Document:

Indenture

 Exhibit 4.1 
  
  
  
 SVB FINANCIAL GROUP 
 AND

 WELLS FARGO BANK, N.A., 
 as Trustee 
 INDENTURE 
 Dated as of April 7, 2008 
 3.875% Convertible Senior Notes due 2011 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE 1 DEFINITIONS
	  	1
			
	 Section 1.01
	  	Definitions	  	1
		
	 ARTICLE 2 ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES
	  	10
			
	 Section 2.01
	  	Designation and Amount	  	10
			
	 Section 2.02
	  	Form of Notes	  	10
			
	 Section 2.03
	  	Date and Denomination of Notes; Payments of Interest	  	11
			
	 Section 2.04
	  	Payments of Additional Interest	  	12
			
	 Section 2.05
	  	Execution, Authentication and Delivery of Notes	  	12
			
	 Section 2.06
	  	Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary	  	13
			
	 Section 2.07
	  	Mutilated, Destroyed, Lost or Stolen Notes	  	18
			
	 Section 2.08
	  	Temporary Notes	  	19
			
	 Section 2.09
	  	Cancellation of Notes Paid, Etc.	  	19
			
	 Section 2.10
	  	CUSIP Numbers	  	19
			
	 Section 2.11
	  	Repurchases	  	20
		
	 ARTICLE 3 [INTENTIONALLY OMITTED]
	  	20
		
	 ARTICLE 4 SATISFACTION AND DISCHARGE
	  	20
			
	 Section 4.01
	  	Satisfaction and Discharge	  	20
		
	 ARTICLE 5 PARTICULAR COVENANTS OF THE COMPANY
	  	20
			
	 Section 5.01
	  	Payment of Principal, Interest and Additional Interest	  	20
			
	 Section 5.02
	  	Maintenance of Office or Agency	  	20
			
	 Section 5.03
	  	Appointments to Fill Vacancies in Trustee’s Office	  	21
			
	 Section 5.04
	  	Provisions as to Paying Agent	  	21
			
	 Section 5.05
	  	Existence	  	22

  

 i 

					
			
	 Section 5.06
	  	Rule 144A Information Requirement and Annual Reports	  	22
			
	 Section 5.07
	  	Stay, Extension and Usury Laws	  	23
			
	 Section 5.08
	  	Compliance Certificate; Statements as to Defaults	  	23
			
	 Section 5.09
	  	Additional Interest	  	23
			
	 Section 5.10
	  	Further Instruments and Acts	  	23
		
	 ARTICLE 6 LISTS OF NOTEHOLDERS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	  	23
			
	 Section 6.01
	  	Lists of Noteholders	  	23
			
	 Section 6.02
	  	Preservation and Disclosure of Lists	  	24
			
	 Section 6.03
	  	Reports by Trustee	  	24
		
	ARTICLE 7 DEFAULTS AND REMEDIES	  	24
			
	 Section 7.01
	  	Events of Default	  	24
			
	 Section 7.02
	  	Payments of Notes on Default; Suit Therefor	  	27
			
	 Section 7.03
	  	Application of Monies Collected by Trustee	  	28
			
	 Section 7.04
	  	Proceedings by Noteholders	  	28
			
	 Section 7.05
	  	Proceedings by Trustee	  	29
			
	 Section 7.06
	  	Remedies Cumulative and Continuing	  	29
			
	 Section 7.07
	  	Direction of Proceedings and Waiver of Defaults by Majority of Noteholders	  	29
			
	 Section 7.08
	  	Notice of Defaults	  	30
			
	 Section 7.09
	  	Undertaking to Pay Costs	  	30
		
	ARTICLE 8 CONCERNING THE TRUSTEE	  	31
			
	 Section 8.01
	  	Duties and Responsibilities of Trustee	  	31
			
	 Section 8.02
	  	Reliance on Documents, Opinions, Etc.	  	32
			
	 Section 8.03
	  	No Responsibility for Recitals, Etc.	  	33
			
	 Section 8.04
	  	Trustee, Paying Agents, Conversion Agents or Registrar May Own Notes	  	33
			
	 Section 8.05
	  	Monies to Be Held in Trust	  	33

  

 ii 

					
			
	 Section 8.06
	  	Compensation and Expenses of Trustee	  	33
			
	 Section 8.07
	  	Officers’ Certificate as Evidence	  	34
			
	 Section 8.08
	  	Conflicting Interests of Trustee	  	34
			
	 Section 8.09
	  	Eligibility of Trustee	  	34
			
	 Section 8.10
	  	Resignation or Removal of Trustee	  	35
			
	 Section 8.11
	  	Acceptance by Successor Trustee	  	36
			
	 Section 8.12
	  	Succession by Merger, Etc.	  	36
			
	 Section 8.13
	  	Limitation on Rights of Trustee as Creditor	  	37
			
	 Section 8.14
	  	Trustee’s Application for Instructions from the Company	  	37
		
	ARTICLE 9 CONCERNING THE NOTEHOLDERS	  	37
			
	 Section 9.01
	  	Action by Noteholders	  	37
			
	 Section 9.02
	  	Proof of Execution by Noteholders	  	37
			
	 Section 9.03
	  	Who Are Deemed Absolute Owners	  	37
			
	 Section 9.04
	  	Company-Owned Notes Disregarded	  	38
			
	 Section 9.05
	  	Revocation of Consents; Future Holders Bound	  	38
		
	ARTICLE 10 NOTEHOLDERS’ MEETINGS	  	38
			
	 Section 10.01
	  	Purpose of Meetings	  	38
			
	 Section 10.02
	  	Call of Meetings by Trustee	  	39
			
	 Section 10.03
	  	Call of Meetings by Company or Noteholders	  	39
			
	 Section 10.04
	  	Qualifications for Voting	  	39
			
	 Section 10.05
	  	Regulations	  	39
			
	 Section 10.06
	  	Voting	  	40
			
	 Section 10.07
	  	No Delay of Rights by Meeting	  	40
		
	ARTICLE 11 SUPPLEMENTAL INDENTURES	  	40
			
	 Section 11.01
	  	Supplemental Indentures Without Consent of Noteholders	  	40
			
	 Section 11.02
	  	Supplemental Indentures With Consent of Noteholders	  	41

  

 iii 

					
			
	 Section 11.03
	  	Effect of Supplemental Indentures	  	42
			
	 Section 11.04
	  	Notation on Notes	  	42
			
	 Section 11.05
	  	Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee	  	42
		
	ARTICLE 12 CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE	  	43
			
	 Section 12.01
	  	Company May Consolidate, Etc. on Certain Terms	  	43
			
	 Section 12.02
	  	Successor Corporation to Be Substituted	  	43
			
	 Section 12.03
	  	Opinion of Counsel to Be Given Trustee	  	44
		
	ARTICLE 13 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	  	44
			
	 Section 13.01
	  	Indenture and Notes Solely Corporate Obligations	  	44
		
	ARTICLE 14 [INTENTIONALLY OMITTED]	  	44
		
	ARTICLE 15 CONVERSION OF NOTES	  	44
			
	 Section 15.01
	  	Conversion Privilege	  	44
			
	 Section 15.02
	  	Conversion Procedure	  	46
			
	 Section 15.03
	  	Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes	  	49
			
	 Section 15.04
	  	Adjustment of Conversion Rate	  	50
			
	 Section 15.05
	  	Shares to Be Fully Paid	  	58
			
	 Section 15.06
	  	Effect of Reclassification, Consolidation, Merger or Sale	  	58
			
	 Section 15.07
	  	Certain Covenants	  	60
			
	 Section 15.08
	  	Responsibility of Trustee	  	60
			
	 Section 15.09
	  	Notice to Holders Prior to Certain Actions	  	61
			
	 Section 15.10
	  	Stockholder Rights Plans	  	61
			
	 Section 15.11
	  	Limit on Issuance of Shares of Common Stock upon Conversion	  	61
		
	ARTICLE 16 REPURCHASE OF NOTES AT OPTION OF HOLDER	  	62
			
	 Section 16.01
	  	[Reserved.]	  	62
			
	 Section 16.02
	  	Repurchase at Option of Holders upon a Fundamental Change	  	62

  

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	 Section 16.03
	  	Withdrawal of Fundamental Change Repurchase Notice	  	64
			
	 Section 16.04
	  	Deposit of Fundamental Change Repurchase Price	  	65
		
	ARTICLE 17 MISCELLANEOUS PROVISIONS	  	65
			
	 Section 17.01
	  	Provisions Binding on Company’s Successors	  	65
			
	 Section 17.02
	  	Official Acts by Successor Corporation	  	65
			
	 Section 17.03
	  	Addresses for Notices, Etc.	  	65
			
	 Section 17.04
	  	Governing Law	  	66
			
	 Section 17.05
	  	Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee	  	66
			
	 Section 17.06
	  	Legal Holidays	  	66
			
	 Section 17.07
	  	No Security Interest Created	  	67
			
	 Section 17.08
	  	Trust Indenture Act	  	67
			
	 Section 17.09
	  	Benefits of Indenture	  	67
			
	 Section 17.10
	  	Table of Contents, Headings, Etc.	  	67
			
	 Section 17.11
	  	Authenticating Agent	  	67
			
	 Section 17.12
	  	Execution in Counterparts	  	68
			
	 Section 17.13
	  	Severability	  	68
			
	 Section 17.14
	  	Waiver of Jury Trial	  	68
			
	 Section 17.15
	  	Force Majeure	  	68

  

					
	 EXHIBITS
	  		  	
			
	 Exhibit A
	  	 Form of Note
	  	A-1
			
	 Exhibit B
	  	 Form of Notice of Conversion
	  	B-1
			
	 Exhibit C
	  	 Form of Fundamental Change Repurchase Notice
	  	C-1
			
	 Exhibit D
	  	 Form of Assignment and Transfer
	  	D-1

  

 v 

 CROSS-REFERENCE TABLE 
  

			
	 TIA Section
	  	Indenture
Section
	 310(a)(1)
	  	8.09
	 (a)(2)
	  	8.09
	 (a)(3)
	  	N.A.
	 (a)(4)
	  	N.A.
	 (a)(5)
	  	8.09
	 (b)
	  	8.08
	 (c)
	  	N.A.
	 311(a)
	  	8.13
	 (b)
	  	8.13
	 101(c)
	  	N.A.
	 312(a)
	  	6.01
	 (b)
	  	6.02(b)
	 (c)
	  	6.02(c)
	 313(a)
	  	6.03
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	6.03
	 (c)
	  	6.03; 17.03
	 (d)
	  	6.03(b)
	 314(a)
	  	5.06; 5.08
	 (b)
	  	N.A.
	 (c)(1)
	  	17.05
	 (c)(2)
	  	17.05
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	17.05
	 (f)
	  	N.A.
	 315(a)
	  	8.01; 8.02
	 (b)
	  	7.08; 17.03
	 (c)
	  	8.01
	 (d)
	  	8.01
	 (e)
	  	7.09
	 316(a)(last sentence)
	  	9.04
	 (a)(1)(A)
	  	7.07
	 (a)(1)(B)
	  	7.07
	 (a)(2)
	  	N.A.
	 (b)
	  	7.04
	 (c)
	  	9.01
	 317(a)(1)
	  	7.02;7.05
	 (a)(2)
	  	7.02
	 (b)
	  	5.04
	 318(a)
	  	17.08

 N.A. means not applicable 
 Note: This Cross-Reference table shall not, for any purpose, be deemed to be part of this Indenture. 
  

 vi 

 INDENTURE dated as of April 7, 2008 between SVB Financial Group, a Delaware corporation, as issuer
(hereinafter sometimes called the “Company”, as more fully set forth in Section 1.01) and Wells Fargo Bank, N.A., as trustee (hereinafter sometimes called 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 issue of its 3.875% Convertible Senior Notes due 2011 (hereinafter sometimes called the “Notes”), 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 for; 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 to constitute these presents a valid agreement according to its terms, have been done and performed, and the execution of this Indenture and the issue 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. All other terms used in
this Indenture that are defined in the Trust Indenture Act or that are by reference therein defined in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires) shall have the meanings assigned to
such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this Indenture. The words “herein,” “hereof,” “hereunder,” and words of similar import refer to this
Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article include the plural as well as the singular. 
 “Additional Interest” means all additional interest, if any, payable in accordance with the provisions of either Section 2.04 or Section 7.01. Whenever in this Indenture there is mentioned,
in any context, the payment of interest on, or in respect of, any Note, such mention shall be deemed to include mention of the payment of “Additional Interest” provided for in either or both of Section 2.04 and Section 7.01 to
the extent that, in such context, Additional Interest is, was or would be payable in respect thereof pursuant to the provisions of either or both of Section 2.04 and 7.01, and express mention of the payment of Additional Interest (if
applicable) in any provisions hereof shall not be construed as excluding Additional Interest in those provisions hereof where such express mention is not made. 

 “Additional Notes” means an unlimited principal amount of Notes (other than the Initial
Notes) authenticated, issued and delivered under this Indenture in accordance with Section 2.05 hereof, as part of the same series and with the same CUSIP number as the Initial Notes. 
 “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. 
 “Aggregate Cure Period” shall have the meaning specified in Section 2.04. 
 “Bid Solicitation Agent” means either the Trustee or an independent nationally recognized securities dealer selected by the Company to
solicit market bid quotations for the Notes, which shall in no event be an Affiliate of the Company. 
 “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 any day other than a Saturday, Sunday or other day on which banking
institutions in New York, New York are authorized or required by law or executive order to remain 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. 
 “Cash Percentage” shall have the meaning specified in Section 15.02(c). 
 “close of business” means 5:00 p.m. (New York City time). 
 “Commission” means the 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, subject to Section 15.06, shares of common stock of the Company, par value $0.001 per share, at the date of this Indenture or shares of any class or classes resulting from any reclassification or reclassifications thereof
and that have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company and that are not subject to redemption by the Company; provided that
if at any time there shall 

  

 2 

 
be more than one such resulting class, the shares of each such class then so issuable shall be substantially in the proportion that the total number of
shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 
 “Company” means SVB Financial Group, a Delaware corporation, and subject to the provisions of Article 12, shall include its successors and assigns. 
 “Company Order” means a written order of the Company, signed by (a) the Company’s Chief Executive Officer, Chief Financial
Officer, President, General Counsel, Assistant General Counsel and Treasurer and (b) any such other officer designated in clause (a) of this definition or the Company’s Secretary or any Assistant Secretary, and delivered to the
Trustee. 
 “Conversion Agent” shall have the meaning specified in Section 5.02. 
 “Conversion Date” shall have the meaning specified in Section 15.02(e). 
 “Conversion Price” means as of any date, $1,000, divided by the Conversion Rate as of such date. 
 “Conversion Rate” shall have the meaning specified in Section 15.01(a). 
 “Corporate Trust Office” means the principal office of the Trustee at which at any time its corporate trust business shall be
administered, which office at the date hereof is located at 625 Marquette Avenue, MAC N9311-110, Minneapolis, MN 55479, Attention: SVB Financial Administrator, or such other address as the Trustee may designate from time to time by notice to the
Noteholders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Noteholders and the Company). 
 “Custodian” means Wells Fargo Bank, N.A., as custodian for The Depository Trust Company, with respect to the Global Notes, or any
successor entity thereto. 
 “Daily Conversion Value” means, for each of the 30 consecutive Trading Days during the
Observation Period, one-thirtieth (1/30th) of the product of (a) the applicable Conversion Rate and (b) the Daily VWAP of the Common Stock on such Trading Day. 
 “Daily Settlement Amount,” for each of the 30 consecutive Trading Days during the Observation Period, shall consist of: 
 (a) cash equal to the lesser of (i) one-thirtieth (1/30) of $1,000 and (ii) the Daily Conversion Value; and 
 (b) to the extent such Daily Conversion Value exceeds one-thirtieth (1/30) of $1,000, a number of shares of Common Stock equal to
(A) the difference between the Daily Conversion Value and one-thirtieth (1/30) of $1,000, divided by (B) the Daily VWAP for such Trading Day, subject to Section 15.02(c). 
 “Daily Share Amount,” for each of the thirty consecutive Trading Days during the Observation Period, shall mean the number of shares of
Common Stock specified in clause (b) of the definition of the term Daily Settlement Amount. 
  

 3 

 “Daily VWAP” means, for each of the 30 consecutive Trading Days during the Observation
Period, the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “SIVB.UQ <equity> AQR” (or its equivalent successor if such page is not available) in respect of the
period from 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 Common Stock on such Trading Day
determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company); provided that after the consummation of a Fundamental Change in which the
consideration is comprised entirely of cash, the Daily VWAP will be deemed to be the cash price per share received by holders of Common Stock in such Fundamental Change. Daily VWAP will exclude 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 Interest” means any interest on any Note that is payable, but is not punctually
paid or duly provided for, on any April 15 or October 15. 
 “Depositary” means, with respect to the Global Notes
the Person specified in Section 2.06 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. 
 “Distributed Property” shall have the meaning
specified in Section 15.04(c). 
 “Effective Date” shall have the meaning specified in Section 15.03(a).

 “Event of Default” shall have the meaning specified in Section 7.01. 
 “Ex-Dividend Date” means, with respect to any issuance, dividend or distribution in which the holders of Common Stock (or other
security) have the right to receive any cash, securities or other property, the first date on which the shares of the Common Stock (or other security) trade on the applicable exchange or in the applicable market, regular way, without the right to
receive the issuance, dividend or distribution in question. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated thereunder. 
 “Exchange Act Reports” shall have the meaning specified in
Section 2.04. 
 “Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means a fiscal year of the Company ending on December 31 of each calendar year. 
 “Fundamental Change” means the occurrence after the original issuance of the Notes of any of the following events: 
 (a) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than the Company, its
subsidiaries or the Company’s or any of its subsidiaries’ employee benefit plans, files a Schedule TO or any other 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 Equity of the Company representing more than 50% of the total voting power of all shares of the Company’s capital stock entitled to vote generally in the
election of the Board of Directors; 
  

 4 

 (b) consummation of any share exchange, consolidation or merger of the Company (other
than to a subsidiary of the Company) pursuant to which the Common Stock will be converted into cash, securities or other property or 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 of the Company’s subsidiaries; provided, however, that a share exchange, consolidation or merger transaction in which
(i) the Common Stock is not changed or exchanged except to the extent necessary to reflect a change in jurisdiction of the Company or (ii) the holders of more than 50% of all shares of the Company’s capital stock entitled to vote
generally in the election of directors immediately prior to such transaction own, directly or indirectly, more than 50% of all shares of the Company’s capital stock entitled to vote generally in the election of directors of the continuing or
surviving corporation or transferee or the parent thereof immediately after such event, in either case, will not be a Fundamental Change; 
 (3) the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; or 
 (4) the Common Stock (or other common stock into which the Notes are then convertible) ceases to be listed on a U.S. national securities exchange except as a result of a merger to which the Company is a party or a
tender offer or exchange offer for Common Stock or other common stock into which the Notes are then convertible; 
 provided that a Fundamental Change
as a result of clauses (1) or (2) above will not be deemed to have occurred, however, if at least 90% of the consideration received or to be received by holders of Common Stock, excluding cash payments for fractional shares and payments
made in respect of dissenters’ or appraisal rights, in connection with the transaction or transactions constituting the Fundamental Change consists of shares of common stock traded on a national securities exchange or which will be so traded or
quoted when issued or exchanged in connection with a Fundamental Change (“Publicly Traded Securities”) and as a result of such transaction or transactions the Notes become convertible into such Publicly Traded Securities (subject to
the provisions for settlement upon conversion set forth in Section 15.02(b)), excluding cash payments for fractional shares. 
 “Fundamental Change Company Notice” shall have the meaning specified in Section 16.02(b). 
 “Fundamental Change Expiration Time” shall have the meaning specified in Section 16.02(b)(ix). 
 “Fundamental Change Repurchase Date” shall have the meaning specified in Section 16.02(a). 
 “Fundamental Change Repurchase Notice” shall have the meaning specified in Section 16.02(a)(i). 
 “Fundamental Change Repurchase Price” shall have the meaning specified in Section 16.02(a). 
 “Global
Note” shall have the meaning specified in Section 2.06(b). 
  

 5 

 “Indenture” means this instrument as originally executed or, if amended or supplemented
as herein provided, as so amended or supplemented. 
 “Initial Notes” means Notes initially in an aggregate principal amount
not to exceed $200,000,000 issued under this Indenture (or $250,000,000 if the Initial Purchaser exercises its overallotment option to purchase additional Notes in full as set forth in the Purchase Agreement). 
 “Initial Purchaser” means J.P. Morgan Securities Inc. 
 “Interest Payment Date” means each April 15 and October 15 of each year, beginning on October 15, 2008; provided, however, that if any Interest Payment Date falls on a date that
is not a Business Day, such payment of interest (or principal in the case of the Maturity Date or Fundamental Change Repurchase Date) will be made on the next succeeding Business Day, and no interest or other amount will be paid as a result of such
delay. 
 “Interest Record Date,” with respect to any Interest Payment Date, shall mean the April 1 or October 1
(whether or not such day is a Business Day) immediately preceding the applicable April 15 or October 15 Interest Payment Date, respectively. 
 “Last Reported Sale Price” of the Common Stock 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 is listed for trading. If the
Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, then the “Last Reported Sale Price” will be the last quoted bid price for the Common Stock in the over-the-counter
market on the relevant date as reported by the National Quotation Bureau or similar organization. If the Common Stock is not so quoted, the “Last Reported Sale Price” will be the average of the mid-point of the last bid and ask
prices for the Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose. 
 “Make-Whole Conversion Rate Adjustment” shall have the meaning specified in Section 15.03(a). 
 “Make-Whole Fundamental Change” means any transaction or event that constitutes a Fundamental Change as described in clause (a) or
(b) of the definition thereof, as determined after giving effect to any exceptions or exclusions to such definition, but without regard to proviso (ii) in the second clause of the definition thereof. 
 “Market Disruption Event” means (a) a failure by the primary U.S. national securities or regional exchange or market on which the
Common Stock is listed or admitted to 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 Trading Day for the Common Stock for an aggregate one-half
hour period of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options, contracts or future contracts relating to the
Common Stock. 
 “Maturity Date” means April 15, 2011. 
 “Measurement Period” shall have the meaning specified in Section 15.01(b)(i). 
  

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 “Merger Event” shall have the meaning specified in Section 15.06. 
 “Note” or “Notes” shall mean any note or notes, as the case may be, authenticated and delivered under this Indenture.
The Initial Notes and the Additional Notes shall be treated as a single series for all purposes of this Indenture, including, without limitation, with respect to waivers, amendments, voting rights and offers to repurchase the Notes. 
 “Noteholder” or “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. 
 “Note
Register” shall have the meaning specified in Section 2.06(a). 
 “Note Registrar” shall have the meaning
specified in Section 2.06(a). 
 “Notice of Conversion” shall have the meaning specified in Section 15.02(d).

 “Observation Period” with respect to any Note means (i) prior to January 15, 2011, the 30 consecutive Trading
Day period beginning on and including the second Trading Day after the related Conversion Date; and (ii) on or after January 15, 2011, the 30 consecutive Trading Days beginning on and including the 32nd Scheduled Trading Day immediately
preceding April 15, 2011. 
 “Offering Memorandum” means the final offering memorandum dated April 1, 2008
relating to the offering and sale of the Notes. 
 “Officer” means, with respect to the Company, the President, the Chief
Executive Officer, the Chief Financial Officer, the Treasurer, the General Counsel and the Assistant General Counsel or any executive officer. 
 “Officers’ Certificate,” when used with respect to the Company, means a certificate signed by (a) one Officer of the Company and (b) another Officer of the Company or one of the Secretary or any Assistant
Secretary or Chief Accounting Officer of the Company that is delivered to the Trustee. 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. One of the
officers giving an Officers’ Certificate pursuant to Section 5.08 shall be the principal executive, financial or accounting officer of the Company. 
 “opening 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 acceptable to the Trustee, that is delivered to the Trustee. 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. 
 “outstanding,” when
used with reference to Notes, shall, subject to the provisions of Section 9.04, 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; 
  

 7 

 (b) Notes, or portions thereof, for the payment or repurchase 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 2.07 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 2.07 unless proof satisfactory to the Trustee is presented that any such Notes are held by protected purchasers in due course; and 
 (d) Notes converted pursuant to Article 15. 
 “Paying Agent” shall have the meaning specified in Section 5.02. 
 “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. 
 “PORTAL Market” means the PORTAL Market of the Financial Industry Regulatory Authority,
Inc. (“FINRA”) or any successor thereto. 
 “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 2.07 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. 
 “Purchase Agreement” means that certain Purchase Agreement, dated April 1, 2008, between the Company and the Initial Purchaser. 
 “Record Date” shall have the meaning specified in Section 15.04(f). 
 “Reference Property” shall have the meaning specified in Section 15.06(b). 
 “Resale Restriction
Termination Date” shall have the meaning specified in Section 2.06(d). 
 “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 is referred because of such person’s knowledge of and familiarity with the
particular subject and who shall have direct responsibility for the administration of this Indenture. 
 “Restricted
Securities” shall have the meaning specified in Section 2.06(d). 
 “Rule 144A” means Rule 144A as promulgated
under the Securities Act. 
 “Scheduled Trading Day” means any day that is scheduled to be a Trading Day on the primary U.S.
national 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.” 

 

 8 

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 
 “Significant Subsidiary” has the meaning given such term in Article 1, Rule 1-02 of
Regulation S-X under the Exchange Act. 
 “Six Month Period” shall have the meaning specified in Section 2.04.

 “Spin-Off” shall have the meaning specified in Section 15.04(c). 
 “Stock Price” means (a) in the case of a Make-Whole Fundamental Change in which holders of Common Stock receive solely cash
consideration in connection with such Make-Whole Fundamental Change, the amount of cash paid per share of the Common Stock and (b) in the case of all other Make-Whole Fundamental Changes, the average of the Last Reported Sale Prices per share
of Common Stock over the period of five consecutive Trading Days ending on the Trading Day immediately preceding the Effective Date of such Make-Whole Fundamental Change. The Board of Directors will make appropriate adjustments, in its good faith
determination, 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 of the event occurs, during such five consecutive Trading Days.

 “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 12.01(a). 
 “Trading Day” means a day on which (i) trading in securities generally occurs on The Nasdaq Global Select Market, 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, in the principal other market on which the Common Stock is
then traded, and (ii) a Last Reported Sale Price for the Common Stock is available on such securities exchange or market. If the Common Stock (or other security for which a closing sale price must be determined) is not so listed or traded,
“Trading Day” means a “Business Day.” 
 “Trading Price” with respect to the Notes on any date of
determination means the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $5.0 million principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three
independent U.S. nationally recognized securities dealers selected by the Company; 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 the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5.0 million principal amount of Notes from any
such nationally recognized securities dealer on a date of determination, then the Trading Price per $1,000 principal amount of Notes will be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the
Conversion Rate for such date of determination. 
 “transfer” shall have the meaning specified in Section 2.06(d).

  

 9 

 “Trigger Event” shall have the meaning specified in Section 15.04(c). 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in force at the date of execution of this
Indenture, except as provided in Section 11.03 and Section 15.06; provided, however, that in the event the Trust Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act” shall mean, to
the extent required by such amendment, the Trust Indenture Act of 1939, as so 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. 
 “Valuation Period” shall have the meaning specified in Section 15.04(c). 
 “Weighted Average Consideration” shall have the meaning specified in Section 15.06(c)(iv). 
 ARTICLE 2 
 ISSUE, DESCRIPTION, EXECUTION,
REGISTRATION 
 AND EXCHANGE OF NOTES 
 Section 2.01 Designation and Amount. The Notes shall be designated as the “3.875% Convertible Senior Notes due 2011.” The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture
is initially limited to $200,000,000 (or $250,000,000 if the Initial Purchaser exercises its option to purchase additional Notes in full as set forth in the Purchase Agreement), subject to Section 2.11 and except for Notes authenticated and
delivered upon registration or transfer of, or in exchange for, or in lieu of other Notes pursuant to Section 2.06, Section 2.07, Section 11.04, Section 15.02 and Section 16.04 hereof. 
 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, which are incorporated in and made a part of this Indenture. 
 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, the Depositary or by FINRA in order for the Notes to be tradable
on the PORTAL Market or as may be required for the Notes to be tradable on any other market developed for trading of securities pursuant to Rule 144A or 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 officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this 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. 
 The Global Note shall represent such principal amount
of the outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes
represented thereby may from time to time be increased or reduced to reflect repurchases, conversions, 

  

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transfers or exchanges permitted hereby. Any endorsement of the 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, accrued and
unpaid interest, and Additional Interest, if any, on the Global Note shall be made to the holder of such Note on the date of payment, unless a record date or other means of determining holders eligible to receive payment is provided for herein.

 The terms and provisions contained in the form of Note attached as Exhibit A hereto shall constitute, and are hereby expressly made, a
part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 Section 2.03 Date and Denomination of Notes; Payments of Interest. The Notes shall be issuable in registered form without coupons in
denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest
on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 The Person in whose name any Note (or its
Predecessor Note) is registered on the Note Register at the close of business on any Interest Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date. Interest (including
Additional Interest, if any) shall be payable at the office or agency of the Company maintained by the Company for such purposes, which shall initially be the Corporate Trust Office. The Company shall pay interest (including Additional Interest, if
any) (a) on any Notes in certificated form having an aggregate principal amount of $5,000,000 or less by check mailed to the address of the Person entitled thereto as it appears in the Note Register (or upon written application by such Person
to the Trustee and Paying Agent (if different from the Trustee) not later than the relevant Interest Record Date, by wire transfer in immediately available funds to such Person’s account within the United States, if such Person is entitled to
interest on an aggregate principal in excess of $5,000,000, which application shall remain in effect until the Noteholder notifies, in writing, the Trustee and Paying Agent to the contrary) or (b) on any Global Note by wire transfer of
immediately available funds to the account of the Depositary or its nominee. 
 Any Defaulted Interest shall forthwith cease to be payable to
the Noteholder on the relevant Interest Record Date by virtue of its having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective
Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each Note and the date of the proposed payment (which shall 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 Interest, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than ten days prior to the date of the proposed payment, and not
less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Company shall 

  

 11 

 
promptly notify the Trustee 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 Interest and the special record date therefor to be mailed, first-class postage prepaid, to each holder at its address as it appears in the Note Register, not less than ten days prior to such special record date. Notice of
the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest 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 (2) of this Section 2.03. 
 (2) The Company may make payment of any Defaulted Interest 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 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 Payments of Additional Interest. The Company shall make a one time payment of
Additional Interest in an amount equal to 0.25% of the principal amount of the Notes to holders thereof if as of any date during the six-month period commencing on the date that is six months after the original issue date of the Notes (the
“Six-Month Period”) the Company shall not have filed all documents or reports that it was required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable, other than reports on Form 8-K
(the “Exchange Act Reports”), within the twelve-month period preceding such date; provided that, within the Six-Month Period, the Company shall have 14 days, in the aggregate, to cure all such missed filings (the
“Aggregate Cure Period”). The Additional Interest will be payable on the Interest Payment Date next following the first date during the six-month period as of which the Company has not been current in filing its Exchange Act Reports
during the prior twelve-month period (after giving effect to the Aggregate Cure Period). In addition to the payment of Additional Interest as set forth in this Section 2.04, the Company may also elect to pay Additional Interest under the
circumstances set forth in Section 7.01. 
 Section 2.05 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 signature of any of its Officers. 
 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, however, that the Company may issue Additional Notes only if: (1) such Additional Notes
are treated as issued without any original issue discount for U.S. federal income tax purposes, (2) the Additional Notes are issued with the same terms and with the same CUSIP number as the Initial Notes, (3) the Additional Notes and the
Initial Notes are treated as a single series for all purposes under this Indenture, including, without limitation, with respect to waivers, amendments, voting rights, and offer to repurchase the Notes, and (4) the Trustee receives an
Officers’ Certificate and, if requested, an Opinion of Counsel to the effect that such issuance of Additional Notes complies with the provisions of this Indenture, including each provision of this paragraph. 
  

 12 

 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 officer of the Trustee (or an authenticating agent appointed by the Trustee as provided by Section 17.11), 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 proper officers of the Company,
although at the date of the execution of this Indenture any such person was not such an officer. 
 Section 2.06 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 5.02 being herein sometimes collectively referred to as 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 appointed “Note Registrar” for the purpose
of registering Notes and transfers of Notes as herein provided. The Company may appoint one or more co-registrars in accordance with Section 5.02. 
 Upon surrender for registration of transfer of any Note to the Note Registrar or any co-registrar, and satisfaction of the requirements for such transfer set forth in this Section 2.06, the Company shall execute,
and the Trustee shall upon receipt of a Company Order 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 5.02. Whenever any Notes are so surrendered for exchange, the Company shall execute, and the
Trustee shall upon receipt of a Company Order authenticate and deliver, the Notes that the Noteholder 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-registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer (which may include signature guarantees) in form satisfactory to the Company and duly executed, by the Noteholder
thereof or its attorney-in-fact duly authorized in writing. 
 No service charge shall be charged to the Noteholder for any exchange or
registration of transfer of Notes, but the Company or the Trustee may require payment of a sum sufficient to cover any tax, assessments or other governmental charges that may be imposed in connection therewith as a result of the name of the
Noteholder of the new Notes issued upon such exchange or registration of transfer of Notes being different from the name of the Noteholder of the old Notes presented or surrendered for such exchange or registration of transfer. 
  

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 None of the Company, the Trustee, the Note Registrar or any co-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 or (ii) any Notes, or a portion of any Note, surrendered for
repurchase (and not withdrawn) in accordance with Article 16 hereof. 
 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.

 (b) So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise required by law, all
Notes shall be represented by one or more Notes in global form (each, a “Global Note”) registered in the name of the Depositary or the nominee of the Depositary. The transfer and exchange of beneficial interests in a Global Note
that does not involve the issuance of a definitive Note, shall be effected through the Depositary (but not the Trustee or the Custodian) in accordance with this Indenture (including the restrictions on transfer set forth herein) and the procedures
of the Depositary therefor. 
 (c) [Reserved.] 
 (d) Every Note that bears or is required under this Section 2.06(d) to bear the legend set forth in this Section 2.06(d)
(together with any Common Stock issued upon conversion of the Notes and required to bear the legend set forth in Section 2.06(e), collectively, the “Restricted Securities”) shall be subject to the restrictions on transfer set
forth in this Section 2.06(d) (including 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 Section 2.06(d) and Section 2.06(e), 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 other period of time as permitted by Rule 144 under the Securities Act or any successor provision thereto, and (2) such later date, if any, as may
be required by applicable laws, 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 2.06(e), 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, 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 
  

 14 

 (2) AGREES FOR THE BENEFIT OF 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 ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION
THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A) TO SVB FINANCIAL GROUP (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 (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 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) as to which such restrictions on transfer shall have expired in accordance with their
terms may, upon surrender of such Note for exchange to the Note Registrar in accordance with the provisions of this Section 2.06, 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 2.06(d). The Company shall notify the Trustee in writing 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. 
 Notwithstanding any other
provisions of this Indenture (other than the provisions set forth in this Section 2.06(d)), 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 

  

 15 

 
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 customary procedures of the Depositary and in compliance with this Section. 
 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 the Global Note. Initially, the 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,
(iii) the Company, at its option, notifies the Trustee that it elects to cause the issuance of certificated Notes, subject to the Depositary’s procedures, or (iv) an Event of Default in respect of the Notes has occurred and is
continuing, upon the request of the beneficial owner of the Notes, the Company will execute, and the Trustee, upon receipt of an Officers’ Certificate and a Company Order for the authentication and delivery of Notes, will authenticate and
deliver Notes in definitive form to each such beneficial owner of the related Notes (or a portion thereof) in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, and upon delivery of the
Global Note to the Trustee such Global Note shall be canceled. 
 Definitive Notes issued in exchange for all or a part of the Global Note
pursuant to this Section 2.06(d) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Upon
execution and authentication, the Trustee shall deliver such definitive Notes to the Persons in whose names such definitive Notes are so registered. 
 At such time as all interests in a Global Note have been converted, canceled, repurchased or transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance with standing procedures
and instructions existing between the Depositary and the Custodian. At any time prior to such cancellation, if any interest in a Global Note is exchanged for definitive Notes, converted, canceled, repurchased or transferred to a transferee who
receives definitive Notes therefor or any definitive 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 nor any agent of the Company or the Trustee will have any responsibility or liability 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. 
 (e) 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 the Note or 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 under the Securities Act or any similar provision then in force under the Securities Act, or such Common Stock has been issued upon conversion
of Notes that have been transferred pursuant to a registration statement that 

  

 16 

 
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 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): 
 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 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 ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS
PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A) TO SVB FINANCIAL GROUP (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 (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 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 as to which such restrictions on transfer shall have expired in accordance with their terms 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 2.06(e). 
  

 17 

 (f) Any Note or Common Stock issued upon the conversion or exchange of a Note that is
purchased or owned by the Company or any Affiliate thereof may not be resold by the Company or such Affiliate 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 Notes or Common Stock, as the case may be, no longer being “restricted securities” (as defined under Rule 144). 
 (g) Notwithstanding any provision of Section 2.06 to the contrary, in the event Rule 144 as promulgated under the Securities Act (or any successor rule) is amended to change the one-year holding period thereunder
(or the corresponding period under any successor rule), from and after receipt by the Trustee of the Officers’ Certificate and, if requested, Opinion of Counsel provided for in this Section 2.06(g), (i) each reference in
Section 2.06(d) to “one year” and in the restrictive legend set forth in such paragraph to “ONE YEAR” shall be deemed for all purposes hereof to be references to such changed period, (ii) each reference in
Section 2.06(e) to “one year” and in the restrictive legend set forth in such paragraph to “ONE YEAR” shall be deemed for all purposes hereof to be references to such changed period and (iii) all corresponding
references in the Notes (including the definition of Resale Restriction Termination Date) and the restrictive legends thereon shall be deemed for all purposes hereof to be references to such changed period, provided that such changes shall
not become effective if they are otherwise prohibited by, or would otherwise cause a violation of, the then-applicable federal securities laws. The provisions of this Section 2.06(g) will not be effective until such time as the Opinion of
Counsel and Officers’ Certificate have been received by the Trustee hereunder. This Section 2.06(g) shall apply to successive amendments to Rule 144 (or any successor rule) changing the holding period thereunder. 
 Section 2.07 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 its receipt of a Company Order the Trustee or an authenticating agent appointed by the Trustee shall authenticate and deliver, a new Note, bearing a 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 each of 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. 
 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. Upon the issuance of any substitute Note, the Company or the Trustee may require the payment by the holder of a sum sufficient to cover any tax, assessment or
other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Note that has matured or is about to mature or has been tendered for repurchase upon a Fundamental Change or is about to be
converted into cash and shares of Common Stock (or cash in lieu of such shares of Common Stock), if any, 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 each may be required by them to save each of them harmless for any loss, liability, cost or expense caused 

  

 18 

 
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 evidence of their satisfaction 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 2.07 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 or payment or conversion 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 or payment or conversion of
negotiable instruments or other securities without their surrender. 
 Section 2.08 Temporary Notes. Pending the preparation of
Notes in certificated form, 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 Notes in certificated form 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 Notes in certificated form. Without
unreasonable delay the Company will execute and deliver to the Trustee or such authenticating agent Notes in certificated form (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 5.02 and the Trustee or such authenticating agent shall authenticate and deliver in exchange for such temporary Notes an equal aggregate principal amount
of Notes in certificated form. 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 Notes in certificated form authenticated and delivered hereunder. 
 Section 2.09 Cancellation of
Notes Paid, Etc. All Notes surrendered for the purpose of payment, repurchase, conversion, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agent or any Note Registrar or any Conversion Agent, be
surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee, shall be promptly canceled by it, and no Notes shall be issued in lieu thereof 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 disposition to the Company, at the Company’s written request. If the Company shall acquire any
of the Notes, such acquisition shall not operate as satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation. 
 Section 2.10 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 Noteholders as a convenience to holders of the Notes; 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 will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

 

 19 

 Section 2.11 Repurchases. The Company may from time to time repurchase the Notes in open
market purchases or negotiated transactions without prior notice to Noteholders. 
 ARTICLE 3 
 [INTENTIONALLY OMITTED] 
 ARTICLE 4 

SATISFACTION AND DISCHARGE 
 Section 4.01 Satisfaction and Discharge. This Indenture shall upon request of the Company contained in an Officers’ Certificate cease to be of further effect, and the Trustee, at the expense of the Company, shall execute
proper instruments acknowledging satisfaction and discharge of this Indenture, when (a) (i) all Notes theretofore authenticated and delivered (other than (x) Notes which have been destroyed, lost or stolen and which have been replaced
or paid as provided in Section 2.07 and (y) Notes for whose payment money has theretofore 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 5.04(d)) have been delivered to the Trustee for cancellation; or (ii) the Company has deposited with the Trustee or delivered to Noteholders, as applicable, after the Notes have become due and payable, whether at the
Maturity Date, any Fundamental Change Repurchase Date, upon conversion or otherwise, cash or cash and shares of Common Stock, if any (solely to satisfy the Company’s obligation upon conversion, if applicable), sufficient to pay all of the
outstanding Notes and all other sums due payable under this Indenture by the Company; and (b) the Company has delivered to the Trustee an Officers’ Certificate and, if requested, an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under
Section 8.06 shall survive. 
 ARTICLE 5 
 PARTICULAR COVENANTS OF THE COMPANY 
 Section 5.01 Payment of Principal, Interest and Additional
Interest. The Company covenants and agrees that it will cause to be paid the principal of, and accrued and unpaid interest and Additional Interest, if any, on each of the Notes at the places, at the respective times and in the manner provided
herein and in the Notes. Each installment of accrued and unpaid interest, and Additional Interest, if any, on the Notes due on any Interest Payment Date, may be paid by mailing checks for the amount payable to Noteholders entitled thereto as they
shall appear on the registry books of the Company; provided that, with respect to any Noteholder with an aggregate principal amount in excess of $5,000,000, at the application of such holder in writing to the Trustee and Paying Agent (if
different from the Trustee) not later than the relevant Interest Record Date, accrued and unpaid interest and Additional Interest, if any, on such holder’s Notes shall be paid by wire transfer in immediately available funds to such
holder’s account in the United States, which application shall remain in effect until the Noteholder notifies, in writing, the Trustee and Paying Agent to the contrary; provided, further, that payment of accrued and unpaid
interest and Additional Interest, if any, made to the Depositary shall be paid by wire transfer in immediately available funds in accordance with such wire transfer instructions and other procedures provided by the Depositary from time to time.

 Section 5.02 Maintenance of Office or Agency. The Company will maintain 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 

  

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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 or another
office or agency of the Trustee. 
 The Company may also from time to time designate as co-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 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 and the office or agency of the Trustee as one such office or agency of the Company for each of the aforesaid purposes.

 Section 5.03 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 8.10, a Trustee, so that there shall at all times be a Trustee hereunder. 
 Section 5.04 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 5.04: 
 (i) that
it will hold all sums held by it as such agent for the payment of the principal of and accrued and unpaid interest and Additional Interest, if any, on the Notes in trust for the benefit of the holders of the Notes; 
 (ii) that it will give the Trustee prompt notice of any failure by the Company to make any payment of the principal of and accrued and
unpaid interest and Additional Interest, if any, on the Notes when the same shall be due and payable; and 
 (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 of, or accrued and unpaid interest or Additional Interest, if any, on the Notes, deposit with the Paying Agent a sum sufficient to pay such principal or accrued and unpaid
interest or Additional Interest, if any, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee 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 of, and accrued and unpaid interest and Additional Interest, if any, 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 and accrued and unpaid interest and Additional Interest, if any, 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 of and accrued and unpaid interest and Additional Interest, if any, on the Notes when the same shall become due and payable. 
  

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 (c) Anything in this Section 5.04 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 or cause to be paid to the Trustee all sums held in trust by the Company or any Paying Agent hereunder as required by this
Section 5.04, such sums to be held by the Trustee upon the trusts herein contained and upon such payment by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released from all further liability with
respect to such sums. 
 (d) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust
for the payment of the principal of and accrued and unpaid interest and Additional Interest, if any, on any Note and remaining unclaimed for two years after such principal, interest or Additional Interest has become due and payable shall be paid to
the Company on request of the Company contained in an Officers’ Certificate, or (if then held by the Company) shall be discharged from such trust; 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 or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in
The Borough of Manhattan, The City of New York, New York, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty days from the date of such publication, any unclaimed balance of such
money then remaining will be repaid to the Company. 
 Section 5.05 Existence. Subject to Article 12, the Company will do or
cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
 Section 5.06 Rule
144A Information Requirement and Annual Reports. (a) At any time the Company is not subject to Sections 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 shall, upon written request, provide to any holder, beneficial owner or
prospective purchaser of such Notes or any shares of Common Stock issued 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 under the Securities Act. The Company shall take such further action as any holder or beneficial owner of such Notes or such Common Stock may reasonably request to the extent required from time to time to enable
such holder or beneficial holder to sell such Notes or shares of Common Stock in accordance with Rule 144A under the Securities Act, as such rule may be amended from time to time. 
 (b) The Company shall deliver to the Trustee within 15 days after the same is filed with the Commission, copies of the quarterly and
annual reports and of the information, documents and other reports, if any, that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, and the Company shall otherwise comply with the
requirements of Trust Indenture Act section 314(a). Notwithstanding the provisions of Section 17.08, any such information, documents or reports filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR)
system shall be deemed to be delivered to the Trustee. 
  

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 (c) Delivery of the reports, information and documents described in clause (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 conclusively rely on an Officers’ Certificate). 
 Section 5.07 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 5.08 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, 2008) an Officers’ Certificate stating whether or not the signer thereof has knowledge of any failure by the Company to comply with all conditions and
covenants then required to be performed under this Indenture and, if so, specifying each such failure and the nature thereof. 
 In addition,
the Company shall deliver to the Trustee, within 30 days after the Company becomes aware of the occurrence of any Event of Default or Default, an Officers’ Certificate setting forth the details of such Event of Default or Default, its status
and the action that the Company proposes to take with respect thereto. 
 Section 5.09 Additional Interest. If Additional
Interest is payable by the Company pursuant to Section 2.04 or Section 7.01, the Company shall deliver to the Trustee an Officers’ Certificate to that effect stating (a) the amount of such Additional Interest that is payable and
(b) the date on which such 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.
If the Company has paid Additional Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee an Officers’ Certificate setting forth the particulars of such payment. 
 Section 5.10 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 6

 LISTS OF NOTEHOLDERS AND REPORTS BY 
 THE COMPANY AND THE TRUSTEE 
 Section 6.01 Lists of Noteholders. The Company covenants and agrees that it will furnish
or cause to be furnished to the Trustee, semi-annually, on each April 1 and October 1 in each year beginning with October 1, 2008, 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 Noteholders 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. 
  

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 Section 6.02 Preservation and Disclosure of Lists. (a) The Trustee shall preserve, in as
current a form as is reasonably practicable, all information as to the names and addresses of the Noteholders contained in the most recent list furnished to it as provided in Section 6.01 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 6.01 upon receipt of a new list so furnished. 
 (b) The rights of Noteholders to communicate with other Noteholders with respect to their rights under this Indenture or under the Notes and the corresponding rights and duties of the Trustee, shall be as provided by
the Trust Indenture Act. 
 (c) Every Noteholder, by receiving and holding the same, agrees with the Company and the Trustee
that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Noteholders made pursuant to the Trust Indenture Act. 
 Section 6.03 Reports by Trustee. (a) The Trustee shall transmit to holders such reports concerning the Trustee and its actions under this
Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty days after each May 15,
commencing on May 15, 2009, deliver to holders a brief report, dated as of such May 15, that complies with the provisions of such Section 313(a). 
 (b) A copy of each such report shall, at the time of such transmission to Noteholders, be filed by the Trustee with each stock exchange
and automated quotation system upon which the Notes are listed and with the Company. The Company will notify the Trustee in writing within a reasonable time when the Notes are listed on any stock exchange or automated quotation system and when any
such listing is discontinued. 
 ARTICLE 7 
 DEFAULTS AND REMEDIES 
 Section 7.01 Events of Default. The following events shall be “Events of
Default” with respect to the Notes: 
 (a) default in any payment of interest, including any Additional 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 required repurchase, upon declaration of acceleration or otherwise; 
 (c) failure by the Company to comply with its obligation to deliver the cash and shares of Common Stock, if any, in accordance with the terms of this Indenture upon exercise of a Noteholder’s conversion right; 
 (d) failure by the Company to issue a Fundamental Change Company Notice or the notice specified in Section 15.01(b)(ii),
15.01(b)(iii) or 16.02, in each case when due; 
 (e) failure by the Company to comply with its obligations as set forth in
Article 12; 
  

 24 

 (f) failure by the Company for 60 days after written notice from the Trustee or the
holders of at least 25% in principal amount of the Notes then outstanding (a copy of which notice, if given by such holders, also to be given to the Trustee) has been received by the Company to comply with any of its other agreements contained in
the Notes or this Indenture, which notice shall state that it is a “Notice of Default” hereunder; 
 (g) failure to
pay when due (whether at stated maturity or otherwise and including any applicable grace period relating to such indebtedness) by the Company or any of its Significant Subsidiaries of the principal of or interest on indebtedness for borrowed money
where the amount of such unpaid principal and/or interest is in an aggregate amount in excess of $25 million or more (or its foreign currency equivalent), or a default that results in the acceleration of maturity of any indebtedness for borrowed
money of the Company or any of its Significant Subsidiaries in an aggregate amount in excess of $25 million (or its foreign currency equivalent); 
 (h) the Company or any of its Significant Subsidiaries 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 of its Significant Subsidiaries 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 thirty consecutive days. 
 In case 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 7.01(h) or Section 7.01(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 9.04, by notice in
writing to the Company (and to the Trustee if given by Noteholders), may declare 100% of the principal of and accrued and unpaid interest and accrued and unpaid Additional Interest, if any, 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 in this Indenture or in the Notes contained to the contrary notwithstanding. If an Event of Default specified in Section 7.01(h) or
Section 7.01(i) occurs and is continuing with respect to the Company, the principal of all the Notes and accrued and unpaid interest and accrued and unpaid Additional Interest, if any, shall be immediately due and payable. This provision,
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, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay installments of accrued and unpaid interest and accrued and unpaid Additional Interest, if any, upon all Notes and the principal of any and all
Notes that shall have become due otherwise than by acceleration (with interest on overdue installments of accrued and unpaid interest and accrued and unpaid Additional Interest, if any, (to the extent that payment of such interest is enforceable
under applicable law) and on such principal at the rate borne by the Notes at such 

  

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time) and amounts due to the Trustee pursuant to Section 8.06, and if (1) rescission would not conflict with any judgment or decree of a court of
competent jurisdiction and (2) any and all Events of Defaults under this Indenture, other than the nonpayment of principal of and accrued and unpaid interest and accrued and unpaid Additional Interest, if any, on Notes that shall have become
due solely by such acceleration, shall have been cured or waived pursuant to Section 7.07, then and in every such case 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 (other than a Default or an Event of Default resulting from a failure to repurchase any Notes when required upon a Fundamental Change or a failure to deliver, upon
conversion, cash and shares of Common Stock (or cash in lieu of such shares of Common Stock), if any, due upon conversion) and rescind and annul such declaration and its consequences (other than a declaration or consequences, as the case may be,
resulting from a failure to repurchase any Notes when required upon a Fundamental Change or a failure to deliver, upon conversion, cash, a combination of cash and shares of Common Stock, as applicable, due upon conversion) and such Default (other
than a Default resulting from a failure to repurchase any Notes when required upon a Fundamental Change or a failure to deliver, upon conversion, cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, due
upon conversion) shall cease to exist, and any Event of Default arising therefrom (other than a Default resulting from a failure to repurchase any Notes when required upon a Fundamental Change or a failure to deliver upon conversion of Notes amounts
owing upon conversion) 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 in this Indenture or in the Notes to
the contrary, to the extent the Company shall so elect, for the first 120 days after an Event of Default relating to (1) the Company’s failure to file with the Trustee pursuant to Section 314(a)(1) of the Trust Indenture Act any
documents or reports that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act, or (2) the Company’s failure to comply with Section 5.06(b) of this Indenture, and the continuation
thereof, the sole remedy for any such Event of Default shall be the accrual of Additional Interest on the Notes at a rate per year equal to 0.25% of the outstanding principal amount of the Notes (provided that, and without any prejudice to
the Company’s election to pay Additional Interest as the sole remedy for an Event of Default described in this paragraph, Additional Interest payable as described in this paragraph, when taken together with any Additional Interest that may be
payable as described in Section 2.04, will under no circumstances exceed 0.25% per annum in any given 365 day period), payable semi-annually at the same time and in the same manner as regular interest on the Notes pursuant to
Section 2.03 and Section 5.01 accruing from and including the date on which such Event of Default first occurs until such Event of Default is cured or waived or ceases to exist. On and after the 120th day (if the Event of Default relating to the failure to file the Exchange Act Reports as required by Section 2.04 is not cured or waived prior to such 120th day), either the Trustee or the Noteholders of not less than 25% in aggregate principal amount of the Notes then outstanding may declare the principal amount
of the Notes and any accrued and unpaid interest, including any Additional Interest, through the date of such declaration, to be immediately due and payable. In the event the Company does not elect to pay the Additional Interest upon an Event of
Default in accordance with this paragraph, the Notes will be subject to acceleration as provided in this Section 7.01. 
 In order to
elect to pay the Additional Interest in accordance with the immediately preceding paragraph, the Company must notify in writing all Noteholders, the Trustee and Paying Agent of its election to pay Additional Interest on or before the close of
business on the date on which the related Event of Default occurs. Upon the failure to timely give all Noteholders, the Trustee and Paying Agent such notice, the Notes will be subject to acceleration as provided in this 7.01. 
  

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 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 such waiver or rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the Noteholders, 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 Noteholders, and the Trustee shall continue as though no such
proceeding had been instituted. 
 Section 7.02 Payments of Notes on Default; Suit Therefor. If an Event of Default described in
clause (a) or (b) of Section 7.01 shall have occurred, the Company shall, upon demand of the Trustee, pay to it, for the benefit of the holders of the Notes, the whole amount then due and payable on the Notes for principal and
interest and Additional Interest, if any, with interest on any overdue principal, interest and Additional 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 8.06. 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 7.02, 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 and accrued and unpaid Additional 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 Noteholders 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 the Trustee under Section 8.06; and any receiver, assignee or trustee in bankruptcy or reorganization, liquidator, custodian or similar official
is hereby authorized by each of the Noteholders 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 Noteholders, 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 8.06 hereof, 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. 
  

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 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Noteholder or the rights of any Noteholder thereof, or to authorize the Trustee to vote in respect of the claim of any Noteholder 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. 
 Section 7.03 Application of Monies Collected by Trustee. Any monies or property collected by the Trustee pursuant to this Article 7 with
respect to the Notes shall be applied in the order following, 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 under Section 8.06; 

SECOND: in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest on the Notes, including
Additional Interest, if any, in default in the order of the date due of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest 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 the payment of the Fundamental Change Repurchase Price and the cash component of the amounts owing upon conversion of
the Notes, if any, then owing and unpaid upon the Notes for principal and interest, including Additional 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 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 and accrued and
unpaid interest; and 
 FOURTH: to the payment of the remainder, if any, to the Company. 
 Section 7.04 Proceedings by Noteholders. No holder of any Note shall have any right by virtue of or by availing of any provision of this
Indenture 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 such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as hereinbefore provided, and unless also the holders of not less than 25% in aggregate principal amount
of the Notes then outstanding shall have made written request upon the 

  

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Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such security or indemnity
satisfactory to it against any loss, liability or expense to be incurred therein or thereby, and the Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action,
suit or proceeding and 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 in principal amount of the Notes outstanding within such 60-day
period pursuant to Section 7.07; 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 Noteholders 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 Noteholder, 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 Noteholders (except as otherwise provided herein). For the protection and enforcement of this Section 7.04, each and every
Noteholder 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 Noteholder to receive payment of the principal of, and accrued and unpaid interest and accrued and unpaid Additional Interest, if any, on 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 on or after such respective dates against the Company shall not be impaired or affected without the
consent of such Noteholder. 
 Anything in this Indenture or the Notes to the contrary notwithstanding, the holder of any Note, without the
consent of either the Trustee or the holder of any other Note, in its own behalf and for its own benefit, may enforce, and may institute and maintain any proceeding suitable to enforce, its rights of conversion as provided herein. 
 Section 7.05 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.

 Section 7.06 Remedies Cumulative and Continuing. Except as provided in the last paragraph of Section 2.07, all powers and
remedies given by this Article 7 to the Trustee or to the Noteholders 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 any acquiescence therein; and, subject to the provisions of Section 7.04, every power and
remedy given by this Article 7 or by law to the Trustee or to the Noteholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Noteholders. 
 Section 7.07 Direction of Proceedings and Waiver of Defaults by Majority of Noteholders. The holders of a majority in aggregate principal
amount of the Notes at the time outstanding determined in accordance with Section 9.04 shall have the right to direct the time, method and place of conducting 

  

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any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to 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. The holders of a majority in aggregate principal amount of the Notes at the time
outstanding determined in accordance with Section 9.04 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) a default in the payment of accrued and unpaid
interest or accrued and unpaid Additional Interest, if any, on, or the principal of, the Notes when due that has not been cured pursuant to the provisions of Section 7.01, (ii) a failure by the Company to deliver cash and shares of Common
Stock (or cash in lieu of such shares of Common Stock), if any, upon conversion of the Notes or (iii) a default in respect of a covenant or provision hereof which under Article 11 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 7.07, 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. 
 Section 7.08 Notice of Defaults. The Trustee shall, within 90 days after the occurrence and continuance of a Default of which a Responsible
Officer has actual knowledge, mail to all Noteholders as the names and addresses of such holders appear upon the Note Register, notice of all Defaults known to a Responsible Officer, unless such Defaults shall have been cured or waived before the
giving of such notice; and provided that, except in the case of a Default in the payment of the principal of, accrued and unpaid interest or accrued and unpaid Additional Interest, if any, on any of the Notes, including without limiting the
generality of the foregoing any Default in the payment of any Fundamental Change Repurchase Price, then in any such event the Trustee shall be protected in withholding such notice if and so long as a committee of Responsible Officers of the Trustee
in good faith determine that the withholding of such notice is in the interests of the Noteholders. 
 Section 7.09 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 7.09 (to the extent permitted by law) shall not apply to any suit instituted by the Trustee, to any suit instituted by any Noteholder, or group of Noteholders, holding in the aggregate more than 10% in principal
amount of the Notes at the time outstanding determined in accordance with Section 9.04, or to any suit instituted by any Noteholder for the enforcement of the payment of the principal of and accrued and unpaid interest or accrued and unpaid
Additional Interest, if any, on any Note 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 15. 
  

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 ARTICLE 8 
 CONCERNING THE TRUSTEE 
 Section 8.01 Duties and Responsibilities of Trustee. The Trustee, prior
to the occurrence of an Event of Default 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 case an Event of
Default has occurred (which has not been cured or waived) 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 their 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 to the Trustee indemnity or security satisfactory to it against the costs, expenses and liabilities that might be incurred by it in compliance with such request or
direction. 
 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, the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture and the Trust Indenture Act, 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 and the Trust Indenture Act against the Trustee;
and 
 (b) in the absence of bad faith and 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); 
 (c) 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; 
 (d) 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 in principal amount of the Notes at the time outstanding determined as provided in Section 9.04 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; 
 (e) 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; 
  

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 (f) 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-registrar with respect to the Notes; 
 (g) 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 such Responsible Officer of the Trustee had actual knowledge of such event; 
 (h) 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; and 
 (i) in the event that the
Trustee is also acting as Custodian, Note Registrar, Paying Agent, Conversion Agent or transfer agent hereunder, the rights and protections afforded to the Trustee pursuant to this Article 8 shall also be afforded to such Custodian, Note Registrar,
Paying Agent, Conversion Agent or transfer agent. 
 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 8.02 Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 8.01: 
 (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 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 Officers’ 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 and require an opinion of counsel and any 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; 
 (d) the Trustee shall be under no
obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Noteholders pursuant to the provisions of this Indenture, unless such Noteholders shall have offered to the Trustee
security or indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred therein or thereby; 
  

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 (e) 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; 
 (f) 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; and 
 (g) the permissive rights of
the Trustee enumerated herein shall not be construed as duties. 
 In no event shall the Trustee be liable for any consequential 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 other than any such loss or damage caused by the
Trustee’s willful misconduct or gross negligence. 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. 
 Section 8.03 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 or sufficiency 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. 
 Section 8.04 Trustee, Paying Agents, Conversion Agents or Registrar May Own Notes. The Trustee, any Paying Agent, any Conversion Agent 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 or Note Registrar. 
 Section 8.05 Monies to Be Held in Trust. All monies 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 held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by
it hereunder except as may be agreed from time to time by the Company and the Trustee. 
 Section 8.06 Compensation and Expenses of
Trustee. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable 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 

  

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not regularly in its employ) except any such expense, disbursement or advance as shall have been caused by its gross negligence, willful misconduct or bad
faith. 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 agents and any authenticating agent for, and to hold them harmless
against, any loss, claim, damage, liability or expense incurred without gross negligence, willful misconduct or bad faith on the part of the Trustee, its officers, directors, agents or employees, or such agent or authenticating agent, as the case
may be, and to the extent arising out of or in connection with the acceptance or administration of this trust or in any other capacity hereunder, including the reasonable costs and expenses of defending themselves against any claim of liability in
the premises. The obligations of the Company under this Section 8.06 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 7.03, funds held in trust herewith for the benefit of the holders of particular Notes. The Trustee’s right to
receive payment of any amounts due under this Section 8.06 shall not be subordinate to any other liability or indebtedness of the Company (even though the Notes may be so subordinated). The obligation of the Company under this Section 8.06
shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal or 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 8.06 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 7.01(i) or
Section 7.01(j) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws. 
 Section 8.07 Officers’ Certificate as Evidence. Except as otherwise provided in Section 8.01, 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, willful misconduct, recklessness and bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such
Officers’ Certificate, in the absence of gross negligence, willful misconduct, recklessness and bad faith 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. 
 Section 8.08 Conflicting Interests of Trustee. If the Trustee has or shall acquire a
conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either (a) eliminate such interest within 90 days, (b) apply to the Commission for permission to continue as Trustee or (c) resign, to the extent
and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 
 Section 8.09
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 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. 
  

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 Section 8.10 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 mailing notice thereof to the Noteholders at their addresses as they shall appear on the Note Register. 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 60 days after the mailing of such notice of resignation to the Noteholders, the resigning Trustee may, upon ten Business Days’ notice to the Company and the Noteholders, petition any court
of competent jurisdiction for the appointment of a successor trustee, or any Noteholder who has been a bona fide holder of a Note or Notes for at least six months may, subject to the provisions of Section 7.09, on behalf of himself 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. Any resignation by, or removal of,
the Trustee shall not be effective until a successor trustee has been appointed. 
 (b) In case at any time any of the
following shall occur: 
 (i) the Trustee shall fail to comply with Section 8.08 within a reasonable time after written
request therefor by the Company or by any Noteholder who has been a bona fide holder of a Note or Notes for at least six months, or 
 (ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 8.09 and shall fail to resign after written request therefor by the Company or by any such Noteholder, or 
 (iii) 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, 
 then, in any such 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 7.09, any Noteholder who has been a bona fide holder of a Note
or Notes for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction 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 9.04, 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 Noteholder, upon the terms and conditions and otherwise as in Section 8.10(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 8.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 8.11. 

 

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 Section 8.11 Acceptance by Successor Trustee. Any successor trustee appointed as provided in
Section 8.10 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 8.06, 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 claim 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 8.06. 
 No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and be eligible under the
provisions of Section 8.09. 
 Upon acceptance of appointment by a successor trustee as provided in this Section 8.11, each of the
Company and the successor trustee, at the written direction and at the expense of the Company shall mail or cause to be mailed notice of the succession of such trustee hereunder to the Noteholders at their addresses as they shall appear on the Note
Register. If the Company fails to mail such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company. 
 Section 8.12 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 qualified under the provisions of Section 8.08 and eligible under the
provisions of Section 8.09. 
 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. 
  

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 Section 8.13 Limitation on Rights of Trustee as Creditor. If and when the Trustee shall be or
become a creditor of the Company (or any other obligor upon the Notes), after qualification under the Trust Indenture Act, the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of the claims against the
Company (or any such other obligor). 
 Section 8.14 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 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 the date any
officer that the Company has indicated to the Trustee should receive such application actually receives such application, 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. 
 ARTICLE 9 
 CONCERNING THE NOTEHOLDERS

 Section 9.01 Action by Noteholders. Whenever in this Indenture it is provided that the holders of a specified percentage in
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 Noteholders in person or by agent or proxy appointed in writing, or (b) by the record
of the Noteholders voting in favor thereof at any meeting of Noteholders duly called and held in accordance with the provisions of Article 10, or (c) by a combination of such instrument or instruments and any such record of such a meeting of
Noteholders. 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 Noteholders entitled to take such action. The record date if one is selected shall be not more than 15 days prior to the date of commencement of solicitation of such action. 
 Section 9.02 Proof of Execution by Noteholders. Subject to the provisions of Section 8.01, Section 8.02 and Section 10.05,
proof of the execution of any instrument by a Noteholder 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 Noteholders’ meeting shall be proved in the manner provided in Section 10.06. 
 Section 9.03 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 of, and (subject to Section 2.03) accrued and unpaid interest and accrued
and unpaid Additional Interest, if any, on such Note, for conversion of such Note and for all other purposes; 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. All such payments so made to any holder for the time being, or upon its order, shall be valid, 

  

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and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for monies payable upon any such Note. Notwithstanding
anything to the contrary in this Indenture or the Notes following an Event of Default, any holder 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. 
 Section 9.04 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 or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company
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 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 9.04 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 or a Person directly or indirectly controlling or controlled by or under direct or indirect common control with the
Company. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. The Company shall furnish to the Trustee promptly an Officers’ 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 8.01, the Trustee shall be entitled to accept such Officers’ 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 9.05 Revocation of Consents; Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the holders
of the percentage in 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 9.02, 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 10 
 NOTEHOLDERS’ MEETINGS 
 Section 10.01 Purpose of Meetings. A meeting of Noteholders may be called at any time and from time to time pursuant to the provisions of this Article 10 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 and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to any of the provisions of Article 7; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article 8; 
  

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 (c) to consent to the execution of an indenture or indentures supplemental hereto
pursuant to the provisions of Section 11.02; 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 10.02 Call of Meetings by Trustee. The Trustee may at any time call a meeting of Noteholders to take any action specified in Section 10.01, to be held at such time and at such place as the Trustee shall determine.
Notice of every meeting of the Noteholders, 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 9.01, shall be
mailed to holders of such Notes at their addresses as they shall appear on the Note Register. Such notice shall also be mailed to the Company. Such notices shall be mailed not less than 20 nor more than 90 days prior to the date fixed for the
meeting. 
 Any meeting of Noteholders 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 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 10.03 Call of Meetings by Company or Noteholders. In case at any time the Company, pursuant to a Board Resolution, or
the holders of at least 10% in aggregate principal amount of the Notes then outstanding, shall have requested the Trustee to call a meeting of Noteholders, by written request setting forth in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Noteholders may determine the time and the place for such meeting and may call such meeting to take any
action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02. 
 Section 10.04 Qualifications
for Voting. To be entitled to vote at any meeting of Noteholders 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 Noteholders 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 10.05
Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Noteholders, 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. 
 The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have
been called by the Company or by Noteholders as provided in Section 10.03, in which case the Company or the Noteholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson. A permanent chairperson and a
permanent secretary of the meeting shall be elected by vote of the holders of a majority in principal amount of the Notes represented at the meeting and entitled to vote at the meeting. 
  

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 Subject to the provisions of Section 9.04, at any meeting of Noteholders each Noteholder or
proxyholder shall be entitled to one vote for each $1,000 principal amount of Notes held or represented by him; 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 chairperson of the meeting to be not outstanding. The chairperson 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 Noteholders. Any meeting of Noteholders duly called pursuant to the provisions of Section 10.02 or Section 10.03 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 10.06 Voting. The vote upon any resolution submitted to any meeting of Noteholders shall be by written ballot on which shall be subscribed the signatures of the Noteholders or of their representatives by proxy and the
outstanding principal amount of the Notes held or represented by them. The permanent chairperson 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 Noteholders 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 mailed as provided in Section 10.02. The record shall show the 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
chairperson 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 10.07 No Delay of Rights by Meeting. Nothing contained in this Article 10 shall be deemed or construed to authorize or permit, by
reason of any call of a meeting of Noteholders 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 Noteholders
under any of the provisions of this Indenture or of the Notes. 
 ARTICLE 11 
 SUPPLEMENTAL INDENTURES 
 Section 11.01 Supplemental Indentures Without Consent
of Noteholders. 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 in this Indenture; 
 (b) to provide for the assumption by a Successor Company of the obligations of the Company under this Indenture pursuant to Article 12;

 (c) to provide for uncertificated notes in addition to or in place of certificated notes; 
 (d) to add guarantees with respect to the Notes; 
 (e) to secure the Notes; 
  

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 (f) to add to the covenants of the Company such further covenants, restrictions or
conditions for the benefit of the Noteholders or surrender any right or power conferred upon the Company; 
 (g) to make any
other change that does not materially adversely affect the rights of any holder; or 
 (h) to conform the provisions of the
Indenture or the Notes to the description thereof set forth under the caption “Description of notes” in the Offering Memorandum. 
 Upon the written request of the Company, the Trustee is hereby authorized to 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, but 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 or immunities under this Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this Section 11.01 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 11.02. 
 Section 11.02
Supplemental Indentures With Consent of Noteholders. With the consent (evidenced as provided in Article 9) of the holders of at least a majority in aggregate principal amount of the Notes at the time outstanding (determined in accordance with
Article 9 and including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), the Company, when authorized by the resolutions of the Board of Directors 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 or
any supplemental indenture or of modifying in any manner the rights of the holders of the Notes; provided, however, that no such supplemental indenture shall: 
 (a) reduce the percentage in principal amount of outstanding Notes whose holders must consent to a modification of, or an amendment to,
this Indenture; 
 (b) reduce the rate or extend the stated time for payment of interest, including Additional Interest, on
any Note; 
 (c) reduce the principal amount of, or extend the Maturity Date of, any Note; 
 (d) make any change that adversely affects the conversion rights of any Notes; 
 (e) reduce the Fundamental Change Repurchase Price of any Note or amend or modify in any manner adverse to the holders of the Notes 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 principal or interest payable in a currency other than that stated in the Note; 
  

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 (g) impair the right of any holder to receive payment of principal of and interest,
including Additional Interest, if any, 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 
 (h) make any change in this Article 11 that requires each holder’s consent or in the waiver provisions in Section 7.01 or
Section 7.07; 
 in each case without the consent of each holder of an outstanding Note affected. 
 Upon the written request of the Company, and upon the filing with the Trustee of evidence of the consent of Noteholders as aforesaid and subject to
Section 11.05, 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 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. 
 It shall not be necessary
for the consent of the Noteholders under this Section 11.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. After an amendment under this
Indenture becomes effective, the Company shall mail to the holders a notice briefly describing such amendment. However, the failure to give such notice to all the holders, or any defect in the notice, will not impair or affect the validity of the
amendment. 
 Section 11.03 Effect of Supplemental Indentures. Any supplemental indenture executed pursuant to the provisions of
this Article 11 shall comply with the Trust Indenture Act, as then in effect. Upon the execution of any supplemental indenture pursuant to the provisions of this Article 11, 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 Noteholders 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 11.04 Notation on Notes. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article 11 may, at the Company’s 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 Board of Directors, 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 by
the Trustee (or an authenticating agent duly appointed by the Trustee pursuant to Section 17.11) and delivered in exchange for the Notes then outstanding, upon surrender of such Notes then outstanding. 
 Section 11.05 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 Officers’ Certificate and, if requested, an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this Article 11
and is permitted or authorized by the Indenture. 
  

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 ARTICLE 12 
 CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE 
 Section 12.01 Company May Consolidate, Etc. on
Certain Terms. 
 Subject to the provisions of Section 12.02, the Company shall not consolidate with or merge with or into another
person, or (other than to a wholly-owned Subsidiary of the Company existing under the laws of the United States, any state thereof or the District of Columbia) convey, transfer or lease all or substantially all of its properties and assets to,
another Person, unless: 
 (a) the resulting, surviving or transferee Person (the “Successor Company”), if
not the Company, shall be a Person organized and existing under the laws of the United States, any State thereof or the District of Columbia, and the Successor Company (if not the Company) shall expressly assume, by supplemental indenture, executed
and delivered to the Trustee, all the obligations of the Company under the Notes and this Indenture; and 
 (b) immediately
after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing under this Indenture. 
 Upon
any such consolidation, merger, conveyance, transfer or lease the Successor Company (if not the Company) shall succeed to, and may exercise every right and power of, the Company under this Indenture. 
 Section 12.02 Successor Corporation to Be Substituted. In case of any such consolidation, merger, conveyance, transfer or lease and upon the
assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest and accrued and unpaid Additional Interest, if any, 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 shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the party of the first part. 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, conveyance or transfer (but not in the case of a lease of all or substantially all of the Company’s property and assets), 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 12 may be dissolved, wound up and liquidated at any time thereafter and, except in the case of a lease of all or substantially all of the Company’s
property and assets, such Person shall be released from its liabilities as obligor and maker of the Notes and from its obligations and covenants under this Indenture. 
  

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 In case of any such consolidation, merger, 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. 
 Section 12.03 Opinion of
Counsel to Be Given Trustee. No merger, consolidation, conveyance, transfer or lease shall be effective unless the Trustee shall receive an Officers’ Certificate and, if requested, an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, conveyance, transfer or lease and any such assumption and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, complies with the provisions of this Article 12. 

ARTICLE 13 
 IMMUNITY OF INCORPORATORS,
STOCKHOLDERS, 
 OFFICERS AND DIRECTORS 
 Section 13.01 Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of or accrued and unpaid interest and accrued and unpaid Additional Interest, if any, 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 or entity, either directly or through the
Company or any successor corporation or entity, 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 14

 [INTENTIONALLY OMITTED] 
 ARTICLE 15 
 CONVERSION OF NOTES 
 Section 15.01 Conversion Privilege. (a) Upon compliance with the provisions of this Article 15, a Noteholder 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 15.01(b) below, at any time prior to the close of business on the Business
Day immediately preceding January 15, 2011 under the circumstances and during the periods set forth in Section 15.01(b) below, and (ii) irrespective of the conditions described in Section 15.01(b) below, on or after
January 15, 2011 and prior to the close of business on the third Scheduled Trading Day immediately preceding the Maturity Date, in each case, at an initial conversion rate (the “Conversion Rate”) of 18.8525 shares of Common
Stock (subject to adjustment as provided in Section 15.04 of this Indenture) per $1,000 principal amount of Notes. 
 (b)
(i) The Notes may be surrendered for conversion during the five Business Day period immediately after any 10 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 Noteholder in accordance with this paragraph, for each day of such Measurement Period was less than 98% of the product of the Last Reported Sale Price of the Common Stock on such Trading Day and the
then-applicable Conversion Rate on such Trading Day. The Trading Prices shall be determined by the Bid Solicitation Agent pursuant to this clause and the definition of Trading Price set forth in this Indenture. 

  

 44 

 
The Company shall provide written notice to the Bid Solicitation Agent 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 shall have no obligation to determine the Trading Price of the Notes unless requested by the Company, and the
Company shall have no obligation to make such request unless a Noteholder provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of the Notes would be less than 98% of the product of the then-applicable
Conversion Rate and the Last Reported Sale Price of the Common Stock at such time and such Noteholder requests that the Company request the Bid Solicitation Agent to determine the Trading Price, at which time the Company shall instruct the Bid
Solicitation Agent to determine the Trading Price of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of the Notes is greater than or equal to 98% of the product of
the then-applicable Conversion Rate and the Last Reported Sale Price of the Common Stock on such Trading Day. If the Company does not, when obligated to, instruct the Bid Solicitation Agent to obtain bids to determine the Trading Price of the Notes
as provided in the preceding sentence, then the Trading Price per $1,000 principal amount of Notes will be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the then-applicable Conversion Rate on each
day the Company fails to so instruct the Bid Solicitation Agent. If the Trading Price condition set forth above has been met, the Company shall so notify the Noteholders, the Trustee and the Conversion Agent. 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 then-applicable Conversion Rate and the Last Reported Sale Price of the Common Stock on such Trading
Day, the Company shall so notify the Noteholders, the Trustee and the Conversion Agent. In either case, the Company shall promptly publish a notice indicating that the Trading Price condition set forth above has been met or, at any time after the
Trading Price condition set forth above has been met, that the Trading Price per $1,000 principal amount of Notes is greater than 98% of the product of the then-applicable Conversion Rate and the Last Reported Sale Price of the Common Stock on the
relevant Trading Day, as the case may be, on its website, by posting such information through the facilities of the Depositary or through such other public medium as the Company may elect to use at that time. 
 (ii) In the event that the Company elects to: 
 (A) distribute to all or substantially all holders of its Common Stock certain rights or warrants entitling them to subscribe for or
purchase, for a period expiring within 60 days after the date of the distribution, shares of Common Stock at a price per share less than the average of the Last Reported Sale Prices of a share of Common Stock for the 10 consecutive Trading Day
period ending on the Trading Day preceding the announcement of such issuance; or 
 (B) distribute to all or substantially
all holders of Common Stock the Company’s assets, debt securities, or certain rights to purchase securities of the Company, which distribution has a per share value (as reasonably determined by the Board of Directors) exceeding 10% of the Last
Reported Sale Price of the Common Stock on the Trading Day immediately preceding the date of declaration for such distribution, 
 then, in
each case, the Company shall notify all Noteholders, the Trustee and the Conversion Agent, not less than 35 Scheduled Trading Days prior to the Ex-Dividend Date for such distribution. Once the Company has given such notice, the Notes may be
surrendered for conversion at any time until the earlier of (1) 5:00 p.m., New York City time, on the Business Day immediately prior to such Ex-Dividend Date or (2) the Company’s announcement that such distribution will not take
place, even if the Notes are not otherwise convertible at such time. Notwithstanding the foregoing, no Noteholder may convert its 

  

 45 

 
Notes pursuant to this Section 15.02(b)(ii) if such Noteholder is otherwise able to participate (as a result of holding the Notes, and at the same time
as Common Stock holders participate in such distribution) in such distribution on an as converted basis (as if such Noteholder held, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the applicable
Conversion Rate). 
 (iii) If a transaction or event that constitutes a Fundamental Change or a Make-Whole Fundamental Change
occurs, regardless of whether a holder has the right to require the Company to repurchase the Notes in accordance with Article 16 hereof, or if the Company is a party to a consolidation, merger, binding share exchange, or a transfer or lease of all
or substantially all of its assets (provided that the Notes shall not become convertible by reason of a consolidation, merger or other transaction effected with one of the Company’s direct or indirect Subsidiaries for the sole purpose of
changing the state of incorporation or organization of the Company to any other state within the United States or the District of Columbia), pursuant to which the Common Stock would be converted into cash, securities or other assets, a Noteholder
may surrender Notes for conversion at any time from and after the date that is 35 Scheduled Trading Days prior to the anticipated effective date of such transaction until 35 Trading Days after the actual effective date of such transaction or, if
such transaction also constitutes a Fundamental Change, until the related Fundamental Change Repurchase Date. The Company shall give notice to the Trustee and Noteholders of the anticipated effective date of any such transaction at least 35
Scheduled Trading Days prior to the anticipated effective date of such transaction. If the transaction is a Make-Whole Fundamental Change, the Company shall also state in such notice that in connection with such Make-Whole Fundamental Change, the
Company shall increase, in accordance with Section 15.03, the Conversion Rate applicable to Notes entitled as provided herein to such increase (along with a description of how such increase shall be calculated and the time periods during which Notes
must be surrendered in order to be entitled to such increase). 
 (iv) The Notes may be surrendered for conversion in any
Fiscal Quarter commencing after June 30, 2008, and only during such Fiscal Quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of
the immediately preceding Fiscal Quarter is greater than or equal to 130% of the applicable Conversion Price on each applicable Trading Day. The Conversion Agent, on behalf of the Company, shall determine at the beginning of each Fiscal Quarter
commencing after June 30, 2008 whether the Notes may be surrendered for conversion in accordance with this clause (iv) and shall notify the Company and the Trustee. 
 Section 15.02 Conversion Procedure. 
 (a) [Reserved]. 
 (b) Upon conversion of $1,000 principal amount of Notes, the Company shall
pay cash up to the principal amount of such Notes and, to the extent that the conversion value of such Notes exceeds the principal amount of such Notes, cash or shares of Common Stock or a combination thereof, at the option of the Company, in
respect of the excess. The payment upon conversion shall be determined as follows. 
 Subject to Section 15.02(c), upon a conversion of
Notes, the Company shall deliver, in respect of each $1,000 principal amount of Notes being converted, cash and shares of Common Stock, if any, equal to the sum of the Daily Settlement Amounts for each of the 30 Trading Days during the Observation
Period. The Company shall also deliver to each converting Noteholder cash in lieu of fractional shares of Common Stock, if any, as set forth in clause (l) below. The Company shall deliver the sum of the Daily Settlement Amounts for each of the
30 Trading Days during the Observation Period to converting Noteholders on the third Business Day immediately following the last day of the Observation Period. 
  

 46 

 (c) On any day prior to the first Trading Day of the applicable Observation Period, the
Company may specify a percentage of the Daily Share Amount that will be settled in cash (the “Cash Percentage”). If the Company elects to specify a Cash Percentage, the amount of cash that the Company will deliver in respect of the
Daily Share Amount for each Trading Day in the applicable Observation Period will equal the product of: (1) the Cash Percentage, (2) the Daily Share Amount for such Trading Day and (3) the Daily VWAP on such Trading Day. The number of
shares deliverable in respect of the Daily Share Amount for each Trading Day in the applicable Observation Period will be a percentage of the Daily Share Amount equal to 100% minus the Cash Percentage. If the Company does not specify a Cash
Percentage by the start of the applicable Observation Period, the Company must settle 100% of the Daily Share Amount for each Trading Day in the applicable Observation Period with shares of Common Stock. 
 (d) Before any holder of a Note shall be entitled to convert the same as set forth above, such holder shall (i) in the case of a
Global Note, comply with the 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 15.02(j) and,
if required, all transfer or similar taxes and duties, if any, and (ii) in the case of a Note issued in certificated form, (1) complete and manually sign and deliver an irrevocable notice (a “Notice of Conversion”) to the
Conversion Agent in the form on the reverse of such certificated Note (or a facsimile thereof) at the office of the Conversion Agent and shall 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, if any, to be delivered upon settlement of the amounts owing upon conversion of the Notes 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, pay funds equal to interest payable on the next Interest Payment Date to which such
holder is not entitled as set forth in Section 15.02(j), (4) if required, furnish appropriate endorsements and transfer documents, and (5) if required, pay all transfer or similar taxes, if any as set forth in Section 15.02(g).
The Trustee (and if different, the relevant Conversion Agent) shall notify the Company of any conversion pursuant to this Article 15 on the date of such conversion. No Notice of Conversion with respect to any Notes may be surrendered by a holder
thereof if such holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of such Notes and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Section 16.03. 
 If more than one Note shall be surrendered for conversion at one time by the same holder, the aggregate amounts of cash and shares of Common Stock, if
any, owing upon conversion with respect to such Notes that shall be payable upon such conversion 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. 
 (e) 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 clause (d). The Company shall pay and deliver, as the case may be, the cash and shares of Common Stock (or cash in lieu of such shares of Common
Stock in accordance with the provisions of Section 15.02(c)), if any, due in accordance with the provisions of Section 15.02(b) by the third Trading Day immediately following the last Trading Day of the applicable Observation Period. If
any shares of Common Stock are due to converting Noteholders, the Company shall issue or cause to be issued, and deliver to the Conversion Agent or to such Noteholder, or such Noteholder’s nominee or nominees, certificates or a book-entry
transfer through the Depositary for the number of full shares of Common Stock to which such Noteholder shall be entitled in satisfaction of the amounts owing upon conversion. 
  

 47 

 (f) In case any Note shall be surrendered for partial conversion, the Company shall
execute and the Trustee upon receipt of a Company Order shall authenticate and deliver to or upon the written order of the holder of the Note so surrendered, without charge to such holder, a new Note or Notes in authorized denominations in an
aggregate principal amount equal to the unconverted portion of the surrendered Note. 
 (g) If a holder submits a Note for
conversion, the Company shall pay all documentary, stamp and other duties or similar issue or transfer tax, if any, that may be imposed by the United States or any political subdivision thereof or taxing authority thereof or therein with respect to
the issuance of shares of Common Stock, if any, upon the conversion. However, the holder shall pay any such tax that is due because the holder requests any shares of Common Stock to be issued in a name other than the holder’s name. 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 will be due because the shares
are to be issued in a name other than the holder’s name. Nothing herein shall preclude any tax withholding required by law or regulations. 
 (h) Except as provided in Section 15.04, no adjustment shall be made for dividends on any shares issued upon the conversion of any Note as provided in this Article. 
 (i) 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. 
 (j) Upon conversion, a Noteholder shall not receive any separate cash payment for accrued and unpaid interest and Additional Interest, if
any, except as set forth below. The Company’s delivery of the amounts owing upon conversion as described above shall be deemed to satisfy its obligation to pay the principal amount of the Note and accrued and unpaid interest and Additional
Interest, if any, to, but not including, the Conversion Date. As a result, accrued and unpaid interest and Additional Interest, if any, to, but not including, the Conversion Date shall be deemed to be paid in full rather than cancelled, extinguished
or forfeited. Notwithstanding the preceding sentence, if Notes are converted after the close of business on an Interest Record Date, holders of such Notes as of the close of business on the Interest Record Date will receive the interest and
Additional Interest, if any, 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 Interest Record Date to the opening of
business on the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest and Additional Interest, if any, payable on the Notes so converted; provided, however, that no such payment shall be
required (1) if the Company has specified a Fundamental Change Repurchase Date that is after an Interest Record Date and on or prior to the Third Trading Day after the corresponding Interest Payment Date, (2) to the extent of any overdue
interest, if any, exists at the time of conversion with respect to such Note or (3) if the Notes are surrendered for conversion after the close of business on the Interest Record Date immediately preceding the Maturity Date. Except as described
above, no payment or adjustment will be made for accrued and unpaid interest and Additional Interest, if any, on converted Notes. 
 (k) 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 last Trading Day of the related Observation
Period; provided, however, if such last Trading Day of the Observation Period occurs on any date when the stock transfer books of the Company shall be closed, such occurrence shall not be effective to constitute the Person or Persons entitled
to receive any such shares of Common Stock due upon conversion as the record holder or holders of such 

  

 48 

 
shares of Common Stock on such date, but such occurrence shall be effective to constitute the Person or Persons entitled to receive such shares of Common
Stock as the record holder or holders thereof for all purposes at the close of business on the next succeeding day on which such stock transfer books are open. Upon conversion of Notes, such Person shall no longer be a Noteholder. 
 (l) For each Note surrendered for conversion, the number of full shares that shall be issued upon conversion thereof shall be computed on
the basis of the aggregate Daily Settlement Amounts for the applicable Observation Period (after giving effect to any election by the Company to deliver cash in lieu of shares of Common Stock in accordance with the provisions of
Section 15.02(c)) and any fractional shares remaining after such computation shall be paid in cash. If more than one Note shall be surrendered for conversion at one time by the same holder, the number of full shares that shall be issued upon
conversion thereof shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof) so surrendered. The Company shall not issue fractional shares of Common Stock upon conversion of Notes. Instead, the
Company shall pay cash in lieu of fractional shares based on the Daily VWAP on the final Trading Day of the relevant Observation Period. 
 (m) For the purposes of determining payment upon conversion only as described in this Section 15.02, “Trading Day” means a day on which (i) there is no Market Disruption Event and
(ii) trading in securities generally occurs on The Nasdaq Global Select Market or, if the Common Stock is not then listed on The Nasdaq Global Select Market, 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, in the principal other market on which the Common Stock is then traded. If the Common Stock (or other security for which a
Daily VWAP must be determined) is not so listed or traded, “Trading Day” means a “Business Day.” 
 Section 15.03 Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes. (a) Notwithstanding anything herein to the contrary, the Conversion Rate applicable to each Note
that is surrendered for conversion, in accordance with this Article 15, at any time from, and including, the effective date of a Make-Whole Fundamental Change up to, and including, the close of business on the Business Day immediately prior to the
related Fundamental Change Repurchase Date (or, in the case of an event that would have been a Fundamental Change but for proviso (ii) in the second clause of the definition thereof, the 35th Trading Day immediately following the
Effective Date of such Make-Whole Fundamental Change), shall be increased to an amount equal to the Conversion Rate that would, but for this Section 15.03, otherwise apply to such Note pursuant to this Article 15, plus an amount equal to the
Make-Whole Conversion Rate Adjustment. 
 As used herein, “Make-Whole Conversion Rate Adjustment” shall mean, with respect
to a Make-Whole Fundamental Change, the amount, if any, by which the Conversion Rate per $1,000 principal amount of Notes shall increase as set forth in the following table for each Stock Price and effective date of such Make-Whole Fundamental
Change (the “Effective Date”): 
 Make-Whole Conversion Rate Adjustment 
 (per $1,000 principal amount of Notes) 
  

																											
	 Stock Price

	 Effective Date
	  	$42.95	  	$50.00	  	$60.00	  	$70.00	  	$80.00	  	$90.00	  	$100.00	  	$110.00	  	$120.00	  	$130.00	  	$140.00	  	$150.00	  	$160.00
	 April 7, 2008
	  	4.4303	  	3.4041	  	2.0603	  	1.3911	  	1.0309	  	0.8178	  	0.6787	  	0.5796	  	0.5040	  	0.4433	  	0.3929	  	0.3500	  	0.3129
	 April 15, 2009
	  	4.4303	  	2.9132	  	1.5262	  	0.9213	  	0.6430	  	0.4998	  	0.4143	  	0.3556	  	0.3110	  	0.2750	  	0.2447	  	0.2187	  	0.1960
	 April 15, 2010
	  	4.4303	  	2.2073	  	0.7892	  	0.3394	  	0.2069	  	0.1607	  	0.1365	  	0.1192	  	0.1051	  	0.0933	  	0.0832	  	0.0744	  	0.0667
	 April 15, 2011
	  	4.4303	  	1.1444	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000

  

 49 

 provided, however, that: 
 (i) if the Stock Price is between two Stock Prices listed in the table above or if the Effective Date is between two Effective Dates
listed in the table above, then the Make-Whole Conversion Rate Adjustment for such Make-Whole Fundamental Change shall be determined by a straight-line interpolation between the Make-Whole Conversion Rate Adjustment set forth for such higher and
lower Stock Prices, or for such earlier and later Effective Dates based on a 365 day year, as applicable; 
 (ii) if the Stock
Price is greater than $160.00 per share (subject to adjustment in the same manner as the Stock Price as provided in clause (iii) below), or if the Stock Price is less than $42.95 per share (subject to adjustment in the same manner as the Stock
Price as provided in clause (iii) below), then the Make-Whole Conversion Rate Adjustment shall be equal to zero and this Section 15.03 shall not require the Company to increase the Conversion Rate with respect to such Make-Whole
Fundamental Change; 
 (iii) if an event occurs that requires, pursuant to this Article 15 (other than solely pursuant to this
Section 15.03), an adjustment to the Conversion Rate, then, on the date and at the time such adjustment is so required to be made, each Stock Price set forth in the column headings in the table above shall be adjusted so that such Stock Price,
at and after such time, shall be equal to the product of (1) such Stock Price as in effect immediately before such adjustment to such Stock Price and (2) a fraction whose numerator is the Conversion Rate in effect immediately before such
adjustment to the Conversion Rate and whose denominator is the Conversion Rate to be in effect, in accordance with this Article 15, immediately after such adjustment to the Conversion Rate; 
 (iv) [Reserved.]; 
 (v) each Make-Whole Conversion Rate Adjustment set forth in the table above shall be adjusted in the same manner in which, and for the same events for which, the Conversion Rate is to be adjusted pursuant to Section 15.04; and

 (vi) in no event will the total number of shares of Common Stock issuable upon conversion of the Notes exceed
23.2828 per $1,000 principal amount of Notes, subject to adjustment in the same manner as the Conversion Rate pursuant to Section 15.04. 
 (b) No later than the actual Effective Date of a Make-Whole Fundamental Change, the Company shall mail to each Noteholder, the Trustee and the Conversion Agent written notice of, and shall issue a press release
indicating, and publicly announce, through a public medium that is customary for such announcements, and publish on the Company’s website, such Effective Date and the amount by which the Conversion Rate has been so increased. This notice shall
be in addition to the notice required by Section 15.01(b)(iii). 
 Nothing in this Section 15.03 shall prevent an adjustment to the
Conversion Rate pursuant to Section 15.04 in respect of a Make-Whole Fundamental Change. 
  

 50 

 Section 15.04 Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from time
to time by the Company as follows: 
 (a) If the Company exclusively issues shares of Common Stock as a dividend or
distribution on shares of Common Stock, or if the Company effects a share split or share combination, the Conversion Rate will be adjusted based on the following formula: 
  

											
		 	CR1	  	=	  	CRo x  	  	OS1	  	
	 	  	  	  	OSo	  	

 where 
  

					
	CRO	  	=	  	the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such dividend or distribution, or the effective date of such share split or share combination, as the case may be;

			
	CR1	  	=	  	the Conversion Rate in effect immediately after the opening of business on the Ex-Dividend Date for such dividend or distribution, or the open of business on the effective date of such share
split or share combination, as the case may be;
			
	OSO	  	=	  	the number of shares of Common Stock outstanding immediately prior to such Ex-Dividend Date or effective date; and
			
	OS1	  	=	  	the number of shares of Common Stock outstanding immediately after the opening of business on such Ex-Dividend Date or effective date after giving effect to such dividend, distribution, share
split or combination.

 Any adjustment made pursuant to this Section 15.04(a) shall become effective immediately after the opening of
business on the Ex-Dividend Date for such dividend or distribution, or the effective date for such share split or share combination. If any dividend or distribution of the type described in this Section 15.04(a) is declared but not so paid or
made, or the outstanding shares of Common Stock are not split or combined, as the case may be, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution,
or to effect such split or combination, as the case may be, to the Conversion Rate that would then be in effect if such dividend, distribution, share split or share combination had not been declared or announced. 
 (b) If the Company issues to all or substantially all holders of its Common Stock any rights or warrants entitling them for a period of
not more than 60 calendar days to subscribe for or purchase shares of Common Stock, at a price per share less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on the Trading Day
immediately preceding the date of announcement of such issuance, the Conversion Rate shall be adjusted based on the following formula: 
  

											
		 	CR1	  	=	  	CRo x  	  	OSo+X	  	
	 	  	  	  	OSo+Y	  	

 where 
  

					
	CRo	  	=	  	the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such issuance;
			
	CR1	  	=	  	the Conversion Rate in effect immediately after the opening of business on such Ex-Dividend Date;
			
	OSo	  	=	  	the number of shares of the Common Stock outstanding immediately prior to such Ex-Dividend Date;

  

 51 

					
	X	  	=	  	the total number of shares of Common Stock issuable pursuant to such rights or warrants; and
			
	Y	  	=	  	the number of shares of Common Stock equal to the aggregate price payable to exercise such rights or warrants divided by the average of the Last Reported Sale Prices of the Common Stock over the
10 consecutive Trading Day period ending on the Trading Day immediately preceding the date of announcement of the issuance of such rights or warrants.

 The foregoing adjustment shall be successively made whenever any such rights or warrants are
distributed and shall become effective immediately after the opening of business on the Ex-Dividend Date for such distribution. The Company shall not issue any such rights or warrants in respect of shares of the Common Stock held in treasury by the
Company. If such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such Ex-Dividend Date for such distribution had not been fixed. In addition, to the extent
that shares of Common Stock are not delivered after the expiration of such rights or warrants, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights or
warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. 
 In determining whether any
rights or warrants entitle the holders 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, and in determining the aggregate offering price of such shares of the
Common Stock, there shall be taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by
the Board of Directors. In no event shall the Conversion Rate be decreased pursuant to this Section 15.04(b) (subject to the right of the Company to readjust the Conversion Rate as described in the immediately preceding paragraph). 

(c) In case the Company shall distribute shares of its Capital Stock, evidences of its indebtedness, other of its assets or property or
rights or warrants to acquire Capital Stock or other securities of the Company, to all or substantially all holders of its Common Stock, excluding (i) dividends or distributions covered by Section 15.04(a) and Section 15.04(b),
(ii) dividends or distributions paid exclusively in cash, and (iii) Spin-Offs to which the provisions set forth below in this Section 15.04(c) shall apply (any of such shares of Capital Stock, indebtedness, other asset or property or
rights or warrants to acquire Capital Stock or other securities of the Company hereinafter in this Section 15.04(c) called the “Distributed Property”), then the Conversion Rate shall be adjusted based on the following formula:

  

											
		 	CR1	  	=	  	CRo x  	  	SPo	  	
	 	  	  	  	SPo-FMV	  	

 where 
  

					
	CRo	  	=	  	the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such distribution;
			
	CR1	  	=	  	the Conversion Rate in effect immediately after the opening of business on such Ex-Dividend Date;
			
	SPo	  	=	  	the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the Ex-Dividend Date for such
distribution; and

  

 52 

					
	FMV	  	=	  	the fair market value (as determined by the Board of Directors) of the shares of Capital Stock, evidences of indebtedness, assets, property, rights or warrants distributed with respect to each
outstanding share of the Common Stock on the Ex-Dividend Date for such distribution;

 provided that if “FMV” as set forth above
is equal to or greater than “SP0” as set forth above, in lieu of the foregoing adjustment, adequate provision shall be made so that each
Noteholder shall receive on the date on which the Distributed Property is distributed to holders of Common Stock, for each $1,000 principal amount of Notes, the amount of Distributed Property such holder would have received had such holder owned a
number of shares of Common Stock equal to the Conversion Rate on the Record Date for such distribution, provided, further, that if the Board of Directors determines “FMV” for purposes of this Section 15.04(c) by reference to
the actual or when issued trading market for any securities, it must in doing so consider the prices in such market over the same period used in computing the Last Reported Sale Prices of the Common Stock over the ten consecutive Trading Day period
ending on the Trading Day immediately preceding the Ex-Dividend Date for such distribution. 
 An adjustment pursuant to the immediately
preceding paragraph shall become effective immediately prior to the opening of business on the Ex-Dividend Date for such distribution. 
 With respect to an adjustment pursuant to this Section 15.04(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 a Subsidiary or other business unit of the Company (a “Spin-Off”), the Conversion Rate will be increased based on the following formula: 
  

											
		 	CR1	  	=	  	CRo x  	  	FMVo + MPo	  	
	 	  	  	  	MPo	  	

 where 
  

					
	CRo	  	=	  	the Conversion Rate in effect immediately prior to the end of the Valuation Period;
			
	CR1	  	=	  	the Conversion Rate in effect immediately after the end of the Valuation Period;
			
	FMVo	  	=	  	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 over the first
10 consecutive Trading Day period after, and including, the effective date of the Spin-Off (the “Valuation Period”); and
			
	MPo	  	=	  	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 will occur on the last day of
the Valuation Period; provided that in respect of any conversion during the Valuation Period, references with respect to 10 Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed between the effective
date of such Spin-Off and the Conversion Date in determining the applicable Conversion Rate. 
 Subject in all respect to Section 15.10,
rights, options or warrants distributed by the Company to all holders of its Common Stock entitling the holders thereof to subscribe for or purchase shares of the Company’s Capital Stock, including Common Stock (either initially or under
certain circumstances), 

  

 53 

 
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 15.04
(and no adjustment to the Conversion Rate under this Section 15.04 will be required) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment
(if any is required) to the Conversion Rate shall be made under this Section 15.04(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 (and a termination or expiration of the existing rights, options or warrants 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 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 15.04 was made, (1) in the case of any such rights, options or warrants that shall all have been redeemed or repurchased without exercise by any holders
thereof, the Conversion Rate shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or
Repurchase Price received by a holder or holders of Common Stock with respect to such rights, options or warrants (assuming such holder had retained such rights or warrants), made to all holders of Common Stock as of the date of such redemption or
repurchase, and (2) in the case of such rights, 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. 
 For purposes of this Section 15.04(c), Section 15.04(a), and Section 15.04(b), any dividend or distribution to
which this Section 15.04(c) is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock to which Section 15.04(a) or 15.04(b) (or both) applies, shall be
deemed instead to be (1) a dividend or distribution of the evidences of indebtedness, assets or shares of capital stock other than such shares of Common Stock or rights, options or warrants to which Section 15.04(c) applies (and any
Conversion Rate adjustment required by this Section 15.04(c) with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights, options or
warrants (and any further Conversion Rate adjustment required by Section 15.04(a) and Section 15.04(b) with respect to such dividend or distribution shall then be made), except (A) the Ex-Dividend Date of such dividend or distribution
shall be substituted as “the Ex-Dividend Date” within the meaning of Section 15.04(a) or Section 15.04(b) (or both), as the case may be, and (B) any shares of Common Stock included in such dividend or distribution shall not
be deemed “outstanding immediately prior to such Ex-Dividend Date or the effective date” within the meaning of Section 15.04(a) or “outstanding immediately prior to such Ex-Dividend Date” within the meaning of
Section 15.04(b). 
 If any dividend or distribution described in this 15.04(c) is not so paid or made, the Conversion Rate shall again
be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. In no event will the Conversion Rate be decreased pursuant to the adjustments described in this 15.04(c) (subject to the
Company’s right to readjust the Conversion Rate as described in the immediately preceding sentence). 
  

 54 

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

											
		 	CR1	  	=	  	CRo x  	  	SPo	  	
	 	  	  	  	SPo-C	  	

 where 
  

					
	CRo	  	=	  	the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such dividend or distribution;
			
	CR1	  	=	  	the Conversion Rate in effect immediately after the open of business on the Ex-Dividend Date for such dividend or distribution;
			
	SPo	  	=	  	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 holders of its Common Stock;

 provided that if “C” as set forth above is
equal to or greater than “SP0” as set forth above, in lieu of the foregoing adjustment, adequate provision shall be made so that each
Noteholder shall have the right to receive on the date on which the relevant cash dividend or distribution is distributed to holders of Common Stock, for each $1,000 principal amount of Notes, the amount of cash such holder would have received had
such holder owned a number of shares equal to the Conversion Rate on the Record Date for such distribution. 
 The adjustment to the
Conversion Rate under the preceding paragraph will become effective immediately after the opening of business on the Ex-Dividend Date for such dividend or distribution. If such dividend or distribution is not so paid or made, the Conversion Rate
shall again be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 For
the avoidance of doubt, for purposes of this Section 15.04(d), in the event of any reclassification of the Common Stock, as a result of which the Notes become convertible into more than one class of Common Stock, if an adjustment to the
Conversion Rate is required pursuant to this Section 15.04(d), references in this Section to one share of Common Stock or Last Reported Sale Price of one share of Common Stock shall be deemed to refer to a unit or to the price of a unit
consisting of the number of shares of each class of Common Stock into which the Notes are then convertible equal to the numbers of shares of such class issued in respect of one share of Common Stock in such reclassification. The above provisions of
this paragraph shall similarly apply to successive reclassifications. 
  

 55 

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

											
		 	CR1	  	=	  	CRo x  	  	AC + (SP1 x OS1)	  	
	 	  	  	  	OSo - SP1
	  	

 where 
  

					
	CRo	  	=	  	the Conversion Rate in effect immediately prior to the effective date of the adjustment;
			
	CR1	  	=	  	the Conversion Rate in effect immediately after the effective date of the adjustment;
			
	AC	  	=	  	the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares of Common Stock purchased in such tender or exchange
offer;
			
	OSo	  	=	  	the number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer expires;
			
	OS1	  	=	  	the number of shares of Common Stock outstanding immediately after the date such tender or exchange offer expires; and
			
	SP’	  	=	  	the average of the Last Reported Sale Prices of Common Stock over the ten consecutive Trading Day period commencing on the Trading Day next succeeding the date such tender or exchange offer
expires.

 The adjustment to the Conversion Rate under the preceding paragraph will occur at the close of
business on the tenth Trading Day from, and including, the Trading Day next succeeding the date such tender or exchange offer expires; provided that in respect of any conversion within 10 Trading Days immediately following, and including, the
expiration date of any tender or exchange offer, references with respect to 10 Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed between the expiration date of such tender or exchange offer and the
Conversion Date in determining the applicable Conversion Rate. If the Company is obligated to purchase shares pursuant to any such tender or exchange offer, but the Company is permanently prevented by applicable law from effecting any or all or any
portion of such purchases or all such purchases are rescinded, the Conversion Rate shall again be adjusted 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 had been effected. In no event shall the Conversion Rate be decreased pursuant to this Section 15.04(e). 
 (f) The term “Record Date” shall mean, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock (or other security) have the right to receive any cash, securities or
other property or in which the Common Stock (or other applicable security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of stockholders entitled to receive such cash,
securities or other property (whether such date is fixed by the Board of Directors or by statute, contract or otherwise). 
 (g) Except as stated herein, the Company shall not adjust the Conversion Rate for the issuance of shares of its Common Stock or any securities convertible into or exchangeable for shares of its Common Stock or the right to purchase shares
of its Common Stock or such convertible or exchangeable securities. 
 (h) Notwithstanding this Section 15.03 or any
other provision of this Indenture or the Notes, if any Conversion Rate adjustment becomes effective, or any Ex-Dividend Date for any issuance, dividend or distribution (relating to a required Conversion Rate adjustment) occurs, during the period
beginning on, and including, the open of business on a Conversion Date and ending on, and including, the close of business on the last Trading Day of a related Observation Period, the Board of Directors shall make adjustments to the Conversion Rate
and the amount of cash and number of shares of Common Stock, if any, issuable upon conversion of the Notes, as is be necessary or appropriate to effect the intent of this Section 15.03 and the other provisions of Article 15 and to avoid unjust
or inequitable results, as determined in good faith by the Board of Directors. Any adjustment made pursuant to this Section 15.03(h) shall apply in lieu of the adjustment or other term that would otherwise be applicable. 
  

 56 

 (i) In addition to those required by clauses (a), (b), (c), (d) and (e) of this
Section 15.04, and to the extent permitted by applicable law and subject to the applicable rules of the Nasdaq Global Select Market, 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, the Company may also (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 any dividend or distribution of shares (or rights to acquire shares) or similar event. Whenever the Conversion Rate is increased pursuant to the preceding sentence, the
Company shall mail to the holder of each Note at its last address appearing on the Note Register provided for in Section 2.06 a notice of the increase at least 15 days prior to the date the increased Conversion Rate takes effect, and such
notice shall state the increased Conversion Rate and the period during which it will be in effect. 
 (j) Notwithstanding
anything else in this Indenture, the applicable Conversion Rate will not be adjusted for, among other things: 
 (i) upon the
issuance of any shares of the 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 the
Common Stock under any plan; 
 (ii) upon the issuance of any shares of the Common Stock or options or rights to purchase or
acquire those shares pursuant to any present or future employee, director or consultant benefit plan or program of or assumed by the Company or any of the Company’s Subsidiaries; 
 (iii) 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 (ii) of this subsection and outstanding as of the date the Notes were first issued; 
 (iv) for a change in the par value of the Common Stock; 
 (v) for accrued and unpaid
interest, including Additional Interest, if any; or 
 (vi) for any transactions described in this Section 15.04 if
Noteholders participate (as a result of holding the Notes, and at the same time as holders of Common Stock participate) in such transactions as if such Noteholders held a number shares of Common Stock equal to the Conversion Rate at the time such
adjustment would be required, multiplied by a number equal to the principal amount of Notes held by such holder divided by $1,000, without having to convert their Notes. 
 (k) All calculations and other determinations under this Article 15 shall be made by the Company and shall be made to the nearest one-ten
thousandth (1/10,000) of a share. No adjustment in the Conversion Rate shall be required unless such adjustment would require an increase or decrease of at least 1% in such Conversion Rate; provided, however, that any adjustments which
by reason of this Section 15.04(k) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. Notwithstanding the foregoing, upon any conversion of Notes by a Noteholder (solely with respect to the
Notes to be converted), the Company shall give effect to all adjustments that it has otherwise deferred pursuant to the immediately preceding sentence, and those adjustments will no longer be carried forward and taken into account in any future
adjustment. 
  

 57 

 (l) Whenever the Conversion Rate is adjusted as herein provided, the Company shall
promptly file with the Trustee and any Conversion Agent other than the Trustee an Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment. Unless
and until a Responsible Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate and may assume without inquiry that the last Conversion
Rate of which it has knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted Conversion Rate and the date on which each
adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the holder of each Note at its last address appearing on the Note Register provided for in Section 2.06 of this Indenture, within ten days of
the effective date of such adjustment. Failure to deliver such notice shall not affect the legality or validity of any such adjustment. 
 (m) For purposes of this Section 15.04, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of
scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company. 
 Section 15.05 Shares to Be Fully Paid. The Company shall 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. 
 Section 15.06 Effect of Reclassification, Consolidation, Merger or Sale. In case of (i) any recapitalization, reclassification or change of the outstanding shares of Common Stock (other than changes
resulting from a subdivision or combination covered by Section 15.04(a)), (ii) a consolidation, merger or combination involving the Company, (iii) a sale, lease or other transfer to a third party of the consolidated assets of the
Company and its 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: 
 (a) the Company or
the successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture if such supplemental
indenture is then required to so comply) permitted under Section 11.01 providing for the conversion and settlement of the Notes as set forth in this Indenture. Such supplemental indenture shall provide for adjustments that shall be as nearly
equivalent as may be practicable to the adjustments provided for in this Article 15. If, in the case of any Merger Event, the Reference Property (as defined below) includes shares of stock or other securities and assets of a corporation other than
the successor or purchasing corporation, as the case may be, in such reclassification, change, consolidation, merger, combination, sale or conveyance, then such supplemental indenture shall also be executed by such other corporation and shall
contain such additional provisions to protect the interests of the holders of the Notes as the Board of Directors shall reasonably consider necessary by reason of the foregoing, including to the extent required by the Board of Directors and
practicable the provisions providing for the repurchase rights set forth in Article 16 herein. 
 In the event the Company shall execute a
supplemental indenture pursuant to this Section 15.06, the Company shall promptly file with the Trustee an Officers’ Certificate briefly stating the reasons therefore, the kind or amount of cash, securities or property or asset that will
comprise the Reference 

  

 58 

 
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 mail notice thereof to all Noteholders. The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Noteholder, at its address appearing on the Note Register provided for in this Indenture, within
twenty days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 
 (b) Notwithstanding the provisions of Section 15.02(b), and subject to the provisions of Section 15.01 and Section 15.03, at and after the effective time of such Merger Event, (i) the right to
convert each $1,000 principal amount of Notes into cash and shares of Common Stock, if any, as set forth in Section 15.02 will be changed to a right to convert such Note into cash and, in lieu of each share of Common Stock, if any, 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 prior to such transaction would have owned or been
entitled to receive (the “Reference Property”) and (ii) the related amounts owing upon conversion shall be settled as set forth under clause (c) below. The Company shall not become a party to any Merger Event unless its
terms are consistent with this Section 15.06. None of the foregoing provisions shall affect the right of a holder of Notes to convert its Notes into cash and shares of Common Stock (or cash in lieu of such shares of Common Stock in accordance
with the provisions of Section 15.02(c)) as set forth in Section 15.01 and Section 15.02 prior to the effective date of such Merger Event. For purposes of the foregoing, if the Merger Event causes the Common Stock to be converted into
the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), the Reference Property into which the notes will be convertible will be deemed to be the weighted average of the types
and amounts of consideration received by the holders of Common Stock that affirmatively make such an election (the “Weighted Average Consideration”). In such case, the Company shall notify the holders of the composition of the
Weighted Average Consideration as soon as practicable after the composition of the Weighted Average Consideration is determined. 
 (c) With respect to each $1,000 principal amount of Notes surrendered for conversion after the effective date of any such Merger Event, the Company’s obligation to deliver amounts owing upon conversion shall be settled in cash and
units of Reference Property, if any, in accordance with Section 15.02(b) as follows: 
 (i) the Company shall deliver in
respect of each $1,000 principal amount of Notes being converted, an amount equal to the sum of the Daily Settlement Amounts for each of the thirty consecutive Trading Days during the Observation Period for such Note, such Daily Settlement Amounts
determined as if the reference to “the Daily VWAP of the Common Stock” in the definition of Daily Conversion Value and Daily Share Amount were instead a reference to “the Daily VWAP of a unit of Reference Property comprised of the
kind and amount of shares of stock, securities or other property or assets (including cash or any combination thereof) that a holder of one share of Common Stock immediately prior to such Merger Event would have owned or been entitled to
receive.” 
 (ii) The Company will deliver the cash in lieu of fractional units of Reference Property as set forth
pursuant to Section 15.02(l) (provided that the amount of such cash shall be determined as if references in such Section to “Daily VWAP” were instead a reference to “the Daily VWAP of a unit of Reference Property comprised
of the kind and amount of shares of stock, securities or other property or assets (including cash or any combination thereof) that a holder of one share of Common Stock immediately prior to such Merger Event would have owned or been entitled to
receive based on the Weighted Average Consideration”). 
  

 59 

 (iii) The Daily Settlement Amounts (if applicable) and Daily Conversion Values (if
applicable) shall be determined by the Company promptly following the last day of the Observation Period. 
 (d) The above
provisions of this Section shall similarly apply to successive Merger Events. 
 Section 15.07 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 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. 
 Section 15.08 Responsibility of Trustee. The Trustee and any other Conversion Agent shall not at
any time be under any duty or responsibility to any Noteholder 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 15.06 relating either to the kind
or amount of shares of stock or securities or property (including cash) receivable by Noteholders upon the conversion of their Notes after any event referred to in such Section 15.06 or to any adjustment to be made with respect thereto, but,
subject to the provisions of Section 8.01, may accept (without any independent investigation) as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, the Officers’ 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 15.01(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 15.01(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 15.01(b). 
  

 60 

 Section 15.09 Notice to Holders Prior to Certain Actions. In case: 
 (a) the Company shall declare a dividend (or any other distribution) on its Common Stock that would require an adjustment in the
Conversion Rate pursuant to Section 15.04; or 
 (b) the Company shall authorize the granting to all of the holders of
its Common Stock of rights, options or warrants to subscribe for or purchase any share of any class or any other rights, options or warrants; or 
 (c) of any reclassification of the Common Stock of the Company (other than a subdivision or combination of its outstanding Common Stock, or a change in par value, or from par value to no par value, or from no par
value to par value), or of any consolidation or merger to which the Company is a party and for which approval of any stockholders of the Company is required, or of the sale or transfer of all or substantially all of the assets of the Company; or

 (d) of the voluntary or involuntary dissolution, liquidation or winding-up of the Company; 
 the Company shall cause to be filed with the Trustee and to be mailed to each Noteholder at its address appearing on the Note Register, provided for in Section 2.06
of this Indenture, as promptly as possible but in any event at least 20 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 dividend, distribution or
rights, options or warrants, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such dividend, distribution or rights are to be determined, or (ii) the date on which such
reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up is expected to become effective or occur, and the date as of which it is expected that holders of Common Stock of record shall be entitled to exchange
their Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up. Failure to give such notice, or any defect therein, shall not affect the
legality or validity of such dividend, distribution, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up. 
 Section 15.10 Stockholder Rights Plans. To the extent that the Company has a stockholder rights plan or other “poison pill” 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 or poison pill, as the same may be amended from time to time. If prior to the time of conversion, however, the rights have separated from the shares of Common Stock in accordance with the provisions
of the applicable stockholder rights agreement so that the holders of the Notes would not be entitled to receive any rights in respect of Common Stock, if any, issuable upon conversion of the Notes, the Conversion Rate will be adjusted at the time
of separation as if the Company has distributed to all holders of Common Stock, shares of Capital Stock of the Company, evidence of indebtedness, assets, property, rights or warrants as provided in Section 15.04(c), subject to readjustment in
the event of the expiration, termination or redemption of such rights. 
 Section 15.11 Limit on Issuance of Shares of Common Stock
upon Conversion. Notwithstanding anything contained elsewhere in this Indenture, certain listing standards of The Nasdaq Stock Market may limit the amount by which the Company may increase the Conversion Rate pursuant to the provisions set forth
in Sections 15.04(b) through (e) and as set forth in Section 15.03. These standards generally require the Company to obtain the approval of its stockholders before entering into certain transactions that potentially result in the issuance
of 20% or more of the Common Stock outstanding at 

  

 61 

 
the time the Notes are issued unless the Company obtains stockholder approval of issuances in excess of such limitations. In accordance with these listing
standards, these restrictions shall apply at any time when the Notes are outstanding, regardless of whether the Company shall then have a class of securities listed on The Nasdaq Stock Market. Accordingly, in the event of an increase in the
Conversion Rate above that which would result in the Notes, in the aggregate, becoming convertible into shares of Common Stock in excess of such limitations, the Company shall, at its option, either obtain stockholder approval of such issuances or
deliver cash in lieu of any shares otherwise deliverable upon conversions in excess of such limitations in accordance with the provisions set forth in Section 15.02(c). 
 ARTICLE 16 
 REPURCHASE OF NOTES AT OPTION OF HOLDERS 
 Section 16.01 [Reserved.] 
 Section 16.02 Repurchase at Option of Holders upon a Fundamental Change. (a) If there shall occur a Fundamental Change at any time prior to the Maturity Date, then each Noteholder shall have the right, at such holder’s
option, to require the Company to repurchase for cash all of such holder’s Notes, or any portion thereof that is an integral multiple of $1,000 principal amount, on the date (the “Fundamental Change Repurchase Date”) specified
by the Company that is not less than 20 and not more than 35 calendar days after the date of the Fundamental Change Company Notice (as defined below) at a repurchase price equal to 100% of the principal amount thereof, together with accrued and
unpaid interest, including unpaid Additional Interest, if any, thereon to, but excluding, the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”), unless the Fundamental Change Repurchase Date is after an
Interest Record Date and on or prior to the related Interest Payment Date, in which case interest accrued but unpaid to the Interest Payment Date will be paid to Noteholders as of the preceding Interest Record Date and the Fundamental Change
Repurchase Price payable to the holder surrendering the Note for repurchase pursuant to this Article 16 shall be equal to the principal amount of Notes subject to repurchase. Repurchases of Notes under this Section 16.02 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 on the reverse of the Note on or prior to the Business Day immediately preceding the Fundamental Change Repurchase Date; and 
 (ii) delivery or book-entry transfer of the Notes to the Paying Agent at any time after delivery of the Fundamental Change Repurchase
Notice (together with all necessary endorsements) at the Corporate Trust Office of the Paying Agent, such delivery being a condition to receipt by the holder of the Fundamental Change Repurchase Price therefor; provided that such Fundamental
Change Repurchase Price shall be so paid pursuant to this Section 16.02 only if the Note so delivered to the Paying Agent shall conform in all respects to the description thereof in the related Fundamental Change Repurchase Notice. 

The Fundamental Change Repurchase Notice shall state: 
 (A) if certificated, the certificate numbers of Notes to be delivered for repurchase; 
 (B)
the portion of the principal amount of Notes to be repurchased, which must be $1,000 or an integral multiple thereof; and 
  

 62 

 (C) that the Notes are to be repurchased by the Company pursuant to the applicable
provisions of the Notes and the Indenture; 
 provided, however, that if the Notes are not in certificated form, the Fundamental Change Repurchase
Notice must comply with appropriate Depositary procedures. 
 Any repurchase by the Company contemplated pursuant to the provisions of this
Section 16.02 shall be consummated by the payment of the Fundamental Change Repurchase Price on the later of the Fundamental Change Repurchase Date and the time of the book-entry transfer or delivery of the Note as described in
Section 16.04(a). 
 Notwithstanding anything herein to the contrary, any holder delivering to the Paying Agent the Fundamental Change
Repurchase Notice contemplated by this Section 16.02 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 16.03 below. 
 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. 
 (b) On or before the twentieth day after the occurrence of the effective date of a Fundamental Change, the Company shall mail or cause to
be mailed to all holders of record of the Notes a 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. Such mailing shall be by first class mail. The Company shall also deliver a copy of the Fundamental Change Company Notice to the Trustee, the Paying Agent and the Conversion Agent on or before the twentieth day after the occurrence
of the effective date of the Fundamental Change. Simultaneously with the providing of such notice, the Company will also publish a notice containing the information set forth in the Fundamental Change Company Notice on the Company’s website or
through such other public medium as the Company may use at that time. 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 16; 
 (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; 
 (vii) if applicable, the applicable Conversion Rate and any adjustments to the applicable Conversion Rate; 
 (viii)
if applicable, that the Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a holder may be converted only if the holder withdraws the Fundamental Change Repurchase Notice in accordance with the terms of the
Indenture; 
  

 63 

 (ix) that the holder must exercise the repurchase right on or prior to the close of
business on the Business Day immediately preceding the Fundamental Change Repurchase Date (the “Fundamental Change Expiration Time”); 
 (x) that the holder shall have the right to withdraw any Notes surrendered prior to the Fundamental Change Expiration Time; and 
 (xi) the procedures that holders must follow to require the Company to repurchase their Notes. 
 No failure of the Company to give the foregoing notices and no defect therein shall limit the Noteholders’ repurchase rights or affect the validity
of the proceedings for the repurchase of the Notes pursuant to this Section 16.02. 
 (c) Notwithstanding the foregoing,
no Notes may be repurchased by the Company at the option of the holders upon a Fundamental Change if there has occurred and is continuing an Event of Default (except in the case of an Event of Default that is cured by the payment of the Fundamental
Change Repurchase Price with respect to such Notes). 
 (d) In connection with any purchase offer, the Company will:

 (i) comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act, if
required under the Exchange Act, 
 (ii) file a Schedule TO or any successor or similar schedule, if required under the
Exchange Act, and 
 (iii) otherwise comply with all federal and state securities laws in connection with any offer by the
Company to purchase the Notes. 
 Section 16.03 Withdrawal of Fundamental Change Repurchase Notice. (a) A Fundamental Change
Repurchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the Corporate Trust Office of the Paying Agent in accordance with this Section 16.03 at any time prior to the close of business on the Business Day
immediately preceding the Fundamental Change Repurchase Date, specifying: 
 (i) if certificated, the certificate number, if
any, of the Note in respect of which such notice of withdrawal is being submitted, 
 (ii) the principal amount of the Note
with respect to 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; 
 provided, however, that if the Notes are not in certificated form, the notice must comply with appropriate procedures of the Depositary. 
  

 64 

 Section 16.04 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 5.04) 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 withdrawn prior to the Fundamental Change Expiration Time) will be made on the later of (i) the Fundamental Change Repurchase Date with respect to such Note
(provided the holder has satisfied the conditions in Section 16.02) 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 16.02 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 make payment on all the Notes or portions thereof that are to be repurchased as a result of the corresponding Fundamental Change, then (i) such Notes will cease to be outstanding,
(ii) interest, including Additional Interest, if any, will cease to accrue on such Notes, and (iii) all other rights of the holders of such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price and
previously accrued but unpaid interest, including Additional Interest, if any, upon delivery of the Notes), whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Trustee or Paying Agent. 
 (c) Upon surrender of a Note that is to be repurchased in part pursuant to 16.02, the Company shall execute and the Trustee shall upon
receipt of a Company Order 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. 
 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 Noteholders on the Company shall be deemed to have
been sufficiently given or made, for all purposes if given or served by being deposited postage prepaid by registered or certified mail in a post office letter box addressed (until another address is filed by the Company with the Trustee) to SVB
Financial Group, 3003 Tasman Drive, Santa Clara, California 95054-1191, Attention: Treasurer. 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. 
  

 65 

 The Trustee, by notice to the Company, may designate additional or different addresses for subsequent
notices or communications. 
 Any notice or communication mailed to a Noteholder shall be mailed to 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. 
 Failure
to mail a notice or communication to a Noteholder or any defect in it shall not affect its sufficiency with respect to other Noteholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the
addressee receives it. 
 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. 
 Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event to a holder of a
Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), pursuant to the customary procedures of such Depositary. 
 Section 17.04 Governing Law. THIS INDENTURE AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF NEW YORK, AND FOR ALL
PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORK. 
 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, other than in connection with the actions referred to in
Section 2.05, the Company shall, if requested by the Trustee, furnish to the Trustee an Officers’ Certificate and/or Opinion of Counsel stating that such action is permitted by the terms of this Indenture. 
 Each certificate or opinion 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 Officers’ Certificates provided for in Section 5.08) shall include (a) a statement that the Person making 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. 
 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, or entitled to request, such Opinion of Counsel. 
 Section 17.06 Legal Holidays. In any case where any Interest Payment Date, Fundamental Change Repurchase Date, Conversion 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 for the
period from and after such date. 
  

 66 

 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 Trust Indenture Act. This Indenture is hereby made subject to, and shall be governed by, the provisions of the Trust Indenture
Act required to be part of and to govern indentures qualified under the Trust Indenture Act upon such qualification regardless of whether this Indenture shall ever be so qualified; provided that this Section 17.08 shall not constitute
any admission or acknowledgment by any party hereto that any such qualification is required prior to the time such qualification is in fact required under the terms of the Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof that is required to be included in an indenture qualified under the Trust Indenture Act, such required provision shall control. 
 Section 17.09 Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, shall give to any Person, other than the parties hereto, any Paying Agent, any Conversion Agent, any
authenticating agent, any Note Registrar and their successors hereunder or the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 17.10 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 17.11 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 2.05, Section 2.06, Section 2.07, Section 2.08,
Section 11.04 and Section 16.04 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 8.09. 
 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, 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 mail notice of such appointment to all Noteholders as the names and addresses of such holders appear on the Note Register. 
  

 67 

 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 8.02, Section 8.03, Section 8.04, Section 9.03 and this Section 17.11 shall be applicable to any authenticating agent. 
 If an authenticating agent is appointed pursuant to this Section, 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 Officer

 Section 17.12 Execution in Counterparts. his 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. 
 Section 17.13 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 17.14 Waiver of Jury Trial. EACH OF THE COMPANY AND THE
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

 Section 17.15 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, 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. 
  

 68 

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

			
	SVB FINANCIAL GROUP
		
	By:	 	/s/ Michael Descheneaux
	Name:	 	Michael Descheneaux
	Title:	 	Chief Financial Officer

  

			
	WELLS FARGO BANK, N.A., as Trustee
		
	By:	 	/s/ Timothy P. Mowdy
	Name:	 	Timothy P. Mowdy
	Title:	 	Vice President

 EXHIBIT A 
 [FORM OF 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 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. 
 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 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 ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY
APPLICABLE LAW, EXCEPT: 

  

	 	(A)	TO SVB FINANCIAL GROUP (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 (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 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 

 SVB FINANCIAL GROUP 
 3.875% Convertible Senior Note due 2011 
  

			
	No. R-1	 	$200,000,000
	CUSIP No. 78486Q AA9	 	

 SVB Financial Group, a corporation duly organized and validly existing under the laws of the State
of Delaware (herein called 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., or
registered assigns, the principal sum of TWO HUNDRED MILLION DOLLARS (which amount may from time to time be increased or decreased to such other principal amounts (which, taken together with the principal amounts of all other outstanding Notes,
shall not, unless permitted by the Indenture, exceed $200,000,000 in aggregate at any time (or $250,000,000 if the Initial Purchaser exercises its option to purchase additional Notes in full as set forth in the Purchase Agreement)) by adjustments
made on the records of the Trustee or the Custodian of the Depositary as set forth in Schedule A hereto, in accordance with the rules and procedures of the Depositary) on April 15, 2011, and interest thereon as set forth below in the manner, at
the rates and to the Persons set forth in the Indenture. 
 This Note shall bear interest at the rate of 3.875% per year (subject to
increase pursuant to Sections 2.04 and 7.01 of the Indenture) from April 7, 2008, or from the most recent date to which interest had been paid or provided for to, but excluding, the next scheduled Interest Payment Date until April 15,
2011. Interest is payable semi-annually in arrears on each April 15 and October 15, commencing October 15, 2008, to holders of record at the close of business on the preceding April 1 and October 1 (whether or not such day
is a Business Day), respectively. If any Interest Payment Date, the Maturity Date or the Fundamental Change Repurchase Date shall fall on a day that is not a Business Day, the related payment of interest and/or principal shall be made on the next
succeeding Business Day with no interest or other payment in respect of such delay. 
 Payment of the principal and accrued and unpaid
interest and Additional Interest, if any, on this Note shall be made at the office or agency of the Company maintained for that purpose in Minneapolis, Minnesota, in such lawful money of the United States of America as at the time of payment shall
be legal tender for the payment of public and private debts; provided, however, interest, including Additional Interest, if any, may be paid by check mailed to such holder’s address as it appears in the Note Register; provided
further, however, that, (1) with respect to any Noteholder holding Notes in an aggregate principal amount in excess of $5,000,000, at the application of such holder in writing to the Trustee and Paying Agent (if different from the
Trustee) not later than the relevant Interest Record Date, accrued and unpaid interest and Additional Interest, if any, on such holder’s Notes shall be paid by wire transfer in immediately available funds to such holder’s account in the
United States, which application shall remain in effect until the Noteholder notifies, in writing, the Trustee and Paying Agent to the contrary, and (2) that any payment to the Depositary or its nominee shall be paid by wire transfer in
immediately available funds in accordance with the wire transfer instruction supplied by the Depositary or its nominee from time to time to the Trustee and Paying Agent (if different from Trustee). 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 and shares of Common Stock (or, at the Company’s election, cash in lieu of such shares of
Common Stock), if any, 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 shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with and
governed by the laws of said State. 
  

 A-2 

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

 A-3 

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

			
	SVB FINANCIAL GROUP
		
	By:	 	 
	Name:	 	
	Title:	 	

 Dated: April 7, 2008 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 WELLS FARGO BANK, N.A., as Trustee, 
 certifies that this is one of the Notes 
 described in the within-named
Indenture. 
  

			
		
	By:	 	 
		 	Authorized Officer

  

 A-4 

 SVB FINANCIAL GROUP 
 3.875% Convertible Senior Note due 2011 
 This Note is one of a duly authorized issue of Notes of the
Company, designated as its 3.875% Convertible Senior Notes due 2011 (herein called the “Notes”), initially limited to the aggregate principal amount of $200,000,000 (or $250,000,000 if the Initial Purchasers exercise their option to
purchase additional Notes in full as set forth in the Purchase Agreement) all issued or to be issued under and pursuant to an Indenture dated as of April 7, 2008 (herein called the “Indenture”), between the Company and Wells
Fargo Bank, N.A., (herein called the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company and the holders of the Notes. Additional Notes may be issued in an unlimited aggregate principal amount, subject to certain conditions specified in the Indenture. 
 In case an Event of Default, other than an Event of Default with respect to the Company specified in Section 7.01(h) or 7.01(i) of the Indenture, shall
have occurred and be continuing, the principal of and interest, including Additional Interest, if any, on all Notes may be declared, by either the Trustee or Noteholders of not less than 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. Notwithstanding the previous sentence, in case an Event of Default with respect
to the Company specified in Section 7.01(h) or 7.01(i) of the Indenture shall have occurred and be continuing, the principal and interest, including Additional Interest, if any, on all Notes shall become immediately due and payable without any
declaration by the Noteholders or the Trustee. 
 Subject to the terms and conditions of the Indenture, the Company will make all payments
and deliveries in respect of the Fundamental Change Repurchase Price and the principal amount on the Maturity Date, as the case may be, to the holder who surrenders a Note to a Paying Agent to collect such payments in respect of the Note. The
Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts. 
 The Indenture contains provisions permitting the Company and the Trustee in certain circumstances, without the consent of the holders of the Notes, and in other circumstances, with the consent of the holders of not less than a majority in
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 the principal of and accrued and unpaid interest, and Additional Interest, if any, on this Note at the place, at the respective times, at the rate and in the lawful money herein prescribed.

 The Notes are issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. At
the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, 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 tax, assessments or other governmental charges that may be imposed in connection therewith as a result of the name of the
Noteholder of the new Notes issued upon such exchange of Notes being different from the name of the Noteholder of the old Notes surrendered for such exchange. 
  

 A-5 

 The Notes are not subject to redemption through the operation of any sinking fund or otherwise.

 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 third 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 and
shares of Common Stock (or cash in lieu of any such shares of Common Stock), if any, at a Conversion Rate specified in the Indenture, as adjusted from time to time as provided in the Indenture, including upon the occurrence of a Make-Whole
Fundamental Change. 
 Terms used in this Note and defined in the Indenture are used herein as therein defined. 
  

 A-6 

 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	 		  		
		  	_________________________	 	Custodian	  		
		  	(Cust)	 		  		
				
	TEN ENT - as tenants by the entireties	  	_________________________	 		  		
		  	(Minor)	 		  		
				
	JT TEN - as joint tenants with right of
survivorship and not as tenants in common	  	Uniform Gifts to Minors Act	 	____________	  	(State	)

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

 A-7 

 SCHEDULE A 
 The initial principal amount of this Global Note is $200,000,000. 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

	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________
	 ________________
	  	__________________	  	__________________	  	__________________	  	__________________

  

 A-8 

 EXHIBIT B 
 [FORM OF NOTICE OF CONVERSION] 
 To: SVB FINANCIAL GROUP 
 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 and shares of Common Stock (or cash in lieu of such shares of Common Stock at the election of the Company), if any, in accordance with the terms of the Indenture referred to in this Note, and
directs that any shares of Common Stock issuable and deliverable upon such conversion, together with any cash comprising a portion of the Daily Settlement Amounts for each of the thirty Trading Days during the Observation Period and for any
fractional shares, 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 transfer taxes payable with respect thereto. Any amount required to be paid to the undersigned on account of interest accompanies
this Note. 
  

									
					
	Dated:	 	 	 		 		 	 
					
		 		 		 		 	 
		 		 		 		 	Signature(s)

  

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

  

 B-1 

 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 
  

 B-2 

 EXHIBIT C 
 [FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE] 
 To: SVB FINANCIAL GROUP 
 The undersigned registered owner of this Note hereby acknowledges receipt of a notice from SVB Financial Group (hereinafter referred to as 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 repay to the registered holder hereof in accordance
with the applicable provisions 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 an Interest Record Date and on or prior to the corresponding Interest Payment Date, accrued and unpaid interest, including Additional Interest, if any, thereon to, but
excluding, such Fundamental Change Repurchase Date. 
 In the case of certificated 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 repaid (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. 
  

 C-1 

 EXHIBIT D 
 [FORM OF ASSIGNMENT AND TRANSFER] 
 For value received _____________________ hereby sell(s), assign(s) and
transfer(s )____________________ unto (Please insert social security or Taxpayer Identification Number of assignee) the within Note, and hereby irrevocably constitutes and appoints _____________________________________ attorney to transfer
the said Note on the books of the Company, with full power of substitution in the premises. 
 In connection with any transfer of the 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 SVB Financial Group or a subsidiary thereof; or 

  

	 ̈	Pursuant to the 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 

  

	 ̈	Pursuant to another available exemption from registration under the Securities Act of 1933, as amended. 

  

 D-1 

			
	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. 
  

 D-2Letter Agreement re Call Option Transaction-JPMorgan Chase Bank, National Assoc.

 Exhibit 4.2 
 JPMorgan Chase Bank, National Association 
 P.O. Box 161 
 60 Victoria Embankment 
 London EC4Y 0JP 
 England

 April 1, 2008 
 To:
SVB Financial Group 
 3003 Tasman Drive 
 Santa Clara, California
95054-1191 
 Attention: Treasurer 
 Telephone No.:
(408) 654-7483 
 Facsimile No.:  (408) 654-3085 
 Re:
Call Option Transaction 
 The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions
of the call option transaction entered into between JPMorgan Chase Bank, National Association, London Branch (“JPMorgan”) and SVB Financial Group (“Counterparty”) on the Trade Date specified below (the
“Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous agreements and serve as the final documentation
for this Transaction. 
 The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity
Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”) are incorporated into this Confirmation. In the event of any inconsistency between the Equity Definitions and this
Confirmation, this Confirmation shall govern. Certain defined terms used herein have the meanings assigned to them in the Offering Memorandum dated April 1, 2008 (the “Offering Memorandum”) relating to the USD 200,000,000
principal amount of Convertible Senior Notes due April 15, 2011, (the “Convertible Notes” and each USD 1,000 principal amount of Convertible Notes, a “Convertible Note”) issued by Counterparty pursuant to an
Indenture to be dated April 7, 2008 between Counterparty and Wells Fargo Bank, N.A., as trustee (the “Indenture”). In the event of any inconsistency between the terms defined in the Offering Memorandum, the Indenture and this
Confirmation, this Confirmation shall govern. The parties acknowledge that this Confirmation is entered into on the date hereof with the understanding that (i) definitions set forth in the Indenture which are also defined herein by reference to
the Indenture and (ii) sections of the Indenture that are referred to herein will conform to the descriptions thereof in the Offering Memorandum. If any such definitions in the Indenture or any such sections of the Indenture differ from the
descriptions thereof in the Offering Memorandum, the descriptions thereof in the Offering Memorandum will govern for purposes of this Confirmation. The parties further acknowledge that the Indenture section numbers used herein are based on the draft
of the Indenture last reviewed by JPMorgan as of the date of this Confirmation, and if any such section numbers are changed in the Indenture as executed, the parties will amend this Confirmation in good faith to preserve the intent of the parties.
For the avoidance of doubt, references to the Indenture herein are references to the Indenture as in effect on the date of its execution (subject to the provisions of the immediately preceding sentence) and if the Indenture is amended following its
execution, any such amendment will be disregarded for purposes of this Confirmation unless the parties agree otherwise in writing. 
 Each
party is hereby advised, and each such party acknowledges, that the other party has engaged in, or refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the
Transaction to which this Confirmation relates on the terms and conditions set forth below. 
 JPMorgan Chase Bank, National Association

 Organised under the laws of the United States as a National Banking Association. 
 Main Office 1111 Polaris Parkway, Columbus, Ohio 43271 
 Registered as a branch in England & Wales branch No. BR000746. Registered 
 Branch Office
125 London Wall, London EC2Y 5AJ 
 Authorised and regulated by the Financial Services Authority 

 1. This Confirmation evidences a complete and binding agreement between JPMorgan and Counterparty as to the terms of the
Transaction to which this Confirmation relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if JPMorgan and Counterparty had
executed an agreement in such form (but without any Schedule except for the election of the laws of the State of New York as the governing law) on the Trade Date. In the event of any inconsistency between provisions of that Agreement and this
Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby agree that no Transaction other than the Transaction to which this Confirmation relates shall be governed by the
Agreement. 
 2. The terms of the particular Transaction to which this Confirmation relates are as follows: 
  

			
	General Terms:	  	
		
	 Trade Date:
	  	April 1, 2008
		
	 Option Style:
	  	“Modified American”, as described under “Procedures for Exercise” below
		
	 Option Type:
	  	Call
		
	 Buyer:
	  	Counterparty
		
	 Seller:
	  	JPMorgan
		
	 Shares:
	  	The common stock of Counterparty, par value USD 0.001 per Share (Exchange symbol “SIVB”)
		
	 Number of Options:
	  	200,000. For the avoidance of doubt, the Number of Options shall be reduced by any Options exercised by Counterparty. In no event will the Number of Options be less than
zero.
		
	 Applicable Percentage:
	  	50%
		
	 Option Entitlement:
	  	As of any date, a number equal to the product of the Applicable Percentage and the Conversion Rate as of such date (as defined in the Indenture, but without regard to any adjustments to the
Conversion Rate pursuant to Section 15.03(a) or to Section 15.04(i) of the Indenture), for each Convertible Note.
		
	 Strike Price:
	  	USD 53.04325
		
	 Premium:
	  	USD 16,700,000.00
		
	 Premium Payment Date:
	  	April 7, 2008
		
	 Exchange:
	  	The NASDAQ Global Select Market
		
	 Related Exchange(s):
	  	All Exchanges located in the United States.

  

 2 

			
		
	 Procedures for Exercise:
	  	
		
	 Exercise Period(s):
	  	Notwithstanding anything to the contrary in the Equity Definitions, an Exercise Period shall occur with respect to an Option hereunder only if such Option is an Exercisable Option (as defined
below) and the Exercise Period shall be, in respect of any Exercisable Option, the period commencing on, and including, the relevant Conversion Date and ending on, and including, the Scheduled Valid Day immediately preceding the first day of the
relevant Settlement Averaging Period in respect of such Conversion Date, subject to the first proviso under “Notice of Exercise” below; provided that in respect of Exercisable Options relating to Convertible Notes for which the
relevant Conversion Date occurs on or after January 15, 2011, the final day of the Exercise Period shall be the Scheduled Valid Day immediately preceding the Expiration Date.
		
	 Conversion Date:
	  	With respect to any conversion of Convertible Notes, the date on which the Holder (as such term is defined in the Indenture) of such Convertible Notes satisfies all of the requirements for
conversion thereof as set forth in Section 15.02(e) of the Indenture.
		
	 Exercisable Options:
	  	Upon the occurrence of a Conversion Date, a number of Options equal to the number of Convertible Notes surrendered to Counterparty for conversion with respect to such Exercise Period but no
greater than the Number of Options.
		
	 Expiration Time:
	  	The Valuation Time
		
	 Expiration Date:
	  	April 15, 2011, subject to earlier exercise.
		
	 Multiple Exercise:
	  	Applicable, as described under Exercisable Options above.
		
	 Automatic Exercise:
	  	Applicable; and means that in respect of an Exercise Period, a number of Options not previously exercised hereunder equal to the number of Exercisable Options shall be deemed to be exercised
on the final day of such Exercise Period for such Exercisable Options; provided that such Options shall be deemed exercised only to the extent that Counterparty has provided a Notice of Exercise to JPMorgan.
		
	 Notice of Exercise:
	  	Notwithstanding anything to the contrary in the Equity Definitions, in order to exercise any Exercisable Options, Counterparty must notify JPMorgan in writing before 5:00 p.m. (New York City
time) on the Scheduled Valid Day prior to the scheduled first day of the Settlement Averaging Period for the Exercisable Options being exercised of (i) the number of such Options and (ii) the scheduled first day of the Settlement Averaging Period
and the scheduled Settlement Date (such time, the “Notice Deadline”); provided that, notwithstanding the foregoing, such notice (and the related automatic exercise of such Options) shall be effective if given after the
relevant Notice Deadline but prior to 5:00 p.m. New York City time, on the fifth Scheduled Valid Day of

  

 3 

			
		
		  	such Settlement Averaging Period, in which case the Calculation Agent shall have the right to adjust the Net Shares, the Cash Amount or the Share Amount as appropriate to reflect the
additional costs (including, but not limited to, hedging mismatches and market losses) and reasonable expenses incurred by JPMorgan in connection with its hedging activities (including the unwinding of any hedge position) as a result of its not
having received such notice prior to the Notice Deadline; provided further that in respect of Exercisable Options relating to Convertible Notes with a Conversion Date occurring on or after January 15, 2011, such notice may be given on or
prior to the second Scheduled Valid Day immediately preceding the Expiration Date and need only specify the number of such Exercisable Options.
		
	 Valuation Time:
	  	At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation
Time in its reasonable discretion.
		
	 Market Disruption Event:
	  	Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:
		
		  	“‘Market Disruption Event’ means in respect of a Share, (i) a failure by the primary United States national or regional securities exchange or market on which Shares are listed
or admitted to trading to open for trading during its regular trading session or (ii) the occurrence or existence for more than one half-hour period in the aggregate on any Scheduled Valid Day for the Shares 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 Shares or in any options, contracts or future contracts relating to the Shares traded in the United States, and such
suspension or limitation occurs or exists at any time before 1:00 p.m. (New York City time) on such day.”

  

 4 

			
		
	 Settlement Terms:
	  	
		
	 Default Settlement Method:
	  	Net Share Settlement; provided however that Counterparty shall elect Combination Settlement, consistent with the settlement method elected by Counterparty for the corresponding
Convertible Notes; provided further that, if Counterparty does not provide a Notice of Combination Settlement to JPMorgan in compliance with the requirements set forth in “Notice of Combination Settlement” below, Net Share
Settlement shall be deemed to apply to the relevant Exercisable Options. Counterparty agrees not to elect to specify a Cash Percentage (as defined in the Indenture) in connection with the conversion of the Convertible Notes if Counterparty is in
possession of any material non- public information with respect to Counterparty or the Shares.
		
	 Notice of Combination Settlement:
	  	If Counterparty elects to specify a Cash Percentage in connection with the conversion of the Convertible Notes corresponding to the Exercisable Options, Counterparty must notify JPMorgan in
writing before 5:00 p.m. (New York City time) on the Scheduled Valid Day immediately preceding the corresponding Settlement Averaging Period (such time, the “Combination Notice Deadline”), which notice shall specify (x) that
Counterparty has elected Combination Settlement with respect to such Exercisable Options and (y) the Cash Percentage; provided that, notwithstanding the foregoing, such notice shall be effective if given after the relevant Combination Notice
Deadline but prior to 5:00 p.m. New York City time, on the fifth Scheduled Valid Day of such Settlement Averaging Period, in which case the Calculation Agent shall have the right to adjust the Net Shares, the Cash Amount or the Share Amount as
appropriate to reflect the additional costs (including, but not limited to, hedging mismatches and market losses) and reasonable expenses incurred by JPMorgan in connection with its hedging activities (including the unwinding of any hedge position)
as a result of its not having received such notice prior to the Combination Notice Deadline.
		
	 Net Share Settlement:
	  	If Net Share Settlement applies, JPMorgan will deliver to Counterparty, on the relevant Settlement Date, a number of Shares equal to the Net Shares in respect of any Exercisable Option
exercised or deemed exercised hereunder. In no event will the Net Shares be less than zero.
		
		  	JPMorgan will deliver cash in lieu of any fractional Shares to be delivered with respect to any Net Shares valued at the Relevant Price for the last Valid Day of the Settlement Averaging
Period.

  

 5 

			
		
	 Net Shares:
	  	In respect of any Exercisable Option exercised or deemed exercised, a number of Shares equal to (i) the Option Entitlement multiplied by (ii) the sum of the quotients, for each Valid
Day during the Settlement Averaging Period for such Exercisable Option, of (A) the Relevant Price on such Valid Day less the Strike Price, divided by (B) such Relevant Price, divided by (iii) the number of Valid Days in the
Settlement Averaging Period; provided, however, that if the calculation contained in clause (A) above results in a negative number, such number shall be replaced with the number “zero”.
		
	 Valid Day:
	  	A day on which (i) trading in the Shares generally occurs on the Exchange or, if the Shares are not then listed on the Exchange, on the primary other U.S. national or regional securities
exchange on which the Shares are then listed or, if the Shares are not then listed on a U.S. national or regional securities exchange, on the primary other market on which the Shares are then traded and (ii) there is no Market Disruption Event. If
the Shares are not so listed or traded, Valid Day shall mean a Business Day.
		
	 Scheduled Valid Day:
	  	A day that is scheduled to be a Valid Day on the primary U.S. national or regional securities exchange or market on which the Shares are listed or admitted for trading. If the Shares are not
so listed or traded, Scheduled Valid Day shall mean a Business Day.
		
	 Relevant Price:
	  	On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page SIVB.UQ <equity> AQR (or any successor thereto)
in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time (provided that for purposes of such definition references to Scheduled Trading Day shall mean Scheduled Valid Day in this Confirmation) of the
Exchange on such Valid Day (or if such volume-weighted average price is unavailable, the market value of one Share on such Valid Day, as reasonably determined by the Calculation Agent using a volume-weighted average method).
		
	 Settlement Averaging Period:
	  	For any Exercisable Option, (x) if Counterparty has, on or prior to January 15, 2011, delivered a Notice of Exercise to JPMorgan with respect to such Exercisable Option with a Conversion Date
occurring prior to January 15, 2011, the thirty (30) consecutive Valid Days commencing on and including the second Scheduled Valid Day following such Conversion Date, or (y) if Counterparty has, on or following January 15, 2011, delivered a Notice
of Exercise to JPMorgan with respect to such Exercisable Option with a Conversion Date occurring on or following January 15, 2011, the thirty (30) consecutive Valid Days commencing on, and including, the thirty-second (32nd) Scheduled Valid Day
immediately prior to the Expiration Date.

  

 6 

			
		
	 Combination Settlement:
	  	If Combination Settlement applies, JPMorgan will deliver to Counterparty, on the relevant Settlement Date, an amount of cash equal to the Cash Amount as specified under “Combination
Amount” below and a number of Shares, if any, equal to the Share Amount as specified under “Combination Amount” below in respect of any Exercisable Option exercised or deemed exercised hereunder.
		
		  	JPMorgan will deliver cash in lieu of any fractional Shares with respect to any Share Amount valued at the Relevant Price for the last Valid Day of the relevant Settlement Averaging Period.

		
	 Combination Amount:
	  	In respect of any Exercisable Option exercised or deemed exercised,
		
		  	(a) an amount of cash (the “Cash Amount”) equal to:
		
		  	 (i) the Option Entitlement; multiplied by

		
		  	 (ii) the Cash Percentage; multiplied by

		
		  	 (iii) the sum of the excess, if any, for each Valid Day during the Settlement Averaging Period for such Exercisable Option, of (A) the Relevant Price on such
Valid Day over (B) the Strike Price; divided by

		
		  	 (iv) the number of Valid Days in the Settlement Averaging Period; and

		
		  	(b) a number of Shares (the “Share Amount”) equal to:
		
		  	 (i) the difference between (x) 100% and (y) the Cash Percentage; multiplied by

		
		  	 (ii) the Net Shares.

		
	 Settlement Date:
	  	The first sentence in the definition of Settlement Date in the Equity Definitions shall be deleted, and in lieu thereof for any Exercisable Option, the Settlement Date shall be the date
Shares will be delivered with respect to the Convertible Notes related to such Exercisable Options, under the terms of the Indenture
		
	 Settlement Currency:
	  	USD
		
	 Other Applicable Provisions:
	  	The provisions of Sections 9.1(c), 9.8, 9.9, 9.11, 9.12 and 10.5 of the Equity Definitions will be applicable, except that all references in such provisions to “Physically-settled”
shall be read as references to “Net Share Settled” or (ii) “Combination Settled” to the extent Shares will be delivered in connection with an election of Combination Settlement. “Net Share Settled” in relation to any
Option means that Net Share Settlement is applicable to that Option. “Combination Settled” in relation to any Option means that Combination Settlement is applicable to that Option.

  

 7 

			
		
	 Representation and Agreement:
	  	Notwithstanding Section 9.11 of the Equity Definitions, the parties acknowledge that any Shares delivered to Counterparty shall be, upon delivery, subject to restrictions and limitations
arising from Counterparty’s status as issuer of the Shares under applicable securities laws.
		
	3. Additional Terms applicable to the Transaction:	  	
		
	 Adjustments applicable to the Transaction:
	  	
		
	 Potential Adjustment Events:
	  	Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means an occurrence of any event or condition, as set forth in Section 15.04 of the
Indenture that would result in an adjustment to the Conversion Rate of the Convertible Notes; provided that in no event shall there be any adjustment hereunder as a result of an adjustment to the Conversion Rate pursuant to Section 15.03(a)
or Section 15.04(i) of the Indenture.
		
	 Method of Adjustment:
	  	Calculation Agent Adjustment, and means that, notwithstanding Section 11.2(c) of the Equity Definitions, upon any adjustment to the Conversion Rate of the Convertible Notes pursuant to the
Indenture (other than Section 15.03(a) or Section 15.04(i) of the Indenture), the Calculation Agent will make a corresponding adjustment to any one or more of the Strike Price, Number of Options, the Option Entitlement and any other variable
reasonably determined to be relevant to the exercise, settlement or payment for the Transaction.
		
	 Extraordinary Events applicable to the Transaction:
	  	
		
	 Merger Events:
	  	Applicable; provided that notwithstanding Section 12.1(b) of the Equity Definitions, a “Merger Event” means the occurrence of any event or condition set forth in Section
15.06 of the Indenture.
		
	 Tender Offers:
	  	Applicable; provided that notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer” means the occurrence of any event or condition set forth in Section
15.04(e) of the Indenture.
		
	 Consequence of Merger Events/Tender Offers:
	  	Notwithstanding Section 12.2 and Section 12.3 of the Equity Definitions, upon the occurrence of a Merger Event or a Tender Offer, the Calculation Agent shall make a corresponding adjustment
in respect of any adjustment under the Indenture to any one or more of the nature of the Shares, Strike Price, Number of Options, the Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction;
provided, however, that such adjustment shall be made without regard to any adjustment to the Conversion Rate for the issuance

  

 8 

			
		
		  	of additional shares as set forth in Section 15.03(a) of the Indenture; provided further that if, with respect to a Merger Event or a Tender Offer, the consideration for the Shares
includes (or, at the option of a holder of Shares, may include) shares of an entity or person not organized under the laws of the United States, any State thereof or the District of Columbia,” Cancellation and Payment shall
apply.
		
	 Nationalization, Insolvency or Delisting:
	  	Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a
Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the American Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global
Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the American Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their
respective successors), such exchange or quotation system shall thereafter be deemed to be the Exchange.
		
	 Additional Disruption Events:
	  	
		
	 Change in Law:
	  	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the
phrase “or announcement or statement of the formal or informal interpretation” and (ii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party
on the Trade Date”.
		
	 Failure to Deliver:
	  	Applicable
		
	 Determining Party:
	  	For all applicable Extraordinary Events, JPMorgan
		
	 Non-Reliance:
	  	Applicable
		
	 Agreements and Acknowledgements
Regarding Hedging Activities:
	  	Applicable
		
	 Additional Acknowledgments:
	  	Applicable
		
	 4. Calculation Agent:
	  	JPMorgan; provided that all determinations made by the Calculation Agent shall be made in good faith and in a commercially reasonable manner. Following any calculation by the Calculation
Agent hereunder and a prior written request by Counterparty, the Calculation Agent will provide to Counterparty by e-mail to the e- mail address provided by Counterparty in such prior written request a report (in a commonly used file format for the
storage and manipulation of financial data) displaying in reasonable detail the basis for such calculation. For the avoidance of doubt, nothing in this provision will require JPMorgan to provide its proprietary models to
Counterparty.

  

 9 

 5. Account Details: 
  

	 	(a)	Account for payments to Counterparty: 

 Bank Name: Silicon
Valley Bank 
 Account Name: SVB Financial Group 
 ABA : 121140399 
 Account #: 0101035270 
 Account for delivery of Shares to Counterparty: 
 DTC Participant #: 901/334250/Silicon Valley Bancshares 
  

	 	(b)	Account for payments to JPMorgan: 

 JPMorgan Chase Bank,
National Association, New York 
 ABA: 021 000 021 
 Favour: JPMorgan Chase Bank, National Association – London 
 A/C: 0010962009 CHASUS33 
 Account for delivery of Shares from JPMorgan: 
 DTC 0060 
 6. Offices: 
 The Office of Counterparty
for the Transaction is: Inapplicable, Counterparty is not a Multibranch Party. 
 The Office of JPMorgan for the Transaction is: London 
 JPMorgan Chase Bank, National Association 
 London Branch 
 P.O. Box 161 
 60 Victoria Embankment 
 London EC4Y 0JP 
 England 
  

	7.	Notices: For purposes of this Confirmation: 

  

	 	(a)	Address for notices or communications to Counterparty: 

 SVB Financial Group 
 3003 Tasman Drive 
 Santa Clara, California 95054-1191 
 Attention: Treasurer 
 Telephone No.: (408) 654-7483 
 Facsimile No.:  (408) 654-3085 
  

	 	(b)	Address for notices or communications to JPMorgan: 

 JPMorgan Chase Bank, National Association 
 277 Park Avenue, 11th Floor 
 New York, NY 10172 
 Attention: Mariusz Kwasnik 
 Title:
Operations Analyst EDG Corporate Marketing 
 Telephone No: (212) 622-6707 
 Facsimile No:  (212) 622-8534 
  

 10 

 8. Representations and Warranties of Counterparty 
 The representations and warranties of Counterparty set forth in Section 1 of the Purchase Agreement (the “Purchase Agreement”) dated as of April 1, 2008 between Counterparty and J.P. Morgan
Securities Inc. as representative of the Initial Purchasers are true and correct and are hereby deemed to be repeated to JPMorgan as if set forth herein. Counterparty hereby further represents and warrants to JPMorgan that: 
  

	 	(a)	Counterparty has all necessary corporate power and authority to execute, deliver and perform its obligations in respect of this Transaction; such execution, delivery and performance
have been duly authorized by all necessary corporate action on Counterparty’s part; and this Confirmation has been duly and validly executed and delivered by Counterparty and constitutes its valid and binding obligation, enforceable against
Counterparty in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability,
to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity) and except that rights to indemnification and
contribution hereunder may be limited by federal or state securities laws or public policy relating thereto. 

  

	 	(b)	Neither the execution and delivery of this Confirmation nor the incurrence or performance of obligations of Counterparty hereunder will conflict with or result in a breach of
(1) the certificate of incorporation or by-laws (or any equivalent documents) of Counterparty, or (2) any applicable law or regulation, or any order, writ, injunction or decree of any court or governmental authority or agency, or
(3) any agreement or instrument to which Counterparty or any of its subsidiaries is a party or by which Counterparty or any of its subsidiaries is bound or to which Counterparty or any of its subsidiaries is subject, or constitute a default
under, or result in the creation of any lien under, any such agreement or instrument which could, in the case of clauses (2) and (3), reasonably be expected to result in a material adverse effect on the ability of Counterparty and its
subsidiaries to perform their obligations in respect of this Transaction. 

  

	 	(c)	No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court is required in connection with the execution, delivery or performance
by Counterparty of this Confirmation, except such as have been obtained or made and such as may be required under the Securities Act of 1933, as amended (the “Securities Act”) or state securities laws or as contemplated by this
Confirmation pursuant to Section 9(o) hereof. 

  

	 	(d)	Counterparty is not required, and after giving effect to the Transaction will not be required, to register as an “investment company” as such term is defined in the
Investment Company Act of 1940, as amended (the “1940 Act”). 

  

	 	(e)	It is an “eligible contract participant” (as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended (the “CEA”)) because
one or more of the following is true: 

 Counterparty is a corporation, partnership, proprietorship, organization, trust or
other entity and: 
  

	 	(A)	Counterparty has total assets in excess of USD 10,000,000; 

  

 11 

	 	(B)	the obligations of Counterparty hereunder are guaranteed, or otherwise supported by a letter of credit or keepwell, support or other agreement, by an entity of the type described in
Section 1a(12)(A)(i) through (iv), 1a(12)(A)(v)(I), 1a(12)(A)(vii) or 1a(12)(C) of the CEA; or 

  

	 	(C)	Counterparty has a net worth in excess of USD 1,000,000 and has entered into this Agreement in connection with the conduct of Counterparty’s business or to manage the risk
associated with an asset or liability owned or incurred or reasonably likely to be owned or incurred by Counterparty in the conduct of Counterparty’s business. 

  

	 	(f)	Each of it and its executive officers or directors are not, on the date hereof, in possession of any material non-public information with respect to Counterparty.

 9. Other Provisions: 
  

	 	(a)	Opinions. Counterparty shall deliver to JPMorgan an opinion of counsel, dated as of the Trade Date, with respect to the matters agreed by the parties hereto.

  

	 	(b)	 Repurchase Notices. Counterparty shall, on any day on which Counterparty effects any repurchase of Shares, promptly give JPMorgan a written notice of
such repurchase (a “Repurchase Notice”) on such day if following such repurchase, the quotient of (x) the product of (a) the Number of Options and (b) the Option Entitlement divided by (y) the number of
Counterparty’s outstanding Shares (such quotient expressed as a percentage, the “Option Equity Percentage”) would be (i) greater than 8.25% or (ii) 0.5% greater than the Option Equity Percentage included in the
immediately preceding Repurchase Notice. To the extent permitted by applicable law, Counterparty agrees to indemnify and hold harmless JPMorgan and its affiliates and their respective officers, directors, employees, affiliates, advisors, agents and
controlling persons (each, an “Indemnified Person”) from and against any and all losses (including losses relating to JPMorgan’s hedging activities as a consequence of becoming, or of the risk of becoming, a Section 16
“insider”, including without limitation, any forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith with respect to this Transaction, and any losses relating to the application of the
Bank Holding Company Act of 1956, as amended, the 1940 Act or the Investment Advisers Act of 1940, to JPMorgan), claims, damages, judgments, liabilities and expenses (including reasonable attorney’s fees), joint or several, which an Indemnified
Person may become subject to, as a result of Counterparty’s failure to provide JPMorgan with a Repurchase Notice on the day and in the manner specified in this paragraph, and to reimburse, within 30 days, upon written request, each of such
Indemnified Persons for any reasonable legal or other expenses incurred in connection with investigating, preparing for, providing testimony or other evidence in connection with or defending any of the foregoing. If any suit, action, proceeding
(including any governmental or regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person as a result of Counterparty’s failure to provide JPMorgan with a Repurchase Notice in accordance with this
paragraph, such Indemnified Person shall promptly notify Counterparty in writing, and Counterparty, upon request of the Indemnified Person, shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person
and any others Counterparty may designate in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding. Counterparty shall not be liable for any settlement of any proceeding contemplated by this paragraph that is
effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Counterparty agrees to indemnify any Indemnified Person from and against any loss or liability by reason of such settlement or
judgment. Counterparty shall not, without the prior written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding contemplated by this paragraph that is in respect of which any Indemnified Person is or
could have been a party and indemnity could have been sought 

  

 12 

	 	 
hereunder by such Indemnified Person, unless such settlement includes an unconditional release of such Indemnified Person from all liability on claims that
are the subject matter of such proceeding on terms reasonably satisfactory to such Indemnified Person. If the indemnification provided for in this paragraph is unavailable to an Indemnified Person or insufficient in respect of any losses, claims,
damages or liabilities referred to therein, then Counterparty hereunder, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims,
damages or liabilities. The remedies provided for in this paragraph (c) are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Party at law or in equity. The indemnity and contribution
agreements contained in this paragraph shall remain operative and in full force and effect regardless of the termination of this Transaction. 

  

	 	(c)	Regulation M. Counterparty is not on the date hereof engaged in a distribution, as such term is used in Regulation M under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), of any securities of Counterparty, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10) and 102(b)(7) of Regulation M. Counterparty shall not, until the
second Scheduled Trading Day immediately following the Trade Date, engage in any such distribution. 

  

	 	(d)	No Manipulation. Counterparty is not entering into this Transaction to create actual or apparent trading activity in the Shares (or any security convertible into or
exchangeable for the Shares) or to otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise in violation of the Exchange Act. 

  

	 	(e)	Transfer or Assignment. (i) Counterparty shall have the right to transfer or assign its rights and obligations hereunder with respect to all, but not less than
all, of the Options hereunder (such Options, the “Transfer Options”); provided that such transfer or assignment shall be subject to reasonable conditions that JPMorgan may impose, including but not limited, to the following
conditions: 

 (A) With respect to any Transfer Options, Counterparty shall not be released from its notice and indemnification
obligations pursuant to Section 9(b) or any obligations under Section 9(o) or 9(t) of this Confirmation; 
 (B) Any Transfer
Options shall only be transferred or assigned to a third party that is a U.S. person (as defined in the Internal Revenue Code of 1986, as amended); 
 (C) Such transfer or assignment shall be effected on terms, including any reasonable undertakings by such third party (including, but not limited to, an undertaking with respect to compliance with applicable securities laws in a manner
that, in the reasonable judgment of JPMorgan, will not expose JPMorgan to material risks under applicable securities laws) and execution of any documentation and delivery of legal opinions with respect to securities laws and other matters by such
third party and Counterparty, as are reasonably requested and reasonably satisfactory to JPMorgan; 
 (D) JPMorgan will not, as a result of
such transfer and assignment, be required to pay the transferee on any payment date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that JPMorgan would have been required to pay to Counterparty in the absence of such
transfer and assignment; 
 (E) An Event of Default, Potential Event of Default or Termination Event will not occur as a result of such
transfer and assignment; 
 (F) Without limiting the generality of clause (B), Counterparty shall cause the transferee to make such Payee Tax
Representations and to provide such tax documentation as may be reasonably requested by JPMorgan to permit JPMorgan to determine that results described in clauses (D) and (E) will not occur upon or after such transfer and assignment; and

  

 13 

 (G) Counterparty shall be responsible for all reasonable costs and expenses, including reasonable
counsel fees, incurred by JPMorgan in connection with such transfer or assignment. 
 (ii) JPMorgan may, without Counterparty’s consent,
transfer or assign all or any part of its rights or obligations under the Transaction to any third party with a rating for its long term, unsecured and unsubordinated indebtedness equal to or better than the lesser of (1) the credit rating of
JPMorgan at the time of the transfer and (2) A- by Standard and Poor’s Rating Group, Inc. or its successor (“S&P”), or A3 by Moody’s Investor Service, Inc. (“Moody’s”) or, if either S&P
or Moody’s ceases to rate such debt, at least an equivalent rating or better by a substitute agency rating mutually agreed by Counterparty and JPMorgan. JPMorgan shall as soon as reasonably practicable notify Counterparty of such transfer or
assignment. If after JPMorgan’s commercially reasonable efforts, JPMorgan is unable to effect such a transfer or assignment on pricing terms reasonably acceptable to JPMorgan and within a time period reasonably acceptable to JPMorgan of a
sufficient number of Options to reduce (1) JPMorgan’s “beneficial ownership” (within the meaning of Section 13 of the Exchange Act and rules promulgated thereunder) to 7.5% of Counterparty’s outstanding Shares or less,
(2) the Option Equity Percentage to 9.9% or less, (3) the percentage of the Counterparty’s outstanding Shares deemed to be directly or indirectly owned or controlled, for purposes of the Bank Holding Company Act of 1956, as amended,
by JPMorgan and its affiliates (the “BHCA Percentage”) to 4.0% or less or (4) the percentage of Counterparty’s outstanding Shares owned, controlled or held with the power to vote (as such terms are used in
Section 2(a)(3) of the 1940 Act) directly or indirectly by JPMorgan or its parent entity (the “Voting Equity Percentage”) to 4.0% or less, JPMorgan may designate any Exchange Business Day as an Early Termination Date with
respect to a portion (the “Terminated Portion”) of this Transaction, such that (1) its “beneficial ownership” following such partial termination will be equal to or less than 7.5% , (2) the Option Equity
Percentage following such partial termination will be equal to or less than 9.9%, (3) the BHCA Percentage following such partial termination will be equal to or less than 4.0% or (4) the Voting Equity Percentage following such partial
termination will be equal to or less than 4.0%. In the event that JPMorgan so designates an Early Termination Date with respect to a portion of this Transaction, a payment shall be made pursuant to Section 6 of the Agreement as if (1) an
Early Termination Date had been designated in respect of a Transaction having terms identical to this Transaction and a Number of Options equal to the Terminated Portion, (2) Counterparty shall be the sole Affected Party with respect to such
partial termination and (3) such Transaction shall be the only Terminated Transaction (and, for the avoidance of doubt, the provisions of Section 9(l) shall apply to any amount that is payable by JPMorgan to Counterparty pursuant to this
sentence as if Counterparty was not the Affected Party). 
 (iii) Notwithstanding any other provision in this Confirmation to the contrary
requiring or allowing JPMorgan to purchase, sell, receive or deliver any shares or other securities to or from Counterparty, JPMorgan may designate any of its affiliates to purchase, sell, receive or deliver such shares or other securities and
otherwise to perform JPMorgan’s obligations in respect of this Transaction and any such designee may assume such obligations. JPMorgan shall be discharged of its obligations to Counterparty only to the extent of any such performance.

  

	 	(f)	Staggered Settlement. If upon advice of counsel with respect to applicable legal and regulatory requirements, including, without limitation, Section 16 of the
Exchange Act, the Bank Holding Company Act of 1956, the 1940 Act, the Investment Advisers Act of 1940 and/or any requirements relating to JPMorgan’s hedging activities hereunder, JPMorgan reasonably determines that it would not be practicable
or advisable to deliver, or to acquire Shares to deliver, any or all of the Shares to be delivered by JPMorgan on the Settlement Date for the Transaction, JPMorgan may, by notice to Counterparty on or prior to any Settlement Date (a “Nominal
Settlement Date”), elect to deliver the Shares on two or more dates (each, a “Staggered Settlement Date”) as follows: 

  

	 	(a)	in such notice, JPMorgan will specify to Counterparty the related Staggered Settlement Dates (the first of which will be such Nominal Settlement Date and the last of which will be
no later than the twentieth (20th) Exchange Business Day following such Nominal Settlement Date) and the number of Shares that it will deliver on each Staggered Settlement Date; 

  

 14 

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

  

	 	(c)	if the Net Share Settlement or Combination Settlement terms set forth above were to apply on the Nominal Settlement Date, then the Net Share Settlement terms or the Combination
Settlement terms, as applicable, will apply on each Staggered Settlement Date, except that the Net Shares, the Cash Amount or the Share Amount, as applicable, will be allocated among such Staggered Settlement Dates as reasonably specified by
JPMorgan in the notice referred to in clause (a) above. 

  

	 	(g)	Role of Agent. Each party agrees and acknowledges that (i) J.P. Morgan Securities Inc., an affiliate of JPMorgan (“JPMSI”), has acted
solely as agent and not as principal with respect to this Transaction and (ii) JPMSI has no obligation or liability, by way of guaranty, endorsement or otherwise, in any manner in respect of this Transaction (including, if applicable, in
respect of the settlement thereof). Each party agrees it will look solely to the other party (or any guarantor in respect thereof) for performance of such other party’s obligations under this Transaction. 

  

	 	(h)	[Reserved.] 

  

	 	(i)	Additional Termination Events. (i) Notwithstanding anything to the contrary in this Confirmation if an event of default with respect to Counterparty shall occur
under the terms of the Convertible Notes as set forth in Section 7.01 of the Indenture, then such event of default shall constitute an Additional Termination Event applicable to the Transaction and, with respect to such event of default
(A) Counterparty shall be deemed to be the sole Affected Party and the Transaction shall be the sole Affected Transaction and (B) JPMorgan shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of
the Agreement. 

 (ii) Notwithstanding anything to the contrary in this Confirmation, the giving of any Notice of Exercise shall
constitute an Additional Termination Event hereunder with respect to the number, if any, of Exercisable Options specified in such Notice of Exercise as corresponding to a conversion of Convertible Notes in compliance with Section 15.03(a) of
the Indenture. Upon receipt of any such notice, JPMorgan shall designate an Exchange Business Day as an Early Termination Date, with respect to the portion of this Transaction corresponding to number of such Exercisable Options so specified. Any
payment hereunder with respect to such termination shall be calculated pursuant to Section 6 of the Agreement; provided that for the purposes of such calculation, (A) Counterparty shall be the sole Affected Party with respect to
such Additional Termination Event, (B) JPMorgan shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement; and (C) for the avoidance of doubt, in determining the amount payable
pursuant to Section 6 of the Agreement, the Calculation Agent (i) shall take into account the time value of this Transaction with respect to the Expiration Date and (ii) shall not take into account any adjustments to the Option
Entitlement that result from corresponding adjustments to the Conversion Rate pursuant to Section 15.03(a) of the Indenture; provided further that (A) in case of a partial termination, an Early Termination Date shall be designated
in respect of a Transaction having terms identical to this Transaction and a Number of Options equal to the 

  

 15 

 
terminated portion and such Transaction shall be the only Terminated Transaction; (B) any amount payable by JPMorgan to Counterparty shall be satisfied
solely by delivery by JPMorgan to Counterparty of a number of Shares and cash in lieu of a fractional share equal to such amount calculated pursuant to Section 6 divided by a price per Share determined by the Calculation Agent; and (C) the
number of Shares deliverable in respect of such early termination by JPMorgan to Counterparty shall not be greater than the product of (x) the Applicable Percentage and (y) the excess of (a) the total number of Shares underlying the
corresponding Convertible Notes (including the number of Additional Shares (as defined in the Indenture) resulting from any adjustment set forth in Section 15.03(a) of the Indenture) over (b) the number of Shares equal in value to the
aggregate principal amount of the corresponding Convertible Notes, as determined by the Calculation Agent in its sole reasonable discretion. 
  

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

 (ii) Section 12.9(b)(i) of the Equity Definitions is hereby amended by (1) replacing “either party may elect” with “JPMorgan may
elect” and (2) replacing “notice to the other party” with “notice to Counterparty” in the first sentence of such section. 
  

	 	(k)	Setoff. In addition to and without limiting any rights of set-off that a party hereto may have as a matter of law, pursuant to contract or otherwise, upon the
occurrence of an Early Termination Date, JPMorgan (and only JPMorgan) shall have the right to set off any payment or delivery obligation that it may have to Counterparty under this Confirmation, including without limitation any obligation to
make any payment of cash or delivery of Shares to Counterparty, against any payment or delivery obligation classified as equity under the United States Generally Accepted Accounting Principles that Counterparty may have to JPMorgan under any other
agreement between JPMorgan and Counterparty relating to Shares (each such contract or agreement, a “Separate Agreement”). For this purpose, JPMorgan shall be entitled to convert any obligation (or the relevant portion of such
obligation) denominated in one currency into another currency at the rate of exchange at which it would be able to purchase the relevant amount of such currency, and to convert any obligation to deliver any non-cash property into an obligation to
deliver cash in an amount calculated by reference to the market value of such property as of the Early Termination Date, as determined by the Calculation Agent in its commercially reasonable discretion; provided that in the case of a set-off
of any obligation to release or deliver assets against any right to receive fungible assets, such obligation and right shall be set off in kind and; provided further that in determining the value of any obligation to deliver Shares, the value
at any time of such obligation shall be determined by reference to the market value of the Shares at such time, as determined in good faith and in a commercially reasonable manner by the Calculation Agent. If an obligation is unascertained at the
time of any such set-off, the Calculation Agent may in good faith make a commercially reasonable estimate of the amount or value of such obligation, in which case set-off will be effected in respect of that estimate, and the relevant party shall
account to the other party at the time such obligation or right is ascertained. For the avoidance of doubt and notwithstanding anything to the contrary provided in this Section 9(k), in the event of bankruptcy or liquidation of Counterparty
neither party shall have the right to set off any obligation that it may have to the other party under this Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other
agreement between the parties hereto, by operation of law or otherwise. 

  

 16 

	 	(l)	Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If in respect of this Transaction, an amount is payable by JPMorgan to
Counterparty (i) pursuant to Section 12.7 or Section 12.9 of the Equity Definitions or (ii) pursuant to Section 6(d)(ii) of the Agreement (a “Payment Obligation”), Counterparty may request JPMorgan to
satisfy any such Payment Obligation by the Share Termination Alternative (as defined below) (except that Counterparty shall not make such an election in the event of a Nationalization, Insolvency, a Merger Event or Tender Offer, in each case, in
which the consideration to be paid to holders of Shares consists solely of cash, or an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party, other than an Event of Default
of the type described in Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement in each case that resulted from an event or events outside
Counterparty’s control) and shall give irrevocable telephonic notice to JPMorgan, confirmed in writing within one Currency Business Day, no later than 12:00 p.m. New York local time on the Merger Date, the Announcement Date (in the case of
Nationalization, Insolvency or Delisting), the Early Termination Date or date of cancellation, as applicable; provided that if Counterparty does not validly request JPMorgan to satisfy its Payment Obligation by the Share Termination
Alternative, JPMorgan shall have the right, in its sole discretion, to satisfy its Payment Obligation by the Share Termination Alternative, notwithstanding Counterparty’s election to the contrary. In calculating any amounts under
Section 6(e) of the Agreement, notwithstanding anything to the contrary in the Agreement, (1) separate amounts shall be calculated as set forth in Section 6(e) with respect to (i) this Transaction and (ii) all other
Transactions, and (2) such separate amounts shall be payable pursuant to Section 6(d)(ii) of the Agreement. 

  

			
	 Share Termination Alternative:
	  	Applicable and means that JPMorgan shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the
Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable (the “Share Termination Payment Date”), in satisfaction of the
Payment Obligation in the manner reasonably requested by Counterparty free of payment.
		
	 Share Termination Delivery Property:
	  	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall
adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.

  

 17 

			
		
	 Share Termination Unit Price:
	  	The value to JPMorgan of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by
the Calculation Agent to JPMorgan at the time of notification of the Payment Obligation. For the avoidance of doubt, the parties agree that in determining the Share Termination Delivery Unit Price the Calculation Agent may consider the purchase
price paid in connection with the purchase of Share Termination Delivery Property.
		
	 Share Termination Delivery Unit:
	  	One Share or, if a Merger Event has occurred and a corresponding adjustment to this Transaction has been made, a unit consisting of the number or amount of each type of property received by a
holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Merger Event, as determined by the Calculation Agent.
		
	 Failure to Deliver:
	  	Applicable
		
	 Other applicable provisions:
	  	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9, 9.11, 9.12 and 10.5 (as modified above) of the Equity Definitions will be applicable, except that all
references in such provisions to “Physically-settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as references to “Share Termination Delivery
Units”. “Share Termination Settled” in relation to this Transaction means that Share Termination Alternative is applicable to this Transaction.

  

	 	(m)	Governing Law. New York law (without reference to choice of law doctrine). 

  

	 	(n)	Waiver of Jury Trial. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or
proceeding relating to this Transaction. Each party (i) certifies that no representative, agent or attorney of either party has represented, expressly or otherwise, that such other party would not, in the event of such a suit, action or
proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into this Transaction, as applicable, by, among other things, the mutual waivers and certifications provided herein.

  

	 	(o)	 Registration. Counterparty hereby agrees that if, in the good faith reasonable judgment of JPMorgan, the Shares (“Hedge Shares”)
acquired by JPMorgan for the purpose of hedging its obligations pursuant to this Transaction cannot be sold in the public market by JPMorgan without registration under the Securities Act, Counterparty shall, at its election, either (i) in order
to allow JPMorgan to sell the Hedge Shares in a registered offering, make available to JPMorgan an effective registration statement under the Securities Act and enter into an agreement, in form and substance satisfactory to JPMorgan, substantially
in the form of an underwriting agreement for a registered 

  

 18 

	 	 
secondary offering; provided, however, that if JPMorgan, in its sole reasonable discretion, is not satisfied with the results of its due
diligence investigation, or the procedures and documentation customarily used in connection with the registered offering referred to above, then clause (ii) or clause (iii) of this paragraph shall apply at the election of Counterparty,
(ii) in order to allow JPMorgan to sell the Hedge Shares in a private placement, enter into a private placement agreement substantially similar to private placement purchase agreements customary for private placements of equity securities, in
form and substance satisfactory to JPMorgan (in which case, the Calculation Agent shall make any adjustments to the terms of this Transaction that are necessary, in its reasonable judgment, to compensate JPMorgan for any discount from the public
market price of the Shares incurred on the sale of Hedge Shares in a private placement), or (iii) purchase the Hedge Shares from JPMorgan at the Reference Price on such Exchange Business Days, and in the amounts, requested by JPMorgan.

  

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

  

	 	(q)	Right to Extend. JPMorgan may delay any Settlement Date or any other date of delivery by JPMorgan, with respect to some or all of the Options hereunder, but in no
event later than the twentieth (20th) Exchange Business Day following such Settlement Date or date of delivery, if JPMorgan reasonably determines, in its discretion, that such extension is reasonably necessary to enable JPMorgan to effect
purchases of Shares in connection with its hedging activity or settlement activity hereunder in a manner that would, if JPMorgan were Counterparty or an affiliated purchaser of Counterparty, be in compliance with applicable legal and regulatory
requirements. 

  

	 	(r)	Status of Claims in Bankruptcy. JPMorgan acknowledges and agrees that this Confirmation is not intended to convey to JPMorgan rights against Counterparty with respect
to the Transaction that are senior to the claims of common stockholders of Counterparty in any U.S. bankruptcy proceedings of Counterparty; provided that nothing herein shall limit or shall be deemed to limit JPMorgan’s right to pursue
remedies in the event of a breach by Counterparty of its obligations and agreements with respect to the Transaction; provided, further, that nothing herein shall limit or shall be deemed to limit JPMorgan’s rights in respect of
any transactions other than the Transaction. 

  

	 	(s)	Securities Contract; Swap Agreement. The parties hereto intend for: (a) the Transaction to be a “securities contract” and a “swap agreement”
as defined in the Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”), and the parties hereto to be entitled to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(17), 546(e),
546(g), 555 and 560 of the Bankruptcy Code; (b) a party’s right to liquidate the Transaction and to exercise any other remedies upon the occurrence of any Event of Default under the Agreement with respect to the other party to constitute a
“contractual right” as described in the Bankruptcy Code; and (c) each payment and delivery of cash, securities or other property hereunder to constitute a “margin payment” or “settlement payment” and a
“transfer” as defined in the Bankruptcy Code. 

  

	 	(t)	Additional Provisions. Counterparty covenants and agrees that, as promptly as practicable following the public announcement of any consolidation, merger and binding
share exchange to which Counterparty is a party, or any sale of all or substantially all of Counterparty’s assets, in each case pursuant to which the Shares will be converted into cash, securities or other property, Counterparty shall notify
JPMorgan in writing of the types and amounts of consideration that holders of Shares have elected to receive upon consummation of such transaction or event (the date of such notification, the “Consideration Notification Date”);
provided that in no event shall the Consideration Notification Date be later than the date on which such transaction or event is consummated. 

  

 19 

	 	(u)	Receipt or Delivery of Cash. For the avoidance of doubt, other than payment of the Premium by Counterparty, nothing in this Confirmation shall be interpreted as
requiring Counterparty to receive or deliver cash in respect of the settlement of the Transaction contemplated by this Confirmation, except in circumstances where the cash settlement thereof is within Counterparty’s control (including, without
limitation, where an Event of Default by Counterparty has occurred under Section 5(a)(ii) or Section 5(a)(iv) of the Agreement, where Counterparty elects to receive or deliver cash or fails timely to elect to receive or deliver Share
Termination Delivery Property in respect of the settlement of such Transaction) or in those circumstances in which holders of the Shares would also receive cash. 

  

 20 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this
Confirmation and returning it to EDG Confirmation Group, J.P. Morgan Securities Inc., 277 Park Avenue, 11th Floor, New York, NY 10172-3401, or by fax to (212) 622 8519. 
  

					
	Very truly yours,
		
		 	J.P. Morgan Securities Inc., as agent for JPMorgan Chase Bank, National Association
			
		 	By:	 	/s/ SANTOSH SREENIVASAN
		 	Authorized Signatory
		 	Name:	 	Santosh Sreenivasan

  

			
	Accepted and confirmed
as of the Trade Date:
	
	SVB Financial Group
		
	By:	 	/s/ MICHAEL DESCHENEAUX
	Authorized Signatory
	Name:	 	Michael Descheneaux

 JPMorgan Chase Bank, National Association 
 Organised under the laws of the United States as a National Banking Association. 
 Main Office 1111 Polaris Parkway, Columbus, Ohio 43271 
 Registered as a branch
in England & Wales branch No. BR000746. Registered 
 Branch Office 125 London Wall, London EC2Y 5AJ 
 Authorised and regulated by the Financial Services Authority

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