Document:

Supplemental Indenture, dated June 5, 2009

 Exhibit 4.3 
 EXECUTION VERSION 
 MASTEC, INC. 
 TO 
 U.S. BANK NATIONAL ASSOCIATION, 
 As Trustee 
 GUARANTEED TO THE
EXTENT SET FORTH HEREIN BY THE GUARANTORS 
 NAMED HEREIN 
 FIRST SUPPLEMENTAL INDENTURE 
 Dated as of June 5, 2009 

to the 
 INDENTURE

 Dated as of June 5, 2009 
 4.00% SENIOR CONVERTIBLE NOTES DUE 2014 

 TABLE OF CONTENTS 
  

					
	 	  	 	 	 Page

	ARTICLE I
	
	DEFINITIONS
			
	Section 1.01.	  	Relation to Base Indenture	 	2
			
	Section 1.02.	  	Definitions	 	2
	
	ARTICLE II
	
	ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES
			
	Section 2.01.	  	Designation and Amount	 	7
			
	Section 2.02.	  	Form of Notes	 	7
			
	Section 2.03.	  	Date and Denomination of Notes; Payments of Interest	 	8
			
	Section 2.04.	  	Intentionally Omitted	 	9
			
	Section 2.05.	  	Intentionally Omitted	 	9
			
	Section 2.06.	  	Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary	 	9
			
	Section 2.07.	  	Additional Notes; Repurchases	 	9
			
	Section 2.08.	  	No Sinking Fund	 	10
			
	Section 2.09.	  	Ranking	 	10
	
	ARTICLE III
	
	REDEMPTION
			
	Section 3.01.	  	No Right to Redeem	 	10
	
	ARTICLE IV
	
	PARTICULAR COVENANTS OF THE COMPANY
			
	Section 4.01.	  	Payment of Principal and Interest	 	10
			
	Section 4.02.	  	Maintenance of Office or Agency for Conversion Agent	 	11

					
	Section 4.03.	  	Reports by Company	 	11
			
	Section 4.04.	  	Subsidiary Guarantors	 	12
			
	Section 4.05.	  	Exclusion of Certain Provisions From Base Indenture	 	12
	
	ARTICLE V
	
	DEFAULTS AND REMEDIES
			
	Section 5.01.	  	Events of Default	 	13
			
	Section 5.02.	  	Additional Interest	 	13
			
	Section 5.03.	  	Waiver of Past Defaults	 	14
			
	Section 5.04.	  	Article Five of Base Indenture	 	14
	
	ARTICLE VI
	
	SUPPLEMENTAL INDENTURES
			
	Section 6.01.	  	Supplemental Indentures Without Consent of Noteholders	 	14
			
	Section 6.02.	  	Modification and Amendment with Consent of Noteholders	 	15
			
	Section 6.03.	  	Effect of Supplemental Indentures	 	15
			
	Section 6.04.	  	Article Nine of Base Indenture	 	16
	
	ARTICLE VII
	
	CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE
			
	Section 7.01.	  	Consolidation, Merger and Sale of Assets	 	16
	
	ARTICLE VIII
	
	CONVERSION OF NOTES
			
	Section 8.01.	  	Conversion Privilege	 	16
			
	Section 8.02.	  	Conversion Procedures	 	18
			
	Section 8.03.	  	Payments Upon Conversion	 	19
			
	Section 8.04.	  	Adjustment of Conversion Rate	 	20
			
	Section 8.05.	  	Shares to be Fully Paid	 	27

  

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	Section 8.06.	  	Effect of Reclassification, Consolidation, Merger or Sale	 	28
			
	Section 8.07.	  	Intentionally Omitted	 	28
			
	Section 8.08.	  	Intentionally Omitted	 	28
			
	Section 8.09.	  	Notice to Holders Prior to Certain Actions	 	29
			
	Section 8.10.	  	Shareholder Rights Plans	 	29
	
	ARTICLE IX
	
	REPURCHASE OF NOTES AT OPTION OF HOLDERS
			
	Section 9.01.	  	Repurchase of Securities at Option of the Holder on Specified Dates	 	30
			
	Section 9.02.	  	Repurchase at Option of Holders Upon a Fundamental Change	 	30
			
	Section 9.03.	  	No Payment Following Acceleration of the Notes	 	33
			
	Section 9.04.	  	Compliance with Tender Offer Rules	 	34
	
	ARTICLE X
	
	MISCELLANEOUS PROVISIONS
			
	Section 10.01.	  	Ratification of Base Indenture	 	34
			
	Section 10.02.	  	Provisions Binding on Company’s Successors	 	34
			
	Section 10.03.	  	Official Acts by Successor Corporation	 	34
			
	Section 10.04.	  	Addresses for Notices, Etc	 	34
			
	Section 10.05.	  	Governing Law	 	35
			
	Section 10.06.	  	Non-Business Day	 	35
			
	Section 10.07.	  	Benefits of Indenture	 	35
			
	Section 10.08.	  	Table of Contents, Headings, Etc.	 	35
			
	Section 10.09.	  	Counterparts	 	35
			
	Section 10.10.	  	Trustee	 	35
			
	Section 10.11.	  	Further Instruments and Acts	 	35
			
	Section 10.12.	  	Waiver of Jury Trial	 	35

  

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	Section 10.13.	  	Force Majeure	 	36
			
	Section 10.14.	  	Calculations	 	36
	
	ARTICLE XI
	
	GUARANTEES
			
	Section 11.01.	  	Guarantee	 	36
			
	Section 11.02.	  	Limitation on Guarantor Liability	 	37
			
	Section 11.03.	  	Execution and Delivery of Guarantees	 	38
			
	Section 11.04.	  	Contribution	 	38
			
	Section 11.05.	  	Releases	 	38

  

			
	Schedule A	  	Additional Share Table
	Schedule B	  	List of Guarantors
	Exhibit A	  	Form of Notes
	Exhibit B	  	Form of Conversion Notice
	Exhibit C	  	Form of Fundamental Change Repurchase Notice
	Exhibit D	  	Form of Assignment and Transfer

  

 iv 

 FIRST SUPPLEMENTAL INDENTURE 
 4.00% Senior Convertible Notes due 2014 
 THIS FIRST SUPPLEMENTAL INDENTURE,
dated as of June 5, 2009 (this “Supplemental Indenture”), by and among MASTEC, INC., a Florida Corporation (the “Company”), the guarantors listed on Schedule B hereto, as such schedule may be amended
form time to time (collectively, the “Guarantors” and each, a “Guarantor”), and U.S. BANK NATIONAL ASSOCIATION, a national association, as Trustee hereunder (the “Trustee”). 
 RECITALS OF THE COMPANY: 
 WHEREAS,
the Company, the Guarantors and the Trustee have heretofore entered into an Indenture dated as of June 5, 2009 (the “Base Indenture” and, together with this Supplemental Indenture, the “Indenture”) providing
for (i) the issuance by the Company from time to time of its senior debt securities evidencing its unsecured and unsubordinated indebtedness, in an unlimited aggregate principal amount, in one or more series (collectively, the
“Securities” and each, a “Security”) and (ii) the guarantee of such Securities by the Guarantors (collectively, the “Guarantees” and each, a “Guarantee”); 
 WHEREAS, Section 901(7) of the Base Indenture provides for the Company, the Guarantors and the Trustee to enter into an indenture supplemental to
the Base Indenture to establish the form and terms of Securities of any series as provided by Sections 201 and 301 of the Base Indenture and the form and terms of Guarantees as provided by Sections 1701 and 301 of the Base Indenture, without
the consent of the Holders of any Securities; 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the issue of its
4.00% Senior Convertible Notes due 2014 (together with the Guarantees thereof, the “Notes”), initially in an aggregate principal amount not to exceed $100,000,000 (or $115,000,000 if the Underwriters exercise their option to
purchase additional Notes in full as set forth in the Underwriting Agreement); 
 WHEREAS, in order to provide the terms and conditions upon
which the Notes are to be authenticated, issued and delivered, the Board of Directors of the Company and each of the Guarantors has duly authorized the execution and delivery of this Supplemental Indenture; and 
 WHEREAS, the Notes, the certificate of authentication to be borne by the Notes, a form of assignment, a form of the Fundamental Change Repurchase Notice,
a form of conversion notice and certificate of assignment and transfer to be borne by the Notes are to be substantially in the forms hereinafter provided for; 
 WHEREAS, all acts and things necessary to make this Supplemental Indenture a valid agreement of each of the Company and the Guarantors according to its terms have been done and performed; and 
 WHEREAS, all acts and things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee as provided in the
Indenture and this Supplemental Indenture, the valid and binding obligations of the Company have been done and performed. 

 NOW THEREFORE, SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in consideration of the premises and of the covenants contained herein and in the Base Indenture, the Company, the Guarantors and the Trustee
covenant and agree, for the equal and proportionate benefit of all Holders of the Notes issued on or after the date of this Supplemental Indenture, as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01. Relation to Base Indenture The changes, modifications and supplements to the Base Indenture effected by this Supplemental
Indenture shall be applicable only with respect to, and shall only govern the terms of, the Notes, which may be issued from time to time, and shall not apply to any other Securities that may be issued under the Base Indenture unless a supplemental
indenture with respect to such other Securities specifically incorporates such changes, modifications and supplements. The provisions of this Supplemental Indenture shall supersede any corresponding or conflicting provisions and definitions in the
Base Indenture. 
 Section 1.02. Definitions For all purposes of this Supplemental Indenture, except as otherwise expressly
provided for or unless the context otherwise requires: 
 (a) Capitalized terms used but not defined herein shall have the
respective meanings assigned to them in the Base Indenture; 
 (b) Terms defined both herein and in the Base Indenture shall
have the meanings assigned to them herein; 
 (c) All references herein to Articles and Sections, unless otherwise specified,
refer to the corresponding Articles and Sections of this Supplemental Indenture; and 
 (d) All other terms used in this
Supplemental Indenture, which are defined in the Trust Indenture Act or which are by reference therein defined in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires) shall have the meanings
assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this Supplemental Indenture. The words “herein,” “hereof,” “hereunder,” and words of similar
import refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article Include the plural as well as the singular. 
 “Additional Interest” shall have the meaning specified in Section 5.02. 
 “Additional Notes” shall have the meaning specified in Section 2.07. 
  

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 “Additional Shares” shall have the meaning specified in Section 8.01(b).

 “Business Day” means any day, other than a Saturday or Sunday, or legal holidays on which banks in The City of New York
are not required or authorized by law or executive order to be closed. 
 “Close of Business” means 5:00 p.m. (New York
City time). 
 “Common Stock” means, subject to Section 8.06, shares of common stock of the Company, par value
$0.10 per share, at the date of this Supplemental Indenture or shares of any class or classes resulting from any reclassification or reclassifications thereof and that 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 that are not subject to redemption by the Company; provided that if at any time there shall be more than one such resulting class, the shares of
each such class then so issuable 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. 
 “Commission” means the U.S. Securities and Exchange Commission. 
 “Company” means the Person named as the “Company” in the first paragraph of this Supplemental Indenture until a successor
corporation shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Company” shall mean such successor corporation. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors who: 
 (a) was a member of the board of directors on the date of this Supplemental Indenture; or 
 (b) was nominated for election or elected to the Board of Directors with the approval of a majority of the Continuing Directors who were members of the Board of Directors at the time of the new director’s nomination or election.

 “Conversion Agent” shall mean the Trustee or any successor office or agency where the Notes may be surrendered for
exchange. 
 “Conversion Date” shall have the meaning specified in Section 8.02(b). 
 “Conversion Obligation” shall have the meaning specified in Section 8.01(a). 
 “Conversion Price” means as of any date $1,000 divided by the Conversion Rate as of such date. 
 “Conversion Notice” shall have the meaning specified in Section 8.02(b). 
 “Conversion Rate” shall have the meaning specified in Section 8.01(a). 
  

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 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in
global form, the person specified in the Base Indenture as the Depositary with respect to such Notes, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter,
“Depositary” shall mean or include such successor. 
 “Distributed Property” shall have the meaning
specified in Section 8.04(c). 
 “Effective Date” shall have the meaning specified in Section 8.01(b). 

“Event of Default” means, with respect to the Notes, any event specified in Section 5.01, continued for the period of time, if
any, and after the giving of notice, if any, therein designated. 
 “Ex-Dividend Date” means the first date upon which a
sale of the Common Stock does not automatically transfer the right to receive the relevant dividend from the seller of the Common Stock to its buyer. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 “Filing Failure” shall have the meaning specified in Section 5.02. 
 “Fundamental Change” will be deemed to have occurred when any of the following has occurred: 
 (a) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any
“person” becomes the “beneficial owner” (as these terms are defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act) of more than 50% of the Capital Stock of the Company that is at that time entitled to vote by the
holder thereof in the election of the Board of Directors (or comparable body); or 
 (b) the first day on which a majority of
the members of the Board of Directors are not Continuing Directors; 
 (c) the adoption of a plan relating to the liquidation
or dissolution of the Company; 
 (d) the consolidation or merger of the Company with or into any other Person, or the sale,
lease, transfer, conveyance or other disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company and those of its Subsidiaries taken as a whole to any “person” (as this term is used in
Section 13(d)(3) of the Exchange Act); other than: 
 (i) any transaction (x) that does not result in any
reclassification, conversion, exchange or cancellation of outstanding shares of Capital Stock of the Company; and (y) pursuant to which the holders of 50% or more of the total voting power of 

  

 4 

 
all shares of Capital Stock of the Company entitled to vote generally in elections of directors immediately prior to such transaction have the right to
exercise, directly or indirectly, 50% or more of the total voting power of all shares of Capital Stock of the Company entitled to vote generally in elections of directors of the continuing or surviving Person immediately after giving effect to such
transaction; or 
 (ii) any merger primarily for the purpose of changing the jurisdiction of incorporation of the Company and
resulting in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares of common stock of the surviving entity; 
 (e) the termination of trading of Common Stock, which will be deemed to have occurred if the Common Stock or other common stock into which the Notes are convertible is not listed on the New York Stock Exchange, the
NASDAQ Global Select Market or the NASDAQ Global Market. 
 Notwithstanding the foregoing, any transaction or event described above will not
constitute a Fundamental Change if, in connection with such transaction or event, or as a result therefrom, a transaction described in clauses (a), (d) or (e) above occurs (without regard to any exclusion in clauses (d)(i)(x) and
(y) thereunder) and at least 90% of the consideration paid for Common Stock (excluding cash payments for fractional shares, cash payments made pursuant to dissenters’ appraisal rights and cash dividends) consist of shares of common stock
(or depositary receipts in respect thereof) traded on any of the New York Stock Exchange, the NASDAQ Global Market or the NASDAQ Global Select Market (or any of their respective successors) (or will be so traded or quoted immediately following the
completion of the merger or consolidation or such other transaction) and, as a result of such transaction, the Notes become convertible under Section 8.06 hereof. 
 “Fundamental Change Company Notice” shall have the meaning specified in Section 9.02(b). 
 “Fundamental Change Repurchase Date” shall have the meaning specified in Section 9.02(a). 
 “Fundamental Change Repurchase Notice” shall have the meaning specified in Section 9.02(a). 
 “Fundamental Change Repurchase Price” shall have the meaning specified in Section 9.02(a). 
 “Global
Note” shall have the meaning specified in Section 2.06(e). 
 “Initial Notes” means the Notes issued on the
date of this Supplemental Indenture (and up to $15,000,000 aggregate principal amount of additional Notes if the Underwriters exercise their option as set forth in the Underwriting Agreement). 
  

 5 

 “interest” means, when used with reference to the Notes, any interest payable under the
terms of the Notes. 
 “Interest Payment Date” means June 15 and December 15 of each year, beginning on
December 15, 2009. 
 “Last Reported Sale Price” means, with respect to Common Stock or any other security for which a
Last Reported Sale Price must be determined, on any date, the closing sale price per share of Common Stock or unit of such other security (or, if no closing sale price is reported, the average of the last bid and last ask prices or, if more than one
in either case, the average of the average last bid and the average last ask prices) on such date as reported in composite transactions for the principal U.S. securities exchange on which Common Stock or such other security are traded. If the Common
Stock or such other security are not listed for trading on a United States national or regional securities exchange on the relevant date, the Last Reported Sale Price shall be the last quoted bid price per share of Common Stock or such other
security in the over-the-counter market on the relevant date, as reported by Pink OTC Markets Inc. or a similar organization. If the Common Stock or such other security are not so quoted, the Last Reported Sale Price shall be the average of the
mid-point of the last bid and ask prices for the Common Stock or such other security on the relevant date from each of at least three nationally recognized independent investment banking firms selected from time to time by the Board of Directors of
the Company for that purpose. The Last Reported Sale Price shall be determined without reference to extended or after hours trading. 
 “Maturity Date” means June 15, 2014. 
 “Merger Event” shall have the meaning specified in
Section 8.06(a). 
 “Note” or “Notes” shall have the meaning specified in the third paragraph of the
recitals of this Supplemental Indenture, and shall include any Additional Notes issued pursuant to Section 2.07. 
 “Noteholder” or “Holder” or “holder,” as applied to any Note, or other similar terms (but excluding the term “beneficial holder”), means any person in whose name at the time a
particular Note is registered on the Security Register. 
 “Opening of Business” means 9:00 a.m. (New York City time).

 “Record Date,” with respect to the payment of interest on any Interest Payment Date, shall have the meaning specified in
Section 2.03. 
 “Reference Property” shall have the meaning specified in Section 8.06(a). 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 
 “Spin-Off” shall have the meaning specified in Section 8.04(c). 
  

 6 

 “Stock Price” means the price paid per share of Common Stock in connection with a
Fundamental Change pursuant to which Additional Shares shall be added to the Conversion Rate as set forth in Section 8.01(b) hereof. If holders of Common Stock receive only cash in such Fundamental Change transaction, then the Stock Price shall
be the cash amount paid per share. Otherwise, the Stock Price shall be equal to the average of the Last Reported Sale Prices of the Common Stock over the five consecutive Trading Day period ending on the Trading Day immediately preceding the
Effective Date of the Fundamental Change. 
 “Trading Day” means a day during which (i) trading in Common Stock
generally occurs and (ii) a Last Reported Sale Price for Common Stock (other than a Last Reported Sale Price referred to in the next to last sentence of such definition) is available for such day; provided that if shares of Common Stock
are not admitted for trading or quotation on or by any exchange, bureau or other organization referred to in the definition of Last Reported Sale Price (excluding the next to last sentence of that definition), Trading Day shall mean any Business
Day. 
 “Trigger Event” shall have the meaning specified in Section 8.04(c). 
 “Underwriters” means Morgan Stanley & Co. Incorporated and FBR Capital Markets & Co. 
 “Underwriting Agreement” means that certain Underwriting Agreement relating to the Notes, dated June 1, 2009, among the Company,
the Guarantors and the Underwriters. 
 “Wholly Owned Domestic Subsidiary” means, with respect to any Person, any
corporation or other entity which is not a controlled foreign corporation under Section 957 of the Internal Revenue Code of which 100% of (i) the voting power of the voting equity securities or (ii) the outstanding equity interests of
which are owned, directly or indirectly, by such Person. For the purposes of this definition, “voting equity securities” means equity securities having voting power for the election of directors, whether at all times or only so long as no
senior class of security has such voting power by reason of any contingency. 
 ARTICLE II 
 ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES 
 Section 2.01. Designation and Amount The Notes shall be designated as the “4.00% Senior Convertible Notes due 2014.” The aggregate principal amount of Notes that may be authenticated and
delivered under this Supplemental Indenture is initially limited to $100,000,000 (or $115,000,000 if the Underwriters exercise their option to purchase additional Notes in full as set forth in the Underwriting Agreement), subject to
Section 2.07 and except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of other Notes pursuant to Section 2.06, Section 8.02 and Section 9.02 hereof and Section 306 of
the Base Indenture. 
 Section 2.02. Form of Notes The Notes and the Trustee’s certificate of authentication to be borne by
such Notes shall be substantially in the form set forth in Exhibit A hereto. 
  

 7 

 Any of the Notes may have such letters, numbers or other marks of identification and such notations,
legends or endorsements as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Supplemental Indenture, or as may be required by the
Depositary, as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed or designated for
issuance, or to conform to usage or to indicate any special limitations or restrictions to which any particular Notes are subject. 
 A
Global Note shall represent such principal amount of the Outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate principal amount of Outstanding Notes from time to time endorsed thereon and that the
aggregate principal amount of Outstanding Notes represented thereby may from time to time be increased or reduced to reflect repurchases, conversions, transfers or exchanges permitted hereby. Any endorsement of a Global Note to reflect the amount of
any increase or decrease in the amount of Outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in such manner and upon instructions given by the Holder of such Notes in accordance with
this Supplemental Indenture. Payment of principal and accrued and unpaid interest on a Global Note shall be made to the Holder of such Note on the date of payment, unless a Record Date or other means of determining Holders eligible to receive
payment is provided for herein. 
 The terms and provisions contained in the form of Note attached as Exhibit A hereto are incorporated
herein and shall constitute, and are hereby expressly made, a part of this Supplemental Indenture and to the extent applicable, the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such
terms and provisions and to be bound thereby. 
 Section 2.03. Date and Denomination of Notes; Payments of Interest The Notes
shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face
of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 The Person in whose name any Note (or its Predecessor Security) is registered on the Security Register at the Close of Business on any Record Date with respect to any Interest Payment Date shall be entitled to receive
the accrued and unpaid interest payable on such Interest Payment Date, subject to Section 4.01(b) hereof. Interest shall be payable at the office of the Company maintained by the Company for such purposes in the Borough of Manhattan, City of
New York, which shall initially be an office or agency of the Trustee. The Company shall pay interest (i) on any Notes in certificated form by check mailed to the address of the Person entitled thereto as it appears in the Security Register (or
upon written application by such Person to the Security Registrar not later than the relevant Record Date, by wire transfer in immediately available funds to such Person’s account within the United States, if such Person is entitled to interest
on an aggregate principal in excess of $2,000,000) or (ii) on any Global Note by wire transfer of immediately available funds to the account of the Depositary or its nominee. The term “Record Date” with respect to any Interest
Payment Date shall mean the June 1 or December 1 preceding the applicable June 15 or December 15 Interest Payment Date, respectively. 
  

 8 

 Section 2.04. Intentionally Omitted 
 Section 2.05. Intentionally Omitted 
 Section 2.06. Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary 
 (a)
Intentionally Omitted. 
 (b) Intentionally Omitted. 
 (c) Intentionally Omitted. 
 (d) The
Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this instrument or under applicable law with respect to any transfer of any interest in any Note other than to
require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this instrument, and to examine the same to determine substantial compliance as to
form with the express requirements hereof. 
 (e) So long as the Notes are eligible for book-entry settlement with the Depositary, unless
otherwise required by law, all Notes shall be represented by one or more Notes in global form (each, a “Global Note”) registered in the name of the Depositary or the nominee of the Depositary. The transfer and exchange of
beneficial interests in a Global Note, which does not involve the issuance of a definitive Note, shall be effected through the Depositary (but not the Trustee or the Custodian) in accordance with this Supplemental Indenture (including the
restrictions on transfer set forth herein) and the procedures of the Depositary therefor. 
 Section 2.07. Additional Notes;
Repurchases The Company may, without the consent of the Noteholders and notwithstanding Section 2.01, increase the principal amount of the Notes by issuing additional Notes (“Additional Notes”) of the same series as the
Initial Notes in the future in an unlimited aggregate principal amount on the same terms and conditions, except for any differences in the issue price and interest accrued prior to the issue date of the Additional Notes and, at the option of the
Company, the first payment of interest following the issue date of such Additional Notes; provided that such differences do not cause the Additional Notes to constitute a different class of securities than the Notes for U.S. federal income
tax purposes; provided further, that the Additional Notes have the same CUSIP number as the Initial Notes; and provided further, however, that the Additional Notes may have a different CUSIP number on a temporary basis if necessary to
comply with applicable U.S. securities laws. The Notes and any Additional Notes shall rank equally and ratably and shall be treated as a single class for all purposes under the Base Indenture and this Supplemental Indenture including, without
limitation, for purposes of any waivers, supplements or amendments to the Indenture requiring the approval of Holders of the Notes and any offers to purchase the Notes. All provisions of the Indenture shall be construed and interpreted to permit the
issuance of such Additional Notes and to allow such Additional Notes to become fungible and interchangeable with the Initial Notes issued under the Indenture. No Additional Notes may be issued if an Event of Default has occurred with respect to the
Notes and is continuing. 
  

 9 

 Section 2.08. No Sinking Fund The provisions of Article Twelve of the Base Indenture
shall not be applicable to the Notes. No sinking fund is provided for the Notes. 
 Section 2.09. Ranking The Notes constitute a
senior general unsecured obligation of the Company, ranking equally in right of payment with all of the existing and future senior indebtedness of the Company and ranking senior in right of payment to any future indebtedness of the Company that is
expressly made subordinate to the Notes by the terms of such indebtedness. 
 ARTICLE III 
 REDEMPTION 
 Section 3.01. No
Right to Redeem The provisions of Article Eleven of the Base Indenture shall not be applicable to the Notes. The Notes shall not be redeemable before their Stated Maturity at the option of the Company. 
 ARTICLE IV 
 PARTICULAR COVENANTS OF
THE COMPANY 
 Section 4.01. Payment of Principal and Interest 
 (a) Section 307, Section 1001 and Section 1003 of the Base Indenture shall apply to the Notes, subject to Section 8.03 hereof;
provided, however, that, with respect to any Noteholder with an aggregate principal amount in excess of $2,000,000, at the application of such Holder in writing to the Security Registrar not later than the relevant Record Date, accrued
and unpaid interest on such Holder’s Notes shall be paid on the corresponding Interest Payment Date by wire transfer in immediately available funds to such Holder’s account in the United States supplied by such Holder from time to time to
the Trustee and Paying Agent (if different from Trustee); provided further that payment of accrued and unpaid interest made to the Depositary shall be paid by wire transfer in immediately available funds in accordance with such wire transfer
instructions and other procedures provided by the Depositary from time to time. 
 (b) Except as otherwise provided in this
Section 4.01, a Holder of any Notes at 5:00 p.m. New York City time, on a Record Date shall be entitled to receive interest on such Notes on the corresponding Interest Payment Date. A Holder of any Notes as of a Record Date that are
converted after 5:00 p.m. New York City time on such Record Date and prior to the Opening of Business on the corresponding Interest Payment Date shall be entitled to receive accrued and unpaid interest on the principal amount of such Notes,
notwithstanding the conversion of such Notes prior to such Interest Payment Date. However, a Holder that surrenders any Notes for conversion after 5:00 p.m. New York City time on a Record Date and prior to the Opening of Business on the
corresponding Interest Payment Date shall be required to pay the Company an amount equal to the accrued and unpaid interest payable by the Company with respect to such Notes on such Interest Payment Date at the time such Holder surrenders such Notes
for conversion, provided, however, that this sentence shall not apply to a Holder that converts Notes: 
 (i) to
the extent of any overdue interest, if any overdue interest exists at the time of conversion with respect to such Notes; 
  

 10 

 (ii) in connection with a Fundamental Change in which the Company has specified a
Fundamental Change Repurchase Date that is after a Record Date and on or prior to the next Interest Payment Date; or 
 (iii)
after 5:00 p.m., New York City time on the Record Date immediately preceding the Maturity Date. 
 Accordingly, a Holder that converts Notes under any
of the circumstances described in clauses (i), (ii) or (iii) above will not be required to pay to the Company an amount equal to the accrued and unpaid interest payable by the Company with respect to such Notes on the relevant
Interest Payment Date. 
 (c) Notwithstanding anything to the contrary in the Indenture, the Company may pay accrued and unpaid interest
(including Additional Interest, if any) to a Person other than the Holder of record on the Record Date immediately prior to the Maturity Date. On the Maturity Date, the Company shall pay accrued and unpaid interest only to the Person to whom the
Company pays the principal amount of the Notes. 
 Section 4.02. Maintenance of Office or Agency for Conversion Agent If at any
time the Conversion Agent is not the Trustee or an office or agency designated or appointed by the Trustee, the Company will give prompt written notice to the Trustee of the location of such Conversion Agent. If at any time the Company shall fail to
maintain an office or agency for the Conversion Agent, presentations, surrenders, notices and demands related to conversions of Notes may be made or served at the Corporate Trust Office or the office or agency of the Trustee in the Borough of
Manhattan, the City of New York. 
 Section 4.03. Reports by Company 
 (a) The provisions of Section 1005 of the Base Indenture shall not be applicable to the Notes. 
 (b) The Company shall deliver to the Trustee copies of the annual reports and of the information, documents and other reports (or copies of such portions
of any of the foregoing as the Commission may by rules and regulations prescribe) that it is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act with the Trustee within 15 days after the Company is required
to file such reports, information and documents with the Commission. All required reports, information and documents referred to in this Section 4.03(b) shall be deemed to be delivered to the Trustee at the time such reports, information and
documents are publicly filed with the Commission via the Commission’s EDGAR and/or IDEA filing system (or any successor system). 
  

 11 

 (c) Delivery of such reports, information and documents to the Trustee is for informational purposes
only, and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to conclusively rely exclusively on an Officers’ Certificate). Notwithstanding anything to the contrary in this Section 4.03, the Company, to the extent permitted under the Trust Indenture
Act, shall not be required to deliver to the Trustee or the Holders any material for which the Company has sought and received confidential treatment by the Commission. 
 Section 4.04. Subsidiary Guarantors 
 (a) The Company shall cause each Wholly Owned Domestic
Subsidiary that guarantees any unsecured indebtedness of the Company (“Guaranteed Indebtedness”) to, within 10 Business Days of becoming a guarantor of such Guaranteed Indebtedness (a) execute and deliver a supplemental
indenture to the Base Indenture providing for a Guarantee of payment of the Notes by such Wholly Owned Domestic Subsidiary, and (b) waive, and not in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement,
indemnity or subrogation or any other rights against the Company or any other Subsidiary as a result of any payment by such Subsidiary under its Guarantee until the Notes have been paid in full. 
 (b) After the execution of a supplemental indenture pursuant to this Section 4.04, such new Wholly Owned Domestic Subsidiary party thereto shall be
a Guarantor of the Notes for all purposes of this Indenture. 
 (c) If the Guaranteed Indebtedness is (A) pari passu in right of
payment with the Notes or any Guarantee, than the guarantee of such Guaranteed Indebtedness shall be pari passu in right of payment with, or subordinated to, the Guarantee of the Notes or (B) subordinated in right of payment to the Notes
or any Guarantee, then the guarantee of such Guaranteed Indebtedness shall be subordinated in right of payment to the Guarantee of the Notes at least to the extent that the Guaranteed Indebtedness is subordinated to the Notes or the Guarantee.

 (d) Notwithstanding the foregoing, any Guarantee of the Notes pursuant to this Section 4.04 shall be automatically and
unconditionally released and discharged in accordance with Section 11.05 hereof. 
 Section 4.05. Exclusion of Certain
Provisions From Base Indenture Article Fourteen of the Base Indenture shall not apply to the Notes. 
  

 12 

 ARTICLE V 
 DEFAULTS AND REMEDIES 
 Section 5.01. Events of Default The provisions of
Section 501(1), Section 501(2) and Section 501(3) of the Base Indenture shall not be applicable to the Notes. As contemplated under Section 301 and Section 501(9) of the Base Indenture, the following events, in addition to
the events described in clauses (4), (5), (6), (7) and (8) of the Base Indenture, shall be Events of Default with respect to the Notes: 
 (a) failure by the Company to pay any interest (including Additional Interest, if any) on the Notes when due and such failure continues for a period of 30 calendar days; 
 (b) failure by the Company to pay principal of the Notes when due at the Maturity Date, or failure by the Company to pay the repurchase
price payable, in respect of any Notes when due; 
 (c) failure by the Company to deliver shares of Common Stock upon the
conversion of any Notes and such failure continues for five calendar days following the scheduled settlement date for such conversion; 
 (d) failure by the Company for a period of five calendar days to issue a Fundamental Change Company Notice in accordance with Section 9.02 when due; and 
 (e) any Guarantee provided by any Significant Subsidiary shall be held in any judicial proceeding to be unenforceable or invalid or shall
cease for any reason to be in full force and effect or any Guarantor, or any person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under any Guarantee. 
 The Company shall be required to notify the Trustee within five (5) Business Days of it becoming aware of the occurrence of any default under the
Indenture with respect to the Notes. 
 Section 5.02. Additional Interest 
 (a) Notwithstanding anything to the contrary in the Indenture, the failure by the Company to comply with Section 4.03, and for any failure to comply
with the requirements of Section 314(a)(1) of the Trust Indenture Act (each, a “Filing Failure”), will not constitute an Event of Default for the 365 days after the occurrence of such Filing Failure provided the Company pays
additional interest on the Notes (“Additional Interest”) at an annual rate equal to 0.50% of the principal amount of the Notes. In the event the Company does not elect to pay the Additional Interest upon a Filing Failure in
accordance with this Section 5.02, such Filing Failure will constitute an Event of Default under the Indenture and the Notes will be subject to acceleration in accordance with Section 502 of the Base Indenture. The Additional Interest will
accrue on all Outstanding Notes from and including the date on which a Filing Failure first occurs to but not including the 365th day thereafter (or such earlier date on which the Filing Failure shall have been cured or waived). On such 365th day,
the Notes will be subject to acceleration in accordance with Section 502 of the Base Indenture if the Filing Failure is continuing. 
  

 13 

 (b) For the avoidance of doubt, this Section 5.02 will not affect the rights of Holders of Notes in
the event of the occurrence of any other Event of Default. 
 Section 5.03. Waiver of Past Defaults 
 Section 513 of the Base Indenture is deleted in its entirety and replaced with the following: 
 The Holders of not less than a majority in principal amount of the Notes outstanding may, on behalf of the Holders of all the Notes, consent to the
waiver of any past default or Event of Default under the Indenture and its consequences, except: 
  

	 	(1)	failure by the Company to pay principal of or interest (including Additional Interest, if any) on the Notes when due; 

  

	 	(2)	failure by the Company to deliver shares of Common Stock upon the conversion of any Notes; 

  

	 	(3)	failure by the Company to pay the Fundamental Change Repurchase Price on the Fundamental Change Repurchase Date in connection with a Holder of Notes exercising its repurchase rights
in accordance with the Indenture; or 

  

	 	(4)	failure of the Company to comply with a covenant or provision of the Indenture which under Article Nine cannot be modified or amended without the consent of the Holder of each
Outstanding Security of such series affected. 

 Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Indenture and the Notes; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 
 Section 5.04. Article Five of Base Indenture Except as amended, supplemented or modified by Sections 5.01 and 5.03 hereof, all of the
provisions of Article Five of the Base Indenture shall be applicable to the Notes. 
 ARTICLE VI 
 SUPPLEMENTAL INDENTURES 
 Section 6.01. Supplemental Indentures Without Consent of Noteholders 
 (a) Without the consent of any Holders of the
Notes, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture, in form satisfactory to the Trustee, for any of the
following purposes: 
  

	 	(1)	the purposes set forth in Clauses (1) through (9) and (11) to (13) of Section 901 of the Base Indenture; 

  

 14 

	 	(2)	to provide for conversion rights of Holders of Notes and the Company’s repurchase obligations in connection with a Fundamental Change in the event of any reclassification of
the Common Stock, merger or consolidation, or sale, conveyance, transfer or lease of the Company’s property and assets substantially as an entirety; 

  

	 	(3)	to conform the provisions of the Indenture to the “Description of Notes” section contained in the Company’s final prospectus supplement related to the Notes dated
June 2, 2009; and 

  

	 	(4)	to increase the Conversion Rate. 

 (b) Solely with respect
to the Notes, clause 901(10) of the Base Indenture is hereby deleted in its entirety and replaced with the following: 
 “(10) to
(a) cure any ambiguity or correct or supplement any inconsistent or otherwise defective provision contained in the Indenture or (b) make any provision with respect to matters or questions arising under this Indenture that the Company may
deem necessary or desirable and that shall not be inconsistent with provisions of the Indenture.” 
 Section 6.02. Modification
and Amendment with Consent of Noteholders 
 Section 902 of the Base Indenture shall be applicable to the Notes. In addition, as
contemplated by Sections 301 and 902 of the Base Indenture, no supplemental indenture shall, without the consent of the Holder of each Outstanding Note affected thereby: 
 (a) make any change that affects the right of any Holder to convert Notes into shares of the Company’s Common Stock or reduce the
number of shares of Common Stock receivable upon conversion pursuant to the terms of the Indenture; 
 (b) change the
Company’s obligation to repurchase any Notes upon a Fundamental Change in a manner adverse to the Holders after the occurrence of a Fundamental Change. 
 Section 6.03. Effect of Supplemental Indentures Upon the execution of any supplemental indenture under this Article, the Base Indenture and this Supplemental Indenture shall be modified in accordance
therewith, and such supplemental indenture shall form a part of the Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder and of any coupon appertaining thereto shall be bound thereby.

  

 15 

 Section 6.04. Article Nine of Base Indenture Except as amended by this Article VI, all
of the provisions of Article Nine of the Base Indenture shall be applicable to the Notes. 
 ARTICLE VII 
 CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE 
 Section 7.01. Consolidation, Merger and Sale of Assets. 
 Section 801 of the Base Indenture
is deleted in its entirety and replaced with the following: 
 Section 801. Consolidation, Merger and Sale of Assets. The Company will
not, in a single transaction or a series of related transactions, consolidate with or merge with or into any other Person, or sell, convey, transfer or lease its property and assets substantially as an entirety to another Person, unless: 

 

	 	(1)	either (a) the Company shall be the continuing corporation or (b) the resulting, surviving or transferee person (if other than the Company) shall be a corporation or
limited liability company organized and existing under the laws of the United States of America, any State thereof or the District of Columbia (the “Successor Company”), and such Successor Company shall expressly assume, by an
indenture supplemental to the Indenture in a form reasonably satisfactory to the Trustee, executed and delivered to the Trustee, and a supplemental agreement, all the obligations of the Company under the Notes and the Indenture;

  

	 	(2)	immediately after giving effect to such transaction, no default or Event of Default has occurred and is continuing; 

  

	 	(3)	if as a result of such transaction the Notes become convertible into common stock or other securities issued by a third party, such third party fully and unconditionally guarantees
all obligations of the Company or the Successor Company, as the case may be, under the Notes and the Indenture; and 

  

	 	(4)	the Company shall have delivered to the Trustee any Officers’ Certificate and Opinion of Counsel required by Section 803 of the Base Indenture. 

ARTICLE VIII 
 CONVERSION OF
NOTES 
 Section 8.01. Conversion Privilege 
 (a) Upon compliance with the provisions of this Article VIII, a Holder of Notes shall have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is $1,000
principal amount or an integral multiple thereof) of such 

  

 16 

 
Note at any time prior to the Close of Business on the scheduled Business Day immediately preceding the Maturity Date at a rate (the “Conversion
Rate”) of 63.4417 shares of Common Stock (subject to adjustment by the Company as provided in Section 8.04) per $1,000 principal amount of Notes (the “Conversion Obligation”). 
 (b) (1) If and only to the extent a Noteholder elects to convert Notes prior to the Maturity Date in connection with a transaction described in clause
(a) or (d) of the definition of Fundamental Change pursuant to which 10% or more of the consideration for the Common Stock (other than cash payments for fractional shares and cash payments made in respect of dissenters’ appraisal
rights) in such transaction consists of cash or securities (or other property) that are not shares of common stock traded or scheduled to be traded immediately following such transaction on a U.S. national securities exchange, then the Conversion
Rate applicable to each $1,000 principal amount of Notes so converted shall be increased by an additional number of shares of Common Stock (the “Additional Shares”) as described below. The Company shall notify Holders of the
anticipated effective date of a Fundamental Change meeting the conditions of this Section 8.01(b) at least 20 calendar days prior to the anticipated effective date of such Fundamental Change. Settlement of Notes tendered for conversion to which
Additional Shares shall be added to the Conversion Rate as provided in this subsection shall be settled pursuant to Section 8.02 below, as applicable. For purposes of this Section 8.01(b), a conversion of Notes shall be deemed to be
“in connection with” a Fundamental Change to the extent that the related conversion notice is received by the Conversion Agent following the effective date of the Fundamental Change but before the Close of Business on the Business Day
immediately preceding the related Fundamental Change Repurchase Date. Such conversion notice shall indicate that the Holder of Notes has elected to convert Notes in connection with a Fundamental Change; provided, however, that the
failure to so indicate shall not in any way affect the Conversion Obligation or the right of such Holder to receive Additional Shares in connection with such conversion. 
 (2) The number of Additional Shares by which the Conversion Rate will be increased shall be determined by reference to the table attached as Schedule A hereto, based on the date on which the Fundamental Change
occurs or becomes effective (the “Effective Date”), and the Stock Price; provided, that if the Stock Price is between two Stock Price amounts in the table attached as Schedule A hereto or the Effective Date is between two
Effective Dates in the table attached as Schedule A hereto, the number of Additional Shares shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Stock Price amounts and the
two dates, as applicable, based on a 360-day year; provided further that if (x) the Stock Price is in excess of $140.00 per share of Common Stock (subject to adjustment in the same manner as set forth in Section 8.04), no Additional
Shares will be added to the Conversion Rate, and (y) the Stock Price is less than $12.125 per share of Common Stock (subject to adjustment in the same manner as set forth in Section 8.04), no Additional Shares will be added to the
Conversion Rate. Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable upon conversion exceed 82.4742 per $1,000 principal amount of Notes (subject to adjustment in the same manner as set forth in
Section 8.04). 
  

 17 

 The number of Additional Shares within the table in Schedule A hereto shall be adjusted in the same
manner as and as of any date on which the Conversion Rate of the Notes is adjusted as set forth in Section 8.04 (other than by operation of an adjustment to the Conversion Rate by adding Additional Shares). The Stock Prices set forth in the
first row of the table attached as Schedule A hereto (i.e., the column headers) shall be simultaneously adjusted as of any date on which the Conversion Rate of the Notes is adjusted. The adjusted Stock Prices shall equal the Stock Prices
applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate in effect immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the
Conversion Rate as so adjusted. 
 Section 8.02. Conversion Procedures (a) Each Security shall be convertible at the office of
the Conversion Agent and, if applicable, in accordance with the procedures of the Depositary. 
 (b) In order to exercise the conversion
privilege with respect to any interest in a Global Note, the Holder must complete the appropriate instruction form for conversion pursuant to the Depositary’s book-entry conversion program, furnish appropriate endorsements and transfer
documents if required by the Company or the Conversion Agent, pay the funds, if any, required by Section 4.01(b) and all taxes or duties, if any, for which the Holder is responsible pursuant to Section 1605 of the Base Indenture, and the
Conversion Agent must be informed of the conversion in accordance with the customary practice of the Depositary. In order to exercise the conversion privilege with respect to any certificated Notes, the Holder of any such Notes to be converted, in
whole or in part, shall: 
 (i) complete and manually sign the conversion notice provided on the back of the Note and attached
hereto as Exhibit B (the “Conversion Notice”) or a facsimile of the Conversion Notice; 
 (ii) deliver the
completed Conversion Notice, which is irrevocable, and the Note to the Conversion Agent; 
 (iii) if required, furnish
appropriate endorsements and transfer documents; 
 (iv) if required, pay the funds required by Section 4.01(b); and

 (v) if required, pay all taxes or duties pursuant to Section 1605 of the Base Indenture. 
 The date on which the Holder satisfies all of the applicable requirements set forth in this Section 8.02(b) is the “Conversion
Date.” The Conversion Agent will, as promptly as possible, and in any event within two (2) Business Days of the receipt thereof, provide the Company with notice of any conversion by a Holder of the Securities. 
 (c) Each Conversion Notice shall state the name or names (with address or addresses) in which any certificate or certificates for shares of Common Stock
which shall be issuable upon such conversion shall be issued. All such Notes surrendered for conversion shall, unless the shares of Common Stock issuable upon conversion are to be issued in the same name as the registration of such Notes, be duly
endorsed by, or be accompanied by instruments of transfer in form satisfactory to the Company duly executed by, the Holder or his duly authorized attorney. 
  

 18 

 (d) In case any Notes of a denomination greater than $1,000 shall be surrendered for partial conversion,
the Company shall execute and the Trustee shall authenticate and deliver to the Holder of the Notes so surrendered, without charge, new Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the
surrendered Notes. 
 Each conversion shall be deemed to have been effected as to any such Notes (or portion thereof) surrendered for conversion immediately
prior to the Close of Business on the relevant Conversion Date. The person in whose name the certificate or certificates for the number of shares of Common Stock that shall be issuable upon such conversion shall become the holder of record of such
shares of Common Stock as of the Close of Business on such Conversion Date. Notwithstanding the foregoing and anything contained in this Supplemental Indenture to the contrary, in no event shall a Holder be entitled to the benefit of a Conversion
Rate adjustment pursuant to the provisions of Article VIII hereof in respect of Notes surrendered for conversion if, by virtue of being deemed the record holder of the shares of Common Stock issuable upon such conversion pursuant to the foregoing
sentence, such Holder participates, as a result of being such holder of record, in the transaction or event that would otherwise give rise to such Conversion Rate adjustment to the same extent and in the same manner as holders of shares of Common
Stock generally. 
 (e) Upon the conversion of an interest in Global Notes, the Trustee (or other Conversion Agent appointed by the Company)
shall make a notation on such Global Notes as to the reduction in the principal amount represented thereby. The Company shall notify the Trustee in writing of any conversions of Securities effected through any Conversion Agent other than the
Trustee. 
 (f) Notwithstanding the foregoing, a Note in respect of which a Holder has delivered a Fundamental Change Repurchase Notice
exercising such Holder’s option to require the Company to purchase such Note may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with Article IX hereof prior to the Close of Business on the
Fundamental Change Purchase Date. 
 Section 8.03. Payments Upon Conversion (a) Upon any conversion of any Notes, on the third
Business Day immediately following the Conversion Date, the Company shall deliver to the converting Holder a number of shares of Common Stock equal to (i) the aggregate principal amount of such Notes to be converted divided by $1,000,
multiplied by (ii) the Conversion Rate in effect as of such Conversion Date, together with any cash payment for any fractional share of Common Stock as described in this Section 8.03. 
 (b) [RESERVED] 
  

 19 

 (c) Notwithstanding anything to the contrary in the Indenture, upon the conversion of any Notes, the
Holder will not be entitled to receive any separate cash payment for accrued and unpaid interest (including Additional Interest), if any, except to the extent specified in Section 4.01. The Company’s delivery to the Holder of Common Stock
together with any cash payment for any fractional share of Common Stock into which a Note is convertible will be deemed to satisfy in full the Company’s obligation to pay the principal amount of the Notes so converted and accrued and unpaid
interest (including Additional Interest), if any, to, but not including, the Conversion Date. As a result, accrued and unpaid interest (including Additional Interest), if any, to, but not including, the Conversion Date will be deemed to be paid in
full rather than cancelled, extinguished or forfeited. 
 (d) The Company shall not issue fractional shares of Common Stock upon conversion
of Notes. If multiple Notes shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon conversion shall be computed on the basis of the aggregate principal amount of the Notes (or
specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of Common Stock would be issuable upon the conversion of any Notes, the Company shall make payment therefor in cash in lieu of fractional shares of
Common Stock based on the Last Reported Sale Price on the relevant Conversion Date. 
 Section 8.04. Adjustment of Conversion
Rate The Conversion Rate shall be adjusted from time to time by the Company as follows: 
 (a) If the Company issues
shares of Common Stock as a dividend or distribution on shares of Common Stock, or effects a share split or share combination, then the Conversion Rate shall be adjusted based on the following formula: 
 

 
  

					
	where	  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the record date for such dividend or distribution or the effective date of such share split or combination, as the
case may be;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the record date for such dividend or distribution or the effective date of such
share split or combination, as the case may be;
			
	OS0	 	=	  	the number of shares of Common Stock outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution or the
effective date of such share split or combination; and

  

 20 

					
			
	OS ́	 	=	  	the number of shares of Common Stock that would be outstanding immediately after giving effect to such dividend, distribution, share split or combination, as the case may be.

 Such adjustment shall become effective immediately prior to the Opening of Business on the record date for such
dividend or distribution or the effective date of such share split or combination, as the case may be. If any dividend or distribution of the type described in this Section 8.04(a) is declared but not so paid or made, or the outstanding shares
of Common Stock are not subdivided or combined, as the case may be, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution, or subdivide or combine the
outstanding shares of Common Stock, as the case may be, to the Conversion Rate that would then be in effect if such dividend, distribution, subdivision or combination had not been declared. 
 (b) In case the Company shall issue to all or substantially all holders of its Common Stock any rights or warrants (other than rights issued pursuant to
a shareholders’ rights plan) entitling them for a period of not more than 45 days from the issuance date for such distribution to subscribe for or purchase shares of Common Stock, at a price per share less than the Last Reported Sale Price of
the Common Stock on the Trading Day immediately preceding the declaration date of such distribution, then the Conversion Rate shall be adjusted based on the following formula: 
 

 
  

					
	where	  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the record date for such distribution;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the record date for such distribution;
			
	OS0	 	=	  	the number of shares of Common Stock outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such distribution;
			
	X	 	=	  	the total number of shares of Common Stock issuable pursuant to such rights or warrants; and
			
	Y	 	=	  	the number of shares of Common Stock equal to the aggregate price payable to exercise such rights or warrants, divided by the average of the Last Reported Sale Prices of Common Stock over the 10
consecutive Trading Day period ending on the Trading Day immediately preceding the record date for such distribution.

  

 21 

 Such adjustment shall be successively made whenever any such rights or warrants are issued and shall become effective
immediately prior to the Opening of Business on the record date for such distribution. If such rights or warrants are not so exercised prior to their expiration, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then
be in effect if such record date for such distribution had not been fixed. 
 In determining whether any rights or warrants entitle the
holder thereof to subscribe for or purchase shares of Common Stock at a price per share less than the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the declaration date of such distribution, and in determining
the aggregate offering price of such Common Stock, there shall be taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, where the value of such
consideration, if other than cash, shall be determined by the Board of Directors. 
 (c) In case the Company shall distribute shares of
Capital Stock, evidences of indebtedness or other assets or property to all or substantially all holders of its Common Stock (excluding dividends and distributions covered by Section 8.04(a), Section 8.04(b), Section 8.04(d), and
distributions described below in this Section 8.04(c) with respect to Spin-Offs (as defined below)) (any of such shares of Capital Stock, evidences of indebtedness or other asset or property hereinafter in this Section 8.04(c) called
the “Distributed Property”), then, in each such case the Conversion Rate shall be adjusted based on the following formula: 
 

 
  

					
	where	  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the record date for such distribution;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the record date for such distribution;
			
	SP0	 	=	  	the average of the Last Reported Sale Prices of the Common Stock over the ten consecutive Trading Day period ending on the Trading Day immediately preceding the record date for such
distribution; and
			
	FMV	 	=	  	the fair market value (as determined by the Board of Directors or a committee thereof) of the Distributed Property distributed with respect to each outstanding share of Common Stock as of the
Opening of Business on the record date for such distribution.

 Such adjustment shall become effective immediately prior to
the Opening of Business on the record date for shareholders entitled to receive such distribution; provided that (1) if the then fair market value (as so determined) of the portion of the Distributed Property so distributed applicable to one
share of Common Stock is equal to or greater than SP0 as set forth above or (2) if SP0
 exceeds the fair 

  

 22 

 
market value of the Distributed Property by less than $1.00, in lieu of the foregoing adjustment, adequate provision shall be made so that each Noteholder
shall have the right to receive, for each $1,000 principal amount of Notes upon conversion, the amount of Distributed Property such Holder would have received had such Holder converted such Notes immediately prior to the record date for determining
the shareholders of the Company entitled to receive the Distributed Property. If 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 Board of Directors determines the fair market value of any distribution for purposes of this Section 8.04(c) 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 determining SP0 above. 
 With respect to an adjustment pursuant to this Section 8.04(c) where there has been a payment of a dividend or other distribution on the Common
Stock in shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit of the Company that are listed on a national or regional securities exchange (a “Spin-Off”),
then the Conversion Rate will be increased based on the following formula: 
 

 
  

					
	where	 		  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the record date for the Spin-Off;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the record date for the Spin-Off;
			
	FMV	 	=	  	the average of the Last Reported Sale Prices of the Capital Stock or other similar equity interest distributed to holders of Common Stock applicable to one share of Common Stock over the first
ten consecutive Trading Day period immediately following, and including, the third Trading Day after the record date for such Spin-Off (such period, the “Valuation Period”); and
			
	MP0	 	=	  	the average of the Last Reported Sale Prices of Common Stock over the Valuation Period.

 Such adjustment shall occur immediately after the Opening of Business on the day after the last day of the
Valuation Period but will be given effect as of the Opening of Business on the record date for the Spin-Off; provided that in respect of any conversion within the ten Trading Days following any Spin-Off, references within this
Section 8.04(c) to ten Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed between such Spin-Off and the Conversion Date in determining the applicable Conversion Rate. Because the Company will make
the adjustment to the Conversion Rate at the end of the Valuation 

  

 23 

 
Period with retroactive effect, the Company will delay the settlement of any Notes where the final day of the related observation period occurs during the
Valuation Period. In such event, the Company will deliver shares of Common Stock (based on the adjusted Conversion Rate) on the third Business Day following the last day of the Valuation Period. 
 Rights or warrants distributed by the Company to all holders of Common Stock, entitling the holders thereof to subscribe for or purchase Capital Stock
(either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events (“Trigger Event”): (i) are deemed to be transferred with such Common Stock; (ii) are not
exercisable; and (iii) are also issued in respect of future issuances of Common Stock, shall be deemed not to have been distributed for purposes of this Section 8.04(c) (and no adjustment to the Conversion Rate under this
Section 8.04(c) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be
made under this Section 8.04(c). If any such right or warrant, including any such existing rights or warrants distributed prior to the date of this Supplemental Indenture, are subject to events, upon the occurrence of which such rights or
warrants become exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and record date with respect to new
rights or warrants with such rights (and a termination or expiration of the existing rights or warrants without exercise by any of the holders thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or
any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted for purposes of calculating a distribution amount for which an adjustment to the Conversion Rate under this Section 8.04
was made, (1) in the case of any such rights or warrants that shall all have been redeemed or repurchased without exercise by any holders thereof, the Conversion Rate shall be readjusted upon such final redemption or repurchase to give effect
to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or repurchase price received by a holder or holders of Common Stock with respect to such rights or warrants (assuming
such holder had retained such rights or warrants), made to all holders of Common Stock as of the date of such redemption or repurchase, and (2) in the case of such rights or warrants that shall have expired or been terminated without exercise
by any holders thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not been issued. 
 For purposes of this
Section 8.04(c) and Section 8.04(a) and Section 8.04(b), any dividend or distribution to which this Section 8.04(c) is applicable that also includes a dividend or distribution of Common Stock to which Section 8.04(a) applies
or a dividend or distribution of rights or warrants to subscribe for or purchase Common Stock to which Section 8.04(a) or Section 8.04(b) applies (or both), shall be deemed instead to be (1) a dividend or distribution of the evidences
of indebtedness, assets or shares of Capital Stock other than such Common Stock or rights or warrants to which this Section 8.04(c) applies, and any Conversion Rate adjustment required by this Section 8.04(c) with respect to such dividend
or distribution shall then be made, immediately followed by (2) a dividend or distribution of such Common Stock or such rights or warrants (and any further Conversion Rate adjustment required by Section 8.04(a) and Section 8.04(b)
with respect to such dividend or distribution shall then be made), except (A) the record date of 

  

 24 

 
such dividend or distribution shall be substituted as “the record date” and “the date fixed for such determination” within the meaning of
Section 8.04(a) and Section 8.04(b) and (B) any Common Stock included in such dividend or distribution shall not be deemed outstanding “at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend
Date for such dividend or distribution or the effective date of such share split or combination” within the meaning of Section 8.04(a) or “at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date
for such distribution” within the meaning of Section 8.04(b). 
 (d) In case the Company shall pay any cash dividends or
distributions paid exclusively in cash to all or substantially all holders of Common Stock (other than dividends or distributions to which Section 8.06 applies), then the Conversion Rate will be increased based on the following formula:

 

 
  

					
	where	  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the record date for such dividend or distribution;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the record date for such distribution;
			
	SP0	 	=	  	the average of the Last Reported Sale Prices of the Common Stock over the ten consecutive Trading Day period ending on the Trading Day immediately preceding the record date for such
distribution;
			
	C	 	=	  	the amount in cash per share that the Company distributes to holders of Common Stock.

 Such adjustment shall become effective immediately prior to the Opening of Business on the record date for such
dividend or distribution. 
 For the avoidance of doubt, for purposes of this Section 8.04(d), in the event of any reclassification of
the Common Stock, as a result of which the Notes become convertible into more than one class of Common Stock, if an adjustment to the Conversion Rate is required pursuant to this Section 8.04(d), references in this Section to one share of
Common Stock or Last Reported Sale Price of one share of Common Stock shall be deemed to refer to a unit or to the price of a unit consisting of the number of shares of each class of Common Stock into which the Notes are then convertible equal to
the number of shares of such class issued in respect of one share of Common Stock in such reclassification. The above provisions of this paragraph shall similarly apply to successive reclassifications. 
  

 25 

 (e) In case the Company or any of its Subsidiaries makes a payment in respect of a tender offer or
exchange offer for Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of Common Stock exceeds the Last Reported Sale Price of the Common Stock on the Trading Day next succeeding the last
date on which tenders or exchanges may be made pursuant to such tender or exchange offer, then the Conversion Rate shall be increased based on the following formula: 
 

 
  

					
	where	  	
			
	CR ́	 	=	  	the Conversion Rate in effect immediately prior to the Opening of Business on the Trading Day next succeeding the date such tender offer or exchange offer expires;
			
	CR0	 	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time on the day such tender offer or exchange offer expires;
			
	AC	 	=	  	the aggregate value of all cash and any other consideration (as determined by the Board of Directors or a committee thereof) paid or payable for shares purchased in such tender or exchange
offer;
			
	SP ́	 	=	  	the average of the Last Reported Sale Prices of Common Stock over the ten consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the date such tender or
exchange offer expires (the “Averaging Period”);
			
	OS ́	 	=	  	the number of shares of Common Stock outstanding immediately after the Close of Business on the date such tender or exchange offer expires (after giving effect to such tender offer or exchange
offer); and
			
	OS0	 	=	  	the number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer expires (prior to giving effect to such tender offer or exchange
offer).

 Such adjustment shall become effective immediately prior to the Opening of Business on the day following the last
day of the Averaging Period, but will be given effect as of the Opening of Business on the Trading Day next succeeding the date such tender offer or exchange offer expires. Because the Company will make the adjustment to the Conversion Rate at the
end of the Averaging Period with retroactive effect, the Company will delay the settlement of any Notes where the final day of the related observation period occurs during the Averaging Period. In such event, the Company will deliver shares of
Common Stock, if any, (based on the adjusted Conversion Rate) on the third Business Day immediately following the last day of the Averaging Period. 
  

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 (f) For purposes of this Section 8.04 the term “record date” shall mean, with
respect to any dividend, distribution or other transaction or event in which the holders of shares of Common Stock have the right to receive any cash, securities or other property or in which the shares of Common Stock (or other applicable security)
is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of shareholders of the Company entitled to receive such cash, securities or other property (whether such date is fixed by the
Board of Directors or by statute, contract or otherwise). 
 (g) All calculations and
other determinations under this Article VIII shall be made by the Company in accordance with Section 10.14 hereof and shall be made to the nearest cent or to the nearest one-ten thousandth ( 1/10,000) of a share, as the case may be. No adjustment shall be made for the Company’s issuance of Common Stock or any securities convertible into or exchangeable
for Common Stock, or the right to purchase Common Stock or such convertible or exchangeable securities, other than as provided in this Section 8.04. No adjustment shall be made to the Conversion Rate unless such adjustment would require a
change of at least 1% in the Conversion Rate then in effect at such time. The Company shall carry forward any adjustments that are less than 1% of the Conversion Rate, take such carried-forward adjustments into account in any subsequent adjustment,
and make such carried forward adjustments, regardless of whether the aggregate adjustment is less than 1%, (i) annually on the anniversary of the first date of issue of the Notes and otherwise (ii)(1) five Business Days prior to the first day
of the conversion period related to the Maturity of the Notes (whether at Stated Maturity or otherwise) or (2) prior to any Fundamental Change Repurchase Date, unless such adjustment has already been made. 
 (h) Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly file with the Trustee and any Conversion Agent other than the
Trustee an Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment. The Trustee and Conversion Agent may conclusively rely on the accuracy of the
Conversion Rate adjustment provided by the Company. Unless and until a Responsible Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate
and may assume without inquiry that the last Conversion Rate of which it has knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the
adjusted Conversion Rate and the date on which each adjustment becomes effective and shall issue a press release containing the relevant information and make the information available on the Company’s website or through another public medium as
the Company may use at such time. 
 (i) For purposes of this Section 8.04, the number of shares of Common Stock at any time outstanding
shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. 
 Section 8.05. Shares to be Fully Paid Subject to Section 8.03(d), the Company shall provide, free from preemptive rights, sufficient
Common Stock to provide for conversion of the Notes from time to time as such Notes are presented for conversion. 
  

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 Section 8.06. Effect of Reclassification, Consolidation, Merger or Sale

 (a) If the Company: 
 (i) reclassifies or changes its Common Stock (other than changes resulting from a subdivision or combination); or 
 (ii) consolidates or merges with or into any person or sells, leases, transfers, conveys or otherwise disposes of all or substantially all of its assets and those of its Subsidiaries taken as a whole to another Person; 
 and in either case holders of Common Stock receive stock, other securities or other property or assets (including cash or any combination thereof) with respect to or in
exchange for their Common Stock (any such event, a “Merger Event”), then from and after the effective date of such Merger Event, the Company or the successor or purchasing Person, as the case may be, shall execute with the Trustee a
supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture) providing that at and after the effective time of such Merger Event, each outstanding Note will, without the
consent of Holders of the Notes, become convertible in accordance with the Indenture into the consideration the holders of Common Stock received in such reclassification, change, consolidation, merger, sale, lease, transfer, conveyance or other
disposition (such consideration, the “Reference Property”). If the transaction causes the Common Stock to be converted into the right to receive more than a single type of consideration (determined based in part upon any form of
shareholder election), the Reference Property into which the Notes will become convertible will be deemed to be the kind and amount of consideration elected to be received by a majority of Common Stock which voted for such election (if electing
between two types of consideration) or a plurality of Common Stock which voted for such an election (if electing between more than two types of consideration), as the case may be. The Company shall not become a party to any such Merger Event unless
its terms are consistent with this Section 8.06 in all material respects. 
 (b) The Company shall cause notice of the execution of such
supplemental indenture to be mailed to each Holder, at the address of such Holder as it appears on the register of the Notes maintained by the Security Registrar, within 20 days after execution thereof. Failure to deliver such notice shall not
affect the legality or validity of such supplemental indenture. The above provisions of this Section 8.06 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances. If this
Section 8.06 applies to any Merger Event, Section 8.04 shall not apply. 
 Section 8.07. Intentionally Omitted

 Section 8.08. Intentionally Omitted 
  

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 Section 8.09. Notice to Holders Prior to Certain Actions 
 In case: 
 (a) the Company shall declare a
dividend (or any other distribution) on its Common Stock that would require an adjustment in the Conversion Rate pursuant to Section 8.04; or 
 (b) the Company shall authorize the granting to all of the holders of its Common Stock of rights or warrants to subscribe for or purchase any share of any class or any other rights or warrants; 
 (c) of any reclassification of Common Stock (other than a subdivision or combination of the outstanding Common Stock, or a change in par value, or from
par value to no par value, or from no par value to par value), or of any consolidation or merger to which the Company is a party and for which approval of any shareholders of the Company is required, or of the sale or transfer of all or
substantially all of the assets of the Company; or 
 (d) of the voluntary or involuntary dissolution, liquidation or winding-up of the
Company, 
 the Company shall cause to be filed with the Trustee and to be mailed to each Noteholder at his address appearing on the Security Register as
promptly as possible but in any event at least thirty (30) days prior to the applicable date specified in clause (x) or (y) below, as the case may be, a notice stating (x) the date on which a record is to be taken for the
purpose of such dividend, distribution or rights or warrants, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such dividend, distribution or rights are to be determined, or
(y) the date on which such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up is expected to become effective or occur, and the date as of which it is expected that holders of Common Stock of record
shall be entitled to convert their Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up. Failure to give such notice, or any defect
therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up. 
 Section 8.10. Shareholder Rights Plans To the extent that any future shareholders’ rights plan adopted by the Company is in effect upon
conversion of the Notes into Common Stock, Holders shall receive, in addition to any Common Stock issuable upon such conversion, the rights under the applicable rights agreement unless the rights have separated from the Common Stock at the time of
conversion of the Notes, in which case, the Conversion Rate will be adjusted as if the Company distributed to all holders of its Common Stock shares of its Capital Stock, evidences of indebtedness or assets as described in Section 8.03(c),
subject to readjustment in the event of the expiration, termination or redemption of such rights. If, and only if, the Holders receive rights under such shareholders’ rights plan as described in the preceding sentence upon conversion of their
Notes, then no other adjustment pursuant to this Article VIII shall be made in connection with such shareholders’ rights plan. 
  

 29 

 ARTICLE IX 
 REPURCHASE OF NOTES AT OPTION OF HOLDERS 
 Section 9.01. Repurchase of Securities at Option
of the Holder on Specified Dates The provisions of Article Thirteen of the Base Indenture shall not be applicable to the Notes. 
 Section 9.02. Repurchase at Option of Holders Upon a Fundamental Change 
 (a) If a Fundamental Change occurs at any
time prior to the Maturity Date, then each Noteholder shall have the right, at such Holder’s option, to require the Company to repurchase all of such Holder’s Notes or any portion thereof that is a multiple of $1,000 principal amount, for
cash on or after the Close of Business on the date (the “Fundamental Change Repurchase Date”) specified by the Company that is not less than twenty (20) calendar days and not more than thirty-five (35) calendar days after
the date of the Fundamental Change Company Notice (as defined below) at a repurchase price equal to 100% of the principal amount thereof, together with accrued and unpaid interest thereon (including Additional Interest, if any) to, but excluding,
the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”); provided, however, if the Fundamental Change Repurchase Date is after a Record Date and on or prior to the corresponding Interest Payment Date, the
accrued and unpaid interest (including Additional Interest, if any) will be paid on the Fundamental Change Repurchase Date to the Holder of record on the Record Date. 
 Repurchases of Notes under this Section 9.02 shall be made, at the option of the Holder thereof, upon: 
 (i) delivery to the Trustee (or other Paying Agent appointed by the Company) by a Holder of a duly completed notice (the “Fundamental Change Repurchase Notice”) in the form set forth on the reverse of
the Note at any time prior 5:00 p.m., New York City Time, on the Fundamental Change Repurchase Date; and 
 (ii) delivery
or book-entry transfer of the Notes to the Trustee (or other Paying Agent appointed by the Company) at any time after delivery of the Fundamental Change Repurchase Notice (together with all necessary endorsements) at the Corporate Trust Office of
the Trustee (or other Paying Agent appointed by the Company) in the Borough of Manhattan, such delivery being a condition to receipt by the Holder of the Fundamental Change Repurchase Price therefor; provided that such Fundamental Change
Repurchase Price shall be so paid pursuant to this Section 9.02 only if the Note so delivered to the Trustee (or other Paying Agent appointed by the Company) shall conform in all respects to the description thereof in the related Fundamental
Change Repurchase Notice. 
 The Fundamental Change Repurchase Notice shall state: 
 (A) if certificated, the certificate numbers of Notes to be delivered for repurchase; 
  

 30 

 (B) the portion of the principal amount of Notes to be repurchased, which must be $1,000
or an integral multiple thereof; 
 (C) that the Notes are to be repurchased by the Company pursuant to the applicable
provisions of the Notes and the Indenture; and 
 (D) if such Fundamental Change Repurchase Notice is delivered prior to the
occurrence of a Fundamental Change pursuant to a definitive agreement giving rise to a Fundamental Change, that the Holder acknowledges that the Company’s offer is conditioned on the occurrence of such Fundamental Change. 
 provided, however, that if the Notes are not in certificated form, the Fundamental Change Repurchase Notice must comply with appropriate procedures of the
Depositary. 
 Any repurchase by the Company contemplated pursuant to the provisions of this Section 9.02 shall be consummated by the
delivery of the consideration to be received by the Holder promptly following the later of the Fundamental Change Repurchase Date and the time of the book-entry transfer or delivery of the Note. 
 The Trustee (or other Paying Agent appointed by the Company) shall promptly notify the Company of the receipt by it of any Fundamental Change Repurchase
Notice or written notice of withdrawal thereof in accordance with the provisions of Section 9.02(c). 
 Any Note that is to be
repurchased only in part shall be surrendered to the Trustee (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by the Holder
thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and make available for delivery to the Holder of such Note without service charge, a new Note or Notes, containing identical terms
and conditions, each in an authorized denomination in aggregate principal amount equal to and in exchange for the unrepurchased portion of the principal of the Note so surrendered. 
 (b) At any time following the Company entering into a definitive agreement that, if consummated,
would give rise to a Fundamental Change, but in any event not later than the fifth (5th) calendar day after the occurrence of a Fundamental
Change, the Company shall provide to all Holders of record of the Notes as of the date of the Fundamental Change Company Notice at their addresses shown in the Security Register (and to beneficial owners to the extent required by applicable law) and
the Trustee and Paying Agent a written notice (the “Fundamental Change Company Notice”) of the occurrence of such Fundamental Change and of the repurchase right at the option of the Holders arising as a result thereof. Such mailing
shall be by first class mail. Simultaneously with providing such Fundamental Change Company Notice, the Company shall publish a notice containing the information included therein once in a newspaper of general circulation in The City of New York or
publish such information on the Company’s website or through such other public medium as the Company may use at such time. 
  

 31 

 Each Fundamental Change Company Notice shall specify: 
 (i) the events causing the Fundamental Change; 
 (ii) the date of the Fundamental Change; 
 (iii) if such Fundamental Change Company Notice is delivered prior to the occurrence of a Fundamental Change pursuant to a definitive agreement giving rise to a Fundamental Change, that the offer is conditioned on the
occurrence of such Fundamental Change; 
 (iv) that the Holder must exercise the repurchase right prior to the Close of
Business on the Fundamental Change Repurchase Date; 
 (v) the Fundamental Change Repurchase Price; 
 (vi) the Fundamental Change Repurchase Date; 
 (vii) the name and address of the Paying Agent and the Conversion Agent; 
 (viii) the
applicable Conversion Rate and any adjustments to the applicable Conversion Rate; 
 (ix) that the Notes with respect to which
a Fundamental Change Repurchase Notice has been delivered by a Holder may be converted only if the Holder withdraws the Fundamental Change Repurchase Notice in accordance with the terms of the Indenture; and 
 (x) the procedures that Holders must follow to require the Company to repurchase their Notes. 
 No failure of the Company to give the foregoing notices and no defect therein shall limit the Noteholders’ repurchase rights or affect the validity
of the proceedings for the repurchase of the Notes pursuant to this Section 9.02. 
 (c) A Fundamental Change Repurchase Notice may be
withdrawn by delivering a written notice of withdrawal to the Paying Agent in accordance with the Fundamental Change Company Notice at any time prior to the 5:00 p.m., New York City time, on the Fundamental Change Repurchase Date, specifying:

 (i) the principal amount of the Notes with respect to which such notice of withdrawal is being submitted; 
 (ii) the principal amount, if any, of such Notes that remains subject to the original Fundamental Change Repurchase Notice, which portion
must be in principal amounts of $1,000 or an integral multiple of $1,000; and 
  

 32 

 (iii) if certificated Notes have been issued, the certificate numbers of the withdrawn
Notes; and 
 provided, however, that if the Notes are not in certificated form, the notice must comply with appropriate procedures of the
Depositary. The Paying Agent will promptly return to the respective Holders thereof any certificated Notes with respect to which a Fundamental Change Repurchase Notice has been withdrawn in compliance with the provisions of this
Section 9.02(c). If the Notes are not in certificated form, such return must comply with the appropriate procedures of the Depositary. If a Fundamental Change Repurchase Notice is given and then subsequently withdrawn in accordance with this
Section 9.02(c), then the Company shall not be obligated to repurchase any Notes listed in such Fundamental Change Repurchase Notice. 
 (d) On or prior to 11:00 a.m. (local time in The City of New York) on the Business Day following the Fundamental Change Repurchase Date, the Company will deposit with the Trustee (or other Paying Agent appointed by the Company) or if
the Company is acting as its own Paying Agent, set aside, segregate and hold in trust in accordance with the Indenture an amount of money or securities sufficient to repurchase as of the Fundamental Change Repurchase Date all of the Notes to be
repurchased as of such date at the Fundamental Change Repurchase Price. Subject to receipt of funds and/or Notes by the Trustee (or other Paying Agent appointed by the Company), payment for Notes surrendered for repurchase (and not withdrawn) prior
to the Close of Business on the Fundamental Change Repurchase Date will be made promptly after the later of (x) the Fundamental Change Repurchase Date with respect to such Note (provided the Holder has satisfied the conditions to the
payment of the Fundamental Change Repurchase Price in this Section 9.02), and (y) the time of book-entry transfer or the delivery of such Note to the Trustee (or other Paying Agent appointed by the Company) by the Holder thereof in the
manner required by this Section 9.02 by mailing checks for the amount payable to the Holders of such Notes entitled thereto as they shall appear in the Security Register (in the case of certificated Notes) by wire transfer of immediately
available funds to the account of the Depositary or its nominee (if the Notes are not in certificated form). The Trustee shall, promptly after such payment return to the Company any funds in excess of the Fundamental Change Repurchase Price.

 (e) If the Trustee (or other Paying Agent appointed by the Company) holds money or securities sufficient to repurchase as of the
Fundamental Change Repurchase Date all the Notes or portions thereof that are to be purchased as of the Business Day following the Fundamental Change Repurchase Date, then on and after the Fundamental Change Repurchase Date (i) such Notes will
cease to be Outstanding, (ii) interest (including Additional Interest, if any) will cease to accrue on such Notes, whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Trustee or Paying Agent, as
the case may be, and (iii) all other rights of the Holders of such Notes will terminate other than the right to receive the Fundamental Change Repurchase Price upon delivery or transfer of such Notes. 
 Section 9.03. No Payment Following Acceleration of the Notes. 
 There shall be no purchase of any Notes pursuant to this Article IX if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded on or prior to the Fundamental Change
Purchase Date. The Trustee (or other Paying Agent appointed by the Company) will promptly return to the respective Holders thereof any certificated Notes held by it following 

  

 33 

 
acceleration of the Notes and shall deem canceled any instructions for book-entry transfer of the Notes in compliance with the procedures of the Depositary,
in which case, upon such return and cancellation, the Fundamental Change Repurchase Notice with respect thereto shall be deemed to have been withdrawn. 
 Section 9.04. Compliance with Tender Offer Rules. 
 In connection with any offer to purchase
Notes under Section 9.02 hereof, the Company shall, in each case if required, (a) comply with Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act that may then be applicable, (b) file a Schedule TO or any
other required schedule under the Exchange Act and (c) otherwise comply with all federal and state securities laws so as to permit the rights and obligations under Section 9.02 to be exercised in the time and in the manner specified in
Section 9.02. 
 ARTICLE X 
 MISCELLANEOUS PROVISIONS 
 Section 10.01. Ratification of Base Indenture Except as expressly modified or amended
hereby, the Base Indenture continues in full force and effect and is in all respects confirmed, ratified and preserved and the provisions thereof shall be applicable to the Notes and this Supplemental Indenture. 
 Section 10.02. Provisions Binding on Company’s Successors. All the covenants, stipulations, promises and agreements of the Company
contained in this Supplemental Indenture shall bind its successors and assigns whether so expressed or not. 
 Section 10.03.
Official Acts by Successor Corporation. Any act or proceeding by any provision of this Supplemental Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed
with like force and effect by the like board, committee or officer of any corporation or entity that shall at the time be the lawful sole successor of the Company. 
 Section 10.04. Addresses for Notices, Etc Any notice or demand which by any
provision of this Supplemental Indenture is required or permitted to be given or served by the Trustee or by the Noteholders on the Company or the Guarantors shall be deemed to have been sufficiently given or made, for all purposes if given or
served by being deposited postage prepaid by registered or certified mail in a post office letter box addressed (until another address is filed by the Company with the Trustee) to the Company, 800 S. Douglas Road, 12th Floor, Coral Gables, Florida, Attention: Albert de Cardenas Esq. Any notice, direction, request or demand hereunder to or upon the Trustee shall be
deemed to have been sufficiently given or made, for all purposes, if given or served by being deposited postage prepaid by registered or certified mail in a post office letter box addressed to U.S. Bank National Association, 100 Wall Street,
Suite 1600, New York, New York 10005, Attention: Corporate Trust Services/MasTec. 
 The Trustee, by notice to the Company, may
designate additional or different addresses for subsequent notices or communications. 
  

 34 

 Any notice or communication mailed to a Noteholder shall be mailed to him by first class mail, postage
prepaid, at his address as it appears on the Security Register and shall be sufficiently given to him if so mailed within the time prescribed. 
 Failure to mail a notice or communication to a Noteholder or any defect in it shall not affect its sufficiency with respect to other Noteholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether
or not the addressee receives it. 
 Section 10.05. Governing Law THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES OF SUCH STATE OTHER THAN NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401. THIS SUPPLEMENTAL INDENTURE IS SUBJECT TO THE PROVISIONS OF
THE TIA THAT ARE REQUIRED TO BE A PART OF THIS SUPPLEMENTAL INDENTURE AND SHALL, TO THE EXTENT APPLICABLE, BE GOVERNED BY SUCH PROVISIONS. 
 Section 10.06. Non-Business Day Section 113 of the Base Indenture shall also apply to any Fundamental Change Purchase Date or Conversion Date in respect of the Notes. 
 Section 10.07. Benefits of Indenture Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall give to any person,
other than the parties hereto, any Paying Agent, any authenticating agent, any Security Registrar and their successors hereunder, the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.

 Section 10.08. Table of Contents, Headings, Etc. The table of contents and the titles and headings of the
articles and sections of this Supplemental 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. 
 Section 10.09. Counterparts This Supplemental Indenture may be executed and delivered in any number of counterparts, each of which when so
executed and delivered shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 Section 10.10. Trustee The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The statements and recitals herein are deemed to be those of the Company and not of the Trustee.

 Section 10.11. 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 Supplemental Indenture. 
 Section 10.12. Waiver of Jury Trial EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 
  

 35 

 Section 10.13. Force Majeure In no event shall the Trustee or Conversion Agent be responsible
or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or
terrorism, civil or military disturbances, nuclear or natural catastrophes or other acts of God, and interruptions, loss or malfunction of utilities, communications or computer (software or hardware) services; it being understood that the Trustee
and the Conversion Agent shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 10.14. Calculations 
 Except as otherwise provided in this Supplemental Indenture, the Company shall be responsible for making all calculations called for under the Notes. These calculations include, but are not limited to, determinations of the Last Reported
Sale Price of Common Stock, accrued interest payable on the Notes and the Conversion Rate and Conversion Price. The Company or its agents shall make all these calculations in good faith and, absent manifest error, such calculations will be final and
binding on Holders of the Notes. The Company shall provide a schedule of these calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely upon the accuracy of the Company’s
calculations without independent verification. The Trustee will forward these calculations to any Holder of the Notes upon the request of that Holder. 
 ARTICLE XI 
 GUARANTEES 
 Section 11.01. Guarantee Subject to this Article XI, each of the Guarantors hereby, jointly and severally, unconditionally guarantees on
an unsecured, unsubordinated basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Supplemental Indenture or the Base
Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: 
 (i) the principal of, premium and
Additional Interest, if any, and interest on, the Notes will be promptly paid in full when due, whether at maturity, by acceleration or otherwise, and interest on the overdue principal and interest on the Notes, if any, if lawful, and all other
obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
 (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid
in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. 
  

 36 

 Failing payment when due of any amount so guaranteed or any performance so guaranteed for any whatever
reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of this
Supplemental Indenture or the Base Indenture, the Notes, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the
Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims
with a court in the event of bankruptcy or insolvency of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this Guarantee will not be discharged except by complete
performance of the obligations contained in the Notes and the Indenture. 
 (c) If any Holder or the Trustee is required by any court or
otherwise to return to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid either to the Trustee or such Holder, this Guarantee, to
the extent theretofore discharged, shall be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it shall not be entitled
to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations under the Notes guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the
one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Five of the Base Indenture for the purposes of this Guarantee, notwithstanding
any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article Five of the Base
Indenture, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantors for purposes of this Guarantee. The Guarantors will have the right to seek contribution from any other Guarantor, or the Company, as
the case may be, so long as the exercise of such right does not impair the rights of the Holders under the Guarantee. 
 Section 11.02.
Limitation on Guarantor Liability Each Guarantor, and by its acceptance of the Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer,
fraudulent conveyance or fraudulent obligation for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To effectuate
the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor shall be limited to the maximum amount that shall, after giving effect to such maximum amount and all other
contingent and fixed liabilities of such 

  

 37 

 
Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contributions from or payments made by or on
behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article XI that are relevant under such laws, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer,
fraudulent conveyance or fraudulent obligation. 
 Section 11.03. Execution and Delivery of Guarantees To evidence its Guarantee
set forth in Section 11.01 hereof, each Guarantor hereby agrees that this Supplemental Indenture shall be executed on behalf of such Guarantor by one of its authorized officers. 
 (b) Each Guarantor hereby agrees that its Guarantee set forth in Section 11.01 hereof shall remain in full force and effect notwithstanding the
absence of the endorsement of any notation of such Guarantee. 
 (c) If an officer whose signature is on this Supplemental Indenture no
longer holds that office at the time the Trustee authenticates the Note, the Guarantee shall be valid nevertheless. 
 (d) The delivery of
any Note by the Trustee, after the authentication thereof hereunder, shall constitute delivery of the Guarantee set forth in the Indenture on behalf of the Guarantors. 
 (e) If required by Section 4.04 hereof, the Company shall cause any Subsidiary that is not a Guarantor to comply with the provisions of Section 4.04 hereof and this Article XI, to the extent applicable.

 Section 11.04. Contribution Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to
contribution from any other Guarantor or the Company, as the case may be. 
 Section 11.05. Releases The Guarantee issued by any
Guarantor shall be automatically and unconditionally released and discharged upon: 
 (a) any sale, exchange or transfer to any Person (other
than an Affiliate of the Company) of (i) the Capital Stock of such Guarantor so that such Guarantor is no longer a Subsidiary of the Company or (ii) all or substantially all the assets of such Guarantor; 
 (b) the release or discharge of the guarantee which resulted in the creation of such Guarantee, except a discharge or release by or as a result of
payment under such guarantee; or 
 (c) the release or discharge of any and all guarantees of all other unsecured indebtedness of the Company
provided by such Guarantor to the holders of other unsecured indebtedness (including any deemed release upon payment in full of all obligations under such other unsecured indebtedness); provided, however, to the extent that any Wholly
Owned Domestic Subsidiary of the Company provides a guarantee of any unsecured indebtedness of the Company in the future, such Wholly Owned Domestic Subsidiary shall be required to guarantee the Notes in accordance with Section 4.04 hereof.

  

 38 

 Provided, in each case, that such release or discharge shall not become effective until the receipt by the Trustee
of an Officers’ Certificate stating that all conditions precedent to the release and discharge of the Guarantee have been complied with. 
  

 39 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed
by their respective officers hereunto duly authorized, all as of the day and year first above written. 
  

			
	COMPANY:
	
	MasTec, Inc.
		
	By:	 	 /s/ Alberto de Cardenas

	Name:	 	Alberto de Cardenas
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	GUARANTORS:
	
	Church & Tower, Inc.
	MasTec Brazil I, Inc.
	MasTec Brazil II, Inc.
	MasTec Contracting Company, Inc.
	MasTec Latin America, Inc.
	MasTec North America, Inc.
	MasTec Services Company, Inc.
	MasTec Spain, Inc.
	MasTec Venezuela, Inc.
	Nsoro MasTec International, Inc.
		
	By:	 	 /s/ Alberto de Cardenas

	Name:	 	Alberto de Cardenas
	Title:	 	Secretary

  

 40 

			
	Direct Star TV, LLC
	GlobeTec Construction, LLC.
	MasTec Property Holdings, LLC
	MasTec North America AC, LLC
	Nsoro MasTec, LLC
	Power Partners MasTec, LLC
	
	By their sole member:
	MasTec North America, Inc.,
		
	By:	 	 /s/ Alberto de Cardenas

	Name:	 	Alberto de Cardenas
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Pumpco, Inc.
		
	By:	 	 /s/ Alberto de Cardenas

	Name:	 	Alberto de Cardenas
	Title:	 	Secretary
	
	Three Phase Acquisition Corp.
		
	By:	 	 /s/ Pablo Alvarez

	Name:	 	Pablo Alvarez
	Title:	 	Vice President, Secretary and Treasurer
	
	Three Phase Line Construction, Inc.
		
	By:	 	 /s/ Peter Johnson

	Name:	 	Peter Johnson
	Title:	 	President
	
	Wanzek Construction, Inc.
		
	By:	 	 /s/ Alberto de Cardenas

	Name:	 	Alberto de Cardenas
	Title:	 	Secretary

  

 41 

			
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	 /s/ Richard Prokosch

	Name:	 	Richard Prokosch
	Title:	 	Vice President

  

 42 

 SCHEDULE A 
  

																													
	 Stock Price

	 Effective Date
	 	$12.125	 	$13.50	 	$15.00	 	$17.50	 	$20.00	 	$25.00	 	$30.00	 	$40.00	 	$50.00	 	$60.00	 	$80.00	 	$100.00	 	$120.00	 	$140.00
	 June 5, 2009
	 	19.0325	 	17.0940	 	15.3846	 	12.6131	 	10.1016	 	7.0402	 	5.2999	 	3.4496	 	2.4933	 	1.9086	 	1.2264	 	0.8409	 	0.5959	 	0.4296
	 June 15, 2010
	 	19.0325	 	17.0940	 	15.3846	 	11.7510	 	9.1989	 	6.1998	 	4.5754	 	2.9288	 	2.1109	 	1.6188	 	1.0457	 	0.7198	 	0.5108	 	0.3679
	 June 15, 2011
	 	19.0325	 	17.0940	 	14.6282	 	10.5431	 	7.9710	 	5.1091	 	3.6643	 	2.3026	 	1.6616	 	1.2807	 	0.8351	 	0.5780	 	0.4111	 	0.2957
	 June 15, 2012
	 	19.0325	 	16.9038	 	12.9632	 	8.7214	 	6.2080	 	3.6604	 	2.5269	 	1.5746	 	1.1512	 	0.8973	 	0.5929	 	0.4132	 	0.2948	 	0.2120
	 June 15, 2013
	 	19.0325	 	14.5183	 	10.1615	 	5.8302	 	3.5991	 	1.7988	 	1.2101	 	0.7937	 	0.5986	 	0.4726	 	0.3156	 	0.2214	 	0.1588	 	0.1144
	 June 15, 2014
	 	19.0325	 	10.6324	 	3.2250	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000

  

 Sch. A-1 

 SCHEDULE B 
 Church & Tower, Inc. 
 Direct Star TV, LLC 
 GlobeTec Construction, LLC 
 MasTec Brazil I, Inc. 
 MasTec Brazil II, Inc. 
 MasTec Contracting Company, Inc. 
 MasTec Latin America, Inc. 
 MasTec North America, Inc. 
 MasTec North America AC, LLC 
 MasTec Property Holdings, LLC 
 MasTec Services Company, Inc. 
 MasTec Spain, Inc. 
 MasTec Venezuela, Inc. 
 Nsoro MasTec, LLC 
 Nsoro
MasTec International, Inc. 
 Power Partners MasTec, LLC 
 Pumpco,
Inc. 
 Three Phase Line Construction, Inc. 
 Three Phase
Acquisition Corp. 
 Wanzek Construction, Inc. 
  

 Sch. B-1 

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

 Exh. A-1 

 MasTec, Inc. 
 4.00% Senior Convertible Notes due 2014 
  

			
	No.             	  	$             

  

			
	CUSIP No. 576323 AG4	  	ISIN No. US576323AG43

 MasTec, Inc., a Florida corporation (herein called the “Company,” which term
includes any successor corporation under the Indenture referred to on the reverse hereof), for value received hereby promises to pay to [CEDE & CO.], or registered assigns, the principal sum of
[            ] ($[            ]) or such other principal amount as shall be set forth on the Schedule I hereto on June 15,
2014, unless earlier converted or repurchased. The Company’s obligations under this Security are fully and unconditionally guaranteed, jointly and severally, by the Guarantors. 
 This Security shall bear interest at the rate of 4.00% per year from June 5, 2009, or from the most recent date to which interest had been paid
or provided. Except as otherwise provided in the Indenture, interest is payable semi-annually in arrears on each June 15 and December 15, commencing December 15, 2009, to Holders of record at the Close of Business on the preceding
June 1 and December 1, respectively. Interest payable on each Interest Payment Date shall equal the amount of interest accrued from, and including the immediately preceding Interest Payment Date (or from and including June 5, 2009, if
no interest has been paid hereon) to but excluding such Interest Payment Date. To the extent lawful, payments of principal or interest (including Additional Interest, if any) on the Securities that are not made when due will accrue interest at the
annual rate of 1.0% above the then applicable interest rate borne by the Securities from the required payment date in accordance with the provisions of the Indenture. 
 Payment of the principal and interest, on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, City of New York, or elsewhere as provided in the
Indenture, 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 by (i) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) wire transfer to an account of the Person entitled thereto located inside the United States; provided
further, however, that, with respect to any Holder of Securities with an aggregate principal amount in excess of $2,000,000, at the application of such Holder in writing to the Company, interest on such Holder’s Securities shall be
paid by wire transfer in immediately available funds to such Holder’s account in the United States supplied by such Holder from time to time to the Trustee and Paying Agent (if different from the Trustee) not later than the applicable Record
Date. Notwithstanding the foregoing, payment of interest in respect of Securities held in global form shall be made in accordance with procedures required by the Depositary. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof, including, without limitation, provisions giving the Holder
of this Security the right to convert this Security into Common Stock on the terms and subject to the limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the
same effect as though fully set forth at this place. 
  

 Exh. A-2 

 This Security shall be governed by and construed in accordance with the laws of the State of New York.

 This Security shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been
manually signed by the Trustee or a duly authorized authenticating agent under the Indenture. 
 [Remainder of page intentionally left blank]

  

 Exh. A-3 

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

			
	MASTEC, INC.
		
	By:	 	  

	Name:	 	[            ]
	Title:	 	[            ]

  

			
	Attest
		
	By:	 	  

	Name:	 	[            ]
	Title:	 	Secretary

 Dated: [            ], 20[    ]

  

 Exh. A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	U.S. BANK NATIONAL ASSOCIATION,
	as successor trustee
		
	BY:	 	  

		 	Authorized Officer

  

 Exh. A-5 

 [FORM OF REVERSE OF NOTE] 
 MasTec, Inc. 
 4.00% Senior Convertible Notes due 2014 
 This Security is one of a duly authorized issue of Securities of the Company, designated as its 4.00% Senior Convertible Notes due 2014 (herein called
the “Securities”), issued under and pursuant to an Indenture dated as of June 5, 2009 (herein called the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of June 5, 2009 (as
so supplemented, herein called the “Indenture”), between the Company, the Guarantors listed in Schedule B to the Supplemental Indenture and U.S. Bank National Association (herein called the “Trustee”), to which
Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company, the Guarantors and the Holders of the
Securities. Additional Securities may be issued in an unlimited aggregate principal amount, subject to certain conditions specified in the Indenture. Capitalized terms used but not defined in this Security shall have the meanings ascribed to them in
the Indenture. 
 The Company’s obligations under this Security are fully and unconditionally guaranteed, jointly and severally, by the
Guarantors. 
 In case an Event of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of and interest
on all Securities may be declared, and upon said declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 
 Subject to the terms and conditions of the Indenture, the Company will make all payments and deliveries in respect of the Fundamental Change Repurchase
Price and the principal amount on the Maturity Date, as the case may be, to the Holder who surrenders a Security to a Paying Agent to collect such payments in respect of the Security. The Company will pay cash amounts in money of the United States
that at the time of payment is legal tender for payment of public and private debts. 
 The Indenture contains provisions permitting the
Company and the Trustee in certain circumstances, without the consent of the Holders of the Securities, and in other circumstances, with the consent of the Holders of not less than a majority in principal amount of the Securities at the time
Outstanding, evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any
manner the rights of the Holders of the Securities; provided, however, that no such supplemental indenture shall make any of the changes set forth in Section 6.02 of the Supplemental Indenture and Section 902 of the Base
Indenture, without the consent of each Holder of an Outstanding Security affected thereby. It is also provided in the Indenture that, prior to any declaration accelerating the maturity of the Securities, the Holders of a majority in principal amount
of the Securities at the time Outstanding may on behalf of the Holders of all of the Securities waive any past default or Event of Default under the Indenture and its consequences except as provided in the Indenture. Any such consent or waiver by
the Holder of this Security (unless revoked as provided in the 

  

 Exh. A-6 

 
Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and any Securities which may be issued in
exchange or substitution hereof, irrespective of whether or not any notation thereof is made upon this Security or such other Securities. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and accrued and unpaid interest on
this Security at the place, at the respective times, at the rate and in the lawful money herein prescribed. 
 The Securities are issuable in
registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. At the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the
Indenture, without payment of any service charge but with payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities (except as otherwise
provided in the Base Indenture), Securities may be exchanged for a like aggregate principal amount of Securities of other authorized denominations. 
 The Securities are not subject to redemption and will not be entitled to the benefit of any sinking fund. 
 Upon the occurrence of
a Fundamental Change, the Holder has the right, at such Holder’s option, to require the Company to repurchase all of such Holder’s Securities or any portion thereof (in principal amounts of $1,000 or integral multiples thereof) in
accordance with the provisions of the Indenture on the Fundamental Change Repurchase Date at a price equal to 100% of the principal amount of the Securities such holder elects to require the Company to repurchase, together with accrued and unpaid
interest (including Additional Interest, if any) to but excluding the Fundamental Change Repurchase Date, except as otherwise provided in the Indenture. The Company shall mail to all Holders of record of the Securities a notice of the occurrence of
a Fundamental Change and of the repurchase right arising as a result thereof at any time following the Company entering into a definitive agreement that, if consummated, would give rise to a Fundamental Change, but in any event not later than the
fifth (5th) calendar day after the occurrence of a Fundamental Change. 
 Subject to and upon compliance with the provisions of the
Indenture, the Holder may surrender for conversion all or any portion of this Security that is in an integral multiple of $1,000. Upon conversion, the Holder shall be entitled to receive the consideration specified in the Indenture. No fractional
share of Common Stock shall be issued upon conversion of a Security. Instead, the Company shall pay cash in lieu of such fractional share of Common Stock as provided in the Indenture. The initial Conversion Rate shall be 63.4417 shares of Common
Stock per $1,000 principal amount of Securities, subject to adjustment in accordance with the provisions of the Indenture. If a Holder converts all or a part of this Security in connection with the occurrence of certain Fundamental Change
transactions, the Conversion Rate shall be increased in the manner and to the extent described in the Indenture. 
  

 Exh. A-7 

 Upon due presentment for registration of transfer of this Security at the office or agency of the Company
in the Borough of Manhattan, City of New York, a new Security or Securities of authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange thereof, subject to the limitations provided in the
Indenture, without charge except for any tax, assessments or other governmental charge imposed in connection with any registration of transfer or exchange of Securities (except as otherwise set forth in the Base Indenture). 
 The Company, the Trustee, any authenticating agent, any Paying Agent, any Conversion Agent and any Security Registrar may deem and treat the registered
Holder hereof as the absolute owner of this Security (whether or not this Security shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment hereof, or on account hereof, for the
conversion hereof and for all other purposes, and neither the Company nor the Trustee nor any other authenticating agent nor any Paying Agent nor any other Conversion Agent nor any Security Registrar shall be affected by any notice to the contrary.
All payments made to or upon the order of such registered Holder shall, to the extent of the sum or sums paid, satisfy and discharge liability for monies payable on this Security. 
 Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TENANT (=tenants by the entireties), JT
TEN (joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform gift to Minors Act). 
  

 Exh. A-8 

 Schedule I 
 MasTec, Inc. 
 4.00% Senior Convertible Notes due 2014 
 No.              
  

							
	 Date
	  	Principal Amount	  	Notation Explaining
Principal Amount
Recorded	  	Authorized
Signature of Trustee
or Custodian

  

 Exh. A-9 

 Exhibit B 
 FORM OF CONVERSION NOTICE 
 To: MasTec, Inc. 
 The undersigned registered owner of this Security hereby exercises the option to convert this Security, or the portion hereof (which is $1,000 principal amount or an integral multiple thereof) below designated into
shares of Common Stock in accordance with the terms of the Indenture referred to in this Security, and directs that the shares of Common Stock issuable and deliverable upon such conversion, together with any check in payment for fractional shares of
Common Stock, and any Securities representing any unconverted principal amount hereof, be issued and delivered to the registered holder hereof unless a different name has been indicated below. If shares or any portion of this Security not converted
are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes and duties payable with respect thereto. Any amount required to be paid to the undersigned on account of interest accompanies this
Security. 
  

					
	Dated:                     	  		  	
			
		  		  	  

		  		  	Signature(s)
			
	  
	  		  	
	Signature Guarantee	  		  	

  

	
	Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee
medallion program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, if shares of Common Stock is to be issued, or Securities to be delivered, other than to and in the name of the registered holder.

  

 Exh. B-1 

	
	Fill in for registration of shares of Common Stock if to be issued, and Securities if to be delivered, other than to and in the name of the registered holder:

  

					
	(Name)	 		 	
		 		 	
	(Street Address)	 		 	
		 		 	
	(City, State and Zip Code)	 		 	
		 		 	
	Please print name and address	 		 	
		 		 	
		 	Principal amount to be converted (if less than all): $            ,000
		 	
		 	
		 	Social Security or Other Taxpayer Identification Number

  

 Exh. B-2 

 Exhibit C 
 FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE 
 To: MasTec, Inc. 
 The undersigned registered owner of this Security hereby acknowledges receipt of a notice from MasTec, Inc. (the “Company”) as to the
occurrence of a Fundamental Change with respect to the Company and requests and instructs the Company to repay the entire principal amount of this Security, or the portion thereof (which is $1,000 principal amount or an integral multiple thereof)
below designated, in accordance with the terms of the Indenture referred to in this Security, to the registered holder hereof. 
  

			
	Dated:                     	 	
		
		 	  

		 	Signature(s)
		
		 	
		 	 Social Security or Other Taxpayer Identification Number Principal amount to be repaid (if less than all):
$            ,000
  
 NOTICE:

  
 The above signatures of the holder(s) hereof must correspond with the name as written
upon the face of the Security in every particular without alteration or enlargement or any change whatever.

  

 Exh. C-1 

 Exhibit D 
 FORM OF ASSIGNMENT AND TRANSFER 
 For value received
                             hereby sell(s), assign(s) and transfer(s) unto
                             (Please insert social security or Taxpayer Identification Number of assignee)
the within Security, and hereby irrevocably constitutes and appoints                              attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
  

			
	Dated:                     	  	
		
	  
	  	
	Signature(s)	  	
		
	  
	  	
	Signature Guarantee	  	

  

	
	Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee
medallion program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, if Common Stock is to be issued, or Securities to be delivered, other than to and in the name of the registered holder.

 NOTICE: The signature on the conversion notice, the option to elect repurchase upon a Fundamental Change, or the
assignment must correspond with the name as written upon the face of the Security in every particular without alteration or enlargement or any change whatever. 
  

 Exh. D-1China Biologic Products, Inc.: Exhibit 4.1 - Prepared by TNT Filings
   Inc.

Exhibit 4.1

FORM OF REGISTRATION RIGHTS AGREEMENT

This Registration Rights Agreement (this “Agreement”) is made and entered into as of June
__, 2009, by and between China Biologic Products, Inc., a Delaware corporation (the
“Company”), and the purchasers identified on the signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”). 

RECITALS

A. 

This Agreement is being delivered pursuant to the Securities Purchase Agreement,  dated
June 5, 2009, among the Company, the Controlling Stockholder and the Purchasers (the “Purchase
Agreement”).  Capitalized terms used herein but defined shall have the meaning given to such terms in the Purchase Agreement. 

B. 

Contemporaneously with the execution and delivery of this Agreement, the parties hereto are executing and delivering the (i) Notes; (ii) Warrants; and (iii) the Security Documents. This Agreement, the Note, Warrant
and Security Documents are sometimes hereinafter collectively referred to as the “Transaction Documents”. 

The Company and the Purchasers hereby agree as follows:

1.

Definitions. Capitalized terms used and not otherwise defined herein that
are defined in the Purchase Agreement will have the meanings given such terms in
the Purchase Agreement. As used in this Agreement, the following terms have the
respective meanings set forth in this Section 1: 

“Advice” has the meaning set forth in Section 8(b).

“Affiliate” means any Person that, directly or indirectly through
one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 144
(as defined below). 

“Agreement” has the meaning set forth in this first paragraph of
this Agreement. 

“Company” has the meaning set forth in this first
paragraph of this Agreement. 

“Commission” means the United States
Securities & Exchange Commission. 

“Common Stock” means the common stock of the Company, $0.0001 par
value per share.

“Conversion Shares” means shares of the
Company’s Common Stock issuable to the Purchasers upon conversion of the Notes. 

“Effectiveness Date” means (a) with respect
to the Mandatory Shelf Registration Statement required to be filed under Section
2(a), the earlier of: (i) the 120th day following the Closing Date,
or (ii) if the Purchasers elect to defer the filing of such Mandatory Shelf
Registration Statement, the 60th day following the relevant Filing
Date, or (b) with respect to any additional Registration Statement that may be
required pursuant to Section 3(c), the 60th day following the filing
of such additional Registration Statement. 

“Effectiveness Period” has the meaning set
forth in Section 2(a).

- 1 -

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

“Filing Date” means (a) with respect to the
Mandatory Shelf Registration Statement required to be filed under Section 2(a),
(i) the 45th day following the Closing Date, or (ii) if the
Purchasers elect to defer the filing of such Registration Statement, the 120th
day following the Purchasers making a demand therefor. 

“Holder” or “Holders” means the holder or holders,
as the case may be, from time to time of Registrable Securities. 

“Indemnified Party” has the meaning set forth
in Section 6(c). 

“Indemnifying Party” has the
meaning set forth in Section 6(c). 

“Losses” has the meaning set
forth in Section 6(a). 

“Mandatory Shelf Registration Statement” has the meaning set forth
in Section 2(a).

“Notes” means the 3.8% Convertible Senior Secured Notes Due 2011. 

“Person” means an individual or corporation, partnership, trust,
incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof)
or other entity of any kind. 

“Piggyback Registration Statement” has the meaning set forth in
Section 3(a).

“Proceeding” means an action, claim, suit, investigation or
proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened in writing. 

“Prospectus” means the prospectus included in a Registration
Statement (including, without limitation, a prospectus that includes any
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable
Securities covered by a Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such Prospectus.

“Purchase Agreement” has the meaning set forth in paragraph A of
the recitals herein.

“Purchaser” has the meaning set forth in this first paragraph of
this Agreement.

“Purchasers” has the meaning set forth in this first paragraph of
this Agreement. 

 “Registrable Securities” means: (i) the
Conversion Shares, (ii) the Warrant Shares, (iii) any securities issued or
issuable upon any stock split, dividend or other distribution, recapitalization
or similar event, or any exercise price adjustment with respect to any of the
securities referenced in (i) or (ii) above, and (iv) any securities issued or
issuable as payment for accrued interest under the Notes, to the extent allowed
by the Commission and the rules and regulations administrated by the Commission
and the Trading Market; provided however, that once any such securities referred
to in foregoing clauses (i), (ii), (iii) or (iv) have been sold pursuant to the
Registration Statement or are eligible for resale without restriction under Rule
144 of the Securities Act, they shall no longer constitute Registrable
Securities or which have been sold in a private transaction in which the
transferor’s rights under this Agreement are not assigned. 

- 2 -

“Registration Statement” means any
registration statement required to be filed in accordance with this Agreement to
register the Registrable Securities including the Prospectus, amendments and
supplements to such registration statement or Prospectus, including pre- and
post-effective amendments, all exhibits thereto, and all material incorporated
by reference or deemed to be incorporated by reference therein.

“Rule 144” means Rule 144 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission
having substantially the same effect as such Rule. 

“Rule 415” means Rule 415 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission
having substantially the same effect as such Rule. 

“Rule 424” means Rule 424 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission
having substantially the same effect as such Rule. 

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

“Trading Day” means (i) a day on which the Common Stock is traded
on a Trading Market, or (ii) if the Common Stock is not listed on a Trading
Market, a day on which the Common Stock is traded in the over-the-counter
market, as reported by the OTC Bulletin Board, or (iii) if the Common Stock is
not quoted on a Trading Market or the OTC Bulletin Board, a day on which the
Common Stock is quoted in the over-the-counter market as reported by The Pink
Sheets, LLC (or any similar organization or agency succeeding to its functions
of reporting prices); provided, that in the event that the Common Stock is not
listed or quoted as set forth in (i), (ii) and (iii) hereof, then Trading Day
shall mean a Business Day. 

“Trading Market” means whichever of The New
York Stock Exchange, the NYSE Amex, The NASDAQ Capital Market, The NASDAQ Global
Market, or The NASDAQ Global Select Market, on which the Common Stock is listed
or quoted for trading on the date in question. 

“Transaction Documents” has the meaning set forth in paragraph B
of the recitals herein.

“Underwritten Offering” means a sale of securities of the Company
to an underwriter or underwriters for reoffering to the public. 

“Warrants” means the Common Stock purchase warrants issued to the
Purchasers pursuant to the Purchase Agreement. 

- 3 -

“Warrant Shares” means the Common Stock of
the Company issuable upon exercise of the Warrants. 

2.

 Shelf Registration.

(a)

As soon as possible but no later than the Filing Date, the Company shall use
best efforts to prepare and file with the Commission a Registration Statement
covering the resale of all Registrable Securities for an offering to be made on
a continuous basis pursuant to Rule 415 (such initial Registration Statement,
together with any additional Registration Statements to be filed pursuant to
Section 2(b) below, each a “Mandatory Shelf Registration Statement”).
The Mandatory Shelf Registration Statement shall be on Form S-3 (except if the
Company is not then eligible to register for resale the Registrable Securities
on Form S-3, in which case such registration shall be on another appropriate
form in accordance herewith), and shall contain the “Plan of Distribution”
attached hereto as Annex A. The Company shall use its best efforts to
cause the Mandatory Shelf Registration Statement to be declared effective under
the Securities Act as soon as possible but, in any event, no later than the
Effectiveness Date, and shall use its best efforts to keep the Mandatory Shelf
Registration Statement continuously effective under the Securities Act until
such time as all of the Registrable Securities covered by such Registration
Statement have either been publicly sold by the Holders or may be sold by the
Holders without restriction pursuant to Rule 144 under the Securities Act (the “Effectiveness
Period”). The Mandatory Shelf Registration Statement shall provide for
the resale from time to time, and pursuant to any method or combination of
methods legally available (including, without limitation, an Underwritten
Offering, a direct sale to purchasers, a sale through brokers or agents, or a
sale over the Internet) by the Holders of any and all Registrable Securities. If
the Registrable Securities shall be resold by the Holders in an Underwritten
Offering, the Company may include in an such registration other securities for
sale for its own account; provided that if the underwriters for the offering
shall determine that marketing factors require a limitation in the number of
shares to be included in such offering, then the securities to be sold by the
Holders shall be included in such registration before any securities proposed to
be sold for the account of the Company. 

(b) 

In the event the Commission seeks to
characterize the Mandatory Registration Statement as constituting an offering of
securities by or on behalf of the Company or in any other manner, such that the
Commission does not permit such Registration Statement to become effective and
be used for resales in a manner that does not constitute such an offering, or
permit the continuous resale at the market by Holder or other holders
participating therein (or as otherwise may be acceptable to Holder) without
being named therein as an "underwriter," (a "Rule 415 Comment"),
then the Company shall reduce the number of shares to be included by the Holders
in such Registration Statement on a pro rata basis, based on the total number of
Registrable Securities then held by each such Holder that is included in the
Registration Statement, until such time as the Commission shall so permit such
Registration Statement to become effective; provided, however, that the number
of Registrable Securities to be included in the Mandatory Registration Statement
shall not be reduced unless all other securities of the Company held by (i) the
Controlling Stockholder; (ii) the Company’s directors, officers, other employees
and consultants; and (iii) other holders of the Company’s capital stock with
registration rights that are inferior (with respect to such reduction) to the
registration rights of the Holders set forth herein, are first entirely excluded
from the registration. In addition, in the event that the Commission requires
Holder to be specifically identified as an "underwriter" in order to permit such
Registration Statement to become effective, and Holder does not consent to being
so named as an underwriter in such Registration Statement, then, in each such
case, the Company shall reduce the total number of Registrable Securities to be
registered on behalf of Holder, until such time as the Commission does not
require such identification or until Holder accepts such identification and the
manner thereof. In the event of any reduction in Registrable Securities pursuant
to this paragraph, the Company shall thereafter use its reasonable best efforts
to find alternative methods to register the Registrable Securities with the
Commission for resale by Holder; and (ii) in the event the Company, after
conducting a pre-filing conference with the Commission, if possible, reasonably
determines that it is unable to, or it is inadvisable for the Company to attempt
to, register all of the Registrable Securities in a single registration
statement, then the Company may elect to fulfill the registration requirements
hereunder by registering the Registrable Securities in two or more Registration
Statements; provided that the Company shall use its reasonable best efforts to
file each subsequent Registration Statement no later than the earlier of (A)
sixty (60) calendar days following the date on which the last of the Registrable
Securities registered under the preceding Registration Statement were sold or
(B) six (6) months following the date on which the preceding Registration
Statement was declared effective. 

 

 

(c) 

If: (i) any Mandatory Shelf Registration
Statement is not filed on or prior to its Filing Date or if the Company files a
Registration Statement without affording the Holders the opportunity to review
and comment on the same as required by Section 3(a) hereof, or (ii) any
Mandatory Shelf Registration Statement is not declared effective by the
Commission on or prior to its required Effectiveness Date due to the Company’s
failure to use best efforts to have such Registration Statement be declared
effective, or (iii) after any Mandatory Shelf Registration Statement becomes
effective, due to the Company’s failure to use best efforts to maintain
effectiveness, such Registration Statement ceases to be effective and available
to the Holders as to all Registrable Securities to which it is required to cover
at any time prior to the expiration of its Effectiveness Period for more than an
aggregate of 30 Trading Days (which need not be consecutive) (any such failure
or breach being referred to as an "Event"), each Holder shall have
the right, by providing four weeks’ written notice to require the Company to
redeem all or a portion of the Notes held by it at the Redemption Price (as
defined in the Note), whether or not such Event is subsequently cured; provided,
however, that the Company’s decision to file additional Registration Statements
in accordance with Section 2(b) hereof shall be deemed to be the Company’s use
of best efforts to have the Commission declare such Registration Statement
effective.

- 4 -

(d) 

Within three Trading Days of the date on which a Mandatory Shelf Registration
Statement under this Section 2 becomes effective, the Company shall cause its
counsel to issue a blanket opinion to the transfer agent stating that the
Registrable Securities are subject to an effective registration statement and
can be reissued free of restrictive legend upon notice of a sale by any Holder
and confirmation by such Holder that it has complied with the prospectus
delivery requirements, provided that the Company has not advised the transfer
agent orally or in writing that the opinion has been withdrawn. Copies of the
blanket opinion required by this Section 2(d) shall be delivered to each Holder
within the time frame set forth above. 

3.

Piggyback Registrations.

(a) 

If, after the date hereof, the Company proposes to file a registration statement
under the Securities Act providing for a public offering of the Company’s
securities, other than a registration statement on Form S-8 or Form S-4 or any
similar form hereafter adopted by the Commission as a replacement therefor
(including the Prospectus, amendments and supplements to such registration
statement or Prospectus, including pre- and post-effective amendments, all
exhibits thereto and all material incorporated by reference or deemed to be
incorporated by reference, if any, in such registration statement, the “Piggyback
Registration Statement”), the Company shall notify each Holder of the
proposed filing and afford each Holder an opportunity to include in such
Piggyback Registration Statement all or any part of the Registrable Securities
then held by such Holder. Each Holder desiring to include in any such Piggyback
Registration Statement all or part of the Registrable Securities held by such
Holder shall, within ten days after delivery of the above-described notice by
the Company, so notify the Company in writing, and in such notice shall inform
the Company of the number of Registrable Securities such Holder wishes to
include in such Piggyback Registration Statement and provide, as a condition to
such inclusion, such information regarding itself, the Registrable Securities
held by it and the intended method of disposition of such securities as is
required pursuant to Regulation S-K promulgated under the Securities Act to
effect the registration of the Registrable Securities. Any election by any
Holder to include any Registrable Securities in such Piggyback Registration
Statement shall not affect the inclusion of such Registrable Securities in any
Mandatory Shelf Registration Statement until such Registrable Securities have
been sold under the Piggyback Registration Statement; provided, however, that at
such time, the Company shall have the right to remove from any Mandatory Shelf
Registration Statement, the Registrable Securities sold pursuant to the Piggyback
Registration Statement. 

(b) 

At any time, the Company may terminate or withdraw any Piggyback Registration
Statement referred to in  Section 3(a), and without any obligation to any
such Holder whether or not any Holder has elected to include Registrable
Securities in such registration. The Company shall also have the right to
suspend the effectiveness and use of any Piggyback Registration Statement at any
time for an unlimited amount of time whether or not any Holder has elected to
include Registrable Securities in such registration. 

(c) 

The Company shall advise the Holders of the managing underwriters for any
Underwritten Offering proposed under the Piggyback Registration Statement. The
right of any such Holder’s Registrable Securities to be included in any
Piggyback Registration Statement pursuant to this Section 3(c) shall be
conditioned upon such Holder’s participation in such Underwritten Offering and
the inclusion of such Holder’s Registrable Securities in the Underwritten
Offering to the extent provided herein. All Holders proposing to distribute
their Registrable Securities through such Underwritten Offering shall enter into
an underwriting agreement in customary form with the managing underwriters
selected by the Company for such underwriting and complete and execute any
questionnaires, powers of attorney, indemnities, securities escrow agreements,
custody agreements, lock-up agreements, and other documents reasonably required
under the terms of such underwriting, and furnish to the Company such
information in writing as the Company may reasonably request for inclusion in
the Registration Statement; provided, however, that no Holder shall be required
to make any representations or warranties to or agreements with the Company or
the underwriters other than representations, warranties or agreements as are
customary and reasonably requested by the underwriters. Notwithstanding any
other provision of this Agreement, if at any time the managing underwriters
determine in good faith that marketing factors require a limitation on the
number of shares to be included, or the
Company receives a Rule 415 Comment with respect to any such Piggyback
Registration Statement, then the managing underwriters may exclude
shares (including Registrable Securities) from the Piggyback Registration
Statement and the Underwritten Offering, and any Shares included in the
Piggyback Registration Statement and the Underwritten Offering shall be
allocated, first, to the Company, and second, to each of the Holders requesting
inclusion of their Registrable Securities in such Piggyback Registration
Statement on a pro rata basis based on the total number of Registrable
Securities then held by each such Holder that is requesting inclusion; provided,
however, that the number of Registrable Securities to be included in the
Piggyback Registration Statement shall not be reduced unless all other
securities of the Company held by (i) the Controlling Stockholder; (ii) the
Company’s directors, officers, other employees and consultants; and (iii) other
holders of the Company’s capital stock with registration rights that are
inferior (with respect to such reduction) to the registration rights of the
Holders set forth herein, are first entirely excluded from the underwriting and
registration. If any Holder disapproves of the terms of any such Underwritten
Offering that is undertaken in compliance with the terms hereof, such Holder may
elect to withdraw therefrom by providing written notice to the Company and the
underwriter, delivered at least ten Trading Days prior to the effective date of
the Piggyback Registration Statement. Any Registrable Securities excluded or
withdrawn from such Underwritten Offering shall be excluded and withdrawn from
the Piggyback Registration Statement. 

- 5 -

(d) 

By electing to include Registrable Securities in the Piggyback Registration
Statement, if any, the Holder shall be deemed to have agreed not to effect any
sale or distribution of securities of the Company of the same or similar class
or classes of the securities included in the Registration Statement or any
securities convertible into or exchangeable or exercisable for such securities,
including a sale pursuant to Rule 144 under the Securities Act, during such
periods as reasonably requested by the managing underwriter (but in no event for
a period longer than 60 days following the effective date of the Piggyback
Registration Statement; provided that each of the officers and directors of the
Company that hold shares of Common Stock or securities convertible into or
exchangeable or exercisable for shares of Common Stock are subject to
restrictions at least as burdensome as those applicable to the Holders for not
less than the entire time period required of the Holders hereunder). 

(e) 

The Company’s obligation to file any Mandatory Shelf Registration Statement
under Section 2 shall not be affected by the filing or effectiveness of the
Piggyback Registration Statement under this Section 3. 

- 6 -

4.

Registration Procedures.

In connection with the Company’s registration obligations hereunder, the Company
shall:

(a) 

Not less than four Trading Days prior to the filing of a Registration Statement,
the Company shall furnish to each Holder copies of such document which will be
subject to the review of such Holder. The Company shall not file a Registration
Statement to which a Holder reasonably objects in writing (including via
e-mail). 

(b) 

(i) Prepare and file with the Commission such amendments, including
post-effective amendments, to each Registration Statement and the Prospectus
used in connection therewith as may be necessary to keep such Registration
Statement continuously effective as to the applicable Registrable Securities for
the Effectiveness Period and prepare and file with the Commission such
additional Registration Statements in order to register for resale under the
Securities Act all of the Registrable Securities; (ii) cause the related
Prospectus to be amended or supplemented by any required Prospectus supplement,
and as so supplemented or amended to be filed pursuant to Rule 424; (iii)
respond as promptly as reasonably possible to any comments received from the
Commission with respect to each Registration Statement or any amendment thereto
and, as promptly as reasonably possible provide, upon request, the Holders true
and complete copies of all correspondence from and to the Commission relating to
such Registration Statement that would not result in the disclosure to the
Holders of material and non-public information concerning the Company; and (iv)
comply in all material respects with the provisions of the Securities Act and
the Exchange Act with respect to the Registration Statements and the disposition
of all Registrable Securities covered by each Registration Statement. 

(c) 

Notify the Holders as promptly as reasonably possible (and, in the case of (i)(A)
below, not less than three Trading Days prior to such filing and, in the case of
(v) below, not less than three Trading Days prior to the financial statements in
any Registration Statement becoming ineligible for inclusion therein) and (if
requested by any such Person) confirm such notice in writing no later than one
Trading Day following the day (i)(A) when a Prospectus or any Prospectus
supplement or post-effective amendment to a Registration Statement is proposed
to be filed; (B) when the Commission notifies the Company whether there will be
a “review” of such Registration Statement and whenever the Commission comments
in writing on such Registration Statement; and (C) with respect to each
Registration Statement or any post-effective amendment, when the same has become
effective; (ii) of any request by the Commission or any other Federal or state
governmental authority for amendments or supplements to a Registration Statement
or Prospectus or for additional information; (iii) of the issuance by the
Commission of any stop order suspending the effectiveness of a Registration
Statement covering any or all of the Registrable Securities or the initiation of
any Proceedings for that purpose; (iv) of the receipt by the Company of any
notification with respect to the suspension of the qualification or exemption
from qualification of any of the Registrable Securities for sale in any
jurisdiction, or the initiation or threatening of any Proceeding for such
purpose; and (v) of the occurrence of any event or passage of time that makes
the financial statements included in a Registration Statement ineligible for
inclusion therein or any statement made in such Registration Statement or
Prospectus or any document incorporated or deemed to be incorporated therein by
reference untrue in any material respect or that requires any revisions to such
Registration Statement, Prospectus or other documents so that, in the case of
such Registration Statement or the Prospectus, as the case may be, it will not
contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading. 

- 7 -

(d) 

Use its reasonable best efforts to avoid the issuance of, or, if issued, obtain
the withdrawal of (i) any order suspending the effectiveness of a Registration
Statement, or (ii) any suspension of the qualification (or exemption from
qualification) of any of the Registrable Securities for sale in any
jurisdiction, at the earliest practicable moment. 

(e) 

Promptly deliver to each Holder, without charge, one electronic copy of each
Prospectus or Prospectuses (including each form of prospectus) and each
amendment or supplement thereto as such Persons may reasonably request. The
Company hereby consents to the use of such Prospectus and each amendment or
supplement thereto by each of the selling Holders in connection with the
offering and sale of the Registrable Securities covered by such Prospectus and
any amendment or supplement thereto. 

(f) 

Prior to any resale of Registrable Securities by a Holder, use its reasonable
best efforts to register or qualify or cooperate with the selling Holders in
connection with the registration or qualification (or exemption from the
registration or qualification) of such Registrable Securities for the resale by
the Holder under the securities or Blue Sky laws of such jurisdictions within
the United States as any Holder reasonably requests in writing (including via
e-mail), to keep each registration or qualification (or exemption therefrom)
effective during the Effectiveness Period and to do any and all other acts or
things reasonably necessary to enable the disposition in such jurisdictions of
the Registrable Securities covered by each Registration Statement; provided,
that the Company shall not be required to qualify generally to do business in
any jurisdiction where it is not then so qualified, subject the Company to any
material tax in any such jurisdiction where it is not then so subject or file a
general consent to service of process in any such jurisdiction. In connection
with the Company’s obligations under this Section 4(f), the Company shall
promptly following the Effectiveness Date, qualify for a “Manual’s Exemption”
allowing for secondary trading in the Company’s Common Stock once the Company
has a listing in Standard & Poor’s Rating Services, Moody’s Investor Service, or
other similar nationally recognized securities manual. 

(g) 

Cooperate with the Holders to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be delivered to a transferee
pursuant to the Registration Statement, which certificates shall be free, to the
extent permitted by the Purchase Agreement, of all restrictive legends, and to
enable such Registrable Securities to be in such denominations and registered in
such names as any such Holders may request. 

(h) 

Upon the occurrence of any event contemplated by Section 4(c)(v), as promptly as
reasonably possible, prepare a supplement or amendment, including a
post-effective amendment, to the affected Registration Statements or a
supplement to the related Prospectus or any document incorporated or deemed to
be incorporated therein by reference, and file any other required document so
that, as thereafter delivered, no Registration Statement nor any Prospectus will
contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading. 

5. 

Registration Expenses. All fees and expenses incident to the performance
of or compliance with this Agreement by the Company shall be borne by the
Company whether or not any Registrable Securities are sold pursuant to a
Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including, without limitation, fees and expenses (A) with respect to filings
required to be made with any Trading Market on which the Common Stock is then
listed for trading, and (B) in compliance with applicable state securities or
Blue Sky laws), (ii) printing expenses (including, without limitation, expenses
of printing certificates for Registrable Securities), (iii) messenger, telephone
and delivery expenses, (iv) fees and disbursements of counsel for the Company,
(v) Securities Act liability insurance, if the Company so desires such
insurance, and (vi) fees and expenses of all other Persons retained by the
Company in connection with the consummation of the transactions contemplated by
this Agreement, but shall exclude underwriter’s discounts and commissions and
stock transfer tax applicable to sale of Registrable Securities and fees and
disbursements of one counsel for the Holders (not to exceed $100,000). In
addition, the Company shall be responsible for all of its internal expenses
incurred in connection with the consummation of the transactions contemplated by
this Agreement (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of
any annual audit and the fees and expenses incurred in connection with the
listing of the Registrable Securities on any securities exchange as required
hereunder. Notwithstanding the foregoing, the Company shall not be required to
pay for any expenses of any registration proceeding begun pursuant to Section 2
if the registration request is subsequently withdrawn at the request of the
Holders of a majority of the Registrable Securities to be registered (in which
case all participating Holders shall bear such expenses pro rata based upon the
number of Registrable Securities that were to be included in the withdrawn
registration); provided, however, that if at the time of such withdrawal, the
Holders have learned of a material adverse change in the condition, business or
prospects of the Company from that known to the Holders at the time of their
request and have withdrawn the request with reasonable promptness following
disclosure by the Company of such material adverse change, then the Holders
shall not be required to pay any of such expenses and shall retain their rights
pursuant to Section 2.

- 8 -

6.

Indemnification.

(a) 

Indemnification by the Company. The Company shall, notwithstanding any
termination of this Agreement, indemnify and hold harmless each Holder, the
officers, directors, agents, investment advisors, partners, members and
employees of each of them, each Person who controls any such Holder (within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
and the officers, directors, agents and employees of each such controlling
Person, to the fullest extent permitted by applicable law, from and against any
and all losses, claims, damages, liabilities, costs (including, without
limitation, reasonable costs of preparation and reasonable attorneys' fees) and
expenses (collectively, “Losses”), as incurred, arising out of or
relating to any untrue or alleged untrue statement of a material fact contained
in any Registration Statement, any Prospectus or any form of prospectus or in
any amendment or supplement thereto or in any preliminary prospectus, or arising
out of or relating to any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein (in
the case of any Prospectus or form of prospectus or supplement thereto, in light
of the circumstances under which they were made) not misleading, except to the
extent, but only to the extent, that (1) such untrue statements or omissions are
based solely upon information regarding such Holder furnished in writing to the
Company by such Holder expressly for use therein, or to the extent that such
information relates to such Holder or such Holder's proposed method of
distribution of Registrable Securities and was reviewed and expressly approved
in writing by such Holder expressly for use in the Registration Statement, such
Prospectus or such form of Prospectus or in any amendment or supplement thereto
or (2) in the case of an occurrence of an event of the type specified in Section
4(c)(ii)-(v), the use by such Holder of an outdated or defective Prospectus
after the Company has notified such Holder in writing that the Prospectus is
outdated or defective and prior to the receipt by such Holder of an Advice or an
amended or supplemented Prospectus, but only if and to the extent that following
the receipt of the Advice or the amended or supplemented Prospectus the
misstatement or omission giving rise to such Loss would have been corrected. The
Company shall notify the Holders promptly of the institution, threat or
assertion of any Proceeding of which the Company is aware in connection with the
transactions contemplated by this Agreement. 

- 9 -

 

(b) 

Indemnification by Holders. Each Holder shall, severally and not jointly,
indemnify and hold harmless the Company, its directors, officers, agents and
employees, each Person who controls the Company (within the meaning of Section
15 of the Securities Act and Section 20 of the Exchange Act), and the directors,
officers, agents or employees of such controlling Persons, to the fullest extent
permitted by applicable law, from and against all Losses, as incurred, arising
solely out of or based solely upon: (x) such Holder's failure to comply with the
prospectus delivery requirements of the Securities Act or (y) any untrue
statement of a material fact contained in any Registration Statement, any
Prospectus, or any form of prospectus, or in any amendment or supplement
thereto, or arising solely out of or based solely upon any omission of a
material fact required to be stated therein or necessary to make the statements
therein not misleading to the extent, but only to the extent that, (1) such
untrue statements or omissions are based solely upon information regarding such
Holder, provided by such Holder to the Company in the Selling Holder
Questionnaire attached hereto as Annex B (as amended or supplemented), or
furnished in writing to the Company by such Holder expressly for use therein, or
to the extent that such information relates to such Holder or such Holder's
proposed method of distribution of Registrable Securities and was reviewed and
expressly approved in writing by such Holder expressly for use in the
Registration Statement, such Prospectus or such form of Prospectus or in any
amendment or supplement thereto or (2) in the case of an occurrence of an event
of the type specified in Section 4(c)(ii)-(v), the use by such Holder of an
outdated or defective Prospectus after the Company has notified such Holder in
writing that the Prospectus is outdated or defective and prior to the receipt by
such Holder of an Advice or an amended or supplemented Prospectus, but only if
and to the extent that following the receipt of the Advice or the amended or
supplemented Prospectus the misstatement or omission giving rise to such Loss
would have been corrected. In no event shall the liability of any selling Holder
hereunder be greater in amount than the dollar amount of the net proceeds
received by such Holder upon the sale of the Registrable Securities giving rise
to such indemnification obligation. 

(c) 

Conduct of Indemnification Proceedings. If any Proceeding shall be
brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified
Party”), such Indemnified Party shall promptly notify the Person from
whom indemnity is sought (the “Indemnifying Party”) in writing,
and the Indemnifying Party shall assume the defense thereof, including the
employment of counsel reasonably satisfactory to the Indemnified Party and the
payment of all fees and expenses incurred in connection with defense thereof;
provided, that the failure of any Indemnified Party to give such notice shall
not relieve the Indemnifying Party of its obligations or liabilities pursuant to
this Agreement, except (and only) to the extent that it shall be finally
determined by a court of competent jurisdiction (which determination is not
subject to appeal or further review) that such failure shall have proximately
and materially adversely prejudiced the Indemnifying Party. 

- 10 -

An Indemnified Party shall have the right to employ separate counsel in any such
Proceeding and to participate in the defense thereof, but the fees and expenses
of such counsel shall be at the expense of such Indemnified Party or Parties
unless: (1) the Indemnifying Party has agreed in writing to pay such fees and
expenses; (2) the Indemnifying Party shall have failed promptly to assume the
defense of such Proceeding and to employ counsel reasonably satisfactory to such
Indemnified Party in any such Proceeding; or (3) the named parties to any such
Proceeding (including any impleaded parties) include both such Indemnified Party
and the Indemnifying Party, and such Indemnified Party shall have been advised
by counsel that a conflict of interest is likely to exist if the same counsel
were to represent such Indemnified Party and the Indemnifying Party (in which
case, if such Indemnified Party notifies the Indemnifying Party in writing that
it elects to employ separate counsel at the expense of the Indemnifying Party,
the Indemnifying Party shall not have the right to assume the defense thereof
and such counsel shall be at the expense of the Indemnifying Party). The
Indemnifying Party shall not be liable for any settlement of any such Proceeding
effected without its written consent, which consent shall not be unreasonably
withheld. No Indemnifying Party shall, without the prior written consent of the
Indemnified Party, effect any settlement of any pending Proceeding in respect of
which any Indemnified Party is a party, unless such settlement includes an
unconditional release of such Indemnified Party from all liability on claims
that are the subject matter of such Proceeding. 

All fees and expenses of the Indemnified Party (including reasonable fees and
expenses to the extent incurred in connection with investigating or preparing to
defend such Proceeding in a manner not inconsistent with this Section) shall be
paid to the Indemnified Party, as incurred, within ten Trading Days of written
notice thereof to the Indemnifying Party (regardless of whether it is ultimately
determined that an Indemnified Party is not entitled to indemnification
hereunder; provided, that the Indemnifying Party may require such Indemnified
Party to undertake to reimburse all such fees and expenses to the extent it is
finally judicially determined that such Indemnified Party is not entitled to
indemnification hereunder). 

(d) 

Contribution. If a claim for indemnification under Section 6(a) or 6(b)
is unavailable to an Indemnified Party (by reason of public policy or
otherwise), then each Indemnifying Party, in lieu of indemnifying such
Indemnified Party, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such Losses, in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Party and
Indemnified Party in connection with the actions, statements or omissions that
resulted in such Losses as well as any other relevant equitable considerations.
The relative fault of such Indemnifying Party and Indemnified Party shall be
determined by reference to, among other things, whether any action in question,
including any untrue or alleged untrue statement of a material fact or omission
or alleged omission of a material fact, has been taken or made by, or relates to
information supplied by, such Indemnifying Party or Indemnified Party, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such action, statement or omission. The amount paid or
payable by a party as a result of any Losses shall be deemed to include, subject
to the limitations set forth in Section 6(c), any reasonable attorneys' or other
reasonable fees or expenses incurred by such party in connection with any
Proceeding to the extent such party would have been indemnified for such fees or
expenses if the indemnification provided for in this Section was available to
such party in accordance with its terms. 

- 11 -

The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 6(d) were determined by pro rata allocation or by any
other method of allocation that does not take into account the equitable
considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 6(d), no Holder shall be required
to contribute, in the aggregate, any amount in excess of the amount by which the
proceeds actually received by such Holder from the sale of the Registrable
Securities subject to the Proceeding exceeds the amount of any damages that such
Holder has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. 

The indemnity and contribution agreements contained in this Section are in
addition to any liability that the Indemnifying Parties may have to the
Indemnified Parties. 

7.

Covenants of the Company

(a)

 No Superior Registration Rights. The Company covenants and agrees
that it will not grant any registration rights to any other party that are more
senior than the equivalent provisions contained in this Agreement.

(b) 

Listing in Alternative Jurisdictions. The Company covenants and agrees
that, in the event that any listing of the Registrable Securities shall take
place in a non-U.S. jurisdiction that regulates the registration or listing of
securities, if commercially feasible the Company will offer the Purchasers
registration rights substantially comparable to the terms contained herein. 

8.

Covenants of the Holder

(a) 

Compliance. In connection with inclusion of its shares in any
registration hereunder, a Holder shall provide, on a timely basis, such
information concerning the Holder as the Company may reasonably request,
including without limitation, completing or updating the Selling Holder
Questionnaire attached hereto as Annex B. Each Holder also covenants and
agrees that it will comply with the prospectus delivery requirements of the
Securities Act as applicable to it in connection with sales of Registrable
Securities pursuant to the Registration Statement. 

(b) 

Discontinued Disposition. Each Holder agrees by its acquisition of such
Registrable Securities that, upon receipt of a notice from the Company of the
occurrence of any event of the kind described in Section 4(c), such Holder will
forthwith discontinue disposition of such Registrable Securities under the
Registration Statement until such Holder's receipt of the copies of the
supplemented Prospectus and/or amended Registration Statement or until it is
advised in writing (the “Advice”) by the Company that the use of
the applicable Prospectus may be resumed, and, in either case, has received
copies of any additional or supplemental filings that are incorporated or deemed
to be incorporated by reference in such Prospectus or Registration Statement.
The Company may provide appropriate stop orders to enforce the provisions of
this paragraph. 

9. 

MISCELLANEOUS

9.1 

Fees and Expenses. Except as specified, each party shall pay the fees and
expenses of its advisers, counsel, accountants and other experts, if any, and
all other expenses incurred by such party incident to the negotiation,
preparation, execution, delivery and performance of this Agreement.

- 12 - 

9.2 

Entire Agreement.  The Transaction Documents, together with the Exhibits and Schedules thereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all
prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules. 

9.3 

Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the date of
transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section prior to 5:00 p.m. (Central time) on a Business Day, (b) the next Business Day after the date of transmission, if such notice
or communication is delivered via facsimile at the facsimile number specified in this Section on a day that is not a Business Day or later than 5:00 p.m. (Central time) on any date and earlier than 11:59 p.m. (Central time) on such date, (c) the
Business Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall
be as follows: 

	
If to the Company:
		
China Biologic Products, Inc.
	
	
 
		
No. 14 East Hushan Road
	
	
 
		
Tai’an City, Shandong Province
	
	
 
		
P.C. 271000, China
	
	
 
		
Attention: Chief Financial Officer
	
	
 
		
 
	
	
with a copy (for
		
Pillsbury Winthrop Shaw Pittman LLP
	
	
informational
		
2300 N Street, NW
	
	
purposes only) to:
		
Washington DC 20037-1122
	
	
 
		
Tel: +1 202 663 8000
	
	
 
		
Fax: +1 202 663 8007
	
	
 
		
Attention: Louis A. Bevilacqua
	
	
 
		
 
	
	
If to the
		
To the address set forth under the Purchasers’ names on the signature
	
	
Purchasers:
		
pages hereof;
	
	
 
		
 
	
	
with a copy (for
		
Jones Day
	
	
informational
		
30th Floor, Shanghai Kerry Centre
	
	
purposes only) to:
		
1515 Nanjing Road West
	
	
 
		
Shanghai 200040, China
	
	
 
		
Tel: +86 21 2201-8061
	
	
 
		
Fax: +86 21 5298-6569
	
	
 
		
Attention: Alex Zhang
	

or such other address as may be designated in writing hereafter, in the same manner, by such Person. 

9.4 

Amendments; Waivers.  No provision of this Agreement may be waived or amended except in a written instrument signed by the Company and Holders holding a majority in principal amount of the Notes.  No waiver
of any default with respect to any
provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission
of either party to exercise any right hereunder in any manner impair the exercise of any such right. 

- 13 -

9.5 

Construction. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof. The language used in this
Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. This Agreement shall be construed as if drafted jointly by the parties, and no
presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement or any of the Transaction Documents. 

9.6 

Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or
obligations hereunder without the prior written consent of the Purchasers; provided, however, the Company may assign this Agreement to any other corporation that succeeds to all or substantially all of its business pursuant to any reorganization or
sale or disposition of substantially all of its assets, provided that the assignee agrees to assume the assignor's obligations hereunder. A Purchaser may assign any or all of its rights and obligations under this Agreement to an assignee of not less
than 25% of the original principal amount of the Purchaser’s Note (or the number of shares of Registrable Securities issuable under such amount), provided such assignee agrees in writing to be bound, with respect to the transferred Registrable
Securities, by the provisions hereof and thereof that apply to the “Holder” of such Registrable Securities. 

9.7 

No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof
be enforced by, any other Person except as provided in Sections 9.6 hereof. 

9.8

Governing Law. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF THAT WOULD APPLY ANY OTHER LAW.  Each party agrees that all
Proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective Affiliates, employees or agents) may
be commenced in the state and federal courts sitting in the City of New York, Borough of Manhattan (the “New York Courts”).  Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of the New York
Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of the any of the Transaction Documents), and hereby
irrevocably waives, and agrees not to assert in any Proceeding, any claim that it is not personally subject to the jurisdiction of any such New York Court, or that such Proceeding has been commenced in an improper or inconvenient forum.  Each party
hereto hereby irrevocably waives personal service of process and consents to process being served in any such Proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at
the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

- 14 -

9.9 

Survival.  The representations, warranties, agreements and covenants contained herein shall survive the Closing and the delivery of the Securities. 

9.10 

Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been
signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or electronic transmission of portable document
format (pdf), such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile signature page or signature electronically
transmitted in pdf were an original thereof. 

9.11 

Severability.  If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Agreement shall not in
any way be affected or impaired thereby and the parties will attempt to agree upon a valid and enforceable provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement. 

9.12 

Remedies. The remedies provided herein are cumulative and not exclusive of any remedies provided by law. In addition to being entitled to exercise all rights provided herein or granted by law, including
recovery of damages, each of the Purchasers and the Company will be entitled to specific performance under the Transaction Documents.  The parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any
breach of obligations described in the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate. 

 

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SIGNATURE PAGES TO FOLLOW] 

 

- 15 -

 IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above.

  	

 CHINA BIOLOGIC PRODUCTS, INC.
  

By:  _______________________________________

Name:

Title: 

       

  

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SIGNATURE PAGES TO FOLLOW] 

 

 

 

 

 

 

Company Signature Page to Registration Rights Agreement

 IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above. 

  

  	

[PURCHASER]

By: _____________________________________________

Name:

Title:

Address for Notice:

________________________________________________

________________________________________________

________________________________________________

       

  

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SIGNATURE PAGE TO FOLLOW] 

 

 

 

 

 

Purchaser Signature Page to Registration Rights Agreement

 IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above. 

  

  	

[PURCHASER]

By: _____________________________________________

Name:

Title:

Address for Notice:

________________________________________________

________________________________________________

________________________________________________

       

 

 

 

 

 

 

Purchaser Signature Page to Registration Rights Agreement

ANNEX A

Plan of Distribution

The Selling Stockholders and any of their pledgees, donees, transferees, assignees and successors-in-interest may, from time to time, sell any or all of their shares of Common Stock on any stock exchange, market or
trading facility on which the shares are traded or in private transactions. These sales may be at fixed or negotiated prices. The Selling Stockholders may use any one or more of the following methods when selling shares: 

	
ordinary brokerage transactions and transactions in which the broker-dealer solicits Investors;

	
block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

	
purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

	
an exchange distribution in accordance with the rules of the applicable exchange;

	
privately negotiated transactions;

	
to cover short sales made after the date that this Registration Statement is declared effective by the Commission;

	
broker-dealers may agree with the Selling Stockholders to sell a specified number of such shares at a stipulated price per share;

	
a combination of any such methods of sale; and

	
any other method permitted pursuant to applicable law.

The Selling Stockholders may also sell shares under Rule 144 under the Securities Act, if available, rather than under this prospectus. 

Broker-dealers engaged by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the Selling Stockholders (or, if any
broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated. The Selling Stockholders do not expect these commissions and discounts to exceed what is customary in the types of transactions involved. 

The Selling Stockholders may from time to time pledge or grant a security interest in some or all of the shares of Common Stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell shares of Common Stock from time to time under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act of 1933 amending the
list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus. 

Upon the Company being notified in writing by a Selling Stockholder that any material arrangement has been entered into with a broker-dealer for the sale of Common Stock through a block trade, special offering, exchange
distribution or secondary distribution or a purchase by a broker or dealer, a supplement to this prospectus will be filed, if required, pursuant to Rule 424(b) under the Securities Act,
disclosing (i) the name of each such Selling Stockholder and of the participating broker-dealer(s), (ii) the number of shares involved, (iii) the price at which such the shares of Common Stock were sold, (iv)the commissions paid or discounts or
concessions allowed to such broker-dealer(s), where applicable, (v) that such broker-dealer(s) did not conduct any investigation to verify the information set out or incorporated by reference in this prospectus, and (vi) other facts material to the
transaction.  In addition, upon the Company being notified in writing by a Selling Stockholder that a donee or pledgee intends to sell more than 500 shares of Common Stock, a supplement to this prospectus will be filed if then required in accordance
with applicable securities law. 

The Selling Stockholders also may transfer the shares of Common Stock in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of
this prospectus. 

The Selling Stockholders and any broker-dealers or agents that are involved in selling the shares may be deemed to be "underwriters" within the meaning of the Securities Act in connection with such sales. In such event,
any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. Discounts, concessions, commissions and
similar selling expenses, if any, that can be attributed to the sale of the securities will be paid by the Selling Stockholder and/or the purchasers. Each Selling Stockholder has represented and warranted to the Company that it acquired the
securities subject to this registration statement in the ordinary course of such Selling Stockholder’s business and, at the time of its purchase of such securities such Selling Stockholder had no agreements or understandings, directly or
indirectly, with any person to distribute any such securities.

The Company has advised each Selling Stockholder that it may not use shares registered on this Registration Statement to cover short sales of Common Stock made prior to the date on which this Registration Statement
shall have been declared effective by the Commission. If a Selling Stockholder uses this prospectus for any sale of the Common Stock, it will be subject to the prospectus delivery requirements of the Securities Act.  The Selling Stockholders will be
responsible to comply with the applicable provisions of the Securities Act and Exchange Act, and the rules and regulations thereunder promulgated, including, without limitation, Regulation M, as applicable to such Selling Stockholders in connection
with resales of their respective shares under this Registration Statement. 

The Company is required to pay all fees and expenses incident to the registration of the shares, but the Company will not receive any proceeds from the sale of the Common Stock. The Company has agreed to indemnify the
Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.

ANNEX B

CHINA BIOLOGIC PRODUCTS, INC.

Selling Stockholder Notice and Questionnaire

The undersigned beneficial owner of common stock (the “Common Stock”), of China Biologic Products, Inc., a Delaware corporation (the “Company”), understands that the Company has filed or intends to file with the
Securities and Exchange Commission (the “Commission”) a Registration Statement for the registration and resale of the Registrable Securities, in accordance with the terms of the Registration Rights Agreement, dated as of June
__,
2009 (the “Registration Rights Agreement”), among the Company and the Purchasers named therein. A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below. All capitalized
terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement. 

The undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate: 

QUESTIONNAIRE

	
1. 		
Name.

	
	 	 	 
		
(a) 		
Full Legal Name of Selling Stockholder

	
	 	 	
  ______________________________________________________________________________________________________
	 	 	 
		
(b) 		
Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities Listed in Item 3 below are held:

	
	 	 	
  ______________________________________________________________________________________________________
	 	 	 
		
(c) 		
Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to vote or dispose of the securities covered by the questionnaire):

	
	 	 	
  ______________________________________________________________________________________________________
	 	 	 
	
2. 		
Address for Notices to Selling Stockholder:

	

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________

Telephone:
________________________________________________________________________________________________________________

Fax:
_____________________________________________________________________________________________________________________

Contact Person:
____________________________________________________________________________________________________________

- 3 -

3. 

Beneficial Ownership of Registrable Securities: 

  Type and Principal Amount of Registrable Securities beneficially owned:

  _______________________________________________________________________________________________________________

                     _______________________________________________________________________________________________________________

                     _______________________________________________________________________________________________________________

	
4. 		
Broker-Dealer Status:

	
		

		
(a)	
Are you a broker-dealer?

Yes___  No ___

Note: 
If yes, the Commission’s staff has indicated that you should be identified as an
underwriter in the Registration Statement. 

(b)  

Are
you an affiliate of a broker-dealer?

Yes___  No ___

(c)

If you are an affiliate of a broker-dealer, do you certify that you bought the Registrable Securities in the ordinary course of business, and at the time of the purchase of the Registrable Securities to be resold, you had no
agreements or understandings, directly or indirectly, with any person to distribute the Registrable Securities?

 Yes___  No ___

 Note: If no, the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement. 

5. 

Beneficial Ownership of Other Securities of the Company Owned by the Selling
Stockholder.

Except as set forth below in this Item 5, the undersigned is not the beneficial or registered owner of any securities of the Company other than the Registrable Securities listed above in Item 3. 

Type and Amount of Other Securities beneficially owned by the Selling Stockholder:

6. 

Relationships with the Company:

Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other
material relationship with the Company (or its predecessors or affiliates) during the past three years. 

- 4 -

State any exceptions here:

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________

7.  

The Company has advised each Selling Stockholder that it may not use shares registered on the Registration Statement to cover short sales of Common Stock made prior to the date on which the Registration Statement is declared effective by
the Commission, in accordance with 1997 Securities and Exchange Commission Manual of Publicly Available Telephone Interpretations Section A.65. If a Selling Stockholder uses the prospectus for any sale of the Common Stock, it will be subject to the
prospectus delivery requirements of the Securities Act. The Selling Stockholders will be responsible to comply with the applicable provisions of the Securities Act and Exchange Act, and the rules and regulations thereunder promulgated, including,
without limitation, Regulation M, as applicable to such Selling Stockholders in connection with resales of their respective shares under the Registration Statement. 

The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof and prior to the Effective Date for the Registration Statement. 

By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 6 and the inclusion of such information in the Registration Statement and the related prospectus. The undersigned
understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration Statement and the related prospectus.

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly authorized agent. 

 

	Dated:
    __________________________________________________	

Beneficial Owner: _________________________________

By: ____________________________________________

Name:

Title: 

    

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND 

QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

Pillsbury Winthrop Shaw Pittman LLP

2300 N Street, NW 

Washington, D.C. 20037 

Facsimile: (202) 663-8007 

Attn.: Dawn Bernd-Schulz, Esq. 

- 5 -

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