Document:

UTC Savings Restoration Plan

 Exhibit 10.31 
 UNITED TECHNOLOGIES CORPORATION 
 SAVINGS
RESTORATION PLAN 
 January 1, 2010 
 ARTICLE I - PREAMBLE 
 United Technologies Corporation (the “Corporation”)
hereby establishes the United Technologies Corporation Savings Restoration Plan (“SRP” or the “Plan”) effective January 1, 2010 for the benefit of eligible employees of the Corporation and certain subsidiaries and affiliates
of the Corporation (the “Employees”). The purpose of the SRP is to offer Employees the opportunity to defer a portion of their compensation in excess of the limitation imposed by Section 401(a)(17) of the Internal Revenue Code of
1986, as amended (the “IRS Compensation Limit”) and to accrue benefits which are not provided under the United Technologies Corporation Employee Savings Plan (the “Qualified Savings Plan”) due to limitations imposed by
Section 415 of the Internal Revenue Code or the IRS Compensation Limit. 
 The SRP shall constitute a “parallel excess
plan” within the meaning of the New York Stock Exchange listing requirements. All or substantially all Employees who participate in the Qualified Savings Plan whose annual pensionable earnings are in excess of the IRS Compensation Limit are
eligible to participate in the SRP under substantially similar terms and conditions as the Qualified Savings Plan, except for the elimination of specified limitations on contributions and benefits under the IRC. The SRP shall be administered and
construed to effectuate the foregoing intent. 
 ARTICLE II - DEFINITIONS 
 Unless otherwise indicated, capitalized terms herein shall have the same meaning ascribed under the Qualified Savings Plan. 
 Beneficiary means the person, persons or entity designated on an electronic or written form by the Participant to receive the value of his or
her Plan Accounts in the event of the Participant’s death in accordance with the terms of this Plan. If the Participant fails to designate a Beneficiary, or the Beneficiary (and any contingent Beneficiary) does not survive the Participant, the
value of the Participant’s Plan Accounts will be paid to the estate of the Participant. 
 Code means the Internal Revenue
Code of 1986, as amended from time to time, and any successor thereto. Reference to any section of the Internal Revenue Code shall include any final regulations or other applicable guidance. 
 Committee means the United Technologies Corporation Deferred Compensation Committee, which is responsible for the administration of the Plan.
The Corporation’s Pension Administration Committee shall appoint the Committee’s members. 
 Corporation means the United
Technologies Corporation. 
 Deferral Period means the period prior to the receipt of Eligible Compensation deferred hereunder.

 “Disability” means permanent and total disability as determined under the Corporation’s long-term disability plan
applicable to the Participant, or if there is no such plan applicable to the Participant, “Disability” means a determination of total disability by the Social Security Administration; provided that, in either case, the Participant’s
condition also qualifies as a “disability” for purposes of Section 409A(a)(2)(C) of the Code. 
 Election Form means
the enrollment form provided by the Committee to Participants electronically or in paper form for the purpose of deferring Eligible Compensation under the Plan. Each Participant’s Election Form must specify the percentage of Eligible
Compensation to be deferred with respect to the following calendar year; the percentage allocation among the Investment Funds with respect to the Participant Contribution Account; and if not previously elected for the Plan Accounts, the method of
distribution. 
 Eligible Compensation means Pensionable Earnings in excess of the IRS Compensation Limit for any Plan Year.

 Employee means an employee of the Corporation or of certain subsidiaries and affiliates of the Corporation, but excluding any
employee who is included in a different tax qualified savings plan or is not eligible to participate in the Qualified Savings Plan pursuant to the terms of a collective bargaining agreement between employee representatives and a UTC Company (a
“Represented Employee”) unless such employee representatives and the UTC Company agree that the Represented Employees in such unit shall be eligible to participate in the Plan. 

 Investment Fund means a hypothetical fund that tracks the value of an investment option offered
under the Qualified Savings Plan or the UTC Deferred Compensation Plan. Investment Funds offered under the SRP may be changed from time to time by the Committee and shall be valued in the manner set forth in Section 6.4. As of the effective
date of this Plan, Investment Funds will include: the Credited Interest Fund as offered under the UTC Deferred Compensation Plan, and the following investment options offered under the Qualified Savings Plan: the Vanguard 500 Index Fund; the UTC
Stock Unit Fund; Global Index Fund, US Value Index Fund; US Growth Index Fund; US Midcap Index Fund; US Small Company Index Fund; and International Equity Fund; or such other investment options as may be established or changed by the Committee from
time to time. The value of Participants’ Accounts shall be adjusted to replicate the performance of the applicable Investment Funds. Amounts credited to any Investment Fund do not result in the investment in actual assets corresponding to the
Investment Fund. 
 IRS Compensation Limit means the limitation imposed by Section 401(a)(17) of the Internal Revenue Code of
1986, as amended. 
 Participant means an eligible Employee who is a participant in the Qualified Savings Plan, whose annual
Pensionable Earnings are in excess of the limit of IRC Section 401(a)(17) or whose Corporation matching contribution is otherwise limited by the Code, and who elects to defer Eligible Compensation under the Plan. 
 Participant Contribution Account means a Plan Account maintained on behalf of a Participant who defers Eligible Compensation under this Plan.

 Pensionable Earnings means the total compensation paid with respect to a Plan Year by a UTC Company to a Participant for
services rendered to a UTC Company, before any Tax-Deferred Contribution Election or any election under Section 125 of the Code, including performance related awards, but excluding: other awards; foreign service premiums and allowances;
long-term incentive compensation; stock option benefits; reimbursements or other payments related to relocation expenses; contributions to employee benefit plans including reimbursements or payments in lieu thereof, amounts credited to a Participant
under a non-qualified deferred compensation plan; severance pay; and pay in lieu of vacation. 
 Performance-based Compensation
means performance-based compensation as defined in Treas. Reg. §1.409A–1(e)). 
 Plan means the United Technologies
Corporation Savings Restoration Plan, as amended from time to time. 
 Plan Accounts means the Participant Contribution Account and
the UTC Contribution Account maintained on behalf of a Participant. 
 Plan Year means the calendar year. 
 Separation from Service means a Participant’s termination of employment with all UTC Companies, other than by reason of death. A
Separation from Service will be deemed to occur where the Participant and the UTC Company that employs the Participant reasonably anticipate that the bona fide level of services the Participant will perform (whether as an employee or as an
independent contractor) for UTC Companies will be permanently reduced to a level that is less than thirty-seven and a half percent (37.5%) of the average level of bona fide services the Participant performed during the immediately preceding 36
months (or the entire period the Participant has provided services if the Participant has been providing services to the UTC Companies for less than 36 months). A Participant shall not be considered to have had a Separation from Service as a result
of a transfer from one UTC Company to another UTC Company. 
 Specified Employee means each of the fifty
(50) highest-paid officers and other executives of the Corporation and its Subsidiaries, effective annually as of April 1st, based on wages subject to federal income tax withholding, and amounts that are excluded from taxable income by the
employee’s election to make pre-tax contributions under a cafeteria plan, section 401(k) plan, or similar plan, determined for the preceding calendar year as provided in Treas. Reg. § 1.415(c)-2(d)(3). The term includes both U.S.
and non-U.S. employees, and the compensation used to determine whether an employee is among the fifty (50) highest-paid officers and other executives shall be determined by treating non-U.S. compensation as if it had been earned in the U.S. by
a U.S. citizen. 
 UTC Common Stock means the common stock of United Technologies Corporation. 
 UTC Company means United Technologies Corporation or any entity controlled by or under common control with United Technologies Corporation
within the meaning of Section 414(b) or (c) of the Code (but substituting “at least 20 percent” for “at least 80 percent” as the control threshold used in applying Sections 414(b) and (c)). 
  

 -2- 

 UTC Contribution means the amount credited to a Participant’s UTC Contribution Account in
accordance with the formula set forth in Article V. 
 UTC Contribution Account means a Plan Account maintained on behalf of a
Participant for the purpose of crediting UTC Contributions. 
 ARTICLE III - ELIGIBILITY AND PARTICIPATION 
 Section 3.1 - Eligibility 
  

	 	(a)	Eligibility to Make Employee Contributions. Employees who are participants in the Qualified Savings Plan shall be eligible to participate in the SRP if and to the extent such
Employee’s annual Pensionable Earnings are in excess of the limit of IRC Section 401(a)(17). 

  

	 	(b)	Eligibility for UTC Contributions. An Employee who is eligible to participate in the SRP and has completed one year of “Continuous Service” (as defined in the UTC
Employee Retirement Plan as in effect on January 1, 2008) shall be eligible to receive UTC Contributions in accordance with Article V of the Plan. 

 Section 3.2 - Participation 
 With respect to any calendar year for which the Committee
offers the opportunity to defer Eligible Compensation, each eligible Participant may elect to participate in the Plan by timely filing with the Committee an Election Form, properly completed in accordance with Section 4.1. Participation in the
Plan is entirely voluntary. 
 ARTICLE IV - PARTICIPANT ELECTIONS AND DESIGNATIONS 
 Section 4.1 - Election 
 An
eligible Participant may, on or before the election deadline established by the Committee, make an electronic or written election on the Election Form provided by the Committee to defer Eligible Compensation for the immediately following calendar
year. 
 Section 4.2 - Election Amount 
 An eligible Participant must designate in the Election Form the percentage of Eligible Compensation that will be deferred under the Plan, in a whole percentage between one and six percent. 
 Section 4.3 - Election Date 
 To defer Eligible Compensation under the Plan, an electronic or written Election Form must be completed and submitted to the Committee no later than the December 31 immediately preceding the calendar year to
which the election applies, or such earlier date as the Committee may specify. To the extent an election is made to defer Eligible Compensation that includes an incentive compensation payment that qualifies as Performance-based Compensation as
defined in Treas. Reg. §1.409A–1(e)), with respect to services to be performed in the current calendar year and otherwise payable in the immediately following calendar year, such election must be submitted to the Committee no later than
the June 30 of the current calendar year, or such earlier date as the Committee may specify. In all other cases, the deferral election must be submitted by December 31 preceding the calendar year in which the Eligible Compensation is
earned or such earlier date as the Committee may specify. 
 A deferral election shall be effective only if the individual making the
election is still an eligible Participant at the election deadline. Except as provided below in Section 4.6 (Change in Election), the choices reflected on the Participant’s Election Form shall be irrevocable on the election deadline. An
eligible Employee must timely submit an election by the election deadline to be eligible to participate in the Plan. Once an election is made to defer Eligible Compensation, the election will be deemed an evergreen election and will be applied to
future Plan years, unless the election is revised or cancelled during a subsequent annual enrollment period. 
 Section 4.4 -
Distribution Election 
 At the time the Participant first elects to defer Eligible Compensation under this Plan, the Participant must
at that time elect the method of distribution of the Participant’s Plan Accounts. Distribution options include a lump sum or two to fifteen annual installments. If no distribution election is made with respect to a Participant’s Plan
Accounts, the distribution will be in a lump sum. 
  

 -3- 

 Section 4.5 - Investment Fund Allocations 
 When completing the Election Form, the Participant must allocate the amount to be deferred, in whole percentages, among the available Investment Funds.
To the extent that the Participant fails to make an effective allocation among the available Investment Funds, the deferral shall be allocated entirely to the Credited Interest Fund. 
 Participants may reallocate their existing Plan Accounts among the available Investment Funds as permitted by the Committee, generally twice per year
in June and November. Such reallocations shall be in whole percentages and, unless otherwise specified by the Committee, shall be effective the first business day of July or the first business of day of January, as applicable. 
 Section 4.6 - Change in Election 
 A Participant may make a one-time irrevocable election to change the form of distribution for the Plan Accounts. A change to the form of distribution must meet all of the following requirements: 
  

	 	(a)	The new election must be made at least twelve months prior to the date on which payments will commence under the current election and/or date of termination following attainment
of age 50 (and the new election shall be ineffective if the payment commencement date under the current election occurs within twelve months after the date of the new election); 

  

	 	(b)	The new election will not take effect until at least twelve months after the date when the new election is submitted in a manner acceptable to the Committee; and

  

	 	(c)	The new payment commencement date must be five years later than the date on which payments would commence under the current election. 

 Section 4.7 - Investment Fund Allocation at Separation from Service 
 Notwithstanding Section 5.3 (Form of Contribution), at Separation from Service, a Participant may reallocate his or her existing Plan Accounts to
the Credited Interest Fund as permitted by the Committee, with respect to the period of time following the Separation from Service date and prior to the actual distribution date provided under Article VII. 
 Section 4.8 - Designation of Beneficiary 
 Each Participant shall designate a Beneficiary for his or her Plan Account on an electronic or written form provided by the Committee. A Participant may change such designation on an electronic or written form
acceptable to the Committee and will be effective on the date received by the Committee. Designations received after the date of the Participant’s death will not be effective. In the event that no Beneficiary designation is filed with the
Committee before the Participant’s death, or if the Beneficiary (and any contingent Beneficiary) does not survive the Participant, the value of all Plan Accounts hereunder will be paid to the estate of the Participant. If a Participant
designates the Participant’s spouse as the Participant’s Beneficiary, that designation shall not be revoked or otherwise altered or affected by any: (a) change in the marital status of the Participant; (b) agreement between the
Participant and such spouse; or (c) judicial decree (such as a divorce decree) affecting any rights that the Participant and such spouse might have as a result of their marriage, separation, or divorce; it being the intent of the Plan that any
change in the designation of a Beneficiary hereunder may be made by the Participant only in accordance with the procedures set forth in this Section 4.8. In the event of the death of a Participant, distributions shall be made in accordance with
Section 7.6. 
 ARTICLE V - UTC CONTRIBUTIONS 
 Section 5.1 - Contribution Amount 
 The Corporation will credit a sixty percent
(60%) matching contribution to the Plan on up to six percent (6%) of each Participant’s Eligible Compensation deferred under the Plan. 
 Section 5.2 - Eligibility for Contribution 
 No Participant shall receive an allocation of
UTC Contributions until such Participant has met the participation requirements of Section 3.1(b) of the Plan. 
  

 -4- 

 Section 5.3 - Form of Contribution  
 The UTC Contribution shall be provided in the form of hypothetical shares or units of UTC Common Stock. Participants may not exchange amounts credited
to their UTC Contribution Account to other investment options. In no event shall the UTC Contribution to any Participant’s UTC Contribution Accounts for any calendar year exceed 25% of annual earnings for such calendar year. 
 Section 5.4 - Timing of Contribution  
 Allocation of UTC Contributions and Participant deferrals shall generally be made to each Participant’s UTC Contribution Account on or immediately following each pay period, but no less frequently than once
with respect to each Plan Year. The Corporation may in its sole discretion credit additional amounts to Participants’ UTC Contribution Accounts. 
 Section 5.5 - Vesting of Contributions  
 A Participant is always 100% vested in his or her
deferrals into the Plan and associated earnings. A Participant shall be vested in the value of UTC Contributions credited to his or her Plan Account upon the first to occur of the following: participation in the Plan for two years; completion of
three years of “Continuous Service” (as defined in the UTC Employee Retirement Plan as in effect on January 1, 2008), attainment of age 65, the death or disability of the Participant while employed by a UTC Company, the layoff of a
Participant from a UTC Company due to lack of work, or the Participant’s entrance into the military service before completing two years of Plan participation. For purposes of this Section 5.5, a Participant’s date of disability shall
be the first day of the fifth month (or such other month as may from time to time be applicable under the federal Social Security Act) prior to the month for which a Participant first receives a disability benefit under the Social Security Act.

 ARTICLE VI - PLAN ACCOUNTS 
 Section 6.1 - Accounts 
 A Participant Contribution Account and a UTC Contribution Account will be established for
each Participant. 
  

	 	(a)	Participant Contribution Accounts. Participant Contribution Accounts shall be allocated or reallocated among Investment Funds in accordance with the Plan terms and each
Participant’s instructions in the manner set forth in Section 4.5. Participant Contribution Accounts shall be credited with hypothetical investment fund shares or units on the applicable pay date on which Eligible Compensation would
otherwise have been paid. Participant Contribution Accounts will be credited daily with investment earnings and losses, including dividends and capital gains, where applicable, in accordance with the Plan terms and a Participant’s investment
elections. 

  

	 	(b)	UTC Contribution Accounts. UTC Contribution Accounts shall be credited with hypothetical shares or units of UTC Common Stock (“UTC Deferred Stock Units”), in the manner
set forth in Article V. UTC Deferred Stock Units may not be exchanged for any other Investment Funds . UTC Contribution Accounts will be credited daily with investment earnings and losses, including dividends, associated with UTC Common Stock.

 Section 6.2 - Valuation of Credited Interest Fund 
 Deferred amounts allocated to the Credited Interest Fund will be credited daily with a rate of interest equal to the average interest rate on 10-Year
Treasury Bonds as of the last business day of each month from January through October in the calendar year prior to the calendar year in which the interest is credited, plus 1%. The Credited Interest rate shall in no event exceed 120% of the
applicable federal rate as published by the IRS. 
 Section 6.3 - Valuation of UTC Stock Unit Fund 
 Deferred compensation allocated to the UTC Stock Unit Fund will be converted to UTC Deferred Stock Units, including fractional Stock Units. A UTC
Deferred Stock Unit is equal to the closing price of one share of UTC Common Stock as reported on the composite tape of the New York Stock Exchange. The number of UTC Deferred Stock Units will be calculated by dividing the amount of Eligible
Compensation deferred by the closing price of UTC Common Stock on the date when the deferred amount is credited to the Participant’s UTC Stock Unit Fund. UTC Deferred Stock Units will be credited with dividend equivalent payments equal to the
Corporation’s declared dividend on UTC Common Stock (if any). Such dividend equivalent payments will be converted to additional UTC Deferred Stock Units and fractional units using the closing price of UTC Common Stock as of the date such
dividends are credited to the Participant’s UTC Stock Unit Fund. 
  

 -5- 

 Section 6.4 - Valuation of Investment Funds 
 Deferred compensation allocated to Investment Funds will be converted to the applicable Investment Fund units based on the closing share price of that
Investment Fund as of date the deferred amount is credited to the Participant’s applicable Investment Fund. The value of the units of an Investment Fund will fluctuate on each business day based on the performance of the applicable Investment
Fund. 
 Section 6.5 - Allocation to Accounts 
 During the year of deferral, deferred amounts will be allocated to the Participant’s Participant Contribution Account and Investment Funds as of the date the deferred amounts would otherwise have been paid to
the Participant. 
 Section 6.6 - Reports to Participants 
 The Committee will provide or make available detailed information to Participants regarding the credited value of Plan Accounts, distribution
elections, Beneficiary designations, and Investment Fund allocations, not less than once per year. Such information may be provided via electronic media as determined by the Committee. 
 ARTICLE VII - DISTRIBUTION OF ACCOUNTS 
 Section 7.1 - Timing of Plan
Distributions 
 Except as provided in Section 4.6 (concerning the five-year delay following a Change in Election),
Section 7.4 (concerning Separation from Service before Attaining Age Fifty), and Section 7.5 (concerning distributions to Specified Employees), the value of a Participant’s Plan Accounts will be distributed (or begin to be
distributed) to the Participant in April of the calendar year following the calendar year of the Participant’s Separation from Service. 
 Section 7.2 - Method of Distribution 
 Except as provided in Section 7.4 (concerning Separation from Service
before Attaining Age Fifty), Plan Accounts will be distributed to the Participant in a single lump-sum payment, or in a series of annual installment payments, in accordance with the Participant’s election on file. Annual installment
distributions shall be payable to the Participant beginning as of the payment commencement date and continuing as of each anniversary of the payment commencement date thereafter until all installments have been paid. To determine the amount of each
installment, the value of the Participant’s Plan Accounts on the payment date will be multiplied by a fraction, the numerator of which is one and the denominator of which is the remaining number of scheduled installments. 
 Section 7.3 - Form of Distribution 
 Participant Contribution Account distributions will be made in cash and UTC Contribution Account distributions will be made in UTC Common Stock. 
 Section 7.4 - Separation from Service before Attaining Age Fifty 
 If a Participant’s
Separation from Service occurs before the Participant attains age fifty (50), the full value of the Participant’s Plan Accounts will be distributed to the Participant in a lump-sum payment in April of the calendar year following the calendar
year of the Participant’s Separation from Service (or, if the Participant is a Specified Employee at the time of his or her Separation from Service, on the date provided in Section 7.5, below, if later) regardless of the distribution
option elected and regardless of any change in the distribution election. 
 If a Participant is re-employed following a Separation from
Service, the Participant’s age at the time of the Participant’s first Separation from Service will determine how the Participant’s Plan Accounts at the time of the first Separation from Service are distributed. If the Participant
accumulates any additional deferrals after the Participant is re-hired, the Plan shall separately account for the additional deferrals (and related investment gains or losses), and the Participant’s age at the time of the Participant’s
second Separation from Service will determine how the additional amounts are distributed. 
 Section 7.5 - Separation from Service
of Specified Employees 
 Distributions to Specified Employees will not be made or commence earlier than the first day of the seventh
month following the date of Separation from Service. All Plan Accounts shall continue to accrue hypothetical investment gains and losses as provided in Article VI until the distribution date. 
  

 -6- 

 Section 7.6 - Distribution in the Event of Death 
 In the event of the death of a Participant before the Participant’s Plan Account has been fully distributed, the full remaining value of the
Participant’s Plan Accounts will be distributed to the designated Beneficiary or the Participant’s estate in a lump sum on the first business day of the third month following the Participant’s death. 
 Section 7.7 - Accelerated Distribution in the Case of an Unforeseeable Emergency 
  

	 	(a)	Unforeseeable Emergency. The Committee may, upon a Participant’s written application, agree to an accelerated distribution of some or all of the value of a
Participant’s Plan Accounts upon the occurrence of an unforeseeable emergency. An “unforeseeable emergency” is a severe financial hardship to the Participant resulting from (1) an illness or accident of the Participant, the
Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in IRC Section 152, without regard to Section 152(b)(1), (b)(2), and (d)(1)(B)); (2) loss of the Participant’s
property due to casualty; or (3) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. Whether a Participant is faced with an unforeseeable emergency permitting a
distribution is to be determined based on the relevant facts and circumstances of each case. Acceleration will not be granted if the emergency is or may be relieved through reimbursement or compensation from insurance or otherwise, by liquidation of
the Participant’s assets (to the extent the liquidation of such assets would not cause severe financial hardship), or by cessation of deferrals under the Plan. 

  

	 	(b)	Amount of Distribution Permitted Upon an Unforeseeable Emergency. Distributions on account of an unforeseeable emergency, as defined in Section 7.7(a), shall be limited to
the amount reasonably necessary to satisfy the emergency need. Such amount may include amounts necessary to pay any Federal, state, local, or foreign income taxes or penalties reasonably anticipated to result from the distribution.

  

	 	(c)	The Committee will determine from which Investment Funds hardship distributions will be made. Any Participant who is an officer or director of the Corporation within the meaning
of Section 16 of the Securities Exchange Act of 1934 is not eligible for distributions on account of unforeseeable emergency. 

 Section 7.8 - Disability 
 In the event of the Disability of a Participant that qualifies as a “Separation from
Service” for purposes of Section 409A of the Code, the Participant’s Plan Accounts will be distributed in accordance with the Participant’s elections on file. 
 Section 7.9 - Administrative Adjustments in Payment Date 
 A payment is treated as being made on the date when it is due under the Plan if the payment is made on the due date specified by the Plan, or on a later date that is either (a) in the same calendar year (for a
payment whose specified due date is on or before September 30), or (b) by the 15th day of the third calendar month following the date specified by the Plan (for a payment whose specified due date is on or after October 1). A payment
also is treated as being made on the date when it is due under the Plan if the payment is made not more than 30 days before the due date specified by the Plan. In no event will a payment to a Specified Employee be made or commence earlier than the
first day of the seventh month following the date of Separation from Service. A Participant may not, directly or indirectly, designate the taxable year of a payment made in reliance on the administrative rules in this Section 7.9. 

ARTICLE VIII - AMENDMENT AND TERMINATION OF PLAN 
 Section 8.1 - Amendment 
 The Corporation may, at any time, amend the Plan in whole or in
part, provided that no amendment may decrease the value of any Plan Accounts as of the date of such amendment. In the event of any change in law or regulation relating to the Plan and the tax treatment of Plan Accounts, the Plan shall, without
further action by the Committee, be deemed to be amended to comply with any such change in law or regulation effective as of the first date necessary to prevent the taxation, constructive receipt or deemed distribution of Plan Accounts prior to the
date Plan Accounts would be distributed under the provisions of Article VII. 
  

 -7- 

 Section 8.2 - Plan Suspension and Termination 
  

	 	(a)	The Corporation’s Pension Administration Committee, may, at any time, suspend or terminate the Plan with respect to new or existing Election Forms if, in its sole judgment,
the continuance of the Plan, the tax, accounting, or other effects thereof, or potential payments thereunder would not be in the best interest of the Corporation or for any other reason. 

  

	 	(b)	In the event of the suspension of the Plan, no additional deferrals or UTC Contributions shall be made under the Plan. All previous deferrals and UTC Contributions shall
accumulate and be distributed in accordance with the otherwise applicable provisions of the Plan and the applicable elections on file. 

  

	 	(c)	Upon the termination of the Plan with respect to all Participants, and the termination of all arrangements sponsored by the Corporation or its affiliates that would be aggregated
with the Plan under Section 409A of the Code (“Section 409A”), the Corporation shall have the right, in its sole discretion, and notwithstanding any elections made by the Participant, to pay the Participant’s Plan Accounts in a
lump sum, to the extent permitted under Section 409A. All payments that may be made pursuant to this Section 8.2(c) shall be made no earlier than the thirteenth month and no later than the twenty-fourth month after the termination of the Plan.
The Corporation may not accelerate payments pursuant to this Section 8.2(c) if the termination of the Plan is proximate to a downturn in the Corporation’s financial health within the meaning of Treas. Reg. section 1.409A-3(j)(4)(ix)(C)(1).
If the Corporation exercises its discretion to accelerate payments under this Section 8.2(c), it shall not adopt any new arrangement that would have been aggregated with the Plan under Section 409A within three years following the date of
the Plan’s termination. 

 Section 8.3 - No Consent Required 
 The consent of any Participant, Beneficiary, or other person shall not be required with respect to any amendment, suspension, or termination of the
Plan. 
 ARTICLE IX - GENERAL PROVISIONS 
 Section 9.1 - Unsecured General Creditor 
 The Corporation’s obligations under the
Plan constitute an unfunded and unsecured promise to pay money or deliver shares in the future. Participants’ and Beneficiaries’ rights under the Plan are solely those of a general unsecured creditor of the Corporation. No assets will be
placed in trust, set aside or otherwise segregated to fund or offset liabilities in respect of the Plan or Participants’ Plan Accounts. 
 Section 9.2 - Nonassignability 
 No Participant or Beneficiary or any other person shall have the right to sell,
assign, transfer, pledge, or otherwise encumber any interest in the Plan. All Plan Accounts and the rights to all payments are unassignable and non-transferable. Plan Accounts or payment hereunder, prior to actual payment, will not be subject to
attachment or seizure for the payment of any debts, judgments or other obligations. Plan Accounts or other Plan benefit will not be transferred by operation of law in the event of a Participant’s or any Beneficiary’s bankruptcy or
insolvency. 
 Section 9.3 - No Contract of Employment 
 Participation in the Plan shall not be construed to constitute a direct or indirect contract of employment between any UTC Company and any Participant.
Participants and Beneficiaries will have no rights against any UTC Company resulting from participation in the Plan other than as specifically provided herein. Nothing in the Plan shall be deemed to give a Participant the right to be retained in the
service of any UTC Company for any length of time or to interfere with the right of any UTC Company to terminate a Participant’s employment prior to the end of any Deferral Period. 
 Section 9.4 - Governing Law 
 The provisions of the Plan will be construed and interpreted according to the laws of the State of Connecticut, to the extent not preempted by federal law. 
 Section 9.5 - Validity 
 If any provision of the Plan is held to be illegal or invalid for
any reason, the remaining provisions of the Plan will be construed and enforced as if such illegal and invalid provision had never been inserted herein. 
  

 -8- 

 Section 9.6 - Notice 
 Any notice or filing required or permitted to be given to the Committee under the Plan shall be sufficient if sent by first-class mail, to the United
Technologies Corporation Deferred Compensation Committee, 1 Financial Plaza, Hartford, Connecticut 06101, Attn: Director, Compensation, MS-504. Any notice or filing required or permitted to be given to any Participant or Beneficiary under the Plan
shall be sufficient if provided either electronically, hand-delivered, or mailed to the address (or email address, as the case may be) of the Participant or Beneficiary then listed on the records of the Corporation. Any such notice will be deemed
given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or email system. 
 Section 9.7 - Successors 
 The provisions of the Plan shall bind and inure to the benefit of the Corporation and its
successors and assigns. The term successors as used herein shall include any corporate or other business entity, which by merger, consolidation, purchase or otherwise acquires all or substantially all of the business and assets of the Corporation,
and successors of any such corporation or other business entity. 
 Section 9.8 - Incompetence 
 If the Committee determines, upon evidence satisfactory to the Committee, that any Participant or Beneficiary to whom a benefit is payable under the
Plan is unable to care for his or her affairs because of illness or accident, any payment due (unless prior claim therefore shall have been made by a duly authorized guardian or other legal representative) may be paid, upon appropriate
indemnification of the Committee and the Corporation, to the spouse of the Participant or other person deemed by the Committee to have incurred expenses for the benefit of and on behalf of such Participant or Beneficiary. Any such payment from a
Participant’s Plan Accounts shall be a complete discharge of any liability under the Plan with respect to the amount so paid. 
 Section 9.9 - Section 409A Compliance 
 To the extent that rights or payments under this Plan are subject to
Section 409A of the Internal Revenue Code, the Plan shall be construed and administered in compliance with the conditions of Section 409A and regulations and other guidance issued pursuant to Section 409A for deferral of income
taxation until the time the compensation is paid. Any distribution election that would not comply with Section 409A of the Code shall not be effective for purposes of this Plan. To the extent that a provision of this Plan does not comply with
Section 409A of the Code, such provision shall be void and without effect. The Corporation does not warrant that the Plan will comply with Section 409A of the Code with respect to any Participant or with respect to any payment. In no event
shall any UTC Company; any director, officer, or employee of a UTC Company (other than the Participant); or any member of the Committee be liable for any additional tax, interest, or penalty incurred by a Participant or Beneficiary as a result of
the Plan’s failure to satisfy the requirements of Section 409A of the Code, or as a result of the Plan’s failure to satisfy any other requirements of applicable tax laws. 
 Section 9.10 - Withholding Taxes 
 The Committee may make any appropriate arrangements to deduct from all deferrals, Contributions, vested Plan Accounts, and distributions under the Plan any taxes that the Committee reasonably determines to be required by law to be withheld
from such credits and payments. 
 ARTICLE X - ADMINISTRATION AND CLAIMS 
 Section 10.1 - Plan Administration 
 The Committee shall be solely responsible for the administration and operation of the Plan. The Committee shall have full and exclusive authority and discretion to interpret the provisions of the Plan and to establish such administrative
procedures as it deems necessary and appropriate to carry out the purposes of the Plan. 
 Any person claiming a benefit, requesting an
interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Committee at United Technologies Corporation, 1 Financial Plaza, Hartford, Connecticut 06101, Attn: Deferred Compensation
Committee. The Committee shall respond in writing as soon as practicable. 
  

 -9- 

 Section 10.2 - Claim Procedures 
 A Participant or Beneficiary who believes that he or she has been denied a benefit to which he or she is entitled under the Plan (referred to in this
Section 10.2 as a “Claimant”) may file a written request with the Committee setting forth the claim. The Committee shall consider and resolve the claim as set forth below. 
  

	 	(a)	Upon receipt of a claim, the Committee shall advise the Claimant that a response will be forthcoming within 90 days. The Committee may, however, extend the response period for up
to an additional 90 days for reasonable cause, and shall notify the Claimant of the reason for the extension and the expected response date. The Committee shall respond to the claim within the specified period. 

  

	 	(b)	If the claim is denied in whole or part, the Committee shall provide the Claimant with a written decision, using language calculated to be understood by the Claimant, setting
forth (1) the specific reason or reasons for such denial; (2) the specific reference to relevant provisions of this Plan on which such denial is based; (3) a description of any additional material or information necessary for the
Claimant to perfect his or her claim and an explanation why such material or such information is necessary; (4) appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review; (5) the time limits
for requesting a review of the claim; and (6) the Claimant’s right to bring an action for benefits under Section 502(a) of ERISA. 

  

	 	(c)	Within 60 days after the Claimant’s receipt of the written decision denying the claim in whole or in part, the Claimant may request in writing that the Committee review the
determination. The Claimant or his or her duly authorized representative may, but need not, review the relevant documents and submit issues and comment in writing for consideration by the Committee. If the Claimant does not request a review of the
initial determination within such 60-day period, the Claimant shall be barred from challenging the determination. 

  

	 	(d)	Within 60 days after the Committee receives a request for review, it will review the initial determination. If special circumstances require that the 60-day time period be
extended, the Committee will so notify the Claimant and will render the decision as soon as possible, but no later than 120 days after receipt of the request for review. 

  

	 	(e)	All decisions on review shall be final and binding with respect to all concerned parties. The decision on review shall set forth, in a manner calculated to be understood by the
Claimant, (1) the specific reasons for the decision, including references to the relevant Plan provisions upon which the decision is based; (2) the Claimant’s right to receive, upon request and free of charge, reasonable access to and
copies of all documents, records, and other information, relevant to his or her benefits; and (3) the Claimant’s right to bring an action for benefits under Section 502(a) of ERISA. 

 CERTAIN REGULATORY MATTERS 
 The Plan is subject
to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Because the Plan is an unfunded plan maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or
highly compensated employees, the Plan is exempt from most of ERISA’s requirements. Although the Plan is subject to Part 1 (Reporting and Disclosure) and Part 5 (Administration and Enforcement) of Title I, Subtitle B of ERISA, the Department of
Labor has issued a regulation that exempts the Plan from most of ERISA’s reporting and disclosure requirements. 
 TO WHOM SHOULD QUESTIONS
CONCERNING THE PLAN BE DIRECTED? 
 All questions concerning the operation of the Plan (including information concerning the
administrators of the Plan) should be directed to: 
 Director, Compensation 
 United Technologies Corporation 
 1 Financial Plaza, MS 504 
 Hartford, Connecticut 06101 
 Telephone:
860-728-6381 
  

 -10-Form of Indenture

 Exhibit 4.1 
 YRC WORLDWIDE INC. 
 6% Convertible Senior Notes due
2014 
 INDENTURE 
 Dated as of [February     ], 2010 
 among

 YRC WORLDWIDE INC., 
 as ISSUER, 
 THE SUBSIDIARIES PARTY HERETO, 
 as GUARANTORS, 
 and 
 [US BANK NATIONAL ASSOCIATION], 
 as TRUSTEE 

 TRUST INDENTURE ACT OF 1939 (“TIA”) 
 CROSS-REFERENCE TABLE 
  

					
	 TIA
 Section
	  	 Indenture
Section

			
	 310
	 	 (a)(1)
	  	7.10
		 	 (a)(2)
	  	7.10
		 	 (a)(3)
	  	N.A.
		 	 (a)(4)
	  	N.A.
		 	 (a)(5)
	  	N.A.
		 	 (b)
	  	7.08, 7.10
		 	 (c)
	  	N.A.
	 311
	 	 (a)
	  	7.11
		 	 (b)
	  	7.11
		 	 (c)
	  	N.A.
	 312
	 	 (a)
	  	2.05
		 	 (a)
	  	12.03
		 	 (b)
	  	12.03
	 313
	 	 (a)
	  	7.06
		 	 (b)(1)
	  	7.06
		 	 (b)(2)
	  	7.06
		 	 (c)
	  	7.06
		 	 (d)
	  	7.06
	 314
	 	 (a)
	  	4.02, 4.03
		 	 (b)
	  	N.A.
		 	 (c)(1)
	  	12.04
		 	 (c)(2)
	  	12.04
		 	 (c)(3)
	  	N.A.
		 	 (d)
	  	N.A.
		 	 (e)
	  	12.05
		 	 (f)
	  	N.A.
	 315
	 	 (a)
	  	7.01(b)
		 	 (b)
	  	7.05
		 	 (c)
	  	7.01
		 	 (d)
	  	7.01(c)
		 	 (e)
	  	6.11
	 316
	 	 (a)(1)(A)
	  	6.05
		 	 (a)(1)(B)
	  	6.04
		 	 (a)(2)
	  	N.A.
		 	 (b)
	  	6.07
		 	 (c)
	  	1.05(e)
	 317
	 	 (a)(1)
	  	6.08
		 	 (a)(2)
	  	6.09
		 	 (b)
	  	2.04
	 318
	 	 (a)
	  	N.A.

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

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
			
	 ARTICLE I
	  		  	
	 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	1
	 SECTION 1.01
	  	Definitions	  	1
	 SECTION 1.02.
	  	Other Definitions	  	10
	 SECTION 1.03.
	  	Incorporation by Reference of Trust Indenture Act	  	11
	 SECTION 1.04.
	  	Rules of Construction	  	11
	 SECTION 1.05.
	  	Acts of Holders	  	12
		
	 ARTICLE II
	  	
	 THE SECURITIES
	  	13
	 SECTION 2.01.
	  	Form and Dating	  	13
	 SECTION 2.02.
	  	Execution and Authentication	  	14
	 SECTION 2.03.
	  	Registrar, Paying Agent and Conversion Agent	  	15
	 SECTION 2.04.
	  	Paying Agent to Hold Money in Trust	  	15
	 SECTION 2.05.
	  	Securityholder Lists	  	15
	 SECTION 2.06.
	  	Transfer and Exchange	  	16
	 SECTION 2.07.
	  	Replacement Securities	  	17
	 SECTION 2.08.
	  	Outstanding Securities; Determinations of Holders’ Action	  	18
	 SECTION 2.09.
	  	Temporary Securities	  	19
	 SECTION 2.10.
	  	Cancellation	  	19
	 SECTION 2.11.
	  	Persons Deemed Owners	  	20
	 SECTION 2.12.
	  	Global Securities	  	20
	 SECTION 2.13.
	  	CUSIP Numbers	  	22
			
	 ARTICLE III
	  		  	
	 REDEMPTION, MANDATORY CONVERSION AND PURCHASES
	  	23
	 SECTION 3.01.
	  	Right To Redeem; Right to Mandatory Conversion	  	23
	 SECTION 3.02.
	  	Selection of Securities to be Converted in a Mandatory Conversion	  	23
	 SECTION 3.03.
	  	Notice of Mandatory Conversion	  	23
	 SECTION 3.04.
	  	Effect of Notice of Mandatory Conversion	  	25
	 SECTION 3.05.
	  	Deposit of Shares in a Mandatory Conversion	  	25
	 SECTION 3.06.
	  	Securities Converted in Part in a Mandatory Conversion	  	26
	 SECTION 3.07.
	  	Purchase of Securities at Option of the Holder upon Fundamental Change	  	26
	 SECTION 3.08.
	  	Effect of Fundamental Change Purchase Notice	  	30
	 SECTION 3.09.
	  	Deposit of Fundamental Change Purchase Price	  	30
	 SECTION 3.10.
	  	Securities Purchased in Part	  	31
	 SECTION 3.11.
	  	Covenant to Comply with Securities Laws upon Purchase of Securities	  	31
	 SECTION 3.12.
	  	Repayment to the Company	  	31

					
			
	 ARTICLE IV
	  		  	
	 COVENANTS
	  		  	31
	 SECTION 4.01.
	  	Payment of Securities	  	31
	 SECTION 4.02.
	  	SEC and Other Reports	  	32
	 SECTION 4.03.
	  	Compliance Certificate	  	32
	 SECTION 4.04.
	  	Further Instruments and Acts	  	33
	 SECTION 4.05.
	  	Maintenance of Office or Agency	  	33
	 SECTION 4.06.
	  	Delivery of Certain Information	  	33
	 SECTION 4.07.
	  	Limitation on Incurrence of Additional Indebtedness	  	33
	 SECTION 4.08.
	  	Liquidated Damages	  	34
	 SECTION 4.09.
	  	Reverse Stock Split; Combination of Shares	  	34
	 SECTION 4.10.
	  	Existence	  	34
			
	 ARTICLE V
	  		  	
	 SUCCESSOR CORPORATION
	  	34
	 SECTION 5.01.
	  	When the Company May Merge or Transfer Assets	  	34
	 SECTION 5.02.
	  	Successor Corporation to be Substituted	  	35
			
	 ARTICLE VI
	  		  	
	 DEFAULTS AND REMEDIES
	  	35
	 SECTION 6.01.
	  	Events of Default	  	35
	 SECTION 6.02.
	  	Defaults and Remedies	  	36
	 SECTION 6.03.
	  	Other Remedies	  	37
	 SECTION 6.04.
	  	Waiver of Past Defaults	  	37
	 SECTION 6.05.
	  	Control by Majority	  	37
	 SECTION 6.06.
	  	Limitation on Suits	  	38
	 SECTION 6.07.
	  	Rights of Holders to Receive Payment	  	38
	 SECTION 6.08.
	  	Collection Suit by Trustee	  	38
	 SECTION 6.09.
	  	Trustee May File Proofs of Claim	  	39
	 SECTION 6.10.
	  	Priorities	  	39
	 SECTION 6.11.
	  	Undertaking for Costs	  	40
	 SECTION 6.12.
	  	Waiver of Stay, Extension or Usury Laws	  	40
			
	 ARTICLE VII
	  		  	
	 TRUSTEE
	  		  	41
	 SECTION 7.01.
	  	Duties of Trustee	  	41
	 SECTION 7.02.
	  	Rights of Trustee	  	42
	 SECTION 7.03.
	  	Individual Rights of Trustee	  	44
	 SECTION 7.04.
	  	Trustee’s Disclaimer	  	44
	 SECTION 7.05.
	  	Notice of Defaults	  	44
	 SECTION 7.06.
	  	Reports by Trustee to Holders	  	44
	 SECTION 7.07.
	  	Compensation and Indemnity	  	44
	 SECTION 7.08.
	  	Replacement of Trustee	  	45
	 SECTION 7.09.
	  	Successor Trustee by Merger	  	46
	 SECTION 7.10.
	  	Eligibility; Disqualification	  	46
	 SECTION 7.11.
	  	Preferential Collection of Claims Against Company	  	46

  

 -ii- 

					
		
	 ARTICLE VIII
	  	
	 DISCHARGE OF INDENTURE
	  	46
	 SECTION 8.01.
	  	Discharge of Liability on Securities	  	46
	 SECTION 8.02.
	  	Repayment to the Company	  	47
			
	 ARTICLE IX
	  		  	
	 AMENDMENTS
	  		  	47
	 SECTION 9.01.
	  	Without Consent of Holders	  	47
	 SECTION 9.02.
	  	With Consent of Holders	  	48
	 SECTION 9.03.
	  	Compliance with Trust Indenture Act	  	49
	 SECTION 9.04.
	  	Revocation and Effect of Consents	  	49
	 SECTION 9.05.
	  	Notation on or Exchange of Securities	  	49
	 SECTION 9.06.
	  	Trustee to Sign Supplemental Indentures	  	49
	 SECTION 9.07.
	  	Effect of Supplemental Indentures	  	50
		
	 ARTICLE X
	  	
	 CONVERSIONS
	  	50
	 SECTION 10.01.
	  	Conversion Privilege	  	50
	 SECTION 10.02.
	  	Conversion Procedure	  	51
	 SECTION 10.03.
	  	Adjustments Below Par Value	  	52
	 SECTION 10.04.
	  	Taxes on Conversion	  	52
	 SECTION 10.05.
	  	Company to Provide Stock	  	53
	 SECTION 10.06.
	  	Adjustment of Conversion Rate	  	54
	 SECTION 10.07.
	  	No Adjustment	  	61
	 SECTION 10.08.
	  	Equivalent Adjustments	  	62
	 SECTION 10.09.
	  	Adjustment for Tax Purposes	  	62
	 SECTION 10.10.
	  	Notice of Adjustment	  	62
	 SECTION 10.11.
	  	Notice of Certain Transactions	  	62
	 SECTION 10.12.
	  	Effect of Reclassification, Consolidation, Merger, Share Exchange or Sale on Conversion Privilege	  	63
	 SECTION 10.13.
	  	Trustee’s Disclaimer	  	64
	 SECTION 10.14.
	  	Voluntary Increase of the Conversion Rate	  	64
	 SECTION 10.15.
	  	Simultaneous Adjustments	  	65
	 SECTION 10.16.
	  	Limitation on Conversion and Issuance of Shares	  	65
		
	 ARTICLE XI
	  	
	 GUARANTEES
	  	65
	 SECTION 11.01.
	  	Guarantees	  	65
	 SECTION 11.02.
	  	Limitation on Liability	  	68
	 SECTION 11.03.
	  	Execution and Delivery of Guarantees	  	69
	 SECTION 11.04.
	  	When a Guarantor May Merge, etc.	  	69
	 SECTION 11.05.
	  	No Waiver	  	69
	 SECTION 11.06.
	  	Modification	  	69
	 SECTION 11.07.
	  	Release of Guarantor	  	70
	 SECTION 11.08.
	  	Execution of Supplemental Indentures for Future Guarantors	  	70

  

 -iii- 

					
			
	 ARTICLE XII
	  		  	
	 MISCELLANEOUS
	  		  	70
	 SECTION 12.01.
	  	Trust Indenture Act Controls	  	70
	 SECTION 12.02.
	  	Notices	  	71
	 SECTION 12.03.
	  	Communication by Holders with Other Holders	  	72
	 SECTION 12.04.
	  	Certificate and Opinion as to Conditions Precedent	  	72
	 SECTION 12.05.
	  	Statements Required in Certificate or Opinion	  	72
	 SECTION 12.06.
	  	Separability Clause	  	73
	 SECTION 12.07.
	  	Rules by Trustee, Paying Agent, Conversion Agent and Registrar	  	73
	 SECTION 12.08.
	  	Legal Holidays	  	73
	 SECTION 12.09.
	  	Governing Law	  	73
	 SECTION 12.10.
	  	No Recourse Against Others	  	73
	 SECTION 12.11.
	  	Successors	  	73
	 SECTION 12.12.
	  	Counterparts; Multiple Originals	  	73
	 SECTION 12.13.
	  	Force Majeure	  	74
	 SECTION 12.14.
	  	USA Patriot Act	  	74

  

 -iv- 

 INDENTURE dated as of [February     ], 2010 between YRC WORLDWIDE INC.,
a Delaware corporation, as issuer (the “Company”), certain of the Company’s subsidiaries signatory hereto, as guarantors (each a “Guarantor,” and collectively, the “Guarantors”), and [US Bank National Association],
a [            ] (the “Trustee”). 
 Each party agrees as
follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s 6% Convertible Senior Notes Due 2014 (“Notes”): 
 ARTICLE I 
 DEFINITIONS AND INCORPORATION BY
REFERENCE 
 SECTION 1.01. Definitions. 
 “Adjusted Net Assets” of a Guarantor at any date means the amount by which the fair value of the assets and other property of such
Guarantor exceeds the total amount of liabilities, including, without limitation, contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under its
Guarantee, of such Guarantor at such date. 
 “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. 
 “Applicable Procedures” means, with respect to any transfer or transaction involving
a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time. 
 “Attributable Indebtedness” means, as of any date of determination thereof, the net present value (discounted according to GAAP at
the cost of debt implied in the lease) of the obligations of the lessee for rental payments during the then remaining term of any applicable lease in connection with a Sale and Leaseback Transaction. 
 “Board of Directors” means either the board of directors of the Company or any duly authorized committee of such board.

 “Board Resolution” means a copy of one or more resolutions, certified by an Officer of the Company to have been
duly adopted or consented to by the applicable Board of Directors and to be in full force and effect, and delivered to the Trustee. 
 “Business Day” means, with respect to any Security, a day that in the City of New York is not a day on which banking institutions are authorized by law or regulation to close. 

 “Buyers” shall mean the “Buyers” party to that certain Note Purchase
Agreement, dated as of February 11, 2010, among the Buyers, the Company and the Guarantors party thereto. 
 “Capital
Stock” for any corporation means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) stock issued by that corporation. 
 “Capitalized Lease Obligations” means, as to any Person, the obligations of such Person under a lease that are required to be
classified and accounted for as capital lease obligations under generally accepted accounting principles GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at
such date, determined in accordance with GAAP. 
 “Certificated Securities” means Securities that are in the form of
the Securities attached hereto as Exhibit A-2. 
 “Commodity Agreements” means any commodity price/index swap,
futures or option contract or similar agreement or arrangement designed to protect or manage fluctuations in commodity prices. 
 “Common Stock” shall mean shares of the Company’s Common Stock, $0.01 par value per share (as of the date of this Indenture), as they exist on the date of this Indenture or any other shares of Capital Stock of the Company
into which the Common Stock shall be reclassified or changed. 
 “Company” means the party named as the
“Company” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any
subsequent such successor or successors. 
 “Company Order” means a written request or order signed in the name of the
Company by any two Officers and delivered to the Trustee. 
 “Conversion Price” means, in respect of each Security, as
of any date, $1,000 divided by the Conversion Rate as of such date. 
 “Corporate Trust Office” means the office of
the Trustee at which at any time the trust created by this Indenture shall be administered, which office at the date hereof is located at shall be at the address of the Trustee specified in Section 12.02 hereof, or such other address as the
Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as a successor Trustee may designate from time to time by notice to the Holders
and the Company). 
 “Currency Agreement” means any foreign exchange contract, currency swap agreement or other
similar agreement or arrangement designed to protect the Company or any of its Significant Subsidiaries against fluctuations in currency values. 
  

 -2- 

 “Default” means any event which is, or after notice or passage of time or both
would be, an Event of Default. 
 “Disqualified Capital Stock” means that portion of any Capital Stock which, by its
terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is mandatorily
exchangeable for Indebtedness, or is redeemable, or exchangeable for Indebtedness, at the sole option of the holder thereof on or prior to the Stated Maturity of the Securities. 
 “Domestic Subsidiary” means a Subsidiary incorporated or otherwise organized or existing under the laws of the United States, any
state thereof, the District of Columbia or any territory or possession of the United States. 
 “Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as in effect from time to time. 
 “Fair Market Value” means the amount which a willing buyer would pay a willing seller in an arm’s length transaction. 
 “Financing Facilities” means, collectively, (i) that certain Credit Agreement, dated as of August 17, 2007, as amended, among the Company, certain of its subsidiaries, JPMorgan Chase
Bank, National Association, as agent, and the other lenders party thereto, and (ii) that certain Third Amended and Restated Receivables Purchase Agreement, dated as of April 18, 2008, as amended, among the Company, as performance
guarantor, Yellow Roadway Receivables Funding Corporation, as seller, Falcon Asset Securitization Company LLC, Three Pillars Funding LLC and Amsterdam Funding Corporation, as conduits, the financial institutions party thereto, as committed
purchasers, Wachovia Bank, National Association, as agent and letter of credit issuer, SunTrust Robinson Humphrey, Inc., as agent, The Royal Bank of Scotland plc (successor to ABN AMRO Bank N.V.), as agent, and JPMorgan Chase Bank, N.A., as agent,
in each case, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof),
supplemented or otherwise modified from time to time, including any agreement extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding any Subsidiaries
of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under any such agreement or any successor or replacement agreement and whether by the same or any other agent, lender or group of lenders.

 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession, in each case, as in effect in the United States of America on the date of this Indenture. 
  

 -3- 

 “Global Securities” means Securities that are in the form of the Securities
attached hereto as Exhibit A-1. 
 “Guarantee” means an unconditional guaranty of the Notes given by any
Subsidiary pursuant to the provisions of Article XI of this Indenture. 
 “Guarantor” means each of
(i) Globe.com Lines, Inc., a Delaware corporation, YRC Inc., a Delaware corporation, YRC Logistics, Inc., a Delaware corporation, YRC Logistics Global, LLC, a Delaware limited liability company, Roadway LLC, a Delaware limited liability
company, Roadway Next Day Corporation, a Pennsylvania corporation, YRC Enterprise Services, Inc., a Delaware corporation, YRC Regional Transportation, Inc., a Delaware corporation, USF Sales Corporation, a Delaware corporation, USF Holland Inc., a
Michigan corporation, USF Reddaway Inc., an Oregon corporation, USF Glen Moore Inc., a Pennsylvania corporation, YRC Logistics Services, Inc. an Illinois corporation, and IMUA Handling Corporation, a Hawaii corporation, (ii) each Subsidiary
that executes and delivers a Guarantee pursuant to Section 11.08 hereof and (iii) each Subsidiary that otherwise executes and delivers a Guarantee, in each case, until such time as such Subsidiary is released from its Guarantee in
accordance with the provisions of this Indenture. 
 “Holder” or “Securityholder” means a person in whose
name a Security is registered on the Registrar’s books. 
 “Indebtedness” means, with respect to any Person,
without duplication, (i) all Obligations of such Person for borrowed money, (ii) all Obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all Capitalized Lease Obligations of such
Person, (iv) all Obligations of such Person issued or assumed as the deferred purchase price of property or services (but excluding trade accounts payable and other accrued liabilities arising in the ordinary course of business that are not
overdue by 90 days or more or are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted), (v) all Obligations for the reimbursement of any obligor on any letter of credit, banker’s acceptance
or similar credit transaction, (vi) guarantees and other contingent obligations in respect of Indebtedness of any other Person referred to in clauses (i) through (v) above and clause (viii) below, (vii) all Obligations of
any other Person of the type referred to in clauses (i) through (vi) which are secured by any Lien on any property or asset of such Person, (viii) all Obligations under Currency Agreements and Interest Swap Obligations of such Person
and (ix) all Disqualified Capital Stock issued by such Person. Notwithstanding the foregoing, Indebtedness shall not include (x) any pension contributions or health and welfare contributions due from such Person and/or its applicable
Subsidiaries to any pension fund entity or health and welfare fund or (y) the accumulation (but not the payment of) cash dividends on Disqualified Capital Stock, the accretion or amortization of original issue discount provided that no
payments in cash are made in respect thereof), or (z) payment of dividends on Disqualified Capital Stock in the form of shares of Capital Stock of the Company provided that such shares of Capital Stock do not constitute Disqualified
Capital Stock. 
 “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with
the terms hereof, including the provisions of the TIA that are deemed to be a part hereof. 
  

 -4- 

 “Interest Swap Obligations” means the obligations of any Person pursuant to any
arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange
for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

 “Issue Date” of any Security means the date on which the Security was originally issued or deemed issued as set
forth on the face of the Security. 
 “Last Reported Sale Price” means, on any date, the closing sale price per share
of the Common Stock (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 such date as reported in composite transactions
for the principal U.S. national or regional securities exchange on which the Common Stock is traded. If the Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, the “Last Reported Sale
Price” shall mean the last quoted bid price for the Common Stock on the OTC Bulletin Board, or if not so reported, by Pink Sheets LLC or a successor organization. If the Common Stock is not so quoted, the “Last Reported Sale Price”
shall mean the average of the mid-point of the last bid and ask prices for the Common Stock on such date from each of at least three nationally recognized independent investment banking firms selected by the Company for such purpose. 
 “Lien” means any lien, mortgage, pledge, security interest, charge, hypothecation or encumbrance of any kind (including any
conditional sale or other title retention agreement, any lease in the nature thereof and any agreement to give any security interest). 
 “Liquidated Damages” has the meaning set forth in the Registration Rights Agreement. 
 “Mandatory
Conversion” shall have the meaning set forth in paragraph 5 of the Securities. 
 “Mandatory Conversion Date”
shall have the meaning set forth in paragraph 5 of the Securities. 
 “Obligations” means, with respect to any
indebtedness, any obligation thereunder, including, without limitation, principal, premium and interest (including post-petition interest thereon), penalties, fees, cost, expenses, indemnifications, reimbursements, damages and other liabilities.

 “Officer” means the Chairman, Vice Chairman, Chief Executive Officer, the President, any Executive Vice President,
the Chief Financial Officer, the Treasurer or the Secretary of the Company. 
  

 -5- 

 “Officers’ Certificate” means a written certificate containing the
information specified in Sections 12.04 and 12.05, signed in the name of the Company by any two Officers, and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion containing the information specified in Section 12.04 and 12.05, from legal counsel who is acceptable to the Trustee in its reasonable
discretion. The counsel may be an employee of, or counsel to, the Company or the Trustee. 
 “Permitted Indebtedness”
means, without duplication, each of the following: 
 (i) Indebtedness (a) under the Securities, this
Indenture and the Guarantees not to exceed $70,000,000 in aggregate principal amount or (b) that is unsecured and ranks pari passu with the Indebtedness set forth in clause (a) in an aggregate principal amount at any time
outstanding not in excess of the Principal Amount of the Securities that have been converted into shares of Common Stock in accordance with the terms of this Indenture and the Securities; 
 (ii) Indebtedness incurred pursuant to any Financing Facility; 
 (iii) (a) other Indebtedness of the Company and its Significant Subsidiaries outstanding on the date of this Indenture
reduced by the amount of any scheduled amortization payments or mandatory prepayments when actually paid or permanent reductions thereon, and (b) any commitments for revolving working capital facilities in foreign jurisdictions outstanding as
of the date of this Indenture and any outstanding Indebtedness in respect thereof, provided that the borrowing under such facilities are used solely for working capital purposes; 
 (iv) Interest Swap Obligations of the Company covering Indebtedness of the Company or any of its Significant Subsidiaries
entered into in the ordinary course of business and not for speculative purposes; 
 (v) Indebtedness under
Currency Agreements entered into in the ordinary course of business and not for speculative purposes; 
 (vi)
Indebtedness of a Significant Subsidiary to the Company or to another Subsidiary for so long as such Indebtedness is held by the Company or another Subsidiary; provided that if as of any date any Person other than the Company or a Subsidiary
owns or holds any such Indebtedness, such date shall be deemed the incurrence of Indebtedness not constituting Permitted Indebtedness by the issuer of such Indebtedness; 
 (vii) Indebtedness of the Company to a Significant Subsidiary for so long as such Indebtedness is held by a Subsidiary;
provided that (a) any Indebtedness of the Company to any Subsidiary is unsecured and (b) if as of any date any Person other than a Subsidiary owns or holds any such Indebtedness, such date shall be deemed the incurrence of
Indebtedness not constituting Permitted Indebtedness by the Company; 
  

 -6- 

 (viii) Indebtedness (a) arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is
extinguished within five business days of incurrence, and (b) in respect of customary netting services and overdraft protections with deposit accounts incurred in the ordinary course of business; 
 (ix) Indebtedness of the Company or any of the Significant Subsidiaries represented by letters of credit for the account of
the Company or such Significant Subsidiary, as the case may be, in order to provide security for workers’ compensation claims, payment obligations in connection with self-insurance or similar requirements in the ordinary course of business;

 (x) unsecured Indebtedness that (a) is expressly subordinated to the Obligations due to the
Securityholders under this Indenture and the Securities pursuant to a written agreement among the holders of such Indebtedness and the Persons incurring such Indebtedness for the benefit of the Trustee and the holders of the Securities, and
(b) does not provide for any cash payment in respect of any sinking fund payment or amortization or other payment of principal, whether by installment or at final maturity, at any time prior to the date which is at least six (6) months
after the Stated Maturity; 
 (xi) Purchase Money Indebtedness, Capitalized Lease Obligations and Attributable
Indebtedness (and any Indebtedness incurred to such Refinance such Indebtedness) to the extent permitted under any Financing Facility; 
 (xii) Indebtedness of the Company and its Significant Subsidiaries in respect of performance bonds, bid bonds, appeal bonds, surety bonds, completion guarantees, workers’ compensation claims,
self-insurance obligations, performance bonds, export or import indemnitees or similar instruments, customs bonds, governmental contracts, leases, employee credit card arrangements and similar obligations, in each case provided in the ordinary
course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 
 (xiii) Indebtedness (a) in respect of taxes, assessments or governmental charges to the extent that payment thereof shall not at the time be required to be made hereunder or (b) incurred in the
ordinary course of business in connection with the financing of insurance premiums; 
 (xiv) Indebtedness of the
Company or any Significant Subsidiary as an account party in respect of trade letters of credit; 
 (xv) the
guarantee by the Company or any Significant Subsidiary of Indebtedness of the Company or any Significant Subsidiary to the extent that the guaranteed Indebtedness was permitted to be incurred by another provision of this

  

 -7- 

 
covenant; provided that if the Indebtedness being guaranteed is subordinated to or pari passu with the Securities, then the Guarantee must be subordinated or pari passu, as
applicable, to the same extent as the Indebtedness guaranteed; 
 (xvi) Indebtedness under Commodity Agreements
entered into in the ordinary course of business and not for speculative purposes; 
 (xvii) other Indebtedness of
the Company and its Significant Subsidiaries in an aggregate principal amount outstanding not to exceed $20,000,000 at any time; and 
 (xviii) Refinancing Indebtedness. 
 “Person” or “person” means
any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or other entity. 
 “Principal Amount” or “principal amount” of a Security means the Principal Amount as set forth on the face of the
Security. 
 “Purchase Money Indebtedness” means Indebtedness of the Company or any of its significant Subsidiaries
incurred for the purpose of financing all or any part of the purchase price or the cost of construction or improvement of any property, provided that the aggregate principal amount of such Indebtedness does not exceed the lesser of the Fair Market
Value of such property or such purchase price or cost. 
 “Refinance” means in respect of any security or
Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue a security or Indebtedness in exchange or replacement for, such security or Indebtedness in whole or in part. “Refinanced” and
“Refinancing” shall have correlative meanings. 
 “Refinancing Indebtedness” means any Refinancing by the
Company or any Significant Subsidiary of Indebtedness incurred in accordance with Section 4.07 hereof (other than pursuant to clause (ii), (iv), (v), (vi), (vii), (viii), (ix) or (xi) of the definition of Permitted Indebtedness), in
each case that does not (1) result in an increase in the aggregate principal amount of any Indebtedness of such Person as of the date of such proposed Refinancing (plus the amount of any premium reasonably necessary to Refinance such
Indebtedness and plus accrued and unpaid interest thereon and the amount of reasonable expenses incurred by the Company in connection with such Refinancing) or (2) create Indebtedness with (A) a Weighted Average Life to Maturity that is
less than the Weighted Average Life to Maturity of the Indebtedness being Refinanced or (B) a final maturity earlier than the final maturity of the Indebtedness being Refinanced; provided that if such Indebtedness being Refinanced is
Indebtedness of the Company or a Guarantor, then such Refinancing Indebtedness shall be Indebtedness solely of the Company and/or Guarantors. 
 “Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of February 11, 2010, among the Company, the Guarantors party thereto and the Buyers. 

 

 -8- 

 “Responsible Officer” means, when used with respect to the Trustee, any vice
president, assistant vice president, trust officer or assistant trust officer, or any other officer within the corporate trust department of the Trustee customarily performing functions similar to those performed by any of the above designated
officers and also shall mean, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge and familiarity with the particular subject and who shall have direct responsibility for
administration of this Indenture. 
 “Restricted Interest” has the meaning specified in paragraph 1 of the
Security. 
 “Restricted Security” means a Security required to bear the restrictive legend set forth in the form of
Security set forth in Exhibit A-2 of this Indenture. 
 “Rule 144A” means Rule 144A under the Securities Act
(or any successor provision), as it may be amended from time to time. 
 “Sale and Leaseback Transaction” means any
arrangement, directly or indirectly, whereby a seller or transferor shall sell or otherwise transfer any real or personal property and then or thereafter lease, or repurchase under an extended purchase contract, conditional sales or other title
retention agreement, the same or similar property. 
 “SEC” means the Securities and Exchange Commission. 

“Security” or “Securities” means any of the Company’s 6% Convertible Senior Notes due 2014, as amended or
supplemented from time to time, issued under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder, as in effect from time to time. 
 “Securityholder” or
“Holder” means a person in whose name a Security is registered on the Registrar’s books. 
 “Significant
Subsidiary” has the meaning ascribed to such term in Regulation S-X (17 CFR Part 210). Unless the context requires otherwise, “Significant Subsidiary” shall refer to a Significant Subsidiary of the Company. 
 “Stated Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on which an
amount equal to the Principal Amount of such Security is due and payable. 
 “Subsidiary” means any person of which at
least a majority of the outstanding Voting Stock or the majority of the outstanding voting power of the outstanding Voting Stock shall at the time directly or indirectly be owned or controlled by the Company or by one or more Subsidiaries or by the
Company and one or more Subsidiaries. 
 “TIA” means the Trust Indenture Act of 1939 as in effect on the date of this
Indenture, provided, however, that in the event the TIA is amended after such date, TIA means, to the extent required by any such amendment, the TIA as so amended. 
  

 -9- 

 “Trading Day” means a day during which trading in securities generally occurs on
the National Association of Securities Dealers Automated Quotation System or, if the Common Stock is not quoted on the National Association of Securities Dealers Automated Quotation System, on the principal other market on which the Common Stock is
then traded. 
 “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture
until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any subsequent such successor or successors. 
 “Voting Stock” of a person means Capital Stock of such person of the class or classes pursuant to which the holders thereof have
the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such person (irrespective of whether or not at the time Capital Stock of any other class or classes shall have or
might have voting power by reason of the happening of any contingency). 
 “Weighted Average Life to Maturity” means,
when applied to any Indebtedness at any date, the number of years obtained by dividing (a) the then outstanding aggregate principal amount of such Indebtedness into (b) the sum of the total of the products obtained by multiplying
(i) the amount of each then remaining installment, sinking fund, serial maturity or other required payment of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest
one-twelfth) which will elapse between such date the making of such payment. 
 “Weighted Average Price” has the
meaning specified in paragraph 1 of the Security. 
 SECTION 1.02. Other Definitions. 
  

				
	 Term
	  	Defined in Section	 
		
	 Act
	  	1.05	(a) 
	 Agent Members
	  	2.12	(e)(v) 
	 beneficial owner
	  	3.07	(a) 
	 Company Fundamental Change Notice
	  	3.07	(b) 
	 Continuing Directors
	  	3.07	(a) 
	 Conversion Agent
	  	2.03	  
	 Conversion Date
	  	10.02	  
	 Conversion Rate
	  	10.06	  
	 Conversion Shares
	  	10.01	  
	 Depositary
	  	2.01	(a) 
	 DTC
	  	2.01	(a) 
	 Event of Default
	  	6.01	  
	 Fundamental Change
	  	3.07	(a) 
	 Fundamental Change Purchase Date
	  	3.07	(a) 
	 Fundamental Change Purchase Notice
	  	3.07	(c) 
	 Fundamental Change Purchase Price
	  	3.07	(a) 

  

 -10- 

				
	 Group
	  	3.07	(a)(i) 
	 incur
	  	4.07	  
	 Legal Holiday
	  	12.08	  
	 Legend
	  	2.06	(f) 
	 Make Whole Premium
	  	10.01	  
	 Make Whole Premium Conversion Price
	  	10.01	  
	 Notice of Default
	  	6.01	  
	 Paying Agent
	  	2.03	  
	 Registrar
	  	2.03	  
	 Rule 144A Information
	  	4.06	  
	 Spin-Off
	  	10.06	(c) 
	 Trigger Event
	  	10.06	(b) 

 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. Whenever this
Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 
 “indenture securities” means the Securities. 
 “indenture security
holder” means a Securityholder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Company. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by a TIA reference to another statute or defined by an SEC
rule have the meanings assigned to them by such definitions. 
 SECTION 1.04. Rules of Construction. Unless the context
otherwise requires: 
 (a) a term has the meaning assigned to it; 
 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting
principles in the United States of America, consistently applied, as in effect from time to time; 
 (c)
“or” is not exclusive; 
 (d) “including” means including, without limitation; and

 (e) words in the singular include the plural, and words in the plural include the singular. 
  

 -11- 

 SECTION 1.05. Acts of Holders. (a) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent
duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a
witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution
thereof. Where such execution is by a signer acting in a capacity other than such signer’s individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. 
 The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved
in any other manner which the Trustee deems sufficient. 
 (c) The ownership of registered Securities shall be
proved by the register maintained by the Registrar. 
 (d) Any request, demand, authorization, direction, notice,
consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (e) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or
other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but
the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the
close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding Securities have authorized or agreed or consented to such request, demand, authorization,
direction, notice, consent, waiver or other Act, and for that purpose the outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed

  

 -12- 

 
effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 
 ARTICLE II 
 THE SECURITIES 
 SECTION 2.01. Form and Dating. The Securities and the Trustee’s certificate of authentication shall be substantially in the
forms set forth on Exhibits A-1 and A-2, which are a part of this Indenture and incorporated by reference herein. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage; provided that
any such notation, legend or endorsement required by usage is in a form acceptable to the Company. The Company shall provide any such notations, legends or endorsements to the Trustee in a Company Order. Each Security shall be dated the date of its
authentication. 
 (a) Issuance of Global Securities. Securities registered with the SEC shall be issued
in the form of a Global Security, which shall be deposited with the Trustee at its Corporate Trust Office, as custodian for the Depositary and registered in the name of The Depository Trust Company (“DTC”) or the nominee thereof (such
depositary, or any successor thereto, and any such nominee being hereinafter referred to as the “Depositary”), duly executed by the Company and authenticated by the Trustee as hereinafter provided, to the extent such Securities at that
time are DTC eligible securities. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary as hereinafter provided. 
 (b) Global Securities in General. Each Global Security shall represent such of the outstanding Securities as shall be
specified therein and each shall provide that it shall represent the aggregate amount of outstanding Securities from time to time endorsed thereon and that the aggregate amount of outstanding Securities represented thereby may from time to time be
reduced or increased, as appropriate, to reflect exchanges, redemptions and conversions. 
 Any adjustment of the aggregate
principal amount of a Global Security to reflect the amount of any increase or decrease in the amount of outstanding Securities represented thereby shall be made by the Trustee in accordance with written instructions given by the Holder thereof as
required by Section 2.12 hereof and shall be made on the records of the Trustee and the Depositary. 
 (c)
Book-Entry Provisions. The Company shall execute and the Trustee shall, in accordance with this Section 2.01(c), authenticate and deliver initially one or more Global Securities that (a) shall be registered in the name of the
Depositary, (b) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instructions and (c) shall bear legends substantially to the following effect: 
 “UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR

  

 -13- 

 
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
THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE TWO OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.”

 (d) Certificated Securities. Securities not issued as interests in the Global Securities will be issued
in certificated form substantially in the form of Exhibit A-2 attached hereto. 
 SECTION 2.02. Execution and
Authentication. The Securities shall be executed on behalf of the Company by any Officer. The signature of the Officer of the Company on the Securities may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at the time of the execution of the Securities the proper
Officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of
authentication of such Securities. 
 No Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of a Responsible Officer, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. 
 The Trustee shall authenticate and deliver Securities for original issue in an aggregate Principal Amount of up to $70,000,000 upon a Company Order without any further action by the Company. The aggregate Principal Amount of Securities
outstanding at any time may not exceed the amount set forth in the foregoing sentence, except as provided in Section 2.07. 
  

 -14- 

 The Securities shall be issued only in registered form without coupons and only in
denominations of $1,000 of Principal Amount and any integral multiple thereof. 
 SECTION 2.03. Registrar, Paying Agent and
Conversion Agent. The Company shall maintain an office or agency where Securities may be presented for registration of transfer or for exchange (“Registrar”), an office or agency where Securities may be presented for purchase or
payment (“Paying Agent”) and an office or agency where Securities may be presented for conversion (“Conversion Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may
have one or more co-registrars, one or more additional paying agents and one or more additional conversion agents. The term Paying Agent includes any additional paying agent, including any named pursuant to Section 4.05. The term Conversion
Agent includes any additional conversion agent, including any named pursuant to Section 4.05. 
 The Company shall enter
into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent or co-registrar (other than the Trustee). The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the
Trustee by a Company Order of the name and address of any such agent. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant
to Section 7.07. The Company or any Subsidiary or an Affiliate of either of them may act as Paying Agent, Registrar, Conversion Agent or co-registrar. 
 The Company initially appoints the Trustee as Registrar, Conversion Agent and Paying Agent in connection with the Securities. 
 SECTION 2.04. Paying Agent to Hold Money in Trust. Except as otherwise provided herein, on or prior to each due date of payments in respect of any Security, the Company shall deposit with the
Paying Agent a sum of money (in immediately available funds if deposited on the due date) sufficient to make such payments when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying
Agent shall hold in trust for the benefit of Securityholders or the Trustee all money held by the Paying Agent for the making of payments in respect of the Securities and shall notify the Trustee of any Default by the Company in making any such
payment. At any time during the continuance of any such Default, the Paying Agent shall, upon the written request of the Trustee, forthwith pay to the Trustee all money so held in trust. If the Company, a Subsidiary or an Affiliate of either of them
acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed
by it. Upon doing so, the Paying Agent shall have no further liability for the money. 
 SECTION 2.05. Securityholder
Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders. If the Trustee is not the Registrar, the Company shall cause to be furnished
to the Trustee at least semiannually on [August     ] and [February     ] a listing of Securityholders dated within 15 days of the date on which the list is furnished and at such other times as the

  

 -15- 

 
Trustee may request in writing a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Securityholders. 
 SECTION 2.06. Transfer and Exchange. (a) Subject to Section 2.12 hereof, upon surrender for registration of transfer of any
Securities, together with a written instrument of transfer satisfactory to the Registrar duly executed by the Securityholder or such Securityholder’s attorney duly authorized in writing, at the office or agency of the Company designated as
Registrar or co-registrar pursuant to Section 2.03, the Company shall execute and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of any authorized denomination or
denominations, of a like aggregate Principal Amount. The Company shall not charge a service charge for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to pay all taxes, assessments or other
governmental charges that may be imposed in connection with the transfer or exchange of the Securities from the Securityholder requesting such transfer or exchange. 
 At the option of the Holder, Securities may be exchanged for other Securities of any authorized denomination or denominations, of a like aggregate Principal Amount, upon surrender of the Securities to be
exchanged, together with a written instrument of transfer satisfactory to the Registrar duly executed by the Securityholder or such Securityholder’s attorney duly authorized in writing, at such office or agency. Whenever any Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 
 The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of Securities selected for Mandatory
Conversion (except, in the case of Securities to be converted in part in connection with a Mandatory Conversion, the portion thereof not to be converted) or any Securities in respect of which a Fundamental Change Purchase Notice has been given and
not withdrawn by the Holder thereof in accordance with the terms of this Indenture (except, in the case of Securities to be purchased in part, the portion thereof not to be purchased). 
 (b) Notwithstanding any provision to the contrary herein, so long as a Global Security remains outstanding and is held by or
on behalf of the Depositary, transfers of a Global Security, in whole or in part, shall be made only in accordance with Section 2.12 and this Section 2.06(b). Transfers of a Global Security shall be limited to transfers of such Global
Security in whole, or in part, to nominees of the Depositary or to a successor of the Depositary or such successor’s nominee. 
 (c) Successive registrations and registrations of transfers and exchanges as aforesaid may be made from time to time as desired, and each such registration shall be noted on the register for the
Securities. 
 (d) Any Registrar appointed pursuant to Section 2.03 hereof shall provide to the Trustee such
information as the Trustee may reasonably require in connection with the delivery by such Registrar of Securities upon transfer or exchange of Securities. 
  

 -16- 

 (e) No Registrar shall be required to make registrations of transfer or
exchange of Securities during any periods designated in the text of the Securities or in this Indenture as periods during which such registration of transfers and exchanges need not be made. 
 (f) If Securities are issued upon the transfer, exchange or replacement of Securities subject to restrictions on transfer and
bearing the legends set forth on the form of Securities attached hereto as Exhibit A-2 setting forth such restrictions (collectively, the “Legend”), or if a request is made to remove the Legend on a Security, the Securities so
issued shall bear the Legend, or the Legend shall not be removed, as the case may be, unless there is delivered to the Company and the Registrar such satisfactory evidence, which shall include an Opinion of Counsel, as may be reasonably required by
the Company and the Registrar, that neither the Legend nor the restrictions on transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A or Rule 144 under the Securities Act or that such
Securities are not “restricted” within the meaning of Rule 144 under the Securities Act. Upon (i) provision of such satisfactory evidence, or (ii) notification by the Company to the Trustee and registrar of the sale of such
Security pursuant to a registration statement that is effective at the time of such sale, the Trustee, at the written direction of the Company, shall authenticate and deliver a Security that does not bear the Legend. If the Legend is removed from
the face of a Security and the Security is subsequently held by an Affiliate of the Company, the Legend shall be reinstated. 
 (g) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under any applicable law with respect
to any transfer or any interest in any Security or any shares of Common Stock issuable in respect thereof or otherwise pursuant to this Indenture (including any transfers between or among Depositary participants or beneficial owners of interests in
any Global Securities) other than to require delivery of such certificates or other documentation or evidence as they are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements hereof. 
 (h) Neither the Trustee, the
Registrar, the Paying Agent or the Conversion Agent shall have any responsibility for any actions taken or not taken by the Depositary. 
 SECTION 2.07. Replacement Securities. If any mutilated Security is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or
theft of any Security, and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of actual knowledge by the Company or the Trustee that such
Security has been acquired by a protected purchaser (within the meaning of Section 8-303 of the Uniform Commercial Code), the Company shall execute, and upon the Trustee’s receipt of a Company order, the Trustee shall authenticate and
deliver, in exchange for any such mutilated Security or

  

 -17- 

 
in lieu of any such destroyed, lost or stolen Security, a new Security of like tenor and Principal Amount, bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, or is about to be purchased
by the Company pursuant to Article III hereof, the Company in its discretion may, instead of issuing a new Security, pay or purchase such Security, as the case may be. 
 Upon the issuance of any new Securities under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto
and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security issued
pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen Security shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Securities duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities. 
 SECTION 2.08. Outstanding Securities; Determinations of Holders’ Action. Securities outstanding at
any time are all the Securities authenticated by the Trustee, except for those cancelled by it, those paid pursuant to Section 2.07 delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Security
does not cease to be outstanding because the Company or an Affiliate thereof holds the Security; provided, however, that in determining whether the Holders of the requisite Principal Amount of Securities have given or concurred in any
request, demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be
outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities of which a Responsible Officer of the Trustee has actual
knowledge to be so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time of such determination shall be considered in any such determination (including, without limitation, determinations pursuant to
Articles VI and IX). 
 If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee
receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent or the
Conversion Agent, as the case may be, holds, in accordance with this Indenture, on a Mandatory Conversion Date, or on the Business Day following a Fundamental Change Purchase Date, or on Stated Maturity, money sufficient to pay amounts owed with
respect to Securities payable on that date with respect to the Paying Agent in

  

 -18- 

 
respect of payments in cash in connection with a Fundamental Change or the payment of principal at Stated Maturity, or shares of Common Stock to sufficient to fulfill all of the Company’s
obligations with respect to the issuance of shares in connection with a Mandatory Conversion (including, without limitation, shares to be issued with respect to the Principal Amount of Securities (or portions thereof) being converted in a Mandatory
Conversion, accrued and unpaid Liquidated Damages, if any, thereon (accruing through but not including the Mandatory Conversion Date), and Make Whole Premium), then immediately after such Mandatory Conversion Date, Fundamental Change Purchase Date
or Stated Maturity, as the case may be, such Securities (or portion thereof) repaid or converted shall cease to be outstanding and interest, if any (other than such interest due and payable as of the applicable conversion date), and Liquidated
Damages, if any, on such Securities (or portion thereof) repaid or converted shall cease to accrue; provided that if such Securities are to be converted in a Mandatory Conversion, notice of such Mandatory Conversion has been duly given
pursuant to this Indenture and the Securities or provision therefor satisfactory to the Trustee has been made. 
 If a Security
is converted in accordance with Article X, then from and after the time of conversion on the Conversion Date, such Security shall cease to be outstanding and interest, if any, shall cease to accrue on such Security. 
 SECTION 2.09. Temporary Securities. Pending the preparation of definitive Securities, the Company may execute, and upon Company Order
the Trustee shall authenticate and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of
which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. 
 If temporary Securities are issued, the Company will cause definitive Securities to be prepared without unreasonable delay. After the
preparation of definitive Securities, the temporary Securities shall be exchangeable for definitive Securities upon surrender of the temporary Securities at the office or agency of the Company designated for such purpose pursuant to
Section 2.03, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like Principal Amount of
definitive Securities of authorized denominations. Until so exchanged, the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities. 
 SECTION 2.10. Cancellation. All Securities surrendered for payment or purchase by the Company pursuant to Article III, conversion,
redemption or registration of transfer or exchange (other than Securities exchanged pursuant to Section 10.02), shall, if surrendered to any person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The
Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled
by the Trustee. The Company may not issue new Securities to replace Securities it has paid or delivered to the Trustee for cancellation or that any Holder has converted pursuant to Article X or that has been converted in a Mandatory Conversion. No
Securities shall be authenticated in lieu of or in

  

 -19- 

 
exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of by the
Trustee in accordance with the Trustee’s customary procedure. 
 SECTION 2.11. Persons Deemed Owners. Prior to due
presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving
payment of the Principal Amount of the Security or the payment of any Fundamental Change Purchase Price in respect thereof, and accrued and unpaid interest and Liquidated Damages, if any, thereon, for the purpose of conversion (including, without
limitation, Mandatory Conversion), the issuance of shares of Common Stock in respect of any Make Whole Premium, and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary. 
 SECTION 2.12. Global Securities. (a) A Global
Security may not be transferred, in whole or in part, to any Person other than the Depositary or a nominee or any successor thereof, and no such transfer to any such other Person may be registered; provided that the foregoing shall not
prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such
Security has been registered in the name of such Person. Notwithstanding any other provisions of this Indenture or the Securities, transfers of a Global Security, in whole or in part, shall be made only in accordance with Section 2.06 and this
Section 2.12. 
 (b) Subject to the succeeding paragraph, every Security shall be subject to the
restrictions on transfer provided in the Legend including the delivery of an Opinion of Counsel, if so provided. Whenever any Restricted Security is presented or surrendered for registration of transfer or for exchange for a Security registered in a
name other than that of the Holder, such Security must be accompanied by a certificate in substantially the form set forth in Exhibit B, dated the date of such surrender and signed by the Holder of such Security, as to compliance with
such restrictions on transfer. The Registrar shall not be required to accept for such registration of transfer or exchange any Security not so accompanied by a properly completed certificate. 
 (c) The restrictions imposed by the Legend upon the transferability of any Security shall cease and terminate when such
Security has been sold pursuant to an effective registration statement under the Securities Act or transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or, if earlier, upon the expiration of the
holding period applicable to sales thereof under Rule 144(d)(1) under the Securities Act (or any successor provision). Any Security as to which such restrictions on transfer shall have expired in accordance with their terms or shall have terminated
may, upon a surrender of such Security for exchange to the Registrar in accordance with the provisions of this Section 2.12 (accompanied, in the event that such restrictions on transfer have terminated by reason of a transfer in compliance with
Rule 144 or any successor provision, by an Opinion of Counsel having substantial experience in practice under the Securities Act and otherwise reasonably acceptable to the Company,

  

 -20- 

 
addressed to the Company and in form acceptable to the Company, to the effect that the transfer of such Security has been made in compliance with Rule 144 or such successor provision), be
exchanged for a new Security, of like tenor and aggregate Principal Amount, which shall not bear the Legend. The Company shall inform the Trustee of the effective date of any registration statement registering the Securities under the Securities
Act. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the aforementioned Opinion of Counsel or registration statement. 
 (d) As used in the preceding two paragraphs of this Section 2.12, the term “transfer” encompasses any sale,
pledge, transfer, hypothecation or other disposition of any Security. 
 (e) The provisions of clauses (i), (ii),
(iii) and (iv) below shall apply only to Global Securities: 
 (i) Notwithstanding any other provisions
of this Indenture or the Securities, a Global Security shall not be exchanged in whole or in part for a Security registered in the name of any Person other than the Depositary or one or more nominees thereof; provided that a Global Security
may be exchanged for Securities registered in the names of any person designated by the Depositary in the event that (x) the Depositary has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security
or such Depositary has ceased to be a “clearing agency” registered under the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days, (y) the Company has provided the Depositary with written notice that
it has decided to discontinue use of the system of book-entry transfer through the Depositary or any successor Depositary or (z) an Event of Default has occurred and is continuing with respect to the Securities. Any Global Security exchanged
pursuant to clause (x) or (y) above shall be so exchanged in whole and not in part, and any Global Security exchanged pursuant to clause (z) above may be exchanged in whole or from time to time in part as directed by the Depositary.
Any Security issued in exchange for a Global Security or any portion thereof shall be a Global Security; provided that any such Security so issued that is registered in the name of a Person other than the Depositary or a nominee thereof shall
not be a Global Security. 
 (ii) Securities issued in exchange for a Global Security or any portion thereof
shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate Principal Amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such
authorized denominations as the Depositary shall designate and shall bear the applicable legends provided for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to
any Global Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its

  

 -21- 

 
nominee with respect to such Global Security, the Principal Amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment
made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate and deliver the Security issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof. 

(iii) Subject to the provisions of clause (v) below, the registered Holder may grant proxies and otherwise authorize
any Person, including Agent Members (as defined below) and persons that may hold interests through Agent Members, to take any action which a holder is entitled to take under this Indenture or the Securities. 
 (iv) In the event of the occurrence of any of the events specified in clause (i) above, the Company will promptly make
available to the Trustee a reasonable supply of Certificated Securities in definitive, fully registered form, without interest coupons. 
 (v) Neither any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf Agent Members act shall have any rights under this
Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and
any agent of the Company or the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the
Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other person on whose behalf an
Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security. 
 SECTION 2.13. CUSIP Numbers. The Company may issue the Securities with one or more “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers
in notices of Mandatory Conversion or redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in
any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such Mandatory Conversion or redemption shall not be affected by any defect in or omission of such numbers. The
Company will promptly notify the Trustee of any change in the CUSIP numbers. 
  

 -22- 

 ARTICLE III 
 REDEMPTION, MANDATORY CONVERSION AND PURCHASES 
 SECTION 3.01. Right To Redeem; Right to Mandatory Conversion. The Company shall not have the right to redeem any of the Securities prior to the Stated Maturity; provided, however, pursuant to terms and conditions set
forth in paragraphs 5 and 7 of the Securities, the Company may have the right to convert the Securities pursuant to a Mandatory Conversion. 
 SECTION 3.02. Selection of Securities to be Converted in a Mandatory Conversion. If less than all the Securities are to be converted in a Mandatory Conversion, unless the procedures of the
Depositary provide otherwise, the Trustee shall select the Securities to be redeemed on a pro rata basis, or, to the extent that selection on a pro rata basis is not practicable, by lot or by such other method the Trustee considers
fair and appropriate, or otherwise, in accordance with the rules and procedures of the Depositary to the extent Global Securities are (or shall be) registered in the name of the Depositary. The Trustee may select for Mandatory Conversion portions of
the Principal Amount of Securities that have denominations of $1,000 and integral multiples thereof. 
 Securities and portions
of them the Trustee selects shall be in Principal Amounts of $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to Securities subject to Mandatory Conversion also apply to portions of Securities, in integral multiples
of $1,000, subject to Mandatory Conversion. The Trustee shall notify the Company promptly of the Securities, or portions of Securities, in integral multiples of $1,000 to be subject to Mandatory Conversion. 
 If any Security selected for partial Mandatory Conversion is converted in part before termination of the conversion right with respect to
the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as possible) to be the portion selected for Mandatory Conversion. Securities that have been converted during a selection of Securities to be
redeemed may be treated by the Trustee as outstanding for the purpose of such selection. 
 SECTION 3.03. Notice of Mandatory
Conversion. The Company shall issue a press release and file with the SEC a Current Report on Form 8-K announcing a Mandatory Conversion on the same Business Day that the Company elects to make a Mandatory Conversion and shall provide the
Trustee with contemporaneous notice of such election, and the Company shall as promptly as practicable thereafter shall mail a notice of Mandatory Conversion by first-class mail, postage prepaid, to each Holder of Securities to be converted in such
Mandatory Conversion. 
 The press release, the Current Report on Form 8-K and the notice shall identify the Securities to
be redeemed and shall state: 
 (a) the Trading Days for which the Company calculated it had the right to elect
to make a Mandatory Conversion; 
 (b) the Conversion Price in effect on the date of such notice; 
  

 -23- 

 (c) the Mandatory Conversion Date; 
 (d) the Principal Amount of the Securities subject to such Mandatory Conversion and the amount of accrued and unpaid
Liquidated Damages, if any, thereon, to be converted in the Mandatory Conversion (both in the aggregate and per $1,000 in Principal Amount of Securities); 
 (e) the number of shares to be issued in respect of the amounts set forth in clause (d) above shall be calculated by dividing such amount by the Conversion Price in effect on the second Business Day
immediately preceding the Mandatory Conversion Date; 
 (f) the amount of the Make Whole Premium in connection
with such Mandatory Conversion; 
 (g) the method for determining the number of shares of Common Stock to be
issued in respect of the Make Whole Premium, the method of calculation for the Make Whole Premium Conversion Price and the Trading Days for which the Make Whole Premium Conversion Price will be calculated; 
 (h) the name and address of the Conversion Agent; 
 (i) that Securities subject to Mandatory Conversion may be converted at any time before the close of business on the second
Business Day immediately preceding the Mandatory Conversion Date; 
 (j) that Holders who want to voluntarily
convert Securities subject to Mandatory Conversion in lieu of having their Securities converted pursuant to the Mandatory Conversion must satisfy the requirements set forth in paragraph 8 of the Securities on or prior to the date set forth in clause
(i) above; 
 (k) that Securities subject to Mandatory Conversion must be surrendered to the Conversion
Agent to collect the shares of Common Stock issuable in connection with the Mandatory Conversion, and the number of shares of Common Stock to be issued in such Mandatory Conversion will equal the sum of the shares determined under clauses
(e) and (g) above, rounded up, in the aggregate to the nearest whole number; 
 (l) if fewer than all
the outstanding Securities are to be converted, the certificate numbers, if any, and Principal Amounts of the particular Securities to be redeemed; 
 (m) that, unless the Company defaults in delivering a sufficient number of shares of Common Stock to the Conversion Agent in order to issue Common Stock in respect of such Mandatory Conversion as provided
herein, interest, if any (other than on past due accrued and unpaid interest), and Liquidated Damages, if any, on Securities (or portions thereof, as the case may be) subject to Mandatory Conversion, will cease to accrue on such Securities (or
portions thereof, as the case may be) on and after the Mandatory Conversion Date and such Securities (or portions thereof, as the case may be) will cease to be convertible; and 
  

 -24- 

 (n) the CUSIP number (or certificate number, if any), if any, of the
Securities subject to Mandatory Conversion. 
 At the Company’s written request, the Trustee shall give the notice of
Mandatory Conversion in the Company’s name and at the Company’s expense; provided that the Company makes such at the time it announces such conversion in accordance with this Section 3.03 and paragraph 7 of the Securities
and the Company provides the Trustee with such notice of Mandatory Conversion for sending to the Holders. 
 SECTION 3.04. Effect of Notice of Mandatory Conversion. Once notice of Mandatory Conversion is given, the Principal Amount of Securities (or there portion thereof, as the case may be) subject to Mandatory Conversion shall, along with
all accrued and unpaid Liquidated Damages, if any, thereon, accruing through but not including the Mandatory Conversion Date, become automatically convertible into shares of Common Stock on the Mandatory Conversion Date at the Conversion Price in
effect on the second (2nd) Business Day immediately
preceding such Mandatory Conversion Date (subject to adjustments as set forth in Article X), plus such number of shares of Common Stock to be delivered in respect of the Make Whole Premium thereon, except for Securities (or portions thereof, as the
case may be) which are converted at the option of the Holder in accordance with the terms of this Indenture and the Securities. Upon surrender to the Conversion Agent, Securities (or portions thereof, as the case may be) subject to Mandatory
Conversion shall be cancelled and shares of Common Stock issued to the Holders of such Securities (or portions thereof, as the case may be) as set forth in the first sentence of this Section 3.04, as such shall be specified in the notice to be
provided by the Company pursuant to paragraph 5 of the Securities, plus, such shares of Common Stock, if any, to be issued in respect of Restricted Interest. 
 SECTION 3.05. Deposit of Shares in a Mandatory Conversion. Prior to 10:00 a.m. (New York City time) on the Mandatory Conversion Date, the Company shall deposit with the Conversion Agent (or if the
Company or a Subsidiary or an Affiliate of either of them is the Conversion Agent, shall segregate and hold in trust) an amount of shares of Common Stock sufficient with respect to the shares of Common Stock issuable upon the conversion of the
Principal Amount of all Securities (or portions thereof), and accrued and unpaid Liquidated Damages, if any, to be converted in the applicable Mandatory Conversion on the Mandatory Conversion Date, along with shares of Common Stock to be issued with
respect to the related Make Whole Premium (and with respect to Restricted Interest, if any, to the extent not issued to the Holder of a Security (or portion thereof) subject to such Mandatory Conversion with respect to an interest payment date prior
to such Mandatory Conversion Date) thereon, other than Securities (or portions of Securities subject to Mandatory Conversion) that on or prior to such Mandatory Conversion Date have been delivered by the Company to the Trustee for cancellation or
have been converted in accordance with the terms and conditions of this Indenture and the Securities. The Conversion Agent shall as promptly as practicable return to the Company any shares of Common Stock required for the foregoing purpose because
of conversion at the option of the Holders of Securities pursuant to Article X. If such shares of Common Stock are then held by the Company in trust and are not required for such purpose, then such shares shall be discharged from such trust.

  

 -25- 

 SECTION 3.06. Securities Converted in Part in a Mandatory Conversion. Upon surrender
of a Security that is converted in part pursuant to a Mandatory Conversion, the Company shall execute and the Trustee shall authenticate and deliver to the Holder, without service charge, a new Security or Securities, of any authorized denomination
as requested by such Holder in aggregate Principal Amount equal to, and in exchange for, the unconverted portion of the Principal Amount of the Security surrendered. 
 SECTION 3.07. Purchase of Securities at Option of the Holder upon Fundamental Change. (a) If at any time that Securities remain outstanding there shall have occurred a Fundamental Change (as
hereinafter defined), Securities shall be repurchased by the Company, at the option of the Holder thereof, at a purchase price (the “Fundamental Change Purchase Price”) equal to the principal amount thereof plus accrued and unpaid
interest, if any, and Liquidated Damages, if any, thereon, up to and including the date (the “Fundamental Change Purchase Date”) fixed by the Company that is not less than 30 days nor more than 60 days after the date notice is given by
Company (as set forth in 3.07(b)), subject to satisfaction by or on behalf of the Holder of the requirements set forth in Section 3.07(c). 
 Whenever in this Indenture there is a reference to the principal of any Security as of any time, such reference shall be deemed to include reference to the Fundamental Change Purchase Price payable in
respect of such Security to the extent that such Fundamental Change Purchase Price is, was or would be payable at such time, and express mention of the Fundamental Change Purchase Price in any provision of this Indenture shall not be construed as
excluding the Fundamental Change Purchase Price in those provisions of this Indenture when such express mention is not made. 
 A “Fundamental Change” shall be deemed to have occurred at such time after the original issuance of the Securities as any of the following occur: 
 (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or
substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person or group of related persons, as defined in Section 13(d) of the Exchange Act (a “Group”) (whether or not otherwise in compliance with
the provisions of this Indenture); 
 (ii) any Person or Group other than the Company, the Guarantors or the
Company’s or its Subsidiaries’ employee benefit plans, files a Schedule TO or any schedule, form or report under the Exchange Act disclosing that such Person or Group has become the direct or indirect “beneficial owner,” as
defined in Rule 13d-3 under the Exchange Act, of the Company’s common equity representing more than 50% of the voting power of the Company’s outstanding Voting Stock; 
  

 -26- 

 (iii) consummation of any share exchange, consolidation or merger of the
Company (excluding a merger solely for the purpose of changing the Company’s jurisdiction of incorporation) 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 Subsidiaries; provided, however, that a
transaction where the holders of more than 50% of each class of the Company’s outstanding common equity immediately prior to such transaction own, directly or indirectly, more than 50% of such class of common equity of the continuing or
surviving corporation or transferee or the parent thereof immediately after such event shall not be a Fundamental Change (unless such transaction constitutes a Fundamental Change pursuant to another clause of this definition); 
 (iv) the approval by the holders of Capital Stock of the Company of any plan or proposal for the liquidation or dissolution
of the Company (whether or not otherwise in compliance with the provisions of this Indenture); or 
 (v) the
first day of which a majority of the members of the Company’s Board of Directors are not Continuing Directors (as hereinafter defined). 
 A “beneficial owner” shall be determined in accordance with Rule 13d-3 and Rule 13d-5 promulgated by the SEC under the Exchange Act or any successor provision, except that a Person shall be
deemed to have “beneficial ownership” of all securities that such Person has the right to acquire, whether exercisable immediately or only after the passage of time. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who
(i) was a member of such Board of Directors on the date of the original issuance of the Securities or (ii) was nominated for election or elected to the Board of Directors with the approval of a majority of the Continuing Directors who were
members of such Board of Directors at the time of such nomination or election. 
 (b) On or before the 15
th day after the occurrence of a Fundamental Change, the
Company shall mail a written notice of the Fundamental Change (the “Company Fundamental Change Notice”) by first-class mail to the Trustee and to each Holder (and to beneficial owners as required by applicable law), and on or before the
second (2nd) Business Day after the occurrence of a
Fundamental Change, disclose such notice in a Current Report on Form 8-K filed with the SEC and simultaneously with such filing publish a notice containing the information to be contained in the Company Fundamental Change Notice once in a
newspaper of general circulation in The City of New York or publish such information on the Company’s website or through such other public medium as the Company may use at such time. The Company Fundamental Change Notice shall include a form of
Fundamental Change Purchase Notice to be completed by the Securityholder and shall state: 
 (i) briefly, the
events causing a Fundamental Change and the date of such Fundamental Change; 
  

 -27- 

 (ii) the date by which the Fundamental Change Purchase Notice pursuant to
this Section 3.07 must be given; 
 (iii) the Fundamental Change Purchase Date; 
 (iv) the Fundamental Change Purchase Price; 
 (v) the name and address of the Paying Agent and the Conversion Agent; 
 (vi) the Conversion Rate, the Conversion Price and any adjustments thereto; 
 (vii) that Securities as to which a Fundamental Change Purchase Notice has been given may be converted pursuant to Article X
hereof only if the Fundamental Change Purchase Notice has been withdrawn in accordance with the terms of this Section 3.08; 
 (viii) that Securities must be surrendered to the Paying Agent to collect payment; 
 (ix) that the Fundamental Change Purchase Price for any Security as to which a Fundamental Change Purchase Notice has been duly given and not withdrawn will be paid promptly following the later of the
Fundamental Change Purchase Date and the time of surrender of such Security as described in clause (viii); 
 (x)
briefly, the procedures the Holder must follow to exercise rights under this Section 3.07; 
 (xi) briefly,
the conversion rights of the Securities; 
 (xii) the procedures for withdrawing a Fundamental Change Purchase
Notice (as specified in Section 3.08); 
 (xiii) that, unless the Company defaults in making payment of such
Fundamental Change Purchase Price, interest, if any, and Liquidated Damages, if any, on Securities surrendered for purchase by the Company will cease to accrue on and after the Fundamental Change Purchase Date; 
 (xiv) the name and address of the Paying Agent and the Conversion Agent; and 
  

 -28- 

 (xv) the CUSIP number of the Securities. 
 (c) A Holder may exercise its rights specified in Section 3.07(a) upon delivery of a written notice of purchase (a
“Fundamental Change Purchase Notice”) in the form attached to this Indenture as Annex A, together with the Securities subject thereto, to the Company and the Paying Agent at any time prior to the close of business on the third
(3rd) Business Day prior to the Fundamental Change
Purchase Date, stating: 
 (i) the certificate number of the Security that the Holder will deliver to be
purchased; 
 (ii) the portion of the Principal Amount of the Security which the Holder will deliver to be
purchased, which portion must be $1,000 or an integral multiple thereof; and 
 (iii) that such Security shall be
purchased pursuant to the terms and conditions specified in Article III of this Indenture and paragraph 6 of the Securities. 
 The delivery of such Security to the Paying Agent prior to, on or after the Fundamental Change Purchase Date (together with all necessary endorsements) at the offices of the Paying Agent shall be a condition to the receipt by the Holder of
the Fundamental Change Purchase Price therefor; provided, however, that such Fundamental Change Purchase Price shall be so paid pursuant to this Section 3.07 only if the Security so delivered to the Paying Agent shall conform in
all respects to the description thereof set forth in the related Fundamental Change Purchase Notice. 
 The Company shall
purchase from the Holder thereof, pursuant to this Section 3.07, a portion of a Security if the Principal Amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the purchase of all of a
Security also apply to the purchase of such portion of such Security. 
 Any purchase by the Company contemplated pursuant to
the provisions of this Section 3.07 shall be consummated by the delivery of the consideration to be received by the Holder promptly following the later of the Fundamental Change Purchase Date and the time of delivery of the Security to the
Paying Agent in accordance with this Section 3.07. 
 Notwithstanding anything herein to the contrary, any Holder
delivering to the Paying Agent the Fundamental Change Purchase Notice contemplated by this Section 3.07(c) shall have the right to withdraw such Fundamental Change Purchase Notice at any time prior to the close of business on the Business Day
preceding the Fundamental Change Purchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.08. 
 The Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Purchase Notice or written withdrawal thereof. 
 Notwithstanding anything herein to the contrary, the Company’s obligations pursuant to this Section 3.07 shall be satisfied if a
third party makes a Fundamental Change offer

  

 -29- 

 
in the manner and at the times and otherwise in compliance in all material respects with the requirements of this Section 3.07 and purchases all Securities properly tendered and not
withdrawn pursuant to the requirements of this Section 3.07. 
 SECTION 3.08. Effect of Fundamental Change Purchase
Notice. Upon receipt by the Paying Agent of the Fundamental Change Purchase Notice specified in Section 3.07(c), the Holder of the Security in respect of which such Fundamental Change Purchase Notice, as the case may be, was given shall
(unless such Fundamental Change Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Fundamental Change Purchase Price, together with all accrued and unpaid interest, if any, and
Liquidated Damages, if any, thereon, to but not including the Fundamental Change Purchase Date with respect to such Security. Such Fundamental Change Purchase Price, together with accrued and unpaid interest, if any, and Liquidated Damages, if any,
thereon, to but not including the Fundamental Change Purchase Date, shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Fundamental Change Purchase Date with
respect to such Security (provided that the conditions in Section 3.07(c) have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.07(c).
Securities in respect of which a Fundamental Change Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article X hereof on or after the date of the delivery of such Fundamental Change Purchase Notice unless such
Fundamental Change Purchase Notice has first been validly withdrawn as specified in the following paragraph. 
 A Fundamental
Change Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Fundamental Change Purchase Notice at any time prior to the close of business on the Business Day
prior to the close of business on the Fundamental Change Purchase Date, specifying: 
 (i) the name of the
Holder; 
 (ii) the certificate number, if any, of the Security in respect of which such notice of withdrawal is
being submitted, 
 (iii) the Principal Amount of the Security with respect to which such notice of withdrawal is
being submitted, and 
 (iv) the Principal Amount, if any, of such Security which remains subject to the original
Purchase Notice or Fundamental Change Purchase Notice, as the case may be, and which has been or will be delivered for purchase by the Company. 
 SECTION 3.09. Deposit of Fundamental Change Purchase Price. Prior to 10:00 a.m. (New York City time) on the Business Day prior to the Fundamental Change Purchase Date, the Company shall deposit
with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 2.04) an amount of money (in immediately
available funds if deposited on such Business Day) sufficient to pay the aggregate Fundamental Change Purchase

  

 -30- 

 
Price, together with all accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, to but not including the Fundamental Change Purchase Date, of all the Securities or portions
thereof which are to be purchased as of the Fundamental Change Purchase Date. 
 SECTION 3.10. Securities Purchased in
Part. Any Certificated Security that is to be purchased only in part shall be surrendered at the office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security,
without service charge, a new Security or Securities, of any authorized denomination as requested by such Holder in aggregate Principal Amount equal to, and in exchange for, the portion of the Principal Amount of the Security so surrendered which is
not purchased. 
 SECTION 3.11. Covenant to Comply with Securities Laws upon Purchase of Securities. When complying with
the provisions of Section 3.07 hereof (provided that such offer or purchase constitutes an “issuer tender offer” for purposes of Rule 13e-4 (which term, as used herein, includes any successor provision thereto) under the
Exchange Act at the time of such offer or purchase), the Company shall (i) comply in all material respects with Rule 13e-4 and Rule 14e-1 under the Exchange Act, (ii) file the related Schedule TO (or any successor schedule, form or report)
under the Exchange Act, and (iii) otherwise comply in all material respects with all Federal and state securities laws so as to permit the rights and obligations under Section 3.07 to be exercised in the time and in the manner specified in
Section 3.07. 
 SECTION 3.12. Repayment to the Company. The Trustee and the Paying Agent shall return to the
Company any cash that remains unclaimed as provided in paragraph 11 of the Securities, together with interest or dividends, if any, thereon (subject to the provisions of Section 7.01(f)), held by them for the payment of the Fundamental Change
Purchase Price and accrued and unpaid interest, if any, and Liquidated Damages, if any; provided, however, that to the extent that the aggregate amount of cash deposited by the Company pursuant to Section 3.09 exceeds the
aggregate Fundamental Change Purchase Price of the Securities or portions thereof which the Company is obligated to purchase as of the Fundamental Change Purchase Date and accrued and unpaid interest thereon, if any, and Liquidated Damages, if any,
then, unless otherwise agreed in writing with the Company, promptly after the Business Day following the Fundamental Change Purchase Date, the Trustee shall return any such excess to the Company together with interest or dividends, if any, thereon
(subject to the provisions of Section 7.01(f)). 
 ARTICLE IV 
 COVENANTS 
 SECTION 4.01. Payment of
Securities. The Company shall promptly make all payments in respect of the Securities on the dates and in the manner provided in the Securities or pursuant to this Indenture. Any amounts to be given to the Trustee or Paying Agent, as the case
may be, shall be deposited with the Trustee or Paying Agent, as the case may be, in immediately available funds by 10:00 a.m. (New York City time) by the Company. Interest installments, Liquidated Damages, Principal Amount, Fundamental Change
Purchase Price and interest, if any, due on overdue amounts shall be considered paid on the applicable date due if at 10:00 a.m.

  

 -31- 

 
(New York City time) on such date (or, in the case of a Fundamental Change Purchase Price, on the Business Day following the applicable Fundamental Change Purchase Date) the Trustee or the Paying
Agent, as the case may be, holds, in accordance with this Indenture, money sufficient to pay all such amounts then due. 
 The
Company shall, to the extent permitted by law, pay interest on overdue amounts at the rate per annum set forth in paragraph 1 of the Securities, compounded semiannually, which interest shall accrue from the date such overdue amount was originally
due to the date payment of such amount, including interest thereon, has been made or duly provided for. All such interest shall be payable on demand. The accrual of such interest on overdue amounts shall be in addition to the continued accrual of
interest on the Securities. 
 SECTION 4.02. SEC and Other Reports. The Company shall file with the Trustee, within 15
days after it files such annual and quarterly reports, information, documents and other reports with the SEC, copies of its annual report and of the information, documents and other reports (or copies of such portions of any of the foregoing as the
SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. In the event the Company is at any time no longer subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, it shall continue to provide the Trustee with reports containing substantially the same information as would have been required to be filed with the SEC had the Company continued to have been subject to
such reporting requirements. In such event, such reports shall be provided to the Trustee at the times the Company would have been required to provide reports had it continued to have been subject to such reporting requirements. Delivery of such
reports, information and documents is for informational purposes only and the Trustee’s receipt of such shall not constitute notice or constructive notice of any information contained therein or determinable from information contained therein.
Notwithstanding the foregoing, subject to the requirements of Section 314(a)(1) of the TIA, the Company will be deemed to have provided such information referred to herein to the Trustee if the Company has filed such information with the SEC
via the EDGAR filing system (or its successor system) and such reports and other information are publicly available. 
 Delivery
of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable form information
contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates as provided in Section 4.03). 
 SECTION 4.03. Compliance Certificate. 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 ended December 31, 2009) an Officers’ Certificate, stating whether or not, to the best knowledge of the signers thereof, the Company, as of the date of such Officers’ Certificate, is in
default in the performance or observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and if the Company shall be in default, specifying all such
Defaults and the nature and status thereof of which they may have knowledge. 
  

 -32- 

 The Company shall, so long as any of the Securities are outstanding, deliver to the Trustee,
forthwith upon becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 
 SECTION 4.04. 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. 
 SECTION 4.05. Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, The City of New York, an office or agency of the Trustee, Registrar, Paying Agent and
Conversion Agent where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer, exchange, purchase, redemption or conversion and where notices and demands to or upon the Company in
respect of the Securities and this Indenture may be served. The Corporate Trust Office of the Trustee shall initially be such office or agency for all of the aforesaid purposes. The Company shall give prompt written notice to the Trustee of the
location, and of any change in the location, of any such office or agency (other than a change in the location of the office of the Trustee). 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 address of the Trustee set forth in Section 12.02. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered
for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in
the Borough of Manhattan, the City of New York, for such purposes. 
 SECTION 4.06. Delivery of Certain Information. At
any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, upon the request of a Holder or any beneficial owner of Securities or holder or beneficial owner of Common Stock delivered upon conversion thereof, the Company
will promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such Holder or any beneficial owner of Securities or holder or beneficial owner of Common Stock, or to a prospective purchaser of any such security designated
by any such holder, as the case may be, to the extent required to permit compliance by such Holder or holder with Rule 144A under the Securities Act in connection with the resale of any such security. “Rule 144A Information” shall be such
information as is specified pursuant to Rule 144A(d)(4) under the Securities Act or any successor provisions. Whether a Person is a beneficial owner shall be determined by the Company to the Company’s reasonable satisfaction. 
 SECTION 4.07. Limitation on Incurrence of Additional Indebtedness. So long as at least $10,000,000 in aggregate Principal Amount of
Securities are outstanding, the Company will not, and will not permit any of its Significant Subsidiaries to, directly or indirectly, create, incur, assume, guarantee, acquire, become liable, contingently or otherwise, with respect to, or otherwise
become responsible for the payment of (collectively, “incur”) any Indebtedness (other than Permitted Indebtedness) at any time prior to the two (2) year anniversary of the date of this Indenture. 
  

 -33- 

 SECTION 4.08. Liquidated Damages. If at any time Liquidated Damages become payable by
the Company pursuant to the Registration Rights Agreement, the Company shall promptly deliver to the Trustee an Officers’ Certificate to that effect and stating (i) the amount of such Liquidated Damages that are payable and (ii) the
date on which such damages are payable pursuant to the terms of the Registration Rights Agreement. Unless and until a Responsible Officer of the Trustee receives such Officers’ Certificate, the Trustee may assume without inquiry that no
Liquidated Damages are payable. If the Company has paid Liquidated Damages directly to the Persons entitled to them, the Company shall deliver to the Trustee a certificate setting forth the particulars of such payment. 
 SECTION 4.09. Reverse Stock Split; Combination of Shares. The Company shall not implement or cause a reverse
stock split or a combination of its shares of Common Stock at any time prior to the 60th calendar day after the date of this Indenture. 
 SECTION 4.10. Existence.
Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence and rights (charter and statutory); provided, however, that the Company shall not be
required to preserve any such right if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the
Holders of the Securities. 
 ARTICLE V 
 SUCCESSOR CORPORATION 
 SECTION 5.01. When the Company May Merge or
Transfer Assets. The Company shall not consolidate with or merge with or into any other Person or convey, transfer or lease all or substantially all of its properties and assets to any Person, unless: 
 (a) (i) the Company shall be the resulting or surviving corporation or (ii) the Person (if other than the Company)
formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety (x) shall be a corporation organized and
validly existing under the laws of the United States or any State thereof or the District of Columbia, and (y) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the
Trustee, all of the obligations of the Company under the Securities, this Indenture and the Registration Rights Agreement; 
 (b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and 
 (c) the Company shall have delivered to the Trustee an Officers’ Certificate and, with respect to matters of law, an
Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with this Article V and that all
conditions precedent herein provided for relating to such transaction have been satisfied in all material respects. 
  

 -34- 

 For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise) of the
properties and assets of one or more Subsidiaries (other than to the Company or another Subsidiary), which, if such assets were owned by the Company would constitute all or substantially all of the properties and assets of the Company shall be
deemed to be the transfer of all or substantially all of the properties and assets of the Company. 
 SECTION 5.02. Successor
Corporation to be Substituted. The successor corporation formed by such consolidation or into which the Company is merged or the successor corporation to which such conveyance, transfer or lease is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein; and thereafter, except in the case of a lease and obligations the Company may have under a
supplemental indenture pursuant to Section 10.12, the Company shall be discharged from all obligations and covenants under this Indenture and the Securities. Subject to Section 9.06, the Company, the Trustee and the successor corporation
shall enter into a supplemental indenture (with endorsements of Guarantees thereon by the Guarantors) to evidence the succession and substitution of such successor corporation and such discharge and release of the Company. 
 ARTICLE VI 
 DEFAULTS AND REMEDIES 
 SECTION 6.01. Events of Default. Subject to the provisions set forth below in
this Section 6.01, an “Event of Default” occurs if: 
 (a) the Company defaults in the payment of
interest, if any, or Liquidated Damages, if any, payable on any Security when the same becomes due and payable and such default continues for a period of 30 days; 
 (b) the Company defaults in the payment of the Principal Amount or Fundamental Change Purchase Price on any Security when the
same becomes due and payable at its Stated Maturity, upon declaration, when due for purchase by the Company or otherwise; 
 (c) the Company fails to comply with any of its agreements in the Securities or this Indenture and such failure continues for 45 days; 
 (d) the Company fails to pay at final maturity (giving effect to any applicable grace periods and any extensions thereof) the
stated principal amount of any of the Company’s or its Subsidiaries’ indebtedness, or the acceleration of the final stated maturity of any such indebtedness (which acceleration is not rescinded, annulled or otherwise cured within 10 days
of receipt by the Company or such Subsidiary of notice of any such acceleration) if the aggregate principal amount of such indebtedness, together with the principal amount of any other such indebtedness in default for failure to pay principal at
final stated maturity or which has been accelerated (in each case with respect to which the 10-day period described above has elapsed), aggregates $10,000,000 or more at any time; 
  

 -35- 

 (e) the Company or a Significant Subsidiary of the Company fails to pay when
due any final, non-appealable judgments (other than any judgment as to which a reputable insurance company has accepted full liability) aggregating in excess of $15,000,000, which judgments are not stayed, bonded or discharged within 60 days after
their entry; 
 (f) the Company fails to issue Common Stock upon conversion of Securities by a Holder or upon a
Mandatory Conversion in accordance with the provisions of this Indenture and the Securities; 
 (g) any Guarantee
by a Guarantor that is a Significant Subsidiary shall for any reason cease to be, or be asserted by the Company or such Guarantor, as applicable, not to be, in full force and effect (except pursuant to the release of any such Guarantee in accordance
with the provisions of this Indenture); 
 (h) a court having jurisdiction in the premises shall enter a decree
or order for relief in respect of the Company or any Significant Subsidiary of the Company in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator,
assignee, custodian, trustee or sequestrator (or similar official) of the Company or for any substantial part of its property or ordering the winding up or liquidation of its affairs and such decree or order shall remain unstayed and in effect for a
period of 45 days; or 
 (i) the Company or any Significant Subsidiary of the Company shall commence a voluntary
case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a
receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or such Subsidiary of the Company or for any substantial part of its property or make any general assignment for the benefit of creditors.

 The Company shall deliver to the Trustee, within 10 days after it becomes aware of the occurrence thereof, written notice of
any event which with the giving of notice or the lapse of time, or both, would become an Event of Default under clause (c) or (d) above, its status and what action the Company is taking or proposes to take with respect thereto. 

SECTION 6.02. Defaults and Remedies. If an Event of Default (other than an Event of Default specified in Section 6.01(h) or
6.01(i) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in aggregate Principal Amount of the Securities at the time outstanding by notice to the Company and the Trustee, may
declare the Principal Amount of all the Securities plus accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, through the date of declaration to be immediately due and payable. Upon such a declaration, such Principal Amount
plus accrued and unpaid interest, if any, and Liquidated Damages, if any, shall become and be immediately due and payable subject to the provisions of Article XI. If an Event of Default specified in Section 6.01(h) or 6.01(i), solely with
respect to the Company, occurs and is continuing, the Principal

  

 -36- 

 
Amount of all the Securities plus accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon, shall become and be immediately due and payable without any declaration or other
act on the part of the Trustee or any Securityholder. 
 The Holders of a majority in principal amount of the Securities then
outstanding by notice to the Trustee may rescind an acceleration and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal of and accrued and unpaid interest, if any, and Liquidated Damages, if any,
on the Securities which has become due solely by such declaration of acceleration, have been cured or waived; (b) the Company has paid or deposited with the Trustee a sum in immediately available funds sufficient to pay (i) all overdue
interest, if any, and Liquidated Damages, if any, on the Securities, (ii) the principal of any Security which has become due otherwise then by such declaration of acceleration, and (iii) to the extent the payment of such interest is
lawful, interest on overdue installments of interest and Liquidated Damages, if any, and overdue principal, which has become due otherwise than by such declaration of acceleration; (c) the rescission would not conflict with any judgment or
decree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 7.07 have been made. No such rescission shall affect any subsequent Default or Event of Default or impair any
right consequent thereon. 
 SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee
may pursue any available remedy to collect the payment of the Principal Amount of all the Securities plus all accrued and unpaid interest, if any, and Liquidated Damages, if any, thereon or to enforce the performance of any provision of the
Securities or this Indenture. 
 The Trustee may maintain a proceeding even if the Trustee does not possess any of the
Securities or does not produce any of the Securities in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a
waiver of, or acquiescence in, the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 
 SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding, by notice in writing to the Trustee (and without notice to
any other Securityholder), may waive an existing Default and its consequences, except (a) an Event of Default described in Section 6.01(a) or 6.01(b), (b) a Default in respect of a provision that under Section 9.02 cannot be
amended without the consent of each Securityholder affected or (c) a Default which constitutes a failure to convert any Security in accordance with the terms of Article X. When a Default is waived, it is deemed cured, but no such waiver shall
extend to any subsequent or other Default or impair any consequent right. This Section 6.04 shall be in lieu of Section 316(a)1(B) of the TIA and such Section 316(a)1(B) is hereby expressly excluded from this Indenture, as permitted
by the TIA. 
 SECTION 6.05. Control by Majority. The Holders of a majority in aggregate Principal Amount of the
Securities at the time outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture or that the Trustee determines in good faith is unduly

  

 -37- 

 
prejudicial to the rights of other Securityholders or would involve the Trustee in personal liability unless the Trustee is offered indemnity satisfactory to it. This Section 6.05 shall be
in lieu of Section 316(a)1(A) of the TIA and such Section 316(a)1(A) is hereby expressly excluded from this Indenture, as permitted by the TIA. 
 SECTION 6.06. Limitation on Suits. A Securityholder may not pursue any remedy with respect to this Indenture or the Securities unless: 
 (a) the Holder gives to the Trustee written notice stating that an Event of Default is continuing; 
 (b) the Holders of at least 25% in aggregate Principal Amount of the Securities at the time outstanding make a written
request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders offer to the Trustee security or
indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply
with the request within 60 days after receipt of such notice, request and offer of security or indemnity; and 
 (e) the Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding do not give the Trustee a direction inconsistent with the request during such 60-day period. 
 A Securityholder may not use this Indenture to prejudice the rights of any other Securityholder or to obtain a preference or priority over
any other Securityholder. 
 SECTION 6.07. Rights of Holders to Receive Payment. Subject to the provisions of Article XI
hereof, notwithstanding any other provision of this Indenture, the right of any Holder to receive payment (provided, however, that without the prior written consent of a Holder affected thereby, payments to be made to such Holder in
shares of Common Stock cannot be made in cash in lieu of delivering such shares) of interest installments, Liquidated Damages, if any, the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions thereof)
subject to conversion in a Mandatory Conversion or a conversion at the option of the Holder that have not been converted in full as of such date in accordance with the terms and conditions of this Indenture and the Securities), Make Whole Premium,
Fundamental Change Purchase Price or interest, if any, due on overdue amounts in respect of the Securities held by such Holder, on or after the respective due dates expressed in the Securities, and to convert the Securities in accordance with
Article X, or to bring suit for the enforcement of any such payment on or after such respective dates or the right to convert, shall not be impaired or affected adversely without the consent of such Holder. 
 SECTION 6.08. Collection Suit by Trustee. If an Event of Default described in Section 6.01(a), 6.01(b) or 6.01(g) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount owing with respect to the Securities and the amounts provided for in Section 7.07. 
  

 -38- 

 SECTION 6.09. Trustee May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company, any Guarantor or any other obligor upon the Securities or the property of the Company, any
Guarantor or of such other obligor or their creditors, the Trustee (irrespective of whether interest installments, Liquidated Damages, if any, the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions
thereof) subject to conversion in a Mandatory Conversion or a conversion at the option of the Holder that have not been converted in full as of such date in accordance with the terms and conditions of this Indenture and the Securities), Make Whole
Premium, Fundamental Change Purchase Price or interest, if any, due on overdue amounts in respect of the Securities 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 on the Company or the Guarantors for the payment of any such amount) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (a) to file and prove a claim for any accrued and unpaid interest installments, Liquidated Damages, if any, the whole amount
of the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions thereof) subject to conversion in a Mandatory Conversion that have not been converted in full as of such date in accordance with the terms
and conditions of this Indenture and the Securities), Make Whole Premium, Fundamental Change Purchase Price or interest, if any, due on overdue amounts in respect of the Securities, and to file such other papers or documents as may be 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 or any other amounts due the Trustee under Section 7.07) and
of the Holders allowed in such judicial proceeding, and 
 (b) to collect and receive any moneys or other
property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial proceeding is hereby authorized by each Holder to make
such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. 
 Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 SECTION 6.10. Priorities.
If the Trustee collects any money pursuant to this Article VI, it shall pay out the money in the following order: 
 FIRST: to
the Trustee, its agents and its counsel for amounts due under Section 7.07; 
  

 -39- 

 SECOND: to Securityholders for amounts due and unpaid on the Securities for any accrued and
unpaid interest installments, Liquidated Damages, Restricted Interest, if any (to the extent not fully paid in shares of Common Stock), the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions thereof)
subject to conversion in a Mandatory Conversion or conversion at the option of a Holder that have not been converted in full as of such date in accordance with the terms and conditions of this Indenture and the Securities), Fundamental Change
Purchase Price, to the extent sufficient shares of Common Stock are not issued in respect thereof, the Make Whole Premium, or interest, if any, due on overdue amounts in respect of the Securities, as the case may be, ratably, without preference or
priority of any kind, according to such amounts due and payable on the Securities; and 
 THIRD: the balance, if any, to the
Company or the Guarantors or to such other party as a court of competent jurisdiction shall direct. 
 The Trustee may fix a
record date and payment date for any payment to Securityholders pursuant to this Section 6.10. At least 15 days before such record date, the Trustee shall mail to each Securityholder and the Company a notice that states the record date, the
payment date and the amount to be paid. 
 SECTION 6.11. Undertaking for Costs. 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, a court in its discretion may require the filing by any party litigant (other than the Trustee) in the suit of an undertaking
to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims
or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in aggregate Principal Amount of the Securities at the
time outstanding. This Section 6.11 shall be in lieu of Section 315(e) of the TIA and such Section 315(e) is hereby expressly excluded from this Indenture, as permitted by the TIA. 
 SECTION 6.12. Waiver of Stay, Extension or Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will
not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which would prohibit or
forgive the Company from paying all or any portion of any interest installment, Liquidated Damages, if any, the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions thereof) subject to conversion in a
Mandatory Conversion or conversion at the option of the Holder that have not been converted in full as of such date in accordance with the terms and conditions of this Indenture and the Securities), Make Whole Premium, Fundamental Change Purchase
Price or interest, if any, due on overdue amounts in respect of the securities, as contemplated herein, or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law and covenants that it will not 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. 
  

 -40- 

 ARTICLE VII 
 TRUSTEE 
 SECTION 7.01. Duties of Trustee.
(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under
the circumstances in the conduct of such person’s own affairs. 
 (b) Except during the continuance of an
Event of Default: 
 (i) the Trustee undertakes to perform such duties and only such duties that are specifically
set forth in this Indenture and no implied covenants or other obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions
furnished to the Trustee and conforming to the requirements of this Indenture, but in case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the
certificates and opinions to determine whether or not they conform to the requirements of this Indenture, but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein. 
 This Section 7.01(b) shall be in lieu of Section 3.15(a) of the TIA and such Section 315(a) is hereby
expressly excluded from this Indenture, as permitted by the TIA. 
 (c) The Trustee may not be relieved from
liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i) this paragraph (c) does not limit the effect of paragraph (b) of this Section 7.01; 
 (ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.05. 
 Sections 7.01(c)(i), (ii) and (iii) shall be
in lieu of Sections 315(d)(1), 315 (d) (2) and 315 (d) (3) of the TIA and such Sections 315 (d) (1), 315 (d) (2) and 315 (d) (3) are hereby expressly excluded from this Indenture, as permitted by the TIA.

  

 -41- 

 (d) Every provision of this Indenture that in any way relates to the Trustee
is subject to Sections 7.01(a), (b), (c) and (e) . 
 (e) The Trustee may refuse to perform any duty or
exercise any right or power or expend or risk its own funds or otherwise incur any financial liability unless it receives indemnity satisfactory to it against any loss, liability or expense. 
 (f) Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by
law. The Trustee (acting in any capacity hereunder) shall be under no liability for interest on any money received by it hereunder unless otherwise agreed in writing with the Company. 
 SECTION 7.02. Rights of Trustee. Subject to the provisions of Section 7.01, 
 (a) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document reasonably believed by it to be genuine and to have been signed or
presented by the proper party or parties, and the Trustee need not, and shall not be under any obligation to, investigate any fact or other matter stated in any such document; 
 (b) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith or negligence on its part, conclusively rely upon an Officers’
Certificate and/or an Opinion of Counsel; 
 (c) the Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents, attorneys, custodians or nominees and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent, attorney, custodian or nominee appointed with
due care by it hereunder; 
 (d) the Trustee shall not be liable for any action taken, suffered, or omitted to be
taken by it in good faith which it reasonably believes to be authorized or within its rights or powers conferred under this Indenture; 
 (e) the Trustee may consult with counsel selected by it and any advice or opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered or
omitted by it hereunder in good faith and in accordance with such advice or opinion of such counsel; 
 (f) 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 Holders, pursuant to the provisions of this Indenture, unless such Holders shall have
offered to the Trustee security or indemnity satisfactory to it against the costs, fees, expenses and liabilities which may be incurred therein or thereby; 
  

 -42- 

 (g) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Order and any resolution of the Board of Directors be sufficiently evidenced by a Board Resolution; 
 (h) 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, note, other evidence of indebtedness 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, during normal business hours and after reasonable prior notice to the Company, to examine the books, records and premises of the Company, personally or by agent or
attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 
 (i) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which
is in fact such a Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 
 (j) the rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder; 
 (k) the Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals
and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as
so authorized in any such certificate previously delivered and not superseded; and 
 (l) neither the Trustee nor
any of its officers, directors, employees or agents shall be liable for any action taken or omitted under this Indenture or in connection therewith except to the extent caused by the Trustee’s gross negligence or willful misconduct, as
determined by the final judgment of a court of competent jurisdiction, no longer subject to appeal or review. Anything in this Indenture to the contrary notwithstanding, in no event shall the Trustee be liable for special, indirect or consequential
loss or damage of any kind whatsoever (including but no 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. 
 (m) The Trustee shall not be required to give any bond or surety in respect of the performance of its duties hereunder.

  

 -43- 

 SECTION 7.03. Individual Rights of Trustee. The Trustee in its individual or any
other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, Conversion Agent or co-registrar may do
the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 
 SECTION 7.04. Trustee’s
Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use or application of the proceeds from the Securities, it shall not be
responsible for any statement in any registration statement for the Securities under the Securities Act or in any offering document for the Securities, the Indenture or the Securities (other than its certificate of authentication), or the
determination as to which beneficial owners are entitled to receive any notices hereunder. 
 SECTION 7.05. Notice of
Defaults. If a Default occurs and if it is actually known to a Responsible Officer or the Trustee, the Trustee shall give to each Securityholder notice of all current Defaults known to it within 90 days after any such Default occurs or, if
later, within 15 days after it is actually known to a Responsible Officer or the Trustee, unless such Default shall have been cured or waived before the giving of such notice. Notwithstanding the preceding sentence, except in the case of a Default
described in Sections 6.01(a) and 6.01(b), the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders. The second sentence
of this Section 7.05 shall be in lieu of the proviso to Section 315(b) of the TIA and such proviso is hereby expressly excluded from this Indenture, as permitted by the TIA. 
 SECTION 7.06. Reports by Trustee to Holders. Within 60 days after each May 15 beginning with the May 15 following the date
of this Indenture, the Trustee shall mail to each Securityholder a brief report dated as of such May 15 that complies with TIA Section 313(a), if required by such Section 313(a). The Trustee also shall comply with TIA
Section 313(b). 
 A copy of each report at the time of its mailing to Securityholders shall be filed with the SEC and each
securities exchange, if any, on which the Securities are listed. The Company agrees to notify the Trustee promptly in writing whenever the securities become listed on any securities exchange and of any delisting thereof. 
 SECTION 7.07. Compensation and Indemnity. The Company agrees: 
 (a) to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Company and the
Trustee shall from time to time agree in writing for all services rendered by it hereunder (which compensation shall not be limited (to the extent permitted by law) by any provision of law in regard to the compensation of a trustee of an express
trust); 
 (b) to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Trustee in accordance with any provision of this Indenture or any documents executed in connection herewith (including the reasonable compensation and the expenses, advances and disbursements of its agents and counsel),
except any such expense, disbursement or advance as may be attributable to its negligence or willful misconduct; and 
  

 -44- 

 (c) to indemnify the Trustee or any predecessor Trustee and their agents,
officers, directors and employees for, and to hold them harmless against, any and all loss, damage, claim, liability, cost or expense (including attorneys’ fees and expenses and taxes (other than taxes based upon, measured by or determined by
the income of the Trustee)) incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim
(whether asserted by the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee, except that
held in trust to pay interest installments, Liquidated Damages, if any, the Principal Amount (including, without limitation, the Principal Amount of any Securities (or portions thereof) subject to conversion in a Mandatory Conversion or a conversion
at the option of a Holder that have not been converted in full as of such date in accordance with the terms and conditions of this Indenture and the Securities), Fundamental Change Purchase Price or interest, if any, due on overdue amounts, or
shares of Common Stock to be issued with respect to any Mandatory Conversion, conversion at the election of any Holder, Restricted Interest or Make Whole Premium, as the case may be, in respect of any particular Securities (or portions thereof).

 The Company’s payment obligations pursuant to this Section 7.07 shall survive the discharge of this Indenture or
the earlier termination or resignation of the Trustee. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.01(e) or Section 6.01(f), the expenses, including the reasonable charges and expenses of its
counsel, are intended to constitute expenses of administration under any bankruptcy law. 
 SECTION 7.08. Replacement of
Trustee. The Trustee may resign by so notifying the Company; provided, however, that no such resignation shall be effective until a successor Trustee has accepted its appointment pursuant to this Section 7.08. The Holders of a
majority in aggregate Principal Amount of the Securities at the time outstanding may remove the Trustee by so notifying the Trustee and the Company. The Company shall remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10; 
 (b) the Trustee is adjudged bankrupt or insolvent; 
 (c) a receiver or public officer takes charge of the Trustee or its property; or 
 (d) the Trustee otherwise becomes incapable of acting. 
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint, by
resolution of its Board of Directors, a successor Trustee. 
  

 -45- 

 A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company satisfactory in form and substance to the retiring Trustee and the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor 
 Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its
succession to Securityholders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 
 If a successor Trustee does not take office within 30 days after the retiring Trustee gives its notice of resignation or is removed, the
retiring Trustee, the Company or the Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding may petition any court of competent jurisdiction at the expense of the Company for the appointment of a successor
Trustee. 
 If the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 SECTION 7.09. Successor Trustee by
Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including the administration of the trust created by this Indenture) to, another corporation, the
resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
 SECTION 7.10.
Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of TIA Section 310(a)(1). The Trustee (or its parent holding company) shall have a combined capital and surplus of at least $50,000,000 as set forth
in its most recent published annual report of condition. Nothing herein contained shall prevent the Trustee from filing with the SEC the application referred to in the penultimate paragraph of TIA Section 310(b). The Trustee shall comply with
TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other
securities of the Company are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met. 
 SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed
shall be subject to TIA Section 311(a) to the extent indicated therein. 
 ARTICLE VIII 
 DISCHARGE OF INDENTURE 
 SECTION 8.01. Discharge of Liability on Securities. When (i) the Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant to Section 2.07) for
cancellation or (ii) all outstanding Securities have become due and payable and

  

 -46- 

 
the Company deposits with the Trustee Cash, in immediately available funds, sufficient to pay all amounts due and owing on all outstanding Securities (other than Securities replaced pursuant to
Section 2.07), and if in either case the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 7.07, cease to be of further effect. The Trustee shall join in the execution of a document
prepared by the Company acknowledging satisfaction and discharge of this Indenture on demand at the cost and expense of the Company and accompanied by an Officers’ Certificate and Opinion of Counsel. 
 SECTION 8.02. Repayment to the Company. The Trustee and the Paying Agent shall return to the Company upon written request any money
held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, as applicable, Holders entitled to the money must look to the
Company for payment as general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Securityholders with respect to such money or securities for
that period commencing after the return thereof. 
 ARTICLE IX 
 AMENDMENTS 
 SECTION 9.01. Without Consent of
Holders. The Company and the Trustee together may amend or supplement this Indenture or the Securities without notice to or consent of any Securityholder or Guarantor: 
 (a) to comply with Article V or Section 10.12; 
 (b) to cure any ambiguity, omission, defect or inconsistency; 
 (c) to make provisions with respect to the conversion right of the Holders pursuant to the requirements of Section 10.12
and Section 10.01; 
 (d) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities; 
 (e) to reduce the Conversion Price; 
 (f) to make any changes that would provide the holders of Securities with any additional rights or benefits; 
 (g) to make any change that does not adversely affect the rights of any Holder; 
 (h) to effectuate the release of a Guarantor provided that such release is otherwise in accordance with this
Indenture; and 
 (i) to comply with the provisions of the TIA, or with any requirement of the SEC arising as a
result of the qualification of this Indenture under the TIA. 
  

 -47- 

 SECTION 9.02. With Consent of Holders. The Company, the Guarantors and the Trustee
may amend or supplement this Indenture or the Securities without notice to any Securityholder but with the written consent of the Holders of a majority in aggregate Principal Amount of the Securities then outstanding. The Holders of a majority in
aggregate Principal Amount of the Securities then outstanding may waive compliance by the Company with restrictive provisions of this Indenture other than as set forth in this Section 9.02 below, and waive any past Default under this Indenture
and its consequences, except a Default in the payment of the principal of or interest on any Security or in respect of a provision which under this Indenture cannot be modified or amended without the consent of the Holder of each outstanding
Security affected. 
 Subject to Section 9.04, without the written consent of each Securityholder affected, however, an
amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 
 (a) change the
Stated Maturity of the principal of, or any payment date of any installment of interest or Liquidated Damages, if any, on, any Security; 
 (b) reduce the principal amount of, the Make Whole Amount due in respect of, or the rate of interest or Liquidated Damages, if any, on, any Security, whether upon acceleration, redemption or otherwise, or
alter the manner of calculation of interest (including, without limitation, Restricted Interest and the rate of interest during the continuation of an Event of Default) or Liquidated Damages, if any, or the rate of accrual thereof on any Security;

 (c) change the currency for payment of principal of, or interest or Liquidated Damages, if any, on any
Security; 
 (d) impair the right to institute suit for the enforcement of any payment of principal of, or
interest or Liquidated Damages, if any, on, any Security when due; 
 (e) adversely affect the conversion rights
provided in Article X or with respect to any Mandatory Conversion, Make Whole Premium or issuance of shares of Common Stock in respect of Restricted Interest; 
 (f) modify the ranking of the Securities or any Guarantee in a manner adverse to the rights of the Holders of the Securities;

 (g) after the Company’s obligation to purchase the Securities hereunder, to convert the Securities in a
Mandatory Conversion or to issue shares in payment of the Make Whole Premium, amend, change or modify in any material respect in a manner adverse to the Holders of the Securities the obligation of the Company to make and consummate a Fundamental
Change offer in the event of a Fundamental Change or, after such Fundamental Change has occurred, modify any of the provisions of this Indenture with respect thereto, or modify any provisions relating to the issuance of shares in respect of a
Mandatory Conversion or Make Whole Premium after the Company has elected to make a Mandatory Conversion or the Holders have elected to

  

 -48- 

 
convert their Securities, in each case, with respect to such Securities selected for Mandatory Conversion by the Company or conversion by the Holders, as the case may be; 
 (h) reduce the percentage of principal amount of the outstanding Securities necessary to modify or amend this Indenture or to
consent to any waiver provided for in this Indenture; 
 (i) waive a Default in the payment of the principal
amount of, or interest or Liquidated Damages, if any, on, or the Fundamental Change Purchase Price in respect of, any Security (except as provided in Section 6.02); or 
 (j) make any changes in Section 6.04, Section 6.07 or this paragraph. 
 It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed
amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an
amendment under this Section 9.02 becomes effective, the Company shall mail to each Holder a notice briefly describing the amendment. Failure to mail the notice or a defect in the notice shall not effect the validity of the amendment.

 SECTION 9.03. Compliance with Trust Indenture Act. Every supplemental indenture executed pursuant to this Article IX
shall comply with the TIA. 
 SECTION 9.04. Revocation and Effect of Consents. Until an amendment, waiver or other action
by Holders becomes effective, a consent thereto by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same obligation as the consenting
Holder’s Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder’s Security or portion of the
Security if the Trustee receives the notice of revocation before the date the amendment, waiver or action becomes effective. After an amendment, waiver or action becomes effective, it shall bind every Securityholder. 
 SECTION 9.05. Notation on or Exchange of Securities. Securities authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article IX may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities so
modified as to conform, in the opinion of the Trustee and the Board of Directors of the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for
outstanding Securities. 
 SECTION 9.06. Trustee to Sign Supplemental Indentures. The Trustee shall sign any supplemental
indenture authorized pursuant to this Article IX if the amendment contained therein does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not, sign such supplemental indenture.
In signing such supplemental indenture the Trustee shall receive, and (subject to the provisions of Section 7.01)

  

 -49- 

 
shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture, and, solely with
respect to such Officer’s Certificate stating that all conditions precedent to the execution of such amendment have been met. 
 SECTION 9.07. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article IX, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of
this Indenture for all purposes, and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 ARTICLE X 
 CONVERSIONS 
 SECTION 10.01. Conversion Privilege. Subject to the limitations on conversion set forth in Section 10.16 of this Indenture and
paragraph 8 of the Security, a Holder of a Security may convert such Security into Common Stock (the shares of Common Stock issuable upon such conversion, the “Conversion Shares”), at the Conversion Price then in effect. 

The number of shares of Common Stock issuable upon conversion of a Security shall be determined by the Company by dividing the principal
amount of the Security or portion thereof surrendered for conversion by the Conversion Price in effect on the Conversion Date. The initial Conversion Price is set forth in paragraph 8 of the Securities and is subject to adjustment as provided in
this Article X. 
 A Holder may convert the principal amount of a Security equal to $1,000 or any integral multiple thereof.
Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of $1,000 principal amount or multiples thereof of less than all of a Security. 
 If a Security is subject to Mandatory Conversion pursuant to Article III, the right to convert such Security shall terminate at the close of
business on the second Business Day before the Mandatory Conversion Date for such Security (unless the Company shall default in delivering the shares required to be delivered in connection with such Mandatory Conversion to the Conversion Agent as
required pursuant to the terms of this Indenture and the Securities, in which case the conversion right shall terminate on the date such default is cured and such Security is converted pursuant to such Mandatory Conversion). A Security in respect of
which a Holder has delivered a Fundamental Change Purchase Notice pursuant to Section 3.07 exercising the option of such Holder to require the Company to repurchase such Security may be converted only if such Fundamental Change Purchase Notice
is withdrawn by a written notice of withdrawal delivered to the Paying Agent prior to the close of business on the Business Day prior to the close of business on the Fundamental Change Purchase Date in accordance with Section 3.08. 

A Holder of Securities is not entitled to any rights of a holder of Common Stock until such Holder has converted its Securities into
Common Stock and, upon such conversion, only to the extent such Securities are deemed to have been converted into Common Stock pursuant to this Article X. 
  

 -50- 

 Upon conversion of the Securities by a Holder pursuant to this Article X
or pursuant to a Mandatory Conversion at the option of the Company pursuant to paragraph 5 of the Securities, the Company shall also pay to such Holder a make whole premium (“Make Whole Premium”) on each Security converted equal to the sum
of undiscounted interest that would have been paid on the principal amount of such Security from the last date interest was paid on such Security immediately prior to such conversion or Mandatory Conversion, as the case may be, through and including
the Stated Maturity as though such Security had remained outstanding through the Stated Maturity. The Make Whole Premium will be payable in shares of Common Stock at a price per share of Common Stock (the “Make Whole Premium Conversion
Price”) equal to 95% of the simple arithmetic average of the Weighted Average Price of the shares of Common Stock (as reported by Bloomberg) for each of the, (x) with respect to a conversion other than a Mandatory Conversion, five
(5) consecutive Trading Days ending on the second (2nd) Trading Day immediately preceding the date of such conversion, and (y) with respect to a Mandatory Conversion, 10 consecutive Trading Days ending on the second (2nd) Trading Day immediately preceding such Mandatory Conversion Date; provided that in no event shall the
Make Whole Premium Conversion Price be less than $0.38 per share of Common Stock (as appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction) or greater than the Conversion Price then in effect;
provided, further, that for the purposes hereof, the number of shares of Common Stock issuable with respect to the Make Whole Premium will be subject to the limitations set forth in Section 10.16 and in paragraph 8 of the
Security. 
 SECTION 10.02. Conversion Procedure. To convert a Security, a Holder must satisfy the requirements in
paragraph 8 of the Securities and (i) complete and manually sign the conversion notice on the back of the Security and deliver such notice to the Conversion Agent, (ii) surrender the Security to the Conversion Agent, (iii) furnish
appropriate endorsements and transfer documents if required by the Registrar or the Conversion Agent, (iv) pay any transfer or other tax, if required by Section 10.04 and (v) if the Security is held in book-entry form, complete and
deliver to the Depositary appropriate instructions pursuant to the Depositary’s book-entry conversion programs. The date on which the Holder satisfies all of the foregoing requirements is the “Conversion Date”. As soon as practicable,
but in no event more than three (3) Business Days, after the Conversion Date, the Company shall deliver to the Holder through the Conversion Agent a book-entry notation of the number of whole shares of Common Stock issuable upon the conversion.

 The person in whose name the certificate is registered shall be deemed to be a stockholder of record on the Conversion Date;
provided, however, that no surrender of a Security on any date when the stock transfer books of the Company shall be closed shall be effective to constitute the person or persons entitled to receive the shares of Common Stock upon such
conversion as the record holder or holders of such shares of Common Stock on such date, but such surrender 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; provided, further, that such conversion shall be at the Conversion Price in effect on the date that such

  

 -51- 

 
Security shall have been surrendered for conversion, as if the stock transfer books of the Company had not been closed. Upon conversion of a Security, such person shall no longer be a Holder of
such Security. 
 No payment or adjustment will be made for accrued interest, if any, or Liquidated Damages, if any, on a
converted Security (except with respect to the payment of the Make Whole Premium) or for dividends or distributions on shares of Common Stock issued upon conversion of a Security (provided that the shares of Common Stock received upon
conversion of Securities shall continue to accrue Liquidated Damages, as applicable, in accordance with the Registration Rights Agreement and shall be entitled to receive, at the next interest payment date, any accrued and unpaid Liquidated Damages
with respect to the converted Securities), but if any Holder surrenders a Security for conversion between the record date for the payment of an installment of interest and the next interest payment date, then, notwithstanding such conversion, the
interest or Liquidated Damages, if any, payable on such interest payment date shall be paid to the Holder of such Security on such record date. In such event, such Security, when surrendered for conversion, must be accompanied by delivery of a check
payable to the Conversion Agent in an amount equal to the interest or Liquidated Damages, if any, payable on such interest payment date on the portion so converted. If such payment does not accompany such Security, the Security shall not be
converted; provided, however, that no such check shall be required if such Security is subject to a Mandatory Conversion on a Mandatory Conversion Date within the period between and including such record date and such interest payment
date, or if such Security is surrendered for conversion on the interest payment date. If the Company defaults in the payment of interest or Liquidated Damages, if any, payable on the interest payment date, the Conversion Agent shall repay such funds
to the Holder. The Conversion Rate, Conversion Price and the Make Whole Premium shall be calculated by the Company and communicated to the Trustee in the form of an Officers’ Certificate. 
 If a Holder converts more than one Security at the same time, the number of shares of Common Stock issuable upon the conversion shall be
based on the aggregate principal amount of Securities converted. 
 Upon surrender of a Security that is converted in part, the
Company shall execute, and the Trustee shall authenticate and deliver to the Holder, a new Security equal in principal amount to the unconverted portion of the Security surrendered. 
 SECTION 10.03. Adjustments Below Par Value. Before taking any action which would cause an adjustment decreasing the Conversion Price
so that the shares of Common Stock issuable upon conversion of the Securities would be issued for less than the par value of such Common Stock, the Company will take all corporate action which may be necessary in order that the Company may validly
and legally issue fully paid and nonassessable shares of such Common Stock at such adjusted Conversion Price. 
 SECTION 10.04.
Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon such conversion. However, the Holder shall pay any such tax
which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates representing the

  

 -52- 

 
Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which 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. 
 SECTION 10.05. Company to Provide Stock. The Company shall, prior to issuance of any Securities hereunder, and from time to time as may be necessary, reserve, out of its authorized but unissued Common Stock a sufficient number of
shares of Common Stock to permit the conversion of all outstanding Securities for shares of Common Stock and the issuance of shares in connection with the Make Whole Premium and the payment of Restricted Interest; provided, however,
that the Company shall not be required to reserve an amount of shares in excess of the limitation set forth in Section 10.16 to the extent such limitation is then applicable. The shares of Common Stock or other securities issued upon conversion
of Securities bearing a Legend as provided in Section 2.06(f) shall bear a legend substantially in the following form: 
 “THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE OFFERED, SOLD
OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5
OF THE SECURITIES ACT. 
 THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR AN ACCREDITED INVESTOR (AS DEFINED IN RULE 501
UNDER THE SECURITIES ACT) IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (III) PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.” 
 No
fractional shares of Common Stock shall be issued upon conversion of Securities. If more than one Security shall be surrendered for conversion at one time by the same holder, the number of full shares which shall be issuable upon conversion shall be
computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted hereby) so surrendered, with any fractional share of Common Stock that would have been issuable upon the conversion of
any Security or Securities, rounded up to the nearest whole share of Common Stock. 
  

 -53- 

 The Company covenants that all shares of Common Stock delivered upon conversion of the
Securities shall be newly issued shares or treasury shares, shall be duly authorized, validly issued, fully paid and non-assessable and shall be free from preemptive rights and free of any lien or adverse claim. 
 The Company will endeavor promptly to comply with all federal and state securities laws regulating the offer and delivery of shares of
Common Stock upon conversion of Securities, if any, and will list or cause to be approved for listing or included for quotation, as the case may be, such shares of Common Stock on each national securities exchange or in the over-the-counter market
or such other market on which the Common Stock is then listed or quoted. 
 SECTION 10.06. Adjustment of Conversion Rate.
The conversion rate (the “Conversion Rate”) shall be the initial conversion rate set forth in paragraph 8 of the form of Security attached hereto as Exhibit A-1 and shall be adjusted from time to time by the Company if any of
the following events occurs: 
 (a) If the Company, at any time or from time to time while any of the Securities
are outstanding, 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, then the Conversion Rate will be adjusted based on the following
formula 
  

									
		 	CR’=	 	 CR0xOS’
	  		  	
		 	 	OS0	  		  	

 where 
  

					
	CR0	 	=	  	the Conversion Rate in effect immediately prior to the Ex-Date of such dividend or distribution, or the effective date of such share split or share combination, as
applicable;
			
	CR’	 	=	  	the Conversion Rate in effect immediately after such Ex-Date or effective date;
			
	OS0	 	=	  	the number of shares of Common Stock outstanding immediately prior to such Ex-Date or effective date; and
			
	OS’	 	=	  	the number of shares of Common Stock outstanding immediately after such Ex-Date or effective date.

 Such adjustment shall become effective immediately after the opening of business on
the day following the record date for such dividend or distribution, or the date fixed for determination for such share split or share combination. If any dividend or distribution of the type described in this Section 10.06(a) is declared but
not so paid or made, the Conversion Rate shall again be adjusted to the Conversion Rate which would then be in effect if such dividend or distribution had not been declared. 
  

 -54- 

 (b) If the Company, at any time or from time to time while any of the
Securities are outstanding, issues to all holders of 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 Common Stock for the 10 consecutive Trading Day period ending on the Business Day immediately preceding the date of announcement of such issuance, the Conversion Rate shall be adjusted based on the following formula
(provided that the Conversion Rate will be readjusted to the extent such rights or warrants are not exercised prior to their expiration): 
  

							
		 	CR’= CR0 x	 	 OS0 + X
	  	
		 	 	OS0 + Y	  	

 where 
  

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

 To the extent such rights or warrants are not exercised prior to
their expiration or termination, the Conversion Rate shall be readjusted to the Conversion Rate which would then be in effect had the adjustments made upon the issuance of such rights or warrants been made on the basis of the delivery of only the
number of shares of Common Stock actually delivered. In the event that such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate which would then be in effect if the date fixed for the
determination of stockholders entitled to receive such rights or warrants had not been fixed. In determining whether any rights or warrants entitle the holders to subscribe for or purchase shares of Common Stock at less than the average of the Last
Reported Sale Prices of Common Stock for the 10 consecutive Trading Day period ending on the Business Day immediately preceding the date of announcement of such issuance, and in determining the aggregate offering price of such shares of Common
Stock, there shall be taken into account any consideration received for such rights or warrants and the value of such consideration, if other than cash, as shall be determined in good faith by the Board of Directors of the Company. 
  

 -55- 

 For the purposes of this Section 10.06(b), rights or warrants
distributed by the Company to all holders of Common Stock entitling them to subscribe for or purchase shares of the Company’s Capital Stock (either initially or under certain circumstances), which rights or warrants, until the occurrence of a
specified event or events (a “Trigger Event”): (i) are deemed to be transferred with such shares of Common Stock; (ii) are not exercisable; and (iii) are also issued in respect of future issuances of Common Stock, shall be
deemed not to have been distributed for purposes of this Section 10.06(b), (and no adjustment to the Conversion Rate under this Section 10.06(b) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights
and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this Section 10.06(b). If any such right or warrant, including any such existing rights or
warrants distributed prior to the date of this Indenture, are subject to events, upon the occurrence of which such rights or warrants become exercisable to purchase different securities, evidences of Indebtedness or other assets, then the date of
the occurrence of any and each such event shall be deemed to be the date of distribution and record date with respect to new rights or warrants with such rights (and a termination or expiration of the existing rights or warrants without exercise by
any of the holders thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted
for purposes of calculating a distribution amount for which an adjustment to the Conversion Rate under this Section 10.06(b) was made, (x) in the case of any such rights or warrants which shall all have been redeemed or purchased without
exercise by any holders thereof, the Conversion Rate shall be readjusted upon such final purchase 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
purchase price received by a holder of Common Stock with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all applicable holders of Common Stock as of the date of such redemption or purchase,
and (y) in the case of such rights or warrants which shall have expired or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not been issued. 
 (c) If the Company, at any time or from time to time while the Securities are outstanding, distributes shares of any class of
Capital Stock of the Company, evidences of Indebtedness or other assets or property of the Company to all holders of its Common Stock, excluding: (i) dividends or distributions referred to in Section 10.06(a); (ii) rights or warrants
referred to in Section 10.06(b); (iii) dividends or distributions paid exclusively in cash; and (iv) Spin-Offs (as defined below) to which the provisions set forth below in this Section 10.06(c) shall apply; then the Conversion
Rate will be adjusted based on the following formula: 
  

									
		 	CR’= CR0 x	 	 SP0
	  		  	
		 	 	SP0 – FMV	  		  	

  

 -56- 

 where 
  

					
	CR0	 	=	  	the Conversion Rate in effect immediately prior to the Ex-Date for such distribution;
			
	CR’	 	=	  	The Conversion Rate in effect immediately after such Ex-Date;
			
	SP0	 	=	  	the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading-Day period ending on the Business Day immediately preceding the Ex-Date for such
distribution; and
			
	FMV	 	=	  	the Fair Market Value (as determined by the Board of Directors of the Company) of the shares of Capital Stock, evidences of Indebtedness, assets or property distributed with respect
to each outstanding share of the Common Stock on the Record Date for such distribution.

 Such adjustment shall become effective immediately prior to the
opening of business on the day following the record date for such distribution. If the Board of Directors of the Company determines the Fair Market Value of any distribution for purposes of this Section 10.06(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 average of the Last Reported Sale Prices of the Common Stock. 
 With respect to an adjustment pursuant to this Section 10.06(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 (a “Spin-Off”), the Conversion Rate in effect immediately before 5:00
p.m., New York City time, on the effective date of the Spin-Off shall be increased based on the following formula: 
  

									
		 	CR’= CR0 x	 	 FMV0 + MP0
	  		  	
		 	 	MP0	  		  	

 where 
  

					
	CR0	 	=	  	the Conversion Rate in effect immediately prior to the effective date of the adjustment;
			
	CR’	 	=	  	the Conversion Rate in effect immediately after the effective date of the adjustment;
			
	FMV0	 	=	  	the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of Common Stock applicable to one share of Common Stock over the
first ten consecutive Trading Day period after the effective date of the Spin-Off; and

  

 -57- 

					
	MP0	 	=	  	the average of the Last Reported Sale Prices of Common Stock over the first ten consecutive Trading Day period after the effective date of the Spin-Off.

 The adjustment to the Conversion Rate under the preceding paragraph
will occur on the tenth Trading Day from, and including, the effective date of the Spin-Off; provided that in respect of any conversion within the 10 Trading Days following the effective date of any Spin-Off, references within this
Section 10.06(c) to “10 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.

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

									
		 	CR’= CR0 x	 	 SP0
	  		  	
		 	 	SP0 – C	  		  	

 where 
  

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

 (e) If the Company or any Subsidiary makes a payment in respect of a
tender offer or exchange offer for Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of Common Stock exceeds the Last Reported Sale Price per share of 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: 
  

									
		 	CR’= CR0 x	 	 AC + (SP’ x OS’)
	  		  	
		 	 	OS0 x SP’	  		  	

  

 -58- 

 where 
  

					
	 CR0
	  	=	  	the Conversion Rate in effect on the date the tender or exchange offer expires;
			
	 CR’
	  	=	  	the Conversion Rate in effect on the day next succeeding the date the tender or exchange offer expires;
			
	 AC
	  	=	  	the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares purchased in such tender or exchange
offer;
			
	 OS0
	  	=	  	the number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer expires;
			
	 OS’
	  	=	  	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 10 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 this Section 10.06(e) shall occur 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 the 10 Trading Days beginning on the Trading Day next succeeding the
date the tender or exchange offer expires, references within this Section 10.06(e) to “10 days” shall be deemed replaced with such lesser number of Trading Days as have elapsed between the Trading Day next succeeding the date the
tender or exchange offer expires 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 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 had not been made. 
 (f) As used in this Section 10.06, “Ex-Date” shall mean the first date on which the shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the
issuance or distribution in question. 
 (g) For purposes of this Section 10.06, “record date”
shall mean, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock 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

  

 -59- 

 
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 of the Company or by statute, contract or otherwise). 
 (h) All calculations under this
Article X shall be made by the Company. 
 (i) For purposes of this Section 10.06, the number of shares
of Common Stock at any time outstanding shall not include shares held in the treasury of the Company so long as the Company does not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company, but shall
include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. 
 (j) Notwithstanding the foregoing, if the application of the foregoing formulas would result in a decrease in the Conversion Rate (other than as a result of a reverse stock split or a stock combination), no adjustment to the Conversion Rate
(or the Conversion Price) shall be made. 
 (k) In any case in which this Section 10.06 shall require that
an adjustment be made immediately following a record date established for purposes of Section 10.06, the Company may elect to defer (but only until five Business Days following the filing by the Company with the Trustee of the certificate
described in Section 10.06) issuing to the holder of any Security converted after such record date the shares of Common Stock and other Capital Stock of the Company issuable upon such conversion over and above the shares of Common Stock and
other Capital Stock of the Company issuable upon such conversion only on the basis of the Conversion Price prior to adjustment; and, in lieu of the shares the issuance of which is so deferred, the Company shall issue or cause its transfer agents to
issue due bills or other appropriate evidence of the right to receive such shares. 
 (l) If after an adjustment
a Holder of a Security upon conversion of such Security may receive shares of two or more classes of Capital Stock of the Company, the Conversion Price shall thereafter be subject to adjustment upon the occurrence of an action taken with respect to
any such class of Capital Stock as is contemplated by this Article X with respect to the Common Stock, on terms comparable to those applicable to Common Stock in this Article X. 
 (m) Company shall not take any action which would result in a change in the Conversion Rate (and the proportionate change in
the limitation on the issuance of shares of Common Stock in respect of the Securities pursuant to Section 10.16), unless the Company can thereafter issue shares of Common Stock up to such the limitation set forth in Section 10.16 as so
adjusted without violating a rule or regulation of the Principal Market on which the Common Stock is then listed. 
  

 -60- 

 SECTION 10.07. No Adjustment. 
 (a) No adjustment to the Conversion Rate (or the Conversion Price) will be required unless the adjustment
would require an increase or decrease of at least 1% of the Conversion Rate. If the adjustment is not made because the adjustment does not change the Conversion Rate by at least 1%, then the adjustment that is not made will be carried forward and
taken into account in any future adjustment. All calculations under this Article X will be made to the nearest cent or to the nearest 1/1,000th of a share of Common Stock, as the case may be. 
 (b) No adjustment to the Conversion Rate shall be made pursuant to Section 10.06 if the Holders of the Securities may
participate in the transaction (based on the Conversion Rate or the Conversion Price) that would otherwise give rise to an adjustment pursuant to Section 10.06 without having to convert their Securities; provided that an adjustment shall
be made at such time as the Holders are no longer entitled to participate. 
 (c) Notwithstanding anything to the
contrary in this Article X, no adjustment to the Conversion Rate (or the Conversion Price) shall be made: 
 (i)
upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of
Common Stock under any plan; 
 (ii) upon the issuance of any shares of Common Stock or options or rights to
purchase those shares pursuant to any present or future employee, director or consultant benefit plan or program of or assumed by the Company or any Subsidiary; 
 (iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or
convertible security not described in clause (ii) above outstanding as of the date of this Indenture; 
 (iv) for a change in the par value of the Common Stock or a change to no par value of the Common Stock; 
 (v) for accrued and unpaid interest, including Liquidated Damages, if any; or 
 (vi) to the extent that
the Securities become convertible into cash in accordance with the terms and conditions of this Indenture and the Securities, no adjustment need be made thereafter as to the cash, and interest will not accrue on the cash. 
 (d) No adjustment to the Conversion Rate (or the Conversion Price) shall be made for the Company’s issuance of Common
Stock or securities convertible into or exchangeable for shares of Common Stock or rights to purchase Common Stock or convertible or exchangeable securities, other than as provided in this Article X. 
  

 -61- 

 SECTION 10.08. Equivalent Adjustments. In the event that, as a result of an
adjustment made pursuant to Section 10.06 above, the Holder of any Security thereafter surrendered for conversion shall become entitled to receive any shares of Capital Stock of the Company other than shares of its Common Stock, thereafter the
Conversion Rate (and the Conversion Price) for such other shares so receivable upon conversion of any Securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with
respect to Common Stock contained in this Article X. 
 SECTION 10.09. Adjustment for Tax Purposes. The Company shall be
entitled to make such increases in the Conversion Rate (and resulting reductions in the Conversion Price), in addition to any adjustments made pursuant to Section 10.06, as the Board of Directors of the Company considers to be advisable in
order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities, or a distribution or securities convertible into or exchangeable for shares of Common Stock or other Capital Stock hereafter made by the
Company to its stockholders shall not be taxable or such tax shall be diminished. 
 SECTION 10.10. Notice of Adjustment.
Whenever the Conversion Rate (or the Conversion Price) is adjusted, the Company shall promptly file with the Trustee and any Conversion Agent an Officers’ Certificate setting forth the Conversion Rate and the Conversion Price after such
adjustment and setting forth a brief statement of the facts requiring such adjustment and file a Current Report on Form 8-K with the SEC to disclose such adjustment and such statement. 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 the Conversion Price and may assume without inquiry that the last Conversion Rate and Conversion Price 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 and the Conversion Price setting forth the adjusted Conversion Rate and the adjusted
Conversion Price and the date on which each adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate and the Conversion Price to each Securityholder at such Holder’s last address appearing on the list of
Securityholders provided for in Section 2.05, within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of any such adjustment. 
 SECTION 10.11. Notice of Certain Transactions. In case: 
 (a) the Company shall declare a dividend (or any other distribution) on its Common Stock (other than in cash out of retained
earnings); or 
 (b) the Company shall authorize the granting to the holders of its Common Stock of rights,
warrants or options to subscribe for or purchase any share of any class or any other rights, warrants or options; 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

  

 -62- 

 
in par value, or from par value to no par value, or from no par value to par value), or of any consolidation, merger, or share exchange 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 the Conversion Agent and to be mailed to each Holder of Securities at its address appearing on the list provided for in Section 2.05, as promptly as possible but in any event at
least fifteen days prior to the applicable date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution or rights, warrants or options, or, if a record is not to be
taken, the date as of which the holders of Common Stock of record to be entitled to such dividend, distribution or rights are to be determined, or (y) the date on which such reclassification, consolidation, merger, share exchange, 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, share exchange, 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, share exchange, transfer, dissolution, liquidation or winding-up. 
 SECTION 10.12. Effect of Reclassification, Consolidation, Merger, Share Exchange or Sale on Conversion Privilege. If any of the following shall occur, namely: (i) any reclassification or
change of outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination); (ii) any consolidation, combination, merger
or share exchange to which the Company is a party other than a merger in which the Company is the continuing corporation and which does not result in any reclassification of, or change (other than a change in name, or par value, or from par value to
no par value, or from no par value to par value, or as a result of a subdivision or combination) in, outstanding shares of Common Stock; or (iii) any sale or conveyance of all or substantially all of the assets of the Company, then the Company,
or such successor or purchasing corporation, as the case may be, shall, as a condition precedent to such reclassification, change, consolidation, merger, share exchange, sale or conveyance, execute and deliver to the Trustee a supplemental indenture
providing that the Holder of each Security then outstanding shall have the right to convert such Security into the kind and amount of shares of Capital Stock and other securities and property (including cash) receivable upon such reclassification,
change, consolidation, merger, share exchange, sale or conveyance by a holder of the number of shares of Common Stock deliverable upon conversion of such Security immediately prior to such reclassification, change, consolidation, merger, share
exchange, sale or conveyance. Such supplemental indenture shall provide for adjustments of the Conversion Price which shall be as nearly equivalent as may be practicable to the adjustments of the Conversion Price provided for in this Article X. If,
in the case of any such consolidation, merger, share exchange, sale or conveyance, the stock or other securities and property (including cash)

  

 -63- 

 
receivable thereupon by a holder of Common Stock includes shares of Capital Stock or other securities and property of a corporation other than the successor or purchasing corporation, as the case
may be, in such consolidation, merger, share exchange, 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
Securities as the Board of Directors of the Company shall reasonably consider necessary by reason of the foregoing. The provision of this 
 Section 10.12 Conversion Procedure. shall similarly apply to successive consolidations, mergers, share exchanges, sales or conveyances. Notwithstanding the foregoing, a distribution by the
Company to all holders of its Common Stock for which an adjustment to the Conversion Price or provision for conversion of the Securities may be made pursuant to Section 10.06 shall not be deemed to be a sale or conveyance of all or
substantially all of the assets of the Company for purposes of this Section 10.12. 
 In the event the Company shall
execute a supplemental indenture pursuant to this Section 10.12, the Company shall promptly file with the Trustee an Opinion of Counsel stating that such supplemental indenture is authorized or permitted by this Indenture and an Officers’
Certificate briefly stating the reasons therefor, the kind or amount of shares of stock or securities or property (including cash) receivable by Holders of the Securities upon the conversion of their Securities after any such reclassification,
change, consolidation, merger, share exchange, sale or conveyance, any adjustment to be made with respect thereto and that all conditions precedent have been complied with. 
 SECTION 10.13. Trustee’s Disclaimer. The Trustee has no duty to determine any calculations in this Article X nor shall it have
any duty to determine when an adjustment under this Article X should be made, how it should be made or what such adjustment should be made, but may accept as conclusive evidence of the correctness of any such adjustment, and shall be protected in
relying upon, the Officers’ Certificate with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 10.10. The Trustee shall not be accountable for and makes no representation as to the validity or
value of any securities or assets issued upon conversion of Securities, and the Trustee shall not be responsible for the Company’s failure to comply with any provisions of this Article X. Each Conversion Agent (other than the Company or an
Affiliate of the Company) shall have the same protection under this Section 10.13 as the Trustee. 
 The Trustee shall not
be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture executed pursuant to Section 10.12, but may accept as conclusive evidence of the correctness thereof, and shall be protected in
relying upon, the Officers’ Certificate with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 10.12. 
 SECTION 10.14. Voluntary Increase of the Conversion Rate. The Company from time to time may increase the Conversion Rate (and thereby reduce the Conversion Price) by any amount for a period of at
least 20 days and the Board of Directors of the Company shall have made a determination that such increase would be in the best interests of the Company, which determination shall be conclusive. Whenever the Conversion Rate is increased (and the

  

 -64- 

 
Conversion Price reduced) pursuant to this Section 10.14, a notice of the increase in the Conversion Rate and resulting decrease in the Conversion Price must be disclosed in accordance with
Section 10.10 and must be mailed to Holders at least 15 days prior to the date the increased Conversion Rate and decreased Conversion Price takes effect, which notice shall state the increased Conversion Rate, the decreased Conversion Price and
the period during which such Conversion Rate and Conversion Price will be in effect. 
 SECTION 10.15. Simultaneous
Adjustments. If more than one event requiring adjustment pursuant to this Article X shall occur before completing the determination of the Conversion Rate and the Conversion Price for the first event requiring such adjustment, then the
Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Rate (and the calculation thereof) after giving effect to all such events as shall preserve for Securityholders the
Conversion Rate and Conversion Price protection provided in this Article X. 
 SECTION 10.16. Limitation on Conversion
and Issuance of Shares. Notwithstanding anything to the contrary set forth in this Indenture or in the Securities, the maximum number of shares of Common Stock which can be issued in respect of the Securities upon conversion (whether pursuant to
Article X or upon a Mandatory Conversion), Restricted Interest, Make Whole Premium or otherwise shall be limited to 201,880,000 shares of Common Stock in the aggregate for $70,000,000 in aggregate Principal Amount of Securities as of the date
of this Indenture. The limitation set forth in this Section 10.16 shall be adjusted to reflect any adjustments in the Conversion Rate to be made in accordance with this Article X, and shall apply pro rata to all Securities issued under this
Indenture. To the extent any shares of Common Stock are restricted from being issued to a Securityholder in respect of such limitation, the Securityholder shall not receive any cash or other consideration in lieu of such shares. This limitation
shall terminate and cease to be of force and effect if the holders of the Common Stock of the Company approve the termination of such limitation. The Company covenants and agrees to disclose in its Quarterly Reports on Form 10-Q and its Annual
Report on Form 10-K to be filed with the SEC from and after the date of this Indenture so long as any Securities remain outstanding, which disclosure will set forth the then outstanding aggregate principal amount of the Securities and the
maximum number of shares of Common Stock which may be issued in connection therewith after taking into account any conversions of Securities and the payment of Restricted Interest and the Make Whole Premium as of the end of the fiscal period to
which such report relates and, to the extent available, as of a more recent date for which such information is available at the time such report is filed with the SEC. 
 ARTICLE XI 
 GUARANTEES 
 SECTION 11.01. Guarantees. 
 (a) For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Guarantors hereby jointly and severally and irrevocably and unconditionally guarantees to
the Trustee and to each Holder of a Security authenticated and delivered by the Trustee irrespective of the validity or enforceability of this Indenture or the Securities or the Obligations of the Company and

  

 -65- 

 
the Guarantors under this Indenture, that: (i) the principal of, premium, if any, and any interest on the Securities (including, without limitation, any interest that accrues after the
filing of a proceeding of the type described in Sections 6.01(e) and (f), Restricted Interest and Make Whole Premium), Liquidated Damages, if any, on the Securities and any fees, expenses and other amounts owing under this Indenture will be duly and
punctually paid in full when due, whether at Stated Maturity, by acceleration, call for Mandatory Conversion, upon a Fundamental Change Offer, purchase or otherwise, and interest on the overdue principal and (to the extent permitted by law)
interest, if any, on the Securities and any other amounts due in respect of the Securities, and all other Obligations of the Company and the Guarantors to the Holders of the Securities under this Indenture and the Securities, whether now or
hereafter existing, will be promptly paid in full or performed, all strictly in accordance with the terms hereof and of the Securities; and (ii) in case of any extension of time of payment or renewal of any Securities or any of such other
Obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration, call for Mandatory Conversion, upon a Fundamental Change Offer, purchase
or otherwise. If payment is not made when due of any amount so guaranteed for whatever reason, each Guarantor shall be jointly and severally obligated to pay the same individually whether or not such failure to pay has become an Event of Default
which could cause acceleration pursuant to Section 6.02. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. An Event of Default under this Indenture or the Securities shall constitute an Event of
Default under this Guarantee, and shall entitle the Holders to accelerate the Obligations of each Guarantor hereunder in the same manner and to the same extent as the Obligations of the Company. This Guarantee is intended to be superior to or
pari passu in right of payment with all indebtedness of the Guarantors and each Guarantor’s Obligations are independent of any Obligation of the Company or any other Guarantor. 
 (b) Each Guarantor waives presentation to, demand of, payment from and protest to the Company of any of the Obligations under
this Indenture or the Securities and also waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the Securities or the Obligations. The Obligations of each Guarantor hereunder shall not be affected by (a) the
failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Company or any other Person under this Indenture, the Securities or any other agreement or otherwise; (b) any extension or renewal
of any guarantee thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (d) the release of any security held by any Holder or the Trustee
for the Obligations or any of them; (e) the failure of any Holder or the Trustee to exercise any right or remedy against any other guarantor of the Obligations; or (f) any change in the ownership of such Guarantor. 
 (c) The Obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination
for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or
unenforceability of the Obligations of the Company or

  

 -66- 

 
otherwise. Without limiting the generality of the foregoing, the Obligations of each Guarantor herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the
Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Securities or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of
the Obligations of the Company, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of such Guarantor or would otherwise operate as a discharge of such
Guarantor as a matter of law or equity. 
 (d) Each Guarantor further agrees that its Guarantee herein shall
continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of, premium, if any, on or interest and Liquidated Damages, if any, on any Obligation of the Company is rescinded or must
otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Company or otherwise. 
 (e) In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Company to pay the principal of, premium,
if any, on or interest on any Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform or comply with any other Obligation, each Guarantor hereby promises to and will, upon
receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal to the sum of (i) the unpaid amount of such Obligations, (ii) accrued and unpaid interest on such
Obligations (but only to the extent not prohibited by law) and (iii) all other monetary Obligations of the Company to the Holders and the Trustee. 
 (f) Until such time as the Securities and the other Obligations of the Company guaranteed hereby have been satisfied in full, each Guarantor hereby irrevocably waives any claim or other rights that it may
now or hereafter acquire against the Company or any other Guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s Obligations under this Guarantee, including, without limitation, any right of
subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Holders or the Trustee against the Company or any other Guarantor or any security, whether or not such claim, remedy
or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Company or any other Guarantor, directly or indirectly, in cash or other property or by set-off or in any other
manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to such Guarantor in violation of the preceding sentence at any time prior to the later of the payments in full of the Securities and all other
amounts payable under this Indenture, this Guarantee and the Stated Maturity of the Securities, such amount shall be held in trust for the benefit of the Holders and the Trustee and shall forthwith be paid to the Trustee to be credited and applied
to the Securities and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with the terms of this Indenture, or to be held as security for any Obligations or other amounts payable under this Guarantee
thereafter arising. 
  

 -67- 

 (g) Each Guarantor acknowledges that it will receive direct and indirect
benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 11.01 is knowingly made in contemplation of such benefits. Each Guarantor further agrees that, as between it, on the one hand,
and the Holders and the Trustee, on the other hand, (x) subject to this Article XI, the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article VI for the purposes of this Guarantee, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby, and (y) in the event of any acceleration of such Obligations guaranteed hereby as provided in Article VI, such Obligations
(whether or not due and payable) shall further then become due and payable by the Guarantors for the purposes of this Guarantee. 
 (h) A Guarantor that makes a distribution or payment under a Guarantee shall be entitled to contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each such other
Guarantor for all payments, damages and expenses incurred by that Guarantor in discharging the Company’s obligations with respect to the Securities and this Indenture or any other Guarantor with respect to its Guarantee, so long as the exercise
of such right does not impair the rights of the Holders of the Securities under the Guarantees. 
 (i) Each
Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Section. 
 SECTION 11.02. Limitation on Liability. 
 Any term or provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount of the Obligations guaranteed hereunder by any Guarantor shall not exceed the maximum amount that can
be hereby guaranteed without rendering this Indenture, as it relates to such Guarantor, void, voidable or unenforceable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors
generally. To effectuate the foregoing intention, the Obligations of each Guarantor shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any
collections from or payments made by or on behalf of any other Guarantor in respect of the Obligations of such other Guarantor under its Guarantee or pursuant to its contribution Obligations hereunder, result in the Obligations of such Guarantor
under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law or otherwise not being void, voidable or unenforceable under any bankruptcy, reorganization, receivership, insolvency, liquidation or
other similar legislation or legal principles under any applicable foreign law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the
Adjusted Net Assets of each Guarantor. 
  

 -68- 

 SECTION 11.03. Execution and Delivery of Guarantees. 
 To further evidence its Guarantee set forth in Section 11.01 hereof, each Guarantor hereby agrees that notation of such Guarantee shall
be endorsed on each Security authenticated and delivered by the Trustee and executed by either manual or facsimile signature of an authorized officer of such Guarantor. Each Guarantor hereby agrees that its Guarantee set forth in Section 11.01
hereof shall remain in full force and effect notwithstanding any failure to endorse on each Security a notation of such Guarantee. If an officer of a Guarantor whose signature is on this Indenture or a Security no longer holds that office at the
time the Trustee authenticates such Security or at any time thereafter, such Guarantor’s Guarantee of such Security shall be valid nevertheless. The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of any Guarantee set forth in this Indenture on behalf of the Guarantor. 
 SECTION 11.04. When a
Guarantor May Merge, etc. 
 No Guarantor shall consolidate with or merge with or into (whether or not such Guarantor is the
surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the
provisions of Section 11.07 hereof, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the Obligations of such Guarantor pursuant to a supplemental indenture in form reasonably
satisfactory to the Trustee under the Securities and this Indenture and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be
entitled to receive an Officers’ Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.04. 
 SECTION 11.05. No Waiver. 
 Neither a failure nor a delay on the part of
either the Trustee or the Holders in exercising any right, power or privilege under this Article XI shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or
privilege. The rights, remedies and benefits of the Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article XI at law, in equity, by
statute or otherwise. 
 SECTION 11.06. Modification. 
 No modification, amendment or waiver of any provision of this Article XI, nor the consent to any departure by any Guarantor therefrom,
shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any
Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 
  

 -69- 

 SECTION 11.07. Release of Guarantor. 
 Upon the sale or other transfer of all or substantially all of the Capital Stock or all or substantially all of the assets of a Guarantor to
any Person that is not an Affiliate of the Company in compliance with the terms of this Indenture (including, without limitation, Section 11.04 hereof) and in a transaction that does not result in a Default or an Event of Default being in
existence or continuing immediately thereafter, such Guarantor shall be deemed automatically and unconditionally released and discharged from all obligations under this Indenture without any further action required on the part of the Trustee or any
Holder; provided that the Company or another Guarantor receives consideration for such Capital Stock or assets in an amount equal to the Fair Market Value of such Capital Stock or assets. The Trustee shall deliver at the expense of the
Company an appropriate instrument or instruments evidencing such release upon receipt of a request of the Company accompanied by an Officers’ Certificate and Opinion of Counsel certifying as to the compliance with this Section 11.07 and
the other applicable provisions of this Indenture. 
 SECTION 11.08. Execution of Supplemental Indentures for Future
Guarantors. 
 Any Domestic Subsidiary that guarantees any debt securities of the Company (excluding any Financing Facility
or any other bank credit facility) is required to become a Guarantor (but only so long as such other guarantees continue in effect) and the Company shall cause each such Subsidiary to promptly execute and deliver to the Trustee a supplemental
indenture in the form of Exhibit C hereto pursuant to which such Subsidiary shall become a Guarantor under this Article XI and shall guarantee the Obligations of the Company under the Securities and this Indenture. Concurrently with
the execution and delivery of such supplemental indenture, the Company shall deliver to the Trustee an Opinion of Counsel to the effect that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and that,
subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer and other similar laws relating to creditors’ rights generally and to the principles of equity, and subject to other exceptions reasonably
satisfactory to the Trustee, whether considered in a proceeding at law or in equity, the Guarantee of such Guarantor is a legal, valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms, and as
to any such other matters as the Trustee may reasonably request. 
 ARTICLE XII 
 MISCELLANEOUS 
 SECTION 12.01. Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall
control. 
  

 -70- 

 SECTION 12.02. Notices. Any request, demand, authorization, notice, waiver, consent
or communication shall be in writing and delivered in person or mailed by first-class mail, postage prepaid, addressed as follows, or transmitted by electronic mail or facsimile transmission (confirmed orally) to the following addresses: 

if to the Company or the Guarantors, to: 
 10990 Roe Avenue 
 Overland Park, KS 66211 
 Attention: Chief Financial Officer 
 Facsimile No.: (913) 696-6116 
 in either case, with a copy to: 
 Kirkland & Ellis LLP 
 300 North LaSalle Street 
 Chicago, IL 60654 
 Attention: Dennis M. Myers, P.C. 
 Facsimile No.: (312) 862-2200 
 if to the Trustee, to: 
 [US Bank National Association] 
 [            ] 
 [            ] 
 [            ] 
 Attention: Corporate Trust Services

 Fax No.: [            ] 
 with a copy to: 
 [            ] 
 [            ] 
 [            ] 
 Attention:
[            ] 
 Fax No.
[            ] 
 The Company or the Trustee by notice given to the
other in the manner provided above may designate additional or different addresses for subsequent notices or communications. 
 Any notice or communication given to a Securityholder shall be mailed to the Securityholder, by first-class mail, postage prepaid, at the Securityholder’s address as it appears on the registration books of the Registrar and shall be
sufficiently given if so mailed within the time prescribed. 
 Failure to mail a notice or communication to a Securityholder or
any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not received by the addressee. 
 If the Company mails a notice or communication to the Securityholders, it shall mail a copy to the Trustee and each Registrar, Paying Agent,
Conversion Agent or co-registrar. 
  

 -71- 

 SECTION 12.03. Communication by Holders with Other Holders. Securityholders may
communicate pursuant to TIA Section 312(b) with other Securityholders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar, the Paying Agent, the Conversion Agent and anyone else shall
have the protection of TIA Section 312(c). 
 SECTION 12.04. Certificate and Opinion as to Conditions Precedent.
Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and

 (b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have
been complied with. 
 In any case where several matters are required to be certified by, or covered by an opinion of, any
specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with
respect to some matters and one or more other such eligible and qualified Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an Officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion
of, or representations by, counsel, unless such Officer knows, or in the exercise of reasonable case should know, that the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based
are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating the information on which counsel
is relying unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION 12.05.
Statements Required in Certificate or Opinion. Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a covenant or condition provided for in this Indenture shall include: 
 (a) a statement that each person making such Officers’ Certificate or Opinion of Counsel has read such covenant or
condition; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such Officers’ Certificate or Opinion of Counsel are based; 
  

 -72- 

 (c) a statement that, in the opinion of each such person, he has made such
examination or investigation as is necessary to enable such person to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d) a statement that, in the opinion of such person, such covenant or condition has been complied with. 
 SECTION 12.06. Separability Clause. In case any provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 12.07. Rules by Trustee, Paying Agent, Conversion Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar, the Conversion
Agent and the Paying Agent may make reasonable rules for their functions. 
 SECTION 12.08. Legal Holidays. A “Legal
Holiday” is any day other than a Business Day. If any specified date (including a date for giving notice) is a Legal Holiday, the action shall be taken on the next succeeding day that is not a Legal Holiday, and, if the action to be taken on
such date is a payment in respect of the Securities, no interest or Liquidated Damages, if any, shall accrue for the intervening period. 
 SECTION 12.09. Governing Law. THIS INDENTURE AND EACH SECURITY SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 SECTION 12.10.
No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or for any claim based on, in respect of or by reason of
such obligations or their creation. By accepting a Security, each Securityholder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities. 
 SECTION 12.11. Successors. All agreements of the Company in this Indenture and the Securities shall bind its successor. All
agreements of the Trustee in this Indenture shall bind its successor. 
 SECTION 12.12. Counterparts; Multiple Originals.
This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of the signature pages
hereto by facsimile or electronic mail transmission of portable document format (PDF) files or tagged image file format (TIF) files shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu
of the original Indenture for all purposes. Signatures of the parties transmitted by facsimile or electronic mail of portable document format (PDF) files or tagged image file format (TIF) files shall be deemed to be their original signatures for all
purposes. 
  

 -73- 

 SECTION 12.13. 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. 
 SECTION 12.14. USA Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help
fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this
Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act. 
 [Signature Pages Follow.] 
  

 -74- 

 IN WITNESS WHEREOF, the undersigned, being duly authorized, have executed this Indenture on
behalf of the respective parties hereto as of the date first above written. 
  

			
	COMPANY:
	
	YRC WORLDWIDE INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	TRUSTEE:
	
	[US BANK NATIONAL ASSOCIATION]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	GUARANTORS:
	
	 GLOBE.COM LINES, INC.

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 IMUA HANDLING CORPORATION

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 ROADWAY LLC

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 S-1 

			
	ROADWAY NEXT DAY CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	USF GLEN MOORE INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	USF HOLLAND INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	USF REDDAWAY INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	USF SALES CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	YRC ENTERPRISE SERVICES, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 S-2 

			
	YRC INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	YRC LOGISTICS GLOBAL, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	YRC LOGISTICS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	YRC LOGISTICS SERVICES, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	YRC REGIONAL TRANSPORTATION, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 S-3 

 ANNEX A 
 [FORM OF] FUNDAMENTAL CHANGE PURCHASE NOTICE 
             , 201     
 [US Bank National
Association] 
 [                    ]

 [                    ] 
 Attention: Corporate Trust Services 
  

	 	Re:	YRC Worldwide Inc. (the “Company”)  

 6% Convertible Senior Notes due 2014 
 This is a Fundamental Change
Purchase Notice as defined in Section 3.07(c) of the Indenture dated as of [February     ], 2010 (as amended, supplemented or otherwise modified from time to time, the “Indenture”) among the Company, the Guarantors
party thereto and [US Bank National Association], as trustee. Terms used but not defined herein shall have the meanings ascribed to them in the Indenture. 
  

			
	Certificate No(s). of Securities:	 	  

		 	 (if certificated)

 I intend to deliver the following aggregate Principal Amount of Securities for
purchase by the Company pursuant to the terms specified in Section 3.07 of the Indenture (in multiples of $1,000): 
 $                                       
                      
 I hereby agree that the Securities will be purchased as of the Fundamental Change Purchase Date pursuant to the terms and conditions thereof, of paragraph 6 of Securities and Article III of the Indenture. 
  

			
	 Signed:
	 	  

			
		
	 Name of Holder:
	 	  

			
	 (Print)

 EXHIBIT A-1 
 [FORM OF FACE OF GLOBAL SECURITY] 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE TWO OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
  

 A-1-1 

 YRC WORLDWIDE INC. 
 6% Convertible Senior Notes due 2014 
  

			
	 No.: A-1
	  	CUSIP: [        ]
		
	 Issue Date: [February     ], 2010
	  	Principal Amount: $[70,000,000]

 YRC WORLDWIDE INC., a Delaware corporation, promises to pay to Cede & Co. or
registered assigns, the Principal Amount as set forth on Schedule I hereto, on [February     ], 2014 (the “Stated Maturity”), subject to the further provisions of this Security set forth on the reverse hereof,
which further provisions shall for all purposes have the same effect as if set forth at this place. This Security is convertible as specified on the other side of this Security. 
 Interest Payment Dates: [February     ] and [August     ], commencing
[August     ], 2010 
 Record Dates: [February     ] and
[August     ] 
  

			
	 YRC WORLDWIDE INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 A-1-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 [US Bank National Association], as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

  

			
	By:	 	  

		 	Authorized Signatory
		
	Dated:	 	  

  

 A-1-3 

 [FORM OF REVERSE SIDE OF NOTE] 
 YRC WORLDWIDE INC. 
 6% Convertible Senior Notes Due 2014

 1. Interest. 
 This Security shall accrue interest at an initial rate of 6% per annum. The Company promises to pay interest on the Securities in cash semiannually on each [February     ]
and [August     ], commencing [August     ], 2010, to Holders of record on the immediately preceding [February     ] and [August     ], respectively,
whether or not such day is a Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid, or if no interest has been paid, from [February     ], 2010, until the Principal
Amount is paid or duly made available for payment. The Company will pay interest on any overdue Principal Amount at the interest rate borne by the Securities at the time such interest on the overdue Principal Amount accrues, compounded semiannually,
and it shall pay interest on overdue installments of interest and Liquidated Damages, if any (without regard to any applicable grace period), at the same interest rate compounded semiannually. Interest on the Securities will be computed on the basis
of a 360-day year comprised of twelve 30-day months. Upon the occurrence and during the continuation of an Event of Default, the interest rate applicable hereunder shall be increased by 2% per annum. 
 Notwithstanding the foregoing, and provided that the payment of the interest in shares of Common Stock would not result in a
violation or violations of the limitation on conversion set forth in Section 10.16 of the Indenture, to the extent that (i) the Company is not permitted to pay the entire amount of interest then due and payable on this Security and the
other Securities issued pursuant to the Indenture (such amount of interest that is not paid in cash, “Bank Restricted Interest”) pursuant to the terms of any Financing Facility as in effect of the date of the Indenture or (ii) the
Company and its Subsidiaries, collectively, determine in their reasonable judgment that they lack sufficient funds to necessary to pay the entire amount of the interest then due and payable on this Security and the other Securities issued pursuant
to the Indenture or is otherwise deferring scheduled payments of interest, commitment fees and letter of credit fees any Financing Facility (provided that the Company and its Subsidiaries would be deemed to have sufficient funds to the extent
they had available borrowing capacity under the Financing Facilities or other lines of credit or sources of capital that is permitted to be used for this purpose) (such amount of interest for which sufficient funds are lacking, together with Bank
Restricted Interest, “Restricted Interest”), the Company may elect to pay Restricted Interest due on this Security by issuing shares of Common Stock that are qualified for registration with the SEC upon the resale of such shares by the
holder thereof and listed or quoted on a Principal Market in an amount of shares equal to the quotient of (x) the amount of such Restricted Interest then due on this Security divided by (y) the Restricted Interest Conversion
Price (as hereinafter defined), rounded up to the nearest whole share of Common Stock; provided that such rounding shall be with respect to all Restricted Interest then due to the Holder under this Security and any other Securities owned by
the Holder. On or prior to the record date immediately preceding the interest payment date for which Restricted Interest will be paid, the Company must give written notice to the Trustee and file a Current Report on Form 8-K of its intention to
issue shares of Common Stock in respect of Restricted Interest and the amount of Restricted Interest per $1,000 in principal amount of Securities. 
  

 A-1-4 

 For the purposes hereof, (i) “Principal Market” shall
mean The NASDAQ Global Select Market or such other stock exchange or electronic quotation system on which the Common Stock is listed or quoted as of the applicable Trading Day; (ii) “Restricted Interest Conversion Price” shall mean
the product of (x) 95% multiplied by (y) the simple arithmetic average of the Weighted Average Price of the shares of Common Stock (as reported by Bloomberg) for each of the five (5) consecutive Trading Days ending on
the second (2nd) Trading Day immediately preceding
the interest payment date to which such Restricted Interest relates; provided that in no event shall the Restricted Interest Conversion Price be less than $0.38 per share of Common Stock (as appropriately adjusted for any stock dividend,
stock split, stock combination or other similar transaction) or greater than the Conversion Price then in effect; and (iii) “Weighted Average Price” shall mean for the Common Stock as of any date, the dollar volume-weighted average
price for the Common Stock on the Principal Market during the period beginning at 9:30:01 a.m., New York City time (or such other time as the Principal Market publicly announces as the official open of trading), and ending at 4:00:00 p.m.,
New York City time (or such other time as the Principal Market publicly announces is the official close of trading) as reported by Bloomberg through its “Volume at Price” function, or, if the foregoing does not apply, the dollar
volume-weighted average price of the Common Stock in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York City time (or such other time as such market publicly
announces is the official open of trading), and ending at 4:00:00 p.m., New York City time (or such other time as such market publicly announces is the official close of trading) as reported by Bloomberg, or, if no dollar volume-weighted
average price is reported for the Common Stock by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for the Common Stock as reported in the “pink sheets” by
Pink Sheets LLC (formerly the National Quotation Bureau, Inc.); provided that if the Weighted Average Price cannot be calculated for the Common Stock on a particular date on any of the foregoing bases, the Weighted Average Price of the Common
Stock on such date shall be the Fair Market Value as reasonably determined by the Board of Directors of Company acting in good faith, with all such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or
other similar transaction. 
 2. Method of Payment. 
 The Company will pay interest and Liquidated Damages, if any, on this Security (except defaulted interest) to the Person who is the
registered Holder of this Security at the close of business on [February     ] or [August     ], as the case may be, next preceding the related interest payment date. Subject to the terms and conditions of the
Indenture, the Company will make payments in respect of the Principal Amount of Securities to be converted in a Mandatory Conversion, the Make Whole Premium, the Fundamental Change Purchase Price and the Principal Amount at Stated Maturity (or such
earlier time as may be required following an Event of Default), as the case may be, to the Holder who surrenders a Security to (x) the Paying Agent with respect to payments in cash in respect of the Fundamental Change Purchase Price and the
Principal Amount at Stated Maturity (or such earlier time as may be required following an Event of Default) or (y) the Conversion Agent with respect to shares of Common Stock to be delivered

  

 A-1-5 

 
in connection with a Mandatory Conversion or the payment of the Make Whole Premium upon the conversion of the Securities pursuant to a Mandatory Conversion or a conversion at the option of the
Holder. The Company will pay all cash amounts due on the Securities in money of the United States that at the time of payment is legal tender for payment of public and private debts. However, the Company may pay interest, Liquidated Damages, if any,
Fundamental Change Purchase Price and the Principal Amount at Stated Maturity (or such earlier time as may be required following an Event of Default), as the case may be, to the extent such amounts are permitted by the terms of this Security and the
Indenture to be paid in cash, by check or wire payable in such money; provided, however, that a Holder holding Securities with an aggregate Principal Amount in excess of $1,000,000 will be paid by wire transfer in immediately available
funds at the election of such Holder. The Company may mail an interest check for the payment of cash interest to the Holder’s registered address. Notwithstanding the foregoing, so long as this Security is registered in the name of a Depositary
or its nominee, all payments of cash hereon shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee. 
 3. Paying Agent, Conversion Agent and Registrar. 
 Initially, [US Bank National
Association] (the “Trustee”) will act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent or Registrar without notice, other than notice to the Trustee; provided
that the Company will maintain at least one Paying Agent in the State of New York, City of New York, Borough of Manhattan, which shall initially be an office or agency of the Trustee. The Company or any of its Subsidiaries or any of their Affiliates
may act as Paying Agent, Conversion Agent or Registrar. 
 4. Indenture. 
 The Company issued the Securities under an Indenture dated as of [February     ], 2010 (as amended or supplemented from
time to time in accordance with the terms thereof and of this Security, the “Indenture”), between the Company and the Trustee. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939, as in effect from time to time (the “TIA”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Securities are subject to all such
terms, and Securityholders are referred to the Indenture and the TIA for a statement of those terms. 
 The Securities are
limited to $70,000,000 aggregate Principal Amount (subject to Section 2.07 of the Indenture). 
 5. Redemption and
Mandatory Conversion at the Option of the Company. 
 No sinking fund is provided for the Securities. The Securities are not
redeemable prior to the Stated Maturity; provided, however, that the Company may elect to cause the Securities to be converted into shares of Common Stock (a “Mandatory Conversion”) from and after the two (2) year
anniversary of the date of the Indenture, whereupon the Securities shall be convertible into shares of Common Stock as a whole, or from time to time in part, in any integral

  

 A-1-6 

 
multiple of $1,000, at the option of the Company, if the Last Reported Sale Price of the Common Stock has been at least 150% of the Conversion Price in effect on the applicable Trading Day for at
least twenty (20) Trading Days during any thirty (30) consecutive Trading Day period ending one Trading Day prior to the date on which the Company announces its election of a Mandatory Conversion in accordance with the requirements of
Section 3.03 of the Indenture, with the number of shares to be issued in connection with such Mandatory Conversion equal to the sum of (x) the Principal Amount of this Security (or portion thereof) subject to such Mandatory Conversion
plus (y) accrued and unpaid Liquidated Damages, if any, on such Principal Amount accruing through but not including the Mandatory Conversion Date, divided by the Conversion Price in effect on the second (2nd) Business Day immediately preceding such Mandatory Conversion
Date (subject to adjustments as set forth in Article X of the Indenture), plus the Make Whole Premium divided by the Make Whole Premium Conversion Price (plus such shares of Common Stock to be issued with respect to
Restricted Interest, if any, to the extent not issued to the Holder of a Security (or portion thereof) subject to such Mandatory Conversion with respect to an interest payment date prior to such Mandatory Conversion Date); provided that, if
the Mandatory Conversion Date is on or after an interest record date but on or prior to the related interest payment date, Liquidated Damages (other than any accrued and unpaid Liquidated Damages paid in shares as provided above), if any, will be
payable to the Holders in whose names the Securities are registered at the close of business on the relevant record date in shares of Common Stock at the Conversion Price; provided, further, in each case, that in lieu of the issuance
of fractional shares of Common Stock, the number of shares of Common Stock to be delivered to the Holder pursuant to this paragraph 5 shall be rounded up to the nearest whole share of Common Stock, and that such rounding shall be with respect
to the sum of all shares of Common Stock issuable to the Holder with respect to all of the Securities (or portions thereof) of the Holder being converted in connection with such Mandatory Conversion or conversion at the option of the Holder. The
date for the issuance of Common Stock in connection with a Mandatory Conversion shall be the fifteenth Trading Day after the date notice of a Mandatory Conversion in given to the Holder pursuant to paragraph 7 below (the “Mandatory
Conversion Date”). 
 6. Purchase by the Company at the Option of the Holder. 
 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase the
Securities held by such Holder after the occurrence of a Fundamental Change of the Company for a Fundamental Change Purchase Price equal to 100% of the Principal Amount thereof plus accrued and unpaid interest and Liquidated Damages, if any,
thereon, accruing up to but not including the Fundamental Change Purchase Date which Fundamental Change Purchase Price shall be paid in cash. Holders have the right to withdraw any Fundamental Change Purchase Notice by delivering to the Paying Agent
a written notice of withdrawal in accordance with the provisions of the Indenture. 
 If cash sufficient to pay the Fundamental
Change Purchase Price and accrued and unpaid interest and Liquidated Damages, if any, of all Securities or portions thereof to be purchased as of the Fundamental Change Purchase Date is deposited with the Paying Agent on the Business Day following
the Fundamental Change Purchase Date, interest and Liquidated Damages, if any, cease to accrue on such Securities (or portions thereof) immediately after such Fundamental Change Purchase Date, and the Holder thereof shall have no other rights as
such other than the right to receive the Fundamental Change Purchase Price upon surrender of such Security. 
  

 A-1-7 

 7. Notice of Mandatory Conversion. 
 Notice of Mandatory Conversion pursuant to paragraph 5 of this Security will be mailed as promptly as practicable, but in no event later
than three (3) Business Days, after the date the Company has announced its election of a Mandatory Conversion in accordance with Section 3.03 of the Indenture. Such notice shall be given to each Holder of Securities to be so converted at
the Holder’s registered address. If such number of shares of Common Stock sufficient to be issued in respect of the Principal Amount of the Securities (or portions thereof), plus accrued and unpaid Liquidated Damages, if any, thereon (accruing
to but not including the date of such Mandatory Conversion), to be converted in such Mandatory Conversion on the Mandatory Conversion Date, and the shares to be issued in respect of the Make Whole Premium and Restricted Interest, if any, thereon,
are deposited with the Conversion Agent for issuance and payment on the Mandatory Conversion Date, immediately after such Mandatory Conversion Date interest (other than past due accrued and unpaid interest) and Liquidated Damages, if any, on the
Securities (or portions thereof) to be converted in such Mandatory Conversion shall cease to accrue. Securities in denominations larger than $1,000 of Principal Amount may be redeemed in part but only in integral multiples of $1,000 of Principal
Amount. 
 8. Conversion. 
 A Holder of a Security may convert such Security into shares of Common Stock of the Company in whole or in part, at any time and from time to time. The initial conversion price is $0.43 per share, subject
to adjustment under certain circumstances as described in Article X of the Indenture (the “Conversion Price”), and the initial conversion rate is 2,325.5814 shares of Common Stock per $1,000 in principal amount of Securities.
Subject to the limitations set forth below and in Section 10.16 of the Indenture, the number of shares issuable upon conversion of a Security is determined by dividing the principal amount converted by the Conversion Price in effect on the
Conversion Date plus the number of shares, if any, issuable in respect to the Make Whole Premium. Upon conversion, no adjustment for interest, if any (except for the payment of the Make Whole Premium), or dividends will be made. No fractional shares
will be issued upon conversion; in lieu thereof, the number of shares of Common Stock to be delivered to the Holder pursuant to this paragraph 8 shall be rounded up to the nearest whole share of Common Stock; provided that such rounding
shall be with respect to the sum of all shares of Common Stock issuable to the Holder with respect to all of the Securities (or portions thereof) of the Holder being converted pursuant to a notice of conversion delivered by the Holder to the
Conversion Agent described in the following paragraph on the date of conversion specified in such notice. 
 To convert a
Security, a Holder must (a) complete and sign the conversion notice set forth below and deliver such notice to the Conversion Agent, (b) surrender the Security to the Conversion Agent, (c) furnish appropriate endorsements and transfer
documents if required by the Registrar or the Conversion Agent, (d) pay any transfer or similar tax, if required and (e) if the Security is held in book-entry form, complete and deliver to the Depositary appropriate instructions pursuant
to the Depositary’s book-entry conversion programs. If a Holder surrenders a Security for conversion between the record date for the payment of an installment of interest

  

 A-1-8 

 
and the next interest payment date, the Security must be accompanied by payment of an amount equal to the interest and Liquidated Damages, if any, payable on such interest payment date on the
principal amount of the Security or portion thereof then converted; provided, however, that no such payment shall be required if such Security has been called for conversion on a Mandatory Conversion Date within the period between and
including such record date and such interest payment date, or if such Security is surrendered for conversion on the interest payment date. A Holder may convert a portion of a Security equal to $1,000 or any integral multiple thereof. 
 A Security in respect of which a Holder has delivered a Fundamental Change Repurchase Notice exercising the option of such Holder to require
the Company to repurchase such Security as provided in Section 3.07 of the Indenture may be converted only if such notice of exercise is withdrawn as provided above and in accordance with the terms of the Indenture. 
 Notwithstanding anything herein to the contrary, from the date of the Indenture through (i) but not including the two (2) year
anniversary thereof, in no event shall the Holder be entitled to convert any portion of this Security in excess of that portion of this Security upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by
the Holder and its Affiliates (as defined below) (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Security or the unexercised or unconverted portion of any other
security of the Holder subject to a limitation on conversion analogous to the limitations contained herein in this clause (i)) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this Security with
respect to which the determination of this proviso is being made (including the payment of the Make Whole Premium in connection therewith), would result in beneficial ownership by the Holder and its Affiliates of any amount greater than 4.9% of the
then outstanding shares of Common Stock (whether or not, at the time of such exercise, the Holder and its Affiliates beneficially own more than 4.9% of the then outstanding shares of Common Stock), and (ii) and including the Stated Maturity, in
no event shall the Holder be entitled to convert any portion of this Security to the extent that such conversion would cause the Holder to hold or own greater than 9.9% of the total combined voting power of all classes of Voting Stock of the Company
within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code of 1986, as amended (the “Code”), taking into consideration the attribution rules set forth in Section 871(h)(3)(C) of the Code. As used herein, the term
“Affiliate” means any person or entity that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a person or entity, as such terms are used in and construed under Rule 144
under the Securities Act. For purposes of the proviso to the second preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and Regulations 13D-G thereunder, except as otherwise provided
in clause (1) of such proviso. The limitations set forth in clause (i) above may be waived by the Holder upon provision of no less than sixty-one (61) days prior notice to the Company. The limitations set forth in clause (ii)
above may not be waived at any time by the Holder. 
 9. Denominations; Transfer; Exchange. 
 The Securities are in fully registered form, without coupons, in denominations of $1,000 of Principal Amount and integral multiples of
$1,000. A Holder may transfer or exchange

  

 A-1-9 

 
Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees
required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Securities selected for Mandatory Conversion (except, in the case of a Security to be converted in part, the portion of the Security not to be converted)
or any Securities in respect of which a Fundamental Change Purchase Notice has been given and not withdrawn (except, in the case of a Security to be purchased in part, the portion of the Security not to be purchased). 
 10. Persons Deemed Owners. 
 The registered Holder of this Security may be treated as the owner of this Security for all purposes. 
 11. Unclaimed Money or Securities. 
 The Trustee and the Paying Agent shall return
to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company,
Holders entitled to the money or securities must look to the Company, for payment as general creditors unless an applicable abandoned property law designates another person. 
 12. Amendment; Waiver. 
 Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written consent of the Holders of at least a majority in aggregate Principal Amount of the Securities at the time
outstanding and (ii) certain Defaults may be waived with the written consent of the Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding. Subject to certain exceptions set forth in the Indenture, without
the consent of any Securityholder, the Company and the Trustee may amend the Indenture or the Securities so long as such changes, other than those in clause (ii), do not adversely affect the interest of Securityholders (i) to cure any
ambiguity, omission, defect or inconsistency, (ii) to comply with Article V or Section 10.12 of the Indenture, (iii) to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee, or (iv) to
comply with any requirement of the SEC in connection with the qualification of the Indenture under the TIA. 
 13. Defaults and
Remedies. 
 Under the Indenture, Events of Default include, in summary form, (i) default in the payment of any interest or
Liquidated Damages, if any, on any Securities when the same becomes due and payable and such default continues for 30 days; (ii) default in payment of the Principal Amount or Fundamental Change Purchase Price in respect of the Securities when
the same becomes due and payable; (iii) failure by the Company in the performance, or breach, of any of the Company’s other covenants in the Indenture which are not remedied within 45 days; (iv) defaults by the Company in the payment
at final maturity (giving effect to any applicable grace periods and any extension thereof) of the stated principal amount of any of the Company’s or its Subsidiaries indebtedness, or acceleration of the final stated maturity of any such

  

 A-1-10 

 
indebtedness (which acceleration is not rescinded, annulled or otherwise cured within 10 days of receipt by the Company or such Subsidiary of notice of any such acceleration) if the aggregate
principal amount of such indebtedness aggregates $10,000,000 or more at any time; (v) the Company or a Significant Subsidiary fails to pay when due any final, non-appealable judgment (other than any judgment as to which a reputable insurance
company has accepted full liability) aggregating in excess of $15,000,000, which judgments are not stayed, bonded or discharged within 60 days after its entry; (vi) failure by the Company to issue Common Stock upon conversion of Securities by a
Holder or upon a Mandatory Conversion in accordance with the provisions of the Indenture and the Securities; (vii) a Guarantee by a Guarantor that is a Significant Subsidiary ceases to be or is asserted by the Company or any Guarantor not to be
in full force and effect (other than in accordance with the terms of the Indenture and such Guarantees); and (viii) certain events of bankruptcy or insolvency. 
 Securityholders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Securities unless it receives reasonable
indemnity or security. Subject to certain limitations, Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from
Securityholders notice of any continuing Default (except a Default in payment of amounts specified in clause (i) or (ii) above) if it determines that withholding notice is in their interests. 
 14. Trustee Dealings with the Company. 
 Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with and
collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 
 15. No Recourse Against Others. 
 A director, officer, employee or shareholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in
respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 
 16. Authentication. 
 This Security shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s Certificate of Authentication on the other side of this Security. 
 17. Abbreviations. 
 Customary abbreviations may be used in the name of a Securityholder or an assignee, such as TEN COM (“tenants in common”), TENENT (“tenants by the entireties”), JT TEN (“Joint tenants with right of survivorship and
not as tenants in common”), CUST (“custodian”) and U/G/M/A (“Uniform Gift to Minors Act”). 
  

 A-1-11 

 18. Governing Law. 
 THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS SECURITY. 
 The Company will furnish to any Securityholder upon written request and without charge a copy of the Indenture which has in it the text of
this Security in larger type. Requests may be made to: 
 YRC Worldwide Inc. 
 10990 Roe Avenue 
 Overland Park, KS 66211 
 Attn.: Chief Financial Officer 
  

 A-1-12 

 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: I or we assign and transfer this Security to: 
  

	
	  

	 (Insert assignee’s soc. sec. or tax ID no.)

	
	
	  

	  

	  

	(Print or type assignee’s name, address and zip code)

  

					
	and irrevocably appoint:	 	  
	 	
	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.

  

 A-1-13 

 CONVERSION NOTICE 
 To convert this Security into Common Stock of the Company, check the box   ̈

 To convert only part of this Security, state the Principal Amount to be converted (which must be $1,000 or an integral
multiple of $1,000): 
 If you want the stock certificate made out in another person’s name fill in the form below:

  

	
	  

	(Insert the other person’s soc. sec. tax ID no.)
	
	
	  

	  

	  

	(Print or type other person’s name, address and zip code)

  

			
	Your Signature:	  	  

  

					
	Date:	  	  
	  	

 (Sign exactly as your name appears on the other side of this Security) 
 Signature Guaranteed 
 Participant in a Recognized Signature Guarantee Medallion Program 
  

					
	By:	  	  
	  	
		  	Authorized Signatory	  	

  

 A-1-14 

 GUARANTEE 
 Subject to the limitations set forth in the Indenture, the Guarantors (as defined in the Indenture referred to in this Security and each
hereinafter referred to as a “GUARANTOR,” which term includes any successor or additional Guarantor under the Indenture) have jointly and severally, irrevocably and unconditionally guaranteed (a) the due and punctual payment of the
principal (and premium, if any) of and interest (including Liquidated Damages, if any, Restricted Interest paid in shares of Common Stock, if any, and Make Whole Premium, if any), on the Securities, whether at Stated Maturity, by acceleration, call
for Mandatory Conversion, upon a Fundamental Change Offer, purchase or otherwise, (b) the due and punctual payment of interest on the overdue principal of and interest, on the Securities to the extent lawful, (c) the due and punctual
performance of all other Obligations of the Company and the Guarantors to the Holders under the Indenture and the Securities and (d) in case of any extension of time of payment or renewal of any Securities or any of such other Obligations, the
same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration, call for Mandatory Conversion, upon a Fundamental Change Offer, purchase or otherwise.

 Payment on each Security is guaranteed, jointly and severally, by the Guarantors pursuant to Article XI of the Indenture
and reference is made to such Indenture for the precise terms of the Guarantees. 
 The Obligations of each Guarantor are
limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other
Guarantor in respect of the Obligations of such other Guarantor under its Guarantee or pursuant to its contribution Obligations under the Indenture, result in the Obligations of such Guarantor under its Guarantee not constituting a fraudulent
conveyance or fraudulent transfer under any applicable federal or state law or not otherwise being void, voidable or unenforceable under any applicable bankruptcy, reorganization, receivership, liquidation or other similar legislation or legal
principles under any applicable federal or foreign law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each
Guarantor. 
 Guarantors may be released from their Guarantees upon the terms and subject to the conditions provided in the
Indenture. 
 The Guarantee shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit
of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or
assignee, all subject to the terms and conditions in the Indenture. 
  

 A-1-15 

			
	GUARANTORS:
	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 A-1-16 

 SCHEDULE I 
 YRC WORLDWIDE INC. 
 6% Convertible Senior Notes due 2014 
  

					
	 DATE
	 	 PRINCIPAL AMOUNT
	 	 NOTATION

	 [February     ], 2010
	 	$[        ]	 	

  

 A-1-17 

 EXHIBIT A-2 
 [FORM OF CERTIFICATED SECURITY] 
 THIS SECURITY (OR
ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY AND THE COMMON STOCK DELIVERABLE UPON CONVERSION HEREOF
MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE
PROVISIONS OF SECTION 5 OF THE SECURITIES ACT. 
 THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT
(A) THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) OR AN ACCREDITED
INVESTOR (AS DEFINED IN RULE 501 UNDER THE SECURITIES ACT) IN A TRANSACTION EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT, (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144
THEREUNDER (IF AVAILABLE) OR (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND
(B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 THE FOREGOING LEGEND MAY BE REMOVED FROM THIS SECURITY ON SATISFACTION OF THE CONDITIONS SPECIFIED IN THE INDENTURE. 
  

 A-2-1 

 YRC WORLDWIDE INC. 
 6% Convertible Senior Notes Due 2014 
  

			
	No.: [    ]	 	
	Issue Date: [February     ], 2010	 	Principal Amount: $[        ]

 YRC WORLDWIDE INC., a Delaware corporation, promises to pay to or registered assigns,
the Principal Amount of, on [February     ], 2014 (the “Stated Maturity”), subject to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. This Security is convertible as specified on the other side of this Security. 
 Interest Payment Dates: [February     ] and [August     ], commencing [August     ], 2010 
 Record Dates: [February     ] and [August     ] 
  

			
	YRC WORLDWIDE INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 A-2-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 [US Bank National Association], as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

  

			
	By:	 	  

		 	Authorized Signatory

			
		
	Dated:	 	  

 [FORM OF REVERSE SIDE IS IDENTICAL TO EXHIBIT A-1] 
  

 A-2-3 

 EXHIBIT B 
 TRANSFER CERTIFICATE 
 In connection with any transfer
of any of the Securities within the period prior to the expiration of the holding period applicable to the sales thereof under Rule 144(d)(1) under the Securities Act of 1933, as amended (the “Securities Act”) (or any successor provision),
the undersigned registered owner of this Security hereby certifies with respect to $[    ] Principal Amount of the above-captioned Securities presented or surrendered on the date hereof (the “Surrendered Securities”)
for registration of transfer, or for exchange or conversion where the securities deliverable upon such exchange or conversion are to be registered in a name other than that of the undersigned registered owner (each such transaction being a
“transfer”), that such transfer complies with the restrictive legend set forth on the face of the Surrendered Securities for the reason checked below: 
  

	 	[    ]	A transfer of the Surrendered Securities is made to the Company or any subsidiaries; or 

  

	 	[    ]	The transfer of the Surrendered Securities complies with Rule 144 under the U.S. Securities Act of 1933, as amended (the “Securities Act”); or

  

	 	[    ]	The transfer of the Surrendered Securities is pursuant to an effective registration statement under the Securities Act; or 

  

	 	[    ]	The transfer of the Surrendered Securities is pursuant to another available exemption from the registration requirement of the Securities Act; 

and unless the box below is checked, the undersigned confirms that, to the undersigned’s knowledge, such Securities are not being transferred to an
“affiliate” of the Company as defined in Rule 144 under the Securities Act (an “Affiliate”). 
  

	 	[    ]	The transferee is an Affiliate of the Company. 

  

 B-1 

 Date: 
  

					
		  		  	  

		  		  	Signature(s)

 (If the registered owner is a corporation, partnership or fiduciary, the title of the
Person signing on behalf of such registered owner must be stated.) 
  

					
	Signature Guaranteed	 	
		
	  
	 	
	Participant in a Recognized Signature	 	
	Guarantee Medallion Program	 	
			
	By:	 	  
	 	
	Authorized Signatory	 	

  

 B-2 

 EXHIBIT C 
 FORM OF SUPPLEMENTAL INDENTURE 
 SUPPLEMENTAL INDENTURE (this “SUPPLEMENTAL
INDENTURE”), dated as of                             , among [GUARANTOR] (the “NEW
GUARANTOR”), a subsidiary of YRC Worldwide Inc. (or its successor), a Delaware corporation (the “COMPANY”), the Company, the Guarantors (the “EXISTING GUARANTORS”) under the Indenture referred to below, and [US Bank National
Association], a [                    ], as trustee under the Indenture referred to below (the “TRUSTEE”). 
 WITNESSETH: 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture (as such may be amended from time to time, the “INDENTURE”), dated as of [February     ], 2010, providing for the issuance
of an aggregate principal amount of up to $70,000,000 of 6% Convertible Senior Notes due 2014 (the “SECURITIES”); 
 WHEREAS, Section 11.08 of the Indenture provides that the Company is required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall jointly and severally and
unconditionally and irrevocably guarantee all of the Company’s Obligations under the Securities and the Indenture pursuant to a Guarantee contained in the Indenture on the terms and conditions set forth herein; and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the Company and Existing Guarantors are authorized to execute and
deliver this Supplemental Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Guarantor, the Company, the Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Securities as follows:

 1. Definitions. (a) Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 (b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly provided or unless the
context otherwise requires: (i) the terms and expressions used herein shall have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the words “HEREIN,” “HEREOF” and
“HEREBY” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. 
 2. Agreement to Guarantee. The New Guarantor hereby agrees, jointly and severally and unconditionally and irrevocably, with all other
Guarantors, to guarantee the Company’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article XI of the Indenture and to be bound by all other applicable provisions of the
Indenture. From and after the date hereof, the New Guarantor shall be a Guarantor for all purposes under the Indenture and the Securities. 
  

 C-1 

 3. Ratification of Indenture; Supplemental Indentures Part of Indentures. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 
 4.
Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 5. Trustee Makes No Representation. The Trustee makes no
representation as to the validity or sufficiency of this Supplemental Indenture. 
 6. Counterparts. The parties may sign any
number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 7. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction thereof. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written. 
  

			
	NEW GUARANTOR:
	
	[NEW GUARANTOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	COMPANY:
	
	YRC WORLDWIDE INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 C-2 

			
	EXISTING GUARANTORS:
	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	TRUSTEE:
	
	[US BANK NATIONAL ASSOCIATION]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 C-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]