Document:

Exhibit 10.3

February 6, 2007

To:                                                                              Conceptus,
Inc.

331 East Evelyn Avenue

Mountain View, California  94041

Attn:  Chief Financial Officer

Telephone:  (650) 962-4000

Facsimile:  (650) 962-5200

From:                                                                  UBS
AG, London Branch

c/o UBS Securities LLC

299 Park Avenue

New York, NY  10171

Attn:  Adam Frieman

Telephone:  (212) 821-2100

Facsimile:  (212) 821-4610

Re:                                                                             Issuer
Warrant Transaction

(UBS Reference Number: BKP352STM2297286)

Ladies and Gentlemen:

The purpose of
this communication (this “Confirmation”)
is to set forth the terms and conditions of the above-referenced transaction
entered into on the Trade Date specified below (the “Transaction”)
between UBS AG, London Branch (“Dealer”)
represented by UBS Securities LLC (“Agent”)
as its agent, and Conceptus, Inc. (“Issuer”).  This communication constitutes a “Confirmation”
as referred to in the ISDA Master Agreement specified below.

1.                                       This
Confirmation is subject to, and incorporates, the definitions and provisions of
the 2000 ISDA Definitions (including the Annex thereto) (the “2000 Definitions”) and the definitions and provisions of the
2002 ISDA Equity Derivatives Definitions (the “Equity
Definitions”, and together with the 2000 Definitions, the “Definitions”), in each case as published by the
International Swaps and Derivatives Association, Inc. (“ISDA”).  In the event of any inconsistency between the
2000 Definitions and the Equity Definitions, the Equity Definitions will
govern.  For purposes of the Equity
Definitions, each reference herein to a Warrant shall be deemed to be a
reference to a Call Option or an Option, as context requires.

Each party is hereby advised, and each such party
acknowledges, that the other party has engaged in, or refrained from engaging
in, substantial financial transactions and has taken other material actions in
reliance upon the parties’ entry into the Transaction to which this
Confirmation relates on the terms and conditions set forth below.

This Confirmation
evidences a complete and binding agreement between Dealer and Issuer as to the
terms of the Transaction to which this Confirmation relates.  This Confirmation shall be subject to an
agreement (the “Agreement”) in the
form of the 2002 ISDA Master Agreement (the “ISDA Form”)
as if Dealer and Issuer had executed an agreement in such form (without any
Schedule but with the elections set forth in this Confirmation).  For the avoidance of doubt, the Transaction
shall be the only transaction under the Agreement.

All provisions contained in, or incorporated by
reference to, the Agreement will govern this Confirmation except as expressly
modified herein.  In the event of any
inconsistency between this Confirmation and either the Definitions or the
Agreement, this Confirmation shall govern.

2.                                       The
Transaction is a Warrant Transaction, which shall be considered a Share Option
Transaction for purposes of the Equity Definitions.  The terms of the particular Transaction to
which this Confirmation relates are as follows:

General Terms:

	
  Trade Date:

  	
  February 6, 2007

  
	
   

  	
   

  
	
  Effective Date:

  	
  February 12, 2007, subject to Section 8(m) below

  
	
   

  	
   

  
	
  Components:

  	
  The Transaction will be divided into individual
  Components as set forth in Annex A (which shall be increased proportionately
  if the Number of Warrants is increased), each with the terms set forth in
  this Confirmation, and, in particular, with the Number of Warrants and
  Expiration Date set forth in this Confirmation. The payments and deliveries
  to be made upon settlement of the Transaction will be determined separately
  for each Component as if each Component were a separate Transaction under the
  Agreement.

  
	
   

  	
   

  
	
  Warrant Style:

  	
  European

  
	
   

  	
   

  
	
  Warrant Type:

  	
  Call

  
	
   

  	
   

  
	
  Seller:

  	
  Issuer

  
	
   

  	
   

  
	
  Buyer:

  	
  Dealer

  
	
   

  	
   

  
	
  Shares:

  	
  The Common Stock of Issuer, par value USD 0.003 per
  share (Ticker Symbol: “CPTS”).

  
	
   

  	
   

  
	
  Number of
  Warrants:

  	
  For each Component, as provided in Annex A to this
  Confirmation; provided that the Number of
  Warrants shall be automatically increased as of the date of each exercise by
  UBS Securities LLC of its over-allotment option pursuant to Section 1 of the
  Underwriting Agreement dated February 6, 2007 between Counterparty and UBS
  Securities LLC (the “Underwriting Agreement”) by the number of
  additional Warrants in proportion to the increase in the number of 2.25% Convertible Senior Notes due
  2027 (the “Convertible Notes”),
  in denominations of USD 1,000 principal amount issued pursuant to such
  exercise (such Convertible Notes, the “Additional Convertible
  Notes”).

  
	
   

  	
   

  
	
  Warrant
  Entitlement:

  	
  One Share per Warrant

  
	
   

  	
   

  
	
  Strike Price:

  	
  USD36.4650

  
	
   

  	
   

  
	
  Premium:

  	
  USD8,060,000 (Premium per Warrant approximately
  USD3.4577); provided that if
  the Number of Warrants is increased pursuant to the proviso to the definition
  of “Number of Warrants” above, there shall be an additional Premium equal to
  the product of the number of Warrants by which the Number of Warrants is so
  increased and the Premium per Warrant.

  
	
   

  	
   

  
	
  Premium Payment
  Date:

  	
  The Effective Date

  
	
   

  	
   

  
	
  Exchange:

  	
  NASDAQ Global Market

  

 

 2
 

 

	
  Related Exchange:

  	
  All Exchanges

  
	
   

  	
   

  
	
  Procedures for Exercise:

  	
   

  
	
   

  	
   

  
	
  In
  respect of any Component:

  	
   

  
	
   

  	
   

  
	
  Expiration Time:

  	
  Valuation Time

  
	
   

  	
   

  
	
  Expiration Date:

  	
  As provided in Annex A to this Confirmation
  (or, if such date is not a Scheduled Trading Day, the next following
  Scheduled Trading Day that is not already an Expiration Date for another
  Component); provided that if that date is a
  Disrupted Day, the Expiration Date for such Component shall be the first
  succeeding Scheduled Trading Day that is not a Disrupted Day and is not or is
  not deemed to be an Expiration Date in respect of any other Component of the
  Transaction hereunder; and provided, further,
  that if the Expiration Date has not occurred pursuant to the preceding
  proviso as of the Final Disruption Date, the Final Disruption Date shall be
  the Expiration Date (irrespective of whether such date is an Expiration Date
  in respect of any other Component for the Transaction). “Final
  Disruption Date” means November 20, 2012. Notwithstanding the
  foregoing and anything to the contrary in the Equity Definitions, if a Market
  Disruption Event occurs on any Expiration Date, the Calculation Agent may
  determine that such Expiration Date is a Disrupted Day only in part, in which
  case the Calculation Agent shall make adjustments to the number of Warrants
  for the relevant Component for which such day shall be the Expiration Date
  and shall designate the Scheduled Trading Day determined in the manner
  described in the immediately preceding sentence as the Expiration Date for
  the remaining Warrants for such Component. Section 6.6 of the Equity
  Definitions shall not apply to any Valuation Date occurring on an Expiration
  Date.

  
	
   

  	
   

  
	
  Market
  Disruption Event:

  	
  Section 6.3(a) of the 2002 Definitions is hereby
  amended by deleting the words “during the one hour period that ends at the relevant
  Valuation Time, Latest Exercise Time, Knock-in Valuation Time or Knock-out
  Valuation Time, as the case may be,” in clause (ii) thereof.

  
	
   

  	
   

  
	
  Automatic
  Exercise:

  	
  Applicable; and means that each Warrant not
  previously exercised under the Transaction will be deemed to be automatically
  exercised at the Expiration Time on the Expiration Date unless Buyer notifies
  Seller (by telephone or in writing) prior to the Expiration Time on the
  Expiration Date that it does not wish Automatic Exercise to occur, in which
  case Automatic Exercise will not apply.

  
	
   

  	
   

  
	
  Issuer’s
  Telephone Number and Telex and/or Facsimile Number and Contact Details for
  purpose of Giving Notice:

  	
  Attn: Chief Financial Officer

  
	
   

  	
  Telephone: (650) 962-4000

  
	
   

  	
  Facsimile: (650) 962-5200

  

 

 3
 

 

	
  Settlement
  Terms:

  
	
   

  
	
  In respect of any Component:

  
	
   

  	
   

  
	
  Settlement Currency:           USD

  	
   

  
	
   

  	
   

  
	
  Net Share Settlement:

  	
  On each Settlement Date, Issuer shall deliver to
  Dealer a number of Shares equal to the Number of Shares to be Delivered for
  such Settlement Date to the account specified by Dealer and cash in lieu of
  any fractional shares valued at the Relevant Price on the Valuation Date
  corresponding to such Settlement Date. If, in the reasonable opinion of
  Issuer or Dealer based on advice of counsel, for any reason, the Shares
  deliverable upon Net Share Settlement would not be immediately freely
  transferable by Dealer under Rule 144(k) under the Securities Act of 1933, as
  amended (the “Securities Act”), then Dealer
  may elect to either (x) accept delivery of such Shares notwithstanding any
  restriction on transfer or (y) have the provisions set forth in Section 8(b)
  below apply.

  
	
   

  	
   

  
	
   

  	
  The Number of Shares to be Delivered shall be
  delivered by Issuer to Dealer no later than 12:00 noon (local time in New York
  City) on the relevant Settlement Date.

  
	
   

  	
   

  
	
  Number of Shares to be
  Delivered:

  	
  In respect of any Exercise Date, subject to the last
  sentence of Section 9.5 of the Equity Definitions, the product of (i) the
  number of Warrants exercised or deemed exercised on such Exercise Date, (ii)
  the Warrant Entitlement and (iii) (A) the excess of the VWAP Price on the
  Valuation Date occurring on such Exercise Date over the Strike Price divided  by (B) such
  VWAP Price.

  
	
   

  	
   

  
	
  VWAP Price:

  	
  For any Valuation Date, the per Share
  volume-weighted average price as displayed under the heading “Bloomberg VWAP”
  on Bloomberg page CPTS <Equity> VAP (or any successor thereto) in
  respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on
  such Valuation Date (or if such volume-weighted average price is unavailable,
  the market value of one Share on such Valuation Date, as determined by the
  Calculation Agent). Notwithstanding anything to the contrary in the Equity
  Definitions, if there is a Market Disruption Event on any Valuation Date,
  then the Calculation Agent shall determine the VWAP Price for such Valuation
  Date on the basis of its good faith estimate, determined in a commercially
  reasonable manner, of the market value for the relevant Shares on such
  Valuation Date.

  
	
   

  	
   

  
	
  Other Applicable
  Provisions:

  	
  The provisions of Sections 9.1(c), 9.8, 9.9, 9.10,
  9.11 (except that the Representation and Agreement contained in Section 9.11
  of the Equity Definitions shall be modified by excluding any representations
  therein relating to restrictions, obligations, limitations or requirements
  under applicable securities laws as a result of the fact that Seller is the
  Issuer of the Shares) and 9.12 of the Equity Definitions will be applicable,
  except that all references in such provisions to “Physically-Settled” shall
  be read as references to “Net Share Settled”. “Net Share

  

 

 4
 

 

	
  

  	
  Settled” in relation to any Warrant means that Net
  Share Settlement is applicable to such Warrant.

  
	
   

  	
   

  
	
  Adjustments:

  	
   

  
	
   

  	
   

  
	
  In respect of any Component:

  	
   

  
	
   

  	
   

  
	
  Method of Adjustment:

  	
  Calculation Agent Adjustment

  
	
   

  	
   

  
	
  Extraordinary Dividend:

  	
  Any cash dividend on the shares with an ex-dividend
  date occurring during the period from and including the Trade Date, to but
  excluding the last Expiration Date.

  
	
  Extraordinary Events:

  	
   

  
	
   

  	
   

  
	
  Consequences of Merger
  Events:

  	
   

  
	
   

  	
   

  
	
  (a)   Share-for-Share:

  	
  Modified Calculation Agent Adjustment

  
	
   

  	
   

  
	
  (b)   Share-for-Other:

  	
  Cancellation and Payment (Calculation Agent
  Determination) or Modified Calculation Agent Adjustment, at the election of
  Buyer, it being understood that Buyer shall have the option to elect for
  Cancellation and Payment (Calculation Agent Determination) to apply to a
  portion of the Transaction and for Modified Calculation Agent Adjustment to
  apply to a portion of the Transaction.

  
	
   

  	
   

  
	
  (c)   Share-for-Combined:

  	
  Component Adjustment (Calculation Agent
  Determination)

  
	
   

  	
   

  
	
  Tender Offer:

  	
  Applicable

  
	
   

  	
   

  
	
  Consequences of Tender
  Offers:

  	
   

  
	
   

  	
   

  
	
  (a)   Share-for-Share:

  	
  Modified Calculation Agent Adjustment

  
	
   

  	
   

  
	
  (b)   Share-for-Other:

  	
  Cancellation and Payment (Calculation Agent
  Determination) or Modified Calculation Agent Adjustment, at the election of
  Buyer, it being understood that Buyer shall have the option to elect for
  Cancellation and Payment (Calculation Agent Determination) to apply to a
  portion of the Transaction and for Modified Calculation Agent Adjustment to
  apply to a portion of the Transaction.

  
	
   

  	
   

  
	
  (c)   Share-for-Combined:

  	
  Component Adjustment (Calculation Agent
  Determination)

  
	
   

  	
   

  
	
  Nationalization,
  Insolvency 

  
	
  or Delisting:

  	
  Cancellation and Payment (Calculation Agent
  Determination); provided that
  in addition to the provisions of Section 12.6(a)(iii) of the Equity
  Definitions, it shall also constitute a Delisting if the Exchange is located
  in the United States and the Shares are not immediately re-listed, re-traded
  or re-quoted on any of the New York Stock Exchange, the American Stock
  Exchange or The NASDAQ Global Market (or their respective successors); if the
  Shares are immediately re-listed, re-traded or re-quoted on any such exchange
  or quotation system, such

  

 

 5
 

 

	
  

  	
  exchange or quotation system shall thereafter be
  deemed to be the Exchange; and provided, further,
  that the definition of “Delisting” in Section 12.6 (a)(iii) of the Equity
  Definitions shall be deemed to be amended by adding “, subject to no further
  conditions,” after the word “will.”

  
	
   

  	
   

  
	
  Additional
  Disruption Events:

  	
   

  
	
   

  	
   

  
	
  (a)   Change in Law:

  	
  Applicable

  
	
   

  	
   

  
	
  (b)   Failure to Deliver:

  	
  Applicable

  
	
   

  	
   

  
	
  (c)   Insolvency Filing:

  	
  Applicable

  
	
   

  	
   

  
	
  (d)   Hedging Disruption:

  	
  Applicable

  
	
   

  	
   

  
	
  (e)   Increased Cost of Hedging:

  	
  Not Applicable

  
	
   

  	
   

  
	
  (f)    Loss of Stock Borrow:

  	
  Applicable

  
	
   

  	
   

  
	
  Maximum Stock
  Loan Rate:

  	
  2.00%

  
	
   

  	
   

  
	
  (g)   Increased Cost of Stock Borrow:

  	
  Applicable

  
	
   

  	
   

  
	
  Initial Stock
  Loan Rate:

  	
  0.25%

  
	
   

  	
   

  
	
  Hedging Party:

  	
  Buyer for all applicable Additional Disruption
  Events

  
	
   

  	
   

  
	
  Determining
  Party:

  	
  Buyer for all applicable Additional Disruption
  Events

  
	
   

  	
   

  
	
  Non-Reliance:

  	
  Applicable

  
	
   

  	
   

  
	
  Agreements and Acknowledgments Regarding Hedging
  Activities:

  	
  Applicable

  
	
   

  	
   

  
	
  Additional
  Acknowledgments:

  	
  Applicable

  

 

3.                                       Calculation
Agent:                                            Dealer

4.                                       Account
Details:

Dealer Payment
Instructions:

UBS AG Stamford

SWIFT:       UBSWUS33XXX

Bank Routing:  026-007-993

Account Name:  UBS AG, London Branch

Account No. :  101-WA-140007-000

Issuer Payment
Instructions:                                                                                       To
be provided by Issuer.

 6
 

5.                                        Offices:

The Office of Dealer for the Transaction is:

	
  UBS AG

  
	
  100 Liverpool Street

  
	
  London EC2M 2RH

  
	
  United Kingdom

  
	
  Telephone:

  	
  +44 207 568 0687

  
	
  Facsimile:

  	
  +44 207 568 9895/6

  

 

The Office of
Issuer for the Transaction is:  N/A

For the purpose of
Section 10(c) of the Agreement, neither party is a Multibranch Party.

6.                                       Notices:  For purposes of this Confirmation:

(a)                                  Address for notices
or communications to Issuer:

	
  To:

  	
  Conceptus, Inc.

  
	
   

  	
  331 East Evelyn Avenue

  
	
   

  	
  Mountain View, California 94041

  
	
  Attn:

  	
  Chief Financial Officer

  
	
  Telephone:

  	
  (650) 962-4000

  
	
  Facsimile:

  	
  (650) 962-5200

  

 

(b)                                 Address for notices or
communications to Dealer:

	
  To:

  	
  UBS AG, London Branch

  
	
   

  	
  c/o UBS Securities LLC

  
	
   

  	
  299 Park Avenue

  
	
   

  	
  New York, NY 10171

  
	
  Attn:

  	
  Adam Frieman

  
	
  Telephone:

  	
  (212) 821-2100

  
	
  Facsimile:

  	
  (212) 821-4610

  

 

With a copy to:

	
  To:

  	
  Equities Legal Department

  
	
   

  	
  677 Washington Boulevard

  
	
   

  	
  Stamford, CT 06901

  
	
  Attn:

  	
  David Kelly and Gordon Kiesling

  
	
  Telephone:

  	
  (203) 719-0268

  
	
  Facsimile:

  	
  (203) 719-5627

  

 

and:

	
  To:

  	
  Equities Volatility Trading

  
	
   

  	
  677 Washington Boulevard

  
	
   

  	
  Stamford, CT 06901

  
	
  Attn:

  	
  Namuk Cho and Brian Ward

  
	
  Telephone:

  	
  (203) 719-7330

  
	
  Facsimile:

  	
  (203) 719-7910

  

 

 7
 

7.                                       Representations,
Warranties and Agreements:

(a)                                  In addition to the
representations and warranties in the Agreement and those contained elsewhere
herein, Issuer represents and warrants to and for the benefit of, and agrees
with, Dealer as follows:

(i)                                     On
the Trade Date, (A) Issuer is not aware of any material nonpublic information
regarding Issuer or the Shares and (B) all reports and other documents filed by
Issuer with the Securities and Exchange Commission pursuant to the Securities
Act of 1933, as amended (the “Securities Act”),
and Exchange Act when considered as a whole (with the more recent such reports
and documents deemed to amend inconsistent statements contained in any earlier
such reports and documents), do not contain any untrue statement of a material
fact or any omission of a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances in
which they were made, not misleading.

(ii)                                  Without
limiting the generality of Section 13.1 of the Equity Definitions, Issuer
acknowledges that Dealer is not making any representations or warranties with
respect to the treatment of the Transaction under FASB Statements 149 or 150,
EITF Issue No. 00-19 (or any successor issue statements) or under FASB’s
Liabilities & Equity Project.

(iii)                               Prior
to the Trade Date, Issuer shall deliver to Dealer a resolution of Issuer’s
board of directors authorizing the Transaction and such other certificate or
certificates as Dealer shall reasonably request.

(iv)                              Issuer
is not entering into this Confirmation to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for
Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in
violation of the Exchange Act.

(v)                                 Issuer
is not, and after giving effect to the transactions contemplated hereby will
not be, an “investment company” as such term is defined in the Investment
Company Act of 1940, as amended.

(vi)                              On
the Trade Date (A) the assets of Issuer at their fair valuation exceed the
liabilities of Issuer, including contingent liabilities, (B) the capital of
Issuer is adequate to conduct the business of Issuer and (C) Issuer has the
ability to pay its debts and obligations as such debts mature and does not
intend to, or does not believe that it will, incur debt beyond its ability to
pay as such debts mature.

(vii)                           Issuer
shall not take any action to decrease the number of Available Shares below the
Capped Number (each as defined below).

(viii)                        The
representations and warranties of Issuer set forth in Section 3 of the
Agreement and Section 3 of the Underwriting Agreement dated the Trade Date
between Issuer and UBS Securities LLC are true and correct and are hereby
deemed to be repeated to Dealer as if set forth herein.

(ix)                                Issuer
understands no obligations of Dealer to it hereunder will be entitled to the
benefit of deposit insurance and that such obligations will not be guaranteed
by any affiliate of Dealer or any governmental agency.

(b)                                 Each of Buyer and
Issuer agrees and represents that it is an “eligible contract participant” as
defined in Section 1a(12) of the U.S. Commodity Exchange Act, as amended.

(c)                                  Each of Dealer and
Issuer acknowledges that the offer and sale of the Transaction to it is
intended to be exempt from registration under the Securities Act by virtue of
Section 4(2) thereof.  Accordingly,
Dealer represents and warrants to Issuer that (i) it has the financial ability
to bear the economic risk of its investment in the Transaction and is able to
bear a total loss of its investment and its investments in and liabilities in
respect of the Transaction, which it understands are not readily marketable,
are not disproportionate to its net worth, and it is able to bear any loss in
connection with the Transaction, including the loss of its entire investment in
the Transaction, (ii) it is an “accredited investor” as that term is defined in
Regulation D as promulgated under the

 

 8

Securities Act, (iii) it is entering into the Transaction for its own
account without a view to the distribution or resale thereof, (iv) the
assignment, transfer or other disposition of the Transaction has not been and
will not be registered under the Securities Act and is restricted under this
Confirmation, the Securities Act and state securities laws, (v) its financial
condition is such that it has no need for liquidity with respect to its
investment in the Transaction and no need to dispose of any portion thereof to
satisfy any existing or contemplated undertaking or indebtedness and is capable
of assessing the merits of and understanding (on its own behalf or through
independent professional advice), and understands and accepts, the terms,
conditions and risks of the Transaction.

(d)           Each of Dealer and Issuer agrees and acknowledges (A) that
this Confirmation is (i) a “securities contract,” as such term is defined in
Section 741(7) of Title 11 of the United States Code (the “Bankruptcy Code”), with respect to which
each payment and delivery hereunder is a “settlement payment,” as such term is
defined in Section 741(8) of the Bankruptcy Code, and (ii) a “swap agreement,”
as such term is defined in Section 101(53B) of the Bankruptcy Code, with
respect to which each payment and delivery hereunder is a “transfer,” as such
term is defined in Section 101(54) of the Bankruptcy Code, and (B) that Dealer
is entitled to the protections afforded by, among other sections, Section
362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code.

(e)           Issuer shall deliver to Dealer an opinion of counsel,
dated as of the Trade Date and reasonably acceptable to Dealer in form and
substance, with respect to the matters set forth in Section 3(a) of the
Agreement.

8.             Other Provisions:

(a)           Alternative
Calculations and Payment on Early Termination and on Certain Extraordinary
Events.  If, subject to
Section 8(k) below, Issuer shall owe Buyer any amount pursuant to Sections
12.2, 12.3, 12.6, 12.7 or 12.9 of the Equity Definitions (except in the event
of a Tender Offer or a Merger Event, in each case, in which the consideration
or proceeds to be paid to holders of Shares consists solely of cash) or
pursuant to Section 6(d)(ii) of the Agreement (except in the event of an Event
of Default in which Issuer is the Defaulting Party or a Termination Event in
which Issuer is the Affected Party, that resulted from an event or events
within Issuer’s control) (a “Payment
Obligation”), Issuer shall have the right, in its sole discretion,
to satisfy any such Payment Obligation by the Share Termination Alternative (as
defined below) by giving irrevocable telephonic notice to Buyer, confirmed in
writing within one Scheduled Trading Day, between the hours of 9:00 A.M. and
4:00 P.M. New York City time on the Merger Date, Tender Offer Date,
Announcement Date or Early Termination Date, as applicable (“Notice of Share Termination”).  Upon such Notice of Share Termination, the
following provisions shall apply on the Scheduled Trading Day immediately
following the Merger Date, the Tender Offer Date, Announcement Date or Early
Termination Date, as applicable:

	
  Share Termination Alternative:

  	
  Applicable and means that Issuer shall deliver to
  Dealer the Share Termination Delivery Property on the date on which the
  Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of
  the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable
  (the “Share Termination Payment Date”), in
  satisfaction of the Payment Obligation.

  
	
   

  	
   

  
	
  Share Termination Delivery Property:

  	
  A number of Share Termination Delivery Units, as
  calculated by the Calculation Agent, equal to the Payment Obligation divided
  by the Share Termination Unit Price. The Calculation Agent shall adjust the
  Share Termination Delivery Property by replacing any fractional portion of a
  security therein with an amount of cash equal to the value of such fractional
  security based on the values used to calculate the Share Termination Unit
  Price.

  
	
   

  	
   

  
	
  Share Termination Unit Price:

  	
  The value of property contained in one Share Termination Delivery
  Unit on the date such Share Termination Delivery Units are to be delivered as
  Share Termination Delivery Property, as determined by the Calculation Agent
  in its discretion by commercially reasonable means and notified by the
  Calculation Agent to Issuer at the time of notification of the Payment
  Obligation.

  

 9
 

 

 

	
  Share Termination Delivery Unit:

  	
  In the case of a Termination Event, Event of Default
  or Delisting, one Share or, in the case of an Insolvency, Nationalization,
  Merger Event or Tender Offer, a Share or a unit consisting of the number or
  amount of each type of property received by a holder of one Share (without
  consideration of any requirement to pay cash or other consideration in lieu
  of fractional amounts of any securities) in such Insolvency, Nationalization,
  Merger Event or Tender Offer. If such Insolvency, Nationalization, Merger
  Event or Tender Offer involves a choice of consideration to be received by
  holders, such holder shall be deemed to have elected to receive the maximum
  possible amount of cash.

  
	
   

  	
   

  
	
  Failure to Deliver:

  	
  Applicable

  
	
   

  	
   

  
	
  Other applicable provisions:

  	
  If Share Termination Alternative is applicable, the
  provisions of Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation
  and Agreement contained in Section 9.11 of the Equity Definitions shall be
  modified by excluding any representations therein relating to restrictions,
  obligations, limitations or requirements under applicable securities laws as
  a result of the fact that Seller is the issuer of the Shares) and 9.12 of the
  Equity Definitions will be applicable, except that all references in such
  provisions to “Physical Settlement” shall be read as references to “Share
  Termination Alternative” and all references to “Shares” shall be read as
  references to “Share Termination Delivery Units”. If, in the reasonable
  opinion of counsel to Issuer or Dealer, for any reason, any securities
  comprising the Share Termination Delivery Units deliverable pursuant to this
  Section 8(a) would not be immediately freely transferable by Dealer under
  Rule 144(k) under the Securities Act, then Dealer may elect to either (x)
  accept delivery of such securities notwithstanding any restriction on transfer
  or (y) have the provisions set forth in Section 8(b) below apply.

  

 

(b)           Registration/Private
Placement Procedures. 
(i)  With respect to the
Transaction, the following provisions shall apply to the extent provided for
above opposite the caption “Net Share Settlement” in Section 2 above.  If so applicable, then, at the election of
Issuer by notice to Buyer within one Exchange Business Day after the relevant
delivery obligation arises,  but in any
event at least one Exchange Business Day prior to the date on which such
delivery obligation is due, either (A) all Shares or Share Termination Delivery
Units, as the case may be, delivered by Issuer to Buyer shall be, at the time
of such delivery, covered by an effective registration statement of Issuer for
immediate resale by Buyer (such registration statement and the corresponding
prospectus (the “Prospectus”)
(including, without limitation, any sections describing the plan of
distribution) in form and content commercially reasonably satisfactory to
Buyer) or (B) Issuer shall deliver additional Shares or Share Termination
Delivery Units, as the case may be, so that the value of such Shares or Share
Termination Delivery Units, as determined by the Calculation Agent to reflect
an appropriate liquidity discount, equals the value of the number of Shares or
Share Termination Delivery Units that would otherwise be deliverable if such
Shares or Share Termination Delivery Units were freely tradeable (without
prospectus delivery) upon receipt by Buyer (such value, the “Freely Tradeable Value”); provided
that Issuer may not make the election described in this clause (B) if, on the
date of its election, it has taken, or caused to be taken, any action that
would make unavailable either the exemption pursuant to Section 4(2) of the
Securities Act for the sale by Issuer to Dealer (or any affiliate designated by
Dealer) of the Shares or the exemption pursuant to Section 4(1) or Section 4(3)
of the Securities Act for resales of the Shares by Dealer (or any such
affiliate of Dealer).  For the avoidance
of doubt, as used in this paragraph (b) only, the term “Issuer” shall mean the
issuer of the relevant securities, as the context shall require.

(ii)           If Issuer makes the election described in clause (b)(i)(A)
above:

(A)          Buyer
(or an Affiliate of Buyer designated by Buyer) shall be afforded a reasonable
opportunity to conduct a due diligence investigation with respect to Issuer
that is customary in scope for underwritten offerings of equity securities and
that yields results that are commercially reasonably satisfactory to Buyer or
such Affiliate, as the case may be, in its discretion; and

 10
 

(B)           Buyer
(or an Affiliate of Buyer designated by Buyer) and Issuer shall enter into an
agreement (a “Registration Agreement”)
on commercially reasonable terms in connection with the public resale of such
Shares or Share Termination Delivery Units, as the case may be, by Buyer or
such Affiliate substantially similar to underwriting agreements customary for
underwritten offerings of equity securities, in form and substance commercially
reasonably satisfactory to Buyer or such Affiliate and Issuer, which
Registration Agreement shall include, without limitation, provisions
substantially similar to those contained in such underwriting agreements
relating to the indemnification of, and contribution in connection with the
liability of, Buyer and its Affiliates and Issuer, shall provide for the
payment by Issuer of all expenses in connection with such resale, including all
registration costs and all fees and expenses of counsel for Buyer, and shall
provide for the delivery of accountants’ “comfort letters” to Buyer or such
Affiliate with respect to the financial statements and certain financial
information contained in or incorporated by reference into the Prospectus.

(iii)          If Issuer makes the election described in clause (a)(i)(B)
above:

(A)          Buyer
(or an Affiliate of Buyer designated by Buyer) and any potential institutional
purchaser of any such Shares or Share Termination Delivery Units, as the case
may be, from Buyer or such Affiliate identified by Buyer shall be afforded a
commercially reasonable opportunity to conduct a due diligence investigation in
compliance with applicable law with respect to Issuer customary in scope for
private placements of equity securities (including, without limitation, the
right to have made available to them for inspection all financial and other
records, pertinent corporate documents and other information reasonably
requested by them), subject to execution by such recipients of customary
confidentiality agreements reasonably acceptable to Issuer;

(B)           Buyer
(or an Affiliate of Buyer designated by Buyer) and Issuer shall enter into an
agreement (a “Private Placement Agreement”)
on commercially reasonable terms in connection with the private placement of
such Shares or Share Termination Delivery Units, as the case may be, by Issuer
to Buyer or such Affiliate and the private resale of such shares by Buyer or
such Affiliate, substantially similar to private placement purchase agreements
customary for private placements of equity securities, in form and substance
commercially reasonably satisfactory to Buyer and Issuer, which Private
Placement Agreement shall include, without limitation, provisions substantially
similar to those contained in such private placement purchase agreements
relating to the indemnification of, and contribution in connection with the
liability of, Buyer and its Affiliates and Issuer, shall provide for the
payment by Issuer of all expenses in connection with such resale, including all
fees and expenses of counsel for Buyer, shall contain representations,
warranties and agreements of Issuer reasonably necessary or advisable to
establish and maintain the availability of an exemption from the registration
requirements of the Securities Act for such resales, and shall use best efforts
to provide for the delivery of accountants’ “comfort letters” to Buyer or such
Affiliate with respect to the financial statements and certain financial
information contained in or incorporated by reference into the offering
memorandum prepared for the resale of such Shares; and

(C)           Issuer
agrees that any Shares or Share Termination Delivery Units so delivered to
Dealer, (i) may be transferred by and among Dealer and its affiliates, and
Issuer shall effect such transfer without any further action by Dealer and (ii)
after the minimum “holding period” within the meaning of Rule 144(d) under the
Securities Act has elapsed with respect to such Shares or any securities issued
by Issuer comprising such Share Termination Delivery Units, Issuer shall
promptly remove, or cause the transfer agent for such Shares or securities to
remove, any legends referring to any such restrictions or requirements from
such Shares or securities upon delivery by Dealer (or such affiliate of Dealer)
to Issuer or such transfer agent of seller’s and broker’s representation
letters customarily delivered by Dealer in connection with resales of
restricted securities pursuant to Rule 144 under the Securities Act, without
any further requirement for the delivery of any certificate, consent,
agreement, opinion of counsel, notice or any other

 11
 

document, any transfer tax stamps or payment of any other amount or any
other action by Dealer (or such affiliate of Dealer).

(c)           Make-whole Shares.  If Issuer makes the election described in
clause (b)(i)(B) of this Section 8, then Dealer or its affiliate may sell
(which sale shall be made in a commercially reasonable manner) such Shares or
Share Termination Delivery Units, as the case may be, during a period (the “Resale Period”) commencing on the Exchange
Business Day following delivery of such Shares or Share Termination Delivery
Units, as the case may be, and ending on the Exchange Business Day on which
Dealer completes the sale of all such Shares or Share Termination Delivery
Units, as the case may be, or a sufficient number of Shares or Share
Termination Delivery Units, as the case may be, so that the realized net
proceeds of such sales exceed the amount of the Payment Obligation or the
Freely Tradeable Value (such amount of the Payment Obligation or Freely
Tradeable Value, as the case may be, the “Required Proceeds”).  If any of such delivered Shares or Share
Termination Delivery Units remain after such realized net proceeds exceed the
Required Proceeds, Dealer shall return such remaining Shares or Share
Termination Delivery Units to Issuer.  If
the Required Proceeds exceed the realized net proceeds from such resale, Issuer
shall transfer to Dealer by the open of the regular trading session on the
Exchange on the Exchange Trading Day immediately following the last day of the
Resale Period the amount of such excess (the “Additional
Amount”) in cash or in a number of additional Shares (“Make-whole Shares”), at the Issuer’s
option, in an amount that, based on the Relevant Price on the last day of the
Resale Period (as if such day was the “Valuation Date” for purposes of
computing such Relevant Price), has a dollar value equal to the Additional
Amount.  The Resale Period shall continue
to enable the sale of the Make-whole Shares in the manner contemplated by this
Section 8(c).  This provision shall be
applied successively until the Additional Amount is equal to zero, subject to
Section 8(e).  Without limiting any of
the obligations of the Issuer under this Section 8(c), the Buyer may from time
to time demand that the Issuer use its reasonable best efforts to cause a
registration statement covering all Shares or Share Termination Delivery Units
to have become effective, whether such Shares or Share Termination Delivery
Units have been or are yet to be delivered to the Buyer.

(d)           Beneficial Ownership.  Notwithstanding anything to the contrary in
the Agreement or this Confirmation, in no event shall Buyer be entitled to
receive, or shall be deemed to receive, any Shares if, upon such receipt of
such Shares, the “beneficial ownership” (within the meaning of Section 13 of
the Exchange Act and the rules promulgated thereunder) of Shares by Buyer or
any entity that directly or indirectly controls Buyer (collectively, “Buyer Group”) would be equal to or greater
than 7.5% or more of the outstanding Shares. 
If any delivery owed to Buyer hereunder is not made, in whole or in
part, as a result of this provision, Issuer’s obligation to make such delivery
shall not be extinguished and Issuer shall make such delivery as promptly as
practicable after, but in no event later than one Exchange Business Day after,
Buyer gives notice to Issuer that such delivery would not result in Buyer Group
directly or indirectly so beneficially owning in excess of 7.5% of the
outstanding Shares.

(e)           Limitations on
Settlement by Issuer. 
Notwithstanding anything herein or in the Agreement to the contrary, in
no event shall Issuer be required to deliver a number of Shares in connection
with the Transaction in excess of twice the aggregate Number of Warrants
hereunder (the “Capped Number”).  Issuer represents and warrants (which shall
be deemed to be repeated on each day that the Transaction is outstanding) that
the Capped Number is equal to or less than the number of authorized but
unissued Shares of the Issuer that are not reserved for future issuance in
connection with transactions in the Shares (other than the Transaction) on the
date of the determination of the Capped Number (such Shares, the “Available Shares”).  In the event Issuer shall not have delivered
the full number of Shares otherwise deliverable as a result of this Section
8(e) (the resulting deficit, the “Deficit
Shares”), Issuer shall be continually obligated to deliver, from
time to time until the full number of Deficit Shares have been delivered
pursuant to this paragraph, Shares when, and to the extent, that (i) Shares are
repurchased, acquired or otherwise received by Issuer or any of its
subsidiaries after the Trade Date (whether or not in exchange for cash, fair
value or any other consideration), (ii) authorized and unissued Shares reserved
for issuance in respect of other transactions prior to such date which prior to
the relevant date become no longer so reserved and (iii) Issuer additionally
authorizes and unissued Shares that are not reserved for other
transactions.  Issuer shall immediately
notify Dealer of the occurrence of any of the foregoing events (including the
number of Shares subject to clause (i), (ii) or (iii) and the corresponding
number of Shares to be delivered) and promptly deliver such Shares thereafter.

(f)            Equity Rights.  Buyer acknowledges and agrees that this
Confirmation is not intended to convey to it rights with respect to the
Transaction that are senior to the claims of common stockholders in the event

 12
 

of Issuer’s bankruptcy.  For the avoidance of doubt, the parties agree
that the preceding sentence shall not apply at any time other than during
Issuer’s bankruptcy to any claim arising as a result of a breach by Issuer of
any of its obligations under this Confirmation or the Agreement.  For the avoidance of doubt, the parties
acknowledge that this Confirmation is not secured by any collateral that would
otherwise secure the obligations of Issuer herein under or pursuant to any
other agreement.

(g)           Amendments to Equity Definitions and the Agreement.  The following amendments shall be made to the
Equity Definitions and to the Agreement:

(i)            The first sentence
of Section 11.2(c) of the Equity Definitions, prior to clause (A) thereof, is
hereby amended to read as follows:  ‘(c)
If “Calculation Agent Adjustment” is specified as the Method of Adjustment in
the related Confirmation of a Share Option Transaction, then following the
announcement or occurrence of any Potential Adjustment Event, the Calculation
Agent will determine whether such Potential Adjustment Event has a material
effect on the theoretical value of the relevant Shares or options on the Shares
and, if so, will (i) make appropriate 
adjustment(s), if any, to any one or more of:’ and, the portion of such
sentence immediately preceding clause (ii) thereof is hereby amended by
deleting the words “diluting or concentrative” and the words “(provided that no adjustments will be made
to account solely for changes in volatility, expected dividends, stock loan
rate or liquidity relative to the relevant Shares)” and replacing such latter
phrase with the words “(and, for the avoidance of doubt, adjustments may be
made to account solely for changes in volatility, expected dividends, stock
loan rate or liquidity relative to the relevant Shares)”;

(ii)           Section
11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words “diluting
or concentrative” and replacing them with “material”; and

(iii)          Section 12.6(a)(ii)
of the Equity Definitions is hereby amended by (1) deleting from the fourth
line thereof the word “or” after the word “official” and inserting a comma
therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof
and inserting the following words therefor “or (C) at Buyer’s option, the
occurrence of any of the events specified in Section 5(a)(vii) (1) through (9)
of  the ISDA Master Agreement with
respect to that Issuer.”.

(h)           Transfer and Assignment.  Subject to compliance with applicable law,
Buyer may transfer or assign its rights and obligations hereunder and under the
Agreement, in whole or in part, at any time to any financial institution
without the consent of Issuer.  In connection with any transfer or assignment by Buyer
of its rights and obligations hereunder and under the Agreement, Buyer
shall promptly provide written notice to Issuer of such transfer or assignment,
as the case may be, and the identity of the relevant transferee or assignee.

(i)            Disclosure.  Effective from the date of commencement of
discussions concerning the Transaction, Issuer and each of its employees,
representatives, or other agents
may disclose to any and all persons, without limitation of any kind, the tax
treatment and tax structure of the Transaction and all materials of any kind
(including opinions or other tax analyses) that are provided to Issuer relating
to such tax treatment and tax structure.

(j)            Designation by Dealer.  Notwithstanding any other provision in this
Confirmation to the contrary requiring or allowing Dealer to purchase, sell,
receive or deliver any Shares or other securities to or from Issuer, Dealer may
designate any of its affiliates to purchase, sell, receive or deliver such
shares or other securities and otherwise to perform Dealer obligations in
respect of the Transaction and any such designee may assume such
obligations.  Dealer shall be discharged
of its obligations to Issuer to the extent of any such performance.

(k)           Netting and Set-off.  Each party waives
any and all rights it may have to set off, whether arising under any agreement,
applicable law or otherwise.  The
provisions of Section 2(c) of the Agreement shall not be applicable to the
Transaction.

(l)            Additional Termination
Event.  If within the period
commencing on the Trade Date and ending on the second anniversary of the
Premium Payment Date, Buyer reasonably determines that it is advisable to
terminate a portion of the Transaction so that Buyer’s related hedging
activities will comply with applicable

 13
 

securities laws, rules or regulations, an
Additional Termination Event shall occur in respect of which (1) Issuer shall
be the sole Affected Party and (2) the Transaction shall be the sole Affected
Transaction.

(m)          Effectiveness.  If, prior to the Effective Date, Buyer
reasonably determines that it is advisable to cancel the Transaction because of
concerns that Buyer’s related hedging activities could be viewed as not
complying with applicable securities laws, rules or regulations, the Transaction shall be cancelled and shall
not become effective, and neither party shall have any obligation to the other
party in respect of the Transaction.

(n)           Waiver of Trial by Jury.  EACH OF
ISSUER AND BUYER HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND, TO THE
EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER
BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE
TRANSACTION OR THE ACTIONS OF BUYER OR ITS AFFILIATES IN THE NEGOTIATION,
PERFORMANCE OR ENFORCEMENT HEREOF.

(o)           Governing Law.  THIS
CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED
STATES COURT FOR THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL
MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND
ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS.

(p)           Role of Agent.  Each party agrees and acknowledges that Agent
is acting as agent for both parties but does not guarantee the performance of
either party and neither Dealer nor Issuer shall contact the other with respect
to any matter relating to the Transaction without the direct involvement of
Agent; (ii) Agent is not a member of the Securities Investor Protection
Corporation; (iii) Agent, Dealer
and Issuer each hereby acknowledges that any transactions by Dealer or Agent in
the Shares will be undertaken by Dealer or Agent, as the case may, as principal
for its own account; (iv) all of the actions to be taken by Dealer and Agent in
connection with the Transaction, including, but not limited to, any exercise of
any rights with respect to the Warrants, shall be taken by Dealer or Agent
independently and without any advance or subsequent consultation with Issuer;
and (v) Agent is hereby authorized to act as agent for Issuer only to the
extent required to satisfy the requirements of Rule 15a-6 under the Exchange
Act in respect of the Warrants described hereunder.

 14
 

Issuer hereby agrees
(a) to check this Confirmation carefully and immediately upon receipt so
that errors or discrepancies can be promptly identified and rectified and
(b) to confirm that the foregoing (in the exact form provided by Dealer)
correctly sets forth the terms of the agreement between Dealer and Issuer with
respect to the Transaction, by manually signing this Confirmation or this page
hereof as evidence of agreement to such terms and providing the other information
requested herein and immediately returning an executed copy to Equity Risk
Management (Corporates), Facsimile No. (212) 821-4610.

Yours faithfully,

	
  

  	
  UBS AG, LONDON BRANCH

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dmitriy Mandel

  
	
   

  	
   

  	
  Name: Dmitriy
  Mandel

  
	
   

  	
   

  	
  Title: Executive
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Stowell

  
	
   

  	
   

  	
  Name: Paul
  Stowell

  
	
   

  	
   

  	
  Title: Associate
  Director Equity Risk Management

  
	
   

  	
   

  	
  UBS SECURITIES
  LLC, as agent

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dmitriy Mandel

  
	
   

  	
   

  	
  Name: Dmitriy
  Mandel

  
	
   

  	
   

  	
  Title: Executive
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Stowell

  
	
   

  	
   

  	
  Name: Paul
  Stowell

  
	
   

  	
   

  	
  Title: Associate
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   Agreed and Accepted By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CONCEPTUS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Gregory E.
  Lichtwardt

  	
   

  	
   

  
	
   

  	
  Name: Gregory E.
  Lichtwardt

  	
   

  	
   

  
	
   

  	
  Title: Executive
  Vice President, CFO

  	
   

  	
   

  

 

 

 15

Annex A

For each Component of the
Transaction, the Number of Warrants and Expiration Date is set forth below.

	
  Component Number

  	
   

  	
  Number of Warrants

  	
   

  	
  Expiration Date

  
	
  1

  	
   

  	
  25,900

  	
   

  	
  July 2, 2012

  
	
  2

  	
   

  	
  25,900

  	
   

  	
  July 3, 2012

  
	
  3

  	
   

  	
  25,900

  	
   

  	
  July 5, 2012

  
	
  4

  	
   

  	
  25,900

  	
   

  	
  July 6, 2012

  
	
  5

  	
   

  	
  25,900

  	
   

  	
  July 9, 2012

  
	
  6

  	
   

  	
  25,900

  	
   

  	
  July 10, 2012

  
	
  7

  	
   

  	
  25,900

  	
   

  	
  July 11, 2012

  
	
  8

  	
   

  	
  25,900

  	
   

  	
  July 12, 2012

  
	
  9

  	
   

  	
  25,900

  	
   

  	
  July 13, 2012

  
	
  10

  	
   

  	
  25,900

  	
   

  	
  July 16, 2012

  
	
  11

  	
   

  	
  25,900

  	
   

  	
  July 17, 2012

  
	
  12

  	
   

  	
  25,900

  	
   

  	
  July 18, 2012

  
	
  13

  	
   

  	
  25,900

  	
   

  	
  July 19, 2012

  
	
  14

  	
   

  	
  25,900

  	
   

  	
  July 20, 2012

  
	
  15

  	
   

  	
  25,900

  	
   

  	
  July 23, 2012

  
	
  16

  	
   

  	
  25,900

  	
   

  	
  July 24, 2012

  
	
  17

  	
   

  	
  25,900

  	
   

  	
  July 25, 2012

  
	
  18

  	
   

  	
  25,900

  	
   

  	
  July 26, 2012

  
	
  19

  	
   

  	
  25,900

  	
   

  	
  July 27, 2012

  
	
  20

  	
   

  	
  25,900

  	
   

  	
  July 30, 2012

  
	
  21

  	
   

  	
  25,900

  	
   

  	
  July 31, 2012

  
	
  22

  	
   

  	
  25,900

  	
   

  	
  August 1, 2012

  
	
  23

  	
   

  	
  25,900

  	
   

  	
  August 2, 2012

  
	
  24

  	
   

  	
  25,900

  	
   

  	
  August 3, 2012

  
	
  25

  	
   

  	
  25,900

  	
   

  	
  August 6, 2012

  
	
  26

  	
   

  	
  25,900

  	
   

  	
  August 7, 2012

  
	
  27

  	
   

  	
  25,900

  	
   

  	
  August 8, 2012

  
	
  28

  	
   

  	
  25,900

  	
   

  	
  August 9, 2012

  
	
  29

  	
   

  	
  25,900

  	
   

  	
  August 10, 2012

  
	
  30

  	
   

  	
  25,900

  	
   

  	
  August 13, 2012

  
	
  31

  	
   

  	
  25,900

  	
   

  	
  August 14, 2012

  
	
  32

  	
   

  	
  25,900

  	
   

  	
  August 15, 2012

  
	
  33

  	
   

  	
  25,900

  	
   

  	
  August 16, 2012

  
	
  34

  	
   

  	
  25,900

  	
   

  	
  August 17, 2012

  
	
  35

  	
   

  	
  25,900

  	
   

  	
  August 20, 2012

  
	
  36

  	
   

  	
  25,900

  	
   

  	
  August 21, 2012

  
	
  37

  	
   

  	
  25,900

  	
   

  	
  August 22, 2012

  
	
  38

  	
   

  	
  25,900

  	
   

  	
  August 23, 2012

  
	
  39

  	
   

  	
  25,900

  	
   

  	
  August 24, 2012

  
	
  40

  	
   

  	
  25,900

  	
   

  	
  August 27, 2012

  
	
  41

  	
   

  	
  25,900

  	
   

  	
  August 28, 2012

  
	
  42

  	
   

  	
  25,900

  	
   

  	
  August 29, 2012

  
	
  43

  	
   

  	
  25,900

  	
   

  	
  August 30, 2012

  
	
  44

  	
   

  	
  25,900

  	
   

  	
  August 31, 2012

  
	
  45

  	
   

  	
  25,900

  	
   

  	
  September 4,
  2012

  
	
  46

  	
   

  	
  25,900

  	
   

  	
  September 5,
  2012

  
	
  47

  	
   

  	
  25,900

  	
   

  	
  September 6,
  2012

  

 

 A-1
 

 

	
  Component Number

  	
   

  	
  Number of Warrants

  	
   

  	
  Expiration Date

  
	
  48

  	
   

  	
  25,900

  	
   

  	
  September 7,
  2012

  
	
  49

  	
   

  	
  25,900

  	
   

  	
  September 10,
  2012

  
	
  50

  	
   

  	
  25,900

  	
   

  	
  September 11,
  2012

  
	
  51

  	
   

  	
  25,900

  	
   

  	
  September 12,
  2012

  
	
  52

  	
   

  	
  25,900

  	
   

  	
  September 13,
  2012

  
	
  53

  	
   

  	
  25,900

  	
   

  	
  September 14,
  2012

  
	
  54

  	
   

  	
  25,900

  	
   

  	
  September 17,
  2012

  
	
  55

  	
   

  	
  25,900

  	
   

  	
  September 18,
  2012

  
	
  56

  	
   

  	
  25,900

  	
   

  	
  September 19,
  2012

  
	
  57

  	
   

  	
  25,900

  	
   

  	
  September 20,
  2012

  
	
  58

  	
   

  	
  25,900

  	
   

  	
  September 21,
  2012

  
	
  59

  	
   

  	
  25,900

  	
   

  	
  September 24,
  2012

  
	
  60

  	
   

  	
  25,900

  	
   

  	
  September 25,
  2012

  
	
  61

  	
   

  	
  25,900

  	
   

  	
  September 26,
  2012

  
	
  62

  	
   

  	
  25,900

  	
   

  	
  September 27,
  2012

  
	
  63

  	
   

  	
  25,900

  	
   

  	
  September 28,
  2012

  
	
  64

  	
   

  	
  25,900

  	
   

  	
  October 1, 2012

  
	
  65

  	
   

  	
  25,900

  	
   

  	
  October 2, 2012

  
	
  66

  	
   

  	
  25,900

  	
   

  	
  October 3, 2012

  
	
  67

  	
   

  	
  25,900

  	
   

  	
  October 4, 2012

  
	
  68

  	
   

  	
  25,900

  	
   

  	
  October 5, 2012

  
	
  69

  	
   

  	
  25,900

  	
   

  	
  October 9, 2012

  
	
  70

  	
   

  	
  25,900

  	
   

  	
  October 10, 2012

  
	
  71

  	
   

  	
  25,900

  	
   

  	
  October 11, 2012

  
	
  72

  	
   

  	
  25,900

  	
   

  	
  October 12, 2012

  
	
  73

  	
   

  	
  25,900

  	
   

  	
  October 15, 2012

  
	
  74

  	
   

  	
  25,900

  	
   

  	
  October 16, 2012

  
	
  75

  	
   

  	
  25,900

  	
   

  	
  October 17, 2012

  
	
  76

  	
   

  	
  25,900

  	
   

  	
  October 18, 2012

  
	
  77

  	
   

  	
  25,900

  	
   

  	
  October 19, 2012

  
	
  78

  	
   

  	
  25,900

  	
   

  	
  October 22, 2012

  
	
  79

  	
   

  	
  25,900

  	
   

  	
  October 23, 2012

  
	
  80

  	
   

  	
  25,900

  	
   

  	
  October 24, 2012

  
	
  81

  	
   

  	
  25,900

  	
   

  	
  October 25, 2012

  
	
  82

  	
   

  	
  25,900

  	
   

  	
  October 26, 2012

  
	
  83

  	
   

  	
  25,900

  	
   

  	
  October 29, 2012

  
	
  84

  	
   

  	
  25,900

  	
   

  	
  October 30, 2012

  
	
  85

  	
   

  	
  25,900

  	
   

  	
  October 31, 2012

  
	
  86

  	
   

  	
  25,900

  	
   

  	
  November 1, 2012

  
	
  87

  	
   

  	
  25,900

  	
   

  	
  November 2, 2012

  
	
  88

  	
   

  	
  25,900

  	
   

  	
  November 5, 2012

  
	
  89

  	
   

  	
  25,900

  	
   

  	
  November 6, 2012

  
	
  90

  	
   

  	
  25,902

  	
   

  	
  November 7, 2012

  

 

 A-2Exhibit 10.4

February 6, 2007

To:                                                                              Conceptus,
Inc.

331 East Evelyn Avenue

Mountain View, California  94041

Attn:  Chief Financial Officer

Telephone:  (650) 962-4000

Facsimile:  (650) 962-5200

From:                                                                  Societe
Generale

Tour Societe Generale

17 Cours Valmy

92987 Paris La-Defense cedex

France

Attn: Candice Berguin
          Documentation Department

Telephone:  + 33 1 58 98 05 16

Facsimile:   +33 1 46 92 46 70

 

Re:                                                                             Issuer
Warrant Transaction

(Societe Generale Reference Number: 186829484)

Ladies and Gentlemen:

The purpose of
this communication (this “Confirmation”)
is to set forth the terms and conditions of the above-referenced transaction
entered into on the Trade Date specified below (the “Transaction”)
between Societe General (“Dealer”)
represented by SG Americas Securities, LLC (“Agent”)
as its agent, and Conceptus, Inc. (“Issuer”).  This communication constitutes a “Confirmation”
as referred to in the ISDA Master Agreement specified below.

1.             This Confirmation
is subject to, and incorporates, the definitions and provisions of the 2000
ISDA Definitions (including the Annex thereto) (the “2000
Definitions”) and the definitions and provisions of the 2002 ISDA
Equity Derivatives Definitions (the “Equity Definitions”,
and together with the 2000 Definitions, the “Definitions”),
in each case as published by the International Swaps and Derivatives
Association, Inc. (“ISDA”).  In the event of any inconsistency between the
2000 Definitions and the Equity Definitions, the Equity Definitions will
govern.  For purposes of the Equity
Definitions, each reference herein to a Warrant shall be deemed to be a
reference to a Call Option or an Option, as context requires.

Each party is
hereby advised, and each such party acknowledges, that the other party has
engaged in, or refrained from engaging in, substantial financial transactions
and has taken other material actions in reliance upon the parties’ entry into
the Transaction to which this Confirmation relates on the terms and conditions
set forth below.

This Confirmation
evidences a complete and binding agreement between Dealer and Issuer as to the
terms of the Transaction to which this Confirmation relates.  This Confirmation shall be subject to an
agreement (the “Agreement”) in the
form of the 2002 ISDA Master Agreement (the “ISDA Form”)
as if Dealer and Issuer had executed an agreement in such form (without any
Schedule but with the elections set forth in this Confirmation).  For the avoidance of doubt, the Transaction
shall be the only transaction under the Agreement.

All provisions
contained in, or incorporated by reference to, the Agreement will govern this
Confirmation except as expressly modified herein.  In the event of any inconsistency between
this Confirmation and either the Definitions or the Agreement, this
Confirmation shall govern.

2.             The Transaction is
a Warrant Transaction, which shall be considered a Share Option Transaction for
purposes of the Equity Definitions.  The
terms of the particular Transaction to which this Confirmation relates are as
follows:

 1
 

 

	
  General
  Terms:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Trade Date:

  	
   

  	
  February 6, 2007

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  February 12, 2007, subject to Section 8(m) below

  
	
   

  	
   

  	
   

  
	
  Components:

  	
   

  	
  The Transaction will be divided into individual
  Components as set forth in Annex A (which shall be increased proportionately
  if the Number of Warrants is increased), each with the terms set forth in
  this Confirmation, and, in particular, with the Number of Warrants and
  Expiration Date set forth in this Confirmation. The payments and deliveries
  to be made upon settlement of the Transaction will be determined separately
  for each Component as if each Component were a separate Transaction under the
  Agreement.

  
	
   

  	
   

  	
   

  
	
  Warrant Style:

  	
   

  	
  European

  
	
   

  	
   

  	
   

  
	
  Warrant Type:

  	
   

  	
  Call

  
	
   

  	
   

  	
   

  
	
  Seller:

  	
   

  	
  Issuer

  
	
   

  	
   

  	
   

  
	
  Buyer:

  	
   

  	
  Dealer

  
	
   

  	
   

  	
   

  
	
  Shares:

  	
   

  	
  The Common Stock of Issuer, par value USD 0.003 per
  share (Ticker Symbol: “CPTS”).

  
	
   

  	
   

  	
   

  
	
  Number of Warrants:

  	
   

  	
  For each Component, as provided in Annex A to this
  Confirmation.

  
	
   

  	
   

  	
   

  
	
  Warrant Entitlement:

  	
   

  	
  One Share per Warrant

  
	
   

  	
   

  	
   

  
	
  Strike Price:

  	
   

  	
  USD36.4650

  
	
   

  	
   

  	
   

  
	
  Premium:

  	
   

  	
  USD1,240,000 (Premium per Warrant approximately
  USD3.4577)

  
	
   

  	
   

  	
   

  
	
  Premium Payment Date:

  	
   

  	
  The Effective Date

  
	
   

  	
   

  	
   

  
	
  Exchange:

  	
   

  	
  NASDAQ Global Market

  
	
   

  	
   

  	
   

  
	
  Related Exchange:

  	
   

  	
  All Exchanges

  
	
   

  	
   

  	
   

  
	
  Procedures for Exercise:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  In respect of any Component:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Expiration Time:

  	
   

  	
  Valuation Time

  
	
   

  	
   

  	
   

  
	
  Expiration Date:

  	
   

  	
  As provided in Annex A to this Confirmation
  (or, if such date is not a Scheduled Trading Day, the next following
  Scheduled Trading Day that is not already an Expiration Date for another
  Component); provided that if that date is a
  Disrupted Day, the Expiration Date for such Component shall be the first
  succeeding Scheduled Trading Day that is not a Disrupted Day

  

 2
 

 

	
  

  	
   

  	
  and is not or is not deemed to be an Expiration Date
  in respect of any other Component of the Transaction hereunder; and provided, further, that if the Expiration Date has not
  occurred pursuant to the preceding proviso as of the Final Disruption Date,
  the Final Disruption Date shall be the Expiration Date (irrespective of
  whether such date is an Expiration Date in respect of any other Component for
  the Transaction). “Final Disruption Date”
  means November 20, 2012. Notwithstanding the foregoing and anything to the
  contrary in the Equity Definitions, if a Market Disruption Event occurs on
  any Expiration Date, the Calculation Agent may determine that such Expiration
  Date is a Disrupted Day only in part, in which case the Calculation Agent
  shall make adjustments to the number of Warrants for the relevant Component
  for which such day shall be the Expiration Date and shall designate the
  Scheduled Trading Day determined in the manner described in the immediately
  preceding sentence as the Expiration Date for the remaining Warrants for such
  Component. Section 6.6 of the Equity Definitions shall not apply to any
  Valuation Date occurring on an Expiration Date.

  
	
   

  	
   

  	
   

  
	
  Market
  Disruption Event:

  	
   

  	
  Section 6.3(a) of the 2002 Definitions is hereby
  amended by deleting the words “during the one hour period that ends at the relevant
  Valuation Time, Latest Exercise Time, Knock-in Valuation Time or Knock-out
  Valuation Time, as the case may be,” in clause (ii) thereof.

  
	
   

  	
   

  	
   

  
	
  Automatic
  Exercise:

  	
   

  	
  Applicable; and means that each Warrant not
  previously exercised under the Transaction will be deemed to be automatically
  exercised at the Expiration Time on the Expiration Date unless Buyer notifies
  Seller (by telephone or in writing) prior to the Expiration Time on the
  Expiration Date that it does not wish Automatic Exercise to occur, in which
  case Automatic Exercise will not apply.

  
	
   

  	
   

  	
   

  
	
  Issuer’s
  Telephone Number and Telex and/or Facsimile Number and Contact Details for
  purpose of Giving Notice:

  	
   

  	
  Attn: Chief Financial Officer 

  
	
   

  	
   

  	
  Telephone: (650)
  962-4000

  
	
   

  	
   

  	
  Facsimile: (650)
  962-5200

  
	
  Settlement
  Terms:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  In
  respect of any Component:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Settlement Currency:           USD

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Net Share
  Settlement:

  	
   

  	
  On each Settlement Date, Issuer shall deliver to
  Dealer a number of Shares equal to the Number of Shares to be Delivered for
  such Settlement Date to the account specified by Dealer and cash in lieu of
  any fractional shares valued at the Relevant Price on the Valuation Date
  corresponding to such Settlement Date. If, in the reasonable opinion of
  Issuer or Dealer based on advice of counsel, for any reason, the Shares
  deliverable upon Net Share Settlement would not be

  

 

 3
 

 

	
  

  	
   

  	
  immediately freely transferable by Dealer under Rule
  144(k) under the Securities Act of 1933, as amended (the “Securities Act”), then Dealer may elect to either (x)
  accept delivery of such Shares notwithstanding any restriction on transfer or
  (y) have the provisions set forth in Section 8(b) below apply.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Number of Shares to be Delivered shall be
  delivered by Issuer to Dealer no later than 12:00 noon (local time in New
  York City) on the relevant Settlement Date.

  
	
   

  	
   

  	
   

  
	
  Number of Shares
  to be Delivered:

  	
   

  	
  In respect of any Exercise Date, subject to the last
  sentence of Section 9.5 of the Equity Definitions, the product of (i) the
  number of Warrants exercised or deemed exercised on such Exercise Date, (ii)
  the Warrant Entitlement and (iii) (A) the excess of the VWAP Price on the
  Valuation Date occurring on such Exercise Date over the Strike Price divided by (B) such VWAP Price.

  
	
   

  	
   

  	
   

  
	
  VWAP Price:

  	
   

  	
  For any Valuation Date, the per Share
  volume-weighted average price as displayed under the heading “Bloomberg VWAP”
  on Bloomberg page CPTS <Equity> VAP (or any successor thereto) in
  respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such
  Valuation Date (or if such volume-weighted average price is unavailable, the
  market value of one Share on such Valuation Date, as determined by the
  Calculation Agent).  Notwithstanding
  anything to the contrary in the Equity Definitions, if there is a Market Disruption
  Event on any Valuation Date, then the Calculation Agent shall determine the
  VWAP Price for such Valuation Date on the basis of its good faith estimate,
  determined in a commercially reasonable manner, of the market value for the
  relevant Shares on such Valuation Date.

  
	
   

  	
   

  	
   

  
	
  Other Applicable
  Provisions:

  	
   

  	
  The provisions of Sections 9.1(c), 9.8, 9.9, 9.10,
  9.11 (except that the Representation and Agreement contained in Section 9.11
  of the Equity Definitions shall be modified by excluding any representations
  therein relating to restrictions, obligations, limitations or requirements
  under applicable securities laws as a result of the fact that Seller is the
  Issuer of the Shares) and 9.12 of the Equity Definitions will be applicable,
  except that all references in such provisions to “Physically-Settled” shall
  be read as references to “Net Share Settled”. “Net Share Settled” in relation
  to any Warrant means that Net Share Settlement is applicable to such Warrant.

  
	
   

  	
   

  	
   

  
	
  Adjustments:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  In
  respect of any Component:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Method of
  Adjustment:

  	
   

  	
  Calculation Agent Adjustment

  
	
   

  	
   

  	
   

  
	
  Extraordinary
  Dividend:

  	
   

  	
  Any cash dividend on the shares with an ex-dividend
  date occurring during the period from and including the Trade Date, to but
  excluding the last Expiration Date.

  

 

 4
 

 

	
  Extraordinary Events:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Consequences of
  Merger Events:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (a)   Share-for-Share:

  	
   

  	
  Modified Calculation Agent Adjustment

  
	
   

  	
   

  	
   

  
	
  (b)   Share-for-Other:

  	
   

  	
  Cancellation and Payment (Calculation Agent
  Determination) or Modified Calculation Agent Adjustment, at the election of
  Buyer, it being understood that Buyer shall have the option to elect for
  Cancellation and Payment (Calculation Agent Determination) to apply to a
  portion of the Transaction and for Modified Calculation Agent Adjustment to
  apply to a portion of the Transaction.

  
	
   

  	
   

  	
   

  
	
  (c)   Share-for-Combined:

  	
   

  	
  Component Adjustment (Calculation Agent
  Determination)

  
	
   

  	
   

  	
   

  
	
  Tender Offer:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Consequences of
  Tender Offers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (a)   Share-for-Share:

  	
   

  	
  Modified Calculation Agent Adjustment

  
	
   

  	
   

  	
   

  
	
  (b)   Share-for-Other:

  	
   

  	
  Cancellation and Payment (Calculation Agent
  Determination) or Modified Calculation Agent Adjustment, at the election of
  Buyer, it being understood that Buyer shall have the option to elect for
  Cancellation and Payment (Calculation Agent Determination) to apply to a
  portion of the Transaction and for Modified Calculation Agent Adjustment to
  apply to a portion of the Transaction.

  
	
   

  	
   

  	
   

  
	
  (c)   Share-for-Combined:

  	
   

  	
  Component Adjustment (Calculation Agent
  Determination)

  
	
   

  	
   

  	
   

  
	
  Nationalization,
  Insolvency

  	
   

  	
   

  
	
  or Delisting:

  	
   

  	
  Cancellation and Payment (Calculation Agent
  Determination); provided that
  in addition to the provisions of Section 12.6(a)(iii) of the Equity
  Definitions, it shall also constitute a Delisting if the Exchange is located
  in the United States and the Shares are not immediately re-listed, re-traded
  or re-quoted on any of the New York Stock Exchange, the American Stock
  Exchange or The NASDAQ Global Market (or their respective successors); if the
  Shares are immediately re-listed, re-traded or re-quoted on any such exchange
  or quotation system, such exchange or quotation system shall thereafter be
  deemed to be the Exchange; and provided, further,
  that the definition of “Delisting” in Section 12.6 (a)(iii) of the Equity
  Definitions shall be deemed to be amended by adding “, subject to no further
  conditions,” after the word “will.”

  
	
   

  	
   

  	
   

  
	
  Additional
  Disruption Events:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (a)   Change in Law:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (b)   Failure to Deliver:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (c)   Insolvency Filing:

  	
   

  	
  Applicable

  

 

 5
 

 

	
  (d)   Hedging Disruption:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (e)   Increased Cost of Hedging:

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
   

  
	
  (f)    Loss of Stock Borrow:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Maximum Stock Loan
  Rate:

  	
   

  	
  2.00%

  
	
   

  	
   

  	
   

  
	
  (g)   Increased Cost of Stock Borrow:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Initial Stock Loan
  Rate:

  	
   

  	
  0.25%

  
	
   

  	
   

  	
   

  
	
  Hedging Party:

  	
   

  	
  Buyer for all applicable Additional Disruption
  Events

  
	
   

  	
   

  	
   

  
	
  Determining Party:

  	
   

  	
  Buyer for all applicable Additional Disruption
  Events

  
	
   

  	
   

  	
   

  
	
  Non-Reliance:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Agreements and
  Acknowledgments Regarding Hedging Activities:

  	
   

  	
  Applicable 

  
	
   

  	
   

  	
   

  
	
  Additional
  Acknowledgments:

  	
   

  	
  Applicable

  

 

3.             Calculation
Agent:               Dealer

4.             Account Details:

Dealer Payment
Instructions:

Societe Generale, New York

SOGEUS33

CHIPS 022251

Favour:  SG,
Paris

SOGEFRPPHCM

A/C # 0018701

Issuer Payment
Instructions:                             To
be provided by Issuer.

5.             Offices:

The Office of
Dealer for the Transaction is:

Societe Generale

Tour Societe Generale

17 Cours Valmy

92987 Paris La -Defense cedex

France

Telephone:  +33
1 58 98 05 16

Facsimile:   +33 1 46 92 46 70

The Office of
Issuer for the Transaction is:  N/A

For the purpose of
Section 10(c) of the Agreement, neither party is a Multibranch Party.

 6
 

6.             Notices:  For purposes of this Confirmation:

(a)          Address
for notices or communications to Issuer:

	
  To:

  	
  Conceptus, Inc.

  
	
   

  	
  331 East Evelyn Avenue

  
	
   

  	
  Mountain View, California 94041

  
	
  Attn:

  	
  Chief Financial Officer

  
	
  Telephone:

  	
  (650) 962-4000

  
	
  Facsimile:

  	
  (650) 962-5200

  

 

(b)           Address for notices or communications to Dealer:

	
  To:

  	
  Societe Generale

  
	
   

  	
  Tour Societe
  Generale

  
	
   

  	
  17 Cours Valmy

  
	
   

  	
  92987 Paris
  La-Defense cedex

  
	
   

  	
  France

  
	
  Attn:

  	
  Candice Berguin

  
	
   

  	
  Documentation Department

  
	
  Telephone:

  	
  + 33 1 58 98 05 16

  
	
  Facsimile:

  	
  + 33 1 46 92 46 70

  

 

With a copy to:

	
  To:

  	
  SG Americas Securities, LLC

  
	
   

  	
  1221 Avenue of
  the Americas, 6th Floor

  
	
   

  	
  New York, NY
  10020

  
	
  Attn:

  	
  Mike Collins , Managing Director

  
	
  Telephone:

  	
  (212) 278-5105

  
	
  Facsimile:

  	
  (212) 278-5891

  
	
  e-mail:

  	
  mike.collins@sgcib.com

  

 

and:

	
  To:

  	
  Societe Generale

  
	
   

  	
  Corporate and
  Investment Banking

  
	
   

  	
  1221 Avenue of
  the Americas, 8th Floor

  
	
   

  	
  New York, NY
  10020

  
	
  Attn:

  	
  Victor Lee, Vice President and Counsel

  
	
  Telephone:

  	
  (212) 278-6207

  
	
  Facsimile:

  	
  (212) 278-5891

  
	
  e-mail:

  	
  victor.lee@sgcib.com

  

 

7.             Representations,
Warranties and Agreements:

(a)           In addition to the representations and warranties in the
Agreement and those contained elsewhere herein, Issuer represents and warrants
to and for the benefit of, and agrees with, Dealer as follows:

(i)            On
the Trade Date, (A) Issuer is not aware of any material nonpublic information
regarding Issuer or the Shares and (B) all reports and other documents filed by
Issuer with the Securities and Exchange Commission pursuant to the Securities
Act of 1933, as amended (the “Securities Act”),
and Exchange Act when considered as a whole (with the more recent such reports
and documents deemed to amend inconsistent statements contained in any earlier
such reports and documents), do not contain any untrue statement of a material
fact or any omission of a material fact required to be stated therein or

 7
 

                 necessary to make the statements therein, in
the light of the circumstances in which they were made, not misleading.

 

(ii)           Without
limiting the generality of Section 13.1 of the Equity Definitions, Issuer
acknowledges that Dealer is not making any representations or warranties with
respect to the treatment of the Transaction under FASB Statements 149 or 150,
EITF Issue No. 00-19 (or any successor issue statements) or under FASB’s
Liabilities & Equity Project.

(iii)          Prior
to the Trade Date, Issuer shall deliver to Dealer a resolution of Issuer’s
board of directors authorizing the Transaction and such other certificate or
certificates as Dealer shall reasonably request.

(iv)          Issuer
is not entering into this Confirmation to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for
Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in
violation of the Exchange Act.

(v)           Issuer
is not, and after giving effect to the transactions contemplated hereby will
not be, an “investment company” as such term is defined in the Investment
Company Act of 1940, as amended.

(vi)          On
the Trade Date (A) the assets of Issuer at their fair valuation exceed the
liabilities of Issuer, including contingent liabilities, (B) the capital of
Issuer is adequate to conduct the business of Issuer and (C) Issuer has the
ability to pay its debts and obligations as such debts mature and does not
intend to, or does not believe that it will, incur debt beyond its ability to
pay as such debts mature.

(vii)         Issuer
shall not take any action to decrease the number of Available Shares below the
Capped Number (each as defined below).

(viii)        The
representations and warranties of Issuer set forth in Section 3 of the
Agreement and Section 3 of the Underwriting Agreement dated the Trade Date
between Issuer and UBS Securities LLC are true and correct and are hereby
deemed to be repeated to Dealer as if set forth herein.

(ix)           Issuer
understands no obligations of Dealer to it hereunder will be entitled to the
benefit of deposit insurance and that such obligations will not be guaranteed
by any affiliate of Dealer or any governmental agency.

(b)           Each of Buyer and Issuer agrees and represents that it is
an “eligible contract participant” as defined in Section 1a(12) of the U.S.
Commodity Exchange Act, as amended.

(c)           Each of Dealer and Issuer acknowledges that the offer and
sale of the Transaction to it is intended to be exempt from registration under
the Securities Act by virtue of Section 4(2) thereof.  Accordingly, Dealer represents and warrants
to Issuer that (i) it has the financial ability to bear the economic risk of
its investment in the Transaction and is able to bear a total loss of its
investment and its investments in and liabilities in respect of the
Transaction, which it understands are not readily marketable, are not
disproportionate to its net worth, and it is able to bear any loss in
connection with the Transaction, including the loss of its entire investment in
the Transaction, (ii) it is an “accredited investor” as that term is defined in
Regulation D as promulgated under the Securities Act, (iii) it is entering into
the Transaction for its own account without a view to the distribution or
resale thereof, (iv) the assignment, transfer or other disposition of the
Transaction has not been and will not be registered under the Securities Act
and is restricted under this Confirmation, the Securities Act and state
securities laws, (v) its financial condition is such that it has no need for
liquidity with respect to its investment in the Transaction and no need to
dispose of any portion thereof to satisfy any existing or contemplated
undertaking or indebtedness and is capable of assessing the merits of and
understanding (on its own behalf or through independent professional advice),
and understands and accepts, the terms, conditions and risks of the
Transaction.

 8
 

(d)           Each of Dealer and Issuer agrees and acknowledges (A) that
this Confirmation is (i) a “securities contract,” as such term is defined in
Section 741(7) of Title 11 of the United States Code (the “Bankruptcy Code”), with respect to which
each payment and delivery hereunder is a “settlement payment,” as such term is
defined in Section 741(8) of the Bankruptcy Code, and (ii) a “swap agreement,”
as such term is defined in Section 101(53B) of the Bankruptcy Code, with
respect to which each payment and delivery hereunder is a “transfer,” as such
term is defined in Section 101(54) of the Bankruptcy Code, and (B) that Dealer
is entitled to the protections afforded by, among other sections, Section
362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code.

(e)           Issuer shall deliver to Dealer an opinion of counsel,
dated as of the Trade Date and reasonably acceptable to Dealer in form and
substance, with respect to the matters set forth in Section 3(a) of the
Agreement.

8.             Other Provisions:

(a)           Alternative
Calculations and Payment on Early Termination and on Certain Extraordinary
Events.  If, subject to
Section 8(k) below, Issuer shall owe Buyer any amount pursuant to Sections
12.2, 12.3, 12.6, 12.7 or 12.9 of the Equity Definitions (except in the event
of a Tender Offer or a Merger Event, in each case, in which the consideration
or proceeds to be paid to holders of Shares consists solely of cash) or
pursuant to Section 6(d)(ii) of the Agreement (except in the event of an Event
of Default in which Issuer is the Defaulting Party or a Termination Event in
which Issuer is the Affected Party, that resulted from an event or events
within Issuer’s control) (a “Payment
Obligation”), Issuer shall have the right, in its sole discretion,
to satisfy any such Payment Obligation by the Share Termination Alternative (as
defined below) by giving irrevocable telephonic notice to Buyer, confirmed in
writing within one Scheduled Trading Day, between the hours of 9:00 A.M. and
4:00 P.M. New York City time on the Merger Date, Tender Offer Date,
Announcement Date or Early Termination Date, as applicable (“Notice of Share Termination”).  Upon such Notice of Share Termination, the
following provisions shall apply on the Scheduled Trading Day immediately
following the Merger Date, the Tender Offer Date, Announcement Date or Early
Termination Date, as applicable:

Share Termination Alternative:                             Applicable
and means that Issuer shall deliver to Dealer the Share Termination Delivery
Property on the date on which the Payment Obligation would otherwise be due
pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii)
of the Agreement, as applicable (the “Share Termination Payment
Date”), in satisfaction of the Payment Obligation.

Share Termination Delivery

Property:                                                                                                                                           A
number of Share Termination Delivery Units, as calculated by the Calculation
Agent, equal to the Payment Obligation divided by the Share Termination Unit
Price.  The Calculation Agent shall
adjust the Share Termination Delivery Property by replacing any fractional
portion of a security therein with an amount of cash equal to the value of such
fractional security based on the values used to calculate the Share Termination
Unit Price.

Share Termination Unit Price:                                     The
value of property contained in one Share Termination Delivery Unit on the date
such Share Termination Delivery Units are to be delivered as Share Termination
Delivery Property, as determined by the Calculation Agent in its discretion by
commercially reasonable means and notified by the Calculation Agent to Issuer
at the time of notification of the Payment Obligation.

Share Termination Delivery Unit:                  In the case of a
Termination Event, Event of Default or Delisting, one Share or, in the case of
an Insolvency, Nationalization, Merger Event or Tender Offer, a Share or a unit
consisting of the number or amount of each type of property received by a
holder of one Share (without consideration of any requirement to pay cash or
other consideration in lieu of fractional amounts of any securities) in such
Insolvency, Nationalization, Merger Event or Tender Offer.  If such Insolvency, Nationalization, Merger
Event or Tender Offer involves a choice of

 

 9

consideration to be
received by holders, such holder shall be deemed to have elected to receive the
maximum possible amount of cash.

Failure to
Deliver:                                                                                                  Applicable

Other applicable
provisions:                                          If
Share Termination Alternative is applicable, the provisions of Sections 9.8,
9.9, 9.10, 9.11 (except that the Representation and Agreement contained in
Section 9.11 of the Equity Definitions shall be modified by excluding any
representations therein relating to restrictions, obligations, limitations or
requirements under applicable securities laws as a result of the fact that
Seller is the issuer of the Shares) and 9.12 of the Equity Definitions will be
applicable, except that all references in such provisions to “Physical
Settlement” shall be read as references to “Share Termination Alternative” and
all references to “Shares” shall be read as references to “Share Termination
Delivery Units”.  If, in the reasonable
opinion of counsel to Issuer or Dealer, for any reason, any securities
comprising the Share Termination Delivery Units deliverable pursuant to this
Section 8(a) would not be immediately freely transferable by Dealer under Rule
144(k) under the Securities Act, then Dealer may elect to either (x) accept
delivery of such securities notwithstanding any restriction on transfer or (y)
have the provisions set forth in Section 8(b) below apply.

(b)           Registration/Private Placement Procedures.  (i) 
With respect to the Transaction, the following provisions shall apply to
the extent provided for above opposite the caption “Net Share Settlement” in
Section 2 above.  If so applicable, then,
at the election of Issuer by notice to Buyer within one Exchange Business Day
after the relevant delivery obligation arises, 
but in any event at least one Exchange Business Day prior to the date on
which such delivery obligation is due, either (A) all Shares or Share
Termination Delivery Units, as the case may be, delivered by Issuer to Buyer
shall be, at the time of such delivery, covered by an effective registration
statement of Issuer for immediate resale by Buyer (such registration statement
and the corresponding prospectus (the “Prospectus”)
(including, without limitation, any sections describing the plan of
distribution) in form and content commercially reasonably satisfactory to Buyer)
or (B) Issuer shall deliver additional Shares or Share Termination Delivery
Units, as the case may be, so that the value of such Shares or Share
Termination Delivery Units, as determined by the Calculation Agent to reflect
an appropriate liquidity discount, equals the value of the number of Shares or
Share Termination Delivery Units that would otherwise be deliverable if such
Shares or Share Termination Delivery Units were freely tradeable (without
prospectus delivery) upon receipt by Buyer (such value, the “Freely Tradeable Value”); provided
that Issuer may not make the election described in this clause (B) if, on the
date of its election, it has taken, or caused to be taken, any action that
would make unavailable either the exemption pursuant to Section 4(2) of the
Securities Act for the sale by Issuer to Dealer (or any affiliate designated by
Dealer) of the Shares or the exemption pursuant to Section 4(1) or Section 4(3)
of the Securities Act for resales of the Shares by Dealer (or any such affiliate
of Dealer).  For the avoidance of doubt,
as used in this paragraph (b) only, the term “Issuer” shall mean the issuer of
the relevant securities, as the context shall require.

(ii)           If Issuer makes the election
described in clause (b)(i)(A) above:

(A)          Buyer (or an Affiliate of Buyer
designated by Buyer) shall be afforded a reasonable opportunity to conduct a
due diligence investigation with respect to Issuer that is customary in scope
for underwritten offerings of equity securities and that yields results that
are commercially reasonably satisfactory to Buyer or such Affiliate, as the
case may be, in its discretion; and

(B)           Buyer (or an Affiliate of Buyer
designated by Buyer) and Issuer shall enter into an agreement (a “Registration Agreement”) on commercially
reasonable terms in connection with the public resale of such Shares or Share
Termination Delivery Units, as the case may be, by Buyer or such Affiliate
substantially similar to underwriting agreements customary for underwritten
offerings of equity securities, in form and substance commercially reasonably
satisfactory to Buyer or such Affiliate and Issuer, which Registration
Agreement shall include, without limitation, provisions substantially similar
to those contained in such underwriting

 10
 

agreements relating
to the indemnification of, and contribution in connection with the liability
of, Buyer and its Affiliates and Issuer, shall provide for the payment by
Issuer of all expenses in connection with such resale, including all
registration costs and all fees and expenses of counsel for Buyer, and shall
provide for the delivery of accountants’ “comfort letters” to Buyer or such
Affiliate with respect to the financial statements and certain financial
information contained in or incorporated by reference into the Prospectus.

(iii)          If Issuer makes the election described
in clause (a)(i)(B) above:

(A)          Buyer (or an Affiliate of Buyer
designated by Buyer) and any potential institutional purchaser of any such
Shares or Share Termination Delivery Units, as the case may be, from Buyer or
such Affiliate identified by Buyer shall be afforded a commercially reasonable
opportunity to conduct a due diligence investigation in compliance with
applicable law with respect to Issuer customary in scope for private placements
of equity securities (including, without limitation, the right to have made
available to them for inspection all financial and other records, pertinent
corporate documents and other information reasonably requested by them),
subject to execution by such recipients of customary confidentiality agreements
reasonably acceptable to Issuer;

(B)           Buyer (or an Affiliate of Buyer
designated by Buyer) and Issuer shall enter into an agreement (a “Private Placement Agreement”) on
commercially reasonable terms in connection with the private placement of such
Shares or Share Termination Delivery Units, as the case may be, by Issuer to
Buyer or such Affiliate and the private resale of such shares by Buyer or such
Affiliate, substantially similar to private placement purchase agreements
customary for private placements of equity securities, in form and substance
commercially reasonably satisfactory to Buyer and Issuer, which Private
Placement Agreement shall include, without limitation, provisions substantially
similar to those contained in such private placement purchase agreements
relating to the indemnification of, and contribution in connection with the
liability of, Buyer and its Affiliates and Issuer, shall provide for the
payment by Issuer of all expenses in connection with such resale, including all
fees and expenses of counsel for Buyer, shall contain representations,
warranties and agreements of Issuer reasonably necessary or advisable to
establish and maintain the availability of an exemption from the registration
requirements of the Securities Act for such resales, and shall use best efforts
to provide for the delivery of accountants’ “comfort letters” to Buyer or such
Affiliate with respect to the financial statements and certain financial
information contained in or incorporated by reference into the offering
memorandum prepared for the resale of such Shares; and

(C)           Issuer agrees that any Shares or
Share Termination Delivery Units so delivered to Dealer, (i) may be transferred
by and among Dealer and its affiliates, and Issuer shall effect such transfer
without any further action by Dealer and (ii) after the minimum “holding period”
within the meaning of Rule 144(d) under the Securities Act has elapsed with
respect to such Shares or any securities issued by Issuer comprising such Share
Termination Delivery Units, Issuer shall promptly remove, or cause the transfer
agent for such Shares or securities to remove, any legends referring to any
such restrictions or requirements from such Shares or securities upon delivery
by Dealer (or such affiliate of Dealer) to Issuer or such transfer agent of
seller’s and broker’s representation letters customarily delivered by Dealer in
connection with resales of restricted securities pursuant to Rule 144 under the
Securities Act, without any further requirement for the delivery of any
certificate, consent, agreement, opinion of counsel, notice or any other
document, any transfer tax stamps or payment of any other amount or any other
action by Dealer (or such affiliate of Dealer).

(c)           Make-whole Shares.  If
Issuer makes the election described in clause (b)(i)(B) of this Section 8, then
Dealer or its affiliate may sell (which sale shall be made in a commercially
reasonable manner) such Shares or Share Termination Delivery Units, as the case
may be, during a period (the “Resale Period”)
commencing on the Exchange Business Day following delivery of such Shares or
Share Termination Delivery Units, as the case may be, and ending on the
Exchange Business Day on which Dealer completes the sale of all such Shares or
Share

 11
 

Termination Delivery Units, as the case may be, or a sufficient number
of Shares or Share Termination Delivery Units, as the case may be, so that the
realized net proceeds of such sales exceed the amount of the Payment Obligation
or the Freely Tradeable Value (such amount of the Payment Obligation or Freely
Tradeable Value, as the case may be, the “Required Proceeds”). 
If any of such delivered Shares or Share Termination Delivery Units
remain after such realized net proceeds exceed the Required Proceeds, Dealer
shall return such remaining Shares or Share Termination Delivery Units to
Issuer.  If the Required Proceeds exceed
the realized net proceeds from such resale, Issuer shall transfer to Dealer by
the open of the regular trading session on the Exchange on the Exchange Trading
Day immediately following the last day of the Resale Period the amount of such
excess (the “Additional Amount”)
in cash or in a number of additional Shares (“Make-whole
Shares”), at the Issuer’s option, in an amount that, based on the
Relevant Price on the last day of the Resale Period (as if such day was the “Valuation
Date” for purposes of computing such Relevant Price), has a dollar value equal
to the Additional Amount.  The Resale
Period shall continue to enable the sale of the Make-whole Shares in the manner
contemplated by this Section 8(c).  This
provision shall be applied successively until the Additional Amount is equal to
zero, subject to Section 8(e).  Without
limiting any of the obligations of the Issuer under this Section 8(c), the
Buyer may from time to time demand that the Issuer use its reasonable best
efforts to cause a registration statement covering all Shares or Share
Termination Delivery Units to have become effective, whether such Shares or
Share Termination Delivery Units have been or are yet to be delivered to the
Buyer.

(d)           Beneficial Ownership.  Notwithstanding anything to the contrary in
the Agreement or this Confirmation, in no event shall Buyer be entitled to
receive, or shall be deemed to receive, any Shares if, upon such receipt of
such Shares, the “beneficial ownership” (within the meaning of Section 13 of
the Exchange Act and the rules promulgated thereunder) of Shares by Buyer or
any entity that directly or indirectly controls Buyer (collectively, “Buyer Group”) would be equal to or greater
than 7.5% or more of the outstanding Shares. 
If any delivery owed to Buyer hereunder is not made, in whole or in
part, as a result of this provision, Issuer’s obligation to make such delivery shall
not be extinguished and Issuer shall make such delivery as promptly as
practicable after, but in no event later than one Exchange Business Day after,
Buyer gives notice to Issuer that such delivery would not result in Buyer Group
directly or indirectly so beneficially owning in excess of 7.5% of the
outstanding Shares.

(e)           Limitations on Settlement by Issuer.  Notwithstanding anything herein or in the
Agreement to the contrary, in no event shall Issuer be required to deliver a
number of Shares in connection with the Transaction in excess of twice the
aggregate Number of Warrants hereunder (the “Capped
Number”).  Issuer represents
and warrants (which shall be deemed to be repeated on each day that the
Transaction is outstanding) that the Capped Number is equal to or less than the
number of authorized but unissued Shares of the Issuer that are not reserved
for future issuance in connection with transactions in the Shares (other than
the Transaction) on the date of the determination of the Capped Number (such
Shares, the “Available Shares”).  In the event Issuer shall not have delivered
the full number of Shares otherwise deliverable as a result of this Section
8(e) (the resulting deficit, the “Deficit
Shares”), Issuer shall be continually obligated to deliver, from
time to time until the full number of Deficit Shares have been delivered
pursuant to this paragraph, Shares when, and to the extent, that (i) Shares are
repurchased, acquired or otherwise received by Issuer or any of its
subsidiaries after the Trade Date (whether or not in exchange for cash, fair
value or any other consideration), (ii) authorized and unissued Shares reserved
for issuance in respect of other transactions prior to such date which prior to
the relevant date become no longer so reserved and (iii) Issuer additionally
authorizes and unissued Shares that are not reserved for other
transactions.  Issuer shall immediately
notify Dealer of the occurrence of any of the foregoing events (including the
number of Shares subject to clause (i), (ii) or (iii) and the corresponding
number of Shares to be delivered) and promptly deliver such Shares thereafter.

(f)            Equity Rights.  Buyer acknowledges and agrees that this
Confirmation is not intended to convey to it rights with respect to the
Transaction that are senior to the claims of common stockholders in the event
of Issuer’s bankruptcy.  For the
avoidance of doubt, the parties agree that the preceding sentence shall not
apply at any time other than during Issuer’s bankruptcy to any claim arising as
a result of a breach by Issuer of any of its obligations under this
Confirmation or the Agreement.  For the
avoidance of doubt, the parties acknowledge that this Confirmation is not
secured by any collateral that would otherwise secure the obligations of Issuer
herein under or pursuant to any other agreement.

(g)           Amendments to Equity Definitions and the Agreement.  The following amendments shall be made to the
Equity Definitions and to the Agreement:

 12
 

(i)            The first sentence of Section
11.2(c) of the Equity Definitions, prior to clause (A) thereof, is hereby
amended to read as follows:  ‘(c) If “Calculation
Agent Adjustment” is specified as the Method of Adjustment in the related
Confirmation of a Share Option Transaction, then following the announcement or
occurrence of any Potential Adjustment Event, the Calculation Agent will
determine whether such Potential Adjustment Event has a material effect on the
theoretical value of the relevant Shares or options on the Shares and, if so,
will (i) make appropriate  adjustment(s),
if any, to any one or more of:’ and, the portion of such sentence immediately
preceding clause (ii) thereof is hereby amended by deleting the words “diluting
or concentrative” and the words “(provided that
no adjustments will be made to account solely for changes in volatility,
expected dividends, stock loan rate or liquidity relative to the relevant
Shares)” and replacing such latter phrase with the words “(and, for the
avoidance of doubt, adjustments may be made to account solely for changes in
volatility, expected dividends, stock loan rate or liquidity relative to the
relevant Shares)”;

(ii)           Section 11.2(e)(vii) of the Equity
Definitions is hereby amended by deleting the words “diluting or concentrative”
and replacing them with “material”; and

(iii)          Section 12.6(a)(ii) of the Equity
Definitions is hereby amended by (1) deleting from the fourth line thereof the
word “or” after the word “official” and inserting a comma therefor, and (2)
deleting the semi-colon at the end of subsection (B) thereof and inserting the
following words therefor “or (C) at Buyer’s option, the occurrence of any of
the events specified in Section 5(a)(vii) (1) through (9) of  the ISDA Master Agreement with respect to
that Issuer.”.

(h)           Transfer and Assignment.  Subject to compliance with applicable law,
Buyer may transfer or assign its rights and obligations hereunder and under the
Agreement, in whole or in part, at any time to any financial institution
without the consent of Issuer.  In connection with any transfer or assignment by
Buyer of its rights and obligations hereunder and under the Agreement,
Buyer shall promptly provide written notice to Issuer of such transfer or
assignment, as the case may be, and the identity of the relevant transferee or
assignee.

(i)            Disclosure.  Effective from the date of commencement of
discussions concerning the Transaction, Issuer and each of its employees,
representatives, or other agents may disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of the Transaction
and all materials of any kind (including opinions or other tax analyses) that
are provided to Issuer relating to such tax treatment and tax structure.

(j)            Designation by Dealer.  Notwithstanding any other provision in this
Confirmation to the contrary requiring or allowing Dealer to purchase, sell,
receive or deliver any Shares or other securities to or from Issuer, Dealer may
designate any of its affiliates to purchase, sell, receive or deliver such
shares or other securities and otherwise to perform Dealer obligations in
respect of the Transaction and any such designee may assume such
obligations.  Dealer shall be discharged
of its obligations to Issuer to the extent of any such performance.

(k)           Netting and Set-off.  Each party waives any and all rights it may
have to set off, whether arising under any agreement, applicable law or
otherwise.  The provisions of Section
2(c) of the Agreement shall not be applicable to the Transaction.

(l)            Additional Termination Event.  If within the period commencing on the Trade
Date and ending on the second anniversary of the Premium Payment Date, Buyer
reasonably determines that it is advisable to terminate a portion of the
Transaction so that Buyer’s related hedging activities will comply with applicable
securities laws, rules or regulations, an Additional Termination Event shall
occur in respect of which (1) Issuer shall be the sole Affected Party and (2)
the Transaction shall be the sole Affected Transaction.

(m)          Effectiveness.  If,
prior to the Effective Date, Buyer reasonably determines that it is advisable
to cancel the Transaction because of concerns that Buyer’s related hedging
activities could be viewed as not complying with applicable securities laws,
rules or regulations, the Transaction shall be cancelled and shall not become
effective, and neither party shall have any obligation to the other party in
respect of the Transaction.

 13
 

(n)           Waiver of Trial by Jury.  EACH OF
ISSUER AND BUYER HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND, TO THE
EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE TRANSACTION OR
THE ACTIONS OF BUYER OR ITS AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR
ENFORCEMENT HEREOF.

(o)           Governing Law.  THIS
CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED
STATES COURT FOR THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL
MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND
ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS.

(p)           Role of Agent.  Each
party agrees and acknowledges that Agent is acting as agent for both parties
but does not guarantee the performance of either party and neither Dealer nor
Issuer shall contact the other with respect to any matter relating to the
Transaction without the direct involvement of Agent; (ii) Agent is not a member
of the Securities Investor Protection Corporation; (iii) Agent, Dealer and
Issuer each hereby acknowledges that any transactions by Dealer or Agent in the
Shares will be undertaken by Dealer or Agent, as the case may, as principal for
its own account; (iv) all of the actions to be taken by Dealer and Agent in
connection with the Transaction, including, but not limited to, any exercise of
any rights with respect to the Warrants, shall be taken by Dealer or Agent
independently and without any advance or subsequent consultation with Issuer;
and (v) Agent is hereby authorized to act as agent for Issuer only to the
extent required to satisfy the requirements of Rule 15a-6 under the Exchange Act
in respect of the Warrants described hereunder.

 14
 

Issuer hereby agrees (a) to check this
Confirmation carefully and immediately upon receipt so that errors or
discrepancies can be promptly identified and rectified and (b) to confirm
that the foregoing (in the exact form provided by Dealer) correctly sets forth
the terms of the agreement between Dealer and Issuer with respect to the
Transaction, by manually signing this Confirmation or this page hereof as
evidence of agreement to such terms and providing the other information
requested herein and immediately returning an executed copy to Candice Berguin
(Documentation Department), Facsimile No. + 33 1 46 92 46 70.

Yours faithfully,

SOCIETE
GENERALE

	
   

  	
  By:

  	
  /s/ Anne Martel

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Anne
  Martel

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Societe
  Generale OTC Equity Derivatives

  	
   

  	
   

  

 

SG
AMERICAS SECURITIES, LLC, as agent

	
   

  	
  By:

  	
  /s/ Sanjay Garg

  	
   

  
	
   

  	
   

  	
  Name: Sanjay Garg

  	
   

  
	
   

  	
   

  	
  Title: Director

  	
   

  

Agreed and Accepted By:

CONCEPTUS, INC.

	
  By:

  	
  /s/ Gregory E. Lichtwardt

  	
   

  
	
   

  	
  Name: Gregory E. Lichtwardt

  	
   

  
	
   

  	
  Title: Executive Vice President, CFO

  	
   

  

 

 15

Annex
A

For each Component of the
Transaction, the Number of Warrants and Expiration Date is set forth below.

 

	
  Component Number

  	
   

  	
  Number of Warrants

  	
   

  	
  Expiration Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  3,984

  	
   

  	
  July 2, 2012

  
	
  2

  	
   

  	
  3,984

  	
   

  	
  July 3, 2012

  
	
  3

  	
   

  	
  3,984

  	
   

  	
  July 5, 2012

  
	
  4

  	
   

  	
  3,984

  	
   

  	
  July 6, 2012

  
	
  5

  	
   

  	
  3,984

  	
   

  	
  July 9, 2012

  
	
  6

  	
   

  	
  3,984

  	
   

  	
  July 10, 2012

  
	
  7

  	
   

  	
  3,984

  	
   

  	
  July 11, 2012

  
	
  8

  	
   

  	
  3,984

  	
   

  	
  July 12, 2012

  
	
  9

  	
   

  	
  3,984

  	
   

  	
  July 13, 2012

  
	
  10

  	
   

  	
  3,984

  	
   

  	
  July 16, 2012

  
	
  11

  	
   

  	
  3,984

  	
   

  	
  July 17, 2012

  
	
  12

  	
   

  	
  3,984

  	
   

  	
  July 18, 2012

  
	
  13

  	
   

  	
  3,984

  	
   

  	
  July 19, 2012

  
	
  14

  	
   

  	
  3,984

  	
   

  	
  July 20, 2012

  
	
  15

  	
   

  	
  3,984

  	
   

  	
  July 23, 2012

  
	
  16

  	
   

  	
  3,984

  	
   

  	
  July 24, 2012

  
	
  17

  	
   

  	
  3,984

  	
   

  	
  July 25, 2012

  
	
  18

  	
   

  	
  3,984

  	
   

  	
  July 26, 2012

  
	
  19

  	
   

  	
  3,984

  	
   

  	
  July 27, 2012

  
	
  20

  	
   

  	
  3,984

  	
   

  	
  July 30, 2012

  
	
  21

  	
   

  	
  3,984

  	
   

  	
  July 31, 2012

  
	
  22

  	
   

  	
  3,984

  	
   

  	
  August 1, 2012

  
	
  23

  	
   

  	
  3,984

  	
   

  	
  August 2, 2012

  
	
  24

  	
   

  	
  3,984

  	
   

  	
  August 3, 2012

  
	
  25

  	
   

  	
  3,984

  	
   

  	
  August 6, 2012

  
	
  26

  	
   

  	
  3,984

  	
   

  	
  August 7, 2012

  
	
  27

  	
   

  	
  3,984

  	
   

  	
  August 8, 2012

  
	
  28

  	
   

  	
  3,984

  	
   

  	
  August 9, 2012

  
	
  29

  	
   

  	
  3,984

  	
   

  	
  August 10, 2012

  
	
  30

  	
   

  	
  3,984

  	
   

  	
  August 13, 2012

  
	
  31

  	
   

  	
  3,984

  	
   

  	
  August 14, 2012

  
	
  32

  	
   

  	
  3,984

  	
   

  	
  August 15, 2012

  
	
  33

  	
   

  	
  3,984

  	
   

  	
  August 16, 2012

  
	
  34

  	
   

  	
  3,984

  	
   

  	
  August 17, 2012

  
	
  35

  	
   

  	
  3,984

  	
   

  	
  August 20, 2012

  
	
  36

  	
   

  	
  3,984

  	
   

  	
  August 21, 2012

  
	
  37

  	
   

  	
  3,984

  	
   

  	
  August 22, 2012

  
	
  38

  	
   

  	
  3,984

  	
   

  	
  August 23, 2012

  
	
  39

  	
   

  	
  3,984

  	
   

  	
  August 24, 2012

  
	
  40

  	
   

  	
  3,984

  	
   

  	
  August 27, 2012

  
	
  41

  	
   

  	
  3,984

  	
   

  	
  August 28, 2012

  
	
  42

  	
   

  	
  3,984

  	
   

  	
  August 29, 2012

  
	
  43

  	
   

  	
  3,984

  	
   

  	
  August 30, 2012

  
	
  44

  	
   

  	
  3,984

  	
   

  	
  August 31, 2012

  
	
  45

  	
   

  	
  3,984

  	
   

  	
  September 4,
  2012

  
	
  46

  	
   

  	
  3,984

  	
   

  	
  September 5,
  2012

  
	
  47

  	
   

  	
  3,984

  	
   

  	
  September 6,
  2012

  

 

 A-1
 

 

	
  48

  	
   

  	
  3,984

  	
   

  	
  September 7,
  2012

  
	
  49

  	
   

  	
  3,984

  	
   

  	
  September 10,
  2012

  
	
  50

  	
   

  	
  3,984

  	
   

  	
  September 11,
  2012

  
	
  51

  	
   

  	
  3,984

  	
   

  	
  September 12,
  2012

  
	
  52

  	
   

  	
  3,984

  	
   

  	
  September 13,
  2012

  
	
  53

  	
   

  	
  3,984

  	
   

  	
  September 14,
  2012

  
	
  54

  	
   

  	
  3,984

  	
   

  	
  September 17,
  2012

  
	
  55

  	
   

  	
  3,984

  	
   

  	
  September 18,
  2012

  
	
  56

  	
   

  	
  3,984

  	
   

  	
  September 19,
  2012

  
	
  57

  	
   

  	
  3,984

  	
   

  	
  September 20,
  2012

  
	
  58

  	
   

  	
  3,984

  	
   

  	
  September 21,
  2012

  
	
  59

  	
   

  	
  3,984

  	
   

  	
  September 24,
  2012

  
	
  60

  	
   

  	
  3,984

  	
   

  	
  September 25,
  2012

  
	
  61

  	
   

  	
  3,984

  	
   

  	
  September 26,
  2012

  
	
  62

  	
   

  	
  3,984

  	
   

  	
  September 27,
  2012

  
	
  63

  	
   

  	
  3,984

  	
   

  	
  September 28,
  2012

  
	
  64

  	
   

  	
  3,984

  	
   

  	
  October 1, 2012

  
	
  65

  	
   

  	
  3,984

  	
   

  	
  October 2, 2012

  
	
  66

  	
   

  	
  3,984

  	
   

  	
  October 3, 2012

  
	
  67

  	
   

  	
  3,984

  	
   

  	
  October 4, 2012

  
	
  68

  	
   

  	
  3,984

  	
   

  	
  October 5, 2012

  
	
  69

  	
   

  	
  3,984

  	
   

  	
  October 9, 2012

  
	
  70

  	
   

  	
  3,984

  	
   

  	
  October 10, 2012

  
	
  71

  	
   

  	
  3,984

  	
   

  	
  October 11, 2012

  
	
  72

  	
   

  	
  3,984

  	
   

  	
  October 12, 2012

  
	
  73

  	
   

  	
  3,984

  	
   

  	
  October 15, 2012

  
	
  74

  	
   

  	
  3,984

  	
   

  	
  October 16, 2012

  
	
  75

  	
   

  	
  3,984

  	
   

  	
  October 17, 2012

  
	
  76

  	
   

  	
  3,984

  	
   

  	
  October 18, 2012

  
	
  77

  	
   

  	
  3,984

  	
   

  	
  October 19, 2012

  
	
  78

  	
   

  	
  3,984

  	
   

  	
  October 22, 2012

  
	
  79

  	
   

  	
  3,984

  	
   

  	
  October 23, 2012

  
	
  80

  	
   

  	
  3,984

  	
   

  	
  October 24, 2012

  
	
  81

  	
   

  	
  3,984

  	
   

  	
  October 25, 2012

  
	
  82

  	
   

  	
  3,984

  	
   

  	
  October 26, 2012

  
	
  83

  	
   

  	
  3,984

  	
   

  	
  October 29, 2012

  
	
  84

  	
   

  	
  3,984

  	
   

  	
  October 30, 2012

  
	
  85

  	
   

  	
  3,984

  	
   

  	
  October 31, 2012

  
	
  86

  	
   

  	
  3,984

  	
   

  	
  November 1, 2012

  
	
  87

  	
   

  	
  3,984

  	
   

  	
  November 2, 2012

  
	
  88

  	
   

  	
  3,984

  	
   

  	
  November 5, 2012

  
	
  89

  	
   

  	
  3,984

  	
   

  	
  November 6, 2012

  
	
  90

  	
   

  	
  4,040

  	
   

  	
  November 7, 2012

  

 

 

 A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]