Document:

exv10w1

 

Exhibit 10.1

INDEMNIFICATION AGREEMENT

     THIS AGREEMENT is effective February 27, 2008, between Concho Resources Inc., a Delaware
corporation (the “Corporation”), and the undersigned director or officer of the Corporation
(“Indemnitee”).

     WHEREAS, the Restated Certificate of Incorporation of the Corporation (as the same may be
amended from time to time, the “Certificate of Incorporation”) provides for indemnification of the
Corporation’s directors and officers; and

     WHEREAS, the Corporation has adopted Amended and Restated Bylaws (as the same may be amended
from time to time, the “Bylaws”) providing for indemnification of the Corporation’s directors and
officers; and

     WHEREAS, the Bylaws and the Delaware General Corporation Law (the “DGCL”) contemplate that
contracts and insurance policies may be entered into with respect to indemnification of directors
and officers; and

     WHEREAS, there are questions concerning the adequacy and reliability of the protection which
might be afforded to directors and officers from acquisition of policies of Directors and Officers
Liability Insurance (“D&O Insurance”), covering certain liabilities which might be incurred by
directors and officers in the performance of their services to the Corporation; and

     WHEREAS, it is reasonable, prudent and necessary for the Corporation to obligate itself
contractually to indemnify Indemnitee so that he will serve or continue to serve the Corporation
free from undue concern that he will not be adequately protected;

     NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the
Corporation and Indemnitee do hereby covenant and agree as follows:

     1. Definitions. As used in this Agreement:

     (a) The term “Proceeding” shall include any threatened, pending or completed action, suit,
claim, inquiry or proceeding, whether brought by or in the right of the Corporation or otherwise
and whether of a civil, criminal, administrative, arbitrative or investigative nature, in which
Indemnitee is or is reasonably expected to be involved as a party, as a witness or otherwise, by
reason of the fact that Indemnitee is or was a director or officer of the Corporation, by reason of
any action taken by him or of any inaction on his part while acting as a director or officer of the
Corporation or by reason of the fact that he is or was serving at the request of the Corporation as
a director, officer, trustee, employee or agent of another corporation, partnership, joint venture,
trust, limited liability company or other enterprise; in each case whether or not he is acting or
serving in any such capacity at the time any liability or expense is incurred for which
indemnification or reimbursement can be provided under this Agreement; provided that any such
action, suit, claim, inquiry or proceeding which is brought by Indemnitee against the Corporation
or directors or officers of the Corporation, other than an action brought by Indemnitee to enforce
his rights under this Agreement, shall not be deemed a Proceeding without prior approval by a
majority of the Board of Directors of the Corporation.

 

 

     (b) The term “Expenses” shall include, without limitation, any judgments, fines and penalties
against Indemnitee in connection with a Proceeding; amounts paid by Indemnitee in settlement of a
Proceeding pursuant to this Agreement; and all attorneys’ fees and disbursements, accountants’
fees, private investigation fees and disbursements, retainers, court costs, transcript costs, fees
of experts, fees and expenses of witnesses, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, and all other disbursements, or
expenses, reasonably incurred by or for Indemnitee in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, being or preparing to be a witness in a Proceeding
or establishing Indemnitee’s right of entitlement to indemnification for any of the foregoing.

     (c) References to Indemnitee’s being or acting as “a director or officer of the Corporation”
or “serving at the request of the Corporation as a director, officer, trustee, employee or agent of
another corporation, partnership, joint venture, trust, limited liability company or other
enterprise” shall include in each case service to or actions taken while a director, officer,
trustee, employee or agent of any subsidiary of the Corporation or while serving as a member of a
committee of the Board of Directors of the Corporation.

     (d) References to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise tax assessed with respect to any employee benefit plan; references
to “serving at the request of the Corporation” shall include any service as a director, officer,
employee or agent of the Corporation which imposes duties on, or involves services by, such
director, officer, trustee, employee or agent with respect to an employee benefit plan, its
participants or beneficiaries; and a person who acted in good faith and in a manner he reasonably
believed to be in the interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner “not opposed to the best interest of the Corporation” as
referred to in this Agreement.

     (e) The term “substantiating documentation” shall mean copies of bills or invoices for costs
incurred by or for Indemnitee, or copies of court or agency orders or decrees or settlement
agreements, as the case may be, accompanied by a sworn statement from Indemnitee that such bills,
invoices, court or agency orders or decrees or settlement agreements, represent costs or
liabilities meeting the definition of “Expenses” herein.

     (f) The terms “he” and “his” have been used for convenience and mean “she” and “her” if
Indemnitee is a female.

     2. Indemnity of Director or Officer. The Corporation hereby agrees to hold harmless and indemnify
Indemnitee against Expenses to the fullest extent authorized or permitted by law (including the
applicable provisions of the DGCL). The phrase “to the fullest extent permitted by law” shall
include, but not be limited to (a) to the fullest extent permitted by any provision of the DGCL
that authorizes or permits additional indemnification by agreement, or the corresponding provision
of any amendment to or replacement of the DGCL and (b) to the fullest extent authorized or permitted by any amendments to
or replacements of the DGCL adopted after the date of this Agreement that increase the extent to
which a corporation may indemnify its officers and directors. Any amendment, alteration or repeal
of the DGCL that adversely affects any right of Indemnitee shall be prospective only and shall not
limit or

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eliminate any such right with respect to any Proceeding involving any occurrence or
alleged occurrence of any action or omission to act that took place prior to such amendment or
repeal.

     3. Additional Indemnity. The Corporation hereby further agrees to hold harmless and indemnify
Indemnitee against Expenses incurred by reason of the fact that Indemnitee is or was a director,
officer, employee or agent of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, trustee, employee or agent of another corporation, partnership,
joint venture, trust, limited liability company or other enterprise, but only if Indemnitee acted
in good faith and, in the case of conduct in his official capacity, in a manner he reasonably
believed to be in the best interests of the Corporation and, in all other cases, not opposed to the
best interests of the Corporation. Additionally, in the case of a criminal proceeding, Indemnitee
must have had no reasonable cause to believe that his conduct was unlawful. The termination of any
Proceeding by judgment, order of the court, settlement, conviction or upon a plea of nolo
contendere, or its equivalent, shall not, of itself, create a presumption that Indemnitee did not
act in good faith and in a manner which he reasonably believed to be in or not opposed to the best
interest of the Corporation, and with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his conduct was unlawful.

     4. Contribution. If the indemnification provided under Section 2 or Section 3 is unavailable by
reason of a court decision finding that Indemnitee is not eligible to receive indemnification for
Expenses incurred by Indemnitee under this Agreement, based on grounds other than any of those set
forth in Section 15, then, in respect of any Proceeding in which the Corporation is jointly liable
with Indemnitee (or would be if joined in such Proceeding), the Corporation shall contribute to the
amount of Expenses actually and reasonably incurred and paid or payable by Indemnitee in such
proportion as is appropriate to reflect (i) the relative benefits received by the Corporation on
one hand and Indemnitee on the other from the transaction from which such Proceeding arose and (ii)
the relative fault of the Corporation on the one hand and of Indemnitee on the other in connection
with the events that resulted in such Expenses as well as any other relevant equitable
considerations. The relative fault of the Corporation on the one hand and of Indemnitee on the
other shall be determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the circumstances resulting
in such Expenses. The Corporation agrees that it would not be just and equitable if contribution
pursuant to this Section 4 were determined by pro rata allocation or any other method of allocation
that does not take into account of the foregoing equitable considerations.

     5. Choice of Counsel.
Each Indemnitee that is an Outside Director, Chase Director or Other Indemnitee, together with
the other Indemnitees who are designated in the same group, shall be entitled to employ, and be
reimbursed for the fees and disbursements of, separate counsel to represent the Outside Directors,
the Chase Directors or the Other Indemnitees, as the case may be, in connection with any
Proceeding. For purposes of this Agreement, an Indemnitee shall be designated as (i) an “Outside
Director” if such Indemnitee is a director and not an officer of the Corporation and is not a Chase
Director, (ii) a “Chase Director” if such Indemnitee is G. Carl Everett, Larry V. Kalas, John A.
Knorr, Bradley D. Bartek or Robert C. Chase, and (iii) an “Other Indemnitee” if such Indemnitee is
not an Outside Director or a Chase Director. The principal counsel for Outside Directors (“Outside
Director Counsel”) shall be determined by

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majority vote of the Outside Directors, the principal
counsel for Chase Directors (“Chase Counsel”) shall be determined by majority vote of the Chase
Directors, and the Principal Counsel for the Other Indemnitees (“Other Indemnitee Counsel”) shall
be determined by majority vote of the Other Indemnitees, in each case subject to the consent of the
Corporation (not to be unreasonably withheld or delayed). The obligation of the Corporation to
reimburse Indemnitee for the fees and disbursements of counsel hereunder shall not extend to the
fees and disbursements of any counsel employed by Indemnitee other than Outside Director Counsel,
Chase Counsel or Other Indemnitee Counsel, as the case may be, unless Indemnitee has interests that
are different from those of the other Indemnitees or defenses available to him that are in addition
to or different from those of the other Indemnitees such that Outside Director Counsel, Chase
Counsel or Other Indemnitee Counsel, as the case may be, would have an actual, apparent or
potential conflict of interest in representing Indemnitee.

     6. Advances of Expenses. Expenses (other than judgments, penalties, fines and settlements)
incurred by Indemnitee shall be paid by the Corporation, in advance of the final disposition of the
Proceeding, within 20 calendar days after receipt of Indemnitee’s written request accompanied by
substantiating documentation and Indemnitee’s written affirmation that he has met the standard of
conduct for indemnification and a written undertaking to repay such amount to the extent it is
ultimately determined that indemnitee is not entitled to indemnification. No objections based on
or involving the question whether such charges meet the definition of “Expenses,” including any
question regarding the reasonableness of such Expenses, shall be grounds for failure to advance
such amount to Indemnitee, or to reimburse such Indemnitee for, the amount claimed within such
20-day period, and the undertaking of Indemnitee set forth in Section 8 hereof to repay any such
amount to the extent it is ultimately determined that Indemnitee is not entitled to indemnification
shall be deemed to include an undertaking to repay any such amounts determined not to have met such
definition.

     7. Right of Indemnitee to Indemnification Upon Application; Procedure Upon Application. Any
indemnification under this Agreement, other than advances pursuant to Section 6 hereof, shall be
made no later than 60 days after receipt by the Corporation of the written request of Indemnitee,
accompanied by substantiating documentation, unless a determination is made within said 60-day
period by (a) the Board of Directors by a majority vote of a quorum consisting of directors who are
not or were not parties to such Proceeding, (b) a committee of the
Board of Directors designated by majority vote of the Board of Directors, even though less than a
quorum, (c) if there are no such directors, or if such directors so direct, independent legal
counsel in a written opinion or (d) the stockholders, that Indemnitee has not met the relevant
standards for indemnification set forth in Section 3 hereof.

     The right to indemnification or advances as provided by this Agreement shall be enforceable by
Indemnitee in any court of competent jurisdiction. The burden of proving that indemnification is
not appropriate shall be on the Corporation. Neither the failure of the Corporation (including its
Board of Directors, any committee thereof, independent legal counsel or its stockholders) to have
made a determination prior to the commencement of such action that indemnification is proper in the
circumstances because Indemnitee has met the applicable standards of conduct, nor an actual
determination by the Corporation (including its Board of Directors, any committee thereof,
independent legal counsel or its stockholders) that Indemnitee

4

 

has not met such applicable standard
of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met
the applicable standard of conduct.

     8. Undertaking by Indemnitee. Indemnitee hereby undertakes to repay to the Corporation (a) any
advances of Expenses pursuant to Section 6 hereof and (b) any judgments, penalties, fines and
settlements paid to or on behalf of Indemnitee hereunder, in each case to the extent that it is
ultimately determined that Indemnitee is not entitled to indemnification. As a condition to the
advancement of such Expenses or the payment of such judgments, penalties, fines and settlements,
Indemnitee shall, at the request of the Corporation, execute an acknowledgment that such Expenses
or such judgments, penalties, fines and settlements, as the case may be, are delivered pursuant and
are subject to the provisions of this Agreement.

     9. Indemnification Hereunder Not Exclusive. The indemnification and advancement of expenses
provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may be entitled under the Certificate of Incorporation, the Bylaws, the DGCL, any D&O Insurance,
any agreement, or otherwise, both as to action in his official capacity and as to action in another
capacity while holding such office of the Corporation; provided, however, that this Agreement
supersedes all prior written indemnification agreements between the Corporation (or any predecessor
thereof) and Indemnitee with respect to the subject matter hereof. However, Indemnitee shall
reimburse the Corporation for amounts paid to him pursuant to such other rights to the extent such
payments duplicate any payments received pursuant to this Agreement.

     10. Continuation of Indemnity. All agreements and obligations of the Corporation contained herein
shall continue during the period Indemnitee is a director or officer of the Corporation (or is or
was serving at the request of the Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust, limited liability company or other enterprise) and
shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding
(notwithstanding the fact that Indemnitee has ceased to serve the Corporation).

     11. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Corporation for a portion of Expenses, but not, however, for the total
amount thereof, the Corporation shall nevertheless indemnify Indemnitee for the portion of such
Expenses to which Indemnitee is entitled.

     12. Settlement of Claims. The Corporation shall not be liable to indemnify Indemnitee under this
Agreement for any amounts paid in settlement of any Proceeding effected without the Corporation’s
prior written consent. The Corporation shall not settle any Proceeding in any manner which would
impose any penalty or limitation on Indemnitee without Indemnitee’s prior written consent. Neither
the Corporation nor Indemnitee will unreasonably withhold or delay their consent to any proposed
settlement. The Corporation shall not be liable to indemnify Indemnitee under this Agreement with
regard to any judicial award if the Corporation was not given a reasonable and timely opportunity,
at its expense, to participate in the defense of such action.

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     13. Acknowledgements.

     (a) Corporation Acknowledgement . The Corporation expressly confirms and agrees that
it has entered into this Agreement and assumed the obligations imposed on the Corporation hereby in
order to induce Indemnitee to serve or to continue to serve as a director or officer of the
Corporation, and acknowledges that Indemnitee is relying upon this Agreement in agreeing to serve
or in continuing to serve as a director or officer of the Corporation.

     (b) Mutual Acknowledgment. Both the Corporation and Indemnitee acknowledge that in
certain instances, Federal law or public policy may override applicable state law and prohibit the
Corporation from indemnifying its directors and officers under this Agreement or otherwise. For
example, the Corporation and Indemnitee acknowledge that the Securities and Exchange Commission
(the “SEC”) has taken the position that indemnification is not permissible for liabilities arising
under certain federal securities laws, and federal legislation prohibits indemnification for
certain ERISA violations. Indemnitee understands and acknowledges that the Corporation has
undertaken or may be required in the future to undertake with the SEC to submit the question of
indemnification to a court in certain circumstances for a determination of the Corporation’s right
under public policy to indemnify Indemnitee.

     14. Enforcement. In the event Indemnitee is required to bring any action or other proceeding to
enforce rights or to collect moneys due under this Agreement and is successful in such action, the
Corporation shall reimburse Indemnitee for all of Indemnitee’s Expenses in bringing and pursuing
such action.

     15. Exceptions. Any other provision herein to the contrary notwithstanding, the Corporation shall not be
obligated pursuant to the terms of this Agreement:

     (a) No Entitlement to Indemnification. To indemnify Indemnitee for any expenses
incurred by Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or
interpret this Agreement, if a court of competent jurisdiction determines that Indemnitee was not
entitled to indemnification hereunder;

     (b) Insured Claims. To indemnify Indemnitee for Expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and
amounts paid in settlement) to the extent such Expenses or liabilities have been paid directly to
Indemnitee by an insurance carrier under a D&O Insurance policy maintained by the Corporation;

     (c) Remuneration in Violation of Law. To indemnify Indemnitee in respect of
remuneration paid to Indemnitee if it shall be determined by a final judgment or other final
adjudication that such remuneration was in violation of law;

     (d) Indemnification Unlawful. To indemnify Indemnitee if a final decision by a court
having jurisdiction in the matter shall determine that such indemnification is not lawful;

     (e) Misconduct, Etc. To indemnify Indemnitee on account of Indemnitee’s conduct which
is finally adjudged to have been knowingly fraudulent or deliberately dishonest or to

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constitute
intentional misconduct, a knowing violation of law, a violation of Section 174 of the DGCL or a
transaction from which Indemnitee derived an improper personal benefit;

     (f) Breach of Duty. To indemnify Indemnitee on account of Indemnitee’s conduct which
is the subject of any Proceeding brought by the Corporation and approved by a majority of the Board
of Directors which alleges willful misappropriation of corporate assets by Indemnitee, disclosure
of confidential information in violation of Indemnitee’s fiduciary or contractual obligations to
the Corporation, or any other willful and deliberate breach in bad faith of Indemnitee’s duty to
the Corporation or its stockholders; or

     (g) Claims Under Section 16(b). To indemnify Indemnitee for expenses or the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

     16. Severability. If any provision of this Agreement shall be held to be invalid, illegal or
unenforceable (a) the validity, legality and enforceability of the remaining provisions of this
Agreement shall not be in any way affected or impaired thereby, and (b) to the fullest extent
possible, the provisions of this Agreement shall be construed so as to give effect to the intent
manifested by the provision held invalid, illegal or unenforceable. Each section of this Agreement
is a separate and independent portion of this Agreement. If the indemnification to which
Indemnitee is entitled with respect to any aspect of any claim varies between two or more sections
of this Agreement, that section providing the most comprehensive indemnification shall apply.

     17. Miscellaneous.

     (a) Governing Law. This Agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in
accordance with the laws of the State of Delaware, without giving effect to principles of conflict
of law.

     (b) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire
agreement and understanding of the parties relating to the subject matter herein and merges all
prior discussions between them. No modification of or amendment to this Agreement, nor any waiver
of any rights under this Agreement, shall be effective unless in writing signed by the parties to
this Agreement. The failure by either party to enforce any rights under this Agreement shall not
be construed as a waiver of any rights of such party.

     (c) Construction. This Agreement is the result of negotiations between and has been
reviewed by each of the parties hereto and their respective counsel, if any; accordingly, this
Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be
construed in favor of or against any one of the parties hereto.

     (d) Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to
have been given (i) when delivered personally to the recipient, (ii) when sent to the recipient by
telecopy (receipt electronically confirmed by sender’s telecopy machine) if during normal

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business
hours of the recipient, otherwise on the next business day, (iii) one business day after the date
when sent to the recipient by reputable overnight courier service (charges prepaid), or (iv) five
business days after the date when mailed to the recipient by certified or registered mail, return
receipt requested and postage prepaid. Such notices, demands and other communications shall be
sent to the parties at the addresses indicated on the signature page hereto, or to such other
address as any party hereto may, from time to time, designate in writing delivered pursuant to the
terms of this Section 17(d).

     (e) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one instrument.

     (f) Successors and Assigns. This Agreement shall be binding upon the Corporation and
its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs,
legal representatives and assigns.

     (g) Subrogation. In the event of payment under this Agreement, the Corporation shall
be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who
shall execute all documents required and shall do all acts that may be necessary to secure such
rights and to enable the Corporation to effectively bring suit to enforce such rights.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	CONCHO RESOURCES INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ David W. Copeland	 	 
	 	 	 	 	 	 	 
	 	 	 	 	David W. Copeland, Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address:	 	550 West Texas Avenue	 	 
	 

	 	 	 	 	 	Suite 1300	 	 
	 

	 	 	 	 	 	Midland, Texas 79701	 	 
	 

	 	 	 	 	 	Facsimile: (432) 683-7441	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	INDEMNITEE:	 	 
	 
	 	 	/s/ William H. Easter III	 	 
	 	 	 	 	 
	 	 	William H. Easter III	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address:exv4w1

 

Exhibit 4.1

NATIONAL RETAIL PROPERTIES, INC.

as Issuer

and

U.S. BANK NATIONAL ASSOCIATION

as Trustee

NINTH SUPPLEMENTAL INDENTURE

Dated as of March 4, 2008

5.125% Convertible Senior Notes Due 2028

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE 1

	Definitions

	 
	 	 	 	 
	Section 1.01. Relation To Original Indenture
	 	 	1	 
	Section 1.02. Definitions
	 	 	1	 
	 
	 	 	 	 
	ARTICLE 2

	Issue, Description, Execution, Registration And Conversion Of Notes 

	 
	 	 	 	 
	Section 2.01. Designation and Amount
	 	 	6	 
	Section 2.02. Form Of Notes
	 	 	6	 
	Section 2.03. Date And Denomination Of Notes; Interest
	 	 	7	 
	Section 2.04. Exchange And Registration Of Transfer Of Notes
Surrendered For Repurchase; Depository
	 	 	7	 
	Section 2.05. Additional Notes; Repurchases
	 	 	7	 
	Section 2.06. No Sinking Fund
	 	 	7	 
	Section 2.07. Ranking
	 	 	7	 
	 
	 	 	 	 
	ARTICLE 3

	Redemption

	 
	 	 	 	 
	Section 3.01. Right To Redeem
	 	 	8	 
	Section 3.02. Selection Of Notes To Be Redeemed
	 	 	8	 
	Section 3.03. Notice Of Redemption
	 	 	8	 
	 
	 	 	 	 
	ARTICLE 4

	Particular Covenants Of The Issuer

	 
	 	 	 	 
	Section 4.01. Payment Of Principal And Interest
	 	 	8	 
	ARTICLE 5

	Defaults And Remedies

	 
	 	 	 	 
	Section 5.01. Events Of Default
	 	 	9	 
	Section 5.02. Waivers
	 	 	10	 
	 
	 	 	 	 
	ARTICLE 6

	Supplemental Indentures

	 
	 	 	 	 
	Section 6.01. Supplemental Indentures Without Consent Of Noteholders
	 	 	10	 
	Section 6.02. Modification And Amendment With Consent Of Noteholders
	 	 	10	 
	Section 6.03. Effect Of Supplemental Indentures
	 	 	11	 
	 
	 	 	 	 
	ARTICLE 7 

	Conversion Of Notes 

	 
	 	 	 	 
	Section 7.01. Conversion
	 	 	11	 
	Section 7.02. Conversion Procedures
	 	 	13	 

 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	Section 7.03. Adjustment Of Conversion Rate
	 	 	16	 
	Section 7.04. Sufficient Shares To Be Delivered
	 	 	23	 
	Section 7.05. Effect Of Reclassification, Consolidation, Merger Or Sale
	 	 	23	 
	Section 7.06. Certain Covenants
	 	 	24	 
	Section 7.07. Responsibility Of Trustee
	 	 	25	 
	Section 7.08. Notice To Noteholders Prior To Certain Actions
	 	 	25	 
	Section 7.09. Shareholder Rights Plans
	 	 	26	 
	Section 7.10. Ownership Limit
	 	 	26	 
	 
	 	 	 	 
	ARTICLE 8 

	Repurchase Of Notes At Option Of Holders 

	 
	 	 	 	 
	Section 8.01. Repurchase Of Notes At Option Of The Noteholder On Specified Dates
	 	 	26	 
	Section 8.02. Repurchase At Option Of Noteholders Upon A Fundamental Change
	 	 	30	 
	 
	 	 	 	 
	ARTICLE 9 

	Consolidation, Merger, Sale, Lease Or Conveyance 

	 
	 	 	 	 
	Section 9.01. Certain Conditions
	 	 	33	 
	 
	 	 	 	 
	ARTICLE 10 

	Miscellaneous Provisions

	 
	 	 	 	 
	Section 10.01. Ratification Of Original Indenture
	 	 	33	 
	Section 10.02. Provisions Binding On Issuer’s Successors
	 	 	33	 
	Section 10.03. Official Acts By Successor Corporation
	 	 	33	 
	Section 10.04. Governing Law
	 	 	33	 
	Section 10.05. Evidence Of Compliance With Conditions Precedent;
Certificates And Opinions Of Counsel To Trustee
	 	 	33	 
	Section 10.06. Non Business Day
	 	 	34	 
	Section 10.07. No Security Interest Created
	 	 	34	 
	Section 10.08. Benefits Of Indenture
	 	 	34	 
	Section 10.09. Table Of Contents, Headings, Etc
	 	 	34	 
	Section 10.10. Execution In Counterparts
	 	 	34	 
	Section 10.11. Trustee
	 	 	34	 
	Section 10.12. Further Instruments And Acts
	 	 	34	 
	Section 10.13. Waiver Of Jury Trial
	 	 	35	 
	Section 10.14. Force Majeure
	 	 	35	 
	Section 10.15. Calculations
	 	 	35	 

- ii -  

 

     NINTH SUPPLEMENTAL INDENTURE, dated as of March 4, 2008 (the “Ninth Supplemental
Indenture”), by and between NATIONAL RETAIL PROPERTIES, INC., a corporation duly organized and
existing under the laws of the state of Maryland (the “Issuer”), and U.S. BANK NATIONAL
ASSOCIATION (successor to Wachovia Bank, National Association (formerly First Union National
Bank)), a national banking association having a corporate trust office at 60 Livingston Avenue, St.
Paul, MN 55107, as successor trustee under the Original Indenture (as defined below) (the
“Trustee”).

RECITALS

     WHEREAS, the Issuer executed and delivered the Indenture (the “Original Indenture”),
dated as of March 25, 1998, to the Trustee to issue from time to time for its lawful purposes debt
securities evidencing the Issuer’s senior unsecured Indebtedness.

     WHEREAS, Sections 3.1 and 9.1(7) of the Original Indenture provide that by means of a
supplemental indenture the Issuer may create one or more series of its debt securities and
establish the form, terms and provisions thereof.

     WHEREAS, the Issuer intends by this Ninth Supplemental Indenture to (i) create a series of
Issuer’s debt securities, in an initial aggregate principal amount equal to $220,000,000, entitled
5.125% Convertible Senior Notes due 2028 (the “Notes”) and (ii) establish the form and the
terms and provisions of the Notes.

     WHEREAS, the Board of Directors of the Issuer has approved the creation of the Notes and the
form, terms and provisions thereof.

     WHEREAS, the consent of Noteholders to the execution and delivery of this Ninth Supplemental
Indenture is not required, and all other actions required to be taken under the Original Indenture
with respect to this Ninth Supplemental Indenture have been taken.

     NOW, THEREFORE IT IS AGREED:

ARTICLE 1

Definitions

     Section 1.01. Relation To Original Indenture.

     (a) This Ninth Supplemental Indenture shall constitute an integral part of the Original
Indenture.

     (b) Articles XII, XIII and XIV of the Original Indenture shall not apply to the Notes.

     Section 1.02. Definitions. For all purposes of this Ninth Supplemental Indenture, except as
otherwise expressly provided for or unless the context otherwise requires:

     (a) Capitalized terms used but not defined herein shall have the respective meanings assigned
to them in the Original Indenture;

     (b) Terms defined both herein and in the Original Indenture shall have the meanings assigned
to them herein;

 

 

     (c) All references herein to Articles and Sections, unless otherwise specified, refer to the
corresponding Articles and Sections of this Ninth Supplemental Indenture; and

     (d) All other terms used in this Ninth Supplemental Indenture, which are defined in the Trust
Indenture Act or which are by reference therein defined in the Securities Act (except as herein
otherwise expressly provided or unless the context otherwise requires), shall have the meanings
assigned to such terms in the Trust Indenture Act and in the Securities Act as in force at the date
of the execution of this Ninth Supplemental Indenture. The words “herein,” “hereof,” “hereunder”
and words of similar import refer to this Ninth Supplemental Indenture as a whole and not to any
particular Article, Section or other Subdivision. The terms defined in this Article include the
plural as well as the singular.

     “Additional Shares” shall have the meaning specified in Section 7.01(g).

     “Board of Directors” means the board of directors of the Issuer.

     “Cash Percentage”
shall have the meaning specified in Section 7.02(k).

     “Cash
Percentage Notice” shall have the meaning specified in Section 7.02(k).

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

     “Closing Sale Price” means, with respect to the Common Stock or any other capital
stock or similar equity interests or other publicly traded securities for which a Closing Sale
Price must be determined, on any date, the closing sale price per share of the Common Stock or unit
of such other security (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 last bid and the
average last ask prices) on such date as reported in composite transactions for the principal U.S.
national or regional securities exchange on which the Common Stock or such other security is traded.
If the Common Stock or such other security is not listed for trading on a
United States national or regional securities exchange on the relevant date, the Closing Sale Price
shall be the closing sale price per share of Common Stock or such other security in the
over-the-counter market on the relevant date, as reported by Pink Sheets LLC or another established
over-the-counter trading market in the United States. In the absence of the foregoing, the Closing
Sale Price shall be the average of the mid-point of the last bid and last ask prices for a share of
Common Stock or such other security on the relevant date from each of at least three nationally
recognized independent investment banking firms selected from time to time by the Board of
Directors for that purpose. The Closing Sale Price shall be determined without reference to
extended or after-hours trading.

     “Common Stock” means, subject to Section 7.05, the common stock of the Issuer, par
value $0.01 per share, at the date of this Ninth Supplemental Indenture or shares of any class or
classes resulting from any reclassification or reclassifications thereof and that 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 Issuer and that are not subject to
redemption by the Issuer; provided that if at any time there shall be more than one such resulting
class, the shares of each such class then so issuable 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.

     “Conversion Agent” shall mean the Trustee or any successor office or agency where the
Notes may be surrendered for conversion.

     “Conversion Date” shall have the meaning specified in Section 7.02(c).

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     “Conversion Obligation” shall have the meaning specified in Section 7.01(a).

     “Conversion Price” means as of any date $1,000 divided by the Conversion Rate as of
such date.

     “Conversion Rate” shall have the meaning specified in Section 7.01(a).

     “Conversion Trigger Price” shall have the meaning specified in Section 7.01(c).

     “Daily Conversion Value” means, for each of the 20 consecutive Trading Days during the
Observation Period, 1/20th of the product of (a) the applicable Conversion Rate and (b)
the Closing Sale Price of the Common Stock (or the Reference Property, if applicable) on such day.

     “Daily Settlement Amount,” for each of the 20 Trading Days during the Observation
Period, shall consist of an amount of cash and, if applicable, a number of shares of Common Stock
as follows:

     (i) cash in an amount equal to the lesser of $50 and the Daily Conversion Value
relating to such Trading Day; and

     (ii) to the extent the Daily Conversion Value exceeds $50, a number of shares of Common
Stock (which may be or include a fraction) equal to the Daily Share Amount for such Trading
Day, subject to the Issuer’s right to deliver cash in lieu of all or a portion of such
Common Stock in accordance with Section 7.02(k).

     “Daily Share Amount” shall mean, with respect to each Trading Day in the Observation
Period, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is
equal to or less than $50, then the Daily Share Amount with respect to such Trading Day shall mean
an amount equal to zero; and (ii) if the Daily Conversion Value for such Trading Day exceeds $50,
then the Daily Share Amount with respect to such Trading Day shall mean a fraction (a) whose
numerator is the excess of such Daily Conversion Value over $50 and (b) whose denominator is the
Closing Sale Price per share of Common Stock (or Reference Property, if applicable) on such Trading
Day.

     “Depositary” means, with respect to Notes that are Global Securities, DTC, until a
successor shall have been appointed and become such pursuant to the applicable provisions of the
Original Indenture or this Ninth Supplemental Indenture, and thereafter, “Depositary” shall
mean or include such successor.

     “Distributed Property” shall have the meaning specified in Section 7.03(c).

     “Dividend Threshold Amount” shall have the meaning specified in Section 7.03(d).

     “Effective Date” shall have the meaning specified in Section 7.01(g)(ii).

     “Event of Default” means, with respect to the Notes, any event specified in Section
5.01, continued for the period of time, if any, and after the giving of notice, if any, therein
designated.

     “Ex-Dividend Date” means, (a) with respect to Section 7.01(e)(i), the first date upon
which a sale of a share of Common Stock does not automatically transfer the right to receive the
relevant dividend from the seller of the Common Stock to its buyer, and (b) in all other cases,
with respect to any issuance
or distribution on the Common Stock or any other equity security, the first date on which the
Common Stock or such other equity security trade on the applicable exchange or in the applicable
market, regular way, without the right to receive such issuance or distribution.

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

     “Fundamental Change” shall be deemed to occur upon the consummation of any transaction
or event (whether by means of an exchange offer, liquidation, tender offer, consolidation, merger,
combination, reclassification, recapitalization) in connection with which 50% or more of the Common
Stock is exchanged for, converted into or constitutes solely the right to receive, consideration
which is not at least 90% common equity (or American Depositary Shares representing shares of
common equity) that is or are: (a) listed on, or immediately after the consummation of such
transaction or event, will be listed on, a United States national securities exchange, or (b)
approved, or immediately after the consummation of such transaction or event will be approved, for
quotation on a nationally recognized and accepted system of automated dissemination of quotation
of securities prices.

     “Fundamental Change Conversion Period” shall have the meaning specified in Section
7.01(e)(ii).

     “Fundamental Change Issuer Notice” shall have the meaning specified in Section
8.02(b).

     “Fundamental Change Repurchase Date” shall have the meaning specified in Section
8.02(a).

     “Fundamental Change Repurchase Notice” shall have the meaning specified in Section
8.02(a)(i).

     “Fundamental Change Repurchase Price” shall have the meaning specified in Section
8.02(a).

     “Interest Payment Date” means June 15 and December 15 of each year, beginning on June
15, 2008.

     “Issuer” shall have the meaning specified in the Preamble, and subject to the
provisions of Article VIII of the Original Indenture and Section 9.01 of this Ninth Supplemental
Indenture, and shall include its successors and assigns.

     “Issuer Put Right Notice” shall have the meaning specified in Section 8.01(c).

     “Issuer Put Right Notice Date” shall have the meaning specified in Section 8.01(c).

     “Market Disruption Event” means the occurrence or existence for more than a one-half
hour period in the aggregate on any scheduled Trading Day for the Common Stock of any suspension or
limitation imposed on trading (by reason of movements in price exceeding limits permitted by the
applicable stock exchange or otherwise) in the Common Stock or in any options, contracts or future
contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any
time before 1:00 p.m. (New York City time) on such day.

     “Maturity Date” means June 15, 2028, unless the Notes are earlier repurchased,
converted or redeemed.

     “Measurement Period” shall have the meaning specified in Section 7.01(b).

     “Merger Event” shall have the meaning specified in Section 7.05.

     “Ninth Supplemental Indenture” shall have the meaning specified in the Preamble.

     “Noteholder” means a Holder of any Notes.

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     “Notes” shall have the meaning specified in the Recitals.

     “Notice of Conversion” shall have the meaning specified in Section 7.02(c).

     “Observation Period” means, with respect to any Note tendered for conversion, the 20
consecutive Trading Day period beginning on and including the third scheduled Trading Day after the
related Conversion Date in respect of such Note.

     “Original Indenture” shall have the meaning specified in the Recitals.

     “Put Right Repurchase Date” shall have the meaning assigned to it in Section 8.01(b).

     “Put Right Repurchase Notice” shall have the meaning assigned to it in Section
8.01(b)(i).

     “Put Right Repurchase Price” shall have the meaning assigned to it in Section 8.01(b).

     “Record Date” means, with respect to any dividend, distribution, transaction or event,
in which holders of Common Stock have the right to receive cash, securities or other property, the
date fixed for determination of shareholders entitled to receive such cash, securities or other
property (whether such date is fixed by the Board of Directors, by statute, contract or otherwise).

     “Regular Record Date,” with respect to the payment of interest on any Interest Payment
Date, means the June 1 or December 1 immediately preceding the applicable Interest Payment Date.

     “Redemption Price” shall have the meaning specified in Section 3.01(c).

     “Reference Property” shall have the meaning specified in Section 7.05(b).

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

     “Spin-Off” shall have the meaning specified in Section 7.03(c).

     “Share Price” means the price paid per share of Common Stock in connection with a
Fundamental Change pursuant to which Additional Shares shall be added to the Exchange Rate as set
forth in Section 7.01(e)(ii), which shall be equal to (i) if holders of Common Stock receive only
cash in such Fundamental Change, the cash amount paid per share of Common Stock and (ii) in all
other cases, the average of the Closing Sale Prices of the Common Stock over the five consecutive
Trading Day period ending on the Trading Day preceding the Effective Date of the Fundamental
Change.

     “Trading Day” means a day during which (i) trading in Common Stock generally occurs,
(ii) there is no Market Disruption Event and (iii) a Closing Sale Price for Common Stock (other
than a
Closing Sale Price referred to in the penultimate sentence of such definition) is available
for such day; provided that if the Common Stock is not admitted for trading or quotation on or by
any exchange, bureau or other organization referred to in the definition of Closing Sale Price
(excluding the penultimate sentence of that definition), Trading Date shall mean any Business Day.

     “Trading Price” with respect to the Notes, on any date of determination, means the
average of the secondary market bid quotations per $1,000 principal amount of Notes obtained by the
Trustee for $2.0 million principal amount of Notes at approximately 3:30 p.m., New York City time,
on such

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determination date from three independent nationally recognized securities dealers selected
by the Issuer (which may include Citigroup Global Markets Inc., Banc of America Securities LLC or
Wachovia Capital Markets, LLC); provided that if three such bids cannot reasonably be obtained by
the Trustee, but two such bids are obtained, then the average of the two bids shall be used, and if
only one such bid can reasonably be obtained by the Trustee, that one bid shall be used. If the
Trustee cannot reasonably obtain at least one bid for $2.0 million principal amount of Notes from a
nationally recognized securities dealer or, in the Issuer’s reasonable judgment, the bid quotations
are not indicative of the secondary market value of the Notes, then the Trading Price per $1,000
principal amount of Notes will be deemed to be less than 98% of the product of the Closing Sale
Price of the Common Stock and the Conversion Rate on such determination date.

     “Trigger Event” shall have the meaning specified in Section 7.03(c).

     “Trustee” shall have the meaning specified in the Preamble until a successor trustee
shall have become such pursuant to the applicable provisions of the Original Indenture. The
Trustee shall initially serve as the Security Registrar and Paying Agent for the Notes.

ARTICLE 2

Issue, Description, Execution, Registration And Conversion Of Notes

     Section 2.01. Designation and Amount. The Notes shall be designated as the “5.125%
Convertible Senior Notes Due 2028.” The aggregate principal amount of Notes that may be
authenticated and delivered under this Ninth Supplemental Indenture is initially limited to
$220,000,000, subject to Section 2.06 and except for Notes authenticated and delivered upon
registration or transfer of, or in exchange for, or in lieu of other Notes pursuant Section 2.05,
Section 7.02 and Section 8.02 of this Ninth Supplemental Indenture and Sections 3.3, 3.4, 3.5, 3.6
and 11.7 of the Original Indenture.

     Section 2.02. Form Of Notes. The Notes and the Trustee’s certificate of authentication to be
borne by such Notes shall be substantially in the form set forth in Exhibit A.

     Any of the Notes may have such letters, numbers or other marks of identification and such
notations, legends or endorsements as the officers executing the same may approve (execution
thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions
of the Original Indenture and this Ninth Supplemental Indenture, or as may be required to comply
with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of
any securities exchange or automated quotation system on which the Notes may be listed or
designated for issuance, or to conform to usage or to indicate any special limitations or
restrictions to which any particular Notes are subject.

     The Global Security shall represent such principal amount of the Outstanding Notes as shall be
specified therein and shall provide that it shall represent the aggregate principal amount of
Outstanding
Notes from time to time endorsed thereon and that the aggregate principal amount of
Outstanding Notes represented thereby may from time to time be increased or reduced to reflect
repurchases, conversions, transfers or exchanges permitted hereby. Any endorsement of the Global
Security to reflect the amount of any increase or decrease in the amount of Outstanding Notes
represented thereby shall be made by the Trustee, at the direction of the Trustee, in such manner
and upon instructions given by the Holder of such Notes in accordance with the Original Indenture
or this Ninth Supplemental Indenture. Payment of principal and accrued and unpaid interest on the
Global Security on the Maturity Date shall be made to the Holder of such Note on the date of
payment, unless a Regular Record Date for the payment of interest or other means of determining
Noteholders eligible to receive payment is provided for herein.

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     The terms and provisions contained in the form of Note attached as Exhibit A hereto are
incorporated herein and shall constitute, and are hereby expressly made, a part of this Ninth
Supplemental Indenture and to the extent applicable, the Issuer and the Trustee, by their execution
and delivery of this Ninth Supplemental Indenture, expressly agree to such terms and provisions and
to be bound thereby.

     Section 2.03. Date And Denomination Of Notes; Interest. The Notes shall be issuable as
Registered Securities in denominations of $1,000 principal amount and integral multiples thereof.
Each Note shall be dated the date of its authentication and shall bear interest from the date
specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes
shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

     Section 2.04. Exchange And Registration Of Transfer Of Notes Surrendered For Repurchase;
Depository.

     (a) Notwithstanding anything to the contrary in Section 3.5 of the Original Indenture, none of
the Issuer, the Trustee, the Security Registrar or any co-registrar shall be required to exchange
or register a transfer of (a) any Notes surrendered for conversion or, if a portion of any Note is
surrendered for conversion, such portion thereof surrendered for conversion or (b) any Notes, or a
portion of any Note, surrendered for repurchase (and not withdrawn), in accordance with Article 8.

     (b) So long as the Notes are eligible for book-entry settlement with the Depositary, unless
otherwise required by law, all Notes shall be represented by one or more Global Securities
registered in the name of the Depositary or the nominee of the Depositary. The transfer and
exchange of beneficial interests in a Global Security, which does not involve the issuance of a
definitive Note, shall be effected through the Depositary (but not the Trustee) in accordance with
the Original Indenture and this Ninth Supplemental Indenture (including the restrictions on
transfer set forth herein) and the procedures of the Depositary therefor.

     Section 2.05. Additional Notes; Repurchases. The Issuer or one of its affiliates may,
without the consent of the Noteholders and notwithstanding Section 2.01, reopen the Notes and issue
additional Notes hereunder with the same terms and conditions (except for any difference in the
issue price therefor and interest accrued prior to the date of issuance thereof) and with the same
CUSIP number as the Notes initially issued hereunder in an unlimited aggregate principal amount,
which will form the same series with the Notes initially issued hereunder, provided that such
additional Notes constitute the same issue as the Notes initially issued hereunder for U.S. federal
income tax purposes. The Issuer may also from time to time repurchase the Notes in open-market
purchases or negotiated transactions without prior notice to Noteholders.

     Section 2.06. No Sinking Fund. The provisions of Article XII of the Original Indenture shall
not be applicable to the Notes. No sinking fund is provided for the Notes.

     Section 2.07. Ranking. The Notes (and any additional Notes issued pursuant to Section 2.05
hereof) constitute a senior unsecured general obligation of the Issuer, ranking equally with other
existing and future senior unsecured and unsubordinated indebtedness of the Issuer and ranking
senior in right of payment to any future indebtedness of the Issuer that is expressly made
subordinate to the Notes by the terms of such indebtedness.

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ARTICLE 3

Redemption

     Section 3.01. Right To Redeem.

     (a) Notwithstanding any provision of the Original Indenture, as modified by this Ninth
Supplemental Indenture, to the contrary, the Issuer may redeem, in the manner set forth in Article
XI of the Original Indenture, the Notes at any time, in whole or in part, if it determines that
such redemption is necessary to preserve the status of the Issuer as a real estate investment trust
under the Code.

     (b) In addition, the Issuer, at its option, may redeem, in the manner set forth in Article XI
of the Original Indenture, the Notes from time to time in whole or in part on or after June 17,
2013.

     (c) Any redemption of Notes shall be at a redemption price equal to 100% of the principal
amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not
including, the Redemption Date (the “Redemption Price”).

     (d) If the Trustee (or other Paying Agent appointed by the Issuer) holds, in accordance with
the terms hereof, money sufficient to pay the Redemption Price of any Note, then, on and after the
Redemption Date, such Note will cease to be Outstanding and interest on such Note will cease to
accrue. Thereafter, all other rights of the Noteholder in respect thereof shall terminate (other
than the right to receive the Redemption Price as aforesaid and additional interest, if any, due on
the Redemption Date).

     Section 3.02. Selection Of Notes To Be Redeemed.

     (a) The provisions of Section 11.3 of the Original Indenture shall govern the selection of
Notes to be redeemed by the Trustee; provided, however, that 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 to be part of
the portion selected for redemption. Notes which have been converted subsequent to the Trustee
commencing selection of Notes to be redeemed but prior to redemption of such Notes shall be treated
by the Trustee as Outstanding for the purpose of such selection.

     Section 3.03. Notice Of Redemption. The provisions of Section 11.4 of the Original Indenture
shall govern notices of redemption of the Notes; provided, however, that in addition to the
information specified in Section 11.4 of the Original Indenture, notices of redemption of the Notes
shall also state:

     (a) the then-current Conversion Price;

     (b) the name and address of the Conversion Agent; and

     (c) that Noteholders who wish to convert Notes must surrender such Notes for conversion no
later than the Close of Business on the second Business Day immediately preceding the Redemption
Date and must satisfy the other requirements set forth herein.

ARTICLE 4

Particular Covenants Of The Issuer

     Section 4.01. Payment Of Principal And Interest.

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     (a) Except as otherwise provided in Section 4.01(b), a Holder of any Notes at the Close
of Business on a Regular Record Date for the payment of interest shall be entitled to receive
interest on such Notes on the corresponding Interest Payment Date. A Holder of any Notes as of a
Regular Record Date that are converted after the Close of Business on such Regular Record Date and
prior to the opening of business on the corresponding Interest Payment Date shall be entitled to
receive interest on the principal amount of such Notes, notwithstanding the conversion of such
Notes prior to such Interest Payment Date. However, such Noteholder that surrenders any such Notes
for conversion between the Close of Business on a Regular Record Date and the opening of business
on the corresponding Interest Payment Date shall be required to pay the Issuer an amount equal to
the interest payable by the Issuer with respect to such Notes on such Interest Payment Date at the
time such Noteholder surrenders such Notes for conversion, provided, however, that this sentence
shall not apply to a Noteholder that converts Notes:

     (i) surrendered for conversion after the Regular Record Date for the payment of
interest immediately preceding the Maturity Date;

     (ii) in respect of which the Issuer has given notice of redemption pursuant to Section
3.03 on a Redemption Date that is after the relevant Regular Record Date and on or prior to
the related Interest Payment Date;

     (iii) if the Issuer has specified a Fundamental Change Repurchase Date that is after
the Regular Record Date for the payment of interest and on or prior to the related Interest
Payment Date;

     (iv) to the extent of any overdue interest, if any overdue interest exists at the time
of conversion with respect to such Notes.

     Accordingly, a Noteholder that converts Notes under any of the circumstances described in
clauses (i) through (iv) above shall receive accrued and unpaid Interest from the issuer and shall
not be required to pay to the Issuer an amount equal to the interest payable by the Issuer with
respect to such Notes on the relevant Interest Payment Date.

     (b) If the Issuer redeems the Notes, or if a Noteholder surrenders a Note for repurchase by
the Issuer in accordance with the terms of such Note, the Issuer will pay accrued and unpaid
interest to the Noteholder that surrenders such Note for redemption or repurchase, as the case may
be. However, if an interest payment date falls on or prior to the Redemption Date or Put Right
Repurchase Date for a Note, the Issuer will pay the accrued and unpaid interest due on that
Interest Payment Date instead to the record holder of such Note at the Close of Business on the
related Regular Record Date.

     (c) The Issuer may reduce interest payments and payments upon a redemption, repurchase or
conversion of Notes otherwise payable to a Noteholder for any amounts the Issuer is required to
withhold by law. The Issuer shall set off any such withholding tax that it is required to pay
against payments of interest payable on the Notes and payments upon a redemption, repurchase or
conversion of Notes.

ARTICLE 5

Defaults And Remedies

     Section 5.01. Events Of Default. Section 5.1(3) of the Original Indenture shall not be
applicable to the Notes. As contemplated under Section 5.1(9) of the Original Indenture, the
following events, in addition to the events described in Section 5.1 of the Original Indenture,
shall be Events of Default with respect to the Notes:

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     (a) default in the payment of principal of any Note when due and payable at its Maturity Date,
upon redemption, repurchase, declaration or otherwise;

     (b) failure by the Issuer to comply with its obligation to convert the Notes into cash, Common
Stock or a combination of cash and Common Stock, as applicable, upon exercise of a Noteholder’s
conversion right, and such failure continues for a period of 10 days; and

     (c) failure by the Issuer to issue a Fundamental Change Issuer Notice in accordance with
Section 8.02(b) when due, and such failure continues for a period of 10 days.

     Section 5.02. Waivers. In addition to the exceptions for waiving past defaults as set forth
in Section 5.13 of the Original Indenture, Holders of a majority in principal amount of Outstanding
Notes may not waive any past default and its consequences relating to the Event of Default set
forth in Section 5.01(b) of this Ninth Supplemental Indenture.

ARTICLE 6

Supplemental Indentures

     Section 6.01. Supplemental Indentures Without Consent Of Noteholders. In addition to the
provisions of Section 9.1 of the Original Indenture, the Issuer, when authorized by or pursuant to
a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more
supplemental indentures to the Original Indenture, in form satisfactory to the Trustee, to: (i)
provide for conversion rights of Noteholders if any reclassification or change of the Common Stock,
or any consolidation, merger or sale of all or substantially all of the Issuer’s property or assets
occurs, as set forth in this Ninth Supplemental Indenture; and (ii) amend or supplement any
provision of the Original Indenture, as supplemented by this Ninth Supplemental Indenture; provided
that no such amendment or supplement shall materially adversely affect the interests of the Holders
of any Security issued under the Original Indenture (including the Notes issued hereby).

     Section 6.02. Modification And Amendment With Consent Of Noteholders. In addition to the
provisions of Section 9.2 of the Original Indenture, with the consent of the Holders of not less
than a majority in aggregate principal amount of the Notes at the time Outstanding, by Act of said
Holders delivered to the Issuer and the Trustee, the Issuer, when authorized by or pursuant to a
Board Resolution,
and the Trustee may enter into an indenture or indentures supplemental to this Ninth
Supplemental Indenture, for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Ninth Supplemental Indenture, or of modifying in any
manner the rights of the Noteholders and any related coupons under this Ninth Supplemental
Indenture; provided, however, that no such supplemental indenture shall, without the consent of the
Holder of each Outstanding Note affected thereby, modify this Ninth Supplemental Indenture in any
manner specified in Section 9.2 of the Original Indenture or, in addition thereto, any of the
following:

     (a) reduce the Conversion Rate or adversely affect the calculation of the conversion value in
accordance with this Ninth Supplemental Indenture;

     (b) adversely affect the rights of a Noteholder to convert Notes in accordance with this Ninth
Supplemental Indenture;

     (c) reduce the Fundamental Change Repurchase Price, Redemption Price or Put Right Repurchase
Price of any Note; or

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     (d) adversely change the Issuer’s obligation to make any redemption or repurchase payments
applicable to the Notes.

     Section 6.03. Effect Of Supplemental Indentures. Upon the execution of any supplemental
indenture under this Article, the Original Indenture shall be modified in accordance therewith, and
such supplemental indenture shall form a part of the Original Indenture and this Ninth Supplemental
Indenture for all purposes; and every Noteholder theretofore or thereafter authenticated and
delivered under the Original Indenture or this Ninth Supplemental Indenture and of any coupon
appertaining thereto shall be bound thereby.

ARTICLE 7

Conversion Of Notes

     Section 7.01. Conversion.

     (a) Subject to the conditions described in clauses (b) through (f) below and to Section 7.10,
and upon compliance with the provisions of this Article 7, 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 Notes at any time prior to June 15, 2027
at a rate (the “Conversion Rate”) of 39.3459 shares of Common Stock (subject to adjustment
by the Issuer as provided in Section 7.03 and 7.01(f)) per $1,000 principal amount Note (the
“Conversion Obligation”) under the circumstances and during the periods set forth below.
On and after June 15, 2027, regardless of the conditions described in clause (b) through (f) below,
but subject to Section 7.10 and upon compliance with the provisions of this Article 7, 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 Note at any time
prior to the Close of Business on the Business Day immediately preceding the Maturity Date.

     (b) A Noteholder shall have the right, at such Noteholder’s option, to convert its Notes prior
to June 15, 2027, during the five Business Day period immediately after any 10 consecutive Trading
Day period (the “Measurement Period”) in which the Trading Price per $1,000 principal
amount of Notes for
each day of such Measurement Period was less than 98% of the product of the Closing Sale Price
of the Common Stock on such date and the Conversion Rate on such date, all (except the Trading
Price) as determined by the Trustee. The Trustee shall have no obligation to determine the Trading
Price of the Notes unless the Issuer requests such determination. The Issuer shall have no
obligation to make such request unless a Noteholder or group of Noteholders holding at least
$1,000,000 aggregate principal amount of Notes provides the Issuer with reasonable evidence that
the Trading Price per $1,000 principal amount of the Notes would be less than 98% of the product of
the Closing Sale Price at such time and the then-applicable Conversion Rate, at which time the
Issuer shall instruct the Trustee to determine the Trading Price of the Notes beginning on the next
Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount
of the Notes is greater than or equal to 98% of the product of the Closing Sale Price on such date
and the then-applicable Conversion Rate. If, to the Issuer’s knowledge, the Trading Price
condition set forth above has been met, the Issuer shall so notify the Noteholders. If at any time
after the Trading Price condition set forth above has been met, to the Issuer’s knowledge, the
Trading Price per $1,000 principal amount of Notes is greater than 98% of the product of the
Closing Sale Price on such date and the then-applicable Conversion Rate, the Issuer shall so notify
the Noteholders.

     (c) A Noteholder shall have the right, at such Noteholder’s option, to convert Notes during
any calendar quarter after the quarter ending March 31, 2008, and only during such calendar
quarter, if the

- 11 -

 

Closing Sale Price for the Common Stock for at least 20 Trading Days during the
period of 30 consecutive Trading Days ending on the last Trading Day of the previous calendar
quarter exceeds 130% of the Conversion Price (the “Conversion Trigger Price”) on such last
Trading Day, which Conversion Price shall be subject to adjustment in accordance with this Article
7.

     (d) In the event that the Issuer has delivered a notice of redemption in accordance with
Section 11.4 of the Original Indenture and Section 3.03 of this Ninth Supplemental Indenture to the
Noteholders, a Noteholder may convert Notes at any time prior to the Close of Business on the
second Business Day immediately preceding the corresponding Redemption Date; provided, however,
that a Noteholder who has delivered a Fundamental Change Repurchase Notice with respect to a Note
may not convert such Note until the Noteholder has withdrawn the Fundamental Change Repurchase
Notice in accordance with the terms of the Note and this Ninth Supplemental Indenture.

     (e) (i) In the event that the Issuer elects to:

     (A) distribute to all holders of Common Stock rights entitling them to
purchase, for a period expiring within 60 days after the Record Date for such
distribution, Common Stock at a price less than the Closing Sale Price of the
Common Stock for the Trading Day immediately preceding the date of declaration of
such distribution; or

     (B) distribute to all holders of Common Stock, assets or debt securities of
the Issuer or rights to purchase the Issuer’s securities, which distribution has a
per share value (as determined by the Board of Directors) exceeding 15% of the
Closing Sale Price of the Common Stock on the day immediately preceding the date of
declaration of such distribution,

then, in either case, Noteholders may surrender the Notes for conversion at any time on and
after the date that the Issuer provides notice to Noteholders referred to in the next
sentence until the earlier of the Close of Business on the Business Day immediately
preceding the Ex-Dividend Date for such distribution or the date the Issuer announces that
such distribution will not take
place. The Issuer shall notify Noteholders of any distribution referred to in either clause
(A) or clause (B) above and of the resulting conversion right no later than the
25th scheduled Trading Day prior to the Ex-Dividend Date for such distribution.

     (ii) If the Issuer is a party to any transaction or event that constitutes a
Fundamental Change, a Noteholder may surrender Notes for conversion at any time from and
including the 25th scheduled Trading Day prior to the anticipated Effective Date
of such transaction or event until and including the related Fundamental Change Repurchase
Date (the “Fundamental Change Conversion Period”) and, upon such surrender in connection
with a Fundamental Change occurring on or prior to June 17, 2013, the Noteholder shall be entitled
to the increase in the Conversion Rate, if any, specified in Section 7.01(g). The Issuer
shall give notice to all record Noteholders and the Trustee, and issue a press release, no
later than 30 scheduled Trading Days prior to the anticipated Effective Date of such
transaction.

     (iii) If the Issuer is a party to a consolidation, merger, binding share exchange or
sale or conveyance of all or substantially all of its properties and assets, in each case
pursuant to which the Common Stock would be exchanged for cash, securities and/or other
property (whether or not such transaction or event constitutes a Fundamental Change), then
the Noteholders shall have the right to convert Notes at any time from and including the
25th scheduled Trading Day prior to the date announced by the Issuer as the
anticipated effective date of the transaction and until and including the date that is 15
calendar days after the date that is the effective date of such

- 12 -

 

transaction; provided such
transaction does not otherwise constitute a Fundamental Change to which the provisions of
Section 7.01(e)(ii) shall apply. The Issuer shall notify Noteholders at least 25 scheduled
Trading Days prior to the anticipated effective date of such transaction.

     (f) The Notes shall be convertible at any time beginning on the first Business Day after any
30 consecutive Trading Day period during which the Common Stock is not listed on a U.S. national
securities exchange.

     (g) (i) If a Noteholder elects to convert Notes in connection with a Fundamental Change and
the effective date or anticipated effective date of such Fundamental Change occurs prior to June
17, 2013, the Conversion Rate applicable to each $1,000 principal amount of Notes so converted
shall be increased by an additional number of shares of Common Stock (the “Additional
Shares”) as described below. Settlement of Notes tendered for conversion to which Additional
Shares shall be added to the Conversion Rate as provided in this subsection shall be settled
pursuant to Section 7.02 below, as applicable. For purposes of this Section 7.01(g), a conversion
shall be deemed to be “in connection with” a Fundamental Change to the extent that the conversion
occurs during the Fundamental Change Conversion Period (regardless of whether the provisions of
clauses (b), (c), (d) or (f) of this Section 7.01 shall apply to such conversion).

     (ii) The number of Additional Shares by which the Conversion Rate will be increased
shall be determined by reference to the table attached as Schedule A hereto, based on the
date on which the Fundamental Change occurs or becomes effective (the “Effective
Date”), and the Share Price; provided, that if the Share Price is between two Share
Price amounts in the table or the Effective Date is between two Effective Dates in the
table, the number of Additional Shares shall be determined by a straight-line interpolation
between the number of Additional Shares set forth for the next higher and next lower Share
Price amounts and the two nearest Effective Dates, as applicable, based on a 365-day year;
provided further that if (1) the Share Price is greater than $35.00 per share of Common
Stock (subject to adjustment), no Additional
Shares will be added to the Conversion Rate, and (2) the Share Price is less than
$21.91 per share of Common Stock (subject to adjustment), no Additional Shares will be added
to the Conversion Rate. Notwithstanding the foregoing, in no event
will the total number of shares of Common Stock issuable upon conversion exceed 45.6413 per $1,000 principal amount
of Notes (subject to adjustment in the same manner as set forth in Section 7.03).

     (iii) The Share Prices set forth in the first row of the table in Schedule A hereto
(i.e., the column headers) shall be adjusted as of any date on which the Conversion Rate of
the Notes is adjusted. The adjusted Share Prices shall equal the Share Prices applicable
immediately prior to such adjustment, multiplied by a fraction, the numerator of which is
the Conversion Rate in effect immediately prior to the adjustment giving rise to the Share
Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The
number of Additional Shares within the table shall be adjusted in the same manner as the
Conversion Rate as set forth in Section 7.03 (other than by operation of an adjustment to
the Conversion Rate by adding Additional Shares).

     Section 7.02. Conversion Procedures.

     (a) Subject to Section 7.02(b) and Section 7.10, the Issuer will satisfy the Conversion
Obligation with respect to each $1,000 principal amount of Notes validly tendered for conversion in
cash, fully paid shares of Common Stock or a combination thereof, as applicable, by delivering, on
the third Trading Day immediately following the last day of the related Observation Period, cash,
shares of Common Stock or a combination thereof, as applicable, equal to the sum of the Daily
Settlement Amounts for each of the 20 Trading Days during the related Observation Period; provided
that (i) the

- 13 -

 

Issuer will deliver cash in lieu of fractional shares of Common Stock as set forth pursuant to
clause (l) below; and (ii)  if the Issuer elects to settle all or a portion of the Daily Share
Amount in cash as set forth in clause (k) below, the Issuer shall inform converting Noteholders by
notice to the Trustee no later than the Close of Business on the Business Day immediately preceding
the first scheduled Trading Day of the related Observation Period for such election to pay cash
upon conversion of the Notes and will specify in such notice the Cash Percentage as required in
clause (k) below. The Daily Settlement Amounts shall be determined by the Issuer promptly
following the last day of the Observation Period.

     (b) Notwithstanding Section 7.02(a) or 7.02(k), the Issuer shall satisfy the Conversion
Obligation with respect to each $1,000 principal amount of Notes tendered for conversion to which
Additional Shares shall be added to the Conversion Rate as a result of a Fundamental Change, as set
forth in Section 7.01(g) pursuant to this clause(b).

     (i) If the last day of the applicable Observation Period related to Notes surrendered
for conversion is prior to the third Trading Day preceding the Effective Date of such
Fundamental Change, the Issuer shall satisfy the related Conversion Obligation with respect
to each $1,000 principal amount of Notes tendered for conversion by delivering the amount of
cash, Common Stock or a combination thereof, as applicable (based on the Conversion Rate,
but without regard to the number of Additional Shares to be added to the Conversion Rate
pursuant to Section 7.01(g)) on the third Trading Day immediately following the last day of
the applicable Observation Period. As soon as practicable following the Effective Date of
such Fundamental Change, the Issuer shall deliver the increase in such amount of cash and
Reference Property deliverable in lieu of Common Stock, if any, as if the Conversion Rate
had been increased by such number of Additional Shares during the related Observation Period
(and based upon the related Closing Sale Prices during such Observation Period). If such
increased amount of cash and shares, if any, results in an increase to the amount of cash to
be paid to Noteholders, the Issuer shall pay such increase in cash, and if such increased
amount results in an increase to the number of shares of Common Stock, the Issuer shall
deliver such increase by delivering Reference Property based on such increased number of
shares.

     (ii) If the last day of the applicable Observation Period related to Notes surrendered
for conversion is on or following the third scheduled Trading Day preceding the Effective
Date of such Fundamental Change, the Issuer shall satisfy the Conversion Obligation with
respect to each $1,000 principal amount of Notes tendered for conversion as set forth in
Section 7.02(a) above (based on the Conversion Rate as increased by the Additional Shares
pursuant to Section 7.01(g) above) on the later to occur of (x) the Effective Date of the
Fundamental Change and (y) the third Trading Day immediately following the last day of the
applicable Observation Period.

     (c) Before any Noteholder shall be entitled to convert the same as set forth above, such
Noteholder shall (1) in the case of a Global Security, comply with the procedures of the Depositary
in effect at that time and, if required, pay funds equal to interest payable on the next Interest
Payment Date to which such Noteholder is not entitled as set forth in Section 4.01 and, if
required, pay all taxes or duties, if any, and (2) in the case of a Note that is a Registered
Security and not a Global Security, (a) complete and manually sign and deliver an irrevocable
written notice to the Conversion Agent in the form on the reverse of such certificated Note (or a
facsimile thereof) (a “Notice of Conversion”) at the office of the Conversion Agent and
shall state in writing therein the principal amount of Notes to be converted and the name or names
(with addresses) in which such holder wishes the certificate or certificates for any Common Stock,
if any, to be delivered upon settlement of the Conversion Obligation to be registered,
(b) surrender such Notes, duly endorsed to the Issuer or in blank (and accompanied by appropriate
endorsement and transfer documents), at the office of the Conversion Agent, (c) if required, pay
funds equal to interest payable on the next Interest Payment Date to which such holder is not
entitled as set forth

- 14 -

 

in Section 4.01, and (d) if required, pay all taxes or duties, if any. A Note shall be deemed
to have been converted on the day (the “Conversion Date”) that the Noteholder has complied
with the requirements set forth in this Section 7.02(c).

     No Notice of Conversion with respect to any Notes may be tendered by a Noteholder if such
Noteholder has also tendered a Put Right Repurchase Notice or a Fundamental Change Repurchase
Notice and not validly withdrawn such Put Right Repurchase Notice or Fundamental Change Repurchase
Notice in accordance with the applicable provisions of Section 8.01 or 8.02, as the case may be.

     If more than one Note shall be surrendered for conversion at one time by the same Noteholder,
the Conversion Obligation with respect to such Notes, if any, that shall be payable upon conversion
shall be computed on the basis of the aggregate principal amount of the Notes (or specified
portions thereof to the extent permitted thereby) so surrendered.

     (d) Delivery of the amounts owing in satisfaction of the Conversion Obligation shall be made
by the Issuer in no event later than the date specified in Section 7.02(a), except to the extent
specified in Section 7.02(b). The Issuer shall make such delivery by paying the cash amount owed
to the Conversion Agent or to the Holder of the Note surrendered for conversion, or such Holder’s
nominee or nominees, and by issuing, or causing to be issued, and delivering to the Conversion
Agent or to such Holder, or such Holder’s nominee or nominees, certificates or a book-entry
transfer through the Depositary for the number of full shares of Common Stock to which such Holder
shall be entitled as part of such Conversion Obligation (together with any cash in lieu of
fractional shares).

     (e) In case any Note shall be surrendered to the Trustee for partial conversion (along with,
if the Issuer or the Trustee so requires, due endorsements from such Holder, or written instruments
of transfer in form satisfactory to the Issuer and the Trustee duly executed by the Holder thereof
or his attorney-in-fact), the Issuer shall execute and the Trustee shall authenticate and deliver
to or upon the written order of the Holder of the Note so surrendered, without charge to such
Holder, a new Note or Notes containing identical terms and conditions to the Outstanding Notes in
authorized denominations in an aggregate principal amount equal to the unconverted portion of the
surrendered Note.

     (f) If a Noteholder submits a Note for conversion, the Issuer shall pay all documentary, stamp
and other duties, if any, which may be imposed by the United States or any political subdivision
thereof or taxing authority thereof or therein with respect to the issuance of Common Stock, if
any, upon the conversion. However, the Noteholder shall pay any such tax that is due because the
Noteholder requests any Common Stock to be issued in a name other than the Noteholder’s name. The
Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued
in a name other than the Noteholder’s name until the Trustee receives a sum sufficient to pay any
tax which will be due because the shares are to be issued in a name other than the Noteholder’s
name.

     (g) Except as provided in Section 7.03, no adjustment shall be made for dividends on any
shares of Common Stock issued upon the conversion of any Note as provided in this Article.

     (h) Upon the conversion of an interest in a Global Security, the Trustee shall make a notation
on such Global Security as to the reduction in the principal amount represented thereby. The
Issuer shall notify the Trustee in writing of any conversion of Notes effected through any
Conversion Agent other than the Trustee.

     (i) Upon conversion of Notes, a Noteholder will not receive any separate cash payment for
accrued and unpaid interest, except as set forth in Section 4.01 above. The Issuer’s settlement of
its Conversion Obligation as described above shall be deemed to satisfy its obligation to pay the
principal

- 15 -

 

amount of the Note and accrued and unpaid interest to, but not including, the Conversion Date.
As a result, except to the extent set forth in Section 4.01 above, accrued and unpaid interest to,
but not including, the Conversion Date shall be deemed to be paid in full rather than cancelled,
extinguished or forfeited.

     (j) The Person in whose name the certificate for any Common Stock issued upon conversion is
registered shall be treated as a holder of such Common Stock of record as of and after the
Conversion Date.

     (k) The Issuer may elect to pay cash to a Holder upon conversion of Notes in lieu of all or a
portion of the Daily Share Amount otherwise issuable to such Holder pursuant to Section 7.02(a).
In such event, on any day prior to the Business Day immediately preceding the first Trading Day of
the applicable Observation Period for such Notes, the Issuer shall specify a percentage of the
Daily Share Amount that shall be settled in cash (the “Cash Percentage”), and the amount of
cash that the Issuer shall pay in respect of each Trading Day in the applicable Observation Period
in lieu of such portion of the Daily Share Amount (and, for the avoidance of doubt, in addition to
the cash amount referred to in clause (i) of the definition of Daily Settlement Amount) will equal
the product of: (1) the Cash Percentage, (2) the Daily Share Amount for such Trading Day (assuming
no such election of a Cash Percentage) and (3) the Closing Sale Price for Common Stock for such
Trading Day (provided that after the consummation of a Fundamental Change in which the
consideration is comprised entirely of cash, the amount used in this clause (3) shall be the cash
price per share received by holders of the Common Stock in such Fundamental Change). The number of
shares of Common Stock that the Issuer shall deliver in respect of each Trading Day in the
applicable Observation Period will be a percentage of the Daily Share Amount equal to 100% minus
the Cash Percentage. Upon making such election that a percentage of the Daily Share Amount will be
settled in cash, the Issuer shall promptly notify Noteholders of such Cash Percentage by notifying
the Trustee (the “Cash Percentage Notice”) no later than the Business Day immediately
preceding the first Trading Day of the applicable Observation Period. If the Issuer does not
deliver a Cash Percentage Notice by the Close of Business on the Trading Day prior to the scheduled
first Trading Day of the applicable Observation Period, the Issuer shall settle 100% of the Daily
Share Amount for each Trading Day in the applicable Observation Period with Common Stock; provided,
however, that the Issuer shall pay cash in lieu of fractional shares otherwise issuable upon
conversion of Notes. The Issuer at its option, may revoke any Cash Percentage Notice by notifying
the Trustee; provided, that the Issuer shall revoke such notice by the Close of Business on the
Trading Day prior to the scheduled first Trading Day of the applicable Observation Period.

     (l) No fractional shares of Common Stock shall be issued upon conversion of any Note or Notes.
If more than one Note shall be surrendered for conversion at one time by the same Noteholder, the
number of full shares of Common Stock that shall be issued upon conversion thereof shall be
computed on the basis of the aggregate principal amount of the Notes (or specified portions
thereof) so surrendered. Instead of any fractional share of Common Stock that would otherwise be
issued upon conversion of any Note or Notes (or specified portions thereof), the Issuer shall pay a
cash adjustment in respect of such fraction (calculated to the nearest one-100th of a share) in an
amount equal to the same fraction of the Closing Sale Price of the Common Stock on the last day of
the applicable Observation Period.

     Section 7.03. Adjustment Of Conversion Rate. The Conversion Rate shall be adjusted from time
to time by the Issuer as follows, except that the Issuer shall not make any adjustments to the
Conversion Rate if Noteholders participate (based on the Conversion Rate then in effect), as a
result of holding the Notes, in any of the transactions described below without having to convert
the Notes:

     (a) If the Issuer shall exclusively issue Common Stock as a dividend or distribution to all
holders of the outstanding Common Stock, or shall effect a subdivision into a greater number of
shares of

- 16 -

 

Common Stock or combination into a lower number of shares of Common Stock, the Conversion Rate
shall be adjusted based on the following formula:

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect immediately prior to
the Ex-Dividend Date for such dividend or
distribution, or the effective date of such
subdivision or combination, as applicable;
	 
	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect immediately after
the Ex-Dividend Date for such dividend or
distribution, or the effective date of such
subdivision or combination, as applicable;
	 
	 	 	 	 	 	 
	 

	 	OS0
	 	=
	 	the number of shares of Common Stock outstanding
immediately prior to the Ex-Dividend Date for such
dividend or distribution, or the effective date of
such subdivision or combination, as applicable;
and
	 
	 	 	 	 	 	 
	 

	 	OS’
	 	=
	 	the number of shares of Common Stock outstanding
immediately after the Ex-Dividend Date for such
dividend or distribution, or the effective date of
such subdivision or combination, as applicable.

     Such adjustment shall become effective immediately after 9:00 a.m., New York City time, on the
Business Day following the Ex-Dividend Date for such dividend or distribution for such dividend or
distribution, or the effective date of such subdivision or combination, as applicable. If any
dividend or distribution of the type described in this Section 7.03(a) is declared but not so paid
or made, or the outstanding Common Stock is not subdivided or combined, as the case may be, the
Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors
determines not to pay such dividend or distribution, or subdivide or combine the outstanding shares
of Common Stock, as the case may be, to the Conversion Rate that would then be in effect if such
dividend, distribution, subdivision or combination had not been declared.

     (b) If the Issuer shall issue to all holders of its outstanding Common Stock rights, warrants
or convertible securities entitling them (for a period expiring within 60 calendar days after the
issuance thereof) to purchase Common Stock at a price per share less than the Closing Sale Price of
the Common Stock on the Trading Day immediately preceding the date of announcement of such
issuance, the Conversion Rate shall be adjusted based on the following formula:

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect immediately prior to
the Ex-Dividend Date for such issuance;

- 17 -

 

	 	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect immediately after
the Ex-Dividend Date for such issuance;
	 
	 	 	 	 	 	 
	 

	 	OS0
	 	=
	 	the number of shares Common Stock outstanding
immediately prior to the Ex-Dividend Date for such
issuance;
	 
	 	 	 	 	 	 
	 

	 	X
	 	=
	 	the total number of shares of Common Stock
issuable pursuant to such rights, warrants or
convertible securities; and
	 
	 	 	 	 	 	 
	 

	 	Y
	 	=
	 	the number of shares of Common Stock equal to the
aggregate price payable to exercise such rights,
warrants or convertible securities divided by the
average of the Closing Sale Prices of Common Stock
over the 10 consecutive Trading Day period ending
on the Business Day immediately preceding the
Record Date (or, if earlier, the Ex-Dividend Date)
for the issuance of such rights, warrants or
convertible securities.

     Such adjustment shall be successively made whenever any such rights, warrants or convertible
securities are issued and shall become effective immediately after 9:00 a.m., New York City time,
on the Business Day following the Record Date (or, if earlier, the Ex-Dividend Date). If such
rights, warrants or convertible securities are not so exercised prior to their expiration, the
Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if
such Record Date for such issuance had not been fixed.

     In determining whether any rights, warrants or convertible securities entitle the holders to
purchase Common Stock at less than such Closing Sale Price, and in determining the aggregate
offering price of such Common Stock, there shall be taken into account any consideration received
by the Issuer for such rights, warrants or convertible securities and any amount payable on
exercise or conversion thereof, the value of such consideration, if other than cash, to be
determined by the Board of Directors.

     (c) If the Issuer shall, by dividend or otherwise, distribute to all holders of its Common
Stock, capital stock, evidences of its indebtedness or other of its assets or property (including
cash and any combination of the foregoing, but excluding dividends, distributions, rights and
warrants covered by Section 7.03(a), Section 7.03(b) or Section 7.03(d) and distributions described
below in this paragraph (c) with respect to Spin-Offs) (any of such shares of beneficial interest,
indebtedness, or other asset or property hereinafter in this Section 7.03(c) called the
“Distributed Property”), then, in each such case the Conversion Rate shall be adjusted
based on the following formula:

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect immediately prior to
the Ex-Dividend Date for such distribution;
	 
	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect immediately after
the Ex-Dividend Date for such distribution;

- 18 -

 

	 	 	 	 	 	 	 
	 

	 	SP0
	 	=
	 	the average of the Closing Sale Prices of the
Common Stock over the 10 consecutive Trading Day
period ending on the Business Day immediately
preceding the Record Date for such distribution
(or, if earlier, the Ex-Dividend Date); and
	 
	 	 	 	 	 	 
	 

	 	FMV
	 	=
	 	the fair market value (as determined in good faith
by the Board of Directors) of the Distributed
Property distributed with respect to each
outstanding share of Common Stock on the Record
Date for such distribution (or, if earlier, the
Ex-Dividend Date).

     Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on
the Business Day following the Record Date (or, if earlier, the Ex-Dividend Date); provided that if
the then fair market value (as so determined) of the portion of the Distributed Property so
distributed applicable to one share of Common Stock is equal to or greater than SP0 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, for each $1,000 principal amount of Notes upon
conversion, the amount of Distributed Property 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. If such dividend or distribution is not so paid or made, the Conversion Rate shall again be
adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution
had not been declared. If the Board of Directors determines the fair market value of any
distribution for purposes of this Section 7.03(c) by reference to the actual or when-issued trading
market for any securities, it must in doing so consider the prices in such market over the same
period used in determining SP0 above.

     With respect to an adjustment pursuant to this Section 7.03(c) where there has been a payment
of a dividend or other distribution on the Common Stock of the Issuer, or on any class or series of
stock of or similar equity interest in or relating to a Subsidiary or other business unit thereof
(a “Spin-Off”), the Conversion Rate in effect immediately before 5:00 p.m., New York City
time, on the Record Date fixed for determination of shareholders entitled to receive the
distribution will be increased based on the following formula:

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect immediately prior
to the effective date of this adjustment;
	 
	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect immediately after
the effective date of this adjustment;
	 
	 	 	 	 	 	 
	 

	 	FMV0
	 	=
	 	the average of the Closing Sale Prices of capital
stock or similar equity interest distributed to
holders of Common Stock applicable to one share
of Common Stock over the first 10 consecutive
Trading Day period after the effective date of
the Spin-Off; and
	 
	 	 	 	 	 	 
	 

	 	MP0
	 	=
	 	the average of the Closing Sale Prices of Common
Stock over the first 10 consecutive Trading Day
period after the effective date of the Spin-Off.

     Such adjustment shall occur on the tenth Trading Day from, and including, the effective date
of the Spin-Off; provided that in respect of any conversion within the 10 Trading Days following
the effective date of any Spin-Off, references within this paragraph (c) to “10 consecutive Trading
Day” shall

- 19 -

 

be deemed replaced with such lesser number of Trading Days as have elapsed between the
effective date of such Spin-Off and the Conversion Date in determining the applicable Conversion
Rate.

     Rights or warrants distributed by the Issuer to all holders of Common Stock, entitling the
holders thereof to subscribe for or purchase shares of the Issuer’s equity interests, including
Common Stock (either initially or under certain circumstances), which rights or warrants, until the
occurrence of a specified event or events (“Trigger Event”): (i) are deemed to be
transferred with such 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
this Section 7.03(c) (and no adjustment to the Conversion Rate under this Section 7.03(c) will be
required) until the occurrence of the earliest Trigger Event, whereupon such rights 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 this Section 7.03(c). If any such right or warrant, including
any such existing rights or warrants distributed prior to the date of this Ninth Supplemental
Indenture, are subject to events, upon the occurrence of which such rights 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 distribution
and Record Date with respect to new rights or warrants with such rights (and a termination or
expiration of the existing rights or warrants without exercise by any of the holders thereof). In
addition, in the event of any distribution (or deemed distribution) of rights 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 this Section 7.03 was made, (1) in the case of any such rights 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 or warrants (assuming such holder had retained such rights 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 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 and warrants had not
been issued.

     For purposes of this Section 7.03(c), Section 7.03(a) and Section 7.03(b), any dividend or
distribution to which this Section 7.03(c) is applicable that also includes Common Stock to which
Section 7.03(a) applies or rights or warrants to subscribe for or purchase Common Stock to which
Section 7.03(b) applies (or both), shall be deemed instead to be (1) a dividend or distribution of
the evidences of indebtedness, assets or shares of equity interests other than such Common Stock or
rights or warrants to which Section 7.03(c) applies (and any Conversion Rate adjustment required by
this Section 7.03(c) with respect to such dividend or distribution shall then be made) immediately
followed by (2) a dividend or distribution of such Common Stock or such rights or warrants (and any
further Conversion Rate adjustment required by Section 7.03(a) and Section 7.03(b) with respect to
such dividend or distribution shall then be made), except (A) the Record Date of such dividend or
distribution shall be substituted as “the Record Date” and “the date fixed for such determination”
within the meaning of Section 7.03(a) and Section 7.03(b) and (B) any Common Stock included in such
dividend or distribution shall not be deemed “outstanding immediately prior to such event” within
the meaning of Section 7.03(a).

     (d) If the Issuer shall pay a dividend or make a distribution consisting exclusively of cash
to all holders of its Common Stock to the extent that the aggregate of all such cash dividends or
distributions paid in any calendar quarter (including such cash dividend or distributions) exceeds
the Dividend Threshold Amount for such quarter, the Conversion Rate shall be adjusted based on the
following formula:

- 20 -

 

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect immediately prior to
the Record Date for such distribution;
	 
	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect immediately after
the Record Date for such distribution;
	 
	 	 	 	 	 	 
	 

	 	SP0
	 	=
	 	the average of the Closing Sale Prices of the
Common Stock over the period of 10 consecutive
Trading Days ending on the Business Day
immediately preceding the Record Date for such
distribution (or, if earlier, the Ex-Dividend Date
relating to such distribution);
	 
	 	 	 	 	 	 
	 

	 	T
	 	=
	 	the dividend threshold amount (“Dividend Threshold
Amount”), which amount shall initially be $0.375
per share of Common Stock and which shall be
appropriately adjusted from time to time for any
share dividends on, or subdivisions or
combinations of, or any merger, consolidation,
reclassification of or other transactions relating
to, the Common Stock in each case where the number
of outstanding shares of Common Stock increases or
decreases, or is exchanged or converted into a
greater or lesser number of securities; provided
that if a Conversion Rate adjustment is required
to be made as a result of a distribution that is
not a quarterly dividend either in whole or in
part, the Dividend Threshold Amount shall be
deemed to be zero; and
	 
	 	 	 	 	 	 
	 

	 	C
	 	=
	 	the amount in cash per share that the Issuer
distributes to holders of Common Stock.

     Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on
the Business Day following the Record Date for such dividend or distribution; provided that if the
portion of the cash so distributed applicable to one share of Common Stock is equal to or greater
than SP0 above, in lieu of the foregoing adjustment, adequate provision shall be made so
that each Noteholder shall have the right to receive upon conversion of a Note (or any portion
thereof) 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. If such dividend or distribution is not
so paid or made, the Conversion Rate shall again be adjusted to be the Conversion Rate that would
then be in effect if such dividend or distribution had not been declared.

     For the avoidance of doubt, for purposes of this Section 7.03(d), in the event of any
reclassification of the Common Stock, as a result of which the Notes become convertible into more
than one class of Common Stock, if an adjustment to the Conversion Rate is required pursuant to
this Section 7.03(d), references in this Section to one share of Common Stock or Closing Sale Price
of one share of Common Stock shall be deemed to refer to a unit or to the price of a unit
consisting of the number of shares of each class of Common Stock into which the Notes are then
convertible equal to the number of shares of such class issued in respect of one share of Common
Stock in such reclassification. The above provisions of this paragraph shall similarly apply to
successive reclassifications.

     (e) If the Issuer or any of its Subsidiaries makes a payment in respect of a tender offer or
exchange offer for all or any portion of the Common Stock, to the extent that the cash and value of
any other consideration included in the payment per share of Common Stock exceeds the Closing Sale
Price of the Common Stock on the Trading Day next succeeding the last date on which tenders or
exchanges

- 21 -

 

may be made pursuant to such tender or exchange offer (as it may be amended), the Conversion
Rate shall be increased based on the following formula:

     

     where,

	 	 	 	 	 	 	 
	 

	 	CR0
	 	=
	 	the Conversion Rate in effect on the date such tender or exchange offer expires;
	 
	 	 	 	 	 	 
	 

	 	CR’
	 	=
	 	the Conversion Rate in effect on the day next succeeding the date such tender
or exchange offer expires;
	 
	 	 	 	 	 	 
	 

	 	AC
	 	=
	 	the aggregate value of all cash and any other consideration (as determined by
the Board of Directors) paid or payable for shares purchased in such tender or
exchange offer;
	 
	 	 	 	 	 	 
	 

	 	OS0
	 	=
	 	the number of shares of Common Stock outstanding immediately prior to the date
such tender or exchange offer expires;
	 
	 	 	 	 	 	 
	 

	 	OS’
	 	=
	 	the number of shares of Common Stock outstanding immediately after the date
such tender or exchange offer expires; and
	 
	 	 	 	 	 	 
	 

	 	SP’
	 	=
	 	the average of the Closing Sale Prices of Common Stock over the 10 consecutive
Trading Day period commencing on the Trading Day next succeeding the date such
tender or exchange offer expires.

     If, however, the application of the foregoing formula (including as adjusted by the next
succeeding sentence) would result in a decrease in the Conversion Rate, no adjustment will be made.
Such adjustment shall occur on the tenth Trading Day from, and including, the Trading Day next
succeeding the date such tender offer or exchange offer expires; provided that in respect of any
conversion within the 10 Trading Days following the Trading Day next succeeding the date such
tender offer or exchange offer expires, the reference within this paragraph (e) to “10 consecutive
Trading Days” shall be deemed replaced with such lower number of Trading Days as have elapsed
between the Trading Day next succeeding the date such tender offer or exchange offer expires and
the Conversion Date in determining the applicable Conversion Rate.

     If the Issuer is obligated to purchase shares pursuant to any such tender or exchange offer,
but the Issuer is permanently prevented by applicable law from effecting all or any such purchases
or all or any portion of such purchases are rescinded, the Conversion Rate shall again be adjusted
to be the Conversion Rate that would then be in effect if such tender or exchange offer had not
been made or had only been made in respect of the purchases that had been effected.

     (f) In addition to the adjustments required by clauses (a), (b), (c), (d), and (e) of this
Section 7.03, and to the extent permitted by applicable law and subject to the applicable rules of
the New York Stock Exchange, the Issuer from time to time may increase the Conversion Rate by any
amount for a period of at least 20 days if the Board of Directors determines that such increase
would be in the Issuer’s best interest. In addition, the Issuer may also (but is not required to)
increase the Conversion Rate to avoid or diminish any income tax to holders of Common Stock or
rights to purchase Common Stock in connection with any dividend or distribution of shares (or
rights to acquire shares) or similar event. Whenever the Conversion Rate is increased pursuant to
the preceding sentence, the Issuer shall mail to

- 22 -

 

the Holder of each Note at his last address appearing on the Security Register a notice of the
increase at least five calendar 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.

     (g) All calculations and other determinations under this Article 7 shall be made by the Issuer
and shall be made to the nearest cent or to the nearest 0.001 of a share, as the case may be.

     (h) No adjustment shall be made for the Issuer’s issuance of Common Stock or any securities
convertible into or exchangeable for Common Stock, or the right to purchase Common Stock or such
convertible or exchangeable securities, other than as provided in this Section 7.03.

     (i) No adjustment shall be made to the Conversion Rate unless such adjustment would require a
change of at least 1% in the Conversion Rate then in effect at such time. The Issuer shall carry
forward any adjustments that are less than 1% of the Conversion Rate and take into account any such
carried forward amount in any future adjustments and upon any call of the Notes for redemption.

     (j) Whenever the Conversion Rate is adjusted as herein provided, the Issuer shall promptly
file with the Trustee and any Conversion Agent other than the Trustee an Officers’ Certificate
setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the
facts requiring such adjustment. The Trustee and Conversion Agent may conclusively rely on the
accuracy of the Conversion Rate adjustment provided by the Issuer. Unless and until a Responsible
Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be
deemed to have knowledge of any adjustment of the Conversion Rate and may assume without inquiry
that the last Conversion Rate of which it has knowledge is still in effect. Promptly after
delivery of such certificate, the Issuer shall prepare a notice of such adjustment of the
Conversion Rate setting forth the adjusted Conversion Rate and the date on which each adjustment
becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the
Holder of each Note at his last address appearing on the Security Register, within 30 calendar days
of the effective date of such adjustment. Failure to deliver such notice shall not affect the
legality or validity of any such adjustment.

     (k) For purposes of this Section 7.03, the number of shares of Common Stock at any time
outstanding shall not include shares held in the treasury of the Issuer, if any, but shall include
shares issuable in respect of strip certificates issued in lieu of fractional shares of Common
Stock.

     Section 7.04. Sufficient Shares To Be Delivered. To the extent the Issuer elects to deliver
Common Stock, and subject to Section 7.02(k), the Issuer shall provide, free from preemptive
rights, sufficient Common Stock to provide for conversion of the Notes from time to time as such
Notes are presented for conversion.

     Section 7.05. Effect Of Reclassification, Consolidation, Merger Or Sale. If any of the
following events occur, namely (i) any reclassification of the outstanding 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 split, subdivision or combination), (ii) any consolidation, merger or combination of
the Issuer with another Person, or (iii) any sale or conveyance of all or substantially all of the
property and assets of the Issuer to any other Person, in either case as a result of which holders
of Common Stock shall be entitled to receive cash, securities or other property or assets with
respect to or in exchange for such Common Stock (any such event a “Merger Event”), then:

     (a) the Issuer 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) providing for the conversion and
settlement of the

- 23 -

 

Notes as set forth in this Ninth Supplemental Indenture. Such supplemental indenture shall
provide for adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article, and the Trustee may conclusively rely on the
determination by the Issuer of the equivalency of such adjustments.

     If, in the case of any Merger Event, the Reference Property includes shares of stock or other
securities and assets of a corporation other than the successor or purchasing corporation, as the
case may be, in such Merger Event, then such supplemental indenture shall also be executed by such
other corporation and shall contain such additional provisions to protect the interests of the
Noteholders 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 8 herein.

     In the event the Issuer shall execute a supplemental indenture pursuant to this Section 7.05,
the Issuer shall file with the Trustee an Officers’ Certificate briefly stating the kind or amount
of cash, securities or property or asset that will constitute the Reference Property after any such
Merger Event, any adjustment to be made with respect thereto, and the Trustee shall promptly mail
notice thereof to all Noteholders.

     (b) Notwithstanding the provisions of Section 7.02(a) and Section 7.02(b), and subject to the
provisions of Section 7.01, at the effective time of such Merger Event, the right to convert each
$1,000 principal amount of Notes will be changed to a right to convert such Note by reference to
the kind and amount of cash, securities or other property or assets that a holder of a number of
shares of Common Stock equal to the Conversion Rate immediately prior to such transaction would
have owned or been entitled to receive (the “Reference Property”) such that from and after
the effective time of such transaction, a Noteholder will be entitled thereafter to convert its
Notes into cash (up to the aggregate principal amount thereof) and the same type (and in the same
proportion) of Reference Property, based on the Daily Settlement Amounts of Reference Property in
an amount equal to the applicable Conversion Rate, as described under Section 7.02(a) or Section
7.02(b), as applicable. For purposes of determining the constitution of Reference Property, the
type and amount of consideration that a holder of Common Stock would have been entitled to in the
case of reclassifications, consolidations, mergers, sales or conveyance of assets or other
transactions that cause the Common Stock to be converted into the right to receive more than a
single type of consideration (determined based in part upon any form of shareholder election) shall
be deemed to be the weighted average of the types and amounts of consideration received by the
holders of Common Stock that affirmatively make such an election. The Issuer shall not become a
party to any such transaction unless its terms are consistent with the preceding. None of the
foregoing provisions shall affect the right of a Noteholder to convert its Notes in accordance with
the provisions of this Article 7 prior to the effective time of such Merger Event.

     (c) The Issuer shall cause notice of the execution of such supplemental indenture to be mailed
to each Noteholder, at his address appearing on the Security Register, within 30 calendar days
after execution thereof. Failure to deliver such notice shall not affect the legality or validity
of such supplemental indenture.

     (d) The above provisions of this Section shall similarly apply to successive Merger Events.

     Section 7.06. Certain Covenants. The Issuer covenants that all Common Stock delivered upon
conversion of Notes will be fully paid and non-assessable by the Issuer and free from all taxes,
liens and changes with respect to the issue thereof.

- 24 -

 

     Section 7.07. Responsibility Of Trustee. The Trustee and any other Conversion Agent shall
not at any time be under any duty or responsibility to any Noteholder to determine the Conversion
Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with
respect to the nature or extent or calculation of any such adjustment when made, or with respect to
the method employed, or herein or in any supplemental indenture provided to be employed, in making
the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the
validity or value (or the kind or amount) of any Common Stock, or of any securities or property,
which may at any time be issued or delivered upon the conversion of any Note; and the Trustee and
any other Conversion Agent make no representations with respect thereto. Neither the Trustee nor
any Conversion Agent shall be responsible for any failure of the Issuer to transfer or deliver any
Common Stock or certificates therefor or other securities or property or cash upon the surrender of
any Note for the purpose of conversion or to comply with any of the duties, responsibilities or
covenants of the Issuer contained in this Article.

     Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent
shall be under any responsibility to determine the correctness of any provisions contained in any
supplemental indenture entered into pursuant to Section 7.05 relating either to the kind or amount
of shares of stock or securities or property (including cash) receivable by Noteholders upon the
conversion of their Notes after any event referred to in such Section 7.05 or to any adjustment to
be made with respect thereto, but, subject to the provisions of Article 6 of the Original
Indenture, may accept as conclusive evidence of the correctness of any such provisions, and shall
be protected in relying upon, the Officers’ Certificate with respect thereto.

     Section 7.08. Notice To Noteholders Prior To Certain Actions.

     In case:

     (a) the Issuer shall declare a dividend (or any other distribution) on its Common Stock that
would require an adjustment in the Conversion Rate pursuant to Section 7.03;

     (b) the Issuer shall authorize the granting to all of the holders of its Common Stock of
rights or warrants to subscribe for or purchase any share of any class or any other rights or
warrants;

     (c) of any reclassification of the Common Stock (other than a subdivision or combination of
outstanding Common Stock, or a change in par value, or from par value to no par value, or from no
par value to par value), or of any consolidation or merger to which the Issuer is a party and for
which approval of any shareholders of the Issuer is required, or of the sale or transfer of all or
substantially all of the assets of the Issuer; or

     (d) of the voluntary or involuntary dissolution, liquidation or winding-up of the Issuer,

     the Issuer shall cause to be filed with the Trustee and to be mailed to each Noteholder at his
address appearing on the Security Register as promptly as possible but in any event at least 25
scheduled Trading Days prior to the applicable date specified in clause (x) or (y) below, as the
case may be, a notice stating (x) the date on which a record is to be taken for the purpose of such
dividend, distribution or rights or warrants, or, if a record is not to be taken, the date as of
which the holders of Common Stock of record to be entitled to such dividend, distribution or rights
are to be determined, or (y) the date on which such reclassification, consolidation, merger, sale,
transfer, dissolution, liquidation or winding-up is expected to become effective or occur, and the
date as of which it is expected that holders of Common Stock of record shall be entitled to
conversion their Common Stock for securities or other property deliverable upon such
reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up.
Failure to

- 25 -

 

give such notice, or any defect therein, shall not affect the legality or validity of such
dividend, distribution, reclassification, consolidation, merger, sale, transfer, dissolution,
liquidation or winding-up.

     Section 7.09. Shareholder Rights Plans. Upon conversion of the Notes, the Noteholders shall
receive, in addition to any Common Stock issuable upon such conversion, the associated rights
issued under any shareholder rights plan that the Issuer adopts. If, and only if, the Noteholders
receive rights under such shareholder rights plans as described in the preceding sentence upon
conversion of their Notes, then no other adjustment pursuant to this Article 7 shall be made in
connection with such shareholder rights plans.

     Section 7.10. Ownership Limit. Notwithstanding any other provision of this Ninth
Supplemental Indenture or the Notes, no Noteholder shall be entitled to convert such Notes for
shares of Common Stock to the extent that receipt of such shares would cause such Noteholder
(together with such Noteholder’s affiliates) to exceed the applicable ownership limit contained in
the articles of incorporation of the Issuer as then in effect.

ARTICLE 8

Repurchase Of Notes At Option Of Holders

     Section 8.01. Repurchase Of Notes At Option Of The Noteholder On Specified Dates.

     (a) The provisions of Article XIII of the Original Indenture shall not be applicable to the
Notes. This Article 8 shall apply in lieu thereof.

     (b) At the option of the Holder thereof, Notes shall be repurchased by the Issuer in
accordance with the provisions of the Notes on June 17, 2013, June 15, 2018 or June 15, 2023 (each,
a “Put Right Repurchase Date”) at a repurchase price per Note equal to 100% of the
aggregate principal amount of the Notes being repurchased, together with any accrued and unpaid
interest up to, but not including, such Put Right Repurchase Date (the “Put Right Repurchase
Price”).

     Repurchases of Notes by the Issuer pursuant to this Section 8.01 shall be made, at the option
of the Holder thereof, upon:

     (i) delivery to the Trustee (or other Paying Agent appointed by the Issuer) by the
Noteholder of a written notice of purchase (a “Put Right Repurchase Notice”) in the
form set forth on the reverse of the Note at any time from the opening of business on the
date that is 25 Business Days prior to the applicable Put Right Repurchase Date until the
Close of Business on the fifth Business Day prior to such Put Right Repurchase Date stating:

     (A) if certificated, the certificate numbers of the Notes to be delivered for
repurchase;

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

     (C) that the Notes are to be repurchased as of the applicable Put Right
Repurchase Date pursuant to the terms and conditions specified in the Notes and in
this Ninth Supplemental Indenture; and

- 26 -

 

     (ii) delivery of such Note to the Paying Agent prior to, on or after the Put Right
Repurchase Date (together with all necessary endorsements) at the offices of the Paying
Agent, such delivery being a condition to receipt by the Noteholder of the Put Right
Repurchase Price therefor, which shall be so paid pursuant to this Section 8.01 only if the
Note so delivered to the Paying Agent shall conform in all respects to the description
thereof in the related Put Right Repurchase Notice, as determined by the Issuer.

     The Issuer shall repurchase from the Holder thereof, pursuant to this Section 8.01, 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 Ninth Supplemental 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 Issuer contemplated pursuant to the provisions of this Section 8.01
shall be consummated by the delivery of the consideration to be received by the Noteholder promptly
following the later of the Put Right Repurchase Date and the time of delivery of the Note.

     The Trustee (or other Paying Agent appointed by the Issuer) shall promptly notify the Issuer
of the receipt by it of any Put Right Repurchase Notice or written notice of withdrawal thereof in
accordance with the provisions of Section 8.01(e).

     Any Note that is to be repurchased only in part shall be surrendered to the Trustee (with, if
the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in
form satisfactory to the Issuer and the Trustee duly executed by the Holder thereof or his attorney
duly authorized in writing), and the Issuer shall execute, and the Trustee shall authenticate and
make available for delivery to the Holder of such Note without service charge, a new Note or Notes,
containing identical terms and conditions, each in an authorized denomination in aggregate
principal amount equal to and in exchange for the unrepurchased portion of the principal of the
Note so surrendered.

     (c) In connection with any purchase of Notes pursuant to this Section 8.01, the Issuer shall
give written notice of the Put Right Repurchase Date to the Noteholders (the “Issuer Put Right
Notice”).

     The Issuer Put Right Notice shall be sent by first-class mail to the Trustee and to each
Noteholder (and to each beneficial owner as required by applicable law) on or before 25 Business
Days prior to the applicable Put Right Repurchase Date (the “Issuer Put Right Notice
Date”). Simultaneously with providing such Issuer Put Right Notice, the Issuer shall
disseminate a press release through Dow Jones & Company, Inc., Bloomberg Business News or PR
Newswire containing the information included therein or publish such information in a newspaper of
general circulation in The City of New York or publish such information on the Issuer’s website or
through such other public medium as the Issuer may use at such time. Each Issuer Put Right Notice
shall include a form of Put Right Repurchase Notice to be completed by a Noteholder and shall
state:

     (i) the Put Right Repurchase Price and the Conversion Price;

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

     (iii) that Notes as to which a Put Right Repurchase Notice has been given may be
converted in accordance with Article 7 only if the applicable Put Right Repurchase Notice
has been withdrawn in accordance with the terms of this Ninth Supplemental Indenture;

     (iv) that Notes must be surrendered to the Paying Agent to collect payment;

- 27 -

 

     (v) that the Put Right Repurchase Price for any Note as to which a Put Right Repurchase
Notice has been given and not withdrawn will be paid promptly following the later of the Put
Right Repurchase Date and the time of surrender of such Note as described in subclause (iv)
above;

     (vi) the procedures the Noteholder must follow to exercise rights under this Section;

     (vii) the procedures for withdrawing a Put Right Repurchase Notice (including pursuant
to the terms of Section 8.01(e));

     (viii) that, unless the Issuer defaults in making payment on Notes for which a Put
Right Repurchase Notice has been submitted, interest on the Notes in respect of which a Put
Right Repurchase Notice has been delivered and not withdrawn will accrue to, but not
include, the Put Right Repurchase Date; and

     (ix) the CUSIP number of the Notes.

     If any of the Notes are to be redeemed in the form of a Global Note, the Issuer shall modify
such notice to the extent necessary to accord with the procedures of the Depositary applicable to
redemptions.

     At the Issuer’s request, the Trustee shall give such Issuer Put Right Notice in the Issuer’s
name and at the Issuer’s expense; provided, however, that, in all cases, the text of such Issuer
Put Right Notice shall be prepared by the Issuer.

     (d) Upon receipt by the Trustee (or other Paying Agent appointed by the Issuer) of the Put
Right Repurchase Notice specified in Section 8.01(b)(i), the Holder of the Note in respect of which
such Put Right Repurchase Notice was given shall (unless such Put Right Repurchase Notice is
withdrawn as specified in Section 8.01(e)) thereafter be entitled to receive solely the Put Right
Repurchase Price with respect to such Note. Such Put Right Repurchase Price shall be paid to such
Holder, subject to receipt of funds by the Paying Agent, promptly following the later of (x) the
Put Right Repurchase Date with respect to such Note (provided the conditions in Section 8.01(b)
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 8.01(b)(i). Notes in respect of which a Put Right
Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article 8
on or after the date of the delivery of such Put Right Repurchase Notice, unless such Put Right
Repurchase Notice has first been validly withdrawn as specified in Section 8.01(e).

     (e) A Put Right Repurchase Notice may be withdrawn by means of a written notice of withdrawal
delivered to the office of the Paying Agent in accordance with the Put Right Repurchase Notice at
any time prior to 10:00 a.m. (New York City time) on the Business Day prior to the Put Right
Repurchase Date specifying:

     (i) The name of the holder;

     (ii) if certificated Notes have been issued, the certificate numbers of the withdrawn
Notes;

     (iii) the principal amount of the Notes with respect to which such notice of withdrawal
is being submitted; and

- 28 -

 

     (iv) the principal amount, if any, of such Notes that remains subject to the original
Put Right Repurchase Notice, which portion must be in principal amounts of $1,000 or an
integral multiple of $1,000;

     provided, however, that if the Notes are not in certificated form, the notice must comply with
appropriate procedures of the Depositary.

     A written notice of withdrawal of a Put Right Repurchase Notice shall be in the form set forth
in the preceding paragraph.

     Upon receipt of a written notice of withdrawal, the Paying Agent shall promptly return to the
Holders thereof any Notes in respect of which a Put Right Repurchase Notice has been withdrawn in
accordance with the provisions of this Section 8.01(e).

     (f) There
shall be no repurchase of any Notes pursuant to this Section 8.01. if there has occurred (prior to, on or after, as the case may be, the giving, by the Holders
of such Notes, of the required Put Right Repurchase Notice) and is continuing an Event of Default
with respect to the Notes (other than a default in the payment of the Put Right Repurchase Price
with respect to such Notes). The Paying Agent will promptly return to the respective Holders
thereof any Notes held by it during the continuance of an Event of Default with respect to Notes
(other than a default in the payment of the Put Right Repurchase Price with respect to such Notes),
in which case, upon such return, the Put Right Repurchase Notice with respect thereto shall be
deemed to have been withdrawn.

     (g) Prior to 2:00 p.m. (New York City time) on the Put Right Repurchase Date, the Issuer shall
deposit with the Trustee (or other Paying Agent appointed by the Issuer or if the Issuer is acting
as its own Paying Agent, set aside, segregate and hold in trust in accordance with the terms of the
Original Indenture as modified by this Ninth Supplemental Indenture) an amount (in immediately
available funds if deposited on such Business Day) sufficient to pay the aggregate Put Right
Repurchase Price of all the Notes or portions thereof which are to be purchased as of the Put Right
Repurchase Date. The manner in which the deposit required by this
Section 8.01 (g) is made by the Issuer shall be
at the option of the Issuer; provided that such deposit shall be made in a manner such that the
Trustee or a Paying Agent shall have immediately available funds on the Put Right Repurchase Date.

     If the Trustee (or other Paying Agent appointed by the Issuer) holds, in accordance with the
terms hereof, money sufficient to pay the Put Right Repurchase Price of any Note, then, on the Put
Right Repurchase Date, such Note will cease to be Outstanding, interest on such Notes will cease to
accrue and the rights of the Holder in respect thereof shall terminate (other than the right to
receive the Put Right Repurchase Price as aforesaid).

     To the extent that the aggregate amount of
cash deposited by the Issuer pursuant to this Section 8.1 (g) exceeds the aggregate Put Right Repurchase Price of the Notes or portions thereof that the Issuer
is obligated to purchase, then promptly after the Put Right Repurchase Date, but in no event later
than one Business Day after such date, the Trustee or a Paying Agent, as the case may be, shall
return any such excess cash to the Issuer.

     (h) To the extent legally required in connection with a repurchase of Notes under this Section
8.01, the Issuer will comply with the provisions of Rule 13e-4 and other tender offer rules under
the Exchange Act then applicable, if any, and will file a Schedule TO or any other schedule
required under the Exchange Act.

- 29 -

 

     (i) The Issuer may arrange for a third party to purchase any Notes for which it receives a Put
Right Repurchase Notice in accordance with Section 8.01(b) above that is not withdrawn pursuant to
Section 8.01(e). If a third party purchases any Notes, interest will continue to accrue on such
Notes and the Notes will continue to be Outstanding after the Put Right Repurchase Date and will be
fungible with all other Notes then Outstanding.

     Section 8.02. Repurchase At Option Of Noteholders Upon A Fundamental Change.

     (a) If a Fundamental Change occurs at any time, then each Noteholder shall have the right, at
such Noteholder’s option, to require the Issuer to repurchase all of such Noteholder’s Notes or any
portion thereof that is a multiple of $1,000 principal amount, for cash on the date (the
“Fundamental Change Repurchase Date”) specified by the Issuer that is not less than 15
days and not more than 30 days after the date of the Fundamental Change Issuer
Notice (as defined below) at a repurchase price equal to 100% of the principal amount thereof,
together with accrued and unpaid interest thereon to, but excluding, the Fundamental Change
Repurchase Date (the “Fundamental Change Repurchase Price”).

     Repurchases
of Notes under this Section 8.02 shall be made, at the option of the Holder thereof, upon:

     (i) delivery to the Trustee (or other Paying Agent appointed by the Issuer) by a
Noteholder of a duly completed notice (the “Fundamental Change Repurchase Notice”)
in the form set forth on the reverse of the Note prior to 10:00 a.m., (New York City time) on
the Business Day prior to the Fundamental Change Repurchase Date; and

     (ii) delivery or book-entry transfer of the Notes to the Trustee (or other Paying Agent
appointed by the Issuer) at any time after delivery of the Fundamental Change Repurchase
Notice (together with all necessary endorsements) at the Corporate Trust Office of the
Trustee (or other Paying Agent appointed by the Issuer), such delivery being a condition to
receipt by the Noteholder of the Fundamental Change Repurchase Price therefor; provided that
such Fundamental Change Repurchase Price shall be so paid pursuant to
this Section 8.02 only if the
Note so delivered to the Trustee (or other Paying Agent appointed by the Issuer) shall
conform in all respects to the description thereof in the related Fundamental Change
Repurchase Notice. The Fundamental Change Repurchase Notice shall state:

     (A) if certificated, the certificate numbers of Notes to be delivered for
repurchase;

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

     (C) that the Notes are to be repurchased by the Issuer pursuant to the
applicable provisions of the Notes and this Ninth Supplemental Indenture.

     Any
repurchase by the Issuer contemplated pursuant to the provisions of this Section 8.02 shall be
consummated by the delivery of the consideration to be received by the Noteholder promptly
following the later of the Fundamental Change Repurchase Date and the time of the book-entry
transfer or delivery of the Note.

- 30 -

 

     The
Trustee (or other Paying Agent appointed by the Issuer)
shall promptly notify the Issuer
of the receipt by it of any Fundamental Change Repurchase Notice or written notice of withdrawal
thereof in accordance with the provisions of Section 8.02(c).

     Any Note that is to be repurchased only in part shall be surrendered to the Trustee (with, if
the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in
form satisfactory to the Issuer and the Trustee duly executed by the Holder thereof or his attorney
duly authorized in writing), and the Issuer shall execute, and the Trustee shall authenticate and
make available for delivery to the Holder of such Note without service charge, a new Note or Notes,
containing identical terms and conditions, each in an authorized denomination in aggregate
principal amount equal to and in exchange for the unrepurchased portion of the principal of the
Note so surrendered.

     (b) On or before the twentieth day after the occurrence of any Fundamental Change, the Issuer
shall provide to all Noteholders of record and the Trustee and Paying Agent a notice (the
“Fundamental Change Issuer Notice”) of the occurrence of such Fundamental Change and of the
repurchase right at the option of the Noteholders arising as a result thereof. Such mailing shall
be by first-class mail. Simultaneously with providing such Fundamental Change Issuer Notice, the
Issuer shall disseminate a press release through Dow Jones & Company, Inc., Bloomberg Business News
or PR Newswire containing the information included therein or publish such information in a
newspaper of general circulation in The City of New York or publish such information on the
Issuer’s web site or through such other public medium as the Issuer may use at such time.

     Each Fundamental Change Issuer Notice shall specify:

     (i) the events causing the Fundamental Change;

     (ii) the date of the Fundamental Change;

     (iii) that the Noteholder must exercise the repurchase right by delivering to the
Trustee on or prior to 10:00 a.m. (New York City time), on the Business Day prior to the
Fundamental Change Repurchase Date the Fundamental Change Repurchase Notice;

     (iv) the Fundamental Change Repurchase Price;

     (v) the Fundamental Change Repurchase Date;

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

     (vii) the applicable Conversion Rate and any adjustments to the applicable Conversion
Rate;

     (viii) that the Notes with respect to which a Fundamental Change Repurchase Notice has
been delivered by a Noteholder may be converted only if the Noteholder withdraws the
Fundamental Change Repurchase Notice in accordance with the terms of this Ninth Supplemental
Indenture; and

     (ix) the procedures that Noteholders must follow to require the Issuer to repurchase
their Notes.

- 31 -

 

     No failure of the Issuer to give the foregoing notices and no defect therein shall limit the
Noteholders’ repurchase rights or affect the validity of the proceedings for the repurchase of the
Notes pursuant to this Section 8.02.

     (c) A Fundamental Change Repurchase Notice may be withdrawn by means of a written notice of
withdrawal delivered to the Paying Agent in accordance with the Fundamental Change Issuer Notice at
any time prior to 10:00 a.m. (New York City time) on the Business Day prior to the Fundamental Change
Repurchase Date, specifying:

     (i) The name of the holder;

     (ii) the principal amount of the Notes with respect to which such notice of withdrawal
is being submitted;

     (iii) if certificated Notes have been issued, the certificate numbers of the withdrawn
Notes; and

     (iv) the principal amount, if any, of such Notes that remains subject to the original
Fundamental Change Repurchase Notice, which portion must be in principal amounts of $1,000
or an integral multiple of $1,000;

     provided, however, that if the Notes are not in certificated form, the notice must comply with
appropriate procedures of the Depositary.

     (d) On or prior to 2:00 p.m. (New York City time) on the second Business Day following the
Fundamental Change Repurchase Date, the Issuer shall deposit with the Trustee (or other Paying
Agent appointed by the Issuer or if the Issuer is acting as its own Paying Agent, set aside,
segregate and hold in trust in accordance with the Original Indenture) an amount of money
sufficient to repurchase on the Fundamental Change Repurchase Date all of the Notes to be
repurchased on such date at the Fundamental Change Repurchase Price. Subject to receipt of funds
and/or Notes by the Trustee (or other Paying Agent appointed by the Issuer), payment for Notes
surrendered for repurchase (and not withdrawn) prior to the Close of Business on the Fundamental
Change Repurchase Date will be made promptly after the later of (x) the Fundamental Change
Repurchase Date with respect to such Note (provided the Noteholder has satisfied the conditions to
the payment of the Fundamental Change Repurchase Price in Section 8.02), and (y) the time of book-entry
transfer or the delivery of such Note to the Trustee (or other Paying Agent appointed by the
Issuer) by the Holder thereof in the manner required by Section 8.02 by mailing checks for the amount payable
to the Holders of such Notes entitled thereto as they shall appear in the Security Register,
provided, however, that payments to the Depositary shall be made by wire transfer of immediately
available funds to the account of the Depositary or its nominee. The Trustee shall, promptly after
such payment and upon written demand by the Issuer, but in no event later than one Business Day
after the receipt of such written demand, return to the Issuer any funds in excess of the
Fundamental Change Repurchase Price.

     (e) If the Trustee (or other Paying Agent appointed by the Issuer) holds money or securities
sufficient to repurchase on the Fundamental Change Repurchase Date all the Notes or portions
thereof that are to be purchased as of the second Business Day following the Fundamental Change
Repurchase Date, then on and after the Fundamental Change Repurchase Date (i) such Notes will cease
to be Outstanding, (ii) interest will cease to accrue on such Notes, and (iii) all other rights of
the Holders of such Notes will terminate, whether or not book-entry transfer of the Notes has been
made or the Notes have been delivered to the Trustee or Paying Agent, other than the right to
receive the Fundamental Change Repurchase Price upon delivery of the Notes.

- 32 -

 

     (f) To the extent legally required in connection with a repurchase of Notes under this Section
8.02, the Issuer will comply with the provisions of Rule 13e-4 and other tender offer rules under
the Exchange Act then applicable, if any, and will file a Schedule TO or any other schedule
required under the Exchange Act.

     (g) The Issuer may arrange for a third party to purchase any Notes for which it receives a
Fundamental Change Repurchase Notice in accordance with Section 8.02(a) that is not withdrawn
pursuant to Section 8.02(c). If a third party purchases any Notes, interest will continue to
accrue on such Notes and the Notes will continue to be Outstanding after the Fundamental Change
Repurchase Date and will be fungible with all other Notes then Outstanding.

ARTICLE 9

Consolidation, Merger, Sale, Lease Or Conveyance

     Section 9.01. Certain Conditions. The Issuer may consolidate with, or sell, lease or convey
all or substantially all of its assets to, or merge with or into any other entity, provided that in
each case, the Issuer shall meet the conditions set forth in Section 8.1 of the Original Indenture
and, in addition, (a) the successor entity (if not the Company), or the entity to whom all or
substantially all the Issuer’s assets are sold or leased, is organized in the U.S. or any political
subdivision thereof and (b) as a result of such transaction, if the Notes become convertible into
common stock or other securities issued by a third party, and such third party assumes or fully and
unconditionally guarantees all obligations under the Notes and this Ninth Supplemental Indenture.

ARTICLE 10

Miscellaneous Provisions

     Section 10.01. Ratification Of Original Indenture. Except as expressly modified or amended
hereby, the Original Indenture, as modified by any supplemental indenture entered into prior to the
date hereof (which are not applicable to the Notes), continues in full force and effect and is in
all respects confirmed, ratified and preserved.

     Section 10.02. Provisions Binding On Issuer’s Successors. All the covenants, stipulations,
promises and agreements of the Issuer contained in this Ninth Supplemental Indenture shall bind its
successors and assigns whether so expressed or not.

     Section 10.03. Official Acts By Successor Corporation. Any act or proceeding by any
provision of this Ninth Supplemental Indenture authorized or required to be done or performed by
any board, committee, trustee or officer of the Issuer shall and may be done and performed with
like force and effect by the like board, committee, trustee or officer of any corporation, trust or
other entity that shall at the time be the lawful sole successor of the Issuer.

     Section 10.04. Governing Law. THIS NINTH SUPPLEMENTAL INDENTURE AND EACH NOTE ISSUED
PURSUANT HERETO SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND
FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     Section 10.05. Evidence Of Compliance With Conditions Precedent; Certificates And Opinions Of
Counsel To Trustee. Upon any application or demand by the Issuer to the Trustee to take any action

- 33 -

 

under any of the provisions of the Original Indenture or this Ninth Supplemental Indenture, except
for the written demand required pursuant to Section 8.02(d) hereof, the Issuer shall furnish to the
Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in the
Original Indenture or this Ninth Supplemental Indenture relating to the proposed action have been
complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent have been complied with.

     Each certificate or opinion provided for by or on behalf of the Issuer in the Original
Indenture or this Ninth Supplemental Indenture and delivered to the Trustee with respect to
compliance with a condition or covenant provided for in the Original Indenture or this Ninth
Supplemental Indenture shall include (i) a statement that the person making such certificate or
opinion has read such covenant or condition; (ii) a brief statement as to the nature and scope of
the examination or investigation upon which the statement or opinion contained in such certificate
or opinion is based; (iii) a statement that, in the opinion of such person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to
whether or not such covenant or condition has been complied with; and (iv) a statement as to
whether or not, in the opinion of such person, such condition or covenant has been complied with.

     Section 10.06. Non Business Day. Section 1.12 of the Original Indenture shall also apply to
any Fundamental Change Repurchase Date, Put Right Repurchase Date or Conversion Date in respect of
the Notes.

     Section 10.07. No Security Interest Created. Nothing in the Original Indenture or this Ninth
Supplemental Indenture or in the Notes, expressed or implied, shall be construed to constitute a
security interest under the Uniform Commercial Code or similar legislation, as now or hereafter
enacted and in effect, in any jurisdiction.

     Section 10.08. Benefits Of Indenture. Nothing in this Ninth Supplemental Indenture or in the
Notes, expressed or implied, shall give to any person, other than the parties hereto, any Paying
Agent, any Authenticating Agent, any Security Registrar and their successors hereunder, the
Noteholders, any benefit or any legal or equitable right, remedy or claim under the Original
Indenture or this Ninth Supplemental Indenture.

     Section 10.09. Table Of Contents, Headings, Etc.. The table of contents and the titles and
headings of the articles and sections of this Ninth Supplemental Indenture have been inserted for
convenience of reference only, are not to be considered a part hereof, and shall in no way modify
or restrict any of the terms or provisions hereof.

     Section 10.10. Execution In Counterparts. This Ninth Supplemental Indenture may be executed
in any number of counterparts, each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

     Section 10.11. Trustee. The Trustee makes no representations as to the validity or
sufficiency of this Ninth Supplemental Indenture. The statements and recitals herein are deemed to
be those of the Issuer and not of the Trustee.

     Section 10.12. Further Instruments And Acts. Upon request of the Trustee, the Issuer will
execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purposes of the Original Indenture or this
Ninth Supplemental Indenture.

- 34 -

 

     Section 10.13. Waiver Of Jury Trial. EACH OF THE ISSUER AND THE TRUSTEE HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE ORIGINAL INDENTURE OR THIS NINTH
SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

     Section 10.14. Force Majeure. In no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder arising out of or caused by,
directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

     Section 10.15. Calculations. Except as explicitly specified otherwise in the Original
Indenture or the Ninth Supplemental Indenture, the Issuer shall be responsible for making all
calculations required under the Note. The Issuer shall make all such calculations in good faith
and, absent manifest error, such calculations shall be final and binding on Noteholders. The Issuer
shall provide a schedule of its calculations to the Trustee, and the Trustee is entitled to rely
upon the accuracy of such calculations without independent verification. The Trustee shall forward
the Issuer’s calculations to any Noteholder upon request of such Noteholder.

- 35 -

 

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

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	NATIONAL RETAIL PROPERTIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:

Title:
	 	 
 

Kevin B. Habicht
Executive Vice President, Chief Financial Officer, Assistant Secretary, and Treasurer
	 	 
	 
	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,

as Trustee, as aforesaid	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

	 	 

 

 

SCHEDULE A

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Effective Price
	Effective Date	 	$21.91	 	$23.00	 	$25.00	 	$27.00	 	$29.00	 	$31.00	 	$33.00	 	$35.00
	 
	March 4, 2008
	 	6.2954
	 	5.0430
	 	3.1972
	 	1.8709
	 	0.9502
	 	0.3519
	 	0.0386
	 	0.0000
	June 15, 2009
	 	6.2954
	 	5.2951
	 	3.3703
	 	1.9850
	 	1.0170
	 	0.3803
	 	0.0401
	 	0.0000
	June 15, 2010
	 	6.2954
	 	5.4004
	 	3.4101
	 	1.9893
	 	1.0061
	 	0.3676
	 	0.0339
	 	0.0000
	June 15, 2011
	 	6.2954
	 	5.3677
	 	3.3029
	 	1.8584
	 	0.8849
	 	0.2781
	 	0.0000
	 	0.0000
	June 15, 2012
	 	6.2954
	 	5.0521
	 	2.8753
	 	1.4354
	 	0.5452
	 	0.0776
	 	0.0000
	 	0.0000
	June 17, 2013
	 	6.2954
	 	4.1324
	 	0.6962
	 	0.0000
	 	0.0000
	 	0.0000
	 	0.0000
	 	0.0000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]