Document:

leds-ex102_408.htm

Exhibit 10.2

LOAN AGREEMENT

This Loan Agreement (as amended, restated, modified or otherwise supplemented from time to time, this “Agreement”) is entered into as of January 8, 2019 (the “Agreement Date”), by and between SemiLEDs Corporation, a corporation organized under the laws of the state of Delaware (the “Borrower”), and J. R. Simplot Company, a corporation organized under the laws of the state of Nevada (the “Lender”).

RECITALS

A.WHEREAS, the Borrower desires to borrow and incur debt from the Lender in the amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (USD) 

B.WHEREAS, the Borrower also desires to concurrently borrow and incur debt from Trung Doan, an individual, in the amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (USD) (“Doan Loan”) under the terms of a separate loan agreement, note, and mortgage and related documents and instruments (“Doan Loan Documents”).  

C.WHEREAS, the purpose of the loan from Lender and the Doan Loan, which in the aggregate are for Three Million Dollars ($3,000,000.00) (USD), is to allow Borrower to return certain deposit to Formosa Epitaxy Incorporation relating to certain agreement dated as of December 2015 by and between Borrower and Formosa Epitaxy Incorporation.

D.WHEREAS, the Lender hereby agrees to extend the loan facility agreed to herein to the Borrower and the Borrower hereby agrees to borrow the same from the Lender on the terms set forth herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

	
 
	
1.
	
DEFINITION.

1.1Defined Terms.

“Affiliate” means, with respect to any specified Person, any other Person that, directly or indirectly, including through one or more intermediaries, controls, is controlled by, or is under common control with such specified Person.

“Agreement” shall have the meaning set forth in the preamble of this Agreement.

“Agreement Date” shall have the meaning set forth in the preamble of this Agreement.

“Applicable Law” means any applicable laws, statutes, rules, regulations, ordinances, orders, codes, arbitration awards, judgments, decrees or other legal requirements of any Governmental Entity.

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“Borrower” shall have the meaning set forth in the preamble of this Agreement.

“Business Day” means a day that is not a Saturday, Sunday or other day on which commercial banking institutions in the US or ROC are authorized or required by Applicable Law to be closed.

“Confidential Information” shall have the meaning set forth in Section 9.15(a) of this Agreement.

“Control” (whether or not capitalized) means the power or authority, whether exercised or not, to direct the business, management and policies of a Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members, shareholders or other equity holders of such Person or power to control the composition of a majority of the board of directors or like governing body of such Person; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

“Doan Loan” has the meaning set forth in recital B to this Agreement.

“Doan Loan Documents” has the meaning set forth in recital B to this Agreement.

“Drawdown Date” means the date on which the Lender makes available and releases the Loan to the Borrower.

“Event of Default” means any of the events described in Section 8.1 of this Agreement.

“GAAP” means generally accepted accounting principles, consistently applied for all periods at issue.

“Governmental Entity” means any governmental authority or entity, including any agency, board, bureau, commission, court, municipality, department, subdivision or instrumentality thereof, or any arbitrator or arbitration panel.

“Interest Period” means three (3) Months.

“Lender” shall have the meaning set forth in the preamble of this Agreement.

“Loan” shall have the meaning set forth in Section 2.1(a) of this Agreement.

“Loan Documents” means this Agreement, the Note, the Mortgage Agreement and any ancillary documents entered into in connection therewith, each as amended, extended or modified from time to time.

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“Material Adverse Effect” means a material adverse effect on (a) the business, operations, property, or condition (financial or otherwise) of the Borrower; (b) the ability of the Borrower to perform its obligations under the Loan Documents to which it is a party; or (c) the legality, validity or enforceability of the Loan Documents or the rights or remedies of the Lender under any of the Loan Documents.

“Maturity Date” has the meaning set forth in Section 2.2 of this Agreement.

“Month” means a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month, except that:

(a)subject to paragraph (c) below, if the numerically corresponding day is not a Business Day, that period shall end on the next Business Day in that calendar month in which that period is to end if there is one, or if there is not, on the immediately preceding Business Day;

(b)if there is no numerically corresponding day in the calendar month in which that period is to end, that period shall end on the last Business Day in that calendar month; and

(c)if an Interest Period begins on the last Business Day of a calendar month, that Interest Period shall end on the last Business Day in the calendar month in which that Interest Period is to end.

The above rules will apply only to the last Month of any period.

“Mortgage” shall have the meaning set forth in Section 4.1 of this Agreement. 

“Mortgage Agreement” shall have the meaning set forth in Section 4.1 of this Agreement.

“Mortgagor” shall have the meaning set forth in Section 4.1 of this Agreement.

“Note” shall mean a promissory note or notes of Borrower substantially in the form attached as Exhibit A hereto.

“Person” means any natural person, corporation, joint stock company, limited liability company, association, partnership, firm, joint venture, organization, business, trust, estate or any other entity or organization of any kind or character.

“Potential Event of Default” means any event or circumstance that with the giving of notice or the passage of time (or both) would constitute an Event of Default.

“Real Property” shall mean all right, title and interests in and to a parcel of real property including land, together with all buildings, structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, owned by SemiLEDs Optoelectronics Co., Ltd. at 1F to 4F, No. 11, Ke Jung Rd., Chunan Science Park, Chunan, Miaoli County, Taiwan, ROC, over which a first-priority mortgage is created in favor of E.Sun Bank to secure a line of credit in amount of NT$202,000,000. 

“ROC” means the Republic of China.

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“Subsidiary” means with respect to any specified Person, any other Person that, directly or indirectly, including through one or more intermediaries, is controlled by such specified Person.

“Taxes” includes any tax, levy, duty, charge, impost, fee, deduction or withholding of any nature now or hereafter imposed, levied, collected, withheld or assessed by any taxing or other authority and includes any interest, penalty or other charge payable or claimed in respect thereof.

“Term” shall have the meaning set forth in Section 9.4 of this Agreement.

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

1.2Certain Interpretive Matters.

(a)Unless the context requires otherwise, (i) all references to Sections, Articles or Exhibits are to Sections, Articles or Exhibits of or to this Agreement, (ii) words in the singular include the plural and vice versa, (iii) the term “including” means “including without limitation,” and (iv) the terms “herein,” “hereof,” “hereunder” and words of similar import shall mean references to this Agreement as a whole and not to any individual section or portion hereof.  Unless otherwise denoted, all references to “$,” “USD,” “Dollar” or dollar amounts will be to lawful currency of the United States of America.  All references to “day” or “days” mean calendar days.

(b)No provision of this Agreement will be interpreted in favor of, or against, any party hereto by reason of the extent to which (i) such party or its counsel participated in the drafting thereof, or (ii) such provision is inconsistent with any prior draft of this Agreement or such provision.

	
 
	
2.
	
TERMS OF LOAN AND REPAYMENT.

2.1Provision of Loan.

(a)Subject to the terms and conditions of this Agreement, the Lender shall make available a loan facility to the Borrower in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) (USD) (the “Loan”) and the Borrower agrees to borrow the Loan.

(b)Subject to the Borrower's satisfaction or the Lender’s waiver of the conditions set forth in Article 6 of this Agreement, the Lender shall make available and release the entire principal amount of the Loan to the Borrower on the Drawdown Date (which shall be a Business Day) by wire transfer to the account designated by the Borrower, the details of which are set forth in a writing delivered by the Borrower to the Lender. Provided, the Drawdown Date shall not be later than January 15, 2019 and this Agreement, at the election of Lender, shall be null and void without liability on either party if the Drawdown Date does not occur by January 15, 2019.

2.2Maturity of the Loan.  The Borrower shall repay the Loan in full on the second anniversary of the Drawdown Date (the “Maturity Date”), unless the Loan is sooner accelerated pursuant to this Agreement or any other of the Loan Document.

2.3Use of Proceeds.  All proceeds of the Loan shall be exclusively used to return the deposit provided under that certain agreement dated as of December 2015 by and between 

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Borrower and Formosa Epitaxy Incorporation in connection with the sale of its Subsidiary's headquarters building located at Miao-Li, Taiwan. 

2.4The Loans and the Note.  The obligation of Borrower to repay the aggregate unpaid principal amount of and interest on the Loan shall be evidenced by the Note setting forth the principal amount of the Loan and the payments due. Any failure by a Lender to obtain or retain the Note shall not limit or otherwise affect the obligations of Borrower to pay amounts due hereunder with respect to the Loan.

2.5Repayment Mechanics.  All repayments hereunder shall be made by wire transfer of such amounts in immediately available funds denominated in U.S. Dollars (USD) to the Lender, at such place and to such account as the Lender shall designate in a written notice to the Borrower.  Payments shall be credited first to costs and expenses due and payable hereunder (including the costs incurred under Sections 8.3), then to the accrued interest then due and payable and the remainder applied to principal.  The Loan may be prepaid, without penalty or premium, in whole or in part from time to time, provided that:

(a)Notice: the Borrower shall have given the Lender not less than three (3) Business Days’ (or such shorter period as may be agreed between the Borrower and the Lender) prior written notice specifying the amount to be prepaid and the date of prepayment; and

(b)Interest: the Borrower shall concurrently pay accrued and unpaid interest on the full amount of the Loan to be prepaid on the date of such prepayment.

2.6Taxes.

(a)All payments to be made by the Borrower to the Lender under the Loan Documents shall be made free and clear of any deduction or withholding on account of any Taxes.  If the Borrower or any other Person is required by any law or regulation to make any such deduction or withholding, the Borrower shall (i) pay such deducted or withheld amount to the applicable tax authorities and, promptly upon the Lender’s request, deliver to the Lender the certificate or receipt evidencing such payment and (ii) pay such additional amount as will ensure that the Lender receives and is entitled to retain, free and clear of any such deduction or withholding, the full amount which it would have received if no such deduction or withholding had been required.  Without limiting the foregoing, if the Lender or any other Person on the Lender's behalf is required by any law or regulation to make a payment on account of any such withholding Tax or incurs any liability in respect thereof, the Borrower shall, within ten (10) Business Days after demand by the Lender (which demand shall provide a calculation in reasonable detail of such payment), indemnify the Lender against such payment or liability and any interest, penalty or expense payable or incurred in connection therewith.  The obligations of the Borrower under this Section 2.6(a) are subject to (i) the Lender executing any applicable tax withholding forms as reasonably requested by the Borrower or the United States Internal Revenue Service for United States taxation purposes, together with such supplementary documentation necessary to allow the Borrower to determine whether the withholding or deduction is required to be made, and (ii) the representations made and covenants agreed to in Sections 6 and 7 being true and correct and complied with in all respects. The Lender agrees to use its commercially reasonable efforts, at the cost and expense of the Borrower, to otherwise assist the Borrower to obtain 

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the exemption status for any such deduction or withholding. Nothing in this Section 2.6 shall require the Borrower to make any payment on or indemnify the Lender for any Taxes imposed on or measured by the Lender’s overall net income (however denominated) and franchise Taxes imposed on the Lender under applicable ROC laws.

(b)If the Lender determines that it has received a refund of, or reduction in its liability for, any Taxes as a result of amounts paid or withheld by the Borrower pursuant to this Section 2.6, the Lender shall pay over such refund or reduction to the Borrower (but only to the extent of the amounts paid or withheld by the Borrower under this Section 2.6 with respect to the Taxes giving rise to such refund or reduction), net of all out-of-pocket expenses of the Lender and without interest (other than any interest paid by the relevant governmental authority with respect to such refund or reduction), provided that the Borrower, upon the request of the Lender, agrees to repay the amount paid over to the Borrower to the Lender in the event the Lender is required to repay such refund or reduction to such Governmental Entity.  This Section 2.6 shall not be construed to require the Lender to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

	
 
	
3.
	
INTEREST.

3.1Calculation of Interest.  The rate of interest on the Loan for each Interest Period shall be at a rate per annum equal to the eight percent (8%).

3.2Interest Period.  The initial Interest Period shall commence on the Drawdown Date, with each successive Interest Period commencing on the last day of the prior Interest Period.

3.3Payment of Interest.  The Borrower shall pay accrued interest in arrears on the Loan on the last day of each Interest Period, and the amount of interest shall be computed on the basis of the actual number of days elapsed (including the first day but excluding the last day of such Interest Period) and a year of three hundred and sixty (360) days.

3.4Past Due Rate.  If the Borrower fails to pay any amount payable by it under the Loan on its due date, past due interest shall accrue on such unpaid amount at the rate of 12% per annum from the due date up to the date of actual payment of the unpaid amount (both before and after judgment). The Borrower shall pay past due interest (if unpaid) accruing on an unpaid sum at the end of each Interest Period applicable to that unpaid sum or on demand of the Lender.

	
 
	
4.
	
MORTGAGE.

4.1Mortgage.  As security for the performance in full of the obligations of the Borrower under this Agreement, the Subsidiary of the Borrower, SemiLEDs Optoelectronics Co., Ltd., (the “Mortgagor”) and the Lender shall enter into a Mortgage Agreement in the form and substance attached hereto as Exhibit B (the “Mortgage Agreement”), creating a second priority security interest in and to the Real Property in favor of the Lender (the “Mortgage”). 

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5.
	
CONDITIONS PRECEDENT.

The Lender shall only be obligated to provide the Loan when each of the following conditions has been satisfied:

(a)The Lender shall have received this Agreement and the Note duly executed and delivered by the Borrower.

(b)The Mortgagor shall have become the legal record and beneficial owner of and shall have good title to the Real Property free and clear of all liens and encumbrances except for the first-priority mortgage which is created in favor of E.Sun Bank to secure a line of credit in amount of NT$202,000,000.

(c)The Lender shall have received the Mortgage Agreement, duly executed and delivered by the Mortgagor, granting to the Lender, for its benefit, a security interest in the Real Property described therein together with such financing and assignment documents as may be provided in the Mortgage Agreement and evidence reasonably satisfactory to the Lender with respect to the Lender’s second priority security interest in the Real Property.

(d)The Lender shall have received certified copies of all action taken by the Borrower authorizing the execution, delivery and performance of the Loan Documents.

(e)The creation and perfection of the Mortgage in a timely manner as set forth in Section 4.1 of this Agreement shall have been completed, which might be evidenced by any notices and acknowledgements required to perfect or give effect to the security created under the Loan Documents, including, but not limited to, a securities passbook/statement produced by the securities agent of the Lender evidencing the creation of the Mortgage. 

(f)No Event of Default or Potential Event of Default shall have occurred and be continuing.

(g)Borrower and Trung Doan shall be prepared to concurrently close the Doan Loan pursuant to the Doan Loan Documents.

	
 
	
6.
	
REPRESENTATIONS AND WARRANTIES.

The Borrower represents and warrants to the Lender that each of the representations, warranties and statements contained in the following Sections of this Article 6 are true and correct as of the Agreement Date and shall be true and correct at all times during the Term.

6.1Organization; Good Standing and Qualification.  The Borrower is a corporation duly incorporated and validly existing under the laws of the state of Delaware. The Borrower has all requisite corporate power and authority to own, lease and operate its properties and assets that it currently owns, leases or operates and to carry on its business as now conducted and as presently proposed to be conducted.

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6.2Authorization.  All corporate action on the part of the Borrower, its respective officers, directors and stockholders necessary for the authorization, execution and delivery of the Loan Documents to which it is a party and the performance of all obligations of the Borrower under the Loan Documents has been taken. Each of the Loan Documents to which it is a party constitutes a valid and legally binding obligation of the Borrower, as the case may be, enforceable against the Borrower in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, moratorium, and other laws affecting creditor’s rights generally and by equitable principles (regardless of whether enforcement is sought in equity or at law).

6.3Governmental Consents.  No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any Governmental Entity on the part of the Borrower is required in connection with the consummation of the transactions contemplated by the Loan Documents except as have been made or obtained (it being understood that no representation or warranty is being made as to any such consents, approvals, orders, authorizations, registrations, qualifications, designations or filings which may be required in connection with the exercise by Lender of any of its rights and remedies against the Mortgage).

6.4No Proceedings Pending or Threatened.  No litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency, is pending or, to the Borrower’s knowledge, threatened in writing against the Borrower which could reasonably be expected to have a Material Adverse Effect.

6.5Non-conflict With Other Obligations.  The entry into and performance by the Borrower of the Loan Documents to which it is a party, and the consummation by it of the transactions contemplated thereby, do not and will not conflict with or result in a breach of, as the case may be:

(a)any law or regulation applicable to it;

(b)its constitutional documents;

(c)any material agreement or instrument binding upon it or any of its assets; or

(d)any of its borrowing limits or powers or any power exercisable by its directors in connection therewith;

except, in each case where such conflict or breach would not reasonably be expected to have a Material Adverse Effect.

6.6No Default.  No Event of Default is continuing or would reasonably be expected to result from the making of the Loan.

6.7No Unpaid Taxes.  The Borrower has, to the extent required by Applicable Law, timely filed all material tax returns that are required to have been filed by it and has paid all material taxes, fees and other charges properly imposed on it by any relevant governmental authority, except such taxes, fees or other changes that are being contested in good faith by appropriate proceedings and 

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for which adequate reserves are maintained on the Borrower’s books to the extent required by U.S. GAAP.

6.8No Winding-up.  The Borrower has not taken any corporate action, nor have any other steps been taken or legal proceedings been started or threatened in writing against it, for its winding-up, dissolution or administration or for the appointment of a receiver, administrator, administrative receiver, trustee or similar offices of it or of any or all of its assets or revenues.

6.9Effective Mortgage.  The provisions of the Mortgage Agreement will be effective to create in favor of the Lender a valid, binding and enforceable security interest in all of Mortgagor’s right, title and interest of the Real Property, and constitute a fully perfected second priority Mortgage in all right, title and interest of such Mortgagor in such Real Property, superior in right to any liens which any third Person may have against such Real Property or interests therein other than the first priority Mortgage.

	
 
	
7.
	
COVENANTS.

So long as any amount under the Loan Documents is outstanding, the Borrower agrees to:

7.1Authorizations.  Obtain when required, make and keep in full force and effect all authorizations from and registrations with any Governmental Entity and other Persons that may be required to enable the Borrower to own its assets and carry on its business from time to time being conducted, except where the failure to so obtain or keep in effect would not materially impair Borrower’s ability to perform Borrower’s obligations under any of the Loan Documents to which Borrower is a party, and to ensure the legality, validity, and enforceability of such Loan Documents.

7.2Necessary Acts.  Upon request by the Lender, do or procure the doing of all such acts and execute or procure the execution of all such documents as the Lender may reasonably consider necessary for giving full effect to the Loan Documents or securing to the Lender the full benefits of all rights, powers and remedies conferred upon the Lender in the Loan Documents.

7.3Notification of Defaults.  Promptly notify the Lender upon the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, the Treasurer or General Counsel of the Borrower obtaining knowledge of the occurrence of any default or Event of Default hereunder or of any default under the Mortgage Agreement, the Note, any other of the Loan Documents or the Doan Loan Documents.

7.4Inspection.  Grant the Lender, its representatives, agents and/or advisors, the right to reasonable access to inspect the facilities and books of the Borrower.  Notwithstanding anything to the contrary in this Agreement, the Borrower will not be required to disclose or permit the inspection or examination of, any document, information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Lender (or its designated representative) is then prohibited by Applicable Law or any agreement binding on the Borrower or any of its Subsidiaries or (iii) is subject to attorney-client or similar privilege or constitutes attorney work product.

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7.5Compliance with Laws.  Comply in all material respects with all laws to which such party may be subject, if failure so to comply would materially impair such party’s ability to perform such party’s obligations under any of the Loan Documents to which such party is a party.

7.6Environmental Compliance. Comply in all material respects with all applicable environmental laws, obtain and maintain any environmental permits necessary to the Borrower’s business and take all reasonable steps in anticipation of known or expected future changes to or obligations under environmental law or any environmental permits, in each case where the failure to do so could reasonably be expected to have a Material Adverse Effect.

7.7Taxes.  Pay and discharge all material taxes, assessments and governmental charges or levies whatsoever imposed on the Borrower or on its income or profits or on any of the property of the Borrower prior to the date on which penalties attach thereto, and timely file all returns relating thereto, except to the extent that any such tax, assessment, governmental charge, levy or claim is being contested in good faith and by appropriate proceedings and for which adequate segregated reserves have been established therefore to the extent required by U.S. GAAP or where the failure to so pay, discharge or file would not materially impair such party’s ability to perform such party’s obligations under any of the Loan Documents to which such party is a party.

7.8Maintenance of Insurance.  Maintain or procure to be maintained with reputable insurers insurances on and in relation to its business and assets:

(a)against those risks customarily insured against by prudent companies carrying on a similar business; and

(b)against those risks required by Applicable Law.

7.9Maintenance of Property.  Maintain and preserve in good working order (ordinary wear and tear excepted) all of the assets necessary to the conduct of its business from time to time, except where the failure to do so would not materially impair such party’s ability to perform such party’s obligations under any of the Loan Documents to which such party is a party.

	
 
	
8.
	
EVENTS OF DEFAULT.

8.1Events of Default.  The occurrence and continuance of any of the following shall constitute an “Event of Default” under this Agreement:

(a)the Borrower’s failure to make any payment of principal, interest or any other amount payable hereunder when due under the Loan Documents and such failure continues unremedied for three (3) Business Days in the case of payments of principal or five (5) Business Days in the case of interest or any such other amount;

(b)the Borrower’s failure to duly and punctually perform its material obligations or covenants under the Loan Documents and such failure continues for thirty (30) days after the Lender provides written notice thereof to the Borrower;

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(c)any representation, warranty or statement made or deemed to be made by the Borrower in the Loan Documents is or proves to have been incorrect or misleading in any material respect when made;

(d)the filing of a petition by or against the Borrower under any provision of any law relating to bankruptcy, insolvency or other relief for debtors; and in the case of any such petition filed against the Borrower, such petition remains unstayed or undismissed for a period of sixty (60) days; or appointment of a receiver, trustee, custodian or liquidator of or for all or any part of the assets or property of the Borrower; or the insolvency of the Borrower; or the making of a general assignment for the benefit of creditors by the Borrower; 

(e)any of the Loan Documents, once executed and delivered, ceases to be in full force and effect or ceases to be effective to create the security interest; 

(f)any actual or asserted invalidity or unenforceability by the Borrower or Mortgagor of the Mortgage;

(g)any default by Borrower under the Doan Loan Documents; and

(h)the filing of a petition by or against the Mortgagor under any provision of any law relating to bankruptcy, insolvency or other relief for debtors; and in the case of any such petition filed against the Mortgagor, such petition remains unstayed or undismissed for a period of sixty (60) days; or appointment of a receiver, trustee, custodian or liquidator of or for all or any part of the assets or property of the Mortgagor; or the insolvency of the Mortgagor; or the making of a general assignment for the benefit of creditors by the Mortgagor.

8.2Remedies.  Upon the occurrence and during the continuance of any Event of Default, the Lender, at its option, may:  (i) by notice to the Borrower, declare the unpaid principal amount of the Loan, all interest accrued and unpaid thereon and all other amounts payable hereunder to be immediately due and payable, whereupon the unpaid principal amount of the Loan, all such interest and all such other amounts shall become immediately due and payable, without presentment, demand, protest or further notice of any kind, provided that if an event described in Section 8.1(d) above shall occur without the giving of any such notice and (ii) upon the acceleration of the Loan, exercise its rights and remedies under the Mortgage Agreement.  All rights, powers and remedies of Lender may be exercised at any time by Lender and from time to time upon the occurrence of an Event of Default, are cumulative and not exclusive, and shall be in addition to any other rights, powers or remedies provided by law or equity. 

8.3Costs.  The Borrower agrees to pay on demand all of the losses, costs and expenses (including reasonable attorneys' fees and disbursements) that the Lender incurs in connection with enforcement of the Loan Documents, the protection or preservation of the Lender's rights under the Loan Documents or collection of amounts due under the Loan Documents, whether by judicial proceeding or otherwise.  Such costs and expenses include those incurred in connection with any refinancing, or any bankruptcy, insolvency, liquidation or similar proceedings.

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8.4 Waivers.  Except as otherwise set forth herein or in the Loan Documents, the Borrower hereby waives diligence, demand, presentment, protest or notice of any kind in connection with the exercise by the Lender of its rights under the Loan Documents.  The Borrower agrees to make all payments under the Loan Documents without setoff (except as may be requested by the Lender) or deduction and regardless of any counterclaim or defense. 

	
 
	
9.
	
GENERAL PROVISIONS.

9.1Notices.  All notices and other communications hereunder shall be in writing and shall be deemed duly given upon (a) transmitter’s confirmation of a receipt of a facsimile transmission, (b) confirmed delivery by a standard overnight or recognized international carrier or when delivered by hand, or (c) delivery in person, addressed at the following addresses (or at such other address for a party as shall be specified by like notice):

	
 
	
(a)
	
if to Borrower, to:

SemiLEDs Corporation

1F, 3F, 4F, No. 11, Ke Jung Rd., Chunan Science Park, Chunan, Miaoli County, Taiwan, ROC

Fax: +886-37-582688

Attention: Christopher Lee

	
 
	
(b)
	
if to Lender, to:

J. R. Simplot Company
P.O. Box 27

Boise, ID 83707

Fax:  [       ]

Attention: General Counsel

9.2Waiver.  The failure at any time of a party hereto to require performance by the other party or parties of any responsibility or obligation required by this Agreement shall in no way affect the first party’s right to require such performance at any time thereafter, nor shall the waiver by a party hereto of a breach of any provision of this Agreement by the other party or parties constitute a waiver of any other breach of the same or any other provision nor constitute a waiver of the responsibility or obligation itself.  

9.3Assignment.  This Agreement or any right or obligation hereunder, is not assignable, delegable or otherwise transferable by any party, either voluntarily, by operation of law, or otherwise, without the prior written consent of the other parties (which consent may be withheld in its sole discretion).

9.4Term.  The term of this Agreement shall commence from the date hereof and end on the date upon which all the Borrower's obligations and liabilities under the Loan Documents, including, without limitation, the repayments of the Loan and the interest, have been duly performed (the “Term”).

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9.5Amendment.  This Agreement may not be amended or modified without the written consent of all parties hereto.

9.6Third Party Rights.  Nothing in this Agreement, whether express or implied, is intended or shall be construed to confer, directly or indirectly, upon or give to any Person, other than the parties hereto, any legal or equitable right, remedy or claim under or in respect of this Agreement or any covenant, condition or other provision contained herein.

9.7Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the Republic of China, without giving effect to its conflict of laws principles. 

9.8Jurisdiction; Venue.  Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement shall be brought in the Miao-li District Court, located in Miao-li, Taiwan, and each of the parties hereto hereby consents and submits to the exclusive jurisdiction of such court (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by Applicable Law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum.

9.9Headings.  The headings of the Articles and Sections in this Agreement are provided for convenience of reference only and shall not be deemed to constitute a part hereof.

9.10Entire Agreement.  This Agreement, together with the Exhibits hereto and the agreements and instruments referred to herein, constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersede all prior agreements and understandings, oral and written, among the parties hereto with respect to the subject matter hereof.

9.11Taxes.  Except as otherwise set forth in this Agreement, all Taxes incurred or imposed in connection with this Agreement and the transactions contemplated hereby shall be paid by the party subject to such Tax.

9.12Cost and Expenses.  Except as otherwise set forth herein or in the Loan Documents, the Borrower and the Lender shall be responsible for their own out of pocket expenses incurred by them in the preparation, negotiation and performance of the Loan Documents (including, but not limited to, legal fees and service fees to professional advisors).

9.13Severability.  Should any provision of this Agreement be deemed in contradiction with the laws of any jurisdiction in which it is to be performed or unenforceable for any reason, such provision shall be deemed null and void, but this Agreement shall remain in full force and effect in all other respects.  Should any provision of this Agreement be or become ineffective because of changes in Applicable Law or interpretations thereof, or should this Agreement fail to include a provision that is required as a matter of law, the validity of the other provisions of this Agreement shall not be affected thereby.  If such circumstances arise, the parties hereto shall 

13

 

negotiate in good faith appropriate modifications to this Agreement to reflect those changes that are required by Applicable Law.

9.14Counterparts.  This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

9.15Confidential Information.

(a)The parties hereby acknowledge that the terms and conditions of the Loan Documents and the information requested to be disclosed herein which is not available to the public shall be considered confidential information (collectively, the “Confidential Information”), and the parties agree that the term Confidential Information includes (i) on the part of the Borrower, any information received from the Lender under, pursuant to or in connection with the Loan Documents or the transactions contemplated thereby, and (ii) on the part of the Lender, any information received from the Borrower under, pursuant to or in connection with the Loan Documents or the transactions contemplated thereby.  The parties shall not disclose any Confidential Information to any third party except in accordance with the provisions of this Section 9.15.  Notwithstanding the foregoing, the term "Confidential Information" shall not include information that (i) is or becomes published or otherwise generally available to the public through no fault or omission of the applicable party or any of its Affiliates, employees, lenders, accountants or attorneys, (ii) was available to the applicable party on a non-confidential basis prior to its disclosure to such party pursuant to the Loan Documents or (iii) becomes available to the applicable party on a non-confidential basis from a source other than the other parties.

(b)Notwithstanding the foregoing, any of the parties may disclose any of the Confidential Information to its Affiliates, employees, lenders, accountants and attorneys, in each case only where such Persons have the need to know and so long as such Persons agree to keep the information confidential in accordance with this Section 9.15.

(c)In the event that any of the parties is requested or becomes legally compelled (including without limitation, by the U.S. Securities Exchange Commission) to disclose the Confidential Information, such party, shall provide the other parties with prompt written notice of that fact before such disclosure is made and furnish for disclosure only that portion of the information which is legally required.

(d)Each of the Lender and the Borrower agrees that it will provide the other parties with drafts of any documents, press releases or other filings in which it is required to disclose the Confidential Information at least five (5) Business Days or such other period as required by law, whichever is shorter, prior to the filing or disclosure thereof, and that it will make any changes to such materials reasonably requested by the other parties to the extent permitted by Applicable Law.  If confidential treatment is requested by any of the other parties, the party seeking disclosure of the Confidential Information agrees to file a request on behalf of such other party and shall use its commercially reasonable efforts in responding to any comments by any such stock exchange or securities regulatory body or authority to cause such confidential treatment to be granted.

14

 

(e)Notwithstanding Section 9.4, the obligations of this Section 9.15 with respect to any Confidential Information or with respect to any discussions or agreements between the parties shall survive and continue for five (5) years from the Agreement Date.

[SIGNATURE PAGE FOLLOWS]

15

 

 

The parties hereto have caused this Agreement to be executed and delivered as of the date first written above.

 

			
	
SemiLEDs Corporation

	
 
	
 
	
 

	
By:
	
 
	
/s/Christopher Lee

	
 
	
 
	
 

	
Name:
	
 
	
Christopher Lee

	
 
	
 
	
 

	
Title:
	
 
	
CHIEF FINANCIAL OFFICER

	
 
	
 
	
 

	
 
	
 
	
 

	
J. R. Simplot Company

	
 
	
 
	
 

	
By:
	
 
	
/s/ Scott R. Simplot

	
 
	
 
	
 

	
Name:
	
 
	
Scott R. Simplot

	
 
	
 
	
 

	
Title:
	
 
	
Chairman of the Board

 

 

 

 

 

EXHIBIT A

 

Form of Promissory Note

 

		
	
US$1,500,000.00
	
Dated: As of January 8, 2019

 

FOR VALUE RECEIVED, the undersigned, SemiLEDs Corporation, a corporation organized under the laws of the state of Delaware (the "Company"), hereby unconditionally promises to pay to the order of  J. R. Simplot Company, a corporation organized under the laws of the state of Nevada, or its permitted assigns (the "Holder") the principal sum of One Million Five Hundred Thousand Dollars ($1,500,000.00) (USD) (the "Principal Amount"), or such lesser amount as shall then be equal to the outstanding principal amount hereunder, together with interest, at the interest rate set forth below, from the date of this Promissory Note (this "Note") on the unpaid principal balance until the Principal Amount is paid. The Company and the Holder have entered into a Loan Agreement dated January 8, 2019 (the "Loan Agreement") whereby the Holder agrees to extend a loan facility in the Principal Amount to the Company and the Company agrees to borrow the same from the Holder.

 

	
1.
	
The Company shall make interest payments as provided for in the Loan Agreement (including Section 3.3) and the unpaid principal amount of this Note together with any accrued and unpaid interest and any other amounts due shall become immediately due and payable on January 15, 2021 (“the Maturity Date”). Provided, however, this Note may be accelerated, and the unpaid principal amount of this Note together with any accrued and unpaid interest and any other amounts due, shall become immediately due and payable prior to the Maturity Date as provided for under Section 5 of this Note and/or the Loan Agreement (including Section 8).  All payment hereunder shall be made by wire transfer of such amounts in United States Dollars (USD) in immediately available funds, without any deduction, setoff or counterclaim, at such place and to such account as the Holder shall designate in a written notice to the Company.

 

	
2.
	
This Note shall bear interest on the unpaid principal amount hereof at the rate of eight percent (8%) per annum computed on the basis of the actual number of days elapsed and a year of 360 days; provided, however, that upon the occurrence and during the continuance of an Event of Default (defined below), interest shall accrue on the unpaid principal amount of this Note, from the due date up to the date of actual payment of the unpaid amount (both before and after judgment), at the rate of twelve percent(12%) per annum.

 

	
3.
	
The principal amount of this Note may be prepaid without penalty, at the sole discretion of the Company, in whole or in part at any time, provided that: (i) the Company shall have given the Holder not less than three (3) business days’ (or such shorter period as may be agreed between the Company and the Holder) prior written notice specifying the amount to be prepaid and the date of prepayment; and (ii) the Company shall concurrently pay accrued and unpaid interest on the full amount of the principal to be repaid on the date of such prepayment.

 

	
4.
	
This Note, the Loan Agreement, the Mortgage Agreement (as defined in the Loan Agreement) and any ancillary documents entered into in connection therewith, each as amended, extended or modified from time to time, are referred to collectively herein as the "Loan Documents".

 

 

 

	
5.
	
The unpaid principal amount of this Note, the accrued interest thereon and all other obligations of the Company hereunder (collectively, the "Obligations"), at the sole discretion of the Holder, shall become immediately due and payable upon the occurrence of any of the following events of default (the "Events of Default"):

 

	
 
	
(a)
	
The Company shall fail to pay any principal, accrued interest or any other amount payable hereunder when due under this Note and such failure continues unremedied for three (3) Business Days in the case of payment of principal or five (5) business days in the case of accrued interest or any such other amount;

 

	
 
	
(b)
	
The Company shall default in the observance or performance of any material agreements, covenants or conditions contained in this Note, any of the Loan Documents and fail to cure such default within thirty (30) days of the date the Holder provides written notice thereof to the Company;

 

	
 
	
(c)
	
Any present or future representation or warranty made by or on behalf of the Company whether contained herein or in any of the other Loan Documents shall be incorrect or misleading in any material respect when such representation or warranty is made;

 

	
 
	
(d)
	
the filing of a petition by or against the Company under any provision of any law relating to bankruptcy, insolvency or other relief for debtors; and in the case of any such petition filed against the Company, such petition remains unstayed or undismissed for a period of sixty (60) days; or appointment of a receiver, trustee, custodian or liquidator of or for all or any part of the assets or property of the Company; or the insolvency of the Company; or the making of a general assignment for the benefit of creditors by the Company;

 

	
 
	
(e)
	
any of the Loan Documents, once executed and delivered, ceases to be in full force and effect or ceases to be effective to create the security interest; 

 

	
 
	
(f)
	
any actual or asserted invalidity or unenforceability by the Company or Mortgagor (as defined in the Loan Agreement) of the Mortgage (as defined in the Loan Agreement);

 

	
 
	
(g)
	
any default by Company under the Doan Loan Documents (as defined in the Loan Agreement); and

 

	
 
	
(h)
	
the filing of a petition by or against the Mortgagor under any provision of any law relating to bankruptcy, insolvency or other relief for debtors; and in the case of any such petition filed against the Mortgagor, such petition remains unstayed or undismissed for a period of sixty (60) days; or appointment of a receiver, trustee, custodian or liquidator of or for all or any part of the assets or property of the Mortgagor; or the insolvency of the Mortgagor; or the making of a general assignment for the benefit of creditors by the Mortgagor.

 

	
6.
	
The Company shall reimburse the Holder for all costs and expenses incurred by the Holder and shall pay the reasonable fees, disbursements and out of pocket expenses of counsel to the Holder 

 

 

		
in connection with the enforcement of the Holder's rights hereunder. The Company shall also pay any and all taxes (other than taxes on or measured by net income of the Holder of this Note) recording fees, filing charges, search fees or similar items incurred or payable in connection with the execution and delivery of this Note.

 

	
7.
	
The Company waives demand, presentment, protest and notice of any kind and consents to the release, surrender or substitution of any and all security or guarantees for the obligations evidenced hereby or other indulgence with respect to this Note, all without notice.

 

	
8.
	
The Company shall indemnify, defend and save the Holder harmless from and against any and all claims, liabilities, losses, costs and expenses (including, without limitation, reasonable attorneys' fees, disbursements and out of pocket expenses) of any nature whatsoever which may be asserted against or incurred by the Holder arising out of or in any manner occasioned by or any failure by the Company to perform any of its obligations hereunder or pursuant to the Loan Documents.

 

	
9.
	
The Company agrees to do such further acts and to execute and deliver to the Holder such additional agreements, instruments and documents as the Holder may reasonably require or deem advisable to effectuate the purposes of this Note, or to confirm to the Holder its rights, powers and remedies under this Note.

 

	
10.
	
All notices and other communications hereunder shall be in writing and shall be deemed duly given upon (a) transmitter’s confirmation of a receipt of a facsimile transmission, (b) confirmed delivery by a standard overnight or recognized international carrier or when delivered by hand, or (c) delivery in person, addressed at the following addresses (or at such other address for a party as shall be specified by like notice):

 

			
	
 
	
(i)
	
If to the Company, to:

	
 
	
 
	
 

	
 
	
 
	
SemiLEDs Corporation

1F, 3F, 4F, No. 11, Ke Jung Rd., Chunan Science Park, Chunan, Miaoli County, Taiwan, ROC

Fax:+886-37-582688

Attention:  Christopher Lee

	
 
	
 
	
 

	
 
	
(ii)
	
If to the Holder, to:

	
 
	
 
	
J. R. Simplot Company
P.O. Box 27

Boise, ID 83707

Fax:  [       ]

Attention: General Counsel

 

	
11.
	
This Note and the Loan Documents contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements, written or oral, with respect thereto.

 

 

 

	
12.
	
This Note may be amended, superseded, cancelled, renewed or extended only by a written instrument signed by the Holder and the Company. Any provisions hereof may be waived by a party but any such waiver must be in writing signed by such party and any such waiver shall be effective only in the specific instance and for the specific purpose for which given. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any such right, power or privilege, nor any single or partial exercise of any such right, power or privilege, preclude any further exercise thereof or the exercise of any other such right, power or privilege. The rights and remedies herein provided are cumulative and are not exclusive of any rights or remedies that any party may otherwise have at law or in equity.

 

	
13.
	
This Note shall be governed by and construed in accordance with the laws of the Republic of China, without regard to the conflict of laws rules thereof.

 

	
14.
	
Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Note shall be brought in the Miao-li District Court, located in Miao-li, Taiwan, and each of the parties hereto hereby consents and submits to the exclusive jurisdiction of such court (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by applicable laws, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum.

 

	
15.
	
This Note and all of its provisions, rights and obligations shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, assigns and legal representatives. Nothing herein express or implied is intended or shall be construed to confer upon or to give anyone other than the parties hereto and their respective heirs, legal representatives and successors any rights or benefits under or by reason of this Note and no other party shall have any right to enforce any of the provisions of this Note.

 

	
16.
	
If any provision of this Note for any reason shall be held to be illegal, invalid or unenforceable, such illegality shall not affect any other provision of this Note, but this Note shall be construed as if such illegal, invalid or unenforceable provision had never been included herein.

 

	
17.
	
Except as otherwise set forth herein, the Company and the Holder shall be responsible for their own out-of-pocket expenses incurred by them in the preparation, negotiation and performance of this Note.

 

	
18.
	
If this Note is mutilated, defaced, destroyed, stolen or lost, it may be replaced at the registered office of the Company for the time being upon payment by the claimant of such costs as may be incurred in connection therewith and on such terms as to evidence and indemnity as the Company may reasonably require and on payment of such reasonable fee as the Company may determine. Mutilated or defaced Note must be surrendered before replacements will be issued.

 

 

 

	
19.
	
Except as otherwise provided herein, the terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties whose rights or obligations hereunder are affected by such terms and conditions, except that the Company may not assign or transfer any of its rights or obligations under this Note without the prior written consent of the Holder.

 

[SIGNATURE PAGE FOLLOWS]

 

 

IN WITNESS WHEREOF, the undersigned has executed this Note as of the date first written above.

 

The Company:

 

			
	
SemiLEDs Corporation

	
 
	
 
	
 

	
By:
	
 
	
/s/Christopher Lee

	
Name:
	
 
	
Christopher Lee

	
Title:
	
 
	
Chief Financial Officer

 

 

 

EXHIBIT B

 

Form of Mortgage Agreement

 

其他約定(附於土   地建築改良物抵押權契約書)

Terms and Conditions to be Appended

to Mortgage Setting Agreement for Land and Construction Improvements

 

下述約定(下稱「本約定」)茲此補充簽名欄所載之義務人旭明光電股份有限公司(下稱「抵押人」)與補充簽名欄所載之權利人J. R. Simplot Company, (下稱「抵押權人」)於民國(下同)107年12月[-]日簽訂之土地建築改良物抵押權契約書(下稱「抵押權契約書」),而構成其一部份,抵押權契約書係就座落於新竹科學工業園區苗栗縣竹南鎮科中路11號1樓至4樓之建築改良物(下稱「抵押物」),設定第二順位之抵押權予抵押權人,擔保依抵押權人與簽名欄所載之債務人SemiLEDs Corporation(下稱「債務人」)間借貸文件(定義如后),債務人對抵押權人所應負之本金、利息、遲延利息、費用、損害賠償、墊款、抵押物鑑價費用或任何款項支付或交付義務及其他費用等各項直接或或有債務,及本約定第十三條所定之其他受擔保之債務(以上合稱「擔保債務」)。

The following terms and conditions (the "Terms and Conditions") shall form a part of and are hereby incorporated by reference into the Mortgage Agreement entered into on January 8, 2019, by and between the mortgagor as referred to in the signature column, SemiLEDs Optoelectronics Co., Ltd. (the “Mortgagor”) and the mortgagee as referred to in the signature column, J. R. Simplot Company, a corporation organized under the laws of the state of Nevada (the “Mortgagee”), granting a second-rank mortgage to the Mortgagee as security for any and all indebtedness, obligations and liabilities, direct or contingent, of any kind of the debtor as referred to in the signature column, SemiLEDs Corporation (the “Debtor”) to the Mortgagee, whether for principal, interest, fees, default interest, penalties, costs, expenses, reimbursements, damages, appraisal fee for the value of the Mortgaged Property (as defined below) or any other obligation to pay or delivery monies howsoever characterized, arising out of the Loan Documents (as defined below) and the enforcement thereof, and the secured indebtedness under Articles 13 hereof (collectively, the “Indebtedness”). Said mortgage is given with respect to buildings situated at 1F to 4F, No. 11, Ke Jung Rd., Chunan Science Park, Chunan, Miaoli County, Taiwan, R.O.C. (the “Mortgaged Property”).                                     

 

本約定之當事人茲願遵守履行下列條款:

The parties hereof agree to observe and perform the terms and conditions set out below:

 

一、付款:抵押人同意,擔保債務之清償期限及方法及提前到期等均應依借貸文件(定義如后)之規定處理。

1. Payments. The Mortgagor agrees that the dates and manner of repayment of the Indebtedness and the acceleration of the Indebtedness or portions thereof shall be governed by and determined in accordance with the Loan Documents (defined below).

 

二、借貸文件:抵押人同意,關於擔保債務之利息、報酬、遲延利息及違約金應分別按抵押權人及債務人於107年12月[-]日所簽署本金為美金$1,500,000元(新台幣46,650,000元)之借款契約,以及債務人於107年12月[-]簽發予抵押權人本金美金$1,500,000元(新台幣46,650,000元)之本票(下合稱「借貸文件」)所訂之利率或標準計算,並依借貸文件訂定給付方法及時間,借貸文件亦構成本約定之一部分。

2. Loan Documents. The Mortgagor agrees that interest, fees, default interest and/or penalties with respect to the Indebtedness shall be calculated at the rates or terms specified in the loan agreement entered into by and between the Mortgagee and the Debtor dated January 8, 2019 pursuant in the principal amount of US$1,500,000 (NT$46,650,000), and the promissory note with the principal sum of US$1,500,000 (NT$46,650,000) issued by the Debtor to the Mortgagee dated January 8, 2019 (together referred to as the "Loan Documents"), and the manner and dates of repayment shall be determined in accordance with the Loan Documents, which Loan Documents are incorporated herein by reference and made a part hereof.

 

三、滅失:抵押權人對於抵押人就抵押物之滅失所得行使之賠償或其他請求權有權利質權,其次序與原抵押權同。

3. Destruction.  With respect to the claims for the damages or other rights owned by the Mortgagor resulting from the destruction of the Mortgaged Property, a pledge over such rights in favor of the Mortgagee will be created and the priority thereof will be the same as the original mortgage. 

 

 

 

四、登記:抵押人及抵押權人應即會同向主管機關,申請抵押物上第三順位不動產抵押權之設定登記,無論何時,抵押權人為保護其在本約定下之權益,認為有必要變更前述登記或抵押物所有權登記,而請求抵押人變更時,抵押人應即辦理。

4. Registration. The Mortgagor and the Mortgagee shall forthwith jointly file an application with the competent authority for registration of real property mortgage(s) over the Mortgaged Property with the second-rank priority. The Mortgagor shall, on demand by the Mortgagee, make such amendments to the foregoing registrations and/or to any registration of its ownership of the Mortgaged Property as the Mortgagee may from time to time deem necessary or appropriate to protect the Mortgagee‘s interests hereunder.

 

五、所有權:抵押人茲聲明下列為本約定及抵押權契約書簽訂日存在於抵押物上之所有(包含但不限於抵押權設定契約)之一切負擔,除所下列所列者外,抵押人聲明並擔保,抵押物為其完全且合法所有,並無他人之權利、請求、租賃權或擔保權益,如日後因抵押物或抵押人之所有權而發生糾葛時,抵押人應使抵押權人不受損害,並補償其所受損失。

5. Ownership. The Mortgagor hereby declares that the following is a full and complete listing of all encumbrances including but not limited to mortgage setting agreement, in the Mortgaged Property as of the date of execution of the Terms and Conditions and the Mortgage Agreement.  Except the declared encumbrances, the Mortgagor represents and warrants to the Mortgagee that the Mortgaged Property is wholly and legally owned by the Mortgagor free and clear of any rights, claims, leases or security interests. The Mortgagor shall hold harmless and indemnify the Mortgagee from and against any dispute regarding the Mortgaged Property and/or the Mortgagor‘s ownership thereof. 

 

	
建號

Building Number
	
類別

Types
	
義務人/權利人

Obligor/Obligee
	
擔保金額

Secured Amount

	
竹南鎮南科段00006-000

00079-000

Chunan Township Nan-ke Section

Nos 00006-000 and 00079-000

 
	
 

第一順位之抵押權

first-rank mortgage
	
旭明光電股份有限公司/玉山銀行

SemiLEDs Optoelectronics Co., Ltd./E.Sun Bank
	
新台幣77,000,000元正

NTD 77,000,000

	
竹南鎮南科段00077-000

00078-000

Chunan Township Nan-ke Section

Nos 00077-000 and

00078-000

 
	
第一順位之抵押權

first-rank mortgage
	
旭明光電股份有限公司/玉山銀行

SemiLEDs Optoelectronics Co., Ltd./E.Sun Bank
	
新台幣125,000,000元正

NTD 125,000,000

 

六、抵押物:抵押人應始終使抵押物保持完好,抵押物如有重大損壞或其價值減少時,抵押人應即以書面通知抵押權人,抵押人非先經抵押權人書面同意,不得將抵押物出賣、出租、出借、轉讓、移轉、信託,或再設定抵押等其他負擔或擔保權利或允許其他權利之存在。抵押人不得自行或允許他人對抵押物加以變更、改造,包含但不限於在空地上設置、建造任何建築物或結構體。抵押人同意,抵押權人為保護或保全其抵押權或抵押物,在法律許可最大範圍內,得(但無義務)隨時為抵押權人認為必要之行為,包括(但不限於)加派警衛及/或暫時占有抵押物等,其費用由抵押人負擔。抵押人茲聲明下列為本約定及抵押權契約書簽訂日存在於抵押物上之所有(包含但不限於租賃契約)之一切權益:

6. Mortgaged Property. The Mortgagor shall at all times maintain the Mortgaged Property in good condition. The Mortgagor shall immediately, notify the Mortgagee in writing of any substantial damage to any of the Mortgaged Property or if the value of the Mortgaged Property declines. The Mortgagor shall not, without the prior written consent of the Mortgagee, sell, lease, lend, transfer, assign, or create any trust or subordinated mortgage over or create or permit superficies or any other encumbrance or lien over any of the Mortgaged Property. The Mortgagor shall not, and shall not permit others to make any modification or alteration of any kind to the Mortgaged Property including without limitation the placing or building of any structures on bare land, without the prior written consent of the Mortgagee.  The Mortgagor agrees that the Mortgagee may (but shall not be obligated to), to the greatest extent permitted by law, at any time and from time to time and at the Mortgagor's cost and expense take such actions as the Mortgagee 

 

 

deems necessary or appropriate to protect or preserve the Mortgaged Property and/or the Mortgagee's mortgage rights therein, including without limitation the posting of guards, and/or sequestering of the Mortgaged Property. The Mortgagor hereby declares that the following is a full and complete listing of all rights including but not limited to lease rights, in the Mortgaged Property as of the date of execution of the Terms and Conditions and the Mortgage Agreement:

 

						
	
類別

Types
	
承租人

Lessee
	
租賃之不動產

Leased Property
	
生效日

Effective Date
	
租賃期間

Lease Period
	
月租金

Monthly Rental

	
租賃

Lease
	
PRIME OPTICAL FIBER CORPORATION

 
	
The second floor and the partial space at the basement of the building
	
2017/10/1
	
10年

10 Years
	
自2017/10/1起

新台幣10萬元

From 2017/10/1 to 2017/7/31:

NTD 100,000

 

自2018/8/1起

新台幣2萬元

From 2018/8/1:

NTD 20,000

	
租賃

Lease
	
SUCCESS PRIME CORPORATION

 
	
The second floor and the partial space at the basement of the building
	
2018/8/1
	
9年2個月

Nine years and two months
	
新台幣98萬元

NTD 980,000

	
租賃

Lease
	
台灣半導體照明股份有限公司

TSLC Corporation

 
	
1樓部分區域

the partial space at the first floor of the building
	
2018/1/1
	
5年

5 Years
	
新台幣10萬元

NTD 100,000

 

七、稅捐:凡關於抵押物之所有權、保管、使用、維修之稅捐及費用,僅由抵押人負責,並隨時到期繳付。

7. Taxes. The Mortgagor shall be solely responsible for, and shall at all times pay when due, all taxes and all expenses incurred with respect to the custody, use and/or maintenance of the Mortgaged Property.

 

八、違約:下列任一情事(下稱「違約情事」),如其發生並繼續時,於有關法律最大許可範圍內,抵押權人得不論擔保債務是否到期,立即依照有關法令實行抵押權,及/或以拍賣或變賣之方式處分抵押物之全部或一部:(1)抵押人未履行其在本約定下對於抵押權人之約定或其他義務,且抵押人未能於抵押權人給予書面通知補正後十五日內(下稱「補正期限」)補正者;(2)任何抵押物被出賣、抵押、移轉、出租、出借,或以其他方法被處分,而未先徵得抵押權人之書面同意且抵押人未能於補正期限內補正者;(3)抵押物之全部或一部毀損、沒收或公用徵收,或其價值顯著減少,且抵押人未能於補正期限補正者;(4)有借貸文件所述之違約情事,或抵押權人依照其與抵押人及/或債務人間之合約或借貸文件之規定有權行使抵押權時。

抵押物拍賣或變賣時,抵押權人得投標或承買該出賣之抵押物之全部或一部,日後抵押權人就抵押物所得之孳息或為處分,概與抵押人無涉。抵押人茲明示同意,違約情事發生後,抵押權人得於有關法律最大許可範圍內,按其善意認定之當時市價,以變賣方式處分抵押物。抵押人茲承諾:(1)與抵押權人及抵押物拍賣或變賣之買受人(下稱「買受人」)合作,簽署一切必要之文件,為一切必要之申請,以便買受人辦理抵押物所有權之登記;(2)關於抵押物移轉予買受人,履行其一切義務。抵押物所售得之價款,應先扣付抵押權人出售抵押物所發生之ㄧ切費用及成本,再清償擔保債務及其他於本約定、抵押權契約書、借貸文件或其他合約下所積欠抵押權人之一切成本、費用及債務,不問其是否到期。抵押權人為抵押人或債務人所負擔之或有負債(下稱「或有負債」)屆期之前,抵押權人得留置上述價款之全部或一部。如其價款不足支付上述已到期或將到期之款項及抵押權人之或有負債時,抵押人及/或債務人應即補足差額,支付抵押權人。

8. Default. Upon the occurrence and during the continuation of any of the following events (“Event of Default”): (a) the Mortgagor shall fail to perform or observe any agreement or other obligation to the Mortgagee hereunder and such failure is not cured within 

 

 

fifteen (15) days after the Mortgagee sends written notice to the Mortgagor (“Cure Period”) ; (b) any of the Mortgaged Property shall be sold, mortgaged, transferred, leased or otherwise disposed of without the Mortgagee’s prior written consent and such circumstances are not cured within the Cure Period; (c) the Mortgaged Property or any portion thereof shall be damaged, confiscated or appropriated for public use or its value shall be substantially diminished and such circumstances are not cured within the Cure Period; (d) there shall occur an Event of Default under and as defined in the Loan Documents or the Mortgagge shall otherwise become entitled to realize upon the Mortgagged Property under the Loan Documents or any other agreement between the Mortagee and the Mortgagor or the Debtor and the Mortgagee; the Mortgagee may, without regard to whether the Indebtedness is then due, immediately foreclose the mortgage created hereunder in accordance with applicable laws and regulations and/or, to the greatest extent permitted by applicable laws, dispose of the whole or any part of the Mortgaged Property either at public auction or by private sale. At any such sale the Mortgagee may bid for or purchase the whole or part of the Mortgaged Property so sold without liability to account to the Mortgagor or the Debtor with respect to any subsequent income earned therefrom or the disposal thereof.

The Mortgagor hereby expressly agrees and consents that, to the greatest extent permitted by applicable laws, after the occurrence of any Event of Default, the Mortgagee may dispose of the Mortgaged Property by private sale at the then current market value thereof, as determined in good faith by the Mortgagee. The Mortgagor hereby undertakes that it shall (i) cooperate with the Mortgagee and the party or parties which purchase the Mortgaged Property through public auction or by private sale (“the Purchaser”) by executing all documents and filing all applications necessary for the registration of such Purchaser as owner of the Mortgaged Property and (ii) fulfill any and all obligations arising from or in connection with the transfer of the Mortgaged Property to the Purchaser. The proceeds from any sale of the Mortgaged Property shall, after deduction of all costs and expenses incurred by the Mortgagee in making such sale, be applied to the repayment of the Indebtedness and all other obligations, costs and expenses owing to the Mortgagee hereunder, under the Loan Documents or otherwise, whether or not then due, and/or may be held in whole or in part by the Mortgagee pending the expiry of any contingent liability undertaken by the Mortgagee for the Mortgagor's or the Debtor's account (“Contingent Obligations”). In the event that such sales proceeds are insufficient to cover all sums due or to become due to the Mortgagee, plus the Mortgagee's potential liability under the Contingent Obligations, the Mortgagor or the Debtor shall immediately pay to the Mortgagee the balance thereof.

 

九、如擔保債務已屆清償期而未為清償時,抵押物之所有權應依民法第八百七十三條之ㄧ規定移屬於抵押權人,抵押權人毋須申請法院拍賣或以拍賣或變賣之方式處分抵押物之全部或一部,抵押人並同意配合抵押權人辦理前述所有權移屬之相關登記事宜,並負擔全部相關費用。

 

9. If the Indebtedness is due and unpaid, the ownership of the Mortgaged Property shall be transferred to and belonged to the Mortgagee in accordance with Article 873-1 of the Republic of China Civil Code. In this circumstance, the Mortgagee needs not to petition to the court for auction or dispose of the whole or any part of the Mortgaged Property either at public auction or by private sale. The Mortgagor agrees to cooperate with the Mortgagee to complete all matters relating to the registration of the above arrangement at the Mortgagor's own expenses. 

 

十、抵押權人請求抵押人依前項約定為抵押物所有權之移轉時,抵押人同意由抵押權人指定之第三人就抵押物之價值進行鑑價,並願受該鑑價結果之約束,且抵押人同意配合抵押權人辦理所有權移轉之所有登記及其他相關事宜及程序,並負擔全部相關費用,絕不藉故遲延,並願就抵押人遲延或未能移轉抵押物所有權致生抵押權人之損害負損害賠償責任。

10. If the Mortgagee requests the Mortgagor to transfer the ownership of the Mortgaged Property in accordance with the preceding paragraph, the Mortgagor agrees that the valuation of the Mortgaged Property shall be done by the appraiser appointed by the Mortgagee and the appraisal report prepared by such appraiser is conclusive and binding upon the Mortgagor. The Mortgagor also agrees to  cooperate with the Mortgagee to complete all matters relating to the registration of the transfer of the ownership of the Mortgaged Property to the Mortgagee at the Mortgagor's own expenses without any delay of such transfer.  The Mortgagor shall be reliable for the damages suffered by the Mortgagee resulting from any delay or failure of the transfer of the ownership of the Mortgaged Property by the Mortgagor.

 

十一、抵押權範圍:本抵押權效力及於抵押物上之一切權益。

11. Coverage. This mortgage shall cover all rights and interests in the Mortgaged Property.

 

十二、其他債權人之主張:抵押人聲明此項抵押權之設定行為不致損害其他債權人之債權,亦即此項設定予抵押權人之抵押權絕不會發生被抵押人之其他債權人聲請法院撤銷之危險。

 

 

12. Claims of Other Creditors. The Mortgagor declares the registration of this Mortgaged Property will in no way harm the interests of the Mortgagor's other creditors and that the Mortgaged Property will not be the subject of an action by any of the Mortgagor's creditors to have the courts revoke this Mortgage. 

 

十三、費用:抵押權人所墊付抵押人依本約定應支付之費用、或抵押人依本約定應償還之費用或抵押物鑑價費用,均屬本約定之擔保債務,由本約定之抵押予以擔保。 

13. Expenses. Any expenses and fees payable by the Mortgagor hereunder which are advanced by the Mortgagee, all fees reimbursable by the Mortgagor hereunder and the fees for evaluation of the value of the Mortgaged Property, shall be deemed Indebtedness for all purposes hereof and shall be secured by the mortgages created hereunder.

 

十四、轉讓:本約定之效力及於抵押人之繼承人及受讓人、法定代理人、受託人、破產管理人、重整人及清算人,但抵押人非先經抵押權人書面同意,不得轉讓其於本約定及抵押權契約書下之權利義務。抵押權人得將抵押權人於本約定及抵押權契約書下之權利讓與擔保債務之受讓人,毋須通知抵押人或經其同意。

14. Assignment. The Terms and Conditions shall be binding upon the respective successor(s), assigns, legal representatives, the trustees, the bankruptcy administrators, the reorganizers and the liquidators of the Mortgagor; provided that the Mortgagor may not assign its rights or obligations under the Terms and Conditions and the Mortgage Agreement without the prior written consent of the Mortgagee. The Mortgagee may, without notice to, or the consent of, the Mortgagor, assign its rights under the Terms and Conditions and the Mortgage Agreement to any assignee of the Indebtedness.

十五、準據法:本約定、抵押權契約書及依其設定之抵押權,應依照中華民國之法律解釋,但不包括選法衝突時之適用原則。關於本約定及抵押權契約書之爭議,立約雙方同意由台灣苗栗地方法院管轄。抵押權人為保障其於本約定及抵押權契約書下之權利及行使抵押權所生之律師費、訴訟費及其他費用,抵押權人請求抵押人償還時,抵押人應立即償還。

15. Governing Law. The Terms and Conditions, the Mortgage Agreement and the mortgages created hereunder shall be construed in accordance with the laws of the Republic of China, without regard to principles of conflicts. The parties hereto agree that the Miao-li District Court shall be the court having jurisdiction over the Terms and Conditions and the Mortgage Agreement. The Mortgagor shall reimburse the Mortgagee, on demand, for all lawyers fees, court fees and other costs incurred by the Mortgagee in protection its rights under the Terms and Conditions and the Mortgage Agreement and in realizing on the Mortgaged Property.

 

十六、其他事項:本約定及抵押權契約書未盡事宜,悉依中華民國有關法令處理,但不包括選法衝突時之適用原則。

16. Other Matters. All matters not specifically covered by the Terms and Conditions and the Mortgage Agreement shall be governed by relevant laws and regulations in the Republic of China, without regard to principles of conflicts of law thereunder.

 

十七、其他文件:為實行本約定及抵押權契約書之意旨,抵押人願更為其他行為,簽署其他文件,並以其他方式與抵押權人充分合作。

17. Other Documents. The Mortgagor agrees to do all such further acts, to execute all such further documents and to otherwise fully cooperate with the Mortgagee in carrying out the intent of the Terms and Conditions and the Mortgage Agreement.

 

十八、非放棄:抵押權人若遲延或怠於行使本約定或抵押權契約書下之任何權利,不得視為抵押權人放棄該權利。抵押權人對本約定或抵押權契約書下之任何權利所為之放棄,需以書面為之,且僅限於放棄其明示之部分,並不影響其他部份或其他權利之行使。

18. Non Waiver. Any failure on the part of the Mortgagee to insist on performance of any provision of the Terms and Conditions or the Mortgage Agreement shall not constitute a waiver thereof or of any other provision contained in the Terms and Conditions or the Mortgage Agreement. Any waiver of the provision of the Terms and Conditions or the Mortgage Agreement by the Mortgagee shall be valid only if in writing and shall be strictly limited to the waiver stated therein and shall not constitute a waiver of any other provision of the Terms and Conditions or the Mortgage Agreement.

 

 

 

十九、效力:於有關法律最大許可範圍內,本約定及抵押權契約書下抵押人之義務,完全有效,不因下列情事而受影響,亦不得因此而予終止或解除:(1)借貸文件或債務人與抵押權人簽訂之其他文件契據有修改、變更、或轉讓時:(2)抵押權人行使或未行使其在本約定或其與債務人簽訂之文件契據下之權利、職權或救濟時;(3)關於本約定或債務人與抵押權人簽訂之文件契據,有放棄主張(或行使)、同意、期限延展、縱容或其他行為或不行為時;或(4)債務人破產,重整或和解時。

19. Validity, To the greatest extent permitted by applicable law, the obligations of the Mortgagor under the Terms and Conditions and the Mortgage Agreement shall remain in full force and effect without regard to and shall not be terminated, discharged, impaired or affected by (i) any amendment, modification or assignment of the Loan Documents or any other document or instrument executed by and between the Debtor and the Mortgagee, (ii) any exercise or enforcement or non-exercise or non-enforcement by the Mortgagee of any right, power or remedy under the Terms and Conditions or any document or instrument executed by and between the Debtor and the Mortgagee, (iii) any waiver, consent, extension of time, indulgence or other action or inaction in respect of the Terms and Conditions or any document or instrument executed by and between the Debtor and the Mortgagee or (iv) the bankruptcy, reorganization or composition of the Debtor.

 

二十、通知:有關本約定及抵押權契約書之連絡通訊、請求或通知,應送交抵押人或債務人者,如由抵押權人以電話通知、以傳真發送或以書面而派人送遞或以普通郵件寄發至抵押人或債務人簽名欄所列之電話號碼、傳真號碼或地址,或抵押人或債務人另行以書面提供予抵押權人之電話號碼、傳真號碼或地址,即視為已依法送達。任何對抵押權人之連絡通訊、請求或通知,應以書面或傳真為之(以傳真方式發送者應另以書面確認之),並送達後列之抵押權人地址或傳真號碼(或其他抵押權人隨時以書面通知指定之地址或傳真號碼),且於抵押權人確實收到後,始生效力。

20.Notices.  Any communication, demand or notice to the Mortgagor or the Debtor with respect to the Terms and Conditions and the Mortgage Agreement shall be, deemed duly and properly made or given if made or given by telephone, fax or in writing delivered by hand or mailed by ordinary mail to the Mortgagor or the Debtor at the telephone number, address or fax number indicated after the Mortgagor’s or the Debtor's signature hereon, or at such other telephone number, address or fax number as the Mortgagor or the Debtor may designate by notice to the Mortgagee in writing. Any communication, demand or notice to the Mortgagee shall be made in writing or by fax (to be confirmed in writing) and delivered to the address or dispatched to the fax number of the Mortgagee as set out below (or to such other address or fax number as the Mortgagee may designate from time to time by notice in writing) and said notice to the Mortgagee shall be effective only upon the Mortgagee’s actual receipt thereof. 

 

二十一、塗銷登記:於借貸文件下之所有交易皆已完全終止且擔保債務皆已完全清償後,抵押權人應即發給清償證明並協助抵押人辦理抵押權塗銷登記,屆時,本約定及土地建築改良物抵押權契約書並即終止。

21. De-Registration. Upon termination of the transaction entered into under the Loan Documents and payment and repayment of the Indebtedness in full, the Mortgagee shall immediately issue a certificate to the Mortgagor and/or the Debtor to such effect and assist the Mortgagor to de-register the mortgage created under the Terms and Conditions and the Mortgage Agreement whereupon the Terms and Conditions and the Mortgage Agreement shall terminate.

 

二十二、登記費用:債務人及抵押人茲同意由其共同連帶負擔各項登記規費及辦理抵押設定之代辦費用。

22. Registration Fee. The Debtor and the Mortgagor hereby agree that all registration fees and other expenses incurred with respect to the registration of the Mortgaged Property shall be jointly and severally borne by the Debtor and the Mortgagor.

 

二十三、語言:本約定書得以中文及英文做成。但中文版與英文版之內容不一致時,以英文版為準。

23. Language, The Terms and Conditions may be executed in both Chinese and English. In the event of any discrepancy between the Chinese and English texts hereof and thereof, the English version shall govern.

 

二十四、存續期間:本約定書至擔保債務完全清償之日止失其效力。

24. Validity Period. This Agreement shall remain in force until the Indebtedness has been repaid.

 

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[The remainder of this page is intentionally left blank]

 

 

為茲證明,雙方當事人於首揭日期簽署本合約。

In WITNESS WHEREOF, the parties hereof have executed this Terms and Conditions as of the date first written above.

 

抵押權人Mortgagee:

			
	
J. R. Simplot Company

	
 
	
 
	
 

	
By:
	
 
	
/s/ Scott R. Simplot

	
Name:
	
 
	
Scott R. Simplot

	
Title:
	
 
	
Chairman of the Board

 

 

債務人Debtor:

					
	
SemiLEDs Corporation

	
 
	
 
	
 

	
By:
	
 
	
/s/Christopher Lee

	
姓名Name:
	
 
	
CHRISTOPHER LEE

	
職稱Title:
	
 
	
CHIEF FINANCIAL OFFIER

 

 

抵押人Mortgagor:

旭明光電股份有限公司(SemiLEDs Optoelectronics Co., Ltd.)

					
	
 
	
 
	
 

	
By:
	
 
	
/s/Chris Wang

	
姓名Name:
	
 
	
Chris Wang

	
職稱Title:
	
 
	
Vice PresidentEX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

PURCHASE CONTRACT AGREEMENT 

Dated as of January 11, 2019 

between 
 COLFAX
CORPORATION 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Purchase Contract Agent, 

as Attorney-in-Fact for the Holders from time to time as
provided herein 
 and as Trustee under the Indenture referred to herein 

 CONTENTS 
  

							
	 	 	 	  	Page	 
	 Article I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.01.
	 	Definitions	  	 	1	 
	 Section 1.02.
	 	Compliance Certificates and Opinions	  	 	14	 
	 Section 1.03.
	 	Notices	  	 	15	 
	 Section 1.04.
	 	Effect of Headings and Table of Contents	  	 	15	 
	 Section 1.05.
	 	Successors and Assigns	  	 	15	 
	 Section 1.06.
	 	Separability Clause	  	 	16	 
	 Section 1.07.
	 	Benefits of Agreement	  	 	16	 
	 Section 1.08.
	 	Governing Law	  	 	16	 
	 Section 1.09.
	 	Conflict with Indenture	  	 	16	 
	 Section 1.10.
	 	Legal Holidays	  	 	16	 
	 Section 1.11.
	 	Counterparts	  	 	16	 
	 Section 1.12.
	 	Inspection of Agreement	  	 	16	 
	 Section 1.13.
	 	Calculations	  	 	16	 
	 Section 1.14.
	 	UCC	  	 	17	 
	 Section 1.15.
	 	Waiver of Jury Trial	  	 	17	 
		
	 Article II UNIT AND PURCHASE CONTRACT FORMS
	  	 	17	 
			
	 Section 2.01.
	 	Forms of Units and Purchase Contracts Generally	  	 	17	 
	 Section 2.02.
	 	Form of Certificate of Authentication	  	 	18	 
	 Section 2.03.
	 	Global Securities; Separation of Units	  	 	18	 
	 Section 2.04.
	 	Recreation of Units	  	 	19	 
		
	 Article III THE UNITS AND PURCHASE CONTRACTS
	  	 	20	 
			
	 Section 3.01.
	 	Amount and Denominations	  	 	20	 
	 Section 3.02.
	 	Rights and Obligations Evidenced by the Equity-Linked Securities	  	 	20	 
	 Section 3.03.
	 	Execution, Authentication, Delivery and Dating	  	 	20	 
	 Section 3.04.
	 	Temporary Equity-Linked Securities	  	 	21	 
	 Section 3.05.
	 	Registration; Registration of Transfer and Exchange	  	 	22	 
	 Section 3.06.
	 	Book-Entry Interests	  	 	23	 
	 Section 3.07.
	 	Notices to Holders	  	 	23	 
	 Section 3.08.
	 	Appointment of Successor Depositary	  	 	24	 
	 Section 3.09.
	 	Definitive Securities	  	 	24	 
	 Section 3.10.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	24	 
	 Section 3.11.
	 	Persons Deemed Owners	  	 	26	 
	 Section 3.12.
	 	Cancellation	  	 	27	 
		
	 Article IV SETTLEMENT OF THE PURCHASE CONTRACTS
	  	 	28	 
	 Section 4.01.
	 	Settlement Rate	  	 	28	 

  
 i 

							
	 Section 4.02.
	 	Representations and Agreements of Holders	  	 	28	 
	 Section 4.03.
	 	Purchase Contract Settlement Fund	  	 	29	 
	 Section 4.04.
	 	Settlement Conditions	  	 	29	 
	 Section 4.05.
	 	Mandatory Settlement on the Mandatory Settlement Date	  	 	29	 
	 Section 4.06.
	 	Early Settlement	  	 	29	 
	 Section 4.07.
	 	Early Settlement Upon a Fundamental Change	  	 	31	 
	 Section 4.08.
	 	[Reserved]	  	 	33	 
	 Section 4.09.
	 	Merger Termination Redemption	  	 	33	 
	 Section 4.10.
	 	Acceleration of Mandatory Settlement Date	  	 	36	 
	 Section 4.11.
	 	Registration of Underlying Shares and Transfer Taxes	  	 	36	 
	 Section 4.12.
	 	Return of Purchase Contract Settlement Fund	  	 	36	 
	 Section 4.13.
	 	No Fractional Shares	  	 	37	 
		
	 Article V ADJUSTMENTS
	  	 	37	 
			
	 Section 5.01.
	 	Adjustments to the Fixed Settlement Rates	  	 	37	 
	 Section 5.02.
	 	Reorganization Events	  	 	46	 
		
	 Article VI CONCERNING THE HOLDERS OF PURCHASE CONTRACTS
	  	 	48	 
			
	 Section 6.01.
	 	Evidence of Action Taken by Holders	  	 	48	 
	 Section 6.02.
	 	Proof of Execution of Instruments and of Holding of Securities	  	 	49	 
	 Section 6.03.
	 	Purchase Contracts Deemed Not Outstanding	  	 	49	 
	 Section 6.04.
	 	Right of Revocation of Action Taken	  	 	49	 
	 Section 6.05.
	 	Record Date for Consents and Waivers	  	 	50	 
		
	 Article VII REMEDIES
	  	 	50	 
			
	 Section 7.01.
	 	Unconditional Right of Holders to Receive Shares of Common Stock	  	 	50	 
	 Section 7.02.
	 	Notice To Purchase Contract Agent; Limitation On Proceedings	  	 	50	 
	 Section 7.03.
	 	Restoration of Rights and Remedies	  	 	51	 
	 Section 7.04.
	 	Rights and Remedies Cumulative	  	 	51	 
	 Section 7.05.
	 	Delay or Omission Not Waiver	  	 	51	 
	 Section 7.06.
	 	Undertaking for Costs	  	 	51	 
	 Section 7.07.
	 	Waiver of Stay or Execution Laws	  	 	52	 
	 Section 7.08.
	 	Control by Majority	  	 	52	 
		
	 Article VIII THE PURCHASE CONTRACT AGENT AND TRUSTEE
	  	 	52	 
			
	 Section 8.01.
	 	Certain Duties and Responsibilities	  	 	52	 
	 Section 8.02.
	 	Notice of Default	  	 	53	 
	 Section 8.03.
	 	Certain Rights of Purchase Contract Agent	  	 	53	 
	 Section 8.04.
	 	Not Responsible for Recitals	  	 	55	 
	 Section 8.05.
	 	May Hold Units and Purchase Contracts	  	 	56	 
	 Section 8.06.
	 	Money Held in Custody	  	 	56	 
	 Section 8.07.
	 	Compensation, Reimbursement and Indemnification	  	 	56	 
	 Section 8.08.
	 	Corporate Purchase Contract Agent Required; Eligibility	  	 	57	 

  
 ii 

							
	 Section 8.09.
	 	Resignation and Removal; Appointment of Successor	  	 	57	 
	 Section 8.10.
	 	Acceptance of Appointment by Successor	  	 	58	 
	 Section 8.11.
	 	Merger; Conversion; Consolidation or Succession to Business	  	 	59	 
	 Section 8.12.
	 	Preservation of Information; Communications to Holders	  	 	59	 
	 Section 8.13.
	 	No Other Obligations of Purchase Contract Agent or Trustee	  	 	59	 
	 Section 8.14.
	 	Tax Compliance	  	 	59	 
		
	 Article IX SUPPLEMENTAL AGREEMENTS
	  	 	60	 
			
	 Section 9.01.
	 	Supplemental Agreements Without Consent of Holders	  	 	60	 
	 Section 9.02.
	 	Supplemental Agreements with Consent of Holders	  	 	61	 
	 Section 9.03.
	 	Execution of Supplemental Agreements	  	 	61	 
	 Section 9.04.
	 	Effect of Supplemental Agreements	  	 	62	 
	 Section 9.05.
	 	Reference to Supplemental Agreements	  	 	62	 
	 Section 9.06.
	 	Notice of Supplemental Agreements	  	 	62	 
		
	 Article X CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	62	 
			
	 Section 10.01.
	 	Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions	  	 	62	 
	 Section 10.02.
	 	Rights and Duties of Successor Entity	  	 	63	 
	 Section 10.03.
	 	Officer’s Certificate and Opinion of Counsel Given to Purchase Contract Agent	  	 	63	 
		
	 Article XI COVENANTS OF THE COMPANY
	  	 	63	 
			
	 Section 11.01.
	 	Performance Under Purchase Contracts	  	 	63	 
	 Section 11.02.
	 	Maintenance of Office or Agency	  	 	64	 
	 Section 11.03.
	 	Statements of Officers of the Company as to Default; Notice of Default	  	 	64	 
	 Section 11.04.
	 	Existence	  	 	64	 
	 Section 11.05.
	 	Company to Reserve Common Stock	  	 	64	 
	 Section 11.06.
	 	Covenants as to Common Stock	  	 	64	 
	 Section 11.07.
	 	Tax Treatment	  	 	65	 
			
	 EXHIBIT A
	 		  	 	A-1	 
			
	 EXHIBIT B
	 		  	 	B-1	 

  
 iii 

 PURCHASE CONTRACT AGREEMENT, dated as of January 11, 2019 between COLFAX CORPORATION, a
Delaware corporation (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association acting as purchase contract agent and
attorney-in-fact for the Holders of Purchase Contracts (as defined herein) from time to time (the “Purchase Contract Agent”) and as trustee under the
Indenture (as defined herein). 
 RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Agreement and the Units and Purchase Contracts issuable hereunder. 

All things necessary to make the Units and the Purchase Contracts, when such are executed by the Company, and authenticated on behalf of the Holders and
delivered by the Purchase Contract Agent, as provided in this Agreement, the valid obligations of the Company and to constitute this Agreement a valid agreement of the Company, in accordance with its terms, have been done. For and in consideration
of the premises and the purchase of the Units (including the constituent parts thereof) by the Holders thereof, it is mutually agreed as follows: 

ARTICLE I 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.01. Definitions. For all purposes of this Agreement, except as
otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to
them in this Article and include the plural as well as the singular, and nouns and pronouns of the masculine gender include the feminine and neuter genders; 

(b) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with current generally accepted
accounting principles in the United States; 
 (c) the words “herein,” “hereof” and “hereunder” and other words
of similar import refer to this Agreement as a whole and not to any particular Article, Section, Exhibit or other subdivision; and 
 (d) the
following terms have the meanings given to them in this Section 1.01(d): 
 “Acceleration Date” has the meaning set
forth in Section 4.10. 
 “Affiliate” means, when used with reference to a specified Person, any Person directly or
indirectly controlling, or controlled by or under direct or indirect common control with the Person specified. 

“Agreement” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or
more agreements supplemental hereto entered into pursuant to the applicable provisions hereof. 

 “Applicable Market Value” (i) with respect to Common Stock, means the
arithmetic average of the Daily VWAPs of the Common Stock on each of the 20 consecutive Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date, subject to adjustment as
provided in Article 5 and (ii) with respect to any Exchange Property, has the meaning set forth in Section 5.02(a). 

“Applicants” has the meaning set forth in Section 8.12(b). 

“Bankruptcy Event” means the occurrence of one or more of the following events: 

(a) a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company a bankrupt or insolvent
entity, or approving as properly filed a petition seeking reorganization of the Company under any Bankruptcy Law and if such decree or order shall have been entered more than 90 days prior to the last Trading Day of the 20 consecutive Trading
Day period during which the Applicable Market Value is determined, such decree or order shall have continued undischarged and unstayed for a period of 90 days; 

(b) a decree or order by a court having jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee (or
other similar official) in bankruptcy or insolvency of the Company or of all or substantially all of its property, or for the winding up or liquidation of its affairs, shall have been entered and if such decree or order shall have been entered more
than 90 days prior to the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined, such decree or order shall have continued undischarged and unstayed for a period of 90 days; or 

(c) the Company shall institute proceedings to be adjudicated a voluntary bankrupt, or shall consent to the filing of a bankruptcy proceeding
against it, or shall file a petition or answer or consent seeking reorganization under any Bankruptcy Law, or shall consent to the filing of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or assignee
(or other similar official) in bankruptcy or insolvency of it or of its property, or shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due. 

“Bankruptcy Law” means title 11 of the United States Code, as amended, or any similar federal or state law for the relief of
debtors. 
 “Beneficial Holder” means, with respect to a Book-Entry Interest, a Person who is the beneficial owner of such
Book-Entry Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with the Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with the rules of
the Depositary). 
 “Board of Directors” means the board of directors of the Company or any duly authorized committee of
that board or any director or directors and/or, with respect to the Notes, any officer or officers to whom that board or committee shall have duly delegated its authority. 

  
 2 

 “Board Resolution” means (a) one or more resolutions, certified by the
secretary or an assistant secretary of the Company to have been duly adopted or consented to by the Board of Directors and to be in full force and effect, or (b), with respect to the Notes, a certificate signed by the director or directors and/or
officer or officers to whom the Board of Directors or any duly authorized committee of that Board shall have duly delegated its authority, in each case, delivered to the Purchase Contract Agent. 

“Book-Entry Interest” means a beneficial interest in a Global Security, registered in the name of a Depositary or a nominee
thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary as described in Section 3.06. 

“Business Day” means any day other than a Saturday, Sunday or any day on which banking institutions in New York, New York are
authorized or obligated by applicable law or executive order to close or be closed. 
 “Capital Stock” means, with respect
to any Person, any and all shares, interests, participations or other equivalents (however designated) of or in such Person’s capital stock or other equity interests, and options, rights or warrants to purchase such capital stock or other
equity interests, whether now outstanding or issued after the Issue Date. 
 “Certificate of Incorporation” means the
Amended and Restated Certificate of Incorporation of the Company as in effect on the Issue Date. 
 “Clearing Agency” means
an organization registered as a “Clearing Agency” pursuant to Section 17A of the Exchange Act. 
 “close of
business” means 5:00 p.m. (New York City time). 
 “Code” means the Internal Revenue Code of 1986 (title 26 of the
United States Code), as amended from time to time. 
 “Common Stock” means the common stock, par value $0.001 per share, of
the Company as it existed on the date of this Agreement, subject to Section 5.02. 
 “Company” means the Person named
as the “Company” in the first paragraph of this Agreement until a successor shall have become such pursuant to Article 10, and thereafter “Company” shall mean such successor or the issuer of any Exchange Property, as the context
may require. 
 “Component Note” means a Note, in global form and attached to a Global Unit, that (a) shall evidence
the number of Notes specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the security register for the Notes in the name of the Purchase Contract Agent, as
attorney-in-fact of holder(s) of the Units of which such Notes form a part, and (c) shall be held by the Purchase Contract Agent as
attorney-in-fact of such holder(s), together with such Global Unit, as custodian of such Global Unit for the Depositary. 

  
 3 

 “Component Purchase Contract” means a Purchase Contract, in global form and
attached to a Global Unit, that (a) shall evidence the number of Purchase Contracts specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the Security Register in the name of the
Purchase Contract Agent, as attorney-in-fact of holder(s) of the Units of which such Purchase Contract forms a part, and (c) shall be held by the Purchase Contract
Agent as attorney-in-fact of such holder(s), together with such Global Unit, as custodian of such Global Unit for the Depositary. 

“control” when used with respect to any Person, means the power to direct the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Corporate Trust Office” means the principal corporate trust office of the Purchase Contract Agent at which, at any
particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at Goodwin Square, 225 Asylum Street, 23rd Floor, Hartford, CT 06103. 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Daily VWAP” of the Common Stock on any Trading Day means such price per share as displayed under the heading “Bloomberg
VWAP” on Bloomberg (or any successor service) page CFX <Equity> AQR (or its equivalent successor if such page is not available) in respect of the period from the scheduled open to 4:00 p.m., New York City time, on such Trading Day; or, if
such price is not available, the market value per share of the Common Stock on such Trading Day as determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained by the Company for this
purpose. The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours. 

“default” means any failure to comply with terms of this Agreement or any covenant contained herein. 

“Definitive Equity-Linked Security” means an Equity-Linked Security in definitive form. 

“Definitive Security” means any Security in definitive form. 

“Depositary” means a Clearing Agency that is acting as a depositary for the
Equity-Linked Securities and in whose name, or in the name of a nominee of that organization, shall be registered one or more Global Securities and which shall undertake to effect book-entry transfers of the
Equity-Linked Securities as contemplated by Section 3.06, Section 3.07, Section 3.08 and Section 3.09. 

“Depositary Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time
the Depositary effects book-entry transfers of securities deposited with the Depositary. 

  
 4 

 “Determination Date” means each of (a) in the case of (x) a
settlement of Purchase Contracts on the Mandatory Settlement Date or (y) a Merger Termination Redemption if the Merger Termination Redemption Stock Price is greater than the Reference Price and the Company elected to pay cash in lieu of a
portion of any shares of Common Stock that would otherwise be included in the Redemption Amount, the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value or Merger Termination Redemption Market Value, as
the case may be, is determined, (b) any Early Settlement Date, (c) any Fundamental Change Early Settlement Date, (d) the date of any Merger Termination Redemption Notice, if the Company elected (or is deemed to have elected) to settle
the Redemption Amount solely by delivering shares of Common Stock, and (e) the day immediately preceding any Acceleration Date. 

“DTC” means The Depository Trust Company. 

“Early Settlement” means, in respect of any Purchase Contract, that the Holder of such Purchase Contract has elected to
settle such Purchase Contract early pursuant to Section 4.06 or Section 4.07, as the case may be. 
 “Early Settlement
Date” has the meaning set forth in Section 4.06(c). 
 “Early Settlement Notice” has the meaning set forth in
Section 4.06(b)(i). 
 “Early Settlement Rate” means, for any Purchase Contract in respect of which Early Settlement
is applicable, the Minimum Settlement Rate on the Early Settlement Date, unless (i) the Holder of such Purchase Contract has elected to settle such Purchase Contract early in connection with a Fundamental Change pursuant to Section 4.07,
in which case the “Early Settlement Rate” for such Purchase Contract means the Fundamental Change Early Settlement Rate, subject to adjustment as described in Section 5.01, (ii) the Holder of such Purchase Contract has elected
to settle such Purchase Contract early with an Early Settlement Date that occurs on or prior to January 15, 2020 (other than, for the avoidance of doubt, any such election in connection with a Fundamental Change), in which case the Holder will
receive upon settlement of such Purchase Contract a number of shares of Common Stock per Purchase Contract equal to 90% of the Minimum Settlement Rate on the Early Settlement Date; or (iii) the Holder of such Purchase Contract has elected to
settle such Purchase Contract early with an Early Settlement Date that occurs after January 15, 2020 and on or prior to January 15, 2021 (other than, for the avoidance of doubt, any such election in connection with a Fundamental Change),
in which case the Holder will receive upon settlement of such Purchase Contract a number of shares of Common Stock per Purchase Contract equal to 95% of the Minimum Settlement Rate on the Early Settlement Date, subject to adjustment as described in
Section 5.01. 
 “Early Settlement Right” has the meaning set forth in Section 4.06(a). 

“Effective Date” has the meaning set forth in Section 4.07(d). 

“Equity-Linked Security” means a Unit or a Purchase Contract, as applicable. 

  
 5 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and
any statute successor thereto, in each case as amended from time to time, together with the rules and regulations promulgated thereunder. 

“Exchange Property” has the meaning set forth in Section 5.02(a). 

“Ex-Date” when used with respect to any issuance or distribution, means the first
date on which the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question from the Company or, if applicable, from the seller
of the Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market. 

“Fair Market Value” means, with respect to any asset, the price (after taking into account any liabilities relating to such
assets) that would be negotiated in an arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of which is under any compulsion to complete the transaction, as
such price is determined in good faith by the Board of Directors, as evidenced by a Board Resolution. 
 “Fixed Settlement
Rate” has the meaning set forth in Section 4.01(c). 
 A “Fundamental Change” shall be deemed to have
occurred upon the occurrence of any of the following: 
 (a) any “person” or “group” within the meaning of
Section 13(d) of the Exchange Act, other than the Company, any of its Subsidiaries and any of the Company’s and its Subsidiaries’ employee benefit plans, files a Schedule TO or any other schedule, form or report under the Exchange Act
disclosing that such person or group has become the direct or indirect “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the outstanding shares of the Common
Stock; 
 (b) the consummation of (A) any recapitalization, reclassification or change of the Common Stock (other than changes resulting
from a subdivision or combination) as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets; (B) any share exchange, consolidation or merger of the Company pursuant to
which the Common Stock will be converted into cash, securities or other property or assets; or (C) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the
Company and its Subsidiaries, taken as a whole, to any person other than one of the Company’s Wholly Owned Subsidiaries; 
 (c) the
Common Stock (or other common stock receivable upon settlement of the Purchase Contracts, if applicable) ceases to be listed or quoted on any of the NYSE, the NASDAQ Global Select Market or the NASDAQ Global Market (or any of their respective
successors); or 
 (d) the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company. 

  
 6 

 A transaction or transactions described in clause (b) above shall not constitute a
Fundamental Change, however, if at least 90% of the consideration received or to be received by the common stockholders of the Company (excluding cash payments for fractional shares) in connection with such transaction or transactions consists of
shares of common stock that are listed on any of the NYSE, the NASDAQ Global Select Market or the NASDAQ Global Market (or any of their respective successors), or will be so listed when issued or exchanged in connection with such transaction or
transactions, and as a result of such transaction or transactions such consideration becomes the consideration receivable upon settlement of the Purchase Contracts, if applicable, excluding cash payments for fractional shares. 

For purposes of the immediately preceding paragraph, any transaction that constitutes a Fundamental Change pursuant to both clause
(a) and (b) of the definition thereof (prior to giving effect to the exception set forth in the immediately preceding paragraph) shall be deemed to be a transaction solely under clause (b) of such definition (and, for the avoidance of
doubt, will be subject to the exception set forth in the immediately preceding paragraph). 
 If any transaction in which the Common Stock
is replaced by the securities of another Person occurs, following completion of any related Fundamental Change Early Settlement Period (or, in the case of a transaction that would have been a Fundamental Change but for the second immediately
preceding paragraph, following the Effective Date of such transaction), references to the Company in the definition of “Fundamental Change” above shall instead be references to such other Person. 

“Fundamental Change Early Settlement Date” has the meaning set forth in Section 4.07(b). 

“Fundamental Change Early Settlement Period” has the meaning set forth in Section 4.07(a). 

“Fundamental Change Early Settlement Rate” has the meaning set forth in Section 4.07(d). 

“Fundamental Change Early Settlement Right” has the meaning set forth in Section 4.07(a). 

“Global Note” means a Note, as defined in the Indenture, in global form that (a) shall evidence the number of Separate
Notes specified therein, (b) shall be registered on the security register for the Notes in the name of the Depositary or its nominee, and (c) shall be held by the Trustee as custodian for the Depositary. 

“Global Purchase Contract” means a Purchase Contract in global form that (a) shall evidence the number of Separate
Purchase Contracts specified therein, (b) shall be registered on the Security Register in the name of the Depositary or its nominee, and (c) shall be held by the Purchase Contract Agent as custodian for the Depositary. 

“Global Security” means a Global Unit, a Global Purchase Contract or a Global Note, as applicable. 

  
 7 

 “Global Unit” means a Unit in global form that (a) shall evidence the
number of Units specified therein, (b) shall be registered on the Security Register in the name of the Depositary or its nominee, (c) shall include, as attachments thereto, a Component Note and a Component Purchase Contract, evidencing,
respectively, a number of Notes and a number of Purchase Contracts, in each case, equal to the number of Units evidenced by such Unit in global form, and (d) shall be held by the Purchase Contract Agent as custodian for the Depositary. 

“Holder” means, with respect to a Unit or Purchase Contract, the Person in whose name the Unit or Purchase Contract, as the
case may be, is registered in the Security Register, and with respect to a Note, the Person in whose name the Note is registered as provided for in the Indenture. 

“Indenture” means the Indenture, dated as of January 11, 2019, between the Company and the Trustee (including any
provisions of the TIA that are deemed incorporated therein), as supplemented by the First Supplemental Indenture, to be dated as of the Issue Date, between the Company and the Trustee, pursuant to which the Notes will be issued. 

“Installment Payment” has the meaning set forth in the Indenture. 

“Issue Date” means January 11, 2019. 

“Issuer Order” means a written statement, request or order of the Company, which is signed in its name by the chairman of the
Board of Directors, the chief financial officer, the president or chief executive officer, any senior vice president, any vice president or the treasurer of the Company, and delivered to the Purchase Contract Agent and/or the Trustee. 

“Last Reported Sale Price” means with respect to a share of Common Stock on any date the closing sale price per share (or if
no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite transactions for the principal U.S.
national or regional securities exchange on which the Common Stock is traded; or if the Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, the last quoted bid price for the Common Stock in
the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or a similar organization; or if the Common Stock is not so quoted, the average of
the mid-point of the last bid and ask prices for the Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company for this
purpose. 
 “Mandatory Settlement Date” means the Scheduled Mandatory Settlement Date, subject to acceleration pursuant to
Section 4.10; provided that, if one or more of the 20 consecutive Scheduled Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date is not a Trading Day,
the “Mandatory Settlement Date” shall be postponed until the second Scheduled Trading Day immediately following the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined; provided,
further that, if such date is not a Scheduled Trading Day, the next succeeding Scheduled Trading Day shall be the “Mandatory Settlement Date”. 

  
 8 

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

“Maximum Redemption Rate” has the meaning set forth in Section 4.09(e). 

“Maximum Settlement Rate” has the meaning set forth under Section 4.01(b)(iii), subject to adjustment pursuant to the
terms of Article 5. 
 “Merger” means the merger of Motion Merger Sub, Inc., a company organized under the laws of the
State of Delaware and a wholly owned subsidiary of the Company, with and into DJO Global, Inc., a company organized under the laws of the State of Delaware, pursuant to the Merger Agreement. 

“Merger Agreement” means that certain Agreement and Plan of Merger, dated as of November 19, 2018, between DJO Global,
Inc., a Delaware Corporation, the Company, Motion Merger Sub, Inc., a Delaware corporation, and solely in its capacity as the Securityholder Representative, Grand Slam Holdings, LLC, a Delaware limited liability company. 

“Merger Common Stock” has the meaning set forth in Section 5.02(e). 

“Merger Termination Redemption” has the meaning set forth in Section 4.09(a). 

“Merger Termination Redemption Market Value” means the arithmetic average of the Daily VWAPs of the Common Stock for the 20
consecutive Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Scheduled Merger Termination Redemption Settlement Date. 

“Merger Termination Redemption Notice” has the meaning set forth in Section 4.09(a). 

“Merger Termination Redemption Rate” has the meaning set forth in Section 4.09(d). 

“Merger Termination Redemption Settlement Date” means, with respect to any Merger Termination Redemption: (i) if (x) the
Merger Termination Redemption Stock Price is greater than the Reference Price and (y) the Company elects to pay cash in lieu of delivering any or all shares of Common Stock that would otherwise be included in the Redemption Amount, the second
Business Day following the last Trading Day of the 20 consecutive Trading Day period used to determine the Merger Termination Redemption Market Value; or (ii) otherwise, the Scheduled Merger Termination Redemption Settlement Date specified in
the Merger Termination Redemption Notice. 

  
 9 

 “Merger Termination Redemption Stock Price” means the arithmetic average of
the Daily VWAPs of the Common Stock over the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of the related Merger Termination Redemption Notice. 

“Minimum Redemption Rate” has the meaning set forth in Section 4.09(e). 

“Minimum Settlement Rate” has the meaning set forth under Section 4.01(b)(i), subject to adjustment pursuant to the
terms of Article 5. 
 “Minimum Stock Price” has the meaning set forth under Section 4.07(f). 

“Notes” means the series of notes designated as the 6.50% Senior Amortizing Notes due 2022 to be issued by the Company under
the Indenture, and “Note” means each note of such series having an initial principal amount of $15.6099. 

“NYSE” means the New York Stock Exchange. 

“Officer’s Certificate” means a certificate signed by the chairman of the Board of Directors, the president or chief
executive officer, the chief financial officer, any vice president, the treasurer, any assistant treasurer, the controller, any assistant controller, the secretary or any assistant secretary of the Company; except that the Officers’ Certificate
described in Section 11.03 shall be signed by the principal executive officer, principal financial officer or principal accounting officer of the Company. Each such certificate shall include the statements provided for in Section 1.02 if
and to the extent required by the provisions of such Section 1.02. 
 “open of business” means 9:00 a.m. (New York
City time). 
 “Opinion of Counsel” means an opinion in writing signed by the chief counsel of the Company or by such other
legal counsel who may be an employee of or counsel to the Company and who shall be reasonably satisfactory to the Purchase Contract Agent and/or the Trustee, as applicable. Each such opinion shall include the statements provided for in
Section 1.02 if and to the extent required by the provisions of such Section 1.02. 
 “Outstanding Purchase
Contracts” means, subject to the provisions of Section 6.03, as of the date of determination, all Purchase Contracts theretofore executed, authenticated on behalf of the Holder and delivered under this Agreement (including, for the
avoidance of doubt, Purchase Contracts held as a component of Units and Separate Purchase Contracts), except: 
 (a) Purchase Contracts
theretofore cancelled by the Purchase Contract Agent or delivered to the Purchase Contract Agent for cancellation or deemed cancelled pursuant to the provisions of this Agreement; and 

(b) Purchase Contracts in exchange for or in lieu of which other Purchase Contracts have been executed, authenticated on behalf of the Holder
and delivered pursuant to this Agreement, other than any such Purchase Contract in respect of which there shall have been presented to the Purchase Contract Agent proof satisfactory to it that such Purchase Contract is held by a protected purchaser
in whose hands the Purchase Contracts are valid obligations of the Company. 

  
 10 

 “Person” means any individual, corporation, limited liability company,
partnership, joint venture, association, joint stock company, trust, estate, unincorporated organization or government or any agency or political subdivision thereof. 

“Prospectus Supplement” means the amended preliminary prospectus supplement dated January 8, 2019, as supplemented by
the related pricing term sheet dated January 8, 2019, relating to the offering and sale of the Units. 
 “Purchase
Contract” means a prepaid stock purchase contract obligating the Company to deliver shares of Common Stock on the terms and subject to the conditions set forth herein. 

“Purchase Contract Agent” means the Person named as the “Purchase Contract Agent” in the first paragraph of this
Agreement until a successor Purchase Contract Agent shall have become such pursuant to Article 8, and thereafter “Purchase Contract Agent” shall mean such Person. 

“Purchase Contract Settlement Fund” has the meaning set forth in Section 4.03. 

“Record Date” means, when used with respect to any dividend, distribution or other transaction or event in which the holders
of the Common Stock have the right to receive any cash, securities or other property or in which the Common Stock is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of holders
of the Common Stock entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors or by statute, contract or otherwise). 

“Redemption Amount” has the meaning set forth in Section 4.09(c). 

“Reference Price” means the Stated Amount, divided by the Maximum Settlement Rate, which as of the Issue Date is
approximately equal to $20.81. 
 “Reorganization Event” has the meaning set forth in Section 5.02(a). 

“Repurchase Date” has the meaning set forth in the Indenture. 

“Repurchase Price” has the meaning set forth in the Indenture. 

“Repurchase Right” has the meaning set forth in the Indenture. 

“Responsible Officer” means any officer of the Purchase Contract Agent with direct responsibility for the administration of
this Agreement. 
 “Scheduled Mandatory Settlement Date” means January 15, 2022. 

  
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 “Scheduled Merger Termination Redemption Settlement Date” means, with
respect to any Merger Termination Redemption: (i) if (x) the Merger Termination Redemption Stock Price is greater than the Reference Price and (y) the Company elects to pay cash in lieu of delivering any or all of the shares of Common
Stock that would otherwise be included in the Redemption Amount, a date, as specified by the Company in the relevant Merger Termination Redemption Notice, that is at least 25 and no more than 35 Scheduled Trading Days after the date of the Merger
Termination Redemption Notice; or (ii) otherwise, a date, as specified by the Company in the relevant Merger Termination Redemption Notice, that is at least 10 and no more than 15 Business Days after the date of the Merger Termination
Redemption Notice. 
 “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the NYSE or, if the
Common Stock is not then listed on the NYSE, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange,
on the principal other market on which the Common Stock then traded. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day. 

“Securities Act” means the Securities Act of 1933, as amended, and any statute successor thereto, in each case as amended
from time to time, and the rules and regulations promulgated thereunder. 
 “Security” means a Unit, a Purchase Contract or
a Note, as applicable. 
 “Security Register” has the meaning set forth in Section 3.05. 

“Security Registrar” has the meaning set forth in Section 3.05. 

“Separate Note” has the meaning set forth in Section 2.03(a). 

“Separate Purchase Contract” has the meaning set forth in Section 2.03(a). 

“Settlement Date” means (i) the second Business Day following any Fundamental Change Early Settlement Date,
(ii) the second Business Day following any Early Settlement Date, (iii) any Merger Termination Redemption Settlement Date, or (iv) the Mandatory Settlement Date. 

“Settlement Rate” has the meaning set forth in Section 4.01(b). 

“Spin-Off” means the Company makes a distribution to all or substantially all holders
of Common Stock consisting of Capital Stock of, or similar equity interests in, or relating to, a Subsidiary or other business unit of the Company that are or, upon issuance, will be, listed or quoted on a U.S. national securities exchange. 

“Stated Amount” means $100. 

“Stock Price” has the meaning set forth in Section 4.07(d). 

“Subsidiary” of any Person means any corporation or other entity of which a majority of the Capital Stock having ordinary
voting power to elect a majority of the board of directors or other Persons performing similar functions of such corporation or other entity is at the time directly or indirectly owned or controlled by such Person. 

  
 12 

 “Tender Offer Expiration Date” has the meaning set forth in
Section 5.01(a)(v). 
 “Tender Offer Expiration Time” has the meaning set forth in Section 5.01(a)(v)(A)(2). 

“Threshold Appreciation Price” means an amount equal to the Stated Amount, divided by the Minimum Settlement Rate,
which as of the Issue Date is approximately equal to $25.00. 
 “TIA” means the Trust Indenture Act of 1939, as amended
from time to time. 
 “Trading Day” means: 

(a) for purposes of determining any consideration due at settlement of a Purchase Contract, a day on which (i) there is no Market
Disruption Event and (ii) trading in the Common Stock (or other security for which a Daily VWAP must be determined) generally occurs on the NYSE or, if the Common Stock (or such other security) is not then listed on the NYSE, on the principal
other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the
principal other market on which the Common Stock (or such other security) is then traded, or if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day; and 

(b) for all other purposes (including, for the avoidance of doubt, Section 5.01), a day on which (i) trading in the Common Stock (or
other security for which a closing sale price must be determined) generally occurs on the NYSE or, if the Common Stock (or such other security) is not then listed on the NYSE, on the principal other U.S. national or regional securities exchange on
which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such
other security) is then traded, and (ii) a Last Reported Sale Price for the Common Stock (or closing sale price for such other security) is available on such securities exchange or market, or if the Common Stock (or such other security) is not
so listed or traded, “Trading Day” means a Business Day. 
 “Trustee” means U.S. Bank National
Association, as trustee under the Indenture, or any successor thereto. 
 “Unit” means the collective rights of a Holder of
a unit consisting of a single Purchase Contract and a single Note prior to separation pursuant Section 2.03 or subsequent to recreation pursuant to Section 2.04. 

“Underwriters” means J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC, as representatives of the several
underwriters listed on Schedule 1 of the Underwriting Agreement. 
 “Underwriting Agreement” means that certain
Underwriting Agreement, dated as of January 8, 2019 among the Company and the Underwriters. 

  
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 “Valuation Period” has the meaning set forth in
Section 5.01(a)(iii)(B)(1). 
 “Wholly Owned Subsidiary” means, with respect to any Person, any Subsidiary of such
Person, except that, solely for the purposes of this definition, the reference to “a majority of the Capital Stock” in the definition of “Subsidiary” shall be deemed replaced by a reference to “all of the Capital
Stock”. 
 Section 1.02. Compliance Certificates and Opinions. Except as otherwise expressly provided by this Agreement,
upon any application or request by the Company to the Purchase Contract Agent and/or Trustee to take any action in accordance with any provision of this Agreement, the Company shall furnish to the Purchase Contract Agent and/or Trustee, as
applicable, an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel,
all such conditions precedent, if any, have been complied with. 
 Every Officer’s Certificate or opinion with respect to compliance
with a condition or covenant provided for in this Agreement shall include: 
 (i) a statement that the person signing such
Officer’s Certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

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

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

Any certificate, statement or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or
opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters, on information with respect to which is in the possession of the Company as
applicable, upon the certificate, statement or opinion of or representations by an officer or officers of the Company unless such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which his
certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 

  
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 Any certificate, statement or opinion of an officer of the Company, as applicable, or of
counsel may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company, as applicable, unless such officer or counsel, as the case
may be, knows that the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that
the same are erroneous. 
 Any certificate or opinion of any independent firm of public accountants filed with and directed to the Trustee
shall contain a statement that such firm is independent. 
 Section 1.03. Notices. Any notice or demand which by any provision
of this Agreement is required or permitted to be given or served by the Purchase Contract Agent or by the Holders to or on the Company may be given or served by being deposited postage prepaid, first class mail (except as otherwise specifically
provided herein) addressed (until another address of the Company is filed by the Company with the Purchase Contract Agent) to Colfax Corporation, 420 National Business Parkway, 5th Floor, Annapolis Junction, Maryland 20701. Any notice, direction,
request or demand by the Company or any Holder to or upon the Purchase Contract Agent or the Trustee shall be deemed to have been sufficiently given or served by being deposited postage prepaid, first class mail (except as otherwise specifically
provided herein) addressed (until another address of the Purchase Contract Agent or Trustee is filed by the Purchase Contract Agent or Trustee with the Company) to U.S. Bank National Association, Goodwin Square, 225 Asylum Street, 23rd Floor,
Hartford CT 06103, Attention: Corporate Trust Services, re: Colfax Corporation. 
 Where this Agreement provides for notice to Holders, such
notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first class postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security Register; provided,
however, that, in the case of a Global Unit or Global Purchase Contract, electronic notice may be given to the Depositary, as the Holder thereof, in accordance with the applicable procedures of the Depositary. Where this Agreement provides for
notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Purchase Contract Agent, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

In case, by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice to the Company
when such notice is required to be given pursuant to any provision of this Agreement, then any manner of giving such notice as shall be reasonably satisfactory to the Purchase Contract Agent shall be deemed to be sufficient notice. 

Section 1.04. Effect of Headings and Table of Contents. The Article and Section headings herein and in the Table of Contents are
for convenience only and shall not affect the construction hereof. 
 Section 1.05. Successors and Assigns. All covenants and
agreements in this Agreement by the Company and the Purchase Contract Agent shall bind their respective successors and assigns, whether so expressed or not. 

  
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 Section 1.06. Separability Clause. In case any provision in this Agreement or in
the Purchase Contracts shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof and thereof shall not in any way be affected or impaired thereby. 

Section 1.07. Benefits of Agreement. Nothing contained in this Agreement or in the Purchase Contracts, express or implied, shall
give to any Person, other than the parties hereto and their successors hereunder and, to the extent provided hereby, the Holders, any benefits or any legal or equitable right, remedy or claim under this Agreement. The Holders from time to time shall
be beneficiaries of this Agreement and shall be bound by all of the terms and conditions hereof and of the Purchase Contracts by their acceptance of delivery of such Purchase Contracts. 

Section 1.08. Governing Law. This Agreement, the Units and the Purchase Contracts shall be governed by, and construed in
accordance with, the laws of the State of New York. 
 Section 1.09. Conflict with Indenture. To the extent that any provision
of this Purchase Contract Agreement relating to the Notes conflicts with or is inconsistent with the Indenture, the Indenture shall govern. 

Section 1.10. Legal Holidays. In any case where any Settlement Date shall not be a Business Day, notwithstanding any other
provision of this Agreement or the Purchase Contracts, the settlement or redemption of the Purchase Contracts shall not be effected on such date, but instead shall be effected on the next succeeding Business Day with the same force and effect as if
made on such Settlement Date, and no interest or other amounts shall accrue or be payable by the Company or to any Holder in respect of such delay. 

Section 1.11. Counterparts. This Agreement may be executed in any number of counterparts by the parties hereto on separate
counterparts, each of which, when so executed and delivered, shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 

Section 1.12. Inspection of Agreement. Unless a conformed copy of this Agreement has been filed on the EDGAR system of the U.S.
Securities and Exchange Commission, a copy of this Agreement shall be available at all reasonable times during normal business hours at Colfax Corporation, 420 National Business Parkway,
5th Floor, Annapolis Junction, MD 20701 for inspection by any Holder or Beneficial Holder. 

Section 1.13. Calculations. The solicitation of any necessary bids and the performance of any calculations to be made hereunder
and under the Units and Purchase Contracts shall be the sole obligation of the Company, and the Purchase Contract Agent shall have no obligation to make, review or verify such calculations. These calculations include, but are not limited to,
determination of the applicable Settlement Rate, the Fixed Settlement Rates, the Early Settlement Rate, the Merger Termination Redemption Rate, the Fundamental Change Early Settlement Rate, the Applicable Market Value, the Merger Termination
Redemption Market Value, the Last Reported Sale Price and the Daily VWAP, as the case may be. All such calculations made by the Company or its agent hereunder shall be made in good faith and, absent manifest error, be final and binding on the
Purchase Contract Agent, the Trustee, each Paying Agent and the Holders. 

  
 16 

 
For any calculations to be made by the Company or its agent hereunder, the Company shall provide a schedule of such calculations to the Purchase Contract Agent and the Trustee, and each of the
Purchase Contract Agent and the Trustee shall be entitled to conclusively rely upon the accuracy of the calculations by the Company or its agent without independent verification, shall have no liability with respect thereto and shall have no
liability to the Holders for any loss any of them may incur in connection with no independent verification having been done. Furthermore, the Purchase Contract Agent shall not be under any duty or responsibility to determine whether any facts exist
which may require any adjustment hereunder, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed. 

Section 1.14. UCC. Each Purchase Contract (whether or not included in a Unit) is a security governed by Article 8 of the Uniform
Commercial Code as in effect in the State of New York on the date hereof. 
 Section 1.15. Waiver of Jury Trial. Each party
hereto waives its respective rights to trial by jury in any action or proceeding arising out of or related to the Purchase Contracts, this Agreement or the transactions contemplated hereby, to the maximum extent permitted by law. 

ARTICLE II 
 UNIT AND
PURCHASE CONTRACT FORMS 
 Section 2.01. Forms of Units and Purchase Contracts Generally. (a) The Units and Purchase
Contracts shall be in substantially the forms set forth in Exhibit A and Exhibit B hereto, respectively, which shall be incorporated in and made a part of this Purchase Contract Agreement, with such letters, numbers or other marks of identification
or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units or Purchase Contracts, as the case may be, are (or may in the future be) listed
or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Units and Purchase Contracts, as the case may be, as evidenced by their execution thereof. 

(b) The Units and Purchase Contracts shall be issuable only in registered form and only in denominations of a single Unit or
Purchase Contract, as the case may be, and any integral multiple thereof. 
 (c) The Units will initially be issued in the
form of one or more fully registered Global Units as set forth in Section 3.06. The Purchase Contracts will initially be issued as Component Purchase Contracts substantially in the form of Attachment 3 to the form of Global Unit attached as
Exhibit A hereto, and will be attached to the related Global Unit and registered in the name of U.S. Bank National Association, as attorney-in-fact of the holder(s) of
such Global Unit. 
 (d) Definitive Securities shall be printed, lithographed or engraved with steel engraved borders or may
be produced in any other manner, all as determined by the officers of the Company executing the Units or Purchase Contracts, as the case may be, evidenced by such Definitive Securities, consistent with the provisions of this Agreement, as evidenced
by their execution thereof. 

  
 17 

 (e) Every Global Unit and Global Purchase Contract executed, authenticated
on behalf of the Holders and delivered hereunder shall bear a legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL
[UNIT / PURCHASE CONTRACT] WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE, OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), 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.” 
 Section 2.02. Form of Certificate of Authentication. The form of certificate of authentication of the Units and
Purchase Contracts shall be in substantially the form set forth in the form of Unit or form of Purchase Contract, respectively, attached hereto. 

Section 2.03. Global Securities; Separation of Units. 

(a) On any Business Day during the period beginning on, and including, the Business Day immediately following the Issue Date
to, but excluding, the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date or, if earlier, the second Scheduled Trading Day immediately preceding any Merger Termination Redemption Settlement Date and also
excluding the Business Day immediately preceding any Installment Payment Date (provided that the right to separate the Units shall resume after such Business Day), a Holder of a Unit may separate such Unit into its constituent Purchase
Contract and Note (each such separated Purchase Contract and separated Note, a “Separate Purchase Contract” and “Separate Note,” respectively), which will thereafter trade under their respective CUSIP numbers
(194014 403) and (194014 304), and that Unit will cease to exist. In order to cause the separation of a Global Unit into its component parts, a Beneficial Holder must comply with the applicable procedures of the Depositary. Following a valid
exercise of separation rights by a Holder of Global Units, the Purchase Contract Agent or Trustee, as applicable, shall register (i) a decrease in the number of Units represented by the 

  
 18 

 
Global Unit and the number of Purchase Contracts and Notes represented by the Component Purchase Contract and the Component Note attached to the Global Unit as Attachments 3 and 4, respectively,
as set forth in Schedule A to each such attachment, and (ii) a corresponding increase in the number of Purchase Contracts and Notes represented by the Global Purchase Contract and the Global Note, respectively. If, however, such Unit is in the
form of a Definitive Security in accordance with Section 3.09, the Holder thereof must deliver to the Purchase Contract Agent such Unit, together with a separation notice, in the form set forth in Attachment 1 to the form of Unit attached
hereto as Exhibit A. Upon the receipt of such separation notice, the Company shall promptly cause delivery, in accordance with the delivery instructions set forth in such separation notice, of one Separate Purchase Contract and one Separate Note for
each such Unit. Separate Purchase Contracts and Separate Notes will be transferable independently from each other. 
 (b)
Holders which elect to separate the Note and related Purchase Contract in accordance with this Section 2.03 shall be responsible for any fees or expenses payable in connection with such separation, and neither the Company, the Purchase Contract
Agent nor the Trustee shall be liable for any such fees or expenses. 
 Section 2.04. Recreation of Units. 

(a) On any Business Day during the period beginning on, and including, the Business Day immediately following the Issue Date
to, but excluding, the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date or, if earlier, the second Scheduled Trading Day immediately preceding any Merger Termination Redemption Settlement Date and also
excluding the Business Day immediately preceding any Installment Payment Date (provided that the right to recreate the Units shall resume after such Business Day), a Holder of a Separate Purchase Contract and a Separate Note may recreate a
Unit (which will thereafter trade under the CUSIP number 194014 205 for the Units), and each such Separate Purchase Contract and Separate Note will cease to exist. In order to cause the recreation of a global Separate Purchase Contract and a global
Separate Note into a Unit, a Beneficial Holder must comply with the applicable procedures of the Depositary. Following a valid exercise of recreation rights by a Holder of Global Notes and Global Purchase Contracts, the Purchase Contract Agent or
Trustee, as applicable, shall register (i) an increase in the number of Units represented by the Global Unit and the number of Purchase Contracts and Notes represented by the Component Purchase Contract and the Component Note attached to the
Global Unit as Attachments 3 and 4, respectively, as set forth in Schedule A to each such attachment, and (ii) a corresponding decrease in the number of Purchase Contracts and Notes represented by the Global Purchase Contract and Global Note,
respectively. If, however, such Separate Purchase Contract and Separate Note are in the form of Definitive Securities, the Holder thereof must deliver to the Purchase Contract Agent such Definitive Securities, together with a recreation notice, in
the form set forth in Attachment 2 to the form of Unit attached hereto as Exhibit A. Upon the receipt of such recreation notice, the Company shall promptly cause delivery, in accordance with the delivery instructions set forth in such recreation
notice, of one Unit in definitive form for such Definitive Securities. 

  
 19 

 (b) Holders that recreate Units in accordance with this Section 2.04
shall be responsible for any fees or expenses payable in connection with such recreation, and neither the Company, the Purchase Contract Agent nor the Trustee shall be liable for any such fees or expenses. 

ARTICLE III 
 THE UNITS
AND PURCHASE CONTRACTS 
 Section 3.01. Amount and Denominations. The aggregate number of Units and Separate Purchase
Contracts evidenced by Equity-Linked Securities executed, authenticated on behalf of the Holders and delivered hereunder is limited to 4,600,000, except for Units and Separate Purchase Contracts executed, authenticated and delivered upon
registration of transfer of, in exchange for, or in lieu of, other Units and Separate Purchase Contracts pursuant to Section 3.04, Section 3.05, Section 3.10 or Section 9.05. Each Unit was initially issued for a purchase price of
$100.00 (before underwriting discounts and commissions), which represented an issue price of $15.6099 for the Note contained in each Unit and an issue price of $84.3901 for the Purchase Contract contained in each Unit. 

Section 3.02. Rights and Obligations Evidenced by the Equity-Linked Securities. Each Equity-Linked Security shall evidence the
number of Units or Separate Purchase Contracts, as the case may be, specified therein, with (a) each such Unit representing the rights and obligations of the Holder thereof and of the Company under one Purchase Contract, and the rights and
obligations of the Holder thereof and of the Company under one Note, and (b) each such Separate Purchase Contract representing the rights and obligations of the Holder thereof and of the Company under one Separate Purchase Contract. In the case
of a Unit, the Holder of such Unit shall, for all purposes hereunder and under the Indenture, be deemed to be the Holder of the Note and Purchase Contract that are components of such Unit. 

Prior to the close of business on the Determination Date with respect to any Purchase Contract (whether such Purchase Contract is held as a
component of a Unit or as a Separate Purchase Contract), the shares of Common Stock underlying such Purchase Contract shall not be outstanding, and such Purchase Contract shall not entitle the Holder thereof to any of the rights of a holder of
Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a shareholder in respect of the meetings of shareholders or for the election of directors for any other
matter, or any other rights whatsoever as a shareholder of the Company. 
 Section 3.03. Execution, Authentication, Delivery and
Dating. Upon the execution and delivery of this Agreement, and at any time and from time to time thereafter, the Company may deliver Equity-Linked Securities executed by the Company and the Purchase Contract Agent as attorney-in-fact for the Holders of Purchase Contracts from time to time (in the case of Purchase Contracts), to the Purchase Contract Agent and Trustee (if applicable) for
authentication on behalf of the Holders and delivery, together with an Issuer Order for authentication of such Equity-Linked Securities, and the Purchase Contract Agent and Trustee (if applicable) in accordance with such Issuer Order shall
authenticate on behalf of the Holders and deliver such Equity-Linked Securities. 

  
 20 

 The Equity-Linked Securities shall be executed on behalf of the Company by any authorized
officer of the Company and, in the case of the Purchase Contracts, shall be executed on behalf of the Holders by any authorized officer of the Purchase Contract Agent as
attorney-in-fact for the Holders of Purchase Contracts from time to time. The signature of any such officer on the Equity-Linked Securities may be manual or facsimile.

 Equity-Linked Securities bearing the manual or facsimile signature of an individual who was at any time the proper officer of the Company
or, in the case of the Purchase Contracts, the Purchase Contract Agent, shall bind the Company and the Holders of Purchase Contracts, as the case may be, notwithstanding that such individual has ceased to hold such offices prior to the
authentication and delivery of such Equity-Linked Securities or did not hold such offices at the date of such Equity-Linked Securities. 

Each Equity-Linked Security shall be dated the date of its authentication. 

No Equity-Linked Security shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose unless there appears
on such Equity-Linked Security a certificate of authentication substantially in the form provided for herein executed by an authorized officer of the Purchase Contract Agent and Trustee (if applicable) by manual signature, and such certificate upon
any Equity-Linked Security shall be conclusive evidence, and the only evidence, that such Equity-Linked Security has been duly authenticated and delivered hereunder. 

Section 3.04. Temporary Equity-Linked Securities. Pending the preparation of any Definitive Equity-Linked Securities, the Company
shall execute and deliver to the Purchase Contract Agent and, in the case of Units, Trustee, and the Purchase Contract Agent and, if applicable, Trustee shall authenticate on behalf of the Holders, and deliver, in lieu of such Definitive
Equity-Linked Securities, temporary Equity-Linked Securities that are in substantially the form set forth in Exhibit A or Exhibit B hereto, as the case may be, with such letters, numbers or other marks of identification or designation and such
legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units or Separate Purchase Contracts, as the case may be, are listed, or as may, consistently herewith, be
determined by the officers of the Company executing such Equity-Linked Securities, as evidenced by their execution of the Equity-Linked Securities. 

If temporary Equity-Linked Securities are issued, the Company will cause Definitive Equity-Linked Securities to be prepared without
unreasonable delay. After the preparation of Definitive Equity-Linked Securities, the temporary Equity-Linked Securities shall be exchangeable for Definitive Equity-Linked Securities upon surrender of the temporary
Equity-Linked Securities at the Corporate Trust Office, at the expense of the Company and without charge to the Holder or the Purchase Contract Agent. Upon surrender for cancellation of any one or more
temporary Equity-Linked Securities, the Company shall execute and deliver to the Purchase Contract Agent and Trustee, and the Purchase Contract Agent and, if applicable, the Trustee shall authenticate on behalf of the Holder, and deliver in exchange
therefor, one or more Definitive Equity-Linked Securities of like tenor and denominations and evidencing a like number of Units or Separate Purchase Contracts, as the case may be, as the temporary
Equity-Linked Security or Equity-Linked Securities so surrendered. Until so exchanged, the temporary Equity-Linked Securities shall in all respects evidence the same benefits and the same obligations with
respect to the Units or Separate Purchase Contracts, as the case may be, evidenced thereby as Definitive Equity-Linked Securities. 

  
 21 

 Section 3.05. Registration; Registration of Transfer and Exchange. The Company
shall cause to be kept at the Corporate Trust Office a register (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Equity-Linked
Securities and of transfers of Equity-Linked Securities. The Purchase Contract Agent is hereby initially appointed security registrar (the “Security Registrar”) for the purpose of registration of Equity-Linked Securities and
transfers of Equity-Linked Securities as provided herein. The Security Registrar shall record separately the registration and transfer of the Equity-Linked Securities evidencing Units and Separate Purchase
Contracts. 
 Upon surrender for registration of transfer of any Equity-Linked Security at the Corporate Trust Office, the Company shall
execute and deliver to the Purchase Contract Agent and Trustee, and the Purchase Contract Agent and Trustee shall authenticate on behalf of the designated transferee or transferees, and deliver, in the name of the designated transferee or
transferees, one or more new Equity-Linked Securities of any authorized denominations, of like tenor, and evidencing a like number of Units or Separate Purchase Contracts, as the case may be. 

At the option of the Holder, Equity-Linked Securities may be exchanged for other Equity-Linked Securities, of any authorized numbers and
evidencing a like number of Units or Separate Purchase Contracts, as the case may be, upon surrender of the Equity-Linked Securities to be exchanged at the Corporate Trust Office. Whenever any Equity-Linked Securities are so surrendered for
exchange, the Company shall execute and deliver to the Purchase Contract Agent and Trustee, and the Purchase Contract Agent and, in the case of Units, the Trustee shall authenticate on behalf of the Holder, and deliver the Equity-Linked Securities
which the Holder making the exchange is entitled to receive. 
 All Equity-Linked Securities issued upon any registration of transfer or
exchange of an Equity-Linked Security shall evidence the ownership of the same number of Units or Separate Purchase Contracts, as the case may be, and be entitled to the same benefits and subject to the same obligations, under this Agreement as the
Units or Separate Purchase Contracts, as the case may be, evidenced by the Equity-Linked Security surrendered upon such registration of transfer or exchange. 

Every Equity-Linked Security presented or surrendered for registration of transfer or exchange shall (if so required by the Purchase Contract
Agent) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Purchase Contract Agent duly executed by the Holder thereof, or its attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of an Equity-Linked
Security, but the Company or the Purchase Contract Agent on behalf of the Company may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Equity-Linked Securities, other than any exchanges pursuant to Section 3.06 and Section 9.05 not involving any transfer. 

  
 22 

 Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to
the Purchase Contract Agent, and the Purchase Contract Agent and, in the case of Units, the Trustee shall not be obligated to authenticate on behalf of the Holder or deliver any Equity-Linked Security in exchange for any other Equity-Linked Security
presented or surrendered for registration of transfer or for exchange on or after the Business Day immediately preceding the Scheduled Mandatory Settlement Date or any earlier Settlement Date with respect to such Equity-Linked Security. In lieu of
delivery of a new Equity-Linked Security, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Company shall, if a Settlement Date with
respect to such Equity-Linked Security has occurred, deliver or cause to be delivered the shares of Common Stock deliverable and cash in lieu of any fractional share of Common Stock (and/or, in the case of a Merger Termination Redemption Settlement
Date, make the required cash payment, if any) in respect of the Purchase Contracts evidenced by such Equity-Linked Security (together with the Separate Note, if such Equity-Linked Security is a Unit and if the Repurchase Right is not applicable or,
if applicable, not exercised). 
 Section 3.06. Book-Entry Interests. The Units, on original issuance, will be issued in the
form of one or more fully registered Global Units, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the initial Depositary. Such Global Units shall initially be registered on
the books and records of the Company in the name of Cede & Co., the nominee of DTC, and no Beneficial Holder will receive a Definitive Unit representing such Beneficial Holder’s interest in such Global Unit, except as provided in
Section 3.09. Unless and until definitive, fully registered Securities have been issued to Beneficial Holders pursuant to Section 3.09: 

(i) the provisions of this Section 3.06 shall be in full force and effect; 

(ii) the Company shall treat the Depositary for all purposes of this Agreement (including settling the Purchase Contracts and
receiving approvals, votes or consents hereunder) as the Holder of the Global Units and Global Purchase Contracts and shall have no obligation to the Beneficial Holders; 

(iii) to the extent that the provisions of this Section 3.06 conflict with any other provisions of this Agreement, the
provisions of this Section 3.06 shall control; and 
 (iv) the rights of the Beneficial Holders shall be exercised only
through the Depositary and shall be limited to those established by law and agreements between such Beneficial Holders and the Depositary or the Depositary Participants. 

Section 3.07. Notices to Holders. Whenever a notice or other communication to the Holders is required to be given under this
Agreement, the Company or the Company’s agent shall give such notices and communications to the Holders and, with respect to any Units or Purchase Contracts registered in the name of the Depositary or the nominee of the Depositary, the Company
or the Company’s agent shall, except as set forth herein, have no obligations to the Beneficial Holders. 

  
 23 

 Section 3.08. Appointment of Successor Depositary. If the Depositary elects to
discontinue its services as securities depositary with respect to the Units or Purchase Contracts, the Company may, in its sole discretion, appoint a successor Depositary with respect to such Units or such Purchase Contracts, as the case may be.

 Section 3.09. Definitive Securities. If: 

(i) the Depositary is at any time unwilling or unable to continue as depositary for the Global Securities or ceases to be a
Clearing Agency registered under the Exchange Act, and a successor Depositary registered as a Clearing Agency under the Exchange Act is not appointed by the Company within 90 days; or 

(ii) an Event of Default (as defined in the Indenture), or any failure on the part of the Company to observe or perform any
covenant or agreement in the Purchase Contracts or the Purchase Contract Agreement, has occurred and is continuing and a Beneficial Holder requests that its Securities be issued in physical, certificated form, 

then, in each case the Company shall execute, and the Purchase Contract Agent and/or the Trustee, as applicable, upon receipt of an Issuer Order for the
authentication and delivery of Definitive Securities, shall authenticate and deliver Definitive Securities representing an aggregate number of Securities with respect to the Global Security or Securities representing such Securities (or representing
an aggregate number of Securities equal to the aggregate number of Securities in respect of which such Beneficial Holder has requested the issuance of Definitive Securities pursuant to clause (ii) above) in exchange for such Global Security or
Securities (or portion thereof). Each Definitive Security so delivered shall evidence Units or Purchase Contracts or Notes, as the case may be, of the same kind and tenor as the Global Security so surrendered in respect thereof. Notwithstanding the
foregoing, the exchange of Global Notes for Notes in definitive form shall be governed by the Indenture. 
 Section 3.10. Mutilated,
Destroyed, Lost and Stolen Securities. If any mutilated Equity-Linked Security is surrendered to the Purchase Contract Agent, together with such security or indemnity as may be reasonably required by the
Company, the Purchase Contract Agent and the Trustee to hold them or any of their agents harmless, then the Company shall execute and deliver to the Purchase Contract Agent and Trustee, and the Purchase Contract Agent and, if applicable, the Trustee
shall authenticate on behalf of the Holder, and deliver in exchange therefor, a new Equity-Linked Security, evidencing the same number of Units or Separate Purchase Contracts, as the case may be, and bearing a security number not contemporaneously
outstanding. 
 If there shall be delivered to the Company, the Purchase Contract Agent and the Trustee (in the case of any Units) (i)
evidence to their satisfaction of the destruction, loss or theft of any Equity-Linked Security, and (ii) such security or indemnity satisfactory to the Company, the Purchase Contract Agent and the Trustee at the expense of the Holder, then, in
the absence of notice to the Company, the Purchase Contract Agent or the Trustee that such Equity-Linked 

  
 24 

 
Security has been acquired by a protected purchaser, the Company shall execute and deliver to the Purchase Contract Agent and the Trustee (in the case of any Units), and the Purchase Contract
Agent and the Trustee (in the case of any Units) shall authenticate on behalf of the Holder, and deliver to the Holder, in lieu of any such destroyed, lost or stolen Equity-Linked Security, a new Equity-Linked Security, evidencing the same number of
Units or Separate Purchase Contracts, as the case may be, and bearing a security number not contemporaneously outstanding. 

Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to the Purchase Contract Agent and Trustee, and the
Purchase Contract Agent and, in the case of Units, the Trustee shall not be obligated to authenticate on behalf of the Holder, and deliver to the Holder, an Equity-Linked Security on or after the second Scheduled Trading Day immediately preceding
the Scheduled Mandatory Settlement Date or any Merger Termination Redemption Settlement Date with respect to such Equity-Linked Security. In lieu of delivery of a new Equity-Linked Security, upon satisfaction of the applicable conditions specified
above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Company shall, if a Settlement Date with respect to such Equity-Linked Security has occurred, deliver or arrange for delivery of the shares
of Common Stock deliverable and cash in lieu of any fractional share of Common Stock (and/or, in the case of a Merger Termination Redemption Settlement Date, make the required cash payment, if any) in respect of the Purchase Contracts evidenced by
such Equity-Linked Security (together with Separate Notes equal to the number of, and in the same form as, the Notes evidenced by such Equity-Linked Security if such Equity-Linked Security is a Unit and if the Repurchase Right is not applicable or,
if applicable, not exercised). 
 Upon the issuance of any new Equity-Linked Security under this Section 3.10, the Company and the
Purchase Contract Agent may require the payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Purchase Contract
Agent) connected therewith. 
 Every new Equity-Linked Security issued pursuant to this Section 3.10 in lieu of any destroyed, lost or
stolen Equity-Linked Security shall constitute an original additional contractual obligation of the Company and of the Holder in respect of the Unit or Separate Purchase Contract, as the case may be, evidenced thereby, whether or not the destroyed,
lost or stolen Equity-Linked Security shall be found at any time. Such new Equity-Linked Security (and the Units or Separate Purchase Contracts, as applicable, evidenced thereby) shall be at any time enforceable by anyone, and shall be entitled to
all the benefits and be subject to all the obligations of this Agreement equally and proportionately with any and all other Equity-Linked Securities delivered hereunder. 

The provisions of this Section 3.10 are exclusive and shall preclude, to the extent lawful, all other rights and remedies with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Equity-Linked Securities. 

  
 25 

 Section 3.11. Persons Deemed Owners. Prior to due presentment of an
Equity-Linked Security for registration of transfer, the Company, the Purchase Contract Agent and the Trustee, and any agent of the Company, the Purchase Contract Agent or the Trustee, may treat the Person in whose name such Equity-Linked Security
is registered as the owner of the Unit or Purchase Contract, as the case may be, evidenced thereby, for the purpose of performance of the Units or Purchase Contracts, as applicable, evidenced by such Equity-Linked Securities and for all other
purposes whatsoever, and none of the Company, the Purchase Contract Agent nor the Trustee, nor any agent of the Company, the Purchase Contract Agent nor the Trustee, shall be affected by notice to the contrary. 

Notwithstanding the foregoing, with respect to any Global Unit or Global Purchase Contract, nothing contained herein shall prevent the
Company, the Purchase Contract Agent, the Trustee or any agent of the Company, the Purchase Contract Agent or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by the Depositary (or its nominee), as
a Holder, with respect to such Global Unit or Global Purchase Contract or impair, as between such Depositary and the related Beneficial Holder, the operation of customary practices governing the exercise of rights of the Depositary (or its nominee)
as Holder of such Global Unit or Global Purchase Contract. 
 None of the Purchase Contract Agent, Trustee, the Paying Agent and the
Security Registrar shall have any responsibility or obligation to any Beneficial Holder in a Global Security, an agent member or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any agent member, with
respect to any ownership interest in the Securities or with respect to the delivery to any agent member, Beneficial Holder or other Person (other than the Depositary) of any notice or the payment of any amount, under or with respect to such
Securities. All notices and communications to be given to the Holders and all payments to be made to Holders under the Securities and this Agreement shall be given or made only to or upon the order of the registered Holders (which shall be the
Depositary or its nominee in the case of a Global Security). The rights of Beneficial Holders in Global Securities shall be exercised only through the Depositary subject to the applicable procedures. The Purchase Contract Agent, the Trustee, the
Paying Agent and the Registrar shall be entitled to rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, DTC Participants and any Beneficial Holders. The Purchase Contract Agent, the
Trustee, the Paying Agent and the Security Registrar shall be entitled to deal with the Depositary, and any nominee thereof, that is the registered Holder of any Global Security for all purposes of this Agreement relating to such Global Security
(including the payment or delivery of amounts due hereunder and the giving of instructions or directions by or to any Beneficial Holder) as the sole Holder of such Global Security and shall have no obligations to the Beneficial Holders thereof. None
of the Purchase Contract Agent, the Trustee, the Paying Agent and the Security Registrar shall have any responsibility or liability for any acts or omissions of the Depositary with respect to such Global Security, for the records of any such
Depositary, including records in respect of the Beneficial Holders of any such Global Security, for any transactions between the Depositary and any agent member or between or among the Depositary, any such agent member and/or any Holder or
Beneficial Holder of such Global Security, or for any transfers of beneficial interests in any such Global Security. 

  
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 Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall
prevent the Company, the Purchase Contract Agent, the Trustee, or any agent of the Company, the Purchase Contract Agent or the Trustee from giving effect to any written certification, proxy or other authorization furnished by any depositary (or its
nominee), as a Holder, with respect to such Global Security or shall impair, as between such Depositary and Beneficial Holders of such Global Security, the operation of customary practices governing the exercise of the rights of such depositary (or
its nominee) as Holder of such Global Security. 
 None of the Purchase Contract Agent, the Trustee, the Paying Agent or the Registrar shall
have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in any Security (including any
transfers between or among DTC Participants, members or Beneficial Holders in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when
expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

Section 3.12. Cancellation. All Securities surrendered for separation or recreation and all Equity-Linked Securities surrendered
for settlement or redemption or upon the registration of transfer or exchange of an Equity-Linked Security shall, if surrendered to any Person other than the Purchase Contract Agent, be delivered to the Purchase Contract Agent and, if not already
cancelled, be promptly cancelled by it; provided, however, that the Purchase Contract Agent shall deliver any Notes or Separate Notes so surrendered to it to the Trustee and Paying Agent (as defined in the Indenture) for disposition in
accordance with the provisions of the Indenture. In the case of a Unit or Units surrendered for settlement or redemption, subject to Section 4.08 hereof, the Company shall promptly execute and the Trustee shall promptly authenticate and deliver
in accordance with the terms of the Indenture to the Holder thereof a number of Separate Notes equal to the number of, and in the same form as, the Notes comprising part of the Units so surrendered. The Company may at any time deliver to the
Purchase Contract Agent for cancellation any Equity-Linked Securities previously executed, authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Equity-Linked Securities so delivered shall, upon
an Issuer Order, be promptly cancelled by the Purchase Contract Agent; provided, however, that if the Equity-Linked Securities so delivered are Units, the Purchase Contract Agent shall deliver the Notes comprising such Units to the
Trustee and Paying Agent (as defined in the Indenture) for disposition in accordance with the provisions of the Indenture. No Equity-Linked Securities shall be executed, authenticated on behalf of the Holder and delivered in lieu of or in exchange
for any Equity-Linked Securities cancelled as provided in this Section, except as expressly permitted by this Agreement. All cancelled Equity-Linked Securities held by the Purchase Contract Agent shall be disposed of in accordance with its customary
practices. 
 If the Company or any Affiliate of the Company shall acquire any Equity-Linked Security, such acquisition shall not operate as
a cancellation of such Equity-Linked Security unless and until such Equity-Linked Security is delivered to the Purchase Contract Agent for cancellation, in which case such Equity-Linked Security shall be accompanied by an Issuer Order and cancelled
in accordance with the immediately preceding paragraph. 

  
 27 

 ARTICLE IV 

SETTLEMENT OF THE PURCHASE CONTRACTS 

Section 4.01. Settlement Rate. (a) Each Purchase Contract obligates the Company to deliver, on the Mandatory Settlement Date,
a number of shares of Common Stock (subject to Article 5) equal to the Settlement Rate as determined by the Company, unless such Purchase Contract has settled or been redeemed prior to the Mandatory Settlement Date. 

(b) The “Settlement Rate” is equal to: 

(i) if the Applicable Market Value is greater than the Threshold Appreciation Price, 4.0000 shares of Common Stock for each
Purchase Contract (the “Minimum Settlement Rate”); 
 (ii) if the Applicable Market Value is greater than or
equal to the Reference Price but less than or equal to the Threshold Appreciation Price, a number of shares of Common Stock for each Purchase Contract equal to the Stated Amount, divided by the Applicable Market Value; and 

(iii) if the Applicable Market Value is less than the Reference Price, 4.8054 shares of Common Stock for each Purchase Contract
(the “Maximum Settlement Rate”). 
 (c) The Maximum Settlement Rate and the Minimum Settlement Rate (each, a
“Fixed Settlement Rate”) shall be subject to adjustment as provided in Article 5, and each Fixed Settlement Rate shall be rounded upward or downward to the nearest 1/10,000th of a share (or if there is not a nearest 1/10,000th of a
share, to the next lower 1/10,000th of a share). 
 (d) The Company shall give notice of the Settlement Rate to the Purchase
Contract Agent and Holders no later than the Scheduled Trading Day prior to the Mandatory Settlement Date. 
 Section 4.02.
Representations and Agreements of Holders. Each Holder of an Equity-Linked Security, by its acceptance thereof: 

(a) irrevocably authorizes and directs the Purchase Contract Agent to execute and deliver on its behalf and perform this
Agreement on its behalf and appoints the Purchase Contract Agent as its attorney-in-fact for any and all such purposes; 

(b) in the case of a Purchase Contract that is a component of a Unit, or that is evidenced by a Global Purchase Contract,
irrevocably authorizes and directs the Purchase Contract Agent to execute, deliver and hold on its behalf the Global Purchase Contract or the Component Purchase Contract evidencing such Purchase Contract and appoints the Purchase Contract Agent its attorney-in-fact for any and all such purposes; 

(c) consents to, and agrees to be bound by the terms and provisions hereof and thereof; and 

  
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 (d) agrees to the tax treatment provided for in Section 11.07. 

Section 4.03. Purchase Contract Settlement Fund. On the applicable Settlement Date, the Company shall issue and deliver to the
Holders of the Outstanding Purchase Contracts (or, in the case of an Early Settlement, to the Holders of Purchase Contracts that have elected such Early Settlement) the aggregate number of shares of Common Stock to which such Holders of the Purchase
Contracts to be settled or redeemed on such Settlement Date are entitled hereunder. When any shares of Common Stock are required to be delivered to Holders pursuant to this Article 4, the Company shall deliver such shares of Common Stock, together
with any dividends or distributions for which a Record Date and payment date for such dividend or distribution have occurred as of or after the close of business on the applicable Determination Date (collectively, the “Purchase Contract
Settlement Fund”) to such Holders, and the Company shall cause any such shares to be registered in the name of such Holder or such Holder’s designee pursuant to Section 4.11. 

Section 4.04. Settlement Conditions. A Holder’s right to receive the shares of Common Stock, and any dividends or
distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund, upon settlement of any of its Purchase Contracts is subject to the following conditions: 

(a) if such Purchase Contract or the Unit that includes such Purchase Contract is in the form of a Definitive Security,
surrendering the relevant Definitive Security to the Purchase Contract Agent at the Corporate Trust Office duly endorsed for transfer to the Company or in blank and with duly completed settlement instructions in the form attached thereto, or if such
Purchase Contract is represented by a Global Security, surrendering the relevant Security in compliance with the Depositary’s applicable procedures; and 

(b) the payment of any transfer or similar taxes payable pursuant to Section 4.11. 

Section 4.05. Mandatory Settlement on the Mandatory Settlement Date. On the Mandatory Settlement Date, subject to satisfaction of
the conditions set forth in Section 4.04 by a Holder with respect to any of its Purchase Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the Settlement Rate to be issued and delivered,
together with payment of (i) any cash payable in lieu of fractional shares pursuant to Section 4.13 and (ii) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but
without any interest thereon), to such Holder by book-entry transfer or other appropriate procedures pursuant to Section 4.11. The Person in whose name any shares of Common Stock shall be issuable upon settlement of any Purchase Contract on the
Mandatory Settlement Date shall be treated as the holder of record of such shares as of the close of business on the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined. 

Section 4.06. Early Settlement. (a) Subject to and upon compliance with the provisions of this Section 4.06, prior to
the close of business on the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date, a Holder may elect to settle its Purchase Contracts early, in whole or in part, at the Early Settlement Rate (“Early
Settlement Right”). 

  
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 (b) A Holder’s right to receive Common Stock upon Early Settlement of
any of its Purchase Contracts is subject to the following conditions (in the case of Global Securities, subject to the applicable procedures of the Depositary): 

(i) delivery of a written and signed notice of election (an “Early Settlement Notice”) in the form attached to
the Purchase Contract to the Purchase Contract Agent electing Early Settlement of such Purchase Contract; and 
 (ii)
satisfaction of the conditions set forth in Section 4.04. 
 (c) If a Holder complies with the requirements set forth in
Section 4.06(b) before the close of business on any Business Day, then that Business Day shall be considered the “Early Settlement Date.” If a Holder complies with the requirements set forth in Section 4.06(b) at or after
the close of business on any Business Day or at any time on a day that is not a Business Day, then the next succeeding Business Day shall be considered the “Early Settlement Date.” 

(d) Subject to satisfaction of the conditions set forth in Section 4.06(b) by a Holder with respect to any of its Purchase
Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the Early Settlement Rate to be issued and delivered, together with payment of (i) any cash payable in lieu of fractional shares pursuant to
Section 4.13 and (ii) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but without any interest thereon), to such Holder by book-entry transfer or other appropriate
procedures pursuant to Section 4.11 on the second Business Day following the Early Settlement Date. The Person in whose name any shares of the Common Stock shall be issuable upon such Early Settlement of a Purchase Contract shall be treated as
the holder of record of such shares as of the close of business on the relevant Early Settlement Date. 
 (e) In the event
that Early Settlement is effected with respect to Purchase Contracts that are a component of Units, upon such Early Settlement, the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) on behalf of the Holder and
deliver to the Holder thereof, at the expense of the Company, Separate Notes, in same form as the Notes comprising part of the Units, equal to the number of Purchase Contracts as to which Early Settlement was effected. 

(f) In the event that Early Settlement is effected with respect to Purchase Contracts represented by less than all the Purchase
Contracts evidenced by a Security, upon such Early Settlement, the Company shall execute and the Purchase Contract Agent and Trustee shall authenticate on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, a
Security evidencing the Purchase Contracts as to which Early Settlement was not effected. 
 (g) Upon receipt of any Early
Settlement Notice pursuant to Section 4.06(b), the Purchase Contract Agent shall promptly deliver a copy of such Early Settlement Notice to the Company. 

  
 30 

 Section 4.07. Early Settlement Upon a Fundamental Change. (a) If a
Fundamental Change occurs and a Holder exercises the option to effect Early Settlement in respect of its Purchase Contracts in connection with such Fundamental Change in accordance with the procedures set forth in Section 4.06, such Holder
shall receive a number of shares of Common Stock (or cash, securities or other property, as applicable) for each such Purchase Contract equal to the Fundamental Change Early Settlement Rate on the date such Fundamental Change Early Settlement Right
is exercised (the “Fundamental Change Early Settlement Right”). An Early Settlement shall be deemed for these purposes to be “in connection with” such Fundamental Change if the Holder delivers an Early Settlement
Notice to the Purchase Contract Agent, and otherwise satisfies the requirements for effecting Early Settlement of its Purchase Contracts set forth in Section 4.06 hereof, during the period beginning on, and including, the Effective Date of the
Fundamental Change and ending at the close of business on the 35th Business Day thereafter (or, if earlier, the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date) (the “Fundamental Change Early
Settlement Period”). 
 (b) If a Holder complies with the requirements set forth in Section 4.07(a) and
4.06(b) to exercise the Fundamental Change Early Settlement Right before the close of business on any Business Day during the Fundamental Change Early Settlement Period, then that Business Day shall be considered the “Fundamental Change
Early Settlement Date.” If a Holder complies with the requirements set forth in set forth in Section 4.07(a) and 4.06(b) to exercise the Fundamental Change Early Settlement Right at or after the close of business on any Business Day
during the Fundamental Change Early Settlement Period or at any time on a day during the Fundamental Change Early Settlement Period that is not a Business Day, then the next succeeding Business Day shall be considered the “Fundamental Change
Early Settlement Date.” 
 (c) The Company shall provide the Purchase Contract Agent, the Trustee and the Holders of
Units and Separate Purchase Contracts with a notice of a Fundamental Change within five Business Days after its Effective Date and issue a press release announcing such Effective Date. The notice shall set forth (i) the applicable Fundamental
Change Early Settlement Rate, (ii) if not Common Stock, the kind and amount of cash, securities and other property receivable by the Holder upon settlement, (iii) the deadline by which each Holder’s Fundamental Change Early Settlement
Right must be exercised and (iv) any other information the Company determines to be appropriate. 
 (d) The
“Fundamental Change Early Settlement Rate” shall be determined by the Company by reference to the table below, based on the date on which the Fundamental Change occurs or becomes effective (the “Effective Date”) and
the stock price (the “Stock Price”) in the Fundamental Change, which shall be: 
 (i) in the case of a
Fundamental Change described in clause (b) of the definition thereof in which all holders of shares of Common Stock receive only cash in the Fundamental Change, the Stock Price shall be the cash amount paid per share of Common Stock; and 

  
 31 

 (ii) in all other cases, the Stock Price shall be the arithmetic average of
the Daily VWAPs of the Common Stock over the five consecutive Trading Day period ending on the Trading Day immediately preceding the Effective Date. 

(e) The Stock Prices set forth in the column headings of the table below shall be adjusted as of any date on which the Fixed
Settlement Rates are adjusted. The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Maximum Settlement Rate immediately prior to the
adjustment giving rise to the Stock Price adjustment and the denominator of which is the Maximum Settlement Rate as so adjusted. The Fundamental Change Early Settlement Rates (and the Merger Termination Redemption Rates as described in
Section 4.09) per Purchase Contract in the table below shall be adjusted in the same manner and at the same time as the Fixed Settlement Rates as set forth in Section 5.01. 

(f) The following table sets forth the Fundamental Change Early Settlement Rate per Purchase Contract for each Stock Price and
Effective Date set forth below: 
  

																																																					
	 	  	Stock Price	 
	 Effective Date
	  	$5.00	 	  	$10.00	 	  	$15.00	 	  	$17.50	 	  	$20.81	 	  	$23.00	 	  	$25.00	 	  	$27.50	 	  	$30.00	 	  	$35.00	 	  	$40.00	 	  	$50.00	 	  	$60.00	 
	 January 11, 2019
	  	 	4.7276	 	  	 	4.5951	 	  	 	4.3398	 	  	 	4.2244	 	  	 	4.1077	 	  	 	4.0529	 	  	 	4.0158	 	  	 	3.9833	 	  	 	3.9622	 	  	 	3.9411	 	  	 	3.9345	 	  	 	3.9347	 	  	 	3.9373	 
	 January 15, 2020
	  	 	4.7571	 	  	 	4.6995	 	  	 	4.4766	 	  	 	4.3434	 	  	 	4.1938	 	  	 	4.1197	 	  	 	4.0690	 	  	 	4.0246	 	  	 	3.9961	 	  	 	3.9687	 	  	 	3.9601	 	  	 	3.9585	 	  	 	3.9595	 
	 January 15, 2021
	  	 	4.7815	 	  	 	4.7754	 	  	 	4.6569	 	  	 	4.5204	 	  	 	4.3178	 	  	 	4.2044	 	  	 	4.1255	 	  	 	4.0589	 	  	 	4.0199	 	  	 	3.9884	 	  	 	3.9813	 	  	 	3.9800	 	  	 	3.9801	 
	 January 15, 2022
	  	 	4.8054	 	  	 	4.8054	 	  	 	4.8054	 	  	 	4.8054	 	  	 	4.8054	 	  	 	4.3478	 	  	 	4.0000	 	  	 	4.0000	 	  	 	4.0000	 	  	 	4.0000	 	  	 	4.0000	 	  	 	4.0000	 	  	 	4.0000	 

 The exact Stock Prices and Effective Dates may not be set forth in the table above, in which case: 

(i) if the applicable Stock Price is between two Stock Prices in the table or the applicable Effective Date is between two
Effective Dates in the table, the Fundamental Change Early Settlement Rate, or the Merger Termination Redemption Rate, as applicable, shall be determined by a straight-line interpolation between the Fundamental Change Early Settlement Rates or the
Merger Termination Redemption Rates, as applicable, set forth for the higher and lower Stock Prices and the earlier and later Effective Dates, as applicable, based on a 365- or
366-day year, as applicable; 
 (ii) if the applicable Stock Price is greater than
$60.00 per share (subject to adjustment in the same manner and at the same time as the Stock Prices set forth in the column headings of the table above), the Fundamental Change Early Settlement Rate or the Merger Termination Redemption Rate, as
applicable, shall be the Minimum Settlement Rate; or 
 (iii) if the applicable Stock Price is less than $5.00 per share
(subject to adjustment in the same manner and at the same time as the Stock Prices set forth in the column headings of the table above, the “Minimum Stock Price”) the Fundamental Change Early Settlement Rate or the Merger
Termination Redemption Rate, as applicable, shall be determined as if the Stock Price equaled the Minimum Stock Price, and using straight-line interpolation, as described in clause (i) of this Section 4.07(f), if the Effective Date is
between two Effective Dates in the table. 

  
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 The maximum number of shares of Common Stock deliverable under a Purchase Contract is 4.8054, subject to
adjustment in the same manner and at the same time as the Fixed Settlement Rates as set forth under Section 5.01. 
 (g)
[Reserved.] 
 (h) Subject to satisfaction of the conditions set forth in Section 4.06(b) by a Holder with
respect to any of its Purchase Contracts, the Company shall cause to be delivered a number of shares of Common Stock, or securities, cash or other property, as applicable, payable as a result of such Holder’s exercise of the Fundamental Change
Early Settlement Right in accordance with the provisions set forth in Section 4.06(d), except that (i) such delivery shall be made on the second Business Day following the Fundamental Change Early Settlement Date, and (ii) the Person
in whose name any shares of Common Stock or other securities, if applicable, shall be issuable following exercise of a Holder’s Fundamental Change Early Settlement Right shall be treated as the holder of record of such shares or other
securities, if applicable, as of the close of business on the Fundamental Change Early Settlement Date. 
 (i) If a Holder
exercises its Fundamental Change Early Settlement Right with respect to Purchase Contracts that are a component of Units, upon such Early Settlement in connection with a Fundamental Change, the Company shall execute and the Trustee shall
authenticate (pursuant to the Indenture) on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, Separate Notes, in same form as the Notes comprising part of the Units, equal to the number of Purchase Contracts as
to which Early Settlement in connection with a Fundamental Change was effected. 
 (j) If a Holder exercises its Fundamental
Change Early Settlement Right with respect to Purchase Contracts represented by less than all the Purchase Contracts evidenced by a Security, upon such Early Settlement in connection with a Fundamental Change, the Company shall execute and the
Purchase Contract Agent and Trustee shall authenticate on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, a Security evidencing the Purchase Contracts as to which Early Settlement in connection with a
Fundamental Change was not effected. 
 (k) If a Holder does not elect to exercise the Fundamental Change Early Settlement
Right, such Holder’s Purchase Contracts shall remain outstanding and shall be subject to normal settlement on any subsequent Settlement Date, including, if applicable, the provisions set forth in Section 5.01. 

Section 4.08. [Reserved]. 

Section 4.09. Merger Termination Redemption. (a) If the closing of the Merger has not occurred on or prior to May 19,
2019, the Company may elect to redeem all, but not less than all, of the Outstanding Purchase Contracts, on the terms described in this Section 4.09, by delivering notice during the five Business Days immediately following May 19, 2019 in
the manner specified in Section 4.09(b). If the Merger Agreement is terminated prior to May 19, 2019, the Company may elect to redeem all, but not less than all, of the Outstanding Purchase Contracts on

  
 33 

 
the terms described in this Section 4.09, by delivering notice on or prior to the 40th Scheduled Trading Day immediately preceding May 19, 2019 or during the five Business Days
immediately following May 19, 2019 in the manner specified in Section 4.09(b) (any notice sent under this sentence or the immediately preceding sentence, a “Merger Termination Redemption Notice,” and a redemption under
this sentence or the immediately preceding sentence, a “Merger Termination Redemption”). 
 (b) In the event
of a Merger Termination Redemption, the Company shall provide the Purchase Contract Agent, the Trustee and the Holders of Units, Separate Purchase Contracts and Separate Notes with the Merger Termination Redemption Notice and issue a press release
announcing its election. The Merger Termination Redemption Notice shall specify: 
 (i) the Merger Termination Redemption
Stock Price; 
 (ii) the Scheduled Merger Termination Redemption Settlement Date; 

(iii) if the Redemption Amount will be determined pursuant to Section 4.09(c)(i), the cash Redemption Amount; 

(iv) if the Redemption Amount will be determined pursuant to Section 4.09(c)(ii), the Merger Termination Redemption Rate,
and, if applicable, the number of shares of Common Stock that would otherwise be included in the applicable Redemption Amount that will be replaced with cash; 

(v) that Holders of Units and Separate Notes will have the right to require the Company to repurchase their Notes that are a
component of the Units or their Separate Notes, as the case may be, pursuant to and in accordance with the Indenture; 
 (vi)
the Repurchase Price and Repurchase Date; 
 (vii) the last date on which Holders of Units or Separate Notes may exercise
their Repurchase Right; 
 (viii) the procedures that Holders of Units or Separate Notes must follow hereunder and under the
Indenture to require the Company to repurchase their Notes; 
 (ix) if any outstanding Securities are Definitive Securities,
the name and address of the Purchase Contract Agent; and 
 (x) any other information the Company determines to be
appropriate. 
 In the event the Redemption Amount is determined pursuant to Section 4.09(c)(ii), if the Company does not specify a
number of shares of Common Stock that will be replaced with cash in the Merger Termination Redemption Notice, the Company shall be deemed to have elected to settle the Redemption Amount solely in shares of Common Stock. 

  
 34 

 (c) In the event of a Merger Termination Redemption, the Company shall
deliver the applicable Redemption Amount on the Merger Termination Redemption Settlement Date. The “Redemption Amount” shall mean: 

(i) if the Merger Termination Redemption Stock Price is equal to or less than the Reference Price, an amount of cash per
Purchase Contract equal to (x) the Stated Amount less (y) the applicable Repurchase Price; or 
 (ii) if the
Merger Termination Redemption Stock Price is greater than the Reference Price, a number of shares of Common Stock per Purchase Contract equal to the Merger Termination Redemption Rate; provided that the Company may elect to pay cash in lieu
of delivering any or all of such shares of Common Stock in an amount equal to the Merger Termination Redemption Rate multiplied by the Merger Termination Redemption Market Value. 

The Company shall cause any shares referred to in clause (ii) above to be issued and delivered, together with payment of (a) any
cash payable in lieu of fractional shares pursuant to Section 4.13 and (b) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but without any interest thereon), to the
applicable Holder by book-entry transfer or other appropriate procedures pursuant to Section 4.11. The Person in whose name any shares of the Common Stock shall be issuable pursuant to a Merger Termination Redemption shall be treated as the
holder of record of such shares as of the close of business on: 
 (i) the date of the Merger Termination Redemption Notice,
if the Company has elected (or is deemed to have elected) to settle the Redemption Amount solely in shares of Common Stock; or 

(ii) the last Trading Day in the 20 consecutive Trading Day period used to determine the Merger Termination Redemption Market
Value, if the Company has elected to pay cash in lieu of delivering a portion of any shares of Common Stock that would otherwise be included in the Redemption Amount. 

(d) The table set forth in Section 4.07(f) shall be used to determine the “Merger Termination Redemption
Rate” per Purchase Contract for each Merger Termination Redemption Stock Price, with references to “Stock Price” deemed to refer to “Merger Termination Redemption Stock Price,” references to “Fundamental Change
Early Settlement Rate” deemed to refer to “Merger Termination Redemption Rate,” and references to “Effective Date” deemed to refer to the date of the related Merger Termination Redemption Notice. 

(e) In the event of a Merger Termination Redemption with respect to Purchase Contracts that are a component of Units, upon the
applicable Merger Termination Redemption Settlement Date, the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) on behalf of the Holder and deliver to the Holder thereof, at the expense of the Company, Separate
Notes in the same form and in the same number as the Notes comprising part of the Units; provided, however, that if the Repurchase Date occurs prior to the Merger 

  
 35 

 Termination Redemption Settlement Date, any Holder exercising the Repurchase Right shall surrender the Units
on the Repurchase Date and the Company shall execute, and the Purchase Contract Agent shall authenticate, Separate Purchase Contracts in the same form and in the same number as the Purchase Contracts comprising part of the Units, such Separate
Purchase Contracts to be redeemed on the Merger Termination Redemption Settlement Date. 
 Section 4.10. Acceleration of Mandatory
Settlement Date. If a Bankruptcy Event occurs at any time on or before the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined (the day on which such Bankruptcy Event occurs, the
“Acceleration Date”), the Mandatory Settlement Date shall automatically be accelerated to the Business Day immediately following the Acceleration Date and Holders of Purchase Contracts shall be entitled to receive, upon settlement
of the Purchase Contracts on such accelerated Mandatory Settlement Date, a number of shares of Common Stock per Purchase Contract equal to the Maximum Settlement Rate in effect immediately prior to the Acceleration Date (regardless of the Applicable
Market Value of the Common Stock at that time). The Company shall cause to be delivered the shares of Common Stock, securities, cash or other property deliverable as a result of any such acceleration of the Mandatory Settlement Date in accordance
with the provisions set forth in Section 4.05, except that (i) such delivery shall be made on the accelerated Mandatory Settlement Date, and (ii) the Person in whose name any shares of Common Stock shall be issuable following such
acceleration shall be treated as the holder of record of such shares as of the close of business on the Acceleration Date. Any claim for damages that Holders of the Purchase Contracts (whether as Separate Purchase Contracts or Purchase Contracts
underlying Units) have for the Company’s failure to deliver Common Stock following a Bankruptcy Event as described in this Section 4.10 will rank pari passu with the claims of holders of the Common Stock in the relevant bankruptcy
proceeding. 
 Section 4.11. Registration of Underlying Shares and Transfer Taxes. The shares of Common Stock underlying the
Purchase Contracts shall be registered in the name of the Holder or the Holder’s designee as specified in the settlement instructions provided by the Holder to the Purchase Contract Agent, and the Company will pay all documentary, stamp or
similar issue or transfer taxes attributable to the delivery thereof, unless any such tax is payable in respect of any registration of such shares in a name of a Person other than the Person in whose name the Security evidencing such Purchase
Contract is registered, in which case the Company shall not be required to pay any such tax and no such registration shall be made unless the Person requesting such registration has paid any such taxes required by reason of such registration in a
name of a Person other than the Person in whose name the Security evidencing such Purchase Contract is registered or has established to the satisfaction of the Company that such tax either has been paid or is not payable. 

Section 4.12. Return of Purchase Contract Settlement Fund. In the event a Holder fails to effect surrender or delivery of its
Units or Purchase Contracts on or following the applicable Settlement Date in accordance with the provisions hereof, the shares of Common Stock underlying such Purchase Contracts, and any dividends or distributions with respect to such shares
constituting part of the Purchase Contract Settlement Fund, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until the earlier to occur of: 

  
 36 

 (i) the surrender of the relevant Units or Separate Purchase Contracts for
settlement or redemption in accordance with the provisions hereof or receipt by the Company and the Purchase Contract Agent from such Holder of satisfactory evidence that such Units or Separate Purchase Contracts have been destroyed, lost or stolen,
together with any indemnity that may be required by the Purchase Contract Agent and the Company; and 
 (ii) the passage of
two years from the applicable Settlement Date, as the case may be, following which the Purchase Contract Agent shall pay to the Company such Holder’s share of such Common Stock and any dividends or distributions with respect to such shares
constituting part of the Purchase Contract Settlement Fund; provided, however, that prior to receiving any such payment, the Company shall notify each such Holder that such property remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such notice, any unclaimed balance of such property then remaining will be repaid to the Company. After payment to the Company, (A) Holders entitled to such property must look to
the Company for payment as general creditors, unless applicable abandoned property law designates another Person, and (B) all liability of the Purchase Contract Agent with respect to such property shall cease. 

Section 4.13. No Fractional Shares. No fractional shares or scrip certificates representing fractional shares of Common Stock
shall be issued or delivered to Holders upon settlement or redemption of the Purchase Contracts. In lieu of any fractional shares of Common Stock that would otherwise be issuable upon settlement or redemption of any Purchase Contracts, a Holder of a
Purchase Contract shall be entitled to receive an amount in cash equal to the fraction of a share of Common Stock, calculated on an aggregate basis in respect of the Purchase Contracts being settled or redeemed (provided that, so long as the Units
are held as Global Units, the Company may elect to aggregate Units for purposes of these calculations on any basis permitted by the applicable procedures of the Depositary), multiplied by the Daily VWAP of the Common Stock on the Trading Day
immediately preceding the applicable Settlement Date. To the extent the Purchase Contract Agent is obligated to make any payments on behalf of the Company pursuant to this Agreement, the Company shall provide the Purchase Contract Agent with
sufficient funds to permit the Purchase Contract Agent to make all such cash payments in a timely manner. 
 ARTICLE V 

ADJUSTMENTS 

Section 5.01. Adjustments to the Fixed Settlement Rates. (a) Each Fixed Settlement Rate shall be subject to adjustment,
without duplication, upon: 
 (i) Stock Dividends and Distributions. The issuance of Common Stock as a dividend or
distribution to all or substantially all of the holders of Common Stock, or a subdivision or combination of Common Stock, in which event each Fixed Settlement Rate shall be adjusted based on the following formula: 

  
 37 

 

 
  

					
	where,
			
	SR0	  	=	  	the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution or immediately prior to the open of business on the Effective Date for such subdivision or
combination, as the case may be;
			
	SR1	  	=	  	the Fixed Settlement Rate in effect immediately after the close of business on such Record Date or immediately after the open of business on such Effective Date, as the case may be;
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date or immediately prior to the open of business on such Effective Date, as the case may be (in either case, prior to giving
effect to such event); and
			
	OS1	  	=	  	the number of shares of Common Stock that would be outstanding immediately after, and solely as a result of, such dividend, distribution, subdivision or combination.

 Any adjustment made pursuant to this clause (i) will become effective immediately after the close of
business on the Record Date for such dividend or distribution, or immediately after the open of business on the Effective Date for such share subdivision or share combination, as the case may be. If any dividend or distribution of the type described
in this clause (i) is declared but not so paid or made, each Fixed Settlement Rate shall be immediately readjusted, effective as of the date the Board of Directors publicly announces its decision not to pay or make such dividend or
distribution, to such Fixed Settlement Rate that would then be in effect if such dividend or distribution had not been declared. For the purposes of this clause (i), the number of shares of Common Stock outstanding immediately prior to the close of
business on the Record Date for such dividend or distribution or the open of business on the Effective Date for such share subdivision or share combination, as applicable, shall not include shares held in treasury by the Company but shall include
any shares issuable in respect of any scrip certificates issued in lieu of fractions of shares of Common Stock. The Company shall not pay any dividend or make any distribution on shares of Common Stock held in treasury by the Company. 

(ii) Issuance of Stock Purchase Rights. The issuance to all or substantially all holders of Common Stock of rights,
options or warrants entitling such holders for a period expiring 45 calendar days or less from the date of issuance of such rights, options or warrants, to subscribe for or purchase shares of Common Stock at a price per share less than the average
of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the date of announcement for such distribution per share of Common Stock, in which event each Fixed
Settlement Rate shall be adjusted based on the following formula: 

  
 38 

 

 
  

					
	where,
			
	SR0	  	=	  	the Fixed Settlement Rate in effect immediately prior to close of business on the Record Date for such issuance;
			
	SR1	  	=	  	the Fixed Settlement Rate in effect immediately after the close of business on such Record Date;
			
	OS0	  	=	  	the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date;
			
	X	  	=	  	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
			
	Y	  	=	  	the total number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants, divided by the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive
Trading Day period ending on the Trading Day immediately preceding the date of announcement for such distribution per share of Common Stock.

 Any adjustment made pursuant to this clause (ii) shall be made successively whenever any such rights,
options or warrants are issued and shall become effective immediately after the close of business on the Record Date for such issuance. In the event that such rights, options or warrants described in this clause (ii) are not so issued, each
Fixed Settlement Rate shall be immediately readjusted, effective as of the date the Board of Directors publicly announces its decision not to issue such rights, options or warrants, to such Fixed Settlement Rate that would then be in effect if such
issuance had not been declared. To the extent that such rights, options or warrants are not exercised prior to their expiration or shares of Common Stock are otherwise not delivered pursuant to such rights, options or warrants upon the exercise of
such rights, options or warrants, each Fixed Settlement Rate shall be immediately readjusted, effective as of the date of such expiration or the date of such exercise, as the case may be, to such Fixed Settlement Rate that would then be in effect
had the adjustment with respect to the issuance of such rights, options or warrants been made on the basis of the delivery of only the number of shares of Common Stock actually delivered. 

In determining whether any rights, options or warrants entitle the Holders of Common Stock to subscribe for or purchase shares of Common Stock
at less than such average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the date of announcement for such distribution per share of Common Stock, and in
determining the aggregate price payable to exercise such rights, options or warrants, there shall be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise or conversion
thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors. 

  
 39 

 For the purposes of this clause (ii), the number of shares of Common Stock at the time
outstanding shall not include shares held in treasury by the Company but shall include any shares issuable in respect of any scrip certificates issued in lieu of fractions of shares of Common Stock. The Company shall not issue any such rights,
warrants or options in respect of shares of Common Stock held in treasury by the Company. 
 (iii) Debt or Asset
Distribution. (A) The dividend or other distribution to all or substantially all holders of Common Stock of shares of the Company’s Capital Stock (other than Common Stock), evidences of the Company’s indebtedness, assets or
rights, options, or warrants to acquire the Company’s Capital Stock, indebtedness or assets, excluding 
 (1) any dividend or
distribution as to which an adjustment was effected pursuant to Section 5.01(a)(i), Section 5.01(a)(ii) or Section 5.01(a)(iv); or 

(2) any dividend or distribution in connection with a Spin-Off covered by this
Section 5.01(a)(iii) relating to Spin-Offs; and 
 (3) any securities, cash or other property that is distributed in, and will
constitute Exchange Property as a result of, a Reorganization Event, 
 in which event each Fixed Settlement Rate shall be adjusted based on
the following formula: 
  
  
 

 
  

					
	where,
			
	SR0	  	 =
	  	the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution;
			
	SR1	  	=	  	the Fixed Settlement Rate in effect immediately after the close of business on such Record Date;
			
	SP0	  	=	  	the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on the Trading Day immediately preceding such Ex-Date for such dividend or
distribution; and
			
	FMV	  	=	  	the Fair Market Value (as determined by the Board of Directors), on the Ex-Date for such dividend or distribution, of the shares of Capital Stock, evidences of indebtedness, assets or rights,
options or warrants so distributed, expressed as an amount per share of Common Stock.

 If FMV (as defined above) is equal to or greater than
SP0 (as defined above) or if the difference between SP0 and FMV is less than $1.00, in lieu of the foregoing adjustment, 

  
 40 

 
provision shall be made for each Holder of a Unit or Separate Purchase Contract to receive, for each Unit or Separate Purchase Contract, at the same time and upon the same terms as holders of
Common Stock, the kind and amount of Capital Stock, evidences of indebtedness, assets or rights, options or warrants that such Holder would have received if such Holder owned a number of shares of Common Stock equal to the Maximum Settlement Rate in
effect on the Record Date for the dividend or distribution. 
 Any adjustment made pursuant to subparagraph (A) of clause
(iii) above shall become effective immediately after the close of business on the Record Date for such dividend or distribution. In the event that such dividend or distribution is not so paid or made, each Fixed Settlement Rate shall be
readjusted, effective as of the date the Board of Directors publicly announces its decision not to pay or make such dividend or distribution, to such Fixed Settlement Rate that would then be in effect if such dividend or distribution had not been
declared. 
 If the transaction that gives rise to an adjustment pursuant to this Section 5.01(a)(iii) is a Spin-Off, then each Fixed Settlement Rate shall instead be adjusted based on the following formula: 
  

 
 

 
  

					
	where,
			
	SR0	  	=	  	the Fixed Settlement Rate in effect immediately prior to the close of business on the last Trading Day of the 10 consecutive Trading Day period commencing on, and including, the effective date for the
Spin-Off;
			
	SR1	  	=	  	the Fixed Settlement Rate in effect immediately after the close of business on the last Trading Day of the 10 consecutive Trading Day period commencing on, and including, the effective date for the
Spin-Off;
			
	FMV0	  	=	  	the average of the Last Reported Sale Prices of the Capital Stock or similar equity interests distributed to holders of Common Stock applicable to one share of Common Stock for the 10 consecutive Trading Day period commencing on,
and including, the effective date for the Spin-Off; and
			
	MP0	  	=	  	the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day period commencing on, and including, the effective date for the Spin-Off.

 Any adjustment made pursuant to this portion of clause (iii) will become effective immediately after the
close of business on the last Trading Day of the 10 consecutive Trading Day period commencing on, and including, the effective date for the Spin-Off; provided that if any date for determining the number
of shares of Common Stock issuable to a Holder occurs during the 10 consecutive Trading Day period commencing on, and including, the effective date 

  
 41 

 
for the Spin-Off, references in the preceding paragraph to 10 consecutive Trading Days shall be deemed to be replaced with such lesser number of
consecutive Trading Days as have elapsed between the beginning of the 10 consecutive Trading Day period and such determination date for purposes of determining the Fixed Settlement Rates. In the event that such distribution described in this clause
(iii) is not so made, each Fixed Settlement Rate will be readjusted, effective as of the date the Board of Directors publicly announces its decision not to pay such distribution, to such Fixed Settlement Rate that would then be in effect if
such distribution had not been declared. 
 (iv) Cash Distributions. The dividend or distribution to all or
substantially all holders of Common Stock of exclusively cash, excluding: 
 (1) any cash that is distributed in, and will
constitute Exchange Property as a result of, a Reorganization Event (as described below); or 
 (2) any dividend or
distribution in connection with the liquidation, dissolution or winding up of the Company, 
  

in which event, each Fixed Settlement Rate shall be adjusted based on the following formula: 

 
 

 
  

					
	where,
			
	SR0	  	=	  	the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution;
			
	SR1	  	=	  	the Fixed Settlement Rate in effect immediately after the close of business on the Record Date for such dividend or distribution;
			
	SP0	  	=	  	the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Date for such distribution; and
			
	C	  	=	  	the amount in cash per share the Company distributes to holders of Common Stock.

 If C (as defined above) is equal to or greater than
SP0 (as defined above) or if the difference between SP0 and C is less than $1.00, in lieu of the foregoing adjustment, provision shall be
made for each Holder of a Unit or Separate Purchase Contract to receive, for each Unit or Separate Purchase Contract, at the same time and upon the same terms as holders of Common Stock, the amount of cash that such Holder would have received if
such Holder owned a number of shares of Common Stock equal to the Maximum Settlement Rate on the Record Date for such cash dividend or distribution. 

  
 42 

 Any adjustment made pursuant to this clause (iv) shall become effective immediately
after the close of business on the Record Date for such dividend or distribution. In the event that any dividend or distribution described in this clause (iv) is not so made, each Fixed Settlement Rate shall be readjusted, effective as of the
date the Board of Directors publicly announces its decision not to pay such dividend or distribution, to such Fixed Settlement Rate which would then be in effect if such dividend or distribution had not been declared. 

(v) Self Tender Offers and Exchange Offers. The Company or one or more Subsidiaries of the Company makes purchases of
Common Stock pursuant to a tender offer or exchange offer by the Company or one of its Subsidiaries for Common Stock if the amount of cash and value of any other consideration included in the payment per share of Common Stock validly tendered or
exchanged exceeds the average of the Last Reported Sale Prices per share of the Common Stock for the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the last date on which tenders or exchanges may be
made pursuant to such tender offer or exchange offer (the “Tender Offer Expiration Date”), in which event each Fixed Settlement Rate shall be adjusted based on the following formula: 

 
 

 
  

					
	where,
			
	SR0	  	=	  	the Fixed Settlement Rate in effect immediately prior to the close of business on the last Trading Day of the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the Tender Offer
Expiration Date;
			
	SR1	  	=	  	 the Fixed Settlement Rate in effect immediately after the close of business on the last Trading Day of the 10 consecutive Trading Day period
commencing on, and including, the Trading Day next succeeding the Tender Offer Expiration Date;

			
	FMV	  	=	  	the Fair Market Value (as determined by the Board of Directors) of the aggregate value of all cash and any other consideration paid or payable for shares purchased in such tender offer or exchange offer (the “purchased
shares”);
			
	OS1	  	=	  	the number of shares of Common Stock outstanding immediately after the last time tenders or exchanges may be made pursuant to such tender offer or exchange offer on the Tender Offer Expiration Date (the “expiration
time”) (after giving effect to such tender offer or exchange offer);
			
	OS0	  	=	  	the number of shares of common stock outstanding immediately prior to the expiration time (prior to giving effect to such tender offer or exchange offer); and
			
	SP1	  	=	  	the average of the Last Reported Sale Prices of the common stock for the 10 consecutive trading day period commencing on, and including, the trading day next succeeding the Tender Offer Expiration Date.

  
 43 

 Any adjustment made pursuant to this clause (v) will become effective immediately after
the close of business on the last day of the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the Tender Offer Expiration Date; provided that if any date for determining the number of shares of
the Common Stock issuable to a Holder occurs during the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the Tender Offer Expiration Date, references in the preceding paragraph to 10 consecutive Trading
Days shall be deemed to be replaced with such lesser number of consecutive Trading Days as have elapsed between such Tender Offer Expiration Date and such determination date for purposes of determining the Fixed Settlement Rates. 

If the Company or one of its Subsidiaries is obligated to purchase shares of Common Stock pursuant to any such tender offer or exchange offer,
but the Company or such Subsidiary is permanently prevented by applicable law from effecting any such purchases, or all such purchases are rescinded, then each Fixed Settlement Rate shall be readjusted to be such Fixed Settlement Rate that would
then be in effect if such tender offer or exchange offer had not been made. 
 (b) [Reserved]. 

(c) Rights Plans. To the extent that the Company has a rights plan in effect with respect to the Common Stock on any
Determination Date, Holders shall receive, in addition to the Common Stock, the rights under such rights plan, unless, prior to such Determination Date, the rights have separated from the Common Stock, in which case each Fixed Settlement Rate shall
be adjusted at the time of separation of such rights as if the Company made a distribution to all holders of the Common Stock as described in Section 5.01(a)(iii), subject to readjustment in the event of the expiration, termination or
redemption of such rights. 
 (d) Discretionary Adjustments. Subject to applicable law and the applicable listing
standards of the NYSE (or any other securities exchange where the Common Stock is listed in accordance with the provisions of the Purchase Contract Agreement), the Company may make such increases in each Fixed Settlement Rate, in addition to any
other increases required by this Article 5, as the Company determines to be in its best interests or the Company deems advisable to avoid or diminish any income tax to holders of the Common Stock resulting from any dividend or distribution of shares
of Common Stock (or issuance of rights, options or warrants to acquire shares of Common Stock) or from any event treated as such for income tax purposes or for any other reason; provided that, in each case, the same proportionate adjustment
must be made to each Fixed Settlement Rate. 
 (e) Calculation of Adjustments. All adjustments to each Fixed
Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock. No adjustment in a Fixed Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein. If any
adjustment is not required to be made by reason 

  
 44 

 
of this Section 5.01(e), then such adjustment shall be carried forward and taken into account in any subsequent adjustment; provided that on each Determination Date (including any
date for determining the amount of cash payable in connection with a Merger Termination Redemption), adjustments to each Fixed Settlement Rate shall be made with respect to any such adjustment carried forward and which has not been taken into
account before such Determination Date. 
 (f) Adjustments to Prices Over a Period. Whenever the Company is required
to calculate the Last Reported Sale Prices, the Daily VWAPs or any other prices or amounts over a span of multiple days (including, without limitation, the Applicable Market Value, the Merger Termination Redemption Market Value, the Stock Price or
the Merger Termination Redemption Stock Price), the Board of Directors shall make appropriate adjustments, if any, to each to account for any adjustment to the Fixed Settlement Rates if the related Record Date,
Ex-Date, effective date or Tender Offer Expiration Date occurs during the period in which the Last Reported Sale Prices, the Daily VWAPs or such other prices or amounts are to be calculated. 

(g) Limitation on Adjustments. No adjustment to the Fixed Settlement Rates shall be made if Holders of Units or any
separate Purchase Contracts participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of
holding the Purchase Contracts, in the transaction that would otherwise give rise to an adjustment without having to settle the Purchase Contracts as if such Holder held a number of shares of the Common Stock equal to the Maximum Settlement Rate,
multiplied by the number of Purchase Contracts held by such Holder. In addition, the Fixed Settlement Rates shall only be adjusted as set forth above and shall not be adjusted: 

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

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

(C) upon the repurchase of any shares of Common Stock pursuant to an open market share repurchase program or other buyback
transaction that is not a tender offer or exchange offer described in clause 5.01(a)(v) hereof; 
 (D) for the sale or
issuance of shares of Common Stock, or securities convertible into or exercisable for shares of Common Stock, for cash, including at a price per share less than the Fair Market Value thereof or otherwise or in an acquisition, except as described in
Sections 5.01(a)(i) through (v) hereof; 
 (E) for a third-party tender offer; 

  
 45 

 (F) upon the issuance of any shares of Common Stock pursuant to any option,
warrant, right or exercisable, exchangeable or convertible security outstanding as of the Issue Date; or 
 (G) solely for a
change in, or elimination of, the par value of the Common Stock. 
 (h) Notice of Adjustment. Whenever the Fixed
Settlement Rates are adjusted, the Company shall: 
 (i) prepare and transmit to the Purchase Contract Agent an
Officer’s Certificate setting forth such adjusted Fixed Settlement Rates and/or the adjusted Fundamental Change Settlement Rates and the adjusted Merger Termination Redemption Rates, the method of calculation thereof in reasonable detail and
the facts requiring such adjustment and upon which such adjustment is based; 
 (ii) within five Business Days following the
occurrence of an event that requires an adjustment to the Fixed Settlement Rates, the Fundamental Change Settlement Rates and/or the adjusted Merger Termination Redemption Rates (or if the Company is not aware of such occurrence, as soon as
practicable after becoming so aware), provide, or cause to be provided, a written notice to the Holders of the occurrence of such event; and 

(iii) within five Business Days following the determination of such adjusted Fixed Settlement Rates, Fundamental Change
Settlement Rates and/or the adjusted Merger Termination Redemption Rates provide, or cause to be provided, to the Holders a statement setting forth in reasonable detail the method by which the adjustment to such Fixed Settlement Rates, the
Fundamental Change Settlement Rates and/or the adjusted Merger Termination Redemption Rates was determined and setting forth such adjusted Fixed Settlement Rates, Fundamental Change Settlement Rates and/or the adjusted Merger Termination Redemption
Rates and the facts requiring such adjustment and upon which such adjustment is based. 
 (iv) Each adjustment to each Fixed
Settlement Rate pursuant to this Section 5.01 will result in a corresponding adjustment to the Early Settlement Rate. 

Section 5.02. Reorganization Events. (a) In the event of: 

(i) any consolidation or merger of the Company with or into another Person (other than a merger or consolidation in which the
Company is the continuing or surviving corporation and in which the Common Stock outstanding immediately prior to the merger or consolidation is not exchanged for cash, securities or other property of the Company or another Person); 

(ii) any sale, transfer, lease or conveyance to another Person of all or substantially all of the property and assets of the
Company; 

  
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 (iii) any reclassification of Common Stock into securities, including
securities other than Common Stock; or 
 (iv) any statutory exchange of securities of the Company with another Person (other
than in connection with a merger or acquisition); 
 in each case, as a result of which the Common Stock would be converted into, or exchanged for,
securities, cash or other property (each, a “ Reorganization Event”), each Purchase Contract outstanding immediately prior to such Reorganization Event shall, without the consent of Holders, become a contract to purchase the kind of
securities, cash and/or other property (the “Exchange Property”) that a holder of Common Stock would have been entitled to receive immediately prior to such Reorganization Event and, prior to or at the effective time of such
Reorganization Event, the Company or the successor or purchasing Person, as the case may be, shall execute with the Purchase Contract Agent and the Trustee a supplemental agreement permitted under Section 9.01(iv) amending this Agreement and
the Purchase Contracts to provide for such change in the right to settle the Purchase Contracts. For purposes of the foregoing, the type and amount of Exchange Property in the case of any Reorganization Event that causes the Common Stock to be
converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of shareholder election) will be deemed to be the weighted average of the types and amounts of consideration
actually received by the holders of Common Stock. The Company shall notify the Purchase Contract Agent in writing of such weighted average as soon as practicable after such determination is made. The number of units of Exchange Property the Company
shall deliver for each Purchase Contract settled or redeemed (if the Company elects not to deliver solely cash in respect of a Merger Termination Redemption) following the effective date of such Reorganization Event shall be equal to the number of
shares of Common Stock that the Company would otherwise be required to deliver as determined based on the Fixed Settlement Rates then in effect on the applicable Determination Date, or such other settlement rates or redemption rates as provided
herein (without any interest thereon and without any right to dividends or distributions thereon which have a record date that is prior to the close of business on the Determination Date). Each Fixed Settlement Rate shall be determined based upon
the Applicable Market Value of a unit of Exchange Property that a holder of one share of Common Stock would have received in such Reorganization Event. 

For purposes of this Section 5.02(a), “Applicable Market Value” shall be deemed to refer to the Applicable Market Value
of the Exchange Property and such value shall be determined (A) in the case of any publicly traded securities that comprise all or part of the Exchange Property, based on the Daily VWAP of such securities, as determined by the Company in a
commercially reasonable manner and in good faith (B) in the case of any cash that comprises all or part of the Exchange Property, based on the amount of such cash and (C) in the case of any other property that comprises all or part of the
Exchange Property, based on the value of such property, as determined by a nationally recognized independent investment banking firm retained by the Company for this purpose. For purposes of this Section 5.02(a), the term “Daily
VWAP” shall be determined by reference to the definition of Daily VWAP as if references therein to Common Stock were to such publicly traded securities that comprise all or part of the Exchange Property. For purposes of this
Section 5.02(a), references to Common Stock in the definition of “Trading Day” shall be replaced by references to any publicly traded securities that comprise all or part of the Exchange Property. 

  
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 If the Exchange Property in respect of any Reorganization Event includes, in whole or in
part, securities of another Person, such supplemental agreement described in the second immediately preceding paragraph shall be executed by such other Person and shall (x) provide for anti-dilution and other adjustments that shall be as nearly
equivalent as practicable, as determined by the officer of the Company executing such supplemental agreement, to the adjustments provided for in this Article 5, and (y) otherwise modify the terms of this Agreement and the Purchase Contracts to
reflect the substitution of the applicable Exchange Property for the Common Stock (or other Exchange Property then underlying the Purchase Contracts). In establishing such anti-dilution and other adjustments referenced in the immediately preceding
sentence, such officer shall act in a commercially reasonable manner and in good faith. 
 (b) In the event the Company shall
execute a supplemental agreement pursuant to Section 5.02(a), the Company shall promptly file with the Purchase Contract Agent an Officer’s Certificate briefly stating the reasons therefor, the kind or amount of cash, securities or
property or asset that will comprise the Exchange Property after any such Reorganization Event, any adjustment to be made with respect thereto and that all conditions precedent have been complied with, and shall promptly notify Holders thereof. The
Company (or any successor) shall, within 20 days of the occurrence of any Reorganization Event or, if earlier, within 20 days of the execution of any supplemental agreement pursuant to Section 5.02(a), provide written notice to the Purchase
Contract Agent and Holders of such occurrence of such event and of the kind and amount of the cash, securities or other property that constitute the Exchange Property and of the execution of such supplemental agreement, if applicable. Failure to
deliver such notice shall not affect the operation of this Section 5.02 or the legality or validity of any such supplemental agreement. 

(c) The Company shall not become a party to any Reorganization Event unless its terms are consistent with this
Section 5.02. None of the foregoing provisions shall affect the right of a Holder of Purchase Contracts to effect Early Settlement pursuant to Section 4.06 and Section 4.07 prior to the effective date of such Reorganization Event.

 (d) The above provisions of this Section 5.02 shall similarly apply to successive Reorganization Events and the
provisions of Section 5.01 shall apply to any shares of Capital Stock of the Company (or any successor) received by the holders of Common Stock in any such Reorganization Event. 

ARTICLE VI 
 CONCERNING
THE HOLDERS OF PURCHASE CONTRACTS 
 Section 6.01. Evidence of Action Taken by Holders. Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by a specified percentage of number of Purchase Contracts may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such specified percentage of Holders in Person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or 

  
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instruments are delivered to the Purchase Contract Agent. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and
(subject to Section 8.01 and Section 8.03) conclusive in favor of the Purchase Contract Agent and the Company, if made in the manner provided in this Article 6. 

Section 6.02. Proof of Execution of Instruments and of Holding of Securities. Subject to Section 8.01 and Section 8.03,
the execution of any instrument by a Holder or his agent or proxy may be proved in the following manner: 
 (a) The fact and
date of the execution by any Holder of any instrument may be proved by the certificate of any notary public or other officer of any jurisdiction authorized to take acknowledgments of deeds or administer oaths that the Person executing such
instruments acknowledged to him the execution thereof, or by an affidavit of a witness to such execution sworn to before any such notary or other such officer. Where such execution is by or on behalf of any legal entity other than an individual,
such certificate or affidavit shall also constitute sufficient proof of the authority of the Person executing the same. 

(b) The ownership of the Units and the Purchase Contracts shall be proved by the Security Register or by a certificate of the
Security Registrar. 
 Section 6.03. Purchase Contracts Deemed Not Outstanding. In determining whether the Holders of the
requisite number of Outstanding Purchase Contracts have concurred in any direction, consent or waiver under this Agreement, Purchase Contracts which are owned by the Company or by any Affiliate of the Company with respect to which such determination
is being made shall be disregarded and deemed not to be Outstanding Purchase Contracts for the purpose of any such determination, except that for the purpose of determining whether the Purchase Contract Agent shall be protected in relying on any
such direction, consent or waiver only Purchase Contracts which a Responsible Officer of the Purchase Contract Agent knows are so owned shall be so disregarded. Purchase Contracts so owned which have been pledged in good faith may be regarded as
Outstanding Purchase Contracts if the pledgee establishes to the satisfaction of the Purchase Contract Agent the pledgee’s right so to act with respect to such Purchase Contracts and that the pledgee is not the Company or any Affiliate of the
Company. In case of a dispute as to such right, the advice of counsel shall be fully protected in respect of any decision made by the Purchase Contract Agent in accordance with such advice. Upon request of the Purchase Contract Agent, the Company
shall furnish to the Purchase Contract Agent promptly an Officer’s Certificate listing and identifying all Purchase Contracts, if any, known by the Company to be owned or held by or for the account of any of the above described Persons; and,
subject to Section 8.01 and Section 8.03, the Purchase Contract Agent shall be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Purchase Contracts not listed
therein are Outstanding Purchase Contracts for the purpose of any such determination. 
 Section 6.04. Right of Revocation of Action
Taken. At any time prior to (but not after) the evidencing to the Purchase Contract Agent, as provided in Section 6.01, of the taking of any action by the Holders of the percentage of the number of Purchase Contracts specified in this
Agreement in connection with such action, any Holder of a Purchase Contract the serial number of which is shown by the evidence to be included among the serial numbers of the Purchase 

  
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Contracts the Holders of which have consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article 6, revoke such
action so far as concerns such Purchase Contract; provided that such revocation shall not become effective until three Business Days after such filing. Except as aforesaid, any such action taken by the Holder of any Purchase Contract shall be
conclusive and binding upon such Holder and upon all future Holders and owners of such Purchase Contract and of any Purchase Contracts issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not
any notation in regard thereto is made upon any such Purchase Contract. Any action taken by the Holders of the percentage of the number of Purchase Contracts specified in this Agreement in connection with such action shall be conclusively binding
upon the Company, the Purchase Contract Agent, the Trustee and the Holders of all the Purchase Contracts affected by such action. 

Section 6.05. Record Date for Consents and Waivers. The Company may, but shall not be obligated to, establish a record date for
the purpose of determining the Persons entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Agreement to be given made or taken by Holders of Purchase
Contracts. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and any such Persons, shall be entitled to give, make or take any such request, demand, authorization, direction, notice, consent, waiver or
other action, whether or not such Holder remains a Holder after such record date; provided, however, that unless such waiver or consent is obtained from the Holders, or duly designated proxies, of the requisite number of Outstanding
Purchase Contracts prior to the date which is the 120th day after such record date, any such waiver or consent previously given shall automatically and, without further action by any Holder be cancelled and of no further effect. 

ARTICLE VII 
 REMEDIES

 Section 7.01. Unconditional Right of Holders to Receive Shares of Common Stock. Each Holder of a Purchase Contract
(whether or not included in a Unit) shall have the right, which is absolute and unconditional, to receive the shares of Common Stock (and/or, in the case of a Merger Termination Redemption, any cash included in the Redemption Amount) pursuant to
such Purchase Contract and to institute suit for the enforcement of any such right to receive the shares of Common Stock (and/or, in the case of a Merger Termination Redemption, any cash included in the Redemption Amount), and such right shall not
be impaired without the consent of such Holder. 
 Section 7.02. Notice To Purchase Contract Agent; Limitation On Proceedings.
Holders of not less than 25% of Outstanding Purchase Contracts, by notice given to the Purchase Contract Agent, may request that Purchase Contract Agent to institute proceedings with respect to a default relating to any covenant hereunder;
provided, subject to Section 7.08 and Article VIII hereof, the Purchase Contract Agent shall have no obligation to institute any such proceeding. No Holder of Purchase Contracts may institute any proceedings, judicial or otherwise,
with respect to this Agreement or for any remedy hereunder, except in the case of failure of the Purchase Contract Agent, for 60 days, to act after the Purchase Contract Agent has received a written request to institute proceedings in respect of a
default with respect to any 

  
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covenant hereunder from the Holders of not less than 25% of the Outstanding Purchase Contracts, as well as an offer of indemnity reasonably satisfactory to the Purchase Contract Agent. This
provision will not prevent any Holder of Purchase Contracts from instituting suit for the delivery of Common Stock (and/or, in the case of a Merger Termination Redemption, any cash included in the Redemption Amount) deliverable upon settlement or
redemption of the Purchase Contracts on any Settlement Date. 
 Section 7.03. Restoration of Rights and Remedies. If any Holder
or the Purchase Contract Agent has instituted any proceeding to enforce any right or remedy under this Agreement and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to such Holder or the Purchase
Contract Agent, then and in every such case, subject to any determination in such proceeding, the Company and such Holder or the Purchase Contract Agent shall be restored severally and respectively to their former positions hereunder and thereafter
all rights and remedies of such Holder shall continue as though no such proceeding had been instituted. 
 Section 7.04. Rights and
Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.10, no right or remedy herein conferred upon or reserved to
the Holders or the Purchase Contract Agent is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 7.05. Delay or Omission Not Waiver. No delay or omission of any Holder or the Purchase Contract Agent to exercise any
right or remedy upon a default hereunder shall impair any such right or remedy or constitute a waiver of any such right. Every right and remedy given by this Article or by law to the Holders or the Purchase Contract Agent may be exercised from time
to time, and as often as may be deemed expedient, by such Holders or the Purchase Contract Agent. 
 Section 7.06. Undertaking for
Costs. All parties to this Agreement agree, and each Holder of a Purchase Contract, by its acceptance of such Purchase Contract shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any
right or remedy under this Agreement, or in any suit against the Purchase Contract Agent for any action taken, suffered or omitted by it as Purchase Contract Agent, the filing by any party litigant in such suit of an undertaking to pay the costs of
such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and costs against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made
by such party litigant; provided that the provisions of this Section shall not apply to any suit instituted by (a) the Purchase Contract Agent, or (b) any Holder for the enforcement of the right to receive shares of Common Stock or
other Exchange Property issuable upon settlement or the Redemption Amount payable or deliverable, as the case may be, upon redemption, as the case may be, of the Purchase Contracts held by such Holder. 

  
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 Section 7.07. Waiver of Stay or Execution Laws. The Company covenants (to the
extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or assume or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in
force, that may affect the covenants or the performance of this Agreement; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or
impede the execution of any power herein granted to the Purchase Contract Agent or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 7.08. Control by Majority. The Holders of not less than a majority in number of the Outstanding Purchase Contracts shall
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Purchase Contract Agent, or of exercising any trust or power conferred upon the Purchase Contract Agent; provided that the
Purchase Contract Agent has received indemnity reasonably satisfactory to it. Notwithstanding the foregoing, the Purchase Contract Agent may refuse to follow any direction that is in conflict with any law or the Purchase Contract Agreement, or that
may involve it in personal liability. 
 ARTICLE VIII 

THE PURCHASE CONTRACT AGENT AND TRUSTEE 

Section 8.01. Certain Duties and Responsibilities. (a) Each of the Purchase Contract Agent and Trustee undertakes to perform,
with respect to the Units and Purchase Contracts, such duties and only such duties as are specifically delegated to it and set forth in this Agreement. 

(b) No provision of this Agreement shall be construed to relieve the Purchase Contract Agent from liability for its own grossly
negligent action, its own grossly negligent failure to act or its own willful misconduct, except that: 
 (i) the duties and
obligations of the Purchase Contract Agent with respect to the Purchase Contracts shall be determined solely by the express provisions of this Agreement, and the Purchase Contract Agent shall not be liable except for the performance of such duties
and obligations as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Purchase Contract Agent or the Trustee; 

(ii) in the absence of bad faith on the part of the Purchase Contract Agent and/or the Trustee, as applicable, the Purchase
Contract Agent and/or the Trustee, as applicable, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Purchase Contract Agent
and/or the Trustee, as applicable, and conforming to the requirements of this Agreement; but in the case of any such statements, certificates or opinions which by any provision hereof are specifically required to be furnished to the Purchase
Contract Agent and/or the Trustee, the Purchase Contract Agent and/or the Trustee, as applicable, shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement; 

  
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 (iii) the Purchase Contract Agent and/or the Trustee, as applicable, shall
not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Purchase Contract Agent and/or the Trustee, as applicable, unless it shall be proved that the Purchase Contract Agent was negligent in
ascertaining the pertinent facts; and 
 (iv) the Purchase Contract Agent and/or the Trustee, as applicable, shall not be
liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders pursuant to Section 7.08 relating to the time, method and place of conducting any proceeding for any remedy
available to the Purchase Contract Agent and/or the Trustee, as applicable, or exercising any right or power conferred upon the Purchase Contract Agent and/or the Trustee, as applicable, under this Agreement. 

(c) This Agreement shall not be deemed to create a fiduciary relationship under state or federal law between U.S. Bank National
Association, in its capacity as the Purchase Contract Agent, and any Holder of any Equity-Linked Security or between U.S. Bank National Association in its capacity as Trustee under the Indenture, and any Holder of any Purchase Contract (whether
separated or as part of a Unit). Nothing herein shall be deemed to govern or effect the Trustee’s rights, duties, responsibilities, benefits, protections, indemnities or immunities with respect to the Notes, which shall be governed by the
Indenture. 
 None of the provisions contained in this Agreement shall require the Purchase Contract Agent to expend or risk its own funds
or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity
against such liability is not reasonably assured to it. 
 Section 8.02. Notice of Default. Within 90 days after the occurrence
of any default by the Company hereunder of which a Responsible Officer of the Purchase Contract Agent has knowledge (subject to Section 8.03(h) hereof), the Purchase Contract Agent shall notify the Company and the Holders of Purchase Contracts
of such default hereunder, unless such Responsible Officer of the Purchase Contract Agent has actual knowledge that such default shall have been cured or waived. 

Section 8.03. Certain Rights of Purchase Contract Agent. Subject to the provisions of Section 8.01: 

(a) the Purchase Contract Agent may rely and shall be protected in acting or refraining from acting upon any resolution,
Officer’s Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon, security or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 
 (b) any request, direction, order or demand of the Company mentioned herein
shall be sufficiently evidenced by an Officer’s Certificate or Issuer Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Purchase Contract
Agent by a Board Resolution; 

  
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 (c) the Purchase Contract Agent may consult with counsel of its selection
and any advice of such counsel promptly confirmed in writing shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in reliance thereon in accordance
with such advice or Opinion of Counsel; 
 (d) the Purchase Contract Agent shall be under no obligation to exercise any of
the rights or powers vested in it by this Agreement at the request, order or direction of any of the Holders pursuant to the provisions of this Agreement (including, without limitation, pursuant to Section 7.08), unless such Holders shall have
offered to the Purchase Contract Agent reasonably satisfactory security or indemnity against the costs, expenses and liabilities which might be incurred therein or thereby; 

(e) the Purchase Contract Agent shall not be liable for any action taken or omitted by it in good faith and believed by it to
be authorized or within the discretion, rights or powers conferred upon it by this Agreement and in no case shall the Purchase Contract Agent be liable for any act or omission hereunder in the absence of its own gross negligence, willful misconduct
or bad faith; 
 (f) the Purchase Contract Agent shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document unless requested in writing so to do by the
Holders of not less than a majority in aggregate principal amount of the Outstanding Purchase Contracts; provided that, if the payment within a reasonable time to the Purchase Contract Agent of the costs, expenses or liabilities likely to be
incurred by it in the making of such investigation is, in the opinion of the Purchase Contract Agent, not reasonably assured to the Purchase Contract Agent by the security afforded to it by the terms of this Agreement, the Purchase Contract Agent
may require indemnity against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid by the Company or, if paid by the Purchase Contract Agent or any predecessor Purchase Contract
Agent, shall be repaid by the Company upon demand; 
 (g) the Purchase Contract Agent may execute any of the rights or powers
hereunder or perform any duties hereunder either directly or by or through agents or attorneys not regularly in its employ and the Purchase Contract Agent shall not be responsible for any misconduct or negligence on the part of any such agent or
attorney appointed with due care by it hereunder; 
 (h) the Purchase Contract Agent shall not be charged with knowledge of
any default with respect to a series of Securities unless either a Responsible Officer of the Purchase Contract Agent assigned to the Corporate Trust Office of the Purchase Contract Agent (or any successor division or department of the Purchase
Contract Agent) shall have received written notice of such default from the Company or any Holder; 

  
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 (i) the Purchase Contract Agent shall not be liable for any action taken,
suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement and in no case shall the Purchase Contract Agent be liable for any losses, costs or
liabilities of any kind except for those arising directly out of its own gross negligence or willful misconduct; 
 (j) the
permissive rights of the Purchase Contract Agent hereunder shall not be construed as duties; 
 (k) in no event shall the
Purchase Contract Agent be liable for any consequential, special, punitive or indirect loss or damages, even if advised of the likelihood thereof in advance and regardless of the form of action; 

(l) the rights, privileges, protections, immunities and benefits given to the Purchase Contract Agent, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Purchase Contract Agent and the Trustee (whether or not the Trustee is expressly referred to in connection with any such rights, privileges, protections,
immunities and benefits) in each of their capacities hereunder, and to each agent, custodian and other Person employed to act hereunder; 

(m) each of the Purchase Contract Agent and the Trustee may request that the Company deliver an Officer’s Certificate
setting forth the name of the individuals and/or titles of Officers authorized at such time to take specific actions pursuant to this Agreement, which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s
Certificate, including any Person specified as so authorized in any such Officer’s Certificate previously delivered and not superseded; 

(n) neither the Purchase Contract Agent nor the Trustee shall be responsible for delays or failures in performance of its
obligations hereunder resulting from acts beyond its reasonable control. Such acts shall include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations superimposed after the fact, fire,
communication line failures, computer viruses, power failures, earthquakes, terrorist attacks or other disasters, it being understood that each of the Purchase Contract Agent and the Trustee shall use reasonable best efforts which are consistent
with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances; and 

(o) the Purchase Contract Agent shall not be required to exercise discretion in exercising its rights, powers or authorizations
hereunder and the Purchase Contract Agent shall be entitled to refrain from any such act unless and until the Purchase Contract Agent has received written direction from a majority in number of the Outstanding Purchase Contracts and indemnification
satisfactory to it and shall not be liable for any delay in acting caused while awaiting such direction. 
 Section 8.04. Not
Responsible for Recitals. The recitals contained herein and in the Certificates shall be taken as the statements of the Company and neither the Purchase Contract Agent nor the Trustee assumes any responsibility for their accuracy. Neither the
Purchase Contract Agent nor the Trustee makes any representations as to the validity or sufficiency of either this Agreement or of the Purchase Contracts. Neither the Purchase Contract Agent nor the Trustee shall be accountable for the use or
application by the Company of the proceeds in respect of the Purchase Contracts. 

  
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 Section 8.05. May Hold Units and Purchase Contracts. Any Security Registrar or
any other agent of the Company, or the Purchase Contract Agent, the Trustee and any of their Affiliates, in their individual or any other capacity, may become the owner of Units, Separate Purchase Contracts and Separate Notes and may otherwise deal
with the Company or any other Person with the same rights it would have if it were not Security Registrar or such other agent, or the Purchase Contract Agent. The Company may become the owner of Units, Separate Purchase Contracts and Separate Notes.

 Section 8.06. Money Held in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated
from other funds except to the extent required by law or provided herein. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as specifically instructed by the Company in an
Issuer Order. 
 Section 8.07. Compensation, Reimbursement and Indemnification. The Company covenants and agrees to pay to the
Purchase Contract Agent from time to time, and the Purchase Contract Agent shall be entitled to, such compensation as shall be agreed to in writing between the Company and the Purchase Contract Agent and the Company covenants and agrees to pay or
reimburse the Purchase Contract Agent and each predecessor Purchase Contract Agent upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of this
Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its gross
negligence or bad faith. The Company also covenants to indemnify the Purchase Contract Agent and each predecessor Purchase Contract Agent for, and to hold it harmless against, any and all loss, liability, damage, claim or expense, including taxes
(other than taxes based on the income of the Purchase Contract Agent), incurred without gross negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this Agreement and its duties hereunder,
including the costs and expenses of defending itself against or investigating any claim or liability (regardless of whether such claim is brought by the Company or any third party). The provisions of this Section 8.07 shall survive the
resignation or removal of the Purchase Contract Agent and the termination of this Agreement. If the Purchase Contract Agent incurs any expenses, or if the Purchase Contract Agent is entitled to any compensation for services rendered (including fees
and expenses of its agent and counsel), in each case, in connection with the performance of its obligations under this Agreement after the occurrence of a Bankruptcy Event, then any such expenses or compensation are intended to constitute expenses
of administration under applicable Bankruptcy Laws. As security for the performance of the obligations of the Company under this Section the Purchase Contract Agent shall have a lien prior to the Holders upon all property and funds held or collected
by the Purchase Contract Agent as such, except funds or property held in trust for payment to the Holders. 

  
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 Section 8.08. Corporate Purchase Contract Agent Required; Eligibility. There
shall at all times be a Purchase Contract Agent hereunder. The Purchase Contract Agent shall at all times be a corporation organized and doing business under the laws of the United States of America or of any state thereof or the District of
Columbia having a combined capital and surplus of at least $25,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by federal, state or District of Columbia authority, or a
corporation or other Person permitted to act as trustee by the Commission. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Purchase Contract Agent
shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect specified in this Article. 

Section 8.09. Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Purchase Contract Agent
and no appointment of a successor Purchase Contract Agent pursuant to this Article shall become effective until the acceptance of appointment by the successor Purchase Contract Agent in accordance with the applicable requirements of
Section 8.10. 
 (b) The Purchase Contract Agent may resign at any time by giving written notice thereof to the Company
60 days prior to the effective date of such resignation. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 8.10 shall not have been delivered to the Purchase Contract Agent within 30 days after the
giving of such notice of resignation, the resigning Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(c) The Purchase Contract Agent may be removed at any time the Holders of a majority in number of the Outstanding Purchase
Contracts. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 8.10 shall not have been delivered to the Purchase Contract Agent within 30 days after evidence of such removal is delivered to the Company
and Purchase Contract Agent, the removed Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(d) If at any time: 

(i) the Purchase Contract Agent shall cease to be eligible under Section 8.08 and shall fail to resign after written
request therefor by the Company or by any such Holder; or 
 (ii) the Purchase Contract Agent shall be adjudged bankrupt or
insolvent or a receiver of the Purchase Contract Agent or of its property shall be appointed or any public officer shall take charge or control of the Purchase Contract Agent or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then, in any such case, (x) the Company by a Board Resolution may remove the Purchase Contract Agent, or (y) any Holder who has been a bona fide Holder of a Purchase Contract for at least six months may, on
behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Purchase Contract Agent and the appointment of a successor Purchase Contract Agent. 

  
 57 

 (e) If the Purchase Contract Agent shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Purchase Contract Agent for any cause, the Company shall promptly appoint a successor Purchase Contract Agent and shall comply with the applicable requirements of Section 8.10.
If no successor Purchase Contract Agent shall have been so appointed by the Company and accepted appointment in the manner required by Section 8.10, any Holder who has been a bona fide Holder of a Purchase Contract for at least six months, on
behalf of itself and all others similarly situated, or the Purchase Contract Agent may petition at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(f) The Company shall give, or shall cause such successor Purchase Contract Agent to give, notice of each resignation and each
removal of the Purchase Contract Agent and each appointment of a successor Purchase Contract Agent to Holders. Each notice shall include the name of the successor Purchase Contract Agent and the address of its Corporate Trust Office. 

Section 8.10. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor Purchase
Contract Agent, every such successor Purchase Contract Agent so appointed shall execute, acknowledge and deliver to the Company and to the retiring Purchase Contract Agent an instrument accepting such appointment, and thereupon the resignation or
removal of the retiring Purchase Contract Agent shall become effective and such successor Purchase Contract Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, agencies and duties of the retiring
Purchase Contract Agent. At the request of the Company or the successor Purchase Contract Agent, such retiring Purchase Contract Agent shall, upon its receipt of payment or reimbursement of any amounts due to it hereunder, execute and deliver an
instrument transferring to such successor Purchase Contract Agent all the rights, powers and trusts of the retiring Purchase Contract Agent and shall duly assign, transfer and deliver to such successor Purchase Contract Agent all property and money
held by such retiring Purchase Contract Agent hereunder. 
 (b) Upon request of any such successor Purchase Contract Agent,
the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Purchase Contract Agent all such rights, powers and agencies referred to in paragraph (a) of this Section. 

(c) No successor Purchase Contract Agent shall accept its appointment unless at the time of such acceptance such successor
Purchase Contract Agent shall be qualified and eligible under this Article. 

  
 58 

 Section 8.11. Merger; Conversion; Consolidation or Succession to Business. Any
corporation into which the Purchase Contract Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Purchase Contract Agent shall be a party, or
any corporation succeeding to all or substantially all the corporate trust business of the Purchase Contract Agent, shall be the successor of the Purchase Contract Agent hereunder; provided that such corporation shall be otherwise qualified
and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. If any Equity-Linked Securities shall have been authenticated on behalf of the Holders by the Trustee and
Purchase Contract Agent then in office, but not delivered, any successor by merger, conversion or consolidation to such Purchase Contract Agent may adopt such Purchase Contract Agent’s authentication and deliver the Equity-Linked Securities so
authenticated with the same effect as if such successor Purchase Contract Agent had itself authenticated such Equity-Linked Securities. 

Section 8.12. Preservation of Information; Communications to Holders. (a) The Purchase Contract Agent shall preserve, in as
current a form as is reasonably practicable, the names and addresses of Holders as received by the Purchase Contract Agent in its capacity as Security Registrar. 

(b) If three or more Holders (such three or more Holders, the “Applicants”) apply in writing to the Purchase
Contract Agent, and furnish to the Purchase Contract Agent reasonable proof that each such Applicant has owned a Unit or Separate Purchase Contract for a period of at least six months preceding the date of such application, and such application
states that the Applicants desire to communicate with other Holders with respect to their rights under this Agreement or under the Units or Separate Purchase Contracts and is accompanied by a copy of the form of proxy or other communication that
such Applicants propose to transmit, then the Purchase Contract Agent shall transmit to all the Holders copies of the form of proxy or other communication that is specified in such request, with reasonable promptness after a tender to the Purchase
Contract Agent of the materials to be transmitted and of payment, or provision for the payment, of the reasonable expenses of such transmission. 

Section 8.13. No Other Obligations of Purchase Contract Agent or Trustee. Except to the extent otherwise expressly provided in this
Agreement, neither the Purchase Contract Agent nor Trustee assumes any obligations, and neither the Purchase Contract Agent nor Trustee shall be subject to any liability, under this Agreement or any Security evidencing a Unit or Purchase Contract in
respect of the obligations of the Holder of any Unit or Purchase Contract thereunder. The Company agrees, and each Holder of a Security, by his or her acceptance thereof, shall be deemed to have agreed, that the Purchase Contract Agent’s and/or
Trustee’s authentication, as applicable, of the Securities on behalf of the Holders shall be solely as agent and attorney-in-fact for the Holders, and that neither
the Purchase Contract Agent nor Trustee shall have any obligation to perform such Purchase Contracts (whether held as components of Units or Separate Purchase Contracts) on behalf of the Holders, except to the extent expressly provided in Article 3
hereof. 
 Section 8.14. Tax Compliance. (a) The Purchase Contract Agent shall comply with all applicable certification,
information reporting and withholding (including “backup” withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any shares of Common Stock delivered upon settlement of the
Purchase Contracts, any amounts paid in lieu of fractional shares of Common Stock upon settlement or redemption of the Purchase Contracts, and any other amounts included in the Purchase Contract Settlement Fund 

  
 59 

 
paid to Holders upon settlement or redemption of any Purchase Contracts or (ii) the issuance, delivery, holding, transfer or exercise of rights under the Purchase Contracts. Such compliance
shall include, without limitation, the preparation and timely filing of required returns and the timely payment of all amounts required to be withheld to the appropriate taxing authority or its designated agent. Notwithstanding anything to the
contrary, but without limiting the requirements imposed by applicable tax laws, the Purchase Contract Agent’s obligations under this Section 8.14 shall extend only to form 1099 reporting and any applicable withholding unless and until the
Purchase Contract Agent is otherwise notified by the Company pursuant to paragraph (b) below. 
 (b) The Purchase
Contract Agent shall, in accordance with the terms hereof, comply with any written direction received from the Company with respect to the execution or certification of any required documentation and the application of such requirements to
particular payments or Holders or in other particular circumstances, and may for purposes of this Agreement conclusively rely on any such direction in accordance with the provisions of Section 8.01(b)(ii). 

(c) The Purchase Contract Agent shall maintain all appropriate records documenting compliance with such requirements, and shall
make such records available, on written request, to the Company or its authorized representative within a reasonable period of time after receipt of such request. For the avoidance of doubt, any costs or expenses incurred by the Purchase Contract
Agent in connection with complying with its obligations under this shall be covered by Section 8.07. 
 ARTICLE IX 

SUPPLEMENTAL AGREEMENTS 

Section 9.01. Supplemental Agreements Without Consent of Holders. Without the consent of any Holders, the Company, the Purchase
Contract Agent and the Trustee at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Purchase Contract Agent, for the purpose of modifying in any manner the terms of
the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Purchase Contracts: 

(i) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants and
obligations of the Company under this Agreement and the Units and Separate Purchase Contracts, if any; 
 (ii) to add to the
covenants for the benefit of Holders or to surrender any of the Company’s rights or powers under this Agreement; 

(iii) to evidence and provide for the acceptance of appointment of a successor Purchase Contract Agent; 

(iv) upon the occurrence of a Reorganization Event, solely (i) to provide that each Purchase Contract will become a
contract to purchase Exchange Property and (ii) to effect the related changes to the terms of the Purchase Contracts and the provisions of this Agreement, in each case, pursuant to Section 5.02; 

  
 60 

 (v) to conform the terms of the Purchase Contracts or the provisions of this
Agreement to the “Description of the Purchase Contracts,” and “Description of the Units” sections in the Prospectus Supplement, as supplemented and/or amended by the related pricing term sheet; 

(vi) to cure any ambiguity or manifest error, or to correct or supplement any provisions that may be inconsistent; or 

(vii) to make any other provisions with respect to such matters or questions, so long as such action does not adversely affect
the interest of the Holders. 
 Section 9.02. Supplemental Agreements with Consent of Holders. With the consent of the Holders
of not less than a majority in number of the Outstanding Purchase Contracts, the Company, the Purchase Contract Agent and Trustee may enter into an one or more agreements supplemental hereto for the purpose of modifying in any manner the terms of
the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Purchase Contracts; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the
consent of each Holder of an Outstanding Purchase Contract affected thereby: 
 (i) reduce the number of shares of Common
Stock deliverable upon settlement of the Purchase Contracts (except to the extent expressly provided in Section 5.01); 

(ii) change the Mandatory Settlement Date, or adversely modify the right to settle Purchase Contracts early or the Fundamental
Change Early Settlement Right; 
 (iii) reduce the Redemption Amount or adversely modify the right of any Holder to receive
such amount if the Company elects to redeem the Purchase Contract in connection with a Merger Termination Redemption; 
 (iv)
reduce the above-stated percentage of Outstanding Purchase Contracts the consent of the Holders of which is required for the modification or amendment of the provisions of the Purchase Contracts or the Purchase Contract Agreement; or 

(v) impair the right to institute suit for the enforcement of the Purchase Contracts. 

It shall not be necessary for any consent of Holders under this Section to approve the particular form of any proposed supplemental agreement,
but it shall be sufficient if such consent shall approve the substance thereof. 
 Section 9.03. Execution of Supplemental
Agreements. In executing, or accepting the additional agencies created by, any supplemental agreement permitted by this Article or the modifications thereby of the agencies created by this Agreement, the Purchase Contract Agent and Trustee shall
be provided, and (subject to Section 8.01) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such supplemental agreement is authorized or permitted by this Agreement
and does not violate the 

  
 61 

 Indenture, and that any and all conditions precedent to the execution and delivery of such
supplemental agreement have been satisfied. The Purchase Contract Agent and Trustee may, but shall not be obligated to, enter into any such supplemental agreement that affects the Purchase Contract Agent’s or Trustee’s own rights, duties
or immunities under this Agreement or otherwise. 
 Section 9.04. Effect of Supplemental Agreements. Upon the execution of any
supplemental agreement under this Article, this Agreement and the Equity-Linked Securities shall be modified in accordance therewith, and such supplemental agreement shall form a part of this Agreement and the Equity Linked Securities for all
purposes; and every Holder of Securities theretofore or thereafter authenticated on behalf of the Holders and delivered hereunder, shall be bound thereby. 

Section 9.05. Reference to Supplemental Agreements. Securities authenticated on behalf of the Holders and delivered after the
execution of any supplemental agreement pursuant to this Article may, and shall if required by the Purchase Contract Agent, bear a notation in form approved by the Purchase Contract Agent as to any matter provided for in such supplemental agreement.
If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Purchase Contract Agent, the Trustee and the Company, to any such supplemental agreement may be prepared and executed by the Company and authenticated
on behalf of the Holders and delivered by the Purchase Contract Agent in exchange for outstanding Securities. 
 Section 9.06.
Notice of Supplemental Agreements. After any supplemental agreement under this Article becomes effective, the Company shall give to the Holders a notice briefly describing such supplemental agreement; provided, however, that the
failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of such supplemental agreement. 

ARTICLE X 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 10.01. Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions. The Company
covenants that it will not merge with and into, consolidate with any other Person or sell, assign, transfer, lease or convey all or substantially all of its properties and assets to any Person, unless: 

(i) the successor entity to such consolidation or merger, or the entity which acquires all or substantially all of the
Company’s assets, shall expressly assume all of the Company’s obligations under the Purchase Contracts and this Agreement via a supplement to this Agreement; 

(ii) the successor entity to such consolidation or merger, or the entity which acquires all or substantially all of the
Company’s assets, shall be a corporation organized and existing under the laws of the United States or any state thereof or the District of Columbia; and 

  
 62 

 (iii) immediately after the merger, consolidation, sale, assignment,
transfer, lease or conveyance, no default has occurred and is continuing under the Purchase Contracts or this Agreement. 

Section 10.02. Rights and Duties of Successor Entity. In case of any such merger, consolidation, sale, assignment, transfer or
conveyance (but not any such lease) and upon any such assumption by a successor entity in accordance with Section 10.01, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named
herein as the Company. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities evidencing Units or Purchase Contracts issuable hereunder which
theretofore shall not have been signed by the Company and delivered to the Purchase Contract Agent; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Agreement
prescribed, the Purchase Contract Agent and Trustee (if applicable) shall authenticate on behalf of the Holders and deliver any Securities that previously shall have been signed and delivered by the officers of the Company to the Purchase Contract
Agent and Trustee for authentication, and any Security evidencing Units or Purchase Contracts that such successor corporation thereafter shall cause to be signed and delivered to the Purchase Contract Agent and Trustee for that purpose. All the
Securities issued shall in all respects have the same legal rank and benefit under this Agreement as the Securities theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Securities had been issued at
the date of the execution hereof. 
 In the event of any such merger, consolidation, sale, assignment, transfer, lease or conveyance, such
change in phraseology and form (but not in substance) may be made in the Securities evidencing Units or Purchase Contracts thereafter to be issued as may be appropriate. 

Section 10.03. Officer’s Certificate and Opinion of Counsel Given to Purchase Contract Agent. The Purchase
Contract Agent, subject to Section 8.01 and Section 8.03, shall receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any such merger, consolidation, sale, assignment, transfer, lease or conveyance,
and any such assumption, complies with the provisions of this Article and that all conditions precedent to the consummation of any such merger, consolidation, sale, assignment, transfer, lease or conveyance have been met. 

ARTICLE XI 
 COVENANTS OF
THE COMPANY 
 Section 11.01. Performance Under Purchase Contracts. The Company covenants and agrees for the benefit of the
Holders from time to time of the Units and Purchase Contracts, as the case may be, that it will duly and punctually perform its obligations under the Units and Purchase Contracts, as the case may be, in accordance with the terms of the Units and
Purchase Contracts and this Agreement. 

  
 63 

 Section 11.02. Maintenance of Office or Agency. The Company will maintain in the
Borough of Manhattan, New York City an office or agency where Securities may be presented or surrendered for acquisition of shares of Common Stock (and/or in the case of a Merger 

Termination Redemption, any cash included in the Redemption Amount) upon settlement or redemption of the Purchase Contracts on any Settlement
Date, and where notices and demands to or upon the Company in respect of the Purchase Contracts and this Agreement may be served. The Company will give prompt written notice to the Purchase Contract Agent of the location, and any change in the
location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Purchase Contract Agent with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office, and the Company hereby appoints the Purchase Contract Agent as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies where Securities may be presented or surrendered for
any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough
of Manhattan, New York City for such purposes. The Company will give prompt written notice to the Purchase Contract Agent of any such designation or rescission and of any change in the location of any such other office or agency. The Company hereby
designates as the place of payment for the Purchase Contracts the Corporate Trust Office and appoints the Purchase Contract Agent at its Corporate Trust Office as paying agent in such city. 

Section 11.03. Statements of Officers of the Company as to Default; Notice of Default. The Company will deliver to the Purchase
Contract Agent, within 120 days after the end of each fiscal year of the Company (which fiscal year ends, as of the Issue Date, on December 31, 2019) ending after the date hereof, an Officer’s Certificate, stating whether or not to the
knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions hereof, and if the Company shall be in default, specifying all such defaults and the nature and status
thereof of which they may have knowledge and what action the Company is taking or proposes to take with respect thereto. 

Section 11.04. Existence. The Company shall do or cause to be done all things necessary to preserve and keep in full force and
effect its corporate existence in accordance with its organizational documents; provided that this Section 11.04 shall not prohibit any transaction otherwise permitted by Article 10. 

Section 11.05. Company to Reserve Common Stock. The Company shall at all times reserve and keep available out of its authorized
but unissued Common Stock, solely for issuance upon settlement or redemption of the Purchase Contracts, the number of shares of Common Stock that would be issuable upon the settlement of all Outstanding Purchase Contracts (whether or not included in
a Unit), assuming settlement at the Maximum Settlement Rate. 
 Section 11.06. Covenants as to Common Stock. The Company
covenants that all shares of Common Stock issuable upon settlement or redemption of any Outstanding Purchase Contract will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable, free from all taxes, liens and charges and
not subject to any preemptive rights. 

  
 64 

 The Company further covenants that, as long as the Common Stock is listed on the NYSE or any
other national securities exchange, the Company will, if permitted by the rules of such exchange, list and keep listed, so long as the Common Stock shall be so listed on such exchange, all Common Stock issuable upon settlement or redemption of the
Purchase Contracts; provided, however, that, if the rules of such exchange system permit the Company to defer the listing of such Common Stock until the first delivery of Common Stock upon settlement or redemption of Purchase Contracts
in accordance with the provisions of this Agreement, the Company covenants to list such Common Stock issuable upon settlement or redemption of the Purchase Contracts in accordance with the requirements of such exchange at such time. 

Section 11.07. Tax Treatment. The Company agrees, and by purchasing a Unit each Beneficial Holder agrees, for United States
federal income tax purposes, to (a) treat a Unit as an investment unit composed of two separate instruments, in accordance with its form, (b) treat the Notes as indebtedness of the Company and (c) in the case of each Beneficial Holder
acquiring the Units at original issuance, allocate the Stated Amount of each Unit between the Note and the Purchase Contract so that such Beneficial Holder’s initial tax basis in each Purchase Contract will be $84.3901 and each such Beneficial
Holder’s initial tax basis in each Note will be $15.6099 (as reflected in the cross-receipt for the Units’ initial issuance). 

[Remainder of this page intentionally left blank] 

  
 65 

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

			
	COLFAX CORPORATION
		
	By:	 	 /s/ Christopher Hix

	Name:	 	Christopher Hix
	Title:	 	Senior Vice President, Finance, Chief Financial Officer and Treasurer
	
	U.S. BANK NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	 /s/ Philip G. Kane, Jr.

	Name:	 	Philip G. Kane, Jr.
	Title:	 	Vice President
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee under the Indenture
		
	By:	 	 /s/ Philip G. Kane, Jr.

	Name:	 	Philip G. Kane, Jr.
	Title:	 	Vice President
	
	U.S. BANK NATIONAL ASSOCIATION, as Attorney-in-Fact of the Holders from time to time as provided under the Purchase Contract
Agreement
		
	By:	 	 /s/ Philip G. Kane, Jr.

	Name:	 	Philip G. Kane, Jr.
	Title:	 	Vice President

 [Signature Page to Purchase Contract Agreement] 

 

 EXHIBIT A 

[FORM OF FACE OF UNIT] 
 [THIS
SECURITY IS A GLOBAL UNIT WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE, OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), 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.]* 
  

	* 	 Include if a Global Unit. 

  
 A-1 

 COLFAX CORPORATION 

5.75% TANGIBLE EQUITY UNITS 
  

			
	 CUSIP No. 194014 205

ISIN No. US1940142052
	 	
	 No.
	 	[Initial]* Number of Units

 This Unit certifies that [CEDE & CO., as nominee of The Depository Trust Company]* [ 🌑 ]** (the “Holder”), or registered assigns, is the registered owner of the number of Units set forth above[, which number may from time
to time be reduced or increased, as set forth on Schedule A, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as defined below), but which number, taken together with the number of all other outstanding Units, shall
not exceed 4,600,000 Units at any time]*. 
 Each Unit consists of (i) a Purchase Contract issued by the Company, and (ii) a Note
issued by the Company. Each Unit evidenced hereby is governed by a Purchase Contract Agreement, dated as of January 11, 2019 (as may be supplemented from time to time, the “Purchase Contract Agreement”), between the Company and
U.S. Bank National Association, as Purchase Contract Agent (including its successors hereunder, the “Purchase Contract Agent”), as Trustee (including its successors hereunder, the “Trustee”) under the Indenture and
as attorney-in-fact for the Holders of Purchase Contracts from time to time. 

Reference is hereby made to the Purchase Contract Agreement and the Indenture and, in each case supplemental agreements thereto, for a
description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract Agent, the Trustee, the Company and the Holders and of the terms upon which the Units are, and are to be, executed
and delivered. 
 Upon the conditions and under the circumstances set forth in the Purchase Contract Agreement, Holders of Units shall have
the right to separate a Unit into its component parts, and a Holder of a Separate Purchase Contract and Separate Note shall have the right to re-create a Unit. 

The Company agrees, and by purchasing a Unit each Beneficial Holder agrees, for United States federal income tax purposes, to (1) treat
each Unit as an investment unit composed of two separate instruments, in accordance with its form, (2) treat each Note as indebtedness of the Company and (3) in the case of each Beneficial Holder acquiring the Units at original issuance,
allocate the Stated Amount of each Unit between the Note and the Purchase Contract so that such Beneficial Holder’s initial tax basis in each Purchase Contract will be $84.3901 and each such Beneficial Holder’s initial tax basis in each
Note will be $15.6099. 
  
  

	* 	 Include only if a Global Unit. 

	** 	 Include only if not a Global Unit. 

  
 A-2 

 The Units shall be governed by, and construed in accordance with, the laws of the State
of New York. 
 Capitalized terms used herein and not defined have the meanings given to such terms in the Purchase Contract Agreement.

 In the event of any inconsistency between the provisions of this Unit and the provisions of the Purchase Contract Agreement, the Purchase
Contract Agreement shall prevail. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

			
	COLFAX CORPORATION

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-4 

 UNIT CERTIFICATE OF AUTHENTICATION 

OF PURCHASE CONTRACT AGENT AND TRUSTEE UNDER THE INDENTURE 

This is one of the Units referred to in the within mentioned Purchase Contract Agreement. 

Dated: 
  

			
	U.S. BANK NATIONAL ASSOCIATION, as Purchase Contract Agent

 
			
		
	By:	 	  

 
			
	Authorized Signatory

 
			
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee under the Indenture

 
			
		
	By:	 	  

 
			
	Authorized Signatory

  
 A-5 

 [FORM OF REVERSE OF UNIT] 

[Intentionally Blank] 

  
 A-6 

 SCHEDULE A* 

[SCHEDULE OF INCREASES OR DECREASES IN GLOBAL UNIT] 

The initial number of Units evidenced by this Global Unit is [ 🌑 ]. The following
increases or decreases in this Global Unit have been made: 
  

									
	 Date
	  	Amount of
increase in number
of Units evidenced
by the Global Unit	  	Amount of
decrease in
number of Units
evidenced by the
Global Unit	  	Number of Units
evidenced by the
Global Unit
following such
decrease or
increase	  	Signature of
authorized
signatory of
Purchase Contract
Agent
	 	  		  		  		  	

  

	* 	 Include only if a Global Unit. 

  
 A-7 

 ATTACHMENT 1 

[FORM OF SEPARATION NOTICE] 
 U.S. BANK NATIONAL
ASSOCIATION 
 Goodwin Square, 225 Asylum Street, 23rd Floor 

Hartford, Connecticut 06103 
 Attention: Corporate Trust Services,
re: Colfax Corporation 
 Re: Separation of [Global]* Units 

The undersigned [Beneficial Holder]* hereby notifies you that it wishes to separate Units [as to which it holds a Book-Entry Interest]* (the
“Relevant Units”) into a number of Notes equal to the number of Relevant Units and a number of Purchase Contracts equal to the number of Relevant Units in accordance with the Purchase Contract Agreement (the “Purchase
Contract Agreement”) dated January 11, 2019 between the Company and U.S. Bank National Association, as Purchase Contract Agent, as Trustee under the Indenture and as
attorney-in-fact for the Holders of Purchase Contracts from time to time. Terms used and not defined herein have the meaning assigned to such terms in the Purchase
Contract Agreement. 
 The undersigned [includes herewith]** [Beneficial Holder has
instructed the undersigned Depository Participant to transfer to you its Book-Entry Interests in]* the number of Units specified in the immediately succeeding paragraph. The undersigned [includes herewith]** [Beneficial Holder has furnished the
undersigned Depository Participant with]* the appropriate endorsements and documents and paid all applicable transfer or similar taxes, if any, to the extent required by the Purchase Contract Agreement. 

Please [deliver to the undersigned’s address specified below]** [transfer to the account of the undersigned Beneficial Holder with the
undersigned Depositary Participant the beneficial interests in]* (i) the number of Separate Notes and (ii) number of Separate Purchase Contracts represented by the number of Units specified above. 

[SIGNATURES ON THE FOLLOWING PAGE] 
  

 

	* 	 Include only if a Global Unit. 

	** 	 Include only if not a Global Unit. 

  
 A-8 

 IN WITNESS WHEREOF, the [undersigned has caused this instrument to be duly executed]* [Depository Participant has caused this instrument to be duly executed on behalf of itself and the undersigned Beneficial Holder]** 

Dated: 
  

			
	[NAME OF BENEFICIAL HOLDER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

  

			
	[NAME OF DEPOSITORY PARTICIPANT]*
		
	By:	 	  

		 	Name:
		 	Address:
	
	Attest By:

  
  

	* 	 Include only if not a Global Unit. 

	** 	 Include only if a Global Unit. 

  
 A-9 

 ATTACHMENT 2 

[FORM OF RECREATION NOTICE] 
 U.S. BANK NATIONAL
ASSOCIATION 
 Goodwin Square, 225 Asylum Street, 23rd Floor 

Hartford, Connecticut 06103 
 Attention: Corporate Trust Services,
re: Colfax Corporation 
 Re: Recreation of [Global]* Units 

The undersigned [Beneficial Holder]* hereby notifies you that it wishes to recreate Units [as to which it holds a Book-Entry Interest]* (the
“New Units”) from a number of Separate Notes equal to the number of New Units and a number of Separate Purchase Contracts equal to the number of New Units in accordance with the Purchase Contract Agreement (the “Purchase
Contract Agreement”) dated as of January 11, 2019 between the Company and U.S. Bank National Association, as Purchase Contract Agent, as Trustee under the Indenture and as
attorney-in-fact for the Holders of Purchase Contracts from time to time. Terms used and not defined herein have the meaning assigned to such terms in the Purchase
Contract Agreement. 
 The undersigned [includes herewith]** [Beneficial Holder has
instructed the undersigned Depository Participant to transfer to you its Book-Entry Interests in]* the applicable number of Separate Notes and the applicable number of Separate Purchase Contracts sufficient for the recreation of the number of Units
specified above. The undersigned [includes herewith]** [Beneficial Holder has furnished the undersigned Depository Participant with]* the appropriate endorsements and documents and paid all applicable transfer or similar taxes, if any, to the extent
required by the Purchase Contract Agreement. 
 Please [deliver to the undersigned’s address specified below]** [transfer to the
account of the undersigned Beneficial Holder with the undersigned Depositary Participant the beneficial interests in]* the number of Units specified above. 

[SIGNATURES ON THE FOLLOWING PAGE] 
  

 

	* 	 Include only if a Global Unit. 

	** 	 Include only if not a Global Unit. 

  
 A-10 

 IN WITNESS WHEREOF, the [undersigned has caused this instrument to be duly executed]* [Depository Participant has caused this instrument to be duly executed on behalf of itself and the undersigned Beneficial Holder]** 

Dated: 
  

			
	[NAME OF BENEFICIAL HOLDER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

  

			
	[NAME OF DEPOSITORY PARTICIPANT]*
		
	By:	 	  

		 	Name:
		 	Address:
	
	Attest By:

  
  

	* 	 Include only if not a Global Unit. 

	** 	 Include only if a Global Unit. 

  
 A-11 

 ATTACHMENT 3 

COLFAX CORPORATION 
 PURCHASE
CONTRACTS 
  

			
	No.         	  	Initial Number of Purchase Contracts:              

 This Purchase Contract certifies that, U.S. Bank National Association, as attorney-in-fact of holder(s) of the Purchase Contracts evidenced hereby, or its registered assigns (the “Holder”) is the registered owner of the number of Purchase Contracts set forth above,
which number may from time to time be reduced or increased as set forth on Schedule A hereto, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as defined below), but which number of Purchase Contracts, taken together
with the number of all other Outstanding Purchase Contracts, shall not exceed 4,600,000 Purchase Contracts at any time. 
 Each Purchase
Contract consists of the rights of the Holder under such Purchase Contract with the Company. All capitalized terms used herein which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth
therein. 
 Each Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract on the
Mandatory Settlement Date a number shares of Common Stock, $0.001 par value (“Common Stock”), of the Company equal to the Settlement Rate, unless such Purchase Contract has settled or been redeemed prior to the Mandatory Settlement
Date, all as provided in the Purchase Contract Agreement and more fully described on the reverse hereof. 
 Reference is hereby made to the
further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

[SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-12 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	COLFAX CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: 

  
 A-13 

 
			
	REGISTERED HOLDER(S) (as to obligations of such holder(s) under the Purchase Contracts evidenced hereby)
		
	By:	 	U.S. BANK NATIONAL ASSOCIATION, not individually but solely as Attorney-in-Fact of such holder(s)
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-14 

 PURCHASE CONTRACT CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 
 This is
one of the Purchase Contracts referred to in the within-mentioned Purchase Contract Agreement. 
  

			
	U.S. BANK NATIONAL ASSOCIATION as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 A-15 

 [REVERSE OF PURCHASE CONTRACT] 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of January 11, 2019 (as may be
supplemented from time to time, the “Purchase Contract Agreement”), between Colfax Corporation, a Delaware corporation (the “Company”) and U.S. Bank National Association, as Purchase Contract Agent (including its
successors hereunder, the “Purchase Contract Agent”), as Trustee under the Indenture and as attorney-in-fact for the Holders of Purchase Contracts from
time to time. Reference is hereby made to the Purchase Contract Agreement and supplemental agreements thereto for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract
Agent, the Company and the Holders and of the terms upon which the Purchase Contracts are, and are to be, executed and delivered. 
 Each
Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract, on the Mandatory Settlement Date, a number of shares of Common Stock equal to the Settlement Rate, unless such Purchase Contract has settled
or been redeemed prior to the Mandatory Settlement Date, in either case, pursuant to the terms of the Purchase Contract Agreement. 
 No
fractional shares of Common Stock will be issued upon settlement or redemption of Purchase Contracts, as provided in Section 4.13 of the Purchase Contract Agreement. 

The Purchase Contracts are issuable only in registered form and only in denominations of a single Purchase Contract and any integral multiple
thereof. The transfer of any Purchase Contract will be registered and Purchase Contracts may be exchanged as provided in the Purchase Contract Agreement. 

The Purchase Contracts are initially being issued as part of the 5.75% Tangible Equity Units (the “Units”) issued by the
Company pursuant to the Purchase Contract Agreement. Holders of the Units have the right to separate such Units into their constituent parts, consisting of Separate Notes and Separate Purchase Contracts, during the times, and under the
circumstances, described in the Purchase Contract Agreement. Following separation of any Unit into its constituent parts, the Separate Purchase Contracts are transferable independently from the Separate Notes. In addition, Separate Purchase
Contracts can be recombined with Separate Notes to recreate Units, as provided for in the Purchase Contract Agreement. 
 The Holder of this
Purchase Contract, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement on its behalf as its
attorney-in-fact and agrees to be bound by the terms and provisions thereof. 

Subject to certain exceptions set forth in the Purchase Contract Agreement, the provisions of the Purchase Contract Agreement may be amended
with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in
accordance with, the laws of the State of New York. 

  
 A-16 

 The Company, the Purchase Contract Agent, and any agent of the Company or the Purchase
Contract Agent, may treat the Person in whose name this Purchase Contract is registered as the owner of the Purchase Contracts, evidenced hereby, for the purpose of performance of the Purchase Contracts evidenced by such Purchase Contracts and for
all other purposes whatsoever, and neither the Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

The Purchase Contracts shall not entitle the Holder to any of the rights of a holder of the Common Stock or other Exchange Property, except as
provided by the Purchase Contract Agreement. 
 Each Purchase Contract (whether or not included in a Unit) is a security governed by Article
8 of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 
 Unless a conformed copy of the Purchase
Contract Agreement has been filed on the EDGAR system of the U.S. Securities and Exchange Commission, a copy of the Purchase Contract Agreement will be available for inspection at the offices of the Company. 

In the event of any inconsistency between the provisions of this Purchase Contract and the provisions of the Purchase Contract Agreement, the
Purchase Contract Agreement shall prevail. 

  
 A-17 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

					
	TEN COM:	  	as tenants in common	  	
	UNIF GIFT MIN ACT:	  	Custodian	  	
		  	(cust)	  	(minor)
		  	Under Uniform Gifts to Minors	  	
		  	Act of	  	
			
	TENANT:	  	as tenants by the entireties	  	
	JT TEN:	  	as joint tenants with rights of survivorship and not as tenants in common	  	

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Purchase Contracts and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Purchase Contracts on the
books of the Company with full power of substitution in the premises. 
  

			
	DATED:	  	Signature
		  	Notice: The signature to this assignment must correspond with the name as it appears upon the face of the within Purchase Contracts in every particular, without alteration or enlargement or any change whatsoever.

 Signature Guarantee: 

  
 A-18 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon settlement
or redemption of the number of Purchase Contracts evidenced by this Purchase Contract be registered in the name of, and delivered, together with a check in payment for any fractional share (or cash included in the Redemption Amount, if applicable),
to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned,
the undersigned will pay any documentary, stamp or similar issue or transfer tax payable incidental thereto, as provided in the Purchase Contract Agreement. 
  

			
	Dated:	 	  

		
		 	Signature
		 	Signature Guarantee:
		 	(if assigned to another Person)

 If shares are to be registered in the name of and delivered to (or cash is to be paid to) a Person other than the Holder,
please (i) print such Person’s name and address and (ii) provide a guarantee of your signature: 
  

					
	  
	 		  	  

	Name	 		  	Name
	Address	 		  	Address
	  
	 		  	  

 Social Security or other Taxpayer Identification Number, if any 

  
 A-19 

 ELECTION TO SETTLE EARLY 

The undersigned Holder of this Purchase Contract hereby irrevocably exercises the option to effect Early Settlement (which Early Settlement
may, as applicable, be deemed to be in connection with a Fundamental Change pursuant to Section 4.07 of the Purchase Contract Agreement) in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts
evidenced by this Purchase Contract as specified below. The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon such Early Settlement be registered in the name of, and
delivered, together with a check in payment for any fractional share and any Purchase Contract representing any Purchase Contracts evidenced hereby as to which Early Settlement is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any documentary, stamp or
similar issue or transfer tax payable incident thereto, as provided in the Purchase Contract Agreement. 
  

			
	Dated:	 	  

		
		 	Signature

 Signature Guarantee: 

  
 A-20 

 Number of Purchase Contracts evidenced hereby as to which Early Settlement is being elected:

  

			
	 If shares of Common Stock or Purchase Contracts are to be registered in the name of and delivered to a Person other than the Holder,
please print such Person’s name and address:
  
	  	 REGISTERED HOLDER
 Please print name and address
of Registered Holder:

	                                      
                                         
 	  	                                      
                                         
 
	Name	  	Name
	Address	  	Address
	                                      
                                         
 	  	                                      
                                         
 

 Social Security or other Taxpayer Identification Number, if any 

  
 A-21 

 SCHEDULE A* 

SCHEDULE OF INCREASES OR DECREASES 

IN THE PURCHASE CONTRACT 
 The
initial number of Purchase Contracts evidenced by this certificate is [ 🌑 ]. The following increases or decreases in this certificate have been made: 

 

									
	 Date
	  	 Amount of

increase in number
 of
Purchase
 Contracts

evidenced hereby
	  	 Amount of

decrease in
 number
of
 Purchase

Contracts
 evidenced
hereby
	  	
Number of
Purchase
Contracts
evidenced hereby
following such
decrease or
increase
	  	 Signature of

authorized
signatory of
Purchase Contract

		  		  		  		  	

  

	* 	 Include only if a Global Purchase Contract. 

  
 A-22 

 ATTACHMENT 4 

COLFAX CORPORATION 
 6.50% SENIOR
AMORTIZING NOTES DUE 2022 
  

			
	CUSIP No.: 194014 304	  	
	ISIN No.: US1940143043	  	
	No. [ 🌑 ]	  	[Initial]* Number of Notes: [ 🌑 ]

 COLFAX CORPORATION, a Delaware corporation (the “Company”, which term includes any successor
under the Indenture hereinafter referred to), for value received, hereby promises to pay to [CEDE & CO., as nominee of The Depository Trust Company]* [ 🌑 ]**, or registered assigns (the “Holder”), the initial principal amount of $15.6099 for each of the number of Notes set forth above[, which number of Notes may from time to time be
reduced or increased as set forth in Schedule A hereto, as appropriate, in accordance with the terms of the Indenture]*, in equal quarterly installments (except for the first such payment) (each such payment, an “Installment
Payment”), constituting a payment of interest (at a rate of 6.50% per annum) and a partial repayment of principal, payable on each January 15, April 15, July 15 and October 15, commencing on April 15, 2019 (each
such date, an “Installment Payment Date”, and the period from, and including, January 11, 2019 to, but excluding, the first Installment Payment Date and thereafter each quarterly period from, and including, the immediately
preceding Installment Payment Date to, but excluding, the relevant Installment Payment Date, an “Installment Payment Period”) with the final Installment Payment due and payable on January 15, 2022, all as set forth on the
reverse hereof and in the Indenture referred to on the reverse hereof. 
 Each Installment Payment for any Installment Payment Period shall
be computed on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for any period shorter than a full Installment Payment Period,
such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an Installment Payment is payable is not a Business Day, then
payment of the Installment Payment on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. Installment Payments shall be paid to the Person in whose name
the Note is registered, with limited exceptions as provided in the Indenture, at the close of business on the Business Day immediately preceding the related Installment Payment Date (each, a “Regular Record Date”). If the Notes do
not remain in book-entry only form, the Company shall have the right to elect that each Regular Record Date shall be each January 1, April 1, July 1 and October 1 immediately preceding the relevant Installment Payment Date by
giving 10 days’ advance written notice to the Trustee and the Holders. Installment Payments shall be payable (x) in the case of any Certificated Note, at the office or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York; provided, however, that payment of Installment Payments may be made at the option of the Company by check mailed to the registered Holder at such address as shall appear in the Security Register or
(y) in the case of any Global Note, by wire transfer in immediately available funds to the account of the Depositary or its nominee or otherwise in accordance with applicable procedures of the Depositary. 

 

	* 	 Include only if a Global Note. 

	** 	 Include only if not a Global Note. 

  
 A-23 

 This Note shall not be entitled to any benefit under the Indenture hereinafter referred to
or be valid or obligatory for any purpose until the Certificate of Authentication shall have been manually signed by or on behalf of the Trustee. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-24 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: ___________ 
 [CORPORATE SEAL] 

 

			
	COLFAX CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	CERTIFICATE OF AUTHENTICATION
	
	U.S. Bank National Association, as Trustee, certifies that this is one of the Securities of the series designated herein referred to in the within mentioned
Indenture.

			
		
	Dated:	 	  

			
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

			
		
	By:	 	
                     

	Authorized Signatory

  
 A-25 

 [REVERSE OF NOTE] 

COLFAX CORPORATION 
 6.50% Senior
Amortizing Notes due 2022 
 This Note is one of a duly authorized series of Securities of the Company designated as its 6.50% Senior
Amortizing Notes due 2022 (herein sometimes referred to as the “Notes”), issued under the Indenture, dated as of January 11, 2019, between the Company and U.S. Bank National Association, as trustee (the
“Trustee,” which term includes any successor trustee under the Indenture) (including any provisions of the Trust Indenture Act that are deemed incorporated therein) (the “Base Indenture”), as supplemented by the
First Supplemental Indenture, dated as of January 11, 2019 (the “Supplemental Indenture”), between the Company and the Trustee (the Base Indenture, as supplemented by the Supplemental Indenture, the
“Indenture”), to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. The terms of other series
of Securities issued under the Base Indenture may vary with respect to interest rates, issue dates, maturity, redemption, repayment, currency of payment and otherwise as provided in the Base Indenture. The Base Indenture further provides that
securities of a single series may be issued at various times, with different maturity dates and may bear interest at different rates. This series of Securities is limited in aggregate initial principal amount as specified in the Supplemental
Indenture. 
 Each Installment Payment shall constitute a payment of interest (at a rate of 6.50% per annum) and a partial repayment of
principal on the Notes, allocated with respect to each Note as set forth in the schedule below: 
  

									
	 Installment Payment Date
	  	Amount
of
Principal	 	  	Amount
of Interest	 
	 April 15, 2019
	  	$	1.2365	 	  	$	0.2649	 
	 July 15, 2019
	  	$	1.2039	 	  	$	0.2336	 
	 October 15, 2019
	  	$	1.2235	 	  	$	0.2140	 
	 January 15, 2020
	  	$	1.2434	 	  	$	0.1941	 
	 April 15, 2020
	  	$	1.2636	 	  	$	0.1739	 
	 July 15, 2020
	  	$	1.2841	 	  	$	0.1534	 
	 October 15, 2020
	  	$	1.3050	 	  	$	0.1325	 
	 January 15, 2021
	  	$	1.3262	 	  	$	0.1113	 
	 April 15, 2021
	  	$	1.3477	 	  	$	0.0898	 
	 July 15, 2021
	  	$	1.3696	 	  	$	0.0679	 
	 October 15, 2021
	  	$	1.3919	 	  	$	0.0456	 
	 January 15, 2022
	  	$	1.4145	 	  	$	0.0230	 

 The Notes shall not be subject to redemption at the option of the Company. However, a Holder shall have the
right to require the Company to repurchase some or all of its Notes for cash at the Repurchase Price per Note and on the Repurchase Date, upon the occurrence of certain events and subject to the conditions set forth in the Indenture. 

  
 A-26 

 This Note is not entitled to the benefit of any sinking fund. The Indenture contains
provisions for satisfaction and discharge, legal defeasance and covenant defeasance of this Note upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 

If an Event of Default with respect to the Notes shall occur and be continuing, then (unless no declaration of acceleration or notice is
required for such Event of Default) either the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare the aggregate principal amount of the Notes, and all interest accrued thereon, to be due and
payable immediately, in the manner, subject to the conditions and with the effect provided in the Indenture. 
 The Indenture permits, with
certain exceptions as therein provided, the Company and the Trustee, with the consent of the Holders of not less than a majority in principal amount of the Notes at the time outstanding, to execute supplemental indentures for certain purposes as
described therein. 
 No provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the Repurchase Price, if applicable, of and all Installment Payments on this Note at the time, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

The Notes are originally being issued as part of the 5.75% Tangible Equity Units (the “Units”) issued by the Company pursuant
to that certain Purchase Contract Agreement, dated as of January 11, 2019, between the Company and U.S. Bank National Association, as Purchase Contract Agent, as Trustee and as
attorney-in-fact for the holders of Purchase Contracts from time to time (the “Purchase Contract Agreement”). Holders of the Units have the right to
separate such Units into their constituent parts, consisting of Separate Purchase Contracts (as defined in the Purchase Contract Agreement) and Separate Notes, during the times, and under the circumstances, described in the Purchase Contract
Agreement. Following separation of any Unit into its constituent Separate Note and Separate Purchase Contract, the Separate Notes are transferable independently from the Separate Purchase Contracts. In addition, Separate Notes can be recombined with
Separate Purchase Contracts to recreate Units, as provided for in the Purchase Contract Agreement. Reference is hereby made to the Purchase Contract Agreement for a more complete description of the terms thereof applicable to the Units. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note shall be registered on the
Security Register of the Company, upon due presentation of this Note for registration of transfer at the office or agency of the Company in the Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by a written instrument or
instruments of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon the Company shall execute and the Trustee shall authenticate and deliver in
the name of the transferee or transferees a new Note or Notes in authorized denominations and for a like aggregate principal amount. 

  
 A-27 

 The Notes are initially issued in registered, global form without coupons in denominations
equal to $15.6099 initial principal amount and integral multiples in excess thereof. 
 The Company or Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer of this Note. No service charge shall be made for any such transfer or for any exchange of this Note as contemplated by the
Indenture. 
 The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the Person in whose name this Note is
registered upon the Security Register for the Notes as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Registrar) for the purpose
of receiving payment of or on account of the principal of and, subject to the provisions of the Indenture, interest on this Note and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be
affected by any notice to the contrary. 
 This Note and the Indenture shall be governed by, and construed in accordance with, the laws
of the State of New York. 
 Capitalized terms used but not defined in this Note shall have the meanings ascribed to such terms in the
Indenture. 
 No recourse shall be had for the payment of any Installment Payment on this Note, or for any claim based hereon, or upon any
obligation, covenant or agreement of the Company in the Indenture, against any incorporator, stockholder, officer or director, past, present or future of the Company or of any predecessor or successor, either directly or through the Company or any
predecessor or successor, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment of penalty or otherwise; and all such personal liability is expressly released and waived as a condition of, and as part
of the consideration for, the issuance of this Note. 
 The Company and each Beneficial Holder agrees, for United States federal income tax
purposes, to treat the Notes as indebtedness of the Company. 
 In the event of any inconsistency between the provisions of this Note and
the provisions of the Indenture, the Indenture shall prevail. 

  
 A-28 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to: 

(Insert assignee’s social security or tax identification number) 

(Insert address and zip code of assignee) 
 and irrevocably
appoints 
 agent to transfer this Note on the books of the Company. The agent may substitute another to act for him or her. 

Date: ___________ 
  

			
	Signature
	Signature Guarantee:                                
                   

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

  
 A-29 

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. 
  

			
	By:	 	  

		 	Name:
		 	Title:
	
	as Trustee

  

			
	By:	 	  

		 	Name:
		 	Title:

  

			
	Attest	 	
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-30 

 FORM OF REPURCHASE NOTICE 

			
	TO:	  	COLFAX CORPORATION
		
		  	U.S. BANK NATIONAL ASSOCIATION, as Trustee

 The undersigned registered Holder hereby irrevocably acknowledges receipt of a notice from Colfax Corporation
(the “Company”) regarding the right of Holders to elect to require the Company to repurchase the Notes and requests and instructs the Company to pay, for each Note designated below, the Repurchase Price for such Notes (determined as
set forth in the Indenture), in accordance with the terms of the Indenture and the Notes, to the registered holder hereof. Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture. The Notes shall
be repurchased by the Company as of the Repurchase Date pursuant to the terms and conditions specified in the Indenture. 
 Dated: ___________ 

Signature:
                                         
    
 NOTICE: The above signature of the Holder hereof must correspond with the name as written upon the face of the
Notes in every particular without alteration or enlargement or any change whatever. 
 Notes Certificate Number (if applicable):
                                     

Number of Notes to be repurchased (if less than all, must be one Note or integral multiples in excess thereof):
                                     

Social Security or Other Taxpayer Identification Number:
                                     

  
 A-31 

 SCHEDULE A* 

[SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE] 

The initial number of Notes evidenced by this Global Note is [ 🌑 ]. The following
increases or decreases in this Global Note have been made: 
  

									
	 Date
	  	 Amount of

decrease in
 number of
Notes
 evidenced hereby
	  	 Amount of

increase in number
 of Notes
evidenced
 hereby
	  	 Number of Notes
evidenced hereby
following
such
decrease (or
increase)
	  	 Signature of
authorized officer
of
Trustee

		  		  		  		  	

  
  

  
  

	* 	 Include only if a Global Note. 

  
 A-32 

 EXHIBIT B 

[FORM OF FACE OF PURCHASE CONTRACT] 

[THIS SECURITY IS A GLOBAL PURCHASE CONTRACT WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), 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.]* 
  

 
  

	* 	 Include only if a Global Purchase Contract. 

  
 B-1 

 COLFAX CORPORATION 

PURCHASE CONTRACTS 
 CUSIP No. 194014 403

 ISIN No. US1940144033 
 No. [Initial]* Number of Purchase Contracts: _______ 
 This Purchase Contract certifies that
[CEDE & CO., as nominee of The Depository Trust Company]* [ 🌑 ]**, or its registered assigns (the “Holder”) is the
registered owner of the number of Purchase Contracts set forth above[, which number may from time to time be reduced or increased as set forth on Schedule A hereto, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as
defined below), but which number of Purchase Contracts, taken together with the number of all other Outstanding Purchase Contracts, shall not exceed 4,600,000 Purchase Contracts at any time]*. 

Each Purchase Contract consists of the rights of the Holder under such Purchase Contract with the Company. All capitalized terms used herein
which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth therein. 
 Each Purchase
Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract on the Mandatory Settlement Date a number shares of Common Stock, $0.001 par value (“Common Stock”), of the Company equal to the
Settlement Rate, unless such Purchase Contract has settled or been redeemed prior to the Mandatory Settlement Date, all as provided in the Purchase Contract Agreement and more fully described on the reverse hereof. 

Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

 
  

 

	* 	 Include only if a Global Purchase Contract. 

	** 	 Include only if not a Global Purchase Contract. 

  
 B-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	COLFAX CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: ___________ 

  
 B-3 

 
			
	REGISTERED HOLDER(S) (as to obligations of such holder(s) under the Purchase Contracts evidenced hereby)
		
	By:	 	U.S. BANK NATIONAL ASSOCIATION, not individually but solely as Attorney-in-Fact of such holder(s)
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-4 

 PURCHASE CONTRACT CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 
 This is
one of the Purchase Contracts referred to in the within-mentioned Purchase Contract Agreement. 
  

			
	U.S. BANK NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

 Dated:
                     

  
 B-5 

 [REVERSE OF PURCHASE CONTRACT] 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of January 11, 2019 (as may be
supplemented from time to time, the “Purchase Contract Agreement”), between Colfax Corporation, a Delaware corporation (the “Company”) and U.S. Bank National Association, as Purchase Contract Agent (including its
successors hereunder, the “Purchase Contract Agent”), as Trustee under the Indenture and as attorney-in-fact for the Holders of Purchase Contracts from
time to time. Reference is hereby made to the Purchase Contract Agreement and supplemental agreements thereto for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract
Agent, the Company and the Holders and of the terms upon which the Purchase Contracts are, and are to be, executed and delivered. 
 Each
Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract, on the Mandatory Settlement Date, a number of shares of Common Stock equal to the Settlement Rate, unless such Purchase Contract has settled
or been redeemed prior to the Mandatory Settlement Date, in either case, pursuant to the terms of the Purchase Contract Agreement. 
 No
fractional shares of Common Stock will be issued upon settlement or redemption of Purchase Contracts, as provided in Section 4.13 of the Purchase Contract Agreement. 

The Purchase Contracts are issuable only in registered form and only in denominations of a single Purchase Contract and any integral multiple
thereof. The transfer of any Purchase Contract will be registered and Purchase Contracts may be exchanged as provided in the Purchase Contract Agreement. 

The Purchase Contracts are initially being issued as part of the 5.75% Tangible Equity Units (the “Units”) issued by the
Company pursuant to the Purchase Contract Agreement. Holders of the Units have the right to separate such Units into their constituent parts, consisting of Separate Notes and Separate Purchase Contracts, during the times, and under the
circumstances, described in the Purchase Contract Agreement. Following separation of any Unit into its constituent parts, the Separate Purchase Contracts are transferable independently from the Separate Notes. In addition, Separate Purchase
Contracts can be recombined with Separate Notes to recreate Units, as provided for in the Purchase Contract Agreement. 
 The Holder of this
Purchase Contract, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement on its behalf as its
attorney-in-fact and agrees to be bound by the terms and provisions thereof. 

Subject to certain exceptions set forth in the Purchase Contract Agreement, the provisions of the Purchase Contract Agreement may be amended
with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in
accordance with, the laws of the State of New York. 

  
 B-6 

 The Company, the Purchase Contract Agent, and any agent of the Company or the Purchase
Contract Agent, may treat the Person in whose name this Purchase Contract is registered as the owner of the Purchase Contracts, evidenced hereby, for the purpose of performance of the Purchase Contracts evidenced by such Purchase Contracts and for
all other purposes whatsoever, and neither the Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

The Purchase Contracts shall not entitle the Holder to any of the rights of a holder of the Common Stock or other Exchange Property, except as
provided by the Purchase Contract Agreement. 
 Each Purchase Contract (whether or not included in a Unit) is a security governed by Article
8 of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 
 Unless a conformed copy of the Purchase
Contract Agreement has been filed on the EDGAR system of the U.S. Securities and Exchange Commission, a copy of the Purchase Contract Agreement will be available for inspection at the offices of the Company. 

In the event of any inconsistency between the provisions of this Purchase Contract and the provisions of the Purchase Contract Agreement, the
Purchase Contract Agreement shall prevail. 

  
 B-7 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

					
	 TEN COM:
	  	 as tenants in common
	  	
	 UNIF GIFT MIN ACT:
	  	 Custodian
	  	
		  	 (cust)
	  	 (minor)

		  	 Under Uniform Gifts to Minors
	  	
		  	 Act of
                                         
               
	  	
	 TENANT:
	  	 as tenants by the entireties
	  	
	 JT TEN:
	  	as joint tenants with rights of survivorship and not as tenants in common	  	

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Purchase Contracts and all rights thereunder, hereby irrevocably constituting and appointing attorney , to transfer said Purchase Contracts on the
books of the Company with full power of substitution in the premises. 
  

			
	 DATED: ___________
	  	 Signature

		  	Notice: The signature to this assignment must correspond with the name as it appears upon the face of the within Purchase Contracts in every particular, without alteration or enlargement or any change whatsoever.

 Signature Guarantee: ________________ 

  
 B-8 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon settlement
or redemption of the number of Purchase Contracts evidenced by this Purchase Contract be registered in the name of, and delivered, together with a check in payment for any fractional share (or cash included in the Redemption Amount, if applicable),
to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned,
the undersigned will pay any transfer tax payable incidental thereto, as provided in the Purchase Contract Agreement. 
  

			
	 Dated: ___________
	 	 Signature

		
		 	 Signature Guarantee: _____________________

		 	 (if assigned to another Person)

 If shares are to be registered in the name of and delivered to (or cash is paid to) a Person other than the Holder, please
(i) print such Person’s name and address and (ii) provide a guarantee of your signature: 
  

			
	  

Name
	  	  

Name

	 Address
	  	 Address

 Social Security or other Taxpayer Identification Number, if any 

  
 B-9 

 ELECTION TO SETTLE EARLY 

The undersigned Holder of this Purchase Contract hereby irrevocably exercises the option to effect Early Settlement (which Early Settlement
may, as applicable, be deemed to be in connection with a Fundamental Change pursuant to Section 4.07 of the Purchase Contract Agreement) in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts
evidenced by this Purchase Contract as specified below. The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon such Early Settlement be registered in the name of, and
delivered, together with a check in payment for any fractional share and any Purchase Contract representing any Purchase Contracts evidenced hereby as to which Early Settlement is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any documentary, stamp or
similar issue or transfer tax payable incident thereto, as provided in the Purchase Contract Agreement. 
  

			
	 Dated: ___________
	  	 Signature

		
		  	 Signature Guarantee: _________________________

  
 B-10 

 Number of Purchase Contracts evidenced hereby as to which Early Settlement is being elected:

  

			
	 If shares of Common Stock or Purchase Contracts are to be registered in the name of and delivered to a Person other than the Holder,
please print such Person’s name and address:
  
	  	 REGISTERED HOLDER

Please print name and address of Registered Holder:

	  

Name
	  	  

Name

	 Address
	  	 Address

 Social Security or other Taxpayer Identification Number, if any 

  
 B-11 

 SCHEDULE A* 

[SCHEDULE OF INCREASES OR DECREASES 

IN THE PURCHASE CONTRACT] 
 The
initial number of Purchase Contracts evidenced by this certificate is [ 🌑 ]. The following increases or decreases in this certificate have been made. 

 

									
	 Date
	  	 Amount of

increase in number
 of
Purchase
 Contracts

evidenced hereby
	  	 Amount of

decrease in
 number
of
 Purchase

Contracts
 evidenced
hereby
	  	 Number of

Purchase
 Contracts

evidenced hereby

following such
 decrease
or
 increase
	  	 Signature of

authorized
 signatory
of
 Purchase Contract

Agent

  

 

	* 	 Include only if a Global Purchase Contract. 

  
 B-12

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