Document:

Exhibit 4.2

Exhibit 4.2

 

NEWMONT MINING CORPORATION

and

NEWMONT USA LIMITED

(as the Subsidiary Guarantor)

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

 

FIRST SUPPLEMENTAL INDENTURE

Dated as of September 18, 2009

to

Indenture dated as of September 18, 2009

 

$900,000,000 5.125% Senior Notes due 2019

$1,100,000,000 6.250% Senior Notes due 2039

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	ARTICLE I
DEFINITIONS

	 
	 	 	 	 	 	 
	SECTION 1.1

	 	Generally
	 	 	1	 
	SECTION 1.2

	 	Definition of Certain Terms
	 	 	2	 
	 
	 	 	 	 	 	 
	 

	 	  Change of Control

	 	 	2	 
	 

	 	 Change of Control Offer

	 	 	3	 
	 

	 	  Change of Control Payment

	 	 	3	 
	 

	 	  Comparable Treasury Issue

	 	 	3	 
	 

	 	  Comparable Treasury Price

	 	 	3	 
	 

	 	  Continuing Directors

	 	 	4	 
	 

	 	  Independent Investment Banker

	 	 	4	 
	 

	 	  Investment Grade Rating

	 	 	4	 
	 

	 	  Moody’s

	 	 	4	 
	 

	 	 Prospectus Supplement

	 	 	4	 
	 

	 	 Rating Agencies

	 	 	4	 
	 

	 	 Reference Treasury Dealer

	 	 	5	 
	 

	 	 Reference Treasury Dealer Quotations

	 	 	5	 
	 

	 	 S&P

	 	 	5	 
	 

	 	 Substitute Rating Agency

	 	 	5	 
	 

	 	 Substitute Rating Agency

	 	 	5	 
	 
	 	 	 	 	 	 
	ARTICLE II
GENERAL TERMS OF THE NOTES

	 
	 	 	 	 	 	 
	SECTION 2.1

	 	Form. The Notes,
the Trustee’s
certificates of
authentication and
the Guaranty shall
be substantially in
the form of Exhibit
A-1 or Exhibit A-2
for the 2019 Notes
and the 2039 Notes,
respectively, to
this First
Supplemental
Indenture, which
are hereby
incorporated into
this First
Supplemental
Indenture. The
terms and
provisions
contained in the
Notes shall
constitute, and are
hereby expressly
made, a part of
this First
Supplemental
Indenture and to
the extent
applicable, the
Company, the
Subsidiary
Guarantor and the
Trustee, by their
execution and
delivery of this
First Supplemental
Indenture,
expressly agree to
such terms and
provisions and to
be bound thereby.
	 	 	5	 
	SECTION 2.2

	 	Amount and Payment
of Principal and
Interest. (a) In
accordance with the
Company Order
delivered to the
Trustee pursuant to
Section 303 of the
Base Indenture, the
Trustee shall
authenticate and
deliver the 2019
Notes with the
Guaranty affixed
thereto for
original issue on
the date hereof in
the aggregate
principal amount of
$900,000,000. The
principal amount of
each 2019 Note
shall be payable on
October
1, 2019. In accordance with the Company Order delivered to the Trustee
pursuant to Section 303 of the Base Indenture, the Trustee shall authenticate
and deliver the 2039 Notes with the Guaranty affixed thereto for original issue
on the date hereof in the aggregate principal amount of $1,100,000,000. The
principal amount of each 2039 Note shall be payable on October 1, 2039.
	 	 	5	 

 

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	 	 	 	 	Page
	 
	SECTION 2.3

	 	Denominations
	 	 	6	 
	SECTION 2.4

	 	Global Securities
	 	 	6	 
	SECTION 2.5

	 	Payment, Transfer and Exchange
	 	 	6	 
	SECTION 2.6

	 	Security Registrar and Paying Agent
	 	 	7	 
	SECTION 2.7

	 	Ranking
	 	 	7	 
	SECTION 2.8

	 	Trustee’s Right to Refuse Directions in Certain Circumstances
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE III
REDEMPTION

	 
	 	 	 	 	 	 
	SECTION 3.1

	 	Redemption. (a) Except as
provided in this Article III,
the Company shall have no
obligation to redeem,
purchase or repay the Notes
pursuant to any mandatory
redemption, sinking fund or
analogous provisions or at
the option of a Holder
thereof.
	 	 	7	 
	SECTION 3.2

	 	Redemption Procedures
	 	 	8	 
	SECTION 3.3

	 	Notice of Redemption
	 	 	8	 
	 
	 	 	 	 	 	 
	ARTICLE IV
CHANGE OF CONTROL

	 
	 	 	 	 	 	 
	SECTION 4.1

	 	Change of Control
	 	 	8	 
	 
	 	 	 	 	 	 
	ARTICLE V
MISCELLANEOUS PROVISIONS

	 
	 	 	 	 	 	 
	SECTION 5.1

	 	Ratification of Base Indenture
	 	 	11	 
	SECTION 5.2

	 	Trustee Not Responsible for Recitals
	 	 	11	 
	SECTION 5.3

	 	Table of Contents, Headings, etc.
	 	 	11	 
	SECTION 5.4

	 	Counterpart Originals
	 	 	11	 
	SECTION 5.5

	 	Governing Law
	 	 	11	 
	 
	 	 	 	 	 	 
	EXHIBIT A-1

	 	Form of 2019 Note
	 	 	A-1-1	 
	EXHIBIT A-2

	 	Form of 2039 Note
	 	 	A-2-1	 

 

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THIS FIRST SUPPLEMENTAL INDENTURE, dated as of September 18, 2009 (the “First Supplemental
Indenture”), among Newmont Mining Corporation, a Delaware corporation, as issuer (the
“Company”), Newmont USA Limited, a Delaware corporation, as Subsidiary Guarantor (the
“Subsidiary Guarantor”), and The Bank of New York Mellon Trust Company, N.A., as Trustee
(the “Trustee”).

RECITALS:

WHEREAS, the Company has executed and delivered to the Trustee an Indenture, dated as of
September 18, 2009 (the “Base Indenture” and as supplemented by this First Supplemental
Indenture, the “Indenture”), providing for the issuance by the Company from time to time of
its unsecured senior debentures, notes or other evidences of indebtedness to be issued in one or
more series unlimited as to principal amount (the “Securities”);

WHEREAS, the Company has duly authorized and desires to cause to be established pursuant to
the Base Indenture and this First Supplemental Indenture two new series of Securities designated
the “5.125% Senior Notes due 2019” (the “2019 Notes”) and the 6.250% Senior Notes due 2039
(the “2039 Notes” and, together with the 2019 Notes, the “Notes”), the form and
terms of such Notes to be set forth in this First Supplemental Indenture;

WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of
the Company, the Subsidiary Guarantor and the Trustee, in accordance with its terms, and a valid
amendment of, and supplement to, the Base Indenture have been done;

NOW, THEREFORE, in consideration of the premises and the purchase and acceptance of the Notes
by the Holders thereof, the Company covenants and agrees with the Trustee, for the equal and
ratable benefit of the Holders, that the Base Indenture is supplemented and amended, to the extent
expressed herein, as follows:

ARTICLE I

DEFINITIONS

SECTION 1.1 Generally. (a) Capitalized terms used herein and not otherwise defined herein
shall have the respective meanings ascribed thereto in the Base Indenture.

(b) The rules of interpretation set forth in the Base Indenture shall be applied hereto as if
set forth in full herein.

 

 

 

SECTION 1.2 Definition of Certain Terms. For all purposes of this First Supplemental
Indenture, except as otherwise expressly provided or unless the context otherwise requires, the
following terms shall have the following respective meanings:

“Additional Notes” has the meaning specified in Section 2.2(b).

“Change of Control” means the occurrence of any of the following:

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition
(other than by way of merger or consolidation), in one or a series of related transactions,
of all or substantially all of the assets of the Company and its Subsidiaries taken as a
whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other
than to the Company or one of its Subsidiaries;

(2) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” (as that term is used in Section
13(d)(3) of the Exchange Act) (other than a Subsidiary of Newmont) becomes the beneficial
owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly,
of more than 50% of the combined Voting Stock of the Company or other Voting Stock into
which the Company’s Voting Stock is reclassified, consolidated, exchanged or changed
measured by voting power rather than by number of shares;

(3) the Company consolidates with, or merges with, any “person” (as that term is used
in Section 13(d)(3) of the Exchange Act), or any person consolidates with, or merges with
or into, the Company, in any such event pursuant to a transaction in which any of the
outstanding Voting Stock of the Company or such other person is converted into or exchanged
for cash, securities or other property, other than any such transaction where the shares of
the Voting Stock of the Company outstanding immediately prior to such transaction
constitute, or are converted into or exchanged for, a majority of the Voting Stock of the
surviving person or any direct or indirect parent company of the surviving person
immediately after giving effect to such transaction;

(4) the first day on which a majority of the members of the Company’s Board of
Directors are not Continuing Directors; or

(5) the adoption of a plan relating to the liquidation or dissolution of the Company.

Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control
if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and
(2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately
following that transaction are substantially the same as the holders of the Company’s Voting Stock
immediately prior to that transaction or (B) immediately following that transaction, no “person”
(as that term is used in Section 13(d)(3) of the Exchange Act) (other than a holding company
satisfying
the requirements of this sentence) is the beneficial owner, directly or indirectly, of more
than 50% of the Voting Stock of such holding company.

 

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“Change of Control Offer” means an offer to repurchase Notes pursuant to Section 4.1
hereof.

“Change of Control Payment” means, with respect to Notes tendered for repurchase
pursuant to a Change of Control Offer, an amount equal to 101% of the aggregate principal amount of
such Notes plus accrued and unpaid interest thereon, if any, to the date of repurchase.

“Change of Control Payment Date” has the meaning specified in Section 4.1.

“Change of Control Repurchase Event means, with respect to a Change of Control and
provided the Notes carry an Investment Grade Rating from both Rating Agencies immediately prior to
the first public announcement of the occurrence of the Change of Control or of the intention of the
Company to effect the Change of Control, the Notes are rated below an Investment Grade Rating by
both Rating Agencies on any date within the 60-day period (which period shall be extended so long
as the rating of the Notes is under publicly announced consideration for a possible downgrade by
either of the Rating Agencies) after the earlier of the occurrence of the Change of Control and the
first public announcement of the intention to effect the Change of Control; provided that a Change
of Control Repurchase Event shall be deemed not to have occurred if (A) a Rating Agency that has
reduced its rating of the Notes below an Investment Grade Rating during that period does not
announce or publicly confirm or inform the Trustee in writing at the Company’s request that the
reduction was the result, in whole or in part, of any event or circumstance comprised from or
arising as a result of the applicable Change of Control (regardless of whether that Change of
Control shall then have occurred) or (B) a rating of the Notes by one of the Rating Agencies is
within that period subsequently upgraded to an Investment Grade Rating. For greater certainty, a
Change of Control Repurchase Event will be deemed not to have occurred in connection with any
particular Change of Control unless and until that Change of Control has actually been consummated.

“Comparable Treasury Issue” means the United States Treasury security selected by the
Reference Treasury Dealer as having a maturity comparable to the remaining term of the Notes to be
redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of those Notes.

“Comparable Treasury Price” means, with respect to any Redemption Date, (1) the
average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the
highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Independent Investment
Banker obtains fewer than three such Reference Treasury Dealer Quotations, the average of all
Reference Treasury Dealer Quotations so received, or (3) if only one Reference Treasury Dealer
Quotation is received, such Reference Treasury Dealer Quotation.

 

-3-

 

“Continuing Directors” means, as of any date of determination, any member of the Board
of Directors of the Company who

(1) was a member of such Board of Directors on the date of the issuance of the Notes;
or

(2) was nominated for election, elected or appointed to such Board of Directors with
the approval of a majority of the Continuing Directors who were members of such Board of
Directors at the time of such nomination, election or appointment (either by a specific
vote or by approval of the Company’s proxy statement in which such member was named as a
nominee for election as a director, without objection to such nomination).

“Guaranty” means, with respect to the Notes, the guarantee of cash payments of the
Company by the Subsidiary Guarantor, subject to the terms and limitations of Article 14 of the Base
Indenture and Exhibit A-1 and Exhibit A-2 hereof.

“Independent Investment Banker” means Deutsche Bank Securities Inc. or UBS Securities
LLC and their respective successors, or if all of such firms are unwilling or unable to select the
Comparable Treasury Issue, an independent investment banking institution of national standing
appointed by the Company.

“Interest Payment Date” has the meaning specified in Section 2.2(c).

“Investment Grade Rating” means a rating of Baa3 or better by Moody’s (or its
equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or
its equivalent under any successor rating categories of S&P); and the equivalent Investment Grade
Rating from any additional Rating Agency or Rating Agencies selected by the Company as a
replacement Rating Agency or replacement Ratings Agencies.

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation,
and its successors.

“Prospectus Supplement” means the prospectus supplement, dated September 15, 2009 to
the prospectus, dated September 15, 2009, relating to the offering by the Company of the Notes.

“Rating Agency” means each of Moody’s and S&P; provided, that if either
Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available
for reasons outside of the Company’s control, the Company may select (as certified by a resolution
of the Company’s Board of
Directors) a “nationally recognized statistical rating organization” within the meaning of
Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, as a replacement agency for Moody’s or S&P, or
both of them, as the case may be.

 

-4-

 

“Reference Treasury Dealer” means (1) Deutsche Bank Securities Inc. or UBS Securities
LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective
successors; provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall
substitute therefor another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer(s)
selected by the Company.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of
the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) quoted in writing to the Independent Investment Banker by that Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding that
Redemption Date.

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and its successors.

“Treasury Rate” means with respect to any Redemption Date, the rate per annum equal to
the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for
the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

“Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of
the Exchange Act) as of any date means the capital stock of such person that is at the time
entitled to vote generally in the election of the Board of Directors of such person.

ARTICLE II

GENERAL TERMS OF THE NOTES

SECTION 2.1 Form. The Notes, the Trustee’s certificates of authentication and the Guaranty
shall be substantially in the form of Exhibit A-1 or Exhibit A-2 for the 2019 Notes
and the 2039 Notes, respectively, to this First Supplemental Indenture, which are hereby
incorporated into this First Supplemental Indenture. The terms and provisions contained in the
Notes shall constitute, and are hereby expressly made, a part of this First Supplemental Indenture
and to the extent applicable, the Company, the Subsidiary
Guarantor and the Trustee, by their execution and delivery of this First Supplemental
Indenture, expressly agree to such terms and provisions and to be bound thereby.

SECTION 2.2 Amount and Payment of Principal and Interest. (a) In accordance with the Company
Order delivered to the Trustee pursuant to Section 303 of the Base Indenture, the Trustee shall
authenticate and deliver the 2019 Notes with the Guaranty affixed thereto for original issue on the
date hereof in the aggregate principal amount of $900,000,000. The principal amount of each 2019
Note shall be payable on October 1, 2019. In accordance with the Company Order delivered to the
Trustee pursuant to Section 303 of the Base Indenture, the Trustee shall authenticate and deliver
the 2039 Notes with the Guaranty affixed thereto for original issue on the date hereof in the
aggregate principal amount of $1,100,000,000. The principal amount of each 2039 Note shall be
payable on October 1, 2039.

 

-5-

 

(b) Subject to the terms and conditions contained herein, the Company may from time to time,
without the consent of the existing Holders create and issue additional Notes of either series (the
“Additional Notes”) having the same terms and conditions as the Notes of a series in all
respects, except for issue date, issue price and, under some circumstances, the first payment of
interest thereon. Such Additional Notes, at the Company’s determination and in accordance with the
provisions of the Indenture, will be consolidated with and form a single series with the previously
outstanding Notes of the same series for U.S. federal income tax purposes and for all purposes
under the Indenture, including, without limitation, amendments, waivers and redemptions. The
aggregate principal amount of the Additional Notes, if any, of a series shall be unlimited.

(c) The 2019 Notes shall bear interest at 5.125% per year beginning on the date of issuance
until the 2019 Notes are redeemed, paid, or duly provided for. The 2039 Notes shall bear interest
at 6.250% per year beginning on the date of issuance until the 2039 Notes are redeemed, paid, or
duly provided for. Interest shall be paid semi-annually in arrears on April 1 and October 1 of
each year (each an “Interest Payment Date”), commencing on April 1, 2010. The regular
record date for interest payable on the Notes shall be the March 15 and September 15, as the case
may be, immediately preceding each Interest Payment Date. Interest will be computed on the basis
of a 360-day year comprised of twelve 30-day months. Any payment of principal or interest required
to be made on a day that is not a Business Day need not be made on such day, but may be made on the
next succeeding Business Day with the same force and effect as if made on such day and no interest
shall accrue as a result of such delayed payment.

SECTION 2.3 Denominations. The Notes will be issuable only in fully registered form without
coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof.

SECTION 2.4 Global Securities. The Notes will be issuable in the form of one or more Global
Securities and the Depositary for such Global Security will be The Depository Trust Company in
accordance with the Base Indenture.

SECTION 2.5 Payment, Transfer and Exchange. (a) The principal and interest on Notes
represented by Global Securities will be payable to the Depositary or its nominee, as the case may
be, as the sole registered owner and the sole Holder of the Global Securities represented thereby.
The principal and interest on Notes represented by physical securities will be payable, either in
person or by mail, at the office of the Paying Agent.

(b) Transfers of Global Securities will be limited to transfer in whole, but not in part, to
the Depositary, its successors or their respective nominees. Interests of beneficial owners in the
Global Securities may be transferred or exchanged for physical securities in accordance with the
Indenture. Notes represented by physical securities are presented to the Security Registrar with a
request from the Holder of such Securities to register a transfer or to exchange them for an equal
principal amount of Securities of other authorized denominations, the Security Registrar will
register the transfer as requested in accordance with the Indenture.

 

-6-

 

SECTION 2.6 Security Registrar and Paying Agent. The Company initially appoints the Trustee
as Security Registrar and Paying Agent. The Company may change the Paying Agent and Security
Registrar without notice to Holders.

SECTION 2.7 Ranking. The Notes will be senior unsecured obligations of the Company. The
payment of the principal of, premium, if any, and interest on the Notes will (i) rank equally in
right of payment with all other indebtedness of the Company that is not by its terms expressly
subordinated to other indebtedness of the Company, and (ii) rank senior in right of payment to all
indebtedness of the Company that is, by its terms, expressly subordinated to the senior
indebtedness of the Company.

SECTION 2.8 Trustee’s Right to Refuse Directions in Certain
Circumstances. With respect to directions given by the Holders of a majority in principal
amount pursuant to the Indenture to the Trustee in its exercise of any trust or power, the Trustee
will be entitled to refuse to follow any such direction that conflicts with law or the Indenture or
that the Trustee determines in good faith is unduly prejudicial to the rights of other Holders or
may impose personal liability upon the Trustee, unless the Trustee is offered indemnity
satisfactory to it.

ARTICLE III

REDEMPTION

SECTION 3.1 Redemption. (a) Except as provided in this Article III, the Company shall have
no obligation to redeem, purchase or repay the Notes pursuant to any mandatory redemption, sinking
fund or analogous provisions or at the option of a Holder thereof.

(b) The Notes are subject to redemption at any time or from time to time, in whole or in part,
at the Company’s option at a Redemption Price equal to the greater of (i) 100% of the principal
amount of the Notes to be redeemed on the
Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of
principal and interest on the Notes being redeemed on that Redemption Date (not including any
portion of any payments of interest accrued to the Redemption Date) discounted to the Redemption
Date on a semiannual basis at the Treasury Rate, as determined by the Reference Treasury Dealer,
plus 30 basis points for the 2019 Notes and 35 basis points for the 2039 Notes, plus, in each case,
accrued interest to the Redemption Date. The Company may provide in such notice that payment of
such Redemption Price and performance of the Company’s obligations with respect to such redemption
or purchase may be performed by another Person. Any such notice may, at the Company’s discretion,
be subject to the satisfaction of one or more conditions precedent.

 

-7-

 

SECTION 3.2 Redemption Procedures. If less than all of the Notes of any series are to be
redeemed, the Notes to be redeemed shall be selected by lot by DTC, in the case of notes
represented by a Global Security, or by the Trustee by a method the Trustee deems to be fair and
appropriate, in the case of Notes that are not represented by a Global Security; provided that
Notes shall not be redeemed in principal amounts of $2,000 or less. In the case of Notes
represented by physical securities, a new Note in principal amount equal to the unredeemed portion
thereof will be issued in the name of the Holder thereof upon cancellation of the original Note.
In the case of Notes represented by a Global Security, the outstanding principal amount of the
Global Security representing the Notes will be reduced by book-entry. Notes called for redemption
become due on the Redemption Date. On and after the Redemption Date, interest stops accruing on
Notes or portions of them called for redemption (unless there is a default in the payment thereof).
On or before the Redemption Date, the Company will deposit with a paying agent (or the Trustee)
money sufficient to pay the Redemption Price of and accrued interest on the Notes to be redeemed on
that date.

SECTION 3.3 Notice of Redemption. (a) At the Company’s written request made at least ten
days prior to the date the notice of redemption is to be given (unless a shorter notice shall be
agreed to in writing by the Trustee), the Trustee shall give the notice of redemption in the
Company’s name and at the Company’s sole expense.

(b) Notices of redemption shall be mailed by first class mail at least 30 but not more than 60
days before the Redemption Date to each Holder of Notes to be redeemed at its registered address.
If any Note is to be redeemed in part only, the notice of redemption that relates to such Note
shall state the portion of the principal amount thereof to be redeemed.

(c) Any notice to holders of Notes of any redemption will include the appropriate calculation
of the Redemption Price, but does not need to include the Redemption Price itself. The actual
Redemption Price, calculated as described above, will be set forth in an Officers’ Certificate of
the Company delivered to the Trustee no later than two Business Days prior to the Redemption Date.

ARTICLE IV

CHANGE OF CONTROL

SECTION 4.1 Change of Control. (a) Upon the occurrence of a Change of Control Repurchase
Event, unless all Notes have been called for redemption, each Holder of Notes shall have the right
to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of
$1,000 in excess thereof) of such Holder’s Notes at an offer price in cash equal to the Change of
Control Payment.

 

-8-

 

Within 30 days following any Change of Control Repurchase Event or, at the Company’s option,
prior to any Change of Control, but after the public announcement of the proposed Change of
Control, the Company shall mail, or cause to be mailed, a notice to the Trustee and to each Holder
describing the transaction or transactions that constitute the Change of Control Repurchase Event
and offer to repurchase Notes (the “Change of Control Offer”) on the payment date (the
“Change of Control Payment Date”) specified in the notice, which date will be no earlier
than 30 days and no later than 60 days from the date such notice is mailed, other than as may be
required by law. The notice shall, if mailed prior to the date of consummation of the Change of
Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event
occurring on or prior to the payment date specified in the notice and shall also specify:

(i) that the Change of Control Offer is being made pursuant to this Section 4.1 and
that all Notes tendered will be accepted for payment;

(ii) the Change of Control Payment and the Change of Control Payment Date;

(iii) the CUSIP numbers for the Notes;

(iv) that any Note not tendered will continue to accrue interest;

(v) that, unless the Company defaults in the payment of the Change of Control Payment,
all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue
interest after the Change of Control Payment Date;

(vi) that Holders electing to have any Notes purchased pursuant to a Change of Control
Offer will be required to surrender such Notes to the Paying Agent at the address specified
in the notice prior to the close of business on the third Business Day prior to the Change
of Control Payment Date;

(vii) that Holders will be entitled to withdraw their election referred to in clause
(vi) if the Paying Agent receives, not later than the close of business on the second
Business Day preceding the Change of Control Payment Date, a facsimile transmission or
letter setting forth the name of the Holder, the principal amount of Notes delivered for
purchase, and a statement that such Holder is withdrawing his election to have the Notes
purchased; and

(viii) that Holders whose Notes are being purchased only in part will be issued new
Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which
unpurchased portion will be equal to $2,000 in principal amount or an integral multiple of
$1,000 in excess thereof.

 

-9-

 

(b) Holders of Notes electing to have their Notes purchased pursuant to a Change of Control
Repurchase Event offer will be required to surrender their Notes, with the form entitled “Option of
Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address
specified in the notice, or transfer their Notes to the Paying Agent by book-entry transfer
pursuant to the applicable procedures of the Paying Agent, prior to the close of business on the
third business day prior to the Change of Control Payment Date.

(c) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with the repurchase of the Notes as a result of a Change of Control
Repurchase Event. To the extent that the provisions of any applicable securities or corporate laws
or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the
Company will comply with the applicable securities or corporate laws and regulations and will not
be deemed to have breached its obligations under the Change of Control Repurchase Event provisions
of the Notes by virtue of such conflict.

(d) On the Change of Control Purchase Date, the Company will, to the extent lawful:

(i) accept for payment all Notes or portions of the Notes properly tendered pursuant
to the Change of Control Offer;

(ii) deposit with the Paying Agent an amount equal to the aggregate purchase price in
respect of all the Notes or portions of the Notes properly tendered; and

(iii) deliver or cause to be delivered to the Trustee the Notes properly accepted,
together with an Officers’ Certificate stating the aggregate principal amount of Notes
being purchased by the Company.

(e) The Paying Agent will promptly mail to each Holder of Notes properly tendered the Change
of Control Payment for the Notes (or make payment through the Depositary), and the Trustee will
promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note
equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each
new Note will be in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess
thereof.

(f) The Company will not be required to make a Change of Control Offer upon a Change of
Control Repurchase Event if a third party makes the Change of Control Offer in the manner, at the
times and otherwise in compliance with the requirements forth in this Section 4.1 applicable to a
Change of Control Offer made by the Company and such third party purchases all Notes properly
tendered and not withdrawn under its Change of Control Offer.

(g) The Trustee shall not be deemed to have notice of any Change of Control or Change of
Control Repurchase Event until the Trustee has received written notice thereof from the Company,
and in the absence of receipt of such notice, the Trustee may conclusively assume that no Change of
Control or Change of Control Repurchase Event has occurred. The Trustee shall have no obligation
or duty to (i) monitor, determine or inquire as to the rating of the Notes by any Rating Agency,
including, without limitation, as to whether the Notes carry an Investment Grade Rating from any
Rating Agency or as to whether any Rating Agency has at any time or during any period of time
reduced or upgraded its rating of the Notes below or above an Investment Grade Rating or (ii)
unless otherwise requested in writing by the Company, to provide notice of or disseminate to any
Person, including without limitation, any Holder, any information received from a Rating Agency
pursuant to clause (A) of the proviso of the definition of Change of Control Repurchase Event.

 

-10-

 

ARTICLE V

MISCELLANEOUS PROVISIONS

SECTION 5.1 Ratification of Base Indenture. The Base Indenture, as supplemented by this First
Supplemental Indenture, is in all respects ratified and confirmed, and this First Supplemental
Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and
therein provided.

In addition to the modifications permitted by clauses (1) through (12) of Section 901 of the
Base Indenture, the Company, without the consent of any Holders, when authorized by a Board
Resolution, 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, to conform the provisions of
this Indenture to the “Description of Notes” Section of the Prospectus Supplement.

SECTION 5.2 Trustee Not Responsible for Recitals. The recitals contained herein and in the
Notes, except with respect to the Trustee’s certificates of authentication, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the correctness of the
same. The Trustee makes no representations as to the validity or sufficiency of this First
Supplemental Indenture, of the Notes or of the Guaranties. The Trustee shall not be accountable
for the use or application by the Company of the Notes or the proceeds thereof.

SECTION 5.3 Table of Contents, Headings, etc. The table of contents and headings of the
Articles and Sections of this First Supplemental Indenture have been inserted for convenience of
reference only, are not to be considered a part hereof and shall in no way modify or restrict any
of the terms or provisions hereof.

SECTION 5.4 Counterpart Originals. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

SECTION 5.5 Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAW.

[Signature Pages Follow]

 

-11-

 

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

	 	 	 	 	 
	THE COMPANY

 
	 
	 	NEWMONT MINING CORPORATION

 	 
	 	By:  	/s/ Russell D. Ball
 	 
	 	 	Name:
Title:	 Russell D. Ball

Executive Vice President and

Chief Financial Officer 	 
	 
	THE SUBSIDIARY GUARANTOR

 
	 
	 	
NEWMONT USA LIMITED

 	 
	 	By:  	/s/ Thomas P. Mahoney
 	 
	 	 	Name:
Title:	 Thomas P. Mahoney

Vice President and Treasurer 	 
	 
	THE TRUSTEE

 
	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	/s/ Alex Briffett 	 
	 	 	Name:  	John (Alex) Briffett 	 
	 	 	Title:  	Senior Associate 	 

 

S-1

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO IN THE TERMS OF SECURITIES ATTACHED HERETO.

NEWMONT MINING CORPORATION

5.125% Senior Notes due 2019

			
	No. _____	 	CUSIP No. 651639 AL0

$                    

Newmont Mining Corporation, a corporation duly organized and existing under the laws of
Delaware (herein called the “Company”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of                      Dollars
($                    ) on October 1, 2019, and to
pay interest thereon from September 18, 2009 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on April 1 and October 1 in each year,
commencing April 1, 2010, at the rate of 5.125% per annum, until the principal hereof is paid or
made available for payment. The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name
this Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the March 15 or September 15 (whether or not
a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to
Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be
paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in said Indenture.

Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of the Company maintained for that purpose in New York, New York,
in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.

Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

 

A-1-1

 

In Witness Whereof, the Company has caused this instrument to be duly executed under
its corporate seal.

Dated: September __, 2009

	 	 	 	 	 
	 	NEWMONT MINING CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Attest:

	 	 	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

A-1-2

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK

MELLON TRUST COMPANY, N.A.,

As Trustee

 	 
	Dated:                      	By:  	 	 
	 	 	Authorized Signatory 	 

 

A-1-3

 

Reverse of Security

NEWMONT MINING CORPORATION

This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
September 18, 2009 (herein called the “Base Indenture”), among the Company, Newmont USA Limited, as
Subsidiary Guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee (herein
called the “Trustee”, which term includes any successor trustee under the Indenture), as
supplemented by the First Supplemental Indenture, dated as of September 18, 2009 (herein called the
“First Supplemental Indenture” and the Base Indenture, as so supplemented by the First Supplemental
Indenture, herein called the “Indenture”), among the Company, the Subsidiary Guarantor and 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 Subsidiary Guarantor,
the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and
are to be, authenticated and delivered.

The Securities of this series are subject to redemption upon not less than 30 days’ notice by
mail, at any time, as a whole or in part, at the election of the Company, in accordance with the
terms of the Indenture, at the greater of the following amounts:

	 	•	 	100% of the principal amount of the Securities being redeemed on the Redemption Date; or
	 
	 	•	 	the sum of the present values of the remaining scheduled payments of principal and
interest on the Securities being redeemed on that Redemption Date (not including any
portion of any payments of interest accrued to the Redemption Date) discounted to the
Redemption Date on a semiannual basis, at the Treasury Rate plus 30 basis points;

plus, in each case, accrued and unpaid interest on the Securities to the Redemption Date.

Upon the occurrence of a Change of Control Repurchase Event, unless all Securities have been
called for redemption pursuant to the provision described above, each Holder of Securities of this
series shall have the right to require the Company to repurchase all or any part (equal to $2,000
or an integral multiple of $1,000 in excess thereof) of such Securities at an offer price in cash
equal to the Change of Control Payment.

In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.

The Securities shall have the benefit of the Guaranty of Newmont USA Limited on the terms set
forth therein.

The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Security upon compliance with certain conditions set forth in the Indenture.

If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.

 

A-1-4

 

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
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of at least a majority in principal amount of the Securities at the time
Outstanding of each series to be affected. The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, 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 Security shall be conclusive
and binding upon such Holder and upon all future Holders of this Security and of any Security
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 Security.

As provided in and subject to the provisions of the Indenture, the Holder of this Security
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 Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series 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 the Trustee, and the Trustee shall not have received from the Holders of
a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days
after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any payment of principal
hereof or any premium or interest hereon on or after the respective due dates expressed herein.

No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed.

As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiples of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder surrendering the same.

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.

Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

 

A-1-5

 

All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

THIS SECURITY WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 

A-1-6

 

GUARANTY

For value received, Newmont USA Limited, a Delaware corporation, (the “Guarantor”) hereby
fully and unconditionally guarantees the cash payments in United States dollars of principal of and
interest on the Security on which this Guarantee is endorsed in the amounts and at the time when
due and interest on the overdue principal and interest, if any, on this Security, if lawful, and
the payment of all other obligations of Newmont Mining Corporation (the “Company”) under the
Indenture or the Security, to the Holder of this Security and the Trustee, all in accordance with
and subject to the terms and limitations of this Security, Article 14 of the Base Indenture and
this Guaranty. This Guaranty will become effective in accordance with Article 14 of the Base
Indenture and its terms shall be evidenced therein. Capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Indenture, dated as of September 18, 2009 (herein
called the “Base Indenture”), among the Company, the Guarantor, and The Bank of New York Mellon
Trust Company, N.A., as trustee, as amended or supplemented (as so amended or supplemented, the
“Indenture”).

The obligations of the undersigned to the Holder of this Security and to the Trustee pursuant
to the Guaranty and the Indenture are expressly set forth in Article 14 of the Base Indenture and
reference is hereby made to the Indenture for the precise terms and limitations of the Guaranty and
all of the other provisions of the Indenture to which this Guaranty relates. Each Holder of the
Security to which this Guaranty is endorsed, by accepting such Security, agrees to and shall be
bound by such provisions. The Guarantor will be deemed released from all of its obligations under
the Indenture and this Guaranty, and this Guaranty will terminate, without any action required on
the part of the Trustee or any Holder of the Securities, upon the terms and conditions as provided
in Sections 1402 and 1403 of the Indenture.

This Guaranty shall be an unsecured and unsubordinated obligation of the Guarantor and rank
equally with other unsecured and unsubordinated indebtedness of the Guarantor that is currently
outstanding or that it may issue in the future.

This Guaranty shall not be valid or obligatory for any purpose until the certificate of
authentication on the Security upon which this Guaranty is endorsed shall have been executed by the
Trustee under the Indenture by manual signature.

THIS GUARANTY WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

This Guaranty is subject to release upon the terms set forth in the Indenture.

 

A-1-7

 

IN WITNESS WHEREOF this instrument has been duly executed in the name of the Guarantor.

	 	 	 	 	 
	 	NEWMONT USA LIMITED

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

 

A-1-8

 

OPTION OF HOLDER TO ELECT PURCHASE

If you want to elect to have this Security purchased by the Company pursuant to the Company’s
offer upon a Change of Control Repurchase Event in accordance with the Indenture, check the box: o

If you want to elect to have only part of this Note purchased by the Company pursuant to the
Indenture, state the amount in principal amount (must be denominations of $2,000 or an integral
multiple of $1,000 in excess thereof): $                    .

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	Your Signature:	 	 	 	 
	 

	 	 

	 	 
	 	 

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

	 	 	 	 	 
	Signature Guarantee:
	 	 	 	 
	 

	 	 

	 	 
	 

	 	(Signature must be guaranteed)	 	 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

 

A-1-9

 

Exhibit A-2

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO IN THE TERMS OF SECURITIES ATTACHED HERETO.

NEWMONT MINING CORPORATION

6.250% Senior Notes due 2039

			
	No. _____	 	CUSIP No. 651639 AM8

$                    

Newmont Mining Corporation, a corporation duly organized and existing under the laws of
Delaware (herein called the “Company”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of                      Dollars
($                    ) on October 1, 2039, and
to pay interest thereon from September 18, 2009 or from the most recent Interest Payment Date to
which interest has been paid or duly provided for, semi-annually on April 1 and October 1 in each
year, commencing April 1, 2010, at the rate of 6.250% per annum, until the principal hereof is paid
or made available for payment. The interest so payable, and punctually paid or duly provided for,
on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest, which shall be the March 15 or September 15 (whether
or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in said Indenture.

Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of the Company maintained for that purpose in New York, New York,
in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts.

Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

 

A-2-1

 

In Witness Whereof, the Company has caused this instrument to be duly executed under
its corporate seal.

Dated: September __, 2009

	 	 	 	 	 
	 	NEWMONT MINING CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Attest:

	 	 	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

A-2-2

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK

MELLON TRUST COMPANY, N.A.,

As Trustee

 	 
	Dated:                      	By:  	 	 
	 	 	Authorized Signatory 	 

 

A-2-3

 

Reverse of Security

NEWMONT MINING CORPORATION

This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
September 18, 2009 (herein called the “Base Indenture”), among the Company, Newmont USA Limited, as
Subsidiary Guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee (herein
called the “Trustee”, which term includes any successor trustee under the Indenture), as
supplemented by the First Supplemental Indenture, dated as of September 18, 2009 (herein called the
“First Supplemental Indenture” and the Base Indenture, as so supplemented by the First Supplemental
Indenture, herein called the “Indenture”), among the Company, the Subsidiary Guarantor and 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 Subsidiary Guarantor,
the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and
are to be, authenticated and delivered.

The Securities of this series are subject to redemption upon not less than 30 days’ notice by
mail, at any time, as a whole or in part, at the election of the Company, in accordance with the
terms of the Indenture, at the greater of the following amounts:

	 	•	 	100% of the principal amount of the Securities being redeemed on the Redemption Date; or
	 
	 	•	 	the sum of the present values of the remaining scheduled payments of principal and
interest on the Securities being redeemed on that Redemption Date (not including any
portion of any payments of interest accrued to the Redemption Date) discounted to the
Redemption Date on a semiannual basis, at the Treasury Rate plus 35 basis points;

plus, in each case, accrued and unpaid interest on the Securities to the Redemption Date.

Upon the occurrence of a Change of Control Repurchase Event, unless all Securities have been
called for redemption pursuant to the provision described above, each Holder of Securities of this
series shall have the right to require the Company to repurchase all or any part (equal to $2,000
or an integral multiple of $1,000 in excess thereof) of such Securities at an offer price in cash
equal to the Change of Control Payment.

In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.

The Securities shall have the benefit of the Guaranty of Newmont USA Limited on the terms set
forth therein.

The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Security upon compliance with certain conditions set forth in the Indenture.

If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.

 

A-2-4

 

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
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of at least a majority in principal amount of the Securities at the time
Outstanding of each series to be affected. The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, 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 Security shall be conclusive
and binding upon such Holder and upon all future Holders of this Security and of any Security
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 Security.

As provided in and subject to the provisions of the Indenture, the Holder of this Security
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 Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series 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 the Trustee, and the Trustee shall not have received from the Holders of
a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days
after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any payment of principal
hereof or any premium or interest hereon on or after the respective due dates expressed herein.

No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed.

As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiples of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder surrendering the same.

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.

Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

 

A-2-5

 

All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

THIS SECURITY WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 

A-2-6

 

GUARANTY

For value received, Newmont USA Limited, a Delaware corporation, (the “Guarantor”) hereby
fully and unconditionally guarantees the cash payments in United States dollars of principal of and
interest on the Security on which this Guarantee is endorsed in the amounts and at the time when
due and interest on the overdue principal and interest, if any, on this Security, if lawful, and
the payment of all other obligations of Newmont Mining Corporation (the “Company”) under the
Indenture or the Security, to the Holder of this Security and the Trustee, all in accordance with
and subject to the terms and limitations of this Security, Article 14 of the Base Indenture and
this Guaranty. This Guaranty will become effective in accordance with Article 14 of the Base
Indenture and its terms shall be evidenced therein. Capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Indenture, dated as of September 18, 2009 (herein
called the “Base Indenture”), among the Company, the Guarantor, and The Bank of New York Mellon
Trust Company, N.A., as trustee, as amended or supplemented (as so amended or supplemented, the
“Indenture”).

The obligations of the undersigned to the Holder of this Security and to the Trustee pursuant
to the Guaranty and the Indenture are expressly set forth in Article 14 of the Base Indenture and
reference is hereby made to the Indenture for the precise terms and limitations of the Guaranty and
all of the other provisions of the Indenture to which this Guaranty relates. Each Holder of the
Security to which this Guaranty is endorsed, by accepting such Security, agrees to and shall be
bound by such provisions. The Guarantor will be deemed released from all of its obligations under
the Indenture and this Guaranty, and this Guaranty will terminate, without any action required on
the part of the Trustee or any Holder of the Securities, upon the terms and conditions as provided
in Sections 1402 and 1403 of the Indenture.

This Guaranty shall be an unsecured and unsubordinated obligation of the Guarantor and rank
equally with other unsecured and unsubordinated indebtedness of the Guarantor that is currently
outstanding or that it may issue in the future.

This Guaranty shall not be valid or obligatory for any purpose until the certificate of
authentication on the Security upon which this Guaranty is endorsed shall have been executed by the
Trustee under the Indenture by manual signature.

THIS GUARANTY WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

This Guaranty is subject to release upon the terms set forth in the Indenture.

 

A-2-7

 

IN WITNESS WHEREOF this instrument has been duly executed in the name of the Guarantor.

	 	 	 	 	 
	 	NEWMONT USA LIMITED

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

 

A-2-8

 

OPTION OF HOLDER TO ELECT PURCHASE

If you want to elect to have this Security purchased by the Company pursuant to the Company’s
offer upon a Change of Control Repurchase Event in accordance with the Indenture, check the box: o

If you want to elect to have only part of this Note purchased by the Company pursuant to the
Indenture, state the amount in principal amount (must be denominations of $2,000 or an integral
multiple of $1,000 in excess thereof): $                    .

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	Your Signature:	 	 	 	 
	 

	 	 

	 	 
	 	 

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

	 	 	 	 	 
	Signature Guarantee:
	 	 	 	 
	 

	 	 

	 	 
	 

	 	(Signature must be guaranteed)	 	 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

 

A-2-9exv10w1

PLACEMENT AGENCY AGREEMENT

September
17, 2009

Roth Capital Partners, LLC

24 Corporate Plaza

Newport Beach, CA 92660

Ladies and Gentlemen:

     Majesco Entertainment Company, a Delaware corporation (the “Company”), proposes,
subject to the terms and conditions of this Placement Agency Agreement (this “Agreement”),
to issue and sell an aggregate of up to $9.63 million in shares (the “Shares”) of its Common
Stock, $0.001 par value per share (the “Common Stock”), directly to various investors
(collectively, the “Investors”) pursuant to the Subscription Agreements in the form
attached as Exhibit B hereto (the “Subscription Agreements” and each, a “Subscription
Agreement”). The Company hereby confirms its agreement with the Placement Agent (as defined
below) as follows:

Section 1. Agreement to Act as Placement Agent.

     (a) On the basis of the representations, warranties and agreements of the Company herein
contained, and subject to all the terms and conditions of this Agreement between the Company and
Roth Capital Partners, LLC (“Roth Capital”), Roth Capital shall be the Company’s exclusive
placement agent (in such capacity, the “Placement Agent”), on a best efforts basis, in
connection with the issuance and sale by the Company of the Shares in the proposed takedown from a
shelf registration statement on Form S-3, including the exhibits
thereto, as amended at the date of this Agreement (Registration Statement No. 333-159980) (the
“Registration Statement”), with the terms of such takedown to be subject to market
conditions and negotiations between the Company, Roth Capital and the prospective Investors (such
takedown shall be referred to herein as the “Offering”). As compensation for services
rendered, and provided that any of the Shares are sold to Investors in the Offering, on the Closing
Date (as defined below) of the Offering, the Company shall pay to the Placement Agent an amount
equal to (a) 6.5% and 1.0% (non-accountable) (for a total of 7.5%) of the gross proceeds received
by the Company from the sale of the Shares; and (b) the Placement Agent’s out-of-pocket expenses
and legal expenses in excess of $20,000, up to a maximum of $30,000 for legal expenses. Any
expenses in excess of $60,000 in the aggregate shall require prior written approval of the Company.
Air travel must be coach or economy class.

     This Agreement shall not give rise to any commitment by the Placement Agent to purchase any of
the Shares, and the Placement Agent shall have no authority to bind the Company. The Placement
Agent shall act on a best efforts basis to solicit offers to purchase the Shares and to procure
performance by the Investors in the Shares; provided,
however, that the Placement Agent does not
guarantee that it will be able to raise new capital in the prospective Offering. The Company
acknowledges that any advice given by Roth Capital to the Company is solely for the benefit and use
of the Board of Directors of the Company and may not be used, reproduced, disseminated, quoted or
referred to, without the Placement Agent’s prior written consent. The Placement Agent may, with
the prior written consent of the Company, retain other brokers or dealers to act as sub-agents on
its behalf in connection with any Offering.

          (b) The term of the Placement Agent’s exclusive engagement (the “Engagement
Period”) will be six months; however, the Company may terminate the engagement at any time upon
thirty (30) days written notice to the Placement Agent. Upon termination, the Placement Agent will
be entitled to collect all fees earned and, to the extent provided herein, to be reimbursed for
expenses incurred through the date of termination. Notwithstanding anything to the contrary
contained herein, in no event shall Roth

1

 

be entitled to any commission with respect to any sales of securities to any person or entity
after the termination of the Engagement Period; provided, however,
that  if the Offering is not consummated
during the Engagement Period and during the six (6) months following termination of this Agreement the
Company completes an offering of its securities with any person introduced by Roth during the
Engagement Period, the Company agrees to pay Roth upon the closing of such transaction the full
cash fee in the amount that would otherwise have been payable to Roth had such transaction occurred
during the Engagement Period. Nothing in this Agreement shall be construed to limit the ability of
the Placement Agent or its affiliates to pursue, investigate, analyze, invest in, or engage in
investment banking, financial advisory or any other business relationship with entities or persons
other than the Company.

Section 2. Representations, Warranties and Agreements of the Company.

     The Company hereby represents, warrants and covenants to the Placement Agent as of the date
hereof, and as of the Closing Date of the Offering, as follows:

     (a) Securities Law Filings. The Company has filed with the Securities and Exchange Commission
(the “Commission”) the Registration Statement, which
became effective on August 28, 2009, for the
registration under the Securities Act of 1933, as amended (the “Act”), of the Shares. On
the date of the filing of the Registration Statement and the date on which the Registration
Statement became effective, the Company met the requirements for use of Form S-3 under the Act.
The Registration Statement meets the requirements set forth in Rule 415(a)(1)(x) under the Act and
complies in all other material respects with said Rule. The Company will file with the Commission
pursuant to Rule 424(b) under the Act a supplement to the form of
prospectus included in the
Registration Statement relating to a placement of the Shares and the plan of distribution thereof
and the Company has advised the Placement Agent of all further material information (financial and
other) with respect to the Company to be set forth therein.  Such prospectus, in the form in which it appears in the
Registration Statement, is hereinafter called the “Base Prospectus”; and the supplemented form of
prospectus, in the form in which it will be filed with the Commission pursuant to Rule 424(b), is
hereinafter called a “Prospectus Supplement.” Any reference herein to the Registration
Statement, the Base Prospectus or the Prospectus Supplement shall be deemed to refer to and include
the documents incorporated by reference therein (the “Incorporated Documents”) pursuant to
Item 12 of Form S-3 which were filed under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), on or before the date of this Agreement, or the issue date of the Base
Prospectus or Prospectus Supplement, as the case may be; and any reference herein to the terms
“amend,” “amendment” or “supplement” with respect to the Registration Statement, the Base
Prospectus or the Prospectus Supplement shall be deemed to refer to and include the filing of any
document under the Exchange Act after the date of this Agreement and prior to the time of the
Closing (as defined below), or the issue date of the Base Prospectus or the Prospectus Supplement,
as the case may be, deemed to be incorporated therein by reference. All references in this
Agreement to financial statements and schedules and other information which is “contained,”
“included” or “stated” in the Registration Statement or the Prospectus Supplement (and all other
references of like import) shall be deemed to mean and include all such financial statements and
schedules and other information which is or is deemed to be incorporated by reference in the
Registration Statement or the Prospectus Supplement, as the case may be.

     (b) No Stop Order. No stop order suspending the effectiveness of the Registration Statement
or the use of the Base Prospectus or the Prospectus Supplement has been issued, and no proceeding
for any such purpose is pending or has been initiated or, to the Company’s knowledge, is threatened
by the Commission.

2

 

     (c) Compliance with Applicable Regulations. The Registration Statement (and any further
documents to be filed with the Commission) contains all exhibits and schedules as required by the
Act. Each of the Registration Statement and any post-effective amendment thereto, at the time it
became effective, complied in all material respects with the Act and the Exchange Act and the
applicable rules and regulations of the Commission thereunder and did not and, as amended or
supplemented, if applicable, will not, contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not
misleading. Each of the Base Prospectus and the Prospectus Supplement, as of its respective date,
complied in all material respects with the Act and the Exchange Act and the applicable rules and
regulations of the Commission thereunder. Each of the Base Prospectus and the Prospectus
Supplement, as amended or supplemented, did not and will not contain as of the effective date
thereof any untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in light of the circumstances under which they were made, not
misleading. The Incorporated Documents, when they became effective or were filed with the
Commission, as the case may be, conformed in all material respects to the requirements of the
Exchange Act and the applicable rules and regulations of the Commission thereunder, and none of
such documents contained any untrue statement of a material fact or omitted to state a material
fact necessary to make the statements therein not misleading; and any further documents so filed
and incorporated by reference in the Base Prospectus or Prospectus Supplement prior to the Closing,
when such documents become effective or are filed with the Commission, as the case may be, will
conform in all material respects to the requirements of the Exchange Act and the applicable rules
and regulations of the Commission thereunder, as applicable, and will not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements
therein not misleading. Notwithstanding the foregoing, the Company makes no representations or
warranties as to the information contained in or omitted from the Prospectus Supplement or any
amendment thereof or supplement thereto in reliance upon and in conformity with information
furnished in writing to the Company by or on behalf of the Placement Agent specifically for use in
the Registration Statement or the Prospectus Supplement. No post-effective amendment to the
Registration Statement reflecting any facts or events arising after the effective date thereof
which represent, individually or in the aggregate, a fundamental change in the information set
forth therein is required to be filed with the Commission.

     (d) Reports and Documents, etc. There are no documents required to be filed with the
Commission in connection with the transaction contemplated hereby that (x) have not been filed as
required pursuant to the Act or (y) will not be filed within the requisite time period. There are
no contracts or other documents required to be described in the Prospectus Supplement, or to be
filed as exhibits or schedules to the Registration Statement, which have not been described or
filed as required.

     (e) Offering Materials Furnished to the Placement Agent. The Company has delivered, or will
as promptly as practicable deliver, to the Placement Agent complete conformed copies of the
Registration Statement and of each consent and certificate of experts filed as a part thereof, and
conformed copies of the Registration Statement (without exhibits) and the Base Prospectus and the
Prospectus Supplement, as amended or supplemented, in such quantities and at such places as the
Placement Agent reasonably requests.

     (f) Distribution of Offering Material. The Company has not distributed and will not
distribute, prior to the Closing Date, any offering material in connection with the offering and
sale of the Shares other than the Base Prospectus and the Prospectus Supplement or the Registration
Statement and copies of the documents incorporated by reference therein. For the avoidance of
doubt, any other material prepared and distributed solely by the Placement Agent is not deemed to
be distributed by the Company for purposes of this paragraph (f).

3

 

     (g) The Placement Agency Agreement. This Agreement has been duly authorized, executed and
delivered by, and is a valid and binding agreement of, the Company, enforceable against the Company
in accordance with its terms, except as rights to indemnification and contribution hereunder may be
limited by applicable law and except as the enforcement hereof may be limited by bankruptcy,
insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights
and remedies of creditors or by general equitable principles.

     (h) Authorization of the Shares. The Shares have been duly authorized for issuance and sale,
and the Shares, when issued and delivered by the Company to the Investors against payment therefor
pursuant to this Agreement and the Subscription Agreements, will be validly issued, fully paid and
nonassessable.

     (i) No Material Adverse Change. Subsequent to the respective dates as of which information is
given in the Base Prospectus and in any Prospectus Supplement: (i) there has been no material
adverse change or effect, or any development that could reasonably be expected to result in a
material adverse change or effect, in the condition, financial or otherwise, or in the earnings,
business, operations or prospects of the Company and the Subsidiaries (as defined below) taken as a
whole (any such change or effect, where the context so requires, is called a “Material Adverse
Change” or a “Material Adverse Effect”); (ii) the Company and the Subsidiaries have not
incurred any material liability or obligation, indirect, direct or contingent, not in the ordinary
course of business nor entered into any material transaction or agreement not in the ordinary
course of business; and (iii) there has been no dividend or distribution of any kind declared, paid
or made by the Company on any class of capital stock or repurchase or redemption by the Company of
any class of capital stock.

     (j) Independent Accountants. McGladrey & Pullen, LLP and Goldstein Golub Kessler LLP, which
have expressed their opinions with respect to the financial statements (which term as used in this
Agreement includes the related notes and schedules thereto) and supporting schedules filed with the
Commission as a part of the Registration Statement and incorporated by reference in the Prospectus
Supplement, are independent registered public accounting firms as required by the Act and the
Exchange Act.

     (k) Preparation of the Financial Statements. The financial statements filed with the
Commission as a part of the Registration Statement or included or incorporated by reference in the
Base Prospectus or Prospectus Supplement present fairly in all material respects the financial
position of the Company and its consolidated Subsidiaries as of and at the dates indicated and the
results of their operations and cash flows for the periods specified therein. The supporting
exhibits and schedules included in the Registration Statement, if any, present fairly the
information required to be stated therein subject to the normal year-end adjustments which are not
expected to be material in amount. The assumptions used in preparing the pro forma financial
statements, if any, provide a reasonable basis for presenting the significant effects attributable
to the transactions or events described therein, any related pro forma adjustments comply with
Regulation G and give appropriate effect to the assumptions, and the pro forma columns and
reconciliations therein reflect the proper application of adjustments to the corresponding
historical financial statements. Such financial statements and supporting schedules, if any, have
been prepared in conformity with generally accepted accounting principles as applied in the United
States (“GAAP”), as applicable, applied on a consistent basis throughout the periods
involved, except as may be expressly stated in the related notes thereto and comply in all material
respects with the Act, the Exchange Act and the applicable rules and regulations of the Commission
thereunder. No other financial statements or supporting schedules or exhibits are required by the
Act or the rules and regulations of the Commission thereunder to be included in the Registration
Statement or the Prospectus Supplement.

4

 

     (l) Incorporation and Good Standing. Each of the Company and its subsidiaries set forth in
Exhibit C hereto (the “Subsidiaries”) has been duly organized and is validly existing and,
as applicable, is a corporation in good standing under the laws of its jurisdiction of
incorporation with full corporate power and authority to own its properties and other assets and
conduct its business as described in the Prospectus Supplement, and is duly qualified or licensed
to do business as a foreign corporation and, as applicable, is in good standing under the laws of
each jurisdiction which requires such qualification or license, except where the failure to be so
qualified or in good standing would not have a Material Adverse Effect.

     (m) Capitalization and Other Capital Stock Matters. The authorized, issued and outstanding
capital stock of the Company is as set forth in the Registration Statement and in each Prospectus
Supplement (other than for issuances after the dates thereof, if any, pursuant to employee benefit
plans described in any Prospectus Supplement or upon exercise of outstanding options or warrants
described in any Prospectus Supplement). The Shares conform in all material respects to the
description thereof contained in the Base Prospectus and the Prospectus Supplement. As of
September 15, 2009, there were 32,134,729 shares of Common Stock outstanding. Since such date, the
Company has not issued any securities other than (i) Common Stock of the Company pursuant to the
exercise of previously outstanding options in connection with the Company’s employee stock purchase
and option plans (the “Plans”), outstanding warrants and other outstanding obligations, and
(ii) options granted pursuant to the Plans in the ordinary course of business consistent with past
practice, in each case as disclosed in the Base Prospectus and each Prospectus Supplement. All the
issued and outstanding shares of the capital stock of the Company and the Subsidiaries have been
duly authorized and validly issued, are fully paid and nonassessable and have been issued in
compliance, in all material respects, with federal and state securities laws, as applicable.
Except as set forth in the Base Prospectus and each Prospectus Supplement, all of the outstanding
shares of capital stock of the Subsidiaries are owned, directly or indirectly, by the Company.
None of the outstanding shares of capital stock of the Company or any Subsidiary were issued in
violation of any preemptive rights, rights of first refusal or other similar rights to subscribe
for or purchase securities. There are no authorized or outstanding options, warrants, preemptive
rights, rights of first refusal or other rights to purchase, or equity or debt securities
convertible into or exchangeable or exercisable for, any capital stock of the Company or any
Subsidiary other than those described in the Base Prospectus and each Prospectus Supplement. The
description of the Company’s stock option, stock bonus and other stock plans or arrangements, and
the options, warrants or other rights granted thereunder, set forth in the Base Prospectus and the
Prospectus Supplement accurately and fairly presents the information required by the Act to be
shown with respect to such plans, arrangements, options and rights. Except as set forth in the
Base Prospectus or in any Prospectus Supplement, the Company does not have any subsidiaries or own
directly or indirectly any of the capital stock or other equity or long-term debt securities or
have any equity interest in any other person.

     (n) Stock Exchange Listing. The Common Stock is registered under the Exchange Act and is
listed on the NASDAQ Capital Market (“NASDAQ”), and the Company has taken no action
designed to, or likely to have the effect of terminating the registration of the Common Stock under
the Exchange Act or suspending from trading the Common Stock from NASDAQ, nor has the Company
received any information suggesting that the Commission or FINRA is contemplating terminating or
suspending such registration or quotation.

     (o) No Transfer Taxes or Other Fees. There are no transfer taxes or other similar fees or
charges under United States law or the laws of any state or any political subdivision thereof,
required to be paid in connection with the execution and delivery of this Agreement or the issuance
and sale by the Company of the Shares.

     (p) No Price Stabilization or Manipulation. The Company has not taken and will not take,
directly or indirectly, any action designed to or that could reasonably be expected to cause or
result in

5

 

stabilization or manipulation of the price of the Common Stock to facilitate the sale or
resale of the Shares.

     (q) Blue Sky; FINRA Matters. The Shares have been or will be qualified for sale under the
securities laws of such jurisdictions (United States and foreign) as the Placement Agent and the
Investors determine, or are or will be exempt from the qualification and broker-dealer requirements
of such jurisdictions.

Any certificate signed by an officer of the Company and delivered to the Placement Agent in
connection herewith or in connection with the Offering shall be deemed to be a representation and
warranty by the Company to the Placement Agent as to the matters set forth therein.

Section 3. Delivery and Payment.

     No
later than the day following execution of each Investor’s
respective Subscription Agreement, each Investor will remit by wire transfer to an escrow account designated by the Company
an amount equal to the aggregate purchase price for the Shares purchased by such Investor as set
forth on the signature page to the Subscription Agreement entered into between the Company and each
of the Investors. At 10:00 a.m., California time or at such other time on the Closing Date as may
be agreed upon by the Company and the Placement Agent (the “Closing Date”), the Company
shall deliver to each Investor the Shares purchased by such Investor via the Depository Trust
Company’s (“DTC”) Deposit or Withdrawal at Custodian system via the DTC instructions set
forth on the signature page of such Investor’s Subscription Agreement, such Shares to be registered
in such name or names as designated by the Investor on the signature page to the Subscription
Agreement. The closing of the takedown (the “Closing”) shall take place at the Company’s
principal executive offices or at the offices of the Company’s legal counsel. All actions taken at
the Closing shall be deemed to have occurred simultaneously.

Section 4. Covenants of the Company.

     The Company further covenants and agrees with the Placement Agent as follows:

     (a) Registration Statement Matters. During the period beginning on the date hereof and ending
at the time of the Closing (such period being referred to herein as the “Prospectus Delivery
Period”), the Company agrees to advise the Placement Agent promptly after it receives notice
thereof, of the time when any amendment to the Registration Statement has been filed or becomes
effective or any supplement to the Prospectus Supplement or any amended Prospectus Supplement has
been filed and to furnish the Placement Agent with copies thereof; to file promptly all reports and
any definitive proxy or information statements required to be filed by the Company with the
Commission pursuant to Section 13(a), 14 or 15(d) of the Exchange Act subsequent to the date of the
Prospectus Supplement; to advise the Placement Agent, promptly after it receives notices thereof
(i) of any request by the Commission to amend the Registration Statement or to amend or supplement
the Prospectus Supplement or for additional information and (ii) of the issuance by the Commission,
of any stop order suspending the effectiveness of the Registration Statement or any post-effective
amendment thereto or any order directed at any Incorporated Document or any amendment or supplement
thereto or any order preventing or suspending the use of the Base Prospectus or the Prospectus
Supplement or any amendment or supplement thereto or any post-effective amendment to the
Registration Statement, of the suspension of the qualification of the Shares for offering or sale
in any jurisdiction, of the institution or threatened institution of any proceeding for any such
purpose, or of any request by the Commission for the amending or supplementing of the Registration
Statement or Prospectus Supplement or for additional information; and, in the event of the issuance
of any stop order or of any order preventing or suspending the use of the Base Prospectus or

6

 

Prospectus Supplement or suspending any such qualification, promptly to use its reasonable
best efforts to obtain the withdrawal of such order.

     (b) Blue Sky Compliance. The Company will cooperate with the Placement Agent and the
Investors in endeavoring to qualify the Shares for sale or satisfy any applicable exemption(s) for
sale of the Shares under the securities laws of such jurisdictions (United States and foreign) as
the Placement Agent and the Investors may reasonably request, and will furnish such information and
execute such applications and documents as may be reasonably required
for that purpose; provided
that the Company shall not be required to qualify as a foreign corporation or to file a general consent
to service of process in any jurisdiction where it is not now so qualified or required to file such
a consent, and provided further that the Company shall not be required to produce any new
disclosure document other than the Prospectus Supplement. The Company will, from time to time,
prepare and file such statements, reports and other documents as are or may be required to continue
such qualifications in effect for so long a period as the Placement Agent may reasonably request
for distribution of the Shares.

     (c) Amendments and Supplements to the Prospectus Supplement and Other Securities Act Matters.
The Company will comply with the Act and the Exchange Act, and the rules and regulations of the
Commission thereunder, so as to permit the completion of the distribution of the Shares as
contemplated in this Agreement, the Base Prospectus and any Prospectus Supplement. If during the
Prospectus Delivery Period, any event shall occur as a result of which, in the judgment of the
Company or in the reasonable opinion of the Placement Agent or counsel for the Placement Agent, it
becomes necessary to amend or supplement the Base Prospectus or any Prospectus Supplement in order
to make the statements therein, in the light of the circumstances existing at the time the
Prospectus Supplement is delivered to a purchaser, not misleading, or, if it is necessary at any
time to amend or supplement the Base Prospectus or any Prospectus Supplement to comply with any
law, the Company promptly will prepare and file with the Commission, and furnish at its own expense
to the Placement Agent and to dealers, an appropriate amendment to the Registration Statement or
supplement to the Base Prospectus or any Prospectus Supplement so that the Prospectus Supplement as
so amended or supplemented will not, in the light of the circumstances existing at the time it is
so delivered, be misleading, or so that the Base Prospectus or any Prospectus Supplement will
comply with such law. Before amending the Registration Statement or supplementing the Base
Prospectus in connection with the Offering, the Company will furnish the Placement Agent with a
copy of such proposed amendment or supplement, allow the Placement Agent a reasonable amount of
time to review such proposed amendment or supplement and will not file any amendment or supplement
to which the Placement Agent reasonably objects in writing, including via electronic mail.

     (d) Copies of any Amendments and Supplements to the Prospectus Supplement. The Company agrees
to furnish the Placement Agent, without charge, during the Prospectus Delivery Period, as many
copies of the Base Prospectus and Prospectus Supplement and any amendments and supplements thereto
(including any Incorporated Documents) as the Placement Agent may reasonably request.

     (e) Use of Proceeds. The Company shall apply the net proceeds from the sale of the Shares
sold by it in the manner described under the caption “Use of Proceeds” in the Registration
Statement or the applicable Prospectus Supplement.

     (f) Transfer Agent. The Company shall engage and maintain, at its expense, a registrar and
transfer agent for the Common Stock.

     (g) Earnings Statement. As soon as practicable and in accordance with applicable requirements
under the Act, but in any event not later than 18 months after the Closing Date of the Offering,
the Company will make generally available to its security holders and to the Placement Agent

7

 

an earnings statement, covering a period of at least 12 consecutive months beginning after the
Closing Date, that satisfies the provisions of Section 11(a) and Rule 158 under the Act.

     (h) Periodic Reporting Obligations. During the Prospectus Delivery Period, the Company shall
duly file, on a timely basis, with the Commission all reports and documents required to be filed
under the Exchange Act within the time periods and in the manner required by the Exchange Act.

     (i) Lock-Up
Period.  Until and through the close of trading on
November 30, 2009 (the “Lock-Up
Period”), the Company will not directly or indirectly, (1) offer to sell, hypothecate, pledge,
announce the intention to sell, sell, contract to sell, sell any option or contract to purchase (to
the extent such option or contract to purchase is exercisable within one year from the Closing
Date), purchase any option or contract to sell, grant any option, right or warrant to purchase or
otherwise transfer or dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of
the Exchange Act, with respect to, any shares of Common Stock, or any securities convertible into
or exercisable or exchangeable for shares of Common Stock; (2) file or cause to become effective a
registration statement under the Securities Act relating to the offer and sale of any shares of
Common Stock or securities convertible into or exercisable or exchangeable for shares of Common
Stock or (3) enter into any swap or other agreement that transfers, in whole or in part, any of the
economic consequences of ownership of the Common Stock, whether any such transaction described in
clauses (1), (2) or (3) above is to be settled by delivery of shares of Common Stock or such other
securities, in cash or otherwise, without the prior written consent of the Placement Agent (which
consent may be withheld in its sole discretion), other than (i) the Shares to be sold hereunder,
(ii) the issuance of employee stock options or shares of restricted stock pursuant to equity
compensation plans adopted prior to the date of this Agreement, (iii) issuances of shares of Common
Stock upon the exercise of options or warrants or to satisfy other pre-existing issuance
obligations disclosed in the Company’s periodic filings with the Commission prior to the date of this Agreement or
upon the conversion or exchange of convertible or exchangeable securities outstanding as of the
date of this Agreement; and (iv) the issuance by the Company of any shares of Common Stock, upon
five (5) business days notice to the Placement Agent, as consideration for mergers, acquisitions,
other business combinations, or strategic alliances, occurring after the date of this Agreement
(collectively, the “Lock-Up Restrictions”).  Notwithstanding the foregoing, for the purpose of
allowing the Placement Agent to comply with NASD Rule 2711(f)(4), or the applicable successor FINRA
Rule when published, if (1) during the last 17 days of the Lock-Up Period, the Company releases
earnings results or publicly announces other material news or a material event relating to the
Company occurs or (2) prior to the expiration of the Lock-Up Period, the Company announces that it
will release earnings results during the 16-day period beginning on the last day of the Lock-Up
Period, then in each case the Lock-Up Period will be extended until the expiration of the 18-day
period beginning on the date of release of the earnings results or the public announcement
regarding the material news or the occurrence of the material event, as applicable, unless the
Placement Agent waives, in writing, such extension.  The Placement Agent agrees to waive such
extension if the provisions of NASD Rule 2711(f)(4) (or any applicable successor rule) are not
applicable to the Offering. The Company agrees not to accelerate the vesting of any option or
warrant or other contractual right or the lapse of any repurchase right prior to the expiration of
the Lock-Up Period.

     (j) Additional Documents. The Company will enter into any subscription, purchase or other
customary agreements as the Placement Agent or the Investors deem reasonably necessary or
appropriate to consummate the Offering, all of which will be in form and substance reasonably
acceptable to the Placement Agent, the Investors and the Company. The Company agrees that the
Placement Agent may rely upon, and is a third party beneficiary of, the representation and
warranties, and applicable covenants, set forth in any such purchase, subscription or other
agreement with Investors in the Offering.

8

 

Section 5. Conditions of the Obligations of the Placement Agent.

     The obligations of the Placement Agent hereunder shall be subject to the accuracy of the
representations and warranties on the part of the Company set forth in Section 2 as of the date
hereof and as of the Closing Date of the Offering as though then made, to the timely performance by
the Company of its covenants and other obligations hereunder on and as of such dates, and to each
of the following additional conditions:

     (a) Compliance with Registration Requirements; No Stop Order; No Objection from FINRA. Each
Prospectus Supplement shall have been duly filed with the Commission in accordance with Rule
424(b); no stop order suspending the effectiveness of the Registration Statement or any part
thereof shall have been issued and no proceeding for that purpose shall have been initiated or
threatened by the Commission; no order preventing or suspending the use of any Prospectus
Supplement shall have been issued and no proceeding for that purpose shall have been initiated or
threatened by the Commission; no order having the effect of ceasing or suspending the distribution
of the Shares or any other securities of the Company shall have been issued by any securities
commission, securities regulatory authority or stock exchange and no proceedings for that purpose
shall have been instituted or shall be pending or, to the knowledge of the Company, contemplated by
any securities commission, securities regulatory authority or stock exchange; all requests for
additional information on the part of the Commission shall have been complied with; and FINRA shall
have raised no objection to the fairness and reasonableness of the placement agency terms and
arrangements.

     (b) Corporate Proceedings. All corporate proceedings and other legal matters in connection
with this Agreement, the Registration Statement and each Prospectus Supplement, and the
registration, authorization, issue, sale and delivery of the Shares, shall have been reasonably
satisfactory to the Placement Agent’s counsel, and such counsel shall have been furnished with such
papers and information as they may reasonably have requested to enable them to pass upon the
matters referred to in this Section 5.

     (c) No Material Adverse Change. Subsequent to the execution and delivery of this Agreement
and prior to the Closing Date, there shall not have occurred any Material Adverse Change or
Material Adverse Effect, which, in the reasonable judgment of the Placement Agent, makes it
impracticable or inadvisable to proceed with the Offering on the terms and in the manner
contemplated by the applicable Prospectus Supplement.

     (d) Opinion of Counsel for the Company. The Placement Agent shall have received on the
Closing Date of the Offering, and the Company shall cause to be delivered to the Placement Agent an
opinion of legal counsel to the Company in customary form, dated the Closing Date, addressed to the
Placement Agent.

     (e) Accountants’ Comfort Letter. The Placement Agent shall have received on the Closing Date
and the Company shall cause to be delivered to the Placement Agent a letter from Amper, Politziner
& Mattia LLP and McGladrey & Pullen, LLP (or the Company’s then current independent auditors),
addressed to the Placement Agent, dated as of the Closing Date, in customary form. The letter
shall not disclose any change in the condition (financial or otherwise), earnings, operations,
business or prospects of the Company from that set forth in the Registration Statement or the
applicable Prospectus Supplement, which, in the reasonable judgment of the Placement Agent, is
material and adverse and that makes it, in the reasonable judgment of the Placement Agent,
impracticable or inadvisable to proceed with the public offering of the Shares as contemplated by
such Prospectus Supplement.

9

 

     (f) Officers’ Certificate. The Placement Agent shall have received on the Closing Date a
certificate of the Company, in a form satisfactory to the Placement Agent, dated as of the Closing
Date signed by the Chief Executive Officer and Chief Financial Officer of the Company, to the
effect that:

     (i) The representations and warranties of the Company in this Agreement are true and
correct, as if made on and as of the Closing Date, and the Company has complied with all the
agreements and satisfied in all material respects all the conditions on its part to be
performed or satisfied at or prior to the Closing Date;

     (ii) No stop order suspending the effectiveness of the Registration Statement or the
use of the Base Prospectus or the Prospectus Supplement has been issued and no proceedings
for that purpose have been instituted or are pending or, to the Company’s knowledge,
threatened under the Act; no order having the effect of ceasing or suspending the
distribution of the Shares or any other securities of the Company has been issued by any
securities commission, securities regulatory authority or stock exchange in the United
States and no proceedings for that purpose have been instituted or are pending or, to the
knowledge of the Company, contemplated by any securities commission, securities regulatory
authority or stock exchange in the United States;

     (iii) When the Registration Statement became effective and at all times subsequent
thereto up to the delivery of such certificate, the Registration Statement, the Base
Prospectus and each Prospectus Supplement and any amendments or supplements thereto, and
Incorporated Documents, when such documents became effective or were filed with the
Commission, contained all material information required to be included therein by the Act
and the Exchange Act and the applicable rules and regulations of the Commission thereunder,
as the case may be, and in all material respects conformed to the requirements of the Act
and the Exchange Act and the applicable rules and regulations of the Commission thereunder,
as the case may be, and the Registration Statement and the Base Prospectus and the
Prospectus Supplement, and any amendments or supplements thereto, did not and do not include
any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading (provided, however, that the
preceding representations and warranties contained in this paragraph (iii) shall not apply
to any statements or omissions made in reliance upon and in conformity with information
furnished in writing to the Company by the Placement Agent expressly
for use therein), and,
since the effective date of the Registration Statement, there has occurred no event required
by the Act and the rules and regulations of the Commission thereunder to be set forth in an
amended or supplemented Prospectus Supplement which has not been so set forth;

     (iv) Subsequent to the respective dates as of which information is given in the
Registration Statement, the Base Prospectus and each Prospectus Supplement, there has not
been: (a) any Material Adverse Change; (b) any transaction that is material to the Company
and the Subsidiaries taken as a whole, except transactions entered into in the ordinary
course of business; (c) any obligation, direct or contingent, that is material to the
Company and the Subsidiaries taken as a whole, incurred by the Company or any Subsidiary,
except obligations incurred in the ordinary course of business; (d) any material change in
the capital stock (except changes thereto resulting from the exercise of outstanding stock
options or warrants) or outstanding indebtedness of the Company or any Subsidiary; (e) any
dividend or distribution of any kind declared, paid or made on the capital stock of the
Company; or (f) any loss or damage (whether or not insured) to the property of the Company
or any Subsidiary which has been sustained or will have been sustained which has a Material
Adverse Effect; and

10

 

     (v) The Company has been subject to continuous disclosure requirements of the Exchange
Act for a period of at least 12 calendar months immediately preceding the filing of the
Registration Statement, has timely filed all reports required of it to be filed under the
Exchange Act during the past 12 calendar months and the portion of the month in which the
Registration Statement was filed, and as of the date of the Base Prospectus and each
Prospectus Supplement is currently in compliance with such obligations.

     (g) Listing. The Common Stock (including the Shares) is registered under the Exchange Act and
is or will as of the Closing Date be listed on NASDAQ, and the Company has taken no action designed
to, or likely to have the effect of terminating the registration of the Shares under the Exchange
Act or suspending from trading the Shares on NASDAQ, nor has the Company received any written
information suggesting that the Commission or the FINRA is contemplated terminating such
registration or quotation.

     (h) Compliance with Prospectus Delivery Requirements. The Company shall have complied with
the provisions of Sections 4(c) and (d) hereof with respect to the furnishing of Prospectus Supplements.

     (i) Lock-Up Agreements. Each of the Company’s officers and directors shall execute and
deliver a Lock-Up Agreement, in a form satisfactory to the Placement Agent, restricting the
transfer or other disposition of any shares of Common Stock of the Company or securities
convertible into, exchangeable, or exercisable for Common Stock of the Company held of record or
beneficially by such officers and directors, until November 30, 2009.

     (j) Additional Documents. On or before the Closing Date, the Placement Agent and counsel for
the Placement Agent shall have received such information and documents as they may reasonably
require for the purposes of enabling them to pass upon the issuance and sale of the Shares as
contemplated herein, or in order to evidence the accuracy of any of the representations and
warranties, or the satisfaction of any of the conditions or agreements, herein contained.

     If any condition specified in this Section 5 is not satisfied in all material respects when
and as required to be satisfied, this Agreement may be terminated by the Placement Agent by notice
to the Company signed by the Placement Agent at any time on or prior to the Closing Date, which
termination shall be without liability on the part of any party to any other party, except that
Section 6 (Payment of Expenses), Section 7 (Reimbursement of Placement Agent’s Expenses), Section 8
(Indemnification and Contribution) and Section 10 (Representations and Indemnities to Survive
Delivery) shall at all times be effective and shall survive such termination.

Section 6. Payment of Expenses.

     The Company agrees to pay all costs, fees and expenses incurred in connection with the
performance of its obligations hereunder and in connection with the transactions contemplated
hereby, including without limitation: (i) all expenses incident to the issuance, delivery and
qualification of the Shares (including all printing and engraving costs); (ii) all fees and
expenses of the registrar and transfer agent of the Common Stock; (iii) all necessary issue,
transfer and other stamp taxes in connection with the issuance and sale of the Shares; (iv) all
fees and expenses of the Company’s counsel, independent public or certified public accountants and
other advisors; (v) all costs and expenses incurred in connection with the preparation, printing,
filing, shipping and distribution of the Registration Statement (including financial statements,
exhibits, schedules, consents and certificates of experts), the Base Prospectus, any Preliminary
Prospectus and each Prospectus Supplement, and all amendments and supplements thereto, and this
Agreement; (vi) all filing fees, reasonable attorneys’ fees and expenses incurred by the Company or
the Placement Agent in connection with qualifying or registering (or verifying or obtaining
exemptions

11

 

from the qualification or registration of) all or any part of the Shares for offer and sale
under the state securities or blue sky laws, and, if requested by the Placement Agent, preparing
and printing a “Blue Sky Survey,” an “International Blue Sky Survey” or other memorandum, and any
supplements thereto, advising the Placement Agent of such qualifications, registrations and
exemptions; (vii) the filing fees incident to, and the reasonable fees and expenses of counsel for
the Placement Agent in connection with, the review and approval by FINRA of the Placement Agent’s
participation in the offering and distribution of the Shares; (viii) the fees and expenses
associated with including the Shares for listing on NASDAQ; (ix) all costs and expenses incident to
the travel and accommodation of the Company’s employees on the “roadshow,” if any; and (x) all
other fees, costs and expenses identified in Part II of the Registration Statement as the
responsibility of the Company.

Section 7. Reimbursement of Placement Agent’s Expenses.

     Whether or not this Agreement is terminated, and whether or not the sale to the Investors of
the Shares on any Closing Date is consummated, the Company agrees to reimburse the Placement Agent,
upon demand, for all reasonable and documented out-of-pocket expenses that shall have been
reasonably incurred by the Placement Agent in connection with the Offering, including, but not
limited to, printing expenses, travel and accommodation expenses, postage, facsimile and telephone
charges (collectively, the “Expenses”), and including reasonable fees and disbursements of counsel
to the Placement Agent in excess of $20,000 (with such excess not to exceed $30,000), provided,
however, that the Company shall in no event be obligated to reimburse the Placement Agent for
expenses in excess of $60,000 in the aggregate that are incurred without the prior written approval
of the Company.  Notwithstanding any of the foregoing, in the event that the Offering is
consummated, the Company shall pay to the Placement Agent at the Closing Date (and any Option
Closing Date, if applicable) a non-accountable expense allowance equal to one percent (1.0%) of the
gross proceeds of the Offering (which gross proceeds shall equal the public offering price, as set
forth on the cover page of the final Prospectus Supplement (the “Public Offering Price”) multiplied
by the total number of shares of Common Stock sold in the Offering on such Closing Date or Option
Closing Date, as applicable).

Section 8. Indemnification and Contribution.

     (a) Indemnification of the Placement Agent. The Company agrees to indemnify and hold harmless
the Placement Agent, its officers and employees, and each person, if any, who controls the
Placement Agent within the meaning of the Act and the Exchange Act against any loss, claim, damage,
liability or expense, as incurred, to which such Placement Agent or such controlling person may
become subject, under the Act, the Exchange Act, or other federal or state statutory law or
regulation, or at common law or otherwise (including in settlement of any litigation, if such
settlement is effected with the written consent of the Company, which consent shall not be
unreasonably withheld), insofar as such loss, claim, damage, liability or expense (or actions in
respect thereof as contemplated below) arises out of or is based: (i) upon any untrue statement or
alleged untrue statement of a material fact contained in the Registration Statement, or any
amendment thereto, or the omission or alleged omission therefrom of a material fact required to be
stated therein or necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; or (ii) upon any untrue statement or alleged untrue statement
of a material fact contained in the Base Prospectus, any Preliminary Prospectus or the Prospectus
Supplement (or any amendment or supplement thereto), or the omission or alleged omission therefrom
of a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; or (iii) in whole or in part upon any
inaccuracy in the representations and warranties of the Company contained herein; or (iv) in whole
or in part upon any failure of the Company to perform its obligations hereunder or under law; or
(v) any act or failure to act or any alleged act or failure to act by the Placement Agent in
connection with, or relating in any manner to, the Shares or the Offering contemplated hereby, and
which is included as part of or

12

 

referred to in any loss, claim, damage, liability or action arising out of or based upon any
matter covered by clause (i), (ii), (iii) or (iv) above, provided that the Company shall not be
liable under this clause (v) to the extent that a court of competent jurisdiction shall have
determined by a final judgment that such loss, claim, damage, liability or action resulted directly
from any such acts or failures to act undertaken or omitted to be taken by such Placement Agent
through its gross negligence, bad faith or willful misconduct; and to reimburse such Placement
Agent and each such controlling person for any and all expenses (including the reasonable fees and
disbursements of one counsel chosen by the Placement Agent) as such expenses are reasonably
incurred by such Placement Agent or such controlling person in connection with investigating,
defending, settling, compromising or paying any such loss, claim, damage, liability, expense or
action; provided, however, that the foregoing indemnity agreement shall not apply to any loss,
claim, damage, liability or expense to the extent, but only to the extent, arising out of or based
upon any untrue statement or alleged untrue statement or omission or alleged omission made in
reliance upon and in conformity with written information furnished to the Company by the Placement
Agent expressly for use in the Registration Statement, the Base Prospectus, any Preliminary
Prospectus or the Prospectus Supplement (or any amendment or supplement thereto).

     (b) Indemnification of the Company, its Directors and Officers. The Placement Agent agrees to
indemnify and hold harmless the Company, each of its directors, each of its officers who signed the
Registration Statement and each person, if any, who controls the Company within the meaning of the
Act or the Exchange Act, against any loss, claim, damage, liability or expense, as incurred, to
which the Company, or any such director, officer or controlling person may become subject, under
the Act, the Exchange Act, or other federal, state statutory law or regulation, or at common law or
otherwise (including in settlement of any litigation, if such settlement is effected with the
written consent of such Placement Agent; which consent shall not be unreasonably withheld), insofar
as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated
below) arises out of or is based upon any untrue or alleged untrue statement of a material fact
contained in any Preliminary Prospectus or Prospectus Supplement (or any amendment or supplement
thereto), or arises out of or is based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in such Preliminary Prospectus or
Prospectus Supplement (or any amendment or supplement thereto), in reliance upon and in conformity
with written information furnished to the Company by such Placement Agent expressly for use therein
and to reimburse the Company, or any such director, officer or controlling person for any legal and
other expense reasonably incurred by the Company, or any such director, officer or controlling
person in connection with investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action. The indemnity agreement set forth in this Section
8(b) shall be in addition to any liabilities that the Placement Agent may otherwise have.

     (c) Information Provided by the Placement Agent. The Company and each person, if any, who
controls the Company within the meaning of the Act or the Exchange Act, hereby acknowledges that
the only information that the Placement Agent will furnish to the Company expressly for use in any
Preliminary Prospectus or Prospectus Supplement (or any amendment or supplement thereto) are the
statements regarding the Placement Agent set forth under the caption “Plan of Distribution” in the
Prospectus Supplement.

     (d) Notifications and Other Indemnification Procedures. Promptly after receipt by an
indemnified party under this Section 8 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be made against an indemnifying party
under this Section 8, notify the indemnifying party in writing of the commencement thereof, but the
omission so to notify the indemnifying party will not relieve it from any liability, which it may
have to any indemnified party for contribution to the extent it is not prejudiced as a proximate
result of such failure. In case any such action

13

 

is brought against any indemnified party and such indemnified party seeks or intends to seek
indemnity from an indemnifying party, the indemnifying party will be entitled to participate in,
and, to the extent that it shall elect, jointly with all other indemnifying parties similarly
notified, by written notice delivered to the indemnified party promptly after receiving the
aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably
satisfactory to such indemnified party; provided, however, if the defendants in any such action
include both the indemnified party and the indemnifying party and the indemnified party shall have
reasonably concluded that a conflict may arise between the positions of the indemnifying party and
the indemnified party in conducting the defense of any such action or that there may be legal
defenses available to it and/or other indemnified parties which are different from or additional to
those available to the indemnifying party, the indemnified party or parties shall have the right to
select separate counsel to assume such legal defenses and to otherwise participate in the defense
of such action on behalf of such indemnified party or parties. Upon receipt of notice from the
indemnifying party to such indemnified party of such indemnifying party’s election so to assume the
defense of such action and approval by the indemnified party of counsel, the indemnifying party
will not be liable to such indemnified party under this Section 8 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense thereof unless: (i)
the indemnified party shall have employed separate counsel in accordance with the proviso to the
next preceding sentence (it being understood, however, that the indemnifying party shall not be
liable for the expenses of more than one separate counsel (together with local counsel), approved
by the indemnifying party), representing the indemnified parties who are parties to such action);
(ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party
to represent the indemnified party within a reasonable time after notice of commencement of the
action; or (iii) the indemnifying party has authorized the employment of counsel for the
indemnified party at the expense of the indemnifying party, in each of which cases the fees and
expenses of counsel shall be at the expense of the indemnifying party.

     (e) Settlements. The indemnifying party under this Section 8 shall not be liable for any
settlement of any proceeding effected without its written consent, which consent shall not be
unreasonably withheld, but if settled with such consent or if there be a final non-appealable
judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party
against any loss, claim, damage, liability or expense by reason of such settlement or judgment. No
indemnifying party shall, without the prior written consent of the indemnified party, effect any
settlement, compromise or consent to the entry of judgment in any pending or threatened action,
suit or proceeding in respect of which any indemnified party is or could have been a party and
indemnity was or could have been sought hereunder by such indemnified party, unless such
settlement, compromise or consent includes: (i) an unconditional release of such indemnified party
from all liability on claims that are the subject matter of such action, suit or proceeding; and
(ii) does not include a statement as to or an admission of fault, culpability or a failure to act
by or on behalf of any indemnified party.

     (f) Contribution. If the indemnification provided for in this Section 8 is unavailable to or
insufficient to hold harmless an indemnified party under Section 8(a) or (b) above in respect of
any losses, claims, damages or liabilities (or actions or proceedings in respect thereof) then each
indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified
party in such proportion as is appropriate to reflect the relative benefits received by the Company
on the one hand and the Placement Agent on the other from the offering of the Shares. If, however,
the allocation provided by the immediately preceding sentence is not permitted by applicable law
then each indemnifying party shall contribute to such amount paid or payable by such indemnified
party in such proportion as is appropriate to reflect not only such relative benefits but also the
relative fault of the Company on the one hand and the Placement Agent on the other in connection
with the statements or omissions which resulted in such losses, claims, damages or liabilities (or
actions or proceedings in respect thereof), as well as any other relevant equitable considerations.
The relative fault shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged

14

 

omission to state a material fact relates to information supplied by the Company, its
directors, its officers or its controlling persons on the one hand or the Placement Agent on the
other and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission.

     The Company and Placement Agent agree that it would not be just and equitable if contributions
pursuant to this Section 8(f) were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred to above in this
Section 8(f). The amount paid or payable by an indemnified party as a result of the losses,
claims, damages or liabilities (or actions or proceedings in respect thereof) referred to above in
this Section 8(f) shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 8(f): (i) the Placement Agent shall not be required
to contribute any amount in excess of the amount of the placement agent fees actually received by
such Placement Agent pursuant to this Agreement; and (ii) no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation.

     (g) Timing of Any Payments of Indemnification. Any losses, claims, damages, liabilities or
expenses for which an indemnified party is entitled to indemnification or contribution under this
Section 8 shall be paid by the indemnifying party to the indemnified party as such losses, claims,
damages, liabilities or expenses are incurred, but in all cases, no later than forty-five (45) days
of invoice to the indemnifying party.

     (h) Acknowledgements of Parties. The parties to this Agreement hereby acknowledge that they
are sophisticated business persons who were represented by counsel during the negotiations
regarding the provisions hereof including, without limitation, the provisions of this Section 8,
and are fully informed regarding said provisions. They further acknowledge that the provisions of
this Section 8 fairly allocate the risks in light of the ability of the parties to investigate the
Company and its business in order to assure that adequate disclosure is made in the Registration
Statement, any Preliminary Prospectus and the Prospectus Supplement as required by the Act and the
Exchange Act.

Section 9. Covenants of the Placement Agent

     (a) The Placement Agent has not distributed and will not distribute any offering material in
connection with the Offering and sale of the Shares other than the Base Prospectus, any Preliminary
Prospectus and the Prospectus Supplement or the Registration Statement and copies of the documents
incorporated by reference therein and the Subscription Agreement in the form approved by the
Company.

     (b) The Placement Agent will not use or refer to any materials on the Company’s website in
connection with the offering and sale of the Shares.

Section 10. Representations and Indemnities to Survive Delivery.

     The respective indemnities, agreements, representations, warranties and other statements of
the Company or any person controlling the Company, including its officers and directors, and of the
Placement Agent set forth in or made pursuant to this Agreement, including, but not limited to the
indemnity and contribution agreements contained in Section 8 above, will remain in full force and effect,
regardless of (i) any investigation made by or on behalf of any Placement Agent or any person
controlling such Placement Agent, the Company, its directors or officers or any persons controlling
the Company; (ii) delivery and acceptance of any Shares and payment therefor hereunder; and (iii)
any termination of this Agreement. A successor to any Placement Agent, or to the Company, its
directors or officers or any

15

 

person controlling the Company, shall be entitled to the benefits of the indemnity,
contribution and reimbursement agreements contained in Section 8 above.

Section 11. Notices.

     All
communications hereunder shall be in writing to the parties hereto and shall be mailed, hand delivered or
sent by facsimile with confirmation of receipt by the intended
recipient as follows:

If to the Placement Agent:

Roth Capital Partners, LLC

24 Corporate Plaza

Newport Beach, California 92660

Facsimile: (949) 720-7215

Attention: Managing Director

With a copy to:

K&L Gates LLP

10100 Santa Monica Boulevard,

Seventh Floor

Los Angeles, California 90067

Facsimile: (310) 552-5001

Attention: Leib Orlanski, Esq.

If to the Company:

Majesco Entertainment Company

160 Raritan Center Parkway

Edison, NJ 08837

Facsimile: (732) 225-5451

Attention: Chief Executive Officer

With a copy to:

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666 Third Avenue

New York, NY 10017

Facsimile: (212) 983-3115

Attention: Todd Mason, Esq.

     Any party hereto may change the address for receipt of communications by giving written notice
to the others.

Section 12. Successors.

     This Agreement will inure to the benefit of and be binding upon the parties hereto, and to the
benefit of the employees, officers and directors and controlling persons referred to in Section 8,
and to their respective successors, and personal representatives, and no other person will have any
right or obligation hereunder. Neither the Company nor the Placement Agent shall be entitled to
assign their rights, or delegate their responsibilities, hereunder without the prior written
consent of the other party hereto.

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Section 13. Partial Unenforceability.

     The invalidity or unenforceability of any section, paragraph or provision of this Agreement
shall not affect the validity or enforceability of any other Section, paragraph or provision
hereof. If any Section, paragraph or provision of this Agreement is for any reason determined to
be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such
minor changes) as are necessary to make it valid and enforceable.

Section 14. Governing Law Provisions.

     (a) Governing Law. This agreement shall be governed by and construed in accordance with the
internal laws of the state of New York applicable to agreements made and to be performed in such
state.

     (b) Consent to Jurisdiction. Any legal suit, action or proceeding arising out of or based
upon this Agreement or the transactions contemplated hereby (“Related Proceedings”) may be
instituted in the federal courts of the United States of America located in New York County, New
York, or the courts of the State of New York in each case located in New York County (collectively,
the “Specified Courts”), and each party irrevocably submits to the exclusive jurisdiction (except
for proceedings instituted in regard to the enforcement of a judgment of any such court (a “Related
Judgment”), as to which such jurisdiction is non-exclusive) of such courts in any such suit, action
or proceeding. Service of any process, summons, notice or document by mail to such party’s address
set forth above shall be effective service of process for any suit, action or other proceeding
brought in any such court. The parties irrevocably and unconditionally waive any objection to the
laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and
unconditionally waive and agree not to plead or claim in any such court that any such suit, action
or other proceeding brought in any such court has been brought in an inconvenient forum.

Section 15. General Provisions.

     This Agreement constitutes the entire agreement of the parties to this Agreement and
supersedes all prior written or oral and all contemporaneous oral agreements, understandings and
negotiations with respect to the subject matter hereof. This Agreement may be executed in two or
more counterparts (including via facsimile or emailed document in PDF
format), each one of which shall be an original, with
the same effect as if the signatures thereto and hereto were upon the same instrument. This
Agreement may not be amended or modified unless in writing by all of the parties hereto, and no
condition herein (express or implied) may be waived unless waived in writing by each party whom the
condition is meant to benefit. Section headings herein are for the convenience of the parties only
and shall not affect the construction or interpretation of this Agreement.

[The
remainder of this page has been intentionally left blank. Signature
page follows.]

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     If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Company the enclosed copies hereof, whereupon this instrument, along with all
counterparts hereof, shall become a binding agreement in accordance with its terms.

	 	 	 	 	 
	 	Very truly yours,

MAJESCO ENTERTAINMENT COMPANY

a Delaware corporation

 	 
	 	By:  	/s/ Jesse Sutton 	 
	 	 	Name:  	Jesse Sutton 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

     The foregoing Placement Agency Agreement is hereby confirmed and accepted by the Placement
Agent as of the date first above written.

	 	 	 	 	 
	ROTH CAPITAL PARTNERS, LLC	 	 
	 
	 	 	 	 
	By:
	 	/s/
Aaron M. Gurewitz	 	 
	 

	 	Name: Aaron M. Gurewitz
	 	 
	 

	 	Title: Head of Equity Capital Markets	 	 

18

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