Document:

Exhibit 4.3 - Form of Global Note

		
			Exhibit 4.3
		

		
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			Green Plains Inc.
		

		
			as Issuer
		

		
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			2.25% CONVERTIBLE SENIOR NOTES DUE 2027
		

		
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			FIRST SUPPLEMENTAL INDENTURE
		

		
			Dated as of March 1, 2021
		

		
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			Wilmington trust, National Association
		

		
			as Trustee
		

		
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		TABLE OF CONTENTS
		

		
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			 DEFINITIONS AND INCORPORATION BY REFERENCE; SCOPE AND INTERPRETATION OF BASE INDENTURE1
		

		
			﻿Definitions1
		

		
			﻿Other Definitions9
		

		
			﻿Rules of Construction11
		

		
			﻿Interpretation; Scope of Supplemental Indenture; Supersession of Base Indenture.11
		

		
			﻿Acts of Holders12
		

		
			﻿ THE NOTES13
		

		
			﻿Designation, Amount and Issuance of Notes13
		

		
			﻿Form of Notes14
		

		
			﻿Denomination of Notes15
		

		
			﻿Payments15
		

		
			﻿Execution and Authentication18
		

		
			﻿Registrar, Paying Agent and Conversion Agent19
		

		
			﻿Money and Securities Held in Trust20
		

		
			﻿Holder Lists21
		

		
			﻿Transfer and Exchange21
		

		
			﻿Replacement Notes25
		

		
			﻿Temporary Notes25
		

		
			﻿Cancellation26
		

		
			﻿Outstanding Notes26
		

		
			﻿Persons Deemed Owners26
		

		
			﻿Repurchases26
		

		
			﻿CUSIPs26
		

		
			﻿ REPURCHASE AT THE OPTION OF THE HOLDER27
		

		
			﻿Fundamental Change Permits Holders to Require the Company to Repurchase the Notes27
		

		
			﻿Fundamental Change Notice27
		

		
			﻿Fundamental Change Repurchase Notice29
		

		
			﻿Withdrawal of Fundamental Change Repurchase Notice30
		

		
			﻿Effect of Fundamental Change Repurchase Notice31
		

		
			﻿Notes Repurchased in Part32
		

		
			﻿Covenant to Comply With Securities laws Upon Repurchase of Notes32
		

		
			﻿Deposit of Fundamental Change Repurchase Price32
		

		
			﻿Covenant Not to Repurchase Notes Upon Certain Events of Default32
		

		

		

		 

		

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		﻿ COVENANTS33
		

		
			﻿Payment of Notes.33
		

		
			﻿Reports33
		

		
			﻿Compliance Certificate34
		

		
			﻿Restriction on Purchases by the Company and by Affiliates of the Company34
		

		
			﻿Taxes34
		

		
			﻿Corporate Existence34
		

		
			﻿Par Value Limitation.35
		

		
			﻿Stay, Extension and Usury Laws35
		

		
			﻿Further Instruments and Acts35
		

		
			﻿ CONSOLIDATION, MERGER AND SALE OF ASSETS35
		

		
			﻿Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms35
		

		
			﻿Successor Substituted36
		

		
			﻿ DEFAULTS AND REMEDIES36
		

		
			﻿Events of Default36
		

		
			﻿Acceleration38
		

		
			﻿Other Remedies38
		

		
			﻿Sole Remedy for Failure to Report39
		

		
			﻿Waiver of Past Defaults40
		

		
			﻿Control by Majority40
		

		
			﻿Limitation on Suits40
		

		
			﻿Rights of Holders To Receive Payment41
		

		
			﻿Collection Suit by Trustee41
		

		
			﻿Trustee May File Proofs of Claim41
		

		
			﻿Priorities42
		

		
			﻿Undertaking for Costs42
		

		
			﻿ TRUSTEE42
		

		
			﻿Duties of Trustee42
		

		
			﻿Rights of Trustee43
		

		
			﻿Individual Rights of Trustee44
		

		
			﻿Trustee’s Disclaimer45
		

		
			﻿Notice of Defaults45
		

		
			﻿Compensation and Indemnity45
		

		
			﻿Replacement of Trustee46
		

		
			﻿Successor Trustee by Merger47
		

		
			﻿Eligibility; Disqualification47
		

		
			﻿Trustee’s Application for Instructions from the Company47
		

		
			﻿ SATISFACTION AND DISCHARGE48
		

		

		

		 

		

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		﻿Discharge of Liability on Notes48
		

		
			﻿Repayment to the Company48
		

		
			﻿ AMENDMENTS, SUPPLEMENTS AND WAIVERS48
		

		
			﻿Without Consent of Holders48
		

		
			﻿With Consent of Holders49
		

		
			﻿Execution of Supplemental Indentures50
		

		
			﻿Notices of Supplemental Indentures50
		

		
			﻿Effect of Supplemental Indentures51
		

		
			﻿Revocation and Effect of Consents, Waivers and Actions51
		

		
			﻿Notation on, or Exchange of, Notes51
		

		
			﻿ CONVERSIONS51
		

		
			﻿Right To Convert51
		

		
			﻿Conversion Procedures54
		

		
			﻿Settlement Upon Conversion.56
		

		
			﻿Common Stock Issued Upon Conversion.58
		

		
			﻿Adjustment of Conversion Rate59
		

		
			﻿Voluntary Adjustments68
		

		
			﻿Adjustments Upon a Make-Whole Fundamental Change69
		

		
			﻿Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale70
		

		
			﻿No Responsibility of Trustee or Conversion Agent73
		

		
			﻿ REDEMPTION AT THE OPTION OF THE COMPANY73
		

		
			﻿No Sinking Fund73
		

		
			﻿Right To Redeem the Notes.73
		

		
			﻿Redemption Notice.74
		

		
			﻿Effect of Redemption Notice75
		

		
			﻿Deposit of Redemption Price75
		

		
			﻿Effect of Deposit75
		

		
			﻿Covenant Not to Redeem Notes Upon Certain Events of Default76
		

		
			﻿Repayment to the Company76
		

		
			﻿ MISCELLANEOUS76
		

		
			﻿Trust Indenture Act Controls76
		

		
			﻿Notices76
		

		
			﻿Certificate and Opinion as to Conditions Precedent77
		

		
			﻿Statements Required in Certificate or Opinion78
		

		
			﻿Separability Clause78
		

		
			﻿Rules by Trustee78
		

		
			﻿No Personal Liability of Directors, Officers, Employees and Stockholders.78
		

		
			﻿Governing Law and Waiver of Jury Trial78
		

		

		

		 

		

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		﻿No Recourse Against Others79
		

		
			﻿Calculations79
		

		
			﻿Successors79
		

		
			﻿Multiple Originals79
		

		
			﻿Table of Contents; Headings79
		

		
			﻿Force Majeure80
		

		
			﻿Submission to Jurisdiction80
		

		
			﻿Legal Holidays80
		

		
			﻿No Security Interest Created80
		

		
			﻿Benefits of Indenture80
		

		
			﻿Tax Withholding80
		

		
			﻿U.S.A. Patriot Act80
		

		
			
		

		
			Form of Note.............................................................................................................................A-1
		

		
			Form of Transfer Certificate.............................................................................................................B-1
		

		
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		FIRST SUPPLEMENTAL INDENTURE, dated as of March 1, 2021, between Green Plains Inc., an Iowa corporation (“Company”), and Wilmington Trust, National Association, a national banking association, as trustee (“Trustee”), to the Base Indenture (as defined below).
		

		
			This Supplemental Indenture (as defined below) is being executed and delivered pursuant to Article II of the Base Indenture to establish the terms, and provide for the issuance, of a new series of Securities (as defined in the Base Indenture) constituting the Company’s 2.25% Convertible Senior Notes due 2027 (the “Notes”).
		

		
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			Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders (as defined below) of the Notes:
		

			
	
			
				Article 1
			
DEFINITIONS AND INCORPORATION BY REFERENCE; SCOPE AND INTERPRETATION OF BASE INDENTURE

Section 1.01     Definitions
		
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			Subject to the last paragraph of Section 1.03, capitalized terms used in this Supplemental Indenture without definition have the respective meanings ascribed to them in the Base Indenture. For purposes of the Notes, the following additional definitions will apply and supersede any conflicting definitions in the Base Indenture.
		

		
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			“Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person.  For the purposes of this definition, “control,” when used with respect to any specified Person, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
		

		
			“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary for such Note, in each case to the extent applicable to such transfer or transaction and as in effect from time to time.
		

		
			“Bankruptcy Law” means Title 11, United States Code, or any similar U.S. federal, state or non-U.S. law for the relief of debtors.
		

		
			“Base Indenture” means that certain Indenture, dated as of March 1, 2021,  between the Company and the Trustee.
		

		
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			“Bid Solicitation Agent” means the Person who shall solicit and obtain bids for the Trading Price in accordance with Section 10.01(b)(ii) and the definition of Trading Price set forth herein.  The initial Bid Solicitation Agent shall be the Company,  and the Company shall have the right to thereafter appoint any other Person to be the Bid Solicitation Agent without prior notice.
		

		

		

		 

		

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		“Board of Directors” means the board of directors of the Company or a committee of such board duly authorized to act for it.
		

		
			“Board Resolution” means a copy of one or more resolutions certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.
		

		
			“Business Day” means any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York or the place of payment is authorized or required by law or executive order to close or be closed.
		

		
			“Capital Stock” means, for any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of, or interests in (however designated), the equity of such Person, but excluding any debt securities convertible into such equity.
		

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

		
			“Common Stock” means the shares of the common stock of the Company, par value $0.001 per share, or any other shares of Capital Stock of the Company into which such shares of common stock will be reclassified or changed.
		

		
			“Company” means the party named as such in the first paragraph of this Supplemental Indenture until a successor or assignee replaces it pursuant to the applicable provisions hereof and, thereafter, means the successor or assignee.
		

		
			“Company Order” means a written request or order signed in the name of the Company by any Officer.
		

		
			“Conversion Price” means, at any time, (i) $1,000 divided by (ii) the Conversion Rate in effect at such time.
		

		
			“Conversion Rate” means, initially, 31.6206 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as provided herein.
		

		
			“Corporate Trust Office” means the corporate trust office of the Trustee at which the trust created by this Indenture will be administered, which office, as of the Issue Date, is located at Wilmington Trust, National Association, Global Capital Markets, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attention: Green Plains Inc. Administrator, and may later be located at such other address as the Trustee, upon delivering notice to the Holders, the Paying Agent, the Conversion Agent, the Registrar and the Company, designates.
		

		
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			“Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.
		

		
			“Daily Conversion Value” means, for any Trading Day, (1) the product (x) the Conversion Rate in effect immediately after the Close of Business on such Trading Day and (y) the Daily VWAP on such Trading Day, divided by (2) twenty five (25).
		

		

		

		 

		

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		“Daily Settlement Amount” means, with respect to each of the 25 consecutive Trading Days during an Observation Period for a conversion of any Notes,  (i) cash equal to the lesser of (x) the Specified Dollar Amount applicable to such conversion, divided by twenty five (25) (such quotient, the “Daily Measurement Value”); and (y) the Daily Conversion Value on such Trading Day (the lesser of such preceding clauses (x) and (y), the “Daily Cash Amount”); and (ii) if such Daily Conversion Value exceeds such Daily Measurement Value, a number of shares of Common Stock (such number, the “Daily Share Amount”) equal to (x) the difference between such Daily Conversion Value and such Daily Measurement Value, divided by  (y) the Daily VWAP for such Trading Day.
		

		
			“Daily VWAP” means, for any Trading Day, the per share volume-weighted average price per share of Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg page “GPRE <equity> AQR” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume-weighted average price is unavailable, the market value of one share of Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company).  The Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.
		

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

		
			“Default Settlement Method” will initially be Combination Settlement with a specified dollar amount per $1,000 principal amount of Notes equal to $1,000; provided,  however, that the Company may, from time to time, change the Default Settlement Method by sending written notice of the new Default Settlement Method to Holders, with a copy to the Trustee and the Conversion Agent.
		

		
			“Deferral Exception” means the provisions set forth in Section 10.05(l).
		

		
			“Definitive Notes” means Notes that are in registered definitive form.
		

		
			“Depositary” means DTC; provided that the Company may at any time, upon delivering notice to the Holders, the Company, the Trustee, the Registrar, the Paying Agent and the Conversion Agent, appoint a successor Depositary.
		

		
			“DTC” means The Depository Trust Company.
		

		
			“Exchange Act” means the Securities Exchange Act of 1934, as amended.
		

			
	
			
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			“Fundamental Change” means an event that will be deemed to occur if any of the following occurs:

			
	
			
				 (i)
			a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than the Company, its Subsidiaries, and the Company and its Subsidiaries’ employee benefit plans, has become the direct or indirect “beneficial owner” (as defined below) of shares of 
		

		 

		

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			the Company’s common equity representing more than 50% of the voting power of the Company’s common equity;

			
	
			
				 (ii)
			the consummation of:

		
			any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the Company and its Subsidiaries, taken as a whole, to any person; or
		

		
			any transaction or series of related transactions in connection with which (whether by means of exchange, liquidation, consolidation, merger, combination, reclassification, recapitalization, acquisition or otherwise) all of the Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, other property, assets or cash;  provided,  however, that any merger, consolidation, share exchange or combination of the Company pursuant to which the persons that “beneficially owned” (as defined below), directly or indirectly, the shares of the Company’s Voting Stock immediately prior to such transaction beneficially own, directly or indirectly, immediately after such transaction, shares of the Voting Stock of the surviving, continuing or acquiring corporation, or the parent thereof, representing more than 50% of the total outstanding voting power of all outstanding classes of Voting Stock of the surviving, continuing or acquiring corporation, or the parent thereof, as applicable, in substantially the same proportions vis-à-vis each other as immediately prior to such transaction, will not constitute a Fundamental Change pursuant to this clause (ii);
		

			
	
			
				 (iii)
			the Company’s stockholders approve any plan or proposal for the liquidation or dissolution of the Company; or

			
	
			
				 (iv)
			the Common Stock ceases to be listed or quoted on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors).

			
	
			
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			Notwithstanding anything to the contrary in the preceding sentence, a transaction or event described in clause (ii) above will not constitute a Fundamental Change if at least 90% of the consideration received or to be received by the holders of the Common Stock, excluding cash payments for fractional shares or dissenters rights in connection with the transaction or transactions, consists of shares of common stock traded on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors) or which will be so traded or quoted when issued or exchanged in connection with such transaction or event and as a result of such transaction or event, the Notes become convertible or exchangeable (assuming Physical Settlement) solely into such consideration (excluding cash payable in lieu of any fractional share) in accordance with Section 10.08 hereof.

			
	
			
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			For the purposes of this definition of “Fundamental Change,” any transaction or event that constitutes a Fundamental Change under both clause (i) and clause (ii) above (without giving effect to the proviso in clause (ii)(II) above) will be deemed to occur solely under clause (ii)  above (subject to such proviso).    For the purposes of this definition of “Fundamental Change,” whether 
		

		 

		

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			a person is a “beneficial owner”  or whether shares are “beneficially owned”  will be determined in accordance with Rule 13d-3 under the Exchange Act.

		
			“Global Note” means a permanent global note that is in the form of the Note attached hereto as Exhibit A and that is registered in the name of the Depositary or the nominee of the Depositary and deposited with the Depositary, the nominee of the Depositary or a custodian appointed by the Depositary or the nominee of the Depositary.
		

		
			“Global Notes Legend” means the legend identified as such in Exhibit A hereto.
		

		
			“Holder” or “Holders” means a Person or Persons in whose name a Note is registered in the Register.
		

		
			“Indenture” means the Base Indenture, as amended by this Supplemental Indenture, and as the same may be further amended or supplemented from time to time in accordance with the terms hereof.
		

		
			“Issue Date” means March 1, 2021.
		

		
			“Last Reported Sale Price” of the Common Stock on any date means the closing sale or trading price (or, if no closing sale or trading price is reported, the average of the last bid and ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices) per share of the Common Stock on such date as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is traded.  If the Common Stock is not listed for trading on a U.S. national or regional securities exchange on such date, the “Last Reported Sale Price” of the Common Stock will be the last quoted bid price per share for the Common Stock in the over-the-counter market on such date as reported by OTC Markets Group Inc. or a similar organization.  If the Common Stock is not so quoted, the “Last Reported Sale Price” will be the average of the mid-point of the last bid and ask prices per share for the Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose.
		

		
			“Market Disruption Event” means, (i) for purposes of determining whether the Notes will be convertible pursuant to Section 10.01(b), the occurrence or existence during the one-half hour period ending on the scheduled close of trading on the principal U.S. national or regional securities exchange on which the Common Stock is listed for trading of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options contracts or future contracts relating to the Common Stock; and (ii) for purposes of determining any Observation Period,  (A) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (B) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options, contracts or future contracts relating to the Common Stock.
		

		

		

		 

		

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		“Notes” means any of the Company’s 2.25% Convertible Senior Notes due 2027 issued under the Indenture.
		

		
			“Observation Period” means, with respect to any Note surrendered for conversion, (i) subject to clause (ii) below, if the Conversion Date for such conversion is before the twenty eighth (28th)  Scheduled Trading Day immediately before the Maturity Date, the twenty five (25) consecutive Trading Days beginning on, and including, the second Trading Day after such Conversion Date; (ii) if such Conversion Date occurs on or after the date the Company has sent a Redemption Notice pursuant to Section 11.03 and before the related Redemption Date, the twenty five (25) consecutive Trading Days beginning on, and including, the twenty sixth (26th) Scheduled Trading Day immediately preceding such Redemption Date; and (iii) subject to clause (ii) above, if such Conversion Date occurs on or after the twenty eighth (28th)  Scheduled Trading Day immediately before the Maturity Date, the twenty five (25) consecutive Trading Days beginning on, and including, the twenty sixth (26th) Scheduled Trading Day immediately preceding the Maturity Date.
		

		
			“Officer” means the Chairman of the Board, the Vice Chairman, the Chief Executive Officer, the President, the Chief Financial Officer, any Executive Vice President, any Senior Vice President, any Vice President, the Chief Legal Officer, the Administration Officer, the Treasurer or the Secretary of the Company.
		

		
			“Officers’ Certificate” means a written certificate containing the information specified in Sections 12.03 and 12.04 hereof, signed in the name of the Company by any two Officers, and delivered to the Trustee;  provided, that, if such certificate is given pursuant to Section 4.03 hereof, (i) one of the Officers signing such certificate must be the principal financial or accounting officer of the Company and (ii) such certificate need not contain the information specified in Sections 12.03 and 12.04 hereof.
		

		
			“Open of Business” means 9:00 a.m., New York City time.
		

		
			“Opinion of Counsel” means a written opinion containing the information specified in Sections 12.03 and 12.04 hereof, from legal counsel.  The counsel may be an employee of, or counsel to, the Company who is reasonably satisfactory to the Trustee.
		

		
			“Option” means the option of the Underwriters, pursuant to Section 3(b) of the Underwriting Agreement, to purchase up to $30,000,000 aggregate principal amount of additional Notes from the Company.
		

		
			“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof.
		

		
			“Preliminary Prospectus Supplement” means the Preliminary Prospectus Supplement relating to the offering of the Notes dated February 24, 2021.
		

		
			“Pricing Term Sheet” means the Pricing Term Sheet attached to the Underwriting Agreement as Schedule II thereto.
		

		

		

		 

		

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		“Rule 144” means Rule 144 under the Securities Act (or any successor provision), as it may be amended from time to time.
		

		
			“Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading;  provided,  however, that if  the Common Stock is not so listed or admitted for trading, then “Scheduled Trading day” means a Business Day.
		

		
			“SEC” means the Securities and Exchange Commission.
		

		
			“Securities Act” means the Securities Act of 1933, as amended.
		

		
			“Settlement Method” means Cash Settlement, Physical Settlement or Combination Settlement.
		

		
			“Significant Subsidiary” means any Subsidiary that is a “significant subsidiary” of the Company within the meaning of Rule 1-02(w) of Regulation S-X promulgated under the Exchange Act.
		

		
			“Specified Dollar Amount” means, with respect to the conversion of any Note with respect to which Combination Settlement applies, the maximum cash amount per $1,000 principal amount of such Note being converted to be received upon such conversion (excluding cash in lieu of any fractional share of Common Stock), as specified in the notice specifying the Company’s elected Settlement Method for such conversion or as deemed to be so specified pursuant to Section 10.03(a)(i).
		

		
			“Stock Price” means, for any Make-Whole Fundamental Change, (i) if the holders of the Common Stock receive only cash in consideration for their shares of Common Stock in such Make-Whole Fundamental Change and such Make-Whole Fundamental Change is of the type described in clause (ii) of the definition of Fundamental Change, the amount of cash paid per share of the Common Stock in such Make-Whole Fundamental Change, and (ii) otherwise, the average of the Last Reported Sales Price of the Common Stock over the five consecutive Trading Days ending on, and including, the Trading Day immediately preceding the Make-Whole Fundamental Change Effective Date for such Make-Whole Fundamental Change.
		

		
			“Subsidiary” means a Person more than 50% of the outstanding Voting Stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries of the Company, or by the Company and one or more other Subsidiaries of the Company.
		

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

		
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			“TIA” means the Trust Indenture Act of 1939 as in effect on the Issue Date; provided,  however, that if the TIA is amended after such date, TIA means, to the extent required by any such amendment, the TIA as so amended.
		

		
			“Trading Day” means a day on which (i) trading in the Common Stock (or other security for which a closing sale price must be determined) generally occurs on The Nasdaq Global Select 
		

		 

		

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		Market or, if the Common Stock (or such other security) is not then listed on The Nasdaq Global Select Market, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such other security) is then listed or admitted for trading; (ii) there is no Market Disruption Event; and (iii) a closing price for the Common Stock (or such other security) is available on such securities exchange;  provided,  however, that if  the Common Stock (or such other security) is not so listed or traded, then “Trading Day” means a Business Day;  provided,  further, that, notwithstanding the foregoing, solely for purposes of determining the Conversion Consideration due upon any conversion of a Note,  (x) “Trading Day” means a day on which (A) there is no Market Disruption Event and (B) trading in the Common Stock generally occurs on The Nasdaq Global Select Market or, if the Common Stock is not then listed on The Nasdaq Global Select Market, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then listed or admitted for trading; and (y) if  the Common Stock is not so listed or admitted for trading, “Trading Day” means a Business Day.
		

		
			“Trading Price” means, with respect to the Notes on any date of determination, the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $2.0 million principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Company;  provided,  however, that if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two (2) bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used.  If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $2.0 million principal amount of the Notes from a nationally recognized securities dealer on any Trading Day, then the Trading Price per $1,000 principal amount of the Notes on such Trading Day will be deemed to be less than ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate on such Trading Day.  If (x) the Company is not acting as Bid Solicitation Agent, and the Company does not, when the Company is required to, instruct the Bid Solicitation Agent in writing to obtain bids, or if the Company gives such written instruction to the Bid Solicitation Agent, and the Bid Solicitation Agent fails to make such determination or (y) the Company is acting as Bid Solicitation Agent, and the Company fails to make such determination, then, in either case, the Trading Price per $1,000 principal amount of Notes will be deemed to be less than ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate on each Trading Day of such failure.
		

		
			“Transfer Agent” means, initially, Computershare Trust Company, N.A., in its capacity as the transfer agent for the transfer agent for the Common Stock, and any successor entity acting in such capacity.
		

		
			“Trust Officer” means any officer within the corporate trust department of the Trustee (or any successor group of the Trustee) with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter hereunder, any other officer of the Trustee to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject.
		

		

		

		 

		

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		“Trustee” means the party named as the “Trustee” in the first paragraph of this Supplemental Indenture until a successor replaces it pursuant to the applicable provisions of the Indenture and, thereafter, means such successor.  The foregoing sentence will likewise apply to any such subsequent successor or successors.
		

		
			“Underwriters” means Jefferies LLC,  BofA Securities, Inc.,  BMO Capital Markets Corp. and Truist Securities, Inc.
		

		
			“Underwriting Agreement” means the underwriting agreement, dated February 24, 2021, between the Company and the Underwriters.
		

		
			“Uniform Commercial Code” means the New York Uniform Commercial Code as in effect on the Issue Date.
		

		
			“Voting Stock” of a Person means Capital Stock of such Person of the class or classes pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time Capital Stock of any other class or classes will have or might have voting power by reason of the happening of any contingency).
		
Section 1.02     Other Definitions
		
			.
		

			
					
						﻿

					
					
						 

				
	
					
						Term Section:

					
					
						Defined in:

				
	
					
						“Act”

					
					
						1.05

				
	
					
						“Additional Shares”

					
					
						10.07(a)

				
	
					
						“Agent Members”  

					
					
						2.02(c)

				
	
					
						“Averaging Period”

					
					
						10.05(e)

				
	
					
						“Cash Settlement”

					
					
						10.03(a)

				
	
					
						“Combination Settlement”

					
					
						10.03(a)

				
	
					
						“Common Stock Change Event”

					
					
						10.08(a)

				
	
					
						“Conversion Agent”

					
					
						2.06(a)

				
	
					
						“Conversion Consideration”

					
					
						10.03(a)(ii)

				
	
					
						“Conversion Date”  

					
					
						10.02(a)

				
	
					
						“Conversion Notice”

					
					
						10.02(a)

				
	
					
						“Defaulted Amount”

					
					
						2.04(d)

				
	
					
						“Default Interest”  

					
					
						2.04(d)

				
	
					
						“Effective Date”

					
					
						10.05(m)

				
	
					
						“Event of Default”

					
					
						6.01(a)

				
	
					
						“Ex-Dividend Date”

					
					
						10.05(m)

				
	
					
						“Expiration Time”

					
					
						10.05(e)

				
	
					
						“Extension Fee”

					
					
						6.04(a)

				
	
					
						“Fundamental Change Notice”

					
					
						3.02(a)

				
	
					
						“Fundamental Change Notice Date”

					
					
						3.02(a)

				
	
					
						“Fundamental Change Repurchase Date”

					
					
						3.01(c)

				
	
					
						“Fundamental Change Repurchase Notice”

					
					
						3.03(a)(A)

				
	
					
						“Fundamental Change Repurchase Price”

					
					
						3.01(b)

				
	
					
						“Interest Payment Date”

					
					
						2.04(a)

				

		 

		

			-  9  -

		

 

			
					
						“Make-Whole Fundamental Change”

					
					
						10.07(a)

				
	
					
						“Make-Whole Fundamental Change Effective Date”

					
					
						10.07(b)

				
	
					
						“Maturity Date”

					
					
						2.04(a)

				
	
					
						“Measurement Period”

					
					
						10.01(b)(ii)

				
	
					
						“Multi-Clause Distribution”

					
					
						10.05(c)

				
	
					
						“Paying Agent”

					
					
						2.06(a)

				
	
					
						“Physical Settlement”

					
					
						10.03(a)

				
	
					
						“Redemption”

					
					
						11.02(a)

				
	
					
						“Redemption Date”

					
					
						11.02(c)

				
	
					
						“Redemption Notice”

					
					
						11.03

				
	
					
						“Redemption Notice Date”

					
					
						11.03

				
	
					
						“Redemption Price”

					
					
						11.02(b)

				
	
					
						“Reference Property”

					
					
						10.08(a)

				
	
					
						“Reference Property Unit”

					
					
						10.08(a)

				
	
					
						“Register”

					
					
						2.06(a)

				
	
					
						“Registrar”

					
					
						2.06(a)

				
	
					
						“Regular Record Date”

					
					
						2.04(a)

				
	
					
						“Reorganization Event”

					
					
						5.01

				
	
					
						“Reorganization Successor Corporation”

					
					
						5.01(a)(ii)

				
	
					
						“Reporting Event of Default”

					
					
						6.04(a)

				
	
					
						“Special Regular Record Date”

					
					
						2.04(d)(i)

				
	
					
						“Spin-Off”

					
					
						10.05(c)

				
	
					
						“Successor Person”

					
					
						10.08(a)

				
	
					
						“Temporary Notes”

					
					
						2.11

				
	
					
						“Trading Price Condition”

					
					
						10.01(b)(ii)

				
	
					
						“Valuation Period”

					
					
						10.05(c)

				

		
			﻿
		
Section 1.03     Rules of Construction
		
			.
		

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

		
			(2)an accounting term not otherwise defined has the meaning assigned to it and will be construed in accordance with U.S. generally accepted accounting principles;
		

		
			(3)“or” is not exclusive;
		

		
			(4)“including” means including, without limitation;
		

		
			(5)words in the singular include the plural, and words in the plural include the singular, unless the context requires otherwise;
		

		
			(6)all references to $, dollars, cash payments or money refer to United States currency;
		

		

		

		 

		

			-  10  -

		

 

		(7)each Article, Section, clause or paragraph reference in this Supplemental Indenture refers to the referenced Article, Section, clause or paragraph, as applicable, of this Supplemental Indenture;
		

		
			(8)unless the context requires otherwise, all references to interest on the Notes (a) will include any Extension Fee payable pursuant to Section 6.04 hereof, (b) but, for the avoidance of doubt, will not include any Default Interest payable on a Defaulted Amount pursuant to the terms of Section 2.04 hereof; and 
		

		
			(9)unless otherwise provided in this Indenture or in any Note, the words “execute”, “execution”, “signed”, and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Note or any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) will be deemed to include electronic signatures and the keeping of records in electronic form, each of which will be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions Act, provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee pursuant to reasonable procedures approved by the Trustee.
		

		
			﻿
		

		
			For purposes of the Indenture, the following terms of the Trust Indenture Act have the following meanings:
		

		
			﻿
		

		
			(i)“Commission” means the SEC;
		

		
			﻿
		

		
			(ii)“indenture securities” means the Notes;
		

		
			﻿
		

		
			(iii)“indenture security holder” means a Holder;
		

		
			﻿
		

		
			(iv)“indenture to be qualified” means the Indenture;
		

		
			﻿
		

		
			(v)“indenture trustee” or “institutional trustee” means the Trustee; and
		

		
			﻿
		

		
			(vi)“obligor” on the indenture securities means the Company.
		

		
			﻿
		

		
			All other terms used in the Indenture that are defined by the Trust Indenture Act (including by reference to another statute) or the related rules of the SEC, and not defined in the Indenture, have the respective meanings so defined by the Trust Indenture Act or such rules.
		

		
			﻿
		

		
			Section 1.04     Interpretation; Scope of Supplemental Indenture; Supersession of Base Indenture.
		

			
	
			
				 (A)
			Generally. The amendments to the Base Indenture made by this Supplemental 
		

		 

		

			-  11  -

		

 

			Indenture will apply solely with respect to the Notes and not with respect to any other class or series of Securities. For purposes of the Notes, if any provision of this Supplemental Indenture conflicts with any provision of the Base Indenture, then this Supplemental Indenture will control to the extent of such conflict.

			
	
			
				 (B)
			Applicability of Base Indenture.  Without limiting Section 1.04(A),  for purposes of the Notes:

			
	
			
				 (i)
			Article II of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 2 of this Supplemental Indenture;

			
	
			
				 (ii)
			Section 5.3 of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Section 4.02 of this Supplemental Indenture;

			
	
			
				 (iii)
			Section 13.12 of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Section 4.03 of this Supplemental Indenture;

			
	
			
				 (iv)
			Article III of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 11 of this Supplemental Indenture;

			
	
			
				 (v)
			Article VI of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 6;

			
	
			
				 (vi)
			Article VII of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 7 of this Supplemental Indenture;

			
	
			
				 (vii)
			Article IX of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 9 of this Supplemental Indenture;

			
	
			
				 (viii)
			Article X of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 5 of this Supplemental Indenture;

			
	
			
				 (ix)
			Article XI of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 8 of this Supplemental Indenture;

			
	
			
				 (x)
			Article XIII of the Base Indenture will not apply to the Notes and will instead be deemed to be replaced with Article 12 of this Supplemental Indenture;

		
			Each reference in the Base Indenture to any Articles or Sections (or part of any Articles or Sections) of the Base Indenture referred to in the preceding clauses of this Section 1.04(B) will, for purposes of the Notes, be deemed instead to be a reference to the respective Articles and Sections (or corresponding part of the respective Articles or Sections) referred to in the preceding clauses of this Section 1.04(B).
		

		
			﻿
		
Section 1.05     Acts of Holders
		
			.  Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by 
		

		 

		

			-  12  -

		

 

		such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action will become effective when such instrument or instruments are delivered to the Trustee and to the Company.  Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments.  Proof of execution of any such instrument or of a writing appointing any such agent will be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.05.
		

		
			The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof.  Where such execution is by a signer acting in a capacity other than such signer’s individual capacity, such certificate or affidavit will also constitute sufficient proof of such signer’s authority.  The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient.
		

		
			Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note will bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company, the Paying Agent, the Conversion Agent or the Registrar in reliance thereon, whether or not notation of such action is made upon such Note.
		

		
			If the Company will solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company will have no obligation to do so.  If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the Close of Business on such record date will be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and, for that purpose, the outstanding Notes will be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date will be deemed effective unless it will become effective pursuant to the provisions of this Indenture not later than six months after the record date.
		

			
	
			
				Article 2
			
THE NOTES

Section 2.01     Designation, Amount and Issuance of Notes
		
			.
		

			
	
			
				 (a)
			The Notes will be designated as “2.25% Convertible Senior Notes due 2027.”  The initial aggregate principal amount of Notes to be issued, authenticated and delivered on the Issue Date under this Indenture is $230,000,000.  From time to time, the Company may issue and execute, and the Trustee may authenticate, Notes delivered upon registration of transfer of, or in 
		

		 

		

			-  13  -

		

 

			exchange for, or in lieu of, other Notes pursuant to Sections 2.09,  2.10,  2.11, 3.06 and 10.02 hereof. In addition, the Company may issue an unlimited aggregate principal amount of additional Notes in accordance with clause (b) of this Section 2.01.

			
	
			
				 (b)
			Without the consent of any Holder, and notwithstanding anything to the contrary in Sections 2.01(a) or 2.05 hereof, the Company may increase the aggregate principal amount of the Notes issued under this Indenture by reopening this Indenture and issuing additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the date as of which interest shall begin to accrue on such additional Notes), which Notes will, subject to the foregoing, be considered to be part of the same series of Notes as those initially issued hereunder; provided, however, that if any such additional Notes are not fungible with other Notes issued hereunder for federal income tax purposes, then such additional Notes shall have a separate CUSIP number.  Prior to issuing any such additional Notes, the Company will deliver to the Trustee a Company Order, an Officers’ Certificate and an Opinion of Counsel, which Officers’ Certificate and Opinion of Counsel will address any matters required to be addressed under Section 12.04 hereof.

Section 2.02     Form of Notes
		
			.
		

			
	
			
				 (a)
			General.  The Notes will be substantially in the form of Exhibit A hereto, but may include any notations, legends or endorsements required by any applicable law (or regulation promulgated thereunder), stock exchange rule or usage, or any insertions, omissions or other variations otherwise permitted or required by this Indenture.  Whenever any such notation, legend or endorsement, or any such insertion, omission or other variation is applicable to a Note, the Company will provide such notation, legend or endorsement, or such insertion, omission or other variation to the Trustee in writing.

		
			Each Note will bear a Trustee’s certificate of authentication substantially in the form set forth in Exhibit A hereto.
		

		
			Notes that are Global Notes will bear the Global Notes Legend and the “Schedule of Increases and Decreases of Global Note” attached thereto.
		

		
			The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby.  However, to the extent that any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture will govern and control.
		

			
	
			
				 (c)
			Initial and Subsequent Notes.  The Notes initially will be issued in global form, registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary.  Except to the extent provided in Section 2.09(c) hereof, all Notes will be represented by one or more Global Notes.

			
	
			
				 (d)
			Global Notes.  Each Global Note will represent the aggregate principal amount of then outstanding Notes endorsed thereon and provide that it represents such aggregate principal amount of then outstanding Notes, which aggregate principal amount may, from time to time, be 
		

		 

		

			-  14  -

		

 

			reduced or increased to reflect transfers, exchanges, conversions, redemptions or repurchases by the Company.

		
			Only the Trustee, or the custodian holding such Global Note for the Depositary, at the direction of the Trustee, may endorse a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of then outstanding Notes represented thereby, and whenever the Holder of a Global Note delivers instructions to the Trustee to increase or decrease the aggregate principal amount of then outstanding Notes represented by a Global Note in accordance with Section 2.09 hereof, the Trustee, or the custodian holding such Global Note for the Depositary, at the direction of the Trustee, will endorse such Global Note to reflect such increase or decrease in the aggregate principal amount of then outstanding Notes represented thereby.  None of the Trustee, the Company or any agent of the Trustee or the Company will have any responsibility or bear any liability for any aspect of the records relating to, or payments made on account of, the ownership of any beneficial interest in a Global Note or with respect to maintaining, supervising or reviewing any records relating to such beneficial interest.
		

		
			Neither any member of, or participant in, the Depositary (collectively, the “Agent Members”) nor any other Person on whose behalf an Agent Member may act will have any rights under this Indenture with respect to any Global Note or under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee, may, for all purposes, treat the Depositary, or its nominee, if any, as the absolute owner and Holder of such Global Note.
		

		
			The Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action that such Holder is entitled to take under this Indenture or the Notes with respect to such Global Note, and, notwithstanding the foregoing, nothing herein will prevent the Company, the Trustee, the Paying Agent or any agent of the Company, the Trustee or the Paying Agent from giving effect to any written certification, proxy or other authorization furnished by such Holder or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of their respective customary practices governing the exercise of the rights of a Holder of any interest in any Global Note.
		
Section 2.03     Denomination of Notes
		
			.    The Notes will be issuable in registered form without coupons in minimum denominations of $1,000 principal amount and in integral multiples of $1,000 in excess thereof.
		
Section 2.04     Payments
		
			.
		

			
	
			
				 (a)
			General.

			
	
			
				 (i)
			Payment at Maturity.    Unless earlier paid or deemed paid pursuant to any of Sections 3.05,  10.03 or 11.06 hereof, the Notes will mature on March 15, 2027 (the “Maturity Date”) and, on the Maturity Date, the Company will pay each Holder of Notes $1,000 in cash for each $1,000 principal amount of Notes held, together with accrued and unpaid interest to, but not including, the Maturity Date on such Notes.

			
	
			
				 (ii)
			Payment of Interest.  Each Note will accrue interest at a rate equal to 2.25% per annum from the most recent date to which interest has been paid or duly provided for, or, if no 
		

		 

		

			-  15  -

		

 

			interest has been paid or duly provided for, the Issue Date (or such other date provided for in Section 2.01(b) with respect to Notes issued in accordance with such Section)  until, subject to the provisions of clause (d) of this Section 2.04, the date the principal amount of such Note is paid or deemed paid, as the case may be, pursuant to clause (i) of this Section 2.04(a) or any of Sections 3.05,  10.03 or 11.06 hereof.

		
			Interest will be payable semi-annually in arrears on March 15 and September 15 of each year (each, an “Interest Payment Date”), beginning September 15, 2021 (or such other date provided for in Section 2.01(b) with respect to Notes issued in accordance with such Section), to the Holder of each such Note as of the Close of Business on the March 1 and September 1, as the case may be, immediately preceding the applicable Interest Payment Date (each such date, a “Regular Record Date”), regardless of whether such Note is converted, repurchased or redeemed after such Regular Record Date.  Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.
		

			
	
			
				 (iii)
			Method of Payment.  The Company will pay the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, and the interest on, any Global Note to the Depositary by wire transfer of immediately available funds on the relevant payment date.

		
			The Company will pay the principal of, the Fundamental Change Repurchase Price or Redemption Price for, and any interest due on the Maturity Date on, any Definitive Note in cash to the applicable Holder of such Note at the office of the Paying Agent on the relevant payment date.
		

		
			The Company will pay interest due, on an Interest Payment Date, on any Definitive Note (except interest due on the Maturity Date) to the applicable Holder of such Note (i) if such Holder holds $5,000,000 or less aggregate principal amount of Notes, by check mailed to such Holder’s registered address, and (ii) if such Holder holds more than $5,000,000 aggregate principal amount of Notes, (A) by check mailed to such Holder’s registered address or (B) if such Holder delivers,  not later than the Regular Record Date relating to such Interest Payment Date, a written request to the Registrar that the Company make such payments by wire transfer to an account of such Holder within the United States, by wire transfer of immediately available funds to such account, which request shall remain in effect until such Holder notifies, in writing, the Registrar to the contrary.
		

			
	
			
				 (e)
			Interest Rights Preserved.  Subject to the provisions of Section 2.04(d) hereof, and, to the extent applicable, Sections 2.09 and 2.10 hereof, each Note delivered under this Indenture upon registration of transfer of, or in exchange for, or in lieu of, any other Note will carry any rights to the payment and accrual of interest that were carried by the relevant surrendered Note, Notes, or portion(s) thereof.

			
	
			
				 (f)
			Extension Fee. Pursuant to Section 6.04 hereof, in certain circumstances, the Company may, at its election, be obligated to pay Holders the Extension Fee.  Unless the context requires otherwise, all references in this Indenture to interest on the Notes will include such Extension Fee, but will not include any Default Interest payable pursuant to Section 2.04(d) hereof.

		 

		

			-  16  -

		

 

			
	
			
				 (g)
			Defaulted Amounts.  Whenever any amount payable on a Note (including, the principal of, the Fundamental Change Repurchase Price or Redemption Price for, and interest on, such Note) has become due and payable, but the Company fails to punctually pay or duly provide for such amount (any such amount, a “Defaulted Amount”), such Defaulted Amount will forthwith cease to be payable to the Holder of such Note on the relevant payment date by virtue of its having been due such payment on such payment date, but will instead, to the extent permitted under applicable law, accrue interest (“Default Interest”) at a rate equal to 2.25% per annum from, and including, such payment date and to, but excluding, the date on which such Defaulted Amount is paid by the Company in accordance with either clause (i) or (ii) below.

			
	
			
				 (i)
			The Company may elect to pay any Defaulted Amount and Default Interest on such Defaulted Amount to the Persons in whose names the Notes (or their respective predecessor Notes) are registered at the Close of Business on a special record date for the payment of such Defaulted Amount and Default Interest (a “Special Regular Record Date”) fixed in accordance with the following procedures:

			
	
			
				 (A)
			At least 30 days before the date on which the Company proposes to pay such Defaulted Amounts and Default Interest thereon, the Company will deliver to the Trustee written notice of (I) the proposed payment date for such Defaulted Amounts and Default Interest thereon and (II) the aggregate amount of such Defaulted Amounts and Default Interest thereon.

			
	
			
				 (B)
			Simultaneously with delivering such notice to the Trustee, the Company will either (I) deposit with the Trustee an amount of money, in immediately available funds, equal to the aggregate amount of such Defaulted Amounts and Default Interest thereon, or (II) take other actions that the Trustee deems reasonably satisfactory to ensure that an amount of money, in immediately available funds, equal to the aggregate of such Defaulted Amounts and Default Interest thereon will be deposited with the Trustee by 10:00 a.m., New York City time, on the day that is five Business Days prior to the proposed payment date, and in either case, upon receipt of such money, the Trustee will hold such money in trust for the benefit of the Persons entitled to such Defaulted Amounts and Default Interest pursuant to this Section 2.04(d)(i).

			
	
			
				 (C)
			Upon (i) receipt of such notice and (ii) the Company’s depositing such money or taking such other actions reasonably satisfactory to the Trustee, the Company will promptly fix a Special Regular Record Date for the payment of such Defaulted Amounts and Default Interest thereon, which Special Regular Record Date will be not more than 15 calendar days and not less than 10 days prior to the proposed payment date, and notify the Trustee of the Special Regular Record Date.  The Trustee will then, in the name and at the expense of the Company, deliver notice to each Holder specifying such Special Regular Record Date and the date on which such Defaulted Amounts and Default Interest thereon will be paid by the Company.

			
	
			
				 (D)
			After such notice has been delivered by the Trustee, such Defaulted Amounts and Default Interest thereon will be paid to the Persons in whose names 
		

		 

		

			-  17  -

		

 

			the Notes (or their respective predecessor Notes) are registered at the Close of Business on the Special Regular Record Date specified in such notice and such Defaulted Amounts and Default Interest thereon will no longer be payable pursuant to the following clause (ii) of this Section 2.04(d)(i).

			
	
			
				 (ii)
			The Company may pay any Defaulted Amounts and Default Interest on such Defaulted Amounts in any other lawful manner that is not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes are then listed (or, if applicable, have been approved for listing) or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment will be deemed practicable by the Trustee.

Section 2.05     Execution and Authentication
		
			.
		

			
	
			
				 (a)
			In General.  A Note will be valid only if executed by the Company and authenticated by the Trustee.

			
	
			
				 (h)
			Execution.  A Note will be deemed to have been executed by the Company when an Officer signs such Note on behalf of the Company.  The Officer’s signature may be manual, facsimile or by other electronic methods, and the validity of such Officer’s signature will not turn on whether such signatory remains an Officer at the time the Trustee authenticates such Note.

			
	
			
				 (i)
			Authentication.  A Note will be deemed authenticated when an authorized signatory of the Trustee manually signs the certificate of authentication on such Note.  An authorized signatory of the Trustee will manually sign the certificate of authentication on a Note only if (i) the Company delivers such Note to the Trustee, (ii) such Note is validly executed by the Company in accordance with Section 2.05(b) hereof, and (iii) the Company delivers, before or with such Note, a Company Order setting forth (A) a request that the Trustee authenticate such Note; (B) the principal amount of such Note; (C) the name of the Holder of such Note, (D) the date on which such Note is to be authenticated; and (E) any insertions, omissions or other variations, notations, legends or endorsements permitted under Section 2.02 hereof and applicable to such Note.  If the Company Order also specifies that the Trustee must deliver such Note to the Holder or the Depositary, the Trustee will promptly deliver such Note in accordance with such Company Order.

		
			The Trustee may appoint an authenticating agent.  If the Trustee appoints an authenticating agent and such authenticating agent is reasonably acceptable to the Company, such authenticating agent may authenticate a Note whenever the Trustee may authenticate such Note.  For purposes of this provision, each reference in this Indenture to authentication by the Trustee will be deemed to include authentication by an authenticating agent, and an authenticating agent will have the same rights to deal with the Company as the Trustee would have if it were performing the duties that the authentication agent was validly appointed to undertake.
		
Section 2.06     Registrar, Paying Agent and Conversion Agent
		
			.
		

			
	
			
				 (a)
			General.  The Company will maintain an office or agency in the continental United States where Notes may be presented for registration of transfer or for exchange (the “Registrar”), an office or agency where the Notes may be presented for payment, repurchase or redemption (the 
		

		 

		

			-  18  -

		

 

			“Paying Agent”), an office or agency where the Notes may be presented for conversion (the “Conversion Agent”) and an office or agency where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.

		
			The Registrar will keep a register for the recordation of, and will record, the names and addresses of Holders, the Notes held by each Holder and the transfer, exchange, repurchase, redemption and conversion of Notes (the “Register”).  Absent manifest error, the entries in the Register will be conclusive and the parties may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Holder hereunder for all purposes of this Indenture.  The Register will be in written form or in any form capable of being converted into written form within a reasonably prompt period of time.
		

		
			The Company may have one or more registrars, one or more paying agents, one or more conversion agents and one or more places where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.  Before appointing any Registrar, Paying Agent or Conversion Agent that is not otherwise a party to this agreement, the Company will enter into an appropriate agency agreement with such Registrar, Paying Agent or Conversion Agent, as the case may be, which agency agreement will implement the provisions of this Indenture that relate to such replacement or additional registrar, paying agent or conversion agent, as the case may be.  The term Registrar includes any additional registrars named pursuant to this Indenture.  The term Paying Agent includes any additional paying agent named pursuant to this Indenture.  The term Conversion Agent includes any additional conversion agent named pursuant to this Indenture. Upon the occurrence of any Event of Default under Section 6.01(a)(ix) or 6.01(a)(x) with respect to the Company, the Trustee shall be the Paying Agent.
		

			
	
			
				 (j)
			Initial Designations.  The Company initially appoints the Trustee as each of the Registrar, the Paying Agent, Conversion Agent, and the Notes initially may be presented for registration of transfer or for exchange, payment, repurchase, redemption and conversion to the Trustee, in its capacity as the Registrar, Paying Agent or Conversion Agent, as the case may be, at the Corporate Trust Office.  Notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served at the Corporate Trust Office;  provided,  however, that no office of the Trustee shall be an office or agency of the Company for purposes of service of legal process on the Company.

			
	
			
				 (k)
			Removal, Resignation and Replacement.  The Company may remove any Registrar, Paying Agent or Conversion Agent by delivering written notice to the Trustee and to such Registrar, Paying Agent or Conversion Agent; provided,  however, that no such removal will become effective unless (i) after such removal, at least one Registrar, Paying Agent and Conversion Agent will remain; (ii) a successor has accepted appointment as Registrar, Paying Agent or Conversion Agent, as the case may be, the Company and such successor have entered into an agency agreement in accordance with Section 2.06(a) hereof, and the Company has delivered written notice of such appointment and a copy of such agency agreement to the Trustee, or (iii) the Company has delivered written notice to the Trustee that the Trustee will serve as the successor Registrar, Paying Agent or Conversion Agent, as the case may be, in accordance with Section 2.06(d) hereof; and provided,  further, that the right to effect any such change or removal in no way relieves the Company of its obligation to maintain a Registrar, Paying Agent and Conversion Agent in the continental United States. The Company may also change the place where 
		

		 

		

			-  19  -

		

 

			notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, or reduce the number of such places; provided,  however, that the right to effect any such change or reduction in no way relieves the Company of its obligation to maintain a place in the continental United States where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.

		
			In addition, the Registrar, Paying Agent or Conversion Agent may resign at any time by delivering written notice of such resignation to each of the Company and the Trustee; provided,  however, that if the Trustee is serving as Registrar, Paying Agent or Conversion Agent, the Trustee may resign from such capacity only if it also resigns as Trustee in accordance with Section 7.07 hereof.  If, after any such resignation, at least one Registrar, Paying Agent and Conversion Agent does not remain, the Trustee will immediately be deemed to serve such empty office or agency in accordance with Section 2.06(d) hereof.
		

			
	
			
				 (l)
			Failure to Maintain an Office or Agency.  If the Company fails to maintain in the continental United States, a Registrar, Paying Agent, Conversion Agent or place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, the Trustee will act as the Registrar, Paying Agent, Conversion Agent, or place, as the case may be, and the office where the Notes may be presented for registration of transfer or for exchange, presented for payment, repurchase or redemption or surrendered for conversion, or place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, as the case may be, will be the Corporate Trust Office.  In each such case, the Trustee will be entitled to compensation for such action pursuant to Section 7.06 hereof.

			
	
			
				 (m)
			Notices.  Promptly upon the effectiveness of any removal or appointment of a Registrar, Paying Agent or Conversion Agent, or upon any change in the location of the office of any Registrar, Paying Agent or Conversion Agent, or of the place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, the Company will deliver to each Holder notice of such removal, appointment or change in location, as the case may be, which notice will include a brief description of the removal, appointment or change in location, as the case may be, and list the name and address of each continuing (and newly appointed, if applicable) Registrar, Paying Agent and Conversion Agent and place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.

Section 2.07     Money and Securities Held in Trust
		
			.
		

		
			Except as otherwise provided herein, by no later than 10:00 a.m., New York City time, on each due date for a payment on any Note, the Company will deposit with the Paying Agent an amount of money in immediately available funds, if deposited on the due date sufficient to make such payment when due.
		

		
			The Company will require that each Paying Agent (other than the Trustee, if the Trustee is a Paying Agent) agree in writing that it will (i) segregate all money and securities it holds for making payments with respect to the Notes; (ii) hold such money and securities in trust for the benefit of Holders; and (iii) notify the Trustee, in writing, as promptly as practicable, if the Company defaults in making any payment on the Notes.
		

		

		

		 

		

			-  20  -

		

 

		If any such default has occurred and is continuing, the Paying Agent will, upon receiving a written request from the Trustee, forthwith pay to the Trustee all of the money and securities it holds in trust.  In addition, at any time, the Company may require a Paying Agent to pay all money and securities that it holds for making payments with respect to the Notes to the Trustee and to account for any money and securities it has disbursed.  After delivering all of such money and securities to the Trustee pursuant to this Section 2.07, the Paying Agent (in its capacity as such) will have no further liability for such money and securities.
		
Section 2.08     Holder Lists
		
			.
		

		
			The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders.  If the Trustee is not the Registrar, the Company will furnish to the Trustee, (i) within five Business Days after each Regular Record Date, a list of the names and addresses of Holders as of such Regular Record Date, and (ii) at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of such request, a list of the names and addresses of Holders as of no more than 15 days immediately prior to the date such list is furnished, in each case, in such form as the Trustee may reasonably require.
		
Section 2.09     Transfer and Exchange
		
			.
		

			
	
			
				 (a)
			Provisions Applicable to All Transfers and Exchanges.

			
	
			
				 (i)
			Subject to the restrictions set forth in this Section 2.09, Definitive Notes and beneficial interests in Global Notes may be transferred or exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register.

			
	
			
				 (ii)
			All Notes issued upon any registration of transfer or exchange in accordance with this Indenture will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange.

			
	
			
				 (iii)
			No service charge will be imposed on any Holder of a Definitive Note or any owner of a beneficial interest in a Global Note for any exchange or registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge imposed in connection with such registration of transfer or exchange.

			
	
			
				 (iv)
			Unless the Company specifies otherwise, none of the Company, the Trustee, the Registrar or any co-registrar will be required to exchange or register a transfer of any Note (i) surrendered for conversion, except to the extent that any portion of such Note has not been surrendered for conversion, (ii) subject to a Fundamental Change Repurchase Notice validly delivered pursuant to Section 3.03 hereof, except to the extent any portion of such Note is not subject to a Fundamental Change Repurchase Notice or the Company fails to pay the applicable Fundamental Change Repurchase Price when due, or (iii) after the Company has delivered a Redemption Notice pursuant to Section 11.03 hereof, except to the extent the Company fails to pay the applicable Redemption Price when due.

		 

		

			-  21  -

		

 

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

			
	
			
				 (n)
			In General; Transfer and Exchange of Beneficial Interests in Global Notes. So long as the Notes are eligible for book-entry settlement with the Depositary (unless otherwise required by law and except to the extent required by Section 2.09(c) hereof):

			
	
			
				 (i)
			all Notes will be represented by one or more Global Notes;

			
	
			
				 (ii)
			every transfer and exchange of a beneficial interest in a Global Note will be effected through the Depositary in accordance with the Applicable Procedures and the provisions of this Indenture; and

			
	
			
				 (iii)
			each Global Note may be transferred only as a whole and only (A) by the Depositary to a nominee of the Depositary, (B) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or (C) by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.

			
	
			
				 (o)
			Transfer and Exchange of Global Notes.

			
	
			
				 (i)
			Notwithstanding any other provision of this Indenture, each Global Note will be exchanged for Definitive Notes if the Depositary delivers notice to the Company that:

			
	
			
				 (I)
			the Depositary is unwilling or unable to continue to act as Depositary; or

			
	
			
				 (II)
			the Depositary is no longer registered as a clearing agency under the Exchange Act,

		
			and, in each case, the Company promptly delivers a copy of such notice to the Trustee and the Company fails to appoint a successor Depositary within 90 days after receiving notice from the Depositary.
		

		
			In each such case, (1) each Global Note will be deemed surrendered to the Trustee for cancellation, (2) the Trustee will promptly cancel each such Global Note in accordance with the Applicable Procedures, (3) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute, for each beneficial interest in each Global Note so cancelled, an aggregate principal amount of Definitive Notes equal to the aggregate principal amount of such beneficial interest, registered in such name and authorized denominations as the Depositary specifies, and bearing such legends as such Definitive Notes are required to bear under Section 2.02 hereof, and, (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Notes and a Company Order including the information specified in Section 2.05(c) hereof with 
		

		 

		

			-  22  -

		

 

		respect to such Definitive Notes, and (4) the Trustee, upon receipt of such Definitive Notes and such Company Order, in accordance with Section 2.05 hereof, will promptly authenticate, and deliver to the Holder specified in such Company Order, such Definitive Notes.
		

			
	
			
				 (ii)
			In addition:

			
	
			
				 (I)
			if an Event of Default has occurred and is continuing, any owner of a beneficial interest in a Global Note may exchange such beneficial interest for Definitive Notes by delivering a written request to the Company, the Registrar and the Trustee; or

			
	
			
				 (II)
			at any time, the Company may, in its sole discretion, at the request of the owner of a beneficial interest in a Global Note, permit the exchange of such owner’s beneficial interest, by delivering a written request to the Registrar, the Trustee and the owner of such beneficial interest.

		
			In each case, (1) upon receipt of such request, the Registrar will promptly deliver written notice of such request to the Company and the Trustee, which notice must identify the owner of the beneficial interest to be exchanged, the aggregate principal amount of such beneficial interest and the CUSIP number of the relevant Global Note; (2) the Trustee, upon receipt of such notice, will promptly cause the aggregate principal amount of such Global Note to be reduced by the aggregate principal amount of the beneficial interest to be so exchanged in accordance with the Applicable Procedures, (3)  the Company (x) in accordance with Section 2.05 hereof, will promptly execute, for such beneficial interest, a Definitive Note having aggregate principal amount equal to the aggregate principal amount of such beneficial interest, registered in the name of the owner specified in the notice delivered by the Registrar, and bearing such legends as such Definitive Note is required to bear under Sections 2.02 hereof, and, (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Note and a Company Order including the information specified in Section 2.05(c) hereof with respect to such Definitive Note, and (4) the Trustee, upon receipt of such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, such Definitive Note.  If, after such exchange, all of the beneficial interests in a Global Note have been exchanged for Definitive Notes, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures.
		

			
	
			
				 (p)
			Transfer and Exchange of Definitive Notes.  If Definitive Notes are issued, a Holder may:

			
	
			
				 (i)
			transfer a Definitive Note by:  (A) surrendering such Definitive Note for registration of transfer to the Registrar, together with any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar; and (B) satisfying any other requirements for such transfer set forth in this Section 2.09.  Upon the satisfaction of conditions (A), (B) and (C), (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute a new Definitive Note, in the name of the designated transferee, having an aggregate principal amount equal to that of the transferred Definitive Note and bearing such legends as such Definitive Note is required to bear under Sections 2.02 hereof, and (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Note and a Company 
		

		 

		

			-  23  -

		

 

			Order including the information specified in Section 2.05(c) with respect to such Definitive Note, and (2) the Trustee, upon receipt of such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, such Definitive Note.

			
	
			
				 (ii)
			exchange one or more Definitive Notes for one or more other Definitive Notes of any authorized denominations, and in aggregate principal amount equal to the aggregate principal amount of the one or more Definitive Notes to be exchanged, by surrendering such one or more Definitive Notes, together with any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06 hereof.  Whenever a Holder so surrenders one or more Definitive Notes for exchange, (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute one or more new Definitive Notes, each in the name of such Holder, in the authorized denomination or denominations that such Holder requested (which authorized denomination or authorized denominations, as the case may be, must, in aggregate, equal the aggregate principal amount of the one or more Definitive Notes to be exchanged), and bearing a unique registration number not contemporaneously outstanding and such legends as such Definitive Note is required to bear under Sections  2.02 hereof, and (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee each such Definitive Note and a Company Order including the information specified in Section 2.05(c) with respect to each such Definitive Note, and (2) the Trustee, upon receipt of each such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, each such Definitive Note.

			
	
			
				 (iii)
			transfer or exchange a Definitive Note for a beneficial interest in a Global Note by (A) surrendering such Definitive Note for registration of transfer or exchange, together with any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06 hereof; (B) satisfying any other requirements for such transfer set forth in this Section 2.09; and (D) providing written instructions to the Trustee to make an adjustment in its books and records with respect to the applicable Global Note to reflect an increase in the aggregate principal amount of the Notes represented by such Global Note, which instructions will contain information regarding the Depositary account to be credited with such increase.  Upon the satisfaction of conditions (A), (B), (C) and (D), the Trustee (1) will promptly cancel such Definitive Note and, (2) will promptly cause the aggregate principal amount of Notes represented by such Global Note to be increased by the aggregate principal amount of such Definitive Note, and credit, or cause to be credited, the account of the Person specified in the instructions provided by the exchanging Holder in an amount equal to the aggregate principal amount of such Definitive Note, in each case, in accordance with the Applicable Procedures.  If at the time of such exchange, no Global Notes are then outstanding, the Company, (x) in accordance with Section 2.05 hereof, will promptly execute and deliver to the Trustee, a new Global Note registered in the name of the Depositary or a nominee of the Depositary, as the case may be, having the appropriate aggregate principal amount, and bearing such legends as such Global Note is required to bear under Sections 2.02 hereof, and (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Global Note and a Company Order including the information specified in Section 2.05(c) with respect to such Global Note, and (2) the Trustee, upon receipt of such Global Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver 
		

		 

		

			-  24  -

		

 

			to the depositary, its nominee, or a custodian of the depositary or its nominee, as the case may be, such Global Note.

Section 2.10     Replacement Notes
		
			.
		

		
			If (a)(i) a mutilated Note is surrendered to the Registrar or (ii) the Holder of a Note claims that such Note has been lost, destroyed or stolen and provides the Company and the Trustee with (A) evidence of such loss, theft or destruction that is reasonably satisfactory to the Company and the Trustee and (B) any amount or kind of security or indemnity that either of the Company or the Trustee request to protect itself from any loss that it may suffer upon replacement of such Note, and, in either case, (b) such Holder satisfies any other reasonable requirements of the Trustee, including the payment of any tax or other governmental charge that may be imposed in connection with the replacement of such Note, then, unless the Company or the Trustee receives notice that such Note has been acquired by a bona fide purchaser, the Company will, in accordance with Section 2.05 hereof, promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, in accordance with Section 2.05 hereof, and the documents required by Sections 12.03 and 12.04 hereof,  will promptly authenticate and deliver, in the name of such Holder, a replacement Note having the same aggregate principal amount as the Note that was mutilated or claimed to be lost, destroyed or stolen, bearing any restrictive legends required by Section 2.02 hereof and with a certificate number not contemporaneously outstanding.
		

		
			Every new Note issued pursuant to this Section 2.10 in exchange for any mutilated Note, or in lieu of any destroyed, lost or stolen Note, will constitute an original contractual obligation of the Company and any other obligor upon the Notes, regardless of whether the mutilated, destroyed, lost or stolen Note will be at any time enforceable by anyone, and will be entitled to all benefits of (and will be subject to all the limitations set forth in) this Indenture equally and proportionately with any and all other Notes duly issued hereunder.
		
Section 2.11     Temporary Notes
		
			.  Until Definitive Notes are ready for delivery, the Company may execute and the Trustee or an authenticating agent appointed by the Trustee will, upon written request of the Company, authenticate and deliver temporary Notes (printed or lithographed) (“Temporary Notes”).  Temporary Notes will be issuable in any authorized denomination, and substantially in the form of Definitive Notes, but with such omissions, insertions and variations as may be appropriate for Temporary Notes, all as may be determined by the Company.  Every such Temporary Note will be executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Notes.  Without unreasonable delay the Company will prepare, execute and deliver to the Trustee or such authenticating agent Definitive Notes (other than any Global Note) and thereupon any or all Temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or agency maintained by the Company pursuant to Section 2.06 hereof and the Trustee or such authenticating agent will authenticate and deliver in exchange for such Temporary Notes Definitive Notes having an aggregate principal amount equal to such Temporary Notes.  Such exchange will be made by the Company at its own expense and without any charge therefor.  Until so exchanged, the Temporary Notes will, in all respects, be entitled to the same benefits and subject to the same limitations under this Indenture as Definitive Notes authenticated and delivered hereunder.
		

		 

		

			-  25  -

		

 
Section 2.12     Cancellation
		
			.    At any time, the Company may deliver Notes to the Trustee for cancellation.  Whenever any Note is surrendered to the Registrar, Conversion Agent or Paying Agent for registration of transfer, exchange, conversion, repurchase, redemption or payment, the Registrar, Conversion Agent or Paying Agent, as the case may be, will promptly forward such Note to the Trustee.  Upon receipt of any such Note, the Trustee, in its customary manner, will promptly cancel and dispose of such Note.  The Company may not issue new Notes to replace Notes that it has repurchased, redeemed, paid or delivered to the Trustee for cancellation or that a Holder has converted pursuant to Article 10 hereof.
		
Section 2.13     Outstanding Notes
		
			.    At any time, Notes outstanding are limited to all Notes authenticated by the Trustee except (i) those cancelled by it, (ii) those delivered to it for cancellation and (iii) those deemed not outstanding under Sections 3.05,  10.02 and 11.06 hereof and clauses (a) and (b) of this Section 2.13.
		

			
	
			
				 (a)
			If a Note is replaced pursuant to Section 2.10 hereof, such Note will cease to be outstanding at the time of its replacement unless the Trustee and the Company receive proof satisfactory to them that such Note is held by a bona fide purchaser.

			
	
			
				 (q)
			In addition, if the Company, any other obligor or an Affiliate of the Company or an Affiliate of such other obligor holds a Note, such Note will be disregarded and deemed not to be outstanding for purposes of determining whether the Holders of the requisite aggregate principal amount of Notes have given or concurred in any request, demand, authorization, direction, notice, consent, waiver or other action hereunder.  Subject to the foregoing, only Notes outstanding at the time of any such determination will be considered in such determination (including determinations pursuant to Article 6 and Article 9 hereof).

Section 2.14     Persons Deemed Owners
		
			.  Prior to due presentment of a Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Note is registered in the Register as the owner of such Note for the purpose of receiving the payment of the principal, Fundamental Change Repurchase Price or Redemption  Price of, and interest, if any, on, such Note, for the purpose of conversion of such Note and for all other purposes whatsoever with respect to such Note, and none of the Company, the Trustee or any agent of the Company or the Trustee will be affected by any notice to the contrary.
		
Section 2.15     Repurchases
		
			.    The Company may, from time to time, repurchase Notes in open market purchases or in negotiated transactions without delivering prior notice to Holders.
		
Section 2.16      CUSIPs
		
			.
		

			
	
			
				 (a)
			Whenever “CUSIP” and “ISIN” numbers are generally in use, the Company will use CUSIP and ISIN numbers with respect to the Notes, which CUSIP and ISIN numbers. Whenever the Company uses CUSIP and ISIN numbers, the Trustee will also use CUSIP and ISIN numbers in each notice it delivers to the Holders; provided, that neither the Company nor the Trustee will be responsible for any defect in any CUSIP or ISIN number that appears on any Note, check, advice of payment or notice, including any notice delivered pursuant to Section 11.03.  The Company will promptly notify the Trustee in writing in the event of any change in the CUSIP or ISIN numbers.

		 

		

			-  26  -

		

 

			
	
			
				 (r)
			In addition, if, when any shares of Common Stock are issued upon conversion of a Note, CUSIP and ISIN numbers are generally in use, the Company will use CUSIP and ISIN numbers with respect to such shares of Common Stock.

			
	
			
				 (s)
			Whenever any of the CUSIP or ISIN numbers with respect to the Notes or the shares of Common Stock issuable upon conversion of the Notes change, cease to be used, or begin to be used, the Company will deliver prompt written notice of such change, cessation, or beginning to each of the Trustee and the Holders.

			
	
			
				Article 3
			
REPURCHASE AT THE OPTION OF THE HOLDER

Section 3.01    Fundamental Change Permits Holders to Require the Company to Repurchase the Notes
		
			.
		

			
	
			
				 (a)
			General.  If a Fundamental Change occurs at any time prior to the Maturity Date, each Holder will have the right to require the Company to repurchase all of its Notes or any portion of its Notes in principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof on the Fundamental Change Repurchase Date for such Fundamental Change for an amount of cash equal to the Fundamental Change Repurchase Price for such Fundamental Change Repurchase Date and such Notes.

			
	
			
				 (b)
			Fundamental Change Repurchase Price.  The “Fundamental Change Repurchase Price” means, for any Notes to be repurchased on any Fundamental Change Repurchase Date, a price equal to 100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such Fundamental Change Repurchase Date; provided,  however, that if a Fundamental Change Repurchase Date occurs after a Regular Record Date, but on or prior to the Interest Payment Date corresponding to such Regular Record Date, the Company will pay the accrued and unpaid interest on such Notes, on or, at the Company’s election, before such Interest Payment Date, to the Holder of such Notes as of the Close of Business on such Regular Record Date, and the Fundamental Change Repurchase Price shall not include such accrued and unpaid interest.

			
	
			
				 (c)
			Fundamental Change Repurchase Date.  The “Fundamental Change Repurchase Date” means, for any Fundamental Change, the date specified by the Company in the Fundamental Change Notice for such Fundamental Change, which date will be not less than 20 Business Days, nor more than 35 Business Days, immediately following the Fundamental Change Notice Date for such Fundamental Change.

Section 3.02     Fundamental Change Notice
		
			.
		

			
	
			
				 (a)
			General.  On or before the 10th calendar day immediately following the effective date of a Fundamental Change, the Company will deliver to each Holder (and to any beneficial owners of a Global Note, as required by applicable law), the Trustee, the Conversion Agent and the Paying Agent written notice of such Fundamental Change and the resulting repurchase right (the “Fundamental Change Notice,” and the date of such mailing, the “Fundamental Change Notice Date”).  Simultaneously with mailing any Fundamental Change Notice to the Holders, the 
		

		 

		

			-  27  -

		

 

			Trustee and the Paying Agent, the Company will publish a notice containing the same information as the Fundamental Change Notice in a newspaper of general circulation in The City of New York and on its website or through such other public medium as the Company may use at such time.

		
			For any Fundamental Change, the Fundamental Change Notice corresponding to such Fundamental Change will specify:
		

			
	
			
				 (A)
			briefly, the events causing such Fundamental Change;

			
	
			
				 (B)
			the effective date of such Fundamental Change;

			
	
			
				 (C)
			the last date on which a Holder may exercise its right to require the Company to repurchase its Notes as a result of such Fundamental Change under this Article 3;

			
	
			
				 (D)
			the procedures that a Holder must follow to require the Company to repurchase a Note;

			
	
			
				 (E)
			the Fundamental Change Repurchase Price for each $1,000 principal amount of Notes for such Fundamental Change;

			
	
			
				 (F)
			the Fundamental Change Repurchase Date for such Fundamental Change;

			
	
			
				 (G)
			that the Fundamental Change Repurchase Price for any Note for which a Fundamental Change Repurchase Notice has been duly tendered and not validly withdrawn will be paid promptly following the later of the Fundamental Change Repurchase Date and the time such Note is surrendered for repurchase;

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

			
	
			
				 (I)
			the Conversion Rate in effect on the Fundamental Change Notice Date for such Fundamental Change and the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Fundamental Change Notice Date;

			
	
			
				 (J)
			any adjustments that will be made to the Conversion Rate as a result of such Fundamental Change, including any Additional Shares by which the Conversion Rate will be increased pursuant to Section 10.07 hereof for a Holder that converts a Note “in connection with” such Fundamental Change;

			
	
			
				 (K)
			that any Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a Holder may be converted only if such Holder withdraws such Fundamental Change Repurchase Notice in accordance with the terms of this Indenture or to the extent any portion of such Notes are not subject to such Fundamental Change Repurchase Notice;

			
	
			
				 (L)
			the procedures for withdrawing a Fundamental Change Repurchase Notice;

		 

		

			-  28  -

		

 

			
	
			
				 (M)
			that if a Note or portion of a Note is subject to a validly delivered Fundamental Change Repurchase Notice, unless the Company defaults in paying the Fundamental Change Repurchase Price for such Note or portion of a Note, interest, if any, on such Note or portion of a Note will cease to accrue on and after the Fundamental Change Repurchase Date; and

			
	
			
				 (N)
			the CUSIP and ISIN number(s) of the Notes.

			
	
			
				 (d)
			Failure or Defect.  Notwithstanding anything provided elsewhere in this Indenture, neither the failure of the Company to deliver a Fundamental Change Notice nor a defect in a Fundamental Change Notice delivered by the Company will limit the repurchase rights of any Holder under this Article 3 or impair or otherwise affect the validity of any proceedings relating to the repurchase of any Note pursuant to this Article 3.

Section 3.03      Fundamental Change Repurchase Notice
		
			.
		

			
	
			
				 (e)
			General.  To exercise its repurchase rights under Section 3.01(a) hereof with respect to any Notes pursuant to a Fundamental Change, the Holder thereof must deliver to the Paying Agent, by the Close of Business on the Business Day immediately preceding the Fundamental Change Repurchase Date, subject to extension to comply with applicable law:

			
	
			
				 (A)
			a duly completed “Fundamental Change Repurchase Notice,”  substantially in the form set forth in Exhibit A hereto (a “Fundamental Change Repurchase Notice”) setting forth that such Holder is tendering such Notes for repurchase;  and

			
	
			
				 (B)
			such Notes (A) by book-entry transfer if such Notes are Global Notes, or (B) by physical delivery, if such Notes are Definitive Notes, in each case, together with any endorsements or other documents reasonably requested by the Paying Agent, the Trustee or the Company.

			
	
			
				 (f)
			Contents of Fundamental Change Repurchase Notice.  The Fundamental Change Repurchase Notice for any Note must state:

			
	
			
				 (i)
			if such Note is to be repurchased in part, the principal amount of such Note to be repurchased, which principal amount must equal $1,000 or an integral multiple of $1,000 in excess thereof;

			
	
			
				 (ii)
			that such Note will be repurchased by the Company pursuant to the provisions of this Article 3 hereof; and

			
	
			
				 (iii)
			if such Note is a Definitive Note, the certificate number of such Note.

		
			If the Notes to be repurchased are Global Notes, the Fundamental Change Repurchase Notice for such Notes must comply with the Applicable Procedures.
		

			
	
			
				 (g)
			Notice to Company.  If any Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice with respect to a Note or any portion of a Note, the 
		

		 

		

			-  29  -

		

 

			Paying Agent will promptly deliver to the Company a copy of such Fundamental Change Repurchase Notice.

			
	
			
				 (h)
			Effect of Improper Notice.  Unless and until the Paying Agent receives a validly endorsed and delivered Fundamental Change Repurchase Notice with respect to a Note, together with such Note, in a form that conforms in all material aspects with the description contained in such Fundamental Change Repurchase Notice, the Holder submitting the Notes will not be entitled to receive the Fundamental Change Repurchase Price for such Note.

Section 3.04     Withdrawal of Fundamental Change Repurchase Notice
			
	
			
				 (i)
			.

			
	
			
				 (a)
			General.  After a Holder delivers a Fundamental Change Repurchase Notice with respect to a Note, such Holder may withdraw such Fundamental Change Repurchase Notice with respect to such Note or any portion of such Note in principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof by delivering to the Paying Agent a written notice of withdrawal prior to the Close of Business on the Business Day immediately preceding the Fundamental Change Repurchase Date to the Paying Agent. Any such withdrawal notice must state:

			
	
			
				 (A)
			the principal amount of the Notes with respect to which such notice of withdrawal pertains, which must equal $1,000 or an integral multiple of $1,000 in excess thereof;

			
	
			
				 (B)
			the principal amount of the Notes that remains subject to the original Fundamental Change Repurchase Notice, which portion must have a principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof; and

			
	
			
				 (C)
			if the Notes subject to such Fundamental Change Repurchase Notice were Definitive Notes, the certificate numbers of the Notes to be withdrawn and the Notes that will remain subject to the Fundamental Change Repurchase Notice.

		
			If the Notes to be withdrawn are Global Notes, a Holder must deliver its notice of withdrawal in compliance with the Applicable Procedures.
		

			
	
			
				 (b)
			Return of Note.  Upon receipt of a validly delivered withdrawal notice, the Paying Agent will promptly (i) if such notice pertains to a Definitive Note or a portion of a Definitive Note, return such Note or portion of a Note to such Holder, in the amount specified in such withdrawal notice; and, (ii) if such notice pertains to a beneficial interest in a Global Note, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such beneficial interest, in the amount specified in such withdrawal notice.

			
	
			
				 (c)
			Notice to Company.  If any Holder validly delivers to the Paying Agent a notice of withdrawal with respect to a Note or any portion of a Note, the Paying Agent will promptly deliver to the Company a copy of such notice of withdrawal.

Section 3.05     Effect of Fundamental Change Repurchase Notice
			
	
			
				 (d)
			.

		 

		

			-  30  -

		

 

			
	
			
				 (j)
			General.  If a Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice (together with all necessary endorsements) with respect to a Note, such Holder may no longer convert such Note unless and until such Holder validly withdraws such Fundamental Change Repurchase Notice in accordance with Section 3.04 hereof.

			
	
			
				 (k)
			Timing of Payment.  Upon the Paying Agent’s receipt of (i) a valid Fundamental Change Repurchase Notice (together with all necessary endorsements) and (ii) the Notes to which such Fundamental Change Repurchase Notice pertains, the Holder of the Notes to which such Fundamental Change Repurchase Notice pertains will be entitled, except to the extent such Holder has validly withdrawn such Fundamental Change Repurchase Notice in accordance with Section 3.04 hereof to receive the Fundamental Change Repurchase Price with respect to such Notes on the later of the following (subject to extension to comply with applicable law)  (i) the Fundamental Change Repurchase Date and (ii)(A) if such Notes are Definitive Notes, the date of delivery of such Notes to the Paying Agent,  duly endorsed, or (B) if such Notes are Global Notes, the date of book-entry transfer of such Notes to the Paying Agent, or, if such later date is not a Business Day, the Business Day immediately following such later date.

			
	
			
				 (l)
			Effect of Deposit.  If, as of 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Company, in accordance with Section 3.08 hereof, has deposited with the Paying Agent money sufficient to pay the Fundamental Change Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice validly delivered in accordance with Section 3.03 hereof and not validly withdrawn in accordance with Section 3.04 hereof, at the Close of Business on the Fundamental Change Repurchase Date:

			
	
			
				 (A)
			the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent), except to the extent provided in the proviso to Section 3.01(b); and

			
	
			
				 (B)
			all other rights of the Holders of such Notes with respect to such Notes (other than the right to receive payment of the Fundamental Change Repurchase Price upon delivery or transfer of such Notes and any Defaulted Amounts or Default Interest with respect to the Notes, and other than as provided in the proviso to Section 3.01(b)) will terminate.

Section 3.06     Notes Repurchased in Part
		
			.  If any Definitive Note is to be repurchased only in part, the Holder must surrender such Note at the office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder of such Note or such Holder’s attorney-in-fact, duly authorized in writing), whereupon the Company, in accordance with Section 2.05 hereof, will promptly execute, and, upon receipt of a Company Order and the documents required by Sections 12.03 and 12.04 hereof, the Trustee, in accordance with Section 2.05 hereof, will promptly authenticate and deliver, to the surrendering Holder, a new Note or Notes of any authorized denomination or denominations requested by such Holder in aggregate principal amount equal to the portion of the principal amount of the Note so surrendered which is not repurchased.  If any Global Note is repurchased in part, the Company will instruct the Trustee to decrease the principal amount of such Global Note by the principal amount repurchased.    Any 
		

		 

		

			-  31  -

		

 

		Notes that are repurchased or owned by the Company, whether or not in connection with a Fundamental Change, will be submitted to the Trustee for cancellation and will be duly retired by the Company.
		
Section 3.07     Covenant to Comply With Securities laws Upon Repurchase of Notes
		
			.  In connection with any repurchase offer pursuant to a Fundamental Change Repurchase Notice under this Article 3, the Company will, to the extent applicable, (i) comply with Rule 13e-4 and any other tender offer rules under the Exchange Act that may be applicable at the time of the offer to repurchase the Notes, (ii) file the related Schedule TO (or any successor schedule, form or report) under the Exchange Act, and (iii) otherwise comply with any applicable United States federal and state securities laws so as to permit Holders to exercise their rights and obligations under Section 3.01 hereof in the time and in the manner specified in Sections 3.01 and 3.03 hereof.
		
Section 3.08     Deposit of Fundamental Change Repurchase Price
		
			.  Prior to 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date, the Company will deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an amount of immediately available funds sufficient to pay the Fundamental Change Repurchase Price of all the Notes or portions thereof that the Company is required to repurchase on such Fundamental Change Repurchase Date.
		
Section 3.09     Covenant Not to Repurchase Notes Upon Certain Events of Default
		
			.
		

			
	
			
				 (a)
			General.  Notwithstanding anything to the contrary in this Article 3, the Company will not purchase any Notes under this Article 3 if, as of the Fundamental Change Repurchase Date, the principal amount of the Notes has been accelerated, such acceleration has not been rescinded and such acceleration did not result from a Default that would be cured by the Company’s payment of the Fundamental Change Repurchase Price.

			
	
			
				 (m)
			Deemed Withdrawals.  If, on any Fundamental Change Repurchase Date, (i) a Fundamental Change Repurchase Notice for a Note has been validly tendered in accordance with Section 3.03 hereof and has not been validly withdrawn in accordance with Section 3.04 hereof, and (ii) pursuant to this Section 3.09, the Company is not permitted to purchase Notes, the Paying Agent, upon receipt of written notice from the Company stating that the Company, pursuant to this Section 3.09, is not permitted to purchase Notes, will deem such Fundamental Change Repurchase Notice withdrawn.

			
	
			
				 (n)
			Return of Notes.  If a Holder tenders a Note for purchase pursuant to this Article 3 and, on the Fundamental Change Repurchase Date, pursuant to this Section 3.09, the Company is not permitted to purchase such Note, the Paying Agent will (i) if such Note is a Definitive Note, return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note.

		 

		

			-  32  -

		

 

			
	
			
				Article 4
			
COVENANTS

Section 4.01     Payment of Notes.
		
			  The Company will pay or cause to be paid the principal of, Fundamental Change Repurchase Price or Redemption Price for, and any accrued and unpaid interest on, the Notes on the dates and in the manner required under this Indenture.  Any principal of, Fundamental Change Repurchase Price or Redemption Price for, or interest on, a Note will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds, as of 10:00 a.m. New York City time on the due date, money deposited by the Company in immediately available funds and designated for, and sufficient to pay, such principal, Fundamental Change Repurchase Price, Redemption Price or interest then due.  To the extent lawful, the Company will also pay Default Interest on any Defaulted Amounts in accordance with Section 2.04 hereof.
		
Section 4.02     Reports
		
			.  The Company will deliver to Holders, with a copy to the Trustee, copies of all quarterly and annual reports that the Company is required to deliver to the SEC on Forms 10-Q and 10-K, and any other documents, information or other reports that the Company is required to file with the SEC under Sections 13 or 15(d) of the Exchange Act no later than the time that the Company is required to file such quarterly and annual reports, other documents, information or other reports with the SEC (after giving effect to any grace period provided by Rule 12b-25 under the Exchange Act).  However, the Company need not deliver any material for which it has received, or is seeking in good faith and have not been denied, confidential treatment by the SEC. Any document filed by the Company with the SEC via the EDGAR system (or any successor thereto) will be deemed to be delivered to Holders and the Trustee at the time such document is filed via the EDGAR system (or such successor);  provided,  however, that the Trustee will have no responsibility whatsoever to determine whether the Company has made any filing via the EDGAR system (or any successor thereto).  Notwithstanding anything to the contrary in the foregoing, nothing in this paragraph shall require the Company to deliver to any Holder or the Trustee any material for which the Company has sought and received, or is seeking and has not been denied, confidential treatment by the SEC. The Company will also comply with its other obligations under Section 314(a)(1) of the Trust Indenture Act. Delivery of reports to the Trustee under the Indenture is for informational purposes only and the Trustee’s receipt thereof shall not constitute actual or constructive notice of any information contained therein, or determinable from information contained therein, including the Company’s compliance with any of its covenants under the Indenture (as to which the Trustee is entitled to rely exclusively on an Officers’ Certificate).
		

		
			Delivery of such quarterly and annual reports, and such other documents, information and other reports to the Trustee will be for informational purposes only, and the Trustee’s receipt of such will not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely conclusively on Officers’ Certificates).
		
Section 4.03     Compliance Certificate
		
			.
		

			
	
			
				 (a)
			Annual Compliance Certificate.  Within 90 days after the end of each fiscal year of the Company, beginning with the fiscal year ending on December 31, 2021, the Company will 
		

		 

		

			-  33  -

		

 

			deliver to the Trustee an Officers’ Certificate, which Officers’ Certificate will state (i) that the Officers signing such Officers’ Certificate have supervised a review of the activities of the Company and its Subsidiaries with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture during the preceding fiscal year, and (ii) to the best knowledge of each of the Officers signing such Officers’ Certificate, (A) whether the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided under this Indenture) or, if one or more Defaults or Events of Default have occurred, what events triggered such Defaults or Events of Default and what actions the Company is taking or proposes to take with respect to such Defaults or Events of Default, and (B) whether any event has occurred and remains in existence by reason of which any payment of the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, or interest on, or any delivery of any of the consideration due upon conversion of, a Note is prohibited, and, if any such event has occurred and remains in existence, a description, in reasonable detail, of such event or events and what actions the Company is taking or proposes to take with respect to such event or events.

			
	
			
				 (b)
			Certificate of Default or Event of Default.  Within 30 days after a Default occurs, the Company will deliver to the Trustee an Officers’ Certificate describing such Default, its status and a description, in reasonable detail, of what action the Company is taking or proposes to take with respect to such Default.

Section 4.04     Restriction on Purchases by the Company and by Affiliates of the Company
		
			.  Neither the Company nor any of its Subsidiaries will purchase or otherwise acquire any Notes without canceling such Notes.  In addition, the Company will use commercially reasonable efforts to prevent any affiliate of the Company (as defined in Rule 144) from acquiring any Note or any beneficial interest therein.
		
Section 4.05     Taxes
		
			.  The Company will pay, and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders.
		
Section 4.06     Corporate Existence
		
			.  Subject to Article 5 hereof, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect:
		

			
	
			
				 (a)
			its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and

			
	
			
				 (c)
			the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however, that the Company will not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors determines that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders.

		 

		

			-  34  -

		

 

		
			Section 4.07     Par Value Limitation.
		

		
			The Company will not take any action that, after giving effect to any adjustment pursuant to Section 10.05 or 10.07, would result in the Conversion Price becoming less than the par value of one share of Common Stock.  In addition, the Company will not adjust the Conversion Rate pursuant to Section 10.06 such that the Conversion Price would be less than the par value of one share of Common Stock.
		
Section 4.08     Stay, Extension and Usury Laws
		
			.  The Company covenants that, to the extent that it may lawfully do so, it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company, to the extent that it may lawfully do so, hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will instead suffer and permit the execution of every such power as though no such law has been enacted.
		
Section 4.09     Further Instruments and Acts
		
			.  Upon request of the Trustee, the Company 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 terms of this Indenture.
		

			
	
			
				Article 5
			
CONSOLIDATION, MERGER AND SALE OF ASSETS

Section 5.01     Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms
		
			.  The Company will not (1) consolidate with or merge with or into, or (2) (whether directly, or indirectly through one or more subsidiaries)  sell, convey, transfer or lease all or substantially all of the consolidated assets of the Company and its Subsidiaries, taken as a whole, to, any other Person (any such transaction, a “Reorganization Event”), unless:
		

			
	
			
				 (a)
			either:

			
	
			
				 (i)
			the Company is the surviving corporation; or

			
	
			
				 (ii)
			the resulting, surviving or transferee Person (if other than the Company) of such Reorganization Event (the “Reorganization Successor Corporation”):

			
	
			
				 (I)
			is a corporation organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia; and

			
	
			
				 (II)
			expressly assumes, by executing and delivering a supplemental indenture to the Trustee that is reasonably satisfactory in form to the Trustee in accordance with Section 9.03 hereof, all of the obligations of the Company under the Notes and this Indenture;

			
	
			
				 (b)
			immediately after giving effect to such Reorganization Event, no Default will have occurred and be continuing; and

		 

		

			-  35  -

		

 

			
	
			
				 (c)
			prior to the effective date of such Reorganization Event, the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that:

			
	
			
				 (i)
			such Reorganization Event and such supplemental indenture comply with Section 5.01(a) hereof; and

			
	
			
				 (ii)
			all conditions precedent to such Reorganization Event provided in this Indenture have been satisfied.

Section 5.02     Successor Substituted
		
			.  If any Reorganization Event occurs that complies with Sections 5.01(a)(ii) and 5.01(b) hereof, and the Company has complied with Section 5.01(c) hereof:
		

			
	
			
				 (a)
			from and after the date of such Reorganization Event, the Reorganization Successor Corporation for such Reorganization Event will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Reorganization Successor Corporation had been named as the Company herein; and

			
	
			
				 (d)
			except in the case of a Reorganization Event that is a lease, the Person named as the “Company” in the first paragraph of this Indenture or any successor (other than such Reorganization Successor Corporation) that will thereafter have become such in the manner prescribed in this Article 5 will be released from its obligations under this Indenture and may be dissolved, wound up and liquidated at any time.

			
	
			
				Article 6
			
DEFAULTS AND REMEDIES

Section 6.01     Events of Default
		
			.
		

			
	
			
				 (a)
			General.  Each of the following events will be an “Event of Default”:

			
	
			
				 (i)
			the Company fails to pay the principal of the Notes (including any Fundamental Change Repurchase Price or Redemption Price) when due at maturity, upon Redemption, repurchase upon a Fundamental Change, declaration of acceleration or otherwise;

			
	
			
				 (ii)
			the Company fails to pay any interest when due and such failure continues for a period of 30 days after the applicable due date;

			
	
			
				 (iii)
			the Company fails to give any Fundamental Change Notice, Redemption Notice or notice of a Make-Whole Fundamental Change, in each case, when due;

			
	
			
				 (iv)
			the Company fails to comply with its obligation to convert a Note in accordance with Article 10 hereof upon a Holder’s exercise of its conversion rights with respect to such Note;

			
	
			
				 (v)
			the Company fails to comply with its obligations under Article 5 hereof;

		 

		

			-  36  -

		

 

			
	
			
				 (vi)
			the Company fails to perform or observe any of its covenants or warranties in this Indenture or in the Notes (other than a covenant or agreement specifically addressed in clauses (i) through (iv) above) and such failure continues for a period of 30 days after (A) the Company receives notice of such failure from the Trustee or (B) the Company and the Trustee receive notice of such failure from Holders of at least 25% of the aggregate principal amount of then outstanding Notes;

			
	
			
				 (vii)
			the default by the Company or any Subsidiary with respect to any mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed by the Company and/or any Subsidiaries in excess of $20,000,000 in the aggregate, whether such indebtedness exists as of the Issue Date or is later created, if that default:

			
	
			
				 (A)
			results in such indebtedness becoming or being declared due and payable (prior to its express maturity); or

			
	
			
				 (B)
			constitutes a failure to pay the principal of, or interest on, such indebtedness when due and payable at its stated maturity, upon required repurchase, upon declaration or otherwise;

			
	
			
				 (viii)
			a final judgment for the payment of $20,000,000 or more (excluding any amounts covered by insurance) is rendered against the Company or any of its Subsidiaries, and such judgment is not discharged or stayed within 60 days after (i) the date on which all rights to appeal such judgment have expired if no appeal has commenced, or (ii) the date on which all rights to appeal have been extinguished;

			
	
			
				 (ix)
			the Company or any Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

			
	
			
				 (A)
			commences a voluntary case;

			
	
			
				 (B)
			consents to the entry of an order for relief against it in an involuntary case;

			
	
			
				 (C)
			consents to the appointment of a Custodian of it or for any substantial part of its property;

			
	
			
				 (D)
			makes a general assignment for the benefit of its creditors;

			
	
			
				 (E)
			takes any comparable action under any foreign laws relating to insolvency; or

			
	
			
				 (F)
			generally is not paying its debts as they become due; or

			
	
			
				 (x)
			a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

		 

		

			-  37  -

		

 

			
	
			
				 (A)
			is for relief against Company or any Significant Subsidiary in an involuntary case or proceeding;

			
	
			
				 (B)
			appoints a Custodian of the Company or any Significant Subsidiary, or for any substantial part of the property of the Company or any Significant Subsidiary;

			
	
			
				 (C)
			orders the winding up or liquidation of the Company or any Significant Subsidiary; or

			
	
			
				 (D)
			grants any similar relief under any foreign laws;

		
			and, in each such case, the order or decree remains unstayed and in effect for 60 days.
		

			
	
			
				 (b)
			Cause Irrelevant.  Each of the events enumerated in Section 6.01(a) hereof will constitute an Event of Default whatever the cause and regardless of whether voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

Section 6.02     Acceleration
		
			.
		

			
	
			
				 (a)
			Automatic Acceleration in Certain Circumstances.  If an Event of Default specified in Sections 6.01(a)(ix) or 6.01(a)(x) hereof occurs with respect to the Company, the principal amount of, and all accrued and unpaid interest, if any, on, all of the then outstanding Notes will immediately become due and payable without any further action or notice by any party.

			
	
			
				 (c)
			Optional Acceleration.  If any other Event of Default occurs and is continuing, the Trustee, by delivering a  written notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a  written notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes immediately due and payable, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes will immediately become due and payable.

			
	
			
				 (d)
			Rescission of Acceleration.  Notwithstanding anything to the contrary in this Indenture, the Holders of a majority of the aggregate principal amount of the then outstanding Notes may, on behalf of the Holders of all of the then outstanding Notes, rescind any acceleration of the Notes and its consequences hereunder by delivering notice to the Trustee if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all existing Events of Default  (other than the nonpayment of the principal of, interest, if any, on, or the Fundamental Change Repurchase Price or the Redemption Price for, the Notes that has become due solely as a result of acceleration) have been cured or waived.  No such rescission will affect any subsequent Default or impair any right consequent thereto.

Section 6.03     Other Remedies
		
			.  If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Repurchase Price or Redemption Price for, the 
		

		 

		

			-  38  -

		

 

		Notes or to enforce the performance of any provision of the Notes or this Indenture regarding any other matter.
		

		
			The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of the Notes in the proceeding.  A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default will not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.  No remedy is exclusive of any other remedy.  All available remedies are cumulative.
		
Section 6.04     Sole Remedy for Failure to Report
		
			.
		

			
	
			
				 (a)
			General.  Notwithstanding anything to the contrary in the Notes or in this Indenture, the Company may elect that the sole remedy for any Event of Default specified in Section 6.01(a)(vi) hereof relating to the Company’s failure to comply with Section 4.02 hereof (including the Company’s obligations under Section 314(a)(1) of the Trust Indenture Act) (a “Reporting Event of Default”) will, for the period beginning on the date on which such Reporting Event of Default first occurred and ending on the earlier of (A) the date on which such Reporting Event of Default is cured or validly waived in accordance with Section 6.05 hereof and (B) the 60th calendar day immediately following the date on which such Reporting Event of Default first occurred, consist of the right to receive additional interest (the “Extension Fee”) on the Notes at a rate equal to 0.50% per annum on the principal amount of the then-outstanding Notes.  Any Extension Fee will be payable in the same manner and on the same dates as the stated interest payable on the Notes.

			
	
			
				 (e)
			Limitation on Remedy.  If (i) a Reporting Event of Default occurs and the Company elects that the sole remedy with respect to such Reporting Event of Default will be the Extension Fee and (ii) on the 61st day immediately following, and including, the date on which such Reporting Event of Default first occurred, such Reporting Event of Default has not been cured or validly waived in accordance with Section 6.05 hereof, then the Notes will become subject to acceleration under Section 6.02(a) hereof on account of such Reporting Event of Default.

			
	
			
				 (f)
			Company Election Notice.  To elect to pay the Extension Fee as the sole remedy for a Reporting Event of Default, the Company must deliver notice of such election to the Holders, the Paying Agent and the Trustee prior to the date on which such Reporting Event of Default first occurs.  Any such notice must include a brief description of the report that the Company failed, or will fail, to file, a statement that the Company is electing to pay the Extension Fee and the date on which such Reporting Event of Default will occur.

		
			If a Reporting Event of Default occurs and the Company fails to timely deliver such notice for such Reporting Event of Default, the Notes will be subject to acceleration under Section 6.02(a) hereof on account of such Reporting Event of Default.
		

			
	
			
				 (g)
			Other Events of Default.  Notwithstanding anything to the contrary herein, if the Company elects to pay the Extension Fee with respect to any Reporting Event of Default, the Company’s election will not affect the rights of any Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default; provided, that, for the 
		

		 

		

			-  39  -

		

 

			avoidance of doubt, in no event will the Company be obligated to pay the Extension Fee at a rate greater than 0.50% per annum on the principal amount of then outstanding Notes.

Section 6.05     Waiver of Past Defaults
		
			.  If an Event of Default described in Sections 6.01(a)(i),  6.01(a)(ii),  6.01(a)(iii),  6.01(a)(iv) or 6.01(a)(vi) (which, in the case of Section 6.01(a)(vi) only, relates to a covenant that cannot be amended without the consent of each affected Holder) or a Default that would lead to such an Event of Default occurs and is continuing, such Event of Default or Default may be waived only with the consent of each affected Holder.  Every other Event of Default or Default may be waived by the Holders of a majority of the aggregate principal amount of then outstanding Notes.  Whenever any Event of Default is so waived, it will cease to exist, and whenever any Default is so waived, it will be deemed cured and any Event of Default arising therefrom will be deemed not to occur.  However, no such waiver will extend to any subsequent or other Default or Event of Default or impair any consequent right.
		
Section 6.06     Control by Majority
		
			.  At any time, the Holders of a majority of the aggregate principal amount of then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or for exercising any trust or power conferred on the Trustee.  However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01 hereof, that the Trustee determines to be unduly prejudicial to the rights of a Holder or to the Trustee (it being understood that the Trustee does not have an affirmative duty to determine whether any action is prejudicial to any Holder), or that would potentially involve the Trustee in personal liability unless the Trustee is offered, and if requested, provided indemnity or security satisfactory to it against any loss, liability or expense to the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee.  Prior to taking any action hereunder, the Trustee will be entitled to indemnification satisfactory to it against all losses, liabilities and expenses caused by taking or not taking such action.
		
Section 6.07      Limitation on Suits
		
			.  Except to enforce (i) its rights to receive the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, interest, if any, on, a Note, or (ii) the failure of the Company to comply with its obligations under Article 10 to convert any Note, no Holder may pursue a remedy with respect to this Indenture or the Notes unless:
		

			
	
			
				 (a)
			such Holder has previously delivered to the Trustee written notice that an Event of Default has occurred and is continuing;

			
	
			
				 (h)
			the Holders of at least 25% of the aggregate principal amount of then-outstanding Notes deliver to the Trustee a written request that the Trustee pursue a remedy with respect to such Event of Default;

			
	
			
				 (i)
			such Holder or Holders have offered and, if requested, provided, to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or other expense of compliance with such written request;

			
	
			
				 (j)
			the Trustee has not complied with such written request within 60 days after receipt of such written request and offer of security or indemnity; and

		 

		

			-  40  -

		

 

			
	
			
				 (k)
			during such 60-day period, the Holders of a majority of the aggregate principal amount of then outstanding Notes did not deliver to the Trustee a direction inconsistent with such written request.

		
			A Holder may not use this Indenture to prejudice the rights of any other Holder or to obtain a preference or priority over any other Holder, it being understood that the Trustee does not have any affirmative duty to ascertain whether any usage of this Indenture by a Holder is unduly prejudicial to such other Holders.
		
Section 6.08     Rights of Holders To Receive Payment
		
			.  Notwithstanding any other provision of this Indenture, the right of any Holder to receive of any payment of the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, accrued and unpaid interest, if any, on, and any consideration due under Article 10 upon conversion of, its Note, on or after the respective due dates therefor as provided in this Indenture, and to institute suit for the enforcement of such rights, will not be impaired or affected without the consent of such Holder and will not be subject to the requirements of Section 6.07 hereof.
		
Section 6.09      Collection Suit by Trustee
		
			.  If an Event of Default specified in Section 6.01(a)(i),  6.01(a)(ii),  6.01(a)(iii),  6.01(a)(iv) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, the Fundamental Change Repurchase Price or the Redemption Price for, interest, if any, on, and the Conversion Consideration, if any, due upon conversion of, the Notes, and, to the extent lawful, any Default Interest on any Defaulted Amounts, and such further amount as is sufficient to cover the costs and expenses of collection provided for under Section 7.06 hereof.
		
Section 6.10     Trustee May File Proofs of Claim
		
			.  The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its property and, unless prohibited by law or applicable regulations, will be entitled to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee consents to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof.  To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured by a lien on, and will be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.  Nothing herein contained will be deemed to authorize the Trustee to authorize or consent to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.
		

		 

		

			-  41  -

		

 
Section 6.11     Priorities
		
			.  If the Trustee collects any money or property pursuant to this Article 6, it will pay out the money or property in the following order:
		

		
			FIRST:  to the Trustee, its agents and attorneys for amounts due under Section 7.06 hereof, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;
		

		
			SECOND:  to the Holders, for any amounts due and unpaid on the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, accrued and unpaid interest on, and any Conversion Consideration due upon the conversion of, any Note, without preference or priority of any kind, according to such amounts due and payable on all of the Notes; and
		

		
			THIRD:  the balance, if any, to the Company or to such other party as a court of competent jurisdiction directs.
		

		
			The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section 6.11.  If the Trustee so fixes a record date and a payment date, at least 15 days prior to such record date, the Company will deliver to each Holder and the Trustee a written notice, which notice will state such record date, such payment date and the amount of such payment.
		
Section 6.12      Undertaking for Costs
		
			.  In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant.  This Section 6.12 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.08 hereof or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes.
		

			
	
			
				Article 7
			
TRUSTEE

Section 7.01     Duties of Trustee
		
			.
		

			
	
			
				 (a)
			If an Event of Default has occurred and is continuing, the Trustee will exercise the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs.

			
	
			
				 (b)
			Except during the continuance of an Event of Default:

			
	
			
				 (i)
			the Trustee undertakes to perform such duties, and only such duties, as are specifically set forth in this Indenture, and no implied covenants or obligations will be read into this Indenture against the Trustee; and

		 

		

			-  42  -

		

 

			
	
			
				 (ii)
			in the absence of bad faith on its part, the Trustee may conclusively rely upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture.

			
	
			
				 (c)
			The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

			
	
			
				 (i)
			this paragraph does not limit the effect of Section 7.01(b) hereof;

			
	
			
				 (ii)
			the Trustee will not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and

			
	
			
				 (iii)
			the Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Sections 6.06, 12.03 or 12.04 hereof.

			
	
			
				 (d)
			Whether herein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to Sections 7.01(a),  (b), (c) and (g) hereof.

			
	
			
				 (e)
			The Trustee will not be liable for interest on any money received by it or risk or expend any of its own funds.

			
	
			
				 (f)
			Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

			
	
			
				 (g)
			No provision of this Indenture will require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers.

			
	
			
				 (h)
			Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee will be subject to the provisions of this Article 7, and the provisions of this Article 7 will apply to the Trustee, Registrar, Paying Agent and Conversion Agent.

			
	
			
				 (i)
			The Trustee will not be deemed to have notice of a Default or an Event of Default unless (i) a Trust Officer of the Trustee has received written notice at its Corporate Trust Office thereof from the Company or any Holder and such notice references the Notes and this Indenture and states that it is a “Notice of Default” or (ii) a Trust Officer has actual knowledge thereof.

Section 7.02     Rights of Trustee
		
			.
		

			
	
			
				 (a)
			The Trustee may conclusively rely upon and shall be protected in acting or refraining from acting upon any  document believed by it to be genuine and to have been signed or presented by the proper person.  The Trustee need not investigate any fact or matter stated in the document.  The Trustee may, however, in its discretion make such further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee determines to make such further inquiry or investigation, it will be entitled to examine the books, records and premises of 
		

		 

		

			-  43  -

		

 

			the Company, personally or by agent or attorney and at the expense of the Company, and will incur no liability of any kind by reason of such inquiry or investigation.

			
	
			
				 (j)
			Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both.  The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

			
	
			
				 (k)
			The Trustee may act through agents, attorneys or custodians and will not be responsible for the misconduct or negligence of any agent, attorney or custodian appointed with due care.

			
	
			
				 (l)
			So long as the Trustee’s conduct does not constitute willful misconduct or negligence, the Trustee will not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture.

			
	
			
				 (m)
			The Trustee may consult with counsel of its own selection, and the advice or opinion of such counsel with respect to legal matters relating to this Indenture and the Notes will be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel.

			
	
			
				 (n)
			The permissive rights of the Trustee to do things enumerated in this Indenture will not be construed as a duty unless so specified herein.

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

			
	
			
				 (p)
			The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder, including the Registrar, Paying Agent and Conversion Agent.

			
	
			
				 (q)
			The Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any Person authorized to sign an Officers’ Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded.

			
	
			
				 (r)
			In no event will the Trustee be responsible or liable for special, indirect, punitive, incidental or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.

Section 7.03     Individual Rights of Trustee
		
			.  The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company 
		

		 

		

			-  44  -

		

 

		or its Affiliates with the same rights it would have if it were not Trustee.  However, if the Trustee acquires any conflicting interest it must eliminate the conflict within 90 days or resign.  Any Paying Agent, Registrar, Conversion Agent or co-registrar may do the same with like rights.  However, the Trustee must comply with Section 7.09 hereof.
		
Section 7.04     Trustee’s Disclaimer
		
			.  The Trustee will not be responsible for and makes no representation as to the validity, priority or adequacy of this Indenture or the Notes, it will not be accountable for the Company’s use of the proceeds from the Notes, and it will not be responsible for any statement of the Company in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication.
		
Section 7.05     Notice of Defaults
		
			.  If a Default occurs and is continuing and is actually known to a  Trust Officer of the Trustee, the Trustee will send to each Holder notice of the Default within 90 days after such Default first occurs, or, if it is not known to the Trustee at such time, as soon as practicable after it is known to the Trustee;  provided,  however, that except in the case of a Default that is, or would lead to, an Event of Default described in Section 6.01(a)(i),  6.01(a)(ii),  6.01(a)(iii),  6.01(a)(iv) hereof, the Trustee may withhold the notice if and so long as the Trustee in good faith determines that withholding the notice is in the interests of Holders.
		
Section 7.06     Compensation and Indemnity
		
			.
		

			
	
			
				 (a)
			The Company will pay to the Trustee, from time to time, such compensation as will be agreed upon, from time to time, in writing for its services.  The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust.  The Company will reimburse the Trustee upon request for all reasonable out-of-pocket fees and expenses incurred or made by it, including costs of collection, in addition to the compensation for its services.  Such expenses will include the reasonable compensation, fees and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts.  The Company will fully indemnify the Trustee against any and all loss, liability, claim, damage or expense (including reasonable attorneys’ fees and expenses) incurred by it in connection with the acceptance and administration of this trust and the performance of its duties hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company, any Holder or any other Person).  The Trustee will notify the Company promptly of any claim for which it may seek indemnity.  Failure by the Trustee to so notify the Company of any claim for which it may seek indemnity of which a Trust Officer has actually received written notice will not relieve the Company of its obligations hereunder except to the extent such failure is adjudicated by a court of competent jurisdiction to have materially prejudiced the Company.  The Company will defend the claim and the Trustee will cooperate in the defense.  If the Trustee is advised by counsel that it may have available to it defenses that are in conflict with the defenses available to the Company, then the Trustee may have separate counsel, and the Company will pay the reasonable fees and expenses of such counsel.  The Company will pay the reasonable fees and expenses of counsel to the Trustee incurred in evaluating whether such defense and/or conflict exists. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence.  The Company need not pay for any settlement made by the Trustee without the Company’s consent, such consent not to be unreasonably withheld.  All indemnifications and releases from liability granted hereunder 
		

		 

		

			-  45  -

		

 

			to the Trustee will extend to its officers, directors, employees, agents, attorneys, custodians, successors and assigns.

			
	
			
				 (s)
			To secure the Company’s payment obligations under this Section 7.06, the Trustee will have a lien prior to the Notes on all money or property held or collected by the Trustee, other than money or property held in trust to pay the principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Repurchase Price or Redemption Price on particular Notes.

			
	
			
				 (t)
			The Company’s payment obligations pursuant to this Section 7.06 will survive the resignation or removal of the Trustee and the discharge of this Indenture.   If the Trustee incurs expenses after the occurrence of a Default specified in Sections 6.01(a)(ix) or 6.01(a)(x) hereof with respect to the Company, the expenses are intended to constitute expenses of administration under the Bankruptcy Law.

Section 7.07     Replacement of Trustee
		
			.
		

			
	
			
				 (a)
			The Trustee may resign at any time by notifying the Company, in writing, at least 30 days prior to the proposed resignation.  The Holders of a majority in aggregate principal amount of then outstanding Notes may remove the Trustee by notifying the Trustee, in writing at least 30 days prior to such removal.  The Company may remove the Trustee if:

			
	
			
				 (i)
			the Trustee fails to comply with Section 7.09 hereof;

			
	
			
				 (ii)
			the Trustee is adjudged bankrupt or insolvent;

			
	
			
				 (iii)
			a receiver or other public officer takes charge of the Trustee or its property; or

			
	
			
				 (iv)
			the Trustee otherwise becomes incapable of acting.

			
	
			
				 (u)
			If the Trustee resigns, is removed by the Company or by the Holders of a majority in aggregate principal amount of the Notes then outstanding, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company will promptly appoint a successor Trustee.

			
	
			
				 (v)
			A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company.  Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture.  The successor Trustee will send a notice of its succession to Holders.  The retiring Trustee will, upon payment of all of its costs and the costs of its agents and counsel, promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.06 hereof.

			
	
			
				 (w)
			If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% of the aggregate principal amount of the Notes then outstanding may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee.

		 

		

			-  46  -

		

 

			
	
			
				 (x)
			If the Trustee, after written request by any Holder, fails to comply with Section 7.09 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

			
	
			
				 (y)
			Notwithstanding the replacement of the Trustee pursuant to this Section 7.07, the Company’s obligations under Section 7.06 hereof will continue for the benefit of the retiring Trustee.

Section 7.08     Successor Trustee by Merger
		
			.
		

			
	
			
				 (a)
			If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act will be the successor Trustee.

			
	
			
				 (z)
			In case at the time such successor or successors by merger, conversion or consolidation to the Trustee succeeds to the trusts created by this Indenture, any of the Notes have been authenticated, but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and, in case at that time any of the Notes have not been authenticated, any such successor to the Trustee may authenticate such Notes, either in the name of any predecessor Trustee hereunder or in the name of the successor to the Trustee.

Section 7.09     Eligibility; Disqualification
		
			.  The Trustee will have (or, in the case of a corporation included in a bank holding company system, the related bank holding company will have) a combined capital and surplus of at least $100,000,000, as set forth in its (or its related bank holding company’s) most recent published annual report of condition.
		
Section 7.10     Trustee’s Application for Instructions from the Company
		
			.  Any application by the Trustee for written instructions from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action will be taken or such omission will be effective.  The Trustee will not be liable to the Company for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date will not be less than three Business Days after the date any Officer actually receives such application, unless any such Officer has consented in writing to any earlier date), unless prior to taking any such action (or the effective date in the case of any omission), the Trustee has received written instructions in response to such application specifying the action to be taken or omitted.
		

			
	
			
				Article 8
			
SATISFACTION AND DISCHARGE

Section 8.01     Discharge of Liability on Notes
		
			.  When (a)(i) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.10 hereof) for cancellation or (ii) all outstanding Notes have become due and payable, and the Company irrevocably deposits with the Trustee (and, if applicable, solely to satisfy amounts due and owing 
		

		 

		

			-  47  -

		

 

		as a result of conversions of the Notes, delivers shares of Common Stock (or other Reference Property) due upon such conversions to the converting Holders), cash (including, if applicable, and cash in lieu of fractional shares of Common Stock or Reference Property Units), sufficient to pay all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.10 hereof), (b) the Company pays all other sums payable by it under this Indenture with respect to the then outstanding Notes and (c) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all of the applicable conditions precedent to the discharge of this Indenture described in this section have been satisfied, then, subject to Section 7.06 hereof, this Indenture will cease to be of further effect with respect to the Notes and the Holders and the Trustee will acknowledge the satisfaction and discharge of this Indenture with respect to the Notes.
		

		
			Notwithstanding the satisfaction and discharge of this Indenture, (i) any obligation of the Company to any Holder under Article 10 hereof with respect to the conversion of any Note or to the Trustee under Article 7 hereof with respect to compensation or indemnity, and (ii) any obligation of the Trustee with respect to money deposited with the Trustee under this Article 8 and Section 12.02 hereof will survive.
		
Section 8.02     Repayment to the Company
		
			.  Subject to any applicable unclaimed property law, the Trustee and the Paying Agent, upon receiving a written request from the Company, will promptly turn over to the Company any cash,  securities, including shares of Common Stock, or other property held for payment on the Notes that remains unclaimed two years after the date on which such payment was due.  After the Trustee and the Paying Agent return such cash and securities, including shares of the Common Stock, to the Company, the Trustee and the Paying Agent will have no further liability to any Holder with respect to such cash, securities, including shares of Common Stock, or other property, and any Holder entitled to the payment of such cash, securities, including shares of Common Stock, or other property under the Notes or this Indenture must look to the Company for payment as a  general creditor of the Company.
		

			
	
			
				Article 9
			
AMENDMENTS, SUPPLEMENTS AND WAIVERS

Section 9.01     Without Consent of Holders
		
			.  Notwithstanding anything to the contrary in Section 9.02,  the Company and the Trustee may amend or supplement this Indenture or the Notes without the consent of any Holder:
		

			
	
			
				 (a)
			to add guarantees with respect to the Company’s obligations under this Indenture or the Notes;

			
	
			
				 (b)
			to secure the Notes;

			
	
			
				 (c)
			to provide for the assumption of the Company’s obligations under this Indenture and under the Notes by a Reorganization Successor Corporation as described in Article 5 hereof;

			
	
			
				 (d)
			to provide for the assumption of the Company’s obligations under this Indenture and under the Notes by a Successor Person as provided in Section 10.08;

		 

		

			-  48  -

		

 

			
	
			
				 (e)
			to surrender any right or power conferred upon the Company under this Indenture;

			
	
			
				 (f)
			to add to the Company’s covenants for the benefit of the Holders;

			
	
			
				 (g)
			to cure any ambiguity or correct any inconsistency or defect in this Indenture or in the Notes that does not adversely affect Holders;

			
	
			
				 (h)
			to enter into supplemental indentures pursuant to, and in accordance with, Section 10.08 in connection with a Common Stock Change Event;

			
	
			
				 (i)
			to comply with any requirement of the SEC in connection with any qualification of this Indenture or a supplement hereto under the TIA;

			
	
			
				 (j)
			to irrevocably elect or eliminate a Settlement Method or a Specified Dollar Amount provided,  however, that no such election or elimination will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note pursuant to Section 10.03;

			
	
			
				 (k)
			to evidence the acceptance of appointment by a successor Trustee, Registrar, Paying Agent or Conversion Agent with respect to this Indenture;

			
	
			
				 (l)
			to comply with the rules of any applicable depositary;

			
	
			
				 (m)
			to provide for or confirm the issuance of additional Notes pursuant to this Indenture;

			
	
			
				 (n)
			provide for any transfer restrictions that apply to any Notes issued under the Indenture (other than the Initial Notes) that, at the time of their original issuance, constitute “restricted securities” within the meaning of Rule 144 under the Securities Act or that are originally issued in reliance upon Regulation S under the Securities Act; or

			
	
			
				 (o)
			to conform the provisions of this Indenture to the “Description of Notes” section of the Preliminary Prospectus Supplement, as supplemented by the Pricing Term Sheet; or

			
	
			
				 (p)
			to make any other change; provided that such change individually, or in the aggregate with all other such changes, does not have, and will not have, an adverse effect on the interest of the Holders.

Section 9.02     With Consent of Holders
		
			.  With the written consent of the Holders of at least a majority of the aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a repurchase of, or tender offer or exchange offer for, Notes), by Act of such Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, may amend or supplement this Indenture or the Notes or waive compliance with any provision of this Indenture or the Notes; provided,  however, that, without the consent of each affected Holder, no amendment or supplement to this Indenture or the Notes, or waiver of any provision of this Indenture or the Notes, may:
		

			
	
			
				 (a)
			reduce the principal amount of, or change the Maturity Date of, any Note;

			
	
			
				 (q)
			reduce the rate of, or extend the stated time for payment of, interest on any Note;

		 

		

			-  49  -

		

 

			
	
			
				 (r)
			reduce the Fundamental Change Repurchase Price or the Redemption Price of any Note or change the time at which, or the circumstances under which, the Notes may, or will be, redeemed or repurchased;

			
	
			
				 (s)
			impair the right of any Holder to receive any payment on any Note, including with respect to any consideration due upon conversion of a Note, or to institute suit to enforce such right;

			
	
			
				 (t)
			make any Note payable in a currency other than that stated in the Note;

			
	
			
				 (u)
			make any change that impairs or adversely affects the conversion rights of any Holder under Article 10 hereof or otherwise reduces the number of shares of Common Stock, amount of cash or any other property receivable by a Holder upon conversion;

			
	
			
				 (v)
			change the ranking of the Notes;

			
	
			
				 (w)
			reduce any voting requirements included in this Indenture;

			
	
			
				 (x)
			make any change to any amendment, modification or waiver provision of this Indenture that requires the consent of each affected Holder; or

			
	
			
				 (y)
			reduce the percentage of the aggregate principal amount of then outstanding Notes whose Holders must consent to an amendment of this Indenture or a waiver of a past default.

		
			It will not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, but it will be sufficient if such consent approves the substance of such proposed amendment.
		
Section 9.03     Execution of Supplemental Indentures
		
			.  Upon the request of the Company, the Trustee will sign any supplemental indenture authorized pursuant to this Article 9 if the amendment contained therein does not affect the rights, duties, liabilities or immunities of the Trustee under this Indenture.  If the supplemental indenture adversely affects the Trustee’s rights, duties, liabilities or immunities under this Indenture, then the Trustee may, but need not, sign such supplemental indenture.  In executing any such supplemental indenture, the Trustee will be provided with, and, subject to the provisions of Section 7.01 hereof, will be fully protected in conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such supplemental indenture is authorized and permitted under this Indenture.
		
Section 9.04     Notices of Supplemental Indentures
		
			.  After an amendment or supplement to this Indenture or the Notes pursuant to Sections 9.01 or 9.02 hereof becomes effective, the Company will promptly deliver notice to the Trustee, which notice will briefly describe the substance of such amendment or supplement to this Indenture in reasonable detail and state the effective date of such amendment or supplement.  The Company, or the Trustee, at the direction of the Company, will then promptly deliver a copy of such notice to each Holder.  The failure to deliver such notice to each Holder, or any defect in such notice, will not impair or affect the validity of such amendment or supplement to this Indenture.
		

		 

		

			-  50  -

		

 
Section 9.05     Effect of Supplemental Indentures
		
			.  Upon the execution of any supplemental indenture under this Article 9:
		

			
	
			
				 (a)
			this Indenture will be modified in accordance therewith;

			
	
			
				 (z)
			such supplemental indenture will form a part of this Indenture for all purposes; and

			
	
			
				 (aa)
			every Holder of Notes theretofore, or thereafter, authenticated and delivered hereunder will be bound thereby.

Section 9.06     Revocation and Effect of Consents, Waivers and Actions
		
			.
		

			
	
			
				 (a)
			Revocation.  Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder, and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note.  However, any such Holder, or subsequent Holder, may revoke the consent as to its Note or portion of a Note if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective.

			
	
			
				 (bb)
			Special Record Dates.  The Company may, but is not obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required, or permitted, to be taken pursuant to this Indenture.  If a record date is fixed, then those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, will be entitled to give such consent, to revoke any consent previously given or to take any such action, regardless of whether such Persons continue to be Holders after such record date.  No such consent will be valid or effective for more than 120 days after such record date.

			
	
			
				 (cc)
			Binding Effect.  After an amendment, supplement or waiver becomes effective, it will bind every applicable Holder.  Any amendment or supplement will become effective in accordance with the terms of the supplemental indenture relating thereto, which will become effective upon the execution thereof by the Trustee.

Section 9.07     Notation on, or Exchange of, Notes
		
			.  If any amendment, supplement or waiver changes the terms of a Note, the Trustee may require the Holder of such Note to deliver such Note to the Trustee.  The Trustee may place an appropriate notation on such Note about the changed terms and return it to the Holder.  Alternatively, if the Company or the Trustee so determines, the Company, in exchange for the Note, will issue and the Trustee will authenticate a new Note that reflects the changed terms.
		

			
	
			
				Article 10
			
CONVERSIONS

Section 10.01     Right To Convert
		
			.
		

			
	
			
				 (a)
			In General.  Subject to, and upon compliance with, the provisions of this Article 10, a Holder may, at its option, convert all of its Notes, or any portion of its Notes having a 
		

		 

		

			-  51  -

		

 

			principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof,  (i) subject to satisfaction of the conditions set forth in Section 10.01(b), at any time prior to the Close of Business on the Business Day immediately preceding September 15, 2026, under the circumstances and during the periods set forth in Section 10.01(b), and (ii) irrespective of the conditions set forth in Section 10.01(b), on or after September 15, 2026, and prior to the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date, in each case, into Conversion Consideration, as provided in this Article 10, based on the Conversion Rate.    Notes may not be converted after the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date.

			
	
			
				 (b)
			Conditions to Conversions Prior to the Close of Business on the Business Day Immediately Preceding September 15, 2026.  Prior to the Close of Business on the Business Day immediately preceding September 15, 2026, no Notes may be converted except under the circumstances and during the periods set forth below in this Section 10.01(b).

			
	
			
				 (i)
			Conversion Upon Satisfaction of Sale Price Condition.  Prior to the Close of Business on the Business Day immediately preceding September 15, 2026, a Holder may present its Notes for conversion during any calendar quarter commencing after the calendar quarter ending on June 30, 2021 (and only during such calendar quarter), if the Last Reported Sale Price per share of the Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading days ending on, and including, the last Trading Day of the immediately preceding calendar quarter is greater than one hundred and thirty percent (130%) of the Conversion Price on such Trading Day.

			
	
			
				 (ii)
			Conversion Upon Satisfaction of Trading Price Condition.  Prior to the Close of Business on the Business Day immediately preceding September 15, 2026, a Holder may convert its Notes during the five (5) consecutive Business Day period immediately after any five (5) consecutive Trading Day period (such five consecutive Trading Day period, the “Measurement Period”) in which the Trading Price per $1,000 principal amount of the Notes, as determined following a request by a Holder in accordance with the procedures set forth below, for each Trading Day of the Measurement Period was less than ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate on such Trading Day.  The condition set forth in the preceding sentence is herein referred to as the “Trading Price Condition.”

		
			The Trading Price shall be determined by the Bid Solicitation Agent pursuant to this Section 10.01(b)(ii) and the definition of Trading Price set forth herein.    The Bid Solicitation Agent (if other than the Company) shall have no obligation to determine the Trading Price per $1,000 principal amount of the Notes unless the Company has requested such determination in writing, and the Company will have no obligation to make such request (or seek bids itself) unless a Holder of at least $2.0 million aggregate principal amount of Notes provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of the Notes would be less than ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.  At such time, the Company shall, or shall instruct the Bid Solicitation Agent to, determine the Trading Price per $1,000 principal amount 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 ninety eight percent (98%) of 
		

		 

		

			-  52  -

		

 

		the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.  If the Trading Price condition has been met, the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing, and each of the Holders, the Trustee and the Conversion Agent will be entitled to rely conclusively on the accuracy of such notice and any calculations therein without independent verification.  If, on any Trading Day after the Trading Price Condition has been met, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate for such Trading Day,  the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing.
		

			
	
			
				 (iii)
			Conversion Upon Specified Corporate Events.

			
	
			
				 (A)
			Certain Distributions.  If, prior to the Close of Business on the Business Day immediately preceding September 15, 2026,  the Company elects to:

			
	
			
				 (I)
			issue, to all or substantially all holders of the Common Stock, any rights, options or warrants entitling them, for a period of not more than sixty (60) calendar days after the record date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share less than the average of the Last Reported Sale Prices of the Common Stock for the ten (10) consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or

			
	
			
				 (III)
			distribute, to all or substantially all holders of the Common Stock,  the Company’s assets, debt securities or rights to purchase the Company’s securities, which distribution has a per share value, as reasonably determined by the Board of Directors, exceeding ten percent (10%) of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the date of announcement for such distribution,

		
			then, in either case, (x) the Company must notify Holders, the Trustee and the Conversion Agent at least thirty (30) Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution; and (y) once the Company has given such notice to the Holders,  Holders may convert their Notes at any time until the earlier of 5:00 p.m., New York City time, on the Business Day immediately preceding such Ex-Dividend Date and the Company’s announcement that such issuance or distribution will not take place.
		

			
	
			
				 (D)
			Certain Corporate Events.  If, prior to the Close of Business on the Business Day immediately preceding September 15, 2026, either (i) a transaction or event that constitutes a Fundamental Change occurs; (ii) a transaction or event that constitutes a Make-Whole Fundamental Change (other than a Make-Whole Fundamental Change pursuant to clause (ii) of the definition thereof) occurs; or (iii) the Company is a party to a consolidation, merger, binding share exchange, or a transfer or lease of all or substantially all of the Company’s assets, or any other transaction, in each case under this clause (iii) pursuant to which the Common Stock would be converted into or exchanged for, or would constitute solely the right to receive, cash, securities or other property, then the Notes may be converted at any time from and after the effective date of the transaction or event until the earlier of (x) thirty five (35) Trading Days after the actual effective date of such transaction or event (or, if later, the date on which the Company provides notice of such 
		

		 

		

			-  53  -

		

 

			transaction or event) or, if such transaction or event also constitutes a Fundamental Change, the related Fundamental Change Repurchase Date; and (y) the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date.  No later than the Business Day after the effective date of such transaction or event, the Company shall notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing of such transaction, its effective date and the related right to convert Notes.

			
	
			
				 (iv)
			Conversion Based on Redemption.  If the Company calls a Note for Redemption, then the Holder of such Note may surrender the Note for conversion at any time before the Close of Business on the Business Day immediately preceding the Redemption Date.

			
	
			
				 (c)
			Closed Periods.  Notwithstanding anything to the contrary in this Indenture, (i) if the Company calls the Notes for redemption in accordance with Article 11 hereof, a Holder may not convert its Notes after the Close of Business on the Business Day immediately preceding the applicable Redemption Date except to the extent the Company fails to pay the Redemption Price for such Notes in accordance with Section 11.05 hereof, and (ii) if a Holder tenders a Repurchase Notice with respect to its Notes in accordance with Article 3 hereof, such Notes may not be converted except to the extent (A) such Notes are not subject to such Repurchase Notice; (B) such Repurchase Notice is withdrawn in accordance with Article 3 hereof; or (C) the Company fails to pay the Fundamental Change Repurchase Price for such Notes in accordance with Section 3.08 hereof.

Section 10.02     Conversion Procedures
		
			.
		

			
	
			
				 (a)
			General.  To exercise its conversion right with respect to a beneficial interest in a Global Note, the owner of such beneficial interest must (i) comply with the Applicable Procedures for converting such beneficial interest; (ii) pay any funds equal to interest payable on the next Interest Payment Date that such Holder is required to pay under clause (d) of this Section 10.02; and (iii) pay any taxes or duties that such Holder is required to pay under the proviso to clause (e) of this Section 10.02.

		
			To exercise its conversion right with respect to a Definitive Note, the Holder of such Note must (i) complete and manually sign the conversion notice on the back of the Note, or a facsimile of such conversion notice (such notice, or such facsimile, the “Conversion Notice”); (ii) deliver such signed and completed Conversion Notice and such Note to the Conversion Agent at its office; (iii) furnish any endorsements and transfer documents that the Company, Conversion Agent, Trustee or Transfer Agent may require; (iv) pay any funds equal to interest payable on the next Interest Payment Date that such Holder is required to pay under clause (d) of this Section 10.02; and (v) pay any taxes or duties that such Holder is required to pay under the proviso to clause (e) of this Section 10.02.
		

		
			The first Business Day on which a Holder satisfies the foregoing requirements with respect to a Note and on which conversion of such Note is not otherwise prohibited under this Indenture will be the “Conversion Date” for such Note.
		

		 

		

			-  54  -

		

 

		
			The conversion of any Note will be deemed to occur at the Close of Business on the Conversion Date for such Note, and any converted Note or portion thereof will cease to be outstanding upon conversion.
		

			
	
			
				 (d)
			Holder of Record.  If a Holder surrenders the entire principal amount of a Note for conversion, such Person will no longer be the Holder of such Note as of the Close of Business on the Conversion Date for such Note.

		
			The person in whose name any shares of Common Stock shall be issuable upon conversion of any Note will become the holder of record of such shares as of the Close of Business on the Conversion Date for such conversion, in the case of Physical Settlement, or the last Trading Day of the relevant Observation Period, in the case of Combination Settlement.
		

			
	
			
				 (e)
			Conversions in Part.  If a Holder surrenders only a portion of the principal amount of a Definitive Note for conversion, promptly after the Conversion Date for such portion, the Company will, in accordance with Section 2.05 hereof, execute and deliver to the Trustee, and the Trustee will, upon receipt of a Company Order and the documents required by Sections 12.03 and 12.04 hereof, in accordance with Section 2.05 hereof, authenticate and deliver to such Holder a new Definitive Note in an authorized denomination, having a principal amount equal to the aggregate principal amount of the unconverted portion of the Definitive Note surrendered for conversion and bearing registration numbers not contemporaneously outstanding.

		
			Upon the conversion of any beneficial interest in a Global Note, the Conversion Agent will promptly request that the Trustee make a notation on the “Schedule of Increases and Decreases of Global Note” of such Global Note to reduce the principal amount represented by such Global Note by the principal amount of the converted beneficial interest.   If all of the beneficial interests in a Global Note are so converted, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures.
		

			
	
			
				 (f)
			Reimbursement of Interest upon Conversion.  If a Holder converts a Note after the Close of Business on a Regular Record Date, but prior to the Open of Business on the Interest Payment Date corresponding to such Regular Record Date, then (x) the Holder of such Note at the Close of Business on such Regular Record Date shall be entitled, notwithstanding such conversion, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that has accrued on such Note to, but excluding, such Interest Payment Date; and (y) the Holder of such Note must, upon surrender of such Note for conversion, accompany such Note with an amount of cash equal to the amount of interest that will be payable on such Note on such Interest Payment Date; provided,  however, that a Holder need not make such payment (A) for conversions following the Regular Record Date immediately preceding the Maturity Date; (B) if the Company has specified a Fundamental Change Repurchase Date that is after a Regular Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date and the Holder converts its Note after the Close of Business on such Regular Record Date and on or prior to the Open of Business on such Interest Payment Date; (C) if the Company has specified a Redemption Date that is after a Regular Record Date and on or prior to the Business Day immediately following the Interest Payment Date corresponding to such Regular Record Date and such Holder surrenders such Note for conversion after such Regular Record Date and prior to the 
		

		 

		

			-  55  -

		

 

			Open of Business on such Interest Payment Date; or (D) to the extent of any overdue interest, if any overdue interest exists at the time of conversion with respect to such Note.

			
	
			
				 (g)
			Taxes and Duties. If a Holder converts a Note, the Company will pay any documentary, stamp  or similar issue or transfer tax due on the issue of any shares of the Common Stock upon the conversion; provided,  however, that if any tax is due because the converting Holder requested that shares of Common Stock be issued in a name other than its own, such Holder will pay such tax and the Conversion Agent, until having received a sum sufficient to pay such tax, may refuse to deliver any certificates representing the shares of Common Stock being issued in a name other than that of such Holder.

			
	
			
				 (h)
			Notices.  Whenever a Conversion Date occurs with respect to a Note, the Conversion Agent will, as promptly as possible, and in no event later than the Business Day immediately following such Conversion Date, deliver to the Company and the Trustee notice that a Conversion Date has occurred, which notice will state such Conversion Date, the principal amount of Notes converted on such Conversion Date and the names of the Holders that converted Notes on such Conversion Date.

		
			Section 10.03     Settlement Upon Conversion.
		

			
	
			
				 (a)
			Conversion Obligation.

			
	
			
				 (i)
			Settlement Method.  Upon the conversion of any Note, the Company shall settle such conversion by paying or delivering, as applicable and as provided in this Article 10, either (A) solely cash (a “Cash Settlement”); (B) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 10.03(a)(ii)(A) (a “Physical Settlement”); or (C) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 10.03(a)(ii)(C) (a “Combination Settlement”).  The Company shall have the right to elect the Settlement Method applicable to any conversion of a Note; provided,  however, that:

			
	
			
				 (A)
			all conversions of Notes whose Conversion Date occurs on or after September 15, 2026 will be settled using the same Settlement Method, and the Company shall send written notice of such Settlement Method to Holders, with a copy to the Trustee and the Conversion Agent, no later than the Close of Business on the Scheduled Trading Day immediately preceding September 15, 2026;

			
	
			
				 (B)
			the Company shall use the same Settlement Method for all conversions of Notes whose Conversion Dates occur on the same day (and, for the avoidance of doubt, the Company shall not be obligated to use the same Settlement Method with respect to conversions of Notes whose Conversion Dates occur on different days, except as provided in clause (A) above or clause (D) below);

			
	
			
				 (E)
			if  the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date occurs before September 15, 2026,  the Company shall send written notice of such Settlement Method to the Holder of such Note,  with a copy to the Trustee and Conversion Agent, no later than the Close of Business on the Trading Day immediately following such Conversion Date;

		 

		

			-  56  -

		

 

			
	
			
				 (F)
			if any Notes are called for Redemption, then (1) the Company will specify, in the related Redemption Notice sent pursuant to Section 11.03, the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the related Redemption Notice Date and before the related Redemption Date; and (2) if such Redemption Date occurs on or after September 15, 2026, then such Settlement Method must be the same Settlement Method that, pursuant to clause (A) above, applies to all conversions of Notes with a Conversion Date that occurs on or after September 15, 2026;

			
	
			
				 (G)
			if  the Company does not timely elect a Settlement Method with respect to the conversion of a Note, then the Company will be deemed to have elected the Default Settlement Method;

			
	
			
				 (H)
			if  the Company timely elects Combination Settlement with respect to the conversion of a Note but does not timely notify the Holder of such Note of the Specified Dollar Amount, then the Specified Dollar Amount for such conversion will be deemed to be $1,000 per $1,000 principal amount of such Note; and

			
	
			
				 (I)
			the Settlement Method shall be subject to the last sentence of Section 10.08(a);

			
	
			
				 (ii)
			Conversion Consideration.  The type and amount of consideration (the “Conversion Consideration”) due in respect of each $1,000 principal amount of a Note to be converted shall be as follows:

			
	
			
				 (A)
			if Physical Settlement applies to such conversion, (I) a whole number of shares of Common Stock equal to the Conversion Rate in effect immediately after the Close of Business on the Conversion Date for such conversion (which, if not a whole number, shall be rounded down to the nearest whole number); and (II) if such Conversion Rate is not a whole number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Daily VWAP on such Conversion Date (or if such Conversion Date is not a Trading Day, the immediately preceding Trading Day) and (y) the fractional portion of such Conversion Rate;

			
	
			
				 (B)
			if Cash Settlement applies to such conversion, cash in an amount equal to the sum of the Daily Conversion Values for each of the twenty five (25) consecutive Trading Days in the Observation Period for such conversion; or

			
	
			
				 (C)
			if Combination Settlement applies to such conversion, a settlement amount equal to (I) the sum of the Daily Settlement Amounts for each of the twenty five (25) consecutive Trading Days in the Observation Period for such conversion (which, for the avoidance of doubt, shall consist of a number of whole shares of Common Stock equal to the sum of the Daily Share Amounts for each of the Trading Days in such Observation Period (which, if such sum is not a whole number, shall be rounded down to the nearest whole number) and cash in an amount equal to the sum of the Daily Cash Amounts for each of the Trading Days in such Observation Period); and (II) if the sum of the Daily Share Amounts for each of the Trading Days in such Observation Period is not a whole 
		

		 

		

			-  57  -

		

 

			number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Daily VWAP on the last Trading Day of such Observation Period and (y) the fractional portion of such sum.

		
			With respect to any conversion of Notes to which Cash Settlement or Combination Settlement applies, the Company shall determine the Conversion Consideration due thereupon promptly following the last day of the applicable Observation Period and shall promptly thereafter notify the Trustee and the Conversion Agent (if other than the Trustee) in writing of the same and the calculation thereof in reasonable detail.  Neither the Trustee nor the Conversion Agent (if other than the Trustee) shall have any responsibility for any such determination.
		

			
	
			
				 (iii)
			Delivery of Conversion Consideration.  Except as set forth in Sections 10.05,  10.07 and 10.08 hereof, the Company shall pay or deliver, as the case may be, the Conversion Consideration due upon the conversion of any Note to the Holder thereof as follows: (i) if Cash Settlement or Combination Settlement applies to such conversion, on the second (2nd) Business Day immediately following the last Trading Day of the Observation Period for such conversion; and (ii) if Physical Settlement applies to such conversion, on the second (2nd) Business Day immediately following the Conversion Date for such conversion.

			
	
			
				 (i)
			Conversion of Multiple Notes by a Single Holder.  If a Holder converts more than one Note on a single Conversion Date, the Conversion Consideration due in respect of such conversion will be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder, subject, in the case of Global Notes, to the Applicable Procedures.

			
	
			
				 (j)
			Settlement of Accrued Interest and Deemed Payment of Principal.  If a Holder converts a Note, the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on the Note, and the Company’s delivery of the Conversion Consideration due upon such conversion will be deemed to satisfy and discharge in full the Company’s obligation to pay the principal of such Note and accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date; provided,  however, that if a Holder converts a Note after a Regular Record Date and prior to the Open of Business on the corresponding Interest Payment Date, the Company will still be obligated to pay the interest due on such Interest Payment Date to the Holder of such Note as of the Close of Business on such Regular Record Date.  As a result, except as otherwise provided in the proviso to the immediately preceding sentence, any accrued and unpaid interest with respect to a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited.  In addition, if both cash and shares of the Common Stock are delivered upon the conversion of a Note, accrued and unpaid interest will be deemed to be paid first out of the amount of cash so delivered.

		
			Section 10.04     Common Stock Issued Upon Conversion.
		

			
	
			
				 (a)
			Prior to issuing of any shares of Common Stock under this Article 10, and from time to time thereafter as may be necessary, the Company will reserve out of its authorized but unissued shares of Common Stock a number of shares of Common Stock sufficient to permit the conversion of all then-outstanding Notes under Physical Settlement.

		 

		

			-  58  -

		

 

			
	
			
				 (k)
			Any shares of Common Stock delivered upon the conversion of the Notes will be newly issued shares or treasury shares, duly and validly issued, fully paid, nonassessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of the Holder or other Person to whom such shares of Common Stock will be delivered).  In addition, the Company will endeavor to comply promptly with all federal and state securities laws regulating the offer and delivery of any shares of Common Stock issuable upon conversion of the Notes; provided that the Company will not be obligated to register the offer and sale of such Common Stock under the Securities Act or any other applicable securities laws.  The Company will also use commercially reasonable efforts to cause any shares of Common Stock issuable upon conversion of a Note to be listed on whatever stock exchange(s) the Common Stock is listed on the date the converting Holder becomes a record holder of such Common Stock.

Section 10.05     Adjustment of Conversion Rate
		
			.  The Company will adjust the Conversion Rate from time to time as described in this Section 10.05, except that the Company will not make an adjustment to the Conversion Rate if each Holder participates (other than in a share split or share combination or a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of holding the Notes, in the relevant transaction described in this Section 10.05 without having to convert its Notes and as if it held number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record date, Effective Date or expiration date, and (ii) the aggregate principal amount of Notes held by such Holder (express in thousands) on such date, rounded up to the nearest whole number.
		

			
	
			
				 (a)
			Stock Dividends and Share Splits.  If the Company exclusively issues to all or substantially all holders of the Common Stock shares of Common Stock as a dividend or distribution on shares of the outstanding Common Stock, or if the Company effects a share split of the Common Stock or a share combination of the Common Stock, the Conversion Rate will be adjusted based on the following formula:

		
			
		

		
			﻿
		

		
			where
		

		
			CR0=the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the Effective Date of such share split or share combination, as applicable;
		

		
			CR1=the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date or the Open of Business on such Effective Date;
		

		
			OS0=the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date or Effective Date; and
		

		

		

		 

		

			-  59  -

		

 

		OS1=the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, share split or share combination.
		

		
			If any dividend,  distribution, share split or share combination of the type described in this Section 10.05(a) is declared, but not so paid or made, the Conversion Rate will be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution or to effect such share split or share combination, to the Conversion Rate that would then be in effect if such dividend,  distribution, share split or share combination had not been declared or announced.
		

			
	
			
				 (l)
			Rights, Options and Warrants.  If the Company issues, to all or substantially all holders of its outstanding Common Stock, rights, options or warrants (other than pursuant to a stockholder rights plan) entitling such holders, for a period of not more than 60 calendar days after the record date of such issuance, to subscribe for, or purchase, shares of Common Stock, at a price per share less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance, the Conversion Rate will be increased based on the following formula:

		
			
		

		
			where
		

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

		
			CR1=the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		

		
			OS0=the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date;
		

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

		
			Y=the number of shares of Common Stock equal to the quotient of (i) the aggregate price payable to exercise such rights, options or warrants, over (ii) the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options or warrants.
		

		
			To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants, including because the issued rights, options or warrants were not exercised, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of 
		

		 

		

			-  60  -

		

 

		delivery of only the number of shares of Common Stock actually delivered. If such rights, options or warrants are not so issued, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect if the Ex-Dividend Date for such issuance had not occurred.
		

		
			For purposes of this Section 10.05(b) and Section 10.01(b)(iii)(A), in determining whether any rights, options or warrants entitle holders of the Common Stock to subscribe for, or purchase, shares of Common Stock at a price per share less than the average of the Last Reported Sale Prices of Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement for an issuance, and in determining the aggregate price payable to exercise such rights, options or warrants, there will be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors.
		

			
	
			
				 (m)
			Spin-Offs and Other Distributed Property.

			
	
			
				 (i)
			If the Company distributes shares of its Capital Stock, evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all holders of the Common Stock, excluding:

			
	
			
				 (A)
			dividends, distributions, rights, options or warrants for which an adjustment was effected (or would be effected without regard to the Deferral Exception) pursuant to Section 10.05(a) hereof or Section 10.05(b) hereof, as applicable;

			
	
			
				 (B)
			dividends or distributions paid exclusively in cash for which an adjustment was effected (or would be effected without regard to the Deferral Exception) pursuant to Section 10.05(d) hereof;

			
	
			
				 (C)
			distributions pursuant to a stockholder rights plan, except as set forth in Section 10.05(g);

			
	
			
				 (D)
			a distribution solely pursuant to a Common Stock Change Event, as to which the provisions set forth in Section 10.08 shall apply; and

			
	
			
				 (E)
			Spin-Offs for which the provisions set forth in Section 10.05(c)(ii) hereof will apply,

		
			then the Conversion Rate will be increased based on the following formula:
		

		
			
		

		
			where
		

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

		

		

		 

		

			-  61  -

		

 

		CR1=the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		

		
			SP0=the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
		

		
			FMV=the fair market value (as determined by the Company’s Board of Directors) of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants distributed with respect to each outstanding share of Common Stock on the Ex-Dividend Date for such distribution.
		

		
			Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than the “SP0” (as defined above), in lieu of the foregoing increase, each Holder will receive, for each $1,000 principal amount of Notes held on the record date for the distribution, at the same time and upon the same terms as holders of the Common Stock, the amount and kind of shares of Capital Stock, evidences of indebtedness, assets or property, rights, options or warrants or other securities that such Holder would have received if such Holder had owned a number of shares of Common Stock equal to the Conversion Rate in effect on the record date for such distribution.
		

		
			If such distribution is not so paid or made, the Conversion Rate will be readjusted to be the Conversion Rate that would then be in effect if such distribution had not been declared.
		

			
	
			
				 (ii)
			With respect to an adjustment pursuant to this Section 10.05(c) where there has been a payment of a dividend or other distribution on the Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to an Affiliate, a Subsidiary or other business unit of the Company, and such Capital Stock or similar equity interest is listed or quoted (or will be listed or quoted upon the consummation of the transaction) on a national securities exchange or a reasonably comparable non-U.S. equivalent (a “Spin-Off”), the Conversion Rate will be increased based on the following formula:

		
			
		

		
			where
		

		
			CR0=the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such Spin-Off;
		

		
			CR1=the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		

		
			FMV0=the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of the Common Stock applicable to one share of Common Stock (determined for purposes of the definition of Last Reported Sale Price as if such Capital Stock or similar equity interest were the Common Stock) over the first 10 consecutive Trading Day period after, 
		

		 

		

			-  62  -

		

 

		and including, the Ex-Dividend Date of the Spin-Off (the “Valuation Period”); and
		

		
			MP0=the average of the Last Reported Sale Prices of the Common Stock over the Valuation Period.
		

		
			The adjustment to the Conversion Rate under this Section 10.05(c)(ii) will be calculated as of the Close of Business on the last Trading Day of the Valuation Period but will be given effect as of immediately after the Open of Business on the Ex-Dividend Date of the Spin-Off, with retroactive effect.  The Company shall delay the settlement of any conversion of Notes where the Conversion Date (in the case of Physical Settlement) or any Trading Day of the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Valuation Period until the second Business Day after the last day of the Valuation Period.  If any distribution of the type described in this Section 10.05(c)(ii) is declared but not so made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to make such distribution, to the Conversion Rate that would then be in effect if such distribution had not been declared.
		

			
	
			
				 (n)
			Cash Dividends or Distributions.  If any cash dividend or distribution is made to all or substantially all holders of the Common Stock, the Conversion Rate will be increased based on the following formula:

		
			
		

		
			where
		

		
			CR0=the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		

		
			CR1=the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		

		
			SP0=the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and
		

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

		
			Notwithstanding the foregoing, if “C” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder will receive, for each $1,000 principal amount of Notes held on the record date for such cash dividend or distribution, at the same time and upon the same terms as holders of the Common Stock, the amount of cash that such Holder would have received if such Holder had owned a number of shares of Common Stock equal to the Conversion Rate in effect on such record date.  If any such dividend or distribution is 
		

		 

		

			-  63  -

		

 

		declared but not so paid or made, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.
		

			
	
			
				 (o)
			Tender Offers or Exchange Offers.   If the Company or any of its Subsidiaries makes a payment in respect of a tender offer or exchange offer for 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 Last Reported Sale Price of the Common Stock on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender offer or exchange offer (as it may be amended), the Conversion Rate will be increased based on the following formula:

		
			
		

		
			where
		

		
			CR0=the Conversion Rate in effect immediately prior to the Expiration Time;
		

		
			CR1=the Conversion Rate in effect immediately after the Expiration Time;
		

		
			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 time (the “Expiration Time”) on the date such tender or exchange offer expires (prior to giving effect to the purchase of all shares accepted for purchase or exchange in such tender or exchange offer);
		

		
			OS1=the number of shares of Common Stock outstanding immediately after the Expiration Time (after giving effect to the purchase of all shares accepted for purchase or exchange in such tender or exchange offer); and
		

		
			SP1=the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period (the “Averaging Period”) commencing on the Trading Day next succeeding the date such tender or exchange offer expires.
		

		
			The adjustment to the Conversion Rate pursuant to this Section 10.05(e) will be calculated as of the Close of Business on the last Trading Day of the Averaging Period but will be given effect as of immediately after the Expiration Time,  with retroactive effect.  The Company shall delay the settlement of any conversion of Notes where the Conversion Date (in the case of Physical Settlement) or any Trading Day of the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Averaging Period until the second (2nd)  Business Day after the last day of the Averaging Period.
		

		 

		

			-  64  -

		

 

		
			To the extent such tender or exchange offer is announced but not consummated (including as a result of the Company being precluded from consummating such tender or exchange offer under applicable law), or any purchases or exchanges of shares of Common Stock in such tender or exchange offer are rescinded, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the purchases or exchanges of shares of Common Stock, if any, actually made, and not rescinded, in such tender or exchange offer.
		

			
	
			
				 (p)
			Successive Adjustments.  After an adjustment to the Conversion Rate under this Article 10, any subsequent event requiring an adjustment under this Article 10 will cause an adjustment to the Conversion Rate as so adjusted, without duplication.

			
	
			
				 (q)
			Shareholder Rights Plans.  If the Company adopts a stockholder rights plan and such stockholder rights plan is in effect when a Holder converts a Note, the Company will deliver to such Holder, in addition to any shares of Common Stock otherwise issuable to such Holder upon conversion of such Note, any rights that, under the stockholder rights plan, would be applicable to a share of Common Stock, unless prior to the Conversion Date for such Note, the rights have separated from the Common Stock, in which case, and only in such case, the Conversion Rate will be adjusted pursuant to Section 10.05(c)(i) as if, at the time of such separation, the Company had distributed to all holders of the Common Stock shares of its Capital Stock, evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock, subject to readjustment in the event of the expiration, termination or redemption of such rights.

			
	
			
				 (r)
			Other Adjustments.  Whenever any provision of this Indenture requires the calculation of the Last Reported Sale Price or a function thereof over a period of multiple days (including any Observation Period and the Stock Price for purposes of a Make-Whole Fundamental Change), the Company will make appropriate adjustments to the Last Reported Sale Price or such function thereof to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend date, Effective Date or expiration date of the event occurs, at any time during such period.

			
	
			
				 (s)
			Adjustments Not Yet Effective.  Notwithstanding anything to the contrary in this Indenture or the Notes, if:

			
	
			
				 (i)
			a Note is to be converted pursuant to Physical Settlement or Combination Settlement;

			
	
			
				 (ii)
			the record date, effective date or Expiration Time for any event that requires an adjustment to the Conversion Rate pursuant to Section 10.05 has occurred on or before the Conversion Date for such conversion (in the case of Physical Settlement) or on or before any Trading Day in the Observation Period for such conversion (in the case of Combination Settlement), but an adjustment to the Conversion Rate for such event has not yet become effective as of such Conversion Date or Trading Day, as applicable;

			
	
			
				 (iii)
			the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due in respect of such Trading Day (in the case of Combination 
		

		 

		

			-  65  -

		

 

			Settlement) includes any whole shares of Common Stock; and

			
	
			
				 (iv)
			such shares are not entitled to participate in such event (because they were not held on the related record date or otherwise),

		
			then, solely for purposes of such conversion, the Company will, without duplication, give effect to such adjustment on such Conversion Date (in the case of Physical Settlement) or such Trading Day (in the case of Combination Settlement).  In such case, if the date on which the Company is otherwise required to deliver the consideration due upon such conversion is before the first date on which the amount of such adjustment can be determined, then the Company will delay the settlement of such conversion until the second (2nd) Business Day after such first date.
		

			
	
			
				 (t)
			Conversion Rate Adjustments where Converting Holders Participate in the Relevant Transaction or Event.  Notwithstanding anything to the contrary in this Indenture or the Notes, if:

			
	
			
				 (i)
			a Conversion Rate adjustment for any dividend or distribution becomes effective on any Ex-Dividend Date pursuant to Section 10.05;

			
	
			
				 (ii)
			a Note is to be converted pursuant to Physical Settlement or Combination Settlement;

			
	
			
				 (iii)
			the Conversion Date for such conversion (in the case of Physical Settlement) or any Trading Day in the Observation Period for such conversion (in the case of Combination Settlement) occurs on or after such Ex-Dividend Date and on or before the related record date;

			
	
			
				 (iv)
			the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due with respect to such Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock based on a Conversion Rate that is adjusted for such dividend or distribution;  and

			
	
			
				 (v)
			such shares would be entitled to participate in such dividend or distribution,

		
			then (x) in the case of Physical Settlement, such Conversion Rate adjustment will not be given effect for such conversion, and the shares of Common Stock issuable upon such conversion based on such unadjusted Conversion Rate will be entitled to participate in such dividend or distribution; and (y) in the case of Combination Settlement, the Conversion Rate adjustment relating to such Ex-Dividend Date will be made for such conversion in respect of such Trading Day, but the shares of Common Stock issuable with respect to such Trading Day based on such adjusted Conversion Rate will not be entitled to participate in such dividend or distribution.
		

			
	
			
				 (u)
			Restrictions on Adjustments.  Except as a result of a share combination subject to Section 10.05(a),  and except for readjustments pursuant to the last paragraph of Section 10.05(a), readjustments pursuant to the penultimate paragraph of Section 10.05(b), readjustments pursuant to the last paragraph of Section 10.05(c)(i), readjustments pursuant to the penultimate paragraph of Section 10.05(c)(ii) and readjustments pursuant to the last paragraph of Section 10.05(d), in no 
		

		 

		

			-  66  -

		

 

			event will the Conversion Rate be adjusted downward pursuant to Sections 10.05(a),  (b),  (c),  (d) or (e) hereof.

		
			In addition, notwithstanding anything to the contrary elsewhere in this Indenture, the Conversion Rate will not be adjusted:
		

			
	
			
				 (i)
			upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of Common Stock under any plan;

			
	
			
				 (ii)
			upon the issuance of any shares of Common Stock or options or rights to purchase those shares pursuant to any present or future employee, director or consultant benefit plan or program of, or assumed by, the Company or any of its Subsidiaries;

			
	
			
				 (iii)
			upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security not described in the preceding clause and outstanding as of the date of the Issue Date;

			
	
			
				 (iv)
			for a change in the par value of the Common Stock; or

			
	
			
				 (v)
			for accrued and unpaid interest.

			
	
			
				 (v)
			Deferral of Adjustments.  The Company may defer any adjustment to the Conversion Rate unless such adjustment would increase or decrease the Conversion Rate by at least 1% of the Conversion Rate in effect at the time the Company would otherwise be required to make such adjustment; provided,  however, that if the Company defers an adjustment pursuant to this Section 10.05(l), then the Company must carry forward such adjustment and take it into account in any future adjustment.  Notwithstanding the foregoing, (i) on each Conversion Date (in the case of Physical Settlement) or on each Trading Day of any Observation Period (in the case of Cash Settlement or Combination Settlement), (ii) on the occurrence of any Fundamental Change or Make-Whole Fundamental Change and (iii) from and after September 15, 2026,  the Company will give effect to all Conversion Rate adjustments that have otherwise been deferred pursuant to this Section 10.05(l), and such adjustments will no longer be carried forward and taken into account in any future adjustment.

			
	
			
				 (w)
			Miscellaneous.

			
	
			
				 (i)
			Certain Definitions.

			
	
			
				 (I)
			For purposes of this Section 10.05, (1) the number of shares outstanding at any time will include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock, but, (2) so long as the Company does not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company, will not include shares of Common Stock held in the treasury of the Company.

			
	
			
				 (II)
			For purposes of this Section 10.05, the term “Effective Date” will mean the first date on which the Common Stock trades on the applicable exchange or in the 
		

		 

		

			-  67  -

		

 

			applicable market, regular way, reflecting the relevant share split or share combination, as applicable.

			
	
			
				 (III)
			For purposes of this Article 10, the term “Ex-Dividend Date” will mean the first date on which the shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question.    Any alternative trading convention on the applicable exchange or market in respect of the Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way” for purposes of the preceding sentence.

			
	
			
				 (ii)
			Notices.  Whenever the Company adjusts the Conversion Rate pursuant to this Section 10.05, the Company will, no later than the effective date of such adjustment, deliver to each Holder a written notice, which notice will include (i) a brief description of the event requiring adjustment to the Conversion Rate pursuant to this Section 10.05, (ii) the effective time of such adjustment, (iii) the Conversion Rate in effect immediately after such adjustment is made and (iv) a schedule explaining, in reasonable detail, how the Company calculated such adjustment.  On the same day the Company delivers such notice to each Holder, the Company will deliver to the Trustee, the Paying Agent and the Conversion Agent an Officers’ Certificate that includes all of the information contained in such notice, which Officers’ Certificate each of the Trustee, the Paying Agent and the Conversion Agent may treat as conclusive evidence that the adjustment specified in such Officers’ Certificate is correct and will be in effect as of the effective time specified in such Officers’ Certificate.  The failure to deliver such notice will not affect the legality or validity of any such adjustment.

Section 10.06     Voluntary Adjustments
		
			.
		

			
	
			
				 (a)
			Best Interest Increases.  The Company may, from time to time, to the extent permitted by law, increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, (ii) such increase is in effect for a period of at least 20 Business Days, and (iii) during such period, such increase is irrevocable.

			
	
			
				 (x)
			Tax-Related Increases.  The Company may (but is not required to) increase the Conversion Rate if the Board of Directors determines that such increase is advisable to avoid, or diminish, any income tax imposed on holders of the Common Stock or rights to purchase the Common Stock as a result of any dividend or distribution of shares (or rights to acquire shares) or similar event treated as such for U.S. federal income tax purposes.

			
	
			
				 (y)
			Notices.  Whenever the Board of Directors determines that the Company will increase the Conversion Rate pursuant to this Section 10.06, the Company will mail to each Holder notice of such increase at least 15 Business Days before such increase will take effect, which notice will state the increase to be made and the period during which such increase will be in effect.

Section 10.07     Adjustments Upon a Make-Whole Fundamental Change
		
			.
		

			
	
			
				 (a)
			General.  If (i) a Fundamental Change (determined after giving effect to the paragraph immediately following clause (iv) of the definition thereof, but without regard to the proviso in clause (ii)(II) of the definition thereof) occurs or (ii) the Company calls the Notes for redemption pursuant to Article 11 (either such event, a “Make-Whole Fundamental Change”), 
		

		 

		

			-  68  -

		

 

			and a Holder converts its Notes in connection with such Make-Whole Fundamental Change, the Company will, in the circumstances set forth in this Section 10.07, increase the Conversion Rate for such Notes by the number of additional shares of Common Stock (the “Additional Shares”) set forth in this Section 10.07.  For purposes of this Section 10.07, a conversion of Notes will be deemed to be “in connection with”:

			
	
			
				 (i)
			a Make-Whole Fundamental Change occurring pursuant to clause (i) of the definition of “Make-Whole Fundamental Change” if (A) for Conversion Dates prior to September 15, 2026, the applicable Conversion Date occurs during the period when the Notes are convertible on account of such Make-Whole Fundamental Change pursuant to Section 10.01(b)(iii)(B) and (B) for Conversion Dates on or after September 15, 2026 if the applicable Conversion Date occurs during the period from, and including, the effective date of the Make-Whole Fundamental Change up to, and including, the Business Day immediately prior to the related Fundamental Change Repurchase Date (or, in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the proviso in clause (ii)(II) of the definition thereof, the 35th Trading Day immediately following the effective date of such Make-Whole Fundamental Change).

			
	
			
				 (ii)
			a Make-Whole Fundamental Change occurring pursuant to clause (ii) of the definition of “Make-Whole Fundamental Change” if the Conversion Notice for such Notes is received by the Conversion Agent during the period beginning on, and including, the related Redemption Notice Date and ending on the Close of Business on the Business Day immediately preceding the related Redemption Date.

		
			No later than one Business Day immediately after the effective date of a Make-Whole Fundamental Change occurring pursuant to clause (i) of the definition of “Make-Whole Fundamental Change,” the Company will notify the Holders of such effective date.
		

			
	
			
				 (z)
			Determination of Additional Shares.  The number of Additional Shares by which the Conversion Rate will be increased if a Holder converts a Note in connection with a Make-Whole Fundamental Change will be determined by reference to the table below, and will be based on the Make-Whole Fundamental Change Effective Date and the Stock Price for such Make-Whole Fundamental Change.  For any Make-Whole Fundamental Change, the “Make-Whole Fundamental Change Effective Date” will mean, (i) if such Make-Whole Fundamental Change occurs pursuant to clause (i) of the definition of “Make-Whole Fundamental Change,” the date on which such Make-Whole Fundamental Change occurs or becomes effective, and (ii) if such Make-Whole Fundamental Change occurs pursuant to clause (ii) of the definition of “Make-Whole Fundamental Change,” the applicable Redemption Notice Date.

			
	
			
				 (aa)
			Adjustment of Stock Prices and Additional Shares.  The Stock Prices set forth in the first row (i.e., the column headers) of the table below will be adjusted on each date on which the Conversion Rate must be adjusted pursuant to Section 10.05.  The adjusted Stock Prices will equal the Stock Prices in effect immediately prior to such adjustment, multiplied by a fraction, (i) the numerator of which is the Conversion Rate in effect immediately prior to the adjustment giving rise to the share price adjustment, and (ii) the denominator of which is the Conversion Rate in effect immediately after the adjustment.  The numbers of Additional Shares set forth in the table below will be adjusted in the same manner, at the same time and for the same events for which the Conversion Rate is adjusted pursuant to Section 10.05 hereof.

		 

		

			-  69  -

		

 

			
	
			
				 (bb)
			Additional Shares Table.  The following table sets forth hypothetical Make-Whole Fundamental Change Effective Dates, Stock Prices and the number of Additional Shares by which the Conversion Rate will be increased per $1,000 principal amount of Notes for a Holder that converts a Note in connection with a Make-Whole Fundamental Change having such Make-Whole Fundamental Change Effective Date and Stock Price.

			
					
						﻿

				
	
					
						﻿

					
					
						Stock Price

				
	
					
						Effective Date

					
					
						$23.00

					
					
						$27.00

					
					
						$31.62

					
					
						$38.00

					
					
						$44.27

					
					
						$55.00

					
					
						$65.00

					
					
						$80.00

					
					
						$150.00

					
					
						$350.00

				
	
					
						March 1, 2021.................

					
					
						11.8576

					
					
						10.0646

					
					
						7.6522

					
					
						5.5189

					
					
						4.1807

					
					
						2.8030

					
					
						2.0502

					
					
						1.3769

					
					
						0.3774

					
					
						0.0000

				
	
					
						March 15, 2022...............

					
					
						11.8576

					
					
						10.0350

					
					
						7.5036

					
					
						5.3005

					
					
						3.9390

					
					
						2.5703

					
					
						1.8440

					
					
						1.2132

					
					
						0.3201

					
					
						0.0000

				
	
					
						March 15, 2023...............

					
					
						11.8576

					
					
						9.8683

					
					
						7.2127

					
					
						4.9452

					
					
						3.5822

					
					
						2.2521

					
					
						1.5748

					
					
						1.0082

					
					
						0.2574

					
					
						0.0000

				
	
					
						March 15, 2024...............

					
					
						11.8576

					
					
						9.4905

					
					
						6.7036

					
					
						4.3978

					
					
						3.0604

					
					
						1.8194

					
					
						1.2271

					
					
						0.7594

					
					
						0.1914

					
					
						0.0000

				
	
					
						March 15, 2025...............

					
					
						11.8576

					
					
						8.7794

					
					
						5.8625

					
					
						3.5557

					
					
						2.3083

					
					
						1.2485

					
					
						0.7979

					
					
						0.4769

					
					
						0.1281

					
					
						0.0000

				
	
					
						March 15, 2026...............

					
					
						11.8576

					
					
						7.5498

					
					
						4.4459

					
					
						2.2399

					
					
						1.2264

					
					
						0.5467

					
					
						0.3302

					
					
						0.2056

					
					
						0.0687

					
					
						0.0000

				
	
					
						March 15, 2027...............

					
					
						11.8576

					
					
						5.4164

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

					
					
						0.0000

				

		
			﻿
		

			
	
			
				 (cc)
			Use of Additional Shares Table.  If the Stock Price or Make-Whole Fundamental Change Effective Date for a Make-Whole Fundamental Change are not set forth in the table above, then:

			
	
			
				 (A)
			if the Stock Price is between two Stock Prices in the table or the Make-Whole Fundamental Change Effective Date is between two Make-Whole Fundamental Change Effective Dates in the table, the number of Additional Shares by which the Conversion Rate will be increased for a Holder that converts a Note in connection with such Make-Whole Fundamental Change will be determined by a straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock Prices listed in the table and the earlier and later Make-Whole Fundamental Change Effective Dates listed in the table, as applicable, based on a 365- or 366-day year, as applicable;

			
	
			
				 (B)
			if the Stock Price is greater than $350.00, subject to adjustment in the same manner as the Stock Prices set forth in the column headings of the table, no Additional Shares will be added to the Conversion Rate; and

			
	
			
				 (C)
			if the Stock Price is less than $23.00 per share, subject to adjustment in the same manner as the Stock Prices set forth in the column headings of the table, no Additional Shares will be added to the Conversion Rate.

		
			Notwithstanding the foregoing, in no event will the Conversion Rate be increased as a result of this Section 10.07 to exceed 43.4782 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment in the same manner, at the same time and for the same events for which the Conversion Rate must be adjusted as set forth in Section 10.05 hereof.
		

			
	
			
				 (dd)
			Settlement or Conversion.  If a Holder converts a Note in connection with a Make-Whole Fundamental Change, the Company will settle such conversion by delivering Conversion Consideration in accordance with Section 10.03 hereof; provided, however, that notwithstanding anything to the contrary in Section 10.03 hereof, if a Holder converts a Note in connection with a Make-Whole Fundamental Change described in clause (ii) of the definition of Fundamental Change in which the holders of the Common Stock receive only cash in consideration for their shares of Common Stock, the Company will settle such conversion by delivering to such Holder, on the second Business Day immediately following the Conversion Date for such Note, an amount of cash, for each $1,000 principal amount of such Note converted, equal to the product of (i) the 
		

		 

		

			-  70  -

		

 

			Conversion Rate on the Conversion Date applicable to such Note (including any Additional Shares added to such Conversion Rate pursuant to this Section 10.07) and (ii) the Stock Price for such Make-Whole Fundamental Change.

Section 10.08     Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale
		
			.
		

			
	
			
				 (a)
			General.  If any of the following events occur:

		
			(1)any recapitalization, reclassification or change of the Common Stock (other than changes resulting from a subdivision or combination or change only in par value or from par value to no par value or no par value to par value);
		

		
			(2)any consolidation, merger or combination involving the Company;
		

		
			(3)any sale, lease or other transfer to a third party of the consolidated assets of the Company and its Subsidiaries substantially as an entirety; or
		

		
			(4)any statutory share exchange,
		

		
			and, as a result of which, the Common Stock is converted into, or is exchanged for, or represents solely the right to receive, other securities, cash or other property, or any combination of the foregoing (such an event, a “Common Stock Change Event,” and such other securities, cash or property, the “Reference Property,” and the amount and kind of Reference Property that a holder of one (1) share of Common Stock would be entitled to receive on account of such Common Stock Change Event (without giving effect to any arrangement not to issue or deliver a fractional portion of any security or other property), a “Reference Property Unit”), then, notwithstanding anything to the contrary in this Indenture or the Notes,
		

		
			﻿
		

		
			(1)from and after the effective time of such Common Stock Change Event, (I) the Conversion Consideration due upon conversion of any Note and the conditions to any such conversion, will be determined in the same manner as if each reference to any number of shares of Common Stock in this Article 10 (or in any related definitions) were instead a reference to the same number of Reference Property Units; (II) for purposes of Section 11.02, each reference to any number of shares of Common Stock in such Section (or in any related definitions) will instead be deemed to be a reference to the same number of Reference Property Units; and (III) for purposes of the definition of “Fundamental Change” and “Make-Whole Fundamental Change,” the terms “Common Stock” and “common equity” will be deemed to mean the common equity (including depositary receipts representing common equity), if any, forming part of such Reference Property; and
		

		
			﻿
		

		
			(2)for these purposes, the Daily VWAP or Last Reported Sale Price of any Reference Property Unit or portion thereof that does not consist of a class of securities will be the fair value of such Reference Property Unit or portion thereof, as applicable, determined in good faith by the Company (or, in the case of cash denominated in U.S. dollars, the face amount thereof).
		

		
			If the Reference Property consists of more than a single type of consideration (determined based in part upon any form of shareholder election), then the composition of the Reference 
		

		 

		

			-  71  -

		

 

		Property Unit will be deemed to be the weighted average, per share of Common Stock, of the types and amounts of consideration actually received by the holders of Common Stock.  The Company shall notify Holders, the Trustee and the Conversion Agent of the weighted average as soon as practicable after such determination is made.
		

		
			At or before the effective time of such Common Stock Change Event, the Company and the resulting, surviving or transferee Person (if not the Company) of such Common Stock Change Event (the “Successor Person”) will execute and deliver to the Trustee a supplemental indenture pursuant to Section 9.01(h), which supplemental indenture will (x) provide for subsequent conversions of Notes in the manner set forth in this Section 10.08; (y) provide for subsequent adjustments to the Conversion Rate in a manner consistent with Section 10.05 and Section 10.07; and (z) contain such other provisions as the Company reasonably determines are appropriate to preserve the economic interests of the Holders and to give effect to the provisions of this Section 10.08.  If the Reference Property includes shares of stock or other securities or assets of a Person other than the Successor Person, then such other Person will also execute such supplemental indenture and such supplemental indenture will contain such additional provisions the Company reasonably determines are appropriate to preserve the economic interests of the Holders.
		

		
			﻿
		

		
			Notwithstanding anything to the contrary in this Indenture or the Notes, if the Reference Property Unit of a Common Stock Change Event consists entirely of cash, then the Company will be deemed to elect Physical Settlement in respect of each conversion of any Note whose conversion date occurs after the effective date of such Common Stock Change Event, and the Company will deliver the Conversion Consideration therefor no later than the second (2nd) Business Day after such Conversion Date.
		

		
			﻿
		

			
	
			
				 (ee)
			Notices.

			
	
			
				 (i)
			No later than the business day immediately after the effective date of any Common Stock Change Event, the Company will deliver written notice of such Common Stock Change Event to each Holder and the Trustee.  Such Notice will include:

			
	
			
				 (A)
			a brief description of such Common Stock Change Event;

			
	
			
				 (B)
			the Conversion Rate in effect on the date the Company delivers such notice;

			
	
			
				 (C)
			the anticipated effective date for the Common Stock Change Event;

			
	
			
				 (D)
			a description of the conversion right of the Notes following the Common Stock Change Event; and

			
	
			
				 (E)
			the composition of the Reference Property Unit for such Common Stock Change Event.

			
	
			
				 (ii)
			As promptly as practicable after executing a supplemental indenture in accordance with Section 10.08(a) hereof, the Company will:

		 

		

			-  72  -

		

 

			
	
			
				 (A)
			file with the Trustee an Officers’ Certificate briefly describing the reasons therefor, the composition of the Reference Property Unit for such Common Stock Change Event, any adjustment to be made with respect thereto and that all conditions precedent under this Indenture to such Common Stock Change Event have been complied with; and

			
	
			
				 (B)
			cause to be sent to each Holder a notice of the execution of such supplemental indenture and the composition of the Reference Property Unit for such Common Stock Change Event; provided,  that the failure to deliver such notice to any Holder will not affect the validity or legality of such supplemental indenture.

			
	
			
				 (ff)
			Successive Common Stock Change Events.  If more than one Common Stock Change Event occurs, this Section 10.08 will apply successively to each Common Stock Change Event.

			
	
			
				 (gg)
			Compliance Covenant.  The Company will not become a party to any Common Stock Change Event unless its terms are consistent with this Section 10.08.

Section 10.09     No Responsibility of Trustee or Conversion Agent
		
			.  The Trustee and the Conversion Agent will not have any duty or responsibility to any Holder to determine whether any facts exist that require an 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 in making the same.  Neither the Trustee nor the Conversion Agent will be responsible for any failure of the Company to deliver the Conversion Consideration due upon the surrender of any Notes for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article 10.  Without limiting the generality of the foregoing, neither the Trustee nor the Conversion Agent will be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 10.08 hereof, including with respect to the calculation of the amount of Conversion Consideration receivable by Holders upon the conversion of their Notes after any Common Stock Change Event, and each, subject to the provisions of Article 7, may accept as conclusive evidence of the correctness of any such provisions, and will be protected in relying upon, the Officers’ Certificate (which the Company will be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto.
		

			
	
			
				Article 11
			
REDEMPTION AT THE OPTION OF THE COMPANY

Section 11.01     No Sinking Fund
		
			.    No sinking fund is provided for the Notes.
		

		
			Section 11.02     Right To Redeem the Notes.
		

			
	
			
				 (a)
			General.  Prior to March 15, 2024, the Company may not redeem the Notes.  On a Redemption Date occurring on or after March 15, 2024, and prior to the Maturity Date, the Company may redeem (a “Redemption”) all, but not less than all, of the Notes on the Redemption Date for an amount of cash equal to the Redemption Price for such Redemption Date if the Last Reported Sale Price of the Common Stock equals or exceeds 140% of the Conversion Price in 
		

		 

		

			-  73  -

		

 

			effect (i) on each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately preceding the Redemption Notice Date for such redemption as provided in Section 11.03 hereof; and (ii) the Trading Day immediately before such Redemption Notice Date.

			
	
			
				 (b)
			The “Redemption Price” means, for any Notes to be redeemed on a Redemption Date, a price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such Redemption Date; provided,  however, that if a Redemption Date occurs after a Regular Record Date, but on or prior to the Interest Payment Date corresponding to such Regular Record Date, the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on such Notes to, but excluding, such Interest Payment Date will be payable, on  or, at the Company’s election, before such Interest Payment Date, to the Holder of such Notes at the Close of Business on such Regular Record Date.

			
	
			
				 (c)
			The “Redemption Date” means, for any redemption, the date specified as such in the Redemption Notice, which Redemption Date must comply with Section 11.03(a).

Section 11.03     Redemption Notice.
			
	
			
				 (d)
			    At least thirty (30) scheduled Trading Days but not more than fifty (50) Scheduled Trading Days prior to any Redemption Date, the Company will send to each Holder (and to any beneficial owner of a Global Note, as required by applicable law) a written notice of redemption (the “Redemption Notice,” and the date of such sending, the “Redemption Notice Date”) and, substantially contemporaneously therewith, the Company will issue a press release announcing such redemption.

		
			For any redemption, the Redemption Notice corresponding to such redemption will specify:
		

			
	
			
				 (A)
			briefly, a description of the Company’s redemption right under this Indenture;

			
	
			
				 (B)
			the Redemption Price for such Redemption Date (for each $1,000 principal amount of Notes);

			
	
			
				 (C)
			the Redemption Date for such redemption;

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

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

			
	
			
				 (F)
			the Conversion Rate in effect on the Redemption Notice Date for such redemption and the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Redemption Notice Date;

			
	
			
				 (G)
			any Additional Shares by which the Conversion Rate will be increased pursuant to Section 10.07 hereof for a Holder that converts a Note “in connection with” the Company’s election to redeem the Notes;

		 

		

			-  74  -

		

 

			
	
			
				 (H)
			that Notes must be surrendered to the Paying Agent on or before the Redemption Date to collect the Redemption Price;

			
	
			
				 (I)
			that, unless the Company defaults in paying the Redemption Price on the Redemption Date, interest, if any, on a Note will cease to accrue on and after the Redemption Date; and

			
	
			
				 (J)
			the CUSIP and ISIN number(s) of the Notes.

		
			On any Redemption Notice Date, the Company will also furnish to the Trustee an Officers’ Certificate, which Officers’ Certificate will set forth the aggregate principal amount of Notes then outstanding and include a copy of the Redemption Notice delivered by the Company on such Redemption Notice Date.
		
Section 11.04     Effect of Redemption Notice
		
			. After the Company has delivered a Redemption Notice, each Holder will have the right to receive payment of the Redemption Price for its Notes on the later of (i) the Redemption Date and (ii)(a) if the Notes are Definitive Notes, delivery of its Notes to the Paying Agent or  (b) if the Notes are Global Notes, compliance with the Applicable Procedures relating to the redemption and delivery of the beneficial interests to be redeemed to the Paying Agent;  provided,  however, that, until the Close of Business on the Business Day immediately preceding such Redemption Date, Holders may convert their Notes, regardless of whether they have been delivered to the Paying Agent for redemption, by complying with the requirements for conversion set forth in Article 10.
		
Section 11.05     Deposit of Redemption Price
		
			.  Prior to 10:00 a.m., New York City time, on the Redemption Date, the Company will deposit with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an amount of immediately available funds sufficient to pay the Redemption Price of all of the then outstanding Notes.
		
Section 11.06     Effect of Deposit
		
			.  If, as of 10:00 a.m., New York City time, on any Redemption Date, the Company, in accordance with Section 11.05 hereof, has deposited with the Paying Agent money sufficient to pay the Redemption Price for every Note validly delivered in accordance with Section 11.04 hereof (and not converted before such Redemption Date), then, at the Close of Business on such Redemption Date:
		

			
	
			
				 (A)
			every Note outstanding immediately prior to the Close of Business on such Redemption Date will cease to be outstanding and interest, if any, on such Notes will cease to accrue (regardless of whether such Notes were delivered to the Paying Agent or book-entry transfer has been made, as applicable), except to the extent provided in the proviso to Section 11.02(b); and

			
	
			
				 (K)
			all other rights of the Holders of such Notes with respect to such Notes (other than the right to receive payment of the Redemption Price or, in the case of Notes surrendered for conversion in accordance with Article 10 hereof, the right to receive the Conversion Consideration due upon conversion of such Notes, and other than as provided in the proviso to Section 11.02(b)) will terminate.

		 

		

			-  75  -

		

 
Section 11.07     Covenant Not to Redeem Notes Upon Certain Events of Default
		
			.
		

			
	
			
				 (a)
			General.  Notwithstanding anything to the contrary in this Article 11, the Company will not redeem any Notes under this Article 11 if the principal amount of the Notes has been accelerated and such acceleration has not been rescinded on, or prior to, the Redemption Date (except in the case of an acceleration resulting from a default by the Company that would be cured by the Company’s payment of the Redemption Price for such Notes).

			
	
			
				 (e)
			Return of Notes.  If a Holder delivers a Note for redemption pursuant to Section 11.04 and, on the Redemption Date, pursuant to this Section 11.07, the Company is not permitted to redeem such Note, the Paying Agent will (i) if such Note is a Definitive Note, return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note.

Section 11.08     Repayment to the Company
		
			.    Subject to any applicable property laws, if, six months after the Redemption Date, any cash held by the Paying Agent remains unclaimed, the Paying Agent will promptly return such cash to the Company; provided,  however, that, to the extent that the aggregate amount of cash deposited by the Company pursuant to Section 11.05 exceeds the aggregate Redemption Price of every Note outstanding, then as soon as practicable following the Redemption Date, the Trustee will return such excess to the Company.
		

			
	
			
				Article 12
			
MISCELLANEOUS

Section 12.01     Trust Indenture Act Controls
		
			.  If any provision of this Indenture limits, qualifies, or conflicts with another provision that is required to be included in this Indenture by the TIA, the required provision will control.
		
Section 12.02     Notices
		
			.  Any request, demand, authorization, notice, waiver, consent or communication will be in writing and delivered in Person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile transmission or other similar means of unsecured electronic methods to the following:
		

		
			if to the Company:
		

		
			﻿
		

		
			Green Plains Inc.
		

		
			1811 Aksarben Drive
		

		
			Omaha, NE 68106
		

		
			Facsimile:  (402) 952-4916
		

		
			Attn: Chief Financial Officer
		

		
			﻿
		

		
			if to the Trustee, Registrar, Paying Agent or Conversion Agent:
		

		
			﻿
		

		
			Wilmington Trust, National Association
		

		
			Global Capital Markets
		

		
			50 South Sixth Street, Suite 1290
		

		
			Minneapolis, MN  55402
		

		

		

		 

		

			-  76  -

		

 

		Facsimile:  (612) 217-5651
		

		
			Attn: Green Plains Inc. Administrator
		

		
			﻿
		

		
			The Company or the Trustee, by notice given to the other in the manner provided above, may designate additional or different addresses for subsequent notices or communications.
		

		
			Any notice or communication given to a Holder will be mailed to the Holder, by first class mail, postage prepaid, at the Holder’s address as it appears on the registration books of the Registrar and will be deemed given on the date of such mailing;  provided,  however, that with respect to any Global Note, such notice or communication will be sent to the Holder thereof pursuant to the Applicable Procedures.
		

		
			All notices and communications (other than those sent to Holders) will be deemed to have been duly given: (A) at the time delivered by hand, if personally delivered; (B) five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; (C) when receipt is acknowledged, if transmitted by facsimile,  electronic transmission or other similar means of unsecured electronic communication; and (D) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery.
		

		
			All notices or communications required to be made to a Holder pursuant to this Indenture must be made in writing and will be deemed to be duly sent or given in writing if mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to its address shown on the Register;  provided,  however, that a notice or communication to a Holder of a Global Note must instead be sent pursuant to the Applicable Procedures (in which case, such notice will be deemed to be duly sent or given in writing).
		

		
			Failure to mail or send a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders.  If a notice or communication is mailed or sent in the manner provided above, it is duly given, whether or not received by the addressee.
		

		
			If the Company mails or sends a notice or communication to the Holders, it will, at the same time, send a copy to the Trustee and each of the Registrar, Paying Agent and Conversion Agent.
		

		
			If the Company is required under this Indenture to give a notice to the Holders, in lieu of delivering such notice to the Holders, the Company may deliver such notice to the Trustee and cause the Trustee, at the Company’s expense, to have delivered such notice to the Holders on or prior to the date on which the Company would otherwise have been required to deliver such notice to the Holders.  In such a case, the Company will also cause the Trustee to send a copy of the notice to each of the Registrar, Paying Agent and Conversion Agent at the same time it sends the notice to the Holders.
		
Section 12.03     Certificate and Opinion as to Conditions Precedent
		
			.  Upon any request or application by the Company to the Trustee to take any action under this Indenture other than the authentication of the initial Global Note on the Issue Date, the Company will furnish to the Trustee:
		

		 

		

			-  77  -

		

 

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

			
	
			
				 (b)
			an Opinion of Counsel stating that, in the judgment or opinion of such counsel, all such conditions precedent relating to the proposed action (to the extent of legal conclusions and subject to reasonable assumptions and exclusions) have been complied with.

Section 12.04     Statements Required in Certificate or Opinion
		
			.  Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a covenant or condition (except for such Officers’ Certificate required to be delivered pursuant to Section 4.03 hereof) provided for in this Indenture will include:
		

			
	
			
				 (a)
			a statement that each Person making such Officers’ Certificate or Opinion of Counsel has read such covenant or condition;

			
	
			
				 (c)
			a brief statement as to the nature and scope of the examination or investigation upon which the statements, judgments or opinions contained in such Officers’ Certificate or Opinion of Counsel are based;

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

			
	
			
				 (e)
			a statement that, in the judgment or opinion of such Person, such covenant or condition has been complied with.

Section 12.05     Separability Clause
		
			.  In case any provision in this Indenture or in the Notes will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.
		
Section 12.06     Rules by Trustee
		
			.  The Trustee may make reasonable rules for action by, or a meeting of, Holders.
		

		
			Section 12.07     No Personal Liability of Directors, Officers, Employees and Stockholders.
		

		
			No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under this Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation.  By accepting any Note, each Holder waives and releases all such liability.  Such waiver and release are part of the consideration for the issuance of the Notes.
		

		
			﻿
		
Section 12.08     Governing Law and Waiver of Jury Trial
		
			.  THE INDENTURE AND EACH NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  EACH OF THE COMPANY 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 
		

		 

		

			-  78  -

		

 

		PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.
		
Section 12.09     No Recourse Against Others
		
			.  A director, officer, employee or stockholder, as such, of the Company will not have any liability for any obligations of the Company under the Notes or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  By accepting a Note, each Holder will waive and release all such liability.  The waiver and release will be part of the consideration for the issuance of the Notes.
		
Section 12.10     Calculations
		
			.  Except as otherwise provided in this Indenture, the Company will be responsible for making all calculations called for under the Notes and this Indenture.  These calculations include, but are not limited to, determinations of the Last Reported Sale Price of the Common Stock or any other security, the Daily Settlement Amounts, the Daily Conversion Values, accrued interest payable on the Notes and the Conversion Rate in effect on any Conversion Date.
		

		
			The Company will make all calculations in good faith and, absent manifest error, its calculations will be final and binding on all Holders.  The Company will provide a schedule of its calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of the Company’s calculations without independent verification.  If any Holder requests from the Trustee a copy of such schedule, the Trustee will promptly forward a copy of such schedule to such Holder.
		

		
			All calculations will be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be, with 5/100,000ths rounded upward.
		

		
			Neither the Trustee nor the Conversion Agent will have any duty to determine whether the conditions to convertibility of the Notes have been met or whether and to what extent any of the conditions requiring a change to the Conversion Rate have been met, nor will either of them have any responsibility to make calculations under the Indenture to monitor the price of the Company’s Common Stock or the Trading Price.
		
Section 12.11     Successors
		
			.  All agreements of the Company, the Trustee, the Registrar, the Paying Agent and the Conversion Agent in this Indenture and the Notes will bind their respective successors.
		
Section 12.12     Multiple Originals
		
			.  The parties may sign any number of copies of this Indenture.  Each signed copy will be an original, but all of them together represent the same agreement.  One signed copy is enough to prove this Indenture.  The exchange of copies of this Indenture and of signature pages by facsimile, PDF or other electronic transmission will constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile, PDF or other electronic means will be deemed to be their original signatures for all purposes.
		
Section 12.13     Table of Contents; Headings
		
			.  The table of contents and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof.
		

		 

		

			-  79  -

		

 
Section 12.14     Force Majeure
		
			.  The Trustee, Registrar, Paying Agent and Conversion Agent will not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of such Person (including, but not limited to, any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, epidemics, pandemics or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility).
		
Section 12.15     Submission to Jurisdiction
		
			.  The Company:  (a) agrees that any suit, action or proceeding against it arising out of or relating to this Indenture or the Notes, as the case may be, may be instituted in any U.S. federal court with applicable subject matter jurisdiction sitting in The City of New York; (b) waives, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, and any claim that any suit, action or proceeding in such a court has been brought in an inconvenient forum; and (c) submits to the nonexclusive jurisdiction of such courts in any suit, action or proceeding.
		
Section 12.16     Legal Holidays
		
			.  If the Maturity Date or any Interest Payment Date, Fundamental Change Repurchase Date, Redemption Date or Conversion Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the immediately following Business Day with the same force and effect as if taken on such date, and no interest will accrue for the period from and after such date.
		
Section 12.17     No Security Interest Created
		
			.  Except as provided in Section 7.06 or 9.01(b) hereof, nothing in this Indenture or in the Notes, expressed or implied, will 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 12.18     Benefits of Indenture
		
			.  Nothing in this Indenture or in the Notes, expressed or implied, will give to any Person, other than the parties hereto, any Paying Agent, Conversion Agent, Registrar, and their successors hereunder, and the Holders any benefit or any legal or equitable right, remedy or claim under this Indenture.
		
Section 12.19     Tax Withholding
		
			.  Any applicable withholding taxes (including backup withholding) may be withheld from interest and payments upon conversion, repurchase or maturity of the Notes, or if any withholding taxes (including backup withholding) are paid on behalf of a Holder or beneficial owner, those withholding taxes may be set off against payments of cash or Common Stock, if any, payable on the Notes or sales proceeds received by or other funds or assets of the Holder or beneficial owner.
		
Section 12.20     U.S.A. Patriot Act
		
			.  The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions, in order to help fight the funding of terrorism and money laundering, is required to obtain, verify and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee.  The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.
		

		

		

		 

		

			-  80  -

		

 

		[Signature Pages Follow]
		

		
			 
		

		

		

		 

		

			-  81  -

		

 

		IN WITNESS WHEREOF, Green Plains Inc. has caused this Supplemental Indenture to be duly executed as a deed the day and year first before written.
		

		
			Green Plains Inc., as Issuer
		

		
			﻿
		

		
			﻿
		

		
			By:/s/ Todd Becker
		

		
			Name:Todd Becker
		

		
			Title:President Chief Executive Officer
		

		
			﻿
		

		
			 
		

		

		

		 

		

			[Signature Page to Indenture]

		

 

		IN WITNESS WHEREOF, the undersigned, being duly authorized, has executed this Indenture as of the day and year first before written.
		

		
			﻿
		

		
			Wilmington Trust, National Association, as Trustee
		

		
			﻿
		

		
			By:/s/ Barry D. Somrock
		

		
			Name: Barry D. Somrock
		

		
			Title: Vice President
		

		
			﻿
		

		
			 
		

		

		

		 

		

			[Signature Page to Indenture]

		

 

		EXHIBIT A
		

		
			FORM OF NOTE
		

		
			[FORM OF FACE OF NOTE]
		

		
			NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY MAY PURCHASE OR OTHERWISE ACQUIRE THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN.
		

		
			﻿
		

		
			[Include the following legend for Global Notes only (the “Global Notes Legend”):]
		

		
			THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES.
		

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

		
			TRANSFERS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE 2 OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.
		

		
			 
		

		

		

		 

		

			A-1

		

 

		No.:[___]
		

		
			CUSIP:[___]
		

		
			ISIN:[___]
		

		
			﻿
		

		
			Principal Amount $[___]
[Insert for Global Note:  as revised by the Schedule of Increases
and Decreases of Global Note attached hereto]
		

		
			﻿
		

		
			Green Plains Inc.
		

		
			2.25% Convertible Senior Notes due 2027
		

		
			Green Plains Inc., an Iowa corporation, promises to pay to [___][Cede & Co.], or registered assigns, the principal amount of $[___] [Insert for Global Note: (as revised by the Schedule of Increases and Decreases of Global Note attached hereto)] on March 15, 2027.
		

		
			Interest Payment Dates:  March 15 and September 15 of each year, beginning [___].
		

		
			Regular Record Dates: March 1 and September 1 of each year, beginning [___].
		

		
			Additional provisions of this Note are set forth on the other side of this Note.
		

		
			﻿
		

		
			 
		

		

		

		 

		

			A-2

		

 

		Green Plains Inc.
		

		
			﻿
		

		
			By:
		

		
			Name:
		

		
			Title:
		

		
			﻿
		

		
			Dated:
		

		
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			A-3

		

 

		TRUSTEE’S CERTIFICATE OF AUTHENTICATION
		

		
			Wilmington Trust, National Association, as Trustee, certifies that this is one of the Notes referred to in the within-mentioned Indenture.
		

		
			By:
		

		
			Authorized Signatory
		

		
			Dated:
		

		
			﻿
		

		
			 
		

		

		

		 

		

			A-4

		

 

		

			 

		

		[FORM OF REVERSE OF NOTE]
		

		
			GREEN PLAINS INC.
		

		
			2.25% Convertible Senior Notes due 2027
		

		
			This Note is one of a duly authorized issue of notes of Green Plains Inc. (the “Company”), designated as its 2.25% Convertible Senior Notes due 2027 (the “Notes”), all issued or to be issued under and pursuant to an indenture (the “Base Indenture”), dated as of the Issue Date,  and a first supplemental indenture (as the same may be amended from time to time, the “Supplemental Indenture,” and the Base Indenture, as amended by the Supplemental Indenture, and as the same may be further amended or supplemented from time to time with respect to the Notes, the “Indenture”), dated as of the Issue Date,  each between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders.  Capitalized terms used herein and not defined herein have the meanings ascribed to them in the Indenture, and the terms of the Notes include those stated in the Indenture and those incorporated into the Indenture.  Notwithstanding anything herein to the contrary, to the extent that any provision of this Note conflicts with the express provisions of the  Indenture, the provisions of the Indenture will govern and control.
		

		
			1.Interest.
		

		
			This Note will bear interest at a rate equal to 2.25% per annum.  Interest on this Note will accrue from the most recent date to which interest has been paid or provided for, or, if no interest has been paid or provided for, the Issue Date.  Interest will be payable semiannually in arrears on March 15 and September 15 of each year, beginning on [__].  Each payment of cash interest on this Note will include interest accrued for the period commencing on and including the immediately preceding Interest Payment Date (or, if none, the Issue Date) through, and including, the day before the applicable Interest Payment Date.
		

		
			Pursuant to Section 6.04 of the Supplemental Indenture, in certain circumstances, the Company will pay an Extension Fee on this Note.
		

		
			Pursuant to Section 2.04 of the Supplemental Indenture, in certain circumstances, the Company will pay Default Interest on Defaulted Amounts with respect to this Note.
		

		
			2.Method of Payment.
		

		
			The Company will promptly make all payments on this Note on the dates and in the manner provided herein and in the Supplemental Indenture.  Payments on Notes represented by a Global Note (including principal and interest) will be made by wire transfer of immediately available funds to the accounts specified by Depositary.  The Company will pay principal of, and any Fundamental Change Repurchase Price or Redemption Price for, Definitive Notes at the office or agency designated by the Company for such purpose.  Interest on Definitive Notes will be made by check or by wire transfer, as described in Section 2.04, except that any payment of Interest due on the Maturity Date will be made at the office or agency designated by the Company for such 
		

		 

		

			A-5

		

 

		

			 

		

		purpose.  All payments on this Note will be made in money of the United States that at the time of payment is legal tender for payment of public and private debts.
		

		
			3.Paying Agent, Conversion Agent and Registrar.
		

		
			Initially, Wilmington Trust, National Association will act as the Trustee, Paying Agent, Conversion Agent and Registrar.  The Company may appoint and change any Paying Agent, Conversion Agent or Registrar; provided, that the Company will maintain at least one Paying Agent, Conversion Agent and Registrar in the continental United States.  The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Conversion Agent or Registrar.
		

		
			4.Repurchase By the Company at the Option of the Holder upon a Fundamental Change.
		

		
			At the option of the Holder, and subject to the terms and conditions of the Supplemental Indenture, upon the occurrence of a Fundamental Change, each Holder will have the right, at its option, to require the Company to repurchase for cash all of its Notes, or any portion of its Notes having a principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof, at a Fundamental Change Repurchase Price equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Fundamental Change Repurchase Date, unless the Fundamental Change Repurchase Date occurs after a Regular Record Date and on or prior to the Interest Payment Date corresponding to such Regular Record Date, in which case the Company will pay the accrued and unpaid interest on such Notes, on such Interest Payment Date, to the Holder of such Notes as of the Close of Business on such Regular Record Date, and the Fundamental Change Repurchase Price shall not include such accrued and unpaid interest.  To exercise its purchase right, a Holder must comply with the procedures set forth in Article 3 of the Supplemental Indenture.
		

		
			5.Redemption at the Option of the Company.
		

		
			Prior to March 15, 2024, the Company may not redeem the Notes.  Subject to the terms of the Supplemental Indenture, on a Redemption Date occurring on or after March 15, 2024, and prior to the Maturity Date, the Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 140% of the Conversion Price in effect on (i) each of at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the applicable Redemption Notice Date; and (ii) the Trading Day immediately before the Redemption Notice Date.  Any Redemption Date must be at least 30, but not more than 50,  Scheduled Trading Days after the date on which the Company delivers the applicable Redemption Notice.  The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to,  but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on such Notes to, but excluding, such Interest Payment Date will be payable, on or, at the Company’s election before, such Interest Payment Date, to the Holder of such Notes at the Close of Business on such Regular Record Date.
		

		

		

		 

		

			A-6

		

 

		

			 

		

		6.Conversion.
		

		
			Subject to, and upon compliance with, the provisions of Article 10 of the Supplemental Indenture, a Holder may, at its option, convert all of its Notes, or any portion of its Notes having a principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof,  (i) subject to satisfaction of the conditions set forth in Section 10.01(b) of the Supplemental Indenture, at any time prior to the Close of Business on the Business Day immediately preceding September 15, 2026, under the circumstances and during the periods set forth in Section 10.01(b) of the Supplemental Indenture, and (ii) irrespective of the conditions set forth in Section 10.01(b) of the Supplemental Indenture, on or after September 15, 2026 and prior to the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date, in each case, into Conversion Consideration, as provided in Article 10 of the Supplemental Indenture, based on the Conversion Rate.    Notes may not be converted after the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date.
		

		
			7.Denominations; Transfer; Exchange.
		

		
			The Notes are in fully registered form, without coupons, in minimum denominations of $1,000 of principal amount and in integral multiples of $1,000 in excess thereof.  A Holder may transfer or exchange Notes in accordance with the Supplemental Indenture.  The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Supplemental Indenture.  The Registrar need not transfer or exchange any Notes in respect of which a Fundamental Change Repurchase Notice has been given and not withdrawn (except, in the case of a Note to be repurchased in part, the portion of the Note not to be repurchased), after the Company has delivered a Notice of Redemption (except to the extent that Notes are converted or the Company fails to pay the Redemption Price in accordance with Article 11 of the Supplemental Indenture) or in respect of which a Conversion Notice has been given (except, in the case of a Note to be converted in part, the portion of the Note not to be converted).
		

		
			8.Amendment, Supplement and Waiver.
		

		
			Subject to certain exceptions, the Supplemental Indenture permits the Supplemental Indenture and the Notes to be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes. In certain circumstances, the Company and the Trustee may also amend or supplement the Supplemental Indenture or the Notes without the consent of any Holder.  Subject to certain exceptions, the Supplemental Indenture permits the waiver of certain Events of Default or the noncompliance with certain provisions of the Supplemental Indenture and of the Notes with the written consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes.
		

		
			﻿
		

		
			9.Defaults and Remedies.
		

		
			Subject to the immediately following paragraph, if an Event of Default specified in the Supplemental Indenture occurs and is continuing, the Trustee, by delivering a  written notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a  written notice to the Company and the Trustee, may declare all the 
		

		 

		

			A-7

		

 

		

			 

		

		Notes to be due and payable immediately by delivering notice to the Company.  In addition, certain specified Events of Default will cause the Notes to become immediately due and payable without the Trustee or Holders taking any action.
		

		
			﻿
		

		
			If the Company so elects, the sole remedy for an Event of Default relating to the Company’s failure to comply with the reporting obligations under Section 4.02 of the Supplemental Indenture will, for the 60 days after the occurrence of such Event of Default, consist exclusively of the right to receive an Extension Fee on the principal amount of the Notes.
		

		
			﻿
		

		
			Holders may not enforce the Supplemental Indenture or the Notes except as provided in the Supplemental Indenture.  The Trustee may refuse to enforce the Supplemental Indenture or the Notes unless it receives indemnity or security satisfactory to it. Holders of a majority of the principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power, subject to certain limitations set forth in the Supplemental Indenture.  Subject to certain exceptions, the Trustee may withhold from Holders notice of any continuing Event of Default or Default if it determines that withholding notice is in their interest.
		

		
			10.Persons Deemed Owners.
		

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

		
			11.Unclaimed Money or Notes.
		

		
			The Trustee and the Paying Agent will return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Notes that remain unclaimed for two years, subject to applicable unclaimed property law.  After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors, unless an applicable abandoned property law designates another Person.
		

		
			12.Trustee Dealings with the Company.
		

		
			The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not the Trustee.
		

		
			13.Calculations in Respect of Notes.
		

		
			Except as otherwise provided in the Supplemental Indenture, the Company will be responsible for making all calculations called for under the Notes and the Supplemental Indenture.  These calculations include, but are not limited to, determinations of the Last Reported Sale Price of the Common Stock or any other security, the Daily Settlement Amounts, the Daily Conversion Values, accrued interest payable on the Notes and the Conversion Rate in effect on any Conversion Date.
		

		
			The Company will make all these calculations in good faith and, absent manifest error, its calculations will be final and binding on all Holders.
		

		

		

		 

		

			A-8

		

 

		

			 

		

		14.No Recourse Against Others.
		

		
			A director, officer, employee or stockholder, as such, of the Company will not have any liability for any obligations of the Company under the Notes or the Supplemental Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  By accepting a Note, each Holder waives and releases all such liability.  The waiver and release are part of the consideration for the issue of the Notes.
		

		
			15.Authentication.
		

		
			This Note will not be valid until an authorized signatory of the Trustee manually signs the Trustee’s certificate of authentication on the other side of this Note.
		

		
			16.Abbreviations.
		

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

		
			17.GOVERNING LAW.
		

		
			THE SUPPLEMENTAL INDENTURE AND THE NOTES WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
		

		
			18.CUSIP Numbers.
		

		
			Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in any notices as a convenience to Holders.  No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice, and reliance may be placed only on the other identification numbers placed thereon.
		

		
			The Company will furnish to any Holder, upon written request and without charge, a copy of the Supplemental Indenture which has in it the text of this Note.  Requests may be made to:
		

		
			Green Plains Inc.
		

		
			1811 Aksarben Drive
		

		
			Omaha, NE 68106
		

		
			Attn:  Chief Financial Officer
		

		
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			A-9

		

 

		

			 

		

		CONVERSION NOTICE
		

		
			﻿
		

		
			GREEN PLAINS INC.
		

		
			2.25% CONVERTIBLE SENIOR NOTES DUE 2027
		

		
			﻿
		

		
			To convert this Note, check the box ☐
		

		
			﻿
		

		
			To convert the entire principal amount of this Note, check the box ☐
		

		
			﻿
		

		
			To convert only a portion of the principal amount of this Note, check the box ☐ and here specify the principal amount to be converted, which principal amount must equal $1,000 or an integral multiple of $1,000 in excess thereof:
		

		
			﻿
		

		
			$
		

		
			﻿
		

		
			Signature Guaranteed
		

		
			﻿
		

		
			﻿
		

		
			
		

		
			Participant in a Recognized Signature
		

		
			Guarantee Medallion Program
		

		
			﻿
		

		
			﻿
		

		
			By: 
		

		
			Authorized Signatory
		

		
			﻿
		

		
			 
		

		

		

		 

		

			A-10

		

 

		

			 

		

		FUNDAMENTAL CHANGE REPURCHASE NOTICE
		

		
			﻿
		

		
			
Wilmington Trust, National Association
		

		
			Global Capital Markets
		

		
			50 South Sixth Street, Suite 1290
		

		
			Minneapolis, MN  55402
		

		
			Attention:  Green Plains Inc. Administrator
		

		
			﻿
		

		
			The undersigned registered owner of this Note hereby acknowledges receipt of a notice from Green Plains Inc. (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date and requests and instructs the Company to pay to the Holder hereof in accordance with the applicable provisions of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is equal to $1,000 principal amount or an integral multiple of $1,000 in excess thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not occur during the period after a Regular Record Date and on or prior to the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date.
		

		
			﻿
		

		
			Principal amount to be repaid (if less than all):  $              ,000
		

		
			﻿
		

		
			Signature Guaranteed
		

		
			﻿
		

		
			﻿
		

		
			
Participant in a Recognized Signature
		

		
			Guarantee Medallion Program
		

		
			﻿
		

		
			﻿
		

		
			By: 
Authorized Signatory
		

		
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			A-11

		

 

		

			 

		

		[Include for Global Note]
		

		
			SCHEDULE OF INCREASES AND DECREASES OF GLOBAL NOTE
		

		
			
Initial Principal Amount of Global Note: $[___]
		

			
					
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						Amount of Increase in Principal Amount of Global Note

					
					
						Amount of Decrease in Principal Amount of Global Note

					
					
						Principal Amount of Global Note After Increase or Decrease

					
					
						Notation by Registrar or Note Custodian

				
	
					
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			A-12etwo-ex101_26.htm

Exhibit 10.1

[E2OPEN LETTERHEAD]

March 1, 2021

BY Email 
[EXECUTIVE NAME]

Re:Terms of Employment

Dear [EXECUTIVE NAME]:

The purpose of this letter agreement (this “Agreement”) is to set forth the terms of your continued employment with E2open, LLC, a Delaware limited liability company (the “Company”).

1.Term of Employment.  The term of your employment under the terms and conditions set forth in this Agreement will commence on March 1, 2021 (the “Effective Date”) and shall continue until terminated by either party (the period of employment being, the “Term”).

2.Title and Duties.  In connection with your employment with the Company, you will serve as [EXECUTIVE TITLE] of the Company and as [EXECUTIVE TITLE] of E2open Parent Holdings, Inc. (“E2open”) and will have duties and responsibilities typically associated with such title, together with such other duties and responsibilities consistent with your position as reasonably assigned to you from time to time by the Board of Directors of the E2open (the “E2open Board”).  You also agree to serve as an officer and/or director of any other member of the Company Group (as defined below) during the Term, in each case, without any additional compensation.  Your principal place of employment shall be in Austin, Texas, although you understand and agree that you will be required to travel from time to time for business reasons.

3.Conduct During Employment.  In connection with your employment with the Company, you agree to observe and comply with all of the rules, regulations, policies and procedures established by the Company Group from time to time and all applicable laws, rules and regulations imposed by any governmental regulatory authority from time to time.  Without limiting the foregoing, you agree that during your employment with the Company, you will devote your full business time, attention, skill and best efforts to the performance of your employment duties and you are not to engage in any other business or occupation.  Notwithstanding the foregoing, nothing herein shall preclude you from (i) serving, with the prior written consent of the E2open Board, as a member of the boards of directors or advisory boards (or their equivalents in the case of a non-corporate entity) of non-competing businesses, (ii) engaging in charitable activities and community affairs, and (iii) managing your personal investments and affairs; provided, however, that the activities set out in clauses (i), (ii), and (iii) shall be limited by you so as not to materially interfere, individually or in the aggregate, with the performance of your duties and responsibilities hereunder.

4.Base Salary.  Your annual base salary shall be $[XXX,XXX].  Your base salary will be payable in accordance with the Company’s regular payroll practices.

5.Annual Bonus.  You will be eligible for an annual incentive bonus award determined by the E2open Board or the Compensation Committee of the E2open Board (the “Compensation Committee”) in respect of each fiscal year during the Term (the “Annual Bonus”).  Your target Annual Bonus for each fiscal year shall be $[XXX,XXX] (with a maximum opportunity of 200% of target), with the actual Annual Bonus payable being based upon the level of achievement of annual Company Group and individual performance objectives for such fiscal year, as determined by the E2open Board or the Compensation Committee and communicated to you.  The Annual Bonus shall be paid to you at the same time as annual 

bonuses are generally payable to other senior executives of the Company, subject to your continuous employment through the last day of the fiscal year to which it relates, but in no event later than the date that is 21⁄2 months following the last day of the calendar year in which the last day of the applicable fiscal year occurs.

6.Equity Awards.  Subject to approval by either the E2open Board or the Compensation Committee, you will receive an initial equity grant under the E2open 2021 Omnibus Incentive Plan (the “Incentive Plan”) with an aggregate grant date fair value equal to $[X,XXX,XXX], with 33% of the grant value to be awarded in the form of a stock option (the “Initial Option Grant”) exercisable for shares of E2open’s Class A common stock, $0.0001 par value per share (“Class A Common Stock”).  The remaining grant value will be awarded to you in the form of restricted share units, 33% of which will be subject to performance and service based vesting criteria and 33% of which will be subject to solely service based vesting criteria (the “Initial RSU Grant”)].  The Initial Option Grant and Initial RSU Grant will be subject to the terms and conditions of the Incentive Plan and the forms of award agreement filed with the SEC on February 10, 2021 with the Form 8-K.  

Commencing in Fiscal Year 2023, you shall be eligible for annual equity (or other long-term incentive) grants, with an annual target opportunity thereunder of at least $[X,XXX,XXX].  The other terms and conditions (e.g., performance measures, vesting schedules, allocation between different forms of equity) of your subsequent long-term incentive awards, shall be determined by E2open Board or the Compensation Committee from time to time (the “LTIP Awards”) and shall be set forth in the award agreement relating to the grant of such LTIP Award.

7.Benefits.  You will be eligible to participate in health, insurance, retirement, paid time off and other benefits (excluding severance) provided to other executive officers of the Company in accordance with the Company’s benefit plans, programs and policies in effect from time to time.  The Company otherwise expressly reserves the right to change the benefit plans, programs and policies it offers to its employees at any time.

8.Reimbursement of Expenses.  The Company shall pay (or promptly reimburse you) for documented, out-of-pocket expenses reasonably incurred by you in the course of performing your duties and responsibilities hereunder, which are consistent with the Company’s policies in effect from time to time with respect to business expenses, subject to the Company’s requirements with respect to reporting of such expenses.

9.At-Will Employment.  The nature of your employment at the Company is and will continue to be “at will,” meaning that either the Company or you may terminate this Agreement and your employment at any time, with or without notice, with or without cause, and for any reason or for no reason, subject to the obligations upon termination as provided in the Severance Plan (as defined below).  Any statement or representation to the contrary is ineffective unless put into a writing executed on behalf of the Company by an authorized officer. We do ask, however, that you give thirty (30) days’ notice if you decide to terminate your employment.  Upon any termination of your employment, except as otherwise provided for in this Agreement, no further payments by the Company to you will be due other than: (i) accrued but unpaid salary through the applicable date of your termination; (ii) any other accrued benefits to which you may be entitled pursuant to the terms of benefit plans in which you participate at the time of such termination (excluding any employee benefit plan providing for severance or similar benefits), in accordance with the terms contained therein; (iii) any then unpaid amounts for the reimbursement of business expenses submitted in accordance with the Company’s policies and procedures; and (iv) in the event of a termination on account of your death or Disability (as defined in the Incentive Plan) only, a pro-rata Annual Bonus that would otherwise have been earned in respect of the fiscal year in which such termination occurred, pro-rated to reflect the number of days you were employed during such fiscal year 

2

(which amount shall be paid at such time annual bonuses are paid to other similarly situated senior executives of the Company, but in no event later than the date that is two and one-half (21⁄2) months following the last day of the fiscal year in which such termination occurred).  Notwithstanding anything herein to the contrary, if your employment with the Company Group is terminated for Cause (as defined in the Severance Plan), you shall immediately forfeit all rights to any then unpaid Annual Bonus amounts.

Further, upon any termination of your employment hereunder for any reason, except as may otherwise be requested by the Company in writing, you will immediately and without the need for any additional action be deemed to have resigned from all directorships, committee memberships, officer positions and any other positions that you hold with each of the Company, E2open or any of their direct or indirect subsidiary companies (collectively, the “Company Group”) and agree to take any actions as may be reasonably required to effectuate the foregoing.  Your execution of this Agreement will be deemed the grant by you to the officers of the Company of a limited power of attorney to sign in your name and on your behalf any such documentation as may be required to be executed solely for the limited purposes of effectuating such resignations.

10.Severance.  The Company hereby acknowledges that you are eligible to participate in the E2open Parent Holdings, Inc. Executive Severance Plan (the “Severance Plan”) in accordance with the terms and conditions as in effect from time to time.  In consideration for your opportunity to participate in the Severance Plan, you hereby acknowledge and agree that you are no longer eligible to participate in any other severance plans, programs policies or practices of the Company Group. 

11.Proprietary Information Agreement.  You will be required as a condition of your continued employment with the Company to execute the Company’s Employee Proprietary Information, Non-Solicitation and Arbitration Agreement (the “Proprietary Information Agreement”) in the form attached hereto as Exhibit A. The parties hereto acknowledge and agree that this Agreement and the Proprietary Information Agreement shall be considered separate contracts, and the Proprietary Information Agreement will survive the termination of this Agreement for any reason.

12.Representations.  By signing this Agreement, you represent and warrant to the Company that you are under no contractual commitments inconsistent with your obligations to the Company hereunder and that your acceptance of this offer of employment and your performance of the contemplated services hereunder does not and will not conflict with or result in any breach or default under any agreement, contract or arrangement to which you are a party to or violate any other legal restriction.

13.Taxes.  The Company may withhold from any payments made to you all applicable taxes, including but not limited to income, employment, and social insurance taxes, as required by law.  You acknowledge and represent that the Company has not provided any tax advice to you in connection with this Agreement and you have been advised by the Company to seek tax advice from your own tax advisors regarding this Agreement and payments and benefits that may be made to you pursuant to this Agreement, including specifically, the application of the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) to such payments.  While the payments and benefits provided hereunder are intended to be structured in a manner to avoid the implication of any penalty taxes under Section 409A of the Code, in no event whatsoever will the Company Group be liable for any additional tax, interest or penalties that may be imposed on you as a result of Section 409A of the Code or any damages for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A of the Code).

Notwithstanding any provision in this Agreement to the contrary:

3

▪The payment (or commencement of a series of payments) of any nonqualified deferred compensation (within the meaning of Section 409A of the Code) upon a termination of employment will be delayed until such time as you have also undergone a “separation from service” as defined in Treas. Reg. 1.409A-1(h), at which time such nonqualified deferred compensation (calculated as of the date of your termination of employment) will be paid (or commence to be paid) to you on the schedule set forth in this Agreement as if you had undergone such termination of employment (under the same circumstances) on the date of your ultimate “separation from service.”

▪Any payment otherwise required to be made to you hereunder at any date as a result of the termination of your employment will be delayed for such period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code (the “Delay Period”).  On the first business day following the expiration of the Delay Period, you will be paid, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence and any remaining payments not so delayed will continue to be paid pursuant to the payment schedule set forth herein.

▪Each payment in a series of payments hereunder will be deemed to be a separate payment for purposes of Section 409A of the Code.

▪To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code), (i) any such expense reimbursement shall be made by the Company no later than the last day of the taxable year following the taxable year in which such expense was incurred by you, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect.

14.Remedies.  In addition to all other legal and equitable remedies, the prevailing party in any dispute that in any way relates to this Agreement shall be entitled to recover his or its reasonable attorneys’ fees and expenses incurred in connection with such dispute.

15.Entire Agreement.  This Agreement, including, each of the Exhibits attached hereto, (together with the Proprietary Information Agreement and any and all benefit plans and programs in place from time-to-time) forms the complete and exclusive statement of your employment with the Company and the compensation payable to you.  It supersedes any prior employment and/or non-competition, non-solicitation and/or non-disclosure agreements between you and member of the Company Group, including without limitation that certain employment agreement by and between you and the Company, dated [XXXX XX, XXXX], as amended, other representations or promises made to you by anyone, whether oral or written (including any offer letters), and it can only be modified in a written agreement signed by you and a properly authorized director or officer of the Company. 

16.Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE.  BY EXECUTION OF THIS AGREEMENT, YOU ARE WAIVING ANY RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION OR PROCEEDING UNDER OR IN CONNECTION WITH THIS AGREEMENT.

4

17.Successors and Assigns.  This Agreement shall inure to the benefit of the Company and its respective successors and assigns.  Neither this Agreement nor any of the rights, obligations, or interests arising hereunder may be assigned by the Company to any person or entity (other than to E2open or to any of the Company’s direct or indirect subsidiary companies) without your prior written consent (which shall not be unreasonably withheld, delayed, or conditioned); provided, however, that in the event of a sale of all or substantially all of the assets of the Company, the Company shall provide that this Agreement be assigned to, and assumed by, the acquirer of such assets, it being agreed that in such circumstances, your consent will not be required in connection therewith.  Your rights and obligations under this Agreement shall not be transferable by you by assignment or otherwise, without the prior written consent of the Company; provided, however, that if you die, all amounts then payable to you hereunder shall be paid in accordance with the terms of this Agreement to your devisee, legatee, or other designee, or if there be no such designee, to your estate.

18.Survival. The provisions of this Agreement shall survive any termination of your employment to the extent necessary to give effect thereto.

***

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If you agree with the terms and conditions of your continued employment as set forth herein, please sign the enclosed copy of this Agreement in the space indicated and return it to the Company.  Your signature will acknowledge that you have read, understand and agree to the terms and conditions of this Agreement.  This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. The execution of this Agreement may be by actual signature or by signature delivered by facsimile or by e-mail as a portable data format (.pdf) file or image file attachment.

Sincerely,

		
	
E2OPEN PARENT HOLDINGS, INC.

	
 
	
 

	
 
	
 

	
By:
	
 

	
Name:
	
Laura L. Fese

	
Title:
	
EVP, General Counsel & Secretary

 

		
	
E2OPEN, LLC

	
 
	
 

	
 
	
 

	
By:
	
 

	
Name:
	
Laura L. Fese

	
Title:
	
EVP – General Counsel & Secretary

 

Acknowledged and Agreed as of this 1st day of March 2021:

		
	
Signature:
	
 

	
Name:
	
[EXECUTIVE NAME]

 

 

[E2open Parent Holdings, Inc. – [Name] Letter Agreement]

 

 

EXHIBIT A

Employee Proprietary Information, Non-Solicitation and Arbitration Agreement

As a condition of my employment with E2open, LLC, its subsidiaries, affiliates, successors or assigns (together the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company, I agree to the following:

	
1.
	
At-Will Employment. I understand and acknowledge that my employment with the Company is for an unspecified duration and constitutes “at-will” employment. I acknowledge that this employment relationship may be terminated at any time, with or without good cause or for any or no cause, at the option either of the Company or myself, with or without notice. I have obligations to Company that may or may not be set forth in this Employee Proprietary Information, Non-Solicitation and Arbitration Agreement (the “Agreement”). Nevertheless, the terms of this Agreement govern over any inconsistent terms otherwise provided to me and this Agreement can only be changed or amended by written agreement signed by me and the Chairman of the Board of the Company.

	
2.
	
Confidential Information.

	
(a)
	
Company Information.  I agree at all times during the term of my employment and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or company (except within the scope of my employment) without written authorization of the Chairman of the Board of the Company, any Confidential Information of the Company. I understand that “Confidential Information” means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I became acquainted during the term of my employment), markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, computer programs, hardware configuration information, marketing, finances or other business information disclosed to me by the Company either directly or indirectly, in writing, orally, by drawings, or by observation of parts or equipment. I further understand that Confidential Information does not include any of the foregoing items, which have become publicly known and made generally available through no wrongful act of mine or of others who were under confidentiality obligations as to the item or items involved. I also recognize and agree that I have no expectation of privacy with respect to Company’s telecommunications, networking or information processing systems (including, without limitation, stored computer files, email messages and voice messages) and that my activity and any files or messages on or using any of those systems may be monitored at any time without notice. Notwithstanding anything to the contrary herein, nothing in this Agreement is intended to limit my right (i) to discuss the terms, wages, and working conditions of my employment to the extent permitted and/or protected by applicable labor laws, (ii) to report Confidential Information in a confidential manner either to a federal, state or local government official or to an attorney where such disclosure is solely for the purpose of reporting or investigating a suspected violation of law, or (iii) to disclose Confidential Information in an anti-retaliation lawsuit or other legal proceeding, so long as that disclosure or filing is made under seal and I do not otherwise disclose such Confidential Information, except pursuant to court order.

	
(b)
	
Former Employer Information.  I agree that I will not, during my employment with the Company, improperly use or disclose any proprietary information or trade secrets of any former or concurrent employer or other person or entity and that I will not bring onto the premises of the Company any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity.

 

 

	
(c)
	
Third Party Information.  I recognize that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or company or to use it except as necessary in carrying out my work for the Company consistent with the Company’s agreement with such third party.

	
3.
	
Inventions.

	
(a)
	
Inventions Retained and Licensed.  I have attached hereto, as Exhibit A, a list describing all inventions, original works of authorship, developments, improvements, and trade secrets which were made by me prior to my employment with the Company, which belong to me, which relate to the Company’s proposed business, products or research and development, and which are not assigned to the Company hereunder (collectively referred to as “Prior Inventions”); or, if no such list is attached, I represent that there are no such Prior Inventions. If in the course of my employment with the Company, I incorporate any Prior Inventions into any Company invention, improvement, development, product, copyrightable material or trade secret any invention, improvement, development, concept, discovery or other proprietary information owned by me or in which I have an interest, the Company is hereby granted and shall have a non- exclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such item as part of or in connection with such product, process or machine.

	
(b)
	
Assignment of Inventions.  Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask work rights, sui generis database rights and all other intellectual and industrial property rights of any sort throughout the world relating to any and all inventions (whether or not patentable), works of authorship, mask works, designs, know-how, ideas and information made or conceived or reduced to practice, in the whole or in part, by me during the term of my employment with Company and to the fullest extent allowed by law (collectively referred to herein as “Inventions”). I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to any and all Inventions, except as provided in Section 3(e) below. To the extent allowed by law, this section includes all right of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights” or the like. To the extent I retain any such moral rights under applicable law, I hereby ratify and consent to any action that may be taken with respect to such moral rights by or authorized by Company and agree not to assert any moral rights with respect thereto. I will confirm any such ratifications, consents and agreements from time to time as requested by Company.

	
(c)
	
Maintenance of Records.  I agree to keep and maintain adequate and current written records of all Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times.

	
(d)
	
Patent and Copyright Registrations.  I understand and agree that all original works of authorship which are made by me (solely or jointly with others) within the scope of and during the period of my employment and which are protectable by copyright are “works made for hire” to the greatest extent permitted by applicable law, including the United States Copyright Act (17 U.S.C. §101 et seq.). I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, 

 

 

		
specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable because of my mental or physical incapacity or for any other reason to secure my signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me.

	
(e)
	
Exception to Assignments.  I understand that the provisions of this Agreement requiring assignment of Inventions to the Company do not apply to any invention developed by me entirely on my own time, without using the Company’s equipment, supplies, facilities, or trade secret information, provided such invention does not relate at the time of conception or reduction to practice to the Company’s business, or actual or demonstrably anticipated research or development of the Company, or results from any work performed by me for the Company. I will advise the Company promptly in writing of any inventions that I believe meet this criteria and not otherwise disclosed on Exhibit A.

	
4.
	
Conflicting Employment.  I agree that, during the term of my employment with the Company, I will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of my employment, nor will I engage in any other activities that conflict with my obligations to the Company.

	
5.
	
Returning Company Documents.  I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items developed by me pursuant to my employment with the Company or otherwise belonging to the Company, its successors or assigns. In the event of the termination of my employment, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit B.

	
6.
	
Notification to New Employer.  In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement.

	
7.
	
Non-Competition.  I agree that, during the term of my employment with the Company and for a period of twelve (12) months immediately following the termination of my relationship with the Company for any reason, I shall not, without the Company’s prior written consent, directly or indirectly, as a principal, employee, consultant, partner, or stockholder of, or in any capacity with, any business enterprise (other than in my capacity as a holder of not more than 1% of the combined voting power of the outstanding stock of a publicly held company) (a) engage in any employment or business activity that is in direct or indirect competition with, or would otherwise conflict with my employment by, the Company, (b) conduct a business related to that of the Company, or (c) develop products or services competitive with those of the Company. To the extent necessary to comply with applicable law, the provisions of this Section 7 that apply following the termination of my relationship 

 

 

		
with the Company shall not apply to the extent that I am a resident of the State of California (or any other state that prohibits covenants not to compete) or employed by the Company primarily in the State of California (or any other state that prohibits covenants not to compete).

	
8.
	
Solicitation of Employees/Customers.  In consideration of my employment with the Company and the Company providing me with Confidential Information, and so as to enforce this Agreement, during my employment and for a period of twelve (12) months after its termination for any reason, I agree that I will not, directly or indirectly, for my own benefit or for the benefit of another, without the Company’s prior written consent:

	
(a)
	
solicit, recruit, encourage, or induce any employee of the Company to terminate his or her relationship with the Company for any reason, or hire any employee of the Company to work in any capacity for a person or entity that offers products or services similar to or competitive with those offered by the Company; for purposes of this Section 8(a), an employee of the Company includes only those individuals with whom I had contact, or with regard to whom I received Confidential Information, in the course of my employment with the Company, and excludes those individuals whose employment with the Company has been terminated more than ninety (90) days; or

	
(b)
	
solicit, call on, recruit, encourage or induce any customer of the Company with whom I had contact in the course of my employment with the Company, or with regard to whom I received Confidential Information, to terminate its customer relationship or reduce its volume of business with the Company, or to become a customer of another entity if such other entity provides products or services similar to or competitive with those offered by the Company.

	
9.
	
Representations.  I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered into, and I agree I will not enter into, any oral or written agreement in conflict herewith.

	
10.
	
Arbitration and Equitable Relief.

	
(a)
	
Arbitration.  Except as provided in Section 10(c) below, I agree that any dispute, claim or controversy concerning my employment with the Company, the termination of my employment with the Company, or any dispute, claim or controversy arising out of or relating to any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in the county of the Company office where I last regularly performed services for the Company, in accordance with the then-in-effect Employment Arbitration Rules of the American Arbitration Association. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. The arbitrator must maintain the confidentiality of the arbitration proceeding and will have the authority to make appropriate rulings to preserve that confidentiality, except as otherwise agreed by the parties or as contrary to applicable law. I acknowledge that the Company will pay the arbitration costs except for the initial filing fee, which is to be paid by me if I initiate the arbitration. The arbitrator, however, may make an award of costs, including arbitration costs, to the prevailing party as part of the arbitrator’s final decision. I agree that each of the parties shall separately pay their own litigation costs and legal counsel’s fees and expenses.

	
(b)
	
Class Action Waiver.  All claims covered by this arbitration agreement are intended to be brought and resolved on an individual basis. The Company and I agree that the arbitrator shall not have the authority to consolidate the claims of other employees into a single proceeding, to fashion a proceeding as a class, collective, or representative action, or to award relief to a class or group 

 

 

		
of employees. Any dispute regarding the enforceability of this class action waiver may not be submitted to an arbitrator. Any such dispute must be submitted to a court of competent jurisdiction. Any other dispute related to the applicability of the arbitration agreement to a certain claim must be submitted to an arbitrator.

	
(c)
	
Equitable Remedies.  I agree that it would be impossible or inadequate to measure and calculate the Company’s damages from any breach of the covenants set forth in Sections 2, 3, 5, 7 and 8 herein. Accordingly, I agree that if I breach any of such Sections, the Company will have available, in addition to any other right or remedy available, the right to obtain an injunction from a court of competent jurisdiction restraining such breach or threatened breach and to specific performance of any such provision of this Agreement. I further agree that no bond or other security shall be required in obtaining such equitable relief and I hereby consent to the issuance of such injunction and to the ordering of specific performance.

	
11.
	
General Provisions

	
(a)
	
Governing Law; Consent to Personal Jurisdiction and Venue.  This Agreement will be governed by the laws of the state of the Company office where I last regularly performed services for the Company, regardless of choice of law principles.

	
(b)
	
Entire Agreement.  This Agreement sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein and merges all prior discussions between us. No waiver of any rights under this agreement will be effective unless in writing signed by the party waiving its rights. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement.

	
(c)
	
Severability.  If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full force and effect.

	
(d)
	
Successors and Assigns.  This Agreement may not be assigned without the prior written consent of the Company. Subject to the foregoing sentence, this Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will be for the benefit of the Company, its successors, and its assigns.

I HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY, IN DUPLICATE, WITH THE UNDERSTANDING THAT ONE COUNTERPART WILL BE RETAINED BY THE COMPANY AND THE OTHER COUNTERPART WILL BE RETAINED BY ME.

		
	
Date:
	
 

	
 
	
 

	
Signature
	
 

	
 
	
 

	
 

	
Name of Employee (typed or printed)

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