Company: OSIS
Filing Date: 2025-11-20
Form Type: 8-K
Source: 0001104659-25-114644
Chunk: 2

Company: OSI SYSTEMS INC
Filing Date: 2025-11-20
Form: 8-K
Item: Item 1.01
Chunk 2
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 Notes are outstanding and not called for redemption as of the time
the Company sends the related redemption notice. The redemption price will be a cash amount equal to the principal amount of the Notes
to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. In addition, calling any Note for redemption
will constitute a Make-Whole Fundamental Change with respect to that Note, in which case the conversion rate applicable to the conversion
of that Note will be increased in certain circumstances if it is converted after it is called for redemption.

If certain corporate events that constitute a “ Fundamental Change”
(as defined in the Indenture) occur, then, subject to a limited exception for certain cash mergers, noteholders may require the Company
to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid
interest, if any, to, but excluding, the fundamental change repurchase date. The definition of Fundamental Change includes certain business
combination transactions involving the Company and certain de-listing events with respect to the Company’s common stock.

The Notes will have customary provisions relating to the occurrence
of “ Events of Default” (as defined in the Indenture), which include the following: (i) certain payment defaults on the
Notes (which, in the case of a default in the payment of interest on the Notes, will be subject to a 30-day cure period); (ii) the
Company’s failure to send certain notices under the Indenture within specified periods of time; (iii) the Company’s failure
to comply with certain covenants in the Indenture relating to the Company’s ability to consolidate with or merge with or into, or
sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company
and its subsidiaries, taken as a whole, to, another person; (iv) a default by the Company in its other obligations or agreements
under the Indenture or the Notes if such default is not cured or waived within 60 days after notice is given in accordance with the Indenture;
(v) certain defaults by the Company or any of its significant subsidiaries with respect to indebtedness for borrowed money of at
least $70,000,000; and (vi) certain events of bankruptcy, insolvency and reorganization involving the Company or any of its significant
subsidiaries.

If an Event of