Document:

Amendment No.2 to Declaration of Trust

 Exhibit 4.17 
  
 Amendment No. 2 to the 
 Declaration of Trust of UnumProvident Financing Trust II 
  
 This Amendment No. 2 to the Declaration of Trust of UnumProvident Financing Trust II (the “Trust”), dated as of December 30, 2004 (this
“Amendment”), is entered into among UnumProvident Corporation, a Delaware corporation, as depositor, Chase Manhattan Bank USA, National Association, as trustee (the “Delaware Trustee”), JPMorgan Chase Bank, N.A. (formerly known
as JPMorgan Chase Bank), as trustee (the “Property Trustee”), and Susan N. Roth, an individual, as trustee. 
  
 WHEREAS, the parties hereto entered into a Declaration of Trust of the Trust, dated as of August 14, 2000, as amended by Amendment No. 1 thereto, dated as
of November 1, 2002 (as so amended, the “Original Declaration”), and a Certificate of the Trust was filed with the Secretary of State of the State of Delaware on August 14, 2000; 
  
 WHEREAS, the Property Trustee has converted from a New York banking
corporation to a national banking association and in connection therewith has changed its name from JPMorgan Chase Bank to JPMorgan Chase Bank, N.A.; and 
  
 WHEREAS, to reflect the foregoing, the parties hereto desire to amend the Original Declaration. 
  
 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby,
agree as follows: 
  
 AMENDMENT 
  
 The undersigned hereby confirm that JPMorgan Chase Bank, in connection with
its conversion from a New York banking corporation to a national banking association, has changed its name to JPMorgan Chase Bank, N.A. 
  
 MISCELLANEOUS 
  
 1.    This Amendment shall be binding upon, and shall enure to the benefit of, the parties hereto and their respective successors and
assigns. 
  
 2.    This Amendment may be
executed in counterparts, all of which together shall constitute one agreement binding on all parties hereto, notwithstanding that all such parties are not signatories to the original or same counterpart. 
  
 3.    This Amendment shall be interpreted in accordance
with the laws of the State of Delaware (without regard to conflict of laws principles), all rights and remedies being governed by such laws. 
  
 4.    Except as modified by this Amendment, the Original Declaration will remain in full force and effect. 

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

			
	 UNUMPROVIDENT CORPORATION, as Depositor

		
	By:	 	 /S/    THOMAS R.
WATJEN

	 	 	 Name: Thomas R. Watjen

	 	 	 Title: President and Chief Executive Officer

	
	CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, as Delaware Trustee
		
	By:	 	/S/    JOHN J. CASHIN
	 	 	 Name: John J. Cashin

	 	 	 Title: Vice-President

	
	JPMORGAN CHASE BANK, N.A., as Property Trustee
		
	By:	 	/S/    JAMES D. HEANEY
	 	 	 Name: James D. Heaney

	 	 	 Title: Vice President

	
	
	/S/    SUSAN N. ROTH
	Susan N. Roth, as Trustee

  

 2Amendment No.2 to Declaration of Trust

 Exhibit 4.20 
  
 Amendment No. 2 to the 
 Declaration of Trust of UnumProvident Financing Trust III 
  
 This Amendment No. 2 to the Declaration of Trust of UnumProvident Financing Trust III (the “Trust”), dated as of December 30, 2004 (this
“Amendment”), is entered into among UnumProvident Corporation, a Delaware corporation, as depositor, Chase Manhattan Bank USA, National Association, as trustee (the “Delaware Trustee”), JPMorgan Chase Bank, N.A. (formerly known
as JPMorgan Chase Bank), as trustee (the “Property Trustee”), and Susan N. Roth, an individual, as trustee. 
  
 WHEREAS, the parties hereto entered into a Declaration of Trust of the Trust, dated as of August 14, 2000, as amended by Amendment No. 1 thereto, dated as
of November 1, 2002 (as so amended, the “Original Declaration”), and a Certificate of the Trust was filed with the Secretary of State of the State of Delaware on August 14, 2000; 
  
 WHEREAS, the Property Trustee has converted from a New York banking
corporation to a national association and in connection therewith has changed its name from JPMorgan Chase Bank to JPMorgan Chase Bank, N.A.; and 
  
 WHEREAS, to reflect the foregoing, the parties hereto desire to amend the Original Declaration. 
  
 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby,
agree as follows: 
  
 AMENDMENT 
  
 The undersigned hereby confirm that JPMorgan Chase Bank, in connection with
its conversion from a New York banking corporation to a national banking association, has changed its name to JPMorgan Chase Bank, N.A. 
  
 MISCELLANEOUS 
  
 1.    This Amendment shall be binding upon, and shall enure to the benefit of, the parties hereto and their respective successors and
assigns. 
  
 2.    This Amendment may be
executed in counterparts, all of which together shall constitute one agreement binding on all parties hereto, notwithstanding that all such parties are not signatories to the original or same counterpart. 
  
 3.    This Amendment shall be interpreted in accordance
with the laws of the State of Delaware (without regard to conflict of laws principles), all rights and remedies being governed by such laws. 
  
 4.    Except as modified by this Amendment, the Original Declaration will remain in full force and effect. 
  

 1 

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

			
	 UNUMPROVIDENT CORPORATION, as Depositor

		
	By:	 	 /S/    THOMAS R.
WATJEN

	 	 	 Name: Thomas R. Watjen

	 	 	 Title: President and Chief Executive Officer

	
	CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, as Delaware Trustee
		
	By:	 	/S/    JOHN J. CASHIN
	 	 	 Name: John J. Cashin

	 	 	 Title: Vice-President

	
	JPMORGAN CHASE BANK, N.A., as Property Trustee
		
	By:	 	/S/    JAMES D. HEANEY
	 	 	 Name: James D. Heaney

	 	 	 Title: Vice President

	
	
	/S/    SUSAN N. ROTH
	Susan N. Roth, as Trustee

  

 2Indenture, Dated As Of December 30, 2004

 Exhibit 4.1 
  
 EXECUTION COPY 
  
 HEALTH MANAGEMENT ASSOCIATES, INC. 
  
 Exchange Zero-Coupon Convertible Senior Subordinated Notes 
 due 2022 
  
 INDENTURE 

 
 Dated as of December 30, 2004 
  
 WACHOVIA BANK, NATIONAL ASSOCIATION 
  
 TRUSTEE 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	ARTICLE 1
	DEFINITIONS AND INCORPORATION BY REFERENCE
			
	 Section 1.01.
	 	Definitions	  	1
	 Section 1.02.
	 	Other Definitions	  	11
	 Section 1.03.
	 	Incorporation by Reference of Trust Indenture Act	  	12
	 Section 1.04.
	 	Rules of Construction	  	12
	 Section 1.05.
	 	Acts of Holders	  	12
	
	ARTICLE 2
	THE SECURITIES
			
	 Section 2.01.
	 	 Form and Dating
	  	13
	 Section 2.02.
	 	 Execution and Authentication
	  	15
	 Section 2.03.
	 	 Registrar, Paying Agent and Conversion Agent
	  	16
	 Section 2.04.
	 	 Paying Agent to Hold Money and Securities in Trust
	  	16
	 Section 2.05.
	 	 Securityholder Lists
	  	17
	 Section 2.06.
	 	 Transfer and Exchange
	  	17
	 Section 2.07.
	 	 Replacement Securities
	  	18
	 Section 2.08.
	 	 Outstanding Securities; Determination of Holders’ Action
	  	19
	 Section 2.09.
	 	 Temporary Securities
	  	19
	 Section 2.10.
	 	 Cancellation
	  	20
	 Section 2.11.
	 	 Persons Deemed Owners
	  	20
	 Section 2.12.
	 	 Global Securities
	  	20
	 Section 2.13.
	 	 CUSIP Numbers
	  	22
	 Section 2.14.
	 	 No Regular Cash Interest on Securities
	  	22
	 Section 2.15.
	 	 Calculation of Tax Original Issue Discount
	  	23
	
	ARTICLE 3
	REDEMPTION AND PURCHASES
			
	 Section 3.01.
	 	 Right to Redeem; Notices to Trustee
	  	23
	 Section 3.02.
	 	 Selection of Securities to Be Redeemed
	  	24
	 Section 3.03.
	 	 Notice of Redemption
	  	24
	 Section 3.04.
	 	 Effect of Notice of Redemption
	  	25
	 Section 3.05.
	 	 Deposit of Redemption Price
	  	25
	 Section 3.06.
	 	 Securities Redeemed in Part
	  	25
	 Section 3.07.
	 	 Conversion Arrangement on Call for Redemption
	  	25
	 Section 3.08.
	 	 Purchase of Securities at Option of the Holder Upon Fundamental Change
	  	26
	 Section 3.09.
	 	 Purchase of Securities at Option of the Holder
	  	28

  

 i 

					
	 Section 3.10.
	 	Payment of Purchase Price	  	29
	 Section 3.11.
	 	Effect of Purchase Notice or Fundamental Change Purchase Notice	  	31
	 Section 3.12.
	 	Deposit of Purchase Price or Fundamental Change Purchase Price	  	32
	 Section 3.13.
	 	Securities Purchased in Part	  	32
	 Section 3.14.
	 	Covenant to Comply with Securities Laws upon Purchase of Securities	  	32
	 Section 3.15.
	 	Repayment to the Company	  	32
	
	ARTICLE 4
	COVENANTS
			
	 Section 4.01.
	 	Payment of Securities	  	33
	 Section 4.02.
	 	SEC and Other Reports	  	33
	 Section 4.03.
	 	Compliance Certificate	  	34
	 Section 4.04.
	 	Further Instruments and Acts	  	34
	 Section 4.05.
	 	Maintenance of Officer or Agency	  	34
	 Section 4.06.
	 	Calculation of Original Issue Discount	  	35
	
	ARTICLE 5
	SUCCESSOR CORPORATION
			
	 Section 5.01.
	 	When Company May Merge or Transfer Assets	  	35
	
	ARTICLE 6
	DEFAULTS AND REMEDIES
			
	 Section 6.01.
	 	Events of Default	  	36
	 Section 6.02.
	 	Acceleration	  	39
	 Section 6.03.
	 	Other Remedies	  	39
	 Section 6.04.
	 	Waiver of Past Defaults	  	40
	 Section 6.05.
	 	Control by Majority	  	40
	 Section 6.06.
	 	Limitation on Suits	  	40
	 Section 6.07.
	 	Rights of Holders to Receive Payment	  	41
	 Section 6.08.
	 	Collection Suit by Trustee	  	41
	 Section 6.09.
	 	Trustee May File Proofs of Claim	  	41
	 Section 6.10.
	 	Priorities	  	42
	 Section 6.11.
	 	Undertaking for Costs	  	42
	 Section 6.12.
	 	Waiver of Stay, Extension or Usury Laws	  	43
	
	ARTICLE 7
	TRUSTEE
			
	 Section 7.01.
	 	Duties and Responsibilities of the Trustee; During Default; Prior to Default	  	43
	 Section 7.02.
	 	Certain Rights of the Trustee	  	44

  

 ii 

					
	 Section 7.03.
	 	Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof	  	46
	 Section 7.04.
	 	Trustee and Agents May Hold Securities; Collections, etc	  	46
	 Section 7.05.
	 	Moneys Held by Trustee	  	46
	 Section 7.06.
	 	Compensation and Indemnification of Trustee and its Prior Claim	  	46
	 Section 7.07.
	 	Right of Trustee to Rely on Officers’ Certificate, etc	  	47
	 Section 7.08.
	 	Conflicting Interests	  	47
	 Section 7.09.
	 	Persons Eligible for Appointment as Trustee	  	47
	 Section 7.10.
	 	Resignation and Removal; Appointment of Successor Trustee	  	47
	 Section 7.11.
	 	Acceptance of Appointment by Successor Trustee	  	49
	 Section 7.12.
	 	Merger, Conversion, Consolidation or Succession to Business of Trustee	  	49
	 Section 7.13.
	 	Preferential Collection of Claims Against the Company	  	50
	 Section 7.14.
	 	Reports by The Trustee	  	50
	 Section 7.15.
	 	Trustee to Give Notice of Default, but May Withhold in Certain Circumstances	  	50
	
	ARTICLE 8
	DISCHARGE OF INDENTURE
			
	 Section 8.01.
	 	Discharge of Liability on Securities	  	51
	 Section 8.02.
	 	Repayment to the Company	  	51
	
	ARTICLE 9
	AMENDMENTS
			
	 Section 9.01.
	 	Without Consent of Holders	  	51
	 Section 9.02.
	 	With Consent of Holders	  	52
	 Section 9.03.
	 	Compliance with Trust Indenture Act	  	53
	 Section 9.04.
	 	Revocation and Effect of Consents, Waivers and Actions	  	53
	 Section 9.05.
	 	Notation on or Exchange of Securities	  	53
	 Section 9.06.
	 	Trustee to Sign Supplemental Indentures	  	53
	 Section 9.07.
	 	Effect of Supplemental Indentures	  	54
	
	ARTICLE 10
	SPECIAL TAX EVENT CONVERSION
			
	 Section 10.01.
	 	Optional Conversion to Cash Pay Securities Upon Tax Event	  	54
	 Section 10.02.
	 	Payment of Cash Interest; Interest Rights Preserved	  	54
	
	ARTICLE 11
	CONVERSION
	 Section 11.01.
	 	Conversion Privilege	  	56
	 Section 11.02.
	 	Conversion Procedure	  	57
	 Section 11.03.
	 	Fractional Shares	  	59

  

 iii 

					
	 Section 11.04.
	 	Taxes on Conversion	  	59
	 Section 11.05.
	 	Company to Provide Stock	  	59
	 Section 11.06.
	 	Adjustment for Change in Capital Stock	  	60
	 Section 11.07.
	 	Adjustments for Rights Issue	  	61
	 Section 11.08.
	 	Adjustments for Other Distributions	  	62
	 Section 11.09.
	 	Adjustments for Cash Distributions Prior to January 28, 2007	  	64
	 Section 11.10.
	 	When Adjustment May Be Deferred	  	65
	 Section 11.11.
	 	When No Adjustment Required	  	65
	 Section 11.12.
	 	Notice of Adjustment	  	66
	 Section 11.13.
	 	Voluntary Increase	  	66
	 Section 11.14.
	 	Notice of Certain Transactions	  	66
	 Section 11.15.
	 	Reorganization of Company; Special Distributions	  	67
	 Section 11.16.
	 	Company Determination Final	  	67
	 Section 11.17.
	 	Trustee’s Adjustment Disclaimer	  	68
	 Section 11.18.
	 	Simultaneous Adjustments	  	68
	 Section 11.19.
	 	Successive Adjustments	  	68
	 Section 11.20.
	 	Rights Issued in Respect of Class A Common Stock	  	68
	
	ARTICLE 12
	SUBORDINATION
			
	 Section 12.01.
	 	Agreement to Subordinate	  	69
	 Section 12.02.
	 	Liquidation, Dissolution, Bankruptcy	  	69
	 Section 12.03.
	 	Default on Designated Senior Debt	  	69
	 Section 12.04.
	 	When Distribution Must Be Paid Over	  	70
	 Section 12.05.
	 	Subrogation	  	70
	 Section 12.06.
	 	Relative Rights; Subordination Not to Prevent Events of Default or Limit Right to Accelerate	  	70
	 Section 12.07.
	 	Subordination May Not Be Impaired by Company	  	71
	 Section 12.08.
	 	Rights of Trustee	  	71
	 Section 12.09.
	 	Distributions and Notices to, and Notices and Consents by Representative of Holders of Senior Debt	  	71
	 Section 12.10.
	 	Trustee Entitled to Reply	  	71
	 Section 12.11.
	 	Trustee to Effectuate Subordination	  	71
	 Section 12.12.
	 	Trustee Not Fiduciary for Holders of Senior Debt	  	72
	 Section 12.13.
	 	Reliance by Holder of Senior Debt on Subordination Provisions; No Waiver	  	72
	
	ARTICLE 13
	MISCELLANEOUS
			
	 Section 13.01.
	 	Trust Indenture Act Controls	  	73
	 Section 13.02.
	 	Notices	  	73
	 Section 13.03.
	 	Communication by Holders with Other Holders	  	74
	 Section 13.04.
	 	Certificate and Opinion as to Conditions Precedent	  	74
	 Section 13.05.
	 	Statements Required in Certificate or Opinion	  	74
	 Section 13.06.
	 	Separability Clause	  	74

  

 iv 

					
	 Section 13.07.
	 	Rules By Trustee, Paying Agent, Conversion Agent And Registrar	  	75
	 Section 13.08.
	 	Legal Holidays	  	75
	 Section 13.09.
	 	GOVERNING LAW	  	75
	 Section 13.10.
	 	No Recourse Against Others	  	75
	 Section 13.11.
	 	Successors	  	75
	 Section 13.12.
	 	Multiple Originals	  	75

  

 v 

 INDENTURE dated as of December 30, 2004 between HEALTH MANAGEMENT ASSOCIATES, INC., a Delaware
corporation (the “Company”), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, having an office in Miami, Florida (in such capacity, together with its successors in trust, 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 Exchange Zero-Coupon Convertible Senior Subordinated Notes due 2022 (the “Securities”): 
  
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
  
 Section 1.01. Definitions. 
  
 “Accreted Value” means, at any date of determination, (1) prior to such time as the Securities are converted to Cash Pay Securities, the
sum of (x) the Issue Price of each Security and (y) the portion of the excess of the principal amount of each Security over such Issue Price which shall have been amortized on a daily basis and compounded semi-annually on each January 28 and July 28
at the rate of 0.875% per annum from the Issue Date through the date of determination computed on the basis of a 360-day year of twelve 30-day months and (2) at or after such time as the notes are converted to Cash Pay Securities, the Restated
Principal Amount. 
  
 “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 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. 
  
 “Beneficial Owner” shall be determined in accordance with Rule 13d-3 promulgated by the Commission under the Exchange Act. 
  
 “Board of Directors” means either the board of directors of
the Company or any duly authorized committee of such board. 
  
 “Business Day” means each day of the year other than a Saturday or a Sunday on which banking institutions are not required or authorized to close in the City of New York. 

 “Capital Lease Obligation” means, at the time any determination thereof is to be made,
the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP. 
  
 “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. 
  
 “Cash Pay Securities” means Securities following their conversion pursuant to Section 10.01. 
  
 “Class A Common Stock” means shares of class A common stock, $0.01 par value, of the Company as it exists on the date of this Indenture
and any shares of any class or classes of Capital Stock of the Company resulting from any reclassification or reclassifications thereof and which have no preference in respect of dividends or of amounts payable in the event of any voluntary or
involuntary liquidation, dissolution or winding-up of the Company and which are not subject to redemption by the Company; provided, however, that if at any time there shall be more than one such resulting class, the Conversion Rate and the
determination of the Conversion Value shall be based on all the shares of such classes resulting from all such reclassifications. 
  
 “Common Equity” of any Person means capital stock of such Person that is generally entitled to (1) vote in the election of directors of
such Person or (2) if such Person is not a corporation, vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or policies of such Person. 
  
 “Common Stock” means any stock of any class of the Company
which has no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company. 
  
 “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 successor or successors. 
  
 “Company Request” or “Company Order” means
a written request or order signed in the name of the Company by any two Officers. 
  
 “Continuing Director” means a director who either was a member of the Company’s Board of Directors on the date of this Indenture or who becomes a director of the Company subsequent to such date
and whose election, or nomination for election by the Company’s stockholders, is duly approved by a 

  

 2 

 
majority of the Continuing Directors on the Board of Directors at the time of such approval, either by a specific vote or by approval of the proxy statement
issued by the Company on behalf of the entire Board of Directors of the Company in which such individual is named as nominee for director. 
  
 “Controlled” means ownership or control of more than 50% of the voting power of such entity. 
  
 “Corporate Trust Office” means the principal office of the
Trustee at which at any time its corporate trust business shall be administered, which office at the date hereof is located at 200 South Biscayne Boulevard, 14th Fl., Miami, Florida 33131, Attn: Corporate Trust Group, 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). 
  
 “Debt” means, with respect
to any Person, without duplication, 
  
 (1) all
indebtedness of such Person for borrowed money; 
  
 (2) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 
  
 (3) all obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments, excluding
obligations in respect of trade letters of credit or bankers’ acceptances issued in respect of trade payables; 
  
 (4) all obligations of such Person to pay the deferred and unpaid purchase price of property or services which are recorded as liabilities
under GAAP, excluding trade payables arising in the ordinary course of business; 
  
 (5) all Capital Lease Obligations of such Person as lessee under such leases; 
  
 (6) all Debt of other Persons Guaranteed by such Person to
the extent so Guaranteed; 
  
 (7) all Debt of
other Persons secured by a Lien on any asset of such Person, whether or not such Debt is assumed by such Person; and 
  
 (8) all Hedging Obligations of such Person. 
  

 3 

 The amount of Debt of any Person will be deemed to be: 
  
 (A) with respect to contingent obligations, the maximum
liability upon the occurrence of the contingency giving rise to the obligation; 
  
 (B) with respect to Debt secured by a Lien on an asset of such Person but not otherwise the obligation, contingent or otherwise, of such
Person, the lesser of (x) the fair market value of such asset on the date the Lien attached and (y) the amount of such Debt; 
  
 (C) with respect to any Debt issued with original issue discount, the face amount of such Debt less the remaining unamortized portion of
the original issue discount of such Debt; 
  
 (D)
with respect to any Hedging Obligation, the net amount payable if such Hedging Obligation terminated at that time due to default by such Person; and 
  
 (E) otherwise, the outstanding principal amount thereof. 
  
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of
Default. 
  
 “Designated Senior Debt” means (i)
the Debt under that certain Credit Agreement dated May 14, 2004 by and among the Company, Bank of America, N.A., as administrative agent, Wachovia Bank, National Association, as syndication agent, JPMorgan Chase Bank and SunTrust Bank, as
Co-Documentation Agents, and Banc of America Securities LLC and Wachovia Capital Markets, LLC, as Joint Lead Arrangers and Joint Book Managers, as such agreement may be amended from time to time, and (ii) any other Senior Debt which, at the date of
determination, has an aggregate principal amount outstanding of at least $7,500,000 and is specifically designated as “Designated Senior Debt” in the instrument governing such Senior Debt and in an Officers’ Certificate
received by the Trustee. 
  
 “Exchange Act” means
the Securities Exchange Act of 1934, as amended. 
  
 “Final Maturity” or “Final Maturity Date” shall be January 28, 2022. 
  
 A “Fundamental Change” shall be deemed to have occurred at such time after the original issuance of the Securities as any of the
following occurs: (a) any “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such
Subsidiary, files a Schedule TO (or any other schedule, form or report under the Exchange Act) disclosing that such person or group has become the direct or indirect ultimate Beneficial Owner, of Common Equity of the Company representing more than
50% of the voting power of the Company’s Common Equity; (b) consummation of any share exchange, 

  

 4 

 
consolidation or merger of the Company pursuant to which the Class A 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 Company’s consolidated assets (considered together with the Company’s Subsidiaries) to any Person (other than one of the
Company’s Subsidiaries); provided, however, that a transaction where the holders of more than 50% of all classes of the Company’s Common Equity immediately prior to such transaction own, directly or indirectly, more than 50% of all classes
of Common Equity of the continuing or surviving corporation or transferee immediately after such event shall not be a Fundamental Change; or (c) Continuing Directors cease to constitute at least a majority of the Company’s Board of Directors;
provided, however, that a Fundamental Change shall not be deemed to have occurred if either (I) the Sale Price per share of the Class A Common Stock for any five Trading Days within the period of 10 consecutive Trading Days ending immediately before
the later of the Fundamental Change or the announcement thereof shall equal or exceed 105% of the Accreted Value divided by the Conversion Rate or (II) at least 90% of the consideration in the transaction or transactions constituting the Fundamental
Change consists of shares of Class A Common Stock with full voting rights traded on a national securities exchange or quoted on the NASDAQ National Market (or which shall be so traded or quoted when issued or exchanged in connection with such
Fundamental Change) (such securities being referred to as “Publicly Traded Securities”) and as a result of such transaction or transactions such Securities become convertible into cash and such Publicly Traded Securities (excluding
cash payments for fractional shares), if any, to the extent the Conversion Value (based on such Publicly Traded Securities) exceeds the Accreted Value of the New Notes. 
  
 “Fundamental Change Purchase Date” has the meaning specified in Section 3.08(a). 
  
 “Fundamental Change Purchase Notice” means the form
“Option to Elect Purchase Upon a Fundamental Change” contained on the reverse of the Securities. 
  
 “Fundamental Change Purchase Price” has the meaning specified in Section 3.08(a). 
  
 “GAAP” means United States generally accepted accounting
principles as in effect from time to time. 
  
 “Global
Securities” means Securities that are in the form of the Securities attached hereto as Exhibit A-1. 
  
 “Guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business),
direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness. 
  

 5 

 “Hedging Obligations” means, with respect to any Person, the obligations of such Person
under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements, (ii) foreign exchange contracts or currency swap agreements and (iii) other agreements or arrangements designed to protect such Person against
fluctuations in interest rates or currency values. 
  
 “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, any indebtedness of such Person, whether or not contingent, in respect of borrowed
money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof) or banker’s acceptances or representing Capital Lease Obligations or the balance deferred and unpaid of
the purchase price of any property or representing any Hedging Obligations, except any such balance that constitutes an accrued expense or trade payable, if and to the extent any of the foregoing indebtedness (other than letters of credit and
Hedging Obligations) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP, as well as all indebtedness of others secured by a Lien on any asset of such Person (whether or not such indebtedness is assumed
by such Person) and, to the extent not otherwise included, the Guarantee by such Person of any indebtedness of any other Person. 
  
 “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. 
  
 “Interest Payment Date” means the Stated Maturity of an installment of interest on the Securities 
  
 “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. 
  
 “Issue Price” of any Security
means, in connection with the original issuance of such Security, the initial issue price at which the Security is sold as set forth on the face of the Security. 
  
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or
encumbrance of any kind in respect of such asset given to secure Indebtedness, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction with respect to any such
lien, pledge, charge or security interest). 
  

 6 

 “Market Price” as of any date means the average of the Sale Prices of the Company’s
Class A Common Stock for the five trading-day period ending on the third Business Day (if the third Business Day prior to the applicable day is a trading day or, if not, then on the last trading day) prior to such date, appropriately adjusted to
take into account the occurrence, during the period commencing on the first of such trading days during such five trading-day period and ending on such date, of any event described in Sections 11.06, 11.07, 11.08 or 11.09; subject, however, to the
conditions set forth in Sections 11.10 and 11.11. 
  
 “Moody’s” shall mean Moody’s Investors Service, Inc. or any successor rating agency. 
  
 “Obligations” means, with respect to any Debt, all obligations (whether in existence on the date of the Indenture or arising afterwards,
absolute or contingent, direct or indirect) for or in respect of principal (when due, upon acceleration, upon redemption, upon mandatory repayment or repurchase pursuant to a mandatory offer to purchase, or otherwise), premium, interest, penalties,
fees, indemnification, reimbursement and other amounts payable and liabilities with respect to such Debt, including all interest accrued or accruing after the commencement of any bankruptcy, insolvency or reorganization or similar case or proceeding
at the contract rate (including, without limitation, any contract rate applicable upon default) specified in the relevant documentation, whether or not the claim for such interest is allowed as a claim in such case or proceeding. 
  
 “Officer” means the Chairman of the Board, the Vice
Chairman, the Chief Executive Officer, the President, any Executive Vice President, any Senior Vice President, any Vice President, the Treasurer or the Secretary or any Assistant Treasurer or Assistant Secretary of the Company. 
  
 “Officers’ Certificate” means a written certificate
containing the information specified in Sections 13.04 and 13.05, signed in the name of the Company by any two Officers, and delivered to the Trustee. An Officers’ Certificate given pursuant to Section 4.03 shall be signed by an authorized
financial or accounting Officer of the Company but need not contain the information specified in Sections 13.04 and 13.05. 
  
 “Opinion of Counsel” means a written opinion containing the information specified in Sections 13.04 and 13.05 from legal counsel. The
counsel may be an employee of, or counsel to, the Company. 
  
 “Original Issue Discount” of any Security means the difference between the Issue Price and the Principal Amount at Maturity of the Security as set forth on the face of the Security. 
  
 “person” or “Person” means any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. 
  

 7 

 “Principal Amount at Maturity” of a Security means the Principal Amount at Maturity as
set forth on the face of the Security. 
  
 “Publicly
Traded Securities” has the meaning specified in the definition of Fundamental Change. 
  
 “Redemption Date” or “redemption date” means the date specified for redemption of the Securities in accordance with the terms of the Securities and this Indenture. 
  
 “Redemption Price” or “redemption price”
shall have the meaning set forth in paragraph 5 of the Securities. 
  
 “Regular Record Date” means, with respect to the interest payable on any Interest Payment Date, the close of business on January 5 or July 5 (whether or not a Business Day), as the case may be, next preceding such Interest
Payment Date. 
  
 “Responsible Officer” means,
when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the
Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity
with the particular subject and who shall have direct responsibility for the administration of this Indenture. 
  
 “S&P” shall mean Standard & Poor’s Ratings Group, a division of McGraw Hill, Inc., and its successors. 
  
 “Sale Price” of the Class A Common Stock on any date
means the closing sale price per share (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on such date as reported in
composite transactions for the principal United States securities exchange on which the Class A Common Stock is traded or, if the Class A Common Stock is not listed on a United States national or regional securities exchange, as reported on the
NASDAQ Stock Market. In the absence of such quotations, the Company shall be entitled to determine the Sale Price on the basis of such quotations as it considers appropriate. 
  
 “SEC” means the Securities and Exchange Commission. 
  

 8 

 “Securities” means any of the Company’s Exchange Zero-Coupon Convertible Senior
Subordinated Notes due 2022, as amended or supplemented from time to time, issued under this Indenture. 
  
 “Securityholder” or “Holder” means a person in whose name a Security is registered on the Registrar’s books.

  
 “Senior Debt” or “Senior
Indebtedness” of the Company means all Obligations with respect to Debt of the Company, whether outstanding on the date of the Indenture or thereafter created, except for Debt which, in the instrument creating or evidencing the same, is
expressly stated to be not senior in right of payment to the Securities; provided that Senior Debt does not include (i) any obligation to the Company or any Subsidiary, (ii) trade payables or (iii) any Debt incurred in violation of the
Indenture. 
  
 “Significant Subsidiary” means a
Subsidiary of the Company, including its Subsidiaries, which meets any of the following conditions: 
  
 (a) the Company’s and its other Subsidiaries’ investments in and advances to the Subsidiary exceed 20 percent of the total assets of the Company
and its Subsidiaries consolidated as of the end of any two of the three most recently completed fiscal years; or 
  
 (b) the Company’s and its other Subsidiaries’ proportionate share of the total assets of the Subsidiary exceeds 20 percent of the total assets
of the Company and its Subsidiaries consolidated as of the end of any two of the three most recently completed fiscal years; or 
  
 (c) the Company’s and its other Subsidiaries’ equity in the income from continuing operations before income taxes, extraordinary items and
cumulative effect of a change in accounting principles of the Subsidiary exceeds 20 percent of such income of the Company and its Subsidiaries consolidated as of the end of any two of the three most recently completed fiscal years. 
  
 “Special Record Date” means for the payment of any Defaulted
Interest, the date fixed by the Trustee pursuant to Section 10.02(b). 
  
 “Stated Maturity”, when used with respect to any Security or any installment of interest thereon, means the date specified in such Security as the fixed date on which an amount equal to the Principal Amount at Maturity of
such Security or such installment of interest is due and payable. 
  
 “Subsidiary” means (i) a corporation, a majority of whose Capital Stock with voting power, under ordinary circumstances, to elect directors is, at the date of determination, directly or indirectly owned by the Company, by
one or more Subsidiaries of the Company or by the Company and one or more Subsidiaries of the Company, (ii) a partnership in which the Company or a Subsidiary of the 

  

 9 

 
Company holds a majority interest in the equity capital or profits of such partnership, or (iii) any other person (other than a corporation) in which the
Company, a Subsidiary of the Company or the Company and one or more Subsidiaries of the Company, directly or indirectly, at the date of determination, has (x) at least a majority ownership interest or (y) the power to elect or direct the election of
a majority of the directors or other governing body of such person. 
  
 “Tax Event” means that the Company shall have received an opinion from independent tax counsel experienced in such matters to the effect that, on or after November 30, 2004 as a result of (a) any amendment to, or change
(including any announced prospective change) in, the laws (or any rules or regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein or (b) any amendment to, or change in, an interpretation or
application of such laws or regulations by any legislative body, court, governmental agency or regulatory authority, in each case which amendment or change is enacted, promulgated, issued or announced or which interpretation is issued or announced
or which action is taken, on or after November 30, 2004, there is more than an insubstantial risk that interest (including interest calculated at the “comparable yield,” Original Issue Discount or contingent interest, if any) payable on
the Securities either (i) would not be deductible on a current accrual basis or (ii) would not be deductible under any other method, in either case in whole or in part, by the Company (by reason of deferral, disallowance, or otherwise) for United
States Federal income tax purposes. 
  
 “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. 
  
 “trading day” means a day during which trading in securities
generally occurs on the New York Stock Exchange or, if the Class A Common Stock is not listed on the New York Stock Exchange, on the principal other national or regional securities exchange on which the Class A Common Stock is then listed or, if the
Class A Common Stock is not listed on a national or regional securities exchange, on the National Association of Securities Dealers Automated Quotation System or, if the Class A Common Stock is not quoted on the National Association of Securities
Dealers Automated Quotation System, on the principal other market on which the Class A 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. 
  

 10 

 Section 1.02. Other Definitions.  
  

			
	 Term

	  	Defined in Section

	 “Act”
	  	1.05(a)
	 “Agent Members”
	  	2.12(b)
	 “Applicable Stock Price”
	  	11.02      
	 “Associate”
	  	3.09(a)
	 “Average Quoted Price”
	  	11.01      
	 “Bankruptcy Law”
	  	6.01    
	 “Blockage Notice”
	  	   12.03(b)(1)
	 “cash”
	  	3.08(a)
	 “Company Notice”
	  	3.10(b)
	 “Company Notice Date”
	  	3.10(a)
	 “Conversion Agent”
	  	2.03    
	 “Conversion Date”
	  	11.02      
	 “Conversion Rate”
	  	11.01      
	 “Conversion Value”
	  	11.02      
	 “Custodian”
	  	6.01    
	 “Defaulted Interest”
	  	10.02(b) 
	 “Depositary
	  	2.01(a)
	 “Dividend Amount”
	  	11.09      
	 “DTC”
	  	2.01(a)
	 “Event of Default”
	  	6.01    
	 “Ex-Dividend Time”
	  	11.01      
	 “Extraordinary Cash Dividend”
	  	11.08      
	 “Institutional Accredited Investors”
	  	2.01(b)
	 “Legal Holiday”
	  	13.08      
	 “Notice of Default”
	  	6.01    
	 “Option Exercise Date”
	  	Section 10.01                   
	 “pay the Securities”
	  	12.03(a)
	 “Paying Agent”
	  	2.03    
	 “Payment Blockage Period”
	  	12.03(b) 
	 “payment in full”
	  	12.02(1) 
	 “Purchase Date”
	  	3.09(a)
	 “Purchase Notice”
	  	3.09(a)
	 “Purchase Price”
	  	3.09(a)
	 “Registrar”
	  	2.03    
	 “Required Cash Amount”
	  	11.02      
	 “Restated Principal Amount”
	  	10.01      
	 “Rights”
	  	11.20      
	 “Rights Agreement”
	  	11.20      
	 “Tax Event Date”
	  	10.01      
	 “Time of Determination”
	  	11.01      

  

 11 

 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 TIA reference to another statute or defined by 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 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. 
  
 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 their 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. 
  

 12 

 (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 Securities shall be proved by the register for the Securities or by a certificate of 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 resolution of the Board of Directors, 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 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 effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 
  
 ARTICLE 2 
 THE
SECURITIES 
  
 Section 2.01. Form and Dating.
The Securities and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A-1, which is a part of this Indenture. 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 

  

 13 

 
the Company). The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each Security shall be dated the date of its
authentication. 
  
 (a) Global Securities. The Securities
shall be issued, initially, 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. The aggregate Principal Amount at Maturity 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. 
  
 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 at Maturity 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 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. 
  
 (b) Book-Entry Provisions.  
  
 The Company shall execute and the Trustee shall, in accordance with this
Section 2.01(b), 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 ISSUER 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 

  

 14 

 
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 IN WHOLE, BUT NOT IN PART, 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.” 
  
 Section 2.02. Execution and Authentication. The Securities shall be executed on behalf of the Company by any Officer,
under its corporate seal reproduced thereon. The signature of the Officer 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 an authorized 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 at Maturity of up
to $329,828,000 upon a Company Order without any further action by the Company. The aggregate Principal Amount at Maturity of Securities outstanding at any time may not exceed the amount set forth in the foregoing sentence, except as provided in
Section 2.07. 
  
 The Securities shall be issued only in
registered form without coupons and only in denominations of $1,000 of Principal Amount at Maturity and any integral multiple thereof. 
  

 15 

 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 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 7.06. 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 and Securities 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) or shares of
Class A Common Stock if permitted under this Indenture 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 and shares, if any, of Class A Common Stock 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 and shares, if any, of Class A Common Stock 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 and shares, if any, of Class A Common Stock 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 and shares, if any, of Class A Common Stock held by it to the Trustee and to account for any funds and shares, if any, of Class A Common Stock disbursed by it. Upon doing so, the Paying Agent shall have no
further liability for the money or shares, if any, of Class A Common Stock. 
  

 16 

 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 May 1 and November 1 a
listing of Securityholders dated within 15 days of the date on which the list is furnished and at such other times as the 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. Subject to Section 2.12 hereof, (a) upon surrender for registration of transfer of any Security, 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 at Maturity. 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 at Maturity, 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 which 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 redemption (except, in
the case of Securities to be redeemed in part, the portion thereof not to be redeemed) or any Securities in respect of which a Purchase Notice or 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) or any Securities for a period of 15 days before the mailing of a notice of redemption of Securities to be
redeemed. 
  
 (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 

  

 17 

 
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. 
  
 (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. 
  
 Section 2.07. Replacement Securities. If (a) any mutilated Security is surrendered to the Trustee, or (b) 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
notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in
lieu of any such destroyed, lost or stolen Security, a new Security of like tenor and Principal Amount at Maturity, bearing a certificate 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 3 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 original 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. 
  

 18 

 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; Determination of Holders’ Action. Securities outstanding at any time are all the Securities
authenticated by the Trustee except for those cancelled by it or delivered to it for cancellation, those paid pursuant to Section 2.07 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 at Maturity 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 which a Responsible Officer of the Trustee knows 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 6 and 9). 
  
 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 holds, in accordance with this Indenture, on a Redemption Date, or on the Business Day following a Purchase Date or a Fundamental
Change Purchase Date, or on Stated Maturity, money or securities, if permitted hereunder, sufficient to pay Securities payable on that date, then immediately after such Redemption Date, Purchase Date, Fundamental Change Purchase Date or Stated
Maturity, as the case may be, such Securities shall cease to be outstanding and Original Issue Discount and interest on such Securities shall cease to accrue; provided that, if such Securities are to be redeemed, notice of such redemption has been
duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. 
  
 If a Security is converted in accordance with Article 11, then from and after the Conversion Date, such Security shall cease to be outstanding and
Original Issue Discount and interest 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 which 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. 
  

 19 

 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 at Maturity 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,
purchase by the Company pursuant to Article 3, conversion, redemption or registration of transfer or exchange 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 which 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 11. No Securities shall be authenticated in lieu of or in 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 destroyed by the Trustee and the Trustee shall deliver a certificate of destruction to
the Company. 
  
 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 principal of the Security or the payment of any Redemption Price, Purchase Price or Fundamental Change Purchase Price in respect thereof, and interest thereon, for the purpose of conversion 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) Notwithstanding any other provisions of this Indenture or the Securities, (A)
transfers of a Global Security, in whole or in part, shall be made only in accordance with Section 2.06 and Section 2.12(a)(i) below. 
  
 (i) Transfer of Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than the Depositary or

  

 20 

 
a nominee or any successor thereof, and no such transfer to any such other Person may be registered; provided that this clause (i) 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. Nothing in this Section 2.12(a)(i) shall prohibit or render ineffective any transfer of a beneficial interest in a Global Security effected in accordance with the other provisions of this Section 2.12(a).

  
 (b) The provisions below shall apply to the 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 or any successor 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 (A) 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 or (B) an Event of Default has occurred and is continuing with
respect to the Securities. Any Global Security exchanged pursuant to clause (A) above shall be so exchanged in whole and not in part, and any Global Security exchanged pursuant to clause (B) 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 at Maturity
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 nominee with respect to such Global Security, the Principal Amount at Maturity 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. 
  

 21 

 (iii) Subject to the provisions of clause 2.12(b)(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 may 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 in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of 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 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. 
  
 Section 2.14. No Regular Cash Interest on Securities. The Securities
shall not bear periodic interest, except (i) for contingent interest payable in six month periods commencing on January 28, 2007 subject to the conditions contained in paragraph 10 of the Securities, and (ii) in the event the Securities are
converted to Cash Pay Securities pursuant to Article 10 hereof. 
  

 22 

 Section 2.15. Calculation of Tax Original Issue Discount. The Company agrees, and by acceptance of
a beneficial interest in a Security each Holder and any beneficial owner of a Security shall be deemed to agree for United States federal income tax purposes, (i) to treat the Securities as debt instruments that are subject to Treasury Regulation
Section 1.1275-4(b), and to treat the cash and fair market value of the Common Stock received upon the conversion of a Security as a contingent payment for purposes of Treasury Regulation Section 1.1275-4(b); (ii) to treat the exchange of the
Company’s Zero-Coupon Convertible Senior Subordinated Notes due 2022 that were issued on January 28, 2002 (the “Old Notes”) for the Securities as not constituting a “significant modification” of the Old Notes within
the meaning of Treasury Regulation Section 1.1001-3(e); and (iii) to accrue interest with respect to outstanding Securities as original issue discount for United States federal income tax purposes (i.e., Tax Original Issue Discount) according
to the “noncontingent bond method,” set forth in Section 1.1275-4(b) of the Treasury Regulations, using the comparable yield of 6.22% compounded semi-annually and using the projected payment schedule determined by the Company. 

 
 ARTICLE 3 
 REDEMPTION AND PURCHASES 
  
 Section 3.01. Right to Redeem; Notices to Trustee. The Company, at its option, may redeem the Securities in accordance with the provisions of
paragraphs 5 and 7 of the Securities. If the Company elects to redeem Securities pursuant to paragraph 5 of the Securities, it shall notify the Trustee in writing of the Redemption Date, the Principal Amount at Maturity of Securities to be redeemed
and the Redemption Price. 
  
 The Company shall give the notice to
the Trustee provided for in this Section 3.01 by a Company Order, at least 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee). 
  
 Section 3.02. Selection of Securities to Be Redeemed. If less than all the Securities are to be redeemed, the Trustee
shall select the Securities to be redeemed pro rata or by lot or by any other method the Trustee considers fair and appropriate (so long as such method is not prohibited by the rules of any stock exchange on which the Securities are then listed).
The Trustee shall make the selection at least 30 days but not more than 60 days before the Redemption Date from outstanding Securities not previously called for redemption. The Trustee may select for redemption portions of the Principal Amount at
Maturity of Securities that have denominations larger than $1,000. 
  
 Securities and portions of them the Trustee selects shall be in Principal Amounts at Maturity of $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of
Securities called for redemption. The Trustee shall notify the Company promptly of the Securities or portions of Securities to be redeemed. 
  

 23 

 If any Security selected for partial redemption 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 may be) to be the portion selected for redemption. Securities which 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 Redemption. At least 30 days but not more than 60 days before a Redemption Date, the Company shall mail a notice of redemption by first-class mail, postage prepaid, to each Holder of
Securities to be redeemed. 
  
 The notice shall identify the
Securities to be redeemed and shall state: 
  
 (a) the Redemption
Date; 
  
 (b) the Redemption Price; 
  
 (c) the Conversion Rate; 
  
 (d) the name and address of the Paying Agent and Conversion Agent;

  
 (e) that Securities called for redemption may be converted at
any time prior to the close of business on the Business Day prior to the Redemption Date; 
  
 (f) that Holders who want to convert Securities must satisfy the requirements set forth in paragraph 8 of the Securities; 
  
 (g) that Securities called for redemption must be surrendered to the Paying Agent to collect the Redemption Price; 
  
 (h) if fewer than all of the outstanding Securities are to be redeemed, the
certificate number and Principal Amounts at Maturity of the particular Securities to be redeemed; 
  
 (i) that, unless the Company defaults in making payment of such Redemption Price, Original Issue Discount and any interest on Securities called for
redemption will cease to accrue on and after the Redemption Date; and 
  
 (j) the CUSIP number of the Securities. 
  
 At the
Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s expense, provided that the Company makes such request at least three Business Days prior to the date by which such notice of
redemption must be given to Holders in accordance with this Section 3.03. 
  

 24 

 Section 3.04. Effect of Notice of Redemption. Once notice of redemption is given, Securities
called for redemption become due and payable on the Redemption Date and at the Redemption Price stated in the notice, except for Securities which are converted in accordance with the terms of this Indenture. Upon surrender to the Paying Agent, such
Securities shall be paid at the Redemption Price stated in the notice. 
  
 Section 3.05. Deposit of Redemption Price. Prior to 10:00 a.m. (New York City time) on the Redemption Date, the Company shall deposit with the Paying Agent (or if the Company or a Subsidiary or an Affiliate of either of them is the
Paying Agent, shall segregate and hold in trust) money sufficient to pay the Redemption Price of all Securities to be redeemed on that date other than Securities or portions of Securities called for redemption which on or prior thereto have been
delivered by the Company to the Trustee for cancellation or have been converted. The Paying Agent shall as promptly as practicable return to the Company any money, with interest, if any, thereon, not required for that purpose because of conversion
of Securities pursuant to Article 11. If such money is then held by the Company in trust and is not required for such purpose, it shall be discharged from such trust. 
  
 Section 3.06. Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part, the Company shall
execute and the Trustee shall authenticate and deliver to the Holder a new Security in an authorized denomination equal in Principal Amount at Maturity to the unredeemed portion of the Security surrendered. 
  
 Section 3.07. Conversion Arrangement on Call for Redemption. In
connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities called for redemption by an agreement with one or more investment banks or other purchasers to purchase such Securities by paying
to the Trustee in trust for the Securityholders, on or prior to 10:00 a.m. New York City time on the Redemption Date, an amount that, together with any amounts deposited with the Trustee by the Company for the redemption of such Securities, is not
less than the Redemption Price of such Securities. Notwithstanding anything to the contrary contained in this Article 3, the obligation of the Company to pay the Redemption Price of such Securities shall be deemed to be satisfied and discharged to
the extent such amount is so paid by such purchasers. If such an agreement is entered into, any Securities not duly surrendered for conversion by the Holders thereof may, at the option of the Company, be deemed, to the fullest extent permitted by
law, acquired by such purchasers from such Holders and (notwithstanding anything to the contrary contained in Article 11) surrendered by such purchasers for conversion, all as of immediately prior to the close of business on the Redemption Date,
subject to payment of the above amount as aforesaid. The Trustee shall hold and pay to the 

  

 25 

 
Holders whose Securities are selected for redemption any such amount paid to it for purchase and conversion in the same manner as it would moneys deposited
with it by the Company for the redemption of Securities. Without the Trustee’s prior written consent, no arrangement between the Company and such purchasers for the purchase and conversion of any Securities shall increase or otherwise affect
any of the powers, duties, responsibilities or obligations of the Trustee as set forth in this Indenture, and the Company agrees to indemnify the Trustee from, and hold it harmless against, any loss, liability or expense (other than arising from
gross negligence, bad faith or willful misconduct of the Trustee) arising out of or in connection with any such arrangement for the purchase and conversion of any Securities between the Company and such purchasers, including the costs and expenses
incurred by the Trustee in the defense of any claim or liability arising out of or in connection with the exercise or performance of any of its powers, duties, responsibilities or obligations under this Indenture. 
  
 Section 3.08. Purchase of Securities at Option of the Holder Upon
Fundamental Change. (a) If prior to January 28, 2007 there shall have occurred a Fundamental Change, all or a portion of the Securities of any Holder shall be purchased by the Company, at the option of such Holder, at a purchase price, in U.S.
legal tender (“cash”), specified in paragraph 6 of the Securities (the “Fundamental Change Purchase Price”), as of the date specified by the Company in its notice pursuant to Section 3.08(b), but in any event not
later than 35 Business Days after the occurrence of the Fundamental Change (the “Fundamental Change Purchase Date”), subject to satisfaction by or on behalf of the Holder of the requirements set forth in Section 3.08(c). If on or
after January 28, 2007 there occurs a Fundamental Change, no Holder shall have any right or option to require the Company to purchase the Securities of such Holder on account thereof except as permitted by Section 3.09. 
  
 (b) On or before the 20th day after the occurrence of a Fundamental Change,
the Company shall mail a written notice of Fundamental Change by first-class mail to the Trustee and to each Holder (and to beneficial owners as required by applicable law). In addition, the Company shall cause a copy of such notice of Fundamental
Change to be published in The Wall Street Journal or another daily newspaper of national circulation. The 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; 
  
 (ii) the
date by which the Fundamental Change Purchase Notice pursuant to this Section 3.08 must be given; 
  
 (iii) the Fundamental Change Purchase Date; 
  

 26 

 (iv) 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; and 
  
 (v) the information required to be included in a Company
Notice as specified in Section 3.10(b). 
  
 (c) A Holder may
exercise its rights specified in Section 3.08(a) hereof upon delivery of the Securities to be purchased, duly endorsed for transfer, and a duly completed Fundamental Change Purchase Notice to the Paying Agent at any time prior to the close of
business on the Fundamental Change Purchase Date, stating: 
  
 (i) if certificated, the certificate number of the Security which the Holder will deliver to be purchased; 
  
 (ii) the portion of the Principal Amount at Maturity of the Security which the Holder will deliver to be purchased, which portion must be
in principal amounts of $1,000 or an integral multiple thereof; and 
  
 (iii) that such Security shall be purchased by the Company pursuant to the terms and conditions specified in paragraph 6 of the Securities and Section 3.08 of the Indenture. 
  
 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 3.08 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 3.08, a portion of a Security, only if the Principal Amount at Maturity 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 3.08 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 3.08. 
  

 27 

 Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the
Fundamental Change Purchase Notice contemplated by this Section 3.08(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 prior to the Fundamental Change Purchase
Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.11. 
  
 The Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Purchase Notice or written withdrawal thereof.

  
 Section 3.09. Purchase of Securities at Option of the
Holder. (a) General. Securities shall be purchased by the Company pursuant to paragraph 6 of the Securities as of January 28, 2005, January 28, 2006, January 28, 2007, January 28, 2012 and January 28, 2017 (each, a “Purchase
Date”), at the purchase price in cash of $862.07 per $1,000 of Principal Amount at Maturity as of January 28, 2005, $869.62 per $1,000 of Principal Amount at Maturity as of January 28, 2006, $877.25 per $1,000 of Principal Amount at
Maturity as of January 28, 2007, $916.40 per $1,000 of Principal Amount at Maturity as of January 28, 2012 and of $957.29 per $1,000 of Principal Amount at Maturity as of January 28, 2017 (each, a “Purchase Price”, as applicable),
at the option of the Holder thereof, upon: 
  
 (i) delivery to the Paying Agent, by the Holder of a written notice of purchase (a “Purchase Notice”), at any time from the opening of business on the date that is at least 30 Business Days prior to a Purchase Date until
the close of business on such Purchase Date stating: 
  
 (A) if certificated, the certificate number of the Security which the Holder will deliver to be purchased, 
  
 (B) the portion of the Principal Amount at Maturity of the Security which the Holder will deliver to be purchased, which portion must be
in principal amounts of $1,000 or an integral multiple thereof, and 
  
 (C) that such Security shall be purchased by the Company as of the Purchase Date pursuant to the terms and conditions specified in paragraph 6 of the Securities and in this Indenture; and 
  
 (ii) delivery of such Security to the Paying Agent prior to,
on or after the Purchase Date (together with all necessary endorsements) at the offices of the Paying Agent, such delivery being a condition to receipt by the Holder of the Purchase Price therefor; provided, however, that such Purchase Price shall
be so paid pursuant to this Section 3.09 only if the Security so delivered to the Paying Agent shall conform in all respects to the description thereof in the related Purchase Notice, as determined by the Company. 
  

 28 

 The Company shall purchase from the Holder thereof, pursuant to this Section 3.09, a portion of a
Security, only if the Principal Amount at Maturity 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 3.09 shall be consummated by the delivery of the consideration to be received by the Holder promptly following the later of the Purchase Date and the time of delivery of the Security. 
  
 Notwithstanding anything herein to the contrary, any Holder delivering to the
Paying Agent the Purchase Notice contemplated by this Section 3.09(a) shall have the right to withdraw such Purchase Notice at any time prior to the close of business on the Business Day prior to the Purchase Date by delivery of a written notice of
withdrawal to the Paying Agent in accordance with Section 3.11. 
  
 The Paying Agent shall promptly notify the Company of the receipt by it of any Purchase Notice or written notice of withdrawal thereof. 
  
 Section 3.10. Payment of Purchase Price. 
  
 (a) Purchase Method. On each Purchase Date or Fundamental Change Purchase Date, the Purchase Price or Fundamental Change Purchase Price of
Securities in respect of which a Purchase Notice or Fundamental Change Purchase Notice has been given, or a specified percentage thereof, will be paid by the Company with cash equal to the aggregate Purchase Price or Fundamental Change Purchase
Price of such Securities. The Company Notice, as provided in Section 3.10(b), shall be sent to Holders (and to beneficial owners as required by applicable law) not less than 30 Business Days prior to such Purchase Date in the case of a purchase
pursuant to Section 3.09(a) or in conjunction with the mailing of written notice of Fundamental Change pursuant to Section 3.08(b) in the case of a purchase pursuant to Section 3.08(a) (the “Company Notice Date”). 
  
 (b) Notice of Purchase. In connection with any purchase of Securities
pursuant to Section 6 of the Securities, the Company shall give notice (the “Company Notice”) to Holders setting forth the information specified in this Section 3.10(b). The Company’s notice of purchase shall be sent to the
Holders (and to beneficial owners as required by applicable law) in the manner provided in Section 13.02 at the time specified in Section 3.10(a). 
  
 Each Company Notice shall include a form of Purchase Notice or Fundamental Change Purchase Notice to be completed by a Securityholder and shall state:

  
 (A) the Purchase Price or Fundamental Change
Purchase Price and the Conversion Rate; 
  

 29 

 (B) the name and address of the Paying Agent and the Conversion Agent; 
  
 (C) that Securities as to which a Purchase Notice or
Fundamental Change Purchase Notice has been given may be converted if they are otherwise convertible only in accordance with Article 11 hereof only if the applicable Purchase Notice or Fundamental Change Purchase Notice has been withdrawn in
accordance with the terms of this Indenture; 
  
 (D) that Securities must be surrendered to the Paying Agent to collect payment; 
  
 (E) that the Purchase Price or Fundamental Change Purchase Price for any security as to which a Purchase Notice has been given and not
withdrawn will be paid promptly following the later of (1) the Purchase Date or Fundamental Change Purchase Date and (2) the time of surrender of such Security as described in (D); 
  
 (F) the procedures the Holder must follow to exercise rights under Section 3.08 or Section 3.09 as
applicable and a brief description of those rights; 
  
 (G) briefly, the conversion rights of the Securities; 
  
 (H) the procedures for withdrawing a Purchase Notice or Fundamental Change Purchase Notice; 
  
 (I) that, unless the Company defaults in making payment of such Purchase Price or Fundamental Change Purchase Price, Original Issue
Discount and interest on Securities called for redemption will cease to accrue on and after the relevant Purchase Date or Fundamental Change Purchase Date; and 
  

(J) the CUSIP number of the Securities. 
  
 At the Company’s request, the Trustee shall give such Company Notice in the Company’s name and at the Company’s expense; provided, however,
that, in all cases, the text of such Company Notice shall be prepared by the Company. 
  
 (c) Procedure upon Purchase. The Company shall deposit cash, at the time and in the manner as provided in Section 3.12, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant
to a Purchase Notice or Fundamental Change Purchase Notice. 
  

 30 

 Section 3.11. Effect of Purchase Notice or Fundamental Change Purchase Notice. Upon receipt by the
Paying Agent of the Purchase Notice or Fundamental Change Purchase Notice, the Holder of the Security in respect of which such Purchase Notice or Fundamental Change Purchase Notice, as the case may be, was given shall (unless such Purchase Notice or
Fundamental Change Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price or Fundamental Change Purchase Price, as the case may be, with respect to such Security. Such
Purchase Price or Fundamental Change Purchase Price shall be paid to such Holder, subject to receipts of funds and/or securities by the Paying Agent, promptly following the later of (x) the Purchase Date or the Fundamental Change Purchase Date, as
the case may be, with respect to such Security (provided the conditions in Section 3.08 or Section 3.09, as applicable, 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 3.08 or 3.09, as applicable. Securities in respect of which a Purchase Notice or Fundamental Change Purchase Notice, as the case may be, has been given by the Holder thereof may not be converted pursuant to Article 11 hereof on
or after the date of the delivery of such Purchase Notice or Fundamental Change Purchase Notice, as the case may be, unless such Purchase Notice or Fundamental Change Purchase Notice, as the case may be, has first been validly withdrawn as specified
in the following two paragraphs. 
  
 A Purchase Notice or
Fundamental Change Purchase Notice, as the case may be, may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Purchase Notice or Fundamental Change Purchase Notice, as the case
may be, at any time prior to the close of business on the Business Day prior to the Purchase Date or the Fundamental Change Purchase Date, as the case may be, specifying: 
  
 (a) if certificated, the certificate number of the Security in respect of which such notice of withdrawal is being
submitted, 
  
 (b) the Principal Amount at Maturity of the
Security with respect to which such notice of withdrawal is being submitted, and 
  
 (c) the Principal Amount at Maturity, 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. 
  
 There shall be no purchase of any
Securities pursuant to Section 3.08 or Section 3.09 if there has occurred (prior to, on or after, as the case may be, the giving, by the Holders of such Securities, of the required Purchase Notice or Fundamental Change Purchase Notice, as the case
may be) and is continuing an Event of Default (other than a default in the payment of the Purchase Price or Fundamental Change Purchase Price, as the case may be, with respect to such Securities). The Paying Agent will promptly return to the
respective Holders 

  

 31 

 
thereof any Securities (x) with respect to which a Purchase Notice or Fundamental Change Purchase Notice, as the case may be, has been withdrawn in
compliance with this Indenture, or (y) held by it during the continuance of an Event of Default (other than a default in the payment of the Purchase Price or Fundamental Change Purchase Price, as the case may be, with respect to such Securities) in
which case, upon such return, the Purchase Notice or Fundamental Change Purchase Notice with respect thereto shall be deemed to have been withdrawn. 
  
 Section 3.12. Deposit of Purchase Price or Fundamental Change Purchase Price. Prior to 10:00 a.m. (New York City time) on the Business Day
following the Purchase Date or the Fundamental Change Purchase Date, as the case may be, 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 Purchase Price or Fundamental Change Purchase Price,
as the case may be, of all the Securities or portions thereof which are to be purchased as of the Purchase Date or Fundamental Change Purchase Date, as the case may be. 
  
 Section 3.13. Securities Purchased in Part. Any Security which 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 at Maturity equal to, and in exchange for, the portion of the Principal Amount at Maturity of the Security so surrendered which is not purchased. 
  
 Section 3.14. Covenant to Comply with Securities Laws upon Purchase of
Securities. In connection with any offer to purchase or purchase of Securities under Section 3.08 or 3.09 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 with Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act which may then
be applicable, (ii) file the related Schedule TO (or any successor schedule, form or report) or any other schedule required under the Exchange Act, and (iii) otherwise comply with all Federal and state securities laws so as to permit the rights and
obligations under Sections 3.08 or 3.09 to be exercised in the time and in the manner specified in Sections 3.08 or 3.09. 
  
 Section 3.15. Repayment to the Company. The Trustee and the Paying Agent shall return to the Company any cash that remains unclaimed as provided

  

 32 

 
in paragraph 14 of the Securities, together with interest, if any, thereon, held by them for the payment of the Purchase Price or Fundamental Change Purchase
Price, as the case may be; provided, however, that to the extent that the aggregate amount of cash deposited by the Company pursuant to Section 3.12 exceeds the aggregate Purchase Price or Fundamental Change Purchase Price, as the case may be, of
the Securities or portions thereof which the Company is obligated to purchase as of the Purchase Date or Fundamental Change Purchase Date, as the case may be, then promptly after the Business Day following the Purchase Date or Fundamental Change
Purchase Date, as the case may be, the Trustee shall return any such excess to the Company together with interest, if any, thereon. Notwithstanding anything contained herein, neither the Trustee nor the Paying Agent shall invest any such unclaimed
funds nor place any such unclaimed funds in an interest-bearing account or instrument. 
  
 ARTICLE 4 
 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, shall be deposited with the Trustee or Paying Agent by 10:00 a.m. New York City time by the Company. Principal
Amount at Maturity, Restated Principal Amount, Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change Purchase Price and cash or contingent interest, if any, shall be considered paid on the applicable
date due if on such date (or, in the case of a Purchase Price or Fundamental Change Purchase Price, on the Business Day following the applicable Purchase Date or Fundamental Change Purchase Date, as the case may be) the Trustee or the Paying Agent
holds, in accordance with this Indenture, money or securities, if permitted hereunder, sufficient to pay all such amounts then due. 
  
 The Company shall, to the extent permitted by law, pay cash 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 lieu of, and not in addition to, the continued accrual of Original Issue Discount. 
  
 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 

  

 33 

 
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 at the times the Company would have been required to provide reports had it continued to have been subject to such reporting requirements. The Company also shall comply with the other provisions of TIA
Section 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
  
 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 ending on September 30, 2005) an Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Company is
in default in the performance and 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. 
  
 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 Officer 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 office of Wachovia Bank, National Association, 40 Broad Street, 5th Floor, Suite 550, New York, NY 10004, 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 13.02. 
  

 34 

 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. Calculation of Original Issue Discount. The Company shall file with the Trustee promptly at the end of each calendar year (i) a
written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue
discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 
  
 ARTICLE 5 
 SUCCESSOR CORPORATION 
  
 Section 5.01. When 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 its properties and assets substantially as an entirety to any person, unless: 
  
 (a) either (1) the Company shall be the continuing corporation or (2) 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 (i) shall be organized and validly existing under the laws of the
United States or any State thereof or the District of Columbia and (ii) 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 and this Indenture; 
  
 (b) immediately after
giving effect to such transaction, no Default shall have occurred and be continuing; and 
  
 (c) the Company shall have delivered to the Trustee an Officers’ Certificate and 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 5 and that all conditions precedent herein provided for relating to such transaction have been satisfied. 
  
 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. 
  

 35 

 The successor person formed by such consolidation or into which the Company is merged or the successor
person 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 11.15, the Company shall be discharged from all obligations and covenants under this Indenture and the
Securities. Subject to Section 9.02, the Company, the Trustee and the successor person shall enter into a supplemental indenture to evidence the succession and substitution of such successor person and such discharge and release of the Company.

  
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
  

Section 6.01. Events of Default. An “Event of Default” occurs if: 
  
 (1) the Company defaults in the payment of: 
  
 (i) any cash interest upon any Security that has been
converted to a Cash Pay Security; or 
  
 (ii) any
contingent interest; 
  
 when such interest becomes due and
payable, and such default in payment of interest shall continue for 30 days; 
  
 (2) the Company defaults in the payment of the Principal Amount at Maturity (or, if the Securities have been converted to Cash Pay Securities following a Tax Event pursuant to Article 10, the Restated Principal
Amount), Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price or Fundamental Change Purchase Price on any Security when the same becomes due and payable at its Stated Maturity, upon redemption, upon declaration, when
due for purchase by the Company or otherwise; 
  
 (3) the Company
fails to deliver the Conversion Value (including cash in lieu of fractional shares) when required to be delivered upon conversion of a Security and such failure continues for 20 days; 
  
 (4) the Company fails to comply with any of its agreements in the Securities or this Indenture (other than those referred to
in clauses (1), (2) and (3) above) and such failure continues for 60 days after receipt by the Company of a Notice of Default; 
  

 36 

 (5) there shall be (i) a default under any bond, debenture, note or other evidence of indebtedness for
money borrowed or under any mortgage, indenture or other instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness by the Company or any Significant Subsidiary or by any Subsidiaries of the Company
which in the aggregate would constitute a Significant Subsidiary or under any guarantee of payment of Indebtedness by the Company or any Significant Subsidiary or by any Subsidiaries of the Company which in the aggregate would constitute a
Significant Subsidiary, whether such Indebtedness or guarantee now exists or shall hereafter be created, and the effect of such default is to cause such Indebtedness (or Indebtedness so guaranteed) to become due prior to its stated maturity or (ii)
a failure to pay at the stated maturity of any such Indebtedness (or Indebtedness so guaranteed) any amounts then due and owing thereunder, and in the case of both (i) and (ii), such default or failure to pay is not cured, or any acceleration of
amounts due relating thereto is not rescinded or annulled, in each case within 10 days after receipt by the Company of a Notice of Default; provided, however, that no Default under this clause (5) shall exist if all such defaults and failures to pay
relate to Indebtedness (including Indebtedness so guaranteed) with an aggregate principal amount of not more than $25,000,000 at the time outstanding; 
  
 (6) final judgments for the payment of money which in the aggregate exceed $25,000,000 at the time outstanding shall be rendered against the Company or
any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary by a court of competent jurisdiction and shall remain undischarged for a period (during which execution shall not be
effectively stayed) of 60 days after such judgment becomes final and nonappealable; or 
  
 (7) the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary pursuant to or under or within the meaning of any Bankruptcy Law:

  
 (A) commences a voluntary case or proceeding;

  
 (B) consents to the entry of an order for
relief against it in an involuntary case or proceeding or the commencement of any case against it; 
  
 (C) consents to the appointment of a Custodian of it or for any substantial part of its property; 
  
 (D) makes a general assignment for the benefit of its
creditors; 
  
 (E) files a petition in bankruptcy
or answer or consent seeking reorganization or relief; or 
  

 37 

 (F) consents to the filing of such a petition or the appointment of or taking possession
by a Custodian; or 
  
 (8) a court of competent jurisdiction
enters an order or decree under any Bankruptcy Law that: 
  
 (A) is for relief against the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary in an involuntary case or proceeding, or
adjudicates the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary insolvent or bankrupt; 
  
 (B) appoints a Custodian of the Company or any Significant Subsidiary or any Subsidiaries of the Company
which in the aggregate would constitute a Significant Subsidiary or for any substantial part of its or their properties; or 
  
 (C) orders the winding up or liquidation of the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the
aggregate would constitute a Significant Subsidiary; 
  
 and the
order or decree remains unstayed and in effect for 60 days. 
  
 “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors. 
  
 “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
  
 A Default under clause (4) or clause (5) above is not an Event of Default
until the Trustee notifies the Company, or the Holders of at least 25% in aggregate Principal Amount at Maturity of the Securities at the time outstanding notify the Company and the Trustee, of the Default and the Company does not cure such Default
(and such Default is not waived) within the time specified in clause (4) or clause (5) above after actual receipt of such notice. Any such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of
Default”. 
  
 The Company will deliver to the Trustee,
within five Business Days of becoming aware of the occurrence of an Event of Default, written notice thereof. In addition, the Company shall deliver to the Trustee, within 30 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 (4) or clause (5) above, its status and what action the Company is taking or proposes to take with respect thereto. 
  

 38 

 Section 6.02. Acceleration. If an Event of Default (other than an Event of Default specified in
Section 6.01 (7) or (8)) occurs and is continuing, the Trustee by Notice to the Company, or the Holders of at least 25% in aggregate Principal Amount at Maturity of the Securities at the time outstanding by notice to the Company and the Trustee, may
declare the Issue Price plus accrued Original Issue Discount and any accrued cash interest (or if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) through the date
of declaration (in the case of an Event of Default specified in Section 6.01(1) through (6)) or through the date of the Default (in the case of an Event of Default specified in Section 6.01(7) or (8)) on all the Securities to be immediately due and
payable. Upon such a declaration, such Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus
accrued interest) shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurs and is continuing, the Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities
have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) on all the Securities shall become and be immediately due and payable without any declaration or other act on the part of the
Trustee or any Securityholders. The Holders of a majority in aggregate Principal Amount at Maturity of the Securities at the time outstanding, by notice to the Trustee (and without notice to any other Securityholder) may rescind an acceleration and
its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of the Issue Price plus accrued Original Issue Discount and any accrued cash interest
(or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) that have become due solely as a result of acceleration and if all amounts due to the Trustee under
Section 7.06 have been paid. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 
  
 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 Issue Price plus accrued Original Issue Discount and any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) on the Securities 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 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. 
  

 39 

 Section 6.04. Waiver of Past Defaults. The Holders of a majority in aggregate Principal Amount at
Maturity of the Securities at the time outstanding, by notice to the Trustee (and without notice to any other Securityholder), may waive an existing Default and its consequences except (1) an Event of Default described in Section 6.01(1) or (2), (2)
a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Securityholder affected or (3) a Default which constitutes a failure to convert any Security in accordance with the terms of Article 11. 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 at Maturity 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
prejudicial to the rights of other Securityholders or would involve the Trustee in personal liability unless the Trustee is offered indemnity satisfactory to it against loss, liability or expense. 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: 

 
 (1) the Holder gives to the Trustee written notice
stating that an Event of Default is continuing; 
  
 (2) the Holders of at least 25% in aggregate Principal Amount at Maturity of the Securities at the time outstanding make a written request to the Trustee to pursue the remedy; 
  
 (3) such Holder or Holders offer to the Trustee reasonable security or indemnity satisfactory to the Trustee
against any loss, liability or expense; 
  
 (4)
the Trustee does not comply with the request within 60 days after receipt of such notice, request and offer of security or indemnity; and 
  

 40 

 (5) the Holders of a majority in aggregate Principal Amount at Maturity 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. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of the Principal Amount at Maturity (or, if the Securities have been converted to Cash Pay Securities following a Tax Event pursuant to
Article 10, the Restated Principal Amount), Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change Purchase Price or any accrued cash interest (or, if the Securities have been converted to Cash Pay
Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) in respect of the Securities held by such Holder, on or after the respective due dates expressed in the Securities or any Redemption Date, and to convert the
Securities in accordance with Article 11, 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(1) or (2) 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 7.06. 
  
 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 or any other obligor upon the Securities or the
property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the Principal Amount at Maturity, Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change
Purchase Price or any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) 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 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 the whole amount of the
Principal Amount at Maturity, Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change Purchase Price, or any accrued cash interest (or, if the Securities have been converted to Cash Pay 

  

 41 

 
Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) 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 7.06) 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 7.06. 
  
 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 6, it shall pay out the money in the following order:

  
 FIRST: to the Trustee for amounts due under Section 7.06;

  
 SECOND: to Securityholders for amounts due and unpaid on the
Securities for the Principal Amount at Maturity, Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price, Fundamental Change Purchase Price or any accrued cash interest (or, if the Securities have been converted to Cash
Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) 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. 
  
 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 

  

 42 

 
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 at Maturity 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 and to the extent legally enforceable) 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 the Principal Amount at Maturity, Issue Price plus accrued Original Issue Discount, Redemption
Price, Purchase Price, Fundamental Change Purchase Price or any accrued cash interest (or, if the Securities have been converted to Cash Pay Securities following a Tax Event, the Restated Principal Amount, plus accrued interest) in respect of
Securities, or any interest on such amounts, 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 and to the extent legally enforceable) 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. 
  
 ARTICLE 7 
 TRUSTEE 
  
 Section 7.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default. The Trustee, prior to the occurrence of an Event of
Default hereunder and after the curing or waiving of all such Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default hereunder
has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the
circumstances in the conduct of his own affairs. 
  

 43 

 No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
negligent action, its own negligent failure to act or its own willful misconduct, except that: 
  
 (a) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all such Events of Default which may have occurred:

  
 (i) the duties and obligations of the Trustee
shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or
obligations shall be read into this Indenture against the Trustee; and 
  
 (ii) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any statements,
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such statements, certificates or opinions which by any provision hereof are specifically required to be furnished to the
Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture; 
  
 (b) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless
it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
  
 (c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders pursuant to Section 6.05 relating to the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture. 
  

None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers, if the Trustee believes in good faith that the repayment of such funds or adequate indemnity against such liability is not reasonably assured to it.

  
 The provisions of this Section 7.01 are in furtherance of and
subject to Sections 315 and 316 of the TIA. 
  

 44 

 Section 7.02. Certain Rights of the Trustee. In furtherance of and subject to the TIA and subject
to Section 7.01: 
  
 (a) the Trustee may conclusively rely and
shall be fully protected in acting or refraining from acting upon any resolution, Officers’ Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon, security
or other paper or document (whether in original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper party or parties; 
  
 (b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an
Officers’ Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the secretary or an assistant
secretary of the Company; 
  
 (c) the Trustee may consult with
counsel of its selection and any advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in accordance with such advice or
Opinion of Counsel; 
  
 (d) the Trustee shall be under no
obligation to exercise any of the trusts or powers vested in it by this Indenture with the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the
Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred therein or thereby; 
  
 (e) the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion,
rights or powers conferred upon it by this Indenture; 
  
 (f)
prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all such Events of Default, 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, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document unless requested in writing to do so by the Holders of not less than a majority in
aggregate Principal Amount at Maturity of the Securities then outstanding; provided that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation
is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to proceeding;
the reasonable expenses of every such investigation shall be paid by the Company or, if paid by the Trustee or any predecessor trustee, shall be repaid by the Company upon demand; and 
  
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys 

  

 45 

 
not regularly in its employ and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent or attorney appointed
with due care by it hereunder. 
  
 Section 7.03. Trustee Not
Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the
Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or
application by the Company of any of the Securities or of the proceeds thereof. 
  
 Section 7.04. Trustee and Agents May Hold Securities; Collections, etc. The Trustee or any agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of
Securities with the same rights it would have if it were not the Trustee or such agent and, subject to Sections 7.08 and 7.13, if operative, may otherwise deal with the Company and receive, collect, hold and retain collections from the Company with
the same rights it would have if it were not the Trustee or such agent. 
  
 Section 7.05. Moneys Held by Trustee. Subject to the provisions of Section 8.02 hereof, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were
received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Company or the Trustee shall be under any liability for interest on any moneys received by
it hereunder. 
  
 Section 7.06. Compensation and
Indemnification of Trustee and its Prior Claim. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation (which shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust) to be agreed to in writing by the Trustee and the Company, and the Company covenants and agrees to pay or reimburse the Trustee and each predecessor Trustee upon its request for all reasonable
expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including (i) the reasonable compensation and the expenses and disbursements of its counsel and of all agents and
other persons not regularly in its employ and (ii) interest at the prime rate on any disbursements and advances made by the Trustee and not paid by the Company within 5 days after receipt of an invoice for such disbursement or advance) except any
such expense, disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct. The Company also covenants to indemnify the Trustee and each predecessor Trustee for, and to hold it harmless against, any
loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this 

  

 46 

 
Indenture or the trusts hereunder and its duties hereunder, including the costs and expenses of defending itself against or investigating any claim of
liability in the premises. The obligations of the Company under this Section to compensate and indemnify the Trustee and each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and
advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities, and the Securities are hereby effectively subordinated to such senior claim to such extent. The provisions of this Section shall
survive the termination of this Indenture. 
  
 Section 7.07.
Right of Trustee to Rely on Officers’ Certificate, etc. Subject to Sections 7.01 and 7.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed
to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action
taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
  
 Section 7.08. Conflicting Interests. If the Trustee has or shall acquire a conflicting interest within the meaning of the TIA, the Trustee shall
either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the TIA. 
  
 Section 7.09. Persons Eligible for Appointment as Trustee. The Trustee shall at all times be a corporation or banking association having a combined
capital and surplus of at least $50,000,000. If such corporation or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the
purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 
  
 Section 7.10. Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee, or any trustee or trustees hereafter appointed, may at
any time resign with respect to one or more or all series of Securities by giving written notice of resignation to the Company and by mailing notice thereof by first class mail to the Holders of Securities at their last addresses as they shall
appear on the Security register. Upon receiving such notice of resignation, the 

  

 47 

 
Company shall promptly appoint a successor trustee or trustees by written instrument in duplicate, executed by authority of the Board of Directors, one copy
of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of
resignation, the resigning trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security for at least six
months may, subject to the provisions of Section 7.11, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem
proper and prescribe, appoint a successor trustee. 
  
 (b) In case
at any time any of the following shall occur: 
  
 (i) the Trustee shall fail to comply with the provisions of Section 7.08 with respect to any Securities after written request therefor by the Company or by any Securityholder who has been a bona fide Holder of a Security for at least six
months; or 
  
 (ii) the Trustee shall cease to be
eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor by the Company or by any Securityholder; or 
  

(iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent, or a receiver or liquidator of the
Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation; or 
  
 (iv) the Company shall determine that the Trustee has failed
to perform its obligations under this Indenture in any material respect; 
  
 then,
in any such case, the Company may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors of the Company, one copy of which instrument shall be delivered to the Trustee so
removed and one copy to the successor trustee, or, subject to the provisions of Section 7.11, any Securityholder who has been a bona fide Holder of a Security for at least six months may on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a
successor trustee. If no successor trustee shall have been appointed and have accepted appointment within 30 days after a notice of removal has been given, the removed trustee may petition, at the expense of the Company, a court of competent
jurisdiction for the appointment of a successor trustee. 
  

 48 

 (c) The Holders of a majority in aggregate Principal Amount at Maturity of the Securities at the time
outstanding may at any time remove the Trustee and appoint a successor trustee by delivering to the Trustee so removed, to the successor trustee so appointed and to the Company the evidence provided for in Section 1.05 of the action in that regard
taken by the Securityholders. 
  
 (d) Any resignation or removal
of the Trustee and any appointment of a successor trustee pursuant to any of the provisions of this Section 7.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 
  
 Section 7.11. Acceptance of Appointment by Successor Trustee. Any
successor trustee appointed as provided in Section 7.10 shall execute and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee
shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee
hereunder; but, nevertheless, on the written request of the Company or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall pay over to the successor trustee all moneys at the time held by it hereunder
and shall execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and obligations. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more
fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a prior claim upon all property or funds held or collected by such trustee to secure any
amounts then due it pursuant to the provisions of Section 7.06. 
  
 No successor trustee shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section
7.09. 
  
 Upon acceptance of appointment by any successor trustee
as provided in this Section 7.11, the Company shall mail notice thereof by first class mail to the Holders of Securities at their last addresses as they shall appear in the register. If the acceptance of appointment is substantially contemporaneous
with the resignation, then the notice called for by the preceding sentence may be combined with the notice called for by Section 7.10. If the Company fails to mail such notice within ten days after acceptance of appointment by the successor trustee,
the successor trustee shall cause such notice to be mailed at the expense of the Company. 
  
 Section 7.12. Merger, Conversion, Consolidation or Succession to Business of Trustee. Any corporation or banking association into which the 

  

 49 

 
Trustee may be merged or converted or with which it may be consolidated, or any corporation or banking association resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation or banking association, succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided that
such corporation or banking association shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding. In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been authenticated but not delivered, any such
successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee and deliver such Securities so authenticated; and, in case at that time any of the Securities shall not have been authenticated, any successor to the
Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificate shall have the full force and effect that this Indenture provides for the
certificate of authentication of the Trustee; provided, that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or
successors by merger, conversion or consolidation. 
  
 Section
7.13. Preferential Collection of Claims Against the Company. The Trustee shall comply with the provisions of Section 311 of the TIA. 
  
 Section 7.14. Reports by The Trustee. (a) The Trustee shall transmit to Holders and other persons such reports concerning the Trustee and its
actions under this Indenture as may be required pursuant to the TIA on or before July 15 in each year that such report is required, such reports to be dated as of the immediately preceding May 15. 
  
 (b) A copy of each such report shall, at the time of such transmission to
Securityholders, be furnished to the Company and be filed by the Trustee with each stock exchange upon which the Securities are listed and also with the SEC. The Company agrees to notify the Trustee when and as the Securities become admitted to
trading on any national securities exchange. 
  
 Section 7.15.
Trustee to Give Notice of Default, but May Withhold in Certain Circumstances. The Trustee shall transmit to the Securityholders, as the names and addresses of such Holders appear on the Security register, notice by mail of all Defaults which
have occurred, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such; provided that, except in the case of Default in the payment of the principal of, interest
on, or other similar obligation with respect to, any of the Securities, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or
Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders. 
  

 50 

 ARTICLE 8 
 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 the Company deposits with the Trustee cash 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 7.06, 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 of the Company accompanied by an Officers’ Certificate and Opinion of Counsel and at the cost and expense of the Company.

  
 Section 8.02. Repayment to the Company. 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 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 9 
 AMENDMENTS

  
 Section 9.01. Without Consent of Holders. The Company
and the Trustee may amend this Indenture or the Securities without the consent of any Securityholder: 
  
 (1) to cure any ambiguity, omission, defect or inconsistency; provided, however, that such amendment does not materially adversely affect
the rights of any Securityholder; 
  
 (2) to
comply with Article 5 or Section 11.15; 
  
 (3)
to provide for uncertificated Securities in addition to the certificated securities so long as such uncertificated Securities are in registered form for purposes of the Internal Revenue Code of 1986, as amended; 
  

 51 

 (4) to make any change that does not materially adversely affect the rights of any
Securityholder; 
  
 (5) to make any change to
comply with the TIA, or any amendment thereto, or to comply with any requirement of the SEC in connection with the qualification of the Indenture under the TIA; or 
  
 (6) to add to the Company’s covenants or obligations under this Indenture for the protection of the
Holders or surrender any right, power or option conferred by this Indenture on the Company. 
  
 Section 9.02. With Consent of Holders. With the written consent of the Holders of at least a majority in aggregate Principal Amount at Maturity of the Securities at the time outstanding, the Company and the
Trustee may amend this Indenture or the Securities. However, without the consent of each Securityholder affected, an amendment to this Indenture or the Securities may not: 
  
 (1) make any change to the Principal Amount at Maturity of Securities whose Holders must consent to an
amendment; 
  
 (2) make any change in the manner
or rate of accrual in connection with Original Issue Discount, cash interest or contingent interest, reduce the rate of contingent interest referred to in paragraph 10 of the Securities, reduce the rate of interest referred to in Section 10.01 upon
the occurrence of a Tax Event, or extend the time for payment of Original Issue Discount or cash interest on any Security; 
  
 (3) reduce the Principal Amount at Maturity, Restated Principal Amount or the Issue Price of or extend the Stated Maturity of any
Security; 
  
 (4) reduce the Redemption Price,
Purchase Price or Fundamental Change Purchase Price of any Security; 
  
 (5) make any Security payable in money or securities other than that stated in the Security; 
  
 (6) make any change in Section 6.04, Section 6.07 or this Section 9.02, except to increase any percentage set forth therein; 

 
 (7) make any change that adversely affects the right to
convert any Security; 
  

 52 

 (8) make any change that adversely affects the right to require the Company to purchase
the Securities in accordance with the terms thereof and this Indenture; or 
  
 (9) impair the right to institute suit for the enforcement of any payment with respect to, or conversion of, the Securities. 
  
 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, 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. 
  
 Section 9.03. Compliance with Trust Indenture Act. Every supplemental indenture executed pursuant to this Article shall comply with the TIA.

  
 Section 9.04. Revocation and Effect of Consents, Waivers
and Actions. 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 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, 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 9 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 be provided with, and (subject to the provisions of Section 7.01) 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.

  

 53 

 Section 9.07. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture
under this Article, 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 10 
 SPECIAL TAX EVENT CONVERSION 
  
 Section 10.01. Optional Conversion to Cash Pay Securities Upon Tax Event. From and after (i) the date (the
“Tax Event Date”) of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the “Option Exercise Date”), at the option of the Company, interest in lieu of future
Original Issue Discount and regular cash interest shall accrue at the rate of 0.875% per annum on a restated principal amount per $1,000 original Principal Amount at Maturity (the “Restated Principal Amount”) equal to the Issue
Price plus Original Issue Discount accrued through the Option Exercise Date and shall be payable on each Interest Payment Date to Holders of record at the close of business on the Regular Record Date immediately preceding such Interest Payment Date.
Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of
the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by facsimile and first-class mail to the Trustee and within 15 days of its exercise of such option the Company shall mail a written notice of the Option
Exercise Date by facsimile and first-class mail to the Trustee and by first class mail to the Holders of the Securities. From and after the Option Exercise Date, (i) the Company shall be obligated to pay at Stated Maturity, in lieu of the Principal
Amount at Maturity of a Security, the Restated Principal Amount thereof and (ii) “Issue Price and accrued Original Issue Discount,” “Issue Price plus Original Issue Discount” or similar words, as used herein, shall mean Restated
Principal Amount plus accrued and unpaid interest with respect to any Security. Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to
the conversion of the Securities to Cash Pay Securities. 
  
 Section 10.02. Payment of Cash Interest; Interest Rights Preserved. (a) Cash interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the person in whose
name that Security is registered at the close of business on the Regular Record Date for such cash interest at the office or agency of the Company maintained for such purpose. Each installment of cash interest on any Security shall be paid in
same-day funds by transfer to an account maintained by the payee located inside the United States. In the case of a permanent Global Security, any cash interest payable on any Interest Payment Date will be paid to the Depositary, with respect

  

 54 

 
to that portion of such permanent Global Security held for its account by Cede & Co. for the purpose of permitting such party to credit the cash interest
received by it in respect of such permanent Global Security to the accounts of the beneficial owners thereof. 
  
 (b) Except as otherwise specified with respect to the Securities, any cash interest on any Security that is payable, but is not punctually paid or duly
provided for within 30 days following, on any Interest Payment Date (herein called “Defaulted Interest”, which term shall include any accrued and unpaid interest that has accrued on such defaulted amount in accordance with paragraph
1 of the Securities), shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, as its election in each
case, as provided in clause (1) or (2) below: 
  
 (1) The Company may elect to make payment of any Defaulted Interest to the persons in whose names the Securities are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be
fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security and the date of the proposed payment (which shall not be less than 20 days after such notice is
received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the
Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a
Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the
proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be mailed, first-class postage prepaid, to each Holder of Securities at his address as it appears on the list of Securityholders maintained pursuant to Section 2.05 not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the persons in whose names the Securities are registered at the close of business on such
Special Record Date and shall no longer be payable pursuant to the following clause (2). 
  
 (2) The Company may make payment of any Defaulted Interest on the Securities in any other lawful manner not inconsistent with the 

  

 55 

 
requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice
given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
  
 Subject to the foregoing provisions of this Section and Section 2.06, each Security delivered under this Indenture upon registration of transfer of or in
exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
  

ARTICLE 11 
 CONVERSION

  
 Section 11.01. Conversion Privilege. A Holder of a
Security may convert such Security at any time during the period in which the conditions stated in paragraph 8 of the Securities are met. The cash and number of shares, if any, of Class A Common Stock issuable upon conversion of a Security per
$1,000 of Principal Amount at Maturity thereof (the “Conversion Rate”) shall be that set forth in paragraph 8 in the Securities, subject to adjustment as herein set forth. 
  
 A Holder may convert a portion of the Principal Amount at Maturity of a
Security if the portion converted is in a $1,000 Principal Amount at Maturity or an integral multiple of $1,000. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security.

  
 “Average Quoted Price” means the average of
the Sale Prices of the Class A Common Stock for the shorter of 
  
 (i) 30 consecutive trading days ending on the last full trading day prior to the Time of Determination with respect to the rights, warrants or options or distribution in respect of which the Average Quoted Price is
being calculated, or 
  
 (ii) the period (x)
commencing on the date next succeeding the first public announcement of (a) the issuance of rights, warrants or options or (b) the distribution, in each case, in respect of which the Average Quoted Price is being calculated and (y) proceeding
through the last full trading day prior to the Time of Determination with respect to the rights, warrants or options or distribution in respect of which the Average Quoted Price is being calculated (excluding days within such period, if any, which
are not trading days), or 
  
 (iii) the period,
if any, (x) commencing on the date next succeeding the Ex-Dividend Time with respect to the next preceding (a) issuance of rights, warrants or options or (b) distribution, in each case, for 

  

 56 

 
which an adjustment is required by the provisions of Section 11.06(4), 11.07, 11.08 or 11.09 and (y) proceeding through the last full trading day prior to
the Time of Determination with respect to the rights, warrants or options or distribution in respect of which the Average Quoted Price is being calculated (excluding days within such period, if any, which are not trading days). 
  
 In the event that the Ex-Dividend Time (or in the case of a subdivision,
combination or reclassification, the effective date with respect thereto) with respect to a dividend, subdivision, combination or reclassification to which Section 11.06(1), (2), (3) or (5) applies occurs during the period applicable for calculating
“Average Quoted Price” pursuant to the definition in the preceding sentence, “Average Quoted Price” shall be calculated for such period in a manner determined by the Board of Directors to reflect the impact of such
dividend, subdivision, combination or reclassification on the Sale Price of the Common Stock during such period. 
  
 “Time of Determination” means the time and date of the earlier of (i) the determination of stockholders entitled to receive rights,
warrants or options or a distribution, in each case, to which Section 11.07, 11.08 or 11.09 applies and (ii) the time (“Ex-Dividend Time”) immediately prior to the commencement of “ex-dividend” trading for such
rights, warrants or options or distribution on the New York Stock Exchange or such other national or regional exchange or market on which the Class A Common Stock is then listed or quoted. 
  
 Section 11.02. Conversion Procedure. To convert a Security a Holder
must satisfy the requirements in paragraph 8 of the Securities. The date on which the Holder satisfies all those requirements is the conversion date (the “Conversion Date”). 
  
 Upon conversion, the Company will deliver, for each Security, consideration
having a value equal to the product of the Conversion Rate multiplied by the average of the Sale Price of the Company’s Class A Common Stock on each of the five consecutive trading days beginning on the third Business Day following the
Conversion Date of the Securities (the “Applicable Stock Price”). This consideration (the “Conversion Value”) will be paid in cash (the “Required Cash Amount”) in an amount equal to the lesser of
(a) the Accreted Value on the Conversion Date and (b) the product of the Conversion Rate multiplied by the Applicable Stock Price and the remainder, if any, will be paid, at the Company’s election, in cash, shares of Class A Common Stock or a
combination thereof. The Company will give notice no later than two Business Days after the Conversion Date to Holders who convert at their addresses shown in the register of the Registrar, and to Beneficial Owners as required by applicable law
stating whether the Company will pay the Conversion Value in excess of the Required Cash Amount in cash, in Class A Common Stock or in a combination thereof, specifying the percentages of the Conversion Value. If a portion of the Conversion Value is
to be paid in shares of the Class A Common Stock, the 

  

 57 

 
number of shares to be delivered will equal (a)(i) the Conversion Rate multiplied by the Applicable Stock Price, minus (ii) the total of the Required Cash
Amount and any additional cash paid as consideration, divided by (b) the Applicable Stock Price. 
  
 As soon as practicable after the date of the Company’s determination of the Conversion Value, the Company shall deliver to the Holder, through the
Conversion Agent, the Conversion Value in cash and a certificate for the number of full shares, if any, of Class A Common Stock issuable upon the conversion and any additional cash in lieu of any fractional share determined pursuant to Section
11.03. The person in whose name the certificate, if any, is registered shall be treated as a stockholder of record on and after 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 Class A Common Stock, if any, upon such conversion as the record holder or holders of such shares of Class A Common Stock on such date,
but such surrender shall be effective to constitute the person or persons entitled to receive such shares of Class A Common Stock, if any, 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; such conversion shall be at the Conversion Rate in effect on the date that such 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 dividends on, or other distributions with respect to, any shares of Class A Common Stock except as provided in this Article 11. On conversion of a Security, that portion of
accrued Original Issue Discount (or interest, if the Company has exercised its option provided for in Section 10.01) or (except as provided below) accrued cash interest attributable to the period from the Issue Date (or, if the Company has exercised
the option provided for in Section 10.01, the later of (x) the date of such exercise and (y) the date on which interest was last paid) of the Security or the date on which interest was last paid through the Conversion Date with respect to the
converted Security shall not be cancelled, extinguished or forfeited, but rather shall be deemed to be paid in full to the Holder thereof through delivery of the cash and shares, if any, of Class A Common Stock (together with the cash payment, if
any, in lieu of fractional shares) in exchange for the Security being converted pursuant to the provisions hereof; and the fair market value of such cash and shares, if any, of Class A Common Stock (together with any such cash payment in lieu of
fractional shares) shall be treated as issued, to the extent thereof, first in exchange for Original Issue Discount (or interest, if the Company has exercised its option provided for in Section 10.01) and cash interest accrued through the Conversion
Date, and the balance, if any, of such fair market value of such cash and shares, if any, of Class A Common Stock (and any such cash payment) shall be treated as issued in exchange for the Issue Price of the Security 
  

 58 

 
being converted pursuant to the provisions hereof. Notwithstanding the foregoing, accrued but unpaid cash interest will be payable upon conversion of
Securities made concurrently with or after acceleration of Securities following an Event of Default. 
  
 If the Holder converts more than one Security at the same time, the cash payment and the number of shares, if any, of Class A Common Stock issuable upon
the conversion shall be based on the total Principal Amount at Maturity of the Securities converted. 
  
 If the last day on which a Security may be converted is a Legal Holiday, the Security may be surrendered on the next succeeding day that is not a Legal
Holiday. 
  
 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 in an authorized denomination equal in Principal Amount at Maturity to the unconverted portion of the Security surrendered. 
  
 Section 11.03. Fractional Shares. The Company will not issue a
fractional share of Class A Common Stock upon conversion of a Security. Instead, the Company will deliver cash for the current market value of the fractional share. The current market value of a fractional share shall be determined, to the nearest
1/1,000th of a share, by multiplying the Sale Price, on the last trading day prior to the Conversion Date, of a full share by the fractional amount and rounding the product to the nearest whole cent. 
  
 Section 11.04. 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, if any, of Class A Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the
shares, if any, to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates, if any, representing the Class A 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, if any, 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 11.05. Company to Provide Stock. The Company
shall, prior to issuance of any Securities under this Article 11, and from time to time as may be necessary, reserve out of its authorized but unissued shares of Class A Common Stock a sufficient number of shares of Common Stock to permit the
conversion of the Securities. 
  
 All shares, if any, of Class A
Common Stock delivered upon conversion of the Securities shall be newly issued shares or treasury shares, shall be duly and validly issued and fully paid and nonassessable and shall be free from preemptive rights and free of any lien or adverse
claim. 
  

 59 

 The Company will endeavor promptly to comply with all federal and state securities laws regulating the
offer and delivery of shares, if any, of Class A Common Stock upon conversion of Securities, if any, and will list or cause to have quoted such shares of Class A Common Stock on each national securities exchange or in the over-the-counter market or
such other market on which the Class A Common Stock is then listed or quoted. 
  
 Section 11.06. Adjustment for Change in Capital Stock. If, after the date of this Indenture, the Company: 
  
 (1) pays a dividend or makes a distribution on its Class A Common Stock in shares of its Class A Common Stock; 
  
 (2) subdivides its outstanding shares of Class A Common
Stock into a greater number of shares; 
  
 (3)
combines its outstanding shares of Class A Common Stock into a smaller number of shares; 
  
 (4) pays a dividend or makes a distribution on its Class A Common Stock in shares of its Capital Stock (other than Class A Common Stock or
rights, warrants or options for its Capital Stock); or 
  
 (5) issues by reclassification of its Class A Common Stock any shares of its Capital Stock (other than rights, warrants or options for its Capital Stock); 
  
 then the conversion privilege and the Conversion Rate in effect immediately prior to such action shall be adjusted so that the Holder of a
Security thereafter converted may receive the number of shares of Capital Stock of the Company which such Holder would have owned immediately following such action if such Holder had converted the Security immediately prior to such action.

  
 The adjustment shall become effective immediately after the
record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. 
  
 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 Rate 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 11 with respect to the Class A Common Stock, on terms comparable
to those applicable to Class A Common Stock in this Article 11. 
  

 60 

 Section 11.07. Adjustments for Rights Issue. If after the date of this Indenture, the Company
distributes any rights, warrants or options to all holders of its Class A Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Class A Common Stock at a price per share
less than the Market Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: 
  

					
	R’ = R x	 	 (O + N)

	 	 
	 	 	(O + (N x P)/M)	 	 

  
 where: 
  
 R’ = the adjusted Conversion Rate. 
  
 R = the current Conversion Rate. 
  
 O = the number of shares of Class A Common Stock outstanding on the record
date for the distribution to which this Section 11.07 is being applied. 
  
 N = the number of additional shares of Class A Common Stock offered pursuant to the distribution. 
  
 P = the offering price per share of the additional shares. 
  
 M = the Average Quoted Price, minus, in the case of (i) a distribution to which Section 11.06(4) applies or (ii) a distribution to which Section 11.08 or
11.09 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination
for the distribution to which this Section 11.07 applies, the fair market value (on the record date for the distribution to which this Section 11.07 applies) of the 
  
 (1) Capital Stock of the Company distributed in respect of each share of Class A Common Stock in such
Section 11.06(4) distribution and 
  
 (2) assets
of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Class A Common Stock in such Section 11.08 or 11.09 distribution. 
  
 The Board of Directors shall determine fair market values for purposes of this Section 11.07.

  
 The adjustment shall become effective immediately after the
record date for the determination of shareholders entitled to receive the rights, warrants or 

  

 61 

 
options to which this Section 11.07 applies. If all of the shares of Class A Common Stock subject to such rights, warrants or options have not been issued
when such rights, warrants or options expire, then the Conversion Rate shall promptly be readjusted to the Conversion Rate which would then be in effect had the adjustment upon the issuance of such rights, warrants or options been made on the basis
of the actual number of shares of Class A Common Stock issued upon the exercise of such rights, warrants or options. 
  
 No adjustment shall be made under this Section 11.07 if the application of the formula stated above in this Section 11.07 would result in a value of
R’ that is equal to or less than the value of R. 
  
 Section
11.08. Adjustments for Other Distributions. If, after the date of this Indenture, the Company distributes to all holders of its Class A Common Stock any of its assets, or evidences of indebtedness of the Company or any rights, warrants or
options to purchase securities of the Company (including securities or cash, but excluding (x) distributions of Capital Stock referred to in Section 11.06 and distributions of rights, warrants or options referred to in Section 11.07 and (y) cash
dividends or other cash distributions (i) to which Section 11.09 applies, or (ii) that are paid out of consolidated current net earnings or earnings retained in the business as shown on the books of the Company unless such cash dividends or other
cash distributions are Extraordinary Cash Dividends) the Conversion Rate shall be adjusted, subject to the provisions of the last paragraph of this Section 11.08, in accordance with the formula: 
  

					
	R’ =	  	 R x M

	 	 
	 	  	M-F	 	 

  
 where: 
  
 R’ = the adjusted Conversion Rate. 
  
 R = the current Conversion Rate. 
  
 M = the Average Quoted Price, minus, in the case of a distribution to which
Section 11.06(4) applies, for 
  
 which (i) the record date shall
occur on or before the record date for the distribution to which this Section 11.08 applies and (ii) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 11.08 applies, the
fair market value (on the record date for the distribution to which this Section 11.08 applies) of any Capital Stock of the Company distributed in respect of each share of Class A Common Stock in such Section 11.06(4) distribution. 
  

 62 

 F = the fair market value (on the record date for the distribution to which this Section 11.08 applies)
of the assets, securities, rights, warrants or options to be distributed in respect of each share of Class A Common Stock in the distribution to which this Section 11.08 is being applied (including, in the case of cash dividends or other cash
distributions giving rise to an adjustment, all such cash distributed concurrently). 
  
 The Board of Directors shall determine fair market values for purposes of this Section 11.08. 
  
 The adjustment shall become effective immediately after the record date for the determination of shareholders entitled to receive the distribution to
which this Section 11.08 applies. 
  
 For
purposes of this Section 11.08, the term “Extraordinary Cash Dividend” shall mean any cash dividend with respect to the Class A Common Stock the amount of which, together with the aggregate amount of cash dividends on the Class A
Common Stock to be aggregated with such cash dividend in accordance with the provisions of this paragraph, equals or exceeds the threshold percentages set forth below: 
  
 If, upon the date prior to the Ex-Dividend Time with respect to a cash dividend on the Class A Common Stock, the aggregate
amount of such cash dividend together with the amounts of all cash dividends on the Class A Common Stock with Ex-Dividend Times occurring in the 365 consecutive day period ending on the date prior to the Ex-Dividend Time with respect to the cash
dividend to which this provision is being applied equals or exceeds on a per share basis 10% of the Market Price of the Class A Common Stock on the trading day immediately preceding the date of declaration of such dividend with respect to the cash
dividend to which this provision is being applied, such cash dividend together with each other cash dividend with an Ex-Dividend Time occurring in such 365 day period shall be deemed to be an Extraordinary Cash Dividend and for purposes of applying
the formula set forth above in this Section 11.08, the value of “F” shall be equal to (y) the aggregate amount of such cash dividend together with the amounts of the other cash dividends with Ex-Dividend Times occurring in such
period minus (z) the aggregate amount of such other cash dividends with Ex-Dividend Times occurring in such period for which a prior adjustment in the Conversion Rate was previously made under this Section 11.08. 
  
 In making the determinations required by items (i) and (ii) above, the
amount of cash dividends paid on a per share basis and the average of the Market Prices, in each case during the period specified in item (i) or (ii) above, as applicable, shall be appropriately adjusted to reflect the occurrence during such period
of any event described in Section 11.06. 
  

 63 

 In the event that, with respect to any distribution to which this Section 11.08 would otherwise apply,
the difference “M-F” as defined in the above formula is less than $1.00 or “F” is equal to or greater than “M”, then the adjustment provided by this Section 11.08 shall not be made and in lieu
thereof the provisions of Section 11.15 shall apply to such distribution. 
  
 In addition, in case a tender or exchange offer (other than an odd-lot offer) made by, the Company or any Subsidiary of the Company for all or any portion of the Company’s Common Stock shall expire and such
tender or exchange offer shall involve the payment by the Company or such Subsidiary of consideration per share of Class A Common Stock having a fair market value (as determined in good faith by the Board of Directors, whose determination shall be
conclusive and described in a resolution of the Board of Directors) at the last time (the “Expiration Time”) tenders or exchanges may be made pursuant to such tender or exchange offer (as it shall have been amended) that exceeds
110% of the Market Price on the trading day next succeeding the Expiration Time, the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion Rate in effect immediately prior to the
effectiveness of the Conversion Rate increase contemplated by this paragraph by a fraction of which the numerator shall be the sum of (x) the fair market value (determined as aforesaid) of the aggregate consideration payable to stockholders based on
the acceptance (up to any maximum specified in the terms of the tender or exchange offer) of all shares validly tendered or exchanged and not withdrawn as of the Expiration Time (the shares deemed so accepted, up to any such maximum, being referred
to as the “Purchased Shares”) and (y) the product of the number of shares of Class A Common Stock outstanding (less any Purchased Shares) at the Expiration Time and the Market Price on the trading day next succeeding the Expiration
Time, and the denominator shall be the number of shares of Class A Common Stock outstanding (including any tendered or exchanged shares) at the Expiration Time multiplied by the Market Price on the trading day next succeeding the Expiration Time,
such increase to become effective immediately prior to the opening of business on the day following the Expiration Time. 
  
 Section 11.09. Adjustments for Cash Distributions Prior to January 28, 2007. If, after the date of this Indenture, and prior to January 28, 2007,
the Company distributes to all holders of its Class A Common Stock dividends or other distributions consisting exclusively of cash (excluding (x) any cash that is distributed as part of a distribution referred to in Section 11.08 and (y) any
quarterly cash dividend on the Class A Common Stock to the extent that such quarterly cash dividend, together with any other cash dividends on the Class A Common Stock with Ex-Dividend Times occurring in the 365 consecutive day period ending on the
date prior to the Ex-Dividend Time with respect to the cash dividend to which this provision is being applied, does not exceed, per share of Class A Common Stock, four times the Dividend Amount), the Conversion Rate shall be adjusted in accordance
with the formula: 
  

					
	R’ = R x	  	 M

	 	 
	 	  	M -D	 	 

  

 64 

 where: 
  
 R’ = the adjusted Conversion Rate. 
  
 R = the current Conversion Rate. 
  
 M = the Average Quoted Price. 
  
 D = the cash distributed in respect of each share of Class A Common Stock for which this Section 11.09 applies, which per share amount, in the case of a
quarterly dividend subject to this Section 11.09, shall be based on the amount of cash distributed in excess of the Dividend Amount. 
  
 The adjustment shall become effective immediately after the record date for the determination of shareholders entitled to receive the distribution to
which this Section 11.09 applies. 
  
 The “Dividend
Amount” means $0.04 per share. The Dividend Amount shall be adjusted whenever the Conversion Rate is adjusted by multiplying the Dividend Amount by a fraction, the number of which is the Conversion Rate in effect immediately prior to the
adjustment thereof, and the denominator of which is the Conversion Rate as so adjusted, provided that to no adjustment will be made to the Dividend Amount for any adjustment made to the Conversion Rate pursuant to this Section 11.09. 
  
 Section 11.10. When Adjustment May Be Deferred. No adjustment in the
Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment.

  
 All calculations under this Article 11 shall be made to the
nearest cent or to the nearest 1/1,000th of a share, as the case may be. 
  
 Section 11.11. When No Adjustment Required. No adjustment need be made for a transaction referred to in Section 11.06, 11.07, 11.08, 11.09 or 11.15 if Securityholders are to participate in the transaction on a
basis and with notice that the Board of Directors determines to be fair and appropriate in light of the basis and notice on which holders of Class A Common Stock participate in the transaction. Such participation by Securityholders may include
participation upon conversion provided that an adjustment shall be made at such time as the Securityholders are no longer entitled to participate. 
  

 65 

 No adjustment need be made for rights to purchase Class A Common Stock pursuant to a Company plan for
reinvestment of dividends or interest. 
  
 No adjustment need be
made for a change in the par value or no par value of the Common Stock. 
  
 To the extent the Securities become convertible pursuant to this Article 11 into cash, no adjustment need be made thereafter as to the cash. Interest will not accrue on the cash. 
  
 Section 11.12. Notice of Adjustment. Whenever the Conversion Rate is adjusted, the Company shall promptly mail to
Securityholders a notice of the adjustment. The Company shall file with the Trustee and the Conversion Agent such notice and a certificate from the Company’s independent public accountants briefly stating the facts requiring the adjustment and
the manner of computing it. The certificate shall be conclusive evidence that the adjustment is correct. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate except to exhibit
the same to any Holder desiring inspection thereof. 
  
 Section
11.13. Voluntary Increase. The Company from time to time may increase the Conversion Rate by any amount for any period of time. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and
the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect.

  
 A voluntary increase of the Conversion Rate does not change or
adjust the Conversion Rate otherwise in effect for purposes of Section 11.06, 11.07, 11.08 or 11.09. 
  
 Section 11.14. Notice of Certain Transactions. If: 
  
 (1) the Company takes any action that would require an adjustment in the Conversion Rate pursuant to Section 11.06, 11.07, 11.08 or 11.09
(unless no adjustment is to occur pursuant to Section 11.11); or 
  
 (2) the Company takes any action that would require a supplemental indenture pursuant to Section 11.15; or 
  
 (3) there is a liquidation or dissolution of the Company; 
  
 then the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice stating the proposed record date
for a dividend or distribution or the proposed effective date of a subdivision, combination, reclassification, consolidation, merger, binding share exchange, transfer, 

  

 66 

 
liquidation or dissolution. The Company shall file and mail the notice at least 15 days before such date. Failure to file or mail the notice or any defect in
it shall not affect the validity of the transaction. 
  
 Section
11.15. Reorganization of Company; Special Distributions. If the Company is a party to a transaction subject to Section 5.01 (other than a sale of all or substantially all of the assets of the Company in a transaction in which the holders of
Class A Common Stock immediately prior to such transaction do not receive securities, cash or other assets of the Company or any other person) or a merger or binding share exchange which reclassifies or changes its outstanding Class A Common Stock,
the person obligated to deliver securities, cash or other assets upon conversion of Securities shall enter into a supplemental indenture. If the issuer of securities deliverable upon conversion of Securities is an Affiliate of the successor Company,
that issuer shall join in the supplemental indenture. 
  
 The
supplemental indenture shall provide that the Holder of a Security may convert it into the kind and amount of securities, cash or other assets which such Holder would have received immediately after the consolidation, merger, binding share exchange
or transfer if such Holder had converted the Security immediately before the effective date of the transaction, assuming (to the extent applicable) that such Holder (i) was not a constituent person or an Affiliate of a constituent person to such
transaction; (ii) made no election with respect thereto; and (iii) was treated alike with the plurality of non-electing Holders. The supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practical to the
adjustments provided for in this Article 11. The successor Company shall mail to Securityholders a notice briefly describing the supplemental indenture. 
  
 If this Section applies, neither Section 11.06 nor 11.07 applies. 
  
 If the Company makes a distribution to all holders of its Class A Common Stock of any of its assets, or debt securities or
any rights, warrants or options to purchase securities of the Company that, but for the provisions of the last paragraph of Section 11.08, would otherwise result in an adjustment in the Conversion Rate pursuant to the provisions of Section 11.08,
then, from and after the record date for determining the holders of Class A Common Stock entitled to receive the distribution, a Holder of a Security that converts such Security in accordance with the provisions of this Indenture shall upon such
conversion be entitled to receive, in addition to the Conversion Value, the kind and amount of securities, cash or other assets comprising the distribution that such Holder would have received if such Holder had converted the Security immediately
prior to the record date for determining the holders of Class A Common Stock entitled to receive the distribution. 
  
 Section 11.16. Company Determination Final. Any determination that the Company or the Board of Directors must make pursuant to Section 11.03,
11.06, 11.07, 11.08, 11.09, 11.10, 11.11, 11.15 or 11.18 is conclusive. 
  

 67 

 Section 11.17. Trustee’s Adjustment Disclaimer. The Trustee has no duty to determine when an
adjustment under this Article 11 should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 11.15 need be entered into or whether any provisions of any supplemental
indenture are correct. 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. The Trustee shall not be responsible for the Company’s
failure to comply with this Article 11. Each Conversion Agent shall have the same protection under this Section 11.17 as the Trustee. 
  
 Section 11.18. Simultaneous Adjustments. In the event that this Article 11 requires adjustments to the Conversion Rate under more than one of
Sections 11.06(4), 11.07, 11.08 or 11.09, and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 11.06, second, the
provisions of Section 11.08, third, the provisions of 11.09 and, fourth, the provisions of Section 11.07. 
  
 Section 11.19. Successive Adjustments. After an adjustment to the Conversion Rate under this Article 11, any subsequent event requiring an
adjustment under this Article 11 shall cause an adjustment to the Conversion Rate as so adjusted. 
  
 Section 11.20. Rights Issued in Respect of Class A Common Stock. Each share of Class A Common Stock issued upon conversion of Securities, if any,
pursuant to this Article 11 shall be entitled to receive the appropriate number of Class A Common Stock or preferred stock purchase rights, as the case may be (the “Rights”), if any, and the certificates representing the Class A
Common Stock, if any, issued upon such conversion shall bear such legends, if any, in each case as may be provided by the terms of any shareholder rights agreement adopted by the Company, as the same may be amended from time to time (in each case, a
“Rights Agreement”). Provided that such Rights Agreement requires that each share of Class A Common Stock, if any, issued upon conversion of Securities at any time prior to the distribution of separate certificates representing the
Rights be entitled to receive such Rights, then, notwithstanding anything else to the contrary in this Article 11, there shall not be any adjustment to the conversion privilege or Conversion Rate as a result of the issuance of Rights, the
distribution of separate certificates representing the Rights, the exercise or redemption of such Rights in accordance with any such Rights Agreement, or the termination or invalidation of such Rights. 
  

 68 

 ARTICLE 12 
 SUBORDINATION 
  
 Section 12.01. Agreement to Subordinate. The Debt evidenced by the Securities is subordinated in right of payment, to the extent and in the manner provided in the Indenture, to the prior payment of all Senior Debt. The subordination
provisions are for the benefit of and enforceable by the holders of Senior Debt. 
  
 Section 12.02. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation or a total or partial dissolution of the
Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 
  
 (1) holders of Senior Debt are entitled to receive payment in full in cash of all Obligations in respect of Senior Debt, including all
interest accrued or accruing on Senior Debt after the commencement of any bankruptcy, insolvency or reorganization or similar case or proceeding at the contract rate (including, without limitation, any contract rate applicable upon default)
specified in the relevant documentation, whether or not the claim for the interest is allowed as a claim in the case or proceeding with respect to the Senior Debt (only such payment constituting “payment in full”) before
Securityholders will be entitled to receive any payment of principal of or interest on the Securities; and 
  
 (2) until the Senior Debt is paid in full and payment has been made to the Trustee for amounts due under Section 7.06, any distribution to
which Securityholders would be entitled but for these subordination provisions shall instead be made to holders of Senior Debt and the Trustee as their interests may appear. 
  
 Section 12.03. Default on Designated Senior Debt. (a) The Company shall not pay the principal of or interest on the
Securities or make any deposit pursuant to the provisions of Article 8 and shall not, pursuant to the provisions of Article 3 or otherwise, repurchase, redeem or otherwise retire any Securities (collectively, “pay the Securities”)
if at the time any Designated Senior Debt has not been paid when due, whether at maturity, upon redemption or mandatory repurchase, acceleration, or otherwise, and the default has not been cured or waived. 
  
 (b) During the continuance of any other default with respect to any
Designated Senior Debt pursuant to which the maturity thereof may be accelerated immediately without further notice (except any notice that may be required to effect acceleration) or upon the expiration of a grace period, the Company may not pay the
Securities for a period (a “Payment Blockage Period”) 
  

 69 

 (1) commencing upon the receipt by the Company and the Trustee of written notice of
default from the holders of any Designated Senior Debt specifying an election to effect a Payment Blockage Period (a “Blockage Notice”) and 
  
 (2) ending 179 days thereafter (or earlier if the Payment Blockage Period is terminated (i) by written notice to the Trustee and the
Company from the Person that gave the Blockage Notice, (ii) by repayment in full of such Senior Debt or (iii) because the default giving rise to the Blockage Notice is no longer continuing). 
  
 Subject to the preceding paragraph, unless the holders of such Senior Debt have accelerated
the maturity of such Senior Debt, the Company may resume payments on the Securities after the Payment Blockage Period. 
  
 (c) Not more than one Blockage Notice may be given in any consecutive 360-day period, irrespective of the number of defaults with respect to Senior Debt
during such period. No default which existed or was continuing on the date of the commencement of any Payment Blockage Period with respect to the Senior Debt whose holders initiated the Payment Blockage Period may be made the basis of the
commencement of a subsequent Payment Blockage Period by the holders of such Senior Debt, whether or not within a period of 360 consecutive days, unless the default has been cured or waived for a period of not less than 90 consecutive days.

  
 Section 12.04. When Distribution Must Be Paid Over. If
a payment or other distribution is made to Securityholders that because of these subordination provisions should not have been made to them, the Securityholders that receive the distribution shall hold it in trust for holders of Senior Debt and pay
it over to them as their interests may appear. 
  
 Section
12.05. Subrogation. A distribution made under these subordination provisions to holders of Senior Debt which otherwise would have been made to Securityholders is not, as between the Company and Securityholders, a payment by the Company on
Senior Debt. After all Senior Debt is paid in full and until the Securities are paid in full, Securityholders will be subrogated to the rights of holders of Senior Debt to receive payments in respect of Senior Debt, which, to the extent received by
Securityholders, do not constitute, as between the Company and the Securityholders, payments by the Company on the Securities. 
  
 Section 12.06. Relative Rights; Subordination Not to Prevent Events of Default or Limit Right to Accelerate. These subordination provisions define
the relative rights of Securityholders and holders of Senior Debt and do not impair, as between the Company and Securityholders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities
in accordance with their terms. The failure to make a payment pursuant to the 

  

 70 

 
Securities by reason of these subordination provisions does not prevent the occurrence of a Default, nor do these subordination provisions have any effect on
the right of the Securityholders or the Trustee to accelerate the maturity of the Securities upon an Event of Default or prevent the Trustee or any Securityholder from exercising its available remedies upon a Default, subject to the rights of
holders of Senior Debt to receive distributions otherwise payable to Securityholders. 
  
 Section 12.07. Subordination May Not Be Impaired by Company. No right of any holder of Senior Debt to enforce the subordination of the Securities will be impaired by any act or failure to act by the Company or
by its failure to comply with the Indenture. 
  
 Section 12.08.
Rights of Trustee. (a) The Trustee may continue to make payments on the Securities and will not be charged with knowledge of the existence of facts that would prohibit the making of any such payments unless, not less than two Business Days prior
to the date of such payment, the Trustee receives notice satisfactory to it from the Company or a holder of Senior Debt that payments may not be made under this Article. 
  
 (b) The Trustee in its individual or any other capacity may hold Senior Debt with the same rights, including rights under
this Article, it would have if it were not Trustee. Nothing in this Article applies to claims of, or payments to, the Trustee under or pursuant to Section 7.06. 
  

Section 12.09. Distributions and Notices to, and Notices and Consents by Representative of Holders of Senior Debt. Whenever a distribution is to
be made or a notice given to holders of Senior Debt, the distribution may be made and the notice given to their representative (if any). If there is a representative acting for the holders of any Senior Debt pursuant to the agreements governing such
Senior Debt, notices or consents under the Indenture from holders of such Senior Debt may be given only by their representative. 
  
 Section 12.10. Trustee Entitled to Reply. For the purpose of ascertaining the outstanding amount of Senior Debt, the holders thereof, and all other
information relevant to making any payment or distribution to holders of Senior Debt pursuant to this Article, the Trustee and the Securityholders are entitled to rely upon an order or decree of a court of competent jurisdiction in which any
proceedings of the nature referred to in Section 12.02 are pending, a certificate of the liquidating trustee or other Person making a payment or distribution to the Trustee or to the Securityholders, or information provided by the holders of Senior
Debt. The Trustee may defer any payment or distribution pending receipt of evidence or instructions satisfactory to it or a judicial determination regarding the rights of parties to receive the payment or distribution. 
  
 Section 12.11. Trustee to Effectuate Subordination. Each
Securityholder by accepting a Security authorizes and directs the Trustee on behalf of the 

  

 71 

 
Securityholder to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Securityholders and the
holders of Senior Debt as provided in this Article and appoints the Trustee as attorney-in-fact for any and all such purposes, including for the purpose of filing a claim in any proceedings of the nature referred to in Section 12.02. 
  
 Section 12.12. Trustee Not Fiduciary for Holders of Senior Debt. The
Trustee will not be deemed to owe any fiduciary duty to the holders of Senior Debt and will not be liable to any such holders if it mistakenly pays over or distributes to Securityholders, or to the Company or any other Person, any money or assets to
which holders of Senior Debt are entitled by virtue of this Article. 
  
 Section 12.13. Reliance by Holder of Senior Debt on Subordination Provisions; No Waiver. (a) Each Securityholder by accepting a Security acknowledges and agrees that these subordination provisions are, and are intended to be, an
inducement and a consideration to each holder of Senior Debt, whether created or acquired before or after the issuance of the Securities, to acquire or to hold such Senior Debt, and each holder of Senior Debt will be deemed conclusively to have
relied on these subordination provisions in acquiring and holding such Senior Debt. 
  
 (b) The holders of Senior Debt may, at any time and from time to time, without the consent of or notice to the Trustee or the Securityholders, without incurring any liability or responsibility to the Securityholders,
and without impairing the rights of holders of Senior Debt under these subordination provisions, do any of the following: 
  
 (1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Debt or any instrument
evidencing the same or any agreement under which Senior Debt is outstanding or secured; 
  
 (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Debt; 
  
 (3) release any Person liable in any manner for the payment
of Senior Debt; or 
  
 (4) exercise or refrain
from exercising any rights against the Company and any other Person. 
  

 72 

 ARTICLE 13 
 MISCELLANEOUS 
  
 Section 13.01. 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. 
  
 Section 13.02. 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 facsimile transmission (confirmed by guaranteed overnight
courier) to the following facsimile numbers: 
  
 if to the
Company: 
  
 Health Management Associates, Inc. 
 5811 Pelican Bay Boulevard 
 Suite 500

 Naples, Florida 34108-2710 
  
 Telephone No. (941) 598-3051 
 Facsimile No.
(941) 596-1426 
 Attention: Robert E. Farnham, Chief Financial Officer 
 With a Copy to: Timothy R. Parry, Senior Vice President and General Counsel 
  
 if to the Trustee: 
  
 Wachovia Bank, National Association 
 200
South Biscayne Boulevard, 14th Fl. 
 Miami, Florida 33131 
  
 Telephone No. (305) 789-4684 
 Facsimile No. (305) 789-4678/4679 
 Attn: Corporate Trust Group 
  
 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. 
  

 73 

 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. 
  
 Section 13.03. 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 13.04. 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: 
  
 (1) 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 

 
 (2) an Opinion of Counsel stating that, in the opinion of
such counsel, all such conditions precedent have been complied with. 
  
 Section 13.05. 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: 
  
 (1) a statement that each person making such Officers’
Certificate or Opinion of Counsel has read such covenant or condition; 
  
 (2) 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; 
  
 (3) 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 
  
 (4) a statement that, in the opinion of such person, such
covenant or condition has been complied with. 
  
 Section
13.06. 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. 
  

 74 

 Section 13.07. 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, Conversion Agent and the Paying Agent may make reasonable rules for their functions. 
  
 Section 13.08. 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
Original Issue Discount or interest, if any, shall accrue for the intervening period. 
  
 Section 13.09. GOVERNING LAW. THIS INDENTURE AND THE SECURITIES WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 Section 13.10. 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 this 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 shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities. 
  
 Section 13.11. 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 13.12. Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is
enough to prove this Indenture. 
  

 75 

 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. 
  

			
	 HEALTH MANAGEMENT ASSOCIATES, INC.

		
	 By:
	 	 /s/ Robert E. Farnham

	 Name:
	 	 Robert E. Farnham

	 Title:
	 	 Senior Vice President, Finance

	
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Daryl F. Mergenthal

	 Name:
	 	 Daryl F. Mergenthal

	 Title:
	 	 Vice President

 EXHIBIT A-1 
 [FORM OF FACE OF GLOBAL SECURITY] 
  
 FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), THIS SECURITY IS BEING ISSUED WITH TAX ORIGINAL ISSUE DISCOUNT AND THE ISSUE DATE OF THIS SECURITY IS JANUARY 28, 2002. IN
ADDITION, THIS SECURITY IS SUBJECT TO THE UNITED STATES FEDERAL INCOME TAX REGULATIONS GOVERNING CONTINGENT PAYMENT DEBT INSTRUMENTS. FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE CODE, THE COMPARABLE YIELD OF THIS SECURITY IS 6.22% COMPOUNDED
SEMI-ANNUALLY (WHICH WILL BE TREATED AS THE YIELD TO MATURITY FOR UNITED STATES FEDERAL INCOME TAX PURPOSES). 
  
 THE COMPANY AGREES TO PROVIDE PROMPTLY TO THE HOLDER OF THIS SECURITY, UPON WRITTEN REQUEST, THE ISSUE PRICE, AMOUNT OF TAX ORIGINAL ISSUE DISCOUNT, ISSUE
DATE, YIELD TO MATURITY, COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO THE COMPANY AT THE FOLLOWING ADDRESS: HEALTH MANAGEMENT ASSOCIATES, INC., 5811 PELICAN BAY BOULEVARD, SUITE 500, NAPLES, FLORIDA
34108-2710, ATTENTION: INVESTOR RELATIONS. 
  
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER 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 IN WHOLE, BUT NOT IN PART, 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 

 HEALTH MANAGEMENT ASSOCIATES, INC. 
 Exchange Zero-Coupon Convertible Senior Subordinated Notes due 2022 
  

			
	 No. R-1
	 	 CUSIP: 421933 AG 7

	 	 	 ISIN: US421933AG77

	 Issue Date: January 28, 2002
	 	 Original Issue Discount: $160.22

	 Issue Price: $839.78
	 	 (for each $1,000 Principal

	 (for each $1,000 Principal
	 	 Amount at Maturity)

	 Amount at Maturity)
	 	 

  
 HEALTH MANAGEMENT
ASSOCIATES, INC., a Delaware corporation, promises to pay to Cede & Co. or registered assigns, the Principal Amount at Maturity of THREE HUNDRED AND TWENTY NINE MILLION EIGHT HUNDRED AND TWENTY EIGHT THOUSAND DOLLARS ($329,828,000) on January
28, 2022. 
  
 This Security shall bear interest as specified on
the other side of this Security. Original Issue Discount will accrue as specified on the other side of this Security. This Security is convertible as specified on the other side of this Security. 
  
 Additional provisions of this Security are set forth on the other side of
this Security. 
  

 A-2 

					
	 Dated:
                                       
 
	 	 HEALTH MANAGEMENT ASSOCIATES, INC.

			
	 	 	 By:
	 	  

	 	 	 Title:
	 	 

	

	TRUSTEE’S	CERTIFICATE OF 

	        AUTHENTICATION	

  
 WACHOVIA BANK, NATIONAL ASSOCIATION 
 as Trustee, certifies that this 
 is one of the Securities referred 
 to in the within-mentioned Indenture (as 
 defined on the other side of this Security). 
  

			
	 By:
	 	  

	 Title:
	 	 
	 Dated:
	 	  

  

 A-3 

 REVERSE SIDE OF SECURITY 
 Exchange Zero-Coupon Convertible Senior Subordinated Notes due 2022 
  
 1. Cash Interest; Original Issue Discount. 
  
 This Security shall not bear periodic interest, except as specified in this paragraph and in paragraphs 10 and 11 hereof. The Company shall pay cash interest on overdue principal, or if cash or shares, if any, of
Class A Common Stock (or cash in lieu of fractional shares) in respect of a conversion of this Security in accordance with the terms of Article 11 of the Indenture are not delivered when due, at the rate borne by the Securities plus 1% per annum,
and it shall pay interest in cash on overdue installments of cash interest at the same rate to the extent lawful. All such overdue cash interest shall be payable on demand. 
  
 Original Issue Discount (the difference between the Issue Price and the Principal Amount at Maturity of the Security), in
the period during which a Security remains outstanding, together with regular cash interest, shall accrue at 0.875% per annum, on a semiannual bond equivalent basis using a 360-day year composed of twelve 30-day months, from the Issue Date of this
Security. 
  
 2. Method of Payment. 
  
 Subject to the terms and conditions of the Indenture, the Company will make
payments in respect of the principal of, premium, if any, and cash interest on this Security and in respect of Redemption Prices, Purchase Prices and Fundamental Change Purchase Prices to Holders who surrender Securities to a Paying Agent to collect
such payments in respect of the Securities. The Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts. However, the Company may make such cash payments by
check payable in such money. Any payment required to be made on any day that is not a Business Day will be made on the next succeeding Business Day. 
  
 3. Paying Agent, Conversion Agent and Registrar. 
  
 Initially, Wachovia Bank, National Association, a national banking association having an office in Miami, Florida (in such capacity, together with its
successors in trust, the “Trustee”), will act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent, Registrar or co-registrar without notice, other than notice to the
Trustee except 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, Registrar or co-registrar. 
  

 A-4 

 4. Indenture. 
  
 The Company issued the Securities under an Indenture dated as of December 30, 2004 (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 general unsecured obligations of the Company limited to
$329,828,000 aggregate Principal Amount at Maturity (subject to Section 2.07 of the Indenture). The Indenture does not limit other indebtedness of the Company, secured or unsecured. 
  
 5. Redemption at the Option of the Company. 
  
 No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the
Company at the Redemption Prices set forth below, provided that the Securities are not redeemable prior to January 28, 2007. 
  
 The table below shows Redemption Prices of a Security per $1,000 Principal Amount at Maturity on the dates shown below and at Stated Maturity, which
prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates shall include an additional amount reflecting the additional Original Issue Discount accrued since the next
preceding date in the table. 
  

										
	 Redemption Date

	  	 (1)
 Issue Price

	  	 (2)
 Accrued
Original Issue
Discount

	  	 (3)
Redemption
Price
 (1) + (2)

	 January 28, 2007
	  	$	839.78	  	$	37.47	  	$	877.25
	 January 28, 2008
	  	$	839.78	  	$	45.16	  	$	884.94
	 January 28, 2009
	  	$	839.78	  	$	52.93	  	$	892.71
	 January 28, 2010
	  	$	839.78	  	$	60.75	  	$	900.53
	 January 28, 2011
	  	$	839.78	  	$	68.65	  	$	908.43
	 January 28, 2012
	  	$	839.78	  	$	76.62	  	$	916.40
	 January 28, 2013
	  	$	839.78	  	$	84.65	  	$	924.43
	 January 28, 2014
	  	$	839.78	  	$	92.76	  	$	932.54
	 January 28, 2015
	  	$	839.78	  	$	100.94	  	$	940.72
	 January 28, 2016
	  	$	839.78	  	$	109.19	  	$	948.97
	 January 28, 2017
	  	$	839.78	  	$	117.51	  	$	957.29
	 January 28, 2018
	  	$	839.78	  	$	125.90	  	$	965.68
	 January 28, 2019
	  	$	839.78	  	$	134.37	  	$	974.15

  

 A-5 

										
	 Redemption Date

	  	 (1)
 Issue Price

	  	 (2)
 Accrued
Original Issue
Discount

	  	 (3)
Redemption
Price
 (1) + (2)

	 January 28, 2020
	  	$	839.78	  	$	142.91	  	$	982.69
	 January 28, 2021
	  	$	839.78	  	$	151.53	  	$	991.31
	 At Stated Maturity
	  	$	839.78	  	$	160.22	  	$	1,000.00

  
 If converted to a Cash
Pay Security following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus accrued and unpaid interest from the date of such conversion through the Redemption Date; but in no event will this Security
be redeemable before January 28, 2007. 
  
 6. Purchase By the Company at the
Option of the Holder. 
  
 Subject to the terms and conditions of
the Indenture, the Company shall become obligated to purchase, at the option of the Holder, the Securities held by such Holder on the following Purchase Dates and at the following Purchase Prices per $1,000 Principal Amount at Maturity, upon
delivery of a Purchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is 30 Business Days prior to such Purchase Date until the close of business on such Purchase Date and upon
delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture. 
  

				
	 Purchase Date

	  	Purchase Price

	 January 28, 2005
	  	$	862.07
	 January 28, 2006
	  	$	869.62
	 January 28, 2007
	  	$	877.25
	 January 28, 2012
	  	$	916.40
	 January 28, 2017
	  	$	957.29

  
 The Purchase Price
(equal to the Issue Price plus accrued Original Issue Discount and accrued and unpaid cash interest to the Purchase Date) will be paid in cash. 
  
 If prior to a Purchase Date this Security has been converted to a Cash Pay Security following the occurrence of a Tax Event, the Purchase Price will be
equal to the Restated Principal Amount plus accrued and unpaid interest from the date of conversion to, but excluding, the Purchase Date. 
  
 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase all or a portion of
the Securities held by such Holder 35 Business Days after the occurrence of a 

  

 A-6 

 
Fundamental Change of the Company occurring on or prior to January 28, 2007 for a Fundamental Change Purchase Price equal to the Issue Price plus accrued
Original Issue Discount and accrued and unpaid cash interest to the Fundamental Change Purchase Date, which Fundamental Change Purchase Price will be paid in cash. If prior to a Fundamental Change Purchase Date this Security has been converted to a
Cash Pay Security following the occurrence of a Tax Event, the Fundamental Change Purchase Price shall be equal to the Restated Principal Amount plus accrued and unpaid interest from the date of conversion to the Fundamental Change Purchase Date.

  
 Holders have the right to withdraw any Purchase Notice or
Fundamental Change Purchase Notice, as the case may be, 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 Purchase Price or Fundamental Change Purchase Price, as the case may be, of all Securities or
portions thereof to be purchased as of the Purchase Date or the Fundamental Change Purchase Date, as the case may be, is deposited with the Paying Agent on the Business Day following the Purchase Date or the Fundamental Change Purchase Date, as the
case may be, such Securities will cease to be outstanding and Original Issue Discount and cash interest shall cease to accrue on such Securities (or portions thereof) and will be deemed paid immediately after such Purchase Date or Fundamental Change
Purchase Date, as the case may be, whether or not such Securities have been delivered to the Paying Agent, and the Holder thereof shall have no other rights as such (other than the right to receive the Purchase Price or Fundamental Change Purchase
Price, as the case may be, upon surrender of such Security). 
  
 7. Notice of
Redemption. 
  
 Notice of redemption will be mailed at least 30
days but not more than 60 days before the Redemption Date to each Holder of Securities to be redeemed at the Holder’s registered address. If money sufficient to pay the Redemption Price of all Securities (or portions thereof) to be redeemed on
the Redemption Date is deposited with the Paying Agent prior to or on the Redemption Date, immediately after such Redemption Date Original Issue Discount ceases to accrue on such Securities or portions thereof. Securities in denominations larger
than $1,000 of Principal Amount at Maturity may be redeemed in part but only in integral multiples of $1,000 of Principal Amount at Maturity. 
  
 8. Conversion. 
  
 Subject to the procedures set forth in Section 11.02 of the Indenture, a Holder of a Security may convert such Security at any time before the close of business on January 28, 2022 if at least one of the following
conditions is satisfied on the Conversion Date: 
  
 (a) the
average of the Sale Prices for the Class A Common Stock for 20 of the 30 Trading Days immediately prior to the Conversion Date is equal to or greater than 120% of the Accreted Value on the Conversion Date, divided by the Conversion Rate; 

 

 A-7 

 (b) (i) the credit ratings assigned to the Securities by Moody’s and S&P are Ba1 and BB+,
respectively, or lower, or (ii) both Moody’s and S&P have ceased to rate the Securities, or (iii) both Moody’s and S&P have suspended rating of the Securities; provided, however, a Holder may not convert the Securities in reliance
on this provision until the earlier of (x) the date the Securities are first rated by both Moody’s and S&P and (y) 30 calendar days from the date of the Indenture; 
  
 (c) the Securities have been called for redemption by the Company, at any time prior to the close of business on the
Business Day prior to the Redemption Date; 
  
 (d) the Company
becomes a party to a consolidation, merger or binding share exchange pursuant to which the Class A Common Stock would be converted into cash or property (other than securities), in which case a Holder may surrender Securities for conversion at any
time from and after the date which is 15 days prior to the anticipated effective date for the transaction until 15 days after the actual effective date of such transaction; or 
  
 (e) the Company elects to (i) distribute to all Holders of Class A Common Stock assets, debt securities or rights to
purchase securities of the Company, which distribution has a per share value as determined by the Company’s Board of Directors exceeding 15% of the Sale Price of the Class A Common Stock on the day preceding the declaration date for such
distribution or (ii) distribute to all Holders of Class A Common Stock rights entitling them to purchase, for a period expiring within 60 days after the date of such distribution, Class A Common Stock at less than the Sale Price at the time of such
distribution. In the case of the foregoing clauses (i) and (ii), the Company must notify the Holders of Securities at least 20 days prior to the ex-dividend date for such distribution. Once the Company has given such notice, Holders may surrender
their Securities for conversion at any time thereafter until the earlier of the close of business on the Business Day prior to the ex-dividend date or the Company’s announcement that such distribution will not take place. 
  
 If the Security is called for redemption, the Holder may convert it at any
time prior to the close of business on the Business Day prior to the Redemption Date. A Security in respect of which a Holder has delivered a Purchase Notice or Fundamental Change Purchase Notice exercising the option of such Holder to require the
Company to purchase such Security may be converted only if such notice of exercise is withdrawn in accordance with the terms of the Indenture. 
  

 A-8 

 The amount of cash and, if applicable, the number of shares of Class A Common Stock, for which the
Securities may be converted, is based on an initial Conversion Rate of 32.1644 shares of Class A Common Stock per $1,000 Principal Amount at Maturity, subject to adjustment in certain events described in the Indenture. The Company will deliver cash
or a check in lieu of any fractional share of Class A Common Stock. 
  
 In the event the Company exercises its option pursuant to Section 10.01 of the Indenture to have interest in lieu of Original Issue Discount accrue on the Security following a Tax Event, the Holder will be entitled on conversion to receive
the same Conversion Value such Holder would have received if the Company had not exercised such option. In any event, whether or not the Company exercises such option, Securities surrendered for conversion during the period from the close of
business on any Regular Record Date next preceding any Interest Payment Date to the opening of business of such Interest Payment Date (except Securities to be redeemed on a date within such period or on the next Interest Payment Date) must be
accompanied by payment of an amount equal to the interest thereon that the registered Holder is to receive. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities
will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. 
  
 To convert a Security, a Holder must (1) complete and manually sign the conversion notice below (or complete and manually sign a facsimile of such notice)
and deliver such notice to the Conversion Agent, (2) surrender the Security to the Conversion Agent, (3) furnish appropriate endorsements and transfer documents if required by the Conversion Agent, the Company or the Trustee, (4) pay any transfer or
similar tax, if required and (5) pay funds equal to interest payable on the next Interest Payment Date, if required. 
  
 A Holder may convert a portion of a Security if the Principal Amount at Maturity of such portion is $1,000 or an integral multiple of $1,000. No payment
or adjustment will be made for dividends on the Class A Common Stock except as provided in the Indenture. On conversion of a Security, that portion of accrued Original Issue Discount (or interest if the Company has exercised its option provided for
in paragraph 11 hereof) and (except as provided below) accrued cash interest attributable to the period from the Issue Date (or, if the Company has exercised the option referred to in paragraph 11 hereof, the later of (x) the date of such exercise
and (y) the date on which interest was last paid) or the date on which interest was last paid through the Conversion Date with respect to the converted Security shall not be cancelled, extinguished or forfeited, but rather shall be deemed to be paid
in full to the Holder thereof through the delivery of the Conversion Value (together with the cash payment in lieu of fractional shares) in exchange for the Security being converted pursuant to the terms hereof; and the fair market value of such
Conversion Value (together with any such cash payment in lieu of fractional shares) shall be treated as issued, to the extent thereof, first in exchange for Original Issue Discount (or interest, if the Company has exercised 

  

 A-9 

 
its option provided for in paragraph 11 hereof) and cash interest accrued through the Conversion Date, and the balance, if any, of such fair market value of
such Conversion Value (and any such cash payment) shall be treated as issued in exchange for the Issue Price of the Security being converted pursuant to the provisions hereof. Notwithstanding the foregoing, accrued but unpaid interest will be
payable upon conversion of Securities made concurrently with or after acceleration of Securities following an Event of Default. 
  
 The Conversion Rate is subject to adjustment at such times as specified in Sections 11.06 through 11.11 of the Indenture. 
  
 If the Company is a party to a consolidation, merger or binding share
exchange or a transfer of all or substantially all of its assets, or upon certain distributions described in the Indenture, the right to convert a Security may be changed into a right to convert it into securities, cash or other assets of the
Company or another person. 
  
 9. Conversion Arrangement on Call for Redemption.

  
 Any Securities called for redemption, unless surrendered for
conversion prior to the close of business on the Business Day prior to the Redemption Date, may be deemed to be purchased from the Holders of such Securities at an amount not less than the Redemption Price, by one or more investment bankers or other
purchasers who may agree with the Company to purchase such Securities from the Holders, to convert such Securities and to make payment for such Securities to the Trustee in trust for such Holders. 
  
 10. Contingent Interest 
  
 Subject to the accrual and record date provisions specified in this paragraph 10, the Company shall pay contingent interest
to the Holders during any six-month period (a “Contingent Interest Period”) from January 28 to July 27 and from July 28 to January 27, commencing with the six-month period beginning January 28, 2007, if the average Security Price
for the Five-Day Period with respect to such Contingent Interest Period equals 120% or more of the Accreted Value thereof on the trading day immediately preceding the first day of the relevant Contingent Interest Period. 
  
 The amount of contingent interest payable per $1,000 Principal Amount at
Final Maturity hereof in respect of any Contingent Interest Period shall equal 0.125% of the average Security Price for the Five-Day Period with respect to such Contingent Interest Period. 
  
 Contingent interest, if any, will accrue and be payable to Holders as of the
15th day preceding the last day of the relevant Contingent Interest Period (a “Contingent Interest Record Date”). Such payments shall be paid on the last day of the relevant Contingent Interest Period. 
  

 A-10 

 Contingent interest calculates pursuant to this paragraph 10 shall be paid on the last day of the
relevant Contingent Interest Period (a “Contingent Interest Payment Date”). 
  
 Original Issue Discount will continue to accrue at 0.875% per annum whether or not contingent interest is paid. 
  
 “Five-Day Period” means, with respect to any Contingent Interest Period, the five trading days ending on (a) the second trading day
immediately preceding the first day of such Contingent Interest Period, or (b) if the Company declares a dividend for which the record date is prior to, but the payment date is within such Contingent Interest Period, the second trading day
immediately preceding such record date. 
  
 “Security
Price” means, as of any date of determination, the average of the secondary market bid quotations per $1,000 original Principal Amount at Final Maturity obtained by the Bid Agent for $5,000,000 original Principal Amount at Final Maturity of
Securities at approximately 4:00 p.m. (New York City time) on such determination date from three recognized securities dealers in The City of New York (none of which shall be an Affiliate of the Company) selected by the Company; provided, however,
if (a) at least three such bids are not obtained by the Bid Agent or (b) in the Company’s reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities as of such determination date, then the
Security Price for such determination date shall equal (i) the Conversion Rate in effect as of such determination date multiplied by (ii) the average Sale Price for the five trading days ending on such determination date, appropriately adjusted to
take into account the occurrence, during the period commencing on the first of such trading days during such five trading day period and ending on such determination date, of any event described in Section 11.06, 11.07, 11.08 or 11.09 (subject to
the conditions set forth in Sections 11.10 and 11.11) of the Indenture. 
  
 Upon determination that Holders will be entitled to receive contingent interest which may become payable during a Contingent Interest Period, on or prior to the first day of such Contingent Interest Period, the Company shall issue a press
release and publish such information on its web site or such other media as the Company shall determine. 
  
 11. Tax Event 
  
 (a) From and
after (i) the date (the “Tax Event Date”) of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the “Option Exercise Date”), at the option of the Company, interest
in lieu of future Original Issue Discount and regular cash interest shall accrue at the rate of 0.875% per annum on a principal amount per Security (the “Restated Principal Amount”) equal to the Issue Price plus Original Issue
Discount accrued through the Option Exercise Date and shall be payable 

  

 A-11 

 
semiannually on January 28 and July 28 of each year (each an “Interest Payment Date”) to Holders of record at the close of business on
January 5 or July 5 (each a “Regular Record Date”) immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date. 
  
 (b) Cash interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the person
in whose name that Security is registered at the close of business on the Regular Record Date for such cash interest at the office or agency of the Company maintained for such purpose. Each installment of cash interest on any Security shall be paid
in same-day funds by transfer to an account maintained by the payee located inside the United States. 
  
 (c) Except as otherwise specified with respect to the Securities, any Defaulted Interest on any Security shall forthwith cease to be payable to the
registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company as provided for in Section 10.02(b) of the Indenture. 
  
 12. Denominations; Transfer; Exchange. 
  
 The Securities are in fully registered form, without coupons, in
denominations of $1,000 of Principal Amount at Maturity and integral multiples of $1,000. A Holder may transfer or exchange 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 redemption (except, in the case of a Security to be redeemed in
part, the portion of the Security not to be redeemed) or any Securities in respect of which a Purchase Notice or 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) or any Securities for a period of 15 days before the mailing of a notice of redemption of Securities to be redeemed. 
  
 13. Persons Deemed Owners. 
  
 The registered Holder of this Security may be treated as the owner of this Security for all purposes. 
  
 14. 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, 

  

 A-12 

 
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. 
  
 15. 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 at Maturity 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 at Maturity 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 to cure any ambiguity, omission, defect or inconsistency, or to comply with Article 5 or Section 11.15 of the Indenture, to
provide for uncertificated Securities in addition to or in place of certificated Securities or to make any change that does not adversely affect the rights of any Securityholder, or to comply with any requirement of the SEC in connection with the
qualification of the Indenture under the TIA. 
  
 16. Defaults and Remedies.

  
 Under the Indenture, Events of Default include (i) default in
the payment of any cash interest or contingent interest upon any Security when such interest becomes due and payable, and such default in payment of interest shall continue for 30 days; (ii) default in the payment of the Principal Amount at Maturity
(or, if the Securities have been converted to Cash Pay Securities following a Tax Event pursuant to Article 10, the Restated Principal Amount), Issue Price plus accrued Original Issue Discount, Redemption Price, Purchase Price or Fundamental Change
Purchase Price on any Security when the same becomes due and payable at its Stated Maturity, upon redemption, upon declaration, when due for purchase by the Company or otherwise; (iii) failure by the Company to deliver the Conversion Value (together
with cash in lieu of fractional shares) when such Conversion Value (or cash in lieu of fractional shares) is required to be delivered upon conversion of a Security and such failure continues for 20 days; (iv) failure by the Company to comply with
any of its agreements in the Securities or the Indenture (other than those referred to in clauses (i), (ii) and (iii) above) and such failure continues for 60 days after receipt by the Company of a Notice of Default; (v) there shall be (a) a default
under any bond, debenture, note or other evidence of indebtedness for money borrowed or under any mortgage, indenture or other instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness by the Company
or any Significant Subsidiary or by any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary or under any guarantee of payment of Indebtedness by the Company or any Significant Subsidiary or by any
Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary, whether such 

  

 A-13 

 
Indebtedness or guarantee now exists or shall hereafter be created, and the effect of such default is to cause such Indebtedness (or Indebtedness so
guaranteed) to become due prior to its stated maturity or (b) a failure to pay at the stated maturity of any such Indebtedness (or Indebtedness so guaranteed) any amounts then due and owing thereunder, and in the case of both (a) and (b), such
default or failure to pay is not cured, or any acceleration of amounts due relating thereto is not rescinded or annulled, in each case within 10 days after receipt by the Company of a Notice of Default; provided, however, that no Default under this
clause (v) shall exist if all such defaults and failures to pay relate to Indebtedness (including Indebtedness so guaranteed) with an aggregate principal amount of not more than $25,000,000 at the time outstanding; (vi) final judgments for the
payment of money which in the aggregate exceed $25,000,000 at the time outstanding shall be rendered against the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant
Subsidiary by a court of competent jurisdiction and shall remain undischarged for a period (during which execution shall not be effectively stayed) of 60 days after such judgment becomes final and nonappealable; or (vii) certain events of
bankruptcy, insolvency or reorganization with respect to the Company or any Significant Subsidiary or any Subsidiaries of the Company which in the aggregate would constitute a Significant Subsidiary. If an Event of Default occurs and is continuing,
the Trustee, or the Holders of at least 25% in aggregate Principal Amount at Maturity of the Securities at the time outstanding, may declare all the Securities to be due and payable immediately. Certain events of bankruptcy or insolvency are Events
of Default which will result in the Securities becoming due and payable immediately upon the occurrence of such Events of Default. 
  
 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 at Maturity 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.

  
 17. 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. 
  

 A-14 

 18. 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 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. 
  
 19. 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. 
  
 20. Abbreviations. 
  
 Customary
abbreviations may be used in the name of a Securityholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=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). 
  
 21. GOVERNING LAW. 
  
 THE INDENTURE AND THIS SECURITY WILL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 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: 
  
 Health Management Associates, Inc. 
 5811 Pelican Bay Boulevard 
 Suite 500 
 Naples, Florida 34108-2710 
  

 A-15 

			
	 ASSIGNMENT FORM

	  	 CONVERSION NOTICE

	To assign this Security, fill in the form below:	  	To convert this Security, check the box:
		
	I or we assign and transfer this Security to	  	             ̈
	  

	  	To convert only part of this Security, state the Principal Amount at Maturity to be converted (which must be $1,000 or an integral multiple of $1,000):
	  

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

	  	If you want the stock certificate made out in another person’s name, fill in the form below:
	  

	  
	  

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

	 	  	  

	and irrevocably appoint	  	(Insert other person’s soc. sec. or tax ID no.)
		
	                                 agent to transfer this Security on the
books of the Company. The agent may substitute another to act for him.	  	  

	 	  	  

	 	  	  

	 	  	  

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

  

 A-16 

							
	  

				
	Date:	  	  

	  	Your Signature:	  	  

	  

 (Sign exactly as your name appears on the other side of this Security) 
  

 A-17 

 OPTION TO ELECT PURCHASE UPON A FUNDAMENTAL CHANGE 
  

	To:	Health Management Associates, Inc. 

  
 The undersigned registered holder of this Security hereby acknowledges receipt of a notice from Health Management Associates, Inc. (the
“Company”) as to the occurrence of a Fundamental Change with respect to the Company and requests and instructs the Company to repurchase this Security, or the portion hereof (which is $1,000 original Principal Amount at Final
Maturity or a integral multiple thereof) designated below, in accordance with the terms of the Indenture referred to in this Security and directs that the check in payment for this Security or the portion thereof be issued and delivered to the
registered holder hereof unless a different name has been indicated below. If any portion of this Security not repurchased is to be issued in the name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with
respect thereto. 
  

			
	Dated:	 	  

	 	 	                    Signature(s)
		
	 	 	Signature(s) must be guaranteed by a commercial bank or trust company or a member firm of a major stock exchange if Securities are to be delivered, other than to or in the name of the
registered holder.
	 	 	

	 	 	                    Signature Guarantee

  
 Fill in for Securities if to be issued
other than to and in the name of registered holder: 
  

	
	  

	 (Name)

	  

	 (Street Address)

	  

	 (City, state and zip code)

	
	 Please print name and address

  

 A-18 

	
	Principal Amount at Final
	Maturity to be purchased (if
	less than all): $     ,000

  
 Social Security
or Other Taxpayer Number:                         
  

 A-19

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