Document:

exv4w4

Exhibit 4.4

	 	 	 

	NUMBER

	 	SHARES
	*0*

	 	*0*

	 	 	 	 	 

	 
	 	AMB PROPERTY CORPORATION	 	 
	 	 	 	 	 
	THIS CERTIFICATE IS 

TRANSFERABLE IN 

CANTON, MA OR NEW YORK, NY
	 	INCORPORATED UNDER THE LAWS OF THE

STATE OF MARYLAND
	 	SEE REVERSE FOR IMPORTANT

NOTICE

ON TRANSFER RESTRICTIONS

AND OTHER INFORMATION
	 	 	 	 	 
	 
	 	 	 	CUSIP [         ]

THIS CERTIFIES THAT

**Specimen**

IS THE OWNER OF **Zero (0)**

          FULLY PAID AND NONASSESSABLE SHARES OF THE SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK, PAR VALUE $0.01 PER SHARE, OF

AMB PROPERTY CORPORATION

(the “Corporation”) transferable on the books of the Corporation by the holder
hereof in person or by its duly authorized attorney, upon surrender of this
Certificate properly endorsed. This Certificate and the shares represented
hereby are issued and shall be paid subject to all of the provisions of the
charter of the Corporation (the “Charter”) and the Bylaws of the Corporation and
any amendments thereto. This Certificate is not valid unless countersigned and
registered by the Transfer Agent and Registrar.

          IN WITNESS WHEREOF, the Corporation has caused this Certificate to be
executed on its behalf by its duly authorized officers.

DATED [_____] [__], [____]

			
	Countersigned and Registered:	 	Computershare Trust Company, N.A.

Transfer Agent

and Registrar

  
	 	 	 

	/s/ [_______]                                                            (SEAL)
 

	 	 

President

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

Authorized Signature
	 	 

	 	 	 

	/s/
 

Secretary

	 	 

 

 

AMB PROPERTY CORPORATION

CLASSES OF STOCK

          THE CORPORATION IS AUTHORIZED TO ISSUE CAPITAL STOCK OF MORE THAN ONE
CLASS, CONSISTING OF COMMON STOCK AND ONE OR MORE CLASSES OF PREFERRED STOCK.
THE BOARD OF DIRECTORS IS AUTHORIZED TO DETERMINE THE PREFERENCES, LIMITATIONS
AND RELATIVE RIGHTS OF ANY CLASS OF PREFERRED STOCK BEFORE THE ISSUANCE OF
SHARES OF SUCH CLASS OF PREFERRED STOCK. THE CORPORATION WILL FURNISH, WITHOUT
CHARGE, TO ANY STOCKHOLDER MAKING A WRITTEN REQUEST THEREFOR, A COPY OF THE
CORPORATION’S CHARTER AND A WRITTEN STATEMENT OF THE DESIGNATIONS, RELATIVE
RIGHTS, PREFERENCES, CONVERSION OR OTHER RIGHTS, VOTING POWERS, RESTRICTIONS,
LIMITATIONS AS TO DIVIDENDS AND OTHER DISTRIBUTIONS, QUALIFICATIONS AND TERMS
AND CONDITIONS OF REDEMPTION OF THE STOCK OF EACH CLASS WHICH THE CORPORATION
HAS THE AUTHORITY TO ISSUE AND, IF THE CORPORATION IS AUTHORIZED TO ISSUE ANY
PREFERRED OR SPECIAL CLASS IN SERIES, (i) THE DIFFERENCES IN THE RELATIVE RIGHTS
AND PREFERENCES BETWEEN THE SHARES OF EACH SERIES TO THE EXTENT SET, AND (ii)
THE AUTHORITY OF THE BOARD OF DIRECTORS TO SET SUCH RIGHTS AND PREFERENCES OF
SUBSEQUENT SERIES. REQUESTS FOR SUCH WRITTEN STATEMENT MAY BE DIRECTED TO THE
SECRETARY OF THE CORPORATION AT ITS PRINCIPAL OFFICE.

RESTRICTIONS ON OWNERSHIP AND TRANSFER

IF THIS CERTIFICATE REPRESENTS SHARES OF PREFERRED STOCK, THE FOLLOWING

RESTRICTIONS SHALL APPLY:

          THE SHARES OF SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON OWNERSHIP AND TRANSFER FOR THE PURPOSE
OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL ESTATE INVESTMENT TRUST UNDER
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. SUBJECT TO CERTAIN FURTHER RESTRICTIONS
AND EXCEPT AS EXPRESSLY PROVIDED IN THE ARTICLES SUPPLEMENTARY FOR THE SERIES S
CUMULATIVE REDEEMABLE PREFERRED STOCK, NO PERSON, OR PERSONS ACTING AS A GROUP, MAY AT
ANY TIME, DIRECTLY OR INDIRECTLY, OWN SHARES OF THE CORPORATION’S SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK IN EXCESS OF 25% OF THE OUTSTANDING SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK OF THE CORPORATION. WITHIN 10 DAYS OF BECOMING AWARE OF ANY
PERSON WHO OWNS SHARES OF THE CORPORATION’S SERIES S CUMULATIVE REDEEMABLE PREFERRED
STOCK IN EXCESS OF THE ABOVE LIMITATION, THE CORPORATION SHALL REDEEM ANY AND ALL SUCH
EXCESS PREFERRED SHARES UPON THE TERMS AND CONDITIONS SET FORTH IN THE ARTICLES
SUPPLEMENTARY FOR THE SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK. ALL TERMS IN THIS
LEGEND WHICH ARE DEFINED IN THE ARTICLES SUPPLEMENTARY FOR THE SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN SUCH ARTICLES
SUPPLEMENTARY, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A COPY OF WHICH, INCLUDING
THE RESTRICTIONS ON TRANSFER AND OWNERSHIP, WILL BE FURNISHED TO EACH HOLDER OF SERIES S
CUMULATIVE REDEEMABLE PREFERRED STOCK ON REQUEST AND WITHOUT CHARGE. REQUESTS FOR SUCH A
COPY MAY BE DIRECTED TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL OFFICE.

THE SHARES OF SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE OWNERSHIP AND
TRANSFER FOR THE PURPOSE OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL
ESTATE INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”). SUBJECT TO CERTAIN FURTHER RESTRICTIONS AND EXCEPT AS EXPRESSLY PROVIDED IN
THE ARTICLES SUPPLEMENTARY FOR THE SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK, (i)
NO PERSON MAY BENEFICIALLY OWN SHARES OF THE CORPORATION’S SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK WHICH, TAKING INTO ACCOUNT ANY OTHER CAPITAL STOCK OF THE
CORPORATION BENEFICIALLY OWNED BY SUCH PERSON, WOULD RESULT IN SUCH PERSON BENEFICIALLY
OWNING SHARES IN EXCESS OF 9.8% (BY VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE
RESTRICTIVE) OF THE OUTSTANDING SHARES OF THE

 

 

CORPORATION; (ii) NO PERSON MAY
CONSTRUCTIVELY OWN SHARES OF THE CORPORATION’S SERIES S CUMULATIVE REDEEMABLE PREFERRED
STOCK WHICH, TAKING INTO ACCOUNT ANY OTHER CAPITAL STOCK OF THE CORPORATION
CONSTRUCTIVELY OWNED BY SUCH PERSON, WOULD RESULT IN SUCH PERSON CONSTRUCTIVELY OWNING
SHARES IN EXCESS OF 9.8% (BY VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE
RESTRICTIVE) OF THE OUTSTANDING SHARES OF THE CORPORATION; (iii) NO PERSON MAY
BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF THE CORPORATION’S SERIES S CUMULATIVE
REDEEMABLE PREFERRED STOCK THAT, TAKING INTO ACCOUNT ANY OTHER CAPITAL STOCK OF THE
CORPORATION BENEFICIALLY OR CONSTRUCTIVELY OWNED BY SUCH PERSON, WOULD RESULT IN THE
CORPORATION BEING “CLOSELY HELD” UNDER SECTION 856(h) OF THE CODE OR OTHERWISE CAUSE
THE CORPORATION TO FAIL TO QUALIFY AS A REIT; AND (iv) NO PERSON MAY TRANSFER SHARES OF
SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK IF SUCH TRANSFER WOULD RESULT IN THE
CAPITAL STOCK OF THE CORPORATION BEING OWNED BY FEWER THAN 100 PERSONS. ANY PERSON WHO
BENEFICIALLY OR CONSTRUCTIVELY OWNS OR ATTEMPTS TO BENEFICIALLY OR CONSTRUCTIVELY OWN
SHARES OF SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK WHICH CAUSES OR WILL CAUSE A
PERSON TO BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES OF SERIES S CUMULATIVE REDEEMABLE
PREFERRED STOCK IN EXCESS OF THE ABOVE LIMITATIONS MUST IMMEDIATELY NOTIFY THE
CORPORATION. IF ANY OF THE RESTRICTIONS ON TRANSFER OR OWNERSHIP ARE VIOLATED, THE
SHARES OF SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK REPRESENTED HEREBY WILL BE
AUTOMATICALLY TRANSFERRED TO THE TRUSTEE OF A TRUST FOR THE BENEFIT OF ONE OR MORE
CHARITABLE BENEFICIARIES. IN ADDITION, THE CORPORATION MAY REDEEM SHARES UPON THE
TERMS AND CONDITIONS SPECIFIED BY THE BOARD OF DIRECTORS IN ITS SOLE DISCRETION IF THE
BOARD OF DIRECTORS DETERMINES THAT OWNERSHIP OR A TRANSFER OR OTHER EVENT MAY VIOLATE
THE RESTRICTIONS DESCRIBED ABOVE. FURTHERMORE, UPON THE OCCURRENCE OF CERTAIN EVENTS,
ATTEMPTED TRANSFERS IN VIOLATION OF THE RESTRICTIONS DESCRIBED ABOVE MAY BE VOID AB
INITIO. ALL TERMS IN THIS LEGEND WHICH ARE DEFINED IN THE ARTICLES SUPPLEMENTARY FOR
THE SERIES S CUMULATIVE REDEEMABLE PREFERRED STOCK SHALL HAVE THE MEANINGS ASCRIBED TO
THEM IN SUCH ARTICLES SUPPLEMENTARY, AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A
COPY OF WHICH, INCLUDING THE RESTRICTIONS ON TRANSFER AND OWNERSHIP, WILL BE FURNISHED
TO EACH HOLDER OF SERIES S PREFERRED SHARES ON REQUEST AND WITHOUT CHARGE. REQUESTS
FOR SUCH A COPY MAY BE DIRECTED TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL
OFFICE.

IF THE CERTIFICATE REPRESENTS SHARES OF COMMON STOCK, THE FOLLOWING RESTRICTIONS

SHALL APPLY:

          THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE OWNERSHIP AND TRANSFER FOR THE
PURPOSE OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL ESTATE
INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”). SUBJECT TO CERTAIN FURTHER RESTRICTIONS AND EXCEPT AS EXPRESSLY
PROVIDED IN THE CORPORATION’S CHARTER, (I) NO PERSON MAY BENEFICIALLY OR
CONSTRUCTIVELY OWN SHARES OF THE CORPORATION’S COMMON STOCK IN EXCESS OF 9.8%
(BY VALUE OR BY NUMBER OF SHARES, WHICHEVER IS MORE RESTRICTIVE) OF THE
OUTSTANDING COMMON STOCK OF THE CORPORATION; (II) NO PERSON MAY BENEFICIALLY OR
CONSTRUCTIVELY OWN SHARES OF COMMON STOCK THAT WOULD RESULT IN THE CORPORATION
BEING “CLOSELY HELD” UNDER SECTION 856(h) OF THE CODE OR OTHERWISE CAUSE THE
CORPORATION TO FAIL TO QUALIFY AS A REIT; AND (III) NO PERSON MAY TRANSFER
SHARES OF COMMON STOCK IF SUCH TRANSFER WOULD RESULT IN THE CAPITAL STOCK OF THE
CORPORATION BEING OWNED BY FEWER THAN 100 PERSONS. ANY PERSON WHO BENEFICIALLY
OR CONSTRUCTIVELY OWNS OR ATTEMPTS TO BENEFICIALLY OR CONSTRUCTIVELY OWN SHARES
OF COMMON STOCK IN VIOLATION OF THE ABOVE LIMITATIONS MUST IMMEDIATELY NOTIFY
THE CORPORATION. IF ANY OF THE RESTRICTIONS ON TRANSFER OR OWNERSHIP ARE
VIOLATED, THE SHARES OF COMMON STOCK REPRESENTED HEREBY WILL BE AUTOMATICALLY
TRANSFERRED TO THE TRUSTEE OF A TRUST FOR THE BENEFIT OF ONE OR MORE CHARITABLE
BENEFICIARIES. IN ADDITION, THE CORPORATION MAY REDEEM SHARES UPON THE TERMS AND
CONDITIONS SPECIFIED BY THE BOARD OF DIRECTORS IN ITS SOLE DISCRETION IF THE
BOARD OF DIRECTORS DETERMINES THAT OWNERSHIP OR A TRANSFER OR OTHER EVENT MAY
VIOLATE THE RESTRICTIONS DESCRIBED ABOVE. FURTHERMORE, UPON THE OCCURRENCE OF

 

 

CERTAIN EVENTS, ATTEMPTED TRANSFERS IN VIOLATION OF THE RESTRICTIONS DESCRIBED
ABOVE MAY BE VOID AB INITIO. ALL TERMS IN THIS LEGEND THAT ARE DEFINED IN THE
CHARTER OF THE CORPORATION SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN THE
CHARTER OF THE CORPORATION AS THE SAME MAY BE AMENDED FROM TIME TO TIME, A COPY
OF WHICH, INCLUDING THE RESTRICTIONS ON TRANSFER AND OWNERSHIP, WILL BE
FURNISHED TO EACH HOLDER OF SHARES OF COMMON STOCK ON REQUEST AND WITHOUT
CHARGE. REQUESTS FOR SUCH A COPY MAY BE DIRECTED TO THE SECRETARY OF THE
CORPORATION AT ITS PRINCIPAL OFFICE.

          The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

	 	 	 	 	 	 	 

	TEN COM — as
tenants in common

	 	UNIF GIFT MIN ACT
	 	 	 	Custodian
	 

	 	 	 	 	 	 
	TEN ENT — as
tenants by the
entireties

	 	 	 	(Custodian)
	 	(Minor)
	JT TEN  — as joint
tenants with right
of
survivorship and
not as tenants in
common

	 	 	 	under Uniform Gifts
to Minors Act of	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	(State)	 	 

     Additional abbreviations may also be used though not in the above list.

  FOR VALUE RECEIVED,                      DOES HEREBY SELL, ASSIGN AND TRANSFER UNTO

	 	 

	PLEASE INSERT SOCIAL SECURITY OR OTHER

	IDENTIFYING NUMBER OF ASSIGNEE

	 
	[                                                       ]

 

(Please Print or Typewrite Name and Address, Including Zip Code, of Assignee)

 

 

 

 

of the Series S Cumulative Redeemable Preferred Stock represented by the
within Certificate and does hereby irrevocably constitute and appoint

 

to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises.

Dated                                         

 

 

	 	 	 	 	 	 	 

	 

	 	X	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	X	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 	 	 	 	 	 

	 

	 	NOTICE:
	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND
WITH THE NAMES AS WRITTEN UPON THE FACE OF THE
CERTIFICATE IN EVERY PARTICULAR, WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
	 	 

   Signature(s) Guaranteed

	 	 	 	 	 

	By
	 	 	 	 
	 

	 	 

	 	 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN
AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE
17Ad-15.exv4w1

Exhibit 4.1

EXECUTION COPY

 

FIFTH STREET FINANCE CORP.,

as Issuer,

and

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

INDENTURE

Dated as of April 12, 2011

5.375% SENIOR CONVERTIBLE NOTES DUE 2016

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I

	 
	 	 	 	 
	DEFINITIONS

	 
	 	 	 	 
	Section 1.01. Definitions
	 	 	6	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES

	 
	 	 	 	 
	Section 2.01. Designation and Amount
	 	 	15	 
	 
	 	 	 	 
	Section 2.02. Form of Notes
	 	 	16	 
	 
	 	 	 	 
	Section 2.03. Date and Denomination of Notes; Payments of Interest
	 	 	16	 
	 
	 	 	 	 
	Section 2.04. Security Registrar, Conversion Agent and Paying Agent
	 	 	17	 
	 
	 	 	 	 
	Section 2.05. Conversion Agent and Paying Agent to Hold Money and Property in Trust
	 	 	17	 
	 
	 	 	 	 
	Section 2.06. Holder Lists
	 	 	18	 
	 
	 	 	 	 
	Section 2.07. Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary
	 	 	18	 
	 
	 	 	 	 
	Section 2.08. Mutilated, Destroyed, Lost or Stolen Notes
	 	 	21	 
	 
	 	 	 	 
	Section 2.09. Cancellation
	 	 	21	 
	 
	 	 	 	 
	Section 2.10. Payment of Interest; Defaulted Interest
	 	 	22	 
	 
	 	 	 	 
	Section 2.11. Execution, Authentication, Delivery and Dating
	 	 	23	 
	 
	 	 	 	 
	Section 2.12. No Sinking Fund
	 	 	24	 
	 
	 	 	 	 
	Section 2.13. Ranking
	 	 	24	 
	 
	 	 	 	 
	Section 2.14. CUSIP Numbers
	 	 	24	 
	 
	 	 	 	 
	Section 2.15. Additional Notes
	 	 	24	 

 

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE III

	 
	 	 	 	 
	REDEMPTION

	 
	 	 	 	 
	Section 3.01. No Right to Redeem
	 	 	25	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	PARTICULAR COVENANTS OF THE COMPANY

	 
	 	 	 	 
	Section 4.01. Payment of Notes.
	 	 	25	 
	 
	 	 	 	 
	Section 4.02. Maintenance of Office or Agency
	 	 	25	 
	 
	 	 	 	 
	Section 4.03. Compliance Certificate; Notice of Default
	 	 	26	 
	 
	 	 	 	 
	Section 4.04. Reservation of Common Stock
	 	 	26	 
	 
	 	 	 	 
	Section 4.05. Issuance of Shares
	 	 	26	 
	 
	 	 	 	 
	Section 4.06. Transfer Taxes
	 	 	26	 
	 
	 	 	 	 
	Section 4.07. Reports by Company; 144A Information.
	 	 	26	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	DEFAULTS AND REMEDIES

	 
	 	 	 	 
	Section 5.01. Events of Default
	 	 	27	 
	 
	 	 	 	 
	Section 5.02. Acceleration.
	 	 	29	 
	 
	 	 	 	 
	Section 5.03. Other Remedies
	 	 	30	 
	 
	 	 	 	 
	Section 5.04. [RESERVED]
	 	 	30	 
	 
	 	 	 	 
	Section 5.05. Waiver of Past Defaults
	 	 	30	 
	 
	 	 	 	 
	Section 5.06. Control by Majority
	 	 	31	 
	 
	 	 	 	 
	Section 5.07. Limitation on Suits
	 	 	31	 
	 
	 	 	 	 
	Section 5.08. Rights of Holders of Notes to Receive Payment or Effect Conversion
	 	 	31	 
	 
	 	 	 	 
	Section 5.09. Collection Suit by Trustee
	 	 	31	 
	 
	 	 	 	 
	Section 5.10. Trustee May File Proofs of Claim
	 	 	32	 
	 
	 	 	 	 
	Section 5.11. Priorities
	 	 	32	 
	 
	 	 	 	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	Section 5.12. Undertaking for Costs
	 	 	32	 
	 
	 	 	 	 
	Section 5.13. Restricted Securities; Additional Interest
	 	 	33	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	TRUSTEE

	 
	 	 	 	 
	Section 6.01. Duties of Trustee
	 	 	34	 
	 
	 	 	 	 
	Section 6.02. Rights of Trustee
	 	 	35	 
	 
	 	 	 	 
	Section 6.03. Individual Rights of Trustee
	 	 	37	 
	 
	 	 	 	 
	Section 6.04. Trustee’s Disclaimer
	 	 	37	 
	 
	 	 	 	 
	Section 6.05. Notice of Defaults
	 	 	37	 
	 
	 	 	 	 
	Section 6.06. Agents
	 	 	37	 
	 
	 	 	 	 
	Section 6.07. Compensation and Indemnity
	 	 	37	 
	 
	 	 	 	 
	Section 6.08. Replacement of Trustee
	 	 	38	 
	 
	 	 	 	 
	Section 6.09. Successor Trustee by Merger
	 	 	39	 
	 
	 	 	 	 
	Section 6.10. Eligibility; Disqualification
	 	 	39	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS

	 
	 	 	 	 
	Section 7.01. Satisfaction and Discharge of Indenture
	 	 	40	 
	 
	 	 	 	 
	Section 7.02. Application of Funds or Securities Deposited for Payment of Notes
	 	 	40	 
	 
	 	 	 	 
	Section 7.03. Repayment by Trustee, Paying Agent or Conversion Agent
	 	 	40	 
	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	SUPPLEMENTAL INDENTURES AND AMENDMENTS

	 
	 	 	 	 
	Section 8.01. Without Consent of Noteholders
	 	 	41	 
	 
	 	 	 	 
	Section 8.02. Modification and Amendment with Consent of Noteholders
	 	 	42	 
	 
	 	 	 	 
	Section 8.03. Execution of Supplemental Indentures, Agreements and Waivers
	 	 	43	 
	 
	 	 	 	 
	Section 8.04. Effect of Supplemental Indentures
	 	 	43	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	Section 8.05. Compliance with Trust Indenture Act
	 	 	43	 
	 
	 	 	 	 
	Section 8.06. Reference in Notes to Supplemental Indentures
	 	 	44	 
	 
	 	 	 	 
	Section 8.07. Revocation and Effect of Consents and Waivers
	 	 	44	 
	 
	 	 	 	 
	Section 8.08. Notation on or Exchange of Notes
	 	 	44	 
	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

	 
	 	 	 	 
	Section 9.01. Consolidation, Merger and Sale of Assets
	 	 	44	 
	 
	 	 	 	 
	Section 9.02. Successor Substituted
	 	 	45	 
	 
	 	 	 	 
	ARTICLE X

	 
	 	 	 	 
	CONVERSION OF NOTES

	 
	 	 	 	 
	Section 10.01. Conversion Privilege
	 	 	45	 
	 
	 	 	 	 
	Section 10.02. Conversion Procedures
	 	 	49	 
	 
	 	 	 	 
	Section 10.03. Payments Upon Conversion
	 	 	50	 
	 
	 	 	 	 
	Section 10.04. Adjustment of Conversion Rate
	 	 	51	 
	 
	 	 	 	 
	Section 10.05. Shares to be Fully Paid
	 	 	60	 
	 
	 	 	 	 
	Section 10.06. Effect of Reclassification, Consolidation, Merger or Sale
	 	 	60	 
	 
	 	 	 	 
	Section 10.07. Notice to Holders Prior to Certain Actions
	 	 	60	 
	 
	 	 	 	 
	Section 10.08. Shareholder Rights Plans
	 	 	61	 
	 
	 	 	 	 
	Section 10.09. Company to Comply with NYSE Rules
	 	 	61	 
	 
	 	 	 	 
	ARTICLE XI

	 
	 	 	 	 
	REPURCHASE OF NOTES AT OPTION OF HOLDERS

	 
	 	 	 	 
	Section 11.01. Repurchase at Option of Holders Upon a Fundamental Change
	 	 	62	 
	 
	 	 	 	 
	Section 11.02. Compliance with Tender Offer Rules
	 	 	65	 

iv

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE XII

	 
	 	 	 	 
	MISCELLANEOUS PROVISIONS

	 
	 	 	 	 
	Section 12.01. Trust Indenture Act Controls
	 	 	65	 
	 
	 	 	 	 
	Section 12.02. Certificate and Opinion as to Conditions Precedent
	 	 	65	 
	 
	 	 	 	 
	Section 12.03. Statements Required in Certificate or Opinion
	 	 	66	 
	 
	 	 	 	 
	Section 12.04. Successors
	 	 	66	 
	 
	 	 	 	 
	Section 12.05. Official Acts by Successor Corporation
	 	 	66	 
	 
	 	 	 	 
	Section 12.06. Addresses for Notices, Etc
	 	 	66	 
	 
	 	 	 	 
	Section 12.07. Governing Law
	 	 	67	 
	 
	 	 	 	 
	Section 12.08. Benefits of Indenture
	 	 	67	 
	 
	 	 	 	 
	Section 12.09. Table of Contents, Headings, Etc
	 	 	67	 
	 
	 	 	 	 
	Section 12.10. Counterparts
	 	 	67	 
	 
	 	 	 	 
	Section 12.11. Trustee
	 	 	67	 
	 
	 	 	 	 
	Section 12.12. Further Instruments and Acts
	 	 	67	 
	 
	 	 	 	 
	Section 12.13. Waiver of Jury Trial
	 	 	68	 
	 
	 	 	 	 
	Section 12.14. Force Majeure
	 	 	68	 
	 
	 	 	 	 
	Section 12.15. Calculations
	 	 	68	 
	 
	 	 	 	 
	 
	 	 	 	 
	Schedule A Additional Share Table
	 	 	 	 
	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
	 	 	 	 
	Exhibit E Form of Restrictive Legend for Common Stock Issued upon Conversion
	 	 	 	 

v

 

INDENTURE

5.375% Senior Convertible Notes due 2016

          INDENTURE, dated as of April 12, 2011 (this “Indenture”), between FIFTH STREET FINANCE CORP.,
a corporation organized under the laws of Delaware, as issuer (the “Company”), and DEUTSCHE BANK
TRUST COMPANY AMERICAS, a New York banking corporation, as trustee hereunder (the “Trustee”).

RECITALS OF THE COMPANY:

          WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance of its 5.375% Senior Convertible Notes due 2016 (the “Notes”), initially
in an aggregate principal amount not to exceed $174,500,000; 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 this Indenture, the valid and binding
obligations of the Company, and to make this Indenture the valid and binding agreement of each of
the Company and the Trustee in accordance with the terms hereof, have been done and performed.

NOW THEREFORE, THIS INDENTURE WITNESSETH:

          For and in consideration of the premises and of the covenants contained herein, the Company
and the Trustee covenant and agree, for the equal and proportionate benefit of all Holders (as
defined below) of the Notes issued on or after the date of this Indenture, as follows:

ARTICLE I

DEFINITIONS

          Section 1.01. Definitions. For all purposes of this Indenture, except as otherwise
expressly provided for or unless the context otherwise requires:

          “Additional Interest” shall have the meaning specified in Section 5.13(a).

          “Additional Interest Period” shall have the meaning specified in Section 5.13(a).

          “Additional Notes” shall have the meaning specified in Section 2.15.

          “Additional Shares” shall have the meaning specified in Section 10.01(b).

          “Administrator” shall mean the Company’s administrator, initially FSC, Inc.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified

6

 

Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the
terms “controlling” and “controlled” have meanings correlative to the foregoing.

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

          “Authenticating Agent” shall have the meaning specified in Section 2.11.

          “Averaging Period” shall have the meaning specified in Section 10.04(e).

          “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state law for the relief
of debtors.

          “Board of Directors” means the Board of Directors of the Company, the executive committee or
any other committee or director of that board duly authorized to act for it in respect hereof.

          “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors or a committee
thereof, and to be in full force and effect on the date of such certification, and delivered to the
Trustee.

          “Business Day” means any day, other than a Saturday, a Sunday or a day on which the Federal
Reserve Bank of New York is authorized or required by law or executive order to close or be closed.

          “Capital Stock” means, with respect to any Person, any capital stock (including preferred
stock), shares, interest, participations or other ownership interests (however designated) of such
Person and any rights, warrants or options (other than debt securities convertible into or
exchangeable for corporate stock) to purchase any of the foregoing.

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

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

          “Common Stock” means, subject to Section 10.06, shares of common stock of the Company, par
value $0.01 per share, at the date of this 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.

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          “Company” means only the Person named as the “Company” in the first paragraph of this
Indenture until a successor corporation shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Company” shall mean such successor corporation.

          “Company Order” means a written request or order signed in the name of the Company by the
President, a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant
Secretary of the Company, and delivered to the Trustee.

          “Conversion Agent” shall mean the Trustee or any successor office or agency where the Notes
may be surrendered for conversion.

          “Conversion Date” shall have the meaning specified in Section 10.02(b).

          “Conversion Notice” shall have the meaning specified in Section 10.02(b)(i).

          “Conversion Obligation” shall have the meaning specified in Section 10.01(a).

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

          “Conversion Rate” shall have the meaning specified in Section 10.01(a).

          “Corporate Trust Office” means the office of the Trustee at which at any time its corporate
trust business shall be administered, which office at the date hereof is located at 60 Wall Street,
MS NYC 60-2710, New York, New York, 10005, Attention: Corporates Team Deal Manager — Fifth Street
Finance, or such other address as the Trustee may designate from time to time by notice to the
Holders and the Company, or the principal corporate trust office of any successor Trustee (or such
other address as such successor Trustee may designate from time to time by notice to the Holders
and the Company).

          “Custodian” means the Trustee, as custodian for The Depository Insurance Company, with respect
to the Global Notes, or any successor entity thereto.

          “Default” means an event that is, or after notice or passage of time, or both, would be, an
Event of Default with respect to the Notes.

          “Defaulted Interest” shall have the meaning specified in Section 2.10.

          “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global
form, the Person specified in the Notes as the Depositary with respect to such Notes, until a
successor shall have been appointed, and thereafter, “Depositary” shall mean or include such
successor.

          “Distributed Property” shall have the meaning specified in Section 10.04(c)(i).

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          “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United
States of America as at the time shall be legal tender for payment of public and private debts.

          “DTA” shall have the meaning specified in Section 10.04(d).

          “Effective Date” shall have the meaning specified in Section 10.01(d).

          “Event of Default” means, with respect to the Notes, any event specified in Section 5.01.

          “Ex-Dividend Date” means, for any issuance, dividend or distribution, the first date on which
the shares of Common Stock trade on the applicable exchange or in the applicable market, regular
way, without the right to receive such issuance, dividend or distribution, from the Company or, if
applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or
otherwise) as determined by such exchange or market.

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

          “Filing Additional Interest” shall have the meaning specified in Section 5.01.

          “Filing Failure” shall have the meaning specified in Section 5.01.

          “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 other than those excluded under clause (c) below) 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), directly or indirectly, 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) other than any transaction between
the Company and the Administrator and/or the Investment Manager or any of their successor
entities;

     (b) the adoption of a plan relating to the liquidation or dissolution of the Company;

     (c) 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 that does not result in any reclassification, conversion,
exchange or cancellation of all or substantially all of the outstanding shares of
Capital Stock of the Company;

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     (ii) any changes resulting from a subdivision or combination or change solely
in par value;

     (iii) any transaction pursuant to which the holders of 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 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 continuing or surviving Person entitled to vote
generally in elections of directors immediately after giving effect to such
transaction;

     (iv) 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; or

     (v) any consolidation or merger with or into the Investment Manager and/or the
Administrator or their successor entities.

     (d) the termination of trading of Common Stock (or other common stock issuable upon
conversion of the Notes), which will be deemed to have occurred if the Common Stock (or
other common stock issuable upon conversion of the Notes) is not listed for trading on the
New York Stock Exchange, NYSE Amex, the NASDAQ Global Market or the NASDAQ Global Select
Market (or any of their respective successors).

          Notwithstanding the foregoing, any transaction or event described above will also not
constitute a Fundamental Change if, in connection with such transaction or event, or as a result
therefrom, a transaction described in clauses (a) or (c) above occurs (without regard to any
exclusion contained in clause (c)), 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) consists of shares of common stock (or depositary receipts in
respect thereof) traded on any of the New York Stock Exchange, NYSE Amex, 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 into the Reference
Property.

          “Fundamental Change Company Notice” shall have the meaning specified in Section 11.01(b).

          “Fundamental Change Repurchase Date” shall have the meaning specified in Section 11.01(a).

          “Fundamental Change Repurchase Notice” shall have the meaning specified in Section
11.01(a)(i).

          “Fundamental Change Repurchase Price” shall have the meaning specified in Section 11.01(a).

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          “GAAP” means generally accepted accounting principles as used in the United States applied on
a consistent basis as in effect from time to time.

          “Global Note” shall have the meaning specified in Section 2.07(f).

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

          “Interest” means, when used with reference to the Notes, any interest payable under the terms
of the Notes, including Additional Interest and Filing Additional Interest, if any.

          “Interest Payment Date” means April 1 and October 1 of each year, beginning on October 1,
2011.

          “Investment Manager” shall mean the Company’s external investment adviser, initially Fifth
Street Management LLC.

          “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 price and the last ask price or, if more than one in either case, the average of
the average last bid prices and the average last ask prices) on that date as reported in composite
transactions for the principal U.S. national or regional securities exchange, if any, on which
Common Stock or such other security is listed. If Common Stock or such other security is not listed
on a U.S. national or regional securities exchange on the relevant date, the Last Reported Sale
Price shall be the last quoted bid price for Common Stock or such other security in the
over-the-counter market on the relevant date as reported by Pink OTC Markets Inc. or a similar
organization. If Common Stock or such other security is not so quoted, the Last Reported Sale Price
shall be the average of the mid-point of the last bid price and the last ask price for 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 this purpose.

          “Lien” means any security interest, pledge, lien or other encumbrance.

          “Limitation” shall have the meaning specified in Section 10.03(d).

          “Maturity Date” means April 1, 2016.

          “Merger Event” shall have the meaning specified in Section 10.06(a).

          “Non-Stock Change of Control” shall have the meaning specified in Section 10.01(b).

          “Note” or “Notes” shall have the meaning specified in the first paragraph of the recitals of
this Indenture.

          “Note Register” shall have the meaning specified in Section 2.04.

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          “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 Note Register.

          “Officers’ Certificate” means a certificate signed by the Chief Executive Officer, President
or a Vice President and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant
Secretary, of the Company, and delivered to the Trustee. Each such certificate shall include the
statements provided for in Section 12.03, if and to the extent required by the provisions of
Section 12.02.

          “Opening of Business” means 9:00 a.m. (New York City time).

          “Opinion of Counsel” means a written opinion from legal counsel, who may be an employee of or
counsel to the Company; provided, however, that counsel that is an employee of, or counsel to, the
Company shall be acceptable to the Trustee. Each such opinion shall include the statements provided
for in Section 12.03, if and to the extent required by the provisions of Section 12.02.

          “Outstanding”, when used with respect to Notes, means, as of the date of determination, all
Notes theretofore authenticated and delivered under this Indenture, except:

     (a) Notes theretofore cancelled by the Trustee or delivered in accordance with this
Indenture to the Trustee for cancellation (including Notes converted and cancelled pursuant
to this Indenture);

     (b) Notes for whose payment money in the necessary amount has been theretofore
deposited with the Trustee or any Paying Agent (other than the Company) in trust or set
aside and segregated in trust by the Company (if the Company shall act as its own Paying
Agent) for the Holders of such Notes; and

     (c) Notes which have been paid pursuant to Section 2.08 or in exchange for or in lieu
of which other Notes have been authenticated and delivered pursuant to this Indenture, other
than any such Notes in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Notes are held by a bona fide purchaser in whose hands such
Notes are valid obligations of the Company;

          provided, however, that in determining whether the Holders of the requisite principal amount
of the Outstanding Notes have given, made or taken any request, demand, authorization, direction,
notice, consent, waiver or other action hereunder, Notes owned by the Company or any other obligor
upon the Notes or any Affiliate of the Company or of such other obligor shall be disregarded (from
both the numerator and the denominator) and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent, waiver or other action, only Notes which a Responsible
Officer of the Trustee actually knows to be so owned shall be so disregarded. Notes so owned which
have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the
pledgee is not the Company or any other obligor upon the Notes or any Affiliate of the Company or
of such other obligor.

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          “Paying Agent” means the office or agency designated by the Company where Notes may be
presented for payment, initially the Trustee.

          “Person” means any individual, corporation, partnership, limited liability company, joint
venture, association, joint stock company, trust, unincorporated organization or government or any
agency or political subdivision thereof.

          “Physical Notes” means permanent certificated Notes in registered form issued in denominations
of $1,000 principal amount and multiples thereof.

          “Predecessor Security” of any particular Note means every previous Note evidencing all or a
portion of the same debt as that evidenced by such particular Note; for the purposes of this
definition, any Note authenticated and delivered under Section 2.08 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the
mutilated, lost, destroyed or stolen Note that it replaces.

          “Receiver” means any receiver, trustee, assignee, liquidator or other similar official under
any Bankruptcy Law.

          “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 10.06(a).

          “Regulation D Note” means a Note required to carry a Regulation D Note Legend as directed by
Company Order to the Trustee.

          “Regulation D Note Legend” means the restricted legend set forth in Exhibit A hereto under the
caption entitled “Regulation D Note Legend.”

          “Resale Restriction Termination Date” shall have the meaning specified in Section 2.07(b).

          “Responsible Officer” means, when used with respect to the Trustee, any officer within the
corporate trust department of the Trustee (or any successor of the Trustee), including any managing
director, director, vice president, assistant vice president, trust officer or any other officer of
the Trustee who customarily performs functions similar to those performed by the Persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of such person’s knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture.

          “Restricted Common Stock Legend” means the legend set forth in Exhibit E hereto.

          “Restricted Note Legend” means the restricted legend set forth in Exhibit A hereto under the
caption entitled “Restricted Note Legend.”

          “Restricted Securities” shall have the meaning specified in Section 2.07(a).

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          “Rule 144” means Rule 144 under the Securities Act, or any similar successor rule or
regulation, as amended from time to time.

          “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the primary
United States national or regional securities exchange or market on which Common Stock is listed or
admitted for trading. If the Common Stock is not so listed or admitted for trading, Scheduled
Trading Day means a Business Day.

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

          “Security Registrar” means the office or agency maintained by the Company where Notes may be
presented for registration of transfer or exchange, initially the Trustee.

          “Significant Subsidiary” means any Subsidiary which is a “significant subsidiary” (within the
meaning specified in Rule 1-02(w) of Regulation S-X, promulgated under the Securities Act) of the
Company, excluding any Subsidiary of the Company which is (a) a non-recourse or limited recourse
subsidiary, (b) a bankruptcy remote special purpose vehicle, or (c) that is not consolidated with
the Company for purposes of GAAP.

          “Special Record Date” shall have the meaning specified in Section 2.10(1).

          “Spin-Off” shall have the meaning specified in Section 10.04(c)(ii).

          “Stock Price” means the price paid per share of Common Stock in connection with a Non-Stock
Change of Control pursuant to which Additional Shares shall be added to the Conversion Rate as set
forth in Section 10.01(b) hereof. If holders of Common Stock receive only cash in such Non-Stock
Change of Control 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 5 consecutive Trading Day period ending on, and including, the Trading Day
immediately preceding the Effective Date of the Non-Stock Change of Control.

          “Subsidiary” means, with respect to any Person, any corporation or other entity of which a
majority 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.

          “Trading Day” means a day on which (1) trading in Common Stock (or other security for which a
closing price must be determined) generally occurs on the New York Stock Exchange or, if Common
Stock (or such other security) is not then listed on the New York Stock Exchange, on the principal
other U.S. national or regional securities exchange, if any, on which Common Stock (or such other
security) is then listed or, if Common Stock (or such other security) is not then listed on a U.S.
national or regional securities exchange, on the principal other market, if any, on which Common
Stock (or such other security) is then admitted for trading, and (2) a closing price for Common
Stock (or such other security) is available on such

14

 

securities exchange or market. If Common Stock (or other security for which a closing price
must be determined) is not so listed or admitted for trading, Trading Day means a Business Day.

          “Trading Price” of the Notes on any date of determination means the average of the secondary
market bid quotations obtained by the Trustee or other Person appointed by the Company for such
purpose (which appointment may be made without prior notice to the Holders) for $2,000,000
principal amount of the Notes at approximately 3:30 p.m., New York City time, on such determination
date from three independent nationally recognized securities dealers selected by the Company;
provided that if three such bids cannot reasonably be obtained by the Trustee but two such bids are
obtained, then the average of the two bids shall be used, and if only one such bid can reasonably
be obtained by the Trustee, that one bid shall be used. Any such determination will be conclusive
absent manifest error. If the Trustee cannot reasonably obtain at least one bid for $2,000,000
million principal amount of the Notes from a nationally recognized securities dealer, then the
Trading Price per $1,000 principal amount of the Notes will be deemed to be less than 98% of the
product of the Last Reported Sale Price of Common Stock and the Conversion Rate.

          “Trading Price Condition” shall have the meaning specified in Section 10.01(a)(ii).

          “Trigger Event” shall have the meaning specified in Section 10.04(c)(ii).

          “Trust Indenture Act” or “TIA” means the U.S. Trust Indenture Act of 1939, as amended.

          “Trustee” means the Person named as the “Trustee” in the first paragraph of this indenture
until a successor Trustee shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
hereunder.

          “United States” means the United States of America (including the states and the District of
Columbia), its territories, its possessions and other areas subject to its jurisdiction.

          “Valuation Period” shall have the meaning specified in Section 10.04(c)(ii).

          All other terms used in this 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 the Trust Indenture Act and in the Securities Act as in force at the date of the execution of
this Indenture. The words “herein,” “hereof,” “hereunder,” and words of similar import refer to
this 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.

ARTICLE II

ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES

          Section 2.01. Designation and Amount. The Notes shall be designated as the

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“5.375% Senior Convertible Notes due 2016.” The aggregate principal amount of Notes that may
be authenticated and delivered under this Indenture is limited to $174,500,000, except for Notes
authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of
other Notes pursuant to Section 2.07, Section 10.02(d), Section 11.01 and Section 2.08 hereof, and
except for Additional Notes issued pursuant to Section 2.15.

          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.

          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 that are not inconsistent with the
provisions of this 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 Security Registrar, at the direction of the Trustee, in
such manner and upon instructions given by the Holder of such Notes in accordance with this
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 term 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 Indenture
and to the extent applicable, the Company and the Trustee, by their execution and delivery of this
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 Note which shall be in 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. If an Interest Payment Date, a Fundamental Change
Repurchase Date or Maturity Date is not a Business Day, payment will be made on the next succeeding
Business Day, and no additional Interest will accrue thereon as a result thereof.

          The Person in whose name any Note (or its Predecessor Security) is registered on the Note
Register at the Close of Business on any Record Date with respect to any Interest

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Payment Date shall be entitled to receive the accrued and unpaid interest payable on such
Interest Payment Date, subject to Section 4.01(c) 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 Physical Notes by check mailed to the address of the Person entitled thereto as it
appears in the Note Register (or upon written application by such Person to the Security Registrar
at least five Business Days prior to the relevant Interest Payment 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 of $5,000,000 or more) 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 March 15 or September
15 preceding the applicable April 1 or October 1 Interest Payment Date, respectively.

          Section 2.04. Security Registrar, Conversion Agent and Paying Agent. The Trustee
shall initially serve as the Security Registrar, Conversion Agent and Paying Agent for the Notes.
The Security Registrar, the Conversion Agent and the Paying Agent shall each maintain an office or
agency in the Borough of Manhattan, New York City. The Security Registrar shall keep a register of
the Notes and of their transfer and exchange (the “Note Register”). The Company may have one or
more co-registrars and one or more additional conversion agents and paying agents. The term Paying
Agent includes any additional paying agents, the term Conversion Agent includes any additional
conversion agents and the term Security Registrar includes any co-registrar. The Company may
appoint and change any Paying Agent, Conversion Agent or Security Registrar without prior notice to
any Holder.

          The Company shall enter into an appropriate agency agreement with any Security Registrar,
Conversion Agent or Paying Agent that is not a party to this Indenture. The agreement shall
implement the provisions of this Indenture that relate to such agent. The Company shall notify the
Trustee in writing of the name and address of each such agent. If the Company fails to maintain a
Security Registrar, Conversion Agent or Paying Agent, the Trustee shall act as such and shall be
entitled to appropriate compensation therefor pursuant to Section 6.07. The Company or any of its
domestically incorporated wholly-owned Subsidiaries may act as Paying Agent, Conversion Agent or
Security Registrar.

          The Company may remove any Security Registrar, Conversion Agent or Paying Agent upon 30 days
prior written notice to such Security Registrar, Conversion Agent or Paying Agent and to the
Trustee; provided, however, that no such removal shall become effective until (i) acceptance of any
appointment by a successor as evidenced by an appropriate agreement entered into by the Company and
such successor Security Registrar, Conversion Agent or Paying Agent, as the case may be, and such
agreement is delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall
serve as Security Registrar, Conversion Agent or Paying Agent until the appointment of a successor
in accordance with clause (i) above. The Security Registrar, Conversion Agent or Paying Agent may
resign upon 30 days prior written notice to the Company and the Trustee.

          Section 2.05. Conversion Agent and Paying Agent to Hold Money and Property in Trust.
Except as otherwise provided herein, on or prior to 10:00 a.m. (New York City time) on each due
date of payment or settlement date of conversion in respect of any Note, the

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Company shall deposit with the Paying Agent or Conversion Agent, as applicable, a sum of money
(in immediately available funds) and any property due upon conversion sufficient to make such
payments or conversion when due. The Company shall require each Paying Agent or Conversion Agent
(other than the Trustee) to agree in writing that such Paying Agent or Conversion Agent shall hold
in trust for the benefit of Holders or the Trustee all money or property or shares of Common Stock
held by such Paying Agent or Conversion Agent for the payment of principal of, interest on, and
other payments and conversion in respect of the Notes, and shall notify the Trustee in writing of
any Default by the Company in making any such payment or conversion. If the Company or a Subsidiary
acts as Paying Agent or Conversion Agent, it shall segregate the money or property or shares of
Common Stock held by it as Paying Agent or Conversion Agent and hold it as a separate trust fund
for the benefit of the Holders of the Notes. The Company at any time may require a Paying Agent or
Conversion Agent (other than the Trustee) to pay all money or property or shares of Common Stock
held by it to the Trustee and to account for any funds disbursed by such Paying Agent or Conversion
Agent. Upon complying with this Section 2.05, the Paying Agent or Conversion Agent (if other than
the Company or a Subsidiary) shall have no further liability for the money or property or shares of
Common Stock delivered to the Trustee. Upon any bankruptcy, reorganization or similar proceeding
with respect to the Company, the Trustee shall serve as Paying Agent and Conversion Agent for the
Notes.

          Section 2.06. Holder Lists. The Trustee shall preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of Holders.
If the Trustee is not the Security Registrar, the Company, on its own behalf, shall furnish to the
Trustee, in writing, at least seven Business Days before each Interest Payment Date and at such
other times as the Trustee may reasonably request in writing upon at least 15 days’ prior written
request, a list in such form and as of such date as the Trustee may reasonably require of the names
and addresses of Holders.

          Section 2.07. Exchange and Registration of Transfer of Notes; Restrictions on Transfer;
Depositary. (a) Every Note (and all securities issued in exchange therefor or in substitution
thereof) that bears, or is required under this Section 2.07 to bear, the Restricted Note Legend or
the Regulation D Note Legend (together with any Common Stock issued upon conversion of the Notes
that bears, or is required under this Section 2.07 to bear, the Restricted Common Stock Legend,
collectively, the “Restricted Securities”) shall be subject to the restrictions on transfer set
forth in this Section 2.07 (including those set forth in the Restricted Note Legend, the Restricted
Common Stock Legend and the Regulation D Note Legend, as applicable), unless such restrictions on
transfer shall be eliminated or otherwise waived by written consent of the Company following
receipt of legal advice satisfactory to the Company in its sole discretion, supporting the
permissibility of the waiver of such transfer restrictions, and the Holder of each such Note or
shareholder of such Common Stock, as applicable, by such Holder’s or shareholder’s acceptance
thereof, agrees to be bound by all such restrictions on transfer. As used in this Section 2.07, the
term “transfer” means any sale, pledge, loan, transfer or other disposition whatsoever of any
Restricted Security or any interest therein.

     (b) Until the date that is one year after the last date of the original issuance of the Notes
or such later date, if any, as may be required by applicable laws (such applicable date, the
“Resale Restriction Termination Date”): (i) each certificate evidencing a Note (other than a

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Regulation D Note) shall bear the Restricted Note Legend, (ii) each certificate evidencing a
Regulation D Note shall bear the Regulation D Note Legend and (iii) each certificate evidencing
shares of Common Stock issued upon conversion of any such Notes shall bear the Restricted Common
Stock Legend, in each case, unless such Restricted Security has been sold pursuant to a
registration statement that has been declared effective under the Securities Act (and continues to
be effective at the time of such transfer) or sold pursuant to Rule 144, or unless otherwise agreed
by the Company in writing as set forth above, with written notice thereof to the Trustee.

     (c) In connection with any transfer of Notes prior to the Resale Restriction Termination Date,
the holder must complete and deliver the Form of Assignment and Transfer attached hereto as Exhibit
D, with the appropriate box checked, to the Trustee (or any successor Trustee, as applicable).

     (d) Any Notes that are Outstanding following their applicable Resale Restriction Termination
Date and any Notes as to which the conditions for the removal of the Restricted Note Legend or the
Regulation D Note Legend, as applicable, set forth thereon have been satisfied may, upon surrender
of such Notes to the Security Registrar for exchange in accordance with the provisions of this
Section 2.07, be exchanged for a new Note or Notes, of like tenor and aggregate principal amount,
which shall not bear the Restricted Note Legend or the Regulation D Note Legend, as applicable. The
Company will cause the removal of the legends required by Section 2.07(b) from any Global Note
promptly following the Resale Restriction Termination Date by: (i) instructing the Trustee in
writing to remove such legends from such Global Note; (ii) providing to the Trustee and the
Depositary written notice to change the CUSIP number for the Notes to the applicable unrestricted
CUSIP number; and (iii) complying with any Applicable Procedures for delegending or otherwise
exchanging such Global Note for a Global Note not bearing the restrictive legend (including DTC’s
mandatory exchange process, if applicable); whereupon any legends otherwise required by Section
2.07(b) shall be deemed removed from any Global Notes without any further action on the part of the
Holders.

     (e) 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.

     (f) 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,
and bearing the legend set forth in Exhibit A hereto under the caption entitled “Global Note
Legend.” The transfer and exchange of beneficial interests in a Global Note, which does not involve
the issuance of a Physical Note, shall be effected through the Depositary (but not the Trustee or
the Security Registrar) in accordance with this Indenture (including the restrictions on transfer
set forth herein) and the procedures of the Depositary therefor. Notwithstanding the foregoing, a
single Physical Note in the principal amount of up to $2,000,000 may be issued in accordance with
the terms of this Indenture at the election of the Company as set forth in the Company Order with
respect to the authentication of such Physical

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Note and such Physical Note shall be issued to and registered in the name of the Holder
thereof as set forth in the Company Order.

     (g) The Depository shall be a clearing agency registered under the Exchange Act. The Company
initially appoints The Depository Trust Company to act as Depository with respect to each Global
Note. Initially, each Global Note shall be issued to the Depository, registered in the name of Cede
& Co., as the nominee of the Depository, and deposited with the Trustee as custodian for Cede & Co.

     (h) Notwithstanding any other provisions of this Indenture (other than the provisions set
forth in this Section 2.07), a Global Note may not be transferred as a whole or in part except (i)
by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the
Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary and (ii) for transfers of portions
of a Global Note into a Physical Note in accordance with Section 2.07(i)(3) made upon request of a
member of, or a participant in, the Depositary (for itself or on behalf of a beneficial owner) by
written notice given to the Trustee by or on behalf of the Depositary in accordance with customary
procedures of the Depositary.

     (i) If (1) the Depositary notifies the Company at any time that the Depositary is unwilling or
unable to continue as depositary for the Global Notes and a successor depositary is not appointed
within 90 days, (2) the Depositary ceases to be registered as a clearing agency under the Exchange
Act and a successor depositary is not appointed within 90 days or (3) an Event of Default with
respect to the Notes has occurred and is continuing and a beneficial owner of the Notes requests
that its Notes be issued as Physical Notes, the Company will execute, and the Trustee, upon receipt
of an Officers’ Certificate and a Company Order for the authentication and delivery of Notes, will
authenticate and deliver Physical Notes to each such beneficial owner of the related Notes (or a
portion thereof) in an aggregate principal amount equal to the principal amount of such Global
Note, in exchange for such Global Note, and upon delivery of the Global Note to the Trustee such
Global Note shall be canceled.

          Physical Notes issued in exchange for all or a part of the Global Note pursuant to this
Section 2.07(i) shall be registered in such names and in such authorized denominations as the
Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. Upon execution and authentication, the Trustee shall deliver such Physical
Notes to the Persons in whose names such Physical Notes are so registered.

          If Physical Notes are issued, the Holder may present them for conversion, registration of
transfer and exchange, without service charge, at the Company’s office or agency in New York City,
which will initially be the office or agency of the Trustee in New York City. Holders must present
and surrender for cancellation any Physical Notes to the Paying Agent in order to receive the final
principal payment due thereunder.

          At such time as all interests in a Global Note have been converted, canceled, repurchased or
transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance
with standing procedures and existing instructions between the Depositary and the Custodian. At any
time prior to such cancellation, if any interest in a Global Note is

20

 

exchanged for Physical Notes, converted, canceled, repurchased or transferred to a transferee
who receives Physical Notes therefor or any Physical Note is exchanged or transferred for part of
such Global Note, the principal amount of such Global Note shall, in accordance with the standing
procedures and instructions existing between the Depositary and the Custodian, be appropriately
reduced or increased, as the case may be, and an endorsement shall be made on such Global Note, by
the Trustee or the Custodian, at the direction of the Trustee, to reflect such reduction or
increase.

          Section 2.08. Mutilated, Destroyed, Lost or Stolen Notes. If any mutilated Note is
surrendered to the Trustee or the Company, together with such security or indemnity as may be
required by the Company or the Trustee to save each of them or any agent of either of them
harmless, the Company shall execute and the Trustee, upon receipt of a Company Order, shall
authenticate and deliver in exchange therefor a new Note of the same series and principal amount,
containing identical terms and provisions and bearing a number not contemporaneously outstanding.

          If there shall be delivered to the Company and to the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Note, and (ii) such security or indemnity as
may be required by them to save each of them and any agent of either of them harmless, then, in the
absence of actual notice to the Company or the Trustee that such Note has been acquired by a bona
fide purchaser, the Company shall execute and, upon receipt of a Company Order, the Trustee shall
authenticate and deliver, in lieu of any such destroyed, lost or stolen Note, a new Note of the
same series and principal amount, containing identical terms and provisions and bearing a number
not contemporaneously outstanding.

          Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated,
destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Note, pay the amount due and payable with respect to such
Note.

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

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

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

          Section 2.09. Cancellation. To the extent permitted by law, the Company may from time
to time repurchase any Notes in the open market or by tender offer at any price or by

21

 

private agreement without giving prior notice to Holders. The Company may, at its option,
surrender any Notes repurchased by it to the Trustee for cancellation, but may not reissue or
resell such Notes.

          The Company at any time may deliver Notes to the Trustee for cancellation. The Security
Registrar, the Paying Agent and the Conversion Agent shall forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange, payment or conversion. The Trustee and
no one else shall cancel and dispose of them in accordance with its customary procedures and upon
written request of the Company shall return to the Company all Notes surrendered for registration
of transfer, exchange, payment, purchase, conversion or cancellation. All Notes so delivered to the
Trustee shall be cancelled promptly by the Trustee and shall no longer be Outstanding under this
Indenture. The Company may not issue new Notes to replace Notes it has paid or delivered to the
Trustee for cancellation.

          At such time as all beneficial interests in a Global Note have either been exchanged for
definitive Notes, transferred, paid, repurchased, redeemed, converted or canceled, such Global Note
shall be returned by the Depositary or the Custodian to the Trustee for cancellation or retained
and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in
a Global Note is exchanged for Physical Notes, transferred in exchange for an interest in another
Global Note, paid, repurchased, redeemed, converted or canceled, the principal amount of Notes
represented by such Global Note shall be reduced and an adjustment shall be made on the Global Note
and on the Note Register with respect to such Global Note, by the Security Registrar, to reflect
such reduction.

          Section 2.10. Payment of Interest; Defaulted Interest. Subject to Section 4.01(c),
interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest
Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor
Securities) is registered at the Close of Business on the Record Date for such interest at the
office or agency of the Company maintained for such purpose pursuant to Section 2.04.

          Subject to Section 4.01(c), any interest on any Note that is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the
registered Holder thereof on the relevant Record Date by virtue of having been such Holder, and
such defaulted interest and, if applicable, interest on such defaulted interest (to the extent
lawful) at the rate or formula specified in the Notes of such series (such defaulted interest and,
if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the
Company, at its election in each case, as provided in clause (1) or (2) below:

          (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Notes (or their respective Predecessor Securities) are registered at the Close of
Business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed
in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each Note and the date of the proposed payment (which shall not be
less than 20 days after such notice is received by the Trustee), and at the same time the Company
shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid
in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit on or prior to the date of the proposed

22

 

payment, such money when deposited to be held in trust for the benefit of the Persons entitled
to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a record
date (the “Special Record Date”) for the payment of such Defaulted Interest which shall be not more
than 15 days and not less than 10 days prior to the date of the proposed payment and not less than
10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall
promptly notify the Company of such Special Record Date and, in the name and at the expense of the
Company, shall cause notice (which notice shall be prepared by the Company) of the proposed payment
of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage
prepaid, to each Holder of Notes at his address as it appears in the Note Register not less than 10
days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest
and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall
be paid to the Persons in whose names the Notes (or their respective Predecessor Securities) are
registered at the Close of Business on such Special Record Date and shall no longer be payable
pursuant to the following clause (2).

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

          To the extent lawful, payments of principal or interest on the Notes that are not made when
due will accrue interest at the then-applicable interest rate borne by the Notes from the required
payment date in accordance with the provisions of this Indenture.

          Subject to the foregoing provisions of this Section 2.10, each Note delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall
carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Note.

          Section 2.11. Execution, Authentication, Delivery and Dating. The Notes shall be
executed on behalf of the Company by its President or a Vice President and attested by its Chief
Financial Officer, Secretary or an Assistant Secretary. The signature of any of these officers on
the Notes may be manual or facsimile signatures of the present or any future such authorized
officer and may be imprinted or otherwise reproduced on the Notes. Notes bearing the manual or
facsimile signatures of individuals who were at any time the proper officers of the Company shall
bind the Company, notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Notes or did not hold such offices at the
date of such Notes.

          A Note shall not be valid until an authorized signatory of the Trustee manually authenticates
the Note. The signature of the Trustee on a Note shall be conclusive evidence that such Note has
been duly and validly authenticated and issued under this Indenture.

          The Trustee will, upon receipt of a Company Order, authenticate Notes in an unlimited
aggregate principal amount, subject to the provisions of this Indenture. Each Company

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Order will specify the amount of Notes to be authenticated, the date on which the Notes are to
be authenticated.

          The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to the
Company to authenticate the Notes. Unless limited by the terms of such appointment, any such
Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this
Indenture to authentication by the Trustee includes authentication by such Authenticating Agent.

          In case the Company pursuant to Article IX shall be consolidated or merged with or into any
other Person or shall convey, transfer, lease or otherwise dispose of its properties and assets
substantially as an entirety to any Person, and the successor Person resulting from such
consolidation, or surviving such merger, or into which the Company shall have been merged, or the
Person that shall have received a conveyance, transfer, lease or other disposition as aforesaid,
shall have executed an indenture supplemental hereto with the Trustee pursuant to Article VIII, any
of the Notes authenticated or delivered prior to such consolidation, merger, conveyance, transfer,
lease or other disposition may, from time to time, at the request of the successor Person, be
exchanged for other Notes executed in the name of the successor Person with such changes in
phraseology and form as may be appropriate, but otherwise in substance of like tenor as the Notes
surrendered for such exchange and of like principal amount; and the Trustee, upon Company Order of
the successor Person, shall authenticate and deliver Notes as specified in such order for the
purpose of such exchange. If Notes shall at any time be authenticated and delivered in any new name
of a successor Person pursuant to this Section 2.11 in exchange or substitution for or upon
registration of transfer of any Notes, such successor Person, at the option of the Holders but
without expense to them, shall provide for the exchange of all Notes at the time Outstanding for
Notes authenticated and delivered in such new name.

          Section 2.12. No Sinking Fund. No sinking fund is provided for the Notes.

          Section 2.13. Ranking. The Notes constitute a senior general unsecured, senior
obligation of the Company, ranking equally in right of payment with all of the existing and future
senior unsecured 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.

          Section 2.14. CUSIP Numbers. The Company in issuing the Notes and Common Stock upon
conversion of the Notes may use CUSIP numbers (if then generally in use). The Trustee shall not be
responsible for the use of CUSIP numbers, and the Trustee makes no representation as to their
correctness as printed on any Note, certificate of Common Stock or notice to Holders and that
reliance may be placed only on the other identification numbers printed on the Notes. The Company
shall promptly notify the Trustee in writing of any change in the CUSIP numbers.

          Section 2.15. Additional Notes. The Company may, without the consent of the Holders,
increase the principal amount of the Notes by issuing additional Notes (“Additional Notes”) in the
future 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; provided that such

24

 

differences do not cause the Additional Notes to be non-fungible with the Notes for U.S.
federal income tax purposes. The Notes and any Additional Notes would rank equally and ratably and
would be treated as a single class for all purposes under this Indenture. No Additional Notes may
be issued if any Event of Default has occurred with respect to the Notes.

ARTICLE III

REDEMPTION

          Section 3.01. No Right to Redeem. The Notes shall not be redeemable before their
Maturity Date at the option of the Company.

ARTICLE IV

PARTICULAR COVENANTS OF THE COMPANY

          Section 4.01. Payment of Notes.

     (a) The Company covenants and agrees for the benefit of the Holders of the Notes that it will
duly and punctually pay the principal of and interest on the Notes in accordance with the terms of
such Notes and this Indenture. Interest on any Note that is payable, and is punctually paid or duly
provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or
one or more Predecessor Securities) is registered at the Close of Business on the Record Date for
such interest at the office or agency of the Company maintained for such purpose pursuant to
Section 2.04. Interest on any Global Notes, if any, payable on any Interest Payment Date will be
paid to the Depositary, with respect to that portion of such Global Notes held for its account by
the Depositary for the purpose of permitting such party to credit the interest, if any, received by
it in respect of such Global Notes to the accounts of the beneficial owners thereof. The 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) [Reserved.]

     (c) On the Maturity Date, the Company will pay accrued and unpaid interest to, but not
including, the Maturity Date to the Person to whom the Company pays the principal amount of the
Notes.

          Section 4.02. Maintenance of Office or Agency. The Company will maintain in the
Borough of Manhattan, New York City, an office or agency (which may be an office of the Trustee or
an Affiliate of the Trustee, Security Registrar or co-registrar) where Notes may be surrendered for
registration of transfer, exchange or conversion and where notices and demands to or upon the
Company in respect of the Notes and this Indenture may be served. The Company will give prompt
written notice to the Trustee of the location, and any change in the location, of such office or
agency. If at any time the Company fails to maintain any such required office or agency or fails to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands
may be made or served at the Corporate Trust Office of the Trustee.

25

 

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

          The Company hereby designates the Corporate Trust Office of the Trustee as one such office or
agency of the Company.

          Section 4.03. Compliance Certificate; Notice of Default. The Company shall deliver to
the Trustee within 120 calendar days after the end of each fiscal year of the Company an Officers’
Certificate, one of the signatories of which also shall be the chief executive officer, chief
financial officer or chief accounting officer of the Company, stating that in the course of the
performance by the signer of his or her duties as an officer of the Company, he or she would
normally have knowledge of any Default and whether or not such signer knows of any Default that
occurred during such period. If such signer does have knowledge of a Default, the certificate shall
describe the Default, its status and what action the Company is taking or proposes to take with
respect thereto.

          The Company shall deliver to the Trustee, promptly and in no event later than five calendar
days after the Company becomes aware of the occurrence of any Default or Event of Default, an
Officers’ Certificate setting forth the details of such Default or Event of Default and the action
that the Company is taking or proposes to take with respect thereto.

          Section 4.04. Reservation of Common Stock. The Company shall at all times reserve and
keep available, free from preemptive rights, out of its authorized but unissued Common Stock or
shares held in treasury by the Company, for the purpose of effecting the conversion of Notes, the
full number of shares of Common Stock then issuable upon the conversion of all Outstanding Notes.

          Section 4.05. Issuance of Shares. All shares of Common Stock delivered upon
conversion of the Notes shall be newly issued shares or shares held in treasury by the Company,
shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and
shall be free from preemptive rights and free of any Lien or adverse claim.

          Section 4.06. Transfer Taxes. If a Holder converts Notes, the Company will pay any
and all documentary, stamp or similar issue or transfer tax due on the issue or delivery of shares
of Common Stock upon the conversion. The Company shall not, however, be required to pay any tax or
duty that may be payable in respect of any transfer involved in the issue and delivery of shares of
Common Stock in a name other than that of the Holder of the Note or Notes to be converted, and no
such issue or delivery shall be made unless and until the Person requesting such issue has paid to
the Company the amount of any such tax or duty, or has established to the satisfaction of the
Company that such tax or duty has been paid.

          Section 4.07. Reports by Company; 144A Information.

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     (a) Any documents or reports that the Company is required to file with the Commission pursuant
to Section 13 or 15(d) of the Exchange Act must be filed by the Company with the Trustee within 15
days after those reports are required to be filed with the Commission (after giving effect to any
grace period provided by Rule 12b-25 under the Exchange Act). Documents filed by the Company with
the Commission via the EDGAR system will be deemed to be filed with the Trustee as of the time such
documents are filed via EDGAR.

     (b) The Company covenants and agrees that it shall, during any period in which it is not
subject to Section 13 or 15(d) under the Exchange Act, make available to any Holder or beneficial
holder of Notes and any prospective purchaser of Notes designated by such Holder or beneficial
holder, the information, if any, required pursuant to Rule 144A(d)(4) under the Securities Act upon
the request of any such Holder or beneficial holder of the Notes, until such time as such
securities are no longer “restricted securities” within the meaning of Rule 144, assuming such
Notes have not been owned or beneficially owned by an “affiliate” (as defined in Rule 144) of the
Company.

     (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 4.07, 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.

ARTICLE V

DEFAULTS AND REMEDIES

          Section 5.01. Events of Default. Each of the following shall be Events of Default
with respect to the Notes:

     (a) failure by the Company to pay any interest 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 Fundamental Change 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 to issue a Fundamental Change Company Notice on a timely basis in
accordance with Section 11.01;

     (e) Default in the performance or observation, or breach, of any term, covenant or agreement
of the Company in this Indenture with respect to any Note (other than a term,

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covenant or agreement a Default in whose performance or observation or whose breach is
elsewhere in this Section specifically dealt with), and continuance of such Default or breach for a
period of 60 calendar days after there has been given to the Company by the Trustee or to the
Company and the Trustee by the Holders of at least 25% in principal amount of the Notes then
Outstanding a written notice specifying such Default or breach and requiring it to be remedied and
stating that such notice is a “Notice of Default” hereunder;

     (f) a failure to pay principal when due (whether at Maturity Date or otherwise), or an uncured
default that results in the acceleration of maturity, of any indebtedness for borrowed money of the
Company or any of its Significant Subsidiaries in an aggregate amount in excess of $20,000,000 (or
its foreign currency equivalent), unless such indebtedness is discharged, or such acceleration is
rescinded, stayed or annulled, within a period of 30 calendar days after written notice of such
failure or uncured default is given to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in aggregate principal amount of the Notes then Outstanding;

     (g) a final judgment for the payment of $20,000,000 or more (or its foreign currency
equivalent) (excluding any amounts covered by insurance) rendered against the Company or any of its
Significant Subsidiaries, which judgment is not discharged or stayed within 60 days after (i) the
date on which the right to appeal thereof has expired if no such appeal has commenced, or (ii) the
date on which all rights to appeal have been extinguished;

     (h) the Company or any of its Significant Subsidiaries pursuant to or within the meaning of
any Bankruptcy Law:

     (i) commences a voluntary case,

     (ii) consents to the entry of an order for relief against it in an involuntary case,

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

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

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

     (i) is for relief against the Company or any of its Significant Subsidiaries in an
involuntary case,

     (ii) appoints a Receiver of the Company or any of its Significant Subsidiaries, or for
all or substantially all of either of its property, or

     (iii) orders the liquidation of the Company or any of its Significant Subsidiaries, and
the order or decree remains unstayed and in effect for 90 days.

          Notwithstanding anything to the contrary in this Indenture, the sole remedy for the failure by
the Company to comply with Section 4.07, and for any failure to comply with any

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applicable requirements of Section 314(a)(1) of the Trust Indenture Act (each, a “Filing
Failure”), will, at the Company’s option, for the 365 days after the occurrence an Event of Default
relating to such Filing Failure consist of the right to receive additional interest on the Notes
(“Filing Additional Interest”) at an annual rate equal to:

     (1) 0.50% of the principal amount of the Notes Outstanding for each day during the
period beginning on, and including, that date on which such Event of Default first occurred
and ending on the earlier of (x) the date on which such Event of Default is cured or validly
waived and (y) the 180th day immediately following, and including, the date on which such
Event of Default first occurred; and

     (2) If such Event of Default has not been cured or validly waived prior to the 181st
day immediately following, and including, the date on which such Event of Default first
occurred, 1.0% of the principal amount of the Notes Outstanding for each day during the
period beginning on, and including, the 181st day immediately following and including the
date on which such Event of Default first occurred and ending on the earlier of (x) the date
on which such Event of Default is cured or validly waived and (y) the 365th day immediately
following, and including, the date on which such Event of Default first occurred.

          Any such Filing Additional Interest shall be payable in arrears on the Interest Payment Dates
in the same manner as the stated interest payable on the Notes. In the event the Company does not
elect to pay the Filing Additional Interest upon the occurrence of an Event of Default relating to
a Filing Failure or if such Event of Default is not waived or validly cured on the 366th day
following, and including, the date on which such Event of Default first occurred, the Notes will be
subject to acceleration in accordance with Section 5.02 if such Event of Default is continuing. In
no event shall the Filing Additional Interest, together with any Additional Interest that may
accrue on the Notes pursuant to Section 5.13, exceed an aggregate annual rate of (i) 0.50% during
the period described in subclause (1) of this Section 5.01 or (ii) 1.0% during the period described
in subclause (2) of this Section 5.01. The provisions described in this paragraph and the preceding
paragraph will not affect the rights of holders of Notes in the event of the occurrence of any
other Event of Default.

          Section 5.02. Acceleration.

     (a) In the case of an Event of Default specified in clause (h) or (i) of Section 5.01 hereof
with respect to the Company, the principal amount of and accrued and unpaid interest on all
Outstanding Notes will become due and payable immediately without further action or notice by the
Trustee or any Holder. Subject to Section 5.01, if any other Event of Default occurs and is
continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then
Outstanding Notes may declare the principal amount of and accrued and unpaid interest on the Notes
to be due and payable immediately. Upon any such declaration, the principal amount of and accrued
and unpaid interest on the Notes shall become due and payable immediately.

     (b) At any time after a declaration of acceleration with respect to the Notes as described in
this Section 5.02, but before a judgment or decree for payment of the money due has been obtained
by the Trustee, the Holders of a majority in aggregate principal amount of the

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Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul
such declaration and its consequences: (i) if the rescission would not conflict with any judgment
or decree of a court of competent jurisdiction; (ii) if all existing Events of Default, other than
the nonpayment of principal and interest that has become due solely because of the declaration of
acceleration, have been cured or waived; (iii) the Company has paid (or deposited with the Trustee
a sum sufficient to pay) all overdue interest on all Notes; (iv) the Company has paid (or deposited
with the Trustee a sum sufficient to pay) the principal amount of any Notes that have become due
otherwise than by such declaration of acceleration; (v) to the extent the payment of such interest
is lawful, the Company has paid (or deposited with the Trustee a sum sufficient to pay) interest on
overdue installments of interest; and (vi) if the Company has paid (or deposited with the Trustee a
sum sufficient to pay) the Trustee its reasonable compensation and reimbursed the Trustee for its
expenses, disbursements and advances (including, but not limited to, reasonable attorneys’ fees and
expenses). No such rescission shall affect any subsequent Default or impair any right consequent
thereto.

          Section 5.03. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy to collect the payment of principal and interest on the
Notes or to enforce the performance of any provision of the Notes or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note
in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

          Section 5.04. [RESERVED]

          Section 5.05. Waiver of Past Defaults. 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, waive any
past Default or Event of Default under this 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 (and
cash in lieu of fractional shares) 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 this Indenture; or
	 
	 	(4)	 	failure of the Company to comply with any of the provisions of
Article VIII of this Indenture that require the consent of the Holder of each
Outstanding Note affected thereby to any modification or amendment.

          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

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Notes; but no such waiver shall extend to any subsequent or other Default or Event of Default
or impair any right consequent thereon.

          Section 5.06. Control by Majority. Holders of a majority in aggregate principal
amount of the then Outstanding Notes will have the right to direct the time, method and place of
conducting any proceeding for exercising any remedy available to the Trustee or exercising any
trust or power conferred on it. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture that the Trustee determines in good faith may be unduly
prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal
liability.

          Section 5.07. Limitation on Suits. A Holder may pursue a remedy with respect to this
Indenture or the Notes only if:

     (a) such Holder gives to the Trustee written notice that an Event of Default is continuing;

     (b) Holders of at least 25% in aggregate principal amount of the then Outstanding Notes make a
written request to the Trustee to pursue the remedy as Trustee;

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

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

     (e) during such 60-day period, Holders of a majority in aggregate principal amount of the then
Outstanding Notes do not give the Trustee a direction inconsistent with such request.

          A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a
Note or to obtain a preference or priority over another Holder of a Note.

          Section 5.08. Rights of Holders of Notes to Receive Payment or Effect Conversion.
Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive
payment of principal and interest on the Note, on or after the respective due dates expressed in
the Note (including in connection with an offer to purchase), or to bring suit for the enforcement
of any such payment on or after such respective dates or the right to convert Notes in accordance
with Article X of this Indenture or to bring suit for the enforcement of such conversion, shall not
be impaired or affected without the consent of such Holder.

          Section 5.09. Collection Suit by Trustee. If an Event of Default specified in Section
5.01(a) or (b) hereof occurs and is continuing, the Trustee is authorized to recover judgment in
its own name and as trustee of an express trust against the Company, and to enforce such judgment
and collect the monies adjudicated or decreed to be payable, for the whole amount of principal of
and interest remaining unpaid on the Notes, interest on overdue principal and, to the extent
lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of
collection, including the compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel.

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          Section 5.10. Trustee May File Proofs of Claim. The Trustee is authorized to file
such proofs of claim and other papers or documents as may be necessary or advisable in order to
have the claims of the Trustee (including any claim for the compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any
judicial proceedings relative to the Company (or any other obligor upon the Notes), its creditors
or its property and shall be entitled and empowered to collect, receive and distribute any money or
other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
to the Trustee any amount due to it for the compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07. To
the extent that the payment of any such compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07 out of
the estate in any such proceeding, shall be denied for any reason, payment of the same shall be
secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money,
securities and other properties that the Holders may be entitled to receive in such proceeding
whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of
the claim of any Holder in any such proceeding.

          Section 5.11. Priorities. If the Trustee collects any money pursuant to this Article
V, it shall pay out the money in the following order:

          First: to the Trustee (or any predecessor Trustee), its agents and attorneys for amounts due
under Section 6.07, including payment of all compensation, expenses and liabilities incurred, and
all advances made, by the Trustee and the costs and expenses of collection;

          Second: to Holders of Notes for amounts due and unpaid on the Notes for principal and
interest, ratably, without preference or priority of any kind, according to the amounts due and
payable on the Notes for principal and interest, respectively; and

          Third: to the Company or such party as a court of competent jurisdiction shall direct.

          The Trustee may fix a record date and payment date for any payment to Holders of Notes
pursuant to this Section 5.11. If a record date is fixed, the Trustee shall send, by first class
mail, electronically or by any other means approved by the Trustee to the Holders of the Notes of
record a notice at least 30 days but not more than 60 days before the payment date. Such notice
shall state: (1) that a payment is being made pursuant to this Section 5.11, (2) the relevant
Default and the circumstances giving rise to the collection of money pursuant to this Section 5.11,
(3) the payment date and (4) the amount of such payment per $1,000 of Notes.

          Section 5.12. Undertaking for Costs. All parties to this Indenture agree, and each
Holder of any Note by his acceptance thereof shall be deemed to have agreed, in any suit

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for the enforcement of any right or remedy under this Indenture or in any suit against the
Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require
the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and
the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in the suit, having due regard to the merits and good faith of
the claims or defenses made by the party litigant. This Section 5.12 does not apply to a suit by
the Trustee, a suit by a Holder of a Note pursuant to Section 5.07 hereof, or a suit by Holders of
more than 10% in aggregate principal amount of the then Outstanding Notes.

          Section 5.13. Restricted Securities; Additional Interest.

     (a) If,

     (i) at any time during the six-month period beginning on, and including, the date which
is six months after, and ending on, and including, the 365th day after, the last original
issuance date of the Notes (the “Additional Interest Period”), (A) the Company fails to
timely file any document or report that the Company is required to file with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act (taking into account the extension
pursuant to Rule 12b-25 under the Exchange Act), other than current reports on Form 8-K or
(B) the Notes are not otherwise freely tradable by holders other than the Company’s
Affiliates (as a result of restrictions pursuant to U.S. securities law or the terms of this
Indenture or the Notes); or

     (ii) as of the 365th day after the last date of original issuance of the Notes, the
restrictive legend on the Notes has not been removed, the Notes are assigned a restricted
CUSIP or the Notes are not otherwise freely tradable by Holders other than the Company’s
Affiliates (without restrictions pursuant to U.S. securities law or the terms of this
Indenture or the Notes);

     and any of the conditions specified in clauses (i) or (ii) continues for a period of 14
calendar days, the Company shall pay additional interest (“Additional Interest”) on the Notes,
which shall accrue on the Notes at a rate of 0.50% per annum of the principal amount of Notes
Outstanding for each day during the Additional Interest Period for which the Company’s failure to
file, as described above, has occurred and is continuing. In no event shall Additional Interest,
together with any Filing Additional Interest that may accrue on the Notes pursuant to provisions of
Section 5.01, accrue at an annual rate in excess of the rates described under Section 5.01 for any
violation or Default caused by Company’s failure to be current in its Exchange Act reporting
obligations.

     (b) Notwithstanding 5.13(a), if, as of the 365th day after the last date of the original
issuance of the Notes, the restrictive legend on the Notes has not been removed or the Notes are
not otherwise freely tradable by holders other than the Company’s Affiliates (without restrictions
pursuant to U.S. securities law or the terms of this Indenture or the Notes), the Company may elect
to designate an effective shelf registration statement for the resale of the Notes or any common
stock issuable upon conversion of the Notes. Additional Interest will not accrue for each day on
which such registration statement remains effective and usable by holders for the resale of the
Notes or any common stock issuable upon conversion of the Notes. Any such

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registration will be effected on terms customary for convertible notes generally offered in
reliance upon Rule 144A under the Securities Act.

     (c) The Company will not, and the Company will not permit any of its Subsidiaries, to resell
any of the Notes that constitute “restricted securities” under Rule 144 that have been acquired by
any of the Company or the Company’s Subsidiaries.

     (d) Additional Interest payable in accordance with Section 5.13(a) shall be payable in arrears
on each Interest Payment Date for the Notes following accrual in the same manner as regular
interest on the Notes.

     (e) Notwithstanding anything to the contrary contained in this Section 5.13, no Additional
Interest shall accrue following the end of the Additional Interest Period, regardless of whether
such failure to file as described in Section 5.13(a) has occurred or is continuing.

     (f) Not later than five Business Days prior to an Interest Payment Date, the Company shall
notify the Trustee in writing of the incurrence of Additional Interest, the relevant interest rate
and the Additional Interest Period.

ARTICLE VI

TRUSTEE

          Section 6.01. Duties of Trustee.

     (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture and use the same degree of care and skill in its
exercise as a prudent Person would exercise or use under the circumstances in the conduct of such
Person’s own affairs; provided, to the extent permitted by the TIA, that if an Event of Default
occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or
powers under this Indenture at the request or direction of any of the Holders unless such Holders
have provided the Trustee reasonable indemnity, security or both satisfactory to the Trustee
against cost, liability or expense.

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

     (i) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

     (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates, directions, notices or opinions furnished to the Trustee and conforming to the
requirements of this Indenture. However, in the case of any such certificates, directions,
notices or opinions which by any provisions hereof are specifically required to be furnished
to the Trustee, the Trustee shall examine such certificates and opinions to determine
whether or not they conform to the requirements of this Indenture (but need

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not confirm or investigate the accuracy of mathematical calculations or other facts
stated therein).

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

     (i) this paragraph does not limit the effect of paragraph (b) of this Section;

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

     (iii) the Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to Section 5.06.

     (d) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company.

     (e) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law.

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

     (g) Every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section 6.01.

     (h) The Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request or direction of any of the Holders unless such Holders shall
have provided to the Trustee reasonable security, indemnity or both satisfactory to it against the
costs, expenses (including reasonable attorneys’ fees and expenses) and liabilities that might be
incurred by it in compliance with such request or direction.

          Section 6.02. Rights of Trustee.

     (a) The Trustee may conclusively rely and shall be protected in acting or refraining from
acting upon any paper or document believed by it to be genuine and to have been signed or presented
by the proper Person or Persons. The Trustee need not investigate any fact or matter stated in the
document.

     (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

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

     (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers; provided, however, that the
Trustee’s conduct does not constitute willful misconduct or negligence.

     (e) The Trustee may consult with counsel of its selection, and the advice or opinion of such
counsel appointed with due care with respect to legal matters relating to this Indenture and the
Notes shall be full and complete authorization and protection from liability in respect to any
action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice
or opinion of such counsel.

     (f) The Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, notice, request, direction,
consent, order, bond or other paper or document; but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee
shall determine to make such further inquiry or investigation, it shall be entitled to examine the
books, records and premises of the Company at reasonable times, in a reasonable manner and upon
reasonable advance notice, personally or by agent or attorney at the sole cost of the Company and
shall incur no liability or additional liability of any kind by reason of such inquiry or
investigation.

     (g) The Trustee shall not be deemed to have knowledge of any Default or Event of Default
except, (i) during any period it is serving as Security Registrar and Paying Agent for the Notes,
any Event of Default occurring pursuant to Sections 5.01(a), 5.01(b) or 5.01(c) or (ii) any Default
or Event of Default of which a Responsible Officer shall have received written notification or
obtained actual knowledge. The term “actual knowledge” shall mean the actual fact or statement of
knowing by a Responsible Officer without independent investigation with respect thereto.

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

     (i) In no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

     (j) The rights, privileges, protections, immunities and benefits given to the Trustee,
including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in
each of its capacities hereunder, and each agent, custodian and other Person employed to act
hereunder.

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

          Section 6.03. Individual Rights of Trustee. The Trustee in its individual or any
other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or
its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent,
Conversion Agent, Security Registrar, co-registrar or co-paying agent may do the same with like
rights. However, the Trustee must comply with Sections 6.01 and 6.10. In addition, the Trustee
shall be permitted to engage in transactions with the Company; provided, however, that if the
Trustee acquires any conflicting interest (as such term is defined in Section 310(b) of the TIA)
the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest,
(ii) apply to the Commission for permission to continue acting as Trustee or (iii) resign as
Trustee hereunder.

          Section 6.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not
be accountable for the Company’s use of the Notes or the proceeds from the Notes, and it shall not
be responsible for any statement of the Company in this Indenture or in any document issued or
offering circular (or similar document) used in connection with the sale of the Notes or in the
Notes other than the Trustee’s certificate of authentication or for the use or application of any
funds received by any Paying Agent other than the Trustee.

          Section 6.05. Notice of Defaults. If a Default or Event of Default occurs and is
continuing and if a Responsible Officer has actual knowledge thereof, the Trustee shall, except as
provided in the next paragraph, mail to each Holder notice of all Defaults or Events of Default
known to the Trustee within 15 calendar days of being notified by the Company pursuant to Section
4.03 of this Indenture unless any such Default or Event of Default has been cured or waived.

          Except in the case of a Default or Event of Default in payment of principal or interest on any
Note (including payments pursuant to the required repurchase provisions of such Note, if any), the
Trustee may withhold the notice if and so long as its board of directors, a committee of its board
of directors or a committee of its Responsible Officers and/or a Responsible Officer in good faith
determines that withholding the notice is in the interests of registered Holders.

          Section 6.06. Agents. The rights, privileges, protections, immunities and benefits
given to the Trustee under this Indenture including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by the Security Registrar, Paying Agent,
Conversion Agent and any other similar agent appointed hereunder and their respective officers,
employees, agents, custodians and other Persons employed to act hereunder.

          Section 6.07. Compensation and Indemnity. The Company covenants and agrees: (a) to
pay to the Trustee from time to time, and the Trustee shall be entitled to, such

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compensation for all services rendered by it hereunder as shall be agreed by the Company and
the Trustee in writing (which shall not be limited by any provision of law in regard to the
compensation of a trustee of an express trust); (b) to reimburse the Trustee and each predecessor
Trustee upon its request for all reasonable expenses, fees, disbursements and advances incurred or
made by or on behalf of it in accordance with any of the provisions of this Indenture (including
the reasonable compensation, fees, and the expenses and disbursements of its counsel and of all
agents and other Persons not regularly in its employ), except any such reasonable expense,
disbursement or advance as shall be determined to have been caused by its own negligence or willful
misconduct; and (c) to indemnify the Trustee and each predecessor Trustee for, and to hold it
harmless against, any loss, liability, damage, claim or expense, including taxes, if any (other
than taxes based upon, determined by or measured by the income of the Trustee), incurred without
negligence or willful misconduct on its part, arising out of or in connection with the acceptance
or administration of this Indenture or the trusts hereunder and its duties hereunder, including
enforcement of this Section 6.07. The obligations of the Company under this Section 6.07 to
compensate and indemnify the Trustee and each predecessor Trustee and to pay or reimburse the
Trustee and each predecessor Trustee for expenses, fees, disbursements and advances shall
constitute an additional obligation hereunder and shall survive the satisfaction and discharge of
this Indenture, the resignation or removal of the Trustee or the termination of this Indenture. To
secure the obligations of the Company to the Trustee under this Section 6.07, the Trustee shall
have a prior Lien upon all property and funds held or collected by the Trustee as such, except
funds and property paid by the Company and held in trust for the benefit of the Holders of
particular Notes. When the Trustee incurs expenses or renders services after an Event of Default
specified in Section 5.01(h) or (i) occurs, such expenses and compensation for services are
intended to constitute expenses of administration under Bankruptcy Law.

          Section 6.08. Replacement of Trustee. The Trustee may resign with 30 days prior
written notice to the Company. The Holders of a majority in principal amount of the Notes may
remove the Trustee by so notifying the Company and the Trustee with 30 days prior written notice
and the Company may appoint a successor Trustee provided, however, that in the event of a
bankruptcy, the resigning Trustee will have the right to appoint a successor trustee within ten
Business Days after giving notice of resignation if the Company has not already appointed a
successor trustee. The Company shall remove the Trustee if:

     (a) the Trustee fails to comply with Section 6.10;

     (b) the Trustee is adjudged bankrupt or insolvent;

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

     (d) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns or is removed by the Company or by the Holders of a majority in
principal amount of the Notes and the Company does not reasonably promptly appoint a successor
Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event
being referred to herein as the retiring Trustee), the Holders of a majority in aggregate principal
amount of the Notes may appoint a successor Trustee.

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          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. The retiring Trustee shall upon payment of its charges hereunder promptly transfer all
property held by it as Trustee to the successor Trustee, upon payment of any fees and expenses due
and owing to it hereunder.

          If the Company has not appointed a successor Trustee within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Notes
may petition, at the expense of the Company, any court of competent jurisdiction for the
appointment of a successor Trustee.

          If the Trustee fails to comply with Section 6.10, any Holder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this Section 6.08, the Company’s
obligations under Section 6.07 shall continue for the benefit of the retiring Trustee.

          Section 6.09. Successor Trustee by Merger. If the Trustee consolidates with, merges
or converts into, or transfers all or substantially all its corporate trust business or assets to,
another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion or consolidation to the
Trustee shall succeed to the trusts created by this Indenture, any of the Notes shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor Trustee, and deliver such Notes so authenticated; and in case at
that time any of the Notes shall not have been authenticated, any successor to the Trustee may
authenticate such Notes either in the name of any predecessor hereunder or in the name of the
successor to the Trustee; and in all such cases such certificates shall have the full force which
it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall
have.

          Section 6.10. Eligibility; Disqualification. There shall at all times be a Trustee
hereunder which shall be eligible to act as Trustee under Trust Indenture Act Sections 310(a)(1)
and (2) and which shall have a combined capital and surplus of at least $50,000,000, and have a
Corporate Trust Office in the Borough of Manhattan in New York City, State of New York. If such
corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of any federal, state, territorial or District of Columbia supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section 6.10, the Trustee shall resign immediately in the
manner and with the effect hereinafter specified in this Article VI.

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ARTICLE VII

SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS

          Section 7.01. Satisfaction and Discharge of Indenture. When (a) the Company delivers
to the Trustee all Outstanding Notes (other than Notes which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 2.08) for cancellation or (b) all
Outstanding Notes have become due and payable and the Company deposits with the Trustee, the Paying
Agent or the Conversion Agent, as applicable, whether at the Maturity Date or any Fundamental
Change Repurchase Date, upon conversion or otherwise, cash or shares of Common Stock (or Reference
Property) and cash, as applicable under this Indenture, sufficient to pay all amounts due and owing
on all Outstanding Notes (other than Notes which have been destroyed, lost or stolen and which have
been replaced or paid as provided in Section 2.08); and if, in any such case, the Company shall
also pay or cause to be paid all other sums payable hereunder by the Company, then this Indenture
shall cease to be of further effect, and the Trustee, on demand of the Company accompanied by an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent
relating to the satisfaction and discharge contemplated by this provision have been complied with,
and at the cost and expense of the Company, shall execute proper instruments acknowledging such
satisfaction and discharging this Indenture. The Company agrees to reimburse the Trustee for any
costs or expenses thereafter reasonably and properly incurred, and to compensate the Trustee for
any services thereafter reasonably and properly rendered, by the Trustee in connection with this
Indenture or the Notes.

          Section 7.02. Application of Funds or Securities Deposited for Payment of Notes. All
moneys or securities deposited with the Trustee, Paying Agent or Conversion Agent, as applicable,
shall be held in trust and applied by it to the payment, either directly or through any Paying
Agent or Conversion Agent (other than the Company or any Subsidiary thereof, as applicable), to the
Holders of the Notes for the payment of which such moneys or securities have been deposited, of all
sums due and to become due thereon, but such money need not be segregated from other funds or
securities except to the extent required by law.

          Section 7.03. Repayment by Trustee, Paying Agent or Conversion Agent. In connection
with the satisfaction and discharge of this Indenture with respect to the Notes, all moneys or
securities then held by any Paying Agent or Conversion Agent under the provisions of this Indenture
with respect to the Notes shall, upon demand of the Company, be repaid to it and thereupon such
Paying Agent or Conversion Agent shall be released from all further liability with respect to such
moneys or securities.

Any moneys or securities deposited with or paid to the Trustee, Paying Agent or Conversion Agent,
as applicable, for the payment of any amount on the Notes and not applied but remaining unclaimed
for two years after the date upon which such amount shall have become due and payable, shall, upon
the written request of the Company and unless otherwise required by mandatory provisions of
applicable escheat or abandoned or unclaimed property law, be repaid to the Company by the Trustee,
Paying Agent or Conversion Agent, as applicable, and the Holder of the Notes shall, unless
otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property
laws, thereafter look only to the Company for any payment which such Holder may be entitled to
collect, and all liability of the Trustee, Paying

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Agent or Conversion Agent with respect to such moneys or securities shall thereupon cease;
provided, however, that the Trustee, Paying Agent or Conversion Agent, before being required to
make any such repayment with respect to moneys or securities deposited with it for any payment in
respect of the Notes, shall, at the expense of the Company, mail by first-class mail to Holders of
the Notes at their addresses as they shall appear on the Note Register notice that such moneys or
securities remain and that, after a date specified therein, which shall not be less than 30 days
from the date of such mailing, any unclaimed balance of such money or securities then remaining
will be repaid to the Company.

ARTICLE VIII

SUPPLEMENTAL INDENTURES AND AMENDMENTS

          Section 8.01. Without Consent of Noteholders. 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 amend, waive, modify or supplement this Indenture or the Notes
for any of the following purposes:

     (a) 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, in accordance with the requirements of this
Indenture;

     (b) to secure the Notes;

     (c) to provide for the assumption of the Company’s obligations to Holders of Notes in the
event of a merger or consolidation, or sale, conveyance, transfer or lease of the Company’s
property and assets substantially as an entirety, in accordance with the requirements of this
Indenture;

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

     (e) to add to the covenants of the Company for the benefit of the Holders of the Notes;

     (f) to cure any ambiguity or correct or supplement any inconsistent or otherwise defective
provision contained in this Indenture in a manner that is not materially adverse to the Holders of
the Notes;

     (g) to conform the provisions of this Indenture to the “Description of the Notes” section
contained in the Company’s offering memorandum related to the Notes dated April 7, 2011;

     (h) to 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

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with provisions of this Indenture; provided that such change or modification does not
adversely affect the interests of the Holders of the Notes in any material respect;

     (i) to increase the Conversion Rate; provided that the increase will not adversely affect the
interest of the Holders of the Notes;

     (j) to provide for the addition or modification of any of the provisions of this Indenture as
shall be necessary or desirable to provide for or facilitate the guarantee of the Notes by one or
more guarantors; and

     (k) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Notes and to add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than
one Trustee.

          Section 8.02. Modification and Amendment with Consent of Noteholders. With the
written consent or the affirmative vote of the Holders of not less than a majority in aggregate
principal amount of the Outstanding Notes delivered to the Company and the Trustee, the Company
when authorized by a Board Resolution, together with the Trustee, may amend, waive, modify or
supplement any other provision of this Indenture or the Notes; provided, however, that no such
amendment, waiver, modification or supplement may, without the written consent or the affirmative
vote of the Holder of each Outstanding Note affected thereby:

     (a) change the Maturity Date;

     (b) reduce the rate or extend the time for payment of interest on the Notes;

     (c) reduce the principal amount of any Notes;

     (d) reduce any amount payable upon repurchase of any Notes;

     (e) impair the right of a Holder to receive payment with respect to any Notes or to institute
suit for the enforcement of any such payment on or after the Maturity Date thereof (or, in the case
of repayment at the option of the Holder, on or after the Fundamental Change Repurchase Date, as
the case may be);

     (f) change the currency in which the principal of any Note or the interest thereon is payable;

     (g) change the Company’s obligation to repurchase any Notes upon a Fundamental Change in a
manner adverse to the Holders;

     (h) make any change that affects the right of any Holder to convert Notes into shares of
Common Stock or reduce the number of shares of Common Stock or any other property receivable upon
conversion pursuant to the terms of this Indenture;

     (i) relieve the Company of its obligation to maintain an office or agency in the Borough of
Manhattan, New York City; or

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     (j) modify any provisions of this Indenture requiring the consent of holders or relating to
the wavier of past defaults or relating to the waiver of certain covenants, except to increase any
such percentage or to provide that other provisions of this Indenture cannot be modified or waived
without the consent of the holder of each outstanding note affected thereby.

          Upon the written request of the Company accompanied by a copy of a Board Resolution
authorizing the execution of any such supplemental indenture or other agreement, instrument or
waiver, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid,
the Trustee shall join with the Company in the execution of such supplemental indenture or other
agreement, instrument or waiver.

          It shall not be necessary for any act of Holders under this Section to approve the particular
form of any proposed supplemental indenture or other agreement, instrument or waiver, but it shall
be sufficient if such act shall approve the substance thereof. Any Notes held by the Company or by
any Person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Company shall be disregarded (both from the numerator and the denominator) for
purposes of determining whether the Holders of the requisite aggregate principal amount of the
outstanding Notes have consented to a modification, amendment or waiver of the terms of this
Indenture.

          Section 8.03. Execution of Supplemental Indentures, Agreements and Waivers. In
executing any supplemental indenture, agreement, instrument or waiver permitted by this Article
VIII or the modifications thereby of this Indenture, the Trustee shall be provided with, and
(subject to Section 6.01 hereof) shall be fully protected in relying upon, an Opinion of Counsel
and an Officers’ Certificate from each obligor under the Notes entering into such supplemental
indenture, agreement, instrument or waiver, each stating that the execution of such supplemental
indenture, agreement, instrument or waiver (a) is authorized or permitted by this Indenture; (b)
does not violate the provisions of any agreement or instrument evidencing any other indebtedness of
the Company, or any Subsidiary of the Company; and (c) that all conditions precedent in this
Indenture relating to such supplemental indenture have been complied with. The Trustee may, but
shall not be obligated to, enter into any such supplemental indenture, agreement, instrument or
waiver which affects the Trustee’s own rights, duties or immunities under this Indenture, the Notes
or otherwise. After a modification or amendment under this Indenture becomes effective, the Company
shall mail to the Holders a notice briefly describing such modification or amendment. However, any
failure by the Company to give such notice to all of the Holders, or any defect in the notice, will
not impair or affect the validity of the modification or amendment.

          Section 8.04. Effect of Supplemental Indentures. Upon the execution of any
supplemental indenture under this Article VIII, this Indenture, the Notes, if applicable, shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture and the Notes, if applicable, as the case may be, for all purposes; and every Holder of
Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

          Section 8.05. Compliance with Trust Indenture Act. Every supplemental indenture or
amendment to this Indenture or the Notes shall comply with the TIA as then in effect, to the extent
the TIA is applicable to this Indenture or any supplemental indenture hereto.

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          Section 8.06. Reference in Notes to Supplemental Indentures. Notes authenticated and
delivered after the execution of any supplemental indenture pursuant to this Article VIII may, and
shall if required by the Trustee, bear a notation in a form approved by the Trustee as to any
matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so
modified as to conform, in the opinion of the Trustee and the Board of Directors of the Company, to
any such supplemental indenture may be prepared and executed by the Company and authenticated and
delivered by the Trustee, at the expense of the Company, upon a Company Order in exchange for
Outstanding Notes.

          Section 8.07. Revocation and Effect of Consents and Waivers. A consent to an
amendment or a waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of
that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even
if notation of the consent or waiver is not made on the Note. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note
if the Trustee receives the notice of revocation before the date the amendment or waiver becomes
effective. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment
or waiver made pursuant to Section 8.02 shall become effective upon receipt by the Trustee of the
requisite number of written consents.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above or
required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record
date (or their duly designated proxies), and only those Persons, shall be entitled to give such
consent or to revoke any consent previously given or to take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent shall become valid or
effective more than 120 days after such record date.

          Section 8.08. Notation on or Exchange of Notes. If an amendment changes the terms of
a Note, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee
may place an appropriate notation on the Note regarding the changed terms and return it to the
Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the
Note shall issue and the Trustee, upon receipt of a Company Order and at the expense of the
Company, shall authenticate a new Note that reflects the changed terms. Failure to make the
appropriate notation or to issue a new Note shall not affect the validity of such amendment.

ARTICLE IX

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

          Section 9.01. 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:

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	 	(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 this Indenture,
executed and delivered to the Trustee, all the obligations of the Company under
the Notes and this Indenture;
	 
	 	(2)	 	immediately after giving effect to such transaction, no Default
or Event of Default has occurred and is continuing; and
	 
	 	(3)	 	the Company shall have delivered to the Trustee an Officers’
Certificate and Opinion of Counsel, each stating that such consolidation,
merger, conveyance, transfer or lease and, if a supplemental indenture is
required in connection with such transaction, such supplemental indenture,
comply with this Article IX and that all conditions precedent herein provided
for relating to such transaction have been satisfied.

          Section 9.02. Successor Substituted. In the event of any transaction described in and
complying with the conditions listed in Section 9.01 in which the Company is not the continuing
corporation, the Successor Company formed or remaining shall succeed, and be substituted for, and
may exercise every right and power of, the Company, and the Company shall be discharged from its
obligations, under the Notes and this Indenture.

ARTICLE X

CONVERSION OF NOTES

          Section 10.01. Conversion Privilege.

     (a) Upon compliance with the provisions of this Article X, 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 Note at any time prior to the
Close of Business on the Business Day immediately preceding the Maturity Date at a rate (the
“Conversion Rate”) of 67.7415 shares of Common Stock (subject to adjustment by the Company as
provided in Section 10.04) per $1,000 principal amount of Notes, together with cash in lieu of
fractional shares (collectively, the “Conversion Obligation”) in accordance with Section 10.03,
only under the following circumstances.

     (i) Conversion Based on Common Stock Price. Prior to the Close of Business on the
Business Day immediately preceding January 1, 2016, Holders may surrender Notes for
conversion in any calendar quarter (and only during such calendar quarter) commencing after
June 30, 2011 if the Last Reported Sale Price of Common Stock for at least 20 Trading Days
in a period of 30 consecutive Trading Days ending on the last Trading Day of the preceding
calendar quarter is more than 110% of the Conversion Price on each applicable Trading Day.
The Conversion Agent shall determine at the

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beginning of each calendar quarter commencing at any time after June 30, 2011 (through
and including December 31, 2015) whether the Notes are convertible as a result of the price
of Common Stock and notify the Company and the Trustee.

     (ii) Conversion upon Satisfaction of Trading Price Condition. Prior to the Close of
Business on the Business Day immediately preceding January 1, 2016, Holders may surrender
their Notes for conversion during the five Business Day period immediately following any ten
consecutive Trading Day period in which, for each Trading Day of such ten consecutive
Trading Day period, the Trading Price per $1,000 principal amount of the Notes on such
Trading Day, as determined following a request by a Holder of the Notes, in accordance with
the procedures described below, was less than 98% of the product of the Last Reported Sale
Price of Common Stock on such Trading Day and the Conversion Rate on such Trading Day (such
condition, the “Trading Price Condition”).

The Trustee shall have no obligation to determine the Trading Price of the Notes unless the
Company shall have requested such determination, and the Company shall have no obligation to
make such request unless a Holder of the Notes provides the Company with reasonable evidence
that the Trading Price per $1,000 principal amount of the Notes at such time would be less
than 98% of the product of the Last Reported Sale Price of Common Stock and the Conversion
Rate. Promptly (but in no event later than two Business Days) after receiving such evidence,
the Company shall instruct the Trustee (or other Person appointed by the Company to solicit
bids) to determine the Trading Price of the Notes beginning on the next Trading Day after
the Company shall have delivered such instructions and on each successive Trading Day until
the Trading Price per $1,000 principal amount of the Notes is greater than or equal to 98%
of the product of the Last Reported Sale Price of Common Stock and the Conversion Rate. If
the Company does not so instruct the Trustee or another Person to solicit bids when
required, the Trading Price per $1,000 principal amount of the Notes shall be deemed to be
less than 98% of the product of the Last Reported Sale Price of Common Stock and the
Conversion Rate on each day the Company fails to do so.

If the Trading Price Condition has been met, the Company shall so notify the Holders and the
Trustee. At any time after the Trading Price Condition has been met, the Company shall
notify the Holders and the Trustee on the first Trading Day on which the Trading Price per
$1,000 principal amount of the Notes is greater than 98% of the product of the Last Reported
Sale Price of Common Stock on such Trading Day and the Conversion Rate on such Trading Day.

Neither the Trustee nor other Person appointed to solicits bids will have liability for the
bids it receives or for its non-negligent failure to obtain bids.

     (iii) Conversion upon Specified Corporate Events. Prior to the Close of Business on the
Business Day immediately preceding January 1, 2016, if the Company elects to distribute to
all Holders of Common Stock:

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     (A) rights or warrants entitling them to subscribe for or purchase, for a
period of not more than 60 days from the issuance date for such distribution, Common
Stock at a price per share less than the Last Reported Sale Price of Common Stock on
the Trading Day immediately preceding the declaration date of such distribution, or

     (B) assets, debt securities (or other evidence of indebtedness) or rights to
purchase securities of the Company, which distribution (excluding for this purposes
a distribution required to avoid the imposition of tax on undistributed income) has
a per share value, as determined by the Board of Directors, exceeding 10% of the
Last Reported Sale Price of Common Stock on the Trading Day immediately preceding
the declaration date of such distribution,

the Company shall notify the Holders at least 10 Scheduled Trading Days prior to the
Ex-Dividend Date for such distribution. Once the Company has given such notice, Holders may
surrender their Notes for conversion pursuant to this Section 10.01(a)(iii) at any time
until the earlier of (1) the Close of Business on the Business Day prior to such Ex-Dividend
Date and (2) an announcement by the Company that such distribution will not take place. A
Holder may not convert any of its Notes pursuant to this Section 10.01(a)(iii) if the Holder
of the Notes participates at the same time and upon the same terms as holders of Common
Stock and, as a result of holding the Notes, without having to convert its Notes, as if it
held a number of shares of Common Stock equal to the applicable Conversion Rate multiplied
by the principal amount (expressed in thousands) of Notes held by such Holder.

     If a Fundamental Change or a Non-Stock Change of Control occurs or if the Company is a
party to a consolidation, merger or binding share exchange, pursuant to which Common Stock
would be converted into cash, securities or other assets, or sale, conveyance, transfer or
lease of all or substantially all of the Company’s assets, the Notes may be surrendered for
conversion at any time from or after the effective date of the transaction until the earlier
of (1)(x) 35 Business Days after the effective date of such transaction or, (y) if such
transaction also constitutes a Fundamental Change, until the Fundamental Change Repurchase
Date and (2) the Company’s announcement that such transaction will not take place. The
Company shall notify the Holders of any such transaction no later than the effective date of
such transaction.

     (iv) Conversion on or After January 1, 2016. On or after January 1, 2016, a Holder may
surrender all or a portion of its Notes (in multiples of $1,000) for conversion at any time
until the Close of Business on the Business Day immediately preceding the Maturity Date.

          (b) If and only to the extent a Holder elects to convert Notes prior to the Maturity Date in
connection with a transaction described in clause (a), clause (c) (without giving effect to the
exception contained in subclause (iii) thereunder) or clause (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

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shares of common stock traded or scheduled to be traded immediately following such transaction
on the New York Stock Exchange, NYSE Amex, the NASDAQ Global Market or the NASDAQ Global Select
Market (or any of their respective successors), referred to herein as a “Non-Stock Change of
Control”, 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 in Section 10.01(d) below. The Company shall notify Holders and Trustee of the effective
date of a Fundamental Change meeting the conditions of this Section 10.01(b) no later than such
time that the Fundamental Change occurs. 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 10.02 below, as applicable.

          (c) For purposes of Section 10.01(b), a conversion of Notes shall be deemed to be “in
connection with” a Non-Stock Change of Control if the related conversion notice is received by the
Conversion Agent following the Effective Date of the Non-Stock Change of Control but before the
Close of Business on the Business Day immediately preceding the related Fundamental Change
Repurchase Date (or if there is no Fundamental Change Repurchase Date, the date that is 40 calendar
days after the Effective Date). Such conversion notice shall indicate that the Holder of Notes has
elected to convert Notes in connection with a Non-Stock Change of Control; provided, however, that
the failure to so indicate shall not in any way affect the Conversion Obligation or the right of
such Holder to convert at the Conversion Rate increased by the number of Additional Shares.

          (d) The number of Additional Shares by which the Conversion Rate will be increased pursuant to
Section 10.01(b) shall be determined by reference to the table attached as Schedule A
hereto, based on the date on which the Non-Stock Change of Control 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 Effective Dates, as applicable,
based on a 360-day year; provided further that if (x) the Stock Price is greater than $30.00 per
share of Common Stock (subject to adjustment in the same manner as set forth in Section 10.04), the
Conversion Rate shall not be increased, or (y) the Stock Price is less than $13.42 per share of
Common Stock (subject to adjustment in the same manner as set forth in Section 10.04), the
Conversion Rate shall not be increased.

          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 is adjusted as set
forth in Section 10.04 (other than by operation of an adjustment to the Conversion Rate pursuant to
this Section 10.01). 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 is adjusted (other than by operation of an adjustment to the
Conversion Rate pursuant to this Section 10.01). 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.
Notwithstanding the foregoing, in no event shall the total number of shares of Common Stock

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issuable upon conversion exceed 74.5156 per $1,000 principal amount of Notes, subject to
adjustment in the same manner as the Conversion Rate pursuant to Section 10.04.

          Section 10.02. Conversion Procedures.

     (a) Each Note shall be convertible at the office of the Conversion Agent and, if applicable,
in accordance with the Applicable Procedures.

     (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
10.02(g) and, if required, pay all taxes or duties, if any, for which the Holder is responsible
pursuant to Section 4.06, 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) pay the funds, if any, required by Section 10.02(g); and

     (v) if required, pay all taxes or duties pursuant to Section 4.06.

          The date on which the Holder satisfies all of the applicable requirements set forth in this
Section 10.02(b) is the “Conversion Date.” The Conversion Agent will provide the Company with
notice of any conversion by a Holder of the Notes on the Conversion Date (which, for the avoidance
of doubt, shall be the next Business Day if the applicable requirements are satisfied after the
Close of Business on a Business Day and prior to the Opening of Business on the next Business Day).
The Company shall notify the Trustee in writing of any conversions of Notes effected through any
Conversion Agent other than the Trustee.

          Each conversion shall be deemed to have been effected as to any 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 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 X 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

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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 at the same time and upon the same terms as holders of shares of Common
Stock generally and as a result of holding the Notes, without having to convert its Notes, as if it
held a number of shares of Common Stock equal to the applicable Conversion Rate multiplied by the
principal amount (expressed in thousands) of Notes held by such Holder.

     (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.

     (d) In case any certificated Notes of a denomination greater than $1,000 shall be surrendered
for partial conversion, the Company shall execute and, upon receipt of a Company Order, 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.

     (e) Upon the conversion of an interest in Global Notes, the Trustee shall make a notation on
such Global Notes as to the reduction in the principal amount represented thereby.

     (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 Section 11.01(c) hereof.

     (g) If a Holder surrenders a Note for conversion after the Close of Business on any Record
Date and prior to the Opening of Business on the Interest Payment Date corresponding to such Record
Date, such Holder must accompany such Note with an amount of cash equal to the amount of interest
if any, that will be payable on such Note on such Interest Payment Date; provided, however, that a
Holder need not make such payment (A) if the Holder surrenders the Note after the Close of Business
on the last Record Date immediately preceding the Maturity Date, (B) if the Holder surrenders the
Note after the Company has specified a Fundamental Change Repurchase Date that is after the Record
Date and on or prior to the Business Day immediately following the corresponding Interest Payment
Date; or (C) to the extent of any overdue interest on the Note, if any overdue interest exists at
the time of conversion with respect to the Note.

          Section 10.03. Payments Upon Conversion.

     (a) Upon any conversion of any Notes, the Company or its stock transfer agent 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 Section 10.03(c), on the third Business Day

50

 

immediately following the Conversion Date, unless such Conversion Date occurs on or following
March 1, 2016, in which case the Company shall make such delivery on the Maturity Date. Except as
provided in Section 10.04, the Company will not make any payment or other adjustment for dividends
on any Common Stock issued upon conversion of any Notes.

     (b) Except as provided in this Section 10.03(b), upon conversion, Holders shall not receive
any separate cash payment of accrued and unpaid interest on the Notes. Accrued and unpaid interest
to the Conversion Date shall be deemed to be paid in full with the shares of Common Stock issued
rather than cancelled, extinguished or forfeited. If a Holder converts its Note after the Record
Date for an interest payment but prior to the corresponding Interest Payment Date, on such Interest
Payment Date, the Company shall pay the interest accrued and unpaid on the Note to the Holder of
record as of the Close of Business on the corresponding Record Date, notwithstanding the conversion
of the Note prior to the Interest Payment Date.

     (c) 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 of the Common Stock on the relevant Conversion Date.

     (d) Notwithstanding anything to the contrary in this Indenture, no Holder of Notes will be
entitled to receive shares of Common Stock upon conversion to the extent (but only to the extent)
that such receipt would cause such converting Holder to become, directly or indirectly, a
“beneficial owner” (within the meaning of Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder) of 5.0% or more of the Common Stock outstanding at such time
(the “Limitation”). Any purported delivery of shares of Common Stock upon conversion of Notes shall
be void and have no effect to the extent (but only to the extent) that such delivery would result
in the converting Holder becoming the beneficial owner of more than the Limitation. If any delivery
of shares of Common Stock owed to a Holder upon conversion of Notes is not made, in whole or in
part, as a result of the Limitation, the Company’s obligation to make such delivery shall not be
extinguished and the Company shall deliver such shares as promptly as practicable after any such
converting Holder gives notice to the Company that such delivery would not result in it being the
beneficial owner of 5.0% or more of the shares of Common Stock outstanding at such time. The
Limitation shall no longer apply following the effective date of any Fundamental Change.

          Section 10.04. 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 of Common Stock, then the Conversion
Rate will be adjusted based on the following formula:

	 	 	 	 	 	 	 	 	 

	CR1
	 	=
	 	CR0
	 	x
	 	     OS1     
	 
	 	 	 	 	 	 	 	OS0

51

 

          where,

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Opening of Business on the Ex-Dividend Date of
such dividend or distribution or immediately after
the Opening of Business on the effective date of
such share split or combination, as the case may
be;
	 
	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Opening of Business on such Ex-Dividend Date
or effective date;
	 
	 	 
	OS0 =

	 	the number of shares of Common Stock outstanding
immediately prior to the Opening of Business on
such Ex-Dividend Date or effective date; and
	 
	 	 
	OS1 =

	 	the number of shares of Common Stock that would be
outstanding immediately after, and solely as a
result of, such dividend, distribution, share
split or combination, as the case may be.

Such adjustment shall become effective immediately after the Opening of Business on the Ex-Dividend
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 10.04(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 distribute to all or substantially all holders of Common Stock
any rights or warrants (other than rights issued pursuant to a stockholders’ rights plan) entitling
them for a period of not more than 60 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 average of the
Last Reported Sale Prices of the Common Stock for the 10 consecutive trading day period ending on,
and including, the Trading Day immediately preceding the declaration date of such distribution, the
Conversion Rate will be increased based on the following formula; provided that the Conversion Rate
will be readjusted to the extent that such rights or warrants are not exercised prior to their
expiration:

	 	 	 	 	 	 	 	 	 
	CR1
	 	=
	 	CR0
	 	x
	 	OS0 + X
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	OS0 + Y

          where

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Opening of Business on the Ex-Dividend Date
for such distribution;

52

 

	 	 	 

	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Opening of Business on such Ex-Dividend Date;
	 
	 	 
	OS0 =

	 	the number of shares of Common Stock outstanding
immediately prior to the Opening of Business on
such Ex-Dividend Date;
	 
	 	 
	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 declaration
date for such distribution.

Such adjustment shall be successively made whenever any such rights or warrants are issued and
shall become effective immediately following the Opening of Business on the Ex-dividend date for
such distribution. If such rights or warrants are not issued or to the extent they 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 Ex-Dividend Date for such distribution had not
been fixed or such rights or warrants were not issued, as the case may be.

          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 price payable to exercise such rights or warrants 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)

     (i) 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 Common Stock
(excluding dividends or distributions covered by Section 10.04(a), Section 10.04(b),
dividends or distributions paid exclusively in cash, and distributions described below in
Section 10.04(c)(ii) with respect to Spin-Offs) (any of such shares of Capital Stock,
evidences of indebtedness or other asset or property hereinafter in this Section 10.04(c)
called the “Distributed Property”), then, in each such case the Conversion Rate will be
increased based on the following formula:

	 	 	 	 	 	 	 	 	 

	CR1
	 	=
	 	CR0
	 	x
	 	SP0
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	SP0 — FMV

53

 

          where

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Opening of Business on the Ex-Dividend Date
for such distribution;
	 
	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Opening of Business on such Ex-Dividend Date;
	 
	 	 
	SP0 =

	 	the average of the Last Reported Sale Prices of
the Common Stock over the 10 consecutive Trading
Day period ending on, and including, the Trading
Day immediately preceding the Ex-Dividend 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 Ex-Dividend Date for
such distribution.

	 	 	Such adjustment shall become effective immediately following the Opening of Business on the
Ex-Dividend Date for such distribution; provided that (1) if “FMV” (as defined above) is
equal to or greater than “SP0” (as defined above) or (2) if the difference
between “SP0” and “FMV” is less than $0.01, in lieu of the foregoing increase,
each Holder of a Note shall receive, in respect of each $1,000 principal amount thereof, at
the same time and upon the same terms as holders of shares of Common Stock, the amount of
Distributed Property that such Holder would have received if such Holder owned a number of
            shares of Common Stock equal to the Conversion Rate on the Ex-Dividend Date for such
distribution. If such distribution is not so paid or made, the Conversion Rate shall be
decreased to be the Conversion Rate that would then be in effect if such dividend or
distribution had not been declared. If such dividend or distribution consists of rights or
warrants, the Conversion Rate shall be readjusted to the extent that such rights or warrants
are not exercised prior to their expiration. If the Board of Directors determines the fair
market value of any distribution for purposes of this Section 10.04(c)(i) 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.

     (ii) With respect to an adjustment pursuant to this Section 10.04(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:

	 	 	 	 	 	 	 	 	 

	CR1
	 	=
	 	CR0
	 	x
	 	FMV + MP0
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	MP0

54

 

          where

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Close of Business on the last Trading Day of
the Valuation Period (as defined below);
	 
	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Close of Business on the last Trading Day of
the Valuation Period;
	 
	 	 
	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 10
consecutive Trading Day period immediately
following, and including, the Ex-Dividend 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 immediately following the Close of
Business on the Ex-Dividend Date for the Spin-Off. Because the Company will make the
adjustment to the Conversion Rate at the end of the Valuation Period with retroactive
effect, the Company will delay the settlement of any Notes where the Conversion Date occurs
during the Valuation Period. In such event, the Company will deliver shares of Common Stock
(and cash in lieu of any fractional shares), based on the adjusted Conversion Rate, on the
third Business Day following the last day of the Valuation Period. If such dividend or
distribution is not so paid or made, the conversion rate shall be decreased to be the
conversion rate that would then be in effect if such dividend or distribution had not been
declared.

          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 10.04(c) (and no adjustment to the
Conversion Rate under this Section 10.04(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
10.04(c). If any such right or warrant, including any such existing rights or warrants distributed
prior to the date of this Indenture, are subject to events, upon the occurrence of which such
rights or warrants become exercisable to purchase different securities, evidences of indebtedness
or other assets, then the date of the occurrence of any and each such event shall be deemed to be
the date of distribution and Ex-Dividend Date with respect to new rights or warrants with such
rights (and a termination or expiration of the existing rights or warrants without exercise by any
of the holders thereof). In addition, in the event of any distribution (or deemed distribution) of
rights or warrants, or any Trigger Event or other event (of the type described in the preceding
sentence) with respect thereto that was counted for purposes of calculating a distribution amount
for which an adjustment to the Conversion Rate under this Section 10.04 was made, (1) in the case
of any such rights or warrants that shall all

55

 

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.

          (d) In case the Company shall pay any cash dividend or distribution paid exclusively in cash
is made to all or substantially all holders of Common Stock (other than dividends or distributions
made in connection with the liquidation, dissolution or winding-up of the Company or distributions
to which Section 10.06 applies), other than a regular monthly cash dividend that does not exceed
the DTA, then the Conversion Rate will be adjusted based on the following formula:

	 	 	 	 	 	 	 	 	 

	CR1
	 	=
	 	CR0
	 	x
	 	SP0 — DTA
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	SP0 — C

          where

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Opening of Business on the Ex-Dividend Date
for such dividend or distribution;
	 
	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Opening of Business on the Ex-Dividend Date
for such dividend or distribution;
	 
	 	 
	SP0 =

	 	the average of the Last Reported Sale Prices of
the Common Stock over the 10 consecutive Trading
Day period ending on the Trading Day immediately
preceding the Ex-Dividend Date for such dividend
or distribution;
	 
	 	 
	DTA =

	 	the dividend threshold amount, which will
initially be equal to $0.1066 per month; provided
that if there is not an Ex-Dividend Date for a
dividend in any month, the dividend threshold
amount may be carried forward by the Company to
the next subsequent month and to the extent the
aggregate amount of any dividends with an
Ex-Dividend Date in such subsequent month is less
than $0.2132 such difference may be carried
forward to the second subsequent month, subject to
a maximum dividend threshold amount at any time of
$0.3198; and
	 
	 	 
	C =

	 	the amount in cash per share that the Company
distributes to holders of Common Stock.

          Such adjustment shall become effective immediately following the Opening of Business on the
Ex-Dividend Date for such dividend or distribution.

56

 

          The dividend threshold amount (DTA) is subject to adjustment on an inversely proportional
basis whenever the Conversion Rate is adjusted; provided that no adjustment will be made to the
dividend threshold amount (DTA) for any adjustment made to the Conversion Rate under this Section
10.04(d). If an adjustment is required to be made as set forth in this Section 10.04(d) as a result
of a distribution that is not a regular monthly dividend, the dividend threshold amount (DTA) will
be deemed to be zero. Notwithstanding the foregoing, if at any time regular dividends are
distributed other than on a monthly basis, the dividend threshold amount (DTA) shall be
appropriately adjusted as set forth in an Officers’ Certificate delivered to the Trustee and shall
apply to such regular dividends.

          If “C” (as defined above) is equal to or greater than “SP0” (as defined above), or
if the difference between “SP0” and “C” is less than $0.01, in lieu of the foregoing
increase, each Holder of a Note shall receive, in respect of each $1,000 principal amount thereof,
at the same time and upon the same terms as holders of shares of Common Stock, the amount of cash
that such Holder would have received if such Holder owned a number of shares of Common Stock equal
to the Conversion Rate on the Ex-Dividend Date for such cash dividend or distribution.

          For the avoidance of doubt, for purposes of this Section 10.04(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 10.04(d), references in this Section 10.04(d) 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.

     (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, the Conversion Rate will be
increased based on the following formula:

	 	 	 	 	 	 	 	 	 

	CR1
	 	=
	 	CR0
	 	x
	 	AC + (SP1 x OS1)
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	OS0 x SP1

          where

	 	 	 

	CR1 =

	 	the Conversion Rate in effect immediately after
the Close of Business on the last day of the
Averaging Period (as defined below);
	 
	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to
the Close of Business on the last Trading Day of
the 10 consecutive Trading Day period commencing
on, and including, the Trading Day next succeeding
the date such tender offer or exchange offer
expires (the “Averaging Period”);

57

 

	 	 	 

	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;
	 
	 	 
	SP1 =

	 	the average of the Last Reported Sale Prices of
Common Stock over the Averaging Period;
	 
	 	 
	OS1 =

	 	the number of shares of Common Stock outstanding
immediately after the Close of Business on the day
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 occur after the Close of Business on the last day of the Averaging Period,
but will be given effect at the Close 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 Conversion Date occurs during the Averaging Period. In such
event, the Company will deliver shares of Common Stock (and any cash in lieu of fractional shares),
based on the adjusted Conversion Rate on the third Business Day immediately following the last day
of the Averaging Period.

     (f) Notwithstanding any other provision of this Section 10.04, no adjustments to the
Conversion Rate pursuant to this Section 10.04 will be made:

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

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

     (iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant,
right or exercisable, exchangeable or convertible security not described in clause (ii) of
this Section 10.04(g) and outstanding as of the date the Notes were first issued;

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

     (v) for accrued and unpaid interest; or

58

 

     (vi) under any sub-section of Section 10.04 for any event as to which an adjustment has
already been effected pursuant to another sub-section of Section 10.04.

     (g) To the extent a transaction qualifies under two or more of Section 10.04(a), Section
10.04(b), Section 10.04(c), Section 10.04(d) and Section 10.04(e), the Conversion Rate shall be
adjusted pursuant to Section 10.04(c)(i).

     (h) [Reserved.]

     (i) All calculations and other determinations under this Article X shall be made by the
Company in accordance with Section 12.15 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. Except as provided in this
Article X, no adjustment to the Conversion Rate 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
10.04. The Company will not make any adjustment to the Conversion Rate in connection with any
dividend, distribution, issuance or tender if Holders may participate in such dividend,
distribution, issuance or tender at the same time and upon the same terms as the holders of Common
Stock and as a result of holding the Notes, without having to convert their Notes, as if each such
Holder held a number of shares of Common Stock equal to the applicable Conversion Rate multiplied
by the principal amount (expressed in thousands) of Notes held by such Holder. 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) 10 Business Days prior to the Maturity Date, (2) 10 Business Days
prior to any Fundamental Change Repurchase Date, or (iii) on any Conversion Date.

     (j) 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 provide notice to Holders of such adjustment.

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

59

 

     (l) If the Company pays withholding taxes on a Holder’s behalf as a result of an adjustment to
the Conversion Rate of the Notes, the Company may, at its option, set off such payments against
payments of cash and Common Stock received upon conversion of the Notes.

          Section 10.05. Shares to be Fully Paid. Subject to Section 10.03(c), 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.

          Section 10.06. 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 if such supplemental indenture is then
required to so comply) providing that upon occurrence of any conversion triggering event set forth
in Section 10.01(a) and during periods described therein, each Outstanding Note will, without the
consent of Holders of the Notes, become convertible in accordance with this Indenture into the
consideration the holders of Common Stock received in such Merger Event (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 shares of
Common Stock which voted for such an election (if electing between two types of consideration) or a
plurality of shares 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 10.06 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 Note Register, 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 10.06 shall similarly
apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and
conveyances. If this Section 10.06 applies to any Merger Event, Section 10.04 shall not apply.

          Section 10.07. Notice to Holders Prior to Certain Actions. In case:

60

 

     (a) the Company shall declare a dividend (or any other distribution) on its Common Stock that
would require an adjustment in the Conversion Rate pursuant to Section 10.04; 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 Note Register at least 10 days before 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 10.08. 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 10.04(c)(i), 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 X shall be made in connection
with such shareholders’ rights plan.

          Section 10.09. Company to Comply with NYSE Rules. The Company will not take any
action that would result in an increase in the Conversion Rate pursuant to Section 10.01(b) or an
adjustment to the Conversion Rate pursuant to Section 10.04 or otherwise without, to the extent
necessary, complying with Section 312 of the New York Stock Exchange’s Listed Company Manual or any
successor provision (or provision of any future exchange on

61

 

which the Common Stock is listed if it is no longer listed on the New York Stock Exchange)
requiring stockholder approval of certain issuances of stock.

ARTICLE XI

REPURCHASE OF NOTES AT OPTION OF HOLDERS

          Section 11.01. 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 in principal amount, for
cash on the date (the “Fundamental Change Repurchase Date”) specified by the Company in the
Fundamental Change Company Notice that is not less than twenty calendar days and not more than
thirty-five calendar days after the date of the Fundamental Change Company Notice at a repurchase
price equal to 100% of the principal amount thereof, together with accrued and unpaid interest
thereon to, but excluding, the Fundamental Change Repurchase Date. Notwithstanding the foregoing,
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 will be paid on the
Fundamental Change Repurchase Date to the Holder of record on the Record Date.

          Repurchases of Notes under this Section 11.01 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 or, if the Notes are Global Notes, in compliance with
the Depository’s procedures for surrendering their interests in Global Notes at any time
prior the Close of Business on the Business Day immediately preceding 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 11.01 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 Physical Notes, the certificate numbers of Notes to be delivered for
repurchase;

62

 

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

          (C) that the Notes are to be repurchased by the Company pursuant to the
applicable provisions of the Notes and this Indenture,

provided, however, that if the Notes are not Physical Notes, the Fundamental Change Repurchase
Notice must comply with the Applicable Procedures.

          Any repurchase by the Company contemplated pursuant to the provisions of this Section 11.01
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 11.01(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) On or before the fifth 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 at their addresses shown in the Note 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.

          Each Fundamental Change Company Notice shall specify:

     (i) the events causing the Fundamental Change;

     (ii) the date of the Fundamental Change;

     (iii) that the Holder must exercise the repurchase right prior to the Close of Business
on the Business Day immediately preceding the Fundamental Change Repurchase Date;

63

 

     (iv) the Fundamental Change Repurchase Price;

     (v) the Fundamental Change Repurchase Date;

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

     (vii) that the Fundamental Change also gives the Holder the right to convert;

     (viii) 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 this Indenture; and

     (ix) 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 11.01.

     (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 Close of Business on the Business Day immediately preceding the Fundamental Change
Repurchase Date, specifying:

     (i) if Physical Notes have been issued, the certificate numbers of the withdrawn Notes;

     (ii) the principal amount of the Notes with respect to which such notice of withdrawal
is being submitted; and

     (iii) 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;

provided, however, that if the Notes are not Physical Notes, the notice must comply with Applicable
Procedures. The Paying Agent will promptly return to the respective Holders thereof any Physical
Notes with respect to which a Fundamental Change Repurchase Notice has been withdrawn in compliance
with the provisions of this Section 11.01(c). If the Notes are not Physical Notes, 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 11.01(c), then the Company
shall not be obligated to repurchase any Notes listed in such Fundamental Change Repurchase Notice.

     (d) On or prior to 10:00 a.m. New York City time, on 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 this Indenture an amount of money sufficient to repurchase as of

64

 

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 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 Business Day immediately preceding 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 11.01), 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 11.01 by mailing checks
for the amount payable to the Holders of such Notes entitled thereto as they shall appear in the
Note Register (in the case of Physical Notes) or by wire transfer of immediately available funds to
the account of the Depositary or its nominee (for Global Notes). The Trustee shall, promptly upon
written instructions from the Company 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 sufficient to
repurchase as of the Fundamental Change Repurchase Date all the Notes or portions thereof that are
to be purchased as of the Fundamental Change Repurchase Date, then on and after the Fundamental
Change Repurchase Date (i) such Notes will cease to be Outstanding, (ii) interest 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 11.02. Compliance with Tender Offer Rules.

          In connection with any offer to purchase Notes under Section 11.01 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) comply with all federal and state securities laws so as to
permit the rights and obligations under Section 11.01 to be exercised in the time and in the manner
specified in Section 11.01.

ARTICLE XII

MISCELLANEOUS PROVISIONS

          Section 12.01. Trust Indenture Act Controls.

          If this Indenture is, at any time, required to be qualified under the Trust Indenture Act and
any provision of this Indenture limits, qualifies or conflicts with another provision that is
required to be included in this Indenture by the Trust Indenture Act, the required provision shall
control.

          Section 12.02. Certificate and Opinion as to Conditions Precedent.

65

 

          Upon any request or application by the Company to the Trustee to take or refrain from taking
any action under this Indenture, the Company shall, upon request, deliver to the Trustee an
Officers’ Certificate stating that all conditions precedent (including covenants compliance with
which constitutes a condition precedent), if any, provided for in this Indenture relating to the
proposed action have been complied with and, upon request, an Opinion of Counsel stating that in
the opinion of such counsel, all such conditions precedent (including covenants compliance with
which constitutes a condition precedent), if any, have been complied with.

          Section 12.03. Statements Required in Certificate or Opinion.

          Each certificate or opinion with respect to compliance with a covenant or condition provided
for in this Indenture (other than Officers’ Certificates provided for in Section 4.03) shall
include:

     (a) a statement that the individual making such certificate or opinion has read such covenant
or condition;

     (b) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based;

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

     (d) a statement as to whether or not, in the opinion of such individual, such covenant or
condition has been complied with.

          In giving an Opinion of Counsel, counsel may rely as to factual matters on an Officers’
Certificate or such other certificates of officer(s) of the Company as it may deem appropriate and
on certificates of public officials.

          Section 12.04. Successors. All the covenants, stipulations, promises and agreements
of the Company contained in this Indenture and the Notes shall bind its successors and assigns
whether so expressed or not. All agreements of the Trustee in this Indenture shall bind its
successors and assigns whether so expressed or not.

          Section 12.05. Official Acts by Successor Corporation. Any act or proceeding by any
provision of this 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 12.06. Addresses for Notices, Etc. Any notice or demand which by any
provision of this Indenture is required or permitted to be given or served by the Trustee or by the
Noteholders on the Company shall be deemed to have been sufficiently given or made, for all
purposes if given or served by being deposited postage prepaid by mail in a post office letter box
addressed (until another address is filed by the Company with the Trustee) to Fifth Street

66

 

Finance Corp., 10 Bank Street, 12th Floor, White Plains, New York 10606, Attention:
Bernard D. Berman. Any notice, direction, request or demand hereunder to or upon the Trustee shall
be given or served by being deposited postage prepaid by registered or certified mail in a post
office letter box addressed, or sent by facsimile, to Deutsche Bank Trust Company Americas, Trust
and Securities Services, 60 Wall Street, MS NYC 60-2710, New York, New York 10005, Attention:
Corporate Deal Manager — Fifth Street Finance Corp., Tel: (212) 250-4565, Fax: (732) 578-4635,
with a copy to Deutsche Bank Trust Company Americas, c/o Deutsche Bank National Trust Company,
Trust & Securities Services, 100 Plaza One, MS JCY 03-0699, Jersey City, New Jersey 07311,
Attention: Corporates Team Deal Manager — Fifth Street Finance Corp., Tel: (212) 250-4565, Fax:
(732) 578-4635.

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

          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 Note 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 12.07. Governing Law. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          Section 12.08. Benefits of Indenture. Nothing in this 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 Indenture.

          Section 12.09. Table of Contents, Headings, Etc. The table of contents and the titles
and headings of the articles and sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part hereof, and shall in no way modify or restrict any
of the terms or provisions hereof.

          Section 12.10. Counterparts. This 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 12.11. Trustee. The Trustee makes no representations as to the validity or
sufficiency of this Indenture. The statements and recitals herein are deemed to be those of the
Company and not of the Trustee.

          Section 12.12. Further Instruments and Acts. Upon request of the Trustee, the Company
will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purposes of this Indenture.

67

 

          Section 12.13. Waiver of Jury Trial. EACH OF THE COMPANY 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.

          Section 12.14. Force Majeure. In no event shall the Trustee, Paying Agent 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 12.15. Calculations. Except as otherwise provided in this 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 Note upon the written request of that Holder.

          Section 12.16. USA Patriot Act. The parties hereto acknowledge that in accordance
with Section 326 of the USA Patriot Act Deutsche Bank Trust Company Americas, like all financial
institutions and in order to help fight the funding of terrorism and money laundering, is required
to obtain, verify, and record information that identifies each person or legal entity that
establishes a relationship or opens an account. The parties to this agreement agree that they will
provide Deutsche Bank Trust Company Americas with such information as it may request in order for
Deutsche Bank Trust Company Americas to satisfy the requirements of the USA Patriot Act.

68

 

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

	 	 	 	 	 
	 	COMPANY:

FIFTH STREET FINANCE CORP.

 	 
	 	By:  	 	 
	 	Name:  	Bernard D. Berman 	 
	 	Title:  	President 	 
	 

[Signature page to Indenture]

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee, Paying Agent, Registrar and Conversion Agent

 	 
	 	By:  	Deutsche Bank National Trust Company
 	 
	 	 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[Signature page to Indenture]

 

 

SCHEDULE A

Stock Price

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Effective Date	 	$13.42	 	$14.00	 	$15.00	 	$16.00	 	$17.00	 	$18.00	 	$19.00	 	$20.00	 	$22.50	 	$25.00	 	$27.50	 	$30.00
	 
	April 1, 2011
	 	 	6.7741	 	 	 	5.0345	 	 	 	2.7820	 	 	 	1.3246	 	 	 	0.5188	 	 	 	0.2148	 	 	 	0.1529	 	 	 	0.1411	 	 	 	0.1232	 	 	 	0.1085	 	 	 	0.0968	 	 	 	0.0870	 
	April 1, 2012
	 	 	6.7741	 	 	 	5.9317	 	 	 	3.4224	 	 	 	1.7435	 	 	 	0.7414	 	 	 	0.2845	 	 	 	0.1618	 	 	 	0.1415	 	 	 	0.1232	 	 	 	0.1085	 	 	 	0.0968	 	 	 	0.0870	 
	April 1, 2013
	 	 	6.7741	 	 	 	6.6187	 	 	 	3.8920	 	 	 	2.0424	 	 	 	0.9064	 	 	 	0.3465	 	 	 	0.1726	 	 	 	0.1422	 	 	 	0.1232	 	 	 	0.1085	 	 	 	0.0968	 	 	 	0.0870	 
	April 1, 2014
	 	 	6.7741	 	 	 	6.7741	 	 	 	3.9885	 	 	 	2.0539	 	 	 	0.8897	 	 	 	0.3345	 	 	 	0.1699	 	 	 	0.1420	 	 	 	0.1232	 	 	 	0.1085	 	 	 	0.0968	 	 	 	0.0870	 
	April 1, 2015
	 	 	6.7741	 	 	 	6.2530	 	 	 	3.3119	 	 	 	1.4897	 	 	 	0.5465	 	 	 	0.2157	 	 	 	0.1528	 	 	 	0.1411	 	 	 	0.1232	 	 	 	0.1085	 	 	 	0.0968	 	 	 	0.0870	 
	April 1, 2016
	 	 	6.7741	 	 	 	3.6871	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 

 

 

EXHIBIT A

[FORM OF FACE OF NOTE]

[Global Note Legend]

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

[Restricted Note Legend]

THE NOTES AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE
OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, AND NOT SUBJECT TO, REGISTRATION.

BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

	 	1.	 	REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED
INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND
THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND
	 
	 	2.	 	AGREES FOR THE BENEFIT OF FIFTH STREET FINANCE CORP. (THE “COMPANY”) THAT IT
WILL NOT OFFER, SELL, ASSIGN, TRANSFER, PLEDGE, ENCUMBER OR OTHERWISE DISPOSE OF THIS
SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X)
ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS
PERMITTED

A-1

 

	 	 	 	BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND (Y)
SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: (A) TO THE
COMPANY OR ANY OF ITS SUBSIDIARIES, OR (B) PURSUANT TO A REGISTRATION STATEMENT
WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR (C) TO A QUALIFIED
INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR (D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES
ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT.

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE COMPANY, AND
THE TRANSFER AGENT, IN THE CASE OF ANY COMMON STOCK ISSUED UPON THE CONVERSION OF THE NOTES, AND
THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR
OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS
BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO
REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT.

NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY OR PERSON THAT HAS
BEEN AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY DURING THE THREE
IMMEDIATELY PRECEDING MONTHS MAY PURCHASE OR OTHERWISE ACQUIRE THIS NOTE OR A BENEFICIAL INTEREST
HEREIN.

[Regulation D Note Legend]

THE NOTES AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE
OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, AND NOT SUBJECT TO, REGISTRATION.

BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER AGREES FOR THE BENEFIT
OF FIFTH STREET FINANCE CORP. (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, ASSIGN, TRANSFER,
PLEDGE, ENCUMBER OR OTHERWISE DISPOSE OF THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO
THE DATE THAT IS THE LATER OF (X) ONE YEAR

A-2

 

AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144
UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS
MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: (A) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, OR (B)
PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR (C) TO
A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR (D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY
OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE COMPANY, AND
THE TRANSFER AGENT, IN THE CASE OF ANY COMMON STOCK ISSUED UPON THE CONVERSION OF THE NOTES, AND
THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR
OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS
BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO
REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT.

A-3

 

Fifth Street Finance Corp.

5.375% Senior Convertible Notes due 2016

			
	 	 	 
	No._________
	 	$_________
	 
	CUSIP No. [________]
	 	ISIN No. [_________]
                 
      

          Fifth Street Finance Corp., a corporation organized under the laws of [•] (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 “Depositary”)]’1, the principal sum of [_________] ($[_________])[, or such
principal amount as shall be reflected in the books and records of the Trustee and the
Depositary,]2 on April 1, 2016, unless earlier converted or repurchased.

          This Note shall bear interest at the rate of 5.375% per year from April 12, 2011, or from the
most recent date to which interest had been paid or provided. Interest on this Note shall be
computed on the basis of a 360-day year comprised of twelve 30-day months. Except as otherwise
provided in the Indenture, interest is payable semi-annually in arrears on each April 1 and October
1, commencing October 1, 2011, to Holders of record at the Close of Business on the preceding March
15 and September 15, 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 April 12, 2011, if no interest has been paid hereon) to but excluding such
Interest Payment Date. To the extent lawful, payments of principal or interest on the Notes that
are not made when due will accrue interest at the annual rate specified in this Note from the
required payment date in accordance with the provisions of the Indenture.

          Payment of the principal and interest, on this Note 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 Note 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 Notes with an aggregate principal amount of $5,000,000
or more, at the application of such Holder in writing to the Company, interest on such Holder’s
Notes 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) at least five Business Days prior to the relevant Interest Payment
Date. Notwithstanding the foregoing, payment of interest in respect of Notes held in global form
shall be made in accordance with Applicable Procedures.

 

			
	1	 	Use bracketed language for a Global Note.
	 
	2	 	Use bracketed language for a Global Note.

Exh. A-1

 

          Reference is made to the further provisions of this Note set forth on the reverse hereof,
including, without limitation, provisions giving the Holder of this Note the right to convert this
Note 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.

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

          This Note 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-2

 

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

	 	 	 	 	 
	 	FIFTH STREET FINANCE CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	[                    ] 	 
	 	 	Title:  	[President or Vice President] 	 
	 

	 	 	 	 	 
	Attest

 	 	 
	By:  	 	 	 
	 	Name:  	[                    ] 	 	 
	 	Title:  	[Secretary or Assistant Secretary] 	 	 

Dated: [                    ], 2011

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

          This is one of the Notes of the series designated therein referred to in the within-mentioned
Indenture.

DEUTSCHE BANK TRUST COMPANY AMERICAS,

not in its individual capacity but solely as Trustee

By: Deutsche Bank National Trust Company

	 	 	 	 	 

	BY:
	 	 	 	 
	 

	 	 

Authorized Officer
	 	 

Date of Authentication: [                    ], 2011

[Signature page to [Global/Physical] Note]

Exh. A-3

 

[FORM OF REVERSE OF NOTE]

Fifth Street Finance Corp.

5.375% Senior Convertible Notes due 2016

          This Note is one of a duly authorized issue of Notes of the Company, designated as its 5.375%
Senior Convertible Notes due 2016 (herein called the “Notes”), issued under and pursuant to an
Indenture dated as of April 12, 2011 (herein called the “Indenture”) between the Company and
Deutsche Bank Trust Company Americas (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
and the Holders of the Notes. Capitalized terms used but not defined in this Note shall have the
meanings ascribed to them in the Indenture.

          In case certain Events of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal of and interest on all Notes 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. In the case of an Event of Default specified in clause (h) or (i) of
Section 5.01 of the Indenture with respect to the Company, the principal amount of and accrued and
unpaid interest on all Outstanding Notes will become due and payable immediately without further
action or notice by the Trustee or any Holder.

          Subject to the terms and conditions of the Indenture and except as provided in 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 Note to a Paying Agent to collect such payments in respect of the Note. 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 Notes, and in other circumstances, with
the consent of the Holders of not less than a majority in principal amount of the Notes 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 Notes;
provided, however, that no such supplemental indenture shall make any of the changes set forth in
Section 8.02 of the Indenture, without the consent of each Holder of an Outstanding Note affected
thereby. It is also provided in the Indenture that, prior to any declaration accelerating the
maturity of the Notes, the Holders of a majority in principal amount of the Notes at the time
Outstanding may on behalf of the Holders of all of the Notes 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 Note (unless revoked as provided in the Indenture) shall be
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any
securities which may be issued in exchange or substitution hereof, irrespective of whether or not
any notation thereof is made upon this Note or such other securities.

Exh. A-4

 

          No reference herein to the Indenture and no provision of this Note 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 Note or deliver shares of Common Stock upon
conversion of this Note at the place, at the respective times, at the rate and in the lawful money
herein prescribed.

          The Notes 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 Notes (except as otherwise provided in the Indenture), Notes may be exchanged for a like
aggregate principal amount of Notes of other authorized denominations.

          The Notes 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 Notes 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 Notes such holder elects to require the Company to repurchase, together with accrued
and unpaid interest to but excluding the Fundamental Change Repurchase Date. The Company shall mail
to all Holders of record of the Notes 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 Note 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 Note. 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 67.7415 shares of Common Stock per $1,000 principal amount of
Notes, subject to adjustment in accordance with the provisions of the Indenture. If a Holder
converts all or a part of this Note in connection with the occurrence of certain Non-Stock Change
of Control transactions, the Conversion Rate shall be increased in the manner and to the extent
described in the Indenture.

          Upon due presentment for registration of transfer of this Note at the office or agency of the
Company in the Borough of Manhattan, City of New York, a new Note or Notes 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 Notes (except as otherwise set forth in the Indenture).

Exh. A-5

 

          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 Note (whether or not this Note 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 Note.

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-6

 

EXHIBIT B

FORM OF CONVERSION NOTICE

To: Fifth Street Finance Corp.

     The undersigned registered owner of this Note hereby exercises the option to convert this
Note, 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 Note, 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 Notes
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 Note 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
Note.

	 	 	 

	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 Notes 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 Notes 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: Fifth Street Finance Corp.

          The undersigned registered owner of this Note hereby acknowledges receipt of a notice from
Fifth Street Finance Corp. (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 Note, 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 Note,
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 Note 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 Note, and
hereby irrevocably constitutes and appoints ____________ attorney to transfer the said Note on the
books of the Company, with full power of substitution in the premises.

     In connection with any transfer of the Notes prior to the Resale Restriction Termination Date,
the undersigned confirms that such Notes are being transferred:

	 	§	 	To Fifth Street Finance Corp. or a subsidiary thereof; or
	 
	 	§	 	To a “qualified institutional buyer” in compliance with Rule 144A under the Securities Act
of 1933, as amended; or
	 
	 	§	 	Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended,
or any other available exemption from the registration requirements of the Securities Act of
1933, as amended; or
	 
	 	§	 	Pursuant to a Registration Statement which has been declared effective under the
Securities Act of 1933, as amended, and which continues to be effective at the time of
transfer;

[and unless the Notes has been transferred to Fifth Street Finance Corp. or a subsidiary thereof,
the undersigned confirms that such Notes are not being transferred to an “affiliate” of the Company
as defined in Rule 144 under the Securities Act of 1933, as amended.]3

Capitalized terms used but not defined herein shall have the respective meanings assigned to them
in the Indenture between Fifth Street Finance Corp. and Deutsche Bank Trust Company Americas, as
Trustee.

Unless one of the boxes is checked, the Trustee shall refuse to register any of the Notes evidenced
by this certificate in the name of any person other than the registered holder thereof

	 

	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

 

			
	3	 	For Non-Regulation D Notes only.

Exh. D-1

 

	 	 	 

	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 Notes 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 Note in
every particular without alteration or enlargement or any change whatever.

Exh. D-2

 

EXHIBIT E

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT ), AND THIS SECURITY
MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM.

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) PURSUANT TO AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING THE EXEMPTION PROVIDED BY RULE 144 UNDER
THE SECURITIES ACT (IF AVAILABLE), SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY
SUCH OFFER, SALE OR TRANSFER PURSUANT TO THIS CLAUSE (I) TO REQUIRE THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM THAT ANY SUCH
EXEMPTION IS AVAILABLE TO THE HOLDER, (II) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OR (III) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, IN EACH OF CASES (I) THROUGH
(III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B)
THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY SUBSEQUENT PURCHASER OF THIS
SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

Exh. E-1

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