Document:

Exhibit 10.1

February 6, 2007

To:                                                                              Conceptus,
Inc.

331 East Evelyn Avenue

Mountain View, California  94041

Attn:  Chief Financial Officer

Telephone:  (650) 962-4000

Facsimile:  (650) 962-5200

From:                                                                  UBS
AG, London Branch

c/o UBS Securities LLC

299 Park Avenue

New York, NY  10171

Attn:  Adam Frieman

Telephone:  (212) 821-2100

Facsimile:  (212) 821-4610

Re:                                                                             Convertible
Bond Hedge Transaction

(UBS Reference Number: BKP352STM2300066)

Ladies and Gentlemen:

The purpose of
this communication (this “Confirmation”)
is to set forth the terms and conditions of the above-referenced transaction
entered into on the Trade Date specified below (the “Transaction”)
between UBS AG, London Branch (“Dealer”)
represented by UBS Securities LLC (“Agent”)
as its agent, and Conceptus, Inc. (“Counterparty”).  This communication constitutes a “Confirmation”
as referred to in the ISDA Master Agreement specified below.

1.             This Confirmation is subject to,
and incorporates, the definitions and provisions of the 2000 ISDA Definitions
(including the Annex thereto) (the “2000 Definitions”)
and the definitions and provisions of the 2002 ISDA Equity Derivatives
Definitions (the “Equity Definitions”,
and together with the 2000 Definitions, the “Definitions”),
in each case as published by the International Swaps and Derivatives
Association, Inc. (“ISDA”).  In the event of any inconsistency between the
2000 Definitions and the Equity Definitions, the Equity Definitions will
govern.  Certain defined terms used
herein have the meanings assigned to them in the indenture to be dated as of
February 12, 2007 (the “Base Indenture”)
between Counterparty and Wells Fargo Bank, N.A., as trustee (the “Trustee”), as supplemented by a first supplemental indenture
thereto to be dated as of February 12, 2007 (the “Supplemental
Indenture” and, together with the Base Indenture, the “Indenture”)
relating to the Counterparty’s USD 75,000,000 principal amount of 2.25%
Convertible Senior Notes due 2027 (the “Convertible Notes”).  In the event of any inconsistency between the
terms defined in the Indenture and this Confirmation, this Confirmation shall
govern.  If any relevant sections of the
Indenture referred to herein are changed, added or renumbered following
execution of this Confirmation, the parties will amend this Confirmation in
good faith to preserve the economic intent of the parties.

Each party is
hereby advised, and each such party acknowledges, that the other party has
engaged in, or refrained from engaging in, substantial financial transactions
and has taken other material actions in reliance upon the parties’ entry into
the Transaction to which this Confirmation relates on the terms and conditions
set forth below.

This Confirmation
evidences a complete and binding agreement between Dealer and Counterparty as
to the terms of the Transaction to which this Confirmation relates.  This Confirmation shall be subject to an
agreement (the “Agreement”) in the
form of the 2002 ISDA Master Agreement (the “ISDA Form”)
as if Dealer and Counterparty had executed an agreement in such form (without
any Schedule but with the elections set forth in this Confirmation).  For the avoidance of doubt, the Transaction
shall be the only transaction under the Agreement.

All provisions
contained in, or incorporated by reference to, the Agreement will govern this
Confirmation except as expressly modified herein.  In the event of any inconsistency between
this Confirmation and either the Definitions or the Agreement, this
Confirmation shall govern.

2.             The Transaction constitutes a Share
Option Transaction for purposes of the Equity Definitions.  The terms of the particular Transaction to
which this Confirmation relates are as follows:

General Terms:

	
  Trade Date:

  	
  February 6, 2007

  
	
  Effective Date:

  	
  February 12, 2007,
  subject to Section 8(m)

  
	
  Option Style:

  	
  Modified American, as
  described under “Procedures for Exercise” below.

  
	
  Option Type:

  	
  Call

  
	
  Seller:

  	
  Dealer

  
	
  Buyer:

  	
  Counterparty

  
	
  Shares:

  	
  The Common Stock of
  Counterparty, par value USD 0.003 per share (Ticker Symbol: “CPTS”).

  
	
  Number of Options:

  	
  The number of
  Convertible Notes in denominations of USD1,000 principal amount issued by
  Counterparty on the closing date for the initial issuance of the Convertible
  Notes; provided that the Number of Options
  shall be increased as of the date of each exercise by UBS Securities LLC of
  its over-allotment option pursuant to Section 1 of the Underwriting Agreement
  dated February 6, 2007 between Counterparty and UBS Securities LLC (the “Underwriting Agreement”)
  by the number of Convertible Notes in denominations of USD1,000 principal
  amount issued pursuant to such exercise (such Convertible Notes, the “Additional Convertible Notes”). For the
  avoidance of doubt, the Number of Options outstanding shall be reduced by
  each exercise of Options hereunder.

  
	
  Option Entitlement:

  	
  As of any date, a
  number of Shares per Option equal to the Conversion Rate (as defined in the
  Indenture, but without regard to any election by Counterparty to adjust the
  Conversion Rate and the conversion obligation pursuant to Section 10.05 (f)
  or Section 10.08 of the Supplemental Indenture).

  
	
  Strike Price:

  	
  As of any date, an
  amount in USD, rounded to the nearest cent (with 0.5 cents being rounded
  upwards), equal to USD1,000 divided by
  the Option Entitlement.

  
	
  Applicable Percentage:

  	
  86.6667%, provided that if the Number of Options is increased
  pursuant to the proviso to the “Number of Options” above, the parties shall
  amend this confirmation to revise the Applicable Percentage as appropriate.

  

 

 2
 

 

	
  Number of Shares:

  	
  The product of the
  Number of Options and the Option Entitlement and the Applicable Percentage.

  
	
  Premium:

  	
  USD14,599,000 (Premium
  per Option USD224.60); provided that
  if the Number of Options is increased pursuant to the proviso to the
  definition of “Number of Options” above, an additional Premium equal to the
  product of the number of Options by which the Number of Options is so
  increased and the Premium per Option.

  
	
  Premium Payment Date:

  	
  The Effective Date

  
	
  Additional Premium
  Payment Date:

  	
  The closing date for
  the purchase and sale of the Additional Convertible Notes.

  
	
  Exchange:

  	
  NASDAQ Global Market

  
	
  Related Exchange:

  	
  All Exchanges

  
	
  Procedures for
  Exercise:

  	
   

  
	
  Potential Exercise
  Dates:

  	
  Each Conversion Date.

  
	
  Conversion Date:

  	
  Each “Conversion Date”,
  as defined in the Supplemental Indenture, of Convertible Notes (such
  Convertible Notes surrendered for conversion, the “Relevant
  Convertible Notes” for such Conversion Date) occurring on or prior
  to the Expiration Date.

  
	
   

  	
  If the principal amount
  of Relevant Convertible Notes for any Conversion Date is less than the
  aggregate principal amount of Convertible Notes then outstanding, then the
  terms of the Transaction shall continue to apply, subject to the provisions
  of this Confirmation, with respect to the remaining outstanding principal
  amount of the Convertible Notes.

  
	
  Required Exercise on

  Conversion Dates:

  	
  

  On each Conversion Date for Relevant Convertible Notes, a number of Options
  equal to the number of Relevant Convertible Notes in denominations of USD1,000
  principal amount submitted for conversion on such Conversion Date in
  accordance with the terms of the Indenture shall be automatically exercised,
  subject to “Notice of Exercise” below.

  
	
  Exercise Period:

  	
  The period from and
  excluding the Trade Date to and including the Expiration Date.

  
	
  Expiration Date

  	
  The earlier of (x) last
  day on which any Convertible Notes remain outstanding and (y) February 15,
  2012.

  
	
  Multiple Exercise:

  	
  Applicable, as provided
  above under “Required Exercise on Conversion Dates”.

  
	
  Minimum Number of
  Options:

  	
  1

  

 

 3
 

 

	
  Maximum Number of Options:

  	
  Number of Options

  
	
  Integral Multiple:

  	
  Not Applicable

  
	
  Automatic Exercise:

  	
  As provided above under
  “Required Exercise on Conversion Dates”.

  
	
  Notice of Exercise:

  	
  Notwithstanding
  anything to the contrary in the Equity Definitions, in order to exercise any
  Options, Counterparty or the Trustee must notify Dealer in writing prior to
  5:00 PM, New York City time, on the Exchange Business Day prior to the first
  Trading Day (as such term is defined in the Indenture) of the “Cash
  Settlement Averaging Period”, as defined in the Indenture, relating to the
  Relevant Convertible Notes converted on the Conversion Date relating to the
  relevant Exercise Date (the “Notice Deadline”)
  of (i) the number of Options being exercised on such Exercise Date, (ii) the
  scheduled settlement date under the Indenture for the Relevant Convertible
  Notes converted on the Conversion Date corresponding to such Exercise Date,
  (iii) the number, if any, of such Options that correspond to a conversion of
  Convertible Notes in connection with a Make-Whole Fundamental Change (as such
  term is defined in the Indenture) pursuant to Section 10.01(A)(v)(a) of the
  Indenture and (iv) the number of additional Shares to be delivered as
  Make-Whole Consideration (as such term is defined in Section 10.14 of the
  Indenture), if any, per Convertible Note deliverable with respect to any such
  Convertible Notes pursuant to Section 10.14 of the Indenture; provided that, notwithstanding the foregoing, such notice
  (and the related exercise of Options) shall be effective if given after the
  Notice Deadline, but prior to 5:00 PM New York City time, on the fifth
  Exchange Business Day of such “Cash Settlement Averaging Period”, in which
  event the Calculation Agent shall have the right to adjust the Delivery
  Obligation as appropriate to reflect the additional costs (including, but not
  limited to, hedging mismatches and market losses) and expenses incurred by
  Dealer in connection with its hedging activities (including the unwinding of
  any hedge position) as a result of Dealer not having received such notice
  prior to the Notice Deadline.

  
	
  Dealer’s Telephone Number

  and Telex and/or Facsimile Number

  and Contact Details for purpose of

  Giving Notice: 

  	
  

  

  

  To: UBS AG, London Branch

  c/o UBS Securities LLC

  299 Park Avenue

  New York, NY 10171

  Attn: Adam Frieman

  Telephone: (212) 821-2100

  Facsimile: (212) 821-4610 

  
	
  Settlement Terms:

  	
   

  
	
  Settlement Date:

  	
  In respect of an
  Exercise Date occurring on a Conversion Date, the settlement date for the
  Shares to be delivered in respect of the Relevant Convertible Notes under the
  terms of

  

 

 4
 

 

	
  

  	
  the Indenture; provided that the Settlement Date will not be prior to the
  later of (i) the date one Settlement Cycle following the final day of the
  “Cash Settlement Averaging Period”, as defined in the Indenture, or (ii) the
  Exchange Business Day immediately following the date on which Counterparty
  gives notice to Dealer of such Settlement Date prior to 5:00 PM, New York
  City time.

  
	
  Delivery Obligation:

  	
  In lieu of the
  obligations set forth in Sections 8.1 and 9.1 of the Equity Definitions, and
  subject to “Notice of Exercise” above, in respect of an Exercise Date
  occurring on a Conversion Date, Dealer will deliver to Counterparty, on the
  related Settlement Date, the product (x) of the Applicable Percentage and (y)
  a number of Shares equal to the aggregate number of Shares and cash in lieu
  of fractional Shares that Counterparty is obligated to deliver to the
  holder(s) of the Relevant Convertible Notes converted on such Conversion Date
  pursuant to Section 10.02(A)(ii) of the Supplemental Indenture (the “Convertible Obligation”); provided
  that, if the Relevant Convertible Notes are being converted in connection
  with any Make-Whole Fundamental Change (as defined in the Indenture), (a) the
  Calculation Agent shall determine an amount that would be payable by Dealer
  to Counterparty pursuant to Section 6(e)(ii)(1) of the Agreement (for
  purposes of such determination, the Calculation Agent shall not be taking
  into account the amount deliverable to the holder(s) of the Relevant
  Convertible Notes pursuant to Section 10.14 of the Indenture) if (x) the
  Number of Options were equal to the product of the Applicable Percentage and
  the number of the Relevant Convertible Notes and (y) the Make-Whole
  Fundamental Change were an Additional Termination Event occurring on the
  effective date for the Make-Whole Fundamental Change with Counterparty as the
  sole Affected Party (the “Fair Value Amount”),
  and (b) to the extent that a number of additional Shares that Counterparty is
  obligated to deliver to holder(s) of the Relevant Convertible Notes as
  Make-Whole Consideration as a result of any adjustments to the Conversion
  Rate pursuant to Section 10.14 of the Indenture in respect of such Make-Whole
  Fundamental Change exceeds the number of Shares equal to the Fair Value
  Amount (such number of Shares to be determined by the Calculation Agent based
  on the daily VWAP of the Shares on the effective date of the Make-Whole
  Fundamental Change), then the “Delivery Obligation” shall be determined
  excluding any such excess Shares. To the extent that Shares are exchanged
  for, converted into, acquired for or constitute solely the right to receive
  cash as a result of such Make-Whole Fundamental Change, the Delivery
  Obligation may be settled with cash in lieu of Shares, as reasonably
  determined by the Calculation Agent.

  
	
  Notice of Delivery
  Obligation:

  	
  No later than the
  Exchange Business Day immediately following the last day of the “Cash
  Settlement Averaging Period”, as defined in the Indenture, Counterparty shall
  give Dealer notice of the final number of Shares comprising the Convertible
  Obligation (it being understood, for the avoidance

  

 

 5
 

 

	
  

  	
  of doubt, that the
  requirement of Counterparty to deliver such notice shall not limit
  Counterparty’s obligations with respect to Notice of Exercise, as set forth
  above, in any way).

  
	
  Other Applicable
  Provisions:

  	
  To the extent Dealer is
  obligated to deliver Shares hereunder, the provisions of Sections 9.1(c),
  9.8, 9.9, 9.10, 9.11 and 9.12 of the Equity Definitions will be applicable,
  except that all references in such provisions to “Physically-Settled” shall
  be read as references to “Net Share Settled”; and provided
  that the Representation and Agreement contained in Section 9.11 of the Equity
  Definitions shall be modified by excluding any representations therein
  relating to restrictions, obligations, limitations or requirements under
  applicable securities laws as a result of the fact that “Buyer” is the issuer
  of the Shares.

  
	
  Restricted Certificated
  Shares:

  	
  Notwithstanding
  anything to the contrary in the Equity Definitions, Dealer may, in whole or
  in part, deliver Shares in certificated form representing the Number of
  Shares to be Delivered to Counterparty in lieu of delivery through the
  Clearance System.

  
	
  Adjustments:

  	
   

  
	
  Method of Adjustment:

  	
  Notwithstanding Section
  11.2 of the Equity Definitions, upon the occurrence of any event or condition
  set forth in Section 10.05(a), Section 10.05(b), Section 10.05(c) or Section
  10.05(d) of the Supplemental Indenture, the Calculation Agent shall make the
  corresponding adjustment in respect of any one or more of the Number of
  Options, the Option Entitlement and any other variable relevant to the
  exercise, settlement or payment of the Transaction, to the extent an
  analogous adjustment is made under the Indenture.

  
	
  Extraordinary
  Events:

  	
   

  
	
  Merger Events:

  	
  Notwithstanding Section
  12.1(b) of the Equity Definitions, a “Merger Event” means the occurrence of
  any event or condition set forth in clause (i), clause (ii) or clause (iii)
  of the first paragraph Section 10.11 of the Supplemental Indenture.

  
	
  Tender Offer:

  	
  Applicable.
  Notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer”
  means the occurrence of any event or condition set forth in Section 10.05(e)
  of the Supplemental Indenture.

  
	
   

  	
   

  
	
  Consequences of Merger
  Events and

  Tender Offers:

  	
  

  Notwithstanding Sections 12.2 and 12.3 of the Equity Definitions, upon the
  occurrence of a Merger Event or Tender Offer, the Calculation Agent shall
  make the corresponding adjustment in respect of any adjustment under the
  Indenture to any one or more of the nature of the Shares, the Number of
  Options, the Option Entitlement and any other variable relevant to the
  exercise, settlement or payment for the Transaction, to the extent an
  analogous adjustment is made under the Indenture.

  

 

 6
 

 

	
  Nationalization, Insolvency

  or Delisting:

  	
  

  Cancellation and Payment (Calculation Agent Determination); provided that in addition to the
  provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also
  constitute a Delisting if the Exchange is located in the United States and
  the Shares are not immediately re-listed, re-traded or re-quoted on any of
  the New York Stock Exchange, the American Stock Exchange or the NASDAQ Global
  Market (or their respective successors); if the Shares are immediately
  re-listed, re-traded or re-quoted on any such exchange or quotation system,
  such exchange or quotation system shall thereafter be deemed to be the
  Exchange.

  
	
  Additional Disruption
  Events:

  	
   

  
	
  (a)    Change in Law:

  	
  Applicable

  
	
  (b)    Failure to Deliver:

  	
  Applicable

  
	
  (c)    Insolvency Filing:

  	
  Applicable

  
	
  (d)    Hedging Disruption:

  	
  Applicable

  
	
  (e)    Increased Cost of Hedging:

  	
  Not Applicable

  
	
  Hedging Party:

  	
  For all applicable
  Additional Disruption Events, Dealer

  
	
  Determining Party:

  	
  For all applicable
  Additional Disruption Events, Dealer

  
	
  Non-Reliance:

  	
  Applicable

  
	
  Agreements and
  Acknowledgments

  Regarding Hedging Activities:

  	
  Applicable

  
	
  Additional
  Acknowledgments:

  	
  Applicable

  
	
  3.                    Calculation
  Agent:

  	
  Dealer

  
	
  4.                    Account
  Details:

  	
   

  
	
  Dealer Payment
  Instructions:

  	
   

  
	
  UBS AG Stamford

  SWIFT:  UBSWUS33XXX

  Bank Routing:  026-007-993

  Account Name:  UBS AG, London Branch

  Account No. :  101-WA-140007-000

  
	
  Counterparty Payment
  Instructions:

  
	
  To be provided by
  Counterparty.

  	
   

  

 

 7
 

 

	
  5.                    Offices:

  	
   

  
	
  The Office of Dealer
  for the Transaction is:

  
	
  UBS AG

  100 Liverpool Street 

  London EC2M 2RH

  United Kingdom

  Telephone:  +44 207 568 0687

  Facsimile:  +44 207 568 9895/6

  
	
  The Office of
  Counterparty for the Transaction is: 
  N/A

  
	
  For the purpose of
  Section 10(c) of the Agreement, neither party is a Multibranch Party.

  
	
  6.                    Notices:  For purposes of this Confirmation:

  
	
  (a)                 Address
  for notices or communications to Counterparty:

  
	
  To:

  

  

  Attn:

  Telephone:

  Facsimile:

  	
  Conceptus, Inc.

  331 East Evelyn Avenue

  Mountain View, California  94041

  Chief Financial Officer

  (650) 962-4000

  (650) 962-5200

  
	
  (b)                 Address
  for notices or communications to Dealer:

  
	
  To:

  

  

  

  Attn:

  Telephone:

  Facsimile:

  	
  UBS AG, London Branch

  c/o UBS Securities LLC 

  299 Park Avenue

  New York, NY  10171

  Adam Frieman

  (212) 821-2100

  (212) 821-4610

  
	
  With a copy to:

  
	
  To:

  

  

  Attn:

  Telephone:

  Facsimile:

  	
  Equities Legal
  Department

  677 Washington Boulevard

  Stamford, CT  06901

  David Kelly and Gordon Kiesling

  (203) 719-0268 

  (203) 719-5627

  
	
  and:

  
	
  To:

  

  

  Attn:

  Telephone:

  Facsimile:

  	
  Equities Volatility
  Trading

  677 Washington Boulevard

  Stamford, CT  06901

  Namuk Cho and Brian Ward

  (203) 719-7330

  (203) 719-7910

  
			

 

 8

7.                                       Representations,
Warranties and Agreements:

(a)                                  In addition to the
representations and warranties in the Agreement and those contained elsewhere
herein, Counterparty represents and warrants to and for the benefit of, and
agrees with, Dealer as follows:

(i)                                     On
the Trade Date, (A) Counterparty is not aware of any material nonpublic
information regarding Counterparty or the Shares and (B) all reports and other
documents filed by Counterparty with the Securities and Exchange Commission
pursuant to the Securities Act of 1933, as amended (the “Securities Act”) and Securities Exchange
Act of 1934, as amended (the “Exchange Act”)
when considered as a whole (with the more recent such reports and documents
deemed to amend inconsistent statements contained in any earlier such reports
and documents), do not contain any untrue statement of a material fact or any
omission of a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances in which they were made,
not misleading.

(ii)                                  On
the Trade Date, neither Counterparty nor any “affiliate” or “affiliated
purchaser” (each as defined in Rule 10b-18 of the Exchange Act (“Rule 10b-18”)) shall directly or indirectly
(including, without limitation, by means of any cash-settled or other
derivative instrument) purchase, offer to purchase, place any bid or limit
order that would effect a purchase of, or commence any tender offer relating
to, any Shares (or an equivalent interest, including a unit of beneficial
interest in a trust or limited partnership or a depository share) or any
security convertible into or exchangeable or exercisable for Shares, except
through Dealer.

(iii)                               Without
limiting the generality of Section 13.1 of the Equity Definitions, Counterparty
acknowledges that Dealer is not making any representations or warranties with
respect to the treatment of the Transaction under FASB Statements 149 or 150,
EITF Issue No. 00-19 (or any successor issue statements) or under FASB’s
Liabilities & Equity Project.

(iv)                              Without
limiting the generality of Section 3(a)(iii) of the Agreement, the Transaction
will not violate Rule 13e-1 or Rule 13e-4 under the Exchange Act.

(v)                                 Prior
to the Trade Date, Counterparty shall deliver to Dealer a resolution of
Counterparty’s board of directors authorizing the Transaction and such other
certificate or certificates as Dealer shall reasonably request.

(vi)                              Counterparty
is not entering into this Confirmation to create actual or apparent trading
activity in the Shares (or any security convertible into or exchangeable for
Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in
violation of the Exchange Act.

(vii)                           Counterparty
is not, and after giving effect to the transactions contemplated hereby will
not be, an “investment company” as such term is defined in the Investment
Company Act of 1940, as amended.

(viii)                        On the
Trade Date (A) the assets of Counterparty at their fair valuation exceed the
liabilities of Counterparty, including contingent liabilities, (B) the capital
of Counterparty is adequate to conduct the business of Counterparty and (C)
Counterparty has the ability to pay its debts and obligations as such debts
mature and does not intend to, or does not believe that it will, incur debt
beyond its ability to pay as such debts mature.

(ix)                                The
representations and warranties of Counterparty set forth in Section 3 of the
Agreement and Section 3 of the Underwriting Agreement are true and correct and
are hereby deemed to be repeated to Dealer as if set forth herein.

 

 9
 

(x)                                   Counterparty
understands that no obligations of Dealer to it hereunder will be entitled to
the benefit of deposit insurance and that such obligations will not be guaranteed
by any affiliate of Dealer or any governmental agency.

(b)                                 Each of Dealer and
Counterparty agrees and represents that it is an “eligible contract participant”
as defined in Section 1a(12) of the U.S. Commodity Exchange Act, as amended.

(c)                                  Each of Dealer and
Counterparty acknowledges that the offer and sale of the Transaction to it is
intended to be exempt from registration under the Securities Act by virtue of
Section 4(2) thereof.  Accordingly,
Counterparty represents and warrants to Dealer that (i) it has the financial
ability to bear the economic risk of its investment in the Transaction and is
able to bear a total loss of its investment and its investments in and
liabilities in respect of the Transaction, which it understands are not readily
marketable, are not disproportionate to its net worth, and it is able to bear
any loss in connection with the Transaction, including the loss of its entire
investment in the Transaction, (ii) it is an “accredited investor” as that term
is defined in Regulation D as promulgated under the Securities Act, (iii) it is
entering into the Transaction for its own account and without a view to the
distribution or resale thereof, (iv) the assignment, transfer or other
disposition of the Transaction has not been and will not be registered under
the Securities Act and is restricted under this Confirmation, the Securities
Act and state securities laws, and (v) its financial condition is such that it
has no need for liquidity with respect to its investment in the Transaction and
no need to dispose of any portion thereof to satisfy any existing or
contemplated undertaking or indebtedness and is capable of assessing the merits
of and understanding (on its own behalf or through independent professional
advice), and understands and accepts, the terms, conditions and risks of the
Transaction.

(d)                                 Each of Dealer and
Counterparty agrees and acknowledges (A) that this Confirmation is (i) a “securities
contract,” as such term is defined in Section 741(7) of Title 11 of the United
States Code (the “Bankruptcy Code”),
with respect to which each payment and delivery hereunder is a “settlement
payment,” as such term is defined in Section 741(8) of the Bankruptcy Code, and
(ii) a “swap agreement,” as such term is defined in Section 101(53B) of the
Bankruptcy Code, with respect to which each payment and delivery hereunder is a
“transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code,
and (B) that Dealer is entitled to the protections afforded by, among other
sections, Section 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the
Bankruptcy Code.

8.                                       Other
Provisions:

(a)                                  Right to Extend.  Dealer may postpone any Potential Exercise
Date or any other date of valuation or delivery by Dealer, with respect to some
or all of the relevant Options (in which event the Calculation Agent shall make
appropriate adjustments to the Delivery Obligation), if Dealer determines, in
its reasonable discretion, that such extension is reasonably necessary to
enable Dealer to effect purchases of Shares in connection with its hedging or
settlement activity hereunder in a manner that would, if Dealer were
Counterparty or an affiliated purchaser of Counterparty, be in compliance with
applicable legal, regulatory or self-regulatory requirements, or with related
policies and procedures applicable to Dealer.

(b)                                 Additional Termination Events.  The occurrence of (i) an event of default
with respect to Counterparty under the terms of the Convertible Notes as set
forth in Section 6.01 of the Supplemental Indenture, (ii) an Amendment Event or
(iii) a Repayment Event shall be an Additional Termination Event with respect
to which the Transaction is the sole Affected Transaction and Counterparty is
the sole Affected Party, and Dealer shall be the party entitled to designate an
Early Termination Date pursuant to Section 6(b) of the Agreement; provided that in the case of a Repayment
Event the Transaction shall be subject to termination only in respect of the
number of Convertible Notes that cease to be outstanding in connection with or
as a result of such Repayment Event.

“Amendment
Event” means that Counterparty amends, modifies, supplements or
waives any term of the Indenture or the Convertible Notes governing the
principal amount, coupon, maturity, repurchase obligation of Counterparty,
redemption right of Counterparty, any term relating to conversion of the
Convertible Notes (including changes to the conversion price, conversion
settlement dates or conversion conditions), or any term that would require
consent of the holders of not less than 100% of the 

 

 10
 

principal amount
of the Convertible Notes to amend, in each case without the prior consent of
Dealer, such consent not to be unreasonably withheld.

“Repayment
Event” means that (A) any Convertible Notes are repurchased (whether
in connection with or as a result of a change of control, howsoever defined, or
for any other reason) by Counterparty or any of its subsidiaries, (B) any
Convertible Notes are delivered to Counterparty in exchange for delivery of any
property or assets of Counterparty or any of its subsidiaries (howsoever
described), (C) any principal of any of the Convertible Notes is repaid prior
to the final maturity date of the Convertible Notes (whether following
acceleration of the Convertible Notes or otherwise), or (D) any Convertible
Notes are exchanged by or for the benefit of the holders thereof for any other
securities of Counterparty or any of its affiliates (or any other property, or
any combination thereof) pursuant to any exchange offer or similar transaction;
provided that, in the case of clause (B)
and clause (D), conversions of the Convertible Notes pursuant to the terms of
the Indenture as in effect on the date hereof shall not be Repayment Events.

(c)                                  Alternative Calculations and Payment on Early
Termination and on Certain Extraordinary Events.  If, subject to Section 8(k) below, Dealer
shall owe Counterparty any amount pursuant to Sections 12.6, 12.7 or 12.9 of
the Equity Definitions or pursuant to Section 6(d)(ii) of the Agreement (except
in the event of an Event of Default in which Counterparty is the Defaulting
Party or a Termination Event in which Counterparty is the Affected Party, that
resulted from an event or events within Counterparty’s control) (a “Payment Obligation”), Counterparty shall
have the right, in its sole discretion, to require Dealer to satisfy any such
Payment Obligation by the Share Termination Alternative (as defined below) by
giving irrevocable telephonic notice to Dealer, confirmed in writing within one
Scheduled Trading Day, between the hours of 9:00 A.M. and 4:00 P.M. New York
City time on the Announcement Date or Early Termination Date, as applicable (“Notice of Share Termination”).  Upon such Notice of Share Termination, the
following provisions shall apply on the Scheduled Trading Day immediately
following the Announcement Date or Early Termination Date, as applicable:

Share Termination Alternative:                                                     Applicable
and means that Dealer shall deliver to Counterparty the Share Termination
Delivery Property on the date on which the Payment Obligation would otherwise
be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section
6(d)(ii) of the Agreement, as applicable (the “Share
Termination Payment Date”), in satisfaction of the Payment
Obligation.

Share Termination Delivery Property:                   A number of
Share Termination Delivery Units, as calculated by the Calculation Agent, equal
to the Payment Obligation divided by the Share Termination Unit Price.  The Calculation Agent shall adjust the Share
Termination Delivery Property by replacing any fractional portion of a security
therein with an amount of cash equal to the value of such fractional security
based on the values used to calculate the Share Termination Unit Price.

Share Termination Unit Price:                                                             The
value of property contained in one Share Termination Delivery Unit on the date
such Share Termination Delivery Units are to be delivered as Share Termination
Delivery Property, as determined by the Calculation Agent in its discretion by
commercially reasonable means and notified by the Calculation Agent to Dealer
at the time of notification of the Payment Obligation.

Share Termination Delivery Unit:                                          In
the case of a Termination Event, Event of Default or Delisting, one Share or,
in the case of an Insolvency or Nationalization, one Share or a unit consisting
of the number or amount of each type of property received by a holder of one
Share (without consideration of any requirement to pay cash or other
consideration in lieu of fractional amounts of any securities) in such
Insolvency or Nationalization.  If such
Insolvency or Nationalization

 

 11
 

involves a choice of consideration to be received by holders, such
holder shall be deemed to have elected to receive the maximum possible amount
of cash.

Failure to Deliver:                                                                                                                          Applicable

Other applicable provisions:                                                                  If
Share Termination Alternative is applicable, the provisions of Sections 9.8,
9.9, 9.10, 9.11 and 9.12 of the Equity Definitions will be applicable, except
that all references in such provisions to “Physical Settlement” shall be read
as references to “Share Termination Alternative” and all references to “Shares”
shall be read as references to “Share Termination Delivery Units”; and provided that the Representation and
Agreement contained in Section 9.11 of the Equity Definitions shall be modified
by excluding any representations therein relating to restrictions, obligations,
limitations or requirements under applicable securities laws as a result of the
fact that Buyer is the issuer of any Share Termination Delivery Units (or any
part thereof).

(d)                                 Disposition of Hedge Shares.  Counterparty
hereby agrees that if, in the good faith reasonable judgment of Dealer, the
Shares (the “Hedge
Shares”) acquired by Dealer for the
purpose of hedging its obligations pursuant to the Transaction cannot be sold
in the U.S. public market by Dealer without registration under the Securities
Act, Counterparty shall, at its election: 
(i) in order to allow Dealer to sell the Hedge Shares in a
registered offering, make available to Dealer an effective registration
statement under the Securities Act to cover the resale of such Hedge Shares and
(A) enter into an agreement, in form and substance satisfactory to Dealer,
substantially in the form of an underwriting agreement for a registered secondary
offering, (B) provide accountant’s “comfort” letters in customary form for
registered offerings of equity securities, (C) provide disclosure opinions of
nationally recognized outside counsel to Counterparty reasonably acceptable to
Dealer, (D) provide other customary opinions, certificates and closing
documents customary in form for registered offerings of equity securities and
(E) afford Dealer a reasonable opportunity to conduct a “due diligence”
investigation with respect to Counterparty customary in scope for underwritten
offerings of equity securities; provided,
however, that if Dealer, in its sole reasonable discretion, is not
satisfied with access to due diligence materials, the results of its due
diligence investigation, or the procedures and documentation for the registered
offering referred to above, then clause (ii) or clause (iii) of this Section
8(c) shall apply at the election of Counterparty; (ii) in order to allow Dealer
to sell the Hedge Shares in a private placement, enter into a private placement
agreement substantially similar to private placement purchase agreements
customary for private placements of equity securities, in form and substance
satisfactory to Dealer, including customary representations, covenants, blue
sky and other governmental filings and/or registrations, indemnities to Dealer,
due diligence rights (for Dealer or any designated buyer of the Hedge Shares
from Dealer), opinions and certificates and such other documentation as is
customary for private placements agreements, all reasonably acceptable to
Dealer (in which case, the Calculation Agent shall make any adjustments to the
terms of the Transaction that are necessary, in its reasonable judgment, to
compensate Dealer for any discount from the public market price of the Shares
incurred on the sale of Hedge Shares in a private placement); or (iii) purchase
the Hedge Shares from Dealer at the VWAP Price on such Exchange Business Days,
and in the amounts, requested by Dealer. 
“VWAP Price” means, on any Exchange
Business Day, the per Share volume-weighted average price as displayed under
the heading “Bloomberg VWAP” on Bloomberg page CPTS <Equity> VAP (or any
successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New
York City time) on such Exchange Business Day (or if such volume-weighted
average price is unavailable, the market value of one Share on such Exchange
Business Day, as determined by the Calculation Agent using a volume-weighted
method).

(e)                                  Amendment to
Equity Definitions and the Agreement.  The following amendment shall be made to the
Equity Definitions and to the Agreement: 
Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1)
deleting from the fourth line thereof the word “or” after the word “official”
and inserting a comma therefor, and (2) deleting the semi-colon at the end of
subsection (B) thereof and inserting the following words therefor “or (C) at
Dealer’s option, the occurrence of any of the events specified in Section
5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that
Issuer.”

 

 12
 

(f)                                    Repurchase Notices.  Counterparty shall, on any day on which
Counterparty effects any repurchase of Shares, promptly give Dealer a written
notice of such repurchase (a “Repurchase
Notice”) on such day if, following such repurchase, the Notice
Percentage as determined on such day (i) in the case of the first such
Repurchase Notice, is greater than 8.00% and (ii) in the case of any subsequent
Repurchase Notice, (A) is greater than 8.00% and (B) is greater by at least 0.5%
than the Notice Percentage included in the immediately preceding Repurchase
Notice.  The “Notice Percentage” as of any day is the fraction, expressed as
a percentage, the numerator of which is the Number of Shares and the
denominator of which is the number of Shares outstanding on such day.  In the event that Counterparty fails to
provide Dealer with a Repurchase Notice on the day and in the manner specified
in this Section 8(f) then Counterparty agrees to indemnify and hold harmless
Dealer, its affiliates and their respective directors, officers, employees,
agents and controlling persons (Dealer and each such person being an “Indemnified Party”) from and against any
and all losses, claims, damages and liabilities (or actions in respect
thereof), joint or several, to which such Indemnified Party may become subject
under applicable securities laws, including without limitation, Section 16 of
the Exchange Act, relating to or arising out of such failure.  If for any reason the foregoing
indemnification is unavailable to any Indemnified Party or insufficient to hold
harmless any Indemnified Party, then Counterparty shall contribute, to the
maximum extent permitted by law, to the amount paid or payable by the
Indemnified Party as a result of such loss, claim, damage or liability.  In addition, Counterparty will reimburse any
Indemnified Party for all expenses (including reasonable counsel fees and
expenses) as they are incurred (after notice to Counterparty) in connection with
the investigation of, preparation for or defense or settlement of any pending
or threatened claim or any action, suit or proceeding arising therefrom,
whether or not such Indemnified Party is a party thereto and whether or not
such claim, action, suit or proceeding is initiated or brought by or on behalf
of Counterparty.  This indemnity shall
survive the completion of the Transaction contemplated by this Confirmation and
any assignment and delegation of the Transaction made pursuant to this
Confirmation or the Agreement shall inure to the benefit of any permitted
assignee of Dealer.

(g)                                 Transfer and Assignment.  Dealer may transfer or assign its rights and
obligations hereunder and under the Agreement, in whole or in part, to any of
its affiliates with a senior unsecured debt rating  equal to or greater than A as specified by
Standard and Poor’s Rating Services or A2 as specified by Moody’s Investor
Service, Inc., at the time of such assignment or transfer, without the consent
of Counterparty.  In addition, Dealer may
transfer or assign its rights and obligations hereunder and under the
Agreement, in whole or in part, to any unaffiliated third-party financial
institution without the consent of Counterparty, so long as the senior unsecured debt rating of such third party (or
any guarantor of its obligations under the Transaction) is equal to or greater
than A as specified by Standard and Poor’s Rating Services or A2 as specified
by Moody’s Investor Service, Inc., at the time of such assignment or transfer.  In
connection with any transfer or assignment by Dealer of its rights and
obligations hereunder and under the Agreement, Dealer shall promptly provide
written notice to Counterparty of such transfer or assignment, as the case may
be, and the identity of the relevant transferee or assignee.  In connection
with any assignment or transfer pursuant to the second immediately preceding
sentence, the guarantee of any guarantor of the relevant transferee’s obligations
under the Transaction shall constitute a Credit Support Document under the
Agreement.  If at any time at which the
Equity Percentage exceeds 7.5%, Dealer, in its discretion, is unable to effect
a transfer or assignment to an unaffiliated third party after its commercially
reasonable efforts on pricing terms reasonably acceptable to Dealer such that
the Equity Percentage is reduced to 7.5% or less, Dealer may designate any
Scheduled Trading Day as an Early Termination Date with respect to a portion
(the “Terminated Portion”) of the
Transaction, such that the Equity Percentage following such partial termination
will be equal to or less than 7.5%.  In
the event that Dealer so designates an Early Termination Date with respect to a
portion of the Transaction, a payment or delivery shall be made pursuant to Section
6 of the Agreement as if (i) an Early Termination Date had been designated in
respect of a Transaction having terms identical to the Terminated Portion of
the Transaction, (ii) Counterparty shall be the sole Affected Party with
respect to such partial termination and (iii) such portion of the Transaction
shall be the only Terminated Transaction. 
The “Equity Percentage” as
of any day is the fraction, expressed as a percentage, (A) the numerator of
which is the Number of Shares and (B) the denominator of which is the number of
Shares outstanding on such day. 
Counterparty may transfer or assign its rights and obligations hereunder
and under the Agreement, in whole or in part, to any party with the consent of
Dealer, such consent not to be unreasonably withheld.

(h)                                 Staggered
Settlement.  If the Staggered
Settlement Equity Percentage as of any Exchange Business Day during the
relevant “Cash Settlement Averaging Period”, as defined in the Supplemental
Indenture, is greater than 4.5%, Dealer may, by
notice to Counterparty prior to any Settlement Date (a “Nominal Settlement

 

 13
 

Date”), elect to deliver any Shares due hereunder on two
or more dates (each, a “Staggered
Settlement Date”) or at two or more
times on the Nominal Settlement Date as follows:

(i)                                     in such notice, Dealer will specify to Counterparty
the related Staggered Settlement Dates (each of which will be on or prior to
such Nominal Settlement Date, but not prior to the beginning of such “Conversion Reference Period”) or delivery
times and how it will allocate the Shares it is required to deliver under “Delivery
Obligation” (above) among the Staggered Settlement Dates or delivery times;

(ii)                                  the aggregate number of Shares that Dealer will
deliver to Counterparty hereunder on all such Staggered Settlement Dates and
delivery times will equal the number of Shares that Dealer would otherwise be
required to deliver on such Nominal Settlement Date; and

(iii)                               if
Counterparty declares a dividend or other distribution with respect to Shares
with an ex dividend date falling on or after a Nominal Settlement Date and
prior to a Staggered Settlement Date, then in addition to any Shares it
delivers on such a Staggered Settlement Date, Dealer shall deliver to
Counterparty the amount of such dividend or other distribution in respect of
such Shares on the business day next following its receipt of such dividend or
distribution.

The “Staggered
Settlement Equity Percentage” as of any day is the fraction,
expressed as a percentage, (A) the numerator of which is the sum of (x) the
number of Shares that Dealer or any of its affiliates beneficially own (within
the meaning of Section 13 of the Exchange Act) on such day, other than any
Shares so owned as a hedge of the Transaction, and (y) the Number of Shares and
(B) the denominator of which is the number of Shares outstanding on such day.

(i)                                     Disclosure.  Effective from the date of commencement of
discussions concerning the Transaction, Counterparty and each of its employees,
representatives, or other agents may disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of the Transaction
and all materials of any kind (including opinions or other tax analyses) that
are provided to Counterparty relating to such tax treatment and tax structure.

(j)                                     Designation by Dealer.  Notwithstanding any other provision in this
Confirmation to the contrary requiring or allowing Dealer to purchase, sell,
receive or deliver any Shares or other securities to or from Counterparty,
Dealer may designate any of its affiliates to purchase, sell, receive or
deliver such shares or other securities and otherwise to perform Dealer
obligations in respect of the Transaction and any such designee may assume such
obligations.  Dealer shall be discharged
of its obligations to Counterparty to the extent of any such performance.

(k)                                  Netting and Set-off.  Each party waives any and all rights it may
have to set off, whether arising under any agreement, applicable law or
otherwise.  The provisions of Section
2(c) of the Agreement shall not be applicable to the Transaction.

(l)                                     Equity Rights.  Dealer acknowledges and agrees that this
Confirmation is not intended to convey to it rights with respect to the
Transaction that are senior to the claims of common stockholders in the event
of Counterparty’s bankruptcy.  For the
avoidance of doubt, the parties agree that the preceding sentence shall not
apply at any time other than during Counterparty’s bankruptcy to any claim
arising as a result of a breach by Counterparty of any of its obligations under
this Confirmation or the Agreement.

(m)                               Early Unwind.  In the event the sale by Counterparty of the
Convertible Notes is not consummated with UBS Securities LLC pursuant to the
Underwriting Agreement for any reason by the close of business in New York on
February 12, 2007 (or such later date as agreed upon by the parties) (February
12, 2007 or such later date being the “Early
Unwind Date”), the Transaction shall automatically terminate (the “Early Unwind”), on the Early Unwind Date
and (i) the Transaction and all of the respective rights and obligations of
Dealer and Counterparty thereunder shall be cancelled and terminated and (ii)
Counterparty shall pay to Dealer,  other
than in cases involving a breach of the Underwriting Agreement by UBS Securities
LLC, an amount in cash equal to the aggregate amount of costs and expenses  relating to the unwinding of Dealer’s hedging
activities in

 

 14
 

respect of the
Transaction (including market losses incurred in reselling any Shares purchased
by Dealer or its affiliates in connection with such hedging activities).  Following such termination, cancellation and
payment, each party shall be released and discharged by the other party from
and agrees not to make any claim against the other party with respect to any
obligations or liabilities of either party arising out of and to be performed
in connection with the Transaction either prior to or after the Early Unwind
Date.  Dealer and Counterparty represent
and acknowledge to the other that upon an Early Unwind and following the
payment referred to above, all obligations with respect to the Transaction
shall be deemed fully and finally discharged.

(n)                                 Waiver of Trial by Jury.  EACH OF
COUNTERPARTY AND DEALER HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND, TO
THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED
ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE TRANSACTION
OR THE ACTIONS OF DEALER OR ITS AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR
ENFORCEMENT HEREOF.

(o)                                 Governing Law.  THIS
CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED
STATES COURT FOR THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL
MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND
ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS.

(p)                                 Role of
Agent. Each party agrees and acknowledges that Agent is acting as
agent for both parties but does not guarantee the performance of either party
and neither Dealer nor Counterparty shall contact the other with respect to any
matter relating to the Transaction without the direct involvement of Agent;
(ii) Agent is not a member of the Securities Investor Protection Corporation;
(iii) Agent, Dealer and Counterparty each hereby acknowledges that any
transactions by Dealer or Agent in the Shares will be undertaken by Dealer or
Agent, as the case may, as principal for its own account; (iv) all of the
actions to be taken by Dealer and Agent in connection with the Transaction,
including, but not limited to, any exercise of any rights with respect to the
Options, shall be taken by Dealer or Agent independently and without any
advance or subsequent consultation with Counterparty; and (v) Agent is hereby
authorized to act as agent for Counterparty only to the extent required to
satisfy the requirements of Rule 15a-6 under the Exchange Act in respect of the
Options described hereunder.

 

 15
 

Counterparty
hereby agrees (a) to check this Confirmation carefully and immediately
upon receipt so that errors or discrepancies can be promptly identified and
rectified and (b) to confirm that the foregoing (in the exact form
provided by Dealer) correctly sets forth the terms of the agreement between
Dealer and Counterparty with respect to the Transaction, by manually signing
this Confirmation or this page hereof as evidence of agreement to such terms
and providing the other information requested herein and immediately returning
an executed copy to Equity Risk Management (Corporates), Facsimile No. (212)
821-4610.

Yours faithfully,

	
  

  	
  UBS AG, LONDON BRANCH

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dmitriy Mandel

  
	
   

  	
   

  	
  Name: Dmitriy
  Mandel

  
	
   

  	
   

  	
  Title: Executive
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Stowell

  
	
   

  	
   

  	
  Name: Paul
  Stowell

  
	
   

  	
   

  	
  Title: Associate
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  UBS SECURITIES LLC, as agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dmitriy Mandel

  
	
   

  	
   

  	
  Name: Dmitriy Mandel

  
	
   

  	
   

  	
  Title: Executive
  Director Equity Risk Management

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Stowell

  
	
   

  	
   

  	
  Name: Paul
  Stowell

  
	
   

  	
   

  	
  Title: Associate
  Director Equity Risk Management

  

 

Agreed and
Accepted By:

CONCEPTUS, INC.

	
  By:

  	
  /s/ Gregory E. Lichtwardt

  	
   

  
	
   

  	
  Name: Gregory E.
  Lichtwardt

  
	
   

  	
  Title: Executive
  Vice President, CFO

  

 

 

 16Exhibit 10.2

February 6, 2007

To:                                                                              Conceptus,
Inc.

331 East Evelyn Avenue

Mountain View, California  94041

Attn:  Chief Financial Officer

Telephone:  (650) 962-4000

Facsimile:  (650) 962-5200

From:                                                                  Societe
Generale

Tour Societe Generale

17 Cours Valmy

92987 Paris
La-Defense cedex

France

Attn: Candice
Berguin

          Documentation Department

Telephone:  + 33 1 58 98 05 16

Facsimile:   +33 1 46 92 46 70

Re:                                                                             Convertible
Bond Hedge Transaction

(Societe Generale Reference Number: 186829494)

Ladies and Gentlemen:

The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of
the above-referenced transaction entered into on the Trade Date specified below
(the “Transaction”) between Societe General (“Dealer”) represented by SG Americas Securities, LLC (“Agent”) as its agent, and Conceptus, Inc. (“Counterparty”).  This
communication constitutes a “Confirmation” as referred to in the ISDA Master
Agreement specified below.

1.             This Confirmation is subject to,
and incorporates, the definitions and provisions of the 2000 ISDA Definitions
(including the Annex thereto) (the “2000 Definitions”)
and the definitions and provisions of the 2002 ISDA Equity Derivatives
Definitions (the “Equity Definitions”,
and together with the 2000 Definitions, the “Definitions”),
in each case as published by the International Swaps and Derivatives
Association, Inc. (“ISDA”).  In the event of any inconsistency between the
2000 Definitions and the Equity Definitions, the Equity Definitions will
govern.  Certain defined terms used
herein have the meanings assigned to them in the indenture to be dated as of
February 12, 2007 (the “Base Indenture”)
between Counterparty and Wells Fargo Bank, N.A., as trustee (the “Trustee”), as supplemented by a first supplemental indenture
thereto to be dated as of February 12, 2007 (the “Supplemental
Indenture” and, together with the Base Indenture, the “Indenture”),
relating to the Counterparty’s USD 75,000,000 principal amount of 2.25%
Convertible Senior Notes due 2027 (the “Convertible Notes”).  In the event of any inconsistency between the
terms defined in the Indenture and this Confirmation, this Confirmation shall
govern.  If any relevant sections of the
Indenture referred to herein are changed, added or renumbered following execution
of this Confirmation, the parties will amend this Confirmation in good faith to
preserve the economic intent of the parties.

Each party is hereby advised, and each such party
acknowledges, that the other party has engaged in, or refrained from engaging
in, substantial financial transactions and has taken other material actions in
reliance upon the parties’ entry into the Transaction to which this
Confirmation relates on the terms and conditions set forth below.

This Confirmation evidences a complete and binding
agreement between Dealer and Counterparty as to the terms of the Transaction to
which this Confirmation relates.  This
Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the
“ISDA Form”) as if Dealer and
Counterparty had executed an agreement in such form (without any Schedule but
with the elections set forth in this Confirmation).  For the avoidance of doubt, the Transaction
shall be the only transaction under the Agreement.

All provisions contained in, or incorporated by
reference to, the Agreement will govern this Confirmation except as expressly
modified herein.  In the event of any
inconsistency between this Confirmation and either the Definitions or the
Agreement, this Confirmation shall govern.

2.             The Transaction constitutes a Share
Option Transaction for purposes of the Equity Definitions.  The terms of the particular Transaction to
which this Confirmation relates are as follows:

General Terms:

	
  Trade
  Date:

  	
   

  	
  February 6, 2007

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  February 12, 2007, subject to Section 8(m)

  
	
   

  	
   

  	
   

  
	
  Option Style:

  	
   

  	
  Modified American, as described under “Procedures
  for Exercise” below.

  
	
   

  	
   

  	
   

  
	
  Option Type:

  	
   

  	
  Call

  
	
   

  	
   

  	
   

  
	
  Seller:

  	
   

  	
  Dealer

  
	
   

  	
   

  	
   

  
	
  Buyer:

  	
   

  	
  Counterparty

  
	
   

  	
   

  	
   

  
	
  Shares:

  	
   

  	
  The Common Stock of Counterparty, par value
  USD 0.003 per share (Ticker Symbol: “CPTS”).

  
	
   

  	
   

  	
   

  
	
  Number of Options:

  	
   

  	
  The number of Convertible Notes in denominations of
  USD1,000 principal amount issued by Counterparty on the closing date for the
  initial issuance of the Convertible Notes. For the avoidance of doubt, the
  Number of Options outstanding shall be reduced by each exercise of Options
  hereunder.

  
	
   

  	
   

  	
   

  
	
  Option Entitlement:

  	
   

  	
  As of any date, a number of Shares per Option equal
  to the Conversion Rate (as defined in the Indenture, but without regard to
  any election by Counterparty to adjust the Conversion Rate and the conversion
  obligation pursuant to Section 10.05(f) or Section 10.08 of the Supplemental
  Indenture).

  
	
   

  	
   

  	
   

  
	
  Strike Price:

  	
   

  	
  As of any date, an amount in USD, rounded to the
  nearest cent (with 0.5 cents being rounded upwards), equal to USD1,000 divided by the Option Entitlement.

  
	
   

  	
   

  	
   

  
	
  Applicable Percentage:

  	
   

  	
  13.3333%

  
	
   

  	
   

  	
   

  
	
  Number of Shares:

  	
   

  	
  The product of the Number of Options and the Option
  Entitlement and the Applicable Percentage.

  
	
   

  	
   

  	
   

  
	
  Premium:

  	
   

  	
  USD2,246,000 (Premium per Option USD224.60)

  
	
   

  	
   

  	
   

  
	
  Premium Payment Date:

  	
   

  	
  The Effective Date

  
	
   

  	
   

  	
   

  
	
  Exchange:

  	
   

  	
  NASDAQ Global Market

  
	
   

  	
   

  	
   

  
	
  Related Exchange:

  	
   

  	
  All Exchanges

  

 

 2
 

 

	
  Procedures for Exercise:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Potential Exercise Dates:

  	
   

  	
  Each Conversion Date.

  
	
   

  	
   

  	
   

  
	
  Conversion Date:

  	
   

  	
  Each “Conversion Date”, as defined in the
  Supplemental Indenture, of Convertible Notes (such Convertible Notes
  surrendered for conversion, the “Relevant
  Convertible Notes” for such Conversion Date) occurring on or prior
  to the Expiration Date.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  If the principal amount of Relevant Convertible
  Notes for any Conversion Date is less than the aggregate principal amount of
  Convertible Notes then outstanding, then the terms of the Transaction shall
  continue to apply, subject to the provisions of this Confirmation, with
  respect to the remaining outstanding principal amount of the Convertible
  Notes.

  
	
   

  	
   

  	
   

  
	
  Required Exercise on

  	
   

  	
   

  
	
  Conversion Dates:

  	
   

  	
  On each Conversion Date for Relevant Convertible
  Notes, a number of Options equal to the number of Relevant Convertible Notes
  in denominations of USD1,000 principal amount submitted for conversion on
  such Conversion Date in accordance with the terms of the Indenture shall be
  automatically exercised, subject to “Notice of Exercise” below.

  
	
   

  	
   

  	
   

  
	
  Exercise Period:

  	
   

  	
  The period from and excluding the Trade Date to and
  including the Expiration Date.

  
	
   

  	
   

  	
   

  
	
  Expiration Date:

  	
   

  	
  The earlier of (x) last day on which any Convertible
  Notes remain outstanding and (y) February 15, 2012.

  
	
   

  	
   

  	
   

  
	
  Multiple Exercise:

  	
   

  	
  Applicable, as provided above under “Required
  Exercise on Conversion Dates”.

  
	
   

  	
   

  	
   

  
	
  Minimum Number of Options:

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  Maximum Number of Options:

  	
   

  	
  Number of Options

  
	
   

  	
   

  	
   

  
	
  Integral Multiple:

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
   

  
	
  Automatic Exercise:

  	
   

  	
  As provided above under “Required Exercise on
  Conversion Dates”.

  
	
   

  	
   

  	
   

  
	
  Notice of Exercise:

  	
   

  	
  Notwithstanding anything to the contrary in the
  Equity Definitions, in order to exercise any Options, Counterparty or the
  Trustee must notify Dealer in writing prior to 5:00 PM, New York City time,
  on the Exchange Business Day prior to the first Trading Day (as such term is
  defined in the Indenture) of the “Cash Settlement Averaging Period”, as
  defined in the Indenture, relating to the Relevant Convertible Notes
  converted on the Conversion Date relating to the relevant Exercise Date (the
  “Notice Deadline”) of (i) the number
  of Options being exercised on such Exercise Date, (ii) the scheduled
  settlement date under the Indenture for the Relevant

  

 

 3
 

 

	
  

  	
   

  	
  Convertible Notes converted on the Conversion Date
  corresponding to such Exercise Date, (iii) the number, if any, of such
  Options that correspond to a conversion of Convertible Notes in connection
  with a Make-Whole Fundamental Change (as such term is defined in the
  Indenture) pursuant to Section 10.01(A)(v)(a) of the Indenture and (iv) the
  number of additional Shares to be delivered as Make-Whole Consideration (as
  such term is defined in Section 10.14 of the Indenture), if any, per
  Convertible Note deliverable with respect to any such Convertible Notes
  pursuant to Section 10.14 of the Indenture; provided
  that, notwithstanding the foregoing, such notice (and the related exercise of
  Options) shall be effective if given after the Notice Deadline, but prior to
  5:00 PM New York City time, on the fifth Exchange Business Day of such “Cash
  Settlement Averaging Period”, in which event the Calculation Agent shall have
  the right to adjust the Delivery Obligation as appropriate to reflect the
  additional costs (including, but not limited to, hedging mismatches and
  market losses) and expenses incurred by Dealer in connection with its hedging
  activities (including the unwinding of any hedge position) as a result of
  Dealer not having received such notice prior to the Notice Deadline.

  
	
   

  	
   

  	
   

  
	
  Dealer’s Telephone Number

  	
   

  	
   

  
	
  and Telex and/or Facsimile Number

  	
   

  	
   

  
	
  and Contact Details for purpose of

  	
   

  	
   

  
	
  Giving Notice:

  	
   

  	
  To:  Societe
  Generale

  
	
   

  	
   

  	
  Tour Societe Generale 

  
	
   

  	
   

  	
  17 Cours Valmy

  
	
   

  	
   

  	
  92987 Paris La-Defense cedex

  
	
   

  	
   

  	
  France

  
	
   

  	
   

  	
  Attn:

  	
  Candice Berguin

  
	
   

  	
   

  	
   

  	
  Documentation Department

  
	
   

  	
   

  	
  Telephone:  +
  33 1 58 98 05 16

  
	
   

  	
   

  	
  Facsimile:   +
  33 1 46 92 46 70

  
	
   

  	
   

  	
   

  
	
  Settlement Terms:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Settlement Date:

  	
   

  	
  In respect of an Exercise Date occurring on a
  Conversion Date, the settlement date for the Shares to be delivered in
  respect of the Relevant Convertible Notes under the terms of the Indenture; provided that the Settlement Date will not be prior to the
  later of (i) the date one Settlement Cycle following the final day of the
  “Cash Settlement Averaging Period”, as defined in the Indenture, or (ii) the
  Exchange Business Day immediately following the date on which Counterparty
  gives notice to Dealer of such Settlement Date prior to 5:00 PM, New York
  City time.

  
	
   

  	
   

  	
   

  
	
  Delivery Obligation:

  	
   

  	
  In lieu of the obligations set forth in Sections 8.1
  and 9.1 of the Equity Definitions, and subject to “Notice of Exercise” above,
  in respect of an Exercise Date occurring on a Conversion Date, Dealer will
  deliver to Counterparty, on the related Settlement Date, the product (x) of
  the Applicable Percentage and (y) a number of Shares equal to the aggregate
  number of Shares and cash in lieu of fractional Shares that Counterparty is
  obligated to deliver to the holder(s) of the

  

 

 4
 

 

	
  

  	
   

  	
  Relevant Convertible Notes converted on such
  Conversion Date pursuant to Section 10.02(A)(ii) of the Supplemental
  Indenture (the “Convertible Obligation”);
  provided that, if the Relevant
  Convertible Notes are being converted in connection with any Make-Whole
  Fundamental Change (as defined in the Indenture), (a) the Calculation Agent
  shall determine an amount that would be payable by Dealer to Counterparty
  pursuant to Section 6(e)(ii)(1) of the Agreement (for purposes of such
  determination, the Calculation Agent shall not be taking into account the
  amount deliverable to the holder(s) of the Relevant Convertible Notes
  pursuant to Section 10.14 of the Indenture) if (x) the Number of Options were
  equal to the product of the Applicable Percentage and the number of the
  Relevant Convertible Notes and (y) the Make-Whole Fundamental Change were an
  Additional Termination Event occurring on the effective date for the
  Make-Whole Fundamental Change with Counterparty as the sole Affected Party
  (the “Fair Value Amount”), and (b) to the
  extent that a number of additional Shares that Counterparty is obligated to
  deliver to holder(s) of the Relevant Convertible Notes as Make-Whole
  Consideration as a result of any adjustments to the Conversion Rate pursuant
  to Section 10.14 of the Indenture in respect of such Make-Whole Fundamental
  Change exceeds the number of Shares equal to the Fair Value Amount (such
  number of Shares to be determined by the Calculation Agent based on the daily
  VWAP of the Shares on the effective date of the Make-Whole Fundamental
  Change), then the “Delivery Obligation” shall be determined excluding any
  such excess Shares. To the extent that Shares are exchanged for, converted
  into, acquired for or constitute solely the right to receive cash as a result
  of such Make-Whole Fundamental Change, the Delivery Obligation may be settled
  with cash in lieu of Shares, as reasonably determined by the Calculation
  Agent.

  
	
   

  	
   

  	
   

  
	
  Notice of Delivery Obligation:

  	
   

  	
  No later than the Exchange Business Day immediately
  following the last day of the “Cash Settlement Averaging Period”, as defined
  in the Indenture, Counterparty shall give Dealer notice of the final number
  of Shares comprising the Convertible Obligation (it being understood, for the
  avoidance of doubt, that the requirement of Counterparty to deliver such
  notice shall not limit Counterparty’s obligations with respect to Notice of
  Exercise, as set forth above, in any way).

  
	
   

  	
   

  	
   

  
	
  Other Applicable Provisions:

  	
   

  	
  To the extent Dealer is obligated to deliver Shares
  hereunder, the provisions of Sections 9.1(c), 9.8, 9.9, 9.10, 9.11 and 9.12
  of the Equity Definitions will be applicable, except that all references in
  such provisions to “Physically-Settled” shall be read as references to “Net
  Share Settled”; and provided
  that the Representation and Agreement contained in Section 9.11 of the Equity
  Definitions shall be modified by excluding any representations therein relating
  to restrictions, obligations, limitations or requirements under applicable
  securities laws as a result of the fact that “Buyer” is the issuer of the
  Shares.

  

 

 5
 

Restricted Certificated Shares:                                                                                Notwithstanding
anything to the contrary in the Equity Definitions, Dealer may, in whole or in
part, deliver Shares in certificated form representing the Number of Shares to
be Delivered to Counterparty in lieu of delivery through the Clearance System.

Adjustments:

Method of Adjustment:                                                                                                                  Notwithstanding
Section 11.2 of the Equity Definitions, upon the occurrence of any event or
condition set forth in Section 10.05(a), Section 10.05(b), Section 10.05(c) or
Section 10.05(d) of the Supplemental Indenture, the Calculation Agent shall
make the corresponding adjustment in respect of any one or more of the Number
of Options, the Option Entitlement and any other variable relevant to the
exercise, settlement or payment of the Transaction, to the extent an analogous
adjustment is made under the Indenture.

Extraordinary Events:

Merger Events:                                                                                                                                                              Notwithstanding
Section 12.1(b) of the Equity Definitions, a “Merger Event” means the
occurrence of any event or condition set forth in clause (i), clause (ii) or
clause (iii) of the first paragraph Section 10.11 of the Supplemental Indenture.

Tender Offer:                                                                                                                                                                         Applicable.
Notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer”
means the occurrence of any event or condition set forth in Section 10.05(e) of
the Supplemental Indenture.

Consequences of
Merger Events and

Tender Offers:                                                                                                                                                                   Notwithstanding
Sections 12.2 and 12.3 of the Equity Definitions, upon the occurrence of a
Merger Event or Tender Offer, the Calculation Agent shall make the
corresponding adjustment in respect of any adjustment under the Indenture to
any one or more of the nature of the Shares, the Number of Options, the Option
Entitlement and any other variable relevant to the exercise, settlement or
payment for the Transaction, to the extent an analogous adjustment is made
under the Indenture.

Nationalization,
Insolvency

or Delisting:                                                                                                                                                                               Cancellation
and Payment (Calculation Agent Determination); provided
that in addition to the provisions of Section 12.6(a)(iii) of the Equity
Definitions, it will also constitute a Delisting if the Exchange is located in
the United States and the Shares are not immediately re-listed, re-traded or
re-quoted on any of the New York Stock Exchange, the American Stock Exchange or
the NASDAQ Global Market (or their respective successors); if the Shares are
immediately re-listed, re-traded or re-quoted on any such exchange or quotation
system, such exchange or quotation system shall thereafter be deemed to be the
Exchange.

 6
 

 

	
  Additional Disruption Events:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (a)   Change in Law:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (b)   Failure to Deliver:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (c)   Insolvency Filing:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (d)   Hedging Disruption:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  (e)   Increased Cost of Hedging:

  	
   

  	
  Not Applicable

  
	
   

  	
   

  	
   

  
	
  Hedging Party:

  	
   

  	
  For all applicable Additional Disruption Events,
  Dealer

  
	
   

  	
   

  	
   

  
	
  Determining
  Party:

  	
   

  	
  For all applicable Additional Disruption Events,
  Dealer

  
	
   

  	
   

  	
   

  
	
  Non-Reliance:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Agreements and
  Acknowledgments

  	
   

  	
   

  
	
  Regarding
  Hedging Activities:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  Additional
  Acknowledgments:

  	
   

  	
  Applicable

  
	
   

  	
   

  	
   

  
	
  3.             Calculation
  Agent:

  	
   

  	
  Dealer

  
	
   

  	
   

  	
   

  
	
  4.             Account
  Details:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dealer Payment
  Instructions:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Societe Generale, New
  York

  
	
  SOGEUS33

  
	
  CHIPS 022251

  
	
  Favour: SG, Paris

  
	
  SOGEFRPPHCM

  
	
  A/C # 0018701

  
	
   

  
	
  Counterparty Payment
  Instructions:

  
	
   

  
	
  To be provided by
  Counterparty.

  
	
   

  
	
  5.             Offices:

  
	
   

  
	
  The Office of Dealer
  for the Transaction is:

  
	
   

  
	
  Societe Generale

  Tour Societe Generale

  17 Cours Valmy

  92987 Paris La -Defense cedex

  France

  Telephone:  +33 1 58 98 05 16

  Facsimile:   +33 1 46 92 46 70

  
	
   

  
	
  The Office of
  Counterparty for the Transaction is: 
  N/A

  
	
   

  
	
  For the purpose of
  Section 10(c) of the Agreement, neither party is a Multibranch Party.

  

 

 7
 

6.             Notices: 
For purposes of this Confirmation:

(a)           Address
for notices or communications to Counterparty:

	
  To:

  	
   

  	
  Conceptus, Inc.

  
	
   

  	
   

  	
  331 East Evelyn Avenue

  
	
   

  	
   

  	
  Mountain View, California 94041

  
	
  Attn:

  	
   

  	
  Chief Financial Officer

  
	
  Telephone:

  	
   

  	
  (650) 962-4000

  
	
  Facsimile:

  	
   

  	
  (650) 962-5200

  

 

(b)           Address
for notices or communications to Dealer:

	
  To:

  	
   

  	
  Societe Generale

  
	
   

  	
   

  	
  Tour Societe
  Generale

  
	
   

  	
   

  	
  17 Cours Valmy

  
	
   

  	
   

  	
  92987 Paris
  La-Defense cedex

  
	
   

  	
   

  	
  France

  
	
  Attn:

  	
   

  	
  Candice Berguin

  
	
   

  	
   

  	
  Documentation Department

  
	
  Telephone:

  	
   

  	
  + 33 1 58 98 05 16

  
	
  Facsimile:

  	
   

  	
  + 33 1 46 92 46 70

  

 

With a copy to:

	
  To:

  	
   

  	
  SG Americas Securities, LLC

  
	
   

  	
   

  	
  1221 Avenue of
  the Americas, 6th Floor

  
	
   

  	
   

  	
  New York, NY
  10020

  
	
  Attn:

  	
   

  	
  Mike Collins , Managing Director

  
	
  Telephone:

  	
   

  	
  (212) 278-5105

  
	
  Facsimile:

  	
   

  	
  (212) 278-5891

  
	
  e-mail:

  	
   

  	
  mike.collins@sgcib.com

  

 

and:

	
  To:

  	
   

  	
  Societe Generale

  
	
   

  	
   

  	
  Corporate and
  Investment Banking

  
	
   

  	
   

  	
  1221 Avenue of
  the Americas, 8th Floor

  
	
   

  	
   

  	
  New York, NY
  10020

  
	
  Attn:

  	
   

  	
  Victor Lee, Vice President and Counsel

  
	
  Telephone:

  	
   

  	
  (212) 278-6207

  
	
  Facsimile:

  	
   

  	
  (212) 278-5891

  
	
  e-mail:

  	
   

  	
  victor.lee@sgcib.com

  

 

7.             Representations, Warranties and
Agreements:

(a)           In
addition to the representations and warranties in the Agreement and those
contained elsewhere herein, Counterparty represents and warrants to and for the
benefit of, and agrees with, Dealer as follows:

(i)            On the Trade Date, (A) Counterparty
is not aware of any material nonpublic information regarding Counterparty or
the Shares and (B) all reports and other documents filed by Counterparty with
the Securities and Exchange Commission pursuant to the Securities Act of 1933,
as amended (the “Securities Act”)
and Securities Exchange Act of 1934, as amended (the “Exchange Act”) when considered as a whole
(with the more recent such reports and documents deemed to amend inconsistent
statements contained in any earlier such reports and documents), do not contain
any untrue statement of a

 8
 

material fact
or any omission of a material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances in which they
were made, not misleading.

(ii)           On the Trade Date, neither
Counterparty nor any “affiliate” or “affiliated purchaser” (each as defined in
Rule 10b-18 of the Exchange Act (“Rule 10b-18”))
shall directly or indirectly (including, without limitation, by means of any
cash-settled or other derivative instrument) purchase, offer to purchase, place
any bid or limit order that would effect a purchase of, or commence any tender
offer relating to, any Shares (or an equivalent interest, including a unit of
beneficial interest in a trust or limited partnership or a depository share) or
any security convertible into or exchangeable or exercisable for Shares, except
through Dealer.

(iii)          Without limiting the generality of
Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer
is not making any representations or warranties with respect to the treatment
of the Transaction under FASB Statements 149 or 150, EITF Issue No. 00-19 (or
any successor issue statements) or under FASB’s Liabilities & Equity
Project.

(iv)          Without limiting the generality of
Section 3(a)(iii) of the Agreement, the Transaction will not violate Rule 13e-1
or Rule 13e-4 under the Exchange Act.

(v)           Prior to the Trade Date, Counterparty
shall deliver to Dealer a resolution of Counterparty’s board of directors
authorizing the Transaction and such other certificate or certificates as
Dealer shall reasonably request.

(vi)          Counterparty is not entering into this
Confirmation to create actual or apparent trading activity in the Shares (or
any security convertible into or exchangeable for Shares) or to raise or
depress or otherwise manipulate the price of the Shares (or any security
convertible into or exchangeable for Shares) or otherwise in violation of the
Exchange Act.

(vii)         Counterparty is not, and after giving
effect to the transactions contemplated hereby will not be, an “investment
company” as such term is defined in the Investment Company Act of 1940, as amended.

(viii)        On the Trade Date (A) the assets of
Counterparty at their fair valuation exceed the liabilities of Counterparty,
including contingent liabilities, (B) the capital of Counterparty is adequate
to conduct the business of Counterparty and (C) Counterparty has the ability to
pay its debts and obligations as such debts mature and does not intend to, or
does not believe that it will, incur debt beyond its ability to pay as such
debts mature.

(ix)           The representations and warranties of
Counterparty set forth in Section 3 of the Agreement and Section 3 of the
Underwriting Agreement are true and correct and are hereby deemed to be
repeated to Dealer as if set forth herein.

(x)            Counterparty understands that no
obligations of Dealer to it hereunder will be entitled to the benefit of
deposit insurance and that such obligations will not be guaranteed by any
affiliate of Dealer or any governmental agency.

(b)           Each
of Dealer and Counterparty agrees and represents that it is an “eligible
contract participant” as defined in Section 1a(12) of the U.S. Commodity
Exchange Act, as amended.

(c)           Each
of Dealer and Counterparty acknowledges that the offer and sale of the
Transaction to it is intended to be exempt from registration under the
Securities Act by virtue of Section 4(2) thereof.  Accordingly, Counterparty represents and
warrants to Dealer that (i) it has the financial ability to bear the economic
risk of its investment in the Transaction and is able to bear a total loss of
its investment and its investments in and liabilities in respect of the
Transaction, which it understands are not readily marketable, are not
disproportionate to its net worth, and it is able to bear any loss in
connection with the Transaction, including the loss of its entire

 9
 

investment in the Transaction, (ii) it is an “accredited investor” as
that term is defined in Regulation D as promulgated under the Securities Act,
(iii) it is entering into the Transaction for its own account and without a
view to the distribution or resale thereof, (iv) the assignment, transfer or
other disposition of the Transaction has not been and will not be registered
under the Securities Act and is restricted under this Confirmation, the
Securities Act and state securities laws, and (v) its financial condition is such
that it has no need for liquidity with respect to its investment in the
Transaction and no need to dispose of any portion thereof to satisfy any
existing or contemplated undertaking or indebtedness and is capable of
assessing the merits of and understanding (on its own behalf or through
independent professional advice), and understands and accepts, the terms,
conditions and risks of the Transaction.

(d)           Each
of Dealer and Counterparty agrees and acknowledges (A) that this Confirmation
is (i) a “securities contract,” as such term is defined in Section 741(7) of
Title 11 of the United States Code (the “Bankruptcy
Code”), with respect to which each payment and delivery hereunder is
a “settlement payment,” as such term is defined in Section 741(8) of the Bankruptcy
Code, and (ii) a “swap agreement,” as such term is defined in Section 101(53B)
of the Bankruptcy Code, with respect to which each payment and delivery
hereunder is a “transfer,” as such term is defined in Section 101(54) of the
Bankruptcy Code, and (B) that Dealer is entitled to the protections afforded
by, among other sections, Section 362(b)(6), 362(b)(17), 546(e), 546(g), 555
and 560 of the Bankruptcy Code.

8.             Other Provisions:

(a)           Right to Extend.  Dealer may postpone any Potential Exercise
Date or any other date of valuation or delivery by Dealer, with respect to some
or all of the relevant Options (in which event the Calculation Agent shall make
appropriate adjustments to the Delivery Obligation), if Dealer determines, in
its reasonable discretion, that such extension is reasonably necessary to
enable Dealer to effect purchases of Shares in connection with its hedging or
settlement activity hereunder in a manner that would, if Dealer were
Counterparty or an affiliated purchaser of Counterparty, be in compliance with
applicable legal, regulatory or self-regulatory requirements, or with related
policies and procedures applicable to Dealer.

(b)           Additional Termination Events.  The occurrence of (i) an event of default
with respect to Counterparty under the terms of the Convertible Notes as set
forth in Section 6.01 of the Supplemental Indenture, (ii) an Amendment Event or
(iii) a Repayment Event shall be an Additional Termination Event with respect
to which the Transaction is the sole Affected Transaction and Counterparty is
the sole Affected Party, and Dealer shall be the party entitled to designate an
Early Termination Date pursuant to Section 6(b) of the Agreement; provided that in the case of a Repayment
Event the Transaction shall be subject to termination only in respect of the
number of Convertible Notes that cease to be outstanding in connection with or
as a result of such Repayment Event.

“Amendment
Event” means that Counterparty amends, modifies, supplements or
waives any term of the Indenture or the Convertible Notes governing the
principal amount, coupon, maturity, repurchase obligation of Counterparty,
redemption right of Counterparty, any term relating to conversion of the
Convertible Notes (including changes to the conversion price, conversion
settlement dates or conversion conditions), or any term that would require
consent of the holders of not less than 100% of the principal amount of the
Convertible Notes to amend, in each case without the prior consent of Dealer,
such consent not to be unreasonably withheld.

“Repayment
Event” means that (A) any Convertible Notes are repurchased (whether
in connection with or as a result of a change of control, howsoever defined, or
for any other reason) by Counterparty or any of its subsidiaries, (B) any
Convertible Notes are delivered to Counterparty in exchange for delivery of any
property or assets of Counterparty or any of its subsidiaries (howsoever
described), (C) any principal of any of the Convertible Notes is repaid prior
to the final maturity date of the Convertible Notes (whether following
acceleration of the Convertible Notes or otherwise), or (D) any Convertible
Notes are exchanged by or for the benefit of the holders thereof for any other
securities of Counterparty or any of its affiliates (or any other property, or
any combination thereof) pursuant to any exchange offer or similar transaction;
provided that, in the case of clause (B)
and clause (D), conversions of the Convertible Notes pursuant to the terms of
the Indenture as in effect on the date hereof shall not be Repayment Events.

 

 10

(c)           Alternative Calculations and Payment on Early
Termination and on Certain Extraordinary Events.  If, subject to Section 8(k) below, Dealer
shall owe Counterparty any amount pursuant to Sections 12.6, 12.7 or 12.9 of
the Equity Definitions or pursuant to Section 6(d)(ii) of the Agreement (except
in the event of an Event of Default in which Counterparty is the Defaulting
Party or a Termination Event in which Counterparty is the Affected Party, that
resulted from an event or events within Counterparty’s control) (a “Payment Obligation”), Counterparty shall
have the right, in its sole discretion, to require Dealer to satisfy any such
Payment Obligation by the Share Termination Alternative (as defined below) by
giving irrevocable telephonic notice to Dealer, confirmed in writing within one
Scheduled Trading Day, between the hours of 9:00 A.M. and 4:00 P.M. New York
City time on the Announcement Date or Early Termination Date, as applicable (“Notice of Share Termination”).  Upon such Notice of Share Termination, the
following provisions shall apply on the Scheduled Trading Day immediately
following the Announcement Date or Early Termination Date, as applicable:

Share Termination Alternative:                                                     Applicable
and means that Dealer shall deliver to Counterparty the Share Termination
Delivery Property on the date on which the Payment Obligation would otherwise
be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section
6(d)(ii) of the Agreement, as applicable (the “Share
Termination Payment Date”), in satisfaction of the Payment
Obligation.

Share Termination Delivery Property:                   A number of Share Termination
Delivery Units, as calculated by the Calculation Agent, equal to the Payment
Obligation divided by the Share Termination Unit Price.  The Calculation Agent shall adjust the Share
Termination Delivery Property by replacing any fractional portion of a security
therein with an amount of cash equal to the value of such fractional security
based on the values used to calculate the Share Termination Unit Price.

Share Termination Unit Price:                                                             The
value of property contained in one Share Termination Delivery Unit on the date
such Share Termination Delivery Units are to be delivered as Share Termination
Delivery Property, as determined by the Calculation Agent in its discretion by
commercially reasonable means and notified by the Calculation Agent to Dealer
at the time of notification of the Payment Obligation.

Share Termination Delivery Unit:                                          In the case
of a Termination Event, Event of Default or Delisting, one Share or, in the
case of an Insolvency or Nationalization, one Share or a unit consisting of the
number or amount of each type of property received by a holder of one Share
(without consideration of any requirement to pay cash or other consideration in
lieu of fractional amounts of any securities) in such Insolvency or
Nationalization.  If such Insolvency or
Nationalization involves a choice of consideration to be received by holders,
such holder shall be deemed to have elected to receive the maximum possible amount
of cash.

Failure to Deliver:                                                                                                                          Applicable

Other applicable provisions:                                                                  If
Share Termination Alternative is applicable, the provisions of Sections 9.8,
9.9, 9.10, 9.11 and 9.12 of the Equity Definitions will be applicable, except
that all references in such provisions to “Physical Settlement” shall be read
as references to “Share Termination Alternative” and all references to “Shares”
shall be read as references to “Share Termination Delivery Units”; and provided that the Representation and
Agreement contained in  Section 9.11 of
the Equity Definitions shall be modified by excluding any representations
therein relating to restrictions, obligations, limitations or requirements
under applicable securities laws as a result of the fact that 

 11
 

                                                                                                                                                                                                                        Buyer
is the issuer of any Share Termination Delivery Units (or any part thereof).

(d)           Disposition of Hedge Shares.  Counterparty hereby agrees that if, in the
good faith reasonable judgment of Dealer, the Shares (the “Hedge Shares”) acquired by Dealer for the
purpose of hedging its obligations pursuant to the Transaction cannot be sold
in the U.S. public market by Dealer without registration under the Securities
Act, Counterparty shall, at its election: 
(i) in order to allow Dealer to sell the Hedge Shares in a registered
offering, make available to Dealer an effective registration statement under
the Securities Act to cover the resale of such Hedge Shares and (A) enter into
an agreement, in form and substance satisfactory to Dealer, substantially in
the form of an underwriting agreement for a registered secondary offering, (B)
provide accountant’s “comfort” letters in customary form for registered
offerings of equity securities, (C) provide disclosure opinions of nationally
recognized outside counsel to Counterparty reasonably acceptable to Dealer, (D)
provide other customary opinions, certificates and closing documents customary
in form for registered offerings of equity securities and (E) afford Dealer a
reasonable opportunity to conduct a “due diligence” investigation with respect
to Counterparty customary in scope for underwritten offerings of equity
securities; provided, however,that if Dealer, in its sole reasonable discretion, is not satisfied
with access to due diligence materials, the results of its due diligence
investigation, or the procedures and documentation for the registered offering
referred to above, then clause (ii) or clause (iii) of this Section 8(c) shall
apply at the election of Counterparty; (ii) in order to allow Dealer to sell
the Hedge Shares in a private placement, enter into a private placement
agreement substantially similar to private placement purchase agreements
customary for private placements of equity securities, in form and substance
satisfactory to Dealer, including customary representations, covenants, blue
sky and other governmental filings and/or registrations, indemnities to Dealer,
due diligence rights (for Dealer or any designated buyer of the Hedge Shares
from Dealer), opinions and certificates and such other documentation as is customary
for private placements agreements, all reasonably acceptable to Dealer (in
which case, the Calculation Agent shall make any adjustments to the terms of
the Transaction that are necessary, in its reasonable judgment, to compensate
Dealer for any discount from the public market price of the Shares incurred on
the sale of Hedge Shares in a private placement); or (iii) purchase the Hedge
Shares from Dealer at the VWAP Price on such Exchange Business Days, and in the
amounts, requested by Dealer.  “VWAP Price” means, on any Exchange Business
Day, the per Share volume-weighted average price as displayed under the heading
“Bloomberg VWAP” on Bloomberg page CPTS <Equity> VAP (or any successor
thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City
time) on such Exchange Business Day (or if such volume-weighted average price
is unavailable, the market value of one Share on such Exchange Business Day, as
determined by the Calculation Agent using a volume-weighted method).

(e)           Amendment to Equity Definitions and the Agreement.  The following amendment shall be made to the
Equity Definitions and to the Agreement: 
Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1)
deleting from the fourth line thereof the word “or” after the word “official”
and inserting a comma therefor, and (2) deleting the semi-colon at the end of
subsection (B) thereof and inserting the following words therefor “or (C) at
Dealer’s option, the occurrence of any of the events specified in Section
5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that
Issuer.”

(f)            Repurchase Notices.  Counterparty shall, on any day on which
Counterparty effects any repurchase of Shares, promptly give Dealer a written
notice of such repurchase (a “Repurchase
Notice”) on such day if, following such repurchase, the Notice
Percentage as determined on such day (i) in the case of the first such
Repurchase Notice, is greater than 8.00% and (ii) in the case of any subsequent
Repurchase Notice, (A) is greater than 8.00% and (B) is greater by at least
0.5% than the Notice Percentage included in the immediately preceding
Repurchase Notice.  The “Notice Percentage” as of any day is the
fraction, expressed as a percentage, the numerator of which is the Number of
Shares and the denominator of which is the number of Shares outstanding on such
day.  In the event that Counterparty
fails to provide Dealer with a Repurchase Notice on the day and in the manner
specified in this Section 8(f) then Counterparty agrees to indemnify and hold
harmless Dealer, its affiliates and their respective directors, officers,
employees, agents and controlling persons (Dealer and each such person being an
“Indemnified Party”) from and
against any and all losses, claims, damages and liabilities (or actions in
respect thereof), joint or several, to which such Indemnified Party may become
subject under applicable securities laws, including without limitation, Section
16 of the Exchange Act, relating to or arising out of such failure.  If for any reason the foregoing
indemnification is unavailable to any Indemnified Party or insufficient to hold
harmless any Indemnified Party, then Counterparty shall contribute, to the
maximum extent permitted by law, to the amount paid or payable by the
Indemnified Party as a result of such loss, claim, damage or liability.  In addition,

 12
 

Counterparty will reimburse any Indemnified Party for all expenses
(including reasonable counsel fees and expenses) as they are incurred (after
notice to Counterparty) in connection with the investigation of, preparation
for or defense or settlement of any pending or threatened claim or any action,
suit or proceeding arising therefrom, whether or not such Indemnified Party is
a party thereto and whether or not such claim, action, suit or proceeding is
initiated or brought by or on behalf of Counterparty.  This indemnity shall survive the completion
of the Transaction contemplated by this Confirmation and any assignment and
delegation of the Transaction made pursuant to this Confirmation or the
Agreement shall inure to the benefit of any permitted assignee of Dealer.

(g)           Transfer and Assignment.  Dealer may transfer or assign its rights and
obligations hereunder and under the Agreement, in whole or in part, to any of
its affiliates with a senior unsecured debt rating  equal to or greater than A as specified by
Standard and Poor’s Rating Services or A2 as specified by Moody’s Investor
Service, Inc., at the time of such assignment or transfer, without the consent
of Counterparty.  In addition, Dealer may
transfer or assign its rights and obligations hereunder and under the
Agreement, in whole or in part, to any unaffiliated third-party financial
institution without the consent of Counterparty, so long as the senior unsecured debt rating of such third party (or
any guarantor of its obligations under the Transaction) is equal to or greater
than A as specified by Standard and Poor’s Rating Services or A2 as specified
by Moody’s Investor Service, Inc., at the time of such assignment or transfer.  In
connection with any transfer or assignment by Dealer of its rights and
obligations hereunder and under the Agreement, Dealer shall promptly provide
written notice to Counterparty of such transfer or assignment, as the case may
be, and the identity of the relevant transferee or assignee.  In connection
with any assignment or transfer pursuant to the second immediately preceding
sentence, the guarantee of any guarantor of the relevant transferee’s obligations
under the Transaction shall constitute a Credit Support Document under the
Agreement.  If at any time at which the
Equity Percentage exceeds 7.5%, Dealer, in its discretion, is unable to effect
a transfer or assignment to an unaffiliated third party after its commercially
reasonable efforts on pricing terms reasonably acceptable to Dealer such that
the Equity Percentage is reduced to 7.5% or less, Dealer may designate any
Scheduled Trading Day as an Early Termination Date with respect to a portion
(the “Terminated Portion”) of the
Transaction, such that the Equity Percentage following such partial termination
will be equal to or less than 7.5%.  In
the event that Dealer so designates an Early Termination Date with respect to a
portion of the Transaction, a payment or delivery shall be made pursuant to Section
6 of the Agreement as if (i) an Early Termination Date had been designated in
respect of a Transaction having terms identical to the Terminated Portion of
the Transaction, (ii) Counterparty shall be the sole Affected Party with
respect to such partial termination and (iii) such portion of the Transaction
shall be the only Terminated Transaction. 
The “Equity Percentage” as
of any day is the fraction, expressed as a percentage, (A) the numerator of
which is the Number of Shares and (B) the denominator of which is the number of
Shares outstanding on such day. 
Counterparty may transfer or assign its rights and obligations hereunder
and under the Agreement, in whole or in part, to any party with the consent of
Dealer, such consent not to be unreasonably withheld.

(h)           Staggered Settlement. 
If the Staggered Settlement Equity Percentage as of any Exchange
Business Day during the relevant “Cash Settlement Averaging Period”, as defined
in the Supplemental Indenture, is greater than 4.5%, Dealer may, by notice to Counterparty prior to any
Settlement Date (a “Nominal
Settlement Date”), elect to deliver
any Shares due hereunder on two or more dates (each, a “Staggered Settlement Date”) or at two or more times on the Nominal Settlement
Date as follows:

(i)            in
such notice, Dealer will specify to Counterparty the related Staggered
Settlement Dates (each of which will be on or prior to such Nominal Settlement
Date, but not prior to the beginning of such “Conversion
Reference Period”) or delivery times and how it will allocate the
Shares it is required to deliver under “Delivery Obligation” (above) among the
Staggered Settlement Dates or delivery times;

(ii)           the
aggregate number of Shares that Dealer will deliver to Counterparty hereunder
on all such Staggered Settlement Dates and delivery times will equal the number
of Shares that Dealer would otherwise be required to deliver on such Nominal
Settlement Date; and

(iii)          if Counterparty declares a dividend or
other distribution with respect to Shares with an ex dividend date falling on
or after a Nominal Settlement Date and prior to a Staggered Settlement Date,
then in addition to any Shares it delivers on such a Staggered Settlement Date,
Dealer shall deliver to Counterparty the amount of such dividend or other
distribution in respect of such Shares on the business day next following its
receipt of such dividend or distribution.

 13
 

The “Staggered Settlement Equity Percentage” as
of any day is the fraction, expressed as a percentage, (A) the numerator of
which is the sum of (x) the number of Shares that Dealer or any of its
affiliates beneficially own (within the meaning of Section 13 of the Exchange
Act) on such day, other than any Shares so owned as a hedge of the Transaction,
and (y) the Number of Shares and (B) the denominator of which is the number of
Shares outstanding on such day.

(i)            Disclosure.  Effective from the date of commencement of
discussions concerning the Transaction, Counterparty and each of its employees,
representatives, or other agents may disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of the Transaction
and all materials of any kind (including opinions or other tax analyses) that
are provided to Counterparty relating to such tax treatment and tax structure.

(j)            Designation by Dealer.  Notwithstanding any other provision in this
Confirmation to the contrary requiring or allowing Dealer to purchase, sell,
receive or deliver any Shares or other securities to or from Counterparty,
Dealer may designate any of its affiliates to purchase, sell, receive or
deliver such shares or other securities and otherwise to perform Dealer
obligations in respect of the Transaction and any such designee may assume such
obligations.  Dealer shall be discharged
of its obligations to Counterparty to the extent of any such performance.

(k)           Netting and Set-off.  Each party waives any and all rights it may
have to set off, whether arising under any agreement, applicable law or
otherwise.  The provisions of Section
2(c) of the Agreement shall not be applicable to the Transaction.

(l)            Equity Rights.  Dealer acknowledges and agrees that this
Confirmation is not intended to convey to it rights with respect to the
Transaction that are senior to the claims of common stockholders in the event
of Counterparty’s bankruptcy.  For the
avoidance of doubt, the parties agree that the preceding sentence shall not
apply at any time other than during Counterparty’s bankruptcy to any claim
arising as a result of a breach by Counterparty of any of its obligations under
this Confirmation or the Agreement.

(m)          Early Unwind.  In the event the sale by Counterparty of the
Convertible Notes is not consummated with UBS Securities LLC pursuant to the
Underwriting Agreement for any reason by the close of business in New York on
February 12, 2007 (or such later date as agreed upon by the parties) (February
12, 2007 or such later date being the “Early
Unwind Date”), the Transaction shall automatically terminate (the “Early Unwind”), on the Early Unwind Date
and (i) the Transaction and all of the respective rights and obligations of
Dealer and Counterparty thereunder shall be cancelled and terminated and (ii)
Counterparty shall pay to Dealer, other than in cases involving a breach of the
Underwriting Agreement by UBS Securities LLC, an amount in cash equal to the
aggregate amount of costs and expenses 
relating to the unwinding of Dealer’s hedging activities in respect of
the Transaction (including market losses incurred in reselling any Shares
purchased by Dealer or its affiliates in connection with such hedging
activities).  Following such termination,
cancellation and payment, each party shall be released and discharged by the
other party from and agrees not to make any claim against the other party with
respect to any obligations or liabilities of either party arising out of and to
be performed in connection with the Transaction either prior to or after the
Early Unwind Date.  Dealer and
Counterparty represent and acknowledge to the other that upon an Early Unwind
and following the payment referred to above, all obligations with respect to
the Transaction shall be deemed fully and finally discharged.

(n)           Waiver of Trial by Jury.  EACH OF
COUNTERPARTY AND DEALER HEREBY IRREVOCABLY WAIVES (ON ITS OWN BEHALF AND, TO
THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED
ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE TRANSACTION
OR THE ACTIONS OF DEALER OR ITS AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR
ENFORCEMENT HEREOF.

(o)           Governing Law.  THIS
CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED

 14
 

STATES COURT FOR THE SOUTHERN DISTRICT OF NEW
YORK IN CONNECTION WITH ALL MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO
THE LAYING OF VENUE IN, AND ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO,
THESE COURTS.

(p)           Role of Agent. Each party agrees and acknowledges that Agent
is acting as agent for both parties but does not guarantee the performance of
either party and neither Dealer nor Counterparty shall contact the other with
respect to any matter relating to the Transaction without the direct
involvement of Agent; (ii) Agent is not a member of the Securities Investor
Protection Corporation; (iii) Agent, Dealer and Counterparty each hereby
acknowledges that any transactions by Dealer or Agent in the Shares will be undertaken
by Dealer or Agent, as the case may, as principal for its own account; (iv) all
of the actions to be taken by Dealer and Agent in connection with the
Transaction, including, but not limited to, any exercise of any rights with
respect to the Options, shall be taken by Dealer or Agent independently and
without any advance or subsequent consultation with Counterparty; and (v) Agent
is hereby authorized to act as agent for Counterparty only to the extent
required to satisfy the requirements of Rule 15a-6 under the Exchange Act in
respect of the Options described hereunder.

 15
 

 

Counterparty
hereby agrees (a) to check this Confirmation carefully and immediately
upon receipt so that errors or discrepancies can be promptly identified and
rectified and (b) to confirm that the foregoing (in the exact form
provided by Dealer) correctly sets forth the terms of the agreement between
Dealer and Counterparty with respect to the Transaction, by manually signing
this Confirmation or this page hereof as evidence of agreement to such terms
and providing the other information requested herein and immediately returning
an executed copy to Candice Berguin (Documentation Department), Facsimile No. +
33 1 46 92 46 70.

	
  

  	
  Yours faithfully,

  
	
   

  	
   

  
	
  

  	
  SOCIETE GENERALE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anne Martel

  	
   

  
	
   

  	
   

  	
  Name: Anne
  Martel

  
	
   

  	
   

  	
  Title: Societe
  Generale OTC Equity Derivatives

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SG AMERICAS SECURITIES, LLC, as agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sanjay Garg

  	
   

  
	
   

  	
   

  	
  Name: Sanjay
  Garg

  
	
   

  	
   

  	
  Title: Director

  
					

Agreed and Accepted By:

	
  CONCEPTUS, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Gregory E. Lichtwardt

  	
   

  
	
   

  	
  Name: Gregory E.
  Lichtwardt

  
	
   

  	
  Title: Executive
  Vice President, CFO

  
				

 

 

 16

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