Document:

Exhibit
4.3

 

MICRON
TECHNOLOGY, INC.

as
Issuer

 

and

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION

as
Trustee

 

 

Indenture

 

Dated
as of April    , 2009

 

 

        %
Convertible Senior Notes due October 15, 2013

 

 

Micron
Technology, Inc.

 

Reconciliation and Tie
between the Trust Indenture Act of 1939, as amended, and the Indenture, dated
as of April     , 2009, between Micron Technology, Inc.
and Wells Fargo Bank, National Association, as Trustee.

 

	
  Trust Indenture Act Section

  	
   

  	
  Indenture Section

  
	
  § 310

  	
  (a)(1)

  	
   

  	
  7.10

  
	
   

  	
  (a)(2)

  	
   

  	
  7.10

  
	
   

  	
  (a)(3)

  	
   

  	
  Not Applicable

  
	
   

  	
  (a)(4)

  	
   

  	
  Not Applicable

  
	
   

  	
  (a)(5)

  	
   

  	
  7.10

  
	
   

  	
  (b)

  	
   

  	
  7.08(a)(iii), 7.08(e)

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 311

  	
  (a)

  	
   

  	
  7.03

  
	
   

  	
  (b)

  	
   

  	
  7.03

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 312

  	
  (a)

  	
   

  	
  2.05

  
	
   

  	
  (b)

  	
   

  	
  13.02(a), 13.04

  
	
   

  	
  (c)

  	
   

  	
  13.02(a), 13.04

  
	
  § 313

  	
  (a)

  	
   

  	
  7.06

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  
	
   

  	
  (c)

  	
   

  	
  7.05, 7.06

  
	
   

  	
  (d)

  	
   

  	
  7.06

  
	
  § 314

  	
  (a)

  	
   

  	
  4.04, 4.05

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  
	
   

  	
  (c)(1)

  	
   

  	
  13.05(1)

  
	
   

  	
  (c)(2)

  	
   

  	
  13.05(2)

  
	
   

  	
  (c)(3)

  	
   

  	
  Not Applicable

  
	
   

  	
  (d)

  	
   

  	
  Not Applicable

  
	
   

  	
  (e)

  	
   

  	
  13.06

  
	
  § 315

  	
  (a)

  	
   

  	
  7.01(b), 7.02(a)

  
	
   

  	
  (b)

  	
   

  	
  7.05

  
	
   

  	
  (c)

  	
   

  	
  7.01(b)

  
	
   

  	
  (d)

  	
   

  	
  7.01(c)

  
	
   

  	
  (d)(1)

  	
   

  	
  7.01(b), 7.02(a)

  
	
   

  	
  (d)(2)

  	
   

  	
  7.02(c)

  
	
   

  	
  (d)(3)

  	
   

  	
  7.02(e)

  
	
   

  	
  (e)

  	
   

  	
  6.12

  
	
  § 316

  	
  (a)(1)(A)

  	
   

  	
  6.05

  
	
   

  	
  (a)(1)(B)

  	
   

  	
  6.04

  
	
   

  	
  (a)(2)

  	
   

  	
  Not Applicable

  
	
   

  	
  (b)

  	
   

  	
  9.02(b)

  
	
   

  	
  (c)

  	
   

  	
  13.02(d)

  
	
  § 317

  	
  (a)(1)

  	
   

  	
  6.03

  
	
   

  	
  (a)(2)

  	
   

  	
  6.09

  
	
   

  	
  (b)

  	
   

  	
  8.02

  
	
  § 318

  	
  (a)

  	
   

  	
  7.01

  

 

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

 

i

 

TABLE OF CONTENTS

(Continued)

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  1 Definitions and Incorporation by Reference

  	
  1

  
	
   

  	
   

  
	
  Section 1.01.

  	
  Definitions

  	
  1

  
	
  Section 1.02.

  	
  Other Definitions

  	
  6

  
	
  Section 1.03.

  	
  Incorporation by Reference of
  Trust Indenture Act

  	
  7

  
	
  Section 1.04.

  	
  Rules of Construction

  	
  8

  
	
  Section 1.05.

  	
  Acts of Holders

  	
  8

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  2 The Notes

  	
  9

  
	
   

  	
   

  
	
  Section 2.01.

  	
  Form, Dating and Denominations;
  Legends

  	
  9

  
	
  Section 2.02.

  	
  Execution and Authentication

  	
  10

  
	
  Section 2.03.

  	
  Registrar, Paying Agent and
  Conversion Agent

  	
  10

  
	
  Section 2.04.

  	
  Paying Agent to Hold Money in
  Trust

  	
  11

  
	
  Section 2.05.

  	
  Noteholder Lists

  	
  11

  
	
  Section 2.06.

  	
  Transfer and Exchange

  	
  11

  
	
  Section 2.07.

  	
  Replacement Notes

  	
  12

  
	
  Section 2.08.

  	
  Outstanding Notes

  	
  13

  
	
  Section 2.09.

  	
  Treasury Notes

  	
  13

  
	
  Section 2.10.

  	
  Temporary Notes

  	
  14

  
	
  Section 2.11.

  	
  Cancellation

  	
  14

  
	
  Section 2.12.

  	
  CUSIP Numbers

  	
  14

  
	
  Section 2.13.

  	
  Book-Entry Provisions for Global
  Notes

  	
  14

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  3 Repurchases

  	
  15

  
	
   

  	
   

  
	
  Section 3.01.

  	
  Repurchase at the Option of the
  Holders Upon Change in Control or Termination of Trading

  	
  15

  
	
  Section 3.02.

  	
  Effect of Repurchase Notice

  	
  18

  
	
  Section 3.03.

  	
  Deposit of Repurchase Price

  	
  19

  
	
  Section 3.04.

  	
  Notes Repurchased in Part

  	
  19

  
	
  Section 3.05.

  	
  Covenant to Comply with
  Securities Laws upon Repurchase of Notes

  	
  19

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  4 Covenants

  	
  20

  
	
   

  	
   

  
	
  Section 4.01.

  	
  Payment of Notes

  	
  20

  
	
  Section 4.02.

  	
  Maintenance of Office or Agency

  	
  20

  
	
  Section 4.03.

  	
  Existence

  	
  21

  
	
  Section 4.04.

  	
  Reports

  	
  21

  
	
  Section 4.05.

  	
  Reports to Trustee

  	
  21

  
	
  Section 4.06.

  	
  Stay, Extension and Usury Laws

  	
  22

  

 

ii

 

TABLE OF
CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  5 Consolidation, Merger, Sale or Lease of Assets

  	
  22

  
	
   

  	
   

  
	
  Section 5.01.

  	
  Consolidation, Merger, Sale or
  Lease of Assets by the Company

  	
  22

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  6 Default and Remedies

  	
  23

  
	
   

  	
   

  
	
  Section 6.01.

  	
  Events of Default

  	
  23

  
	
  Section 6.02.

  	
  Acceleration

  	
  24

  
	
  Section 6.03.

  	
  Other Remedies

  	
  24

  
	
  Section 6.04.

  	
  Waiver of Past Defaults

  	
  24

  
	
  Section 6.05.

  	
  Control by Majority

  	
  25

  
	
  Section 6.06.

  	
  Limitation on Suits

  	
  25

  
	
  Section 6.07.

  	
  Rights of Holders to Receive
  Payment

  	
  26

  
	
  Section 6.08.

  	
  Collection Suit by Trustee

  	
  26

  
	
  Section 6.09.

  	
  Trustee May File Proofs of
  Claim

  	
  26

  
	
  Section 6.10.

  	
  Priorities

  	
  26

  
	
  Section 6.11.

  	
  Restoration of Rights and
  Remedies

  	
  27

  
	
  Section 6.12.

  	
  Undertaking for Costs

  	
  27

  
	
  Section 6.13.

  	
  Rights and Remedies Cumulative

  	
  27

  
	
  Section 6.14.

  	
  Delay or Omission Not Waiver

  	
  28

  
	
  Section 6.15.

  	
  Failure to File

  	
  28

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  7 The Trustee

  	
  29

  
	
   

  	
   

  
	
  Section 7.01.

  	
  General

  	
  29

  
	
  Section 7.02.

  	
  Certain Rights of Trustee

  	
  29

  
	
  Section 7.03.

  	
  Individual Rights of Trustee

  	
  31

  
	
  Section 7.04.

  	
  Trustee’s Disclaimer

  	
  31

  
	
  Section 7.05.

  	
  Notice of Default

  	
  31

  
	
  Section 7.06.

  	
  Reports by Trustee to Holders

  	
  31

  
	
  Section 7.07.

  	
  Compensation and Indemnity

  	
  31

  
	
  Section 7.08.

  	
  Replacement of Trustee

  	
  32

  
	
  Section 7.09.

  	
  Successor Trustee by Merger

  	
  33

  
	
  Section 7.10.

  	
  Eligibility

  	
  33

  
	
  Section 7.11.

  	
  Money Held in Trust

  	
  33

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  8 Discharge

  	
  33

  
	
   

  	
   

  
	
  Section 8.01.

  	
  Satisfaction and Discharge of
  this Indenture

  	
  33

  
	
  Section 8.02.

  	
  Application of Trust Money

  	
  34

  
	
  Section 8.03.

  	
  Repayment to Company

  	
  34

  
	
  Section 8.04.

  	
  Reinstatement

  	
  35

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  9 Amendments, Supplements and Waivers

  	
  35

  
	
   

  	
   

  
	
  Section 9.01.

  	
  Amendments Without Consent of
  Holders

  	
  35

  

 

iii

 

TABLE OF
CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  Section 9.02.

  	
  Amendments With Consent of
  Holders

  	
  36

  
	
  Section 9.03.

  	
  Effect of Consent

  	
  37

  
	
  Section 9.04.

  	
  Trustee’s Rights and Obligations

  	
  37

  
	
  Section 9.05.

  	
  Conformity With Trust Indenture
  Act

  	
  38

  
	
  Section 9.06.

  	
  Payments for Consents

  	
  38

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  10 Conversion

  	
  38

  
	
   

  	
   

  
	
  Section 10.01.

  	
  Conversion Privilege

  	
  38

  
	
  Section 10.02.

  	
  Conversion Procedures;
  Conversion Settlement

  	
  38

  
	
  Section 10.03.

  	
  Fractional Shares

  	
  40

  
	
  Section 10.04.

  	
  Taxes on Conversion

  	
  40

  
	
  Section 10.05.

  	
  Company to Provide Common Stock

  	
  40

  
	
  Section 10.06.

  	
  Adjustment for Change in Capital
  Stock

  	
  40

  
	
  Section 10.07.

  	
  Adjustment for Rights, Options
  or Warrants Issue

  	
  41

  
	
  Section 10.08.

  	
  Adjustment for Other
  Distributions

  	
  42

  
	
  Section 10.09.

  	
  Adjustment for Cash Dividends

  	
  44

  
	
  Section 10.10.

  	
  Adjustment for Tender Offer

  	
  44

  
	
  Section 10.11.

  	
  Provisions Governing Adjustment
  to Conversion Rate

  	
  45

  
	
  Section 10.12.

  	
  Disposition Events

  	
  46

  
	
  Section 10.13.

  	
  Adjustment to Conversion Rate
  Upon a Make-Whole Change in Control; Discretionary Adjustment

  	
  47

  
	
  Section 10.14.

  	
  When Adjustment May Be
  Deferred

  	
  49

  
	
  Section 10.15.

  	
  When No Adjustment Required

  	
  49

  
	
  Section 10.16.

  	
  Notice of Adjustment

  	
  50

  
	
  Section 10.17.

  	
  Notice of Certain Transactions

  	
  50

  
	
  Section 10.18.

  	
  Right of Holders to Convert

  	
  50

  
	
  Section 10.19.

  	
  Company Determination Final

  	
  50

  
	
  Section 10.20.

  	
  Trustee’s Adjustment Disclaimer

  	
  51

  
	
  Section 10.21.

  	
  Simultaneous Adjustments

  	
  51

  
	
  Section 10.22.

  	
  Successive Adjustments

  	
  51

  
	
  Section 10.23.

  	
  Rights Issued in Respect of
  Common Stock Issued Upon Conversion

  	
  51

  
	
  Section 10.24.

  	
  Withholding Taxes for
  Adjustments in Conversion Rate

  	
  52

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  11 Redemption

  	
  52

  
	
   

  	
   

  
	
  Section 11.01.

  	
  Right to Redeem; Notices to Trustee

  	
  52

  
	
  Section 11.02.

  	
  Selection of Notes to be
  Redeemed

  	
  55

  
	
  Section 11.03.

  	
  Notice of Redemption

  	
  55

  
	
  Section 11.04.

  	
  Effect of Notice of Redemption

  	
  56

  
	
  Section 11.05.

  	
  Deposit of Redemption Price

  	
  56

  
	
  Section 11.06.

  	
  Notes Redeemed in Part

  	
  56

  

 

iv

 

TABLE OF
CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  12 Payment of Interest

  	
  57

  
	
   

  	
   

  
	
  Section 12.01.

  	
  Interest Payments

  	
  57

  
	
  Section 12.02.

  	
  Defaulted Interest

  	
  57

  
	
  Section 12.03.

  	
  Interest Rights Preserved

  	
  58

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  13 Miscellaneous

  	
  58

  
	
   

  	
   

  
	
  Section 13.01.

  	
  Trust Indenture Act of 1939

  	
  58

  
	
  Section 13.02.

  	
  Noteholder Communications;
  Noteholder Actions

  	
  58

  
	
  Section 13.03.

  	
  Notices

  	
  59

  
	
  Section 13.04.

  	
  Communication by Holders with
  Other Holders

  	
  60

  
	
  Section 13.05.

  	
  Certificate and Opinion as to
  Conditions Precedent

  	
  60

  
	
  Section 13.06.

  	
  Statements Required in
  Certificate or Opinion

  	
  61

  
	
  Section 13.07.

  	
  Legal Holiday

  	
  61

  
	
  Section 13.08.

  	
  Rules by Trustee, Paying
  Agent, Conversion Agent and Registrar

  	
  61

  
	
  Section 13.09.

  	
  Governing Law

  	
  61

  
	
  Section 13.10.

  	
  No Adverse Interpretation of
  Other Agreements

  	
  62

  
	
  Section 13.11.

  	
  Successors

  	
  62

  
	
  Section 13.12.

  	
  Counterparts

  	
  62

  
	
  Section 13.13.

  	
  Severability

  	
  62

  
	
  Section 13.14.

  	
  Table of Contents and Headings

  	
  62

  
	
  Section 13.15.

  	
  No Liability of Directors,
  Officers, Employees, Incorporators, Members and Stockholders

  	
  62

  

 

EXHIBITS

 

	
  EXHIBIT
  A

  	
   

  	
  Form of
  Note

  
	
  EXHIBIT
  B

  	
   

  	
  DTC
  Legend

  

 

v

 

INDENTURE dated as of April     ,
2009 between Micron Technology, Inc., a Delaware corporation (the “Company”) and Wells Fargo Bank, National Association, a
national banking association, as Trustee.

 

RECITALS

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the
issuance of $200,000,000 (or up to $230,000,000 to the extent the Underwriters
exercise their over-allotment option under the Underwriting Agreement in full)
aggregate principal amount of the Company’s
        % Convertible Senior Notes due October 15,
2013 (the “Notes”).  All things necessary to make this Indenture a
valid and binding agreement of the Company, in accordance with its terms, have
been done, and the Company has done all things necessary to make the Notes,
when executed by the Company and authenticated and delivered by the Trustee and
duly issued by the Company, the valid and binding obligations of the Company as
hereinafter provided.

 

This Indenture is subject
to, and will be governed by, the provisions of the Trust Indenture Act that are
required to be a part of and govern indentures qualified under the Trust
Indenture Act.

 

THIS
INDENTURE WITNESSETH

 

For and in consideration
of the premises and the purchase of the Notes by the Holders thereof, the
parties hereto covenant and agree, for the equal and proportionate benefit of
all Holders, as follows:

 

ARTICLE 1 

 

DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section 1.01.          Definitions.

 

“Additional
Notes” means the $30,000,000 aggregate principal amount of Notes
issued under this Indenture as a result of the Underwriters exercise of their
over-allotment option under the Underwriting Agreement.  The Additional Notes shall have the same
terms as the Initial Notes.

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with,
such Person.  For purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”) with respect to any Person,
means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of such Person, whether through
the ownership of Voting Securities, by contract or otherwise.

 

 

“Agent”
means any Registrar, Paying Agent or Conversion Agent.

 

“Agent Member”
means a member of, or a participant in, the Depositary.

 

“Applicable
Conversion Rate” means the Conversion Rate on any day.

 

“Applicable
Procedures” means, with respect to any transfer or exchange of
beneficial ownership interests in a Global Note, the rules and procedures
of the Depositary, in each case to the extent applicable to such transfer or
exchange.

 

“Bankruptcy
Law” means Title 11 of the United States Code (or any successor
thereto) or any similar federal or state law for the relief of debtors.

 

“Board of
Directors” means the board of directors or comparable governing body
of the Company, or any committee thereof duly authorized to act on its behalf.

 

“Business Day”
means any weekday that is not a day on which banking institutions in The City
of Boise, The City of New York or a place of payment are authorized or
obligated to close.

 

“Capital
Stock” means, with respect to any Person, any and all shares of
stock of a corporation, partnership interests or other equivalent interests (however
designated, whether voting or non-voting) in such Person’s equity, entitling
the holder to receive a share of the profits and losses, and a distribution of
assets, after liabilities, of such Person.

 

“Cash”
means such coin or currency of the United States as at any time of payment is
legal tender for the payment of public and private debts.

 

“Certificated
Note” means a Note in registered individual form without interest
coupons.

 

“Change in Control”
shall have the meaning set forth in Section 3.01(a) of this
Indenture.

 

“Close of
Business” means 5:00 p.m. (New York City time).

 

“Closing
Price” of Common Stock or any other security on any date means the
closing sale price per share (or, if no closing sale price is reported, the
average of the last bid and last ask prices or, if more than one in either
case, the average of the average bid and the average ask prices) on that date
as reported in composite transactions for the principal U.S. securities
exchange on which Common Stock or such other security is traded.  If Common Stock or such other security is not
listed for trading on a U.S. national or regional securities exchange on the
relevant date, the Closing Price will be the last quoted bid price for Common
Stock or such other security in the over-the-counter market on the relevant
date as reported by the National Quotation Bureau or similar organization.  If Common Stock or such other security is not
so quoted, the Closing Price will be the average of the mid-point of the last
bid and ask prices for Common Stock or such other security on the relevant date
from each of at least three nationally recognized independent investment
banking firms selected by the Company for this purpose.  The Closing Price will be determined without
reference to extended or after hours trading.

 

2

 

“Common Stock”
means Common Stock of the Company, $0.10 par value, as it exists on the date of
this Indenture and any shares of any class or classes of Capital Stock of the
Company resulting from any reclassification or reclassifications thereof and
which have 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 are not subject to redemption by the Company; provided that if at any time there shall be more than one
such resulting class, the shares of each such class then so issuable on
conversion of Notes shall be substantially in the proportion which the total
number of shares of such class resulting from all such reclassifications bears
to the total number of shares of all such classes resulting from all such
reclassifications.

 

“Company”
means the party named as such in the first paragraph of this Indenture or any
successor obligor under this Indenture and the Notes pursuant to Section 5.01.

 

“Conversion
Price” per share of Common Stock as of any day means $1,000 divided by the Conversion Rate on such day.

 

“Corporate
Trust Office” means the office of the Trustee at which the corporate
trust business of the Trustee is principally administered, which at the date of
this Indenture is located at 625 Marquette Avenue South, MAC N9311-110,
Minneapolis, Minnesota 55479.

 

“Current
Market Price” of Common Stock on any day means the average of the
Closing Prices of Common Stock for each of the five consecutive Trading Days
ending on the earlier of the day in question and the day before the Ex-Date
with respect to the issuance or distribution requiring such computation.

 

“Debt”
means, with respect to any Person, without duplication, (a) all
obligations of such Person for borrowed money (other than non-recourse
obligations); and (b) all obligations of such Person evidenced by bonds,
debentures, notes or other similar instruments.

 

“Default”
means any event that is, or after notice or passage of time or both would be,
an Event of Default.

 

“Depositary”
means DTC or the nominee thereof, or any successor thereto.

 

“DTC”
means The Depository Trust Company, a New York corporation, and its successors.

 

“DTC Legend”
means the legend set forth in Exhibit B.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the Commission thereunder.

 

3

 

“Ex-Date”
means, with respect to any distribution on Common Stock, the first date on
which the shares of Common Stock trade on the applicable exchange or in the
applicable market, regular way, without the right to receive such distribution.

 

“GAAP”
means generally accepted accounting principles in the United States of America
as in effect from time to time.

 

“Global Note”
means a Note in registered global form without interest coupons.

 

“Holder”
or “Noteholder” means the registered holder
of any Note.

 

“Indenture”
means this indenture, as amended or supplemented from time to time.

 

“Initial
Notes” means the Notes, other than any Additional Notes, issued on
the date hereof and any Notes issued in replacement thereof.

 

“Interest
Payment Date” means each April 15 and October 15 of each
year, commencing October 15, 2009.

 

“Make-Whole Premium” means, with respect to each $1,000 in
principal amount of Notes, a payment in Cash, shares of Common Stock or a
combination of Cash and shares of Common Stock, equal to the present values of
the remaining scheduled payments of interest on the Notes to be redeemed from
the Redemption Date to October 15, 2013 (excluding interest accrued to
such Redemption Date), computed using a discount rate equal to 2.5%.

 

“Maturity
Date” means October 15, 2013.

 

“Notes”
has the meaning assigned to such term in the Recitals.

 

“Officer”
means the chairman of the Board of Directors, the president or chief executive
officer, any vice president, the chief financial officer, the treasurer or any
assistant treasurer, or the secretary or any assistant secretary, of the
Company.

 

“Officers’
Certificate” means a certificate signed in the name of the Company (a) by
the chairman of the Board of Directors, the president or chief executive
officer or a vice president and (b) by the chief financial officer, the
treasurer or any assistant treasurer or the secretary or any assistant
secretary.

 

“Opinion of
Counsel” means a written opinion signed by legal counsel, who may be
an employee of or counsel to the Company, satisfactory to the Trustee.

 

“Paying Agent”
refers to a Person engaged to perform the obligations of the Trustee in respect
of payments made or funds held hereunder in respect of the Notes.

 

4

 

“Person”
means an individual, a corporation, a partnership, a limited liability company,
an association, a trust or any other entity, including a government or
political subdivision or an agency or instrumentality thereof.

 

“principal”
of any Debt (including the Notes) means the principal amount of such Debt (or
if such Debt was issued with original issue discount, the face amount of such
Debt less the remaining unamortized portion of the original issue discount of
such Debt), together with, unless the context otherwise indicates, any premium
then payable on such Debt.

 

“Prospectus”
means the final prospectus dated April     , 2009
relating to the offering and sale of the Notes.

 

“Redemption
Date” means the date specified for redemption of the Notes in
accordance with the terms of the Notes and Article 11.

 

“Regular
Record Date” for the interest payable on any Interest Payment Date
means the April 1 or October 1 next preceding such Interest Payment
Date.

 

“Responsible
Officer” means, when used with respect to the Trustee, any officer
of the trustee within the Corporate Trust Office of the Trustee who has direct
responsibility for the administration of this indenture and shall also mean any
other officer of the Trustee to whom any corporate trust matter is referred
because of such person’s knowledge and familiarity with the particular subject
matter.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and
regulations of the Commission thereunder.

 

“Scheduled
Trading Day” means a day that is scheduled to be a Trading Day.

 

“Subsidiary”
means with respect to any Person, any corporation, association or other
business entity of which more than 50% of the outstanding Voting Securities is
owned, directly or indirectly, by, or, in the case of a partnership, the sole
general partner or the managing partner or the only general partners of which
are, such Person and one or more Subsidiaries of such Person (or a combination
thereof).

 

“Termination
of Trading” means the Company’s Common Stock, or other Capital Stock
into which the Notes are then convertible, is not listed for trading on a
United States national securities exchange or approved for quotation on a U.S.
system of automated dissemination of quotations of securities prices similar to
the Nasdaq National Market prior to its designation as a national securities
exchange.

 

“Trading Day”
means, with respect to Common Stock or any other security, a day during which (a) trading
in Common Stock or such other security generally occurs and (b) a Closing Price
for Common Stock or such other security (other than a Closing Price referred to
in the next to last sentence of such definition) is available for such day; provided that if Common Stock or such other security is not
admitted for trading or quotation on or by any exchange, bureau or other
organization, Trading Day will mean any Business Day.

 

5

 

“Trustee”
means the party named as such in the first paragraph of this Indenture or any
successor trustee under this Indenture pursuant to Article 7.

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended.

 

“Underwriters”
means Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co.
and Deutsche Bank Securities Inc.

 

“Underwriting
Agreement” means the Underwriting Agreement dated as of April     ,
2009 among the Company and the Underwriters relating to the purchase of the
Notes by the Underwriters.

 

“Voting
Securities” means, with respect to any Person, securities of any
class or kind ordinarily having the power to vote for the election of
directors, managers or other voting members of the governing body of such
Person.

 

Section 1.02.          Other Definitions.

 

	
  Term

  	
   

  	
  Defined in Section

  
	
  “act”

  	
   

  	
  13.02

  	
  (b)

  
	
  “Act”

  	
   

  	
  1.05

  	
   

  
	
  “Additional Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Bankruptcy Default”

  	
   

  	
  6.01

  	
  (h)

  
	
  “beneficial owner”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Company Order”

  	
   

  	
  2.02

  	
   

  
	
  “Conversion Agent”

  	
   

  	
  2.03

  	
   

  
	
  “Conversion Date”

  	
   

  	
  10.02

  	
  (a)

  
	
  “Conversion Rate”

  	
   

  	
  10.01

  	
   

  
	
  “Defaulted Interest”

  	
   

  	
  12.02

  	
   

  
	
  “Disposition Event”

  	
   

  	
  10.12

  	
   

  
	
  “Distributed Assets”

  	
   

  	
  10.08

  	
  (a)

  
	
  “Effective Date”

  	
   

  	
  10.13

  	
  (b)

  
	
  “Event of Default”

  	
   

  	
  6.01

  	
   

  
	
  “Expiration Date”

  	
   

  	
  10.10

  	
   

  
	
  “group”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Incremental Additional
  Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Incremental Extension
  Right”

  	
   

  	
  6.15

  	
   

  
	
  “Initial Additional
  Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Initial Extension
  Right”

  	
   

  	
  6.15

  	
   

  
	
  “Legal Holiday”

  	
   

  	
  13.07

  	
   

  

 

6

 

	
  Term

  	
   

  	
  Defined in Section

  
	
  “Make-Whole Change in
  Control”

  	
   

  	
  10.13

  	
  (a)

  
	
  “Make-Whole Shares”

  	
   

  	
  10.13

  	
  (a)

  
	
  “Paying Agent”

  	
   

  	
  2.03

  	
   

  
	
  “person”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Primary Registrar”

  	
   

  	
  2.03

  	
   

  
	
  “Purchased Shares”

  	
   

  	
  10.10

  	
   

  
	
  “Redemption Price”

  	
   

  	
  11.01

  	
  (b)

  
	
  “Reference Period”

  	
   

  	
  10.08

  	
  (a)

  
	
  “Reference Property”

  	
   

  	
  10.12

  	
   

  
	
  “Register”

  	
   

  	
  2.03

  	
   

  
	
  “Registrar”

  	
   

  	
  2.03

  	
   

  
	
  “Repurchase Date”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Repurchase Notice”

  	
   

  	
  3.01

  	
  (c)

  
	
  “Repurchase Price”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Rights”

  	
   

  	
  10.23

  	
   

  
	
  “Shareholders Rights
  Plan”

  	
   

  	
  10.23

  	
   

  
	
  “Special Record Date”

  	
   

  	
  12.02

  	
  (a)

  
	
  “Spin-Off”

  	
   

  	
  10.08

  	
  (b)

  
	
  “Stock Price”

  	
   

  	
  10.13

  	
  (b)

  
	
  “Trigger Event”

  	
   

  	
  10.11

  	
   

  

 

Section 1.03.          Incorporation by Reference
of Trust Indenture Act.  Whenever this Indenture refers to a
provision of the Trust Indenture Act, the provision is incorporated by
reference in and made a part of this Indenture. 
The following Trust Indenture Act terms used in this Indenture have the
following meanings:

 

“Commission”
means the Securities and Exchange Commission.

 

“indenture
securities” means the Notes.

 

“indenture
security holder” means a Noteholder.

 

“indenture to
be qualified” means this Indenture.

 

“indenture
trustee” or “institutional trustee”
means the Trustee.

 

“obligor”
on this Indenture securities means the Company.

 

All other Trust Indenture
Act terms used in this Indenture that are defined by the Trust Indenture Act,
defined by Trust Indenture Act reference to another statute or defined by
Securities Exchange Commission rule have the meanings assigned to them by
such definitions.

 

7

 

Section 1.04.          Rules of Construction. 
Unless the context otherwise requires or except as otherwise expressly
provided,

 

(a)   a term has the meaning assigned to it;

 

(b)   an accounting term not otherwise defined has
the meaning assigned to it in accordance with GAAP;

 

(c)   “herein,” “hereof” and other words of similar
import refer to this Indenture as a whole and not to any particular Section, Article or
other subdivision;

 

(d)   all references to Sections or Articles or
Exhibits refer to Sections or Articles or Exhibits of or to this Indenture
unless otherwise indicated;

 

(e)   references to agreements or instruments, or
to statutes or regulations, are to such agreements or instruments, or statutes
or regulations, as amended from time to time (or to successor statutes and
regulations);

 

(f)    in the event that a transaction meets the
criteria of more than one category of permitted transactions or listed
exceptions the Company may classify such transaction as it, in its sole
discretion, determines;

 

(g)   “or” is not exclusive;

 

(h)   “including” means including, without
limitation; and

 

(i)    words in the singular include the plural,
and words in the plural include the singular.

 

Section 1.05.          Acts of Holders. 
Any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be
embodied in and evidenced by one or more instruments (which may take the form
of an electronic writing or messaging or otherwise be in accordance with the
Applicable Procedures or customary procedures of the Trustee) of substantially
similar tenor signed by such Holders in person or by agent duly appointed in
writing (which may be in electronic form); and, except as herein otherwise
expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly
required, to the Company.  Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act”
of Holders signing such instrument or instruments.  Proof of execution of any such instrument or
of a writing appointing any such agent (either of which may be in electronic
form) shall be sufficient for any purpose of this Indenture and conclusive in
favor of the Trustee and the Company, if made in the manner provided in this
Section.

 

8

 

ARTICLE
2

 

THE
NOTES

 

Section 2.01.          Form, Dating and
Denominations; Legends.

 

(a)   The Notes and the Trustee’s certificate of
authentication will be substantially in the form attached as Exhibit A.  The terms and provisions contained in the
form of the Note annexed as Exhibit A constitute and are hereby expressly
made a part of this Indenture.  The Notes
may have notations, legends or endorsements required by law, rules of or
agreements with national securities exchanges to which the Company is subject,
or usage.  Each Note will be dated the
date of its authentication.  The Notes
will be issuable only in denominations of $1,000 in principal amount and any
integral multiple thereof.

 

(b)   Global Notes in General.  Each Global Note shall represent such of the
outstanding Notes as shall be specified therein and each shall provide that it
shall represent the aggregate amount of outstanding Notes from time to time
endorsed thereon and that the aggregate amount of outstanding Notes represented
thereby may from time to time be reduced or increased, as appropriate, to
reflect exchanges, purchases, conversions or issuances of such Notes.  Any adjustment of the aggregate principal
amount of a Global Note to reflect the amount of any increase or decrease in
the amount of outstanding Notes represented thereby shall be made by the
Trustee in accordance with instructions given by the Holder thereof as required
by Section 2.06 and shall be made on the records of the Trustee and the
Depositary.

 

Agent Members shall have
no rights under this Indenture with respect to any Global Note held on their
behalf by the Depositary or under the Global Note, and the Depositary
(including, for this purpose, its nominee) may be treated by the Company, the
Trustee and any agent of the Company or the Trustee as the absolute owner and
Holder of such Global Note for all purposes whatsoever.  Notwithstanding the foregoing, nothing herein
shall (i) prevent the Company, the Trustee or any agent of the Company or
the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or (ii) impair, as between the
Depositary and its Agent Members, the operation of customary practices
governing the exercise of the rights of a Holder of any Note.

 

(c)   Book-Entry Provisions.  The Company shall execute and the Trustee
shall, in accordance with this Section 2.01(c), authenticate and deliver
initially one or more Global Notes that (i) shall be registered in the
name of the Depositary, (ii) shall be delivered by the Trustee to the Depositary
or pursuant to the Depositary’s instructions and (iii) shall bear a legend
substantially to the effect set forth in Exhibit B.

 

9

 

Section 2.02.          Execution and
Authentication.  An Officer shall sign the Notes for the
Company by manual or facsimile signature. 
Typographic errors or defects in any such facsimile signature shall not
affect the validity or enforceability of any Note which has been authenticated
and delivered by the Trustee.

 

If an Officer whose
signature is on a Note no longer holds that office at the time the Trustee
authenticates the Note, the Note shall be valid nevertheless.

 

A Note shall not be valid
until an authorized signatory of the Trustee signs manually the certificate of
authentication on the Note.  The
signature shall be conclusive evidence that the Note has been authenticated
under this Indenture.

 

The Trustee shall
authenticate and make available for delivery Notes for original issue in the
aggregate principal amount of $200,000,000 (or up to $230,000,000 to the extent
the Underwriters exercise their over-allotment option under the Underwriting
Agreement in full) upon receipt of a written order or orders of the Company
signed by an Officer of the Company (a “Company Order”).  The Company Order shall specify the amount of
Notes to be authenticated, shall provide that all such Notes will be
represented by a Global Note and the date on which each original issue of Notes
is to be authenticated.  The initial
aggregate principal amount of Notes outstanding at any time may not exceed
$200,000,000 (or $230,000,000 to the extent the Underwriters exercise their
over-allotment option under the Underwriting Agreement in full) except as
provided in Section 2.07.

 

The Trustee shall act as
the initial authenticating agent. 
Thereafter, the Trustee may appoint an authenticating agent acceptable
to the Company to authenticate Notes.  An
authenticating agent may authenticate Notes whenever the Trustee may do
so.  Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent.  An authenticating agent shall have the same
rights as an Agent to deal with the Company or an Affiliate of the Company.

 

The Notes shall be
issuable only in registered form without coupons and only in denominations of
$1,000 principal amount and any integral multiple thereof.

 

Section 2.03.          Registrar, Paying Agent
and Conversion Agent.  The Company shall maintain one or more
offices or agencies where Notes may be presented for registration of transfer
or for exchange (each, a “Registrar”),
one or more offices or agencies where Notes may be presented for payment (each,
a “Paying Agent”), one or more offices or
agencies where Notes may be presented for conversion (each, a “Conversion Agent”) and one or more offices or agencies where
notices and demands to or upon the Company in respect of the Notes and this
Indenture may be served.  The Company
will at all times maintain a Paying Agent, Conversion Agent, Registrar and an
office or agency where notices and demands to or upon the Company in respect of
the Notes and this Indenture may be served in the United States.  One of the Registrars (the “Primary Registrar”) shall keep a register of the Notes and
of their transfer and exchange (the “Register”).

 

10

 

The Company shall enter
into an appropriate agency agreement with any Agent not a party to this
Indenture.  The agreement shall implement
the provisions of this Indenture that relate to such Agent.  The Company shall notify the Trustee of the
name and address of any Agent not a party to this Indenture.  If the Company fails to maintain a Registrar,
Paying Agent, Conversion Agent or agent for service of notices and demands in
any place required by this Indenture, or fails to give the foregoing notice,
the Trustee shall act as such.  The
Company or any Affiliate of the Company may act as Paying Agent (except for the
purposes of Article 8).

 

The Company hereby
initially designates the Trustee as Paying Agent, Registrar, and Conversion
Agent, and each of the Corporate Trust Office of the Trustee and the office or
agency of the Trustee in the United States (located at 625 Marquette Avenue
South, MAC N9311-110, Minneapolis, Minnesota 55479, Tel. (800) 344-5128,
Attention: Corporate Trust Services, one such office or agency of the Company
for each of the aforesaid purposes.

 

Section 2.04.          Paying Agent to Hold Money
in Trust.  Prior to 12:00 p.m., New York City time, on
each date on which the principal amount of or interest (including Additional
Interest), if any, on any Notes is due and payable, the Company shall deposit
with a Paying Agent a sum sufficient to pay such principal amount or interest
(including Additional Interest), if any, so becoming due.  A Paying Agent shall hold in trust for the
benefit of Noteholders or the Trustee all money held by the Paying Agent for
the payment of principal amount of or interest (including Additional Interest),
if any, on the Notes, and shall notify the Trustee of any default by the
Company (or any other obligor on the Notes) in making any such payment.  If the Company or an Affiliate of the Company
acts as Paying Agent, it shall, before 12:00 p.m., New York City time, on
each date on which a payment of the principal amount of or interest (including
any Additional Interest) on any Notes is due and payable, segregate the money
and hold it as a separate trust fund. 
The Company at any time may require a Paying Agent to pay all money held
by it to the Trustee, and the Trustee may at any time during the continuance of
any default, upon written request to a Paying Agent, require such Paying Agent
to pay forthwith to the Trustee all sums so held in trust by such Paying
Agent.  Upon doing so, the Paying Agent
(other than the Company) shall have no further liability for the money.

 

Section 2.05.          Noteholder Lists. 
The Trustee shall preserve in as current a form as is reasonably practicable
the most recent list available to it of the names and addresses of
Noteholders.  If the Trustee is not the
Primary Registrar, the Company shall furnish to the Trustee on or before 10
Business Days prior to the Interest Payment Date, and at such other times as
the Trustee may request in writing, a list in such form and as of such date as
the Trustee may reasonably require of the names and addresses of Noteholders.

 

Section 2.06.          Transfer and Exchange. 
Subject to compliance with any applicable additional requirements contained in Section 2.13,
when a Note is presented to a Registrar with a request to register a transfer
thereof or to exchange such Note for an equal principal amount of Notes of
other authorized denominations, 

 

11

 

the Registrar shall
register the transfer or make the exchange as requested if its requirements for
such transactions are met; provided that
every Note presented or surrendered for registration of transfer or exchange
shall be duly endorsed or accompanied by an assignment form in the form
included in Exhibit A, and in form satisfactory to the Registrar duly
executed by the Holder thereof or its attorney duly authorized in writing.  To permit registration of transfers and
exchanges, upon surrender of any Note for registration of transfer or exchange
at an office or agency maintained pursuant to Section 2.03, the Company
shall execute and the Trustee shall authenticate Notes of a like aggregate
principal amount at the Registrar’s request. 
Any exchange or transfer shall be without service charge, except that
the Company or the Registrar may require payment of a sum sufficient to cover
any tax, assessment or other governmental charge that may be imposed in
relation thereto; provided that this sentence shall
not apply to any exchange pursuant to Section 2.10, Section 3.04, Section 9.03(b) or
Section 11.06 not involving any transfer.

 

All Notes issued upon any
transfer or exchange of Notes shall be valid obligations of the Company,
evidencing the same debt and entitled to the same benefits under this
Indenture, as the Notes surrendered upon such transfer or exchange.

 

Any Registrar appointed
pursuant to Section 2.03 shall provide to the Trustee such information as
the Trustee may reasonably require in connection with the delivery by such
Registrar of Notes upon transfer or exchange of Notes.

 

The Trustee shall have no
obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law
with respect to any transfer of any interest in any Note (including any
transfers between or among Agent Members or other beneficial owners of
interests in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by,
and to do so if and when expressly required by the terms of, this Indenture,
and to examine the same to determine substantial compliance as to form with the
express requirements hereof.

 

Section 2.07.          Replacement Notes. 
If any mutilated Note is surrendered to the Company, a Registrar or the
Trustee, or the Company, a Registrar and the Trustee receive evidence to their
satisfaction of the destruction, loss or theft of any Note, and there is
delivered to the Company, the applicable Registrar and the Trustee such
security or indemnity as will be required by them to save each of them
harmless, then, in the absence of notice to the Company, such Registrar or the
Trustee that such Note has been acquired by a protected purchaser, the Company
shall execute, and upon its written request the Trustee shall authenticate and
deliver, in exchange for any such mutilated Note or in lieu of any such
destroyed, lost or stolen Note, a new Note of like tenor and principal amount,
bearing a number not contemporaneously outstanding.

 

In case any such
mutilated, destroyed, lost or stolen Note has become or is about to become due
and payable, or is about to be purchased by the Company pursuant to Article 3,
the Company in its discretion may, instead of issuing a new Note, pay or
purchase such Note, as the case may be.

 

12

 

Upon the issuance of any
new Notes under this Section 2.07, 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 reasonable expenses (including the
reasonable fees and expenses of the Trustee or the Registrar) in connection
therewith.

 

Every new Note issued
pursuant to this Section 2.07 in lieu of any mutilated, destroyed, lost or
stolen Note shall constitute an original additional contractual obligation of
the Company, whether or not the mutilated, destroyed, lost or stolen Note shall
be at any time enforceable by anyone, and shall be entitled to all benefits of
this Indenture equally and proportionately with any and all other Notes duly
issued hereunder.

 

The provisions of this Section 2.07
are (to the extent lawful) exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Notes.

 

Section 2.08.          Outstanding Notes. 
Notes outstanding at any time are all Notes authenticated by the Trustee,
except for those canceled by it, those converted pursuant to Article 10,
those delivered to it for cancellation or surrendered for transfer or exchange
and those described in this Section 2.08 as not outstanding.

 

If a Note is replaced
pursuant to Section 2.07, it ceases to be outstanding unless the Company
receives proof satisfactory to it that the replaced Note is held by a protected
purchaser.

 

If a Paying Agent holds
at 12:00 p.m., New York City time, on the Maturity Date Cash sufficient to
pay the principal amount of the Notes payable on that date, then on and after
the Maturity Date, such Notes shall cease to be outstanding and the principal
amount thereof shall cease to bear interest.

 

Subject to the
restrictions contained in Section 2.09, a Note does not cease to be
outstanding because the Company or an Affiliate of the Company holds the Note.

 

Section 2.09.          Treasury Notes. 
In determining whether the Holders of the required principal amount of Notes
have concurred in any notice, direction, waiver or consent, Notes owned by the
Company or any other obligor on the Notes or by any Affiliate of the Company or
of such other obligor shall be disregarded, except that, for purposes of
determining whether the Trustee shall be protected in relying on any such
notice, direction, waiver or consent, only Notes which a Responsible Officer of
the Trustee actually knows are so owned shall be so disregarded.  Notes so owned which have been pledged in
good faith shall not be disregarded if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to the
Notes and that the pledgee is not the Company or any other obligor on the Notes
or any Affiliate of the Company or of such other obligor.

 

13

 

Section 2.10.          Temporary Notes. 
Until definitive Notes are ready for delivery, the Company may prepare and
execute, and, upon receipt of a Company Order, the Trustee shall authenticate
and deliver, temporary Notes.  Temporary
Notes shall be substantially in the form of definitive Notes but may have
variations that the Company with the consent of the Trustee considers
appropriate for temporary Notes.  Without
unreasonable delay, the Company shall prepare and the Trustee shall
authenticate and deliver definitive Notes in exchange for temporary Notes.

 

Section 2.11.          Cancellation. 
The Company at any time may deliver Notes to the Trustee for cancellation.  The Registrar, the Paying Agent and the
Conversion Agent shall forward to the Trustee or its agent any Notes
surrendered to them for transfer, exchange, payment or conversion.  The Trustee and no one else shall cancel, in
accordance with its standard procedures, all Notes surrendered for transfer,
exchange, payment, conversion or cancellation and upon written request of the
Company shall deliver evidence of the canceled Notes to the Company.

 

Section 2.12.          CUSIP Numbers. 
The Company in issuing the Notes may use one or more “CUSIP” numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices
of purchase as a convenience to Holders; provided that
any such notice may state that no representation is made as to the correctness
of such numbers either as printed on the Notes or as contained in any notice of
a purchase and that reliance may be placed only on the other identification
numbers printed on the Notes, and any such purchase shall not be affected by
any defect in or omission of such numbers. 
The Company will promptly notify the Trustee of any change in the “CUSIP”
numbers.

 

Section 2.13.          Book-Entry Provisions for
Global Notes.  (a) Transfers of Global Notes shall be
limited to transfers in whole, but not in part, to the Depositary, its
successors or their respective nominees. 
In addition, Certificated Notes shall be transferred to all beneficial
owners, as identified by the Depositary, in exchange for their beneficial
interests in Global Notes only if (i) the Depositary notifies the Company
that the Depositary is unwilling or unable to continue as depositary for any
Global Note (or the Depositary ceases to be a “clearing agency” registered
under Section 17A of the Exchange Act) and a successor Depositary is not
appointed by the Company within 90 days of such notice or cessation or (ii) an
Event of Default has occurred and is continuing and the Registrar has received
a written request from the Depositary to issue Certificated Notes.

 

(b)   In connection with the transfer of a Global
Note in its entirety to beneficial owners pursuant to Section 2.13(a),
such Global Note shall be deemed to be surrendered to the Trustee for
cancellation, and the Company shall execute, and the Trustee shall upon written
instructions from the Company authenticate and deliver, to each beneficial
owner identified by the Depositary in exchange for its beneficial interest in
such Global Note, an equal aggregate principal amount of Certificated Notes of
authorized denominations.

 

14

 

(c)   The Holder of any Global Note may grant
proxies and otherwise authorize any Person to take any action that a Holder is
entitled to take under this Indenture or the Notes.

 

ARTICLE 3

 

REPURCHASES

 

Section 3.01.          Repurchase at the Option
of the Holders Upon Change in Control or Termination of Trading. 
(a) Upon the occurrence of a Change in Control or a Termination of
Trading, each Holder shall have the right, at such Holder’s option, subject to
the terms and conditions of Article 3 of this Indenture, to require the
Company to repurchase for Cash all or any portion of such Holder’s Notes in
integral multiples of $1,000 principal amount at a price (the “Repurchase Price”) equal to 100% of the principal amount of
the Notes to be repurchased, plus accrued and unpaid interest (including
Additional Interest), if any, to, but excluding, the Repurchase Date; provided that if the Repurchase Date is after a Regular
Record Date and on or prior to the Interest Payment Date to which it relates,
the interest accrued to the Interest Payment Date will be paid to Holders of
the Notes as of the preceding Regular Record Date, and the Repurchase Price
shall be equal to the principal amount of Notes subject to repurchase.  Upon a valid exercise of such an option, the
Company will be required to repurchase the Notes on a date selected by the
Company (the “Repurchase Date”), which shall be
no earlier than 20 days or later than 35 days after the date on which the
Company sends the notice contemplated by Section 3.01(b), subject to
satisfaction by or on behalf of the Holder of the requirements set forth in Section 3.01(c).

 

A “Change in Control” shall be deemed to have occurred at such
time as any of the following events shall occur:

 

(i)    any person or group, other than the Company,
its Subsidiaries or any employee benefit plan of the Company or its Subsidiaries,
files a Schedule 13D or Schedule TO (or any successor schedule, form
or report) pursuant to the Exchange Act disclosing that such person has become
the direct or indirect beneficial owner of shares with a majority of the total
voting power of all of the Company’s outstanding Voting Securities, unless such
beneficial ownership (a) arises solely as a result of a revocable proxy
delivered in response to a proxy or consent solicitation made pursuant to the
applicable rules and regulations under the Exchange Act, and (b) is
not also then reportable on Schedule 13D (or any successor schedule) under
the Exchange Act;

 

(ii)   the Company consolidates with or merges with
or into another person (other than a Subsidiary of the Company) and the
outstanding Voting Securities of the Company are reclassified into, converted
for or converted into the right to receive any other property or security, or
the Company sells, conveys, transfers or leases all or substantially all of its
properties and assets to any Person (other than a Subsidiary of the Company);
provided that none of these circumstances will be a Change in Control if
persons that beneficially own the Voting Securities of the Company immediately
prior to the transaction own, directly or indirectly, a majority of the Voting
Securities of

 

15

 

the surviving or
transferee person immediately after the transaction in substantially the same
proportion as their ownership of the Company’s Voting Securities immediately
prior to the transaction; or

 

(iii)  the holders of Common Stock approve any plan
or proposal for the liquidation or dissolution of the Company.

 

For purposes of
defining a Change in Control:

 

(A)          the term “person”
and the term “group” have the meanings given by Section 13(d) and
14(d) of the Exchange Act or any successor provisions;

 

(B)           the term “group”
includes any group acting for the purpose of acquiring, holding or disposing of
securities within the meaning of Rule 13d-5(b)(1) under the Exchange
Act or any successor provision; and

 

(C)           the term “beneficial
owner” is determined in accordance with Rules 13d-3 and 13d-5
under the Exchange Act or any successor provisions, except that a person will
be deemed to have beneficial ownership of all shares that person has the right
to acquire irrespective of whether that right is exercisable immediately or
only after the passage of time.

 

Notwithstanding the
foregoing, it will not constitute a Change in Control if at least 90% of the
consideration for Common Stock (excluding Cash payments for fractional shares
and Cash payments made in respect of dissenter’s appraisal rights) in the
transaction or transactions constituting the Change in Control consists of
common stock traded on a United States national securities exchange, or which
will be so traded when issued or exchanged in connection with the Change in
Control, and as a result of such transaction or transactions the Notes become
convertible solely into the consideration that holders of Common Stock receive
in such transaction, other than any Cash in lieu of fractional shares.

 

(b)   On or before the 15th day after the
occurrence of a Change in Control or Termination of Trading, the Company will
deliver a written notice of Change in Control or Termination of Trading by first-class
mail to the Trustee and to each Holder at their addresses shown in the register
of the Registrar (and to beneficial owners as required by applicable law).  The notice shall include a form of Repurchase
Notice to be completed by the Noteholder and shall state:

 

(i)            the events causing a Change in
Control or Termination of Trading, as applicable;

 

(ii)           the date of such Change in Control or
Termination of Trading, as applicable;

 

(iii)          the last date on which the repurchase
right may be exercised;

 

(iv)          the Repurchase Price;

 

16

 

(v)           the Repurchase Date;

 

(vi)          the name and address of the Paying
Agent and the Conversion Agent;

 

(vii)         the then current Applicable Conversion
Rate and any adjustments thereto;

 

(viii)        that Notes with respect to which a
Repurchase Notice is given by the Holder may be converted pursuant to Article 10
hereof only if the Repurchase Notice has been withdrawn in accordance with the
terms of this Indenture; and

 

(ix)           the procedures a Holder must follow
to exercise rights under this Section 3.01.

 

(c)   A Holder may exercise its rights specified in
Section 3.01 by delivery of a written notice (a “Repurchase
Notice”) to the Paying Agent at any time prior to the Close of
Business on the Business Day immediately preceding the Repurchase Date.  The Repurchase Notice shall state:

 

(i)            if Certificated Notes have been
issued, the certificate number of the Notes (or if the Holder’s Notes are
Global Notes, such Holder’s notice must comply with the Applicable Procedures);

 

(ii)           the portion of the principal amount
of Notes to be repurchased, which portion must be $1,000 or an integral
multiple of $1,000; and

 

(iii)          that such Notes shall be repurchased
by the Company pursuant to the terms and conditions specified in this Article 3.

 

The delivery of such Note
to the Paying Agent prior to, on or after the Repurchase Date (together with
all necessary endorsements and compliance by the Holder with the Applicable
Procedures) at the offices of the Paying Agent shall be a condition to the
receipt by the Holder of the Repurchase Price therefor; provided,
however, that such Repurchase Price
shall be so paid pursuant to this Section 3.01 only if the Note so
delivered to the Paying Agent shall conform in all respects to the description
thereof set forth in the related Repurchase Notice.

 

The Company shall
repurchase from the Holder thereof, pursuant to this Section 3.01, a
portion of a Note if the principal amount of such portion is $1,000 or an
integral multiple of $1,000.  Provisions
of this Indenture that apply to the repurchase of all of a Note also apply to
the repurchase of such portion of such Note.

 

Any repurchase by the
Company contemplated pursuant to the provisions of this Section 3.01 shall
be consummated by the delivery of the consideration to be received by the
Holder (together with accrued and unpaid interest (including any Additional
Interest) to but not including the Repurchase Date) on or prior to the later of
the Repurchase Date and the time of delivery of the Note to the Paying Agent in
accordance with this Section 3.01.

 

17

 

Notwithstanding anything
herein to the contrary, any Holder delivering to the Paying Agent the
Repurchase Notice contemplated by this Section 3.01(c) shall have the
right to withdraw such Repurchase Notice at any time prior to the Close of
Business on the Business Day immediately preceding the Repurchase Date by
delivery of a written notice of withdrawal to the Paying Agent in accordance
with Section 3.02(b).

 

The Paying Agent shall
promptly notify the Company of the receipt by it of any Repurchase Notice or
written withdrawal thereof.

 

No Notes may be
repurchased by the Company at the option of Holders upon a Change in Control or
a Termination of Trading if the principal amount of the Notes has been
accelerated (other than as a result of a default in the payment of the
Repurchase Price with respect to the Notes), and such acceleration has not been
rescinded, on or prior to the date on which such repurchase is to be
consummated.  The Paying Agent will
promptly return to the respective Holders thereof any Notes (x) with
respect to which a Repurchase Notice has been withdrawn in compliance with this
Indenture, or (y) held by it during the continuance of acceleration
described in the immediately preceding sentence in which case, upon such
return, the Repurchase Notice with respect thereto shall be deemed to have been
withdrawn.

 

Section 3.02.          Effect of Repurchase
Notice.  (a) Upon receipt by the Paying Agent of the
Repurchase Notice specified in Section 3.01(c), the Holder of the Note in
respect of which such Repurchase Notice was given shall (unless such Repurchase
Notice is withdrawn as specified in this Section 3.02) thereafter be
entitled to receive solely the Repurchase Price and any accrued and unpaid
interest (including any Additional Interest) to but not including the
Repurchase Date, with respect to such Note. 
Such Repurchase Price shall be paid to such Holder, subject to receipt of
funds by the Paying Agent, on or prior to the later of (x) the Repurchase
Date, with respect to such Note (provided the conditions in Section 3.01(c) have
been satisfied) and (y) the time of delivery of such Note to the Paying
Agent by the Holder thereof in the manner required by Section 3.01(c).  Notes in respect of which a Repurchase Notice
has been given by the Holder thereof may not be converted pursuant to Article 10
hereof on or after the date of the delivery of such Repurchase Notice unless
such Repurchase Notice has first been validly withdrawn as specified in this Section 3.02.

 

(b)   A Repurchase Notice may be withdrawn by means
of a written notice of withdrawal delivered to the office of the Paying Agent
at any time prior to the Close of Business on the Business Day immediately
preceding the Repurchase Date.  Such
notice of withdrawal shall state:

 

(i)            the principal amount being
withdrawn;

 

(ii)           if Certificated Notes are to be
withdrawn, the certificate numbers of the Notes being withdrawn (or, if Global
Notes or a portion thereof are to be withdrawn, such Holder’s notice must
comply with the Applicable Procedures);

 

18

 

(iii)          the principal amount, if any, of the
Notes that remain subject to a Repurchase Notice.

 

Section 3.03.          Deposit of Repurchase
Price.  Prior to 12:00 p.m. (New York City time) on or
prior to the Repurchase Date, the Company shall deposit with the Trustee or
with the Paying Agent (or, if the Company or a Subsidiary of the Company or an
Affiliate of either of them is acting as the Paying Agent, shall segregate and
hold in trust as provided in Section 2.04) an amount of money (in
immediately available funds if deposited on such Trading Day) sufficient to pay
the aggregate Repurchase Price of all the Notes or portions thereof which are
to be repurchased as of the Repurchase Date.

 

If the Paying Agent holds
money sufficient to pay the Repurchase Price with respect to the Notes to be
repurchased on the Repurchase Date in accordance with the terms of this
Indenture, then, immediately on and after the Repurchase Date, interest
(including any Additional Interest) on such Notes shall cease to accrue,
whether or not the Notes are delivered to the Paying Agent, and all other
rights of the Holders of such Notes shall terminate, other than the right to
receive the Repurchase Price upon delivery of such Notes.

 

Section 3.04.          Notes Repurchased in Part. 
Any Note which is to be repurchased only in part shall be surrendered at the
office of the Paying Agent (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to
the Company and the Trustee duly executed by, the Holder thereof or such Holder’s
attorney duly authorized in writing) and the Company shall execute and the
Trustee shall authenticate and deliver to the Holder of such Note, without
service charge, a new Note or Note, of any authorized denomination as requested
by such Holder in aggregate principal amount equal to, and in exchange for, the
portion of the principal amount of the Note so surrendered that is not
repurchased.

 

Section 3.05.          Covenant to Comply with
Securities Laws upon Repurchase of Notes.  In connection with
any repurchase upon the occurrence of a Change in Control, to the extent
required by applicable law, the Company shall:

 

(a)   comply with the provisions of Rule 13e-4,
Rule 14e-1 and any other tender offer rules under the Exchange Act
that may then be applicable; and

 

(b)   otherwise comply with all federal and state
securities laws as necessary to effect a repurchase of Notes by the Company at
the option of Holder.

 

19

 

ARTICLE 4

 

COVENANTS

 

Section 4.01.          Payment of Notes. 
(a) The Company agrees to pay the principal of and interest (including any
Additional Interest) on the Notes on the dates and in the manner provided in
the Notes and this Indenture.  Not later
than 12:00 p.m. New York City time, on the due date of any principal of or
interest (including any Additional Interest) on any Notes, or any Repurchase
Date or Redemption Date, as the case may be, the Company will deposit with the
Trustee (or Paying Agent) money in immediately available funds sufficient to
pay the amounts then due; provided that
if the Company or any Affiliate of the Company is acting as Paying Agent, it
will, on or before each due date, segregate and hold in a separate trust fund
for the benefit of the Holders a sum of money sufficient to pay such amounts
until paid to such Holders or otherwise disposed of as provided in this
Indenture.  In each case the Company will
promptly notify the Trustee of its compliance with this paragraph.

 

(b)   An installment of principal or interest
(including any Additional Interest) will be considered paid on the date due if
the Trustee (or Paying Agent, other than the Company or any Affiliate of the
Company) holds on that date money designated for and sufficient to pay the
installment.  If the Company or any
Affiliate of the Company acts as Paying Agent, an installment of principal or
interest (including any Additional Interest) will be considered paid on the due
date only if paid to the Holders.

 

(c)   The Company agrees to pay interest on overdue
principal, and, to the extent lawful, overdue installments of interest at the
rate per annum specified in the Notes.

 

(d)   Payments in respect of the Notes represented
by the Global Notes are to be made by wire transfer of same-day funds to the
Depositary for the purpose of permitting such party to credit the payments
received by it in respect of such Global Note to the accounts of the beneficial
owners thereof.  With respect to
Certificated Notes, the Company will make all payments in same-day funds by
transfer to an account maintained by the payee located inside the United States,
if the Trustee shall have received proper wire transfer instructions from such
payee not later than the related Regular Record Date or, if no such
instructions have been received by check drawn on a bank in the United States
mailed to the payee at its address set forth on the Registrar’s books.

 

Section 4.02.          Maintenance of Office or
Agency.  The Company will maintain in the United States, an
office or agency where Notes may be surrendered for registration of transfer or
exchange or for presentation for payment and where notices and demands to or
upon the Company in respect of the Notes and this Indenture may be served.  The Company hereby initially designates the
Corporate Trust Office of the Trustee as such office of the Company.  The Company will give prompt written notice
to the Trustee of the location, and any change in the location, of such office
or agency.  If at any time the Company
fails to maintain any such required office or agency or fails to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served to the Trustee.

 

20

 

The Company may also from
time to time designate one or more other offices or agencies where the Notes
may be surrendered or presented for any of such purposes and may from time to
time rescind such designations.  The
Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or
agency.

 

Section 4.03.          Existence. 
The Company will do or cause to be done all things necessary to preserve and
keep in full force and effect its existence and the existence, rights and
franchises of the Company; provided that
the Company is not required to preserve any such right or franchise if the
preservation thereof is no longer desirable in the conduct of the business of
the Company; provided  further
that this Section does not prohibit any transaction otherwise permitted by
Section 5.01.

 

Section 4.04.          Reports. 
The Company shall deliver to the Trustee, within 15 days after the Company is
required to file the same with the Commission, copies of the Company’s annual
reports and of the information, documents and other reports (or copies of such
portions of any of the foregoing as the Commission may by rules and
regulations prescribe) that the Company is required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Exchange Act;
provided that any such information, documents or reports filed with the
Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval
(or EDGAR) system shall be deemed to be filed with the Trustee.

 

Delivery of such reports,
information and documents to the Trustee is for informational purposes only and
the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder
(as to which the Trustee is entitled to rely exclusively on Officers’
Certificates).

 

Section 4.05.          Reports to Trustee. 
The Company will deliver to the Trustee:

 

(a)           within 120 days after the end of each
fiscal year a certificate from the principal executive, financial or accounting
officer of the Company stating that the officer has conducted or supervised a
review of the activities of the Company and its performance under this
Indenture and that, based upon such review, no Default exists hereunder or, if
there has been a Default, specifying the Default and its nature and status.

 

(b)                   promptly and in any event
within 30 days after the Company becomes aware or should reasonably become
aware of the occurrence of a Default, an Officers’ Certificate setting forth
the details of the Default, and the action which the Company proposes to take
with respect thereto.

 

21

 

Section 4.06.          Stay, Extension and Usury
Laws.  The Company covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay,
extension or usury law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of this Indenture, and the
Company (in each case, to the extent that it may lawfully do so) hereby
covenants that it will not, by resort to any such law to the extent it would
hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such
law had been enacted.

 

ARTICLE 5

 

CONSOLIDATION, MERGER,
SALE OR LEASE OF ASSETS

 

Section 5.01.          Consolidation, Merger,
Sale or Lease of Assets by the Company.  (a) The Company
may consolidate with or merge into any Person or convey, transfer or lease its
properties and assets substantially as an entirety to another Person
(other than a Subsidiary of the Company) only if:

 

(i)            the resulting, surviving or
transferee Person (if other than the Company) is a corporation organized and
existing under the laws of the United States of America, any State thereof or
the District of Columbia;

 

(ii)           such corporation (if other than the
Company) assumes all of the obligations of the Company under the Notes and this
Indenture;

 

(iii)          immediately after giving effect to the
transaction, no Event of Default and no Default has occurred and is continuing;
and

 

(iv)          the Company delivers to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, conveyance, transfer or lease and the supplemental
indenture (if any) comply with this Indenture.

 

(b)   Upon the consummation of any transaction
effected in accordance with these provisions, if the Company is not the
resulting, surviving or transferee Person, the resulting, surviving or
transferee Person shall succeed to, and be substituted for, and may exercise
every right and power of, the Company under this Indenture and the Notes with
the same effect as if such successor Person had been named as the Company in
this Indenture.  Upon such substitution,
except in the case of a lease, unless the successor is one or more of the
Company’s Subsidiaries, the Company will be released from its obligations under
the Notes and this Indenture.

 

22

 

ARTICLE 6

DEFAULT AND REMEDIES

 

Section 6.01.          Events of Default.  An “Event of Default”
occurs with respect to the Notes if:

 

(a)   the Company defaults in payment of the principal or
any Repurchase Price or Redemption Price with respect to any Note, when such
becomes due and payable;

 

(b)   the Company defaults in payment of any interest
(including any Additional Interest) due on any Note when the same becomes due
and payable, and such default continues for a period of 30 days;

 

(c)   the Company fails to issue any notice of a Termination
of Trading, a Change in Control as required under Section 3.01(b) of
this Indenture or a Make-Whole Change in Control that does not constitute a
Change in Control as required under Section 10.13(a) of this
Indenture, and such default continues for a period of three Business Days;

 

(d)   the Company fails to comply with its obligation to
convert the Notes into Common Stock upon exercise of a Holder’s right to
convert its Notes pursuant to Article 10;

 

(e)   the Company fails to comply with any of its other
covenants or agreements in the Notes or this Indenture and fails to cure (or
obtain a waiver of) such default, within 60 days after the Company receives a
notice of such default by the Trustee or by Holders of not less than 25% in aggregate
principal amount of the Notes then outstanding;

 

(f)    (1) the Company fails to make any payment at
maturity (after giving effect to any applicable grace period) of any Debt of
the Company in a principal amount in excess of $100,000,000 and continuance of
such failure, or (2) the acceleration of Debt of the Company in an amount
in excess of $100,000,000 because of a default with respect to such Debt
without such Debt having been discharged or such acceleration having been
cured, waived, rescinded or annulled within a period of 30 days after written
notice to the Company by the Trustee or to the Company and the Trustee by the
Holders of not less than 25% in aggregate principal amount of the Notes then
outstanding; provided that if any such failure
or acceleration referred to in (1) or (2) above shall cease or be
cured, waived, rescinded or annulled, then the resulting Event of Default shall
be deemed not to have occurred;

 

(g)   the Company, pursuant to or under or within the
meaning of any Bankruptcy Law, (i) commences a voluntary case or
proceeding; (ii) consents to the entry of an order for relief against it
in an involuntary case or proceeding or the commencement of any case against
it; (iii) consents to the appointment of any receiver, trustee, assignee,
liquidator, custodian or similar official of it or for any substantial part of
its property; (iv) makes a general assignment for the benefit of its
creditors; (v) files a petition in bankruptcy or answer or consent seeking
reorganization or relief; or (vi) consents to the filing of such petition
or the appointment of or taking possession by any receiver, trustee, assignee,
liquidator, custodian or similar official; or

 

23

 

(h)   a court of competent jurisdiction enters an order or
decree under any Bankruptcy Law that (i) is for relief against the Company
in an involuntary case or proceeding, or adjudicates the Company insolvent or
bankrupt; (ii) appoints any receiver, trustee, assignee, liquidator, custodian
or similar official of the Company or for any substantial part of its property;
or (iii) orders the winding up or liquidation of the Company, and the
order or decree remains unstayed and in effect for 30 days (an event of default
specified in clause (g) or (h) a “Bankruptcy
Default”).

 

Section 6.02.          Acceleration.  If an Event of Default, other than a
Bankruptcy Default and subject to Section 6.15 of this Indenture, occurs
and is continuing under this Indenture, the Trustee or the Holders of at least
25% in aggregate of the outstanding principal amount of the Notes, by written
notice to the Company (and to the Trustee if the notice is given by the
Holders), may, and the Trustee at the request of such Holders may, declare the
principal of and accrued and unpaid interest (including any Additional
Interest) on the Notes to be immediately due and payable.  Upon a declaration of acceleration, such
principal and interest (including any Additional Interest) will become immediately
due and payable.  If a Bankruptcy Default
occurs, the principal of and accrued interest (including any Additional
Interest) on the Notes then outstanding will become immediately due and payable
automatically without any declaration or other act on the part of the Trustee
or any Holder.

 

Section 6.03.          Other Remedies.  If an Event of Default occurs and is
continuing, the Trustee may pursue, in its own name or as trustee of an express
trust, any available remedy by proceeding at law or in equity to collect the
payment of principal of and interest (including any Additional Interest) on the
Notes or to enforce the performance of any provision of the Notes or this
Indenture.  The Trustee may maintain a
proceeding even if it does not possess any of the Notes or does not produce any
of them in the proceeding.

 

Section 6.04.          Waiver of Past Defaults.  Except as otherwise provided in Section 6.07
and Section 9.02(b), Holders of a majority in principal amount of the
outstanding Notes by written notice to the Company and to the Trustee may waive
any existing or future Default or Event of Default and its consequences and
rescind and annul a declaration of acceleration with respect to such Default or
Event of Default and its consequences (other than an uncured default (a) in
the payment of the principal amount with respect to any Note, accrued and
unpaid interest (including any Additional Interest) with respect to any Note or
the Repurchase Price or Redemption Price with respect to any Note, (b) in
the delivery of the Common Stock due upon conversion or the redemption of the
Notes or (c) in respect of any provision that under this Indenture cannot
be modified or amended without the consent of the Holder of each outstanding
Note affected) if:

 

24

 

(i)            all existing Events of Default, other than the
nonpayment of the principal of and interest (including any Additional Interest)
on the Notes that have become due solely by the declaration of acceleration,
have been cured or waived, and

 

(ii)           the rescission would not conflict with any judgment or
decree of a court of competent jurisdiction.

 

Upon
such waiver, the Default will cease to exist, and any Event of Default arising
therefrom will be deemed to have been cured, but no such waiver will extend to
any subsequent or other Default or impair any right consequent thereon.

 

Section 6.05.          Control by Majority.  The Holders of a majority in aggregate
principal amount of the outstanding Notes may 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.  However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture, that may involve the
Trustee in personal liability, or that the Trustee determines in good faith may
be unduly prejudicial to the rights of Holders of Notes not joining in the
giving of such direction, and may take any other action it deems proper that is
not inconsistent with any such direction received from Holders of Notes.

 

Section 6.06.          Limitation on Suits.  A Holder may not institute any proceeding,
judicial or otherwise, with respect to this Indenture or the Notes, or for the
appointment of a receiver or trustee, or for any other remedy under this
Indenture or the Notes, unless:

 

(i)            the Holder has previously given to the Trustee written
notice of a continuing Event of Default;

 

(ii)           Holders of at least 25% in aggregate principal amount
of outstanding Notes have made written request to the Trustee to institute
proceedings in respect of the Event of Default in its own name as Trustee under
this Indenture;

 

(iii)          Holders have offered to the Trustee indemnity
satisfactory to the Trustee against any costs, liabilities or expenses to be
incurred in compliance with such request;

 

(iv)          the Trustee for 60 days after its receipt of such
notice, request and offer of indemnity has failed to institute any such
proceeding; and

 

(v)           during such 60-day period, the Holders of a majority
in aggregate principal amount of the outstanding Notes have not given the
Trustee a direction that is inconsistent with such written request.

 

25

 

Section 6.07.          Rights of Holders to Receive Payment.  Notwithstanding anything to the
contrary, the right of a Holder of a Note to receive (w) payment of
principal of or interest (including any Additional Interest) on its Note on the
Maturity Date or the relevant Interest Payment Date, as the case may be, (x) payment
of the Repurchase Price on the Repurchase Date, (y) payment of the
Redemption Price on the Redemption Date and (z) delivery of Common Stock
upon conversion of such Note on the date specified in Section 10.02(b), or
to bring suit for the enforcement of any such payment or delivery, as the case
may be, on or after such respective dates, may not be impaired or affected
without the consent of that Holder.

 

Section 6.08.          Collection Suit by Trustee.  If an Event of Default in payment
of principal or interest (including any Additional Interest) specified in
clause (a) or (b) of Section 6.01 occurs and is continuing,
the Trustee may recover judgment in its own name and as trustee of an express
trust for the whole amount of principal and accrued interest (including any
Additional Interest) remaining unpaid, together with interest on overdue
principal and, to the extent lawful, overdue installments of interest, in each
case at the rate specified in the Notes, and such further amount as is
sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel and any other amounts due the Trustee hereunder.

 

Section 6.09.          Trustee May File Proofs of Claim.  The Trustee may file proofs of
claim and other papers or documents as may be necessary or advisable in order
to have the claims of the Trustee (including any claim for the compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel,
and any other amounts due the Trustee hereunder) and the Holders allowed in any
judicial proceedings relating to the Company or its creditors or property, and
is entitled and empowered to collect, receive and distribute any money,
securities or other property payable or deliverable upon conversion or exchange
of the Notes or upon any such claims. 
Any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Holder to make such payments to the Trustee and, if the Trustee consents
to the making of such payments directly to the Holders, to pay to the Trustee
any amount due to it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agent and counsel, and any other amounts due
the Trustee hereunder.  Nothing in this
Indenture will be deemed to empower the Trustee to authorize or consent to, or
accept or adopt on behalf of any Holder, any plan of reorganization,
arrangement, adjustment or composition affecting the Notes or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of
any Holder in any such proceeding.

 

Section 6.10.          Priorities.  If the Trustee collects any money or property
pursuant to this Article, it shall pay out the money or property in the
following order:

 

First:
to the Trustee for all amounts due under Section 7.07 hereof;

 

26

 

Second:
to Holders for amounts then due and unpaid for principal of and interest
(including any Additional Interest) on the Notes, ratably, without preference
or priority of any kind, according to the amounts due and payable on the Notes
for principal and interest (including any Additional Interest);

 

Third:
to Holders for other amounts then due and unpaid in respect of the Notes,
ratably, without preference or priority of any kind, according to the amounts
due and payable in respect of the Notes; and

 

Fourth:
to the Company or as a court of competent jurisdiction may direct.

 

The
Trustee, upon written notice to the Company, may fix a record date and payment
date for any payment to Holders pursuant to this Section.  At least 15 days before such record date, the
Trustee shall send to each Noteholder and the Company a notice that states the
record date, the payment date and the amount to be paid.

 

Section 6.11.          Restoration of Rights and Remedies.  If the Trustee or any Holder has
instituted a proceeding to enforce any right or remedy under this Indenture and
the proceeding has been discontinued or abandoned for any reason, or has been
determined adversely to the Trustee or to the Holder, then, subject to any
determination in the proceeding, the Company, the Trustee and the Holders will
be restored severally and respectively to their former positions hereunder and
thereafter all rights and remedies of the Company, the Trustee and the Holders
will continue as though no such proceeding had been instituted.

 

Section 6.12.          Undertaking for Costs.  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, a court may require any party
litigant in such suit (other than the Trustee) to file an undertaking to pay
the costs of the suit, and the court may assess reasonable costs, including
reasonable attorneys fees, against any party litigant (other than the Trustee)
in the suit having due regard to the merits and good faith of the claims or
defenses made by the party litigant. 
This Section does not apply to a suit by a Holder to enforce
payment of (a) principal of or interest (including any Additional
Interest) on any Note on the respective due dates, (b) the Change of
Control Purchase Price on the Change of Control Repurchase Date, (c) the
Redemption Price on the Redemption Date, (d) the Common Stock due upon
conversion of a Note or (e) a suit by Holders of more than 10% in
principal amount of the outstanding Notes.

 

Section 6.13.          Rights and Remedies Cumulative.  No right or remedy conferred or
reserved to the Trustee or to the Holders under this Indenture is intended to
be exclusive of any other right or remedy, and all such rights and remedies
are, to the extent permitted by law, cumulative and in addition to every other
right and remedy hereunder or now or hereafter existing at law or in equity or
otherwise.  The assertion or exercise of
any right or remedy hereunder, or otherwise, will not prevent the concurrent
assertion or exercise of any other right or remedy.

 

27

 

Section 6.14.          Delay or Omission Not Waiver.  No delay or omission of the
Trustee or of any Holder to exercise any right or remedy accruing upon any
Event of Default will impair any such right or remedy or constitute a waiver of
any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article or
by law to the Trustee or to the Holders may be exercised from time to time, and
as often as may be deemed expedient, by the Trustee or by the Holders, as the
case may be.

 

Section 6.15.          Failure to File.  Notwithstanding anything in
this Article 6, the Company may, at its option, elect that the sole remedy
for an Event of Default relating to its failure to comply with its obligations
described under Section 4.04 or its failure to comply with the requirements
of Section 314(a)(1) of the Trust Indenture Act will for the first 90
days after the occurrence of such an Event of Default (which will be the 60th
day after written notice is provided to the Company in accordance with Section 6.01(e)),
consist exclusively of the right to receive additional interest on the Notes in
an amount equal to 0.25% of the principal amount of the Notes (the “Initial Additional Interest”) (such election, the “Initial Extension Right”). If the Company exercises the
Initial Extension Right, the Initial Additional Interest will be payable to all
Noteholders of record on the Record Date specified by the Company in its notice
that it is electing to use the Initial Extension Right (which will fall between
the date of that notice and the date of the related Event of Default). On the
91st day after such Event of Default (if such violation is not cured or waived
prior to such 91st day), the Notes will be subject to acceleration as provided
in Section 6.02; provided, however, that the Company may, at its option, elect that the
sole remedy of Noteholders will for the succeeding 90 days consist exclusively
of the right to receive an additional payment of additional interest on the
Notes in an amount equal to 0.25% of the principal amount of the Notes (the “Incremental Additional Interest” and each
of the Incremental Additional Interest and the Initial Additional Interest, the
“Additional Interest” ) (such
election, the “Incremental Extension Right”).  On the 181st day after such Event of Default
(if the Event of Default relating to the reporting obligations is not cured or
waived prior to such 181st day), the Notes shall be subject to acceleration as
provided in Section 6.02.  In the
event the Company does not elect to pay the Initial Additional Interest or the
Incremental Additional Interest upon any such Event of Default in accordance
with this paragraph, the Notes will be subject to acceleration as provided in Section 6.02.
This Section 6.15 shall not affect the rights of Holders of Notes if any
other Event of Default occurs under the Indenture.

 

In order to exercise the Initial Extension Right and
elect to pay the Initial Additional Interest as the sole remedy during the
first 90 days after the occurrence of any Event of Default relating to the
failure to comply with the reporting obligations in accordance with the
preceding paragraph, the Company must (i) notify all holders of Notes and
the Trustee and Paying Agent of such election in writing prior to the Close of
Business on the date on which such Event of Default occurs and (ii) pay
such Initial Additional Interest on or before the Close of Business on the date
on which such Event

 

28

 

of Default occurs. In order to exercise the
Incremental Extension Right (following the exercise of the Initial Extension
Right) and to pay the Incremental Additional Interest as the sole remedy
starting the 91st day after the occurrence of any Event of Default relating to
the failure to comply with the reporting obligations in accordance with the
preceding paragraph, the Company must (i) notify all holders of Notes and
the Trustee and Paying Agent in writing of such election prior to the Close of
Business on the 89th day after the occurrence of an Event of Default for which
the Company has elected to exercise its Incremental Extension Right and (ii) pay
such Incremental Additional Interest on the Record Date specified in the notice
that the Company is electing to use the Incremental Extension Right (which
record date will fall between the date of that notice and such 91st day). If
the Company fails to timely give either such notice or pay any Additional
Interest after giving the applicable notice, the Notes will be immediately
subject to acceleration as provided in Section 6.02.

 

ARTICLE 7

THE TRUSTEE

 

Section 7.01.          General.  (a) The duties and responsibilities of
the Trustee are as provided by the Trust Indenture Act and as set forth
herein.  Whether or not expressly so
provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee is subject to
this Article.

 

(b)   Except during the continuance of an Event of Default,
the Trustee need perform only those duties that are specifically set forth in this
Indenture and no others, and no implied covenants or obligations will be read
into this Indenture against the Trustee. 
In case an Event of Default has occurred and is continuing, the Trustee
shall exercise those rights and powers vested in it by this Indenture, and use
the same degree of care and skill in their exercise, as a prudent man would
exercise or use under the circumstances in the conduct of his own affairs.

 

(c)   No provision of this Indenture shall be construed to
relieve the Trustee from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct.

 

Section 7.02.          Certain Rights of Trustee.  Subject to Trust Indenture Act
Sections 315(a) through (d):

 

(a)   In the absence of bad faith on its part, the Trustee
may rely, and will be protected in acting or refraining from acting, upon any
resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document believed by it to be genuine and to
have been signed or presented by the proper Person.  The Trustee need not investigate any fact or
matter stated in the document, but, in the case of any document which is
specifically required to be furnished to the Trustee pursuant to any provision
hereof, the Trustee shall examine the document to determine whether it conforms
to the form requirements of this Indenture (but need not confirm or investigate
the accuracy of mathematical calculations or other facts stated therein).  The Trustee, in its discretion, may make
further inquiry or investigation into such facts or matters as it sees fit.

 

29

 

(b)   Before the Trustee acts or refrains from acting, it
may require an Officers’ Certificate and/or an Opinion of Counsel conforming to
Section 13.06 and the Trustee will not be liable for any action it takes
or omits to take in good faith in reliance on the certificate or opinion.

 

(c)   The Trustee may act through its attorneys and agents
and will not be responsible for the misconduct or negligence of any agent
appointed with due care.

 

(d)   The Trustee will be under no obligation to exercise
any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders, unless such Holders have offered to the
Trustee reasonable security or indemnity against the costs, expenses and
liabilities that might be incurred by it in compliance with such request or
direction.

 

(e)   The Trustee will not be liable for any action it takes
or omits to take in good faith that it believes to be authorized or within its
rights or powers or for any action it takes or omits to take in accordance with
the direction of the Holders in accordance with Section 6.05 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.

 

(f)    The Trustee may consult with counsel, and the written
advice of such counsel or any Opinion of Counsel will be full and complete
authorization and protection in respect of any action taken, suffered or
omitted by it hereunder in good faith and in reliance thereon.

 

(g)   No provision of this Indenture will require the
Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of its duties hereunder, or in the exercise of its
rights or powers, unless it receives indemnity satisfactory to it against any
loss, liability or expense.

 

(h)   Except with respect to Section 4.01, the Trustee
shall have no duty to inquire as to performance of the Company with respect to
the covenants contained in Article 4. 
In addition, the Trustee shall not be deemed to have knowledge of a
Default or an Event of Default except (i) a Default or Event of Default
occurring pursuant to Section 6.01(a) and 6.01(b), or (ii) any
Default or Event of Default of which the Trustee shall have received written
notification from the Company or the Holders of at least 25% in aggregate
principal amount of Notes or obtained actual knowledge.

 

(i)    The rights, privileges, protections, immunities and
benefits given to the Trustee including without limitation, its rights to be
indemnified are extended to and shall be enforced by the Trustee in its
capacities hereunder and each agent, custodian and other person employed to act
hereunder.

 

(j)    The permissive rights of the Trustee to take certain
actions under this Indenture shall not be construed as a duty unless so specified
herein.

 

30

 

Section 7.03.          Individual
Rights of Trustee.  The Trustee, in its individual or any
other capacity, may become the owner or pledgee of Notes and may otherwise deal
with the Company or its Affiliates with the same rights it would have if it
were not the Trustee.  Any Agent may do
the same with like rights.  However, the
Trustee is subject to Trust Indenture Act Sections 310(b) and 311.

 

Section 7.04.          Trustee’s
Disclaimer.  The Trustee (a) makes no representation
as to the validity or adequacy of this Indenture or the Notes, (b) is not
accountable for the Company’s use or application of the proceeds from the Notes
and (c) is not responsible for any statement in the Notes other than its
certificate of authentication.

 

Section 7.05.          Notice of
Default.  If any Default or Event of Default occurs and is
continuing and is known to the Trustee, the Trustee will send notice of the
Default or Event of Default to each Holder within 90 days after it occurs,
unless the Default or Event of Default has been cured; provided
that, except in the case of a default (w) in the payment of the principal
of or interest (including any Additional Interest) on any Note (x) in the
payment of the Repurchase Price on the Repurchase Date, (y) in the payment
of the Redemption Price on the Redemption Date or (z) in the delivery of
Common Stock upon conversion of such Note on the date specified in Section 10.02(b),
the Trustee may withhold the notice if and so long as a Responsible Officer or
a committee of Responsible Officers of the Trustee in good faith determines
that withholding the notice is in the interest of the Holders.  Notice to Holders under this Section will
be given in the manner and to the extent provided in Trust Indenture Act Section 313(c).

 

Section 7.06.          Reports by
Trustee to Holders.  Within 60 days after each June 1,
beginning with June 1, 2009, the Trustee will mail to each Holder, as
provided in Trust Indenture Act Section 313(c), a brief report dated as of
such June 1, if required by Trust Indenture Act Section 313(a), and file
such reports with each stock exchange upon which its Notes are listed and with
the Commission as required by Trust Indenture Act Section 313(d).

 

Section 7.07.          Compensation
and Indemnity.  (a) The Company will pay the Trustee
compensation as agreed upon in writing for its services.  The compensation of the Trustee is not
limited by any law on compensation of a Trustee of an express trust.  The Company will reimburse the Trustee upon
request for all out-of-pocket expenses, disbursements and advances incurred or
made by the Trustee, including the compensation and expenses of the Trustee’s
agents and counsel.

 

31

 

(b)  The
Company will indemnify the Trustee for, and hold it harmless against, any loss
or liability or expense incurred by it without negligence or bad faith on its
part arising out of or in connection with the acceptance or administration of
this Indenture and its duties under this Indenture and the Notes, including the
costs and expenses of defending itself against any claim or liability and of
complying with any process served upon it or any of its officers in connection
with the exercise or performance of any of its powers or duties under this
Indenture and the Notes.

 

(c)  To secure
the Company’s payment obligations in this Section, the Trustee will have a lien
prior to the Notes on all money or property held or collected by the Trustee,
in its capacity as Trustee, except money or property held in trust to pay
principal of, and interest (including any Additional Interest) on particular
Notes.

 

Section 7.08.          Replacement of Trustee.  (a) (i) The
Trustee may resign at any time by written notice to the Company.

 

(ii)          The Holders of a
majority in principal amount of the outstanding Notes may remove the Trustee by
written notice to the Trustee.

 

(iii)         If the Trustee is no
longer eligible under Section 7.10 or in the circumstances described in
Trust Indenture Act Section 310(b), any Holder that satisfies the
requirements of Trust Indenture Act Section 310(b) may petition any
court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee.

 

(iv)         The Company may remove
the Trustee if (A) the Trustee is no longer eligible under Section 7.10;
(B) the Trustee is adjudged a bankrupt or an insolvent; (C) a
receiver or other public officer takes charge of the Trustee or its property;
or (D) the Trustee becomes incapable of acting.

 

A resignation or removal
of the Trustee and appointment of a successor Trustee will become effective
only upon the successor Trustee’s acceptance of appointment as provided in this
Section.

 

(b)  If the
Trustee has been removed by the Holders, Holders of a majority in principal
amount of the Notes may appoint a successor Trustee with the consent of the
Company.  Otherwise, if the Trustee
resigns or is removed, or if a vacancy exists in the office of Trustee for any
reason, the Company will promptly appoint a successor Trustee.  If the successor Trustee does not deliver its
written acceptance within 30 days after the retiring Trustee resigns or is
removed, the retiring Trustee, the Company or the Holders of a majority in
principal amount of the outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

 

(c)  Upon
delivery by the successor Trustee of a written acceptance of its appointment to
the retiring Trustee and to the Company, (i) the retiring Trustee will
transfer all property held by it as Trustee to the successor Trustee, subject
to the lien provided for in Section 7.07(c), (ii) the resignation or
removal of the retiring Trustee will become effective, and (iii) the
successor Trustee will have all the rights, powers and duties of the Trustee
under this Indenture.  Upon request of
any successor Trustee, the Company will execute any and all reasonable
instruments for fully and vesting in and confirming to the successor Trustee
all such rights, powers and trusts.  The
Company will give notice of any resignation and any removal of the Trustee and
each appointment of a successor Trustee to all Holders, and include in the
notice the name of the successor Trustee and the address of its Corporate Trust
Office.

 

32

 

(d)  Notwithstanding
replacement of the Trustee pursuant to this Section, the Company’s obligations
under Section 7.07 will continue for the benefit of the retiring Trustee.

 

(e)  The
Trustee agrees to give the notices provided for in, and otherwise comply with,
Trust Indenture Act Section 310(b).

 

Section 7.09.          Successor
Trustee by Merger.  If the Trustee consolidates with,
merges or converts into, or transfers all or substantially all of its corporate
trust business to, another corporation or national banking association, the
resulting, surviving or transferee corporation or national banking association
without any further act will be the successor Trustee with the same effect as
if the successor Trustee had been named as the Trustee in this Indenture.

 

Section 7.10.          Eligibility.  This
Indenture must always have a Trustee that satisfies the requirements of Trust
Indenture Act Section 310(a) and has a combined capital and surplus
of at least $25,000,000 as set forth in its most recent published annual report
of condition.

 

Section 7.11.          Money Held
in Trust.  The Trustee will not be liable for interest on
any money received by it except as it may agree in writing with the
Company.  Money held in trust by the
Trustee need not be segregated from other funds except to the extent required
by law and except for money held in trust under Article 8.

 

ARTICLE
8

 

DISCHARGE

 

Section 8.01.          Satisfaction
and Discharge of this Indenture.  (a) This Indenture
shall cease to be of further effect if either: (i) all outstanding Notes
(other than Notes replaced pursuant to Section 2.07) have been delivered
to the Trustee for cancellation, (ii) all outstanding Notes have become
due and payable on the Maturity Date or on any Repurchase Date in connection
with any repurchase upon the occurrence of a Change in Control or on any
Redemption Date in connection with any redemption of all outstanding Notes or (iii) all
outstanding Notes have been delivered for conversion pursuant to Article 10,
and the Company irrevocably deposits or delivers, as the case may be, prior to
the applicable date on which such payment is due and payable, or such
conversion is to be settled, with the Trustee, the Paying Agent (if the Paying
Agent is not the Company or any of its Affiliates) or the Conversion Agent,
Cash in

 

33

 

respect of such payment
or Common Stock in respect of any such conversion on the Maturity Date, the
Repurchase Date, the Redemption Date or the date such conversion is to be
settled, as the case may be; provided that,
in all cases, the Company shall pay to the Trustee all other sums payable
hereunder by the Company.

 

(b)  The
Company may exercise its satisfaction and discharge option with respect to the
Notes only if:

 

(i)           no Default or Event of
Default with respect to the Notes shall exist on the date of such deposit;

 

(ii)          such deposit or
delivery, as the case may be, shall not result in a breach or violation of, or
constitute a Default or Event of Default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is
bound; and

 

(iii)         the Company has delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel (which may
rely upon such Officers’ Certificate as to the absence of Defaults and Events
of Default and as to any factual matters), each stating that all conditions
precedent provided for herein relating to the satisfaction and discharge of
this Indenture have been complied with.

 

Notwithstanding the
satisfaction and discharge of this Indenture, the obligations of the Company to
the Trustee under Section 7.07 shall survive and, if money shall have been
deposited with or Common Stock shall have been delivered to the Trustee
pursuant to clause (a) of this Section, the provisions of Section 2.03,
Section 2.04, Section 2.05, Section 2.06, Section 2.07, Section 2.12,
Section 3.01, Article 5, Article 10 and this Article 8,
shall survive and the Company shall be required to make all payments and
deliveries required by such Sections or Articles, as the case may be,
irrespective of any prior satisfaction and discharge until the Notes have been
paid in full.

 

Section 8.02.          Application
of Trust Money.  Subject to the provisions of Section 8.03,
the Trustee or a Paying Agent shall hold in trust, for the benefit of the
Holders, all money, Common Stock or other consideration paid or delivered to
it, as the case may be, pursuant to Section 8.01 and shall apply such
money, Common Stock or other consideration in accordance with this Indenture
and the Notes to the payment of the principal amount of (including the relevant
Repurchase Price or Redemption Price) and interest (including any Additional
Interest) on the Notes or delivery of the Common Stock issuable upon conversion
of the Notes.

 

Section 8.03.          Repayment to
Company.  The Trustee and each Paying Agent shall promptly
pay or deliver, as the case may be, to the Company upon request any excess
money, Common Stock or other consideration (x) paid or delivered to them
pursuant to Section 8.01 and (y) held by them at any time.

 

34

 

Subject to applicable
abandoned property law, the Trustee and each Paying Agent shall also pay or
deliver, as the case may be, to the Company upon request any money, Common
Stock or other consideration held by them for the payment of the principal
amount of (including the relevant Repurchase Price or Redemption Price) and
interest on, or the amount due in connection with any conversion of, the Notes
that remains unclaimed for two years after a right to such money, Common Stock
or other consideration has matured (which maturity shall occur, for the
avoidance of doubt, on the Maturity Date, the Repurchase Date, the Redemption
Date or the date specified in Section 10.02(b), as the case may be); provided that the Trustee or such Paying Agent, before being
required to make any such payment or delivery, may at the expense of the
Company cause to be mailed to each Holder entitled to such money, Common Stock
or other consideration or publish in a newspaper of general circulation in the
City of New York notice that such money, Common Stock or other consideration
remains unclaimed and that after a date specified therein, which shall be at
least 30 days from the date of such mailing or publication, any unclaimed
balance or portion of such money, Common Stock or other consideration then
remaining will be repaid or re-delivered to the Company.  After payment or delivery, as the case may
be, to the Company, Holders entitled to such money, Common Stock or other
consideration must look to the Company for payment or delivery as general
creditors unless an applicable abandoned property law designates another
Person.

 

Section 8.04.          Reinstatement.  If
the Trustee or any Paying Agent is unable to apply any money, Common Stock or
other consideration in accordance with Section 8.02 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,
then the Company’s obligations under this Indenture and the Notes shall be
revived and reinstated as though no payment or delivery, as the case may be,
had occurred pursuant to Section 8.01 until such time as the Trustee or
such Paying Agent is permitted to apply all such money in accordance with Section 8.02;
provided that if the Company has made
any payment of the principal amount of (including the relevant Repurchase Price
or Redemption Price) or interest (including any Additional Interest) on, or the
amount due in connection with any conversion of, the Notes because of the
reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of such Notes to receive any such payment or delivery from the
money, Common Stock or other consideration held by the Trustee or such Paying
Agent.

 

ARTICLE
9

 

AMENDMENTS,
SUPPLEMENTS AND WAIVERS

 

Section 9.01.          Amendments
Without Consent of Holders.  The Company and the Trustee
may amend or supplement this Indenture or the Notes without notice to or the
consent of any Noteholder:

 

35

 

(a)  to cure
any ambiguity, omission, defect or inconsistency in this Indenture or the Notes
or to conform this Indenture or the Notes to the section entitled “Description
of Notes” contained in the Prospectus;

 

(b)  to
evidence a successor to the Company and the assumption by that successor of the
obligations of the Company under this Indenture in accordance with Article 5
or Section 10.12 of this Indenture;

 

(c)  to secure
the obligations of the Company in respect of the Notes and this Indenture;

 

(d)  to add to
the covenants of the Company for the benefit of the Holders of the Notes or to
surrender any right or power conferred upon the Company;

 

(e)  to make
any change to comply with the Trust Indenture Act, or any amendment thereto;
and

 

(f)  to make
any change that does not adversely affect the rights of any Holder of the
Notes.

 

Section 9.02.          Amendments
With Consent of Holders.  (a) Except as otherwise
provided in Section 6.07 or paragraph (b), the Company and the
Trustee may amend this Indenture and the Notes with the written consent of the
Holders of at least a majority in principal amount of the outstanding Notes,
and the Holders of a majority in principal amount of the outstanding Notes by
written notice to the Trustee may, on behalf of the Holders of such Notes waive
any existing or past default under this Indenture and its consequences, except
an uncured default (i) in the payment of the principal amount, or accrued
and unpaid interest (including any Additional Interest), with respect to any
Note, (ii) the Repurchase Price with respect to any Note (iii) the
Redemption Price with respect to any Note, (iv) in the delivery of the
Common Stock due upon conversion of the Notes or (v) in respect of any
provision that under this Indenture cannot be modified or amended without the
consent of the Holder of each outstanding Note affected.

 

(b)  Notwithstanding
the provisions of paragraph (a), without the consent of each Holder
affected, an amendment or waiver may not:

 

(i)           reduce the principal
amount of, or interest payment on any Note, or reduce the Repurchase Price or
Redemption Price on any Note;

 

(ii)          make any Note payable in
any currency or securities other than that stated in the Note;

 

(iii)         change the Maturity Date
of any Note;

 

(iv)         change the ranking of the
Notes;

 

36

 

(v)          make any change that
adversely affects the right of a Holder to convert any Note;

 

(vi)         make any change that
adversely affects the right of a Holder to require the Company to repurchase a
Note upon the occurrence of a Change in Control;

 

(vii)        impair the right to
convert or receive payment with respect to the Notes or the right to institute
suit for the enforcement of any payment with respect to, or conversion of, the
Notes; or

 

(viii)       change the provisions in
this Indenture that relate to modifying or amending the provisions of this
Indenture.

 

(c)  It is not
necessary for Noteholders to approve the particular form of any proposed
amendment, supplement or waiver, but is sufficient if their consent approves
the substance thereof.

 

(d)  An
amendment, supplement or waiver delivered under this Section will become
effective on receipt by the Trustee of written consents from the Holders of the
requisite percentage in principal amount of the outstanding Notes.  After an amendment, supplement or waiver
under this Section becomes effective, the Company will send to the Holders
affected thereby a notice briefly describing the amendment, supplement or waiver.  The Company will send supplemental indentures
to Holders upon request.  Any failure of
the Company to send such notice, or any defect therein, will not, however, in
any way impair or affect the validity of any such supplemental indenture or
waiver.

 

Section 9.03.          Effect of
Consent.  (a)  After an amendment, supplement or
waiver becomes effective, it will bind every Holder unless it is of the type
requiring the consent of each Holder affected. 
If the amendment, supplement or waiver is of the type requiring the
consent of each Holder affected, the amendment, supplement or waiver shall bind
each Holder that has consented to it and every subsequent Holder of a Note that
evidences the same debt as the Note of the consenting Holder.

 

(b)  If an
amendment, supplement or waiver changes the terms of a Note, the Trustee may
require the Holder to deliver it to the Trustee so that the Trustee may place
an appropriate notation of the changed terms on the Note and return it to the
Holder, or exchange it for a new Note that reflects the changed terms.  The Trustee may also place an appropriate
notation on any Note thereafter authenticated. 
However, the effectiveness of the amendment, supplement or waiver is not
affected by any failure to annotate or exchange Notes in this fashion.

 

Section 9.04.          Trustee’s
Rights and Obligations.  The Trustee is entitled to
receive, and will be fully protected in relying upon, an Officers’ Certificate
and/or an Opinion of Counsel stating that the execution of any amendment,
supplement or waiver authorized pursuant to this Article is authorized or
permitted by this Indenture.  If the
Trustee has received such an Officers’ Certificate and/or Opinion of Counsel,
it shall sign the

 

37

 

amendment, supplement or
waiver so long as the same does not adversely affect the rights of the
Trustee.  The Trustee may, but is not
obligated to, execute any amendment, supplement or waiver that affects the
Trustee’s own rights, duties or immunities under this Indenture.

 

Section 9.05.          Conformity
With Trust Indenture Act.  Every supplemental indenture
executed pursuant to this Article shall conform to the requirements of the
Trust Indenture Act.

 

Section 9.06.          Payments for
Consents.  The Company shall not, and shall not permit or
suffer any of its Subsidiaries or Affiliates to, directly or indirectly, pay or
cause to be paid any consideration, whether by way of interest, fee or
otherwise, to any Holder for or as an inducement to any consent, waiver or
amendment of any of the terms or provisions of this Indenture or the Notes
unless such consideration is offered to be paid or agreed to be paid to all
Holders of the Notes that consent, waive or agree to amend such term or
provision within the time period set forth in the solicitation documents
relating to the consent, waiver or amendment.

 

ARTICLE
10

 

CONVERSION

 

Section 10.01.        Conversion
Privilege.  Subject to and upon compliance with the
provisions of this Article 10, a Noteholder shall have the right, at such
Noteholder’s option, to convert all or any portion (if the portion to be
converted is $1,000 principal amount or an integral multiple thereof) of such
Noteholder’s Notes at any time prior to the Close of Business on the Business
Day immediately preceding the Maturity Date at a conversion rate (the “Conversion Rate”) of
                
shares of Common Stock per $1,000 principal amount of Notes, subject to
adjustment as set forth in this Article 10.

 

Section 10.02.        Conversion
Procedures; Conversion Settlement.  (a) To convert a
Note that is represented by a Certificated Note, a Noteholder must (1) complete
and manually sign a Conversion Notice, a form of which is on the back of the
Note, and deliver such Conversion Notice to the Conversion Agent, (2) surrender
the Note to the Conversion Agent, (3) if required, furnish appropriate
endorsement and transfer documents, (4) if required, pay all transfer or
similar taxes and (5) if required, pay Cash equal to amount of interest
due on the next Interest Payment Date for such Note.  If a Noteholder holds a beneficial interest
in a Global Note, to convert such beneficial interest, such Noteholder must
comply with the requirements (4) and (5) as set forth in the
immediately preceding sentence and comply with the Applicable Procedures of the
Depositary for converting a beneficial interest in a Global Note.  The first date on which all of the
requirements set forth in the first sentence of this Section 10.02(a) (in
the case of a Certificated Note) or the second sentence of this Section 10.02(a) (in
the case of a Global Note or a

 

38

 

beneficial interest
therein) have been satisfied is referred to in this Indenture as the “Conversion Date.”  The
Conversion Agent shall, within one (1) Business Day of any Conversion
Date, provide notice to the Company, as set forth in Section 13.03, of the
occurrence of such Conversion Date.

 

(b)  Delivery
of shares of Common Stock upon conversion of Notes shall occur as soon as
practicable after the Conversion Date, but in any event within five Business
Days of the relevant Conversion Date.

 

(c)  A Holder
receiving Common Stock upon conversion shall not be entitled to any rights as a
holder of Common Stock, including, among other things, the right to vote and
receive dividends and notices of stockholder meetings, until the Close of
Business on the Conversion Date.

 

(d)  No payment
or adjustment will be made for dividends on, or other distributions with
respect to, any Common Stock except as provided in this Article 10.  Upon conversion of a Note, a Noteholder will
not receive, except as described below, any Cash payment representing accrued
interest (including any Additional Interest). 
Instead, accrued interest (including any Additional Interest) will be
deemed paid by the shares of Common Stock received by the Noteholder upon
conversion.  Delivery to the Noteholder
of such shares of Common Stock shall thus be deemed to satisfy (1) the
Company’s obligation to pay the principal amount of a Note, and (2) the
Company’s obligation to pay any accrued and unpaid interest (including any
Additional Interest) on the Note.  As a
result, upon conversion of a Note, accrued and unpaid interest (including any
Additional Interest) on such Note is deemed paid in full rather than cancelled,
extinguished or forfeited.

 

(e)  Notwithstanding
Section 10.02(d), if Notes are converted after a Record Date but prior to
the next succeeding Interest Payment Date, Holders of such Notes at the Close
of Business on such Record Date will receive the interest payable on such Notes
on the corresponding Interest Payment Date notwithstanding the conversion.  Such Notes, upon surrender for conversion,
must be accompanied by Cash equal to the amount of interest payable on such
Interest Payment Date on the Notes so converted; provided
that no such payment need be made (1) if the Company has specified a
Redemption Date that is after a Record Date but on or prior to the next
succeeding Interest Payment Date, (2) if the Company has specified a Repurchase
Date that is after a Record Date but on or prior to the next succeeding
Interest Payment Date, (3) with respect to any Notes converted after the
Record Date immediately preceding the Maturity Date or (4) to the extent
of any Defaulted Interest that exists at the time of conversion with respect to
such Note.

 

(f)  If a
Noteholder converts more than one Note at the same time, the number of shares
of Common Stock and the amount of Cash delivered in lieu of fractional shares,
if any, due upon conversion shall be determined based on the total principal
amount of the Notes converted.

 

(g)  Upon
surrender of a Note that is converted in part, the Company shall execute, and
the Trustee shall authenticate and deliver to the Holder, a new Note in an
authorized denomination equal in principal amount to the unconverted portion of
the Note surrendered.

 

39

 

Section 10.03.        Fractional Shares.  The
Company will not issue a fractional share of Common Stock upon conversion of a
Note.  Instead, the Company shall pay
Cash in lieu of fractional shares based on the Closing Price of Common Stock on
the Trading Day prior to the applicable Conversion Date.

 

Section 10.04.        Taxes on Conversion.  If
a Holder converts a Note, the Company shall pay any documentary, stamp or
similar issue or transfer tax due on the issue of any shares of Common Stock
upon the conversion.  However, the Holder
shall pay any such tax which is due because the Holder requests the shares to
be issued in a name other than the Holder’s name.  The Conversion Agent may refuse to deliver
the certificates representing Common Stock being issued in a name other than
the Holder’s name until the Conversion Agent receives a sum sufficient to pay
any tax which will be due because Common Stock is to be delivered in a name
other than the Holder’s name.

 

Section 10.05.        Company to Provide Common
Stock.  The Company shall, from time to time as may be
necessary, reserve out of its authorized but unissued shares of Common Stock a
sufficient number of shares of Common Stock to permit the delivery in respect
of all outstanding Notes of the number of shares of Common Stock due upon
conversion.

 

All shares of Common
Stock delivered upon conversion of the Notes shall be newly issued shares or
treasury shares, shall be duly and validly issued and fully paid and
nonassessable and shall be free from preemptive rights and free of any lien or
adverse claim.

 

The Company will comply
with all federal and state securities laws regulating the offer and delivery of
shares of Common Stock upon conversion of Notes, if any, and shall list or
cause to have quoted such shares of Common Stock on each national securities
exchange or in the over-the-counter market or such other market on which Common
Stock is then listed or quoted.

 

In addition, if any
shares of Common Stock that would be issuable upon conversion of Notes
hereunder require registration with or approval of any governmental authority
before such shares of Common Stock may be issued upon such conversion, the
Company will cause such shares of Common Stock to be duly registered or
approved, as the case may be.

 

Section 10.06.        Adjustment for Change in
Capital Stock.  (a) If the Company shall, at any time
and from time to time while any of the Notes are outstanding, issue dividends
or make distributions on Common Stock payable in shares of Common Stock, then
the Conversion Rate shall be increased so that the same shall equal the rate
determined by multiplying the Conversion Rate in effect at the opening of
business on the Ex-Date for such dividend or distribution by a fraction:

 

40

 

(i)    the numerator of which shall be the sum of
the number of shares of Common Stock outstanding at the Close of Business on
the Business Day immediately preceding the Ex-Date for such dividend or
distribution, plus the total number of shares
of Common Stock constituting such dividend or distribution; and

 

(ii)   the denominator of which shall be the number
of shares of Common Stock outstanding at the Close of Business on the Business
Day immediately preceding such Ex-Date.

 

If any dividend or
distribution of the type described in this Section 10.06 is declared but
not so paid or made, the Conversion Rate shall again be adjusted to the
Conversion Rate which would then be in effect if such dividend or distribution
had not been declared.  In no event shall
the Conversion Rate be decreased pursuant to this Section 10.06.

 

(b)   If the Company shall, at any time or from
time to time while any of the Notes are outstanding, subdivide or reclassify
outstanding shares of Common Stock into a greater number of shares of Common Stock,
then the Conversion Rate in effect at the opening of business on the day upon
which such subdivision or reclassification becomes effective shall be
proportionately increased, and conversely, if the Company shall, at any time or
from time to time while any of the Notes are outstanding, combine or reclassify
outstanding shares of Common Stock into a smaller number of shares of Common
Stock, then the Conversion Rate in effect at the opening of business on the day
upon which such combination or reclassification becomes effective shall be
proportionately decreased.  In each such
case, the Conversion Rate shall be adjusted by multiplying such Conversion Rate
by a fraction, the numerator of which shall be the number of shares of Common
Stock outstanding immediately after giving effect to such subdivision,
combination or reclassification and the denominator of which shall be the
number of shares of Common Stock outstanding immediately prior to such
subdivision, combination or reclassification. 
Such increase or reduction (solely in the case of any combination or
reclassification of outstanding shares of Common Stock into a smaller number of
shares of Common Stock), as the case may be, shall become effective immediately
after the opening of business on the day upon which such subdivision,
combination or reclassification becomes effective.

 

Section 10.07.        Adjustment for Rights,
Options or Warrants Issue.  If the Company shall, at any
time or from time to time while the Notes are outstanding, distribute to all
holders of Common Stock rights, options or warrants to purchase shares of
Common Stock for a period expiring within 60 days after the record date for
such distribution at less than the average of the Closing Prices of Common
Stock for the five consecutive Trading Days immediately preceding the first
public announcement of such distribution, then the Conversion Rate shall be
increased so that the same shall equal the rate determined by multiplying the
Conversion Rate in effect at the opening of business on the Ex-Date for such
distribution by a fraction:

 

(x)            the numerator of which shall be the
number of shares of Common Stock outstanding at the Close of Business on the
Business Day immediately preceding the Ex-Date for such distribution, plus the total number of additional shares of Common Stock
so offered for purchase; and

 

41

 

(y)           the denominator of which shall be the
number of shares of Common Stock outstanding on the Close of Business on the
Business Day immediately preceding the Ex-Date for such distribution, plus the number of shares of Common Stock that the aggregate
offering price of the total number of shares of Common Stock so offered would
purchase at the Current Market Price of Common Stock on the first public
announcement date for such distribution (determined by multiplying such total
number of shares of Common Stock so offered by the exercise price of such
rights, options or warrants and dividing the product so obtained by such
Current Market Price).

 

Such adjustment shall
become effective immediately after the opening of business on the Ex-Date for
such distribution.

 

To the extent that shares
of Common Stock are not delivered pursuant to such rights or upon the
expiration or termination of such rights, options or warrants, the Conversion
Rate shall be readjusted to the Conversion Rate that would then be in effect
had the adjustments made upon the issuance of such rights, options or warrants
been made on the basis of the delivery of only the number of shares of Common
Stock actually delivered.  In the event
that such rights, options or warrants are not so distributed, the Conversion
Rate shall again be adjusted to be the Conversion Rate which would then be in
effect if the Ex-Date for such distribution had not occurred.  In determining whether any rights, options or
warrants entitle the holders to purchase shares of Common Stock at less than
the average of the Closing Prices for the five consecutive Trading Days immediately
preceding the first public announcement of the relevant distribution, and in
determining the aggregate offering price of such shares of Common Stock, there
shall be taken into account any consideration received for such rights, options
or warrants and the value of such consideration if other than Cash, to be
determined in good faith by the Board of Directors.  In no event shall the Conversion Rate be
decreased pursuant to this Section 10.07.

 

Section 10.08.        Adjustment for Other
Distributions.

 

(a)           If the Company shall, at any time or
from time to time while the Notes are outstanding, distribute to all holders of
Common Stock any of its Capital Stock, assets (including shares of any
Subsidiary of the Company or business unit of the Company), or debt securities
or rights to purchase securities of the Company (excluding (x) any
dividends or distributions described in Section 10.06(a), (y) any
rights, options or warrants described in Section 10.07 and (z) any
dividends or other distributions described in Section 10.09 (such Capital
Stock, assets, debt securities or rights to purchase securities of the Company
hereinafter in this Section 10.08 called the “Distributed
Assets”)), then the Conversion Rate shall be increased so that the
same shall equal the rate determined by multiplying the Conversion Rate in
effect at the opening of business on the Ex-Date for such distribution by a
fraction:

 

42

 

(i)    the numerator of which will be the Current
Market Price of Common Stock, and

 

(ii)   the denominator of which will be the Current
Market Price of Common Stock on the Business Day immediately preceding the
Ex-Date for such distribution, minus the fair
market value, as determined by the Board of Directors, of the portion of
Distributed Assets so distributed applicable to one share of Common Stock;

 

Such increase shall
become effective immediately after the opening of business on the Ex-Date for
such distribution; provided that
if “the fair market value, as determined by the Board of Directors, of the
portion of Distributed Assets so distributed applicable to one share of Common
Stock” as set forth above is equal to or greater than “the Current Market Price
of Common Stock on the Business Day immediately preceding the Ex-Date for such
distribution” as set forth above, in lieu of the foregoing adjustment, adequate
provision shall be made so that each Noteholder shall receive on the date on
which the Distributed Assets are distributed to holders of Common Stock, for
each $1,000 principal amount of Notes, the amount of Distributed Assets such
Noteholder would have received had such Noteholder owned a number of shares of
Common Stock equal to the Conversion Rate on the record date for such
distribution.  In the event that such distribution
is not so made, the Conversion Rate shall again be adjusted to be the
Conversion Rate which would then be in effect if such distribution had not been
declared.  In no event shall the
Conversion Rate be decreased pursuant to this Section 10.08(a).

 

If the Board of Directors
determines the fair market value of any distribution for purposes of this Section 10.08(a) by
reference to the actual or when issued trading market for any Distributed
Assets comprising all or part of such distribution, it must in doing so
consider the prices in such market over the same period (the “Reference Period”) used in computing the Current Market
Price for purposes of clause (i) above, unless the Board of Directors
determines in good faith that determining the fair market value during the
Reference Period would not be in the best interest of the Holders.

 

(b)   Notwithstanding anything to the contrary in
this Section 10.08, if the Company distributes Capital Stock of, or
similar equity interests in, a Subsidiary of the Company or other business unit
of the Company (a “Spin-Off”),
then the Conversion Rate shall be increased so that the same shall equal the
rate determined by multiplying the Conversion Rate in effect at the opening of
business on the 15th Trading Day immediately following the Ex-Date
for such Spin-Off by a fraction:

 

(x)            the numerator of which will be the
sum of (A) the average of the Closing Prices of the Capital Stock or
similar equity interest distributed to holders of Common Stock applicable to
one share of Common Stock over the ten consecutive Trading Day period
immediately following, and including, the fifth Trading Day after the Ex-Date
for the Spin-Off and (B) the average of the Closing Prices of Common Stock
over the ten consecutive Trading Day period immediately following, and
including, the fifth Trading Day after the Ex-Date for the Spin-Off; and

 

43

 

(y)           the denominator of which is the
average of the Closing Prices of Common Stock over the ten consecutive Trading
Day period immediately following, and including, the fifth Trading Day after
the Ex-Date for the Spin-Off.

 

In no event shall the
Conversion Rate be decreased pursuant to this Section 10.08(b).

 

Section 10.09.        Adjustment for Cash
Dividends.  If the Company shall, at any time or from time
to time while any of the Notes are outstanding, distribute dividends or make
other distributions paid entirely in Cash to all or substantially all holders
of Common Stock (other than (x) distributions described in Section 10.10
below or (y) any dividend or distribution in connection with the Company’s
liquidation, dissolution or winding up), then the Conversion Rate shall be
increased so that the same shall equal the rate determined by multiplying the
Conversion Rate in effect at the opening of business on the Ex-Date for such
dividend or distribution by a fraction:

 

(x)           the numerator of which will be the
Current Market Price of Common Stock; and

 

(y)           the denominator of which will be the
Current Market Price per share of Common Stock on the Business Day immediately
preceding the Ex-Date for such dividend or distribution, minus
the amount per share of such dividend or distribution.

 

Such adjustment shall
become effective immediately after the opening of business on the Ex-Date for
such distribution or dividend; provided that
if “the amount per share of such dividend or distribution” as set forth above
is equal to or greater than “the Current Market Price per share of Common Stock
on the Business Day immediately preceding the Ex-Date for such dividend or distribution”
as set forth above, in lieu of the foregoing adjustment, adequate provision
shall be made so that each Noteholder shall have the right to receive on the
date on which the relevant Cash dividend or distribution is distributed to
holders of Common Stock, for each $1,000 principal amount of Notes upon
conversion, the amount of Cash such Noteholder would have received had such
Noteholder owned a number of shares equal to the Conversion Rate on the Record
Date for such dividend or distribution. 
In the event that such distribution or dividend is not so made, the
Conversion Rate shall again be adjusted to be the Conversion Rate which would
then be in effect if such dividend or distribution had not been declared.

 

In no event shall the
Conversion Rate be decreased pursuant to this Section 10.09.

 

Section 10.10.        Adjustment for Tender
Offer.  If the Company or any of its Subsidiaries shall, at any
time or from time to time, while any of the Notes are outstanding, distribute
Cash or other consideration in respect of a tender offer or exchange offer for
Common Stock, where such Cash and the value of any such other consideration per
share of Common Stock validly tendered or exchanged exceeds the Closing Price
of Common Stock on Trading Day immediately following the last date (such last
date, the “Expiration Date”) 

 

44

 

on which tenders or
exchanges may be made pursuant to the tender or exchange offer, then the
Conversion Rate shall be increased so that the same shall equal the rate
determined by multiplying the Conversion Rate in effect at the opening of
business on the Business Day immediately following the Trading Day immediately
following the Expiration Date by a fraction:

 

(x)           the numerator of which will be the
sum of (A) the fair market value, as determined by the Board of Directors,
of the aggregate consideration payable for all shares of Common Stock that the
Company purchases in such tender or exchange offer and (B) the product of
the number of shares of Common Stock outstanding, less the number of shares of
Common Stock purchased in the relevant tender offer or exchange offer (the “Purchased
Shares”), and the Closing Price of Common Stock on the Trading Day immediately
following the Expiration Date; and

 

(y)           the denominator of which will be the
product of the number of shares of Common Stock outstanding, including the
Purchased Shares, and the Closing Price of Common Stock on the Trading Day
immediately following the Expiration Date.

 

An adjustment, if any, to
the Conversion Rate pursuant to this Section 10.10 shall become effective
immediately prior to the opening of business on the second Trading Day
immediately following the Expiration Date. 
In the event that the Company or a Subsidiary of the Company is obligated
to purchase shares of Common Stock pursuant to any such tender offer or
exchange offer, but the Company or such Subsidiary is permanently prevented by
applicable law from effecting any such purchases, or all such purchases are
rescinded, then the Conversion Rate shall again be adjusted to be the
Conversion Rate which would then be in effect if such tender offer or exchange
offer had not been made.  If the
application of this Section 10.10 to any tender offer or exchange offer
would result in a decrease in the Conversion Rate, no adjustment shall be made
for such tender offer or exchange offer under this Section 10.10.

 

Section 10.11.        Provisions Governing
Adjustment to Conversion Rate.  Rights or warrants distributed
by the Company to all holders of Common Stock entitling the holders thereof to
subscribe for or purchase shares of the Company’s Capital Stock (either
initially or under certain circumstances), which rights, options or warrants,
until the occurrence of a specified event or events (“Trigger
Event”): (i) are deemed to be transferred with such shares of
Common Stock; (ii) are not exercisable; and (iii) are also issued in
respect of future issuances of Common Stock, shall be deemed not to have been
distributed for purposes of Section 10.06, Section 10.07, Section 10.08,
Section 10.09 or Section 10.10 (and no adjustment to the Conversion
Rate under Section 10.06, Section 10.07, Section 10.08, Section 10.09
or Section 10.10 will be required) until the occurrence of the earliest
Trigger Event, whereupon such rights, options and warrants shall be deemed to
have been distributed and an appropriate adjustment (if any is required) to the
Conversion Rate shall be made under Section 10.08, and, if applicable, Section 10.23.  If any such right, option or warrant,
including any such existing rights, options or warrants distributed prior to
the date of this Indenture, are subject to events, upon the occurrence of which
such rights, options or warrants become exercisable to purchase different
securities, evidences of indebtedness or other assets, then the date of the
occurrence of any and each such event shall be deemed to be the date of 

 

45

 

distribution and Ex-Date
with respect to new rights, options or warrants with such rights (and a
termination or expiration of the existing rights, options or warrants without
exercise by any of the holders thereof), except as set forth in Section 10.23.  In addition, except as set forth in Section 10.23,
in the event of any distribution (or deemed distribution) of rights, options or
warrants, or any Trigger Event or other event (of the type described in the
preceding sentence) with respect thereto that was counted for purposes of
calculating a distribution amount for which an adjustment to the Conversion
Rate under Section 10.06, Section 10.07, Section 10.08, Section 10.09
or Section 10.10 was made (including any adjustment contemplated in Section 10.23),
(1) in the case of any such rights, options or warrants that shall all have
been redeemed or repurchased without exercise by any holders thereof, the
Conversion Rate shall be readjusted upon such final redemption or repurchase to
give effect to such distribution or Trigger Event, as the case may be, as
though it were a Cash distribution, equal to the per share redemption or
repurchase price received by a holder or holders of Common Stock with respect
to such rights, options or warrants (assuming such holder had retained such
rights, options or warrants), made to all holders of Common Stock as of the
date of such redemption or repurchase, and (2) in the case of such rights,
options or warrants that shall have expired or been terminated without exercise
by any holders thereof, the Conversion Rate shall be readjusted as if such rights,
options and warrants had not been issued.

 

Section 10.12.        Disposition Events. 
If any of the following events (a “Disposition Event”)
occurs:

 

(a)   any reclassification of Common Stock (other
than a change in par value, or from par value to no par value, or from no par
value to par value, or as a result of a subdivision or combination);

 

(b)   consolidation, merger, or other combination
involving the Company; or

 

(c)   sale or conveyance to another Person of all
or substantially all of the assets of the Company;

 

in each case, in which
holders of outstanding Common Stock would be entitled to receive Cash,
securities or other property for their shares of Common Stock, if a Holder
converts its Notes on or after the effective date of any such event, Notes will
be convertible into, in lieu of the shares of Common Stock otherwise
deliverable, the same type (in the same proportions) of consideration received
by holders of Common Stock in the relevant event (collectively, “Reference Property”).

 

If the Disposition Event
provides the holders of Common Stock with the right to receive more than a
single type of consideration determined based in part upon any form of
stockholder election, the Reference Property shall be comprised of the weighted
average of the types and amounts of consideration received by the holders of
Common Stock upon the occurrence of such event.

 

46

 

Upon the occurrence of a
Disposition Event, the Company or the successor or purchasing Person, as the case
may be, shall execute with the Trustee a supplemental indenture (which shall
comply with the Trust Indenture Act as in force at the date of execution of
such supplemental indenture if such supplemental indenture is then required to
so comply) permitted under Section 9.02(b) providing for the
conversion and settlement of the Notes as set forth in this Indenture.  Such supplemental indenture shall provide for
adjustments that shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article 10.  If, in the case of any Disposition Event, the
Reference Property includes shares of stock or other securities and assets of a
Person other than the successor or purchasing Person, as the case may be, in
such reclassification, consolidation, merger, combination, sale or conveyance,
then such supplemental indenture shall also be executed by such other Person
and shall contain such additional provisions to protect the interests of the
holders of the Notes as the Board of Directors shall reasonably consider
necessary by reason of the foregoing, including to the extent required by the
Board of Directors and practicable the provisions providing for the repurchase
rights set forth in Article 3 herein.

 

In the event the Company
shall execute a supplemental indenture pursuant to this Section 10.12, the
Company shall promptly file with the Trustee an Officers’ Certificate briefly
stating the reasons therefore, the kind or amount of cash, securities or
property or asset that will comprise the Reference Property after any such
Disposition Event, any adjustment to be made with respect thereto and that all
conditions precedent have been complied with, and shall promptly mail notice
thereof to all Noteholders.  The Company
shall cause notice of the execution of such supplemental indenture to be mailed
to each Noteholder, at its address appearing on the Register provided for in
this Indenture, within 20 days after execution thereof.  Failure to deliver such notice shall not
affect the legality or validity of such supplemental indenture.

 

Section 10.13.        Adjustment to Conversion
Rate Upon a Make-Whole Change in Control; Discretionary Adjustment. 
(a) If, after the date hereof, a Change in Control (determined after
giving effect to any exceptions or exclusions to such definition, but without
regard to the proviso in clause (ii) of
the definition thereof, a “Make-Whole Change in
Control”) occurs and a Holder elects to convert its Notes in
connection with such Make-Whole Change in Control, the Company will, under
certain circumstances, increase the Applicable Conversion Rate for the Notes so
surrendered for conversion by a number of additional shares of Common Stock
(the “Make-Whole Shares”), as described in
this Section 10.13.  A conversion of
Notes will be deemed for these purposes to be “in connection with” a Make-Whole
Change in Control if the notice of conversion of the Notes is received by the
Conversion Agent from, and including, the Effective Date of the Make-Whole
Change in Control up to, and including, the Business Day immediately prior to
the related Repurchase Date (or, in the case of an event that would have been a
Change in Control but for the proviso in
clause (ii) of the definition thereof, the 35th Trading Day
immediately following the Effective Date of such Make-Whole Change in Control).

 

On or before the 15th day
after the occurrence of a Make-Whole Change in Control that does not also
constitute a Change in Control, the Company will deliver to the Trustee and to
all Holders at their addresses shown in the Register of the Registrar, and to
beneficial owners as required by applicable law, written notice indicating that
a Make-Whole Change in Control has occurred.

 

47

 

(b)   The number of Make-Whole Shares will be
determined by reference to the table below and is based on the date which such
Make-Whole Change in Control transaction becomes effective (the “Effective Date”) and the price paid per share of Common
Stock in the Make-Whole Change in Control (in the case of a Make-Whole Change
in Control described in clause (ii) of the definition of Change in
Control in which holders of Common Stock receive only Cash), or in the case of
any other Make-Whole Change in Control, the average of the Closing Prices per
share of Common Stock over the five Trading-Day period ending on the Trading
Day immediately preceding the Effective Date of such Make-Whole Change in
Control (the “Stock Price”).

 

(c)   The Stock Prices set forth in the first
column of the table below will be adjusted as of any date on which the
Applicable Conversion Rate is adjusted. 
The adjusted Stock Prices will equal the Stock Prices immediately prior
to such adjustment, multiplied by a fraction, the numerator of which is the
Applicable Conversion Rate immediately prior to the adjustment giving rise to
the Stock Price adjustment, and the denominator of which is the Applicable
Conversion Rate as so adjusted.  In
addition, the number of Make-Whole Shares will be subject to adjustment in the
same manner as the Applicable Conversion Rate as set forth in Section 10.06
through Section 10.10.

 

	
   

  	
   

  	
  Effective Date

  	
   

  
	
  Stock Price

  	
   

  	
  April     , 2009

  	
   

  	
  April 15, 2010

  	
   

  	
  April 15, 2011

  	
   

  	
  April 15, 2012

  	
   

  	
  April 15, 2013

  	
   

  
	
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(d)   If the exact Stock Price and Effective Date
is not set forth in the table, then (i) if the Stock Price is between two
Stock Prices in the table or the Effective Date is between two Effective Dates
in the table, the Make-Whole Shares issued upon conversion of the Notes will be
determined by a straight-line interpolation between the number of Make-Whole
Shares set forth for the higher and lower Stock Prices and/or the earlier and
later Effective Dates in the table, as applicable, based on a 365-day year, (ii) if
the Stock Price is in excess of $        
per share of Common Stock (subject to adjustment as set forth in Section 10.13(c)),
no Make-Whole Shares will be issued upon conversion of the Notes; and (iii) if
the Stock Price is less than $        
per share of Common Stock (subject to adjustment as set forth in Section 10.13(c)),
no Make-Whole Shares will be issued upon conversion of the Notes.

 

48

 

(e)   The Company may make such increases in the
Conversion Rate, in addition to those required by Section 10.06, 10.07,
10.08, 10.09 and 10.10 as the Board of Directors considers to be advisable to
avoid or diminish any income tax to holders of Common Stock or rights to
purchase Common Stock resulting from any dividend or distribution of stock (or
rights to acquire stock) or from any event treated as such for income tax
purposes.

 

(f)    To the extent permitted by applicable law,
the Company from time to time may increase the Conversion Rate by any amount
for any period of time if the period is at least twenty (20) days, the increase
is irrevocable during the period and the Board of Directors shall have made a
determination that such increase would be in the best interests of the Company,
which determination shall be conclusive. 
Whenever the Conversion Rate is increased pursuant to the preceding
sentence, the Company shall mail to holders of record of the Notes a notice of
the increase at least fifteen (15) days prior to the date the increased
Conversion Rate takes effect, and such notice shall state the increased
Conversion Rate and the period during which it will be in effect.

 

Section 10.14.        When Adjustment May Be
Deferred.  No adjustment in the Conversion Rate need be made
unless the adjustment would require an increase or decrease of at least 1% of
the Conversion Rate.  Any adjustments
that are less than 1% of the Conversion Rate will be carried forward and taken
into account in determining any subsequent adjustment.  In addition, the Company shall make any carry
forward adjustments not otherwise effected on each anniversary of the date
hereof, upon conversion of any Note (but only with respect to such Converted
Note), upon required repurchases of the Notes pursuant to Section 3.01,
and on the Scheduled Trading Day prior to the Maturity Date.

 

Section 10.15.        When No Adjustment
Required.  (a) No adjustment need be made for a
transaction referred to in Section 10.06, 10.07, 10.08, 10.09 or 10.10 if
Noteholders participate, without conversion, in the transaction or event that
would otherwise give rise to an adjustment pursuant to such Section at the
same time as holders of Common Stock participate with respect to such
transaction or event and on the same terms as holders of Common Stock
participate with respect to such transaction or event as if Noteholders, at such
time, held a number of shares of Common Stock equal to the Applicable
Conversion Rate, multiplied by the principal
amount (expressed in thousands) of Notes held by such Noteholder, without
having to convert their Notes.

 

(b)   No adjustment need be made for the issuance
of Common Stock or any securities convertible into or exchangeable for Common
Stock or carrying the right to purchase Common Stock or any such security.

 

(c)   No adjustment need be made for rights to
purchase Common Stock pursuant to a Company plan for reinvestment of dividends
or interest.

 

(d)   No adjustment need be made for a change in
the par value or no par value of Common Stock.

 

49

 

(e)   To the extent the Notes become convertible
pursuant to this Article 10 into Cash, no adjustment need be made
thereafter as to the Cash.  Interest will
not accrue on the Cash.

 

(f)    Notwithstanding anything in this Article 10
to the contrary, the Applicable Conversion Rate shall not exceed
              
per $1,000 principal amount of Notes, other than on account of adjustments to
the Conversion Rate in the manner set forth in Sections 10.06, 10.07, 10.08,
10.09 and 10.10.

 

Section 10.16.        Notice of Adjustment. 
Whenever the Conversion Rate is adjusted, the Company shall promptly send to
Noteholders a written notice of the adjustment. 
The Company shall file with the Trustee and the Conversion Agent such
notice and a certificate from the Company’s independent public accountants
briefly stating the facts requiring the adjustment and the manner of computing
it.  The certificate shall be conclusive
evidence that the adjustment is correct. 
Neither the Trustee nor any Conversion Agent shall be under any duty or
responsibility with respect to any such certificate except to exhibit the same
to any Holder desiring inspection thereof.

 

Section 10.17.        Notice of Certain
Transactions.  If (a) the Company takes any action that
would require an adjustment in the Conversion Rate pursuant to Section 10.06,
10.07, 10.08, 10.09 or 10.10 (unless no adjustment is to occur pursuant to Section 10.14
or Section 10.15), (b) the Company takes any action that would
require a supplemental indenture pursuant to Section 10.12, or (c) there
is a liquidation or dissolution of the Company, then the Company shall send to
Noteholders and file with the Trustee and the Conversion Agent a written notice
stating the proposed Ex-Date for a dividend or distribution or the proposed
effective date of a subdivision, combination, reclassification, consolidation,
merger, combination, sale or conveyance. 
The Company shall file and send the notice at least 15 days before such
date.  Failure to file or send the notice
or any defect in it shall not affect the validity of the transaction.

 

Section 10.18.        Right of Holders to
Convert.  Notwithstanding any other provision in this
Indenture, the Holder of any Note shall have the right to convert its Note in
accordance with this Article 10 and to bring an action for the enforcement
of any such right to convert, and such rights shall not be impaired or affected
without the consent of such Holder.

 

Section 10.19.        Company Determination
Final.  The Company shall be responsible for making all
calculations called for hereunder and under the Notes.  The Company shall make all these calculations
using commercially reasonable means and, absent manifest error, the Company’s
calculations will be final and binding on Noteholders.  The Company shall provide a schedule of the
Company’s calculations to the Trustee, and the Trustee is entitled to rely upon
the accuracy of the Company’s calculations without independent verification.

 

50

 

Section 10.20.                       Trustee’s Adjustment Disclaimer.  The Trustee has no duty to
determine when an adjustment under this Article 10 should be made, how it
should be made or what it should be.  The
Trustee has no duty to determine whether a supplemental indenture under Section 10.12
need be entered into or whether any provisions of any supplemental indenture
are correct.  The Trustee shall not be
accountable for and makes no representation as to the validity or value of any
securities or assets issued upon conversion of Notes.  The Trustee shall not be responsible for the
Company’s failure to comply with this Article 10.  Each Conversion Agent shall have the same
protection under this Section 10.20 as the Trustee.

 

Section 10.21.                       Simultaneous Adjustments.  For purposes of Section 10.08,
Section 10.06 and Section 10.07, any dividend or distribution to
which Section 10.08 is applicable that also includes shares of Common
Stock, or rights, options or warrants to subscribe for or purchase shares of
Common Stock (or both), shall be deemed instead to be (1) a dividend or
distribution of the debt securities, assets or shares of Capital Stock other
than such shares of Common Stock or rights (and any Conversion Rate adjustment
required by Section 10.08 with respect to such dividend or distribution
shall then be made) immediately followed by (2) a dividend or distribution
of such shares of Common Stock or such rights (and any further Conversion Rate
adjustment required by Section 10.06 and Section 10.07 with respect
to such dividend or distribution shall then be made), except any shares of
Common Stock included in such dividend or distribution shall not be deemed “outstanding
at the Close of Business on the Business Day immediately preceding such Ex-Date”
within the meaning of Section 10.06.

 

Section 10.22.                       Successive Adjustments.  After an adjustment to the
Conversion Rate under this Article 10, any subsequent event requiring an
adjustment under this Article 10 shall cause an adjustment to the
Conversion Rate as so adjusted.

 

Section 10.23.                       Rights Issued in Respect of Common Stock Issued
Upon Conversion. 
Each share of Common Stock issued upon conversion of Notes pursuant to this Article 10
shall be entitled to receive the appropriate number of rights (“Rights”), if any, and the certificates representing Common
Stock issued upon such conversion shall bear such legends, if any, in each case
as may be provided by the terms of any rights plan (i.e., a poison pill)
adopted by the Company, as the same may be amended form time to time, is in
effect, (in each case, a “Shareholders Rights Plan”).  Upon conversion of the Notes a Holder will
receive, in addition to any Common Stock received in connection with such
conversion, the Rights under the Shareholders Rights Plan, unless prior to any
conversion, the Rights have separated from Common Stock, in which case the
Applicable Conversion Rate will be adjusted at the time of separation as if the
Company distributed to all holders of Common Stock, shares of Company Capital
Stock, assets, debt securities or certain rights to purchase securities of the
Company as described in Section 10.08, subject to readjustment

 

51

 

in the event of the
expiration, termination or redemption of such rights.  Any distribution of Rights pursuant to the
Shareholders Rights Plan that would allow a Holder to receive upon conversion,
in addition to shares of Common Stock, the Rights described therein (unless
such Rights have separated from Common Stock) shall not constitute a
distribution of Rights that would entitle the Holder to an adjustment to the
Conversion Rate.

 

Section 10.24.                       Withholding Taxes for Adjustments in Conversion
Rate.  The
Company may, at its option, set-off withholding taxes due with respect to Notes
against delivery of Common Stock upon conversion of the Notes.  In the case of any such set-off against
Common Stock delivered upon conversion of the Notes, such Common Stock shall be
valued based on the Closing Price of the Common Stock on the Trading Day
immediately following the Conversion Date.

 

ARTICLE 11

 

REDEMPTION

 

Section 11.01.                       Right to Redeem; Notices to Trustee.  

 

(a)          The Notes are not redeemable by the Company prior to April 20,
2012.  On or after April 20, 2012,
the Notes may be redeemed in whole or in part at the option of the Company if
the Closing Price of the Company’s Common Stock has been greater than or equal
to 135% of the Conversion Price then in effect for at least 20 Trading Days
during any 30 consecutive Trading Day period ending within five Trading Days
prior to the date on which the Company provides notice of redemption.

 

(b)         The redemption price at which the Notes are redeemable
(the “Redemption Price”) shall be equal to (i) 100%
of the principal of Notes to be redeemed, plus (ii) accrued and unpaid
interest (including any Additional Interest) to, but excluding, the Redemption
Date, plus (iii) the Make-Whole Premium; provided,
however, that if the Redemption Date is
after a Regular Record Date and on or prior to the Interest Payment Date to
which it relates, then the accrued and unpaid interest, if any, to, but
excluding, the Redemption Date, shall be paid on such Interest Payment Date to
the holders of record of such Notes on the applicable Regular Record Date
instead of the holders surrendering such Notes for redemption on the Redemption
Date (and in this circumstance, the Make-Whole Premium shall be calculated
based on the present values of the remaining scheduled payments of interest on
such Notes starting with the next Interest Payment Date for which interest has
not been provided for herein).  The
Trustee shall have no duty to determine or calculate the Make-Whole Premium,
which shall be determined by the Company in accordance with the provisions of
this Indenture, and the Trustee shall not be under any responsibility to
determine the correctness of any such determination and/or calculation and may
conclusively rely on the correctness thereof.

 

52

 

(c)          Upon any redemption in accordance with this Article 11,
the Company shall pay the Make-Whole Premium with respect to the Notes called
for redemption to Holders, at its option, in Cash, shares of Common Stock or a
combination of Cash and shares of Common Stock and shall specify the type of
consideration for the Make-Whole Premium (and, if a combination, will specify
the dollar amount of the Make-Whole Premium to be paid in Cash) in the notice
of redemption sent by the Company pursuant to Section 11.03. If the
Company does not specify the type of consideration for the Make-Whole Premium
in such notice of redemption, the Company shall pay the Make-Whole Premium
entirely in Cash.

 

The Company may elect to pay the Make-Whole Premium or
any portion thereof, subject to the fulfillment by the Company of the
conditions set forth in Section 11.01(i), by delivering the number of
shares of Common Stock equal to (i) the amount of the Make-Whole Premium
(or any portion thereof that the Company elects to pay in shares of Common
Stock) divided by (ii) the product of (x) the average of the Closing
Prices per share of Common Stock for the five consecutive Trading Days
immediately preceding and including the third Trading Day prior to the
Redemption Date and (y) 97.5%.

 

(d)         The Company shall pay the Make-Whole Premium on all
Notes called for redemption on or after April 20, 2012 and prior to October 15,
2013, including any Notes converted into Common Stock pursuant to the terms of
the Indenture after the date of the notice of redemption sent pursuant to Section 11.03
of this Indenture and prior to such Redemption Date.

 

(e)          The Company may not redeem any Notes unless all
accrued and unpaid interest (including any Additional Interest) thereon has
been or is simultaneously paid for all semi-annual periods or portions thereof
terminating prior to the Redemption Date. 
In addition, the Company may not redeem any Notes or deliver to any
Holder of Notes a notice of redemption pursuant to Section 11.03 at any
time when there exists any accrued and unpaid Defaulted Interest.

 

(f)            Any issuance of shares of Common Stock in respect of
the Make-Whole Premium shall be deemed to have been effected immediately prior
to the Close of Business on the Redemption Date and the Person or Persons in
whose name or names any stock certificate or stock certificates representing
shares of Common Stock shall be issuable upon such redemption shall be deemed
to have become on the Redemption Date the holder or holders of record of the
shares represented thereby; provided, however, that any surrender for redemption on a date when
the stock transfer books of the Company shall be closed shall constitute the
Person or Persons in whose name or names the stock certificate or stock
certificates representing such shares are to be issued as the holder or holders
of record of the shares represented thereby for all purposes at the opening of
business on the next succeeding day on which such stock transfer books are
open. No payment or adjustment shall be made for dividends or distributions on
any Common Stock declared prior to the Redemption Date.

 

A Holder receiving shares of Common Stock in respect
of the Make-Whole Premium shall not be entitled to any rights as a holder of
Common Stock, including, among other things, the right to vote and receive dividends
and notices of stockholder meetings, until the Close of Business on the
Redemption Date.

 

53

 

(g)         The Company will not issue a fractional share of
Common Stock upon payment of the Make-Whole Premium.  Instead, the Company shall pay Cash in lieu
of fractional shares based on the Closing Price of Common Stock on the Trading
Day prior to the applicable Conversion Date.

 

(h)         Any issuance and delivery of stock certificates
representing shares of Common Stock on payment of the Make-Whole Premium shall
be made without charge to the Holder of Notes being redeemed or for any tax or
duty in respect of the issuance or delivery of such stock certificates or the
Notes represented thereby; provided, however, that the Company shall not be required to pay any
tax or duty which may be payable in respect of (i) income of the Holder or
(ii) any transfer involved in the issuance or delivery of stock
certificates representing shares of Common Stock in a name other than that of
the Holder of the Notes being redeemed, and no such issuance or delivery shall
be made unless the Persons requesting such issuance or delivery has paid to the
Company the amount of any such tax or duty or has established, to the
satisfaction of the Company, that such tax or duty has been paid.

 

(i)             The Company may, at its option, pay the Make-Whole
Premium payable to Holders pursuant to Section 11.01(b) upon
redemption of the Notes, in shares of Common Stock, if the following conditions
are satisfied:

 

(A)                              The shares of Common Stock
to be so issued:

 

(i)                                     shall not require
registration under any federal securities law  before such shares may be freely transferable
without being subject to any  transfer restrictions under the Securities Act upon redemption or if
such  registration is
required, such registration shall be completed and shall become effective prior
to the Redemption Date; and

 

(ii)                                  shall not require
registration with, or approval of, any  governmental authority under any state law or
any other federal law before  shares may be validly issued or delivered upon redemption or if such  registration is required or
such approval must be obtained, such registration  shall be completed or such approval shall be
obtained prior to the
Redemption Date.

 

(B)                                The shares of Common Stock
to be listed upon redemption of Notes  hereunder are, or shall have been, approved
for listing on The
New York Stock Exchange or any other stock exchange on which the shares of
Common Stock are then listed, in any case, prior to the
Redemption Date.

 

(C)                                All shares of Common Stock
which may be issued upon redemption of  Notes shall be newly issued shares or treasury shares, shall
be duly and validly issued and fully paid and nonassessable and shall be free
from preemptive rights and free of any lien or adverse claim.

 

54

 

(D)                               If any of the
conditions set forth
in clauses (A) through (C) of this Section 11.01(i) are
not satisfied in accordance with the terms thereof, the  Make-Whole Premium shall be paid by the Company
only in Cash.

 

Section 11.02.                       Selection of Notes to be Redeemed.  If less than all the Notes are to
be redeemed, the Trustee shall select the Notes to be redeemed pro rata or by
lot or by any other method the Trustee considers fair and appropriate (so long
as such method is not prohibited by the rules of The New York Stock
Exchange or any other stock exchange on which the Notes are then listed, as
applicable).  The Trustee shall make the
selection within seven days from its receipt of the notice from the Company
delivered pursuant to Section 11.03 from outstanding Notes not previously
called for redemption.

 

Notes and portions of them the Trustee selects shall
be in principal amounts of $1,000 or integral multiples of $1,000.  Provisions of this Indenture that apply to
Notes called for redemption in whole also apply to Notes called for redemption
in part.  The Trustee shall notify the
Company promptly of the Notes or portions of Notes to be redeemed.

 

If any Note selected for partial redemption is
converted in part before termination of the conversion right with respect to
the portion of the Note so selected, the converted portion of such Note shall
be deemed (so far as may be) to be the portion selected for redemption.  Notes which have been converted during a
selection of Notes to be redeemed may be treated by the Trustee as outstanding
for the purpose of such selection.

 

Section 11.03.                       Notice of Redemption.  At least 30 days but not more than 60 days
before a Redemption Date, the Company shall mail a notice of redemption by
first-class mail, postage prepaid, to the Trustee, the Paying Agent and each
Holder of Notes to be redeemed; provided,
however, that the Company may not deliver any such notice to any Holder of
Notes at any time when there exists any accrued and unpaid Defaulted Interest.

 

The notice shall specify the Notes to be redeemed and
shall state:

 

(i)             the Redemption Date, including the type of
consideration to be paid for the Make-Whole Premium;

 

(ii)          the Redemption Price;

 

(iii)       the Applicable Conversion Rate and any adjustments
thereto;

 

(iv)      the name and address of the Paying Agent and
Conversion Agent;

 

(v)         that Notes called for redemption may be converted at
any time before the Close of Business on the Business Day immediately preceding
the Redemption Date; and

 

55

 

(vi)      the procedures a Holder must follow to exercise rights
under Section 3.01.

 

At the Company’s written request delivered at least 30
days prior to the date such notice is to be given to the Holders (unless a
shorter time period shall be acceptable to the Trustee), the Trustee shall give
the notice of redemption to each Holder of Notes to be redeemed in the Company’s
name and at the Company’s expense.

 

Section 11.04.                       Effect of Notice of Redemption.  Once notice of redemption is
given, Notes called for redemption become due and payable on the Redemption
Date and at the Redemption Price stated in the notice except for Notes that are
converted in accordance with the terms of this Indenture.  Upon surrender to the Paying Agent, such
Notes shall be paid at the Redemption Price stated in the notice.

 

Section 11.05.                       Deposit of Redemption Price.  Prior to 12:00 p.m. (New
York City time) on or prior to the Redemption Date, the Company shall deposit
with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary
of the Company or an Affiliate of either of them is acting as the Paying Agent,
shall segregate and hold in trust as provided in Section 2.04) an amount
of money (in immediately available funds if deposited on such Trading Day)
sufficient to pay the aggregate Redemption Price of all the Notes or portions
thereof which are to be redeemed as of the Redemption Date.

 

If the Paying Agent holds money sufficient to pay the
Redemption Price with respect to the Notes to be redeemed on the Redemption
Date in accordance with the terms of this Indenture, then, immediately on and
after the Redemption Date, interest on such Notes shall cease to accrue,
whether or not the Notes are delivered to the Paying Agent, and all other
rights of the Holders of such Notes shall terminate, other than the right to
receive the Redemption Price upon delivery of such Notes.

 

Section 11.06.                       Notes Redeemed in Part.  Any Note which is to be redeemed
only in part shall be surrendered at the office of the Paying Agent (with, if
the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly
executed by, the Holder thereof or such Holder’s attorney duly authorized in
writing) and the Company shall execute and the Trustee shall authenticate and
deliver to the Holder of such Note, without service charge, a new Note or Note,
of any authorized denomination as requested by such Holder in aggregate
principal amount equal to, and in exchange for, the portion of the principal
amount of the Note so surrendered that is not redeemed; provided,  that  the Company
shall not be required to (i) issue, register the transfer of or exchange
any Notes during a period beginning at the opening of business 15 days
before any selection for redemption of Notes and ending at the Close of
Business on the earliest date on which the relevant notice of redemption is
deemed to have been given to all Holders of Notes to be redeemed or (ii) register
the transfer of or exchange any Notes so selected for redemption, in whole or
in part, except the unredeemed portion of any Notes being redeemed in part.

 

56

 

ARTICLE 12

PAYMENT OF INTEREST

 

Section 12.01.        Interest Payments.
 Interest (including any Additional Interest) on any Note that is payable,
and is punctually paid or duly provided for, on any applicable Interest Payment
Date shall be paid to the Person in whose name that Note is registered at the
Close of Business on the Regular Record Date for such interest at the office or
agency of the Company maintained for such purpose.  Each installment of interest payable in Cash
on any Note shall be paid in same-day funds by transfer to an account
maintained by the payee located inside the United States, if the Trustee shall
have received proper wire transfer instructions from such payee not later than
the related Regular Record Date or, if no such instructions have been received
by check drawn on a bank in the United States mailed to the payee at its
address set forth on the Registrar’s books. 
In the case of a Global Note, interest payable on any applicable payment
date will be paid by wire transfer of same-day funds to the Depositary for the
purpose of permitting such party to credit the interest received by it in
respect of such Global Note to the accounts of the beneficial owners thereof.

 

Section 12.02.        Defaulted Interest.
 Any interest (including any Additional Interest) on any Note that is
payable, but is not punctually paid or duly provided for, within 30 days
following any applicable payment date (herein called “Defaulted
Interest,” which term shall include any accrued and unpaid interest
(including any Additional Interest) that has accrued on such defaulted amount
in accordance with paragraph 1 of the Notes), shall forthwith cease to be
payable to the registered Holder thereof on the relevant Regular Record Date by
virtue of 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.

 

(a)   The Company may elect to make payment of any
Defaulted Interest to the persons in whose names the Notes 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 Note
and the date of the proposed payment (which shall not be less than 20 days
after such notice is received by the Trustee), 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 on or prior to the
date of the proposed payment, such money when deposited to be held in trust for
the benefit of the persons entitled to such Defaulted Interest as in this
clause provided.  Thereupon the Trustee
shall fix a special record date for the payment of such Defaulted Interest
which shall be not more than 20 days and not less than 15 days prior to the
date of the proposed payment and not less than 10 days (or such shorter period
as is acceptable to the Trustee) after the receipt by the Trustee of the notice
of the proposed payment (the “Special Record Date”).  The Trustee shall promptly notify the Company
of such Special Record Date and, in the name and at the expense of the Company,
shall 

 

57

 

cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor to be mailed, first-class postage
prepaid, to each Holder of Notes at his address as it appears on the list of
Noteholders maintained pursuant to Section 2.05 not less than 25 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 shall be paid to the persons in whose names the Notes are registered
at the Close of Business on such Special Record Date and shall no longer be
payable pursuant to the following clause (b).

 

(b)   The Company may make payment of any Defaulted
Interest on the Notes in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Notes may be listed, and
upon such notice as may be required by such exchange, if, after notice given by
the Company to the Trustee of the proposed payment pursuant to this clause,
such manner of payment shall be deemed practicable by the Trustee.

 

Section 12.03.        Interest Rights Preserved.
 Subject to the foregoing provisions of this Article 12 and Section 2.06,
each Note delivered under this Indenture upon registration of transfer of or in
exchange for or in lieu of any other Note shall carry the rights to interest
accrued and unpaid, including any Additional Interest, and to accrue, which were
carried by such other Notes.

 

ARTICLE 13

MISCELLANEOUS

 

Section 13.01.        Trust Indenture Act of
1939.  This Indenture shall incorporate and be governed by the
provisions of the Trust Indenture Act that are required to be part of and to
govern indentures qualified under the Trust Indenture Act.

 

Section 13.02.        Noteholder Communications;
Noteholder Actions.  (a) The rights of Holders to
communicate with other Holders with respect to this Indenture or the Notes are
as provided by the Trust Indenture Act, and the Company and the Trustee shall
comply with the requirements of Trust Indenture Act Sections 312(a) and
312(b).  Neither the Company nor the
Trustee will be held accountable by reason of any disclosure of information as
to names and addresses of Holders made pursuant to the Trust Indenture Act.

 

(b)  (i)      Any request, demand, authorization,
direction, notice, consent to amendment, supplement or waiver or other action
provided by this Indenture to be given or taken by a Holder (an “act”) may be evidenced by an instrument signed by the Holder
delivered to the Trustee.  The fact and
date of the execution of the instrument, or the authority of the person
executing it, may be proved in any manner that the Trustee deems sufficient.

 

58

 

(ii)   The Trustee may make reasonable rules for
action by or at a meeting of Holders, which will be binding on all the Holders.

 

(c)   Any act by the Holder of any Note binds that
Holder and every subsequent Holder of a Note that evidences the same debt as
the Note of the acting Holder, even if no notation thereof appears on the
Note.  Subject to paragraph (d), a
Holder may revoke an act as to its Notes, but only if the Trustee receives the notice
of revocation before the date the amendment or waiver or other consequence of
the act becomes effective.

 

(d)   The Company may, but is not obligated to, fix
a record date (which need not be within the time limits otherwise prescribed by
Trust Indenture Act Section 316(c)) for the purpose of determining the
Holders entitled to act with respect to any amendment or waiver or in any other
regard, except that during the continuance of an Event of Default, only the
Trustee may set a record date as to notices of Default, any declaration or
acceleration or any other remedies or other consequences of the Event of
Default.  If a record date is fixed,
those Persons that were Holders at such record date and only those Persons will
be entitled to act, or to revoke any previous act, whether or not those Persons
continue to be Holders after the record date. 
No act will be valid or effective for more than 90 days after the record
date.

 

Section 13.03.        Notices.  (a) Any
notice or communication to the Company will be deemed given if in writing (i) when
delivered in person or (ii) five days after mailing when mailed by first
class mail, or (iii) when sent by facsimile transmission, with
transmission confirmed.  Any notice to
the Trustee will be effective only upon receipt.  In each case the notice or communication should
be addressed as follows:

 

if to the
Company:

 

Micron Technology, Inc.

8000 South Federal
Way

Boise, Idaho 83716

Attention: General
Counsel

Tel: (208)
368-4000

Fax: (208)
368-4540

 

with a
copy to:

 

Wilson Sonsini
Goodrich & Rosati

Professional
Corporation

650 Page Mill
Road

Palo Alto,
California 94304

Attention: John A.
Fore

Tel: (650)
493-9300

Fax: (650)
493-6811

 

59

 

if to the
Trustee:

 

Wells Fargo Bank,
National Association

Corporate Trust
Services

625 Marquette Avenue

MAC N9311-110

Minneapolis,
Minnesota 55479

Attention:  Micron Account Manager

Tel: (800)
344-5128

Fax: (612)
667-9825

 

The Company or the
Trustee by notice to the other may designate additional or different addresses
for subsequent notices or communications.

 

(b)   Except as otherwise expressly provided with
respect to published notices, any notice or communication to a Holder will be
deemed given when sent to the Holder at its address as it appears on the
Register by first class mail or, as to any Global Note registered in the name
of the Depository or its nominee, as agreed by the Company, the Trustee and the
Depository.  Copies of any notice or
communication to a Holder, if given by the Company, will be sent to the Trustee
at the same time.  Any defect in sending
a notice or communication to any particular Holder will not affect its
sufficiency with respect to other Holders.

 

(c)   Where this Indenture provides for notice, the
notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and the waiver will be the equivalent of the
notice.  Waivers of notice by Holders
must be filed with the Trustee, but such filing is not a condition precedent to
the validity of any action taken in reliance upon such waivers.

 

Section 13.04.        Communication by Holders
with Other Holders.  Noteholders may communicate pursuant to Section 312(b) of
the Trust Indenture Act with other Noteholders with respect to their rights
under this Indenture or the Notes.  The
Company, the Trustee, the Registrar, the Paying Agent, the Conversion Agent and
anyone else shall have the protection of Section 312(c) of the Trust
Indenture Act.

 

Section 13.05.        Certificate and Opinion as
to Conditions Precedent.  Upon any request or application by
the Company to the Trustee to take any action under this Indenture, the Company
shall furnish to the Trustee:

 

(1)         an Officers’ Certificate stating that,
in the opinion of the signers, all conditions precedent, if any, provided for
in this Indenture relating to the proposed action have been complied with; and

 

(2)         an Opinion of Counsel stating that all
such conditions precedent have been complied with.

 

60

 

Notwithstanding
the foregoing, no such Opinion of Counsel shall be required with respect to the
authentication and delivery of any Initial Notes or Additional Notes.

 

Section 13.06.        Statements Required in
Certificate or Opinion.  Each certificate or opinion with
respect to compliance with a condition or covenant provided for in this
Indenture must include:

 

(1)         a statement that each person signing
the certificate or opinion has read the covenant or condition and the related
definitions;

 

(2)         a brief statement as to the nature and
scope of the examination or investigation upon which the statement or opinion
contained in the certificate or opinion is based;

 

(3)         a statement that, in the opinion of
each such person, that person has made such examination or investigation as is
necessary to enable the person to express an informed opinion as to whether or
not such covenant or condition has been complied with; and

 

(4)         a statement as to whether or not, in
the opinion of each such person, such condition or covenant has been complied
with, provided that an Opinion of Counsel may
rely on an Officers’ Certificate or certificates of public officials with
respect to matters of fact.

 

Section 13.07.        Legal Holiday.
 A “Legal Holiday” is any day other than a
Business Day.  If any specified date
(including a date for giving notice) is a Legal Holiday, the action shall be
taken on the next succeeding day that is not a Legal Holiday, with the same
force and effect as if made on the Interest Payment Date or Redemption Date, at
the Stated Maturity or the last date of conversion, as the case may be.

 

Section 13.08.        Rules by Trustee,
Paying Agent, Conversion Agent and Registrar.  The Trustee may
make reasonable rules for action by or a meeting of Noteholders.  The Registrar, Conversion Agent and the
Paying Agent may make reasonable rules for their functions.

 

Section 13.09.        Governing Law.
 THIS INDENTURE AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER
THE LAWS OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF NEW YORK (WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS
THEREOF).

 

61

 

Section 13.10.        No Adverse Interpretation
of Other Agreements.  This Indenture may not be used to
interpret another indenture or loan or debt agreement of the Company or any
Subsidiary of the Company, and no such indenture or loan or debt agreement may
be used to interpret this Indenture.

 

Section 13.11.        Successors.
 All agreements of the Company in this Indenture and the Notes will bind
its successors.  All agreements of the
Trustee in this Indenture will bind its successor.

 

Section 13.12.        Counterparts.
 The parties may sign any number of copies of this Indenture.  Each signed copy shall be an original, but
all of them together represent the same agreement.

 

Section 13.13.        Severability.
 In case any provision in this Indenture or in the Notes is invalid,
illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions will not in any way be affected or impaired thereby.

 

Section 13.14.        Table of Contents and
Headings.  The Table of Contents, Cross-Reference Table and
headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part of this
Indenture and in no way modify or restrict any of the terms and provisions of
this Indenture.

 

Section 13.15.        No Liability of Directors,
Officers, Employees, Incorporators, Members and Stockholders.  No
director, officer, employee, incorporator, member or stockholder of the
Company, as such, will have any liability for any obligations of the Company
under the Notes or this Indenture or for any claim based on, in respect of, or
by reason of, such obligations.  Each
Holder of Notes by accepting a Note waives and releases all such
liability.  The waiver and release are
part of the consideration for issuance of the Notes.

 

[Remainder of page intentionally left blank].

 

62

 

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

 

	
   

  	
  MICRON TECHNOLOGY, INC., as Issuer

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Lynn M. Steiner

  
	
   

  	
   

  	
  Title: Vice President

  

 

63

 

EXHIBIT A

 

[FACE OF NOTE]

 

Micron Technology, Inc.

 

        %
Convertible Senior Note due October 15, 2013

 

No. [  ]

 

CUSIP
[                    ]

 

ISIN
[                        ]

 

Micron Technology, Inc., a Delaware corporation
(the “Company,” which term includes any
successor under the Indenture hereinafter referred to), for value received,
promises to pay to Cede & Co. or its registered assigns, the principal
sum [of           ] [set
forth on Schedule I hereto]* on October 15, 2013.

 

Initial Interest Rate:
        % per annum.

 

Interest Payment Dates: April 15 and October 15,
commencing October 15, 2009.

 

Regular Record Dates: April 1 and October  1.

 

Reference is hereby made to the further provisions of
this Note set forth on the reverse hereof, which will for all purposes have the
same effect as if set forth at this place.

 

*      This
schedule should be included only if the Note is a Global Note.

 

A-1

 

IN WITNESS WHEREOF, the Company has caused this Note to
be signed manually or by facsimile by its duly authorized officer.

 

	
  Date:
  April     , 2009

  	
  MICRON
  TECHNOLOGY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

(Form of Trustee’s
Certificate of Authentication)

 

This is one of the
        % Convertible Senior Notes due October 15,
2013 described in the Indenture referred to in this Note.

 

	
   

  	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  

 

A-2

 

[REVERSE SIDE OF NOTE]

 

Micron Technology, Inc.

 

        %
Convertible Senior Note due October 15, 2013

 

1.     Principal and Interest.

 

The Company promises to
pay the principal of this Note on October 15, 2013.

 

The Company promises to
pay interest on the principal amount of this Note on each Interest Payment
Date, as set forth on the face of this Note, at the rate of
      % per annum.

 

Interest will be payable
semiannually (to the holders of record of the Notes at the Close of Business on
the April 15 or October 15 immediately preceding the interest payment
date) on each interest payment date, commencing October 15, 2009.

 

Interest on this Note
will accrue from the most recent date to which interest has been paid or
provided for on this Note or the Note surrendered in exchange for this Note or,
if no interest has been paid, from April     , 2009,
through the day before each Interest Payment Date.  Interest will be computed in the basis of a
360-day year of twelve 30-day months.

 

If the Company elects to
pay Additional Interest pursuant to Section 6.15 of the Indenture referred
to below, the Company will pay any such Additional Interest on the date or
dates described in such Indenture.

 

The Company will pay
interest on overdue principal, premium, if any, and, to the extent lawful,
interest at a rate per annum that is 1% in excess of
        %.  Defaulted Interest shall be paid to the
Persons that are Holders on a Special Record Date, which will established as
set forth in the Indenture.

 

2.     Method of Payment.

 

Subject to the terms and
conditions of the Indenture, the Company shall pay interest (including any
Additional Interest) on this Note to the person who is the Holder of this Note
at the Close of Business on the Regular Record Date next preceding the related
Interest Payment Date.  The Company will
pay any Cash amounts in money of the United States that at the time of payment
is legal tender for payment of public and private debts.

 

3.     Paying Agent, Conversion
Agent and Registrar.

 

Initially, the Trustee
will act as Paying Agent, Conversion Agent and Registrar.  The Company may appoint and change any Paying
Agent, Conversion Agent, Registrar or co-registrar without notice, other than
notice to the Trustee.  The Company or
any of its Subsidiaries or any of

 

A-3

 

their Affiliates may act
as Paying Agent, Conversion Agent, Registrar or co-registrar.  The Company may maintain deposit accounts and
conduct other banking transactions with the Trustee in the normal course of
business.

 

4.     Indenture.

 

This is one of the Notes
issued under an Indenture dated as of April     , 2009
(as amended from time to time, the “Indenture”),
between the Company and Wells Fargo Bank, National Association, as
Trustee.  Capitalized terms used herein
are used as defined in the Indenture unless otherwise indicated.  The terms of the Notes include those stated
in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act.  The Notes are subject to
all such terms, and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of all such terms.  To the extent permitted by applicable law, in
the event of any inconsistency between the terms of this Note and the terms of
the Indenture, the terms of the Indenture will control.  The Notes are general unsecured obligations
of the Company.

 

5.     Repurchase at the Option
of the Holders upon Change in Control or Termination of Trading.

 

Upon the occurrence of a
Change in Control or Termination of Trading, a Holder has the right, at such
Holder’s option, to require the Company to repurchase all of such Holder’s
Notes or any portion thereof (in principal amounts of $1,000 or integral
multiples thereof) on the Repurchase Date at a price equal to the Repurchase
Price.

 

6.     Redemption at the Option
of the Company.

 

No sinking fund is
provided for the Notes.  The Notes are
redeemable as a whole, or from time to time in part, at any time commencing on April 20,
2012 at the option of the Company if the Closing Price of the Company’s Common
Stock has been greater than or equal to 135% of Conversion Price then in effect
for at least 20 Trading Days during any 30 consecutive Trading Day period
ending within five Trading Days prior to the date on which the Company
provides notice of redemption.  The
redemption price (the “Redemption Price”)
for any such redemption is equal to 100%, expressed as a percentage of the
Principal Amount of Notes to be redeemed, together with accrued and unpaid
interest (including any Additional Interest) to, but excluding, the Redemption
Date, plus the Make-Whole Premium.

 

7.     Conversion.

 

Subject to the provisions
of the Indenture, the Holder hereof has the right, at its option, prior to the
close of business on the Business Day immediately preceding the Maturity Date,
to convert this Note or portion thereof that is $1,000 or an integral multiple
thereof, into Common Stock at a Conversion Rate specified in the Indenture, as
adjusted from time to time as provided in the Indenture.

 

A-4

 

8.     Defaults and Remedies.

 

Subject to certain
exceptions, if an Event of Default, other than a Bankruptcy Default, occurs and
is continuing under the Indenture, the Trustee or the Holders of at least 25%
in aggregate of the outstanding principal amount of the Notes, by written
notice to the Company (and to the Trustee if the notice is given by the
Holders), may, and the Trustee at the request of such Holders may, declare the
principal of and accrued interest (including any Additional Interest) on the
Notes to be immediately due and payable. 
Upon a declaration of acceleration, such principal and interest
(including any Additional Interest) will become immediately due and
payable.  If a Bankruptcy Default occurs,
the principal of and accrued interest (including any Additional Interest) on
the Notes then outstanding will become immediately due and payable
automatically without any declaration or other act on the part of the Trustee
or any Holder.

 

9.     Amendment and Waiver.

 

Subject to certain
exceptions set forth in the Indenture, the Indenture and the Notes may be
amended, or default may be waived, with the consent of the Holders of a
majority in principal amount of the outstanding Notes.  Without notice to or the consent of any
Holder, the Company and the Trustee may amend or supplement the Indenture or
this Note to, among other things, cure any ambiguity, omission, defect or
inconsistency in the Indenture or this Note that does not adversely affect the
rights of any Holder of the Notes.

 

10.   Registered Form; Denominations;
Transfer; Exchange.

 

The Notes are in
registered form without coupons in denominations of $1,000 principal amount and
integral multiples of $1,000.  A Holder
may register the transfer or exchange of Notes in accordance with the Indenture.  The Trustee may require a Holder to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees
as set forth in the Indenture.  Pursuant
to the Indenture, there are certain periods during which the Trustee will not
be required to issue, register the transfer of or exchange any Note or certain
portions of a Note.

 

11.   Persons Deemed Owners.

 

The registered Holder of
this Note may be treated as the owner of this Note for all purposes.

 

12.   Unclaimed Money or Notes.

 

Subject to applicable
abandoned property law, the Trustee and each Paying Agent shall pay or deliver,
as the case may be, to the Company upon request any money, Common Stock or
other consideration held by them for the payment of the principal amount of
(including the relevant Repurchase Price or Redemption Price) and interest
(including any Additional Interest) on, or the Common Stock due in connection
with any conversion of, this Note that remains unclaimed for two years after a
right to such money, Common Stock or other consideration has matured.

 

A-5

 

13.   Trustee Dealings with the
Company.

 

The Trustee, in its
individual or any other capacity, may become the owner or pledgee of this Note
and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not the Trustee. 
Any Agent may do the same with like rights.  However, the Trustee is subject to Trust
Indenture Act Sections 310(b) and 311.

 

14.   No Recourse Against Others.

 

No director, officer,
employee, incorporator, member or stockholder of the Company, as such, will
have any liability for any obligations of the Company under this Note or the
Indenture or for any claim based on, in respect of, or by reason of, such
obligations.  Each Holder of this Note by
accepting this Note waives and releases all such liability.  The waiver and release are part of the
consideration for issuance of this Note.

 

15.   Authentication.

 

This Note shall not be
valid until an authorized officer of the Trustee signs manually the Trustee’s
Certificate of Authentication on the other side of this Note.

 

16.   Governing Law.

 

THE INDENTURE AND THE
NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF NEW YORK, AND FOR
ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORK
(WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF).

 

17.   Abbreviations.

 

Customary abbreviations
may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants
in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with
right of survivorship and not as tenants in common), CUST (= Custodian) and
U/G/M/A/ (= Uniform Gifts to Minors Act).

 

The Company will furnish
a copy of the Indenture to any Holder upon written request and without charge.

 

A-6

 

[FORM OF TRANSFER
NOTICE]

 

FOR VALUE RECEIVED the undersigned registered holder
hereby sell(s), assign(s) and transfer(s) unto

 

Insert Taxpayer
Identification No.

 

 

 

 

Please print or typewrite
name and address, including zip code of assignee

 

 

 

the within Note and all
rights thereunder, hereby irrevocably constituting and appointing

 

 

 

attorney to transfer said
Note on the books of the Company with full power of substitution in the
premises.

 

	
   

  	
  Your
  Signature:

  
	
   

  	
   

  
	
  Date:

  	
   

  
	
   

  	
  (Sign exactly as
  your name appears on the other side of this Note)

  

 

*Signature guaranteed by:

 

By:

 

*      The signature must be guaranteed by an
institution which is a member of one of the following recognized signature
guaranty programs: (i) the Securities Transfer Agent Medallion Program
(STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the
Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty
program acceptable to the Trustee.

 

A-7

 

Micron Technology, Inc.

8000 South Federal Way

Boise, Idaho  83716

Attention:  General Counsel

Fax:  (208) 368-4540

 

Wells Fargo Bank,
National Association

Corporate Trust Services

MAC N9311-110

Minneapolis, Minnesota  55479

Attention:  Micron Account Manager

Fax:  (612) 667-9825

 

CONVERSION
NOTICE

 

To convert this Note, check the box: o

 

To convert only part of this Note, state the principal
amount to be converted (must be $1,000 principal amount or an integral multiple
of $1,000 principal amount): $                    .

 

If you want the stock certificate made out in another
person’s name, fill in the form below:

 

 

(Insert assignee’s soc.
sec. or tax I.D. no.)

 

 

 

 

 

(Print or type assignee’s
name, address and zip code)

 

and irrevocably appoint

 

 

agent to transfer this
Note on the books of the Company.  The
agent may substitute another to act for him or her.

 

	
   

  	
  Your
  Signature:

  
	
   

  	
   

  
	
  Date:

  	
   

  
	
   

  	
  (Sign exactly as
  your name appears on the other side of this Note)

  

 

A-8

 

*Signature guaranteed by:

 

By:

 

*      The signature must be guaranteed by an
institution which is a member of one of the following recognized signature
guaranty programs: (i) the Securities Transfer Agent Medallion Program
(STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the
Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty
program acceptable to the Trustee.

 

A-9

 

Schedule
I*

 

No. [    ]

 

The initial principal amount of this Global Note is
$[                    ].

 

	
  Date

  	
   

  	
  Principal Amount of this

  Global Note

  	
   

  	
  Notation Explaining

  Change in Principal

  Amount

  	
   

  	
  Authorized Signature of

  Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

*      This schedule should be included only if
the Note is a Global Note.

 

A-10

 

EXHIBIT B

 

DTC LEGEND

 

UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL
NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE &
CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH
THE TRANSFER PROVISIONS OF THE INDENTURE.

 

B-1Exhibit 10.5

 

AMENDMENT
NO. 4 TO SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

Amendment (this “Amendment”),
made as of January 28, 2009, by and among New York & Company, Inc.
(the “Company”), Lerner New York, Inc. (“Lerner”) and
Richard Crystal (“Executive”).

 

R E C I T A L S

 

WHEREAS, Executive is
party to that certain Second Amended and Restated Employment Agreement by and
among between the Company, Lerner and Executive dated August 25, 2004, as
amended as of December 20, 2006, May 4, 2007 and April 10, 2008
(the “Agreement”).

 

WHEREAS, the Company,
Lerner and Executive wish to amend the Agreement to acknowledge certain
mutually agreed upon changes to the Agreement, including, but not limited to,
the removal of the evergreen term and the award of the special signing bonus
described below in consideration for Executive agreeing to be bound by certain
restrictive covenants contained in the Agreement after the end of the
employment term.

 

NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree to the following:

 

1.                                       Amendments.

 

(a)                                  Section 1 shall be amended and restated in it’s
entirety as follows:

 

“The
term of employment under this Agreement shall be for the period commencing on
the date hereof and ending on February 11, 2011 (“Term”).”

 

(b)                                 A new Section 4(i) shall
be added after Section 4(h) as follows:

 

“(i)                               In consideration for Executive agreeing
to be bound by the covenants contained in Section 12 (originally
numbered Section 11 and renumbered Section 12 by
Amendment No. 1 to this Agreement), Executive shall be paid a special
aggregate bonus of $2,000,000, to be paid in four semi-annual installments of
$444,444.42 each, on June 1, 2009, December 1, 2009, June 1,
2010 and December 1, 2010, and a final payment of $222,222.32 on February 11,
2011 (each a “Payment Date”). 
Each such payment is contingent upon Executive’s continued employment
with the Company through such Payment Date.”

 

 

(c)                                  The first paragraph of Section 9
shall be amended to remove the phrase “in form and substance satisfactory to
Holdings” and replacing it with the phrase “in form and substance satisfactory
to Holdings and such release is executed and irrevocable within 60 days of the
termination of Executive’s employment”.

 

(d)                                 Section 9(a) shall be amended to remove the
phrase “or gives written notice not to extend the Term”.

 

(e)                                  Section 9(b)(i) shall be amended to remove the
phrase “including by reason of Holdings’ written notice to Executive of its
decision not to extend the Term, as contemplated by Section 1, and”.

 

(f)                                    The first paragraph of Section 9(b)(ii) shall
be amended to remove the phrase “including by reason of Holdings’ written
notice to Executive of its decision not to extend the Term, as contemplated in Section 1,
but only if as a result thereof, the Term would expire within twenty-four (24)
months following the Change of Control, and”.

 

(g)                                 Section 9(b)(i)(D) (as revised by Amendment No. 3
to this Agreement) shall be amended by removing the phrase “payable
semi-annually in accordance with prior practice” and replacing it with the
phrase “payable within 60 days of the date that is the last day of each such
Bonus Period.”

 

(h)                                 Section 9(b)(ii)(D) shall be amended by adding to the
end of the first sentence thereof the following phrase ““; provided that if the
Change of Control is not also a change in control event under Code Section 409A,
then Executive shall instead receive the severance benefits in Section 9(b)(i)(D) in
accordance with the terms thereof and any amounts in excess thereof otherwise
due under this Section 9(b)(ii)(D) shall be paid in a lump sum within
ten (10) business days after his Termination Date” and by replacing the
phrase “total lump sum amount” with the phrase “total amount” each time it
appears in the last sentence.

 

(i)                                     Section 10 of the original Agreement (as renumbered
to be Section 11 by Amendment No. 1 to the Agreement) shall be
amended by removing the last sentence of such section and replacing it with the
following sentences:

 

“The parties agree
that any reduction of amounts that Executive receives or is entitled to receive
as provided in this Section 11 shall be reduced in order beginning
with the “parachute payment” with the highest Parachute Payment Ratio (as
defined below).  For “parachute payments”
with the same Parachute Payment Ratio, such “parachute payments” shall be
reduced based on the time of payment of such “parachute payments,” with amounts
having later payment dates being reduced first. 
For “parachute payments” with the same Parachute Payment Ratio and the
same time of payment, such “parachute payments” shall be reduced on a pro rata
basis 

 

 

(but not below
zero) prior to reducing “parachute payments” with a lower Parachute Payment
Ratio.  For purposes hereof, the term “Parachute
Payment Ratio” shall mean a fraction the numerator of which is the value of the
applicable “parachute payment” for purposes of Section 280G of the Code
and the denominator of which is the intrinsic value of such “parachute payment.”

 

(j)                                     Section 11(b) and 11(c) of the original Agreement (as
renumbered to be Section 12(b) and 12(c) by Amendment No. 1
of the Agreement) are hereby amended by replacing the phrase “after Executive
ceases to be employed” with the phrase “after Executive ceases to be employed
for any reason”.

 

(k)                                  New Section 30, entitled “Section 409A
Compliance” is hereby added, with the following subsections to be contained
in such section:

 

(a)                                  The payment of the Spring Bonus, if any,
shall be paid no later than July 31 immediately following the conclusion
of the Company’s second fiscal quarter and the payment of any bonus relating to
a bonus period ending at the conclusion of the Company’s fiscal year (which
concludes the fourth weekend of January) shall be paid no later than March 31
immediately following the conclusion of such fiscal year; provided, however,
that for purposes of compliance with Code Section 409A any Bonus that may
be payable pursuant to this Agreement shall under no circumstances be paid
later than March 15th of the calendar year following the calendar year in
which the bonus is no longer subject to a “substantial risk of forfeiture” as
such phrase is defined for purposes of the short term deferral rule under
Treas. Reg. 1.409A-1(b)(4) (regarding short-term deferrals).  For purposes of this section, a right to
payment will be treated as having vested when it is no longer subject to a
substantial risk of forfeiture as determined by the Company in its sole
discretion.

 

(b)                                 A termination of employment shall not be
deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits upon or following a
termination of employment unless such termination is also a “separation from
service” within the meaning of Code Section 409A and, for purposes of any
such provision of this Agreement, references to a “termination,” “termination
of employment” or like terms shall mean “separation from service.”

 

(c)                                  All expenses or other reimbursements
under the Agreement that would constitute nonqualified deferred compensation
subject to Code Section 409A, as determined by the Company in its sole
discretion, (i) shall be paid on or prior to the last day of the taxable
year following the taxable year in which such expenses were incurred by
Executive, (ii) no such reimbursement or expenses eligible for
reimbursement in any taxable year shall in any way affect Executive’s right to
reimbursement of 

 

 

any other expenses
eligible for reimbursement in any other taxable year, and (iii) Executive’s
right to reimbursement shall not be subject to liquidation in exchange for any
other benefit.

 

(d)                                 For purposes of Code Section 409A,
Executive’s right to receive any installment payment pursuant to this Agreement
shall be treated as a right to receive a series of separate and distinct
payments.

 

(e)                                  Whenever a payment under this Agreement
specifies a payment period with reference to a number of days (e.g., “payment
shall be made within thirty (30) days following the date of termination”), the
actual date of payment within the specified period shall be within the sole
discretion of the Company.

 

(f)                                    Notwithstanding any other provision of
this Agreement to the contrary, in no event shall any payment under this
Agreement that constitutes “deferred compensation” for purposes of Code Section 409A
be subject to offset, counterclaim or recoupment by any other amount payable to
Executive unless otherwise permitted by Code Section 409A.

 

(g)                                 Unless this Agreement provides a
specified and objectively determinable payment schedule to the contrary, to the
extent that any payment of base salary or other compensation is to be paid for
a specified continuing period of time beyond the date of Executive’s
termination of employment in accordance with the Company’s or Holdings’ payroll
practices (or other similar term), the payments of such base salary or other
compensation shall be made in accordance with such payroll practices as in
effect on the date of termination, but in no event less frequently than on a
monthly basis.

 

2.                                       Agreement Otherwise Unchanged. 
All other provisions of the Agreement shall remain in full force and
effect.

 

3.                                       Governing Law. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of New York
without giving effect to the conflict of law principals thereof.

 

4.                                       Counterparts. This Amendment may be executed in
separate counterparts (including via facsimile or electronic mail) each of
which shall be deemed an original and all of which taken together shall
constitute one and the same agreement.

 

5.                                       Waiver of Jury Trial. Each of the parties hereto waives any
right it may have to trial by jury in respect of any litigation based on,
arising out of, under or in connection with this Agreement or any course of
conduct, course of dealing, verbal or written statement or action of any party
hereto.

 

*   *   *  
*   *

 

 

IN WITNESS WHEREOF, the undersigned has executed this
Amendment as of the date and year first written above.

 

 

	
   

  	
  NEW
  YORK & COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sandra
  Brooslin Viviano

  
	
   

  	
   

  
	
   

  	
  Sandra Brooslin
  Viviano

  
	
   

  	
  Executive Vice
  President,

  
	
   

  	
  Human Resources

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LERNER
  NEW YORK, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sandra
  Brooslin Viviano

  
	
   

  	
   

  
	
   

  	
  Sandra Brooslin
  Viviano

  
	
   

  	
  Executive Vice
  President,

  
	
   

  	
  Human Resources

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Richard P.
  Crystal

  
	
   

  	
  Richard P.
  Crystal

  
	
   

  	
  Chairman and
  Chief Executive Officer

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