Document:

EX-10.4

 Exhibit 10.4 

 
  
 EMPLOYEE MATTERS AGREEMENT 
 by and between 

ONEOK, INC. 
 and 
 ONE Gas, Inc. 

 
  

Dates as of [            ], 2014 

 
  

 
  

 INDEX OF DEFINED TERMS 

 

			
	 TERM
	  	 SECTION DEFINED

	Affiliate	  	Separation Agreement
	Agreement	  	Preamble
	Agreement Dispute	  	11.11
	Ancillary Agreement	  	Separation Agreement
	Assets	  	Separation Agreement
	Distribution	  	Separation Agreement
	Distribution Date	  	Separation Agreement
	Distribution Record Date	  	Separation Agreement
	Effective Time	  	Separation Agreement
	Indemnifiable Losses	  	Separation Agreement
	Indemnitee	  	Separation Agreement
	LDC Business	  	Separation Agreement
	Liabilities	  	Separation Agreement
	Oklahoma Courts	  	11.12
	Parent	  	Preamble
	Parent Board	  	Recitals
	Parent Welfare Plans	  	5.1(a)
	Parties	  	Preamble
	Party	  	Preamble
	Profit Sharing Plan Transfer Date	  	4.2(b)
	Retained Businesses	  	Separation Agreement
	Separation	  	Recitals
	Separation Agreement	  	Recitals
	Service Crediting Date	  	2.3(b)(i)
	Spinco	  	Preamble
	Spinco 401(k) Thrift Plan	  	4.1(a)
	Spinco Employee Stock Award Program	  	7.1(b)
	Spinco Employee Stock Purchase Plan	  	7.1(c)
	Spinco Equity Compensation Plan	  	7.1(a)
	Spinco Nonqualified Deferred Compensation Plan	  	6.2(a)
	Spinco Pre-2005 Nonqualified Deferred Compensation Plan	  	6.2(c)
	Spinco Pre-2005 Supplemental Executive Retirement Plan	  	6.1(c)
	Spinco Profit Sharing Plan	  	4.2(a)
	Spinco Retirement Plan	  	3.1(a)
	Spinco Supplemental Executive Retirement Plan	  	6.1(a)
	Spinco Welfare Plans	  	5.1(a)
	Subsidiary	  	Separation Agreement
	Thrift Plan Contributions	  	8.4(a)
	Thrift Plan Transfer Date	  	4.1(b)
	TGS Retirement Plan	  	3.2

 EMPLOYEE MATTERS AGREEMENT 

EMPLOYEE MATTERS AGREEMENT (this “Agreement”), dated as of
[            ], 2014, by and between ONEOK, Inc., an Oklahoma corporation (“Parent”), and ONE Gas, Inc., an Oklahoma corporation (“Spinco”). Each of Parent
and Spinco is sometimes referred to herein as a “Party” and collectively, as the “Parties”. 

R E C I T A L S: 
 WHEREAS, Parent, acting through various divisions and through its direct and indirect Subsidiaries, currently conducts a number of businesses, including (i) the LDC Business and (ii) the
Retained Businesses; 
 WHEREAS, the board of directors of Parent (the “Parent Board”) has determined that it
is appropriate, desirable and in the best interests of Parent and its stockholders to separate Parent into two independent companies (the “Separation”), one for the LDC Business, which shall be owned and conducted, directly or
indirectly, by Spinco, and one for the Retained Businesses, which shall be owned and conducted, directly or indirectly, by Parent; 
 WHEREAS, to effect the Separation the Parties entered into that certain Separation and Distribution Agreement dated as of even date hereof (as amended or otherwise modified from time to time, the
“Separation Agreement”); and 
 WHEREAS, prior to the date hereof, certain employees of Parent were transferred
to Spinco and became participants in separate employee benefit plans established by Spinco in connection with the Separation, at which time such employees ceased participating in the employee benefit plans of Parent (other than certain equity
incentive award programs and severance arrangements of Parent in which such employees will continue to participate until the Distribution Date); 
 WHEREAS, the Parties have entered into that certain Transition Services Agreement dated as of even date hereof to govern the respective rights, responsibilities and obligations of each of the Parties
after the Distribution Date relating to, arising out of, or resulting from shared services that will continue for a transitional period after the Distribution Date; and 
 WHEREAS, pursuant to the Separation Agreement, Parent and Spinco have agreed to enter into this Agreement for the purpose of allocating Assets, Liabilities and responsibilities with respect to certain
employee compensation and benefit plans and programs between them. 
 NOW, THEREFORE, in consideration of the foregoing
premises, the mutual promises and covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 

 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.1 Definitions. Capitalized
terms used but not defined herein shall have the meanings assigned to such terms in the Separation Agreement, and the following terms shall have the following meanings: 
 “1997 VEBA” shall mean the 1997 – ONEOK, Inc. Employees’ Retiree Medical Benefit Trust (FEIN: 36-4090934). 

“2005 VEBA” shall mean the 2005 – ONEOK, Inc. Collective Bargaining Unit Employees’ Health and Welfare Plan
Trust (FEIN: 56-2542479). 
 “Benefit Plan” shall mean, with respect to an entity, each plan, program,
arrangement, agreement or commitment that is an employment, change in control, severance, consulting, non-competition or deferred compensation agreement, or an executive compensation, incentive bonus or other bonus, employee pension, profit-sharing,
savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation rights, restricted stock, other equity-based compensation, severance pay, salary continuation, life, health, hospitalization, sick leave, vacation pay,
disability or accident insurance plan, corporate-owned or key-man life insurance or other employee benefit plan, program, arrangement, agreement or commitment, including any “employee benefit plan” (as defined in Section 3(3) of
ERISA), sponsored or maintained by such entity (or to which such entity contributes or is required to contribute). 

“COBRA” shall mean the continuation coverage requirements for “group health plans” under Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, and the rules and regulations thereunder, all as the same shall be in effect at the time that
reference is made thereto. 
 “Code” shall mean the U.S. Internal Revenue Code of 1986, as amended. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, and the rules and regulations thereunder, all as
the same shall be in effect at the time that reference is made thereto. 
 “ERISA Affiliate” shall mean with
respect to any Person, each business or entity which is a member of a “controlled group of corporations,” under “common control” or a member of an “affiliated service group” with such Person within the meaning of
Sections 414(b), (c) or (m) of the Code, or required to be aggregated with such Person under Section 414(o) of the Code, or under “common control” with such Person within the meaning of Section 4001(a)(14) of ERISA.

 “Former Parent Employee” shall mean any individual (or any beneficiary, dependent, or alternate payee of
such individual, as the context requires) (i) whose employment with any member of the Parent Group was terminated before the Distribution Date; provided, however, that no Former Spinco Employee shall constitute a Former Parent Employee.

  
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 “Former Spinco Employee” shall mean any individual (or any beneficiary,
dependent, or alternate payee of such individual, as the context requires) (i) whose employment with any member of the Spinco Group was terminated before the Distribution Date; or (ii) whose employment with any member of the Parent Group
was terminated prior to January 1, 2014, if such individual was allocated in connection with the Separation to any member of the Spinco Group as of January 1, 2014 by Parent in its sole discretion. 

“HIPAA” shall mean the Health Insurance Portability and Accountability Act of 1996, and the rules and regulations
thereunder, all as the same shall be in effect at the time that reference is made thereto. 
 “LDC EMA
Liabilities” shall mean all Liabilities assumed or retained by the Spinco Group as provided for in this Agreement, including Section 2.1(c). 
 “Parent 401(k) Thrift Plan” shall mean the Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries. 
 “Parent Annual Incentive Plans” shall mean, collectively, the ONEOK, Inc. Annual Officer Incentive Plan and the ONEOK, Inc. Annual Employee Incentive Plan. 

“Parent Benefit Plan” shall mean any Benefit Plan sponsored by any member of the Parent Group or any ERISA Affiliate
thereof immediately following the Distribution Date. 
 “Parent Deferred Compensation Plan for Non-Employee
Directors” shall mean the ONEOK, Inc. Deferred Compensation Plan for Non-Employee Directors. 
 “Parent
Employee” shall mean an active employee or an employee on vacation or on approved leave of absence (including sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended,
and leave under the Family Medical Leave Act, as amended), in either case, of any member of the Parent Group on or after January 1, 2014, and shall include any beneficiary, dependent, or alternate payee of such employee, as the context
requires. 
 “Parent Employee Stock Award Program” shall mean the ONEOK, Inc. Employee Stock Award Program.

 “Parent Employee Stock Purchase Plan” shall mean the ONEOK, Inc. Employee Stock Purchase Plan. 

“Parent Equity Compensation Plan” shall mean the ONEOK, Inc. Equity Compensation Plan. 

“Parent Group” shall mean (i) prior to January 1, 2014, Parent and any of its direct or indirect Subsidiaries,
and (ii) on and after January 1, 2014, Parent and each Person (other than any 

  
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member of the Spinco Group) that is a Subsidiary of Parent as of January 1, 2014, and each Person (other than any member of the Spinco Group) that becomes a Subsidiary of Parent after
January 1, 2014. 
 “Parent Long-Term Incentive Plan” shall mean the ONEOK, Inc. Long-Term Incentive Plan.

 “Parent Nonqualified Deferred Compensation Plan” shall mean the ONEOK, Inc. 2005 Nonqualified Deferred
Compensation Plan. 
 “Parent Nonqualified Plan Rabbi Trust” shall mean the ONEOK, Inc. Deferred Compensation
Plan Trust. 
 “Parent Nonqualified Plans” shall mean, collectively, the Parent Supplemental Executive
Retirement Plan, the Parent Pre-2005 Supplemental Executive Retirement Plan, the Parent Nonqualified Deferred Compensation Plan and the Parent Pre-2005 Nonqualified Deferred Compensation Plan. 

“Parent Participant” shall mean any individual who is a Parent Employee, a Former Parent Employee or a Parent Service
Provider. 
 “Parent Performance Unit” shall mean a phantom stock unit granted by Parent pursuant to a Parent
Stock Plan representing a general unsecured promise by Parent to deliver one share of Parent Common Stock or dividend equivalents, if applicable, upon the satisfaction of a performance and service based vesting requirement. 

“Parent Pre-2005 Nonqualified Deferred Compensation Plan” shall mean the ONEOK, Inc. Employee Nonqualified Deferred
Compensation Plan, as in effect on December 31, 2004. 
 “Parent Pre-2005 Supplemental Executive Retirement
Plan” shall mean the ONEOK, Inc. Supplemental Executive Retirement Plan, as in effect on December 31, 2004. 

“Parent Profit Sharing Plan” shall mean the Profit Sharing Plan sponsored by Parent. 

“Parent Ratio” shall mean a fraction, the numerator of which is the Pre-Distribution Price of a share of Parent Common
Stock and the denominator of which is the Post-Distribution Price of a share of Parent Common Stock. 
 “Parent Retiree
Reimbursement Account Plan” shall mean the Retiree Reimbursement Account Plan for Former Employees of ONEOK, Inc. and Subsidiaries. 
 “Parent Restricted Stock Unit” shall mean (i) a phantom stock unit granted by Parent pursuant to a Parent Stock Plan representing a general unsecured promise by Parent to deliver a
share of Parent Common Stock or dividend equivalents, if applicable, upon the satisfaction of a service based vesting requirement, (ii) a phantom stock unit granted by Parent pursuant to the Parent Deferred Compensation Plan for Non-Employee
Directors representing a general 

  
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unsecured promise by Parent to deliver a share of Parent Common Stock or dividend equivalents, if applicable, on the date on which a distribution under the terms of the Parent Deferred
Compensation Plan for Non-Employee Directors is to be made, or (iii) a deemed investment in shares of Parent Common Stock under the terms of a Parent Stock Plan, the Parent Nonqualified Deferred Compensation Plan or the Parent Pre-2005
Nonqualified Deferred Compensation Plan. 
 “Parent Retirement Plan” shall mean the Retirement Plan for
Employees of ONEOK, Inc. and Subsidiaries. 
 “Parent Service Plans” shall mean, collectively, the Parent
Retirement Plan, the Parent 401(k) Thrift Plan, the Parent Profit Sharing Plan and the severance and health and welfare benefit plans maintained by a member of the Parent Group to the extent eligibility for or level of benefits thereunder is
dependent upon length of service, including the Parent vacation, health and welfare, sick leave and retiree medical and life programs, if any. 
 “Parent Service Provider” shall mean any individual (or any beneficiary, dependent, or alternate payee of such individual, as the context requires) providing services to any member of the
Parent Group on or after January 1, 2014 (including any individual who is, or was, classified by Spinco as an independent contractor, temporary employee, temporary service worker, consultant, freelancer, agency employee, leased employee,
on-call worker, incidental worker, or non-payroll worker or in any other employment, non-employment, or retainer arrangement or relationship), other than any such individual who is a Parent Employee, Spinco Employee, or a Spinco Service Provider.

 “Parent Stock Plans” shall mean, collectively, the Parent Long-Term Incentive Plan and the Parent Equity
Compensation Plan. 
 “Parent Supplemental Executive Retirement Plan” shall mean the ONEOK, Inc. 2005
Supplemental Executive Retirement Plan. 
 “Participating Company” shall mean Parent or any Person (other than
an individual) that is a participating employer in a Parent Benefit Plan. 
 “Post-Distribution Price,” with
respect to a share of common stock, shall mean the average closing price for such common stock trading on the “regular way” basis on the New York Stock Exchange for the five (5) consecutive trading days immediately following the
Distribution Date. 
 “Pre-Distribution Price,” with respect to a share of common stock, shall mean the average
closing price for such common stock trading on the “regular way” basis on the New York Stock Exchange for the five (5) consecutive trading days immediately preceding the Distribution Date. 

“Retained Business EMA Liabilities” shall mean all Liabilities assumed or retained by the Parent Group as provided for
in this Agreement, including Section 2.1(b). 
 “SEC” shall mean the United States Securities and Exchange
Commission. 

  
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 “Spinco Benefit Plan” shall mean any Benefit Plan sponsored by any member
of the Spinco Group or any ERISA Affiliate thereof immediately following the Distribution Date. 
 “Spinco
Employee,” except as otherwise set forth on Schedule 1.1(a), shall mean an active employee or an employee on vacation or on approved leave of absence (including sick leave, qualified military service under the Uniformed Services
Employment and Reemployment Rights Act of 1994, as amended, and leave under the Family Medical Leave Act, as amended), in either case, of any member of the Spinco Group on or after January 1, 2014, and shall include any beneficiary, dependent,
or alternate payee of such employee, as the context requires. 
 “Spinco Group” shall mean Spinco and each
Person that is a Subsidiary of Spinco as of January 1, 2014, and each Person that becomes a Subsidiary of Spinco after January 1, 2014. 
 “Spinco Nonqualified Plan Rabbi Trust” shall mean the rabbi trust established by Spinco to fund benefits payable to Spinco Participants under the Spinco Nonqualified Plans. 

“Spinco Nonqualified Plans” shall mean, collectively, the Spinco Supplemental Executive Retirement Plan, the Spinco
Pre-2005 Supplemental Executive Retirement Plan, the Spinco Nonqualified Deferred Compensation Plan and the Spinco Pre-2005 Nonqualified Deferred Compensation Plan. 
 “Spinco Participant” shall mean any individual who is a Spinco Employee, a Former Spinco Employee, or a Spinco Service Provider. 

“Spinco Performance Unit” shall mean a phantom stock unit granted by Spinco representing a general unsecured promise by
Spinco to deliver one share of Spinco Common Stock and dividend equivalents, if applicable, upon the satisfaction of a performance and service based vesting requirement, which unit is granted pursuant to the Spinco Equity Compensation Plan as part
of the adjustment to Parent Performance Units in connection with the Distribution pursuant to Article VII hereof. 

“Spinco Ratio” shall mean a fraction, the numerator of which is the Pre-Distribution Price of a share of Parent Common
Stock and the denominator of which is the Post-Distribution Price of a share of Spinco Common Stock. 
 “Spinco Retiree
Reimbursement Account Plan” shall mean the Retiree Reimbursement Account Plan for Former Employees of ONE Gas, Inc. and Subsidiaries. 
 “Spinco Restricted Stock Unit” shall mean (i) a phantom stock unit issued by Spinco representing a general unsecured promise by Spinco to deliver one share of Spinco Common Stock or
dividend equivalents, if applicable, upon the satisfaction of a service based vesting requirement, which unit is granted pursuant to a Spinco Stock Plan as part of the adjustment to Parent Restricted Stock Units in connection with the Distribution
pursuant to Article VII hereof or (ii) a deemed investment in shares of Spinco Common Stock under the terms of the Spinco Equity Compensation Plan, the Spinco Nonqualified Deferred Compensation Plan or the Spinco Pre-2005 Nonqualified Deferred
Compensation Plan, which investment is deemed made as part of the adjustment to Parent Restricted Stock Units in connection with the Distribution pursuant to Article VII hereof. 

  
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 “Spinco Service Plans” shall mean, collectively, the Spinco Retirement
Plan, the TGS Retirement Plan, the Spinco 401(k) Thrift Plan, the Spinco Profit Sharing Plan and the severance and health and welfare plans maintained by a member of the Spinco Group to the extent eligibility for or level of benefits thereunder is
dependent upon length of service, including the Spinco vacation, health and welfare, sick leave and retiree medical and life programs, if any. 
 “Spinco Service Provider,” except as otherwise set forth on Schedule 1.1(b), shall mean any individual (or any beneficiary, dependent, or alternate payee of such individual, as the
context requires) providing services to any member of the Spinco Group on or after January 1, 2014 (including any individual who is, or was, classified by Parent as an independent contractor, temporary employee, temporary service worker,
consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker or in any other employment, non-employment, or retainer arrangement or relationship), other than a Parent Employee or Spinco Employee.

 “Spinco Stock Plans” shall mean, collectively, the Spinco Equity Compensation Plan and the Spinco Employee
Stock Award Program. 
 Section 1.2 References; Interpretation. References in this Agreement to any gender include
references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include”, “includes” and “including” when used in this
Agreement shall be deemed to be followed by the phrase “without limitation”. Unless the context otherwise requires, references in this Agreement to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and
Sections of, and Exhibits and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof”, “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this
Agreement in its entirety and not to any particular Article, Section or provision of this Agreement. 
 ARTICLE II 

GENERAL PRINCIPLES 
 Section 2.1 Employees; Assumption and Retention of Liabilities; Related Assets. 
 (a) Parent shall take all actions necessary such that no later than the Distribution Date (to the extent not already so employed as of the date hereof), all Parent Employees are employed by a member of
the Parent Group and all Spinco Employees are employed by a member of the Spinco Group. [Except as otherwise set forth on Schedule 2.1(a),] no action taken pursuant this Section 2.1(a) shall constitute a termination of employment or
separation from service for purposes of any Parent Benefit Plan or Spinco Benefit Plan. 
 (b) As of the Distribution Date (to
the extent not already assumed, retained, paid, performed or discharged, as applicable, as of the date hereof), except as otherwise expressly 

  
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provided for in this Agreement, Parent shall, or shall cause one or more members of the Parent Group to, assume or retain, as applicable, and pay, perform, fulfill and discharge, in due course in
full (i) all Liabilities and all applicable obligations under or with respect to all Parent Benefit Plans, (ii) all Liabilities (excluding Liabilities incurred under a Benefit Plan except as otherwise provided in this Agreement) with
respect to the employment, service, termination of employment or termination of service of all Parent Participants, in each case to the extent arising in connection with or as a result of employment with or the performance of services prior to the
Distribution Date for any member of the Parent Group or the Spinco Group, and (iii) any other Liabilities or obligations expressly assigned to Parent or any of its Affiliates under this Agreement. 

(c) As of the Distribution Date (to the extent not already assumed, retained, paid, performed or discharged, as applicable, as of the
date hereof), except as otherwise expressly provided for in this Agreement, Spinco shall, or shall cause one or more members of the Spinco Group to, assume or retain, as applicable, and pay, perform, fulfill and discharge, in due course in full
(i) all Liabilities and all applicable obligations under or with respect to all Spinco Benefit Plans, (ii) all Liabilities (excluding Liabilities incurred under a Benefit Plan except as otherwise provided in this Agreement) with respect to
the employment, service, termination of employment or termination of service of all Spinco Participants, in each case to the extent arising in connection with or as a result of employment with or the performance of services prior to the Distribution
Date for any member of the Parent Group or the Spinco Group, and (iii) any other Liabilities or obligations expressly assigned to Spinco or any of its Affiliates under this Agreement. 

(d) From time to time after the Distribution Date, the Parties shall promptly reimburse one another, upon reasonable request of the Party
requesting reimbursement and the presentation by such Party of such substantiating documentation as the other Party shall reasonably request, for the cost of any obligations or Liabilities satisfied or assumed by the Party requesting reimbursement
or its Affiliates that are, or that have been made prior or pursuant to this Agreement, the responsibility of the other Party or any of its Affiliates. Any such request for reimbursement must be made not later than December 31, 2014.

 (e) Parent shall retain responsibility for all employee-related regulatory filings for reporting periods ending at or prior
to the Distribution Date, except for Equal Employment Opportunity Commission EEO-1 reports and affirmative action program (AAP) reports and responses to Office of Federal Contract Compliance Programs (OFCCP) submissions, for which Parent will
provide data and information (to the extent permitted by applicable Laws and consistent with Section 10.1) to Spinco, who will be responsible for making such filings in respect of Spinco Employees and Former Spinco Employees. 

(f) Except as otherwise expressly provided for in this Agreement or as otherwise expressly agreed to in writing between the Parties,
Parent shall be responsible for all regulatory filings with respect to the Parent Benefit Plans, and Spinco shall be responsible for all regulatory filings with respect to the Spinco Benefit Plans. 

Section 2.2 Participation in Parent Benefit Plans. Except as otherwise expressly provided for in this Agreement or as
otherwise expressly agreed to in writing between the Parties, effective as of the Distribution Date (to the extent that such cessation has not already occurred 

  
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prior to the date hereof) (i) Spinco and each member of the Spinco Group shall cease to be a Participating Company in any Parent Benefit Plan, and (ii) each Spinco Participant shall
cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any Parent Benefit Plan (except to the extent of obligations that accrued before the Distribution Date and that are not otherwise
addressed herein), and Parent and Spinco shall take all necessary action to effectuate each such cessation. 
 Section 2.3
Allocation of Tax Deductions. Except as otherwise expressly provided for in this Agreement, effective as of the January 1, 2014, Parent shall be entitled to the benefit of the tax deduction in respect of any payroll deduction under,
contribution to, or payment by any Parent Benefit Plan, and Spinco shall be entitled to the benefit of the tax deduction with respect to any payroll deduction under, contribution to, or payment by any Spinco Benefit Plan. 

Section 2.4 Service Recognition Rules. Spinco shall give each Spinco Participant (to the extent not already given prior to
the date hereof) full credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any Spinco Benefit Plan for such Spinco Participant’s service with any member of the
Parent Group prior to the Distribution Date or January 1, 2014, as applicable, to the same extent such service was recognized by the applicable Parent Benefit Plans immediately prior to the Distribution Date or January 1, 2014, as
applicable; provided, that, such service shall not be recognized to the extent that such recognition would result in the duplication of benefits. Parent shall provide appropriate data to Spinco regarding such past service. 

Section 2.5 Collective Bargaining Agreements. No later than the Distribution Date (to the extent not already assumed prior to
the date hereof), Spinco shall or shall cause one of its affiliates to assume and honor the (i) Agreement between Kansas Gas Service and Local Unions No. 12561, No. 13417, No. 14228 of United Steelworkers, effective
October 28, 2011 to October 28, 2016 and (ii) Agreement between Kansas Gas Service and Local Union No. 304 of International Brotherhood of Electrical Workers, effective July 1, 2010 to June 30, 2014, and any amendments,
side letters, memorandums of understanding, or supplements to any of those agreements, in effect as of the Distribution Date. 

ARTICLE III 

QUALIFIED DEFINED BENEFIT PLANS 
 Section 3.1 Spinco Retirement Plan. 
 (a) Establishment of the
Spinco Retirement Plan. Spinco [has established] a defined benefit plan for the benefit of Spinco Participants (the “Spinco Retirement Plan”). Spinco shall take all necessary, reasonable and appropriate action to maintain and
administer the Spinco Retirement Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt from U.S. federal income tax under Section 501(a) of the Code. Spinco shall be responsible for
any and all Liabilities and other obligations with respect to the Spinco Retirement Plan. 

  
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 (b) Transfer of Parent Retirement Plan Assets. Not later than ninety (90) days
following the Distribution Date (or such later time as mutually agreed by Parent and Spinco, and to the extent not already transferred prior to the date hereof), Parent shall cause the Liabilities attributable to Spinco Participants under the Parent
Retirement Plan to be transferred to the Spinco Retirement Plan, and Spinco shall cause the Spinco Retirement Plan to accept such transfer and, effective as of the date of such transfer, to assume and to fully perform, pay and discharge, all
obligations of the Parent Retirement Plan relating to Spinco Participants. Not later than ninety (90) days following the Distribution Date (or such later time as mutually agreed by Parent and Spinco, and to the extent not already transferred
prior to the date hereof), Parent shall use commercially reasonable efforts to cause to be transferred to the master trust established as a funding mechanism for the Spinco Retirement Plan Assets under the Parent Retirement Plan having a fair market
value equal to the minimum amount required to be transferred in accordance with Section 414(l) of the Code, using interest rates and other assumptions determined by Parent’s actuaries for such purposes. The Parties acknowledge that
additional adjustments to the amount of Assets transferred pursuant to the preceding sentence may be necessary in order to satisfy the requirements of Section 414(l) of the Code, and the Parties agree to cooperate and use commercially
reasonable efforts to complete any necessary transfers of additional Assets prior to December 31, 2014. Assets to be transferred pursuant to this Section 3.1(b) shall be in kind and/or in cash, as determined by the Parent Retirement
Plans’ fiduciaries in their sole discretion; provided, that, any Assets to be transferred to the Spinco Retirement Plan shall be reduced by an amount equal to the amount paid by the Parent Retirement Plan in respect of Spinco
Participants between the Distribution Date and the date Assets are transferred to the Spinco Retirement Plan pursuant to this Section 3.1(b). 
 (c) Regulatory Filings. In connection with the transfer of Assets and Liabilities from the Parent Retirement Plan to the Spinco Retirement Plan pursuant to this Section 3.1, Parent and Spinco
shall cooperate in making any and all appropriate filings required under the Code, ERISA or other applicable law, and take all such action as may be necessary and appropriate to cause such transfer to take place as described in Section 3.1(b)
above. 
 (d) Continuation of Elections. As of the Distribution Date (to the extent not already recognized and maintained
prior to the date hereof), Spinco shall cause the Spinco Retirement Plan to recognize and maintain, to the extent practicable, all existing elections, including beneficiary designations, payment form elections and rights of alternate payees under
qualified domestic relations orders with respect to Spinco Participants under the Parent Retirement Plan. 
 Section 3.2
Texas Gas Service Company Employees Retirement Income Plan. Spinco acknowledges that it has assumed sponsorship of the ONEOK, Inc. Texas Gas Service Company Employees Retirement Income Plan (the “TGS Retirement Plan”) and all
obligations and Liabilities thereunder or relating thereto. Not later than ninety (90) days following the Distribution Date (or such later time as mutually agreed by Parent and Spinco, and to the extent not already transferred prior to the date
hereof), Parent shall cause to be transferred to the master trust established as a funding mechanism for the TGS Retirement Plan all Assets of the TGS Retirement Plan. 

  
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 ARTICLE IV 
 QUALIFIED DEFINED CONTRIBUTION PLANS 
 Section 4.1 Spinco 401(k) Thrift
Plan. 
 (a) Establishment of the Spinco 401(k) Thrift Plan. Spinco [has established] a defined contribution plan for
the benefit of Spinco Participants substantially identical to the Parent 401(k) Thrift Plan (the “Spinco 401(k) Thrift Plan”). Spinco shall take all necessary, reasonable and appropriate action to maintain and administer the Spinco
401(k) Thrift Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt from U.S. federal income tax under Section 501(a) of the Code. Except as otherwise provided in this Agreement,
Spinco shall be responsible for any and all Liabilities and other obligations with respect to the Spinco 401(k) Thrift Plan. 

(b) Transfer of the Parent 401(k) Thrift Plan Assets. Not later than ninety (90) days following the Distribution Date (or
such later time as mutually agreed by Parent and Spinco, and to the extent not already transferred prior to the date hereof) (the “Thrift Plan Transfer Date”), Parent shall cause the accounts (including any outstanding loan balances
and forfeitures) in the Parent 401(k) Thrift Plan attributable to Spinco Participants and all of the Assets in the Parent 401(k) Thrift Plan related thereto, to be transferred in-kind to a master trust established as a funding mechanism for the
Spinco 401(k) Thrift Plan, and Spinco shall cause such master trust to accept such transfer of accounts and underlying Assets and, effective as of the Thrift Plan Transfer Date, to assume and to fully perform, pay and discharge, all obligations of
the Parent 401(k) Thrift Plan relating to the accounts of Spinco Participants (to the extent the Assets related to those accounts are actually transferred from the Parent 401(k) Thrift Plan to the Spinco 401(k) Thrift Plan), except as otherwise
provided in this Agreement. 
 (c) Continuation of Elections. As of the Distribution Date (to the extent not already
recognized and maintained prior to the date hereof), Spinco shall cause the Spinco 401(k) Thrift Plan to recognize and maintain all Parent 401(k) Thrift Plan elections, including, but not limited to, deferral, investment, and payment form elections,
dividend elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to Spinco Participants, to the extent such election or designation is available under the Spinco 401(k) Thrift
Plan. 
 (d) Contributions for Spinco Participants. All contributions payable to the Parent 401(k) Thrift Plan with
respect to employee deferrals and contributions, matching contributions and other contributions for Spinco Participants through December 31, 2013, determined in accordance with the terms and provisions of the Parent 401(k) Thrift Plan, ERISA
and the Code, shall be paid by Parent to the Parent 401(k) Thrift Plan prior to the Thrift Plan Transfer Date. 
 (e) Loan
Repayment. Prior to the Thrift Plan Transfer Date, Parent and Spinco shall jointly develop a process to permit Spinco Employees who have loans outstanding under the Parent 401(k) Thrift Plan to continue to make periodic repayments on such
outstanding loans until the Thrift Plan Transfer Date through a reduction of salary paid by Spinco and Spinco remitting such payments to the Parent 401(k) Thrift Plan on a timely basis. 

  
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 Section 4.2 Spinco Profit Sharing Plan. 

(a) Establishment of the Spinco Profit Sharing Plan. Spinco [has established] a defined contribution plan for the benefit of
Spinco Participants substantially identical to the Parent Profit Sharing Plan (the “Spinco Profit Sharing Plan”). Spinco shall take all necessary, reasonable and appropriate action to maintain and administer the Spinco Profit
Sharing Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt from U.S. federal income tax under Section 501(a) of the Code. Except as otherwise provided in this Agreement, Spinco
shall be responsible for any and all Liabilities and other obligations with respect to the Spinco Profit Sharing Plan. 
 (b)
Transfer of the Parent Profit Sharing Plan Assets. Not later than ninety (90) days following the Distribution Date (or such later time as mutually agreed by Parent and Spinco, and to the extent not already transferred prior to the date
hereof) (the “Profit Sharing Plan Transfer Date”), Parent shall cause the accounts in the Parent Profit Sharing Plan attributable to Spinco Participants and all of the Assets in the Parent Profit Sharing Plan related thereto, to be
transferred in-kind to a master trust established as a funding mechanism for the Spinco Profit Sharing Plan, and Spinco shall cause such master trust to accept such transfer of accounts and underlying Assets and, effective as of the Profit Sharing
Plan Transfer Date, to assume and to fully perform, pay and discharge, all obligations of the Parent Profit Sharing Plan relating to the accounts of Spinco Participants (to the extent the Assets related to those accounts are actually transferred
from the Parent Profit Sharing Plan to the Spinco Profit Sharing Plan), except as otherwise provided in this Agreement. 
 (c)
Continuation of Elections. As of the Distribution Date (to the extent not already recognized and maintained prior to the date hereof), Spinco shall cause the Spinco Profit Sharing Plan to recognize and maintain all Parent Profit Sharing Plan
elections, including, but not limited to investment, and payment form elections, dividend elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to Spinco Participants, to the
extent such election or designation is available under the Spinco Profit Sharing Plan. 
 (d) Contributions for Spinco
Participants. All contributions payable to the Parent Profit Sharing Plan with respect to Spinco Participants on account of service through December 31, 2013, determined in accordance with the terms and provisions of the Parent Profit
Sharing Plan, ERISA and the Code, shall be paid by Parent to the Parent Profit Sharing Plan prior to the Profit Sharing Plan Transfer Date. 
 Section 4.3 Compliance. 
 (a) General. Any transfer of Assets
pursuant to Section 4.1(b) or 4.2(b) above shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(1)-1, and Section 208 of ERISA. Parent shall take all actions necessary to comply with
the blackout notice requirements of ERISA Section 101(i) and its related regulations in connection with the transfers of Assets and Liabilities pursuant to Section 4.1(b) or 4.2(b) above. 

  
 12 

 (b) Regulatory Filings. In connection with the transfers of Assets and Liabilities
pursuant to Sections 4.1(b) and 4.2(b) above, Parent and Spinco shall cooperate in making any and all appropriate filings required under the Code, ERISA or other applicable law, and take all such action as may be necessary and appropriate to cause
such transfers to take place as described in Sections 4.1(b) and 4.2(b) above. 
 Section 4.4 Employer Securities.
On or before the Distribution Date (to the extent not already amended prior to the date hereof), Parent shall amend the Parent 401(k) Thrift Plan and the Parent Profit Sharing Plan to address the extent to which Spinco Common Stock will remain an
investment alternative thereunder after the Distribution Date. On or before the Distribution Date (to the extent not already amended prior to the date hereof), Spinco shall amend the Spinco 401(k) Plan and the Spinco Profit Sharing Plan to address
the extent to which Parent Common Stock will remain an investment alternative thereunder after the Distribution Date. 
 ARTICLE
V 
 HEALTH AND WELFARE AND OTHER BENEFIT PLANS 
 Section 5.1 Health and Welfare Plans Maintained by Parent Prior to the Distribution Date. 
 (a) Establishment of Welfare Plans. Parent or one or more of its Affiliates maintain health and welfare plans (the “Parent Welfare Plans”) for the benefit of eligible Parent
Participants. Spinco [has adopted], for the benefit of eligible Spinco Participants, health and welfare plans substantially identical to the Parent Welfare Plans (collectively, the “Spinco Welfare Plans”), and Spinco Participants
are no longer eligible for coverage or benefits under the Parent Welfare Plans. 
 (b) Terms of Participation in Spinco
Welfare Plans. Spinco shall use commercially reasonable efforts to cause all Spinco Welfare Plans (to the extent not already waived or taken into account, as applicable, prior to the date hereof) to (i) waive all limitations as to
preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to Spinco Participants, other than limitations that were in effect with respect to Spinco participants as of
December 31, 2013 under the Parent Welfare Plans, and (ii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Spinco Participant to the extent such Spinco Participant had
satisfied any similar limitation under the analogous Parent Welfare Plan as of December 31, 2013. 
 (c) Employees on
Leave. Notwithstanding any other provision of this Agreement to the contrary, from and after January 1, 2014, Spinco shall assume Liability for payment of any sickness benefits or health and welfare coverage with respect to Spinco Employees
and Former Spinco Employees, and Parent shall have no further responsibility for such disabled employees or employees on approved leave after January 1, 2014. 

  
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 (d) COBRA and HIPAA. Notwithstanding anything set forth in Section 2.1 above,
Parent shall retain responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to Former Spinco Employees who, prior to January 1, 2014, were covered under a Parent Welfare Plan pursuant to
COBRA. Parent shall be responsible for administering compliance with any certificate of creditable coverage requirements of HIPAA or Medicare applicable to the Parent Welfare Plans with respect to Spinco Participants. The Parties hereto agree that
neither the Distribution nor any transfers of employment that occur in connection with and on or prior to the Distribution shall constitute a COBRA qualifying event for purposes of COBRA; provided, that, in all events, Spinco shall
assume, or shall have caused the Spinco Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to Spinco Employees who, on or after January 1, 2014, incur a
qualifying event for purposes of COBRA. 
 (e) Retiree Medical and Life Insurance Benefits. 

(i) Spinco Participants. Spinco Participants are no longer eligible or potentially eligible (as applicable) for retiree medical
or life insurance benefits under the Parent Welfare Plans and are instead eligible or potentially eligible (as applicable) for such benefits under a corresponding Spinco Welfare Plan. Spinco shall assume and fully perform, pay and discharge, all
obligations of the Parent Welfare Plans relating to retiree medical and life insurance benefits of Spinco Participants. Where applicable (and to the extent not already transferred prior to the date hereof), Parent shall transfer the account balances
for Spinco Participants previously established under the Parent Retiree Reimbursement Account Plan to the Spinco Retiree Reimbursement Account Plan. 
 (ii) Retiree Benefits Under the Spinco Welfare Plans. This Section 5.1(e) is not intended to create any obligation to provide benefits to any person, but rather, is intended merely to allocate
such obligations to the extent they may already exist. To the extent that retiree medical and life insurance benefits are offered to Spinco Participants under the Spinco Welfare Plans pursuant to this Section 5.1(e), such benefits shall be
substantially comparable, in the aggregate, to the applicable terms of the retiree medical and life insurance benefits provided to such Spinco Participants under the Parent Welfare Plans as of December 31, 2013. 

(iii) Transfer of Assets. No later than ninety (90) days following the Distribution Date (or such later time as mutually
agreed by Parent and Spinco, and to the extent not already transferred prior to the date hereof), (i) Parent shall cause an amount of Assets held in the 1997 VEBA that bears the same ratio to the total Assets held in the 1997 VEBA that
obligations being assumed by Spinco for retiree medical benefits of Spinco Participants under the Parent Welfare Plans bear to all obligations for retiree medical benefits under the Parent Welfare Plans to be transferred from 1997 VEBA to a
corresponding voluntary employee beneficiary association to be established with respect to the Spinco Welfare Plans, and Spinco shall cause such voluntary employee beneficiary association to accept such transfer, provided that Parent shall use
commercially reasonable efforts to cause the reinsurance contract held by the 1997 VEBA pursuant to EIS Program 15 to be split into two contracts, one owned by Parent and one owned by Spinco and (ii) Parent shall transfer the 2005 VEBA to
Spinco. 

  
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 (f) Liabilities. 

(i) Insured Benefits. With respect to employee welfare and fringe benefits that are provided through the purchase of insurance,
Parent shall timely pay all premiums in respect of coverage of Spinco Participants in respect of the period before January 1, 2014, and Spinco shall be responsible for all premiums in respect of coverage of Spinco Participants in respect of
periods on or after January 1, 2014. Spinco shall cause Parent not to have any liability in respect of any and all claims of Spinco Participations that are incurred under the Spinco Welfare Plans on or after January 1, 2014. 

(ii) Self-Insured Benefits. With respect to employee welfare and fringe benefits that are provided on a self-insured basis,
(A) Parent shall fully perform, pay and discharge, under the Parent Welfare Plans, all claims of Spinco Participants that are incurred but not paid prior to January 1, 2014 (and Parent shall retain any reserve in respect of such claims
that may exist as of January 1, 2014) and (B) Spinco shall fully perform, pay and discharge, under the Spinco Welfare Plans, from and after January 1, 2014, all claims of Spinco Participants that are incurred on or after
January 1, 2014. 
 (iii) Incurred Claim Definition. For purposes of this Section 5.1(f), a claim or Liability
is deemed to be incurred (A) with respect to medical, dental, vision and/or prescription drug benefits, upon the rendering of health services giving rise to such claim or Liability; (B) with respect to life insurance, accidental death and
dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability; and (C) with respect to disability benefits, upon the date, as determined by the disability benefit insurance carrier
or claim administrator, of an individual’s disability giving rise to such claim or Liability. 
 (iv) Claim
Experience. Claims of Spinco Participants under the Parent Welfare Plans that are incurred but unpaid as of December 31, 2013 may be submitted to the Spinco Welfare Plans for payment, provided that Parent shall reimburse Spinco or the
Spinco Welfare Plans, as applicable, for any payments made by Spinco or the Spinco Welfare Plans with respect to such incurred but unpaid claims. Notwithstanding the foregoing, the Parties shall take any action necessary to ensure that any claims
experience under the Parent Welfare Plans attributable to Spinco Participants shall be available to the Spinco Welfare Plans. 

(g) Continuation of Elections. With respect to Spinco Participants, as of the Distribution Date (to the extent not already
recognized prior to the date hereof), Spinco shall cause each Spinco Welfare Plan to recognize all elections and designations (including all coverage and contribution elections, beneficiary designations and wellness program designations such as
those related to surcharges and screenings) made by or with respect to Spinco Participants under, or with respect to, the Spinco Welfare Plans or the corresponding Parent Welfare Plan, as applicable, and apply such elections and designations under
the Spinco Welfare Plan for the remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent an election or designation made under a particular Parent Welfare Plan is available
under the corresponding Spinco Welfare Plan. 

  
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 (h) Kansas Gas Service Plans. Spinco acknowledges that it has assumed sponsorship of
all health and welfare plans maintained for union-represented employees and former employees of Kansas Gas Service effective as of January 1, 2014, and all obligations and Liabilities thereunder or relating thereto. 

Section 5.2 Time-Off Benefits. Spinco shall credit each Spinco Participant with the amount of accrued but unused vacation
time, sick time and other time-off benefits as such Spinco Participant had with the Parent Group as of January 1, 2014. Notwithstanding the above, Spinco shall not be required to credit any Spinco Participant with any accrual to the extent that
a benefit attributable to such accrual is provided by the Parent Group. 
 Section 5.3 Other Benefit Plans.
Effective on or after the Distribution Date, Spinco shall adopt, or to cause a Spinco Affiliate to adopt, for the benefit of eligible Spinco Participants, severance plans that are substantially similar to the change-in-control severance plans
maintained by Parent immediately prior to the Distribution. 
 ARTICLE VI 

NONQUALIFIED RETIREMENT PLANS 
 Section 6.1 Spinco Supplemental Executive Retirement Plan. 
 (a)
Establishment of the Spinco Supplemental Executive Retirement Plan. Spinco [has established] a supplemental executive retirement plan to provide each Spinco Participant who was a participant in the Parent Supplemental Executive Retirement
Plan with benefits in respect of service and compensation substantially similar to those accrued with respect to such person under the Parent Supplemental Executive Retirement Plan as of December 31, 2013 (the “Spinco Supplemental
Executive Retirement Plan”). The terms of the Spinco Supplemental Executive Retirement Plan shall be substantially identical to those of the Parent Supplemental Executive Retirement Plan as of December 31, 2013. Spinco shall be
responsible for any and all Liabilities and other obligations with respect to the Spinco Supplemental Executive Retirement Plan, and Spinco shall assume and fully perform, pay and discharge, all obligations of the Parent Supplemental Executive
Retirement Plan relating to Spinco Participants. 
 (b) Establishment of Spinco Pre-2005 Supplemental Executive Retirement
Plan. Spinco [has established] a supplemental executive retirement plan for the benefit of Spinco Participants substantially identical to the Parent Pre-2005 Supplemental Executive Retirement Plan (the “Spinco Pre-2005 Supplemental
Executive Retirement Plan”). Spinco shall be responsible for any and all Liabilities and other obligations with respect to the Spinco Pre-2005 Supplemental Executive Retirement Plan, and Spinco shall assume and fully perform, pay and
discharge, all obligations of the Parent Pre-2005 Supplemental Executive Retirement Plan relating to Spinco Participants. 

  
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 Section 6.2 Spinco Nonqualified Deferred Compensation Plan. 

(a) Establishment of the Spinco Nonqualified Deferred Compensation Plan. Spinco [has established] a nonqualified deferred
compensation plan for the benefit of Spinco Participants substantially identical to the Parent Nonqualified Deferred Compensation Plan (the “Spinco Nonqualified Deferred Compensation Plan”). Spinco shall be responsible for any and
all Liabilities and other obligations with respect to the Spinco Nonqualified Deferred Compensation Plan, and Spinco shall assume and fully perform, pay and discharge, all obligations of the Parent Nonqualified Deferred Compensation Plan relating to
Spinco Participants. 
 (b) Treatment of Spinco Pre-2005 Nonqualified Deferred Compensation Plan. Spinco [has
established] a nonqualified deferred compensation plan for the benefit of Spinco Participants substantially identical to the Parent Pre-2005 Nonqualified Deferred Compensation Plan (the “Spinco Pre-2005 Nonqualified Deferred Compensation
Plan”). Spinco shall be responsible for any and all Liabilities and other obligations with respect to the Spinco Pre-2005 Nonqualified Deferred Compensation Plan, and Spinco shall assume and fully perform, pay and discharge, all obligations
of the Parent Pre-2005 Nonqualified Deferred Compensation Plan relating to Spinco Participants. 
 Section 6.3
Continuation of Elections. Commencing on January 1, 2014, the Spinco Nonqualified Plans (i) have recognized and honored all deferral, investment and distribution elections in effect as of December 31, 2013 and honored under the
Parent Nonqualified Plans with respect to Spinco Participants, and (ii) shall continue to honor all such elections to the extent required to comply with Code Section 409A. 

Section 6.4 Transfer of Assets to Spinco Nonqualified Plan Rabbi Trust. 

(a) On or prior to the Distribution Date (or such later time as agreed to by Parent and Spinco, and to the extent not already established
prior to the date hereof), Spinco shall, or shall have caused one of its Affiliates to, establish a trust in a form that is substantially comparable to the Parent Nonqualified Plan Rabbi Trust as in effect as of December 31, 2013. In connection
with the assumption of the Liabilities under the Parent Nonqualified Plans in respect of Spinco Participants, Parent shall, not later than ninety (90) days following the Distribution Date (or such later time as mutually agreed by Parent and
Spinco, and to the extent nor transferred prior to the date hereof), transfer Assets in an amount equal to the funded percentage of such Liabilities as of the Distribution Date, to the Spinco Nonqualified Plan Rabbi Trust as of the Distribution
Date. The amount of Assets to be so transferred shall be determined by the actuary selected by Parent. 
 (b) Without limiting
the generality of the foregoing, the Assets to be transferred to the Spinco Nonqualified Plan Rabbi Trust pursuant to Section 6.4(a), above, shall include, to the maximum extent practicable, any life insurance policies held by the Parent
Nonqualified Plan Rabbi Trust with respect to which any Spinco Participant is the insured. 

  
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 ARTICLE VII 
 LONG-TERM INCENTIVE AWARDS 
 Section 7.1 Adoption of Spinco Stock
Plans. Effective as of the Distribution Date, Spinco shall adopt the Spinco Stock Plans which shall permit the issuance of Spinco Common Stock to Spinco Employees and directors pursuant to the terms thereof. 

(a) Spinco Equity Compensation Plan. Effective as of the Distribution Date, Spinco shall establish an equity compensation plan for
the benefit of eligible Spinco Participants that is substantially similar to the Parent Equity Compensation Plan (the “Spinco Equity Compensation Plan”). Prior to the Distribution Date (to the extent not already approved prior to
the date hereof), Parent, as the sole stockholder of Spinco, shall approve the Spinco Equity Compensation Plan. 
 (b) Spinco
Employee Stock Award Program. Effective as of the Distribution Date, Spinco shall establish an employee stock award program for the benefit of Spinco Participants that is substantially similar to the Parent Employee Stock Award Program (the
“Spinco Employee Stock Award Program”). Prior to the Distribution Date (to the extent not already approved prior to the date hereof), Parent, as the sole stockholder of Spinco, shall approve the Spinco Employee Stock Award Program.

 (c) Spinco Employee Stock Purchase Plan. 
 (i) Effective as of the Distribution Date, Spinco shall establish an employee stock purchase plan for the benefit of Spinco Employees that is substantially similar to the Parent Employee Stock Purchase
Plan (the “Spinco Employee Stock Purchase Plan”). Prior to the Distribution Date (to the extent not already approved prior to the date hereof), Parent, as the sole stockholder of Spinco, shall approve the Spinco Employee Stock
Purchase Plan. 
 (ii) Unless otherwise decided by Parent in its sole discretion, each Spinco Participant’s outstanding
right to purchase shares of Parent Common Stock pursuant to the Parent Employee Stock Purchase Plan in the open offering period during which the Distribution Date occurs shall terminate immediately prior to the Distribution Date, provided that all
amounts allocated to each Spinco Participant’s payroll deduction account shall be used to purchase shares of Parent Common Stock at the applicable price determined under the terms of the Parent Employee Stock Purchase Plan at the close of the
then-open offering period. Each Spinco Participant’s payroll deductions and other contributions under the Parent Employee Stock Purchase Plan shall cease at the close of the last payroll cycle prior to the Distribution Date. Spinco shall be
entitled to the benefit of any tax deduction in respect of each Spinco Participant’s payroll deductions and other contributions under the Parent Employee Stock Purchase Plan that are deducted or contributed with respect to the period on or
after January 1, 2014. 
 (iii) Each Parent Participant’s outstanding right to purchase shares of Parent Common Stock
pursuant to the Parent Employee Stock Purchase Plan in the open offering period during which the Distribution Date occurs shall be equitably adjusted as deemed necessary and appropriate by the Parent Board (or any duly authorized committee or
representative thereof) to reflect the Distribution. 

  
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 Section 7.2 Treatment of Outstanding Parent Equity Incentive Awards. The Parties
shall use commercially reasonable efforts to take all actions necessary or appropriate so that each outstanding Parent Restricted Stock Unit and Parent Performance Unit shall be adjusted as set forth in this Section 7.2. 

(a) Parent Restricted Stock Units granted during 2011. Except as set forth in Section 7.2(e), if the Distribution Date occurs
prior to February 17, 2014, each unvested Parent Restricted Stock Unit granted during 2011 and held by either a Parent Participant or a Spinco Participant on a date to be determined by the Parent Board shall vest in full on such date and be
satisfied by Parent in accordance with the terms of the Parent Long-Term Incentive Plan, but in any event no later than the Distribution Record Date. 
 (b) Parent Restricted Stock Units granted during 2012 and 2013. 
 (i)
Held by Parent Participants. Except as set forth in Section 7.2(e), each Parent Restricted Stock Unit that was granted by Parent during 2012 and 2013, that remains outstanding immediately prior to the Distribution Date, and is held by a
Parent Participant, shall be converted as of the Distribution Date into an adjusted Parent Restricted Stock Unit. The number of adjusted Parent Restricted Stock Units shall be equal to the number of Parent Restricted Stock Units held by the Parent
Participant that are outstanding immediately prior to the Distribution Date, multiplied by the Parent Ratio and rounded down to the nearest whole unit. All adjusted Parent Restricted Stock Units shall become vested upon the date the Parent
Restricted Stock Units would have otherwise vested in accordance with the existing vesting schedule. 
 (ii) Held by Spinco
Participants. Except as set forth in Section 7.2(e), each Parent Restricted Stock Unit that was granted by Parent during 2012 and 2013, that remains outstanding immediately prior to the Distribution Date, and is held by a Spinco
Participant, shall be cancelled as of the Distribution Date and replaced by an award of Spinco Restricted Stock Units equal to the number of Parent Restricted Stock Units held by the Spinco Participant that are outstanding immediately prior to the
Distribution Date, multiplied by the Spinco Ratio and rounded down to the nearest whole unit. The replacement Spinco Restricted Stock Units shall vest on the date the Parent Restricted Stock Units would have otherwise vested in accordance with the
existing vesting schedule. 
 (iii) Except as otherwise provided herein, the terms and conditions applicable to the adjusted
Parent Restricted Stock Units and Spinco Restricted Stock Units, respectively, shall be substantially similar to the terms and conditions applicable to the corresponding pre-Distribution Parent Restricted Stock Unit (taking into account changes in
the identity of the employer, including for purposes of determining whether a change in control has occurred). 
 (c)
Treatment of Outstanding Parent Performance Units Granted During 2011. Except as set forth in Section 7.2(e), if the Distribution Date occurs prior to February 17, 2014, each unvested Parent Performance Unit granted during 2011 and
held by either a Parent Participant or a Spinco Participant on a date to be determined by the Parent Board shall vest in full and the applicable performance period shall end on such date, and the amount payable, if any, shall

  
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equal the total number of Parent Common Shares that would have been issued to the participant for the full performance period, determined using actual performance results as of such date, and
shall be paid by Parent in accordance with the terms of the Parent Equity Compensation Plan, but in any event no later than the Distribution Record Date. 
 (d) Treatment of Outstanding Parent Performance Units Granted During 2012 and 2013. 
 (i) Held by Parent Participants. Except as set forth in Section 7.2(e), each Parent Performance Unit that was granted by Parent during 2012 and 2013, that remains outstanding immediately prior
to the Distribution Date, and is held by a Parent Participant, shall be converted as of the Distribution Date into an adjusted Parent Performance Unit. The target number of shares subject to the adjusted Parent Performance Units shall be equal to
the target number of shares subject to the Parent Performance Units held by the Parent Participant that are outstanding immediately prior to the Distribution Date, multiplied by the Parent Ratio and rounded down to the nearest whole unit. The amount
payable, if any, with respect to the Parent Performance Units shall otherwise be determined and paid by Parent in accordance with the terms of the Parent Equity Compensation Plan. [In addition, the Parent Board (or any duly authorized committee or
representative thereof) may approve further equitable adjustments to such Parent Performance Units to reflect the Distribution as it deems appropriate, including, but not limited to, adjustments to the applicable performance metrics to reflect the
Distribution.] 
 (ii) Held by Spinco Participants. Except as set forth in Section 7.2(e), each Parent Performance
Unit that was granted by Parent during 2012 and 2013, that remains outstanding immediately prior to the Distribution Date, and is held by a Spinco Participant, shall be cancelled as of the Distribution Date and replaced with new Spinco Performance
Units granted in accordance with the Spinco Equity Compensation Plan, as described (i) in subsection (A) below, with respect to the period between the grant date and the Distribution Date, and (ii) subsection (B) below, with
respect to the period between the Distribution Date and the original end of the performance period with respect to the Parent Performance Unit. 
 (A) The number of new Spinco Performance Units that shall be granted with respect to the period between the grant date and the Distribution Date shall equal the total number of Parent Common Shares which
would have been issued to the participant for the full performance period, determined using actual performance results as of the Distribution Date, multiplied by both (a) the Spinco Ratio, and (b) a fraction, the numerator of which is the
number of days elapsed between the grant date and the Distribution Date, and the denominator of which is the total number of days in the applicable performance period, rounded down to the nearest whole share. Each new Spinco Performance Unit granted
in accordance with this subsection (A) shall vest on the last day of the performance period to which it relates based on the participant’s service with a member of the Spinco Group through such date, and shall otherwise have the same terms
and conditions as the corresponding pre-Distribution Parent Performance Unit. 
 (B) The number of new Spinco Performance Units
that shall be granted with respect to the period between the Distribution Date and the original end of the 

  
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performance period with respect to the Parent Performance Unit shall equal the target number of Parent Common Shares which would have been issued to the participant for the full performance
period, multiplied by both (a) the Spinco Ratio, and (b) a fraction, the numerator of which is the number of days elapsed between the Distribution Date and the last day of the performance period, and the denominator of which is the total
number of days in the applicable performance period, rounded down to the nearest whole share. Such new Spinco Performance Units shall provide for payment determined using actual performance results from the Distribution Date until the last day of
the performance period to which it relates, based on performance criteria to be established by Spinco in accordance with the Spinco Equity Compensation Plan. Each new Spinco Performance Units granted in accordance with this subsection (B) shall
otherwise have the same terms and conditions as the corresponding pre-Distribution Parent Performance Unit. 
 (e) Deferred
and Phantom Share Accounts. With respect to the deferred and phantom share accounts maintained under the Parent Stock Plans in connection with the deferral by participants of the issuance of Parent Common Stock that would have otherwise been
issued upon vesting of Parent Restricted Stock Units and Parent Performance Units, (1) such deferred and phantom share accounts shall be credited with units equal to that number of shares of Spinco Common Stock that would have been issuable pursuant
to the Distribution in accordance with the distribution ratio set forth in the Separation Agreement, (2) such deferred and phantom share accounts shall be maintained following the Distribution by Parent to the extent comprised of Parent units and by
Spinco to the extent comprised of Spinco units, and (3) such units shall otherwise remain subject to the prior deferral elections of the holders of such deferred and phantom share accounts and the terms of such plans. 

(f) 409A. In all events, the adjustments to the equity awards provided for in this Section 7.2 shall be made in a manner that
avoids adverse tax consequences under Code Section 409A. 
 (g) Allocation of Tax Deduction. Parent shall be
entitled to the benefit of the tax deduction in respect of any payment of any Parent Restricted Stock Unit or Parent Performance Unit. Spinco shall be entitled to the benefit of the tax deduction with respect to the payment of any Spinco Restricted
Stock Unit or Spinco Performance Unit granted to Spinco Participants pursuant to this Article VII. 
 Section 7.3
Section 16 Approval. By approving the adoption of this Agreement, the Parent Board and the board of directors of Spinco intend to exempt from the short swing profit recovery provisions of Section 16(b) of the Exchange Act, by reason
of the application of Rule 16b-3 thereunder, all acquisitions and dispositions of equity incentive awards as described in this Article VII in respect of all Parent Restricted Stock Units and Parent Performance Units held as of the date hereof (or
subsequently acquired) by individuals who serve as directors or executive officers of Parent. 
 Section 7.4 SEC
Registration. The Parties mutually agree to use commercially reasonable efforts to maintain effective registration statements with the SEC with respect to the long-term incentive awards described in this Article VII, to the extent any such
registration statement is required by applicable Law. 

  
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 Section 7.5 Tax Withholding and Reporting for Equity-Based Awards. Except as
otherwise provided under Section 8.3(c), Parent (or one of its Affiliates) will be responsible for all income, payroll, or other tax reporting related to income of Parent Employees or Former Parent Employees from equity-based awards, and Spinco
(or one of its Affiliates) will be responsible for all income, payroll, or other tax reporting related to income of Spinco Employees or Former Spinco Employees from equity-based awards. Similarly, except as otherwise provided under
Section 8.3(c), Parent will be responsible for all income, payroll, or other tax reporting related to income of its non-employee directors and Parent Service Providers from equity-based awards, and Spinco will be responsible for all income,
payroll, or other tax reporting related to income of its non-employee directors and Spinco Service Providers from equity-based awards. Further, Parent (or one of its Affiliates) shall be responsible for remitting applicable tax withholdings for
Parent Participants to each applicable taxing authority, and Spinco (or one of its Affiliates) shall be responsible for remitting applicable tax withholdings for Spinco Participants to each applicable taxing authority; provided,
however, that either Parent or Spinco shall act as agent for the other company by remitting amounts withheld in the form of shares or in conjunction with an exercise transaction to an appropriate taxing authority. Parent and Spinco
acknowledge and agree that the Parties will cooperate with each other and with third-party providers to effectuate withholding and remittance of taxes, as well as required tax reporting, in a timely, efficient, and appropriate manner. 

ARTICLE VIII 

ADDITIONAL COMPENSATION MATTERS 
 Section 8.1 Workers’ Compensation Liabilities. All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a Parent Employee, Former Parent
Employee, Spinco Employee or Former Spinco Employee that results from an accident, incident or event occurring, or from an occupational disease which becomes manifest, at, before or after January 1, 2014, shall be retained or assumed by Parent
(in respect of Parent Employees and Former Parent Employees) or Spinco (in respect of Spinco Employees or Former Spinco Employees). 
 Section 8.2 Code Sections 162(m) and 409A. Notwithstanding anything in this Agreement to the contrary (including the treatment of supplemental and deferred compensation plans, outstanding
long-term incentive awards and annual incentive awards as described herein), the Parties agree to negotiate in good faith regarding the need for any treatment different from that otherwise provided herein to (i) preserve, to the extent
possible, a federal income tax deduction for the payment of such supplemental or deferred compensation or long-term incentive award, annual incentive award or other compensation, and (ii) to ensure that the treatment of any deferred
compensation does not cause the imposition of a tax under Code Section 409A. 
 Section 8.3 Certain Payroll, Bonus
and Supplemental Plan Matters. 
 (a) Payroll of Transferring Employees. Except as otherwise mutually agreed upon in
writing by Parent and Spinco, in the case of an individual who [transferred] employment at 

  
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January 1, 2014 from Parent to Spinco, Spinco shall be responsible for paying the entire payroll amount due such individual for the first payroll cycle ending after January 1, 2014, and
for satisfying all applicable tax reporting and withholding requirements in respect of such payment; provided, that, Spinco shall withhold from that first payroll the 401(k) contributions, catch-up contributions, Roth elective deferral
contributions and after-tax deposits elected prior to January 1, 2014, by transferring employees under the Parent 401(k) Thrift Plan (“Thrift Plan Contributions”). Parent shall deposit the Thrift Plan Contributions and related
matching contributions into the Parent 401(k) Thrift Plan prior to the Thrift Plan Transfer Date, and Parent shall reimburse Spinco for the gross amount of the payroll payment (i.e., including any applicable deductions), but not including the
Thrift Plan Contributions, and for all tax withholdings remitted in respect of the portion of such payroll period ending before January 1, 2014. Parent shall be entitled to the benefit of any tax deduction in respect of its payment for the
portion of the payroll period ending before January 1, 2014. 
 (b) Annual Incentive Plans. 

(i) Payments Under the Parent Annual Incentive Plans. On or about March 1, 2014, Spinco shall pay eligible Spinco Employees
a cash bonus payment equal to the full annual bonus amount earned by such Spinco Employee for 2013 pursuant to the terms of the applicable Parent Annual Incentive Plan. Prior to the date of such payment, Parent shall provide to Spinco documentation
detailing the amount of the bonus payable to each Spinco Employee. At a time mutually agreed upon by the Parties, Parent shall pay Spinco an amount equal to the sum of the cash bonus payments paid by Spinco in accordance with this
Section 8.3(b). Parent shall be entitled to the benefit of any tax deduction in respect of the cash bonus payment pursuant to this Section 8.3(b)(i). 
 (ii) Future Annual Incentive Plans. Each of Parent and Spinco are expected to implement their own annual incentive plans for calendar year 2014 in which Parent Employees and Spinco Employees,
respectively, will participate. Spinco shall be solely responsible for funding, paying and discharging all obligations relating to any annual cash incentive awards that any Spinco Employee is eligible to receive under any Spinco annual incentive
plan with respect to payments made on account of performance periods beginning at or after January 1, 2014, and Parent shall be solely responsible for funding, paying and discharging all obligations relating to any annual cash incentive awards
that any Parent Employee is eligible to receive under any Parent Annual Incentive Plan with respect to payments made on account of performance periods beginning at or after January 1, 2014. 

(c) Forms W-2. Parent shall retain Form W-2 and other payroll reporting obligations for the 2013 calendar year for all Spinco
Employees and Former Spinco Employees. Except as otherwise set forth herein, each Party shall bear the expense of, and W-2 and other payroll reporting obligations for, all compensation payable to or on behalf of its employees, contractors, and
former employees and contractors in years subsequent to 2013. Parent and Spinco hereby agree to follow the standard procedure for United States employment tax reporting as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-35. 

  
 23 

 ARTICLE IX 
 INDEMNIFICATION 
 Section 9.1 Indemnification by Parent. Except as
otherwise specifically set forth in any provision of this Agreement or of any Ancillary Agreement, following the Effective Time, Parent shall, and shall cause the other members of the Parent Group to indemnify, defend and hold harmless Spinco’s
Indemnitees from and against any and all Indemnifiable Losses arising out of, by reason of or otherwise in connection with (i) the Retained Business EMA Liabilities or (ii) any breach by Parent or any member of the Parent Group of any
provision of this Agreement. The fact another member of the Parent Group has Assumed a Liability covered by this indemnification shall not limit or preclude Parent’s obligation with respect to that Liability under this Agreement.

 Section 9.2 Indemnification by Spinco. Except as otherwise specifically set forth in any provision of this
Agreement or of any Ancillary Agreement, following the Effective Time, Spinco shall, and shall cause the other members of the Spinco Group to indemnify, defend and hold harmless the Parent Indemnitees from and against any and all Indemnifiable
Losses arising out of, by reason of or otherwise in connection with (i) the LDC EMA Liabilities or (ii) any breach by Spinco or any member of the Spinco Group of any provision of this Agreement. 

Section 9.3 General Indemnification. Any claim for indemnification under this Agreement shall be governed by, and be subject
to, the provisions of Article VII of the Separation Agreement, which provisions are hereby incorporated by reference into this Agreement and, solely for purposes of this Agreement (i) any references to “Agreement” in such Article VII
as incorporated herein shall be deemed to be references to this Agreement and (ii) any references to “LDC Liabilities” or “Retained Business Liabilities” in such Article VII as incorporated herein shall be deemed to be
references to “LDC EMA Liabilities” and “Retained Business EMA Liabilities”, respectively. 
 ARTICLE X

 GENERAL AND ADMINISTRATIVE 
 Section 10.1 Sharing of Information. Parent and Spinco shall provide to each other and to their respective agents and vendors all information as the other may reasonably request to enable the
requesting Party to administer efficiently and accurately each of its Benefit Plans, to timely and accurately comply with and report under Section 14 of the Exchange Act, and to determine the scope of, as well as fulfill, its obligations under
this Agreement. Such information shall, to the extent reasonably practicable, be provided in the format and at the times and places requested, but in no event shall the Party providing such information be obligated to incur any out-of-pocket
expenses not reimbursed by the Party making such request or make such information available outside of its normal business hours and premises. Any information shared or exchanged pursuant to this Agreement shall be subject to the confidentiality
requirements set forth in the Separation Agreement. The Parties also hereby agree to enter into any business associate agreements with the Parent Benefit Plans or the Spinco Benefit Plan, as applicable, that may be required for the sharing of any
information pursuant to this Agreement to comply with the requirements of HIPAA. 

  
 24 

 Section 10.2 Reasonable Efforts/Cooperation. Each of the Parties hereto will use
its commercially reasonable efforts to promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and regulations to consummate the transactions contemplated by
this Agreement, including adopting plans or plan amendments. Each of the Parties hereto shall cooperate fully on any issue relating to the transactions contemplated by this Agreement for which the other Party seeks a determination letter or private
letter ruling from the Internal Revenue Service, an advisory opinion from the Department of Labor or any other filing, consent or approval with respect to or by a Governmental Entity. 

Section 10.3 Liabilities. 
 (a) Audits. In the event a government agency conducts a formal or informal inquiry, investigation or audit of a Parent Benefit Plan or a related trust, or a Spinco Benefit Plan or its related trust
that covers, in whole or in part, a time period prior to the Distribution Date, then Parent shall, or shall cause one or more members of the Parent Group to, take all actions necessary to respond to the inquiry, investigation or audit at its sole
expense, and assume, retain, pay, perform, fulfill and discharge all Liabilities relating to or arising out of the inquiry, investigation or audit. 
 (b) Claims. In the event an inquiry, demand, initial claim, claim appeal, or litigation is delivered or filed relating in whole or in part to events that occurred prior to the Distribution Date,
then Parent shall, or shall cause one or more members of the Parent Group to, take all actions necessary to respond to the inquiry, demand, initial claim, claim appeal or litigation at its sole expense, and shall assume, retain, pay, perform,
fulfill and discharge all Liabilities relating to or arising out of the inquiry, demand, initial claim, claim appeal or litigation to the extent the Liabilities arise out of time periods prior to the Distribution Date. 

Section 10.4 Spinco Benefit Plans. Spinco [has used] Spinco’s own employer identification number to establish any Spinco
Benefit Plans pursuant to this Agreement. 
 Section 10.5 Employer Rights. Nothing in this Agreement shall prohibit
any Party or any of their respective Affiliates from amending, modifying or terminating any of their respective Benefit Plans at any time within their sole discretion. 
 Section 10.6 Effect on Employment. Except as expressly provided in this Agreement, the occurrence of the Distribution alone shall not cause any employee to be deemed to have incurred a
termination of employment which entitles such individual to the commencement of benefits under any of the Parent Benefit Plans. Furthermore, nothing in this Agreement is intended to confer upon any employee or former employee of Parent or Spinco or
any of their respective Affiliates any right to continued employment, or any recall or similar rights to an individual on layoff or any type of approved leave. 

  
 25 

 Section 10.7 Consent of Third Parties. If any provision of this Agreement is
dependent on the Consent of any third party and such consent is withheld, the Parties hereto shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this
Agreement cannot be implemented due to the failure of such third party to consent, the Parties hereto shall negotiate in good faith to implement the provision in a mutually satisfactory manner. 

Section 10.8 Change in Control; Termination of Employment and Severance. The Parties acknowledge and agree that the
Separation and the assignment, transfer or continuation of the employment of Employees as contemplated by the Separation shall not: (i) entitle any Parent Employee or Spinco employee to a distribution or other payment from any Parent Benefit
Plan or Spinco Benefit Plan or (ii) entitle any Employee to any severance payments or severance benefits from any member of the Parent Group or the Spinco Group. The Parties acknowledge that the Separation will not constitute a “change in
control” for purposes of any Parent Benefit Plan or Spinco Benefit Plan in effect on the Distribution Date, or with respect to any awards, including Parent equity awards, outstanding as of the Distribution Date. 

Section 10.9 Access to Employees. Following the Effective Time, Parent and Spinco shall, or shall cause each of their
respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between the Parties) to which any employee,
director or Benefit Plan of the Parent Group or Spinco Group is a party and which relates to their respective Benefit Plans prior to the Distribution Date. The Party to whom an employee is made available in accordance with this Section 10.9
shall pay or reimburse the other Party for all reasonable expenses incurred by such employee in connection therewith, including all reasonable travel, lodging, and meal expenses, but excluding any amount for such employee’s time spent in
connection herewith. 
 Section 10.10 Beneficiary Designation/Release of Information/Right to Reimbursement. To the
extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations, alternate payee arrangements, authorizations for the release of information and rights to reimbursement made by or relating to
Spinco Participants under Parent Benefit Plans shall be transferred to and be in full force and effect under the corresponding Spinco Benefit Plans until such beneficiary designations, alternate payee arrangements, authorizations or rights are
replaced or revoked by, or no longer apply, to the relevant Spinco Participant. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.1 Effect if Certain Events do not Occur. Notwithstanding anything in this Agreement to the contrary, if the
Separation Agreement is terminated prior to the Effective Time, then all actions and events that are, under this Agreement, to be taken or occur effective prior to, as of or following the Effective Time, or otherwise in connection with the
Separation, shall not be taken or occur except to the extent specifically agreed to in writing by the Parties and neither Party shall have any Liability or further obligation to any other Party under this Agreement. 

  
 26 

 Section 11.2 Relationship of Parties. Nothing in this Agreement shall be deemed
or construed by the Parties or any third party as creating the relationship of principal and agent, partnership or joint venture between the Parties, it being understood and agreed that no provision contained herein, and no act of the Parties, shall
be deemed to create any relationship between the Parties other than the relationship set forth herein. 
 Section 11.3
Subsidiaries. Each of the Parties shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party or by any entity
that becomes a Subsidiary or Affiliate of such Party on and after the Distribution Date. The Parties acknowledge that certain actions, agreements and obligations that certain of their Affiliates and Subsidiaries may be required to perform in
connection with the performance of the Parties’ obligations under this Agreement may require Governmental Approval by Governmental Entities under applicable Law, and therefore agree that performance of such actions, agreements and obligations
is subject to the receipt of all such necessary Governmental Approvals, which approvals each Party shall, and shall cause the members of its respective Group to, use its commercially reasonable efforts to obtain. 

Section 11.4 Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been given on the next Business Day) by delivery in
person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Party or
Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 11.4): 
 To Parent: 
 ONEOK, Inc. 

100 W. 5th Street 

Tulsa, OK 74103 

Attn: General Counsel 
 Facsimile: [                    ] 

To Spinco: 

ONE Gas, Inc. 

15 E. 5th Street 

Tulsa, OK 74103 

Attn: General Counsel 
 Facsimile: [                    ] 

Section 11.5 Entire Agreement. This Agreement, the Separation Agreement, and each other Ancillary Agreement, including any
annexes, schedules and exhibits thereto, as well as any other agreements and documents referred to herein and therein, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all
previous negotiations, commitments and writings with respect to such subject matter. 

  
 27 

 Section 11.6 Waivers. The failure of any Party to require strict performance by
any other Party of any provision in this Agreement will not waive or diminish that Party’s right to demand strict performance thereafter of that or any other provision hereof. 

Section 11.7 Amendments. Subject to the terms of Section 11.8 of this Agreement, this Agreement may not be modified or
amended except by an agreement in writing signed by each Party. 
 Section 11.8 Termination. This Agreement
(including Article IX (Indemnification) hereof) may be terminated and the Distribution may be amended, modified or abandoned at any time prior to the Distribution Date by and in the sole discretion of Parent without the approval of Spinco or the
stockholders of Parent and it shall be deemed terminated if and when the Separation Agreement is terminated. In the event of such termination, neither Party shall have any Liability of any kind to the other Party or any other Person. After the
Distribution Date, this Agreement may not be terminated except by an agreement in writing signed by Parent and Spinco. 

Section 11.9 Savings Clause. The Parties hereby acknowledge that the provisions of this Agreement are intended to achieve
certain tax, legal and accounting objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives. 

Section 11.10 Governing Law. This Agreement shall be governed by and construed in accordance with the internal Laws, and not
the Laws governing conflicts of Laws, of the State of Oklahoma. 
 Section 11.11 Dispute Resolution. Any
controversy, dispute or claim between the Parties or members of their respective Groups arising out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity, termination or breach of this Agreement or
otherwise arising out of, or in any way related to this Agreement or the transactions contemplated hereby, including any claim based on contract, tort, statute or constitution (collectively, “Agreement Dispute”), shall be governed
by, and be subject to, the provisions of Article IX of the Separation Agreement, which provisions (and related defined terms) are hereby incorporated by reference into this Agreement and, solely for purposes of this Agreement, any references to
“Agreement” in such Article IX as incorporated herein shall be deemed to be references to this Agreement; provided, however, any references to “Agreement Disputes” in such Article IX as incorporated herein shall be
deemed, solely for purposes of this Agreement, to be references to Agreement Disputes as defined in this Agreement. 

Section 11.12 Consent to Jurisdiction. Subject to the provisions of Article IX of the Separation Agreement, each of the
Parties irrevocably submits to the exclusive jurisdiction of (a) the District Court of the State of Oklahoma for Tulsa County, and (b) the United States District Court for the Northern District of Oklahoma, Tulsa Division (the
“Oklahoma Courts”), for the purposes of any suit, Action or other proceeding in accordance with Article IX of the Separation Agreement. Each of the Parties further agrees that service of any process, summons, notice or

  
 28 

 
document by United States registered mail or receipted courier service to such Party’s respective address set forth in Section 11.4 of this Agreement shall be effective service of
process for any Action, suit or proceeding in the Oklahoma Courts with respect to any matters to which it has submitted to jurisdiction in this Section 11.12. Each of the Parties irrevocably and unconditionally waives any objection to the
laying of venue of any such Action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the Oklahoma Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any
such court that any such Action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

Section 11.13 Titles and Headings. Titles and headings to Sections and Articles herein are inserted for the convenience of
reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 

Section 11.14 Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered
one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Party. Execution of this Agreement or any other documents pursuant to this Agreement by
facsimile or other electronic copy of a signature shall be deemed to be, and shall have the same effect as, executed by an original signature. 
 Section 11.15 Assignment. Except as otherwise expressly provided for in this Agreement, this Agreement shall not be assignable, in whole or in part, directly or indirectly, by either Party
without the prior written consent of the other Party, and any attempt to assign any rights or obligations arising under this Agreement without such consent shall be null and void; provided, that, a Party may assign this Agreement in
connection with a merger transaction in which such Party is not the surviving entity or the sale by such Party of all or substantially all of its Assets; provided, that the surviving entity of such merger or the transferee of such Assets
shall agree in writing, reasonably satisfactory to the other Party, to be bound by the terms of this Agreement as if named as a “Party” hereto. In addition, in the event that any third Person or “group” (as such term is used in
Section 13(d) and 14(d) of the Exchange Act) acquires, including by way of merger, consolidation or other business combination, fifty percent or more of the consolidated Assets or voting equity of either Parent or Spinco, such Party, as
applicable, shall take all necessary action so that such third Person or group shall become a guarantor of the obligations of Parent or Spinco, as applicable, under this Agreement. 

Section 11.16 Severability. In the event any one or more of the provisions contained in this Agreement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The Parties shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 11.17 Successors and Assigns. Subject to Section 11.15, the provisions of this Agreement and the obligations and
rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. 

  
 29 

 Section 11.18 Specific Performance. The Parties agree that irreparable damage
would occur in the event that the provisions of this Agreement were not performed in accordance with their specific terms. Accordingly, it is hereby agreed that the Parties shall be entitled to (i) an injunction or injunctions to enforce
specifically the terms and provisions hereof in any arbitration in accordance with Section 11.11 of this Agreement, (ii) provisional or temporary injunctive relief in accordance therewith in any Oklahoma Court, and (iii) enforcement
of any such award of an arbitral tribunal or an Oklahoma Court in any court of the United States, or any other any court or tribunal sitting in any state of the United States or in any foreign country that has jurisdiction, this being in addition to
any other remedy or relief to which they may be entitled. 
 Section 11.19 Waiver of Jury Trial. Subject to
Sections 11.11, 11.12 and 11.18 of this Agreement, each of the Parties hereby waives to the fullest extent permitted by applicable Law any right it may have to a trial by jury with respect to any court proceeding contemplated by Section 11.12
of this Agreement. Each of the Parties hereby (a) certifies that no representative, agent or attorney of the other Party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the
foregoing waiver and (b) acknowledges that it has been induced to enter into this Agreement and the transactions contemplated by this Agreement, as applicable, by, among other things, the mutual waivers and certifications in this Section
11.19. 
 Section 11.20 Force Majeure. No Party (or any Person acting on its behalf) shall have any liability or
responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of
circumstances of Force Majeure. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event: (a) notify the other Party of the nature and extent of any such Force Majeure
condition and (b) use due diligence to remove any such causes and resume performance under this Agreement as soon as reasonably practicable. 
 Section 11.21 Authorization. Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and perform this Agreement, that this Agreement has been
duly authorized by all necessary corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party and that the execution, delivery and performance of this Agreement by such Party
does not contravene or conflict with any provision of law or of its charter or bylaws or any material agreement, instrument or order binding on such Party. 
 Section 11.22 No Third-Party Beneficiaries. Except as otherwise expressly provided in this Agreement, this Agreement is solely for the benefit of the Parties and should not be deemed to confer
upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 
 Section 11.23 Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement shall be construed without regard to any presumption or rule
requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

  
 30 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day
and year first above written. 
  

			
	ONEOK, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ONE Gas, Inc.
		
	By:	 	  

	Name:	 	
	Title:EX-4.1

 Exhibit 4.1 
  

 
  

 
 EMULEX
CORPORATION 
 (Company) 
 U.S.
BANK NATIONAL ASSOCIATION 
 (Trustee) 

1.75% Convertible Senior Notes due 2018 

INDENTURE 
 Dated as of
November 18, 2013 
  
  

 
  

							
	 ARTICLE 1. DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.01
	  	 Definitions
	  	 	1	 
	 Section 1.02
	  	 References to Interest
	  	 	12	 
	 Section 1.03
	  	 Acts of Holders
	  	 	12	 
		
	 ARTICLE 2. THE NOTES
	  	 	14	 
			
	 Section 2.01
	  	 Title and Terms; Payments
	  	 	14	 
	 Section 2.02
	  	 Ranking
	  	 	15	 
	 Section 2.03
	  	 Denominations
	  	 	15	 
	 Section 2.04
	  	 Execution, Authentication, Delivery and Dating
	  	 	15	 
	 Section 2.05
	  	 Temporary Notes
	  	 	16	 
	 Section 2.06
	  	 Registration; Registration of Transfer and Exchange
	  	 	16	 
	 Section 2.07
	  	 Transfer Restrictions
	  	 	18	 
	 Section 2.08
	  	 Expiration of Restrictions
	  	 	19	 
	 Section 2.09
	  	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	21	 
	 Section 2.10
	  	 Persons Deemed Owners
	  	 	21	 
	 Section 2.11
	  	 Transfer and Exchange
	  	 	22	 
	 Section 2.12
	  	 Cancellation
	  	 	25	 
	 Section 2.13
	  	 CUSIP Numbers
	  	 	26	 
	 Section 2.14
	  	 Payment and Computation of Interest
	  	 	26	 
	 Section 2.15
	  	 Business Day
	  	 	26	 
		
	 ARTICLE 3. REPURCHASE AT THE OPTION OF THE HOLDERS
	  	 	26	 
			
	 Section 3.01
	  	 Purchase at Option of Holders upon a Fundamental Change
	  	 	26	 
	 Section 3.02
	  	 Fundamental Change Company Notice
	  	 	27	 
	 Section 3.03
	  	 Repurchase Procedures
	  	 	28	 
	 Section 3.04
	  	 Effect of Fundamental Change Purchase Notice
	  	 	29	 
	 Section 3.05
	  	 Withdrawal of Fundamental Change Purchase Notice
	  	 	29	 
	 Section 3.06
	  	 Deposit of Fundamental Change Purchase Price
	  	 	30	 
	 Section 3.07
	  	 Notes Purchased in Whole or in Part
	  	 	30	 
	 Section 3.08
	  	 Covenant To Comply with Applicable Laws upon Purchase of Notes
	  	 	30	 
	 Section 3.09
	  	 Repayment to the Company
	  	 	30	 
		
	 ARTICLE 4. CONVERSION
	  	 	31	 
			
	 Section 4.01
	  	 Right To Convert
	  	 	31	 
	 Section 4.02
	  	 Conversion Procedures
	  	 	33	 
	 Section 4.03
	  	 Settlement Upon Conversion
	  	 	35	 
	 Section 4.04
	  	 Adjustment of Conversion Rate
	  	 	36	 
	 Section 4.05
	  	 Discretionary and Voluntary Adjustments
	  	 	45	 
	 Section 4.06
	  	 Adjustment to Conversion Rate Upon Conversion in Connection with a Make-Whole Fundamental Change
	  	 	46	 
	 Section 4.07
	  	 Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale
	  	 	48	 

  
 i 

							
	 Section 4.08
	  	 Certain Covenants
	  	 	49	 
	 Section 4.09
	  	 Responsibility of Trustee
	  	 	50	 
	 Section 4.10
	  	 Notice of Adjustment to the Trustee
	  	 	50	 
	 Section 4.11
	  	 Notice to Holders
	  	 	50	 
		
	 ARTICLE 5. COVENANTS
	  	 	52	 
			
	 Section 5.01
	  	 Payment of Principal, Interest and Fundamental Change Purchase Price
	  	 	52	 
	 Section 5.02
	  	 Maintenance of Office or Agency
	  	 	52	 
	 Section 5.03
	  	 Provisions as to Paying Agent
	  	 	53	 
	 Section 5.04
	  	 Reports
	  	 	54	 
	 Section 5.05
	  	 Statements as to Defaults
	  	 	55	 
	 Section 5.06
	  	 Additional Interest Notice
	  	 	55	 
	 Section 5.07
	  	 Compliance Certificate and Opinions of Counsel
	  	 	55	 
	 Section 5.08
	  	 Additional Interest
	  	 	56	 
	 Section 5.09
	  	 Corporate Existence
	  	 	57	 
	 Section 5.10
	  	 Restriction on Resales
	  	 	57	 
	 Section 5.11
	  	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	57	 
		
	 ARTICLE 6. REMEDIES
	  	 	57	 
			
	 Section 6.01
	  	 Events of Default
	  	 	57	 
	 Section 6.02
	  	 Acceleration; Rescission and Annulment
	  	 	59	 
	 Section 6.03
	  	 Additional Interest
	  	 	60	 
	 Section 6.04
	  	 Control by Majority
	  	 	61	 
	 Section 6.05
	  	 Limitation on Suits
	  	 	61	 
	 Section 6.06
	  	 Rights of Holders to Receive Payment and to Convert
	  	 	61	 
	 Section 6.07
	  	 Collection of Indebtedness; Suit for Enforcement by Trustee
	  	 	62	 
	 Section 6.08
	  	 Trustee May Enforce Claims Without Possession of Notes
	  	 	62	 
	 Section 6.09
	  	 Trustee May File Proofs of Claim
	  	 	62	 
	 Section 6.10
	  	 Restoration of Rights and Remedies
	  	 	62	 
	 Section 6.11
	  	 Rights and Remedies Cumulative
	  	 	63	 
	 Section 6.12
	  	 Delay or Omission Not a Waiver
	  	 	63	 
	 Section 6.13
	  	 Priorities
	  	 	63	 
	 Section 6.14
	  	 Undertaking for Costs
	  	 	63	 
	 Section 6.15
	  	 Waiver of Stay, Extension and Usury Laws
	  	 	64	 
		
	 ARTICLE 7. SATISFACTION AND DISCHARGE
	  	 	64	 
			
	 Section 7.01
	  	 Discharge of Liability on Notes
	  	 	64	 
	 Section 7.02
	  	 Deposited Monies to Be Held in Trust by Trustee
	  	 	65	 
	 Section 7.03
	  	 Paying Agent to Repay Monies Held
	  	 	65	 
	 Section 7.04
	  	 Return of Unclaimed Monies
	  	 	65	 
	 Section 7.05
	  	 Reinstatement
	  	 	65	 
		
	 ARTICLE 8. SUPPLEMENTAL INDENTURES
	  	 	66	 
			
	 Section 8.01
	  	 Supplemental Indentures Without Consent of Holders
	  	 	66	 

  
 ii 

							
	 Section 8.02
	  	 Supplemental Indentures With Consent of Holders
	  	 	66	 
	 Section 8.03
	  	 Notice of Amendment or Supplement
	  	 	68	 
	 Section 8.04
	  	 Trustee to Sign Amendments, Etc.
	  	 	68	 
		
	 ARTICLE 9. SUCCESSOR COMPANY
	  	 	68	 
			
	 Section 9.01
	  	 Company May Consolidate, Etc. on Certain Terms
	  	 	68	 
	 Section 9.02
	  	 Successor Corporation to Be Substituted
	  	 	69	 
	 Section 9.03
	  	 Opinion of Counsel to Be Given to Trustee
	  	 	70	 
		
	 ARTICLE 10. THE TRUSTEE
	  	 	70	 
			
	 Section 10.01
	  	 Duties and Responsibilities of Trustee
	  	 	70	 
	 Section 10.02
	  	 Notice of Defaults
	  	 	71	 
	 Section 10.03
	  	 Reliance on Documents, Opinions, Etc.
	  	 	71	 
	 Section 10.04
	  	 No Responsibility for Recitals, Etc.
	  	 	73	 
	 Section 10.05
	  	 Trustee, Paying Agents, Exchange Agents or Registrar May Own Notes
	  	 	73	 
	 Section 10.06
	  	 Monies to be Held in Trust
	  	 	73	 
	 Section 10.07
	  	 Compensation and Expenses of Trustee
	  	 	73	 
	 Section 10.08
	  	 Officer’s Certificate as Evidence
	  	 	74	 
	 Section 10.09
	  	 Conflicting Interests of Trustee
	  	 	74	 
	 Section 10.10
	  	 Eligibility of Trustee
	  	 	74	 
	 Section 10.11
	  	 Resignation or Removal of Trustee
	  	 	74	 
	 Section 10.12
	  	 Acceptance by Successor Trustee
	  	 	76	 
	 Section 10.13
	  	 Succession by Merger, Etc.
	  	 	76	 
	 Section 10.14
	  	 Trustee’s Application for Instructions from the Company
	  	 	77	 
		
	 ARTICLE 11. MISCELLANEOUS
	  	 	77	 
			
	 Section 11.01
	  	 Effect on Successors and Assigns
	  	 	77	 
	 Section 11.02
	  	 Governing Law
	  	 	77	 
	 Section 11.03
	  	 No Note Interest Created
	  	 	77	 
	 Section 11.04
	  	 Benefits of Indenture
	  	 	77	 
	 Section 11.05
	  	 Calculations
	  	 	78	 
	 Section 11.06
	  	 Execution in Counterparts
	  	 	78	 
	 Section 11.07
	  	 Notices, Etc. to Trustee and Company
	  	 	78	 
	 Section 11.08
	  	 No Recourse Against Others
	  	 	79	 
	 Section 11.09
	  	 Tax Withholding
	  	 	79	 
	 Section 11.10
	  	 Waiver of Jury Trial
	  	 	79	 
	 Section 11.11
	  	 U.S.A. Patriot Act
	  	 	79	 

  
 iii 

			
	EXHIBIT A	  	Form of Note
		
	EXHIBIT B	  	Form of Free Transferability Certificate
		
	EXHIBIT C	  	Form of Restricted Stock Legend

  
 iv 

 INDENTURE, dated as of November 18, 2013, between Emulex Corporation, a Delaware
corporation, as issuer (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company has duly authorized the creation of an issue of the Company’s 1.75% Convertible Senior Notes due 2018 (the
“Notes”), having the terms, tenor, amount and other provisions hereinafter set forth, and, to provide therefor, has duly authorized the execution and delivery of this Indenture; and 

WHEREAS, all things necessary to make the Notes, when duly executed by the Company and authenticated and delivered hereunder and duly issued
by the Company, the legal, valid and binding obligations of the Company, in accordance with the terms of the Notes and this Indenture, have been done and performed, and the execution of this Indenture and the issue hereunder of the Notes have in all
respects been duly authorized; 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH, for and in consideration of the premises and the purchases of
the Notes by the Holders thereof, it is mutually agreed, for the benefit of the Company and the equal and proportionate benefit of all Holders, as follows: 

ARTICLE 1. 
 DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 
 Section 1.01 Definitions. The terms defined in this Section 1.01 (except as herein
otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01. The words “herein”,
“hereof”, “hereunder” and words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other Subdivision. The word “or” is not exclusive and the word “including”
means including without limitation. The terms defined in this Article include the plural as well as the singular. 
 “Act”
has the meaning specified in Section 1.03. 
 “Additional Interest” means all amounts, if any, payable pursuant to
Section 5.08 and Section 6.03 hereof. Unless the context otherwise requires, all references in this Indenture to interest include Additional Interest, if any. Any express reference to Additional Interest in this Indenture shall not be
construed as excluding Additional Interest in any other text where no such express reference is made. 
 “Additional Notes”
means any Notes (other than the Initial Notes) issued under this Indenture in accordance with Section 2.01 hereof, with the same terms and with the same CUSIP number as the Initial Notes. 

“Additional Shares” has the meaning specified in Section 4.06(a) hereof. 

  
 1 

 “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 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. 
 “Agent Members” has the meaning specified in Section 2.06(b) hereof. 

“Applicable Procedures” means, with respect to any matter at any time, the policies and procedures of a Depositary, if any,
that are applicable to such matter at such time. 
 “Authenticating Agent” means any Person authorized by the Trustee to
act on behalf of the Trustee to authenticate Notes. 
 “Authorized Officer” means any Person (whether designated by name or
office) appointed by or pursuant to a Board Resolution for the purpose, or a particular purpose, of this Indenture, provided that written notice of such appointment shall have been given to the Trustee. 

“Averaging Period” has the meaning specified in Section 4.04(e) hereof. 

“Bid Solicitation Agent” means the Person appointed by the Company, from time to time, to solicit secondary market bid
quotations for the Trading Price of the Notes in accordance with Section 4.01(b)(2) hereof. The Trustee will be the initial Bid Solicitation Agent. 

“Board of Directors” means either the board of directors of the Company or any duly authorized committee of that board. 

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

“Business Day” means any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is
authorized or required by law or executive order to close or to be closed. 
 “Capital Stock” means, for any Person, any
and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) the equity of such Person, but excluding any debt securities convertible into such equity. 

“Cash Election” has the meaning specified in Section 4.03(b) hereof. 

“Cash Percentage” has the meaning specified in Section 4.03(b)(i) hereof. 

  
 2 

 “Cash Percentage Notice” has the meaning specified in Section 4.03(b)(i)
hereof. 
 “Close of Business” means 5:00 p.m., New York City time. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act,
or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Exchange Act or the Securities Act, as applicable, then the body performing such duties at such time.

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

 “Common Stock” means the shares of common stock, par value $0.10 per share, of the Company authorized at the date of
this instrument as originally executed or shares of any class or classes of common stock resulting from any reclassification or reclassifications thereof; provided, however, that if at any time there shall be more than one such
resulting class, the shares so issuable on conversion of Notes shall include shares of all such classes, and the shares of each such class then so issuable shall be substantially in the proportion which the total number of shares of such class
resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 

“common stock” includes any stock of any class of Capital Stock which has no preference in respect of dividends or of amounts
payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the issuer thereof and which is not subject to redemption by the issuer thereof. 

“Company” has the meaning specified in the first paragraph of this Indenture, and subject to the provisions of
Article 9, shall include its successors and assigns. 
 “Company Order” means a written request or order signed in the
name of the Company by its Chief Executive Officer, its President, or its Chief Financial Officer, any of its Vice Presidents, its Treasurer, any Assistant Treasurer, its Secretary or any Assistant Secretary. 

“Conversion Agent” has the meaning specified in Section 5.02 hereof. 

“Conversion Date” has the meaning specified in Section 4.02(b) hereof. 

“Conversion Notice” has the meaning specified in Section 4.02(b) hereof. 

“Conversion Price” means, in respect of each Note, as of any date, $1,000 divided by the Conversion Rate in effect on
such date. 
 “Conversion Rate” means initially 97.1322 shares of Common Stock per $1,000 principal amount of Notes,
subject to adjustment as set forth herein. 

  
 3 

 “Corporate Trust Office” means, with respect to the office of the Trustee, the
designated corporate trust office of the Trustee at which this Indenture is administered, which office at the date hereof is located at U.S. Bank National Association, 633 West Fifth Street, 24th Floor, Los Angeles, California 90071, Attention:
Paula Oswald (Emulex Corporation 1.75% Notes due 2018), 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 such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“corporation” means a corporation, association, joint stock company, limited liability company or business trust. 

“Custodian” means the Trustee, as custodian with respect to the Notes (so long as the Notes constitute Global Notes), or any
successor entity. 
 “Daily Conversion Value” means, for each of the 60 consecutive Trading Days during any Observation
Period, one-sixtieth (1/60th) of the product of (i) the Conversion Rate in effect on such Trading Day and (ii) the Daily VWAP on such Trading Day. 

“Daily Measurement Value” means 1/60th of $1,000. 

“Daily Settlement Amount” means, for each of the 60 consecutive Trading Days during the applicable Observation Period: 

 

	 	(1)	cash equal to the sum of: 

  

	 	(a)	the amount of cash equal to the lesser of (x) the Daily Measurement Value and (y) the Daily Conversion Value; and 

  

	 	(b)	if the Daily Conversion Value is greater than the Daily Measurement Value, the amount of cash equal to the product of (x) the excess of the Daily Conversion Value over the Daily Measurement Value (such excess, if
any, the “Daily Net Value”) and (y) the applicable Cash Percentage; and 

  

	 	(2)	if the Daily Conversion Value is greater than the Daily Measurement Value, a number of shares of Common Stock equal to (i) the product of (x) the Daily Net Value and (y) 100% minus the applicable Cash
Percentage, divided by (ii) the Daily VWAP for such Trading Day. 

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

  
 4 

 “Default” means any event that is, or with the passage of time or the giving of
notice or both would be, an Event of Default. 
 “Depositary” means, with respect to the Notes issuable or issued in the
form of a Global Note, The Depositary Trust Company or the Person designated as Depositary by the Company pursuant to the applicable provisions of this Indenture until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Notes
of any such series shall mean the Depositary with respect to the Notes of that series. 
 “Distributed Property” has the
meaning specified in Section 4.04(c) hereof. 
 “Dollar” or “$” means a dollar or other equivalent
unit in such coin or currency of the United States of America that is legal tender for the payment of public and private debts at the time of payment. 

“Effective Date” means, with respect to a Fundamental Change or a Make-Whole Fundamental Change, as applicable, the date such
Fundamental Change or Make-Whole Fundamental Change, as applicable, occurs or becomes effective. 
 “Event of Default” has
the meaning specified in Section 6.01 hereof. 
 “Ex-Dividend Date” means the first date on which shares of the Common
Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Form of Assignment and Transfer” means the “Form of Assignment and Transfer” attached
as Attachment 3 to the Form of Note attached hereto as Exhibit A. 
 “Form of Fundamental Change Purchase
Notice” means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A. 

“Form of Notice of Conversion” means the “Form of Notice of Conversion” attached as Attachment 1 to the
Form of Note attached hereto as Exhibit A. 
 “Free Trade Date” means the date that is one year after the last
date of original issuance of the Notes. 
 “Free Transferability Certificate” means a certificate substantially in the form
attached hereto as Exhibit B. 

  
 5 

 “Freely Tradable” means, with respect to any Notes, that such Notes are eligible
to be sold by a Person who is not an affiliate (within the meaning of Rule 144) of the Company and has not been an affiliate (within the meaning of Rule 144) of the Company during the immediately preceding 90 days without any volume or manner of
sale restrictions under the Securities Act. 
 “Fundamental Change” shall be deemed to have occurred at the time after the
Notes are originally issued when any of the following occurs: 
 (1) any “person” or “group” within the
meaning of Section 13(d) of the Exchange Act has become the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of the Company’s Common Equity representing more than 50.0% of the
voting power of the Company’s Common Equity; 
 (2) consummation of (A) any recapitalization, reclassification or
change of the Company’s Common Stock (other than changes resulting from a subdivision or combination) pursuant to which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets, (B) any
share exchange, consolidation, merger or similar event involving the Company pursuant to which the Common Stock will be converted into, or exchanged for, cash, securities or other property or (C) any sale, lease or other transfer in one
transaction or a series of transactions of all or substantially all of the consolidated assets of the Company and its Subsidiaries, taken as a whole, to another Person other than any of the Company’s wholly owned Subsidiaries; (any such share
exchange, consolidation, merger, similar event, transaction or series of transactions being referred to in this clause (2) as an “Event”); provided that any such Event described in clause (A) or (B) above where
(i) the Event does not result in a reclassification, conversion, exchange or cancellation of the Company’s outstanding Common Stock, (ii) the holders of the Company’s voting stock immediately prior to such event own, directly or
indirectly, more than 50.0% of the voting stock of the continuing or surviving Person or transferee or the parent thereof immediately after such Event and such holders’ proportional voting power immediately after such transaction
vis-à-vis each other with respect to the securities such holders receive in such transaction will be in substantially the same proportions as their respective voting power vis-à-vis each other immediately prior to such transaction, or
(iii) the Event is effected solely to change the Company’s jurisdiction of incorporation and results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares of common stock of the surviving
entity will not constitute a “Fundamental Change” under such clause (A) or (B); or 
 (3) the Common Stock (or
other Common Equity into which the Notes are then convertible) ceases to be listed or admitted for trading on the NASDAQ Global Select Market, the NASDAQ Global Market or the New York Stock Exchange (or any successor thereto), or any other principal
U.S. national securities exchange equivalent or of similar stature thereto (each such exchange or market, a “Permitted Exchange”), or the announcement by any such Permitted Exchange on which the Common Stock (or such other Common
Equity) is then listed or admitted for trading that the Common Stock (or such other Common Equity) will no longer be so listed or admitted for trading, unless the Common Stock (or such other Common Equity) has been accepted for listing or admitted
for trading on another Permitted Exchange. 

  
 6 

 Notwithstanding the foregoing, a transaction or series of transactions described in
clause (1) or (2) above shall not constitute a “Fundamental Change” if at least 90% of the consideration received or to be received by holders of the Common Stock (excluding cash payments for fractional shares and cash payments
made pursuant to dissenters’ appraisal rights) in connection with such transaction or transactions consists of shares of common stock traded on a Permitted Exchange, and as a result of such transaction or transactions, such consideration will
constitute “Reference Property” for the Notes. 
 If any transaction in which the Common Stock is replaced by the securities of
another entity occurs, following completion of any related Make-Whole Fundamental Change Period and any related Fundamental Change Purchase Date, references to the Company in this definition of “Fundamental Change” will apply to such other
entity instead. 
 “Fundamental Change Company Notice” has the meaning specified in Section 3.02(a) hereof. 

“Fundamental Change Expiration Time” has the meaning specified in Section 3.03(a) hereof. 

“Fundamental Change Purchase Date” has the meaning specified in Section 3.01 hereof. 

“Fundamental Change Purchase Notice” has the meaning specified in Section 3.03(a) hereof. 

“Fundamental Change Purchase Price” has the meaning specified in Section 3.01 hereof. 

“Global Note” means a Note evidencing all or part of a series of Notes, issued to the Depositary for such series or its
nominee, and registered in the name of such Depositary or nominee. 
 “Global Notes Legend” has the meaning specified in
the Form of Note attached hereto as Exhibit A. 
 “Holder” means the Person in whose name a Note is registered
in the Register. 
 “Indenture” means this Indenture as amended or supplemented from time to time. 

“Initial Notes” has the meaning specified in Section 2.01 hereof. 

“Initial Purchaser” means Goldman, Sachs & Co. 

  
 7 

 “Interest Payment Date” means, with respect to the payment of interest on the
Notes, each May 15 and November 15 of each year, beginning on May 15, 2014. 
 “Issue Date” means, with
respect to any Note, the first date of original issuance of such Note (and not, for the avoidance of doubt, the date of issuance of any Note issued in whole or in part upon registration or transfer of, or in exchange for, or in lieu of, other Notes
pursuant to Sections 2.05, 2.06, 2.07, 2.08, 2.09, 2.11, 3.07 or 4.02). 
 “Last Original Issuance Date” means
November 18, 2013. 
 “Last Reported Sale Price” of the Common Stock for any Trading Day means the closing sale price
per share (or, if no closing sale price is reported, the average of the last bid and last ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices) on that Trading Day as reported in
composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is traded. If the Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant Trading Day,
the “Last Reported Sale Price” will be the last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or a similar organization. If the Common Stock is not so
quoted, the “Last Reported Sale Price” will be the average of the mid-point of the last bid and last ask prices for the Common Stock on the relevant Trading Day from each of at least three nationally recognized independent investment
banking firm selected by the Company for this purpose, which may include the Initial Purchaser. Any such determination will be conclusive absent manifest error. 

“Make-Whole Fundamental Change” means any event that (i) is a Fundamental Change (subject to any exceptions or
exclusions to the definition thereof) or (ii) would be a Fundamental Change, but for the exclusion in clause (2)(x)(i) of the definition of “Fundamental Change.” 

“Make-Whole Fundamental Change Period” has the meaning specified in Section 4.06(a) hereof. 

“Market Disruption Event” means, if the Common Stock is listed for trading on The New York Stock Exchange or listed on
another U.S. national or regional securities exchange, the occurrence or existence during the one-half hour period ending on the scheduled close of trading on any Scheduled Trading Day of any material suspension or limitation imposed on trading (by
reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options, contracts or futures contracts relating to the Common Stock. 

Notwithstanding the foregoing, for the purposes of determining amounts due upon conversion pursuant to Article 4 hereof, “Market
Disruption Event” means (i) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or
(ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any scheduled Trading Day for the Common Stock for more than one half hour period in the aggregate during regular trading hours of any suspension or limitation imposed
on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options, contracts or future contracts relating to the Common Stock. 

  
 8 

 “Maturity Date” means November 15, 2018. 

“Measurement Period” has the meaning specified in Section 4.01(b)(ii) hereof. 

“Merger Event” has the meaning specified in Section 4.07(a) hereof. 

“Merger Valuation Period” for any Merger Event means the five consecutive Trading Day period immediately preceding, but
excluding, the effective date for such Merger Event. 
 “Note” or “Notes” has the meaning specified in the
first paragraph of the Recitals of this Indenture. 
 “Notice of Default” has the meaning specified in Section 6.01(f)
hereof. 
 “Observation Period” means, with respect to any Note surrendered for conversion, (i) if the relevant
Conversion Date for such Note occurs prior to the 65th Scheduled Trading Day immediately preceding the Maturity Date, the 60 consecutive Trading Day period beginning on, and including, the third Trading Day immediately succeeding such Conversion
Date, and (ii) if the relevant Conversion Date occurs on or after the 65th Scheduled Trading Day immediately preceding the Maturity Date, the 60 consecutive Trading Day period beginning on, and including, the 62nd Scheduled Trading Day
immediately preceding the Maturity Date (if such Scheduled Trading Day is not a Trading Day, the immediately following Trading Day). 

“Offer Expiration Date” has the meaning specified in Section 4.04(e) hereof. 

“Officer” or “officer” shall mean, the Chairman of the Board of Directors, the Chief Executive Officer, the
President, a Vice President (whether or not designated by a number or word or words added before or after the title “Vice President”), the Treasurer, the Corporate Secretary or the Controller of the Company. 

“Officer’s Certificate” means a certificate signed by an Authorized Officer and delivered to the Trustee. 

“Open of Business” means 9:00 a.m., New York City time. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of, or counsel for, the Company or an
Affiliate of the Company, or other counsel acceptable to the Trustee, that is delivered to the Trustee. 
 “Outstanding”
means, with respect to the Notes any Notes authenticated by the Trustee except (i) Notes cancelled by it, (ii) Notes delivered to it for cancellation and (iii)(A) Notes replaced pursuant to Section 2.09 hereof, on and after the
time such Note is replaced (unless the Trustee and the Company receive proof satisfactory to them that such Note is held by a bona fide purchaser), (B) Notes converted pursuant to Article 4 hereof, on and after

  
 9 

 
their Conversion Date, (C) any and all Notes, as of the Maturity Date, if the Paying Agent holds, in accordance with this Indenture, money sufficient to pay all of the Notes then payable,
and (D) any and all Notes owned by the Company or any other obligor upon the Notes, or for purposes of votes or consents, any Affiliate of the Company or of such other obligor, except that in determining whether the Trustee shall be protected
in relying upon any request, demand, authorization, direction, notice, consent or waiver or other action that is to be made by a requisite principal amount of Outstanding Notes, only such Notes which a Responsible Officer of the Trustee actually
knows to be so owned shall be disregarded. 
 “Paying Agent” means any Person authorized by the Company to pay the
principal amount of, any premium on, interest on, or the Fundamental Change Purchase Price, any Notes on behalf of the Company. 

“Person” means any individual, corporation, partnership, joint venture, trust, unincorporated organization or government or
any agency or political subdivision thereof. 
 “Physical Notes” means permanent certificated Notes in definitive, fully
registered form issued in denominations of $1,000 principal amount and integral multiples of $1,000 in excess thereof. 

“Preliminary Offering Circular” means the Preliminary Offering Circular dated November 11, 2013 related to the offering
of the Initial Notes. 
 “Reference Property” has the meaning specified in Section 4.07(a) hereof. 

“Register” and “Registrar” have the respective meanings specified in Section 2.06(a). 

“Regular Record Date” means, with respect to any Interest Payment Date, May 1 (whether or not a Business Day) or
November 1 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. 
 “Reporting
Event of Default” has the meaning specified in Section 6.03(a) hereof. 
 “Resale Restriction Termination
Date” has the meaning specified in Section 2.08(b)(ii). 
 “Responsible Officer,” when used with respect to the
Trustee, means any officer within the Corporate Trust Office who shall have direct responsibility for the administration of this Indenture, and also means, with respect to a particular matter, any other officer of the Trustee to whom such corporate
trust matter is referred because of his or her knowledge of and familiarity with the particular subject. 
 “Restricted Global
Note” has the meaning specified in Section 2.08(b)(i). 
 “Restricted Note” has the meaning specified in Section
2.07(a)(i). 

  
 10 

 “Restricted Notes Legend” has the meaning specified in the Form of Note attached
hereto as Exhibit A. 
 “Restricted Stock” has the meaning specified in Section 2.07(b)(i). 

“Restricted Stock Legend” means a legend substantially in the form set forth in Exhibit C hereto. 

“Rule 144” means Rule 144 under the Securities Act (including any successor rule thereto), as the same may be amended from
time to time. 
 “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the principal U.S. national
or regional securities exchange or market on which the Common Stock is listed or admitted for trading. If the Common Stock is not listed or admitted for trading, “Scheduled Trading Day” means a Business Day. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Significant Subsidiary” means, with respect to any Person, a Subsidiary of such Person that
would constitute a “significant subsidiary” as such term is defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as in effect on the original date of issuance of the Notes. 

“Spin-Off” has the meaning specified in Section 4.04(c) hereof. 

“Stock Price” has the meaning specified in Section 4.06(c) hereof. 

“Subsidiary” of any Person means (a) any corporation, association or other business entity other than a partnership of
which more than 50% of the outstanding total voting power ordinarily entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, trustees or other voting members of the governing body thereof is at
the time owned or controlled, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries or (b) any partnership the sole general partner or the managing general partner of
which is the Company or a Subsidiary of the Company or the only general partners of which are the Company or of one or more Subsidiaries of the Company (or any combination thereof). 

“Successor Company” has the meaning specified in Section 9.01(a) hereof. 

“Trading Day” means a Scheduled Trading Day on which (i) there is no Market Disruption Event, and (ii) trading in
the Common Stock generally occurs on The New York Stock Exchange or, if the Common Stock is not then listed on The New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed
or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, “Trading Day” means a
“Business Day.” 

  
 11 

 “Trading Price” of the Notes on any Trading Day means the average of the
secondary market bid quotations obtained by the Bid Solicitation Agent for $1,000,000 principal amount of the Notes at approximately 3:30 p.m., New York City time, on such Trading Day from three independent nationally recognized securities dealers
selected by the Company, which may include the Initial Purchasers; provided that, if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used,
and if only one such bid can reasonably be obtained by the Bid Solicitation Agent that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $1,000,000 principal amount of the Notes from a nationally
recognized securities dealer on a Trading Day, then the Trading Price per $1,000 principal amount of Notes on such Trading Day will be deemed to be less than 98% of the product of (i) the Last Reported Sale Price of the Common Stock on such
Trading Day and (ii) the Conversion Rate in effect on such Trading Day. Any such determination will be conclusive absent manifest error. If the Company does instruct the Bid Solicitation Agent to obtain bids when required, or the Bid
Solicitation Agent fails to solicit bids when required, the Trading Price per $1,000 principal amount of the Notes will be deemed to be less than 98% of the product of (i) the Trading Price and (ii) the Conversion Rate for each Trading Day
on which the Company or the Bid Solicitation Agent fails to do so, as the case may be. 
 “Trustee” means the Person named
as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to Section 10.12 hereof, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
hereunder. 
 “Unit of Reference Property” has the meaning specified in Section 4.07(a) hereof. 

“U.S.” means the United States of America. 

“Valuation Period” has the meaning specified in Section 4.04(c) hereof. 

“Vice President,” when used with respect to the Company or the Trustee, as applicable, means any vice president, whether or
not designated by a number or a word or words added before or after the title “vice president”. 
 Section 1.02 References
to Interest. Any reference to interest on, or in respect of, any Note in the Indenture shall be deemed to include Additional Interest, if, in such context, Additional Interest is, was or would be payable pursuant hereto. Any express mention of
the payment of Additional Interest in any provision hereof shall not be construed as excluding Additional Interest in those provisions hereof where such express mention is not made. 

Section 1.03 Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided or permitted by this Indenture to be made, 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 an agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and 

  
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evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent, or of the holding by any Person of Notes, shall be sufficient for any purpose of this Indenture and (subject to Section 10.01 hereof) 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 him the
execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his 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 amount of Notes held by any Person executing any such instrument or writings as the Holder thereof, and the numbers of
such Notes, and the date of his holding the same, may be proved by the production of such Notes or by a certificate executed, as depositary, by any trust company, bank, banker or member of a national securities exchange (wherever situated), if such
certificate is in form satisfactory to the Trustee, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Notes therein described; or such facts may be proved by the certificate or
affidavit of the Person executing such instrument or writing as the Holder thereof, if such certificate or affidavit is in form satisfactory to the Trustee. The Trustee and the Company may assume that such ownership of any Notes continues until
(1) another certificate bearing a later date issued in respect of the same Notes is produced or (2) such Notes are produced by some other Person or (3) such Notes are no longer Outstanding. 

(d) The fact and date of execution of any such instrument or writing and the amount and number of Notes held by the Person so
executing such instrument or writing may also be proved in any other manner that the Trustee deems sufficient; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section 1.03. 

(e) The principal amount (except as otherwise contemplated in clause (ii) of the proviso to the definition of
“Outstanding”) and serial numbers of Notes held by any Person, and the date of holding the same, shall be proved by the Registrar. 

(f) Any request, demand, authorization, direction, notice, consent, election, waiver or other Act of the Holder of any Note
shall bind every future Holder of the same Note and the Holder of every Note 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 Note. 

  
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 (g) The Company may but shall not be obligated to set a record date for purposes
of determining the identity of Holders of any Outstanding Notes entitled to vote or consent to any action by vote or consent authorized or permitted by this Indenture. Such record date shall be not less than 10 nor more than 60 days prior to
the first solicitation of such consent or the date of the most recent list of Holders of such Notes furnished to the Trustee pursuant to Section 5.13 prior to such solicitation. 

(h) If the Company solicits from Holders any request, demand, authorization, direction, notice, consent, election, waiver or
other Act, the Company may, at its option, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, election, 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, election, 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 the record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of the Outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction,
notice, consent, election, waiver or other Act, and for that purpose the Outstanding Notes shall be computed as of the record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed
effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

ARTICLE 2. 
 THE NOTES 

Section 2.01 Title and Terms; Payments. 

The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is initially limited to $175,000,000 (the
“Initial Notes”) except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.05, 2.06, 2.07, 2.08, 2.09, 2.11, 3.07 or 4.02. The Company may,
from time to time after the execution of this Indenture, execute and deliver to the Trustee for authentication Additional Notes of an unlimited aggregate principal amount, and the Trustee shall thereupon authenticate and deliver said Additional
Notes to or upon receipt of a Company Order, without any further action by the Company hereunder; provided, however, that (1) any such Additional Notes are fungible with the Initial Notes for U.S. federal income tax purposes and
U.S. securities law purposes; (2) such Additional Notes must have the same terms as the Initial Notes; and (3) the Trustee must receive an Officer’s Certificate to the effect that such issuance of Additional Notes complies with the
provisions of this Indenture, including each provision of this paragraph. 
 The Notes shall be known and designated as the “1.75%
Convertible Senior Notes due 2018” of the Company. The principal amount shall be payable on the Maturity Date. The Notes shall not be redeemable by the Company prior to the Maturity Date, and no sinking fund is provided for the Notes. 

  
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 The principal amount of Physical Notes shall be payable at the Corporate Trust Office and at any
other office or agency in New York City, New York maintained by the Company for such purpose. Interest on Physical Notes will be payable (i) to Holders holding Physical Notes having an aggregate principal amount of $1,000,000 or less of Notes,
by check mailed to such Holders at the address set forth in the Register and (ii) to Holders holding Physical Notes having an aggregate principal amount of more than $1,000,000 of Notes, either by check mailed to such Holders or, upon written
application by a Holder to the Registrar not later than the relevant Regular Record Date for such interest payment, by wire transfer in immediately available funds to such Holder’s account within the United States, which application shall
remain in effect until the Holder notifies the Registrar to the contrary in writing. The Company will pay or cause the Paying Agent to pay principal of, and interest on, Global Notes in immediately available funds to The Depository Trust Company or
its nominee, as the case may be, as the registered Holder of such Global Note, on each Interest Payment Date, Fundamental Change Purchase Date or other payment date, as the case may be. 

Any Notes repurchased by the Company will be retired. 

Section 2.02 Ranking. The Notes constitute direct unsecured obligations of the Company. 

Section 2.03 Denominations. The Notes shall be issuable only in registered form without coupons and in denominations of $1,000 and
any integral multiple of $1,000 in excess thereof. 
 Section 2.04 Execution, Authentication, Delivery and Dating. The Notes
shall be executed by manual or facsimile signature on behalf of the Company by any one of its Chief Executive Officer, its President, its Chief Financial Officer or any of its Vice Presidents, its Treasurer, any Assistant Treasurer or its Corporate
Secretary. 
 Notes bearing the manual or facsimile signatures of individuals who were at any time an Officer of the Company shall bind the
Company, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of such Notes or did not hold such office at the date of such Notes. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to
the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes. The Company Order shall specify the amount of Notes to be authenticated, and shall further specify the amount of such Notes to be issued
as one or more Global Notes or as one or more Physical Notes. The Trustee in accordance with such Company Order shall authenticate and deliver such Notes as provided in this Indenture and not otherwise. 

Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a
certificate of authentication substantially in the form provided for herein executed by an authorized signatory of the Trustee by manual signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such
Note has been duly authenticated and delivered hereunder. 

  
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 Section 2.05 Temporary Notes. Pending the preparation of Physical Notes, the Company
may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Notes that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
Physical Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the Officer executing such Notes may determine, as evidenced by such Officer’s execution of such Notes;
provided, that any such temporary Notes shall bear legends on the face of such Notes as set forth in the Form of Note attached hereto as Exhibit A and Sections 2.07 and 2.11. 

After the preparation of Physical Notes, the temporary Notes shall be exchangeable for Physical Notes upon surrender of the temporary
Securities at any office or agency of the Company designated pursuant to Section 5.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute and the Trustee shall, upon
Company Order, authenticate and deliver in exchange therefor a like principal amount of Physical Notes of authorized denominations. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture
as Physical Notes. 
 Section 2.06 Registration; Registration of Transfer and Exchange. 

(a) The Company shall cause to be kept at the applicable Corporate Trust Office of the Trustee a register (the register
maintained in such office and in any other office or agency designated pursuant to Section 5.02 being herein sometimes collectively referred to as the “Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Notes and of transfers of Notes. The Trustee is hereby appointed “Registrar” (the “Registrar”) for the purpose of registering Notes and transfers of Notes as
herein provided. 
 Upon surrender for registration of transfer of any Note at an office or agency of the Company designated
pursuant to Section 5.02 for such purpose, the Company shall execute, and upon receipt of a Company Order the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any
authorized denomination and of a like aggregate principal amount and tenor, each such Notes bearing such restrictive legends as may be required by this Indenture (including the Form of Note attached hereto as Exhibit A and Sections 2.07
and 2.11). 
 At the option of the Holder and subject to the other provisions of Sections 2.07 and 2.11, Notes may be
exchanged for other Notes of any authorized denomination and of a like aggregate principal amount and tenor, upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Company shall
execute, and the Trustee shall, upon receipt of a Company Order, authenticate and deliver, the Notes which the Holder making the exchange is entitled to receive. 

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

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the
Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. As a condition to the
registration of transfer of any Restricted Notes, the Company or the Trustee may require evidence satisfactory to them as to the compliance with the restrictions set forth in the legend on such Notes. 

No service charge shall be made for any registration of transfer or exchange of Notes, but the Company and the Registrar may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Section 2.11 not involving any
transfer. 
 Neither the Company nor the Registrar shall be required to exchange or register a transfer of any Security in
the circumstances set forth in Section 2.11(a)(iv). 
 (b) Neither any members of, or participants in, the Depositary
(collectively, the “Agent Members”) nor any other Persons on whose behalf any Agent Member may act shall have any rights under this Indenture with respect to any Global Note registered in the name of the Depositary or any nominee
thereof, or under any such Global Note, 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 Note for all
purposes whatsoever. The Trustee shall have no liability, responsibility or obligation to any Agent Members or any other Person on whose behalf Agent Members may act with respect to (i) any ownership interests in the Global Note, (ii) the
accuracy of the records of the Depositary or its nominee, (iii) any notice required hereunder, (iv) any payments under or with respect to the Global Note (v) or actions taken or not taken by any Agent Members. 

(c) 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 or electronic 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 Note. The registered Holder of a Global Note may grant proxies and otherwise authorize any Person,
including Agent Members and persons that may hold interests through Agent Members, to take any action that a Holder is entitled to take under this Indenture or the Notes. 

  
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 Section 2.07 Transfer Restrictions. 

(a) Restricted Notes. 

(i) Every Note (and all securities issued in exchange therefor or substitution thereof) that bears, or that is required under
this Section 2.07 to bear, the Restricted Notes Legend will be deemed to be a “Restricted Note.” Each Restricted Note will be subject to the restrictions on transfer set forth in this Indenture (including in the Restricted
Notes Legend) and will bear the restricted CUSIP number for the Notes unless such restrictions on transfer are eliminated or otherwise waived by written consent of the Company (including, without limitation, by the Company’s delivery of the
Free Transferability Certificate as provided herein), and each Holder of a Restricted Note, by such Holder’s acceptance of such Restricted Note, will be deemed to be bound by the restrictions on transfer applicable to such Restricted Note. 

(ii) Until the Resale Restriction Termination Date, any Note will bear the Restricted Notes Legend unless: 

(A) such Note, since last held by the Company or an affiliate (within the meaning of Rule 144) of the Company, if ever,
was transferred (1) to a Person other than (x) the Company or (y) an affiliate (within the meaning of Rule 144) of the Company or a Person that was an affiliate (within the meaning of Rule 144) of the Company within the 90
days immediately preceding such transfer and (2) pursuant to a registration statement that was effective under the Securities Act at the time of such transfer; 

(B) such Note was transferred (1) to a Person other than (x) the Company or (y) an affiliate (within the
meaning of Rule 144) of the Company or a Person that was an affiliate (within the meaning of Rule 144) of the Company within the 90 days immediately preceding such transfer and (2) pursuant to the exemption from registration provided
by Rule 144 or any similar provision then in force under the Securities Act; or 
 (C) the Company delivers written
notice to the Trustee and the Registrar (including, without limitation, by the Company’s delivery of the Free Transferability Certificate as provided herein) stating that the Restricted Notes Legend may be removed from such Note and all
Applicable Procedures have been complied with. 
 (iii) In addition, until the Resale Restriction Termination Date: 

(A) no transfer of any Note will be registered by the Registrar prior to the Resale Restriction Termination Date unless the
transferring Holder delivers a notice substantially in the form of the Form of Assignment and Transfer, with the appropriate box checked, to the Trustee; and 

  
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 (B) the Registrar will not register any transfer of any Note that is a
Restricted Note to a Person that is an affiliate (within the meaning of Rule 144) of the Company or has been an affiliate (within the meaning of Rule 144) of the Company within the 90 days immediately preceding the date of such proposed
transfer. 
 (iv) On and after the Resale Restriction Termination Date, any Note will bear the Restricted Note Legend at any
time the Company determinates that, to comply with law, such Note must bear the Restricted Notes Legend. 
 (b) Restricted
Stock. 
 (i) Every share of Common Stock that bears, or that is required under this Section 2.07 to bear,
the Restricted Stock Legend will be deemed to be “Restricted Stock”. Each share of Restricted Stock will be subject to the restrictions on transfer set forth in this Indenture (including in the Restricted Stock Legend) and will bear
a restricted CUSIP number unless such restrictions on transfer are eliminated or otherwise waived by written consent (including, without limitation, by the Company’s delivery of the Free Transferability Certificate as provided herein) of the
Company, and each Holder of Restricted Stock, by such Holder’s acceptance of Restricted Stock, will be deemed to be bound by the restrictions on transfer applicable to such Restricted Stock. 

(ii) Until the Resale Restriction Termination Date, any shares of Common Stock issued upon the conversion of a Note, and any
shares of Common Stock issued upon conversion of a Restricted Note, will be issued in book-entry form and will bear the Restricted Stock Legend unless the Company delivers written notice to the transfer agent for the Common Stock stating that such
shares of Common Stock need not bear the Restricted Stock Legend. 
 (iii) On and after the Resale Restriction Termination
Date, shares of Common Stock will be issued in book-entry form and will bear the Restricted Stock Legend at any time the Company reasonably determinates that, to comply with law, such shares of Common Stock must bear the Restricted Stock Legend.

 (c) As used in this Section 2.07, the term “transfer” means any sale, pledge, transfer, loan, hypothecation
or other disposition whatsoever of any Restricted Note, any interest therein or any Restricted Stock. 
 Section 2.08 Expiration of
Restrictions. 
 (a) Physical Notes. Any Physical Note (or any security issued in exchange or substitution
therefor) that does not constitute a Restricted Note may be exchanged for a new Note or Notes of like tenor and aggregate principal amount that do not bear the Restricted Notes Legend required by Section 2.07. To exercise such right of
exchange, the Holder of such Note must surrender such Note in accordance with the provisions of Section 2.11 and deliver any additional documentation reasonably required by the Company, the Trustee or the Registrar in connection with such
exchange. 

  
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 (b) Global Notes; Resale Restriction Termination Date. 

(i) If, on the Free Trade Date, or the next succeeding Business Day if the Free Trade Date is not a Business Day, any Notes are
represented by a Global Note that is a Restricted Note (any such Global Note, a “Restricted Global Note”), the Company will use its reasonable best efforts to effect an exchange of every beneficial interest in each Restricted Global
Note for beneficial interests in Global Notes that are not subject to the restrictions set forth in the Restricted Notes Legend and in Section 2.07 hereof on or prior to the 365th day after the Issue Date. 

(ii) To effect such automatic exchange, the Company will (A) deliver to the Depositary an instruction letter for the
Depositary’s mandatory exchange process within a period of time that is reasonably likely to result in such exchange occurring on or prior to the 365th day after the Issue Date and (B) deliver to each of the Trustee and the Registrar a
duly completed Free Transferability Certificate promptly after the Free Trade Date. The first date on which both the Trustee and the Registrar have received the Free Transferability Certificate will be known as the “Resale Restriction
Termination Date”. 
 (iii) Immediately upon receipt of the Free Transferability Certificate by each of the Trustee
and the Registrar: 
 (A) the Restricted Notes Legend will be deemed removed from each of the Global Notes specified in such
Free Transferability Certificate and the restricted CUSIP number will be deemed removed from each of such Global Notes and deemed replaced with an unrestricted CUSIP number; provided, however, that upon written request of the Trustee,
the Company shall execute and the Trustee shall authenticate new Global Notes indicating the unrestricted CUSIP number; 

(B) the Restricted Stock Legend will be deemed removed from any shares of Common Stock previously issued upon conversion of
the Notes; and 
 (C) thereafter, shares of Common Stock issued upon conversion of the Notes will be assigned an
unrestricted CUSIP number and will not bear the Restricted Stock Legend (except as provided in Section 2.07(b)(iii)) or any similar legend. 

(iv) Promptly after the Resale Restriction Termination Date, the Company will provide Bloomberg LLP with a copy of the Free
Transferability Certificate and will use reasonable efforts to cause Bloomberg LLP to adjust its screen page for the Notes to indicate that the Notes are no longer Restricted Notes and are then identified by an unrestricted CUSIP number. 

  
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 (v) Prior to the Company’s delivery of the Free Transferability Certificate
and afterwards, the Company and the Trustee will comply with the Applicable Procedures and the Company will otherwise use reasonable efforts to cause each Global Note to be identified by an unrestricted CUSIP number in the facilities of the
Depositary by the date the Free Transferability Certificate is delivered to the Trustee and the Registrar or as promptly as possible thereafter. 

(vi) Notwithstanding anything to the contrary in Sections 2.08(b)(i), (ii) or (iii), the Company will not be required
to deliver the Free Transferability Certificate if it reasonably believes that removal of the Restricted Notes Legend or the changes to the CUSIP numbers for the Notes could result in or facilitate transfers of the Notes in violation of applicable
law. 
 Section 2.09 Mutilated, Destroyed, Lost and Stolen Notes. If any mutilated Note is surrendered to the Trustee, the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. If there shall be delivered to the Company and the
Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Note and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless and such other reasonable
requirements as may be imposed by the Company as permitted by Section 8-405 of the Uniform Commercial Code have been satisfied, then, in the absence of notice to the Company or the Trustee that such Note has been acquired by a bona fide
purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under this Section 2.09, the Company may
require payment by the Holder 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 Note issued pursuant to this Section 2.09 in lieu of any destroyed, lost or stolen Note shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Notes
duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 Section 2.10 Persons Deemed
Owners. Prior to due presentment of a Note for registration of transfer, the Company, the Trustee, the Registrar and any agent of the Company, 

  
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the Trustee or the Registrar may treat the Person in whose name such Note is registered in the Register as the owner of such Note for the purpose of receiving payment of the principal of such
Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Company, the Trustee, the Registrar nor any agent of the Company, the Trustee or the Registrar shall be affected by notice to the contrary. 

Section 2.11 Transfer and Exchange. 

(a) Provisions Applicable to All Transfers and Exchanges. 

(i) Subject to the restrictions set forth in this Section 2.11, Physical Notes and beneficial interests in Global Notes
may be transferred or exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register. 

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

(iii) No service charge will be imposed on any Holder of a Physical Note or any owner of a beneficial interest in a Global Note
for any exchange or registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge
imposed in connection with such registration of transfer or exchange. 
 (iv) Unless the Company specifies otherwise, none of
the Company, the Trustee, the Registrar or any co-Registrar will be required to exchange or register a transfer of any Note (i) that has been surrendered for conversion or (ii) as to which a Fundamental Change Purchase Notice has been
delivered and not withdrawn, except to the extent any portion of such Note is not subject to the foregoing. 
 (v) The
Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any
transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when
expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

  
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 (b) In General; Transfer and Exchange of Beneficial Interests in Global
Notes. So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise required by law, except to the extent required by Section 2.11(c): 

(i) all Notes will be represented by one or more Global Notes; 

(ii) every transfer and exchange of a beneficial interest in a Global Note will be effected through the Depositary in
accordance with the Applicable Procedures and the provisions of this Indenture (including the restrictions on transfer set forth in Section 2.07); and 

(iii) each Global Note may be transferred only as a whole and only (A) by the Depositary to a nominee of the Depositary,
(B) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or (C) by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

(c) Transfer and Exchange of Global Notes. 

(i) Notwithstanding any other provision of this Indenture, each Global Note will be exchanged for Physical Notes if the
Depositary delivers notice to the Company that: 
 (A) the Depositary is unwilling or unable to continue to act as
Depositary; or 
 (B) the Depositary is no longer registered as a clearing agency under the Exchange Act or is otherwise no
longer permitted under applicable law to continue as Depositary for such Global Note; 
 and, in each case, the Company promptly delivers a
copy of such notice to the Trustee and the Company fails to appoint a successor Depositary within 90 days after receiving notice from the Depositary. 

In each such case, each Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause each
Global Note to be cancelled in accordance with the Applicable Procedures, and the Company, in accordance with Section 2.04, will promptly execute, and, upon receipt of a Company Order, the Trustee will, in accordance with Section 2.04,
will promptly authenticate and deliver, for each beneficial interest in each Global Note so exchanged, an aggregate principal amount of Physical Notes equal to the aggregate principal amount of such beneficial interest, registered in such names and
in such authorized denominations as the Depositary specifies, and bearing any legends that such Physical Notes are required to bear under Section 2.07. 

(ii) In addition, if (x) the Company, in its sole discretion, notifies the Trustee in writing that it wishes to terminate
and exchange all or part of a Global Note for Physical Notes and the beneficial owners of the majority of the principal amount of such Global Note (or portion thereof) to be exchanged consent to such exchange, the Company may exchange all beneficial
interests in such Global Note (or portion thereof) for Physical Notes by delivering a written request to the Registrar or (y) an Event of Default has occurred with regard to the Notes 

  
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represented by the relevant Global Note and such Event of Default has not been cured or waived, any owner of a beneficial interest in a Global Note may deliver a written request to the Registrar
to exchange such beneficial interest for Physical Notes. 
 In such case, (A) the Registrar will deliver notice of such
request to the Company and the Trustee, which notice will identify the aggregate principal amount of such beneficial interest and the CUSIP of the relevant Global Note; (B) the Company will, in accordance with Section 2.04, promptly
execute, and, upon receipt of a Company Order, the Trustee, in accordance with Section 2.04, will promptly authenticate and deliver, to such owner, for the beneficial interest so exchanged by such owner, Physical Notes registered in such
owner’s name having an aggregate principal amount equal to the aggregate principal amount of such beneficial interest and bearing any legends that such Physical Notes are required to bear under Section 2.07, and (C) the Registrar, in
accordance with the Applicable Procedures, will cause the principal amount of such Global Note to be decreased by the aggregate principal amount of the beneficial interest so exchanged. If all of the beneficial interests in a Global Note are so
exchanged, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures. 

(d) Transfer and Exchange of Physical Notes.  

(i) If Physical Notes are issued, a Holder may transfer a Physical Note by: (A) surrendering such Physical Note for
registration of transfer to the Registrar, together with any endorsements or instruments of transfer required by any of the Company, the Trustee or the Registrar; (B) if such Physical Note is a Restricted Note, delivering any documentation that
the Company, the Trustee or the Registrar require to ensure that such transfer complies with Section 2.07 and any applicable securities laws; and (C) satisfying all other requirements for such transfer set forth in this Section 2.11
and Section 2.07. Upon the satisfaction of conditions (A), (B) and (C), the Company, in accordance with Section 2.04, will promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, will, in
accordance with Section 2.04, promptly authenticate and deliver, in the name of the designated transferee or transferees, one or more new Physical Notes, of any authorized denomination, having like aggregate principal amount and bearing any
restrictive legends required by Section 2.07 and/or the Form of Note attached hereto as Exhibit A. 
 (ii)
If Physical Notes are issued, a Holder may exchange a Physical Note for other Physical Notes of any authorized denominations and aggregate principal amount equal to the aggregate principal amount of the Notes to be exchanged by surrendering such
Notes, together with any endorsements or instruments of transfer required by any of the Company, the Trustee or the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 5.02. Whenever a Holder
surrenders Notes for exchange, the 

  
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Company, in accordance with Section 2.04, will promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, will, in accordance with Section 2.04,
promptly authenticate and deliver the Notes that such Holder is entitled to receive, bearing registration numbers not contemporaneously outstanding and any restrictive legends that such Physical Notes are required to bear under Section 2.07.

 (iii) If Physical Notes are issued, a Holder may transfer or exchange a Physical Note for a beneficial interest in a
Global Security by (A) surrendering such Physical Note for registration of transfer or exchange, together with any endorsements or instruments of transfer required by any of the Company, the Trustee or the Registrar, at any office or agency
maintained by the Company for such purposes pursuant to Section 5.05; (B) if such Physical Note is a Restricted Note, delivering any documentation the Company, the Trustee or the Registrar reasonably require to ensure that such transfer
complies with Section 2.07 and any applicable securities laws; (C) satisfying all other requirements for such transfer set forth in this Section 2.11 and Section 2.07; and (D) providing written instructions to the Trustee to
make, or to direct the Registrar to make, an adjustment in its books and records with respect to the applicable Global Note to reflect an increase in the aggregate principal amount of the Notes represented by such Global Note, which instructions
will contain information regarding the Depositary account to be credited with such increase. Upon the satisfaction of conditions (A), (B), (C) and (D), the Trustee will cancel such Physical Note and cause, or direct the Registrar to cause, in
accordance with the Applicable Procedures, the aggregate principal amount of Notes represented by such Global Note to be increased by the aggregate principal amount of such Physical Note, and will credit or cause to be credited the account of the
Person specified in the instructions provided by the exchanging Holder in an amount equal to the aggregate principal amount of such Physical Note. If no Global Notes are then Outstanding, the Company, in accordance with Section 2.04, will
promptly use reasonable efforts to execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, will, in accordance with Section 2.04, authenticate, a new Global Note in the appropriate aggregate principal amount. 

Section 2.12 Cancellation. The Company at any time may deliver to the Trustee for cancellation any Notes previously authenticated
and delivered hereunder that the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated hereunder which the Company has not issued and sold. The Trustee shall cancel all
Notes surrendered for registration of transfer, exchange, payment, purchase, repurchase, conversion or cancellation in accordance with its customary practices. If the Company shall acquire any of the Notes, such acquisition shall not operate as a
redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation. The Notes so acquired, while held by or on behalf of the Company or any of its Subsidiaries, shall not
entitle the Holder thereof to convert the Notes. The Company may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation. The Company may from time to time repurchase Notes in open market purchases or
negotiated transactions without giving prior notice to Holders. 

  
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 The Registrar shall retain, in accordance with its customary procedures, copies of all letters,
notices and other written communications received pursuant to this Section 2.12. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of
reasonable written notice to the Registrar. 
 Section 2.13 CUSIP Numbers. In issuing the Notes, the Company may use
“CUSIP” numbers (if then generally in use); provided that the Trustee shall have no liability for any defect in the CUSIP numbers as they appear on any Notes, notice, or elsewhere and; provided further, that any such
notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes and that reliance may be placed only on the other identification numbers printed on the Notes. The Company will promptly notify the
Trustee in writing of any change in the “CUSIP” numbers. 
 Section 2.14 Payment and Computation of Interest. The
Notes will bear cash interest at a rate of 1.75% per year until maturity. Interest on the Notes will accrue from the most recent date on which interest has been paid or duly provided for or, if no interest has been paid or duly provided for
(i) in the case of the Initial Notes, November 18, 2013 or (ii) in the case of the Additional Notes, the Issue Date for such Notes. Interest will be paid to the Person in whose name a Note is registered at the Close of Business on the
Regular Record Date immediately preceding the relevant Interest Payment Date semiannually in arrears on each Interest Payment Date; provided, alternate record dates may be established by the Company and the Trustee with respect to any
interest not paid on its originally scheduled due date. Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. For the avoidance of doubt, the payment, or lack of payment, of interest on Notes
surrendered for conversion will be governed by Section 4.03(e) hereof. 
 Section 2.15 Business Day. If any Interest
Payment Date, the Maturity Date, or any Fundamental Change Purchase Date falls on a day that is not a Business Day, the required payment will be made on the next succeeding Business Day and no interest on such payment will accrue in respect of the
delay. 
 ARTICLE 3. 
 REPURCHASE
AT THE OPTION OF THE HOLDERS 
 Section 3.01 Purchase at Option of Holders upon a Fundamental Change. If a Fundamental Change
occurs at any time, then each Holder shall have the right, at such Holder’s option, to require the Company to purchase for cash any or all of such Holder’s Notes such that the remaining principal amount of each Note that is not purchased
in full equals $1,000 or an integral multiple of $1,000 in excess thereof, on a date (the “Fundamental Change Purchase Date”) specified by the Company that is not less than 20 Business Days or more than 35 Business Days following
the date on which the Company delivers the Fundamental Change Company Notice, at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but excluding, the Fundamental Change Purchase
Date (the “Fundamental Change Purchase Price”); provided, however, that if the Company purchases a Note on a Fundamental Change Purchase Date that is after a Regular Record Date and on or prior to the Interest Payment
Date corresponding to such Regular Record Date, the 

  
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Company shall instead pay such accrued and unpaid interest on such Note on the Interest Payment Date to the Holder of record of such Note as of such Regular Record Date and the Fundamental Change
Purchase Price shall then be equal to 100% of the principal amount of the Note the Company purchases on such Fundamental Change Purchase Date. Notwithstanding the foregoing, there shall be no purchase of any Notes pursuant to this Section 3.01
if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to the Fundamental Change Purchase Date (except in the case of an acceleration resulting from a Default by the Company in the
payment of the Fundamental Change Purchase Price with respect to such Notes). The Trustee will promptly return to the respective Holders thereof any Physical Notes held by it during the acceleration of the Notes (except in the case of an
acceleration resulting from a Default by the Company in the payment of the Fundamental Change Purchase Price with respect to such Notes) and shall deem to be cancelled any instructions for book-entry transfer of the Notes in compliance with the
Applicable Procedures, in which case, upon such return or cancellation, as the case may be, the Fundamental Change Purchase Notice with respect thereto shall be deemed to have been withdrawn. 

Section 3.02 Fundamental Change Company Notice. 

(a) General. On or before the fifth (5th) Business Day after the occurrence of a Fundamental Change, the Company shall
provide to all Holders of the Notes, the Trustee and the Paying Agent (in the case of any Paying Agent other than the Trustee) a written notice (the “Fundamental Change Company Notice”) of the occurrence of such Fundamental Change
and of the purchase right at the option of the Holders arising as a result thereof. Such notice shall be sent by first class mail or, in the case of any Global Notes, in accordance with the Applicable Procedures for providing notices. Simultaneously
with providing such Fundamental Change Company Notice, the Company shall publish a press release and publish such information on the Company’s website. Each Fundamental Change Company Notice shall specify: 

(i) the events causing the Fundamental Change; 

(ii) the Effective Date of the Fundamental Change, and whether the Fundamental Change is a Make-Whole Fundamental Change, in
which case the Effective Date of the Make-Whole Fundamental Change; 
 (iii) the last date on which a Holder of Notes may
exercise the purchase right pursuant to Section 3.01; 
 (iv) the Fundamental Change Purchase Price; 

(v) the Fundamental Change Purchase Date; 

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

(vii) the applicable Conversion Rate and any adjustments to the applicable Conversion Rate resulting from the Fundamental
Change; 

  
 27 

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

(ix) that the Holder must exercise the purchase right prior to the Fundamental Change Expiration Time; 

(x) that the Holder shall have the right to withdraw any Notes surrendered for purchase prior to the Fundamental Change
Expiration Time; and 
 (xi) the procedures that Holders must follow to require the Company to purchase their Notes. 

(b) No failure of the Company to give the foregoing notices and no defect therein shall limit the Holders’ repurchase
rights or affect the validity of the proceedings for the repurchase of the Notes pursuant to Section 3.01. 
 (c) At the
Company’s written request, the Trustee shall give such notice in the Company’s name and at the Company’s expense; provided, however, that, in all cases, the text of such Fundamental Change Company Notice shall be
prepared by the Company; provided, further that the Company shall have delivered to the Trustee, at least five (5) Business Days before the Fundamental Change Company Notice is required to be mailed (or such shorter period agreed
to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the complete form of such notice and the information to be stated in such notice. Neither the Trustee nor the Paying Agent shall be
responsible for determining if a Fundamental Change has occurred or for delivering a Fundamental Change Company Notice to Holders. 

Section 3.03 Repurchase Procedures. 

(a) Purchases of Notes under Section 3.01 shall be made, at the option of the Holder thereof, upon: 

(i) if the Notes to be purchased are Physical Notes, delivery to the Paying Agent by the Holder of a duly completed notice (the
“Fundamental Change Purchase Notice”), in the form set forth in Attachment 2 to the Form of Note attached hereto as Exhibit A, together with the Notes duly endorsed for transfer, prior to Close of Business on the
Business Day immediately preceding the Fundamental Change Purchase Date, (the “Fundamental Change Expiration Time”); and 

(ii) if the Notes to be purchased are Global Notes, delivery of the Notes, by book-entry transfer, in compliance with the
Applicable Procedures and the satisfaction of any other requirements of the Depositary in connection with tendering beneficial interests in a Global Note for purchase, by the Fundamental Change Expiration Time. 

  
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 The Fundamental Change Purchase Notice in respect of any Notes to be purchased shall state: 

(i) if certificated, the certificate numbers of such Notes; 

(ii) the portion of the principal amount of such Notes to be purchased, which must be such that the principal amount of each
Note that is not to be purchased in full equals $1,000 or an integral multiple of $1,000 in excess thereof; and 
 (iii) that
such Notes are to be purchased by the Company pursuant to the applicable provisions of the Notes and this Indenture. 
 (b)
Notice to Company. The Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Purchase Notice or written notice of withdrawal thereof. 

Section 3.04 Effect of Fundamental Change Purchase Notice. Upon receipt by the Paying Agent of a Fundamental Change Purchase
Notice specified in Section 3.03, the Holder of the Note in respect of which such Fundamental Change Purchase Notice was given shall (unless such Fundamental Change Purchase Notice is withdrawn in accordance with Section 3.05) thereafter
be entitled to receive solely the Fundamental Change Purchase Price in cash with respect to such Note (and any previously accrued and unpaid interest on such Note). Such Fundamental Change Purchase Price shall be paid to such Holder, subject to
receipt of funds by the Paying Agent, on the later of (x) the applicable Fundamental Change Purchase Date (provided the conditions in this Article 3 have been satisfied, and subject to extensions to comply with applicable law) and (y) the
time of delivery or book-entry transfer of such Note to the Paying Agent by the Holder thereof in the manner required by Section 3.01. 

Section 3.05 Withdrawal of Fundamental Change Purchase Notice. A Fundamental Change Purchase Notice may be withdrawn (in whole or
in part) by means of a written notice of withdrawal delivered to the Paying Agent in accordance with the Fundamental Change Company Notice at any time prior to the Fundamental Change Expiration Time specifying: 

(a) the principal amount of the Notes with respect to which such notice of withdrawal is being submitted; 

(b) if certificated, the certificate numbers of the withdrawn Notes; and 

(c) the principal amount, if any, of each Note that remains subject to the Fundamental Change Purchase Notice which must be
such that the principal amount not to be purchased equals $1,000 or an integral multiple of $1,000 in excess thereof; 
 provided, however,
that if the Notes are Global Notes, the notice must comply with the Applicable Procedures. 

  
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 The Paying Agent will promptly return to the respective Holders thereof any Physical Notes with
respect to which a Fundamental Change Purchase Notice, has been withdrawn in compliance with the provisions of this Section 3.05. 

Section 3.06 Deposit of Fundamental Change Purchase Price. Prior to 11:00 a.m., New York City time, on the Fundamental Change
Purchase Date the Company shall deposit 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 herein) an amount of money (in
immediately available funds if deposited on such Business Day) sufficient to pay the Fundamental Change Purchase Price of all the Notes or portions thereof that are to be purchased as of the Fundamental Change Purchase Date. If the Paying Agent
holds cash sufficient to pay the Fundamental Change Purchase Price of the Notes for which a Fundamental Change Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Fundamental Change Purchase Date then as of
such Fundamental Change Purchase (a) such Notes will cease to be Outstanding and interest will cease to accrue thereon (whether or not book-entry transfer of such Notes is made or such Notes have been delivered to the Paying Agent) and
(b) all other rights of the Holders in respect thereof will terminate (other than the right to receive the Fundamental Change Purchase Price and any previously accrued and unpaid interest on such Notes upon delivery or book-entry transfer of
such Notes). 
 Section 3.07 Notes Purchased in Whole or in Part. Any Note that is to be purchased pursuant to this
Article 3, whether in whole or in part, shall be surrendered at the office of the Paying Agent (with 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, to the extent that only a part of the Note so surrendered is to be purchased, the Company shall execute and, upon receipt of a Company Order, the Trustee shall authenticate and
deliver to the Holder of such Note, without service charge, a new Note or Notes, 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 Note
so surrendered that is not purchased. 
 Section 3.08 Covenant To Comply with Applicable Laws upon Purchase of Notes. In
connection with any offer to purchase Notes under Sections 3.01, the Company shall, in each case if required by law, (i) comply with Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act that may then be
applicable, (ii) file a Schedule TO or any other required schedule under the Exchange Act and (iii) otherwise comply with all U.S. federal or state securities laws applicable to the Company in connection with such purchase offer, in each
case, so as to permit the rights and obligations under this Article 3 to be exercised in the time and in the manner specified under this Article 3. 

Section 3.09 Repayment to the Company. To the extent that the aggregate amount of cash deposited by the Company pursuant to
Section 3.06 exceeds the aggregate Fundamental Change Purchase Price of the Notes or portions thereof that the Company is obligated to purchase as of the Fundamental Change Purchase Date then, following the Fundamental Change Purchase Date the
Paying Agent shall promptly return any such excess to the Company. 

  
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 ARTICLE 4. 

CONVERSION 
 Section 4.01
Right To Convert. (a) Subject to and upon compliance with the provisions of the Indenture, each Holder shall have the right, at such Holder’s option, to convert its Notes, or any portion of its Notes such that the principal amount
that remains Outstanding of each Note that is not converted in full equals $1,000 or an integral multiple of $1,000 in excess thereof, in accordance with Section 4.03(a) hereof, (x) prior to the Close of Business on the Business Day
immediately preceding August 15, 2018, only upon satisfaction of one or more of the conditions described in Section 4.01(b) hereof, and (y) on or after August 15, 2018, at any time prior to the Close of Business on the Scheduled
Trading Day immediately preceding the Maturity Date regardless of the conditions described in this Article 4. 
 (b) (i)
Prior to the Close of Business on the Business Day immediately preceding August 15, 2018, a Holder may surrender Notes for conversion during any fiscal quarter commencing after December 29, 2013 (and only during such fiscal quarter) if the
Last Reported Sale Price of the Common Stock for at least 20 Trading Days (whether or not consecutive) during the period of 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding fiscal quarter is greater than or
equal to 130% of the applicable Conversion Price in effect on each applicable Trading Day. 
 (ii) Prior to the Close of
Business on the Business Day immediately preceding August 15, 2018, a Holder may surrender Notes for conversion during the five consecutive Business Day period after any five consecutive Trading Day period (the “Measurement
Period”) in which the Trading Price per $1,000 principal amount of Notes, as determined following a request by a Holder in accordance with the procedures set forth in this Section 4.01(b)(ii), for each Trading Day of such Measurement
Period was less than 98% of the product of (x) the Last Reported Sale Price of the Common Stock on such Trading Day and (y) the Conversion Rate in effect on such Trading Day. The Trading Price shall be determined by the Company or the Bid
Solicitation Agent, as applicable, pursuant to this Section 4.01(b)(ii) and the definition of “Trading Price” set forth in Section 1.01 hereof. The Company shall provide notice to the Bid Solicitation Agent of the three
independent nationally recognized securities dealers selected by the Company in accordance with the definition of Trading Price, along with the appropriate contact information for each. The Bid Solicitation Agent shall have no obligation to
determine the Trading Price of the Notes unless the Company has requested such determination in writing; and the Company shall have no obligation to make such request unless a Holder of a Note provides it with reasonable evidence that the Trading
Price per $1,000 principal amount of Notes would be less than 98% of the product of (x) the Last Reported Sale Price of the Common Stock on such Trading Day and (y) the Conversion Rate in effect on such Trading Day. At such time, the
Company shall instruct the Bid Solicitation Agent to determine the Trading Price per $1,000 principal amount of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of
Notes for a Trading Day is greater than or equal to 98% of the product of (x) the Last Reported Sale Price of 

  
 31 

 
the Common Stock on such Trading Day and (y) the Conversion Rate in effect on such Trading Day. Whenever the condition to conversion set forth in this Section 4.01(b)(ii) has been met,
the Company shall so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee). If, at any time after the condition to conversion set forth in this Section 4.01(b)(ii) has been met, the condition to conversion set
forth in this Section 4.01(b) (ii) ceases to be met, the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) on the first Trading Day on which such condition ceases to be met. The Trustee
shall have no obligation to determine the Trading Price of the Notes. 
 (iii) If the Company (x) issues to all or
substantially all holders of the Common Stock any rights, options or warrants entitling them for a period of not more than 60 calendar days after the date of such issuance to subscribe for or purchase shares of the Common Stock, at a price per share
less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or (y) distributes
to all or substantially all holders of the Common Stock the Company’s assets, debt securities or rights to purchase the Company’s securities, which distribution has a per share value, as reasonably determined by the Board of Directors,
exceeding 10% of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the date of announcement of such distribution, then, in either case, the Company must deliver notice of such issuance or distribution, and of
the Ex-Dividend Date for such issuance or distribution, to the Holders at least 65 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution. After the Company has delivered such notice, Holders may surrender their Notes
for conversion at any time until the earlier of (a) Close of Business on the Business Day immediately preceding such Ex-Dividend Date and (b) the Company’s announcement that such issuance or distribution will not take place, even if
the Notes are not otherwise convertible at such time. 
 (iv) If (x) a Make-Whole Fundamental Change occurs or
(y) the Company is a party to (a) a consolidation, merger or binding share exchange, pursuant to which the Common Stock would be converted into cash, securities or other assets or (b) a sale, conveyance, transfer or lease of all or
substantially all of the assets of the Company to another Person, the Notes may be surrendered for conversion at any time from or after the date which is 65 Scheduled Trading Days prior to the anticipated effective date of such transaction (or, if
later, the Business Day after the Company gives notice of such transaction) until the Close of Business (x) if such transaction or event is a Fundamental Change, on the Business Day immediately preceding the related Fundamental Change Purchase
Date, and (y) otherwise, on the 35th Business Day immediately following the effective date for such transaction or event. The Company shall notify the Holders and the Trustee of any such transaction or event as promptly as practicable following
the date the Company publicly announces such transaction but, if the Company has knowledge of such transaction at least 65 Scheduled 

  
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Trading Days prior to the anticipated effective date of such transaction, in no event less than 65 Scheduled Trading Days prior to such anticipated effective date, or, if the Company does not
have knowledge of such transaction at least 65 Scheduled Trading Days prior to the anticipated effective date of such transaction, within one Business Day of the date upon which the Company receives notice, or otherwise becomes aware, of such
transaction, but in no event later than the actual effective date of such transaction. 
 Section 4.02 Conversion Procedures.

 (a) Each Note shall be convertible at the office of the Conversion Agent and, if applicable, in accordance with the
Applicable Procedures. 
 (b) To exercise the conversion privilege with respect to a beneficial interest in a Global Note,
the Holder must comply with the Applicable Procedures for converting a beneficial interest on a Global note and pay the funds, if any, required by Section 4.02(f) and any taxes or duties if required pursuant to Section 4.02(g), and the
Conversion Agent must be informed of the conversion in accordance with the customary practice of the Depositary. 
 To
exercise the conversion privilege with respect to any Physical Notes, the Holder of such Physical Notes shall: 
 (i)
complete and manually sign a conversion notice in the form set forth in the Form of Notice of Conversion (the “Conversion Notice”) or a facsimile of the Conversion Notice; 

(ii) deliver the Conversion Notice, which is irrevocable, and the Note to the Conversion Agent; 

(iii) if required, furnish appropriate endorsements and transfer documents; 

(iv) if required, pay all transfer or similar taxes as set forth in Section 4.02(g); and 

(v) if required, make any payment required under Section 4.02(f). 

If a Note has been submitted for repurchase pursuant to a Fundamental Change Purchase Notice such Note may not be converted except to the
extent such Note has been withdrawn by the Holder and is no longer submitted for repurchase pursuant to a Fundamental Change Purchase Notice or unless such Fundamental Change Purchase Notice is withdrawn in accordance with Section 3.05 hereof
prior to the relevant Fundamental Change Expiration Time. 
 For any Note, the date on which the Holder of such Note satisfies all of the
applicable requirements set forth above with respect to such Note shall be the “Conversion Date” with respect to such Note. 

  
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 Each conversion shall be deemed to have been effected as to any such Notes (or portion
thereof) surrendered for conversion at the Close of Business on the applicable Conversion Date; provided, however, that the Person in whose name any shares of Common Stock shall be issuable upon conversion, if any, shall be treated as
a stockholder of record as of the Close of Business on the last Trading Day of the applicable Observation Period. For the avoidance of doubt, until a Holder is deemed to become the holder of record of shares of Common Stock issuable upon conversion
of such Holder’s Notes as contemplated in the immediately preceding sentence, such Holder shall not have any rights as a holder of the Common Stock with respect to the shares of Common Stock issuable upon conversion of such Notes. At the Close
of Business on the Conversion Date for a Note, the converting Holder shall no longer be the Holder of such Note. 

(c) Endorsement. Any Notes surrendered for conversion shall, unless shares of Common Stock issuable on conversion are to
be issued in the same name as the registration of such Notes, be duly endorsed by, or be accompanied by instruments of transfer in form satisfactory to the Company duly executed by, the Holder or its duly authorized attorney. 

(d) Physical Notes. If any Physical Notes in a denomination greater than $1,000 shall be surrendered for partial
conversion, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of the Physical Notes so surrendered, without charge, new Physical Notes in authorized denominations in an aggregate principal amount equal to the
unconverted portion of the surrendered Physical Notes. 
 (e) Global Notes. Upon the conversion of a beneficial
interest in Global Notes, the Conversion Agent shall make a notation in its records as to the reduction in the principal amount represented thereby. The Company shall notify the Trustee in writing of any conversions of Notes effected through any
Conversion Agent other than the Trustee. 
 (f) Interest Due Upon Conversion. If a Holder converts a Note after the
Close of Business on a Regular Record Date but prior to the Open of Business on the Interest Payment Date corresponding to such Regular Record Date, such Holder must accompany such Note with an amount of cash equal to the amount of interest that
will be payable on such Note on the corresponding Interest Payment Date; provided, however, that a Holder need not make such payment (1) if the Conversion Date follows the Regular Record Date immediately preceding the Maturity Date; (2) if
the Company has specified a Fundamental Change Purchase Date that is after a Regular Record Date and on or prior to the second Business Day immediately following the corresponding Interest Payment Date; or (3) to the extent of any overdue
interest, if any overdue interest exists at the time of conversion with respect to such Note. 
 (g) Taxes Due upon
Conversion. If a Holder converts a Note, the Company will pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of the Common Stock upon the conversion, unless the tax is due because the Holder requests that
any shares be issued in a name other than the Holder’s name, in which case the Holder will pay that tax. 

  
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 Section 4.03 Settlement Upon Conversion. 

(a) Except as provided in Section 4.03(b), Section 4.06 and Section 4.07, if a Holder surrenders a Note for
conversion, the Company will satisfy its obligation to convert the Note by delivering, on the third Business Day immediately following the final Trading Day of the Observation Period corresponding to the Conversion Date for such Note, cash and
shares of Common Stock, if any, equal to the sum of the Daily Settlement Amounts for each of the 60 consecutive Trading Days during the Observation Period for such Note. 

(b) Cash Election. Notwithstanding the provisions of Section 4.03(a), the Company may elect to settle all or a
portion of the Daily Share Amounts for each Trading Day in the Observation Period relating to a Conversion Date in cash (a “Cash Election”). 

(i) To make a Cash Election, the Company must deliver to each converting Holder, the Trustee and the Conversion Agent (if other
than the Trustee), written notice (a “Cash Percentage Notice”) specifying the portion of the Daily Net Value (which specified portion must be an integral percentage equal to or greater than 0% and less than or equal to 100%) that
the Company will settle in cash (the “Cash Percentage”). The Company will deliver such Cash Percentage Notice no later than the Close of Business on the Business Day immediately following such Conversion Date; provided,
however, that the Company will deliver a Cash Percentage Notice no later than the Close of Business on the Business Day immediately preceding the 65th Scheduled Trading Day immediately preceding the Maturity Date to all Holders, the Trustee
and the Conversion Agent (if other than the Trustee) with respect to all conversions occurring on or after the 65th Scheduled Trading Day immediately preceding the Maturity Date. Any such Cash Percentage Notice will apply to all conversions effected
on a given Conversion Date. 
 (ii) Delivery Obligation. If, for any Conversion Date, the Company fails to deliver a
Cash Percentage Notice in accordance with Section 4.03(b)(i), the Company must instead settle the Daily Net Value for each Trading Day in the Observation Period relating to such Conversion Date by delivering a number of shares of Common Stock,
if any, determined in accordance with Section 4.03(a), subject to the proviso to the definition of “Daily Settlement Amount.” 

(c) Fractional Shares. Notwithstanding the foregoing, the Company will not issue fractional shares of Common Stock as
part of the Daily Share Amount. Instead, if the Daily Share Amount for any Trading Day includes a fraction of a share of the Common Stock, the Company will, in lieu of delivering such fraction of a share of Common Stock, pay an amount of cash equal
to the product of (i) such fraction of a share and (ii) the Daily Net Value for such Trading Day of such Observation Period. 

(d) Conversion of Multiple Notes by Single Holder. If a Holder surrenders more than one Note for conversion on a single
day, the number of shares of Common Stock, if any, that the Company will deliver, and the amount of cash that the Company will pay in lieu of fractional shares of Common Stock, if any, shall be determined based on the total principal amount of Notes
surrendered by such Holder. 

  
 35 

 (e) Settlement of Accrued Interest and Deemed Payment of Principal. If a
Holder converts a Note, the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and the Company’s delivery or payment, as the case may be, of cash and, if applicable, shares of Common Stock
into which a Note is convertible will be deemed to satisfy and discharge in full the Company’s obligation to pay the principal of, and accrued and unpaid, including Additional Interest, if any, on, such Note to, but excluding, the Conversion
Date; provided, however, that subject to Section 4.02(f), if a Holder converts a Note after the Close of Business on a Regular Record Date and prior to the Open of Business on the corresponding Interest Payment Date, the Company
will still be obligated to pay the interest due on such Interest Payment Date to the Holder of such Note on such Regular Record Date. 

As a result, except as otherwise provided in the proviso to the immediately preceding sentence, any accrued and unpaid interest
with respect to a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, if the Daily Settlement Amount for any Note includes both cash and shares of the Common Stock, accrued and unpaid
interest will be deemed to be paid first out of the amount of cash delivered upon such conversion. 
 (f) Notices.
Whenever a Conversion Date occurs with respect to a Note, the Conversion Agent will, as promptly as possible, and in no event later than the Open of Business on the Business Day immediately following such Conversion Date, deliver to the Company and
the Trustee, if it is not then the Conversion Agent, notice that a Conversion Date has occurred, which notice will state such Conversion Date, the principal amount of Notes converted on such Conversion Date and the names of the Holders that
converted Notes on such Conversion Date. 
 (g) On the first Business Day immediately following the last Trading Day of the
Observation Period applicable to any Note surrendered for conversion, the Company will deliver a written notice to the Conversion Agent and the Trustee (if not also the Conversion Agent) stating the amount of cash and the number of shares of Common
Stock, if any, that the Company is obligated to pay or deliver, as the case may be, to satisfy its conversion obligation with respect to each Note converted on such Conversion Date. 

Section 4.04 Adjustment of Conversion Rate. The Conversion Rate will be adjusted as described in this Section 4.04, except
that the Company shall not make any adjustment to the Conversion Rate if Holders participate (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Stock and as a result of
holding the Notes, in any of the transactions described below without having to convert their Notes, as if they held a number of shares of Common Stock equal to the applicable Conversion Rate, multiplied by the principal amount (expressed in
thousands) of Notes held by such Holder. 

  
 36 

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

 

			
	CR1 = CR0 ×	 	OS1
	 	OS0

  

			
	where,
		
	CR0 =	  	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date of such share split or combination,
as applicable;
		
	CR1 =	  	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date or such effective date, as applicable;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such effective date, as applicable; and
		
	OS1 =	  	the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, share split or share combination, as applicable.

 Any adjustment made under this Section 4.04(a) shall become effective immediately after the Open of
Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the effective date for such share split or share combination. If any dividend or distribution of the type described in this
Section 4.04(a) is declared but not so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution, to the Conversion Rate that would
then be in effect if such dividend or distribution had not been declared. 
 (b) If the Company issues to all or
substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 60 calendar days after the date of such issuance, to subscribe for or purchase shares of the Common Stock, at a price per
share less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement for such issuance, the Conversion
Rate will be increased based on the following formula: 
  

																			
		 		 		 	 CR1 = CR0 ×
	 	 OS0 + X    
	 		 		 		 	
	 	 	 	 	OS0 + Y	 		 		 		 	

  
 37 

			
	CR0	  	= the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such issuance;
		
	CR1	  	= the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		
	OS0	  	= the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date;
		
	X	  	= the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
		
	Y	  	= the number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants divided by the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive
Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options or warrants.

 Any increase made under this Section 4.04(b) will be made successively whenever any such rights, options
or warrants are issued and shall become effective immediately after the Open of Business on the Ex-Dividend Date for such issuance. To the extent that such rights, options or warrants are not exercised prior to their expiration or shares of Common
Stock are not delivered upon the expiration of such rights, options or warrants, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the increase with respect to the issuance of such rights, options or
warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. If such rights, options or warrants are not so issued, or if such rights, options or warrants are not exercised prior to their expiration,
the Conversion Rate shall be decreased to be the Conversion Rate that would then be in effect if such issuance had not occurred. 
 For
purposes of this Section 4.04(b) and Section 4.01(b)(iv) hereof, in determining whether any rights, options or warrants entitle the holders of the Common Stock to subscribe for or purchase shares of the Common Stock at a price per share
less than such average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the date of announcement of such issuance, and in determining the aggregate
offering price of such shares of the Common Stock, there shall be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise thereof, the value of such consideration, if other
than cash, to be determined by the Board of Directors. 
 (c) If the Company distributes shares of its Capital Stock,
evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock or other securities, to all or substantially all holders of the Common Stock, excluding: 

(i) dividends or distributions, rights options or warrants as to which an adjustment is effected pursuant to
Section 4.04(a) hereof or Section 4.04(b) hereof; 

  
 38 

 (ii) dividends or distributions paid exclusively in cash as to which an
adjustment is effected pursuant to Section 4.04(d) hereof; and 
 (iii) Spin-Offs as to which the provisions set forth
below in this Section 4.04(c) shall apply; 
 (any of such shares of Capital Stock, evidences of indebtedness, other assets or property
or rights, options or warrants to acquire Capital Stock or other securities of the Company, the “Distributed Property”), then the Conversion Rate shall be increased based on the following formula: 

 

											
		 		 	CR1 = CR0 ×	 	 SP0
	 		 	
	 	 	 	SP0 – FMV	 		 	

  

			
	where,
		
	CR0	  	= the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such distribution;
		
	CR1	  	= the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		
	SP0	  	= the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
		
	FMV	  	= the fair market value (as determined by the Board of Directors) of Distributed Property with respect to each outstanding share of the Common Stock as of the Open of Business on the Ex-Dividend Date for such distribution.

 If “FMV” (as defined above) is equal to or greater than the “SP0” (as defined above), in lieu of the foregoing increase, each Holder of Notes shall receive, in respect of each $1,000 principal amount of Notes it holds, at the same time and upon the same
terms as holders of the Common Stock, the amount and kind of Capital Stock, evidences of the Company’s indebtedness, other assets or property of the Company or rights, options or warrants to acquire the Capital Stock or other securities that
such Holder would have received as if such Holder owned a number of shares of Common Stock equal to the Conversion Rate in effect immediately prior to the record date for the distribution. 

Any increase made pursuant to the formula above will become effective immediately after the Open of Business on the Ex-Dividend Date for such
distribution. If such 

  
 39 

 
distribution (including a Spin-Off) is not so paid or made, the Conversion Rate shall be decreased to be the Conversion Rate that would then be in effect if such dividend or distribution had not
been declared. 
 With respect to an adjustment pursuant to this Section 4.04(c) where there has been a payment of a dividend or other
distribution on the Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to any Subsidiaries of the Company or business units of the Company, and such Capital Stock or similar equity interest is
listed or quoted (or will be listed or quoted upon the consummation of the distribution) on a U.S. national securities exchange or a reasonably comparable non-U.S. equivalent (a “Spin-Off”), the Conversion Rate will be increased
based on the following formula: 
  

											
		 		 	CR1 = CR0 ×	 	 FMV0 + MP0
	 		 	
	 	 	 	MP0	 		 	

  

			
	where,
		
	CR0	  	= the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such Spin-Off;
		
	CR1	  	= the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such Spin-Off;
		
	FMV0	  	= the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of Common Stock applicable to one share of Common Stock over the first 10 consecutive Trading Day period after,
but excluding, the effective date of the Spin-Off (the “Valuation Period”); and
		
	MP0	  	= the average of the Last Reported Sale Prices of Common Stock over the Valuation Period.

 If a Holder converts a Note and the first Trading Day of the Observation Period applicable to such Note occurs
after the first Trading Day of the Valuation Period for a Spin-Off, but on or before the last Trading Day of the Valuation Period for such Spin-Off, then the reference in the above definition of “FMV0” to “10” Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the first Trading Day of the Valuation Period for such
Spin-Off to, but excluding, the first Trading Day of such Observation Period. If a Holder converts a Note and one or more Trading Days of the Observation Period for such Note occurs on or after the Ex-Dividend Date for a Spin-Off but on or prior to
the first Trading Day of the Valuation Period for such Spin-Off, such Observation Period will be suspended from, and including, the first such Trading Day to, and including, the first Trading Day of the Valuation Period for such Spin-Off and will
resume immediately after the first Trading Day of the Valuation Period for such Spin-Off, with the reference in the above definition of “FMV0” to “10 consecutive” Trading
Days deemed replaced with a reference to “one (1)” Trading Day. 

  
 40 

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

											
		 		 	CR1 = CR0 ×	 	 SP0
	 		 	
	 	 	 	SP0 – C	 		 	

  

			
	where,
		
	CR0	  	= the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		
	CR1	  	= the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		
	SP0	  	= the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and
		
	C	  	= the amount in cash per share that the Company distributes to holders of the Common Stock.

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

  
 41 

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

 

											
		 		 	CR1 = CR0 ×	 	 AC + (SP1 × OS1)
	 		 	
	 	 	 	OS0 × SP1	 		 	

  

			
	where,
		
	CR0	  	= the Conversion Rate in effect immediately prior to the Close of Business on the Offer Expiration Date;
		
	CR1	  	= the Conversion Rate in effect immediately after the Close of Business on the Offer Expiration Date;
		
	AC	  	= the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares of Common Stock purchased in such tender or exchange offer;
		
	OS0	  	= the number of shares of Common Stock outstanding immediately prior to the expiration time of the tender or exchange offer on the Offer Expiration Date (prior to giving effect to the purchase of all shares accepted for purchase or
exchange in such tender or exchange offer);
		
	OS1	  	= the number of shares of Common Stock outstanding immediately after the expiration time of the tender or exchange offer on the Offer Expiration Date (after giving effect to the purchase of all shares accepted for purchase or
exchange in such tender or exchange offer); and
		
	SP1	  	= the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the Offer Expiration Date (the “Averaging
Period”).

 If a Holder converts a Note and the first Trading Day of the Observation Period for such Note occurs after the
first Trading Day of the Averaging Period for a tender or exchange offer, but on or before the last Trading Day of the Averaging Period for such tender or exchange offer, the reference in the above definition of “SP1” to “10” shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the first Trading Day of the Averaging Period for such tender or
exchange offer to, but excluding, the first Trading Day of such Observation Period. If a Holder converts a Note and one or more Trading Days of the Observation Period for such Note occurs on or after the Offer Expiration Date for a tender or
exchange offer, but on or prior to the first 

  
 42 

 
Trading Day in the Averaging Period for such tender or exchange offer, such Observation Period will be suspended on the first such Trading Day and will resume immediately after the first Trading
Day of the Averaging Period for such tender or exchange offer and the reference in the above definition of “SP1” to “10” shall be deemed replaced with a reference to
“one.” 
 (f) Special Settlement Provisions. 

Notwithstanding anything go the contrary herein, if a Holder converts a Note and the Daily Settlement Amount for any Trading Day during the
Observation Period applicable to such Note (i) is calculated based on a Conversion Rate adjusted on account of any event described in any of Section 4.04(a) through Section 4.04(e) hereof and (ii) includes any shares of Common
Stock that, but for this provision, would entitle the Holder to participate in such event, then, although the Company shall otherwise treat such Holder as the holder of record of such shares of the Common Stock on the last Trading Day of such
Observation Period, the Company shall not permit such Holder to participate in such event on account of such share of the Common Stock. 

In addition, notwithstanding anything to the contrary herein, if a Holder converts a Note and: 

(A) the record date, effective date or Offer Expiration Date for any event that requires an adjustment to the Conversion Rate
under any of Sections 4.04(a) through (e) hereof occurs: 
 1. on or after the first Trading Day of such Observation
Period; and 
 2. on or prior to the last Trading Day of such Observation Period; and 

(B) the Daily Settlement Amount for any Trading Day in such Observation Period that occurs on or prior to such record date,
effective date or Offer Expiration Date: 
 1. includes shares of the Common Stock that do not entitle their holder to
participate in such event; and 
 2. is calculated based on a Conversion Rate that is not adjusted on account of such event;

 then on account of such conversion, the Company will, on such record date, effective date or Offer Expiration Date treat such Holder, as a
result of having converted such Notes, as though it were the record holder, of a number of shares of Common Stock equal to the total number of shares of Common Stock that: 

(A) are deliverable as part of the Daily Settlement Amount: 

1. for a Trading Day in such Observation Period that occurs on or prior to such record date, effective date or Offer Expiration
Date; and 

  
 43 

 2. is calculated based on a Conversion Rate that is not adjusted for such event;
and 
 (B) if not for this provision, would not entitle such holder to participate in such event. 

(g) Poison Pill. If a Holder converts a Note, to the extent that the Company has a rights plan in effect, on any Trading
Day in the Observation Period applicable to such Note, the Holder converting such Note will receive, in addition to any shares of Common Stock otherwise received in connection with such conversion on such Conversion Date or such Trading Day, as the
case may be, the rights under the rights plan, unless prior to such Conversion Date or such Trading Day, as the case may be, the rights have separated from the Common Stock, in which case, and only in such case, the Conversion Rate will be adjusted
at the time of separation as if the Company distributed to all holders of the Common Stock, Distributed Property as described in Section 4.04(c) hereof, subject to readjustment in the event of the expiration, termination or redemption of such
rights. 
 (h) Deferral of Adjustments. Notwithstanding anything to the contrary herein, the Company will not be
required to adjust the Conversion Rate unless such adjustment would require an increase or decrease of at least one percent (1%) in the Conversion Rate; provided, however, that the Company shall carry forward any adjustment that is less than
one percent (1%) of the Conversion Rate, shall take such carried-forward adjustments into account in any subsequent adjustment, and shall make such carried-forward adjustments, regardless of whether the aggregate adjustment is less than one
percent (1%), (i) annually on the anniversary of the first date of issue of the Notes and (ii) otherwise (A) on each Trading Day during the Observation Period with respect to a Note surrendered for conversion or (B) prior to any
Fundamental Change Purchase Date, unless such adjustment has already been made. 
 (i) Limitation on Adjustments.
Except as stated in this Section 4.04, the Company will not adjust the Conversion Rate for the issuance of shares of Common Stock or any securities convertible into or exchangeable for shares of Common Stock or the right to purchase shares of
Common Stock or such convertible or exchangeable securities. If, however, the application of the formulas in Sections 4.04(a) through (e) hereof would result in a decrease in the Conversion Rate, then, except to the extent of any readjustment
to the Conversion Rate, no adjustment to the Conversion Rate will be made (other than as a result of a reverse share split or share combination). 

In addition, notwithstanding anything to the contrary herein, the Conversion Rate will not be adjusted: 

(i) on account of stock repurchases that are not tender offers referred to in Section 4.04(e) hereof, including structured
or derivative transactions, or transactions pursuant to a stock repurchase program approved by the Board of Directors or otherwise; 

  
 44 

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

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

(iv) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or
convertible security not described in Section 4.04(i)(iii) immediately above and outstanding as of the date the Notes were first issued; 

(v) for a change in the par value of the Common Stock; or 

(vi) for accrued and unpaid interest on the Notes, if any. 

In addition, the Company will not undertake any action that (i) would result in the Company being required, pursuant to this Indenture, to
adjust the Conversion Rate such that the Conversion Price per share of Common Stock will be less than the par value of the Common Stock or (ii) that, after giving effect to any adjustment pursuant to this Article 4, would result in the
issuance of shares of Common Stock for less than the par value of such shares of Common Stock. 
 (j) For purposes of this
Section 4.04, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company so long as the Company does not pay any dividend or make any distribution on shares of Common Stock held in
the treasury of the Company, but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. 

Section 4.05 Discretionary and Voluntary Adjustments. 

(a) Discretionary Adjustments. Whenever any provision of this Indenture requires the Company to calculate the Last
Reported Sale Prices, the Daily VWAPs or any function thereof over a span of multiple days (including during an Observation Period), the Company will make appropriate adjustments to each to account for any adjustment to the Conversion Rate that
becomes effective, or any event requiring an adjustment to the Conversion Rate where the effective date, Ex-Dividend Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices, the Daily
VWAPs or function thereof is to be calculated. 
 (b) Voluntary Adjustments. To the extent permitted by applicable law
and applicable requirements of The New York Stock Exchange, the Company is permitted to increase the Conversion Rate of the Notes by any amount for a period of at least 20 Business Days if the Board of Directors determines that such increase would
be in the Company’s best interest. To the extent permitted by applicable law and applicable 

  
 45 

 
requirements of The New York Stock Exchange, the Company may also (but is not required to) increase the Conversion Rate to avoid or diminish income tax to holders of Common Stock or rights to
purchase shares of Common Stock in connection with a dividend or distribution of shares (or rights to acquire shares) or similar event. 

Section 4.06 Adjustment to Conversion Rate Upon Conversion in Connection with a Make-Whole Fundamental Change. 

(a) Increase in the Conversion Rate. If a Make-Whole Fundamental Change occurs and a Holder elects to convert its Notes
in connection with such Make-Whole Fundamental Change, then the Company shall, to the extent provided herein, increase the Conversion Rate for the Notes so surrendered for conversion by a number of additional shares of Common Stock (the
“Additional Shares”), as described in this Section 4.06. A conversion of Notes shall be deemed for these purposes to be “in connection with” a Make-Whole Fundamental Change if the relevant Conversion Notice is
received by the Conversion Agent during the period from, and including, the Effective Date of the Make-Whole Fundamental Change up to, and including, the Close of Business on the Business Day immediately prior to the related Fundamental Change
Purchase Date or, if such Make-Whole Fundamental Change is not also a Fundamental Change, the 35th Business Day immediately following the Effective Date for such Make-Whole Fundamental Change (such period, the “Make-Whole Fundamental Change
Period”). 
 (b) Cash Mergers. Notwithstanding anything to the contrary herein, if the consideration paid to
holders of the Common Stock in any Make-Whole Fundamental Change described in clause (2) of the definition of “Fundamental Change” is comprised entirely of cash, then, for any conversion of Notes following the Effective Date of such
Make-Whole Fundamental Change, the payment and delivery obligations upon the conversion of a Note shall be calculated based solely on the Stock Price for such Make-Whole Fundamental Change and shall be deemed to be an amount equal to the applicable
Conversion Rate (including any adjustment as described in this Section 4.06) multiplied by such Stock Price. In such event, the Company’s conversion obligation will be determined and paid to Holders in cash on the third Business Day
following the applicable Conversion Date. Otherwise, the Company will settle any conversion of the Notes following the Effective Date for a Make-Whole Fundamental Change in accordance with Section 4.03 hereof (but subject to Section 4.04
hereof). 
 (c) Determining the Number of Additional Shares. The number of Additional Shares, if any, by which the
Conversion Rate will be increased for a Holder that converts its Notes in connection with a Make-Whole Fundamental Change shall be determined by reference to the table attached as Schedule A hereto, based on the date on which the
Make-Whole Fundamental Change occurs or becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid (or deemed paid) per share of the Common Stock in the Make-Whole Fundamental Change, as
determined under the two immediately following sentences. If the holders of the Common Stock receive only cash in a Make-Whole Fundamental Change described in clause (2) of the definition of “Fundamental Change,” the Stock Price shall
be the cash amount paid per share of Common Stock. Otherwise, the Stock Price shall be the average of the Last Reported Sale Prices of the 

  
 46 

 
Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Effective Date of the Make-Whole Fundamental Change. 

(d) Interpolation and Limits. The exact Stock Prices and Effective Dates may not be set forth in the table in
Schedule A, in which case: 
 (i) If the Stock Price is between two Stock Prices in the table or the Effective
Date is between two dates in the table, the number of Additional Shares shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Stock Prices and the earlier and later dates, as
applicable, based on a 365-day year. 
 (ii) If the Stock Price is greater than $28.00 per share (subject to adjustment in
the same manner as the Stock Prices set forth in the column headings of the table in Schedule A hereof), no Additional Shares will be added to the Conversion Rate. 

(iii) If the Stock Price is less than $7.77 per share (subject to adjustments in the same manner as the Stock Prices set forth
in the column headings of the table in Schedule A hereof), no Additional Shares will be added to the Conversion Rate. 

Notwithstanding the foregoing, in no event will the Conversion Rate be increased on account of a Make-Whole Fundamental Change
to exceed 128.7001 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustments in the same manner as the Conversion Rate is required to be adjusted as set forth in Section 4.04 hereof. 

(iv) The Stock Prices set forth in the column headings of the table in Schedule A hereto shall be adjusted as of
any date on which the Conversion Rate of the Notes is otherwise required to be adjusted. The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the
Conversion Rate immediately prior to such adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional Shares set forth in such table shall be adjusted in the same
manner and at the same time as the Conversion Rate is required to be adjusted as set forth in Section 4.04. 
 (e)
Notices. The Company shall notify the Holders of the Effective Date of any Make-Whole Fundamental Change and issue a press release announcing such Effective Date no later than five Business Days after such Effective Date. 

(f) Special Settlement Provisions. Notwithstanding anything to the contrary herein, if a Holder converts a Note and the
Daily Settlement Amount for any Trading Day during the Observation Period applicable to such Note (i) is calculated based on a 

  
 47 

 
Conversion Rate adjusted on account of any event described in Section 4.04(a) through Section 4.04(e) and (ii) includes any share of Common Stock that, but for this provision,
would entitle the Holder to participate in such event, then, although the Company will otherwise treat such Holder as the holder of record of such shares of Common Stock on the last Trading Day of such Observation Period, the Company shall not
permit such Holder to participate in such event on account of such shares of the Common Stock. 
 Section 4.07 Effect of
Recapitalization, Reclassification, Consolidation, Merger or Sale. 
 (a) Merger Events. In the case of: 

(i) any recapitalization, reclassification or change of the Common Stock (other than a change in par value, or from par value
to no par value, or from no par value to par value, or as a result of a split, subdivision or combination for which an adjustment is made pursuant to Section 4.04(a) hereof); 

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

(iii) any sale, lease or other transfer to a third party of the consolidated assets of the Company and its Subsidiaries
substantially as an entirety; or 
 (iv) any binding share exchange; 

and, in each case, as a result of which the Common Stock would be converted into, or exchanged for, common stock, other securities, other property or
assets (including cash or any combination thereof) (any such event, a “Merger Event,” any such common stock, other securities, other property or assets (including cash or any combination thereof), “Reference
Property,” and (i) the amount and kind of Reference Property that a holder of one share of Common Stock is entitled to receive in the applicable Merger Event, or (ii) if as a result of the applicable Merger Event, each share of
Common Stock is converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), the per share of Common Stock weighted average of the amounts and kinds
of Reference Property received by the holders of Common Stock that affirmatively make such an election, a “Unit of Reference Property”) then, at the effective time of such Merger Event, the right to convert each $1,000 principal
amount of Notes based on a number of shares of the Common Stock equal to the Conversion Rate in effect immediately prior to such Merger Event will, without the consent of the Holders, be changed into a right to convert each $1,000 principal amount
of Notes into or based on a number of Units of Reference Property equal to the Conversion Rate in effect immediately prior to such Merger Event, and, prior to or at the effective time of such Merger Event, the Company or the successor or purchasing
Person, as the case may be, shall execute with the Trustee a supplemental indenture providing for such change in the right to convert each $1,000 principal amount of Notes; provided, however, that at and
after the effective time of the Merger Event, (i) any amount payable in cash upon conversion of the Notes in accordance with Section 4.03 hereof shall continue to be payable in cash, (ii) the number of shares of Common Stock that
the Company would have been required to deliver upon conversion of the Notes in accordance with Section 4.03 hereof shall instead be deliverable in  

  
 48 

 
Units of Reference Property and (iii) the Daily VWAP and the Last Reported Sale Price will, to the extent reasonably possible, be calculated based on the value of a Unit of Reference
Property, and the definitions of Trading Day and Market Disruption Event shall be determined by reference to the components of a Unit of Reference Property. The Company shall notify Holders of the weighted average as soon as practicable after such
determination is made. 
 The Company shall not become a party to any Merger Event unless its terms are consistent with this
Section 4.07. Such supplemental indenture described in the first paragraph of this Section 4.07(a) shall provide for adjustments which shall be as nearly equivalent to the adjustments provided for in this Article 4 in the judgment of the
Board of Directors or the board of directors of the successor Person. If, in the case of any such Merger Event, the Reference Property receivable thereupon by a holder of Common Stock includes shares of stock, securities or other property or assets
(including cash or any combination thereof) of a Person other than the successor or purchasing Person, as the case may be, in such Merger Event, then such indenture shall also be executed by such other Person. 

(b) Notice of Supplemental Indentures. The Company shall cause written 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 Notes maintained by the Registrar, within 20 calendar days after execution thereof. Failure to deliver such notice shall not affect the
legality or validity of such supplemental indenture. The above provisions of this Section 4.07 shall similarly apply to successive Merger Events. 

Section 4.08 Certain Covenants. 

(a) Reservation of Shares. To the extent necessary to satisfy its obligations under this Indenture, prior to issuing any
shares of Common Stock, the Company will 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 Notes. 

(b) Certain other Covenants. The Company covenants that all shares of Common Stock that may be issued upon conversion of
Notes shall be issued in book-entry format, shall be newly issued shares or treasury shares, shall be duly authorized, validly issued, fully paid and non-assessable and shall be free from preemptive rights and free from any tax, lien or charge
(other than those created by the Holder or due to a change in registered owner). The Company shall list or cause to have quoted any shares of Common Stock to be issued upon conversion of Notes on each national securities exchange or over-the-counter
or other domestic market on which the Common Stock is then listed or quoted. 
 (c) Listing Standards. The Company
shall not enter into any transaction, or take any other action, that would result in any increase to the Conversion Rate (whether under Sections 4.04(b) through 4.04(e) or Section 4.06) that would result, in the aggregate, in the Notes being
convertible into a number of shares of Common Stock in excess of any limitations imposed by the continued listing standards of The New York Stock Exchange, without complying, if applicable, with the shareholder approval rules contained in such
listing standards. 

  
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 Section 4.09 Responsibility of Trustee. The Trustee and any Conversion Agent shall
not at any time be under any duty or responsibility to any Holder of Notes to determine or calculate the Conversion Rate, to determine whether any facts exist which may require any adjustment of the Conversion Rate, or to confirm the accuracy of any
such adjustment when made or the appropriateness of the method employed, or herein or in any supplemental indenture provided to be employed, in making the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the
validity or value (or the kind or amount) of any shares of Common Stock or of any cash or other securities or property that may at any time be issued or delivered upon the conversion of any Notes; and the Trustee and the Conversion Agent make no
representations with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock or stock certificates or other securities or property or
cash upon the surrender of any Notes for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article 4. The rights, privileges, protections, immunities and benefits given to
the Trustee, including without limitation its right to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, including its capacity as Conversion Agent and as Bid
Solicitation Agent. 
 Section 4.10 Notice of Adjustment to the Trustee. Whenever the Conversion Rate is adjusted as herein
provided, the Company shall promptly (i) file with the Trustee and any Conversion Agent (if other than the Trustee) an Officer’s Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the
facts requiring such adjustment; provided that unless and until a Responsible Officer of the Trustee shall have received such Officer’s Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion
Rate and may assume that the last Conversion Rate of which it has knowledge is still in effect and (ii) deliver written notice to the Holders, at his or her last address appearing on the Register provided for in Section 2.06 of this
Indenture, stating that such adjustment has become effective and the Conversion Rate or conversion privilege as adjusted. Failure to deliver such notice shall not affect the legality, effectiveness or validity of any such adjustment and shall not be
an Event of Default under this Indenture. 
 Section 4.11 Notice to Holders. 

(a) Notice to Holders Prior to Certain Actions. The Company shall deliver written notices of the events specified below
at the times specified below and containing the information specified below unless, in each case, (i) pursuant to this Indenture, the Company is already required to deliver notice of such event containing at least the information specified
below at an earlier time or (ii) the Company, at the time it is required to deliver a notice, does not have knowledge of all of the information required to be included in such notice, in which case, the Company shall (A) deliver notice at
such time containing only the information that it has knowledge of at such time (if it has knowledge of any such information at such time), and (B) promptly upon obtaining knowledge of any such information not already included in a notice
delivered by the Company, deliver notice to each Holder containing such information. In each case, the failure by the Company to give such notice, or any defect therein, shall not affect the legality or validity of such event. 

  
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 (i) Issuances, Distributions, and Dividends and Distributions. If the
Company (A) announces any issuance of any rights, options or warrants that would require an adjustment in the Conversion Rate pursuant to Section 4.04(b) hereof; (B) authorizes any distribution that would require an adjustment in the
Conversion Rate pursuant to Section 4.04(c) hereof (including any separation of rights from the Common Stock described in Section 4.04(g) hereof); or (C) announces any dividend or distribution that would require an adjustment in the
Conversion Rate pursuant to Section 4.04(d) hereof, then the Company shall deliver to the Holders, as promptly as practicable after the holders of the Common Stock are notified of such event, notice describing such issuance, dividend or
distribution, as the case may be, and stating the expected Ex-Dividend Date and record date for such issuance, dividend or distribution, as the case may be. In addition, the Company shall deliver to the Holders written notice if the consideration
included in such issuance, dividend or distribution, or the Ex-Dividend Date or record date of such issuance, dividend or distribution, as the case may be, changes. 

(ii) Tender and Exchange Offers. If the Company announces any tender or exchange offer that could require an adjustment
in the Conversion Rate pursuant to Section 4.04(e) hereof, the Company shall deliver to the Holders on the day it announces such tender or exchange offer, and, if the Company is required to file with the Commission a Schedule TO in connection
with such tender or exchange offer, an additional written notice (i) when the Company first files such Schedule TO, which notice shall include the address at which such Schedule TO is available on the Commission’s EDGAR system (or any
successor thereto), and (ii) whenever the Company files an amendment to such Schedule TO, which notice shall include the address at which such amendment is available on the Commission’s EDGAR system (or any successor thereto). 

(iii) Voluntary Increases. If the Company increases the Conversion Rate pursuant to Section 4.05(b), the Company
shall deliver notice to the Holders at least two Scheduled Trading Days prior to the date on which such increase will become effective, which notice shall state the date on which such increase will become effective and the amount by which the
Conversion Rate will be increased. 
 (iv) Dissolutions, Liquidations and Winding-Ups. If there is a voluntary or
involuntary dissolution, liquidation or winding-up of the Company, the Company shall deliver notice to the Holders at promptly as possible, but in any event prior to the earlier of (i) the date on which such dissolution, liquidation or
winding-up, as the case may be, is expected to become effective or occur, and (ii) the date as of which it is expected that holders of Common Stock of record shall be entitled to exchange their Common Stock for securities or other property
deliverable upon such dissolution, liquidation or winding-up, as the case may be, which notice shall state the expected effective date and record date for such event, as applicable, and the amount and kind of property that a holder of one share of
the Common Stock is expected to be entitled, or may elect, to receive in such event. The Company shall deliver an additional written notice to Holders, as 

  
 51 

 
promptly as practicable, whenever the expected effective date or record date, as applicable, or the amount and kind of property that a holder of one share of the Common Stock is expect to be
entitled to receive in such event, changes. 
 ARTICLE 5. 

COVENANTS 
 Section 5.01
Payment of Principal, Interest and Fundamental Change Purchase Price. 
 The Company covenants and agrees that it will cause to be
paid the principal of (including the Fundamental Change Purchase Price) and accrued and unpaid interest, if any, on each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes. 

Section 5.02 Maintenance of Office or Agency. 

The Company will maintain in New York City, New York an office of the Paying Agent, an office of the Registrar and an office or agency
where Notes may be surrendered for conversion (“Conversion Agent”) and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to the
Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office or the office or agency of the Trustee in New York City, New York. 

The Company may also from time to time designate as co-registrars one or more other offices or agencies where the Notes may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in New York City, New York for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. The terms “Paying
Agent” and “Conversion Agent” include any such additional or other offices or agencies, as applicable.  
 The Company
hereby initially designates the Trustee as the Paying Agent, Registrar, Custodian, Conversion Agent and Bid Solicitation Agent, and its corporate trust office which is at 100 Wall Street, Suite 1600, New York City, New York 10005, shall be
considered as one such office or agency of the Company for each of the aforesaid purposes. The Company or its Affiliates may act as Paying Agent or Registrar, until and unless an Event of Default shall have occurred under this Indenture, at which
time the Trustee shall be the Paying Agent. 
 With respect to any Global Note, the Corporate Trust Office of the Trustee or any
Paying Agent shall be the place of payment where such Global Note may be presented or surrendered for payment or conversion or for registration of transfer or exchange, or where successor Notes may be delivered in exchange therefor; provided,
however, that any such payment, conversion, presentation, surrender or delivery effected pursuant to the Applicable Procedures for such Global Note shall be deemed to have been effected at the place of payment for such Global Note in
accordance with the provisions of this Indenture. 

  
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 Section 5.03 Provisions as to Paying Agent. 

(a) If the Company shall appoint a Paying Agent other than the Trustee, the Company will cause such Paying Agent to execute and
deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 5.03: 

(i) that it will hold all sums held by it as such agent for the payment of the principal of, any premium on, accrued and unpaid
interest, if any, on, or any Fundamental Change Purchase Price for, the Notes held in trust for the benefit of the holders of the Notes; 

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

(iii) that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay to the
Trustee all sums so held in trust. 
 The Company shall, on or before each due date of the principal of, any premium on, accrued and
unpaid interest, if any, on, or any Fundamental Change Purchase Price for, the Notes, deposit with the Paying Agent a sum sufficient to pay such principal, premium, accrued and unpaid interest, or any Fundamental Change Purchase Price, as the case
may be, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of any failure to take such action, provided that, if such deposit is made on the due date, such deposit must be received by the
Paying Agent by 11:00 a.m., New York City time, on such date. 
 (b) If the Company shall act as its own Paying Agent,
it will, on or before each due date of the principal of, any premium on, accrued and unpaid interest, if any, on, or any Fundamental Change Purchase Price for, the Notes, set aside, segregate and hold in trust for the benefit of the Holders of the
Notes a sum sufficient to pay such amount, so becoming due and will promptly notify the Trustee in writing of any failure to take such action and of any failure by the Company to make any such payment when the same shall become due and payable. 

(c) Anything in this Section 5.03 to the contrary notwithstanding, the Company may, at any time, for the purpose of
obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or any Paying Agent hereunder as required by this Section 5.04, such sums to be held
by the Trustee upon the trusts herein contained and upon such payment by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released from all further liability with respect to such sums. 

  
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 (d) Any money deposited with the Trustee or any Paying Agent, or then held by the
Company, in trust for the payment of the principal of, any premium on, accrued and unpaid interest, if any, on, or any Fundamental Change Purchase Price for, any Note and remaining unclaimed for two years after such principal, premium, accrued and
unpaid interest, or any Fundamental Change Purchase Price has become due and payable shall be paid to the Company on request of the Company contained in an Officer’s Certificate, or (if then held by the Company) shall be discharged from such
trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the
Company as trustee thereof, shall thereupon cease; provided, however, that before the Trustee or such Paying Agent are required to make any such repayment, the Company shall cause to be published once, in a newspaper published in the
English language, customarily published on each Business Day and of general circulation in The Borough of Manhattan, The City of New York, New York, notice that such money remains unclaimed and that, after a date specified therein, which shall not
be less than 30 calendar days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 5.04 Reports. 

The Company will file with the Trustee, within 15 calendar days after it is required to file the same with the Commission (after giving
effect to any grace period provided by Rule 12b-25 under the Exchange Act), copies of the quarterly and annual reports and of the information, documents and other reports, if any, that it is required to file with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act. Any such report, information or document that the Company files with the Commission through the EDGAR system (or any successor thereto) will be deemed to be delivered to the Trustee for the purposes of
this Section 5.04 at the time of such filing through the EDGAR system (or such successor thereto); provided, however, that the Trustee shall have no responsibility to determine whether such filings have been made. 

Delivery of any such reports, information and documents to the Trustee shall be for informational purposes only, and the Trustee’s
receipt of such reports, information and documents shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 At any time the Company is not
subject to Section 13 or 15(d) of the Exchange Act, the Company will, so long as any of the Notes or the shares of Common Stock delivered upon conversion of the Notes will, at such time, constitute “restricted securities” within the
meaning of Rule 144(a)(3) under the Securities Act, promptly provide to the Trustee and will, upon written request, provide to any Holder, beneficial owner or prospective purchaser of such Notes or such shares of Common Stock the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes or such shares of Common Stock pursuant to Rule 144A under the Securities Act. The Company shall take such further action as any
Holder or beneficial owner of any Note or such shares of the Common Stock may reasonably request from time to time to enable such Holder or beneficial owner to sell such Notes or share of Common Stock in accordance with Rule 144A under the
Securities Act, as such rule may be amended from time to time. 

  
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 Section 5.05 Statements as to Defaults. The Company is required to deliver to the
Trustee, within 120 days after the end of each fiscal year, an Officer’s Certificate from its principal executive officer, principal financial officer or principal accounting officer, stating whether or not to the 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 under this Indenture) and, if the Company
is in default, specifying all such Default or Event of Defaults and the nature and the status thereof of which they may have knowledge. In addition, the Company shall deliver to the Trustee, as soon as possible, and in any event within 30 calendar
days after the Company becomes aware of the occurrence of any Default or Event of Default, an Officer’s Certificate setting forth the details of such Default or Event of Default, its status and the action that the Company proposes to take with
respect thereto. Such Officer’s Certificate shall also comply with any additional requirements set forth in Section 5.07 hereof. 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. 
 Section 5.06 Additional Interest Notice. If Additional Interest is payable by
the Company pursuant to Section 5.08 hereof or Section 6.03 hereof, the Company shall deliver to the Trustee an Officer’s Certificate, prior to the Regular Record Date for each applicable Interest Payment Date, to that effect stating
(a) the amount of such Additional Interest that is payable and (b) the date on which such interest is payable. Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may
assume without inquiry that no such Additional Interest is payable. If the Company has paid Additional Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee an Officer’s Certificate setting forth the
particulars of such payment. 
 Section 5.07 Compliance Certificate and Opinions of Counsel. 

(a) Except as otherwise expressly provided in this Indenture, upon any application or request by the Company to the Trustee to
take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been
complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such
documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

(b) Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall
include: 
 (i) a statement that each individual signing such certificate or opinion has read such covenant or condition and
the definitions herein relating thereto; 

  
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 (ii) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (iii) a statement
that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(iv) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

(c) All applications, requests, certificates, statements or other instruments given under this Indenture shall be without
personal recourse to any individual giving the same and may include an express statement to such effect. 
 Section 5.08 Additional
Interest. 
 (a) If, at any time during the six-month period beginning on, and including, the date which is six months
after the Last Original Issuance Date, the Company fails to timely file any periodic report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable (other than current reports
on Form 8-K), or the Notes are not otherwise Freely Tradable, including pursuant to Rule 144 under the Securities Act, by Holders other than “affiliates” (within the meaning of Rule 144) of the Company or Holders that were
“affiliates” (within the meaning of Rule 144) of the Company during the 90 days immediately preceding the date of the proposed transfer (as a result of restrictions pursuant to U.S. securities laws or the terms of this Indenture or the
Notes) the Company shall pay Additional Interest that will accrue on the Notes at the rate of 0.50% per annum of the principal amount of Notes then Outstanding for each day during such period for which the Company’s failure to file has
occurred and is continuing or for which the restrictions on transfer are applicable; provided that such period shall end on the date that is one year from the Last Original Issuance Date. 

(b) The Company will use its reasonable best efforts to cause the Notes, to bear an unrestricted CUSIP number no later than the
365th day after the Last Original Issuance Date of the Notes, subject to the Depositary’s procedures. If, and for so long as, the Restricted Notes Legend has not been removed from the Notes,
the Notes are assigned a restricted CUSIP number or the Notes are not otherwise Freely Tradable by Holders other than “affiliates” (within the meaning of Rule 144) of the Company or Holders that were “affiliates” (within the
meaning of Rule 144) of the Company during the 90 days immediately preceding the date of the proposed transfer (without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes) as of the 365th day after the Last
Original Issuance Date, the Company will pay Additional Interest on the Notes. Additional Interest will accrue on the Notes at the rate of 0.50% per annum of the principal amount of Notes then outstanding until such Restricted Notes Legend is
removed, the Notes are assigned an unrestricted CUSIP number and the Notes 

  
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are Freely Tradable. At such time as the Company notifies the Trustee to remove the Restricted Notes Legend from the Notes, such legend will be deemed removed from any Global Note and an
unrestricted CUSIP number for the Notes will be deemed to be the CUSIP number for the Notes. 
 (c) Such Additional Interest
that is payable shall be payable in arrears on each Interest Payment Date following accrual in the same manner as regular interest on the Notes, and will be separate and distinct from, and in addition to, any Additional Interest that may accrue at
the Company’s election as the sole remedy relating to a Reporting Event of Default pursuant to Section 6.03 hereof. 

Section 5.09 Corporate Existence. Subject to Article 9, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if, in the judgment of
the Company, the preservation thereof is no longer desirable in the conduct of the business of the Company. 
 Section 5.10
Restriction on Resales. The Company shall not, and shall procure that no controlled Affiliate of the Company shall, resell any of the Notes that have been reacquired by the Company or any of such Affiliate. 

Section 5.11 Company to Furnish Trustee Names and Addresses of Holders. The Registrar will preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of all Holders. If at any time the Trustee is not the Registrar, the Company will furnish or cause to be furnished to the Trustee 

(a) semi-annually, not later than the 15th day after each Regular Record Date, a list, in such form as the Trustee may
reasonably require, containing all the information in the possession or control of the Company, or any of its Paying Agents other than the Trustee, of the names and addresses of the Holders, as of such preceding Regular Record Date, and 

(b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished. 
 ARTICLE 6.

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

(a) default in any payment of interest on any Note when due and payable, and the default continues for a period of 30 calendar
days; 
 (b) default in the payment of the principal or premium, if any, on any Note (including the Fundamental Change
Purchase Price) when due and payable on the Maturity Date, upon required repurchase, upon declaration of acceleration or otherwise; 

  
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 (c) failure by the Company to comply with its obligations under Article 4 hereof
to convert the Notes into cash and, if applicable, shares of Common Stock upon exercise of a Holder’s conversion right; 

(d) failure by the Company to comply with its obligations under Article 9 hereof; 

(e) failure by the Company to issue a notice in accordance with the provisions of Section 3.01 hereof or
Section 4.01(b)(iv) hereof; 
 (f) failure by the Company for 60 days after written notice from the Trustee or the
Holders of at least 25% in principal amount of the Notes then Outstanding (a copy of which notice, if given by Holders, must also to be given to the Trustee) has been received by the Company to comply with any of its other agreements contained in
the Notes or this Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section 6.01 specifically provided for or that is not applicable to the Notes), which notice shall state that it
is a “Notice of Default” hereunder; 
 (g) default by the Company or any of its Subsidiaries with respect to
any mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced any indebtedness for money borrowed in excess of $25,000,000 (or its foreign currency equivalent at the time) in the
aggregate of the Company and/or any of the Subsidiaries of the Company, whether such indebtedness now exists or shall hereafter be created (i) resulting in such indebtedness becoming or being declared due and payable or (ii) constituting a
failure to pay the principal or interest of any such indebtedness when due and payable at its stated maturity, upon redemption, upon required repurchase, upon declaration of acceleration or otherwise; 

(h) a final judgment for the payment of $25,000,000 (or its foreign currency equivalent at the time) or more (excluding any
amounts covered by insurance or bond) rendered against the Company or any of its subsidiaries by a court of competent jurisdiction, which judgment is not discharged, stayed, vacated, paid or otherwise satisfied within 30 days after (i) the date
on which the right to appeal thereof has expired if no such appeal has commenced, or (ii) the date on which all rights to appeal have been extinguished; or 

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

  
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 (j) an involuntary case or other proceeding shall be commenced against the
Company or any Significant Subsidiary of the Company seeking liquidation, reorganization or other relief with respect to the Company or such Significant Subsidiary of the Company or its debts under any bankruptcy, insolvency or other similar law now
or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company or such Significant Subsidiary of the Company or any substantial part of its property, and such involuntary case
or other proceeding shall remain undismissed and unstayed for a period of 60 consecutive days. 
 Section 6.02 Acceleration;
Rescission and Annulment. 
 (a) If an Event of Default (other than an Event of Default specified in Section 6.01(i)
hereof or Section 6.01(j) hereof with respect to the Company) occurs and is continuing, and is known to a Responsible Officer of the Trustee, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the Notes
then Outstanding by written notice to the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare 100% of the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes then
Outstanding to be due and payable immediately. If an Event of Default specified in Section 6.01(h) or Section 6.01(i) with respect to the Company occurs and is continuing, 100% of the principal of, premium, if any, and accrued and unpaid
interest, if any, on all Notes shall automatically become due and payable. 
 (b) Notwithstanding anything to the contrary
herein, the provisions of Section 6.02(a), however, are subject to the conditions that if, at any time after the principal of, and accrued and unpaid interest, if any, on, the Notes shall have been so declared due and payable, and before any
judgment or decree for the payment of the monies due shall have been obtained as herein provided that: 
 (i) the Company
pays or delivers, as the case may be, or deposits with the Trustee an amount of cash and the number of shares of Common Stock, if any (solely to settle outstanding conversions), sufficient to pay all matured installments of interest upon all the
Notes, all cash and shares of Common Stock, if any, due upon the conversion of any and all converted Notes, and the principal of and accrued and unpaid interest, if any, on all Notes which shall have become due otherwise than by acceleration (with
interest on such principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the rate or rates, if any, specified in the Notes to the date of such payment or deposit), and
such amount as shall be sufficient to cover all amounts owing under the Indenture to the Trustee and its agents and counsel; 

(ii) rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and 

(iii) any and all Events of Default under this Indenture, other than the non-payment of the principal of the Notes that became
due because of the acceleration, shall have been cured, waived or otherwise remedied as provided herein, 

  
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 then, the Holders of a majority of the aggregate principal amount of Notes then Outstanding, by
written notice to the Company and to the Trustee, may waive all Defaults and Events of Default with respect to the Notes (other than a Default or an Event of Default resulting from the failure to pay the Fundamental Change Purchase Price, to pay or
deliver, as the case may be, the amount of cash and, if applicable, shares of Common Stock due upon conversion of a Note, or with respect to another covenant or provision of the Indenture that cannot be modified or amended without the consent of
each affected Holder) and may rescind and annul the declaration of acceleration resulting from such Defaults or Events of Default (other than those resulting from the failure to pay the Fundamental Change Purchase Price, to pay or deliver, as the
case may be, the amount of cash and, if applicable, shares of Common Stock due upon conversion of a Note, or with respect to another covenant or provision of the Indenture that cannot be modified or amended without the consent of each affected
Holder) and their consequences; provided, that no such rescission or annulment will extent to or will affect any subsequent Default or shall impair any right consequent on such Default. 

Section 6.03 Additional Interest. 

(a) Notwithstanding Section 6.02 hereof, to the extent the Company elects, the sole remedy for an Event of Default under
Section 6.01(f) relating to the Company’s failure to comply with Section 5.04 hereof (such Event of Default, a “Reporting Event of Default”), will consist exclusively of the right to receive Additional Interest on the
Notes at a rate per year equal to 0.50% of the principal amount of the Notes outstanding for each day during the 90-day period beginning on, and including, the day on which such an Event of Default occurs and is continuing (and is neither waived nor
cured), for each day during such periods payable in arrears at the same time and in the same manner as regular interest on the Notes. 

(b) On the 91st day after the date on which the Reporting Event of Default occurred (if such Reporting Event of Default has not
been cured or waived prior to such 91st day), the Notes will be subject to acceleration as provided in Section 6.02(a) hereof. 

(c) In order to elect to pay the Additional Interest as the sole remedy during the first 90 days after the occurrence of a
Reporting Event of Default, the Company must notify all Holders of Notes, the Trustee and the Paying Agent of such election prior to the beginning of such 90-day period. Upon the Company’s failure to timely give such notice, the Notes shall be
immediately subject to acceleration as provided in Section 6.02 hereof. In the event the Company does not elect to pay Additional Interest following a Reporting Event of Default or the Company elected to pay Additional Interest but does not pay
the Additional Interest when due, the Notes will be subject to acceleration as provided in Section 6.02 hereof. Except as provided in the Section 6.03(d) below, nothing in this Section 6.03 shall affect the rights of Holders of Notes
in the event of the occurrence of any other Event of Default. 

  
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 (d) Such Additional Interest will be payable in arrears on each Interest Payment
Date following accrual in the same manner as regular interest on the Notes and will be separate and distinct from, and in addition to, any Additional Interest that may accrue pursuant to Section 5.08. 

Section 6.04 Control by Majority. At any time, the Holders of a majority of the aggregate principal amount of the then Outstanding
Notes may direct in writing 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, subject to the Trustee’s duties under Article 11 hereof, that the Trustee determines to be unduly prejudicial to the rights of a Holder or to the Trustee, or that would potentially involve the
Trustee in personal liability unless the Trustee is offered indemnity or security satisfactory to it against any loss, liability or expense to the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee. Prior to
taking any action hereunder, the Trustee will be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. 

Section 6.05 Limitation on Suits. Subject to Section 6.06 hereof, no Holder may pursue a remedy with respect to this
Indenture or the Notes unless: 
 (a) such Holder has previously delivered to the Trustee written notice that an Event of
Default has occurred and is continuing; 
 (b) the Holders of at least 25% of the aggregate principal amount of the then
Outstanding Notes deliver to the Trustee a written request that the Trustee pursue a remedy with respect to such Event of Default; 

(c) such Holder or Holders have offered and, if requested, provided to the Trustee indemnity satisfactory to the Trustee
against any loss, liability or other expense of compliance with such written request; 
 (d) the Trustee has not complied
with such written request within 60 days after receipt of such written request and offer of indemnity or security; and 
 (e)
during such 60-day period, the Holders of a majority of the aggregate principal amount of the then Outstanding Notes did not deliver to the Trustee a direction inconsistent with such written request. 

Section 6.06 Rights of Holders to Receive Payment and to Convert. Notwithstanding anything to the contrary elsewhere in this
Indenture, the right, which is absolute and unconditional, of any Holder to receive payment of the principal of, premium, if any, interest on, Fundamental Change Purchase Price for, on or after the respective due date, and to convert its Notes and
receive the payment or delivery of cash and, if applicable, shares of Common Stock due with respect to such Notes in accordance with Article 4 hereof, or to bring suit for the enforcement of any such payment or conversion rights, will not be
impaired or affected without the consent of such Holder and will not be subject to the requirements of Section 6.05 hereof. 

  
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 Section 6.07 Collection of Indebtedness; Suit for Enforcement by Trustee. If an Event
of Default specified in Section 6.01(a), 6.01(b) or 6.01(c) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal
of, premium on, interest on, Fundamental Change Purchase Price for, and the amount of cash and, if applicable, shares of Common Stock due upon the conversion of, the Notes, as the case may be, and such further amount as is sufficient to cover the
costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, as well as any other amounts that may be due under Section 10.07 hereof. 

Section 6.08 Trustee May Enforce Claims Without Possession of Notes. All rights of action and claims under this Indenture or the
Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the compensation, and reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the
Holders in respect of which such judgment has been recovered. 
 Section 6.09 Trustee May File Proofs of Claim. The Trustee is
authorized to file such proofs of claim and other papers or documents as may be necessary or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its property and,
unless prohibited by law or applicable regulations, will be entitled to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any custodian 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 consents to the making of such payments directly to the Holders, to pay to 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 10.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 10.07 hereof out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured by a lien on, and is paid out of, any and all distributions,
dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding, whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained will be deemed to
authorize the Trustee to authorize or consent to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to
vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10 Restoration of Rights and Remedies. If the
Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any 

  
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determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies
of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 6.11 Rights and Remedies
Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.09 hereof, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders
is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.12 Delay or Omission Not a Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or remedy
accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 6 or by law to the Trustee or to the Holders may be
exercised from time to time and as often as may be deemed expedient by the Trustee (subject to the limitations contained in this Indenture) or by the Holders, as the case may be. 

Section 6.13 Priorities. If the Trustee collects any money pursuant to this Article 6, it will pay out the money in the following
order: 
 FIRST: to the Trustee, its agents and attorneys for amounts due under Section 10.07 hereof, including payment of all
compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 SECOND:
to the Holders, for any amounts due and unpaid on the principal of, premium on, accrued and unpaid interest on, Fundamental Change Purchase Price for, and any cash due upon conversion of, any Note, without preference or priority of any kind,
according to such amounts due and payable on all of the Notes; and 
 THIRD: the balance, if any, to the Company or to such other party as a
court of competent jurisdiction directs. 
 The Trustee may fix a record date and payment date for any payment to the Holders pursuant to
this Section 6.13. If the Trustee so fixes a record date and a payment date, at least 15 calendar days prior to such record date, the Trustee will deliver to each Holder a written notice, which notice will state such record date, such payment
date and the amount of such payment. 
 Section 6.14 Undertaking for Costs. All parties to this Indenture agree, and each
Holder, by such Holder’s acceptance of a Note, shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees,

  
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against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided, however, that the provisions
of this Section 6.14 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in aggregate principal amount of the Notes then Outstanding, or to any
suit instituted by any Holder for the enforcement of the payment of the principal of, any premium on, accrued and unpaid interest, if any, on, Fundamental Change Purchase Price for, any Note on or after the due date expressed or provided for in this
Indenture or to any suit for the enforcement of the right to convert any Note in accordance with the provisions of Article 4 hereof. 

Section 6.15 Waiver of Stay, Extension and Usury Laws. The Company covenants that, to the extent that it may lawfully do so, it
will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that 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, by resort to any such law, hinder, delay or impede the
execution of any power herein granted to the Trustee, but will instead suffer and permit the execution of every such power as though no such law has been enacted. 

ARTICLE 7. 
 SATISFACTION AND
DISCHARGE 
 Section 7.01 Discharge of Liability on Notes. When (a) the Company shall deliver to the Registrar for
cancellation all Notes theretofore authenticated (other than any Notes that have been destroyed, lost or stolen and in lieu of or in substitution for which other Notes shall have been authenticated and delivered) and not theretofore canceled, or
(b) all the Notes not theretofore canceled or delivered to the Trustee for cancellation shall have become due and payable (whether on the Maturity Date, on any Fundamental Change Purchase Date, upon conversion or otherwise) and the Company
shall deposit with the Trustee, in trust, or deliver to the Holders, an amount of cash and, if applicable, shares of Common Stock (solely to settle amounts due with respect to outstanding conversions), sufficient to pay all amounts due on all of
such Notes (other than any Notes that shall have been mutilated, destroyed, lost or stolen and in lieu of or in substitution for which other Notes shall have been authenticated and delivered) not theretofore canceled or delivered to the Trustee for
cancellation, including principal and interest due, accompanied, except in the event the Notes are due and payable solely in cash at the Maturity Date or upon an earlier Fundamental Change Purchase Date, by a verification report as to the
sufficiency of the deposited amount from an independent certified accountant or other financial professional reasonably satisfactory to the Trustee, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the
Company, then this Indenture shall cease to be of further effect (except as to (i) rights hereunder of Holders to receive from such trust all amounts owing upon the Notes and the other rights, duties and obligations of Holders, as beneficiaries
hereof with respect to the amounts, if any, so deposited with the Trustee and (ii) the rights, obligations and immunities of the Trustee hereunder), and the Trustee, on written demand of the Company accompanied by an Officer’s Certificate
and an Opinion of Counsel and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture; the Company, however, hereby agrees to reimburse the Trustee

  
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for any costs or expenses thereafter reasonably incurred by the Trustee, including the fees and expenses of its counsel, and to compensate the Trustee for any services thereafter reasonably
rendered by the Trustee in connection with this Indenture or the Notes. 
 Section 7.02 Deposited Monies to Be Held in Trust by
Trustee. Subject to Section 7.04 hereof, all monies and shares of Common Stock, as the case may be, deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and
such monies and shares of Common Stock shall be applied by the Trustee to the payment, either directly or through any Paying Agent (including the Company if acting as its own Paying Agent), to the Holders of the particular Notes for the payment or
settlement of which such monies or shares of Common Stock, or both, as the case may be, have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any. 

Section 7.03 Paying Agent to Repay Monies Held. Upon the satisfaction and discharge of this Indenture, all monies and shares of
Common Stock, as the case may be, then held by any Paying Agent (if other than the Trustee) shall, upon written request of the Company, be repaid to it or paid to the Trustee, and thereupon such Paying Agent shall be released from all further
liability with respect to such monies and shares of Common Stock, or both, as the case may be. 
 Section 7.04 Return of Unclaimed
Monies. Subject to the requirements of applicable law, any monies and shares of Common Stock deposited with or paid to the Trustee for payment of the principal of or interest, if any, on the Notes and not applied but remaining unclaimed by the
Holders of the Notes for two (2) years after the date upon which the principal of or interest, if any, on such Notes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand, and all
liability of the Trustee shall thereupon cease with respect to such monies and shares of Common Stock; and the Holder shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an
applicable abandoned property law designates another Person. 
 Section 7.05 Reinstatement. If the Trustee or the Paying Agent
is unable to apply any money or shares of Common Stock, or both, as the case may be, in accordance with Section 7.02 hereof by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Company’s obligations under the Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 7.01 hereof until such time as the Trustee or the Paying Agent
is permitted to apply all such money and shares of Common Stock in accordance with Section 7.02 hereof; provided, however, that if the Company makes any payment of interest on, principal of or payment or delivery in respect of any
Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or shares of Common Stock, if any, held by the Trustee or Paying Agent. 

  
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 ARTICLE 8. 

SUPPLEMENTAL INDENTURES 

Section 8.01 Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holder, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to cure any ambiguity,
omission, defect or inconsistency in this Indenture or the Notes that does not adversely affect the rights of the Holders; 

(b) to conform the terms of this Indenture or the Notes to the “Description of the Notes” in the Offering Circular;

 (c) (i) to evidence the succession by a Successor Company and to provide for the assumption by a Successor Company of the
Company’s obligations under the Indenture and/or (ii) in the case of a Merger Event, to provide for Company or the successor or purchasing Person, as the case may be, to execute with the Trustee a supplemental indenture providing for the
right to convert the Notes into the Reference Property as required under Section 4.07, including adjustments required thereunder; 

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

(e) to secure the Notes; 

(f) to add to the Company’s covenants such further covenants, restrictions or conditions for the benefit of the Holders or
surrender any right or power conferred upon the Company by the Indenture; 
 (g) to make any other change that does not
adversely affect the rights of any Holder (other than any Holder that consents to such change); 
 (h) to provide for a
successor Trustee; or 
 (i) to comply with the Applicable Procedures. 

Section 8.02 Supplemental Indentures With Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes affected by such supplemental
indenture (including, without limitation, consents obtained in connection with a purchase of, or tender or exchange offer for, Notes), (i) the Company, and the Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders under this Indenture and (ii) any past Default or compliance with any
covenants or provisions of this Indenture may be waived (other than a Default or an Event of Default resulting from the failure to pay the Fundamental Change Purchase Price, to pay or deliver, as the case may be, the amount

  
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of cash and, if applicable, shares of Common Stock due upon conversion of a Note); provided, however, that no such supplemental indenture or waiver shall, without the consent of the
Holder of each Outstanding Note affected thereby: 
 (a) reduce the percentage in aggregate principal amount of Notes then
Outstanding necessary to waive any past Default or Event of Default; 
 (b) reduce the rate of interest on any Note or change
the time for payment of interest on any Note; 
 (c) reduce the principal of or premium, if any, on any Note or change the
Maturity Date of any Note; 
 (d) change the place or currency of payment on any Note; 

(e) make any change that impairs or adversely affects the conversion rights of any Notes; 

(f) reduce the Fundamental Change Purchase Price of any Note or amend or modify in any manner adverse to the rights of the
Holders of the Notes the Company’s obligation to pay the Fundamental Change Purchase Price, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise; 

(g) impair the right of any Holder of Notes to receive payment of principal of, premium, if any, and interest, if any, on, its
Notes, or the right to receive payment or delivery, as the case may be, of the amount of cash and, if applicable, shares of Common Stock, as the case may be, due upon conversion of its Notes on or after the due dates therefor or to institute suit
for the enforcement of any such payment or delivery, as the case may be, with respect to such Holder’s Notes; 
 (h)
modify the ranking provisions of this Indenture in a manner that is adverse to the rights of the Holders of the Notes; or 

(i) make any change to the provisions of this Article 8 that requires each Holder’s consent or in the waiver provisions of
this Indenture if such change is adverse to the rights of Holders of the Notes. 
 It shall not be necessary for any Act or consent
of Holders under this Section 8.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act or consent shall approve the substance thereof. The Company may, but shall not be obligated to, fix
a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled
to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided that, unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to
the date which is 90 calendar days after such record date, any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

  
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 Section 8.03 Notice of Amendment or Supplement. After an amendment or supplement
under this Article 8 becomes effective, the Company shall provide to the Holders a written notice briefly describing such amendment or supplement. However, the failure to give such notice to all the Holders, or any defect in the notice, shall not
impair or affect the validity of the amendment or supplement. 
 Section 8.04 Trustee to Sign Amendments, Etc. The Trustee shall
sign any amendment or supplement authorized pursuant to this Article 8 if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not, sign it. In
signing or refusing to sign such amendment or supplement, the Trustee shall receive, and, shall be fully protected in conclusively relying upon, an Officer’s Certificate and an Opinion of Counsel provided at the expense of the Company providing
that such amendment or supplement is authorized or permitted by the Indenture. 
 ARTICLE 9. 

SUCCESSOR COMPANY 

Section 9.01 Company May Consolidate, Etc. on Certain Terms. The Company shall not amalgamate or consolidate with, merge with or
into or convey, transfer or lease its properties and assets substantially as an entirety to another Person, unless: 
 (a)
the resulting, surviving transferee or successor Person (the “Successor Company”), if not the Company, shall be (and, if the Company will remain a party to the Notes and this Indenture after giving effect to such transaction and the
requirements in respect thereof under this Indenture, is) a corporation organized and existing under the laws of the United States of America, any State thereof or the District of Columbia, and the Successor Company (if not the Company) shall
expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Notes and this Indenture as applicable to the Notes; 

(b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing
under this Indenture with respect to the Notes; 
 (c) if, upon the occurrence of any such transaction, the Notes would
become convertible into, or exchangeable for, securities issued by an issuer other than the resulting, surviving, transferee or successor corporation pursuant to the terms of this Indenture, then (x) such securities are shares of common stock
issued by a corporation organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and (y) if such resulting, surviving, transferee or successor corporation is a wholly owned subsidiary
of the issuer of such securities based on which the Notes have become convertible or exchangeable, such other issuer shall fully and unconditionally guarantee on a senior basis the resulting, surviving, transferee or successor corporation’s
obligations under the Notes; and 
 (d) all the conditions specified in this Article 9 are met. 

  
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 Upon any such amalgamation, consolidation, merger, conveyance, transfer or lease, the Successor
Company (if not the Company) shall succeed to, and may exercise every right and power of the Company under this Indenture, and the Company shall be discharged from its obligations under the Notes and the Indenture except in the case of any such
lease. 
 For purposes of this Section 9.01, the conveyance, transfer or lease of the properties and assets of one or more Subsidiaries
of the Company substantially as an entirety to another Person, which properties and assets, if held by the Company instead of such Subsidiary or Subsidiaries, would constitute the properties and assets of the Company substantially as an entirety on
a consolidated basis, shall be deemed to be the transfer of the properties and assets of the Company substantially as an entirety to another Person. 

Section 9.02 Successor Corporation to Be Substituted. In case of any such amalgamation, consolidation, merger, conveyance,
transfer or lease and upon the assumption by the Successor Company (if other than the Company), by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the
principal of and premium (including any Fundamental Change Purchase Price), if any, accrued and unpaid interest, if any, on all of the Notes, the due and punctual delivery or payment, as the case may be, of any consideration due upon conversion of
the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company under this Indenture, such Successor Company 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 it had been named herein as the party of the first part; provided, however, that in the case of a conveyance, transfer or lease to one or more of its
Subsidiaries of all or substantially all of the properties and assets of the Company, the Notes will remain convertible based on the Common Stock and into cash and, if applicable, shares of Common Stock in accordance with Section 4.03 hereof,
but subject to adjustment (if any) in accordance with Section 4.07 hereof. Such Successor Company thereupon may cause to be signed, and may issue either in its own name or in the name of the Company any or all of the Notes issuable hereunder
which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the
Trustee shall authenticate and shall deliver, or cause to be authenticated and delivered, any Notes that previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Notes that such
Successor Company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Notes so issued shall in all respects have the same legal rank and benefit under this Indenture as the Notes theretofore or thereafter
issued in accordance with the terms of this Indenture as though all of such Notes had been issued at the date of the execution hereof. In the event of any such amalgamation, consolidation, merger, conveyance or transfer (but not in the case of a
lease), the Person named as the “Company” in the first paragraph of this Indenture or any successor that shall thereafter have become such in the manner prescribed in this Article 9 may be dissolved, wound up and liquidated at any time
thereafter and, except in the case of a lease, such Person shall be released from its liabilities as obligor and maker of the Notes and from its obligations under this Indenture. 

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

Section 9.03 Opinion of Counsel to Be Given to Trustee. In the case of any such amalgamation, merger, consolidation, conveyance,
transfer or lease the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel stating that any such amalgamation, consolidation, merger, conveyance, transfer or lease and any such assumption and, if a supplemental indenture is
required in connection with such transaction, such supplemental indenture, complies with the provisions of this Indenture. 
 ARTICLE 10.

 THE TRUSTEE 

Section 10.01 Duties and Responsibilities of Trustee. 

(a) The Trustee, prior to the occurrence of an Event of Default and after the curing of all Events of Default which may have
occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee. In case an Event of Default has occurred
(which has not been cured or waived) and the Trustee has notice of such fact, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care in their exercise, as a prudent person would use
in the conduct of his or her own affairs. 
 (b) No provision of this Indenture shall be construed to relieve the Trustee
from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 

(i) prior to the occurrence of an Event of Default and after the curing or waiving of all Events of Default which may have
occurred: 
 (A) the duties and obligations of the Trustee shall be determined solely by the express provisions of this
Indenture and applicable law, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture
against the Trustee; and 
 (B) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely as
to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but, in the case of any such certificates or
opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of any mathematical calculations or other facts stated therein); 

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

(iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the written direction of the Holders of not less than a majority in principal amount of the Notes at the time Outstanding determined as provided in Section 1.03 relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture; 
 (iv)
whether or not therein provided, every provision of this Indenture relating to the conduct or affecting the liability of, or affording protection to, the Trustee shall be subject to the provisions of this Section; 

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

(vi) if any party fails to deliver a notice relating to an event the fact of which, pursuant to this Indenture, requires notice
to be sent to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such event occurred. 

None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers. 
 Section 10.02 Notice of
Defaults. The Trustee shall give the Holders notice of any Default of which a Responsible Officer of the Trustee has knowledge or is deemed to have notice under Section 10.03(a) within 90 days after the occurrence thereof so long as such
Default is continuing; provided, that (except in the case of any Default in the payment of principal amount of, or interest on, any of the Notes or Fundamental Change Purchase Price or a default in the delivery of the consideration due upon
conversion, in each case, for which the Trustee acts as Paying Agent), the Trustee shall be protected in withholding such notice if and so long as it in good faith determines that the withholding of such notice is in the interest of the Holders of
Notes. 
 Section 10.03 Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 10.01: 

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

  
 71 

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

(c) the Trustee may consult with counsel of its own selection and any advice or opinion of counsel shall be full and complete
authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or opinion of counsel; 

(d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Holders pursuant to the provisions of this Indenture (including upon the occurrence and during the continuance of an Event of Default), unless such Holders shall have offered to the Trustee security or
indemnity satisfactory to it against any loss, expenses and liabilities which may be incurred therein or thereby; 
 (e) the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document;

 (f) 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 by it with due care hereunder; 

(g) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (h) in
no event shall the Trustee be responsible or liable for special, indirect, consequential or punitive loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action; 
 (i) the Trustee shall not be deemed to have notice
of any Default or Event of Default unless written notice of any event which is in fact such a Default or Event of Default is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice references
the Notes and the 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 each agent, custodian and other Person employed to act hereunder; 

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

  
 72 

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

(m) the permissive rights of the Trustee enumerated herein shall not be construed as duties. 

Section 10.04 No Responsibility for Recitals, Etc. The recitals contained herein and in the Notes (except in the Trustee’s
certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of
the Notes. The Trustee shall not be accountable for the use or application by the Company of any Notes or the proceeds of any Notes authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. 

Section 10.05 Trustee, Paying Agents, Exchange Agents or Registrar May Own Notes. The Trustee, any Paying Agent, any Conversion
Agent or Registrar, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not Trustee, Paying Agent, Conversion Agent or Registrar. 

Section 10.06 Monies to be Held in Trust. All monies and properties received by the Trustee shall, until used or applied as herein
provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest
on any money received by it hereunder except as may be agreed in writing from time to time by the Company and the Trustee. 

Section 10.07 Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee from time to time, and
the Trustee shall be entitled to, such compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to
from time to time in writing between the Company and the Trustee, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance
with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from
its negligence or willful misconduct. 
 The Company also covenants to indemnify the Trustee (or any officer, director or employee of the
Trustee), in any capacity under this Indenture and its agents and any authenticating agent for, and to hold them harmless against, any and all loss, liability, claim or expense incurred without negligence or willful misconduct on the part of the
Trustee or such officers, directors, employees and agent or authenticating agent, as the case may be, and arising out of or in connection with the acceptance or administration of this trust or in any other capacity hereunder, including the costs and
expenses of defending themselves against any claim (whether asserted by the Company, a Holder or any other Person) of liability in the premises. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by
the 

  
 73 

 
Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may
have one firm of separate counsel except in the event local counsel shall be required and the Company shall pay the reasonable fees and expenses of such counsel and local counsel, as applicable. The Company need not pay for any settlement made
without its consent, which consent shall not be unreasonably withheld. 
 The obligations of the Company under this Section 10.07 to
compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a lien prior to that of the Notes upon all property and funds held or collected by the Trustee as such, except funds
held in trust for the benefit of the Holders of particular Notes. The obligation of the Company under this Section shall survive the satisfaction and discharge of this Indenture. 

When the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in
Section 6.01(h) and 6.01(i) with respect to the Company occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws. 

Section 10.08 Officer’s Certificate as Evidence. Except as otherwise provided in Section 10.01, whenever in the
administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be
herein specifically prescribed) may, in the absence of negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee. 

Section 10.09 Conflicting Interests of Trustee. If the Trustee has or shall acquire a conflicting interest within the meaning of
Section 310 of the Trust Indenture Act of 1939 (as in force at the date of this Indenture), the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, this
Indenture. 
 Section 10.10 Eligibility of Trustee. There shall at all times be a Trustee hereunder which shall be a Person that
has a combined capital and surplus of at least $50,000,000 (or if such Person is a member of a bank holding company system, its bank holding company shall have a combined capital and surplus of at least $50,000,000). If such Person publishes reports
of condition at least annually, pursuant to law or to the requirements of any supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such Person shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 10.10, it shall resign immediately in the manner and with the
effect hereinafter specified in this Article. 
 Section 10.11 Resignation or Removal of Trustee. 

(a) The Trustee may at any time resign by giving written notice of such resignation to the Company and to the Holders of Notes.
Upon receiving such notice of 

  
 74 

 
resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be
delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment thirty (30) days after the mailing of such notice of resignation to the Holders, the
resigning Trustee may, upon ten (10) Business Days’ notice to the Company and the Holders, appoint a successor identified in such notice or may petition, at the expense of the Company, any court of competent jurisdiction for the
appointment of a successor trustee, or, if any Holder who has been a bona fide Holder of a Note or Notes for at least six (6) months may, subject to the provisions of Section 6.14, on behalf of himself and all others similarly situated,
petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

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

(i) the Trustee shall fail to comply with Section 10.09 after written request therefor by the Company or by any Holder who
has been a bona fide Holder of a Note or Notes for at least six (6) months; or 
 (ii) the Trustee shall cease to be
eligible in accordance with the provisions of Section 10.10 and shall fail to resign after written request therefor by the Company or by any such Holder; or 

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

then, in any such case, the Company may remove the Trustee and appoint a successor trustee by written instrument, in duplicate,
executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 6.14, any Holder who has been a bona fide
Holder of a Note or Notes for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee;
provided, however, that if no successor Trustee shall have been appointed and have accepted appointment thirty (30) days after either the Company or the Holders has removed the Trustee, the Trustee so removed may petition at the
Company’s expense any court of competent jurisdiction for an appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 

(c) The Holders of a majority in aggregate principal amount of the Notes at the time Outstanding may at any time remove the
Trustee and nominate a successor trustee which shall be deemed appointed as successor trustee unless, within ten (10) days after notice to the Company of such nomination, the Company objects thereto, in which

  
 75 

 
case the Trustee so removed or any Holder, or if such Trustee so removed or any Holder fails to act, the Company, upon the terms and conditions and otherwise as in Section 10.11(a) provided,
may petition any court of competent jurisdiction for an appointment of a successor trustee. 
 (d) Any resignation or removal
of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section 10.11 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 10.12. 

Section 10.12 Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 10.11 shall execute,
acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the
Company or of the successor trustee, the trustee ceasing to act shall, upon payment of any amount then due it pursuant to the provisions of Section 10.07, execute and deliver an instrument transferring to such successor trustee all the rights
and powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights
and powers. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property and funds held or collected by such trustee as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts
then due it pursuant to the provisions of Section 10.07. 
 No successor trustee shall accept appointment as provided in this
Section 10.12 unless, at the time of such acceptance, such successor trustee shall be qualified under the provisions of Section 10.09 and be eligible under the provisions of Section 10.10. 

Upon acceptance of appointment by a successor trustee as provided in this Section 10.12, the Company (or the former trustee, at the
written direction of the Company) shall mail or cause to be mailed notice of the succession of such trustee hereunder to the Holders of Notes at their addresses as they shall appear on the Register. If the Company fails to mail such notice within
ten (10) days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company. 

Section 10.13 Succession by Merger, Etc. Any corporation into which the Trustee may be merged or exchanged or with which it may be
consolidated, or any corporation resulting from any merger, exchange or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee (including any
trust created by this Indenture), shall be the successor to the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that in the case of any corporation
succeeding to all or substantially all of the corporate trust business of the Trustee, such corporation shall be qualified under the provisions of Section 10.09 and eligible under the provisions of Section 10.10. 

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

Section 10.14 Trustee’s Application for Instructions from the Company. Any application by the Trustee for written instructions
from the Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any
action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of,
the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three (3) Business Days after the date any officer of the Company actually receives
such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in
response to such application specifying the action to be taken or omitted. 
 ARTICLE 11. 

MISCELLANEOUS 
 Section 11.01
Effect on Successors and Assigns. All agreements of the Company, the Trustee, the Registrar, the Paying Agent, the Bid Solicitation Agent and the Conversion Agent in this Indenture and the Notes will bind their respective successors. 

Section 11.02 Governing Law. This Indenture and the Notes will be governed by, and construed in accordance with, the laws of the
State of New York. 
 Section 11.03 No Note Interest Created. Nothing in this Indenture or in the Notes, expressed or implied,
shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction. 

Section 11.04 Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, will give to any Person,
other than the parties hereto, any Paying Agent, any Conversion Agent, any authenticating agent, any Registrar or their successors hereunder or the Holders of the Notes, any benefit or any legal or equitable right, remedy or claim under this
Indenture. 

  
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 Section 11.05 Calculations. Except as otherwise provided in this Indenture, the
Company shall be responsible for making all calculations called for under the Indenture and the Notes. These calculations include, but are not limited to, determinations of the Last Reported Sale Prices and Daily VWAPs of the Common Stock, accrued
interest and Additional Interest, if any, payable on the Notes and the Conversion Rate. The Company shall make all these calculations in good faith and, absent manifest error, its calculations will be final and binding on Holders. The Company shall
provide a schedule of its calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and the Conversion Agent is entitled to rely conclusively upon the accuracy of the Company’s calculations without independent
verification. The Trustee shall forward the Company’s calculations to any Holders upon the written request of that Holder. 
 Whenever
the Company is required to calculate or make adjustments to the Conversion Rate, the Company will do so to the nearest 1/10,000th of a share of Common Stock, rounding any additional decimal places up or down in a commercially reasonable manner. 

Section 11.06 Execution in Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 11.07 Notices, Etc. to Trustee and Company. 

(a) Except as otherwise provided herein, any request, demand, authorization, direction, notice, consent, election, waiver or
Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(i) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing (including facsimile) to or with the Trustee at its Corporate Trust Office; or 
 (ii) the Company by the
Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid (and, in the case of securities held in book-entry form, by electronic
transmission), to the Company addressed to it at the address of its principal office at 3333 Susan Street, Costa Mesa, California 92626, Attn: General Counsel or at any other address furnished in writing to the Trustee by the Company prior to such
mailing or electronically in PDF format. 
 (b) The Company or the Trustee, by notice given to the other in the manner
provided in this Section 11.08, may designate additional or different addresses for subsequent notices or communications. 

  
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 (c) Whenever the Company is required to deliver notice to the Holders, the
Company will, by the date it is required to deliver such notice to the Holders, deliver a copy of such notice to the Trustee, the Paying Agent, the Registrar and the Conversion Agent. Each notice to the Trustee, the Paying Agent, the Registrar and
the Conversion Agent shall be sufficiently given if in writing and mailed, first-class postage prepaid to the Corporate Trust Office of the Trustee or such address most recently indicated by the Trustee, the Paying Agent, the Registrar or the
Conversion Agent, as the case may be, in writing to the Company. 
 (d) Where this Indenture provides for notice in any
manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by the Holders shall be filed with the Trustee,
but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 (e)
Where this Indenture provides for notice of any event to a Holder of a Global Note, such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), pursuant to its Applicable Procedures, not later than the latest
date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. 
 Section 11.08 No
Recourse Against Others. No director, officer, employee, incorporator or stockholder of the Company shall have any liability for any obligations of the Company under the Notes, the Indenture or any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder, by accepting a Note, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

Section 11.09 Tax Withholding. Nothing herein shall preclude any tax withholding required by law or regulation. In addition, if
the Company or other applicable withholding agent pays withholding taxes on behalf of a Holder or beneficial owner of a Note as a result of an adjustment to the Conversion Rate, the Company or other applicable withholding agent may, at its option,
set off such payments against payments of cash and shares of Common Stock on the Note. 
 Section 11.10 Waiver of Jury Trial.
EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION
CONTEMPLATED HEREBY. 
 Section 11.11 U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with
Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or
legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of
the U.S.A. Patriot Act. 

  
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 [Remainder of the page intentionally left blank] 

  
 80 

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

			
	EMULEX CORPORATION
		
	By:	 	 /s/ Jeffrey W. Benck

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

		
	By:	 	 /s/ Paula Oswald

	Name:	 	
	Title:	 	

 SCHEDULE A 

The following table sets forth the number of Additional Shares by which the Conversion Rate shall be increased pursuant to
Section 4.06 based on the Stock Price and the dates set forth below. 
  

																																																					
	 Effective Date
	  	$ 7.77	 	  	$9.00	 	  	$10.00	 	  	$11.00	 	  	$12.00	 	  	$14.00	 	  	$16.00	 	  	$18.00	 	  	$20.00	 	  	$22.00	 	  	$24.00	 	  	$26.00	 	  	$28.00	 
	 November 18, 2013
	  	 	31.5679	  	  	 	24.3185	  	  	 	18.5924	  	  	 	14.3132	  	  	 	11.0708	  	  	 	6.6703	  	  	 	4.0280	  	  	 	2.4374	  	  	 	1.4999	  	  	 	0.9540	  	  	 	0.5823	  	  	 	0.3212	  	  	 	0.1434	  
	 November 15, 2014
	  	 	31.5679	  	  	 	23.1183	  	  	 	17.3647	  	  	 	13.1180	  	  	 	9.9449	  	  	 	5.7368	  	  	 	3.3066	  	  	 	1.9144	  	  	 	1.1501	  	  	 	0.7222	  	  	 	0.4250	  	  	 	0.2197	  	  	 	0.0831	  
	 November 15, 2015
	  	 	31.5679	  	  	 	21.7031	  	  	 	15.8902	  	  	 	11.6735	  	  	 	8.5842	  	  	 	4.6252	  	  	 	2.4708	  	  	 	1.3417	  	  	 	0.8054	  	  	 	0.4890	  	  	 	0.2697	  	  	 	0.1212	  	  	 	0.0261	  
	 November 15, 2016
	  	 	31.5679	  	  	 	20.1179	  	  	 	14.1428	  	  	 	9.9248	  	  	 	6.9382	  	  	 	3.3290	  	  	 	1.5704	  	  	 	0.8006	  	  	 	0.4848	  	  	 	0.2739	  	  	 	0.1314	  	  	 	0.0376	  	  	 	0.0000	  
	 November 15, 2017
	  	 	31.5679	  	  	 	18.0868	  	  	 	11.6829	  	  	 	7.4077	  	  	 	4.5958	  	  	 	1.6473	  	  	 	0.6073	  	  	 	0.3432	  	  	 	0.1830	  	  	 	0.0774	  	  	 	0.0074	  	  	 	0.0000	  	  	 	0.0000	  
	 November 15, 2018
	  	 	31.5679	  	  	 	13.9789	  	  	 	2.8678	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  

 EXHIBIT A 

[FORM OF FACE OF SECURITY] 
 NO AFFILIATE (AS
DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY OR PERSON THAT HAS BEEN AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS MAY PURCHASE, OTHERWISE ACQUIRE OR HOLD
THIS SECURITY OR A BENEFICIAL INTEREST HEREIN. 
 [For Global Notes, include the following legend (the “Global Notes
Legend”):] 
 [THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME
OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.] 
 [For all Notes that are Restricted Notes, include the
following legend (the “Restricted Notes Legend”):] 
 [THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF
THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), MAY NOT BE OFFERED, SOLD, PLEDGED OR
OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: 

(1) REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE
SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND 
 (2) AGREES FOR THE BENEFIT OF THE COMPANY
THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), EXCEPT: 

(A) TO EMULEX CORPORATION (THE “COMPANY”) OR ANY SUBSIDIARY THEREOF, OR 

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

  
 A-1 

 (C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,
OR 
 (D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE DATE: (A) THAT IS AT
LEAST ONE YEAR AFTER THE LAST ORIGINAL ISSUANCE DATE OF THE NOTES; AND (B) ON WHICH THE COMPANY HAS INSTRUCTED THE TRUSTEE THAT THIS LEGEND WILL NO LONGER APPLY IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE. 

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

1.75% Convertible Senior Notes due 2018 
 No.:
[            ] 
  

	CUSIP:	[292475 AE0] [; provided that, at such time as the Company provides the Free Transferability Certificate to the Trustee and the Registrar, this CUSIP number will be deemed removed and replaced with the CUSIP
number [            ].] 

  

	ISIN:	[US292475AE03] [; provided that, at such time as the Company provides the Free Transferability Certificate to the Trustee and the Registrar, this ISIN number will be deemed removed and replaced with the ISIN
number [            ].] 

 Principal 

	Amount $	[        ] [For Global Notes, include the following: as revised by the Schedule of Increases and Decreases in the Global Note attached hereto] 

Emulex Corporation, a Delaware corporation (the “Company”), promises to pay to
[                    ] [include “Cede & Co.” for Global Security] or registered assigns, the principal amount of [add
principal amount in words] $[        ] on November 15, 2018 (the “Maturity Date”). 

Interest Payment Dates: May 15 and November 15. 

Regular Record Dates: May 1 and November 1. 

Additional provisions of this Security are set forth on the other side of this Security. 

  
 A-2 

 IN WITNESS WHEREOF, Emulex Corporation has caused this instrument to be signed manually or by
facsimile by one of its duly authorized Officers. 
  

			
	EMULEX CORPORATION
		
	By:	 	      

	Name:	 	
	Title:	 	

 This is one of the Notes of the series designated herein, referred to in the within-mentioned Indenture.

 Dated: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	By:	 	      

	Authorized Signatory

  
 A-3 

 [FORM OF REVERSE OF NOTE] 

Emulex Corporation 
 1.75%
Convertible Senior Notes due 2018 
 This Note is one of a duly authorized issue of securities of the Company (herein called the
“Notes”), issued under the Indenture dated as of November 18, 2013 by and between the Company and U.S. Bank National Association, herein called the “Trustee,” and reference is hereby made to the Indenture for a
statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. In the event
of a conflict between the terms of the Indenture and this Note, the terms of the Indenture shall govern. 
 The Company will pay cash
interest on the unpaid principal amount of this Note at a rate of 1.75% per year. Interest will accrue from the most recent date on which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from
                     [insert date of the indenture for Initial Notes]. Except as provided in the Indenture, interest will be paid to the
Person in whose name this Note is registered at the Close of Business on the Regular Record Date immediately preceding the relevant Interest Payment Date semiannually in arrears on each Interest Payment Date; provided that, if any Interest
Payment Date, Maturity Date or Fundamental Change Purchase Date with respect to this Note falls on a day that is not a Business Day, the required payment will be made on the next succeeding Business Day and no interest on such payment will accrue in
respect of the delay. Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. Except as provided in the Indenture, no interest shall be paid with respect to Notes surrendered for conversion. 

This Note does not benefit from a sinking fund. 

As provided in and subject to the provisions of the Indenture, upon the occurrence of a Fundamental Change the Holder of this Note will have
the right, at such Holder’s option, to require the Company to purchase this Note, or any portion of this Note such that the principal amount of this Note that is not purchased equals $1,000 or an integral multiple of $1,000 in excess thereof,
on the Fundamental Change Purchase Date at a price equal to the Fundamental Change Purchase Price for such Fundamental Change Purchase Date. 

As provided in and subject to the provisions of the Indenture, the Holder hereof has the right, at its option (i) during certain periods
and upon the occurrence of certain conditions specified in the Indenture, prior to the Close of Business on the Business Day immediately preceding August 15, 2018, and (ii) on or after August 15, 2018, at any time prior to the Close
of Business on the Scheduled Trading Day immediately preceding the Maturity Date, to convert this Note or a portion of this Note such that the principal amount of this Note that is not converted equals $1,000 or an integral multiple of $1,000 in
excess thereof, into an amount of cash and, if applicable, shares of Common Stock as determined in accordance with Article 4 of the Indenture. 

  
 A-4 

 As provided in and subject to the provisions of the Indenture, the Company will make all payments
in respect of the Fundamental Change Purchase Price for, and the principal amount of, this Note to the Holder that surrenders this Note to the Paying Agent to collect such payments in respect of this Note. The Company will pay cash amounts in money
of the United States that at the time of payment is legal tender for payment of public and private debts. 
 The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Notes to be effected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in principal amount of the Notes at the time Outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding,
on behalf of the Holders of all Notes, to waive compliance by the Company with certain provisions of the Indenture and certain past Defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute
any proceeding with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with
respect to the Note, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the
Trustee indemnity satisfactory to it, and the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity, and shall not have received from the Holders of a majority in
principal amount of Notes at the time Outstanding a direction inconsistent with such request. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of the principal hereof, premium, if
any, or interest hereon, the Fundamental Change Purchase Price, and the amount of cash and, if applicable, shares of Common Stock due upon conversion of this Note or after the respective due dates expressed in the Indenture. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay or deliver, as the case may be, the principal of (including the Fundamental Change Purchase Price), premium, interest on and the amount of cash and, if applicable, shares of Common Stock due upon
conversion of this Note at the time, place and rate, and in the coin and currency herein prescribed. 
 As provided in the Indenture and
subject to certain limitations therein set forth, the transfer of this Note is registrable in the Register, upon surrender of this Note for registration of transfer to the Trustee, duly endorsed by, or accompanied by a written instrument of transfer
in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon a new Note of this series and of like tenor for the same aggregate principal amount will be issued to
the designated transferee. 

  
 A-5 

 The Notes are issuable only in registered form without coupons in denominations of $1,000 and
integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or Trustee may treat the Person in whose name the Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 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 entirety), JT TEN (= joint tenants with rights of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to Minors Act). 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 All defined terms used in this Note that are defined in the
Indenture shall have the meanings assigned to them in the Indenture. If any provision of this Note limits, qualifies or conflicts with a provision of the Indenture, such provision of the Indenture shall control. 

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

  
 A-6 

 ATTACHMENT 1 

[FORM OF NOTICE OF CONVERSION] 
  

	To:	Emulex Corporation 

 The undersigned owner of this Note hereby irrevocably exercises the option to convert this
Note, or a portion hereof (which is such that the principal amount of the portion of this Note that will not be converted equals $1,000 or an integral multiple of $1,000 in excess thereof) below designated, into an amount of cash and, if applicable,
shares of Common Stock in accordance with the terms of the Indenture referred to in this Note, and directs that any cash payable and any shares of Common Stock issuable and deliverable upon conversion, together with any Notes representing any
unconverted principal amount hereof, be paid and/or issued and/or delivered, as the case may be, to the registered Holder hereof unless a different name is indicated below. 

Subject to certain exceptions set forth in the Indenture, if this notice is being delivered on a date after the Close of Business on a Regular Record Date and
prior to the Open of Business on the Interest Payment Date corresponding to such Regular Record Date, this notice must be accompanied by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of this
Note to be converted. If any shares of Common Stock are to be issued in the name of a Person other than the undersigned, the undersigned will pay all transfer taxes payable with respect to such issuance and transfer as set forth in the Indenture.

 Principal amount to be converted (if less than all): 
 $

 Dated: 
  

	
	Signature(s)
	(Sign exactly as your name appears on the other side of this Note)
	
	Signature Guarantee
	(Signature(s) must be guaranteed by an institution which is a member of one of the following recognized signature Guarantee Programs:
	
	(i) The Notes Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP) or (iv) another guarantee program acceptable to the
Trustee.)

 Fill in if a check is to be issued, or shares of Common Stock or Notes are to be registered, otherwise than to or in the
name of the registered Holder. 

  
 A-7 

 (Name) 
 (Address)

 Please print name and address 
 (including zip code) 

(Social Security or other Taxpayer Identifying Number) 
 Dated:

  

	
	Signature(s)
	(Sign exactly as such Person’s name appears above)
	
	Signature Guarantee
	(Signature(s) must be guaranteed by an institution which is a member of one of the following recognized signature Guarantee Programs:
	
	(i) The Notes Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP) or (iv) another guarantee program acceptable to
the Trustee.)

  
 A-8 

 ATTACHMENT 2 

[FORM OF FUNDAMENTAL CHANGE PURCHASE NOTICE] 
  

	To:	Emulex Corporation 

 The undersigned registered owner of this Note hereby acknowledges receipt of a
notice from Emulex Corporation (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Purchase Date and requests and instructs the Company to pay to the
registered holder hereof in accordance with the applicable provisions of the Indenture referred to in this Note (i) the entire principal amount of this Note, or the portion thereof (that is such that the portion not to be purchased has a
principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof) below designated, and (ii) if such Fundamental Change Purchase Date does not occur during the period after a Regular Record Date and on or prior to the
Interest Payment Date corresponding to such Regular Record Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Purchase Date. 

Principal amount to be purchased (if less than all): 
 $ 

Certificate number (if Notes are in certificated form) 
 Dated:

  

	
	Signature(s)
	(Sign exactly as your name appears on the other side of this Note)
	
	Social Security or Other Taxpayer Identification Number

  
 A-9 

 ATTACHMENT 3 

[FORM OF ASSIGNMENT AND TRANSFER] 
 For value
received, 
 hereby sell(s), assign(s) and transfer(s) unto 

(Please insert social security or Taxpayer Identification Number of assignee) 

the within Note, and hereby irrevocably constitutes and appoints to transfer the said Note on the books of the Company, with full power of substitution in the
premises. 
 In connection with any transfer of the within Note occurring prior to the Resale Restriction Termination Date, as defined in the Indenture
governing such Note, the undersigned confirms that such Note is being transferred: 
  ̈ To Emulex
Corporation or a subsidiary thereof; or 
  ̈ Pursuant to a registration statement which has become effective
under the Securities Act of 1933, as amended; or 
  ̈ To a qualified institutional buyer in compliance with
Rule 144A under the Securities Act of 1933, as amended; or 
  ̈ Pursuant to an exemption from registration
provided by Rule 144 under the Securities Act of 1933, as amended, or any other available exemption from the registration requirements of the Securities Act of 1933, as amended. 

TO BE COMPLETED BY PURCHASER IF THE THIRD BOX ABOVE IS CHECKED 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment
discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has
received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing
representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Date:	 	Signed:

 Unless one of the above boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate
in the name of any Person other than the registered Holder thereof, 

  
 A-10 

 
provided that if the fourth box is checked, the Company or the Trustee may require, prior to registering any such transfer of the Notes, in its sole discretion, such legal opinions,
certifications and other information as the Company or the Trustee may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities
Act. 
 If none of the foregoing boxes is checked, the Trustee or Registrar shall not be obligated to register this Note in the name of any Person other
than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 2.11 of the Indenture shall have been satisfied. 

Dated: 
  

			
	 Signature(s)
	 	
		 	(Sign exactly as your name appears on the other side of this Note)
		
		 	Signature Guarantee

 (Signature(s) must be guaranteed by an institution which is a member of one of the following recognized signature Guarantee
Programs: (i) The Notes Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP) or (iv) another guarantee program acceptable to the
Trustee) 

  
 A-11 

 ATTACHMENT 4 

[Insert for Global Note] 

SCHEDULE OF INCREASES AND DECREASES IN THE GLOBAL NOTE 

Initial Principal Amount of Global Note: 
  

									
	 Date
	  	Amount of Increase
in Principal
Amount of Global
Note	  	Amount of
Decrease in
Principal Amount
of Global Note	  	Principal Amount
of Global Note
After Increase or
Decrease	  	Notation by
Registrar, Note
Custodian or
authorized
signatory of
Trustee
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-12 

 EXHIBIT B 

[FORM OF FREE TRANSFERABILITY CERTIFICATE] 

Officer’s Certificate 

[NAME OF OFFICER], the [TITLE] of Emulex Corporation, a Delaware corporation (the “Company”) does hereby certify, in
connection with the sale of $175,000,000 aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2018 (the “Notes”) pursuant to the terms of the Indenture, dated as of November 18, 2013 (as may be
amended or supplemented from time to time, the “Indenture”), by and among the Company and U.S. Bank National Association (the “Trustee”), that: 

1. The undersigned is permitted to sign this “Officer’s Certificate” on behalf of the Company, as the term “Officer’s
Certificate” is defined in the Indenture. 
 2. The undersigned has read the Indenture and the definitions therein relating thereto.

 3. In the opinion of the undersigned, the undersigned has made such examination as is necessary to enable the undersigned to express an
informed opinion as to whether or not all conditions precedent to the delivery of this certificate provided for in the Indenture have been complied with. 

4. To the best knowledge of the undersigned, all conditions precedent described herein as provided for in the Indenture have been complied
with. 
 In accordance with Section 2.08 of the Indenture, the Company hereby instructs the Trustee as follows: 

As of             , 201    , the Restricted
Notes Legend may be deemed removed from the Global Notes and all Applicable Procedures have been complied with. 
 [Signature page
follows.] 

  
 B-1 

 EXHIBIT B 
  

 IN WITNESS WHEREOF, we have signed this certificate as of
[                    ]. 
  

			
	Emulex Corporation
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2 

 EXHIBIT C 

[FORM OF RESTRICTED STOCK LEGEND] 
 THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: 
 (1)
REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT,
AND 
 (2) AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST
HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER
DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A) TO EMULEX CORPORATION (THE “COMPANY”) OR ANY
SUBSIDIARY THEREOF, OR 
 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR 

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

(D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE DATE: (A) THAT IS AT LEAST ONE
YEAR AFTER THE LAST ORIGINAL ISSUANCE DATE OF THE NOTES (INCLUDING ISSUANCE OF ADDITIONAL NOTES PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASER’S OPTION TO PURCHASE ADDITIONAL NOTES); AND (B) ON WHICH THE COMPANY HAS INSTRUCTED THE
TRUSTEE THAT THIS LEGEND WILL NO LONGER APPLY IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE. 
 PRIOR TO THE REGISTRATION OF ANY
TRANSFER IN ACCORDANCE WITH (2)(D) ABOVE, THE COMPANY AND THE TRANSFER AGENT FOR THIS SECURITY RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH 

  
 C-1 

 
LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 C-2

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