Document:

Form of 8.50% Convertible Senior Notes Due 2026 Indenture

 Exhibit 4.5 
 HUTCHINSON TECHNOLOGY INCORPORATED 
 8.50% CONVERTIBLE SENIOR NOTES DUE 2026

  
  

INDENTURE 
 DATED
AS OF FEBRUARY [    ], 2011 
  

 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, 
 AS TRUSTEE 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
				
		 	 Section 1.01
	  	 Definitions.
	  	 	1	  
		 	 Section 1.02
	  	 Other Definitions.
	  	 	6	  
		 	 Section 1.03
	  	 Trust Indenture Act Provisions.
	  	 	7	  
		 	 Section 1.04
	  	 Rules Of Construction.
	  	 	8	  
		
	 ARTICLE II THE SECURITIES
	  	 	8	  
				
		 	 Section 2.01
	  	 Form And Dating.
	  	 	8	  
		 	 Section 2.02
	  	 Execution And Authentication.
	  	 	10	  
		 	 Section 2.03
	  	 Registrar, Paying Agent and Conversion Agent.
	  	 	11	  
		 	 Section 2.04
	  	 Paying Agent To Hold Money In Trust.
	  	 	11	  
		 	 Section 2.05
	  	 Lists of Holders of Securities.
	  	 	12	  
		 	 Section 2.06
	  	 Transfer And Exchange.
	  	 	12	  
		 	 Section 2.07
	  	 Replacement Securities.
	  	 	13	  
		 	 Section 2.08
	  	 Outstanding Securities.
	  	 	13	  
		 	 Section 2.09
	  	 Treasury Securities.
	  	 	14	  
		 	 Section 2.10
	  	 Temporary Securities.
	  	 	14	  
		 	 Section 2.11
	  	 Cancellation.
	  	 	14	  
		 	 Section 2.12
	  	 Additional Transfer And Exchange Requirements.
	  	 	15	  
		 	 Section 2.13
	  	 CUSIP Numbers.
	  	 	17	  
		
	 ARTICLE III REDEMPTION AND PURCHASE
	  	 	17	  
				
		 	 Section 3.01
	  	 Optional Redemption.
	  	 	17	  
		 	 Section 3.02
	  	 Selection Of Securities To Be Redeemed.
	  	 	18	  
		 	 Section 3.03
	  	 Notice Of Redemption.
	  	 	18	  
		 	 Section 3.04
	  	 Effect Of Notice Of Redemption.
	  	 	20	  
		 	 Section 3.05
	  	 Deposit Of Redemption Price.
	  	 	20	  
		 	 Section 3.06
	  	 Securities Redeemed In Part.
	  	 	20	  
		 	 Section 3.07
	  	 Conversion Arrangement On Call For Redemption.
	  	 	20	  
		 	 Section 3.08
	  	 Repurchase Of Securities At Option Of The Holder Upon a Fundamental Change.
	  	 	21	  
		 	 Section 3.09
	  	 Effect Of Fundamental Change Repurchase Notice.
	  	 	24	  
		 	 Section 3.10
	  	 Deposit of Fundamental Change Repurchase Price.
	  	 	24	  
		 	 Section 3.11
	  	 Repayment To The Company.
	  	 	25	  
		 	 Section 3.12
	  	 Purchase Of Securities At Option Of The Holder On Specified Dates.
	  	 	25	  
		 	 Section 3.13
	  	 Securities Purchased In Part.
	  	 	29	  
		 	 Section 3.14
	  	 Compliance With Securities Laws Upon Purchase of Securities.
	  	 	29	  
		 	 Section 3.15
	  	 Purchase Of Securities In Open Market.
	  	 	29	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

									
	 	 	 	  	 	  	Page	 
		
	 ARTICLE IV CONVERSION
	  	 	29	  
				
		 	 Section 4.01
	  	 Conversion Privilege And Conversion Rate.
	  	 	29	  
		 	 Section 4.02
	  	 Conversion Procedure.
	  	 	32	  
		 	 Section 4.03
	  	 Fractional Shares.
	  	 	34	  
		 	 Section 4.04
	  	 Taxes On Conversion.
	  	 	34	  
		 	 Section 4.05
	  	 Company To Provide Stock.
	  	 	34	  
		 	 Section 4.06
	  	 Adjustment Of Conversion Rate.
	  	 	35	  
		 	 Section 4.07
	  	 No Adjustment.
	  	 	42	  
		 	 Section 4.08
	  	 Notice of Adjustment.
	  	 	43	  
		 	 Section 4.09
	  	 Notice of Certain Transactions.
	  	 	43	  
		 	 Section 4.10
	  	 Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale.
	  	 	43	  
		 	 Section 4.11
	  	 Trustee’s Disclaimer.
	  	 	45	  
		 	 Section 4.12
	  	 Voluntary Increase.
	  	 	45	  
		
	 ARTICLE V COVENANTS
	  	 	46	  
				
		 	 Section 5.01
	  	 Payment Of Securities.
	  	 	46	  
		 	 Section 5.02
	  	 SEC and Other Reports.
	  	 	46	  
		 	 Section 5.03
	  	 Compliance Certificates.
	  	 	47	  
		 	 Section 5.04
	  	 Further Instruments And Acts.
	  	 	47	  
		 	 Section 5.05
	  	 Maintenance Of Corporate Existence.
	  	 	47	  
		 	 Section 5.06
	  	 Stay, Extension And Usury Laws.
	  	 	47	  
		 	 Section 5.07
	  	 Maintenance of Office or Agency.
	  	 	47	  
		
	 ARTICLE VI CONSOLIDATION; MERGER; CONVEYANCE; TRANSFER OR LEASE
	  	 	48	  
				
		 	 Section 6.01
	  	 Company May Consolidate, Etc., Only On Certain Terms.
	  	 	48	  
		 	 Section 6.02
	  	 Successor Substituted.
	  	 	49	  
		
	 ARTICLE VII DEFAULT AND REMEDIES
	  	 	49	  
				
		 	 Section 7.01
	  	 Events Of Default.
	  	 	49	  
		 	 Section 7.02
	  	 Acceleration.
	  	 	51	  
		 	 Section 7.03
	  	 Other Remedies.
	  	 	51	  
		 	 Section 7.04
	  	 Waiver Of Defaults And Events Of Default.
	  	 	52	  
		 	 Section 7.05
	  	 Control By Majority.
	  	 	52	  
		 	 Section 7.06
	  	 Limitations On Suits.
	  	 	52	  
		 	 Section 7.07
	  	 Rights Of Holders To Receive Payment And To Convert.
	  	 	53	  
		 	 Section 7.08
	  	 Collection Suit By Trustee.
	  	 	53	  
		 	 Section 7.09
	  	 Trustee May File Proofs Of Claim.
	  	 	53	  
		 	 Section 7.10
	  	 Priorities.
	  	 	54	  
		 	 Section 7.11
	  	 Undertaking For Costs.
	  	 	54	  

  
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(Continued) 
  

									
	 	 	 	  	 	  	Page	 
		
	 ARTICLE VIII TRUSTEE
	  	 	54	  
				
		 	 Section 8.01
	  	 Obligations Of Trustee.
	  	 	54	  
		 	 Section 8.02
	  	 Rights Of Trustee.
	  	 	56	  
		 	 Section 8.03
	  	 Individual Rights Of Trustee.
	  	 	57	  
		 	 Section 8.04
	  	 Trustee’s Disclaimer.
	  	 	57	  
		 	 Section 8.05
	  	 Notice Of Default Or Events Of Default.
	  	 	57	  
		 	 Section 8.06
	  	 Reports By Trustee To Holders.
	  	 	58	  
		 	 Section 8.07
	  	 Compensation And Indemnity.
	  	 	58	  
		 	 Section 8.08
	  	 Replacement Of Trustee.
	  	 	59	  
		 	 Section 8.09
	  	 Successor Trustee By Merger, Etc.
	  	 	60	  
		 	 Section 8.10
	  	 Eligibility; Disqualification.
	  	 	60	  
		 	 Section 8.11
	  	 Preferential Collection Of Claims Against Company.
	  	 	60	  
		
	 ARTICLE IX SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	60	  
				
		 	 Section 9.01
	  	 Satisfaction And Discharge Of Indenture.
	  	 	60	  
		 	 Section 9.02
	  	 Application Of Trust Money.
	  	 	61	  
		 	 Section 9.03
	  	 Repayment To Company.
	  	 	62	  
		 	 Section 9.04
	  	 Reinstatement.
	  	 	62	  
		
	 ARTICLE X AMENDMENTS; SUPPLEMENTS AND WAIVERS
	  	 	63	  
				
		 	 Section 10.01
	  	Without Consent Of Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities without notice to or consent of any Holder of a Security for the
purpose of:	  	 	63	  
		 	 Section 10.02
	  	 With Consent Of Holders.
	  	 	63	  
		 	 Section 10.03
	  	 Compliance With Trust Indenture Act.
	  	 	65	  
		 	 Section 10.04
	  	 Revocation And Effect Of Consents.
	  	 	65	  
		 	 Section 10.05
	  	 Notation On Or Exchange of Securities.
	  	 	65	  
		 	 Section 10.06
	  	 Trustee To Sign Amendments, Etc.
	  	 	65	  
		 	 Section 10.07
	  	 Effect Of Supplemental Indentures.
	  	 	65	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	66	  
				
		 	 Section 11.01
	  	 Trust Indenture Act Controls.
	  	 	66	  
		 	 Section 11.02
	  	 Notices.
	  	 	66	  
		 	 Section 11.03
	  	 Communications By Holders With Other Holders.
	  	 	67	  
		 	 Section 11.04
	  	 Certificate And Opinion As To Conditions Precedent.
	  	 	67	  
		 	 Section 11.05
	  	 Record Date For Vote Or Consent Of Holders of Securities.
	  	 	68	  
		 	 Section 11.06
	  	 Rules By Trustee, Paying Agent, Registrar And Conversion Agent.
	  	 	68	  
		 	 Section 11.07
	  	 Legal Holidays.
	  	 	68	  
		 	 Section 11.08
	  	 Governing Law.
	  	 	68	  
		 	 Section 11.09
	  	 No Adverse Interpretation Of Other Agreements.
	  	 	68	  
		 	 Section 11.10
	  	 No Recourse Against Others.
	  	 	68	  

  
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(Continued) 
  

									
	 	 	 	  	 	  	Page	 
				
		 	 Section 11.11
	  	 No Security Interest Created.
	  	 	69	  
		 	 Section 11.12
	  	 Successors.
	  	 	69	  
		 	 Section 11.13
	  	 Multiple Counterparts.
	  	 	69	  
		 	 Section 11.14
	  	 Separability.
	  	 	69	  
		 	 Section 11.15
	  	 Table Of Contents, Headings, Etc.
	  	 	69	  
		
	EXHIBIT A            Form of Security	  			

  
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 TABLE OF CONTENTS 

(Continued) 
  

  

					
	  	  	 Page

	
	CROSS REFERENCE TABLE*
	 TIA SECTION
	  	INDENTURE
SECTION
	 Section
	    	 310
	  	11.01
		    	 310(a)(1)
	  	8.10
		    	 (a)(2)
	  	8.10
		    	 (a)(3)
	  	N.A.**
		    	 (a)(4)
	  	N.A.
		    	 (a)(5)
	  	8.10
		    	 (b)
	  	8.10
		    	 (c)
	  	N.A.
	 Section
	    	 311
	  	11.01
		    	 311(a)
	  	8.11
		    	 (b)
	  	8.11
		    	 (c)
	  	N.A.
	 Section
	    	 312
	  	11.01
		    	 312(a)
	  	2.05
		    	 (b)
	  	11.03
		    	 (c)
	  	11.03
	 Section
	    	 313
	  	11.01
		    	 313(a)
	  	8.06(a)
		    	 (b)(1)
	  	N.A.
		    	 (b)(2)
	  	8.06(a)
		    	 (c)
	  	8.06(a)
		    	 (d)
	  	8.06(b)
	 Section
	    	 314
	  	11.01
		    	 314(a)
	  	5.02(a); 5.03
		    	 (b)
	  	N.A.
		    	 (c)(1)
	  	2.02; 9.01; 11.04
		    	 (c)(2)
	  	9.01; 11.04
		    	 (c)(3)
	  	N.A.
		    	 (d)
	  	N.A.
		    	 (e)
	  	11.04
		    	 (f)
	  	N.A.
	 Section
	    	 315
	  	11.01
		    	 315(a)
	  	8.01(b)
		    	 (b)
	  	8.05
		    	 (d)
	  	8.01(c)
		    	 (d)(2)
	  	8.01(c)
		    	 (d)(3)
	  	8.01(c)
		    	 (e)
	  	7.11
	 Section
	    	 316
	  	11.01
		    	 316(a)
	  	7.05; 10.02 (b)
		    	 (b)
	  	7.07
		    	 (c)
	  	11.05
	 Section
	    	 317
	  	7.08; 7.09, 11.01
	 Section
	    	 318
	  	11.01

  

	*	This Cross-Reference Table shall not, for any purpose, be deemed a part of this Indenture. 

	**	N.A. means Not Applicable. 

  
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 THIS INDENTURE dated as of February [    ], 2011 is between
Hutchinson Technology Incorporated, a corporation duly organized under the laws of the State of Minnesota (the “Company”), and Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of
the United States, as Trustee (the “Trustee”). 
 In consideration of the purchase of the securities (as defined
herein) by the Holders thereof, both parties agree as follows for the benefit of the other and for the equal and ratable benefit of the Holders of the Company’s 8.50% Convertible Senior Notes due 2026. 

ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01 Definitions. 
 “Affiliate” means, with respect
to any specified person, 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 person means the power to direct 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. 
 “Agent” means any Registrar, Paying Agent or Conversion Agent.

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

“Beneficial Ownership” means the definition such term is given in accordance with Rule 13d-3 promulgated by the SEC under
the Exchange Act. 
 “Board of Directors” means either the board of directors of the Company or any committee of the
Board of Directors authorized to act for it with respect to this Indenture. 
 “Business Day” means any weekday that
is not a day on which banking institutions in New York, New York or Minneapolis, Minnesota are authorized or obligated to close. 
 “Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of
such Person, but excluding any debt securities convertible into such equity. 
 “Cash” or “cash” means such
coin or currency of the United States as at any time of payment is legal tender for the payment of public and private debts. 

“Certificated Security” means a Security that is in substantially the form attached as Exhibit A but that does not include
the information called for by the schedule thereof. 

  
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 “Change of Control” means the occurrence of any of the following after the date
hereof: (i) the acquisition by any Person of Beneficial Ownership, directly or indirectly, through a purchase, merger or other acquisition transaction or series of transactions, of shares of the Company’s Capital Stock entitling that
person to exercise 50% or more of the total voting power of all shares of the Company’s Capital Stock entitled to vote generally in elections of directors, other than any acquisition by the Company, any of its subsidiaries or any of its
employee benefit plans; or (ii) the consolidation or merger of the Company with or into any other Person, any merger of another Person into the Company, 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 to one or more of the Company’s wholly-owned subsidiaries, provided that this clause (ii) shall not apply to (A) any transaction (y) that does not result in
any reclassification, conversion, exchange or cancellation of outstanding shares of the Company’s Capital Stock and (z) pursuant to which holders of the Company’s Capital Stock immediately prior to the transaction have the entitlement
to exercise, directly or indirectly, 50% or more of the total voting power of all shares of the Capital Stock entitled to vote generally in elections of directors of the continuing or surviving Person immediately after the transaction; or
(B) any merger 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 solely into shares of common stock of the
surviving entity; or (iii) if, during any consecutive two-year period, individuals who at the beginning of that two-year period constituted the Company’s Board of Directors, together with any new directors whose election to the
Company’s Board of Directors, or whose nomination for election by the Company’s shareholders, was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose
election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Company’s Board of Directors then in office. Notwithstanding anything to the contrary set forth herein, it will not constitute
a Change of Control if (1) the Closing Price of the Common Stock for any five Trading Days during the ten Trading Days immediately preceding the effective date of the Change of Control is at least equal to 105% of the Conversion Price in effect
on such day (the “105% Trading Price Exception”), or (2) 100% of the consideration for the Common Stock (excluding cash payments for fractional shares and cash payments made in respect of dissenters’ appraisal rights) in the
transaction or transactions constituting a Change of Control consists of common stock or American Depositary Shares representing shares of common stock, in each case which are traded on a U.S. national securities exchange or the NASDAQ Global Select
Market (or any of their respective successors), or which will be so traded or quoted when issued or exchanged in connection with the Change of Control, and as a result of such transaction or transactions the Securities become convertible solely into
such common stock and cash in lieu of fractional shares; provided that, with respect to an entity organized under the laws of a jurisdiction outside the United States, such entity has a worldwide total market capitalization of its equity securities
of at least three times the market capitalization of the Company before giving effect to the consolidation or merger. 

“Closing Price” means, on any Trading Day, the reported last sale price per share of the Common Stock (or, if no last sale
price is reported, the average of the bid and ask prices per share or, if more than one in either case, the average of the average bid and the average ask prices per share) on such date reported by the NASDAQ Global Select Market or, if the

  
 -2-

 
Common Stock (or the applicable security) is not quoted on the NASDAQ Global Select Market, as reported by the principal other national or regional securities exchange on which the Common Stock
(or such other security) is listed, or if no such prices are available, the Closing Price per share shall be the fair value of a share of Common Stock (or such other security) as reasonably determined by the Board of Directors (which determination
shall be conclusive and shall be evidenced by an Officers’ Certificate delivered to the Trustee). 
 “Common
Stock” means the common stock of the Company, par value $0.01 per share as it exists on the date of this Indenture and any shares of any class or classes of Capital Stock of the Company resulting from any reclassification or reclassifications
thereof, or, 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 corporation, the common stock, common equity interests, ordinary
shares or depositary shares or other certificates representing common equity interests of such surviving corporation or its direct or indirect parent corporation, and which have no preference in respect of dividends or of amounts payable in the
event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which are not subject to redemption by the Company; provided, however, that if at any time there shall be more than one such resulting class, the
shares of each such class then so issuable on conversion of Securities shall be substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such
classes resulting from all such reclassifications. 
 “Company” means the party named as such in the first paragraph
of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Company. 
 “Conversion Price” per share of Common Stock as of any day means the result obtained by dividing (i) $1,000 by (ii) the then applicable Conversion Rate, rounded to the nearest cent.

 “Conversion Rate” means the rate at which shares of Common Stock shall be delivered upon conversion, which rate
shall be initially 116.2790 shares of Common Stock for each $1,000 principal amount of Securities, as adjusted from time to time pursuant to the provisions of this Indenture. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time the trust created by this Indenture shall be administered, which initially will be the office of Wells
Fargo Bank, National Association, located at 625 Marquette Avenue, MAC N9311-110, Minneapolis, Minnesota 55479, Attention: Hutchinson Administrator. 
 “Default” means, when used with respect to the Securities, any event that is or, after notice or passage of time, or both, would be, an Event of Default. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as
in effect from time to time. 
 “Final Maturity Date” means January 15, 2026. 

  
 -3-

 “Fundamental Change” means the occurrence of a Change of Control or a Termination
of Trading following the original issuance of the Securities. 
 “Fundamental Change Effective Date” means the date on
which any Fundamental Change becomes effective. 
 “Fundamental Change Repurchase Price” of any Security means 100% of
the principal amount of the Security to be purchased plus accrued and unpaid interest, if any, to, but excluding, the Fundamental Change Repurchase Date. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time, including those set forth in (1) the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants, (2) the statements and pronouncements of the Financial Accounting Standards Board, and (3) the rules and regulations of the SEC governing the inclusion
of financial statements (including pro forma financial statements) in registration statements filed under the Securities Act and periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and
pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC. 

“Global Security” means a Security in global form that is in substantially the form attached as Exhibit A and that
includes the information called for by the schedule thereof and which is deposited with the Depositary or its custodian and registered in the name of the Depositary or its nominee. 

“Holder” or “Holder of a Security” means the 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 pursuant to the terms of this
Indenture, including the provisions of the TIA that are automatically deemed to be a part of this Indenture by operation of the TIA. 
 “Interest Payment Date” means January 15 and July 15 of each year, commencing July 15, 2011. 
 “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. 

“Officer” means the Chairman or any Co-Chairman of the Board, any Vice Chairman of the Board, the Chief Executive Officer, the
President, any Vice President, the Chief Financial Officer, the Treasurer, the Controller, the Secretary, any Assistant Controller or any Assistant Secretary of the Company. 
 “Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers; provided, however, that for purposes of Sections 4.08 and 5.03, “Officers’
Certificate” means a certificate signed by (a) the principal executive officer, principal financial officer or principal accounting officer of the Company and (b) one other Officer of the Company. 

  
 -4-

 “Opinion of Counsel” means a written opinion from legal counsel reasonably
acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 
 “Person” or
“person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any
syndicate or group that would be deemed to be a “person” under Section 13(d)(3) of the Exchange Act or any other entity. 
 “Principal” or “principal” of a debt security, including the Securities, means the principal of the security plus, when appropriate, the premium, if any, on the security. 

“Redemption Date” when used with respect to any Security to be redeemed, means the date fixed by the Company for such
redemption pursuant to Section 3.01. 
 “Regular Record Date” means, with respect to each Interest Payment Date,
the January 1 or July 1, as the case may be, next preceding such Interest Payment Date. 
 “SEC” means the
Securities and Exchange Commission. 
 “Securities” means the 8.50% Convertible Senior Notes due 2026, or any of them
(each a “Security”), as amended or supplemented from time to time, that are issued under this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as in
effect from time to time. 
 “Securities Custodian” means the Trustee, as custodian with respect to the Securities in
global form, or any successor thereto. 
 “Stock Price” means the price paid, or deemed to be paid, per share of the
Common Stock in connection with a Fundamental Change as determined pursuant to Section 4.01(f). 
 “Subsidiary”
means, in respect of any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency within the
control of such Person to satisfy) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more
Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person. 
 “Termination of Trading” means
the termination (but not the temporary suspension) of trading of the Common Stock, which will be deemed to have occurred if the Common Stock or other common stock into which the Securities are convertible is neither listed for trading on a United
States national securities exchange or the NASDAQ Global Select Market nor approved for listing on any United States system of automated dissemination of quotations of securities prices, or traded in over-the-counter securities markets, and no
American Depository Shares or similar instruments for such common stock are so listed or approved for listing in the United States. 

  
 -5-

 “TIA” means the Trust Indenture Act of 1939, as amended, and the rules and
regulations thereunder as in effect on the date of this Indenture, except to the extent that the Trust Indenture Act or any amendment thereto expressly provides for application of the Trust Indenture Act as in effect on another date. 

“Trading Day” means any day on which (i) trading in the Common Stock generally occurs on the NASDAQ Global Select Market
or, if the Common Stock is not quoted on the NASDAQ Global Select market, the principal other national or regional securities exchange on which the Common Stock is listed, or if the Common Stock is not then listed on a national or regional
securities exchange, on the principal other market on which the Common Stock is then traded and (ii) a Closing Price for the Common Stock is available on such securities exchange or market; provided, however, that if the Common
Stock is not so listed or traded, “Trading Day” means any Business Day. A Trading Day only includes those days that have a scheduled closing time of 4:00 p.m. (New York City time) or the then standard closing time for regular trading
on the relevant exchange or trading system. 
 “Trustee” means the party named as such in the first paragraph of this
Indenture until a successor replaces it in accordance with the provisions of this Indenture, and thereafter means the successor. 
 “Trust Officer” means, with respect to the Trustee, any officer assigned to the Corporate Trust Office, and also, with respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the particular subject. 
 “Vice President”
when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president.” 

“Voting Stock” of a Person means all classes of Capital Stock or other interests (including partnership interests) of such
Person then outstanding and normally entitled (without regard to the occurrence of any contingency within the control of such person to satisfy) to vote in the election of directors, managers or trustees thereof. 

Section 1.02 Other Definitions. 
  

					
	 Term
	 	  	  	Defined in Section
	 “Agent Members”
	 		  	2.01
	 “Bankruptcy Law”
	 		  	7.01
	 “Business Combination”
	 		  	4.10
	 “Company Order”
	 		  	2.02
	 “Company Put Right Notice”
	 		  	3.12
	 “Conversion Agent”
	 		  	2.03
	 “Conversion Date”
	 		  	4.02
	 “DTC”
	 		  	2.01
	 “Depositary”
	 		  	2.01
	 “Determination Date”
	 		  	4.06

  
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	 Term
	 	  	  	Defined in Section
	 “Distributed Securities”
	 		  	4.06
	 “Distribution Notice”
	 		  	4.01
	 “Event of Default”
	 		  	7.01
	 “Expiration Date”
	 		  	4.06
	 “Expiration Time”
	 		  	4.06
	 “Fundamental Change Company Notice”
	  	3.08
	 “Fundamental Change Repurchase Date”
	  	3.08
	 “Fundamental Change Repurchase Notice”
	  	3.08
	 “Legal Holiday”
	 		  	11.07
	 “Make-Whole Fundamental Change”
	  	4.01
	 “Make Whole Premium”
	 		  	4.01
	 “Notice of Default”
	 		  	7.01
	 “Paying Agent”
	 		  	2.03
	 “Primary Registrar”
	 		  	2.03
	 “Purchased Shares”
	 		  	4.06
	 “Put Right Purchase Date”
	 		  	3.12
	 “Put Right Purchase Notice”
	 		  	3.12
	 “Put Right Purchase Price”
	 		  	3.12
	 “record date”
	 		  	4.06
	 “Receiver”
	 		  	7.01
	 “Redemption Price”
	 		  	3.01
	 “Registrar”
	 		  	2.03
	 “Rights”
	 		  	4.06
	 “Rights Plan”
	 		  	4.06
	 “Spinoff Securities”
	 		  	4.06
	 “Spinoff Valuation Period”
	 		  	4.06
	 “tender offer”
	 		  	4.06
	 “Triggering Distribution”
	 		  	4.06

 Section 1.03
Trust Indenture Act Provisions. 
 Whenever this Indenture refers to a provision of the TIA, that provision is
incorporated by reference in and made a part of this Indenture. This Indenture shall also include those provisions of the TIA required to be included herein by the provisions of the Trust Indenture Reform Act of 1990. The following TIA terms used in
this Indenture have the following meanings: 
 “indenture securities” means the Securities; 

“indenture security holder” means a Holder of a Security; 

“indenture to be qualified” means this Indenture; 

  
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 “indenture trustee” or “institutional trustee” means the Trustee; and
“obligor” on the indenture securities means the Company or any other obligor on the Securities. 
 All other terms
used in this Indenture that are defined in the TIA, defined by TIA reference to another statute or defined by any SEC rule and not otherwise defined herein have the meanings assigned to them therein. 

Section 1.04 Rules Of Construction. 
 (a) 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 GAAP; 
 (3) words in the singular include the plural, and words in the plural include the
singular; 
 (4) provisions apply to successive events and transactions; 

(5) the term “merger” includes a statutory share exchange and the term “merged” has a correlative
meaning; 
 (6) the masculine gender includes the feminine and the neuter; 

(7) references to agreements and other instruments include subsequent amendments thereto; and 

(8) all “Article”, “Exhibit” and “Section” references are to Articles, Exhibits and
Sections, respectively, of or to this Indenture unless otherwise specified herein, and the terms “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular Article,
Section or other subdivision. 
 ARTICLE II 
 THE SECURITIES 
 Section 2.01 Form And Dating. 

The Securities and the Trustee’s certificate of authentication shall be substantially in the respective forms set forth in
Exhibit A, which Exhibit is incorporated in and made part of this Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange or automated quotation system rule or regulation or usage. 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. 

  
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 (a) Global Securities. All of the Securities are initially being offered and sold in
reliance on an effective registration statement under the Securities Act and shall be issued initially in the form of a Global Security, which shall be deposited with the Trustee, at its Corporate Trust Office, as custodian for the depositary, The
Depository Trust Company (“DTC”, and such depositary, or any successor thereto, being hereinafter referred to as the “Depositary”), and registered in the name of its nominee, Cede & Co. (or any successor thereto), for
the accounts of participants in the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of a Global Security may from time to time be increased or decreased by adjustments
made on the records of the Securities Custodian as hereinafter provided, subject in each case to compliance with the Applicable Procedures. 
 (b) 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
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 issuances, replacements,
exchanges, purchases, redemptions, or conversions of such Securities. 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 and shall be made on the records of the Trustee and the Depositary. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any
Global Security held on their behalf by the Depositary or under the Global Security, and the Depositary (including, for this purpose, its nominee) may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute
owner and Holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall (1) 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 (2) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security.

 (c) Book Entry Provisions. The Company shall execute and the Trustee shall, in accordance with this
Section 2.01(c), authenticate and deliver initially one or more Global Securities that (1) shall be registered in the name of the Depositary or its nominee, (2) shall be delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instructions and (3) shall bear a legend substantially to the following effect: 
 “UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE 

  
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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. THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 

Section 2.02 Execution And Authentication. 
 (a) The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
 (b) An Officer shall sign the Securities for the Company by manual or facsimile signature. Typographic and other minor errors or defects in any such facsimile signature shall not affect the validity or
enforceability of any Security that has been authenticated and delivered by the Trustee. 
 (c) If an officer whose signature is
on a Security no longer holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless. 
 (d) A Security shall not be valid until an authorized signatory of the Trustee by manual signature signs the certificate of authentication on the Security. The signature shall be conclusive evidence that
the Security has been authenticated under this Indenture. 
 (e) The Trustee shall authenticate and make available for delivery
Securities for original issue upon receipt of a written order or orders of the Company signed by an Officer of the Company (a “Company Order”). The Company Order shall specify the amount of Securities to be authenticated, whether such
securities will be represented by a Global Security or Certificated Securities and the date on which each original issue of Securities is to be authenticated. 

  
 -10-

 (f) The Trustee shall act as the initial authenticating agent. Thereafter, the Trustee may
appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent shall have the same rights as an Agent to deal with the Company or an Affiliate of the Company. 
 (g) The Securities shall be issuable only in registered form without coupons and only in denominations of $1,000 principal amount and any integral multiple thereof. 

Section 2.03 Registrar, Paying Agent and Conversion Agent. 

(a) The Company shall maintain one or more offices or agencies where Securities may be presented for registration of transfer or for
exchange (each, a “Registrar”), one or more offices or agencies where Securities may be presented for payment (each, a “Paying Agent”), one or more offices or agencies where Securities may be presented for conversion (each, a
“Conversion Agent”) and one or more offices or agencies where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. One of the Registrars (the “Primary Registrar”) shall keep a
register of the Securities and of their transfer and exchange. 
 (b) The Company shall enter into an appropriate agency
agreement with any Agent not a party to this Indenture, provided that the Agent may be an Affiliate of the Trustee. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee in
writing of the name and address of any Agent not a party to this Indenture. If the Company fails to maintain a Registrar, Paying Agent, Conversion Agent, or agent for service of notices and demands, or fails to give the foregoing notice, the Trustee
shall act as such. The Company or any Affiliate of the Company may act as Paying Agent (except for the purposes of Section 5.01 and Article IX). 
 (c) The Company hereby initially designates the Trustee as Paying Agent, Registrar, Securities Custodian and Conversion Agent, and designates the Corporate Trust Office of the Trustee as the office where
notices and demands to or upon the Company in respect of the Securities and this Indenture shall be served. 
 Section 2.04
Paying Agent To Hold Money In Trust. 
 Prior to 12:00 p.m. (noon), New York City time, on each due date of the
payment of principal of, or interest on, any Securities, the Company shall deposit with the Paying Agent a sum sufficient to pay such principal or interest so becoming due. Subject to Section 9.03, a Paying Agent shall hold in trust for the
benefit of Holders of Securities or the Trustee all money held by the Paying Agent for the payment of principal of, or interest on, the Securities, and shall notify the Trustee in writing of any failure by the Company (or any other obligor on the
Securities) to make any such payment. If the Company or an Affiliate of the Company acts as Paying Agent, it shall, before 12:00 p.m.(noon), New York City time, on each due date of the principal of, or interest on, any Securities, segregate the
money and hold it as a separate trust 

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

Section 2.05 Lists of Holders of Securities. 
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders of Securities. If the Trustee is not the Primary
Registrar, the Company shall furnish to the Trustee at least five (5) Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may
reasonably require of the names and addresses of Holders of Securities. 
 Section 2.06 Transfer And Exchange.

 (a) Subject to compliance with any applicable additional requirements contained in Section 2.12, when a Security is
presented to a Registrar with a request to register a transfer thereof or to exchange such Security for an equal principal amount of Securities of other authorized denominations, the Registrar shall register the transfer or make the exchange as
requested; provided, however, that every Security presented or surrendered for registration of transfer or exchange shall be duly endorsed or accompanied by an assignment form and, if applicable, a transfer certificate each in the form
included in Exhibit A, and completed in a manner satisfactory to the Registrar and duly executed by the Holder thereof or its attorney duly authorized in writing. To permit registration of transfers and exchanges, upon surrender of any Security
for registration of transfer or exchange at an office or agency maintained pursuant to Section 2.03, the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate Securities of a like aggregate principal amount at
the Registrar’s request. Any exchange or transfer shall be without charge, except that the Company or the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto;
provided that this sentence shall not apply to any exchange pursuant to Section 2.10, 3.06, 3.13, 4.02(e) or 10.05. 
 (b)
Neither the Company, any Registrar nor the Trustee shall be required to exchange or register a transfer of (1) any Securities for a period of 15 days next preceding mailing of a notice of Securities to be redeemed, (2) any Securities or
portions thereof selected or called for redemption (except, in the case of redemption of a Security in part, the portion thereof not to be redeemed), (3) any Securities or portions thereof in respect of which a Fundamental Change Repurchase
Notice has been delivered and not withdrawn by the Holder thereof (except, in the case of the purchase of a Security in part, the portion thereof not to be purchased) or (4) any Securities or portions thereof in respect of which a Put Right
Purchase Notice has been delivered and not withdrawn by the Holder thereof (except, in the case of the purchase of a Security in part, the portion thereof not to be purchased). 

  
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 (c) All Securities issued upon any transfer or exchange of Securities shall be valid
obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 
 (d) Any Registrar appointed pursuant to Section 2.03 shall provide to the Trustee such information as the Trustee may reasonably require in connection with the delivery by such Registrar of
Securities upon transfer or exchange of Securities. 
 Section 2.07 Replacement Securities. 

(a) If any mutilated Security is surrendered to the Company, a Registrar or the Trustee, or the Company, a Registrar and the Trustee
receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company, the applicable Registrar and the Trustee such security or indemnity as will be required by them to save each of them
harmless, then, in the absence of notice to the Company, such Registrar or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute, and upon delivery of a Company Order 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 number not contemporaneously outstanding. 

(b) If any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, or is about to be
purchased or redeemed by the Company pursuant to Article III, or converted pursuant to Article IV, the Company in its discretion may, instead of issuing a new Security, pay, redeem, purchase or convert such Security, as the case may be.

 (c) 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 reasonable expenses (including the reasonable fees and expenses of the Trustee or the Registrar) in connection therewith. 

(d) Every new Security issued pursuant to this Section 2.07 in lieu of any mutilated, destroyed, lost or stolen Security shall
constitute an original additional contractual obligation of the Company, whether or not the mutilated, 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. 
 (e) The provisions of this Section 2.07 are (to
the extent lawful) exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.08 Outstanding Securities. 
 (a) Securities outstanding at any time are all Securities authenticated by the Trustee, except for those canceled by it, those redeemed or purchased pursuant to Article III, those converted pursuant
to Article IV, those delivered to the Trustee for cancellation or surrendered for transfer or exchange and those described in this Section 2.08 as not outstanding. 

  
 -13-

 (b) If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding
unless the Company receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 (c) If a
Paying Agent (other than the Company or an Affiliate of the Company) holds in respect of the outstanding securities on a Redemption Date, a Fundamental Change Repurchase Date, a Put Right Purchase Date, or the Final Maturity Date money sufficient to
pay the principal of (including premium, if any) and accrued interest on Securities (or portions thereof) payable on that date, then on and after such Redemption Date, Fundamental Change Repurchase Date, Put Right Purchase Date, or Final Maturity
Date, as the case may be, such Securities (or portions thereof, as the case may be) shall cease to be outstanding and cash interest on them 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 thereof satisfactory to the Trustee has been made. 
 (d) Subject to the
restrictions contained in Section 2.09, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 
 Section 2.09 Treasury Securities. 
 In determining whether the Holders
of the required principal amount of Securities have concurred in any notice, direction, waiver or consent, securities owned by the Company or any other obligor on the Securities or by any Affiliate of the Company or of such other obligor shall be
disregarded, except that, for purposes of determining whether the Trustee shall be protected in relying on any such notice, direction, waiver or consent, only Securities which a Trust Officer of the Trustee with responsibility for this Indenture
actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
the Securities and that the pledgee is not the Company or any other obligor on the Securities or any Affiliate of the Company or of such other obligor. 
 Section 2.10 Temporary Securities. 
 Until definitive Securities are
ready for delivery, the Company may prepare and execute, and, upon receipt of a Company Order, the Trustee shall authenticate and deliver, temporary Securities. Temporary Securities shall be substantially in the form of definitive securities but may
have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate and deliver definitive Securities in exchange for temporary Securities.

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

  
 -14-

 
conversion or cancellation and shall dispose of the cancelled Securities in accordance with its customary procedures or deliver the canceled Securities to the Company. All Securities which are
redeemed, purchased or otherwise acquired by the Company or any of its Subsidiaries prior to the Final Maturity Date pursuant to Article III shall be delivered to the Trustee for cancellation, and the Company may not hold or resell such
Securities. 
 Section 2.12 Additional Transfer And Exchange Requirements. 

(a) 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 the foregoing 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 of such Person. Notwithstanding any other provisions of this Indenture or the Securities, transfers of
a Global Security, in whole or in part, shall be made only in accordance with this Section 2.12. 
 (b) Whenever any
Security other than a Global Security is presented or surrendered for registration of transfer or in 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 A, dated the date of such surrender and signed by the Holder of such Security. 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. 
 As used in this Section 2.12(b), the term “transfer” encompasses any sale, pledge, transfer,
hypothecation or other disposition of any Security. 
 (c) The provisions below shall apply to Global Securities: 

(1) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary or a nominee
thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for purposes of this Indenture. 

(2) 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, and no transfer of a Global Security in whole or in part shall be 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 (A) 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 the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days after receiving such notice or becoming aware that the Depositary has ceased to be
a “clearing agency,” or (B) an Event of Default has occurred and is continuing with 

  
 -15-

 
respect to the Securities and the Depositary requests the issuance of Certificated Securities. Any Global Security exchanged pursuant to subclause (A) above shall be so exchanged in whole
and not in part, and any Global Security exchanged pursuant to subclause (B) 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 further that any such Security so issued that is registered in the name of a Person other than the Depositary or a nominee thereof shall not be a Global Security. 

(3) Securities issued in exchange for a Global Security or any portion thereof shall be issued in definitive, fully
registered form, without interest coupons, 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 legend provided for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as 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. 
 (4) Subject to clause (6) of
this Section 2.12(c), the registered Holder may grant proxies and otherwise authorize any Person, including Agent Members 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. 
 (5) In the event of the occurrence of any of the events specified in
clause (2) of this Section 2.12(c), the Company will promptly make available to the Trustee a reasonable supply of Certificated Securities in definitive, fully registered form, without interest coupons. 

(6) Neither 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. 

  
 -16-

 (7) At such time as all interests in a Global Security have been redeemed,
converted, cancelled or exchanged for Securities in certificated form, such Global Security shall, upon receipt thereof, be cancelled by the Trustee in accordance with standing procedures and instructions existing between the Depositary and the
Securities Custodian, subject to Section 2.11 of this Indenture. At any time prior to such cancellation, if any interest in a Global Security is redeemed, converted, canceled or exchanged for Securities in certificated form, the principal
amount of such Global Security shall, in accordance with the standing procedures and instructions existing between the Depositary and the Securities Custodian, be appropriately reduced, and an endorsement shall be made on such Global Security, by
the Trustee or the Securities Custodian, at the direction of the Trustee, to reflect such reduction. 
 Section 2.13
CUSIP Numbers. 
 The Company in issuing the Securities may use a “CUSIP” number (if then generally in use),
and, if so, the Trustee shall use the “CUSIP” number in notices of redemption or purchase as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such number 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 or purchase shall not be affected by any
defect in or omission of such number. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” number. 
 ARTICLE III 
 REDEMPTION AND PURCHASE 

Section 3.01 Optional Redemption. 
 (a) Prior to January 15, 2013, the Securities shall not be redeemable. The Company may, at its option, redeem the Securities for cash at the Redemption Price, in whole or in part, on any Redemption
Date (or in the case of multiple redemptions, Redemption Dates) fixed by the Company (i) from time to time on or after January 15, 2013 to, but excluding, January 15, 2015, if the Closing Price of the Common Stock equals or exceeds
150% of the Conversion Price in effect for at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers the redemption notice specified in Section 3.03, and
(ii) on and after January 15, 2015, at any time and from time to time. The Redemption Price shall equal 100% of the principal amount of the Securities to be redeemed, plus any accrued and unpaid interest to, but excluding, the Redemption
Date; provided, however, that if the Redemption Date falls after a Regular Record Date but on or prior to the corresponding Interest Payment Date, the interest on the Securities payable on such Redemption Date will be payable to the
Holders in whose names the Securities are registered at the close of business on the applicable Regular Record Date. 

  
 -17-

 (b) If the Company elects to redeem Securities pursuant to this Section 3.01, it shall
notify the Trustee at least fifteen days prior to the date it sends the redemption notice specified in Section 3.03 to the Holders (unless a shorter notice shall be satisfactory to the Trustee), of the Redemption Date and the principal amount
of Securities to be redeemed. 
 Section 3.02 Selection Of Securities To Be Redeemed. 

(a) If less than all of the Securities are to be redeemed, unless the Applicable Procedures specify otherwise, the Trustee shall select
the Securities to be redeemed within five Business Days after it receives the notice described in Section 3.01(b). The Trustee shall make the selection from the Securities outstanding and not previously called for redemption by lot, or in its
discretion, on a pro rata basis or by another method that the Trustee considers fair and appropriate (so long as such method is not prohibited by the rules of any stock exchange or market on which the Securities are listed and the Trustee has
knowledge of such listing). Securities in denominations of $1,000 principal amount may only be redeemed in whole. The Trustee may select for redemption portions (equal to $1,000 principal amount or any integral multiple thereof) of the principal
amount of Securities that have denominations larger than $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 of
the Securities or portions of Securities to be redeemed. 
 (b) 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 (up to the amount of the redemption) to be the portion selected for redemption.
Securities which have been converted subsequent to the Trustee commencing selection of Securities to be redeemed but prior to redemption of such Securities shall be treated by the Trustee as outstanding for the purpose of such selection. 

(c) In the event of any redemption in part, the Company shall not be required to (i) issue, register the transfer of or exchange any
Security during a period beginning at the opening of business 15 days before any selection of Securities for redemption and ending at the close of business on the earliest date on which the relevant notice of redemption is deemed to have been given
to all Holders of Securities to be redeemed, or (ii) register the transfer or exchange of any Security so selected for redemption, in whole or in part, except the unredeemed portion of any security being redeemed in part. 

Section 3.03 Notice Of Redemption. 
 (a) At least 30 days but not more than 60 days before a Redemption Date, the Company shall mail or cause to be mailed a notice of redemption to each Holder of Securities to be redeemed at such
Holder’s address as it appears on the Registrar’s books. 
 (b) The notice shall identify the Securities (including
CUSIP number) to be redeemed and shall state: 
 (1) the Redemption Date; 

  
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 (2) the Redemption Price; 

(3) the then effective Conversion Rate; 

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

(5) that Securities called for redemption must be presented and surrendered to a Paying Agent to collect the Redemption
Price; 
 (6) that Holders who wish to convert Securities must surrender such Securities for conversion no later
than the close of business on the second Business Day immediately preceding the Redemption Date and must satisfy the other requirements set forth in Article IV; 

(7) that, unless the Company has failed to make the payment of such Redemption Price which is due and payable, interest
will cease to accrue on and after the Redemption Date; 
 (8) if any Security is being redeemed in part, the
portion of the principal amount of such Security to be redeemed and that, after the Redemption Date, upon presentation and surrender of such Security, a new Security or Securities in aggregate principal amount equal to the unredeemed portion thereof
will be issued; 
 (9) if Certificated Securities have been issued and fewer than all the outstanding Securities
are to be redeemed, the certificate number and the principal amounts of the particular Securities to be redeemed; and 
 (10) if such notice is provided by the Trustee, that no representation is made as to the correctness or accuracy of the CUSIP number listed in such notice. 

(c) If any of the Securities to be redeemed are in the form of a Global Security, then the Company shall modify such notice to the extent
necessary to accord with the procedures of the Depositary applicable to redemptions. At the Company’s written request, which request shall (1) be irrevocable once given and (2) set forth all relevant information required by
clauses (1) through (9) of Section 3.03(b), the Trustee shall give the notice of redemption to each Holder in the Company’s name and at the Company’s expense; provided, however, that in all cases, the text of
such notice of redemption shall be prepared by the Company; and provided further that the Company submit to the Trustee such written request, along with an Officers’ Certificate, at least five Business Days prior to the date by which such
notice of redemption must be given to the Holders in accordance with this Section 3.03 (unless a shorter period should be satisfactory to the Trustee). 

  
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 Section 3.04 Effect Of Notice Of Redemption. 

Once notice of redemption is mailed, 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 on a Conversion Date prior to the Redemption Date in accordance with the provisions of Article IV. On or after the Redemption Date and upon presentation and surrender to a
Paying Agent, Securities called for redemption shall be paid at the Redemption Price. 
 Section 3.05 Deposit Of
Redemption Price. 
 (a) Prior to 12:00 p.m. (noon), New York City time, on the Redemption Date, the Company shall
deposit with a Paying Agent (or, if the Company acts as Paying Agent, shall segregate and hold in trust) an amount of money (in immediately available funds if deposited on such Redemption Date) sufficient to pay the Redemption Price payable upon
redemption on all Securities to be redeemed on that date, other than Securities or portions thereof called for redemption on that date which 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 the cancellation of Securities or the conversion of Securities pursuant to Article IV or, if such money is then held by the Company in
trust and is not required for such purpose, it shall be discharged from the trust. 
 (b) If a Paying Agent holds, in accordance
with the terms hereof, money sufficient to pay the Redemption Price of any Security for which a notice of redemption has been tendered and not withdrawn in accordance with this Indenture then, on the Redemption Date, such Security will cease to be
outstanding, whether or not the Security is delivered to the Paying Agent, and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Redemption Price as aforesaid). 

Section 3.06 Securities Redeemed In Part. 
 Upon presentation and surrender of a Security that is redeemed in part, the Company shall execute and the Trustee shall authenticate and deliver to the Holder a new Security equal in principal amount to
the unredeemed portion of the Security surrendered. 
 Section 3.07 Conversion Arrangement On Call For Redemption.

 In connection with any redemption of Securities, the Company may arrange for the purchase and conversion into Common Stock of
any Securities called for redemption by an agreement with one or more investment banks or other purchasers to purchase such Securities by paying to a Paying Agent (other than the Company or any of its Affiliates) in trust for the Holders, on or
before 12:00 p.m. (noon), New York City time, on the Redemption Date, an amount that, together with any amounts deposited with such Paying Agent by the Company for the redemption of such securities, is not less than the Redemption Price.
Notwithstanding anything to the contrary contained in this Article III, the obligation of the Company to pay the Redemption Price of such Securities shall be deemed to be satisfied and discharged to the extent such amount is so paid by such
purchasers; provided, however, that nothing in this Section 3.07 

  
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shall relieve the Company of its obligation to pay the Redemption Price on Securities called for redemption. If such an agreement with one or more investment banks or other purchasers is entered
into, any Securities called for redemption and not surrendered for conversion by the Holders thereof prior to the relevant Redemption Date may, at the option of the Company upon written notice to the Trustee, be deemed, to the fullest extent
permitted by law, acquired by such purchasers from such Holders and (notwithstanding anything to the contrary contained in Article IV) surrendered by such purchasers for conversion, all as of 12:00 p.m. (noon), New York City time, on the
Redemption Date, subject to payment of the above amount as aforesaid. The Paying Agent shall hold and pay to the Holders whose Securities are selected for redemption any such amount paid to it for purchase in the same manner as it would money
deposited with it by the Company for the redemption of Securities. Without the Paying Agent’s prior written consent, no arrangement between the Company and such purchasers for the purchase and conversion of any Securities shall increase or
otherwise affect any of the powers, duties, responsibilities or obligations of the Paying Agent as set forth in this Indenture, and the Company agrees to indemnify the Paying Agent from, and hold it harmless against, any loss, liability or expense
arising out of or in connection with any such arrangement for the purchase and conversion of any Securities between the Company and such purchasers, including the costs and expenses incurred by the Paying Agent in the defense of any claim or
liability arising out of or in connection with the exercise or performance of any of its powers, duties, responsibilities or obligations under this Indenture. 
 Section 3.08 Repurchase Of Securities At Option Of The Holder Upon a Fundamental Change. 
 (a) If a Fundamental Change occurs prior to the Final Maturity Date, each Holder of a Security shall have the right, at the option of the Holder, provided that no Default or Event of Default has occurred
and is continuing (other than a Default in the payment of the Fundamental Change Repurchase Price), to require the Company to repurchase for cash all or any portion of the Securities of such Holder equal to $1,000 principal amount (or an integral
multiple thereof) at the Fundamental Change Repurchase Price, on the date that is not less than 30 days nor more than 45 days after the date of the Fundamental Change Company Notice pursuant to subsection 3.08(b) (the “Fundamental Change
Repurchase Date”). 
 (b) On or before the 30th day after the occurrence of a Fundamental Change, the Company shall mail a
written notice of the Fundamental Change and of the resulting repurchase right to the Trustee, Paying Agent and to each Holder (and to beneficial owners to the extent and in the manner required by applicable law) (the “Fundamental Change
Company Notice”). The Fundamental Change Company Notice shall include the form of a Fundamental Change Repurchase Notice to be completed by the Holder and shall state: 

(1) the events causing such Fundamental Change; 

(2) the date of such Fundamental Change; 

(3) the last date by which the Fundamental Change Repurchase Notice must be delivered to elect the repurchase option
pursuant to this Section 3.08; 

  
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 (4) the Fundamental Change Repurchase Date; 

(5) the Fundamental Change Repurchase Price; 

(6) the Holder’s right to require the Company to purchase the Securities; 

(7) the name and address of each Paying Agent and Conversion Agent; 

(8) the then effective Conversion Rate and any adjustments to the Conversion Rate resulting from such Fundamental Change;

 (9) the procedures that the Holder must follow to exercise rights under Article IV and that Securities as
to which a Fundamental Change Repurchase Notice has been given may be converted into Common Stock pursuant to Article IV of this Indenture only to the extent that the Fundamental Change Repurchase Notice has been withdrawn in accordance with
the terms of this Indenture; 
 (10) the procedures that the Holder must follow to exercise rights under this
Section 3.08; 
 (11) the procedures for withdrawing a Fundamental Change Repurchase Notice; 

(12) that, unless the Company fails to pay such Fundamental Change Repurchase Price, Securities covered by any Fundamental
Change Repurchase Notice will cease to be outstanding and interest will cease to accrue on and after the Fundamental Change Repurchase Date; and 
 (13) the CUSIP number of the Securities, provided that if such notice is provided by the Trustee, no representation is made as to the correctness or accuracy of such CUSIP number. 

At the Company’s written request, the Trustee shall give such Fundamental Change Company Notice in the Company’s name and at
the Company’s expense; provided, that, in all cases, the text of such Fundamental Change Company Notice shall be prepared by the Company and submitted to the Trustee along with an Officers’ Certificate and written request within 20 days
after the occurrence of a Fundamental Change. If any of the Securities is in the form of a Global Security, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures relating to the purchase of Global
Securities. 
 (c) A Holder may exercise its rights specified in Section 3.08(a) upon delivery of a written notice (which
shall be in substantially the form attached as Exhibit A under the heading “Fundamental Change Repurchase Notice” and which may be delivered by letter, overnight courier, hand delivery, facsimile transmission or in any other written
form and, in the case of Global Securities, may be delivered electronically or by other means in accordance with 

  
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the Depositary’s Applicable Procedures) of the exercise of such rights (a “Fundamental Change Repurchase Notice”) to the Company or any Paying Agent at any time prior to the close
of business on the Business Day next preceding the Fundamental Change Repurchase Date, subject to extension to comply with applicable law. 
 (1) The Fundamental Change Repurchase Notice shall state: (A) the certificate number (if such Security is held other than in global form) of the Security which the Holder will deliver to be purchased
(or, if the Security is held in global form, any other items required to comply with the Applicable Procedures), (B) the portion of the principal amount of the Security which the Holder will deliver to be purchased and (C) that such
Security shall be purchased as of the Fundamental Change Repurchase Date pursuant to the terms and conditions specified in the Securities and in this Indenture. 
 (2) The delivery of a Security for which a Fundamental Change Repurchase Notice has been timely delivered to any Paying Agent and not validly withdrawn prior to, on or after the Fundamental Change
Repurchase Date (together with all necessary endorsements) at the office of such Paying Agent shall be a condition to the receipt by the Holder of the Fundamental Change Repurchase Price therefor. 

(3) The Company shall only be obliged to purchase, 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 purchase of all of a Security also apply to the purchase of such portion of such Security). 

(4) Notwithstanding anything herein to the contrary, any Holder delivering to a Paying Agent the Fundamental Change
Repurchase Notice contemplated by this Section 3.08(c) shall have the right to withdraw such Fundamental Change Repurchase Notice in whole or in a portion thereof that is a principal amount of $1,000 or in an integral multiple thereof at any
time prior to the close of business on the Business Day prior to the Fundamental Change Repurchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.09. 

(5) A Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Repurchase Notice or
written withdrawal thereof. 
 (6) Anything herein to the contrary notwithstanding, in the case of Global
Securities, any Fundamental Change Repurchase Notice may be delivered or withdrawn and such Securities may be surrendered or delivered for purchase in accordance with the Applicable Procedures as in effect from time to time. 

  
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 Section 3.09 Effect Of Fundamental Change Repurchase Notice. 

(a) Upon receipt by any Paying Agent of a properly completed Fundamental Change Repurchase Notice from a Holder, the Holder of the
Security in respect of which such Fundamental Change Repurchase Notice was given shall (unless such Fundamental Change Repurchase Notice is withdrawn as specified in Section 3.09(b)) thereafter be entitled to receive the Fundamental Change
Repurchase Price with respect to such Security, subject to the occurrence of the Fundamental Change Effective Date. Such Fundamental Change Repurchase Price shall be paid to such Holder promptly following the later of (1) the Fundamental Change
Repurchase Date (provided that the conditions in Section 3.08 have been satisfied) and (2) the time of delivery of such Security to a Paying Agent by the Holder thereof in the manner required by Section 3.08(c). Securities in respect
of which a Fundamental Change Repurchase Notice has been given by the Holder thereof may not be converted into shares of Common Stock pursuant to Article IV on or after the date of the delivery of such Fundamental Change Repurchase Notice
unless such Fundamental Change Repurchase Notice has first been validly withdrawn in accordance with Section 3.09(b) with respect to the Securities to be converted. 
 (b) A Fundamental Change Repurchase Notice may be withdrawn by means of a written notice (which may be delivered by mail, overnight courier, hand delivery, facsimile transmission or in any other written
form and, in the case of Global Securities, may be delivered electronically or by other means in accordance with the Applicable Procedures) of withdrawal delivered by the Holder to a Paying Agent at any time prior to the close of business on the
Business Day immediately prior to the Fundamental Change Repurchase Date, specifying (1) the principal amount of the Security or portion thereof (which must be a principal amount of $1,000 or an integral multiple of $1,000 in excess thereof)
with respect to which such notice of withdrawal is being submitted, (2) if certificated Securities have been issued, the certificate number of the Security being withdrawn in whole or in withdrawable part (or if the Securities are not
certificated, such written notice must comply with the procedures of the Depositary) and (3) the portion, if any, of the principal amount of the Security that will remain subject to the Fundamental Change Repurchase Notice, which portion must
be a principal amount of $1,000 or an integral multiple thereof. 
 Section 3.10 Deposit of Fundamental Change
Repurchase Price. 
 (a) On or before 12:00 p.m.(noon) New York City time on the Business Day following the applicable
Fundamental Change Repurchase Date, the Company shall deposit with the Trustee or with a Paying Agent (or if the Company or an Affiliate of the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in
Section 2.04) an amount of money (in immediately available funds if deposited on or after such Fundamental Change Repurchase Date), sufficient to pay the aggregate Fundamental Change Repurchase Price of all the Securities or portions thereof
that are to be purchased as of such Fundamental Change Repurchase Date. 
 (b) If a Paying Agent or the Trustee holds, in
accordance with the terms hereof, money sufficient to pay the Fundamental Change Repurchase Price of any security for which a Fundamental Change Repurchase Notice has been tendered and not withdrawn in

  
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accordance with this Indenture then, on the Business Day following the applicable Fundamental Change Repurchase Date, such Security will cease to be outstanding, whether or not the Security is
delivered to the Paying Agent or the Trustee, and interest shall cease to accrue, and the rights of the Holder in respect of the Security shall terminate (other than the right to receive the Fundamental Change Repurchase Price as aforesaid). The
Company shall publicly announce the principal amount of Securities repurchased on or as soon as practicable after the Fundamental Change Repurchase Date. 
 (c) The Paying Agent will promptly return to the respective Holders thereof any Securities with respect to which a Fundamental Change Repurchase Notice has been withdrawn in compliance with this
Indenture. 
 (d) If a Fundamental Change Repurchase Date falls after a Regular Record Date and on or before the related
Interest Payment Date, then interest on the Securities payable on such Fundamental Change Repurchase Date will be payable to the Holders in whose names the Securities are registered at the close of business on such Regular Record Date. 

Section 3.11 Repayment To The Company. 
 To the extent that the aggregate amount of cash deposited by the Company pursuant to Section 3.10 exceeds the aggregate Fundamental Change Repurchase Price of the Securities or portions thereof that
the Company is obligated to purchase, then promptly after the Fundamental Change Repurchase Date the Trustee or a Paying Agent, as the case may be, shall return any such excess cash to the Company. 

Section 3.12 Purchase Of Securities At Option Of The Holder On Specified Dates. 

(a) Securities shall be purchased in cash in whole or in part (which must be equal to $1,000 principal amount or any integral multiple
thereof) by the Company, at the option of Holders, in accordance with the provisions of this Section 3.12 and paragraph 8 of the Securities promptly on January 15, 2015, January 15, 2016 and January 15, 2021 (each, a
“Put Right Purchase Date”), or the time of the surrender of the Securities, if later, for cash at a purchase price equal to 100% of the principal amount of the surrendered securities together with accrued but unpaid interest, if any, to
but excluding the applicable Put Right Purchase Date (the “Put Right Purchase Price”); provided that if the Put Right Purchase Date is also an Interest Payment Date, then interest on the Securities payable on such Interest Payment Date
will instead be payable to the Holders in whose names the Securities are registered at the close of business on the applicable Regular Record Date. 
 (b) The Company shall give written notice of the applicable Put Right Purchase Date by notice sent by first-class mail to the Trustee and to each Holder (at its address shown in the register of the
Registrar) and to Beneficial Owners to the extent and in the manner required by applicable law not less than 20 Business Days prior to each Put Right Purchase Date (the “Company Put Right Notice”). Each Company Put Right Notice shall
include a form of Put Right Purchase Notice to be completed by a Holder and shall state: 
 (1) the Put Right
Purchase Price and the Conversion Rate then in effect; 

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

 (3) that Securities as to which a Put Right Purchase Notice has been given may be converted, if they are
otherwise convertible, only in accordance with Article IV and paragraph 9 of the Securities and only to the extent that the Put Right Purchase Notice has been withdrawn in accordance with the terms of this Indenture; 

(4) that Securities must be surrendered to the Paying Agent as a condition to collecting payment of the Put Right Purchase
Price; 
 (5) that the Put Right Purchase Price for any Security as to which a Put Right Purchase Notice has been
given and not withdrawn will be paid promptly following the later of the Put Right Purchase Date and the time of surrender of such Security as described in subclause (4) above; 

(6) the procedures the Holder must follow to exercise rights under this Section 3.12 and a brief description of those
rights; 
 (7) briefly, the conversion rights of the Securities; 

(8) the procedures for withdrawing a Put Right Purchase Notice (including a summary of the terms of Section 3.12(g));

 (9) that, unless the Company fails to pay such Put Right Purchase Price on Securities for which a Put Right
Purchase Notice has been submitted, such Securities shall no longer be outstanding and interest on such Securities will cease to accrue on and after the Put Right Purchase Date; and 

(10) the CUSIP number of the Securities, provided that if such notice is provided by the Trustee, no representation is
made as to the correctness or accuracy of such CUSIP number. 
 (c) If any of the Securities to be repurchased are in the form
of a Global Security, the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures relating to repurchases. 
 (d) At the Company’s written request, the Trustee shall give such Company Put Right Notice on behalf of the Company and at the Company’s expense; provided, however, that, in all
cases, the text of such Company Put Right Notice shall be prepared by the Company; provided further that the Company shall make such request and deliver the text of such Company Put Right Notice at least five Business Days prior to the date by which
such Company Put Right Notice must be given in accordance with this Section 3.12 (unless a shorter period shall be satisfactory to the Trustee). 

  
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 (e) To exercise its rights pursuant to this Section 3.12, the Holder shall deliver to
the Paying Agent a properly completed put right purchase notice (each, a “Put Right Purchase Notice”) at any time from the opening of business on the date that is 20 Business Days prior to the applicable Put Right Purchase Date until the
close of business on the Business Day immediately preceding the Put Right Purchase Date stating: 
 (1) if
certificated Securities have been issued, the certificate number of the Security that the Holder will deliver for repurchase (or if the Securities are not certificated, the Put Right Purchase Notice must comply with the Applicable Procedures
relating to purchases), 
 (2) the portion of the principal amount of the Security which the Holder will deliver
to be purchased, which portion must be a principal amount of $1,000 or an integral multiple thereof, and 
 (3)
that such Security shall be purchased as of the applicable Put Right Purchase Date pursuant to the terms and conditions in this Section 3.12 and the Securities. 
 (f) The Company shall pay the Put Right Purchase Price for all Securities with respect to which a Put Right Purchase Notice is given and not validly withdrawn, promptly following the later of the
applicable Put Right Purchase Date and delivery of such Securities to the Paying Agent (together with all necessary endorsements) at the offices of the Paying Agent (if the Securities are not certificated, such delivery must comply with the
Applicable Procedures relating to purchases). Delivery of such Security shall be a condition to receipt by the Holder of the Put Right Purchase Price therefor. The Put Right Purchase Price shall be paid pursuant to this Section 3.12 only if the
Security delivered to the Paying Agent conforms in all respects to the description thereof in the related Put Right Purchase Notice, as determined by the Company. 
 (g) Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Put Right Purchase Notice contemplated by this Section 3.12 shall have the right to withdraw such
Put Right Purchase Notice in whole or in part at any time prior to the close of business on the Business Day immediately preceding the applicable Put Right Purchase Date by delivery of a written notice of withdrawal to the Paying Agent specifying:

 (1) the aggregate principal amount of the Security (which must be equal to $1,000 or any integral multiple
thereof) with respect to which such notice of withdrawal is being submitted, 
 (2) the certificate number, if
any, of the Security in respect of which such notice of withdrawal is being submitted (or, if the Securities are not certificated, the withdrawal notice must comply with the Applicable Procedures relating to withdrawals), and 

  
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 (3) the aggregate principal amount, if any, of such Security which remains
subject to the original Put Right Purchase Notice and which has been or will be delivered for purchase by the Company. 
 (h)
The Paying Agent shall promptly notify the Company of the receipt by it of any Put Right Purchase Notice or written notice of withdrawal thereof. 
 (i) On or before 12:00 p.m. (noon) New York City time on the Business Day following the applicable Put Right Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent (or if
the Company or an Affiliate of the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 2.04) an amount of money (in immediately available funds if deposited on or after such Put Right Purchase Date)
sufficient to pay the aggregate Put Right Purchase Price of all the Securities or portions thereof which are to be purchased as of the Put Right Purchase Date. 
 (1) If a Paying Agent holds, in accordance with the terms hereof, money sufficient to pay the Put Right Purchase Price of any Security for which a Put Right Notice has been tendered and not withdrawn,
then, on the Business Day after the Put Right Purchase Date, such Security will cease to be outstanding, and interest shall cease to accrue, whether or not the Security is delivered to the Paying Agent, and the rights of the Holder in respect of the
Security shall terminate (other than the right to receive the Put Right Purchase Price as aforesaid). 
 (2) The
Put Right Purchase Price shall be paid to such Holder with respect to Securities for which a Put Right Purchase Notice has been tendered and not validly withdrawn, subject to receipt of funds by the Paying Agent, promptly after the later of
(A) the applicable Put Right Purchase Date with respect to such Security (provided that the conditions in Section 3.12(f) have been satisfied) and (B) the time of delivery of such Security to the Paying Agent by the Holder thereof in
the manner required by Section 3.12(f). Securities in respect of which a Put Right Purchase Notice has been given by the Holder thereof may not be converted on or after the date of the delivery of such Put Right Purchase Notice, unless such Put
Right Purchase Notice has first been validly withdrawn as specified in Section 3.12(g). 
 (3) To the extent
that the aggregate amount of cash deposited by the Company pursuant to this Section 3.12(i) exceeds the aggregate Put Right Purchase Price of the Securities or portions thereof that the Company is obligated to purchase, then promptly after the
Put Right Purchase Date the Trustee or a Paying Agent, as the case may be, shall return any such excess cash to the Company, or if such money is then held by the Company in trust, it shall be discharged from the trust. 

(j) The Company shall only be obligated to purchase, pursuant to this Section 3.12, 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 purchase of all of a Security also apply to the purchase of such portion of such Security. 

  
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 Section 3.13 Securities Purchased In Part 

Any Security that is to be purchased only in part shall be surrendered at the office of a Paying Agent, and promptly after the
Fundamental Change Repurchase Date or the Put Right Purchase Date, as the case may be, 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
such authorized denomination or denominations as may be requested by such Holder (which must be equal to $1,000 principal amount or any integral thereof), in aggregate principal amount equal to, and in exchange for, the portion of the principal
amount of the Security so surrendered that is not purchased. 
 Section 3.14 Compliance With Securities Laws Upon
Purchase of Securities. 
 In connection with any offer to purchase of Securities under Section 3.08 or
Section 3.12, the Company shall (a) comply with Rule 13e-4 and Rule 14e-1 (or any successor to either such Rule) and any other tender offer rules, if applicable, under the Exchange Act, (b) file the related Schedule TO
(or any successor or similar schedule, form or report) if required under the Exchange Act, and (c) otherwise comply with all federal and state securities laws in connection with such offer to purchase or purchase of Securities, all so as to
permit the rights of the Holders and obligations of the Company under Sections 3.08 through 3.12 to be exercised in the time and in the manner specified therein. To the extent that compliance with any such laws, rules and regulations would
result in a conflict with any of the terms hereof, this Indenture is hereby modified to the extent required for the Company to comply with such laws, rules and regulations, and the Company shall give prompt written notice to the Trustee of such
modifications. 
 Section 3.15 Purchase Of Securities In Open Market. 

The Company (a) shall, in accordance with Section 2.11, surrender any Security purchased by the Company pursuant to this
Article III to the Trustee for cancellation. Any securities surrendered to the Trustee for cancellation may not be reissued or resold by the Company and will be canceled promptly in accordance with Section 2.11. The Company may repurchase
Securities in open market and negotiated transactions. 
 ARTICLE IV 

CONVERSION 

Section 4.01 Conversion Privilege And Conversion Rate. 

(a) Upon compliance with the provisions of this Article IV, at the option of the Holder thereof, any Security or portion thereof
that is an integral multiple of $1,000 principal amount may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock at any time prior to the close of business on the
Business Day immediately preceding the Final Maturity Date, unless previously 

  
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redeemed by the Company or purchased by the Company at the Holder’s option, at the Conversion Rate in effect at such time, determined as hereinafter provided and subject to the adjustments
described below. Upon conversion of a Security, the Holder of such Security shall receive a number of shares of Common Stock equal to the product of (i) the number obtained by dividing the principal amount of the Security converted by $1,000
and (ii) the Conversion Rate in effect on the applicable Conversion Date; provided, however, that in lieu of any fractional share of Common Stock, the Company shall deliver an amount of cash equal to the product of (i) such
fraction of a share and (ii) the Closing Price of the Common Stock on the applicable Conversion Date (or, if the applicable Conversion Date is not a Trading Day, the Trading Day immediately preceding such Conversion Date). The Company shall
deliver the consideration due with respect to the conversion of any Security as soon as practicable after the applicable Conversion Date, but in no event later than five Business Days after the applicable Conversion Date. 

(b) The conversion rights pursuant to this Article IV shall commence on the initial issuance date of the Securities and expire at
the close of business on the Business Day immediately preceding the Final Maturity Date and shall be exercisable at any time, subject, in the case of conversion of any Global Security, to any Applicable Procedures. If a Security is called for
redemption or submitted or presented for purchase pursuant to Article III, such conversion right shall terminate at the close of business on the second Business Day immediately preceding the Redemption Date and on the Business Day immediately
preceding the Put Right Purchase Date or Fundamental Change Repurchase Date for such Security (unless the Company shall fail to make the Redemption Price, Put Right Purchase Price, or Fundamental Change Repurchase Price payment when due in
accordance with Article III, in which case the conversion right shall terminate at the close of business on the date such failure is cured and such Security is redeemed or purchased, as the case may be). Securities in respect of which a
Fundamental Change Repurchase Notice or a Put Right Purchase Notice, as the case may be, has been delivered may not be surrendered for conversion pursuant to this Article IV prior to a valid withdrawal of such Fundamental Change Repurchase
Notice or Put Right Purchase Notice, as the case may be, in accordance with the provisions of Article III. 
 (c)
Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security. 

(d) A Holder of Securities is not entitled to any rights of a holder of Common Stock until such Holder has converted its Securities into
Common Stock. 
 (e) The Conversion Rate shall be adjusted in certain instances as provided in Section 4.01(f) and
Section 4.06. 
 (f) If prior to January 15, 2015, there shall have occurred a Fundamental Change (or an event that
would have been a Change of Control but for the existence of the 105% Trading Price Exception) (a “Make-Whole Fundamental Change”), the Company shall pay a “Make Whole Premium” to the Holders of the Securities who convert
their Securities during the period beginning on the Fundamental Change Effective Date and ending at the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date by

  
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increasing the Conversion Rate for such Securities. The number of additional shares of Common Stock per $1,000 principal amount of Securities constituting the Make Whole Premium shall be
determined by the Company by reference to the table below, based on the Fundamental Change Effective Date and the Stock Price of such Fundamental Change; provided that if the Stock Price or Fundamental Change Effective Date are not set forth on the
table: (i) if the actual Stock Price on the Fundamental Change Effective Date is between two Stock Prices on the table or the actual Fundamental Change Effective Date is between two Fundamental Change Effective Dates on the table, the Make
Whole Premium will be determined by a straight-line interpolation between the Make Whole Premiums set forth for the two Stock Prices and the two Fundamental Change Effective Dates on the table based on a 365-day year, as applicable, (ii) if the
Stock Price on the Fundamental Change Effective Date exceeds $15.00 per share, subject to adjustment as set forth herein, no Make Whole Premium will be paid, and (iii) if the Stock Price on the Fundamental Change Effective Date is less than
$5.00 per share, subject to adjustment as set forth herein, no Make Whole Premium will be paid. If Holders of the Common Stock receive only cash in the Fundamental Change, the Stock Price shall be the cash amount paid per share of the Common Stock
in connection with the Fundamental Change. Otherwise, the Stock Price shall be equal to the average Closing Prices of the Common Stock for each of the 10 Trading Days immediately preceding, but not including, the applicable Fundamental Change
Effective Date. 
 Make Whole Premium Upon Make-Whole Fundamental Change 

(Increase in Applicable Conversion Rate) 
  

																							
	Stock Price
on Fundamental
Change Effective
Date	 	  	February [    ],
2011	 	  	January 15,
2012	 	  	January 15,
2013	 	  	January 15,
2014	 	  	January 15,
2015	 
	$	5.00	  	  	 	75.9650	  	  	 	73.4250	  	  	 	72.0830	  	  	 	72.9060	  	  	 	83.7040	  
	$	6.00	  	  	 	56.9800	  	  	 	53.1980	  	  	 	50.4570	  	  	 	47.9520	  	  	 	50.3710	  
	$	7.00	  	  	 	44.3770	  	  	 	39.8170	  	  	 	36.3140	  	  	 	32.3530	  	  	 	26.5610	  
	$	8.00	  	  	 	35.5970	  	  	 	30.5500	  	  	 	26.5100	  	  	 	22.2690	  	  	 	8.7040	  
	$	9.00	  	  	 	29.2490	  	  	 	23.9230	  	  	 	19.3660	  	  	 	15.4970	  	  	 	0.0000	  
	$	10.00	  	  	 	24.5250	  	  	 	19.0740	  	  	 	13.9280	  	  	 	10.7380	  	  	 	0.0000	  
	$	11.00	  	  	 	20.9240	  	  	 	15.4650	  	  	 	9.6460	  	  	 	7.2400	  	  	 	0.0000	  
	$	12.00	  	  	 	18.1230	  	  	 	12.7430	  	  	 	6.2010	  	  	 	4.5700	  	  	 	0.0000	  
	$	13.00	  	  	 	15.9060	  	  	 	10.6650	  	  	 	3.4030	  	  	 	2.4800	  	  	 	0.0000	  
	$	14.00	  	  	 	14.1240	  	  	 	9.0620	  	  	 	1.1370	  	  	 	0.8260	  	  	 	0.0000	  
	$	15.00	  	  	 	12.6670	  	  	 	7.8090	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  

 The Stock Prices set
forth in the first column of the table above will be adjusted as of any date on which the Conversion Rate of the Securities is adjusted. The adjusted Stock Prices will 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 set forth
in the table above will be adjusted in the same manner as the Conversion Rate as set forth in Section 4.06 hereof, other than as a result of an adjustment of the Conversion Rate by adding the Make Whole Premium as described above. 

  
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 Notwithstanding the foregoing paragraph, in no event will the total number of shares of
Common Stock issuable upon conversion of a Security exceed 116.2790 per $1,000 principal amount, other than on account of proportional adjustments to the Conversion Rate in the manner set forth in clauses (1) and (2) of
Section 4.06(a) hereof, unless the Company obtains shareholder approval of the increase in the Conversion Rate; provided, however, that the Company shall not undertake a Make-Whole Fundamental Change without first obtaining
shareholder approval for the increase in the applicable Conversion Rate provided for in the table above. 
 The additional
shares of Common Stock delivered to satisfy the Company’s obligations to Holders that convert their Securities in connection with a Make-Whole Fundamental Change and cash in lieu of fractional shares will be delivered by the Company upon the
later of the settlement date for the conversion and promptly following the Fundamental Change Effective Date or the effective date of such other event. 
 Promptly upon the occurrence of any Make-Whole Fundamental Change, the Company shall deliver notice to each Holder and the Trustee, which notice will state that a Make-Whole Fundamental Change has
occurred and include the Make-Whole Premium, if any. Simultaneously with delivering such notice, the Company shall publish the information contained in such notice on its website. 

(g) By delivering the number of shares of Common Stock issuable on conversion and cash in lieu of fractional shares to the Trustee, the
Company will be deemed to have satisfied its obligation to pay the principal amount of the Securities so converted and, except as otherwise provided in Section 4.02(c), its obligation to pay accrued and unpaid interest attributable to the
period from the most recent Interest Payment Date through the Conversion Date (which amount will be deemed paid in full rather than cancelled, extinguished or forfeited). 
 Section 4.02 Conversion Procedure. 
 (a) To convert a Security, a
Holder must (1) complete and manually sign the conversion notice on the back of the Security and deliver such notice to a Conversion Agent, (2) surrender the Security to a Conversion Agent, (3) furnish appropriate endorsements and
transfer documents if required by a Registrar or a Conversion Agent, (4) pay all transfer or similar taxes, if required pursuant to Section 4.04, and (5) pay funds equal to the interest payable on the Interest Payment Date immediately
following the Conversion Date, if required pursuant to Section 4.02(c). The date on which the Holder satisfies all of those requirements is the “Conversion Date.” Upon the conversion of a Security, the Company will deliver the shares
of Common Stock and cash in lieu of fractional shares as promptly as practicable after the Conversion Date, but in no event later than five Business Days after the Conversion Date. Anything herein to the contrary notwithstanding, in the case of
Global Securities, conversion notices may be delivered and such Securities may be surrendered for conversion in accordance with the Applicable Procedures as in effect from time to time. 

(b) The person in whose name the shares of Common Stock are issuable upon conversion shall be deemed to be a holder of record of such
Common Stock on the close of business on the Conversion Date; provided, however, that no surrender of a Security on any 

  
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Conversion Date when the stock transfer books of the Company shall be closed shall be effective to constitute the person or persons entitled to receive the shares of Common Stock upon conversion
as the record holder or holders of such shares of Common Stock on such date, but such surrender shall be effective to constitute the person or persons entitled to receive such shares of Common Stock as the record holder or holders thereof for all
purposes at the close of business on the next succeeding day on which such stock transfer books are open; provided further that such conversion shall be at the applicable Conversion Rate as if the stock transfer books of the Company had not been
closed. Upon conversion of a Security, such person shall no longer be a Holder of such Security. Except as set forth in this Indenture, no payment or adjustment will be made for dividends or distributions declared or made on shares of Common Stock
issued upon conversion of a Security prior to the issuance of such shares. 
 (c) Holders of Securities surrendered for
conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date will receive the semi-annual interest payable on such Securities on the
corresponding Interest Payment Date notwithstanding the conversion. Upon surrender of any such Securities for conversion, such Securities shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest
payable on such corresponding Interest Payment Date, except to the extent of any overdue interest that is due at the time of conversion, unless (i) such Securities are converted after the close of business on the Regular Record Date immediately
preceding the Stated Maturity Date, (ii) the Company has specified a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date and the Holder surrenders the Securities for conversion after the close of
business on such Regular Record Date and on or prior to the close of business on the second Business Day prior to such Redemption Date or (iii) if the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record
Date and on or prior to such Interest Payment Date and the Holder surrenders the Securities for conversion after the close of business on such Regular Record Date and prior to the open of business on such Fundamental Change Repurchase Date, in which
cases no such payment will be required. Except as otherwise provided in this Section 4.02(c), no payment or adjustment will be made for accrued interest on a converted Security. 

(d) Subject to Section 4.02(c), nothing in this Section shall affect the right of a Holder in whose name any Security is
registered at the close of business on a Regular Record Date to receive the interest payable on such Security on the related Interest Payment Date in accordance with the terms of this Indenture and the Securities. If a Holder converts more than one
Security at the same time, the number of shares of Common Stock issuable upon the conversion (and the amount of any cash in lieu of fractional shares pursuant to Section 4.03) shall be based on the aggregate principal amount of all Securities
so converted. 
 (e) In the case of any Security which is converted in part only, upon such conversion the Company shall execute
and the Trustee shall authenticate and deliver to the Holder thereof, without service charge, a new Security or Securities of authorized denominations in an aggregate principal amount equal to, and in exchange for, the unconverted portion of the
principal amount of such Security. A Security may be converted in part, but only if the principal amount of such part is an integral multiple of $1,000 and the principal amount of such Security to remain outstanding after such conversion is equal to
$1,000 or any integral multiple of $1,000 in excess thereof. 

  
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 Section 4.03 Fractional Shares. 

The Company will not issue fractional shares of Common Stock upon conversion of Securities. If more than one Security shall be
surrendered for conversion at one time by the same Holder, the number of full shares that shall be issuable upon conversion shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the
extent permitted hereby) so surrendered. In lieu of any fractional shares, the Company will pay an amount in cash equal to the product of (i) such fraction of a share and (ii) the Closing Price of the Common Stock on the applicable
Conversion Date (or, if the applicable Conversion Date is not a Trading Day, the Trading Day immediately preceding such Conversion Date). 
 Section 4.04 Taxes On Conversion. 
 If a Holder converts a Security,
the Holder shall pay any transfer, stamp or similar taxes or duties related to the issue or delivery of shares of Common Stock upon such conversion. The Holder shall also pay any such tax with respect to cash received in lieu of fractional shares.
In addition, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificate representing the Common Stock
being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the Holder’s name. Nothing herein shall
preclude any tax withholding required by law or regulation. 
 Section 4.05 Company To Provide Stock. 

(a) The Company shall, prior to issuance of any Securities hereunder, and from time to time as may be necessary, reserve, out of its
authorized but unissued Common Stock, a sufficient number of shares of Common Stock to permit the conversion of all outstanding Securities into shares of Common Stock. 
 (b) All shares of Common Stock delivered upon conversion of the Securities shall be newly issued shares, shall be duly authorized, validly issued, fully paid and nonassessable and shall be free from
preemptive or similar rights and free of any lien or adverse claim as the result of any action by the Company. 
 (c) The
Company will endeavor promptly to comply with all federal and state securities laws regulating the offer and delivery of shares of Common Stock upon conversion of Securities. 

  
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 Section 4.06 Adjustment Of Conversion Rate. 

(a) The Conversion Rate shall be adjusted from time to time by the Company as follows: 

(1) If the Company shall pay a dividend or make a distribution to all holders of outstanding Common Stock in shares of
Common Stock, the Conversion Rate in effect immediately prior to the record date for the determination of shareholders entitled to receive such dividend or other distribution shall be increased so that the same shall equal the rate determined by
multiplying the Conversion Rate in effect immediately prior to such record date by a fraction of which the numerator of shall be the sum of the number of shares of Common Stock outstanding at the close of business on such record date plus the total
number of shares of Common Stock constituting such dividend or other distribution and of which the denominator shall be the number of shares of Common Stock outstanding at the close of business on such record date. Such adjustment shall be made
successively whenever any such dividend or distribution is made and shall become effective immediately after such record date. For the purpose of this clause (1), the number of shares of Common Stock at any time outstanding shall not include
shares held in the treasury of the Company. The Company will not pay any dividend or make any distribution on Common Stock held in the treasury of the Company. If any dividend or distribution of the type described in this clause 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. 

(2) If the Company shall subdivide its outstanding Common Stock into a greater number of shares, or combine its
outstanding Common Stock into a smaller number of shares, the Conversion Rate in effect immediately prior to the day upon which such subdivision or combination becomes effective shall be, in the case of a subdivision of Common Stock, proportionately
increased and, in the case of a combination of Common Stock, proportionately reduced. Such adjustment shall be made successively whenever any such subdivision or combination of the Common Stock occurs and shall become effective immediately after the
date upon which such subdivision or combination becomes effective. 
 (3) If the Company shall issue rights or
warrants to all holders of its outstanding Common Stock entitling them (for a period expiring within 45 days after such issuance) to subscribe for or purchase shares of Common Stock (or securities convertible into Common Stock) at a price per share
(or having a conversion price per share) less than the Current Market Price per share of Common Stock (as determined in accordance with clause (9) of this Section 4.06(a)) on the record date for the determination of shareholders entitled
to receive such rights or warrants, the Conversion Rate in effect immediately prior thereto shall be adjusted so that the same shall equal the rate determined by 

  
 -35-

 
multiplying the Conversion Rate in effect immediately prior to such record date by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of
business on such record date plus the number of additional shares of Common Stock that such rights or warrants entitle holders thereof to subscribe for or purchase (or into which such convertible securities are convertible) and of which the
denominator shall be the number of shares of Common Stock outstanding at the close of business on such record date plus the number of shares which the aggregate offering price of the total number of shares of Common Stock so offered for subscription
or purchase (or the aggregate conversion price of the convertible securities so offered for subscription or purchase, which shall be determined by multiplying the number of shares of Common Stock issuable upon conversion of such convertible
securities by the conversion price per share of Common Stock pursuant to the terms of such convertible securities) would purchase at the Current Market Price per share of Common Stock on such record date. Such adjustment shall be made successively
whenever any such rights or warrants (or convertible securities) are issued, and shall become effective immediately after such record date. To the extent that shares of Common Stock (or securities convertible into 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 (or securities convertible into Common Stock) actually delivered. If 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 the record date for the determination of shareholders entitled to receive such rights or warrants had not been fixed. In determining whether any rights or warrants entitle the shareholders to subscribe for or purchase shares of Common
Stock at a price less than the Current Market Price per share of Common Stock and in determining the aggregate offering price of the total number of shares of Common Stock so offered, 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. 

(4) If the Company shall make a dividend or other distribution to all holders of its Common Stock of Capital Stock, other
than Common Stock, or evidences of indebtedness or other assets of the Company (excluding (x) any issuance of rights or warrants for which an adjustment was made pursuant to Section 4.06(a)(3), (y) dividends or distributions in
connection with a reclassification, change, consolidation, merger, combination, liquidation, dissolution, winding up, sale or conveyance resulting in a change in the conversion consideration, or pursuant to any shareholder rights plan or
(z) any dividend or distribution paid exclusively in cash for which an adjustment was made pursuant to Section 4.06(a)(6)) (the “Distributed Securities”), then in each such case (unless the Company distributes such Distributed
Securities for distribution to the Holders of Securities on such dividend or distribution date as if 

  
 -36-

 
each Holder had converted such Security into Common Stock immediately prior to the record date with respect to such distribution) the Conversion Rate in effect immediately prior to the record
date fixed for the determination of shareholders entitled to receive such dividend or distribution shall be adjusted so that the same shall equal the rate determined by multiplying the Conversion Rate in effect immediately prior to such record date
by a fraction of which the numerator shall be the Current Market Price per share of the Common Stock on such record date and of which the denominator shall be Current Market Price per share on such record date less the fair market value (as
determined in good faith by the Board of Directors, whose determination shall be conclusive evidence of such fair market value and which shall be evidenced by an Officers’ Certificate delivered to the Trustee) on such record date of the portion
of the Distributed Securities so distributed applicable to one share of Common Stock (determined on the basis of the number of shares of Common Stock outstanding at the close of business on such record date). Such adjustment shall be made
successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of shareholders entitled to receive such distribution. 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. 

If the fair market value (as so determined) of the portion of the Distributed Securities so distributed applicable to one
share of Common Stock is equal to or greater than the Current Market Price per share of the Common Stock on such record date, in lieu of the foregoing adjustment, adequate provision shall be made so that each holder of a Security shall have the
right to receive upon conversion the amount of Distributed Securities so distributed that such Holder would have received had such Holder converted each Security on such record date. If the Board of Directors determines the fair market value of any
distribution for purposes of this Section 4.06(a)(4) 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 the foregoing, if the securities distributed by the Company to all
holders of its Common Stock consist of Capital Stock of, or similar equity interests in, a Subsidiary or other business unit of the Company (the “Spinoff Securities”), the Conversion Rate shall be adjusted, unless the Company makes an
equivalent distribution to the Holders of the Securities, so that the same shall be equal to the rate determined by multiplying the applicable Conversion Rate in effect on and after the record date fixed for the determination of shareholders
entitled to receive such distribution by a fraction, the numerator of which shall be the sum of (A) the average Closing Price of one share of Common Stock over the ten consecutive Trading Day period (the “Spinoff Valuation Period”)
commencing on and including the fifth Trading Day after the date on which ex-dividend trading commences for such distribution on the NASDAQ 

  
 -37-

 
Global Select Market or such other U.S. national or regional exchange or market on which the Common Stock is then listed or quoted and (B) the average of the Closing Prices over the Spinoff
Valuation Period of the Spinoff Securities multiplied by the number of Spinoff Securities distributed in respect of one share of Common Stock and the denominator of which shall be the average Closing Price of one share of Common Stock over the
Spinoff Valuation Period, such adjustment to become effective immediately prior to the opening of business on the fifteenth Trading Day after the date on which ex-dividend trading commences; provided, however, that the Company may in
lieu of the foregoing adjustment elect to make adequate provision so that each Holder of Securities shall have the right to receive upon conversion thereof the amount of such Spinoff Securities that such Holder of Securities would have received if
such Securities had been converted on the record date with respect to such distribution. 
 (5) With respect to
any rights, rights certificates or warrants (the “Rights”) that may be issued or distributed pursuant to any rights plan (including any rights plan that the Company implements after the date of this Indenture, a “Rights Plan”),
in lieu of any adjustment required by any other provision of this Section 4.06, upon conversion of the Securities into Common Stock, to the extent that such Rights Plan is in effect upon such conversion, the Holders of Securities will receive,
with respect to the shares of Common Stock issued upon conversion, the Rights described therein (whether or not the Rights have separated from the Common Stock at the time of conversion), subject to the limitations set forth in and in accordance
with any such Rights Plan; provided that if, at the time of conversion, however, the Rights have separated from the shares of Common Stock in accordance with the provisions of the Rights Plan so that Holders would not be entitled to receive any
rights in respect of the shares of Common Stock issuable upon conversion of the Securities as a result of the timing of the Conversion Date, the Conversion Rate will be adjusted as if the Company distributed to all holders of Common Stock
Distributed Securities as provided in the first paragraph of clause (4) of this Section 4.06(a), subject to appropriate readjustment in the event of the expiration, termination, repurchase or redemption of the Rights. Any distribution of
rights, rights certificates or warrants pursuant to a Rights Plan complying with the requirements set forth in the immediately preceding sentence of this paragraph shall not constitute a distribution of rights, rights certificates or warrants
pursuant to this Section 4.06(a). Other than as specified in this clause (5) of this Section 4.06(a), there will not be any adjustment to the Conversion Rate as the result of the issuance of any Rights, the distribution of separate
certificates representing such Rights, the exercise or redemption of such Rights in accordance with any Rights Plan or the termination or invalidation of any Rights. 

(6) If the Company shall, by dividend or otherwise, at any time distribute (a “Triggering Distribution”) to all
holders of its Common Stock a payment consisting exclusively of cash (excluding any dividend or distribution in connection with the liquidation, dissolution or winding up of the Company, 

  
 -38-

 
whether voluntary or involuntary) the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying such Conversion Rate in effect immediately prior to the
close of business on the record date for such Triggering Distribution (a “Determination Date”) by a fraction of which the numerator shall be such Current Market Price per share of the Common Stock on the Determination Date and the
denominator of which shall be the Current Market Price per share of the Common Stock on the Determination Date less the amount of such cash dividend or distribution applicable to one share of Common Stock (determined on the basis of the number of
shares of Common Stock outstanding at the close of business on the Determination Date), such increase to become effective immediately prior to the opening of business on the day following the date on which the Triggering Distribution is paid. If the
amount of cash dividend or distribution applicable to one share of Common Stock is equal to or greater than the Current Market Price per share of the Common Stock on the Determination Date, in lieu of the foregoing adjustment, adequate provision
shall be made so that each Holder of a Security shall have the right to receive upon conversion the amount of cash so distributed that such Holder would have received had such Holder converted each Security on such Determination 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 divided or distribution had not been declared. 

(7) If any tender offer made by the Company or any of its Subsidiaries for all or any portion of Common Stock shall
expire, then, if the tender offer shall require the payment to shareholders of consideration per share of Common Stock having a fair market value (determined as provided below) that exceeds the average of the Closing Price per share of Common Stock
on the Trading Day next succeeding the last date (the “Expiration Date”) tenders could have been made pursuant to such tender offer (as it may be amended) (the last time at which such tenders could have been made on the Expiration Date is
hereinafter sometimes called 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 close of business on the
Expiration Date by a fraction of which the numerator shall be the sum of (A) the fair market value of the aggregate consideration (the fair market value as determined in good faith by the Board of Directors, whose determination shall be
conclusive evidence of such fair market value and which shall be evidenced by an Officers’ Certificate delivered to the Trustee) payable to shareholders based on the acceptance (up to any maximum specified in the terms of the tender offer) of
all shares validly tendered 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 (B) the product of the number of shares of Common Stock
outstanding (less any Purchased Shares and excluding any shares held in the treasury of the Company) at the Expiration Time and the Closing Price per share of Common Stock on the Trading Day next succeeding the Expiration Date and the denominator of
which shall be the product of the number of shares of Common Stock outstanding (including Purchased 

  
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Shares but excluding any shares held in the treasury of the Company) at the Expiration Time multiplied by the Closing Price per share of the Common Stock on the Trading Day next succeeding the
Expiration Date, such increase to become effective immediately prior to the opening of business on the day following the Expiration Date. In the event that the Company is obligated to purchase shares pursuant to any such tender offer, but the
Company is permanently prevented by applicable law from effecting any or all such purchases or any or all such purchases are rescinded, the Conversion Rate shall again be adjusted to be the Conversion Rate which would have been in effect based upon
the number of shares actually purchased, if any. If the application of this clause (7) of Section 4.06(a) to any tender offer would result in a decrease in the Conversion Rate, no adjustment shall be made for such tender offer under this
clause (7). 
 (8) For purposes of this Section 4.06, the term “tender offer” shall mean and
include both tender offers and exchange offers, all references to “purchases” of shares in tender offers (and all similar references) shall mean and include both the purchase of shares in tender offers and the acquisition of shares
pursuant to exchange offers, and all references to “tendered shares” (and all similar references) shall mean and include shares tendered in both tender offers and exchange offers. 

(9) For purposes of any computation under this Section 4.06, “Current Market Price” shall mean the average
of the daily Closing Prices per share of Common Stock for each of the ten consecutive Trading Days immediately prior to the date in question; provided, however, that if 

(A) the “ex” date (as hereinafter defined) for any event (other than the issuance or distribution requiring
such computation) that requires an adjustment to the Conversion Rate pursuant to Section 4.06(a) (1), (2), (3), (4), (5), (6) or (7) occurs during such ten consecutive Trading Days, the Closing Price for each Trading Day prior to the
“ex” date for such other event shall be adjusted by dividing such Closing Price by the same fraction by which the Conversion Rate is so required to be adjusted as a result of such other event; 

(B) the “ex” date for any event (other than the issuance or distribution requiring such computation) that
requires an adjustment to the Conversion Rate pursuant to Section 4.06(a) (1), (2), (3), (4), (5), (6) or (7) occurs on or after the “ex” date for the issuance or distribution requiring such computation and prior to the day
in question, the Closing Price for each Trading Day on and after the “ex” date for such other event shall be adjusted by dividing such Closing Price by the reciprocal of the fraction by which the Conversion Rate is so required to be
adjusted as a result of such other event; and 

  
 -40-

 (C) the “ex” date for the issuance or distribution requiring such
computation is prior to the day in question, after taking into account any adjustment required pursuant to the immediately preceding clause (A) or (B) of this Section 4.06(a)(9), the Closing Price for each Trading Day on or after such
“ex” date shall be adjusted by adding thereto the amount of any cash and the fair market value (as determined in good faith by the Board of Directors in a manner consistent with any determination of such value for purposes of
Section 4.06(a)(4) or (7), whose determination shall be conclusive and set forth in a Board Resolution) of the evidences of indebtedness, shares of capital stock or assets being distributed applicable to one share of Common Stock as of the
close of business on the day before such “ex” date. 
 For purposes of any computation under Section 4.06(a)(7),
if the “ex” date for any event (other than the tender offer that is the subject of the adjustment pursuant to Section 4.06(a)(7)) that requires an adjustment to the Conversion Rate pursuant to Section 4.06(a)(1), (2), (3), (4),
(5) or (6) occurs on the date of the Expiration Time for the tender or exchange offer requiring such computation or on the Trading Day next following the Expiration Time, the Closing Price for each Trading Day on and after the
“ex” date for such other event shall be adjusted by dividing such Closing Price by the reciprocal of the fraction by which the Conversion Rate is so required to be adjusted as a result of such other event. For purposes of this
Section 4.09(a) the term “ex” date, when used: 
 (A) with respect to any issuance or
distribution, means the first date on which the Common Stock trades regular way on the relevant exchange or in the relevant market from which the Closing Price was obtained without the right to receive such issuance or distribution; 

(B) with respect to any subdivision or combination of shares of Common Stock, means the first date on which the Common
Stock trades regular way on such exchange or in such market after the time at which such subdivision or combination becomes effective, and 
 (C) with respect to any tender or exchange offer, means the first date on which the Common Stock trades regular way on such exchange or in such market after the Expiration Time of such offer. 

Notwithstanding the foregoing, whenever successive adjustments to the Conversion Rate are called for pursuant to this Section 4.06,
such adjustments shall be made to the Current Market Price as may be necessary or appropriate to effectuate the intent of this Section 4.06 and to avoid unjust or inequitable results as determined in good faith by the Board of Directors.

 (b) In any case in which this Section 4.06 shall require that an adjustment be made following a record date, a
Determination Date or Expiration Date, as the case may be, 

  
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established for the purposes specified in this Section 4.06, the Company may elect to defer (but only until five Business Days following the filing by the Company with the Trustee of the
certificate described in Section 4.08) issuing to the Holder of any Security converted after such record date, Determination Date or Expiration Date the shares of Common Stock and other Capital Stock of the Company issuable upon such conversion
over and above the shares of Common Stock and other Capital Stock of the Company (or other cash, property or securities, as applicable) issuable upon such conversion only on the basis of the Conversion Rate prior to adjustment; and, in lieu of any
cash, property or securities the issuance of which is so deferred, the Company shall issue or cause its transfer agents to issue due bills or other appropriate evidence prepared by the Company of the right to receive such cash, property or
securities. If any distribution in respect of which an adjustment to the Conversion Rate is required to be made as of the record date, Determination Date or Expiration Date therefore is not thereafter made or paid by the Company for any reason, the
Conversion Rate shall be readjusted to the Conversion Rate which would then be in effect if such record date had not been fixed or such record date, Determination Date or Expiration Date had not occurred. 

(c) For purposes of this Section 4.06, “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 or converted into any combination of cash, securities
or other property, the date fixed for determination of shareholders entitled to receive such cash, security or other property (whether or not such date is fixed by the Board of Directors or by statute, contract or otherwise). 

(d) If one or more event occurs requiring an adjustment be made to the Conversion Rate for a particular period, adjustments to the
Conversion Rate shall be determined by the Company’s Board of Directors to reflect the combined impact of such Conversion Rate adjustment events, as set out in this Section 4.06, during such period. 

Section 4.07 No Adjustment 
 (a) No adjustment in the Conversion Rate shall be required if Holders may participate in the transactions set forth in Section 4.06 above (to the same extent as if the Securities had been converted
into Common Stock immediately prior to such transactions) without converting the Securities held by such Holders. 
 (b) No
adjustment in the Conversion Rate shall be required unless such adjustment would require an increase or decrease of at least 1% in the Conversion Rate as last adjusted; provided, however, that any adjustments which would be required to
be made but for this Section 4.07(b) shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article IV 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 0.00005 of a share, respectively, being rounded upward. 

  
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 (c) No adjustment in the Conversion Rate shall be required for issuances of Common Stock
pursuant to a Company plan for reinvestment of dividends or interest or for a change in the par value or a change to no par value of the Common Stock. 
 (d) To the extent that the Securities become convertible into the right to receive cash, no adjustment need be made thereafter as to the cash. 

(e) Notwithstanding anything to the contrary provided in Section 4.06, in no event shall the Conversion Rate as adjusted in
accordance with Section 4.06 exceed 116.2790 per $1,000 principal amount, other than on account of proportional adjustments to the Conversion Rate in the manner set forth in clauses (1) and (2) of Section 4.06(a), unless the
Company obtains shareholder approval of the increase in the Conversion Rate; provided, however, that the Company shall not undertake any action described in clauses (3), (4), (5), (6) or (7) of Section 4.06(a) above
without first obtaining shareholder approval for the increase in the applicable Conversion Rate that would otherwise be required as a result of such action. 
 Section 4.08 Notice of Adjustment. 
 Whenever the Conversion Rate is
required to be adjusted pursuant to this Indenture, the Company shall promptly mail to Holders a notice of the adjustment and file with the Trustee an Officers’ Certificate briefly stating the facts requiring the adjustment and the manner of
computing it. Failure to mail such notice or any defect therein shall not affect the validity of any such adjustment. Unless and until the Trustee shall receive an Officers’ Certificate setting forth an adjustment of the Conversion Rate, the
Trustee may assume without inquiry that the Conversion Rate has not been adjusted and that the last Conversion Rate of which it has knowledge remains in effect. 
 Section 4.09 Notice of Certain Transactions. 
 In the event that there
is a dissolution or liquidation of the Company, the Company shall mail to Holders and file with the Trustee a notice stating the proposed effective date. The Company shall mail such notice at least 10 days before such proposed effective date.
Failure to mail such notice or any defect therein shall not affect the validity of any transaction referred to in this Section 4.09. 
 Section 4.10 Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale. 
 If any of following events occur (each, a “Business Combination”): 
 (1) any recapitalization, reclassification or change of the Common Stock, other than changes resulting from a subdivision or a combination, 

(2) a consolidation, merger or combination involving the Company, 

  
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 (3) a sale, conveyance or lease to another corporation of all or
substantially all of the property and assets of the Company, other than one or more of the Company’s subsidiaries, or 
 (4) any statutory share exchange, 
 in each case as a result of which holders of Common Stock are
entitled to receive stock, other securities, other property or assets (including cash or any combination thereof) with respect to or in exchange for Common Stock, the Company or the successor or purchasing corporation, as the case may be, shall
execute with the Trustee a supplemental indenture (which shall comply with the TIA as in force at the date of execution of such supplemental indenture if such supplemental indenture is then required to so comply) providing that the Holders of the
Securities then outstanding will be entitled thereafter to convert such Securities into the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination thereof) which they would have owned or
been entitled to receive upon such Business Combination had such Securities been converted into Common Stock immediately prior to such Business Combination, except that such Holders will not receive the Make Whole Premium if such Holder does not
convert its Securities “in connection with” the relevant Make-Whole Fundamental Change. A conversion of the Securities by a Holder will be deemed for these purposes to be “in connection with” a Make-Whole Fundamental Change if
the notice of such conversion is provided in compliance with Section 4.02(a) to the Conversion Agent on or subsequent to the Fundamental Change Effective Date but before the close of business on the Business Day immediately preceding the
related Fundamental Change Repurchase Date. In the event holders of Common Stock have the opportunity to elect the form of consideration to be received in such Business Combination, the Company shall make adequate provision whereby the Holders of
the Securities shall have a reasonable opportunity to determine the form of consideration into which all of the Securities, treated as a single class, shall be convertible from and after the effective date of such Business Combination. Such
determination shall be (i) based on the weighted average of elections made by Holders of the Securities who participate in such determination, (ii) subject to any limitations to which all of the holders of the Common Stock are subject,
such as pro-rata reductions applicable to any portion of the consideration payable in such Business Combination and (iii) conducted in such a manner as to be completed by the date which is the earliest of (a) the deadline for elections to
be made by shareholders of the Company, and (b) two Trading Days prior to the anticipated effective date of the Business Combination. The Company shall provide notice of the opportunity to determine the form of such consideration, as well as
notice of the determination made by Holders of the Securities (and the weighted average of elections), by posting such notice with DTC and providing a copy of such notice to the Trustee. In the event the effective date of the Business Combination is
delayed beyond the initially anticipated effective date, Holders of the Securities shall be given the opportunity to make subsequent similar determinations in regard to such delayed effective date. The Company may not become a party to any such
transaction unless its terms are consistent with this Section 4.10. 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 IV. If,
in the case of any such Business Combination, the stock or other securities and assets receivable thereupon by a holder of shares 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 

  
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Business Combination, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional provisions to protect the interests of the Holders of the
Securities as the Board of Directors shall reasonably consider necessary by reason of the foregoing, including to the extent practicable the provisions providing for the repurchase rights set forth in Article III hereof. Notwithstanding
anything contained in this Section, and for the avoidance of doubt, this Section shall not affect the right of a Holder to convert its Securities into shares of Common Stock prior to the effective date of the Business Combination. 

Section 4.11 Trustee’s Disclaimer. 
 (a) The Trustee shall have no duty to determine when an adjustment under this Article IV should be made, how it should be made or what such adjustment should be, but may accept as conclusive evidence
of that fact or the correctness of any such adjustment, and shall be protected in relying upon, an Officers’ Certificate and Opinion of Counsel, including the Officers’ Certificate with respect thereto which the Company is obligated to
file with the Trustee pursuant to Section 4.08. The Trustee makes no representation as to the validity or value of any securities or assets issued upon conversion of Securities, and the Trustee shall not be responsible for the Company’s
failure to comply with any provisions of this Article IV. 
 (b) The Trustee shall not be under any responsibility to
determine the correctness of any provisions contained in any supplemental indenture executed pursuant to Section 4.10, but may accept as conclusive evidence of the correctness thereof, and shall be fully protected in relying upon, the
Officers’ Certificate and Opinion of Counsel, with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 11.04. 
 Section 4.12 Voluntary Increase. 
 The Company from time to time may
increase the Conversion Rate, to the extent permitted by law, by any amount for any period of time if the period is at least 20 Business Days, and the Company provides 15 days’ prior written notice to any increase in the Conversion Rate to the
Trustee and Holders. The Company may also make such an increase to the Conversion Rate as the Board of Directors determines would avoid or diminish income tax to holders of shares of Common Stock in connection with a dividend or distribution of
stock (or rights to acquire stock) or from any event treated as such for income tax purposes. 
 Notwithstanding the foregoing
paragraph, in no event will the total number of shares of Common Stock issuable upon conversion of a Security exceed 116.2790 per $1,000 principal amount, subject to proportional adjustment in the same manner as the Conversion Rate as set forth
in clauses (1) and (2) of Section 4.06(a) hereof. 

  
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 ARTICLE V 
 COVENANTS 
 Section 5.01 Payment Of Securities. 

(a) The Company shall promptly make all payments in respect of the Securities on the dates and in the manner provided in the Securities
and this Indenture. A payment of principal or interest shall be considered paid on the date it is due if the Paying Agent (other than the Company) holds by 12:00 p.m. (noon), New York City time, on that date money, deposited by or on behalf of
the Company sufficient to make the payment. Subject to Section 4.02, accrued and unpaid interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose
name that Security is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose. Principal, Redemption Price, Put Right Purchase Price, Fundamental Change
Repurchase Price, and interest, in each case if payable, shall be considered paid on the applicable date due if on such date (or, in the case of Put Right Purchase Price or Fundamental Change Repurchase Price, on the Business Day following the
applicable Put Right Purchase Date or Fundamental Change Repurchase Date, as the case may be) the Trustee or the Paying Agent holds, in accordance with this Indenture, money sufficient to pay all such amounts then due. 

(b) Payment of the principal of and interest, if any, on the Securities shall be made at the office or agency of the Company maintained
for that purpose at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the
option of the Company payment of interest may be made through the Paying Agent by check mailed to the address of the Person entitled thereto as such address appears in the Register; provided further that a Holder with an aggregate principal amount
in excess of $2,000,000 will be paid by wire transfer in immediately available funds at the election of such Holder if such Holder has provided wire transfer instructions to the Trustee at least 10 Business Days prior to the payment date. Any wire
transfer instructions received by the Trustee will remain in effect until revoked by the Holder. 
 Section 5.02 SEC and
Other Reports. 
 (a) The Company shall file all reports and other information and documents which it is required to file
with the SEC pursuant to Section 13 or 15(d) of the Exchange Act, and within 15 days after it files them with the SEC, the Company shall file copies of all such reports, information and other documents with the Trustee; provided that any such
reports, information and documents filed with the SEC pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system shall be deemed to be filed with the Trustee. The Company also shall comply with the provisions of TIA
Section 314(a). 
 (b) 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 

  
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notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates). 
 Section 5.03 Compliance Certificates.

 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 September 25, 2011), an Officers’ Certificate as to the signer’s knowledge of the Company’s compliance with all conditions and covenants on its part contained in this Indenture and stating whether or not
the signer knows of any Default or Event of Default. If such signer knows of such a Default or Event of Default, the Officers’ Certificate shall describe the Default or Event of Default and the efforts to remedy the same. For the purposes of
this Section 5.03, compliance shall be determined without regard to any grace period or requirement of notice provided pursuant to the terms of this Indenture. 
 Section 5.04 Further Instruments And Acts. 
 Upon request of the
Trustee, the Company will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture. 

Section 5.05 Maintenance Of Corporate Existence. 
 Subject to Article VI, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 

Section 5.06 Stay, Extension And Usury Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay,
extension or usury law or other law which would prohibit or forgive the Company from paying all or any portion of the principal of or accrued but unpaid interest, if any, on the Securities as contemplated herein, wherever enacted, now or at any time
hereafter in force, or which may affect the covenants or the performance of this Indenture, and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by
resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 5.07 Maintenance of Office or Agency. 
 The Company will maintain an office or agency of the Trustee, Registrar and Paying Agent where securities may be presented or surrendered for payment, where Securities may be surrendered for registration
of transfer, purchase or redemption and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Corporate Trust Office shall initially be one 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 

  
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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 11.02. 

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. 
 ARTICLE VI 
 CONSOLIDATION; MERGER; CONVEYANCE; TRANSFER OR LEASE 
 Section 6.01
Company May Consolidate, Etc., Only On Certain Terms. 
 The Company may not consolidate with or merge into any
Person or convey, transfer or lease the property and assets, substantially as an entirety, of the Company to another Person, other than to one or more of the Company’s wholly-owned subsidiaries, unless: 

(1) the Person (if other than the Company) formed by such consolidation or into which the Company is merged, or the Person
which acquires by conveyance, transfer or lease all or substantially all of the properties and assets of the Company, shall (i) be a corporation organized and existing under the laws of the United States of America or any State thereof or the
District of Columbia and (ii) such Person (if other than the Company) expressly assumes, by an indenture supplemental hereto, executed and delivered to the Trustee, the obligations of the Company under the Securities and this Indenture and the
performance or observance of every covenant and provision of this Indenture and the Securities required on the part of the Company to be performed or observed and the conversion rights shall be provided for in accordance with Article IV, by
supplemental indenture executed and delivered to the Trustee, by the Person (if other than the Company) formed by such consolidation or into which the Company shall have been merged or by the Person which shall have acquired the Company’s
assets; 
 (2) after giving effect to such transaction, no Event of Default, and no event which, after notice or
lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and 
 (3) if the
Company will not be the resulting or surviving corporation, the Company shall have, at or prior to the effective date of such consolidation, merger or transfer, delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that such consolidation, merger or transfer complies with this Article VI and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture complies with this Article VI, and that all
conditions precedent herein provided for relating to such transaction have been complied with. 

  
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 Section 6.02 Successor Substituted. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease
substantially as an entirety, of the properties and assets of the Company and its Subsidiaries, taken as a whole, in accordance with Section 6.01, the successor Person formed by such consolidation or into which the Company is merged or 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 Person had been named as the Company herein,
and thereafter, except in the case of a lease, and except for obligations the predecessor Person may have under a supplemental indenture, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the
Securities. 
 ARTICLE VII 
 DEFAULT AND REMEDIES 
 Section 7.01 Events Of Default. 

(a) An “Event of Default” shall occur if: 

(1) the Company shall fail to pay when due the Principal or any Redemption Price, Put Right Purchase Price or Fundamental
Change Repurchase Price of any Security, when the same becomes due and payable whether at the Final Maturity Date, upon redemption, repurchase, acceleration or otherwise; or 

(2) the Company shall fail to pay an installment of cash interest on any of the Securities, which failure continues for 30
days after the date when due; or 
 (3) the Company shall fail to deliver when due any consideration payable upon
conversion of the Securities, which failure continues for 15 days; or 
 (4) the Company shall fail to perform or
observe (or obtain a waiver with respect to) any other term, covenant or agreement contained in the Securities or this Indenture for a period of 60 days after receipt by the Company of a Notice of Default specifying such failure; or 

(5) default in the payment of principal by the end of any applicable grace period or resulting in acceleration of other
indebtedness of the Company for borrowed money where the aggregate principal amount with respect to which the default or acceleration has occurred exceeds $25 million and such acceleration has not been rescinded or annulled or such indebtedness
repaid within a period of 30 days after receipt of a Notice of Default, provided that if any such default is cured, waived, rescinded or annulled, then the Event of Default by reason thereof would be deemed not to have occurred; or 

  
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 (6) the Company pursuant to or within the meaning of any Bankruptcy Law:

 (A) commences as a debtor a voluntary case or proceeding; or 

(B) consents to the entry of an order for relief against it in an involuntary case or proceeding or the commencement of
any case against it; 
 (C) consents to the appointment of a Receiver of it or for all or substantially all of
its property; or 
 (D) makes a general assignment for the benefit of its creditors; 

(E) files a petition in bankruptcy or answer or consent seeking reorganization or relief; or 

(F) consents to the filing of such a petition or the appointment of or taking possession by a Receiver; or 

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

(A) grants relief against the Company in an involuntary case or proceeding or adjudicates the Company insolvent or
bankrupt; 
 (B) appoints a Receiver of the Company or for all or substantially all of the property of the
Company; or 
 (C) orders the winding up or liquidation of the Company; 

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

The term “Bankruptcy Law” means Title 11 of the United States Code (or any successor thereto) or any similar federal or
state law for the relief of debtors. The term “Receiver” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law. 

(b) Notwithstanding Section 7.01(a), no Event of Default under clauses (4) or (5) of Section 7.01(a) shall occur
until the Trustee notifies the Company in writing, or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding notify the Company and the Trustee in writing, of the Default (a “Notice of Default”), and
the Company does not cure the Default within the time specified in clause (4) or (5) of Section 7.01(a), as applicable, after receipt of such notice. A notice given pursuant to this

  
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Section 7.01 shall be given by registered or certified mail, must specify the Default, demand that it be remedied and state that the notice is a Notice of Default. When any Default under
this Section 7.01 is cured, it ceases. 
 (c) The Company will deliver to the Trustee, within five Business Days after
becoming aware of the occurrence of a Default or Event of Default, written notice thereof. 
 The Trustee shall not be charged
with knowledge of any Event of Default unless written notice thereof shall have been given to a Trust Officer with responsibility for this Indenture at the Corporate Trust Office of the Trustee by the Company, a Paying Agent, any Holder or any agent
of any Holder or unless a Trust Officer with responsibility for this Indenture acquires actual knowledge of such Event of Default in the course of performing other duties pursuant to this Indenture. 

Section 7.02 Acceleration. 
 If an Event of Default (other than an Event of Default specified in clauses (6) or (7) of Section 7.01(a)) occurs and is continuing with respect to the Company, the Trustee may, by notice
to the Company, or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding may, by notice to the Company and the Trustee, declare the principal amount and accrued and unpaid interest, if any, through the date of
declaration on all the Securities to be immediately due and payable. Upon such a declaration, such principal amount and such accrued and unpaid interest, if any, shall be due and payable immediately. If an Event of Default specified in
Section 7.01(a)(6) or (7) occurs in respect of the Company and is continuing, the principal amount and accrued but unpaid interest, 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 Holders of Securities. The Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may rescind an acceleration and its consequences if (a) all
existing Events of Default, other than the nonpayment of the principal of the Securities which have become due solely by such declaration of acceleration, have been cured or waived; (b) the rescission would not conflict with any judgment or
decree of a court of competent jurisdiction; and (c) all payments due to the Trustee and any predecessor Trustee under Section 8.07 have been made. No such rescission shall affect any subsequent Default or impair any right consequent
thereto. 
 Section 7.03 Other Remedies.
 (a) If an Event of Default occurs and is continuing, the Trustee may, but shall not be obligated to, pursue any available remedy by proceeding at law or in equity to collect payment of the principal
amount and accrued and unpaid interest, if any, on the Securities or to enforce the performance of any provision of the Securities or this Indenture. 
 (b) The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default 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 to the extent permitted by applicable law. 

  
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 Section 7.04 Waiver Of Defaults And Events Of Default.

Subject to Sections 7.07 and 10.02, the Holders of a majority in aggregate principal amount of the Securities then outstanding by
notice to the Trustee may waive an existing Default or Event of Default and its consequences, except an uncured Default or Event of Default in the payment of the principal of, premium, if any, or any accrued but unpaid interest on any Security, an
uncured failure by the Company to convert any Securities into Common Stock or any Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 10.02, cannot be modified or amended without the
consent of the Holder of each Security affected. When a Default or Event of Default is waived, it is cured and ceases. 

Section 7.05 Control By Majority.
 The Holders of a majority in aggregate principal amount of the Securities then outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or
exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Holder or the Trustee,
or that may involve the Trustee in personal liability unless the Trustee is offered security or indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 
 Section 7.06 Limitations On Suits.

(a) A Holder may not pursue any remedy with respect to this Indenture or the Securities (except actions for payment of overdue principal,
premium, if any, or interest or for the conversion of the Securities pursuant to Article IV) unless: 
 (1)
the Holder gives to the Trustee written notice of a continuing Event of Default; 
 (2) the Holders of at least
25% in aggregate principal amount of the then outstanding Securities make a written request to the Trustee to pursue the remedy; 
 (3) such Holder or Holders offer to the Trustee reasonable security or indemnity to the Trustee against any loss, liability or expense; 

(4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or
indemnity; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during
such 60-day period by the Holders of a majority in aggregate principal amount of the Securities then outstanding. 

  
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 (b) No Holder of a Security shall have any right under any provision of this Indenture or
the Securities to affect, disturb, or prejudice the rights of another Holder of a Security or to obtain a preference or priority over another Holder of a Security. 
 Section 7.07 Rights Of Holders To Receive Payment And To Convert.

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of the principal amount,
Redemption Price, Put Right Purchase Price, Fundamental Change Repurchase Price, or Make-Whole Premium and interest, if any, in respect of the Securities held by such Holder, on or after the respective due dates expressed in the Securities and this
Indenture, (whether upon redemption, repurchase, or otherwise), and to convert such Security in accordance with Article IV, and to bring suit for the enforcement of any such payment on or after such respective due dates or for the right to
convert in accordance with Article IV, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder. 
 Section 7.08 Collection Suit By Trustee.
 If an Event of Default
described in clause (1) or (2) of Section 7.01(a) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or another obligor on the Securities for the whole
amount owing with respect to the Securities and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 Section 7.09 Trustee May File Proofs Of Claim.

The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor on the
Securities), its creditors or its property and shall be entitled and empowered to collect and receive any money or other property payable or deliverable on any such claims and to distribute the same, and any Receiver 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 to the Trustee any amount due to it for the compensation,
reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 8.07, and to the extent that such payment of the compensation, reasonable expenses, disbursements and
advances in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other property which the Holders may be
entitled to receive in such proceedings, whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to, or, on behalf of any
Holder, to authorize, accept or adopt 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. 

  
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 Section 7.10 Priorities.

(a) If the Trustee collects any money or property pursuant to this Article VII, it shall pay out the money or property in the
following order: 
 (1) First, to the Trustee for amounts due under Section 8.07; 

(2) Second, to Holders for amounts due and unpaid on the Securities for the principal amount, and interest, as applicable,
ratably, without preference or priority of any kind, according to such respective amounts due and payable on the Holders’ Securities; 
 (3) Third, to such other Person or Persons, if any, to the extent entitled thereto; and 
 (4) Fourth, the balance, if any, to the Company. 
 (b) The Trustee may fix a
record date and payment date for any payment to Holders pursuant to this Section 7.10. 
 Section 7.11 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 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 7.11 does not apply to a suit made
by the Trustee, a suit by a Holder pursuant to Section 7.07, or a suit by Holders of more than 10% in aggregate principal amount of the Securities then outstanding. This Section 7.11 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. 
 ARTICLE VIII 

TRUSTEE 

Section 8.01 Obligations 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 its exercise
as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

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

(1) the Trustee need perform only those duties as are specifically set forth in this Indenture and no others; and

 (2) 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. The Trustee, however, shall examine any certificates and opinions which by
any provision hereof are specifically required to be delivered to the Trustee 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 8.01(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 gross negligent action, its own gross negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of Section 8.01(b); 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts; and

 (3) 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 7.05. 
 This Section 8.01(c) shall be in lieu of
Sections 315(d)(1), 315(d)(2) and 315(d)(3) of the TIA and such Sections are hereby expressly excluded from this Indenture as permitted by the TIA. 
 (d) 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 unless the Trustee shall have received adequate security or indemnity in its opinion against potential costs and liabilities incurred by it relating thereto. 

(e) Every provision of this Indenture that in any way relates to the Trustee is subject to subsections (a), (b), (c) and (d) of
this Section 8.01. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee
may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

  
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 Section 8.02 Rights Of Trustee.

(a) Subject to Section 8.01: 
 (1) The Trustee may rely conclusively on any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in
the document. 
 (2) Before the Trustee acts or refrains from acting, it may require an Officers’
Certificate, an Opinion of Counsel or both, which shall conform to Section 11.04(b). The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel.

 (3) The Trustee may act through its agents and shall not be responsible for the misconduct or negligence of
any agent appointed with due care. 
 (4) The Trustee shall not be liable for any action it takes or omits to
take in good faith which it believes to be authorized or within its rights or powers. 
 (5) The Trustee may
consult with counsel of its selection, and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection in respect of any such action taken, omitted or suffered by it hereunder in good faith and
in accordance with the advice or opinion of such counsel. 
 (6) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
 (7) 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 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. 
 (8) The Trustee shall not be deemed to have
notice of any Default or Event of Default unless a Trust Officer of the Trustee responsible for this Indenture has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the
Corporate Trust Office, and such notice references the Securities and this Indenture. 

  
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 (9) 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, including, without limitation as Paying Agent, Registrar and Conversion Agent,
and to each agent, custodian and other Person employed to act hereunder. The Trustee may appoint an agent, with the approval of the Company, to perform such calculations as the Conversion Agent hereunder may be required to perform. 

(10) In no event shall the Trustee, including in its capacity as Paying Agent, Registrar or Conversion Agent or in any
other capacity hereunder, be liable under or in connection with this Indenture for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but not limited to lost profits, whether or not
foreseeable, even if the Trustee has been advised of the possibility thereof and regardless of the form of action in which such damages are sought. 
 (11) The permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so specified herein. 

Section 8.03 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 an Affiliate of the Company with the same rights it would have
if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Sections 8.10 and 8.11. 
 Section 8.04 Trustee’s Disclaimer.
 The Trustee makes no
representation as to the validity or adequacy of this Indenture or the Securities. It shall not be responsible for any statement in the Securities other than its certificate of authentication. 

Section 8.05 Notice Of Default Or Events Of Default.
 If a Default or an Event of Default occurs and is continuing and if it is known to a Trust Officer of the Trustee responsible for this Indenture, the Trustee shall mail to each Holder of a Security notice
of all uncured Defaults or Events of Default known to it within 90 days after it occurs or, if later, within 15 days after it becomes known to the Trustee. However, the Trustee may withhold the notice if and for so long as a committee of its Trust
Officers in good faith determines that withholding notice is in the interests of Holders of Securities, except in the case of a Default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Security when due
or in the payment of any redemption or purchase obligation, or the Company’s failure to convert Securities when obligated to convert them. This Section 8.05 is in lieu of section 315(b) of the TIA and such provision is expressly excluded
from this Indenture as permitted by the TIA. 

  
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 Section 8.06 Reports By Trustee To Holders.

(a) If a report is required by TIA Section 313, within 60 days after each May 15, beginning with the May 15 following the
date of this Indenture, the Trustee shall mail to each Holder of Securities a brief report dated as of such May 15 that complies with TIA Section 313(a). If required by TIA Section 313, the Trustee also shall comply with TIA
Sections 313(b)(2) and (c). 
 (b) A copy of each report at the time of its mailing to Holders of Securities shall be
mailed to the Company and, to the extent required by the TIA, filed with the SEC, and each stock exchange, if any, on which the Securities are listed. The Company shall notify the Trustee in writing whenever the Securities become listed on any stock
exchange or listed or admitted to trading on any quotation system and any changes in the stock exchanges or quotation systems on which the Securities are listed or admitted to trading and of any delisting thereof. 

Section 8.07 Compensation And Indemnity.
 (a) The Company shall pay to the Trustee from time to time such compensation (as agreed to from time to time by the Company and the Trustee in writing) for its services (which compensation shall not be
limited by any provision of law in regard to the compensation of a trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and advances incurred or made by it. Such expenses may
include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 (b) The Company
shall indemnify the Trustee or any predecessor Trustee (which for purposes of this Section 8.07 shall include its officers, directors, employees and agents) for, and hold it harmless against, any and all loss, liability or expense including
taxes (other than taxes based upon, measured by or determined by the income of the Trustee), incurred by it in connection with the acceptance or administration of its duties under this Indenture or any action or failure to act as authorized or
within the discretion or rights or powers conferred upon the Trustee hereunder including the reasonable costs and expenses of the Trustee and its counsel in defending (including reasonable legal fees and expenses) itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. The Company need not pay for
any settlement effected without its prior written consent, which shall not be unreasonably withheld. 
 (c) The Company need not
reimburse the Trustee for any expense or indemnify it against any loss or liability incurred by it resulting from its gross negligence, willful misconduct or bad faith. 
 (d) To secure the Company’s payment obligations in this Section 8.07, the Trustee shall have a senior claim to which the Securities are hereby made subordinate on all

  
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money or property held or collected by the Trustee. The obligations of the Company under this Section 8.07 shall survive the satisfaction and discharge of this Indenture or the resignation
or removal of the Trustee. 
 (e) When the Trustee incurs expenses or renders services after an Event of Default specified in
clauses (6) or (7) of Section 7.01(a) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. The provisions of this Section shall survive the
termination of this Indenture. 
 Section 8.08 Replacement Of Trustee.

(a) The Trustee may resign by so notifying the Company. The Holders of a majority in aggregate principal amount of the Securities then
outstanding may remove the Trustee by so notifying the Trustee and the Company and may, with the Company’s written consent, appoint a successor Trustee. The Company may remove the Trustee at any time, so long as no Default or Event of Default
has occurred and is continuing, and appoint a Successor Trustee in accordance with this Section 8.08. 
 (b) 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 a successor Trustee. The resignation or removal of a Trustee shall not be effective until a successor Trustee shall have
delivered the written acceptance of its appointment as described below. 
 (c) If a successor Trustee does not take office
within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of 10% in principal amount of the Securities then outstanding may petition any court of competent jurisdiction for the appointment of a
successor Trustee at the expense of the Company. 
 (d) If the Trustee fails to comply with Section 8.10, any Holder may
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 (e) A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, subject to
the rights set forth in Section 8.07, and be released from its obligations (exclusive of any liabilities that the retiring Trustee may have incurred while acting as Trustee) hereunder, 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. A successor Trustee shall mail notice of its succession to each Holder. 

(f) A retiring Trustee shall not be liable for the acts or omissions of any successor Trustee after its succession. 

(g) Notwithstanding replacement of the Trustee pursuant to this Section 8.08, the Company’s obligations under Section 8.07
shall continue for the benefit of the retiring Trustee. 

  
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 Section 8.09 Successor Trustee By Merger, Etc.

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business
(including the administration of this Indenture) to, another corporation, the resulting, surviving or transferee corporation, without any further act, shall be the successor Trustee; provided such transferee corporation shall qualify and be eligible
under Section 8.10. Such successor Trustee shall promptly mail notice of its succession to the Company and each Holder. 

Section 8.10 Eligibility; Disqualification.
 The Trustee shall always satisfy the requirements of paragraphs (1), (2) and (5) of TIA Section 310(a). The Trustee (or its 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. If at any time the Trustee shall cease to satisfy any such requirements, it shall resign immediately in the manner and with the effect specified in
this Article VIII. The Trustee shall be subject to the provisions of TIA Section 310(b). Nothing herein shall prevent the Trustee from filing with the SEC the application referred to in the penultimate paragraph of TIA Section 310(b).

 Section 8.11 Preferential Collection Of Claims Against 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 IX

 SATISFACTION AND DISCHARGE OF INDENTURE 
 Section 9.01 Satisfaction And Discharge Of Indenture.
 (a) This
Indenture shall cease to be of further force and effect (except as to any surviving rights of conversion, registration of transfer or exchange of Securities herein expressly provided for and except as further provided below), and the Trustee, on
demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when either: 
 (A) all Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.07
and (ii) Securities for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company as provided in Section 9.03) have been delivered to the Trustee for cancellation; or 

  
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 (B) all such Securities not theretofore delivered to the Trustee for
cancellation, 
  

	 	(i)	have become due and payable, 

  

	 	(ii)	will become due and payable at the Final Maturity Date within one year, or 

 

	 	(iii)	are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the
name, and at the expense, of the Company; 

 provided in the case of clause (B), that 

(1) the Company has deposited with the Trustee or a Paying Agent (other than the Company or any of its Affiliates) as
trust funds in trust for the purpose of and in an amount sufficient to pay and discharge all indebtedness related to such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit
(in the case of Securities which have become due and payable) or to the Final Maturity Date or Redemption Date, as the case may be. In the event that the Company exercises its right to redeem the Securities as provided in Article III, the
Company shall have the right to withdraw its funds previously deposited with the Trustee or Paying Agent pursuant to the immediately preceding sentence; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein relating to the satisfaction and discharge of this
Indenture have been complied with. 
 (b) Notwithstanding the satisfaction and discharge of this Indenture, the obligations of
the Company with respect to the conversion privilege and the Conversion Rate of the Securities pursuant to Article IV, the obligations of the Company to the Trustee under Section 8.07 and, if money shall have been deposited with the
Trustee pursuant to clause (2) of Section 9.01(a), the provisions of Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.12, 5.01 and 11.05, Article IV, and this Article IX, shall survive until the Securities have been paid in full.

 Section 9.02 Application Of Trust Money.
 Subject to the provisions of Section 9.03, the Trustee or a Paying Agent shall hold in trust, for the benefit of the Holders, all money deposited with it pursuant to Section 9.01 and shall apply
the deposited money in accordance with this Indenture and the Securities to the payment of the principal of and interest on the Securities. 

  
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 Section 9.03 Repayment To Company.

(a) The Trustee and each Paying Agent shall promptly pay to the Company upon request any excess money (1) deposited with them
pursuant to Section 9.01 and (2) held by them at any time. 
 (b) The Trustee and each Paying Agent shall, subject to
applicable abandonment property laws, pay to the Company upon request any money held by them for the payment of principal or interest that remains unclaimed for two years after a right to such money has matured; provided, however, that
the Trustee or such Paying Agent, before being required to make any such payment, may at the expense of the Company cause to be mailed to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified
therein, which shall be at least 30 days from the date of such mailing, any unclaimed balance of such money then remaining will be repaid to the Company. After payment to the Company, Holders entitled to money must look to the Company for payment as
general creditors unless an applicable abandoned property law designates another person. 
 Section 9.04
Reinstatement.
 (a) If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 9.02
by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 9.01 until such time as the Trustee or such Paying Agent is permitted to apply all such money in accordance with Section 9.02;
provided, however, that if the Company has made any payment of the principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive any such payment from the money held by the Trustee or such Paying Agent. 
 (b) If pursuant to the last
sentence of Section 9.01(a)(1), the Company withdraws its previously deposited funds as a result of its exercise of its redemption right, the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as
though no deposit has occurred pursuant to Section 9.01. 

  
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 ARTICLE X 
 AMENDMENTS; SUPPLEMENTS AND WAIVERS 
 Section 10.01 Without Consent Of
Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities without notice to or consent of any Holder of a Security for the purpose of: 
 (a) evidencing a successor to the Company and the assumption by that successor of the Company’s obligations under this Indenture and the Securities; 

(b) adding to the Company’s covenants for the benefit of the Holders or surrendering any right or power conferred upon the Company;

 (c) securing the Company’s obligations in respect of the Securities; 

(d) evidencing and providing for the acceptance of the appointment of a successor trustee in accordance with Article VIII;

 (e) complying with the requirements of the SEC in order to effect or maintain the qualification of this Indenture under the
TIA, as contemplated by this Indenture or otherwise; 
 (f) complying with the provisions of any securities depositary, clearing
agency, clearing corporation or clearing system, or the requirements of the Trustee or Registrar, relating to transfers and exchanges of the Securities pursuant to this Indenture; 

(g) making provision with respect to adjustments to the Conversion Rate as required by this Indenture or to increase the Conversion Rate
in accordance with this Indenture; 
 (h) curing any ambiguity, omission, inconsistency or correcting or supplementing any
defective provision contained in this Indenture; or 
 (i) modifying any other provisions of this Indenture in any manner that
will not adversely affect the interests of the Holders in any material respect. 
 Section 10.02 With Consent Of
Holders.
 (a) The Company and the Trustee may amend or supplement this Indenture or the Securities with the written consent
of the Holders of at least a majority in aggregate principal amount of the Securities then outstanding. However, subject to Section 10.04, without the written consent of each Holder affected, an amendment, supplement or waiver may not:

 (1) alter the manner of calculation or rate of accrual of interest on any Security or change the time of
payment of any installment of interest on, or with respect to, any Security; 

  
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 (2) make any of the Securities payable in money or securities other than
that stated in the Securities; 
 (3) change the stated maturity of any Security; 

(4) reduce the principal amount, Redemption Price, Put Right Purchase Price, or Fundamental Change Repurchase Price or any
Make Whole Premium payable (as applicable) with respect to any of the Securities, or the amount payable upon redemption or purchase pursuant to Article III, with respect to any Security; 

(5) make any change that adversely affects the rights of a Holder to convert any of the Securities in any material
respect; 
 (6) make any change that adversely affects the rights of Holders to require the Company to purchase
Securities at the option of Holders; 
 (7) impair the right to institute suit for the enforcement of any payment
on or with respect to any Security or with respect to the conversion of any Security; 
 (8) change the currency
of payment of principal of, or interest on, the Securities; or 
 (9) reduce the percentage in aggregate
principal amount of Securities outstanding necessary to modify or amend this Indenture or to waive any past Default or Event of Default. 
 (b) Without limiting the provisions of Section 10.02(a) hereof, the Holders of a majority in principal amount of the Securities then outstanding may, on behalf of all the Holders of all Securities,
(i) waive compliance by the Company with the restrictive provisions of this Indenture, and (ii) waive any past Default or Event of Default under this Indenture and its consequences, except an uncured failure to pay when due the principal
amount, accrued and unpaid interest, Redemption Price, Put Right Purchase Price or Fundamental Change Repurchase Price, or in the obligation to deliver any consideration due upon conversion, or in respect of any provision which under this Indenture
cannot be modified or amended without the consent of the Holder of each outstanding Security affected. 
 (c) It is not
necessary for the consent of the Holders of Securities under this Section 10.02 to approve the particular form of any proposed amendment, supplement or waiver, but is sufficient if such consent approves the substance thereof. 

(d) After an amendment, supplement or waiver under this Section 10.02 becomes effective, the Company shall promptly mail to the
Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment,
supplement or waiver. 

  
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 Section 10.03 Compliance With Trust Indenture Act.

Every amendment to or supplement of this Indenture or the Securities shall comply with the TIA as in effect at the date of such amendment
or supplement. 
 Section 10.04 Revocation And Effect Of Consents.

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

(b) After an amendment, supplement or waiver becomes effective, it shall bind every Holder of a Security. 

Section 10.05 Notation On Or Exchange of Securities.
 If an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the Trustee. The Trustee may place an appropriate notation on the
Security about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security that reflects the
changed terms. 
 Section 10.06 Trustee To Sign Amendments, Etc.

The Trustee shall sign any amendment or supplemental indenture authorized pursuant to this Article X if the amendment or
supplemental indenture does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, in its sole discretion, but need not sign it. In signing or refusing to sign such amendment or supplemental
indenture, the Trustee shall be entitled to receive and, subject to Section 8.01, shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that such amendment or supplemental indenture is authorized
or permitted by this Indenture. The Company may not sign an amendment or supplement indenture until the Board of Directors approves it. 
 Section 10.07 Effect Of Supplemental Indentures.
 Upon the execution
of any supplemental indenture under this Article X, 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. 

  
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 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.01 Trust Indenture Act Controls.

If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by any of Sections 310 to 317, inclusive,
of the TIA through operation of Section 318(c) thereof, such imposed duties shall control. 
 Section 11.02
Notices.
 Any demand, authorization notice, request, consent or communication shall be given in writing and delivered in
person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile transmission (confirmed by delivery in person or mail by first-class mail, postage prepaid, or by guaranteed overnight courier) to the following
facsimile numbers: 
 If to the Company, to: 

Hutchinson Technology Incorporated 

40 West Highland Park 
 Hutchinson, Minnesota 55350-9784 
 Attention: Investor Relations

 Fax: (604) 415-6240 

if to the Trustee, to: 
 Wells Fargo Bank, National Association 
 MAC N9311-110 

625 Marquette Avenue 
 Minneapolis, Minnesota 55479 
 Attention: Hutchinson Administrator

 Such notices or communications shall be effective when received. 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication mailed to a Holder of a Security shall be mailed by first-class mail or delivered
by an overnight delivery service to it at its address shown on the register kept by the Primary Registrar. 
 Failure to mail a
notice or communication to a Holder of a Security or any defect in it shall not affect its sufficiency with respect to other Holders of Securities. If a notice or communication to a Holder of a Security is mailed in the manner provided above, it is
duly given, whether or not the addressee receives it. 

  
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 If the Company mails any notice to a Holder of a Security, it shall mail a copy to the
Trustee and each Registrar, Paying Agent and Conversion Agent. 
 Notwithstanding any other provision of this Indenture or any
Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption or repurchase) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to
the Depositary as such Holder (or its designee) pursuant to the standing instructions from the Depositary or its designee. 

Section 11.03 Communications By Holders With Other Holders.

Holders of Securities may communicate pursuant to TIA Section 312(b) with other Holders of Securities with respect to their rights
under this Indenture or the Securities. The Company, the Trustee, the Registrar and any other person shall have the protection of TIA Section 312(c). 
 Section 11.04 Certificate And Opinion As To Conditions Precedent.
 (a)
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 at the request of the Trustee: 

(1) an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent (including any
covenants, compliance with which constitutes a condition 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 (including any
covenants, compliance with which constitutes a condition precedent) have been complied with. 
 (b) Each Officers’
Certificate and Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (1) a statement that the person making such certificate or opinion 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 certificate or opinion are based; 

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

  
 -67-

 (4) a statement as to whether or not, in the opinion of such person, such
condition or covenant has been complied with; 
 provided, however, that with respect to matters of fact an Opinion of Counsel may
rely on an Officers’ Certificate or certificates of public officials. 
 Section 11.05 Record Date For Vote Or
Consent Of Holders of Securities.
 The Company (or, in the event deposits have been made pursuant to Section 9.01, the
Trustee) may set a record date for purposes of determining the identity of Holders entitled to vote or consent to any action by vote or consent authorized or permitted under this Indenture, which record date shall not be more than 30 days prior to
the date of the commencement of solicitation of such action. Notwithstanding the provisions of Section 10.04, if a record date is fixed, those persons who were Holders of Securities at the close of business on such record date (or their duly
designated proxies), and only those persons, shall be entitled to take such action by vote or consent or to revoke any vote or consent previously given, whether or not such persons continue to be Holders after such record date. 

Section 11.06 Rules By Trustee, Paying Agent, Registrar And Conversion Agent.

The Trustee may make reasonable rules (not inconsistent with the terms of this Indenture) for action by or at a meeting of Holders. Any
Registrar, Paying Agent or Conversion Agent may make reasonable rules for its functions. 
 Section 11.07 Legal
Holidays.
 A “Legal Holiday” is a Saturday, Sunday or a day on which state or federally chartered banking
institutions in New York, New York or Minneapolis, Minnesota are authorized or obligated to close. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for
the intervening period. If a Regular Record Date is a Legal Holiday, the record date shall not be affected. 

Section 11.08 Governing Law.
 This Indenture and the Securities shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 11.09 No Adverse Interpretation Of Other Agreements.
 This
Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 11.10 No Recourse Against Others.
 All liability described in paragraph 17 of the Securities of any director, officer, employee or shareholder, as such, of the Company hereby is waived and released by each of the Holders. 

  
 -68-

 Section 11.11 No Security Interest Created.

Nothing in this Indenture or in the Securities, express or implied, shall be construed to constitute a security interest against the
property of the Company under the Uniform Commercial Code or similar legislation, now in effect or hereafter enacted and made effective, in any jurisdiction. 
 Section 11.12 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 11.13 Multiple Counterparts.
 The parties may sign multiple
counterparts of this Indenture. Each signed counterpart shall be deemed an original, but all of them together represent the same agreement. 
 Section 11.14 Separability.
 If any provisions 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. 

Section 11.15 Table Of Contents, Headings, Etc.
 The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof,
and shall in no way modify or restrict any of the terms or provisions hereof. 
 [SIGNATURE PAGE FOLLOWS] 

  
 -69-

 Exhibit 4.5 
 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands as of the date and year first above written. 

 

			
	HUTCHINSON TECHNOLOGY INCORPORATED
		
	By:	 	  

		 	            Name:
		 	            Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	solely as Trustee hereunder and not in its individual capacity
		
	By:	 	  

		 	            Name:
		 	            Title:

 [Signature Page to Indenture] 

 Exhibit 4.5 
 EXHIBIT A 
 [FORM OF FACE OF SECURITY] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN
DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH
NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

  
 A-1

 HUTCHINSON TECHNOLOGY INCORPORATED 

8.50% Convertible Senior Notes due 2026 
  

			
	No. [            ]	  	CUSIP: [                    ]

Hutchinson Technology Incorporated, a Minnesota corporation, promises to pay to Cede & Co. or registered assigns the principal
amount of
                                        
($                    ) on January 15, 2026. 
 This Security shall bear interest as specified on the other side of this Security. This Security is convertible as specified on the other side of this Security. 

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

Dated: 
 [SIGNATURE PAGE
FOLLOWS] 

  
 A-2

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	HUTCHINSON TECHNOLOGY INCORPORATED
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: 

Trustee’s Certificate of Authentication: This is one of the 
 Securities referred to in the within-mentioned Indenture. 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 solely as Trustee hereunder and not in its individual capacity 

 

			
	By:	 	  

		 	Authorized Signatory

  
 A-3

 [FORM OF REVERSE SIDE OF SECURITY] 

HUTCHINSON TECHNOLOGY INCORPORATED. 
 CONVERTIBLE SENIOR NOTES DUE 2026 
 1. INTEREST 

Hutchinson Technology Incorporated, a Minnesota corporation (the “Company”, which term shall include any successor corporation
under the Indenture hereinafter referred to), promises to pay interest on the principal amount of this Security at the rate of 8.50% per annum. The Company shall pay interest semiannually on January 15 and July 15 of each year (each
an “Interest Payment Date”), commencing July 15, 2011. Each payment of interest will include interest accrued through the day before the relevant Interest Payment Date (or purchase or redemption date, as the case may be). Cash
interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 No sinking fund is provided for
the Securities. 
 2. METHOD OF PAYMENT 
 The Company shall pay interest on this Security (except defaulted interest) to the person who is the Holder of this Security at the close of business on January 1 or July 1, as the case may be
(each, a “Regular Record Date”), next preceding the related Interest Payment Date. The Holder must surrender this Security to a Paying Agent to collect payment of principal. The Company will pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public and private debts. The Company may pay principal and interest in respect of any Certificated Security through the Paying Agent by check or wire payable in such money;
provided, however, that a Holder with an aggregate principal amount in excess of $2,000,000 will be paid by wire transfer in immediately available funds at the election of such Holder if such Holder has provided wire transfer
instructions to the Trustee at least 10 Business Days prior to the Interest Payment Date. The Company may mail an interest check to the Holder’s registered address. Notwithstanding the foregoing, so long as this Security is registered in the
name of a Depositary or its nominee, all payments hereon shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee. 
 Any wire transfer instructions received by the Trustee will remain in effect until revoked by the Holder. 
 3. PAYING AGENT, REGISTRAR AND CONVERSION AGENT 
 Initially, Wells Fargo Bank,
National Association (the “Trustee”, which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar
or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may, subject to certain limitations set forth in the Indenture, act as Paying Agent or Registrar. 

  
 A-4

 4. INDENTURE, LIMITATIONS 
 This Security is one of a duly authorized issue of Securities of the Company designated as its 8.50% Convertible Senior Notes Due 2026 (the “Securities”), issued under an Indenture dated as of
February [    ], 2011 (together with any supplemental indentures thereto, the “Indenture”), between the Company and the Trustee. The terms of this Security include those stated in the Indenture and those
required by or made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended, as in effect on the date of the Indenture. This Security is subject to all such terms, and the Holder of this Security is referred to the
Indenture and said Act for a statement of them. 
 The Securities are senior unsecured obligations of the Company. The Indenture
does not limit debt of the Company, secured or unsecured. 
 5. REDEMPTION AT THE OPTION OF THE COMPANY 

Prior to January 15, 2013, the Securities shall not be redeemable. The Company may, at its option, redeem the Securities for cash at
the Redemption Price, in whole or in part, on any Redemption Date (or in the case of multiple redemptions, Redemption Dates) fixed by the Company (i) from time to time on or after January 15, 2013 to, but excluding, January 15, 2015,
if the Closing Price of the Common Stock equals or exceeds 150% of the Conversion Price in effect for at least 20 Trading Days during the 30 consecutive Trading Day period ending on the Trading Day immediately prior to the date the Company delivers
the redemption notice specified in Section 3.03 of the Indenture, and (ii) on and after January 15, 2015, at any time and from time to time. The Redemption Price shall equal 100% of the principal amount of the Securities to be
redeemed, plus any accrued and unpaid interest to, but excluding, the Redemption Date; provided, however, that if the Redemption Date falls after a Regular Record Date but on or prior to the corresponding Interest Payment Date, the
interest on the Securities payable on such Redemption Date will be payable to the Holders in whose names the Securities are registered at the close of business on the applicable Regular Record Date. Securities or portions of Securities called for
redemption shall be convertible by the Holder until the close of business on the second Business Day prior to the relevant Redemption Date. 

6. NOTICE OF REDEMPTION 

Notice of redemption, as set forth in Section 3.03 of the Indenture, will be mailed by first-class mail at least 30 days but not
more than 60 days before a Redemption Date to each Holder of Securities to be redeemed at its registered address. Securities in denominations larger than $1,000 may be redeemed in part, but only in whole multiples of $1,000. On and after the
Redemption Date, subject to the deposit with the Paying Agent of funds sufficient to pay the Redemption Price, such Securities or portions of them called for redemption will cease to be outstanding, whether or not the Security is delivered to the
Paying Agent, and the rights of the Holder in respect thereof shall cease (other than the right to receive the Redemption Price). 

  
 A-5

 7. PURCHASE OF SECURITIES AT OPTION OF HOLDER UPON A FUNDAMENTAL CHANGE 

At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase for
cash, subject to certain exceptions described in the Indenture, all or any part specified by the Holder (so long as the principal amount of such part is $1,000 or an integral multiple of $1,000) of the Securities held by such Holder on a date
specified by the Company that is not less than 30 nor more than 45 days after the date of the Fundamental Change Company Notice, at a purchase price equal to 100% of the principal amount thereof together with accrued and unpaid interest, if any, to,
but excluding, the Fundamental Change Repurchase Date. The Holder shall have the right to withdraw any Fundamental Change Repurchase Notice (in whole or in a portion thereof that is $1,000 or an integral multiple of $1,000) at any time prior to the
close of business on the Business Day next preceding the Fundamental Change Repurchase Date by delivering a written notice of withdrawal to the Paying Agent in accordance with the terms of the Indenture. 

8. PURCHASE OF SECURITIES AT OPTION OF HOLDER ON SPECIFIED DATES 
 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase for cash all or any part specified by the Holder (so long as the
principal amount of such part is $1,000 or an integral multiple of $1,000) of the Securities held by such Holder on the applicable Put Right Purchase Date at the applicable Put Right Purchase Price. The Holder shall have the right to withdraw any
Put Right Purchase Notice (in whole or in a portion thereof that is $1,000 or an integral multiple of $1,000) at any time prior to the close of business on the Business Day next preceding the Put Right Purchase Date by delivering a written notice of
withdrawal to the Paying Agent in accordance with the terms of the Indenture. 
 9. CONVERSION 

Subject to and upon compliance with the provisions of the Indenture, a Holder may surrender for conversion any Security that is $1,000
principal amount or integral multiples thereof. Upon conversion of a Security, the Holder of such Security shall receive a number of shares of Common Stock equal to the product of (i) the number obtained by dividing the principal amount of the
Security converted by $1,000 and (ii) the Conversion Rate in effect on the applicable Conversion Date; provided, however, that in lieu of any fractional share of Common Stock, the Company shall deliver an amount of cash equal to the product of
(i) such fraction of a share and (ii) the Closing Price of the Common Stock on the applicable Conversion Date (or, if the applicable Conversion Date is not a Trading Day, the Trading Day immediately preceding such Conversion Date).

 10. DENOMINATIONS, TRANSFER, EXCHANGE 
 The Securities are in registered form, without coupons, in denominations of $1,000 principal amount and integral multiples of $1,000 principal amount. A Holder may register the transfer of or exchange
Securities in accordance with the Indenture. The Registrar may require a 

  
 A-6

 
Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes or other governmental charges that may be imposed in relation thereto by law or
permitted by the Indenture. 
 11. PERSONS DEEMED OWNERS 
 The Holder of a Security may be treated as the owner of it for all purposes. 
 12. UNCLAIMED MONEY

 If money for the payment of principal or interest remains unclaimed for two years, the Trustee and any Paying Agent will pay
the money back to the Company at its written request, subject to applicable unclaimed property law and the provisions of the Indenture. After that, Holders entitled to money must look to the Company for payment as general creditors unless an
applicable abandoned property law designates another person. 
 13. AMENDMENT, SUPPLEMENT AND WAIVER 

Subject to certain exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least
a majority in aggregate principal amount of the Securities then outstanding, and an existing Default or Event of Default and its consequence or compliance with any provision of the Indenture or the Securities may be waived in a particular instance
with the consent of the Holders of a majority in aggregate principal amount of the Securities then outstanding. Without the consent of or notice to any Holder, the Company and the Trustee may amend or supplement the Indenture or the Securities to,
among other things, cure any ambiguity, defect or inconsistency or make any other change that does not adversely affect the rights of the Holders in any material respect. 
 14. SUCCESSOR ENTITY 
 When a successor corporation assumes all the obligations of
its predecessor under the Securities and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation (except in certain circumstances specified in the Indenture) shall be released from those obligations.

 15. DEFAULTS AND REMEDIES 
 Under the Indenture, an Event of Default shall occur if: 
 (1) the Company shall
fail to pay when due the Principal or any Redemption Price, Put Right Purchase Price or Fundamental Change Repurchase Price of any Security, when the same becomes due and payable whether at the Final Maturity Date, upon redemption, repurchase,
acceleration or otherwise; or 
 (2) the Company shall fail to pay an installment of cash interest on any of the Securities,
which failure continues for 30 days after the date when due; or 

  
 A-7

 (3) the Company shall fail to deliver when due any consideration payable upon conversion of
the Securities, which failure continues for 15 days; or 
 (4) the Company shall fail to perform or observe (or obtain a waiver
with respect to) any other term, covenant or agreement contained in the Securities or the Indenture for a period of 60 days after receipt by the Company of a Notice of Default specifying such failure; or 

(5) default in the payment of principal by the end of any applicable grace period or resulting in acceleration of other indebtedness of
the Company for borrowed money where the aggregate principal amount with respect to which the default or acceleration has occurred exceeds $25 million and such acceleration has not been rescinded or annulled or such indebtedness repaid within a
period of 30 days after receipt of a Notice of Default, provided that if any such default is cured, waived, rescinded or annulled, then the Event of Default by reason thereof would be deemed not to have occurred; or 

(6) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences as a debtor a voluntary case or proceeding; or 
 (B) consents to the entry of an order for relief against it in an involuntary case or proceeding or the commencement of any case against it; or 

(C) consents to the appointment of a Receiver of it or for all or substantially all of its property; or 

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

(E) files a petition in bankruptcy or answer or consent seeking reorganization or relief; or 

(F) consents to the filing of such a petition or the appointment of or taking possession by a Receiver; or 

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

(A) grants relief against the Company in an involuntary case or proceeding or adjudicates the Company insolvent or bankrupt; 

(B) appoints a Receiver of the Company or for all or substantially all of the property of the Company; or 

(C) orders the winding up or liquidation of the Company; 
 and in each case the order or decree remains unstayed and in effect for 60 consecutive days. 

  
 A-8

 The term “Bankruptcy Law” means Title 11 of the United States Code (or any
successor thereto) or any similar federal or state law for the relief of debtors. The term “Receiver” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law. 

Notwithstanding the above, no Event of Default under clauses (4) or (5) above shall occur until the Trustee notifies the
Company in writing, or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding notify the Company and the Trustee in writing, of the Default (a “Notice of Default”), and the Company does not cure the
Default within the time specified in clause (4) or (5), as applicable, after receipt of such notice. 
 If an Event of
Default (other than an Event of Default specified in clauses (6) or (7) above) occurs and is continuing with respect to the Company, the Trustee may, by notice to the Company, or the Holders of at least 25% in aggregate principal amount of
the Securities then outstanding may, by notice to the Company and the Trustee, declare the principal amount and accrued and unpaid interest, if any, through the date of declaration on all the Securities to be immediately due and payable. Upon such a
declaration, such principal amount and such accrued and unpaid interest, if any, shall be due and payable immediately. If an Event of Default specified in clauses (6) or (7) occurs in respect of the Company and is continuing, the principal
amount and accrued but unpaid interest, 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 Holders of Securities. The Holders of a majority in
aggregate principal amount of the Securities then outstanding by notice to the Trustee may rescind an acceleration and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal of the Securities which
have become due solely by such declaration of acceleration, have been cured or waived; (b) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (c) all payments due to the Trustee and any
predecessor Trustee under the Indenture have been made. No such rescission shall affect any subsequent Default or impair any right consequent thereto. Holders may not enforce the Indenture or the Securities except as provided in the Indenture. The
Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then outstanding may direct the Trustee in its
exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default in payment of principal or interest) if and so long as it determines that withholding notice is in their interests. The Company
is required to file periodic certificates with the Trustee as to the Company’s compliance with the Indenture and knowledge or status of any Default. 
 16. TRUSTEE DEALINGS WITH THE COMPANY 
 Wells Fargo Bank, National Association,
the initial Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or an Affiliate of the Company, and may otherwise deal with the Company or an Affiliate of
the Company, as if it were not the Trustee. 

  
 A-9

 17. 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 nor for any claim based on, in
respect of or by reason of such obligations or their creation. The Holder of this Security by accepting this Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Security.

 18. AUTHENTICATION 

This Security shall not be valid until the Trustee or an authenticating agent manually signs the certificate of authentication on the
other side of this Security. 
 19. ABBREVIATIONS AND DEFINITIONS 
 Customary abbreviations may be used in the name of the Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian) and UGMA (= Uniform Gifts to Minors Act). 
 All terms defined in
the Indenture and used in this Security but not specifically defined herein are defined in the Indenture and are used herein as so defined. 

20. INDENTURE TO CONTROL; GOVERNING LAW 
 In the case of any conflict between the provisions of this Security and the Indenture, the provisions of the Indenture shall control. This Security and the Indenture shall be governed by, and construed in
accordance with, the laws of the State of New York. 

  
 A-10

 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: 
 I or we assign and transfer
this Security to 
  
  

(Insert assignee’s social security or tax I.D. number) 

 
  
  

 
  

 
 (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 or her. 
  

							
		 		 		 	Your Signature
				
	Date:	 	  
	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Security)
			
	* Signature guaranteed by:	 		 	
				
	By:	 	  
	 		 	

  

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

  
 A-11

 CONVERSION NOTICE 
 To convert this Security into Common Stock of the Company, check the box:  ̈ 
 To convert only part of this Security, state the principal amount to be converted (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 assignee’s social security or tax I.D. number) 

 
  
  

 
  

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

							
		 		 		 	Your Signature
				
	Date:	 	  
	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Security)
			
	* Signature guaranteed by:	 		 	
				
	By:	 	  
	 		 	

  

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

  
 A-12

 FUNDAMENTAL CHANGE REPURCHASE NOTICE 

To: Hutchinson Technology Incorporated 
 The undersigned registered owner of this Security hereby irrevocably acknowledges receipt of a notice from Hutchinson Technology Incorporated (the “Company”) as to the occurrence of a
Fundamental Change with respect to the Company and requests and instructs the Company to purchase the entire principal amount of this Security, or the portion thereof (which is $1,000 or an integral multiple thereof) below designated, in accordance
with the terms of the Security and the Indenture referred to in the Security at the Fundamental Change Repurchase Price, together with accrued and unpaid interest, to, but excluding, such date, to the registered Holder hereof. 

 

			
	Dated:	 	  

		 	Signature (s)
		
		 	Signature(s) must be guaranteed by a qualified guarantor institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities
Exchange Act of 1934.
		
		 	  

		 	Signature Guaranty

 Principal amount to be purchased (in an

 integral multiple of $1,000, if less than all): 

 
 NOTICE: The signature to the foregoing
Election must correspond to the Name as written upon the face of this Security in every particular, without any alteration or change whatsoever. 

  
 A-13

 OPTION TO ELECT PURCHASE 

ON SPECIFIED DATES 
 To:
Hutchinson Technology Incorporated 
 The undersigned hereby requests and instructs Hutchinson Technology Incorporated to
purchase the entire principal amount of this Security, or the portion thereof (which is $1,000 or an integral multiple thereof) below designated, on
                     in accordance with the terms of the Indenture referred to in this Security at the Put Right Purchase Price for the next
occurring Put Right Purchase Date to the registered Holder hereof. 
  

			
	Dated:	 	  

		 	Signature (s)
		
		 	Signature(s) must be guaranteed by a qualified guarantor institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities
Exchange Act of 1934.
		
		 	  

		 	Signature Guaranty

 Principal amount to be purchased (in an

 integral multiple of $1,000, if less than all): 

 
 NOTICE: The signature to the foregoing
Election must correspond to the Name as written upon the face of this Security in every particular, without any alteration or change whatsoever. 

  
 A-14

 SCHEDULE OF EXCHANGES OF SECURITIES 

The following exchanges, purchase, redemptions, purchases or conversions of a part of this Global Security have been made: 

 

													
	 Principal Amount of this
Global
Security
Following Such Decrease
Date of Exchange (or
Increase)
	 	Authorized Signatory of
Securities Custodian	 	 	Amount of Decrease in
Principal Amount of this
Global Security	 	 	Amount of Increase in
Principal Amount of this
Global Security	 
		 				 				 			
		 				 				 			
		 				 				 			
		 				 				 			

  
 A-15Exhibit 10.1

 Exhibit 10.1 
 FEDERAL DEPOSIT INSURANCE CORPORATION 
 WASHINGTON, D.C. 

AND 
 STATE OF
ILLINOIS 
 DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION 

DIVISION OF BANKING 
 SPRINGFIELD, ILLINOIS 
  

					
	 	  	)	  	
	In the Matter of	  	)	  	
		  	)	  	
	COMMUNITY BANK -	  	)	  	CONSENT ORDER
	        WHEATON/GLEN ELLYN	  	)	  	
	GLEN ELLYN, ILLINOIS	  	)	  	
		  	)	  	FDIC-10-713b
	(Illinois Chartered	  	)	  	2010-DB-102
	        Insured Nonmember Bank)	  	)	  	
	 	  	)	  	

 Community Bank-Wheaton/Glen Ellyn, Glen Ellyn, Illinois (“Bank”), having been
advised of its right to a NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices alleged to have been committed by the Bank, and of its right to a hearing on the charges under section 8(b) of the Federal Deposit
Insurance Act (“Act”), 12 U.S.C. § 1818(b), and under 38 Ill. Adm. Code, § 392 et seq., regarding hearings 

 
before the Illinois Department of Financial and Professional Regulation, Division of Banking, (“Division”), and having waived those rights, entered into a STIPULATION AND CONSENT
TO THE ISSUANCE OF A CONSENT ORDER (“STIPULATION”) with representatives of the Federal Deposit Insurance Corporation (“FDIC”) and the Division dated January 21, 2011, whereby, solely for the purpose of this
proceeding and without admitting or denying the charges of unsafe or unsound banking practices relating to Capital, Asset Quality, Earnings and Sensitivity to Market Risk, the Bank consented to the issuance of a CONSENT ORDER (“ORDER”)
by the FDIC and the Division. The FDIC and the Division considered the matter and determined to accept the STIPULATION. 

Having also determined that the requirements for issuance of an order under 12 U.S.C. § 1818(b) and Section 48(6), 205 ILCS
5/48(6), have been satisfied, the FDIC and the Division HEREBY ORDER that the Bank, its institution-affiliated parties, as that term is defined in section 3(u) of the Act, 12 U.S.C. § 1813(u), and its successors and assigns, take
affirmative action as follows: 
 MANAGEMENT 

1. (a) During the life of this ORDER the bank shall have and retain qualified management. Management shall be provided the necessary
written authority to implement the 

  
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provisions of this ORDER. Each member of management shall have the qualifications and experience commensurate with his or her duties and responsibilities at the Bank. The qualifications of
management shall be assessed on its ability to: 
  

	 	(i)	Comply with the requirements of this ORDER; 

  

	 	(ii)	Operate the Bank in a safe and sound manner; 

  

	 	(iii)	Comply with applicable laws, rules, and regulations; and 

  

	 	(iv)	Restore all aspects of the Bank to a safe and sound condition, including capital adequacy, asset quality, management effectiveness, earnings, liquidity, and sensitivity
to interest rate risk. 

 During the life of this ORDER, prior to the addition of any individual to the board of
directors or the employment of any individual as a senior executive officer, the Bank shall request and obtain the written approval of the Regional Director of the FDIC’s Chicago Regional Office (“Regional Director”) and the
Division. For purposes of this ORDER, “senior executive officer” is defined as in section 32 of the Act (“section 32”), 12 U.S.C. § 1831(i), and section 303.101(b) of the FDIC Rules and Regulations, 12 C.F.R.
§ 303.101(b). 

  
 3 

 BOARD PARTICIPATION 

2. (a) As of the effective date of this ORDER, the board of directors shall increase its participation in the affairs of the Bank,
assuming full responsibility for the approval of sound policies and objectives and for the supervision of all of the Bank’s activities, consistent with the role and expertise commonly expected for directors of Banks of comparable size. This
participation shall include meetings to be held no less frequently than monthly at which, at a minimum, the following areas shall be reviewed and approved: reports of income and expenses; new, overdue, renewal, insider, charged off, and recovered
loans; investment activity; adoption or modification of operating policies; individual committee reports; audit reports; internal control reviews including management responses; reconciliation of general ledger accounts; and compliance with this
ORDER. Board minutes shall document these reviews and approvals, including the names of any dissenting directors. 
 (b) Within sixty (60) days from the effective date of this ORDER, the Bank’s board of directors shall have in place a program that will provide for monitoring of the Bank’s compliance with
this ORDER. 

  
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 CAPITAL 

3. (a) Within one hundred twenty (120) days from the effective date of this ORDER the Bank shall have and maintain its level of Tier
1 capital as a percentage of its total assets (“capital ratio”) to a minimum of eight percent (8%) and its level of qualifying total capital as a percentage of risk-weighted assets (“total risk based capital
ratio”) at a minimum of twelve (12%). For purposes of this ORDER, Tier 1 capital and total assets shall be calculated in accordance with Part 325 of the FDIC Rules and Regulations (“Part 325”), 12 C.F.R. Part 325.

 (b) Any subsequent increase in Tier 1 capital may be accomplished by the following: 

 

	 	(i)	The sale of common stock and noncumulative perpetual preferred stock constituting Tier 1 capital under Part 325; 

 

	 	(ii)	 The elimination of all or part of the assets classified “Loss” in the Joint Report of Examination dated June 21, 2010 (“ROE”)
without loss or liability to the Bank, provided any such collection on a partially charged-off asset shall first be applied to that portion of the asset which was not charged off pursuant to

  
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this ORDER; 

  

	 	(iii)	The collection in cash of assets previously charged off; 

  

	 	(iv)	The direct contribution of cash by the directors and/or the shareholders of the Bank; 

 

	 	(v)	Any other means acceptable to the Division and Regional Director; or 

  

	 	(iv)	Any combination of the above means. 

 (c) If all or part of any subsequent increase in capital required by this paragraph is to be accomplished by the sale of new securities, the board of directors of the Bank shall adopt and implement a
plan for the sale of such additional securities, including the voting of any shares owned or proxies held by or controlled by them in favor of said plan. Should the implementation of the plan involve public distribution of Bank securities, including
a distribution limited only to the Bank’s existing shareholders, the Bank shall prepare detailed offering materials fully describing the securities being offered, including an accurate description of the financial condition of the Bank and the
circumstances giving rise to the offering, and other material disclosures necessary to comply with Federal securities laws. Prior to the 

  
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implementation of the plan and, in any event, not less than twenty (20) days prior to the dissemination of such materials, the materials used in the sale of the securities shall be submitted
to the FDIC Registration and Disclosure Section, 550 17th
Street, N.W., Washington, D.C. 20429 for its review. Any changes requested to be made in the materials by the FDIC shall be made prior to their dissemination. 
 (d) In complying with the provisions of this paragraph, the Bank shall provide to any subscriber and/or purchaser of Bank securities written notice of any planned or existing development or other changes
which are materially different from the information reflected in any offering materials used in connection with the sale of Bank securities. The written notice required by this paragraph shall be furnished within ten (10) calendar days of the
date any material development or change was planned or occurred, which is earlier, and shall be furnished to every purchaser and/or subscriber of the Bank’s original offering materials. 

ALLOWANCE FOR LOAN AND LEASE LOSSES 
 4. (a) Within thirty (30) days of the effective date of this ORDER, the Bank shall increase its Allowance for Loan and Lease Losses (“ALLL”) to $4,728,000 after application of the
funds necessary to effect the charge-off of loans adversely 

  
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classified Loss in the ROE. 
 (b) After the effective date
of this ORDER and prior to the submission of all Reports of Condition and Income required by the FDIC, the Board of Directors of the Bank shall review the adequacy of the Bank’s ALLL, provide for an adequate ALLL, and accurately report the
same. The minutes of the Board meeting at which such review is undertaken shall indicate the findings of the review, the amount of increase in the ALLL recommended, if any, and the basis for determination of the amount of ALLL provided. In making
these determinations, the Board shall consider the FFIEC Instructions for the Reports of Condition and Income, fully address the comments in the ROE concerning ALLL methodology, and any analysis of the Bank’s ALLL provided by the FDIC or the
Division. 
 (c) The bank shall ensure that the methodology used to determine the adequacy of the ALLL fully
complies with all current outstanding regulatory guidance, including FASB ASC Subtopic 450-10 and FASB ASC Subtopic 310-10 (which now supersedes prior FAS 5 and FAS 114 guidance), and the FDIC’s Policy Statement on Allowance for Loan and Lease
Losses Methodologies and Documentation for Banks and Savings Institutions. 
 (d) ALLL entries required by this
paragraph shall be made prior to any capital determinations required by this ORDER. 

  
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 PROFIT PLAN AND BUDGET 

5. (a) Within thirty (30) days from the effective date of this ORDER, the Bank shall adopt, implement, and adhere to a written
profit plan and a realistic, comprehensive budget for all categories of income and expense for calendar year 2011. The plans required by this paragraph shall contain formal goals and strategies, consistent with sound banking practices, to reduce
discretionary expenses and to improve the Bank’s overall earnings, and shall contain a description of the operating assumptions that form the basis for major projected income and expense components. 

(b) The written profit plan shall address, at a minimum: 

 

	 	(i)	Realistic and comprehensive budgets; 

  

	 	(ii)	A budget review process to monitor the income and expenses of the Bank to compare actual figures with budgetary projections; 

 

	 	(iii)	Identification of major areas in, and means by which, earnings will be improved; and 

 

	 	(iv)	A description of the operating assumptions that form the basis for and adequately support major projected income and expense components. 

 

	 	(v)	a periodic salary and staffing review 

  
 9 

 (c) During each monthly meeting of the Bank’s board of directors
following completion of the profit plans and budgets required by this paragraph, the Bank’s board of directors shall evaluate the Bank’s actual performance in relation to the plan and budget, record the results of the evaluation, and note
any actions taken by the Bank in the minutes of the board of directors’ meeting at which such evaluation is undertaken. 
 (d) A written profit plan and budget shall be prepared thirty (30) days prior to the end of each calendar year for which this ORDER is in effect. 

(e) Copies of the plans and budgets required by this paragraph shall be submitted to the Regional Director and the
Division. 
 LOSS CHARGE-OFF 
 6 . As of the effective date of this Order the Bank shall charge off from its books and records any loan classified “Loss” in the ROE. 

REDUCTION OF DELINQUENCIES AND CLASSIFIED ASSETS 
 7. (a) Within thirty (30) days from the effective date of this ORDER, the Bank shall adopt, implement, and adhere to, a written plan to reduce the Bank’s risk position in each asset in
excess of $500,000 which is classified “Substandard” or “Doubtful” in the ROE. The plan shall include, but not be 

  
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limited to, provisions which: 
  

	 	(i)	Prohibit an extension of credit for the payment of interest, unless the Board provides, in writing, a detailed explanation of why the extension is in the best interest
of the Bank; 

  

	 	(ii)	Provide for review of the current financial condition of each delinquent or classified borrower, including a review of borrower cash flow and collateral value;

  

	 	(iii)	Delineate areas of responsibility for loan officers; 

  

	 	(iv)	Establish dollar levels and specific strategies to reduce delinquencies and classified assets within 6 and 12 months from the effective date of this ORDER; and

  

	 	(v)	Provide for the submission of monthly written progress reports to the Bank’s board of directors for review and notation in minutes of the meetings of the board of
directors. 

 (b) As used in this paragraph, “reduce” means to: (1) collect;
(2) charge off; (3) sell; or (4) improve the quality of such assets so as to warrant removal of any adverse 

  
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classification by the FDIC and the Division. 
 (c) A copy
of the plan required by this paragraph shall be submitted to the Regional Director and the Division. 
 (d) While
this ORDER remains in effect, the plan shall be revised to include assets which are adversely classified at any subsequent examinations. 
 PROHIBITION OF ADDITIONAL LOANS TO CLASSIFIED BORROWERS 
 8.
(a) As of the effective date of this ORDER, the Bank shall not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower who is already obligated in any manner to the Bank on any extensions of credit
(including any portion thereof) that has been charged off the books of the Bank or classified “Loss” in the ROE, so long as such credit remains uncollected, unless the Bank’s board of directors has adopted, prior to such extension of
credit, a detailed written statement giving the reasons why such extension of credit is in the best interests of the Bank, and the Regional Director has given written non-objection to the extension. A copy of the Board’s written statement shall
be signed by each director, forwarded to the Regional Director for approval, and incorporated in the minutes of the applicable board of directors’ meeting as subject to regulatory approval. If regulatory approval is granted, a copy of the
Regional Director’s written non-objection shall be placed in the 

  
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appropriate loan file. 
 (b) As of the effective date of
this ORDER, the Bank shall not extend, directly or indirectly, any additional credit to, or for the benefit of, any borrower whose loan or other credit has been classified “Substandard”, “Doubtful”, or is listed for Special
Mention in the ROE, and is uncollected unless the Bank’s board of directors has adopted, prior to such extension of credit, a detailed written statement giving the reasons why such extension of credit is in the best interest of the Bank. A copy
of the statement shall be signed by each Director, and incorporated in the minutes of the applicable board of directors’ meeting. A copy of the statement shall be placed in the appropriate loan file. 

DIVIDEND RESTRICTION 
 9. As of the effective date of this ORDER, the Bank shall not declare or pay any dividends without the prior written consent of the Regional Director and the Division. 

INTEREST RATE RISK 
 10. (a) Within sixty (60) days of the effective date of this ORDER, the Bank shall have procedures for managing the Bank’s sensitivity to interest rate risk. The procedures shall comply with the
Joint Agency Statement of Policy on Interest Rate Risk (June 26, 1996) and the FFIEC Advisory on Interest Rate Risk Management (January 20, 2 010). 

  
 13 

 (b) A copy of the policy revisions and procedures required by this paragraph
shall be submitted to the Regional Director and Division. 
 NOTIFICATION TO SHAREHOLDER 

11. Following the effective date of this ORDER, the Bank shall send to its shareholder a copy of this ORDER: (a) in conjunction with
the Bank’s next shareholder communication; or (b) in conjunction with its notice or proxy statement preceding the Bank’s next shareholder meeting. 
 PROGRESS REPORTS 
 12. Within thirty (30) days from the end of each
calendar quarter following the effective date of this ORDER, the Bank shall furnish to the Regional Director and the Division written progress reports signed by each member of the Bank’s board of directors, detailing the actions taken to secure
compliance with the ORDER and the results thereof. 
 CLOSING PARAGRAPHS 

The effective date of this ORDER shall be the date of issuance by the FDIC and the Division. 

The provisions of this ORDER shall be binding upon the Bank, its institution-affiliated parties, and any successors and assigns thereof.

 The provisions of this ORDER shall remain effective and enforceable except to the extent that, and until such time as,

  
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any provision has been modified, terminated, suspended, or set aside by the FDIC and the Division. 
 Pursuant to delegated authority. 
 Dated: January 21, 2011 

 

					
			
	/s/ M. Anthony Lowe	 		 	/s/ Jorge A. Solis
	M. Anthony Lowe	 		 	Jorge A. Solis
	Regional Director	 		 	Director
	Chicago Regional Office	 		 	Illinois Department of
	Federal Deposit Insurance	 		 	Financial and Professional
	Corporation	 		 	Regulation
		 		 	Division of Banking

  
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