<SEC-DOCUMENT>0001104659-23-100778.txt : 20230914
<SEC-HEADER>0001104659-23-100778.hdr.sgml : 20230914
<ACCEPTANCE-DATETIME>20230914160315
ACCESSION NUMBER:		0001104659-23-100778
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20230914
DATE AS OF CHANGE:		20230914

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALERUS FINANCIAL CORP
		CENTRAL INDEX KEY:			0000903419
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				450375407
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-274509
		FILM NUMBER:		231255136

	BUSINESS ADDRESS:	
		STREET 1:		401 DEMERS AVE
		CITY:			GRAND FORKS
		STATE:			ND
		ZIP:			58201
		BUSINESS PHONE:		7017953200

	MAIL ADDRESS:	
		STREET 1:		PO BOX 6001
		STREET 2:		401 DEMERS AVE
		CITY:			GRAND FORKS
		STATE:			ND
		ZIP:			58206-6001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST NATIONAL CORP NORTH DAKOTA
		DATE OF NAME CHANGE:	19980312
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>tm2325869-3_s3.htm
<DESCRIPTION>S-3
<TEXT>
<html>
  <head>
    <title>tm2325869-3_s3 - none - 3.8750165s</title>
  </head>
  <body style="margin-left:auto;margin-right:auto;width:595.31pt;">
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:27.85pt;margin-bottom:21.86pt;margin-left:27pt;width:541.31pt;">
        <div style="text-align:center; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">As filed with the Securities and Exchange Commission on September&#160;14, 2023.</font><font style="font-weight:normal;letter-spacing:0.18pt;"> </font>
        </div>
        <div style="margin-top:0.5pt; text-align:right; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Registration No. 333-&#8199;&#8199;&#8199;&#8199;&#8199;&#8199;</font>&#8203;</div>
        <div style="margin-top:1pt; width:541.31pt;">
          <div style="margin-left: 0pt; width: 541.31pt; margin-top: 1pt; font-size: 2pt; line-height: 0pt; border-bottom: 2pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:1.2pt; width:541.31pt;">
          <div style="margin-left: 0pt; width: 541.31pt; margin-top: 1.2pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:3.7pt; text-align:center; width:541.31pt; line-height:16pt;font-weight:bold;font-size:16pt;">
          <font style="letter-spacing:-0.32pt;">UNITED STATES</font>
          <br >
          <font style="letter-spacing:-0.32pt;">SECURITIES AND EXCHANGE COMMISSION</font>
        </div>
        <div style="margin-top:0.5pt; text-align:center; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Washington, D.C. 20549</font><font style="font-weight:normal;letter-spacing:0.18pt;"> </font>
        </div>
        <div style="margin-top:5pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 5pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:5.7pt; text-align:center; width:541.31pt; line-height:16.5pt;font-weight:bold;font-size:16pt;">
          <font style="letter-spacing:-0.32pt;">FORM S-3</font>
        </div>
        <div style="margin-top:6.7pt; text-align:center; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">REGISTRATION STATEMENT</font>
        </div>
        <div style="margin-top:1pt; text-align:center; width:541.31pt; line-height:13.5pt;font-style:italic;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">UNDER</font>
          <br >
          <font style="letter-spacing:-0.18pt;">THE SECURITIES ACT OF 1933</font><font style="font-style:normal;font-weight:normal;font-size:16pt;">&#8203;<font style="letter-spacing:0.32pt;"> </font></font>
        </div>
        <div style="margin-top:7pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 7pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:5.7pt; text-align:center; width:541.31pt; line-height:16.5pt;font-weight:bold;font-size:16pt;">
          <font style="letter-spacing:-0.32pt;">ALERUS FINANCIAL CORPORATION</font>
        </div>
        <div style="margin-top:0.5pt; text-align:center; width:541.31pt; line-height:8.5pt;font-size:8pt;">
          <font style="letter-spacing:0.16pt;">(Exact name of registrant as specified in its charter)</font><font style="font-size:9pt;">&#8203;<font style="letter-spacing:0.18pt;"> </font></font>
        </div>
        <div style="margin-top:4.7pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 4.70000000000002pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <table style="width:501.31pt;margin-left:20pt;margin-top:-1pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <tr style="line-height:12pt;white-space:normal;text-align:center;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 0.5pt 0pt; width:244.66pt;">
              <div style="text-align:center;font-weight:bold;font-size:10pt;">
                <font style="letter-spacing:-0.2pt;">Delaware</font>
              </div>
              <div style="margin-top:2pt; text-align:center; line-height:9pt;">
                <font style="letter-spacing:0.16pt;">(State or other jurisdiction of</font>
                <br >
                <font style="letter-spacing:0.16pt;">incorporation or organization)</font><font style="font-size:10pt;">&#8203;</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt 0pt 0.5pt 0pt; width:244.65pt;">
              <div style="text-align:center;font-weight:bold;font-size:10pt;">
                <font style="letter-spacing:-0.2pt;">45-0375407</font>
              </div>
              <div style="margin-top:2pt; text-align:center; line-height:9pt;">
                <font style="letter-spacing:0.16pt;">(I.R.S. Employer</font>
                <br >
                <font style="letter-spacing:0.16pt;">Identification No.)</font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
        <div style="margin-top:6.71pt; text-align:center; width:541.31pt; line-height:9pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">401 Demers Avenue</font>
          <br >
          <font style="letter-spacing:-0.18pt;">Grand Forks, North Dakota 58201</font>
          <br >
          <font style="letter-spacing:-0.18pt;">(701) 795-3200</font>
        </div>
        <div style="margin-top:0.3pt; text-align:center; width:541.31pt; line-height:8.5pt;font-size:8pt;">
          <font style="letter-spacing:0.16pt;">(Address, including zip code, and telephone number, including area code, of each registrant&#8217;s principal executive offices)</font><font style="font-size:9pt;">&#8203;<font style="letter-spacing:0.18pt;"> </font></font>
        </div>
        <div style="margin-top:6.8pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 6.79999999999998pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:5.8pt; text-align:center; width:541.31pt; line-height:9pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Katie A. Lorenson</font>
          <br >
          <font style="letter-spacing:-0.18pt;">President and Chief Executive Officer</font>
          <br >
          <font style="letter-spacing:-0.18pt;">Alerus Financial Corporation</font>
          <br >
          <font style="letter-spacing:-0.18pt;">401 Demers Avenue</font>
          <br >
          <font style="letter-spacing:-0.18pt;">Grand Forks, North Dakota 58201</font>
          <br >
          <font style="letter-spacing:-0.18pt;">(701) 795-3200</font>
        </div>
        <div style="margin-top:0.3pt; text-align:center; width:541.31pt; line-height:8.5pt;font-size:8pt;">
          <font style="letter-spacing:0.16pt;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</font><font style="font-size:9pt;">&#8203;<font style="letter-spacing:0.18pt;"> </font></font>
        </div>
        <div style="margin-top:6.8pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 6.80000000000001pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:5.8pt; text-align:center; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Copy to:</font><font style="font-weight:normal;letter-spacing:0.18pt;"> </font>
        </div>
        <div style="margin-top:3.5pt; text-align:center; width:541.31pt; line-height:9pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Joseph Ceithaml, Esq.</font>
          <br >
          <font style="letter-spacing:-0.18pt;">Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP</font>
          <br >
          <font style="letter-spacing:-0.18pt;">200 West Madison Street, Suite 3900</font>
          <br >
          <font style="letter-spacing:-0.18pt;">Chicago, Illinois 60606</font>
          <br >
          <font style="letter-spacing:-0.18pt;">(312) 984-3100</font><font style="font-weight:normal;letter-spacing:0.18pt;"> </font>
        </div>
        <div style="margin-top:7pt; text-align:center; width:541.31pt;">
          <div style="margin-left: 40.024%; margin-right: 40.024%; margin-top: 7pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="text-indent:20pt; margin-top:5.8pt; width:541.31pt; line-height:9.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">Approximate date of commencement of proposed sale to the public</font><font style="font-weight:normal;letter-spacing:0.18pt;">: From time to time after the effective date of this registration statement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If the only securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule&#160;415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. &#9746; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If this form is filed to register additional securities for an offering pursuant to Rule&#160;462(b) under the Securities Act, please check the</font>
          <br >
          <font style="letter-spacing:0.18pt;">following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If this form is a post-effective amendment filed pursuant to Rule&#160;462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If this form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule&#160;462(e) under the Securities Act, check the following box. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If this form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule&#160;413(b) under the Securities Act, check the following box. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule&#160;12b-2 of the Exchange Act: </font>
        </div>
        <table style="width:501.31pt;height:37.5699999999999pt;margin-left:20pt;margin-top:4pt;border-collapse: collapse;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9pt;">
          <tr style="line-height:8.97000000000003pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1.31pt 0pt; width:95.47pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.18pt;">Large accelerated filer &#9744; </font>
              </div>
            </td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1.31pt 0pt; width:114.98pt;">
              <font style="letter-spacing:0.18pt;">Accelerated filer &#9746; </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:8.97000000000003pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.53pt 0pt 1.78pt 0pt; width:95.47pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.18pt;">Non-accelerated filer &#9744; </font>
              </div>
            </td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:3.53pt 0pt 1.78pt 0pt; width:114.98pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.18pt;">Smaller reporting company &#9744; </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:8.97000000000003pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 0.5pt 0pt; width:95.47pt;">&#8203;</td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:0pt; width:145.43pt;">&#8203;</td>
            <td style="padding:3.54pt 0pt 1.78pt 0pt; width:114.98pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.18pt;">Emerging growth company &#9746;</font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
        <div style="text-indent:20pt; margin-top:6.8pt; width:541.31pt; line-height:9pt;">
          <font style="letter-spacing:0.18pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;7(a)(2)(B) of the Securities Act. &#9744; </font>
        </div>
        <div style="text-indent:20pt; margin-top:3.5pt; width:541.31pt; line-height:9pt;font-weight:bold;">
          <font style="letter-spacing:-0.18pt;">The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section&#160;8(a) of the Securities Act of 1933, as amended, or until this registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section&#160;8(a), may determine.</font><font style="font-weight:normal;letter-spacing:0.18pt;"> </font>
        </div>
        <div style="margin-top:4.3pt; width:541.31pt;">
          <div style="margin-left: 0pt; width: 541.31pt; margin-top: 4.29999999999995pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="margin-top:1.31pt; width:541.31pt;">
          <div style="margin-left: 0pt; width: 541.31pt; margin-top: 1.31000000000006pt; font-size: 2pt; line-height: 0pt; border-bottom: 2pt solid #000000; ">&#8203;</div>
        </div>
      </div>
      <hr >
    </div>
    <div style="position:relative;overflow-x:hidden;min-height:775.71pt;page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:9.5pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="position:absolute;top:738.83pt;left:48.66pt;height:30.02pt;width:706pt;transform-origin:0pt -0pt;transform:rotate(-90deg) translate(0%, 0%);">
        <div style="text-align:justify; width:706pt; line-height:9.5pt;font-weight:bold;color:#FC0014;font-family:Helvetica, Arial, sans-serif;font-size:8pt;">
          <font style="letter-spacing:-0.08pt;">The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement containing this prospectus filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.</font><font style="color:#000000;letter-spacing:-0.08pt;"> </font>
          <br >
        </div>
      </div>
      <div style="margin-top:27.85pt;min-height:706pt;margin-left:87.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:12pt;color:#FC0014;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">SUBJECT TO COMPLETION DATED </font><font style="text-transform:uppercase;letter-spacing:0.2pt;">September&#160;14,</font><font style="letter-spacing:0.2pt;"> 2023</font><font style="color:#000000;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;font-size:10pt;">
          <font style="letter-spacing:-0.2pt;">PROSPECTUS</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-top:2pt; text-align:center; width:456pt; line-height:14pt;font-weight:bold;font-size:12pt;">
          <font style="letter-spacing:-0.24pt;">$125,000,000</font><font style="font-weight:normal;letter-spacing:0.24pt;"> </font>
        </div>
        <div style="position:relative;margin-top:7pt; text-align:center; width:456pt;">
          <img src="lg_alerusfinancialcorp-4clr.jpg" alt="[MISSING IMAGE: lg_alerusfinancialcorp-4clr.jpg]" height="80" width="261" >
        </div>
        <div style="margin-top:8pt; text-align:center; width:456pt; line-height:14pt;font-weight:bold;font-size:12pt;">
          <font style="letter-spacing:-0.24pt;">Common Stock</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Preferred Stock</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Debt Securities</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Warrants</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Depositary Shares</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Subscription Rights</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Stock Purchase Contracts</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Stock Purchase Units</font>
          <br >
          <font style="letter-spacing:-0.24pt;">Units</font><font style="font-weight:normal;letter-spacing:0.24pt;"> </font>
        </div>
        <div style="margin-top:7.833pt; text-align:center; width:456pt;">
          <div style="margin-left: 38.158%; margin-right: 38.158%; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style="text-indent:20pt; margin-top:10pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">Alerus Financial Corporation (&#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Company&#8221;) may offer and sell, at any time and from time to time, in one or more offerings, together or separately, any combination of the securities described in this prospectus. The aggregate initial offering price of the securities that we offer will not exceed $125,000,000. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">This prospectus describes some of the general terms that may apply to these securities and the general manner in which they may be offered. Each time that we offer and sell securities using this prospectus, we will provide a supplement to this prospectus that contains specific information about the securities and their terms and the manner in which we will offer them for sale. The prospectus supplement also may add or update information contained in this prospectus. This prospectus may not be used to sell securities unless accompanied by the applicable prospectus supplement. You should carefully read this prospectus and any supplement to this prospectus, as well as any documents we have incorporated into this prospectus by reference, before you invest in any of these securities. References herein to &#8220;prospectus supplement&#8221; are deemed to refer to any pricing supplement or free writing prospectus describing the specific pricing or other terms of the applicable offering that we prepare and distribute. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">We may offer and sell these securities to or through one or more underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis. If an offering of securities involves any underwriters, dealers or agents, we will provide the names of any such underwriters, dealers or agents used in connection with the sale of any of these securities, as well as any fees, commissions or discounts we may pay to such underwriters, dealers or agents in connection with the sale of these securities, in the applicable prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">Our common stock is listed on the Nasdaq Capital Market under the symbol &#8220;ALRS.&#8221; On September&#160;8, 2023, the last reported sale price of our common stock was $17.99. We have not yet determined whether any of the other securities that may be offered pursuant to this prospectus will be listed on any exchange. If we decide to do so, a prospectus supplement relating to such securities will identify the exchange or market on which they will be listed. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">Our principal executive office is located at 401 Demers Avenue, Grand Forks, North Dakota 58201, and our telephone number at that address is (701) 795-3200. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">These securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank. This prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities, in any state or jurisdiction where the offer or sale is not permitted. </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;font-weight:bold;">
          <font style="letter-spacing:-0.19pt;">Investing in our securities involves risks. You should refer to the section entitled &#8220;</font><font style="font-style:italic;letter-spacing:-0.19pt;">Risk Factors</font><font style="letter-spacing:-0.19pt;">&#8221; on page&#160;<a href="#tRIFA">3</a> of this prospectus, as well as the risk factors included in the applicable prospectus supplement and certain of our periodic reports and other information that we file with the Securities and Exchange Commission, and carefully consider that information before buying our securities.</font><font style="font-weight:normal;letter-spacing:0.19pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:5pt; width:456pt; line-height:11pt;font-weight:bold;">
          <font style="letter-spacing:-0.19pt;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</font><font style="font-weight:normal;letter-spacing:0.19pt;"> </font>
        </div>
        <div style="margin-top:14pt; text-align:center; width:456pt; line-height:11pt;">
          <font style="letter-spacing:0.19pt;">This prospectus is dated&#8199;&#8199;&#8199;&#8199;&#8199;&#8199;&#8199;&#8199; &#8199;&#8199;&#8201; &#8199;&#8199;&#8199;&#8199;, 2023.</font>
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="TOC">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;height:660pt;margin-left:69.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">TABLE OF CONTENTS</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Prospectus</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <table style="width:456pt;height:265pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tATP"><font style="letter-spacing:0.2pt;">About this Prospectus </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:0pt 0pt 1pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tATP">1</a></font> <a href="#tATP"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tSNRF"><font style="letter-spacing:0.2pt;">Special Note Regarding Forward-Looking Statements </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tSNRF">1</a></font> <a href="#tSNRF"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tRIFA"><font style="letter-spacing:0.2pt;">Risk Factors </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tRIFA">3</a></font> <a href="#tRIFA"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tAFC"><font style="letter-spacing:0.2pt;">Alerus Financial Corporation </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tAFC">3</a></font> <a href="#tAFC"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tUOP"><font style="letter-spacing:0.2pt;">Use of Proceeds </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tUOP">4</a></font> <a href="#tUOP"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOSW"><font style="letter-spacing:0.2pt;">Description of Securities We May Offer </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOSW">5</a></font> <a href="#tDOSW"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOCS"><font style="letter-spacing:0.2pt;">Description of Capital Stock </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOCS">5</a></font> <a href="#tDOCS"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDODS"><font style="letter-spacing:0.2pt;">Description of Debt Securities </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDODS">9</a></font> <a href="#tDODS"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOW"><font style="letter-spacing:0.2pt;">Description of Warrants </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOW">16</a></font> <a href="#tDOW"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDODS1"><font style="letter-spacing:0.2pt;">Description of Depositary Shares </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDODS1">16</a></font> <a href="#tDODS1"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOSR"><font style="letter-spacing:0.2pt;">Description of Subscription Rights </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOSR">18</a></font> <a href="#tDOSR"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOSP"><font style="letter-spacing:0.2pt;">Description of Stock Purchase Contracts and Stock Purchase Units </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOSP">19</a></font> <a href="#tDOSP"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tDOU"><font style="letter-spacing:0.2pt;">Description of Units </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tDOU">20</a></font> <a href="#tDOU"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tPOD"><font style="letter-spacing:0.2pt;">Plan of Distribution </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tPOD">20</a></font> <a href="#tPOD"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tLEMA"><font style="letter-spacing:0.2pt;">Legal Matters </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tLEMA">21</a></font> <a href="#tLEMA"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tEXP"><font style="letter-spacing:0.2pt;">Experts </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tEXP">21</a></font> <a href="#tEXP"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tWYCF"><font style="letter-spacing:0.2pt;">Where You Can Find More Information </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tWYCF">22</a></font> <a href="#tWYCF"></a></td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:434pt;text-align:left;">
              <div style="white-space:nowrap;">
                <a href="#tIOCI"><font style="letter-spacing:0.2pt;">Incorporation of Certain Information by Reference </font></a>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:0pt; text-align:right; ">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; min-width:10.5pt; text-align:right; white-space:nowrap;">
              <font style="letter-spacing:0.2pt;"><a href="#tIOCI">22</a></font>
            </td>
            <td style="padding:0pt;padding-left:0pt;width:0pt;">&#8203;</td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
      </div>
      <div style="margin-top:2.00000000000002pt;margin-bottom:35.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tATP">&#8203;</a><a name="tSNRF">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">About this Prospectus</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, which we refer to as the SEC, using a shelf registration process. Under the shelf registration rules, we may sell from time to time, in one or more offerings, on a continuous or delayed basis, any combination of the securities described in this prospectus for an aggregate offering price of up to $125,000,000. The registration statement that contains this prospectus (including the exhibits to the registration statement) contains additional information about us and the securities we are offering under this prospectus. You can read that registration statement at the SEC website at http://www.sec.gov or at the SEC office mentioned under the heading &#8220;Where You Can Find More Information.&#8221; </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">This prospectus provides you with a general description of the securities we may offer. Each time we sell any of these securities, we will provide one or more prospectus supplements that will contain specific information about the terms of that offering. Such prospectus supplement may also add, update or change information contained or incorporated by reference in this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement, you should rely on the information in the prospectus supplement. You should read this prospectus (including the documents incorporated by reference) and the applicable prospectus supplement together with the additional information referred to under the heading &#8220;Where You Can Find More Information&#8221; before you invest. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">You should rely only on the information contained or incorporated by reference in this prospectus and in any supplement to this prospectus. We have not authorized anyone to provide you with different or additional information. We are not making an offer to sell or soliciting an offer to buy these securities in any jurisdiction in which the offer or solicitation is not authorized or in which the person making the offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make the offer or solicitation. You should assume that the information contained or incorporated by reference in this prospectus or any prospectus supplement is accurate as of its date only. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Any of the securities described in this prospectus and in a prospectus supplement may be convertible or exchangeable into, or exercisable for, other securities that are described in this prospectus or will be described in a prospectus supplement, and may be issued separately, together or as part of a unit consisting of two or more securities, which may or may not be separate from one another. The securities offered hereby may include new or hybrid securities developed in the future that combine features of any of the securities described in this prospectus. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Special Note Regarding Forward-Looking Statements</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">This prospectus, any related prospectus supplement and the documents we incorporate by reference in this prospectus and any related prospectus supplement contain statements that constitute forward-looking statements within the meaning of the safe harbor provisions for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, identified by words such as &#8220;may&#8221;, &#8220;might&#8221;, &#8220;should&#8221;, &#8220;could&#8221;, &#8220;predict&#8221;, &#8220;potential&#8221;, &#8220;believe&#8221;, &#8220;expect&#8221;, &#8220;continue&#8221;, &#8220;will&#8221;, &#8220;anticipate&#8221;, &#8220;seek&#8221;, &#8220;estimate&#8221;, &#8220;intend&#8221;, &#8220;plan&#8221;, &#8220;projection&#8221;, &#8220;would&#8221;, &#8220;annualized&#8221;, &#8220;target&#8221; and &#8220;outlook&#8221;, or the negative version of those words or other comparable words of a future or forward-looking nature. Examples of forward-looking statements include, among others, statements we make regarding our projected growth, anticipated future financial performance, financial condition, credit quality and management&#8217;s long-term performance goals and the future plans and prospects of the Company. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">1</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">factors that could cause our actual results and financial condition to differ materially from those indicated in forward-looking statements include, among others, the following: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">interest rate risks associated with our business, including the effects of recent and anticipated rate increases by the Federal Reserve; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our ability to successfully manage credit risk and maintain an adequate level of allowance for credit losses; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">new or revised accounting standards, including as a result of the implementation of the new Current Expected Credit Loss Standard; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">business and economic conditions generally and in the financial services industry, nationally and within our market areas, including continued rising rates of inflation and possible recession; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the effects of recent developments and events in the financial services industry, including the large-scale deposit withdrawals over a short-period of time at Silicon Valley Bank, Signature Bank of New York and First Republic Bank that resulted in the failure of those institutions; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the overall health of the local and national real estate market; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">concentrations within our loan portfolio; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the level of nonperforming assets on our balance sheet; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our ability to implement our organic and acquisition growth strategies, including the integration of Metro Phoenix Bank which we acquired in 2022; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the impact of economic or market conditions on our fee-based services; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.09pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.09pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our ability to continue to grow our retirement and benefit services business; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our ability to continue to originate a sufficient volume of residential mortgages; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">interruptions involving our information technology and telecommunications systems or third-party servicers; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">potential losses incurred in connection with mortgage loan repurchases; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the composition of our executive management team and our ability to attract and retain key personnel; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the rapid technological change in the financial services industry; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">increased competition in the financial services industry from non-banks such as credit unions and Fintech companies, including digital asset service providers; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our ability to successfully manage liquidity risk, including our need to access higher cost sources of funds such as fed funds purchased and short-term borrowings; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the concentration of large deposits from certain clients, who have balances above current Federal Deposit Insurance Corporation, or FDIC, insurance limits and may withdraw deposits to diversify their exposure; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.09pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.09pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the effectiveness of our risk management framework; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the commencement and outcome of litigation and other legal proceedings and regulatory actions against us or to which we may become subject; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">potential impairment to the goodwill we recorded in connection with our past acquisitions, including the acquisition of Metro Phoenix Bank; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the extensive regulatory framework that applies to us; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">2</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tRIFA">&#8203;</a><a name="tAFC">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style=" float:left; margin-left:20pt; line-height:12pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the impact of recent and future legislative and regulatory changes, including in response to the recent failures of Silicon Valley Bank, Signature Bank of New York and First Republic Bank; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.3pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.3pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">fluctuations in the values of securities held in our securities portfolio, including as a result of changes in interest rates; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.3pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.3pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">governmental monetary, trade and fiscal policies; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">risks related to climate change and the negative impact it may have on our customers and their businesses; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">severe weather, natural disasters, widespread disease or pandemics, such as the COVID-19 global pandemic; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">acts of war or terrorism, including the Russian invasion of Ukraine, or other adverse external events; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any material weaknesses in our internal control over financial reporting; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">changes to U.S. or state tax laws, regulations and guidance, including the new 1.0% excise tax on stock buybacks to publicly traded companies; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">talent and labor shortages and employee turnover; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our success at managing the risks involved in the foregoing items; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.3pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.3pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">each of the factors and risks identified in the &#8220;Risk Factors&#8221; sections of the reports filed by Alerus Financial Corporation with the Securities and Exchange Commission and in the &#8220;Risk Factors&#8221; sections of this prospectus and the applicable prospectus supplement. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry&#8217;s actual results, levels of activity, performance or achievements to be materially different from those anticipated by forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Forward-looking statements are made only as of the date of this report, and the Company undertakes no obligation to update any forward-looking statements contained in this report to reflect new information or events or conditions after the date hereof. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Risk Factors</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">An investment in our securities involves a high degree of risk. Before making an investment decision, you should carefully read and consider the risk factors incorporated by reference in this prospectus, as well as those contained in any applicable prospectus supplement, as the same may be updated from time to time by our future filings with the SEC. You should also refer to other information contained or incorporated by reference in this prospectus and any applicable prospectus supplement, including our financial statements and the related notes incorporated by reference herein. Our business, financial condition, results of operations or growth prospects could be materially adversely affected by any of these risks. The trading price of our securities could decline due to any of these risks, and you may lose all or part of your investment. This prospectus and documents incorporated by reference in this prospectus also contain forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including the risks faced by us. Additional risks and uncertainties not known to us or that we deem immaterial may also materially and adversely affect our business and operations. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Alerus Financial Corporation</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">We are a diversified financial services company headquartered in Grand Forks, North Dakota. Through our subsidiary, Alerus Financial, National Association, or the Bank, we provide innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments&#8201;&#8212;&#8201; </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">3</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tUOP">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-bottom:252pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">As of June&#160;30, 2023, we had $3.8&#160;billion of total assets, $2.5&#160;billion of total loans, $2.9&#160;billion of total deposits, $357.7&#160;million of stockholders&#8217; equity, $35.1&#160;billion in assets under administration or management in our retirement and benefit services segment and $3.9&#160;billion of assets under administration or management in our wealth management segment. For the six-month period ended June&#160;30, 2023, we had $189.0&#160;million of mortgage originations. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Our business model produces strong financial performance and a diversified revenue stream, which has helped us establish a brand and culture yielding both a loyal client base and passionate and dedicated employees. We believe our client-first and advice-based philosophy, diversified business model and history of high performance and growth distinguishes us from other financial service providers. We generate a majority of our overall revenue from noninterest income, which is driven primarily by our retirement and benefit services, wealth management and mortgage business segments. The remainder of our revenue consists of net interest income, which we derive from offering our traditional banking products and services. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Our principal executive office is located at 401 Demers Avenue, Grand Forks, North Dakota 58201, and our telephone number at that address is (701) 795-3200. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Additional information about us is included in our filings with the SEC, which are incorporated by reference into this prospectus. See &#8220;Where You Can Find More Information&#8221; and &#8220;Incorporation of Certain Information by Reference&#8221; in this prospectus. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Use of Proceeds</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Unless the applicable prospectus supplement states otherwise, we will use the net proceeds we receive from the sale of the securities offered hereby for general corporate purposes, which may include, among other things, investments in or advances to our subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment or the financing of possible acquisitions. The applicable prospectus supplement relating to a particular offering of securities by us will identify the particular use of proceeds for that offering. Until we use the net proceeds from an offering, we may place the net proceeds in temporary investments or hold the net proceeds in deposit accounts at the Bank or another depository institution.</font>
        </div>
      </div>
      <div style="margin-top:0pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">4</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDOSW">&#8203;</a><a name="tDOCS">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Securities We May Offer</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">This prospectus contains summary descriptions of the common stock, preferred stock, debt securities, warrants, depositary shares, subscription rights, stock purchase contracts, stock purchase&#160;units and&#160;units that we may offer and sell from time to time. When one or more of these securities are offered in the future, a prospectus supplement will explain the particular terms of the securities and the extent to which these general provisions may apply. These summary descriptions and any summary descriptions in the applicable prospectus supplement do not purport to be complete descriptions of the terms and conditions of each security and are qualified in their entirety by reference to our Third Amended and Restated Certificate of Incorporation, or Certificate of Incorporation, our Second Amended and Restated Bylaws, or Bylaws, the Delaware General Corporation Law, or DGCL, and any other documents referenced in such summary descriptions and from which such summary descriptions are derived. If any particular terms of a security described in the applicable prospectus supplement differ from any of the terms described in this prospectus, then the terms described in this prospectus will be deemed superseded by the terms set forth in that prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may issue securities in book-entry form through one or more depositaries, such as The Depository Trust Company, Euroclear or Clearstream, named in the applicable prospectus supplement. Each sale of a security in book-entry form will settle in immediately available funds through the applicable depositary, unless otherwise stated. We will issue the securities in registered form, without coupons, although we may issue the securities in bearer form if so specified in the applicable prospectus supplement. If any securities are to be listed or quoted on a securities exchange or quotation system, the applicable prospectus supplement will say so. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Capital Stock</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The following is a summary of the material terms, limitations, voting powers and relative rights of our capital stock as contained in our Certificate of Incorporation, which are incorporated by reference herein. This summary does not purport to be a complete description of the terms and conditions of our capital stock in all respects and is subject to and qualified in its entirety by reference to our Certificate of Incorporation, our Bylaws, the DGCL and any other documents referenced in the summary descriptions and from which the summary descriptions are derived. Although we believe this summary covers the material terms and provisions of our capital stock set forth in our Certificate of Incorporation, it may not contain all of the information that is important to you. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Authorized Shares of Capital Stock</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Our Certificate of Incorporation authorizes the issuance of up to 30,000,000 shares of common stock, par value $1.00 per share, and up to 2,000,000 shares of preferred stock, par value $1.00 per share. The Company&#8217;s common stock is listed on the Nasdaq Capital Market under the symbol &#8220;ALRS.&#8221; As of September&#160;8, 2023, we had 19,989,891 shares of common stock issued and outstanding, held by approximately 247 stockholders of record. No shares of preferred stock were issued and outstanding as of September&#160;8, 2023. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Common Stock</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Governing Documents.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Holders of shares of our common stock have the rights set forth in our Certificate of Incorporation, our Bylaws and the DGCL. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Dividends and Distributions.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The holders of our common stock are entitled to share equally in any dividends that our board of directors may declare from time to time out of funds legally available for dividends, subject to limitations under the DGCL and any preferential rights of holders of any then outstanding shares of preferred stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Ranking.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Our common stock ranks junior to all other securities and indebtedness of the Company with respect to dividend rights and rights upon liquidation, dissolution or winding up of the Company. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of our common stock are entitled to share equally, on a per share basis, in all of our assets available </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">5</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">for distribution, after payment to creditors and subject to any prior distribution rights granted to holders of any then outstanding shares of preferred stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">No Conversion Rights.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Our common stock is not convertible into any other shares of our capital stock. </font>
        </div>
        <div style="margin-left:20pt; margin-top:8pt; width:436pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">No Preemptive Rights.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Holders of our common stock do not have any preemptive rights. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Voting Rights.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The holders of our common stock are entitled to one vote per share on any matter to be voted on by the stockholders. The holders of our common stock are not entitled to cumulative voting rights with respect to the election of directors. A plurality of the shares voted shall elect all of the directors then standing for election at a meeting of stockholders at which a quorum is present. </font>
        </div>
        <div style="margin-left:20pt; margin-top:8pt; width:436pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">No Redemption.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;We have no obligation or right to redeem our common stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The shares of common stock will, when issued against full payment of their purchase price, be fully paid and nonassessable. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Preferred Stock</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Subject to limitations under the DGCL, our board of directors is authorized to issue, from time to time and without stockholder approval, up to an aggregate of 2,000,000 shares of preferred stock, par value $1.00 per share, in one or more series and to fix the designations, powers, preferences and relative, participating, optional or other special rights, if any, and any qualifications, limitations or restrictions of the shares of each such series, including the dividend rights, conversion rights, voting rights, redemption rights (including sinking fund provisions), liquidation preferences, preemption rights and the number of shares constituting any series. The issuance of preferred stock with voting and conversion rights could adversely affect the voting power of the holders of shares of our common stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We will describe the particular terms of any series of preferred stock being offered in the applicable prospectus supplement relating to that series of preferred stock. Those terms may include: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.81pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the number of shares being offered; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the title and liquidation preference per share; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the purchase price; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the dividend rate or method for determining that rate; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.51pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.51pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the dates on which dividends will be paid; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether dividends will be cumulative or noncumulative and, if cumulative, the dates from which dividends will begin to accumulate; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any applicable redemption or sinking fund provisions; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.41pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.41pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any applicable conversion provisions; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.4pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.4pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any applicable preemption rights; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.4pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.4pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any applicable restrictions on the repurchase or redemption of shares by us while there is any arrearage in the payment of dividends or sinking fund installments; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.41pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.41pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any applicable right to designate members of our board of directors; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.4pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.4pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether we have elected to offer depositary shares with respect to that series of preferred stock; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.4pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.4pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any additional dividend, liquidation, transfer and other rights and restrictions applicable to that series of preferred stock. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The shares of preferred stock will, when issued against full payment of their purchase price, be fully paid and nonassessable. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Dividends and Distributions.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;If you purchase preferred stock being offered by use of this prospectus and an applicable prospectus supplement, you will be entitled to receive, when, as and if declared by our </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">6</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">board of directors, dividends at the rates and on the dates set forth in the prospectus supplement. Dividend rates may be fixed, variable or both. The nature, amount, rates, timing and other details of dividend rights for a series of preferred stock will be described in the applicable prospectus supplement and will be payable in preference to, or in such relation to, the dividends payable on any other class or classes or series of our stock, as described in the applicable prospectus supplement. We are subject to various regulatory policies and requirements relating to the payment of dividends, including requirements to maintain adequate capital above regulatory minimums. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Ranking.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;In the event that we liquidate, dissolve or wind-up our affairs, either voluntarily or involuntarily, holders of our preferred stock will be entitled to receive liquidating distributions in the amount set forth in the applicable prospectus supplement, plus accrued and unpaid dividends, if any, before we make any distribution of assets to the holders of our common stock or any junior preferred stock. If we fail to pay in full all amounts payable with respect to preferred stock being offered by us and any stock having the same rank as that series of preferred stock, the holders of the preferred stock and of that other stock will share in any distribution of assets in proportion to the full respective preferential amounts to which they are entitled. After the holders of each series of preferred stock and any stock having the same rank as the preferred stock are paid in full, they will have no right or claim to any of our remaining assets. For any series of preferred stock being offered by this prospectus and an applicable prospectus supplement, neither the sale of all or substantially all of our property or business nor a merger or consolidation by us with any other corporation will be considered a dissolution, liquidation or winding-up of our business or affairs. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Conversion Rights.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will state the terms, if any, on which shares of a series of preferred stock being offered are convertible into shares of our common stock or another series of our preferred stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Voting Rights.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The voting rights of preferred stock of any series being offered will be described in the applicable prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Redemption.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The terms, if any, on which shares of a series of preferred stock being offered may be redeemed will be described in the applicable prospectus supplement. The preferred stock of a series may be redeemed in such amount or amounts, and at such time or times, if any, as may be provided in respect of that particular series of preferred stock. Preferred stock may be redeemed by the Company only to the extent legally permissible. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:11.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Anti-Takeover Considerations and Special Provisions of Our Certificate of Incorporation, Bylaws and Applicable Law</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">General.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Applicable law and certain provisions of our Certificate of Incorporation and Bylaws could have the effect of delaying, deferring or discouraging another party from acquiring control of us, even if such acquisition would be viewed by our stockholders to be in their best interests. We believe that these provisions are beneficial because they encourage negotiation with our board of directors, which could result in improved terms of any unsolicited proposal. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Delaware Law</font><font style="letter-spacing:0.2pt;">.&nbsp;&nbsp;&nbsp;The Company is subject to Section&#160;203 of the DGCL. Subject to certain exceptions, Section&#160;203 of the DGCL prohibits a public Delaware corporation from engaging in a business combination (as defined in such section) with an &#8220;interested stockholder&#8221; &#8203;(defined generally as any person who beneficially owns 15% or more of the outstanding voting stock of such corporation or any person affiliated with such person) for a period of three&#160;years following the time that such stockholder became an interested stockholder, unless: (i)&#160;prior to such time the board of directors of such corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; (ii)&#160;upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of such corporation at the time the transaction commenced (excluding for purposes of determining the voting stock of such corporation outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (A)&#160;by persons who are directors and also officers of such corporation and (B)&#160;by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer); or (iii)&#160;on or subsequent to </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">7</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">such time the business combination is approved by the board of directors of such corporation and authorized at a meeting of stockholders (and not by written consent) by the affirmative vote of at least 66</font><font style=" position:relative; bottom:2.66pt;font-size:7pt;letter-spacing:0.14pt;">2</font><font style="letter-spacing:0.2pt;">&#8725;</font><font style="font-size:7pt;letter-spacing:0.14pt;">3</font><font style="letter-spacing:0.2pt;">% of the outstanding voting stock of such corporation not owned by the interested stockholder. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Federal Banking Law.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The ability of a third party to acquire our stock is also limited under applicable U.S. banking laws, including regulatory approval requirements. The Bank Holding Company Act of 1956, as amended, or BHCA, requires any &#8220;bank holding company&#8221; to obtain the approval of the Federal Reserve before acquiring, directly or indirectly, more than 5% of our outstanding common stock. Federal law also prohibits any person or company from acquiring &#8220;control&#8221; of an FDIC-insured depository institution or its holding company without prior notice to the appropriate federal bank regulator. &#8220;Control&#8221; is conclusively presumed to exist upon the acquisition of 25% or more of the outstanding voting securities of a bank or bank holding company, but may arise under certain circumstances between 10% and 24.99% ownership. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Approval of a Change in Control.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Our Certificate of Incorporation includes a provision that makes it more difficult to complete a merger, sale or transfer of control of our Company. Article&#160;V, Section&#160;6 of our Certificate of Incorporation requires the affirmative vote of the holders of at least 75% of the voting stock of the Company to approve such a transaction if more than 25% of the board of directors recommends against voting to approve the transaction. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Special Meetings of Stockholders.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Our Bylaws provide that special meetings of our stockholders may be called only by our Chairman, our Chief Executive Officer, our President, our Secretary or at the request of a majority of our board of directors or by holders of shares entitled to cast not less than 25% of the votes at the meeting. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Requirements for Advance Notification of Stockholder Nominations and Proposals.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Our Bylaws contain an advance notice provision regarding director nominations and other stockholder proposals. Generally, to be timely, notice of director nominations and other stockholder proposals must be received by our Secretary not less than 90&#160;days nor more than 120&#160;days prior to the first anniversary date of the annual meeting for the preceding year. The notice must contain certain information required to be provided by our Bylaws. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Issuance of Blank Check Preferred Stock.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The board of directors is authorized to issue, without further action by our stockholders, up to 2,000,000 shares of preferred stock with rights and preferences designated from time to time by the board of directors as described above under &#8220;Description of Capital Stock&#8201;&#8212;&#8201;Preferred Stock.&#8221; The existence of authorized but unissued shares of preferred stock may enable the board of directors to render more difficult or discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest or otherwise. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Sole and Exclusive Forum</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Our Certificate of Incorporation provides that, unless the Company consents in writing to the selection of an alternative forum, the Delaware Court of Chancery shall be the sole and exclusive forum for (i)&#160;any derivative action or proceeding brought on our behalf, (ii)&#160;any action asserting a claim of breach of fiduciary duty owed by any director, officer, employee or agent of the Company to the Company or its stockholders, (iii)&#160;any action asserting a claim pursuant to the DGCL, our Certificate of Incorporation or our Bylaws or (iv)&#160;or any action asserting a claim governed by the internal affairs doctrine. However, Section&#160;27 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. In addition, Section&#160;22 of the Securities Act of 1933, as amended, or the Securities Act, creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. As a result, there is uncertainty as to whether a court would enforce such a provision, and our stockholders will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations thereunder. </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">8</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDODS">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-indent:20pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Our stockholders approved this provision at our annual stockholders&#8217; meeting held on May&#160;13, 2014. Any person purchasing or otherwise acquiring any interest in any shares of our capital stock shall be deemed to have notice of and to have consented to this provision of our Certificate of Incorporation. This choice of forum provision, if enforced, may have the effect of discouraging lawsuits against us and our directors, officers, employees and agents. The enforceability of similar choice of forum provisions in other companies&#8217; charter documents has been challenged in legal proceedings, and it is possible that, in connection with one or more actions or proceedings described above, a court could find the provision of our Bylaws to be inapplicable or unenforceable. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Limitation on Liability and Indemnification of Officers and Directors</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The DGCL authorizes corporations to limit or eliminate the personal liability of directors and officers to corporations and their stockholders for monetary damages for breaches of directors&#8217; fiduciary duties. Our Certificate of Incorporation and Bylaws include a provision that eliminates the personal liability of directors for monetary damages for breach of fiduciary duty as a director, except: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.19pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.19pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">for breach of duty of loyalty; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">for acts or omissions not in good faith or involving intentional misconduct or knowing violation of law; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">under Section&#160;174 of the DGCL (unlawful dividends or unlawful stock repurchases or redemptions); or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">for transactions from which the director derived an improper personal benefit. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Our Certificate of Incorporation and Bylaws provide that we must indemnify our directors and officers to the fullest extent authorized by the DGCL, subject to the limits of applicable federal banking laws and regulations. We are expressly authorized to, and do, carry directors&#8217; and officers&#8217; insurance providing coverage for our directors, officers and certain employees for some liabilities. We believe that these indemnification provisions and insurance are useful to attract and retain qualified directors and executive directors. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The limitation on liability and indemnification provisions in our Certificate of Incorporation and Bylaws may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duties. These provisions may also have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. In addition, your investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Debt Securities</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">General</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The debt securities that we may offer using this prospectus consist of notes, debentures or other evidences of indebtedness. Any debt securities that we offer and sell will be our direct obligations. Debt securities may be issued in one or more series. All debt securities of any one series need not be issued at the same time, and unless otherwise provided, a series of debt securities may be reopened, without the consent of the holders of outstanding debt securities, for issuance of additional debt securities of that series or to establish additional terms of that series of debt securities (with such additional terms applicable only to unissued or additional debt securities of that series). As required by the Trust Indenture Act of 1939, as amended, for all debt securities that are publicly offered, our debt securities will be governed by a document called an indenture, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part. The form of indenture is subject to any modifications, amendments or supplements that we may enter into with the trustee(s) setting forth the specific terms and conditions of the debt securities being issued. The material terms of the indenture are summarized below and we refer you to the form of indenture for a detailed description of these material terms. Additional or different provisions that are applicable to a particular series of debt securities will, if material, be described in a prospectus supplement relating to the offering of debt securities of that series. These provisions may include, among other things and </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">9</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">to the extent applicable, the following: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.2pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.2pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the title of the debt securities, including, as applicable, whether the debt securities will be issued as senior debt securities, senior subordinated debt securities, subordinated debt securities or junior subordinated debt securities, and any subordination provisions particular to the series of debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.09pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.09pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any limit on the aggregate principal amount of the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if other than 100% of the aggregate principal amount, the&#160;percentage of the aggregate principal amount at which we will sell the debt securities (i.e., original issuance discount); </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the date or dates, whether fixed or extendable, on which the principal of the debt securities will be payable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the rate or rates, which may be fixed or variable, at which the debt securities will bear interest, if any, the date or dates from which any such interest will accrue, the interest payment dates on which we will pay any such interest, the basis upon which interest will be calculated, and, in the case of registered securities, the record dates for the determination of holders to whom interest is payable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any provisions relating to the issuance of the debt securities of the series at an original issue discount; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the place or places where the principal of, and any premium or interest on, the debt securities will be payable and, if applicable, where the debt securities may be surrendered for conversion or exchange; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether we may, at our option, redeem, repurchase or repay the debt securities, and if so, the price or prices at which, the period or periods within which, and the terms and conditions upon which, we may redeem, repurchase or repay the debt securities, in whole or in part, pursuant to any sinking fund or otherwise; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if other than 100% of the aggregate principal amount thereof, the portion of the principal amount of the debt securities which will be payable upon declaration of acceleration of the maturity date thereof or provable in bankruptcy, or, if applicable, which is convertible or exchangeable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any obligation we may have to redeem, purchase or repay the debt securities pursuant to any sinking fund or analogous provisions or at the option of a holder of debt securities, and the price or prices at which, the currency in which and the period or periods within which, and the other terms and conditions upon which, the debt securities will be redeemed, purchased or repaid, in whole or in part, pursuant to any such obligation, and any provision for the remarketing of the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities will be registered securities or unregistered securities or both, and the rights of the holders of the debt securities to exchange unregistered securities for registered securities, or vice-versa, and the circumstances under which any such exchanges, if permitted, may be made; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the denominations, which may be in U.S. dollars or in any foreign currency, in which the debt securities will be issued, if other than denominations of $1,000 and any integral multiple thereof; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities will be issued in the form of certificated debt securities, and if so, the form of the debt securities (or forms thereof if unregistered and registered securities are issuable in that series), including the legends required by law or as we deem necessary or appropriate, the form of any coupons or temporary global security which may be issued and the forms of any other certificates which may be required under the indenture or which we may require in connection with the offering, sale, delivery or exchange of the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if other than U.S. dollars, the currency or currencies in which payments of principal, interest and other amounts payable with respect to the debt securities will be denominated, payable, redeemable or repurchasable, as the case may be; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities may be issuable in tranches; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the obligations, if any, we may have to permit the conversion or exchange of the debt securities into common stock, preferred stock or other capital stock or property, or a combination thereof, and the terms and conditions upon which such conversion or exchange will be effected (including the </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">10</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-left:30pt; width:426pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">conversion price or exchange ratio), and any limitations on the ownership or transferability of the securities or property into which the debt securities may be converted or exchanged; </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with respect to the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if the debt securities do not bear interest, the applicable dates required under the indenture for furnishing information to the trustee regarding the holders of the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any deletions from, modifications of or additions to (a)&#160;the events of default with respect to the debt securities or (b)&#160;the rights of the trustee or the holders of the debt securities in connection with events of default; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.91pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.91pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any deletions from, modifications of or additions to the covenants with respect to the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if the amount of payments of principal of, and make-whole amount, if any, and interest on the debt securities may be determined with reference to an index, the manner in which such amount will be determined; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities will be issued in whole or in part in the global form of one or more debt securities and, if so, the depositary for such debt securities, the circumstances under which any such debt security may be exchanged for debt securities registered in the name of, and under which any transfer of debt securities may be registered in the name of, any person other than such depositary or its nominee, and any other provisions regarding such debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether, under what circumstances and the currency in which, we will pay additional amounts on the debt securities to any holder of the debt securities who is not a U.S. person in respect of any tax, assessment or governmental charge and, if so, whether we will have the option to redeem such debt securities rather than pay such additional amounts (and the terms of any such option); </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities, in whole or specified parts, will be defeasible, and, if the securities may be defeased, in whole or in specified part, any provisions to permit a pledge of obligations other than certain government obligations to satisfy the requirements of the indenture regarding defeasance of securities and, if other than by resolution of our board of directors, the manner in which any election to defease the debt securities will be evidenced; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.91pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.91pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the debt securities will be secured by any property, assets or other collateral and, if so, a general description of the collateral and the terms of any related security, pledge or other agreements; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the persons to whom any interest on the debt securities will be payable, if other than the registered holders thereof on the regular record date therefor; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any restrictions, conditions or requirements for transfer of the debt securities; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any other material terms or conditions upon which the debt securities will be issued. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Unless otherwise indicated in the applicable prospectus supplement, if any interest payment date or the maturity date falls on a day that is not a business day, then the payment will be made on the next business day without additional interest and with the same effect as if it were made on the originally scheduled date. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Unless otherwise indicated in the applicable prospectus supplement, the trustee will act as paying agent and registrar for the debt securities under the indenture. We may also act as paying agent under the indenture. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The applicable prospectus supplement will contain a description of U.S. federal income tax consequences relating to the debt securities, to the extent applicable. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Covenants</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The applicable prospectus supplement will describe any covenants, such as restrictive covenants restricting us or any of our subsidiaries from incurring, issuing, assuming or guarantying any indebtedness, restricting us or any of our subsidiaries from paying dividends or acquiring any of our or its capital stock, requiring the maintenance of any asset ratio or the creation or any maintenance of any reserves, or restricting the incurrence of additional debt or the issuance of additional securities. </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">11</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Consolidation, Merger and Transfer of Assets</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Unless we indicate otherwise in the applicable prospectus supplement, the indenture will permit a consolidation or merger between us and another entity and/or the sale, conveyance or lease by us of all or substantially all of our property and assets; provided, however, that: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we are the surviving or continuing entity, or the resulting or acquiring entity, if other than us, is organized and existing under the laws of a U.S. jurisdiction and assumes, pursuant to a supplemental indenture, all of our responsibilities and liabilities under the indenture, including the payment of all amounts due on the debt securities and performance of the covenants in the indenture; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">immediately after the transaction, and giving effect to the transaction, no event of default under the indenture exists; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we have delivered to the trustee an officers&#8217; certificate stating that the transaction and, if a supplemental indenture is required in connection with the transaction, the supplemental indenture, comply with the indenture and that all conditions precedent to the transaction contained in the indenture have been satisfied. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If we consolidate or merge with or into any other entity, or sell or lease all or substantially all of our assets in compliance with the terms and conditions of the indenture, the resulting or acquiring entity will be substituted for us in the indenture and the debt securities with the same effect as if it had been an original party to the indenture and the debt securities. As a result, such successor entity may exercise our rights and powers under the indenture and the debt securities, in our name, and, except in the case of a lease, we will be released from all our liabilities and obligations under the indenture and under the debt securities. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Notwithstanding the foregoing, we may transfer all of our property and assets to another entity if, immediately after giving effect to the transfer, such entity is our wholly owned subsidiary. The term &#8220;wholly owned subsidiary&#8221; means any subsidiary in which we and/or our other wholly owned subsidiaries own all of the outstanding capital stock. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Modification and Waiver</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Unless we indicate otherwise in the applicable prospectus supplement, under the indenture, some of our rights and obligations and some of the rights of the holders of the debt securities may be modified or amended with the consent of the holders of not less than a majority in aggregate principal amount of the outstanding debt securities affected by the modification or amendment. However, the following modifications and amendments will not be effective against any holder without its consent: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a change in the stated maturity date of any payment of principal or interest; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a reduction in the principal amount of, or interest on, any debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">an alteration or impairment of any right to convert at the rate or upon the terms provided in the indenture; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a change in the currency in which any payment on the debt securities is payable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">an impairment of a holder&#8217;s right to sue us for the enforcement of payments due on the debt securities; or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a reduction in the&#160;percentage of outstanding debt securities required to consent to a modification or amendment of the indenture or required to consent to a waiver of compliance with certain provisions of the indenture or certain defaults under the indenture. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Under the indenture, the holders of not less than a majority in aggregate principal amount of the outstanding debt securities may, on behalf of all holders of the debt securities: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">waive compliance by us with certain restrictive provisions of the indenture; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">waive any past default under the indenture in accordance with the applicable provisions of the indenture, except a default in the payment of the principal of, or interest on, any series of debt securities. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">12</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-indent:20pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Finally, we and the indenture trustee may, from time to time, amend the indenture without the consent of holders of the debt securities for certain purposes, including but not limited to the following: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to evidence the succession of another entity to us or successive successions and the assumption by such entity of our covenants, agreements and obligations under the indenture; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to add additional events of default for the protection of the holders of debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to add covenants for the protection of the holders of debt securities; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to make certain other administrative modifications which do not materially and adversely affect the interests of the holders of debt securities. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Events of Default</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Unless we indicate otherwise in the applicable prospectus supplement, &#8220;event of default&#8221; under the indenture will mean, with respect to any series of debt securities, any of the following: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6.1pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6.1pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">failure to pay interest on any debt security for 30&#160;days after the payment is due; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">failure to pay the principal of any debt security when due, either at maturity, upon redemption, by declaration or otherwise; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">failure on our part to observe or perform any other covenant or agreement in the indenture that applies to the debt securities for 90&#160;days after we have received written notice of the failure to perform in the manner specified in the indenture; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">certain events of bankruptcy, insolvency or reorganization. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">If an event of default occurs and continues, the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding debt securities of such series may declare the entire principal of all the debt securities to be due and payable immediately, except that, if the event of default is caused by certain events of bankruptcy, insolvency or reorganization, the entire principal of all of the debt securities of such series will become due and payable immediately without any act on the part of the trustee or holders of the debt securities. If such a declaration occurs, the holders of a majority of the aggregate principal amount of the outstanding debt securities of such series can, subject to conditions, rescind the declaration. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The indenture requires us to furnish to the trustee, not less often than annually, a certificate from our principal executive officer, principal financial officer or principal accounting officer, as the case may be, as to such officer&#8217;s knowledge of our compliance with all conditions and covenants under the indenture. The trustee may withhold notice to the holders of debt securities of any default, except defaults in the payment of principal of, or interest on, any debt securities if the trustee in good faith determines that the withholding of notice is in the best interests of the holders. For purposes of this paragraph, &#8220;default&#8221; means any event which is, or after notice or lapse of time or both would become, an event of default under the indenture. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The trustee is not obligated to exercise any of its rights or powers under the indenture at the request, order or direction of any holders of debt securities, unless the holders offer the trustee satisfactory security or indemnity. If satisfactory security or indemnity is provided, then, subject to other rights of the trustee, the holders of a majority in aggregate principal amount of the outstanding debt securities may direct the time, method and place of: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">conducting any proceeding for any remedy available to the trustee; or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">exercising any trust or power conferred upon the trustee. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The holder of a debt security will have the right to begin any proceeding with respect to the indenture or for any remedy only if: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the holder has previously given the trustee written notice of a continuing event of default; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the holders of not less than a majority in aggregate principal amount of the outstanding debt securities have made a written request of, and offered reasonable indemnity to, the trustee to begin such proceeding; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">13</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style=" float:left; margin-left:20pt; line-height:12pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the trustee has not started such proceeding within 60&#160;days after receiving the request; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">no direction inconsistent with such written request has been given to the trustee under the indenture. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">However, the holder of any debt security will have an absolute right to receive payment of principal of, and interest on, the debt security when due and to institute suit to enforce payment. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Satisfaction and Discharge; Defeasance</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Satisfaction and Discharge of Indenture.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Unless otherwise indicated in the applicable prospectus supplement, if at any time, </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we have paid the principal of and interest on all the debt securities of any series, except for debt securities which have been destroyed, lost or stolen and which have been replaced or paid in accordance with the indenture, as and when the same has become due and payable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.71pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.71pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we have delivered to the trustee for cancellation all debt securities of any series theretofore authenticated, except for debt securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in the indenture; or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">all the debt securities of such series not theretofore delivered to the trustee for cancellation have become due and payable, or are by their terms are to become due and payable within one year or are to be called for redemption within one year, and we have deposited with the trustee, in trust, sufficient money or government obligations, or a combination thereof, to pay the principal, any interest and any other sums due on the debt securities, on the dates the payments are due or become due under the indenture and the terms of the debt securities; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">then the indenture shall cease to be of further effect with respect to the debt securities of such series, except for (a)&#160;rights of registration of transfer and exchange, and our right of optional redemption, (b)&#160;substitution of mutilated, defaced, destroyed, lost or stolen debt securities, (c)&#160;rights of holders to receive payments of principal thereof and interest thereon upon the original stated due dates therefor (but not upon acceleration) and remaining rights of the holders to receive mandatory sinking fund payments, if any, (d)&#160;the rights, obligations and immunities of the trustee under the indenture, and (e)&#160;the rights of the holders of such series of debt securities as beneficiaries thereof with respect to the property so deposited with the trustee payable to all or any of them. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Defeasance and Covenant Defeasance.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Unless otherwise indicated in the applicable prospectus supplement, we may elect with respect to any debt securities of any series either: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to defease and be discharged from all of our obligations with respect to such debt securities, which we refer to as defeasance, with certain exceptions described below; or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to be released from our obligations with respect to such debt securities under such covenants as may be specified in the applicable prospectus supplement, and any omission to comply with those obligations will not constitute a default or an event of default with respect to such debt securities, which we refer to as covenant defeasance. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We must comply with the following conditions before the defeasance or covenant defeasance can be effected: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we must irrevocably deposit with the indenture trustee or other qualifying trustee, under the terms of an irrevocable trust agreement in form and substance satisfactory to the trustee, trust funds in trust solely for the benefit of the holders of such debt securities, sufficient money or government obligations, or a combination thereof, to pay the principal, any interest and any other sums on the due dates for those payments; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">we must deliver to the trustee an opinion of counsel to the effect that the holders of such debt securities will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance or covenant defeasance, as the case may be, to be effected with respect to such debt securities and will be subject to federal income tax on the same amount, in the same manner and at the same times as would be the case if such defeasance or covenant defeasance, as the case may be, had not occurred. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">14</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-indent:20pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">In connection with defeasance, any irrevocable trust agreement contemplated by the indenture must include, among other things, provision for (a)&#160;payment of the principal of and interest on such debt securities, if any, appertaining thereto when due (by redemption, sinking fund payments or otherwise), (b)&#160;the payment of the expenses of the trustee incurred or to be incurred in connection with carrying out such trust provisions, (c)&#160;rights of registration, transfer, substitution and exchange of such debt securities in accordance with the terms stated in the indenture, and (d)&#160;continuation of the rights, obligations and immunities of the trustee as against the holders of such debt securities as stated in the indenture. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The accompanying prospectus supplement may further describe any provisions permitting or restricting defeasance or covenant defeasance with respect to the debt securities of a particular series. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Global Securities</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Unless otherwise indicated in the applicable prospectus supplement, each debt security offered by this prospectus will be issued in the form of one or more global debt securities representing all or part of that series of debt securities. This means that we will not issue certificates for that series of debt securities to the holders. Instead, a global debt security representing that series will be deposited with, or on behalf of, a securities depositary and registered in the name of the depositary or a nominee of the depositary. Any such depositary must be a clearing agency registered under the Exchange Act. We will describe the specific terms of the depositary arrangement with respect to a series of debt securities to be represented by a global security in the applicable prospectus supplement. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Notices</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">We will give notices to holders of the debt securities by mail at the addresses listed in the security register. In the case of notice in respect of unregistered securities or coupon securities, we may give notice by publication in a newspaper of general circulation in New York, New York. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Governing Law</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The indenture and the debt securities will be governed by, and construed in accordance with, the laws of the State of New York, except to the extent the Trust Indenture Act of 1939, as amended, is applicable. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Regarding the Trustee</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">General.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;We will enter into the indenture with a trustee that is qualified to act under the Trust Indenture Act of 1939, as amended, and with any other trustees chosen by us and appointed in a supplemental indenture for a particular series of debt securities. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Resignation or Removal of Trustee.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;If the trustee has or acquires a conflicting interest within the meaning of the Trust Indenture Act, the trustee must either eliminate its conflicting interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and the indenture. Any resignation will require the appointment of a successor trustee under the indenture in accordance with the terms and conditions of the indenture. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The trustee may resign or be removed by us with respect to one or more series of debt securities and a successor trustee may be appointed to act with respect to any such series. The holders of a majority in aggregate principal amount of the debt securities of any series may remove the trustee with respect to the debt securities of such series. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Annual Trustee Report to Holders of Debt Securities.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The trustee will be required to submit certain reports to the holders of the debt securities regarding, among other things, the trustee&#8217;s eligibility to serve as such, the priority of the trustee&#8217;s claims regarding advances made by it, and any action taken by the trustee materially affecting the debt securities. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Certificates and Opinions to Be Furnished to Trustee.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The indenture provides that, in addition to other certificates or opinions specifically required by other provisions of the indenture, every application by us for action by the trustee must be accompanied by a certificate from one or more of our officers and an </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">15</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDOW">&#8203;</a><a name="tDODS1">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">opinion of counsel (who may be our counsel) stating that, in the opinion of the signers, all conditions precedent to such action have been complied with by us. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Certain Relationships in the Ordinary Course.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;From time to time, we may maintain deposit accounts and conduct other banking transactions with the trustee to be appointed under the indenture or its affiliates in the ordinary course of business. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Warrants</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may issue warrants for the purchase of debt securities, common stock, preferred stock, other securities of the Company or any combination of the foregoing. Warrants may be issued alone or together with other securities offered by any prospectus supplement and may be attached to, or separate from, those securities. The particular terms of any warrants will be described more specifically in the prospectus supplement relating to such warrants. We will file the form of any warrant agreement with the SEC, and you should read the warrant agreement for provisions that may be important to you. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The prospectus supplement relating to any warrants we are offering will include specific terms relating to the offering, which terms may include some or all of the following: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the title of the warrants; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the offering price and aggregate number of warrants offered; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.71pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.71pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the designation, number and terms of the securities purchasable upon exercise of the warrants, and procedures that will result in the adjustment of those numbers; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the exercise price of the warrants; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the terms of any rights to redeem or call the warrants; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the dates or periods during which the warrants are exercisable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the designation and terms of any securities with which the warrants are issued; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.71pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.71pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if the warrants are issued as a unit with another security, the date, if any, on and after which the warrants and the other security will be separately transferable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if the exercise price is not payable in U.S. dollars, the foreign currency, currency unit or composite currency in which the exercise price is denominated; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any minimum or maximum amount of warrants that may be exercised at any one time; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.7pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the anti-dilution, redemption or call provisions of the warrants, if any; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.71pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.71pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">if applicable, the identity of the warrant agent for the warrants and of any other depositaries, execution or paying agents, transfer agents, registrars or other agents; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any terms, procedures and limitations relating to the transferability, exchange or exercise of the warrants; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any other material terms of the warrants. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Before exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including the right to receive dividends, if any, or payments upon our liquidation, dissolution or winding-up, or to exercise voting rights, if any. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Depositary Shares</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">This following is a summary of the general terms of the deposit agreement to govern any depositary shares we may offer representing fractional interests in shares of our preferred stock, the depositary shares themselves and the related depositary receipts. This summary does not purport to be complete in all respects and is subject to and qualified entirely by reference to the relevant deposit agreement and depositary receipt with respect to the depositary shares relating to any particular series of preferred stock. A copy of the deposit agreement and form of depositary receipt relating to any depositary shares we issue will be filed with the SEC as an exhibit to the registration statement of which this prospectus is a part or as an exhibit </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">16</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">to a filing incorporated by reference in the registration statement. The specific terms of any depositary shares we may offer will be described in the applicable prospectus supplement. If so described in the applicable prospectus supplement, the terms of that series of depositary shares may differ from the general description of terms presented below. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">General</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may offer fractional interests in shares of our preferred stock, rather than full shares of preferred stock, most likely in the event that the number of our then authorized but yet undesignated shares of preferred stock is not sufficient to offer full shares of preferred stock. If we do, we will provide for the issuance by a depositary to the public of receipts for depositary shares, each of which will represent a fractional interest in a share of a particular series of preferred stock. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The shares of any series of preferred stock underlying the depositary shares will be deposited under a separate deposit agreement between us and a bank or trust company having its principal office in the United States and having a combined capital and surplus of such amount as may be set forth in the applicable prospectus supplement, which we refer to in this section as the depositary. We will name the depositary in the applicable prospectus supplement. Subject to the terms of the deposit agreement, each owner of a depositary share will have a fractional interest in all the rights and preferences of the preferred stock underlying the depositary share. Those rights include any dividend, voting, redemption, conversion and liquidation rights. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The depositary shares will be evidenced by depositary receipts issued under the deposit agreement. Purchasers of fractional interests in shares of the related series of preferred stock will receive depositary receipts as described in the applicable prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Unless we specify otherwise in the applicable prospectus supplement, purchasers will not be entitled to receive the whole shares of preferred stock underlying the depositary shares. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Dividend Rights</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The depositary will distribute all cash dividends or other cash distributions in respect of the preferred stock underlying the depositary shares to each record holder of depositary shares based on the number of the depositary shares owned by that holder on the relevant record date. The depositary will distribute only that amount which can be distributed without attributing to any holder of depositary shares a fraction of one cent, and any balance not so distributed will be added to and treated as part of the next sum received by the depositary for distribution to record holders of depositary shares. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If there is a distribution other than in cash, the depositary will distribute property to the entitled record holders of depositary shares, unless the depositary determines that it is not feasible to make that distribution. In that case the depositary may, with our approval, adopt the method it deems equitable and practicable for making that distribution, including any sale of property and distribution of the net proceeds from this sale to the applicable holders. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The deposit agreement will also contain provisions relating to how any subscription or similar rights offered by us to holders of the preferred stock will be made available to the holders of depositary shares. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Voting Rights</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">When the depositary receives notice of any meeting at which the holders of the preferred stock may vote, the depositary will mail information about the meeting contained in the notice, and any accompanying proxy materials, to the record holders of the depositary shares relating to the preferred stock. Each record holder of such depositary shares on the record date, which will be the same date as the record date for the preferred stock, will be entitled to instruct the depositary as to how the preferred stock underlying the holder&#8217;s depositary shares should be voted. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Conversion or Exchange Rights</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If any series of preferred stock underlying the depositary shares is subject to conversion or exchange, the applicable prospectus supplement will describe the rights or obligations of each record holder of depositary receipts to convert or exchange the depositary shares. </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">17</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDOSR">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Redemption</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If the series of the preferred stock underlying the depositary shares is subject to redemption, all or a part of the depositary shares will be redeemed from the redemption proceeds of that series of the preferred stock held by the depositary. The redemption price per depositary share will bear the same relationship to the redemption price per share of preferred stock that the depositary share bears to the underlying preferred stock. Whenever we redeem preferred stock held by the depositary, the depositary will redeem, as of the same redemption date, the number of depositary shares representing the preferred stock redeemed. If less than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or </font><font style="font-style:italic;letter-spacing:0.2pt;">pro&#160;rata</font><font style="letter-spacing:0.2pt;"> as determined by the depositary. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">After the date fixed for redemption, the depositary shares called for redemption will no longer be outstanding. When the depositary shares are no longer outstanding, all rights of the holders will cease, except the right to receive money or other property that the holders of the depositary shares were entitled to receive upon the redemption. Payments will be made when holders surrender their depositary receipts to the depositary. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Taxation</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Owners of depositary shares will be treated for U.S. federal income tax purposes as if they were owners of the preferred stock represented by the depositary shares. If necessary, the applicable prospectus supplement will provide a description of U.S. federal income tax consequences relating to the purchase and ownership of the depositary shares and the preferred stock represented by the depositary shares. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Amendment and Termination of the Deposit Agreement</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The form of depositary receipt evidencing the depositary shares and any provision of the deposit agreement may be amended by agreement between us and the depositary at any time. However, certain amendments as specified in the applicable prospectus supplement will not be effective unless approved by the record holders of at least a majority of the depositary shares then-outstanding. A deposit agreement may be terminated by us or the depositary only if: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">all outstanding depositary shares relating to the deposit agreement have been redeemed; or </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.9pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">there has been a final distribution on the preferred stock of the relevant series in connection with our liquidation, dissolution or winding up of our business and the distribution has been distributed to the holders of the related depositary shares. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Charges of Depositary</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We will pay all transfer and other taxes and governmental charges arising solely from the existence of the depositary arrangements. We will pay associated charges of the depositary for the initial deposit of the preferred stock and any redemption of the preferred stock. Holders of depositary shares will pay transfer and other taxes and governmental charges and any other charges that are stated to be their responsibility in the deposit agreement. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Resignation and Removal of Depositary</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The depositary may resign at any time by delivering notice to us. We may also remove the depositary at any time. Resignations or removals will take effect when a successor depositary is appointed and it accepts the appointment. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Subscription Rights</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The following is a summary of the general terms of the subscription rights to purchase common stock or other securities that we may offer to stockholders using this prospectus. This summary does not purport to be complete in all respects and is subject to and qualified entirely by reference to the applicable forms of subscription agent agreement and subscription certificate for a full understanding of all terms of any series of subscription rights. The forms of the subscription agent agreement and the subscription certificate </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">18</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDOSP">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">will be filed with the SEC as an exhibit to the registration statement of which this prospectus is a part or as an exhibit to a filing incorporated by reference in the registration statement. See &#8220;Where You Can Find More Information&#8221; for information on how to obtain copies. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Subscription rights may be issued independently or together with any other security and may or may not be transferable. As part of any subscription rights offering, we may enter into a standby underwriting or other arrangement under which the underwriters or any other person would purchase any securities that are not purchased in such subscription rights offering. If we issue subscription rights, they will be governed by a separate subscription agent agreement that we will sign with a bank or trust company, as rights agent, that will be named in the applicable prospectus supplement. The rights agent will act solely as our agent and will not assume any obligation to any holders of subscription rights certificates or beneficial owners of subscription rights. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The prospectus supplement relating to any subscription rights we offer will describe the specific terms of the offering and the subscription rights, including the record date for stockholders entitled to the subscription rights distribution, the number of subscription rights issued and the number of shares of common stock or other securities that may be purchased upon exercise of the subscription rights, the exercise price of the subscription rights, the date on which the subscription rights will become effective and the date on which the subscription rights will expire, and any material U.S. federal income tax considerations. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">In general, a subscription right entitles the holder to purchase for cash a specific number of shares of common stock or other securities at a specified exercise price. The rights are normally issued to stockholders as of a specific record date, may be exercised only for a limited period of time and become void following the expiration of such period. If we determine to issue subscription rights, we will accompany this prospectus with a prospectus supplement that will describe, among other things: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.81pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the record date for stockholders entitled to receive the subscription rights; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the number of shares of common stock or other securities that may be purchased upon exercise of each subscription right; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the exercise price of the subscription rights; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the subscription rights are transferable; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the period during which the subscription rights may be exercised and when they will expire; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the steps required to exercise the subscription rights; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether the subscription rights include &#8220;oversubscription rights&#8221; so that the holder may purchase more securities if other holders do not purchase their full allotments; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.81pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">whether we intend to sell the shares of common stock or other securities that are not purchased in the rights offering to an underwriter or other purchaser under a contractual &#8220;standby&#8221; commitment or other arrangement. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If fewer than all of the subscription rights issued in any rights offering are exercised, we may offer any unsubscribed securities directly to persons other than stockholders, to or through agents, underwriters or dealers or through a combination of such methods, including pursuant to standby arrangements, as described in the applicable prospectus supplement. After the close of business on the expiration date of a subscription rights offering, all unexercised subscription rights will become void. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Stock Purchase Contracts and Stock Purchase Units</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may issue stock purchase contracts, including contracts obligating holders to purchase from us, and us to sell to the holders, a specified number of shares of our common stock or preferred stock at a future date or dates, which we refer to in this prospectus as &#8220;Stock Purchase Contracts.&#8221; The price per share, and number of shares, of our common stock or preferred stock may be fixed at the time the Stock Purchase Contracts are issued or may be determined by reference to a specific formula set forth in the Stock Purchase Contracts. The Stock Purchase Contracts may be issued separately or as a part of&#160;units consisting of a Stock Purchase Contract and our debt securities or debt obligations of third parties, including Treasury securities, securing the holders&#8217; obligations to purchase the shares of our common stock under the Stock Purchase </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">19</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tDOU">&#8203;</a><a name="tPOD">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Contracts, which we refer to in this prospectus as &#8220;Stock Purchase Units.&#8221; The Stock Purchase Contracts may require holders to secure their obligations thereunder in a specified manner. The Stock Purchase Contracts also may require us to make periodic payments to the holders of the Stock Purchase Units or vice-versa and such payments may be unsecured or prefunded on some basis. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The applicable prospectus supplement will describe the terms of any Stock Purchase Contracts or Stock Purchase Units. The description in the prospectus supplement will not necessarily be complete, and reference will be made to the Stock Purchase Contracts, and, if applicable, collateral or depositary arrangements, relating to the Stock Purchase Contracts or Stock Purchase Units. Material U.S. federal income tax considerations applicable to the Stock Purchase Units and the Stock Purchase Contracts will also be discussed in the applicable prospectus supplement. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Description of Units</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">As specified in the applicable prospectus supplement, we may issue&#160;units consisting of one or more debt securities, shares of common stock, shares of preferred stock, depositary shares, warrants or other securities, or any combination of such securities, including guarantees of any securities. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">A prospectus supplement and any other offering materials relating to any&#160;units issued under the registration statement containing this prospectus will specify the terms of the&#160;units, including: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the terms of the&#160;units and of any of the debt securities, common stock, preferred stock, depositary shares, warrants and guarantees comprising the&#160;units, including whether and under what circumstances the securities comprising the&#160;units may be traded separately; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a description of the terms of any unit agreement governing the&#160;units; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.81pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">a description of the provisions for the payment, settlement, transfer or exchange of the&#160;units. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Plan of Distribution</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may sell the securities covered by this prospectus from time to time at market prices prevailing at the time of sale, at prices related to such prevailing market prices at the time of sale, at negotiated prices or at fixed prices, which may change from time to time. We may sell the securities directly to one or more purchasers, through agents, to dealers, through underwriters, brokers or dealers, or through a combination of any of these sales methods or through any other method permitted by law (including in &#8220;at the market&#8221; equity offerings as defined in Rule&#160;415 of the Securities Act). We reserve the right to accept or reject, in whole or in part, any proposed purchase of securities, whether the purchase is to be made directly or through agents. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Each time that we use this prospectus to sell our securities, we will also provide a prospectus supplement, if required, that contains the specific terms of the offering, including: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the name or names of the underwriters, dealers or agents, if any, and the types and amounts of securities underwritten or purchased by each of them; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the public offering price of the securities and the proceeds we will receive from the sale; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any over-allotment options under which underwriters may purchase additional securities from us; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any agency fees or underwriting discounts or other items constituting agents&#8217; or underwriters&#8217; compensation; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.8pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any discounts, commissions or concessions allowed or reallowed or paid to dealers; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:5.81pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:5.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any securities exchange or market on which the securities may be listed. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Only underwriters that we have named in a prospectus supplement will be underwriters of the securities offered by that prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">If underwriters are used in the sale, they will acquire the securities for their own account and may resell the securities from time to time in one or more transactions at a fixed public offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities will be </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">20</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tLEMA">&#8203;</a><a name="tEXP">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">subject to the conditions set forth in the applicable underwriting agreement. We may offer the securities to the public through underwriting syndicates represented by managing underwriters or by underwriters without a syndicate. Subject to certain conditions, the underwriters will be obligated to purchase all of the securities offered by the prospectus supplement, other than securities covered by any over-allotment option. Any public offering price and any discounts or concessions allowed or reallowed or paid to dealers may change from time to time. We may use underwriters with whom we have a material relationship. We will describe any such material relationship in the prospectus supplement, naming the underwriterand the nature of any such relationship. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may sell securities directly or through agents we designate from time to time. We will name any agent involved in the offering and sale of securities and we will describe any commissions we will pay the agent in the prospectus supplement. Unless the prospectus supplement states otherwise, our agent will act on a best-efforts basis for the period of its appointment. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may authorize agents or underwriters to solicit offers by certain types of institutional investors to purchase securities from us at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. We will describe the conditions to these contracts and the commissions we must pay for solicitation of these contracts in the applicable prospectus supplement. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">We may provide agents and underwriters with indemnification against civil liabilities, including liabilities under the Securities Act, or contribution with respect to payments that the agents or underwriters may make with respect to these liabilities. Agents and underwriters may engage in transactions with, or perform services for, us in the ordinary course of business. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">All securities we may offer, other than common stock or other outstanding securities, will be new issues of securities with no established trading market. Any underwriters may make a market in these securities, but will not be obligated to do so and may discontinue any market making at any time without notice. We cannot guarantee the liquidity of the trading markets for any securities. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Any underwriter may engage in over-allotment, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation&#160;M under the Exchange Act. Over-allotment involves sales in excess of the offering size, which create a short position. Stabilizing transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum price. Syndicate-covering or other short-covering transactions involve purchases of the securities, either through exercise of the over-allotment option or in the open market after the distribution is completed, to cover short positions. Penalty bids permit the underwriters to reclaim a selling concession from a dealer when the securities originally sold by the dealer are purchased in a stabilizing or covering transaction to cover short positions. Those activities may cause the price of the securities to be higher than it would otherwise be. If commenced, the underwriters may discontinue any of the activities at any time. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Under the securities laws of some states, to the extent applicable, the securities may be sold in such states only through registered or licensed brokers or dealers. In addition, if our common stock is no longer listed on the Nasdaq Capital Market or another national securities exchange, in some states the securities may not be sold unless such securities have been registered or qualified for sale in such state or an exemption from registration or qualification is available and is complied with. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Legal Matters</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Certain legal matters in connection with any offering of securities made by this prospectus will be passed upon for us by our counsel, Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP of Chicago, Illinois. If the securities are being distributed in an underwritten offering, certain legal matters will be passed upon for the underwriters by counsel identified in the related prospectus supplement. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Experts</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The consolidated financial statements of Alerus Financial Corporation and subsidiaries as of December&#160;31, 2022 and 2021, and for each of the&#160;years in the three-year period ended December&#160;31, 2022, have been incorporated by reference herein in reliance upon the reports of CliftonLarsonAllen LLP, an </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">21</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tWYCF">&#8203;</a><a name="tIOCI">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Where You Can Find More Information</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">We are subject to the informational requirements of the Exchange Act and file with the SEC proxy statements, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as required of a U.S. listed company. Our SEC filings are available to the public from the SEC&#8217;s web site at www.sec.gov or on our website at www.alerus.com. However, except for those SEC filings incorporated by reference in this prospectus, the information on, or that can be accessible through, our website does not constitute a part of, and is not incorporated by reference in, this prospectus. Written requests for copies of the documents we file with the SEC should be directed to Alerus Financial Corporation, 401&#160;Demers Avenue, Grand Forks, North Dakota 58201, Attention: Secretary, telephone: (701) 795-3200. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">This prospectus is part of a registration statement on Form S-3 filed by us with the SEC under the Securities Act. As permitted by the SEC, this prospectus does not contain all the information in the registration statement filed with the SEC. For a more complete understanding of this offering, you should refer to the complete registration statement, including exhibits, on Form S-3 that may be obtained as described above. Statements contained in this prospectus about the contents of any contract or other document are not necessarily complete. If we have filed any contract or other document as an exhibit to the registration statement or any other document incorporated by reference in the registration statement, you should read the exhibit for a more complete understanding of the contract or other document or matter involved. Each statement regarding a contract or other document is qualified in its entirety by reference to the actual contract or other document. </font>
        </div>
        <div style="margin-top:12pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Incorporation of Certain Information by Reference</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The SEC allows us to incorporate by reference the information that we file with it into this prospectus, which means that we can disclose important information to you by referring you to other documents. The information incorporated by reference is an important part of this prospectus. We incorporate by reference the following documents and any future filings made with the SEC under Sections&#160;13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and prior to the termination of this offering, as well as any filings after the date of this registration statement of which this prospectus forms a part and prior to the effectiveness of such registration statement, but excluding, in each case, information &#8220;furnished&#8221; rather than &#8220;filed&#8221; and information that is modified or superseded by subsequently filed documents prior to the termination of this offering: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;"><a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023003515/alrs-20221231x10k.htm">our Annual Report on Form 10-K for the year ended December&#160;31, 2022, filed with the SEC on March&#160;13, 2023;</a> </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our Quarterly Report on Form 10-Q for the quarter ended March&#160;31, 2023, filed with the SEC on <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023008501/alrs-20230331x10q.htm">May&#160;8, 2023</a>, and our Quarterly Report on Form 10-Q for the quarter ended June&#160;30, 2023, filed with the SEC on <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023013183/alrs-20230630x10q.htm">August&#160;3, 2023</a>; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">our Current Reports on Form 8-K filed with the SEC on <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023001612/alrs-20230221x8k.htm">February&#160;21, 2023</a>, <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023009087/alrs-20230510x8k.htm">May&#160;10, 2023</a>, <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023009311/alrs-20230508x8k.htm">May&#160;11, 2023</a>, <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000110465923085309/tm2322298d1_8k.htm">July&#160;28, 2023</a>, and <a style="-sec-extract:exhibit" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/903419/000155837023015260/alrs-20230824x8k.htm">August&#160;24, 2023</a>; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:6pt; margin-bottom:0pt; text-align:left; width:10pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">&#8226;</font>
          <br >
        </div>
        <div style=" margin-top:6pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:30pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the description of the Company&#8217;s common stock contained in the <a style="-sec-extract:exhibit" href="https://www.sec.gov/Archives/edgar/data/903419/000110465919049102/a19-8381_68a12b.htm">Registration Statement filed on Form 8-A with the SEC on September&#160;6, 2019, pursuant to Section&#160;12 of the Exchange Act (File No.&#160;001-39036)</a>, including any amendment or report filed for the purpose of updating such description. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Any statement contained in this prospectus or in a document incorporated or deemed to be incorporated by reference into this prospectus shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in any subsequently filed document which also is, or is deemed to be, incorporated by reference in this prospectus modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus. </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">22</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Helvetica, Arial, sans-serif;font-size:9pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-bottom:512pt;margin-left:69.66pt;width:456pt;">
        <div style="text-indent:20pt; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">We will provide to each person, including any beneficial owner, to whom a copy of this prospectus is delivered, without charge, upon written or oral request, a copy of any or all of the documents that are incorporated by reference into this prospectus and a copy of any or all other contracts or documents which are referred to in this prospectus but not delivered with this prospectus. Requests should be directed to: </font>
        </div>
        <div style="margin-top:8pt; text-align:center; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">Alerus Financial Corporation </font>
          <br >
          <font style="letter-spacing:0.2pt;">Attention: Secretary </font>
          <br >
          <font style="letter-spacing:0.2pt;">401 Demers Avenue </font>
          <br >
          <font style="letter-spacing:0.2pt;">Grand Forks, North Dakota 58201 </font>
          <br >
          <font style="letter-spacing:0.2pt;">Telephone number: (701) 795-3200</font>
        </div>
      </div>
      <div style="margin-top:0pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">23</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:11.5pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">PART II</font>
          <br >
          <font style="letter-spacing:-0.2pt;">INFORMATION NOT REQUIRED IN PROSPECTUS</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Item&#160;14.&nbsp;&nbsp;&nbsp;Other Expenses of Issuance and Distribution</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">The following table sets forth our estimated expenses to be incurred in connection with the issuance and distribution of the securities being registered, other than underwriting discounts and commissions. We will pay all of these expenses. </font>
        </div>
        <table style="width:416pt;height:115pt;margin-left:20pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">SEC Registration Fee </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt 0pt 1pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">$0.00</font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Trustee Fees </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Printing Expenses </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Rating Agency Fees </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Legal Fees and Expenses </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Accounting Fees and Expenses </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;background-color:#CCEEFF;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="white-space:nowrap;">
                <font style="letter-spacing:0.2pt;">Miscellaneous </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">* </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:381.29pt;">
              <div style="margin-left:10pt;">
                <font style="letter-spacing:0.2pt;">Total </font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:22.71pt;text-align:center;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">*</font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
        <div style="margin-top:12.4pt; width:456pt;">
          <div style="margin-left: 0pt; width: 108pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style=" float:left; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">*</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:20pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">These fees are not presently known and cannot be estimated at this time, as they will be based upon, among other things, the amount and type of security being offered as well as the number of offerings. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Item&#160;15.&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Delaware Law</font><font style="letter-spacing:0.2pt;">.&nbsp;&nbsp;&nbsp;Section&#160;102(b)(7) of the DGCL permits a corporation to provide in its certificate of incorporation that a director or officer of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, except for liability (i)&#160;for any breach of the director&#8217;s or officer&#8217;s duty of loyalty to the corporation or its stockholders, (ii)&#160;for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii)&#160;for directors, under Section&#160;174 of the DGCL (regarding, among other things, the payment of unlawful dividends or unlawful stock purchases or redemptions), (iv)&#160;for any transaction from which the director or officer derived an improper personal benefit or (v)&#160;for an officer, in any action by or in right of the corporation. Our Certificate of Incorporation provides for such limitation of liability for directors. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Section&#160;145(a) of the DGCL empowers a corporation to indemnify any director, officer, employee or agent, or former director, officer, employee or agent, who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of such person&#8217;s service as a director, officer, employee or agent of the corporation, or such person&#8217;s service, at the corporation&#8217;s request, as a director, officer, employee or agent of another corporation, partnership joint venture, trust or other enterprise, against expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding; provided that such director or officer acted in good faith and in a manner such director or officer reasonably believed to be in or not opposed to the best interests of the corporation; and, with respect to any criminal action or proceeding, provided that such director or officer had no reasonable cause to believe his conduct was unlawful. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Section&#160;145(b) of the DGCL empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys&#8217; fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which such person shall </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-1</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">have been adjudged to be liable to the corporation unless and only to the extent that the Delaware Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses that the court shall deem proper. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">Section&#160;145(c) provides that to the extent a present or former director or officer of a corporation has been successful on the merits or in the defense of any action, suit or proceeding referred to above, or in the defense of any claim, issue or matter therein, he or she shall be indemnified against expenses (including attorneys&#8217; fees) actually and reasonably incurred by him or her in connection therewith </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Certificate of Incorporation and Bylaws.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;Article&#160;VII of the Company&#8217;s Certificate of Incorporation and Section&#160;6.2 of the Company&#8217;s Bylaws provide that, subject to the limits of applicable federal banking laws and regulations, the present and former directors and officers of the Company shall be indemnified by the Company to the fullest extent permitted by the DGCL. Section&#160;6.4 of the Company&#8217;s Bylaws provides that, subject to the limits of applicable federal banking laws and regulations, we are required to advance certain expenses (including attorneys&#8217; fees) to our current and former directors and officers arising from any pending or threatened action, suit or proceeding related to such officer&#8217;s or director&#8217;s service to the Company. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The foregoing description of the Company&#8217;s Certificate of Incorporation and Bylaws is qualified in its entirety by reference to each such document, which are listed as Exhibits&#160;3.1 and 3.2 respectively, hereto. </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:12pt;">
          <font style="font-style:italic;font-weight:bold;letter-spacing:-0.2pt;">Liability Insurance</font><font style="font-weight:bold;letter-spacing:-0.2pt;">.</font><font style="letter-spacing:0.2pt;">&nbsp;&nbsp;&nbsp;The Company maintains directors&#8217; and officers&#8217; liability insurance which covers certain liabilities and expenses of its directors and officers and covers it for reimbursement of payments to our directors and officers in respect of such liabilities and expenses, in each case subject to certain limits and exceptions. </font>
        </div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Item&#160;16.&nbsp;&nbsp;&nbsp;Exhibits</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <table style="width:456pt;height:326.5pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
          <tr style="line-height:9pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.167pt 0pt; width:36pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:-0.16pt;">Exhibit</font>
                <br >
                <font style="letter-spacing:-0.16pt;">Number </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.167pt 0pt; width:408pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Description of Exhibits </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.25pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">1.1* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.25pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Underwriting Agreement. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">1.2* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Placement Agent Agreement </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;letter-spacing:0.2pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">3.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:408pt;white-space:normal;">
              <a style="-sec-extract:exhibit" href="https://www.sec.gov/Archives/edgar/data/903419/000104746919004787/a2239413zex-3_1.htm">Third Amended and Restated Certificate of Incorporation of Alerus Financial Corporation (incorporated herein by reference to Exhibit&#160;3.1 of the Company&#8217;s Registration Statement on Form S-1 filed on August&#160;16, 2019).</a>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;letter-spacing:0.2pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">3.2 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:408pt;white-space:normal;">
              <a style="-sec-extract:exhibit" href="https://www.sec.gov/Archives/edgar/data/903419/000104746919004787/a2239413zex-3_2.htm">Second Amended and Restated Bylaws of Alerus Financial Corporation (incorporated herein by reference to Exhibit&#160;3.2 of the Company&#8217;s Registration Statement on Form S-1 filed on August&#160;16, 2019).</a>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:408pt;white-space:normal;">
              <div style="letter-spacing:0.2pt;">
                <a style="-sec-extract:exhibit" href="https://www.sec.gov/Archives/edgar/data/903419/000155837020003143/alrs-20191231ex417d13cee.htm">Description of Capital Stock (incorporated herein by reference to Exhibit&#160;4.1 on Form 10-K Filed on March&#160;26, 2020).</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;letter-spacing:0.2pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.2 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:2.167pt 0pt 0.5pt 0pt; width:408pt;white-space:normal;">
              <a style="-sec-extract:exhibit" href="https://www.sec.gov/Archives/edgar/data/903419/000104746919004787/a2239413zex-4_1.htm">Specimen Stock Certificate representing Alerus Financial Corporation&#8217;s common stock (incorporated herein by reference to Exhibit&#160;4.1 of the Company&#8217;s Registration Statement on Form S-1 filed on August&#160;16, 2019).</a>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.3* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Certificate of Designations of Preferred Stock. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.4* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Preferred Stock Certificate. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.5* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Warrant and Warrant Certificate. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.6 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <div style="letter-spacing:0.2pt;">
                <a style="-sec-extract:exhibit" href="tm2325869d1_ex4-6.htm">Form of Indenture.</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.7* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Senior Debt Security. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.8* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Subordinated Debt Security. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.9* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Purchase Contract Agreement. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.10* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Depositary Agreement and Depositary Receipt. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.11* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 0.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Subscription Certificate. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-2</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <table style="width:456pt;height:137.5pt;margin-top:0pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
          <tr style="line-height:9pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.167pt 0pt; width:36pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:-0.16pt;">Exhibit</font>
                <br >
                <font style="letter-spacing:-0.16pt;">Number </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.167pt 0pt; width:408pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Description of Exhibits </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.25pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.12* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.25pt 0pt 1.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Subscription Agent Agreement. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">4.13* </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Form of Unit Agreement and Unit Certificate. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:10pt;letter-spacing:0.2pt;">5.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <div style="letter-spacing:0.2pt;">
                <a style="-sec-extract:exhibit" href="tm2325869d1_ex5-1.htm">Opinion of Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP.</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;letter-spacing:0.2pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:5pt;letter-spacing:0.2pt;">23.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <a style="-sec-extract:exhibit" href="tm2325869d1_ex23-1.htm">Consent of CliftonLarsonAllen LLP.</a>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:5pt;letter-spacing:0.2pt;">23.2 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <div style="letter-spacing:0.2pt;">
                <a style="-sec-extract:exhibit" href="tm2325869d1_ex5-1.htm">Consent of Barack Ferrazzano Kirschbaum &amp; Nagelberg LLP (included in Exhibit&#160;5.1).</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:5pt;letter-spacing:0.2pt;">24.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <div style="letter-spacing:0.2pt;">
                <a href="#tPOA">Power of Attorney (included on the signature page to the registration statement).</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="margin-left:5pt;letter-spacing:0.2pt;">25.1** </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <font style="letter-spacing:0.2pt;">Statement of Eligibility of Trustee on Form T-1 for the Indenture. </font>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:10pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:36pt;">
              <font style="letter-spacing:0.2pt;">107.1 </font>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:3.5pt 0pt 1.5pt 0pt; width:408pt;">
              <div style="letter-spacing:0.2pt;">
                <a style="-sec-extract:exhibit" href="tm2325869d1_exfilingfees.htm">Filing Fee Table</a>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
        <div style="margin-top:12.2pt; width:456pt;">
          <div style="margin-left: 0pt; width: 108pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style=" float:left; margin-top:7.7pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">*</font>
          <br >
        </div>
        <div style=" margin-top:7.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:20pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">To be filed either by amendment or as an exhibit to a report filed under the Exchange Act, and incorporated herein by reference. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; line-height:12pt; margin-top:3.7pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">**</font>
          <br >
        </div>
        <div style=" margin-top:3.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:20pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">To be filed separately under the electronic form type &#8220;305B2&#8221; pursuant to Section&#160;305(b)(2) of the Trust Indenture Act of 1939, as amended, if applicable. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:12pt; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">Item&#160;17.&nbsp;&nbsp;&nbsp;Undertakings</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="margin-left:20pt; margin-top:8pt; width:436pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">The undersigned registrant hereby undertakes: </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.7pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(1)</font>
          <br >
        </div>
        <div style=" margin-top:7.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.71pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(i)</font>
          <br >
        </div>
        <div style=" margin-top:7.71pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to include any prospectus required by Section&#160;10(a)(3) of the Securities Act; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.7pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(ii)</font>
          <br >
        </div>
        <div style=" margin-top:7.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule&#160;424(b) if, in the aggregate, the changes in volume and price represent no more than 20&#160;percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration statement; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.7pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(iii)</font>
          <br >
        </div>
        <div style=" margin-top:7.7pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-left:40pt; margin-top:8pt; width:416pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">provided, however, that paragraphs (1)(i), (1)(ii) and (1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section&#160;13 or Section&#160;15(d) of the Exchange Act, that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule&#160;424(b) that is part of the registration statement. </font>
        </div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.81pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(2)</font>
          <br >
        </div>
        <div style=" margin-top:7.81pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.8pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(3)</font>
          <br >
        </div>
        <div style=" margin-top:7.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.8pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(4)</font>
          <br >
        </div>
        <div style=" margin-top:7.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">That, for the purpose of determining liability under the Securities Act to any purchaser: </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.8pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(i)</font>
          <br >
        </div>
        <div style=" margin-top:7.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">each prospectus filed by the registrant pursuant to Rule&#160;424(b)(3) shall be deemed to be part </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-3</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-left:60pt; width:396pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and </font>
        </div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.8pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(ii)</font>
          <br >
        </div>
        <div style=" margin-top:7.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">each prospectus required to be filed pursuant to Rule&#160;424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule&#160;430B relating to an offering made pursuant to Rule&#160;415(a)(1)(i), (vii)&#160;or (x)&#160;for the purpose of providing the information required by Section&#160;10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule&#160;430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.8pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(5)</font>
          <br >
        </div>
        <div style=" margin-top:7.8pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to the registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(i)</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule&#160;424; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(ii)</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(iii)</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:40pt; line-height:12pt; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(iv)</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:60pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">any other communication that is an offer in the offering made by the undersigned registrant to the purchaser. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.9pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(6)</font>
          <br >
        </div>
        <div style=" margin-top:7.9pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">That, for purposes of determining any liability under the Securities Act, each filing of the registrant&#8217;s annual report pursuant to Section&#160;13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section&#160;15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:7.91pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">(7)</font>
          <br >
        </div>
        <div style=" margin-top:7.91pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:40pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">To file an application for the purpose of determining the eligibility of the trustee to act under subsection (a)&#160;of Section&#160;310 of the Trust Indenture Act of 1939 in accordance with the rules and regulations prescribed by the SEC under Section&#160;305(b)(2) of the Trust Indenture Act of 1939. </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the indemnification provisions described in Item&#160;15 above, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful </font>
        </div>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-4</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Helvetica, Arial, sans-serif;font-size:9pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-bottom:568pt;margin-left:69.66pt;width:456pt;">
        <div style="width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</font>
        </div>
      </div>
      <div style="margin-top:0pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;font-family:Times New Roman, Times, serif ;font-size:10pt;">
          <font style="letter-spacing:0.2pt;">II-5</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style="page-break-after:always; width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a><a name="tPOA">&#8203;</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-left:69.66pt;width:456pt;">
        <div style="text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">SIGNATURES</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Grand Forks, State of North Dakota, on September&#160;14, 2023. </font>
        </div>
        <div style="margin-left:20pt; margin-top:10.62pt; width:436pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">ALERUS FINANCIAL CORPORATION</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style=" float:left; line-height:12pt; margin-top:17.73pt; margin-bottom:0pt; text-align:left; width:20pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">By:&nbsp;&nbsp;&nbsp;</font>
          <br >
        </div>
        <div style=" margin-top:17.73pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:20pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">/s/ Katie A. Lorenson</font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-left:20pt; margin-top:1.01pt; width:436pt;">
          <div style="margin-left: 0pt; width: 192pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
        </div>
        <div style=" float:left; margin-left:20pt; margin-top:3.5pt; margin-bottom:0pt; text-align:left; width:36pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">Name:</font>
          <br >
        </div>
        <div style=" margin-top:3.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:56pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">Katie A. Lorenson </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style=" float:left; margin-left:20pt; line-height:12pt; margin-top:-0.5pt; margin-bottom:0pt; text-align:left; width:36pt;white-space:nowrap;">
          <font style="letter-spacing:0.2pt;">Title:</font>
          <br >
        </div>
        <div style=" margin-top:-0.5pt; margin-bottom:0pt; line-height:12pt; text-align:left; margin-left:56pt;">
          <!--blacklining:none;-->
          <font style="letter-spacing:0.2pt;">President and Chief Executive Officer </font>
        </div>
        <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">&#8203;</div>
        <div style="margin-top:10.62pt; text-align:center; width:456pt; line-height:12pt;font-weight:bold;">
          <font style="letter-spacing:-0.2pt;">POWER OF ATTORNEY</font><font style="font-weight:normal;letter-spacing:0.2pt;"> </font>
        </div>
        <div style="text-indent:20pt; margin-top:8pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Each person whose signature appears below hereby constitutes and appoints each of Katie A. Lorenson and Alan A. Villalon his true and lawful attorney-in-fact and agent, acting alone, with full power of substitution and resubstitution, to sign on his behalf, individually and in each capacity stated below, all amendments and post-effective amendments to this registration statement on Form S-3 (including any registration statement filed pursuant to Rule&#160;462(b) under the Securities Act, and all amendments thereto) and to file the same, with all exhibits thereto and any other documents in connection therewith, with the SEC under the Securities Act, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully and to all intents and purposes as each might or could do in person, hereby ratifying and confirming each act that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue thereof. </font>
        </div>
        <div style="text-indent:20pt; margin-top:7.51pt; width:456pt; line-height:11.5pt;">
          <font style="letter-spacing:0.2pt;">Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons in the capacities indicated on September&#160;14, 2023. </font>
        </div>
        <table style="width:456pt;height:331.5pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
          <tr style="line-height:8pt;min-height:9.25pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.5pt 0pt; width:222pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Signature </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.5pt 0pt; width:222pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Title </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:61.25pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:25.917pt 0pt 0.5pt 0pt; width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Katie A. Lorenson</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Katie A. Lorenson</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:25.917pt 0pt 0.5pt 0pt; width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director, President and Chief Executive Officer</font>
                <br >
                <font style="letter-spacing:0.2pt;">(Principal Executive Officer) </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Alan A. Villalon</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Alan A. Villalon</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Executive Vice President and Chief Financial Officer</font>
                <br >
                <font style="letter-spacing:0.2pt;">(Principal Financial Officer) </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Kari Koob</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Kari Koob</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director of Accounting</font>
                <br >
                <font style="letter-spacing:0.2pt;">(Principal Accounting Officer) </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Daniel E. Coughlin</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Daniel E. Coughlin</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Janet O. Estep</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Janet O. Estep</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Kevin D. Lemke</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Kevin D. Lemke</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:41pt;white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Michael S. Mathews</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Michael S. Mathews</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
      </div>
      <div style="margin-top:2.00000000000002pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-6</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
    <div style=" width:595.3pt;margin-left:auto;margin-right:auto;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
      <div style="padding:0pt;margin:0pt;font-family:calibri, arial, sans-serif;font-weight:normal;font-style:normal;font-size:8pt;line-height:8pt;">
        <a style="text-decoration:none;color:#003366;" href="#TOC">TABLE OF CONTENTS</a>
      </div>
      <div style="margin-top:15.85pt;height:24pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:17pt; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:6pt;margin-bottom:459.5pt;margin-left:69.66pt;width:456pt;">
        <table style="width:456pt;height:151.5pt;margin-top:0pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
          <tr style="line-height:8pt;min-height:9.25pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:8pt;">
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.5pt 0pt; width:222pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Signature </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:6pt;">&#8203;</td>
            <td style="border-bottom:1px solid #000000;padding:0pt 0pt 2.5pt 0pt; width:222pt;">
              <div style="white-space:nowrap; text-align:center;">
                <font style="letter-spacing:-0.16pt;">Title </font>
              </div>
            </td>
            <td style="padding:0pt;border-bottom:1px solid #FFFFFF; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:61.25pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style="padding:25.917pt 0pt 0.5pt 0pt; width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Randy L. Newman</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Randy L. Newman</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:25.917pt 0pt 0.5pt 0pt; width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:45pt; white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Galen G. Vetter</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Galen G. Vetter</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director </font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
          <tr style="line-height:12pt;height:41pt;white-space:normal;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;">
            <td style="padding:0pt; width:0pt;">&#8203;</td>
            <td style=" width:222pt;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">/s/ Mary E. Zimmer</font>
              </div>
              <div style="margin-top:2.5pt; text-align:justify;">
                <div style="margin-left: 0pt; width: 222pt; margin-top: 0pt; font-size: 1pt; line-height: 0pt; border-bottom: 1pt solid #000000; ">&#8203;</div>
              </div>
              <div style="margin-top:2pt; text-align:center;font-weight:bold;">
                <font style="letter-spacing:-0.2pt;">Mary E. Zimmer</font>
              </div>
            </td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style="padding:0pt; width:6pt;">&#8203;</td>
            <td style=" width:222pt;white-space:nowrap;">
              <div style="text-align:center;">
                <font style="letter-spacing:0.2pt;">Director</font>
              </div>
            </td>
            <td style="padding:0pt; width:0pt;">&#8203;</td>
          </tr>
        </table>
      </div>
      <div style="margin-top:0pt;height:12pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">&#160;</font>
          <br >
        </div>
      </div>
      <div style="margin-top:2pt;margin-bottom:21.86pt;margin-left:69.66pt;width:456pt;">
        <div style="margin-top:5pt; text-align:center; width:456pt; line-height:12pt;">
          <font style="letter-spacing:0.2pt;">II-7</font>
          <br >
        </div>
      </div>
      <hr >
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.6
<SEQUENCE>2
<FILENAME>tm2325869d1_ex4-6.htm
<DESCRIPTION>EXHIBIT 4.6
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 4.6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ALERUS FINANCIAL CORPORATION,</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>as Issuer</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>_______________,</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>as Trustee</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDENTURE</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Dated as of __________________, 20__</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CROSS REFERENCE SHEET*</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Provisions of Trust Indenture Act of 1939, as amended,
and Indenture to be dated as of __________, 20__ by and between Alerus Financial Corporation and ___________________, as Trustee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section of the Trust Indenture Act</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section of Indenture</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">310(a)(1), (2) and (5)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.09</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">310(a)(3) and (4)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">310(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.08 and 6.10(a), (b) and (d)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">311(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">311(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">312(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.01 and 4.02(a)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">312(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.02(a) and (b)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">312(c)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.02(c)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">313(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.04(a)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">313(b)(1)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">313(b)(2)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.04(a)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">313(c)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.04(a)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">313(d)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.04(b)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.03</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(c)(1) and (2)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.05</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(c)(3)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(d)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(e)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.05</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">314(f)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inapplicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">315(a), (c) and (d)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.01</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">315(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.11</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">315(e)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.12</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">316(a)(1)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.09 and 5.10</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">316(a)(2)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not required</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">316(a) (last sentence)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.04</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">316(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.07</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">316(c)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.06</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">317(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.02</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">317(b)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.04(a) and (b)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">318(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.07</FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">*</TD><TD>This Cross Reference Sheet is not part of the Indenture.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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">
    <TD STYLE="text-align: left">ARTICLE 1</TD>
    <TD COLSPAN="2" STYLE="text-align: left">DEFINITIONS</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 2</TD>
    <TD COLSPAN="2" STYLE="text-align: left">SECURITIES</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 13%">Section 2.01.</TD>
    <TD STYLE="text-align: left">Forms Generally</TD>
    <TD STYLE="text-align: right; width: 10%">5</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.02.</TD>
    <TD STYLE="text-align: left">Form of Trustee&rsquo;s Certificate of Authentication</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.03.</TD>
    <TD STYLE="text-align: left">Amount Unlimited; Issuable in Series</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.04.</TD>
    <TD STYLE="text-align: left">Authentication and Delivery of Securities</TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.05.</TD>
    <TD STYLE="text-align: left">Execution of Securities</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.06.</TD>
    <TD STYLE="text-align: left">Certificate of Authentication</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.07.</TD>
    <TD STYLE="text-align: left">Denomination and Date of Securities; Payments of Interest</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.08.</TD>
    <TD STYLE="text-align: left">Registration, Transfer and Exchange</TD>
    <TD STYLE="text-align: right">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.09.</TD>
    <TD STYLE="text-align: left">Mutilated, Defaced, Destroyed, Lost and Stolen Securities</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.10.</TD>
    <TD STYLE="text-align: left">&nbsp;Cancellation of Securities</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.11.</TD>
    <TD STYLE="text-align: left">Temporary Securities</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.12.</TD>
    <TD STYLE="text-align: left">Currency and Manner of Payments in Respect of Securities.</TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.13.</TD>
    <TD STYLE="text-align: left">Compliance with Certain Laws and Regulations</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.14.</TD>
    <TD STYLE="text-align: left">CUSIP Numbers</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.15.</TD>
    <TD STYLE="text-align: left">Securities in Global Form</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 2.16.</TD>
    <TD STYLE="text-align: left">Form of Conversion Notice</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 3</TD>
    <TD COLSPAN="2" STYLE="text-align: left">COVENANTS OF THE ISSUER</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.01.</TD>
    <TD STYLE="text-align: left">Payment of Principal and Interest</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.02.</TD>
    <TD STYLE="text-align: left">Offices for Payment, etc.</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.03.</TD>
    <TD STYLE="text-align: left">Appointment to Fill a Vacancy in Office of Trustee</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.04.</TD>
    <TD STYLE="text-align: left">Paying Agents</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.05.</TD>
    <TD STYLE="text-align: left">Additional Amounts</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 3.06.</TD>
    <TD STYLE="text-align: left">Calculation of Original Issue Discount</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 4</TD>
    <TD COLSPAN="2" STYLE="text-align: left">SECURITYHOLDERS&rsquo; LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 4.01.</TD>
    <TD STYLE="text-align: left">Company to Furnish Trustee Information as to Names and Addresses of Securityholders</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 4.02.</TD>
    <TD STYLE="text-align: left">Preservation and Disclosure of Securityholders&rsquo; Lists</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 4.03.</TD>
    <TD STYLE="text-align: left">Reports by the Company</TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 4.04.</TD>
    <TD STYLE="text-align: left">Reports by the Trustee</TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 5</TD>
    <TD COLSPAN="2" STYLE="text-align: left">REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT</TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.01.</TD>
    <TD STYLE="text-align: left">Event of Default Defined; Acceleration of Maturity; Waiver of Default</TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.02.</TD>
    <TD STYLE="text-align: left">Collection of Indebtedness by Trustee; Trustee May Prove Debt</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.03.</TD>
    <TD STYLE="text-align: left">Application of Proceeds</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.04.</TD>
    <TD STYLE="text-align: left">Suits for Enforcement</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.05.</TD>
    <TD STYLE="text-align: left">Restoration of Rights on Abandonment of Proceedings</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.06.</TD>
    <TD STYLE="text-align: left">Limitations on Suits by Securityholders</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.07.</TD>
    <TD STYLE="text-align: left">Unconditional Right of Securityholders to Institute Certain Suits</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.08.</TD>
    <TD STYLE="text-align: left">Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.09.</TD>
    <TD STYLE="text-align: left">Control by Securityholders</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.10.</TD>
    <TD STYLE="text-align: left">Waiver of Past Defaults</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.11.</TD>
    <TD STYLE="text-align: left">Trustee to Give Notice of Default, But May Withhold in Certain Circumstances</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 5.12.</TD>
    <TD STYLE="text-align: left">Right of Court to Require Filing of Undertaking to Pay Costs</TD>
    <TD STYLE="text-align: right">27</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 3; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 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">
    <TD STYLE="text-align: left">ARTICLE 6</TD>
    <TD COLSPAN="2" STYLE="text-align: left">CONCERNING THE TRUSTEE</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 13%">Section 6.01.</TD>
    <TD STYLE="text-align: left">Duties and Responsibilities of the Trustee; During Default; Prior to Default</TD>
    <TD STYLE="text-align: right; width: 10%">27</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.02.</TD>
    <TD STYLE="text-align: left">Certain Rights of the Trustee</TD>
    <TD STYLE="text-align: right">28</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.03.</TD>
    <TD STYLE="text-align: left">Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.04.</TD>
    <TD STYLE="text-align: left">Trustee and Agents May Hold Securities; Collections, etc.</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.05.</TD>
    <TD STYLE="text-align: left">Moneys Held by Trustee</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.06.</TD>
    <TD STYLE="text-align: left">Compensation and Indemnification of Trustee and Its Prior Claim</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.07.</TD>
    <TD STYLE="text-align: left">Right of Trustee to Rely on Officers&rsquo; Certificate, etc.</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.08.</TD>
    <TD STYLE="text-align: left">Disqualification of Trustee; Conflicting Interests</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.09.</TD>
    <TD STYLE="text-align: left">Persons Eligible for Appointment as Trustee</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.10.</TD>
    <TD STYLE="text-align: left">Resignation and Removal; Appointment of Successor Trustee</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.11.</TD>
    <TD STYLE="text-align: left">Acceptance of Appointment by Successor Trustee</TD>
    <TD STYLE="text-align: right">31</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.12.</TD>
    <TD STYLE="text-align: left">Merger, Conversion, Consolidation or Succession to Business of Trustee</TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 6.13.</TD>
    <TD STYLE="text-align: left">Preferential Collection of Claims Against the Company</TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 7</TD>
    <TD COLSPAN="2" STYLE="text-align: left">CONCERNING THE SECURITYHOLDERS</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.01.</TD>
    <TD STYLE="text-align: left">Evidence of Action Taken by Securityholders</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.02.</TD>
    <TD STYLE="text-align: left">Proof of Execution of Instruments</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.03.</TD>
    <TD STYLE="text-align: left">Holders to Be Treated as Owners</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.04.</TD>
    <TD STYLE="text-align: left">Securities Owned by Company Deemed Not Outstanding</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.05.</TD>
    <TD STYLE="text-align: left">Right of Revocation of Action Taken</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 7.06.</TD>
    <TD STYLE="text-align: left">Record Date for Determination of Holders Entitled to Vote</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 8</TD>
    <TD COLSPAN="2" STYLE="text-align: left">SUPPLEMENTAL INDENTURES</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 8.01.</TD>
    <TD STYLE="text-align: left">Supplemental Indentures Without Consent of Securityholders</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 8.02.</TD>
    <TD STYLE="text-align: left">Supplemental Indentures With Consent of Securityholders</TD>
    <TD STYLE="text-align: right">35</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 8.03.</TD>
    <TD STYLE="text-align: left">Effect of Supplemental Indenture</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 8.04.</TD>
    <TD STYLE="text-align: left">Documents to Be Given to Trustee</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 8.05.</TD>
    <TD STYLE="text-align: left">Notation on Securities in Respect of Supplemental Indentures</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 9</TD>
    <TD COLSPAN="2" STYLE="text-align: left">CONSOLIDATION, MERGER, SALE OR CONVEYANCE</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 9.01.</TD>
    <TD STYLE="text-align: left">Company May Consolidate, etc., on Certain Terms</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 9.02.</TD>
    <TD STYLE="text-align: left">Successor Corporation Substituted</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 9.03.</TD>
    <TD STYLE="text-align: left">Opinion of Counsel to Trustee</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 10</TD>
    <TD COLSPAN="2" STYLE="text-align: left">SATISFACTION AND DISCHARGE; DEFEASANCE</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.01.</TD>
    <TD STYLE="text-align: left">Satisfaction and Discharge of Indenture</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.02.</TD>
    <TD STYLE="text-align: left">Defeasance and Covenant Defeasance.</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.03.</TD>
    <TD STYLE="text-align: left">Application by Trustee of Funds Deposited for Payment of Securities</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.04.</TD>
    <TD STYLE="text-align: left">Repayment of Moneys Held by Paying Agent</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.05.</TD>
    <TD STYLE="text-align: left">Return of Unclaimed Moneys Held by Trustee and Paying Agent</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 10.06.</TD>
    <TD STYLE="text-align: left">Reinstatement of Obligations</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 11</TD>
    <TD COLSPAN="2" STYLE="text-align: left">REDEMPTION OF SECURITIES</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.01.</TD>
    <TD STYLE="text-align: left">Notice of Redemption; Partial Redemptions</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.02.</TD>
    <TD STYLE="text-align: left">Payment of Securities Called for Redemption</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.03.</TD>
    <TD STYLE="text-align: left">Exclusion of Certain Securities from Eligibility for Selection for Redemption</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 11.04.</TD>
    <TD STYLE="text-align: left">Repayment at the Option of the Holders</TD>
    <TD STYLE="text-align: right">42</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 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">
    <TD STYLE="text-align: left">ARTICLE 12</TD>
    <TD COLSPAN="2" STYLE="text-align: left">HOLDERS&rsquo; MEETINGS</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 13%">Section 12.01.</TD>
    <TD STYLE="text-align: left">Purposes of Meetings</TD>
    <TD STYLE="text-align: right; width: 10%">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.02.</TD>
    <TD STYLE="text-align: left">Call of Meetings by Trustee</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.03.</TD>
    <TD STYLE="text-align: left">Call of Meetings by Company or Holders</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.04.</TD>
    <TD STYLE="text-align: left">Qualifications for Voting</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.05.</TD>
    <TD STYLE="text-align: left">Regulations</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.06.</TD>
    <TD STYLE="text-align: left">Voting</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 12.07.</TD>
    <TD STYLE="text-align: left">No Delay of Rights by Meeting</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 13</TD>
    <TD COLSPAN="2" STYLE="text-align: left">SECURITY</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">ARTICLE 14</TD>
    <TD COLSPAN="2" STYLE="text-align: left">MISCELLANEOUS PROVISIONS</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">Section 14.01.</TD>
    <TD STYLE="text-align: left">Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.02.</TD>
    <TD STYLE="text-align: left">Provisions of Indenture for the Sole Benefit of Parties and Securityholders</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.03.</TD>
    <TD STYLE="text-align: left">Successors and Assigns of Company Bound by Indenture</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.04.</TD>
    <TD STYLE="text-align: left">Notices and Demands on Company, Trustee and Securityholders</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.05.</TD>
    <TD STYLE="text-align: left">Officers&rsquo; Certificates and Opinions of Counsel; Statements to Be Contained Therein</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.06.</TD>
    <TD STYLE="text-align: left">Payments Due on Saturdays, Sundays and Holidays</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.07.</TD>
    <TD STYLE="text-align: left">Conflict of Any Provision of Indenture with Trust Indenture Act</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.08.</TD>
    <TD STYLE="text-align: left">New York Law to Govern</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.09.</TD>
    <TD STYLE="text-align: left">Counterparts</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.10.</TD>
    <TD STYLE="text-align: left">Effect of Headings</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.11.</TD>
    <TD STYLE="text-align: left">Determination of Principal Amount</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.12.</TD>
    <TD STYLE="text-align: left">Waiver</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.13.</TD>
    <TD STYLE="text-align: left">Force Majeure</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section 14.14.</TD>
    <TD STYLE="text-align: left">Waiver of Jury Trial</TD>
    <TD STYLE="text-align: right">47</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS INDENTURE, dated as of ____________, 20__,
is by and between Alerus Financial Corporation, a Delaware corporation, and ___________________________, as Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company (as defined herein) has duly authorized the execution and delivery of this Indenture (as defined herein) in order to issue from
time to time its debentures, notes or other evidences of indebtedness in one or more Series (as defined herein) in accordance with the
terms of this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
things necessary to make this Indenture a valid agreement of the Company according to its terms have been done.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AGREEMENT</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In consideration of the recitals and the purchases
of the Securities (as defined herein) by the Holders (as defined herein) thereof, the Company and the Trustee (as defined herein) mutually
covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of the Securities as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
1</U></B></FONT><U><BR>
</U>DEFINITIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following terms (except as herein otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this
Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Article </FONT>1. Certain terms
used principally in certain Articles or Sections hereof are defined in those Articles or Sections, as the case may be. All terms used
but not defined in this Indenture that are defined in the Trust Indenture Act (as defined herein) or the definitions of which in the Securities
Act (as defined herein) are referred to in the Trust Indenture Act, including terms defined therein by reference to the Securities Act
(except as herein otherwise expressly provided or unless the context otherwise clearly requires), shall have the meanings assigned to
such terms in the Trust Indenture Act and in the Securities Act. Unless the context otherwise clearly requires: (a) all accounting terms
used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting
principles, and the term &ldquo;generally accepted accounting principles&rdquo; means such accounting principles as are generally accepted
in the United States of America (as defined herein) at the time of any computation; (b) the words &ldquo;herein,&rdquo; &ldquo;hereof&rdquo;
and &ldquo;hereunder&rdquo; and other words of similar import refer to this Indenture as a whole, as supplemented and amended from time
to time, and not to any particular Article, Section or other subdivision; (c) all references to Articles, Sections or other subdivisions
are to Articles, Sections or other subdivisions of this Indenture; (d) words in the singular include the plural and vice versa; (e) the
pronoun &ldquo;his&rdquo; refers to the masculine, feminine and neuter; (f) the word &ldquo;including&rdquo; or any variation thereof
shall be deemed to be followed by &ldquo;but not limited to&rdquo; and (g) the word &ldquo;principal,&rdquo; whenever used with reference
to the Securities or any Security or any portion thereof, shall be deemed to be followed by &ldquo;and premium, if any.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Additional
Amounts</B>&rdquo; has the meaning specified in </FONT>Section 3.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo; means any calendar
day that is not a Saturday, Sunday or legal holiday in New York, New York, and on which the Trustee and commercial banks are open for
business in New York, New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Capital Stock</B>&rdquo; means any and
all shares, interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including
each class of Common Stock and Preferred Stock, and all options, warrants or other rights to purchase or acquire any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Commission</B>&rdquo; means the Securities
and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time after the execution and delivery
of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the
body performing such duties on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Common Stock</B>&rdquo; includes any
stock of any class of the Company that has no preference in respect of dividends or of amounts payable in the event of any voluntary or
involuntary liquidation, dissolution or winding up of the Company and which is not subject to redemption by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Company</B>&rdquo; means Alerus Financial
Corporation, a Delaware corporation, until a successor Person shall have become such pursuant to the applicable provisions of this Indenture,
and thereafter &ldquo;Company&rdquo; will mean such successor Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Company Board of Directors</B>&rdquo;
means either the Board of Directors of the Company or any committee of such Board of Directors duly authorized to act hereunder, as the
case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Company Board Resolution</B>&rdquo; means
a copy of one or more resolutions certified by the secretary or any assistant secretary of the Company to have been duly adopted by the
Company Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Company Board Resolution (including the establishment of any Series
of the Securities and the forms and terms thereof), such action may be taken by any officer of the Company authorized to take such action
by the Company Board of Directors as evidenced by a Company Board Resolution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Company
Officers&rsquo; Certificate</B>&rdquo; means a certificate signed by both (a) the chief executive officer, the president or any vice president
of the Company and (b) the treasurer or any assistant treasurer or the secretary or any assistant secretary of the Company, and delivered
to the Trustee. Each such certificate shall include the statements provided for in </FONT>Section 14.05 to the extent applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Company Order</B>&rdquo; means a written
order, direction, instruction or request of the Company signed by both (a) the chief executive officer, the president or any vice president
of the Company and (b) the treasurer or any assistant treasurer or the secretary or any assistant secretary of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Conversion
Date&rdquo;</B> has the meaning specified in </FONT>Section 2.12(e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Conversion Event</B>&rdquo; means the
cessation of use of a Foreign Currency both by the government of the country or countries, or the confederation or association of governments,
that issued such Currency and for the settlement of transactions by a central bank or other public institutions of or within the international
banking community.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Corporate Trust Office</B>&rdquo; means
the office of the Trustee at which the corporate trust business of the Trustee shall, at any particular time, be principally administered,
which office is, at the date as of which this Indenture is dated, located at _________________.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Coupon</B>&rdquo; means any interest
coupon appertaining to any Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Coupon Security</B>&rdquo; means any
Security authenticated and delivered with one or more Coupons appertaining thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Currency</B>&rdquo; means any currency
or currencies issued by the government of one or more countries or by any confederation or association of such governments, including
Dollars, euros and pounds sterling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Currency
Determination Agent</B>&rdquo; means the New York clearing house bank, if any, from time to time selected by the Company for purposes
of </FONT>Section 2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Discount
Security</B>&rdquo; means any Security which provides for an amount less than the stated principal amount thereof to be due and payable
upon declaration of acceleration of the maturity thereof pursuant to Section&nbsp;</FONT>5.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Dollar</B>&rdquo; means the coin or currency
of the United States of America which as of the time of payment is legal tender for the payment of public and private debts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Event
of Default</B>&rdquo; means any event or condition specified as such in </FONT>Section 5.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Exchange Act</B>&rdquo; means the Securities
Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Foreign Currency</B>&rdquo; means any
Currency issued by the government of one or more countries other than the United States of America or by any confederation or association
of such governments, including euros and pounds sterling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Government Obligations</B>&rdquo; means
securities which are (a) direct obligations of the United States of America or the government that issued the Currency in which the Securities
of a particular Series are denominated or (b) obligations of a Person controlled or supervised by, or acting as an agency or instrumentality
of, the United States of America or the government that issued the Currency in which the Securities of such Series are denominated, the
full and timely payment of which obligations is unconditionally guaranteed by such government, and which, in either case, are full faith
and credit obligations of such government, are denominated in the Currency in which the Securities of such Series are denominated and
which are not callable or redeemable at the option of the issuer thereof and shall also include a depository receipt issued by a bank
or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on principal of any such
Government Obligation held by such custodian for the account of the holder of a depository receipt; <U>provided</U> that (except as required
by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any
amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government
Obligation evidenced by such depository receipt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Holder</B>,&rdquo; &ldquo;<B>Holder of
Securities</B>,&rdquo; &ldquo;<B>Securityholder</B>&rdquo; or other similar terms mean the bearer of an Unregistered Security or a Registered
Holder of a Registered Security and, when used with respect to any Coupon, means the bearer thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Indenture</B>&rdquo; means this instrument
as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or supplemented or both, and shall
include the forms and terms of particular Series of Securities established as contemplated hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>interest</B>,&rdquo;
when used with respect to non-interest-bearing Securities, means interest payable at maturity and, when used with respect to a Security
which provides for the payment of Additional Amounts pursuant to </FONT>Section 3.05 or otherwise, includes such Additional Amounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Market
Exchange Rate</B>&rdquo; has the meaning specified in </FONT>Section 2.12(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Opinion
of Counsel</B>&rdquo; means an opinion in writing signed by legal counsel, which may be an employee of or counsel to the Company, and
which shall be reasonably satisfactory to the Trustee. Each such opinion shall include the statements provided for in </FONT>Section 14.05
to the extent applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Original Issue Discount</B>&rdquo; with
respect to any Security, including any Security that is issued at a price below face value, has the same meaning set forth in Section
1273 of the Internal Revenue Code of 1986 as in effect on the date hereof, or any successor provision, and the applicable Treasury Regulations
thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Outstanding</B>,&rdquo;
when used with reference to Securities, shall, subject to the provisions of </FONT>Section 7.04, mean, as of any particular time, all
Securities authenticated and delivered by the Trustee under this Indenture, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities theretofore cancelled by the
Trustee or delivered to the Trustee for cancellation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities,
or portions thereof, as to which moneys in the amount and Currency required for the repayment or redemption thereof shall have been deposited
in trust with the Trustee or with any Paying Agent (other than the Company) or shall have been set aside, segregated and held in trust
by the Company for the Holders of such Securities (if the Company shall act as its own Paying Agent); <U>provided</U> that, if such Securities,
or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided,
or provision satisfactory to the Trustee shall have been made for giving such notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
for which other Securities shall have been authenticated and delivered in substitution, or which shall have been paid, pursuant to the
terms of </FONT>Section 2.09 (except with respect to any such Security as to which proof satisfactory to the Trustee and the Company is
presented that such Security is held by a Person in whose hands such Security is a legal, valid and binding obligation of the Company);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
discharged pursuant to </FONT>Section 10.01 or with respect to which the Company has effected defeasance and/or covenant defeasance as
provided in Section 10.02, to the extent such Securities are not reinstated pursuant to Section 10.06.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Paying Agent</B>&rdquo; means any Person
(which may include the Company) authorized by the Company to pay the principal of or interest, if any, on any Security on behalf of the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo; means any individual,
corporation, partnership, limited liability company, joint venture, association, joint stock company, trust, unincorporated organization
or government or any agency or political subdivision thereof, or any other legal entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Place
of Payment</B>,&rdquo; when used with respect to the Securities of any Series, means the place or places where the principal of and interest,
if any, on the Securities of that Series are payable as specified pursuant to </FONT>Section 3.02, and initially shall mean the designated
office of the Trustee at which the corporate trust paying agent office of the Trustee shall, at any particular time, be administered,
which office is, at the date of this Indenture, located at ___________.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Preferred Stock</B>&rdquo; includes any
stock of any class of the Company that has a preference over Common Stock in respect of dividends or of amounts payable in the event of
any voluntary or involuntary liquidation, dissolution or winding up of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Registered Holder</B>,&rdquo; when used
with respect to a Registered Security, means the Person in whose name such Security is registered in the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Registered Security</B>&rdquo; means
any Security registered in the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Responsible Officer</B>,&rdquo; when
used with respect to the Trustee, means any officer within the corporate trust department (or any successor group) of the Trustee, including
any vice president, assistant vice president or assistant secretary, or any other officer or assistant officer of the Trustee customarily
performing functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate
trust matter is referred at the Corporate Trust Office because of such Person&rsquo;s knowledge of and familiarity with the particular
subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Securities Act</B>&rdquo; means the Securities
Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Securities</B>&rdquo; means debentures,
notes or other evidences of indebtedness that have been authenticated and delivered under this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Series</B>&rdquo;
or &ldquo;<B>Series of Securities&rdquo;</B> means a series of Securities and, except in Sections </FONT>2.03 and 7.04 and Articles 1
(&ldquo;<B>Outstanding</B>&rdquo;), 5 and 6, a Tranche in the event that the applicable Series may be issued in separate Tranches.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Subsidiary</B>&rdquo; means any Person
which is consolidated in the Company&rsquo;s accounts and any Person of which at least a majority of the outstanding stock having by the
terms thereof ordinary voting power to elect a majority of the directors (or Persons performing similar functions) of such Person (irrespective
of whether or not at the time stock of any other class or classes of such Person shall have or might have voting power by reason of the
happening of any contingency) is at the time directly or indirectly owned or controlled by the Company, or by one or more Subsidiaries,
or by the Company and one or more Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Tranche</B>&rdquo; means all Securities
of the same Series which have the same issue date, maturity date, interest rate or method of determining interest, and, in the case of
Discount Securities, which have the same issue price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Treasury Regulation</B>&rdquo; means
a final or temporary regulation issued by the U.S. Department of the Treasury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Trustee</B>&rdquo;
means the Person identified as &ldquo;Trustee&rdquo; in the first paragraph hereof and, subject to the provisions of Article </FONT>6,
any successor trustee, and if at any time there is more than one such Person, &ldquo;Trustee&rdquo; as used with respect to the Securities
of any Series shall mean the Trustee with respect to Securities of that Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Trust
Indenture Act of 1939</B>&rdquo; or &ldquo;<B>Trust Indenture Act</B>,&rdquo; except as otherwise provided in Sections </FONT>8.01 and
8.02, means the Trust Indenture Act of 1939, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>United States</B>&rdquo; means the United
States of America (together with the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>United States of America</B>&rdquo; means
the fifty states constituting the United States of America as of the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>United
States Person</B>&rdquo; means, unless otherwise specified with respect to any Securities pursuant to </FONT>Section 2.03, an individual
who is a citizen or resident of the United States, a corporation, partnership, limited liability company or other entity created or organized
in or under the laws of the United States or an estate or trust the income of which is subject to United States federal income taxation
regardless of its source.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Unregistered Security</B>&rdquo; means
any Security not registered in the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Valuation
Date</B>&rdquo; has the meaning specified in </FONT>Section 2.12(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>vice president</B>,&rdquo; when used
with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before
or after the title of &ldquo;vice president.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Wholly Owned Subsidiary</B>&rdquo; means
any Subsidiary in which the Company and/or its other wholly owned Subsidiaries own all of the outstanding capital stock (other than directors&rsquo;
qualifying shares).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
2</U></B></FONT><BR>
SECURITIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Forms Generally</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Securities of each Series and the Coupons, if any, shall be substantially in such form (not inconsistent with this Indenture) as
shall be established by or pursuant to a Company Board Resolution and set forth in a Company Officers&rsquo; Certificate and/or in one
or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by this Indenture or any indenture supplemental hereto (the provisions of which shall be appropriate to
reflect the terms of each Series of Securities, including the Currency or denomination, which may be Dollars or any Foreign Currency)
and may have imprinted or otherwise reproduced thereon such legend or legends, not inconsistent with the provisions of this Indenture
or any indenture supplemental hereto, as may be required to comply with any law or with any rules or regulations pursuant thereto, or
with any rules of any securities exchange or market or to conform to general usage, all as may be determined by the officers executing
such Securities and Coupons, if any, as evidenced by their execution of the Securities and Coupons, if any.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The definitive Securities and Coupons, if any,
shall be printed, or may be produced in any other manner, all as determined by the officers of the Company executing such Securities and
Coupons, if any, as evidenced by their execution of such Securities and Coupons, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Form of Trustee&rsquo;s Certificate of Authentication</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee&rsquo;s certificate of authentication on all Securities shall be in substantially the following form:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[FORM OF TRUSTEE&rsquo;S CERTIFICATE OF AUTHENTICATION]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This is one of the Securities of the Series designated
herein and referred to in the within-mentioned Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">as Trustee &nbsp; &nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">Authorized Signatory &nbsp; &nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">OR &nbsp; &nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">as Authentication Agent &nbsp; &nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-size: 10pt">Authorized Office &nbsp; &nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
2.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Amount Unlimited; Issuable in Series</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Securities may be issued in one or more Series.
There shall be established in or pursuant to one or more Company Board Resolutions and set forth in a Company Officers&rsquo; Certificate
and/or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any Series:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the title of the Securities of the Series (which title shall distinguish the Securities of the Series from all other Securities
issued by the Company), including, as applicable, whether the Securities of the Series shall be issued as senior Securities, senior subordinated
Securities or subordinated Securities; any subordination provisions particular to the Securities of the Series; and whether the Securities
of the Series are convertible or exchangeable for other securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any limit upon the aggregate principal amount of the Securities of the Series that may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other
Securities of the Series pursuant to Section 2.08, 2.09, 2.11 or 11.02);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if other than 100% of its aggregate principal amount, the percentage of the aggregate principal amount at which the Securities
of the Series will be offered;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the date or dates (whether fixed or extendable) on which the principal of the Securities of the Series is payable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the rate or rates, which may be fixed or variable, at which the Securities of the Series shall bear interest, if any, the date
or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable, the basis upon which
interest shall be calculated if other than that of a 360-day year consisting of twelve 30-day months and, in the case of Registered Securities,
the record dates for the determination of Holders to whom interest is payable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any provisions relating to the issuance of the Securities of the Series at an Original Issue Discount;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the place or places where the principal of and interest on Securities of the Series shall be payable and where Securities of the
Series may be surrendered for conversion or exchange (if other than as provided in Section 3.02);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether any of such Securities of the Series are to be redeemable at the option of the Company, and if so, the price or prices
at which, the period or periods within which and the terms and conditions upon which Securities of the Series may be so redeemed, in whole
or in part, at the option of the Company, pursuant to any sinking fund or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if other than 100% of the aggregate principal amount thereof, the portion of the principal amount of the Securities of the Series
which shall be payable upon declaration of acceleration of the maturity date thereof pursuant to Section 5.01 or provable in bankruptcy
pursuant to Section 5.02, or, if applicable, which is convertible or exchangeable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the obligation, if any, of the Company to redeem, purchase or repay Securities of the Series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof, and the price or prices at which, the Currency in which and the period or periods within
which, and the terms and conditions upon which, Securities of the Series shall be redeemed, purchased or repaid, in whole or in part,
pursuant to such obligation (including the terms or method of payment thereof if other than cash), and any provision for the remarketing
of the Securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the issuance of Securities of the Series as Registered Securities or Unregistered Securities or both, and the rights of the Holders
to exchange Unregistered Securities of the Series for Registered Securities of the Series or to exchange Registered Securities of the
Series for Unregistered Securities of the Series and the circumstances under which any such exchanges, if permitted, may be made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if other than denominations of $1,000 and any integral multiple thereof, the denominations, which may be in Dollars or any Foreign
Currency, in which Securities of the Series shall be issuable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether the Securities of the Series will be certificated and, if so, the form of the Securities (or forms thereof if both Unregistered
Securities and Registered Securities shall be issuable in such Series), including such legends as required by law or as the Company deems
necessary or appropriate, the form of any Coupons or temporary global security which may be issued and the forms of any other certificates
which may be required hereunder or which the Company may require in connection with the offering, sale, delivery or exchange of the Securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if other than Dollars, the Currency or Currencies in which payments of interest, principal and other amounts payable with respect
to the Securities of the Series are to be denominated, payable, redeemable or repurchasable, as the case may be;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether Securities of the Series are issuable in Tranches;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the obligations, if any, of the Company to permit the conversion or exchange of the Securities of such Series into Common Stock,
Preferred Stock or other Capital Stock or property (including securities), or a combination thereof, and the terms and conditions upon
which such conversion shall be effected (including the initial conversion or exchange price or rate, the conversion or exchange period,
the provisions for conversion or exchange price or rate adjustments and any other provisions relative to such obligation) and any limitations
on the ownership or transferability of the securities or property into which the Securities may be converted or exchanged;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if other than the Trustee, any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with
respect to the Securities of such Series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Securities of the Series do not bear interest, the applicable dates for purposes of Section 4.01;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any deletions from, modifications of or additions to (a) the Events of Default with respect to Securities of the Series or (b)
the right of the Trustee or the Holders of such Securities pursuant to Section 5.01;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any deletions from, modifications of or additions to the covenants set forth in Article 3 with respect to Securities of the Series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the amount of payments of principal of, and make-whole amount, if any, and interest on, the Securities of the Series may be
determined with reference to an index, the manner in which such amount shall be determined;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether the Securities of the Series shall be issued in whole or in part in the global form of one or more Securities and in such
case, (i) the depositary for such Securities, which depositary must be a clearing agency registered under the Exchange Act, (ii) the circumstances
under which any such Securities may be exchanged for Securities registered in the name of, and under which any transfer of such Securities
may be registered in the name of, any Person other than such depositary or its nominee, if other than as set forth in Section&nbsp;2.15,
and (iii) any other provisions regarding such Securities which provisions may be in addition to or in lieu of, in whole or in part, the
provisions of Section 2.15;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether, under what circumstances and the Currency in which, the Company will pay Additional Amounts as contemplated by Section
3.05 on the Securities of the Series to any Holder who is not a United States Person (including any modification to the definition of
such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such
Securities rather than pay such Additional Amounts (and the terms of any such option);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether the Securities of the Series, in whole or in specified part, will not be defeasible pursuant to Section 10.02(b) or Section
10.02(c), or both such Sections, and, if the Securities may be defeased, in whole or in specified part, pursuant to either or both such
Sections, any provisions to permit a pledge of obligations other than Government Obligations (or the establishment of other arrangements)
to satisfy the requirements of Section 10.02(d)(i) for defeasance of the Securities and, if other than by a Company Board Resolution,
the manner in which any election by the Company to defease the Securities will be evidenced;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>whether the Securities of such Series are to be secured by any property, assets or other collateral and, if so, the applicable
collateral, any deletions from, modifications of or additions to the provisions of Article 13;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Person to whom any interest on the Securities of such Series will be payable, if other than the Securityholder thereof, on
the regular record date therefor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the dates on which interest, if any, will be payable and the regular record dates for interest payment dates;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any restrictions, conditions or requirements for transfer of the Securities of such Series; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any other terms or conditions upon which the Securities of the Series are to be issued (which terms shall not be inconsistent with
the provisions of this Indenture).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All Securities of any one Series shall be substantially
identical except as to denomination, except as contemplated by the immediately succeeding paragraph, and except as may otherwise be provided
in or pursuant to such Company Board Resolution or in any such indenture supplemental hereto. All Securities of any one Series need not
be issued at the same time, and unless otherwise provided, a Series may be reopened, without the consent of the Holders, for issuances
of additional Securities of such Series or to establish additional terms of such Series of Securities (which additional terms shall only
be applicable to unissued or additional Securities of such Series).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each Series may be issued in one or more Tranches.
All Securities of a Tranche shall have the same issue date, maturity date, interest rate or method of determining interest, and, in the
case of Discount Securities, the same issue price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Authentication and Delivery of Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any Series
having attached thereto appropriate Coupons, if any, executed by the Company to the Trustee for authentication, and the Trustee shall
thereupon authenticate and deliver such Securities to or upon a Company Order without any further action by the Company. In authenticating
such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall
be entitled to receive and (subject to </FONT>Section 6.01) shall be fully protected in relying upon:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a Company Board Resolution relating to such Series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>an executed supplemental indenture, if any;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a Company Officers&rsquo; Certificate setting forth the form and terms of the Securities of such Series as required pursuant to
Sections 2.01 and 2.03, respectively, and prepared in accordance with Section 14.05;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>at the option of the Company, either an Opinion of Counsel, prepared in accordance with Section 14.05, or a letter addressed to
the Trustee allowing the Trustee to rely on an Opinion of Counsel, substantially to the effect that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the form or forms and terms of such Securities and Coupons, if any, have been established in or pursuant to a Company Board Resolution
or in a supplemental indenture as permitted by Sections 2.01 and 2.03, respectively, in conformity with the provisions of this Indenture;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Securities and Coupons, if any, have been duly authorized, and, when authenticated and delivered by the Trustee and issued
by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations
of the Company enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization or other laws
relating to or affecting the enforcement of creditors&rsquo; rights and by general equitable principles, regardless of whether such enforceability
is considered in a proceeding in equity or at law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>provided</U></FONT>,
<U>however</U>, that in the case of any Series issuable in Tranches, if the Trustee has previously received the applicable documents referred
to in clause (a) through (d) above with respect to such Series, the Trustee shall authenticate and deliver Securities of such Tranches
executed by the Company for original issuance upon receipt by the Trustee of a notice, executed by an officer of the Company transmitted
electronically by facsimile or otherwise and confirmed in writing to the Trustee, of the terms of the issuance of such Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Trustee shall have the right to decline to authenticate and deliver any Securities under this </FONT>Section 2.04 if the Trustee, being
advised by counsel, determines that such Securities may not lawfully be issued by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the
Company shall deliver such Security to the Trustee for cancellation as provided in </FONT>Section 2.10, together with a written statement
(which need not comply with Section 14.05 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been
issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Execution of Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Securities shall be signed on behalf of the Company by both (a)&nbsp;the chief executive officer, president or any vice president
of the Company and (b) the treasurer, any assistant treasurer, the secretary or any assistant secretary of the Company, which may, but
need not, be attested. Such signatures may be the manual or facsimile signatures of the present or any future such officers. Typographical
and other minor errors or defects in any such reproduction of any such signature shall not affect the validity or enforceability of any
Security that has been duly authenticated and delivered by the Trustee. Any Coupons attached to any Unregistered Security shall be executed
on behalf of the Company by the manual or facsimile signature of any such officer of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Securities and Coupons, if any, bearing the manual
or facsimile signatures of individuals who were at any time the proper officers of the Company shall, to the fullest extent permitted
by law, bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication
and delivery of such Securities or did not hold such offices at the date of such Securities or Coupons, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.06.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Certificate of Authentication</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Only such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by
the Trustee by the manual signature of one of its authorized signatories, shall be entitled to the benefits of this Indenture or be valid
or obligatory for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence
that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits
of this Indenture.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Trustee shall not authenticate or deliver any
Unregistered Security until matured Coupons appertaining thereto have been detached and canceled, except as otherwise provided or permitted
by this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.07.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Denomination and Date of Securities; Payments of Interest</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Securities shall be issuable in denominations as shall be specified as contemplated by </FONT>Section 2.03. In the absence of any
such specification with respect to the Securities of any Series, the Securities of such Series shall be issuable in denominations of
$1,000 and any multiple thereof, which may be in Dollars or any Foreign Currency, and interest shall be computed on the basis of a 360-day
year of twelve 30-day months. The Securities shall be numbered, lettered, or otherwise distinguished in such manner or in accordance
with such plan as the officers of the Company executing the same may determine with the approval of the Trustee as evidenced by the execution
and authentication thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Security shall be dated the date of its authentication, shall bear interest from the date, and shall be payable on the dates, in each
case, which shall be specified as contemplated by </FONT>Section 2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Interest on any Security which is payable, and
is punctually paid or duly provided for, on any interest payment date shall be paid, in the case of Registered Securities, to the Person
in whose name that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date
for the payment of such interest and, in the case of Unregistered Securities, upon surrender of the Coupon appertaining thereto in respect
of the interest due on such interest payment date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The term &ldquo;<B>record date</B>,&rdquo; as used
with respect to any interest payment date (except for a date for payment of defaulted interest), means the date specified as such in the
terms of the Securities of any particular Series, or, if no such date is so specified, if such interest payment date is the first day
of a calendar month, the close of business on the fifteenth day of the next preceding calendar month or, if such interest payment date
is the fifteenth day of a calendar month, the close of business on the first day of such calendar month, whether or not such record date
is a Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
interest on any Security of any Series which is payable, but is not punctually paid or duly provided for, on any interest payment date
(called &ldquo;<B>defaulted interest</B>&rdquo; for the purpose of this </FONT>Section 2.07) shall forthwith cease to be payable to the
Registered Holder on the relevant record date by virtue of his having been such Holder; and such defaulted interest may be paid by the
Company, at its election in each case, as provided in clause (a) or (b) below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company may elect to make payment of any defaulted interest to the Persons in whose names any such Registered Securities (or
their respective predecessor Securities) are registered at the close of business on a special record date for the payment of such defaulted
interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of defaulted interest
proposed to be paid on each Security of such Series and the date of the proposed payment, and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment; such money, when so deposited, will
be held in trust for the benefit of the Persons entitled to such defaulted interest. Thereupon the Trustee shall fix a special record
date for the payment of such defaulted interest in respect of Registered Securities of such Series which shall be not more than 15 nor
less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of
the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of
the Company, shall cause notice of the proposed payment of such defaulted interest and the special record date thereof to be mailed, first
class postage prepaid, to each Registered Holder at his address as it appears in the Security register, not less than 10 days prior to
such special record date. Notice of the proposed payment of such defaulted interest and the special record date therefor having been mailed
as aforesaid, such defaulted interest in respect of Registered Securities of such Series shall be paid to the Person in whose names such
Securities (or their respective predecessor Securities) are registered on such special record date and such defaulted interest shall no
longer be payable pursuant to the following clause (b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company may make payment of any defaulted interest on the Registered Securities of any Series in any other lawful manner not
inconsistent with the requirements of any securities exchange or market on which the Securities of that Series may be listed, and upon
such notice as may be required by such exchange or market, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such payment shall be deemed practicable by the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any defaulted interest payable in respect of any
Security of any Series which is not a Registered Security shall be payable pursuant to such procedures as may be satisfactory to the Trustee
in such manner that there is no discrimination as between the Holders of Registered Securities and other Securities of the same Series,
and notice of the payment date therefor shall be given by the Trustee, in the name and at the expense of the Company, by publication at
least once in a newspaper of general circulation in New York, New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to the foregoing provisions of this </FONT>Section 2.07, each Security delivered under this Indenture upon transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the case of any Security which is converted
into Common Stock or Preferred Stock after any regular record date and on or prior to the next succeeding interest payment date (other
than any Security whose maturity is prior to such interest payment date), interest whose stated maturity is on such interest payment date
shall be payable on such interest payment date notwithstanding such conversion, and such interest (whether or not punctually paid or duly
provided for) shall be paid to the Person in whose name that Security (or one or more predecessor Securities) is registered at the close
of business on such regular record date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of
any Security which is converted, interest whose stated maturity is after the date of conversion of such Security shall not be payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.08.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Registration, Transfer and Exchange</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company will keep or will cause to be kept at the office or agency of the Trustee to be maintained for the purpose as provided in
</FONT>Section 3.02 a register or registers in which, subject to such reasonable regulations as it may prescribe, the Company will provide
for the registration and transfer of Registered Securities as is provided in this Article 2. Such register shall be in written form in
the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable times
such register or registers shall be open for inspection by the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
due presentation for registration of transfer of any Registered Security of any Series at any such office or agency to be maintained for
the purpose as provided in </FONT>Section 3.02, the Company shall execute, and the Trustee shall authenticate and deliver in the name
of the transferee or transferees, a new Registered Security or Registered Securities of the same Series in authorized denominations for
a like aggregate principal amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the option of the Holder thereof, Unregistered Securities of a Series which by their terms are registerable as to principal and interest
may, to the extent and under the circumstances specified pursuant to </FONT>Section 2.03, be exchanged for Registered Securities of such
Series, as may be issued by the terms thereof. At the option of the Holder thereof, Registered Securities of a Series which by their terms
provide for the issuance of Unregistered Securities may, to the extent and under the circumstances specified pursuant to Section 2.03,
be exchanged for Unregistered Securities of such Series. Securities so issued in exchange for other Securities shall be of any authorized
denomination and of like principal amount, maturity date, and interest rate or method of determining interest, and shall be issued upon
surrender of the Securities for which they are to be exchanged and, in the case of Coupon Securities, together with all unmatured Coupons
and matured Coupons in default appertaining thereto, at the office of the Company provided for in Section 3.02 and upon payment, if the
Company shall require, of charges provided therein. Unregistered Securities of any Series issued in exchange for Registered Securities
of such Series between the regular record date for such Registered Security and the next interest payment date will be issued without
the Coupon relating to such interest payment date, and Unregistered Securities surrendered in exchange for Registered Securities between
such dates shall be surrendered without the Coupon relating to such interest payment date. Whenever any Securities are so surrendered
for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange
is entitled to receive. Notwithstanding the foregoing, an Unregistered Security will not be delivered in exchange for a Registered Security
or Securities unless the Trustee receives a certificate signed by the Person entitled to delivery of such Security or other items or documents
fulfilling such conditions as shall be required by regulations of the U.S. Department of the Treasury, or shall be notified by the Company
that such a certificate shall not be required by such regulations; <U>provided</U>, <U>however</U>, that no such Unregistered Security
shall be delivered by the Trustee if the Trustee or such agent shall have, or shall have been notified in writing by the Company that
the Company has, actual knowledge that such certificate is false.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
presentation for registration of any Unregistered Securities of any Series which by its terms is registerable as to principal, at the
office or agency of the Company to be maintained as provided in </FONT>Section 3.02, such Security shall be registered as to principal
in the name of the Holder thereof and such registration shall be noted on such Security. Any Security so registered shall be transferable
on the registry books of the Company upon presentation of such Security at such office or agency for similar notation thereon, but such
Security may be discharged from registration by being in a like manner transferred to bearer, whereupon transferability by delivery shall
be restored. Except as otherwise provided pursuant to Section 2.03, Unregistered Securities shall continue to be subject to successive
registrations and discharges from registration at the option of the Holders thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unregistered Securities shall be transferable by
delivery, except while registered as to principal. Registration of any Coupon Security shall not affect the transferability by delivery
of the Coupons appertaining thereto which shall continue to be payable to bearer and transferable by delivery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All Securities and Coupons, if any, issued upon
any transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same
benefits under this Indenture, as the Securities and Coupons surrendered upon such transfer or exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Every Security presented or surrendered for registration
of transfer or exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Company and the Trustee, duly executed by the Holder thereof or such Holder&rsquo;s attorney duly
authorized in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Securities,
other than exchanges pursuant to </FONT>Section 2.11, 8.05 or 11.02 not involving any transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company shall not be required (a) to issue, register the transfer of or exchange any Security during a period beginning at the opening
of business 15 days before the day of mailing of a notice of redemption of Securities for redemption under Article </FONT>11 or (b) to
register the transfer of or exchange any Security so selected for redemption in whole or in part, except, in the case of any Security
to be redeemed in part, the portion thereof not redeemed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.09.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Mutilated, Defaced, Destroyed, Lost and Stolen Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case any temporary or definitive Security or Coupon shall become mutilated or defaced or be destroyed, lost or stolen, the Company
at its own discretion may execute, and upon receipt of a Company Order, the Trustee shall authenticate and deliver, a new Security of
the same Series or Coupon, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced
Security or Coupon, or in lieu of and substitution for the Security or Coupon so destroyed, lost or stolen. In every case, the applicant
for a substitute Security or Coupon shall furnish to the Company, to the Trustee and to any agent of the Company or the Trustee such
security or indemnity as may be required by them to indemnify and defend and to save each of them harmless and, in every case of destruction,
loss or theft, evidence to their satisfaction of the destruction, loss or theft of such Security or Coupon and of the ownership thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon the issuance of any substitute Security or
Coupon, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
case any Security or Coupon which has matured or is about to mature or has been called for redemption in full shall become mutilated or
defaced or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security or Coupon, pay or authorize the payment
of the same (without surrender thereof except in the case of a mutilated or defaced Security or Coupon); <U>provided</U>, <U>however</U>,
that any such payments in respect of Unregistered Securities or Coupons shall be subject to the provisions of </FONT>Section 2.12(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Every
substitute Security of any Series or Coupon issued pursuant to the provisions of this </FONT>Section 2.09 by virtue of the fact that any
such Security or Coupon is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or
not the destroyed, lost or stolen Security or Coupon shall be at any time enforceable by anyone and shall be entitled to all the benefits
of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and all other
Securities of such Series or Coupons duly authenticated and delivered hereunder. All Securities or Coupons shall be held and owned upon
the express condition that, to the extent permitted by the law, the foregoing provisions are exclusive with respect to the replacement
or payment of mutilated, defaced, destroyed, lost or stolen Securities or Coupons and shall preclude any and all other rights or remedies
notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable
instruments or other securities without their surrender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.10.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Cancellation of Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
All Securities surrendered for payment, redemption, registration of transfer, conversion or exchange, or for credit against any payment
in respect of a sinking or analogous fund, and all Coupons surrendered for payment or exchange, shall, if surrendered to the Company
or any agent of the Company or the Trustee, be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be
cancelled promptly by it; and no Securities or Coupons shall be issued in lieu thereof, except as expressly permitted by any of the provisions
of this Indenture. The Trustee shall dispose of cancelled Securities in accordance with its customary procedures. If the Company shall
acquire any of the Securities and Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented
by such Securities and Coupons unless and until the same are delivered to the Trustee for cancellation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.11.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Temporary Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Pending the preparation of definitive Securities for any Series, the Company may execute and the Trustee shall authenticate and deliver
temporary Securities for such Series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to
the Trustee). Temporary Securities of any Series may be issued as Registered Securities or Unregistered Securities with or without Coupons
attached thereto, of any authorized denomination, and substantially in the form of the definitive Securities of such Series but with
such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company with
the concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of this Indenture as may be appropriate.
Every temporary Security shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially
the same manner, and with like effect, as the definitive Securities. Without unreasonable delay the Company shall execute and shall furnish
definitive Securities of such Series and thereupon temporary Securities of such Series may be surrendered in exchange therefor without
charge at each office or agency to be maintained by the Company for that purpose pursuant to </FONT>Section 3.02, and the Trustee shall
authenticate and deliver in exchange for such temporary Securities of such Series a like aggregate principal amount of definitive Securities
of the same Series of authorized denominations and, in the case of Unregistered Securities, having attached thereto any appropriate Coupons.
Until so exchanged, the temporary Securities of any Series shall be entitled to the same benefits under this Indenture as definitive
Securities of such Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.12.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Currency and Manner of Payments in Respect of Securities</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to Registered Securities of any Series with respect to which the Holders of such Securities have not made the election
provided for in subsection (b) of this Section 2.12, the following payment provisions shall apply:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as provided in subsection 2.12(a)(ii) or subsection (e) of this Section 2.12, payment of the principal of any Registered
Security will be made at the Place of Payment by delivery of a check in the Currency in which the Security is denominated on the payment
date against surrender of such Registered Security, or, if the Securities are global securities, in accordance with the procedures of
the applicable clearing agency pursuant to Section 2.15, and any interest on any Registered Security will be paid at the Place of Payment
by mailing a check in the Currency in which the Securities were issued to the Person entitled thereto at the address of such Person appearing
on the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Payment of the principal of and interest on such Security may also, subject to applicable laws and regulations, be made at such
other place or places as may be designated by the Company by any appropriate method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to Registered Securities of any Series, the following payment provisions shall apply, except as otherwise provided
in subsections (e) and (f) of this Section 2.12:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company Board of Directors may provide with respect to any Series of such Securities that Holders shall have the option to
receive payments of principal of and interest on such Security in any of the Currencies which may be designated for such election in such
Security (or, if no such Currencies are designated, in the Currency in which the Securities of such Series are denominated) by delivering
to the Trustee a written election, to be in substantially the form included with the applicable form of Securities as shall be established
pursuant to Section 2.01, not later than the close of business on the record date immediately preceding the applicable payment date. Such
election will remain in effect for such Holder until changed by the Holder by written notice to the Trustee (but any such change must
be made not later than the close of business on the record date immediately preceding the next payment date to be effective for the payment
to be made on such payment date and no such change may be made with respect to payments to be made on any Security with respect to which
notice of redemption has been given by the Company pursuant to Article 11). Any Holder of any such Security who shall not have delivered
any such election to the Trustee by the close of business on the applicable record date will be paid the amount due on the applicable
payment date in the relevant Currency as provided in subsection (a) of this Section 2.12. Payment of principal shall be made on the payment
date against surrender of such Securities. Payment of principal and interest shall be made at the Place of Payment by mailing a check
in the applicable Currency to the Person entitled thereto at the address of such Person appearing on the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Payment of the principal of and interest on such Security may also, subject to applicable laws and regulations, be made at such
other place or places as may be designated by the Company by any appropriate method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Payment of the principal of any Unregistered Security and of interest on any Coupon Security will be made at such place or places
outside the United States of America as may be designated by the Company by any appropriate method only in the Currency in which the Security
is payable (except as provided in subsection (e) of this Section 2.12) on the payment date against surrender of the Unregistered Security,
in the case of payment of principal, or the relevant Coupon, in the case of payment of interest. Except as provided in subsection&nbsp;(e)
of this Section 2.12, payment with respect to Unregistered Securities and Coupons will be made by check, subject to any limitations on
the methods of effecting such payment as shall be specified in the terms of the Security established as provided in Section 2.03 and as
shall be required under applicable laws and regulations. Payment of the principal of and interest on Unregistered Securities may also,
subject to applicable laws and regulations, be made at such other place or places as may be designated by the Company by any appropriate
method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Not later than the fourth Business Day after the record date for each payment date, the Trustee will deliver to the Company a written
notice specifying, in the Currency in which each Series of Securities are denominated, the respective aggregate amounts of principal of
and interest on the Securities to be made on such payment date, specifying the amounts so payable in respect of the Registered and the
Unregistered Securities and in respect of the Registered Securities as to which the Holders shall have elected to be paid in another Currency
as provided in subsection (b) of this Section 2.12. If the Company Board of Directors has provided for the election referred to in subsection
(b) of this Section 2.12 with respect to Registered Securities and if at least one Holder of such Registered Securities has made such
election, then not later than the second Business Day preceding the applicable payment date the Company will deliver to the Trustee an
Exchange Rate Officer&rsquo;s Certificate in respect of such payment date. The Dollar or Foreign Currency amount receivable by Holders
of Registered Securities who have elected payment in another Currency as provided in subsection (b) of this Section 2.12 shall be determined
by the Company on the basis of the applicable Market Exchange Rate in effect on the second Business Day (the &ldquo;<B>Valuation Date</B>&rdquo;)
prior to such payment date and set forth in the applicable Exchange Rate Officer&rsquo;s Certificate. For purposes of this Section 2.12
and Section 6.02(a), &ldquo;<B>Exchange Rate Officer&rsquo;s Certificate</B>&rdquo; means, with respect to any payment date in respect
of Registered Securities as to which the Company Board of Directors has provided for the election referred to in subsection (b) of this
Section 2.12 and at least one Holder of such Registered Securities has made such election, a certificate setting forth (i) the applicable
Market Exchange Rate to Holders of such Registered Securities who had elected payment in a Currency other than the Currency in which such
Registered Securities are denominated as determined by the Company and (ii) the Dollar or Foreign Currency amounts payable for the Valuation
Date with respect to such payment date on the basis of such Market Exchange Rate or quotation in respect of the principal of and interest
on the applicable Series of Registered Securities, signed by the treasurer or any assistant treasurer of the Company, and delivered to
the Trustee. For purposes of this Section 2.12 and Section&nbsp;14.11, &ldquo;<B>Market Exchange Rate</B>&rdquo; means for any Currency
as of a particular date, the noon Dollar buying rate for such Currency for cable transfers quoted in New York, New York on such date as
certified for customs purposes by the Federal Reserve Bank of New York; <U>provided</U>, <U>however</U>, that if such rate is not available
for any reason on such date, the Currency Determination Agent shall determine the Market Exchange Rate for the particular date, in its
sole discretion and without liability on its part, based on such quotation of the Federal Reserve Bank of New York as of the most recent
available date, or quotations from one or more major banks in New York, New York or in the country of issue of the currency in question,
or such other quotations as the Currency Determination Agent shall deem appropriate. Unless otherwise specified by the Currency Determination
Agent, if there is more than one market for dealing in any Currency by reason of foreign exchange regulations or otherwise, the market
to be used in respect of such Currency shall be that upon which a nonresident issuer of securities designated in such Currency would purchase
such Currency in order to make payments in respect of such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a Conversion Event occurs with respect to a Foreign Currency in which any of the Securities are denominated or payable, then
with respect to each date for the payment of principal of and interest on such Securities occurring after the last date on which the Foreign
Currency was so used (the &ldquo;<B>Conversion Date</B>&rdquo;), the Dollar shall be the Currency of payment for use on each such payment
date. The Dollar amount to be paid by the Company to the Trustee and by the Trustee or any Paying Agent to the Holders of such Securities
with respect to such payment date shall be the Dollar Equivalent of the Foreign Currency as determined by the Currency Determination Agent
in the manner provided in subsection (g) of this Section 2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Holder of a Registered Security elects payment in a specified Currency as provided for by subsection (b) of this Section
2.12 and a Conversion Event occurs with respect to such elected Currency, such Holder shall receive payment in the Currency in which payment
would have been made in the absence of such election; and if a Conversion Event occurs with respect to the Currency in which payment would
have been made in the absence of such election, such Holder shall receive payment in Dollars in the Dollar Equivalent of the Foreign Currency
as determined by the Currency Determination Agent in the manner provided in subsection (g) of this Section 2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The &ldquo;<B>Dollar Equivalent of the Foreign Currency</B>&rdquo; shall be determined by the Currency Determination Agent as of
each Valuation Date and shall be obtained by converting the applicable Foreign Currency into Dollars at the Market Exchange Rate on the
Conversion Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All decisions and determinations of the Currency Determination Agent regarding the Dollar Equivalent of the Foreign Currency and
the Market Exchange Rate as specified above shall be in its sole discretion and shall, in the absence of manifest error, be conclusive
for all purposes and irrevocably binding upon the Company, the Trustee and all Holders of the applicable Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that a Conversion Event has occurred with respect to a Foreign Currency, the Company, after learning thereof, will
promptly give notice thereof to the Trustee (and the Trustee will promptly thereafter give notice on behalf of the Company in the manner
provided in Section 14.04 to the affected Holders) specifying the Conversion Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee shall be fully justified and protected in relying on and acting upon the information so received by it from the Company
and the Currency Determination Agent and shall not otherwise have any duty or obligation to determine such information independently.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.13.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Compliance with Certain Laws and Regulations</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If any Unregistered Securities or Coupon Securities are to be issued in any Series of Securities, the Company will use reasonable efforts
to provide for arrangements and procedures designed pursuant to then-applicable laws and regulations, if any, to ensure that Unregistered
Securities or Coupon Securities are sold or resold, exchanged, transferred and paid only in compliance with such laws and regulations
and without adverse consequences to the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.14.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>CUSIP Numbers</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company in issuing the Securities may use &ldquo;CUSIP&rdquo; or &ldquo;ISIN&rdquo; numbers (if then generally in use), and, if so,
the Trustee shall indicate the &ldquo;CUSIP&rdquo; or &ldquo;ISIN&rdquo; numbers of the Securities in notices of redemption as a convenience
to Holders; <U>provided</U> that any such notice may state that no representation is made as to the correctness of such numbers either
as printed on the Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification
numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company
shall promptly notify the Trustee of any change in the &ldquo;CUSIP&rdquo; or &ldquo;ISIN&rdquo; numbers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.15.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Securities in Global Form</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in temporary or permanent
global form. If Securities of or within a Series are issuable in whole or in part in global form, any such Security may provide that
it shall represent the aggregate amount of Outstanding Securities of such Series (or such lesser amount as is permitted by the terms
thereof) from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby
may from time to time be reduced or increased to reflect exchanges. Any endorsement of a Security in global form to reflect the amount,
or any increase or decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby, shall
be made in such manner and by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee
pursuant to </FONT>Section 2.04. Subject to the provisions of Section 2.04 and, if applicable, Section 2.11, the Trustee shall deliver
and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein
or in the applicable Company Order, if any. Any instructions by the Company with respect to endorsement or delivery or redelivery of
a Security in global form shall be in writing but need not comply with Section 14.05 and need not be accompanied by an Opinion of Counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
provisions of the last paragraph of </FONT>Section 2.04 shall apply to any Security in global form if such Security was never issued and
sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need
not comply with Section 14.05 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount
of Securities represented thereby, together with the written statement contemplated by the last paragraph of Section 2.04.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
the provisions of </FONT>Section 3.01, unless otherwise specified as contemplated by Section&nbsp;2.04, payment of principal of and interest
on any Security in permanent global form shall be made to the Person or Persons specified in such Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Neither the Company nor the Trustee shall have
any responsibility or obligation to any Person claiming a beneficial ownership interest in the Securities under or through any clearing
agency or any other Person which is not shown on the Security register as being a Registered Holder with respect to either the Securities,
the accuracy of any records maintained by any such clearing agency, the payment by any such clearing agency or its participants of any
amount in respect of the principal of or interest on the Securities, any notice which is permitted or required to be given under the Indenture,
any consent given or other action taken by such clearing agency as Registered Holder, or any selection by such clearing agency of any
Person to receive payment of principal, interest or other amounts payable on the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
2.16.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Form of Conversion Notice</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The form of any conversion notice for the conversion of Securities into shares of Common Stock, Preferred Stock or other securities of
the Company shall be in substantially the form included with the applicable form of Securities as shall be established pursuant to </FONT>Section
2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
3</U></B></FONT><BR>
COVENANTS OF THE ISSUER</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Payment of Principal and Interest</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company covenants and agrees for the benefit of each Series of Securities that it will duly and punctually pay or cause to be paid
(in the Currency in which the Securities of such Series and Coupons, if any, are payable, except as otherwise provided pursuant to </FONT>Section
2.03 for the Securities of such Series and except as provided in Section 2.12(b), (e) and (f)) the principal of, and interest on, each
of the Securities of such Series in accordance with the terms of the Securities of such Series, any Coupons appertaining thereto and
this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The interest on Unregistered Securities shall be
payable only upon presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally
mature at the office of a Paying Agent outside the United States of America. The interest on any temporary Unregistered Security shall
be paid, as to any installment of interest evidenced by a Coupon attached thereto, if any, only upon presentation and surrender of such
Coupon, and, as to the other installments of interest, if any, only upon presentation of such Securities for notation thereon of the payment
of such interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Offices for Payment, etc</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
So long as any of the Securities remain Outstanding, the Company will maintain for each Series an office or agency (a) where the Securities
may be presented for payment, (b) where the Securities may be presented for registration of transfer and for exchange as in this Indenture
provided, and (c)&nbsp;where notices and demands to or upon the Company in respect of the Securities or of this Indenture may be served.
The Company will give to the Trustee written notice of the location of any such office or agency and of any change of location thereof.
In case the Company shall fail to so designate or maintain any such office or agency or shall fail to give such notice of the location
or of any change in the location thereof, presentations and demands may be made at the Place of Payment and notices may be served at
the Corporate Trust Office. Unless otherwise specified pursuant to </FONT>Section 2.03, the Trustee is appointed Paying Agent and Registrar.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">So
long as any Coupon Securities or Unregistered Securities of any Series remain Outstanding, the Company will (except as specified pursuant
to </FONT>Section 2.03) maintain one or more offices or agencies outside the United States of America in such city or cities as may be
specified elsewhere in this Indenture or as contemplated by Section 2.03, and shall maintain such office or offices for a period of two
years (or any period thereafter for which it is necessary in order to conform to United States tax laws or regulations) after the principal
on such Coupon Securities or Unregistered Securities has become due and payable, with respect to such Series where Coupons appertaining
to Securities of such Series or Unregistered Securities of such Series may be surrendered or presented for payment, or surrendered for
exchange pursuant to Section 2.08 and where notices and demands to or upon the Company in respect of Coupons appertaining to Securities
of such Series or the Unregistered Securities of such Series or of this Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time the Company shall
fail to maintain such required office or agency or shall fail to furnish the Trustee with the address thereof, presentations, surrenders
and demands in respect of Unregistered Securities may be made or served at the Place of Payment and notice may be served at the Corporate
Trust Office and the corporate trust office of any authenticating agent appointed, and presentations, surrenders, notices and demands
in respect of Coupons appertaining to Securities of any Series and Unregistered Securities may be made or served at the corporate trust
office of the Trustee in the other city or cities referred to above; and the Company hereby appoints the Trustee and any authenticating
agent appointed hereunder as its agents to receive all such presentations, surrenders, notices and demands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Appointment to Fill a Vacancy in Office of Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in </FONT>Section
6.10, a Trustee, so that there shall at all times be a Trustee with respect to each Series of Securities hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Paying Agents</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Whenever the Company shall appoint a Paying Agent other than the Trustee with respect to the Securities of any Series, it will cause
such Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject
to the provisions of this </FONT>Section 3.04:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that it will hold all sums received by it as such Paying Agent for the payment of the principal of or interest on the Securities
of such Series or Coupons (whether such sums have been paid to it by the Company or other obligor on the Securities of such Series or
Coupons) in trust for the benefit of the Holders of the Securities of such Series or Coupons or of the Trustee and, upon the occurrence
of an Event of Default and upon the written request of the Trustee, pay over all such sums received by it to the Trustee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that it will give the Trustee notice of any failure by the Company (or by any other obligor on the Securities of such Series) to
make any payment of the principal of or interest on the Securities of such Series or Coupons when the same shall be due and payable; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that it will give the Trustee notice of any change of address of any Holder of which it is aware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company will, on or prior to each due date
of the principal of or interest on the Securities of such Series or Coupons, deposit with the Paying Agent a sum sufficient to pay such
principal or interest so becoming due, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of any
failure to take such action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the Company shall act as its own Paying Agent
with respect to the Securities of any Series or Coupons, it will, on or before each due date of the principal of or interest on the Securities
of such Series or Coupons, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such Series or Holders
of such Coupons a sum sufficient to pay such principal or interest so becoming due. The Company will promptly notify the Trustee of any
failure to take such action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anything
in this </FONT>Section 3.04 to the contrary notwithstanding, the Company may at any time, for the purpose of obtaining a satisfaction
and discharge with respect to one or more or all Series of Securities or Coupons hereunder, or for any other reason, pay or cause to be
paid to the Trustee all sums held in trust for any such Series by the Company or any Paying Agent hereunder, as required by this Section
3.04, such sums to be held by the Trustee upon the trusts herein contained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anything
in this </FONT>Section 3.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section 3.04 is subject
to the provisions of Sections 10.04 and 10.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Additional Amounts</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If Securities of a Series provide for the payment of additional amounts to any Holder who is not a United States Person in respect of
any tax, assessment or governmental charge (&ldquo;<B>Additional Amounts</B>&rdquo;), the Company will pay to the Holder of any Security
of such Series or any Coupon appertaining thereto such Additional Amounts as may be so provided by </FONT>Section 2.03. Whenever in this
Indenture there is mentioned, in any context, the payment of the principal of or interest on, or in respect of, any Security of a Series
or payment of any related Coupon or the net proceeds received on the sale or exchange of a Security of a Series, such mention shall be
deemed to include mention of the payment of Additional Amounts provided for by the terms of such Series established pursuant to Section
2.03 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms,
and express mention of the payment of Additional Amounts (if applicable) in any provisions shall not be construed as excluding Additional
Amounts in those provisions where such express mention is not made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except
as otherwise specified pursuant to </FONT>Section 2.03, if the Securities of a Series provide for the payment of Additional Amounts, at
least 10 days prior to each date of payment of principal or interest on which any Additional Amount shall be payable, the Company will
furnish the Trustee and the Company&rsquo;s principal Paying Agent or Paying Agents, if other than the Trustee, with a Company Officers&rsquo;
Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of or interest on the Securities
of that Series shall be made to Holders of Securities of that Series or any related Coupons who are not United States Persons without
withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that Series. If any such
withholding shall be required, then such Company Officers&rsquo; Certificate shall specify by country the amount, if any, required to
be withheld on such payments to such Holders of Securities of that Series or related Coupons and the Company will pay to the Trustee or
such Paying Agent the Additional Amounts required by the terms of such Securities. The Company covenants to indemnify the Trustee and
any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad
faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Company Officers&rsquo;
Certificate furnished pursuant to this Section 3.05 or in the event the Trustee shall not withhold or deduct any sums as a result of not
receiving a Company Officers&rsquo; Certificate pursuant to this Section&nbsp;3.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
3.06.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Calculation of Original Issue Discount</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company shall promptly, at the end of each calendar year, calculate the Original Issue Discount accrued on Outstanding Securities
as of the end of such year and shall determine whether the amount of Original Issue Discount qualifies for the <I>de minimis</I> exception
rule as set forth in Section 1273(a)(3) of the Internal Revenue Code of 1986, as amended from time to time, and the Treasury Regulations
promulgated thereunder. If such calculated amount does not qualify for the <I>de minimis</I> exception rule, then the Company shall subsequently
file with the Trustee no later than January 15th of each calendar year (a) a written notice specifying the amount of Original Issue Discount
(including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (b) such other specific
information relating to such Original Issue Discount as may then be relevant under the Internal Revenue Code of 1986, as amended from
time to time, and the Treasury Regulations promulgated thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
4</U></B></FONT><BR>
SECURITYHOLDERS&rsquo; LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
4.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Company to Furnish Trustee Information as to Names and Addresses of Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee for the Securities of each Series a list
in such form as the Trustee may reasonably require of the names and addresses of the Holders of the Registered Securities of each Series:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>semiannually and not more than 15 days after each record date for the payment of interest on such Securities, as hereinabove specified,
as of such record date, and on dates to be determined pursuant to Section 2.03 for non-interest-bearing securities in each year; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, and
such list shall be as of a date not more than 15 days prior to the time such information is furnished;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>provided</U></FONT>
that, if and so long as the Trustee shall be the Security registrar for such Series, such list shall not be required to be furnished but
in any event the Company shall be required to furnish such information concerning the Holders of Coupon Securities and Unregistered Securities
which is known to it; <U>provided</U>, <U>further</U>, that the Company shall have no obligation to investigate any matter relating to
any Holder of an Unregistered Security or any Holder of a Coupon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
4.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Preservation and Disclosure of Securityholders&rsquo; Lists</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee for the Securities of each Series shall preserve, in as current a form as is reasonably practicable, all information
as to the names and addresses of the Holders of each Series of Securities contained in the most recent list furnished to it as provided
in Section 4.01 or maintained by the Trustee in its capacity as Security registrar for such Series, if so acting. The Trustee may destroy
any list furnished to it as provided in Section 4.01 upon receipt of a new list so furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In case three or more Holders of Registered Securities of any Series (hereinafter referred to as &ldquo;<B>applicants</B>&rdquo;)
apply in writing to the Trustee and furnish to the Trustee reasonable proof that each such applicant has owned a Security for a period
of at least six months preceding the date of such application, and such application states that the applicants desire to communicate with
other Holders of Securities of a particular Series (in which case the applicants must all hold Securities of such Series) or with Holders
of all Securities with respect to their rights under this Indenture or under such Securities and such application is accompanied by a
copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five Business
Days after the receipt of such application, at its election, either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>afford to such applicants access to the information preserved at the time by the Trustee in accordance with the provisions of subsection
(a) of this Section 4.02, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>inform such applicants as to the approximate number of Holders of Securities of such Series or all Securities, as the case may
be, whose names and addresses appear in the information preserved at the time by the Trustee, in accordance with the provisions of subsection
(a) of this Section&nbsp;4.02, and as to the approximate cost of mailing to such Securityholders the form of proxy or other communication,
if any, specified in such application.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the Trustee shall elect not to afford to such applicants access to the information preserved at the time by the Trustee in accordance
with the provisions of subsection </FONT>(a) of this Section 4.02, the Trustee shall, upon the written request of such applicants, mail
to each Securityholder of such Series or all Securities, as the case may be, whose name and address appear in the information preserved
at the time by the Trustee in accordance with the provisions of subsection (a) of this Section 4.02, a copy of the form of proxy or other
communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed
and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender, the Trustee
shall mail to such applicants and file with the Commission together with a copy of the material to be mailed, a written statement to the
effect that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities of such
Series or all Securities, as the case may be, or could be in violation of applicable law. Such written statement shall specify the basis
of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall
enter an order refusing to sustain any of such objections or if, after the entry of such order sustaining one or more of such objections,
the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter
an order so declaring, the Trustee shall mail copies of such material to all such Securityholders with reasonable promptness after the
entry of such order and the renewal of such tender; otherwise, the Trustee shall be relieved of any obligation or duty to such applicants
respecting their application.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each and every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that the disclosure
of any such information as to the names and addresses of the Holders of Securities in accordance with the provisions of subsection (b)
of this Section 4.02, regardless of the source from which such information was derived, shall not be deemed to be a violation of any existing
law or any law enacted after the date hereof which does not specifically refer to Section 312(c) of the Trust Indenture Act, and that
the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under such subsection (b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
4.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Reports by the Company</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company covenants to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>file with the Trustee for the Securities of each Series, within 15 days after the Company is required to file the same with the
Commission (giving effect to any extensions thereof), copies of the annual reports and of the information, documents and other reports
(or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which
the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act or, if the Company
is not required to file information, documents or reports pursuant to either of such Sections, file with the Trustee and the Commission,
in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information,
documents and reports which may be required pursuant to Section 13 of the Exchange Act, or in respect of a security listed and registered
on a national securities exchange, as may be prescribed from time to time in such rules and regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission,
such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided
for in this Indenture as may be required from time to time by such rules and regulations, including, in the case of annual reports, if
required by such rules and regulations, certificates or opinions of independent public accountants, conforming to the requirements of
Section 14.05 hereof, as to compliance with conditions or covenants, compliance with which is subject to verification by accountants,
but no such certificate or opinion shall be required if it is not required pursuant to Section 314(a)(2) of the Trust Indenture Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>transmit by mail to the Holders of Registered Securities in the manner and to the extent required by Section 313(c) of the Trust
Indenture Act, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required
to be filed by the Company pursuant to subsections 4.03(a)(i) and 4.03(a)(ii) of this Section 4.03 as may be required to be transmitted
to such Holders by rules and regulations prescribed from time to time by the Commission; <U>provided</U> that any such information, documents
or reports filed or furnished with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (including any successor
thereto, &ldquo;<B>EDGAR</B>&rdquo;) system shall be deemed to be filed with the Trustee and transmitted to the Holders as of the time
such information, documents or reports are filed or furnished by EDGAR; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>furnish to the Trustee, not less often than annually on or before a date not more than four months after the end of each of its
fiscal years ending after the date hereof, a brief certificate from the principal executive officer, principal financial officer or principal
accounting officer of the Company as to his or her knowledge of the Company&rsquo;s compliance with all conditions and covenants under
this Indenture. For purposes of this subsection 4.03(a)(iv), such compliance shall be determined without regard to any period of grace
or requirement of notice provided under this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee&rsquo;s
receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained
therein, including the Company&rsquo;s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively
on Company Officers&rsquo; Certificates).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
4.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Reports by the Trustee</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required
pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust
Indenture Act, the Trustee shall, within 60 days after each May 15 following the date of this Indenture, deliver to Holders in the manner
required by Section 313(c) of the Trust Indenture Act a brief report, dated as of such May 15, which complies with the provisions of such
Section 313(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange,
if any, upon which the Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee when
the Securities are listed on any stock exchange or market and of any delisting thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
5</U></B></FONT><BR>
REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS<BR>
ON EVENT OF DEFAULT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Event of Default Defined; Acceleration of Maturity; Waiver of Default</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case one or more of the following Events of Default (unless it is either inapplicable to a particular Series or it is specifically
deleted from or modified in the indenture supplement, the Company Board Resolution or other instrument establishing such Series and the
form of Security for such Series) shall have occurred and be continuing with respect to any Series of Securities:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>default in the payment of any installment of interest upon any Security of such Series as and when the same shall become due and
payable, and continuance of such default for a period of 30 days; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>default in the payment of the principal of the Securities of such Series as and when the same shall become due and payable either
at maturity, upon redemption (for any sinking fund payment or otherwise), by declaration or otherwise; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part of the Company
in the Securities of such Series, or in this Indenture contained and relating to such Series, for a period of 90 days after the date on
which written notice specifying such failure and requiring the Company to remedy the same and stating that such notice is a &ldquo;<B>Notice
of Default</B>&rdquo; hereunder shall have been given by registered or certified mail to the Company by the Trustee for the Securities
of such Series, or to the Company and the Trustee by the Holders of not less than 25% in aggregate principal amount at maturity of the
Securities of such Series then Outstanding; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Company shall make an assignment for the benefit of creditors, or shall file a petition in bankruptcy; or the Company shall
be adjudicated insolvent or bankrupt, or shall petition or shall apply to any court having jurisdiction in the premises for the appointment
of a receiver, trustee, liquidator or sequestrator of, or for, the Company or any substantial portion of the property of the Company;
or the Company shall commence any proceeding relating to the Company or any substantial portion of the property of the Company under any
insolvency, reorganization, arrangement or readjustment of debt, dissolution, winding-up, adjustment, composition or liquidation law or
statute of any jurisdiction, whether now or hereafter in effect (hereinafter in this clause (d) called &ldquo;<B>Proceeding</B>&rdquo;);
or if there shall be commenced against the Company any Proceeding and an order approving the petition shall be entered, or such Proceeding
shall remain undischarged or unstayed for a period of 90 days; or a receiver, trustee, liquidator or sequestrator of, or for, the Company
or any substantial portion of the property of the Company shall be appointed and shall not be discharged within a period of 90 days; or
the Company by any act shall indicate consent to or approval of or acquiescence in any Proceeding or the appointment of a receiver, trustee,
liquidator or sequestrator of, or for, the Company or any substantial portion of the property of the Company; <U>provided</U> that a resolution
or order for winding-up the Company with a view to its consolidation, amalgamation or merger with another entity or the transfer of its
assets as a whole, or substantially as a whole, to such other entity as provided in Section 9.01 shall not make the rights and remedies
herein enforceable under this clause (d) if such last-mentioned entity shall, as a part of such consolidation, amalgamation, merger or
transfer, and within 90 days from the passing of the resolution or the date of the order, comply with the conditions to that end stated
in Section 9.01; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any other Event of Default provided in the supplemental indenture or Company Board Resolution under which such Series of Securities
is issued or in the form of Security for such Series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 27; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">then
and in each and every such case (other than an Event of Default under clause </FONT>(d) above), so long as such Event of Default with
respect to such Series shall not have been remedied or waived, unless the principal of all Securities of such Series shall have already
become due and payable, either the Trustee for such Series or the Holders of not less than 25% in aggregate principal amount at maturity
of the Securities of such Series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such
Holders), may declare the principal (or, in the case of Discount Securities, such principal amount as may be determined in accordance
with the terms thereof) of all the Securities of such Series to be due and payable immediately, and upon any such declaration the same
shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such Series contained to the
contrary notwithstanding. With respect to an Event of Default described under clause (d) above, the principal of all Securities of such
Series shall become immediately due and payable without any declaration or other act by the Trustee or the Holders. This provision, however,
is subject to the condition that if at any time after the principal of the Securities of such Series (or, in the case of Discount Securities,
such principal amount as may be determined in accordance with the terms thereof) shall have been so declared due and payable, and before
any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, (x)&nbsp;the Company
shall pay or shall deposit with the Trustee a sum sufficient to pay in the Currency in which the Securities of such Series are payable
(except as otherwise provided pursuant to Section&nbsp;2.03 for the Securities of such Series and except as provided in Sections 2.12(b),
(e) and (f)) all matured installments of interest, if any, upon all the Securities of such Series and the principal of any and all Securities
of such Series which shall have become due otherwise than by such acceleration (with interest upon such principal and, to the extent that
payment of such interest is enforceable under applicable law, upon overdue installments of interest, at the rate borne by the Securities
of such Series (or, in the case of Discount Securities, at the yield to maturity) to the date of such payment or deposit) and in Dollars
such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel and all other expenses
and liabilities incurred, and all advances made, by the Trustee, its agents, attorneys and counsel, and (y) any and all defaults under
this Indenture, other than the nonpayment of the principal of Securities of such Series which shall have become due by such acceleration,
shall have been remedied, then and in every such case the Holders of a majority in aggregate principal amount at maturity of the Securities
of such Series then Outstanding, by written notice to the Company and to the Trustee for the Securities of such Series, may waive all
defaults and rescind and annul such declaration and its consequences; but no such waiver or rescission and annulment shall extend to or
shall affect any subsequent default or shall impair any right consequent thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Collection of Indebtedness by Trustee; Trustee May Prove Debt</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company covenants that (a) in case default shall be made in the payment of any installment of interest on any of the Securities of
any Series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days or (b)
in case default shall be made in the payment of all or any part of the principal of any of the Securities of any Series when the same
shall have become due and payable, whether upon maturity of the Securities of such Series or upon any redemption or by declaration or
otherwise, then upon demand of the Trustee for the Securities of such Series, the Company will pay to the Trustee for the Securities
of such Series, for the benefit of the Holders of the Securities of such Series and the Holders of any Coupons appertaining thereto,
the whole amount that then shall have become due and payable on all Securities of such Series or such Coupons for principal of or interest,
as the case may be (with interest to the date of such payment upon the overdue principal and, to the extent that payment of such interest
is enforceable under applicable law, on overdue installments of interest at the same rate as the rate of interest specified in the Securities
of such Series); and in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including
reasonable compensation to the Trustee and each predecessor Trustee, their respective agents, attorneys and counsel, and any expenses
and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Until such demand is made by the Trustee, the Company
may pay the principal of and interest on the Securities of any Series to the Persons entitled thereto, whether or not the principal of
and interest on the Securities of such Series are overdue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In case the Company shall fail forthwith to pay
such amounts upon such demand, the Trustee for the Securities of such Series, in its own name and as trustee of an express trust, shall
be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid,
and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against
the Company or other obligor upon such Securities and collect in the manner provided by law out of the property of the Company or other
obligor upon such Securities and Coupons, wherever situated, the moneys adjudged or decreed to be payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 28; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
case there shall be any judicial proceedings relative to the Company or other obligor upon such Securities and Coupons, if any, or to
the creditors or property of the Company or other obligor, the Trustee, irrespective of whether the principal of any Securities shall
then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any
demand pursuant to the provisions of this </FONT>Section 5.02, shall be entitled and empowered, by intervention in such proceedings or
otherwise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to file and prove a claim or claims for the whole amount of principal (or, if the Securities of such Series are Discount Securities,
such portion of the principal amount as may be due and payable with respect to the Securities of such Series pursuant to a declaration
in accordance with Section 5.01) and interest owing and unpaid in respect of the Securities of such Series, and to file such other papers
or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation
to the Trustee and each predecessor Trustee, and their respective agents, attorneys and counsel, and for reimbursement of all expenses
and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee) and of the Securityholders and the Holders
of any Coupons appertaining thereto allowed in any judicial proceedings relative to the Company or other obligor upon all Securities of
such Series, or to the creditors or property of the Company or other obligor; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute all amounts received
with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver or liquidator, custodian
or other similar official is hereby authorized by each of the Holders to make payments to the Trustee for the Securities of such Series,
and, in the event that such Trustee shall consent to the making of payments directly to the Securityholders, to pay to such Trustee such
amounts as shall be sufficient to cover reasonable compensation to such Trustee, each predecessor Trustee and their respective agents,
attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by such Trustee and each predecessor Trustee
and all other amounts due to such Trustee or any predecessor Trustee pursuant to Section 6.06.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Nothing herein contained shall be deemed to authorize
the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement,
adjustment or composition affecting the Securities of any Series or the rights of any Holder thereof, or to authorize the Trustee to vote
in respect of the claim of any Securityholder in any such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy
or similar Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All rights of action and of asserting claims under
this Indenture, or under any of the Securities of any Series or any Coupon appertaining thereto, may be enforced by the Trustee for the
Securities of such Series without the possession of any of the Securities of such Series or any Coupon appertaining thereto or the production
thereof at any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought
in its own name as trustee of an express trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and
compensation of the Trustee, each predecessor Trustee and their respective agents and attorneys, shall be for the ratable benefit of the
Holders of the Securities of such Series and Holders of any Coupons in respect of which such action was taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In any proceedings brought by the Trustee for the
Securities of any Series (and also any proceedings involving the interpretation of any provision of this Indenture to which the Trustee
shall be a party), the Trustee shall be held to represent all the Holders of the Securities of such Series and Coupons appertaining thereto
in respect to which such action was taken, and it shall not be necessary to make any Holders of such Securities and Coupons appertaining
thereto parties to any such proceedings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Application of Proceeds</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Any moneys collected by the Trustee for the Securities of any Series pursuant to this Article shall be applied in the following order
at the date or dates fixed by such Trustee and, in case of the distribution of such moneys on account of principal or interest, upon
presentation of the Securities of such Series and any Coupons appertaining thereto in respect of which moneys have been collected and
stamping (or otherwise noting) thereon the payment, or issuing Securities of such Series in reduced principal amounts in exchange for
the presented Securities of like Series if only partially paid, or upon surrender thereof if fully paid:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FIRST:
To the payment of costs and expenses applicable to such Series in respect of which moneys have been collected, including reasonable compensation
to the Trustee and each predecessor Trustee and their respective agents and attorneys and of all expenses and liabilities incurred, including
the costs and expenses of collection incurred, and all advances made, by the Trustee and each predecessor Trustee and all other amounts
due to the Trustee or any predecessor Trustee pursuant to </FONT>Section 6.06;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 29; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECOND: In case the principal of the Securities
of such Series in respect of which moneys have been collected shall not have become and be then due and payable, to the payment of interest
on the Securities of such Series in default in the order of the maturity of the installments of such interest, with interest (to the extent
that such interest is permissible by law and that such interest has been collected by the Trustee) upon the overdue installments of interest
at the same rate as the rate of interest specified in such Securities, such payments to be made ratably to the Persons entitled thereto,
without discrimination or preference;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIRD: In case the principal of the Securities
of such Series in respect of which moneys have been collected shall have become and shall be then due and payable, to the payment of the
whole amount then owing and unpaid upon all the Securities of such Series for principal and interest, with interest upon the overdue principal,
and (to the extent that payment of such interest is permissible by law and that such interest has been collected by the Trustee) upon
overdue installments of interest at the same rate as the rate of interest specified in the Securities of such Series; and in case such
moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such Series, then to the payment
of such principal and interest without preference or priority of principal over interest or of interest over principal, or of any installment
of interest over any other installment of interest, or of any Security of such Series over any other Security of such Series, ratably
to the aggregate of such principal and accrued and unpaid interest; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">FOURTH: To the payment of the remainder, if any,
to the Company or to such party as a court of competent jurisdiction shall direct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Trustee may fix a record date and payment date
for any payment to Holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Suits for Enforcement</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case an Event of Default has occurred, has not been waived and is continuing, the Trustee may in its discretion proceed to protect
and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual
to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement
of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to enforce
any other legal or equitable right vested in the Trustee by this Indenture or by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Restoration of Rights on Abandonment of Proceedings</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case the Trustee for the Securities of any Series shall have proceeded to enforce any right under this Indenture and such proceedings
shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such
case, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies
and powers of the Company, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.06.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Limitations on Suits by Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
No Holder of any Security of any Series or Holder of any Coupon shall have any right by virtue or by availing of any provision of this
Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under or with respect to this
Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder,
unless (a) such Holder previously shall have given to the Trustee written notice of default and of the continuance thereof, as provided
in </FONT>Section 5.01, (b) the Holders of not less than a majority in aggregate principal amount of the Securities of such Series then
Outstanding shall have made written request upon the Trustee to institute such action or proceedings in its own name as trustee hereunder,
(c) such Holder or Holders shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses
and liabilities to be incurred therein or thereby, (d)&nbsp;the Trustee for 60 days after its receipt of such notice, request and offer
of indemnity shall have failed to institute any such action or proceeding, and (e) no direction inconsistent with such written request
shall have been given to the Trustee pursuant to Section 5.09; it being understood and intended, and being expressly covenanted by the
taker and Holder of every Security and by a Holder of each Coupon appertaining thereto with every other taker and Holder of a Security
or Holder of any Coupon appertaining thereto and the Trustee, that no one or more Holders of Securities of any Series or one or more
Holders of any Coupons appertaining thereto shall have any right in any manner whatever, by virtue or by availing of any provision of
this Indenture to affect, disturb or prejudice the rights of any other such Holder of Securities or any other Holders of such Coupons,
or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this Indenture, except
in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the applicable Series and
all the Holders of Coupons appertaining thereto. For the protection and enforcement of the provisions of this Section 5.06, each and
every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 30; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.07.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Unconditional Right of Securityholders to Institute Certain Suits</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Notwithstanding any provision in this Indenture and any provision of any Security or Coupon, the right of any Holder of any Security
and the right of any Holder of any Coupon appertaining thereto to receive payment of the principal of and interest on such Security at
the respective rates, in the respective amount and in the Currency therein prescribed on or after the respective due dates expressed
in such Security, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired
or affected without the consent of such Holder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.08.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Except as provided in </FONT>Section 5.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Securityholders
is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion
or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
delay or omission of the Trustee or of any Securityholder to exercise any right or power accruing upon any Event of Default occurring
and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or
an acquiescence therein; and, subject to </FONT>Section 5.06, every power and remedy given by this Indenture or by law to the Trustee,
to the Securityholders or to the Holder of any Coupon may be exercised from time to time, and as often as shall be deemed expedient, by
the Trustee, the Securityholders or Holders of any Coupon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.09.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Control by Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Holders of a majority in aggregate principal amount of the Securities of each Series affected (with each Series treated as a separate
class) at the time Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to the Securities of such Series by
this Indenture; <U>provided</U> that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture
and <U>provided</U> <U>further</U> that (subject to the provisions of </FONT>Section 6.01) the Trustee shall have the right to decline to follow
any such direction if the Trustee, being advised by counsel, shall determine that the actions or proceeding so directed may not lawfully
be taken or that the actions or proceedings so directed would involve the Trustee in personal liability or if a trust committee of Responsible
Officers in good faith shall determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial
to the interests of Holders of the Securities of all Series or of the Holders of any Coupons appertaining thereto so affected not joining
in the giving of said direction, it being understood that (subject to Section 6.01) the Trustee shall have no duty to ascertain whether
or not such actions or forbearances are unduly prejudicial to such Holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Nothing in this Indenture shall impair the right
of the Trustee in its discretion to take any action deemed proper by the Trustee and which is not inconsistent with such direction or
directions by Securityholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.10.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Waiver of Past Defaults<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
</FONT></I>Prior to the declaration of the acceleration of the maturity of the Securities of any Series as provided in Section 5.01,
the Holders of a majority in aggregate principal amount of the Securities of such Series at the time Outstanding may, on behalf of the
Holders of all the Securities of such Series and Holders of all Coupons, if any, appertaining thereto waive any past default hereunder
or its consequences, except a default in the payment of principal or interest on any of the Securities of such Series. In the case of
any such waiver, the Company, the Trustee, the Holders of the Securities of such Series and the Holders of any Coupons appertaining thereto
shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or
other default or impair any right consequent thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon any such waiver, such default shall cease
to exist and be deemed to have been cured and not to have occurred, and any Event of Default arising therefrom shall be deemed to have
been cured and not to have occurred for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default
or Event of Default or impair any right consequent thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 31; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.11.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Trustee to Give Notice of Default, But May Withhold in Certain Circumstances<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
</FONT></I>The Trustee shall transmit to the Securityholders of any Series notice, in the manner and to the extent provided in Section
313(c) of the Trust Indenture Act, of all defaults which have occurred with respect to such Series, such notice to be transmitted within
90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term &ldquo;<B>default</B>&rdquo;
or &ldquo;<B>defaults</B>&rdquo; for the purposes of this Section 5.11 and Section 6.02(h) being hereby defined to mean any event or
condition which is, or with notice or lapse of time or both would become, an Event of Default); <U>provided</U> that, except in the case
of default in the payment of the principal of or interest on any of the Securities of such Series or any default in the payment of any
sinking fund installment or analogous obligation in respect of any of the Securities of such Series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, executive committee or a trust committee of Responsible Officers of
the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders of such Series. In
the case of any default of the character specified in Section 5.01(c) with respect to Securities of such Series, no such notice to Holders
shall be given until at least 30 days after the occurrence thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
5.12.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Right of Court to Require Filing of Undertaking to Pay Costs<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
</FONT></I>All parties to this Indenture agree, and each Holder of any Security and each Holder of any Coupon, by such Holder&rsquo;s
acceptance thereof, shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of
any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing
by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys&rsquo; fees and expenses, against any party litigant in such suit, having due regard
to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 5.12 shall not
apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of Securityholders of any Series holding
in the aggregate more than 10% in aggregate principal amount of the Securities of such Series, or to any suit instituted by any Securityholder
for the enforcement of the payment of the principal of or interest on any Security on or after the due date expressed in such Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
6</U></B></FONT><BR>
CONCERNING THE TRUSTEE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Duties and Responsibilities of the Trustee; During Default; Prior to Default</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
With respect to the Holders of any Series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default
with respect to the Securities of a particular Series and after the curing or waiving of all Events of Default which may have occurred
with respect to such Series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture.
In case an Event of Default with respect to the Securities of a Series has occurred (which has not been cured or waived) of which a Responsible
Officer has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same
degree of care and skill in their exercise, as a prudent individual would exercise or use under the circumstances in the conduct of such
individual&rsquo;s own affairs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No provision of this Indenture shall be construed
to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prior to the occurrence of an Event of Default with respect to the Securities of any Series and after the curing or waiving of
all such Events of Default with respect to such Series which may have occurred:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the duties and obligations of the Trustee with respect to the Securities of any Series shall be determined solely by the express
provisions of this Indenture, and the Trustee need only perform such duties and obligations as are specifically set forth in this Indenture,
and no implied covenants or obligations shall be read into this Indenture against the Trustee; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture; but in the case of any such statements, certificates or opinions which by any provision are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform
to the requirements of this Indenture;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 32; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers,
unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with
the direction of the Holders pursuant to Section 5.09 relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">None of the provisions contained in this Indenture
shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of
its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of
such funds or adequate indemnity against such liability is not reasonably assured to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee shall be subject to the conditions of this </FONT>Section 6.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Certain Rights of the Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Subject to </FONT>Section 6.01:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee may conclusively rely and shall be protected with respect to any actions or omissions conducted in reliance upon any
Company Board Resolution, Company Officers&rsquo; Certificate, Exchange Rate Officers&rsquo; Certificate, Company Order, certificate pursuant
to Section 4.03(a)(iv) or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture,
note, coupon, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party
or parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Officers&rsquo;
Certificate (unless other evidence in respect thereof be herein specifically prescribed).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee may consult with counsel of its selection and any advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and
in accordance with such advice or Opinion of Counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture at the request,
order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have
offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred therein
or thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within
the discretion, rights or powers conferred upon it by this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the occurrence of any Event of Default hereunder and after the curing or waiving of all Events of Default, the Trustee
shall not be bound to make any investigation into the facts or matters stated in any Company Board Resolution, Company Officers&rsquo;
Certificate, Exchange Rate Officers&rsquo; Certificate, certificate pursuant to Section 4.03(a)(iv), Company Order or any other certificate,
statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security
or other paper or document unless requested in writing to do so by the Holders of not less than a majority in aggregate principal amount
of the Securities of all Series affected then Outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys not regularly in its employ, and the Trustee shall not be responsible for any misconduct or negligence on the part
of any such agent or attorney appointed with due care by it hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 33; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee shall not be deemed to have notice of any default or Event of Default (other than any Event of Default under Section
5.01(a) or 5.01(b)) unless a Responsible Officer has actual knowledge thereof or unless written notice of such default or Event of Default
is received by the Trustee at the Corporate Trust Office of the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended
to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed
to act hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee may request that the Company deliver a Company Officers&rsquo; Certificate setting forth the names of individuals and/or
titles of officers authorized at such time to take specified actions pursuant to this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Trustee Not Responsible for Recitals, Disposition of Securities or Application
of Proceeds Thereof</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The recitals contained herein and
in the Securities, except the Trustee&rsquo;s certificate of authentication, shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency
of this Indenture or of any Securities or Coupons. The Trustee represents that it is duly authorized to execute and deliver this Indenture
and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of any of the Securities
or of the proceeds thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Trustee and Agents May Hold Securities; Collections, etc</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee, any Paying Agent, any Security registrar or any agent of the Company or the Trustee, in its individual or any other capacity,
may become the owner or pledgee of Securities or Coupons with the same rights it would have if it were not serving in such capacity and,
subject to Sections </FONT>6.08 and 6.13, if operative, may otherwise deal with the Company and receive, collect, hold and retain collections
from the Company with the same rights it would have if it were not serving in such capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Moneys Held by Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Subject to the provisions of </FONT>Section 10.04, all moneys received by the Trustee shall, until used or applied as herein provided,
be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required
by mandatory provisions of law. Neither the Trustee nor any agent of the Company or the Trustee shall be under any liability for interest
on any moneys received by it hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.06.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Compensation and Indemnification of Trustee and Its Prior Claim</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as
shall be agreed in writing between the Company and the Trustee in Dollars (which shall not be limited by any provision of law in regard
to the compensation of a trustee of an express trust) and the Company covenants and agrees to pay or reimburse the Trustee and each predecessor
Trustee upon its request in Dollars for all reasonable expenses, disbursements and advances actually incurred or made by or on behalf
of it in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements
of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may
arise from its fraud, negligence or bad faith. The Company also covenants to indemnify the Trustee and each predecessor Trustee for,
and to hold it harmless against, any and all losses, liabilities, damages, claims and expenses, including taxes (other than taxes based
on the income of the Trustee), actually incurred without fraud, negligence or bad faith on its part, arising out of or in connection
with the acceptance or administration of this Indenture or the trusts hereunder and its duties hereunder, including the reasonable costs
and expenses of defending itself against or investigating any claim (whether asserted by the Company, a Holder or any other Person) or
liability in connection with the exercise or performance of any of its powers or duties hereunder. The obligations of the Company under
this </FONT>Section 6.06 to compensate and indemnify the Trustee and each predecessor Trustee and to pay or reimburse the Trustee and
each predecessor Trustee for reasonable expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall
survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. Such additional indebtedness
shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds
held in trust for the benefit of the Holders of particular Securities or the Holders of particular Coupons, and the Securities are hereby
subordinated to such senior claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 34; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
the Trustee incurs expenses or renders services in connection with an Event of Default specified in clause </FONT>(d) of Section 5.01,
the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute
expenses of administration under any applicable federal or state bankruptcy, insolvency or other similar law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.07.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Right of Trustee to Rely on Officers&rsquo; Certificate, etc</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Subject to Sections </FONT>6.01 and 6.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary
or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless
other evidence in respect thereof be herein specifically prescribed) may, in the absence of fraud, negligence or bad faith on the part
of the Trustee, be deemed to be conclusively proved and established by a Company Officers&rsquo; Certificate delivered to the Trustee,
and such Company Officers&rsquo; Certificate, in the absence of fraud, negligence or bad faith on the part of the Trustee, shall be full
warrant to the Trustee for any action taken, suffered or omitted by it or under the provisions of this Indenture upon the faith thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.08.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Disqualification of Trustee; Conflicting Interests</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If the Trustee for the Securities of any Series has or shall acquire any conflicting interest, as defined in the Trust Indenture Act,
the Trustee shall, within 90 days after ascertaining that it has such conflicting interest, and if the default (as defined in the Trust
Indenture Act) to which such conflicting interest relates has not been cured or waived or otherwise eliminated before the end of such
90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in the Trust Indenture
Act and this Indenture. If the Trustee does not eliminate such conflicting interest or resign, then, within 10 days of the expiration
of such 90-day period, the Trustee shall transmit notice of its failure to do so to each Holder in the manner and to the extent provided
in Section 313(c) of the Trust Indenture Act. Further, if the Trustee does not so resign, each holder of the Securities of any Series
for which such Trustee acts as trustee shall have the rights provided under, and subject to the limitations set forth in, Section 310(b)(iii)
of the Trust Indenture Act. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting
interest by virtue of being a trustee under this Indenture with respect to Securities of more than one Series.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.09.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Persons Eligible for Appointment as Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee for each Series of Securities hereunder shall at all times be a corporation organized and doing business under the laws of
the United States of America or of any state or the District of Columbia having a combined capital and surplus of at least $100,000,000
and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by federal, state
or District of Columbia authority and which has a Corporate Trust Office in any state of the United States of America. If such corporation
publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this </FONT>Section 6.09, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to
be eligible in accordance with the provisions of this Section 6.09, the Trustee shall resign immediately in the manner and with the effect
specified in Section 6.10. Neither the Company nor any other obligor upon the Securities shall serve as the Trustee pursuant to this
Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.10.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Resignation and Removal; Appointment of Successor Trustee</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No resignation or removal of the Trustee and no appointment of a successor trustee pursuant to this Article shall become effective
until acceptance of such appointment by the successor trustee in accordance with Section 6.11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all Series of
Securities by giving written notice of resignation to the Company and by mailing notice thereof to the Holders in the manner and to the
extent provided in Section 14.04. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee or
trustees with respect to the applicable Series by written instrument in duplicate, authorized by a Company Board Resolution and executed
by the Company, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee or trustees.
If no successor trustee shall have been so appointed with respect to any Series and have accepted appointment within 60 days after the
mailing of such notice of resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction
for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable
Series for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated,
petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem
proper and prescribe, appoint a successor trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 35; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In case at any time any of the following shall occur:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Trustee shall fail to comply with the provisions of Section 6.08 with respect to any Series of Securities after written request
therefor by the Company pursuant to a Company Order or by any Securityholder who has been a bona fide Holder of a Security or Securities
of such Series for at least six months unless the Trustee&rsquo;s duty to resign is stayed in accordance with the provisions of Section&nbsp;310(b)
of the Trust Indenture Act; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Trustee shall cease to be eligible in accordance with the provisions of Section 6.09 and shall fail to resign upon written
request by the Company pursuant to a Company Order or by any Securityholder; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Trustee shall become incapable of acting with respect to any Series of the Securities, or shall be adjudged a bankrupt or insolvent,
or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of
the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">then,
in any such case, the Company may remove the Trustee with respect to the applicable Series of Securities and appoint a successor trustee
for such Series by written instrument, in duplicate, authorized by a Company Board Resolution and executed by the Company, one copy of
which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of
</FONT>Section 5.12, any Securityholder who has been a bona fide Holder of a Security or Securities of such Series for at least six months
may on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor trustee with respect to such Series. Such court may thereupon, after such notice, if any, as it may
deem proper and prescribe, remove the Trustee and appoint a successor trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Holders of a majority in aggregate principal amount of the Securities of each Series at the time Outstanding may at any time
remove the Trustee with respect to Securities of such Series and appoint a successor trustee with respect to the Securities of such Series
by delivering to the Trustee so removed, to the successor trustee so appointed and to the Company the evidence provided for in Section
7.01 of the action in that regard taken by the Securityholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If no successor trustee shall have been appointed
with respect to such Series within 30 days after the mailing of such notice of removal, the Trustee being removed may petition, at the
expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee with respect to the Securities
of such Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any resignation or removal of the Trustee with respect to any Series and any appointment of a successor trustee with respect to
such Series pursuant to any of the provisions of this Section 6.10 shall become effective upon acceptance of appointment by the successor
trustee as provided in Section 6.11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.11.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Acceptance of Appointment by Successor Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Any successor trustee appointed as provided in </FONT>Section 6.10 shall execute and deliver to the Company and to its predecessor Trustee
an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee with respect
to all or any applicable Series shall become effective and such successor trustee, without any further act, deed or conveyance, shall
become vested with all rights, powers, duties and obligations with respect to such Series of its predecessor hereunder, with like effect
as if originally named as trustee for such Series hereunder; but, nevertheless, on the written request of the Company pursuant to a Company
Order or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall pay over to the successor
trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee
all such rights, powers, duties and obligations. Upon request of any such successor trustee, the Company shall execute any and all instruments
in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing
to act shall, nevertheless, retain a prior claim upon all property or funds held or collected by such trustee to secure any amounts then
due it pursuant to the provisions of Section 6.06.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 36; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If a successor trustee is appointed with respect
to the Securities of one or more (but not all) Series, the Company, the predecessor Trustee and each successor trustee with respect to
the Securities of any applicable Series shall execute and deliver an indenture supplemental hereto which shall contain such provisions
as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect
to the Securities of any Series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee,
and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute
such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts under separate indentures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
successor trustee with respect to any Series of Securities shall accept appointment as provided in this </FONT>Section 6.11 unless at
the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions
of Section 6.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
acceptance of appointment by any successor trustee as provided in this </FONT>Section 6.11, the Company shall give notice in the manner
and to the extent provided in Section 14.04 to the Holders of Securities of any Series for which such successor trustee is acting as trustee
at their last addresses as they shall appear in the Security register. If the acceptance of appointment is substantially contemporaneous
with the resignation, then the notice called for by the preceding sentence may be combined with any notice called for by Section 6.10.
If the Company fails to mail such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee
shall cause such notice to be mailed at the expense of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.12.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Merger, Conversion, Consolidation or Succession to Business of Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Any entity into which the Trustee may be merged or converted or with which it may be consolidated, or any entity resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any entity succeeding to all or substantially all the corporate
trust business of the Trustee, shall become the successor trustee hereunder; <U>provided</U> that such entity shall be qualified under
the provisions of </FONT>Section 6.08 and eligible under the provisions of Section&nbsp;6.09, without the execution or filing of any
paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In case at the time such successor trustee shall
succeed to the trusts created by this Indenture any of the Securities of any Series shall have been authenticated but not delivered, any
such successor trustee may adopt the certificate of authentication of any predecessor Trustee and deliver such Securities so authenticated;
and, in case at that time any of the Securities of any Series shall not have been authenticated, any successor trustee may authenticate
such Securities either in the name of any predecessor Trustee hereunder or in the name of the successor trustee; and in all such cases
such certificates shall have the full force which it is anywhere in the Securities of such Series or in this Indenture provided that the
certificate of the Trustee shall have; <U>provided</U> that the right to adopt the certificate of authentication of any predecessor Trustee
or to authenticate Securities of any Series in the name of any predecessor Trustee shall apply only to its successor or successors by
merger, conversion or consolidation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
6.13.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Preferential Collection of Claims Against the Company</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If and when the Trustee shall be or become a creditor, directly or indirectly, secured or unsecured, of the Company (or any other obligor
upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against
the Company (or any such other obligor).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 37; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
7</U></B></FONT><BR>
CONCERNING THE SECURITYHOLDERS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Evidence of Action Taken by Securityholders</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or
taken by a specified percentage in principal amount of the Securityholders of any or all Series may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such specified percentage of Securityholders in person or by agent duly appointed
in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments
are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Sections 6.01 and 6.02) conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Article.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The ownership of Registered Securities shall be proved by the Security register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The amount of Unregistered Securities held by any Person executing any instrument or writing as a Securityholder, the numbers of
such Unregistered Securities and the date of such Person&rsquo;s holding the same may be proved by the production of such Securities or
by a certificate executed by any trust company, bank, broker or member of a national securities exchange (wherever situated), as depositary,
if such certificate is in form satisfactory to the Trustee, showing that at the date therein mentioned such Person had on deposit with
such depositary, or exhibited to it, the Unregistered Securities therein described; or such facts may be proved by the certificate or
affidavit of the Person executing such instrument or writing as a Securityholder, if such certificate or affidavit is in form satisfactory
to the Trustee. The Trustee and the Company may assume that such ownership of any Unregistered Security continues until (i) another certificate
or affidavit bearing a later date issued in respect of the same Unregistered Security is produced, or (ii) such Unregistered Security
is produced by some other Person, or (iii)&nbsp;such Unregistered Security is surrendered in exchange for a Registered Security, or (iv)
such Unregistered Security has been cancelled in accordance with Section 2.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Proof of Execution of Instruments</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Subject to Sections </FONT>6.01 and 6.02, the execution of any instrument by a Securityholder or his agent or proxy may be proved in
accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory
to the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Holders to Be Treated as Owners</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the Person in whose name any Security shall be
registered upon the Security register for such Series as the absolute owner of such Security (whether or not such Security shall be overdue
and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the
principal of and interest on such Security and for all other purposes; and none of the Company, the Trustee or any agent of the Company
or the Trustee shall be affected by any notice to the contrary. All such payments so made to any such Person, or upon such Person&rsquo;s
order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable
upon any such Security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Securities Owned by Company Deemed Not Outstanding</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In determining whether the Holders of the requisite aggregate principal amount of Outstanding Securities of any or all Series have concurred
in any direction, consent or waiver under this Indenture or whether a quorum is present at a meeting of Holders of Securities, Securities
that are owned by the Company or any other obligor on the Securities with respect to which such determination is being made or by any
Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor
on the Securities with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding for the
purpose of any such determination, except that, for the purpose of determining whether the Trustee shall be protected in relying on any
such direction, consent or waiver, and for the purpose of determining the presence of a quorum, only Securities which a Responsible Officer
actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding
if the pledgee establishes to the satisfaction of the Trustee the pledgee&rsquo;s right so to act with respect to such Securities and
that the pledgee is not the Company or other obligor on such Securities or any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company or any other obligor on such Securities. In case of a dispute as to such
right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice.
Upon request of the Trustee, the Company shall furnish to the Trustee promptly a Company Officers&rsquo; Certificate listing and identifying
all Securities, if any, known by the Company to be owned or held by or for the account of any of the above-described Persons; and, subject
to Sections </FONT>6.01 and 6.02, the Trustee shall be entitled to accept such Company Officers&rsquo; Certificate as conclusive evidence
of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding for the purpose of any such determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 38; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Right of Revocation of Action Taken</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
At any time prior to (but not after) the evidencing to the Trustee, as provided in </FONT>Section 7.01, of the taking of any action by
the Holders of the percentage in aggregate principal amount of the Securities of any or all Series, as the case may be, specified in
this Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included
among the serial numbers of the Securities the Holders of which have consented to such action may, by filing written notice at the Corporate
Trust Office and upon proof of holding as provided in this Article, revoke such action so far as it concerns such Security. Except as
aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders
and owners of such Security and of any Securities issued in exchange or substitution therefor, irrespective of whether or not any notation
in regard thereto is made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of
the Securities of any or all Series, as the case may be, specified in this Indenture in connection with such action shall be conclusively
binding upon the Company, the Trustee and the Holders of all the Securities affected by such action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
7.06.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Record Date for Determination of Holders Entitled to Vote</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company may, in the circumstances permitted by the Trust Indenture Act, set a record date for the purpose of determining the Securityholders
entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other action, or to vote on any action
authorized or permitted to be given or taken by Securityholders. If not set by the Company prior to the first solicitation of a Securityholder
made by any Person in respect of any such action, or, in the case of any such vote, prior to such vote, the record date for any such
action or vote shall be the 30th day (or, if later, the date of the most recent list of Holders required to be provided pursuant to </FONT>Section
4.01) prior to such first solicitation or vote, as the case may be. With regard to any record date, only the Holders on such date (or
their duly appointed proxies) shall be entitled to give or take, or vote on, the relevant action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
8</U></B></FONT><BR>
SUPPLEMENTAL INDENTURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Supplemental Indentures Without Consent of Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Company, when authorized by a Company Board Resolution, and the Trustee for the Securities of any or all Series may, from time to
time and at any time, enter into one or more indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture
Act as in force at the date of the execution thereof), in form satisfactory to such Trustee, for one or more of the following purposes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to evidence the succession of another entity to the Company or successive successions, and the assumption by such entity of the
covenants, agreements and obligations of the Company herein and in the Securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to add to the Events of Default such further Events of Default for the protection of the Holders of Securities of any or all Series
(and, if such Events of Default are to be for the benefit of less than all the Series of Securities stating that such Events of Default
are being added solely for the benefit of one or more particular Series); <U>provided</U>, that, in respect of any such additional Events
of Default, such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer
than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit
the remedies available to the Trustee upon such an Event of Default or may limit the rights of the Holders of the applicable Securities
upon such an Event of Default;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to add to the covenants of the Company such further covenants for the protection of the Holders of Securities of any or all Series
(and, if such additional covenants are to be for the benefit of less than all the Series of Securities stating that such covenants are
being added solely for the benefit of one or more particular Series), or to surrender any right or power herein conferred upon the Company
with regard to all or any Securities of any or all Series (and, if such surrender is to be for the benefit of less than all the Series
of Securities stating that such surrender is being added solely for the benefit of one or more particular Series);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 39; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which may be
defective or inconsistent with any other provision contained herein or in any supplemental indenture; or to make such other provisions
in regard to matters or questions arising under this Indenture or under any supplemental indenture as the Company Board of Directors may
deem necessary or desirable and which shall not materially and adversely affect the interests of the Holders of the Securities or the
Holders of any Coupons;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to establish the form, terms and conditions of Securities of any Series and the Coupons, if any, as permitted by Sections 2.01
and 2.03;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to evidence and provide for the acceptance of appointment hereunder by a successor trustee with respect to the Securities of one
or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than the one Trustee, pursuant to the requirements of Section 6.11;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to delete, modify or add provisions of this Indenture; <U>provided</U> that, except as otherwise contemplated by Section 2.03,
such deletion, modification or addition does not apply to any Outstanding Security created prior to the date of such supplemental indenture;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to secure, or, if applicable, provide additional security for, any Securities and to provide for matters relating thereto, and
to provide for the release of any collateral as security for any Securities; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to amend or supplement any provision contained herein, which was required to be contained herein in order for this Indenture to
be qualified under the Trust Indenture Act, if the Trust Indenture Act or regulations thereunder change what is so required to be included
in qualified indentures, in any manner not inconsistent with what then may be required for such qualification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Trustee is hereby authorized to join with the
Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be
therein contained and to accept collateral thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture
which affects the Trustee&rsquo;s own rights, duties or immunities under this Indenture or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
supplemental indenture authorized by the provisions of this </FONT>Section 8.01 may be executed without the consent of the Holders of
any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Supplemental Indentures With Consent of Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
With the consent (evidenced as provided in Article </FONT>7) of the Holders of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of each Series affected by such supplemental indenture (treated as one class), the Company,
when authorized by a Company Board Resolution, and the Trustee may, from time to time and at any time, enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force at the date of execution thereof) for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner the rights of the Holders of the Securities of each such Series; <U>provided</U>, that the following
modifications and amendments will not be effective against any Holder without such Holder&rsquo;s consent: (a) a change in the stated
maturity date of any payment of principal or interest; (b) a reduction in the principal amount of, or interest on, any Security; (c)
an alteration or impairment of the right to convert at the rate or upon the terms provided in the Indenture; (d) a change in the Currency
in which any payment on the Securities is payable; (e) an impairment of a Holder&rsquo;s right to sue the Company for the enforcement
of payments due on the Securities; or (f) a reduction in the percentage of Outstanding Securities required to consent to a modification
or amendment of the Indenture or required to consent to a waiver of compliance with certain provisions of the Indenture or certain defaults
under the Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 40; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
request by the Company pursuant to a Company Order, accompanied by a copy of a Company Board Resolution authorizing the execution of any
such supplemental indenture, and upon the filing with the Trustee for such Series of Securities of evidence of the consent of Securityholders
as aforesaid and other documents, if any, required by </FONT>Section 7.01, the Trustee for such Series of Securities shall join with the
Company in the execution of such supplemental indenture unless such supplemental indenture affects such Trustee&rsquo;s own rights, duties
or immunities under this Indenture or otherwise, in which case such Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
shall not be necessary for the consent of the Securityholders under this </FONT>Section 8.02 to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promptly
after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this </FONT>Section 8.02,
the Company shall give notice in the manner and to the extent provided in Section 14.04 to the Holders of Securities of each Series affected
thereby at their addresses as they shall appear on the Securities register of the Company, setting forth in general terms the substance
of such supplemental indenture. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such supplemental indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the purposes of this </FONT>Section 8.02 only, if the Securities of any Series are issuable upon the exercise of warrants, each holder
of an unexercised and unexpired warrant with respect to such Series shall be deemed to be a Holder of Outstanding Securities of such Series
in the amount issuable upon the exercise of such warrant. For such purposes, the ownership of any such warrant shall be determined by
the Company in a manner consistent with customary commercial practices. The Trustee for such Series shall be entitled to rely on a Company
Officers&rsquo; Certificate as to the principal amount of Securities of such Series in respect of which consents shall have been executed
by holders of such warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Effect of Supplemental Indenture</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Upon the execution of any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture
of the Trustee, the Company and the Holders of Securities of each Series and Holders of Coupons affected thereby shall thereafter be
determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions
of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8.04.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Documents to Be Given to Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee, subject to the provisions of Sections </FONT>6.01 and 6.02, shall receive a Company Officers&rsquo; Certificate and an Opinion
of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article 8 complies with the applicable provisions
of this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
8.05.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Notation on Securities in Respect of Supplemental Indentures</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Securities of any Series (including any Coupons appertaining thereto), authenticated and delivered after the execution of any supplemental
indenture pursuant to the provisions of this Article may bear, upon the direction of the Company, a notation in form satisfactory to
the Trustee for the Securities of such Series as to any matter provided for by such supplemental indenture or as to any action taken
at any such meeting. If the Company or the Trustee shall so determine, new Securities of any Series (including any Coupons appertaining
thereto), so modified as to conform, in the opinion of the Trustee and the Company to any modification of this Indenture contained in
any such supplemental indenture may be prepared and executed by the Company, authenticated by the Trustee and delivered in exchange for
the Securities of such Series then Outstanding. Failure to make the appropriate notation or issue a new Security will not affect the
validity and effect of such amendment, supplement or waiver.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 41; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
9</U></B></FONT><BR>
CONSOLIDATION, MERGER, SALE OR CONVEYANCE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
9.01.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Company May Consolidate, etc., on Certain Terms</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this Indenture or in any of the Securities shall prevent any consolidation or merger of the Company with or
into any other entity or entities (whether or not affiliated with the Company), or successive consolidations or mergers in which the Company
or its successor or successors shall be a party or parties, or shall prevent any sale, conveyance or lease of all or substantially all
the property of the Company to any other entity (whether or not affiliated with the Company) authorized to acquire and operate the same;
<U>provided</U>, that in any such case: (i) either the Company shall be the surviving or continuing entity or the resulting or acquiring
entity, if other than the Company, is organized and existing under the laws of a United States jurisdiction and assumes all of the Company&rsquo;s
responsibilities and liabilities under the Indenture, including the payment of all amounts due on the Securities and performance of the
covenants in the Indenture; (ii) immediately after the transaction, and giving effect to the transaction, no Event of Default under the
Indenture exists; and (iii) the Company has delivered to the Trustee a Company Officers&rsquo; Certificate stating that the transaction
and, if a supplemental indenture is required in connection with the transaction, the supplemental indenture comply with the Indenture
and that all conditions precedent to the transaction contained in the Indenture have been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company consolidates or merges with or into any other entity or sells or leases all or substantially all of the Company&rsquo;s
assets in compliance with the terms and conditions of this Indenture, the resulting or acquiring entity will be substituted for the Company
in this Indenture and the Securities with the same effect as if such entity had been an original party to this Indenture and the Securities.
As a result, such successor entity may exercise the Company&rsquo;s rights and powers under the Indenture and the Securities, in the Company&rsquo;s
name and, except in the case of a lease, the Company will be released from all its liabilities and obligations under the Indenture and
under the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the foregoing provisions, the Company may transfer all of its property and assets to another entity if, immediately
after giving effect to the transfer, such entity is a Wholly Owned Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
9.02.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Successor Corporation Substituted</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case of any such consolidation, merger, sale or conveyance, and following such an assumption by the successor entity, such successor
entity shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor entity
may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the
Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the
order of such successor entity instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed,
the Trustee shall authenticate and shall deliver any Securities and Coupons, if any, appertaining thereto which previously shall have
been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor entity
thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities and Coupons, if any, appertaining
thereto so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities and Coupons, if any,
appertaining thereto theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities
and Coupons, if any, appertaining thereto had been issued at the date of the execution hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In case of any such consolidation, merger, sale,
lease or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities and Coupons, if any, appertaining
thereto thereafter to be issued as may be appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the event of any such sale or conveyance (other than a conveyance by way of lease) by the Company or any successor entity which shall
theretofore have become such in the manner described in this Article </FONT>9, the Company or such successor entity, as applicable, shall
be discharged from all obligations and covenants under this Indenture and the Securities and may be liquidated and dissolved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 42; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
9.03.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Opinion of Counsel to Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee, subject to the provisions of Sections </FONT>6.01 and 6.02, shall receive an Opinion of Counsel, prepared in accordance
with Section 14.05, as conclusive evidence that any such consolidation, merger, sale, lease or conveyance, any such assumption, any such
supplemental indenture, or any such liquidation or dissolution, complies with the applicable provisions of this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
10</U></B></FONT><BR>
SATISFACTION AND DISCHARGE; DEFEASANCE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.01.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Satisfaction and Discharge of Indenture</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If at any time (a) the Company shall have paid or caused to be paid the principal of and interest on all the Securities of any Series
and Coupons, if any, appertaining thereto Outstanding hereunder (other than Securities and Coupons which have been destroyed, lost or
stolen and which have been replaced or paid as provided in </FONT>Section 2.09) as and when the same shall have become due and payable,
or (b) the Company shall have delivered to the Trustee for cancellation all Securities of any Series and Coupons, if any, appertaining
thereto theretofore authenticated (other than any Securities of such Series and Coupons which have been destroyed, lost or stolen and
which shall have been replaced or paid as provided in Section 2.09) or (c) (i) all the Securities of such Series and Coupons, if any,
appertaining thereto not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms
to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee
for the giving of notice of redemption and (ii) the Company shall have irrevocably deposited or caused to be deposited with the Trustee
as trust funds the entire amount in the Currency required and/or the required Government Obligations maturing as to principal and interest
in such amounts and at such times as will, in aggregate, ensure the availability of cash sufficient, in the opinion of a firm of independent
certified public accountants, to pay at maturity or upon redemption all Securities of such Series and Coupons, if any, appertaining thereto
(other than any Securities of such Series and Coupons, if any, appertaining thereto which shall have been destroyed, lost or stolen and
which shall have been replaced or paid as provided in Section 2.09) not theretofore delivered to the Trustee for cancellation, including
principal and interest due or to become due to such date of maturity as the case may be, and if, in any such case, the Company shall
also pay or cause to be paid all other sums payable hereunder by the Company with respect to Securities of such Series and Coupons, if
any, appertaining thereto, then this Indenture shall cease to be of further effect with respect to Securities of such Series and Coupons,
if any, appertaining thereto (except as to (A) rights of registration of transfer and exchange, and the Company&rsquo;s right of optional
redemption, (B) substitution of mutilated, defaced, destroyed, lost or stolen Securities and Coupons, (C) rights of Holders to receive
payments of principal thereof and interest thereon upon the original stated due dates therefor (but not upon acceleration) and remaining
rights of the Holders to receive mandatory sinking fund payments, if any, (D) the rights, obligations and immunities of the Trustee hereunder,
and (E) the rights of the Securityholders of such Series as beneficiaries hereof with respect to the property so deposited with the Trustee
payable to all or any of them), and, subject to Section 10.06, the Trustee, upon request by the Company pursuant to a Company Order accompanied
by a Company Officers&rsquo; Certificate and an Opinion of Counsel, shall execute proper instruments acknowledging such satisfaction
and discharge of this Indenture with respect to Securities of such Series and Coupons, if any, appertaining thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.02.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Defeasance and Covenant Defeasance</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless otherwise specified pursuant to Section 2.03, the Securities of any Series shall be subject to defeasance pursuant to Section
10.02(b) or covenant defeasance pursuant to Section 10.02(c), in accordance with any applicable requirements specified pursuant to Section
2.03 and upon compliance with the conditions set forth below in Section 10.02(d). The Company may elect, at its option, at any time, to
have Section&nbsp;10.02(b) or Section 10.02(c) applied to any Securities of any Series so subject to defeasance or covenant defeasance.
Any such election shall be evidenced by a Company Board Resolution or in another manner specified as contemplated by Section 2.03 for
such Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon the Company&rsquo;s exercise of its option, if any, to have this Section 10.02(b) applied to any Securities of any Series,
on and after the date the conditions set forth in Section 10.02(d) are satisfied, the Company shall be deemed to have satisfied and discharged
the entire indebtedness represented by such Securities and Coupons, if any, appertaining thereto and to have satisfied and discharged
all of its other obligations under such Securities and Coupons, if any, appertaining thereto and this Indenture, insofar as such Securities
and Coupons are concerned (&ldquo;<B>Defeasance</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 43; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to compliance with this </FONT>Section 10.02, the Company may exercise its option, if any, to have this Section 10.02(b) applied to any
Securities notwithstanding the prior exercise of its option, if any, to have Section&nbsp;10.02(c) applied to such Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with Defeasance with respect to any Securities of any Series, the irrevocable trust agreement contemplated by </FONT>Section
10.02(d) shall include, among other things, provision for (i) payment of the principal of and interest on such Securities and Coupons,
if any, appertaining thereto when due (by redemption, sinking fund payments or otherwise), (ii) the payment of the expenses of the Trustee
incurred or to be incurred in connection with carrying out such trust provisions, (iii) rights of registration, transfer, substitution
and exchange of such Securities and Coupons, if any, appertaining thereto in accordance with the terms stated in this Indenture, and (iv)
continuation of the rights, obligations and immunities of the Trustee as against the Holders of such Securities as stated in this Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to </FONT>Section 10.06, the Trustee, upon request of the Company pursuant to a Company Order accompanied by a Company Officers&rsquo;
Certificate and Opinion of Counsel, shall execute proper instruments acknowledging any satisfaction and discharge pursuant to this Section
10.02(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon the Company&rsquo;s exercise of its option, if any, to have this Section 10.02(c) applied to any Securities of any Series,
on and after the date the conditions set forth in Section 10.02(d) are satisfied (i) the Company shall be released from such of its obligations
and covenants established pursuant to Section 2.03 for the benefit of the Holders of such Securities as are specified in the Company Board
Resolutions or supplemental indenture establishing such obligations and covenants, and (ii) the occurrence of any event contemplated by
Section&nbsp;5.01(c) with respect to such of its obligations and covenants established pursuant to Section 2.03 for the benefit of the
Holders of such Securities as are specified in the Company Board Resolutions or supplemental indenture establishing such obligations and
covenants or by Section 5.01(e) to the extent specified in the Company Board Resolutions or supplemental indenture establishing such event
as an Event of Default shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities (&ldquo;<B>Covenant
Defeasance</B>&rdquo;). Upon the effectiveness of Covenant Defeasance with respect to any Securities of any Series, with respect to such
Securities, the Company may omit to comply with and shall have no liability in respect of any of the Company&rsquo;s obligations and covenants
established pursuant to Section 2.03 for the benefit of the Holders of such Securities as are specified in the Company Board Resolutions
or supplemental indenture establishing such obligations and covenants, whether directly or indirectly by reason of any reference elsewhere
herein to any such obligation or covenant or by reason of any reference in any such obligation or covenant to any other provision herein
or in any other document, but, except as provided in the immediately preceding sentence, the remainder of this Indenture and such Securities
of such Series and Coupons, if any, appertaining thereto shall be unaffected thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The following shall be the conditions to the application of Section 10.02(b) or Section&nbsp;10.02(c) to any Securities of any
Series:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall have irrevocably deposited or caused to be deposited with the Trustee at its Corporate Trust Office or such other
office as the Trustee may designate, under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee,
as trust funds in trust solely for the benefit of the Holders of Securities of such Series and Coupons, if any, appertaining thereto,
(A)&nbsp;immediately available funds in the Currency required and/or (B) the required Government Obligations maturing as to principal
and interest in such amounts and at such times as are sufficient, in the opinion of a firm of independent certified public accountants,
without consideration of any reinvestment of such principal or interest, to pay the principal of and interest in the Currency required
on the Outstanding Securities of such Series and Coupons, if any, appertaining thereto to maturity or redemption, as the case may be;
<U>provided</U> that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such Government Obligations
to the payment of said principal of and interest on the Outstanding Securities of such Series and Coupons, if any, appertaining thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event of an election to have Section 10.02(b) apply to any Securities of any Series, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Securities and Coupons, if any, appertaining thereto will not
recognize income, gain or loss for federal income tax purposes as a result of the Defeasance to be effected with respect to such Securities
and will be subject to federal income tax on the same amount, in the same manner and at the same times as would be the case if such Defeasance
had not occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 44; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event of an election to have Section 10.02(c) apply to any Securities of any Series, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Securities and Coupons, if any, appertaining thereto will not
recognize income, gain or loss for federal income tax purposes as a result of the Covenant Defeasance to be effected with respect to such
Securities and will be subject to federal income tax on the same amount, in the same manner and at the same times as would be the case
if such Covenant Defeasance had not occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.03.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Application by Trustee of Funds Deposited for Payment of Securities</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Subject to Section&nbsp;</FONT>10.05, all moneys deposited with the Trustee pursuant to this Article 10 shall be held in trust and applied
by it to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent), to the Holders
of the particular Securities of such Series and Coupons, if any, appertaining thereto for the payment or redemption of which such moneys
have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest, but such money need not be
segregated from other funds except to the extent required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.04.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Repayment of Moneys Held by Paying Agent</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In connection with the satisfaction and discharge of this Indenture with respect to Securities of any Series or Coupons, if any, appertaining
thereto, all moneys then held by any Paying Agent under the provisions of this Indenture with respect to such Series of Securities or
Coupons, if any, appertaining thereto, shall, upon a Company Order, be repaid to it or paid to the Trustee and thereupon such Paying
Agent shall be released from all further liability with respect to such moneys.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.05.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Return of Unclaimed Moneys Held by Trustee and Paying Agent</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Anything in this Article&nbsp;</FONT>10 to the contrary notwithstanding, any moneys deposited with or paid to the Trustee or any Paying
Agent for the payment of the principal of or interest on any Security of any Series or Coupons, if any, appertaining thereto and not
applied but remaining unclaimed for two years after the date upon which such principal or interest shall have become due and payable,
shall, upon direction by the Company pursuant to a Company Order unless otherwise required by mandatory provisions of applicable escheat
or abandoned or unclaimed property law, be repaid to the Company by the Trustee for such Series or such Paying Agent, and the Holder
of the Security of such Series or Holders of Coupons appertaining thereto shall, unless otherwise required by mandatory provisions of
applicable escheat or abandoned or unclaimed property laws, thereafter look only to the Company for any payment which such Holder may
be entitled to collect, and all liability of the Trustee or any Paying Agent with respect to such moneys shall thereupon cease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
10.06.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Reinstatement of Obligations</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If the Trustee is unable to apply any funds or Government Obligations in accordance with this Article </FONT>10 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application or by reason of the Trustee&rsquo;s inability to convert any such funds or Government Obligations into the Currency
required to be paid with respect to any Securities of any Series and Coupons, if any, appertaining thereto, the obligations of the Company
under this Indenture and the Securities and Coupons for which such application is prohibited shall be revived and reinstated as if no
deposit had occurred pursuant to this Article 10 until such time as the Trustee is permitted to apply all such funds or Government Obligations
in accordance with this Article 10 or is able to convert all such funds or Government Obligations; <U>provided</U>, <U>however</U>, that,
if the Company has made any payment of interest on or principal of any of such Securities or Coupons because of the reinstatement of
its obligations, the Company shall be subrogated to the rights of the Holders of such Securities or Coupons to receive such payment from
the funds or Government Obligations held by the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
11</U></B></FONT><BR>
REDEMPTION OF SECURITIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
11.01.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Notice of Redemption; Partial Redemptions</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Notice of redemption to the Holders of Securities of any Series to be redeemed as a whole or in part at the option of the Company shall
be given by giving notice of such redemption as provided in </FONT>Section 14.04, at least 30 days and not more than 60 days prior to
the date fixed for redemption to such Holders of Securities of such Series. Failure to give notice by mail to the Holder of any Security
of a Series designated for redemption as a whole or in part, or any defect in such notice, shall not affect the validity of the proceedings
for the redemption of any other Security of such Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 45; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The notice of redemption to each such Holder shall
identify the Securities to be redeemed (including &ldquo;CUSIP&rdquo; or &ldquo;ISIN&rdquo; numbers, if any), specify the date fixed for
redemption, the redemption price, each Place of Payment, that payment will be made upon presentation and surrender of such Securities,
and that, unless otherwise specified in such notice, Coupon Securities, if any, surrendered for payment must be accompanied by all Coupons
maturing subsequent to the redemption date, failing which the amount of any such missing Coupon or Coupons will be deducted from the sum
due for payment, that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case, that interest
accrued to the date fixed for redemption will be paid as specified in such notice and that on and after said date interest thereon or
on the portions thereof to be redeemed will cease to accrue, the conversion rate or price, the date on which the right to convert the
Securities to be redeemed will terminate and each place where such Securities may be surrendered for conversion, if applicable, and that,
if less than all of the Outstanding Securities of a Series are to be redeemed, the identification and principal amount of the Securities
to be redeemed. If less than all of the Securities of any Series are to be redeemed, the notice of redemption shall specify the numbers
of the Securities of such Series to be redeemed, and, if only Unregistered Securities of any Series are to be redeemed, and if such Unregistered
Securities may be exchanged for Registered Securities, the last date on which exchanges of Unregistered Securities for Registered Securities
not subject to redemption may be made. In case any Security of a Series is to be redeemed in part, the notice of redemption shall state
the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender
of such Security and Coupons, if any, appertaining thereto, a new Security or Securities of such Series in principal amount equal to the
unredeemed portion thereof with appropriate Coupons will be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The notice of redemption of Securities of any Series
to be redeemed at the option of the Company shall be given by the Company or, upon direction by the Company pursuant to a Company Order,
by the Trustee in the name and at the expense of the Company. The Company shall give the Trustee at least 45 days prior written notice
of any redemption hereunder, unless a shorter period shall be satisfactory to the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
later than 9:00 a.m., New York City time, on the redemption date specified in the notice of redemption given as provided in this </FONT>Section
11.01, the Company will have on deposit with the Trustee or with one or more paying agents (or, if the Company is acting as its own Paying
Agent, set aside, segregate and hold in trust as provided in Section 3.04) an amount of money in the Currency in which the Securities
of such Series and Coupons, if any, appertaining thereto are payable (except as otherwise specified pursuant to Section 2.03 and except
as provided in Sections 2.12(b), (e) and (f) of this Indenture) sufficient to redeem on the redemption date all the Securities of such
Series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption.
If any Security to be redeemed is converted into Common Stock or Preferred Stock, any money deposited with the Trustee or with any Paying
Agent or so segregated and held in trust for the redemption of such Security shall (subject to any right of the Holder of such Security
or any predecessor Security to receive interest as provided in the last paragraph of Section 2.07) be paid to the Company upon direction
by the Company pursuant to a Company Order or, if then held by the Company, shall be discharged from such trust. If less than all the
Outstanding Securities of a Series are to be redeemed, the Company will deliver to the Trustee at least 60 days prior to the date fixed
for redemption a Company Officers&rsquo; Certificate stating the aggregate principal amount of Securities to be redeemed, unless a shorter
period shall be satisfactory to the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
less than all the Securities of a Series are to be redeemed, and the Securities are not held in global form pursuant to </FONT>Section
2.15, the Trustee shall select, in such manner as it shall deem appropriate and fair, Securities of such Series to be redeemed in whole
or in part. Securities may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such Series.
The Trustee shall promptly notify the Company in writing of the Securities of such Series selected for redemption and, in the case of
any Securities of such Series selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to the redemption of Securities of any Series shall relate, in the case
of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is
to be redeemed. If any Security to be redeemed in part is converted in part before termination of the conversion right with respect to
the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected
for redemption. Securities (or portions thereof) which have been converted during a selection of Securities to be redeemed shall be treated
by the Trustee as Outstanding for the purpose of such selection. In any case where more than one Security is registered in the same name,
the Trustee in its discretion may treat the aggregate principal amount so registered as if it were represented by one Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 46; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
11.02.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Payment of Securities Called for Redemption</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become
due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued
to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Securities at the
redemption price, together with interest accrued to said date) interest on the Securities or portions of Securities so called for redemption
shall cease to accrue and, except as provided in Sections </FONT>6.05 and 10.04, such Securities shall cease from and after the date
fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect
of such Securities except the right to receive the redemption price and unpaid interest to the date fixed for redemption. On presentation
and surrender of such Securities at a Place of Payment specified in said notice, such Securities or the specified portions thereof shall
be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for
redemption; <U>provided</U> that any semiannual payment of interest on Registered Securities becoming due on the date fixed for redemption
shall be payable to the Holders of such Securities registered as such on the relevant record date subject to the terms and provisions
of Section 2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
any Coupon Security surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing on or after the date fixed
for redemption, such Security may be paid after deducting from the redemption price an amount equal to the face amount of all such missing
Coupons or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee, if there be furnished to them
such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security
shall surrender to any Paying Agent any missing Coupon in respect of which a deduction shall have been made from the redemption price,
such Holder shall be entitled to receive the amount so deducted; <U>provided</U>, <U>however</U>, that, unless otherwise provided pursuant
to </FONT>Section 2.03, interest represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an office
or agency located outside of the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed
for redemption at the rate of interest borne by the Security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon presentation of any Security redeemed in part
only and the Coupons appertaining thereto, the Company shall execute and the Trustee shall authenticate and deliver to or on the order
of the Holder thereof, at the expense of the Company, a new Security or Securities and the Coupons appertaining thereto of authorized
denominations, in principal amount equal to the unredeemed portion of the Security so presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
11.03.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Exclusion of Certain Securities from Eligibility for Selection for Redemption</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number
in a written statement signed by an authorized officer of the Company and delivered to the Trustee at least 40 days prior to the last
date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by, either
(a) the Company or (b) an entity specifically identified in such written statement directly or indirectly controlling or controlled by
or under direct or indirect common control with the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
11.04.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Repayment at the Option of the Holders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Securities of any Series which are repayable at the option of the Holders thereof before their stated maturity shall be repaid in accordance
with the terms of the Securities of such Series. The repayment of any principal amount of Securities pursuant to such option of the Holder
to require repayment of Securities before their stated maturity, for purposes of </FONT>Section 10.01, shall not operate as a payment,
redemption or satisfaction of the indebtedness represented by such Securities unless and until the Company, at its option, shall deliver
or surrender the same to the Trustee with a directive that such Securities be cancelled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 47; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
12</U></B></FONT><BR>
HOLDERS&rsquo; MEETINGS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.01.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Purposes of Meetings</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
A meeting of Holders of Securities of any or all Series may be called at any time and from time to time pursuant to the provisions of
this Article </FONT>12 for any of the following purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to give any notice to the Company or the Trustee for the Securities of such Series, or to give any directions to the Trustee for
such Series, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be
taken by Holders pursuant to any of the provisions of Article 5;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to remove the Trustee for such Series and nominate a successor trustee pursuant to the provisions of Article 6;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 8.02; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal amount of the
Securities of any one or more or all Series, as the case may be, under any provision of this Indenture or under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.02.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Call of Meetings by Trustee</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Trustee for the Securities of any Series may at any time call a meeting of Holders of Securities of such Series to take any action
specified in </FONT>Section 12.01, to be held at such time and at such place in Grand Forks, North Dakota, or such other city within
the United States of America in which there is a Place of Payment as the Trustee for such Series shall determine. Notice of every meeting
of the Holders of Securities of any Series, setting forth the time and the place of such meeting and in general terms the action proposed
to be taken at such meeting, shall be given to Holders of Securities of such Series in the manner and to the extent provided in Section
14.04. Such notice shall be given not less than 20 nor more than 90 days prior to the date fixed for the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.03.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Call of Meetings by Company or Holders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In case at any time the Company, pursuant to a Company Board Resolution or the Holders of not less than 10% in aggregate principal amount
of the Outstanding Securities of any or all Series, as the case may be, shall have requested the Trustee for such Series to call a meeting
of Holders of Securities of any or all Series, as the case may be, by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee for such Series shall not have given the notice of such meeting within 20 days after receipt
of such request, then the Company or such Holders may determine the time and the place in Grand Forks, North Dakota, or such other city
within the United States of America in which there is a Place of Payment for such meeting and may call such meeting to take any action
authorized in </FONT>Section 12.01, by giving notice thereof as provided in Section 12.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.04.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Qualifications for Voting</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
To be entitled to vote at any meeting of Holders, a Person shall be (a) a Holder of one or more Securities with respect to which such
meeting is being held or (b) a Person appointed by an instrument in writing as proxy by such Holder. The only Persons who shall be entitled
to be present or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives
of the Trustee for the Securities of the Series with respect to which such meeting is being held and its counsel and any representatives
of the Company and its counsel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.05.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Regulations</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Notwithstanding
any other provisions of this Indenture, the Trustee for the Securities of any Series may make such reasonable regulations as it may deem
advisable for any meeting of Holders of the Securities of such Series, in regard to proof of the holding of Securities of such Series
and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it
shall think fit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 48; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by
the Company or by Holders of the Securities of such Series as provided in Section&nbsp;</FONT>12.03, in which case the Company or the
Holders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by majority vote of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to </FONT>Section 7.04, at any meeting each Holder of Securities with respect to which such meeting is being held or proxy therefore shall
be entitled to one vote for each $1,000 (or the equivalent in the Currency in which such Securities are denominated, as determined pursuant
to Section 14.11) principal amount (in the case of the Discount Securities, such principal amount to be determined as provided in Section
14.11) of Securities held or represented by such Holder. However, no vote shall be cast or counted at any meeting in respect of any such
Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall
have no right to vote other than by virtue of the Securities of such Series held by him or instruments in writing aforesaid duly designating
him as the Person to vote on behalf of other Holders of such Series. At any meeting of Holders, the presence of Persons holding or representing
Securities with respect to which such meeting is being held in an aggregate principal amount sufficient to take action on the business
for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons holding
or representing a majority in aggregate principal amount of such Securities represented at the meeting may adjourn such meeting with the
same effect, for all intents and purposes, as though a quorum had been present. Any meeting of Holders of Securities with respect to which
a meeting was duly called pursuant to the provisions of Section 12.02 or Section 12.03 may be adjourned from time to time by a majority
of such Holders present, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.06.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Voting</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The vote
upon any resolution submitted to any meeting of Holders of Securities with respect to which such meeting is being held shall be by written
ballots on which shall be subscribed the signatures of such Holders or of their representatives by proxy and the identifying number or
numbers of the Securities held or represented by them. The chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified
written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Holders shall
be prepared by the secretary of the meeting and there shall be attached to such record the original reports of the inspectors of votes
on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice
of the meeting and showing that such notice was given in the manner and to the extent provided in </FONT>Section 14.04. The record shall
show the identifying numbers of the Securities voting in favor of or against any resolution. The record shall be signed and verified
by the affidavits of the chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other
to the Trustee to be preserved by the Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any record so signed and verified shall be conclusive
evidence of the matters therein stated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
12.07.</U>&nbsp;&nbsp;&nbsp; </FONT><I>No Delay of Rights by Meeting</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Nothing in this Article </FONT>12 shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Holders
or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights
conferred upon or reserved to the Trustee or to the Holders under any of the provisions of this Indenture or of the Securities of any
Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
13</U></B></FONT><BR>
SECURITY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
so provided pursuant to </FONT>Section 2.03 with respect to the Securities of any Series, the Securities of such Series may be secured
by such property, assets or other collateral as may be specified in or pursuant to Section 2.03. Any and all terms and provisions applicable
to the security for the Securities of such Series shall also be provided in or pursuant to Section 2.03, which may include provisions
for the execution and delivery of such security agreements, pledge agreements, collateral agreements and other similar or related agreements
as the Company may elect and which may provide for the Trustee to act as collateral agent or in a similar or other capacity. The Trustee
shall comply with Sections 313(a)(5) and (6) and 313(b)(1) of the Trust Indenture Act, and the Company shall comply with Sections 314(b),
314(c) and 314(d) of the Trust Indenture Act, in each case in respect of any secured Securities that may be Outstanding hereunder from
time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 49; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ARTICLE
14</U></B></FONT><BR>
MISCELLANEOUS PROVISIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.01.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
No recourse under or upon any obligation, covenant or agreement contained in this Indenture, in any Security or in any Coupon appertaining
thereto, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present
or future stockholder, officer or director, as such, of the Company or of any predecessor or successor to the Company, either directly
or through the Company or any such predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement
of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the
acceptance of the Securities and Coupons, if any, appertaining thereto by the Holders thereof and as part of the consideration for the
issue of the Securities, it being expressly understood that, without limitation to the foregoing, this Indenture and the Securities and
the obligations created hereunder and thereunder are solely corporate, limited liability company, partnership, limited partnership or
entity obligations, as the case may be, of the Company and that no such personal liability whatever shall attach to, or is or shall be
incurred by, any past, present or future stockholder, incorporator, employee, officer or director, as such, of the Company or any of
its respective predecessors or successors, or any of them, because of the creation of the indebtedness hereby authorized, or under or
by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied herefrom or therefrom
and that any and all such personal liability of every type and nature, either at common law or in equity or by constitution or statute,
of, and any and all such rights and claims against, every such past, present or future stockholder, incorporator, employee, officer or
director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants
or agreements contained in this Indenture or in any Security or implied herefrom or therefrom, are hereby expressly waived and released
as a condition of, and as a consideration for, the execution of this Indenture and the issuance of the Securities. As used in this </FONT>Section
14.01, all references to &ldquo;<B>stockholders</B>&rdquo; shall be deemed to mean, with respect to any Person, any past, present or
future holder or owner of an equity interest in such Person, including owners or holders of capital stock, limited or general partnership
interests and limited liability company interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.02.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Provisions of Indenture for the Sole Benefit of Parties and Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Nothing in this Indenture or in any Security or Coupon, if any, appertaining thereto, expressed or implied, shall give or be construed
to give to any Person, other than the parties hereto, any Paying Agent and their successors hereunder and the Holders of the Securities
and Coupons, if any, appertaining thereto any legal or equitable rights, remedies or claims under this Indenture or under any covenant
or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors
and of the Holders of the Securities and Coupons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.03.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Successors and Assigns of Company Bound by Indenture</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
All the covenants, stipulations, promises and agreements in this Indenture by or on behalf of the Company shall bind its successors and
assigns, whether so expressed or not.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.04.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Notices and Demands on Company, Trustee and Securityholders</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Any notice or demand which by any provision of this Indenture is required or permitted to be given or served by the Trustee, by the Holders
of Securities, or by the Holders of Coupons to or on the Company may be given or served by being deposited postage prepaid, first-class
mail (except as otherwise specifically provided herein) addressed (until another address of the Company is filed by the Company with
the Trustee) to the Company at 401 Demers Avenue, Grand Forks, North Dakota 58201, Attention: Corporate Secretary. Any Company Order
or notice by the Company, or any notice, direction, request or demand by Securityholder to or upon the Trustee shall be deemed to have
been sufficiently given or made, for all purposes, if given or made at the Corporate Trust Office.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Where this Indenture provides for notice to Holders
of any event, (a) if any of the Securities affected by such event are Registered Securities, such notice shall be sufficiently given (unless
otherwise herein expressly provided) if in writing and mailed by first-class mail, postage prepaid to such Registered Holders as their
names and addresses appear in the Security register within the time prescribed and (b) if any of the Securities affected by such event
are Unregistered Securities or Coupon Securities, such notice shall be sufficiently given (unless otherwise herein expressly provided)
if published once in a newspaper of general circulation in New York, New York, within the time prescribed. Where this Indenture provides
for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the
event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such
filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In any case where notice to
Holders is given by mail, neither the failure to mail such notice nor any defect in any notice so mailed to any particular Holder shall
affect the sufficiency of such notice with respect to other Holders, and any notice which is mailed in the manner herein provided shall
be conclusively presumed to have been duly given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 50; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the event that the suspension of or irregularities
in regular mail service makes it impracticable to mail notice to the Company and the Securityholders when such notice is required to be
given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee shall
be deemed to be a sufficient giving of such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.05.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Officers&rsquo; Certificates and Opinions of Counsel; Statements to Be Contained Therein</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company
shall furnish to the Trustee a Company Officers&rsquo; Certificate stating that all conditions precedent provided for in this Indenture
relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of
such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each certificate or opinion provided for in this
Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall include
(a) a statement that the Person making such certificate or opinion has read such covenant or condition, (b) a brief statement as to the
nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are
based, (c) a statement that, in the opinion of such Person, such Person has made such examination or investigation as is necessary to
enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with, and (d) a statement
as to whether or not, in the opinion of such Person, such condition or covenant has been complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any certificate, statement or opinion of an officer
of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless
such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate, statement
or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any
certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters, information with respect to which
is in the possession of the Company, upon the certificate, statement or opinion of or representations by an officer or officers of the
Company, unless such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which
his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that
the same are erroneous.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any certificate, statement or opinion of an officer
of the Company or of counsel may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations
by an accountant or firm of accountants in the employ of the Company, unless such officer or counsel, as the case may be, knows that the
certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may
be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any certificate or opinion of any independent firm
of public accountants filed with the Trustee shall contain a statement that such firm is independent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.06.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Payments Due on Saturdays, Sundays and Holidays</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If the date of maturity of interest on or principal of the Securities of any Series or Coupons, if any, appertaining thereto or the date
fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest or principal 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 the date of
maturity or the date fixed for redemption, and no interest shall accrue on amounts payable on such date for the period from and after
such date to the next succeeding Business Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 51; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.07.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Conflict of Any Provision of Indenture with Trust Indenture Act</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If and to the extent that any provision of this Indenture limits, qualifies or conflicts with another provision included in this Indenture
which is required to be included herein by any of Sections 310 to 317, inclusive, of the Trust Indenture Act, such required provision
shall control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.08.</U>&nbsp;&nbsp;&nbsp; </FONT><I>New York Law to Govern</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
This Indenture and each Security shall be deemed to be a contract under the laws of the State of New York, and for all purposes shall
be construed in accordance with the laws of such State.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.09.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Counterparts</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. This
Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute
but one and the same instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.10.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Effect of Headings</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Article and Section headings herein and the Table of Contents are for convenience of reference only and shall not affect the construction
hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.11.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Determination of Principal Amount</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
In determining whether the Holders of the requisite principal amount of Outstanding Securities of any Series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, whether a quorum is present at a meeting of Holders of Securities
or whether sufficient funds are available for redemption or for any other purpose, the principal amount of an Discount Security that
shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of
the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to </FONT>Section 5.01 and the principal
amount of any Securities denominated in a Foreign Currency that shall be deemed to be Outstanding for such purposes shall be determined
by converting the Foreign Currency into Dollars at the Market Exchange Rate as of the date of such determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.12.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Waiver</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. With respect
to the Outstanding Securities of any Series, the Holders of not less than a majority in aggregate principal amount of the Securities
of such Series at the time Outstanding may on behalf of the Holders of all the Securities of such Series and Holders of all Coupons,
if any, appertaining thereto (a) waive compliance by the Company with any restrictive provisions in this Indenture, and (b) waive any
past default under this Indenture as provided in </FONT>Section 5.10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.13.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Force Majeure</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. In
no event shall the Trustee be responsible or liable, nor shall the Company be responsible or liable to the Trustee, for any failure or
delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control,
including strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes
or acts of God, or interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it
being understood that the Trustee or the Company, as the case may be, shall use reasonable efforts which are consistent with accepted
practices to resume performance as soon as practicable under the circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Section
14.14.</U>&nbsp;&nbsp;&nbsp; </FONT><I>Waiver of Jury Trial</I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
THE COMPANY, THE TRUSTEE AND EACH HOLDER OF A SECURITY, BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES
OR THE TRANSACTIONS CONTEMPLATED HEREBY.<I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Remainder of Page Intentionally
Left Blank]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 52; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties hereto have caused
this Indenture to be duly executed as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ALERUS FINANCIAL
    CORPORATION &nbsp; &nbsp; &nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 43%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRUSTEE </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<!-- Field: Page; Sequence: 53; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></FONT></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>tm2325869d1_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="tm2325869d1_s3img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">401 Demers Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Grand Forks, North Dakota 58201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD STYLE="text-align: justify"><B>Registration Statement on Form S-3 of Alerus Financial Corporation</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
opinion is being rendered to you in connection with the filing by Alerus Financial Corporation, a Delaware corporation (the &ldquo;<I>Company</I>&rdquo;),
with the Securities and Exchange Commission (the &ldquo;<I>Commission</I>&rdquo;) of a registration statement on Form&nbsp;S-3 (the &ldquo;<I>Registration
Statement</I>&rdquo;), pursuant to the Securities Act of 1933, as amended (the &ldquo;<I>Act</I>&rdquo;). The Registration Statement relates
to the registration and proposed issuance and sale from time to time pursuant to Rule&nbsp;415 under the Act of up to an aggregate principal
amount of $125 million of: (a)&nbsp;shares of common stock, $1.00&nbsp;par value per share, of the Company (the &ldquo;<I>Common Stock</I>&rdquo;);
(b)&nbsp;shares of preferred stock, $1.00&nbsp;par value per share, of the Company (the &ldquo;<I>Preferred Stock</I>&rdquo;); (c)&nbsp;the
Company&rsquo;s debt securities, whether senior or subordinated (the &ldquo;<I>Debt Securities</I>&rdquo;); (d) warrants to purchase Common
Stock, Preferred Stock, Debt Securities, Depositary Shares or other securities of the Company or any combination of the foregoing (the&nbsp;&ldquo;<I>Warrants</I>&rdquo;);
(e)&nbsp;depositary shares representing a fractional interest in shares of Preferred Stock (the &ldquo;<I>Depositary Shares</I>&rdquo;);&nbsp;
(f)&nbsp;subscription rights for the purchase of Common Stock, Preferred Stock, Debt Securities, Depositary Shares or other securities
of the Company (the&nbsp;&ldquo;<I>Rights</I>&rdquo;); (g) stock purchase contracts (the &ldquo;<I>Stock Purchase Contracts</I>&rdquo;);
(h) stock purchase units (the &ldquo;<I>Stock Purchase Units</I>&rdquo;); and (i)&nbsp;units comprised of one or more of the Common Stock,
the Preferred Stock, Debt Securities, Depositary Shares or Warrants in any combination, including guarantees of any securities (the&nbsp;&ldquo;<I>Units,</I>&rdquo;
and together with the Common Stock, the Preferred Stock, the Debt Securities, the Warrants, the Depositary Shares, the Rights, the Stock
Purchase Contracts and the Stock Purchase Units, the&nbsp;&ldquo;<I>Registered Securities</I>&rdquo;). </FONT>The Registered Securities
may be issued and sold from time to time by the Company as set forth in the Registration Statement. This opinion is being furnished in
accordance with the requirements of Item 601(b)(5)&nbsp;of Regulation S-K under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
have made such legal and factual investigations as we deemed necessary for purposes of this opinion. We have examined originals or copies,
certified or otherwise identified to our satisfaction, of: (a)&nbsp;the Registration Statement; (b) the Form of Indenture attached as
an exhibit to the Registration Statement; (c)&nbsp;the Company&rsquo;s Third Amended and Restated Certificate of Incorporation, as currently
in effect; (d)&nbsp;the Company&rsquo;s Second Amended and Restated Bylaws, as currently in effect; (e)&nbsp;the resolutions of the board
of directors of the Company (the &ldquo;<I>Board</I>&rdquo;) dated August 23, 2023, with respect to the filing of the Registration Statement;
and (f)&nbsp;</FONT>such other certificates and other instruments and documents as were deemed necessary for purposes of the opinions
hereafter expressed. In our investigation, we have assumed the genuineness of all signatures, the proper execution of all documents submitted
to us as originals, the conformity to the original documents of all documents submitted to us as copies and the authenticity of the originals
of such copies. As to matters of fact, we have relied upon representations of officers of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><IMG SRC="tm2325869d1_s3img002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The opinions set forth herein
are subject to the following assumptions, qualifications and limitations being true and correct at or before the time of the delivery
of any Registered Securities offered pursuant to the Registration Statement: (A) the Board, including any appropriate committee appointed
thereby, and appropriate officers of the Company shall have (i)&nbsp;duly established the terms of any Preferred Stock, Debt Securities,
Depositary Shares, Warrants, Rights, Stock Purchase Contracts, Stock Purchase Units or Units being offered (and in the case of the Warrants,
the Rights, the Stock Purchase Contracts, the Stock Purchase Units or Units, any such Registered Securities that are components thereof
or issuable thereto), (ii) duly authorized and taken any other necessary corporate or other action to approve the creation, if applicable,
issuance and sale of the Registered Securities and related matters, and (iii) duly reserved for issuance any Registered Securities consisting
of Common Stock or Preferred Stock, and any Common Stock or Preferred Stock for or into which any other Registered Securities are exercisable,
exchangeable or convertible, and, in the case of all of (i) through (iii), such authorizations and actions shall remain in effect and
unchanged at all times during which the Registered Securities are offered, sold or issued by the Company; (B) the definitive terms of
each class and series, if applicable, of the Registered Securities, and the terms of the issuance and sale of the Registered Securities
(i)&nbsp;shall have been duly established in accordance with all applicable law, the Company&rsquo;s Third Amended and Restated Certificate
of Incorporation and Second Amended and Restated Bylaws, and any indenture, warrant agreement, deposit agreement, rights agreement, unit
agreement and any other relevant agreement relating to the terms and the offer and sale of the Registered Securities (collectively, the
 &ldquo;<I>Documents</I>&rdquo;), and the authorizing resolutions of the Board, and (ii) shall not violate any applicable law or any Documents
(subject to the further assumption that such Documents have not been amended from the date hereof in a manner that would affect the validity
of any of the opinions rendered herein), or result in a default under or breach of any agreement or instrument binding upon the Company
and so as to comply with any restriction imposed by any court or governmental body having jurisdiction over the Company; (C) any Document
relating to the terms of the Registered Securities (but excluding any Document relating to the terms of the Debt Securities or the Depositary
Shares) shall be governed by and construed in accordance with the internal laws of the State of Delaware; (D)&nbsp;any Document relating
to the terms of the Debt Securities or the Depositary Shares shall be governed by and construed in accordance with the internal laws of
the State of New York; (E)&nbsp;upon issuance of any shares of Common Stock or Preferred Stock, including as a component of Units or upon
exercise, conversion or exchange of other Registered Securities, (i) the total number of shares of Common Stock or Preferred Stock issued
and outstanding shall not exceed the total number of shares of Common Stock or Preferred Stock that the Company is then authorized to
issue under its Third Amended and Restated Certificate of Incorporation, and (ii)&nbsp;the Company will receive consideration in an amount
not less than the aggregate par value of such shares of Common Stock or Preferred Stock; (F) the Registered Securities (including any
underlying Registered Securities issuable upon exercise, conversion or exchange of other Registered Securities and, in the case of the
Units, the Registered Securities that are components thereof), and any certificates representing the relevant Registered Securities (including
any Registered Securities issuable upon exercise, conversion or exchange of other Registered Securities and, in the case of the Units,
the Registered Securities that are components thereof), shall have been duly authenticated, executed, countersigned, registered and delivered
upon payment of the agreed-upon legal consideration therefor and shall have been duly issued and sold in accordance with any relevant
agreement, and, if applicable, duly executed and delivered by the Company and any other appropriate party; (G) each applicable Document
and any other relevant agreement relating to the offer and sale of the Registered Securities shall have been duly authorized, executed
and delivered by the Company and each other party thereto, and shall constitute a valid and binding obligation of each party thereto (other
than the Company); (H) the Registration Statement, and any amendments thereto (including post-effective amendments), shall have been declared
effective under the Act, and such effectiveness shall not have been terminated or rescinded; (I) a prospectus supplement, if required,
shall have been prepared, delivered and filed in compliance with the Act and the applicable rules and regulations thereunder describing
the Registered Securities offered thereby; (J) the Registered Securities shall have been issued and sold in compliance with applicable
U.S. federal and state securities laws and solely in the manner stated in the Registration Statement and any applicable prospectus supplement;
and (K) in the case of an agreement or instrument pursuant to which any Registered Securities are to be issued, there shall be no terms
or provisions contained therein which would affect the validity of any of the opinions rendered herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><IMG SRC="tm2325869d1_s3img002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Page 3</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based upon the foregoing,
and subject to the qualifications, assumptions and limitations set forth herein, it is our opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Common Stock, when (a) duly issued and sold in accordance with the Registration Statement and applicable prospectus supplement
and either (i) in accordance with the provisions of an applicable, valid and binding purchase agreement, underwriting agreement or other
similar agreement or (ii) upon exercise of Rights or Warrants as contemplated by the Registration Statement and applicable prospectus
supplement and (b) delivered to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration therefor
as the Board (or a duly authorized committee thereof) may determine, will be validly issued, fully paid and nonassessable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Preferred Stock, when (a) duly issued and sold in accordance with the Registration Statement and applicable prospectus supplement
and either (i) in accordance with the provisions of an applicable, valid and binding purchase agreement, underwriting agreement or other
similar agreement or (ii) upon exercise of Rights or Warrants as contemplated by the Registration Statement and applicable prospectus
supplement and (b) delivered to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration therefor
as the Board (or a duly authorized committee thereof) may determine, will be validly issued, fully paid and nonassessable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><IMG SRC="tm2325869d1_s3img002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Page 4</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(3)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Debt Securities, when (a) duly executed, authenticated, issued and sold in accordance with the Registration Statement and applicable
prospectus supplement and either (i)&nbsp;in accordance with the provisions of an applicable purchase agreement, underwriting agreement,
indenture or other similar agreement or (ii) upon exercise of Rights or Warrants as contemplated by the Registration Statement and applicable
prospectus supplement and (b)&nbsp;delivered to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration
therefor, if any, as the Board (or a duly authorized committee thereof) may determine, will be binding obligations of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(4)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Warrants, when (a) duly executed, authenticated, issued and sold in accordance with the Registration Statement and applicable
prospectus supplement and either (i)&nbsp;in accordance with the provisions of an applicable, valid and binding warrant agreement or other
similar agreement or (ii) upon exercise of Rights as contemplated by the Registration Statement and applicable prospectus supplement and
(b) delivered to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration therefor, if any, as
the Board (or a duly authorized committee thereof or a duly authorized officer of the Company) may determine, will be binding obligations
of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(5)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Depositary Shares when (a) duly executed, authenticated, issued and sold in accordance with the Registration Statement and
applicable prospectus supplement and the provisions of an applicable, valid and binding deposit agreement or other similar agreement,
(b)&nbsp;shares of the Preferred Stock relating to any Depositary Shares have been deposited with the depositary therefor, (c) any depositary
receipts representing Depositary Shares have been duly executed, authenticated, issued and sold in the manner and for the consideration
stated in the applicable deposit agreement and (d) delivered to the purchaser or purchasers thereof against receipt by the Company of
such lawful consideration therefor, if any, as the Board (or a duly authorized committee thereof) may determine, will (i) be validly issued,
and (ii) entitle their holders to the rights specified in the deposit agreement and the Depositary Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(6)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Rights, when (a) duly executed, authenticated, issued and sold in accordance with the Registration Statement and applicable
prospectus supplement and the provisions of an applicable, valid and binding rights agreement or other similar agreement and (b) delivered
to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration therefor, if any, as the Board (or
a duly authorized committee thereof) may determine, will be binding obligations of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(7)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Stock Purchase Contracts or Stock Purchase Units, when (a) duly executed, authenticated, issued and sold in accordance with
the Registration Statement and applicable prospectus supplement and the provisions of an applicable purchase agreement or other similar
agreement, (b) the actions described in paragraph 1 above have been taken if such Stock Purchase Contracts or Stock Purchase Units relate
to the issuance and sale of Common Stock, (c)&nbsp;the actions described in paragraph 2 above have been taken if such Stock Purchase Contracts
or Stock Purchase Units relate to the issuance and sale of Preferred Stock, (d) the actions described in paragraph 3 above have been taken
if such Stock Purchase Units relate to the issuance and sale of Debt Securities, and (e) delivered to the purchaser or purchasers thereof
against receipt by the Company of such lawful consideration therefor, if any, as the Board (or a duly authorized committee thereof) may
determine, will be binding obligations of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><IMG SRC="tm2325869d1_s3img002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Page 5</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(8)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>the Units, when (a) duly executed, authenticated, issued and sold in accordance with the Registration Statement and applicable
prospectus supplement and either (i) in accordance with the provisions of any applicable, valid and binding unit agreement or other similar
agreement or (ii) upon exercise of Rights as contemplated by the Registration Statement and applicable prospectus supplement and (b) delivered
to the purchaser or purchasers thereof against receipt by the Company of such lawful consideration therefor as the Board (or a duly authorized
committee thereof) may determine, will be binding obligations of the Company, and any Common Stock or Preferred Stock that is a component
of such Units will be validly issued, fully paid and nonassessable, and any Debt Securities, Warrants or Depositary Shares that are components
of such Units will be binding obligations of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our opinions set forth in
the paragraphs above are subject to the following exceptions: (a)&nbsp;the effect of bankruptcy, insolvency, reorganization, fraudulent
transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors; and (b) the effect of general
principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance
or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which
a proceeding is brought; and we express no opinion as to waivers of broadly or vaguely stated rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We
express no opinion concerning the laws of any jurisdiction other than the General Corporation Law of the State of Delaware, as amended,
and, with respect to the opinions set forth in paragraphs&nbsp;(3) and (5) above, the laws of the State of New York.</FONT> We express
no opinion as to the laws, rules or regulations of any other jurisdiction, including, without limitation, the federal laws of the United
States of America or any state securities or blue sky laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We express no opinion with
respect to any specific legal issues other than those explicitly addressed herein. We assume no obligation to update this opinion letter
after the date that the Registration Statement is initially declared effective or otherwise advise you with respect to any facts or circumstances
or changes in law that may occur or come to our attention after such date (even though the change may affect the legal conclusions stated
in this opinion letter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><IMG SRC="tm2325869d1_s3img002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">September 14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Page 6</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby consent to the reference
to our firm in the Registration Statement under the caption &ldquo;Legal Matters&rdquo; and to the inclusion of this opinion as an exhibit
to the Registration Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required
under Section 7 of the Act or the rules and regulations of the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif">Very truly yours,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Barack Ferrazzano Kirschbaum &amp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Nagelberg LLP</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Barack Ferrazzano Kirschbaum &amp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Nagelberg LLP</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: left"></P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-align: left">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>tm2325869d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT><B>Exhibit&nbsp;23.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%"><IMG SRC="tm2325869d1_ex23-1img01.jpg" ALT="" STYLE="height: 79px; width: 85px">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 30%; font: bold 10pt Times New Roman, Times, Serif; vertical-align: middle">CliftonLarsonAllen LLP<BR> CLAconnect.com</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We consent to the incorporation by reference in
this Registration Statement on Form&nbsp;S-3 of our report, dated March&nbsp;10, 2023, relating to the consolidated financial statements
of Alerus Financial Corporation and Subsidiaries, which report appears in the Annual Report on Form&nbsp;10-K of Alerus Financial Corporation
and Subsidiaries for the year ended December&nbsp;31, 2022, and to the reference to us under the heading &ldquo;Experts&rdquo; in the
prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>/s/ CliftonLarsonAllen LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Minneapolis, Minnesota</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">September&nbsp;14, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>tm2325869d1_exfilingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 107.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing Fee Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">S-3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Form&nbsp;Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Alerus Financial Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Table 1: Newly Registered Securities</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="background-color: White; width: 6%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: White; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security<BR>
 Type</B></FONT></TD>
    <TD STYLE="background-color: White; width: 8%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security<BR>
 Class Title</B></FONT></TD>
    <TD STYLE="background-color: White; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee<BR>
 Calculation<BR>
 or Carry<BR>
 Forward<BR>
 Rule</B></FONT></TD>
    <TD STYLE="background-color: White; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount<BR>
 Registered (a)</B></FONT></TD>
    <TD STYLE="background-color: White; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Proposed<BR>
 Maximum<BR>
 Offering<BR>
 Price Per<BR>
 Unit (a)</B></FONT></TD>
    <TD STYLE="background-color: White; width: 9%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum<BR>
 Aggregate<BR>
 Offering Price<BR>
 (a)</B></FONT></TD>
    <TD STYLE="background-color: White; width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee Rate</B></FONT></TD>
    <TD STYLE="background-color: White; width: 17%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of<BR>
 Registration<BR>
 Fee (b)</B></FONT></TD>
    <TD STYLE="background-color: White; width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
 Forward<BR>
 Form<BR>
 Type</B></FONT></TD>
    <TD STYLE="background-color: White; width: 8%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
 Forward<BR>
 File<BR>
 Number</B></FONT></TD>
    <TD STYLE="background-color: White; width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
 Forward<BR>
 Initial<BR>
 Effective<BR>
 Date</B></FONT></TD>
    <TD STYLE="background-color: White; width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Filing Fee<BR>
 Previously<BR>
 Paid in<BR>
 Connection<BR>
 with<BR>
 Unsold<BR>
 Securities<BR>
 to be<BR>
 Carried<BR>
 Forward (b)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F2F2F2">
    <TD COLSPAN="13" STYLE="background-color: White; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Newly Registered Securities </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Common Stock, $1.00 par value per share (c)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Preferred Stock, $1.00 par value per share (c)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Debt</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Debt securities (d)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Warrants (e)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Depositary Shares (f)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Subscription Rights (g)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Stock Purchase Contracts</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Stock Purchase Units</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Units </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Unallocated (Universal) Shelf</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Unallocated (Universal) Shelf </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Fees Previously Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F2F2F2">
    <TD COLSPAN="13" STYLE="background-color: White; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry Forward Securities </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Common Stock, $1.00 par value per share (c)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Preferred Stock, $1.00 par value per share (c)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Debt</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Debt securities (d)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Warrants (e)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Depositary Shares (f)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Subscription Rights (g)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Stock Purchase Contracts</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Stock Purchase Units</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Units </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Unallocated (Universal) Shelf</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Unallocated (Universal) Shelf </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">415(a)(6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$125,000,000(b)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">__</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">$125,000,000(b)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">S-3</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">333-248841</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">September 25, 2020</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">$16,225</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Offering Amount</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$125,000,000(b)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">$13,775.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Fees Previously Paid</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">$16,225</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Fee Offsets</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Net Fee Due</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">$0.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Calculated in accordance with Rule 457(o) under the Securities Act of 1933. The proposed maximum offering price per security will
be determined from time to time by the registrant in connection with the issuance of the securities registered by this registration statement.
The proposed maximum aggregate offering price has been estimated solely for the purpose of calculating the registration fee. In no event
will the maximum aggregate offering price of all securities issued under this registration statement exceed $125,000,000. The amount registered
is not specified as to each class of securities to be registered hereunder pursuant to Instruction 2.A.iii.b. of Item 16(b) of Form S-3
under the Securities Act of 1933.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>This registration statement registers securities with a maximum aggregate offering price of $125,000,000. Of these securities, securities
with a maximum aggregate offering price of $125,000,000 (the &ldquo;Unsold Securities&rdquo;) represent unsold securities previously registered
by the registrant on its Registration Statement on Form S-3 filed on September 16, 2020 and declared effective on September 25, 2020 (File
No. 333-248841) (the &ldquo;Prior Registration Statement&rdquo;). In connection with the Prior Registration Statement, the registrant
paid $16,225 in registration fees related to the Unsold Securities that will be applied to the securities registered pursuant to this
registration statement. In accordance with Question 212.24 of the Securities and Exchange Commission, Division of Corporation Finance&rsquo;s
Compliance and Disclosure Interpretations regarding Securities Act Rules, the registrant is not required to pay any additional fee with
respect to the Unsold Securities being included in this registration statement in reliance on Rule 415(a)(6), because such Unsold Securities
(and associated fees) are being moved from the Prior Registration Statement to this registration statement. Pursuant to Rule 415(a)(6),
the offering of securities under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this registration
statement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>Shares of common stock or preferred stock may be issued in primary offerings, upon conversion of debt securities or preferred stock
registered hereby or upon the exercise of warrants or subscription rights to purchase preferred stock or common stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>The debt securities being registered hereunder will consist of one or more series of senior debt securities or subordinated debt securities,
or any combination thereof, as more fully described herein.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD>Warrants exercisable for common stock, preferred stock, depositary shares, debt securities or other securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(f)</TD><TD>The depositary shares registered hereunder will be evidenced by depositary receipts issued pursuant to a deposit agreement. If the
registrant elects to offer to the public fractional interests in shares of preferred stock, then depositary receipts will be distributed
to those persons purchasing the fractional interests and the shares will be issued to the depositary under the deposit agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(g)</TD><TD>Subscription rights evidencing the right to purchase common stock, preferred stock, depositary shares, debt securities or other securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tm2325869d1_s3img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2325869d1_s3img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  _ 6(# 2(  A$! Q$!_\0
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"_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>tm2325869d1_s3img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2325869d1_s3img002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  T 1P# 2(  A$! Q$!_\0
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M-?7<%K$6VAYY BD]<9)Z\'\JI#Q1X?)P-=TPG_K[C_QI/%(!\(ZUG_GQG_\
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M6/\ [YY_X$OO6MJD\]KIES<6YC$D,;2 2*2#@9QP12<)*U^H*:=[="W17/\
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M_P!HBVF&G,4=''RR"4%0P_BZ?=/I6]H?B25[UM$UQ$M=8C'&.([E>SH?Z?\
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M%[?K?L"4%-S4EOY=K=_(SI[B76O%!BTV_LD_LI,L)8O.!E<$$@!U(*KQG/\
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M28HI+:TBN(X]OE6[GRLCI@[00/PX]ZF48I)IC4FW9HJZ1KRZO';31V<\4%Q
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M8JTTUM,%BD,:*8V7>!M0;<A.".>>O&2*$/Y@<Y=CLR0 22 !W-#$A20I8@<
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M7 8SME$*HI&-G)PA[]Z;C'6S] YI:?B//B>WCO9+>:UGC5+U+(RG:5\QP"O
M.<'<.<=^:W*P].T/R=8U*_O+>U=IKD36[@[VC C5.ZC!^4]/6MRIGRW]T<.:
MWO!11169H%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 (5#8R <'(R.AI:** "BBB@ I H484  =A110 M%%% !1110
#!__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>lg_alerusfinancialcorp-4clr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 lg_alerusfinancialcorp-4clr.jpg
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M ,T  0  !P$!               ! @,&!P@)!00! 0 " P$!
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M)1F$@F(H#0GQIU/R!1A.55K@X5"D3(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @("#X;MCY(Y8V/+'/#FL>.K7
M$=1[4A$N9_=SNEWKX)W&S_&&\RS,,%G=RBU;+(Z+= 7'X;VM('NN;0M<-".B
MM-.JMHRJ=^ZU)67^L#WKZCF^5T_ZPY=/VU6BO)O+-OI<[\<ZR_<B#C7,\]<Y
M;&9>/X,+;PR3/9.*_#^%0@#<X@.)!7'NT^,9=FG;-N[?Z)^@U5;/=8PKC52D
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0>??3Q6L%Q<SN#886ND>\]&M9J2IB.K&W2'*3U!\T@[@=V,[G[0M
M-D)&V=K(QKF;X;:L<;B'$FI: 2KSC5Q51<JWE+&(&A^3[Z[&BD8>QQ;D.2XG
MG<?R/%/#+W'RLGB)J=6.#J$5&FBT[*YJW4MB8EU[X1G+?DW&,3GK>5DT=];,
MF^)$:L+B*.H03T(*\_LKXV7=)S"YOO+!M$! 0$! 0$! 0$! 0$! 0$! 0$!
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M2HH2(" @(" @()7Z-*B4PM'GO*K+A?%,IRC*RB*QQT6]Q(--[R(V#W030N<
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M/(0QOQ>"@:VS))^,;^69CHWM!86EK61R!WO@U+>NM-')NW<>G7+H? RC" -
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MFS&DG8_CS\C->ODD%M*XO%G$QK&-<>IKK]Y=4;YA5VX%+3F?V5V]D>):@"X
M.M 64_>+*>7=C_XW5/LA0ONQ_'9(GLMIIXY#M]\AK^AK2@#?OK93F6CNTW])
MU?Z>D_DLC-]DLW;![L/<&Y94;('L$72GX6X_>797FZY[Q_54[O2-O^F\Q^G^
M;TNU/$.78O/2S9%MSCL=#\3?$=PAGD+-@TT#AK7=YA<W+V4O\N(=WIG$W:L^
M=IGK_9K!ZT.>,Y'SNTXQC;QTV,P4(;=11RE]NZ[>-Q>6#0/:'?#KKT3B4]JQ
MY.R)Z98S[#<$C[A]T,1@[F/XF,B!N\E1S62"WC  +"X.!.Y[/#HNODS\$X:M
M58\H=7XR!&S:1M:&ZCITZJAE<5QCHKQN ;J:(R3.HYI&AJ.BQR/BFU+6/J=U
M>GGYE91/5%HB8<D^\O"[[@G<K.X*>WGBM1<R28^XN8S%]JM2]S63,KHYKBUP
M!&FBN^-;,*3D>-;/,X[P'DG)-TMI;&.TZ?:9?<8X'0AM>I%>E585I:WL56SF
MUI$]?ZMC^V%GF^W.!GPF-R4T4EW/]KNG0$P$R&,1AIVN-10"BG[;7'6V%5/J
M&Z_2F?YK^Q/">6\HD^U0VDTD,]7&YF!^$_:=IH\Z$@A<NS=JI/3#+7Q.5NGK
MY0R'B.Q#I(*Y3)/B>0"V**,;6D]17>5RVYO7I"TIZ):W6UOZ?YO<M.PF!AEW
MW%]+-&6T^'\-HUJ-:U/WEHMS[>S]W73T.D3UMG]/\R][$824[K2^FA!T<TL:
M_3YBU1'-M/=LMZ-K]F/Y/IXEVEM.,YLY(7CIF0@?9F; SWG:N)]X^("U;>1Y
M^QT<7@3IGYL_I_FRK&VC1[M/(+C7*?QJH$5(((%$PT9]??\ /.*?Q<O[YRL>
M)\W\>Y5\OLTOC^L%<0K([PV\]!6O+^2_HX_CX54\SO"SXGM;]-^J/D58LT4!
M 0$! 0$! 0$!!BSU&_V+<N/A]D;^.C6=.[5L^5R8I]%5Z3V/.6B5V]L-.XW%
MB>@R=I7_ )UM%JW_ "M^CYG8.P</LD.OX#?O!>>MW7]9Z/HW#S6/5EE*Z2G3
MHF)1EBOOKW'PO;W@69O[^\9;Y*YM)H,1:_7DGN7M$;=C*@D-+PY_DVI6_369
MES[K1AJAZ&KFXR/=;DU_<.!DN<1<3OVZM$DM[ \T'AUZ+?NC#5HG+H#&'5'E
MU).O7[RXG<K(" @(" @(+,[M?V7\S_064_H<JSIWAKOV<?*@L:!U"]'K^6'G
M[]7H<=!'(\17_IUM^-:L-O9LU1/E#M!"]NSJ%YR5]7LJ[F^82&14>:"1Y&A%
M-5$22UG]9'/;7CO;<<;@N-F4Y$Y\$43)=DCX(@T2C:![P_A&U"Z]-,RY-ML0
MYS,HUIW'76IZ?2KZL8A3QT[KH[<<(RG<7F.*XOBXG/\ MEQ&V[EC%?A6X=ND
M>?W+ YRYMUXB&W729EUSXMBFX/C^,PX?O&/MH;8/.A(BC:ROW%1;)S*[H]I8
M0S%((" @(,?][?[*N6?HVX_>K9I^9HW?+/Y.0L?U@O14[*#_ %+CX1_GSQC]
M+6'])C6O?\LMU/FC\W8S'?S&V_BF?>"\];NOJ]GUJ&0@(" @(""G(B)[.07>
M#^T_E?Z0G^^O1:/E4&[NV:] (_E7+?W%O_OE6\WN[>%[6\S>BKH6:*D$!! B
MHH@M[DW&\9RK#7_'LW;B[Q61C,%S;O <PLK45:=-" 0IB\UGHBT1,.:7?_L#
MF>T.6_.%E'+><,O99&V61#!_!.;1PCF+20'$.]VM-VUU!HKC1OB8ZJC?IGV,
M+L<01N^4'_5Y+NB<J_&)ZJL3Y+:6.YM)/@SPNWQRLTD#O AP.E/!1:D6;JS,
M=6TW9?UA9CC$5IQ_N&)LIB(G'=F/B/DO&Q;*-:YCP[?1PZ[QH:>"KMO&]SNU
M;Y]K>GC/*L+RC%6V;P%W'?XJ\;N@N(B'!U#0ZCR-6GVA5UJS"PK>)Z+A#FT%
M#HM;8C4>:"/5 0$! 0$$I:#52C"DZ/0>86),+6YMR"#B?&,KR*X>&0XZWDE(
M<X1ASZ48T.(-"YQ "VUCREHO/C#D=RC/W/*>09+/WH(N+ZX?<D'4M8]Q(!Z5
MI6E5?:J>-5/>8M,RS-V'QT^+M9N36FZ&[GW0PSM\8PX;MH_=-%5T12+QA1\K
MF6UST;><-[TMA#;+D;'5! %VTZ;N@:YM--*ZU7!N]/MWAW</UFDXBW[LT8W,
M6&0MFW-M,V2)W1S7!VOEHJC9KM2</3:M]-E<Q*K<9"VMHGS2R-9'&"Y[G.H&
MTZFOL6,:YM/9E;=6L9RQKRKO)A\7%):8K^6WK6TW,</@M)\2:&M/)6&GA7MW
MA2\OU;72)Q.9:X\OBAYQG8L]R"$7F3BA%M!(^ONQ;W/#:5\"\GYUZ#1Q:4C,
MO';_ %'9>W25S<5X+FN42PLL("RQ+OANNBTEC-H!->G@?-:M_+KKZ0Z.+PMO
M(G,Q,0S)B^ \0X/;,RF:N&-DA>UQN;IP8QKS1HV]* DJCV\NUGJN-Z;KU=^[
M)-J8'Q1SP4DAF:#$]NH<'"H(/DN*9RNJ4A]\456@]/FHL,MLPJA@"QE&$=BF
M!*6$Z^*)5 @(" @D?_K(F&C?KY_G?$_XN7]\Y6'"[JOEM+XNJN85E6WGH)_S
MPY)^CS^/A53S>\+/A^UOV.BK%F(" @(" @(" @("#%OJ._L4Y?\ X(W\=&LZ
M=VO9/1R6+CJ/:O19Z//3+TL;?W6)O;7+63_AWMG,V>V>?!\9#@?F*SM7,-E)
M949ZI^]4;0QO(7AHT;];H/\ =+BGC5EN^XLG_6J[UG3^L;_H=_PD^VJG[BR7
M]:;O210<C<.IU#NO_K:)]M4^O9CSEO-^3\]R3LMRC(/OKM^UM7_5 8 T;16H
M IY]5NUZ8AJM>;-C?04*=S.0=:?F644/LNK8+AY<8=W%ET('4?>57E8IE(("
M @(""'B$%F]VO[,.9_H+*?T.5;-?S0UW[./(%!5>BIV>=OTMEZ7'G%W(L.VE
M3]MMJ?\ /-*U;\S5NU7S:,NS$<[ S<UP(\=5036<KVMHPB)F5()UJ*FNH6.)
M3F'Q93-XK"VQO,I=Q6ME6AGE>& ./0:^*RBLR3>(84[D>K/MMP3=:V4AS^7I
M)2TLWMV!T=*-DDH[9N)T.T]"NBG'F7/;D5AH!W)[D\C[I<@DSW(YMS07MMK4
M?4@B<[=L;Y45MJTQ17;-DVZO$X[Q?D',<E#BN/6$U]=RRQ14@:7AKIG[&EU
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MKS^[YFSGH!_G7+?W$'^^5=SN\.[A^UO*WHJU9HJ00$!!"@21))&'-(IUZK#
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MUJR]3#9[,\8OX<M@[V2QOHZ%LT)VN!!!'3J--05JVZ_*&5+S6<LMM]8'?UH
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M,3J/:B0FB!52@=7P4)2&1HZJ,HF4VX.&BF!!M:J)AE[$:GP4H0+CT-%"<(-
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M3N3F&&]MY+IT+35S@*=-=-*>*Z;4T4Z95<;>5L^*(_J^O#]U>68"YCCR8-Q
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MN;S;$/A^U2.+6?4BN&.:'ZZDB@/T+7]GKVQFKLCU3?JQYQ&&<. \TM^88P7
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M"2<R9F%SRZ"-MN8V^%7&7<1\M L_4)CR:/\ KTS-)?'WTSEW^>+;"1O,=O%
M+B8;6N:XR.]VI() &TU67 K'=H]?W6SX1VQ"Z>T_!L;;X2#,W<(EO[SWP]_O
M!K&GW0 = :U\%S\ODSY8A;^F^G4IKS/=DYUC YA9\,!I\* Z_.J[SMW74ZJX
MPP7WAX-;8ZO(\:PL8\L%VQI ;O<[:'4]N@H-%>\#DQ?X)>2]9X/C'G7\/W>]
MV,Y"Z[Q\^%FD#YK1Y?&#N+OA/%:UZ?6)"Y/4-,5E8>B;IM7$^_\ L^?U .(L
M<43T$QT'2@:XK?Z;'7^/<Y?^PQ$T_CWOH[(0PRX">21C75G<6AS0>I/GJM?.
MM,3T;?1=5?#K_'17[T6^(9QILLK&-O?BAEH]H(.\@DCW=-6@_63TR]_J?%V3
MZW2D:>G=;W81TPO<AHX6WPV4J/=+MP\>E:571ZK%>F/Q<_H-^D_HSPZ1K8W/
M_!I7R^^O/XST>NM;IEKMWEY$W-9JUPE@7R&R,K)FL::/DE<T!H!%26[/P?->
MBX%(I7,_@\1ZSMG;/A7KW>1VVRTW$^9,L,H\6L<I%O=M>YI =^ ":D"A)UJM
MG,K&RGE#F])VVX^SPOTSB&SL;FS1-> 'QO!I34$4\5YOM+WT?%"BZRM3&X_!
M82 ==C1X?(LHM/1A;77'9JMRUH;SZ\VMVL;=Q#8.E#L"]-JS]'])> YD_P#Z
M<8_U1_9L[BK*V_-EJYT#"XQ-J=H\!75>=O><R]WITU\8F8??.P&SEV- &QVC
M?W)'BM.N<V;=GRRU.QP/]>&M_P"NS?OGKU5NFF'S>U?_ -$MJ,YD(,1B[B_G
M>&0P,+BX@N'0TJ&@GKY+R\5FUGT?9:*5:JXC'7O/>3NAEJ9+Q\D\^UVT1L<[
M<2W<:[16E-2O5WM]#7G\7SW57[O=B9]C:'!\<QV#M8[*SA#8XA1M0"2#U))U
M*\MLWWO.7O='%IKK$09CC>)SEO);W]LV6&1IB(Z$-=UHX:CYC513=:LLMG&U
M[(^*&L65MKGA'+',M7FME.V6-VCGE@<#3I0_5UJO2Q-=M'S_ '3/$Y&*^YM3
MBK@WMA!<N !D:*^W1>9O'C,OH6J?*N6JW/VODYKEA$TOD,[6M:P%SB2UH HO
M6\2:_1ZOFGJ>N]^5\/N_Q7;VU[DS821F!SLI^P.>6QS/&L1-30D:[:^)^\N'
MF<2+=:KGT[U/PF-=_P"[)/=">&X[>Y&2!WQ&2LMGQN9J'--Q$:BGA15?&K-=
MG5Z+U&]9T3,?A^\+6]/[3]FRM?\ C8_WB[/4)^7\E7Z'U\_S9NH=P'@J6>SU
M>553 (" @(" @(" @(" @(" @(" @*)!/8+1[E5_J=F*=?L<_P"]75Q?GC\U
M=ZA_PV_*6L?%L+RS,37$?%FS&6,,-Q\&X9;FA)VU+GLKX]%Z'=LUUK$R\'Q-
M.^][?3S_ #PN<<&[O@T,=Z/_ .1B_+KCMOTS'L_DL:<3G5OUSC_Y?YLS=N<9
MR#&8!MOR'XGVX2.)^+*V9VTTI[S7.^^JO?-9GH]5Q*;(I\?=B7OJ-O*;/R^R
M_P"^>K3@=I_)YSUKI>OYLK=I17@>)/\ '_TB15O*_P"25]Z;UT5_7]Y8V[^C
M_+U@?#[.3]WR5AZ=/2?R4WKT=:__ "C]GMWO;NWY5P[&W=G&UF899P.9)]4/
M#8P-CC6GSK37D6UW_!TW]/KOUQCNQQQSD&:X#F9[#(E]O;@OAO;8^^*M=0[2
MW=4@^(-"K#92N_K7NH->[9PKS6^</L[=S1W/<)L\9W1R32O8ZE"0Y]5CRZ>&
MK'XMGIFZ-O*S'N;0N(:2XZT'31>;GN^@9:V]X^139?.Q8B!SQ;VC7,(#J-=*
M74)(KK3;H?H7H?3M7CUEXCUGD>=O#/1=%]Q/&M[=_FZV?&;^")UTT[Z/=+L)
M\#];0+1KWS&WR=VWB4MQ\1^;PNRW)W6.6=QZXD+H;K<^W:2[:QS&'<-?/:*+
M?ZAJS'E^#E]%Y'C::3[Y_9L)$X;:DZGI\Z\_,>Q[..V6LG-17NO*#K6\LAKK
M_>X5>:NFB7AN37/-C*[>Y7:Z2XA=R/C\0$H8QUW:M(;\0'0N;4TJ*AQ&G3S6
M/'Y>)\;.[G^F^5?.G?\ 18&-YMD+# Y#C-^Z2>UF8&0[C4Q.#@2W7WJ:*P^V
MC;:+545N=?3KG7=?W8*@?D0?JDBH^9JK_4XQB/="[_Z_>9\OS>OW[&[CMB!K
MMO@:@5 ;\*5<_ GXX=GKD?[,O/[$WL+K/(V>T,N&.B<"*>\TF2E![/%;_4H[
M?K_9R>@7BT37W>/]V:P[0:Z*DS#U\] .:RI<:>)4XZL9[)7O;(T@&I(I]*8,
MQ,-<^^<89RJU!_Z%'^-E5SP\S6WY/'^K1C97\X9WXJ^G&L7[;>/[RJ]OSR]/
MQK?[=5O=UN1183BETX/+;F[I:VS1N!+Y-#0MZ$-J15;N+JS>')ZEN^GJEBCL
M]B[6ZO[S+7\K=T ^'LE<=SGO'CK0BE:JUYU\1%8]DO-^DZXO,WM[7@<HM+CA
M_,I+G'S4;\7[3:RQ["/X35S0T5'N[BWW@M])^IIBKDYD_0Y'E'1L[@,HS+8F
MSR+"/Y3$R5P'@7M!(^:J\[>GCT>[T[/.L2QAWZ(_--H?_>MI]!5CZ=_R?HH?
M^P?\7ZPK=AB!A+OS$G^NY3ZG_P OZ)_Z_P#\/ZRR^'::&JJ7I_:GT.JQE"0B
MG53DB.BQNZH)X5D0&E^C20*>#AYKHXG6RJ]4C.B8_+]V->P]];,R%[9/;2Z(
M^(V8ANK2WZM>NG567.I;$3^"A]"Q6;1/O_LSXR1CM"[WJZ*C\O8]E'5'W1NW
M.Z*8B2>G<>]CF;:^/5,X(CRCHUA[QPR,YG<2/:1%)$P,>>AVBAI\B])P/^.T
M_D\)ZQ::[HB?Q9O[:S0NX9B6L(.RVBC?36CFMU!*IN3\\Y][U?I_Q:*X]T+P
M %-/I7)F)[+"(PL'NU?Q6?$;QCF NN6NA94@EI>*;A7Q"[^%7_=B?9E4>K;(
MC1:)]TL?]@]WYPRKB/<+( *CR<\D55AZE:)B,?BHO0(GRM[NG]UW=\G5XBT#
MH9V>S2H7'Z?.-G\EIZ[/^QB/Q_9A? Y;FEE:F+CTTS;+<2X1L8YHHVIU>TJ[
MY/TL]</*\2>577\,=(_'_-\EUE>0\IO;:PR=\^XF,@CBBE+6M!)+:D- 9X_*
MMFNFNE?*/<T3R-VW9]._O][8OMQPR'BN+:'/$E]<-W7$HU!-20UOA0#3YEYC
ME;OJ7E[WT_BQII"W^_3&CBMBXDG_ "E$*:_\1/Y+?P?^28_#^\./UN(^C'_R
M_M+$F#RO.;;'108*:9M@US]K8V,<*EQKJYI\5<\B-&?BG^CRO#^Z^G$4B<?F
MJW6,[A<MGCAO8I[N2,$ALABC&E*_6+&U6KZVFGRS_1T[N-RMOPVB?YQ_BSWV
M^X?_ %1Q#;9[629!U#<R1TH_R +J&FI5'R-WG+V'!X<:*8AAKO>XGF+21HZS
MB /[:CGZ:^7M5KPZ_"\MZU:/J]?=']V=N&9*SR/'K"XL6"*W<P 14 VD  BC
M= J;?6T6>PXMXM2,+ATJ/):'7W8U[U7EO#Q26U?(&SW#X_A- Z[7@GP\E8\"
MOQQA1^L7B-,Y_#]UC=A8Y/SWD)FM(B$ 874T#MU:+L]3Z8S[E3Z#,SY3'O\
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ML=/\.K._;'B)XMA&LG!^VW!,MS4@T<10 ?(V@5#RMOU;=WM/3N)]&G;NM#U
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M4Z?%974]=O@M/J>R+VC#H]!K-:6B?>S<SWO%4O9ZS.851H %((" @(" @("
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M(! (J@4'2B"7:F48"*]0A UOBH2BYH(2/>2EV#RZ*<IA,&^81B4!K4*4H",
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0 @(" @(" @(" @(" @__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>tm2325869d1_ex23-1img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2325869d1_ex23-1img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !> &4# 2(  A$! Q$!_\0
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MMD'HXZUA5C;5%Q9N4445B4</\1-7^PR^'++/_'WJ<1;W56']64_A3?BXC/X
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9411A548 'TIU*51R&E8****S&%%%% '_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
