Document:

Exhibit 4.1

 

MICRON TECHNOLOGY, INC.

as Issuer

 

and

 

WELLS FARGO BANK, NATIONAL
ASSOCIATION

as Trustee

 

 

Indenture

 

Dated as of April 15, 2009

 

 

4.25% Convertible Senior Notes due October 15,
2013

 

 

Micron Technology, Inc.

 

Reconciliation and Tie
between the Trust Indenture Act of 1939, as amended, and the Indenture, dated
as of April 15, 2009, between Micron Technology, Inc. and Wells Fargo
Bank, National Association, as Trustee.

 

	
  Trust Indenture Act Section

  	
   

  	
  Indenture
  Section

  
	
  § 310

  	
  (a)(1)

  	
   

  	
  7.10

  
	
   

  	
  (a)(2)

  	
   

  	
  7.10

  
	
   

  	
  (a)(3)

  	
   

  	
  Not Applicable

  
	
   

  	
  (a)(4)

  	
   

  	
  Not Applicable

  
	
   

  	
  (a)(5)

  	
   

  	
  7.10

  
	
   

  	
  (b)

  	
   

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

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 311

  	
  (a)

  	
   

  	
  7.03

  
	
   

  	
  (b)

  	
   

  	
  7.03

  
	
   

  	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 312

  	
  (a)

  	
   

  	
  2.05

  
	
   

  	
  (b)

  	
   

  	
  13.02(a), 13.04

  
	
   

  	
  (c)

  	
   

  	
  13.02(a), 13.04

  
	
  § 313

  	
  (a)

  	
   

  	
  7.06

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  
	
   

  	
  (c)

  	
   

  	
  7.05, 7.06

  
	
   

  	
  (d)

  	
   

  	
  7.06

  
	
  § 314

  	
  (a)

  	
   

  	
  4.04, 4.05

  
	
   

  	
  (b)

  	
   

  	
  Not Applicable

  
	
   

  	
  (c)(1)

  	
   

  	
  13.05(1)

  
	
   

  	
  (c)(2)

  	
   

  	
  13.05(2)

  
	
   

  	
  (c)(3)

  	
   

  	
  Not Applicable

  
	
   

  	
  (d)

  	
   

  	
  Not Applicable

  
	
   

  	
  (e)

  	
   

  	
  13.06

  
	
  § 315

  	
  (a)

  	
   

  	
  7.01(b), 7.02(a)

  
	
   

  	
  (b)

  	
   

  	
  7.05

  
	
   

  	
  (c)

  	
   

  	
  7.01(b)

  
	
   

  	
  (d)

  	
   

  	
  7.01(c)

  
	
   

  	
  (d)(1)

  	
   

  	
  7.01(b), 7.02(a)

  
	
   

  	
  (d)(2)

  	
   

  	
  7.02(c)

  
	
   

  	
  (d)(3)

  	
   

  	
  7.02(e)

  
	
   

  	
  (e)

  	
   

  	
  6.12

  
	
  § 316

  	
  (a)(1)(A)

  	
   

  	
  6.05

  
	
   

  	
  (a)(1)(B)

  	
   

  	
  6.04

  
	
   

  	
  (a)(2)

  	
   

  	
  Not Applicable

  
	
   

  	
  (b)

  	
   

  	
  9.02(b)

  
	
   

  	
  (c)

  	
   

  	
  13.02(d)

  
	
  § 317

  	
  (a)(1)

  	
   

  	
  6.03

  
	
   

  	
  (a)(2)

  	
   

  	
  6.09

  
	
   

  	
  (b)

  	
   

  	
  8.02

  
	
  § 318

  	
  (a)

  	
   

  	
  7.01

  

 

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

 

i

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
  ARTICLE 1 Definitions
  and Incorporation by Reference

  	
  1

  
	
   

  	
   

  
	
  Section 1.01.

  	
  Definitions

  	
  1

  
	
  Section 1.02.

  	
  Other
  Definitions

  	
  6

  
	
  Section 1.03.

  	
  Incorporation
  by Reference of Trust Indenture Act

  	
  7

  
	
  Section 1.04.

  	
  Rules of
  Construction

  	
  7

  
	
  Section 1.05.

  	
  Acts
  of Holders

  	
  8

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2 The Notes

  	
  8

  
	
   

  	
   

  	
   

  
	
  Section 2.01.

  	
  Form,
  Dating and Denominations; Legends

  	
  8

  
	
  Section 2.02.

  	
  Execution
  and Authentication

  	
  9

  
	
  Section 2.03.

  	
  Registrar,
  Paying Agent and Conversion Agent

  	
  10

  
	
  Section 2.04.

  	
  Paying
  Agent to Hold Money in Trust

  	
  10

  
	
  Section 2.05.

  	
  Noteholder
  Lists

  	
  11

  
	
  Section 2.06.

  	
  Transfer
  and Exchange

  	
  11

  
	
  Section 2.07.

  	
  Replacement
  Notes

  	
  12

  
	
  Section 2.08.

  	
  Outstanding
  Notes

  	
  12

  
	
  Section 2.09.

  	
  Treasury
  Notes

  	
  13

  
	
  Section 2.10.

  	
  Temporary
  Notes

  	
  13

  
	
  Section 2.11.

  	
  Cancellation

  	
  13

  
	
  Section 2.12.

  	
  CUSIP
  Numbers

  	
  13

  
	
  Section 2.13.

  	
  Book-Entry
  Provisions for Global Notes

  	
  13

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3 Repurchases

  	
  14

  
	
   

  	
   

  	
   

  
	
  Section 3.01.

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

  	
  14

  
	
  Section 3.02.

  	
  Effect
  of Repurchase Notice

  	
  17

  
	
  Section 3.03.

  	
  Deposit
  of Repurchase Price

  	
  18

  
	
  Section 3.04.

  	
  Notes
  Repurchased in Part

  	
  18

  
	
  Section 3.05.

  	
  Covenant
  to Comply with Securities Laws upon Repurchase of Notes

  	
  18

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4 Covenants

  	
  19

  
	
   

  	
   

  	
   

  
	
  Section 4.01.

  	
  Payment
  of Notes

  	
  19

  
	
  Section 4.02.

  	
  Maintenance
  of Office or Agency

  	
  19

  
	
  Section 4.03.

  	
  Existence

  	
  20

  
	
  Section 4.04.

  	
  Reports

  	
  20

  
	
  Section 4.05.

  	
  Reports
  to Trustee

  	
  20

  
	
  Section 4.06.

  	
  Stay,
  Extension and Usury Laws

  	
  20

  

 

ii

 

TABLE OF CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
  ARTICLE 5
  Consolidation, Merger, Sale or Lease of Assets

  	
  21

  
	
   

  	
   

  	
   

  
	
  Section 5.01.

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

  	
  21

  
	
   

  	
   

  	
   

  
	
  ARTICLE 6 Default and
  Remedies

  	
  21

  
	
   

  	
   

  	
   

  
	
  Section 6.01.

  	
  Events
  of Default

  	
  21

  
	
  Section 6.02.

  	
  Acceleration

  	
  23

  
	
  Section 6.03.

  	
  Other
  Remedies

  	
  23

  
	
  Section 6.04.

  	
  Waiver
  of Past Defaults

  	
  23

  
	
  Section 6.05.

  	
  Control
  by Majority

  	
  23

  
	
  Section 6.06.

  	
  Limitation
  on Suits

  	
  24

  
	
  Section 6.07.

  	
  Rights
  of Holders to Receive Payment

  	
  24

  
	
  Section 6.08.

  	
  Collection
  Suit by Trustee

  	
  24

  
	
  Section 6.09.

  	
  Trustee
  May File Proofs of Claim

  	
  25

  
	
  Section 6.10.

  	
  Priorities

  	
  25

  
	
  Section 6.11.

  	
  Restoration
  of Rights and Remedies

  	
  25

  
	
  Section 6.12.

  	
  Undertaking
  for Costs

  	
  26

  
	
  Section 6.13.

  	
  Rights
  and Remedies Cumulative

  	
  26

  
	
  Section 6.14.

  	
  Delay
  or Omission Not Waiver

  	
  26

  
	
  Section 6.15.

  	
  Failure
  to File

  	
  26

  
	
   

  	
   

  	
   

  
	
  ARTICLE 7 The Trustee

  	
  27

  
	
   

  	
   

  	
   

  
	
  Section 7.01.

  	
  General

  	
  27

  
	
  Section 7.02.

  	
  Certain
  Rights of Trustee

  	
  28

  
	
  Section 7.03.

  	
  Individual
  Rights of Trustee

  	
  29

  
	
  Section 7.04.

  	
  Trustee’s
  Disclaimer

  	
  29

  
	
  Section 7.05.

  	
  Notice
  of Default

  	
  29

  
	
  Section 7.06.

  	
  Reports
  by Trustee to Holders

  	
  29

  
	
  Section 7.07.

  	
  Compensation
  and Indemnity

  	
  30

  
	
  Section 7.08.

  	
  Replacement
  of Trustee

  	
  30

  
	
  Section 7.09.

  	
  Successor
  Trustee by Merger

  	
  31

  
	
  Section 7.10.

  	
  Eligibility

  	
  31

  
	
  Section 7.11.

  	
  Money
  Held in Trust

  	
  31

  
	
   

  	
   

  	
   

  
	
  ARTICLE 8 Discharge

  	
  31

  
	
   

  	
   

  	
   

  
	
  Section 8.01.

  	
  Satisfaction
  and Discharge of this Indenture

  	
  31

  
	
  Section 8.02.

  	
  Application
  of Trust Money

  	
  32

  
	
  Section 8.03.

  	
  Repayment
  to Company

  	
  32

  
	
  Section 8.04.

  	
  Reinstatement

  	
  33

  
	
   

  	
   

  	
   

  
	
  ARTICLE 9 Amendments,
  Supplements and Waivers

  	
  33

  
	
   

  	
   

  	
   

  
	
  Section 9.01.

  	
  Amendments
  Without Consent of Holders

  	
  33

  

 

iii

 

TABLE OF CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
  Section 9.02.

  	
  Amendments
  With Consent of Holders

  	
  34

  
	
  Section 9.03.

  	
  Effect
  of Consent

  	
  35

  
	
  Section 9.04.

  	
  Trustee’s
  Rights and Obligations

  	
  35

  
	
  Section 9.05.

  	
  Conformity
  With Trust Indenture Act

  	
  36

  
	
  Section 9.06.

  	
  Payments
  for Consents

  	
  36

  
	
   

  	
   

  	
   

  
	
  ARTICLE 10 Conversion

  	
  36

  
	
   

  	
   

  	
   

  
	
  Section 10.01.

  	
  Conversion
  Privilege

  	
  36

  
	
  Section 10.02.

  	
  Conversion
  Procedures; Conversion Settlement

  	
  36

  
	
  Section 10.03.

  	
  Fractional
  Shares

  	
  37

  
	
  Section 10.04.

  	
  Taxes
  on Conversion

  	
  37

  
	
  Section 10.05.

  	
  Company
  to Provide Common Stock

  	
  38

  
	
  Section 10.06.

  	
  Adjustment
  for Change in Capital Stock

  	
  38

  
	
  Section 10.07.

  	
  Adjustment
  for Rights, Options or Warrants Issue

  	
  39

  
	
  Section 10.08.

  	
  Adjustment
  for Other Distributions

  	
  40

  
	
  Section 10.09.

  	
  Adjustment
  for Cash Dividends

  	
  41

  
	
  Section 10.10.

  	
  Adjustment
  for Tender Offer

  	
  42

  
	
  Section 10.11.

  	
  Provisions
  Governing Adjustment to Conversion Rate

  	
  43

  
	
  Section 10.12.

  	
  Disposition
  Events

  	
  43

  
	
  Section 10.13.

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

  	
  45

  
	
  Section 10.14.

  	
  When
  Adjustment May Be Deferred

  	
  46

  
	
  Section 10.15.

  	
  When
  No Adjustment Required

  	
  47

  
	
  Section 10.16.

  	
  Notice
  of Adjustment

  	
  47

  
	
  Section 10.17.

  	
  Notice
  of Certain Transactions

  	
  47

  
	
  Section 10.18.

  	
  Right
  of Holders to Convert

  	
  48

  
	
  Section 10.19.

  	
  Company
  Determination Final

  	
  48

  
	
  Section 10.20.

  	
  Trustee’s
  Adjustment Disclaimer

  	
  48

  
	
  Section 10.21.

  	
  Simultaneous
  Adjustments

  	
  48

  
	
  Section 10.22.

  	
  Successive
  Adjustments

  	
  48

  
	
  Section 10.23.

  	
  Rights
  Issued in Respect of Common Stock Issued Upon Conversion

  	
  48

  
	
  Section 10.24.

  	
  Withholding
  Taxes for Adjustments in Conversion Rate

  	
  49

  
	
   

  	
   

  	
   

  
	
  ARTICLE 11 Redemption

  	
  49

  
	
   

  	
   

  	
   

  
	
  Section 11.01.

  	
  Right
  to Redeem; Notices to Trustee

  	
  49

  
	
  Section 11.02.

  	
  Selection
  of Notes to be Redeemed

  	
  52

  
	
  Section 11.03.

  	
  Notice
  of Redemption

  	
  52

  
	
  Section 11.04.

  	
  Effect
  of Notice of Redemption

  	
  53

  
	
  Section 11.05.

  	
  Deposit
  of Redemption Price

  	
  53

  
	
  Section 11.06.

  	
  Notes
  Redeemed in Part

  	
  53

  

 

iv

 

TABLE OF CONTENTS

(Continued)

 

	
   

  	
   

  	
  Page

  
	
  ARTICLE 12 Payment of
  Interest

  	
  54

  
	
   

  	
   

  	
   

  
	
  Section 12.01.

  	
  Interest
  Payments

  	
  54

  
	
  Section 12.02.

  	
  Defaulted
  Interest

  	
  54

  
	
  Section 12.03.

  	
  Interest
  Rights Preserved

  	
  55

  
	
   

  	
   

  	
   

  
	
  ARTICLE 13
  Miscellaneous

  	
  55

  
	
   

  	
   

  	
   

  
	
  Section 13.01.

  	
  Trust
  Indenture Act of 1939

  	
  55

  
	
  Section 13.02.

  	
  Noteholder
  Communications; Noteholder Actions

  	
  55

  
	
  Section 13.03.

  	
  Notices

  	
  56

  
	
  Section 13.04.

  	
  Communication
  by Holders with Other Holders

  	
  57

  
	
  Section 13.05.

  	
  Certificate
  and Opinion as to Conditions Precedent

  	
  57

  
	
  Section 13.06.

  	
  Statements
  Required in Certificate or Opinion

  	
  58

  
	
  Section 13.07.

  	
  Legal
  Holiday

  	
  58

  
	
  Section 13.08.

  	
  Rules by
  Trustee, Paying Agent, Conversion Agent and Registrar

  	
  58

  
	
  Section 13.09.

  	
  Governing
  Law

  	
  58

  
	
  Section 13.10.

  	
  No
  Adverse Interpretation of Other Agreements

  	
  58

  
	
  Section 13.11.

  	
  Successors

  	
  58

  
	
  Section 13.12.

  	
  Counterparts

  	
  58

  
	
  Section 13.13.

  	
  Severability

  	
  59

  
	
  Section 13.14.

  	
  Table
  of Contents and Headings

  	
  59

  
	
  Section 13.15.

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

  	
  59

  
	
   

  	
   

  	
   

  
	
  EXHIBITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  EXHIBIT
  A

  	
  Form of Note

  	
   

  
	
  EXHIBIT
  B

  	
  DTC Legend

  	
   

  

 

v

 

INDENTURE dated as of April 15,
2009 between Micron Technology, Inc., a Delaware corporation (the “Company”) and Wells Fargo Bank, National
Association, a national banking association, as Trustee.

 

RECITALS

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the
issuance of $230,000,000 aggregate principal amount of the Company’s 4.25%
Convertible Senior Notes due October 15, 2013 (the “Notes”). 
All things necessary to make this Indenture a valid and binding
agreement of the Company, in accordance with its terms, have been done, and the
Company has done all things necessary to make the Notes, when executed by the
Company and authenticated and delivered by the Trustee and duly issued by the
Company, the valid and binding obligations of the Company as hereinafter
provided.

 

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

 

THIS INDENTURE WITNESSETH

 

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

 

ARTICLE 1

 

DEFINITIONS AND
INCORPORATION BY REFERENCE

 

Section 1.01.                             Definitions

 

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

 

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

 

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

 

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

 

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Common Stock” means Common Stock of the
Company, $0.10 par value, as it exists on the date of this Indenture and any
shares of any class or classes of Capital Stock of the Company resulting from
any reclassification or reclassifications thereof and which have no preference
in respect of dividends or of amounts payable in the event of any voluntary or
involuntary liquidation, 

 

2

 

dissolution or winding-up
of the Company and which are not subject to redemption by the Company; provided that if at any time there shall
be more than one such resulting class, the shares of each such class then so
issuable on conversion of Notes shall be substantially in the proportion which
the total number of shares of such class resulting from all such
reclassifications bears to the total number of shares of all such classes
resulting from all such reclassifications.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3

 

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

 

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

 

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

 

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

 

“Maturity Date” means October 15, 2013.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Prospectus” means the final prospectus
dated April 8, 2009 relating to the offering and sale of the Notes.

 

4

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

5

 

“Underwriting Agreement” means the
Underwriting Agreement dated as of April 8, 2009 among the Company and the
Underwriters relating to the purchase of the Notes by the Underwriters.

 

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

 

Section 1.02.          Other
Definitions.

 

	
  Term

  	
   

  	
  Defined in Section

  
	
  “act”

  	
   

  	
  13.02

  	
  (b)

  
	
  “Act”

  	
   

  	
  1.05

  	
   

  
	
  “Additional Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Bankruptcy Default”

  	
   

  	
  6.01

  	
  (h)

  
	
  “beneficial owner”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Company Order”

  	
   

  	
  2.02

  	
   

  
	
  “Conversion Agent”

  	
   

  	
  2.03

  	
   

  
	
  “Conversion Date”

  	
   

  	
  10.02

  	
  (a)

  
	
  “Conversion Rate”

  	
   

  	
  10.01

  	
   

  
	
  “Defaulted Interest”

  	
   

  	
  12.02

  	
   

  
	
  “Disposition Event”

  	
   

  	
  10.12

  	
   

  
	
  “Distributed Assets”

  	
   

  	
  10.08

  	
  (a)

  
	
  “Effective Date”

  	
   

  	
  10.13

  	
  (b)

  
	
  “Event of Default”

  	
   

  	
  6.01

  	
   

  
	
  “Expiration Date”

  	
   

  	
  10.10

  	
   

  
	
  “group”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Incremental Additional
  Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Incremental Extension
  Right”

  	
   

  	
  6.15

  	
   

  
	
  “Initial Additional
  Interest”

  	
   

  	
  6.15

  	
   

  
	
  “Initial Extension
  Right”

  	
   

  	
  6.15

  	
   

  
	
  “Legal Holiday”

  	
   

  	
  13.07

  	
   

  
	
  “Make-Whole Change in
  Control”

  	
   

  	
  10.13

  	
  (a)

  
	
  “Make-Whole Shares”

  	
   

  	
  10.13

  	
  (a)

  
	
  “Paying Agent”

  	
   

  	
  2.03

  	
   

  
	
  “person”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Primary Registrar”

  	
   

  	
  2.03

  	
   

  
	
  “Purchased Shares”

  	
   

  	
  10.10

  	
   

  
	
  “Redemption Price”

  	
   

  	
  11.01

  	
  (b)

  
	
  “Reference Period”

  	
   

  	
  10.08

  	
  (a)

  
	
  “Reference Property”

  	
   

  	
  10.12

  	
   

  
	
  “Register”

  	
   

  	
  2.03

  	
   

  
	
  “Registrar”

  	
   

  	
  2.03

  	
   

  
	
  “Repurchase Date”

  	
   

  	
  3.01

  	
  (a)

  

 

6

 

	
  Term

  	
   

  	
  Defined in Section

  
	
  “Repurchase Notice”

  	
   

  	
  3.01

  	
  (c)

  
	
  “Repurchase Price”

  	
   

  	
  3.01

  	
  (a)

  
	
  “Rights”

  	
   

  	
  10.23

  	
   

  
	
  “Shareholders Rights
  Plan”

  	
   

  	
  10.23

  	
   

  
	
  “Special Record Date”

  	
   

  	
  12.02

  	
  (a)

  
	
  “Spin-Off”

  	
   

  	
  10.08

  	
  (b)

  
	
  “Stock Price”

  	
   

  	
  10.13

  	
  (b)

  
	
  “Trigger Event”

  	
   

  	
  10.11

  	
   

  

 

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

 

“Commission” means the Securities and
Exchange Commission.

 

“indenture securities” means the Notes.

 

“indenture security holder” means a
Noteholder.

 

“indenture to be qualified” means this
Indenture.

 

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

 

“obligor” on this Indenture securities means
the Company.

 

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

 

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

 

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

 

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

 

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

 

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

 

7

 

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

 

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

 

(g)   “or” is not exclusive;

 

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

 

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

 

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

 

ARTICLE 2

 

THE NOTES

 

Section 2.01.          Form,
Dating and Denominations; Legends.

 

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

 

(b)   Global Notes
in General.  Each Global Note shall represent such of the
outstanding Notes as shall be specified therein and each shall provide that it
shall represent the

 

8

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

9

 

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

 

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

 

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

 

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

 

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

 

Section 2.04.          Paying
Agent to Hold Money in Trust.  Prior to 12:00 p.m., New York City time,
on each date on which the principal amount of or interest (including Additional
Interest), if any, on any Notes is due and payable, the Company shall deposit
with a Paying Agent a sum sufficient to pay such principal amount or interest
(including Additional Interest), if any, so becoming due.  A Paying Agent shall hold in trust for the
benefit of Noteholders or the Trustee all money held by the Paying Agent for
the payment of principal amount of or interest (including Additional Interest),
if any, on the Notes, and shall notify the Trustee of any default by the
Company (or any other obligor on the Notes) in making any such payment.  If the Company or an Affiliate of the Company
acts as Paying Agent, it shall, before 12:00 p.m., New York City time, on
each date on which a payment of the principal amount of or interest (including
any Additional Interest) on any

 

10

 

Notes is due and payable,
segregate the money and hold it as a separate trust fund.  The Company at any time may require a Paying
Agent to pay all money held by it to the Trustee, and the Trustee may at any
time during the continuance of any default, upon written request to a Paying
Agent, require such Paying Agent to pay forthwith to the Trustee all sums so
held in trust by such Paying Agent.  Upon
doing so, the Paying Agent (other than the Company) shall have no further
liability for the money.

 

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

 

Section 2.06.          Transfer
and Exchange. 
Subject to compliance with any applicable additional requirements contained in Section 2.13,
when a Note is presented to a Registrar with a request to register a transfer
thereof or to exchange such Note for an equal principal amount of Notes of
other authorized denominations, the Registrar shall register the transfer or
make the exchange as requested if its requirements for such transactions are
met; provided that every Note
presented or surrendered for registration of transfer or exchange shall be duly
endorsed or accompanied by an assignment form in the form included in Exhibit A,
and in form satisfactory to the Registrar duly executed by the Holder thereof
or its attorney duly authorized in writing. 
To permit registration of transfers and exchanges, upon surrender of any
Note for registration of transfer or exchange at an office or agency maintained
pursuant to Section 2.03, the Company shall execute and the Trustee shall
authenticate Notes of a like aggregate principal amount at the Registrar’s
request.  Any exchange or transfer shall
be without service charge, except that the Company or the Registrar may require
payment of a sum sufficient to cover any tax, assessment or other governmental
charge that may be imposed in relation thereto; provided that this sentence shall not apply to any exchange
pursuant to Section 2.10, Section 3.04, Section 9.03(b) or Section 11.06
not involving any transfer.

 

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

 

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

 

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

 

11

 

to do so if and when
expressly required by the terms of, this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements
hereof.

 

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

 

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

 

Upon the issuance of any
new Notes under this Section 2.07, the Company may require the payment of
a sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto and any other reasonable expenses (including the
reasonable fees and expenses of the Trustee or the Registrar) in connection
therewith.

 

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

 

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

 

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

 

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

 

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

 

12

 

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

 

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

 

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

 

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

 

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

 

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

 

13

 

notice or
cessation or (ii) an Event of Default has occurred and is continuing and
the Registrar has received a written request from the Depositary to issue
Certificated Notes.

 

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

 

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

 

ARTICLE 3

 

REPURCHASES

 

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

 

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

 

(i)                                     any
person or group, other than the Company, its Subsidiaries or any employee
benefit plan of the Company or its Subsidiaries, files a Schedule 13D or
Schedule TO (or any successor schedule, form or report) pursuant to the
Exchange Act disclosing that such person has become the direct or indirect
beneficial owner of shares with a majority of the total voting power of all of
the Company’s outstanding Voting Securities, unless such beneficial ownership (a) arises
solely as a result of a revocable proxy delivered in response to a proxy or
consent solicitation made

 

14

 

pursuant to the
applicable rules and regulations under the Exchange Act, and (b) is
not also then reportable on Schedule 13D (or any successor schedule) under
the Exchange Act;

 

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

 

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

 

For purposes of
defining a Change in Control:

 

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

 

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

 

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

 

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

 

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

 

15

 

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

 

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

 

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

 

(iv)                              the
Repurchase Price;

 

(v)                                 the
Repurchase Date;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

16

 

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

 

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

 

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

 

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

 

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

 

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

 

17

 

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

 

(i)                                     the
principal amount being withdrawn;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

18

 

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

 

ARTICLE 4

 

COVENANTS

 

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

 

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

 

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

 

(d)         Payments in respect of
the Notes represented by the Global Notes are to be made by wire transfer of
same-day funds to the Depositary for the purpose of permitting such party to
credit the payments received by it in respect of such Global Note to the
accounts of the beneficial owners thereof. 
With respect to Certificated Notes, the Company will make all payments
in same-day funds by transfer to an account maintained by the payee located
inside the United States, if the 

 

Trustee shall have
received proper wire transfer instructions from such payee not later than the
related Regular Record Date or, if no such instructions have been received by
check drawn on a bank in the United States mailed to the payee at its address
set forth on the Registrar’s books.

 

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

 

19

 

agency.  If at any time the Company fails to maintain
any such required office or agency or fails to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be
made or served to the Trustee.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 4.06.                             Stay,
Extension and Usury Laws.  The Company covenants (to the extent that
it may lawfully do so) that it will not at any time insist upon, plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay,
extension or usury law wherever enacted, now or

 

20

 

at any time
hereafter in force, which may affect the covenants or the performance of this
Indenture, and the Company (in each case, to the extent that it may lawfully do
so) hereby covenants that it will not, by resort to any such law to the extent
it would hinder, delay or impede the execution of any power herein granted to
the Trustee, but will suffer and permit the execution of every such power as
though no such law had been enacted.

 

ARTICLE 5

 

CONSOLIDATION,
MERGER, SALE OR LEASE OF ASSETS

 

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

 

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

 

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

 

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

 

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

 

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

 

ARTICLE 6

 

DEFAULT
AND REMEDIES

 

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

 

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

 

21

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

22

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 6.05.                             Control
by Majority.  The Holders of a majority in aggregate principal amount
of the outstanding Notes may direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee or exercising any trust
or power conferred on the Trustee.

 

23

 

However, the
Trustee may refuse to follow any direction that conflicts with law or this
Indenture, that may involve the Trustee in personal liability, or that the
Trustee determines in good faith may be unduly prejudicial to the rights of
Holders of Notes not joining in the giving of such direction, and may take any
other action it deems proper that is not inconsistent with any such direction
received from Holders of Notes.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

24

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 6.11.                             Restoration
of Rights and Remedies.  If the Trustee or any Holder has instituted a
proceeding to enforce any right or remedy under this Indenture and the
proceeding has been discontinued or abandoned for any reason, or has been
determined adversely to the Trustee or to the Holder, then, subject to any
determination in the proceeding, the Company, the Trustee and the Holders will
be restored severally and respectively to their former positions hereunder and

 

25

 

thereafter all
rights and remedies of the Company, the Trustee and the Holders will continue
as though no such proceeding had been instituted.

 

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

 

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

 

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

 

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

 

26

 

Notes in an amount
equal to 0.25% of the principal amount of the Notes (the “Incremental Additional Interest” and each
of the Incremental Additional Interest and the Initial Additional Interest, the
“Additional Interest” ) (such
election, the “Incremental Extension Right”).  On the 181st day after such Event of Default
(if the Event of Default relating to the reporting obligations is not cured or
waived prior to such 181st day), the Notes shall be subject to acceleration as
provided in Section 6.02.  In the
event the Company does not elect to pay the Initial Additional Interest or the
Incremental Additional Interest upon any such Event of Default in accordance
with this paragraph, the Notes will be subject to acceleration as provided in Section 6.02.
This Section 6.15 shall not affect the rights of Holders of Notes if any
other Event of Default occurs under the Indenture.

 

In order to exercise the
Initial Extension Right and elect to pay the Initial Additional Interest as the
sole remedy during the first 90 days after the occurrence of any Event of
Default relating to the failure to comply with the reporting obligations in
accordance with the preceding paragraph, the Company must (i) notify all
holders of Notes and the Trustee and Paying Agent of such election in writing
prior to the Close of Business on the date on which such Event of Default
occurs and (ii) pay such Initial Additional Interest on or before the
Close of Business on the date on which such Event of Default occurs. In order
to exercise the Incremental Extension Right (following the exercise of the
Initial Extension Right) and to pay the Incremental Additional Interest as the
sole remedy starting the 91st day after the occurrence of any Event of Default
relating to the failure to comply with the reporting obligations in accordance
with the preceding paragraph, the Company must (i) notify all holders of
Notes and the Trustee and Paying Agent in writing of such election prior to the
Close of Business on the 89th day after the occurrence of an Event of Default
for which the Company has elected to exercise its Incremental Extension Right
and (ii) pay such Incremental Additional Interest on the record date
specified in the notice that the Company is electing to use the Incremental
Extension Right (which record date will fall between the date of that notice
and such 91st day). If the Company fails to timely give either such notice or
pay any Additional Interest after giving the applicable notice, the Notes will
be immediately subject to acceleration as provided in Section 6.02.

 

ARTICLE 7

 

THE
TRUSTEE

 

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

 

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

 

27

 

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

 

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

 

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

 

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

 

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

 

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

 

(e)          The Trustee will not be
liable for any action it takes or omits to take in good faith that it believes
to be authorized or within its rights or powers or for any action it takes or
omits to take in accordance with the direction of the Holders in accordance
with Section 6.05 relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Indenture.

 

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

 

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

 

28

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

29

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

30

 

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

 

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

 

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

 

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

 

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

 

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

 

ARTICLE 8

 

DISCHARGE

 

Section 8.01.                             Satisfaction
and Discharge of this Indenture.  (a) This Indenture shall cease
to be of further effect if either: (i) all outstanding Notes (other than
Notes replaced pursuant to Section 2.07) have been delivered to the
Trustee for cancellation, (ii) all outstanding Notes have become due and
payable on the Maturity Date or on any Repurchase Date in connection with any
repurchase upon the occurrence of a Change in Control or on any Redemption Date
in connection with any redemption of all outstanding Notes or (iii) all
outstanding Notes have been delivered for conversion pursuant to Article 10,
and the Company irrevocably deposits or delivers, as the case may be, prior to
the applicable date on which such payment is due and payable, or such
conversion is

 

31

 

to be settled,
with the Trustee, the Paying Agent (if the Paying Agent is not the Company or
any of its Affiliates) or the Conversion Agent, Cash in respect of such payment
or Common Stock in respect of any such conversion on the Maturity Date, the
Repurchase Date, the Redemption Date or the date such conversion is to be
settled, as the case may be; provided
that, in all cases, the Company shall pay to the Trustee all other sums payable
hereunder by the Company.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

32

 

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

 

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

 

ARTICLE 9

 

AMENDMENTS,
SUPPLEMENTS AND WAIVERS

 

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

 

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

 

33

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(iii)                               change the Maturity Date of any Note;

 

(iv)                              change the ranking of the Notes;

 

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

 

34

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 9.04.                             Trustee’s Rights and
Obligations. 
The Trustee is entitled to receive, and will be fully protected in relying
upon, an Officers’ Certificate and/or an Opinion of Counsel stating that the
execution of any amendment, supplement or waiver authorized pursuant to this Article is
authorized or permitted by this Indenture. 
If the Trustee has received such an Officers’ Certificate and/or Opinion
of Counsel, it shall sign the amendment, supplement or waiver so long as the
same does not adversely affect the rights of the Trustee.  The Trustee may, but is not obligated to,
execute any amendment, supplement or waiver that affects the Trustee’s own
rights, duties or immunities under this Indenture.

 

35

 

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

 

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

 

ARTICLE 10

 

CONVERSION

 

Section 10.01.                       Conversion Privilege.  Subject to and upon compliance
with the provisions of this Article 10, a Noteholder shall have the right,
at such Noteholder’s option, to convert all or any portion (if the portion to
be converted is $1,000 principal amount or an integral multiple thereof) of
such Noteholder’s Notes at any time prior to the Close of Business on the
Business Day immediately preceding the Maturity Date at a conversion rate (the “Conversion Rate”) of 196.7052 shares of
Common Stock per $1,000 principal amount of Notes, subject to adjustment as set
forth in this Article 10.

 

Section 10.02.                       Conversion Procedures;
Conversion Settlement.  (a) To convert a Note that is represented by a
Certificated Note, a Noteholder must (1) complete and manually sign a
Conversion Notice, a form of which is on the back of the Note, and deliver such
Conversion Notice to the Conversion Agent, (2) surrender the Note to the
Conversion Agent, (3) if required, furnish appropriate endorsement and
transfer documents, (4) if required, pay all transfer or similar taxes and
(5) if required, pay Cash equal to amount of interest due on the next
Interest Payment Date for such Note.  If
a Noteholder holds a beneficial interest in a Global Note, to convert such
beneficial interest, such Noteholder must comply with the requirements (4) and
(5) as set forth in the immediately preceding sentence and comply with the
Applicable Procedures of the Depositary for converting a beneficial interest in
a Global Note.  The first date on which
all of the requirements set forth in the first sentence of this Section 10.02(a) (in
the case of a Certificated Note) or the second sentence of this Section 10.02(a) (in
the case of a Global Note or a beneficial interest therein) have been satisfied
is referred to in this Indenture as the “Conversion
Date.”  The Conversion Agent
shall, within one (1) Business Day of any Conversion Date, provide notice
to the Company, as set forth in Section 13.03, of the occurrence of such
Conversion Date.

 

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

 

36

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 10.04.                       Taxes on Conversion.  If a Holder converts a Note, the
Company shall pay any documentary, stamp or similar issue or transfer tax due
on the issue of any shares of Common Stock upon the conversion.  However, the Holder shall pay any such tax
which is due because the Holder

 

37

 

requests the shares to be
issued in a name other than the Holder’s name. 
The Conversion Agent may refuse to deliver the certificates representing
Common Stock being issued in a name other than the Holder’s name until the
Conversion Agent receives a sum sufficient to pay any tax which will be due
because Common Stock is to be delivered in a name other than the Holder’s name.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

38

 

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

 

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

 

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

 

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

 

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

 

39

 

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

 

Section 10.08.                       Adjustment for Other
Distributions.

 

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

 

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

 

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

 

Such increase shall
become effective immediately after the opening of business on the Ex-Date for
such distribution; provided that
if “the fair market value, as determined by the Board of Directors, of the
portion of Distributed Assets so distributed applicable to one share of Common
Stock” as set forth above is equal to or greater than “the Current Market Price
of Common Stock on the Business Day immediately preceding the Ex-Date for such
distribution” as set forth above, in lieu of the foregoing adjustment, adequate
provision shall be made so that each Noteholder shall receive on the date on
which the Distributed Assets are distributed to holders of Common Stock, for
each $1,000 principal amount of Notes, the amount of Distributed Assets such
Noteholder would

 

40

 

have received had such
Noteholder owned a number of shares of Common Stock equal to the Conversion
Rate on the record date for such distribution. 
In the event that such distribution is not so made, the Conversion Rate
shall again be adjusted to be the Conversion Rate which would then be in effect
if such distribution had not been declared. 
In no event shall the Conversion Rate be decreased pursuant to this Section 10.08(a).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

41

 

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

 

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

 

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

 

Section 10.10.                       Adjustment for Tender
Offer.  If
the Company or any of its Subsidiaries shall, at any time or from time to time,
while any of the Notes are outstanding, distribute Cash or other consideration
in respect of a tender offer or exchange offer for Common Stock, where such
Cash and the value of any such other consideration per share of Common Stock
validly tendered or exchanged exceeds the Closing Price of Common Stock on
Trading Day immediately following the last date (such last date, the “Expiration Date”) on which tenders or
exchanges may be made pursuant to the tender or exchange offer, then the
Conversion Rate shall be increased so that the same shall equal the rate
determined by multiplying the Conversion Rate in effect at the opening of
business on the Business Day immediately following the Trading Day immediately
following the Expiration Date by a fraction:

 

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

 

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

 

An adjustment, if any, to
the Conversion Rate pursuant to this Section 10.10 shall become effective
immediately prior to the opening of business on the second Trading Day
immediately following the Expiration Date. 
In the event that the Company or a Subsidiary of the Company is

 

42

 

obligated to purchase
shares of Common Stock pursuant to any such tender offer or exchange offer, but
the Company or such Subsidiary is permanently prevented by applicable law from
effecting any such purchases, or all such purchases are rescinded, then the
Conversion Rate shall again be adjusted to be the Conversion Rate which would
then be in effect if such tender offer or exchange offer had not been
made.  If the application of this Section 10.10
to any tender offer or exchange offer would result in a decrease in the
Conversion Rate, no adjustment shall be made for such tender offer or exchange
offer under this Section 10.10.

 

Section 10.11.                       Provisions Governing
Adjustment to Conversion Rate.  Rights or warrants distributed by the Company
to all holders of Common Stock entitling the holders thereof to subscribe for
or purchase shares of the Company’s Capital Stock (either initially or under
certain circumstances), which rights, options or warrants, until the occurrence
of a specified event or events (“Trigger
Event”): (i) are deemed to be transferred with such shares of
Common Stock; (ii) are not exercisable; and (iii) are also issued in
respect of future issuances of Common Stock, shall be deemed not to have been
distributed for purposes of Section 10.06, Section 10.07, Section 10.08,
Section 10.09 or Section 10.10 (and no adjustment to the Conversion
Rate under Section 10.06, Section 10.07, Section 10.08, Section 10.09
or Section 10.10 will be required) until the occurrence of the earliest
Trigger Event, whereupon such rights, options and warrants shall be deemed to
have been distributed and an appropriate adjustment (if any is required) to the
Conversion Rate shall be made under Section 10.08, and, if applicable, Section 10.23.  If any such right, option or warrant,
including any such existing rights, options or warrants distributed prior to
the date of this Indenture, are subject to events, upon the occurrence of which
such rights, options or warrants become exercisable to purchase different
securities, evidences of indebtedness or other assets, then the date of the
occurrence of any and each such event shall be deemed to be the date of
distribution and Ex-Date with respect to new rights, options or warrants with
such rights (and a termination or expiration of the existing rights, options or
warrants without exercise by any of the holders thereof), except as set forth in
Section 10.23.  In addition, except
as set forth in Section 10.23, in the event of any distribution (or deemed
distribution) of rights, options or warrants, or any Trigger Event or other
event (of the type described in the preceding sentence) with respect thereto
that was counted for purposes of calculating a distribution amount for which an
adjustment to the Conversion Rate under Section 10.06, Section 10.07,
Section 10.08, Section 10.09 or Section 10.10 was made
(including any adjustment contemplated in Section 10.23), (1) in the
case of any such rights, options or warrants that shall all have been redeemed
or repurchased without exercise by any holders thereof, the Conversion Rate
shall be readjusted upon such final redemption or repurchase to give effect to
such distribution or Trigger Event, as the case may be, as though it were a
Cash distribution, equal to the per share redemption or repurchase price
received by a holder or holders of Common Stock with respect to such rights,
options or warrants (assuming such holder had retained such rights, options or
warrants), made to all holders of Common Stock as of the date of such
redemption or repurchase, and (2) in the case of such rights, options or
warrants that shall have expired or been terminated without exercise by any
holders thereof, the Conversion Rate shall be readjusted as if such rights,
options and warrants had not been issued.

 

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

 

43

 

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

 

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

 

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

 

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

 

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

 

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

 

In the event the Company
shall execute a supplemental indenture pursuant to this Section 10.12, the
Company shall promptly file with the Trustee an Officers’ Certificate briefly
stating the reasons therefore, the kind or amount of cash, securities or
property or asset that will comprise the Reference Property after any such
Disposition Event, any adjustment to be made with respect thereto and that all
conditions precedent have been complied with, and shall promptly mail notice
thereof to all Noteholders.  The Company
shall cause notice of the execution of such supplemental indenture to be mailed
to each Noteholder, at its address appearing on the Register

 

44

 

provided for in this
Indenture, within 20 days after execution thereof.  Failure to deliver such notice shall not
affect the legality or validity of such supplemental indenture.

 

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

 

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

 

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

 

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

 

The following table sets
forth the stock price and number of make-whole shares of our common stock to be
added to the conversion rate per $1,000 principal amount of the notes:

 

45

 

	
  Effective

  	
   

  	
  Stock Price

  	
   

  
	
  Date

  	
   

  	
  $4.15

  	
   

  	
  $4.25

  	
   

  	
  $4.50

  	
   

  	
  $5.00

  	
   

  	
  $6.00

  	
   

  	
  $8.00

  	
   

  	
  $10.00

  	
   

  	
  $12.50

  	
   

  	
  $15.00

  	
   

  	
  $17.50

  	
   

  	
  $20.00

  	
   

  	
  $25.00

  	
   

  	
  $30.00

  	
   

  	
  $35.00

  	
   

  	
  $40.00

  	
   

  	
  $50.00

  	
   

  
	
  04/15/2009

  	
   

  	
  44.2587

  	
   

  	
  42.6889

  	
   

  	
  38.9362

  	
   

  	
  32.8178

  	
   

  	
  24.6846

  	
   

  	
  16.1268

  	
   

  	
  11.7457

  	
   

  	
  8.6265

  	
   

  	
  6.7115

  	
   

  	
  5.4057

  	
   

  	
  4.4591

  	
   

  	
  3.1751

  	
   

  	
  2.3486

  	
   

  	
  1.7768

  	
   

  	
  1.3621

  	
   

  	
  0.8121

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/15/2009

  	
   

  	
  44.2587

  	
   

  	
  41.8557

  	
   

  	
  37.8988

  	
   

  	
  31.6282

  	
   

  	
  23.4394

  	
   

  	
  15.0080

  	
   

  	
  10.8406

  	
   

  	
  7.9357

  	
   

  	
  6.1619

  	
   

  	
  4.9641

  	
   

  	
  4.0937

  	
   

  	
  2.9110

  	
   

  	
  2.1464

  	
   

  	
  1.6149

  	
   

  	
  1.2282

  	
   

  	
  0.7148

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/15/2010

  	
   

  	
  44.2587

  	
   

  	
  40.0773

  	
   

  	
  35.7428

  	
   

  	
  28.9663

  	
   

  	
  20.4353

  	
   

  	
  12.4327

  	
   

  	
  8.7957

  	
   

  	
  6.3987

  	
   

  	
  4.9787

  	
   

  	
  4.0226

  	
   

  	
  3.3268

  	
   

  	
  2.3757

  	
   

  	
  1.7550

  	
   

  	
  1.3203

  	
   

  	
  1.0020

  	
   

  	
  0.5756

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/15/2011

  	
   

  	
  44.2587

  	
   

  	
  39.5301

  	
   

  	
  33.3703

  	
   

  	
  25.6053

  	
   

  	
  16.3823

  	
   

  	
  9.0456

  	
   

  	
  6.2629

  	
   

  	
  4.5730

  	
   

  	
  3.5868

  	
   

  	
  2.9163

  	
   

  	
  2.4230

  	
   

  	
  1.7403

  	
   

  	
  1.2889

  	
   

  	
  0.9693

  	
   

  	
  0.7327

  	
   

  	
  0.4111

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/15/2012

  	
   

  	
  44.2587

  	
   

  	
  39.0595

  	
   

  	
  30.9434

  	
   

  	
  21.3292

  	
   

  	
  10.6819

  	
   

  	
  4.5652

  	
   

  	
  3.2731

  	
   

  	
  2.4423

  	
   

  	
  1.9343

  	
   

  	
  1.5790

  	
   

  	
  1.3140

  	
   

  	
  0.9435

  	
   

  	
  0.6967

  	
   

  	
  0.5205

  	
   

  	
  0.3886

  	
   

  	
  0.2061

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10/15/2013

  	
   

  	
  44.2587

  	
   

  	
  38.5889

  	
   

  	
  25.5170

  	
   

  	
  3.2948

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  	
  0.0000

  	
   

  

 

(d)           If
the exact Stock Price and Effective Date is not set forth in the table, then (i) if
the Stock Price is between two Stock Prices in the table or the Effective Date
is between two Effective Dates in the table, the Make-Whole Shares issued upon
conversion of the Notes will be determined by a straight-line interpolation
between the number of Make-Whole Shares set forth for the higher and lower
Stock Prices and/or the earlier and later Effective Dates in the table, as
applicable, based on a 365-day year, (ii) if the Stock Price is in excess
of $50.00 per share of Common Stock (subject to adjustment as set forth in Section 10.13(c)),
no Make-Whole Shares will be issued upon conversion of the Notes; and (iii) if
the Stock Price is less than $4.15 per share of Common Stock (subject to
adjustment as set forth in Section 10.13(c)), no Make-Whole Shares will be
issued upon conversion of the Notes.

 

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

 

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

 

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

 

46

 

required repurchases of
the Notes pursuant to Section 3.01, and on the Scheduled Trading Day prior
to the Maturity Date.

 

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

 

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

 

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

 

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

 

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

 

(f)    Notwithstanding anything in this Article 10
to the contrary, the Applicable Conversion Rate shall not exceed 240.9638 per
$1,000 principal amount of Notes, other than on account of adjustments to the
Conversion Rate in the manner set forth in Sections 10.06, 10.07, 10.08, 10.09
and 10.10.

 

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

 

Section 10.17.        Notice
of Certain Transactions.  If (a) the Company takes any action that
would require an adjustment in the Conversion Rate pursuant to Section 10.06,
10.07, 10.08, 10.09 or 10.10 (unless no adjustment is to occur pursuant to Section 10.14
or Section 10.15), (b) the Company takes any action that would
require a supplemental indenture pursuant to Section 10.12, or (c) there
is a liquidation or dissolution of the Company, then the Company shall send to
Noteholders and file with the Trustee and the Conversion Agent a written notice
stating the proposed Ex-Date for a dividend or distribution or the proposed
effective date of a subdivision, combination,

 

47

 

reclassification,
consolidation, merger, combination, sale or conveyance.  The Company shall file and send the notice at
least 15 days before such date.  Failure
to file or send the notice or any defect in it shall not affect the validity of
the transaction.

 

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

 

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

 

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

 

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

 

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

 

Section 10.23.        Rights
Issued in Respect of Common Stock Issued Upon Conversion.  Each share of Common Stock issued
upon conversion of Notes pursuant to this Article 10 shall be entitled

 

48

 

to receive the
appropriate number of rights (“Rights”),
if any, and the certificates representing Common Stock issued upon such
conversion shall bear such legends, if any, in each case as may be provided by
the terms of any rights plan (i.e., a poison pill) adopted by the Company, as
the same may be amended form time to time, is in effect, (in each case, a “Shareholders Rights Plan”).  Upon conversion of the Notes a Holder will
receive, in addition to any Common Stock received in connection with such
conversion, the Rights under the Shareholders Rights Plan, unless prior to any
conversion, the Rights have separated from Common Stock, in which case the
Applicable Conversion Rate will be adjusted at the time of separation as if the
Company distributed to all holders of Common Stock, shares of Company Capital
Stock, assets, debt securities or certain rights to purchase securities of the
Company as described in Section 10.08, subject to readjustment in the
event of the expiration, termination or redemption of such rights.  Any distribution of Rights pursuant to the
Shareholders Rights Plan that would allow a Holder to receive upon conversion,
in addition to shares of Common Stock, the Rights described therein (unless such
Rights have separated from Common Stock) shall not constitute a distribution of
Rights that would entitle the Holder to an adjustment to the Conversion Rate.

 

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

 

ARTICLE 11

 

REDEMPTION

 

Section 11.01.        Right to
Redeem; Notices to Trustee.

 

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

 

(b)   The redemption price at which the Notes are
redeemable (the “Redemption Price”)
shall be equal to (i) 100% of the principal of Notes to be redeemed, plus (ii) accrued
and unpaid interest (including Additional Interest), if any, to, but excluding,
the Redemption Date, plus (iii) the Make-Whole Premium; provided, however,
that if the Redemption Date is after a Regular Record Date and prior to the
Interest Payment Date to which it relates, then the accrued and unpaid
interest, if any, to, but excluding, the Redemption Date, shall be paid on such
Interest Payment Date to the holders of record of such Notes on the applicable
Regular Record Date instead of the holders surrendering such Notes for
redemption on the Redemption Date (and in this circumstance, the Make-Whole
Premium shall be calculated based on the present values of the remaining
scheduled

 

49

 

payments of interest on
such Notes, starting with the next Interest Payment Date for which interest has
not been provided for herein).  The
Trustee shall have no duty to determine or calculate the Make-Whole Premium,
which shall be determined by the Company in accordance with the provisions of
this Indenture, and the Trustee shall not be under any responsibility to
determine the correctness of any such determination and/or calculation and may
conclusively rely on the correctness thereof.

 

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

 

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

 

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

 

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

 

(f)    Any issuance of shares of Common Stock in
respect of the Make-Whole Premium shall be deemed to have been effected
immediately prior to the Close of Business on the Redemption Date and the
Person or Persons in whose name or names any stock certificate or stock
certificates representing shares of Common Stock shall be issuable upon such redemption
shall be deemed to have become on the Redemption Date the holder or holders of
record of the shares represented thereby; provided,
however, that any surrender for
redemption on a date when the stock transfer books of the Company shall be
closed shall constitute the Person or Persons in whose name or names the stock
certificate or stock certificates representing such shares are to be issued as
the

 

50

 

holder or holders of
record of the shares represented thereby for all purposes at the opening of
business on the next succeeding day on which such stock transfer books are
open. No payment or adjustment shall be made for dividends or distributions on
any Common Stock declared prior to the Redemption Date.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

51

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(ii)   the Redemption Price;

 

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

 

52

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

53

 

given to all Holders of
Notes to be redeemed or (ii) register the transfer of or exchange any
Notes so selected for redemption, in whole or in part, except the unredeemed
portion of any Notes being redeemed in part.

 

ARTICLE 12

 

Payment of Interest

 

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

 

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

 

(a)          The Company may elect to make payment of any Defaulted
Interest to the persons in whose names the Notes are registered at the Close of
Business on a Special Record Date for the payment of such Defaulted Interest,
which shall be fixed in the following manner. 
The Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each Note and the date of the
proposed payment (which shall not be less than 20 days after such notice is
received by the Trustee), and at the same time the Company shall deposit with
the Trustee an amount of money equal to the aggregate amount proposed to be
paid in respect of such Defaulted Interest or shall make arrangements
satisfactory to the Trustee for such deposit on or prior to the date of the
proposed payment, such money when deposited to be held in trust for the benefit
of the persons entitled to such Defaulted Interest as in this clause provided.  Thereupon the Trustee shall fix a special
record date for the payment of such Defaulted Interest which shall be not more
than 20 days and not less than 15 days prior to the date of the proposed
payment and not less than 10 days (or such shorter period as is acceptable to
the Trustee) after the receipt by the Trustee of the notice of the proposed
payment (the “Special Record Date”).  The Trustee shall promptly notify the 

 

54

 

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

 

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

 

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

 

ARTICLE 13

 

Miscellaneous

 

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

 

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

 

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

 

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

 

55

 

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

 

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

 

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

 

if to the Company:

 

Micron Technology, Inc.

8000 South Federal Way

Boise, Idaho 83716

Attention: General Counsel

Tel: (208) 368-4000

Fax: (208)
368-4540

 

with a copy to:

 

Wilson Sonsini Goodrich & Rosati

Professional Corporation

650 Page Mill Road

Palo Alto, California 94304

Attention: John A. Fore

Tel: (650) 493-9300

Fax: (650)
493-6811

 

56

 

if to the Trustee:

 

Wells Fargo Bank, National Association

Corporate Trust Services

625 Marquette Avenue South

MAC N9311-110

Minneapolis, Minnesota 55479

Attention: 
Micron Account Manager

Tel: (800) 344-5128

Fax: (612)
667-9825

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

57

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 13.09.                       Governing Law.  THIS INDENTURE AND EACH NOTE
SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK,
AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

 

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

 

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

 

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

 

58

 

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

 

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

 

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

 

[Remainder of page intentionally
left blank].

 

59

 

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

 

	
   

  	
  MICRON
  TECHNOLOGY, INC., as Issuer

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/
  Ronald C. Foster

  
	
   

  	
   

  	
  Name:
  

  	
  Ronald
  C. Foster

  
	
   

  	
   

  	
  Title:
  

  	
  Vice
  President of Finance and

  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/
  Lynn M. Steiner

  
	
   

  	
   

  	
  Name:
  

  	
  Lynn
  M. Steiner

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

60

 

EXHIBIT A

 

[FACE OF NOTE]

 

Micron Technology, Inc.

 

4.25% Convertible Senior Note due October 15, 2013

 

No. [  ]

 

CUSIP 595112 AJ 2

 

ISIN US595112 AJ 29

 

Micron Technology, Inc.,
a Delaware corporation (the “Company,”
which term includes any successor under the Indenture hereinafter referred to),
for value received, promises to pay to Cede & Co. or its registered
assigns, the principal sum of
                
 Dollars ($                  )
[(which principal amount may from time to time be increased or decreased to
such other principal amounts (which, taken together with the principal amounts
of all other outstanding Notes, shall not exceed $230,000,000) by adjustments
made by the Trustee as set forth on Schedule I hereto)]* on October 15,
2013.

 

Initial Interest Rate:
4.25% per annum.

 

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

 

Regular Record Dates: April 1
and October  1.

 

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

 

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

 

A-1

 

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

 

	
  Date: April 15,
  2009

  	
  MICRON TECHNOLOGY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

(Form of Trustee’s Certificate of Authentication)

 

This is one of the 4.25%
Convertible Senior Notes due October 15, 2013 described in the Indenture
referred to in this Note.

 

	
   

  	
  WELLS FARGO BANK,
  NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  

 

A-2

 

[REVERSE SIDE OF NOTE]

 

Micron Technology, Inc.

 

4.25% Convertible Senior Note due October 15, 2013

 

1.     Principal
and Interest.

 

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

 

The Company promises to
pay interest on the principal amount of this Note on each Interest Payment
Date, as set forth on the face of this Note, at the rate of 4.25% per annum.

 

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

 

Interest on this Note
will accrue from the most recent date to which interest has been paid or
provided for on this Note or the Note surrendered in exchange for this Note or,
if no interest has been paid, from April 15, 2009, through the day before
each Interest Payment Date.  Interest
will be computed in the basis of a 360-day year of twelve 30-day months.

 

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

 

The Company will pay
interest on overdue principal, premium, if any, and, to the extent lawful,
interest at a rate per annum that is 1% in excess of 4.25%.  Defaulted Interest shall be paid to the
Persons that are Holders on a Special Record Date, which will established as
set forth in the Indenture.

 

2.     Method
of Payment.

 

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

 

3.     Paying
Agent, Conversion Agent and Registrar.

 

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

 

A-3

 

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

 

4.     Indenture.

 

This is one of the Notes
issued under an Indenture dated as of April 15, 2009 (as amended from time
to time, the “Indenture”), between
the Company and Wells Fargo Bank, National Association, as Trustee.  Capitalized terms used herein are used as
defined in the Indenture unless otherwise indicated.  The terms of the Notes include those stated
in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act.  The Notes are subject to
all such terms, and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of all such terms.  To the extent permitted by applicable law, in
the event of any inconsistency between the terms of this Note and the terms of
the Indenture, the terms of the Indenture will control.  The Notes are general unsecured obligations
of the Company.

 

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

 

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

 

6.     Redemption at the Option of
the Company.

 

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

 

7.     Conversion.

 

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

 

A-4

 

8.     Defaults
and Remedies.

 

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

 

9.     Amendment
and Waiver.

 

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

 

10.   Registered
Form; Denominations; Transfer; Exchange.

 

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

 

11.   Persons
Deemed Owners.

 

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

 

12.   Unclaimed
Money or Notes.

 

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

 

A-5

 

13.   Trustee
Dealings with the Company.

 

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

 

14.   No
Recourse Against Others.

 

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

 

15.   Authentication.

 

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

 

16.   Governing
Law.

 

THE INDENTURE AND THE
NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW
YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK.

 

17.   Abbreviations.

 

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

 

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

 

A-6

 

[FORM OF TRANSFER NOTICE]

 

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

 

Insert Taxpayer
Identification No.

 

____________________________________________________________________________________________________________

 

____________________________________________________________________________________________________________

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

 

____________________________________________________________________________________________________________

 

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

 

____________________________________________________________________________________________________________

 

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

 

	
   

  	
  Your Signature:

  
	
   

  	
   

  
	
  Date:

  	
   

  
	
   

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

  

 

*Signature guaranteed by:

 

By:

 

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

 

A-7

 

Micron Technology, Inc.

8000 South Federal Way

Boise, Idaho  83716

Attention:  General Counsel

Fax:  (208) 368-4540

 

Wells Fargo Bank,
National Association

Corporate Trust Services

625 Marquette Avenue
South

MAC N9311-110

Minneapolis,
Minnesota  55479

Attention:  Micron Account Manager

Fax:  (612) 667-9825

 

CONVERSION NOTICE

 

To convert this Note,
check the box: o

 

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

 

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

 

____________________________________________________________________________________________________________

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

____________________________________________________________________________________________________________

 

____________________________________________________________________________________________________________

 

____________________________________________________________________________________________________________

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

 

and irrevocably appoint

____________________________________________________________________________________________________________

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

 

	
   

  	
  Your Signature:

  
	
   

  	
   

  
	
  Date:

  	
   

  
	
   

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

  

 

A-8

 

*Signature
guaranteed by:

 

By:

 

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

 

A-9

 

Schedule I*

 

No. [    ]

 

The initial principal
amount of this Global Note is $230,000,000.

 

	
  Date

  	
   

  	
  Principal
  Amount of this

  Global Note

  	
   

  	
  Notation
  Explaining

  Change in Principal

  Amount

  	
   

  	
  Authorized
  Signature of

  Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

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

 

A-10

 

EXHIBIT B

 

DTC LEGEND

 

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

 

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

 

B-1Exhibit 10.1

 

	
  

  	
   

  	
   

  

 

Interim Services Agreement

 

April 9,
2009

 

Mr. Tim
Newkirk

President
and Chief Executive Officer

MGP
Ingredients, Inc.

Cray
Business Plaza,

100
Commercial Street 

Atchison, Kansas 66002-0130

 

Dear
Tim:

 

Tatum,
LLC (“Tatum,” “we,” “us” or “our”) is pleased that MGP Ingredients, Inc. (“Company,”
“you” or “your”) has selected us to provide you with outsourced interim
services.  The services (the “Services”)
and fees will be more particularly described on the Schedule attached hereto
and will be provided by the individual resource (the “Tatum Resource”)
identified on such Schedule.  Schedules
for additional Tatum Resources may be added from time to time upon the mutual
written agreement of the parties.  In
addition, upon the request of the Company and the execution of an additional
Schedule to this agreement, Tatum will provide search Services to the Company,
all as more particularly described on such Schedule.

 

Engagement.  The Tatum Resource will be one of Tatum’s
employees or members, and we will be solely responsible for determining the
conditions, terms and payment of compensation and benefits for the Tatum
Resource.  You will be solely responsible
for providing the Tatum Resource day-to-day guidance, supervision, direction,
assistance and other information necessary for the successful and timely
completion of the Services.  Tatum will
have no oversight, control, or authority over the Tatum Resource with respect
to the Services.  The Company
acknowledges that it is solely responsible for the sufficiency of the Services
for its purposes.  The Company will
designate a management-level individual to be responsible for overseeing the
Services, and the Tatum Resource will report directly to such individual with
respect to the provision of the Services. 
Unless the Tatum Resource is acting as an executive officer of the
Company and is authorized by the Company to make such decision, the Company
will not permit or require the Tatum Resource to be the ultimate decision
making authority for any material decision relating to your business,
including, without limitation, any proposed merger, acquisition,
recapitalization, financial strategy or restructuring.

 

Fees
and Expenses.  You will pay us the fees set forth on the
applicable Schedule.  In addition, you
will reimburse Tatum directly for all travel and out-of-pocket expenses
incurred in connection with this agreement (including any Schedules).

 

Payment Terms. Payments to Tatum should be made upon receipt of
invoice by electronic transfer in accordance with the instructions set forth
below or such alternative instructions as provided by us from time to
time.  Any amounts not paid when due may
be subject to a periodic service charge equal to the lesser of 1.5% per month
and the maximum amount allowed under applicable law, until such amounts are
paid in full, including assessed service charges.  In lieu of terminating this agreement, we may
suspend the provision of any Services if amounts owed are not paid in accordance
with the terms of this agreement.

 

Bank
Name:  Wells Fargo, N.A.

Branch:  San Francisco

Account
Name:  Tatum, LLC

 

 

Account
Number:  4121546642

Routing
Number for ACH Payments:  121000248

Swift
Code:  WFBIUS6S

Please
reference Company name in the body of the payment.

 

Effective Date and Termination.  This
agreement will be effective as of the earlier of (i) the date Tatum begins
providing Services to the Company, or (ii) April 20, 2009.  Either party may
terminate this agreement or any Schedule effective immediately upon written
notice to the other party.

 

Hiring the Tatum Resource Outside of a Tatum Agreement.  During the time frame in which the Tatum
Resource is providing Services to the Company and for a period of 12-months
thereafter, other than in connection with this agreement or another Tatum
agreement, the Company agrees that it will not nor will its subsidiaries or
affiliates employ such Tatum Resource, or engage such Tatum Resource as an
independent contractor.  The parties
recognize and agree that a breach by the Company or its subsidiaries or
affiliates of this provision would result in the loss to Tatum of the Tatum
Resource’s valuable expertise and revenue potential and that such injury will
be impossible or very difficult to ascertain. 
Therefore, in the event this provision is breached, the Company will pay
Tatum liquidated damages in an amount equal to 50% of Tatum’s Annualized Fees
(as defined below), which amount the parties agree is reasonably proportionate
to the probable loss to Tatum and is not intended as a penalty.  If a court or arbitrator determines that
liquidated damages are not appropriate for such breach, Tatum will have the
right to seek actual damages and/or injunctive relief.  “Annualized Fees” means the equivalent of
what Tatum would receive under this agreement for the Tatum Resource on a
full-time annual basis plus the maximum amount of any bonus for which
Tatum was eligible with respect to the then-current bonus year for the Tatum
Resource.

 

Warranties and Disclaimers.  We disclaim all representations and warranties,
whether express, implied or statutory, including, but not limited to any
warranties of quality, performance, merchantability, or fitness of use or
purpose.  Without limiting the foregoing,
we make no representation or warranty with respect to the Tatum Resource or the
Services provided hereunder, and we will
not be responsible for any action taken by you in following or declining to
follow any of the Tatum Resource’s advice or recommendations.  The Services provided by Tatum and the Tatum
Resource hereunder are for the sole benefit of the Company and not any unnamed
third parties.  The Services will
not constitute an audit, review, opinion, or compilation, or any other type of
financial statement reporting or attestation engagement that is subject to the rules of
the AICPA or other similar state or national professional bodies or laws and
will not result in an opinion or any form of assurance on internal controls.

 

Limitation of Liability; Indemnity.

 

(a)           Tatum’s liability in
any and all categories and for any and all causes arising under this agreement,
whether based in contract, tort, negligence, strict liability or otherwise,
will, in the aggregate, not exceed the actual fees paid by you to us over the
previous two months’ of the agreement with respect to the Tatum Resource from
whom the liability arises.  In no event
will we be liable for incidental, consequential, punitive, indirect or special
damages, including, without limitation, interruption or loss of business,
profit or goodwill.  As a condition for
recovery of any liability, you must assert any claim against us within three
months after discovery or 60 days after the termination or expiration of the
applicable Schedule under which the liability arises, whichever is earlier.

 

(b)           You agree to
indemnify us and the Tatum Resource to the full extent permitted by law for any
losses, costs, damages, and expenses (including reasonable attorneys’ fees), as
they are incurred, in connection with any cause of action, suit, or other
proceeding arising in connection with the Tatum Resource’s services to you.

 

 

Insurance.

 

If the Tatum Resource is serving as an officer or executive
of the Company, the Company will provide Tatum and the Tatum Resource with
written evidence that the Company maintains directors’ and officers’ insurance
covering the Tatum Resource in an amount reasonably acceptable to the Tatum at
no additional cost to the Tatum Resource, and the Company will maintain such
insurance at all times while this agreement remains in effect.  Furthermore, the Company will maintain such
insurance coverage with respect to occurrences arising during the term of this
agreement for at least five years following the termination or expiration of
the applicable Schedule or will purchase a directors’ and officers’ extended
reporting period or “tail” policy to cover the Tatum Resource for such five
year time period.

 

The
Company acknowledges to Tatum and the Tatum Resources that, as of the date of
this agreement, it is in a highly stressed financial condition, having suffered
extensive losses, negative EBITDA, and insufficient cash-flow.  As a result, the Company has been given
limited credit availability by its lenders, strict covenants with which to
comply, and a limited time table for repayment in order not to be in
default.  The company has hired advisers
and counsel to consider all possible financial and organizational options.  Although the Tatum Resources will endeavor to
assist the Company in finding alternatives, Tatum and the Tatum Resources offer
no assurances that the Company can otherwise be restructured or that the
Company’s distressed condition can be reversed.

 

Governing Law, Arbitration
and Witness Fees.

 

(a)           This agreement will be governed by and construed in
accordance with the laws of the State of New York, without regard to conflicts
of laws provisions.

 

(b)           If the parties are unable to resolve any dispute arising
out of or in connection with this agreement, the parties agree and stipulate
that any such disputes will be settled by binding arbitration in accordance
with the Commercial Arbitration Rules of the American Arbitration
Association (“AAA”).  The arbitration
will be conducted in the New York, NY office of the AAA by a single arbitrator
selected by the parties according to the rules of the AAA, and the
decision of the arbitrator will be final and binding on both parties.  In the event that the parties fail to agree
on the selection of the arbitrator within 30 days after either party’s request
for arbitration under this Section, the arbitrator will be chosen by the
AAA.  The arbitrator may in his or her
discretion order documentary discovery but will not allow depositions without a
showing of compelling need.  The arbitrator
will render his or her decision within 90 days after the call for arbitration.  Judgment on the award of the arbitrator may
be entered in and enforced by any court of competent jurisdiction.  The arbitrator will have no authority to
award damages in excess or in contravention of this agreement and may not amend
or disregard any provision of this agreement, including this section.  Notwithstanding the foregoing, either party
may seek appropriate injunctive relief from any court of competent
jurisdiction, and Tatum may pursue payment of undisputed amounts through any
court of competent jurisdiction.

 

(c)           In the event any member or employee of Tatum (including,
without limitation, any Tatum Resource) is requested or authorized by you or is
required by government regulation, subpoena, or other legal process to produce
documents or appear as witnesses in connection with any action, suit or other
proceeding initiated by a third party against you or by you against a third
party, you will, so long as Tatum is not a party to the proceeding in which the
information is sought, reimburse Tatum for its member’s or employee’s
professional time (based on customary rates) and expenses, as well as the fees
and expenses of its counsel, incurred in responding to such requests.

 

Miscellaneous.

 

(a)           This agreement together with all Schedules constitutes the
entire agreement between the parties with regard to the subject matter hereof
and supersedes any and all agreements, whether oral or written, between the
parties with respect to its subject matter. 
No amendment or modification to this agreement will be valid unless in
writing and signed by both parties.

 

 

(b)           If any portion of this agreement is found to be invalid or
unenforceable, such provision will be deemed severable from the remainder of
this agreement and will not cause the invalidity or unenforceability of the
remainder of this agreement, except to the extent that the severed provision
deprives either party of a substantial portion of its bargain.

 

(c)           Neither party will be deemed to have waived any rights or
remedies accruing under this agreement unless such waiver is in writing and
signed by the party electing to waive the right or remedy.  The waiver by any party of a breach or
violation of any provision of this agreement will not operate or be construed
as a waiver of any subsequent breach of such provision or any other provision
of this agreement.

 

(d)           Neither party will be liable for any delay or failure to
perform under this agreement (other than with respect to payment obligations)
to the extent such delay or failure is a result of an act of God, war,
earthquake, civil disobedience, court order, labor dispute, or other cause
beyond such party’s reasonable control.

 

(e)           You may not assign your rights or obligations under this
agreement without the express written consent of Tatum.  Nothing in this agreement will confer any
rights upon any person or entity other than the parties hereto and their
respective successors and permitted assigns and the Tatum Resources.

 

(f)            The expiration or termination of this agreement or any
Schedule will not destroy or diminish the binding force and effect of any of
the provisions of this agreement or any Schedule that expressly, or by
reasonable implication, come into or continue in effect on or after such
expiration or termination, including, without limitation, provisions relating
to payment of fees and expenses (including witness fees and expenses and
liquidated damage fees), governing law, arbitration, limitation of liability
and indemnity.

 

(g)           You agree to reimburse Tatum for all costs and expenses incurred
by Tatum in enforcing collection of any monies due under this agreement,
including, without limitation, reasonable attorneys’ fees, court costs and
arbitration fees.

 

(h)           You agree to allow us to use the Company’s logo and name
on Tatum’s website and other marketing materials for the sole purpose of
identifying the Company as a client of Tatum. 
Tatum will not use the Company’s logo or name in any press release or
general circulation advertisement without the Company’s prior written consent.

 

We
appreciate the opportunity to serve you and believe this agreement accurately
reflects our mutual understanding of the terms upon which the Services will be
provided.  We would be pleased to discuss
this agreement with you at your convenience. 
If the foregoing is in accordance with your understanding, please sign a
copy of this agreement and return it to my attention.

 

Sincerely,

 

	
  Tatum, LLC

  	
   

  
	
   

  	
   

  
	
  /s/
  Dirk B. Landis

  	
   

  
	
   

  	
   

  
	
  Dirk
  B. Landis

  	
   

  
	
  Senior
  Managing Partner- Chicago

  	
   

  

 

 

Accepted
and agreed:

 

 

	
  MGP
  Ingredients, Inc.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Tim Newkirk

  	
   

  
	
  Name:

  	
  Tim
  Newkirk

  	
   

  
	
  Title:

  	
  President and Chief Executive Officer

  	
   

  
	
  Date:

  	
  April 14,
  2009

  	
   

  

 

 

 

Schedule to Interim Services
Agreement

 

This Schedule is entered
into in connection with that certain Interim Services Agreement, dated April 9,
2009 (the “Agreement”), by and between Tatum, LLC (“Tatum,” “we,” “us” or “our”)
and MGP Ingredients, Inc. (“Company,” “you” or “your”) and will be
governed by the terms and conditions of the Agreement.

 

Tatum
Resource Name: David Harbert

 

Service
Description or Position:  Chief Financial Officer

 

Company
Supervisor:  The Company’s Chief
Executive Officer and the Chair of the Company’s Audit Committee

 

Start Date: (April 20, 2009)

 

Minimum Term: Three Months

 

Replacement:  If you are dissatisfied with the Services
provided by the Tatum Resource, we will immediately remove the Tatum Resource
and endeavor to furnish a replacement as soon as reasonably practical.  We do not guarantee that we will be able to
find a suitable replacement.  If you
notify us of your dissatisfaction with the Services provided by the Tatum
Resource prior to the conclusion of the Tatum Resource’s third day of work, we
will not charge you for the first 16 hours worked by the Tatum Resource.

 

Fees:  The Company
will pay to Tatum a fee of $44,000 per month (the “Monthly Fee”) plus $300 per
hour for each hour in excess of  50 hours
worked per week  (“Intense Hours Fee”).  The Monthly Fee will be prorated for the first and final
fee period based on the number of days in such period. The parties acknowledge
and agree that the fees set forth above are based upon this Schedule having the
Minimum Term set forth above.  In the
event you terminate this Schedule prior to the expiration of the Minimum Term
other than for the Tatum Resource’s material failure to perform the obligations
of his or her position with the Company, provided the Tatum Resource fails to
cure such breach within 10 days after receipt of written notice of such breach,
you agree that the fees will be retroactively increased to $3,000 per day
worked.  You agree to pay to Tatum upon
the termination of this Schedule a lump sum amount equal to the difference
between the fees actually paid and the fees that should have been paid taking
into account the retroactive adjustment.

 

Billings:  Tatum will bill for Services
in advance of the provision of Services as follows:

 

Upon
Execution of Agreement:  An amount
sufficient to pay the Monthly Fee from the Start Date through May 15.

 

On
the 5th and 20th day of each
month:  Monthly Fee payments in the
amount of $22,000
..

 

On a weekly basis the Tatum Resource
will report hours worked in excess of 50 to a person designated by the
Company.  Intensive Hours Fees will be
invoiced semi-monthly and paid within 5 days of receipt of invoice.

 

If necessary, Tatum will true up
advance billings with the next subsequent billing.

 

 

Expenses will either be reimbursed
to the Tatum Resource directly by the Company or they will be invoiced
separately on a semi-monthly basis and paid within 5 days of receipt of
invoice.

 

In
the event of a conflict between the terms and conditions of this Schedule and
the Agreement, the terms and conditions of the Agreement will control.

 

	
  Tatum, LLC

  	
   

  	
  MGP Ingredients, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Dirk B. Landis

  	
   

  	
  By:

  	
  /s/
  Timothy W. Newkirk

  
	
  Name:

  	
  Dirk
  B. Landis

  	
   

  	
  Name:

  	
  Timothy
  W. Newkirk

  
	
  Title:

  	
  Senior
  Managing Partner- Chicago

  	
   

  	
  Title:

  	
  President &
  CEO

  
	
  Date:

  	
  4-10-09

  	
   

  	
  Date:

  	
  4-14-09

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]