Document:

RABBI TRUST AGREEMENT

 Exhibit 10.11 
 HOLOGIC, INC. 
 RABBI TRUST AGREEMENT 
 WITH 
 UNION BANK OF CALIFORNIA, N.A. 

 TABLE OF CONTENTS 
  

					
	 PURPOSE
	  	1
		
	 DEFINITIONS
	  	2
		
	 ARTICLE I ESTABLISHMENT AND GENERAL OPERATION OF TRUST
	  	3
	 1.1
	  	Establishment of Trust.	  	3
	 1.2
	  	Revocability.	  	3
	 1.3
	  	Grantor Trust.	  	3
	 1.4
	  	Right to Trust Assets.	  	3
	 1.5
	  	Payments to Employer.	  	3
	 1.6
	  	Signing Authority; Trustee’s Reliance.	  	3
	 1.7
	  	Acceptance of Assets; Trust Composition.	  	3
	 1.8
	  	Trust Contributions.	  	4
	 1.9
	  	No Duty of Trustee to Enforce Collection.	  	4
	 1.10
	  	Plan Administration.	  	4
	 1.11
	  	Change in Control.	  	4
	 1.12
	  	Participant Accounts.	  	4
	 1.13
	  	Tax Payments and Reporting.	  	4
		
	 ARTICLE II INVESTMENTS
	  	5
	 2.1
	  	Trustee Investment Authority.	  	5
	 2.2
	  	Funding Policy and Investment Guidelines.	  	5
	 2.3
	  	Disposition of Income.	  	5
		
	 ARTICLE III TRUSTEE’S POWERS
	  	5
	 3.1
	  	General Trustee’s Powers.	  	5
	 3.2
	  	Additional Powers.	  	7
	 3.3
	  	Legal Duties.	  	10
		
	 ARTICLE IV TRUSTEE AND EMPLOYER DUTIES
	  	10
	 4.1
	  	Plan and Trust Characteristics.	  	10
	 4.2
	  	Payments to Participants.	  	10
	 4.3
	  	Accounts and Records.	  	11
	 4.4
	  	Reports.	  	12
	 4.5
	  	Directions to Trustee.	  	12
	 4.6
	  	Information to be Provided to Trustee.	  	13
		
	 ARTICLE V RESTRICTIONS ON TRANSFER
	  	13
	 5.1
	  	Persons to Receive Payment.	  	13
	 5.2
	  	Assignment and Alienation Prohibited.	  	14
		
	 ARTICLE VI RESIGNATION, REMOVAL AND SUCCESSION
	  	14
	 6.1
	  	Resignation or Removal of Trustee.	  	14
	 6.2
	  	Designation of Successor.	  	14

  

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	 6.3
	  	Transfer of Trust Assets.	  	14
	 6.4
	  	Court Appointment of Successor.	  	14
	 6.5
	  	Successor’s Powers.	  	15
	 6.6
	  	Successor’s Duties.	  	15
		
	 ARTICLE VII AMENDMENT
	  	15
	 7.1
	  	Power to Amend.	  	15
		
	 ARTICLE VIII LIABILITIES
	  	15
	 8.1
	  	Declaration of Intent.	  	15
	 8.2
	  	Liability of the Trustee.	  	16
		
	 ARTICLE IX DURATION, TERMINATION AND REPAYMENTS TO EMPLOYER
	  	17
	 9.1
	  	Revocation and Termination.	  	17
	 9.2
	  	Duration.	  	17
	 9.3
	  	Payments to the Employer Prior to Termination.	  	17
	 9.4
	  	Revocation by All Participants.	  	17
		
	 ARTICLE X DISTRIBUTIONS IN THE EVENT OF INSOLVENCY OF EMPLOYER
	  	17
	 10.1
	  	Trustee and Employer Responsibility Upon Notice of Employer’s Insolvency.	  	17
		
	 ARTICLE XI MISCELLANEOUS
	  	20
	 11.1
	  	Delegation.	  	20
	 11.2
	  	Trustee Compensation, Expenses and Taxes.	  	20
	 11.3
	  	Third Parties.	  	21
	 11.4
	  	Adoption by Affiliated Employer.	  	21
	 11.5
	  	Binding Effect; Successor Employer.	  	21
	 11.6
	  	Relation to Plan.	  	22
	 11.7
	  	Partial Invalidity.	  	22
	 11.8
	  	Construction.	  	22
	 11.9
	  	Counterparts.	  	22
	 11.10
	  	Notices.	  	22
	 11.11
	  	Mediation and Arbitration of Disputes.	  	22
		
	 ARTICLE XII EFFECTIVE DATE
	  	23

  

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 RABBI TRUST AGREEMENT 
 This Trust Agreement (the “Trust Agreement”) is made by and between Hologic, Inc., a Delaware corporation, (the “Employer”), and
UNION BANK OF CALIFORNIA, N.A., a national banking association (the “Trustee”), and shall be effective upon the Trustee’s receipt of the initial contribution of money or other property to be held in trust hereunder. 
 PURPOSE 
 (a) The Employer has adopted
The Hologic, Inc. Supplemental Executive Retirement Plan, effective as or March 15, 2006 (the “Plan”), pursuant to which the Employer expects to incur unfunded deferred compensation liabilities. 
 (b) The Employer wishes to establish a trust (hereinafter called “Trust”) and to contribute to the Trust assets that shall be held therein,
subject to the claims of Employer’s creditors in the event of Employer’s Insolvency, as herein defined, until paid to Plan participants in such manner and at such times as specified in the Plan; 
 (c) It is the intention of the parties that this Trust shall constitute an unfunded arrangement and, if the Plan participants are employees of the
Employer shall not affect the status of the Plan as an unfunded plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement
Income Security Act of 1974; 
 (d) It is the intention of Employer to make contributions to the Trust to provide itself with a source of
funds to assist it in the meeting of its liabilities under the Plan; 
 DEFINITIONS 
 (a) “Administrator” means the Compensation Committee of the Employer’s Board of Directors or Employer’s Senior Vice-President of
Human Resources. 
 (b) “Code” means the Internal Revenue Code of 1986, as amended. 
 (c) “Employer” means the employer(s) that maintains the Plan to which this Trust Agreement relates; provided, however, that where one or more
affiliates of a parent Employer are parties to such Plan or to this Trust Agreement, only the parent Employer shall be authorized to exercise discretionary powers under this Trust Agreement including, but not limited to, the power to direct and
remove the Trustee, and to amend and terminate the Plan. 
 (d) “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended. 
  

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 (e) “Investment Manager” means a person or entity, other than the Trustee, who is appointed by
the Employer, or another pursuant to the terms of the Plan, to manage the investment of the Trust Fund, and who meets the requirements of Section 3(38) of ERISA. 
 (f) “Plan” means one or more nonqualified employee benefit plans which are identified by name on the signature page hereto, or which subsequently may be adopted by the Employer (provided that the Employer
has notified the Trustee of any such adoption), some or all of whose assets constitute the Trust Fund. 
 (g) “Trustee” means UNION
BANK OF CALIFORNIA, N.A. or its successor in interest, or any successor appointed pursuant to this Trust Agreement. 
 (h) “Trust
Fund” means the assets held by the Trustee pursuant to this Trust Agreement. 
  

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 ARTICLE I  
 ESTABLISHMENT AND GENERAL OPERATION OF TRUST 
  

	1.1	Establishment of Trust. The Employer hereby deposits with the Trustee in trust an initial contribution of money or other property, which shall become the principal of the
Trust to be held, administered and disposed of by Trustee as provided in the Trust Agreement 

  

	1.2	Revocability. The Trust hereby established shall be irrevocable. 

  

	1.3	Grantor Trust. The Trust is intended to be a grantor trust, of which the Employer is the grantor, within the meaning of Subpart E, Part I, Subchapter J, Chapter 1, Subtitle A
of the Code, and shall be construed accordingly. 

  

	1.4	Right to Trust Assets. The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of the Employer and shall be used exclusively
for the uses and purposes of Participants and the Employer’s general creditors as herein set forth. Plan participants and beneficiaries of deceased participants (hereinafter called “Participants”) shall have no preferred claim on, or
any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of Participants against Employer. Any assets held by the Trust will be subject to
the claims of Employer’s general creditors under federal and state law in the event of Insolvency, as defined in Article XI herein. 

  

	1.5	Payments to Employer. Except as provided in Section 4.2(c) hereof, after the Trust has become irrevocable, the Employer shall have no right or power to direct the
Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) of benefits have been made to Participants pursuant to the terms of the Plan. 

  

	1.6	Signing Authority; Trustee’s Reliance. The Employer or the Administrator, as applicable, shall certify in writing to the Trustee the names and specimen signatures of all
those who are authorized to act as or on behalf of the Employer or the Administrator (“Authorized Person”), and those names and specimen signatures shall be updated as necessary by a duly authorized officer of the Employer. The Employer or
the Administrator, as applicable, shall promptly notify the Trustee if any person so designated is no longer authorized to act on behalf of the Employer or the Administrator. Until the Trustee receives written notice that an Authorized Person is no
longer authorized to act on behalf of the Employer or Administrator, the Trustee may continue to rely on the Employer’s or Administrator’s designation of such person. 

  

	1.7	Acceptance of Assets; Trust Composition. All contributions or transfers shall be received by the Trustee in cash or other property acceptable to the Trustee. The

  

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 Trust shall consist of the contributions and transfers received by the Trustee, together with the income
and earnings from them and any increments to them. The Trustee shall hold, manage and administer the Trust in accordance with this Trust Agreement without distinction between principal and income. 
 CONTRIBUTIONS 
  

	1.8	Trust Contributions. The Employer, in its sole discretion, and subject to the terms of the Plan may at any time, or from time to time, make additional deposits of cash or
other property in trust with the Trustee to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Neither the Trustee nor any Participant shall have any right to compel such additional
deposits. 

  

	1.9	No Duty of Trustee to Enforce Collection. Notwithstanding anything herein to the contrary, the Trustee shall have no authority or obligation to enforce the collection of any
contribution or transfer to the Trust. 

  

	1.10	Plan Administration. The Employer and not the Trustee shall be responsible for administering the Plan (including without limitation determining the rights of the individuals
eligible to participate in the Plan, determining any Participant’s right to benefits under the Plan), and issuing statements to Participants of their interest in the Plan. 

  

	1.11	Change in Control. For purposes of this Trust Agreement, a “Change in Control” shall mean either a “change in the ownership or effective control” of the
Employer or a “change in the ownership of a substantial portion of the assets” of the Employer as those phrases are defined for purposes of Code Section 409A. 

  

	1.12	Participant Accounts. The Employer shall maintain in an equitable manner a separate account for each Participant under the Plan (“Account”) in which it shall keep a
record of the share of such Participant under the Plan in the Trust. The Employer may appoint a third-party administrator to assist the Trustee in maintaining such Accounts. A Participant’s Account under the Plan shall represent the portion of
the Trust allocated to provide such Participant benefits under the Plan. If the Trustee is directed by the Employer to segregate the Trust into separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Employer
shall certify to the Trustee the amount of such contribution being made in respect of each Participant under each Plan. 

 The
Trustee may rely on information provided to the Trustee by the Employer or the Third-Party Administrator and the Trustee’s and Employer’s determination of Account values shall be conclusive and binding on all interested parties.

  

	1.13	Tax Payments and Reporting. The Employer and not the Trustee shall be responsible for all calculations and payment of income tax, inheritance, estate, or other taxes, and all
income tax reporting in connection with the Trust and any contributions thereto and distributions therefrom, as well as all earnings and 

  

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 gains or losses of the Trust. Unless otherwise agreed in writing by the parties, the Trustee shall
prepare annually the grantor tax advice information letter for the Trust and promptly provide it to the Employer for use in preparing its corporate income tax return. With respect to the payments to Participants, the Trustee shall withhold the
appropriate federal, state and local taxes required to be withheld and shall properly report and remit such payments to the proper taxing authorities only to the extent directed by the Employer and agreed to by the Trustee. The Employer agrees to
indemnify and defend Trustee against any liability for any taxes, interest or penalties resulting from or relating to the Trust. 
 ARTICLE II  
 INVESTMENTS 
  

	2.1	Employer Investment Authority. The Employer shall have the power over and responsibility for the management and investment of Trust assets. The Employer or Administrator, as
applicable, may appoint an Investment Manager to direct the Trustee in the investment of all or a specified portion of the Trust assets. The Employer or Administrator, as applicable, may also remove any Investment Manager. The Employer or
Administrator, as applicable, shall promptly notify the Trustee in writing of the appointment or removal of any Investment Manager. 

 The Trustee shall have no duty to make recommendations regarding Trust assets and shall retain assets until directed in writing by the Employer or Investment Manager to dispose of them. 
  

	2.2	Funding Policy and Investment Guidelines. The Employer shall have the responsibility for establishing and carrying out a funding policy and method, consistent with the
objectives of the Plan, taking into consideration the Plans’ short-term and long-term financial needs. It is understood that, unless otherwise agreed in writing, the Employer, rather than the Trustee, shall be responsible for the overall
diversification of Trust assets. 

  

	2.3	Disposition of Income. During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

 ARTICLE III  
 TRUSTEE’S POWERS 
  

	3.1	General Trustee’s Powers. Trustee shall have, without exclusion, all powers conferred on Trustees by applicable state law to the extent not preempted, and ERISA, unless
expressly provided otherwise herein, provided, however, that if an insurance policy is held as an asset of the Trust, the Trustee shall have no power to name a beneficiary of the policy other than the Trust, to assign the policy (as

  

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 distinct from conversion of the policy to a different form) other than to a successor Trustee, or to loan
to any person the proceeds of any borrowing against such policy. 
  

	 	(a)	To invest and reinvest the Trust or any part thereof in any one or more kind, type, class, item or parcel of property, real, personal or mixed, tangible or intangible; or in any one
or more kind, type, class, item or issue of investment or security; or in any one or more kind, type class or item of obligation, secured or unsecured; or in any combination of them (including those issued or maintained by the Trustee or any of its
affiliates, to the extent permitted by law); 

  

	 	(b)	To buy, sell, assign, transfer, acquire, loan, lease (for any purpose, including beyond the life of this Trust), exchange and in any other manner to acquire, manage, deal with and
dispose of all or any part of the Trust property, for cash or credit; 

  

	 	(c)	To make deposits with any bank or savings and loan institution, including any such facility of the Trustee or an affiliate thereof, provided that the deposit bears a reasonable rate
of interest; 

  

	 	(d)	To retain all or any portion of the Trust in cash temporarily awaiting investment or for the purpose of making distributions or other payments, without liability for interest
thereon, notwithstanding the Trustee’s receipt of indirect compensation known as float; 

  

	 	(e)	To borrow money for the purposes of the Trust from any source other than a party in interest of the Plan, with or without giving security; to pay interest; to issue promissory notes
and to secure the repayment thereof by pledging all or any part of the Trust assets; 

  

	 	(f)	To take all of the following actions: to vote proxies of any stocks, bonds or other securities; to give general or special proxies or powers of attorney with or without power of
substitution; to exercise any conversion privileges, subscription rights or other options, and to make any payments incidental thereto; to consent to or otherwise participate in corporate reorganizations or other changes affecting corporate
securities and to delegate discretionary powers and to pay any assessments or charges in connection therewith; and generally to exercise any of the powers of an owner with respect to stocks, bonds, securities or other property held in the Trust;

  

	 	(g)	To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any and all other instruments that may be necessary or appropriate to carry out the
powers herein granted; 

  

	 	(h)	To consult with legal counsel (who may be counsel for the Employer or the Administrator) with respect to the interpretation of the Trust Agreement or 

  

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 the Trustee’s duties hereunder or with respect to any legal proceedings or any questions of law and
shall be entitled to take action or not to take action in good faith reliance on the advice of such counsel; 
  

	 	(i)	To pay or cause to be paid from the Trust any and all real or personal property taxes, income taxes or other taxes or assessments of any or all kinds levied or assessed upon or with
respect to the Trust or the Plans; 

  

	 	(j)	Subject to the limitations of 3.1, to hold term or ordinary life insurance contracts, whether group or individual life, or to acquire annuity contracts on the lives of Participants
(but in the case of conflict between any such contract and a Plan, the terms of the Plan shall prevail); to pay from the Trust the premiums on such contracts; to distribute, surrender or otherwise dispose of such contracts; to pay the proceeds, if
any, of such contracts to the proper persons in the event of the death of the insured Participant; to enter into, modify, renew and terminate annuity contracts of deposit administration, of immediate participation or other group or individual type
with one or more insurance companies and to pay or deposit all or any part of the Trust thereunder; to provide in any such contract for the investment of all or any part of funds so deposited with the insurance company in securities under separate
accounts; to exercise and claim all rights and benefits granted to the contract holder by any such contracts. All payments and exercise of all powers with respect to insurance contracts shall be solely on the direction of the Employer;

  

	 	(k)	To exercise all the further rights, powers, options and privileges granted, provided for, or vested in trustees generally under applicable federal or state laws, as amended from
time to time, it being intended that, except as otherwise provided in this Trust, the powers conferred upon the Trustee herein shall not be construed as being in limitation of any authority conferred by law, but shall be construed as in addition
thereto. 

  

	 	(l)	Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, Trustee shall not have any power that could give this Trust the objective of
carrying on a business and dividing the gains therefrom, within the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code. 

  

	3.2	Additional Powers. In addition to the other powers enumerated above, the Trustee is authorized and empowered: 

  

	 	(a)	To invest funds in any type of interest-bearing account including, without limitation, time certificates of deposit or interest-bearing accounts issued by UNION BANK OF CALIFORNIA,
N.A. To use other services or facilities provided by the UnionBanCal Corporation (UNBC), its subsidiaries or affiliates, including but not limited to Union Bank of 

  

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 California, N.A. (Bank), to the extent allowed by applicable law and regulation. Such services may
include but are not limited to (1) the placing of orders for the purchase, exchange, investment or reinvestment of securities through any brokerage service conducted by, and (2) the purchase of units of any registered investment company
managed or advised by Bank, UNBC, or their subsidiaries or affiliates and/or for which Bank, UNBC or their subsidiaries or affiliates act as custodian or provide other services for a fee, including, without limitation, the HighMark Group of mutual
funds. The parties hereby acknowledge that the Bank may receive fees for such services in addition to the fees payable under this Agreement. Fee schedules for additional services shall be delivered to the appropriate party in advance of the
provision of such services. Independent fiduciary approval of compensation being paid to the Bank will be sought in advance to the extent required under applicable law and regulation. 
 If Union Bank of California, N.A. does not have investment discretion, the services referred to above, as well as any additional services, shall be
utilized only upon the appropriate direction of an authorized party. 
  

	 	(b)	To cause all or any part of the Trust to be held in the name of the Trustee (which in such instance need not disclose its fiduciary capacity) or, as permitted by law, in the name of
any nominee, including the nominee name of any depository, and to acquire for the Trust any investment in bearer form; but the books and records of the Trust shall at all times show that all such investments are a part of the Trust and the Trustee
shall hold evidences of title to all such investments as are available; 

  

	 	(c)	To serve as custodian with respect to the Trust assets, to hold assets or to hold eligible assets at the Depository Trust Company or other depository; 

  

	 	(d)	To employ such agents and counsel as may be reasonably necessary in administration and protection of the Trust assets and to pay them reasonable compensation; to employ any
broker-dealer or other agent, including any broker-dealer or other agent affiliated with the Trustee, and pay such broker-dealer or other agent its standard commissions or compensation from Trust assets; to settle, compromise, abandon, contest or
arbitrate all claims and demands in favor of or against the Trust; to prosecute, compromise and defend lawsuits, but without obligation to do so, all at the risk and expense of the Trust; and to charge any premium on bonds purchased at par value to
the principal of the Trust without amortization from the Trust, regardless of any law relating thereto; 

  

	 	(e)	To tender its defense to the Employer in any legal proceeding where the interests of the Trustee and the Employer are not adverse, provided that any legal counsel selected to defend
the Trustee is acceptable to the Trustee. The Employer may satisfy all or any part of its obligations under this section through insurance arrangements acceptable to the Trustee; 

  

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	 	(f)	To permit such inspections of documents at the principal office of the Trustee as are required by law, subpoena or demand by United States or state agency during normal business
hours of the Trustee; 

  

	 	(g)	To comply with all requirements imposed by law; 

  

	 	(h)	To seek written instructions from the Employer or Administrator, as applicable, on any matter and await written instructions without incurring any liability. If at any time the
Employer or Administrator, as applicable, should fail to give directions to the Trustee, the Trustee may act in the manner that in its discretion it deems advisable under the circumstances for carrying out the purposes of this Trust. Such actions
shall be conclusive on the Employer, the Administrator and the Participants on any matter if written notice of the proposed action is given to Employer five (5) days prior to the action being taken, and the Trustee receives no response;

  

	 	(i)	To compensate such executive, consultant, actuarial, accounting, investment, appraisal, administrative, clerical, secretarial, custodial, depository and legal firms, personnel and
other employees or assistants as are engaged by the Employer or Administrator, as applicable, in connection with the administration of the Plans and to pay from the Trust the necessary expenses of such firms, personnel and assistants, to the extent
not paid by the Employer or Administrator, as applicable; 

  

	 	(j)	To impose a reasonable charge to cover the cost of furnishing to Participants statements or documents; 

  

	 	(k)	To act upon proper written directions of the Employer, Administrator, or any Participant, as applicable, including directions given by photostatic teletransmission using facsimile
signature. If oral instructions are given, to act upon those in Trustee’s discretion prior to receipt of written instructions. Trustee’s recording or lack of recording of any such oral instructions taken in Trustee’s ordinary course
of business shall constitute conclusive proof of Trustee’s receipt or non-receipt of the oral instructions; 

  

	 	(l)	To pay from the Trust the expenses reasonably incurred in the administration of the Trust; 

  

	 	(m)	To maintain insurance for such purposes, in such amounts and with such companies as the Employer or Administrator, as applicable, shall elect, including insurance to cover liability
or losses occurring by reason of the acts or omissions of fiduciaries (but only if such insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary); 

 

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	 	(n)	As directed by the Employer or Administrator, as applicable, to cause the benefits provided under the Plan to be paid directly to the persons entitled thereto under the Plan, and in
the amounts and at the times and in the manner specified by the Plan, and to charge such payments against the Trust and Accounts with respect to which such benefits are payable; 

  

	 	(o)	To exercise and perform any and all of the other powers and duties specified in this Trust Agreement or the Plans; and in addition to the powers listed herein, to do all other acts
necessary or desirable for the proper administration of the Trust, as though the absolute owner thereof. 

  

	3.3	Legal Duties. The Trustee shall exercise any of the foregoing powers from time to time as required by law. 

 ARTICLE IV  
 TRUSTEE AND
EMPLOYER DUTIES 
  

	4.1	Plan and Trust Characteristics. To the extent the Plan is designed to cover employees of the Employer, the Employer shall at all times ensure that the Plan and this Trust
shall have the characteristics supporting a determination that the Plan is an arrangement constituting an unfunded plan maintained for the purposes of providing deferred compensation to a select group of management or highly compensated employees
for purposes of Title I of ERISA. 

  

	4.2	Payments to Participants. 

  

	 	(a)	The Employer shall deliver to the Trustee a schedule (the “Payment Schedule”) that indicates the amounts payable in respect of each Participant, that provides a formula or
other instructions acceptable to the Trustee for determining the amount so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as
otherwise provided herein, the Trustee shall make payments to the Participants in accordance with such Payment Schedule. If so directed by the Employer, the Trustee shall make provision for the reporting and withholding of any federal, state or
local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported,
withheld and paid by the Employer. 

  

	 	(b)	The entitlement of a Participant to benefits under the Plan shall be determined by the Employer or such party as shall be designated under the Plan, and any claim for such benefits
shall be considered and reviewed under the procedures set out in the Plan. 

  

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	 	(c)	The Employer may make payment of benefits directly to Participants as they become due under the terms of the Plan. The Employer shall notify the Trustee of its decision to make
payment of benefits directly prior to the time amounts are payable to Participants. In addition, if the principal of the Trust, and earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, the
Employer shall make the balance of each such payment as it falls due. The Trustee shall notify the Employer where principal and earnings are not sufficient. The Trustee shall have no duty or obligation to enforce or compel the Employer to make
payments hereunder. The Employer may direct the Trustee to reimburse the Employer for payments made directly by Employer to Participants and shall provide the Trustee with such documentation to evidence those direct payments as the Trustee may
reasonably request. 

  

	 	(1)	In the event payments are made by the Employer directly to Participants, the Employer shall have sole responsibility for the reporting and withholding of any federal, state, or
local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authority. 

  

	 	(2)	The Trustee shall have no duty or responsibility with respect to the above stated reporting, withholding or payment of taxes and shall have no responsibility to determine that the
Employer has provided for such reporting, withholding or payment of such taxes. 

  

	 	(3)	The Employer shall indemnify and hold the Trustee harmless from any and all losses, claims, penalties or damages which may occur as a result of the Trustee’s following in good
faith the written direction of the Employer to reimburse the Employer for payments made hereunder to Participants and arising from the Employer’s tax reporting, withholding and payment obligations hereunder. 

  

	 	(d)	Upon the satisfaction of all liabilities of the Employer under the Plan to all Participants the Trustee shall hold or distribute the Trust in accordance with the written
instructions of the Employer. Except as provided in (c) above, at no time prior to the Employer’s Insolvency, as defined in Article XI, or the satisfaction of all liabilities of the Employer under the Plans in respect of all Participants
having Accounts hereunder, shall any part of the Trust revert to the Employer. 

  

	4.3	Accounts and Records. The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements and all other transactions required to be done,
including such specific records as shall be agreed upon in writing between the Employer and the Trustee. All such accounts, books and records shall be open to inspection and audit at all reasonable times by the Employer and by the

  

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 Participants. Within sixty (60) days after the close of each quarter and Plan year and within sixty
(60) days after the resignation or removal of the Trustee as provided in Article VI hereof, the Trustee shall render to the Employer a written account showing in reasonable summary the investments, receipts, disbursements and other transactions
engaged in by the Trustee during the preceding Plan Year or accounting period with respect to the Trust. Such account shall set forth the assets and liabilities of the Trust. The Employer shall have sixty (60) days after the Trustee’s
mailing of each such quarterly or final account within which to file with the Trustee written objections to such account. Upon the expiration of each such period, the account shall be deemed approved by the Employer, except with respect to any act
or transaction as to which the Employer files a written objection with the Trustee within such sixty-day period. Nothing in this Section 4.3 is intended to deprive the Employer of any rights to which it may be entitled by law. With respect to
the written account statement, the Trustee shall correct any error it has made, to the extent such error occurred within the applicable statute of limitations period. If such error is discovered more than sixty days after the end of an accounting
period and beyond the timeframe for electronic records retention or for ability to reconcile balances on the Trustee’s trust accounting system, the correction of such error may be reflected on a trust accounting statement subsequent to the
statement for the period in which the error occurred. 
 Notwithstanding anything herein to the contrary, the Trustee shall have no duty or
responsibility to obtain valuations of any assets of the Trust Fund, the value of which is not readily determinable on an established market. The Employer shall bear sole responsibility for determining said valuations and shall be responsible for
providing said valuations to the Trustee in a timely manner. The Trustee may conclusively rely on such valuations provided by the Employer and shall be indemnified and held harmless by the Employer with respect to such reliance. 
  

	4.4	Reports. The Trustee shall file such descriptions and reports and shall furnish such information and make such other publications, disclosures, registrations and other
filings as are required of the Trustee by law. The Trustee shall have no responsibility to file reports or descriptions, publish information or make disclosures, registrations or other filings unless directed by the Employer.

  

	4.5	Directions to Trustee. Directions to the Trustee shall be in writing and signed by the persons authorized to direct the Trustee, or shall be made by such other method as the
parties shall agree, including directions given by photostatic teletransmission using facsimile signature. The Trustee is also authorized to act on verbal instructions in its discretion prior to receipt of written or photostatic teletransmission
instructions. The Trustee is hereby authorized to record conversations and facsimile transmissions made in connection with the Trust. This Trust Agreement specifically anticipates and authorizes the Trustee to act on directions communicated to the
Trustee via later-developed electronic and digital media as the parties shall agree. 

  

 12 

	4.6	Information to be Provided to Trustee. The Employer shall maintain and furnish the Trustee with all reports, documents and information as shall be required by the Trustee to
perform its duties and discharge its responsibilities under this Trust Agreement, including without limitation a certified copy of each of the Plans and all amendments thereto. 

 The Trustee shall be entitled to rely on the most recent reports, documents and information furnished to it by the Employer. The Employer shall be
required to notify the Trustee as to the termination of employment of any Participant by death, retirement or otherwise. 
 The Employer shall
arrange for each Investment Manager if appointed pursuant to Section 2.1, and each insurance company issuing contracts held by the Trustee pursuant to Section 3.1(k), to furnish the Trustee with such valuations and reports as are necessary
to enable the Trustee to fulfill its obligations under this Trust Agreement, and the Trustee shall be fully protected in relying upon such valuations and reports. 
 ARTICLE V  
 RESTRICTIONS ON TRANSFER 
  

	5.1	Persons to Receive Payment. 

  

	 	(a)	The Trustee shall, except as otherwise provided in section 4.2(d) and subsection (b) hereunder, pay all amounts payable hereunder only to the person(s) designated under the
Plan or deposit such amounts to the Participant’s checking or savings account as directed in writing by the Employer and not to any other person or corporation, and only to the extent of assets held in the Trust. The Employer’s written
instructions, to the Trustee to make distributions or not to make distributions, and the amount thereof, shall be conclusive on all Participants. 

  

	 	(b)	Should any controversy arise as to the person(s) to whom any distribution or payment is to be made by the Trustee, or as to any other matter arising in the administration of the
Plans or Trust, the Trustee may retain the amount in controversy pending resolution of the controversy or the Trustee may file an action seeking declaratory relief and/or may interplead the Trust assets in issue, and name as necessary parties the
Employer, the Participants and/or any or all persons making conflicting demands. 

  

	 	(c)	The Trustee shall not be liable for the payment of any interest or income, except for that earned as a Trust investment, on any amount withheld or interpleaded under subsection (b).

  

	 	(d)	The expense of the Trustee for taking any action under subsection (b) shall be paid to the Trustee from the Trust. 

  

 13 

	5.2	Assignment and Alienation Prohibited. Benefits payable to Participants under this Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated,
pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. Notwithstanding the foregoing, the Trust shall at all times remain subject to the claims of creditors of the Employer in the event the
Employer becomes Insolvent as provided in Article XI. 

 ARTICLE VI  
 RESIGNATION, REMOVAL AND SUCCESSION 
  

	6.1	Resignation or Removal of Trustee. The Trustee may resign at any time by written notice to the Employer, which shall be effective sixty (60) days after receipt of such
notice unless the Employer and the Trustee agree otherwise. The Employer or Administrator, as applicable, may remove the Trustee at any time by written notice to the Trustee, such removal shall be effective sixty (60) days after receipt of such
notice unless the Employer and the Trustee agree otherwise. 

  

	6.2	Designation of Successor. Upon notice of the Trustee’s resignation or removal, the Employer or Administrator, if applicable, shall promptly designate a successor Trustee
who will accept transfer of the assets of the Trust. 

 If no successor Trustee is designated within thirty (30) days of
notice of the Trustee’s resignation or removal, then the chief executive officer and chief financial officer of the Employer are hereby designated as the successor Co-Trustees. 
  

	6.3	Transfer of Trust Assets. Upon resignation or removal of the Trustee and appointment of a successor Trustee, all assets shall subsequently be transferred to the successor
Trustee. The transfer shall be completed as soon as administratively feasible after receipt of notice of resignation or removal or transfer and appointment of and acceptance by successor Trustee. 

  

	6.4	Court Appointment of Successor. If the Trustee resigns or is removed, a successor shall be appointed, in accordance with Section 6.2 hereof, by the effective date of
resignation or removal under paragraph 6.1 of this section. If no such appointment has been timely accepted by a successor Trustee, the Trustee may apply to a court of competent jurisdiction for appointment of a successor Trustee or for
instructions. All expenses of the Trustee in connection with the proceeding shall be allowed as administrative expenses of the Trust. Until the Trust assets have been transferred to the successor Trustee, the Trustee shall be entitled to be
compensated for its services according to its published fee schedule then in effect for acting as Trustee. 

  

 14 

	6.5	Successor’s Powers. A successor Trustee shall have the same powers and duties as those conferred upon the original Trustee hereunder. A resigning Trustee shall transfer
the Trust assets and shall deliver the assets of the Trust to the successor Trustee as soon as practicable. The resigning Trustee is authorized, however, to reserve such amount as may be necessary for the payment of its fees and expenses incurred
prior to its resignation, and the Trust assets shall remain liable to reimburse the resigning Trustee for all fees and costs, expenses or attorneys’ fees or losses incurred, whether before or after resignation, due solely to the Trustee’s
holding title to and administration of Trust assets. 

  

	6.6	Successor’s Duties. A successor Trustee shall have no duty to audit or otherwise inquire into the acts and transactions of its predecessor. 

 ARTICLE VII  
 AMENDMENT

  

	7.1	Power to Amend. This Trust Agreement may be amended by a written instrument executed by the Trustee and the Employer. No such amendment shall conflict with the terms of the
Plan nor shall it make the Trust revocable. 

 ARTICLE VIII  
 LIABILITIES 
  

	8.1	Declaration of Intent. To the full extent permitted by law, it is the intent of this Article to relieve the Employer, Administrator, Investment Manager, and the Trustee from
all liability for any acts or omissions of any other person and to declare the absence of liabilities of all persons referred to in this Article to the extent not imposed by law or by provisions of this Trust Agreement. Each of the following
Sections, in declaring such limitation, is set forth without limiting the generality of this Section but in each case shall be subject to the provisions, limitations and policies set forth in this Section. 

  

 15 

	8.2	Liability of the Trustee. 

  

	 	(a)	The Trustee is not a party to the Plan and shall have no powers, duties or responsibilities with regard to the administration of the Plan or to determine the rights or benefits of
any person having or claiming an interest under the Plan or in the Trust assets or under this Trust Agreement or to control any disposition of the Trust or part thereof which is directed by the Employer, Administrator, any Investment Manager or
Participant or any person reasonably believed by the Trustee to be their designee(s). 

  

	 	(b)	The Trustee shall have no liability for the adequacy or timeliness of contributions for the purposes of the Plan or for enforcement of the payment thereof. 

 

	 	(c)	The Trustee shall have no liability for the acts or omissions of the Employer, Administrator, any Investment Manager, Participant, or their designee(s). 

  

	 	(d)	The Trustee shall have no liability for following proper directions of any person or entity reasonably believed by the Trustee to have been given authority to direct the Trustee
pursuant to this Trust Agreement. 

  

	 	(e)	During such period or periods of time, if any, as the Employer, Administrator, any Investment Manager, Participant, or their designee(s) is directing the investment and management
of Trust assets, the Trustee shall have no obligation to determine the existence of any conversion, redemption, exchange, subscription or other right relating to any securities purchased on their directions if notice of any such right was given
prior to the purchase of such securities. If such notice is received by the Trustee after the purchase of such securities, the Trustee shall notify the directing party. The Trustee shall have no obligation to exercise any such right unless it is
informed of the existence of the right and is instructed to exercise such right, in writing, by the directing party within a reasonable time prior to the expiration of such right. 

  

	 	(f)	If a directing party directs the Trustee to purchase securities issued by any foreign government or agency thereof, or by any corporation domiciled outside of the United States, it
shall be the responsibility of the directing party to advise the Trustee in writing with respect to any laws or regulations of any foreign countries or any United States territories or possessions which shall apply, in any manner whatsoever, to such
securities, including, but not limited to, receipt of dividends or interest or reclamation of foreign taxes by the Trustee for such securities. 

  

 16 

 ARTICLE IX  
 DURATION, TERMINATION AND REPAYMENTS TO EMPLOYER 
  

	9.1	Revocation and Termination. The Trust shall not terminate until the date on which Participants are no longer entitled to benefits pursuant to the terms of the Plan. Upon
termination of the Trust any assets remaining in the Trust shall be returned to Employer. In the event the Trust is terminated following the distribution of all payments and benefits called for herein, from the date of such termination of the Trust
and until the final distribution of the remaining Trust assets, if any, the Trustee shall continue to have all the powers provided under this Trust Agreement that are necessary or desirable for the orderly liquidation and distribution of the Trust.

  

	9.2	Duration. This Trust shall continue in full force and effect for the maximum period of time permitted by law and in any event until the expiration of twenty-one years after
the death of the last surviving person who was living at the time of execution hereof who at any time becomes a Participant in the Plan, unless this Trust is sooner terminated in accordance with this Trust Agreement. 

  

	9.3	Payments to the Employer Prior to Termination. Except with respect to the reimbursement of the Employer by the Trust for benefit payments made directly to a Participant by
the Employer pursuant to Section 4.2(c), no part of the Trust shall revert to the Employer at any time prior to the earlier of the Employer’s Insolvency, as defined in Article X, or the satisfaction of all liabilities under the Plan, as
described in Section 9.1. 

  

	9.4	Revocation by All Participants. Unless the Trust is otherwise revocable by the Employer, upon written approval of all Participants entitled to payment of benefits pursuant to
the terms of the Plan, the Employer may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Employer. The Trustee may rely conclusively on the
Employer’s directive and certification that all Participants have consented to such revocation and termination. 

 ARTICLE X  
 DISTRIBUTIONS IN THE EVENT OF INSOLVENCY OF EMPLOYER 
  

	10.1	Trustee and Employer Responsibility Upon Notice of Employer’s Insolvency. 

  

	 	(a)	Insolvency. The Trustee shall cease payment of benefits to Participants if the Employer is Insolvent. The Employer shall be considered “Insolvent” for purposes of
this Trust Agreement if (i) the Employer is unable to pay its debts as they become due, or (ii) the Employer is subject to a pending proceeding as a debtor under the United States Bankruptcy Code 

  

 17 

	 	(b)	At all times during the continuance of this Trust, as provided in Section 1.4 hereof, the principal and income of the Trust shall be subject to claims of general creditors of
the Employer under federal and state law as set forth below. 

  

	 	(1)	The Board of Directors and the chief executive officer of the Employer shall have the duty to inform the Trustee in writing of the Employer’s Insolvency. If a person claiming
to be a creditor of the Employer alleges in writing to the Trustee that the Employer has become Insolvent, the Trustee shall determine whether the Employer is Insolvent and, pending such determination, the Trustee shall discontinue payment of
benefits to Participants. If the Trustee is unable to obtain information sufficient to ascertain Insolvency, the Trustee may seek instructions of a court of law or submit the matter for arbitration before the American Arbitration Association or
interplead the Trust Assets at the expense of the Trust. 

  

	 	(2)	Unless the Trustee has actual knowledge of the Employer’s Insolvency, or has received written notice from the Employer or a person claiming to be a creditor alleging that the
Employer is Insolvent, the Trustee shall have no duty to inquire whether the Employer is Insolvent. The Trustee may in all events rely on such evidence concerning the Employer’s solvency as may be furnished to the Trustee and that provides the
Trustee with a reasonable basis for making a determination concerning the Employer’s solvency. 

  

	 	(3)	If at any time the Trustee has determined that the Employer is Insolvent, the Trustee shall discontinue payments to Participants and shall hold the assets of the Trust for the
benefit of the Employer’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Participants to pursue their rights as general creditors of the Employer with respect to benefits due under the Plan or
otherwise. 

  

	 	(4)	The Trustee shall resume the payment of benefits to Participants in accordance with Section 4.2 of this Trust Agreement only after the Trustee has determined that the Employer
is not Insolvent (or is no longer Insolvent). 

  

	 	(c)	Determination of Insolvency. Upon receipt of the aforesaid written notice of the Employer’s Insolvency, the Trustee shall notify the Employer, and the Employer, within
thirty (30) days of receipt of such notice, shall engage an arbitrator (the “Arbitrator”) acceptable to the Trustee from the American Arbitration Association to determine the Employer’s solvency or Insolvency. The Employer shall
cooperate fully and assist the Arbitrator, as may be requested by the Arbitrator, in such determination and shall pay 

  

 18 

 all costs relating to such determination. The Arbitrator shall notify the Employer and Trustee separately
by registered mail of its findings. If the Arbitrator determines that the Employer is solvent or if once found Insolvent the Employer is no longer Insolvent, the Trustee shall resume holding the Trust assets for the benefit of the Participants and
may make any distributions called for under this Trust Agreement, including any amounts which should have been distributed during the period when the Trustee suspended distributions in response to a notice of the Employer’s Insolvency,
including earnings (or losses) on such suspended distributions. If the Arbitrator determines that the Employer is Insolvent or is unable to make a conclusive determination of the Employer’s Insolvency, the Trustee shall continue to retain the
assets of the Trust until the Employer’s status of solvency or Insolvency is decided by a court of competent jurisdiction or it distributes all or a portion of the Trust assets to any duly appointed receiver, trustee in bankruptcy, custodian or
to the Employer’s general creditors, but only as such distribution is ordered by a court of competent jurisdiction. 
 The Trustee shall
have no liability for relying upon the determination of the Arbitrator as to the Employer’s solvency or Insolvency. 
  

	 	(d)	If a court of competent jurisdiction orders distribution of only part of the Trust assets and does not specify the manner in which Trust assets are to be liquidated, the Trustee
shall liquidate Trust assets as follows: 

  

	 	(i)	If such liquidation is ordered prior to a Change in Control, as directed by the Employer; or 

  

	 	(ii)	If such liquidation is ordered after a Change in Control or upon Insolvency of the Employer, as determined by the Trustee in its sole and absolute discretion.

 If the Employer fails to provide instructions under subparagraph (i) above, as to the manner of liquidation within five
(5) business days prior to the date the Trustee is required to comply with the court’s order, the Trustee shall liquidate and shall have the authority to order any Investment Manager to liquidate the Trust assets in such manner as the
Trustee shall determine in its sole and absolute discretion. The Trustee shall not be liable for any damages resulting from the Trustee’s exercise in good faith of its power to liquidate assets as provided in this paragraph. 
  

	 	(e)	Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to subsection (b)(3) hereof and subsequently resumes such
payments, the first payment following such discontinuance shall include the aggregate amount of all payments due to Participants under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any payments made to

  

 19 

 Participants by the Employer in lieu of the payments provided for hereunder during any such period of
discontinuance of which the Trustee has actual knowledge. 
 Nothing in this Trust Agreement shall in any manner diminish any right of a Participant to
pursue his or her rights as a general creditor of the Employer with regard to payments under the Trust or otherwise. 
 ARTICLE XI 

 MISCELLANEOUS 

	11.1	Delegation. 

 By written notice to the Trustee, the
Employer may authorize the Trustee to act on matters in the ordinary course of the business of the Trust or on specific matters upon the signature of its delegate. 
  

	11.2	Trustee Compensation, Expenses and Taxes. 

  

	 	(a)	The Employer shall quarterly pay the Trustee its expenses in administering the Trust and reasonable compensation for its services as Trustee at a rate to be agreed upon by the
parties to this Trust Agreement, based upon Trustee’s published fee schedule. If not so paid, the expenses and compensation shall be paid from the Trust. However, the Trustee reserves the right to alter this rate of compensation at any time by
providing the Employer with notice of such change at least thirty (30) days prior to its effective date. Reasonable compensation shall include compensation for any extraordinary services or computations required, such as determination of
valuation of assets when current market values are not published and interest on funds to cover overdrafts. The Trustee shall have a lien on the Trust for compensation and for any reasonable expenses including counsel, appraisal, or accounting fees,
and these shall be withdrawn from the Trust and may be reimbursed by the Employer. 

  

	 	(b)	Reasonable counsel fees, reasonable costs, expenses and charges of the Trustee incurred or made in the performance of its duties, expenses relating to investment of the Trust such
as broker’s commissions, stamp taxes, and similar items and all taxes of any and all kinds that may be levied or assessed under existing or future laws upon or in respect to the Trust or the income thereof, and the Trustee’s charges for
issuing distribution checks to Participants or their representatives shall be paid from, and shall constitute a charge upon the Trust. 

  

	 	(c)	The Employer shall pay any federal, state or local taxes on the Trust, or any part thereof, and/or the income therefrom. In the event any 

  

 20 

 Participant is determined to be subject to federal income tax on any amount under this Trust Agreement
prior to the time of payment hereunder, the entire amount determined to be so taxable shall, at the Employer’s direction, be distributed by the Trustee to such Participant from the Trust. For the above purposes, a Participant shall be
determined to be subject to federal income tax with respect to the Trust upon the earlier of: (a) a final determination by the United States Internal Revenue Service (“IRS”) addressed to the Participant which is not appealed to the
courts; or (b) an opinion of legal counsel designated in writing by the Employer, addressed to the Employer and the Trustee, that, by reason of Treasury Regulations, amendments to the Code, published IRS rulings, court decisions or other
substantial precedent, amounts hereunder subject the Participant to federal income tax prior to payment. The Employer shall undertake at its discretion and at its sole expense to defend any tax claims described herein which are asserted by the IRS
against any Participant, including attorney fees and costs of appeal, and shall have the sole authority to determine whether or not to appeal any determination made by the IRS or by a lower court. The Employer also agrees to reimburse any
Participant under this Section for any interest or penalties in respect of tax claims hereunder upon receipt of documentation thereof. 
  

	11.3	Third Parties. 

  

	 	(a)	No person dealing with the Trustee shall be required to follow the application of purchase money paid or money loaned to the Trustee nor inquire as to whether the Trustee has
complied with the requirements hereof. 

  

	 	(b)	In any judicial or administrative proceedings, only the Employer and the Trustee shall be necessary parties and no Participant or other person having or claiming any interest in the
Trust shall be entitled to any notice or service of process (except as required by law). Any judgment, decision or award entered in any such proceeding or action shall be conclusive upon all interested persons. 

  

	11.4	Adoption by Affiliated Employer. Any affiliate of the Employer (an “Affiliated Employer”) may adopt the Employer’s Plan with the approval of the Employer. Upon
written notice, to the Trustee from the Employer, the Affiliated Employer shall become a party to this Trust Agreement. 

  

	11.5	Binding Effect; Successor Employer. This Trust Agreement shall be binding upon and inure to the benefit of any successor to the Employer or its business as the result of
merger, consolidation, reorganization, transfer of assets or otherwise and any subsequent successor thereto. In the event of any such merger, consolidation, reorganization, transfer of assets or other similar transaction, the successor to the
Employer or its business or any subsequent successor thereto shall promptly notify the Trustee in writing of its successorship and shall promptly supply information required by the Trustee. 

  

 21 

	11.6	Relation to Plan. All words and phrases used herein shall have the same meaning as in the Plan, and this Trust Agreement and the Plan shall be read and construed together. In
the event of conflict between the terms of the Plan and this Trust Agreement with respect to the rights and duties of the Trustee, the terms of this Trust Agreement shall control. Whenever in the Plan it is provided that the Trustee shall act as
therein prescribed, the Trustee shall be and is hereby authorized and empowered to do so for all purposes as fully as though specifically so provided herein or so directed by the Employer. 

  

	11.7	Partial Invalidity. Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the remaining
provisions hereof. In the event of any such holding, the Employer and Trustee and, if applicable, Participants, will immediately amend this Trust Agreement as necessary to remedy any such defect. 

  

	11.8	Construction. This Trust Agreement shall be governed by and construed in accordance with the laws of California. 

  

	11.9	Counterparts. This Trust Agreement may be executed in several counterparts, each of which shall be deemed an original, and such counterparts shall constitute but one
instrument which may be sufficiently evidenced by any one counterpart. 

  

	11.10	Notices. Any notice, report, demand or waiver required or permitted hereunder shall be in writing, shall be deemed received upon the date of delivery if given personally or,
if given by mail, upon the receipt thereof, and shall be given personally or by prepaid registered or certified mail, return receipt requested, addressed to the Employer and the Trustee; if to a Participant, to the last mailing address provided to
the Trustee with respect to such individual; provided, however, that if any party or his or its successor shall have designated a different address by written notice to the other parties, then to the last address so designated.

  

	11.11	Mediation and Arbitration of Disputes. If a dispute arises under this Trust Agreement between or among the Employer and Trustee or any Participant, except as provided in
Sections 5.1(b) and 6.4, the parties agree first to try in good faith to settle the dispute by mediation under the Commercial Mediation Rules of the American Arbitration Association. Thereafter, any remaining unresolved controversy or claim arising
out of or relating to this Agreement, or the performance or breach thereof, shall be decided by binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association and Title 9 of California Code of Civil
Procedure Sections 1280 et seq. The sole arbitrator shall be a retired or former Judge associated with the American Arbitration Association. Judgment upon any award rendered by the arbitrator shall be final and may be entered in any court having
jurisdiction. Each 

  

 22 

 party shall bear its own costs, attorney’s fees and its share of arbitration fees. The Alternate
Dispute Resolution Agreement in this Agreement does not constitute a waiver of the parties’ rights to a judicial forum in instances where arbitration would be void under applicable law, and does not preclude the Trustee from exercising its
rights to interplead the funds of the Trust at the cost of the Trust. 
 ARTICLE XII  
 EFFECTIVE DATE 
 IN WITNESS WHEREOF,
this Trust Agreement is signed by the duly authorized officers of the parties on the dates set forth below their names, and shall be effective on the Trustee’s receipt of Plan assets to be held in trust hereunder. The Employer hereby
acknowledges that it has conferred with its counsel with respect to the adoption and the provisions of this Trust Agreement. 
  

									
	UNION BANK OF CALIFORNIA, N.A.	 		 	HOLOGIC, INC.
					
	By:	 	  
	 		 	By:	 	  

			
	  
	 		 	  

	(typed or printed name)	 		 	David Brady
					
	Title:	 	  
	 		 	Title:	 	Senior Vice President of Human Resources
					
	By:	 	  
	 		 		 	
			
	  
	 		 	
	(typed or printed name)	 		 		 	
					
	Title:	 	  
	 		 		 	

  

 23Form of Indenture

 EXHIBIT 4.1 
 TECH DATA CORPORATION 
 [•]% Convertible Senior Debentures due 2026 
 Indenture 
  
 Dated as of 
 December [•], 2006 
 U.S. BANK NATIONAL ASSOCIATION, 
 Trustee

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I
	
	DEFINITIONS AND INCORPORATION BY REFERENCE
	 Section 1.1
	  	 Definitions
	  	1
	 Section 1.2
	  	 Other Definitions
	  	5
	 Section 1.3
	  	 Incorporation by Reference of Trust Indenture Act
	  	6
	 Section 1.4
	  	 Rules of Construction
	  	6
	 Section 1.5
	  	 Acts of Holders
	  	6
	
	ARTICLE II
	
	THE SECURITIES
			
	 Section 2.1
	  	 Form and Dating
	  	7
	 Section 2.2
	  	 Execution and Authentication
	  	9
	 Section 2.3
	  	 Registrar, Paying Agent and Conversion Agent
	  	9
	 Section 2.4
	  	 Paying Agent to Hold Money and Securities in Trust
	  	10
	 Section 2.5
	  	 Securityholder Lists
	  	10
	 Section 2.6
	  	 Transfer and Exchange
	  	10
	 Section 2.7
	  	 Replacement Securities
	  	11
	 Section 2.8
	  	 Outstanding Securities; Determinations of Holders’ Action Securities
	  	12
	 Section 2.9
	  	 Temporary Securities
	  	13
	 Section 2.10
	  	 Cancellation
	  	13
	 Section 2.11
	  	 Persons Deemed Owners
	  	13
	 Section 2.12
	  	 Global Securities
	  	14
	 Section 2.13
	  	 CUSIP Numbers
	  	17
	
	  
 ARTICLE III
  
 REDEMPTION AND PURCHASES

			
	 Section 3.1
	  	 Company’s Right to Redeem; Notices to Trustee
	  	17
	 Section 3.2
	  	 Selection of Securities to Be Redeemed
	  	17
	 Section 3.3
	  	 Notice of Redemption
	  	17
	 Section 3.4
	  	 Effect of Notice of Redemption
	  	18
	 Section 3.5
	  	 Deposit of Redemption Price
	  	18
	 Section 3.6
	  	 Securities Redeemed in Part
	  	19
	 Section 3.7
	  	 Purchase of Securities by the Company at Option of the Holder
	  	19
	 Section 3.8
	  	 Purchase of Securities at Option of the Holder upon a Fundamental Change
	  	21
	 Section 3.9
	  	 Effect of Purchase Notice or Fundamental Change Purchase Notice
	  	26
	 Section 3.10
	  	 Deposit of Purchase Price or Fundamental Change Purchase Price
	  	27

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	 Page

	Section 3.11	  	Securities Purchased in Part	  	27
	Section 3.12	  	Covenant to Comply With Securities Laws Upon Purchase of Securities	  	28
	Section 3.13	  	Repayment to the Company	  	28
		
	ARTICLE IV	  	
		
	COVENANTS	  	
			
	Section 4.1	  	Payment of Securities	  	28
	Section 4.2	  	SEC and Other Reports	  	28
	Section 4.3	  	Compliance Certificate	  	29
	Section 4.4	  	Further Instruments and Acts	  	29
	Section 4.5	  	Maintenance of Office or Agency	  	29
	Section 4.6	  	Delivery of Certain Information	  	30
	Section 4.7	  	Calculation of Original Issue Discount	  	30
		
	ARTICLE V	  	
		
	SUCCESSOR CORPORATION	  	
			
	Section 5.1	  	When Company May Merge or Transfer Assets	  	30
		
	ARTICLE VI	  	
		
	DEFAULTS AND REMEDIES	  	
			
	Section 6.1	  	Events of Default	  	31
	Section 6.2	  	Acceleration	  	33
	Section 6.3	  	Other Remedies	  	33
	Section 6.4	  	Waiver of Past Defaults	  	33
	Section 6.5	  	Control by Majority	  	34
	Section 6.6	  	Limitation on Suits	  	34
	Section 6.7	  	Rights of Holders to Receive Payment	  	34
	Section 6.8	  	Collection Suit by Trustee	  	35
	Section 6.9	  	Trustee May File Proofs of Claim	  	35
	Section 6.10	  	Priorities	  	35
	Section 6.11	  	Undertaking for Costs	  	36
	Section 6.12	  	Waiver of Stay, Extension or Usury Laws	  	36
		
	ARTICLE VII	  	
		
	TRUSTEE	  	
			
	Section 7.1	  	Duties of Trustee	  	36

  

 ii 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	Section 7.2	  	Rights of Trustee	  	37
	Section 7.3	  	Individual Rights of Trustee	  	39
	Section 7.4	  	Trustee’s Disclaimer	  	39
	Section 7.5	  	Notice of Defaults	  	39
	Section 7.6	  	Reports by Trustee to Holders	  	39
	Section 7.7	  	Compensation and Indemnity	  	39
	Section 7.8	  	Replacement of Trustee	  	40
	Section 7.9	  	Successor Trustee by Merger	  	41
	Section 7.10	  	Eligibility; Disqualification	  	41
	Section 7.11	  	Preferential Collection of Claims Against Company	  	41
		
	ARTICLE VIII	  	
		
	DISCHARGE OF INDENTURE	  	
			
	Section 8.1	  	Discharge of Liability on Securities	  	41
	Section 8.2	  	Repayment to the Company	  	42
		
	ARTICLE IX	  	
		
	AMENDMENTS	  	
			
	Section 9.1	  	Without Consent of Holders	  	42
	Section 9.2	  	With Consent of Holders	  	42
	Section 9.3	  	Compliance with Trust Indenture Act	  	43
	Section 9.4	  	Revocation and Effect of Consents, Waivers and Actions	  	43
	Section 9.5	  	Notation on or Exchange of Securities	  	44
	Section 9.6	  	Trustee to Sign Supplemental Indentures	  	44
	Section 9.7	  	Effect of Supplemental Indentures	  	44
		
	ARTICLE X	  	
		
	CONVERSIONS	  	
			
	Section 10.1	  	Conversion Privilege	  	44
	Section 10.2	  	Conversion Procedure	  	46
	Section 10.3	  	Fractional Shares	  	47
	Section 10.4	  	Taxes on Conversion	  	47
	Section 10.5	  	Company to Provide Stock	  	47
	Section 10.6	  	Adjustment for Change in Capital Stock	  	48
	Section 10.7	  	Adjustment for Rights Issue	  	48
	Section 10.8	  	Adjustment for Other Distributions	  	50
	Section 10.9	  	Adjustment for Self Tender Offer	  	52
	Section 10.10	  	When No Adjustment Required	  	52

  

 iii 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 Section 10.11
	  	Notice of Adjustment	  	52
	 Section 10.12
	  	 Voluntary Increase
	  	53
	 Section 10.13
	  	 Notice of Certain Transactions
	  	53
	 Section 10.14
	  	 Reorganization of Company; Special Distributions
	  	53
	 Section 10.15
	  	 Company Determination Final
	  	56
	 Section 10.16
	  	 Trustee’s Adjustment Disclaimer
	  	56
	 Section 10.17
	  	 Simultaneous Adjustments
	  	56
	 Section 10.18
	  	 Successive Adjustments
	  	56
	
	ARTICLE XI
	
	MISCELLANEOUS
			
	 Section 11.1
	  	 Trust Indenture Act Controls
	  	56
	 Section 11.2
	  	 Notices
	  	57
	 Section 11.3
	  	 Communication by Holders with Other Holders
	  	57
	 Section 11.4
	  	 Certificate and Opinion as to Conditions Precedent
	  	57
	 Section 11.5
	  	 Statements Required in Certificate or Opinion
	  	58
	 Section 11.6
	  	 Separability Clause
	  	58
	 Section 11.7
	  	 Rules by Trustee, Paying Agent, Conversion Agent and Registrar
	  	58
	 Section 11.8
	  	 Legal Holidays
	  	58
	 Section 11.9
	  	 Governing Law
	  	58
	 Section 11.10
	  	 No Recourse Against Others
	  	58
	 Section 11.11
	  	 Successors
	  	59
	 Section 11.12
	  	 Multiple Originals
	  	59

  

 iv 

					
	 TIA
SECTION
	 	 CROSS-REFERENCE TABLE
	  	 INDENTURE
 SECTION

	Section    310(a)(1)	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N.A.**
	 (a)(4)
	  	N.A.
	 (a)(5)
	  	7.10
	 (b)
	  	7.8; 7.10
	 (c)
	  	N.A.
	Section    311(a)	  	7.11
	 (b)
	  	7.11
	 (c)
	  	N.A.
	Section    312(a)	  	2.5
	 (b)
	  	11.3
	 (c)
	  	11.3
	Section    313(a)	  	7.6
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	7.6
	 (c)
	  	7.6; 12.2
	 (d)
	  	7.6
	Section    314(a)	  	4.2; 4.4; 12.2
	 (b)
	  	N.A.
	 (c)(1)
	  	11.4(a)
	 (c)(2)
	  	11.4(a)
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	11.4(b)
	 (f)
	  	N.A.
	Section    315(a)	  	7.1(b)
	 (b)
	  	7.5; 12.2
	 (c)
	  	7.1(a)
	 (d)
	  	7.1(c)
	 (e)
	  	6.11
	Section    316(a)(last sentence)	  	2.9
	 (a)(1)(A)
	  	6.5
	 (a)(1)(B)
	  	6.4
	 (a)(2)
	  	N.A.
	 (b)
	  	6.7
	 (c)
	  	12.5
	Section    317(a)(1)	  	6.8
	 (a)(2)
	  	6.9
	 (b)
	  	2.4

	*	This Cross-Reference Table shall not, for any purpose, be deemed a part of this Indenture. 

	**	N.A. means Not Applicable 

 INDENTURE dated as of December [•], 2006 between TECH DATA CORPORATION, a corporation duly organized
and existing under the laws of the State of Florida (“Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association (“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 [•]% Convertible Senior Debentures due 2026: 
 ARTICLE I 
 DEFINITIONS AND INCORPORATION BY
REFERENCE 
 Section 1.1 Definitions. 
 “Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified person. For the purposes of this
definition, “control” when used with respect to any specified person means the power to direct or cause the direction of the management and policies of such person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Applicable Procedures” means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Global Security, in each case to the extent
applicable to such transaction and as in effect from time to time. 
 “Bid Solicitation Agent” means a bid solicitation agent
appointed by the Company to act in such capacity pursuant to Section 3 of Exhibit A-1. 
 “Board of Directors” means either
the board of directors of the Company, the executive committee of such board or any duly authorized committee of such board. 
 “Business Day” means, with respect to any Security, a day that in the City of New York, is not a day on which banking institutions are authorized or required by law or regulation to close. 
 “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. 
 “Certificated Securities” means Securities
that are in the form of the Securities attached hereto as Exhibit A-2. 
 “Common Stock” shall mean the shares of common stock, par
value $0.0015 per share, of the Company existing on the date of this Indenture or any other shares of Capital Stock of the Company into which such common stock shall be reclassified or changed. 

 “Company” means the party named as the “Company” in the first paragraph of this
Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall likewise apply to any subsequent such successor or successors. 
 “Company Request” or “Company Order” means a written request or order signed in the name of the Company by any of its Chairman of the
Board and Chief Executive Officer, Chief Financial Officer, Corporate Controller, Senior Vice President of Tax, Treasurer and Secretary or General Counsel, and delivered to the Trustee. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors who (i) was a member of such Board of
Directors on the date of this Indenture or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such
nomination or election. 
 “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 100 Wall Street, 16th floor, New
York, New York 10005, Attention: [•], 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). 
 “Default” means any event which is,
or after notice or passage of time or both would be, an Event of Default. 
 “Depositary” means, with respect to any Global
Security, a clearing agency that is registered as such under the Exchange Act and is designated by the Company to act as Depositary for such Global Security (or any successor securities clearing agency so registered), which shall initially be The
Depository Trust Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Global Securities” means Securities that are in the form of the Securities attached hereto as Exhibit A-1 and that are issued to a Depositary.

 “Holder” or “Securityholder” means a person in whose name a Security is registered on the Registrar’s books.

 “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. 
 “Issue Date” of any Security means the date on which the Security
was originally issued or deemed issued as set forth on the face of the Security. 
 “Last Reported Sale Price” or “Sale
Price” (A) when used in the context of the Common Stock, means the closing per share sale price (or if no closing sale price is reported, the average 
  

 2 

 of the bid and ask prices or, if more than one in either case, the average of the average bid and the average asked
prices) on that date as reported on The NASDAQ Global Select Market or, if the Common Stock is not then quoted on The NASDAQ Global Select Market, then as reported by the principal U.S. exchange or quotation system the Common Stock is then listed or
quoted; and (B) when used in the context of a Security, means, with respect to any date of determination, the average of the secondary market bid quotations per Security obtained by the Bid Solicitation Agent for $5 million principal amount of
the Securities at approximately 4:00 p.m., New York time, on such determination date from three unaffiliated securities dealers selected by the Company; provided, that if the Securities become convertible into the Exchange Property the “Sale
Price” shall be (1) 100% of the value of any Exchange Property consisting of cash, (2) the applicable closing sale price of any Exchange Property consisting of securities that are traded on a U.S. national securities exchange or
approved for quotation on the NASDAQ Global Select Market or (3) the fair market value of any other Exchange Property, as determined by two independent nationally recognized investment banks selected by the Company for this purpose. 

“Material Subsidiary” means any subsidiary of the Company which at the date of determination is a “significant subsidiary” as
defined in Rule 1-02(w) of Regulation S-X under the Securities Act and the Exchange Act. 
 “Officer” means any of the Chairman of
the Board and Chief Executive Officer, Chief Financial Officer, Corporate Controller, Senior Vice President, Tax, Treasurer and Secretary or General Counsel. 
 “Officers’ Certificate” means a written certificate containing the information specified in Sections 11.4 and 11.5, signed in the name of the Company by one of the Chairman of the Board and Chief
Executive Officer, Secretary or General Counsel and one of the Chief Financial Officer, Corporate Controller, Senior Vice President, Tax or Treasurer. An Officers’ Certificate given pursuant to Section 4.3 shall be signed by an authorized
financial or accounting officer of the Company but need not contain the information specified in Sections 11.4 and 11.5. 
 “Opinion of
Counsel” means a written opinion containing the information specified in Sections 11.4 and 11.5 from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of, or counsel to, the Company or the Trustee.

 “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. 
 “Redemption Date” or
“redemption date” shall mean the date specified in a notice of redemption on which the Securities may be redeemed in accordance with the terms of the Securities and this Indenture. 
 “Redemption Price” or “redemption price” shall have the meaning set forth in Section 5 of the Securities. 
 “Responsible Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust administration division of the
Trustee or any other officer of the Trustee customarily performing functions similar to those performed by any of the above 
  

 3 

 designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such
matter is referred because of his knowledge of and familiarity with the particular subject. 
 “Scheduled Trading Day” means any
day on which the relevant exchange is scheduled to be open for trading. 
 “SEC” means the Securities and Exchange Commission.

 “Securities” means any of the Company’s [•]% Convertible Senior Debentures due 2026, as amended or supplemented from
time to time, issued under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Securityholder” or “Holder” means a person in whose name a Security is registered on the Registrar’s books. 
 “Stated Maturity”, when used with respect to any Security, means December 15, 2026. 
 “Subsidiary” means any person of which at least a majority of the outstanding Voting Stock shall at the time directly or indirectly be owned or
controlled by the Company or by one or more Subsidiaries or by the Company and one or more Subsidiaries. 
 “TIA” means the Trust
Indenture Act of 1939 as in effect on the date of this Indenture, provided, however, that in the event the TIA is amended after such date, TIA means, to the extent required by any such amendment, the TIA as so amended. 
 “trading day” means a day during which trading in securities generally occurs on The NASDAQ Global Select Market or, if the Common Stock is not
quoted on The NASDAQ Global Select Market, on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or traded. 
 “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter,
shall mean such successor. The foregoing sentence shall likewise apply to any subsequent such successor or successors. 
 “Voting
Stock” of a person means Capital Stock of such person of the class or classes pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or
trustees of such person (irrespective of whether or not at the time the Capital Stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency). 
  

 4 

 Section 1.2 Other Definitions. 
  

			
	 Term Section:
	  	Defined in:
	 “Act”
	  	1.5
	 “Agent Members”
	  	2.12(b)
	 “Applicable Conversion Reference Period”
	  	10.1(b)
	 “Average Sale Price”
	  	10.7
	 “beneficial owner”
	  	3.8(a)
	 “cash”
	  	3.7(b)
	 “Cash Dividend”
	  	Exhibit A-1
	 “Clearstream”
	  	2.1(a)
	 “Company Notice”
	  	3.7(c)
	 “Company Notice Date”
	  	3.7(b)
	 “Contingent Interest Period”
	  	Exhibit A-1
	 “Conversion Agent”
	  	2.3
	 “Conversion Date”
	  	10.2
	 “Conversion Rate”
	  	10.1(a)
	 “Conversion Value”
	  	10.1(b)
	 “Daily Share Amounts”
	  	10.1(b)
	 “Effective Date”
	  	3.8(a)
	 “Euroclear”
	  	2.1(a)
	 “Event of Default”
	  	6.1
	 “Exchange Property”
	  	10.14(c)
	 “Exchange Property Average Price”
	  	10.14(d)
	 “Exchange Property Value”
	  	10.14(d)
	 “Ex-Dividend Time”
	  	10.1(a)
	 “Extraordinary Cash Dividend”
	  	10.8
	 “Fundamental Change”
	  	3.8(a)
	 “Fundamental Change Purchase Date”
	  	3.8(a)
	 “Fundamental Change Purchase Notice”
	  	3.8(b)
	 “Fundamental Change Purchase Price”
	  	3.8(a)
	 “Interest Payment Date”
	  	Exhibit A-1
	 “Legal Holiday”
	  	12.8
	 “Make-Whole Premium”
	  	3.8(a)
	 “Net Exchange Property”
	  	10.14(d)
	 “Net Share Amount”
	  	10.1(b)
	 “Net-Electing Share”
	  	10.14(c)
	 “Notice of Default”
	  	6.1
	 “Option Exercise Date”
	  	Exhibit A-1
	 “Paying Agent”
	  	2.3
	 “Payment Blockage Notice”
	  	11.1
	 “Payment Blockage Period”
	  	11.1
	 “Payment Default”
	  	6.1(6), 11.1
	 “Principal Return”
	  	10.1(b)
	 “Purchase Date”
	  	3.7(a)
	 “Purchase Notice”
	  	3.7(a)
	 “Purchase Price”
	  	3.7(a)
	 “Reference Fixed Rate”
	  	Exhibit A-1
	 “Registrar”
	  	2.3
	 “Regular Record Date”
	  	Exhibit A-1

  

 5 

			
	 “Reset Rate”
	  	Exhibit A-1
	 “Reset Rate Agent”
	  	Exhibit A-1
	 “Rule 144A Information”
	  	4.6
	 “Securities Act”
	  	3.7(d)
	 “Stock Price”
	  	3.8(a)
	 “Time of Determination”
	  	10.1(a)
	 “Termination of Trading”
	  	3.8(a)
	 “Trading Day”
	  	10.1(b)

 Section 1.3 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 1.4 Rules of Construction. Unless the context otherwise requires:

 (1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting principles as in effect in the United States from time to time; 
 (3) “or” is not exclusive; 
 (4)
“including” means including, without limitation; and 
 (5) words in the singular include the plural, and words in the plural
include the singular. 
 Section 1.5 Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are 
  

 6 

 delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and
the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall
be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized
by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such signer’s
individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the authority of the person executing the same, may
also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of Securities shall be proved by the register for
the Securities. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security
shall bind every future Holder of the same Security and the holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the
Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (e) If the Company shall
solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a board resolution, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite
proportion of outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding Securities shall be computed as of such record
date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record
date. 
 ARTICLE II 
 THE
SECURITIES 
 Section 2.1 Form and Dating. The Securities and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibits A-1 and A-2, which are a part of this Indenture. To the extent any provisions of the Securities and this Indenture are in conflict, the 
  

 7 

 provisions of this Indenture shall control. The Securities may have notations, legends or endorsements required by law,
stock exchange rule or usage (provided that any such notation, legend or endorsement required by usage is in a form acceptable to the Company). The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each
Security shall be dated the date of its authentication. 
 (a) Global Securities. The Securities shall be issued in the form of one or
more permanent Global Securities substantially in the form of Exhibit A-1. Such Global Securities shall be deposited on behalf of the purchasers of the Securities represented thereby with the Trustee, as custodian for the Depositary, and registered
in the name of the Depositary or a nominee of the Depositary for the accounts of participants in the Depositary (and, in the case of Securities held indirectly, registered with the Depositary for the accounts of designated agents holding on behalf
of the Euroclear S.A./N.V., as operator of the Euroclear System (“Euroclear”) or Clearstream Banking, société anonyme (“Clearstream”)), duly executed by the Company and authenticated by the Trustee as
hereinafter provided. The aggregate principal amount of a Global Security may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee as hereinafter provided. 
 (b) Global Securities in General. Each Global Security shall represent such of the outstanding Securities as shall be specified therein and each
shall provide that it shall represent the aggregate amount of outstanding Securities from time to time endorsed thereon and that the aggregate amount of outstanding Securities represented thereby may from time to time be reduced or increased, as
appropriate, to reflect exchanges, redemptions and conversions. 
 Any adjustment of the aggregate principal amount of a Global Security to
reflect the amount of any increase or decrease in the amount of outstanding Securities represented thereby shall be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.12 hereof and shall be
made on the records of the Trustee and the Depositary. 
 (c) Book-Entry Provisions. This Section 2.1(c) shall apply only to
Global Securities deposited with or on behalf of the Depositary. 
 The Company shall execute and the Trustee shall, in accordance with this
Section 2.1(c), authenticate and deliver initially one or more Global Securities that (a) shall be registered in the name of the Depositary or its nominee, (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 
  

 8 

 COMPANY (AND ANY PAYMENT HEREON IS MADE TO 
 CEDE & CO. OR TO SUCH OTHER ENTITY AS IS 
 REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF 
 THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, 
 PLEDGE OR OTHER USE HEREOF FOR VALUE OR

 OTHERWISE BY OR TO ANY PERSON IS WRONGFUL 
 SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., 
 HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE 
 LIMITED TO TRANSFERS TO NOMINEES OF THE

 DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR 
 THEREOF OR SUCH SUCCESSOR’S NOMINEE.” 
 (d) Certificated Securities. In the event that the Securities are issued as Certificated Securities, including pursuant to Section 2.12(a)(ii), such Securities will be issued substantially in the form of
Exhibit A-2 attached hereto. 
 Section 2.2 Execution and Authentication. The Securities shall be executed on behalf of the
Company by any Officer. 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, 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 the Securities for original issue in an aggregate principal amount of up to $[350,000,000] upon one or more
Company Orders without any further action by the Company. The aggregate principal amount of the Securities due at the Stated Maturity thereof outstanding at any time may not exceed the amount set forth in the foregoing sentence. 
 The Securities shall be issued only in registered form without coupons and only in denominations of $1,000 of principal amount and any integral multiple
thereof. 
 Section 2.3 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 
  

 9 

 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 4.5. The term Conversion Agent includes any additional conversion agent, including any named pursuant to
Section 4.5. 
 The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent or
co-registrar (that is not also 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 7.7. 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 2.4 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 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 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 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 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
Common Stock held by it to the Trustee and to account for any funds and Common Stock disbursed by it. Upon doing so, the Paying Agent shall have no further liability for the money or, if any, shares of Common Stock. 
 Section 2.5 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 the Registrar to furnish to the Trustee at least semiannually on June 1 and December 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 2.6 Transfer and Exchange. (a) Subject to Section 2.12 hereof, 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- 
  

 10 

 registrar pursuant to Section 2.3, the Company shall execute, and the Trustee shall authenticate and deliver, in the
name of the designated transferee or transferees, one or more new Securities of any authorized denomination or denominations, of a like aggregate principal amount. The Company shall not charge a service charge for any registration of transfer or
exchange, but the Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental charges that may be imposed in connection with the transfer or exchange of the Securities from the Securityholder requesting such
transfer or exchange. 
 At the option of the Holder, Securities may be exchanged for other Securities of any authorized denomination or
denominations, of a like aggregate principal amount, upon surrender of the Securities to be exchanged, together with a written instrument of transfer satisfactory to the Registrar duly executed by the Securityholder or such Securityholder’s
attorney duly authorized in writing, at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities, 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 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 2.6(b). Transfers of a Global Security shall be limited to
transfers of such Global Security in whole or in part, to the Depositary, 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 2.3 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 2.7
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 
  

 11 

 the absence of notice to the Company or the Trustee that such Security has been acquired by a protected 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,
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 III hereof, the Company in its discretion may, instead of issuing a new Security, pay or purchase such Security, as the case may be. 
 Upon the issuance of any new Securities under this Section 2.7, 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 2.7 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. 
 The provisions of this Section 2.7 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 2.8 Outstanding Securities; Determinations of
Holders’ Action Securities. Securities outstanding at any time are all the Securities authenticated by the Trustee except for those cancelled by it, those paid pursuant to Section 2.7, those delivered to it for cancellation and those
described in this Section 2.8 as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate thereof holds the Security; provided, however, that in determining whether the Holders of the requisite principal
amount of Securities have given or concurred in any request, demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities
which a Responsible Officer of the Trustee actually 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 VI and IX). 
 If a Security is replaced pursuant to Section 2.7, it ceases to
be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a protected purchaser. 
  

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 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 interest, if any, 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 X, then from and after the Conversion Date, such Security shall cease to be outstanding and interest, if any, shall cease to accrue on such Security. 
 Section 2.9 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. 
 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 2.3 without charge
to the Holder. Upon surrender for cancellation of any one or more temporary Securities the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of authorized
denominations. Until so exchanged the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities. 
 Section 2.10 Cancellation. All Securities surrendered for payment, purchase by the Company pursuant to Article III, 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 X. 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 disposed of by the Trustee in accordance with the Trustee’s customary procedure. 
 Section 2.11 Persons Deemed Owners. Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the person in whose name such Security is
registered in the records of the Registrar as 
  

 13 

 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 2.6(b) and Section 2.12(a)(i),
(B) transfers of a beneficial interest in a Global Security for a Certificated Security shall comply with Section 2.6 and Section 2.12(a)(ii) below, and (C) transfers of a Certificated Security shall comply with Section 2.6
and Sections 2.12(a)(iii) and (iv) 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 one or more nominees 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). 
 (ii) Restrictions on Transfer of a Beneficial Interest in a Global Security for a Certificated
Security. A beneficial interest in a Global Security may not be exchanged for a Certificated Security except upon the circumstances contemplated in Section 2.12(b)(1) below and additionally, upon satisfaction of the requirements set forth
below. Upon receipt by the Trustee of a transfer of a beneficial interest in a Global Security in accordance with Applicable Procedures for a Certificated Security in the form satisfactory to the Trustee, together with written instructions to the
Trustee to make, or direct the Registrar to make, an adjustment on its books and records with respect to such Global Security to reflect a decrease in the aggregate principal amount of the Securities represented by the Global Security, such
instructions to contain information regarding the Depositary account to be credited with such decrease, the Trustee shall cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the
Depositary and the Registrar, the aggregate principal amount of the Securities represented by the Global Security to be decreased by the aggregate principal amount of the Certificated Security to be issued, shall issue such Certificated Security and
shall debit or cause to be debited to the account of the person specified in such instructions a beneficial interest in the Global Security equal to the principal amount of the Certificated Security so issued. 
 (iii) Transfer and Exchange of Certificated Securities. When Certificated Securities are presented to the Registrar with a request:

 (A)     to register the transfer of such Certificated Securities; or 
  

 14 

 (B)     to exchange such Certificated Securities for an equal
principal amount of Certificated Securities of other authorized denominations, 
 the Registrar shall register the transfer or make the
exchange as requested if its reasonable requirements for such transaction are met; provided, however, that the Certificated Securities surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in
form reasonably satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
 (iv) Restrictions on Transfer of a Certificated Security for a Beneficial Interest in a Global Security. A Certificated Security may not be exchanged for a beneficial interest in a Global Security except upon
satisfaction of the requirements set forth below. 
 Upon receipt by the Trustee of a Certificated Security, duly endorsed or
accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with written instructions directing the Trustee to make, or to direct the Registrar to make, an adjustment on its books and records with respect to
such Global Security to reflect an increase in the aggregate principal amount of the Securities represented by the Global Security, such instructions to contain information regarding the Depositary account to be credited with such increase, then the
Trustee shall cancel such Certificated Security and cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Registrar, the aggregate principal amount of Securities
represented by the Global Security to be increased by the aggregate principal amount of the Certificated Security to be exchanged, and shall credit or cause to be credited to the account of the person specified in such instructions a beneficial
interest in the Global Security equal to the principal amount of the Certificated Security so cancelled. If no Global Securities are then outstanding, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in
the form of an Officers’ Certificate, a new Global Security in the appropriate principal amount. 
 (b) The provisions of clauses (1),
(2), (3) and (4) below shall apply only to Global Securities: 
  

	 	(1)	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 (i) 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 (ii) an Event of Default has occurred and is continuing with respect to the Securities. Any Global Security exchanged pursuant to clause (i) above shall be so exchanged in whole and not in
part, and any Global Security exchanged pursuant 

  

 15 

 to clause (ii) 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 and shall be deemed a Certificated Security. 
  

	 	(2)	Securities issued in exchange for a Global Security or any portion thereof shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate
principal amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall designate and shall bear the applicable legends provided
for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to any Global Security to be exchanged in part, either such Global Security shall be so surrendered for
exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an
appropriate adjustment made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate and deliver the Security issuable on such exchange to or upon the order of the Depositary or an authorized
representative thereof. 

  

	 	(3)	Subject to the provisions of clause (5) 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. 

  

	 	(4)	In the event of the occurrence of any of the events specified in clause (1) above, the Company will promptly make available to the Trustee a reasonable supply of Certificated
Securities in definitive, fully registered form, without interest coupons. 

  

	 	(5)	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. 

  

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 Section 2.13 CUSIP Numbers. The Company may issue the Securities with one or more
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of 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. 
 ARTICLE III 
 REDEMPTION AND PURCHASES 
 Section 3.1 Company’s Right to Redeem; Notices to Trustee. The Company, at its option, may redeem the Securities in accordance with the provisions of Section 5 of the Securities. If the Company
elects to redeem Securities pursuant to Section 5 of the Securities, it shall notify the Trustee in writing of the Redemption Date, the principal amount of Securities to be redeemed and the Redemption Price. The Company shall give the notice to
the Trustee provided for in Section 3.3 by a Company Order, at least 40 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee). 
 Section 3.2 Selection of Securities to Be Redeemed. If less than all the Securities are to be redeemed, unless the procedures of the
Depositary provide otherwise, the Trustee shall select the Securities to be redeemed by lot, on a pro rata basis or by another 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 35 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 of Securities that have denominations larger than $1,000. Securities and portions of Securities that the Trustee selects shall be in principal amounts of $1,000 or an integral multiple of $1,000.
Provisions of this Indenture that apply to Securities 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 the Securities to be redeemed. 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 3.3 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: 
 (1) the Redemption Date; 
  

 17 

 (2) the Redemption Price; 
 (3) the Conversion Rate; 
 (4) the name and address of the Paying Agent and Conversion Agent; 
 (5) that Securities called for redemption may be converted at any time before the close of business on the date that is two (2) Business Days prior to
the Redemption Date; 
 (6) that Holders who want to convert their Securities must satisfy the requirements set forth in Section 8 of
the Securities; 
 (7) that Securities called for redemption must be surrendered to the Paying Agent at least two (2) Business Days
prior to the Redemption Date to collect the Redemption Price; 
 (8) if fewer than all of the outstanding Securities are to be redeemed, the
certificate numbers, if any, and principal amounts of the particular Securities to be redeemed; 
 (9) that, unless the Company defaults in
making payment of such Redemption Price, interest, if any, on Securities called for redemption will cease to accrue on and after the Redemption Date; and 
 (10) the CUSIP number(s) 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 3.3. 
 Section 3.4 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. 
 Section 3.5 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 not required for that purpose because of conversion of Securities pursuant to Article X. 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. 
  

 18 

 Section 3.6 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 to the unredeemed portion of the Security surrendered. 
 Section 3.7 Purchase of Securities by the Company at Option of the Holder. (a) General. Securities shall be purchased by the
Company pursuant to Section 6 of the Securities at the option of the Holder on December 15, 2011, December 15, 2016 and December 15, 2021 (each, a “Purchase Date”), at the principal amount plus accrued and unpaid
interest, if any, on such Purchase Date (the “Purchase Price”). Purchases of Securities hereunder shall be made, at the option of the Holder thereof, upon: 
  

	 	(1)	delivery to the Paying Agent by the Holder of a written notice of purchase (a “Purchase Notice”) during the period beginning at any time from the opening of business on
the date that is 20 Business Days prior to the relevant Purchase Date until the close of business on the last Business Day prior to such Purchase Date stating: 

  

	 	(A)	the certificate number of the Security which the Holder will deliver to be purchased or the appropriate Depositary procedures if Certificated Securities have not been issued,

  

	 	(B)	the portion of the principal amount 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 Section 6 of the Securities and in this
Indenture; and 

  

	 	(2)	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 3.7 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. 

 The Company shall purchase
from the Holder thereof, pursuant to this Section 3.7, a portion of a Security, only if the principal amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the purchase of all of a
Security also apply to the purchase of such portion of such Security. 
 Any purchase by the Company contemplated pursuant to the provisions
of this Section 3.7 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. 
  

 19 

 Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Purchase
Notice contemplated by this Section 3.7(a) shall have the right to withdraw such Purchase Notice at any time prior to the close of business two Business Days prior to the Purchase Date by delivery of a written notice of withdrawal to the Paying
Agent in accordance with Section 3.9. 
 The Paying Agent shall promptly notify the Company of the receipt by it of any Purchase Notice
or written notice of withdrawal thereof. 
 (b) Purchase with Cash. The Purchase Price of Securities in respect of which a Purchase
Notice pursuant to Section 3.7(a) has been given, or a specified percentage thereof, shall be paid by the Company with U.S. legal tender (“cash”) equal to the aggregate Purchase Price of such Securities. The Company Notice, as
provided in Section 3.7(c), shall be sent to Holders not less than 20 Business Days prior to such Purchase Date (the “Company Notice Date”). 
 (c) Company Notice. In connection with any purchase of Securities pursuant to Section 6 of the Securities, the Company shall give notice to Holders setting forth information specified in this
Section 3.7(c) (the “Company Notice”). 
 Each Company Notice shall include a form of Purchase Notice to be completed by a
Holder and shall state: 
 (i) the Purchase Price and the Conversion Rate; 
 (ii) the name and address of the Paying Agent and the Conversion Agent; 
 (iii) that Securities as to which a Purchase Notice has been given may be converted if they are otherwise convertible only in accordance
with Article X hereof and Section 8 of the Securities if the applicable Purchase Notice has been withdrawn in accordance with the terms of this Indenture; 
 (iv) that Securities must be surrendered to the Paying Agent to collect payment; 
 (v) that the 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 the Purchase Date and the time of surrender of such Security as described in (iv); 
 (vi) the
procedures the Holder must follow to exercise its put rights under this Section 3.7 and a brief description of those rights; 
 (vii) briefly, the conversion rights of the Securities; 
 (viii) the procedures for withdrawing a Purchase Notice
(including, without limitation, for a conditional withdrawal pursuant to the terms of Section 3.7(a)(1)(D) or Section 3.9); 
  

 20 

 (ix) that, unless the Company defaults in making payment on Securities for which a
Purchase Notice has been submitted, interest, if any, on such Securities will cease to accrue on the Purchase Date; and 
 (x)
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 and provided to the Trustee at least 3 Business Days in advance of the Company Notice Date. 
 (d) Procedure upon Purchase. The Company shall deposit cash at the time and in the manner as provided in Section 3.10, sufficient to pay the
aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.7. As soon as practicable after the later of the Purchase Date and the time of surrender of the Security, the Company shall deliver to each Holder entitled to
receive shares, if any, of Common Stock through the Paying Agent, a certificate for the number of full shares, if any, of Common Stock issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name
the certificate for the shares of Common Stock is registered shall be treated as a holder of record of Common Stock on the Business Day following the date of delivery of such certificate as described in the previous sentence. No payment or
adjustment will be made for dividends on the shares of Common Stock the record date for which occurred on or prior to the Purchase Date. 
 (e) Taxes. If a Holder of a purchased Security is paid in shares of Common Stock, the Company shall pay any documentary, stamp or similar issue or transfer tax due on such issue of Common Stock. However, the Holder shall pay any such
tax which is due because the Holder requests the Common Stock to be issued in a name other than the Holder’s name. The Paying Agent may refuse to deliver the certificates representing the shares of Common Stock being issued in a name other than
the Holder’s name until the Paying Agent receives a sum sufficient to pay any tax which will be due because the shares of Common Stock are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any income tax
withholding required by law or regulations. 
 Section 3.8 Purchase of Securities at Option of the Holder upon a Fundamental
Change. (a) If a Fundamental Change occurs, the Securities not previously purchased by the Company shall be purchased by the Company, at the option of the Holder thereof, at a purchase price specified in Section 6 of the Securities
(the “Fundamental Change Purchase Price”), as of the date that is 45 days after the date of the notice of Fundamental Change delivered by the Company (the “Fundamental Change Purchase Date”), subject to satisfaction by or on
behalf of the Holder of the requirements set forth in Section 3.8(c). 
 If there shall have occurred a Fundamental Change pursuant to
clause (i) or (ii) of the definition thereof set forth in this Section 3.8(a), that occurs on or prior to December 20, 2011 pursuant to which 10% or more of the consideration for the Common Stock (other than cash payments for
fractional shares and cash payments made in respect of dissenters’ appraisal rights) in such Fundamental Change transaction consists of cash or Securities (or other property) that are not traded or scheduled to be traded immediately following
such transaction on a U.S. national 
  

 21 

 securities exchange or the NASDAQ Global Select Market, the Company will pay on the Fundamental Change Purchase Date a
Make-Whole Premium to the Holders of the Securities in addition to the Fundamental Change Purchase Price. The Make-Whole Premium will also be paid on the Fundamental Change Purchase Date to the Holders of the Securities who convert their Securities
on or after the date on which the Company has given a notice to all Holders of Securities in accordance with Section 3.8(b) hereof and on or before the Fundamental Change Purchase Date. 
 The “Make-Whole Premium” will be determined by reference to the table below and is based on the date on which the Fundamental Change becomes
effective (the “Effective Date”) and the price (the “Stock Price”) paid per share of Common Stock in the transaction constituting the Fundamental Change. If the holders of Common Stock receive only cash in the transaction, the
Stock Price shall be the cash amount paid per share of Common Stock. Otherwise, the Stock Price shall be equal to the average Closing Price per share of Common Stock over the five Trading Day period ending on the Trading Day immediately preceding
the Effective Date. 
 The following table shows what the Make-Whole Premium would be for each hypothetical Stock Price and Effective Date
set forth below, expressed as the number of additional shares to be issuable per $1,000 of the principal amount of the Securities. 
 Make-Whole Premium Upon a Fundamental Change (% of Face Value) 
 [INSERT TABLE] 
 The Make-Whole Premiums set forth above are based upon a Stock Price of $[•] at the time of the initial offer of the Securities on December
[•], 2006 and an initial conversion price of $[•]. 
 The actual Stock Price and Effective Date may not be set forth on the table,
in which case: 
 (i) If the actual Stock Price on the Effective Date is between two Stock Prices on the table or the actual
Effective Date is between two Effective Dates on the table, the Make-Whole Premium will be determined by a straight-line interpolation between the Make-Whole Premiums set forth for the two Stock Prices and the two Effective Dates on the table based
on a 365-day year, as applicable; 
 (ii) If the Stock Price on the Effective Date exceeds $120.00 per share (subject to
adjustment described below), no Make-Whole Premium will be paid; and 
 (iii) If the Stock Price on the Effective Date is less
than or equal to $[•] per share (subject to adjustment described below), no Make-Whole Premium will be paid. 
 Notwithstanding the
foregoing, in no event will the Conversion Rate exceed [•] per $1,000 principal amount of the Securities, subject to adjustments in the same manner as set forth in Article X. 
  

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 The Stock Prices set forth in the first column of the table above will be adjusted as of any date on
which the Conversion Rate is adjusted. The adjusted Stock Prices will equal the Stock Prices applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment
giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate so adjusted. 
 The Company shall pay the
Fundamental Change Purchase Price and/or Make-Whole Premium in cash or, in the case of the Make-Whole Premium, the same form of consideration used to pay for the shares of Common Stock in connection with the transaction constituting the Fundamental
Change. 
 If the Company pays the Make-Whole Premium in the same form of consideration used to pay for the shares of Common Stock in
connection with the transaction constituting the Fundamental Change, the value of the consideration to be delivered in respect of the Make-Whole Premium will be calculated as follows: 
 (i) securities that are traded on a United States national securities exchange or approved for quotation on the NASDAQ Global Select
Market or any similar system of automated dissemination of quotations of securities prices will be valued based on the average Closing Price, over the ten Trading Day period ending on the Trading Day immediately preceding the Fundamental Change
Purchase Date; 
 (ii) other securities, assets or property (other than cash) will be valued based on 98% of the average of
the fair market value of such securities, assets or property (other than cash) as determined by two independent nationally recognized investment banks selected by the trustee; and 
 (iii) 100% of any cash. 
 Whenever in this Indenture or Schedule A annexed hereto there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Fundamental Change Purchase Price in
respect to such Security to the extent that such Fundamental Change Purchase Price is, was or would be so payable at such time, plus any applicable Make-Whole Premium, and express mention of the Fundamental Change Purchase Price in any provision of
this Indenture shall not be construed as excluding the Fundamental Change Purchase Price in those provisions of this Indenture when such express mention is not made. 
 A “Fundamental Change” shall be deemed to have occurred at such time after the Securities are originally issued as any of the following events shall occur: 
 (i) any person acquires beneficial ownership, directly or indirectly, through a purchase, merger or other acquisition transaction or
series of transactions, of shares of the Company’s Capital Stock entitling the person to exercise 50% or more of the total voting power of all shares of the Company’s Capital Stock that are entitled to vote generally in elections of
directors, other than an acquisition by the Company, any of its Subsidiaries or any of its employee benefit plans; or 
  

 23 

 (ii) the Company merges or consolidates with or into any other person, any merger of
another person into the Company, or the Company conveys, sells, transfers or leases all or substantially all of its assets to another person, other than any transaction: 
  

	 	(A)	that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of the Company’s Capital Stock, or 

  

	 	(B)	pursuant to which the holders of Common Stock immediately prior to the transaction have the entitlement to exercise, directly or indirectly, 50% or more of the total voting power of
all shares of Capital Stock entitled to vote generally in the election of directors of the continuing or surviving corporation immediately after the transaction, or 

  

	 	(C)	which is effected solely to change the Company’s jurisdiction of incorporation and results in a reclassification, conversion or exchange of outstanding shares of the Common
Stock solely into shares of common stock of the surviving entity; or 

 (iii) any time the Company’s
Continuing Directors do not constitute a majority of the Board of Directors of the Company (or, if applicable, a successor corporation to the Company); or 
 (iv) a Termination of Trading. 
 A “Termination of Trading” will be deemed to have occurred if the Common Stock
(or other common stock into which the Securities are then convertible) is neither listed for trading on a U.S. national securities exchange nor approved for trading on the NASDAQ Stock Global Select Market. 
 Notwithstanding the foregoing provisions of this Section 3.8, a Fundamental Change shall not be deemed to have occurred if 90% or more of the consideration in a
merger or consolidation otherwise constituting a Fundamental Change under clause (i) and/or clause (ii) above consists of shares of common stock traded on a national securities exchange or quoted on The NASDAQ Global Select Market (or will
be so traded or quoted immediately following the merger or consolidation) and as a result of the merger or consolidation the Securities become convertible into such common stock. For purposes of this Section 3.8, (x) whether a person is a
“beneficial owner” shall be determined in accordance with Rule 13d-3 under the Exchange Act and (y) “person” includes any syndicate or group that would be deemed to be a “person” under Section 13(d)(3) of the
Exchange Act. 
 (b) No later than 30 days after the occurrence of a Fundamental Change, the Company shall mail a written notice of the
Fundamental Change by first-class mail to the Trustee and to each Holder. The notice shall include a form of written notice of purchase (the “Fundamental Change Purchase Notice”) to be completed by the Holder and shall state: 

 

	 	(1)	briefly, the events causing a Fundamental Change and the date of such Fundamental Change; 

  

 24 

	 	(2)	the date by which the Fundamental Change Purchase Notice pursuant to this Section 3.8 must be given; 

  

	 	(3)	the Fundamental Change Purchase Date; 

  

	 	(4)	the Fundamental Change Purchase Price; 

  

	 	(5)	the name and address of the Paying Agent and the Conversion Agent; 

  

	 	(6)	the Conversion Rate and any adjustments thereto; 

  

	 	(7)	that the Securities as to which a Fundamental Change Purchase Notice has been given may be converted if they are otherwise convertible pursuant to Article X hereof only if the
Fundamental Change Purchase Notice has been withdrawn in accordance with the terms of this Indenture; 

  

	 	(8)	that the Securities must be surrendered to the Paying Agent to collect payment; 

  

	 	(9)	that the Fundamental Change Purchase Price for any Security as to which a Fundamental Change Purchase Notice has been duly given and not withdrawn will be paid promptly following
the later of the Fundamental Change Purchase Date and the time of surrender of such Security as described in (8); 

  

	 	(10)	briefly, the procedures the Holder must follow to exercise rights under this Section 3.8; 

  

	 	(11)	briefly, the conversion rights, if any, of the Securities; 

  

	 	(12)	the procedures for withdrawing a Fundamental Change Purchase Notice; 

  

	 	(13)	that, unless the Company defaults in making payment of such Fundamental Change Purchase Price, interest, if any, on Securities surrendered for purchase by the Company will cease to
accrue on and after the Fundamental Change Purchase Date; and 

  

	 	(14)	the CUSIP number(s) of the Securities. 

 (c) A Holder may
exercise its rights specified in Section 3.8(a) upon delivery of an Fundamental Change Purchase Notice to the Paying Agent at any time on or prior to the 30th day after the date the Company delivers its written Fundamental Change notice,
stating: 
  

	 	(1)	the certificate number of the Security which the Holder will deliver to be purchased; 

  

	 	(2)	the portion of the principal amount of the Security which the Holder will deliver to be purchased, which portion, if not the entire amount of the Security, must be $1,000 or an
integral multiple thereof; and 

  

 25 

	 	(3)	that such Security shall be purchased pursuant to the terms and conditions specified in Section 6 of the Securities. 

 The delivery of such Security to the Paying Agent with the Fundamental Change Purchase Notice (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 3.8 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 3.8, a portion of a Security only if the principal amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of
this Indenture that apply to the purchase of all of a Security also apply to the purchase of such portion of such Security. 
 Any purchase
by the Company contemplated pursuant to the provisions of this Section 3.8 shall be consummated by the delivery of the consideration to be received by the Holder on the Fundamental Change Purchase Date. 
 The Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Purchase Notice. 
 Section 3.9 Effect of Purchase Notice or Fundamental Change Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice or the
Fundamental Change Purchase Notice specified in Section 3.7(a) or Section 3.8(c), as applicable, 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, as the case may be, is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price or the 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, as soon as practicable 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 3.7(a) or Section 3.8(c), 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 3.7(a) or Section 3.8(c), as applicable. Securities in respect of which a Purchase Notice or Fundamental Change Purchase Notice
has been given by the Holder thereof may not be converted pursuant to Article X hereof on or after the date of the delivery of such Purchase Notice or Fundamental Change Purchase Notice unless such Purchase Notice or Fundamental Change Purchase
Notice has first been validly withdrawn as specified in the following two paragraphs. 
 A Purchase Notice or Fundamental Change Purchase
Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Purchase Notice at any time prior to the close of business two Business Days prior to the Purchase Date specifying:

  

	 	(1)	the certificate number, if any, of the Security in respect of which such notice of withdrawal is being submitted, 

  

 26 

	 	(2)	the principal amount of the Security with respect to which such notice of withdrawal is being submitted, and 

  

	 	(3)	the principal amount, if any, of such Security which remains subject to the original Purchase Notice or Fundamental Change Purchase Notice, as the case may be, and which has been or
will be delivered for purchase by the Company. 

 A written notice of withdrawal of a Purchase Notice may be in the form set
forth in the preceding paragraph or may be in the form of (i) a conditional withdrawal contained in a Purchase Notice pursuant to the terms of Section 3.7(a)(1)(D) or (ii) a conditional withdrawal containing the information set forth
in Section 3.7(a)(1)(D) and the preceding paragraph and contained in a written notice of withdrawal delivered to the Paying Agent as set forth in the preceding paragraph. 
 There shall be no purchase of any Securities pursuant to Section 3.7 or 3.8 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 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 3.10 Deposit of Purchase Price or Fundamental Change Purchase Price. Prior to 10:00 a.m. (local time in the City of New York) on 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 2.4) an amount of cash (in immediately available funds if deposited on such Business Day) or Common Stock, if permitted hereunder, 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 3.11 Securities Purchased in Part. Any Certificated 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 equal to, and in exchange for, the portion of the principal amount of the Security so surrendered which is not purchased. 
  

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 Section 3.12 Covenant to Comply With Securities Laws Upon Purchase of Securities. When
complying with the provisions of Section 3.7 or 3.8 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 and Rule 14e-1 (or any successor provision) under the Exchange Act, (ii) file the related Schedule TO (or any successor schedule,
form or report) under the Exchange Act, and (iii) otherwise comply with all Federal and state securities laws so as to permit the rights and obligations under Sections 3.7 and 3.8 to be exercised in the time and in the manner specified in
Sections 3.7 and 3.8. 
 Section 3.13 Repayment to the Company. The Trustee and the Paying Agent shall return to the Company any
cash that remains unclaimed as provided in Section 12 of the Securities, together with interest or dividends, if any, thereon (subject to the provisions of Section 7.1(f)), 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 3.10 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, unless otherwise agreed in writing with the Company, 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 or dividends, if any, thereon (subject to the provisions of
Section 7.1(f)). 
 ARTICLE IV 
 COVENANTS 
 Section 4.1 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 of cash or shares, if any, of Common Stock 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, Redemption Price, Purchase Price, Fundamental Change Purchase Price and 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,
cash or securities, if permitted hereunder, sufficient to pay all such amounts then due. 
 Section 4.2 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 
  

 28 

 prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act.
In the event the Company is at any time no longer subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, it shall continue to provide the Trustee with reports containing substantially the same information as would
have been required to be filed with the SEC had the Company continued to have been subject to such reporting requirements. In such event, such reports shall be provided 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 conclusively on Officers’ Certificates). 
 Section 4.3 Compliance Certificate. The
Company shall deliver to the Trustee within 105 days after the end of each fiscal year of the Company (beginning with the fiscal year ending on January 31, 2007) 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 4.4
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 4.5 Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, the City of New
York, an office or agency of the Trustee, Registrar, Paying Agent and Conversion Agent where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer, exchange, purchase, redemption or
conversion and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The office of U.S. Bank National Association, 100 Wall Street, 16th Floor, New York, New York 10005 (Attention: [•]), 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 11.2. 
 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. 
  

 29 

 Section 4.6 Delivery of Certain Information. At any time when the Company is not subject to
Section 13 or 15(d) of the Exchange Act, upon the request of a Holder or any beneficial owner of Securities or holder or beneficial owner of shares of Common Stock issued upon conversion thereof, or in accordance with Section 3.8(c), the
Company will promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such Holder or any beneficial owner of Securities or holder or beneficial owner of shares of Common Stock, or to a prospective purchaser of any such
security designated by any such holder, as the case may be, to the extent required to permit compliance by such Holder or holder with Rule 144A under the Securities Act in connection with the resale of any such security. “Rule 144A
Information” shall be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act. Whether a person is a beneficial owner shall be determined by the Company to the Company’s reasonable satisfaction. 
 Section 4.7 Calculation of Original Issue Discount. The Company and each Holder will be deemed to have agreed (i) that for United States
federal income tax purposes the Securities will be treated as indebtedness subject to the Treasury regulations governing contingent payment debt instruments, (ii) that the Holders will report original issue discount and interest on the
Securities in accordance with the Company’s determination of both the “comparable yield” and the “projected payment schedule” and (iii) to be bound by the Company’s application of the Treasury regulations that
govern contingent payment debt instruments. For this purpose, the “comparable yield” for the Securities is 8.85% compounded semi-annually and the “projected payment schedule” is attached as Schedule A hereto. The Company shall
file with the Trustee no later than the end of each calendar year or at any other time as the Trustee may request (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 V 
 SUCCESSOR CORPORATION 

Section 5.1 When Company May Merge or Transfer Assets. The Company shall not, in a single transaction or a series of related transactions,
consolidate with or merge with or into any other person or convey, transfer, sell or lease its properties and assets substantially as an entirety to any person, or permit any person to consolidate with or merge into the Company, 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 a corporation, limited liability company, partnership or trust
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 reasonably
satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; 
  

 30 

 (b) immediately after giving effect to such transaction, no Event of Default, and no event that, after
notice or lapse of time or both, would become an Event of 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, sale or lease and, if a supplemental indenture is required in connection with such transaction,
such supplemental indenture, comply with this Article V and that all conditions precedent herein provided for relating to such transaction have been satisfied. 
 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. 
 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 10.14, the Company shall be discharged from all obligations and covenants under this Indenture and the Securities. Subject to Section 9.6, 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 VI 
 DEFAULTS AND REMEDIES 

Section 6.1 Events of Default. An “Event of Default” occurs if: 
 (1) the Company defaults in the payment of the principal amount plus accrued and unpaid interest 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; 
 (2) the Company defaults in the
payment of any interest (including contingent interest if then payable) when due and payable, and continuance of such default for a period of 30 days; 
 (3) the Company fails to deliver the cash and shares, if any, of Common Stock upon an appropriate election by Holders to convert the Securities into shares of Common Stock, and continuance of such default for a period
of 10 days; 
 (4) the Company fails to comply in any material respect with any of its agreements or covenants in the Securities or this
Indenture (other than those referred to in clause (1), (2) or (3) above) and such failure continues for [60] days after receipt by the Company of a Notice of Default; 
  

 31 

 (5) the Company fails to provide timely notice of any Fundamental Change in accordance with
Section 3.8(b); 
 (6) a default under any credit agreement, mortgage, indenture or instrument under which there may be issued or by
which there may be secured or evidenced any indebtedness for money borrowed by the Company or any Material Subsidiary of the Company (or the payment of which is guaranteed by the Company or any of its Material Subsidiaries), whether such
indebtedness or guarantee exists on the date of this Indenture or is created thereafter, which default (i) is caused by a failure to pay when due any principal of such indebtedness within the grace period provided for in such indebtedness
(which failure continues beyond any applicable grace period) (a “Payment Default”) or (ii) results in the acceleration of such indebtedness prior to its express maturity (without such acceleration being rescinded or annulled) and, in
each case, the principal amount of such indebtedness, together with the principal amount of any other such indebtedness under which there is a Payment Default or the maturity of which has been so accelerated, aggregates $30,000,000 or more and such
Payment Default is not cured or such acceleration is not annulled within 30 days after receipt by the Company of a Notice of Default; or 
 (7) a final, non-appealable judgment or final, non-appealable judgments (other than any judgment as to which a reputable insurance company has accepted full liability) for the payment of money are entered by a court or courts of competent
jurisdiction against the Company or any Material Subsidiaries of the Company and remain unstayed, unbonded or undischarged for a period (during which execution shall not be effectively stayed) of 60 days, provided that the aggregate amount of all
such judgments exceeds $30,000,000; or 
 (8) the entry by a court having jurisdiction in the premises of (A) a decree or order for
relief in respect of the Company in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company as bankrupt or insolvent, or
approving as properly filed a petition by one or more persons other than the Company seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state law, or appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official for the Company or for any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order
for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; or 
 (9) the commencement by the
Company or any Material Subsidiary of the Company of a case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated bankrupt or insolvent,
or the consent by it to the entry of a decree or order for relief in respect of the Company or any Material Subsidiary of the Company in a case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other
similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal or state law, or the consent by it
to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or any Material Subsidiary of the Company or of any substantial
part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company or by any
Material Subsidiary of the Company in furtherance of any such action. 
  

 32 

 A Default under clause (4) and (6) above is not an Event of Default until the Trustee notifies
the Company, or the Holders of at least 25% in aggregate principal amount 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) 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 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 mature into a Event of Default under clause (4), (5), (6), (7) or (8) above, its status and what action the Company is taking or proposes to take with respect thereto. 
 Section 6.2 Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.1(8) or (9)) occurs and is
continuing, the Trustee by notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Securities at the time outstanding by notice to the Company and the Trustee, may declare the principal amount plus accrued and
unpaid interest, if any, on all the Securities to be immediately due and payable. Upon such a declaration, such accelerated amount shall be due and payable immediately. If an Event of Default specified in Section 6.1(8) or (9) occurs and
is continuing, the principal amount plus accrued and unpaid interest, if any, 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 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 principal amount plus accrued and unpaid interest, if any, that have become due solely as a result of acceleration and if all
amounts due to the Trustee under Section 7.7 have been paid. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 
 Section 6.3 Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of the principal amount plus accrued and unpaid interest, if
any, 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 does not produce any of the Securities in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of, or acquiescence in, the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 Section 6.4 Waiver of Past Defaults. The Holders of a majority in aggregate principal amount of the Securities at the time outstanding, by
notice to the Trustee (and without notice to 
  

 33 

 any other Securityholder), may waive an existing Default and its consequences except (a) an Event of Default
described in Section 6.1(1), (2), or (3) or (b) a Default in respect of a provision that under Section 9.2 cannot be amended without the consent of each Securityholder affected. 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 6.4 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 6.5 Control by Majority. The Holders of a majority in aggregate principal amount
of the Securities at the time outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to
follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith is unduly prejudicial to the rights of other Securityholders or would involve the Trustee’s personal liability unless the Trustee is
offered indemnity satisfactory to it. This Section 6.5 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 6.6 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 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 security or indemnity reasonably 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 
 (5) the Holders of a majority in aggregate principal amount of the Securities at the time outstanding do not
give the Trustee a direction inconsistent with the request during such 60-day period. 
 A Securityholder may not use this Indenture to
prejudice the rights of any other Securityholder or to obtain a preference or priority over any other Securityholder. 
 Section 6.7
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 of the Securities plus accrued and unpaid 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 X, or to bring suit for the enforcement of any such payment on or after such
respective dates or the right to convert, shall not be impaired or affected adversely without the consent of such Holder. 
  

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 Section 6.8 Collection Suit by Trustee. If an Event of Default described in
Section 6.1(1) 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 7.7. 
 Section 6.9 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 of the Securities plus accrued and unpaid 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 of the Securities plus accrued and unpaid 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 7.7) 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 to 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 7.7. 
 Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10 Priorities. If the
Trustee collects any money pursuant to this Article VI, it shall pay out the money in the following order: 
 FIRST: to the
Trustee for amounts due under Section 7.7; 
 SECOND: to Securityholders for amounts due and unpaid on the Securities for
the principal amount of the Securities plus accrued and unpaid interest, 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. 
  

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 The Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this
Section 6.10. At least 15 days before such record date, the Trustee shall mail to each Securityholder and the Company a notice that states the record date, the payment date and the amount to be paid. 
 Section 6.11 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the
Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant (other than the Trustee) in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may
assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does
not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in aggregate principal amount of the Securities at the time outstanding. This Section 6.11 shall be in lieu of
Section 315(e) of the TIA and such Section 315(e) is hereby expressly excluded from this Indenture, as permitted by the TIA. 
 Section 6.12 Waiver of Stay, Extension or Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or
advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal amount of the Securities plus
accrued and unpaid interest 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) 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 VII 
 TRUSTEE

 Section 7.1 Duties of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 
  

	 	(b)	Except during the continuance of an Event of Default: 

  

	 	(1)	the Trustee need perform only those duties that are specifically set forth in this Indenture and no duties shall be inferred or implied; and 

  

	 	(2)	in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture, but in case of any such certificates or opinions 

  

 36 

	 	    	which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture, but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein. This Section 7.1(b) shall be in lieu of Section 315(a) of the TIA and such
Section 315(a) is hereby expressly excluded from this Indenture, as permitted by the TIA. 

 (c) The Trustee may not be
relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
  

	 	(1)	this paragraph (c) does not limit the effect of paragraph (b) of this Section 7.1; 

  

	 	(2)	the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts; and 

  

	 	(3)	the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5.

 Subparagraphs (c)(1), (2) and (3) shall be in lieu of Sections 315(d)(1), 315(d)(2) and 315(d)(3) of the TIA and such Sections
315(d)(1), 315(d)(2) and 315(d)(3) are hereby expressly excluded from this Indenture, as permitted by the TIA. 
 (d) Every provision of this
Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), (c) and (e) of this Section 7.1. 
 (e)
The Trustee may refuse to perform any duty or exercise any right or power or extend or risk its own funds or otherwise incur any financial liability unless it receives indemnity satisfactory to it against any loss, liability or expense. 

(f) Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee (acting in
any capacity hereunder) shall be under no liability for interest on any money received by it hereunder unless otherwise agreed in writing with the Company. 
 Section 7.2 Rights of Trustee. Subject to its duties and responsibilities under the TIA (as modified by Section 7.1), 
 (a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order,
bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate; 
  

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 (c) 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 and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 
 (d) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith which it believes to be authorized or
within its rights or powers conferred under this Indenture; 
 (e) the Trustee may consult with counsel selected by it and any advice or
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 
 (f) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of
any of the Holders, pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby;

 (g) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any
resolution of the Board of Directors may be sufficiently evidenced by a board resolution; 
 (h) the Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but
the Trustee, in its reasonable discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company during business hours and without material interruption to operations of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or
additional liability of any kind by reason of such inquiry or investigation; 
 (i) the Trustee shall not be deemed to have notice of any
Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and
such notice references the Securities and this Indenture; 
 (j) the rights, privileges, protections, immunities and benefits given to the
Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other person employed to act hereunder; and

  

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 (k) the Trustee may request that the Company deliver an Officers’ Certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded. 
 Section 7.3 Individual Rights
of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent,
Registrar, Conversion Agent or co-registrar may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 
 Section 7.4 Trustee’s Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use or application of the proceeds
from the Securities, it shall not be responsible for any statement in the registration statement for the Securities under the Securities Act or in any offering document for the Securities, the Indenture or the Securities (other than its certificate
of authentication), or the determination as to which beneficial owners are entitled to receive any notices hereunder. 
 Section 7.5
Notice of Defaults. If a Default occurs and if it is known to the Trustee, the Trustee shall give to each Holder notice of the Default within 60 days after it occurs or, if later, within 15 days after it is known to the Trustee, unless such
Default shall have been cured or waived before the giving of such notice. Notwithstanding the preceding sentence, except in the case of a Default described in Section 6.1(1) or (2), the Trustee may withhold the notice if and so long as a
committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders. The second sentence of this Section 7.5 shall be in lieu of the proviso to Section 315(b) of the TIA and
such proviso is hereby expressly excluded from this Indenture, as permitted by the TIA. The Trustee shall not be deemed to have knowledge of a Default unless a Responsible Officer of the Trustee has received written notice of such Default.

 Section 7.6 Reports by Trustee to Holders. Within 60 days after each May 15 beginning with the May 15 following the
date of this Indenture, the Trustee shall mail to each Securityholder a brief report dated as of such May 15 that complies with TIA Section 313(a), if required by such Section 313(a). The Trustee also shall comply with TIA
Section 313(b). 
 A copy of each report at the time of its mailing to Securityholders shall be filed with the SEC and each securities
exchange, if any, on which the Securities are listed. The Company agrees to notify the Trustee promptly whenever the Securities become listed on any securities exchange and of any delisting thereof. 
 Section 7.7 Compensation and Indemnity. The Company agrees: 
 (a) to pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in writing for all services rendered by it hereunder (which compensation shall not be limited
(to the extent permitted by law) by any provision of law in regard to the compensation of a trustee of an express trust); 
  

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 (b) to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses, advances and disbursements of its agents and counsel), except any such expense, disbursement or advance as
may be caused by its negligence or bad faith; and 
 (c) to indemnify the Trustee or any predecessor Trustee and their agents for, and to
hold them harmless against, any loss, damage, claim, liability, cost or expense (including attorney’s fees and expenses, and taxes (other than taxes based upon, measured by or determined by the income of the Trustee)) incurred without
negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim (whether asserted by the Company or any Holder or any
other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 To secure the
Company’s payment obligations in this Section 7.7, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee, except that held in trust to pay the principal amount, plus accrued and
unpaid interest on particular Securities. 
 The Company’s payment obligations pursuant to this Section 7.7 shall survive the
discharge of this Indenture and the resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.1(5) or (6), the expenses including the reasonable charges and expenses of its
counsel, are intended to constitute expenses of administration under any Bankruptcy Law. 
 Section 7.8 Replacement of Trustee.
The Trustee may resign by so notifying the Company; provided, however, no such resignation shall be effective until a successor Trustee has accepted its appointment pursuant to this Section 7.8. The Holders of a majority in aggregate principal
amount of the Securities at the time outstanding may remove the Trustee by so notifying the Trustee and the Company. The Company shall remove the Trustee if: 
  

	 	(1)	the Trustee fails to comply with Section 7.10; 

  

	 	(2)	the Trustee is adjudged bankrupt or insolvent; 

  

	 	(3)	a receiver or public officer takes charge of the Trustee or its property; or 

  

	 	(4)	the Trustee otherwise becomes incapable of acting. 

 If
the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint, by resolution of its Board of Directors, a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company satisfactory in form and substance
to the retiring Trustee and the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this 
  

 40 

 Indenture. The successor Trustee shall mail a notice of its succession to Securityholders. The retiring Trustee shall
promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.7. 
 If a
successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in aggregate principal amount of the Securities at the time outstanding may
petition any court of competent jurisdiction at the expense of the Company for the appointment of a successor Trustee. 
 If the Trustee
fails to comply with Section 7.10, any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Section 7.9 Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its
corporate trust business or assets to, another corporation, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
 Section 7.10 Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of TIA Sections 310(a)(1) and 310(b). The Trustee (or its parent holding company) shall have a combined
capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. Nothing herein contained shall prevent the Trustee from filing with the Commission the application referred to in the penultimate
paragraph of TIA Section 310(b). 
 Section 7.11 Preferential Collection of Claims Against Company. The Trustee shall comply
with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 
 ARTICLE VIII 
 DISCHARGE OF INDENTURE

 Section 8.1 Discharge of Liability on Securities. When (i) the Company delivers to the Trustee all outstanding Securities
(other than Securities replaced or repaid pursuant to Section 2.7) for cancellation or (ii) all outstanding Securities have become due and payable and the Company deposits with the Trustee cash (and/or, as permitted by this Indenture,
shares of Common Stock) sufficient to pay all amounts due and owing on all outstanding Securities (other than Securities replaced pursuant to Section 2.7), and if in either case the Company pays all other sums payable hereunder by the Company,
then this Indenture shall, subject to Section 7.7, 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. 
  

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 Section 8.2 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 IX 
 AMENDMENTS 
 Section 9.1 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 that such modification or amendment does not materially and adversely affect the interests of the holders of the Securities; 
 (2) to make any changes that the Company and the Trustee may deem necessary or desirable, provided such amendment or modification does not materially and
adversely affect the interests of the holders of the Securities; 
 (3) to comply with Article V or Section 10.14; 
 (4) to secure the Company’s obligations or add any guarantee under the Securities and this Indenture; 
 (5) to add Events of Default with respect to the Securities; 
 (6) to add to the Company’s covenants for the benefit of the Securityholders or to surrender any right or power conferred upon the Company; 
 (7) to make any change necessary for the registration of the Securities under the Securities Act or 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, provided that such modification or amendment does not materially and adversely affect the interests of the holders of the Securities; or

 (8) to provide for uncertificated Securities in addition to or in place of certificated Securities or to provide for bearer Securities.

 Section 9.2 With Consent of Holders. With the written consent of the Holders of at least a majority in aggregate principal
amount 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) reduce the interest rate or the rate of accrual of contingent interest referred to in paragraph 1 of the Securities or change the time
for payment of interest thereon; 
  

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 (2) reduce the principal amount of or extend the Stated Maturity of any Security; 
 (3) reduce the calculation of the value of the Securities to which reference is made in determining whether contingent interest will be paid on the
Securities, or change the method by which this value is calculated; 
 (4) reduce the Redemption Price, Purchase Price or Fundamental Change
Purchase Price of any Security or change the time at which the Securities may or must be redeemed or repurchased; 
 (5) make any payments on
the Securities payable in currency other than as stated in the Security; 
 (6) make any change in the percentage of the principal amount of
Securities necessary to waive compliance with the provisions of Section 6.4, Section 6.7 or this Section 9.2, except to increase any percentage set forth therein; 
 (7) make any change that adversely affects the right to convert any Security in accordance with the terms thereof and this Indenture; 
 (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; 
 (9) impair a Holder’s right to institute suit for the enforcement of any payment on the Securities; 
 (10) waive a continuing Default or Event of Default regarding any payment on the Securities; or 
 (11) make any change that adversely effects the Holders’ rights under Section 3.7, Section 3.8 or Article X. 
 It shall not be necessary for the consent of the Holders under this Section 9.2 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 9.2 becomes effective, the
Company shall mail to each Holder a notice briefly describing the amendment. 
 Section 9.3 Compliance with Trust Indenture Act.
Every supplemental indenture executed pursuant to this Article shall comply with the TIA. 
 Section 9.4 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 
  

 43 

 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 9.5 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 9.6 Trustee to Sign Supplemental Indentures. The Trustee shall sign any supplemental indenture authorized pursuant to this Article IX
if the amendment contained therein does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not, sign such supplemental indenture. In signing such supplemental indenture the
Trustee shall receive, and (subject to the provisions of Section 7.1) 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.

 Section 9.7 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 X 
 CONVERSIONS

 Section 10.1 Conversion Privilege and Consideration. (a) A Holder of a Security may convert such Security into cash and
shares, if any, of Common Stock at any time during the period stated in Section 8 of the Securities. The cash and number of shares, if any, of Common Stock issuable upon conversion of a Security per $1,000 of principal amount thereof (the
“Conversion Rate”) shall be that set forth in Section 8 of the Securities, subject to adjustment as herein set forth. The Company shall publish the information on the Company’s web site or through such other public medium as the
Company may use at that time and notify the Trustee (which shall in turn notify the Holders promptly upon receipt of such notification from the Company) of the date on which the Securities first become convertible and the date on which the
Securities first cease to be convertible (and, if the Securities cease to be convertible at any time or from time to time, of the first date thereafter on which the Securities again become convertible or cease to be convertible), which notification
shall set forth the calculations on which such determination was made. 
  

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 A Holder may convert a portion of the principal amount of a Security if the portion converted is in a
$1,000 principal amount 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. 
 In the event that the Ex-Dividend Time (as defined below) (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 10.6(1), (2), (3) or (4) applies occurs during the period applicable for calculating “Average Sale Price” pursuant to
the definition in Section 10.7 below, “Average Sale 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 Last Reported Sale Price of the shares of 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 10.7 or 10.8 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 NASDAQ Global Select Market or such other U.S. national or regional exchange or market on which the shares of Common
Stock are then listed or quoted. 
 (b) Subject to Section 10.1(a), a Holder upon conversion will receive, in respect of each $1,000
initial principal amount of Securities, cash in an amount (the “Principal Return”) equal to the lesser of (1) $1,000 or (2) the Conversion Value; and a number of shares of Common Stock (the “Net Share Amount”) equal to
the sum of the Daily Share Amounts for each of the ten consecutive Trading Days in the Applicable Conversion Reference Period; provided, however, that the Company will pay cash in lieu of fractional shares otherwise issuable upon conversion of the
Securities. Settlement will occur on the third Business Day following the final day of the Applicable Conversion Reference Period. 
 The
“Applicable Conversion Reference Period” means: 
 (1) for Securities that are converted after the Company has specified a
Redemption Date, the ten consecutive Trading Days beginning on the third Trading Day following the Redemption Date (in the case of a partial redemption, this clause applies only to those Securities which would be actually redeemed); 
 (2) for Securities that are converted after June 26, 2026, the ten consecutive trading days beginning on the third scheduled trading day following
the Stated Maturity; or 
 (3) in all other cases, the ten consecutive Trading Days beginning on the third Trading Day following the
conversion date of the Holder’s conversion of a Security (the “Conversion Date”). 
 The “Conversion Value” is equal
to (1) the applicable Conversion Rate, multiplied by (2) the average of the Sale Prices of Common Stock on each of the ten consecutive Trading Days in the Applicable Conversion Reference Period. 
  

 45 

 The “Daily Share Amount” for each day in the Applicable Conversion Reference Period is equal to
the greater of: 
 (1) zero; or 
 (2) a number of shares determined by the following formula: 
  

			
	 (Sale Price on that Trading Day x applicable Conversion Rate) - $1,000
 __________________________________________________________________
	 	
	                    10 x Sale Price on that Trading Day	 	

 “Trading Day” means a day during which trading in the Common Stock generally occurs and
a Sale Price for the Common Stock is provided on the NASDAQ Global Select Market or, if the Common Stock is not listed on the NASDAQ Global Select Market, on the principal other United States national or regional securities exchange on which the
Common Stock is then listed or, if the Common Stock is not listed on a United States national or regional securities exchange, on the principal other market on which the Common Stock is then traded. 
 Section 10.2 Conversion Procedure. To convert a Security a Holder must satisfy the requirements in Section 8 of the Securities. The
first Business Day on which the Holder satisfies all those requirements and submits such Holder’s Securities for conversion is the conversion date (the “Conversion Date”). 
 As soon as practicable after the Conversion Date, the Company shall deliver to the Holder, through the Conversion Agent, cash and a certificate for the
number of full shares, if any, of Common Stock issuable upon the conversion or exchange and additional cash in lieu of any fractional share determined pursuant to Section 10.3. The person in whose name the certificate is registered shall be
treated as a shareholder of record as of the close of business on the Conversion Date. Upon conversion of a Security in its entirety, 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 Common Stock except as provided in this
Article X. On conversion of a Security, except as provided below with respect to interest payable on Securities or portions thereof converted after a Regular Record Date, (x) that portion of accrued and unpaid interest on the converted
Securities attributable to the period from the most recent Interest Payment Date through the Conversion Date and (y) that portion of accrued and unpaid contingent interest, if any, shall not be cancelled, extinguished or forfeited, but rather
shall be deemed to be paid in full to the Holder thereof through delivery of cash and shares, if any, of Common Stock (together with the cash payment, if any, in lieu of fractional shares) for the Security being converted pursuant to the provisions
hereof. The Company will not adjust the conversion rate to account for accrued interest, if any. If the Holder converts more than one Security at the same time, the cash payment and the number of shares, if any, of Common Stock issuable upon the
conversion shall be based on the total principal amount of the Securities converted. 
 The Securities or portions thereof surrendered for
conversion during the period from the close of business on any Regular Record Date to the opening of business on the date on which 
  

 46 

 such interest is payable shall (unless such Securities or portions thereof have been called for redemption on a
Redemption Date within such period) be accompanied by payment to the Company or its order, in New York Clearing House funds or other funds acceptable to the Company, of an amount equal to the interest payable on such interest payment date on the
principal amount of the Securities or portions thereof being surrendered for conversion. 
 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 to the unconverted portion of the Security
surrendered. 
 Section 10.3 Fractional Shares. The Company will not issue fractional shares of Common Stock upon conversion of a
Security. Instead, the Company will pay cash based on the current market price for all fractional shares. The current market value of a fractional share shall be determined, to the nearest 1/1,000th of a share, by multiplying the Last Reported Sale
Price on the last trading day immediately prior to the Conversion Date, of a full share by the fractional amount and rounding the product to the nearest whole cent. It is understood that if a Holder elects to have more than one Security converted,
the number of shares of Common Stock shall be based on the aggregate principal amount of Securities to be converted. 
 Section 10.4
Taxes on Conversion. If a Holder submits a Security for conversion, the Company shall pay all stamp and all other duties, if any, which may be imposed by the United States or any political subdivision thereof or taxing authority thereof or
therein with respect to the issuance of shares, if any, of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The
Conversion Agent may refuse to deliver the certificates representing the shares of Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because
the shares are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulations. 
 Section 10.5 Company to Provide Stock. The Company shall, prior to issuance of any Securities under this Article X, and from time to time as may be necessary, reserve out of its authorized but unissued
shares of Common Stock a sufficient number of shares of Common Stock to permit the conversion of the Securities. 
 All shares, if any, of
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. The Company will endeavor promptly to comply with all federal and state securities laws regulating the offer and delivery of shares, if any, of Common Stock upon conversion of Securities, if any, and will list or cause to have quoted such
shares of Common Stock on each national securities exchange or in the over-the-counter market or such other market on which the shares of Common Stock are then listed or quoted. 
  

 47 

 Section 10.6 Adjustment for Change in Capital Stock. If, after the Issue Date of the
Securities, the Company: 
 (1) pays a dividend or makes another distribution to all holders of its Common Stock payable exclusively in shares
of its Common Stock; 
 (2) subdivides the outstanding shares of its Common Stock into a greater number of shares of Common Stock;

 (3) combines the outstanding shares of its Common Stock into a smaller number of shares of Common Stock; or 
 (4) issues by reclassification of its Common Stock any shares of 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 the record date for 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 X with respect to the shares of Common Stock, on terms comparable to those applicable to shares of Common Stock in this Article X. 
 Section 10.7 Adjustment for Rights Issue. Except as provided in Section 10.11, if after the Issue Date of the Securities, the Company distributes any rights or warrants to all or substantially all
holders of shares of its Common Stock entitling them to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, unless the Holders of Securities may participate in the distribution
without conversion on a basis and with the notice that the Company’s Board of Directors determines to be fair and appropriate, 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.

  

 48 

					
	O	  	=	  	the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.7 is being applied.
			
	N	  	=	  	the number of additional shares of Common Stock offered pursuant to the distribution.
			
	P	  	=	  	the offering price per share of the additional shares.
			
	M	  	=	  	the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.6(4) applies or (ii) a distribution to which Section 10.8 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 10.7 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 10.7 applies,
the fair market value (on the record date for the distribution to which this Section 10.7 applies) of the:

 (1) Capital Stock of the Company distributed in respect of each share of Common Stock in such
Section 10.6(4) distribution; and 
 (2) the Company’s debt, securities or assets or certain rights, warrants or options to
purchase securities of the Company distributed in respect of each share of Common Stock in such Section 10.8 distribution. 
 The Board
of Directors of the Company shall determine fair market values for the purposes of this Section 10.7, except as Section 10.8 otherwise provides in the case of a Spin-off. 
 “Average Sale Price” means the average of the Last Reported Sales Prices of the shares of 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 Sale Price is being calculated; 
 (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 Sale 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 Sale 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 which an adjustment is required by the provisions of Sections 10.7, 10.8 or 10.9 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 Sale Price is being calculated (excluding days within such
period, if any, which are not trading days). 
  

 49 

 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, or combination or reclassification to which Section 10.6(1), (2), (3) or (4) applies occurs during the period applicable for calculating “Average
Sale Price” pursuant to the definition in the preceding sentence, “Average Sale Price” shall be calculated for such period in a manner determined by the Board of Directors of the Company to reflect the impact of such dividend,
subdivision, combination or reclassification on the Sales Price of the shares of Common Stock during such period. 
 The adjustment shall
become effective immediately after the record date for the determination of shareholders entitled to receive the rights, warrants or options to which this Section 10.7 applies. If all of the shares of 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 Common Stock issued upon the exercise of such rights, warrants or options. 
 No adjustment shall be made under this Section 10.7 if the application of the formula stated above in this Section 10.7 would result in a value of R’ that is equal to or less than the value of R.

 Section 10.8 Adjustment for Other Distributions. Except as provided in Section 10.10, if, after the Issue Date of the
Securities, the Company distributes to all holders of its shares of Common Stock any of its debt, securities or assets or any rights, warrants or options to purchase securities of the Company (including securities or cash, but excluding
distributions of Capital Stock referred to in Section 10.6 and distributions of rights, warrants or options referred to in Section 10.7 and unless the Holders of Securities may participate in the distribution without conversion, the
Conversion Rate shall be adjusted, subject to the provisions of the last paragraph of this Section 10.8, 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 Sale Price.
			
	F	  	=	  	the fair market value (on the record date for the distribution to which this Section 10.8 applies) of the assets, securities, rights, warrants or options to be distributed in respect of each
share of Common Stock in the distribution to which this Section 10.8 is being applied (including, in the case of cash dividends or other cash distributions giving rise to an adjustment, all such cash distributed concurrently).

  

 50 

 Notwithstanding, in the event the Company distributes only cash, the Conversion Rate will be adjusted by
dividing the Conversion Rate, by a fraction, (1) the numerator of which will be the Last Reported Sale Price per share of Common Stock and (2) the denominator of which will be the Last Reported Sale Price per share of Common Stock plus the
amount of such distribution. 
 In the event the Company distributes shares of Capital Stock of a Subsidiary, the Conversion Rate will be
adjusted, if at all, based on the market value of the Subsidiary stock so distributed relative to the market value of the Common Stock, as discussed below. The Board of Directors of the Company shall determine fair market values for the purposes of
this Section 10.8, except that in respect of a dividend or other distribution of shares of Capital Stock of any class or series, or similar equity interests, of or relating to a Subsidiary or other business unit of the Company (a
“Spin-off”), the fair market value of the securities to be distributed shall equal the average of the daily Last Reported Sales Prices of those securities for the 20 consecutive trading days commencing on and including the 21st day of
trading of those securities after the effectiveness of the Spin-off and the Average Sales Prices shall mean the average of the Last Reported Sales Prices for Common Stock for the same 20 trading days. In the event, however, that an underwritten
initial public offering of the securities in the Spin-off occurs simultaneously with the Spin-off, fair market value of the securities distributed in the Spin-off shall mean the initial public offering price of such securities and the Average Sale
Price, for purposes of this sentence, shall mean the Last Reported Sales Price for Common Stock on the same trading day. 
 The adjustment
shall become effective immediately after the record date for the determination of shareholders entitled to receive the distribution to which this Section 10.8 applies, except that an adjustment related to a Spin-off shall become effective at
the earlier to occur of (i) 10 trading days after the effective date of the Spin-off and (ii) the initial public offering of the securities distributed in the Spin-off. 
 If, upon the date prior to the Ex-Dividend Time with respect to a cash dividend on the shares of Common Stock, the aggregate amount of such cash dividend
gives rise to an adjustment of the Conversion Rate, then such cash dividend together with all such other cash dividends and distributions shall, for purposes of applying the formula set forth above in this Section 10.8, cause the value of
“F” to equal (y) the aggregate amount of such cash dividend and other cash dividends and distributions, minus (z) the aggregate amount of all cash dividends or other cash distributions during the preceding 365 days for which an
adjustment in the Conversion Rate was previously made. 
 In the event that, with respect to any distribution to which this Section 10.8
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 10.8 shall not be made and in lieu
thereof the provisions of Section 10.15 shall apply to such distribution. 
  

 51 

 Section 10.9 Adjustment for Self Tender Offer. If, after the Issue Date of the Securities,
the Company or any Subsidiary of the Company pays holders of Common Stock in respect of a tender or exchange offer, other than an odd-lot offer by the Company or any of its Subsidiaries, for Common Stock (excluding stock options) consideration per
share of Common Stock having a fair market value, as determined in good faith by the Board of Directors of the Company, whose determination shall be conclusive, in excess of the Market Price of the Common Stock as of the first Business Day (the
“Measurement Date”) next succeeding the last Business Day tenders or exchanges may be made pursuant to the offer (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 adjustment contemplated by this Section 10.9 by a fraction, the numerator of which shall be the sum of (x) the fair market value of the
aggregate consideration payable to stockholders based on the acceptance of all shares validly tendered or exchanged and not withdrawn as of the Expiration Time up to the maximum specified in the tender or exchange offer (the “Purchased
Shares”) and (y) the product of the number of shares of Common Stock outstanding (less any Purchased Shares) at the Expiration Time and the Last Reported Sale Price of a share of Common Stock on the Measurement Date, and the denominator of
which shall be the number of shares of Common Stock outstanding (including any tendered or exchanged shares) at the Expiration Time (including the Purchased Shares) multiplied by the Last Reported Sale Price of one share of Common Stock on the
Measurement Date. Such reduction shall become effective immediately prior to the opening of business on the day following the Measurement Date. 
 Section 10.10 When No Adjustment Required. No adjustment to the Conversion Rate need be made as a result of: 
 (1) upon
the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in shares of Common
Stock under any plan; 
 (2) upon the issuance of any shares of Common Stock, stock appreciation rights, restricted stock units or options or
rights to purchase shares of Common Stock pursuant to any present or future employee, director or consultant benefit plan or program of or assumed by the Company or any of its Subsidiaries; or 
 (3) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right, or exercisable, exchangeable or convertible security
outstanding as of the date the Securities were first issued. 
 To the extent the Securities become convertible pursuant to this Article X in
whole or in part into cash, no adjustment need be made thereafter as to the cash. Interest will not accrue on the cash. 
 Section 10.11
Notice of Adjustment. Whenever the Conversion Rate is adjusted, the Company shall promptly mail to Holders a notice of the adjustment. The Company shall file with the Trustee and the Conversion Agent such notice briefly stating the facts
requiring the adjustment and the manner of computing it. The certificate shall be conclusive evidence that the 
  

 52 

 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 10.12 Voluntary
Increase. The Company from time to time may increase the Conversion Rate by any amount at any time for at least 20 days, so long as the increase is irrevocable during such period. 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 10.6, 10.7, 10.8 or 10.9. 
 Section 10.13 Notice of Certain Transactions. If: 
 (1) the Company takes any action that would require an adjustment in the Conversion Rate pursuant to Section 10.6, 10.7, 10.8 or 10.9 (unless no adjustment is to occur pursuant to Section 10.11); or

 (2) the Company takes any action that would require a supplemental indenture pursuant to Section 10.16; or 
 (3) there is a liquidation or dissolution of the Company; 
 then the Company shall mail to Holders and file with the Trustee and the Conversion Agent a notice stating the proposed record date for a dividend, distribution or subdivision or the proposed effective date of a combination,
reclassification, consolidation, merger, binding share exchange, transfer, 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 10.14 Reorganization of Company; Special Distributions. (a) If the
Company is a party to a transaction subject to Section 5.1 (other than a sale of all or substantially all of the assets of the Company in a transaction in which the holders of shares of 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 shares of Common Stock, the person obligated to deliver securities, cash or other assets
upon conversion of Securities shall enter into a supplemental indenture. 
 (b) The Company or the successor or purchasing person, as the
case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the TIA as in force at the date of execution of such supplemental indenture, if such supplemental indenture is then required to so comply) providing for
the conversion and settlement of the Securities as set forth in this Indenture. Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article X.
If, in the case of any such reclassification, change, merger, consolidation, statutory share exchange, combination, sale or conveyance, the stock or other securities and assets receivable thereupon by a holder of Common Stock includes shares of
stock or other securities and assets of a corporation 
  

 53 

 other than the successor or purchasing corporation, as the case may be, in such reclassification, change, merger,
consolidation, statutory share exchange, combination, sale or conveyance, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional provisions to protect the interests of the Holders of the
Securities as the Board of Directors shall reasonably consider necessary by reason of the foregoing. 
 (c) Subject to the provisions of
Section 10.1(b), the Conversion Value with respect to each $1,000 principal amount of Securities converted following the effective date of any such transaction, shall be calculated (as provided in clause (d) below) based on the kind and
amount of stock, securities, other property, assets or cash received upon such reclassification, change, consolidation, merger, binding share exchange, sale or conveyance by a holder of Common Stock holding, immediately prior to the transaction, a
number of shares of Common Stock equal to the Conversion Rate immediately prior to such transaction (the “Exchange Property”), assuming such holder of Common Stock did not exercise his rights of election, if any, as to the kind or amount
of stock, securities, other property, assets or cash receivable upon such consolidation, merger, binding share exchange, sale or conveyance (provided that, if the kind or amount of stock, securities, other property, assets or cash receivable upon
such consolidation, merger, binding share exchange, sale or conveyance is not the same for each share of Common Stock in respect of which such rights of election shall not have been exercised (“Non-Electing Share”), then for the purposes
of this Section 10.14 the kind and amount of stock, securities, other property, assets or cash receivable upon such consolidation, merger, binding share exchange, sale or conveyance for each Non-Electing Share shall be deemed to be the kind and
amount so receivable per share by a plurality of the Non-Electing Shares). 
 (d) The Conversion Value in respect of any Securities converted
following the effective date of any such transaction shall be equal to the average of the daily values of the Exchange Property pertaining to such Securities as determined in the next sentence (the “Exchange Property Value”) for each of
the ten (10) consecutive Trading Days (appropriately adjusted to take into account the occurrence during such period of stock splits and similar events) beginning on the later of (A) the second Trading Day immediately following the day the
Securities are tendered for conversion and (B) the effective date of such transaction (the “Exchange Property Average Price”). For the purpose of determining the value of any Exchange Property: 
 (i) any shares of common stock of the successor or purchasing Person or any other Person that are included in the Exchange Property shall be valued as
set forth in Section 10.1(b) as if such shares were “Common Stock” using the procedures set forth in the definition of “Sale Price” in Section 1.1; and 
 (ii) any other securities, property or assets (other than cash) included in the Exchange Property shall be valued in good faith by the Board of
Directors of the Company or by a NASDAQ Global Select Market member firm selected by the Board of Directors. 
 (e) The Company shall deliver
the Conversion Value to Holders of Securities so converted as follows: 
 (i) An amount equal to the Principal Return, determined as set
forth in Section 10.1(b); and 
  

 54 

 (ii) If the Conversion Value of the Securities so converted is greater than the outstanding principal
amount of the Securities, an amount of Exchange Property, determined as set forth below, equal to such aggregate Conversion Value less the outstanding principal amount of the Securities (the “Net Exchange Property Amount”). 
 The amount of Exchange Property to be delivered shall be determined by dividing the Net Exchange Property Amount by the Exchange Property Average Price.
If the Exchange Property includes more than one kind of property, the amount of Exchange Property of each kind to be delivered shall be in the proportion that the Exchange Property Value of such kind of Exchange Property bears to the Exchange
Property Value of all the Exchange Property. If the foregoing calculations would require the Company to deliver a fractional share or unit of Exchange Property to a Holder of Securities being converted, the Company shall deliver cash in lieu of such
fractional share or unit based on its Exchange Property Average Price. 
 (f) Notwithstanding clauses (c), (d) and (e) above, if
the Securities are tendered for conversion prior to the effective date of any such transaction pursuant to this Section 10.14 above, and the amount in cash and number of shares of Common Stock, if any, that a Holder will receive upon conversion
have been determined as of the effective date of such transaction, then the Company shall (i) pay the amount in cash as set forth in Section 10.1(b) and (ii) instead of delivering the number of shares of Common Stock as set forth in
Section 10.1(b), if applicable, deliver an amount of Exchange Property that a holder of Common Stock, holding, immediately prior to the transaction, a number of shares of Common Stock equal to the number of shares of Common Stock as set forth
in Section 10.1(b), would receive, assuming such holder of Common Stock did not exercise his rights of election, if any, as to the kind or amount of stock, securities, other property, assets or cash receivable upon such consolidation, merger,
binding share exchange, sale or conveyance (provided that, if the kind or amount of stock, securities, other property, assets or cash receivable upon such consolidation, merger, binding share exchange, sale or conveyance is not the same for each
Non-Electing Share, then for the purposes of this Section 10.14 the kind and amount of stock, securities, other property, assets or cash receivable upon such consolidation, merger, binding share exchange, sale or conveyance for each
Non-Electing Share shall be deemed to be the kind and amount so receivable per share by a plurality of the Non-Electing Shares). If the foregoing calculations would require the Company to deliver a fractional share or unit of Exchange Property to a
holder of Securities being converted, the Company shall deliver cash in lieu of such fractional share or unit based on the Exchange Property Value (as so determined). 
 (g) The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Holder, at the address of such Holder as it appears on the register of the Securities maintained by the
Registrar, within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 
 (h) The above provisions of this Section 10.14 shall similarly apply to successive reclassifications, changes, mergers, consolidations, statutory share exchanges, combinations, sales and conveyances. 

 

 55 

 If this Section applies, neither Section 10.6 nor 10.7 applies. 
 If the Company makes a distribution to all holders of its shares of 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 10.8, would otherwise result in an adjustment in the Conversion Rate pursuant to the provisions of Section 10.8, then, from and
after the record date for determining the holders of shares of 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 shares of Common Stock into which the Security is convertible, 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 shares of Common Stock entitled to receive the distribution. 
 Section 10.15 Company Determination Final. Any determination that the Company or the Board of Directors must make pursuant to Section 10.3, 10.6, 10.7, 10.8, 10.9, 10.10, 10.14or 10.16 is conclusive,
absent manifest error. 
 Section 10.16 Trustee’s Adjustment Disclaimer. The Trustee has no duty to determine when an
adjustment under this Article X 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 10.15 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 X. Each Conversion Agent shall have the same protection under this Section 10.16 as the Trustee. All calculations required under Article X shall be performed by the Company, with notice thereof
to the Trustee. 
 Section 10.17 Simultaneous Adjustments. In the event that this Article X requires adjustments to the
Conversion Rate under more than one of Sections 10.6(4), 10.7 or 10.8, 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 10.6, second, the provisions of Section 10.8 and, third, the provisions of Section 10.7. 
 Section 10.18
Successive Adjustments. After an adjustment to the Conversion Rate under this Article X, any subsequent event requiring an adjustment under this Article X shall cause an adjustment to the Conversion Rate as so adjusted. 
 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.1 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. 
  

 56 

 Section 11.2 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: 
 Tech Data
Corporation 
 5350 Tech Data Drive 
 Clearwater, Florida 33760 
 Tel: (727) 539-7429 
 Fax: (727) 538-5260 
 Attention: Treasurer 
 if to the Trustee: 
 U.S. Bank National
Association 
 100 Wall Street, 16th floor 
 New York, NY 10005 
 Telephone No. [•] 
 Facsimile No.
[•] 
 Attention: [•] 
 The Company or the Trustee by notice given to the other in the manner provided above may designate additional or different addresses for subsequent notices or communications. 
 Any notice or communication given to a Securityholder shall be mailed to the Securityholder, by first-class mail, postage prepaid, at the
Securityholder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 
 Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not received by the addressee. 
 If the Company mails a notice or communication to the Securityholders,
it shall mail a copy to the Trustee and each Registrar, Paying Agent, Conversion Agent or co-registrar. 
 Section 11.3 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 11.4 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 
  

 57 

 (2) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
have been complied with. 
 Section 11.5 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 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 11.6 Separability Clause. In case any provision in this
Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 11.7 Rules by Trustee, Paying Agent, Conversion Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting
of Securityholders. The Registrar, the Conversion Agent and the Paying Agent may make reasonable rules for their functions. 
 Section 11.8 Legal Holidays. A “Legal Holiday” is any day other than a Business Day. If any specified date (including a date for giving notice) is a Legal Holiday, the action shall be taken on the next succeeding day
that is not a Legal Holiday, and, if the action to be taken on such date is a payment in respect of the Securities, no interest, if any, shall accrue for the intervening period. 
 Section 11.9 GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS INDENTURE AND THE SECURITIES, WITHOUT REGARD AS TO CONFLICT
OF LAWS PRINCIPLES. 
 Section 11.10 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. 
  

 58 

 Section 11.11 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 11.12 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. 
  

 59 

 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. 
  

			
	 TECH DATA CORPORATION

		
	 By:
	 	  
  

	 Name:
	 	
	 Title:
	 	
	
	 U.S. BANK NATIONAL ASSOCIATION,
     as Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 60 

 EXHIBIT A-1 
 [FORM OF FACE OF GLOBAL SECURITY] 
 THIS SECURITY WILL BE SUBJECT TO THE REGULATIONS GOVERNING CONTINGENT
PAYMENT DEBT INSTRUMENTS FOR UNITED STATES FEDERAL INCOME TAX PURPOSES. AS REQUIRED UNDER APPLICABLE TREASURY REGULATIONS, THE COMPANY HAS SET FORTH THE “COMPARABLE YIELD” IN SECTION 4.7 OF THE INDENTURE PURSUANT TO WHICH THIS SECURITY IS
BEING ISSUED. THE HOLDER OF THIS SECURITY MAY OBTAIN THE PROJECTED PAYMENT SCHEDULE BY SUBMITTING A WRITTEN REQUEST FOR SUCH INFORMATION TO TECH DATA CORPORATION, 5350 TECH DATA DRIVE, CLEARWATER, FLORIDA 33760, ATTENTION: TREASURER. 
 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 TO NOMINEES OF THE
DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. 

 TECH DATA CORPORATION 
 [•]% Convertible Senior Debentures due 2026 
  

			
	 No.
	  	 CUSIP:

 Issue Date: December [•], 2006 
 Issue Price: 100% of principal amount 
 TECH DATA CORPORATION, a corporation duly organized and existing under the laws of the State of Florida, promises to pay to Cede & Co. or registered assigns, the principal amount of
[                                ]
($                ) on December 15, 2026. 
 This Security shall bear interest at a rate of [•]% per year except 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. 
  

					
	Dated:	  	TECH DATA CORPORATION
			
		  	By:	 	  

		  	Title:	 	  

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 U.S. BANK NATIONAL ASSOCIATION 
     as Trustee,
certifies that this is one 
     of the Securities referred to in the 
     within-mentioned Indenture. 
  

			
	 By
	 	  

		 	 Authorized Signatory

 Dated: 
  

 [FORM OF REVERSE OF GLOBAL SECURITY] 
 [•]% Convertible Senior Debentures due 2026 
 1. Interest.

 Except as provided below, this Security shall bear interest at a rate of [•]% per year on the principal amount hereof, from December
[•], 2006 or from the most recent Interest Payment Date (as defined below) to which payment has been paid or duly provided for, payable semiannually in arrears on June 15 and December 15 of each year (each an “Interest Payment
Date”) to the persons in whose names the Securities are registered at the close of business on June 1 and December 1 (each a “Regular Record Date”) (whether or not a Business Day), as the case may be, immediately preceding
such Interest Payment Date. Interest on the Securities will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 Interest on Securities converted after a record date, but prior to the corresponding Interest Payment Date, will be paid to the Holder of the Securities on the Regular Record Date but, upon conversion, the Holder must pay the Company the
interest which has accrued and will be paid on such Interest Payment Date. No such payment needs to be made with respect to Securities that will be redeemed after a Regular Record Date and prior to the corresponding Interest Payment Date; provided,
that the Company may pay interest to a person other than record holder if the Company elects to redeem the Securities during such a period, in which case the Company will pay accrued and unpaid interest to the person to whom principal is payable.

 Upon conversion of a Security, a Holder will not receive any cash payment of interest unless, as described in Section 8 hereof, such
conversion occurs between a Regular Record Date and the interest payment date to which the Regular Record Date relates. If the Company delivers Common Stock upon surrender of a Security for conversion, the Company will not issue fractional shares of
Common Stock. Instead, the Company will pay cash in lieu of fractional shares based on the Last Reported Sale Price of the Common Stock on the trading day immediately prior to the Conversion Date. Delivery by the Company to a Holder of the full
amount of cash and Common Stock, if any, together with any payment for any fractional share, will be deemed to satisfy the Company’s obligation to pay the principal amount of the Security and accrued but unpaid interest to the Conversion Date.
As a result, accrued but unpaid interest to the Conversion Date will be deemed to be paid in full rather than cancelled, extinguished or forfeited. 
 Notwithstanding the preceding paragraphs, if Securities are converted after the close of business on a Regular Record Date but prior to the opening of business on the interest payment date to which that Regular Record Date relates, holders
of such Securities at the close of business on the Regular Record Date will receive the interest payable on the Securities on the corresponding interest payment date notwithstanding the conversion. Such Securities, upon surrender for conversion,
must be accompanied by funds equal to the amount of interest payable on the Securities so converted on the next succeeding interest payment date. However, no such payment need be made (1) if the Company has specified a redemption date or a
repurchase date relating to a Fundamental Change that is after a Regular Record Date and on or prior to the next interest payment date or (2) to the extent that any overdue interest exists at the time of conversion with respect to such
Security. 

 If the principal amount of a Security, plus accrued and unpaid interest, or any portion thereof, is not
paid when due (whether upon acceleration pursuant to Section 6.2 of the Indenture, upon the date set for payment of the Redemption Price pursuant to Section 5 hereof, upon the date set for payment of the Purchase Price or the Fundamental
Change Purchase Price pursuant to Section 6 hereof, or upon the Stated Maturity of this Security), then, in each such case, the overdue amount shall, to the extent permitted by law, bear interest at a rate of [•]% per year, compounded
semi-annually, which interest shall accrue from the date such overdue amount was originally due to the date of payment of such amount, including interest thereon, has been made or duly provided for. All such interest shall be payable on demand and
shall be based on a 360-day year comprised of twelve 30-day months. 
 Contingent Interest. The interest rate on the Securities will
be [•]% per year through December 15, 2011. Beginning with the period commencing on December 20, 2011 and ending on June 15, 2012 and for each six-month period thereafter, the Company will pay contingent interest on the interest
payment date for the applicable interest period if the average of the Last Reported Sale Prices of a Security is greater than or equal to 120% of the principal amount of the Security for the five consecutive trading days ending on the third trading
day preceding the first day of the applicable interest period. If contingent interest is payable for a particular six-month period (each a “Contingent Interest Period”), the Company shall pay contingent interest per Security in an amount
equal to [•]% of the average of the Last Reported Sale Prices of a Security for the applicable five consecutive trading-day reference period. 
 Contingent interest, if any, will accrue and be payable to Holders as of the record date for the related Cash Dividend or, if no Cash Dividend is paid by the Company during any quarter within a Contingent Interest Period, to Holders as of
the 15th day preceding the last day of the relevant Contingent Interest Period. Such payments shall be paid on the
payment date of the related Cash Dividend or, if no Cash Dividend is paid by the Company during any quarter within a Contingent Interest Period, on the last day of the relevant Contingent Interest Period. Pursuant to the foregoing provisions, in any
Contingent Interest Period in which contingent interest is payable, the Company shall: (a) upon the first payment date for a Cash Dividend falling within such Contingent Interest Period pay the Cash Dividend paid by the Company per share of
Common Stock upon such date multiplied by the number of shares of Common Stock into which a Security is convertible pursuant to paragraph 8 below as of such date; (b) upon any subsequent payment date for a Cash Dividend falling within such
Contingent Interest Period, or if no other subsequent payment date for a Cash Dividend falls within such Contingent Interest Period, on the last day of such period, pay [•]% of the average of the Last Reported Sale Prices of a Security for the
five consecutive trading days ending on the third trading day preceding the first day of the applicable interest period minus the amounts previously paid in respect of such Security pursuant to clause (a) during such Contingent Interest Period
and (c) if no payment date for a Cash Dividend falls within such Contingent Interest Period, on the last date of such period, pay [•]% of the average of the Last Reported Sale Prices of a Security for the five consecutive trading days
ending on the third trading day preceding the first day of the applicable interest period. 

 “Cash Dividends”, for purposes of this paragraph 2, means all cash dividends on Common Stock
(whether regular, periodic, extraordinary, special, nonrecurring or otherwise) as declared by the Company’s Board of Directors. 
 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 through
PR Newswire or publish the information on the Company’s web site or through such other public medium as the Company may use at that time. 
 2. Method of Payment. 
 Subject to the terms and conditions of the Indenture, the Company will make
payments in cash in respect of Redemption Prices, Purchase Prices, Fundamental Change Purchase Prices and at Stated Maturity to Holders who surrender Securities to the Paying Agent to collect such payments in respect of the Securities, provided that
the Company may make payments in shares of Common Stock or combination of cash and Common Stock in respect of the Purchase Price on a Purchase Date, as provided for in Section 3.7 of the Indenture. 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. 
 3. Paying Agent, Bid Solicitation Agent, Conversion Agent and Registrar. 
 Initially, Banc of America
Securities LLC shall act as Bid Solicitation Agent, and U.S. Bank National Association (the “Trustee”) will act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent or
Registrar without notice, other than notice to the Trustee; provided that the Company will maintain at least one Paying Agent in the State of New York, City of New York, Borough of Manhattan, which shall initially be an office or agency of the
Trustee. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Conversion Agent or Registrar. 
  

	4.	Indenture; Ranking. 

 The Company issued the
Securities under an Indenture, dated as of December [•], 2006 (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. To the extent any provisions of this Security and the Indenture conflict, the provisions of the Indenture shall control. 
 The Securities are limited to $[350,000,000] aggregate principal amount. The Securities are the Company’s senior, unsecured obligations and will
rank equal in right of payment to all of the Company’s existing and future unsecured and unsubordinated indebtedness. The Securities will rank senior in right of payment to all of the Company’s existing and future subordinated
indebtedness. 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 at the option of the Company in whole or in part, on or after
December 20, 2011 upon not less than 30 nor more than 60 days’ notice by mail for a cash price equal to the principal amount plus accrued and unpaid interest, if any, to the Redemption Date (the “Redemption Price”). 

 

	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 in cash, at the option of the Holder, all or any portion of the Securities held by such Holder on any Purchase Date in integral multiples
of $1,000, at a Purchase Price equal to the principal amount plus accrued and unpaid interest, if any, to the Purchase Date. To exercise such right, a Holder shall deliver to the Company a Purchase Notice containing the information set forth in the
Indenture at any time from the opening of business on the date that is 20 Business Days prior to such Purchase Date until the close of business on the last Business Day prior to such Purchase Date, and shall deliver the Securities to the Paying
Agent as set forth in the Indenture. 
 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company
shall become obligated to offer to purchase the Securities held by such Holder within 30 days (which purchase shall occur 45 days after the date of such offer) after the occurrence of a Fundamental Change for a Fundamental Change Purchase Price
equal to the principal amount plus accrued and unpaid interest, if any, to the Fundamental Change Purchase Date, which Fundamental Change Purchase Price shall be paid in cash. 
 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 (and/or shares of Common Stock if permitted under
the Indenture) 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 on the Purchase Date or the Fundamental Change Purchase Date, as the case may be, is
deposited with the Paying Agent on the Purchase Date or the Fundamental Change Purchase Date, interest ceases to accrue on such Securities or portions thereof immediately after such Purchase Date or Fundamental Change Purchase Date, 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 upon surrender of such Security. 
 7. Notice of Redemption. 
 Notice of redemption pursuant to Section 5 of this Security 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, interest ceases to accrue on such Securities or portions thereof
immediately after such Redemption Date. Securities in denominations larger than $1,000 of principal amount may be redeemed in part but only in integral multiples of $1,000 of principal amount. 
  

	8.	Conversion. 

 Holders may surrender Securities for
conversion into cash and shares, if any, of Common Stock during any fiscal quarter, and only during such fiscal quarter, if the Last Reported Sale Price per share of the Common Stock for at least 20 trading days during the period of 30 consecutive
trading days ending on the last trading day of the immediately preceding fiscal quarter is more than 135% of the applicable conversion price on such last trading day. 
 In the event that the Conversion Rate must be adjusted because the Company declares a dividend or distribution described in Section 10.7 of the Indenture or a dividend or a distribution described in
Section 10.8 of the Indenture where the fair market value of such dividend or distribution per share of Common Stock, as determined in the Indenture, exceeds 15% of the Sale Price of a share of Common Stock as of the Business Day prior to the
date of declaration for such distribution, unless the Holder may participate in this distribution without conversion, the Securities may be surrendered for conversion beginning on the date the Company gives notice to the Holders of such right, which
shall be not less than 20 days prior to the Ex-Dividend Time for such dividend or distribution, and the Securities may be surrendered for conversion at any time thereafter until the close of business on the Business Day prior to the Ex-Dividend Time
or until the Company announces that such distribution will not take place. 
 A Holder may surrender its Securities for conversion at any
time after June 15, 2026 until the close of business on the second scheduled trading day immediately preceding Stated Maturity. 
 For
all Securities that are converted pursuant to the preceding paragraph, the applicable Conversion Reference Period will begin on the third scheduled trading day following the Stated Maturity. 
 In the event the Company is a party to a consolidation, merger or binding share exchange, or transfer of all or substantially all of the Company’s
assets, in each case pursuant to which the shares of Common Stock would be converted into cash or other property other than securities, or if a Fundamental Change occurs and results in an increase in the Conversion Rate, the Securities may be
surrendered for conversion at any time from and after the date which is 15 days prior to the date the Company announces as the anticipated effective time until and including the date which is 15 days after the actual date of such transaction (or if
such transaction also results in Holders having a right to require the Company to repurchase their Notes, until the Fundamental Change Purchase Date). 
 If and only to the extent a Holder elects to convert the Notes in connection with a transaction described in clause (i) or (ii) of the definition of Fundamental Change that occurs on or prior to
December 15, 2011 pursuant to which 10% or more of the consideration for the Common Stock (other than cash payments for fractional shares and cash payments made in 

 respect of dissenters’ appraisal rights) in such Fundamental Change transaction consists of cash or securities (or
other property) that are not traded or scheduled to be traded immediately following such transaction on a U.S. national securities exchange or the NASDAQ Global Select Market, the Company will pay the Make-Whole Premium as described under
Section 3.8(a). 
 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. 
 The initial Conversion Rate is [•] shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain events
described in the Indenture. A Holder that surrenders Securities for conversion will receive cash or a check in lieu of any fractional shares of Common Stock. 
 To surrender a Security for conversion, a Holder must (1) complete and manually sign the irrevocable 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 and (4) pay any transfer or similar tax, if required. 
 A Holder may convert a portion of a Security if the principal amount of such portion is $1,000 or an integral multiple of $1,000. No payment or
adjustment will be made for dividends on the shares of Common Stock except as provided in the Indenture. Except as provided in Section 1 hereof, on conversion of a Security, the Holder will not receive any cash payment representing accrued
interest with respect to the converted Securities. Instead, upon conversion the Company will deliver to the Holder a fixed number of shares of Common Stock and any cash payment to account for fractional shares. Accrued interest will be deemed paid
in full rather than canceled, extinguished or forfeited. The Company will not adjust the Conversion Rate to account for accrued interest. 
 The Conversion Rate will be adjusted as provided in Article X of the Indenture. The Company may increase the Conversion Rate for at least 20 days, so long as the increase is irrevocable during such period. 
 If the Company engages in certain reclassifications of the Common Stock or if the Company is a party to a consolidation, merger, binding share exchange
or a transfer of all or substantially all of its assets, in each case pursuant to which shares of Common Stock are converted into cash, security or other property, then at the effective time of the transaction the Conversion Value and Net Share
Amount will be based on the applicable Conversion Rate and the kind and amount of cash, securities or other property which a Holder of one share of Common Stock would have received in such transaction. In addition, if the Holder converts its
Securities following the effective time of the transaction, the Net Share Amount will be paid in such Exchange Property rather than shares of Common Stock. Notwithstanding the first sentence of this paragraph, if the Company elects to adjust the
Conversion Rate and the Company’s conversion obligation as described in Section 3.8(b), the provisions described in that section will apply instead of the provisions described in the first sentence of this paragraph. 

	9.	Conversion Arrangement on Call for Redemption. 

 Any
Securities called for redemption, unless surrendered for conversion before the close of business on the day that is two Business Days 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 them into shares of Common Stock and to make payment for such Securities to
the Trustee in trust for such Holders. 
  

	10.	Denominations; Transfer; Exchange. 

 The Securities
are in fully registered form, without coupons, in minimum denominations of $1,000 of principal amount and integral multiples of $1,000. A Holder may transfer or exchange the 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. 
 11. Persons Deemed Owners. 
 The registered Holder of
this Security may be treated as the owner of this Security for all purposes. 
 12. Unclaimed Money or Securities. 
 The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with
respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless
an applicable abandoned property law designates another person. 
 13. Amendment; Waiver. 
 Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written consent of the Holders
of at least a majority in aggregate principal amount of the Securities at the time outstanding and (ii) certain Defaults may be waived with the written consent of the Holders of a majority in aggregate principal amount of the Securities at the
time outstanding. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company and the Trustee may amend the Indenture or the Securities among other things, (i) to cure any ambiguity, omission, defect
or inconsistency, provided that such modification or amendment does not materially and adversely affect the interests of the holders of the Securities, (ii) to comply with Article X or Section 10.14 of the 

 Indenture, (iii) to secure the Company’s obligations or to add any guarantee under the Securities and the
Indenture; (iv) to add to the covenants of the Company for the benefit of the Holders or to surrender any right or power conferred upon the Company, (v) to add Events of Default with respect to the Securities; (vi) to make any change
necessary for the registration of the Securities under the Securities Act or 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, provided
that such modification or amendment does not materially and adversely affect the interests of the holders of the Securities, (vii) to provide for uncertificated Securities in addition to or in place of certificated Securities or to provide for
bearer Securities or (viii) to make any modifications or amendments that the Company and the Trustee may deem necessary or desirable, provided such amendment or modification does not materially and adversely affect the interests of the Holders
of the Securities. 
 14. Defaults and Remedies. 
 Under the Indenture, Events of Default include (i) default in payment of the principal amount of the Securities plus accrued and unpaid interest when the same becomes due and payable at Stated Maturity, upon redemption, upon
declaration, when due for purchase by the Company or otherwise, (ii) default in the payment of any interest (including contingent interest), when due and payable, subject to lapse of time, (iii) failure by the Company to comply in any
material respect with other agreements or covenants in the Indenture or the Securities, subject to notice and lapse of time; (iv) failure by the Company to deliver cash and shares, if any, of Common Stock upon the election by the Holders to
convert their Securities, subject to lapse of time; (v) failure to provide timely notice of a Fundamental Change; (vi) default under any credit agreement, mortgage, indenture or instrument under which there may be issued or by which there
may be secured or evidenced any indebtedness for money borrowed by the Company or any of its Material Subsidiaries (or the payment of which is guaranteed by the Company or any of its Material Subsidiaries), whether such indebtedness or guarantee
exists on the date of the Indenture or is created thereafter, which default (A) is caused by a failure to pay when due any principal of such indebtedness within the grace period provided for in such indebtedness (which failure continues beyond
any applicable grace period) (a “Payment Default”) or (B) results in the acceleration of such indebtedness prior to its express maturity (without such acceleration being rescinded or annulled) and, in each case, the principal amount
of such indebtedness, together with the principal amount of any other such indebtedness under which there is a Payment Default or the maturity of which has been so accelerated, aggregates $30,000,000 or more and such Payment Default is not cured or
such acceleration is not annulled within 30 days after notice; or (vii) failure by the Company or any Material Subsidiary of the Company to pay final, non-appealable judgments (other than any judgment as to which a reputable insurance company
has accepted full liability) aggregating in excess of $30,000,000, which judgments are not stayed, bonded or discharged within 60 days after their entry; and (vii) certain events of bankruptcy, insolvency and reorganization of the Company.

 Holders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may refuse to enforce the
Indenture or the Securities unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities at the time outstanding may direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from the Holders notice of any continuing Default (except a Default in payment of amounts specified in clause (ii) above) if it determines that withholding notice is in their interests. 

 15. 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 the Company or its Affiliates with the same rights it would have if it were not Trustee. 
  

	16.	Calculations in Respect of Securities. 

 The Company
will be responsible for making all calculations called for under the Securities, except for such calculations made by the Bid Solicitation Agent. These calculations include, but are not limited to, determination of the market prices for the Common
Stock, accrued interest payable on the Securities and the Last Report Sale Price of the Securities and on the Common Stock. Any calculations made in good faith and without manifest error will be final and binding on Holders of the Securities. The
Company will be required to deliver to each of the Trustee and the Conversion Agent a schedule of its calculations and each of the Trustee and the Conversion Agent will be entitled to rely upon the accuracy of such calculations without independent
verification. The Trustee will forward the Company’s calculations to any Holder of the Securities upon the request of such Holder. 
 17. No Recourse
Against Others. 
 A director, officer, employee or stockholder, as such, of the Company or the Trustee 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 Holder waives and releases all such liability. The waiver
and release are part of the consideration for the issue of the Securities. 
  

	18.	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. 
  

	19.	Abbreviations. 

 Customary abbreviations may be used
in the name of a Holder 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). 
  

	20.	GOVERNING LAW. 

 THE LAWS OF THE STATE OF NEW YORK
SHALL GOVERN THE INDENTURE AND THIS SECURITY. 

 The Company will furnish to any Holder 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: 
 Tech Data Corporation 
 5350 Tech Data Drive 
 Clearwater, Florida
33760 
 Attention: Treasurer 

 FORM OF CONVERSION NOTICE 
 To: TECH DATA CORPORATION. 
 The undersigned beneficial owner of the Security hereby irrevocably exercises the option to convert this Security, or portion hereof (which is $1,000 or an integral multiple thereof) below designated, into cash and shares, if any, of Common
Stock of Tech Data Corporation in accordance with the terms of the Indenture referred to in this Security, and directs that the shares issuable and deliverable upon the conversion, together with any check in payment for fractional shares and
Securities representing any unconverted principal amount hereof, be issued and delivered to the beneficial owner hereof unless a different name has been indicated below. If shares or any portion of this Security not converted are to be issued in the
name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Any amount required to be paid by the undersigned on account of interest and taxes accompanies this Security. 
  

			
	 Dated:
  
 Fill in for registration of shares if to be delivered,
 and Securities if to
be issued, other than to and in
 the name of the beneficial owner
 (Please Print):
	  	  
  
  
  
  
 Signature(s)
 Principal amount to be converted (if less than all):

		
	  
 (Name)
	  	$        ,000
		
	  
 (Street Address)
	  	  
 Social Security or other Taxpayer
Identification Number

		
	  
 (City, State and Zip
Code)
	  	
		
	 Signature Guarantee:
  
	  	

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

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

 _____________________________________________________________________________________________________________ 
 (Insert assignee’s social security or tax I.D. no.) 
 _____________________________________________________________________________________________________________ 
  
 _____________________________________________________________________________________________________________ 
  
 _____________________________________________________________________________________________________________ 
 (Print or type
assignee’s name, address and zip code) 
 and irrevocably appoint
                                        
                                        
             agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
 Your Signature:                                   
                                        
                                        
                                       
                   
                                        
 (Sign exactly as your name appears on the other side of this Security) 
 Date:
                                        
                                     
 Medallion Signature Guarantee:
                                        
                                       
                                  

 SCHEDULE OF INCREASES AND DECREASES OF GLOBAL SECURITY 
 Initial Principal Amount of Global Security:
                        
($                        ). 
  

									
	 Date
	  	 Amount of Increase
 in Principal Amount
 of Global
Security
	  	 Amount of Decrease in
 Principal Amount of
 Global
Security
	  	 Principal Amount of
 Global Security
 After Increase
or
 Decrease
	  	 Notation by
 Registrar or
 Security
Custodian

  

 A-1- 

 EXHIBIT A-2 
 [FORM OF FACE OF CERTIFICATED SECURITY] 
 THIS SECURITY WILL BE SUBJECT TO THE REGULATIONS GOVERNING
CONTINGENT PAYMENT DEBT INSTRUMENTS FOR UNITED STATES FEDERAL INCOME TAX PURPOSES. AS REQUIRED UNDER APPLICABLE TREASURY REGULATIONS, THE COMPANY HAS SET FORTH THE “COMPARABLE YIELD” IN SECTION 4.7 OF THE INDENTURE PURSUANT TO WHICH THIS
SECURITY IS BEING ISSUED. THE HOLDER OF THIS SECURITY MAY OBTAIN THE PROJECTED PAYMENT SCHEDULE BY SUBMITTING A WRITTEN REQUEST FOR SUCH INFORMATION TO TECH DATA CORPORATION, 5350 TECH DATA DRIVE, CLEARWATER, FLORIDA 33760, ATTENTION: TREASURER.

  

 A-2- 

 Tech Data Corporation 
 [·]% Convertible Senior Debentures due 2026 
  

			
	No.	  	CUSIP:

 Issue Date: December [·], 2006 
 Issue Price: 100% of principal amount 
 TECH DATA CORPORATION, a corporation duly organized and existing under the laws of the State of Florida, promises to pay to
                                        ,
or registered assigns, the principal amount of
($                                       
 ) on December 15, 2026. 
 This Security shall bear interest at a rate of [·]% per year except 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. 
 Dated: 
  

			
	TECH DATA CORPORATION
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 U.S. BANK NATIONAL ASSOCIATION, 
         as Trustee, certifies that this is one

         of the Securities referred to in the 
         within-mentioned Indenture. 
  

					
	By	  	  
	 	
		  	Authorized Signatory	 	

 Dated: 

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

 SCHEDULE A 
 Projected Payment Schedule* 
  

			
	 Period
	  	 Projected Payment per
 Debenture

	 December [•], 2006 – June 15, 2007
	  	$•
	 June 15, 2007 – December 15, 2007
	  	$•
	 December 15, 2007 - June 15, 2008
	  	$•
	 June 15, 2008 - December 15, 2008
	  	$•
	 December 15, 2008 - June 15, 2009
	  	$•
	 June 15, 2009 - December 15, 2009
	  	$•
	 December 15, 2009 - June 15, 2010
	  	$•
	 June 15, 2010 - December 15, 2010
	  	$•
	 December 15, 2010 - June 15, 2011
	  	$•
	 June 15, 2011 - December 15, 2011
	  	$•
	 December 15, 2011 - June 15, 2012
	  	$•
	 June 15, 2012 - December 15, 2012
	  	$•
	 December 15, 2012 - June 15, 2013
	  	$•
	 June 15, 2013 - December 15, 2013
	  	$•
	 December 15, 2013 - June 15, 2014
	  	$•
	 June 15, 2014 - December 15, 2014
	  	$•
	 December 15, 2014 - June 15, 2015
	  	$•
	 June 15, 2015 - December 15, 2015
	  	$•
	 December 15, 2015 - June 15, 2016
	  	$•
	 June 15, 2016 – December 15, 2016
	  	$•
	 December 15, 2016 - June 15, 2017
	  	$•
	 June 15, 2017 - December 15, 2017
	  	$•
	 December 15, 2017 - June 15, 2018
	  	$•
	 June 15, 2018 – December 15, 2018
	  	$•
	 December 15, 2018 - June 15, 2019
	  	$•
	 June 15, 2019 - December 15, 2019
	  	$•
	 December 15, 2019 - June 15, 2020
	  	$•
	 June 15, 2020 - December 15, 2020
	  	$•
	 December 15, 2020 - June 15, 2021
	  	$•
	 June 15, 2021 - December 15, 2021
	  	$•
	 December 15, 2021 - June 15, 2022
	  	$•
	 June 15, 2022 - December 15, 2022
	  	$•
	 December 15, 2022 - June 15, 2023
	  	$•
	 June 15, 2023 - December 15, 2023
	  	$•
	 December 15, 2023 - June 15, 2024
	  	$•
	 June 15, 2024 - December 15, 2024
	  	$•
	 December 15, 2024 - June 15, 2025
	  	$•
	 June 15, 2025 - December 15, 2025
	  	$•
	 December 15, 2025 - June 15, 2026
	  	$•
	 June 15, 2026 – December 15, 2026
	  	$•

	*	The comparable yield and the schedule of projected payments are determined on the basis of certain assumptions and are not determined for any purpose other than for the
determination of interest accruals and adjustments thereof in respect of the Securities for United States federal income tax purposes. The comparable yield and the schedule of projected payments do not constitute a projection or representation
regarding the amounts payable on Securities.

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