Document:

Exhibit 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE
EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into February 2, 2021 and effective as of
January 1, 2021 (the “Effective Date”) by and among Epsilon Energy USA, Inc., a wholly owned subsidiary of
Epsilon Energy Ltd. (the “Company”), and Michael Raleigh (the “Executive” and, together
with the Company, the “Parties”) with reference to the following:

 

WHEREAS, the
Company desires to employ (or to continue the employment of) the Executive, and the Executive desires to be employed by (or to
continue to be employed by) the Company pursuant to the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual agreements and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the Parties agree as follows:

 

1.                 
Employment and Duties. Executive shall serve as Chief Executive Officer (“CEO”) of the Company,
reporting to the Company’s Board of Directors (the “Board”). Executive shall have such duties and responsibilities,
commensurate with Executive’s position, as may be reasonably assigned to Executive from time to time by the Board. Executive’s
duties under this Agreement shall further include the following: (i) Executive shall devote his full business time, best efforts,
and attention to rendering his duties to the Company; and (ii) Executive shall use good faith efforts to perform all services
under this Agreement in accordance with all applicable federal, state, and local laws and regulations and all requirements of all
applicable regulatory, self-regulatory, and administrative bodies, and Executive shall follow and comply with the Company’s
rules, regulations, policies, and guidelines adopted from time to time by the Company. The Executive’s principal place of
employment shall be in Houston, Texas.

 

2.                  Term.
Subject to earlier termination as provided in Section 4 and Section 5, Executive’s employment pursuant to
the terms of this Agreement shall be for a term of one (1) year commencing on the Effective Date, and thereafter automatically
renewing for subsequent periods of one year unless either of the Parties provides written notice of non-renewal to the other at
least 60 days prior to the end of the then-current period (i.e., either the initial one-year period or any subsequent one-year
period). The term of this Agreement is defined as the “Employment Period.” The termination of Executive’s
employment shall not affect any of the obligations that expressly extend beyond, or are not contingent upon, continued employment,
including the obligations set forth in Section 6 of this Agreement.

 

3.                 
Compensation and Benefits. Subject to the provisions of this Agreement, the Company shall pay and provide the
following compensation and other benefits to Executive during the Employment Period as compensation for services rendered hereunder:

 

(a)                Base
Salary. The Company shall pay to Executive an annual salary of $150,000 (the “Base Salary”), subject
to lawful deductions and withholdings and payable monthly in substantially equal installments in accordance with the
Company’s then-current payroll practices as established, and as may be modified, from time to time. For the avoidance
of doubt, the term “Base Salary” as used in this Agreement shall not be deemed to include any of the additional
benefits or amounts outlined in Sections 3(b)-(f) hereof. The Company shall have the right, but not the obligation, to
increase Executive’s Base Salary from time to time.

 

    1

     

    

 

(b)              
Expenses. The Company will reimburse Executive for all reasonable and necessary business expenses incurred by Executive
in the performance of his duties under this Agreement, subject to any maximum annual limit and other restrictions on such expenses
set by the Company, and also subject to submission of such reasonable substantiation and documentation as may be required from
time to time. Executive’s right to payment or reimbursement for business expenses hereunder shall further be subject to the
following additional rules: (i) the amount of expenses eligible for payment or reimbursement during any calendar year shall not
affect the expenses eligible for payment or reimbursement in any other calendar year; (ii) payment or reimbursement shall be made
upon or as soon as practicable after submission of such substantiation or documentation, and in any event, not later than December
31st of the calendar year following the calendar year in which the expense or payment was incurred; and (iii) the right to payment
or reimbursement is not subject to liquidation or exchange for any other benefit.

 

(c)               
Vacation Policy. Executive shall be entitled to participate in a flexible vacation policy, which policy is based
on mutual trust between the Company and Executive and allows Executive the opportunity to work or take time off as Executive sees
fit, as long as he fulfills the duties and responsibilities set forth herein. Executive does not accrue time off so the Company
will not pay out unused time upon resignation or termination of employment. This policy does not interfere or change eligibility
for legally established leaves.

 

(d)               
Executive Benefits. Executive shall be entitled to participate in all applicable Company benefit plans, programs,
or arrangements that the Company may offer to its executives of a like status from time to time, and as may be amended from time
to time. Participation will be subject to the terms of the applicable plan documents and generally applicable Company policies,
as may be in effect from time to time, and any other restrictions or limitations imposed by law. During the Employment Period,
the Company will purchase and maintain, at its own expense, directors’ and officers’ liability insurance providing
coverage to Executive on terms equivalent to those provided to other executive officers and members of the Board. Further, during
the Employment Period, Executive shall receive indemnification pursuant to and in accordance with the terms of an indemnification
agreement that is substantially similar to that entered into between the Company and senior executives of the Company.

 

(e)               
 Performance Bonus. The Executive is entitled to participate in any bonus or payout plans that the Company may offer
to its executives of a like status from time to time, and as may be amended from time to time. Bonus payments are not earned until
the date on which they are paid out, and the Executive must be employed on the date that any Bonus payments are made to be eligible
to receive the Bonus.

 

(f)                  Equity
Award. Executive shall (i) receive an equity award in an amount having a value equal to one time Executive’s Base
Salary, and (ii) in the discretion of the Board, be eligible to receive an additional equity award having a value equal to up
to two times Executive’s Base Salary (such additional equity award in this clause (ii), the “Discretionary
Award”). The Board may, in its sole discretion, grant Executive’s Discretionary Award in cash. The
performance targets that must be achieved in order to be eligible for the Discretionary Award shall be established by the
Board (or a committee thereof) annually and shall be communicated to Executive upon establishment.

 

    2

     

    

 

(g)               
Change in Control Bonus. Upon the closing of the first change in control (as such term is defined in the Company’s
2020 Equity Incentive Plan, such event a “Change in Control”) occurring after the Effective Date and provided
that Executive’s service as CEO has not previously terminated, Executive shall be entitled to receive an amount (the “Change
in Control Bonus”), subject to applicable tax withholdings, equal to twelve (12) months of Executive’s Base Salary
at the rate in effect immediately preceding the Change in Control.

 

Any obligation to pay
the Change in Control Bonus shall be conditioned on Executive signing and returning to the Company (without revoking) a timely
and effective release of claims in a form provided by the Company that becomes irrevocable on or before the 30th day following
the closing date of the Change in Control (the “CIC Release”). Any Change in Control Bonus shall be paid in
a single lump sum cash payment, subject to applicable tax withholdings, on the first payroll date following the date the CIC Release
becomes effective and can no longer be revoked in accordance with its terms.

 

4.                 
Termination of Employment Upon Executive’s Death or Disability, or by the Company for Cause, or by Executive without
Good Reason.

 

(a)                 Termination
of Employment Due to Executive’s Death. If Executive dies during the Employment Period, the Company shall pay to the
estate of Executive such compensation as would otherwise have been payable to Executive (and any expense reimbursements for expenses
incurred) up to the date of his death. Other than the obligations set forth in this Section 4(a), the Company shall have
no additional financial obligation under this Agreement to Executive or his estate.

 

(b)                
Termination of Employment Due to Executive’s Disability, Illness, or Incapacity. If, in the opinion of a physician
selected by the Company and reasonably approved by Executive, Executive becomes physically or mentally disabled or develops an
illness or incapacity during the Employment Period that renders Executive at least temporarily unable to perform (either with or
without reasonable accommodation) the essential functions of his job for a period of 180 days within any continuous 12-month period,
then Executive shall continue to receive the Base Salary until the end of such 180-day period, less any benefits received during
the foregoing respective period by Executive under any disability insurance carried or provided by the Company. If Executive’s
employment is terminated due to a permanent disability, as reasonably determined by the Company in accordance with applicable law,
then the Company shall pay to Executive such compensation as would otherwise have been payable to Executive (and any expense reimbursements
for expenses incurred) up to the end of the month in which Executive’s employment is terminated, and the Company shall have
no additional obligation under this Agreement to Executive. The Company is not obligated to, but may, carry disability insurance
for its employees.

 

    3

     

    

 

(c)                 Termination of Employment by the Company for Cause, or by Executive without Good Reason. If the Company terminates
the employment of Executive for Cause (defined below), then the Company shall pay to Executive compensation earned by Executive
(and any expense reimbursements for expenses incurred) up to the termination date, with applicable deductions and withholdings,
and no other compensation, bonus, or other amount shall be due and owing to Executive. Executive may terminate Executive’s
employment hereunder voluntarily and without Good Reason (defined below) upon giving at least 30 days’ prior written notice
to the Company. If the Executive terminates Executive’s employment voluntarily and without Good Reason effective on a date
during the Employment Period, then the Company shall pay to Executive compensation earned by Executive up to the end of the 30-day
notice period, with applicable deductions and withholdings, and no other compensation, bonus, or other amount shall be due and
owing to Executive.

 

1.                 
For purposes of this Agreement, the term “Good Reason” shall mean: (i) a material diminution in Executive’s
Base Salary or in the target bonus amount; (ii) a material diminution in the nature or scope of Executive’s authority, duties,
responsibilities, or title from those applicable to Executive as of the Effective Date; (iii) the Company requiring Executive to
be based at any office or location more than 25 miles from Executive’s principal place of employment as of the Effective
Date; or (iv) a material breach by the Company of any term or provision of this Agreement. Notwithstanding anything in this Section
4(c)(1) to the contrary, no event or condition described in this Section shall constitute Good Reason unless: (x) within 90
days from Executive first acquiring actual knowledge of the existence of the Good Reason condition described in this Section, Executive
provides the Company written notice of Executive’s intention to terminate Executive’s employment for Good Reason and
the grounds for such termination; (y) such grounds for termination (if susceptible to correction) are not corrected by the Company
within 30 days of the Company’s receipt of such notice (or, in the event that such grounds cannot be corrected within such
30-day period, the Company has not taken all reasonable steps within such 30-day period to correct such grounds as promptly as
practicable thereafter); and (z) Executive terminates Executive’s employment with the Company immediately following expiration
of such 30-day period.

 

2.                  For
purposes of this Agreement, the term “Cause” shall mean a termination by the Company of Executive’s
employment because of: (i) any act or omission that constitutes an intentional and material breach by Executive of any of
Executive’s obligations under this Agreement; (ii) Executive’s conviction of, or plea of nolo contendere to, any
felony or another crime involving dishonesty; (iii) Executive willfully engaging in any misconduct, negligence, act of
dishonesty, violence or threat of violence (including any violation of federal securities laws) that is materially injurious
to the Company or any of its parents, subsidiaries, or affiliates; (iv) Executive’s intentional and material breach of
a known written policy of the Company or the rules of any governmental or regulatory body applicable to the Company that is
or could reasonably be materially injurious to the Company; (v) Executive’s repeated refusal to follow the lawful
directions of the Company; or (vi) any other willful misconduct by Executive that is materially injurious to the financial
condition or business reputation of the Company or any of its parents, subsidiaries, or affiliates. Notwithstanding anything
in this Section 4(c)(2) to the contrary, no event or condition described in Section 4(c)(2)(i), (iii), (iv), (v),
or (vi) shall constitute Cause unless: (x) the Company provides Executive written notice of its intention to terminate
Executive’s employment for Cause and the grounds for such termination; (y) such grounds for termination (if susceptible
to correction) are not corrected by Executive within 30 days of Executive’s receipt of such notice (or, in the event
that such grounds cannot be corrected within such 30-day period, Executive has not taken all reasonable steps within such
30-day period to correct such grounds as promptly as practicable thereafter); and (z) the Company terminates
Executive’s employment with the Company immediately following expiration of such 30-day period.

 

    4

     

    

 

5.                  Termination
of Employment by Executive for Good Reason, or by the Company Without Cause Prior to Change in Control. Notwithstanding
anything herein to the contrary, Executive’s employment with the Company may be terminated by the Company without Cause
upon 30 days’ written notice. Executive shall also have the right to terminate his employment for Good Reason. Upon the
occurrence of either event prior to the consummation of a Change in Control, the Company shall pay to Executive compensation earned
by Executive (and any expense reimbursements for expenses incurred) up to the termination date, with applicable deductions and
withholdings, the bonus Executive would have been entitled to for such year if the determination for such bonus was made as of
the termination date, and a severance amount equal to twelve (12) months of Executive’s Base Salary at the rate in effect
immediately preceding the termination date (the “Severance Amount”). Should Employee wish to continue Employee’s
health benefits coverage through Company’s or its affiliates’, as applicable, group insurance plans beyond the termination
date, Company will be responsible for paying the premium in full for the 12 months period following the termination date. 
At the end of this period, the Employee shall be eligible to continue coverage, pursuant to COBRA (as defined below), and shall
be responsible for the entire COBRA premium for the remainder of the applicable COBRA continuation period.  Employee will
receive a separate notice explaining Employee’s right to continuation and conversion of Employee’s health benefits
under the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) and/or any applicable state law.
Any obligation to pay the Severance Amount shall be conditioned on Executive (i) complying with all post-termination obligations
under this Agreement and (ii) signing and returning to the Company (without revoking) a timely and effective release of claims
in a form provided by the Company that becomes irrevocable on or before the 60th day following Executive’s termination date
(“Separation Release”). Any Severance Amount will be paid in equal installments on the Company’s regular
payroll schedule, subject to applicable tax withholdings, beginning with the first payroll date following the date the Separation
Release becomes effective and can no longer be revoked in accordance with its terms. To the extent the Severance Amount is considered
deferred compensation under Section 409A of the Internal Revenue Code, as amended (the “Code”), and is not
otherwise exempt from the application of Section 409A, then, if the foregoing 60-day period spans two calendar years, the payment
of the Severance Amount will not be made or begin until the later calendar year. Executive shall not be entitled to any other
compensation following his last date of employment.

 

6.                 
Confidential Information and Company Property.

 

(a)                Confidential
Information. As used in this Agreement, the term “Confidential Information” means information of any
kind, nature, or description, that (i) relates to the Company’s business (for purposes of this Section 6,
references to the Company shall include the Company’s parents, general partners, subsidiaries, predecessors,
successors, members, the Board, and affiliates), (ii) provides the Company economic value or any business advantage, (iii) is
not generally known to the public, and (iv) is or was learned or developed by Executive as a direct or indirect result, or
during the course, of Executive’s employment with the Company. Additionally, Confidential Information includes: (x) the
Company’s trade secrets and inventions; (y) all information concerning operational matters involving the business of
the Company; and (z) all notes, analyses, compilations, studies, summaries, and other material prepared by the Company or its
representatives to the extent that it contains or is based, in whole or in part, upon any information noted above.

 

    5

     

    

 

 

(b)              
Non-Disclosure of Confidential Information. Executive agrees not to, directly or indirectly, participate in the unauthorized
use, disclosure, or conversion of any Confidential Information. Specifically, but without limitation, Executive agrees not to use
Confidential Information for his sole benefit, or for the benefit of any person or entity in any way that harms the Company or
diminishes the value of the Confidential Information to the Company. However, nothing in this Agreement prohibits Executive from
reporting or otherwise disclosing possible violations of federal law or regulation to any government agency or entity, or from
receiving an award or monetary recovery in connection therewith. Executive does not need prior authorization to make reports or
disclosures to any government agency or entity and is not required to notify the Company if Executive has made or will make any
such report or disclosure.

 

(c)              
The Company’s Property. All documents and things, including Confidential Information, provided to Executive
by the Company for use in connection with Executive’s employment, or created by Executive in the course and scope of Executive’s
employment with the Company, are the sole property of the Company and shall be held by Executive as a fiduciary on behalf of the
Company. Immediately upon termination of Executive’s employment—without the requirement of a prior demand by the Company—Executive
shall surrender to the Company all such documents and things, including all Confidential Information or other company property,
together with all copies, recordings, abstracts, notes, reproductions, or electronic versions of any kind made from or about the
documents and things and the information they contain.

 

(d)              
Notice of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016 (“DTSA”).
Executive will not be held criminally or civilly liable under any federal or state law for any disclosure of a trade secret that:
(i) is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and
solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document
that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation by the Company for reporting
a suspected violation of law, Executive may disclose the Company’s trade secrets to his attorney and use the trade secret
information in the court proceeding if Executive files any document containing the trade secret under seal and does not disclose
the trade secret, except pursuant to court order.

 

7.                 
Survival. Provisions of this Agreement shall survive any termination of employment if so provided in this Agreement
or if necessary or desirable to accomplish the purposes of other surviving provisions, including Executive’s obligations
under Section 6 of this Agreement.

 

    6 

     

    

 

8.                 
 Waiver of Breach. The waiver of a breach of any of the provisions of this Agreement by the Parties shall not
be construed as a waiver of any subsequent breach by the breaching party.

 

9.                 
Binding Effect; Assignment. The rights and obligations of the Company under this Agreement shall inure to the
benefit of and shall be binding upon the successors and assigns of the Company. This Agreement is a personal employment contract,
and the rights, obligations, and interests of Executive hereunder may not be sold, assigned, delegated, transferred, pledged, or
hypothecated.

 

10.             
Entire Agreement. Unless otherwise noted herein, this Agreement supersedes all prior agreements and understandings,
oral or written, if any, between the Company and Executive with respect to the terms and conditions of Executive’s employment
with the Company. No supplement, modification, amendment, or waiver of any of the terms, conditions, or provisions in this Agreement
can be made unless in writing and signed by both an authorized representative of the Company, the Board, and Executive.

 

11.             
Notice. All notices that are required or may be given under this Agreement shall be in writing and shall be deemed
to have been duly given: When received if personally delivered; when transmitted if transmitted by telecopy or similar electronic
transmission method; one business day after it is sent, if sent by recognized expedited delivery service; and five days after it
is sent, if mailed, first class mail, certified mail, return receipt requested, with postage prepaid. In each case notice shall
be sent to:

 

	If to Executive:	
        Domain Energy Advisors

        10,000 Memorial Drive, Suite 550

        Houston, Texas, 77024

        mraleigh@domain-energy.com

         

         

	If to the Company:	
        Epsilon Energy Ltd.

        16945 Northchase Drive, Suite 1610

        Houston, Texas 77060

        Attn: Lane Bond

         

         

 

12.              Section
409A of the Code. This Agreement is intended to either avoid the application of, or comply with, Section 409A of the
Code. To that end, this Agreement shall at all times be interpreted in a manner that is consistent with Section 409A of the
Code. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is
also a “separation from service” within the meaning of Section 409A of the Code and, for purposes of any such
provision of this Agreement, references to a “termination,” “termination of employment,” or like
terms shall mean “separation from service.” Any payment following a separation from service that would be subject
to Section 409A(a)(2)(A)(i) of the Code as a distribution following a separation from service of a “specified
employee” (as defined under Section 409A(a)(2)(B)(i) of the Code) shall be made on the first to occur of (i) ten days
after the expiration of the six-month period following such separation from service, (ii) death, or (iii) such earlier date
that complies with Section 409A of the Code. Upon the expiration of the foregoing delay period, all payments and benefits
delayed pursuant to this Section 12 (whether they would have otherwise been payable in a single sum or in installments
in the absence of such delay) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits
due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.
Each payment that Executive may receive under this Agreement shall be treated as a “separate payment” for
purposes of Section 409A of the Code.

 

 

13.             
Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with
the laws of the State of Texas without giving effect to principles of conflicts of laws that would apply the laws of another jurisdiction. 
All claims arising out of or relating to this Agreement shall be heard and determined exclusively in any federal or state court
sitting in Houston, Texas. Consistent with the preceding sentence, the Parties irrevocably waive, and agree not to assert by way
of motion, defense, or otherwise, any claim that it is not subject personally to the jurisdiction of the aforementioned courts,
that its property is exempt or immune from attachment or execution, that the claim is brought in an inconvenient forum, that the
venue of the claim is improper, or that this Agreement or the transactions contemplated by this Agreement may not be enforced in
or by any of the aforementioned courts.

 

14.             
Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.

 

[SIGNATURES ON NEXT PAGE]

 

    7 

     

    

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement the day and year first above written.

 

 

		EPSILON
ENERGY USA, INC.
	 	 
	 	 	By:	B. Lane Bond
	 	 	Its:	Chief Financial Officer
	 	 
	 	By:	/s/ B. Lane Bond

 

	 	EXECUTIVE:
	 	 
	 	/s/ Michael Raleigh
		miCHAEL
raleigh

 

    8Exhibit
4.1

 

 

 

FUBOTV
INC.

AND

U.S.
BANK NATIONAL ASSOCIATION,

as
Trustee

 

INDENTURE

 

Dated
as of February 2, 2021

 

3.25%
Convertible Senior Notes due 2026

 

 

 

    	 	 	 

    	 	 	 

    

 

TABLE
OF CONTENTS

 

	

Page

	 
	Article
    1

    Definitions
	 
	

                              Section
                              1.01.
	Definitions	1
	Section
    1.02. 	References
    to Interest	14

 

Article
2

Issue, Description, Execution, Registration and Exchange of Notes

 

	Section
    2.01. 	Designation
    and Amount	14
	Section
    2.02. 	Form
    of Notes	14
	Section
    2.03. 	Date
    and Denomination of Notes; Payments of Interest and Defaulted Amounts	15
	Section
    2.04. 	Execution,
    Authentication and Delivery of Notes	17
	Section
    2.05. 	Exchange
    and Registration of Transfer of Notes; Restrictions on Transfer; Depositary	17
	Section
    2.06. 	Mutilated,
    Destroyed, Lost or Stolen Notes	24
	Section
    2.07. 	Temporary
    Notes	25
	Section
    2.08. 	Cancellation
    of Notes Paid, Converted, Etc	26
	Section
    2.09. 	CUSIP
    Numbers	26
	Section
    2.10. 	Additional
    Notes; Repurchases	26

 

Article 3 

Satisfaction and Discharge

 

	Section
    3.01. 	Satisfaction
    and Discharge	27

 

Article 4 

Particular Covenants of the Company

 

	Section
    4.01. 	Payment
    of Principal and Interest	27
	Section
    4.02. 	Maintenance
    of Office or Agency	27
	Section
    4.03. 	Appointments
    to Fill Vacancies in Trustee’s Office	28
	Section
    4.04. 	Provisions
    as to Paying Agent	28
	Section
    4.05. 	Existence	30
	Section
    4.06. 	Rule
    144A Information Requirement and Annual Reports	30
	Section
    4.07. 	Stay,
    Extension and Usury Laws	32
	Section
    4.08. 	Compliance
    Certificate; Statements as to Defaults	32
	Section
    4.09. 	Further
    Instruments and Acts	32

 

    	 	i	 

    	 	 	 

    

 

Article 5 

Lists of Holders and Reports by the Company and the Trustee

 

	Section
    5.01. 	Lists
    of Holders	32
	Section
    5.02. 	Preservation
    and Disclosure of Lists	33

 

Article
6

Defaults and Remedies

 

	Section
    6.01. 	Events
    of Default	33
	Section
    6.02.	Acceleration;
    Rescission and Annulment	34
	Section
    6.03.	Additional
    Interest	35
	Section
    6.04. 	Payments
    of Notes on Default; Suit Therefor	36
	Section
    6.05. 	Application
    of Monies Collected by Trustee	38
	Section
    6.06. 	Proceedings
    by Holders	38
	Section
    6.07. 	Proceedings
    by Trustee	39
	Section
    6.08. 	Remedies
    Cumulative and Continuing	40
	Section
    6.09. 	Direction
    of Proceedings and Waiver of Defaults by Majority of Holders	40
	Section
    6.10. 	Notice
    of Defaults	41
	Section
    6.11. 	Undertaking
    to Pay Costs	41

 

Article
7

Concerning the Trustee

 

	Section
    7.01. 	Duties
    and Responsibilities of Trustee	41
	Section
    7.02. 	Reliance
    on Documents, Opinions, Etc	43
	Section
    7.03. 	No
    Responsibility for Recitals, Etc	45
	Section
    7.04. 	Trustee,
    Paying Agents, Conversion Agents, Bid Solicitation Agent or Note Registrar May Own Notes	45
	Section
    7.05. 	Monies
    and Shares of Common Stock to Be Held in Trust	45
	Section
    7.06. 	Compensation
    and Expenses of Trustee	46
	Section
    7.07. 	Officer’s
    Certificate as Evidence	46
	Section
    7.08. 	Eligibility
    of Trustee	47
	Section
    7.09. 	Resignation
    or Removal of Trustee	47
	Section
    7.10. 	Acceptance
    by Successor Trustee	48
	Section
    7.11. 	Succession
    by Merger, Etc	49
	Section
    7.12. 	Trustee’s
    Application for Instructions from the Company	49

 

Article
8

Concerning the Holders

 

	Section
    8.01. 	Action
    by Holders	50
	Section
    8.02. 	Proof
    of Execution by Holders	50
	Section
    8.03. 	Who
    Are Deemed Absolute Owners	50
	Section
    8.04. 	Company-Owned
    Notes Disregarded	51
	Section
    8.05. 	Revocation
    of Consents; Future Holders Bound	51

 

    	 	ii	 

    	 	 	 

    

 

Article 9 

Holders’ Meetings

 

	Section
    9.01. 	Purpose
    of Meetings	51
	Section
    9.02. 	Call
    of Meetings by Trustee	52
	Section
    9.03. 	Call
    of Meetings by Company or Holders	52
	Section
    9.04. 	Qualifications
    for Voting	52
	Section
    9.05. 	Regulations	52
	Section
    9.06. 	Voting	53
	Section
    9.07. 	No
    Delay of Rights by Meeting	53

 

Article 10 

Supplemental Indentures

 

	Section
    10.01. 	Supplemental
    Indentures Without Consent of Holders	54
	Section
    10.02. 	Supplemental
    Indentures with Consent of Holders	55
	Section
    10.03. 	Effect
    of Supplemental Indentures	56
	Section
    10.04. 	Notation
    on Notes	56
	Section
    10.05. 	Evidence
    of Compliance of Supplemental Indenture to Be Furnished Trustee	56

 

Article
11

Consolidation, Merger, Sale, Conveyance and Lease

 

	Section
    11.01. 	Company
    May Consolidate, Etc. on Certain Terms	57
	Section
    11.02. 	Successor
    Corporation to Be Substituted	57

 

Article
12

Immunity of Incorporators, Stockholders, Officers and Directors

 

	Section
    12.01. 	Indenture
    and Notes Solely Corporate Obligations	58

 

Article
13

Intentionally Omitted

 

Article
14

Conversion of Notes

 

	Section
    14.01. 	Conversion
    Privilege	58
	Section
    14.02. 	Conversion
    Procedure; Settlement Upon Conversion.	62
	Section
    14.03. 	Increased
    Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes or During a Redemption
    Period	67
	Section
    14.04. 	Adjustment
    of Conversion Rate	70
	Section
    14.05. 	Adjustments
    of Prices	80
	Section
    14.06. 	Shares
    to Be Fully Paid	80

 

    	 	iii	 

    	 	 	 

    

 

	Section
    14.07. 	Effect
    of Recapitalizations, Reclassifications and Changes of the Common Stock.	80
	Section
    14.08. 	Certain
    Covenants	82
	Section
    14.09. 	Responsibility
    of Trustee	83
	Section
    14.10. 	Notice
    to Holders Prior to Certain Actions	83
	Section
    14.11. 	Stockholder
    Rights Plans	84
	Section
    14.12. 	Exchange
    In Lieu Of Conversion	84

 

Article
15

Repurchase of Notes at Option of Holders

 

	Section
    15.01. 	Intentionally
    Omitted.	85
	Section
    15.02. 	Repurchase
    at Option of Holders Upon a Fundamental Change	85
	Section
    15.03. 	Withdrawal
    of Fundamental Change Repurchase Notice	88
	Section
    15.04. 	Deposit
    of Fundamental Change Repurchase Price	88
	Section
    15.05.	Covenant
    to Comply with Applicable Laws Upon Repurchase of Notes	89

 

Article
16

Optional Redemption

 

	Section
    16.01.	Optional
    Redemption	89
	Section
    16.02.	Notice
    of Optional Redemption; Selection of Notes	90
	Section
    16.03.	Payment
    of Notes Called for Redemption	91
	Section
    16.04.	Restrictions
    on Redemption	91

 

Article
17

Miscellaneous Provisions

 

	Section
    17.01. 	Provisions
    Binding on Company’s Successors	92
	Section
    17.02. 	Official
    Acts by Successor Corporation	92
	Section
    17.03. 	Addresses
    for Notices, Etc	92
	Section
    17.04. 	Governing
    Law; Jurisdiction	93
	Section
    17.05. 	Evidence
    of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee	93
	Section
    17.06. 	Legal
    Holidays	94
	Section
    17.07. 	No
    Security Interest Created	94
	Section
    17.08. 	Benefits
    of Indenture	94
	Section
    17.09. 	Table
    of Contents, Headings, Etc	94
	Section
    17.10. 	Authenticating
    Agent	94
	Section
    17.11. 	Execution
    in Counterparts	95
	Section
    17.12. 	Severability	96
	Section
    17.13. 	Waiver
    of Jury Trial	96
	Section
    17.14. 	Force
    Majeure	96
	Section
    17.15. 	Calculations	96
	Section
    17.16.	U.S.A.
    Patriot Act	96

 

EXHIBIT

 

	Exhibit
    A	Form
    of Note	A-1

 

    	 	iv	 

    	 	 	 

    

 

INDENTURE,
dated as of February 2, 2021, between FUBOTV INC., a Delaware corporation, as issuer (the “Company”, as more
fully set forth in Section 1.01) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”,
as more fully set forth in Section 1.01).

 

W
I T N E S S E T H:

 

WHEREAS,
for its lawful corporate purposes, the Company has duly authorized the issuance of its 3.25% Convertible Senior Notes due 2026
(the “Notes”), initially in an aggregate principal amount not to exceed $402,500,000 and in order to provide
the terms and conditions upon which the Notes are to be authenticated, issued and delivered, the Company has duly authorized the
execution and delivery of this Indenture; and

 

WHEREAS,
the Form of Note, the certificate of authentication to be borne by each Note, the Form of Notice of Conversion, the Form of Fundamental
Change Repurchase Notice and the Form of Assignment and Transfer to be borne by the Notes are to be substantially in the forms
hereinafter provided; and

 

WHEREAS,
all acts and things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee or
a duly authorized authenticating agent, as in this Indenture provided, the valid, binding and legal obligations of the Company,
and this Indenture a valid agreement according to its terms, have been done and performed, and the execution of this Indenture
and the issuance hereunder of the Notes have in all respects been duly authorized.

 

NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

 

That
in order to declare the terms and conditions upon which the Notes are, and are to be, authenticated, issued and delivered, and
in consideration of the premises and of the purchase and acceptance of the Notes by the Holders thereof, the Company covenants
and agrees with the Trustee for the equal and proportionate benefit of the respective Holders from time to time of the Notes (except
as otherwise provided below), as follows:

 

Article
1

Definitions

 

Section
1.01. Definitions. The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless the
context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section 1.01. The words “herein,” “hereof,” “hereunder,” and words
of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms
defined in this Article include the plural as well as the singular.

 

    	 	1	 

    	 	 	 

    

 

“Additional
Interest” means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.

 

“Additional
Shares” shall have the meaning specified in Section 14.03(a).

 

“Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For the purposes of this definition, “control,” when used with respect
to any specified Person means the power to direct or cause the direction of the management and policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative to the foregoing. Notwithstanding anything to the contrary herein, the
determination of whether one Person is an “Affiliate” of another Person for purposes of this Indenture shall be made
based on the facts at the time such determination is made or required to be made, as the case may be, hereunder.

 

“Bid
Solicitation Agent” means the Company or the Person appointed by the Company to solicit bids for the Trading Price of
the Notes in accordance with Section 14.01(b)(i). The Company shall initially act as the Bid Solicitation Agent.

 

“Board
of Directors” means the board of directors of the Company or a committee of such board duly authorized to act for it
hereunder.

 

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

 

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

 

“Capital
Stock” means, for any entity, any and all shares, interests, rights to purchase, warrants, options, participations or
other equivalents of or interests in (however designated) stock issued by that entity, but shall not include any debt securities
convertible into or exchangeable for any securities otherwise constituting Capital Stock pursuant to this definition.

 

“Cash
Settlement” shall have the meaning specified in Section 14.02(a).

 

“Clause
A Distribution” shall have the meaning specified in Section 14.04(c).

 

“Clause
B Distribution” shall have the meaning specified in Section 14.04(c).

 

“Clause
C Distribution” shall have the meaning specified in Section 14.04(c).

 

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

 

    	 	2	 

    	 	 	 

    

 

“Combination
Settlement” shall have the meaning specified in Section 14.02(a).

 

“Commission”
means the U.S. Securities and Exchange Commission.

 

“Common
Equity” of any Person means Capital Stock of such Person that is generally entitled (a) to vote in the election of directors
of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing
body, partners, managers or others that will control the management or policies of such Person.

 

“Common
Stock” means the common stock of the Company, par value $0.0001 per share, at the date of this Indenture, subject to
Section 14.07.

 

“Company”
shall have the meaning specified in the first paragraph of this Indenture, and subject to the provisions of Article 11, shall
include its successors and assigns.

 

“Company
Order” means a written order of the Company, signed by any of its Officers, and delivered to the Trustee.

 

“Conversion
Agent” shall have the meaning specified in Section 4.02.

 

“Conversion
Consideration” shall have the meaning specified in Section 14.12(a).

 

“Conversion
Date” shall have the meaning specified in Section 14.02(c).

 

“Conversion
Obligation” shall have the meaning specified in Section 14.01(a).

 

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

 

“Conversion
Rate” shall have the meaning specified in Section 14.01(a).

 

“Corporate
Event” shall have the meaning specified in Section 14.01(b)(iii).

 

“Corporate
Trust Office” means the designated office of the Trustee at which at any time this Indenture shall be administered,
which office at the date hereof is located at 1 California Street, Suite 1000, San Francisco, CA 94111, Attention: D. Jason (fuboTV
Inc. 3.25% Convertible Senior Notes due 2026), or such other address as the Trustee may designate from time to time by notice
to the Holders and the Company, or the designated corporate trust office of any successor trustee (or such other address as such
successor trustee may designate from time to time by notice to the Holders and the Company).

 

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

 

    	 	3	 

    	 	 	 

    

 

“Daily
Conversion Value” means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of
the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

 

“Daily
Measurement Value” means the Specified Dollar Amount (if any), divided by 40.

 

“Daily
Settlement Amount,” for each of the 40 consecutive Trading Days during the relevant Observation Period, shall consist
of:

 

(a)
cash in an amount equal to the lesser of (i) the Daily Measurement Value and (ii) the Daily Conversion Value on such Trading Day;
and

 

(b)
if the Daily Conversion Value on such Trading Day exceeds the Daily Measurement Value, a number of shares of Common Stock equal
to (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP
for such Trading Day.

 

“Daily
VWAP” means the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP”
on Bloomberg page “FUBO <equity> AQR” (or its equivalent successor if such page is not available) in respect
of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading
Day (or if such volume-weighted average price is unavailable, the market value of one share of the Common Stock on such Trading
Day reasonably determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm
retained for this purpose by the Company). The “Daily VWAP” shall be determined without regard to after-hours
trading or any other trading outside of the regular trading session trading hours.

 

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

 

“Defaulted
Amounts” means any amounts on any Note (including, without limitation, the Redemption Price, the Fundamental Change
Repurchase Price, principal and interest) that are payable but are not punctually paid or duly provided for.

 

“delivered”
with respect to any notice to be delivered, given or mailed to a Holder pursuant to this Indenture, shall mean notice (x) given
to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic
mail in accordance with accepted practices or procedures at the Depositary (in the case of a Global Note) or (y) mailed to such
Holder by first class mail, postage prepaid, at its address as it appears on the Note Register, in each case in accordance with
Section 17.03. Notice so “delivered” shall be deemed to include any notice to be “mailed” or “given,”
as applicable, under this Indenture.

 

“Depositary”
means, with respect to each Global Note, the Person specified in Section 2.05(c) as the Depositary with respect to such Notes,
until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and thereafter,
“Depositary” shall mean or include such successor.

 

    	 	4	 

    	 	 	 

    

 

“Designated
Institution” shall have the meaning specified in Section 14.12(a).

 

“Distributed
Property” shall have the meaning specified in Section 14.04(c).

 

“Effective
Date” shall have the meaning specified in Section 14.03(c), except that, as used in Section 14.04 and Section 14.05,
“Effective Date” means the first date on which shares of the Common Stock trade on the applicable exchange
or in the applicable market, regular way, reflecting the relevant share split or share combination, as applicable (provided
that, for the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of shares
of the Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way” for purposes
of this definition).

 

“Event
of Default” shall have the meaning specified in Section 6.01.

 

“Ex-Dividend
Date” means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable
market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if
applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by
such exchange or market. For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in
respect of shares of Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way”
for this purpose.

 

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

 

“Exchange
Election” shall have the meaning specified in Section 14.12(a).

 

“Form
of Assignment and Transfer” shall mean the “Form of Assignment and Transfer” attached as Attachment 3 to
the Form of Note attached hereto as Exhibit A.

 

“Form
of Fundamental Change Repurchase Notice” shall mean the “Form of Fundamental Change Repurchase Notice” attached
as Attachment 2 to the Form of Note attached hereto as Exhibit A.

 

“Form
of Note” shall mean the “Form of Note” attached hereto as Exhibit A.

 

“Form
of Notice of Conversion” shall mean the “Form of Notice of Conversion” attached as Attachment 1 to the Form
of Note attached hereto as Exhibit A.

 

    	 	5	 

    	 	 	 

    

 

“Fundamental
Change” shall be deemed to have occurred at the time after the Notes are originally issued if any of the following occurs
prior to the Maturity Date:

 

(a)
a “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company,
its Wholly-Owned Subsidiaries and the employee benefit plans of the Company and its Wholly-Owned Subsidiaries, files a Schedule
TO (or any successor schedule, form or report) or any schedule, form or report under the Exchange Act disclosing that such person
or group has become the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of
Common Stock representing more than 50% of the voting power of the Common Stock; provided that no person or group shall
be deemed to be the beneficial owner of any securities tendered pursuant to a tender or exchange offer made by or on behalf of
such “person” or “group” until such tendered securities are accepted for purchase or exchange under such
offer;

 

(b)
the consummation of (A) any recapitalization, reclassification or change of the Common Stock (other than changes resulting from
a subdivision , a combination or a change in par value) as a result of which the Common Stock would be converted into, or exchanged
for, stock, other securities, other property or assets; (B) any share exchange, consolidation or merger of the Company pursuant
to which all of the Common Stock will be converted into cash, securities or other property or assets; or (C) any sale, lease or
other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the Company
and its Subsidiaries, taken as a whole, to any Person other than one or more of the Company’s Wholly-Owned Subsidiaries;
provided, however, that a transaction described in clause (A) or (B) in which the holders of all classes of the Company’s
Common Equity immediately prior to such transaction own, directly or indirectly, more than 50% of all classes of Common Equity
of the continuing or surviving corporation or transferee or the parent thereof immediately after such transaction in substantially
the same proportions (relative to each other) as such ownership immediately prior to such transaction shall not be a Fundamental
Change pursuant to this clause (b);

 

(c)
the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; or

 

(d)
the Common Stock (or other Common Equity underlying the Notes) ceases to be listed or quoted on any of The New York Stock Exchange,
The Nasdaq Global Select Market or The Nasdaq Global Market (or any of their respective successors);

 

    	 	6	 

    	 	 	 

    

 

provided,
however, that a transaction or transactions described in clauses (a) or (b) above shall not constitute a Fundamental Change
if at least 90% of the consideration received or to be received by the common stockholders of the Company, excluding cash payments
for fractional shares and cash payments made in respect of dissenters’ appraisal rights, in connection with such transaction
or transactions consists of shares of common stock or other Common Equity that are listed or quoted on any of The New York Stock
Exchange, The Nasdaq Global Select Market or The Nasdaq Global Market (or any of their respective successors) or will be so listed
or quoted when issued or exchanged in connection with such transaction or transactions and as a result of such transaction or
transactions such consideration becomes Reference Property for the Notes, excluding cash payments for fractional shares and cash
payments made in respect of dissenters’ appraisal rights (subject to the provisions of Section 14.07). If any Merger Event
in which the Common Stock is replaced by the common stock of another entity occurs, following completion of any related Make-Whole
Fundamental Change Period (or, in the case of a transaction that would have been a Fundamental Change or a Make-Whole Fundamental
Change but for the proviso immediately following clause (d) of the definition thereof, following the effective date of such transaction)
references to the Company in this definition shall instead be references to such other entity.

 

For
purposes of this definition of “Fundamental Change,” any transaction or series of transactions that constitutes a
Fundamental Change pursuant to both clause (a) and clause (b) of this definition (without giving effect to the proviso in clause
(b)) shall be deemed a Fundamental Change solely under clause (b) of this definition (subject to the proviso in clause (b)).

 

“Fundamental
Change Company Notice” shall have the meaning specified in Section 15.02(c).

 

“Fundamental
Change Repurchase Date” shall have the meaning specified in Section 15.02(a).

 

“Fundamental
Change Repurchase Notice” shall have the meaning specified in Section 15.02(b)(i).

 

“Fundamental
Change Repurchase Price” shall have the meaning specified in Section 15.02(a).

 

“Global
Note” shall have the meaning specified in Section 2.05(b).

 

“Holder,”
as applied to any Note, or other similar terms (but excluding the term “beneficial holder”), shall mean any Person
in whose name at the time a particular Note is registered on the Note Register.

 

“Indenture”
means this instrument as originally executed or, if amended or supplemented as herein provided, as so amended or supplemented.

 

“Interest
Payment Date” means each February 15 and August 15 of each year, beginning on August 15, 2021.

 

“Last
Date of Original Issuance” means (a) with respect to any Notes issued pursuant to the Purchase Agreement, dated as of
January 28, 2021, between the Company and Evercore Group L.L.C., as the Initial Purchaser, and any Notes issued in exchange therefor
or in substitution thereof, the initial issuance date of the Notes; and (b) with respect to any additional Notes issued as described
under Section 2.10 and any Notes issued in exchange therefor or in substitution thereof, either (i) the later of (x) the date
such Notes are originally issued and (y) the last date any Notes are originally issued as part of the same offering pursuant to
the exercise of an option granted to the initial purchaser(s) of such Notes to purchase additional Notes; or (ii) such other date
as is specified in an Officer’s Certificate delivered to the Trustee before the original issuance of such Notes.

    	 	7	 

    	 	 	 

    

 

 

“Last
Reported Sale Price” of the Common Stock (or other security for which a closing sale price must be determined) on any
date means the closing sale price per share (or if no closing sale price is reported, the average of the bid and ask prices or,
if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite
transactions for the principal U.S. national or regional securities exchange on which the Common Stock (or such other security)
is traded. If the Common Stock (or such other security) is not listed for trading on a U.S. national or regional securities exchange
on the relevant date, the “Last Reported Sale Price” shall be the last quoted bid price for the Common Stock
(or such other security) in the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or a similar
organization. If the Common Stock (or such other security) is not so quoted, the “Last Reported Sale Price”
shall be the average of the mid-point of the last bid and ask prices for the Common Stock (or such other security) on the relevant
date from each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose.
The “Last Reported Sale Price” shall be determined without regard to after-hours trading or any other trading
outside of regular trading session hours.

 

“Make-Whole
Fundamental Change” means any transaction or event that constitutes a Fundamental Change (as defined above and determined
after giving effect to any exceptions to or exclusions from such definition, but without regard to the proviso in clause
(b) of the definition thereof).

 

“Make-Whole
Fundamental Change Period” shall have the meaning specified in Section 14.03(a).

 

“Market
Disruption Event” means, for the purposes of determining amounts due upon conversion (a) a failure by the primary U.S.
national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading
during its regular trading session or (b) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled
Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension
or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or
otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock.

 

“Maturity
Date” means February 15, 2026.

 

“Measurement
Period” shall have the meaning specified in Section 14.01(b)(i).

 

“Merger
Event” shall have the meaning specified in Section 14.07(a).

 

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

    	 	8	 

    	 	 	 

    

 

 

“Note
Register” shall have the meaning specified in Section 2.05(a).

 

“Note
Registrar” shall have the meaning specified in Section 2.05(a).

 

“Notice
of Conversion” shall have the meaning specified in Section 14.02(b).

 

“Observation
Period” with respect to any Note surrendered for conversion means: (i) subject to clause (ii), if the relevant Conversion
Date occurs prior to November 15, 2025, the 40 consecutive Trading Day period beginning on, and including, the second Trading
Day immediately succeeding such Conversion Date; (ii) if the relevant Conversion Date occurs on or after the date of the Company’s
issuance of a Redemption Notice with respect to the Notes pursuant to ‎Section 16.02 and prior to the relevant Redemption
Date (as such Redemption Date may be extended), the 40 consecutive Trading Days beginning on, and including, the 41st Scheduled
Trading Day immediately preceding such Redemption Date; and (iii) subject to clause (ii), if the relevant Conversion Date occurs
on or after November 15, 2025, the 40 consecutive Trading Days beginning on, and including, the 41st Scheduled Trading Day immediately
preceding the Maturity Date.

 

“Offering
Memorandum” means the preliminary offering memorandum dated January 28, 2021 as supplemented by the related pricing
term sheet dated January 28, 2021, relating to the offering and sale of the Notes.

 

“Officer”
means, with respect to the Company, the Chief Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, General
Counsel, the Treasurer, the Secretary, or any President or Vice President (whether or not designated by a number or numbers or
word or words added before or after the title “President” or “Vice President”).

 

“Officer’s
Certificate,” when used with respect to the Company, means a certificate that is delivered to the Trustee and that is
signed by an Officer of the Company. Each such certificate shall include the statements provided for in Section 17.05 if and to
the extent required by the provisions of such Section. The Officer giving an Officer’s Certificate pursuant to Section 4.08
shall be the principal executive, financial or accounting officer of the Company.

 

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

 

“Opinion
of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or counsel to the Company,
or other counsel who is reasonably acceptable to the Trustee, that is delivered to the Trustee, which opinion may contain customary
exceptions and qualifications as to the matters set forth therein. Each such opinion shall include the statements provided for
in Section 17.05 if and to the extent required by the provisions of such Section 17.05.

 

“Optional
Redemption” shall have the meaning specified in ‎Section 16.01.

 

    	 	9	 

    	 	 	 

    

 

“outstanding,”
when used with reference to Notes, shall, subject to the provisions of Section 8.04, mean, as of any particular time, all Notes
authenticated and delivered by the Trustee under this Indenture, except:

 

(a)
Notes theretofore canceled by the Trustee or accepted by the Trustee for cancellation;

 

(b)
Notes, or portions thereof, that have become due and payable and in respect of which monies in the necessary amount shall have
been deposited in trust with the Trustee or with any Paying Agent (other than the Company) or shall have been set aside and segregated
in trust by the Company (if the Company shall act as its own Paying Agent);

 

(c)
Notes that have been paid pursuant to Section 2.06 or Notes in lieu of which, or in substitution for which, other Notes shall
have been authenticated and delivered pursuant to the terms of Section 2.06 unless proof satisfactory to the Trustee is presented
that any such Notes are held by protected purchasers in due course;

 

(d)
Notes converted pursuant to Article 14 and required to be cancelled pursuant to Section 2.08; and

 

(e)
Notes redeemed pursuant to ‎Article 16.

 

“Paying
Agent” shall have the meaning specified in Section 4.02.

 

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

 

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

 

“Physical
Settlement” shall have the meaning specified in Section 14.02(a).

 

“Predecessor
Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced
by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.06 in
lieu of or in exchange for a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated,
lost, destroyed or stolen Note that it replaces.

 

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

 

    	 	10	 

    	 	 	 

    

 

“Redemption
Date” shall have the meaning specified in Section 16.02(a).

 

“Redemption
Notice” shall have the meaning specified in Section 16.02(a).

 

“Redemption
Notice Date” means the date on which a Redemption Notice is delivered pursuant to Section 16.02.

 

“Redemption
Period” means the period from, and including, the relevant Redemption Notice Date until the close of business on the
second Scheduled Trading Day immediately preceding the related Redemption Date (or, if the Company defaults in the payment of
the Redemption Price, until the close of business on the Trading Day immediately preceding the date on which the Redemption Price
has been paid or duly provided for).

 

“Redemption
Price” means, for any Notes to be redeemed pursuant to Section 16.01, 100% of the principal amount of such Notes, plus
accrued and unpaid interest, if any, to, but excluding, the Redemption Date (unless the Redemption Date falls after a Regular
Record Date but on or prior to the immediately succeeding Interest Payment Date, in which case interest accrued to the Interest
Payment Date will be paid by the Company to Holders of record of such Notes as of the close of Business on such Regular Record
Date, and the Redemption Price will be equal to 100% of the principal amount of such Notes).

 

“Reference
Property” shall have the meaning specified in Section 14.07(a).

 

“Regular
Record Date,” with respect to any Interest Payment Date, shall mean the February 1 or August 1 (whether or not such
day is a Business Day) immediately preceding the applicable February 15 and August 15 Interest Payment Date, respectively.

 

“Resale
Restriction Termination Date” shall have the meaning specified in Section 2.05(c).

 

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

 

“Restricted
Securities” shall have the meaning specified in Section 2.05(c).

 

“Rule
144” means Rule 144 as promulgated under the Securities Act.

 

    	 	11	 

    	 	 	 

    

 

“Rule
144A” means Rule 144A as promulgated under the Securities Act.

 

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

 

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

 

“Settlement
Amount” has the meaning specified in Section 14.02(a)(iv).

 

“Settlement
Method” means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement,
as elected (or deemed to have been elected) by the Company.

 

“Settlement
Method Election Deadline” has the meaning specified in Section 14.02(a)(iii).

 

“Settlement
Notice” has the meaning specified in Section 14.02(a)(iii).

 

“Significant
Subsidiary” means a Subsidiary of the Company that is a “significant subsidiary” as defined in Article 1,
Rule 1-02(w) of Regulation S-X under the Exchange Act promulgated by the Commission; provided that, in the case of a Subsidiary
of the Company that meets the criteria of clause (3) of the definition thereof but not clause (1) or (2) thereof, in each case
as such rule is in effect on the initial issuance date of the Notes, such Subsidiary shall not be deemed to be a Significant Subsidiary
unless such Subsidiary’s income from continuing operations before income taxes, exclusive of amounts attributable to any
non-controlling interests for the last completed fiscal year prior to the date of such determination exceeds $15,000,000 (with
such amount calculated pursuant to Rule 1-02(w) as in effect on the initial issuance date of the Notes). For the avoidance of
doubt, for purposes of this definition, to the extent any such Subsidiary would not be deemed to be a “significant subsidiary”
under the relevant definition set forth in Rule 1-02(w) of Regulation S-X (or any successor rule) as in effect on the relevant
date of determination, such Subsidiary shall not be deemed to be a “Significant Subsidiary” hereunder irrespective
of whether such Subsidiary would otherwise be deemed to be a “Significant Subsidiary” after giving effect to the proviso
in the immediately preceding sentence.

 

“Specified
Dollar Amount” means the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion as
specified in the Settlement Notice related to any converted Notes (or deemed specified pursuant to Section 14.02(a)).

 

“Spin-Off”
shall have the meaning specified in Section 14.04(c).

 

“Stock
Price” shall have the meaning specified in Section 14.03(c).

 

    	 	12	 

    	 	 	 

    

 

“Subsidiary”
means, with respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of
the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard
to the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees thereof is
at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of
such Person; or (iii) one or more Subsidiaries of such Person.

 

“Successor
Company” shall have the meaning specified in Section 11.01(a).

 

“Trading
Day” means, except for purposes determining amounts due upon conversion as set forth below, a day on which (i) trading
in the Common Stock (or other security for which a closing sale price must be determined) generally occurs on The New York Stock
Exchange or, if the Common Stock (or such other security) is not then listed on The New York Stock Exchange, on the principal
other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the
Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal
other market on which the Common Stock (or such other security) is then traded and (ii) a Last Reported Sale Price for the Common
Stock (or closing sale price for such other security) is available on such securities exchange or market; provided that
if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day;
and provided, further, that for purposes of determining amounts due upon conversion only, “Trading Day”
means a day on which (x) there is no Market Disruption Event and (y) trading in the Common Stock generally occurs on The New York
Stock Exchange or, if the Common Stock is not then listed on The New York Stock Exchange, on the principal other U.S. national
or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S.
national or regional securities exchange, on the principal other market on which the Common Stock is then listed or admitted for
trading, except that if the Common Stock is not so listed or admitted for trading, “Trading Day” means a Business
Day.

 

“Trading
Price” of the Notes on any date of determination means the average of the secondary market bid quotations obtained by
the Bid Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination
date from three independent nationally recognized securities dealers the Company selects for this purpose; provided that
if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average
of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid
shall be used. If, on any determination date, the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000
principal amount of Notes on such date from a nationally recognized securities dealer, then the Trading Price per $1,000 principal
amount of Notes on such determination date shall be deemed to be less than 98% of the product of the Last Reported Sale Price
of the Common Stock and the Conversion Rate.

 

“transfer”
shall have the meaning specified in Section 2.05(c).

 

    	 	13	 

    	 	 	 

    

 

“Trigger
Event” shall have the meaning specified in Section 14.04(c).

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended.

 

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

 

“unit
of Reference Property” shall have the meaning specified in Section 14.07(a).

 

“Valuation
Period” shall have the meaning specified in Section 14.04(c).

 

“Wholly-Owned
Subsidiary” means, with respect to any Person, any direct or indirect Subsidiary of such Person, except that, solely
for purposes of this definition, the reference to “more than 50%” in the definition of “Subsidiary” shall
be deemed replaced by a reference to “100%,” the calculation of which shall exclude nominal amounts of the voting
power of shares of Capital Stock or other interests in the relevant Subsidiary not held by such Person to the extent required
to satisfy local minority interest requirements outside of the United States.

 

Section
1.02. References to Interest. Unless the context otherwise requires, any reference to interest on, or in respect of, any
Note in this Indenture shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would
be payable pursuant to any of Section 4.06(d), Section 4.06(e) and Section 6.03. Unless the context otherwise requires, any express
mention of Additional Interest in any provision hereof shall not be construed as excluding Additional Interest in those provisions
hereof where such express mention is not made.

 

Article
2

Issue, Description, Execution, Registration and Exchange of Notes

 

Section
2.01. Designation and Amount. The Notes shall be designated as the “3.25% Convertible Senior Notes due 2026.”
The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is initially limited to $402,500,000,
subject to Section 2.10 and except for Notes authenticated and delivered upon registration or transfer of, or in exchange for,
or in lieu of other Notes to the extent expressly permitted hereunder.

 

Section
2.02. Form of Notes. The Notes and the Trustee’s certificate of authentication to be borne by such Notes shall be
substantially in the respective forms set forth in Exhibit A, the terms and provisions of which shall constitute, and are hereby
expressly incorporated in and made a part of this Indenture. To the extent applicable, the Company and the Trustee, by their execution
and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. In the case of any conflict
between this Indenture and a Note, the provisions of this Indenture shall control and govern to the extent of such conflict.

 

    	 	14	 

    	 	 	 

    

 

Any
Global Note may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent
with the provisions of this Indenture as may be required by the Custodian or the Depositary, or as may be required to comply with
any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange or automated quotation
system upon which the Notes may be listed or traded or designated for issuance or to conform with any usage with respect thereto,
or to indicate any special limitations or restrictions to which any particular Notes are subject.

 

Any
of the Notes may have such letters, numbers or other marks of identification and such notations, legends or endorsements as the
Officer executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent
with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant
thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed
or designated for issuance, or to conform to usage or to indicate any special limitations or restrictions to which any particular
Notes are subject.

 

Each
Global Note shall represent such principal amount of the outstanding Notes as shall be specified therein and shall provide that
it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate
principal amount of outstanding Notes represented thereby may from time to time be increased or reduced to reflect redemptions,
repurchases, cancellations, conversions, transfers or exchanges permitted hereby. Any endorsement of a Global Note to reflect
the amount of any increase or decrease in the amount of outstanding Notes represented thereby shall be made by the Trustee or
the Custodian, at the direction of the Trustee, in such manner and upon instructions given by the Holder of such Notes in accordance
with this Indenture. Payment of principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable)
of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless
a record date or other means of determining Holders eligible to receive payment is provided for herein.

 

Section
2.03. Date and Denomination of Notes; Payments of Interest and Defaulted Amounts. (a) The Notes shall be issuable in registered
form without coupons in minimum denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated
the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the
Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis
of the number of days actually elapsed in a 30-day month.

 

(b)
The Person in whose name any Note (or its Predecessor Note) is registered on the Note Register at the close of business on any
Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest
Payment Date. The Company shall pay (or cause the Paying Agent to pay) the principal amount of any Note (x) in the case of any
Physical Note, at the office or agency of the Company designated by the Company for such purposes in the United States of America,
which shall initially be the Corporate Trust Office and (y) in the case of any Global Note, by wire transfer of immediately available
funds to the account of the Depositary or its nominee. The Company shall pay (or cause the Paying Agent to pay) interest (i) on
any Physical Notes (A) to Holders holding Physical Notes having an aggregate principal amount of $5,000,000 or less, by check
mailed to the Holders of these Notes at their address as it appears in the Note Register and (B) to Holders holding Physical Notes
having an aggregate principal amount of more than $5,000,000, either by check mailed to each such Holder or, upon application
by such a Holder to the Note Registrar (containing the requisite information for the Trustee or Paying Agent to make such wire
transfer) not later than the relevant Regular Record Date, by wire transfer in immediately available funds to that Holder’s
account within the United States of America if such Holder has provided the Company, the Trustee or the Paying Agent (if other
than the Trustee) with the requisite information necessary to make such wire transfer, which application shall remain in effect
until the Holder notifies, in writing, the Note Registrar to the contrary or (ii) on any Global Note by wire transfer of immediately
available funds to the account of the Depositary or its nominee.

 

    	 	15	 

    	 	 	 

    

 

(c)
Any Defaulted Amounts shall forthwith cease to be payable to the Holder on the relevant payment date but shall accrue interest
per annum at the rate borne by the Notes from, and including, such relevant payment date, and such Defaulted Amounts together
with such interest thereon shall be paid by the Company, at its election in each case, as provided in clause (i) or (ii) below:

 

(i)
The Company may elect to make payment of any Defaulted Amounts to the Persons in whose names the Notes (or their respective Predecessor
Notes) are registered at the close of business on a special record date for the payment of such Defaulted Amounts, which shall
be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of the Defaulted Amounts proposed
to be paid on each Note and the date of the proposed payment (which shall be not less than 25 days after the receipt by the Trustee
of such notice, unless the Trustee shall consent to an earlier date), and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Amounts or shall make arrangements
satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be
held in trust for the benefit of the Persons entitled to such Defaulted Amounts as in this clause provided. Thereupon the Company
shall fix a special record date for the payment of such Defaulted Amounts which shall be not more than 15 days and not less than
10 days prior to the date of the proposed payment, and not less than 10 days after the receipt by the Trustee of the notice of
the proposed payment (unless the Trustee shall consent to an earlier date). The Company shall promptly notify the Trustee in writing
of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed
payment of such Defaulted Amounts and the special record date therefor to be delivered to each Holder at its address as it appears
in the Note Register, or by electronic means to the Depositary in the case of Global Notes, not less than 10 days prior to such
special record date. Notice of the proposed payment of such Defaulted Amounts and the special record date therefor having been
so delivered, such Defaulted Amounts shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes)
are registered at the close of business on such special record date and shall no longer be payable pursuant to the following clause
(ii) of this Section 2.03(c). The Trustee shall have no responsibility whatsoever for the calculation of the Defaulted Amounts.

 

    	 	16	 

    	 	 	 

    

 

(ii)
The Company may make payment of any Defaulted Amounts in any other lawful manner not inconsistent with the requirements of any
securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice
as may be required by such exchange or automated quotation system, if, after written notice given by the Company to the Trustee
of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

 

Section
2.04. Execution, Authentication and Delivery of Notes. The Notes shall be signed in the name and on behalf of the Company
by the manual or facsimile or other electronic signature of any of its Chief Executive Officer, President, Chief Financial Officer,
Treasurer, Secretary or any of its Executive or Senior Vice Presidents.

 

At
any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the
Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and
the Trustee in accordance with such Company Order shall authenticate and deliver such Notes, without any further action by the
Company hereunder; provided that, as set forth in Section 17.05, the Trustee shall be entitled to receive an Officer’s Certificate
and an Opinion of Counsel of the Company with respect to the issuance, authentication and delivery of such Notes.

 

Only
such Notes as shall bear thereon a certificate of authentication substantially in the form set forth on the Form of Note attached
as Exhibit A hereto, executed manually by an authorized signatory of the Trustee (or an authenticating agent appointed by the
Trustee as provided by Section 17.10), shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose.
Such certificate by the Trustee (or such an authenticating agent) upon any Note executed by the Company shall be conclusive evidence
that the Note so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits
of this Indenture.

 

In
case any Officer of the Company who shall have signed any of the Notes shall cease to be such Officer before the Notes so signed
shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Notes nevertheless may be authenticated
and delivered or disposed of as though the Person who signed such Notes had not ceased to be such Officer of the Company; and
any Note may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Note, shall be
the Officers of the Company, although at the date of the execution of this Indenture any such Person was not such an Officer.

 

Section
2.05. Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary. (a) The Company shall cause
to be kept at the Corporate Trust Office a register (the register maintained in such office or in any other office or agency of
the Company designated pursuant to Section 4.02, the “Note Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Notes and of transfers of Notes. Such register
shall be in written form or in any form capable of being converted into written form within a reasonable period of time. The Trustee
is hereby initially appointed the “Note Registrar” for the purpose of registering Notes and transfers of Notes
as herein provided. The Company may appoint one or more co-Note Registrars in accordance with Section 4.02.

 

    	 	17	 

    	 	 	 

    

 

Upon
surrender for registration of transfer of any Note to the Note Registrar or any co-Note Registrar, and satisfaction of the requirements
for such transfer set forth in this Section 2.05, the Company shall execute, and the Trustee shall authenticate and deliver, in
the name of the designated transferee or transferees, one or more new Notes of any authorized denominations and of a like aggregate
principal amount and bearing such restrictive legends as may be required by this Indenture.

 

Notes
may be exchanged for other Notes of any authorized denominations and of a like aggregate principal amount, upon surrender of the
Notes to be exchanged at any such office or agency maintained by the Company pursuant to Section 4.02. Whenever any Notes are
so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Notes that the Holder
making the exchange is entitled to receive, bearing registration numbers not contemporaneously outstanding.

 

All
Notes presented or surrendered for registration of transfer or for exchange, repurchase or conversion shall (if so required by
the Company, the Trustee, the Note Registrar or any co-Note Registrar) be duly endorsed, or be accompanied by a written instrument
or instruments of transfer in form satisfactory to the Company and duly executed, by the Holder thereof or its attorney-in-fact
duly authorized in writing.

 

No
service charge shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar or the Paying Agent for
any exchange or registration of transfer of Notes, but the Company may require a Holder to pay a sum sufficient to cover any documentary,
stamp or similar issue or transfer tax required in connection therewith as a result of the name of the Holder of new Notes issued
upon such exchange or registration of transfer being different from the name of the Holder of the old Notes surrendered for exchange
or registration of transfer.

 

None
of the Company, the Trustee, the Note Registrar or any co-Note Registrar shall be required to exchange or register a transfer
of (i) any Notes surrendered for conversion or, if a portion of any Note is surrendered for conversion, such portion thereof surrendered
for conversion, (ii) any Notes, or a portion of any Note, surrendered for repurchase (and not withdrawn) in accordance with Article
15 or (iii) any Notes selected for redemption in accordance with Article 16, except the unredeemed portion of any Note being redeemed
in part.

 

All
Notes issued upon any registration of transfer or exchange of Notes in accordance with this Indenture shall be the valid obligations
of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon
such registration of transfer or exchange.

 

    	 	18	 

    	 	 	 

    

 

(b)
So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise required by law, subject to
the fourth paragraph from the end of Section 2.05(c) all Notes shall be represented by one or more Notes in global form (each,
a “Global Note”) registered in the name of the Depositary or the nominee of the Depositary. Each Global Note
shall bear the legend required on a Global Note set forth in Exhibit A hereto. The transfer and exchange of beneficial interests
in a Global Note that does not involve the issuance of a Physical Note shall be effected through the Depositary (but not the Trustee
or the Custodian) in accordance with this Indenture (including the restrictions on transfer set forth herein) and the procedures
of the Depositary therefor.

 

(c)
Every Note that bears or is required under this Section 2.05(c) to bear the legend set forth in this Section 2.05(c) (together
with any Common Stock issued upon conversion of the Notes that is required to bear the legend set forth in Section 2.05(d), collectively,
the “Restricted Securities”) shall be subject to the restrictions on transfer set forth in this Section 2.05(c)
(including those contained in the legend set forth below), unless such restrictions on transfer shall be eliminated or otherwise
waived by written consent of the Company, and the Holder of each such Restricted Security, by such Holder’s acceptance thereof,
agrees to be bound by all such restrictions on transfer. As used in this Section 2.05(c) and Section 2.05(d), the term “transfer”
encompasses any sale, pledge, transfer or other disposition whatsoever of any Restricted Security.

 

Until
the date (the “Resale Restriction Termination Date”) that is the later of (1) the date that is one year after
the Last Date of Original Issuance of the Notes, or such shorter period of time as permitted by Rule 144 or any successor provision
thereto, and (2) such later date, if any, as may be required by applicable law, any certificate evidencing such Note (and all
securities issued in exchange therefor or substitution thereof, other than Common Stock, if any, issued upon conversion thereof,
which shall bear the legend set forth in Section 2.05(d), if applicable) shall bear a legend in substantially the following form
(unless such Notes have been transferred pursuant to a registration statement that has become or been declared effective under
the Securities Act and that continues to be effective at the time of such transfer, or sold pursuant to the exemption from registration
provided by Rule 144 or any similar provision then in force under the Securities Act, or unless otherwise agreed by the Company
in writing, with notice thereof to the Trustee):

 

THIS
SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

 

(1)
REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING
OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND

 

    	 	19	 

    	 	 	 

    

 

(2)
AGREES FOR THE BENEFIT OF FUBOTV INC. (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER
THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST DATE OF ORIGINAL
ISSUANCE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO
AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT:

 

(A)
TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR

 

(B)
PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR

 

(C)
TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR

 

(D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

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

 

No
transfer of any Note prior to the Resale Restriction Termination Date will be registered by the Note Registrar unless the applicable
box on the Form of Assignment and Transfer has been checked.

 

Any
Note (or security issued in exchange or substitution therefor) (i) as to which such restrictions on transfer shall have expired
in accordance with their terms, (ii) that has been transferred pursuant to a registration statement that has become effective
or been declared effective under the Securities Act and that continues to be effective at the time of such transfer or (iii) that
has been sold pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under the
Securities Act, may, upon surrender of such Note for exchange to the Note Registrar in accordance with the provisions of this
Section 2.05, be exchanged for a new Note or Notes, of like tenor and aggregate principal amount, which shall not bear the restrictive
legend required by this Section 2.05(c) and shall not be assigned a restricted CUSIP number. The Company shall be entitled to
instruct the Custodian in writing to so surrender any Global Note as to which any of the conditions set forth in clause (i) through
(iii) of the immediately preceding sentence have been satisfied, and, upon such instruction, the Custodian shall so surrender
such Global Note for exchange; and any new Global Note so exchanged therefor shall not bear the restrictive legend specified in
this Section 2.05(c) and shall not be assigned a restricted CUSIP number. The Company shall promptly notify the Trustee upon the
occurrence of the Resale Restriction Termination Date and promptly after a registration statement, if any, with respect to the
Notes or any Common Stock issued upon conversion of the Notes has been declared effective under the Securities Act. Any exchange
pursuant to the foregoing paragraph shall be in accordance with the applicable procedures of the Depositary.

 

    	 	20	 

    	 	 	 

    

 

Notwithstanding
any other provisions of this Indenture (other than the provisions set forth in this Section 2.05(c)), a Global Note may not be
transferred as a whole or in part except (i) by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a
nominee of such successor Depositary and (ii) for transfers of portions of a Global Note in certificated form made upon request
of a member of, or a participant in, the Depositary (for itself or on behalf of a beneficial owner) by written notice given to
the Trustee by or on behalf of the Depositary in accordance with applicable procedures of the Depositary and in compliance with
this Section 2.05(c).

 

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

 

If
(i) the Depositary notifies the Company at any time that the Depositary is unwilling or unable to continue as depositary for the
Global Notes and a successor depositary is not appointed within 90 days, (ii) the Depositary ceases to be registered as a clearing
agency under the Exchange Act and a successor depositary is not appointed within 90 days or (iii) an Event of Default with respect
to the Notes has occurred and is continuing and, subject to the Depositary’s applicable procedures, a beneficial owner of
any Note requests that its beneficial interest therein be issued as a Physical Note, the Company shall execute, and the Trustee,
upon receipt of an Officer’s Certificate, an Opinion of Counsel and a Company Order for the authentication and delivery
of Notes, shall authenticate and deliver (x) in the case of clause (iii), a Physical Note to such beneficial owner in a principal
amount equal to the principal amount of such Note corresponding to such beneficial owner’s beneficial interest and (y) in
the case of clause (i) or (ii), Physical Notes to each beneficial owner of the related Global Notes (or a portion thereof) in
an aggregate principal amount equal to the aggregate principal amount of such Global Notes in exchange for such Global Notes,
and upon delivery of the Global Notes to the Trustee such Global Notes shall be canceled.

 

Physical
Notes issued in exchange for all or a part of the Global Note pursuant to this Section 2.05(c) shall be registered in such names
and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise,
or, in the case of clause (iii) of the immediately preceding paragraph, the relevant beneficial owner shall instruct the Trustee.
Upon execution and authentication, the Trustee shall deliver such Physical Notes to the Persons in whose names such Physical Notes
are so registered.

 

    	 	21	 

    	 	 	 

    

 

At
such time as all interests in a Global Note have been converted, canceled, redeemed, repurchased upon a Fundamental Change or
transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance with standing procedures and
existing instructions between the Depositary and the Custodian. At any time prior to such cancellation, if any interest in a Global
Note is exchanged for Physical Notes, converted, canceled, redeemed, repurchased upon a Fundamental Change or transferred to a
transferee who receives Physical Notes therefor or any Physical Note is exchanged or transferred for part of such Global Note,
the principal amount of such Global Note shall, in accordance with the standing procedures and instructions existing between the
Depositary and the Custodian, be appropriately reduced or increased, as the case may be, and an endorsement shall be made on such
Global Note, by the Trustee or the Custodian, at the direction of the Trustee, to reflect such reduction or increase.

 

None
of the Company, the Trustee (including in its capacity as Paying Agent) or any agent of the Company or the Trustee shall have
any responsibility or liability for any act or omission of the Depositary or for the payment of amounts to owners of beneficial
interest in a Global Note, for any aspect of the records relating to or payments made on account of beneficial ownership interests
of a Global Note or maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

 

Neither
the Company nor the Trustee shall have any responsibility or liability for any act or omission of the Depositary. All notices
and communications to be given to the Holders and all payments to be made to Holders in respect of the Notes shall be given or
made only to, or upon the order of, the registered Holder(s) (which shall be the Depositary or its nominee in the case of a Global
Note).

 

The
rights of beneficial owners in any Global Note shall be exercised only through the Depositary subject to the Applicable Procedures
of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with
respect to its members, participants and any beneficial owners.

 

(d)
Until the Resale Restriction Termination Date, any stock certificate representing Common Stock issued upon conversion of such
Note shall bear a legend in substantially the following form (unless such Common Stock has been transferred pursuant to a registration
statement that has become or been declared effective under the Securities Act and that continues to be effective at the time of
such transfer, or pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under
the Securities Act, or such Common Stock has been issued upon conversion of a Note that has been transferred pursuant to a registration
statement that has become or been declared effective under the Securities Act and that continues to be effective at the time of
such transfer, or pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under
the Securities Act, or unless otherwise agreed by the Company with written notice thereof to the Trustee and any transfer agent
for the Common Stock):

 

    	 	22	 

    	 	 	 

    

 

THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY
NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF
OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

 

(1)
REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING
OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND

 

(2)
AGREES FOR THE BENEFIT OF FUBOTV INC. (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER
THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST DATE OF ORIGINAL
ISSUE OF THE SERIES OF NOTES UPON THE CONVERSION OF WHICH THIS SECURITY WAS ISSUED OR SUCH SHORTER PERIOD OF TIME AS PERMITTED
BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY
APPLICABLE LAW, EXCEPT:

 

(A)
TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR

 

(B)
PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR

 

(C)
TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR

 

(D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

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

 

Any
such Common Stock (i) as to which such restrictions on transfer shall have expired in accordance with their terms, (ii) that has
been transferred pursuant to a registration statement that has become or been declared effective under the Securities Act and
that continues to be effective at the time of such transfer or (iii) that has been sold pursuant to the exemption from registration
provided by Rule 144 or any similar provision then in force under the Securities Act, may, upon surrender of the certificates
representing such shares of Common Stock for exchange in accordance with the procedures of the transfer agent for the Common Stock,
be exchanged for a new certificate or certificates for a like aggregate number of shares of Common Stock, which shall not bear
the restrictive legend required by this Section 2.05(d).

 

    	 	23	 

    	 	 	 

    

 

(e)
Any Note or Common Stock issued upon the conversion or exchange of a Note that is repurchased or owned by any Affiliate of the
Company (or any Person who was an Affiliate of the Company at any time during the three months preceding) may not be resold by
such Affiliate (or such Person, as the case may be) unless registered under the Securities Act or resold pursuant to an exemption
from the registration requirements of the Securities Act in a transaction that results in such Note or Common Stock, as the case
may be, no longer being a “restricted security” (as defined under Rule 144). The Company may cause any Note that is
repurchased or owned by it to be surrendered to the Trustee for cancellation in accordance with Section 2.08.

 

(f)
The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer
imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers
between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery
of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required
by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements
hereof.

 

(g)
Neither the Trustee nor any agent shall have any responsibility or liability for any actions taken or not taken by the Depositary,
and may assume performance absent written notice to the contrary.

 

Section
2.06. Mutilated, Destroyed, Lost or Stolen Notes. In case any Note shall become mutilated or be destroyed, lost or stolen,
the Company in its discretion may execute, and upon receipt of a Company Order, the Trustee or an authenticating agent appointed
by the Trustee shall authenticate and deliver, a new Note, bearing a registration number not contemporaneously outstanding, in
exchange and substitution for the mutilated Note, or in lieu of and in substitution for the Note so destroyed, lost or stolen.
In every case the applicant for a substituted Note shall furnish to the Company, to the Trustee and, if applicable, to such authenticating
agent such security or indemnity as may be required by them to save each of them harmless from any loss, liability, cost or expense
caused by or connected with such substitution, and, in every case of destruction, loss or theft, the applicant shall also furnish
to the Company, to the Trustee and, if applicable, to such authenticating agent evidence to their satisfaction of the destruction,
loss or theft of such Note and of the ownership thereof.

 

    	 	24	 

    	 	 	 

    

 

The
Trustee or such authenticating agent may authenticate any such substituted Note and deliver the same upon the receipt of such
security or indemnity as the Trustee, the Company and, if applicable, such authenticating agent may require. No service charge
shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar or the Paying Agent upon the issuance
of any substitute Note, but the Company may require a Holder to pay a sum sufficient to cover any documentary, stamp or similar
issue or transfer tax required in connection therewith as a result of the name of the Holder of the new substitute Note being
different from the name of the Holder of the old Note that became mutilated or was destroyed, lost or stolen. In case any Note
that has matured or is about to mature or has been surrendered for required repurchase or is about to be converted in accordance
with Article 14 shall become mutilated or be destroyed, lost or stolen, the Company may, in its sole discretion, instead of issuing
a substitute Note, pay or authorize the payment of or convert or authorize the conversion of the same (without surrender thereof
except in the case of a mutilated Note), as the case may be, if the applicant for such payment or conversion shall furnish to
the Company, to the Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by
them to save each of them harmless for any loss, liability, cost or expense caused by or connected with such substitution, and,
in every case of destruction, loss or theft, evidence satisfactory to the Company, the Trustee and, if applicable, any Paying
Agent or Conversion Agent of the destruction, loss or theft of such Note and of the ownership thereof.

 

Every
substitute Note issued pursuant to the provisions of this Section 2.06 by virtue of the fact that any Note is destroyed, lost
or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Note
shall be found at any time, and shall be entitled to all the benefits of (but shall be subject to all the limitations set forth
in) this Indenture equally and proportionately with any and all other Notes duly issued hereunder. To the extent permitted by
law, all Notes shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to
the replacement, payment, conversion, redemption or repurchase of mutilated, destroyed, lost or stolen Notes and shall preclude
any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect
to the replacement, payment, conversion, redemption or repurchase of negotiable instruments or other securities without their
surrender.

 

Section
2.07. Temporary Notes. Pending the preparation of Physical Notes, the Company may execute and the Trustee or an authenticating
agent appointed by the Trustee shall, upon receipt of a Company Order, authenticate and deliver temporary Notes (printed or lithographed).
Temporary Notes shall be issuable in any authorized denomination, and substantially in the form of the Physical Notes but with
such omissions, insertions and variations as may be appropriate for temporary Notes, all as may be determined by the Company.
Every such temporary Note shall be executed by the Company and authenticated by the Trustee or such authenticating agent upon
the same conditions and in substantially the same manner, and with the same effect, as the Physical Notes. Without unreasonable
delay, the Company shall execute and deliver to the Trustee or such authenticating agent Physical Notes (other than any Global
Note) and thereupon any or all temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office
or agency maintained by the Company pursuant to Section 4.02 and the Trustee or such authenticating agent shall authenticate and
deliver in exchange for such temporary Notes an equal aggregate principal amount of Physical Notes. Such exchange shall be made
by the Company at its own expense and without any charge therefor. Until so exchanged, the temporary Notes shall in all respects
be entitled to the same benefits and subject to the same limitations under this Indenture as Physical Notes authenticated and
delivered hereunder.

 

    	 	25	 

    	 	 	 

    

 

Section
2.08. Cancellation of Notes Paid, Converted, Etc. The Company shall cause all Notes surrendered for the purpose of payment
at maturity, repurchase upon a Fundamental Change, redemption, registration of transfer or exchange or conversion (other than
any Notes exchanged pursuant to Section 14.12), if surrendered to the Company or any of its agents, Subsidiaries or Affiliates,
in each case, that the Company controls, to be surrendered to the Trustee for cancellation. All Notes delivered to the Trustee
shall be canceled promptly by it, in accordance with its customary procedures. Except for Notes surrendered for registration of
transfer or exchange, no Notes shall be authenticated in exchange therefor except as expressly permitted by any of the provisions
of this Indenture. The Trustee shall dispose of canceled Notes in accordance with its customary procedures and, after such disposition,
shall deliver a certificate of such cancellation to the Company upon the Company’s written request.

 

Section
2.09. CUSIP Numbers. The Company in issuing the Notes may use “CUSIP” numbers (if then generally in use), and,
if so, the Trustee shall use “CUSIP” numbers in all notices issued to Holders as a convenience to such Holders; provided
that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the
Notes or on such notice and that reliance may be placed only on the other identification numbers printed on the Notes. The Company
shall promptly notify the Trustee in writing of any change in the “CUSIP” numbers.

 

Section
2.10. Additional Notes; Repurchases. The Company may, without the consent, or notice to, of the Holders and notwithstanding
Section 2.01, reopen this Indenture and issue additional Notes hereunder with the same terms as the Notes initially issued hereunder
(other than differences in the issue date, the issue price, interest accrued prior to the issue date of such additional Notes
and, if applicable, restrictions on transfer in respect of such additional Notes (including pursuant to Section 2.05 hereunder))
in an unlimited aggregate principal amount; provided that if any such additional Notes are not fungible with the Notes
initially issued hereunder for U.S. federal securities law or income tax purposes, such additional Notes shall have one or more
separate CUSIP numbers. Prior to the issuance of any such additional Notes, the Company shall deliver to the Trustee a Company
Order, an Officer’s Certificate and an Opinion of Counsel, such Officer’s Certificate and Opinion of Counsel to cover
such matters required by Section 17.05. In addition, the Company may, to the extent permitted by law, and, without the consent
of Holders, directly or indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes in the
open market or otherwise, whether by the Company or its Subsidiaries or through a privately negotiated transaction or public tender
or exchange offer or through counterparties to private agreements, including by cash-settled swaps or other derivatives. The Company
may, at its option and to the extent permitted by applicable law, reissue, resell or surrender to the Trustee for cancellation
in accordance with Section 2.08 any Notes that the Company may repurchase, in the case of a reissuance or resale, so long as such
Notes do not constitute restricted securities upon such reissuance or resale. Any Notes that the Company may (or is required under
this Indenture to) repurchase will be considered “outstanding” for all purposes under this Indenture (other than,
at any time when such Notes are held by the Company, any of its Subsidiaries or Affiliates or any Subsidiary of any of the Company’s
Affiliates, as set forth in Section 8.04) unless and until such time the Company surrenders them to the Trustee for cancellation
and, upon receipt of a written order from the Company, the Trustee will cancel all Notes so surrendered.

 

    	 	26	 

    	 	 	 

    

 

Article
3

Satisfaction and Discharge

 

Section
3.01. Satisfaction and Discharge. (a) This Indenture and the Notes shall cease to be of further effect when (i) all Notes
theretofore authenticated and delivered (other than (x) Notes which have been destroyed, lost or stolen and which have been replaced,
paid or converted as provided in Section 2.06 and (y) Notes for whose payment money has heretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in
Section 4.04(d)) have been delivered to the Trustee for cancellation; or (ii) the Company has deposited with the Trustee or delivered
to Holders, as applicable, after the Notes have become due and payable, whether on the Maturity Date, any Redemption Date, any
Fundamental Change Repurchase Date, upon conversion or otherwise, cash or cash, shares of Common Stock or a combination thereof,
as applicable, solely to satisfy the Company’s Conversion Obligation, sufficient to pay all of the outstanding Notes and
all other sums due and payable under this Indenture or the Notes by the Company; and (b) the Trustee upon request of the Company
contained in an Officer’s Certificate and at the expense of the Company, shall execute instruments reasonably requested
by the Company acknowledging satisfaction and discharge of this Indenture and the Notes, when the Company has delivered to the
Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for
relating to the satisfaction and discharge of this Indenture and the Notes have been complied with. Notwithstanding the satisfaction
and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.06 shall survive.

 

Article
4

Particular Covenants of the Company

 

Section
4.01. Payment of Principal and Interest. The Company covenants and agrees that it will cause to be paid the principal (including
the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each
of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

 

Any
applicable withholding taxes (including backup withholding) may be withheld from payments of interest and payments upon conversion,
repurchase or maturity of the Notes (or, in some circumstances from any payments of Common Stock) or sales proceeds received by
or other funds or assets of the Holder or beneficial owner.

 

Section
4.02. Maintenance of Office or Agency. The Company will maintain in the United States of America an office or agency where
the Notes may be surrendered for registration of transfer or exchange or for presentation for payment or repurchase (“Paying
Agent”) or for conversion (“Conversion Agent”) and where notices and demands to or upon the Company
in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location,
and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands
may be made or served at the Corporate Trust Office in the United States of America as a place where Notes may be presented for
payment or for registration of transfer.

 

    	 	27	 

    	 	 	 

    

 

The
Company may also from time to time designate as co-Note Registrars one or more other offices or agencies where the Notes may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that
no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in
the United States of America so designated by the Trustee as a place for such purposes. The Company will give prompt written notice
to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. The
terms “Paying Agent” and “Conversion Agent” include any such additional or other offices
or agencies, as applicable.

 

The
Company hereby initially designates the Trustee as the Paying Agent, Note Registrar, Custodian and Conversion Agent and the Corporate
Trust Office as the office or agency in the United States of America where Notes may be surrendered for registration of transfer
or exchange or for presentation for payment or repurchase or for conversion and where notices and demands to or upon the Company
in respect of the Notes and this Indenture may be served; provided that the Corporate Trust Office shall not be a place for service
of legal process on the Company.

 

Section
4.03. Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a vacancy
in the office of Trustee, will appoint, in the manner provided in Section 7.09, a Trustee, so that there shall at all times be
a Trustee hereunder.

 

Section
4.04. Provisions as to Paying Agent. (a) If the Company shall appoint a Paying Agent other than the Trustee, the Company
will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee,
subject to the provisions of this Section 4.04:

 

(i)
that it will hold all sums held by it as such agent for the payment of the principal (including the Redemption Price and the Fundamental
Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes in trust for the benefit of the Holders
of the Notes;

 

(ii)
that it will give the Trustee prompt written notice of any failure by the Company to make any payment of the principal (including
the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes
when the same shall be due and payable; and

 

    	 	28	 

    	 	 	 

    

 

(iii)
that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay to the Trustee
all sums so held in trust.

 

The
Company shall, on or before each due date of the principal (including the Redemption Price and the Fundamental Change Repurchase
Price, if applicable) of, or accrued and unpaid interest on, the Notes, deposit with the Paying Agent a sum sufficient to pay
such principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) or accrued and unpaid
interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of any failure
to take such action; provided that if such deposit is made on the due date, such deposit must be received by the Paying
Agent by 11:00 a.m., New York City time, on such date.

 

(b)
If the Company shall act as its own Paying Agent, it will, on or before each due date of the principal (including the Redemption
Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes, set aside,
segregate and hold in trust for the benefit of the Holders of the Notes a sum sufficient to pay such principal (including the
Redemption Price and the Fundamental Change Repurchase Price, if applicable) and accrued and unpaid interest so becoming due and
will promptly notify the Trustee in writing of any failure to take such action and of any failure by the Company to make any payment
of the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, or accrued and
unpaid interest on, the Notes when the same shall become due and payable.

 

(c)
Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction
and discharge of this Indenture, or for any other reason, pay, cause to be paid or deliver to the Trustee all sums or amounts
held in trust by the Company or any Paying Agent hereunder as required by this Section 4.04, such sums or amounts to be held by
the Trustee upon the trusts herein contained and upon such payment or delivery by the Company or any Paying Agent to the Trustee,
the Company or such Paying Agent shall be released from all further liability but only with respect to such sums or amounts. Upon
the occurrence of any event specified in Section 6.01(h) or Section 6.01(i), the Trustee shall automatically become the Paying
Agent.

 

(d)
Subject to applicable escheatment laws, any money or property deposited with the Trustee, the Conversion Agent or any Paying Agent,
or then held by the Company, in trust for the payment of the principal (including the Redemption Price and the Fundamental Change
Repurchase Price, if applicable) of, accrued and unpaid interest on and the consideration due upon conversion of any Note and
remaining unclaimed for two years after such principal (including the Redemption Price and the Fundamental Change Repurchase Price,
if applicable), interest or consideration due upon conversion has become due and payable shall be paid to the Company on request
of the Company contained in an Officer’s Certificate, or (if then held by the Company) shall be discharged from such trust
and the Trustee shall have no further liability with respect to such funds or property; and the Holder of such Note shall thereafter,
as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee, the Conversion
Agent or such Paying Agent with respect to such trust money, and all liability of the Company as trustee with respect to such
trust money and shares of Common Stock, and all liability of the Company as trustee thereof, shall thereupon cease.

 

    	 	29	 

    	 	 	 

    

 

Section
4.05. Existence. Subject to Article 11, the Company shall do or cause to be done all things necessary to preserve and keep
in full force and effect its corporate existence.

 

Section
4.06. Rule 144A Information Requirement and Annual Reports. (a) At any time the Company is not subject to Section 13 or
15(d) of the Exchange Act, the Company shall, so long as any of the Notes or any shares of Common Stock issuable upon conversion
thereof shall, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities
Act, promptly provide to the Trustee and will, upon written request, provide to any Holder, beneficial owner or prospective purchaser
of such Notes or any shares of Common Stock issuable upon conversion of such Notes, the information required to be delivered pursuant
to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes or shares of Common Stock pursuant to Rule
144A.

 

(b)
The Company shall file with the Trustee, within 15 days after the same are required to be filed with the Commission (giving effect
to any grace period provided by Rule 12b-25 (or any successor rule) under the Exchange Act), copies of any annual or quarterly
reports (on Form 10-K or Form 10-Q or any respective successive form) that the Company is required to file with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act (excluding any such information, documents or reports, or portions thereof,
subject to confidential treatment and any correspondence with the Commission). Any such document or report that the Company files
with the Commission via the Commission’s EDGAR system (or any successor thereto) shall be deemed to be filed with the Trustee
for purposes of this Section 4.06(b) at the time such documents are filed via the EDGAR system (or any successor thereto), it
being understood that the Trustee shall not be responsible for determining whether such filings have been made.

 

(c)
Delivery of the reports and documents described in subsection (b) above to the Trustee is for informational purposes only, and
the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable
from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which
the Trustee is entitled to rely exclusively on an Officer’s Certificate).

 

(d)
If, at any time during the six-month period beginning on, and including, the date that is six months after the Last Date of Original
Issuance of the Notes, the Company fails to timely file any document or report that it is required to file with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act, as applicable (after giving effect to all applicable grace periods thereunder
and other than reports on Form 8-K), or the Notes are not otherwise freely tradable pursuant to Rule 144 by Holders other than
the Company’s Affiliates or Holders that were the Company’s Affiliates at any time during the three months immediately
preceding (without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes), the Company shall
pay Additional Interest on the Notes. Such Additional Interest shall accrue on the Notes at the rate of 0.50% per annum of the
principal amount of the Notes outstanding for each day during such period for which the Company’s failure to file has occurred
and is continuing or the Notes are not otherwise freely tradable pursuant to Rule 144 by Holders other than the Company’s
Affiliates (or Holders that have been the Company’s Affiliates at any time during the three months immediately preceding)
without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes. As used in this Section 4.06(d),
documents or reports that the Company is required to “file” with the Commission pursuant to Section 13 or 15(d) of
the Exchange Act does not include documents or reports that the Company furnishes to the Commission pursuant to Section 13 or
15(d) of the Exchange Act. Further, as used in this Section 4.06(d), the phrase “restrictions pursuant to U.S. securities
laws or the terms of this Indenture of the Notes” shall not include, for the avoidance of doubt, the assignment of a restricted
CUSIP number or the existence of a restrictive notes legend on the Notes in compliance with this Indenture, in either case, during
the six-month period described in this Section 4.06(d).

 

    	 	30	 

    	 	 	 

    

 

(e)
If, and for so long as, the restrictive legend on the Notes specified in Section 2.05(c) has not been removed (or deemed removed
pursuant to this Indenture), the Notes are assigned a restricted CUSIP number or the Notes are not otherwise freely tradable pursuant
to Rule 144 by Holders other than the Company’s Affiliates or Holders that were the Company’s Affiliates at any time
during the three months immediately preceding (without restrictions pursuant to U.S. securities laws or the terms of this Indenture
or the Notes) as of the 380th day after the Last Date of Original Issuance of the Notes, the Company shall pay Additional Interest
on the Notes at a rate equal to 0.50% per annum of the principal amount of Notes outstanding until the restrictive legend on the
Notes has been removed in accordance with Section 2.05(c), the Notes are assigned an unrestricted CUSIP number and the Notes are
freely tradable pursuant to Rule 144 by Holders other than the Company’s Affiliates (or Holders that were the Company’s
Affiliates at any time during the three months immediately preceding) (without restrictions pursuant to U.S. securities laws or
the terms of this Indenture or the Notes).

 

(f)
Additional Interest will be payable in arrears on each Interest Payment Date following accrual in the same manner as regular interest
on the Notes.

 

(g)
The Additional Interest that is payable in accordance with Section 4.06(d) or Section 4.06(e) shall be in addition to, and not
in lieu of, any Additional Interest that may be payable as a result of the Company’s election pursuant to Section 6.03.
Notwithstanding the foregoing, in no event shall Additional Interest accrue under the terms of this Indenture (aggregating any
Additional Interest payable pursuant to Section 4.06(d) or Section 4.06(e) with any Additional Interest payable pursuant to Section
6.03) at a rate in excess of 0.50% per annum, regardless of the number of events or circumstances giving rise to the requirement
to pay such Additional Interest.

 

(h)
If Additional Interest is payable by the Company pursuant to Section 4.06(d) or Section 4.06(e), the Company shall deliver to
the Trustee an Officer’s Certificate to that effect stating (i) the amount of such Additional Interest that is payable and
(ii) the date on which such Additional Interest is payable. Unless and until a Responsible Officer of the Trustee receives at
the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable
and the Trustee shall not have any duty to verify the Company’s calculation of Additional Interest. If the Company has paid
Additional Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee an Officer’s Certificate
setting forth the particulars of such payment.

 

    	 	31	 

    	 	 	 

    

 

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

 

Section
4.08. Compliance Certificate; Statements as to Defaults. The Company shall deliver to the Trustee within 120 days after
the end of each fiscal year of the Company (beginning with the fiscal year ending on December 31, 2021) an Officer’s Certificate
stating whether the signers thereof have knowledge of any Default under the Indenture that occurred during such fiscal year and,
if so, specifying each such Default and the nature thereof.

 

In
addition, the Company shall deliver to the Trustee, within 30 days after obtaining knowledge of the occurrence of any Event of
Default or Default, an Officer’s Certificate setting forth the details of such Event of Default or Default, its status and
the action that the Company is taking or proposing to take in respect thereof; provided that the Company is not required
to deliver such notice if such Event of Default or Default has been cured.

 

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

 

Article
5

Lists of Holders and Reports by the Company and the Trustee

 

Section
5.01. Lists of Holders. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee,
semi-annually, not more than 15 days after each February 1 and August 1 in each year beginning with August 1, 2021, and at such
other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request (or such lesser
time as the Trustee may reasonably request in order to enable it to timely provide any notice to be provided by it hereunder),
a list in such form as the Trustee may reasonably require of the names and addresses of the Holders as of a date not more than
15 days (or such other date as the Trustee may reasonably request in order to so provide any such notices) prior to the time such
information is furnished, except that no such list need be furnished so long as the Trustee is acting as Note Registrar.

 

    	 	32	 

    	 	 	 

    

 

Section
5.02. Preservation and Disclosure of Lists. The Trustee shall preserve, in as current a form as is reasonably practicable,
all information as to the names and addresses of the Holders contained in the most recent list furnished to it as provided in
Section 5.01 or maintained by the Trustee in its capacity as Note Registrar, if so acting. The Trustee may destroy any list furnished
to it as provided in Section 5.01 upon receipt of a new list so furnished.

 

Article
6

Defaults and Remedies

 

Section
6.01. Events of Default. Each of the following events shall be an “Event of Default” with respect to
the Notes:

 

(a)
default in any payment of interest on any Note when due and payable, and the default continues for a period of 30 days;

 

(b)
default in the payment of principal of any Note when due and payable on the Maturity Date, upon Optional Redemption, upon any
required repurchase, upon declaration of acceleration or otherwise;

 

(c)
failure by the Company to comply with its obligation to convert the Notes in accordance with this Indenture upon exercise of a
Holder’s conversion right, and such failure continues for three (3) Business Days;

 

(d)
failure by the Company to issue a Fundamental Change Company Notice in accordance with Section 15.02(c), notice of a Make-Whole
Fundamental Change in accordance with Section 14.03(b), or notice of a specified corporate event in accordance with Section 14.01(b)(ii)
or 14.01(b)(iii), in each case when due, and such failure continues for three (3) Business Days;

 

(e)
failure by the Company to comply with its obligations under Article 11;

 

(f)
failure by the Company for 60 days after written notice from the Trustee or the Holders of at least 25% in aggregate principal
amount of the Notes then outstanding has been received by the Company to comply with any of its other agreements contained in
the Notes or this Indenture;

 

(g)
default by the Company or any Significant Subsidiary of the Company with respect to any mortgage, agreement or other instrument
under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess
of $40,000,000 (or its foreign currency equivalent) in the aggregate of the Company and/or any such Significant Subsidiary, whether
such indebtedness now exists or shall hereafter be created (i) resulting in such indebtedness becoming or being declared due and
payable prior to its stated maturity date or (ii) constituting a failure to pay the principal of any such indebtedness when due
and payable (after the expiration of all applicable grace periods) at its stated maturity, upon required repurchase, upon declaration
of acceleration or otherwise, and, in the case of clauses (i) and (ii), such acceleration shall not, after the expiration of any
applicable grace period, have been rescinded or annulled or such failure to pay or default shall not have been cured or waived,
or such indebtedness is not paid or discharged, as the case may be, within 30 days after written notice to the Company from the
Trustee or to the Company and the Trustee from Holders of at least 25% in aggregate principal amount of Notes then outstanding
in accordance with this Indenture;

 

    	 	33	 

    	 	 	 

    

 

(h)
the Company or any Significant Subsidiary shall commence a voluntary case or other proceeding seeking liquidation, reorganization
or other relief with respect to the Company or any such Significant Subsidiary or its debts under any bankruptcy, insolvency or
other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other
similar official of the Company or any such Significant Subsidiary or any substantial part of its property, or shall consent to
any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding
commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts
as they become due; or

 

(i)
an involuntary case or other proceeding shall be commenced against the Company or any Significant Subsidiary seeking liquidation,
reorganization or other relief with respect to the Company or such Significant Subsidiary or its debts under any bankruptcy, insolvency
or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other
similar official of the Company or such Significant Subsidiary or any substantial part of its property, and such involuntary case
or other proceeding shall remain undismissed and unstayed for a period of 60 consecutive days.

 

Section
6.02. Acceleration; Rescission and Annulment. If one or more Events of Default shall have occurred and be continuing (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then,
and in each and every such case (other than an Event of Default specified in Section 6.01(h) or Section 6.01(i) with respect to
the Company), unless the principal of all of the Notes shall have already become due and payable, either the Trustee or the Holders
of at least 25% in aggregate principal amount of the Notes then outstanding determined in accordance with Section 8.04, by notice
in writing to the Company (and to the Trustee if given by Holders), may declare 100% of the principal of, and accrued and unpaid
interest on, all the Notes to be due and payable immediately, and upon any such declaration the same shall become and shall automatically
be immediately due and payable, anything contained in this Indenture or in the Notes to the contrary notwithstanding. If an Event
of Default specified in Section 6.01(h) or Section 6.01(i) with respect to the Company occurs and is continuing, 100% of the principal
of, and accrued and unpaid interest, if any, on, all Notes shall become and shall automatically be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder.

 

    	 	34	 

    	 	 	 

    

 

The
immediately preceding paragraph, however, is subject to the conditions that if, at any time after the principal of the Notes shall
have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been obtained
or entered as hereinafter provided, and if (1) rescission would not conflict with any judgment or decree of a court of competent
jurisdiction and (2) any and all existing Events of Default under this Indenture, other than the nonpayment of the principal of
and accrued and unpaid interest, if any, on Notes that shall have become due solely by such acceleration, shall have been cured
or waived pursuant to Section 6.09, then and in every such case (except as provided in the immediately succeeding sentence) the
Holders of a majority in aggregate principal amount of the Notes then outstanding, by written notice to the Company and to the
Trustee, may waive all Defaults or Events of Default with respect to the Notes and rescind and annul such declaration and its
consequences and such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured
for every purpose of this Indenture; but no such waiver or rescission and annulment shall extend to or shall affect any subsequent
Default or Event of Default, or shall impair any right consequent thereon. Notwithstanding anything to the contrary herein, no
such waiver or rescission and annulment shall extend to or shall affect any Default or Event of Default resulting from (i) the
nonpayment of the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, or
accrued and unpaid interest on, any Notes, (ii) a failure to repurchase any Notes when required or (iii) a failure to pay or deliver,
as the case may be, the consideration due upon conversion of the Notes.

 

Section
6.03. Additional Interest. Notwithstanding anything in this Indenture or in the Notes to the contrary, to the extent the
Company elects, the sole remedy for an Event of Default relating to the Company’s failure to comply with its obligations
as set forth in Section 4.06(b) shall, for the first 360 calendar days after the occurrence of such an Event of Default, consist
exclusively of the right to receive Additional Interest on the Notes at a rate equal to (i) 0.25% per annum of the principal amount
of the Notes outstanding for each day during the first 180 calendar days of the 360-day period after the occurrence of such an
Event of Default during which such Event of Default is continuing (or, if earlier, the date on which such Event of Default is
cured or waived as provided for in this Indenture) and (ii) 0.50% per annum of the principal amount of the Notes outstanding for
each day from, and including, the 181st calendar day to, and including, the 360th calendar day after the occurrence of such an
Event of Default during which such Event of Default is continuing (or, if earlier, the date on which such Event of Default is
cured or waived as provided for in this Indenture). Subject to the last paragraph of this Section 6.03, Additional Interest payable
pursuant to this Section 6.03 shall be in addition to, not in lieu of, any Additional Interest payable pursuant to Section 4.06(d)
or Section 4.06(e). If the Company so elects, such Additional Interest shall be payable in the same manner and on the same dates
as the stated interest payable on the Notes. On the 361st day after such Event of Default (if the Event of Default relating to
the Company’s failure to comply with its obligations as set forth in Section 4.06(b) is not cured or waived prior to such
361st day), the Notes shall be subject to acceleration as provided in Section 6.02. The provisions of this paragraph will not
affect the rights of Holders in the event of the occurrence of any Event of Default other than the Company’s failure to
comply with its obligations as set forth in ‎‎Section 4.06(b). In the event the Company does not elect to pay Additional
Interest following an Event of Default in accordance with this Section 6.03 or the Company elected to make such payment but does
not pay the Additional Interest when due, the Notes shall be immediately subject to acceleration as provided in Section 6.02.

 

    	 	35	 

    	 	 	 

    

 

In
order to elect to pay Additional Interest as the sole remedy during the first 360 days after the occurrence of any Event of Default
described in the immediately preceding paragraph, the Company must notify all Holders of the Notes, the Trustee and the Paying
Agent in an Officer’s Certificate of such election prior to the beginning of such 360-day period. Upon the failure to timely
give such notice, the Notes shall be immediately subject to acceleration as provided in Section 6.02.

 

In
no event shall Additional Interest accrue under the terms of this Indenture (aggregating any Additional Interest payable pursuant
to this Section 6.03 with any Additional Interest payable pursuant to Section 4.06(d) or Section 4.06(e)) at a rate in excess
of 0.50% per annum, regardless of the number of events or circumstances giving rise to the requirement to pay such Additional
Interest.

 

Section
6.04. Payments of Notes on Default; Suit Therefor. If an Event of Default described in clause (a) or (b) of Section 6.01
shall have occurred and be continuing, the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the
Holders of the Notes, the whole amount then due and payable on the Notes for principal and interest, if any, with interest on
any overdue principal and interest, if any, at the rate borne by the Notes at such time, and, in addition thereto, such further
amount as shall be sufficient to cover any amounts due to the Trustee under Section 7.06. If the Company shall fail to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial
proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may
enforce the same against the Company or any other obligor upon the Notes and collect the moneys adjudged or decreed to be payable
in the manner provided by law out of the property of the Company or any other obligor upon the Notes, wherever situated.

 

In
the event there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor
on the Notes under Title 11 of the United States Code, or any other applicable law, or in case a receiver, assignee or trustee
in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed for or taken possession
of the Company or such other obligor, the property of the Company or such other obligor, or in the event of any other judicial
proceedings relative to the Company or such other obligor upon the Notes, or to the creditors or property of the Company or such
other obligor, the Trustee, irrespective of whether the principal of the Notes shall then be due and payable as therein expressed
or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of
this Section 6.04, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim
or claims for the whole amount of principal and accrued and unpaid interest, if any, in respect of the Notes, and, in case of
any judicial proceedings, to file such proofs of claim and other papers or documents and to take such other actions as it may
deem necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceedings relative
to the Company or any other obligor on the Notes, its or their creditors, or its or their property, and to collect and receive
any monies or other property payable or deliverable on any such claims, and to distribute the same after the deduction of any
amounts due to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization, liquidator,
custodian or similar official is hereby authorized by each of the Holders to make such payments to the Trustee, as administrative
expenses, and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the
Trustee any amount due it for reasonable compensation, expenses, advances and disbursements, including agents and counsel fees,
and including any other amounts due to the Trustee under Section 7.06, incurred by it up to the date of such distribution. To
the extent that such payment of reasonable compensation, expenses, advances and disbursements out of the estate in any such proceedings
shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions,
dividends, monies, securities and other property that the Holders of the Notes may be entitled to receive in such proceedings,
whether in liquidation or under any plan of reorganization or arrangement or otherwise.

 

    	 	36	 

    	 	 	 

    

 

Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting such Holder or the rights of any Holder thereof,
or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 

All
rights of action and of asserting claims under this Indenture, or under any of the Notes, may be enforced by the Trustee without
the possession of any of the Notes, or the production thereof at any trial or other proceeding relative thereto, and any such
suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery
of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Notes.

 

In
any proceedings brought by the Trustee (and in any proceedings involving the interpretation of any provision of this Indenture
to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders of the Notes, and it shall not be
necessary to make any Holders of the Notes parties to any such proceedings.

 

In
case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued
or abandoned because of any waiver pursuant to Section 6.09 or any rescission and annulment pursuant to Section 6.02 or for any
other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the Holders and
the Trustee shall, subject to any determination in such proceeding, be restored respectively to their several positions and rights
hereunder, and all rights, remedies and powers of the Company, the Holders and the Trustee shall continue as though no such proceeding
had been instituted.

 

    	 	37	 

    	 	 	 

    

 

Section
6.05. Application of Monies Collected by Trustee. Any monies or property collected by the Trustee pursuant to this Article
6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution
of such monies or property, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid,
and upon surrender thereof, if fully paid:

 

First,
to the payment of all amounts due the Trustee in all of its capacities, including its agent and counsel, under Section 7.06;

 

Second,
in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on, and any
cash due upon conversion of, the Notes in default in the order of the date due of the payments of such interest and cash due upon
conversion, as the case may be, with interest (to the extent that such interest has been collected by the Trustee) upon such overdue
payments at the rate borne by the Notes at such time, such payments to be made ratably to the Persons entitled thereto;

 

Third,
in case the principal of the outstanding Notes shall have become due, by declaration or otherwise, and be unpaid to the payment
of the whole amount (including, if applicable, the payment of the Redemption Price, the Fundamental Change Repurchase Price and
any cash due upon conversion) then owing and unpaid upon the Notes for principal and interest, if any, with interest on the overdue
principal and, to the extent that such interest has been collected by the Trustee, upon overdue installments of interest at the
rate borne by the Notes at such time, and in case such monies shall be insufficient to pay in full the whole amounts so due and
unpaid upon the Notes, then to the payment of such principal (including, if applicable, the Redemption Price, the Fundamental
Change Repurchase Price and any cash due upon conversion) and interest without preference or priority of principal over interest,
or of interest over principal or of any installment of interest over any other installment of interest, or of any Note over any
other Note, ratably to the aggregate of such principal (including, if applicable, the Redemption Price, the Fundamental Change
Repurchase Price and any cash due upon conversion) and accrued and unpaid interest; and

 

Fourth,
to the payment of the remainder, if any, to the Company.

 

Section
6.06. Proceedings by Holders. Except to enforce the right to receive payment of principal (including, if applicable, the
Redemption Price and the Fundamental Change Repurchase Price) or interest when due, or the right to receive payment or delivery
of the consideration due upon conversion, no Holder of any Note shall have any right by virtue of or by availing of any provision
of this Indenture or the Notes to institute any suit, action or proceeding in equity or at law upon or under or with respect to
this Indenture, or for the appointment of a receiver, trustee, liquidator, custodian or other similar official, or for any other
remedy hereunder, unless:

 

    	 	38	 

    	 	 	 

    

 

(a)
such Holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as
herein provided;

 

(b)
Holders of at least 25% in aggregate principal amount of the Notes then outstanding shall have made written request upon the Trustee
to institute such action, suit or proceeding in its own name as Trustee hereunder;

 

(c)
such Holders shall have offered, and if requested, provided to the Trustee such security or indemnity reasonably satisfactory
to it against any loss, liability or expense to be incurred therein or thereby;

 

(d)
the Trustee for 60 days after its receipt of such notice, request and offer of such security or indemnity, shall have neglected
or refused to institute any such action, suit or proceeding; and

 

(e)
no direction that, in the opinion of the Trustee, is inconsistent with such written request shall have been given to the Trustee
by the Holders of a majority of the aggregate principal amount of the Notes then outstanding within such 60-day period pursuant
to Section 6.09,

 

it
being understood and intended, and being expressly covenanted by the taker and Holder of every Note with every other taker and
Holder and the Trustee that no one or more Holders shall have any right in any manner whatever by virtue of or by availing of
any provision of this Indenture to affect, disturb or prejudice the rights of any other Holder (it being understood that the Trustee
shall not have an affirmative duty to ascertain whether or not any such direction is unduly prejudicial to any other Holder),
or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Indenture,
except in the manner herein provided and for the equal, ratable and common benefit of all Holders (except as otherwise provided
herein). For the protection and enforcement of this Section 6.06, each and every Holder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.

 

Notwithstanding
any other provision of this Indenture and any provision of any Note, the right of any Holder to receive payment or delivery, as
the case may be, of (x) the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable)
of, (y) accrued and unpaid interest, if any, on, and (z) the consideration due upon conversion of, such Note, on or after the
respective due dates expressed or provided for in such Note or in this Indenture, or to institute suit for the enforcement of
any such payment or delivery, as the case may be, on or after such respective dates against the Company shall not be impaired
or affected without the consent of such Holder.

 

Section
6.07. Proceedings by Trustee. In case of an Event of Default, the Trustee may in its discretion proceed to protect and
enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce
any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the
specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in
this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

 

    	 	39	 

    	 	 	 

    

 

Section
6.08. Remedies Cumulative and Continuing. Except as provided in the last paragraph of Section 2.06, all powers and remedies
given by this Article 6 to the Trustee or to the Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive
of any thereof or of any other powers and remedies available to the Trustee or the Holders of the Notes, by judicial proceedings
or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay
or omission of the Trustee or of any Holder of any of the Notes to exercise any right or power accruing upon any Default or Event
of Default shall impair any such right or power, or shall be construed to be a waiver of any such Default or Event of Default
or any acquiescence therein; and, subject to the provisions of Section 6.06, every power and remedy given by this Article 6 or
by law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the
Trustee or by the Holders.

 

Section
6.09. Direction of Proceedings and Waiver of Defaults by Majority of Holders. Subject to the Trustee’s right to receive
security or indemnity from the relevant Holders as described herein, the Holders of a majority of the aggregate principal amount
of the Notes at the time outstanding determined in accordance with Section 8.04 shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the
Trustee with respect to the Notes; provided, however, that (a) such direction shall not be in conflict with any
rule of law or with this Indenture, and (b) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent
with such direction. The Trustee may refuse to follow any direction that it determines is unduly prejudicial to the rights of
any other Holder or that would involve the Trustee in personal liability (it being understood that the Trustee shall not have
an affirmative duty to ascertain whether or not any such direction is unduly prejudicial to any other Holder). The Holders of
a majority in aggregate principal amount of the Notes at the time outstanding determined in accordance with Section 8.04 may on
behalf of the Holders of all of the Notes waive any past Default or Event of Default hereunder and its consequences except (i)
any continuing defaults relating to the nonpayment of accrued and unpaid interest, if any, on, or the principal (including any
Redemption Price and any Fundamental Change Repurchase Price) of, the Notes when due that has not been cured pursuant to the provisions
of Section 6.01, (ii) a failure by the Company to pay or deliver, as the case may be, the consideration due upon conversion of
the Notes or (iii) a default in respect of a covenant or provision hereof which under Article 10 cannot be modified or amended
without the consent of each Holder of an outstanding Note affected. Upon any such waiver the Company, the Trustee and the Holders
of the Notes shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent
or other Default or Event of Default or impair any right consequent thereon. Whenever any Default or Event of Default hereunder
shall have been waived as permitted by this Section 6.09, said Default or Event of Default shall for all purposes of the Notes
and this Indenture be deemed to have been cured and to be not continuing; but no such waiver shall extend to any subsequent or
other Default or Event of Default or impair any right consequent thereon.

 

    	 	40	 

    	 	 	 

    

 

Section
6.10. Notice of Defaults. The Trustee shall, within 90 days after obtaining knowledge of the occurrence and continuance
of a Default of which a Responsible Officer has actual knowledge, deliver to all Holders notice of all such Defaults, unless such
Defaults shall have been cured or waived before the giving of such notice; provided that, except in the case of a Default
in the payment of the principal of (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable),
or accrued and unpaid interest on, any of the Notes or a Default in the payment or delivery of the consideration due upon conversion,
the Trustee shall be protected in withholding such notice if and so long as it in good faith determines that the withholding of
such notice is in the interests of the Holders.

 

Section
6.11. Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Note by its acceptance thereof
shall be deemed to have agreed, that any court may, in its discretion, require, in any suit for the enforcement of any right or
remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by
any party litigant in such suit of an undertaking to pay the costs of such suit and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due
regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions
of this Section 6.11 (to the extent permitted by law) shall not apply to any suit instituted by the Trustee, to any suit instituted
by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Notes at the time outstanding
determined in accordance with Section 8.04, or to any suit instituted by any Holder for the enforcement of the payment of the
principal of or accrued and unpaid interest, if any, on any Note (including, but not limited to, the Redemption Price and the
Fundamental Change Repurchase Price with respect to the Notes being repurchased as provided in this Indenture) on or after the
due date expressed or provided for in such Note or to any suit for the enforcement of the right to convert any Note in accordance
with the provisions of Article 14.

 

Article
7

Concerning the Trustee

 

Section
7.01. Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of an Event of Default of which a Responsible
Officer of the Trustee has written notice or actual knowledge and after the curing or waiver of all Events of Default that may
have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In the
event an Event of Default has occurred and is continuing of which a Responsible Officer of the Trustee has written notice or actual
knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of
care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to
exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders
have offered (and, if requested, provided) to the Trustee indemnity or security satisfactory to it against any loss, liability
or expense that might be incurred by it in compliance with such request or direction.

 

    	 	41	 

    	 	 	 

    

 

No
provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its
own grossly negligent failure to act or its own willful misconduct, except that:

 

(a)
prior to the occurrence of an Event of Default and after the curing or waiving of all Events of Default that may have occurred:

 

(i)
the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee
shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture
and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

(ii)
in the absence of bad faith or willful misconduct on the part of the Trustee, the Trustee may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee
and conforming to the requirements of this Indenture; but, in the case of any such certificates or opinions that by any provisions
hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine
whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical
calculations or other facts stated therein);

 

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

 

(c)
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with
the direction of the Holders of not less than a majority of the aggregate principal amount of the Notes at the time outstanding
determined as provided in Section 8.04 relating to the time, method and place of conducting any proceeding for any remedy available
to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture;

 

(d)
whether or not therein provided, every provision of this Indenture relating to the conduct or affecting the liability of, or affording
protection to, the Trustee shall be subject to the provisions of this Section;

 

(e)
the Trustee shall not be liable in respect of any payment (as to the correctness of amount, entitlement to receive or any other
matters relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co-Note Registrar
with respect to the Notes;

 

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(f)
if any party fails to deliver a notice relating to an event the fact of which, pursuant to this Indenture, requires notice to
be sent to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such
event occurred, unless a Responsible Officer of the Trustee had actual knowledge of such event;

 

(g)
in the absence of written investment direction from the Company, all cash received by the Trustee shall be placed in a non-interest
bearing trust account, and in no event shall the Trustee be liable for the selection of investments or for investment losses incurred
thereon or for losses incurred as a result of the liquidation of any such investment prior to its maturity date or the failure
of the party directing such investments prior to its maturity date or the failure of the party directing such investment to provide
timely written investment direction, and the Trustee shall have no obligation to invest or reinvest any amounts held hereunder
in the absence of such written investment direction from the Company;

 

(h)
in the event that the Trustee is also acting as Custodian, Note Registrar, Paying Agent, Conversion Agent, Bid Solicitation Agent
or transfer agent hereunder, the rights and protections afforded to the Trustee pursuant to this Article 7 shall also be afforded
to such Custodian, Note Registrar, Paying Agent, Conversion Agent, Bid Solicitation Agent or transfer agent; and

 

(i)
under no circumstances shall the Trustee be liable in its individual capacity for the obligations evidenced by the Notes.

 

None
of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal
financial liability in the performance of any of its duties or in the exercise of any of its rights or powers.

 

Section
7.02. Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 7.01:

 

(a)
the Trustee may conclusively rely and shall be fully protected in acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, consent, order, bond, note, coupon or other paper or document (whether in its original or facsimile
form) believed by it in good faith to be genuine and to have been signed or presented by the proper party or parties;

 

(b)
any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officer’s
Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be evidenced
to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company;

 

(c)
the Trustee may consult with counsel of its selection and require an Opinion of Counsel and any written or verbal advice of such
counsel or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or omitted
by it hereunder in good faith and in accordance with such advice or Opinion of Counsel. Before the Trustee acts or refrains from
acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any
action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel;

 

    	 	43	 

    	 	 	 

    

 

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

 

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

 

(f)
the permissive rights of the Trustee enumerated herein shall not be construed as duties;

 

(g)
the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder;

 

(h)
the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture;

 

(i)
the Trustee shall not be deemed to have notice of any Default or Event of Default (except in the case of a Default or Event of
Default in payment of scheduled principal of, premium, if any, or interest on, any Note) unless a Responsible Officer of the Trustee
has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default (and stating
the occurrence of a Default or Event of Default) is received by the Trustee at the Corporate Trust Office of the Trustee, and
such notice references the Notes and this Indenture;

 

(j)
the Trustee shall not be responsible or liable for any action it takes or omits to take in good faith which it reasonably believes
to be authorized or within its rights or powers;

 

(k)
the Trustee shall not be responsible or liable for any action taken or omitted by it in good faith at the direction of the holders
of not less than a majority in principal amount of the Notes as to the time, method and place of conducting any proceedings for
any remedy available to the Trustee or the exercising of any power conferred by this Indenture;

 

(l)
neither the Trustee nor any of its directors, officers, employees, agents or affiliates shall be responsible for nor have any
duty to monitor the performance or any action of the Company, or any of their respective directors, members, officers, agents,
affiliates or employee, nor shall it have any liability in connection with the malfeasance or nonfeasance by such party. The Trustee
shall not be responsible for any inaccuracy in the information obtained from the Company or for any inaccuracy or omission in
the records which may result from such information or any failure by the Trustee to perform its duties as set forth herein as
a result of any inaccuracy or incompleteness;

 

    	 	44	 

    	 	 	 

    

 

(m)
in no event shall the Trustee be liable for any consequential, punitive, special or indirect loss or damage of any kind whatsoever
(including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action. The Trustee shall not be charged with knowledge of any Default or Event of Default with respect
to the Notes, unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written
notice of such Default or Event of Default shall have been given to the Trustee by the Company or by any Holder of the Notes at
the Corporate Trust Office and such notice references the Notes and/or this Indenture; and

 

(n)
neither the Trustee nor any Agent shall have any responsibility or liability for any actions taken or not taken by the Depositary.

 

Section
7.03. No Responsibility for Recitals, Etc. The recitals contained herein and in the Notes (except in the Trustee’s
certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for
the correctness of the same. The Trustee makes no representations as to the validity, sufficiency or enforceability of this Indenture
or of the Notes. The Trustee shall not be accountable for the use or application by the Company of any Notes or the proceeds of
any Notes authenticated and delivered by the Trustee in conformity with the provisions of this Indenture or any money paid to
the Company or upon the Company’s direction under any provision of the Indenture. The Trustee shall have no responsibility
or liability with respect to any information, statement or recital in the Offering Memorandum or other disclosure material prepared
or distributed with respect to the issuance of the Notes.

 

Section
7.04. Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or Note Registrar May Own Notes. The Trustee, any
Paying Agent, any Conversion Agent, Bid Solicitation Agent (if other than the Company or any Affiliate thereof) or Note Registrar,
in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were
not the Trustee, Paying Agent, Conversion Agent, Bid Solicitation Agent or Note Registrar.

 

Section
7.05. Monies and Shares of Common Stock to Be Held in Trust. All monies and any shares of Common Stock received by the
Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money
and shares of Common Stock held by the Trustee in trust hereunder need not be segregated from other funds or property except to
the extent required by law. The Trustee shall be under no liability for interest on any money or shares of Common Stock received
by it hereunder except as may be agreed from time to time by the Company and the Trustee.

 

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Section
7.06. Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee, in any capacity under
this Indenture, from time to time, and the Trustee shall receive such compensation for all services rendered by it hereunder in
any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust)
as mutually agreed to in writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with
any of the provisions of this Indenture in any capacity thereunder (including the reasonable compensation and the expenses and
disbursements of its agents and counsel and of all Persons not regularly in its employ) except any such expense, disbursement
or advance as shall have been caused by its gross negligence or willful misconduct as determined by a final, non-appealable decision
of a court of competent jurisdiction. The Company also covenants to indemnify the Trustee in any capacity under this Indenture
and any other document or transaction entered into in connection herewith and its officers, directors, attorneys, employees and
agents and any authenticating agent for, and to hold them harmless against, any loss, claim (whether asserted by the Company,
a Holder or any Person), damage, liability or expense (including attorneys’ fees) incurred without gross negligence or willful
misconduct on the part of the Trustee, its officers, directors, attorneys, agents or employees, or such agent or authenticating
agent, as the case may be, as determined by a final, non-appealable decision of a court of competent jurisdiction, and arising
out of or in connection with the acceptance or administration of this Indenture or in any other capacity hereunder, including
the costs and expenses of defending themselves against any claim of liability in the premises or the enforcement of this Section
7.06. The obligations of the Company under this Section 7.06 to compensate or indemnify the Trustee and to pay or reimburse the
Trustee for expenses, disbursements and advances shall be secured by a senior lien to which the Notes are hereby made subordinate
on all money or property held or collected by the Trustee, except, subject to the effect of Section 6.05, funds held in trust
herewith for the benefit of the Holders of particular Notes, and, for the avoidance of doubt, such lien shall not be extended
in a manner that would conflict with the Company’s obligations to its other creditors. The Trustee’s right to receive
payment of any amounts due under this Section 7.06 shall not be subordinate to any other liability or indebtedness of the Company.
The obligation of the Company under this Section 7.06 shall survive the satisfaction and discharge of this Indenture and the earlier
resignation or removal of the Trustee. The Company need not pay for any settlement made without its consent, which consent shall
not be unreasonably withheld. The indemnification provided in this Section 7.06 shall extend to the officers, directors, agents
and employees of the Trustee.

 

Without
prejudice to any other rights available to the Trustee under applicable law, when the Trustee and its agents and any authenticating
agent incur expenses or render services after an Event of Default specified in Section 6.01(h) or Section 6.01(i) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency
or similar laws.

 

Section
7.07. Officer’s Certificate and Opinion of Counsel as Evidence. Except as otherwise provided in Section 7.01, whenever
in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved
or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of gross negligence or willful misconduct on the part of the Trustee, be deemed to
be conclusively proved and established by an Officer’s Certificate and Opinion of Counsel delivered to the Trustee, and
such Officer’s Certificate and Opinion of Counsel, in the absence of gross negligence or willful misconduct on the part
of the Trustee, shall be full warrant to the Trustee for any action taken or omitted by it under the provisions of this Indenture
upon the faith thereof.

 

    	 	46	 

    	 	 	 

    

 

Section
7.08. Eligibility of Trustee. There shall at all times be a Trustee hereunder which shall be a Person that is eligible
pursuant to the Trust Indenture Act (as if, for this purpose, the Trust Indenture Act were applicable hereto) to act as such and
has a combined capital and surplus of at least $50,000,000. If such Person publishes reports of condition at least annually, pursuant
to law or to the requirements of any supervising or examining authority, then for the purposes of this Section, the combined capital
and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect hereinafter specified in this Article.

 

Section
7.09. Resignation or Removal of Trustee. (a) The Trustee may at any time resign by giving written notice of such resignation
to the Company and by delivering notice thereof to the Holders. Upon receiving such notice of resignation, the Company shall promptly
appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which
instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have
been so appointed and have accepted appointment within 45 days after the giving of such notice of resignation to the Holders,
the resigning Trustee may, upon ten Business Days’ notice to the Company and the Holders and at the expense of the Company,
petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder who has been a bona fide
holder of a Note or Notes for at least six months (or since the date of this Indenture) may, subject to the provisions of Section
6.11, on behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a successor
trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

 

(b)
In case at any time any of the following shall occur:

 

(i)
the Trustee shall cease to be eligible in accordance with the provisions of Section 7.08 and shall fail to resign after written
request therefor by the Company or by any such Holder, or

 

(ii)
the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of
its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation,

 

    	 	47	 

    	 	 	 

    

 

then,
in either case, the Company may by a Board Resolution remove the Trustee and appoint a successor trustee by written instrument,
in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee, or, subject to the provisions of Section 6.11, any Holder who has been a bona fide holder
of a Note or Notes for at least six months (or since the date of this Indenture) may, on behalf of himself or herself and all
others similarly situated, petition any court of competent jurisdiction at the expense of the Company for the removal of the Trustee
and the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe,
remove the Trustee and appoint a successor trustee.

 

(c)
The Holders of a majority in aggregate principal amount of the Notes at the time outstanding, as determined in accordance with
Section 8.04, may at any time remove the Trustee and nominate a successor trustee that shall be deemed appointed as successor
trustee unless within ten days after notice to the Company of such nomination the Company objects thereto, in which case the Trustee
so removed or any Holder, upon the terms and conditions and otherwise as in Section 7.09(a) provided, may petition any court of
competent jurisdiction for an appointment of a successor trustee.

 

(d)
Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section
7.09 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.10.

 

Section
7.10. Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.09 shall execute, acknowledge
and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the
resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with
like effect as if originally named as Trustee herein; but, nevertheless, on the written request of the Company or of the successor
trustee, the trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06,
execute and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to
act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more fully and
certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless,
retain a senior lien to which the Notes are hereby made subordinate on all money or property held or collected by such trustee
as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts then due it pursuant
to the provisions of Section 7.06.

 

No
successor trustee shall accept appointment as provided in this Section 7.10 unless at the time of such acceptance such successor
trustee shall be eligible under the provisions of Section 7.08.

 

Upon
acceptance of appointment by a successor trustee as provided in this Section 7.10, each of the Company and the successor trustee,
at the written direction and at the expense of the Company shall deliver or cause to be delivered notice of the succession of
such trustee hereunder to the Holders. If the Company fails to deliver such notice within ten days after acceptance of appointment
by the successor trustee, the successor trustee shall cause such notice to be delivered at the expense of the Company.

 

    	 	48	 

    	 	 	 

    

 

Section
7.11. Succession by Merger, Etc. Any corporation or other entity into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation or other entity resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation or other entity succeeding to all or substantially all of the corporate trust
business of the Trustee (including the administration of this Indenture), shall be the successor to the Trustee hereunder without
the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that in the
case of any corporation or other entity succeeding to all or substantially all of the corporate trust business of the Trustee
such corporation or other entity shall be eligible under the provisions of Section 7.08.

 

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

 

Section
7.12. Trustee’s Application for Instructions from the Company. Any application by the Trustee for written instructions
from the Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects
the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any action
proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken
or such omission shall be effective. The Trustee shall not be liable to the Company for any action taken by, or omission of, the
Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date
shall not be less than three Business Days after notice that the Company has been deemed to have been given pursuant to Section
17.03, unless any such officer shall have consented in writing to any earlier date), unless, prior to taking any such action (or
the effective date in the case of any omission), the Trustee shall have received written instructions in accordance with this
Indenture in response to such application specifying the action to be taken or omitted.

 

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Article
8

Concerning the Holders

 

Section
8.01. Action by Holders. Whenever in this Indenture it is provided that the Holders of a specified percentage of the aggregate
principal amount of the Notes may take any action (including the making of any demand or request, the giving of any notice, consent
or waiver or the taking of any other action), the fact that at the time of taking any such action, the Holders of such specified
percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by
Holders in person or by agent or proxy appointed in writing, or (b) by the record of the Holders voting in favor thereof at any
meeting of Holders duly called and held in accordance with the provisions of Article 9, or (c) by a combination of such instrument
or instruments and any such record of such a meeting of Holders. Whenever the Company or the Trustee solicits the taking of any
action by the Holders of the Notes, the Company or the Trustee may fix, but shall not be required to, in advance of such solicitation,
a date as the record date for determining Holders entitled to take such action. The record date if one is selected shall be not
more than fifteen days prior to the date of commencement of solicitation of such action.

 

Section
8.02. Proof of Execution by Holders. Subject to the provisions of Section 7.01, Section 7.02 and Section 9.05, proof of
the execution of any instrument by a Holder or its agent or proxy shall be sufficient if made in accordance with such reasonable
rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding
of Notes shall be proved by the Note Register or by a certificate of the Note Registrar. The record of any Holders’ meeting
shall be proved in the manner provided in Section 9.06.

 

Section
8.03. Who Are Deemed Absolute Owners. The Company, the Trustee, any authenticating agent, any Paying Agent, any Conversion
Agent and any Note Registrar may deem the Person in whose name a Note shall be registered upon the Note Register to be, and may
treat it as, the absolute owner of such Note (whether or not such Note shall be overdue and notwithstanding any notation of ownership
or other writing thereon made by any Person other than the Company or any Note Registrar) for the purpose of receiving payment
of or on account of the principal (including any Redemption Price and any Fundamental Change Repurchase Price) of and (subject
to Section 2.03) accrued and unpaid interest on such Note, for conversion of such Note and for all other purposes under this Indenture;
and neither the Company nor the Trustee nor any Paying Agent nor any Conversion Agent nor any Note Registrar shall be affected
by any notice to the contrary. The sole registered holder of a Global Note shall be the Depositary or its nominee. All such payments
or deliveries so made to any Holder for the time being, or upon its order, shall be valid, and, to the extent of the sums or shares
of Common Stock so paid or delivered, effectual to satisfy and discharge the liability for monies payable or shares deliverable
upon any such Note. Notwithstanding anything to the contrary in this Indenture or the Notes following an Event of Default, any
owner of a beneficial interest in a Global Note may directly enforce against the Company, without the consent, solicitation, proxy,
authorization or any other action of the Depositary or any other Person, such holder’s right to exchange such beneficial
interest for a Note in certificated form in accordance with the provisions of this Indenture.

 

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Section
8.04. Company-Owned Notes Disregarded. In determining whether the Holders of the requisite aggregate principal amount of
Notes have concurred in any direction, consent, waiver or other action under this Indenture, Notes that are owned by the Company,
by any Subsidiary thereof or by any Person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Company or any Subsidiary thereof shall be disregarded and deemed not to be outstanding for the purpose of any
such determination; provided that for the purposes of determining whether the Trustee shall be protected in relying on
any such direction, consent, waiver or other action only Notes that a Responsible Officer actually knows are so owned shall be
so disregarded. Notes so owned that have been pledged in good faith may be regarded as outstanding for the purposes of this Section
8.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to so act with respect to such
Notes and that the pledgee is not the Company, a Subsidiary thereof or a Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company or a Subsidiary thereof. In the case of a dispute as to such right,
any decision or indecision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. Upon request
of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying all Notes,
if any, known by the Company to be owned or held by or for the account of any of the above described Persons; and, subject to
Section 7.01, the Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein
set forth and of the fact that all Notes not listed therein are outstanding for the purpose of any such determination.

 

Section
8.05. Revocation of Consents; Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee,
as provided in Section 8.01, of the taking of any action by the Holders of the percentage of the aggregate principal amount of
the Notes specified in this Indenture in connection with such action, any Holder of a Note that is shown by the evidence to be
included in the Notes the Holders of which have consented to such action may, by filing written notice with the Trustee at its
Corporate Trust Office and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Note.
Except as aforesaid, any such action taken by the Holder of any Note shall be conclusive and binding upon such Holder and upon
all future Holders and owners of such Note and of any Notes issued in exchange or substitution therefor or upon registration of
transfer thereof, irrespective of whether any notation in regard thereto is made upon such Note or any Note issued in exchange
or substitution therefor or upon registration of transfer thereof.

 

Article
9

Holders’ Meetings

 

Section
9.01. Purpose of Meetings. A meeting of Holders may be called at any time and from time to time pursuant to the provisions
of this Article 9 for any of the following purposes:

 

(a)
to give any notice to the Company or to the Trustee or to give any directions to the Trustee permitted under this Indenture, or
to consent to the waiving of any Default or Event of Default hereunder (in each case, as permitted under this Indenture) and its
consequences, or to take any other action authorized to be taken by Holders pursuant to any of the provisions of Article 6;

 

    	 	51	 

    	 	 	 

    

 

(b)
to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article 7;

 

(c)
to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02; or

 

(d)
to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal amount of
the Notes under any other provision of this Indenture or under applicable law.

 

Section
9.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of Holders to take any action specified in
Section 9.01, to be held at such time and at such place as the Trustee shall determine. Notice of every meeting of the Holders,
setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting and
the establishment of any record date pursuant to Section 8.01, shall be delivered to Holders of such Notes. Such notice shall
also be delivered to the Company. Such notices shall be delivered not less than 20 nor more than 90 days prior to the date fixed
for the meeting.

 

Any
meeting of Holders shall be valid without notice if the Holders of all Notes then outstanding are present in person or by proxy
or if notice is waived before or after the meeting by the Holders of all Notes then outstanding, and if the Company and the Trustee
are either present by duly authorized representatives or have, before or after the meeting, waived notice.

 

Section
9.03. Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a Board Resolution, or the Holders
of at least 10% of the aggregate principal amount of the Notes then outstanding, shall have requested the Trustee to call a meeting
of Holders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee
shall not have delivered the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders
may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 9.01,
by delivering notice thereof as provided in Section 9.02.

 

Section
9.04. Qualifications for Voting. To be entitled to vote at any meeting of Holders a Person shall (a) be a Holder of one
or more Notes on the record date pertaining to such meeting or (b) be a Person appointed by an instrument in writing as proxy
by a Holder of one or more Notes on the record date pertaining to such meeting. The only Persons who shall be entitled to be present
or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives
of the Trustee and its counsel and any representatives of the Company and its counsel.

 

Section
9.05. Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations
as it may deem advisable for any meeting of Holders, in regard to proof of the holding of Notes and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and
other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit.

 

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The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called
by the Company or by Holders as provided in Section 9.03, in which case the Company or the Holders calling the meeting, as the
case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting
shall be elected by vote of the Holders of a majority in aggregate principal amount of the outstanding Notes represented at the
meeting and entitled to vote at the meeting.

 

Subject
to the provisions of Section 8.04, at any meeting of Holders each Holder or proxyholder shall be entitled to one vote for each
$1,000 principal amount of Notes held or represented by him or her; provided, however, that no vote shall be cast
or counted at any meeting in respect of any Note challenged as not outstanding and ruled by the chairman of the meeting to be
not outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Notes held by it or instruments
in writing as aforesaid duly designating it as the proxy to vote on behalf of other Holders. Any meeting of Holders duly called
pursuant to the provisions of Section 9.02 or Section 9.03 may be adjourned from time to time by the Holders of a majority of
the aggregate principal amount of Notes represented at the meeting, whether or not constituting a quorum, and the meeting may
be held as so adjourned without further notice.

 

Section
9.06. Voting. The vote upon any resolution submitted to any meeting of Holders shall be by written ballot on which shall
be subscribed the signatures of the Holders or of their representatives by proxy and the outstanding aggregate principal amount
of the Notes held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall
count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting
their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each
meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports
of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts
setting forth a copy of the notice of the meeting and showing that said notice was delivered as provided in Section 9.02. The
record shall show the aggregate principal amount of the Notes voting in favor of or against any resolution. The record shall be
signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be
delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the
ballots voted at the meeting.

 

Any
record so signed and verified shall be conclusive evidence of the matters therein stated.

 

Section
9.07. No Delay of Rights by Meeting. Nothing contained in this Article 9 shall be deemed or construed to authorize or permit,
by reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder to make such call, any
hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders under any
of the provisions of this Indenture or of the Notes. Nothing contained in this Article 9 shall be deemed or construed to limit
any Holder’s actions pursuant to the applicable procedures of the Depositary so long as the Notes are Global Notes.

 

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Article
10

Supplemental Indentures

 

Section
10.01. Supplemental Indentures Without Consent of Holders. Without the consent of any Holder, the Company and the Trustee,
at the Company’s expense, may from time to time and at any time enter into an indenture or indentures supplemental hereto
for one or more of the following purposes:

 

(a)
to cure any ambiguity, omission, defect or inconsistency;

 

(b)
to provide for the assumption by a Successor Company of the obligations of the Company under this Indenture pursuant to Article
11;

 

(c)
to add guarantees with respect to the Notes;

 

(d)
to secure the Notes;

 

(e)
to add to the covenants or Events of Default of the Company for the benefit of the Holders or surrender any right or power conferred
upon the Company under this Indenture;

 

(f)
to make any change that does not adversely affect the rights of any Holder, as determined by the Company in good faith;

 

(g)
to increase the Conversion Rate as provided in this Indenture;

 

(h)
to provide for the acceptance of appointment by a successor trustee pursuant to Section 7.09 or to facilitate the administration
of the trusts by more than one trustee;

 

(i)
in connection with any Merger Event, to provide that the Notes are convertible into Reference Property, subject to the provisions
of Section 14.02, and make such related changes to the terms of the Notes to the extent expressly required by Section 14.07;

 

(j)
to comply with the rules of the Depositary in a manner that does not adversely affect the rights of any Holder;

 

(k)
to conform the provisions of this Indenture or the Notes to the “Description of Notes” section of the Offering Memorandum;
or

 

    	 	54	 

    	 	 	 

    

 

(l)
to irrevocably elect a Settlement Method or a Specified Dollar Amount, or eliminate the Company’s right to elect a Settlement
Method; provided, however, that no such settlement election or elimination will affect any Settlement Method theretofore elected
(or deemed to be elected) with respect to any Note pursuant to Article 14.

 

Upon
the written request of the Company, the Trustee is hereby authorized to, and shall join with the Company in the execution of any
such supplemental indenture, to make any further appropriate agreements and stipulations that may be therein contained, except
that the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental indenture that affects the
Trustee’s own rights, duties, liabilities or immunities under this Indenture or otherwise.

 

Any
supplemental indenture authorized by the provisions of this Section 10.01 may be executed by the Company and the Trustee without
the consent of the Holders of any of the Notes at the time outstanding, notwithstanding any of the provisions of Section 10.02.

 

Section
10.02. Supplemental Indentures with Consent of Holders. With the consent (evidenced as provided in Article 8) of the Holders
of at least a majority of the aggregate principal amount of the Notes then outstanding (determined in accordance with Article
8 and including, without limitation, consents obtained in connection with a repurchase of, or tender or exchange offer for, the
Notes), the Company and the Trustee, at the Company’s expense, may from time to time and at any time enter into an indenture
or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of this Indenture, the Notes or any supplemental indenture or of modifying in any manner the rights of the Holders;
provided, however, that, without the consent of each Holder of an outstanding Note affected, no such supplemental
indenture shall:

 

(a)
reduce the principal amount of Notes whose Holders must consent to an amendment;

 

(b)
reduce the rate of or extend the stated time for payment of interest on any Note;

 

(c)
reduce the principal of or extend the Maturity Date of any Note;

 

(d)
make any change that adversely affects the conversion rights of any Notes other than as required by this Indenture;

 

(e)
reduce the Redemption Price or the Fundamental Change Repurchase Price of any Note or amend or modify in any manner adverse to
the Holders the Company’s obligation to make such payments, whether through an amendment or waiver of provisions in the
covenants, definitions or otherwise;

 

(f)
make any Note payable in a currency, or at a place of payment, other than that stated in the Note;

 

(g)
change the ranking of the Notes;

 

    	 	55	 

    	 	 	 

    

 

(h)
impair the right of any Holder to receive payment of principal and interest on such Holder’s Notes on or after the due dates
therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Note; or

 

(i)
make any change in this Article 10 that requires each Holder’s consent or in the waiver provisions in Section 6.02 or Section
6.09.

 

Upon
the written request of the Company, and upon the filing with the Trustee of evidence of the consent of the requisite Holders as
aforesaid and subject to Section 10.05, the Trustee shall join with the Company in the execution of such supplemental indenture
unless such supplemental indenture affects the Trustee’s own rights, duties, liabilities or immunities under this Indenture
or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture.

 

Holders
do not need under this Section 10.02 to approve the particular form of any proposed supplemental indenture. It shall be sufficient
if such Holders approve the substance thereof. After any such supplemental indenture becomes effective, the Company shall deliver
to the Holders (with a copy to the Trustee) a notice briefly describing such supplemental indenture. However, the failure to give
such notice to all the Holders (with a copy to the Trustee), or any defect in the notice, will not impair or affect the validity
of the supplemental indenture.

 

Section
10.03. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture pursuant to the provisions of
this Article 10, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights,
limitation of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders shall
thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments and all
the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this
Indenture for any and all purposes.

 

Section
10.04. Notation on Notes. Notes authenticated and delivered after the execution of any supplemental indenture pursuant
to the provisions of this Article 10 may, at the Company’s request and expense, bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new Notes
so modified as to conform, in the opinion of the Trustee and the Company, to any modification of this Indenture contained in any
such supplemental indenture may, at the Company’s expense, be prepared and executed by the Company, authenticated, upon
receipt of a Company Order, by the Trustee (or an authenticating agent duly appointed by the Trustee pursuant to Section 17.10)
and delivered in exchange for the Notes then outstanding, upon surrender of such Notes then outstanding.

 

Section
10.05. Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee. In addition to the documents required
by Section 17.05, the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that
any supplemental indenture executed pursuant hereto complies with the requirements of this Article 10 and is permitted or authorized
by this Indenture and that the supplemental indenture constitutes the legal, valid and binding obligation of the Company enforceable
in accordance with its terms.

 

    	 	56	 

    	 	 	 

    

 

Article
11

Consolidation, Merger, Sale, Conveyance and Lease

 

Section
11.01. Company May Consolidate, Etc. on Certain Terms. Subject to the provisions of Section 11.02, the Company shall not
consolidate with, merge with or into, or sell, convey, transfer or lease all or substantially all of the consolidated properties
and assets of the Company and its Subsidiaries, taken as a whole, to another Person (other than one or more of its Wholly-Owned
Subsidiaries), unless:

 

(a)
the resulting, surviving or transferee Person (the “Successor Company”), if not the Company, shall be a corporation
organized and existing under the laws of the United States of America, any State thereof or the District of Columbia, and the
Successor Company (if not the Company) shall expressly assume by supplemental indenture all of the obligations of the Company
under the Notes and this Indenture;

 

(b)
immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing under
this Indenture; and

 

(c)
the Company shall have delivered to the Trustee an Officer’s Certificate and Opinion of Counsel to the Trustee.

 

Section
11.02. Successor Corporation to Be Substituted. In case of any such consolidation, merger, sale, conveyance, transfer or
lease and upon the assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory
in form to the Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest on all of the Notes,
the due and punctual delivery or payment, as the case may be, of any consideration due upon conversion of the Notes and the due
and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company, such Successor
Company (if not the Company) shall succeed to and, except in the case of a lease of all or substantially all of the Company’s
properties and assets, shall be substituted for the Company, with the same effect as if it had been named herein as the party
of the first part, and may thereafter exercise every right and power of the Company under this Indenture. Such Successor Company
thereupon may cause to be signed, and may issue either in its own name or in the name of the Company any or all of the Notes issuable
hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such
Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed,
the Trustee shall authenticate and shall deliver, or cause to be authenticated and delivered, any Notes that previously shall
have been signed and delivered by the Officers of the Company to the Trustee for authentication, and any Notes that such Successor
Company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Notes so issued shall in all
respects have the same legal rank and benefit under this Indenture as the Notes theretofore or thereafter issued in accordance
with the terms of this Indenture as though all of such Notes had been issued at the date of the execution hereof. In the event
of any such consolidation, merger, sale, conveyance or transfer (but not in the case of a lease), upon compliance with this Article
11 the Person named as the “Company” in the first paragraph of this Indenture (or any successor that shall thereafter
have become such in the manner prescribed in this Article 11) may be dissolved, wound up and liquidated at any time thereafter
and, except in the case of a lease, such Person shall be released from its liabilities as obligor and maker of the Notes and from
its obligations under this Indenture and the Notes.

 

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In
case of any such consolidation, merger, sale, conveyance, transfer or lease, such changes in phraseology and form (but not in
substance) may be made in the Notes thereafter to be issued as may be appropriate.

 

Article
12

Immunity of Incorporators, Stockholders, Officers and Directors

 

Section
12.01. Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of or accrued and
unpaid interest on any Note, nor for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any
obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture or in any Note, nor because
of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent,
Officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly
or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly
waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Notes.

 

Article
13

Intentionally Omitted

 

Article
14

Conversion of Notes

 

Section
14.01. Conversion Privilege. (a) Subject to and upon compliance with the provisions of this Article 14, each Holder of
a Note shall have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is $1,000
principal amount or an integral multiple thereof) of such Note (i) subject to satisfaction of the conditions described in Section
14.01(b), at any time prior to the close of business on the Business Day immediately preceding November 15, 2025 under the circumstances
and during the periods set forth in Section 14.01(b), and (ii) regardless of the conditions described in Section 14.01(b), on
or after November 15, 2025 and prior to the close of business on the second Scheduled Trading Day immediately preceding the Maturity
Date, in each case, at an initial conversion rate of 17.3063 shares of Common Stock (subject to adjustment as provided in this
Article 14, the “Conversion Rate”) per $1,000 principal amount of Notes (subject to, and in accordance with,
the settlement provisions of Section 14.02, the “Conversion Obligation”).

 

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(b)
(i) Prior to the close of business on the Business Day immediately preceding November 15, 2025, a Holder may surrender all or
any portion of its Notes for conversion at any time during the five Business Day period immediately after any five consecutive
Trading Day period (the “Measurement Period”) in which the Trading Price per $1,000 principal amount of Notes,
as determined following a request by a Holder of Notes in accordance with this Section 14.01(b)(i), for each Trading Day of the
Measurement Period was less than 98% of the product of the Last Reported Sale Price of the Common Stock on each such Trading Day
and the Conversion Rate on each such Trading Day. The Trading Prices shall be solicited by the Bid Solicitation Agent and determined
by the Company pursuant to this Section 14.01(b)(i) and the definition of Trading Price set forth in this Indenture. The Company
shall provide written notice to the Bid Solicitation Agent (if other than the Company) of the three independent nationally recognized
securities dealers selected by the Company pursuant to the definition of Trading Price, along with appropriate contact information
for each. The Bid Solicitation Agent (if other than the Company) shall have no obligation to solicit the Trading Price per $1,000
principal amount of Notes unless the Company has requested such solicitation in writing, and the Company shall have no obligation
to make such request (or, if the Company is acting as Bid Solicitation Agent, the Company shall have no obligation to solicit
and/or determine the Trading Price per $1,000 principal amount of Notes) unless a Holder of at least $5,000,000 aggregate principal
amount of Notes provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes would
be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate and the Company shall
instruct the three independent nationally recognized securities dealers to deliver bids to the Bid Solicitation Agent. At such
time, the Company shall instruct the Bid Solicitation Agent (if other than the Company) to solicit, or if the Company is acting
as Bid Solicitation Agent, the Company shall solicit such bids beginning on the next Trading Day and on each successive Trading
Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to 98% of the product of the Last Reported
Sale Price of the Common Stock and the Conversion Rate. The Company will determine the Trading Price in accordance with the bids
solicited by the Bid Solicitation Agent. If (x) the Company is not acting as Bid Solicitation Agent, and the Company does not,
when the Company is required to, instruct the Bid Solicitation Agent in writing to obtain the Trading Price per $1,000 principal
amount of Notes when obligated as provided in this Section 14.01(b)(i), or if the Company so instructs the Bid Solicitation Agent
to obtain bids and the Bid Solicitation Agent fails to make such solicitation, or (y) the Company is acting as Bid Solicitation
Agent and the Company fails to make such solicitation when obligated as provided in this Section 14.01(b)(i) then, in either case,
the Trading Price per $1,000 principal amount of Notes shall be deemed to be less than 98% of the product of the Last Reported
Sale Price of the Common Stock and the Conversion Rate on each Trading Day of such failure. If the Trading Price condition has
been met on any Trading Day, the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee)
in writing on or within one Business Day of such Trading Day. Any such determination will be conclusive absent manifest error.
If, at any time after the Trading Price condition set forth above has been met, the Trading Price per $1,000 principal amount
of Notes is greater than or equal to 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion
Rate for such Trading Day, the Company shall so notify the Holders of the Notes, the Trustee and the Conversion Agent (if other
than the Trustee) in writing that the Trading Price condition is no longer met and thereafter neither the Company nor the Bid
Solicitation Agent (if other than the Company) shall be required to solicit bids again until another qualifying request is made
as provided above.

 

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(ii)
If, prior to the close of business on the Business Day immediately preceding November 15, 2025, the Company elects to:

 

(A)
issue to all or substantially all holders of shares of the Common Stock any rights, options or warrants (other than in connection
with a stockholder rights plan so long as such rights have not separated from the shares of the Common Stock) entitling them,
for a period of not more than 60 calendar days after the announcement date of such issuance, to subscribe for or purchase shares
of the Common Stock at a price per share that is less than the average of the Last Reported Sale Prices of the Common Stock for
the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement
of such issuance; or

 

(B)
distribute to all or substantially all holders of shares of the Common Stock the Company’s assets, securities or rights
to purchase securities of the Company, which distribution has a per share value, as reasonably determined by the Company, exceeding
10% of the Last Reported Sale Price of the Common Stock on the Trading Day preceding the date of announcement for such distribution,

 

then,
in either case, the Company shall notify all Holders of the Notes (with a copy to the Trustee and the Conversion Agent (if other
than the Trustee)) at least 45 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution (or, if
later in the case of any such separation of rights issued pursuant to a stockholder rights plan, as soon as reasonably practicable
after the Company becomes aware that such separation or triggering event has occurred or will occur). Once the Company has given
such notice, a Holder may surrender all or any portion of its Notes for conversion at any time until the earlier of (1) the close
of business on the Business Day immediately preceding the Ex-Dividend Date for such issuance or distribution and (2) the Company’s
announcement that such issuance or distribution will not take place, in each case, even if the Notes are not otherwise convertible
at such time; provided that Holders of the Notes may not convert their Notes pursuant to this Section 14.01(b)(ii) if they
participate, at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes,
in any of the transactions described in clause (A) or (B) of this Section 14.01(b)(ii) without having to convert their Notes as
if they held a number of shares of the Common Stock equal to the applicable Conversion Rate as of the record date for such distribution,
multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.

 

    	 	60	 

    	 	 	 

    

 

(iii)
If (i) a transaction or event that constitutes (x) a Fundamental Change or (y) a Make-Whole Fundamental Change occurs prior to
the close of business on the Business Day immediately preceding November 15, 2025, regardless of whether a Holder has the right
to require the Company to repurchase the Notes pursuant to Section 15.02, or (ii) the Company is a party to a Merger Event (as
defined below) (other than a Merger Event that is solely for the purpose of changing the Company’s jurisdiction of organization
that (x) does not constitute a Fundamental Change or a Make-Whole Fundamental Change and (y) results in a reclassification, conversion
or exchange of outstanding shares of the Common Stock solely into shares of common stock of the surviving entity and such common
stock becomes Reference Property for the Notes) that occurs prior to the close of business on the Business Day immediately preceding
November 15, 2025 (each such Fundamental Change, Make-Whole Fundamental Change or Merger Event, a “Corporate Event”),
all or any portion of a Holder’s Notes may be surrendered for conversion at any time from and after the effective date for
such Corporate Event until the earlier of (x) 35 Scheduled Trading Days after the effective date of such Corporate Event (or,
if the Company gives notice of such Corporate Event after the effective date of such Corporate Event, until 35 Trading Days after
the date the Company gives notice of such Corporate Event), or if such Corporate Event also constitutes a Fundamental Change,
until the close of business on the Business Day immediately preceding the related Fundamental Change Repurchase Date and (y) the
close of business on the second Scheduled Trading Day immediately preceding the Maturity Date. The Company shall notify Holders,
the Trustee and the Conversion Agent (if other than the Trustee) in writing no later than the effective date of such Corporate
Event.

 

(iv)
Prior to the close of business on the Business Day immediately preceding November 15, 2025, a Holder may surrender all or any
portion of its Notes for conversion at any time during any calendar quarter commencing after the calendar quarter ending on March
31, 2021 (and only during such calendar quarter), if the Last Reported Sale Price of the Common Stock for at least 20 Trading
Days (whether or not consecutive) during the period of 30 consecutive Trading Days ending on, and including, the last Trading
Day of the immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price on each applicable
Trading Day. Neither the Trustee nor the Conversion Agent (if other than the Trustee) shall have any duty to determine or verify
the determination of whether the sale price condition in this Section 14.01(b)(iv) has been met.

 

(v)
If the Company calls any Note for Optional Redemption pursuant to Article 16 prior to the close of business on the Business Day
immediately preceding November 15, 2025, then the Holder of the Note called for Optional Redemption may surrender such Note for
conversion at any time prior to the close of business on the second Scheduled Trading Day prior to the Redemption Date, on account
of the Company’s delivery of a Redemption Notice, even if such Note is not otherwise convertible at such time. After that
time, the right to convert such Note on account of the Company’s delivery of the Redemption Notice shall expire, unless
the Company defaults in the payment of the Redemption Price, in which case a Holder of the Note called for Optional Redemption
may convert such Note (or a portion thereof) until the close of business on the Trading Day immediately preceding the date on
which the Redemption Price has been paid or duly provided for. If the Company elects to redeem less than all of the Notes in accordance
with Article 16 and a Holder (or any owner of a beneficial interest in any Global Note) is reasonably not able to determine, before
the close of business on the 44th Scheduled Trading Day immediately before the relevant Redemption Date, whether such
Note or beneficial interest, as applicable, is to be redeemed pursuant to such redemption, then such Holder or owner, as applicable,
will be entitled to convert such Note or beneficial interest, as applicable, at any time before the close of business on the second
Scheduled Trading Day prior to such Redemption Date, unless the Company defaults in the payment of the Redemption Price, in which
case such Holder or owner, as applicable, will be entitled to convert such Note or beneficial interest, as applicable, until the
close of business on the Trading Day immediately preceding the date on which the Redemption Price has been paid or duly provided
for, and each such conversion will be deemed to be of a Note called for redemption.

 

    	 	61	 

    	 	 	 

    

 

Section
14.02. Conversion Procedure; Settlement upon Conversion.

 

(a)
Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall satisfy its
Conversion Obligation by paying or delivering, as the case may be, to the converting Holder, in respect of each $1,000 principal
amount of Notes being converted, cash (“Cash Settlement”), shares of Common Stock, together with cash, if applicable,
in lieu of delivering any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Physical
Settlement”) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of delivering
any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”),
at its election, as set forth in this Section 14.02.

 

(i)
All conversions for which the relevant Conversion Dates occurs (x) on or after November 15, 2025 shall be settled using the same
Settlement Method or (y) during a Redemption Period shall be settled using the same Settlement Method.

 

(ii)
Except for any conversions for which the relevant Conversion Date occurs during a Redemption Period and any conversions for which
the relevant Conversion Date occurs on or after November 15, 2025, the Company shall use the same Settlement Method for all conversions
occurring on the same Conversion Date, but the Company shall not have any obligation to use the same Settlement Method with respect
to conversions that occur on different Conversion Dates.

 

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(iii)
If, in respect of any Conversion Date (or in the case of any conversions occurring (x) during a Redemption Period or (y) on or
after November 15, 2025), the Company elects to deliver a notice (the “Settlement Notice”) of the relevant
Settlement Method in respect of such Conversion Date (or such period, as the case may be), the Company shall deliver such Settlement
Notice to converting Holders, the Trustee and the Conversion Agent (if other than the Trustee) no later than the close of business
on the Scheduled Trading Day immediately following the relevant Conversion Date (or, in the case of any conversions occurring
(x) during a Redemption Period, in such Redemption Notice, or (y) on or after November 15, 2025, no later than the close of business
on Scheduled Trading Day immediately preceding November 15, 2025) (in each case, the “Settlement Method Election Deadline”).
If the Company does not timely elect a Settlement Method prior to the deadline set forth in the immediately preceding sentence,
the Company shall no longer have the right to elect Cash Settlement or Physical Settlement for such Conversion Date or during
such period and the Company shall be deemed to have elected Combination Settlement in respect of its Conversion Obligation, and
the Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000. Such Settlement Notice shall specify
the relevant Settlement Method and in the case of an election of Combination Settlement, the relevant Settlement Notice shall
indicate the Specified Dollar Amount per $1,000 principal amount of Notes. If the Company timely delivers a Settlement Notice
electing Combination Settlement in respect of its Conversion Obligation but does not indicate a Specified Dollar Amount per $1,000
principal amount of Notes in such Settlement Notice, the Specified Dollar Amount per $1,000 principal amount of Notes shall be
deemed to be $1,000.

 

By
notice to Holders, the Trustee and the Conversion Agent (if other than the Trustee), the Company may, prior to November 15, 2025,
at its option, irrevocably elect to satisfy its Conversion Obligation with respect to the Notes through Combination Settlement
with a Specified Dollar Amount per $1,000 principal amount of Notes of at least $1,000 for all Conversion Dates occurring subsequent
to delivery of such notice. If the Company irrevocably elects Combination Settlement with an ability to continue to set the Specified
Dollar Amount per $1,000 principal amount of Notes at or above a specific amount, the Company will, after the date of such election,
inform Holders converting their Notes, the Trustee and the Conversion Agent (if other than the Trustee) of such Specified Dollar
Amount no later than the relevant Settlement Method Election Deadline, or, if the Company does not timely notify Holders, the
Trustee and the Conversion Agent (if other than the Trustee), such Specified Dollar Amount will be the specific amount set forth
in the Settlement Notice or, if no specific amount was set forth in the Settlement Notice, such Specified Dollar Amount will be
$1,000 per $1,000 principal amount of Notes. The irrevocable election will apply to all Note conversions on Conversion Dates occurring
subsequent to delivery of such notice; provided, however, that no such election will affect any settlement method theretofore
elected (or deemed to be elected) with respect to any Note. For the avoidance of doubt, such an irrevocable election, if made,
will be effective without the need to amend this Indenture or the Notes, including pursuant to Section 10.01(l). However, the
Company may nonetheless choose to execute such an amendment at its option.

 

    	 	63	 

    	 	 	 

    

 

If
the Company irrevocably fixes the Settlement Method pursuant to this Section 14.02(a)(iii), then, concurrently with providing
notice to Holders of the Notes, the Trustee and the Conversion Agent (if other than the Trustee) of such election, the Company
shall either post the fixed settlement method on its website or disclose the same in a current report on Form 8-K (or any successor
form) that is filed with the Commission.

 

(iv)
The cash, shares of Common Stock or combination of cash and shares of Common Stock in respect of any conversion of Notes (the
“Settlement Amount”) shall be computed as follows:

 

(A)
if the Company elects to satisfy its Conversion Obligation in respect of such conversion by Physical Settlement, the Company shall
deliver to the converting Holder in respect of each $1,000 principal amount of Notes being converted a number of shares of Common
Stock equal to the Conversion Rate in effect on the Conversion Date;

 

(B)
if the Company elects to satisfy its Conversion Obligation in respect of such conversion by Cash Settlement, the Company shall
pay to the converting Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount equal to the
sum of the Daily Conversion Values for each of the 40 consecutive Trading Days during the related Observation Period; and

 

(C)
if the Company elects (or is deemed to have elected) to satisfy its Conversion Obligation in respect of such conversion by Combination
Settlement, the Company shall pay or deliver, as the case may be, to the converting Holder in respect of each $1,000 principal
amount of Notes being converted, a Settlement Amount equal to the sum of the Daily Settlement Amounts for each of the 40 consecutive
Trading Days during the related Observation Period.

 

(v)
The Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if applicable) shall be determined by the Company
promptly following the last day of the Observation Period. Promptly after such determination of the Daily Settlement Amounts or
the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering any fractional share of
Common Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement
Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering fractional shares
of Common Stock. The Trustee and the Conversion Agent (if other than the Trustee) shall have no responsibility for any such determination.

 

(b)
Subject to Section 14.02(e), before any Holder of a Note shall be entitled to convert a Note as set forth above, such Holder shall
(i) in the case of a Global Note, comply with the applicable procedures of the Depositary in effect at that time and, if required,
pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section
14.02(h) and (ii) in the case of a Physical Note (1) complete, manually sign and deliver an irrevocable notice to the Conversion
Agent as set forth in the Form of Notice of Conversion (or a facsimile, PDF or other electronic transmission thereof) (a notice
pursuant to the applicable procedures of the Depositary or a notice as set forth in the Form of Notice of Conversion, a “Notice
of Conversion”) at the office of the Conversion Agent and state in writing therein the principal amount of Notes to
be converted and the name or names (with addresses) in which such Holder wishes the certificate or certificates for any shares
of Common Stock to be delivered upon settlement of the Conversion Obligation to be registered, (2) surrender such Notes, duly
endorsed to the Company or in blank (and accompanied by appropriate endorsement and transfer documents), at the office of the
Conversion Agent, (3) if required, furnish appropriate endorsements and transfer documents and (4) if required, pay funds equal
to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.02(h). The
Trustee (and, if different, the Conversion Agent) shall notify the Company of any conversion pursuant to this Article 14 on the
Conversion Date for such conversion. No Notes may be surrendered for conversion by a Holder thereof if such Holder has also delivered
a Fundamental Change Repurchase Notice to the Company in respect of such Notes and has not validly withdrawn such Fundamental
Change Repurchase Notice in accordance with Section 15.03.

 

    	 	64	 

    	 	 	 

    

 

If
more than one Note shall be surrendered for conversion at one time by the same Holder, the Conversion Obligation with respect
to such Notes shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to
the extent permitted thereby) so surrendered.

 

(c)
A Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion
Date”) that the Holder has complied with the requirements set forth in subsection (b) above. Except as set forth in
‎Section 14.03(b) and Section 14.07(a), the Company shall pay or deliver, as the case may be, the consideration due in respect
of the Conversion Obligation on the second Business Day immediately following the relevant Conversion Date, if the Company elects
Physical Settlement, or on the second Business Day immediately following the last Trading Day of the relevant Observation Period,
in the case of any other Settlement Method. If any shares of Common Stock are due to a converting Holder, the Company shall issue
or cause to be issued, and deliver to the Conversion Agent or to such Holder, or such Holder’s nominee or nominees, certificates
or a book-entry transfer through the Depositary for the full number of shares of Common Stock to which such Holder shall be entitled
in satisfaction of the Company’s Conversion Obligation.

 

(d)
In case any Note shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and
deliver to or upon the written order of the Holder of the Note so surrendered a new Note or Notes in authorized denominations
in an aggregate principal amount equal to the unconverted portion of the surrendered Note, without payment of any service charge
by the converting Holder but, if required by the Company or Trustee, with payment of a sum sufficient to cover any documentary,
stamp or similar issue or transfer tax or similar governmental charge required by law or that may be imposed in connection therewith
as a result of the name of the Holder of the new Notes issued upon such conversion being different from the name of the Holder
of the old Notes surrendered for such conversion.

 

    	 	65	 

    	 	 	 

    

 

(e)
If a Holder submits a Note for conversion, the Company shall pay any documentary, stamp or similar issue or transfer tax due on
the issue of any shares of Common Stock upon conversion, unless the tax is due because the Holder requests such shares to be issued
in a name other than the Holder’s name, in which case the Holder shall pay such tax. The Conversion Agent may refuse to
deliver the certificates representing the shares of Common Stock being issued in a name other than the Holder’s name until
the Trustee receives a sum sufficient to pay any tax that is due by such Holder in accordance with the immediately preceding sentence.

 

(f)
Except as provided in Section 14.04, no adjustment shall be made for dividends on any shares of Common Stock issued upon the conversion
of any Note as provided in this Article 14.

 

(g)
Upon the conversion of an interest in a Global Note, the Trustee, or the Custodian at the direction of the Trustee, shall make
a notation on such Global Note as to the reduction in the principal amount represented thereby. The Company shall notify the Trustee
in writing of any conversion of Notes effected through any Conversion Agent other than the Trustee.

 

(h)
Upon conversion, a Holder shall not receive any separate cash payment for accrued and unpaid interest, if any, except as set forth
below. The Company’s settlement of the full Conversion Obligation shall be deemed to satisfy in full its obligation to pay
the principal amount of the Note and accrued and unpaid interest, if any, to, but excluding, the relevant Conversion Date. As
a result, accrued and unpaid interest, if any, to, but excluding, the relevant Conversion Date shall be deemed to be paid in full
rather than cancelled, extinguished or forfeited. Upon a conversion of Notes into a combination of cash and shares of Common Stock,
accrued and unpaid interest will be deemed to be paid first out of the cash paid upon such conversion. Notwithstanding the foregoing,
if Notes are converted after the close of business on a Regular Record Date and prior to the open of business on the corresponding
Interest Payment Date, Holders of such Notes as of the close of business on such Regular Record Date will receive the full amount
of interest payable on such Notes on the corresponding Interest Payment Date notwithstanding the conversion. Notes surrendered
for conversion during the period from the close of business on any Regular Record Date to the open of business on the immediately
following Interest Payment Date must be accompanied by funds equal to the amount of interest payable on the Notes so converted;
provided that no such payment shall be required (1) for conversions following the Regular Record Date immediately preceding
the Maturity Date; (2) if the Company has specified a Fundamental Change Repurchase Date that is after a Regular Record Date and
on or prior to the Business Day immediately succeeding the corresponding Interest Payment Date; (3) if the Company has specified
a Redemption Date that is after a Regular Record Date and on or prior to the second Scheduled Trading Day immediately succeeding
the corresponding Interest Payment Date; or (4) to the extent of any Defaulted Amounts, if any Defaulted Amounts exists at the
time of conversion with respect to such Note. Therefore, for the avoidance of doubt, all Holders of record on the Regular Record
Date immediately preceding the Maturity Date, ay Fundamental Change Repurchase Date or Redemption Date, in each case, as described
above, shall receive the full interest payment due on the Maturity Date or other applicable Interest Payment Date in cash regardless
of whether their Notes have been converted and/or repurchased, as applicable, following such Regular Record Date.

 

    	 	66	 

    	 	 	 

    

 

(i)
The Person in whose name the certificate for any shares of Common Stock delivered upon conversion is registered shall be treated
as a stockholder of record as of the close of business on the relevant Conversion Date (if the Company elects to satisfy the related
Conversion Obligation by Physical Settlement) or the last Trading Day of the relevant Observation Period (if the Company elects
to satisfy the related Conversion Obligation by Combination Settlement), as the case may be. Upon a conversion of Notes, such
Person shall no longer be a Holder of such Notes surrendered for conversion.

 

(j)
The Company shall not issue any fractional share of Common Stock upon conversion of the Notes and shall instead pay cash in lieu
of delivering any fractional share of Common Stock issuable upon conversion based on the Daily VWAP on the relevant Conversion
Date (in the case of Physical Settlement) or based on the Daily VWAP on the last Trading Day of the relevant Observation Period
(in the case of Combination Settlement). For each Note surrendered for conversion, if the Company has elected (or is deemed to
have elected) Combination Settlement, the full number of shares that shall be issued upon conversion thereof shall be computed
on the basis of the aggregate Daily Settlement Amounts for the relevant Observation Period and any fractional shares remaining
after such computation shall be paid in cash.

 

Section
14.03. Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes
or During a Redemption Period. (a) If (x) the Effective Date of a Make-Whole Fundamental Change occurs prior to the Maturity
Date and a Holder elects to convert its Notes (or any portion thereof) in connection with such Make-Whole Fundamental Change or
(y) the Company issues a Redemption Notice pursuant to Section 16.02 and a Holder of a Note called (or deemed called) for redemption
elects to convert its Notes (or any portion thereof) during the related Redemption Period, the Company shall, under the circumstances
described below, increase the Conversion Rate for the Notes so surrendered for conversion by a number of additional shares of
Common Stock (the “Additional Shares”), as described below. A conversion of Notes shall be deemed for these
purposes to be “in connection with” such Make-Whole Fundamental Change if the relevant Conversion Date occurs during
the period from, and including, the Effective Date of the Make-Whole Fundamental Change up to, and including, the Business Day
immediately prior to the related Fundamental Change Repurchase Date (or, in the case of a Make-Whole Fundamental Change that would
have been a Fundamental Change but for the proviso in clause (b) of the definition thereof, the 35th Trading Day immediately
following the Effective Date of such Make-Whole Fundamental Change) (such period, the “Make-Whole Fundamental Change
Period”). For the avoidance of doubt, the Company shall increase the Conversion Rate for the Notes during the related
Redemption Period only with respect to conversion of Notes called (or deemed called) for redemption, and not for Notes not called
(and not deemed called) for redemption. If the Company elects to redeem less than all of the Notes, a Holder of the Notes not
called (or not deemed called) for redemption will not be entitled to an increased Conversion Rate for conversions of such Notes
(on account of the Redemption Notice) from, and including, the Redemption Notice Date until the close of business on the second
Scheduled Trading Day immediately preceding the Redemption Date, except in the limited circumstances set forth in Section 14.01(b)(v).

 

    	 	67	 

    	 	 	 

    

 

(b)
Upon surrender of Notes for conversion during a Make-Whole Fundamental Change Period or during a Redemption Period, the Company
shall, at its option, satisfy the related Conversion Obligation by Physical Settlement, Cash Settlement or Combination Settlement
in accordance with Section 14.02 based on the Conversion Rate as increased to reflect the Additional Shares pursuant to the table
below; provided, however, that, if the Reference Property in any Make-Whole Fundamental Change described in clause
(b) of the definition of Fundamental Change is composed entirely of cash, for any conversion of Notes following the Effective
Date of such Make-Whole Fundamental Change, the Conversion Obligation shall be calculated based solely on the Stock Price for
the transaction and shall be deemed to be an amount of cash per $1,000 principal amount of converted Notes equal to the Conversion
Rate (including any increase to reflect the Additional Shares), multiplied by such Stock Price. In such event, the Conversion
Obligation shall be determined and paid to Holders in cash on the second Business Day following the Conversion Date. The Company
shall notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing of the Effective Date of
any Make-Whole Fundamental Change no later than five Business Days after such Effective Date.

 

(c)
The number of Additional Shares, if any, by which the Conversion Rate shall be increased for conversions during the Make-Whole
Fundamental Change Period or during the Redemption Period shall be determined by reference to the table below, based on the date
on which the Make-Whole Fundamental Change occurs or becomes effective (the “Effective Date”) or the Redemption
Notice Date, as the case may be, and the price (the “Stock Price”) paid (or deemed to be paid) per share of
the Common Stock in the Make-Whole Fundamental Change or on the Redemption Notice Date, as applicable, as set forth in this Section
14.03. If the holders of the Common Stock receive in exchange for their Common Stock only cash in a Make-Whole Fundamental Change
described in clause (b) of the definition of Fundamental Change, the Stock Price shall be the cash amount paid per share. In the
case of any other Make-Whole Fundamental Change or in the case of any Optional Redemption, the Stock Price shall be the average
of the Last Reported Sale Prices of the Common Stock over the five consecutive Trading Day period ending on, and including, the
Trading Day immediately preceding the Effective Date of the Make-Whole Fundamental Change or the Redemption Notice Date, as the
case may be. In the event that a Conversion Date occurs during both a Redemption Period and a Make-Whole Fundamental Change Period,
a Holder of any such Notes to be converted will be entitled to a single increase to the Conversion Rate with respect to the first
to occur of the applicable Redemption Notice Date or Effective Date, and the later event shall be deemed not to have occurred
for purposes of this Section 14.03.

 

(d)
The Stock Prices set forth in the column headings of the table below shall be adjusted as of any date on which the Conversion
Rate of the Notes is otherwise adjusted. The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to
such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to such adjustment
giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional
Shares set forth in the table below shall be adjusted in the same manner and at the same time as the Conversion Rate as set forth
in Section 14.04.

 

    	 	68	 

    	 	 	 

    

 

(e)
The following table sets forth the number of Additional Shares by which the Conversion Rate shall be increased per $1,000 principal
amount of Notes pursuant to this Section 14.03 for each Stock Price and Effective Date or Redemption Notice Date, as applicable,
set forth below:

 

	Effective
    Date / Redemption	 	Stock
    Price	 
	Notice
    Date	 	$	39.85	 	 	$	50.00	 	 	$	57.78	 	 	$	65.00	 	 	$	75.12	 	 	$	85.00	 	 	$	100.00	 	 	$	125.00	 	 	$	150.00	 	 	$	175.00	 	 	$	200.00	 	 	$	250.00	 	 	$	300.00	 
	February
    2, 2021	 	 	7.7878	 	 	 	5.2372	 	 	 	4.0317	 	 	 	3.2434	 	 	 	2.4698	 	 	 	1.9488	 	 	 	1.4184	 	 	 	0.9050	 	 	 	0.6169	 	 	 	0.4383	 	 	 	0.3196	 	 	 	0.1764	 	 	 	0.0985	 
	February
    15, 2022	 	 	7.7878	 	 	 	5.0274	 	 	 	3.7892	 	 	 	2.9937	 	 	 	2.2288	 	 	 	1.7260	 	 	 	1.2276	 	 	 	0.7627	 	 	 	0.5114	 	 	 	0.3594	 	 	 	0.2599	 	 	 	0.1413	 	 	 	0.0772	 
	February
    15, 2023	 	 	7.7878	 	 	 	4.7336	 	 	 	3.4550	 	 	 	2.6546	 	 	 	1.9084	 	 	 	1.4356	 	 	 	0.9867	 	 	 	0.5914	 	 	 	0.3894	 	 	 	0.2712	 	 	 	0.1951	 	 	 	0.1048	 	 	 	0.0558	 
	February
    15, 2024	 	 	7.7878	 	 	 	4.3222	 	 	 	2.9839	 	 	 	2.1814	 	 	 	1.4732	 	 	 	1.0539	 	 	 	0.6855	 	 	 	0.3928	 	 	 	0.2558	 	 	 	0.1786	 	 	 	0.1291	 	 	 	0.0693	 	 	 	0.0357	 
	February
    15, 2025	 	 	7.7878	 	 	 	3.7112	 	 	 	2.2558	 	 	 	1.4632	 	 	 	0.8524	 	 	 	0.5476	 	 	 	0.3257	 	 	 	0.1826	 	 	 	0.1229	 	 	 	0.0887	 	 	 	0.0657	 	 	 	0.0358	 	 	 	0.0177	 
	February
    15, 2026	 	 	7.7878	 	 	 	2.6938	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 

 

The
exact Stock Prices and Effective Dates or Redemption Notice Dates may not be set forth in the table above, in which case:

 

(i)
if the Stock Price is between two Stock Prices in the table above or the Effective Date or the Redemption Notice Date, as the
case may be, is between two Effective Dates or Redemption Notice Dates in the table above, as the case may be, the number of Additional
Shares by which the Conversion Rate shall be increased shall be determined by a straight-line interpolation between the number
of Additional Shares set forth for the higher and lower Stock Prices and the earlier and later Effective Dates or Redemption Notice
Dates, as applicable, based on a 365-day year or 366-day year, as applicable;

 

(ii)
if the Stock Price is greater than $300.00 per share (subject to adjustment in the same manner as the Stock Prices set forth in
the column headings of the table above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion
Rate; and

 

(iii)
if the Stock Price is less than $39.85 per share (subject to adjustment in the same manner as the Stock Prices set forth in the
column headings of the table above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion Rate.

 

Notwithstanding
the foregoing, in no event shall the Conversion Rate per $1,000 principal amount of Notes exceed 25.0941 shares of Common Stock,
subject to adjustment in the same manner as the Conversion Rate pursuant to Section 14.04.

 

    	 	69	 

    	 	 	 

    

 

(f)
Nothing in this Section 14.03 shall prevent an adjustment to the Conversion Rate pursuant to Section 14.04 in respect of a Make-Whole
Fundamental Change.

 

Section
14.04. Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company if any of
the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes
participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same
time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions
described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal
to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.

 

(a)
If the Company exclusively issues shares of Common Stock as a dividend or distribution on shares of the Common Stock, or if the
Company effects a share split or share combination, the Conversion Rate shall be adjusted based on the following formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date of such dividend or distribution,
    or immediately prior to the open of business on the Effective Date of such share split or share combination, as applicable;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date or Effective Date, as the case may
    be;
	 	 	 	 
	OS0	=	 	the
    number of shares of Common Stock outstanding immediately prior to the open of business on such Ex-Dividend Date or Effective
    Date (before giving effect to any such dividend, distribution, share split or share combination), as the case may be; and
	 	 	 	 
	OS’	=	 	the
    number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, share split or
    share combination, as the case may be.

 

Any
adjustment made under this Section 14.04(a) shall become effective immediately after the open of business on the Ex-Dividend Date
for such dividend or distribution, or immediately after the open of business on the Effective Date for such share split or share
combination, as applicable. If any dividend or distribution of the type described in this Section 14.04(a) is declared but not
so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines
not to pay such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution
had not been declared.

 

    	 	70	 

    	 	 	 

    

 

(b)
If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants (other than in connection
with a stockholder rights plan) entitling them, for a period of not more than 60 calendar days after the announcement date of
such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the average of the
Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading
Day immediately preceding the date of announcement of such issuance, the Conversion Rate shall be increased based on the following
formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such issuance;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date;
	 	 	 	 
	OS0	=	 	the
    number of shares of Common Stock outstanding immediately prior to the open of business on such Ex-Dividend Date;
	 	 	 	 
	X	=	 	the
    total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
	 	 	 	 
	Y	=	 	the
    number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants, divided
    by the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending
    on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options
    or warrants.

 

Any
increase made under this Section 14.04(b) shall be made successively whenever any such rights, options or warrants are issued
and shall become effective immediately after the open of business on the Ex-Dividend Date for such issuance. To the extent that
shares of the Common Stock are not delivered after the expiration of such rights, options or warrants, the Conversion Rate shall
be decreased to the Conversion Rate that would then be in effect had the increase with respect to the issuance of such rights,
options or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. If such
rights, options or warrants are not so issued, the Conversion Rate shall be decreased to the Conversion Rate that would then be
in effect if such Ex-Dividend Date for such issuance had not occurred.

 

    	 	71	 

    	 	 	 

    

 

For
purposes of this Section 14.04(b) and Section 14.01(b)(ii)(A), in determining whether any rights, options or warrants entitle
the holders of Common Stock to subscribe for or purchase shares of the Common Stock at less than such average of the Last Reported
Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately
preceding the date of announcement of such issuance, and in determining the aggregate offering price of such shares of Common
Stock, there shall be taken into account any consideration received by the Company for such rights, options or warrants and any
amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the
Company.

 

(c)
If the Company distributes shares of its Capital Stock, evidences of its indebtedness, other assets or property of the Company
or rights, options or warrants to acquire its Capital Stock or other securities of the Company, to all or substantially all holders
of the Common Stock, excluding (i) dividends, distributions or issuances (including share splits) as to which an adjustment was
effected pursuant to Section 14.04(a) or Section 14.04(b), (ii) dividends or distributions paid exclusively in cash as to which
an adjustment was effected pursuant to Section 14.04(d), (iii) rights issued pursuant a stockholder rights plan except as set
forth in Section 14.11, (iv) distributions of Reference Property in a transaction described in Section 14.07 and (v) Spin-Offs
as to which the provisions set forth below in this Section 14.04(c) shall apply (any of such shares of Capital Stock, evidences
of indebtedness, other assets or property or rights, options or warrants to acquire Capital Stock or other securities, the “Distributed
Property”), then the Conversion Rate shall be increased based on the following formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such distribution;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the open of business on such Ex-Dividend Date;
	 	 	 	 
	SP0	=	 	the
    average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including,
    the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
	 	 	 	 
	FMV	=	 	the
    fair market value (as determined by the Company) of the Distributed Property with respect to each outstanding share of the
    Common Stock on the Ex-Dividend Date for such distribution.

 

Any
increase made under the portion of this Section 14.04(c) above shall become effective immediately after the open of business on
the Ex-Dividend Date for such distribution. If such distribution is not so paid or made, the Conversion Rate shall be decreased
to the Conversion Rate that would then be in effect if such distribution had not been declared.

 

    	 	72	 

    	 	 	 

    

 

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

 

With
respect to an adjustment pursuant to this Section 14.04(c) where there has been a payment of a dividend or other distribution
on the Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to any of its
Subsidiaries or other business units of the Company, that are, or, when issued, will be, listed or admitted for trading on a U.S.
national securities exchange (a “Spin-Off”), the Conversion Rate shall be increased based on the following
formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the end of the Valuation Period;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the end of the Valuation Period;
	 	 	 	 
	FMV0	=	 	the
    average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of the Common
    Stock applicable to one share of the Common Stock (determined by reference to the definition of Last Reported Sale Price as
    set forth in Section 1.01 as if references therein to Common Stock were to such Capital Stock or similar equity interest)
    over the first 10 consecutive Trading Day period after, and including, the Ex-Dividend Date of the Spin-Off (the “Valuation
    Period”) provided that, if there is no Last Reported Sale Price of the Capital Stock or similar equity interest
    distributed to holders of the Common Stock on such Ex-Dividend Date, the “Valuation Period” shall be the 10 consecutive
    Trading Day period after, and including the first Trading Day such Last Reported Sale Price is available; and
	 	 	 	 
	MP0	=	 	the
    average of the Last Reported Sale Prices of the Common Stock over the Valuation Period.

 

The
adjustment to the Conversion Rate under the preceding paragraph shall occur at the close of business on the last Trading Day of
the Valuation Period; provided that (x) in respect of any conversion of Notes for which Physical Settlement is applicable,
if the relevant Conversion Date occurs during the Valuation Period, references to “10” in the portion of this Section
14.04(c) related to Spin-Offs shall be deemed to be replaced with such lesser number of Trading Days as have elapsed from, and
including, the Ex-Dividend Date of such Spin-Off to, and including, the Conversion Date in determining the Conversion Rate and
(y) in respect of any conversion of Notes for which Cash Settlement or Combination Settlement is applicable, for any Trading Day
that falls within the relevant Observation Period for such conversion and within the Valuation Period, references to “10”
in the portion of this Section 14.04(c) related to Spin-Offs shall be deemed to be replaced with such lesser number of Trading
Days as have elapsed from, and including, the Ex-Dividend Date of such Spin-Off to, and including, such Trading Day in determining
the Conversion Rate as of such Trading Day of such Observation Period. If any dividend or distribution that constitutes a Spin-Off
is declared but not so paid or made, the Conversion Rate shall be immediately decreased, effective as of the date the Board of
Directors determines not to pay or make such dividend or distribution, to the Conversion Rate that would then be in effect if
such dividend or distribution had not been declared or announced.

 

    	 	73	 

    	 	 	 

    

 

For
purposes of this Section 14.04(c) (and subject in all respect to Section 14.11), rights, options or warrants distributed by the
Company to all holders of the Common Stock entitling them to subscribe for or purchase shares of the Company’s Capital Stock,
including Common Stock (either initially or under certain circumstances), which rights, options or warrants, until the occurrence
of a specified event or events (“Trigger Event”): (i) are deemed to be transferred with such shares of the
Common Stock; (ii) are not exercisable; and (iii) are also issued in respect of future issuances of the Common Stock, shall be
deemed not to have been distributed for purposes of this Section 14.04(c) (and no adjustment to the Conversion Rate under this
Section 14.04(c) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights, options or warrants
shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made
under this Section 14.04(c). If any such right, option or warrant, including any such existing rights, options or warrants distributed
prior to the date of this Indenture, are subject to events, upon the occurrence of which such rights, options or warrants become
exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any
and each such event shall be deemed to be the date of distribution and Ex-Dividend Date with respect to new rights, options or
warrants with such rights (in which case the existing rights, options or warrants shall be deemed to terminate and expire on such
date without exercise by any of the holders thereof). In addition, in the event of any distribution (or deemed distribution) of
rights, options or warrants, or any Trigger Event or other event (of the type described in the immediately preceding sentence)
with respect thereto that was counted for purposes of calculating a distribution amount for which an adjustment to the Conversion
Rate under this Section 14.04(c) was made, (1) in the case of any such rights, options or warrants that shall all have been redeemed
or purchased without exercise by any holders thereof, upon such final redemption or purchase (x) the Conversion Rate shall be
readjusted as if such rights, options or warrants had not been issued and (y) the Conversion Rate shall then again be readjusted
to give effect to such distribution, deemed distribution or Trigger Event, as the case may be, as though it were a cash distribution,
equal to the per share redemption or purchase price received by a holder or holders of Common Stock with respect to such rights,
options or warrants (assuming such holder had retained such rights, options or warrants), made to all holders of Common Stock
as of the date of such redemption or purchase, and (2) in the case of such rights, options or warrants that shall have expired
or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights, options
and warrants had not been issued.

 

    	 	74	 

    	 	 	 

    

 

For
purposes of Section 14.04(a), Section 14.04(b) and this Section 14.04(c), if any dividend or distribution to which this Section
14.04(c) is applicable also includes one or both of:

 

(A)
a dividend or distribution of shares of Common Stock to which Section 14.04(a) is applicable (the “Clause A Distribution”);
or

 

(B)
a dividend or distribution of rights, options or warrants to which Section 14.04(b) is applicable (the “Clause B Distribution”),

 

then,
in either case, (1) such dividend or distribution, other than the Clause A Distribution and the Clause B Distribution, shall be
deemed to be a dividend or distribution to which this Section 14.04(c) is applicable (the “Clause C Distribution”)
and any Conversion Rate adjustment required by this Section 14.04(c) with respect to such Clause C Distribution shall then be
made, and (2) the Clause A Distribution and Clause B Distribution shall be deemed to immediately follow the Clause C Distribution
and any Conversion Rate adjustment required by Section 14.04(a) and Section 14.04(b) with respect thereto shall then be made,
except that, if determined by the Company (I) the “Ex-Dividend Date” of the Clause A Distribution and the Clause B
Distribution shall be deemed to be the Ex-Dividend Date of the Clause C Distribution and (II) any shares of Common Stock included
in the Clause A Distribution or Clause B Distribution shall be deemed not to be “outstanding immediately prior to the open
of business on such Ex-Dividend Date or Effective Date” within the meaning of Section 14.04(a) or “outstanding immediately
prior to the open of business on such Ex-Dividend Date” within the meaning of Section 14.04(b).

 

(d)
If the Company makes any cash dividend or distribution to all or substantially all holders of the Common Stock, the Conversion
Rate shall be adjusted based on the following formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the open of business on the Ex-Dividend Date for such dividend or distribution;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the open of business on the Ex-Dividend Date for such dividend or distribution;
	 	 	 	 
	SP0	=	 	the
    Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend
    or distribution; and
	 	 	 	 
	C	=	 	the
    amount in cash per share the Company distributes to all or substantially all holders of the Common Stock.

 

    	 	75	 

    	 	 	 

    

 

Any
increase made under this Section 14.04(d) shall become effective immediately after the open of business on the Ex-Dividend Date
for such dividend or distribution. If such dividend or distribution is not so paid, the Conversion Rate shall be decreased, effective
as of the date the Board of Directors determines not to make or pay such dividend or distribution, to be the Conversion Rate that
would then be in effect if such dividend or distribution had not been declared. Notwithstanding the foregoing, if “C”
(as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase,
each Holder of a Note shall receive, for each $1,000 principal amount of Notes it holds, at the same time and upon the same terms
as holders of shares of the Common Stock, the amount of cash that such Holder would have received if such Holder owned a number
of shares of Common Stock equal to the Conversion Rate in effect on the Ex-Dividend Date for such cash dividend or distribution.

 

(e)
If the Company or any of its Subsidiaries make a payment in respect of a tender or exchange offer for the Common Stock that is
subject to the then applicable tender offer rules under the Exchange Act, other than an odd lot tender offer, to the extent that
the cash and value of any other consideration included in the payment per share of the Common Stock exceeds the average of the
Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading
Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender or exchange offer, the Conversion
Rate shall be increased based on the following formula:

 

 

where,

 

	CR0	=	 	the
    Conversion Rate in effect immediately prior to the close of business on the 10th Trading Day immediately following, and including,
    the Trading Day next succeeding the date such tender or exchange offer expires;
	 	 	 	 
	CR’	=	 	the
    Conversion Rate in effect immediately after the close of business on the 10th Trading Day immediately following, and including,
    the Trading Day next succeeding the date such tender or exchange offer expires;
	 	 	 	 
	AC	=	 	the
    aggregate value of all cash and any other consideration (as determined by the Company) paid or payable for shares of Common
    Stock purchased in such tender or exchange offer;
	 	 	 	 
	OS0	=	 	the
    number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer expires (prior to
    giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);
	 	 	 	 
	OS’	=	 	the
    number of shares of Common Stock outstanding immediately after the date such tender or exchange offer expires (after giving
    effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);
    and
	 	 	 	 
	SP’	=	 	the
    average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period commencing on, and
    including, the Trading Day next succeeding the date such tender or exchange offer expires.

 

    	 	76	 

    	 	 	 

    

 

The
adjustment to the Conversion Rate under this Section 14.04(e) shall occur at the close of business on the 10th Trading Day immediately
following, and including, the Trading Day next succeeding the date such tender or exchange offer expires; provided that
(x) in respect of any conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion Date occurs
during the 10 Trading Days immediately following, and including, the Trading Day next succeeding the expiration date of any tender
or exchange offer, references to “10” or “10th” in this Section 14.04(e) shall be deemed replaced with
such lesser number of Trading Days as have elapsed from, and including, the Trading Day next succeeding the expiration date of
such tender or exchange offer to, and including, such Conversion Date in determining the Conversion Rate and (y) in respect of
any conversion of Notes for which Cash Settlement or Combination Settlement is applicable, for any Trading Day that falls within
the relevant Observation Period for such conversion and within the 10 Trading Days immediately following, and including, the Trading
Day next succeeding the expiration date of any tender or exchange offer, references to “10” or “10th”
in this Section 14.04(e) shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including,
the Trading Day next succeeding the expiration date of such tender or exchange offer to, and including, such Trading Day in determining
the Conversion Rate as of such Trading Day. If the Company or one of its Subsidiaries is obligated to purchase Common Stock pursuant
to any such tender or exchange offer described in this Section 14.04(e) but the Company is, or such Subsidiary is, permanently
prevented by applicable law from effecting any such purchase or all such purchases are rescinded, the Conversion Rate will be
decreased to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made or had been
made only in respect of the purchases that have been effected.

 

(f)
Notwithstanding this Section 14.04 or any other provision of this Indenture or the Notes, if a Conversion Rate adjustment becomes
effective on any Ex-Dividend Date, and a Holder that has converted its Notes on or after such Ex-Dividend Date and on or prior
to the related Record Date would be treated as the record holder of the shares of Common Stock as of the related Conversion Date
as described under Section 14.02(i) based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the
Conversion Rate adjustment provisions in this Section 14.04, the Conversion Rate adjustment relating to such Ex-Dividend Date
shall not be made for such converting Holder. Instead, such Holder shall be treated as if such Holder were the record owner of
the shares of Common Stock on an unadjusted basis and participate in the related dividend, distribution or other event giving
rise to such adjustment.

 

    	 	77	 

    	 	 	 

    

 

(g)
Except as stated herein, the Company shall not adjust the Conversion Rate for the issuance of shares of the Common Stock or any
securities convertible into or exchangeable for shares of the Common Stock or the right to purchase shares of the Common Stock
or such convertible or exchangeable securities.

 

(h)
In addition to those adjustments required by clauses (a), (b), (c), (d) and (e) of this Section 14.04, and subject to the applicable
listing standards of The New York Stock Exchange (or, if the Common Stock is not then listed on The New York Stock Exchange, the
applicable listing standards of the principal other U.S. national or regional securities exchange on which the Common Stock is
listed), the Company from time to time may increase the Conversion Rate by any amount for a period of at least 20 Business Days
if the Board of Directors determines that such increase would be in the Company’s best interest. In addition, subject to
the applicable listing standards of The New York Stock Exchange (or, if the Common Stock is not then listed on The New York Stock
Exchange, the applicable listing standards of the principal other U.S. national or regional securities exchange on which the Common
Stock is listed), the Company may (but is not required to) increase the Conversion Rate to avoid or diminish any income tax to
holders of Common Stock or rights to purchase Common Stock in connection with a dividend or distribution of shares of Common Stock
(or rights to acquire shares of Common Stock) or similar event.

 

(i)
Notwithstanding anything to the contrary in this Article 14, the Conversion Rate shall not be adjusted:

 

(i)
upon the issuance of shares of Common Stock at a price below the Conversion Price or otherwise, other than any such issuance described
in Section 14.04(a), Section 14.04(b) and Section 14.04(c) above;

 

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

 

(iii)
upon the issuance of any shares of Common Stock or options or rights to purchase those shares pursuant to any present or future
employee, director or consultant benefit or incentive plan or program (including pursuant to any evergreen plan) of or assumed
by the Company or any of the Company’s Subsidiaries;

 

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

 

(v)
for a third-party tender offer by any party other than a tender offer by one or more of the Company’s Subsidiaries as described
in Section 14.04(e) above;

 

(vi)
upon the repurchase of any shares of Common Stock pursuant to an open-market share repurchase program or other buy-back transaction
(including, without limitation, through any structured or derivative transactions such as accelerated share repurchase transactions
or similar forward derivatives), or other buy-back transaction, that is not a tender offer or exchange offer of the nature described
in Section 14.04(e);

 

    	 	78	 

    	 	 	 

    

 

(vii)
solely for a change in the par value (or lack of par value) of the Common Stock; or

 

(viii)
for accrued and unpaid interest, if any.

 

(j)
The Company shall not be required to make an adjustment pursuant to clauses (a), (b), (c), (d) or (e) of this Section 14.04 unless
such adjustment would result in a change of at least 1% of the then effective Conversion Rate. However, the Company shall carry
forward any adjustment that the Company would otherwise have to make and take that adjustment into account in any subsequent adjustment.
Notwithstanding the foregoing, all such carried-forward adjustments shall be made with respect to the Notes (i) when the aggregate
of all such carried-forward adjustments equals or exceeds 1% of the Conversion Rate, (ii) regardless of whether the aggregate
adjustment is less than 1% of the Conversion Rate, (x) on the Conversion Date for any Notes (in the case of Physical Settlement)
and (y) on each Trading Day of any Observation Period (in the case of Cash Settlement or Combination Settlement) (iii) November
15, 2025, (iv) on any date on which a Redemption Notice is delivered by the Company and (v) on the Effective Date of any Make-Whole
Fundamental Change, in each case, unless the adjustment has already been made. All calculations and other determinations under
this Article 14 shall be made by the Company and shall be made to the nearest one-ten thousandth (1/10,000th) of a share.

 

(k)
Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly file with the Trustee (and the Conversion
Agent if not the Trustee) an Officer’s Certificate setting forth the Conversion Rate after such adjustment and setting forth
a brief statement of the facts requiring such adjustment. Neither the Trustee nor the Conversion Agent shall have any responsibility
to verify the accuracy of any adjustment to the Conversion Rate. Unless and until a Responsible Officer of the Trustee shall have
received such Officer’s Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion
Rate and may assume without inquiry that the last Conversion Rate of which it has knowledge is still in effect. Promptly after
delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted
Conversion Rate and the date on which each adjustment becomes effective and shall deliver such notice of such adjustment of the
Conversion Rate to each Holder. Failure to deliver such notice shall not affect the legality or validity of any such adjustment.

 

(l)
For purposes of this Section 14.04, the number of shares of Common Stock at any time outstanding shall not include shares of Common
Stock held in the treasury of the Company so long as the Company does not pay any dividend or make any distribution on shares
of Common Stock held in the treasury of the Company, but shall include shares of Common Stock issuable in respect of scrip certificates
issued in lieu of fractions of shares of Common Stock.

 

    	 	79	 

    	 	 	 

    

 

Section
14.05. Adjustments of Prices. Whenever any provision of this Indenture requires the Company to calculate the Last Reported
Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts over a span of multiple days (including,
without limitation, an Observation Period and the period, if any, for determining the Stock Price for purposes of a Make-Whole
Fundamental Change or a Notice of Redemption), the Company shall make appropriate adjustments (without duplication in respect
of any adjustment made pursuant to the provisions described under Section 14.04) to each to account for any adjustment to the
Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date,
Effective Date or expiration date of the event occurs, at any time during the period when the Last Reported Sale Prices, the Daily
VWAPs, the Daily Conversion Values or the Daily Settlement Amounts are to be calculated.

 

Section
14.06. Shares to Be Fully Paid. The Company shall use its commercially reasonable efforts to provide, free from preemptive
rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for
conversion of the Notes from time to time as such Notes are presented for conversion (assuming delivery of the maximum number
of Additional Shares pursuant to Section 14.03 and that at the time of computation of such number of shares, all such Notes would
be converted by a single Holder and that Physical Settlement is applicable).

 

Section
14.07. Effect of Recapitalizations, Reclassifications and Changes of the Common Stock.

 

(a)
In the case of:

 

(i)
any recapitalization, reclassification or change of the Common Stock (other than a change to par value, or from par value to no
par value, or changes resulting from a subdivision or combination),

 

(ii)
any consolidation, merger, combination or similar transaction involving the Company,

 

(iii)
any sale, lease or other transfer to a third party of the consolidated assets of the Company and the Company’s Subsidiaries
substantially as an entirety or

 

(iv)
any statutory share exchange,

 

in
each case, as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property
or assets (including cash or any combination thereof) (any such event, a “Merger Event”), then, at and after
the effective time of such Merger Event, the right to convert each $1,000 principal amount of Notes shall be changed into a right
to convert such principal amount of Notes into the kind and amount of shares of stock, other securities or other property or assets
(including cash or any combination thereof) that a holder of a number of shares of Common Stock equal to the Conversion Rate immediately
prior to such Merger Event would have owned or been entitled to receive (the “Reference Property”, with each
“unit of Reference Property” meaning the kind and amount of Reference Property that a holder of one share of
Common Stock is entitled to receive) upon such Merger Event and, at the effective time of such Merger Event, the Company or the
successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture permitted Section
10.01(i) providing for such change in the right to convert each $1,000 principal amount of Notes; provided, however,
that at and after the effective time of the Merger Event (A) the Company or the successor or acquiring Person, as the case may
be, shall continue to have the right to determine the form of consideration to be paid or delivered, as the case may be, upon
conversion of Notes in accordance with Section 14.02 and (B) (I) any amount payable in cash upon conversion of the Notes in accordance
with Section 14.02 shall continue to be payable in cash, (II) any shares of Common Stock that the Company would have been required
to deliver upon conversion of the Notes in accordance with Section 14.02 shall instead be deliverable in the amount and type of
Reference Property that a holder of that number of shares of Common Stock would have received in such Merger Event and (III) the
Daily VWAP shall be calculated based on the value of a unit of Reference Property.

 

    	 	80	 

    	 	 	 

    

 

If
the Merger Event causes the Common Stock to be converted into, or exchanged for, the right to receive more than a single type
of consideration, then the Reference Property into which the Notes will be convertible shall be deemed to be the weighted average
of the types and amounts of consideration actually received by the holders of Common Stock. If the holders of the Common Stock
receive only cash in such Merger Event, then for all conversions for which the relevant Conversion Date occurs after the effective
date of such Merger Event (A) the consideration due upon conversion of each $1,000 principal amount of Notes shall be solely cash
in an amount equal to the Conversion Rate in effect on the Conversion Date (as may be increased by any Additional Shares pursuant
to Section 14.03), multiplied by the price paid per share of Common Stock in such Merger Event and (B) the Company shall
satisfy the Conversion Obligation by paying cash to converting Holders on the second Business Day immediately following the relevant
Conversion Date. The Company shall notify Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing
of such weighted average as soon as reasonably practicable after such determination is made.

 

If
the Reference Property in respect of any such Merger Event includes, in whole or in part, shares of Common Equity, the supplemental
indenture described in the second immediately preceding paragraph shall provide for anti-dilution and other adjustments that shall
be as nearly equivalent as is possible to the adjustments provided for in this Article 14 with respect to the portion of Reference
Property constituting such Common Equity. If, in the case of any Merger Event, the Reference Property includes shares of stock,
securities or other property or assets (other than cash and/or cash equivalents) of a Person other than the Company or the successor
or purchasing corporation, as the case may be, in such Merger Event, then such supplemental indenture shall also be executed by
such other Person and shall contain such additional provisions to protect the interests of the Holders as the Company shall reasonably
consider necessary by reason of the foregoing, including the provisions providing for the purchase rights set forth in Article
15. The Company shall not become party to any such Merger Event unless its terms are consistent with this Section 14.07.

 

    	 	81	 

    	 	 	 

    

 

(b)
When the Company executes a supplemental indenture pursuant to subsection (a) of this Section 14.07, the Company shall promptly
file with the Trustee an Officer’s Certificate briefly stating the reasons therefor, the kind or amount of cash, securities
or property or asset that will comprise a unit of Reference Property after any such Merger Event, any adjustment to be made with
respect thereto and that all conditions precedent have been complied with, and shall promptly deliver or cause to be delivered
notice thereof to all Holders. The Company shall cause notice of the execution of such supplemental indenture to be delivered
to each Holder within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality or validity
of such supplemental indenture.

 

(c)
None of the foregoing provisions shall affect the right of a holder of Notes to convert its Notes into cash, shares of Common
Stock or a combination of cash and shares of Common Stock, as applicable, as set forth in Section 14.01 and Section 14.02 prior
to the effective date of such Merger Event.

 

(d)
The above provisions of this Section shall similarly apply to successive Merger Events.

 

(e)
Upon the consummation of any Merger Event, references to “Common Stock” shall be deemed to refer to any Reference
Property that constitutes capital stock after giving effect to such Merger Event.

 

Section
14.08. Certain Covenants. (a) The Company covenants that all shares of Common Stock issued upon conversion of Notes will
be fully paid and non-assessable by the Company and free from all taxes, liens and charges with respect to the issue thereof.

 

(b)
The Company covenants that, if any shares of Common Stock to be provided for the purpose of conversion of Notes hereunder require
registration with or approval of any governmental authority under any federal or state law before such shares of Common Stock
may be validly issued upon conversion, the Company will, to the extent then permitted by the rules and interpretations of the
Commission, secure such registration or approval, as the case may be.

 

(c)
The Company further covenants that if at any time the Common Stock shall be listed on any national securities exchange or automated
quotation system the Company will list and keep listed, so long as the Common Stock shall be so listed on such exchange or automated
quotation system, any Common Stock issuable upon conversion of the Notes.

 

    	 	82	 

    	 	 	 

    

 

Section
14.09. Responsibility of Trustee. The Trustee and any other Conversion Agent shall not at any time be under any duty or
responsibility to any Holder to determine the Conversion Rate (or any adjustment thereto) or whether any facts exist that may
require any adjustment (including any increase) of the Conversion Rate, or with respect to the nature or extent or calculation
of any such adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided
to be employed, in making the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the validity
or value (or the kind or amount) of any shares of Common Stock, or of any securities, property or cash that may at any time be
issued or delivered upon the conversion of any Note; and the Trustee and any other Conversion Agent make no representations with
respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer
or deliver any shares of Common Stock or stock certificates or other securities or property or cash upon the surrender of any
Note for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained
in this Article. Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be under
any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant
to Section 14.07 relating either to the kind or amount of shares of stock or securities or property (including cash) receivable
by Holders upon the conversion of their Notes after any event referred to in such Section 14.07 or to any adjustment to be made
with respect thereto, but, subject to the provisions of Section 7.01, may accept (without any independent investigation) as conclusive
evidence of the correctness of any such provisions, and shall be protected in conclusively relying upon, the Officer’s Certificate
(which the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with
respect thereto. Neither the Trustee nor the Conversion Agent shall be responsible for determining whether any event contemplated
by Section 14.01(b) has occurred that makes the Notes eligible for conversion or no longer eligible therefor until the Company
has delivered to the Trustee and the Conversion Agent the notices referred to in Section 14.01(b) with respect to the commencement
or termination of such conversion rights, on which notices the Trustee and the Conversion Agent may conclusively rely, and the
Company agrees to deliver such notices to the Trustee and the Conversion Agent immediately after the occurrence of any such event
or at such other times as shall be provided for in Section 14.01(b). Except as otherwise expressly provided herein, neither the
Trustee nor any other agent acting under this Indenture (other than the Company, if acting in such capacity) shall have any obligation
to make any calculation or to determine whether the Notes may be surrendered for conversion pursuant to this Indenture, or to
notify the Company or the Depositary or any of the Holders if the Notes have become convertible pursuant to the terms of this
Indenture.

 

Section
14.10. Notice to Holders Prior to Certain Actions. In case of any:

 

(a)
action by the Company or one of its Subsidiaries that would require an adjustment in the Conversion Rate pursuant to Section 14.04
or Section 14.11; or

 

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

 

then,
in each case (unless notice of such event is otherwise required pursuant to another provision of this Indenture), the Company
shall cause to be filed with the Trustee and the Conversion Agent (if other than the Trustee) and to be delivered to each Holder,
as promptly as possible but in any event at least 10 days prior to the applicable date hereinafter specified, a notice stating
(i) the date on which a record is to be taken for the purpose of such action by the Company or one of its Subsidiaries or, if
a record is not to be taken, the date as of which the holders of Common Stock of record are to be determined for the purposes
of such action by the Company or one of its Subsidiaries, or (ii) the date on which such dissolution, liquidation or winding-up
is expected to become effective or occur, and the date as of which it is expected that holders of Common Stock of record shall
be entitled to exchange their Common Stock for securities or other property deliverable upon such dissolution, liquidation or
winding-up. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such action by the
Company or one of its Subsidiaries, dissolution, liquidation or winding-up.

 

    	 	83	 

    	 	 	 

    

 

Section
14.11. Stockholder Rights Plans. If the Company has a stockholder rights plan in effect upon conversion of the Notes, each
share of Common Stock, if any, issued upon such conversion shall be entitled to receive the appropriate number of rights, if any,
and the certificates representing the Common Stock issued upon such conversion shall bear such legends, if any, in each case as
may be provided by the terms of any such stockholder rights plan, as the same may be amended from time to time. However, if, prior
to any conversion of Notes, the rights have separated from the shares of Common Stock in accordance with the provisions of the
applicable stockholder rights plan so that the Holders would not be entitled to receive any rights in respect of Common Stock,
if any, issuable upon conversion of the Notes, the Conversion Rate shall be adjusted at the time of separation as if the Company
distributed to all or substantially all holders of the Common Stock Distributed Property as provided in Section 14.04(c), subject
to readjustment in the event of the expiration, termination or redemption of such rights.

 

Section
14.12. Exchange In Lieu Of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election,
direct the Conversion Agent to surrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such
Notes to one or more financial institutions designated by the Company (each, a “Designated Institution”) for
exchange in lieu of conversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion
for exchange in lieu of conversion, the Designated Institution(s) must agree to timely pay and/or deliver, as the case may be,
in exchange for such Notes, the cash, shares of Common Stock or combination of cash and Common Stock, at the Company’s election,
that would otherwise be due upon conversion (the “Conversion Consideration”) as described in Section 14.02
above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the
relevant Conversion Date, notify the Holder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other
than the Trustee), in writing that it has made an Exchange Election, and the Company shall concurrently notify the Designated
Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of conversion consideration
to be paid and/or delivered, as the case may be. Any Notes exchanged by the Designated Institution(s) will remain outstanding,
subject to applicable procedures of the Depositary.

 

(b)
If the Designated Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case
may be, the related Conversion Consideration to the Conversion Agent, or if the Designated Institution(s) do(es) not accept such
Notes for exchange, the Company shall, within the time period specified in Section 14.02(c), pay and/or deliver, as the case may
be, the Conversion Consideration in accordance with the provisions of Section 14.02.

 

    	 	84	 

    	 	 	 

    

 

(c)
For the avoidance of doubt, in no event will the Company’s designation of any Designated Institution(s) pursuant to this
Section 14.12 require the Designated Institution(s) to accept any Notes for exchange.

 

Article
15

Repurchase of Notes at Option of Holders

 

Section
15.01. Intentionally Omitted.

 

Section
15.02. Repurchase at Option of Holders Upon a Fundamental Change. (a) If a Fundamental Change occurs at any time prior
to the Maturity Date, each Holder shall have the right, at such Holder’s option, to require the Company to repurchase for
cash all of such Holder’s Notes, or any portion thereof properly surrendered and not validly withdrawn pursuant to Section
15.03 that is equal to $1,000 or an integral multiple of $1,000, on the date (the “Fundamental Change Repurchase Date”)
specified by the Company that is not less than 20 Business Days or more than 35 Business Days following the date of the Fundamental
Change Company Notice at a repurchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest
thereon to, but excluding, the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”),
unless the Fundamental Change Repurchase Date falls after a Regular Record Date but on or prior to the Interest Payment Date to
which such Regular Record Date relates, in which case the Company shall instead pay the full amount of accrued and unpaid interest
to Holders of record as of such Regular Record Date, and the Fundamental Change Repurchase Price shall be equal to 100% of the
principal amount of Notes to be repurchased pursuant to this Article 15.

 

(b)
Repurchases of Notes under this Section 15.02 shall be made, at the option of the Holder thereof, upon:

 

(i)
delivery to the Paying Agent by a Holder of a duly completed notice (the “Fundamental Change Repurchase Notice”)
in the form set forth in Attachment 2 to the Form of Note attached hereto as Exhibit A, if the Notes are Physical Notes, or in
compliance with the Depositary’s procedures for surrendering interests in Global Notes, if the Notes are Global Notes, in
each case on or before the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date;
and

 

(ii)
delivery of the Notes, if the Notes are Physical Notes, to the Paying Agent at any time after delivery of the Fundamental Change
Repurchase Notice (together with all necessary endorsements for transfer) at the Corporate Trust Office of the Paying Agent, or
book-entry transfer of the Notes, if the Notes are Global Notes, in compliance with the procedures of the Depositary, in each
case such delivery being a condition to receipt by the Holder of the Fundamental Change Repurchase Price therefor.

 

    	 	85	 

    	 	 	 

    

 

The
Fundamental Change Repurchase Notice in respect of any Physical Notes to be repurchased shall state:

 

(i)
the certificate numbers of the Notes to be delivered for repurchase;

 

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

 

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

 

If
the Notes are Global Notes, to exercise the Fundamental Change repurchase right, Holders must surrender their Notes in accordance
with applicable Depositary procedures.

 

Notwithstanding
anything herein to the contrary, any Holder delivering to the Paying Agent the Fundamental Change Repurchase Notice contemplated
by this Section 15.02 shall have the right to withdraw, in whole or in part, such Fundamental Change Repurchase Notice at any
time prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase Date by delivery
of a written notice of withdrawal to the Paying Agent in accordance with Section 15.03.

 

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

 

(c)
On or before the 20th Business Day after the occurrence of the effective date of a Fundamental Change, the Company shall provide
to all Holders and the Trustee, the Conversion Agent (in the case of a Conversion Agent other than the Trustee) and the Paying
Agent (in the case of a Paying Agent other than the Trustee) a written notice (the “Fundamental Change Company Notice”)
of the occurrence of the effective date of the Fundamental Change and of the repurchase right at the option of the Holders arising
as a result thereof. In the case of Physical Notes, such notice shall be by first class mail or, in the case of Global Notes,
such notice shall be delivered in accordance with the applicable procedures of the Depositary. Each Fundamental Change Company
Notice shall specify:

 

(i)
the events causing the Fundamental Change;

 

(ii)
the effective date of the Fundamental Change;

 

(iii)
the last date on which a Holder may exercise the repurchase right pursuant to this Article 15;

 

(iv)
the Fundamental Change Repurchase Price;

 

(v)
the Fundamental Change Repurchase Date;

 

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

 

    	 	86	 

    	 	 	 

    

 

(vii)
if applicable, the Conversion Rate and any adjustments to the Conversion Rate as a result of such Fundamental Change (or related
Make-Whole Fundamental Change);

 

(viii)
that the Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a Holder may be converted only
if the Holder withdraws the Fundamental Change Repurchase Notice in accordance with the terms of this Indenture; and

 

(ix)
the procedures that Holders must follow to require the Company to repurchase their Notes.

 

No
failure of the Company to give the foregoing notices and no defect therein shall limit the Holders’ repurchase rights or
affect the validity of the proceedings for the repurchase of the Notes pursuant to this Section 15.02.

 

At
the Company’s request, given at least five days prior to the date the Fundamental Change Company Notice is to be sent (or
such lesser amount of time as agreed to by the Trustee in its reasonable discretion), the Trustee shall give such notice in the
Company’s name and at the Company’s expense; provided, however, that, in all cases, the text of such
Fundamental Change Company Notice shall be prepared by the Company.

 

Simultaneously
with providing such notice, the Company shall publish the information on its website or through such other public medium as it
may use at that time.

 

(d)
Notwithstanding the foregoing, no Notes may be repurchased by the Company on any date at the option of the Holders upon a Fundamental
Change if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to
such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Fundamental Change
Repurchase Price with respect to such Notes). The Paying Agent will promptly return to the respective Holders thereof any Physical
Notes held by it during the acceleration of the Notes (except in the case of an acceleration resulting from a Default by the Company
in the payment of the Fundamental Change Repurchase Price with respect to such Notes), or any instructions for book-entry transfer
of the Notes in compliance with the applicable procedures of the Depositary shall be deemed to have been cancelled, and, upon
such return or cancellation, as the case may be, the Fundamental Change Repurchase Notice with respect thereto shall be deemed
to have been withdrawn.

 

(e)
Notwithstanding anything to the contrary in this Article 15, the Company shall not be required to repurchase, or to make an offer
to repurchase, the Notes upon a Fundamental Change if a third party makes such an offer in the same manner, at the same time and
otherwise in compliance with the requirements for an offer made by the Company as set forth in this Article 15 and such third
party purchases all Notes properly surrendered and not validly withdrawn under its offer in the same manner, at the same time
and otherwise in compliance with the requirements for an offer made by the Company as set forth above.

 

    	 	87	 

    	 	 	 

    

 

Section
15.03. Withdrawal of Fundamental Change Repurchase Notice. (a) A Fundamental Change Repurchase Notice may be withdrawn
(in whole or in part) in respect of Physical Notes by means of a written notice of withdrawal received by the Paying Agent in
accordance with this Section 15.03 at any time prior to the close of business on the Business Day immediately preceding the Fundamental
Change Repurchase Date, specifying:

 

(i)
the principal amount of the Notes with respect to which such notice of withdrawal is being submitted, which must be $1,000 or
an integral multiple thereof,

 

(ii)
the certificate number of the Note in respect of which such notice of withdrawal is being submitted, and

 

(iii)
the principal amount, if any, of such Note that remains subject to the original Fundamental Change Repurchase Notice, which portion
must be in principal amounts of $1,000 or an integral multiple of $1,000;

 

If
the Notes are Global Notes, Holders may withdraw their Notes subject to repurchase at any time prior to the close of business
on the Business Day immediately preceding the Fundamental Change Repurchase Date in accordance with the applicable procedures
of the Depositary.

 

Section
15.04. Deposit of Fundamental Change Repurchase Price. (a) The Company will deposit with the Trustee (or other Paying Agent
appointed by the Company, or if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided
in Section 4.04) on or prior to 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date an amount of money sufficient
to repurchase all of the Notes to be repurchased at the appropriate Fundamental Change Repurchase Price. Subject to receipt of
funds and/or Notes by the Trustee (or other Paying Agent appointed by the Company), payment for Notes surrendered for repurchase
(and not validly withdrawn prior to the close of business on the Business Day immediately preceding the Fundamental Change Repurchase
Date) will be made on the later of (i) the Fundamental Change Repurchase Date (provided the Holder has satisfied the conditions
in Section 15.02) and (ii) the time of book-entry transfer or the delivery of such Note to the Trustee (or other Paying Agent
appointed by the Company) by the Holder thereof in the manner required by Section 15.02 by mailing checks for the amount payable
to the Holders of such Notes entitled thereto as they shall appear in the Note Register; provided, however, that
payments to the Depositary shall be made by wire transfer of immediately available funds to the account of the Depositary or its
nominee. The Trustee shall, promptly after such payment and upon written demand by the Company, return to the Company any funds
in excess of the Fundamental Change Repurchase Price.

 

(b)
If by 11:00 a.m. New York City time, on the Fundamental Change Repurchase Date, the Trustee (or other Paying Agent appointed by
the Company) holds money sufficient to pay the Fundamental Change Repurchase Price to be repurchased on such Fundamental Change
Repurchase Date, then, with respect to the Notes that have been properly surrendered for repurchase and have not been validly
withdrawn in accordance with the provisions of this Indenture, (i) such Notes will cease to be outstanding, (ii) interest will
cease to accrue on such Notes on the Fundamental Change Repurchase Date (whether or not book-entry transfer of the Notes has been
made or the Notes have been delivered to the Trustee or Paying Agent) and (iii) all other rights of the Holders with respect to
such Notes will terminate on the Fundamental Change Repurchase Date (other than (x) the right to receive the Fundamental Change
Repurchase Price and (y) if the Fundamental Change Repurchase Date falls after a Regular Record Date but on or prior to the related
Interest Payment Date, the right of the Holder of record on such Regular Record Date to receive the full amount of accrued and
unpaid interest to, but excluding, such Interest Payment Date).

 

    	 	88	 

    	 	 	 

    

 

(c)
Upon surrender of a Note that is to be repurchased in part pursuant to Section 15.02, the Company shall execute and the Trustee
shall authenticate and deliver to the Holder a new Note in an authorized denomination equal in principal amount to the unrepurchased
portion of the Note surrendered.

 

Section
15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes. In connection with any repurchase offer upon a
Fundamental Change pursuant to this Article 15, the Company will, if required:

 

(a)
comply with the tender offer rules under the Exchange Act that may then be applicable;

 

(b)
file a Schedule TO or any other required schedule under the Exchange Act; and

 

(c)
otherwise comply in all material respects with all federal and state securities laws in connection with any offer by the Company
to repurchase the Notes;

 

in
each case, so as to permit the rights and obligations under this Article 15 to be exercised in the time and in the manner specified
in this Article 15. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this
Article 15 relating to the Company’s obligations to repurchase the Notes upon a Fundamental Change, the Company will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under such provisions
of this Article 15 by virtue of such conflict.

 

Article
16

Optional Redemption

 

Section
16.01. Optional Redemption. The Notes shall not be redeemable by the Company prior to February 20, 2024. On or after February
20, 2024 and prior to the 41st Scheduled Trading Day immediately preceding the Maturity Date, the Company may redeem (an “Optional
Redemption”) for cash all or any portion of the Notes (subject to the limitations set forth in Section 16.02(e)), at
the Redemption Price, if the Last Reported Sale Price of the Common Stock has been at least 130% of the Conversion Price then
in effect for at least 20 Trading Days (whether or not consecutive) during any 30 consecutive Trading Day period (including the
last Trading Day of such period) ending on, and including, the Trading Day immediately preceding the date on which the Company
provides the Redemption Notice in accordance with Section 16.02.

 

    	 	89	 

    	 	 	 

    

 

Section
16.02. Notice of Optional Redemption; Selection of Notes. (a) In case the Company exercises its Optional Redemption right
to redeem all or, as the case may be, any part of the Notes pursuant to Section 16.01, it shall fix a date for redemption (each,
a “Redemption Date”) and it or, at its written request received by the Trustee not less than 5 Business Days
prior to the date such Redemption Notice is to be sent (or such shorter period of time as may be acceptable to the Trustee), the
Trustee, in the name of and at the expense of the Company, shall deliver or cause to be delivered a notice of such Optional Redemption
(a “Redemption Notice”) not less than 45 nor more than 60 Trading Days prior to the Redemption Date to each
Holder of Notes so to be redeemed as a whole or in part; provided, however, that if the Company shall give such
notice, it shall also give written notice of the Redemption Date to the Trustee, the Conversion Agent (if other than the Trustee)
and the Paying Agent (if other than the Trustee). The Redemption Date must be a Business Day. The Company may not specify a Redemption
Date that falls on or after the 41st Scheduled Trading Day immediately preceding the Maturity Date.

 

(b)
The Redemption Notice, if delivered in the manner herein provided, shall be conclusively presumed to have been duly given, whether
or not the Holder receives such notice. In any case, failure to give such Redemption Notice or any defect in the Redemption Notice
to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for
the redemption of any other Note.

 

(c)
Each Redemption Notice shall specify:

 

(i)
the Redemption Date;

 

(ii)
the Redemption Price;

 

(iii)
that on the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed, and that interest
thereon, if any, shall cease to accrue on and after the Redemption Date;

 

(iv)
the place or places where such Notes are to be surrendered for payment of the Redemption Price;

 

(v)
that Holders called (or deemed called) for redemption may surrender their Notes for conversion at any time prior to the close
of business on the Scheduled Trading Day immediately preceding the Redemption Date;

 

(vi)
the procedures a converting Holder must follow to convert its Notes and the Settlement Method and Specified Dollar Amount, if
applicable;

 

(vii)
the Conversion Rate and, if applicable, the number of Additional Shares added to the Conversion Rate in accordance with Section
14.03;

 

    	 	90	 

    	 	 	 

    

 

(viii)
the CUSIP, ISIN or other similar numbers, if any, assigned to such Notes; and

 

(ix)
in case any Note is to be redeemed in part only, the portion of the principal amount thereof to be redeemed and on and after the
Redemption Date, upon surrender of such Note, a new Note in principal amount equal to the unredeemed portion thereof shall be
issued, which principal amount must be $1,000 or an integral multiple thereof.

 

A
Redemption Notice shall be irrevocable. An Optional Redemption may not be conditional.

 

(d)
If the Company elects to redeem fewer than all of the outstanding Notes, the Notes to be redeemed will be selected according to
the Depositary’s applicable procedures, in the case of Notes represented by a Global Note, or, in the case of Notes represented
by Physical Notes, by lot, on a pro rata basis or by another method the Trustee deems to be appropriate and fair. If the Trustee
selects a portion of any Holder’s Notes for partial redemption and such Holder converts a portion of such Notes, the converted
portion shall be deemed (so far as may be possible) to be from the portion selected for redemption.

 

(e)
If the Company elects to redeem fewer than all of the outstanding Notes, after giving effect to such redemption, at least $150,000,000
aggregate principal amount of the Notes shall be outstanding and not subject to such redemption as of the date the Redemption
Notice is delivered.

 

Section
16.03. Payment of Notes Called for Redemption. (a) If any Redemption Notice has been given in respect of the Notes in accordance
with Section 16.02, the Notes shall become due and payable on the Redemption Date at the place or places stated in the Redemption
Notice and at the applicable Redemption Price. On presentation and surrender of the Notes at the place or places stated in the
Redemption Notice, the Notes shall be paid and redeemed by the Company at the applicable Redemption Price.

 

(b)
Prior to 11:00 a.m. New York City time on the Redemption Date, the Company shall deposit with the Paying Agent or, if the Company
or a Subsidiary of the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 7.05 an
amount of cash (in immediately available funds if deposited on the Redemption Date), sufficient to pay the Redemption Price of
all of the Notes to be redeemed on such Redemption Date. Subject to receipt of funds by the Paying Agent, payment for the Notes
to be redeemed shall be made on the Redemption Date for such Notes. The Paying Agent shall, promptly after such payment and upon
written demand by the Company, return to the Company any funds in excess of the Redemption Price.

 

Section
16.04. Restrictions on Redemption. The Company may not redeem any Notes on any date if the principal amount of the Notes
has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior
to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption
Price with respect to such Notes).

 

    	 	91	 

    	 	 	 

    

 

Article
17

Miscellaneous Provisions

 

Section
17.01. Provisions Binding on Company’s Successors. All the covenants, stipulations, promises and agreements of the
Company contained in this Indenture shall bind its successors and assigns whether so expressed or not.

 

Section
17.02. Official Acts by Successor Corporation. Any act or proceeding by any provision of this Indenture authorized or required
to be done or performed by any board, committee or Officer of the Company shall and may be done and performed with like force
and effect by the like board, committee or officer of any corporation or other entity that shall at the time be the lawful sole
successor of the Company.

 

Section
17.03. Addresses for Notices, Etc. Any notice or demand that by any provision of this Indenture is required or permitted
to be given or served by the Trustee or by the Holders on the Company shall be deemed to have been sufficiently given or made,
for all purposes if given or served by being deposited postage prepaid by registered or certified mail in a post office letter
box addressed (until another address is filed by the Company with the Trustee) to fuboTV Inc., 1330 Avenue of the Americas, New
York, New York, 10019, Attention: General Counsel. Any notice, direction, request or demand hereunder to or upon the Trustee shall
be deemed to have been sufficiently given or made, for all purposes, if given or served by being deposited postage prepaid by
registered or certified mail in a post office letter box addressed to the Corporate Trust Office or sent electronically in PDF
format.

 

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

 

Any
notice or communication delivered or to be delivered to a Holder of Physical Notes shall be mailed to it by first class mail,
postage prepaid, at its address as it appears on the Note Register and shall be sufficiently given to it if so mailed within the
time prescribed. Any notice or communication delivered or to be delivered to a Holder of Global Notes shall be delivered in accordance
with the applicable procedures of the Depositary and shall be sufficiently given to it if so delivered within the time prescribed.
Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any
event (including any Fundamental Change Company Notice) to a Holder of a Global Note (whether by mail or otherwise), such notice
shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary
or its designee, including by electronic mail in accordance with the Depositary’s applicable procedures.

 

Failure
to mail or deliver a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders. If a notice or communication is mailed or delivered, as the case may be, in the manner provided above, it is duly
given, whether or not the addressee receives it.

 

In
case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such
notice to Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder.

 

    	 	92	 

    	 	 	 

    

 

Section
17.04. Governing Law; Jurisdiction. THIS INDENTURE AND EACH NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR
RELATED TO THIS INDENTURE AND EACH NOTE, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

 

The
Company irrevocably consents and agrees, for the benefit of the Holders from time to time of the Notes and the Trustee, that any
legal action, suit or proceeding against it with respect to obligations, liabilities or any other matter arising out of or in
connection with this Indenture or the Notes may be brought in the courts of the State of New York or the courts of the United
States located in the Borough of Manhattan, New York City, New York and, until amounts due and to become due in respect of the
Notes have been paid, hereby irrevocably consents and submits to the non-exclusive jurisdiction of each such court in personam,
generally and unconditionally with respect to any action, suit or proceeding for itself in respect of its properties, assets and
revenues.

 

The
Company irrevocably and unconditionally waives, to the fullest extent permitted by law, any objection which it may now or hereafter
have to the laying of venue of any of the aforesaid actions, suits or proceedings arising out of or in connection with this Indenture
brought in the courts of the State of New York or the courts of the United States located in the Borough of Manhattan, New York
City, New York and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that
any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

 

Section
17.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee. Upon any application
or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish
to the Trustee an Officer’s Certificate and, if requested by the Trustee, an Opinion of Counsel stating that such action
is permitted by the terms of this Indenture and that all conditions precedent including any covenants compliance with such which
constitutes a condition precedent to such action have been complied with; provided that no Opinion of Counsel shall be
required to be delivered in connection with (1) the original issuance of Notes on the date hereof under this Indenture and (2)
the removal of the restricted CUSIP of the Restricted Securities to an unrestricted CUSIP pursuant to the applicable procedures
of the Depositary upon the Notes becoming freely tradable by non-Affiliates of the Company under Rule 144, unless a new Note is
to be issued; provided further that no Opinion of Counsel shall be required to be delivered in connection with a request
by the Company that the Trustee deliver a notice to Holders under the Indenture where the Trustee receives an Officer’s
Certificate with respect to such notice. With respect to matters of fact, an Opinion of Counsel may rely on an Officer’s
Certificate or certificates of public officials.

 

Each
Officer’s Certificate and Opinion of Counsel provided for, by or on behalf of the Company in this Indenture and delivered
to the Trustee with respect to compliance with this Indenture (other than the Officer’s Certificates provided for in Section
4.08) shall include (a) a statement that the person signing such certificate is familiar with the requested action and this Indenture;
(b) a brief statement as to the nature and scope of the examination or investigation upon which the statement contained in such
certificate is based; (c) a statement that, in the judgment of such person, he or she has made such examination or investigation
as is necessary to enable him or her to express an informed judgment as to whether or not such action is permitted by this Indenture;
and (d) a statement as to whether or not, in the judgment of such person, such action is permitted by this Indenture and that
all conditions precedent thereto have been complied with.

 

    	 	93	 

    	 	 	 

    

 

Notwithstanding
anything to the contrary in this Section 17.05, if any provision in this Indenture specifically provides that the Trustee shall
or may receive an Opinion of Counsel in connection with any action to be taken by the Trustee or the Company hereunder, the Trustee
shall be entitled to such Opinion of Counsel.

 

Section
17.06. Legal Holidays. In any case where any Interest Payment Date, Fundamental Change Repurchase Date, Redemption Date
or Maturity Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken
on the next succeeding Business Day with the same force and effect as if taken on such date, and no interest shall accrue in respect
of the delay; provided that, solely for purposes of this Section 17.06, a day on which the applicable place of payment
is authorized or required by law or executive order to close or be closed will be deemed not to be a Business Day.

 

Section
17.07. No Security Interest Created. Nothing in this Indenture or in the Notes, expressed or implied, shall be construed
to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in
effect, in any jurisdiction.

 

Section
17.08. Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, shall give to any Person,
other than the Holders, the parties hereto, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar
and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Indenture.

 

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

 

Section
17.10. Authenticating Agent. The Trustee may appoint an authenticating agent that shall be authorized to act on its behalf
and subject to its direction in the authentication and delivery of Notes in connection with the original issuance thereof and
transfers and exchanges of Notes hereunder, including under Section 2.04, Section 2.05, Section 2.06, Section 2.07, Section 10.04
and Section 15.04 as fully to all intents and purposes as though the authenticating agent had been expressly authorized by this
Indenture and those Sections to authenticate and deliver Notes. For all purposes of this Indenture, the authentication and delivery
of Notes by the authenticating agent shall be deemed to be authentication and delivery of such Notes “by the Trustee”
and a certificate of authentication executed on behalf of the Trustee by an authenticating agent shall be deemed to satisfy any
requirement hereunder or in the Notes for the Trustee’s certificate of authentication. Such authenticating agent shall at
all times be a Person eligible to serve as trustee hereunder pursuant to Section 7.08.

 

    	 	94	 

    	 	 	 

    

 

Any
corporation or other entity into which any authenticating agent may be merged or converted or with which it may be consolidated,
or any corporation or other entity resulting from any merger, consolidation or conversion to which any authenticating agent shall
be a party, or any corporation or other entity succeeding to the corporate trust business of any authenticating agent, shall be
the successor of the authenticating agent hereunder, if such successor corporation or other entity is otherwise eligible under
this Section 17.10, without the execution or filing of any paper or any further act on the part of the parties hereto or the authenticating
agent or such successor corporation or other entity.

 

Any
authenticating agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee
may at any time terminate the agency of any authenticating agent by giving written notice of termination to such authenticating
agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any authenticating
agent shall cease to be eligible under this Section, the Trustee may appoint a successor authenticating agent (which may be the
Trustee), shall give written notice of such appointment to the Company and shall deliver notice of such appointment to all Holders.

 

The
Company agrees to pay to the authenticating agent from time to time reasonable compensation for its services although the Company
may terminate the authenticating agent, if it determines such agent’s fees to be unreasonable.

 

The
provisions of Section 7.02, Section 7.03, Section 7.04, Section 8.03 and this Section 17.10 shall be applicable to any authenticating
agent.

 

If
an authenticating agent is appointed pursuant to this Section 17.10, the Notes may have endorsed thereon, in addition to the Trustee’s
certificate of authentication, an alternative certificate of authentication in the following form:

 

__________________________,

as Authenticating Agent, certifies that this is one of the Notes described

in the within-named Indenture.

 

	By:	          	 
	Authorized
    Signatory	 

 

Section
17.11. Execution in Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be
an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture
and of signature pages by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery of
this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery
of this Indenture as to the other parties hereto shall be deemed to be their original signatures for all purposes.

 

    	 	95	 

    	 	 	 

    

 

All
notices, approvals, consents, requests and any communications hereunder must be in writing (provided that any such communication
sent to Trustee hereunder must be in the form of a document that is signed manually or by way of a digital signature provided
by DocuSign or other electronic signature provider that the Company plans to use (or such other digital signature provider as
specified in writing to Trustee by the authorized representative), in English. Company agrees to assume all risks arising out
of the use of using digital signatures and electronic methods to submit communications to Trustee, including without limitation
the risk of Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.

 

Section
17.12. Severability. In the event any provision of this Indenture or in the Notes shall be invalid, illegal or unenforceable,
then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way
be affected or impaired.

 

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

 

Section
17.14. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance
of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without
limitation, strikes, work stoppages, accidents, epidemics, pandemics, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer
(software and hardware) services; it being understood that the Trustee shall use reasonable efforts that are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

Section
17.15. Calculations. Except as otherwise provided herein, the Company shall be responsible for making all calculations
called for under the Notes. These calculations include, but are not limited to, determinations of the Redemption Price, Stock
Price, the Last Reported Sale Prices of the Common Stock, the Trading Prices of the Notes (for purposes of Section 14.01(b)(i))
the Daily VWAPs, the Daily Conversion Values, the Daily Settlement Amounts, accrued interest payable on the Notes and the Conversion
Rate of the Notes. The Company shall make all these calculations in good faith and, absent manifest error, the Company’s
calculations shall be final and binding on Holders. The Company shall provide a schedule of its calculations to each of the Trustee
and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of the
Company’s calculations without independent verification. The Trustee will forward the Company’s calculations to any
Holder of Notes upon the written request of that Holder at the sole cost and expense of the Company.

 

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

 

[Remainder
of page intentionally left blank]

 

    	 	96	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the date first written above.

 

	 	FUBOTV
    INC.
	 	 
	 	By:	/s/
    David Gandler
	 	Name:	David
    Gandler
	 	Title:	Chief
    Executive Officer

 

	 	U.S.
    BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By:	/s/
    David A. Jason
	 	Name:	David
    A. Jason
	 	Title:	Vice
    President

 

    	 	 	 

    	 	 	 

    

 

EXHIBIT
A

 

[FORM
OF FACE OF NOTE]

 

[INCLUDE
FOLLOWING LEGEND IF A GLOBAL NOTE]

 

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

 

[INCLUDE
FOLLOWING LEGEND IF A RESTRICTED SECURITY]

 

[THIS
SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT
IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

 

(1)
REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING
OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND

 

(2)
AGREES FOR THE BENEFIT OF FUBOTV INC. (THE “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS
SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST DATE OF ORIGINAL
ISSUANCE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO
AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT:

 

(A)
TO THE COMPANY OR ANY SUBSIDIARY THEREOF, OR

 

(B)
PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR

 

(C)
TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR

 

(D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

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

 

    	 	A-1	 

    	 	 	 

    

 

fuboTV
Inc.

 

3.25%
Convertible Senior Note due 2026

 

	No.
    [_______]	[Initially]1
    $[________]

 

CUSIP
No. 35953D AA22

 

FuboTV
Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (the “Company,”
which term includes any successor corporation or other entity under the Indenture referred to on the reverse hereof), for value
received hereby promises to pay to [CEDE & CO.]3 [________]4, or registered assigns, the principal sum
[as set forth in the “Schedule of Exchanges of Notes” attached hereto]5 [of $[______]]6, which
amount, taken together with the principal amounts of all other outstanding Notes, shall not, unless permitted by the Indenture,
exceed $402,500,000 in aggregate at any time, in accordance with the rules and procedures of the Depositary, on February 15, 2026,
and interest thereon as set forth below.

 

This
Note shall bear interest at the rate of 3.25% per year from February 2, 2021, or from the most recent date to which interest has
been paid or provided for to, but excluding, the next scheduled Interest Payment Date until February 15, 2026. Accrued interest
on this Note shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the
basis of the number of days actually elapsed in a 30-day month. Interest is payable semi-annually in arrears on each February
15 and August 15, commencing on August 15, 2021, to Holders of record at the close of business on the preceding February 1 and
August 1 (whether or not such day is a Business Day), respectively. Additional Interest will be payable as set forth in Section
4.06(d), Section 4.06(e) and Section 6.03 of the within-mentioned Indenture, and any reference to interest on, or in respect of,
any Note therein shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable
pursuant to any of such Section 4.06(d), Section 4.06(e) or Section 6.03, and any express mention of the payment of Additional
Interest in any provision therein shall not be construed as excluding Additional Interest in those provisions thereof where such
express mention is not made.

 

Any
Defaulted Amounts shall accrue interest per annum at the rate borne by the Notes, from, and including, the relevant payment date
to, but excluding, the date on which such Defaulted Amounts shall have been paid by the Company, at its election, in accordance
with Section 2.03(c) of the Indenture.

 

 

1
                                         Include if a global note.

2
This Note will be deemed to be identified by CUSIP No. 35953D AB0 from and after such time when the Company delivers, pursuant
to Section 2.05(c) of the within-mentioned Indenture, written notice to the Trustee of the occurrence of the Resale Restriction
Termination Date and the removal of the restrictive legend affixed to this Note in accordance with the applicable procedures of
the Depositary.

3
Include if a global note.

4
Include if a physical note.

5
Include if a global note.

6
Include if a physical note.

 

    	 	A-2	 

    	 	 	 

    

 

The
Company shall pay the principal of and interest on this Note, if and so long as such Note is a Global Note, in immediately available
funds in lawful money of the United States at the time to the Depositary or its nominee, as the case may be, as the registered
Holder of such Note. As provided in and subject to the provisions of the Indenture, the Company shall pay the principal of any
Notes (other than Notes that are Global Notes) at the office or agency designated by the Company for that purpose. The Company
has initially designated the Trustee as its Paying Agent and Note Registrar in respect of the Notes and its Corporate Trust Office
located in the United States of America, as a place where Notes may be presented for payment or for registration of transfer and
exchange.

 

Reference
is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving
the Holder of this Note the right to convert this Note into cash, shares of Common Stock or a combination of cash and shares of
Common Stock, as applicable, on the terms and subject to the limitations set forth in the Indenture. Such further provisions shall
for all purposes have the same effect as though fully set forth at this place.

 

This
Note, and any claim, controversy or dispute arising under or related to this Note, shall be construed in accordance with and governed
by the laws of the State of New York.

 

In
the case of any conflict between this Note and the Indenture, the provisions of the Indenture shall control and govern.

 

This
Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed
manually by the Trustee or a duly authorized authenticating agent under the Indenture.

 

[Remainder
of page intentionally left blank]

 

    	 	A-3	 

    	 	 	 

    

 

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

 

	 	FUBOTV
    INC.
	 	 
	 	By:	     
	 	Name:	 
	 	Title:	 

 

Dated:

 

	TRUSTEE’S
    CERTIFICATE OF AUTHENTICATION	 
	 	 
	U.S.
    BANK NATIONAL ASSOCIATION	 
	as
    Trustee, certifies that this is one of the Notes described	 
	in
    the within-named Indenture.	 
	 	 
	By:		 
	 	Authorized
    Signatory	 

 

    	 	 	 

    	 	 	 

    

 

[FORM
OF REVERSE OF NOTE]

 

fuboTV
Inc.

3.25%
Convertible Senior Note due 2026

 

This
Note is one of a duly authorized issue of Notes of the Company, designated as its 3.25% Convertible Senior Notes due 2026 (the
“Notes”), initially limited to the aggregate principal amount of $402,500,000 all issued or to be issued under
and pursuant to an Indenture dated as of February 2, 2021 (the “Indenture”), between the Company and U.S. Bank
National Association (the “Trustee”), to which Indenture and all indentures supplemental thereto reference
is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee,
the Company and the Holders of the Notes. Additional Notes may be issued in an unlimited aggregate principal amount, subject to
certain conditions specified in the Indenture. Capitalized terms used in this Note and not defined in this Note shall have the
respective meanings set forth in the Indenture.

 

In
case certain Events of Default shall have occurred and be continuing, the principal of, and interest on, all Notes may be declared,
by either the Trustee or Holders of at least 25% in aggregate principal amount of Notes then outstanding, and upon said declaration
shall become, due and payable, in the manner, with the effect and subject to the conditions and certain exceptions set forth in
the Indenture.

 

Subject
to the terms and conditions of the Indenture, the Company will make all payments and deliveries in respect of the Fundamental
Change Repurchase Price on the Fundamental Change Repurchase Date, the Redemption Price on the Redemption Date and the principal
amount on the Maturity Date, as the case may be, to the Holder who surrenders a Note to a Paying Agent to collect such payments
in respect of the Note. The Company will pay cash amounts in money of the United States that at the time of payment is legal tender
for payment of public and private debts.

 

The
Indenture contains provisions permitting the Company and the Trustee in certain circumstances, without the consent of the Holders
of the Notes, and in certain other circumstances, with the consent of the Holders of not less than a majority in aggregate principal
amount of the Notes at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures modifying
the terms of the Indenture and the Notes as described therein. It is also provided in the Indenture that, subject to certain exceptions,
the Holders of a majority in aggregate principal amount of the Notes at the time outstanding may on behalf of the Holders of all
of the Notes waive any past Default or Event of Default under the Indenture and its consequences.

 

No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay or deliver, as the case may be, the principal (including the Redemption Price
and the Fundamental Change Repurchase Price, if applicable) of, accrued and unpaid interest on, and the consideration due upon
conversion of, this Note at the place, at the respective times, at the rate and in the lawful money herein prescribed.

 

    	 	R-1	 

    	 	 	 

    

 

The
Notes are issuable in registered form without coupons in minimum denominations of $1,000 principal amount and integral multiples
thereof. At the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations
provided in the Indenture, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations,
without payment of any service charge but, if required by the Company or Trustee, with payment of a sum sufficient to cover any
transfer or similar tax that may be imposed in connection therewith as a result of the name of the Holder of the new Notes issued
upon such exchange of Notes being different from the name of the Holder of the old Notes surrendered for such exchange.

 

The
Notes shall be redeemable at the Company’s option on or after February 20, 2024, in accordance with the terms and subject
to the conditions specified in the Indenture. No sinking fund is provided for the Notes.

 

Upon
the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s option, to require the Company to repurchase
for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 or integral multiples thereof)
on the Fundamental Change Repurchase Date at a price equal to the Fundamental Change Repurchase Price.

 

Subject
to the provisions of the Indenture, the Holder hereof has the right, at its option, during certain periods and upon the occurrence
of certain conditions specified in the Indenture, prior to the close of business on the second Scheduled Trading Day immediately
preceding the Maturity Date, to convert any Notes or portion thereof that is $1,000 or an integral multiple thereof, into cash,
shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, at the Conversion Rate specified in
the Indenture, as adjusted from time to time as provided in the Indenture.

 

Terms
used in this Note and defined in the Indenture are used herein as therein defined.

 

    	 	R-2	 

    	 	 	 

    

 

ABBREVIATIONS

 

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

 

TEN
COM = as tenants in common

 

UNIF
GIFT MIN ACT = Uniform Gifts to Minors Act

 

CUST
= Custodian

 

TEN
ENT = as tenants by the entireties

 

JT
TEN = joint tenants with right of survivorship and not as tenants in common 

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

 

    	 	R-3	 

    	 	 	 

    

 

SCHEDULE
A7

 

SCHEDULE
OF EXCHANGES OF NOTES

fuboTV
Inc.

3.25%
Convertible Senior Notes due 2026

 

The
initial principal amount of this Global Note is _________ MILLION DOLLARS ($[_______]). The following increases or decreases in
this Global Note have been made:

 

	Date
    of exchange	Amount
    of decrease in principal amount of this Global Note	Amount
    of increase in principal amount of this Global Note	Principal
    amount of this Global Note following such decrease or increase	Signature
    of authorized signatory of Trustee or Custodian
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

7
Include if a global note.

 

    	 	R-4	 

    	 	 	 

    

 

ATTACHMENT
1

 

[FORM
OF NOTICE OF CONVERSION]

 

To:
fuboTV Inc.

 

To:
U.S. Bank National Association

1 California Street, Suite 1000

San
Francisco, CA 94111

Attention:
D. Jason (fuboTV Inc. 3.25% Convertible Senior Notes due 2026)

 

The
undersigned registered owner of this Note hereby exercises the option to convert this Note, or the portion hereof (that is $1,000
principal amount or an integral multiple thereof) below designated, into cash, shares of Common Stock or a combination of cash
and shares of Common Stock, as applicable, in accordance with the terms of the Indenture referred to in this Note, and directs
that any cash payable and any shares of Common Stock issuable and deliverable upon such conversion, together with any cash for
any fractional share, and any Notes representing any unconverted principal amount hereof, be issued and delivered to the registered
Holder hereof unless a different name has been indicated below. If any shares of Common Stock or any portion of this Note not
converted are to be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary, stamp
or similar issue or transfer taxes, if any in accordance with Section 14.02(d) and Section 14.02(e) of the Indenture. Any amount
required to be paid to the undersigned on account of interest accompanies this Note. Capitalized terms used herein but not defined
shall have the meanings ascribed to such terms in the Indenture.

 

	Dated:		 	
	 	 	 	 
	 	 	 	
	 	 	 	Signature(s)

 

		 
	Signature
    Guarantee	 

 

Signature(s)
must be guaranteed

by
an eligible Guarantor Institution

(banks,
stock brokers, savings and

loan
associations and credit unions)

with
membership in an approved

signature
guarantee medallion program

pursuant
to Securities and Exchange

Commission
Rule 17Ad-15 if shares

of
Common Stock are to be issued, or

Notes
are to be delivered, other than

to
and in the name of the registered holder.

 

Fill
in for registration of shares if

to
be issued, and Notes if to

be
delivered, other than to and in the

name
of the registered holder:

 

		 
	(Name)	 
	 	 
		 
	(Street
    Address)	 
	 	 
		 
	(City,
    State and Zip Code)	 
	Please
    print name and address	 

 

		Principal
    amount to be converted (if less than all):
	 	$______,000
	 	 
	 	NOTICE:
    The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every
    particular without alteration or enlargement or any change whatever.

 

	 	
	 	Social
    Security or Other Taxpayer
	 	Identification
    Number

 

    	 	1	 

    	 	 	 

    

 

ATTACHMENT
2

 

[FORM
OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]

 

To:
fuboTV Inc.

 

To:
U.S. Bank National Association

1 California Street, Suite 1000

San
Francisco, CA 94111

Attention:
D. Jason (fuboTV Inc. 3.25% Convertible Senior Notes due 2026)

 

The
undersigned registered owner of this Note hereby acknowledges receipt of a notice from fuboTV Inc. (the “Company”),
as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date
and requests and instructs the Company to pay to the registered holder hereof in accordance with Section 15.02 of the Indenture
referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is $1,000 principal amount
or an integral multiple thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not fall during the
period after a Regular Record Date and on or prior to the Business Day immediately succeeding corresponding Interest Payment Date,
accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date. Capitalized terms used
herein but not defined shall have the meanings ascribed to such terms in the Indenture.

 

In
the case of Physical Notes, the certificate numbers of the Notes to be repurchased are as set forth below:

 

	Dated:		 	 
	 	 	 	 
	 	 	 	
	 	 	 	Signature(s)

 

	 	 	
	 	 	Social
    Security or Other Taxpayer
	 	 	Identification
    Number
	 	 	 
	 	 	Principal
    amount to be repurchased (if less than all):
	 	 	$______,000
	 	 	 
	 	 	NOTICE:
    The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every
    particular without alteration or enlargement or any change whatever.

 

    	 	1	 

    	 	 	 

    

 

ATTACHMENT
3

 

[FORM
OF ASSIGNMENT AND TRANSFER]

 

To:
fuboTV Inc.

 

To:
U.S. Bank National Association

1 California Street, Suite 1000

San
Francisco, CA 94111

Attention:
D. Jason (fuboTV Inc. 3.25% Convertible Senior Notes due 2026)

 

For
value received ____________________________ hereby sell(s), assign(s) and transfer(s) unto _________________ (Please insert social
security or Taxpayer Identification Number of assignee) the within Note, and hereby irrevocably constitutes and appoints _____________________
attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises.

 

In
connection with any transfer of the within Note occurring prior to the Resale Restriction Termination Date, as defined in the
Indenture governing such Note, the undersigned confirms that such Note is being transferred:

 

[  ]
To fuboTV Inc., or a subsidiary thereof; or

 

[  ]
Pursuant to a registration statement that has become or been declared effective under the Securities Act of 1933, as amended;
or

 

[  ]
Pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended; or

 

[  ]
Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended, or any other available exemption from
the registration requirements of the Securities Act of 1933, as amended.

 

	Dated:
    ________________________	 
	 	 
	_____________________________________	 
	 	 
	_____________________________________	 
	Signature(s)	 
	 	 
	_____________________________________	 
	Signature
    Guarantee	 

 

Signature(s)
must be guaranteed by an

eligible
Guarantor Institution (banks, stock

brokers,
savings and loan associations and

credit
unions) with membership in an approved

signature
guarantee medallion program pursuant

to
Securities and Exchange Commission

Rule
17Ad-15 if Notes are to be delivered, other

than
to and in the name of the registered holder.

 

NOTICE:
The signature on the assignment must correspond with the name as written upon the face of the Note in every particular without
alteration or enlargement or any change whatever.

 

    	 	1

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