Document:

Exhibit 10.4

 

 

JOINDER TO AND AMENDMENT
OF INVESTORS' RIGHTS AGREEMENT

This JOINDER TO AND AMENDMENT OF
INVESTORS' RIGHTS AGREEMENT dated as of May 27, 2005 is made by and among
PATRIOT CAPITAL, L.P., a Delaware limited partnership (the "Additional
Investor"), PETRA MEZZANINE FUND, L.P., a Delaware limited partnership
("Petra"), LADDCAP VALUE PARTNERS L.P., a Delaware limited partnership
("Laddcap"), HOME SOLUTIONS OF AMERICA, INC., a Delaware corporation
(the "Company") and FRANK J. FRADELLA and RICK J. O'BRIEN (collectively, the
"Management Stockholders").  The Company, Petra and the Management Stockholders
are parties to an Investors' Rights Agreement dated as of March 31, 2005 (as amended, restated, modified, substituted,
extended and renewed from time to time, the "Investors' Rights
Agreement") and wish to provide for the Additional Investor to become party
thereto and amend certain terms and provisions of that Investors' Rights
Agreement.  Accordingly, the parties hereto hereby agree as follows:

1. Except as otherwise defined herein, terms defined in
the Investors' Rights Agreement are used herein as defined therein.

2. The Additional Investor is hereby (a) deemed to be a
party to the Investors' Rights Agreement and (b) granted the rights of and
bound in all respects by the terms of the Investors' Rights Agreement, as an
Investor thereunder.

3. This Joinder Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware.

5. The Investors' Rights Agreement is amended and modified
as follows:

(a)               Clause (i) of the defined term "Registrable Securities" is hereby
amended by adding the phrase "the Warrants, the Additional Warrants and" at the
beginning of that clause (i) and immediately before the phrase "the Common
Stock."

(b)              
All references to "Major Stockholder" are hereby deleted and replaced
with "Management Stockholder."

(c)               Section 5.2 is hereby deleted in its entirety and replaced with the
following:

 

5.2 Amendments and Waivers. 
Except as otherwise provided herein, any term of this Agreement may be amended
and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the holders of
not less than seventy percent (70%) of the outstanding shares of Registrable
Securities; provided, however, that Section 3 may only be amended with the
consent of the Company, the holders of not less than seventy percent (70%) of
the outstanding shares of Registrable Securities and the holders of a majority
of the outstanding shares of Common Stock held by the Management Stockholders. 
Any amendment or waiver effected in accordance with this Section shall be
binding upon any Person who is granted certain rights under this Agreement and
the Company.

5. This Joinder Agreement may be executed in any number of
counterparts, including counterparts transmitted by telecopier or telefax, and
by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and both of which taken together
shall constitute one and the same agreement.  

[Signatures Begin on
Next Page]

 

 

 

 

 

 

 

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COMPANY'S SIGNATURE
PAGE TO JOINDER AGREEMENT

            IN WITNESS WHEREOF, the Company has executed this Joinder
Agreement as of the date first above written.

THE COMPANY:

HOME SOLUTIONS OF AMERICA, INC.

By        ____________________________

             Rick
J. O'Brien,

            
Chief Financial Officer

 

 

 

 

 

3

 

PETRA'S SIGNATURE
PAGE TO JOINDER AGREEMENT

            IN WITNESS WHEREOF, Petra has executed this Joinder Agreement
as of the date first above written.

PETRA:

                                                                        PETRA MEZZANINE FUND, L.P.

                                                                        By: 
     Petra Partners, LLC,

                                                                                    its General
Partner

                                                                                    By:       ____________________

                                                                                                Michael W. Blackburn,

                                                                                                Managing
Member

 

 

 

 

4

 

LADDCAP'S SIGNATURE
PAGE TO JOINDER AGREEMENT

              IN WITNESS WHEREOF, Laddcap has executed this Joinder
Agreement as of the date first above written.

LADDCAP:

                                                            LADDCAP
VALUE PARTNERS L.P.

                                                                        By:                                                      

                                                                                    Robert
B. Ladd

                                                                                    Managing
Partner

 

 

 

 

 

5

 

MANAGEMENT
STOCKHOLDERS' SIGNATURE PAGE TO JOINDER AGREEMENT

            IN WITNESS WHEREOF, each of the Management Stockholders
has executed this Joinder Agreement as of the date first above written.

____________________________

FRANK J. FRADELLA

____________________________

RICK J. O'BRIEN

 

 

 

 

 

 

 

6

 

ADDITIONAL INVESTOR'S
SIGNATURE PAGE TO JOINDER AGREEMENT

            IN WITNESS WHEREOF, the Additional Investor has executed
this Joinder Agreement as of the date first above written.

ADDITIONAL INVESTOR:

PATRIOT
CAPITAL, L.P.

                                                                        By:
      Patriot Capital, LLC,

                                                                                    its general
partner

                                                                        By:       _______________________(SEAL)

                                                                                               Charles P.
McCusker,

                                                                                                Managing
Member

 

 

 

 

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Exhibit 4.1    
    

        COMPUCREDIT CORPORATION  

 3.625% Convertible Senior Notes Due 2025  

 INDENTURE  

 Dated as of May 27, 2005  

 WACHOVIA BANK, NATIONAL ASSOCIATION  

 TRUSTEE  

  
 

    Cross-Reference Table1    
    

	Trust Indenture Act Section
 
	 	Indenture Section
	 
	310	(a)(1)	7.10	 
	 	(a)(2)	7.10	 
	 	(a)(3)	N.A.	 
	 	(a)(4)	N.A.	 
	 	(a)(5)	N.A.	 
	 	(b)	7.08, 7.10	 
	 	(c)	N.A.	 
	311	(a)	7.11	 
	 	(b)	7.11	 
	 	(c)	N.A.	 
	312	(a)	2.05	 
	 	(b)	12.03	 
	 	(c)	12.03	 
	313	(a)	7.06	 
	 	(b)(1)	7.06	 
	 	(b)(2)	7.06	 
	 	(c)	12.02	 
	 	(d)	7.06	 
	314	(a)	4.02	 
	 	(b)	N.A.	 
	 	(c)(1)	12.04	 
	 	(c)(2)	12.04	 
	 	(c)(3)	N.A.	 
	 	(d)	N.A.	 
	 	(e)	12.05	 
	 	(f)	4.04	 
	315	(a)	7.01	(a)
	 	(b)	7.05	 
	 	(c)	7.01	 
	 	(d)	7.01	(c)
	 	(e)	6.11	 
	316	(a)(1)(A)	6.05	 
	 	(a)(1)(B)	6.04	 
	 	(a)(2)	N.A.	 
	 	(b)	6.07	 
	 	(c)	1.05	(e)
	317	(a)(1)	6.08	 
	 	(a)(2)	6.09	 
	 	(b)	2.04	 
	318	(a)	12.01	 

        N.A. means not applicable. 

  

 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 	PAGE

	

ARTICLE 1

Definitions and Incorporation by Reference
	

Section 1.01.	
 	
Definitions	
 	

1
	Section 1.02.	 	Other Definitions	 	8
	Section 1.03.	 	Incorporation By Reference Of Trust Indenture Act	 	9
	Section 1.04.	 	Rules of Construction	 	10
	Section 1.05.	 	Acts of Holders	 	10
	

ARTICLE 2

The Securities
	

Section 2.01.	
 	
Form and Dating	
 	

11
	Section 2.02.	 	Execution and Authentication	 	12
	Section 2.03.	 	Registrar, Paying Agent and Conversion Agent	 	13
	Section 2.04.	 	Paying Agent to Hold Money and Securities in Trust	 	13
	Section 2.05.	 	Securityholder Lists	 	14
	Section 2.06.	 	Transfer and Exchange	 	14
	Section 2.07.	 	Replacement Securities	 	15
	Section 2.08.	 	Outstanding Securities; Determinations of Holders' Action	 	16
	Section 2.09.	 	Temporary Securities	 	17
	Section 2.10.	 	Cancellation	 	17
	Section 2.11.	 	Persons Deemed Owners	 	17
	Section 2.12.	 	Global Securities	 	18
	Section 2.13.	 	CUSIP Numbers	 	23
	Section 2.14.	 	Contingent Debt Tax Treatment	 	23
	Section 2.15.	 	Calculation of Tax Original Issue Discount	 	24
	

ARTICLE 3

Redemption and Repurchases
	

Section 3.01.	
 	
Company's Right to Redeem; Make Whole Premium; Notices to Trustee	
 	

24
	Section 3.02.	 	Selection of Securities to Be Redeemed	 	24
	Section 3.03.	 	Notice of Redemption	 	25
	Section 3.04.	 	Effect of Notice of Redemption	 	26
	Section 3.05.	 	Deposit of Redemption Price	 	26
	Section 3.06.	 	Securities Redeemed in Part	 	26
	Section 3.07.	 	Repurchase of Securities by the Company at Option of the Holder	 	26
	Section 3.08.	 	Repurchase of Securities at Option of the Holder Upon a Fundamental Change	 	29
	Section 3.09.	 	Effect of Repurchase Notice or Fundamental Change Repurchase Notice	 	31
	Section 3.10.	 	Deposit of Repurchase Price or Fundamental Change Repurchase Price	 	32
	Section 3.11.	 	Securities Purchased in Part	 	33
	Section 3.12.	 	Covenant to Comply with Securities Laws upon Purchase of Securities	 	33
	Section 3.13.	 	Repayment to the Company	 	33
	

ARTICLE 4

Covenants
	

Section 4.01.	
 	
Payment of Securities	
 	

33
	Section 4.02.	 	SEC and Other Reports	 	33
	Section 4.03.	 	Compliance Certificate	 	34
	Section 4.04.	 	Further Instruments and Acts	 	34
	 	 	 	 	 

i

 

	Section 4.05.	 	Maintenance of Office or Agency	 	34
	Section 4.06.	 	Delivery of Certain Information	 	35
	Section 4.07.	 	Liquidated Damages Notice	 	35
	

ARTICLE 5

Successor Person
	

Section 5.01.	
 	
When Company May Merge or Transfer Assets	
 	

35
	

ARTICLE 6

Defaults and Remedies
	

Section 6.01.	
 	
Events of Default	
 	

36
	Section 6.02.	 	Acceleration	 	38
	Section 6.03.	 	Other Remedies	 	38
	Section 6.04.	 	Waiver of Past Defaults	 	38
	Section 6.05.	 	Control by Majority	 	39
	Section 6.06.	 	Limitation on Suits	 	39
	Section 6.07.	 	Rights of Holders to Receive Payment	 	39
	Section 6.08.	 	Collection Suit by Trustee	 	40
	Section 6.09.	 	Trustee May File Proofs of Claim	 	40
	Section 6.10.	 	Priorities	 	41
	Section 6.11.	 	Undertaking for Costs	 	41
	Section 6.12.	 	Waiver of Stay, Extension or Usury Laws	 	41
	

ARTICLE 7

Trustee
	

Section 7.01.	
 	
Duties of Trustee	
 	

42
	Section 7.02.	 	Rights of Trustee	 	43
	Section 7.03.	 	Individual Rights of Trustee	 	44
	Section 7.04.	 	Trustee's Disclaimer	 	44
	Section 7.05.	 	Notice of Defaults	 	45
	Section 7.06.	 	Reports by Trustee to Holders	 	45
	Section 7.07.	 	Compensation and Indemnity	 	45
	Section 7.08.	 	Replacement of Trustee	 	46
	Section 7.09.	 	Successor Trustee by Merger	 	47
	Section 7.10.	 	Eligibility; Disqualification	 	47
	Section 7.11.	 	Preferential Collection of Claims Against the Company	 	47
	

ARTICLE 8

Discharge of Indenture
	

Section 8.01.	
 	
Discharge of Liability on Securities	
 	

47
	Section 8.02.	 	Repayment to the Company	 	48
	Section 8.03.	 	Application of Trust Money	 	48
	

ARTICLE 9

Amendments
	

Section 9.01.	
 	
Without Consent of the Holders	
 	

48
	Section 9.02.	 	With Consent of Holders	 	49
	Section 9.03.	 	Compliance With Trust Indenture Act	 	50
	Section 9.04.	 	Revocation and Effect of Consents, Waivers and Actions	 	50
	Section 9.05.	 	Notice of Amendments, Notation on or Exchange of Securities	 	51
	Section 9.06.	 	Trustee to Sign Supplemental Indentures	 	51
	 	 	 	 	 

ii

 

	Section 9.07.	 	Effect of Supplemental Indentures	 	51
	

ARTICLE 10

Conversions
	

Section 10.01.	
 	
Conversion Privilege	
 	

51
	Section 10.02.	 	Conversion Procedure; Conversion Rate; Fractional Shares	 	56
	Section 10.03.	 	Payment Upon Conversion	 	58
	Section 10.04.	 	Adjustment of Conversion Rate	 	60
	Section 10.05.	 	Effect of Reclassification, Consolidation, Merger or Sale	 	67
	Section 10.06.	 	Taxes on Shares Issued	 	68
	Section 10.07.	 	Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Common Stock	 	69
	Section 10.08.	 	Responsibility of Trustee	 	69
	Section 10.09.	 	Notice to Holders Prior to Certain Actions	 	70
	Section 10.10.	 	Shareholder Rights Plan	 	70
	Section 10.11.	 	Unconditional Right of Holders to Convert	 	71
	

ARTICLE 11

Contingent Interest
	

Section 11.01.	
 	
Contingent Interest	
 	

71
	Section 11.02.	 	Payment of Contingent Interest	 	71
	Section 11.03.	 	Contingent Interest Notification	 	71
	

ARTICLE 12

Miscellaneous
	

Section 12.01.	
 	
Trust Indenture Act Controls	
 	

72
	Section 12.02.	 	Notices	 	72
	Section 12.03.	 	Communication by Holders with Other Holders	 	73
	Section 12.04.	 	Certificate and Opinion as to Conditions Precedent	 	73
	Section 12.05.	 	Statements Required in Certificate or Opinion	 	73
	Section 12.06.	 	Separability Clause	 	73
	Section 12.07.	 	Rules by Trustee, Paying Agent, Conversion Agent and Registrar	 	73
	Section 12.08.	 	Legal Holiday	 	73
	Section 12.09.	 	Governing Law	 	74
	Section 12.10.	 	No Recourse Against Others	 	74
	Section 12.11.	 	Successors	 	74
	Section 12.12.	 	Multiple Originals	 	74
	EXHIBIT A	 	Form of Global Security	 	 
	EXHIBIT B	 	Form of Certificated Security	 	 
	EXHIBIT C	 	Transfer Certificate	 	 
	EXHIBIT D	 	Form of Notice of Redemption	 	 
	EXHIBIT E	 	Form of Notice of Repurchase	 	 
	EXHIBIT F	 	Notice of Occurrence of Fundamental Change	 	 
	SCHEDULE I	 	Number of Additional Shares	 	 

iii

        INDENTURE dated as of May 27, 2005 between COMPUCREDIT CORPORATION, a Georgia corporation (the "Company"), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association
("Trustee"). 

        Each
party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company's 3.625% Convertible Senior Notes Due 2025: 

 
 

ARTICLE 1
  Definitions and Incorporation by Reference    
    

        Section 1.01.    Definitions.    

        "144A Global Security" means a permanent Global Security in the form of the Security attached hereto as Exhibit A, and that is
deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act. 

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

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

        "Bid Solicitation Agent" means the agent of the Company appointed to obtain quotations for the Securities as set forth under the
definition of Trading Price, which such agent shall be appointed no later than the first Contingent Interest Period and shall at no time be an Affiliate of the Company. The Company may, from time to
time, change the Bid Solicitation Agent. 

        "Board of Directors" means either the board of directors of the Company or any duly authorized committee of such board. 

        "Board Resolution" means a resolution of the Board of Directors. 

        "Business Day" means, with respect to any Security, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on
which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York or Atlanta, Georgia. 

        "Capital Stock" for any corporation means any and all shares, interests, rights to purchase, warrants, options, participations or other
equivalents of or interests in (however designated) stock issued by that corporation. 

        "Certificated Securities" means Securities that are in the form of the Securities attached hereto as Exhibit B. 

        "Change of Control" means the occurrence at such time after the original issuance of the Securities when any of the following has
occurred: 

        (1)   a
"person" or "group" within the meaning of Section 13(d)(3) of
the Exchange Act, other than David G. Hanna or Frank J. Hanna, III or entities controlled by them or established for the benefit of them or their descendants or spouses of either or charities, or the
Company's or any Subsidiary's employee benefit plans (each, a "Permitted Owner"), files a Schedule TO or any schedule, form or report under the Exchange
Act disclosing that such person or group has become the direct or indirect "beneficial owner," as defined in Rule 13d-3 under the Exchange Act, of shares of Common Stock
representing more than 50% of the Company's Voting Stock; or 

 

        (2)   the
first day on which a majority of the members of the Board of Directors does not consist of Continuing Directors; or 

        (3)   a
consolidation, merger or binding share exchange, or any conveyance, transfer, sale, lease or other disposition of all or substantially all of the Company's properties
and assets to another Person, other than: 

        (a)   any
transaction (i) that does not result in any reclassification, conversion, exchange or cancellation of the Company's Capital Stock and (ii) pursuant to
which holders of the Company's Capital Stock immediately prior to such transaction have the entitlement to exercise, directly or indirectly, 50% or more of the total Voting Stock of the continuing or
surviving or successor Person immediately after giving effect to such issuance; or 

        (b)   any
merger, share exchange, transfer of assets or similar transaction solely for the purpose of changing the Company's jurisdiction of incorporation and resulting in a
reclassification, conversion or exchange of outstanding shares of Common Stock, if at all, solely into shares of common stock, ordinary shares or American Depositary Shares of the surviving entity or
a direct or indirect parent of the surviving corporation; or 

        (c)   any
consolidation or merger with or into a Subsidiary, so long as such merger or consolidation is not part of a plan or a series of transactions designed to or having
the effect of merging or consolidating with any other Person. 

        The
term "person" includes any syndicate or group that would be deemed to be a "person" under Section 13(d)(3) of the Exchange Act. 

        "close of business" means 5:00 p.m. (New York City time). 

        "Code" means the Internal Revenue Code of 1986, as amended from time to time. 

        "Common Stock" means the common stock, no par value, of the Company existing on the date of this Indenture or any other shares of Capital
Stock of the Company into which such Common Stock shall be reclassified or changed, including in the event of a merger, consolidation or other similar transaction involving the Company that is
otherwise permitted hereunder in which the Company is not the surviving Person, the common stock of such surviving corporation. 

        "Company" means the party named as the "Company" in the preamble of this Indenture, excluding any of its Subsidiaries, until a successor
replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any subsequent such successor or
successors. 

        "Company Notice" means a notice to Holders delivered pursuant to Section 3.07 or Section 3.08. 

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

        "Contingent Interest" means such interest payable as described in Article 11. 

        "Contingent Interest Period" means (i) the period commencing on, and including, May 30, 2012 and ending on, and including,
November 29, 2012, and (ii) each six-month period from November 30 to and including May 29 or from May 30 to November 29 thereafter. 

        "Continuing Director" means a director who either was a member of the Board of Directors on May 5, 2005 or who becomes a member of
the Board of Directors subsequent to that date and whose appointment, election or nomination for election by the Company's shareholders is duly approved by either (i) a majority of the
Continuing Directors on the Board of Directors at the time of such approval, either by specific vote or by approval of the proxy statement issued by the Company on 

2

 

behalf
of the Board of Directors in which such individual is named as nominee for director, or (ii) a Permitted Owner. 

        "Conversion Settlement Date" means, with respect to the Conversion Settlement Distribution, the third Business Day immediately following
the date the Conversion Settlement Distribution is determined. 

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

        "Corporate Trust Office" means the designated office of the Trustee at which at any time its corporate trust business shall be principally
administered, which office at the date hereof is located at 191 Peachtree Street, 23rd Floor, Atlanta, Georgia 30303-9094, Attention: Corporate Trust Department, or such other address as
the Trustee may designate from time to time by notice to the
Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as a successor Trustee may designate from time to time by notice to the Holders and the
Company). 

        "Current Market Price" of the Common Stock on any day means the average of the Last Reported Sale Price per share of the Common Stock for
each of the ten consecutive Trading Days ending on the earlier of the day in question and the day before the "Ex-Dividend Date" with respect to the issuance or distribution requiring such
computation, subject to adjustment by the Board of Directors if another transaction requiring an adjustment to the Conversion Rate pursuant to Section 10.04 occurs during such
ten-day period. 

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

        "Ex-Dividend Date" means the first date upon which a sale of the Common Stock, regular way on the relevant exchange or in the
relevant market for the Common Stock, does not automatically transfer the right to receive the relevant dividend or distribution from the seller of the Common Stock to its buyer. 

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

        "Fair Market Value" or "fair market value" means the amount which a willing buyer would
pay a willing seller in an arm's-length transaction. 

        "Global Securities" means Securities that are in the form of the Securities attached hereto as Exhibit A, and that are registered
in the register of Securities in the name of the Depositary or a nominee thereof, and to the extent that such Securities are required to bear the Legend required by Section 2.06(g), such
Securities shall be in the form of a 144A Global Security. 

        "Holder" or "Securityholder" means a person in whose name a Security is registered on the
Registrar's books. 

        "Indenture" means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof, including the
provisions of the TIA that are deemed to be a part hereof. 

        "Interest" means interest payable on each Security pursuant to Section 1 of the Securities. 

        "Interest Payment Date" means May 30 and November 30 of each year, commencing November 30, 2005. 

        "Interest Record Date" means May 15 and November 15 of each year. 

        "Issue Date" of any Security means the date on which the Security was originally issued or deemed issued as set forth on the face of the
Security. 

3

 

        "Last Reported Sale Price" means, with respect to any security on any date, the closing sale price (or if no closing sale price is
reported, the average of the bid and asked prices or, if more than one in either case, the average of the average bid and the average asked prices) on that date as reported by the Nasdaq National
Market or, if the Common Stock is not reported by the Nasdaq National Market, in composite transactions for the principal U.S. national securities exchange on which the Common Stock is traded. If the
Common Stock is not listed for trading on a U.S. national or regional securities exchange and not reported by the Nasdaq National Market on the relevant date, the "Last Reported Sale Price" shall be
the last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as reported by the National Quotation Bureau or similar organization. If the
Common Stock is not so quoted, the "Last Reported Sale Price" shall be the average of the midpoint of the last bid and ask prices for the Common Stock on the relevant date from each of at least two
independent nationally recognized investment banking firms selected by the Company for this purpose. If at least two independent quotes cannot be obtained, the "Last Reported Sale Price" will be
determined in good faith by the Board of Directors. 

        "Liquidated Damages" has the meaning provided in the Registration Rights Agreement. 

        "Make Whole Premium" means an amount of cash equal to the present value of the remaining scheduled payments of Interest on the Securities
to be redeemed from the Redemption Date through and including May 30, 2012. For purposes of this definition, the present value of the remaining Interest shall be computed using a discount rate
equal to the Treasury Yield. For purposes of this definition, the "Treasury Yield" means the yield to maturity at the time of computation of United
States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two
Business Days prior to the Redemption Date (or, if such Statistical Release is no longer published, any publicly available source for similar market data)) most nearly equal to the then remaining term
to May 30, 2012; provided, however, that if the then remaining term to May 30, 2012 is not equal to the constant maturity of a United States Treasury security for which a weekly average
yield is given, the Treasury Yield shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury
securities for which such yields are given, except
that if the then remaining term to May 30, 2012 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year
shall be used. 

        "Offering Memorandum" means the final offering memorandum of the Company dated May 23, 2005 relating to the offering of the
Securities. 

        "Officer" means the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Senior Vice
President, the Treasurer, the Controller, the Chief Accounting Officer, the Secretary or any Assistant Secretary of the Company. 

        "Officer's Certificate" means a written certificate containing the information specified in Section 12.04 and Section 12.05,
signed in the name of the Company by any Officer, and delivered to the Trustee. An Officer's Certificate given pursuant to Section 4.03 shall be signed by the principal executive officer,
principal financial officer or principal accounting officer of the Company, but need not contain the information specified in Section 12.04 and Section 12.05. 

        "Opinion of Counsel" means a written opinion containing the information specified in Section 12.04 and Section 12.05, from
legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of, or counsel to, the Company. 

        "Purchase Agreement" means the Purchase Agreement dated May 23, 2005 by and among the Company, on the one hand, and Banc of America
Securities LLC and J.P. Morgan Securities Inc., as representatives of the initial purchasers (the "Initial Purchasers"), on the other. 

4

 

        "Record Date" shall mean, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock
have the right to receive any cash, securities or other property or in which the Common Stock (or other applicable security) is exchanged for or converted into any combination of cash, securities or
other property, the date fixed for determination of stockholders entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors or by statute,
contract or otherwise). 

        "Redemption Date" means the date specified in a notice of redemption on which the Securities may be redeemed in accordance with the terms
of the Securities and this Indenture. 

        "Registration Rights Agreement" means the Registration Rights Agreement, dated the date hereof, by and among the Company, on the one hand,
and Banc of America Securities LLC and J.P. Morgan Securities Inc., as representatives of the initial purchasers under the Purchase Agreement, on the other. 

        "Responsible Officer" means, when used with respect to the Trustee, any officer of the Trustee within the Corporate Trust Services
department (or any successor department) of the Trustee located at the Corporate Trust Office of the Trustee who has direct responsibility for the administration of this Indenture and, for the
purposes of Sections 7.01(c)(ii) and 7.05 shall also mean any other officer of the Trustee to whom corporate trust matters associated with this Indenture have been referred because of such
person's knowledge of and familiarity with the particular subject matter. 

        "Restricted Security" means a Security required to bear the Legend. 

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

        "SEC" means the Securities and Exchange Commission. 

        "Securities Act" means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder. 

        "Security" means any of the Company's 3.625% Convertible Senior Notes Due 2025, as amended or supplemented from time to time, issued under
this Indenture. 

        "Securityholder" or "Holder" means a person in whose name a Security is registered on the
Registrar's books. 

        "Significant Subsidiary" means any Subsidiary that constitutes a "significant subsidiary" within the meaning of Article 1 of
Regulation S-X promulgated under the Securities Act as in effect on the date of this Indenture. 

        "Stated Maturity", when used with respect to any Security, means May 30, 2025. 

        "Stock Price" means (A) in connection with a Change of Control transaction pursuant to which Additional Shares are issuable as set
forth in Section 10.01(c) hereof, the price per share of Common Stock paid in connection with such Change of Control transaction, which shall be equal to (i) if Holders of Common Stock
receive only cash in such Change of Control transaction, the cash amount paid per share of Common Stock and (ii) in all other cases, the average of the Last Reported Sale Prices of the Common
Stock on the five Trading Days prior to, but not including, the effective date of such Change of Control transaction, and (B) in connection with a Fundamental Change event pursuant to which
Additional Shares are issuable as set forth in Section 10.01(c) hereof, a price per share of Common Stock equal to the average of the Last Reported Sale Prices of the Common Stock on the five
Trading Days prior to, but not including, the effective date of such Fundamental Change event. 

        "Subsidiary" means any person of which at least a majority of the outstanding Voting Stock shall at the time directly or indirectly be
owned or controlled by the Company or by one or more Subsidiaries or by the Company and one or more Subsidiaries. 

5

 

        "Tax Original Issue Discount" means the amount of ordinary interest income on a Security that must be accrued as original issue discount
for U.S. federal income tax purposes pursuant to Treasury regulations Section 1.1275-4. 

        "TIA" means the Trust Indenture Act of 1939 as in effect on the date of this Indenture, except as provided in Section 9.03. 

        "Trading Day" means a day during which trading in securities generally occurs on the Nasdaq National Market or, if the Common Stock is not
quoted on the Nasdaq National Market, then a day during which trading in securities generally occurs on the principal U.S. securities exchange on which the Common Stock is then listed or, if the
Common Stock is not listed on a U.S. national or regional securities exchange, then on the principal other market on which the Common Stock is then traded. 

        "Trading Price" of the Securities on any date of determination means the average of the secondary market bid quotations per $1,000
principal amount of the Securities obtained by the Bid Solicitation Agent for $5,000,000 principal amount of the Securities at approximately 3:30 p.m., New York City time, on such determination
date from three independent nationally recognized securities dealers the Company selects; provided, that, if three such bids cannot reasonably be obtained by the Bid Solicitation Agent, but two such
bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used. If the Bid
Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of the Securities from a nationally recognized securities dealer, or in the Company's reasonable judgment,
the bid quotations are not indicative of the secondary market value of $1,000 principal amount of the Securities, then the Trading Price of the Securities on any date of determination shall
equal the product of (i) the applicable Conversion Rate for the Securities as of the date of determination and (ii) the average Last Reported Sale Price of the Common Stock on the five
Trading Days ending on such determination date. 

        "Treasury regulations" means the U.S. federal income tax regulations, including temporary regulations, promulgated under the Code, as
those regulations may be amended from time to time. Any reference herein to a specific section of the Treasury regulations shall include any corresponding provisions of succeeding, similar,
substitute, proposed or final Treasury regulations. 

        "Trustee" means the party named as the "Trustee" in the preamble of this Indenture unless and until a successor replaces it pursuant to
the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any subsequent such successor or successors. 

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

6

 

        Section 1.02.    Other Definitions.    

	Terms:
 
	 	Defined in Section:
	 
	"Act"	 	1.05	 
	"Acquisition Value"	 	10.01(d	)
	"Additional Shares	 	10.01(c	)
	"Adjustment Event"	 	10.04(j	)
	"Agent Members"	 	2.12(e	)
	"Acquisition Value"	 	10.01(d	)
	"Bankruptcy Law"	 	6.01(h	)
	"cash"	 	3.01	 
	"Cash Amount"	 	10.03(a	)
	"Cash Settlement Notice Period"	 	10.03(a	)
	"contingent debt regulations"	 	2.14(a	)
	"Conversion Agent"	 	2.03	 
	"Conversion Date"	 	10.02(c	)
	"Conversion Notice"	 	10.02(b	)
	"Conversion Obligation"	 	10.01(a	)
	"Conversion Rate"	 	10.02(a	)
	"Conversion Reference Period"	 	10.03(a	)
	"Conversion Retraction Period"	 	10.03(a	)
	"Conversion Settlement Distribution"	 	10.03(a	)
	"Conversion Value"	 	10.03(a	)
	"Daily Share Amount"	 	10.03(a	)
	"Depositary"	 	2.01(b	)
	"Determination Date"	 	10.04(j	)
	"Distributed Assets"	 	10.04(d	)
	"DTC"	 	2.01(b	)
	"effective date"	 	10.01(c	)
	"Event of Default"	 	6.01	 
	"Exchange Property"	 	10.01(b	)
	"Expiration Time"	 	10.04(f	)
	"Extraordinary Cash Dividend"	 	10.04(e	)
	"Fiscal Quarter"	 	10.01(a	)
	"Fundamental Change"	 	3.08(a	)
	"Fundamental Change Repurchase Date"	 	3.08(a	)
	"Fundamental Change Repurchase Notice"	 	3.08(c	)
	"Fundamental Change Repurchase Price"	 	3.08(a	)
	"legal holiday"	 	12.08	 
	"Legend"	 	2.06(g	)
	"Liquidated Damages Notice"	 	4.07	 
	"Non-Electing Share"	 	10.05(b	)
	"Notice of Default"	 	6.01	 
	"Paying Agent"	 	2.03	 
	"Public Acquirer Change of Control	 	10.01(d	)
	"Public Acquirer Common Stock"	 	10.01(d	)
	"Purchased Shares"	 	10.04(f	)
	"QIBs"	 	2.01(b	)
	"Redemption Price"	 	3.01	 
	"Registrar"	 	2.03	 
	"Repurchase Date"	 	3.07(a	)
	 	 	 	 

7

 

	"Repurchase Notice"	 	3.07(b	)
	"Repurchase Price"	 	3.07(a	)
	"Residual Cash Value"	 	10.03(a	)
	"Residual Value Shares"	 	10.03(a	)
	"Rule 144A Information"	 	4.06	 
	"successor Person"	 	5.01(a	)
	"Trigger Event"	 	10.04(d	)
	"Valuation Period"	 	10.01(d	)

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

        "Commission" means the SEC; 

        "indenture securities" means the Securities; 

        "indenture security holder" means a Securityholder; 

        "indenture to be qualified" means this Indenture; 

        "indenture trustee" or "institutional trustee" means the Trustee; and 

        "obligor" on the indenture securities means the Company. 

        All
other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rules have the meanings assigned to them by such
definitions. 

        Section 1.04.    Rules of Construction.    Unless the context otherwise requires: 

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

	(2)
	an
accounting term not otherwise defined has the meaning assigned to it in accordance with United States generally accepted accounting principles as in effect from time
to time;

	(3)
	"or"
is not exclusive;

	(4)
	"including"
means including, without limitation;

	(5)
	words
in the singular include the plural, and words in the plural include the singular; and

	(6)
	references
to Sections and Articles are to references to Sections and Articles of this Indenture. 

        Section 1.05.    Acts of Holders.    (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person
or by an agent duly appointed in writing; 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, as described in Section 12.02. 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 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. 

        (b)
The fact and date of the execution by any person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary
public or other 

8

 

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

        (c)
The principal amount and serial number of any Security and the ownership of Securities shall be proved by the register for the Securities. 

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

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

 
 

ARTICLE 2
  The Securities    
    

        Section 2.01.    Form and Dating.    (a) The Securities shall be substantially in the form of Exhibits A and B,
which are a part of this Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage (provided that any such notation, legend or endorsement
required by usage is in a form acceptable to the Company). The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each Security shall be dated the date of its
authentication. The Securities may, but need not, have the corporate seal of the Company or a facsimile thereof affixed thereto or imprinted thereon. 

        (b)
144A Global Securities. Securities offered and sold within the United States to qualified institutional buyers as defined in
Rule 144A ("QIBs") in reliance on Rule 144A shall be issued, initially in the form of a 144A Global Security, which shall be deposited
with the Trustee at its Corporate Trust Office, as
custodian for the Depositary (as defined below) and registered in the name of The Depository Trust Company ("DTC") or the nominee thereof (DTC, or any
successor thereto, and any such nominee being hereinafter referred to as the "Depositary"), duly executed by the Company and authenticated by the
Trustee as hereinafter provided. The aggregate principal amount of the 144A Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the
Depositary as hereinafter provided. 

        (c)  Global Securities in General. Each Global Security shall represent such of the outstanding Securities as shall be specified therein
and each shall provide that it shall represent the aggregate 

9

 

amount
of outstanding Securities from time to time endorsed thereon and that the aggregate amount of outstanding Securities represented thereby may from time to time be reduced or increased, as
appropriate, to reflect exchanges, redemptions, repurchases and conversions. 

        Any
adjustment of the aggregate principal amount of a Global Security to reflect the amount of any increase or decrease in the amount of outstanding Securities represented thereby shall
be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.12 hereof, and shall be made on the records of the Trustee and the Depositary. 

        (d)
Book-Entry Provisions. This Section 2.01(d) shall apply only to Global Securities deposited with or on behalf of
the Depositary. 

        The
Company shall execute and the Trustee shall, in accordance with this Section 2.01(d), authenticate and deliver initially one or more Global Securities that (a) shall be
registered in the name of the Depositary or a nominee thereof, (b) shall be delivered by the Trustee to the Depositary or held by the Trustee pursuant to the Depositary's instructions and
(c) shall be substantially in the form of Exhibit A attached hereto. 

        (e)
Certificated Securities. Securities not issued as interests in the Global Securities shall be issued in certificated form
substantially in the form of Exhibit B attached hereto. 

        Section 2.02.    Execution and Authentication.    The Securities shall be executed on behalf of the Company by
two Officers. The signature of two Officers on the Securities may be manual or facsimile. 

        Securities
bearing the manual or facsimile signatures of individuals who were, at the time of the execution of the Securities, Officers shall bind the Company, notwithstanding that such
individuals or
any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of authentication of such Securities. 

        No
Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication
substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate upon any Security shall be conclusive evidence, and the
only evidence, that such Security has been duly authenticated and delivered hereunder. 

        The
Trustee shall authenticate and deliver the Securities for original issue in an aggregate principal amount of up to $250,000,000 upon one or more Company Orders without any further
action by the Company (other than as contemplated in Section 12.04 and Section 12.05 hereof). Upon receipt by the Trustee of an Officers' Certificate stating that the Initial Purchasers
have elected to purchase from the Company a specified principal amount of additional Securities, not to exceed $50,000,000, pursuant to Section 2(c) of the Purchase Agreement, the Trustee shall
authenticate and deliver such specified principal amount of additional Securities to or upon the written order of the Company. The aggregate principal amount of the Securities due at the Stated
Maturity thereof outstanding at any time may not exceed the amount set forth in the foregoing sentence. 

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

        Section 2.03.    Registrar, Paying Agent and Conversion Agent.    The Company shall maintain an office or
agency where Securities may be presented for registration of transfer or for exchange ("Registrar"), an office or agency where Securities may be
presented for purchase or payment ("Paying Agent") and an office or agency where Securities may be presented for conversion
("Conversion Agent"). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or more
co-registrars, one or more additional paying agents and one or more additional Conversion Agents. The term Paying Agent includes any additional paying agent, including 

10

 

any
named pursuant to Section 4.05. The term Conversion Agent includes any additional Conversion Agent, including any named pursuant to Section 4.05. 

        The
Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent, or co-registrar (in each case, if such Registrar, agent or
co-registrar is a Person other than the Trustee). The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall promptly notify the Trustee of
the name and address of any such agent. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, the Trustee shall act as such and shall be entitled to appropriate compensation
therefor pursuant to Section 7.07. The Company or any Subsidiary or an Affiliate of either of them may act as Paying Agent, Registrar, Conversion Agent or co-registrar. 

        The
Company initially appoints the Trustee as Registrar, Conversion Agent and Paying Agent in connection with the Securities. 

        Section 2.04.    Paying Agent to Hold Money and Securities in Trust.    Except as otherwise provided herein, on
or prior to each due date of payments in respect of any Security, the Company shall deposit with the Paying Agent a sum of money (in immediately available funds if deposited on the due date) or shares
of Common Stock sufficient to make such payments when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent shall hold in
trust for the benefit of Securityholders or the Trustee all money and shares of Common Stock held by the Paying Agent for the making of payments in respect of the Securities and shall promptly notify
the Trustee of any Default by the Company in making any such payment. At any time during the continuance of any such Default, the Paying Agent shall, upon the written request of the Trustee, forthwith
pay to the Trustee all money and shares of Common Stock so held in trust. If the Company, a Subsidiary or an Affiliate of either of them acts as Paying Agent, it shall segregate the money and shares
of Common Stock held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money and shares of Common Stock held by it to the
Trustee and to account for any funds and Common Stock disbursed by it. Upon doing so, the Paying Agent shall have no further liability for the money or shares of Common Stock. 

        Section 2.05.    Securityholder Lists.    The Trustee shall preserve the most recent list available to it of
the names and addresses of Securityholders. If the Trustee is not the Registrar, the Company shall cause to be furnished to the Trustee at least semiannually on May 15 and November 15 a
listing of Securityholders dated within 15 days of the date on which the list is furnished 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 Securityholders. 

        Section 2.06.    Transfer and Exchange.    (a) Subject to Section 2.12 hereof, upon surrender
for registration of transfer of any Security, together with a written instrument of transfer satisfactory to the Registrar duly executed by the Securityholder or such Securityholder's attorney duly
authorized in writing, at the office or agency of the Company designated as Registrar or co-registrar pursuant to Section 2.03, the Company shall execute, and the Trustee shall
authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of any authorized denomination or denominations, of a like aggregate principal amount. The
Company shall not charge a service charge for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental
charges that may be imposed in connection with the transfer or exchange of the Securities from the Securityholder requesting such transfer or exchange. 

        At
the option of the Holder, Securities may be exchanged for other Securities of any authorized denomination or denominations, of a like aggregate principal amount upon surrender of the
Securities to be exchanged, together with a written instrument of transfer satisfactory to the Registrar duly executed by the Securityholder or such Securityholder's attorney duly authorized in
writing, at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, 

11

 

and
the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 

        The
Company shall not be required to make, and the Registrar need not register, transfers or exchanges of Securities selected for redemption (except, in the case of Securities to be
redeemed in part, the portion thereof not to be redeemed) or any Securities in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given and not withdrawn by the
Holder thereof in accordance with the terms of this Indenture (except, in the case of Securities to be purchased in part, the portion thereof not to be purchased) or any Securities for a period of
15 days before the mailing of a notice of redemption of Securities to be redeemed. 

        (b)
Notwithstanding any provision to the contrary herein, so long as a Global Security remains outstanding and is held by or on behalf of the Depositary, transfers of a Global Security,
in whole or in part, shall be made only in accordance with Section 2.12 and this Section 2.06. Transfers of a Global Security shall be limited to transfers of such Global Security in
whole or in part, to the Depositary, to nominees of the Depositary or to a successor of the Depositary or such successor's nominee. 

        (c)
Successive registrations and registrations of transfers and exchanges as aforesaid may be made from time to time as desired, and each such registration shall be noted on the register
for the Securities. 

        (d)
Except as otherwise set forth in this Indenture, any such action taken by a Holder shall be conclusive and binding upon such Holder and upon all future Holders and owners of such
Security and of any Securities issued in exchange or substitution therefor, irrespective of whether any notation in regard thereto is made upon such Security or any Security issued in exchange or
substitution therefor. 

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

        (f)
No Registrar shall be required to make registrations of transfer or exchange of Securities during any periods designated in the text of the Securities or in this Indenture as periods
during which such registration of transfers and exchanges need not be made. 

        (g)
If Securities are issued upon the transfer, exchange or replacement of Securities subject to restrictions on transfer and bearing the legends set forth on the forms of Security
attached hereto as Exhibits A and B setting forth such restrictions (collectively, the "Legend"), or if a request is made to remove the Legend on a
Security, the Securities so issued shall bear the Legend, or the Legend shall not be removed, as the case may be, unless there is delivered to the Company and the Registrar such satisfactory evidence,
which shall include an opinion of counsel, as may be reasonably required by the Company and the Registrar and the Trustee (if not the same Person as the Registrar), that neither the Legend nor the
restrictions on transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A or Rule 144 under the Securities Act or that such
Securities are not "restricted" within the meaning of Rule 144 under the Securities Act. Upon (i) provision of such satisfactory evidence, or (ii) notification by the Company to
the Trustee and Registrar of the sale of such Security pursuant to a registration statement that is effective at the time of such sale, the Trustee, at the written direction of the Company, shall
authenticate and deliver a Security that does not bear the Legend. If the Legend is removed from the face of a Security and the Security is subsequently held by the Company or an Affiliate of the
Company, the Legend shall be reinstated. 

        Section 2.07.    Replacement Securities.    If (a) any mutilated Security is surrendered to the
Trustee, or (b) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee such
security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company 

12

 

shall
execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen Security, a new
Security of like tenor and principal amount, bearing a certificate number not contemporaneously outstanding. 

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

        Upon
the issuance of any new Securities 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 expenses (including the fees and expenses of the Trustee) connected therewith. 

        Every
new Security issued pursuant to this Section 2.07 in lieu of any mutilated, destroyed, lost or stolen Security shall constitute an original contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security 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 Securities duly issued hereunder. 

        The
provisions of this Section 2.07 are 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 Securities. 

        Section 2.08.    Outstanding Securities; Determinations of Holders' Action.    Securities outstanding at any
time are all the Securities authenticated by the Trustee except for those cancelled by it, those redeemed or purchased pursuant to Article 3 hereof, those delivered to it for cancellation and
those described in this Section 2.08 as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate thereof holds the Security; provided, however, that in
determining whether the Holders of the requisite principal amount of Securities have given or concurred in any request, demand, authorization, direction, notice, consent, waiver, or other Act
hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be outstanding, except
that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other act, only Securities which a
Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time of such determination shall be considered in
any such determination (including determinations pursuant to Article 6 and Article 9). 

        If
a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a bona
fide purchaser. 

        If
the Paying Agent holds, in accordance with this Indenture, on a Redemption Date, or on the Business Day immediately following a Repurchase Date or a Fundamental Change Repurchase
Date, or on Stated Maturity, money or securities, if permitted hereunder, sufficient to pay Securities payable on that date, then from and after such Redemption Date, Repurchase Date, Fundamental
Change Repurchase Date or Stated Maturity, as the case may be, such Securities shall cease to be outstanding and Interest, Contingent Interest and Liquidated Damages, if any, on such Securities shall
cease to accrue; provided, that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has
been made. 

        If
a Security is converted in accordance with Article 10, then from and after the time of conversion on the date of conversion, such Security shall cease to be outstanding and
Interest, Contingent Interest, Liquidated Damages, if any, and the rights of the Holders therein shall terminate (other than the right to receive the Conversion Settlement Distribution). 

13

 

        Section 2.09.    Temporary Securities.    Pending the preparation of Certificated Securities, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the Certificated Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the
Officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. 

        If
temporary Securities are issued, the Company shall cause Certificated Securities to be prepared without unreasonable delay. After the preparation of Certificated Securities, the
temporary Securities shall be exchangeable for Certificated Securities upon surrender of the temporary Securities at the office or agency of the Company designated for such purpose pursuant to
Section 2.03, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of Certificated Securities of authorized denominations. Until so exchanged the temporary Securities shall in all respects be entitled to the same benefits
under this Indenture as Certificated Securities. 

        Section 2.10.    Cancellation.    All Securities surrendered for payment, purchase by the Company pursuant to
Article 3, conversion, redemption or registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled
by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever,
and all Securities so delivered shall be promptly cancelled by the Trustee. The Company may not issue new Securities to replace Securities it has paid or delivered to the Trustee for cancellation
other than in connection with registrations of transfer or exchange or that any Holder has converted pursuant to Article 10. No Securities shall be authenticated in lieu of or in exchange for
any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of by the Trustee in accordance
with the Trustee's customary procedure. 

        Section 2.11.    Persons Deemed Owners.    Prior to due presentment of a Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment
of the principal amount of the Security or any portion thereof, or the payment of any Redemption Price, Repurchase Price or Fundamental Change Repurchase Price in respect thereof, and Interest,
Contingent Interest or Liquidated Damages thereon, for the purpose of conversion and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee
nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

        Section 2.12.    Global Securities.    (a) Notwithstanding any other provisions of this Indenture or the
Securities, (A) transfers of a Global Security, in whole or in part, shall be made only in accordance with Section 2.06 and Section 2.12(a)(i) below, (B) transfers
of a beneficial interest in a Global Security for a Certificated Security shall comply with Section 2.06 and Section 2.12(a)(ii) below and Section 2.12(e) below, and
(C) transfers of a Certificated Security shall comply with Section 2.06, Section 2.12(a)(iii) and Section 2.12(a)(iv) below. 

	(i)
	Transfer of Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than the
Depositary or a nominee or any successor thereof, and no such transfer to any such other Person may be registered; provided, that this Section 2.12(a)(i) shall not prohibit any transfer
of a Security that is issued in exchange for a Global Security, but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities
unless and until such Security has been registered in the name 

14

 

of
such Person. Nothing in this Section 2.12(a)(i) shall prohibit or render ineffective any transfer of a beneficial interest in a Global Security effected in accordance with the other
provisions of this Section 2.12. 

	(ii)
	Restrictions on Transfer of a Beneficial Interest in a Global Security for a Certificated Security. A beneficial
interest in a Global Security may not be exchanged for a Certificated Security except upon satisfaction of the requirements set forth in this paragraph below and in Section 2.12(e) below. Upon
receipt by the Trustee of a request to transfer a beneficial interest in a Global Security in accordance with Applicable Procedures for a Certificated Security in the form satisfactory to the Trustee,
together with: 

        (A)  so
long as the Securities are Restricted Securities, certification in the form set forth in Exhibit C; 

        (B)  written
instructions to the Trustee to make, or direct the Registrar to make, an adjustment on its books and records with respect to such Global Security to reflect a
decrease in the aggregate principal amount of the Securities represented by the Global Security, such instructions to contain information regarding the Depositary account to be decreased; and 

        (C)  if
the Company or the Trustee so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in
the Legend, 

then
the Trustee shall cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Registrar, the aggregate principal
amount of the Securities represented by the Global Security to be decreased by the aggregate principal amount of the Certificated Security to be issued, shall issue such Certificated Security and
shall debit or cause to be debited to the account of the person specified in such instructions a beneficial interest in the Global Security equal to the principal amount of the Certificated Security
so issued. 

	(iii)
	Transfer and Exchange of Certificated Securities. When Certificated Securities are presented to the Registrar with a
request: 

        (y)   to
register the transfer of such Certificated Securities; or 

        (z)   to
exchange such Certificated Securities for an equal principal amount of Certificated Securities of other authorized denominations, 

the
Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided, however, that the Certificated Securities surrendered
for transfer or exchange: 

        (1)   shall
be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, duly executed by the Holder
thereof or his attorney duly authorized in writing; and 

        (2)   so
long as such Securities are Restricted Securities, such Securities are being transferred or exchanged pursuant to an effective registration statement under the
Securities Act or pursuant to clause (A), (B) or (C) below, and are accompanied by the following additional information and documents, as applicable: 

        (A)  if
such Certificated Securities are being delivered to the Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such
Holder to that effect; or 

        (B)  if
such Certificated Securities are being transferred to the Company, a certification to that effect; or 

15

 

        (C)  if
such Certificated Securities are being transferred pursuant to an exemption from registration, (i) a certification to that effect (in the form set forth in
Exhibit C, if applicable) and (ii) if the Company or the Trustee so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance with the
restrictions set forth in the Legend. 

	(iv)
	Restrictions on Transfer or Exchange of a Certificated Security for a Beneficial Interest in a Global Security. A
Certificated Security may not be transferred or exchanged for a beneficial interest in a Global Security except upon satisfaction of the requirements set forth below. 

        Upon
receipt by the Trustee of a Certificated Security, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with: 

(I)
so long as the Securities are Restricted Securities, certification, in the form set forth in Exhibit C, that such Certificated Security (A) is being transferred to a QIB in
accordance with Rule 144A under the Securities Act or (B) is being transferred pursuant to and in compliance with Rule 144 under the Securities Act; and 

(II)
written instructions directing the Trustee to make, or to direct the Registrar to make, an adjustment on its books and records with respect to such Global Security to reflect an increase in the
aggregate principal amount of the Securities represented by the Global Security, such instructions to contain information regarding the Depositary account to be credited with such increase, then the
Trustee shall cancel such Certificated Security and cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the Depositary and the
Registrar, the aggregate principal amount of Securities represented by the Global Security to be increased by the aggregate principal amount of the Certificated Security to be exchanged, and shall
credit or cause to be credited to the account of the person specified in such instructions a beneficial interest in the Global Security equal to the principal amount of the Certificated Security so
cancelled. If no Global Securities are then outstanding, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an Officer's Certificate, a new
Global Security in the appropriate principal amount. 

        (b)
Subject to the succeeding Section 2.12(c), every Security shall be subject to the restrictions on transfer provided in the Legend including the delivery of an opinion of
counsel, if so provided. Whenever any Restricted Security is presented or surrendered for registration of transfer or for exchange for a Security registered in a name other than that of the Holder,
such Security must be accompanied by a certificate in substantially the form set forth in Exhibit C, dated the date of such surrender and signed by the Holder of such Security, as to compliance
with such restrictions on transfer. The Registrar shall not be required to accept for such registration of transfer or exchange any Security not so accompanied by a properly completed certificate. 

        (c)
The restrictions imposed by the Legend upon the transferability of any Security shall cease and terminate when such Security has been sold pursuant to an effective registration
statement under the Securities Act or transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or, if earlier, upon the expiration of the holding
period applicable to sales thereof under Rule 144(k) under the Securities Act (or any successor provision). Any Security as to which such restrictions on transfer shall have expired in
accordance with their terms or shall have terminated may, upon a surrender of such Security for exchange to the Registrar in accordance with the provisions of this Section 2.12 (accompanied, in
the event that such restrictions on transfer have terminated by reason of a transfer in compliance with Rule 144 under the Securities Act or any successor provision, by an opinion of counsel
having substantial experience in practice under the Securities Act and otherwise reasonably acceptable to the Company and the Trustee, addressed to the Company and the Trustee and in form acceptable
to the Company and the Trustee, to the effect that the transfer of such Security has been made in compliance with Rule 144 under the Securities Act or such successor 

16

 

provision),
be exchanged for a new Security, of like tenor and aggregate principal amount, which shall not bear the restrictive Legend. The Company shall inform the Trustee of the effective date of
any registration statement registering the Securities under the Securities Act. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the
aforementioned opinion of counsel or registration statement. 

        (d)
As used in the preceding two paragraphs of this Section 2.12, the term "transfer" encompasses any sale, pledge, transfer, loan, hypothecation, or other disposition of any
Security. 

        (e)
The provisions of clauses (i), (ii), (iii), (iv) and (v) below shall apply only to Global Securities: 

	(i)
	Notwithstanding
any other provisions of this Indenture or the Securities, a Global Security shall not be exchanged in whole or in part for a Security registered in the
name of any Person other than the Depositary or one or more nominees thereof, provided that a Global Security may be exchanged for Securities registered in the names of any Person designated by the
Depositary in the event that (i) the Depositary has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or such Depositary has ceased to be a
"clearing agency" registered under Exchange Act, and a successor Depositary is not appointed by the Company within 90 days (ii) the Company determines at any time that the Securities
shall no longer be represented by Global Securities and shall inform such Depositary of such determination in writing and participants in such Depositary elect to withdraw their beneficial interests
in the Global Securities from such Depositary, following notification by the Depositary of their right to do so or (iii) an Event of Default has occurred and is continuing. Any Global Security
exchanged pursuant to clause (i) above shall be so exchanged in whole and not in part, and any Global Security exchanged pursuant to clauses (ii) or (iii) above may be exchanged
in whole or from time to time in part as directed by the Depositary. Any Security issued in exchange for a Global Security or any portion thereof shall be a Global Security; provided, that any such
Security so issued that is registered in the name of a person other than the Depositary or a nominee thereof or any successor of either of the foregoing pursuant to this paragraph shall not be a
Global Security.

	(ii)
	Securities
issued in exchange for a Global Security or any portion thereof shall be issued in definitive, fully registered form, shall have an aggregate principal
amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall designate and
shall bear the applicable legends provided for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Registrar. With regard to any Global Security to be
exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security,
the principal amount thereof shall be reduced by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any such
surrender or adjustment, the Trustee shall authenticate and deliver the Security issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof.

	(iii)
	Subject
to the provisions of clause (v) below, the registered Holder may grant proxies and otherwise authorize any person, including Agent Members (as defined
below) and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities.

	(iv)
	In
the event of the occurrence of any of the events specified in clause (i) above, the Company shall promptly make available to the Trustee a reasonable supply
of Certificated Securities in definitive, fully registered form. 

17

 

	(v)
	Neither
any members of, or participants in, the Depositary (collectively, the "Agent Members") nor any other persons on
whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such
Global Security, and the Depositary or such nominee, as the case may be, 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 Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall 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 such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other person on
whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a Holder of any Security.

	(vi)
	Except
as expressly set forth in this Indenture, including Sections 2.12(a)(ii) and 2.12(e), none of the Trustee, any Paying Agent, Conversion Agent, the Company
or the Registrar shall have any responsibility or obligation to any beneficial owner in the Global Securities, a member of, or a participant in the Depositary or other Person with respect to the
accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Global Securities or with respect to the delivery to any
participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Global
Securities. All notices and communications to be given to the Holders and all payments to be made to Holders under the Securities shall be given or made only to or upon the order of the registered
Holders (which shall be, in the case of a Global Security, the Depositary or its nominee). The rights of beneficial owners in the Global Securities shall be exercised only through the Depositary
subject to the applicable rules and procedures of the Depositary. Other than as set forth in this Indenture, the Trustee, any Paying Agent, the Conversion Agent, the Company and the Registrar may rely
and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners. Except as expressly set forth in this
Indenture, including Sections 2.12(a)(ii) and 2.12(e), the Trustee, each Paying Agent, the Conversion Agent, the Company and the Registrar shall be entitled to deal with any depositary
(including the Depositary), and any nominee thereof, that is the Holder of any Global Securities as a Holder for all purposes of this Indenture relating to such Global Securities (including the
payment of principal, Interest, Contingent Interest, if any, and Liquidated Damages, if any, and the giving of instructions or directions by or to the owner or Holder of a beneficial ownership
interest in such Global Securities) as the sole Holder of such Global Securities and shall have no obligations to the beneficial owners thereof. None of the Trustee, any Paying Agent, the Conversion
Agent, the Company or the Registrar shall have any responsibility or liability for any acts or omissions of any such depositary with respect to such Global Securities, for the records of any such
depositary, including records in respect of beneficial ownership interests in respect of any such Global Securities, for any transactions between such depositary and any participant in such depositary
or between or among any such depositary, any such participant and/or any holder or owner of a beneficial interest in such Global Securities or for any transfers of beneficial interests in any such
Global Securities. 

        (f)
The Trustee and the Registrar 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 Security (including any transfers between or among Agent Members or beneficial owners of interests in any Global Security)
other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if 

18

 

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. 

        The
Trustee shall have no responsibility for the actions or omissions of the Depositary, or the accuracy of the books and records of the Depositary. 

        Section 2.13.    CUSIP Numbers.    The Company may issue the Securities with one or more "CUSIP," "ISIN" or
other similar numbers (if then generally in use), and, if so, the Trustee shall use "CUSIP," "ISIN" or other similar numbers in notices of redemption 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 Securities or as contained in any notice of a redemption or purchase and that
reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall
promptly notify the Trustee of any change in the "CUSIP," "ISIN" or other similar numbers. 

        Section 2.14.    Contingent Debt Tax Treatment.    (a) The Company and each Holder, by acquiring a beneficial
interest in a Security, agree (i) to treat the Security as indebtedness for U.S. federal income tax purposes that is subject to the Treasury regulations governing contingent payment debt
instruments (the "contingent debt regulations"), (ii) that each Holder shall be bound by the Company's application of the contingent debt
regulations to the Security, including the Company's determination of the "comparable yield" and "projected payment schedule" within the meaning of the contingent debt regulations, and
(iii) that the Company and each Holder will not take any position on any U.S. federal income tax return that is inconsistent with (i) or (ii), unless required by applicable law. A Holder
may obtain the issue price, the amount of Tax Original Issue Discount, issue date, yield to maturity, comparable yield and projected payment schedule for the Security, as determined by the Company
pursuant to the contingent debt regulations, by submitting a written request to the Company at the following address: CompuCredit Corporation, 245 Perimeter Center Parkway, Suite 600, Atlanta, GA
30346, Attention: General Counsel. 

        (b)
Each Security shall bear a legend relating to U.S. federal income tax matters in the form set forth in Exhibits A and B. 

        Section 2.15.    Calculation of Tax Original Issue Discount.    The Company shall file with the Trustee
promptly at the end of each calendar year (i) a written notice specifying the amount of Tax Original Issue Discount (including daily rates and accrual periods) accrued on outstanding Securities
as of the end of such year and (ii) such other specific information relating to such Tax Original Issue Discount as may then be required under the Code or the Treasury regulations promulgated
thereunder. 

 
 

ARTICLE 3
  Redemption and Repurchases    
    

        Section 3.01.    Company's Right to Redeem; Make Whole Premium; Notices to Trustee.    Prior to May 29,
2009, the Securities shall not be redeemable at the Company's option. The Company, at its option, may redeem the Securities, in whole or in part, (1) at any time on or after May 30, 2009
and prior to May 30, 2012, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day prior
to the mailing of the notice of redemption exceeds 140% of the applicable Conversion Price and (2) at any time on or after May 30, 2012, in each case for U.S. legal tender
("cash") at a redemption price (the "Redemption Price") equal to 100% of the principal amount of the
Securities redeemed, plus any accrued and unpaid Interest, accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on the Securities redeemed up to, but not
including, the Redemption Date; provided, that if the Company redeems Securities after May 30, 2009 and prior to May 30, 2012, then, in addition to the foregoing, the Redemption Price
shall include the Make Whole Premium. If the 

19

 

Redemption
Date is on a date that is after an Interest Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the
Securities redeemed, but shall not include accrued and unpaid Interest, accrued and unpaid Contingent Interest, if any, and Liquidated Damages, if any. Instead, the Company shall pay such Interest,
Contingent Interest, if any, and Liquidated Damages, if any, on the Interest Payment Date to the Holder of record on the corresponding Interest Record Date. If the Company elects to redeem Securities
pursuant to this Section 3.01, it shall notify the Trustee in writing of such election together with the Redemption Date, the Conversion Rate, the principal amount of Securities to be redeemed
and the Redemption Price. Notwithstanding the foregoing, the Company may not redeem the Securities if it has failed to pay any Interest, including Contingent Interest, if any, and Liquidated Damages,
if any, on the Securities when due and such failure is continuing. 

        The
Company shall give the notice to the Trustee provided for in this Section 3.01 by a Company Order, at least 30 days, but not more than 60 days before the
Redemption Date (unless a shorter notice shall be satisfactory to the Trustee). 

        Section 3.02.    Selection of Securities to Be Redeemed.    If less than all of the Securities are to be
redeemed, unless the procedures of the Depositary provide otherwise, the Trustee shall select the Securities to be redeemed by lot, on a pro rata basis or by another method the Trustee considers fair
and appropriate (so long as such method is not prohibited by the rules of any stock exchange or quotation association on which the Securities are then traded or quoted). The Trustee may select for
redemption portions of the principal amount of Securities that have denominations larger than $1,000. 

        Securities
and portions of Securities that the Trustee selects shall be in principal amounts of $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to
Securities called for redemption also apply to portions of Securities called for redemption. The Trustee shall notify the Company promptly (but in any case within 7 days of the Company Order
referred to in Section 3.01) of the Securities or portions of the Securities selected to be redeemed and, in the case of any Securities selected for partial redemption, the method it has chosen
for the selection of the Securities. 

        Following
a notice of redemption, Securities and portions of Securities are convertible, pursuant to Section 10.01(a)(2), by the Holder until the close of business on the Business
Day prior to the Redemption Date. If any Security selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the Security so
selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities that have been converted during a selection of Securities to
be redeemed may be treated by the Trustee as outstanding for the purpose of such selection. 

        Section 3.03.    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 (substantially in the form of Exhibit D) by first-class mail, postage prepaid, to each Holder of Securities to be redeemed. 

        The
notice shall identify the Securities to be redeemed and shall state (along with any other information the Company wishes to include): 

	(1)
	the
Redemption Date;

	(2)
	the
Redemption Price;

	(3)
	the
Conversion Rate;

	(4)
	the
name and address of the Paying Agent and Conversion Agent;

	(5)
	that
Securities may be converted at any time before the close of business on the Business Day prior to the Redemption Date; 

20

 

	(6)
	that
Securities called for redemption and not converted shall be redeemed on the Redemption Date;

	(7)
	that
Holders who want to convert their Securities must satisfy the requirements set forth in Article 10 hereof;

	(8)
	that
Securities called for redemption must be surrendered to the Paying Agent (by effecting book-entry transfer of the Securities or delivering Certificated
Securities, together with necessary endorsements, as the case may be) to collect the Redemption Price;

	(9)
	if
fewer than all of the outstanding Securities are to be redeemed, the certificate numbers, if any, and principal amounts of the particular Securities to be redeemed;

	(10)
	that,
unless the Company defaults in making payment of such Redemption Price, Interest, Contingent Interest, if any, and Liquidated Damages, if any, the Securities
called for redemption shall cease to accrue from and after the Redemption Date; and

	(11)
	the
"CUSIP," "ISIN" or other similar number(s), as the case may be, of the Securities being redeemed. 

        At
the Company's request, the Trustee shall give the notice of redemption in the Company's name and at the Company's expense; provided, that the Company makes such request at least seven
Business Days (or such shorter period as may be satisfactory to the Trustee) prior to the date by which such notice of redemption must be given to Holders in accordance with this Section 3.03. 

        Section 3.04.    Effect of Notice of Redemption.    Once notice of redemption is given, Securities called for
redemption become due and payable on the Redemption Date and at the Redemption Price stated in the notice except for Securities that are converted in accordance with the terms of this Indenture. Upon
surrender to the Paying Agent, such Securities shall be paid at the Redemption Price stated in the notice and from and after the Redemption Date (unless the Company shall default in the payment of the
Redemption Price) such Securities shall cease to bear Interest, Contingent Interest, if any, and Liquidated Damages, if any, and the rights of the Holders therein shall terminate (other than the right
to receive the Redemption Price). 

        Section 3.05.    Deposit of Redemption Price.    Prior to 10:00 a.m. (New York City time), on the
Redemption Date, the Company shall deposit with the Paying Agent (or if the Company or a Subsidiary or an Affiliate of either of them is the Paying Agent, shall segregate and hold in trust) money
sufficient to pay the Redemption Price of all Securities to be redeemed on that date other than Securities or portions of Securities called for redemption that on or prior thereto have been delivered
by the Company to the Trustee for cancellation or have been converted. The Paying Agent shall as promptly as practicable return to the Company any money not required for that purpose because of
conversion of Securities pursuant to Article 10. If such money is then held by the Company or a Subsidiary or an Affiliate of either in trust and is not required for such purpose it shall be
discharged from such trust. 

        Section 3.06.    Securities Redeemed in Part.    Upon surrender of a Security that is redeemed in part, the
Company shall execute and the Trustee shall, without charge, authenticate and deliver to the Holder a new Security in an authorized denomination equal in principal amount to the unredeemed portion of
the Security surrendered. 

        Section 3.07.    Repurchase of Securities by the Company at Option of the Holder.    (a) On each of
May 30, 2012, May 30, 2015 and May 30, 2020 (each, a "Repurchase Date"), each Holder shall have the option to require the Company
to repurchase Securities for which that Holder has properly delivered and not withdrawn a written Repurchase Notice (as described below) at a repurchase price in cash equal to 100% of the principal
amount of those Securities, plus accrued and unpaid Interest, 

21

 

accrued
and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on those Securities, up to, but not including, such Repurchase Date (the
"Repurchase Price"); provided, that, if the Repurchase Date is on a date that is after an Interest Record Date and on or prior to the corresponding
Interest Payment Date, the Repurchase Price shall be 100% of the principal amount of the Securities repurchased, but shall not include accrued and unpaid Interest, accrued and unpaid Contingent
Interest, if any, and Liquidated Damages, if any. Instead, the Company shall pay such accrued and unpaid Interest, Contingent Interest, if any, and Liquidated Damages, if any, on the Interest Payment
Date, to the Holder of record on the corresponding Interest Record Date. Not later than 30 Business Days prior to any Repurchase Date, the Company shall mail a Company Notice (substantially in the
form of Exhibit E) by first class mail to the Trustee and to each Holder (and to beneficial owners if required by applicable law). The Company Notice shall include a form of Repurchase Notice
to be completed by a Holder and shall state: 

	(i)
	the
Repurchase Price and the Conversion Rate;

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

	(iii)
	that
Securities as to which a Repurchase Notice has been given may be converted if they are otherwise convertible only in accordance with Article 10 hereof and
the terms of the Securities if the applicable Repurchase Notice has been withdrawn in accordance with the terms of this Indenture;

	(iv)
	that
Securities must be surrendered to the Paying Agent (by effecting book-entry transfer of the Securities or delivering Certificated Securities, together
with necessary endorsements, as the case may be) to collect payment;

	(v)
	that
the Repurchase Price for any security as to which a Repurchase Notice has been given and not withdrawn shall be paid promptly following the later of the Business
Day immediately following the Repurchase Date and the time of surrender of such Security as described in clause (iv) above;

	(vi)
	the
procedures the Holder must follow to exercise its right to require the Company to repurchase such Holder's Securities under this Section 3.07 and a brief
description of that right;

	(vii)
	briefly,
the conversion rights, if any, that exist at the date of the Company Notice or as a result of the Company Notice with respect to the Securities;

	(viii)
	the
procedures for withdrawing a Repurchase Notice;

	(ix)
	that,
unless the Company defaults in making payment on Securities for which a Repurchase Notice has been submitted, Interest, Contingent Interest, if any, or Liquidated
Damages, if any, on such Securities shall cease to accrue from and after the Repurchase Date; and

	(x)
	the
"CUSIP," "ISIN" or other similar number(s), as the case may be, of the Securities. 

        At
the Company's request, the Trustee shall give such Company Notice to each Holder in the Company's name and at the Company's expense; provided, however, that, in all cases, the text of
such Company Notice shall be prepared by the Company. 

        (b)
A Holder may exercise its rights specified in Section 3.07(a) upon delivery to the Paying Agent of a written notice of repurchase (a "Repurchase
Notice") during the period beginning at any time from the opening of business on the date that is 20 Business Days prior to the relevant Repurchase Date until the close of
business on such Repurchase Date, stating: 

	(i)
	if
Certificated Securities have been issued, the certificate number(s) of the Securities that the Holder shall deliver to be repurchased or, if Certificated Securities
have not been issued for 

22

 

such
Security, the Repurchase Notice shall comply with the appropriate Depositary procedures for book-entry transfer; 

	(ii)
	the
portion of the principal amount of the Security that the Holder shall deliver to be repurchased, which portion must be in principal amounts of $1,000 or an integral
multiple of $1,000; and

	(iii)
	that
such Security shall be repurchased by the Company as of the Repurchase Date pursuant to the terms and conditions specified in Section 6 of the Securities
and in this Section 3.07. 

        The
delivery of such Security (together with all necessary endorsements) to the Paying Agent at any time after delivery of the Repurchase Notice at the offices of the Paying Agent shall
be a condition to receipt by the Holder of the Repurchase Price therefor; provided, however, that such Repurchase Price shall be so paid pursuant to this Section 3.07 only if the Security
(together with all necessary endorsements) so delivered to the Paying Agent shall conform in all respects to the description thereof in the related Repurchase Notice. 

        The
Company shall repurchase from the Holder thereof, pursuant to this Section 3.07, a portion of a Security, 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 Security also apply to the repurchase of such portion of such Security. 

        Any
repurchase by the Company contemplated pursuant to the provisions of this Section 3.07 shall be consummated by the delivery of the consideration to be received by the Holder
promptly following the later of the Business Day immediately following the Repurchase Date and the time of delivery of the Security (together with all necessary endorsements or notifications of
book-entry transfer). 

        Notwithstanding
anything herein to the contrary, any Holder delivering to the Paying Agent the Repurchase Notice contemplated by this Section 3.07 shall have the right to withdraw
such Repurchase Notice by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.09 at any time prior to the close of business on the Repurchase Date. 

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

        Section 3.08.    Repurchase of Securities at Option of the Holder Upon a Fundamental Change.    (a) If
a Fundamental Change occurs, each Holder shall have the right, at such Holder's option, to require the Company to repurchase for cash all of such Holder's Securities not previously called for
redemption by the Company, or any portion thereof that is equal to or an integral multiple of $1,000 principal amount, at a repurchase price equal to 100% of the principal amount of those Securities,
plus accrued and unpaid Interest, accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on those Securities (the "Fundamental
Change Repurchase Price") to the date that is fixed by the Company that is not less than 20 days nor more than 60 days following the date of the notice of a
Fundamental Change mailed by the Company pursuant to Section 3.08(b) (the "Fundamental Change Repurchase Date"), subject to satisfaction by or on
behalf of the Holder of the requirements set forth in Section 3.08(c); provided, that, if the Fundamental Change Repurchase Date is on a date that is after an Interest Record Date and on or
prior to the corresponding Interest Payment Date, the Fundamental Change Repurchase Price shall be 100% of the principal amount of the Securities repurchased, but shall not include accrued and unpaid
Interest, accrued and unpaid Contingent Interest, if any, and Liquidated Damages, if any. Instead, the Company shall pay such Interest, Contingent Interest, if any, and Liquidated Damages, if any, on
the Interest Payment Date to the Holder of record on the corresponding Interest Record Date. 

23

 

        A
"Fundamental Change" shall be deemed to have occurred (i) upon a Change of Control or (ii) if less than 20% of the
outstanding shares of the Common Stock is beneficially owned by Persons other than the Permitted Owners. 

        (b)
No later than 15 days after the occurrence of a Fundamental Change, the Company shall mail a Company Notice of the Fundamental Change (substantially in the form of
Exhibit F) by first class mail to the Trustee and to each Holder (and to beneficial owners if required by applicable law). The Company Notice shall include a form of Fundamental Change
Repurchase Notice to be completed by the Holder and shall state: 

	(i)
	briefly,
the events causing a Fundamental Change and the date of such Fundamental Change;

	(ii)
	the
date by which the Fundamental Change Repurchase Notice pursuant to this Section 3.08 must be delivered to the Paying Agent in order for a Holder to exercise
the repurchase rights;

	(iii)
	the
Fundamental Change Repurchase Date;

	(iv)
	the
Fundamental Change Repurchase Price;

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

	(vi)
	the
Conversion Rate;

	(vii)
	that
the Securities as to which a Fundamental Change Repurchase Notice has been given may be converted if they are otherwise convertible pursuant to Article 10
hereof only if the Fundamental Change Repurchase Notice has been withdrawn in accordance with the terms of this Indenture;

	(viii)
	that
the Securities must be surrendered to the Paying Agent (by effecting book-entry transfer of the Securities or delivering Certificated Securities,
together with necessary endorsements, as the case may be) to collect payment;

	(ix)
	that
the Fundamental Change Repurchase Price for any Security as to which a Fundamental Change Repurchase Notice has been duly given and not withdrawn shall be paid
promptly following the later of the Business Day immediately following the Fundamental Change Repurchase Date and the time of surrender of such Security as described in clause (viii);

	(x)
	briefly,
the procedures the Holder must follow to exercise rights under this Section 3.08;

	(xi)
	briefly,
the conversion rights, if any, that exist on the Securities at the date of the Company Notice and as a result of such Fundamental Change;

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

	(xiii)
	that,
unless the Company defaults in making payment of such Fundamental Change Repurchase Price on Securities for which a Fundamental Change Repurchase Notice is
submitted, Interest, Contingent Interest and Liquidated Damages, if any, on Securities surrendered for purchase by the Company shall cease to accrue from and after the Fundamental Change Repurchase
Date; and

	(xiv)
	the
"CUSIP," "ISIN" or other similar number(s), as the case may be, of the Securities. 

        At
the Company's request, the Trustee shall give such Company Notice to each Holder in the Company's name and at the Company's expense; provided, however, that, in all cases, the text of
such Company Notice shall be prepared by the Company. 

        (c)
A Holder may exercise its rights specified in this Section 3.08 upon delivery of a written notice of repurchase (a "Fundamental Change Repurchase
Notice") to the Paying Agent at any time on or 

24

 

prior
to the close of business on the third Business Day before the Fundamental Change Repurchase Date, stating: 

	(i)
	if
Certificated Securities have been issued, the certificate number(s) of the Securities which the Holder shall deliver to be repurchased or, if Certificated Securities
have not been issued, the Fundamental Change Repurchase Notice shall comply with the appropriate Depositary procedures for book-entry transfer;

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

	(iii)
	that
such Security shall be repurchased pursuant to the terms and conditions specified in Section 6 of the Securities and in Section 3.08 of this
Indenture. 

        The
delivery of such Security (together with all necessary endorsements) to the Paying Agent with the Fundamental Change Repurchase Notice at the offices of the Paying Agent shall be a
condition to the receipt by the Holder of the Fundamental Change Repurchase Price therefor; provided, however, that such Fundamental Change Repurchase Price shall be so paid pursuant to this
Section 3.08 only if the Security (together with all necessary endorsements) so delivered to the Paying Agent shall conform in all respects to the description thereof set forth in the related
Fundamental Change Repurchase Notice. 

        The
Company shall repurchase from the Holder thereof, pursuant to this Section 3.08, a portion of a Security 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 Security also apply to the repurchase of such portion of such Security. 

        Any
repurchase by the Company contemplated pursuant to the provisions of this Section 3.08 shall be consummated by the delivery of the Fundamental Change Repurchase Price promptly
following the later of the Business Day following the Fundamental Change Repurchase Date or the time of delivery of such Security (together with all necessary endorsements or notifications of
book-entry transfer). 

        Notwithstanding
the foregoing, the Holders shall not have the right to require the Company to repurchase the Securities upon a Change of Control described in clause (3) of the
definition thereof if 90% or more of the consideration in the transaction or transactions constituting such Change of Control consists of shares of common stock traded or to be traded immediately
following such Change of Control on a U.S. national securities exchange or the Nasdaq National Market, and, as a result of such transaction or transactions, the Securities become convertible into such
common stock (and any rights attached thereto). 

        Notwithstanding
anything herein to the contrary, any Holder delivering to the Paying Agent the Fundamental Change Repurchase Notice contemplated by this Section 3.08(b) shall have
the right to withdraw such Fundamental Change Repurchase Notice by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.09 at any time prior to the close
of business on the Fundamental Change Repurchase Date. 

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

        Section 3.09.    Effect of Repurchase Notice or Fundamental Change Repurchase Notice.    (a) Upon
receipt by the Paying Agent of the Repurchase Notice or Fundamental Change Repurchase Notice specified in Section 3.07 or Section 3.08, as applicable, the Holder of the Security in
respect of which such Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, was given shall (unless such Repurchase Notice or Fundamental Change Repurchase Notice, as the case
may be, is withdrawn as specified in Section 3.09(b)) thereafter be entitled solely to receive the Repurchase Price or Fundamental Change Repurchase Price, as the case may be, with respect to
such Security 

25

 

whether
or not the Security is, in fact, properly delivered. Such Repurchase Price or Fundamental Change Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by
the Paying Agent, promptly following the later of (x) the Business Day following the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, with respect to such Security
(provided the conditions in Section 3.07 or Section 3.08, as applicable, have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder
thereof in the manner required by Section 3.07 or Section 3.08, as applicable. Securities in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given
by the Holder thereof may not be converted pursuant to and to the extent permitted by Article 10 hereof on or after the date of the delivery of such Repurchase Notice or Fundamental Change
Repurchase Notice unless such Repurchase Notice or Fundamental Change Repurchase Notice has first been validly withdrawn as specified in Section 3.09(b). 

        (b)
A Repurchase Notice or Fundamental Change Repurchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with
the Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, at any time (i) in the case of the Repurchase Notice, if received by the Paying Agent prior to the close of
business on the Repurchase Date or (ii) in the case of the Fundamental Change Repurchase Notice, if received by the Paying Agent prior to the close of business on the Fundamental Change
Repurchase Date, as the case may be, specifying: 

	(i)
	the
principal amount, if any, of such Security which remains subject to the original Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, and
which has been or shall be delivered for purchase by the Company;

	(ii)
	if
Certificated Securities have been issued, the certificate number, if any, of the Security in respect of which such notice of withdrawal is being submitted or, if
Certificated Securities have not been issued, that such withdrawal notice shall comply with the appropriate Depositary procedures; and

	(iii)
	the
principal amount of the Security with respect to which such notice of withdrawal is being submitted. 

        Section 3.10.    Deposit of Repurchase Price or Fundamental Change Repurchase Price.    Prior to
10:00 a.m. (local time in the City of New York) on the Business Day following the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, the Company shall deposit with
the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 2.04) an amount of
cash in immediately available funds sufficient to pay the aggregate Repurchase Price or Fundamental Change Repurchase Price, as the case may be, of all the Securities or portions thereof that are to
be purchased as of the Repurchase Date or Fundamental Change Repurchase Date, as the case may be. 

        Section 3.11.    Securities Purchased in Part.    Any Certificated Security that is to be purchased 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 Security, without service charge, a new Security or Securities, 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 Security so surrendered which is not purchased. 

        Section 3.12.    Covenant to Comply with Securities Laws upon Purchase of Securities.    When complying with
the provisions of Section 3.07 or Section 3.08 hereof (provided that such offer or purchase constitutes an "issuer tender offer" for purposes of Rule 13e-4 (which
term, as used herein, 

26

 

includes
any successor provision thereto) under the Exchange Act at the time of such offer or purchase), and subject to any exemptions available under applicable law, the Company shall
(i) comply with Rule 13e-4 and Rule 14e-1 (or any successor provision) and any other applicable tender offer rules under the Exchange Act, (ii) file
the related Schedule TO (or any successor schedule, form or report) under the Exchange Act, and (iii) otherwise comply with all Federal and state securities laws so as to permit the rights and
obligations under Sections Section 3.07 and Section 3.08 to be exercised in the time and in the manner specified in Sections Section 3.07 and Section 3.08. 

        Section 3.13.    Repayment to the Company.    The Trustee and the Paying Agent shall return to the Company any
cash that remains unclaimed as provided in Section 12 of the Securities, together with interest, if any, thereon (subject to the provisions of Section 7.01(f)), held by them for the
payment of the Repurchase Price or Fundamental Change Repurchase Price, as the case may be. 

 
 

ARTICLE 4
  Covenants    
    

        Section 4.01.    Payment of Securities.    The Company shall make all payments in respect of the Securities on
the dates and in the manner provided in the Securities or pursuant to this Indenture. Any amounts of cash in immediately available funds or shares of Common Stock to be given to the Trustee or Paying
Agent shall be deposited with the Trustee or Paying Agent by 10:00 a.m., New York City time, by the Company. The principal amount of, and Interest, Contingent Interest, if any, and Liquidated
Damages, if any, on the Securities, and the Redemption Price, Repurchase Price and the Fundamental Change Repurchase Price shall be considered paid on the applicable date due if on such date (which,
in the case of a Repurchase Price or a Fundamental Change Repurchase Price, shall be on the Business Day immediately following the applicable Repurchase Date or Fundamental Change Repurchase Date, as
the case may be) the Trustee or the Paying Agent holds, in accordance with this Indenture, cash or securities, if permitted hereunder, sufficient to pay all such amounts then due. 

        Section 4.02.    SEC and Other Reports.    The Company shall deliver to the Trustee, within 15 days
after it files such annual and quarterly reports, information, documents and other reports with the SEC, copies of its annual report and of the information, documents and other reports (or copies of
such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act;
provided, however, that the filing of any such reports, information or documents with the SEC on its EDGAR system (or any successor system on which filings are public accessible) shall be deemed to
satisfy such requirement. The Company shall also comply with the other provisions of TIA Section 314(a). 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 conclusively on Officer's Certificates). 

        Section 4.03.    Compliance Certificate.    The Company shall deliver to the Trustee within 120 days
after the end of each fiscal year of the Company (beginning with the fiscal year ending December 31, 2005) an Officer's Certificate, stating whether or not the signer thereof knows of any
Default by the Company and if the signer knows of any such Default, specifying all such Defaults and the nature and status thereof, and otherwise complying with Section 314(a)(4) of the TIA. 

        The
Company shall, so long as any of the Securities are outstanding, deliver to the Trustee, within 30 days of any executive officer of the Company becoming aware of any Default
or Event of Default in respect of the performance or observance of any covenant or agreement contained in this Indenture or the Securities, an Officer's Certificate specifying such Default or Event of
Default and what action the Company is taking or proposes to take with respect thereto. 

27

 

        Section 4.04.    Further Instruments and Acts.    The Company shall execute and deliver such further
instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the provisions of this Indenture. 

        Section 4.05.    Maintenance of Office or Agency.    The Company shall maintain in the Borough of Manhattan,
the City of New York, an office or agency of the Trustee, Registrar, Paying Agent and Conversion Agent where Securities may be presented or surrendered for payment, where Securities may be surrendered
for registration of transfer, exchange, purchase, redemption or conversion and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The
office of the Trustee, located at One Penn Plaza, Suite 1414, New York, New York 10119, shall initially be such office or agency for all of the aforesaid purposes. The Company shall give prompt
written notice to the Trustee of the location, and of any change in the location, of any such office or agency (other than a change in the location of the office of the Trustee). If at any time the
Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or
served at the address of the Trustee set forth in Section 12.02. 

        The
Company may also from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered for any or all such purposes and may from time
to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of
Manhattan, the City of New York, for such purposes. 

        Section 4.06.    Delivery of Certain Information.    At any time when the Company is not subject to
Section 13 or 15(d) of the Exchange Act, upon the request of a Holder or any beneficial owner of Securities or Holder or beneficial owner of shares of Common Stock issued upon conversion
thereof, the Company shall promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such Holder or any beneficial owner of Securities or Holder or beneficial owner
of shares of Common Stock, or to a prospective purchaser of any such security designated by any such Holder, as the case may be, to the extent required to permit compliance by such Holder or
beneficial owner with Rule 144A under the Securities Act in connection with the resale of any such security. "Rule 144A Information" shall
be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act. Whether a person is a beneficial owner shall be determined by the Company to the Company's reasonable
satisfaction. 

        Section 4.07.    Liquidated Damages Notice.    In the event that the Company is required to pay Liquidated
Damages to Holders of Securities pursuant to the Registration Rights Agreement, the Company shall provide written notice ("Liquidated Damages Notice")
to the Trustee of its obligation to pay Liquidated Damages prior to the required payment date for the Liquidated Damages, and the Liquidated Damages Notice shall set forth the amount of Liquidated
Damages to be paid by the Company on such payment date. The Trustee shall not at any time be under any duty to any Holder of Securities to determine the Liquidated Damages, or with respect to the
nature, extent or calculation of the amount of Liquidated Damages when made, or with respect to the method employed in such calculation of the Liquidated Damages. 

28

  

 
 

ARTICLE 5
  Successor Person    
    

        Section 5.01.    When Company May Merge or Transfer Assets.    The Company shall not consolidate with or merge
with or into any other Person or convey, transfer, sell, lease or otherwise dispose of all or substantially all of its properties and assets to any Person, unless: 

        (a)
the resulting, surviving or transferee person (the "successor Person") and, if any resulting Conversion Obligation relates to Public
Acquirer Common Stock that is not issued by such successor Person, such public acquirer, will be a corporation organized and existing under the laws of the United States of America, any State thereof
or the District of Columbia and the successor Person (if not the Company) and the public acquirer, as applicable, will expressly assume, by indenture supplemental hereto, executed and delivered to the
Trustee, in the form reasonably satisfactory to the Trustee, all of obligations of the Company or such successor Person and fully and unconditionally guarantee all of the obligations of the Company or
such successor Person under the Securities and this Indenture; 

        (b)
immediately after giving effect to such transaction (and treating any indebtedness which becomes an obligation of the successor Person as a result of such transaction as having been
incurred by such successor Person as the time of such transaction), no Default shall have occurred and be continuing; and 

        (c)
the Company shall have delivered to the Trustee an Officer's Certificate or an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer, sale or lease
and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with this Article 5 and that all conditions precedent herein provided
relating to such transaction have been satisfied. 

        For
purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise) of the properties and assets of one or more Subsidiaries (other than to the Company or another
Subsidiary), which, if such assets were owned by the Company, would constitute all or substantially all of the properties and
assets of the Company, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company. 

        The
successor Person formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein; and thereafter, except in
the case of a lease and obligations the Company may have under a supplemental indenture, the Company shall be discharged from all obligations and covenants under this Indenture and the Securities.
Subject to Section 9.06, the Company, the Trustee and the successor Person shall enter into a supplemental indenture to evidence the succession and substitution of such successor Person and
such discharge and release of the Company. 

 
 

ARTICLE 6
  Defaults and Remedies    
    

        Section 6.01.    Events of Default.    So long as any Securities are outstanding, each of the following shall
be an "Event of Default": 

        (a)
following the exercise by the Holder of the right to convert a Security in accordance with Article 10 hereof, the Company fails to comply with its obligations to deliver the
cash or shares of Common Stock, if any, required to be delivered as part of the applicable Conversion Settlement Distribution on the applicable Conversion Settlement Date and such failure continues
for a period of 5 days or more; 

2

 

        (b)
the Company defaults in its obligation to provide timely notice of a Fundamental Change to the Trustee and each Holder as required under Section 3.08(b); 

        (c)
the Company defaults in its obligation to redeem any Security, or any portion thereof, called for redemption by the Company pursuant to and in accordance with Section 3.01
hereof; 

        (d)
the Company defaults in the payment of the principal amount of any Security when due at maturity, redemption, upon repurchase or otherwise (including, without limitation, upon the
exercise by a Holder of its right to require the Company to repurchase such Securities pursuant to and in accordance with Section 3.07 or Section 3.08 hereof); 

        (e)
the Company defaults in the payment of any Interest or Contingent Interest or Liquidated Damages, if any, when due and payable, and continuance of such default for a period of
30 days; 

        (f)
the Company fails to perform or observe any term, covenant or warranty or agreement in the Securities or this Indenture (other than those referred to in clause (a) through
clause (e) above) and such failure continues for 60 days after receipt by the Company of a Notice of Default; 

        (g)
a failure to pay when due at maturity or a default, event of default or other similar condition or event (however described) that results in the acceleration of maturity of
indebtedness for borrowed money of the Company or the Significant Subsidiaries (other than indebtedness that is non-recourse to the Company or the Significant Subsidiaries) in an aggregate
principal amount of $50 million or more, unless such failure is cured or the acceleration is rescinded, stayed or annulled within 30 days after receipt by the Company of a Notice of
Default; 

        (h)
the entry by a court having jurisdiction in the premise of (i) a decree or order for relief in respect of the Company, in an involuntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law (a "Bankruptcy Law") or (ii) a decree or order adjudging the Company as
bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company, under any applicable Bankruptcy Law, or
appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property (other than its Subsidiaries), or
ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order described in clause (i) or (ii) above
is unstayed and in effect for a period of 60 consecutive days; and 

        (i)
(i) the commencement by the Company, of a voluntary case or proceeding under any applicable Bankruptcy Law or of any other case or proceeding to be adjudicated as bankrupt or
insolvent, (ii) the consent by the Company to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Bankruptcy Law or to
the commencement of any bankruptcy or insolvency case or proceeding against the Company, (iii) the filing by the Company of a petition or answer or consent seeking reorganization or relief
under any applicable Bankruptcy Law, (iv) the consent by the Company to the filing of such petition or to the appointment of or the taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property (other than its Subsidiaries), or (v) the making by the Company of a general
assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay its debts generally as they become due. 

        The
foregoing shall constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

        For
the avoidance of doubt, clauses (f) and (g) above shall not constitute an Event of Default until the Trustee notifies the Company, or the Holders of at least 25% in
aggregate principal amount of the 

3

 

Securities
at the time outstanding notify the Company and the Trustee, of such default and the Company does not cure such default (and such default is not waived) within the time specified in clauses
(f) and (g) above after actual receipt of such notice. Any such notice must specify the default, demand that it be remedied and state that such notice is a
"Notice of Default." 

        Section 6.02.    Acceleration.    If an Event of Default (other than an Event of Default specified in
Section 6.01(h) or Section 6.01(i)) occurs and is continuing (the Event of Default not having been cured or waived), the Trustee by notice to the Company, or the Holders of at least 25%
in aggregate principal amount of the Securities at the time outstanding by notice to the Company and the Trustee, may declare the principal amount of the Securities and any accrued and unpaid
Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on all the Securities to be immediately due and payable. Upon such a declaration, such
accelerated amount shall be due and payable immediately. If an Event of Default specified in Section 6.01(h) or Section 6.01(i) occurs and is continuing, the principal amount of
the Securities and any accrued and unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on all the Securities shall become and be
immediately due and payable without any declaration or other act on the part of the Trustee or any Securityholders. The Holders of a majority in aggregate principal amount of the Securities at the
time outstanding, by notice to the Trustee (and without notice to any other Securityholder), may rescind an acceleration and its consequences, and thereby waive the Events of Default giving rise to
such acceleration, if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of the principal amount of the
Securities and any accrued and unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, that have become due solely as a result of
acceleration. No such rescission shall affect any subsequent Event of Default or impair any right consequent thereto. 

        Section 6.03.    Other Remedies.    If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of the principal amount of the Securities and any accrued and unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid
Liquidated Damages, if any, on the Securities or to enforce the performance of any provision of the Securities or this Indenture. 

        The
Trustee may maintain a proceeding even if the Trustee does not possess any of the Securities or does not produce any of the Securities in the proceeding. A delay or omission by the
Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of, or acquiescence in, the Event of
Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 

        Section 6.04.    Waiver of Past Defaults.    The Holders of a majority in aggregate principal amount of the
Securities at the time outstanding, by notice to the Trustee (and without notice to any other Securityholder), may waive any existing or past Default and its consequences except (1) an Event of
Default described in clauses (a), (c), (d), and (e) of Section 6.01 or (2) an Event of Default in respect of a provision that under Section 9.02 cannot be amended without
the consent of each Securityholder affected. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. This
Section 6.04 shall be in lieu of Section 316(a)(1)(B) of the TIA and such Section 316(a)(1)(B) is hereby expressly excluded from this Indenture, as permitted by the TIA. 

        Section 6.05.    Control by Majority.    The Holders of a majority in aggregate principal amount of the
Securities at the time outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the
Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of other Securityholders
or 

4

 

would
involve the Trustee in personal liability; provided, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction or this Agreement. Prior
to taking any action under this Indenture, the Trustee may require indemnity satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. This
Section 6.05 shall be in lieu of Section 316(a)(1)(A) of the TIA and such Section 316(a)(1)(A) is hereby expressly excluded from this Indenture, as permitted by the TIA. 

        Section 6.06.    Limitation on Suits.    A Securityholder may not pursue any remedy with respect to this
Indenture or the Securities, except in case of a Default due to the non-payment of the principal amount of the Securities, any accrued and unpaid Interest, any accrued and unpaid
Contingent Interest, if any, or any accrued and unpaid Liquidated Damages, if any, unless: 

        (a)
the Holder gives to the Trustee written notice stating that a Default is continuing; 

        (b)
the Holders of at least 25% in aggregate principal amount of the Securities at the time outstanding make a written request to the Trustee to pursue the remedy; 

        (c)
such Holder or Holders offer reasonable security or indemnity to the Trustee against any costs, liability or expense; 

        (d)
the Trustee does not comply with the request within 60 days after receipt of such notice and offer of security or indemnity; and 

        (e)
the Holders of a majority in aggregate principal amount of the Securities at the time outstanding do not give the Trustee a direction inconsistent with the request during such
60-day period. 

        A
Securityholder may not use this Indenture to prejudice the rights of any other Securityholder or to obtain a preference or priority over any other Securityholder. 

        Section 6.07.
Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder
to receive payment of the principal amount of the Securities and any accrued and unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any,
in respect of the Securities held by such Holder, on or after the respective due dates expressed in the Securities or any Redemption Date, Repurchase Date or Fundamental Change Repurchase Date, and to
convert the Securities in accordance with Article 10, or to bring suit for the enforcement of any such payment or the right to convert on or after such respective dates, shall not be impaired
or affected adversely without the consent of such Holder. 

        Section 6.08.    Collection Suit by Trustee.    If an Event of Default described in clauses (a) through
(e) (other than (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 against the Company for the entire
amount owing with respect to the Securities and the amounts provided for in Section 7.07. 

        Section 6.09.    Trustee May File Proofs of Claim.    In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the
Company (other than its Subsidiaries) or of such other obligor or their creditors, the Trustee (irrespective of whether the principal amount of the Securities and any accrued and unpaid Interest,
accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, in respect of the Securities shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any such amount) shall be entitled and empowered, by intervention in such proceeding or
otherwise: 

        (a)
to file and prove a claim for the whole principal amount of the Securities and any accrued and unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and
unpaid 

5

 

Liquidated
Damages, if any, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel or any other amounts due the Trustee under Section 7.07) and of the Holders allowed in such judicial proceeding, and 

        (b)
to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.07. 

        Nothing
herein contained shall be deemed to authorize 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 Securities 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. 

        The
Company agrees not to object to the Trustee participating as a member of any official committee of creditors of the Company as it deems necessary or advisable. 

        Section 6.10.    Priorities.    Any money collected by the Trustee pursuant to this Article 6, and,
after an Event of Default, any money or other property distributable in respect of the Company's obligations under this Indenture, shall be paid out in the following order: 

        FIRST:
to the Trustee (including any predecessor Trustee) for amounts due under Section 7.07; 

        SECOND:
to the Securityholders for amounts due and unpaid on the Securities for the principal amount of the Securities and any accrued and unpaid Interest, any accrued and unpaid
Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, as the case may be, ratably, without preference or priority of any kind, according to such amounts due and payable on
the Securities; and 

        THIRD:
the balance, if any, to the Company. 

        The
Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10. At least 15 days before such record date, the Trustee
shall mail to each Securityholder and the Company a notice that states the record date, the payment date and the amount to be paid. 

        Section 6.11.    Undertaking for Costs.    In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant (other than the Trustee) in the
suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys' fees and expenses, against any party litigant in the
suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant
to Section 6.07 or a suit by Holders of more than 10% in aggregate principal amount of the Securities at the time outstanding. This Section 6.11 shall be in lieu of Section 315(e)
of the TIA and such Section 315(e) is hereby expressly excluded from this Indenture, as permitted by the TIA. 

        Section 6.12.    Waiver of Stay, Extension or Usury Laws.    The Company covenants (to the extent that it may
lawfully do so) that it shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other 

6

 

law
wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal amount of the Securities and any accrued and
unpaid Interest, any accrued and unpaid Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on Securities, as contemplated herein, or which may affect the covenants or the
performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not hinder,
delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 

 
 

Article 7
  Trustee    
    

        Section 7.01.    Duties of Trustee.    

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

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

	(i)
	the
Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied duties shall be read into this Indenture
against the Trustee; and

	(ii)
	in
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein,
upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture, but in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine such certificates and opinions to determine whether or not they conform to the requirements of this
Indenture, but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein. This Section 7.01(b) shall be in lieu of Section 315(a) of the TIA
and such Section 315(a) is hereby expressly excluded from this Indenture, as permitted by the TIA. 

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

	(i)
	this
Section 7.01(c) does not limit the effect of Sections 7.01(b) and 7.01(g);

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

	(iii)
	the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to
Section 6.05. 

        Subparagraphs
(c)(i), (ii) and (iii) shall be in lieu of Sections 315(d)(1), 315(d)(2) and 315(d)(3) of the TIA and such Sections 315(d)(1), 315(d)(2) and 315(d)(3) are
hereby expressly excluded from this Indenture, as permitted by the TIA. 

        (d)
Every provision of this Indenture that in any way relates to the Trustee is subject to this Section 7.01. 

        (e)
The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against any loss, liability or expense. 

7

 

        (f)
Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee (acting in any capacity hereunder) shall be
under no liability for interest on any money received by it hereunder unless otherwise agreed in writing with the Company (provided that any interest earned on money held by the Trustee in trust
hereunder shall be the property of the Company). 

        (g)
No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder,
or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 

        Section 7.02.    Rights of Trustee.    Subject to the provisions of Section 7.01: 

        (a)
the Trustee may conclusively rely and shall 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 (whether in original or facsimile form) believed by it to be genuine and to have
been signed or presented by the proper party or parties; 

        (b)
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action
hereunder, the Trustee (unless
other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officer's Certificate; 

        (c)
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

        (d)
the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith which it believes to be authorized or within its rights or powers conferred
under this Indenture; 

        (e)
the Trustee may consult with counsel selected by it and any advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or
suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 

        (f)
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders, pursuant to
the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred
therein or thereby; 

        (g)
any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be
sufficiently evidenced by a Board Resolution; 

        (h)
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to, during regular business hours, examine the books,
records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or
investigation; 

        (i)  [Reserved] 

8

 

        (j)
the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder; 

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

        (l)
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 Securities and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, Conversion
Agent or co-registrar may do the same with like rights. However, the Trustee must comply with Section 7.10 and Section 7.11. 

        Section 7.04.    Trustee's Disclaimer.    The Trustee makes no representation as to, and shall have no
responsibility for, the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company's use or application by the Company of the Securities or of the proceeds
from the Securities, it shall not be responsible for the correctness of any statement in the registration statement for the Securities under the Securities Act or in any offering document for the
Securities, the Indenture or the Securities (other than its certificate of authentication), or the determination as to which beneficial owners are entitled to receive any notices hereunder. 

        Section 7.05.    Notice of Defaults.    If a Default or Event of Default occurs and if it is known to the
Trustee, the Trustee shall give to each Securityholder notice of the Default or Event of Default within 90 days after it occurs or, if later, within 15 days after it is known to the
Trustee, unless such Default or Event of Default shall have been cured or waived before the giving of such notice. Notwithstanding the preceding sentence, except in the case of a Default or Event of
Default described in clauses (d) and (e) of Section 6.01, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines
that withholding the notice is in the interest of the Securityholders. The preceding sentence shall be in lieu of the proviso to Section 315(b) of the TIA and such proviso is hereby expressly
excluded from this Indenture, as permitted by the TIA. The Trustee shall not be deemed to have knowledge of a Default or Event of Default unless a Responsible Officer of the Trustee has received
written notice of such Default or Event of Default, which notice specifically references this Indenture and the Securities. 

        Section 7.06.    Reports by Trustee to Holders.    Within 75 days after each December 31
beginning with December 31, 2005, the Trustee shall mail to each Securityholder a brief report dated as of such December 31 that complies with TIA Section 313(a), if required by
such Section 313(a). The Trustee also shall comply with TIA Section 313(b). Any reports required by this Section 7.06 shall be transmitted by mail to Securityholders pursuant to
TIA Section 313(c). 

        A
copy of each report at the time of its mailing to Securityholders shall be mailed to the Company and filed with the SEC and each securities exchange, if any, on which the Securities
are listed. The Company agrees to notify the Trustee promptly whenever the Securities become listed on any securities exchange and of any delisting thereof. 

9

 

        Section 7.07.    Compensation and Indemnity.    The Company agrees: 

        (a)
to pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in writing for all services rendered by it hereunder (which
compensation shall not be limited (to the extent permitted by law) by any provision of law in regard to the compensation of a trustee of an express trust); 

        (b)
to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture
(including the reasonable compensation and the expenses, advances and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its own
negligence, willful misconduct or bad faith; and 

        (c)
to indemnify the Trustee or any predecessor Trustee and their agents for, and to hold them harmless against, any loss, damage, claim, liability, cost or expense (including reasonable
attorney's fees and expenses, and taxes (other than taxes based upon, measured by or determined by the income of the Trustee)) incurred without negligence, willful misconduct or bad faith on its part,
arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim (whether asserted by the Company or any
Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

        To
secure the Company's payment obligations under this Section 7.07, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the
Trustee, except that held in trust to pay the principal amount of, or the Redemption Price, Repurchase Price, Fundamental Change
Repurchase Price, Interest, Contingent Interest or Liquidated Damages, if any, as the case may be, on particular Securities. 

        The
Company's payment, reimbursement and indemnity obligations pursuant to this Section 7.07 shall survive the satisfaction and discharge of this Indenture, the resignation or
removal of the Trustee and the termination of this Indenture for any reason. In addition to and without prejudice to its rights hereunder, when the Trustee incurs expenses or renders services in
connection with an Event of Default specified in Section 6.01(h) or Section 6.01(i), the expenses, including the reasonable charges and expenses of its counsel and the compensation for
services payable pursuant to Section 7.07(a), are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or similar laws. 

        For
the purposes of this Section 7.07, the "Trustee" shall include any predecessor Trustee; provided, however, that, except as may be otherwise agreed among the parties, the
negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

        Section 7.08.
Replacement of Trustee. The Trustee may resign at any time by so notifying the Company; provided, however, that no
such resignation shall be effective until a successor Trustee has accepted its appointment pursuant to this Section 7.08. The Holders of a majority in aggregate principal amount of the
Securities at the time outstanding may remove the Trustee by so notifying the Trustee and the Company in writing. The Company shall remove the Trustee if: 

        (a)
the Trustee fails to comply with Section 7.10; 

        (b)
the Trustee is adjudged bankrupt or insolvent; 

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

        (d)
the Trustee otherwise becomes incapable of acting. 

10

 

        If
the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint, by resolution of its Board of Directors, a
successor Trustee. 

        A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company satisfactory in form and substance to the retiring Trustee and the
Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this
Indenture. The successor Trustee shall mail a notice of its succession to Securityholders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee,
subject to the lien provided for in Section 7.07. 

        If
a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in
aggregate principal amount of the Securities at the time outstanding may petition any court of competent jurisdiction at the expense of the Company for the appointment of a successor Trustee. 

        If
the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a
successor Trustee. 

        So
long as no Default or Event of Default shall have occurred and be continuing, if the Company shall have delivered to the Trustee (i) a Board Resolution appointing a successor
Trustee, effective as of a date at least 60 days after delivery of such Resolution to the Trustee, and (ii) an instrument of acceptance of such appointment, effective as of such date, by
such successor Trustee in accordance with this Indenture, the Trustee shall be deemed to have resigned as contemplated in this Section 7.08, the successor Trustee shall be deemed to have been
accepted as contemplated in this Indenture, all as of such date, and all other provisions of this Indenture shall be applicable to such resignation, appointment and acceptance. 

        Section 7.09.    Successor Trustee by Merger.    If the Trustee consolidates with, merges or converts into, or
transfers all or substantially all its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person without any further act shall be the successor Trustee,
subject to Sections 7.10 and 7.11. 

        Section 7.10.    Eligibility; Disqualification.    The Trustee shall at all times satisfy the requirements of
TIA Sections 310(a)(1) and 310(b). The Trustee (or any parent holding company) shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report
of condition. Nothing herein contained shall prevent the Trustee from filing with the Commission the application referred to in the penultimate paragraph of TIA Section 310(b). 

        Section 7.11.    Preferential Collection of Claims Against the Company.    The Trustee shall comply with TIA
Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent
indicated therein. 

 
 

ARTICLE 8
  Discharge of Indenture    
    

        Section 8.01.    Discharge of Liability on Securities.    When (i) the Company causes to be delivered to
the Trustee all outstanding Securities (other than Securities replaced or repaid pursuant to Section 2.07) for cancellation or (ii) all outstanding Securities have become due and payable
and the Company deposits with the Trustee cash sufficient to pay all amounts due and owing on all outstanding Securities (other than Securities replaced pursuant to Section 2.07), and if in
either case the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 7.07, cease to be of further effect. The Trustee shall join in the
execution of a document 

11

 

prepared
by the Company acknowledging satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officer's Certificate. 

        Section 8.02.    Repayment to the Company.    The Trustee and the Paying Agent shall return to the Company upon
written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable abandoned property law.
After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person
and the Trustee and the Paying Agent shall have no further liability to the Securityholders with respect to such money or securities for that period commencing after the return thereof. 

        Section 8.03.    Application of Trust Money.    The Trustee shall hold in trust all money and other
consideration deposited with it pursuant to Section 8.01 and shall apply such deposited money and other consideration through the Paying Agent and in accordance with this Indenture to the
payment of amounts due on the Securities. Money and other consideration so held in trust is subject to the Trustee's rights under Section 7.07. 

 
 

ARTICLE 9
  Amendments    
    

        Section 9.01.    Without Consent of the Holders.    The Company and the Trustee may modify or amend this
Indenture or the Securities without the consent of any Securityholder to: 

        (a)
add guarantees with respect to the Securities; 

        (b)
remove any guarantee added to the Securities pursuant to clause (a) above, unless such guarantee is required pursuant to Section 5.01(a); 

        (c)
to conform, as necessary, this Indenture and the Securities to the "Description of Notes" as set forth in the Offering Memorandum; 

        (d)
add to the covenants of the Company for the benefit of the Holders of Securities; 

        (e)
surrender any right or power herein conferred upon the Company; 

        (f)
provide for conversion rights of the Holders of Securities if any reclassification or change of the Common Stock or any consolidation, merger or sale of all or substantially all of
the Company's assets occurs; 

        (g)
provide for the assumption by a successor Person of the Company's obligations to the Holders of Securities in the case of a merger, consolidation, conveyance, transfer or lease
pursuant to Article 5 hereof; 

        (h)
provide for uncertificated Securities in addition to or in place of Certificated Securities; provided, however, that uncertificated Securities are issued in registered form for
purposes of Section 163(f) of the Code or in a manner such that uncertificated Securities are described in Section 163(f)(2)(B) of the Code; 

        (i)
change the Conversion Rate in accordance with this Indenture; provided, however, that any increase in the Conversion Rate other than pursuant to Article 10 shall not adversely
affect the interests of the Holders of Securities (after taking into account U.S. federal income tax and other consequences of such increase); 

        (j)
comply with the requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA; 

12

 

        (k)
make any changes or modifications necessary in connection with the registration of the Securities under the Securities Act as contemplated in the Registration Rights Agreement;
provided, however, that any such change or modification does not, in the good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the Trustee, adversely
affect the interests of the Holders of Securities in any material respect; 

        (l)
cure any ambiguity or to correct or supplement any provision herein which may be inconsistent with any other provision herein or which is otherwise defective; provided, however, that
any such change or modification does not, in the good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the Trustee, adversely affect the interests of the
Holders of Securities in any material respect; 

        (m)
add or modify any other provisions herein with respect to matters or questions arising hereunder that the Company and the Trustee may deem necessary or desirable and which, in the
good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the Trustee, shall not adversely affect the interests of the Holders of Securities in any material
respect; 

        (n)
establish the form of Securities if issued in definitive form (substantially in the form of Exhibit B); or 

        (o)
evidence and provide for the acceptance of the appointment under this Indenture of a successor Trustee in accordance with the terms of this Indenture. 

        Section 9.02.    With Consent of Holders.    Except as provided below in this Section 9.02 and in
Section 9.01, this Indenture or the Securities may be amended, modified or supplemented, and noncompliance in any particular instance with any provision of this Indenture or the Securities may
be waived, in each case with the written consent of the Holders of at least a majority of the principal amount of the Securities at the time outstanding. 

        Without
the written consent or the affirmative vote of each Holder of Securities affected thereby, an amendment, supplement or waiver under this Section 9.02 may not: 

        (a)
reduce the principal amount of or change the maturity of any Security, or the payment date of any installment of Interest, Contingent Interest or Liquidated Damages payable on any
Security; 

        (b)
reduce the Redemption Price, Repurchase Price or Fundamental Change Repurchase Price of any Security or change the time at which or circumstances under which the Securities may be
redeemed or repurchased; 

        (c)
change the currency of payment of such Securities or Interest, Contingent Interest, Liquidated Damages, Redemption Price, Fundamental Change Repurchase Price or Repurchase Price
thereon; 

        (d)
alter the manner of calculation or rate of accrual of Interest, Contingent Interest or Liquidated Damages, or extend the time for payment of any such amount or the Redemption Price,
Fundamental Change Repurchase Price or Repurchase Price of any Security; 

        (e)
impair the right of any Holder to institute suit for the enforcement of any payment on or with respect to, or conversion of, any Security; 

        (f)
adversely affect the repurchase option of the Holders of the Securities as provided in Article 3 or the right of the Holders of the Securities to convert any Security as
provided in Article 10, except as otherwise permitted pursuant to Article 5 or Section 10.05 hereof; 

        (g)
modify the redemption provisions of Article 3 in a manner adverse to the Holders of the Securities; 

        (h)
change the Company's obligation to maintain an office or agency in the places and for the purposes specified in this Indenture; 

13

 

        (i)
modify any of the provisions of this Section, or reduce the percentage of the aggregate principal amount of outstanding Securities required to amend, modify or supplement the
Indenture or the Securities or waive an Event of Default, except to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each
outstanding Security affected thereby; or 

        (j)
reduce the percentage of the aggregate principal amount of the outstanding Securities the consent of whose Holders is required for any such supplemental indenture entered into in
accordance with this Section 9.02 or the consent of whose Holders is required for any waiver provided for in this Indenture. 

        It
shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, but it shall be sufficient if such
consent approves the substance thereof. 

        After
an amendment under this Section 9.02 becomes effective, the Company shall mail to each Holder a notice briefly describing the amendment. 

        Section 9.03.    Compliance With Trust Indenture Act.    Every supplemental indenture executed pursuant to this
Article shall comply with the TIA as then in effect. 

        Section 9.04.    Revocation and Effect of Consents, Waivers and Actions.    Until an amendment, waiver or other
action by the Holders becomes effective, a consent thereto by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the
Security that evidences the same obligation as the consenting Holder's Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent
Holder may revoke the consent, waiver or action as to such Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the date the amendment, waiver or action
becomes effective. After an amendment, waiver or action becomes effective, it shall bind every Securityholder. 

        Section 9.05.    Notice of Amendments, Notation on or Exchange of Securities.    Securities authenticated and
delivered after the execution of any supplemental indenture pursuant to this Article 9 may, and shall if required by the Company, bear a notation in form approved by the Company as to any
matter provided for in such supplemental indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such
supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for outstanding Securities. 

        The
Trustee shall hold in trust all money and other consideration deposited with it pursuant to Section 8.01 and shall apply such deposited money and other consideration through
the Paying Agent and in accordance with this Indenture to the payment of amounts due on the Securities. Money and other consideration so held in trust is subject to the Trustee's rights under
Section 7.07. 

        Section 9.06.    Trustee to Sign Supplemental Indentures.    The Trustee shall sign any supplemental indenture
authorized pursuant to this Article 9, provided that the amendment contained therein does not affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may,
but need not, sign
such supplemental indenture. In signing such supplemental indenture the Trustee shall receive, and (subject to the provisions of Section 7.01) shall be fully protected in relying upon, an
Officer's Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture. 

        Section 9.07.    Effect of Supplemental Indentures.    Upon the execution of any supplemental indenture under
this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities
theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

14

  

 
 

ARTICLE 10
  Conversions    
    

        Section 10.01.    Conversion Privilege.    (a) Subject to and upon compliance with the provisions of
this Article 10, a Holder of a Security shall have the right, at such Holder's option, to convert all or any portion (provided the portion to be converted is $1,000 principal amount or an
integral multiple thereof) of such Security prior to the close of business on the Business Day immediately preceding Stated Maturity into cash and shares of Common Stock, if any, at the Conversion
Rate (the "Conversion Obligation") in effect on the date of conversion only as follows: 

        (1)   during
any fiscal quarter of the Company (a "Fiscal Quarter") commencing after June 30, 2005 (and only during such
Fiscal Quarter), if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the immediately
preceding Fiscal Quarter is greater than or equal to 130% of the Conversion Price in effect on such last Trading Day; 

        (2)   at
any time prior to the close of business on the Business Day immediately preceding the Redemption Date, if the Company has called the Securities for redemption
pursuant to Article 3 hereof, even if the Securities are not otherwise convertible at that time; or 

        (3)   as
provided in clause (b) of this Section 10.01. 

        The
Company or, at its option, the Conversion Agent on behalf of the Company, shall determine on a daily basis during the time periods specified in Section 10.01(a)(1) whether the
Securities shall be convertible as a result of the occurrence of an event specified in such Sections and, if the Securities shall be so convertible, the Company or the Conversion Agent, as applicable,
shall promptly deliver to the Trustee and Conversion Agent or the Company, as applicable, written notice thereof. Whenever the Securities shall become convertible pursuant to this Section 10.01
(as determined in accordance with this Section 10.01), the Company shall promptly disseminate a press release through Dow Jones & Company, Inc. or Bloomberg Business News and
publish such information on the Company's Website or
through another public medium the Company may use at that time. Any notice so given shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. 

        (b)
In the event that: 

        (1)   (A)
the Company distributes to all holders of Common Stock rights or warrants entitling them to purchase, for a period expiring within 60 days after the date of
such distribution, Common Stock at less than the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the announcement date for such distribution; or (B) the
Company distributes to all holders of Common Stock assets (including cash), debt securities or rights or warrants to purchase the Company's securities, which distribution has a per share value as
determined by the Board of Directors exceeding 15% of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the announcement date of such distribution, then, in
either case, the Securities may be surrendered for conversion at any time on and after the date that the Company gives notice to the Holders of such distribution, which shall be not less than 20
Business Days prior to the Ex-Dividend Date for such distribution, until the earlier of the close of business on the Business Day immediately preceding the Ex-Dividend Date or
the date the Company announces that such distribution shall not take place, even if the Securities are not otherwise convertible at such time; provided, that no Holder of a Security shall have the
right to convert if the Holder may otherwise participate in such distribution without conversion; 

        (2)   a
Change of Control occurs pursuant to clause (1) of the definition thereof set forth above or clause (3) of the definition thereof set forth above
pursuant to which the Common 

2

 

Stock
is to be converted into cash, securities or other property, then the Securities may be surrendered for conversion at any time from and after the date which is 15 days prior to the
anticipated effective date of such transaction until 15 days after the actual effective date of such transaction (or, if such transaction also constitutes a Fundamental Change pursuant to which
Holders have a right to require the Company to repurchase the Securities pursuant to Section 3.08, until the Business Day immediately preceding the applicable Fundamental Change Repurchase
Date). The Company shall notify the Holders and the Trustee at the time the Company publicly announces the Change of Control transaction giving rise to the above conversion right (but in no event less
than 15 days prior to the effective date of such transaction). If the Company engages in any reclassification of the Common Stock (other than a subdivision or combination of its outstanding
Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value) or is party to a consolidation, merger, binding share exchange or transfer of all or
substantially all of its assets pursuant to which Holders of Common Stock would be entitled to receive cash, securities or other property, then at the effective time of such transaction, to the extent
that it constitutes a Change of Control as described in this paragraph above as giving rise to a conversion right, the Conversion Obligation and the Conversion Settlement Distribution shall be based
on the applicable Conversion Rate and the kind and amount of cash, securities or other property that a holder of one share of the Common Stock would have received in such transaction (such property,
collectively, the "Exchange Property"). In addition, if a Holder converts Securities following the effective time of any such transaction, any amounts
of the Conversion Settlement Distribution to be settled in shares of Common Stock shall be paid in such Exchange Property rather than shares of Common Stock. A Holder can require the Company to
repurchase all or a portion of its Securities pursuant to Section 3.08 or, subject to the terms and conditions of Section 10.01(c), if such Holder elects, instead, to convert all or a
portion of its Securities, such Holder shall receive Additional Shares upon conversion; or 

        (3)   a
Fundamental Change occurs pursuant to clause (ii) of the definition thereof set forth in Section 3.08(a), then the Securities may be surrendered for
conversion at any time from and after the date which is 15 days prior to the anticipated effective date of such event until 15 days after the actual effective date of such event (or, if
such event also constitutes a Fundamental Change pursuant to which Holders have a right to require the Company to repurchase the Securities pursuant to Section 3.08, until the Business Day
immediately preceding the applicable Fundamental Change Repurchase Date). The Company shall notify the Holders and the Trustee at the time the Company publicly announces the Fundamental Change event
giving rise to the above conversion right (but in no event less than 15 days prior to the effective date of such event). A Holder can require the Company to repurchase all or a portion of its
Securities pursuant to Section 3.08 or, subject to the terms and conditions of Section 10.01(c), if such Holder elects, instead, to convert all or a portion of its Securities, such
Holder shall receive Additional Shares upon conversion. 

        (c)
If and only to the extent a Holder timely elects to convert Securities in connection with either (A) a Change of Control specified in Section 10.01(b)(2) that occurs on
or prior to May 30, 2012, and 10% or more of the consideration for the Common Stock in such Change of Control transaction consists of consideration other than common stock traded or scheduled
to be traded immediately following such transaction on a U.S. national securities exchange or the Nasdaq National Market, or (B) a Fundamental Change as specified in Section 10.01(b)(3)
that occurs on or prior to May 30, 2012, then, in either case, the Conversion Rate shall be increased by an additional number of shares of Common Stock (the "Additional
Shares") as described below; provided, that, if the Stock Price paid in connection with such transaction is greater than $125.00 or less than $33.40 (subject in each case to
adjustment as described below), no Additional Shares shall be added to the Conversion Rate. Notwithstanding this Section 10.01(c), if the Company elects to adjust the Conversion Rate pursuant
to 

3

 

Section 10.01(d),
the provisions of Section 10.01(d) shall apply in lieu of the provisions of this Section 10.01(c). The Company shall notify Holders, at least 20 days
prior to the anticipated effective date of such transaction causing any increase of the Conversion Rate pursuant to this Section 10.01(c), whether the Company elects to increase the Conversion
Rate as described above or to adjust the Conversion Rate pursuant to Section 10.01(d). 

        The
number of Additional Shares to be added to the Conversion Rate as described in the immediately preceding paragraph shall be determined by reference to the table attached as
Schedule I hereto, based on the effective date of such Change of Control transaction specified in Section 10.01(b)(2) and the Stock Price paid in connection with such transaction and the
effective date of such Fundamental Change event specified in Section 10.01(b)(3) and the Stock Price at the effective time of such event; provided, that, if the Stock Price is between two Stock
Price amounts in the table or such effective date is between two effective dates in the table, the number of Additional Shares shall be determined by a straight-line interpolation between
the number of Additional Shares set forth for the higher and lower Stock Price amounts and the two dates, as applicable, based on a 360-day year. The "effective
date" with respect to a Change of Control transaction specified in Section 10.01(b)(2) and a Fundamental Change event specified in Section 10.01(b)(3) means the
date that such transaction or event becomes effective. 

        With
respect to any Securities tendered for conversion to which Additional Shares apply, any shares of Common Stock to be delivered upon conversion of such Securities pursuant to
Section 10.02 shall be delivered to Holders who elect to convert their Securities on the third Business Day following the date the settlement amount is determined. 

        The
Stock Prices set forth in the first row of the table in Schedule I hereto shall be adjusted as of any date on which the Conversion Rate of the Securities is adjusted pursuant
to Section 10.04. The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate
immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional Shares shall be adjusted in
the same manner as the Conversion Rate as set forth in Section 10.04. 

        Notwithstanding
the foregoing, in no event shall the total number of shares of Common Stock issuable upon conversion of the Securities exceed 29.9401 per $1,000 principal amount of
Securities, subject to adjustments in the same manner as the Conversion Rate as set forth in Section 10.04. 

        (d)
Notwithstanding the provisions of Section 10.01(c), in the case of a Change of Control that would lead to the issuance of Additional Shares as set forth in clause (c)
above that is also a Public Acquirer Change of Control, the Company may, in lieu of increasing the Conversion Rate by Additional Shares as described in Section 10.01(c), elect to adjust the
Conversion Rate and the related Conversion Obligation such that from and after the effective date of such Public Acquirer Change of Control, Holders of Securities shall be entitled to convert their
Securities (subject to the satisfaction of the conditions to conversion set forth in Section 10.01(a)) into Public Acquirer Common Stock. The Conversion Rate following the effective date of
such transaction will be a number of shares of Public Acquirer Common Stock equal to the product of the Conversion Rate in effect immediately before the Public Acquirer Change of Control times the
average of the quotients obtained, for each Trading Day in the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the effective date of such Public Acquirer Change of
Control (the "Valuation Period"), of: 

(i)
the Acquisition Value of our Common Stock on each such Trading Day in the Valuation Period, divided by 

(ii)
the Last Reported Sale Price of the Public Acquirer Common Stock on each such Trading Day in the Valuation Period. 

4

 

        The
"Acquisition Value" of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per
share of Common Stock in connection with such Public Acquirer Change of Control, as follows: 

(i)
for any cash, 100% of the face amount of such cash; 

(ii)
for any Public Acquirer Common Stock, 100% of the Last Reported Sale Price of such Public Acquirer Common Stock on such trading day; and 

(iii)
for any other securities, assets or property, the fair market value of such security, asset or property on such Trading Day, as determined by the Board of Directors. 

        "Public Acquirer Change of Control" means an event constituting a corporate transaction that would otherwise obligate the Company to
increase the Conversion Rate as described in Section 10.01(c) and the acquirer, the Person formed by or surviving the merger or consolidation or any entity that is direct or indirect
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of such Person's or Acquirer's Voting Stock has a class of common stock traded on a national
securities exchange or quoted on a U.S. national securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System or which shall be so traded or quoted when
issued or exchanged in connection with such Fundamental Change (the "Public Acquirer Common Stock"); provided, that, if, there is more than one of such
entity, the relevant entity shall be such entity with the most direct beneficial ownership to such acquirer's or Person's capital stock. 

        Upon
a Public Acquirer Change of Control, if the Company so elects, the Holders may convert their Securities (subject to the satisfaction of the conditions to conversion set forth in
Section 10.01(a)) at the adjusted Conversion Rate described above, but shall not be entitled to the increased Conversion Rate described in Section 10.01(c). The Company shall notify the
Holders of its election in its notice to the Holders pursuant to Section 10.01(b)(2) above. The Holders may convert their Securities upon a Public Acquirer Change of Control during the period
specified in Section 10.01(b)(2). In addition, the Holders can also, subject to certain conditions, require the Company to repurchase all or a portion of their Securities as described in
Section 3.08. 

        After
any adjustment of the Conversion Rate in connection with a Public Acquirer Change of Control, the Conversion Rate shall be subject to further similar adjustments in the event that
any of the events described in Section 10.03(a)(i) occur thereafter. 

        Section 10.02.    Conversion Procedure; Conversion Rate; Fractional Shares.    (a) Subject to
Section 10.01 and the Company's rights under Section 10.03, each Security shall be convertible at the office of the Conversion Agent into a combination of cash and fully paid and
nonassessable shares (calculated to the nearest 1/10,000th of a share) of Common Stock, if any at a rate (the "Conversion Rate") equal
to, initially, 23.0309 shares of Common Stock for each $1,000 principal amount of Securities. The Conversion Rate shall be adjusted in certain instances as provided in Section 10.04 hereof, but
shall not be adjusted for any accrued and unpaid Interest, Contingent Interest, or Liquidated Damages, if any. Upon conversion, no payment shall be made by the Company with respect to any accrued and
unpaid Interest, including Contingent Interest, if any. Instead, such amount shall be deemed paid by the applicable Conversion Settlement Distribution delivered upon conversion of any Security. In
addition, no payment or adjustment shall be made in respect of dividends on the Common Stock with a record date prior to the Conversion Date. Notwithstanding the foregoing, upon conversion, a Holder
shall receive any accrued and unpaid Liquidated Damages to the Conversion Date. The Company shall not issue any fraction of a share of Common Stock in connection with any conversion of Securities, but
instead shall, subject to Section 10.03 hereof, make a cash payment (calculated to the nearest cent) equal to such fraction multiplied by the Last Reported Sale Price of the Common Stock on the
Trading Day prior to the Conversion Date. 

5

 

        (b)
Before any Holder of a Security shall be entitled to convert the same into a combination of cash and Common Stock, if any, such Holder shall (1) in the case of Global
Securities, comply with the procedures of the Depositary in effect at that time for converting a beneficial interest in a Global Security, and in the case of Certificated Securities, surrender such
Securities, duly endorsed to the Company or in blank, at the office of the Conversion Agent, and (2) give written notice to the Company in the form on the reverse of such Certificated Security
(the "Conversion Notice") at said office or place that such Holder elects to convert the same and shall state in writing therein the principal amount of
Securities to be converted and the name or names (with addresses) in which such Holder wishes the certificate or certificates for Common Stock included in the Conversion Settlement Distribution, if
any, to be registered. 

        Before
any such conversion, a Holder also shall pay all taxes or duties, if any, as provided in Section 10.06 and any amount payable pursuant to Section 10.02(g). 

        If
more than one Security shall be surrendered for conversion at one time by the same Holder, the number of full shares of Common Stock, if any, that shall be deliverable upon conversion
as part of the Conversion Settlement Distribution shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted thereby) so
surrendered. 

        (c)
A Security shall be deemed to have been converted as of the close of business on the date (the "Conversion Date") that the Holder has
complied with Section 10.02(b). 

        (d)
The Company shall, on the Conversion Settlement Date, (i) pay the cash component (including cash in lieu of any fraction of a share to which such Holder would otherwise be
entitled) of the Conversion Obligation determined pursuant to Section 10.03 to the Holder of a Security surrendered for conversion, or such Holder's nominee or nominees, and (ii) issue,
or cause to be issued, and deliver to the Conversion Agent or to such Holder, or such Holder's nominee or nominees, certificates for the number of full shares of Common Stock, if any, to which such
Holder shall be entitled as part of such Conversion Obligation. The Company shall not be required to deliver certificates for shares of Common Stock while the stock transfer books for such stock or
the security register are duly closed for any purpose, but certificates for shares of Common Stock shall be issued and delivered as soon as practicable after the opening of such books or security
register, and the Person or Persons entitled to receive the Common Stock as part of the applicable Conversion Settlement Distribution upon such conversion shall be treated for all purposes as the
record holder or holders of such Common Stock, as of the close of business on the applicable Conversion Settlement Date. 

        (e)
In case any Security shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon the written order of the Holder
of the Security so surrendered, without charge to such Holder (subject to the provisions of Section 10.06 hereof), a new Security or Securities in authorized denominations in an aggregate
principal amount equal to the unconverted portion of the surrendered Securities. 

        (f)
By delivering the combination of cash and shares of Common Stock, if any, together with a cash payment in lieu of any fractional shares to the Conversion Agent or to the Holder or
such Holder's nominee or nominees, the Company shall have satisfied in full its Conversion Obligation with respect to such Security, and upon such delivery, accrued and unpaid Interest, if any, and
Contingent Interest, if any, with respect to such Security shall be deemed to be paid in full rather than canceled, extinguished or forfeited, and such amounts shall no longer accrue. 

        (g)
If a Securityholder delivers a Conversion Notice after the Interest Record Date for a payment of Interest (including Contingent Interest, if any), but prior to the corresponding
Interest Payment Date, such Securityholder must pay to the Company, at the time such Securityholder surrenders Securities for conversion, an amount equal to the Interest (including Contingent
Interest, if any, and excluding, for the avoidance of doubt, Liquidated Damages, if any), that has accrued and shall be paid 

6

 

on
the related Interest Payment Date. The preceding sentence shall not apply if (1) the Company has specified a Redemption Date that is after an Interest Record Date, but on or prior to the
corresponding Interest Payment Date, (2) the Company has specified a Fundamental Change Repurchase Date during such period referred to in clause (1) of this paragraph or (3) if
any overdue Interest exists at the time of conversion with respect to the Securities converted. 

        Section 10.03.    Payment Upon Conversion.    (a) Upon conversion of Securities, the Company shall
deliver to Holders surrendering Securities for conversion, for each $1,000 principal amount of Securities, a
settlement amount (the "Conversion Settlement Distribution") on the Conversion Settlement Date consisting of: 

(i)
cash amount (the "Cash Amount") equal to the lesser of $1,000 and the Conversion Value; and 

(ii)
to the extent the Conversion Value exceeds $1,000, a number of shares of Common Stock (the "Residual Value Shares") equal to the sum of the Daily
Share Amounts for each Trading Day of the Conversion Reference Period, subject to the Company's right to deliver cash in lieu of all or a portion of such Residual Value Shares. 

        The
"Daily Share Amount" means a number of shares equal to the quotient of: 

(I)(A)
the product of (x) the Last Reported Sale Price on that Trading Day, multiplied by (y) the Conversion Rate in effect on the Conversion Date, minus (B) $1,000, divided by 

(II)
the product of (A) Last Reported Sale Price on that Trading Day, multiplied by (B) 20. 

        Notwithstanding
the foregoing, the Company may elect to pay cash to the Holders of the Securities surrendered for conversion in lieu of all or a portion of the Residual Value Shares
issuable upon conversion of such Securities. If the Company elects to pay cash for all or a portion of the Residual Value Shares in lieu of delivery of the Common Stock, it shall inform the Holders
who have surrendered their Securities for conversion through the Trustee of the dollar amount to be satisfied in cash (expressed as a percentage of each Residual Value Share that will be paid in cash
in lieu of shares of the Common Stock) at any time on or before the date that is three (3) Business Days following the Company's receipt of such Conversion Notice ("Cash
Settlement Notice Period"), unless the Company has already informed the Holders of its election in connection with an optional redemption of the Securities under
Section 3.01. If the Company timely elects to pay cash for any portion of the shares of Common Stock otherwise issuable to the Holders of the Securities, each Holder may retract its respective
Conversion Notice at any time during the two Business Day period immediately following the Cash Settlement Notice Period (the "Conversion Retraction
Period"). If the Company does not make such an election, no such retraction can be made (and a Conversion Notice shall be irrevocable). The amount of cash payable to the
Holders in respect of each Residual Value Share otherwise issuable upon conversion shall equal the sum of the Residual Cash Value (as defined below) for such share of Common Stock calculated for each
day of the Conversion Reference Period. The "Residual Cash Value" for each date shall be the product of (1) the percentage of each Residual Value
Share otherwise issuable upon conversion that the Company elects to pay in cash, multiplied by (2) the cash value of the Daily Share Amount for such date. The cash value of the Daily Share
Amount shall be an amount equal to the product of (A) the Daily Share Amount for such date, multiplied by (B) the Last Reported Sale Price of the Common Stock for such date. 

        The
Company shall not issue fractional shares of Common Stock upon conversion of the Securities. Instead, the Company shall pay the cash value of such fractional shares based upon the
Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Conversion Date. In addition, if the Company chooses to settle all or any portion of the Residual Value Shares
in cash in connection with conversions within 20 days prior to the Stated Maturity or a specified 

7

 

Redemption
Date, the Company shall send, on or prior to Stated Maturity or the specified Redemptions Date, as the case may be, a single notice to the Trustee of the Residual Value Shares to be
satisfied in cash. 

        The
"Conversion Value" means the product of (1) the Conversion Rate in effect (plus any Additional Shares as described under
Section 10.01(c)) and (2) the average of the Last Reported Sale Prices of the Common Stock for the Trading Days during the Conversion Reference Period. 

        The
"Conversion Reference Period" with respect to any Securities means the 20 consecutive Trading Days beginning on the second Trading Day
after the Conversion Date, or if the Company elects to pay cash to Holders in lieu of all or a portion of the Residual Value Shares, the second Trading Day after the Conversion Retraction Period ends,
except in circumstances where conversions occur within 20 days prior to the Stated Maturity or a specified Redemption Date, in which case the Conversion Reference Period will be the 20
consecutive Trading Days beginning on the fifth Trading Day following the Stated Maturity or the Redemption Date, as the case may be. 

        (b)
If a Holder tenders Securities for conversion and the Conversion Value is being determined at a time when the Securities are convertible into Exchange Property, the Conversion Value
of each Security shall be determined based on the kind and amount of such Exchange Property and the value thereof during the Conversion Reference Period. Settlement of Securities tendered for
conversion after the effective date of any transaction giving rise to Exchange Property shall be as set forth above. 

        For
the purposes of this Section, the Last Reported Sale Price of the Common Stock shall be deemed to equal the sum of (A) 100% of the value of any Exchange Property consisting of
cash received per share of Common Stock, (B) the Last Reported Sale Price of any Exchange Property received per share of Common Stock consisting of securities that are traded on a U.S. national
securities exchange or approved for quotation on the Nasdaq National Market and (C) the Fair Market Value of any other Exchange Property received per share, as determined by two independent
nationally recognized investment banks selected by the Company for this purpose. Settlement (in cash and/or shares) will occur on the third Business Day following the date the settlement amount is
determined. 

        Section 10.04.    Adjustment of Conversion Rate.    The Conversion Rate shall be adjusted from time to time by
the Company in accordance with this Section 10.04: 

        (a)
In case the Company shall hereafter pay a dividend or make a distribution to all holders of the outstanding Common Stock in shares of Common Stock, 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 date following the date fixed for the determination of
stockholders entitled to receive such dividend or other distribution by a fraction, 

(i)
the numerator of which shall be the sum of (A) the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus (B) the total
number of shares of Common Stock constituting the 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 date fixed for such determination, 

such
increase to become effective immediately after the opening of business on the day following the date fixed for such determination. If any dividend or distribution of the type described in this
Section 10.04 is declared, but not so paid or made, the Conversion Rate shall again be adjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been
declared. 

        (b)
In case the Company shall issue rights, warrants or options to all holders of its outstanding shares of Common Stock entitling them (for a period expiring within 60 days after
the date of such distribution) to subscribe for or purchase shares of Common Stock at a price per share less than the 

8

 

Last
Reported Sale Price of the Common Stock on the day prior to the date upon which such distribution was publicly announced so that the same shall equal the rate determined by multiplying the
Conversion Rate in effect immediately prior to the date fixed for determination of stockholders entitled to receive such rights or warrants by a fraction, 

(i)
the numerator of which shall be the sum of (A) the number of shares of Common Stock outstanding on the date fixed for determination of stockholders entitled to receive such rights or
warrants plus (B) the total number of additional shares of Common Stock offered for subscription or purchase, and 

(ii)
the denominator of which is the sum of (A) the number of shares of Common Stock outstanding on the date fixed for determination of stockholders entitled to receive such rights or warrants
plus (B) the total number of additional shares of Common Stock that the aggregate offering price of the total number of shares of Common Stock offered for subscription or purchase would
purchase at the Last Reported Sale Price of the Common Stock on such date. 

Such
adjustment shall be successively made whenever any such rights or warrants are issued, and shall become effective immediately after the opening of business on the day following the date fixed for
determination of stockholders entitled to receive such rights or warrants. To the extent that shares of Common Stock are not delivered after the expiration of such rights 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 or warrants been made on the basis of delivery of only the number
of shares of Common Stock actually delivered. In the event that such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in
effect if such date fixed for the determination of stockholders entitled to receive such rights or warrants had not been fixed. In the event that the Holders of the Securities are entitled to
participate in the distribution on substantially the same terms as holders of the Common Stock as if such Holders of the Securities had converted their Securities solely into shares of Common Stock
immediately prior to such distribution at the then applicable Conversion Rate, then no adjustment pursuant to this Section 10.04(b) shall be made. In determining whether any rights, options or
warrants entitle the holders to subscribe for or purchase shares of Common Stock at less than such Last Reported Sale Price, and in determining the aggregate offering price of such shares of Common
Stock, there shall be taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, the value of such
consideration, if other than cash, to be determined by the Board of Directors. 

        (c)
In case outstanding shares of Common Stock shall be subdivided into a greater number of shares of Common Stock, the Conversion Rate in effect at the opening of business on the day
following the day upon which such subdivision becomes effective shall be proportionately increased, and conversely, in case outstanding shares of Common Stock shall be combined into a smaller number
of shares of Common Stock, the Conversion Rate in effect at the opening of business on the day following the day upon which such combination becomes effective shall be proportionately reduced, such
increase or reduction, as the case may be, to become effective immediately after the opening of business on the day following the day upon which such subdivision or combination becomes effective. 

        (d)
In case the Company shall, by dividend or otherwise, distribute to all holders of its Common Stock shares of any class of Capital Stock of the Company or evidences of its
indebtedness or assets (including securities, but excluding any rights, options or warrants referred to in Section 10.04(b) and excluding any dividend or distribution (x) paid
exclusively in cash or (y) referred to in Section 10.04(a)) (any of the foregoing hereinafter in this Section 10.04(d) called the "Distributed
Assets"), then, in each such case, the Conversion Rate shall be increased so that the same shall be equal to the rate 

9

 

determined
by multiplying the Conversion Rate in effect on the Record Date with respect to such distribution by a fraction, 

(i)
the numerator of which shall be the Current Market Price per share of the Common Stock on such Record Date with respect to such distribution, and 

(ii)
the denominator of which shall be the Current Market Price per share of the Common Stock on the Record Date with respect to such distribution less the Fair Market Value (as determined by the
Board of Directors and described in a resolution of the Board of Directors) on the Record Date of the portion of the Distributed Assets so distributed applicable to one share of Common Stock, 

such
adjustment to become effective immediately prior to the opening of business on the day following such Record Date; provided, however, that in the event (1) the then Fair Market Value (as
so determined) of the portion of the Distributed Assets so distributed applicable to one share of Common Stock is equal to or greater than the Current Market Price of the Common Stock on such Record
Date or (2) the Current Market Price of Common Stock on the Record Date exceeds the then Fair Market Value (as so determined) of the portion of the Distributed Assets so distributed applicable
to one share of Common Stock by less than $1.00, in lieu of the foregoing adjustment, adequate provision shall be made so that each Holder shall have the right to receive upon conversion the amount of
Distributed Assets such Holder would have received had such Holder converted each Security on the Record Date for such distribution. In the event that such dividend or distribution is not so paid or
made, the Conversion Rate shall be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. If the Board of Directors determines the Fair
Market Value of any distribution for purposes of this Section 10.04(d) by reference to the actual or when issued trading market for any securities, it must in doing so consider the prices in
such market over the same period used in computing the Current Market Price of the Common Stock. Notwithstanding anything herein to the contrary, no adjustment to the Conversion Rate will be made
pursuant to this Section 10.04(d) if the Holders of the Securities are entitled to participate in the distribution on substantially the same terms as holders of the Common Stock as if such
Holders of the Securities had converted their Securities solely into shares of Common Stock immediately prior to such distribution at the then applicable 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 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 this Section 10.04 (and no adjustment to the Conversion Rate under this Section 10.04 shall be required) until the occurrence of the
earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this
Section 10.04. If any such right or warrant, including any such existing rights or warrants distributed prior to the date of this Indenture, are subject to events, upon the occurrence of which
such rights or warrants become exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be
the date of distribution and record date with respect to new rights or warrants with such rights (and a termination or expiration of the existing rights or warrants without exercise by any of the
holders thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in the preceding sentence)
with respect thereto that was counted for purposes of calculating a distribution amount for which an adjustment to the Conversion Rate under this Section 10.04 was made, (1) in the case
of any such rights or warrants that shall all have been redeemed or repurchased without exercise by any holders thereof, the Conversion Rate shall 

10

 

be
readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share
redemption or repurchase price received by a holder or holders of Common Stock with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders
of Common Stock as of the date of such redemption or repurchase, and (2) in the case of such rights or warrants that shall have expired or been terminated without exercise by any holders
thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not been issued. 

        No
adjustment of the Conversion Rate shall be made pursuant to this Section 10.04(d) in respect of rights or warrants distributed or deemed distributed on any Trigger Event to the
extent that such rights or warrants are actually distributed, or reserved by the Company for distribution to Holders of Securities upon conversion by such Holders of Securities to Common Stock. 

        For
purposes of this Section 10.04(d) and Section 10.04(a) and Section 10.04(b), any dividend or distribution to which this Section 10.04(d) is applicable
that also includes shares of Common Stock, or rights 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 evidences of indebtedness, assets or shares of capital stock other than such shares of Common Stock or rights or warrants (and any Conversion Rate adjustment required by this
Section 10.04(d) 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 or
warrants (and any further Conversion Rate adjustment required by Section 10.04(a) and Section 10.04(b) with respect to such dividend or distribution shall then be made), except
(A) the Record Date of such dividend or distribution shall be substituted as "the date fixed for the determination of stockholders entitled to receive such dividend or other distribution," "the
date fixed for the determination of stockholders entitled to receive such rights or warrants" and "the date fixed for such
determination" within the meaning of Section 10.04(a) and Section 10.04(b), and (B) any shares of Common Stock included in such dividend or distribution shall not be deemed
"outstanding at the close of business on the date fixed for such determination" within the meaning of Section 10.04(a). 

        If
any Distributed Assets requiring any adjustment pursuant to this Section 10.04(d) consists of the Capital Stock of, or similar equity interests in, a Subsidiary or other
business unit of the Company that are or in connection with such distribution will be listed or quoted for trading on a U.S. national securities exchange or the Nasdaq National Market, the Conversion
Rate in effect immediately before the close of business on the Record Date fixed for determination of shareholders entitled to receive the distribution shall instead be increased by multiplying the
Conversion Rate then in effect by a fraction, (A) the numerator of which is the sum of (1) the average of the Last Reported Sale Prices of such distributed security for the 10 Trading
Days commencing on and including the fifth Trading Day after the Ex-Dividend Date on the Nasdaq National Market or such other national or regional exchange or market on which such
securities are then listed or quoted plus (2) the average of the Closing Prices of the Common Stock over the same Trading Day period and (B) the denominator of which is such average of
the Last Reported Sale Prices of the Common Stock for the 10 Trading Days commencing on and including the fifth Trading Day after the Ex-Dividend Date on the Nasdaq National Market or such
other national or regional exchange or market on which the securities are then listed or quoted. 

        (e)
In case the Company shall, by dividend or otherwise, distribute to all holders of its Common Stock cash (an "Extraordinary Cash
Dividend") (excluding any dividend or distribution in connection with the liquidation, dissolution or winding up of the Company, whether voluntary or involuntary), then, in
such case, the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion Rate in effect immediately prior to the close of business on the Record
Date for such Extraordinary Cash Dividend by a fraction, 

(i)
the numerator of which shall be the Current Market Price of the Common Stock on such Record Date, and 

11

 

(ii)
the denominator of which shall be such Current Market Price of the Common Stock minus the amount per share of such dividend or the amount of cash so distributed applicable to one share of Common
Stock, 

such
adjustment to be effective immediately prior to the opening of business on the day following such Record Date; provided, however, that in the event the portion of the cash so distributed
applicable to one share of Common Stock is equal to or greater than the Current Market Price of the Common Stock on such Record Date, in lieu of the foregoing adjustment, adequate provision shall be
made so that each Holder shall have the right to receive upon conversion the amount of cash such Holder
would have received had such Holder converted each Security on such Record Date. In the event that such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to
be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 

        (f)
In case a tender or exchange offer, other than an odd-lot offer, made by the Company, any Subsidiary or any Permitted Owner for all or any portion of the Common Stock
shall expire and such tender or exchange offer (as amended upon the expiration thereof) shall require the payment to stockholders of consideration per share of Common Stock having a Fair Market Value
(as determined by the Board of Directors, whose determination shall be conclusive and described in a resolution of the Board of Directors) that as of the last time (the
"Expiration Time") tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended) exceeds the Last Reported Sale
Price of the Common Stock on the Trading Day next succeeding the Expiration Time, the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion
Rate in effect immediately prior to the Expiration Time by a fraction, 

(i)
the numerator of which shall be the sum of (x) the Fair Market Value (determined as aforesaid) of the aggregate consideration payable to stockholders based on the acceptance (up to any
maximum specified in the terms of the tender or exchange offer) of all shares validly tendered or exchanged and not withdrawn as of the Expiration Time (the shares deemed so accepted up to any such
maximum, being referred to as the "Purchased Shares") and (y) the product of the number of shares of Common Stock outstanding (less any Purchased
Shares) at the Expiration Time and the Last Reported Sale Price of the Common Stock on the first Trading Day after the Expiration Time, and 

(ii)
the denominator of which shall be the product of the number of shares of Common Stock outstanding (including any Purchased Shares) at the Expiration Time multiplied by the Last Reported Sale
Price of the Common Stock on the first Trading Day after the Expiration Time, 

such
adjustment to become effective immediately prior to the opening of business on the day following the Expiration Time. In the event that the Company is obligated to purchase shares pursuant to any
such tender or exchange offer, but the Company is permanently prevented by applicable law from effecting any such purchases or all such purchases are rescinded, the Conversion Rate shall again be
adjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made. 

        (g)
The Company may make such increases in the applicable Conversion Rate, in addition to those required by this Section 10.04, as the Board of Directors considers to be advisable
to avoid or diminish any U.S. federal income tax to holders of Common Stock resulting from any stock distribution; provided, however, that such increase in the applicable Conversion Rate shall not
adversely affect the interests of the Holders of Securities (after taking into account U.S. federal income tax and other consequences of such increase). 

12

 

        To
the extent permitted by applicable law and the listing requirements of the Nasdaq National Market or any national securities exchange on which the Common Stock is then listed, the
Company from time to time may increase the Conversion Rate by any amount for any period of time if the period is at least twenty (20) days, the increase is irrevocable during the period and the
Board of Directors shall have made a determination that such increase would be in the best interests of the Company, which determination shall be conclusive. Whenever the Conversion Rate is increased
pursuant to the preceding sentence, the Company shall mail to the Holders of record of the Securities 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 shall be in effect. 

        (h)
All calculations under this Article 10 shall be made by the Company and shall be made to the nearest cent or to the nearest one-ten thousandth of a share, as the
case may be, with one half-cent and 0.005 of a share, respectively, being rounded upward. No adjustment to the Conversion Rate shall be required (except in the case of
Section 10.04(e)) unless the adjustment requires an increase or decrease of at least 1.0% of the Conversion Rate. However, any adjustments which are not required to be made because they would
have required an increase or decrease of less than 1.0% shall be carried forward and be made on the first to occur of (i) any subsequent adjustment, (ii) the first day of the next
calendar year and (iii) upon any conversion of the Securities. Notwithstanding the foregoing, no adjustment need be made for any other reasons other than those specified in
Section 10.04(a)-(g), including the following: 

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

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

(iii)
the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security outstanding as of the date the Securities were first
issued; or 

(iv)
a change in the par value of the Common Stock. 

        To
the extent the Securities become convertible into cash, assets, property or securities (other than Capital Stock of the Company), no adjustment need be made thereafter as to the cash,
assets, property or such securities. 

        (i)
Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly file with the Trustee and any Conversion Agent (if other than the Trustee) an Officer's
Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment. Unless and until a Responsible Officer of the Trustee
shall have received such Officer's Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate and may assume that the last Conversion Rate of which it has
knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted Conversion Rate and
the date on which each adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the Holder of each Security at its last address appearing on the Security
register provided for in Section 2.03 of this Indenture, within twenty (20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of any
such adjustment. 

13

 

        (j)
In any case in which this Section 10.04 provides that an adjustment shall become effective immediately after (1) a record date or Record Date for an event,
(2) the date fixed for the determination of stockholders entitled to receive a dividend or distribution pursuant to Section 10.04(a), (3) a date fixed for the determination of
stockholders entitled to receive rights or warrants pursuant to Section 10.04(b), (4) the effective date of any subdivision or combination of Common Stock or (5) the Expiration
Time for any tender or exchange offer pursuant to Section 10.04(f) (each a "Determination Date"), the Company may elect to defer until the
occurrence of the relevant Adjustment Event (as hereinafter defined) (x) issuing to the Holder of any Security converted after such Determination Date and before the occurrence of such
Adjustment Event, the additional shares of Common Stock or other securities issuable upon such conversion by reason of the adjustment required by such Adjustment Event over and above the Common Stock
issuable upon such conversion before giving effect to such adjustment and (y) paying to such Holder any amount in cash in lieu of any fraction pursuant to Section 10.04(a). For purposes
of this Section 10.04(j), the term "Adjustment Event" shall mean: 

(i)
in any case referred to in clause (1) hereof, the occurrence of such event, 

(ii)
in any case referred to in clause (2) hereof, the date any such dividend or distribution is paid or made, 

(iii)
in any case referred to in clause (3) hereof, the date of expiration of such rights or warrants, 

(iv)
in any case referred to in clause (4) hereof, the date of such subdivision or combination, and 

(v)
in any case referred to in clause (5) hereof, the date a sale or exchange of Common Stock pursuant to such tender or exchange offer is consummated and becomes irrevocable. 

        (k)
For purposes of this Section 10.04, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company, but shall
include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company shall not pay any dividend or make any distribution on shares of Common
Stock held in the treasury of the Company. 

        Section 10.05.    Effect of Reclassification, Consolidation, Merger or Sale.    (a) If any of the
following events occur, namely (i) any reclassification of the outstanding shares of Common Stock (other than a subdivision or combination to which Section 10.04(c) applies or a change
in par value), (ii) any consolidation, merger, binding share exchange or combination of the Company with another Person, or (iii) any sale or conveyance of all or substantially all the
properties and assets of the Company to any other Person, in each case as a result of which holders of Common Stock shall be entitled to receive Exchange Property with respect to or in exchange for
such Common Stock, then 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) providing for the conversion and settlement of the Securities as set forth in this Indenture. Such supplemental indenture shall
provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article 10. If, in the case of any such reclassification, change,
merger, consolidation, binding share exchange, combination, sale or conveyance, the Exchange Property receivable thereupon by a holder of Common Stock includes shares of stock or other securities and
assets of a corporation other than the successor or purchasing corporation, as the case may be, in such reclassification, change, merger, consolidation, statutory share exchange, combination, sale or
conveyance, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional provisions to protect the interests of the 

14

 

Holders
of the Securities as the Board of Directors shall reasonably consider necessary by reason of the foregoing. 

        (b)
The Conversion Obligation with respect to each $1,000 principal amount of Securities converted following the effective date of any such transaction, shall be calculated (as provided
in clause (c) below) based on the Exchange Property assuming such holder of Common Stock did not exercise his rights of election, if any, as to the kind or amount of Exchange Property
receivable upon such consolidation,
merger, binding share exchange, sale or conveyance (provided that, if the Exchange Property receivable upon such consolidation, merger, binding share exchange, sale or conveyance is not the same for
each share of Common Stock in respect of which such rights of election shall not have been exercised ("Non-Electing Share"), then for the
purposes of this Section 10.05 the Exchange Property receivable upon such consolidation, merger, binding share exchange, sale or conveyance for each Non-Electing Share shall be
deemed to be the kind and amount so receivable per share by a plurality of the Non-Electing Shares). 

        (c)
The Conversion Obligation in respect of any Securities converted following the effective date of any such transaction shall be computed in the same manner as set forth in
Section 10.03(a) except that (1) the Conversion Reference Period shall be the 10 Trading Day period beginning on the second Trading Day after the Conversion Date (or, in the event the
Conversion Date is on the Business Day prior to the Stated Maturity, the 10 Trading Day period beginning on the second Trading Day after the Stated Maturity), and (2) if the Securities become
convertible into Exchange Property, the Last Reported Sale Price of the Common Stock shall be deemed to equal the sum of (A) 100% of the value of any Exchange Property consisting of cash
received per share of Common Stock, (B) the Last Reported Sale Price of any Exchange Property received per share of Common Stock consisting of securities that are traded on a U.S. national
securities exchange or approved for quotation on the Nasdaq National Market and (C) the Fair Market Value of any other Exchange Property received per share, as determined by two independent
nationally recognized investment banks selected by the Company for this purpose. Settlement (in cash and/or shares) shall occur on the third Business Day following the date the settlement amount is
determined, provided, that any amount of the Conversion Settlement Distribution to be delivered in shares of Common Stock shall be paid in Exchange Property rather than shares of Common Stock. If the
Exchange Property includes more than one kind of property, the amount of Exchange Property of each kind to be delivered shall be in the proportion that the value of the Exchange Property (as
calculated pursuant to Section 10.03) of such kind bears to the value of all such Exchange Property. If the foregoing calculations would require the Company to deliver a fractional share or
unit of Exchange Property to a Holder of Securities being converted, the Company shall deliver cash in lieu of such fractional share or unit based on the value of the Exchange Property. 

        (d)
The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Holder of Securities, at its address appearing on the Security register provided
for in Section 2.03 of this Indenture, within twenty (20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental
indenture. 

        (e)
The above provisions of this Section 10.05 shall similarly apply to successive reclassifications, changes, consolidations, mergers, statutory share exchanges, combinations,
sales and conveyances. 

        If
this Section 10.05 applies to any event or occurrence, Section 10.04 shall not apply. 

        Section 10.06.    Taxes on Shares Issued.    The issue of stock certificates on conversions of Securities shall
be made without charge to the converting Holder for any tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any tax or
duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder of any Securities converted, and the Company shall not be
required to issue or deliver any such stock certificate unless and until the Person or Persons requesting 

15

 

the
issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

        Section 10.07.    Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Common
Stock.    (a) The Company shall provide, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares
of Common Stock for the conversion of the Securities from time to time as such Securities are presented for conversion. 

        (b)
Before taking any action that would cause an adjustment increasing the Conversion Rate to an amount that would cause the Conversion Price to be reduced below the then par value, if
any, of the shares of Common Stock issuable upon conversion of the Securities, the Company shall take all corporate action that may, in the opinion of its counsel, be necessary in order that the
Company may validly and legally issue shares of such Common Stock at such adjusted Conversion Rate. 

        (c)
(i) The Company covenants that all shares of Common Stock that may be issued upon conversion of Securities shall upon issue be fully paid and non-assessable by the
Company and free from all taxes, liens and charges with respect to the issue thereof. 

(ii)
The Company covenants that, if any shares of Common Stock to be provided for the purpose of conversion of Securities hereunder require registration with or approval of any governmental authority
under any federal or state law before such shares may be validly issued upon conversion, the Company shall in good faith and as expeditiously as possible, to the extent then permitted by the rules and
interpretations of the Securities and Exchange Commission (or any successor thereto), endeavor to secure such registration or approval, as the case may be. 

        Section 10.08.    Responsibility of Trustee.    The Trustee and any other Conversion Agent shall not at any
time be under any duty or responsibility to any Holder of Securities to determine the Conversion Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with
respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making
the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock, or of any securities or
property, which may at any time be issued or delivered upon the conversion of any Security; and the Trustee and any
other Conversion Agent make no representations with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any
shares of Common Stock or stock certificates or other securities or property or cash upon the surrender of any Security for the purpose of conversion or to comply with any of the duties,
responsibilities or covenants of the Company contained in this Article 10. Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be under any
responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 10.05 relating either to the kind or amount of shares of
stock or securities or property (including cash) receivable by Holders upon the conversion of their Securities after any event referred to in such Section 10.05 or to any adjustment to be made
with respect thereto, but, subject to the provisions of Section 7.01, may accept as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon the
Officer's Certificate (which the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto. 

        Section 10.09.    Notice to Holders Prior to Certain Actions.    In case: 

        (a)
the Company shall declare a dividend (or any other distribution) on its Common Stock that would require an adjustment in the Conversion Rate pursuant to Section 10.04; 

16

 

        (b)
the Company shall authorize the granting to the holders of all of its Common Stock of rights or warrants to subscribe for or purchase any share of any class or any other rights or
warrants that would require an adjustment in the Conversion Rate pursuant to Section 10.04(b); 

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

        (d)
of the voluntary or involuntary dissolution, liquidation or winding up of the Company; 

the
Company shall cause to be filed with the Trustee and to be mailed to each Holder of Securities at his address appearing on the register provided for in Section 2.03 of this Indenture, as
promptly as possible but in any event at least ten (10) days prior to the applicable date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the
purpose of such dividend, distribution of rights or warrants, or, if a record is not to be taken, the date as of which the holders of
the Common Stock of record to be entitled to such dividend, distribution or rights are to be determined, or (y) the date on which such reclassification, consolidation, merger, or statutory
share exchange, sale, transfer, dissolution, liquidation or winding up is expected to become effective or occur, and the date as of which it is expected that holders of the Common Stock of record
shall be entitled to exchange their Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, or statutory share exchange, sale, transfer,
dissolution, liquidation or winding up. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation,
merger, or statutory share exchange, sale, transfer, dissolution, liquidation or winding up. 

        Section 10.10.    Shareholder Rights Plan.    To the extent that the Company has a rights plan in effect upon
conversion of the Securities into Common Stock, a Holder who converts Securities shall receive, in addition to shares of Common Stock, the rights under the rights plan, unless prior to any conversion,
the rights have separated from the Common Stock, in which case the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all holders of the Common Stock, shares
of the Company's Capital Stock, evidences of indebtedness or assets as described in Section 10.04(d) above, subject to readjustment in the event of the expiration, termination or redemption of
such rights. In lieu of any such adjustment, the Company may amend such applicable shareholder rights agreement to provide that upon conversion of the Securities the Holders shall receive, in addition
to the Common Stock issuable upon such conversion, the rights that would have attached to Common Stock if the rights had not become separated from the Common Stock under such applicable shareholder
rights agreement. 

        Section 10.11.    Unconditional Right of Holders to Convert.    Notwithstanding any other provision in this
Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to convert its Security 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. 

 
 

ARTICLE 11
  Contingent Interest    
    

        Section 11.01.    Contingent Interest.    (a) The Company shall pay Contingent Interest with respect to
the Securities for any Contingent Interest Period if the average Trading Price of Securities for the five consecutive Trading Days ending on the third Trading Day immediately preceding the first day
of 

17

 

the
relevant Contingent Interest Period equals or exceeds 120% of the principal amount of such Securities. 

        (b)
The amount of Contingent Interest payable per $1,000 principal amount of Securities in respect of any Contingent Interest Period shall equal 0.25% per annum calculated on the average
Trading Price of $1,000 principal amount of Securities during the relevant five Trading Day period used to determine whether Contingent Interest must be paid. 

        (c)
The Company shall be responsible for calculating the amounts of Contingent Interest, if any, accrued on the Securities. The Company shall make any such calculations using the Trading
Price provided by the Bid Solicitation Agent. The Bid Solicitation Agent shall be entitled in its sole discretion to consult with the Company and to request the assistance of the Company in connection
with the Bid Solicitation Agent's duties pursuant to this Article 11, and the Company agrees, if requested by the Bid Solicitation Agent, to cooperate with, and provide assistance to, the
Trustee in carrying out its duties under this Article 11. 

        Section 11.02.    Payment of Contingent Interest.    Payments of Contingent Interest shall be made in the same
manner, at the same time, and subject to the same restrictions, including those restrictions in respect of accrued and unpaid interest on any Securities that are submitted for conversion, as payments
of Interest. 

        Section 11.03.    Contingent Interest Notification.    (a) By the first Business Day of a Contingent
Interest Period for which Contingent Interest shall be payable, the Company shall disseminate a press release containing this information or publish the information on its Website or through such
other public medium as it may use at that time. 

 
 

ARTICLE 12
  Miscellaneous    
    

        Section 12.01.    Trust Indenture Act Controls.    If any provision of this Indenture limits, qualifies, or
conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control. 

        Section 12.02.    Notices.    Any request, demand, authorization, notice, waiver, consent or communication by
the Company or the Trustee to the other is duly given if in writing and delivered in person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile
transmission to the following facsimile numbers: 

if
to the Company: 

CompuCredit
Corporation

245 Perimeter Center Parkway, Suite 600, Atlanta, GA 30346

Attn: Rohit H. Kirpalani, General Counsel

Facsimile: (770) 206-6187 

With
a copy to: 

Troutman
Sanders LLP

600 Peachtree Street, Suite 5200, Atlanta, Georgia 30308

Attention: W. Brinkley Dickerson, Jr.

Facsimile: (404) 962-6743 

if
to the Trustee: 

Wachovia
Bank, National Association

191 Peachtree Street, 23rd Floor, Atlanta, Georgia 30303-9094

18

 

Attention:
Corporate Trust Department

Facsimile: (404) 332-5295 

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

        Any
notice or communication given to a Securityholder shall be delivered to the Securityholder, in accordance with the procedures of the Registrar or by first-class mail, postage
prepaid, at the Securityholder's address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

        Failure
to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not received by the addressee; provided, however, that no notice to the Trustee shall be deemed to be duly given unless and until the
Trustee actually receives same at the address given above. 

        If
the Company mails a notice or communication to the Securityholders, it shall mail a copy to the Trustee and each Registrar, Paying Agent, Conversion Agent or co-registrar. 

        Section 12.03.    Communication by Holders with Other Holders.    Securityholders may communicate pursuant to
TIA Section 312(b) with other Securityholders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar, the Paying Agent, the Conversion
Agent and anyone else shall have the protection of TIA Section 312(c). 

        Section 12.04.    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
Officer's Certificate stating that, in the opinion of the signer, 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, in the opinion of such counsel, all such conditions precedent have been complied with. 

        Section 12.05.    Statements Required in Certificate or Opinion.    Each Officer's Certificate or Opinion of
Counsel with respect to compliance with a covenant or condition provided for in this Indenture shall include: 

        (1)   a
statement that each person making such Officer's Certificate or Opinion of Counsel has read such covenant or condition; 

        (2)   a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such Officer's Certificate or Opinion
of Counsel are based; 

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

        (4)   a
statement that, in the opinion of such person, such covenant or condition has been complied with. 

        Section 12.06.    Separability Clause.    In case any provision in this Indenture or in the Securities shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

19

 

        Section 12.07.    Rules by Trustee, Paying Agent, Conversion Agent and Registrar.    The Trustee may make
reasonable rules for action by or a meeting of Securityholders. The Registrar, the Conversion Agent and the Paying Agent may make reasonable rules for their functions. 

        Section 12.08.    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, and, if
the action to be taken on such date is a payment in respect of the Securities, no interest shall accrue with respect to such payment for the intervening period. 

        Section 12.09.    Governing Law.    THIS INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS RULES THEREOF. 

        Section 12.10.    No Recourse Against Others.    A director, officer, employee or stockholder, as such, of the
Company shall not have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of such obligations or their
creation. By
accepting a Security, each Securityholder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities. 

        Section 12.11.    Successors.    All agreements of the Company in this Indenture and the Securities shall bind
its successor. All agreements of the Trustee in this Indenture shall bind its successor. 

        Section 12.12.    Multiple Originals.    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. One signed copy is enough to prove this Indenture. 

	

 	
 	

COMPUCREDIT CORPORATION
	 	 	By:	 	/s/  RICHARD R. HOUSE, JR.      
 Name: Richard R. House, Jr.

Title: President
	 	 	By:	 	/s/  J. PAUL WHITEHEAD, III      
 Name: J. Paul Whitehead, III

Title: Chief Financial Officer
	

 	
 	

WACHOVIA BANK, NATIONAL

    ASSOCIATION, as Trustee
	

 	
 	

By:	
 	

/s/  THOMAS E. CLOWER      
 Name: Thomas E. Clower

Title: Vice President

20

  

 
 

EXHIBIT A    
    

[FORM
OF FACE OF GLOBAL SECURITY] 

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

        TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE TWO OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

        THE
SECURITY EVIDENCED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT OF 1933"), OR ANY STATE SECURITIES LAWS, AND MAY NOT
BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ACQUISITION HEREOF, THE HOLDER: 

	(1)
	REPRESENTS
THAT IT IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT OF 1933;

	(2)
	AGREES
THAT IT WILL NOT, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE") THAT IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE 3.625% CONVERTIBLE SENIOR
NOTES AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), RESELL OR OTHERWISE TRANSFER THE SECURITY EVIDENCED
HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY EXCEPT (A) TO COMPUCREDIT CORPORATION OR ANY SUBSIDIARY THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE
WITH RULE 144A UNDER THE SECURITIES ACT OF 1933, (C) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OF 1933 (IF AVAILABLE), OR (D) PURSUANT TO
A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT OF 1933 AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER; AND

	(3)
	AGREES
THAT IT WILL DELIVER TO EACH PERSON TO WHOM THE SECURITY EVIDENCED HEREBY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 2(C) OR 2(D) ABOVE) A NOTICE SUBSTANTIALLY TO
THE EFFECT OF THIS LEGEND. 

        The
foregoing legend may be removed from this Security upon the earlier of the Resale Restriction Termination Date or the transfer of the Securities pursuant to clause 2(C) or
2(D) above. 

        FOR
PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), THIS SECURITY IS BEING ISSUED WITH 

A-1

 

TAX
ORIGINAL ISSUE DISCOUNT. THE ISSUE PRICE OF THIS SECURITY IS $1,000 PER $1,000 OF PRINCIPAL AMOUNT, AND THE ISSUE DATE OF THIS SECURITY IS MAY 27, 2005. IN ADDITION, THIS SECURITY IS SUBJECT TO
UNITED STATES FEDERAL INCOME TAX REGULATIONS GOVERNING CONTINGENT PAYMENT DEBT INSTRUMENTS. FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE CODE, THE COMPARABLE YIELD OF THIS SECURITY IS 9.13%,
COMPOUNDED SEMI-ANNUALLY. 

        THE
COMPANY AGREES TO PROVIDE PROMPTLY TO THE HOLDER OF THIS SECURITY, UPON WRITTEN REQUEST, THE ISSUE PRICE, AMOUNT OF TAX ORIGINAL ISSUE DISCOUNT, ISSUE DATE, YIELD TO MATURITY,
COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO THE
COMPANY AT THE FOLLOWING ADDRESS: COMPUCREDIT CORPORATION, 245 PERIMETER CENTER PARKWAY, SUITE 600, ATLANTA, GA 30346, ATTENTION: GENERAL COUNSEL. 

        Pursuant
to Section 2.14 of the Indenture, the foregoing legend is required for U.S. federal income tax purposes. 

COMPUCREDIT
CORPORATION 

3.625%
Convertible Senior Notes Due 2025 

	CUSIP: 20478N AA 8

ISSUE DATE: May 27, 2005

No. R-1	 	Principal Amount: $250,000,000

        COMPUCREDIT
CORPORATION, a Georgia corporation, promises to pay to Cede & Co. or registered assigns, the principal amount of Two Hundred and Fifty Million Dollars, on
May 30, 2025. 

        Interest
Rate: 3.625% per year. 

        Interest
Payment Dates: May 30 and November 30 of each year, commencing November 30, 2005. 

        Interest
Record Date: May 15 and November 15 of each year. 

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

A-2

 

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

	

Dated: May 27, 2005	

COMPUCREDIT CORPORATION
	

 	

By:	

 Name: Richard R. House, Jr.

Title: President
	

 	

By:	

 Name: J. Paul Whitehead, III

Title: Chief Financial Officer
	

TRUSTEE'S CERTIFICATE OF AUTHENTICATION	

 	

 
	

WACHOVIA BANK, NATIONAL ASSOCIATION, as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.	

 	

 
	

By
                                        

Authorized Officer	

 	

 
	

Dated: May 27, 2005	

 	

 

A-3

 
 
 

[FORM OF REVERSE OF GLOBAL SECURITY]
  
    3.625% Convertible Senior Notes Due 2025    
    

        This Security is one of a duly authorized issue of 3.625% Convertible Senior Notes Due 2025 (the "Securities") of
CompuCredit Corporation, a Georgia corporation (including any successor corporation under the Indenture hereinafter referred to, the "Company"), issued
under an Indenture, dated as of May 27, 2005 (the "Indenture"), between the Company and Wachovia Bank, National Association, as trustee (the
"Trustee"). The terms of the Security include those stated in the Indenture, those made part of the Indenture by reference to the Trust Indenture Act of
1939, as amended ("TIA"), and those set forth in this Security. This Security is subject to all such terms, and Holders are referred to the Indenture
and the TIA 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 Security and the terms of the Indenture, the terms
of the Indenture shall control. Capitalized terms used but not defined herein have the meanings assigned to them in the Indenture unless otherwise indicated. 

1.     Interest. 

        The
Securities shall bear interest on the principal amount thereof at a rate of 3.625% per year. The Company shall pay Contingent Interest, if any, as set forth in the Indenture and in
Section 3 hereof. The Company shall also pay Liquidated Damages, if any, as set forth in Section 4.07 of the Indenture and the Registration Rights Agreement. 

        Interest
shall be payable semi-annually in arrears on each Interest Payment Date to Holders at the close of business on the preceding Interest Record Date. Interest shall be
computed on the basis of a 360-day year comprised of twelve 30 day months and shall accrue from May 27, 2005 or, beginning as of the first Interest Payment Date, from the
most recent Interest Payment Date. 

        The
Company shall pay Interest to the Securityholder of record on the Interest Record Date even if the Company elects to redeem or Securityholders elect to require the Company to
repurchase, the Securities on a date that is after an Interest Record Date but on or prior to the corresponding Interest Payment Date. In that instance, the Company shall pay accrued and unpaid
Interest on the Securities being redeemed to, but not including, the Redemption Date, the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, to the Securityholder of record
on the Interest Record Date. 

        If
the principal amount of any Security, or any accrued and unpaid Interest, Contingent Interest, if any, or Liquidated Damages, if any, are not paid when due (whether upon acceleration
pursuant to Article 6 of the Indenture, upon the date set for payment of the Redemption Price pursuant to Section 5 hereof, upon the date set for payment of the Repurchase Price or
Fundamental Change Repurchase Price pursuant to Section 6 hereof, upon the Stated Maturity of the Securities, upon the Interest Payment Dates or upon the Liquidated Damages Payment Dates as
defined in the Registration Rights Agreement), then in each such case the overdue amount shall, to the extent permitted by law, bear cash interest at the rate of 3.625% per annum, compounded
semiannually, which interest shall accrue from the date such overdue amount was originally due to the date payment of such amount, including interest thereon, has been made or duly provided for. All
such interest shall be payable in cash on demand but if not so demanded shall be paid quarterly to the Holders on the last day of each quarter. 

2.     Method of Payment. 

        Except
as provided below, the Company shall pay Interest, including Contingent Interest, if any, and Liquidated Damages, if any, on (i) Global Securities, to DTC in immediately
available funds, (ii) any Certificated Security having an aggregate principal amount of $2,000,000 or less, by check 

A-4

 

mailed
to the Holder of such Security and (iii) any Certificated Security having an aggregate principal amount of more than $2,000,000, by wire transfer in immediately available funds if
requested by the Holder of any such Security at least five business days prior to the relevant Interest Payment Date. 

        At
Stated Maturity, the Company shall pay Interest on Certificated Securities at the Company's office or agency maintained for that purpose, which initially shall be the office or agency
of the Trustee located at One Penn Plaza, Suite 1414, New York, New York 10119. 

        Subject
to the terms and conditions of the Indenture, the Company shall make payments in cash in respect of Redemption Prices, Repurchase Prices, Fundamental Change Repurchase Prices and
at Stated Maturity to Holders who surrender Securities to a Paying Agent to collect such payments in respect of the Securities. The Company shall pay cash amounts in money of the United States that at
the time of payment is legal tender for payment of public and private debts. However, the Company may make such cash payments by check payable in such money. 

3.     Contingent Interest. 

        The
Company shall pay Contingent Interest under the circumstances and in the amounts described in Article 11 of the Indenture. Such Contingent Interest, if any, shall be payable
in the same manner, at the same time, and subject to the same restrictions, including those restrictions in respect of accrued and unpaid interest on any Securities that are submitted for conversion,
as payments of Interest. 

4.     Indenture. 

        The
Securities are general unsecured obligations of the Company limited to $250,000,000 aggregate principal amount (plus such additional amount (up to an aggregate of $300,000,000)
purchased by the Initial Purchasers pursuant to the option described in Section 2.02 of the Indenture). The Indenture does not limit other indebtedness of the Company, secured or unsecured. 

5.     Redemption at the Option of the Company. 

        No
sinking fund is provided for the Securities. The Company may redeem the Securities, in whole or in part, (1) at any time on or after May 30, 2009 and prior to
May 30, 2012, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day prior to the
mailing of the notice of redemption exceeds 140% of the applicable Conversion Price and (2) at any time on or after May 30, 2012, in each case for cash at a redemption price (the
"Redemption Price") equal to 100% of the principal amount of the Securities redeemed, plus any accrued and unpaid Interest, accrued and unpaid
Contingent Interest, if any, and accrued and unpaid Liquidated Damages, if any, on the Securities redeemed up to, but not including, the Redemption Date; provided, that if the Company redeems
Securities after May 30, 2009 and prior to May 30, 2012, then, in addition to the foregoing, the Redemption Price shall include the Make Whole Premium. 

        In
no event shall any Security be redeemable before May 30, 2009. 

6.     Purchase By the Company at the Option of the Holder. 

        Subject
to the terms and conditions of the Indenture, the Company shall become obligated to repurchase, at the option of the Holder, all or any portion of the Securities held by such
Holder on May 30, 2012, May 30, 2015 and May 30, 2020 in integral multiples of $1,000 at a Repurchase Price equal to 100% of the principal amount of those Securities plus accrued
and unpaid Interest, accrued and unpaid Contingent Interest, if any, and Liquidated Damages, if any, on those Securities up to, but not including, the Repurchase Date. To exercise such right, a Holder
shall deliver to the Paying Agent a Repurchase Notice containing the information set forth in the Indenture, at any time from the 

A-5

 

opening
of business on the date that is 20 Business Days prior to such Repurchase Date until the close of business on the Repurchase Date, and shall deliver the Securities to the Paying Agent as set
forth in the Indenture. 

        At
the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to repurchase the Securities held by such Holder after the
occurrence of a Fundamental Change for a Fundamental Change Repurchase Price equal to the principal amount of those Securities plus accrued and unpaid Interest, accrued and unpaid Contingent Interest,
if any, and Liquidated Damages, if any, on those Securities up to, but not including, the Fundamental Change Repurchase Date. 

        Holders
have the right to withdraw any Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, by delivering to the Paying Agent a written notice of withdrawal in
accordance with the provisions of the Indenture. 

        If
cash sufficient to pay the Repurchase Price or Fundamental Change Repurchase Price, as the case may be, of all Securities or portions thereof to be purchased as of the Repurchase Date
or the Fundamental Change Repurchase Date, as the case may be, is deposited with the Paying Agent, Interest, Contingent Interest, if any, and Liquidated Damages, if any, shall cease to accrue on such
Securities (or portions thereof) on and following such Repurchase Date or Fundamental Change Repurchase Date, and the Holder thereof shall have no other rights as such other than the right to receive
the Repurchase Price or Fundamental Change Repurchase Price upon surrender of such Security. 

7.     Notice of Redemption. 

        Notice
of redemption pursuant to Section 5 of this Security shall be mailed at least 30 days but not more than 60 days before the Redemption Date to each Holder of
Securities to be redeemed at the Holder's registered address. If money sufficient to pay the Redemption Price of all Securities (or portions thereof) to be redeemed on the Redemption Date is deposited
with the Paying Agent prior to or on the Redemption Date, immediately on and after such Redemption Date Interest, Contingent Interest, if
any, and Liquidated Damages, if any, shall cease to accrue on such Securities or portions thereof. Securities in denominations larger than $1,000 principal amount may be redeemed in part but only in
integral multiples of $1,000 of principal amount. 

8.     Conversion. 

        Subject
to the occurrence of certain events and in compliance with the provisions of the Indenture (including, without limitation, the conditions to conversion of this Security set forth
in Section 10.01 thereof), a Holder is entitled, at such Holder's option, to convert the Holder's Security (or any portion of the principal amount thereof that is $1,000 or an integral multiple
of $1,000), into cash and fully paid and nonassessable shares of Common Stock, if any, at the Conversion Rate in effect at the time of conversion. 

        The
Company shall notify Holders of any event triggering the right to convert the Securities as specified in the Indenture. 

        A
Security in respect of which a Holder has delivered a Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, exercising the option of such Holder to require the
Company to purchase such Security, may be converted only if such Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, is withdrawn in accordance with the terms of the
Indenture. 

        The
initial Conversion Rate is 23.0309 shares of Common Stock per $1,000 principal amount, subject to adjustment in certain events described in the Indenture. The Conversion Rate shall
not be 

A-6

 

adjusted
for any accrued and unpaid Interest, accrued and unpaid Contingent Interest, if any or accrued and unpaid Liquidated Damages, if any. Upon conversion, no payment shall be made by the Company
with respect to accrued and unpaid Interest and accrued and unpaid Contingent Interest, if any. Instead, such amount shall be deemed paid by the cash and shares of Common Stock, if any, delivered upon
conversion of any Security. A Holder shall receive, however, accrued and unpaid Liquidated Damages, if any. In addition, no payment or adjustment shall be made in respect of dividends on the Common
Stock, except as set forth in the Indenture. 

        In
addition, following certain corporate transactions as set forth in Section 10.01(b) of the Indenture that occur on or prior to May 30, 2012 and that also constitute a
Change of Control pursuant to Section 10.01(b)(2) of the Indenture or a Fundamental Change pursuant to Section 10.01(b)(3) of the Indenture, as applicable, a Holder who elects to convert
its Securities in connection with such corporate transaction or event shall be entitled to receive Additional Shares of Common Stock upon
conversion. Notwithstanding the previous sentence, in the case of a Public Acquirer Change of Control, the Company may, in lieu of increasing the Conversion Rate by Additional Shares, elect to adjust
the Conversion Rate and Conversion Obligation such that from and after the effective date of such Public Acquirer Change of Control, Holders of the Securities shall be entitled to convert their
Securities into a number of shares of Public Acquirer Common Stock, as determined pursuant to Section 10.01(d) of the Indenture. 

        To
surrender a Security for conversion, a Holder must (1) complete and manually sign the Conversion Notice attached hereto (or complete and manually sign a facsimile of such
notice) and deliver such notice to the Conversion Agent, (2) surrender the Security to the Conversion Agent, (3) furnish appropriate endorsements and transfer documents, (4) if
required by Section 10.02(g) of the Indenture, pay Interest and Contingent Interest and (5) pay any transfer or similar tax, if required. 

        No
fractional shares of Common Stock shall be issued upon conversion of any Security. Instead of any fractional share of Common Stock that would otherwise be issued upon conversion of
such Security, the Company shall pay a cash adjustment as provided in the Indenture. 

        In
the event that the Company (i) is a party to a consolidation, merger, binding share exchange or combination, (ii) reclassifies the Common Stock, (iii) sells or
conveys all or substantially all of its property or assets to any Person, and as a result of any such event the Holders of Common Stock would be entitled to receive Exchange Property for their Common
Stock, upon conversion of the Securities after the effective date of such event, the Conversion Obligation and the Conversion Settlement Distribution shall be based on the applicable Conversion Rate
and the Exchange Property, in each case in accordance with the Indenture. 

9.     Paying Agent, Conversion Agent and Registrar. 

        Initially,
the Trustee shall act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent or Registrar without notice, other
than notice to the Trustee. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Conversion Agent or Registrar. 

10.   Denominations; Transfer; Exchange. 

        The
Securities are in fully registered form, without coupons, in denominations of $1,000 of principal amount and integral multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required
by law or permitted by the Indenture. The Registrar need not transfer or exchange any Securities selected for redemption (except, in the case of a Security to be redeemed in part, the portion of the
Security not to be redeemed) for a period of 15 days before the mailing of a notice of redemption of Securities to be 

A-7

 

redeemed
or any Securities in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given and not withdrawn (except, in the case of a Security to be purchased in part,
the portion of the Security not to be purchased). 

11.   Persons Deemed Owners. 

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

12.   Unclaimed Money or Securities. 

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

13.   Amendment; Waiver. 

        Subject
to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written consent of the Holders of at least a majority in
aggregate principal amount of the outstanding Securities and (ii) certain Events of Defaults may be waived with the written consent of the Holders of a majority in aggregate principal amount of
the outstanding Securities. Subject to certain exceptions set forth in the Indenture, without the consent of any Securityholder, the Company and the Trustee may amend the Indenture or the Securities
(i) to add guarantees with respect to the Securities, (ii) to remove any guarantee added to the Securities pursuant to clause (i), unless such guarantee is required pursuant to
Section 5.01(a) of the Indenture, (iii) to conform as necessary, the Indenture and this Security to the "Description of Notes" as set forth in the Offering Memorandum, (iv) to add
to the covenants of the Company for the benefit of the Holders of Securities, (v) to surrender any right or power conferred upon the Company in the Indenture, (vi) to provide for
conversion rights of Holders of Securities if any reclassification or change of the Company's Common Stock or any consolidation, merger or sale of all or substantially all of the Company's assets
occurs, (vii) to provide for the assumption by a successor Person of the Company's obligations to the Holders of Securities in the case of a merger, consolidation, conveyance, transfer or lease
pursuant to Article 5 of the Indenture, (viii) to provide for uncertificated Securities in addition to or in place of Certificated Securities; provided, however, that uncertificated
Securities are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that uncertificated Securities are described in Section 163(f)(2)(B) of the Code,
(ix) to change the Conversion Rate in accordance with the Indenture; provided, however, that any increase in the Conversion Rate other than pursuant to Article 10 shall not adversely
affect the interests of the Holders of Securities (after taking into account U.S. federal income tax and other consequences of such increase), (x) to comply with the requirements of the SEC in
order to effect or maintain the qualification of the Indenture under the TIA, (xi) to make any changes or modifications necessary in connection with the registration of the Securities under the
Securities Act as contemplated by the Registration Rights Agreement; provided, however, that any such change or modification does not, in the good faith opinion of the Board of Directors of the
Company (as evidenced by a Board Resolution) and the Trustee, adversely affect the interests of the Holders of Securities in any material respect, (xii) to cure any ambiguity or to correct or
supplement any provision in the Indenture which may be inconsistent with any other provision in the Indenture or which is otherwise defective; provided, however, that any such change or modification
does not, in the good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the Trustee, adversely affect the interests of the Holders of Securities in any
material respect, (xiii) to add or modify any other provisions of the Indenture with respect to matters or questions arising under the 

A-8

 

Indenture
which the Company and the Trustee may deem necessary or desirable and which, in the good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the
Trustee, shall not adversely affect the interests of the Holders of Securities in any material respect, (xiv) to establish the form of Securities if issued in definitive form and (xv) to
evidence and provide for the acceptance of the appointment under the Indenture of a successor Trustee. 

14.   Defaults and Remedies. 

        If
any Event of Default with respect to Securities shall occur and be continuing, the principal amount of the Securities and any accrued and unpaid Interest, accrued and unpaid
Contingent Interest, if any,
and accrued and unpaid Liquidated Damages, if any, on all the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. 

15.   Trustee Dealings with the Company. 

        Subject
to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may
otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not
Trustee. 

16.   Calculations in Respect of Securities. 

        The
Company or its agents shall be responsible for making all calculations called for under the Securities including, but not limited to, determination of the market prices for the
Securities and of the Common Stock and the amounts of Contingent Interest and Liquidated Damages, if any, accrued on the Securities. Any calculations made in good faith and without manifest error
shall be final and binding on Holders of the Securities. The Company or its agents shall be required to deliver to the Trustee a schedule of its calculations and the Trustee shall be entitled to
conclusively rely upon the accuracy of such calculations without independent verification. 

17.   U.S. Federal Income Tax Treatment. 

        For
purposes of Sections 1272, 1273 and 1275 of the Code, this Security is being issued with Tax Original Issue Discount and the issue date of this Security is May 27, 2005. In
addition, this Security is subject to the Treasury regulations governing contingent payment debt instruments. For purposes of Sections 1272, 1273 and 1275 of the Code, the comparable yield of this
Security is 9.13%, compounded semi-annually (which shall be treated as the yield to maturity for U.S. federal income tax purposes). 

        The
Company and each Holder, by acquiring a beneficial interest in a Security, agree (i) to treat the Security as indebtedness for U.S. federal income tax purposes that is subject
to the Treasury regulations governing contingent payment debt instruments (the "contingent debt regulations"), (ii) that each Holder shall be bound by the Company's application of the
contingent debt regulations to the Security, including the Company's determination of the "comparable yield" and "projected payment schedule" within the meaning of the contingent debt regulations, and
(iii) that the Company and each Holder will not take any position on any U.S. federal income tax return that is inconsistent with (i) or (ii), unless required by applicable law. The
Company agrees to provide promptly to the Holder of this Security, upon written request, the issue price, amount of Tax Original Issue Discount, issue date, yield to maturity, comparable yield and
projected payment schedule. Any such written request should be sent to the Company at the following address: CompuCredit Corporation, 245 Perimeter Center Parkway, Suite 600, Atlanta, Georgia 30346,
Attention: General Counsel. 

A-9

 

18.   No Recourse Against Others. 

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

19.   Authentication. 

        This
Security shall not be valid until an authorized signatory of the Trustee manually signs the Trustee's Certificate of Authentication on the other side of this Security. 

20.   Abbreviations. 

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

21.   Governing Law. 

        THE
LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS SECURITY, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS RULES THEREOF. 

22.   Copy of Indenture. 

        The
Company shall furnish to any Securityholder upon written request and without charge a copy of the Indenture which has in it the text of this Security in larger type. Requests may be
made to: 

CompuCredit
Corporation

245 Perimeter Center Parkway, Suite 600, Atlanta, GA 30346

Attn: General Counsel

Facsimile No.: (770) 206-6187 

23.   Registration Rights. 

        The
Holders of the Securities are entitled to the benefits of a Registration Rights Agreement, dated May 27, 2005, by and among the Company and Banc of America Securities LLC and
J.P. Morgan Securities Inc., as representative of the initial purchasers, including the right to receive Liquidated Damages upon a Registration Default (as defined in such agreement). The
Company shall make payments of Liquidated Damages on the Liquidated Damages Payment Dates (as defined in the Registration Rights Agreement), but otherwise in accordance with the provisions set forth
herein for the payment of Interest. 

A-10

 

	

	

ASSIGNMENT FORM	
 	

CONVERSION NOTICE
	

	

To assign this Security, fill in the form below:

 

I or we assign and transfer this Security to

 

(Insert assignee's soc. sec. or tax ID no.)

 

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

and irrevocably appoint

                     agent to

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

To convert this Security, check the box o

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

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

 

(Insert the other person's soc. sec. tax ID no.)

 (Print or type other person's name, address and zip code)

Date:
                     Your
Signature:                              

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

Signature
Guaranteed 

Participant
in a Recognized Signature 

Guarantee
Medallion Program 

By:
                              

        Authorized Signatory 

A-11

 
 
 

SCHEDULE OF INCREASES AND DECREASES
  OF GLOBAL SECURITY    
    

Initial
Principal Amount of Global Security: Two Hundred and Fifty Million Dollars ($250,000,000). 

	Date
 
	 	Amount of

Increase in

Principal

Amount of

Global Security
	 	Amount of

Decrease in

Principal Amount of

Global Security
	 	Principal

Amount of

Global

Security After

Increase or

Decrease
	 	Notation by

Registrar or

Security Custodian

A-12

  

 
 

EXHIBIT B    
    

 
 

[FORM OF FACE OF CERTIFICATED SECURITY]    
    

        THE
SECURITY EVIDENCED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT OF 1933"), OR ANY STATE SECURITIES LAWS, AND MAY NOT
BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ACQUISITION HEREOF, THE HOLDER: 

	(1)
	REPRESENTS
THAT IT IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT OF 1933;

	(2)
	AGREES
THAT IT WILL NOT, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE") THAT IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE 3.625% CONVERTIBLE SENIOR
DEBENTURES AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), RESELL OR OTHERWISE TRANSFER THE SECURITY
EVIDENCED HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY EXCEPT (A) TO COMPUCREDIT CORPORATION OR ANY SUBSIDIARY THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN
COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT OF 1933, (C) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OF 1933 (IF AVAILABLE), OR
(D) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT OF 1933 AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER; AND

	(3)
	AGREES
THAT IT WILL DELIVER TO EACH PERSON TO WHOM THE SECURITY EVIDENCED HEREBY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 2(C) OR 2(D) ABOVE) A NOTICE SUBSTANTIALLY TO
THE EFFECT OF THIS LEGEND. 

        The
foregoing legend may be removed from this Security upon the earlier of the Resale Restriction Termination Date or the transfer of the Securities pursuant to clause 2(C) or
2(D) above. 

        FOR
PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), THIS SECURITY IS BEING ISSUED WITH TAX ORIGINAL ISSUE DISCOUNT. THE ISSUE
PRICE OF THIS SECURITY IS 1,000 PER 1,000 OF PRINCIPAL AMOUNT, AND THE ISSUE DATE OF THIS SECURITY IS MAY 27, 2005. IN ADDITION, THIS SECURITY IS SUBJECT TO UNITED STATES FEDERAL INCOME TAX
REGULATIONS GOVERNING CONTINGENT PAYMENT DEBT INSTRUMENTS. FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE CODE, THE COMPARABLE YIELD OF THIS SECURITY IS 9.13%, COMPOUNDED
SEMI-ANNUALLY. 

        THE
COMPANY AGREES TO PROVIDE PROMPTLY TO THE HOLDER OF THIS SECURITY, UPON WRITTEN REQUEST, THE ISSUE PRICE, AMOUNT OF TAX ORIGINAL ISSUE DISCOUNT, ISSUE DATE, YIELD TO MATURITY,
COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO THE COMPANY AT THE FOLLOWING ADDRESS: COMPUCREDIT CORPORATION, 245 PERIMETER CENTER PARKWAY, SUITE 600,
ATLANTA, GA 30346, ATTENTION: GENERAL COUNSEL. 

        Pursuant
to Section 2.14 of the Indenture, the foregoing legend is required for U.S. federal income tax purposes. 

B-1

 
 
 

COMPUCREDIT CORPORATION
  
    3.625% CONVERTIBLE SENIOR NOTES DUE 2025    
    

	CUSIP: 20478N AA 8

ISSUE DATE: May 27, 2005

No. R-1	 	Principal Amount: $

        CompuCredit
Corporation, a Georgia corporation, promises to pay to                  or registered assigns, the principal amount of
                        , on May 30, 2025. 

        Interest
Rate: 3.625% per year. 

        Interest
Payment Dates: May 30 and November 30 of each year, commencing November 30, 2005. 

        Interest
Record Date: May 15 and November 15 of each year. 

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

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

	Dated: May 27, 2005	 	COMPUCREDIT CORPORATION
	

 	
 	

By:	
 	

 
	 	 	 	 	

	

 	
 	

Title:	
 	

 
	 	 	 	 	

	

 	
 	

COMPUCREDIT CORPORATION
	

 	
 	

By:	
 	

 
	 	 	 	 	

	

 	
 	

Title:	
 	

 
	 	 	 	 	

	

TRUSTEE'S CERTIFICATE OF AUTHENTICATION
	                                ,

Wachovia Bank, National Association as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.	 	 	 	 
	

By                                 	
 	

 	
 	

 
	

Authorized Signatory	
 	

 	
 	

 
	

Dated: May 27, 2005	
 	

 	
 	

 

B-2

 
 
 

[FORM OF REVERSE OF CERTIFICATED SECURITY IS IDENTICAL TO EXHIBIT A]    
    

B-3

  

 
 

EXHIBIT C    
    

 
 

COMPUCREDIT CORPORATION
  
    3.625% Convertible Senior Notes Due 2025
  
    Transfer Certificate    
    

        In connection with any transfer of any of the Securities within the period prior to the expiration of the holding period applicable to the sales thereof under
Rule 144(k) under the Securities Act of 1933, as amended (the "Securities Act") (or any successor provision), the undersigned registered owner of this Security hereby certifies with respect to
$                        principal amount of the above-captioned Securities presented or surrendered on the date hereof (the
"Surrendered Securities") for registration of transfer, or for exchange or
conversion where the securities issuable upon such exchange or conversion are to be registered in a name other than that of the undersigned registered owner (each such transaction being a "transfer"),
that such transfer complies with the restrictive legend set forth on the face of the Surrendered Securities for the reason checked below: 

	o
	A
transfer of the Surrendered Securities is made to the Company or any subsidiaries; or

	o
	The
transfer of the Surrendered Securities is pursuant to an effective registration statement under the Securities Act; or

	o
	The
transfer of the Surrendered Securities complies with Rule 144A under the Securities Act; or

	o
	The
transfer of the Surrendered Securities is pursuant to Rule 144 under the Securities Act and each of the conditions set forth in
such rule have been met; 

and unless the box below is checked, the undersigned confirms that, to the undersigned's knowledge, such Securities are not being transferred to an "affiliate" of the Company
as defined in Rule 144 under the Securities Act (an "Affiliate"). 

	o
	The
transferee is an Affiliate of the Company. 

	

DATE:	
 	

 Signature(s)

        (If
the registered owner is a corporation, partnership or fiduciary, the title of the person signing on behalf of such registered owner must be stated.) 

	

Signature Guaranteed	
 	

 
	

 Participant in a Recognized Signature	
 	

 
	

Name:	
 	

 
	

Address:	
 	

 
	

Tax I.D.:	
 	

 

C-1

  

 
 

EXHIBIT D    
    

 
 

CompuCredit Corporation
  NOTICE OF REDEMPTION    
    

[Date]

To
the Holders of the 3.625% Convertible Senior Notes Due 2025 issued by CompuCredit Corporation: 

CompuCredit
Corporation (the "Issuer") by this written notice hereby exercises, pursuant to Section 3.01 of that certain Indenture (the "Indenture"), dated as of May 27, 2005, between
the Issuer and Wachovia Bank, National Association, its right to redeem $                        of its 3.625% Convertible Senior
Notes Due 2025 (the "Securities"). All capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Indenture. 

1.
Redemption Date: [                        ,            ] 

2.
Redemption Price: $[            ] 

3.
Conversion Rate: Each $1,000 principal amount of the Securities is convertible at your option into [insert number of shares] shares of the Issuer's common stock, no par
value (the "Common Stock"), subject to adjustment, during the period described below. 

4.
Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

5.
The Securities called for redemption may be converted at your option at any time from the date of this Notice of Redemption until 5:00 p.m. on the Business Day immediately prior to the
Redemption Date set forth above. 

6.
The Securities called for redemption and not converted at your election prior to 5:00 p.m. on the Business Day immediately prior to Redemption Date set forth above shall be redeemed on the
business day immediately following such Redemption Date. 

7.
If you elect to convert your Securities, you must satisfy the requirements for conversion set forth in your Securities. 

8.
Your Securities called for redemption must be surrendered by you (by effecting book-entry transfer of the Securities or delivering Certificated Securities, together with necessary
endorsements, as the case may be) to [Name of Paying Agent] at [insert address] in order for you to collect the Redemption Price. 

9.
The Securities bearing the following Certificate Number(s) in the principal amount set forth below opposite such Certificate Number(s) are being redeemed: 

	Certificate Number(s)	 	Principal Amount

10.
Unless the Company defaults in making the payment of the Redemption Price owed to you, Interest, Contingent Interest, if any, and Liquidated Damages, if any, on your Securities called for
redemption shall cease to accrue on and after the Redemption Date. 

11.
Cusip Number: 20478N AA 8 

COMPUCREDIT
CORPORATION 

D-1

  

 
 

EXHIBIT E    
    

 
 

COMPUCREDIT CORPORATION
  
    NOTICE OF REPURCHASE    
    

[DATE]

To
the Beneficial Owners of the 3.625% Convertible Senior Notes Due 2025 (the "Securities") issued by CompuCredit Corporation: 

        CompuCredit
Corporation (the "Issuer") by this written notice hereby notifies you, pursuant to Section 3.07 of that certain Indenture (the "Indenture"), dated as of May 27,
2005, between the Issuer and Wachovia Bank, National Association, that you may request the Issuer to repurchase your Securities by delivery of a Repurchase Notice. Included herewith is the form of
Repurchase Notice to be completed by you if you wish to have your Securities repurchased by the Issuer. All capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Indenture. 

1.
Repurchase Date: [            ] 

2.
Repurchase Price: [            ] 

3.
Conversion Rate: To the extent described in Item 5 below, each $1,000 principal amount of the Securities is convertible into [insert number of shares] shares of the Issuer's
common stock, no par value (the "Common Stock"), subject to adjustment. 

4.
Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

5.
The Securities as to which you have delivered a Repurchase Notice to the Paying Agent may be converted if they are otherwise convertible pursuant to Article 10 of the Indenture and the terms
of the Securities only if you withdraw such Repurchase Notice pursuant to the terms of the Indenture. You may be entitled to have your Securities converted into a combination of cash and shares of the
Issuer's common stock: 

(i)
during any fiscal quarter commencing after June 30, 2005 (and only during such quarter), if the last reported sale price (as defined in the Indenture) of the Issuer's common stock for at
least 20 trading days in the 30 trading-day period ending on the last trading day of the preceding fiscal quarter was 130% or more of the conversion price (as defined in the Indenture) on
such trading day; 

(ii)
if the Issuer has called the Securities for redemption; or 

(iii)
upon the occurrence of certain specified corporate transactions described in the Indenture. 

6.
The Securities as to which you have delivered a Repurchase Notice must be surrendered by you (by effecting book-entry transfer of the Securities or delivering Certificated Securities,
together with necessary endorsements, as the case may be) to [Name of Paying Agent] at [insert address] in order for you to collect the Repurchase
Price. 

7.
The Repurchase Price for the Securities as to which you have delivered a Repurchase Notice and not withdrawn such Repurchase Notice shall be paid promptly following the later of the business day
immediately following such Repurchase Date and the date you deliver such Securities to [Name of Paying Agent]. 

E-1

 

8.
In order to exercise your option to have the Issuer repurchase your Securities, you must deliver the Repurchase Notice, duly completed by you with the information required by such Repurchase Notice
(as specified in Section 3.07 of the Indenture) and deliver such Repurchase Notice to the Paying Agent at any time from 9:00 a.m. on [insert day that is 20 Business Days
prior to Repurchase Date] until 5:00 p.m. on the [insert day that is the Repurchase Date]. 

9.
In order to withdraw any Repurchase Notice previously delivered by you to the Paying Agent, you must deliver to the Paying Agent, by 5:00 p.m. on [insert day that is the
Repurchase Date], a written notice of withdrawal specifying (i) the certificate number, if any, of the Securities in respect of which such notice of withdrawal is being submitted,
(ii) the principal amount of the Securities in respect of which such notice of withdrawal is being submitted, and (iii) if you are not withdrawing your Repurchase Notice for all of your
Securities, the principal amount of the Securities which still remain subject to the original Repurchase Notice. 

10.
Unless the Issuer defaults in making the payment of the Repurchase Price owed to you, Interest, Contingent Interest, if any, and Liquidated Damages, if any, on your Securities as to which you have
delivered a Repurchase Notice shall cease to accrue on and after the Repurchase Date. 

11.
Cusip Number: 20478N AA 8 

        CompuCredit
Corporation 

E-2

  

 
 

EXHIBIT F    
    

 
 

CompuCredit Corporation
  NOTICE OF OCCURRENCE
  OF FUNDAMENTAL CHANGE    
    

[DATE]

To
the Holders of the 3.625% Convertible Senior Notes Due 2025

(the "Securities") issued by CompuCredit Corporation: 

        CompuCredit
Corporation (the "Issuer") by this written notice hereby notifies you, pursuant to Section 3.08 of that certain Indenture (the "Indenture"), dated as of May 27,
2005, between the Issuer and Wachovia Bank, National Association, that a Fundamental Change (as such term and other capitalized terms used herein and not otherwise defined herein is defined in the
Indenture) as described below has occurred. Included herewith is the form of Fundamental Change Repurchase Notice to be completed by you if you wish to have your Securities repurchased by the Issuer. 

1.
Fundamental Change: [Insert brief description of the Fundamental Change and the date of the occurrence thereof]. 

2.
Date by which Fundamental Change Repurchase Notice must be delivered by you to Paying Agent in order to have your Securities repurchased: 

3.
Fundamental Change Repurchase Date: 

4.
Fundamental Change Repurchase Price: 

5.
Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

6.
Conversion Rate: To the extent described in Item 7 below, each $1,000 principal amount of the Securities is convertible into [insert number of shares] shares of the Issuer's
common stock, no par value (the "Common Stock"), subject to adjustment. 

7.
The Securities as to which you have delivered a Fundamental Change Repurchase Notice to the Paying Agent may be converted if they are otherwise convertible pursuant to Article 10 of the
Indenture and the terms of the Securities only if you withdraw such Fundamental Change Repurchase Notice pursuant to the terms of the Indenture. You may be entitled to have your Securities converted
into shares of the Common Stock (or, at the option of the Issuer, cash or a combination of cash and shares of the Common Stock): 

        (i)
during any fiscal quarter commencing after June 30, 2005 (and only during such fiscal quarter), if the last reported sale price (as defined in the Indenture) of the Issuer's
common stock for at least 20 trading days in the 30 trading-day period ending on the last trading day of the preceding fiscal quarter was 130% or more of the conversion price (as defined
in the Indenture) on such last trading day; 

        (ii)
if the Issuer has called the Securities for redemption; or 

        (iii)
upon the occurrence of certain specified corporate transactions described in the Indenture. 

8.
The Securities as to which you have delivered a Fundamental Change Repurchase Notice must be surrendered by you (by effecting book-entry transfer of the Securities or delivering
Certificated Securities, together with necessary endorsements, as the case may be) to [Name of Paying Agent] at [insert address] in order for you to
collect the Fundamental Change Repurchase Price. 

F-1

 

9.
The Fundamental Change Repurchase Price for the Securities as to which you have delivered a Fundamental Change Repurchase Notice and not withdrawn such Notice shall be paid promptly following the
later of the Business Day immediately following such Fundamental Change Repurchase Date and the date you deliver such Securities to [Name of Paying Agent]. 

10.
In order to have the Issuer repurchase your Securities, you must deliver the Fundamental Change Repurchase Notice, duly completed by you with the information required by such Fundamental Change
Repurchase Notice (as specified in Section 3.08 of the Indenture) and deliver such Fundamental Change Repurchase Notice to the Paying Agent at any time from 9:00 a.m. on the date of the
occurrence of the Fundamental Change until 5:00 p.m. on the Fundamental Change Repurchase Date. 

11.
In order to withdraw any Fundamental Change Repurchase Notice previously delivered by you to the Paying Agent, you must deliver to the Paying Agent, by 5:00 p.m. on the Fundamental Change
Repurchase Date, a written notice of withdrawal specifying (i) the certificate number, if any, of the Securities in respect of which such notice of withdrawal is being submitted,
(ii) the principal amount of the Securities in respect of which such notice of withdrawal is being submitted, and (iii) if you are not withdrawing your Fundamental Change Repurchase
Notice for all of your Securities, the principal amount of the Securities which still remain subject to the original Fundamental Change Repurchase Notice. 

12.
Unless the Issuer defaults in making the payment of the Fundamental Change Repurchase Price owed to you, Interest, Contingent Interest, if any, and Liquidated Damages, if any, on your Securities
as to which you have delivered a Fundamental Change Repurchase Notice shall cease to accrue on and after the Fundamental Change Repurchase Date. 

13.
Cusip Number: 20478N AA 8 

        COMPUCREDIT
CORPORATION 

F-2

 
 

SCHEDULE I    
    

The
following table sets forth the Stock Prices and the number of Additional Shares per $1,000 principal amount of Securities. 

	 
	 	Stock Price

	Effective Date
 

	 	$33.40
	 	$35.00
	 	$37.00
	 	$40.00
	 	$43.42
	 	$48.00
	 	$55.00
	 	$65.00
	 	$75.00
	 	$85.00
	 	$100.00
	 	$125.00

	May 30, 2005	 	6.91	 	6.91	 	6.59	 	5.81	 	5.09	 	4.34	 	3.52	 	2.75	 	2.24	 	1.88	 	1.50	 	0
	May 30, 2006	 	6.91	 	6.91	 	6.38	 	5.57	 	4.83	 	4.08	 	3.28	 	2.55	 	2.08	 	1.75	 	1.41	 	0
	May 30, 2007	 	6.91	 	6.80	 	6.11	 	5.27	 	4.51	 	3.76	 	2.98	 	2.29	 	1.87	 	1.58	 	1.29	 	0
	May 30, 2008	 	6.91	 	6.53	 	5.79	 	4.90	 	4.12	 	3.36	 	2.60	 	1.98	 	1.63	 	1.39	 	1.16	 	0
	May 30, 2009	 	6.91	 	6.22	 	5.42	 	4.46	 	3.64	 	2.85	 	2.09	 	1.55	 	1.34	 	1.18	 	1.01	 	0
	May 30, 2010	 	6.91	 	5.89	 	5.01	 	3.96	 	3.08	 	2.27	 	1.53	 	1.05	 	0.91	 	0.80	 	0.68	 	0
	May 30, 2011	 	6.91	 	5.53	 	4.47	 	3.26	 	2.28	 	1.47	 	0.84	 	0.52	 	0.45	 	0.40	 	0.34	 	0
	May 30, 2012	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0

QuickLinks

Exhibit 4.1

Cross-Reference Table1

TABLE OF CONTENTS

ARTICLE 1 Definitions and Incorporation by Reference

ARTICLE 2 The Securities

ARTICLE 3 Redemption and Repurchases

ARTICLE 4 Covenants

ARTICLE 5 Successor Person

ARTICLE 6 Defaults and Remedies

Article 7 Trustee

ARTICLE 8 Discharge of Indenture

ARTICLE 9 Amendments

ARTICLE 10 Conversions

ARTICLE 11 Contingent Interest

ARTICLE 12 Miscellaneous

EXHIBIT A

[FORM OF REVERSE OF GLOBAL SECURITY] 3.625% Convertible Senior Notes Due 2025

SCHEDULE OF INCREASES AND DECREASES OF GLOBAL SECURITY

EXHIBIT B

[FORM OF FACE OF CERTIFICATED SECURITY]

COMPUCREDIT CORPORATION 3.625% CONVERTIBLE SENIOR NOTES DUE 2025

[FORM OF REVERSE OF CERTIFICATED SECURITY IS IDENTICAL TO EXHIBIT A]

EXHIBIT C

COMPUCREDIT CORPORATION 3.625% Convertible Senior Notes Due 2025 Transfer Certificate

EXHIBIT D

CompuCredit Corporation NOTICE OF REDEMPTION

EXHIBIT E

COMPUCREDIT CORPORATION NOTICE OF REPURCHASE

EXHIBIT F

CompuCredit Corporation NOTICE OF OCCURRENCE OF FUNDAMENTAL CHANGE

SCHEDULE I

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