Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

					
	 BARCLAYS

745 Seventh Avenue
 New York, New
York 10019
	  	 CITIGROUP GLOBAL MARKETS INC.

388 Greenwich Street
 New York, New
York 10013
	  	 JPMORGAN CHASE BANK, N.A.

383 Madison Avenue
 New York, New
York 10179

 PERSONAL AND CONFIDENTIAL 

November 15, 2018 
 Energizer Holdings, Inc. 

533 Maryville University Drive 
 Saint Louis, Missouri 63141 

Attention: Timothy Gorman, Executive Vice President and Chief Financial Officer 

Project Odin 
 Commitment
Letter 
 Ladies and Gentlemen: 
 We are pleased to
confirm the arrangements under which each of Barclays Bank PLC (“Barclays”), Citi (as defined below) and JPMorgan Chase Bank, N.A. (“JPMCB”) (each, a “Commitment Party” and together, the
“Commitment Parties,” “we” or “us”) is (i) exclusively (subject to Section 1 below) authorized by Energizer Holdings, Inc., a Missouri corporation (the “Company” or
“you”), to act in the roles and capacities described herein and (ii) providing commitments in connection with the financing for certain transactions described herein, in each case on the terms and subject to the conditions set
forth in this commitment letter and the attached Annexes A, B, C, D and E hereto (collectively, this “Commitment Letter”). Capitalized terms used but not defined herein have the respective meanings given in the Annexes hereto. For
purposes of this Commitment Letter, “Citi” means Citigroup Global Markets Inc., Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc. and/or any of their affiliates as may be appropriate to consummate the transactions
contemplated hereby. 
 You have informed the Commitment Parties that the Company intends to consummate the acquisition (the “Odin
Acquisition”) pursuant to that certain Acquisition Agreement, dated as of November 15, 2018, between the Company and an entity previously identified to us as “Sigma” (the “Seller”) (together with the
schedules and exhibits thereto, the “Odin Acquisition Agreement”) of (i) certain direct and indirect subsidiaries of the Seller and (ii) certain of the assets of the Seller, in each case identified in the Odin Acquisition
Agreement (collectively, the “Odin Acquired Business”). You have informed us that (a) the Odin Acquisition, (b) the payment of fees and expenses in connection with the Odin Acquisition, (c) if the Amendment (as
defined in the Facilities Fee Letter) is determined by the Lead Arrangers (as defined below) to be required and the Amendment Effective Date (as defined in the Facilities Fee Letter) has not occurred on or prior to the “Closing Date” (as
such term is defined in the Odin Acquisition Agreement, the “Odin Closing Date”) the repayment of all indebtedness under the Gamma Credit Agreement (as defined below) and (d) if the Amendment is determined by the Lead Arrangers
to be required and the Amendment Effective Date has not occurred on or prior to the Odin Closing Date, a portion of your ongoing working capital needs and other general corporate purposes will be financed from the following sources: 

	 	•	 	 if the Amendment is determined by the Lead Arrangers to be required and the Amendment Effective Date has not
occurred on or prior to the Odin Closing Date, senior secured credit facilities consisting of (a) a senior secured term loan B facility (the “Backstop Term Loan B Facility”) in an aggregate principal amount equal to
$1,200 million and (b) a senior secured revolving credit facility in an aggregate principal amount of $400 million (the “Backstop Revolving Credit Facility” and, together with the Backstop Term Loan B Facility, the
“Backstop Credit Facilities”), having the terms set forth on Annex B; 

  

	 	•	 	 (a) the issuance by the Company of common, preferred and/or other equity securities pursuant to a registered
offering (the “Equity Securities”) yielding aggregate gross proceeds of up to $500 million or (b) if and to the extent that gross proceeds aggregating less than $500 million are received by the Company from the
offering of the Equity Securities after the date hereof and on or prior to the time the Odin Acquisition is consummated, borrowings by the Company of Incremental Term Loans, having the terms set forth on Annex C (the “Odin Incremental
Loans”) under the Gamma Credit Agreement or the Backstop Credit Facilities Documentation (as defined in Annex B), as applicable (the “Odin Incremental Facility” and together with any Backstop Credit Facilities, the
“Senior Secured Facilities”); 

  

	 	•	 	 (a) the issuance by the Company of debt securities pursuant to a Rule 144A or other private placement (the
“Notes”) in an aggregate principal amount of up to $600 million or (b) if and to the extent that gross proceeds aggregating less than $600 million are received by the Company from the offering of the Notes or Takeout
Notes (as defined in the Facilities Fee Letter referred to below) after the date hereof and on or prior to the time the Odin Acquisition is consummated, borrowings by the Company of unsecured senior increasing rate bridge loans, having the terms set
forth on Annex D (the “Bridge Loans”) under a senior unsecured bridge facility (the “Bridge Facility”; together with the Senior Secured Facilities, the “Facilities”); and 

 

	 	•	 	 the issuance by the Company to the Seller of common stock of the Company with a market value of approximately
$312,500,000 (the “Stock Consideration”). 

 You have further informed us that, if we so determine, you will seek to
effect the Amendment to that certain credit agreement which is currently in the form of the Posted Gamma Credit Agreement (as defined in Annex B) and expected to be executed and delivered on, and effective as of, the “Closing Date” (as
such term is defined in the Gamma Acquisition Agreement (as defined below)), among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Gamma Credit Agreement”). The Gamma Credit
Agreement, as amended or revised by the Amendment, is hereinafter referred to as the “Amended Gamma Credit Agreement”. 
 1.
Commitments; Titles and Roles. 
 Each of Barclays, Citi and JPMCB is pleased to confirm its commitment to act, and you hereby appoint each of Barclays,
Citi and JPMCB to act, as joint lead arrangers and joint bookrunners with respect to soliciting consents to the Amendment (collectively, and together with any Additional Agent (as defined below) you appoint to act as a joint lead arranger with
respect to the Amendment in accordance with your Designation Right (as defined below), the “Amendment Lead Arrangers”), each of JPMCB, Barclays and Citi is pleased to confirm its commitment to act, and you hereby appoint each of
JPMCB, Barclays and Citi to act, as joint lead arrangers and joint bookrunners for the Backstop Credit Facilities (collectively, and together with any Additional Agent you appoint to act as a joint lead arranger for the

  
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Backstop Credit Facilities in accordance with your Designation Right, the “Backstop Lead Arrangers”), each of JPMCB, Barclays and Citi is pleased to confirm its commitment to
act, and you hereby appoint each of JPMCB, Barclays and Citi to act, as joint lead arrangers and joint bookrunners for the Odin Incremental Facility (collectively, and together with any Additional Agent you appoint to act as a joint lead arranger
for the Odin Incremental Facility in accordance with your Designation Right, the “Incremental Lead Arrangers”), and each of Citi, Barclays and JPMCB is pleased to confirm its commitment to act, and you hereby appoint each of Citi,
Barclays and JPMCB to act, as joint lead arrangers and joint bookrunners for the Bridge Facility (collectively, and together with any Additional Agent you appoint to act as a joint lead arranger for the Bridge Facility in accordance with your
Designation Right, the “Bridge Lead Arrangers” and, together with the Amendment Lead Arrangers, the Backstop Lead Arrangers and the Incremental Lead Arrangers, the “Lead Arrangers”). In addition, each of Barclays,
Citi and JPMCB is pleased to advise you of its several, but not joint, commitment to provide 33 1/3%, 33 1/3% and 33 1/3%, respectively, of the aggregate principal amount of each of the Facilities, in each case on the terms contained in this
Commitment Letter and the availability and funding of which is subject only to the conditions set forth in the first paragraph of Section 2 below and in Annex E hereto. In addition, you hereby appoint JPMCB to act as administrative agent for
the Odin Incremental Facility and any Backstop Credit Facilities (in such capacity, the “Bank Administrative Agent”) and Citi to act as administrative agent for the Bridge Facility (in such capacity, the “Bridge
Administrative Agent”). You acknowledge and agree that JPMCB may perform its responsibilities hereunder through its affiliate, J.P. Morgan Securities LLC. You further agree that (i) JPMCB will have “left” placement in any and
all marketing materials or other documentation used in connection with the Backstop Credit Facilities or other documentation used in connection with the Backstop Credit Facilities and that Barclays and Citi will have placement immediately to the
right of JPMCB (in that order) and, in each case, will perform the duties and exercise the authority customarily performed and exercised by it in such role, (ii) JPMCB will have “left” placement in any and all marketing materials or
other documentation used in connection with the Odin Incremental Facility or other documentation used in connection with the Odin Incremental Facility and that Barclays and Citi will have placement immediately to the right of JPMCB (in that order)
and, in each case, will perform the duties and exercise the authority customarily performed and exercised by it in such role and (iii) Citi will have “left” placement in any and all marketing materials or other documentation used in
connection with the Bridge Facility or other documentation used in connection with the Bridge Facility and that Barclays and JPMCB will have placement immediately to the right of Citi (in that order) and, in each case, will perform the duties and
exercise the authority customarily performed and exercised by them in such roles. You further agree that no other titles will be awarded and no compensation (other than that expressly contemplated by this Commitment Letter and the Fee Letters
referred to below) will be paid in connection with the Facilities or the Amendment unless you and we shall so agree. 
 Notwithstanding the foregoing, you
will have the right (the “Designation Right”), exercisable within 15 business days following the date hereof, to appoint additional arrangers, bookrunners, co-agents or co-managers in respect of the Amendment and the Facilities (each such arranger, bookrunner, co-agent or co-manager, an
“Additional Agent”) in a manner and with economics determined by you in consultation with the applicable Additional Agent and reasonably acceptable to you and such Additional Agents; provided that (a) you may not appoint
more than four (4) additional arrangers and bookrunners in respect of the Amendment and the Facilities, (b) you may not allocate more than 22.5% of the total economics under the Facilities Fee Letter with respect to the Amendment and the
Facilities to all Additional Agents (or their affiliates) in the aggregate, which shall be on a pro rata basis across the Amendment and the Facilities and shall be proportionate to the commitments assumed by such Additional Agents under the
Facilities and (c) subject to the foregoing and the below, to the extent you appoint Additional Agents, the aggregate economics allocated to, and the aggregate commitment amounts of, each of Barclays, Citi and JPMCB will be reduced on a pro
rata basis by the amount of the economics allocated to, and the commitment amount of, each such Additional Agent (or its affiliate) (it being understood that (x) the 

  
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economics under the Facilities Fee Letter allocated to each of Barclays, Citi and JPMCB will be no less than 25 5/6%, 25 5/6% and 25 5/6%, respectively, of the total economics in respect of the
Amendment and the Facilities and (y) in no event shall the percentage of the total economics allocated to any Additional Agent in respect of the Amendment and the Facilities exceed the percentage of such economics allocated to Barclays, Citi or
JPMCB). Upon your exercise, if any, of the Designation Right and the execution and delivery by the Additional Agent(s) of customary joinder documentation reasonably acceptable to you and us, each such Additional Agent shall constitute a
“Commitment Party” for all purposes under this Commitment Letter and the Facilities Fee Letter. 
 Our fees for our commitment and for services
related to the Amendment and the Facilities are set forth in the fee letter entered into by the Company and the Commitment Parties on the date hereof (the “Facilities Fee Letter”), any agency fee letter with any Agent, and the
structuring fee letter entered into by the Company, Barclays, Citi and JPMCB on the date hereof (the “Structuring Fee Letter”, and together with the Facilities Fee Letter and each agency fee letter with any Agent, the “Fee
Letters”). 
 2. Conditions Precedent. 
 The
availability and funding of each Commitment Party’s commitments hereunder are subject solely to the conditions set forth in Annex E hereto and the following additional conditions: (i) either (x) the Closing (as defined in that certain
Amended and Restated Acquisition Agreement, dated as of November 15, 2018 (the “Gamma Acquisition Agreement” and the transactions contemplated thereby, the “Gamma Acquisition”), between the Seller and the
Company; the date of such Closing being referred to herein as the “Gamma Closing Date”) shall have occurred on the terms set forth therein without amendments, waivers or modifications together with the funding under the Gamma Credit
Agreement and the release of the proceeds of the notes issued under the Gamma Indenture (as defined in Annex C) and the proceeds of the notes issued under that certain Indenture, dated as of July 6, 2018, among Energizer Gamma Acquisition B.V.,
as issuer, the guarantors party thereto from time to time, The Bank of New York Mellon Trust Company, N.A., as trustee and registrar, and The Bank of New York Mellon, London Branch, as paying agent, in each case, from escrow or (y) the Gamma
Acquisition Agreement shall have been terminated in accordance with its terms (including by mutual agreement of the parties thereto) (the date of any such notice, announcement or termination, the “Gamma Termination Date”), (ii)
since September 30, 2018, there has not been any event, change or circumstance that, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect (as defined in the Odin Acquisition Agreement as in
effect on the date hereof) on the Business (as defined in the Odin Acquisition Agreement) and (iii) (A) in the case of the Backstop Credit Facilities, the execution and delivery by all parties thereto of the Backstop Credit Facilities
Documentation (as defined in Annex B hereto), (B) in the case of the Odin Incremental Facility, the execution and delivery by all parties thereto of the Odin Incremental Facility Documentation (as defined in Annex C hereto) and (C) in the case
of the Bridge Facility, the execution and delivery by all parties thereto of the Bridge Facility Documentation (in each case, as defined in Annex D hereto) (collectively, the “Facilities Documentation”), to be negotiated and
prepared in a manner consistent with this Commitment Letter. 
 Notwithstanding anything in this Commitment Letter, the Fee Letters, the Facilities
Documentation or any other agreement or other undertaking concerning the financing of the Odin Acquisition to the contrary, the Facilities Documentation shall not contain any conditions precedent to the availability of the Facilities on the Closing
Date other than the conditions precedent expressly set forth in the first paragraph of this Section 2 and in Annex E hereto, and the terms of the Facilities Documentation will be such that they do not impair the availability of the Facilities
on the Closing Date if such conditions are satisfied or waived by the Commitment Parties (it being understood that, to the extent that any security interest in the Collateral (other than, to the extent required by this Commitment Letter (including
the Annexes thereto), any Collateral the security interest in which may be perfected by the filing of a UCC financing statement 

  
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or the delivery of certificated equity interests of any wholly-owned material U.S. restricted subsidiaries of the Company (to the extent required by this Commitment Letter (including the Annexes
thereto); provided that, to the extent that you have used commercially reasonable efforts to procure the delivery thereof prior to or on the Closing Date, certificated equity interests of subsidiaries of the Odin Acquired Business will only
be required to be delivered on the Closing Date pursuant to the terms set forth above if such certificates are actually received from the Odin Acquired Business) is not perfected on the Closing Date after your use of commercially reasonable efforts
to do so (without undue burden or cost), the perfection of such security interest will not constitute a condition precedent to the availability of the Backstop Credit Facilities on the Closing Date but such security interest will be required to be
perfected within 90 days after the Closing Date (or such longer period as agreed to by the Bank Administrative Agent), subject to arrangements mutually agreed by the Bank Administrative Agent and the Company and subject to extensions thereof in the
discretion of the Bank Administrative Agent). 
 Notwithstanding anything in this Commitment Letter, the Fee Letters, the Facilities Documentation or any
other agreement or other undertaking concerning the financing of the Odin Acquisition to the contrary, the only representations and warranties the accuracy of which will be a condition to the availability of the Facilities on the Closing Date will
be (i) the representations and warranties made by or with respect to the Odin Acquired Business in the Odin Acquisition Agreement that are material to the interests of the Lead Arrangers or Lenders, in their capacities as such, but only to the
extent that you (or your affiliates) have the right to terminate your (or their) obligations under the Odin Acquisition Agreement or to decline to consummate the Odin Acquisition (in each case, in accordance with the terms of the Odin Acquisition
Agreement) as a result of a breach of such representation or warranty (the “Specified Acquisition Agreement Representations”) and (ii) the Specified Representations (as defined below). As used herein, the term
“Specified Representations” means representations made by the Company and each Guarantor relating to existence; organizational power and authority to enter into the Facilities Documentation; due authorization, execution, delivery
and enforceability (as they relate to the Loan Parties (as defined in Annex B)) of the Facilities Documentation; solvency of the Company and its subsidiaries on a consolidated basis on the Closing Date after giving effect to the transactions
contemplated herein (with solvency to be defined in a manner consistent with Annex I to Annex E); no conflicts of the Facilities Documentation with charter documents of the Loan Parties or agreements governing debt for borrowed money in an aggregate
principal or committed amount in excess of $100,000,000; Federal Reserve margin regulations; the Investment Company Act; the use of loan proceeds not violating FCPA and other anti-corruption laws, OFAC and other applicable sanctions laws; the
Patriot Act; status of the Facilities as senior debt; and in the case of the Backstop Credit Facilities and the Incremental Facility, the creation, perfection and priority (subject to the preceding paragraph and to agreed-upon permitted liens
consistent with the Revised Gamma Credit Agreement Terms (as defined in Annex B)) of the security interests granted in the Collateral (but excluding any Collateral acquired in the Odin Acquisition). This paragraph, and the provisions herein, shall
be referred to as the “Limited Conditionality Provisions”. 
 3. Syndication. 

The Lead Arrangers intend, and reserve the right, to syndicate the Facilities to the Backstop Lenders (as defined in Annex B), the Odin Incremental Lenders (as
defined in Annex C) and the Bridge Lenders (as defined in Annex D) (collectively, the “Lenders”) promptly following the date hereof, and you acknowledge and agree that the commencement of syndication will occur in the discretion of
the Lead Arrangers. The Lead Arrangers will select the Lenders under the Facilities in consultation and coordination with you; provided that the Lead Arrangers will not syndicate to those banks, financial institutions and other institutional
lenders separately identified in writing by you to us prior to the date hereof or any competitors of the Company or the Odin Acquired Business that are operating companies and are separately identified in writing by you to us from time to time (it
being understood that, 

  
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notwithstanding anything herein to the contrary, in no event shall a designation after the date hereof apply retroactively to disqualify any parties that have previously acquired an assignment or
participation interest hereunder or under the Facilities that is otherwise permitted hereunder, but upon the effectiveness of such designation, any such party may not acquire any additional commitments, loans or participations) and, in the case of
such competitors, their “Known Affiliates” (as defined in the Posted Gamma Credit Agreement) (collectively, “Disqualified Lenders”). Each reference to “syndication” herein shall be deemed to include a reference
to the arrangement of the Amendment and to managing the Amendment process. The Lead Arrangers will lead the syndication in consultation and coordination with you, including determining the timing of all offers to potential Lenders, any title of
agent or similar designations or roles awarded to any Lender, the acceptance of commitments, the amounts offered and the compensation provided to each Lender from the amounts to be paid to the Lead Arrangers pursuant to the terms of this Commitment
Letter and the Facilities Fee Letter. The Lead Arrangers will, in consultation and coordination with you, determine the final commitment allocations and will notify the Company of such determinations. You agree to use commercially reasonable efforts
to ensure that the Lead Arrangers’ syndication efforts benefit from the existing lending relationships of the Company and its subsidiaries. To facilitate an orderly and successful syndication of the Facilities, you agree that, until the
earliest of (x) the termination of the syndication as determined by the Lead Arrangers and (y) 60 days after the Closing Date, the Company will not, and will use commercially reasonable efforts to ensure that the Odin Acquired Business will not
(subject to, and to the extent not in contravention of, the Odin Acquisition Agreement), syndicate or issue, attempt to syndicate or issue, or announce or authorize the announcement of the syndication or issuance of or engage in any material
discussions concerning the syndication or issuance of, any debt facility or debt, equity or equity-linked security (including, without limitation, any debt or preferred equity security convertible into common stock) of the Company or the Odin
Acquired Business or any of their respective subsidiaries, including any refinancings, replacements or renewals of any debt facility or any debt, equity or equity-linked security of the Company or the Odin Acquired Business or any of their
respective subsidiaries if such activity would reasonably be expected to have a detrimental effect on the syndication of the Facilities, other than (a) the Amendment, (b) the Facilities, (c) the Equity Securities, (d) the Notes,
(e) any debt incurred in connection with sale-leasebacks by the Company, the Odin Acquired Business or their respective subsidiaries, (f) ordinary course lease, purchase money debt and equipment financings and similar obligations,
(g) ordinary course letter of credit facilities, overdraft protection and short term working capital facilities, factoring arrangements, hedging and cash management arrangements, (h) intercompany debt among the Company and its subsidiaries
or among the Seller and the Odin Acquired Business and their respective subsidiaries and (i) any other financing agreed by the Lead Arrangers, such agreement not to be unreasonably withheld, delayed or conditioned. 

Until the earliest of (x) the termination of the syndication as determined by the Lead Arrangers and (y) 60 days after the Closing Date, you agree to,
and, to the extent necessary and practical and subject to and not in contravention of, the terms of the Odin Acquisition Agreement, you agree to use commercially reasonable efforts to cause the Odin Acquired Business to, cooperate with the Lead
Arrangers in all syndication efforts, including in connection with (i) the preparation of one or more information packages for the Facilities regarding the business, operations and financial projections of the Company and the Odin Acquired
Business (collectively, the “Confidential Information Memorandum”) including, without limitation, all customary information relating to the transactions contemplated hereunder prepared by or on behalf of the Company deemed
reasonably necessary by the Lead Arrangers to complete the syndication of the Facilities, and (ii) the preparation of one or more customary information packages for the Facilities reasonably acceptable in format and content to the Lead
Arrangers (collectively, the “Lender Presentation”) and the presentation of such Lender Presentation to, and participation in meetings and other communications with, prospective Lenders or agents in connection with the syndication
of the Facilities (including, to the extent necessary and practical, a reasonable number of meetings between senior management and representatives, with appropriate seniority and expertise, of the 

  
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Company with prospective Lenders and participation of such persons in meetings upon reasonable advance notice and at mutually agreed times). In addition, you agree to use commercially reasonable
efforts to obtain, prior to the launch of syndication, (a) a public corporate family rating from Moody’s Investors Service, Inc. (“Moody’s”) for the Company after giving effect to the Odin Acquisition and the other
transactions contemplated hereunder and any other material recent or pending transaction or financing, (b) a public corporate credit rating from Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc.
(“S&P”), for the Company after giving effect to the Odin Acquisition and the other transactions contemplated hereunder and any other material recent or pending transaction or financing and (c) a public credit rating for
each of the Backstop Term Loan B Facility, the Odin Incremental Facility, the Bridge Facility and the Notes from each of Moody’s and S&P. It is agreed that, nothing contained in this Commitment Letter shall require you to provide any
information to the extent that the provision thereof would violate any attorney-client privilege, law, rule or regulation, or any obligation of confidentiality binding on you, the Odin Acquired Business or your or its respective affiliates;
provided that (x) in the case of any confidentiality obligation, you shall have used commercially reasonable efforts to obtain consent to provide such information and (y) you shall notify us if any such information is being withheld
as a result of any such obligation of confidentiality (but solely if providing such notice would not violate such confidentiality obligation) and you shall use your commercially reasonable efforts to communicate the applicable information in a way
that would not violate the applicable obligation or risk waiver of such privilege. You will be solely responsible for the contents of any such Confidential Information Memorandum, Lender Presentation and related materials (other than, in each case,
any information contained therein that has been provided for inclusion therein by the Commitment Parties solely to the extent such information relates to the Commitment Parties) and all other information, documentation or materials delivered to the
Lead Arrangers in connection therewith (collectively, the “Information”) and you acknowledge that the Commitment Parties will be using and relying upon the Information without independent verification thereof. You agree that
Information regarding the Facilities and Information provided by the Company and the Odin Acquired Business or their respective representatives to the Lead Arrangers in connection with the Facilities (including, without limitation, draft and
execution versions of the Facilities Documentation, the Confidential Information Memorandum, the Lender Presentation, publicly filed financial statements, and draft or final offering materials relating to contemporaneous securities issuances by the
Company) may be disseminated to potential Lenders and other persons through one or more internet sites (including an IntraLinks, SyndTrak or other electronic workspace (the “Platform”)) created for purposes of syndicating the
Facilities or otherwise, in accordance with the Lead Arrangers’ standard syndication practices, and you acknowledge that each Lead Arranger and its affiliates will not be responsible or liable to you or any other person or entity for damages
arising from the use by others of any Information or other materials obtained on the Platform, except, in the case of damages to you but not to any other person, to the extent such damages are found by a final,
non-appealable judgment of a court of competent jurisdiction to arise from the gross negligence, bad faith or willful misconduct of such Lead Arranger or (A) any of its controlled affiliates, (B) any
of the respective directors or employees of such Lead Arranger or its controlled affiliates or (C) the respective advisors or agents of such Lead Arranger or its controlled affiliates, in the case of this clause (C), acting at the instructions
of such Lead Arranger or its controlled affiliates. Notwithstanding the Lead Arrangers’ right to syndicate the Facilities and receive commitments with respect thereto, or anything otherwise contained in this Commitment Letter it is agreed that
(x) the syndication of, or receipt of commitments or participations in respect of, all or any portion of the Commitment Parties’ commitments hereunder prior to the Closing Date, (y) the obtaining of the ratings referenced above and
(z) the compliance with any of the other provisions set forth in clauses (i) and (ii) of this paragraph above, shall not be a condition to the Commitment Parties’ commitments hereunder and, unless you otherwise agree in writing,
each Commitment Party shall retain exclusive control over all rights and obligations with respect to its commitments in respect of the Facilities, including all rights with respect to consents, modifications, supplements, waivers and amendments,
until the Closing Date has occurred. Without limiting your obligations to assist as set forth herein, it is understood that the commitments hereunder are 

  
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not conditioned upon the syndication of, or receipt of commitments or participations in respect of, the Facilities and in no event shall the commencement or successful completion of syndication
or the obtaining of ratings constitute a condition to the availability of the Facilities on the Closing Date. 
 You acknowledge that certain of the Lenders
may be “public side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Company, the Seller (including the Odin Acquired Business) or their
respective affiliates or any of its or their respective securities) (each, a “Public Lender”). At the request of the Lead Arrangers, you agree to assist, and, with respect to the Odin Acquired Business, to the extent necessary and
practical and subject to and not in contravention of the terms of the Odin Acquisition Agreement, use commercially reasonable efforts to cause the Odin Acquired Business to assist, in the preparation of an additional version of the Confidential
Information Memorandum and the Lender Presentation to be used by Public Lenders that does not contain material non-public information concerning the Company, the Seller (including the Odin Acquired Business)
or their respective affiliates or securities. It is understood that in connection with your assistance described above, at the request of the Lead Arrangers, you will provide, and cause all other applicable persons to provide (including subject to
and not in contravention of the terms of the Odin Acquisition Agreement using commercially reasonable efforts to cause the Odin Acquired Business to provide) authorization letters to the Lead Arrangers authorizing the distribution of the Information
to prospective Lenders, and containing a representation to the Lead Arrangers that the public-side version does not include material non-public information about the Company, the Seller (including the Odin
Acquired Business) or their respective affiliates or its or their respective securities. In addition, you will clearly designate as such all Information provided to the Lead Arrangers by or on behalf of the Company or the Odin Acquired Business
which is suitable to make available to Public Lenders. You acknowledge and agree that the following documents may be distributed to Public Lenders, unless you advise the Lead Arrangers in writing (including by email) within a reasonable time prior
to their intended distributions that such documents should only be distributed to prospective Lenders that are not Public Lenders: (a) drafts and final versions of the Facilities Documentation and the Amendment; (b) administrative
materials prepared by the Lead Arrangers for prospective Lenders (such as a lender meeting invitation, allocations and funding and closing memoranda); and (c) term sheets and notification of changes in the terms of the Amendment and the
Facilities. 
 4. Information. 
 You represent and
covenant that (i) to your knowledge in the case of Information relating to the Odin Acquired Business, all written Information (other than financial projections and other forward-looking information and information of a general economic or
industry specific nature) provided directly or indirectly by the Company to the Lead Arrangers or the Lenders in connection with the transactions contemplated hereunder is and will be, when furnished and when taken as a whole and giving effect to
all supplements thereto (taken in combination with the information contained in your filings with the U.S. Securities and Exchange Commission), complete and correct in all material respects and does not and will not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not materially misleading and (ii) the financial projections and other forward-looking
information that have been or will be made available to the Lead Arrangers or the Lenders in connection with the transactions contemplated hereunder by or on behalf of the Company have been and will be prepared in good faith based upon assumptions
that are believed by the preparer thereof to be reasonable at the time such financial projections and other forward-looking information are furnished to the Lead Arrangers or the Lenders, it being understood and agreed that financial projections are
not a guarantee of financial performance and are subject to significant uncertainties and contingencies, no assurance can be given that any party’s projections may be realized, and actual results may differ from financial projections and such
differences may be material. You agree that if, at any time prior to the later of (x) the Closing Date and (y) the 

  
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Successful Syndication (as defined in the Facilities Fee Letter) of the Facilities, any of the representations in the preceding sentence would be incorrect in any material respect if the
Information and financial projections were being furnished, and such representations were being made, at such time (prior to the Closing Date, to your knowledge with respect to information, projections and other forward looking information relating
to the Odin Acquired Business), then you will (or, prior to the Closing Date, with respect to information relating to the Odin Acquired Business, use commercially reasonable efforts, to the extent practical and appropriate and subject to and not in
contravention of the Odin Acquisition Agreement, cause the Odin Acquired Business to) promptly supplement, or cause to be supplemented, the Information and financial projections so that such representations (prior to the Closing Date, to your
knowledge with respect to the Odin Acquired Business) will be correct in all material respects under those circumstances. Notwithstanding anything set forth above, the accuracy of the foregoing representations and warranties, whether or not cured or
supplemented, and any obligation to supplement the information and projections shall not be a condition to the obligations of the Commitment Parties and the Lead Arrangers hereunder. 

5. Indemnification and Related Matters. 
 In connection
with arrangements such as this, it is the Commitment Parties’ policy to receive indemnification. You agree to the provisions with respect to our indemnity and other matters set forth in Annex A, which is incorporated by reference into this
Commitment Letter. 
 6. Assignments; Amendments. 
 This
Commitment Letter may not be assigned by you without the prior written consent of the Commitment Parties (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the Commitment Parties
and the other parties hereto and, except as set forth in Annex A hereto, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto. Each of the Commitment Parties, after consultation
and in coordination with you, may assign its commitments and agreements hereunder, in whole or in part, to any of its affiliates (provided that such affiliates agree to abide by the confidentiality provisions of Section 7 of this
Commitment Letter) and, as provided above, to any Lender prior to the Closing Date; provided that, except for any assignment to an Additional Agent pursuant to Section 1 of this Commitment Letter, any assignment by a Commitment Party to
any potential Lender made prior to the Closing Date shall not relieve such Commitment Party of its obligations set forth herein to fund on the Closing Date that portion of the commitments so assigned. Neither this Commitment Letter nor any Fee
Letter may be amended or any term or provision hereof or thereof waived or otherwise modified except by an instrument in writing signed by each of the parties hereto or thereto, as applicable, and any term or provision hereof or thereof may be
amended or waived only by a written agreement executed and delivered by all parties hereto or thereto, as applicable. 
 7. Confidentiality. 

Please note that this Commitment Letter, the Fee Letters and any written communications provided by, or oral discussions with, the Commitment Parties in
connection with this arrangement may not be disclosed to any third party or circulated or referred to publicly without the prior written consent of the Commitment Parties party thereto; provided that we hereby consent to your disclosure of
(i) this Commitment Letter, the Fee Letters and such communications and discussions to the Company’s and (on a redacted basis reasonably satisfactory to the Lead Arrangers with respect to the Facilities Fee Letter and Barclays, Citi and
JPMCB with respect to the Structuring Fee Letter) the Seller’s and the Odin Acquired Business’s directors, employees, agents, accountants, attorneys, independent auditors and other advisors who are directly involved in the consideration of
the Facilities and who have been informed by you of the 

  
 9 

 
confidential nature of such advice and this Commitment Letter and the Fee Letters and are instructed to keep such information confidential in accordance with the provisions of this paragraph,
(ii) pursuant to the subpoena or order of any court or judicial, administrative or legislative body, committee or agency in any pending legal or administrative proceeding, or otherwise as required by applicable law, stock exchange requirement
or compulsory legal process (in which case you agree to inform us promptly thereof prior to such disclosure to the extent practicable and not prohibited by law, rule or regulation) or required or requested by governmental and/or regulatory
authorities (in which case you agree to inform us promptly thereof prior to such disclosure to the extent practicable and not prohibited by law), (iii) this Commitment Letter (but not the Fee Letters other than the existence thereof) may be
disclosed in any prospectus, offering memorandum or any other syndication or marketing materials relating to the offering of the securities or in such filings as you may determine is advisable to comply with the requirements of the U.S. Securities
and Exchange Commission and the other applicable regulatory authorities, (iv) the aggregate amount of fees payable under the Fee Letters may be disclosed as part of pro forma information, projections or generic disclosure regarding sources and
uses for closing of the Odin Acquisition (but without disclosing any specific fees, market flex or other economic terms set forth therein or to whom such fees or other amounts are owed), (v) to a court, tribunal or any other applicable
administrative agency or judicial authority in connection with the enforcement of your rights hereunder (vi) the existence of the Commitment Letter and the information contained in Annexes B, C and D to Moody’s and S&P or any other
rating agency, and (vii) with our prior written consent (not to be unreasonably withheld, delayed or conditioned). The terms of this paragraph shall cease to apply (except in respect of the Fee Letter) after this Commitment Letter has been
accepted by you to the extent it has become publicly available as a result of disclosure in accordance with clause (iii) of this paragraph. Otherwise, the terms of this paragraph as they relate to this Commitment Letter (but not the Fee
Letters) shall terminate two years from the date of this Commitment Letter. 
 Each Commitment Party agrees that it will treat as confidential all
information provided to it hereunder by or on behalf of you or any of your respective subsidiaries or affiliates; provided that nothing herein will prevent any Commitment Party from disclosing any such information (a) pursuant to the
order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process (in which case such person agrees (except with respect to any routine or
ordinary course audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority) to inform you prior to such disclosure to the extent practicable and not prohibited by
law, rule or regulation), (b) upon the request or demand of any regulatory authority having jurisdiction over such person or any of its affiliates (in which case such person agrees to (except with respect to any audit or examination conducted by
bank accountants or any governmental regulatory authority exercising examination or regulatory authority) inform you promptly thereof prior to such disclosure to the extent practicable and not prohibited by law, rule or regulation), (c) to the
extent that such information is publicly available or becomes publicly available other than by reason of improper disclosure by such person, (d) to the extent that such information was already in such Commitment Party’s possession and is
not, to such Commitment Party’s knowledge, subject to any existing confidentiality obligations that would prohibit such disclosure or was independently developed by such Commitment Party, (e) to such person’s affiliates and such
person’s and its affiliates’ respective officers, directors, partners, members, employees, legal counsel, independent auditors and other experts or agents who need to know such information and on a confidential basis and are instructed to
keep such information confidential in accordance with the provisions of this paragraph, (f) to potential and prospective Lenders, participants and any direct or indirect contractual counterparties to any swap or derivative transaction relating
to the Company and its obligations under the Facilities, in each case, who agree to be bound by similar confidentiality provisions (including, for the avoidance of doubt, by means of a click-through or otherwise), (g) to Moody’s and S&P;
provided that such information is limited to Annexes B, C and D and is supplied only on a confidential basis after consultation with you or (h) for purposes of establishing a “due diligence”

  
 10 

 
defense. Each Commitment Party’s obligation under this paragraph shall remain in effect until the earlier of (i) two years from the date hereof and (ii) the date any definitive
Facilities Documentation is entered into by the Commitment Parties, at which time any confidentiality undertaking in the definitive Facilities Documentation shall supersede this provision. Notwithstanding any of the foregoing, each Commitment Party
may disclose the existence of the Facilities and customary information about the Facilities to market data collectors, similar services providers to the lending industry, and service providers to the Commitment Parties in connection with the
administration and management of the Facilities and the other loan documents. 
 8. Absence of Fiduciary Relationship; Affiliates; Etc. 

As you know, each Commitment Party, together with its respective affiliates (each, collectively, a “Commitment Party Group”), is a full
service financial services firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, investment research, principal investment,
hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, each Commitment Party Group may make or hold a broad array of investments and
actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for their own account and for the accounts of their customers and may at any time hold long and short positions in such
securities and/or instruments. In addition, each Commitment Party Group may at any time communicate independent recommendations and/or publish or express independent research views in respect of such debt and equity securities or other financial
instruments. Such investment and other activities may involve securities and instruments of you, the Seller or the Odin Acquired Business or its affiliates, as well as of other entities and persons and their affiliates which may (i) be involved
in transactions arising from or relating to the engagement contemplated by this Commitment Letter, (ii) be customers or competitors of you, the Seller or the Odin Acquired Business or its affiliates, or (iii) have other relationships with
you, the Seller or the Odin Acquired Business or its affiliates. In addition, each Commitment Party Group may provide investment banking, underwriting and financial advisory services to such other entities and persons. Each Commitment Party Group
may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and
such funds or other investment vehicles may trade or make investments in your securities or those of such other entities. The transactions contemplated by this Commitment Letter may have a direct or indirect impact on the investments, securities or
instruments referred to in this paragraph. Although each Commitment Party Group in the course of such other activities and relationships may acquire information about the transaction contemplated by this Commitment Letter or other entities and
persons which may be the subject of the transactions contemplated by this Commitment Letter, no Commitment Party Group shall have any obligation to disclose such information, or the fact that such Commitment Party Group is in possession of such
information, to you or to use such information on the Company’s behalf. 
 Consistent with their respective policies to hold in confidence the affairs
of its customers, no Commitment Party Group will furnish confidential information obtained from you by virtue of the transactions contemplated by this Commitment Letter to any other companies, or use such information in connection with the
performance by such Commitment Party Group of services for any other companies. Furthermore, you acknowledge that no Commitment Party Group and none of their respective affiliates has an obligation to use in connection with the transactions
contemplated by this Commitment Letter, or to furnish to you, confidential information obtained or that may be obtained by them from any other person. 

Each Commitment Party Group may have economic interests that conflict with yours, or those of your equity holders and/or affiliates. You agree that each
Commitment Party Group will act under this 

  
 11 

 
Commitment Letter as an independent contractor and that nothing in this Commitment Letter or the Fee Letters or otherwise will be deemed to create an advisory, fiduciary or agency relationship or
fiduciary or other implied duty between any Commitment Party Group and you or your equity holders or affiliates. You acknowledge and agree that the transactions contemplated by this Commitment Letter and the Fee Letters (including the exercise of
rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Commitment Party Groups, on the one hand, and you on the other, and in connection therewith and with the
process leading thereto, (i) no Commitment Party Group has assumed an advisory or fiduciary responsibility in favor of you or your equity holders or affiliates with respect to the financing transactions contemplated hereby, or in each case, the
exercise of rights or remedies with respect thereto or the process leading thereto (irrespective of whether such Commitment Party has advised, is currently advising or will advise you, your equity holders or your affiliates on other matters) or any
other obligation to you except the obligations expressly set forth in this Commitment Letter and the Fee Letters and (ii) each Commitment Party Group is acting solely as a principal and not as the agent or fiduciary of you, your management,
equity holders, affiliates, creditors or any other person. You acknowledge and agree that you have consulted your own legal and financial advisors to the extent you deemed appropriate and that you are responsible for making your own independent
judgment with respect to such transactions and the process leading thereto. You agree that you will not claim that any Commitment Party Group has rendered advisory services of any nature or respect, or owes you a fiduciary or similar duty, in
connection with the transactions contemplated by this Commitment Letter or the process leading thereto. 
 As you know, you have retained Barclays Capital
Inc. as financial advisor (in such capacity, the “Financial Advisor”) in connection with the Odin Acquisition. You agree to (and each Additional Agent acknowledges) such retention and you further agree not to assert any claim you
might allege based on any actual or potential conflicts of interest that might be asserted to arise or result from, on the one hand, the engagement of the Financial Advisor and, on the other hand, our and our affiliates’ relationships with you
as described and referred to herein. Nothing in this Commitment Letter imposes any obligation on you to pay any fee in connection with such retention. 
 In
addition, each Commitment Party may employ the services of its affiliates in providing services and/or performing their obligations hereunder and may exchange with such affiliates information concerning you and other companies that may be the
subject of this arrangement, and such affiliates will be entitled to the benefits afforded to the Commitment Parties hereunder. 
 In addition, please note
that the Commitment Parties do not provide accounting, tax or legal advice. Notwithstanding anything herein to the contrary, you and we (and each of your employees, representatives and other agents) may disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of the Facilities and all materials of any kind (including opinions or other tax analyses) that are provided to you or us relating to such tax treatment and tax structure. However, any
information relating to the tax treatment or tax structure will remain subject to the confidentiality provisions hereof (and the foregoing sentence will not apply) to the extent reasonably necessary to enable the parties hereto, their respective
affiliates, and their respective affiliates’ directors and employees to comply with applicable securities laws. For this purpose, “tax treatment” means the income tax treatment, and “tax structure” is limited to any facts
relevant to the income tax treatment of the transactions contemplated by this Commitment Letter but does not include information relating to the identity of the parties hereto or any of their respective affiliates. 

  
 12 

 9. Miscellaneous. 

Each Commitment Party’s commitments and agreements hereunder will terminate upon the first to occur of (i) the consummation of the Odin Acquisition,
(ii) your written notice to the Lead Arrangers of, or your public announcement of, the abandonment of the Odin Acquisition, (iii) the termination of the Odin Acquisition Agreement in accordance with its terms, (iv) 5:00 p.m. New York
City time on March 15, 2019 (the “Outside Date”); provided, however, that the Outside Date shall be extended to July 31, 2019 if, as of March 15, 2019, the Gamma Closing Date shall not have occurred due
to the commencement by the European Commission of a “Phase II” competition review, (v) with respect to the Backstop Credit Facilities only, the occurrence of the Amendment Effective Date and (vi) with respect to the Backstop
Credit Facilities only, the occurrence of the Gamma Termination Date. Subject to the provisions of the next paragraph and the terms of the Fee Letters, you may terminate this Commitment Letter and/or each Commitment Party’s commitments
hereunder. In addition, each Commitment Party’s commitments hereunder (x) to provide and arrange the Odin Incremental Facility will be reduced to the extent described herein by any issuance of the Equity Securities (in escrow or otherwise)
and other events as described in Annex C and (y) to provide and arrange the Bridge Facility will be reduced to the extent described herein by any issuance of the Notes or Takeout Notes (in escrow or otherwise) and other events as described in
Annex D. 
 The provisions set forth in the Fee Letters and under Sections 3, 4, 5 (including Annex A), 6, 7 and 8, and this Section 9 will remain
in full force and effect regardless of whether the definitive Facilities Documentation is executed and delivered. The provisions set forth under Sections 5 (including Annex A), 6, 7 and 8, and this Section 9 and the fee and expense
reimbursement provisions of the Fee Letters will remain in full force and effect notwithstanding the expiration or termination of this Commitment Letter or the Commitment Parties’ commitments and agreements hereunder; provided that such
provisions relating to confidentiality, indemnification and reimbursement shall terminate and be superseded by the terms of the Facilities Documentation to the extent covered thereby and to the extent such Facilities Documentation becomes effective.

 Notwithstanding anything in Section 7 to the contrary, the Lead Arrangers may place advertisements in financial and other newspapers and periodicals
or on a home page or similar place for dissemination of information on the Internet or World Wide Web as they may choose, and circulate similar promotional materials, after the closing of the Odin Acquisition in the form of a “tombstone”
or otherwise describing the names of you and your affiliates, and the amount and type of financing for and closing date of the Odin Acquisition, all at expense of the Lead Arrangers. 

Each party hereto agrees for itself and its affiliates that any suit or proceeding arising with respect to this Commitment Letter or the Commitment
Parties’ commitments or agreements hereunder or the Fee Letters will be heard exclusively in the U.S. District Court for the Southern District of New York or, if that court does not have subject matter jurisdiction, in any state or federal
court located in the Borough of Manhattan in the City of New York, and each party hereto agrees to submit to the exclusive jurisdiction of, and to venue in, such court. Any right to trial by jury with respect to any action or proceeding arising in
connection with or as a result of the Commitment Parties’ commitments or agreements or any matter referred to in this Commitment Letter or the Fee Letters is hereby waived by the parties hereto and thereto. This Commitment Letter and the Fee
Letters will be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws that would otherwise direct the application of the laws of any other jurisdiction; provided,
however, that (i) the interpretation of the definition of Material Adverse Effect (as defined in the Odin Acquisition Agreement) and whether or not a Material Adverse Effect has occurred, (ii) the determination of the accuracy of
any Specified Acquisition Agreement Representations and whether as a result of any inaccuracy thereof you (or your affiliates) have the right to terminate your (or their) obligations under the Odin Acquisition Agreement or to decline to consummate
the Odin Acquisition (in each case in accordance with the terms of the Odin Acquisition Agreement) as a result of a breach of such representation or warranty and (iii) the determination of whether the transactions contemplated by the Odin
Acquisition Agreement have been consummated in accordance with the terms of the Odin Acquisition Agreement, in each case, shall be governed by, and construed and interpreted solely in accordance with, the laws of the State of Delaware. 

  
 13 

 Each of the parties hereto agrees that (i) this Commitment Letter is a binding and enforceable
agreement with respect to the subject matter contained herein, including an agreement of each party to negotiate in good faith the Facilities Documentation by the parties hereto in a manner consistent with this Commitment Letter, it being
acknowledged and agreed that the availability and funding of the commitments provided hereunder are subject only to conditions precedent as expressly provided in the first paragraph of Section 2 above and in Annex E hereto, and (ii) each
Fee Letter is a legally valid and binding agreement of the parties thereto with respect to the subject matter set forth therein. 
 The Commitment Parties
hereby notify you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) the
Commitment Parties and each Lender may be required to obtain, verify and record information that identifies the Company and each of the other Guarantors, which information includes the name and address of the Company and each of the other Guarantors
and other information that will allow the Commitment Parties and each Lender to identify the Company and each of the other Guarantors in accordance with the Patriot Act. This notice is given in accordance with the requirements of the Patriot Act and
is effective for the Commitment Parties and each Lender. In addition, the Commitment Parties and each Lender are required to obtain beneficial ownership certifications with respect to the Company pursuant to the requirements of 31 C.F.R. §
1010.230 (the “Beneficial Ownership Regulation”) and, in certain “high-risk” circumstances, their internal beneficial ownership compliance procedures. You hereby acknowledge and agree that the Lead Arrangers shall be
permitted to share any or all such information with the Lenders. 
 This Commitment Letter may be executed in any number of counterparts, each of which when
executed will be an original, and all of which, when taken together, will constitute one agreement. Delivery of an executed counterpart of a signature page of this Commitment Letter by facsimile transmission or other electronic transmission (e.g.,
in pdf or tif format) will be effective as delivery of a manually executed counterpart hereof. This Commitment Letter, the Facilities Fee Letter, the Structuring Fee Letter, and any other agreement entered into by the parties hereto on the date
hereof are the only agreements that have been entered into among the parties hereto with respect to the commitments and services to be provided in respect of the Amendment and the Facilities and set forth the entire understanding of the parties with
respect thereto and supersede any prior written or oral agreements among the parties hereto with respect to any of the matters referred to in this Commitment Letter. 

Please confirm that the foregoing is in accordance with your understanding by signing and returning to the Commitment Parties the enclosed copy of this
Commitment Letter, together, if not previously executed and delivered, with the Facilities Fee Letter and the Structuring Fee Letter, on or before 11:59 p.m. New York City time on November 15, 2018, whereupon this Commitment Letter and the Fee
Letters will become binding agreements between you and the Commitment Parties party hereto and thereto. If the Commitment Letter, the Facilities Fee Letter and the Structuring Fee Letter have not been signed and returned as described in the
preceding sentence by such date, this offer will terminate on such date. We look forward to working with you on this transaction. 

[Remainder of page intentionally left blank] 

  
 14 

 
			
	Very truly yours,
	
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Regina Tarone

		 	Name: Regina Tarone
		 	Title: Managing Director

 [Signature Page to Commitment Letter] 

 
			
	CITIGROUP GLOBAL MARKETS INC.
		
	By:	 	 /s/ Justin Tichauer

		 	Name: Justin Tichauer
		 	Title: Managing Director

 [Signature Page to Commitment Letter] 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Lisa Whatley

		 	Name: Lisa Whatley
		 	Title: Managing Director

 [Signature Page to Commitment Letter] 

			
	Accepted and agreed to as of the date first above written:
	
	ENERGIZER HOLDINGS, INC.
		
	By:	 	 /s/ John Drabik

		 	Name: John Drabik
		 	Title: Vice President and Treasurer

 [Signature Page to Commitment Letter] 

 Annex A 

In the event that any Commitment Party becomes involved in any capacity in any action, proceeding or investigation brought by or against any person,
including shareholders, partners, members or other equity holders of the Company, the Seller or the Odin Acquired Business, in connection with or as a result of either this arrangement or any matter referred to in this Commitment Letter or the Fee
Letters (collectively, the “Letters”), the Company agrees to periodically reimburse each Commitment Party for its reasonable legal and other expenses (including the cost of any investigation and preparation) incurred
in connection therewith. The Company also agrees to indemnify and hold each Commitment Party harmless against any and all losses, claims, damages or liabilities to any such person in connection with or as a result of either this arrangement or any
matter referred to in the Letters (whether or not such investigation, litigation, claim or proceeding is brought by you, your equity holders or creditors or an indemnified party and whether or not any such indemnified party is otherwise a party
thereto), except to the extent that such loss, claim, damage or liability (x) has been found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (i) the
gross negligence, bad faith or willful misconduct of such Commitment Party in performing the services that are the subject of the Letters or (ii) a material breach of the obligations of such Commitment Party under the Letters or (y) has
resulted from a dispute solely among the Commitment Parties that does not involve an act or omission by the Company or any of its affiliates and is not brought against such Commitment Party in its capacity as an agent or arranger or similar role
under the Amendment or any Facility. If for any reason the foregoing indemnification is unavailable to any Commitment Party or insufficient to hold it harmless, then the Company will contribute to the amount paid or payable by the Commitment Party
as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative economic interests of (i) the Company and its affiliates, shareholders, partners, members or other equity holders on the one hand
and (ii) such Commitment Party on the other hand in the matters contemplated by the Letters as well as the relative fault of (i) the Company and its affiliates, shareholders, partners, members or other equity holders and (ii) such
Commitment Party with respect to such loss, claim, damage or liability and any other relevant equitable considerations. The reimbursement, indemnity and contribution obligations of the Company under this paragraph will be in addition to any
liability which the Company may otherwise have, will extend upon the same terms and conditions to any affiliate of a Commitment Party and the partners, members, directors, agents, officers, employees, advisors and other representatives and
controlling persons (if any), as the case may be, of such Commitment Party and any such affiliate (collectively with the Commitment Party, an “indemnified party”), and will be binding upon and inure to the benefit of any successors,
assigns, heirs and personal representatives of the Company, each Commitment Party, any such indemnified party. The Company also agrees that neither any indemnified party nor any of such affiliates, partners, members, directors, agents, employees or
controlling persons will have any liability based on its or their exclusive or contributory negligence or otherwise to the Company or any person asserting claims on behalf of or in right of the Company or any other person in connection with or as a
result of either this arrangement or any matter referred to in the Letters, except to the extent that any losses, claims, damages, liabilities or expenses incurred by the Company or their respective affiliates, shareholders, partners or other equity
holders have been found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such indemnified party in
performing the services that are the subject of the Letters; provided, however, that in no event will such indemnified party or such other parties have any liability for any indirect, consequential, special or punitive damages in
connection with or as a result of such indemnified party’s or such other parties’ activities related to the Letters. 
 The Company will
not be required to indemnify an indemnified party for any amount paid or payable by such an indemnified party in the settlement of any action, proceeding or investigation without the Company’s consent, which consent will not be unreasonably
withheld, conditioned or delayed, but if settled with your consent, or if there is a final judgment in any such action, proceeding or investigation, 

  
 Annex A-1 

 
you agree to indemnify and hold harmless each indemnified party to the extent and in the manner set forth above. You shall not, without the prior written consent of an indemnified party, which
consent will not be unreasonably withheld, conditioned or delayed, effect any settlement of any pending or threatened claim, litigation, investigation or proceedings relating to the foregoing (the “Proceedings”) in respect of which
indemnity could have been sought hereunder by such indemnified party unless (a) such settlement includes an unconditional release of such indemnified party in form and substance reasonably satisfactory to such indemnified party from all
liability or claims that are the subject matter of such Proceedings and (b) such settlement does not include any statement as to, or any admission of, fault or wrongdoing, by or on behalf of such indemnified party. The provisions of
this Annex A will survive any termination of the commitments or completion of the arrangement provided by the Letters. 

  
 Annex A-2 

 Annex B 

Summary of the Backstop Credit Facilities 

This Summary outlines certain terms of the Backstop Credit Facilities referred to in the Commitment Letter, of which this Annex B is a part. Certain
capitalized terms used herein are defined in the Commitment Letter. 
  

			
	Borrower:	  	Energizer Holdings, Inc., a Missouri corporation (the “Company”).
		
	Guarantors:	  	Same as the Revised Gamma Credit Agreement Terms (as defined below), including any such subsidiaries acquired in the Odin Acquisition, in each case subject to exceptions consistent with the Revised Gamma Credit Agreement Terms and
including all subsidiaries that provide guarantees in respect of the Gamma Credit Agreement (collectively, the “Guarantors” and, together with the Company, the “Loan Parties”).
		
	Joint Lead Arrangers and	  	
	Joint Lead Bookrunners:	  	JPMCB, Barclays and Citi will act as joint lead arrangers and lead bookrunners (in such capacities, collectively with any Additional Agents, the “Backstop Lead Arrangers”) for the Backstop Credit Facilities and will
perform the duties customarily associated with such roles.
		
	Backstop Administrative Agent:	  	JPMCB will act as sole and exclusive administrative agent (in such capacity, the “Backstop Administrative Agent”) for the Backstop Lenders and will perform the duties customarily associated with such role.
		
	Collateral Agent:	  	JPMCB will act as sole and exclusive collateral agent (in such capacity, the “Collateral Agent”) for the Backstop Lenders and Lender Counterparties and will perform the duties customarily associated with such
role.
		
	Co-Syndication Agents:	  	Barclays and Citi, each in its respective capacity as Co-Syndication Agent.
		
	Documentation Agent(s):	  	One or more financial institutions selected by the Backstop Lead Arrangers in consultation and coordination with the Company.
		
	Backstop Lenders:	  	Various banks, financial institutions and institutional lenders selected by the Backstop Lead Arrangers in consultation and coordination with the Company, excluding any Disqualified Lender (each, a “Backstop
Lender” and, collectively, the “Backstop Lenders”).
		
	Amount of Senior Secured	  	
	Backstop Credit Facilities:	  	An aggregate of up to $1,600 million of senior secured first lien credit facilities (the “Backstop Credit Facilities”) consisting of:

  
 Annex B-1 

			
		  	(a) a senior secured first lien term loan B facility (the “Backstop Term Loan B Facility”) in an aggregate principal equal to the lesser of (x) the aggregate principal amount of Term Loans outstanding under the
Gamma Credit Agreement immediately prior to the funding of the Backstop Credit Facilities on the Closing Date and (y) $1,200 million; and
		
		  	(b) a senior secured first lien revolving credit facility (the “Backstop Revolving Credit Facility” and, together with the Backstop Term Loan B Facility, the “Backstop Credit Facilities”) in an
aggregate committed amount equal to the lesser of (x) the Aggregate Revolving Loan Commitment under the Gamma Credit Agreement immediately prior to the funding of the Backstop Credit Facilities on the Closing Date and (y)
$400 million.
		
	Swing Line Loans:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Letters of Credit:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Incremental Facility:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Purpose/Use of Proceeds:	  	The proceeds of loans under the Backstop Term Loan B Facility will be used by the Borrower on the Closing Date to repay the Term Loans outstanding under the Gamma Credit Agreement at such time and pay fees and expenses in connection
therewith. The proceeds of loans under the Backstop Revolving Credit Facility will be used by the Company solely (i) on the Closing Date, to repay Revolving Loans outstanding under the Gamma Credit Agreement at such time, (ii) on the
Closing Date, in an amount equal to the outstanding letters of credit issued under the Gamma Credit Agreement to be deemed issued under the Backstop Revolving Credit Facility, and (iii) from time to time to provide for the ongoing
working capital requirements of the Company and its subsidiaries and for general corporate purposes.
		
	Availability:	  	The Backstop Term Loan B Facility will be available in one drawing on the Closing Date. Amounts borrowed under the Backstop Term Loan B Facility that are repaid or prepaid may not be reborrowed.
		
		  	Amounts borrowed under the Backstop Revolving Credit Facility may be borrowed, repaid and reborrowed on and after the Closing Date until the Backstop Revolving Maturity Date (as defined below).
		
	Closing Date:	  	The date on which the loans under any of the Facilities are funded and the Odin Acquisition is consummated (the “Closing Date”).
		
	Maturity:	  	The maturity dates of each of the Backstop Credit Facilities will be as follows:
		
		  	(a) Backstop Term Loan B Facility: The earlier of (x) the Term Loan B Maturity Date (as defined in the Gamma Credit Agreement) and (y) the 7th anniversary of the Gamma Closing Date (the “Backstop Term Loan B
Maturity Date”); and

  
 Annex B-2 

			
		  	(b) Backstop Revolving Credit Facility: The earlier of (x) the Revolving Loan Termination Date (as defined in the Gamma Credit Agreement) and (y) the 5th anniversary of the Gamma Closing Date (the “Backstop
Revolving Maturity Date”).
		
	Amortization:	  	Backstop Term Loan B Facility: The outstanding principal amount of the Backstop Term Loan Facility will be payable in equal quarterly amounts of 1.00% per annum prior to the Backstop Term Loan B Maturity Date, with the
remaining balance, together with all other amounts owed with respect thereto, payable on the Backstop Term Loan B Maturity Date.
		
		  	Revolving Credit Facility: No amortization will be required with respect to the Backstop Revolving Credit Facility.
		
	Interest Rate:	  	All amounts outstanding under the Facilities will bear interest, at the Company’s option, at a rate per annum equal to:
		
		  	 (a) in the case of the Backstop Term Loan B Facility, (I) the Base Rate (defined as the highest of (x) the
prime rate of interest publicly announced from time to time by JPMCB, (y) the Federal Funds Rate plus 0.50% and (z) the Eurodollar Rate plus 1.00%) plus 1.25% per annum; or (II) the Eurodollar Rate (as defined in the Posted
Gamma Credit Agreement (as defined below)) plus 2.25% per annum; and

		
		  	 (b) in the case of the Backstop Revolving Credit Facility, (I) the Base Rate plus 1.25% per annum; or
(II) the Eurodollar Rate plus 2.25% per annum; provided that beginning on the date of the first interest period occurring after the date on which the Company delivers to the Backstop Lenders financial statements for the first full
fiscal quarter after the Closing Date, the applicable margin for the Backstop Revolving Credit Facility will be subject to a pricing grid consistent with the Revised Gamma Credit Agreement Terms.

		
		  	At no time will the Eurodollar Rate with respect to the Backstop Credit Facilities be deemed to be less than 0.00% per annum.
		
	Default Interest:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Interest Payments:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Commitment Fees:	  	Commitment fees will initially be equal to 0.50% per annum times the daily average undrawn portion of the Backstop Revolving Credit Facility (with the face amount of all Letters of Credit issued and outstanding constituting
drawings for such purposes). Swing Line Loans will, for purposes of the commitment fee calculation only, not

  
 Annex B-3 

			
		  	be deemed to be a utilization of the Backstop Revolving Credit Facility. Beginning on the date of the first interest period occurring after the date on which the Company delivers to the Backstop Lenders financial statements for the
first full fiscal quarter after the Closing Date, the commitment fee will be determined in accordance with a pricing grid consistent with the Revised Gamma Credit Agreement Terms.
		
	Funding Protection and Taxes:	  	Consistent with the Revised Gamma Credit Agreement Terms.
		
	Voluntary Payments:	  	Same as the Revised Gamma Credit Agreement Terms (subject to the “soft call” described below).
		
	Soft Call on Term B Loans:	  	The Company will pay a “prepayment premium” in connection with any Repricing Event (as defined in the Posted Gamma Credit Agreement) with respect to all or any portion of the loans under the Backstop Term Loan B Facility
that occurs on or before the 6-month anniversary of the Closing Date, in an amount not to exceed 1.0% of the principal amount of the loans under the Backstop Term Loan B Facility subject to such Repricing
Event.
		
	Mandatory Payments:	  	Same as the Revised Gamma Credit Agreement Terms (including with 100% (with no step downs) of the net proceeds from any Divestiture Process (as defined in the Gamma Acquisition Agreement) (together with any loss-sharing payments
made by the Seller in connection therewith pursuant to Section 6.04(g)(iv) of the Gamma Acquisition Agreement), without the ability to reinvest such proceeds); provided that prepayments of the term loans under the Backstop Term Loan B
Facility and the Odin Incremental Facility shall be required on a ratable basis in an amount equal to 100.0% of the net cash proceeds (up to $500 million) received from the issuance of the Equity Securities payable no later than the business day
following the date of receipt.
		
	Backstop Credit	  	
	Facilities Documentation:	  	The definitive documentation relating to the Backstop Credit Facilities (the “Backstop Credit Facilities Documentation”) will be negotiated in good faith, will be based on and substantially the same as that certain
draft of the Gamma Credit Agreement, posted by the lead arrangers with respect thereto to the prospective lenders thereunder on June 21, 2018 (the “Posted Gamma Credit Agreement”), with (a) changes to conform to matters
specified in this Annex B, (b) the changes requested during the initial syndication of the Gamma Credit Agreement by the lenders thereunder and agreed to by the Company, (c) the changes required to reflect any subsequent amendments,
supplements and other modifications to the Gamma Credit Agreement adopted following the Closing Date (as defined in the Gamma Credit Agreement) that are favorable to the lenders thereunder, (d) the changes contemplated by the Amendment,
(e) changes required pursuant to the Market Flex provisions of the Facilities Fee Letter, (f) changes to be mutually agreed to cure any ambiguity, omission,

  
 Annex B-4 

			
		  	defect, mistake or inconsistency, and (g) changes since January 15, 2018 in JPMCB’s customary requirements for transactions where it acts as agent, including, without limitation, provisions regarding the Beneficial
Ownership Regulation (the Posted Gamma Credit Agreement as modified pursuant to (a) through (g) above, the “Revised Gamma Credit Agreement Terms”).
		
	Collateral:	  	Same as the Revised Gamma Credit Agreement Terms and including the assets of the Odin Acquired Business.
	Representations and	  	
	Warranties:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Affirmative Covenants:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Negative Covenants:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Financial Covenant:	  	Backstop Term Loan B Facility: None (same as the Revised Gamma Credit Agreement Terms).
		
		  	Backstop Revolving Credit Facility: A maximum Total Net Leverage Ratio set to 6.25:1.00, subject to two step downs on the same terms as the Revised Gamma Credit Agreement Terms (the “Financial Covenant”). The
Financial Covenant will be tested as of the last day of any fiscal quarter (for the period of four quarters then ended).
		
	Events of Default:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Conditions to Extensions	  	
	of Credit on Closing Date:	  	The several obligations of each Backstop Lender to make the initial loans and extensions of credit under the Backstop Credit Facilities on the Closing Date will be subject only to the conditions precedent referred to in the first
paragraph of Section 2 of the Commitment Letter and those listed on Annex E attached to the Commitment Letter.
		
	Conditions to Extensions of	  	
	Credit after Closing Date:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Assignments and	  	
	Participations:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Amendments and	  	
	Required Lenders:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Indemnity and Expenses:	  	Same as the Revised Gamma Credit Agreement Terms.
		
	Governing Law and	  	
	Jurisdiction:	  	New York.
		
	 Counsel to the Bank Lead
 Arrangers
and the Backstop Administrative Agent:
	  	Davis Polk & Wardwell LLP.

  

  
 Annex B-5 

 Annex C 

Summary of the Odin Incremental Facility 

This Summary outlines certain terms of the Odin Incremental Facility referred to in the Commitment Letter, of which this Annex C is a part. Certain
capitalized terms used herein are defined in the Commitment Letter. 
  

			
	Borrower:	  	Energizer Holdings, Inc., a Missouri corporation (the “Company”).
		
	Guarantors:	  	All obligations under the Odin Incremental Facility will be unconditionally guaranteed (the “Guarantees”) by each of the Guarantors (as defined in Annex B) or, if the Gamma Termination Date has occurred, each of the
guarantors under the Existing Credit Agreement (the “Guarantors”).
		
	Joint Lead Arrangers and	  	
	Joint Lead Bookrunners:	  	JPMCB, Barclays and Citi will act as joint lead arrangers and lead bookrunners (in such capacities, collectively with any Additional Agents, the “Odin Incremental Facility Lead Arrangers”) for the Odin Incremental
Facility and will perform the duties customarily associated with such roles.
		
	Odin Incremental	  	
	Administrative Agent:	  	JPMCB will act as sole and exclusive administrative agent (in such capacity, the “Odin Incremental Administrative Agent”) for the Odin Incremental Facility Lenders and will perform the duties customarily
associated with such role.
		
	Odin Incremental	  	
	Facility Lenders:	  	Various banks, financial institutions and institutional lenders selected by the Odin Incremental Facility Lead Arrangers in consultation and coordination with the Company, excluding any Disqualified Lender (each, an “Odin
Incremental Facility Lender” and, collectively, the “Odin Incremental Facility Lenders”).
		
	Amount of Odin	  	
	Incremental Facility:	  	A senior secured first lien term loan B facility (the “Odin Incremental Facility”) consisting of Incremental Term Loans (as defined in (x) the Backstop Credit Facilities Documentation or the Amended Gamma
Credit Agreement or (y) if the Gamma Termination Date has occurred, that Credit Agreement, dated as of June 30, 2015 among the Company, as borrower, the various lenders from time to time party thereto, and JPMCB, as administrative agent
(as amended prior to the date hereof, the “Existing Credit Agreement”), as applicable (such applicable agreement under clause (x) or (y) above, the “Credit Agreement”)) in an aggregate principal amount equal to
$500 million, which the Lead Arrangers may require to be incurred as a fungible increase in the then existing Term B Loans (as defined in the Backstop Credit Facilities Documentation or the Amended Gamma Credit Agreement, as applicable) or Term
Loans (as defined in the Existing Credit Agreement), as applicable.

  
 Annex C-1 

			
		  	The aggregate principal amount of the loans under the Odin Incremental Facility available to be borrowed on the Closing Date will be automatically and permanently reduced by the gross cash proceeds received by the Company or any of
its subsidiaries (including any such proceeds funded into escrow) from any sale or placement of Equity Securities (other than the Stock Consideration or pursuant to employee or director compensation plans or arrangements) after the date hereof and
on or prior to the Closing Date.
		
	Purpose/Use of Proceeds:	  	On the Closing Date, the proceeds of the Odin Incremental Facility will be used to finance in part the Odin Acquisition and the payment of fees and expenses in connection with the Odin Acquisition.
		
	Availability:	  	The Odin Incremental Facility will be available in one drawing on the Closing Date. Amounts borrowed under the Odin Incremental Facility that are repaid or prepaid may not be reborrowed.
		
	Closing Date:	  	The date on which the loans under any of the Facilities are funded and the Odin Acquisition is consummated (the “Closing Date”).
		
	Maturity:	  	The same as the “Term Loan B Maturity Date” under the Backstop Credit Facilities Documentation or the Amended Gamma Credit Agreement, as applicable, or, if the Gamma Termination Date has occurred (at the option of the Lead
Arrangers), (x) seven (7) years after the Odin Closing Date or (y) the “Term Loan Maturity Date” under the Existing Credit Agreement, as applicable.
		
	Amortization:	  	The same as the term loans under the Backstop Term Loan B Facility, Term B Loans (as defined in the Amended Gamma Credit Agreement) or the Term Loans (as defined in the Existing Credit Agreement), as applicable, with (at the option
of the Lead Arrangers) changes reasonably necessary to create a fungible tranche.
		
	Interest Rate:	  	The same as the term loans under the Backstop Term Loan B Facility, Term B Loans (as defined in the Amended Gamma Credit Agreement) (whether or not the Gamma Termination Date has occurred or such agreement is in effect), as
applicable, with (at the option of the Lead Arrangers) changes reasonably necessary to create a fungible tranche.
		
	Default Interest:	  	The same as the term loans under the Credit Agreement.
		
	Interest Payments:	  	The same as the term loans under the Credit Agreement.
		
	Funding Protection and Taxes:	  	The same as the term loans under the Credit Agreement.
		
	Voluntary Payments:	  	The same as the term loans under the Credit Agreement.

  
 Annex C-2 

			
	Soft Call on Term B Loans:	  	The Company will pay a “prepayment premium” in connection with any Repricing Event (as defined in the Credit Agreement) with respect to all or any portion of the loans under the Odin Incremental Facility that occurs on or
before the 6-month anniversary of the Closing Date, in an amount not to exceed 1.0% of the principal amount of the loans under the Odin Incremental Facility subject to such Repricing Event.
		
	Mandatory Payments:	  	The same as the term loans under the Credit Agreement (including with 100% (with no step-downs) of the net proceeds from any Divestiture Process (as defined in the Gamma Acquisition Agreement (as defined below)) (together with any
loss-sharing payments made by the Seller in connection therewith pursuant to Section 6.04(g)(iv) of the Gamma Acquisition Agreement), without the ability to reinvest such proceeds); provided that prepayments of the term loans under the
Odin Incremental Facility and the Backstop Term Loan B Facility, the Amended Gamma Credit Agreement or the Gamma Credit Agreement, as applicable, shall be required on a ratable basis in an amount equal to 100.0% of the net cash proceeds (up to $500
million) received from the issuance of the Equity Securities following the Closing Date payable no later than the business day following the date of receipt.
		
	Odin Incremental Facility	  	
	Documentation:	  	The definitive documentation relating to the Odin Incremental Facility (the “Odin Incremental Facility Documentation”) shall take the form of an Incremental Term Loan Amendment under the Credit Agreement or such
other form as is acceptable to the Odin Incremental Facility Lead Arrangers.
		
	Collateral:	  	The obligations of the Company and the Guarantors under the Odin Incremental Facility and each Guarantee will be secured by perfected first priority security interests in the Collateral (as described in Annex B) or the Collateral
(as defined in the Existing Credit Agreement) plus the assets of the Odin Acquired Business, as applicable.
		
	Representations and	  	
	Warranties:	  	The same as the term loans under the Credit Agreement.
		
	Affirmative Covenants:	  	The same as the term loans under the Credit Agreement.
		
	Negative Covenants:	  	The same as the term loans under the Credit Agreement.
		
	Financial Covenant:	  	None.
		
	Events of Default:	  	The same as the term loans under the Credit Agreement.
		
	Conditions to Extensions of	  	
	Credit on Closing Date:	  	The several obligations of each Odin Incremental Facility Lender to make the loans under the Odin Incremental Facility on the Closing Date will be subject only to the conditions precedent referred to in the first paragraph of
Section 2 of the Commitment Letter and those listed on Annex E attached to the Commitment Letter.

  
 Annex C-3 

			
	Assignments and	  	
	Participations:	  	The same as the term loans under the Credit Agreement.
		
	Amendments and	  	
	Required Lenders:	  	The same as the term loans under the Backstop Term Loan B Facility, the Term B Loans (as defined in the Amended Gamma Credit Agreement) or the Term Loans (as defined in the Existing Credit Agreement), as applicable.
		
	Indemnity and Expenses:	  	The same as the term loans under the Backstop Term Loan B Facility, the Term B Loans (as defined in the Amended Gamma Credit Agreement) or the Term Loans (as defined in the Existing Credit Agreement), as applicable.
		
	Governing Law and	  	
	Jurisdiction:	  	New York.
		
	Counsel to the Bank Lead	  	
	Arrangers and the	  	
	Odin Incremental	  	
	Administrative Agent:	  	Davis Polk & Wardwell LLP.

  
 Annex C-4 

 ANNEX D 

Summary of the Bridge Facility 
 This
Summary outlines certain terms of the Bridge Facility referred to in the Commitment Letter, of which this Annex D is a part. Certain capitalized terms used herein are defined in the Commitment Letter. 

 

			
	Company:	  	Energizer Holdings, Inc. (the “Company”).
		
	Guarantors:	  	Each subsidiary of the Company that is or is required to be a guarantor under the Backstop Credit Facilities (as defined in Annex B to the Commitment Letter), the Amended Gamma Credit Agreement or (if the Gamma Termination Date has
occurred) the Existing Credit Agreement, as applicable (the “Guarantors”) will guarantee (the “Guarantee”) all obligations of the Company under the Bridge Facility.
		
	Joint Lead Arrangers and	  	
	Joint Bookrunners:	  	Citi, Barclays and JPMCB will act as joint lead arrangers and lead bookrunners (in such capacities, collectively with any Additional Agents, the “Bridge Lead Arrangers”) for the Bridge Facility and will perform the
duties customarily associated with such roles.
		
	Bridge Administrative Agent:	  	Citi, in its capacity as Administrative Agent (the “Bridge Administrative Agent” and, together with the Backstop Administrative Agent and the Collateral Agent, the “Agents”).
		
	Bridge Lenders:	  	A syndicate of financial institutions selected by the Bridge Lead Arrangers in consultation and coordination with the Company (including Citi, Barclays, JPMCB and the lending affiliates of each Additional Agent (collectively, the
“Initial Bridge Lenders”)), excluding any Disqualified Lenders (each, a “Bridge Lender” and, collectively, the “Bridge Lenders”).
		
	Amount of Bridge Loans:	  	Up to $600 million in aggregate principal amount of senior unsecured increasing rate loans (the “Bridge Loans”) will be available in a single draw on the Bridge Closing Date.
		
		  	The aggregate principal amount of the Bridge Loans available to be borrowed on the Bridge Closing Date will be automatically reduced by (i) the gross proceeds received by the Company or any of its subsidiaries from any non-ordinary course asset sale after the date hereof and on or prior to the Bridge Closing Date to the extent not required to prepay the loans under either the Existing Credit Agreement or the Amended Gamma Credit
Agreement, and (ii) the gross proceeds received by the Company or any of its subsidiaries (including any such proceeds funded into escrow) from any sale or placement of Notes or other Takeout Notes (other than in connection with the closing of
the Gamma Acquisition or pursuant to employee or director compensation plans or arrangements) after the date hereof and on or prior to the Bridge Closing Date.

  
 Annex D-1 

			
	Closing Date:	  	The date on which Bridge Loans are made and the Odin Acquisition is consummated (the “Bridge Closing Date”).
		
	Ranking:	  	The Bridge Loans, the Guarantees and all obligations with respect thereto will be senior unsecured obligations and rank pari passu in right of payment with all of the Company’s and the Guarantors’ existing and
future senior obligations (including all obligations under the Backstop Credit Facilities, the Amended Gamma Credit Agreement or the Existing Credit Agreement, as applicable).
		
	Security:	  	None.
		
	Maturity:	  	The Bridge Loans will mature on the first anniversary of the Bridge Closing Date (the “Conversion Date”); provided that on the Conversion Date, so long as there is no payment or bankruptcy default and the
Conversion Fee (as defined in the Facilities Fee Letter) has been paid, the Bridge Loans will automatically convert into senior unsecured term loans maturing on the eighth anniversary of the Bridge Closing Date (the “Rollover
Loans”). At any time and from time to time, on or after the Conversion Date, upon reasonable prior written notice and in a minimum principal amount of at least $150.0 million, the Rollover Loans may be exchanged (each such exchange, an
“Exchange”), in whole or in part, at the option of the applicable Bridge Lender or Bridge Lenders, for senior unsecured exchange notes (the “Exchange Notes”), in a principal amount equal to the principal amount of
the Rollover Loans so exchanged and having the same maturity date as the Rollover Loans so exchanged.
		
		  	The Exchange Notes will be issued pursuant to an indenture (the “Indenture”) that will have the terms set forth on Exhibit 1 to this Annex D.
		
	Demand Failure Event:	  	Any failure to comply with the terms of a Bridge Takeout Notice (as defined in the Facilities Fee Letter) for any reason will be deemed to be a “Demand Failure Event” (as defined in the Facilities Fee Letter) under
the Bridge Facility Documentation. A Demand Failure Event will not constitute a default or event of default under the Bridge Facility.
		
	Interest Rate:	  	Until the earlier of (i) the Conversion Date or (ii) the occurrence of a Demand Failure Event, the Bridge Loans will bear interest at a floating rate, reset quarterly, as follows: (x) for the first three-month period
commencing on the Bridge Closing Date, the Bridge Loans will bear interest at a rate per annum equal to the reserve adjusted Eurodollar Rate (subject to a reserve adjusted Eurodollar Rate Floor of 1.00% per annum), plus 400
basis

  
 Annex D-2 

			
		  	points (collectively, the “Bridge LIBOR Rate”) and (y) thereafter, interest on the Bridge Loans will be payable at a floating per annum rate equal to the interest rate applicable during the prior
three-month period, in each case plus the Bridge Spread, reset at the beginning of each subsequent three-month period. The “Bridge Spread” will initially be 50 basis points (commencing three months after the Bridge Closing Date) and
will increase by an additional 50 basis points every three months thereafter. Notwithstanding the foregoing, at no time will the per annum interest rate on the Bridge Loans exceed the Total Cap (as defined in the Facilities Fee Letter) then in
effect (plus default interest, if any).
		
		  	From and after the earlier of the Conversion Date or the occurrence of a Demand Failure Event, the Bridge Loans will bear interest at a fixed rate equal to the Total Cap (plus default interest, if any).
		
		  	Prior to the earlier of the Conversion Date or the occurrence of a Demand Failure Event, interest will be payable at the end of each interest period. Accrued interest will also be payable in arrears on the Conversion Date and on the
date of any prepayment of the Bridge Loans or Rollover Loans. From and after the Conversion Date or occurrence of a Demand Failure Event, interest will be payable quarterly in arrears and on the date of any prepayment of the Bridge Loans or Rollover
Loans.
		
		  	As used herein, the term “reserve adjusted Eurodollar Rate” will have the meaning customary and appropriate for financings of this type, and the basis for calculating accrued interest and the interest periods for
loans bearing interest at the reserve adjusted Eurodollar Rate will be customary and appropriate for financings of this type.
		
		  	Upon the occurrence and during the continuance of a payment, bankruptcy or insolvency default or event of default or any other event of default, interest on all amounts then outstanding will accrue at a rate of 2.0% per annum plus
the rate otherwise applicable to such amounts and will be payable on demand (the “Default Interest Rate”); provided that unless such event is a payment, bankruptcy or insolvency default or event of default, such Default
Interest Rate will only apply at the request of the Required Lenders.
		
	Funding Protection:	  	The Bridge Facility Documentation will include funding protection provisions substantially similar to those provisions contained in the applicable Credit Agreement.
		
	Mandatory Prepayment:	  	Prior to the Conversion Date and to the extent permitted by the Credit Agreement, 100% of the net proceeds to the Company, or any of its subsidiaries (including the Odin Acquired Business

  
 Annex D-3 

			
		  	and its subsidiaries) from (a) any direct or indirect public offering or private placement of any debt or equity or equity-linked securities (other than the Stock Consideration and issuances pursuant to employee or director
compensation plans or arrangements), (b) any future bank borrowings (except borrowings under the Backstop Credit Facilities, the Amended Gamma Credit Agreement or the Existing Credit Agreement, as applicable, or other debt to fund working
capital in the ordinary course) and (c) subject to certain ordinary course exceptions and reinvestment rights, any future asset sales or receipt of insurance proceeds, will be used to repay the Bridge Loans, in each case at 100% of the
principal amount of the Bridge Loans prepaid plus accrued interest to the date of prepayment. Mandatory prepayments of the Bridge Loans will be applied ratably among the outstanding Bridge Loans. Any proceeds from the sale or other placement of
Notes or other Takeout Notes funded or purchased by a Bridge Lender or one or more of its affiliates will be applied, first, to refinance the Bridge Loans held at that time by such Bridge Lender, and second, in accordance with the pro rata
provisions otherwise applicable to prepayments.
		
		  	From and after the Conversion Date, the mandatory prepayment provisions in the Bridge Facility Documentation will provide that the Company will prepay the outstanding Rollover Loans, on a pro rata basis, subject to exceptions and
reinvestment rights consistent with those applicable to the Exchange Notes, with 100% of the net proceeds of any future non ordinary course asset sales, at 100% of the principal amount of the Rollover Loans prepaid plus accrued interest to the date
of prepayment; provided that each holder of Rollover Loans may elect to accept or waive a prepayment such holder is otherwise entitled to receive pursuant to this paragraph.
		
		  	Nothing in these mandatory prepayment provisions will restrict or prevent any holder of Rollover Loans from exchanging Rollover Loans for Exchange Notes on or after the first anniversary of the Bridge Closing Date.
		
	Change of Control:	  	Upon the occurrence of a Change of Control (as defined in the Gamma Indenture (as defined below)), the Company will be required to prepay in full all outstanding Bridge Loans at par plus accrued interest to the date of prepayment.
Prior to making any such prepayment, the Company will, within 30 days following the Change of Control, repay all obligations under the Credit Agreement, or obtain any required consent of the lenders under the Credit Agreement, to make such
prepayment of the Bridge Loans. From and after the Conversion Date or any Demand Failure Event, each holder of Bridge Loans or Rollover Loans may elect to accept or waive a prepayment such holder is otherwise entitled to receive pursuant to this
paragraph. From and after the occurrence of a Demand Failure Event, any such offer to prepay shall be at 101% of the principal amount of the outstanding Bridge Loans or Rollover Loans.

  
 Annex D-4 

			
		
	Voluntary Prepayment:	  	Prior to the Conversion Date, Bridge Loans may be prepaid, in whole or in part, at the option of the Company, at any time (except as provided below) without premium or penalty, upon five business days’ written notice, such
prepayment to be made at par plus accrued interest.
		
		  	From and after the Conversion Date and prior to the maturity thereof, Rollover Loans may be prepaid on terms applicable to Bridge Loans. If a Demand Failure Event occurs, the Bridge Loans and Rollover Loans may only be prepaid, in
whole or in part, at the option of the Company, at any time upon three days’ prior written notice at par plus accrued interest to the date of repayment plus the Applicable Premium that would apply to a voluntary redemption of Exchange
Notes.
		
	Bridge Facility Documentation:	  	The definitive documentation for the Bridge Facility (the “Bridge Facility Documentation”) will be negotiated in good faith, will contain the terms and conditions set forth in this Annex D and, to the extent not
provided for herein, will be based on (i) the terms of the Credit Agreement, with customary changes to reflect the interim nature of the Bridge Facility and the fact that the Bridge Facility is unsecured and (ii) as and to the extent
explicitly indicated below, that certain Indenture, dated as of July 6, 2018 (the “Gamma Indenture”), among Energizer Gamma Acquisition, Inc., as escrow issuer, the guarantors party thereto from time to time and The Bank of New
York Mellon Trust Company, N.A., as trustee, and will take into account the operational and strategic requirements of the Company and its subsidiaries (after giving effect to the Odin Acquisition and the other transactions contemplated by the
Commitment Letter) in light of their capitalization, size, business, industry, matters disclosed in the Odin Acquisition Agreement and the Company’s proposed business plan (collectively, the “Bridge Documentation
Principles”).
		
	Representations and Warranties:	  	The Bridge Facility Documentation will contain representations and warranties consistent with the Credit Agreement with changes as are usual and customary for financings of this kind, consistent with the Bridge Documentation
Principles.
		
	Covenants:	  	The Bridge Facility Documentation will contain the following covenants: (a) affirmative covenants consistent with the Credit Agreement, with changes as are usual and customary for financings of this kind, consistent with the
Bridge Documentation Principles; (b) incurrence-based negative covenants that are usual and customary for publicly traded high-yield debt securities, consistent with the Gamma Indenture; provided that prior to the first anniversary of
the Bridge Closing

  
 Annex D-5 

			
		  	Date, the restricted payments, liens and debt incurrence covenants in the Bridge Facility Documentation will be more restrictive than the Gamma Indenture in a manner to be agreed. There will not be any financial maintenance
covenants in the Bridge Facility Documentation.
		
	Events of Default:	  	The Bridge Facility Documentation will contain such events of default as are consistent with the Credit Agreement (other than with respect to change of control), consistent with the Bridge Documentation Principles.
		
	Conditions Precedent to	  	
	Borrowing:	  	The several obligations of the Bridge Lenders to make, or cause one of their respective affiliates to make, the Bridge Loans will be subject only to the conditions precedent referred to in the first paragraph of Section 2 of
the Commitment Letter and those listed on Annex E attached to the Commitment Letter.
		
	Assignments and Participations:	  	Subject to the prior notification of the Bridge Administrative Agent, each of the Bridge Lenders may assign all or (subject to minimum assignment amount requirements) any part of its Bridge Loans to its affiliates (other than
natural persons) or one or more banks, financial institutions or other entities that are “Eligible Assignees,” as defined in the Bridge Facility Documentation, other than Disqualified Lenders (the list of which will be made available to
all Bridge Lenders); provided that prior to the Conversion Date, unless a Demand Failure Event has occurred, the consent of the Company shall be required for any assignment by an Initial Bridge Lender that would cause the aggregate principal
amount of Bridge Loans held by it to be less than 50.1% of the aggregate principal amount of Bridge Loans held by it on the Bridge Closing Date (as reduced by prepayments).
		
		  	Upon such assignment, such Eligible Assignee will become a Bridge Lender for all purposes under the Bridge Facility Documentation; provided that assignments made to affiliates and other Bridge Lenders will not be subject to
any minimum assignment amount requirements. A $3,500 processing fee will be required in connection with any such assignment. The Bridge Lenders will also have the right to sell participations, subject to customary limitations on voting rights, in
their respective Bridge Loans other than Disqualified Lenders (the list of which will be made available to all Bridge Lenders).
		
	Requisite Lenders:	  	Bridge Lenders holding at least a majority of total Bridge Loans, with certain amendments requiring the consent of Bridge Lenders holding a greater percentage (or all) of the total Bridge
Loans.

  
 Annex D-6 

			
	Indemnity and Expenses:	  	The Bridge Facility Documentation will provide customary and appropriate provisions relating to expense reimbursement, indemnity and related matters as are consistent with the Credit Agreement and the Bridge Documentation
Principles.
		
	Governing Law and Jurisdiction:	  	New York.
		
	Counsel to the Bridge Lead Arrangers and the Bridge Administrative Agent:	  	Davis Polk & Wardwell LLP.

  
 Annex D-7 

 Exhibit 1 to Annex D 

Summary of Exchange Notes 
 This
Summary of Exchange Notes outlines certain terms of the Exchange Notes referred to in Annex D to the Commitment Letter, of which this Exhibit 1 is a part. Capitalized terms used herein have the meanings assigned to them in Annex D to the
Commitment Letter. 
 Exchange Notes 

At any time on or after the Conversion Date, upon not less than five business days’ prior notice, Bridge Loans may, at the option of a Bridge Lender, be
exchanged for a principal amount of Exchange Notes equal to 100% of the aggregate principal amount of the Bridge Loans so exchanged. At a Bridge Lender’s option, Exchange Notes will be issued directly to its broker-dealer affiliate or other
third party designated by it, upon surrender by such Bridge Lender to the Company of an equal principal amount of Bridge Loans. No Exchange Notes will be issued until the Company receives requests to issue at least $150.0 million in aggregate
principal amount of Exchange Notes. The Company will issue Exchange Notes under an indenture (the “Indenture”) that complies with the Trust Indenture Act of 1939, as amended. The Company will appoint a trustee reasonably acceptable
to the Bridge Lenders. 
  

			
	Final Maturity:	  	Same as the Rollover Loans.
		
	Interest Rate:	  	Each Exchange Note will bear interest at a fixed rate equal to the Total Cap then in effect (plus default interest, if any). Interest will be payable semiannually in arrears.
		
		  	After the occurrence and during the continuance of an Event of Default, interest on all amounts outstanding will accrue at the applicable rate plus two percentage points (2.00%) per annum.
		
	Optional Redemption:	  	The Exchange Notes may be redeemed, in whole or in part, at the option of the Company, at any time upon not less than 30 nor more than 60 days’ prior written notice at par plus accrued interest to the date of repayment plus the
Applicable Premium. The “Applicable Premium” will be (i) a make-whole premium based on the applicable treasury rate plus 50 basis points prior to the third anniversary of the Bridge Closing Date and (ii) 50% of the Total
Cap from and including the third anniversary of the Bridge Closing Date to but excluding the fourth anniversary of the Bridge Closing Date, and then declining to 25% of the Total Cap on the fourth anniversary of the Bridge Closing Date and to zero
on the fifth anniversary of the Bridge Closing Date.
		
		  	In addition, prior to the third anniversary of the Bridge Closing Date, up to 40% of the original principal amount of the Exchange Notes may be redeemed with an amount equal to the proceeds of a qualifying equity offering by the
Company at a redemption price equal to par plus the Total Cap and accrued interest.

  
 Annex D-1-1 

			
	Defeasance Provisions of Exchange Notes:	  	Substantially similar to the notes issued under the Gamma Indenture.
		
	Modification:	  	Substantially similar to the notes issued under the Gamma Indenture.
		
	Change of Control:	  	Substantially similar to the notes issued under the Gamma Indenture, at 101%.
		
	Covenants:	  	The Indenture will include covenants customary for publicly traded high yield debt securities, consistent with the Gamma Indenture with adjustments to take into account the size of the Company and its subsidiaries (after giving
effect to the Odin Acquisition and the other transactions contemplated by the Commitment Letter) and the Company’s proposed business plan. There will not be any financial maintenance covenants in the Indenture.
		
	Events of Default:	  	The Indenture will provide for Events of Default customary for publicly traded high yield debt securities, consistent with the Gamma Indenture.
		
	Registration Rights:	  	None; 144A for life.

  
 Annex D-1-2 

 Annex E 

Additional Conditions Precedent to the Facilities 

These Additional Conditions Precedent, together with those set forth in the first paragraph of Section 2 of the Commitment Letter, set forth the only
conditions precedent to the effectiveness of, and the initial funding under, the Facilities referred to in the Commitment Letter, of which this Annex E is a part. Certain capitalized terms used herein are defined in the Commitment Letter. 

The only conditions to the effectiveness of, and the initial funding under, the Facilities shall consist of the following (together with the other conditions
to funding expressly set forth in the first paragraph of Section 2 of the Commitment Letter): 
  

	1.	 The Odin Acquisition shall have been consummated or will be consummated concurrently with the initial funding
under the Facilities in all material respects in accordance with the Odin Acquisition Agreement. No conditions precedent to the consummation of the Odin Acquisition or other provision of the Odin Acquisition Agreement shall have been waived,
modified, supplemented or amended (and no consent granted), in a manner materially adverse to the Lead Arrangers or the Lenders in their capacities as Lenders, in each case, without the consent of the Lead Arrangers, not to be unreasonably withheld
or delayed; provided that, without limitation, (i) any changes to the definition of “Material Adverse Effect” shall be deemed materially adverse and (ii) any increase or decrease in the acquisition consideration shall not
be deemed to be materially adverse to the Lead Arrangers or the Lenders so long as (1) any increase is funded by cash on hand or proceeds of an offering of the Company’s equity (the form of which, to the extent not in the form of common
equity, will be reasonably satisfactory to the Lead Arrangers) and (2) (x) 25% of any decrease is allocated to reduce the Stock Consideration and (y) 75% of any decrease is allocated to reduce the Incremental Facility and the Bridge Facility pro
rata on a dollar-for-dollar basis; provided that Funded Indebtedness (as defined in the Odin Acquisition Agreement as in effect on the date hereof) of the Odin
Acquired Business included in Closing Net Indebtedness (as defined in the Odin Acquisition Agreement) shall be applied to reduce the Incremental Facility and the Bridge Facility only to the extent such debt is not repaid, redeemed, defeased or
otherwise discharged, and any liens securing such Funded Indebtedness released, substantially simultaneously with the funding of the Facilities on the Closing Date and, in the case of Funded Indebtedness of the type described in clause (e) of
the definition thereof, exceeds $20,000,000 in aggregate principal amount. 

  

	2.	 The Lead Arrangers shall have received (i) (A) audited consolidated balance sheets of the Company as at
the end of each of the three fiscal years ended September 30, 2016, September 30, 2017 and September 30, 2018, and related statements of earnings and comprehensive income (loss), shareholders’ equity and cash flows of the Company
and accompanying notes to such financial statements for each of the three fiscal years immediately preceding, and ended more than 90 days prior to, the Closing Date and (B) audited combined carve-out
balance sheets of the Odin Acquired Business as at the end of each of the three fiscal years ended September 30, 2016, September 30, 2017 and September 30, 2018, and related statements of income, comprehensive income,
shareholders’ equity and cash flows of the Odin Acquired Business and accompanying notes to such financial statements for each of the three fiscal years immediately preceding, and ended more than 90 days prior to, the Closing Date;
(ii) (A) an unaudited consolidated balance sheet of the Company as at the end of, and related statements of earnings and comprehensive income (loss), and cash flows of the Company and accompanying notes to such financial statements for, each
fiscal quarter (and the corresponding quarter in the prior fiscal year), other than the fourth quarter of the Company’s fiscal year, subsequent to the date of the most recent 

  
 Annex E-1 

	 	
audited financial statements of the Company and ended more than 40 days prior to the Closing Date which financial statements under this clause (ii)(A) shall have been prepared in accordance with
U.S. GAAP and Regulation S-X, that have been reviewed by the Company’s independent accountants as provided in the procedures specified by the Public Company Accounting Oversight Board
(“PCAOB”) in AU 722 and (B) an unaudited combined carve-out balance sheet of the Odin Acquired Business as at the end of, and related statements of income and comprehensive income, and
cash flows of the Odin Acquired Business and accompanying notes to such financial statements for, each fiscal quarter (and the corresponding quarter in the prior fiscal year), other than the fourth quarter of the Odin Acquired Business’ fiscal
year, subsequent to the date of the most recent audited financial statements of the Odin Acquired Business and ended more than 40 days prior to the Closing Date which financial statements in the case of this clause (ii)(B) shall have been prepared
in accordance with U.S. GAAP and Regulation S-X, that have been reviewed by the Odin Acquired Business’ independent accountants as provided in the procedures specified by the PCAOB in AU 722; and
(iii) a customary unaudited pro forma balance sheet and customary unaudited pro forma statements of income of the Company as of and for the twelve-month period ending on the last day of the most recently completed twelve month period referred
to in clauses (i) and (ii) above, which pro forma financial statements prepared after giving effect to the transactions contemplated herein (including the Odin Acquisition, the incurrence of this financing and (unless the Gamma Termination Date
shall have occurred prior to such time) the Gamma Acquisition, any Divestiture Process (as defined in the Gamma Acquisition Agreement) and the application of the proceeds thereof and of any associated loss-sharing payment received) as if such
transactions had occurred as of such date (in the case of each balance sheet) or at the beginning of such period (in the case of each of the other financial statements) in each case compliant in all material respects with the requirements of
Regulation S-K and Regulation S-X under the Securities Act for offerings of debt securities on a registration statement on Form
S-1 for a non-reporting company (an “S-1 Registration Statement”) and of the type and form customarily included
in offering documents used in private placements under Rule 144A of the Securities Act. 

  

	3.	 All reasonable and documented costs and expenses (including, without limitation, reasonable and invoiced out-of-pocket legal fees and expenses, title premiums, survey charges and recording taxes and fees) and the fees and other compensation contemplated by the Commitment Letter
and the Fee Letters payable to the Commitment Parties, the Lead Arrangers, the Agents or the Lenders on the Closing Date and, with respect to expenses, invoiced at least two business days prior to such date shall, upon the initial borrowing under
the Facilities, have been, or will be substantially simultaneously, paid (which amounts may be offset against the proceeds of the Facilities). 

  

	4.	 (a) Solely in the event that the Backstop Credit Facilities are utilized on the Closing Date, all third-party
indebtedness of the Company under the Gamma Credit Agreement shall, upon the borrowing under the Backstop Credit Facilities, have been, or will be substantially simultaneously, repaid, redeemed, defeased or otherwise discharged, and any liens
securing such indebtedness released (other than certain existing letters of credit outstanding under the Gamma Credit Agreement that, on the Closing Date, will be grandfathered into, or backstopped by letters of credit issued under, the revolving
credit facility under the Gamma Credit Agreement or cash collateralized in a manner satisfactory to the issuing banks thereof) and (b) except for up to $20,000,000 of capital leases as contemplated by paragraph 1 above, all funded indebtedness
of the Odin Acquired Business have been, or will be substantially simultaneously, repaid, redeemed, defeased or otherwise discharged, and any liens securing such indebtedness released. 

  
 Annex E-2 

	5.	 In the case of each of the Odin Incremental Facility and the Bridge Facility, (a) if the Gamma Closing
Date has occurred, (i) the Amendment shall be in full force and effect or (ii) the Backstop Credit Facilities Documentation shall be in full force and effect (or will be concurrently with the funding of the Odin Incremental Facility and/or
the Bridge Facility) or (b) if the Gamma Termination Date has occurred, the Existing Credit Agreement shall be in full force and effect. 

  

	6.	 The Company shall have delivered to the Lead Arrangers the following documentation relating to the Company and
all of the Guarantors consistent with the Revised Gamma Credit Agreement Terms or the Existing Credit Agreement, as applicable, and the Bridge Documentation Principles: (i) customary legal opinions, corporate records and documents from public
officials, lien searches and officer’s certificates as to the Company and each of the Guarantors; (ii) customary evidence of authority; (iii) customary prior written notice of borrowing; and (iv) a solvency certificate from the
chief financial officer of the Company substantially in the form of Annex I hereto, certifying that the Company and its subsidiaries are, on a consolidated basis after giving effect to the transactions contemplated hereby, solvent. Solely with
respect to the Backstop Credit Facilities and the Odin Incremental Facility and subject to the Limited Conditionality Provisions, all documents and instruments required to create and perfect the Collateral Agent’s security interests in the
Collateral shall have been executed and delivered and, if applicable, be in proper form for filing. The Specified Acquisition Agreement Representations will be true and correct to the extent provided in the first paragraph of Section 2 of the
Commitment Letter. The Specified Representations will be true and correct in all material respects (except that any such representation qualified by materiality or material adverse effect will be true and correct in all respects).

  

	7.	 The Lead Arrangers shall have received at least five business days prior to the Closing Date all documentation
and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation, to the extent requested
at least ten days prior to the Closing Date. 

  

	8.	 With respect to the Backstop Credit Facilities, the Odin Incremental Facility and the Bridge Facility, the Lead
Arrangers shall have received customary Confidential Information Memoranda (which shall include the financial statements described in paragraph 2 above) for use in the syndication of the Backstop Credit Facilities by a date sufficient to afford the
Lead Arrangers a period of at least 15 consecutive business days to syndicate the Backstop Credit Facilities prior to the Closing Date; provided that (i) the days from November 22, 2018 through November 25, 2018 shall not be
included when counting the 15 business days, (ii) if such period has not ended on or before December 21, 2018, it shall not commence until January 2, 2019, (iii) such period will not commence until the audited financial statements of
each of the Company and the Odin Acquired Business for the year ended September 30, 2018 meeting the requirements of clauses (i)(A) and (ii)(A) of paragraph 2 above have been received by the Lead Arrangers and (iv) such period will not
commence prior to the earlier of (x) first date on which the conditions set forth in Sections 9.01(c), 9.01(d), 9.02(c) and 9.02(d) of the Gamma Acquisition Agreement as in effect on the date hereof are satisfied (the “Gamma Clearance
Date”) and (y) the Gamma Termination Date. 

  

	9.	 (a) The Company shall have entered into an engagement letter with one or more investment banks (the
“Investment Banks”) reasonably acceptable to the Lead Arrangers, pursuant to which the Company will engage the Investment Banks in connection with a potential issuance of Notes and Equity Securities (with the Commitment Parties
acknowledging that the condition specified in this clause (a) has been satisfied as of the date hereof) and (b) prior to the Closing Date there shall have elapsed at least 15 consecutive business days after the date on which the Company
shall 

  
 Annex E-3 

	 	
have provided to the Lead Arrangers (1) a customary preliminary offering memorandum suitable for use during such period in a customary “road show” relating to the offering of the
Notes pursuant to Rule 144A under the Securities Act (except that the “description of notes” and “plan of distribution” sections, to the extent applicable, may be excluded, provided that the Company will cooperate with the
Investment Banks to assist with preparation of the “description of notes” section to the extent applicable) and a customary preliminary prospectus for the offering of the Equity Securities pursuant to a registered offering under the
Securities Act, including audited annual financial statements of the Company and the Odin Acquired Business contemplated by paragraph 2 above and PCAOB AU 722 reviewed interim financial statements of the Company and the Odin Acquired Business for
the interim periods contemplated by paragraph 2 above and any other business the financials of which would be required to be included pursuant to Rule 3-05 of Regulation
S-X if the offering was done on a registered basis, pro forma financial statements giving effect to the Odin Acquisition, (unless the Gamma Termination Date shall have occurred prior to such time) the Gamma
Acquisition, any Divestiture Process and the application of the proceeds thereof and of any associated loss-sharing payment received and other recent or probable material acquisitions (to the extent required in an
S-1 Registration Statement) and other financial data of the type and form customarily included in offering memoranda, prospectuses and similar documents for use during such period in a customary “road
show” relating to the offering of the Notes pursuant to Rule 144A or the Equity Securities pursuant to a registered offering under the Securities Act, prepared, in the case of the historical and pro forma financial statements, in accordance
with U.S. GAAP and Regulation S-X under the Securities Act (and with respect to pro forma financial statements for the most recent fiscal year, the interim periods contemplated pursuant to paragraph 2(i)(A)
above and paragraph 2(ii)(A) above and the twelve-month period ending on the last day of each of the most recently completed four-fiscal quarter period contemplated pursuant to paragraph 2(i)(B) above, as if Regulation
S-X was applicable to such financial statements, and of the type and form customarily included in an offering of high-yield debt securities pursuant to Rule 144A and equity securities pursuant to a registered
offering under the Securities Act) which will be in a form that will enable the independent auditors of the Company and the Odin Acquired Business to render a customary “comfort letter” (including customary “negative assurances”)
in connection with an offering of the Securities and (2) drafts of such comfort letters referred to in clause (1) which such independent auditors are prepared to deliver (the “Draft Comfort Letters”); provided that
for purposes of this paragraph (i) the days from November 22, 2018 through November 25, 2018 shall not be included when counting the 15 business days, (ii) if such period has not ended on or before December 21, 2018, it
shall not commence until January 2, 2019, (iii) such period will not commence until the audited financial statements of each of the Company and the Odin Acquired Business for the year ended September 30, 2018 meeting the requirements of
clauses (i)(A) and (ii)(A) of paragraph 2 above have been received by the Lead Arrangers and (iv) such period will not commence prior to the earlier of (x) the Gamma Clearance Date and (y) the Gamma Termination Date. A preliminary
offering memorandum or prospectus, as applicable, that complies with the requirements set forth in the immediately preceding sentence and is accompanied by the Draft Comfort Letters is referred to herein as the “Required Offering
Document.” 

 If the Company in good faith reasonably believes it has delivered each Required Offering Document, it
may deliver to the Lead Arrangers a written notice to that effect (stating when it believes it completed such delivery), in which case the 15 consecutive business day period referred to above shall be deemed to have commenced on the date specified
in that notice unless the Lead Arrangers in good faith reasonably believe the Company has not completed delivery of the Required Offering Document and, within three business days after the delivery of such notice by the Company, delivers a written
notice to the Company to that effect (stating with reasonable specificity which information required to be included in the Required Offering Document the Lead Arrangers reasonably believe the Company has not delivered). 

  
 Annex E-4 

 Annex I to Annex E 

Form of Solvency Certificate 

[Date] 
 This Solvency
Certificate (this “Certificate”) is delivered by ENERGIZER HOLDINGS, INC., a Missouri corporation (the “Borrower”), in connection with that certain Credit Agreement dated as of [Date] (the “Credit
Agreement”), among the Borrower, the Lenders from time to time party thereto and [            ], as Administrative Agent. Each capitalized term used but not defined herein shall
have the meaning assigned to it in the Credit Agreement. 
 Pursuant to Section [    ] of the Credit Agreement, the
Borrower hereby certifies that, after giving effect to the Transactions, on the date hereof: 
 (a) The fair value of the property of the
Borrower and its Subsidiaries, on a consolidated basis, is greater than the total amount of the liabilities, including contingent liabilities, of the Borrower and its Subsidiaries on a consolidated basis. In computing the amount of any contingent
liabilities on the date hereof, such liabilities shall have been computed at the amount that, in light of all of the facts and circumstances existing on the date hereof, represents the amount that can be reasonably expected to become an actual or
matured liability. 
 (b) The present fair saleable value of the assets of the Borrower and its Subsidiaries, on a consolidated basis, is not
less than the amount that will be required to pay the probable liability of the Borrower and its Subsidiaries, on a consolidated basis, on their debts as they become absolute and matured. 

(c) The Borrower and its Subsidiaries, on a consolidated basis, do not intend to incur debts or liabilities beyond their ability to pay such
debts and liabilities as they mature in the ordinary course of business. 
 (d) The Borrower and its Subsidiaries, on a consolidated basis,
are not engaged in business or a transaction for which their property would constitute an unreasonably small capital. 
 (e) The Borrower and
its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. In computing the amount of any contingent liabilities on the date
hereof, such liabilities shall have been computed at the amount that, in light of all of the facts and circumstances existing on the date hereof, represents the amount that can be reasonably expected to become an actual or matured liability. 

IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed as of the date first above written. 

 

			
	ENERGIZER HOLDINGS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	Chief Financial Officer

  
 Annex I-1EX-4.1

Table of Contents

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

OMEROS CORPORATION 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 
  

 
 INDENTURE 

Dated as of November 15, 2018 
  

 
 6.25%
Convertible Senior Notes due 2023 
  
  

 

Table of Contents

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article 1.
	 	 Definitions; Rules of Construction
	  	 	1	 
	 Section 1.01.
	 	 Definitions.
	  	 	1	 
	 Section 1.02.
	 	 Other Definitions.
	  	 	11	 
	 Section 1.03.
	 	 Rules of Construction.
	  	 	12	 
	 Article 2.
	 	 The Notes
	  	 	13	 
	 Section 2.01.
	 	 Form, Dating and Denominations.
	  	 	13	 
	 Section 2.02.
	 	 Execution, Authentication and Delivery.
	  	 	13	 
	 Section 2.03.
	 	 Initial Notes and Additional Notes.
	  	 	14	 
	 Section 2.04.
	 	 Method of Payment.
	  	 	14	 
	 Section 2.05.
	 	 Accrual of Interest; Defaulted Amounts; When Payment Date is Not a Business
Day.
	  	 	15	 
	 Section 2.06.
	 	 Registrar, Paying Agent and Conversion Agent.
	  	 	16	 
	 Section 2.07.
	 	 Paying Agent and Conversion Agent to Hold Property in
Trust.
	  	 	16	 
	 Section 2.08.
	 	 Holder Lists.
	  	 	17	 
	 Section 2.09.
	 	 Legends.
	  	 	17	 
	 Section 2.10.
	 	 Transfers and Exchanges; Certain Transfer
Restrictions.
	  	 	18	 
	 Section 2.11.
	 	 Exchange and Cancellation of Notes to Be Converted, Redeemed or Repurchased.

	  	 	23	 
	 Section 2.12.
	 	 Removal of Transfer Restrictions.
	  	 	23	 
	 Section 2.13.
	 	 Replacement Notes.
	  	 	24	 
	 Section 2.14.
	 	 Registered Holders; Certain Rights with Respect to Global
Notes.
	  	 	24	 
	 Section 2.15.
	 	 Cancellation.
	  	 	24	 
	 Section 2.16.
	 	 Notes Held by the Company or its Affiliates.
	  	 	25	 
	 Section 2.17.
	 	 Temporary Notes.
	  	 	25	 
	 Section 2.18.
	 	 Outstanding Notes.
	  	 	25	 
	 Section 2.19.
	 	 Repurchases by the Company.
	  	 	26	 
	 Section 2.20.
	 	 CUSIP and ISIN Numbers.
	  	 	26	 
	 Article 3.
	 	 Covenants
	  	 	26	 
	 Section 3.01.
	 	 Payment on Notes.
	  	 	26	 
	 Section 3.02.
	 	 Exchange Act Reports.
	  	 	27	 
	 Section 3.03.
	 	 Rule 144A Information.
	  	 	27	 
	 Section 3.04.
	 	 Additional Interest.
	  	 	27	 
	 Section 3.05.
	 	 Compliance and Default Certificates.
	  	 	28	 
	 Section 3.06.
	 	 Stay, Extension and Usury Laws.
	  	 	29	 
	 Section 3.07.
	 	 Corporate Existence.
	  	 	29	 
	 Section 3.08.
	 	 Restriction on Acquisition of Notes by the Company and its Affiliates.

	  	 	29	 
	 Section 3.09.
	 	 Further Instruments and Acts.
	  	 	29	 
	 Article 4.
	 	 Repurchase and Redemption
	  	 	29	 
	 Section 4.01.
	 	 No Sinking Fund.
	  	 	29	 

  

-  i  - 

Table of Contents

							
	 Section 4.02.
	 	 Right of Holders to Require the Company to Repurchase Notes upon a Fundamental
Change.
	  	 	29	 
	 Section 4.03.
	 	 Right of the Company to Redeem the Notes.
	  	 	34	 
	 Article 5.
	 	 Conversion
	  	 	36	 
	 Section 5.01.
	 	 Right to Convert.
	  	 	36	 
	 Section 5.02.
	 	 Conversion Procedures.
	  	 	39	 
	 Section 5.03.
	 	 Settlement upon Conversion.
	  	 	41	 
	 Section 5.04.
	 	 Reserve and Status of Common Stock Issued upon
Conversion.
	  	 	43	 
	 Section 5.05.
	 	 Adjustments to the Conversion Rate.
	  	 	44	 
	 Section 5.06.
	 	 Voluntary Adjustments.
	  	 	53	 
	 Section 5.07.
	 	 Adjustments to the Conversion Rate in Connection with a Make-Whole Fundamental
Change.
	  	 	54	 
	 Section 5.08.
	 	 [Reserved].
	  	 	55	 
	 Section 5.09.
	 	 Effect of Common Stock Change Event.
	  	 	55	 
	 Article 6.
	 	 Successors
	  	 	56	 
	 Section 6.01.
	 	 When the Company May Merge, Etc.
	  	 	56	 
	 Section 6.02.
	 	 Successor Corporation Substituted.
	  	 	57	 
	 Article 7.
	 	 Defaults and Remedies
	  	 	57	 
	 Section 7.01.
	 	 Events of Default.
	  	 	57	 
	 Section 7.02.
	 	 Acceleration.
	  	 	59	 
	 Section 7.03.
	 	 Sole Remedy for a Failure to Report.
	  	 	60	 
	 Section 7.04.
	 	 Other Remedies.
	  	 	61	 
	 Section 7.05.
	 	 Waiver of Past Defaults.
	  	 	61	 
	 Section 7.06.
	 	 Control by Majority.
	  	 	61	 
	 Section 7.07.
	 	 Limitation on Suits.
	  	 	61	 
	 Section 7.08.
	 	 Absolute Right of Holders to Institute Suit for the Enforcement of the
Right to Receive Payment and Conversion Consideration.
	  	 	62	 
	 Section 7.09.
	 	 Collection Suit by Trustee.
	  	 	62	 
	 Section 7.10.
	 	 Trustee May File Proofs of Claim.
	  	 	62	 
	 Section 7.11.
	 	 Priorities.
	  	 	63	 
	 Section 7.12.
	 	 Undertaking for Costs.
	  	 	63	 
	 Article 8.
	 	 Amendments, Supplements and Waivers
	  	 	64	 
	 Section 8.01.
	 	 Without the Consent of Holders.
	  	 	64	 
	 Section 8.02.
	 	 With the Consent of Holders.
	  	 	65	 
	 Section 8.03.
	 	 Notice of Amendments, Supplements and Waivers.
	  	 	66	 
	 Section 8.04.
	 	 Revocation, Effect and Solicitation of Consents; Special Record Dates;
 Etc.
	  	 	66	 
	 Section 8.05.
	 	 Notations and Exchanges.
	  	 	66	 
	 Section 8.06.
	 	 Trustee to Execute Supplemental Indentures.
	  	 	67	 
	 Article 9.
	 	 Satisfaction and Discharge
	  	 	67	 
	 Section 9.01.
	 	 Termination of Company’s Obligations.
	  	 	67	 
	 Section 9.02.
	 	 Repayment to Company.
	  	 	68	 

  

-  ii  - 

Table of Contents

							
	 Section 9.03.
	 	 Reinstatement.
	  	 	68	 
	 Article 10.
	 	 Trustee
	  	 	68	 
	 Section 10.01.
	 	 Duties of the Trustee.
	  	 	68	 
	 Section 10.02.
	 	 Rights of the Trustee.
	  	 	69	 
	 Section 10.03.
	 	 Individual Rights of the Trustee.
	  	 	70	 
	 Section 10.04.
	 	 Trustee’s Disclaimer.
	  	 	70	 
	 Section 10.05.
	 	 Notice of Defaults.
	  	 	70	 
	 Section 10.06.
	 	 Compensation and Indemnity.
	  	 	71	 
	 Section 10.07.
	 	 Replacement of the Trustee.
	  	 	72	 
	 Section 10.08.
	 	 Successor Trustee by Merger, Etc.
	  	 	72	 
	 Section 10.09.
	 	 Eligibility; Disqualification.
	  	 	73	 
	 Article 11.
	 	 Miscellaneous
	  	 	73	 
	 Section 11.01.
	 	 Notices.
	  	 	73	 
	 Section 11.02.
	 	 Delivery of Officer’s Certificate and Opinion of Counsel as to Conditions
 Precedent.
	  	 	74	 
	 Section 11.03.
	 	 Statements Required in Officer’s Certificate and Opinion of Counsel.

	  	 	75	 
	 Section 11.04.
	 	 Rules by the Trustee, the Registrar and the Paying
Agent.
	  	 	75	 
	 Section 11.05.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders.

	  	 	75	 
	 Section 11.06.
	 	 Governing Law; Waiver of Jury Trial.
	  	 	75	 
	 Section 11.07.
	 	 Submission to Jurisdiction.
	  	 	76	 
	 Section 11.08.
	 	 No Adverse Interpretation of Other Agreements.
	  	 	76	 
	 Section 11.09.
	 	 Successors.
	  	 	76	 
	 Section 11.10.
	 	 Force Majeure.
	  	 	76	 
	 Section 11.11.
	 	 U.S.A. PATRIOT Act.
	  	 	76	 
	 Section 11.12.
	 	 Calculations.
	  	 	76	 
	 Section 11.13.
	 	 Severability.
	  	 	77	 
	 Section 11.14.
	 	 Counterparts.
	  	 	77	 
	 Section 11.15.
	 	 Table of Contents, Headings, Etc.
	  	 	77	 
	 Section 11.16.
	 	 Withholding Taxes.
	  	 	77	 
	 Exhibits
	  			
	 Exhibit A: Form of Note
	  	 	A-1	 
	 Exhibit B-1: Form of Restricted Note
Legend
	  	 	B1-1	 
	 Exhibit B-2: Form of Global Note Legend
	  	 	B2-1	 
	 Exhibit B-3: Form of Non-Affiliate
Legend
	  	 	B3-1	 

  

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 INDENTURE, dated as of November 15, 2018, between Omeros Corporation, a
Washington corporation, as issuer (the “Company”), and Wells Fargo Bank, National Association, a national banking association organized under the laws of the United States, as trustee (the “Trustee”). 

Each party to this Indenture (as defined below) agrees as follows for the benefit of the other party and for the equal and ratable benefit of
the Holders (as defined below) of the Company’s 6.25% Convertible Senior Notes due 2023 (the “Notes”). 
 
Article 1. DEFINITIONS; RULES OF CONSTRUCTION 
 Section 1.01. DEFINITIONS. 

“Additional Interest” means any interest that accrues on any Note pursuant to Section 3.04. 

“Affiliate” has the meaning set forth in Rule 144 as in effect on the Issue Date. 

“Authorized Denomination” means, with respect to a Note, a principal amount thereof equal to $1,000 or any integral multiple
of $1,000 in excess thereof. 
 “Bankruptcy Law” means Title 11, United States Code, or any similar U.S. federal or state
or non-U.S. law for the relief of debtors. 
 “Bid Solicitation Agent” means the Person who is required to obtain bids for
the Trading Price in accordance with Section 5.01(C)(i)(2) and the definition of “Trading Price.” The initial Bid Solicitation Agent on the Issue Date will be the Company; provided, however, that the Company may
appoint any other Person (including any of its Subsidiaries) to be the Bid Solicitation Agent at any time after the Issue Date without prior notice to the Holders. 

“Board of Directors” means the board of directors of the Company or a committee of the board duly authorized to act on behalf
of such board. 
 “Business Day” means any day other than a Saturday, a Sunday or any day on which the Federal Reserve Bank
of New York is authorized or required by law or executive order to close or be closed. 
 “Capital Stock” of any Person
means any and all shares of, interests in, rights to purchase, warrants or options for, participations in, or other equivalents of, in each case however designated, the equity of such Person, but excluding any debt securities convertible into such
equity. 
 “Close of Business” means 5:00 p.m., New York City time. 

“Common Stock” means the common stock, $0.01 par value per share, of the Company, subject to any changes in connection with a
Common Stock Change Event pursuant to Section 5.09. 

  

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Table of Contents

 “Company” means the Person named as such in the first paragraph of this
Indenture and, subject to Article 6, its successors and assigns. 
 “Company Order” means a written request or order
signed on behalf of the Company by one (1) of its Officers and delivered to the Trustee. 
 “Conversion Date” means,
with respect to a Note, the first Business Day on which the requirements set forth in Section 5.02(A) to convert such Note are satisfied. 

“Conversion Price” means, as of any time, an amount equal to (A) one thousand dollars ($1,000) divided by
(B) the Conversion Rate in effect at such time. 
 “Conversion Rate” initially means 52.0183 shares of Common Stock
per $1,000 principal amount of Notes; provided, however, that the Conversion Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Indenture refers to the Conversion Rate as of
a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date. 

“Conversion Share” means any share of Common Stock issued or issuable upon conversion of any Note. 

“Daily Cash Amount” means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash
Amount; and (B) the Daily Conversion Value for such VWAP Trading Day. 
 “Daily Conversion Value” means, with respect
to any VWAP Trading Day, one-forty-fifth (1/45th) of the product of (A) the Conversion Rate on such VWAP Trading Day; and (B) the Daily VWAP on such VWAP Trading Day. 

“Daily Maximum Cash Amount” means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the
Specified Dollar Amount applicable to such conversion by (B) forty-five (45). 
 “Daily Share Amount” means, with
respect to any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading
Day. For the avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount. 

“Daily VWAP” means, for any VWAP Trading Day, the per share volume-weighted average price of the Common Stock as displayed
under the heading “Bloomberg VWAP” on Bloomberg page “OMER <EQUITY> AQR” (or, if such page is not available, its equivalent successor page) in respect of the period from the scheduled open of trading until the scheduled
close of trading of the primary trading session on such VWAP Trading Day (or, if such volume-weighted average price is unavailable, the market value of one share of Common Stock on such VWAP Trading Day, determined, using a volume-weighted average
price method, by a nationally recognized independent investment banking firm selected by the Company, which may include any of the Initial Purchasers). The Daily VWAP will be determined without regard to after-hours trading or any other trading
outside of the primary trading session. 

  

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Table of Contents

 “Default” means any event that is (or, after notice, passage of time or
both, would be) an Event of Default. 
 “Default Settlement Method” means Combination Settlement with a Specified Dollar
Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, and at its election, change the Default Settlement Method by sending notice of the new Default Settlement Method to the
Holders, the Trustee and the Conversion Agent. 
 “Depositary” means The Depository Trust Company or its successor. 

“Depositary Participant” means any member of, or participant in, the Depositary. 

“Depositary Procedures” means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or
any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction. 

“Ex-Dividend Date” means, with respect to an issuance, dividend or distribution on the Common Stock, the first date on which
shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to due bills or similar arrangements required by the relevant
stock exchange). For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of the Common Stock under a separate ticker symbol or CUSIP number will not be considered “regular way” for
this purpose. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Free Trade Date” means, with respect to any Note, the date that is one (1) year after the Last Original Issue Date of
such Note. 
 “Freely Tradable” means, with respect to any Note, that such Note would be eligible to be offered, sold or
otherwise transferred pursuant to Rule 144 or otherwise if held by a Person that is not an Affiliate of the Company, and that has not been an Affiliate of the Company during the immediately preceding three (3) months, without any requirements
as to volume, manner of sale, availability of current public information or notice under the Securities Act (except that, during the six (6) month period beginning on, and including, the date that is six (6) months after the Last Original
Issue Date of such Note, any such requirement as to the availability of current public information will be disregarded if the same is satisfied at that time); provided, however, that from and after the Free Trade Date of such Note,
such Note will not be “Freely Tradable” unless such Note (x) is not identified by a “restricted” CUSIP or ISIN number; and (y) is not represented by any certificate that bears the Restricted Note Legend. For the
avoidance of doubt, whether a Note is deemed to be identified by a “restricted” CUSIP or ISIN number or to bear the Restricted Note Legend is subject to Section 2.12. 

  

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 “Fundamental Change” means any of the following events: 

(A) a “person” or “group” (within the meaning of Section 13(d)(3) of the Exchange Act), other than the Company, its
Wholly Owned Subsidiaries, or their respective employee benefit plans, has become the direct or indirect “beneficial owner” (as defined below) of shares of the Company’s common equity representing more than fifty percent (50%) of
the voting power of all of the Company’s then-outstanding common equity; 
 (B) the consummation of (i) any sale, lease or other
transfer, in one transaction or a series of transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person; or (ii) any transaction or series of related transactions in connection
with which (whether by means of merger, consolidation, share exchange, combination, reclassification, recapitalization, acquisition, liquidation or otherwise) all of the Common Stock is exchanged for, converted into, acquired for, or constitutes
solely the right to receive, other securities, cash or other property; provided, however, that any merger, consolidation, share exchange or combination of the Company pursuant to which the Persons that directly or indirectly
“beneficially owned” (as defined below) all classes of the Company’s common equity immediately before such transaction directly or indirectly “beneficially own,” immediately after such transaction, more than fifty percent
(50%) of all classes of common equity of the surviving, continuing or acquiring company or other transferee, as applicable, or the parent thereof, in substantially the same proportions vis-à-vis each other as immediately before such
transaction will be deemed not to be a Fundamental Change pursuant to this clause (B); 
 (C) the Company’s stockholders approve
any plan or proposal for the liquidation or dissolution of the Company; or 
 (D) the Common Stock ceases to be listed on any of The New York
Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors); 
 provided, however, that
a transaction or event described in clause (A) or (B) above will not constitute a Fundamental Change if at least ninety percent (90%) of the consideration received or to be received by the holders of Common Stock
(excluding cash payments for fractional shares or pursuant to dissenters rights), in connection with such transaction or event, consists of shares of common stock that are listed (or depositary receipts representing shares of common stock, which
depositary receipts are listed) on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors), or that will be so listed when issued or exchanged in connection with such
transaction or event, and such transaction or event constitutes a Common Stock Change Event whose Reference Property consists of such consideration. 

For the purposes of this definition, (x) any transaction or event described in both clause (A) and in clause (B)(i) or
(ii) above (without regard to the proviso in clause (B)) will be deemed to occur solely pursuant to clause (B) above (subject to such proviso); and (y) whether a Person is a “beneficial owner” and
whether shares are “beneficially owned” and the percentage of “beneficial ownership” will be determined in accordance with Rule 13d-3 under the Exchange Act. 

  

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Table of Contents

 “Fundamental Change Repurchase Date” means the date fixed for the
repurchase of any Notes by the Company pursuant to a Repurchase Upon Fundamental Change. 
 “Fundamental Change Repurchase
Notice” means a notice (including a notice substantially in the form of the “Fundamental Change Repurchase Notice” set forth in Exhibit A) containing the information, or otherwise complying with the requirements, set forth
in Section 4.02(F)(i) and Section 4.02(F)(ii). 
 “Fundamental Change Repurchase Price” means the
cash price payable by the Company to repurchase any Note upon its Repurchase Upon Fundamental Change, calculated pursuant to Section 4.02(D). 

“Global Note” means a Note that is represented by a certificate substantially in the form set forth in Exhibit A,
registered in the name of the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee, and deposited with the Trustee, as custodian for the Depositary. 

“Global Note Legend” means a legend substantially in the form set forth in Exhibit B-2. 

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

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Initial Purchasers” means Cantor Fitzgerald & Co. and UBS Securities LLC. 

“Interest Payment Date” means, with respect to a Note, each May 15 and November 15 of each year, commencing on
May 15, 2019 (or on such other date specified in the certificate representing such Note). For the avoidance of doubt the Maturity Date is an Interest Payment Date. 

“Issue Date” means November 15, 2018. 

“Last Original Issue Date” means (A) with respect to any Notes issued pursuant to the Purchase Agreement (including any
Notes issued pursuant to the exercise of the Shoe Option by the Initial Purchasers), and any Notes issued in exchange therefor or in substitution thereof, the later of (i) the Issue Date and (ii) the last date any Notes are originally
issued pursuant to the exercise of the Shoe Option; and (B) with respect to any Notes issued pursuant to Section 2.03(B), and any Notes issued in exchange therefor or in substitution thereof, either (i) the later of
(x) the date such Notes are originally issued and (y) the last date any Notes are originally issued as part of the same offering pursuant to the exercise of an option granted to the initial purchaser(s) of such Notes to purchase additional
Notes; or (ii) such other date as is specified in an Officer’s Certificate delivered to the Trustee before the original issuance of such Notes. 

  

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 “Last Reported Sale Price” of the Common Stock for any Trading Day means
the closing sale price per share (or, if no closing sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the average last ask
prices per share) of Common Stock on such Trading Day as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is not listed on a U.S.
national or regional securities exchange on such Trading Day, then the Last Reported Sale Price will be the last quoted bid price per share of Common Stock on such Trading Day in the over-the-counter market as reported by OTC Markets Group Inc. or a
similar organization. If the Common Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the average of the mid-point of the last bid price and the last ask price per share of Common Stock on such Trading Day from
each of at least three (3) nationally recognized independent investment banking firms selected by the Company, which may include any of the Initial Purchasers. Neither the Trustee nor the Conversion Agent will have any duty to determine the
Last Reported Sale Price. The Last Reported Sale Price will be determined without reference to extended or after-hours trading. 

“Make-Whole Fundamental Change” means a Fundamental Change (determined after giving effect to the proviso immediately after
clause (D) of the definition thereof, but without regard to the proviso to clause (B)(ii) of the definition thereof). 

“Make-Whole Fundamental Change Conversion Period” means, with respect to a Make-Whole Fundamental Change, the period from,
and including, the effective date of such Make-Whole Fundamental Change to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such Make-Whole Fundamental Change also constitutes a Fundamental Change, to, but
excluding, the related Fundamental Change Repurchase Date). 
 “Market Disruption Event” means, with respect to any date,
the occurrence or existence, during the one-half hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange or other market on which the Common Stock is listed for trading or
trades, of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to
the Common Stock. 
 “Maturity Date” means November 15, 2023. 

“Non-Affiliate Legend” means a legend substantially in the form set forth in Exhibit B-3. 

“Note Agent” means any Registrar, Paying Agent or Conversion Agent. 

“Notes” means the 6.25% Convertible Senior Notes due 2023 issued by the Company pursuant to this Indenture. 

“Observation Period” means, with respect to any Note to be converted, (A) subject to clause (B) below, if
the Conversion Date for such Note occurs before the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date, the forty-five (45) consecutive VWAP Trading Days beginning on, and including, the third (3rd) VWAP
Trading Day 

  

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immediately after such Conversion Date; (B) if such Conversion Date occurs on or after the date the Company has sent a Redemption Notice pursuant to Section 4.03(F) and before
the related Redemption Date, the forty-five (45) consecutive VWAP Trading Days beginning on, and including, the forty-sixth (46th) Scheduled Trading Day immediately before such Redemption Date; and (C) subject to clause
(B) above, if such Conversion Date occurs on or after the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date, the forty-five (45) consecutive VWAP Trading Days beginning on, and including, the
forty-sixth (46th) Scheduled Trading Day immediately before the Maturity Date. 
 “Officer” means the Chief Executive
Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of the Company. 

“Officer’s Certificate” means a certificate that is signed on behalf of the Company by one (1) of its Officers and
that meets the requirements of Section 11.03. 
 “Open of Business” means 9:00 a.m., New York City time. 

“Opinion of Counsel” means an opinion, from legal counsel (including an employee of, or counsel to, the Company or any of its
Subsidiaries) reasonably acceptable to the Trustee, that meets the requirements of Section 11.03, subject to customary qualifications and exclusions. 

“Person” or “person” means any individual, corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a limited liability company, limited partnership or trust will constitute a
separate “person” under this Indenture. 
 “Physical Note” means a Note (other than a Global Note) that is
represented by a certificate substantially in the form set forth in Exhibit A, registered in the name of the Holder of such Note and duly executed by the Company and authenticated by the Trustee. 

“Purchase Agreement” means that certain Purchase Agreement, dated November 8, 2018, between the Company and the Initial
Purchasers as may be amended from time to time. 
 “Redemption” means the repurchase of any Note by the Company pursuant to
Section 4.03. 
 “Redemption Date” means the date fixed for the repurchase of any Notes by the Company pursuant
to a Redemption. 
 “Redemption Notice Date” means, with respect to a Redemption, the date on which the Company sends the
Redemption Notice for such Redemption pursuant to Section 4.03(F). 
 “Redemption Price” means the cash price
payable by the Company to redeem any Note upon its Redemption, calculated pursuant to Section 4.03(E). 

  

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 “Regular Record Date” has the following meaning with respect to an Interest
Payment Date: (A) if such Interest Payment Date occurs on May 15, the immediately preceding May 1; and (B) if such Interest Payment Date occurs on November 15, the immediately preceding November 1. 

“Repurchase Upon Fundamental Change” means the repurchase of any Note by the Company pursuant to Section 4.02.

 “Responsible Officer” means any officer who has direct responsibility for the administration of this Indenture and is
either (A) an officer within the corporate trust department of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of such officers; or
(B) with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of, and familiarity with, the particular subject. 

“Restricted Note Legend” means a legend substantially in the form set forth in Exhibit B-1. 

“Restricted Stock Legend” means, with respect to any Conversion Share, a legend substantially to the effect that the offer
and sale of such Conversion Share have not been registered under the Securities Act and that such Conversion Share cannot be sold or otherwise transferred except pursuant to a transaction that is registered under the Securities Act or that is exempt
from, or not subject to, the registration requirements of the Securities Act. 
 “Rule 144” means Rule 144 under the
Securities Act (or any successor rule thereto), as the same may be amended from time to time. 
 “Rule 144A” means Rule
144A under the Securities Act (or any successor rule thereto), as the same may be amended from time to time. 
 “Scheduled Trading
Day” means any day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional
securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “Scheduled Trading day” means a Business Day. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Security” means any Note or Conversion Share. 

“Settlement Method” means Cash Settlement, Physical Settlement or Combination Settlement. 

  

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 “Shoe Option” means the Initial Purchasers’ option to purchase up to
forty million dollars ($40,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement. 

“Significant Subsidiary” means, with respect to any Person, any Subsidiary of such Person that constitutes, or any group of
Subsidiaries of such Person that, in the aggregate, would constitute, a “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X under the Exchange Act) of such Person. 

“Special Interest” means any interest that accrues on any Note pursuant to Section 7.03. 

“Specified Dollar Amount” means, with respect to the conversion of a Note to which Combination Settlement applies, the
maximum cash amount per $1,000 principal amount of such Note deliverable upon such conversion (excluding cash in lieu of any fractional share of Common Stock). 

“Stock Price” has the following meaning for any Make-Whole Fundamental Change: (A) if the holders of Common Stock
receive only cash in consideration for their shares of Common Stock in such Make-Whole Fundamental Change and such Make-Whole Fundamental Change is pursuant to clause (B) of the definition of “Fundamental Change,” then the
Stock Price is the amount of cash paid per share of Common Stock in such Make-Whole Fundamental Change; and (B) in all other cases, the Stock Price is the average of the Last Reported Sale Prices per share of Common Stock for the five
(5) consecutive Trading Days ending on, and including, the Trading Day immediately before the effective date of such Make-Whole Fundamental Change. 

“Subsidiary” means, with respect to any Person, (A) any corporation, association or other business entity (other than a
partnership or limited liability company) of which more than fifty percent (50%) of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency, but after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity is owned or controlled, directly or
indirectly, by such Person or one or more of the other Subsidiaries of such Person; and (B) any partnership or limited liability company where (i) more than fifty percent (50%) of the capital accounts, distribution rights, equity and
voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such
Person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (ii) such Person or any one or more of the other Subsidiaries of such Person is a controlling general
partner of, or otherwise controls, such partnership or limited liability company. 
 “Trading Day” means any day on which
(A) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities
exchange, on the principal other market on which the Common Stock is then traded; and (B) there is no Market Disruption Event. If the Common Stock is not so listed or traded, then “Trading Day” means a Business Day. 

  

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 “Trading Price” of the Notes on any Trading Day means the average of the
secondary market bid quotations, expressed as a cash amount per $1,000 principal amount of Notes, obtained by the Bid Solicitation Agent for one million dollars ($1,000,000) (or such lesser amount as may then be outstanding) in principal amount of
Notes at approximately 3:30 p.m., New York City time, on such Trading Day from three (3) nationally recognized independent securities dealers selected by the Company, which may include any of the Initial Purchasers; provided,
however, that, if three (3) such bids cannot reasonably be obtained by the Bid Solicitation Agent but two (2) such bids are obtained, then the average of the two (2) bids will be used, and if only one (1) such bid can
reasonably be obtained by the Bid Solicitation Agent, then that one (1) bid will be used. If, on any Trading Day, (A) the Bid Solicitation Agent cannot reasonably obtain at least one (1) bid for one million dollars ($1,000,000) (or
such lesser amount as may then be outstanding) in principal amount of Notes from a nationally recognized independent securities dealer; (B) the Company is not acting as the Bid Solicitation Agent and the Company fails to instruct the Bid
Solicitation Agent to obtain bids when required; or (C) the Bid Solicitation Agent fails to solicit bids when required, then, in each case, the Trading Price per $1,000 principal amount of Notes on such Trading Day will be deemed to be less
than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day. 

“Transfer-Restricted Security” means any Security that constitutes a “restricted security” (as defined in Rule
144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events: 

(A) such Security is sold or otherwise transferred to a Person (other than the Company or an Affiliate of the Company) pursuant to a
registration statement that was effective under the Securities Act at the time of such sale or transfer; 
 (B) such Security is sold or
otherwise transferred to a Person (other than the Company or an Affiliate of the Company) pursuant to an available exemption (including Rule 144) from the registration and prospectus-delivery requirements of, or in a transaction not subject to, the
Securities Act and, immediately after such sale or transfer, such Security ceases to constitute a “restricted security” (as defined in Rule 144); and 

(C) such Security is eligible for resale, by a Person that is not an Affiliate of the Company and that has not been an Affiliate of the Company
during the immediately preceding three (3) month period, pursuant to Rule 144 without any limitations thereunder as to volume and manner of sale. 

The Trustee is under no obligation to determine whether any Security is a Transfer-Restricted Security and may conclusively rely on an
Officer’s Certificate with respect thereto. 
 “Trust Indenture Act” means the U.S. Trust Indenture Act of 1939, as
amended. 
 “Trustee” means the Person named as such in the first paragraph of this Indenture until a successor replaces it
in accordance with the provisions of this Indenture and, thereafter, means such successor. 

  

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 “VWAP Market Disruption Event” means, with respect to any date,
(A) the failure by the principal 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, the principal other market
on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on
trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or
exists at any time before 1:00 p.m., New York City time, on such date. 
 “VWAP Trading Day” means a day on which
(A) there is no VWAP Market Disruption Event; and (B) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then
listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day. 

“Wholly Owned Subsidiary” of a Person means any Subsidiary of such Person, all of the outstanding Capital Stock or other
ownership interests of which (other than directors’ qualifying shares) are owned by such Person or one or more Wholly Owned Subsidiaries of such Person. 

Section 1.02. OTHER DEFINITIONS. 

 

					
	 Term
	  	Defined in
Section	 
	 “Additional Shares”
	  	 	5.07(A)	 
	 “Business Combination Event”
	  	 	6.01(A)	 
	 “Cash Settlement”
	  	 	5.03(A)	 
	 “Combination Settlement”
	  	 	5.03(A)	 
	 “Common Stock Change Event”
	  	 	5.09(A)	 
	 “Conversion Agent”
	  	 	2.06(A)	 
	 “Conversion Consideration”
	  	 	5.03(B)	 
	 “Default Interest”
	  	 	2.05(B)	 
	 “Defaulted Amount”
	  	 	2.05(B)	 
	 “Event of Default”
	  	 	7.01(A)	 
	 “Expiration Date”
	  	 	5.05(A)(v)	 
	 “Expiration Time”
	  	 	5.05(A)(v)	 
	 “Fundamental Change Notice”
	  	 	4.02(E)	 
	 “Fundamental Change Repurchase Right”
	  	 	4.02(A)	 
	 “Initial Notes”
	  	 	2.03(A)	 
	 “Measurement Period”
	  	 	5.01(C)(i)(2)	 
	 “Paying Agent”
	  	 	2.06(A)	 
	 “Physical Settlement”
	  	 	5.03(A)	 

  

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	 “Redemption Notice”
	  	 	4.03(F)	 
	 “Reference Property”
	  	 	5.09(A)	 
	 “Reference Property Unit”
	  	 	5.09(A)	 
	 “Register”
	  	 	2.06(B)	 
	 “Registrar”
	  	 	2.06(A)	 
	 “Reporting Event of Default”
	  	 	7.03(A)	 
	 “Specified Courts”
	  	 	11.07	 
	 “Spin-Off”
	  	 	5.05(A)(iii)(2)	 
	 “Spin-Off Valuation Period”
	  	 	5.05(A)(iii)(2)	 
	 “Stated Interest”
	  	 	2.05(A)	 
	 “Successor Corporation”
	  	 	6.01(A)	 
	 “Successor Person”
	  	 	5.09(A)	 
	 “Tender/Exchange Offer Valuation Period”
	  	 	5.05(A)(v)	 
	 “Trading Price Condition”
	  	 	5.01(C)(i)(2)	 

 Section 1.03. RULES OF CONSTRUCTION.

 For purposes of this Indenture: 

(A) “or” is not exclusive; 

(B) “including” means “including without limitation”; 

(C) “will” expresses a command; 

(D) the “average” of a set of numerical values refers to the arithmetic average of such numerical values; 

(E) a merger involving, or a transfer of assets by, a limited liability company, limited partnership or trust will be deemed to include any
division of or by, or an allocation of assets to a series of, such limited liability company, limited partnership or trust, or any unwinding of any such division or allocation; 

(F) words in the singular include the plural and in the plural include the singular, unless the context requires otherwise; 

(G) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision of this Indenture, unless the context requires otherwise; 
 (H) references to currency mean the lawful
currency of the United States of America, unless the context requires otherwise; 
 (I) the exhibits, schedules and other attachments to this
Indenture are deemed to form part of this Indenture; and 
 (J) the term “interest,” when used with respect to a Note,
includes any Additional Interest and Special Interest, unless the context requires otherwise. 

  

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 Article 2. THE NOTES 

Section 2.01. FORM, DATING AND DENOMINATIONS. 

The Notes and the Trustee’s certificate of authentication will be substantially in the form set forth in Exhibit A. The Notes will
bear the legends required by Section 2.09 and may bear notations, legends or endorsements required by law, stock exchange rule or usage or the Depositary. Each Note will be dated as of the date of its authentication. 

Except to the extent otherwise provided in a Company Order delivered to the Trustee in connection with the issuance and authentication
thereof, the Notes will be issued initially in the form of one or more Global Notes. Global Notes may be exchanged for Physical Notes, and Physical Notes may be exchanged for Global Notes, only as provided in Section 2.10. 

The Notes will be issuable only in registered form without interest coupons and only in Authorized Denominations. 

Each certificate representing a Note will bear a unique registration number that is not affixed to any other certificate representing another
outstanding Note. 
 The terms contained in the Notes constitute part of this Indenture, and, to the extent applicable, the Company and the
Trustee, by their execution and delivery of this Indenture, agree to such terms and to be bound thereby; provided, however, that, to the extent that any provision of any Note conflicts with the provisions of this Indenture, the
provisions of this Indenture will control for purposes of this Indenture and such Note. 
 Section 2.02.
EXECUTION, AUTHENTICATION AND DELIVERY. 
 (A) Due Execution by the
Company. At least one (1) duly authorized Officer will sign the Notes on behalf of the Company by manual or facsimile signature. A Note’s validity will not be affected by the failure of any Officer whose signature is on any Note to
hold, at the time such Note is authenticated, the same or any other office at the Company. 
 (B) Authentication by the Trustee
and Delivery. 
 (i) No Note will be valid until it is authenticated by the Trustee. A Note will be deemed to be duly
authenticated only when an authorized signatory of the Trustee (or a duly appointed authenticating agent) manually signs the certificate of authentication of such Note. 

(ii) The Trustee will cause an authorized signatory of the Trustee (or a duly appointed authenticating agent) to manually sign
the certificate of authentication of a Note only if (1) the Company delivers such Note to the Trustee; (2) such Note is executed by the Company in accordance with Section 2.02(A); and (3) the Company delivers a Company
Order to the Trustee that (a) requests the Trustee to authenticate such Note; and (b) sets forth the name of the Holder of such Note and the date as of which such Note is to be authenticated. If such Company Order also requests the Trustee
to deliver such Note to any Holder or to the Depositary, then the Trustee will promptly deliver such Note in accordance with such Company Order. 

  

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 (iii) The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Notes. A duly appointed authenticating agent may authenticate Notes whenever the Trustee may do so under this Indenture, and a Note authenticated as provided in this Indenture by such an agent will be deemed, for purposes of
this Indenture, to be authenticated by the Trustee. Each duly appointed authenticating agent will have the same rights to deal with the Company as the Trustee would have if it were performing the duties that the authentication agent was validly
appointed to undertake. 
 Section 2.03. INITIAL NOTES AND
ADDITIONAL NOTES. 
 (A) Initial Notes. On the Issue Date, there will be
originally issued two hundred and ten million dollars ($210,000,000) aggregate principal amount of Notes, subject to the provisions of this Indenture (including Section 2.02). If the Initial Purchasers exercise the Shoe Option, then
there will be originally issued up to an additional $40,000,000 principal amount of Notes pursuant to such exercise, subject to the provisions of this Indenture (including Section 2.02). Notes issued pursuant to this
Section 2.03(A), and any Notes issued in exchange therefor or in substitution thereof, are referred to in this Indenture as the “Initial Notes.” 

(B) Additional Notes. The Company may, subject to the provisions of this Indenture (including
Section 2.02), originally issue additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the date as of which interest begins to accrue on such additional Notes and the first Interest
Payment Date and the Last Original Issue Date of such additional Notes) in an unlimited aggregate principal amount, which additional Notes will, subject to the foregoing, be considered to be part of the same series of, and rank equally and ratably
with all other, Notes issued under this Indenture; provided, however, that if any such additional Notes are not fungible with other Notes issued under this Indenture for federal income tax or federal
securities laws purposes, then such additional Notes will be identified by a separate CUSIP number. 

Section 2.04. METHOD OF PAYMENT. 

(A) Global Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on the
Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash Conversion Consideration for, any Global Note to the Depositary by wire transfer of immediately
available funds no later than the time the same is due as provided in this Indenture. 
 (B) Physical Notes. The
Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash
Conversion Consideration for, any Physical Note no later than the time the same is due as provided in this Indenture as follows: (i) if the principal amount of such Physical Note is at least five million dollars ($5,000,000) (or such lower
amount as the Company may choose in its sole and absolute discretion) and the Holder of such Physical Note entitled to such payment has delivered to the  

  

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Paying Agent or the Trustee, no later than the time set forth in the immediately following sentence, a written request that the Company make such payment by wire transfer to an account of such
Holder within the United States, by wire transfer of immediately available funds to such account; and (ii) in all other cases, by check mailed to the address of the Holder of such Physical Note entitled to such payment as set forth in the
Register. To be timely, such written request must be so delivered no later than the Close of Business on the following date: (x) with respect to the payment of any interest due on an Interest Payment Date, the date immediately preceding the
related Regular Record Date; (y) with respect to any cash Conversion Consideration, the relevant Conversion Date; and (z) with respect to any other payment, the date that is fifteen (15) calendar days immediately before the date such
payment is due. With respect to physical certificates, if any, presentation is due at maturity. If not presented, the Paying Agent will escheat the funds in accordance with applicable law. 

Section 2.05. ACCRUAL OF INTEREST; DEFAULTED
AMOUNTS; WHEN PAYMENT DATE IS NOT A BUSINESS DAY. 

(A) Accrual of Interest. Each Note will accrue interest at a rate per annum equal to 6.25% (the “Stated
Interest”), plus any Additional Interest and Special Interest that may accrue pursuant to Sections 3.04 and 7.03, respectively. Stated Interest on each Note will (i) accrue from, and including, the most recent date to
which Stated Interest has been paid or duly provided for (or, if no Stated Interest has theretofore been paid or duly provided for, the date set forth in the certificate representing such Note as the date from, and including, which Stated Interest
will begin to accrue in such circumstance) to, but excluding, the date of payment of such Stated Interest; and (ii) be, subject to Sections 4.02(D), 4.03(E) and 5.02(D) (but without duplication of any payment of interest),
payable semi-annually in arrears on each Interest Payment Date, beginning on the first Interest Payment Date set forth in the certificate representing such Note, to the Holder of such Note as of the Close of Business on the immediately preceding
Regular Record Date (whether or not a Business Day). Stated Interest, and, if applicable, Additional Interest and Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(B) Defaulted Amounts. If the Company fails to pay any amount (a “Defaulted Amount”) payable on a Note on or before
the due date therefor as provided in this Indenture, then, regardless of whether such failure constitutes an Event of Default, (i) such Defaulted Amount will forthwith cease to be payable to the Holder of such Note otherwise entitled to such
payment; (ii) to the extent lawful, interest (“Default Interest”) will accrue on such Defaulted Amount at a rate per annum equal to the rate per annum at which Stated Interest accrues, from, and including, such due date to, but
excluding, the date of payment of such Defaulted Amount and Default Interest; (iii) such Defaulted Amount and Default Interest will be paid on a payment date selected by the Company to the Holder of such Note as of the Close of Business on a
special record date selected by the Company, provided that such special record date must be no more than fifteen (15), nor less than ten (10), calendar days before such payment date; and (iv) at least fifteen (15) calendar days
before such special record date, the Company will send notice to the Trustee and the Holders that states such special record date, such payment date and the amount of such Defaulted Amount and Default Interest to be paid on such payment date. 

  

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 (C) Delay of Payment when Payment Date is Not a Business Day. If the due date
for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will
accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the corporate trust office of the Trustee (or, if the Trustee is not acting as the Paying Agent, the applicable place
of payment) is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.” 
 
Section 2.06. REGISTRAR, PAYING AGENT AND CONVERSION AGENT. 

(A) Generally. The Company will maintain (i) an office or agency in the continental United States where Notes
may be presented for registration of transfer or for exchange (the “Registrar”); (ii) an office or agency in the continental United States where Notes may be presented for payment (the “Paying Agent”); and
(iii) an office or agency in the continental United States where Notes may be presented for conversion (the “Conversion Agent”). If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, then the Trustee
will act as such. For the avoidance of doubt, the Company or any of its Subsidiaries may act as Registrar, Paying Agent or Conversion Agent. 

(B) Duties of the Registrar. The Registrar will keep a record (the “Register”) of the names and
addresses of the Holders, the Notes held by each Holder and the transfer, exchange, repurchase, Redemption and conversion of Notes. Absent manifest error, the entries in the Register will be conclusive and the Company and the Trustee may treat each
Person whose name is recorded as a Holder in the Register as a Holder for all purposes. The Register will be in written form or in any form capable of being converted into written form reasonably promptly. 

(C) Co-Agents; Company’s Right to Appoint Successor Registrars, Paying Agents and Conversion Agents. The Company may appoint one
or more co-Registrars, co-Paying Agents or co-Conversion Agents, each of whom will be deemed to be a Registrar, Paying Agent or Conversion Agent, as applicable, under this Indenture. Subject to Section 2.06(A), the Company may change any
Registrar, Paying Agent or Conversion Agent (including appointing itself or any of its Subsidiaries to act in such capacity) without notice to any Holder. The Company will notify the Trustee (and, upon request, any Holder) of the name and address of
each Note Agent, if any, not a party to this Indenture and will enter into an appropriate agency agreement with each such Note Agent, which agreement will implement the provisions of this Indenture that relate to such Note Agent. 

(D) Initial Appointments. The Company appoints the Trustee as the initial Paying Agent, the initial Registrar and the initial
Conversion Agent and the Trustee’s office in the United States as the place where Notes may be presented for payment. 
 
Section 2.07. PAYING AGENT AND CONVERSION AGENT TO HOLD PROPERTY IN TRUST. 

The Company will require each Paying Agent or Conversion Agent that is not the Trustee to agree in writing that such Note Agent will
(A) hold in trust for the benefit of Holders or the Trustee all money and other property held by such Note Agent for payment or delivery due on the Notes; and (B) notify the Trustee of any default by the Company in making any such payment
or delivery. The Company, at any time, may, and the Trustee, while any Default continues, may, 

  

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require a Paying Agent or Conversion Agent to pay or deliver, as applicable, all money and other property held by it to the Trustee, after which payment or delivery, as applicable, such Note
Agent (if not the Company or any of its Subsidiaries) will have no further liability for such money or property. If the Company or any of its Subsidiaries acts as Paying Agent or Conversion Agent, then (A) it will segregate and hold in a
separate trust fund for the benefit of the Holders or the Trustee all money and other property held by it as Paying Agent or Conversion Agent; and (B) references in this Indenture or the Notes to the Paying Agent or Conversion Agent holding
cash or other property, or to the delivery of cash or other property to the Paying Agent or Conversion Agent, in each case for payment or delivery to any Holders or the Trustee or with respect to the Notes, will be deemed to refer to cash or other
property so segregated and held separately, or to the segregation and separate holding of such cash or other property, respectively. Upon the occurrence of any event pursuant to in clause (ix) or (x) of Section 7.01(A)
with respect to the Company (or with respect to any Subsidiary of the Company acting as Paying Agent or Conversion Agent), the Trustee will serve as the Paying Agent or Conversion Agent, as applicable, for the Notes. 

Section 2.08. HOLDER LISTS. 

If the Trustee is not the Registrar, the Company will furnish to the Trustee, no later than seven (7) Business Days before each Interest
Payment Date, and at such other times as the Trustee may request, a list, in such form and as of such date or time as the Trustee may reasonably require, of the names and addresses of the Holders. 

Section 2.09. LEGENDS. 

(A) Global Note Legend. Each Global Note will bear the Global Note Legend (or any similar legend, not inconsistent with this
Indenture, required by the Depositary for such Global Note). 
 (B) Non-Affiliate Legend. Each Note will bear the Non-Affiliate
Legend. 
 (C) Restricted Note Legend. Subject to Section 2.12, 

(i) each Note that is a Transfer-Restricted Security will bear the Restricted Note Legend; and 

(ii) if a Note is issued in exchange for, in substitution of, or to effect a partial conversion of, another Note (such other
Note being referred to as the “old Note” for purposes of this Section 2.09(C)(ii)), including pursuant to Section 2.10(B), 2.10(C), 2.11 or 2.13, such Note will bear the Restricted Note Legend
if such old Note bore the Restricted Note Legend at the time of such exchange or substitution, or on the related Conversion Date with respect to such conversion, as applicable; provided, however, that such Note need not bear the
Restricted Note Legend if such Note does not constitute a Transfer-Restricted Security immediately after such exchange or substitution, or as of such Conversion Date, as applicable. 

  

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 (D) Other Legends. A Note may bear any other legend or text, not inconsistent
with this Indenture, as may be required by applicable law or by any securities exchange or automated quotation system on which such Note is traded or quoted. 

(E) Acknowledgement and Agreement by the Holders. A Holder’s acceptance of any Note bearing any legend
required by this Section 2.09 will constitute such Holder’s acknowledgement of, and agreement to comply with, the restrictions set forth in such legend. 

(F) Restricted Stock Legend. 

(i) Each Conversion Share will bear the Restricted Stock Legend if the Note upon the conversion of which such Conversion Share
was issued was (or would have been had it not been converted) a Transfer-Restricted Security at the time such Conversion Share was issued; provided, however, that such Conversion Share need not bear the Restricted Stock Legend if the
Company determines, in its reasonable discretion, that such Conversion Share need not bear the Restricted Stock Legend. 

(ii) Notwithstanding anything to the contrary in this Section 2.09(F), a Conversion Share need not bear a
Restricted Stock Legend if such Conversion Share is issued in an uncertificated form that does not permit affixing legends thereto, provided the Company takes measures (including the assignment thereto of a “restricted” CUSIP
number) that it reasonably deems appropriate to enforce the transfer restrictions referred to in the Restricted Stock Legend. 
 
Section 2.10. TRANSFERS AND EXCHANGES; CERTAIN TRANSFER RESTRICTIONS. 

(A) Provisions Applicable to All Transfers and Exchanges. 

(i) Subject to this Section 2.10, Physical Notes and beneficial interests in Global Notes may be transferred or
exchanged from time to time and the Registrar will record each such transfer or exchange in the Register. 
 (ii) Each Note
issued upon transfer or exchange of any other Note (such other Note being referred to as the “old Note” for purposes of this Section 2.10(A)(ii)) or portion thereof in accordance with this Indenture will be the valid obligation
of the Company, evidencing the same indebtedness, and entitled to the same benefits under this Indenture, as such old Note or portion thereof, as applicable. 

(iii) The Company, the Trustee and the Note Agents will not impose any service charge on any Holder for any transfer, exchange
or conversion of Notes, but the Company, the Trustee, the Registrar and the Conversion Agent may require payment of a sum sufficient to cover any transfer tax or similar governmental charge that may be imposed in connection with any transfer,
exchange or conversion of Notes, other than exchanges pursuant to Sections 2.11, 2.17 or 8.05 not involving any transfer. 

(iv) Notwithstanding anything to the contrary in this Indenture or the Notes, a Note may not be transferred or exchanged in
part unless the portion to be so transferred or exchanged is in an Authorized Denomination. 

  

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 (v) The Trustee will have no obligation or duty to monitor, determine or
inquire as to compliance with any transfer restrictions imposed under this Indenture or applicable law with respect to any Security, other than to require the delivery of such certificates or other documentation or evidence as expressly required by
this Indenture and to examine the same to determine substantial compliance as to form with the requirements of this Indenture. 

(vi) Each Note issued upon transfer of, or in exchange for, another Note will bear each legend, if any, required by Section
2.09. 
 (vii) Upon satisfaction of the requirements of this Indenture to effect a transfer or exchange of any Note, the
Company will cause such transfer or exchange to be effected as soon as reasonably practicable but in no event later than the second (2nd) Business Day after the date of such satisfaction. 

(viii) For the avoidance of doubt, and subject to the terms of this Indenture, as used in this Section 2.10, an
“exchange” of a Global Note or a Physical Note includes (x) an exchange effected for the sole purpose of removing any Restricted Note Legend affixed to such Global Note or Physical Note; and (y) if such Global Note or a Physical
Note is identified by a “restricted” CUSIP number, an exchange effected for the sole purpose of causing such Global Note or a Physical Note to be identified by an “unrestricted” CUSIP number. 

(B) Transfers and Exchanges of Global Notes. 

(i) Subject to the immediately following sentence, no Global Note may be transferred or exchanged in whole except (x) by
the Depositary to a nominee of the Depositary; (y) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary; or (z) by the Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary. No Global Note (or any portion thereof) may be transferred to, or exchanged for, a Physical Note; provided, however, that a Global Note will be exchanged, pursuant to customary procedures, for one or more Physical
Notes if: 
 (1)(x) the Depositary notifies the Company or the Trustee that the Depositary is unwilling or unable to continue
as depositary for such Global Note or (y) the Depositary ceases to be a “clearing agency” registered under Section 17A of the Exchange Act and, in each case, the Company fails to appoint a successor Depositary within ninety
(90) days of such notice or cessation; 
 (2) an Event of Default has occurred and is continuing and the Company, the
Trustee or the Registrar has received a written request from the Depositary, or from a holder of a beneficial interest in such Global Note, to exchange such Global Note or beneficial interest, as applicable, for one or more Physical Notes; or 

(3) the Company, in its sole discretion, permits the exchange of any beneficial interest in such Global Note for one or more
Physical Notes at the request of the owner of such beneficial interest. 

  

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 (ii) Upon satisfaction of the requirements of this Indenture to effect a
transfer or exchange of any Global Note (or any portion thereof): 
 (1) the Trustee will reflect any resulting decrease of
the principal amount of such Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if such notation results in such Global Note having a principal amount of zero, the
Company may (but is not required to) instruct the Trustee to cancel such Global Note pursuant to Section 2.15); 
 (2)
if required to effect such transfer or exchange, then the Trustee will reflect any resulting increase of the principal amount of any other Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part
of such other Global Note or in accordance with its customary procedures; 
 (3) if required to effect such transfer or
exchange, then the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, a new Global Note bearing each legend, if any, required by Section 2.09; and 

(4) if such Global Note (or such portion thereof), or any beneficial interest therein, is to be exchanged for one or more
Physical Notes, then the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that are in Authorized Denominations (not to exceed, in the
aggregate, the principal amount of such Global Note to be so exchanged), are registered in such name(s) as the Depositary specifies (or as otherwise determined pursuant to customary procedures) and bear each legend, if any, required by Section
2.09. 
 (iii) Each transfer or exchange of a beneficial interest in any Global Note will be made in accordance with the
Depositary Procedures. 
 (C) Transfers and Exchanges of Physical Notes. 

(i) Subject to this Section 2.10, a Holder of a Physical Note may (x) transfer such Physical Note (or any
portion thereof in an Authorized Denomination) to one or more other Person(s); (y) exchange such Physical Note (or any portion thereof in an Authorized Denomination) for one or more other Physical Notes in Authorized Denominations having an
aggregate principal amount equal to the aggregate principal amount of the Physical Note (or portion thereof) to be so exchanged; and (z) if then permitted by the Depositary Procedures, transfer such Physical Note (or any portion thereof in an
Authorized Denomination) in exchange for a beneficial interest in one or more Global Notes; provided, however, that, to effect any such transfer or exchange, such Holder must: 

(1) surrender such Physical Note to be transferred or exchanged to the office of the Registrar, together with any appropriate
endorsements or transfer instruments reasonably required by the Company, the Trustee or the Registrar; and 

  

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 (2) deliver such certificates, documentation or evidence as may be required
pursuant to Section 2.10(D). 
 (ii) Upon the satisfaction of the requirements of this Indenture to effect a transfer
or exchange of any Physical Note (such Physical Note being referred to as the “old Physical Note” for purposes of this Section 2.10(C)(ii)) of a Holder (or any portion of such old Physical Note in an Authorized Denomination):

 (1) such old Physical Note will be promptly cancelled pursuant to Section 2.15; 

(2) if such old Physical Note is to be transferred or exchanged only in part, then the Company will issue, execute and deliver,
and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such old
Physical Note not to be transferred or exchanged; (y) are registered in the name of such Holder; and (z) bear each legend, if any, required by Section 2.09; 

(3) in the case of a transfer: 

(a) to the Depositary or a nominee thereof that will hold its interest in such old Physical Note (or such portion thereof) to
be so transferred in the form of one or more Global Notes, the Trustee will reflect an increase of the principal amount of one or more existing Global Notes by notation on the “Schedule of Exchanges of Interests in the Global Note” forming
part of such Global Note(s) or in accordance with its customary procedures, which increase(s) are in Authorized Denominations and aggregate to the principal amount to be so transferred, and which Global Note(s) bear each legend, if any, required by
Section 2.09; provided, however, that if such transfer cannot be so effected by notation on one or more existing Global Notes (whether because no Global Notes bearing each legend, if any, required by
Section 2.09 then exist, because any such increase will result in any Global Note having an aggregate principal amount exceeding the maximum aggregate principal amount permitted by the Depositary or otherwise), then the Company will
issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Global Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the
principal amount to be so transferred; and (y) bear each legend, if any, required by Section 2.09; and 

(b) to a transferee that will hold its interest in such old Physical Note (or such portion thereof) to be so transferred in
the form of one or more Physical Notes, the Company will issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized
Denominations and have an aggregate principal amount equal to the principal amount to be so transferred; (y) are registered in the name of such transferee; and (z) bear each legend, if any, required by Section 2.09; and 

  

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 (4) in the case of an exchange, the Company will issue, execute and deliver,
and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount to be so
exchanged; (y) are registered in the name of the Person to whom such old Physical Note was registered; and (z) bear each legend, if any, required by Section 2.09. 

(D) Requirement to Deliver Documentation and Other Evidence. If a Holder of any Note that is identified by a “restricted”
CUSIP number or that bears a Restricted Note Legend or is a Transfer-Restricted Security requests to: 
 (i) cause such Note
to be identified by an “unrestricted” CUSIP number; 
 (ii) remove such Restricted Note Legend; or 

(iii) register the transfer of such Note to the name of another Person, 

then the Company, the Trustee and the Registrar may refuse to effect such identification, removal or transfer, as applicable, unless there is delivered to the
Company, the Trustee and the Registrar such certificates or acknowledgment forms which are attached to the Note or other documentation and any other evidence as the Company, the Trustee and the Registrar may reasonably require to determine that such
identification, removal or transfer, as applicable, complies with the Securities Act and other applicable securities laws; provided, however, that no such certificates, documentation or evidence need be so delivered on and after the
Free Trade Date with respect to such Note unless the Company determines, in its reasonable discretion, that such Note is not eligible to be offered, sold or otherwise transferred pursuant to Rule 144 or otherwise without any requirements as to
volume, manner of sale, availability of current public information or notice under the Securities Act. 
 (E) Transfers of Notes Subject
to Redemption, Repurchase or Conversion. Notwithstanding anything to the contrary in this Indenture or the Notes, the Company, the Trustee and the Registrar will not be required to register the transfer of or exchange any Note that (i) has
been surrendered for conversion, except to the extent that any portion of such Note is not subject to conversion; (ii) is subject to a Fundamental Change Repurchase Notice validly delivered, and not withdrawn, pursuant to
Section 4.02(F), except to the extent that any portion of such Note is not subject to such notice or the Company fails to pay the applicable Fundamental Change Repurchase Price when due; or (iii) has been selected for Redemption
pursuant to a Redemption Notice, except to the extent that the Company fails to pay the applicable Redemption Price when due. 

  

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 Section 2.11. EXCHANGE AND
CANCELLATION OF NOTES TO BE CONVERTED, REDEEMED OR REPURCHASED. 

(A) Partial Conversions and Repurchases of Physical Notes. If only a portion of a Physical Note of a Holder is to
be converted pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change, then, as soon as reasonably practicable after such Physical Note is surrendered for such conversion or repurchase, the Company will cause such
Physical Note to be exchanged, pursuant and subject to Section 2.10(C), for (i) one or more Physical Notes that are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Physical
Note that is not to be so converted or repurchased, as applicable, and deliver such Physical Note(s) to such Holder; and (ii) a Physical Note having a principal amount equal to the principal amount to be so converted or repurchased, as
applicable, which Physical Note will be converted or repurchased, as applicable, pursuant to the terms of this Indenture; provided, however, that the Physical Note referred to in this clause (ii) need
not be issued at any time after which such principal amount subject to such conversion or repurchase, as applicable, is deemed to cease to be outstanding pursuant to Section 2.18. 

(B) Cancellation of Converted, Redeemed and Repurchased Notes. 

(i) Physical Notes. If a Physical Note (or any portion thereof that has not theretofore been exchanged pursuant to
Section 2.11(A)) of a Holder is to be converted pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the later of the time such Physical Note (or such portion)
is deemed to cease to be outstanding pursuant to Section 2.18 and the time such Physical Note is surrendered for such conversion or repurchase, as applicable, (1) such Physical Note will be cancelled pursuant to
Section 2.15; and (2) in the case of a partial conversion or repurchase, the Company will issue, execute and deliver to such Holder, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or
more Physical Notes that (x) are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Physical Note that is not to be so converted or repurchased; (y) are registered in the name of such
Holder; and (z) bear each legend, if any, required by Section 2.09. 
 (ii) Global Notes. If a Global Note
(or any portion thereof) is to be converted pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the time such Note (or such portion) is deemed to cease to be outstanding
pursuant to Section 2.18, the Trustee will reflect a decrease of the principal amount of such Global Note in an amount equal to the principal amount of such Global Note to be so converted, redeemed or repurchased, as applicable, by
notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if the principal amount of such Global Note is zero following such notation, cancel such Global Note pursuant to Section
2.15). 
 Section 2.12. REMOVAL OF TRANSFER
RESTRICTIONS. 
 Without limiting the generality of any other provision of this Indenture (including
Section 3.04), the Restricted Note Legend affixed to any Note will be deemed, pursuant to this Section 2.12 and the footnote to such Restricted Note Legend, to be removed therefrom upon the Company’s delivery to the
Trustee of notice, signed on behalf of the Company by one (1) of its Officers, to such effect (and, for the avoidance of doubt, such notice need not be accompanied by an Officer’s Certificate or an Opinion of Counsel in order to be
effective to cause such Restricted 

  

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Note Legend to be deemed to be removed from such Note). If such Note bears a “restricted” CUSIP or ISIN number at the time of such delivery, then, upon such delivery, such Note will be
deemed, pursuant to this Section 2.12 and the footnotes to the CUSIP and ISIN numbers set forth on the face of the certificate representing such Note, to thereafter bear the “unrestricted” CUSIP and ISIN numbers identified in
such footnotes; provided, however, that if such Note is a Global Note and the Depositary thereof requires a mandatory exchange or other procedure to cause such Global Note to be identified by “unrestricted” CUSIP and ISIN
numbers in the facilities of such Depositary, then (i) the Company will effect such exchange or procedure as soon as reasonably practicable; and (ii) for purposes of Section 3.04 and the definition of Freely Tradable, such
Global Note will not be deemed to be identified by “unrestricted” CUSIP and ISIN numbers until such time as such exchange or procedure is effected. 

Section 2.13. REPLACEMENT NOTES. 

If a Holder of any Note claims that such Note has been mutilated, lost, destroyed or wrongfully taken, then the Company will issue, execute and
deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, a replacement Note upon surrender to the Trustee of such mutilated Note, or upon delivery to the Trustee of evidence of such loss, destruction or
wrongful taking reasonably satisfactory to the Trustee and the Company. In the case of a lost, destroyed or wrongfully taken Note, the Company and the Trustee will require the Holder thereof to provide such security or indemnity that is reasonably
satisfactory to the Company and the Trustee to protect the Company and the Trustee from any loss that any of them may suffer if such Note is replaced. 

Every replacement Note issued pursuant to this Section 2.13 will be an additional obligation of the Company and will be entitled
to all of the benefits of this Indenture equally and ratably with all other Notes issued under this Indenture. 

Section 2.14. REGISTERED HOLDERS; CERTAIN RIGHTS
WITH RESPECT TO GLOBAL NOTES. 
 Only the Holder of a Note
will have rights under this Indenture as the owner of such Note. Without limiting the generality of the foregoing, Depositary Participants will have no rights as such under this Indenture with respect to any Global Note held on their behalf by the
Depositary or its nominee, or by the Trustee as its custodian, and the Company, the Trustee and the Note Agents, and their respective agents, may treat the Depositary as the absolute owner of such Global Note for all purposes whatsoever;
provided, however, that (A) the Holder of any Global Note may grant proxies and otherwise authorize any Person, including Depositary Participants and Persons that hold interests in Notes through Depositary Participants, to take
any action that such Holder is entitled to take with respect to such Global Note under this Indenture or the Notes; and (B) the Company and the Trustee, and their respective agents, may give effect to any written certification, proxy or other
authorization furnished by the Depositary. 
 Section 2.15. CANCELLATION. 

Without limiting the generality of Section 3.08, the Company may at any time deliver Notes to the Trustee for cancellation. The
Registrar, the Paying Agent and the Conversion Agent will forward to the Trustee each Note duly surrendered to them for transfer, exchange, payment or 

  

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conversion. The Trustee will promptly cancel all Notes so surrendered to it in accordance with its customary procedures. Without limiting the generality of Section 2.03(B), the
Company may not originally issue new Notes to replace Notes that it has paid or that have been cancelled upon transfer, exchange, payment or conversion. 

Section 2.16. NOTES HELD BY THE COMPANY
OR ITS AFFILIATES. 
 Without limiting the generality of Section 3.08, in
determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or any of its Affiliates will be deemed not to be outstanding; provided,
however, that, for purposes of determining whether the Trustee is protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows are so owned will be so disregarded. 

Section 2.17. TEMPORARY NOTES. 

Until definitive Notes are ready for delivery, the Company may issue, execute and deliver, and the Trustee will authenticate, in each case in
accordance with Section 2.02, temporary Notes. Temporary Notes will be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. The Company will promptly prepare,
issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, definitive Notes in exchange for temporary Notes. Until so exchanged, each temporary Note will in all respects be entitled to
the same benefits under this Indenture as definitive Notes. 
 Section 2.18. OUTSTANDING
NOTES. 
 (A) Generally. The Notes that are outstanding at any time will be deemed to be those Notes that, at such
time, have been duly executed and authenticated, excluding those Notes (or portions thereof) that have theretofore been (i) cancelled by the Trustee or delivered to the Trustee for cancellation in accordance with Section 2.15;
(ii) assigned a principal amount of zero by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of any a Global Note representing such Note; (iii) paid in full in accordance with this Indenture;
or (iv) deemed to cease to be outstanding to the extent provided in, and subject to, clause (B), (C) or (D) of this Section 2.18. 

(B) Replaced Notes. If a Note is replaced pursuant to Section 2.13, then such Note will cease to be outstanding at the time
of its replacement, unless the Trustee and the Company receive proof reasonably satisfactory to them that such Note is held by a “bona fide purchaser” under applicable law. 

(C) Maturing Notes and Notes Called for Redemption or Subject to Repurchase. If, by 10:00 a.m. New York City time on a Redemption Date,
a Fundamental Change Repurchase Date or the Maturity Date, the Paying Agent holds money sufficient to pay the aggregate Redemption Price, Fundamental Change Repurchase Price or principal amount, respectively, together, in each case, with the
aggregate interest, in each case due on such date, then (unless there occurs a Default in the payment of any such amount) (i) the Notes (or portions thereof) to be redeemed or 

  

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repurchased, or that mature, on such date will be deemed, as of such date, to cease to be outstanding, except to the extent provided in Sections 4.02(D), 4.03(E) or 5.02(D);
and (ii) the rights of the Holders of such Notes (or such portions thereof), as such, will terminate with respect to such Notes (or such portions thereof), other than the right to receive the Redemption Price, Fundamental Change Repurchase
Price or principal amount, as applicable, of, and accrued and unpaid interest on, such Notes (or such portions thereof), in each case as provided in this Indenture. 

(D) Notes to Be Converted. At the Close of Business on the Conversion Date for any Note (or any portion thereof)
to be converted, such Note (or such portion) will (unless there occurs a Default in the delivery of the Conversion Consideration or interest due, pursuant to Section 5.03(B) or Section 5.02(D), upon such conversion) be deemed
to cease to be outstanding, except to the extent provided in Section 5.02(D). 
 (E) Cessation of Accrual of
Interest. Except as provided in Sections 4.02(D), 4.03(E) or 5.02(D), interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this Section 2.18, to
cease to be outstanding, unless there occurs a default in the payment or delivery of any cash or other property due on such Note. 
 
Section 2.19. Repurchases by the Company. 
 Without limiting the generality of Section 2.15, the Company may, from
time to time, repurchase Notes in open market purchases or in negotiated transactions without delivering prior notice to Holders. 
 
Section 2.20. CUSIP and ISIN Numbers. 
 Subject to Section 2.12, the Company may use one or more CUSIP or ISIN
numbers to identify any of the Notes, and, if so, the Company and the Trustee will use such CUSIP or ISIN number(s) in notices to Holders; provided, however, that (i) the Trustee makes no representation as to the correctness or
accuracy of any such CUSIP or ISIN number; and (ii) the effectiveness of any such notice will not be affected by any defect in, or omission of, any such CUSIP or ISIN number. The Company will promptly notify the Trustee of any change in the
CUSIP or ISIN number(s) identifying any Notes. Neither the Trustee nor any Note Agent will have any responsibility or liability for any actions taken or not taken by the Depositary. 

Article 3. COVENANTS 

Section 3.01. PAYMENT ON NOTES. 

(A) Generally. The Company will pay or cause to be paid all the principal of, the Fundamental Change Repurchase Price, Redemption Price
for, interest on, and other amounts due with respect to, the Notes on the dates and in the manner set forth in this Indenture. 
 (B)
Deposit of Funds. Before 10:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the
Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the
Company, as soon as practicable, any money not required for such purpose. 

  

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 Section 3.02. EXCHANGE ACT
REPORTS. 
 (A) Generally. The Company will send to the Trustee copies of all reports that the
Company is required to file with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act within fifteen (15) calendar days after the date that the Company is required to so file the same (after giving effect to all applicable grace
periods under the Exchange Act); provided, however, that the Company need not send to the Trustee any material for which the Company has received, or is seeking in good faith and has not been denied,
confidential treatment by the SEC. Any report that the Company files with the SEC through the EDGAR system (or any successor system thereto) will be deemed to be sent to the Trustee at the time such report is so filed via the EDGAR system (or such
successor system). Upon the request of any Holder, the Trustee will provide to such Holder a copy of any report that the Company has sent the Trustee pursuant to this Section 3.02(A), other than a report that is deemed to be sent to the
Trustee pursuant to the preceding sentence. 
 (B) Trustee’s Disclaimer. The Trustee need not
determine whether the Company has filed any material via the EDGAR system (or such successor). Delivery of such material and the sending or filing of reports pursuant to Section 3.02(A) will not be deemed to constitute constructive
notice to the Trustee of any information contained, or determinable from information contained, therein, including the Company’s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to rely exclusively
on Officer’s Certificates). The Trustee will not be obligated to monitor or confirm, on a continuing basis or otherwise, the Company’s compliance with such covenants or obligations under the Exchange Act to file reports. 

Section 3.03. RULE 144A INFORMATION. 

If the Company is not subject to Section 13 or 15(d) of the Exchange Act at any time when any Notes or shares of Common Stock issuable
upon conversion of the Notes are outstanding and constitute “restricted securities” (as defined in Rule 144), then the Company (or its successor) will promptly provide, to the Trustee and, upon written request, to any Holder, beneficial
owner or prospective purchaser of such Notes or shares, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes or shares pursuant to Rule 144A. The Company (or its
successor) will take such further action as any Holder or beneficial owner of such Notes or shares may reasonably request to enable such Holder or beneficial owner to sell such Notes or shares pursuant to Rule 144A. 

Section 3.04. ADDITIONAL INTEREST. 

(A) Accrual of Additional Interest. 

(i) If, at any time during the six (6) month period beginning on, and including, the date that is six (6) months
after the Last Original Issue Date of any Note, 
 (1) the Company fails to satisfy the requirements of Rule 144(c)(1) of the
Securities Act; or 
 (2) such Note is not otherwise Freely Tradable, 

  

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 then Additional Interest will accrue on such Note for each day during such period on which
such failure is continuing or such Note is not Freely Tradable. 
 (ii) In addition, Additional Interest will accrue on a
Note on each day on which such Note is not Freely Tradable on or after the fifteenth (15th) day after the Free Trade Date of such Note. 

(B) Amount and Payment of Additional Interest. Any Additional Interest that accrues on a Note pursuant to
Section 3.04(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first
ninety (90) days on which Additional Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof. For the avoidance of doubt, any Additional Interest that accrues on a Note will
be in addition to the Stated Interest that accrues on such Note and in addition to any Special Interest that accrues on such Note. 

(C) Notice of Accrual of Additional Interest; Trustee’s Disclaimer. The Company will send notice to the Holder of each
Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note. In addition, if Additional Interest accrues on any Note, then, no later than five (5) Business Days before each date
on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Additional Interest on such Note on such date of
payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Additional Interest is payable or the amount thereof. 

(D) The accrual of Additional Interest will be the exclusive remedy available to Holders for the failure of their Notes to become Freely
Tradable. 
 Section 3.05. COMPLIANCE AND DEFAULT
CERTIFICATES. 
 (A) Annual Compliance Certificate. Within ninety (90) days after December 31,
2018 and each fiscal year of the Company ending thereafter, the Company will deliver an Officer’s Certificate to the Trustee stating (i) that the signatory thereto has supervised a review of the activities of the Company and its
Subsidiaries during such fiscal year with a view towards determining whether any Default or Event of Default has occurred; and (ii) whether, to such signatory’s knowledge, a Default or Event of Default has occurred or is continuing (and,
if so, describing all such Defaults or Events of Default and what action the Company is taking or proposes to take with respect thereto). 

(B) Default Certificate. If a Default or Event of Default occurs, then the Company will within 30 days deliver an Officer’s
Certificate referencing this Indenture and the Notes to the Trustee describing the same and what action the Company is taking or proposes to take with respect thereto. 

  

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 Section 3.06. STAY, EXTENSION
AND USURY LAWS. 
 To the extent that it may lawfully do so, the Company (A) agrees
that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law (wherever or whenever enacted or in force) that may affect the covenants or the performance of
this Indenture; and (B) expressly waives all benefits or advantages of any such law and agrees that it will not, by resort to any such law, hinder, delay or impede the execution of any power granted to the Trustee by this Indenture, but will
suffer and permit the execution of every such power as though no such law has been enacted. 
 Section 3.07.
CORPORATE EXISTENCE. 
 Subject to Article 6, the Company will cause to preserve and keep in full
force and effect: 
 (A) its corporate existence in accordance with the organizational documents of the Company; and 

(B) the material rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; 

provided, however, that the Company need not preserve or keep in full force and effect any such license or franchise if the Board of Directors
determines that (x) the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole; and (y) the loss thereof is not, individually or in the aggregate, materially adverse
to the Holders. 
 Section 3.08. RESTRICTION ON ACQUISITION
OF NOTES BY THE COMPANY AND ITS AFFILIATES. 

The Company will promptly deliver to the Trustee for cancellation in accordance with its customary provisions all Notes that the Company or any
of its Subsidiaries have purchased or otherwise acquired. The Company will use commercially reasonable efforts to prevent any of its controlled Affiliates from acquiring any Note (or any beneficial interest therein). 

Section 3.09. FURTHER INSTRUMENTS AND ACTS. 

At the Trustee’s request, the Company will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to more effectively carry out the purposes of this Indenture. 
 Article 4. REPURCHASE
AND REDEMPTION 
 Section 4.01. NO SINKING FUND. 

No sinking fund is required to be provided for the Notes. 

Section 4.02. RIGHT OF HOLDERS TO REQUIRE
THE COMPANY TO REPURCHASE NOTES UPON A FUNDAMENTAL CHANGE. 

(A) Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. Subject to the other
terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion
thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price. 

  

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 (B) Repurchase Prohibited in Certain Circumstances. If the principal amount of the
Notes has been accelerated and such acceleration has not been rescinded on or before the Fundamental Change Repurchase Date for a Repurchase Upon Fundamental Change (except in the case of an acceleration resulting solely from the failure to pay the
related Fundamental Change Repurchase Price, on such Fundamental Change Repurchase Date), then (i) the Company may not repurchase any Notes pursuant to this Section 4.02; and (ii) the Company will cause any Notes theretofore
surrendered for such Repurchase upon Fundamental Change to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the
applicable beneficial interest in such Notes in accordance with the Depositary Procedures). 
 (C) Fundamental Change Repurchase
Date. The Fundamental Change Repurchase Date for any Fundamental Change will be a Business Day of the Company’s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the
related Fundamental Change Notice pursuant to Section 4.02(E). 
 (D) Fundamental Change Repurchase Price. The
Fundamental Change Repurchase Price for any Note to be repurchased upon a Repurchase Upon Fundamental Change following a Fundamental Change is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note
to, but excluding, the Fundamental Change Repurchase Date for such Fundamental Change; provided, however, that if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date,
then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Repurchase Upon Fundamental Change, to receive, on or, at the Company’s election, before such Interest Payment
Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Fundamental Change
Repurchase Date is before such Interest Payment Date); and (ii) the Fundamental Change Repurchase Price will not include accrued and unpaid interest on such Note to, but excluding, such Fundamental Change Repurchase Date. For the avoidance of
doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Fundamental Change Repurchase Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and
unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders at of the Close of Business on the immediately preceding Regular Record Date;
and (y) the Fundamental Change Repurchase Price will include interest on Notes to be repurchased from, and including, such Interest Payment Date, all subject to the Depositary Procedures (in the case of a Global Note). 

(E) Fundamental Change Notice. On or before the twentieth (20th) calendar day after the occurrence of a Fundamental Change, the
Company will (x) send to each Holder, the Trustee and the Paying Agent a notice of such Fundamental Change (a “Fundamental Change Notice”) and (y) substantially contemporaneously therewith, issue a press release through
such national newswire service as the Company then uses (or publish the same through such other widely disseminated public medium as the Company then uses, including its website) containing the information set forth in the Fundamental Change Notice.

  

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 Such Fundamental Change Notice must state: 

(i) briefly, the events causing such Fundamental Change; 

(ii) the effective date of such Fundamental Change; 

(iii) the procedures that a Holder must follow to require the Company to repurchase its Notes pursuant to this
Section 4.02, including the deadline for exercising the Fundamental Change Repurchase Right and the procedures for submitting and withdrawing a Fundamental Change Repurchase Notice; 

(iv) the Fundamental Change Repurchase Date for such Fundamental Change; 

(v) the Fundamental Change Repurchase Price per $1,000 principal amount of Notes for such Fundamental Change (and, if such
Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.02(D)); 

(vi) the name and (if Physical Notes are outstanding) the address of the Paying Agent and the Conversion Agent; 

(vii) the Conversion Rate in effect on the date of such Fundamental Change Notice and a description and quantification of any
adjustments to the Conversion Rate that may result from such Fundamental Change (including pursuant to Section 5.07); 

(viii) that Notes for which a Fundamental Change Repurchase Notice has been duly tendered and not duly withdrawn must be
delivered to the Paying Agent (or, in the case of a Global Note, in accordance with the Depositary Procedures) for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; 

(ix) that Notes (or any portion thereof) that are subject to a Fundamental Change Repurchase Notice that has been duly tendered
may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with this Indenture; and 
 (x)
the CUSIP and ISIN numbers, if any, of the Notes. 
 Neither the failure to deliver a Fundamental Change Notice nor any defect in a
Fundamental Change Notice will limit the Fundamental Change Repurchase Right of any Holder or otherwise affect the validity of any proceedings relating to any Repurchase Upon Fundamental Change. 

(F) Procedures to Exercise the Fundamental Change Repurchase Right. 

  

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 (i) Delivery of Fundamental Change Repurchase Notice and Notes to Be
Repurchased. To exercise its Fundamental Change Repurchase Right for a Note following a Fundamental Change, the Holder thereof must deliver to the Paying Agent: 

(1) before the Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date (or such
later time as may be required by law), a duly completed, written Fundamental Change Repurchase Notice with respect to such Note; and 

(2) such Note, duly endorsed for transfer (if such Note is a Physical Note) or by book-entry transfer via the Depositary
Procedures (if such note is a Global Note). 
 The Paying Agent will promptly deliver to the Company a copy of each Fundamental Change
Repurchase Notice that it receives. 
 (ii) Contents of Fundamental Change Repurchase Notices. Each Fundamental Change
Repurchase Notice with respect to a Note must state: 
 (1) if such Note is a Physical Note, the certificate number of such
Note; 
 (2) the principal amount of such Note to be repurchased, which must be an Authorized Denomination; and 

(3) that such Holder is exercising its Fundamental Change Repurchase Right with respect to such principal amount of such Note;

 provided, however, that if such Note is a Global Note, then such Fundamental Change Repurchase Notice must comply with the
Depositary Procedures (and any such Fundamental Change Repurchase Notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this Section 4.02(F)). 

(iii) Withdrawal of Fundamental Change Repurchase Notice. A Holder that has delivered a Fundamental Change Repurchase
Notice with respect to a Note may withdraw such Fundamental Change Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time before the Close of Business on the Business Day immediately before the related
Fundamental Change Repurchase Date. Such withdrawal notice must state: 
 (1) if such Note is a Physical Note, the
certificate number of such Note; 
 (2) the principal amount of such Note to be withdrawn, which must be an Authorized
Denomination; and 
 (3) the principal amount of such Note, if any, that remains subject to such Fundamental Change
Repurchase Notice, which must be an Authorized Denomination; 

  

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 provided, however, that if such Note is a Global Note, then such withdrawal
notice must comply with the Depositary Procedures (and any such withdrawal notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this Section 4.02(F)). 

Upon receipt of any such withdrawal notice with respect to a Note (or any portion thereof), the Paying Agent will (x) promptly deliver a
copy of such withdrawal notice to the Company; and (y) if such Note is surrendered to the Paying Agent, cause such Note (or such portion thereof in accordance with Section 2.11, treating such Note as having been then surrendered for
partial repurchase in the amount set forth in such withdrawal notice as remaining subject to repurchase) to be returned to the Holder thereof. 

(G) Payment of the Fundamental Change Repurchase Price. Without limiting the Company’s obligation to deposit
the Fundamental Change Repurchase Price within the time proscribed by Section 3.01(B), the Company will cause the Fundamental Change Repurchase Price for a Note (or portion thereof) to be repurchased pursuant to a Repurchase Upon
Fundamental Change to be paid to the Holder thereof on or before the later of (i) the applicable Fundamental Change Repurchase Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a Physical Note) or
(y) the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent, of such Holder’s beneficial interest in such Note to be repurchased are complied with (in the case of a Global Note). For the avoidance of
doubt, interest payable pursuant to the proviso to Section 4.02(D) on any Note to be repurchased pursuant to a Repurchase Upon Fundamental Change must be paid pursuant to such proviso, subject to the Depositary Procedures (in the case of
a Global Note). 
 (H) Third Party May Conduct Repurchase Offer In Lieu of the Company. Notwithstanding
anything to the contrary in this Section 4.02, the Company will be deemed to satisfy its obligations under this Section 4.02 if (i) one or more third parties conduct any Repurchase Upon Fundamental Change and related
offer to repurchase Notes otherwise required by this Section 4.02 in a manner that would have satisfied the requirements of this Section 4.02 if conducted directly by the Company; and (ii) an owner of a beneficial
interest in any Note repurchased by such third party or parties will not receive a lesser amount (as a result of taxes, additional expenses or for any other reason) than such owner would have received had the Company repurchased such Note.

 (I) Compliance with Applicable Securities Laws. To the extent applicable, the Company will comply with all federal and
state securities laws in connection with a Repurchase Upon Fundamental Change (including complying with Rules 13e-4 and 14e-1 under the Exchange Act and filing any required Schedule TO, to the extent applicable) so as to permit effecting such
Repurchase Upon Fundamental Change in the manner set forth in this Indenture. 
 (J) Repurchase in Part.
Subject to the terms of this Section 4.02, Notes may be repurchased pursuant to a Repurchase Upon Fundamental Change in part, but only in Authorized Denominations. Provisions of this Section 4.02 applying to the repurchase of
a Note in whole will equally apply to the repurchase of a permitted portion of a Note. 

  

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 Section 4.03. RIGHT OF
THE COMPANY TO REDEEM THE NOTES. 
 (A)
No Right to Redeem Before November 15, 2019. The Company may not redeem the Notes at its option at any time before November 15, 2019. 

(B) Right to Redeem the Notes on or After November 15, 2019. Subject to the terms of this Section 4.03, the Company
has the right, at its election, to redeem all, but not less than all, of the Notes, at any time, on a Redemption Date on or after November 15, 2019, for a cash purchase price equal to the Redemption Price, but only if the (i) Last Reported
Sale Price per share of Common Stock exceeds one hundred and fifty percent (150%) of the Conversion Price on (x) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading
Days ending on, and including, the Trading Day immediately before the Redemption Notice Date for such Redemption; and (y) the Trading Day immediately before such Redemption Notice Date; and (ii) the Notes are Freely Tradeable as of the
date the Company sends the related Redemption Notice pursuant to Section 4.03(F). 
 (C) Redemption Prohibited in Certain
Circumstances. If the principal amount of the Notes has been accelerated and such acceleration has not been rescinded on or before the Redemption Date (except in the case of an acceleration resulting solely from the failure to pay the related
Redemption Price, on such Redemption Date), then (i) the Company may not call for Redemption or otherwise redeem any Notes pursuant to this Section 4.03; and (ii) the Company will cause any Notes theretofore surrendered for
such Redemption to be returned to the Holders thereof. 
 (D) Redemption Date. The Redemption Date for any Redemption will be a
Business Day of the Company’s choosing that is no more than seventy (70), nor less than fifty (50), Scheduled Trading Days after the Redemption Notice Date for such Redemption. 

(E) Redemption Price. The Redemption Price for any Note called for Redemption is an amount in cash equal to the principal amount of
such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Redemption; provided, however, that if such Redemption Date is after a Regular Record Date and on or before the next Interest
Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Redemption, to receive, on or, at the Company’s election, before such Interest Payment Date, the
unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Redemption Date is before such
Interest Payment Date); and (ii) the Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Redemption Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the
meaning of Section 2.05(C) and such Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid,
in accordance with Section 2.05(C), on the next Business Day to Holders at of the Close of Business on the immediately preceding Regular Record Date; and (y) the Redemption Price will include interest on Notes to be redeemed from,
and including, such Interest Payment Date. 

  

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 (F) Redemption Notice. To call any Notes for Redemption, the Company must
(x) send to each Holder of such Notes, the Trustee and the Paying Agent a written notice of such Redemption (a “Redemption Notice”) and (y) substantially contemporaneously therewith, issue a press release through such
national newswire service as the Company then uses containing the information set forth in the Redemption Notice. 
 Such Redemption Notice
must state: 
 (i) that the Notes have been called for Redemption, briefly describing the Company’s Redemption right
under this Indenture; 
 (ii) the Redemption Date for such Redemption; 

(iii) the Redemption Price per $1,000 principal amount of Notes for such Redemption (and, if the Redemption Date is after a
Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.03(E)); 

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

(v) that Notes called for Redemption may be converted at any time before the Close of Business on the Business Day immediately
before the Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full); 

(vi) the Conversion Rate in effect on the Redemption Notice Date for such Redemption and a description and quantification of
any adjustments to the Conversion Rate that may result from such Redemption (including pursuant to Section 5.07); 

(vii) the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after such
Redemption Notice Date and before such Redemption Date; and 
 (viii) the CUSIP and ISIN numbers, if any, of the Notes. 

On or before the Redemption Notice Date, the Company will send a copy of such Redemption Notice to the Trustee and the Paying Agent. If the
Trustee will send the Redemption Notice to Holders, the Company will send notice of such redemption to the Trustee at least three (3) Business Days prior to the Redemption Notice Date. 

(G) Payment of the Redemption Price. Without limiting the Company’s obligation to deposit the Redemption
Price by the time proscribed by Section 3.01(B), the Company will cause the Redemption Price for a Note subject to Redemption to be paid to the Holder thereof on or before the applicable Redemption Date. For the avoidance of doubt,
interest payable pursuant to the proviso to Section 4.03(E) on any Note (or portion thereof) subject to Redemption must be paid pursuant to such proviso. 

  

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 Article 5. CONVERSION 

Section 5.01. RIGHT TO CONVERT. 

(A) Generally. Subject to the provisions of this Article 5, each Holder may, at its option, convert such
Holder’s Notes into Conversion Consideration. 
 (B) Conversions in Part. Subject to the terms of
this Indenture, Notes may be converted in part, but only in Authorized Denominations. Provisions of this Article 5 applying to the conversion of a Note in whole will equally apply to conversions of a permitted portion of a Note. 

(C) When Notes May Be Converted. 

(i) Generally. Subject to Section 5.01(C)(ii), a Note may be converted only in the following circumstances:

 (1) Conversion upon Satisfaction of Common Stock Sale Price Condition. A Holder may convert its Notes during any
calendar quarter commencing after the calendar quarter ending on March 31, 2019 (and only during such calendar quarter), if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the
Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter, as
determined by the Company. 
 (2) Conversion upon Satisfaction of Note Trading Price Condition. A Holder may convert
its Notes during the five (5) consecutive Business Days immediately after any five (5) consecutive Trading Day period (such five (5) consecutive Trading Day period, the “Measurement Period”) if the Trading Price per
$1,000 principal amount of Notes, as determined following a request by a Holder in accordance with the procedures set forth below, for each Trading Day of the Measurement Period was less than ninety eight percent (98%) of the product of the
Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day. The condition set forth in the preceding sentence is referred to in this Indenture as the “Trading Price Condition.”
Neither the Trustee nor any agent will have any obligation to make any calculation or to determine whether the Notes may be surrendered for conversion, or to notify the Company, the Depositary or any Holder if the Notes have become convertible. 

The Trading Price will be determined by the Bid Solicitation Agent pursuant to this Section 5.01(C)(i)(2) and the definition of
“Trading Price.” The Bid Solicitation Agent (if not the Company) will have no obligation to determine the Trading Price of the Notes unless the Company has requested such determination in writing, and the Company will have no obligation to
make such request (or seek bids itself) unless a Holder provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes would be less than ninety eight percent (98%) of the product of the Last Reported
Sale Price per share of Common Stock and the Conversion Rate. If a Holder provides such evidence, then the Company 

  

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will (if acting as Bid Solicitation Agent), or will instruct the Bid Solicitation Agent to, determine the Trading Price of the Notes beginning on the next Trading Day and on each successive
Trading Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate
on such Trading Day. If the Trading Price Condition has been met as set forth above, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same within one Business Day following the Trading Day on which such Trading
Price Condition is met. If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of
the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company will promptly notify the Holders, the Trustee and the Conversion Agent of the same, and thereafter, neither the
Company nor the Bid Solicitation Agent will be required to solicit bids again until another qualifying request is made as provided above. 

(3) Conversion upon Specified Corporate Events. 

(a) Certain Distributions. If the Company elects to: 

(I) distribute, to all or substantially all holders of Common Stock, any rights, options or warrants (other than rights issued
pursuant to a stockholder rights plan, so long as such rights have not separated from the Common Stock and are not exercisable until the occurrence of a triggering event, except that such rights will be deemed to be distributed under this clause
(I) upon their separation from the Common Stock or upon the occurrence of such triggering event) entitling them, for a period of not more than forty-five (45) calendar days after the record date of such distribution, to subscribe for
or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately
before the date such distribution is announced (determined in the manner set forth in the third paragraph of Section 5.05(A)(ii)); or 

(II) distribute, to all or substantially all holders of Common Stock, assets or securities of the Company or rights to
purchase the Company’s securities, which distribution per share of Common Stock has a value, as reasonably determined by the Board of Directors, exceeding ten percent (10%) of the Last Reported Sale Price per share of Common Stock on the
Trading Day immediately before the date such distribution is announced, 

  

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 then, in either case, (x) the Company will send notice of such distribution, and of
the related right to convert Notes, to Holders, the Trustee and the Conversion Agent at least fifty (50) Scheduled Trading Days before the Ex-Dividend Date for such distribution; and (y) once the Company has sent such notice, Holders may
convert their Notes at any time until the earlier of the Close of Business on the Business Day immediately before such Ex-Dividend Date and the Company’s announcement that such distribution will not take place. 

(b) Certain Corporate Events. If a Fundamental Change, Make-Whole Fundamental Change or Common Stock Change Event
occurs, then, in each case, Holders may convert their Notes at any time from, and including, the effective date of such transaction or event to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such
transaction or event also constitutes a Fundamental Change, to, but excluding, the related Fundamental Change Repurchase Date); provided, however, that if the Company fails to provide the notice referred to in the immediately following sentence by
such effective date, then the last day on which the Notes are convertible pursuant to this sentence will be extended by the number of Business Days from, and including, such effective date to, but excluding, the date the Company provides such
notice. No later than such effective date, the Company will send notice to the Holders, the Trustee and the Conversion Agent of such transaction or event, such effective date and the related right to convert Notes. 

(4) Conversion upon Redemption. If the Company calls any Note for Redemption, then the Holder of such Note may convert
such Note at any time before the Close of Business on the Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the
Company pays such Redemption Price in full). 
 (5) Conversions During Free Convertibility Period. A Holder may
convert its Notes at any time from, and including, May 15, 2023 until the Close of Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date. 

For the avoidance of doubt, the Notes may become convertible pursuant to any one or more of the preceding sub-paragraphs of this
Section 5.01(C)(i) and the Notes ceasing to be convertible pursuant to a particular sub-paragraph of this Section 5.01(C)(i) will not preclude the Notes from being convertible pursuant to any other sub-paragraph of this
Section 5.01(C)(i). Neither the Trustee nor any Agent will have any obligation to (i) monitor the Last Reported Sale Price, make any calculation or determine whether the Notes may be surrendered for conversion, or (ii) notify
the Company, the Depositary or any Holders of the Notes if the Notes have become convertible. 

  

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 (ii) Limitations and Closed Periods. Notwithstanding anything to the
contrary in this Indenture or the Notes: 
 (1) Notes may be surrendered for conversion only after the Open of Business and
before the Close of Business on a day that is a Business Day; 
 (2) in no event may any Note be converted after the Close of
Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date; 
 (3) if the Company calls any
Note for Redemption pursuant to Section 4.03, then the Holder of such Note may not convert such Note after the Close of Business on the Business Day immediately before the applicable Redemption Date, except to the extent the Company
fails to pay the Redemption Price for such Note in accordance with this Indenture; and 
 (4) if a Fundamental Change
Repurchase Notice is validly delivered pursuant to Section 4.02(F) with respect to any Note, then such Note may not be converted, except to the extent (a) such Note is not subject to such notice; (b) such notice is withdrawn in
accordance with Section 4.02(F); or (c) the Company fails to pay the Fundamental Change Repurchase Price for such Note in accordance with this Indenture. 

Section 5.02. CONVERSION PROCEDURES. 

(A) Generally. 

(i) Global Notes. To convert a beneficial interest in a Global Note that is convertible pursuant to
Section 5.01(C), the owner of such beneficial interest must (1) comply with the Depositary Procedures for converting such beneficial interest (at which time such conversion will become irrevocable); and (2) pay any amounts due
pursuant to Section 5.02(D) or Section 5.02(E). 
 (ii) Physical Notes. To convert all or a portion
of a Physical Note that is convertible pursuant to Section 5.01(C), the Holder of such Note must (1) complete, manually sign and deliver to the Conversion Agent the conversion notice attached to such Physical Note or a facsimile of
such conversion notice; (2) deliver such Physical Note to the Conversion Agent (at which time such conversion will become irrevocable); (3) furnish any endorsements and transfer documents that the Company or the Conversion Agent may
require; and (4) pay any amounts due pursuant to Section 5.02(D) or Section 5.02(E). 
 (B) Effect of Converting
a Note. At the Close of Business on the Conversion Date for a Note (or any portion thereof), such Note (or such portion thereof) will be deemed to cease to be outstanding (and, for the avoidance of doubt, no Person will be deemed to be a Holder
of such Note (or such portion thereof) as of the Close of Business on such Conversion Date), except to the extent provided in Section 5.02(D). 

(C) Holder of Record of Conversion Shares. The Person in whose name any share of Common Stock is issuable upon conversion of any Note
will be deemed to become the holder of record of such share as of the Close of Business on (i) the Conversion Date for such conversion, in the case of Physical Settlement; or (ii) the last VWAP Trading Day of the Observation Period for
such conversion, in the case of Combination Settlement. 

  

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 (D) Interest Payable upon Conversion in Certain Circumstances. If the Conversion Date
of a Note is after a Regular Record Date and before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such conversion (and, for the avoidance
of doubt, notwithstanding anything set forth in the proviso to this sentence), to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such
Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date); and (ii) the Holder surrendering such Note for conversion must deliver to the Company, at the time of such
surrender, an amount of cash equal to the amount of such interest referred to in clause (i) above (regardless of whether such Holder was the Holder of record as of the Close of Business on such Regular Record Date); provided,
however, that the Holder surrendering such Note for conversion need not deliver such cash (v) if the Company has specified a Redemption Date that is after such Regular Record Date and on or before the Business Day immediately after such
Interest Payment Date; (w) if such Conversion Date occurs after the Regular Record Date immediately before the Maturity Date; (x) if the Company has specified a Fundamental Change Repurchase Date that is after such Regular Record Date and
on or before the Business Day immediately after such Interest Payment Date; or (y) to the extent of any overdue interest or interest that has accrued on any overdue interest, to the extent the same exists at the time of conversion with respect
to such Note. For the avoidance of doubt, as a result of, and without limiting the generality of, the foregoing, if a Note is converted with a Conversion Date that is after the Regular Record Date immediately before the Maturity Date, then the
Company will pay, as provided above, the interest that would have accrued on such Note to, but excluding, the Maturity Date, notwithstanding such conversion. For the avoidance of doubt, if the Conversion Date of a Note to be converted is on an
Interest Payment Date, then the Holder of such Note at the Close of Business on the Regular Record Date immediately before such Interest Payment Date will be entitled to receive, on such Interest Payment Date, the unpaid interest that has accrued on
such Note to, but excluding, such Interest Payment Date, and such Note, when surrendered for conversion, need not be accompanied by any cash amount pursuant to the first sentence of this Section 5.02(D). 

(E) Taxes and Duties. If a Holder converts a Note, the Company will pay any documentary, stamp or similar issue or transfer tax or duty
due on the issue of any shares of Common Stock upon such conversion; provided, however, that if any tax or duty is due because such Holder requested such shares to be registered in a name other than such Holder’s name, then such
Holder will pay such tax or duty and, until having received a sum sufficient to pay such tax or duty, the transfer agent for the Common Stock may refuse to deliver any such shares to be issued in a name other than that of such Holder. 

(F) Conversion Agent to Notify Company of Conversions. If any Note is submitted for conversion to the Conversion Agent or the
Conversion Agent receives any notice of conversion with respect to a Note, then the Conversion Agent will promptly notify the Company and the Trustee of such occurrence, together with any other information reasonably requested by the Company. 

  

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 Section 5.03. SETTLEMENT UPON
CONVERSION. 
 (A) Settlement Method. Upon the conversion of any Note, the Company will settle such conversion by
paying or delivering, as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(1) (a
“Physical Settlement”); (y) solely cash as provided in Section 5.03(B)(i)(2) (a “Cash Settlement”); or (z) a combination of cash and shares of Common Stock, together, if applicable, with cash
in lieu of fractional shares as provided in Section 5.03(B)(i)(3) (a “Combination Settlement”). 
 The Company
will have the right to elect the Settlement Method applicable to any conversion of a Note; provided, however, that: 

(i) subject to clause (iii) below, all conversions of Notes with a Conversion Date that occurs on or after the
ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date will be settled using the same Settlement Method, and the Company will send notice of such Settlement Method to Holders and the Conversion Agent no later than the
Open of Business on the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date; 
 (ii) subject
to clause (iii) below, if the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date occurs before the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date, then the
Company will send notice of such Settlement Method to the Holder of such Note and the Conversion Agent no later than the Close of Business on the Business Day immediately after such Conversion Date; 

(iii) notwithstanding anything to the contrary in clause (i) or (ii) above, if any Notes are called for
Redemption, then (1) the Company will specify, in the related Redemption Notice sent pursuant to Section 4.03(F), the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the
related Redemption Notice Date and before the related Redemption Date; and (2) if such Redemption Date occurs on or after the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date, then such Settlement Method must
be the same Settlement Method that, pursuant to clause (i) above, applies to all conversions of Notes with a Conversion Date that occurs on or after the ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date;

 (iv) the Company will use the same Settlement Method for all conversions of Notes with a Conversion Date that occurs on
the same day (and, for the avoidance of doubt, the Company will not be obligated to use the same Settlement Method with respect to conversions of Notes whose Conversion Dates occur on different days, except as provided in clause (i) or
(iii) above); 
 (v) if the Company does not timely elect a Settlement Method with respect to the conversion of a
Note, then the Company will be deemed to have elected the Default Settlement Method (and, for the avoidance of doubt, the failure to timely make such election will not constitute a Default or Event of Default); 

  

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 (vi) if the Company timely elects Combination Settlement with respect to the
conversion of a Note but does not timely notify the Holder of such Note of the applicable Specified Dollar Amount, then the Specified Dollar Amount for such conversion will be deemed to be $1,000 per $1,000 principal amount of Notes (and, for the
avoidance of doubt, the failure to timely send such notification will not constitute a Default or Event of Default); and 

(vii) the Settlement Method will be subject to Section 5.09(A)(2). 

(B) Conversion Consideration. 

(i) Generally. Subject to Section 5.03(B)(ii) and Section 5.03(B)(iii), the type and amount of
consideration (the “Conversion Consideration”) due in respect of each $1,000 principal amount of a Note to be converted will be as follows: 

(1) if Physical Settlement applies to such conversion, a number of shares of Common Stock equal to the Conversion Rate in
effect on the Conversion Date for such conversion; 
 (2) if Cash Settlement applies to such conversion, cash in an amount
equal to the sum of the Daily Conversion Values for each VWAP Trading Day in the Observation Period for such conversion; or 

(3) if Combination Settlement applies to such conversion, consideration consisting of (a) a number of shares of Common
Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the Observation Period for such conversion; and (b) an amount of cash equal to the sum of the Daily Cash Amounts for each VWAP Trading Day in such Observation
Period. 
 (ii) Cash in Lieu of Fractional Shares. If Physical Settlement or Combination Settlement applies to the
conversion of any Note and the number of shares of Common Stock deliverable pursuant to Section 5.03(B)(i) upon such conversion is not a whole number, then such number will be rounded down to the nearest whole number and the Company will
deliver, in addition to the other consideration due upon such conversion, cash in lieu of the related fractional share in an amount equal to the product of (1) such fraction and (2) (x) the Daily VWAP on the Conversion Date for such
conversion (or, if such Conversion Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), in the case of Physical Settlement; or (y) the Daily VWAP on the last VWAP Trading Day of the Observation Period for such
conversion, in the case of Combination Settlement. 
 (iii) Conversion of Multiple Notes by a Single Holder. If a
Holder converts more than one (1) Note on a single Conversion Date, then the Conversion Consideration due in respect of such conversion will (in the case of any Global Note, to the extent permitted by, and practicable under, the Depositary
Procedures) be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder. 

  

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 (iv) Notice of Calculation of Conversion Consideration. If Cash
Settlement or Combination Settlement applies to the conversion of any Note, then the Company will determine the Conversion Consideration due thereupon promptly following the last VWAP Trading Day of the applicable Observation Period and will
promptly thereafter send notice to the Trustee and the Conversion Agent of the same and the calculation thereof in reasonable detail. Neither the Trustee nor the Conversion Agent will have any duty to make any such determination. 

(C) Delivery of the Conversion Consideration. Except as set forth in Sections 5.05(D) and 5.09(A)(2), the Company will
pay or deliver, as applicable, the Conversion Consideration due upon the conversion of any Note to the Holder as follows: (i) if Cash Settlement or Combination Settlement applies to such conversion, on or before the second (2nd) Business
Day immediately after the last VWAP Trading Day of the Observation Period for such conversion; and (ii) if Physical Settlement applies to such conversion, on or before the second (2nd) Business Day immediately after the Conversion Date for
such conversion; provided, however, that if Physical Settlement applies to the conversion of any Note with a Conversion Date that is after the Regular Record Date immediately before the Maturity Date, then, solely for purposes of such
conversion, (x) the Company will pay or deliver, as applicable, the Conversion Consideration due upon such conversion no later than the Maturity Date (or, if the Maturity Date is not a Business Day, the next Business Day); and (y) the
Conversion Date will instead be deemed to be the second (2nd) Business Day immediately before the Maturity Date. 
 (D) Deemed
Payment of Principal and Interest; Settlement of Accrued Interest Notwithstanding Conversion. If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and,
except as provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and
accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full rather
than cancelled, extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of the Common Stock, then accrued and unpaid interest that is deemed to be
paid therewith will be deemed to be paid first out of such cash. 
 Section 5.04. RESERVE
AND STATUS OF COMMON STOCK ISSUED UPON CONVERSION. 

(A) Stock Reserve. At all times when any Notes are outstanding, the Company will reserve, out of its authorized but unissued and
unreserved shares of Common Stock, a number of shares of Common Stock sufficient to permit the conversion of all then-outstanding Notes, assuming (x) Physical Settlement will apply to such conversion; and (y) the Conversion Rate is
increased by the maximum amount pursuant to which the Conversion Rate may be increased pursuant to Section 5.07. 
 (B) Status of
Conversion Shares; Listing. Each Conversion Share, if any, delivered upon conversion of any Note will be a newly issued or treasury share and will be duly and validly issued, fully paid, non-assessable, free from preemptive rights and free of
any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of the Holder of 

  

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such Note or the Person to whom such Conversion Share will be delivered). If the Common Stock is then listed on any securities exchange, or quoted on any inter-dealer quotation system, then the
Company will cause each Conversion Share, when delivered upon conversion of any Note, to be admitted for listing on such exchange or quotation on such system. 

Section 5.05. ADJUSTMENTS TO THE CONVERSION
RATE. 
 (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time
to time as follows: 
 (i) Stock Dividends, Splits and Combinations. If the Company issues solely shares of Common
Stock as a dividend or distribution on all or substantially all shares of the Common Stock, or if the Company effects a stock split or a stock combination of the Common Stock (in each case excluding an issuance solely pursuant to a Common Stock
Change Event, as to which Section 5.09 will apply), then the Conversion Rate will be adjusted based on the following formula: 
  

 
 where: 
  

							
			
	
          CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately before the Open of Business on the effective date of such stock split or
stock combination, as applicable;
			
	
          CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date or the Open of Business on such effective date, as applicable;
			
	
          OS0
	 	 =
	  	the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date or effective date, as applicable, without giving effect to such dividend, distribution, stock split or
stock combination; and
			
	
          OS1
	 	 =
	  	the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, stock split or stock combination.

 For the avoidance of doubt, an adjustment pursuant to this Section 5.05(A)(i) will become effective
as set forth in the definition of CR1 above. If any dividend, distribution, stock split or stock combination of the type described in this Section 5.05(A)(i) is declared or
announced, but not so paid or made, then the Conversion Rate will be readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution or to effect such stock split or stock combination, to the
Conversion Rate that would then be in effect had such dividend, distribution, stock split or stock combination not been declared or announced. 

  

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 (ii) Rights, Options and Warrants. If the Company distributes, to all
or substantially all holders of Common Stock, rights, options or warrants (other than rights issued or otherwise distributed pursuant to a stockholder rights plan, as to which the provisions set forth in Sections 5.05(A)(iii)(1) and
5.05(F) will apply) entitling such holders, for a period of not more than forty-five (45) calendar days after the record date of such distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less
than the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced, then the Conversion Rate
will be increased based on the following formula: 
  
  

 
 where: 
  

							
			
	           CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such distribution;
			
	           CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	           OS
	 	 =
	  	the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date;
			
	           X
	 	 =
	  	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
			
	           Y
	 	 =
	  	a number of shares of Common Stock obtained by dividing (x) the aggregate price payable to exercise such rights, options or warrants by (y) the average of the Last Reported Sale Prices per share of Common Stock for
the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced.

 For the avoidance of doubt, an adjustment pursuant to this Section 5.05(A)(ii) will become
effective as set forth in the definition of CR1 above. To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants (including as
a result of such rights, options or warrants not being exercised), the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the increase to the Conversion Rate for such distribution been made on the basis of
delivery of only the number of shares of Common Stock actually delivered upon exercise of such rights, option or warrants. To the extent such rights, options or warrants are not so distributed, the Conversion Rate will be readjusted to the
Conversion Rate that would then be in effect had the Ex-Dividend Date for the distribution of such rights, options or warrants not occurred. 

  

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 For purposes of this Section 5.05(A)(ii) and
Section 5.01(C)(i)(3)(a)(I), in determining whether any rights, options or warrants entitle holders of Common Stock to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last
Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date of the distribution of such rights, options or warrants is announced, and in
determining the aggregate price payable to exercise such rights, options or warrants, there will be taken into account any consideration the Company receives for such rights, options or warrants and any amount payable on exercise thereof, with the
value of such consideration, if not cash, to be determined by the Board of Directors. 
 (iii) Spin-Offs and Other
Distributed Property. 
 (1) Distributions Other than Spin-Offs. If the Company distributes shares of its Capital
Stock, evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all holders of the Common Stock, excluding: 

(v) dividends, distributions, rights, options or warrants for which an adjustment to the Conversion Rate is required (or would
be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(i) or 5.05(A)(ii); 

(w) dividends or distributions paid exclusively in cash for which an adjustment to the Conversion Rate is required (or would
be required without regard to Section 5.05(C)) pursuant to Section 5.05(A)(iv); 
 (x) rights issued
or otherwise distributed pursuant to a stockholder rights plan, except to the extent provided in Section 5.05(F); 

(y) Spin-Offs for which an adjustment to the Conversion Rate is required (or would be required without regard to
Section 5.05(C)) pursuant to Section 5.05(A)(iii)(2); and 
 (z) a distribution solely pursuant to a
Common Stock Change Event, as to which Section 5.09 will apply, 
 then the Conversion Rate will be increased
based on the following formula: 
  
  
 

 
 where: 
  

							
			
	
                  CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such distribution;
			
	
                  CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	
                  
SP
	 	 =
	  	the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before such Ex-Dividend Date; and
			
	
                  
FMV
	 	 =
	  	the fair market value (as determined by the Board of Directors), as of such Ex-Dividend Date, of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants distributed per
share of Common Stock pursuant to such distribution;

  

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 provided, however, that if FMV is equal to or greater than SP,
then, in lieu of the foregoing adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such distribution, at the same time and on the same terms as holders of
Common Stock, the amount and kind of shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common
Stock equal to the Conversion Rate in effect on such record date. 
 For the avoidance of doubt, an adjustment pursuant to this
Section 5.05(A)(iii)(1) will become effective as set forth in the definition of CR1 above. To the extent such distribution is not so paid or made, the Conversion Rate will be
readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the distribution, if any, actually made or paid. 

(2) Spin-Offs. If the Company distributes or dividends shares of Capital Stock of any class or series, or similar
equity interest, of or relating to an Affiliate, a Subsidiary or other business unit of the Company to all or substantially all holders of the Common Stock (other than solely pursuant to a Common Stock Change Event, as to which
Section 5.09 will apply), and such Capital Stock or equity interest is listed or quoted (or will be listed or quoted upon the consummation of the transaction) on a U.S. national securities exchange (a “Spin-Off”), then
the Conversion Rate will be increased based on the following formula: 
  
 

 
 where: 
  

							
			
	
                  CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Close of Business on the last Trading Day of the Spin-Off Valuation Period for such Spin-Off;
			
	
                  CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Close of Business on the last Trading Day of the Spin-Off Valuation Period;
			
	
                  
FMV
	 	 =
	  	the product of (x) the average of the Last Reported Sale Prices per share or unit of the Capital Stock or equity interests distributed in such Spin-Off over the ten (10) consecutive Trading Day period (the
“Spin-Off Valuation Period”) beginning on, and including, such Ex-Dividend Date (such average to be determined as if references to Common Stock in the definitions of Last Reported Sale Price and Trading Day were instead references
to such Capital Stock or equity interests); and (y) the number of shares or units of such Capital Stock or equity interests distributed per share of Common Stock in such Spin-Off; and
			
	
                  
SP
	 	 =
	  	the average of the Last Reported Sale Prices per share of Common Stock for each Trading Day in the Spin-Off Valuation Period.

  

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 For the avoidance of doubt, an adjustment pursuant to this
Section 5.05(A)(iii)(2) will become effective as set forth in the definition of CR1 above. Notwithstanding anything to the contrary in this
Section 5.05(A)(iii)(2), (i) if any VWAP Trading Day of the Observation Period for a Note whose conversion will be settled pursuant to Cash Settlement or Combination Settlement occurs during the Spin-Off Valuation Period for such
Spin-Off, then, solely for purposes of determining the Conversion Rate for such VWAP Trading Day for such conversion, such Spin-Off Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the
Ex-Dividend Date for such Spin-Off to, and including, such VWAP Trading Day; and (ii) if the Conversion Date for a Note whose conversion will be settled pursuant to Physical Settlement occurs during the Spin-Off Valuation Period for a Spin-Off,
then, solely for purposes of determining the Conversion Consideration due for such conversion, such Spin-Off Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the Ex-Dividend Date for such
Spin-Off to, and including, such Conversion Date. 
 To the extent any dividend or distribution of the type set forth in this
Section 5.05(A)(iii)(2) is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if any,
actually made or paid. 
 (iv) Cash Dividends or Distributions. If any cash dividend or distribution is made to all or
substantially all holders of Common Stock, then the Conversion Rate will be increased based on the following formula: 
  

 
 

 
 where: 
  

							
			
	           CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Open of Business on the Ex-Dividend Date for such dividend or distribution;
			
	           CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	           SP
	 	 =
	  	the Last Reported Sale Price per share of Common Stock on the Trading Day immediately before such Ex-Dividend Date; and
			
	           D
	 	 =
	  	the cash amount distributed per share of Common Stock in such dividend or distribution;

  

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 provided, however, that if D is equal to or greater than SP,
then, in lieu of the foregoing adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such dividend or distribution, at the same time and on the same terms as
holders of Common Stock, the amount of cash that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock equal to the Conversion Rate in effect on such record date. 

For the avoidance of doubt, an adjustment pursuant to this Section 5.05(A)(iv) will become effective as set forth in the definition
of CR1 above. To the extent such dividend or distribution is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had
the adjustment been made on the basis of only the dividend or distribution, if any, actually made or paid. 
 (v) Tender
Offers or Exchange Offers. If the Company or any of its Subsidiaries makes a payment in respect of a tender offer or exchange offer for shares of Common Stock, and the value (determined as of the Expiration Time by the Board of Directors) of the
cash and other consideration paid per share of Common Stock in such tender or exchange offer exceeds the Last Reported Sale Price per share of Common Stock on the Trading Day immediately after the last date (the “Expiration Date”)
on which tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended), then the Conversion Rate will be increased based on the following formula: 

 
  
 

 
 where: 
  

							
			
	           CR0
	 	 =
	  	the Conversion Rate in effect immediately before the Close of Business on the last Trading Day of the Tender/Exchange Offer Valuation Period for such tender or exchange offer;
			
	           CR1
	 	 =
	  	the Conversion Rate in effect immediately after the Close of Business on the last Trading Day of the Tender/Exchange Offer Valuation Period;
			
	           AC
	 	 =
	  	the aggregate value (as determined by the Board of Directors as of the time (the “Expiration Time”) such tender or exchange offer expires) of all cash and other consideration paid for shares of Common
Stock purchased or exchanged in such tender or exchange offer;
			
	           OS0
	 	 =
	  	the number of shares of Common Stock outstanding immediately before the Expiration Time (before giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange
offer);
			
	           OS1
	 	 =
	  	the number of shares of Common Stock outstanding immediately after the Expiration Time (excluding all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer); and
			
	           SP
	 	 =
	  	the average of the Last Reported Sale Prices per share of Common Stock over the ten (10) consecutive Trading Day period (the “Tender/Exchange Offer Valuation Period”) beginning on, and including, the
Trading Day immediately after the Expiration Date;

  

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 provided, however, that the Conversion Rate will in no event be adjusted down
pursuant to this Section 5.05(A)(v), except to the extent provided in the immediately following paragraph. For the avoidance of doubt, an adjustment pursuant to this Section 5.05(A)(v) will become effective as set forth in
the definition of CR1 above. Notwithstanding anything to the contrary in this Section 5.05(A)(v), (i) if any VWAP Trading Day of the Observation Period for a Note whose
conversion will be settled pursuant to Cash Settlement or Combination Settlement occurs during the Tender/Exchange Offer Valuation Period for such tender or exchange offer, then, solely for purposes of determining the Conversion Rate for such VWAP
Trading Day for such conversion, such Tender/Exchange Offer Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the Trading Day immediately after the Expiration Date for such tender or exchange
offer to, and including, such VWAP Trading Day; and (ii) if the Conversion Date for a Note whose conversion will be settled pursuant to Physical Settlement occurs during the Tender/Exchange Offer Valuation Period for such tender or exchange
offer, then, solely for purposes of determining the Conversion Consideration for such conversion, such Tender/Exchange Offer Valuation Period will be deemed to consist of the Trading Days occurring in the period from, and including, the Trading Day
immediately after the Expiration Date to, and including, such Conversion Date. 
 To the extent such tender or exchange offer is announced
but not consummated (including as a result of the Company being precluded from consummating such tender or exchange offer under applicable law), or any purchases or exchanges of shares of Common Stock in such tender or exchange offer are rescinded,
the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the purchases or exchanges of shares of Common Stock, if any, actually made, and not rescinded, in such
tender or exchange offer. 
 (B) No Adjustments in Certain Cases. 

(i) Where Holders Participate in the Transaction or Event Without Conversion. Notwithstanding anything to the contrary
in Section 5.05(A), the Company will not be obligated to adjust the Conversion Rate on account of a transaction or other event otherwise requiring an adjustment pursuant to Section 5.05(A) (other than a stock split or
combination of the type set forth in Section 5.05(A)(i) or a tender or exchange offer of the type set forth in Section 5.05(A)(v)) if each Holder participates, at the same time and on the same terms as holders of Common
Stock, and solely by virtue of being a Holder of Notes, in such transaction or event without having to convert such Holder’s Notes and as if such Holder held a number of shares of Common Stock equal to the product of (i) the Conversion
Rate in effect on the related record date; and (ii) the aggregate principal amount (expressed in thousands) of Notes held by such Holder on such date. 

(ii) Certain Events. The Company will not be required to adjust the Conversion Rate except as provided in
Section 5.05 or Section 5.07. Without limiting the foregoing, the Company will not be obligated to adjust the Conversion Rate on account of: 

(1) stock repurchases, including structured or derivative transactions, pursuant to a stock repurchase program approved by the
Board of Directors, in each case that are not tender or exchange offers referred to in Section 5.05(A)(v); 
 (2)
except as otherwise provided in Section 5.05, the sale of shares of Common Stock for a purchase price that is less than the market price per share of Common Stock or less than the Conversion Price; 

(3) 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 such plan; 

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

(5) the issuance of any shares of Common Stock pursuant to any option, warrant, right or convertible or exchangeable security
of the Company not described in clause (4) above and outstanding as of the Issue Date; 
 (6) solely a change in the
par value of the Common Stock; or 
 (7) accrued and unpaid interest on the Notes. 

  

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 (C) Adjustment Deferral. If an adjustment to the Conversion Rate otherwise required
by this Article 5 would result in a change of less than one percent (1%) to the Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer such adjustment, except
that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would result in a change of at least one percent (1%) to the Conversion Rate; (ii) the
Conversion Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; (iv) the date the Company calls any Notes for Redemption; and (v) the
ninety-fifth (95th) Scheduled Trading Day immediately before the Maturity Date. 
 (D) Adjustments Not Yet Effective.
Notwithstanding anything to the contrary in this Indenture or the Notes, if: 
 (i) a Note is to be converted pursuant to
Physical Settlement or Combination Settlement; 
 (ii) the record date, effective date or Expiration Time for any event that
requires an adjustment to the Conversion Rate pursuant to Section 5.05(A) has occurred on or before the Conversion Date for such conversion (in the case of Physical Settlement) or on or before any VWAP Trading Day in the Observation
Period for such conversion (in the case of Combination Settlement), but an adjustment to the Conversion Rate for such event has not yet become effective as of such Conversion Date or VWAP Trading Day, as applicable; 

(iii) the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due in respect of such VWAP
Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock; and 
 (iv) such shares are
not entitled to participate in such event (because they were not held on the related record date or otherwise), 
 then, solely for purposes of such
conversion, the Company will, without duplication, give effect to such adjustment on such Conversion Date (in the case of Physical Settlement) or such VWAP Trading Day (in the case of Combination Settlement). In such case, if the date on which the
Company is otherwise required to deliver the consideration due upon such conversion is before the first date on which the amount of such adjustment can be determined, then the Company will delay the settlement of such conversion until the second
(2nd) Business Day after such first date. 
 (E) Conversion Rate Adjustments where Converting Holders Participate in the Relevant
Transaction or Event. Notwithstanding anything to the contrary in this Indenture or the Notes, if: 
 (i) a Conversion
Rate adjustment for any dividend or distribution becomes effective on any Ex-Dividend Date pursuant to Section 5.05(A); 

(ii) a Note is to be converted pursuant to Physical Settlement or Combination Settlement; 

  

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 (iii) the Conversion Date for such conversion (in the case of Physical
Settlement) or any VWAP Trading Day in the Observation Period for such conversion (in the case of Combination Settlement) occurs on or after such Ex-Dividend Date and on or before the related record date; 

(iv) the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due with respect to such
VWAP Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock based on a Conversion Rate that is adjusted for such dividend or distribution; and 

(v) such shares would be entitled to participate in such dividend or distribution (including pursuant to Section
5.02(C)), 
 then (x) in the case of Physical Settlement, such Conversion Rate adjustment will not be given effect for such conversion, and the
shares of Common Stock issuable upon such conversion based on such unadjusted Conversion Rate will be entitled to participate in such dividend or distribution; and (y) in the case of Combination Settlement, the Conversion Rate adjustment
relating to such Ex-Dividend Date will be made for such conversion in respect of such VWAP Trading Day, but the shares of Common Stock issuable with respect to such VWAP Trading Day based on such adjusted Conversion Rate will not be entitled to
participate in such dividend or distribution. 
 (F) Stockholder Rights Plans. If any shares of Common Stock are to be issued upon
conversion of any Note and, at the time of such conversion, the Company has in effect any stockholder rights plan, then the Holder of such Note will be entitled to receive, in addition to, and concurrently with the delivery of, the Conversion
Consideration otherwise payable under this Indenture upon such conversion, the rights set forth in such stockholder rights plan, unless such rights have separated from the Common Stock at such time, in which case, and only in such case, the
Conversion Rate will be adjusted pursuant to Section 5.05(A)(iii)(1) on account of such separation as if, at the time of such separation, the Company had made a distribution of the type referred to in such Section to all holders of the
Common Stock, subject to readjustment in accordance with such Section if such rights expire, terminate or are redeemed. 
 (G) Limitation
on Effecting Transactions Resulting in Certain Adjustments. The Company will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or
Section 5.07 to an amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock. 

(H) Equitable Adjustments to Prices. Whenever any provision of this Indenture requires the Company to calculate the average of the Last
Reported Sale Prices, or any function thereof, over a period of multiple days (including to calculate the Stock Price or an adjustment to the Conversion Rate), or to calculate Daily VWAPs over an Observation Period, the Company will make
proportionate adjustments, if any, to such calculations to account for any adjustment to the Conversion Rate pursuant to Section 5.05(A)(i) that becomes effective, or any event requiring such an adjustment to the Conversion Rate where
the Ex-Dividend Date or effective date, as applicable, of such event occurs, at any time during such period or Observation Period, as applicable. 

  

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 (I) Calculation of Number of Outstanding Shares of Common Stock. For purposes of
Section 5.05(A), the number of shares of Common Stock outstanding at any time will (i) include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock; and (ii) exclude shares of
Common Stock held in the Company’s treasury (unless the Company pays any dividend or makes any distribution on shares of Common Stock held in its treasury). 

(J) Calculations. All calculations with respect to the Conversion Rate and adjustments thereto will be made to the nearest 1/10,000th
of a share of Common Stock (with 5/100,000ths rounded upward). 
 (K) Notice of Conversion Rate Adjustments. Upon the effectiveness
of any adjustment to the Conversion Rate pursuant to Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Conversion Agent containing (i) a brief description of the transaction or other event on
account of which such adjustment was made; (ii) the Conversion Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment. In the absence of such a notice, each of the Trustee and the Conversion Agent
may assume without inquiry that the Conversion Rate has not been adjusted and that the last Conversion Rate of which it has knowledge remains in effect 

(L) Compliance with Stock Exchange Listing Standards. Notwithstanding anything to the contrary, the Company will not engage in any
transaction, or take any action, that would require an increase to the Conversion Rate pursuant to Section 5.05 without complying with the applicable stockholder approval rules of The Nasdaq Global Market. 

Section 5.06. VOLUNTARY ADJUSTMENTS. 

(A) Generally. To the extent permitted by law and applicable stock exchange rules, the Company, from time to time, may (but is not
required to) increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is either (x) in the best interest of the Company; or (y) advisable to avoid or diminish any income tax imposed on
holders of Common Stock or rights to purchase Common Stock as a result of any dividend or distribution of shares (or rights to acquire shares) of Common Stock or any similar event; (ii) such increase is in effect for a period of at least twenty
(20) Business Days; and (iii) such increase is irrevocable during such period. 
 (B) Notice of Voluntary Increases. If the
Board of Directors determines to increase the Conversion Rate pursuant to this Section 5.06, then, at least fifteen (15) Business Days before such increase, the Company will send notice to each Holder of such increase, the amount
thereof and the period during which such increase will be in effect. 

  

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 Section 5.07. ADJUSTMENTS TO
THE CONVERSION RATE IN CONNECTION WITH A MAKE-WHOLE FUNDAMENTAL CHANGE. 

(A) Generally. If a Make-Whole Fundamental Change occurs and the Conversion Date for the conversion of a Note occurs during the related
Make-Whole Fundamental Change Conversion Period, then, subject to this Section 5.07, the Conversion Rate applicable to such conversion will be increased by a number of shares (the “Additional Shares”) set forth in the table
below corresponding (after interpolation as provided in, and subject to, the provisions below) to the effective date and the Stock Price of such Make-Whole Fundamental Change: 

 

																																																					
	 	  	  
	 	  	Stock Price	 
	 Effective Date
	  	$16.02	 	  	$17.00	 	  	$18.00	 	  	$19.22	 	  	$22.00	 	  	$25.00	 	  	$28.83	 	  	$45.00	 	  	$60.00	 	  	$75.00	 	  	$90.00	 	  	$105.00	 	  	$125.00	 
	 November 15, 2018
	  	 	10.4036	 	  	 	10.4036	 	  	 	10.4036	 	  	 	10.2836	 	  	 	7.2386	 	  	 	4.9296	 	  	 	3.0097	 	  	 	0.8380	 	  	 	0.4965	 	  	 	0.3036	 	  	 	0.1753	 	  	 	0.0837	 	  	 	0.0000	 
	 November 15, 2019
	  	 	10.4036	 	  	 	10.4036	 	  	 	10.4036	 	  	 	9.6748	 	  	 	6.6805	 	  	 	4.3388	 	  	 	2.0905	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 November 15, 2020
	  	 	10.4036	 	  	 	10.4036	 	  	 	10.4036	 	  	 	8.9475	 	  	 	6.0605	 	  	 	3.9228	 	  	 	1.9043	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 November 15, 2021
	  	 	10.4036	 	  	 	10.0857	 	  	 	9.7678	 	  	 	7.9017	 	  	 	5.0673	 	  	 	3.2248	 	  	 	1.5914	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 November 15, 2022
	  	 	10.4036	 	  	 	9.5663	 	  	 	8.7289	 	  	 	6.4631	 	  	 	3.4145	 	  	 	1.9936	 	  	 	1.0420	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 
	 November 15, 2023
	  	 	10.4036	 	  	 	6.8052	 	  	 	3.5373	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 

 If such effective date or Stock Price is not set forth in the table above, then: 

(i) if such Stock Price is between two Stock Prices in the table above or the effective date is between two dates in the table
above, then the number of Additional Shares will be determined by a straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock Prices in the table and the earlier and later dates in the table above,
as applicable, based on a 365- or 366-day year, as applicable; and 
 (ii) if the Stock Price is greater than $125.00
(subject to adjustment in the same manner as the Stock Prices set forth in the column headings of the table above are adjusted pursuant to Section 5.07(B)), or less than $16.02 (subject to adjustment in the same manner), per share, then
no Additional Shares will be added to the Conversion Rate. 
 Notwithstanding anything to the contrary in this Indenture or the Notes, in no
event will the Conversion Rate be increased to an amount that exceeds 62.4219 shares of Common Stock per $1,000 principal amount of Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same events for
which, the Conversion Rate is required to be adjusted pursuant to Section 5.05(A). 
 (B) Adjustment of Stock Prices and
Additional Shares. The Stock Prices in the first row (i.e., the column headers) of the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the
Conversion Price is adjusted as a result of the operation of Section 5.05(A). The numbers of Additional Shares in the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the
same events for which, the Conversion Rate is adjusted pursuant to Section 5.07(A). 
 (C) Notice of the Occurrence of a
Make-Whole Fundamental Change. The Company will notify the Holders, the Trustee and the Conversion Agent of each Make-Whole Fundamental Change occurring pursuant to clause (A) of the definition thereof in accordance with Section
5.01(C)(i)(3)(b). 
 (D) Settlement of Cash Make-Whole Fundamental Changes. For the avoidance of doubt, if holders of Common
Stock receive solely cash in a Make-Whole Fundamental Change, then, pursuant to Section 5.09, conversions of Notes will thereafter be settled no later than the second (2nd) Business Day after the relevant Conversion Date. 

  

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 SECTION 5.08. [RESERVED]. 

SECTION 5.09. EFFECT OF COMMON STOCK
CHANGE EVENT. 
 (A) Generally. If there occurs any: 

(i) recapitalization, reclassification or change of the Common Stock (other than (x) changes solely resulting from a
subdivision or combination of the Common Stock, (y) a change only in par value or from par value to no par value or no par value to par value and (z) stock splits and stock combinations that do not involve the issuance of any other series
or class of securities); 
 (ii) consolidation, merger, combination or binding or statutory share exchange involving the
Company; or 
 (iii) sale, lease or other transfer of all or substantially all of the assets of the Company and its
Subsidiaries, taken as a whole, to any Person, 
 and, as a result of which, the Common Stock is converted into, or is exchanged for, or represents solely
the right to receive, other securities, cash or other property, or any combination of the foregoing (such an event, a “Common Stock Change Event,” and such other securities, cash or property, the “Reference
Property,” and the amount and kind of Reference Property that a holder of one (1) share of Common Stock would be entitled to receive on account of such Common Stock Change Event (without giving effect to any arrangement not to issue or
deliver a fractional portion of any security or other property), a “Reference Property Unit”), then, notwithstanding anything to the contrary in this Indenture or the Notes, 

(1) from and after the effective time of such Common Stock Change Event, (I) the Conversion Consideration due upon
conversion of any Note, and the conditions to any such conversion, will be determined in the same manner as if each reference to any number of shares of Common Stock in this Article 5 (or in any related definitions) were instead a reference
to the same number of Reference Property Units; (II) for purposes of Section 4.03, each reference to any number of shares of Common Stock in such Section (or in any related definitions) will instead be deemed to be a reference to the
same number of Reference Property Units; and (III) for purposes of the definition of “Fundamental Change” and “Make-Whole Fundamental Change,” the terms “Common Stock” and “common equity” will be deemed to
mean the common equity (including depositary receipts representing common equity), if any, forming part of such Reference Property; 

(2) if such Reference Property Unit consists entirely of cash, then the Company will be deemed to elect Physical Settlement in
respect of all conversions whose Conversion Date occurs on or after the effective date of such Common Stock Change Event and will pay the cash due upon such conversions no later than the tenth (10th) Business Day after the relevant Conversion
Date; and 
 (3) for these purposes, the Daily VWAP or Last Reported Sale Price of any Reference Property Unit or portion
thereof that does not consist of a class of securities will be the fair value of such Reference Property Unit or portion thereof, as applicable, determined in good faith by the Company (or, in the case of cash denominated in U.S. dollars, the face
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 If the Reference Property consists of more than a single type of consideration to be
determined based in part upon any form of stockholder election, then the composition of the Reference Property Unit will be deemed to be the weighted average of the types and amounts of consideration actually received, per share of Common Stock, by
the holders of Common Stock. The Company will notify Holders of such weighted average as soon as practicable after such determination is made. 

At or before the effective time of such Common Stock Change Event, the Company and the resulting, surviving or transferee Person (if not the
Company) of such Common Stock Change Event (the “Successor Person”) will execute and deliver to the Trustee a supplemental indenture pursuant to Section 8.01(F), which supplemental indenture will (x) provide for
subsequent conversions of Notes in the manner set forth in this Section 5.09; (y) provide for subsequent adjustments to the Conversion Rate pursuant to Section 5.07(A) in a manner consistent with this
Section 5.09; and (z) contain such other provisions as the Company reasonably determines are appropriate to preserve the economic interests of the Holders and to give effect to the provisions of this Section 5.09(A). If
the Reference Property includes shares of stock or other securities or assets of a Person other than the Successor Person, then such other Person will also execute such supplemental indenture and such supplemental indenture will contain such
additional provisions the Company reasonably determines are appropriate to preserve the economic interests of the Holders. 
 (B)
Notice of Common Stock Change Events. The Company will provide notice of each Common Stock Change Event in the manner provided in Section 5.01(C)(i)(3)(b). 

(C) Compliance Covenant. The Company will not become a party to any Common Stock Change Event unless its terms are consistent with this
Section 5.09. 
 Article 6. SUCCESSORS 

Section 6.01. WHEN THE COMPANY MAY MERGE,
ETC. 
 (A) Generally. The Company will not consolidate with or merge with or into, or sell,
lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to another Person (a “Business Combination Event”),
unless: 
 (i) the resulting, surviving or transferee Person either (x) is the Company or (y) if not the
Company, is a corporation (the “Successor Corporation”) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that expressly assumes (by executing and delivering to
the Trustee, at or before the effective time of such Business Combination Event, a supplemental indenture pursuant to Section 8.01(E)) all of the Company’s obligations under this Indenture and the Notes; and 

  

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 (ii) immediately after giving effect to such Business Combination Event, no
Default or Event of Default will have occurred and be continuing. 
 (B) Delivery of Officer’s Certificate and Opinion
of Counsel to the Trustee. Before the effective time of any Business Combination Event, the Company will deliver to the Trustee an Officer’s Certificate and Opinion of Counsel, each stating that (i) such Business Combination
Event (and, if applicable, the related supplemental indenture) comply with Section 6.01(A); and (ii) all conditions precedent to such Business Combination Event provided in this Indenture have been satisfied. 

Section 6.02. SUCCESSOR CORPORATION SUBSTITUTED. 

At the effective time of any Business Combination Event that complies with Section 6.01, the Successor Corporation (if not the
Company) will succeed to, and may exercise every right and power of, the Company under this Indenture and the Notes with the same effect as if such Successor Corporation had been named as the Company in this Indenture and the Notes, and, except in
the case of a lease, the predecessor Company will be discharged from its obligations under this Indenture and the Notes. 
 
Article 7. DEFAULTS AND REMEDIES 
 Section 7.01. EVENTS OF
DEFAULT. 
 (A) Definition of Events of Default. “Event of Default” means the occurrence of any of the
following: 
 (i) a default in the payment when due (whether at maturity, upon Redemption or Repurchase Upon Fundamental
Change or otherwise) of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, any Note; 

(ii) a default in the payment when due of interest on any Note that continues for thirty (30) days; 

(iii) the Company’s failure to deliver, when required by this Indenture, a Fundamental Change Notice, or a notice pursuant
to Section 5.01(C)(i)(3); 
 (iv) a default in the Company’s obligation to convert a Note in accordance with
Article 5 upon the exercise of the conversion right with respect thereto; 
 (v) a default in the Company’s obligations
under Article 6; 
 (vi) a default in any of the Company’s obligations or agreements under this Indenture or the Notes
(other than a default set forth in clause (i), (ii), (iii), (iv) or (v) of this Section 7.01(A)) where such default is not cured or waived within sixty (60) days after notice to the Company by the Trustee, or to
the Company and the Trustee by Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, which notice must specify such default, demand that it be remedied and state that such notice is a
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 (vii) a default by the Company or any of its Subsidiaries with respect to
any one or more mortgages, agreements or other instruments under which there is outstanding, or by which there is secured or evidenced, any indebtedness for money borrowed of at least fifteen-million dollars ($15,000,000) (or its foreign currency
equivalent) in the aggregate of the Company or any of its Subsidiaries, whether such indebtedness exists as of the Issue Date or is thereafter created, where such default: 

(1) constitutes a failure to pay the principal of such indebtedness when due and payable at its stated maturity, upon required
repurchase, upon declaration of acceleration or otherwise, in each case after the expiration of any applicable grace period; or 

(2) results in such indebtedness becoming or being declared due and payable before its stated maturity, 

unless, in each case, such principal is paid (or the indebtedness with respect thereto is discharged) or such payment of such principal is
waived or is otherwise no longer due and payable or such acceleration is rescinded or annulled, in which case the Event of Default by reason of the failure to pay such principal when due will (unless the Notes have theretofore been accelerated) be
deemed not to have occurred; 
 (viii) one or more final judgments being rendered against the Company or any of its
Subsidiaries for the payment of at least twenty-five-million dollars ($25,000,000) (or its foreign currency equivalent) in the aggregate (excluding any amounts covered by insurance), where such judgment is not discharged or stayed within sixty
(60) days after (i) the date on which the right to appeal the same has expired, if no such appeal has commenced; or (ii) the date on which all rights to appeal have been extinguished; 

(ix) the Company or any of its Significant Subsidiaries, pursuant to or within the meaning of any Bankruptcy Law, either: 

(1) commences a voluntary case or proceeding; 

(2) consents to the entry of an order for relief against it in an involuntary case or proceeding; 

(3) consents to the appointment of a custodian of it or for any substantial part of its property; 

(4) makes a general assignment for the benefit of its creditors; 

(5) takes any comparable action under any foreign Bankruptcy Law; or 

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 (x) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law
that either: 
 (1) is for relief against Company or any of its Significant Subsidiaries in an involuntary case or
proceeding; 
 (2) appoints a custodian of the Company or any of its Significant Subsidiaries, or for any substantial part of
the property of the Company or any of its Significant Subsidiaries; 
 (3) orders the winding up or liquidation of the
Company or any of its Significant Subsidiaries; or 
 (4) grants any similar relief under any foreign Bankruptcy Law, 

and, in each case under this Section 7.01(A)(x), such order or decree remains unstayed and in effect for at least sixty
(60) days. 
 (B) Cause Irrelevant. Each of the events set forth in Section 7.01(A) will
constitute an Event of Default regardless of the cause thereof or whether voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body. 
 Section 7.02. ACCELERATION. 

(A) Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in
Section 7.01(A)(ix) or 7.01(A)(x) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the principal amount of, and all accrued and unpaid interest on, all of the Notes
then outstanding will immediately become due and payable without any further action or notice by any Person. 
 (B)
Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company and not solely with
respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by written notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by
notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately. 

(C) Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture or the Notes, the Holders of a majority in
aggregate principal amount of the Notes then outstanding, by notice to the Company and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its consequences if (i) such rescission would not conflict with any
judgment or decree of a court of competent jurisdiction; and (ii) all existing Events of Default (except the non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or
waived. No such rescission will affect any subsequent Default or impair any right consequent thereto. 

  

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 Section 7.03. SOLE REMEDY
FOR A FAILURE TO REPORT. 
 (A)
Generally. Notwithstanding anything to the contrary in this Indenture or the Notes, the Company may elect that the sole remedy for any Event of Default (a “Reporting Event of Default”) pursuant to
Section 7.01(A)(vi) arising from the Company’s failure to comply with Section 3.02 will, for each of the first one hundred and eighty (180) calendar days on which a Reporting Event of Default has occurred and is
continuing, consist exclusively of the accrual of Special Interest on the Notes. If the Company has made such an election, then (i) the Notes will be subject to acceleration pursuant to Section 7.02 on account of the relevant
Reporting Event of Default from, and including, the one hundred and eighty first (181st) calendar day on which a Reporting Event of Default has occurred and is continuing or if the Company fails to pay any accrued and unpaid Special Interest
when due; and (ii) Special Interest will cease to accrue on any Notes from, and including, such one hundred and eighty first (181st) calendar day (it being understood that interest on any defaulted Special Interest will nonetheless accrue
pursuant to Section 2.05(B)). 
 (B) Amount and Payment of Special Interest. Any Special Interest
that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the
principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof. Special Interest will accrue at the rates
set forth in the preceding sentence during the continuance of a reporting Event of Default regardless of the number of reporting Events of Default giving rise to the accrual of Special Interest. For the avoidance of doubt, any Special Interest that
accrues on a Note will be in addition to the Stated Interest that accrues on such Note and in addition to any Additional Interest that accrues on such Note. 

(C) Notice of Election. To make the election set forth in Section 7.03(A), the Company must send to
the Holders, the Trustee and the Paying Agent, on or before the date on which each Reporting Event of Default first occurs, a notice that (i) briefly describes the report(s) that the Company failed to file with the SEC; (ii) states that
the Company is electing that the sole remedy for such Reporting Event of Default consist of the accrual of Special Interest; and (iii) briefly describes the periods during which and rate at which Special Interest will accrue and the
circumstances under which the Notes will be subject to acceleration on account of such Reporting Event of Default. 
 (D)
Notice to Trustee and Paying Agent; Trustee’s Disclaimer. If Special Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Special Interest is to be paid, the Company will deliver an
Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Special Interest on such Note on such date of payment; and (ii) the amount of such Special Interest that is payable on such
date of payment. The Trustee will have no duty to determine whether any Special Interest is payable or the amount thereof. 

(E) No Effect on Other Events of Default. No election pursuant to this Section 7.03 with respect to a
Reporting Event of Default will affect the rights of any Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default. 

  

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 Section 7.04. OTHER REMEDIES. 

(A) Trustee May Pursue All Remedies. If an Event of Default occurs and is continuing, then the Trustee may pursue any available remedy
to collect the payment of any amounts due with respect to the Notes or to enforce the performance of any provision of this Indenture or the Notes. 

(B) Procedural Matters. The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of
them in such proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy following an Event of Default will not impair the right or remedy or constitute a waiver of, or acquiescence in, such Event of Default. All
remedies will be cumulative to the extent permitted by law. 
 Section 7.05. WAIVER OF
PAST DEFAULTS. 
 An Event of Default pursuant to clause (i), (ii), (iv) or
(vi) of Section 7.01(A) (that, in the case of clause (vi) only, results from a Default under any covenant that cannot be amended without the consent of each affected Holder), and a Default that could lead to such
an Event of Default, can be waived only with the consent of each affected Holder. Each other Default or Event of Default may be waived, on behalf of all Holders, by the Holders of a majority in aggregate principal amount of the Notes then
outstanding. If an Event of Default is so waived, then it will cease to exist. If a Default is so waived, then it will be deemed to be cured and any Event of Default arising therefrom will be deemed not to occur. However, no such waiver will extend
to any subsequent or other Default or Event of Default or impair any right arising therefrom. 
 Section 7.06.
CONTROL BY MAJORITY. 
 Holders of a majority in aggregate principal amount of the Notes
then outstanding may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that
conflicts with law, this Indenture or the Notes, or that, subject to Section 10.01, the Trustee determines may be unduly prejudicial to the rights of other Holders or may involve the Trustee in liability, unless the Trustee is offered
security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction. 

Section 7.07. LIMITATION ON SUITS. 

No Holder may pursue any remedy with respect to this Indenture or the Notes (except to enforce (x) its rights to receive the principal
of, or the Redemption Price or Fundamental Change Repurchase Price for, or interest on, any Notes; or (y) the Company’s obligations to convert any Notes pursuant to Article 5), unless: 

(A) such Holder has previously delivered to the Trustee notice that an Event of Default is continuing; 

(B) Holders of at least twenty five percent (25%) in aggregate principal amount of the Notes then outstanding deliver a request to the
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 (C) such Holder or Holders offer and, if requested, provide to the Trustee security and
indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such request; 

(D) the Trustee does not comply with such request within sixty (60) calendar days after its receipt of such request and such offer of
security or indemnity; and 
 (E) during such sixty (60) calendar day period, Holders of a majority in aggregate principal amount of
the Notes then outstanding do not deliver to the Trustee a direction that is inconsistent with such request. 
 A Holder of a Note may not
use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. The Trustee will have no duty to determine whether any Holder’s use of this Indenture complies with the preceding sentence.

 Section 7.08. ABSOLUTE RIGHT OF HOLDERS
TO INSTITUTE SUIT FOR THE ENFORCEMENT OF THE RIGHT TO RECEIVE PAYMENT
AND CONVERSION CONSIDERATION. 
 Notwithstanding anything to the contrary in this Indenture
or the Notes, the right of each Holder of a Note to bring suit for the enforcement of any payment or delivery, as applicable, of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or any interest on, or the
Conversion Consideration due pursuant to Article 5 upon conversion of, such Note on or after the respective due dates therefor provided in this Indenture and the Notes, will not be impaired or affected without the consent of such Holder. 

Section 7.09. COLLECTION SUIT BY TRUSTEE. 

The Trustee will have the right, upon the occurrence and continuance of an Event of Default pursuant to clause (i), (ii) or
(iv) of Section 7.01(A), to recover judgment in its own name and as trustee of an express trust against the Company for the total unpaid or undelivered principal of, or Redemption Price or Fundamental Change Repurchase Price
for, or interest on, or Conversion Consideration due pursuant to Article 5 upon conversion of, the Notes, as applicable, and, to the extent lawful, any Default Interest on any Defaulted Amounts, and such further amounts sufficient to cover
the costs and expenses of collection, including compensation provided for in Section 10.06. 

Section 7.10. TRUSTEE MAY FILE PROOFS OF
CLAIM. 
 The Trustee has the right to (A) file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes) or its creditors or property and (B) collect, receive and
distribute any money or other property payable or deliverable on any such claims. Each Holder authorizes any custodian in such proceeding to make such payments to the Trustee, and, if the Trustee consents to the making of such payments directly to
the Holders, to pay to the Trustee any amount due to the Trustee for the reasonable compensation, expenses, disbursements and advances of the Trustee, and its agents and counsel, and any other amounts payable to the Trustee pursuant to
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payment of any such compensation, expenses, disbursements, advances and other amounts out of the estate in such proceeding, is denied for any reason, payment of the same will be secured by a lien
on, and will be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding (whether in liquidation or under any plan of reorganization or arrangement or
otherwise). Nothing in this Indenture will be deemed to authorize the Trustee to authorize, consent to, accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of
any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 7.11. PRIORITIES. 

The Trustee will pay or deliver in the following order any money or other property that it collects pursuant to this Article 7: 

First: to the Trustee, the Note Agents, and each of their respective agents and attorneys for amounts due under
Section 10.06, including payment of all fees, compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to Holders for unpaid amounts or other property due on the Notes, including the principal of, or the Redemption
Price or Fundamental Change Repurchase Price for, or any interest on, or any Conversion Consideration due upon conversion of, the Notes, ratably, and without preference or priority of any kind, according to such amounts or other property due and
payable on all of the Notes; and 
 Third: to the Company or such other Person as a court of competent jurisdiction
directs. 
 The Trustee may fix a record date and payment date for any payment or delivery to the Holders pursuant to this
Section 7.11, in which case the Trustee will instruct the Company to, and the Company will, deliver, at least fifteen (15) calendar days before such record date, to each Holder and the Trustee a notice stating such record date, such
payment date and the amount of such payment or nature of such delivery, as applicable. 
 Section 7.12.
UNDERTAKING FOR COSTS. 
 In any suit for the enforcement of any right or remedy under this
Indenture or the Notes or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court, in its discretion, may (A) require the filing by any litigant party in such suit of an undertaking to pay the costs of such
suit, and (B) assess reasonable costs (including reasonable attorneys’ fees) against any litigant party in such suit, having due regard to the merits and good faith of the claims or defenses made by such litigant party; provided,
however, that this Section 7.12 does not apply to any suit by the Trustee, any suit by a Holder pursuant to Section 7.08 or any suit by one or more Holders of more than ten percent (10%) in aggregate principal
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 Article 8. AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 8.01. WITHOUT THE CONSENT OF
HOLDERS. 
 Notwithstanding anything to the contrary in Section 8.02, the Company and the Trustee may amend or
supplement this Indenture or the Notes without the consent of any Holder to: 
 (A) cure any ambiguity or correct any omission, defect or
inconsistency in this Indenture or the Notes, as evidenced by an Officer’s Certificate; 
 (B) add guarantees with respect to the
Company’s obligations under this Indenture or the Notes; 
 (C) secure the Notes; 

(D) add to the Company’s covenants or Events of Default for the benefit of the Holders or surrender any right or power conferred on the
Company; 
 (E) provide for the assumption of the Company’s obligations under this Indenture and the Notes pursuant to, and in
compliance with, Article 6; 
 (F) enter into supplemental indentures pursuant to, and in accordance with, Section 5.09
in connection with a Common Stock Change Event; 
 (G) irrevocably elect or eliminate any Settlement Method or Specified Dollar Amount;
provided, however, that no such election or elimination will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note pursuant to Section 5.03(A); 

(H) evidence or provide for the acceptance of the appointment, under this Indenture, of a successor Trustee; 

(I) conform the provisions of this Indenture and the Notes to the “Description of Notes” section of the Company’s preliminary
offering memorandum, dated November 8, 2018, as supplemented by the related pricing term sheet, dated November 8, 2018, as evidenced by an Officer’s Certificate; 

(J) provide for or confirm the issuance of additional Notes pursuant to Section 2.03(B); 

(K) comply with any requirement of the SEC in connection with any qualification of this Indenture or any supplemental indenture under the
Trust Indenture Act, as then in effect; or 
 (L) make any other change to this Indenture or the Notes that does not, individually or in the
aggregate with all other such changes, adversely affect the rights of the Holders, as such, in any material respect. 
 At the written
request of any Holder of a Note or owner of a beneficial interest in a Global Note, the Company will provide a copy of the “Description of Notes” section and pricing term sheet referred to in (I). 

  

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 Section 8.02. WITH THE
CONSENT OF HOLDERS. 
 (A) Generally. Subject to Sections 8.01, 7.05
and 7.08 and the immediately following sentence, the Company and the Trustee may, with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding, amend or supplement this Indenture or the Notes or
waive compliance with any provision of this Indenture or the Notes. Notwithstanding anything to the contrary in the foregoing sentence, but subject to subject to Section 8.01, without the consent of each affected Holder, no amendment or
supplement to this Indenture or the Notes, or waiver of any provision of this Indenture or the Notes, may: 
 (i) reduce the
principal, or extend the stated maturity, of any Note; 
 (ii) reduce the Redemption Price or Fundamental Change Repurchase
Price for any Note or change the times at which, or the circumstances under which, the Notes may or will be redeemed or repurchased by the Company; 

(iii) reduce the rate, or extend the time for the payment, of interest on any Note; 

(iv) make any change that adversely affects the conversion rights of any Note; 

(v) impair the rights of any Holder set forth in Section 7.08 (as such section is in effect on the Issue Date);

 (vi) change the ranking of the Notes; 

(vii) make any note payable in money, or at a place of payment, other than that stated in this Indenture or the Note; 

(viii) reduce the amount of Notes whose Holders must consent to any amendment, supplement, waiver or other modification; or

 (ix) make any direct or indirect change to any amendment, supplement, waiver or modification provision of this Indenture
or the Notes that requires the consent of each affected Holder. 
 For the avoidance of doubt, pursuant to clauses (i), (ii),
(iii) and (iv) of this Section 8.02(A), no amendment or supplement to this Indenture or the Notes, or waiver of any provision of this Indenture or the Notes, may change the amount or type of consideration due on
any Note (whether on an Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or the Maturity Date or upon conversion, or otherwise), or the date(s) or time(s) such consideration is payable or deliverable, as applicable, without
the consent of each affected Holder. 
 (B) Holders Need Not Approve the Particular Form of any Amendment. A consent of any Holder
pursuant to this Section 8.02 need approve only the substance, and not necessarily the particular form, of the proposed amendment, supplement or waiver. 

  

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 Section 8.03. NOTICE OF
AMENDMENTS, SUPPLEMENTS AND WAIVERS. 
 Promptly after any amendment,
supplement or waiver pursuant to Section 8.01 or 8.02 becomes effective, the Company will (or, in the case of an amendment or supplement pursuant to Section 8.01(I), the Company may, at its election) send to the
Holders and the Trustee notice that (A) describes the substance of such amendment, supplement or waiver in reasonable detail and (B) states the effective date thereof. The failure to send, or the existence of any defect in, such notice
will not impair or affect the validity of such amendment, supplement or waiver. 
 Section 8.04.
REVOCATION, EFFECT AND SOLICITATION OF CONSENTS; SPECIAL RECORD DATES; ETC. 

(A) Revocation and Effect of Consents. The consent of a Holder of a Note to an amendment, supplement or waiver will bind (and constitute
the consent of) each subsequent Holder of any Note to the extent the same evidences any portion of the same indebtedness as the consenting Holder’s Note, subject to the right of any Holder of a Note to revoke (if not prohibited pursuant to
Section 8.04(B)) any such consent with respect to such Note by delivering notice of revocation to the Trustee before the time such amendment, supplement or waiver becomes effective. 

(B) Special Record Dates. The Company may, but is not required to, fix a record date for the purpose of
determining the Holders entitled to consent or take any other action in connection with any amendment, supplement or waiver pursuant to this Article 8. If a record date is fixed, then, only Persons who are Holders as of such record date (or
their duly designated proxies) will be entitled to give such consent, to revoke any consent previously given or to take any such action, regardless of whether such Persons continue to be Holders after such record date; provided,
however, that no such consent will be valid or effective for more than one hundred and twenty (120) calendar days after such record date. 

(C) Solicitation of Consents. For the avoidance of doubt, each reference in this Indenture or the Notes to the consent of a
Holder will be deemed to include any such consent obtained in connection with a repurchase of, or tender or exchange offer for, any Notes. 

(D) Effectiveness and Binding Effect. Each amendment, supplement or waiver pursuant to this Article 8 will become effective in
accordance with its terms and, when it becomes effective with respect to any Note (or any portion thereof), will thereafter bind every Holder of such Note (or such portion). 

Section 8.05. NOTATIONS AND EXCHANGES. 

If any amendment, supplement or waiver changes the terms of a Note, then the Trustee or the Company may, in its discretion, require the Holder
of such Note to deliver such Note to the Trustee so that the Trustee may place an appropriate notation prepared by the Company on such Note and return such Note to such Holder. Alternatively, at its discretion, the Company may, in exchange for such
Note, issue, execute and deliver, and the Trustee will authenticate, in each case in accordance with Section 2.02, a new Note that reflects the changed terms. The failure to make any appropriate notation or issue a new Note pursuant to
this Section 8.05 will not impair or affect the validity of such amendment, supplement or waiver. 

  

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 Section 8.06. TRUSTEE TO
EXECUTE SUPPLEMENTAL INDENTURES. 
 The Trustee will execute and deliver any amendment or
supplemental indenture authorized pursuant to this Article 8; provided, however, that the Trustee need not (but may, in its sole and absolute discretion) execute or deliver any such amendment or supplemental indenture that
adversely affects the Trustee’s rights, duties, liabilities or immunities. In executing any amendment or supplemental indenture, the Trustee will receive, and (subject to Sections 10.01 and 10.02) will be fully protected in
relying on, an Officer’s Certificate and an Opinion of Counsel stating that (A) the execution and delivery of such amendment or supplemental indenture is authorized or permitted by this Indenture; and (B) in the case of the Opinion of
Counsel, such amendment or supplemental indenture is valid, binding and enforceable against the Company in accordance with its terms. 
 
Article 9. SATISFACTION AND DISCHARGE 
 Section 9.01. TERMINATION OF
COMPANY’S OBLIGATIONS. 
 This Indenture will be discharged, and will cease to be of
further effect as to all Notes issued under this Indenture, when: 
 (A) all Notes then outstanding (other than Notes replaced
pursuant to Section 2.13) have (i) been delivered to the Trustee for cancellation; or (ii) become due and payable (whether on a Redemption Date, a Fundamental Change Repurchase Date, the Maturity Date, upon conversion or
otherwise) for an amount of cash or Conversion Consideration, as applicable, that has been fixed; 
 (B) the Company has
caused there to be irrevocably deposited with the Trustee, or with the Paying Agent (or, with respect to Conversion Consideration, the Conversion Agent), in each case for the benefit of the Holders, or has otherwise caused there to be delivered to
the Holders, cash (or, with respect to Notes to be converted, Conversion Consideration) sufficient to satisfy all amounts or other property due on all Notes then outstanding (other than Notes replaced pursuant to Section 2.13); 

(C) the Company has paid all other amounts payable by it under this Indenture; and 

(D) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that the conditions
precedent to the discharge of this Indenture have been satisfied; 
 provided, however, that Article 10 and Section 11.01
will survive such discharge and, until no Notes remain outstanding, Section 2.15 and the obligations of the Trustee, the Paying Agent and the Conversion Agent with respect to money or other property deposited with them will survive such
discharge. 
 At the Company’s request, the Trustee will acknowledge the satisfaction and discharge of this Indenture. 

  

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 Section 9.02. REPAYMENT TO
COMPANY. 
 Subject to applicable unclaimed property law, the Trustee, the Paying Agent and the Conversion Agent will
promptly notify the Company if there exists (and, at the Company’s request, promptly deliver to the Company) any cash, Conversion Consideration or other property held by any of them for payment or delivery on the Notes that remain unclaimed two
(2) years after the date on which such payment or delivery was due. After such delivery to the Company, the Trustee, the Paying Agent and the Conversion Agent will have no further liability to any Holder with respect to such cash, Conversion
Consideration or other property, and Holders entitled to the payment or delivery of such cash, Conversion Consideration or other property must look to the Company for payment as a general creditor of the Company. 

Section 9.03. REINSTATEMENT. 

If the Trustee, the Paying Agent or the Conversion Agent is unable to apply any cash or other property deposited with it pursuant to
Section 9.01 because of any legal proceeding or any order or judgment of any court or other governmental authority that enjoins, restrains or otherwise prohibits such application, then the discharge of this Indenture pursuant to
Section 9.01 will be rescinded; provided, however, that if the Company thereafter pays or delivers any cash or other property due on the Notes to the Holders thereof, then the Company will be subrogated to the rights of
such Holders to receive such cash or other property from the cash or other property, if any, held by the Trustee, the Paying Agent or the Conversion Agent, as applicable. 

Article 10. TRUSTEE 

Section 10.01. DUTIES OF THE TRUSTEE. 

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

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

(i) the duties of the Trustee will be determined solely by the express provisions of this Indenture, and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others (including permissive rights), and no implied covenants or obligations will be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel that are provided to the Trustee and conform to the requirements of this Indenture. However, the Trustee will examine the
certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

  

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 (C) The Trustee may not be relieved from liabilities for its negligence or willful
misconduct, except that: 
 (i) this paragraph will not limit the effect of Section 10.01(B); 

(ii) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved
that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Trustee will not be liable with respect to
any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 7.06; and 

(iv) no provision of this Indenture will require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers. 
 (D) Each provision of
this Indenture that in any way relates to the Trustee is subject to paragraphs (A), (B) and (C) of this Section 10.01, regardless of whether such provision so expressly provides. 

(E) The Trustee will not be liable for interest on any money received by it, except as the Trustee may agree in writing with the Company.
Money held in trust by the Trustee need not be segregated from other funds, except to the extent required by law. 

Section 10.02. RIGHTS OF THE TRUSTEE. 

(A) The Trustee may conclusively rely on any document that it believes to be genuine and signed or presented by the proper Person, and the
Trustee need not investigate any fact or matter stated in such document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee determines to make such
further inquiry or investigation, it will be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and will incur no liability or additional liability of any kind by
reason of such inquiry or investigation. 
 (B) Before the Trustee acts or refrains from acting, it may require an Officer’s
Certificate, an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel; and the
written or verbal advice of such counsel, or any Opinion of Counsel, will constitute full and complete authorization of the Trustee to take or omit to take any action in good faith in reliance thereon without liability. 

(C) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any such agent
appointed with due care. 
 (D) The Trustee will not be liable for any action it takes or omits to take in good faith and that it believes
to be authorized or within the rights or powers vested in it by this Indenture. 

  

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 (E) Unless otherwise specifically provided in this Indenture, any demand, request, direction
or notice from the Company will be sufficient if signed by an Officer of the Company. 
 (F) The Trustee need not exercise any rights or
powers vested in it by this Indenture at the request or direction of any Holder unless such Holder has offered the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense that it may incur in complying with
such request or direction. 
 (G) The Trustee will not be responsible or liable for any punitive, special, indirect or consequential loss or
damage (including lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(H) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities hereunder and each Note Agent employed to act hereunder. 

(I) The Trustee will not be required to give any bond or surety in respect of the performance of its powers and duties hereunder. 

(J) Under no circumstances will the Trustee be liable in its individual capacity for the obligations evidenced by the Notes. 

Section 10.03. INDIVIDUAL RIGHTS OF THE
TRUSTEE. 
 The Trustee, in its individual or any other capacity, may become the owner or pledgee of any Note and may
otherwise deal with the Company or any of its Affiliates with the same rights that it would have if it were not Trustee; provided, however, that if the Trustee acquires a “conflicting interest” (within the meaning of
Section 310(b) of the Trust Indenture Act), then it must eliminate such conflict within ninety (90) days or resign as Trustee. Each Note Agent will have that same rights and duties as the trustee under this Section 10.03. 

Section 10.04. TRUSTEE’S DISCLAIMER. 

The Trustee will not be (A) responsible for, and makes no representation as to, the validity, adequacy or enforceability of this Indenture or the Notes;
(B) accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture; (C) responsible for the use or application of any money
received by any Paying Agent other than the Trustee; (D) responsible for any statement or recital in this Indenture, the Notes or any other document relating to the sale of the Notes or this Indenture, other than the Trustee’s certificate
of authentication; and (E) liable in its individual capacity for the obligations evidenced by the Notes. 

Section 10.05. NOTICE OF DEFAULTS. 

If a Default or Event of Default occurs and is continuing and is actually known to the Trustee, then the Trustee will send Holders a notice of
such Default or Event of Default within ninety (90) days after it occurs; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of, or interest on, any Note, the Trustee may
withhold such notice if and for so long as it in good faith determines that withholding such notice is in the interests of the Holders. 

  

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 Section 10.06. COMPENSATION AND
INDEMNITY. 
 (A) The Company will, from time to time, pay the Trustee compensation as agreed to by the Company and the
Trustee in writing for its acceptance of this Indenture and services under this Indenture. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. In addition to the compensation for the
Trustee’s services, the Company will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it under this Indenture, including the reasonable compensation, disbursements and
expenses of the Trustee’s agents and counsel. 
 (B) The Company will indemnify the Trustee against any and all costs, damages, losses,
liabilities, fees or expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including
reasonable counsel fees and expenses and court costs in connection with the enforcement of this Section 10.06) and defending itself against any claim (whether asserted by the Company, any Holder or any other Person) or liability in
connection with the exercise or performance of any of its powers or duties under this Indenture, except to the extent any such loss, liability or expense may be attributable to its negligence or willful misconduct, as finally adjudicated by a court
of competent jurisdiction. The Trustee will promptly notify the Company of any claim for which it may seek indemnity, but the Trustee’s failure to so notify the Company will not relieve the Company of its obligations under this
Section 10.06(B). The Company will defend such claim, and the Trustee will cooperate in such defense. If the Trustee is advised by counsel that it may have defenses available to it that are in conflict with the defenses available to the
Company, or that there is an actual or potential conflict of interest, then the Trustee may retain separate counsel, and the Company will pay the reasonable fees and expenses of such counsel (including the reasonable fees and expenses of counsel to
the Trustee incurred in evaluating whether such a conflict exists). The Company need not pay for any settlement of any such claim made without its consent, which consent will not be unreasonably withheld. 

(C) The obligations of the Company under this Section 10.06 will survive the resignation or removal of the Trustee and the
discharge of this Indenture. 
 (D) To secure the Company’s payment obligations in this Section 10.06, the Trustee
will have a lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, or interest on, particular Notes, which lien will survive the discharge of this Indenture. 

(E) If the Trustee incurs expenses or renders services after an Event of Default pursuant to clause (ix) or (x) of
Section 7.01(A) occurs, then such expenses and the compensation for such services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

  

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 Section 10.07. Replacement of the Trustee. 

(A) A resignation or removal of the Trustee, and the appointment of a successor Trustee, will become effective only upon such successor
Trustee’s acceptance of appointment as provided in this Section 10.07. 
 (B) The Trustee may resign at any time and be
discharged from the trust created by this Indenture by so notifying the Company. The Holders of a majority in aggregate principal amount of the Notes then outstanding may remove the Trustee upon 30 days written notice to the Trustee and the Company.
The Company may remove the Trustee if: 
 (i) the Trustee fails to comply with Section 10.09; 

(ii) the Trustee is adjudged to be bankrupt or insolvent or an order for relief is entered with respect to the Trustee under
any Bankruptcy Law; 
 (iii) a custodian or public officer takes charge of the Trustee or its property; or 

(iv) the Trustee becomes incapable of acting. 

(C) If the Trustee resigns or is removed, or if a vacancy exists in the office of Trustee for any reason, then (i) the Company will
promptly appoint a successor Trustee; and (ii) at any time within one (1) year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the Notes then outstanding may appoint a successor Trustee
to replace such successor Trustee appointed by the Company. 
 (D) If a successor Trustee does not take office within sixty (60) days
after the retiring Trustee resigns or is removed, then the retiring Trustee, the Company or the Holders of at least ten percent (10%) in aggregate principal amount of the Notes then outstanding may, at the expense of the Company, petition any
court of competent jurisdiction for the appointment of a successor Trustee. 
 (E) If the Trustee, after written request by a Holder of at
least six (6) months, fails to comply with Section 10.09, then such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(F) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company, upon which notice the
resignation or removal of the retiring Trustee will become effective and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will send notice of its succession to Holders. The
retiring Trustee will, upon payment of all amounts due to it under this Indenture, promptly transfer all property held by it as Trustee to the successor Trustee, which property will, for the avoidance of doubt, be subject to the lien provided for in
Section 10.06(D). 
 Section 10.08. SUCCESSOR TRUSTEE BY
MERGER, ETC. 
 If the Trustee consolidates, merges or converts into, or transfers all or substantially all
of its corporate trust business to, another corporation, then such corporation will become the successor Trustee without any further act. 

  

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 Section 10.09. ELIGIBILITY;
DISQUALIFICATION. 
 There will at all times be a Trustee under this Indenture that is a corporation organized and doing
business under the laws of the United States of America or of any state thereof, that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a
combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. 
 
Article 11. MISCELLANEOUS 
 Section 11.01. NOTICES. 

Any notice or communication by the Company or the Trustee to the other will be deemed to have been duly given if in writing and delivered in
person or by first class mail (registered or certified, return receipt requested), facsimile transmission, electronic transmission or other similar means of unsecured electronic communication or overnight air courier guaranteeing next day delivery,
or to the other’s address, which initially is as follows: 
 If to the Company: 

Omeros Corporation 

201 Elliott Avenue West 

Seattle, Washington 98119 

Attention: General Counsel 

with a copy (which will not constitute notice) to: 

Covington & Burling LLP 

One CityCenter 

850 Tenth Street, NW 

Washington, DC 20001-4956 

Attention: Kerry Shannon Burke 

If to the Trustee: 

Wells Fargo Bank, National Association 

600 S. 4th Street, 6th Floor 

Minneapolis, MN 55415 

Facsimile: 612-667-9825 

Attention: Barry Somrock/Omeros Corporation Administrator 

The Company or the Trustee, by notice to the other, may designate additional or different addresses (including facsimile numbers and
electronic addresses) for subsequent notices or communications. 

  

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 All notices and communications (other than those sent to Holders) will be deemed to have
been duly given: (A) at the time delivered by hand, if personally delivered; (B) five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; (C) when receipt acknowledged, if transmitted by facsimile,
electronic transmission or other similar means of unsecured electronic communication; and (D) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

All notices or communications required to be made to a Holder pursuant to this Indenture must be made in writing and will be deemed to be duly
sent or given in writing if mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to its address shown on the Register; provided, however, that a
notice or communication to a Holder of a Global Note may, but need not, instead be sent pursuant to the Depositary Procedures (in which case, such notice will be deemed to be duly sent or given in writing). The failure to send a notice or
communication to a Holder, or any defect in such notice or communication, will not affect its sufficiency with respect to any other Holder. 

If the Trustee is then acting as the Depositary’s custodian for the Notes, then, at the reasonable request of the Company to the Trustee,
the Trustee will cause any notice prepared by the Company to be sent to any Holder(s) pursuant to the Depositary Procedures, provided such request is evidenced in a Company Order delivered, together with the text of such notice, to the
Trustee at least two (2) Business Days before the date such notice is to be so sent. For the avoidance of doubt, such Company Order need not be accompanied by an Officer’s Certificate or Opinion of Counsel. The Trustee will not have any
liability relating to the contents of any notice that it sends to any Holder pursuant to any such Company Order. 
 If a notice or
communication is mailed or sent in the manner provided above within the time prescribed, it will be deemed to have been duly given, whether or not the addressee receives it. 

Notwithstanding anything to the contrary in this Indenture or the Notes, whenever any provision of this Indenture requires a party to send
notice to another party, no such notice need be sent if the sending party and the recipient are the same Person acting in different capacities. 
 
Section 11.02. DELIVERY OF OFFICER’S CERTIFICATE AND OPINION OF COUNSEL AS
TO CONDITIONS PRECEDENT. 
 Upon any request or application by the Company to the Trustee to
take any action under this Indenture, the Company will furnish to the Trustee: 
 (A) an Officer’s Certificate in form and substance
reasonably satisfactory to the Trustee that complies with Section 11.03 and states that, in the opinion of the signatory thereto, all conditions precedent and covenants, if any, provided for in this Indenture relating to such action have
been satisfied; and 
 (B) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee that complies with
Section 11.03 and states that, in the opinion of such counsel, all such conditions precedent and covenants, if any, have been satisfied. 

  

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 Section 11.03. STATEMENTS REQUIRED
IN OFFICER’S CERTIFICATE AND OPINION OF COUNSEL. 

Each Officer’s Certificate (other than an Officer’s Certificate pursuant to Section 3.05) or Opinion of Counsel with
respect to compliance with a covenant or condition provided for in this Indenture will include: 
 (A) a statement that the signatory
thereto has read such covenant or condition; 
 (B) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained therein are based; 
 (C) a statement that, in the opinion of such signatory, he, she or it has
made such examination or investigation as is necessary to enable him, her or it to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(D) a statement as to whether, in the opinion of such signatory, such covenant or condition has been satisfied. 

Section 11.04. RULES BY THE TRUSTEE, THE
REGISTRAR AND THE PAYING AGENT. 
 The Trustee may make
reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 11.05. NO PERSONAL LIABILITY OF
DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS. 
 No past,
present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under this Indenture or the Notes or for any claim based on, in respect of, or by reason
of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

Section 11.06. GOVERNING LAW; WAIVER OF
JURY TRIAL. 
 THIS INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS INDENTURE OR THE NOTES, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED BY THIS INDENTURE OR THE NOTES. 

  

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 Section 11.07. SUBMISSION TO
JURISDICTION. 
 Any legal suit, action or proceeding arising out of or based upon this Indenture or the transactions
contemplated by this Indenture may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York, in each case located in the City of New York (collectively, the
“Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail (to the extent allowed
under any applicable statute or rule of court) to such party’s address set forth in Section 11.01 will be effective service of process for any such suit, action or proceeding brought in any such court. Each of the Company, the
Trustee and each Holder (by its acceptance of any Note) irrevocably and unconditionally waives any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waives and agrees
not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. 

Section 11.08. NO ADVERSE INTERPRETATION OF
OTHER AGREEMENTS. 
 Neither this Indenture nor the Notes may be used to interpret any other indenture,
note, loan or debt agreement of the Company or its Subsidiaries or of any other Person, and no such indenture, note, loan or debt agreement may be used to interpret this Indenture or the Notes. 

Section 11.09. SUCCESSORS. 

All agreements of the Company in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will
bind its successors. 
 Section 11.10. FORCE MAJEURE. 

The Trustee and each Note Agent will not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility
under this Indenture or the Notes by reason of any occurrence beyond its control (including any act or provision of any present or future law or regulation or governmental authority, act of God or war, civil unrest, local or national disturbance or
disaster, act of terrorism or unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 
 
Section 11.11. U.S.A. PATRIOT ACT. 
 The Company acknowledges that, in accordance with Section 326 of the
U.S.A. PATRIOT Act, the Trustee, like all financial institutions, in order to help fight the funding of terrorism and money laundering, is required to obtain, verify and record information that identifies each person or legal entity that establishes
a relationship or opens an account with the Trustee. The Company agrees to provide the Trustee with such information as it may request to enable the Trustee to comply with the U.S.A. PATRIOT Act. 

Section 11.12. CALCULATIONS. 

Except as otherwise provided in this Indenture, the Company will be responsible for making all calculations called for under this Indenture or
the Notes, including determinations of the Last Reported Sale Price, the Daily Conversion Value, the Daily Cash Amount, the Daily Share Amount, the Daily VWAP, adjustments to the Conversion Price and Conversion Rate, Conversion Consideration,
accrued interest on the Notes and the Conversion Rate. 

  

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 The Company will make all calculations in good faith, and, absent manifest error, its
calculations will be final and binding on all Holders. The Company will provide a schedule of its calculations to the Trustee and the Conversion Agent, and each of the Trustee and the Conversion Agent may rely conclusively on the accuracy of the
Company’s calculations without independent verification. The Trustee will promptly forward a copy of each such schedule to a Holder upon its written request therefor. 

Section 11.13. SEVERABILITY. 

If any provision of this Indenture or the Notes is invalid, illegal or unenforceable, then the validity, legality and enforceability of the
remaining provisions of this Indenture or the Notes will not in any way be affected or impaired thereby. 

Section 11.14. COUNTERPARTS. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, and all of them together represent the same
agreement. Delivery of an executed counterpart of this Indenture by facsimile, electronically in portable document format or in any other format will be effective as delivery of a manually executed counterpart. 

Section 11.15. TABLE OF CONTENTS, HEADINGS,
ETC. 
 The table of contents and the headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions of this Indenture. 

Section 11.16. WITHHOLDING TAXES. 

Each Holder of a Note agrees, and each beneficial owner of an interest in a Global Note, by its acquisition of such interest, is deemed to
agree, that if the Company or other applicable withholding agent pays withholding taxes or backup withholding on behalf of such Holder or beneficial owner as a result of an adjustment to the Conversion Rate, then the Company or such withholding
agent, as applicable, may, at its option, set off such payments against payments of cash or the delivery of other Conversion Consideration on such Note, any payments on the Common Stock or sales proceeds received by, or other funds or assets of,
such Holder or the beneficial owner of such Note. 
 [The Remainder of This Page Intentionally Left Blank; Signature Page
Follows] 

  

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

			
	OMEROS CORPORATION
		
	By:	 	/s/ Gregory A. Demopulos, M.D.
		 	Name: Gregory A. Demopulos, M.D.
		 	Title:   Chairman and Chief Executive Officer

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, As Trustee
		
	By:	 	/s/ Maddy Hughes
		 	Name: Maddy Hughes
		 	Title:   Vice President

  
 [Signature Page to
Indenture] 

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 EXHIBIT A 

FORM OF NOTE 
 [Insert
Global Note Legend, if applicable] 
 [Insert Restricted Note Legend, if applicable] 

[Insert Non-Affiliate Legend] 

OMEROS CORPORATION 

6.25% Convertible Senior Note due 2023 
  

							
	CUSIP No.:	  	[    ][Insert for a “restricted” CUSIP number: *]	  	Certificate No.	  	[    ]
	ISIN No.:	  	[    ][Insert for a “restricted” ISIN number: *]	  		  	

 Omeros Corporation, a Washington corporation, for value received, promises to pay to [Cede & Co.], or
its registered assigns, the principal sum of [        ] dollars ($[        ]) [(as revised by the attached Schedule of Exchanges of Interests in the Global
Note)]† on November 15, 2023 and to pay interest thereon, as provided in the Indenture referred to below, until the principal and all accrued and unpaid interest are paid or duly provided for.

  

			
	Interest Payment Dates:	  	May 15 and November 15 of each year, commencing on [date].
		
	Regular Record Dates:	  	May 1 and November 1.

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

[The Remainder of This Page Intentionally Left Blank; Signature Page Follows] 

 

	* 	 This Note will be deemed to be identified by CUSIP No. [    ] and ISIN
No. [    ] from and after such time when the Company delivers, pursuant to Section 2.12 of the within-mentioned Indenture, written notice to the Trustee of the deemed removal of the Restricted Note Legend affixed
to this Note. 

	† 	 Insert bracketed language for Global Notes only. 

  
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 IN WITNESS WHEREOF, Omeros Corporation has caused this instrument to be duly executed
as of the date set forth below. 
  

									
		 		 	OMEROS CORPORATION
					
	Date:	 	 	 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

  
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 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

Wells Fargo Bank, National Association, as Trustee, certifies that this is one of the Notes referred to in the within-mentioned Indenture. 

 

									
	Date:	 	 	 		 	By:	 	 
		 		 		 		 	Authorized Signatory

  
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 OMEROS CORPORATION 

6.25% Convertible Senior Note due 2023 

This Note is one of a duly authorized issue of notes of Omeros Corporation, a Washington corporation (the “Company”),
designated as its 6.25% Convertible Senior Notes due 2023 (the “Notes”), all issued or to be issued pursuant to an indenture, dated as of November 15, 2018 (as the same may be amended from time to time, the
“Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee. Capitalized terms used in this Note without definition have the respective meanings ascribed to them in the Indenture. 

The Indenture sets forth the rights and obligations of the Company, the Trustee and the Holders and the terms of the Notes. Notwithstanding
anything to the contrary in this Note, to the extent that any provision of this Note conflicts with the provisions of the Indenture, the provisions of the Indenture will control. 

1. Interest. This Note will accrue interest at a rate and in the manner set forth in Section 2.05 of the Indenture. Stated Interest
on this Note will begin to accrue from, and including, [date]. 
 2. Maturity. This Note will mature on November 15, 2023,
unless earlier repurchased, redeemed or converted. 
 3. Method of Payment. Cash amounts due on this Note will be paid in the manner
set forth in Section 2.04 of the Indenture. 
 4. Persons Deemed Owners. The Holder of this Note will be treated as the owner of
this Note for all purposes. 
 5. Denominations; Transfers and Exchanges. All Notes will be in registered form, without coupons, in
principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other
materials. 
 6. Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change. If a Fundamental Change
occurs, then each Holder will have the right to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) for cash in the manner, and subject to the terms, set forth in Section 4.02 of the
Indenture. 
 7. Right of the Company to Redeem the Notes. The Company will have the right to redeem the Notes for cash in the manner,
and subject to the terms, set forth in Section 4.03 of the Indenture. 
 8. Conversion. The Holder of this Note may convert this
Note into Conversion Consideration in the manner, and subject to the terms, set forth in Article 5 of the Indenture. 

  
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 9. When the Company May Merge, Etc. Article 6 of the Indenture places limited
restrictions on the Company’s ability to be a party to a Business Combination Event. 
 10. Defaults and Remedies. If an Event of
Default occurs, then the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding may (and, in certain circumstances, will automatically) become due and payable in the manner, and subject to the terms, set forth
in Article 7 of the Indenture. 
 11. Amendments, Supplements and Waivers. The Company and the Trustee may amend or supplement the
Indenture or the Notes or waive compliance with any provision of the Indenture or the Notes in the manner, and subject to the terms, set forth in Article 8 of the Indenture. 

12. No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future director, officer, employee,
incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By
accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes. 

13. Authentication. No Note will be valid until it is authenticated by the Trustee. A Note will be deemed to be duly authenticated only
when an authorized signatory of the Trustee (or a duly appointed authenticating agent) manually signs the certificate of authentication of such Note. 

14. Abbreviations. Customary abbreviations may be used in the name of a Holder or its assignee, such as TEN COM (tenants in common), TEN
ENT (tenants by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (custodian), and U/G/M/A (Uniform Gift to Minors Act). 

15. Governing Law. THIS NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS NOTE, WILL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 * * * 

To request a copy of the Indenture, which the Company will provide to any Holder at no charge, please send a written request to the following
address: 
 Omeros Corporation 

201 Elliott Avenue West 
 Seattle,
Washington 98119 
 Attention: Vice President, Finance 

  
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 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 
 INITIAL PRINCIPAL AMOUNT OF THIS GLOBAL NOTE:
$[        ] 
 The following exchanges, transfers or cancellations of this Global Note have been made: 

 

							
	 Date
	 	 Amount of Increase

(Decrease) in
 Principal
Amount of
 this Global Note
	 	 Principal Amount of

this Global Note
 After Such
Increase
 (Decrease)
	 	 Signature of

Authorized
 Signatory of
Trustee

		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

  

	* 	 Insert for Global Notes only. 

  
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 CONVERSION NOTICE 

OMEROS CORPORATION 
 6.25%
Convertible Senior Notes due 2023 
 Subject to the terms of the Indenture, by executing and delivering this Conversion Notice, the undersigned Holder of
the Note identified below directs the Company to convert (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $                * aggregate principal amount of 

 the Note identified by CUSIP No.
                     and Certificate No.
                    . 
 The undersigned
acknowledges that if the Conversion Date of a Note to be converted is after a Regular Record Date and before the next Interest Payment Date, then such Note, when surrendered for conversion, must, in certain circumstances, be accompanied with an
amount of cash equal to the interest that would have accrued on such Note to, but excluding, such Interest Payment Date. 
  

									
	Date:	 	 	 		 		 	 
		 		 		 		 	(Legal Name of Holder)
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	Signature Guaranteed:
					
		 		 		 		 	 
		 		 		 		 	 Participant in a Recognized Signature

Guarantee Medallion Program

					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

  

	* 	 Must be an Authorized Denomination. 

  
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 FUNDAMENTAL CHANGE REPURCHASE NOTICE 

OMEROS CORPORATION 
 6.25%
Convertible Senior Notes due 2023 
 Subject to the terms of the Indenture, by executing and delivering this Fundamental Change Repurchase Notice, the
undersigned Holder of the Note identified below is exercising its Fundamental Change Repurchase Right with respect to (check one): 
  

	☐	 the entire principal amount of 

 

	☐	 $                * aggregate principal amount of 

 the Note identified by CUSIP No.
                     and Certificate No.
                    . 
 The undersigned
acknowledges that this Note, duly endorsed for transfer, must be delivered to the Paying Agent before the Fundamental Change Repurchase Price will be paid. 
  

									
	Date:	 	 	 		 		 	 
		 		 		 		 	(Legal Name of Holder)
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	Signature Guaranteed:
					
		 		 		 		 	 
		 		 		 		 	 Participant in a Recognized Signature

Guarantee Medallion Program

					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

  

	* 	 Must be an Authorized Denomination. 

  
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 ASSIGNMENT FORM 

OMEROS CORPORATION 
 6.25%
Convertible Senior Notes due 2023 
 Subject to the terms of the Indenture, the undersigned Holder of the within Note assigns to: 

 

			
	Name:	 	 
		
	Address:	 	 
		
	Social security or tax identification number:	 	 

 the within Note and all rights thereunder irrevocably appoints: 

as agent to transfer the within Note on the books of the Company. The agent may substitute another to act for him/her. 

 

									
	Date:	 	 	 		 		 	 
		 		 		 		 	(Legal Name of Holder)
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	Signature Guaranteed:
					
		 		 		 		 	 
		 		 		 		 	 Participant in a Recognized Signature

Guarantee Medallion Program

					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

  
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 TRANSFEROR ACKNOWLEDGEMENT 

If the within Note bears a Restricted Note Legend, the undersigned further certifies that (check one): 

 

					
	1.	 	☐	  	Such Transfer is being made to the Company or a Subsidiary of the Company.
			
	2.	 	☐	  	Such Transfer is being made pursuant to, and in accordance with, a registration statement that is effective under the Securities Act at the time of the Transfer.
			
	3.	 	☐	  	Such Transfer is being made pursuant to, and in accordance with, Rule 144A under the Securities Act, and, accordingly, the undersigned further certifies that the within Note is being transferred to a Person that the undersigned
reasonably believes is purchasing the within Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional
buyer” within the meaning of Rule 144A under the Securities Act in a transaction meeting the requirements of Rule 144A. If this item is checked, then the transferee must complete and execute the acknowledgment contained on the next
page.
			
	4.	 	☐	  	Such Transfer is being made pursuant to, and in accordance with, any other available exemption from the registration requirements of the Securities Act (including, if available, the exemption provided by Rule 144 under the
Securities Act).

  

			
	Dated:	 	 
	
	   

	(Legal Name of Holder)

			
		
	By:	 	 
		 	Name:
		 	Title:
	
	Signature Guaranteed:
	
	   

	 (Participant in a Recognized Signature

Guarantee Medallion Program)

			
		
	By:	 	 
		 	Authorized Signatory

  
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 TRANSFEREE ACKNOWLEDGEMENT 

The undersigned represents that it is purchasing the within Note for its own account, or for one or more accounts with respect to which the undersigned
exercises sole investment discretion, and that and the undersigned and each such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act. The undersigned acknowledges that the transferor
is relying, in transferring the within Note on the exemption from the registration and prospectus-delivery requirements of the Securities Act of 1933, as amended, provided by Rule 144A and that the undersigned has received such information
regarding the Company as the undersigned has requested pursuant to Rule 144A. 
  

			
	Dated:	 	 

			
	
	   

	(Name of Transferee)

			
		
	By:	 	 
		 	Name:
		 	Title:

  
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 EXHIBIT B-1 

FORM OF RESTRICTED NOTE LEGEND 
 THE OFFER
AND SALE OF THIS NOTE AND THE SHARES OF COMMON STOCK, IF ANY, ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: 
  

	(1)	 REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER”
(WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT; AND 

  

	(2)	 AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER, SELL OR OTHERWISE TRANSFER THIS NOTE OR ANY
BENEFICIAL INTEREST HEREIN, EXCEPT ONLY: 

  

	 	(A)	 TO THE COMPANY OR ANY SUBSIDIARY THEREOF; 

 

	 	(B)	 PURSUANT TO A REGISTRATION STATEMENT THAT HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT; 

 

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

  

	 	(D)	 PURSUANT TO RULE 144 UNDER THE SECURITIES ACT; OR 

 

	 	(E)	 PURSUANT TO ANY OTHER EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT. 

 BEFORE THE REGISTRATION OF ANY SALE OR TRANSFER IN ACCORDANCE WITH (2)(C), (D) OR (E) ABOVE, THE COMPANY, THE
TRUSTEE AND THE REGISTRAR RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATES OR OTHER DOCUMENTATION OR EVIDENCE AS THEY MAY REASONABLY REQUIRE IN ORDER TO DETERMINE THAT THE PROPOSED SALE OR TRANSFER IS BEING MADE IN COMPLIANCE WITH THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.* 
  

	* 	 This paragraph and the immediately preceding paragraph will be deemed to be removed from the face of this Note
at such time when the Company delivers written notice to the Trustee of such deemed removal pursuant to Section 2.12 of the within-mentioned Indenture. 

  
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 EXHIBIT B-2 

FORM OF GLOBAL NOTE LEGEND 
 THIS IS A
GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS THE OWNER AND HOLDER OF
THIS NOTE FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC, OR
TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE 2 OF THE INDENTURE HEREINAFTER REFERRED TO. 

  
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 EXHIBIT B-3 

FORM OF NON-AFFILIATE LEGEND 
 NO
AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT OF 1933, AS AMENDED) OF THE COMPANY MAY PURCHASE OR OTHERWISE ACQUIRE THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN. 

  
 B3-1

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