Document:

Exhibit 4.1 

   

  EXECUTION VERSION

   

  

  
  

  

  PAR TECHNOLOGY CORPORATION

   

  AS ISSUER

   

  

  
 

  

   

  AND

   

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

   

  AS TRUSTEE 

   

  

  
 

  

   

  INDENTURE

   

  DATED AS OF FEBRUARY 10, 2020

   

  

  
 

  

   

  2.875% CONVERTIBLE SENIOR NOTES DUE 2026

   

  

  
 

  

   

  
    
      
 

  

  
  

  

  

  

  Table of Content

   

  

  Page

  

  	
          Article I

          

          

          DEFINITIONS AND INCORPORATION BY REFERENCE

        
	Section 1.01  	Definitions	1
	Section 1.02   	Other Definitions	8
	Section 1.03   	Rules of Construction	9
	Section 1.04   	Acts of Holders	10
	
          Article II

          

          

          THE NOTES

        
	Section 2.01   	Designation, Amount and Issuance of Notes	11
	Section 2.02   	Form of Notes	11
	Section 2.03   	Denomination of Notes	13
	Section 2.04   	Payments	13
	Section 2.05   	Execution and Authentication	15
	Section 2.06   	Registrar, Paying Agent and Conversion Agent	15
	Section 2.07   	Money and Securities Held in Trust	17
	Section 2.08   	Holder Lists	17
	Section 2.09   	Transfer and Exchange	17
	Section 2.10   	Transfer Restrictions	21
	Section 2.11   	Replacement Notes	23
	Section 2.12   	Temporary Notes	23
	Section 2.13   	Cancellation	24
	Section 2.14   	Outstanding Notes	24
	Section 2.15   	Persons Deemed Owners	24
	Section 2.16   	Additional Notes; Repurchases	24
	Section 2.17   	CUSIPs	25
	
          Article III

          

          

          REPURCHASE AT THE OPTION OF THE HOLDER

        
	Section 3.01   	Fundamental Change Permits Holders to Require the Company to Repurchase the Notes	25
	Section 3.02   	Fundamental Change Notice	26
	Section 3.03   	Fundamental Change Repurchase Notice	27
	Section 3.04   	Withdrawal of Fundamental Change Repurchase Notice	28
	Section 3.05   	Effect of Fundamental Change Repurchase Notice	29
	Section 3.06   	Notes Repurchased in Part	29
	Section 3.07  	Covenant to Comply With Securities Laws Upon Repurchase of Notes	29
	Section 3.08   	Deposit of Fundamental Change Repurchase Price	30
	Section 3.09   	Covenant Not to Repurchase Notes Upon Certain Events of Default	30
	
          Article IV

          

          

          COVENANTS

        
	Section 4.01   	Payment of Notes	30

   

   

  
    i

    
      
 

  

  	 	 	 
	
          Section 4.02   

        	144A Information	30
	Section 4.03  	Reports	31
	Section 4.04   	Additional Interest	31
	Section 4.05   	Compliance Certificate	32
	Section 4.06   	Restriction on Purchases by the Company and by Affiliates of the Company	32
	Section 4.07   	Taxes	32
	Section 4.08   	Corporate Existence	33
	Section 4.09   	Par Value Limitation	33
	Section 4.10  	Stay, Extension and Usury Laws	33
	Section 4.11   	Further Instruments and Acts	33
	
          Article V

          

          

          CONSOLIDATION, MERGER AND SALE OF ASSETS

        
	Section 5.01   	Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms	33
	Section 5.02   	Successor Substituted	34
	
          Article VI

          

          

          DEFAULTS AND REMEDIES

        
	Section 6.01   	Events of Default	34
	Section 6.02   	Acceleration	36
	Section 6.03   	Other Remedies	36
	Section 6.04   	Sole Remedy for Failure to Report	36
	Section 6.05   	Waiver of Past Defaults	37
	Section 6.06   	Control by Majority	37
	Section 6.07   	Limitation on Suits	38
	Section 6.08   	Rights of Holders To Receive Payment	38
	Section 6.09   	Collection Suit by Trustee	38
	Section 6.10   	Trustee May File Proofs of Claim	38
	Section 6.11   	Priorities	39
	Section 6.12   	Undertaking for Costs	39
	
          Article VII

          

          

          TRUSTEE

        
	Section 7.01   	Duties of Trustee	39
	Section 7.02   	Rights of Trustee	40
	Section 7.03   	Individual Rights of Trustee	42
	Section 7.04   	Trustee’s Disclaimer	42
	Section 7.05   	Notice of Defaults	42
	Section 7.06   	Compensation and Indemnity	42
	Section 7.07   	Replacement of Trustee	43
	Section 7.08   	Successor Trustee by Merger	44
	Section 7.09   	Eligibility; Disqualification	44
	Section 7.10   	Trustee’s Application for Instructions from the Company	44
	
          Article VIII

          

          

          SATISFACTION AND DISCHARGE

        
	Section 8.01   	Discharge of Liability on Notes	45

   

  
    ii

    
      
 

  

  
 

  	Section 8.02   	Repayment to the Company	45
	
          Article IX

          

          

          AMENDMENTS, SUPPLEMENTS AND WAIVERS

        
	Section 9.01   	Without Consent of Holders	45
	Section 9.02   	With Consent of Holders	46
	Section 9.03   	Execution of Supplemental Indentures	47
	Section 9.04   	Notices of Supplemental Indentures	47
	Section 9.05   	Effect of Supplemental Indentures	47
	Section 9.06   	Revocation and Effect of Consents, Waivers and Actions	48
	Section 9.07   	Notation on, or Exchange of, Notes	48
	
          Article X

          

          

          CONVERSIONS

        
	Section 10.01   	Right To Convert	48
	Section 10.02   	Conversion Procedures	51
	Section 10.03   	Settlement Upon Conversion	52
	Section 10.04   	Common Stock Issued Upon Conversion	55
	Section 10.05   	Adjustment of Conversion Rate	55
	Section 10.06   	Voluntary Adjustments	64
	Section 10.07   	Adjustments Upon Certain Fundamental Changes	64
	Section 10.08   	Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale	66
	Section 10.09   	No Responsibility of Trustee or Conversion Agent	68
	Section 10.10   	NYSE Compliance	68
	
          Article XI

          

          

          REDEMPTION AT THE OPTION OF THE COMPANY

        
	Section 11.01   	No Sinking Fund. No sinking fund is provided for the Notes	69
	Section 11.02   	Right To Redeem the Notes	69
	Section 11.03   	Redemption Notice	69
	Section 11.04   	Effect of Redemption Notice	70
	Section 11.05   	Deposit of Redemption Price	70
	Section 11.06   	Effect of Deposit	70
	Section 11.07   	Covenant Not to Redeem Notes Upon Certain Events of Default	71
	Section 11.08  	Repayment to the Company	71
	
          Article XII

          

          

          MISCELLANEOUS

        
	Section 12.01   	Trust Indenture Act Controls	71
	Section 12.02   	Notices	71
	Section 12.03   	Certificate and Opinion as to Conditions Precedent	72
	Section 12.04   	Statements Required in Certificate or Opinion	73
	Section 12.05   	Separability Clause	73
	Section 12.06   	Rules by Trustee	73
	Section 12.07   	Governing Law and Waiver of Jury Trial	73
	Section 12.08   	No Recourse Against Others	73
	Section 12.09   	Calculations	73

   

   

  
    iii

    
      
 

  

  	 	 	 
	Section 12.10   	Successors	74
	Section 12.11   	Multiple Originals	74
	Section 12.12   	Table of Contents; Headings	74
	Section 12.13   	Force Majeure	74
	Section 12.14   	Submission to Jurisdiction	74
	Section 12.15   	Legal Holidays	74
	Section 12.16   	No Security Interest Created	74
	Section 12.17   	Benefits of Indenture	74
	Section 12.18   	U.S.A. Patriot Act	74
	Section 12.19   	Copies of Transaction Documents	75

   

  	Exhibit A  FORM OF NOTE	A-1
	Exhibit B   FORM OF TRANSFER CERTIFICATE	B-1
	Exhibit C   FORM OF RESTRICTED STOCK LEGEND	C-1

   

  
    iv

    
      
 

  

  
   

  INDENTURE, dated as of February 10, 2020, between PAR Technology Corporation, a Delaware corporation (“Company”), and The Bank of New York Mellon Trust Company,
    N.A., a national banking association, as trustee (“Trustee”).

   

  Each party 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 2.875%
    Convertible Senior Notes due 2026:

   

  Article I

    

    DEFINITIONS AND INCORPORATION BY REFERENCE

   

  Section 1.01     Definitions.

   

  “Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such
    specified Person. For the purposes of this definition, “control,” when used with respect to any specified Person, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through
    the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

   

  “Applicable Procedures” means, with respect to any transfer or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of
    the Depositary for such Note, in each case to the extent applicable to such transfer or transaction and as in effect from time to time.

   

  “Bankruptcy Law” means Title 11, United States Code, or any similar U.S. federal, state or non-U.S. law for the relief of debtors.

   

  “Bid Solicitation Agent” means the Person who shall solicit and obtain bids for the Trading Price in accordance with Section 10.01(b) and the definition of Trading
    Price set forth herein. The initial Bid Solicitation Agent shall be the Company, and the Company shall have the right to thereafter appoint any other Person to be the Bid Solicitation Agent without prior notice.

   

  “Board of Directors” means the board of directors of the Company or a committee of such board duly authorized to act for it.

   

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

   

  “Business Day” means any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York or the place of payment is authorized or required
    by law, regulation or executive order to close or be closed.

   

  “Capital Stock” means, for any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of, or interests in
    (however designated), the equity of such Person, but excluding any debt securities convertible into such equity.

   

  “Close of Business” means 5:00 p.m., New York City time.

   

  “Common Stock” means the shares of the common stock of the Company, par value $0.02 per share, or any other shares of Capital Stock of the Company into which such
    shares of common stock will be reclassified or changed.

   

  
    1

    
      
 

  

   

  “Company” means the party named as such in the first paragraph of this Indenture until a successor or assignee replaces it pursuant to the applicable provisions
    hereof and, thereafter, means the successor or assignee.

   

  “Company Order” means a written request or order signed in the name of the Company by any Officer.

   

  “Conversion Price” means, at any time, (i) $1,000 divided by (ii) the Conversion Rate in effect at such time.

   

  “Conversion Rate” means, initially, 23.2722 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as provided herein.

   

  “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business in Los Angeles, California shall be principally
    administered, which office as of the date of this instrument is located at 500 Ross Street 12th Floor, Pittsburgh, PA 15262, Attention: Corporate Trust Division – PAR
    Technology Corporation, except that with respect to presentation of Notes for payment or for registration of transfer, conversion or exchange, such term shall mean the office or agency of the Trustee at which at any particular time its corporate agency
    business shall be conducted, which office at the date of this instrument is located at 240 Greenwich Street, New York, New York 10286; Corporate Finance Unit, or, in the case of any of such offices or agency, such other address as the Trustee may
    designate from time to time by notice to the Company.

   

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

   

  “Daily Conversion Value” means, for any Trading Day, (1) the product of (x) the Conversion Rate on such Trading Day and (y) the Daily VWAP on such Trading Day, divided

      by (2) 50.

   

  “Daily Settlement Amount” means, with respect to each of the 50 consecutive Trading Days during an Observation Period, (i) cash equal to the lesser of (x) the
    Specified Dollar Amount applicable to such conversion, divided by 50 (such quotient, the “Daily Measurement Value”); and (y) the Daily Conversion Value on such Trading Day (the lesser of such preceding clauses (x) and (y), the “Daily Cash
    Amount”); and (ii) if such Daily Conversion Value exceeds such Daily Measurement Value, a number of shares of Common Stock (such number, the “Daily Share Amount”) equal to (x) the difference between such Daily Conversion Value and such Daily
    Measurement Value, divided by (y) the Daily VWAP for such Trading Day.

   

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

   

  “Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.

   

  “Definitive Notes” means Notes that are in registered definitive form.

   

  
    2

    
      
 

  

  “Depositary” means DTC; provided that the Company may at any time, upon delivering notice to the Holders, the Company, the Trustee, the Registrar, the Paying
    Agent and the Conversion Agent, appoint a successor Depositary.

   

  “DTC” means The Depository Trust Company.

   

  “Exchange Act” means the Securities Exchange Act of 1934, as amended.

   

  “Free Trade Date” means the date that is one year after the relevant Last Original Issue Date.

   

  “Freely Tradable” means, with respect to any Notes or any shares of the Common Stock issuable upon conversion of the Notes, that such Notes or such shares of Common
    Stock, as the case may be, (i) are eligible to be offered, sold or otherwise transferred pursuant to Rule 144 or otherwise by a Person that is not an affiliate (as defined in Rule 144) of the Company and that has not been an affiliate (as defined in
    Rule 144) of the Company during the immediately preceding three-month period without any volume or manner of sale restrictions under the Securities Act and, (ii) on and after the Free Trade Date, (A) in the case of the Notes, do not bear the Restricted
    Notes Legend and, in the case of shares of the Common Stock, do not bear the Restricted Stock Legend, and (B) with respect to Global Notes only, are identified by an unrestricted CUSIP number in the facilities of the applicable depositary.

   

  “Fundamental Change” means an event that will be deemed to occur if any of the following occurs:

   

  (a)       a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than the Company, its Subsidiaries, and the Company and its
    Subsidiaries’ employee benefit plans files a Schedule TO or any schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect “beneficial owner” (as defined below) of shares of the Company’s
    common equity representing more than 50% of the voting power of the Company’s common equity generally entitled to vote in the election of the Company’s directors;

   

  (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 consolidated 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 exchange, liquidation, consolidation, merger,
    combination, reclassification, recapitalization, acquisition or otherwise) all of the Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, other property, assets or cash, but
    excluding any merger, consolidation, share exchange or acquisition of the Company with or by another person pursuant to which the persons that “beneficially owned” (as defined below), directly or indirectly, the shares of the Company’s Voting Stock
    immediately prior to such transaction beneficially own, directly or indirectly, immediately after such transaction, shares of the surviving, continuing or acquiring corporation’s Voting Stock representing more than 50% of the total outstanding voting
    power of all outstanding classes of Voting Stock of the surviving, continuing or acquiring corporation in substantially the same proportions vis-à-vis each other as immediately prior to such transaction;

   

  (c)       the Company’s stockholders approve any plan or proposal for the liquidation or dissolution of the Company; or

   

  (d)       the Common Stock (or other common stock or depositary shares or receipts in respect thereof that underlie the Notes) ceases to be listed or quoted on any
    of The New York Stock Exchange,

   

  
    3

    
      
 

  

   

  the NASDAQ Global Market or the NASDAQ Global Select Market (or any of their respective successors).

  

   

  A transaction or event described in clause (a) or (b) above will not constitute a Fundamental Change, however, if at least 90% of the consideration received or to be
    received by the holders of the Common Stock, excluding cash payments for fractional shares or dissenters’ appraisal rights, in connection with the transaction or transactions, consists of shares of common stock or depositary shares or receipts in
    respect thereof traded 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 which will be so traded or quoted when issued or exchanged in connection with such
    transaction or event and as a result of such transaction or event, the Notes become convertible or exchangeable (assuming Physical Settlement) solely into such consideration (excluding cash payable in lieu of any fractional shares or dissenters’
    appraisal rights) in accordance with Section 10.08 hereof. For the purposes of this definition of “Fundamental Change,” any transaction or event that constitutes a Fundamental Change under both clause (a) and clause (b) above will be deemed to
    constitute a Fundamental Change solely under clause (b) of this definition of “Fundamental Change.”

   

  For the purposes of this definition of “Fundamental Change,” whether a person is a “beneficial owner” or whether shares are “beneficially owned” will be determined
    in accordance with Rule 13d-3 under the Exchange Act.

   

  “Global Note” means a permanent global note that is in the form of the Note attached hereto as Exhibit A and that is registered in the name of the Depositary
    or the nominee of the Depositary and deposited with the Depositary, the nominee of the Depositary or a custodian appointed by the Depositary or the nominee of the Depositary.

   

  “Global Notes Legend” means the legend identified as such in Exhibit A hereto.

   

  “Holder” or “Holders” means a Person or Persons in whose name a Note is registered in the Register.

   

  “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof.

   

  “Issue Date” means February 10, 2020.

   

  “Last Original Issue Date” means the last date of original issuance of the Notes, including the last date of issuance of any additional Notes that the Initial
    Purchaser purchases pursuant to its option to purchase additional Notes set forth in Section 3(b) of the Purchase Agreement, which date, for the avoidance of doubt, is February 10, 2020; provided, however, that Notes originally issued
    hereunder pursuant to the Purchase Agreement (or any Notes issued in exchange therefor or in substitution thereof) shall have a separate Last Original Issue Date (determined as aforesaid) than any other Notes originally issued hereunder (or any Notes
    issued in exchange therefor or in substitution thereof).

   

  “Last Reported Sale Price” of the Common Stock on any date means the closing sale price per share (or, if no closing sale price is reported, the average of the last
    bid and ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices) on such date as reported in composite transactions for the principal U.S. national or regional securities exchange on which the
    Common Stock is traded. If the Common Stock is not listed for trading on a U.S. national or regional securities exchange on such date, the “Last Reported Sale Price” of the Common Stock will be the last quoted bid price per share for the Common Stock
    in the over-the-counter market on such date as reported by OTC Markets Group Inc. or a similar organization. If the Common Stock is not so quoted, the “Last Reported Sale Price” will be the average of the mid-points of the last bid and ask prices per
    share for the

   

  
    4

    
      
 

  

  Common Stock on the relevant date from at
    least three nationally recognized independent investment banking firms selected by the Company for this purpose.

   

  “Market Disruption Event” means, (i) for purposes of determining whether the Notes will be convertible pursuant to Section 10.01(b), the occurrence or existence
    during the one-half hour period ending on the scheduled close of trading on the principal U.S. national or regional securities exchange on which the Common Stock is listed for trading of any material suspension or limitation imposed on trading (by
    reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock; and (ii) for purposes of determining any Observation Period,
    (A) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (B) the occurrence or existence prior to 1:00
    p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding
    limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options, contracts or futures contracts relating to the Common Stock.

   

  “Notes” means any of the Company’s 2.875% Convertible Senior Notes due 2026 issued under this Indenture.

   

  “Observation Period” means, with respect to any Note surrendered for conversion, (i) subject to clause (iii) of this definition, if the Conversion Date for such
    conversion is before October 15, 2025, the 50 consecutive Trading Day period beginning on, and including, the second Trading Day after such Conversion Date; (ii) subject to clause (iii) of this definition, if such Conversion Date occurs on or after
    October 15, 2025, the 50 consecutive Trading Days beginning on, and including, the 51st Scheduled Trading Day immediately preceding the Maturity Date; and (iii) if such
    Conversion Date occurs on or after the date of the Company’s delivery of a Redemption Notice with respect to the Notes and prior to the relevant Redemption Date, the 50 consecutive Trading Days beginning on, and including, the 51st Scheduled Trading Day immediately preceding such Redemption Date.

   

  “Officer” means the Chairman of the Board, the Vice Chairman, the Chief Executive Officer, the President, the Chief Financial Officer, any Executive Vice President,
    any Senior Vice President, any Vice President, the Treasurer or the Secretary of the Company.

   

  “Officers’ Certificate” means a written certificate containing the information specified in Sections 12.04 hereof, signed in the name of the Company by any two
    Officers, and delivered to the Trustee; provided, that, if such certificate is given pursuant to Section 4.05 hereof, (i) one of the Officers signing such certificate must be the principal financial or accounting Officer of the Company and (ii)
    such certificate need not contain the information specified in Section 12.04 hereof.

   

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

   

  “Opinion of Counsel” means a written opinion containing the information specified in Section 12.04 hereof, from legal counsel who is acceptable to the Trustee. The
    counsel may be an employee of, or counsel to, the Company.

   

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

   

  “Preliminary Offering Memorandum” means the Preliminary Offering Memorandum relating to the offering of the Notes dated February 4, 2020.

   

  
    5

    
      
 

  

  “Pricing Term Sheet” means the Pricing Term Sheet attached to the Purchase Agreement as Schedule II thereto.

   

  “Purchase Agreement” means the purchase agreement, dated February 5, 2020, between the Company and Jefferies LLC, as Initial Purchaser (the “Initial Purchaser”).

   

  “Redemption Period” means the period beginning on, and including, the date on which the Company delivers a Redemption Notice and ending on, but excluding, the
    relevant Redemption Date.

   

  “Restricted Notes Legend” means the legend identified as such set forth in Exhibit A hereto, or any other similar legend indicating the restricted status of
    the Notes under Rule 144.

   

  “Restricted Stock Legend” means a legend in the form set forth in Exhibit C hereto or any other similar legend indicating the restricted status of the Common
    Stock under Rule 144.

   

  “Rule 144” means Rule 144 under the Securities Act (or any successor provision), as it may be amended from time to time.

   

  “Rule 144A” means Rule 144A under the Securities Act (or any successor provision), as it may be amended from time to time.

   

  “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the
    Common Stock is listed or admitted for trading; provided, however, that if the Common Stock is not so listed or admitted for trading, then “Scheduled Trading Day” means a Business Day.

   

  “SEC” means the Securities and Exchange Commission.

   

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

   

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

   

  “Significant Subsidiary” means any Subsidiary that is a “significant subsidiary” of the Company within the meaning of Rule 1-02(w) of Regulation S-X promulgated
    under the Exchange Act.

   

  “Specified Dollar Amount” means, with respect to the conversion of any Note with respect to which Combination Settlement applies, the maximum cash amount per $1,000
    principal amount of such Note being converted to be received upon such conversion (excluding cash in lieu of any fractional share of Common Stock), as specified in the notice specifying the Company’s elected Settlement Method for such conversion or as
    deemed to be so specified pursuant to Section 10.03(a)(i)(5).

   

  “Stock Price” means, for any Make-Whole Fundamental Change, (i) if the holders of the 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 of the type described in clause (b)(ii) of the definition of “Fundamental Change”, the amount of cash paid per share of the Common Stock in such Make-Whole
    Fundamental Change, and (ii) otherwise, the average of the Last Reported Sale Price of the Common Stock over the five consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Make-Whole Fundamental Change
    Effective Date for such Make-Whole Fundamental Change.

   

  “Subsidiary” means a Person more than 50% of the outstanding Voting Stock of which is owned, directly or indirectly, by the Company or by one or more other
    Subsidiaries of the Company, or by the Company and one or more other Subsidiaries of the Company.

   

  
    6

    
      
 

  

  “TIA” means the Trust Indenture Act of 1939 as in effect on the Issue Date; provided, however, that if the TIA is amended after such date, TIA means,
    to the extent required by any such amendment, the TIA as so amended.

   

  “Trading Day” means a day on which (i) trading in the Common Stock (or other security for which a closing sale price must be determined) generally occurs on The New
    York Stock Exchange or, if the Common Stock (or such other security) is not then listed on The New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then
    listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such other security) is then listed or admitted for trading; (ii)
    there is no Market Disruption Event; and (iii) a closing price for the Common Stock (or such other security) is available on such securities exchange; provided, however, that if the Common Stock (or such other security) is not so listed
    or traded, then “Trading Day” means a Business Day; provided, further, that, notwithstanding the foregoing, solely for purposes of determining the Conversion Consideration due upon any conversion of a Note, (x) “Trading Day” means a day
    on which (A) there is no Market Disruption Event and (B) trading in the Common Stock generally occurs on The New York Stock Exchange or, if the Common Stock is not then listed on The New York Stock Exchange, on the principal other U.S. national or
    regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then listed or admitted for
    trading; and (y) if the Common Stock is not so listed or admitted for trading, “Trading Day” means a Business Day.

   

  “Trading Price” means, with respect to the Notes on any date of determination, the average of the secondary market bid quotations obtained by the Bid Solicitation
    Agent for $1,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Company; provided, however, that
    if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one
    bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $1,000,000 principal amount of the Notes from a nationally recognized securities dealer on any Trading Day, then the Trading Price per $1,000 principal
    amount of the 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 of the Common Stock and the Conversion Rate on such Trading Day. If (x) the Company is not acting as Bid
    Solicitation Agent, and the Company does not, when the Company is required to, instruct the Bid Solicitation Agent in writing to obtain bids, or if the Company gives such written instruction to the Bid Solicitation Agent, and the Bid Solicitation Agent
    fails to make such determination or (y) the Company is acting as Bid Solicitation Agent, and the Company fails to make such determination, then, in either case, the Trading Price per $1,000 principal amount of Notes will be deemed to be less than
    ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate on each Trading Day of such failure.

   

  “Transfer” means, with respect to any Restricted Note or share of Common Stock that bears, or is required to bear, the Restricted Stock Legend, any sale, pledge,
    transfer, loan, hypothecation or other disposition of such Restricted Note or share of Common Stock, as the case may be.

   

  “Transfer Agent” means, initially, Computershare Trust Company, N.A., in its capacity as the transfer agent for the transfer agent for the Common Stock, and any
    successor entity acting in such capacity.

   

  “Trust Officer” means, with respect to the Trustee, any officer assigned to the Corporate Trust Division - Corporate Finance Unit (or any successor division or unit)
    of the Trustee located at the

   

  
    7

    
      
 

  

   Corporate Trust Office of the Trustee, who shall have direct responsibility for the administration of this Indenture, and for the purposes of Section 7.01(c)(ii)
    shall also include any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

   

  “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this
    Indenture and, thereafter, means such successor. The foregoing sentence will likewise apply to any such subsequent successor or successors.

   

  “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect on the Issue Date.

   

  “Voting Stock” of a Person means Capital Stock of such Person of the class or classes pursuant to which the holders thereof have the general voting power under
    ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time Capital Stock of any other class or classes will have or might have voting power by reason of
    the happening of any contingency).

    

  

  	
          
            Section 1.02

          

        	
          
            Other Definitions.

          

        

  

  

     

  

  	 	
          Term:

        	
          Defined in Section:

        
	 	“Act”	1.04
	 	“Additional Interest”	4.04(a)
	 	“Additional Shares”	10.07(a)
	 	“Agent Members”	2.02(c)
	 	“Averaging Period”	10.05(e)
	 	“Cash Settlement”	10.03(a)
	 	“Clause A Distribution”	10.05(c)
	 	“Clause B Distribution”	10.05(c)
	 	“Clause C Distribution”	10.05(c)
	 	“Combination Settlement”	10.03(a)
	 	“Conversion Agent”	2.06(a)
	 	“Conversion Consideration”	10.03(a)(ii)
	 	“Conversion Date”	10.02(a)
	 	“Conversion Notice”	10.02(a)
	 	“Defaulted Amount”	2.04(d)
	 	“Default Interest”	2.04(d)
	 	“Effective Date”	10.05(n)(i)(2)
	 	“Event of Default”	6.01(a)
	 	“Ex-Dividend Date”	10.05(n)(i)(3)
	 	“Expiration Time”	10.05(e)
	 	“Fundamental Change Notice”	3.02(a)
	 	“Fundamental Change Notice Date”	3.02(a)
	 	“Fundamental Change Repurchase Date”	3.01(c)
	 	“Fundamental Change Repurchase Notice”	3.03(a)(i)
	 	“Fundamental Change Repurchase Price”	3.01(b)
	 	“Interest Payment Date”	2.04(a)(ii)
	 	“Make-Whole Fundamental Change”	10.07(a)
	 	“Make-Whole Fundamental Change Effective Date”	10.07(b)
	 	“Maturity Date”	2.04(a)
	 	“Measurement Period”	10.01(b)(ii)

   

   
  
    8

    
      
 

  

   

  

  	 	
          “Merger Event”

        	
          10.08(a)

        
	 	
          “Merger Successor Corporation”

        	
          10.08(a)

        
	 	
          “Multi-Clause Distribution”

        	
          10.05(c)

        
	 	
          “Paying Agent”

        	
          2.06(a)

        
	 	
          “Physical Settlement”

        	
          10.03(a)

        
	 	
          “Redemption”

        	
          11.02(a)

        
	 	
          “Redemption Date”

        	
          11.02(c)

        
	 	
          “Redemption Notice”

        	
          11.03

        
	 	
          “Redemption Notice Date”

        	
          11.03

        
	 	
          “Redemption Price”

        	
          11.02(b)

        
	 	
          “Reference Property”

        	
          10.08(a)

        
	 	
          “Reference Property Unit”

        	
          10.08(a)

        
	 	
          “Register”

        	
          2.06(a)

        
	 	
          “Registrar”

        	
          2.06(a)

        
	 	
          “Regular Record Date”

        	
          2.04(a)

        
	 	
          “Reorganization Event”

        	
          5.01

        
	 	
          “Reorganization Successor Corporation”

        	
          5.01(a)(ii)

        
	 	
          “Reporting Event of Default”

        	
          6.04(a)

        
	 	
          “Restricted Note”

        	
          2.10(a)

        
	 	
          “Special Interest”

        	
          6.04(a)

        
	 	
          “Special Regular Record Date”

        	
          2.04(d)(i)

        
	 	
          “Spin-Off”

        	
          10.05(c)(ii)

        
	 	
          “Temporary Notes”

        	
          2.12

        
	 	
          “Trading Price Condition”

        	
          10.01(b)(ii)

        
	 	
          “Valuation Period”

        	
          10.05(c)(ii)

        

  

    
  

  

  	
          
            Section 1.03

          

        	
          
            Rules of Construction.

          

        

  

  

   

  (a)       a term has the meaning assigned to it and include the plural as well as the singular;

   

  (b)       an accounting term not otherwise defined has the meaning assigned to it and will be construed in accordance with U.S. generally accepted accounting
    principles;

   

  (c)       “or” is not exclusive;

   

  (d)       the words “including”, “includes” and “include” shall be deemed to be followed by the words “without limitation”;

   

  (e)       unless the context otherwise requires, any reference to an “Article,” a “Section” or an “Exhibit” refers to an Article, a Section or an Exhibit, as the case
    may be, of this Indenture;

   

  (f)        the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section
    or other subdivision;

   

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

   

  (h)       words importing any gender include the other genders;

   

  (i)        all references to $, dollars, cash payments or money refer to United States currency; and

   

  
    9

    
      
 

  

  (j)       unless the context requires otherwise, all references to interest on the Notes (a) will include any Additional Interest payable pursuant to Section 4.04
    hereof and any Special Interest payable pursuant to Section 6.04 hereof, (b) but, for the avoidance of doubt, will not include any Default Interest payable on a Defaulted Amount pursuant to the terms of Section 2.04(d) hereof.

   

  Section 1.04          Acts of Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
    given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such
    action will become effective when such instrument or instruments are delivered to the Trustee and to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of
    Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent will be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in
    the manner provided in this Section 1.04.

   

  (a)       The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a
    certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a
    signer acting in a capacity other than such signer’s individual capacity, such certificate or affidavit will also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the
    authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient.

   

  (b)       Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note will bind every future Holder of the same Note
    and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company, the Paying Agent, the Conversion Agent or
    the Registrar in reliance thereon, whether or not notation of such action is made upon such Note.

   

  (c)       If the Company will solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its
    option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company will have no obligation
    to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the Close of Business on such record date
    will be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other
    Act, and, for that purpose, the outstanding Notes will be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date will be deemed effective unless it will become effective
    pursuant to the provisions of this Indenture not later than six months after the record date.

   

  
    10

    
      
 

  

  Article II

    

    THE NOTES

   

  Section 2.01          Designation, Amount and Issuance of Notes.

   

  (a)       The Notes will be designated as “2.875% Convertible Senior Notes due 2026.” The initial aggregate principal amount of Notes to be issued, authenticated and
    delivered on the Issue Date under this Indenture is $120,000,000. From time to time, the Company may issue and execute, and the Trustee may authenticate, Notes delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes
    pursuant to Sections 2.09, 2.11, 2.12, 3.06 and 10.02 hereof. In addition, the Company may issue an unlimited aggregate principal amount of additional Notes in accordance with clause (b) of this Section 2.01.

   

  (b)       Without the consent of any Holder, and notwithstanding anything to the contrary in Sections 2.01(a) or 2.05 hereof, the Company may increase the aggregate
    principal amount of the Notes issued under this Indenture by reopening this Indenture and issuing additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the issue price, the date as of which
    interest shall begin to accrue on such additional Notes and as to the Last Original Issue Date with respect to such additional Notes as provided in the proviso to the definition thereof), which Notes will, subject to the foregoing, be considered to be
    part of the same series of Notes as those initially issued hereunder; provided, however, that if any such additional Notes are not fungible with other Notes issued hereunder for federal income tax purposes, then such additional Notes
    shall have a separate CUSIP number. Prior to issuing any such additional Notes, the Company will deliver to the Trustee a Company Order, an Officers’ Certificate and an Opinion of Counsel, which Officers’ Certificate and Opinion of Counsel will address
    any matters required to be addressed under Section 12.04 hereof.

   

  Section 2.02          Form of Notes.

   

  (a)       General. The Notes will be substantially in the form of Exhibit A hereto, but may include any notations, legends or endorsements required by
    any applicable law (or regulation promulgated thereunder), stock exchange rule or usage, or any insertions, omissions or other variations otherwise permitted or required by this Indenture. Whenever any such notation, legend or endorsement, or any such
    insertion, omission or other variation is applicable to a Note, the Company will provide such notation, legend or endorsement, or such insertion, omission or other variation to the Trustee in writing.

   

  Each Note will bear a Trustee’s certificate of authentication substantially in the form set forth in Exhibit A hereto.

   

  Notes that are Global Notes will bear the Global Notes Legend and the “Schedule of Increases and Decreases of Global Note” attached thereto.

   

  Notes that are Restricted Notes will bear the Restricted Notes Legend.

   

  The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Company
    and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent that any provision of any Note conflicts with the express provisions of this Indenture, the
    provisions of this Indenture will govern and control.

   

  (b)       Initial and Subsequent Notes. The Notes initially will be issued in global form, registered in the name of Cede & Co., as the nominee of the
    Depositary, and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary. Except to the extent provided in Section 2.09(c) hereof, all Notes will be represented by one or more Global Notes.

   

  
    11

    
      
 

  

  (c)       Global Notes. Each Global Note will represent the aggregate principal amount of then outstanding Notes endorsed thereon and provide that it represents
    such aggregate principal amount of then outstanding Notes, which aggregate principal amount may, from time to time, be reduced or increased to reflect transfers, exchanges, conversions, redemptions or repurchases by the Company.

   

  Only the Trustee, or the custodian holding such Global Note for the Depositary, at the direction of the Trustee, may endorse a Global Note to reflect the amount of
    any increase or decrease in the aggregate principal amount of then outstanding Notes represented thereby, and whenever the Holder of a Global Note delivers instructions to the Trustee to increase or decrease the aggregate principal amount of then
    outstanding Notes represented by a Global Note in accordance with Section 2.09 hereof, the Trustee, or the custodian holding such Global Note for the Depositary, at the direction of the Trustee, will endorse such Global Note to reflect such increase or
    decrease in the aggregate principal amount of then outstanding Notes represented thereby. None of the Trustee, the Company or any agent of the Trustee or the Company will have any responsibility or bear any liability for any aspect of the records
    relating to, or payments made on account of, the ownership of any beneficial interest in a Global Note or with respect to maintaining, supervising or reviewing any records relating to such beneficial interest.

   

  Neither any member of, or participant in, the Depositary (collectively, the “Agent Members”) nor any other Person on whose behalf an Agent Member may act will have
    any rights under this Indenture with respect to any Global Note or under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee, may, for all purposes, treat the Depositary, or its nominee, if any, as the absolute
    owner and Holder of such Global Note.

   

  None of the Trustee, the Paying Agent, the Conversion Agent and the Registrar shall have any responsibility or obligation to any beneficial owner in a Global Note,
    an Agent Member or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any Agent Member, with respect to any ownership interest in the Notes or with respect to the delivery to any Agent Member, beneficial
    owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be
    made to Holders under the Notes and this Indenture shall be given or made only to or upon the order of the registered holders (which shall be the Depositary or its nominee in the case of the Global Note). The rights of beneficial owners in the Global
    Note shall be exercised only through the Depositary subject to the applicable procedures. The Trustee, the Paying Agent, the Conversion Agent and the Registrar shall be entitled to rely and shall be fully protected in relying upon information furnished
    by the Depositary with respect to its members, participants and any beneficial owners. The Trustee, the Paying Agent, the conversion Agent and the Registrar shall be entitled to deal with the Depositary, and any nominee thereof, that is the registered
    holder of any Global Note for all purposes of this Indenture relating to such Global Note (including the payment of principal, premium, if any, and interest and additional amounts, if any, and the giving of instructions or directions by or to the owner
    or holder of a beneficial ownership interest in such Global Note) as the sole holder of such Global Security and shall have no obligations to the beneficial owners thereof. None of the Trustee, the Paying Agent, the Conversion Agent and the Registrar
    shall have any responsibility or liability for any acts or omissions of the Depositary with respect to such Global Note, for the records of any such depositary, including records in respect of beneficial ownership interests in respect of any such
    Global Note, for any transactions between the Depositary and any Agent Member or between or among the Depositary, any such Agent Member and/or any holder or owner of a beneficial interest in such Global Note, or for any transfers of beneficial
    interests in any such Global Note.

   

  The Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members,
    to take any action that such Holder is entitled to take under this Indenture or the Notes with respect to such Global Note, and, notwithstanding the foregoing, nothing herein will prevent the Company, the Trustee, the Paying Agent or

   

  
    12

    
      
 

  

  any agent of the Company, the Trustee or the Paying Agent from giving effect to any written certification, proxy or other authorization furnished by the Depositary
    (or its nominee) as such Holder or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of their respective customary practices governing the exercise of the rights of a Holder
    of any interest in any Global Note.

   

  Section 2.03          Denomination of Notes. The Notes will be issuable in registered form without coupons in minimum denominations of $1,000 principal amount
    and in integral multiples thereof.

   

  Section 2.04          Payments.

   

  (a)           General.

   

  (i)       Payment at Maturity. Unless earlier paid or deemed paid pursuant to any of Sections 3.05, 10.03 or 11.06 hereof, the Notes will mature on
    April 15, 2026 (the “Maturity Date”) and, on the Maturity Date, the Company will pay each Holder of Notes $1,000 in cash for each $1,000 principal amount of Notes held, together with accrued and unpaid interest to, but not including, the Maturity Date
    on such Notes.

   

  (ii)       Payment of Interest. Each Note will accrue interest at a rate equal to 2.875% per annum from the most recent date to which interest has
    been paid or duly provided for, or, if no interest has been paid or duly provided for, the Issue Date (or such other date provided for in Section 2.01(b) with respect to Notes issued in accordance with such Section) until, subject to the provisions of
    Section 2.04(d), the date the principal amount of such Note is paid or deemed paid, as the case may be, pursuant to Section 2.04(a)(i) or any of Sections 3.05, 10.03 or 11.06 hereof.

   

  Interest will be payable semi-annually in arrears on April 15 and October 15 of each year (each, an “Interest Payment Date”), beginning October 15, 2020 (or such
    other date provided for in Section 2.01(b) with respect to Notes issued in accordance with such Section), to the Holder of each such Note as of the Close of Business on the April 1 and October 1, as the case may be, immediately preceding the applicable
    Interest Payment Date (each such date, a “Regular Record Date”), regardless of whether such Note is converted, repurchased or redeemed after such Regular Record Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day
    months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

   

  (iii)       Method of Payment. The Company will pay the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, and the
    interest on, any Global Note to the Depositary by wire transfer of immediately available funds on the relevant payment date.

   

  The Company will pay the principal of, the Fundamental Change Repurchase Price or Redemption Price for, and any interest due on the Maturity Date on, any Definitive
    Note in cash to the applicable Holder of such Note at the office of the Paying Agent on the relevant payment date.

   

  The Company will pay interest due, on an Interest Payment Date, on any Definitive Note (except interest due on the Maturity Date) to the applicable Holder of such
    Note (i) if such Holder holds $5,000,000 or less aggregate principal amount of Notes, by check mailed to such Holder’s registered address, and (ii) if such Holder holds more than $5,000,000 aggregate principal amount of Notes, (A) by check mailed to
    such Holder’s registered address or (B) if such Holder delivers, not later than the Regular Record Date relating to such Interest Payment Date, a written request to the Registrar that the Company make such payments by wire transfer to an account of
    such Holder within the United States, by wire

   

  
    13

    
      
 

  

   transfer of immediately available funds to such account, which request shall remain in effect until such Holder notifies, in writing, the Registrar to the contrary.

   

  (b)       Interest Rights Preserved. Subject to the provisions of Section 2.04(d) hereof, and, to the extent applicable, Sections 2.09 and 2.11 hereof, each
    Note delivered under this Indenture upon registration of transfer of, or in exchange for, or in lieu of, any other Note will carry any rights to the payment and accrual of interest that were carried by the relevant surrendered Note, Notes, or
    portion(s) thereof.

   

  (c)       Additional Interest; Special Interest. Pursuant to Section 4.04 hereof, in certain circumstances, Additional Interest will accrue on the Notes.
    Pursuant to Section 6.04 hereof, in certain circumstances, the Company may, at its election, be obligated to pay Holders the Special Interest. Unless the context requires otherwise, all references in this Indenture to interest on the Notes will include
    such Additional Interest and Special Interest, but will not include any Default Interest payable pursuant to Section 2.04(d) hereof.

   

  (d)       Defaulted Amounts. Whenever any amount payable on a Note (including, the principal of, the Fundamental Change Repurchase Price or Redemption Price
    for, and interest on, such Note) has become due and payable, but the Company fails to punctually pay or duly provide for such amount (any such amount, a “Defaulted Amount”), such Defaulted Amount will forthwith cease to be payable to the Holder of such
    Note on the relevant payment date by virtue of its having been due such payment on such payment date, but will instead, to the extent permitted under applicable law, accrue interest (“Default Interest”) at a rate equal to the then-applicable interest
    rate plus 1.00% per annum from, and including, such payment date and to, but excluding, the date on which such Defaulted Amount is paid by the Company in accordance with either Section 2.04(d)(i) or Section 2.04(d)(ii) below.

   

  (i)       The Company may elect to pay any Defaulted Amount and Default Interest on such Defaulted Amount to the Persons in whose names the Notes (or their
    respective predecessor Notes) are registered at the Close of Business on a special record date for the payment of such Defaulted Amount and Default Interest (a “Special Regular Record Date”) fixed in accordance with the following procedures:

   

  (1)       At least 30 days before the date on which the Company proposes to pay such Defaulted Amounts and Default Interest thereon, the Company will
    deliver to the Trustee written notice of (I) the proposed payment date for such Defaulted Amounts and Default Interest thereon and (II) the aggregate amount of such Defaulted Amounts and Default Interest thereon.

   

  (2)       Simultaneously with delivering such notice to the Trustee, the Company will either (I) deposit with the Trustee an amount of money, in
    immediately available funds, equal to the aggregate amount of such Defaulted Amounts and Default Interest thereon, or (II) take other actions that the Trustee deems reasonably satisfactory to ensure that an amount of money, in immediately available
    funds, equal to the aggregate of such Defaulted Amounts and Default Interest thereon will be deposited with the Trustee by 10:00 a.m., New York City time, on the day that is five Business Days prior to the proposed payment date, and in either case,
    upon receipt of such money, the Trustee will hold such money in trust for the benefit of the Persons entitled to such Defaulted Amounts and Default Interest pursuant to this Section 2.04(d)(i).

   

  (3)       Upon (i) receipt of such notice and (ii) the Company’s depositing such money or taking such other actions reasonably satisfactory to the Trustee,
    the Company will promptly fix a Special Regular Record Date for the payment of such Defaulted Amounts and Default Interest thereon, which Special Regular Record Date will be not more than 15 calendar days and not less than 10 days prior to the proposed
    payment date, and notify the Trustee of the 

   

  
    14

    
      
 

  

  Special Regular Record Date. The Trustee will then, in the name and at the expense of the Company, deliver notice to each Holder
    specifying such Special Regular Record Date and the date on which such Defaulted Amounts and Default Interest thereon will be paid by the Company.

   

  (4)       After such notice has been delivered by the Trustee, such Defaulted Amounts and Default Interest thereon will be paid to the Persons in whose
    names the Notes (or their respective predecessor Notes) are registered at the Close of Business on the Special Regular Record Date specified in such notice and such Defaulted Amounts and Default Interest thereon will no longer be payable pursuant to
    this Section 2.04(d).

   

  (ii)       The Company may pay any Defaulted Amounts and Default Interest on such Defaulted Amounts in any other lawful manner that is not inconsistent with
    the requirements of any securities exchange or automated quotation system on which the Notes are then listed (or, if applicable, have been approved for listing) or designated for issuance, and upon such notice as may be required by such exchange or
    automated quotation system, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Section 2.04(d)(ii), such manner of payment will be deemed practicable by the Trustee.

   

  Section 2.05          Execution and Authentication.

   

  (a)       In General. A Note will be valid only if executed by the Company and authenticated by the Trustee.

   

  (b)       Execution. A Note will be deemed to have been executed by the Company when an Officer signs such Note on behalf of the Company. The Officer’s
    signature may be manual or facsimile, and the validity of such Officer’s signature will not turn on whether such signatory remains an Officer at the time the Trustee authenticates such Note.

   

  (c)       Authentication. A Note will be deemed authenticated when an authorized signatory of the Trustee manually signs the certificate of authentication on
    such Note. An authorized signatory of the Trustee will manually sign the certificate of authentication on a Note only if (i) the Company delivers such Note to the Trustee, (ii) such Note is validly executed by the Company in accordance with Section
    2.05(b) hereof, and (iii) the Company delivers, before or with such Note, a Company Order setting forth (A) a request that the Trustee authenticate such Note; (B) the principal amount of such Note; (C) the name of the Holder of such Note, (D) the date
    on which such Note is to be authenticated; and (E) any insertions, omissions or other variations, notations, legends or endorsements permitted under Section 2.02 hereof and applicable to such Note. If the Company Order also specifies that the Trustee
    must deliver such Note to the Holder or the Depositary, the Trustee will promptly deliver such Note in accordance with such Company Order.

   

  The Trustee may appoint an authenticating agent. If the Trustee appoints an authenticating agent and such authenticating agent is reasonably acceptable to the
    Company, such authenticating agent may authenticate a Note whenever the Trustee may authenticate such Note. For purposes of this provision, each reference in this Indenture to authentication by the Trustee will be deemed to include authentication by an
    authenticating agent, and an 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 2.06         Registrar, Paying Agent and Conversion Agent.

   

  (a)       General. The Company will maintain an office or agency in the continental United States where Notes may be presented for registration of transfer or
    for exchange (the “Registrar”), 

   

  
    15

    
      
 

  

  an office or agency where the Notes may be presented for payment, repurchase or redemption (the “Paying Agent”), an office or agency where the Notes may be presented
    for conversion (the “Conversion Agent”) and an office or agency where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.

   

  The Registrar will keep a register for the recordation of, and will record, the names and addresses of Holders, the Notes held by each Holder and the transfer,
    exchange, repurchase, redemption and conversion of Notes (the “Register”). Absent manifest error, the entries in the Register will be conclusive and the parties may treat each Person whose name is recorded in the Register pursuant to the terms hereof
    as a Holder hereunder for all purposes of this Indenture. The Register will be in written form or in any form capable of being converted into written form within a reasonably prompt period of time.

   

  The Company may have one or more registrars, one or more paying agents, one or more conversion agents and one or more places where notices and demands to, or upon,
    the Company with respect to the Notes and this Indenture may be served. Before appointing any Registrar, Paying Agent or Conversion Agent that is not otherwise a party to this agreement, the Company will enter into an appropriate agency agreement with
    such Registrar, Paying Agent or Conversion Agent, as the case may be, which agency agreement will implement the provisions of this Indenture that relate to such replacement or additional registrar, paying agent or conversion agent, as the case may be.
    The term Registrar includes any additional registrars named pursuant to this Indenture. The term Paying Agent includes any additional paying agent named pursuant to this Indenture. The term Conversion Agent includes any additional conversion agent
    named pursuant to this Indenture. Upon the occurrence of any Event of Default under Section 6.01(a)(ix) or 6.01(a)(x) with respect to the Company, the Trustee shall be the Paying Agent.

   

  (b)       Initial Designations. The Company initially appoints the Trustee as each of the Registrar, the Paying Agent, Conversion Agent, and the Notes initially
    may be presented for registration of transfer or for exchange, payment, repurchase, redemption and conversion to the Trustee, in its capacity as the Registrar, Paying Agent or Conversion Agent, as the case may be, at the Corporate Trust Office. Notices
    and demands to, or upon, the Company with respect to the Notes and this Indenture may be served at the Corporate Trust Office.

   

  (c)       Removal, Resignation and Replacement. The Company may remove any Registrar, Paying Agent or Conversion Agent by delivering written notice to the
    Trustee and to such Registrar, Paying Agent or Conversion Agent at least 30 days prior to the date of any such removal; provided, however, that no such removal will become effective unless (i) after such removal, at least one Registrar,
    Paying Agent and Conversion Agent will remain; (ii) a successor has accepted appointment as Registrar, Paying Agent or Conversion Agent, as the case may be, the Company and such successor have entered into an agency agreement in accordance with Section
    2.06(a) hereof, and the Company has delivered written notice of such appointment and a copy of such agency agreement to the Trustee, or (iii) the Company has delivered written notice to the Trustee that the Trustee will serve as the successor
    Registrar, Paying Agent or Conversion Agent, as the case may be, in accordance with Section 2.06(d) hereof; and provided, further, that the right to effect any such change or removal in no way relieves the Company of its obligation to
    maintain a Registrar, Paying Agent and Conversion Agent in the continental United States. The Company may also change the place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, or reduce the
    number of such places; provided, however, that the right to effect any such change or reduction in no way relieves the Company of its obligation to maintain a place in the continental United States where notices and demands to, or upon,
    the Company with respect to the Notes and this Indenture may be served.

   

  In addition, the Registrar, Paying Agent or Conversion Agent may resign at any time by delivering written notice of such resignation to each of the Company and the
    Trustee. If, after any such 

   

  
    16

    
      
 

  

  resignation, at least one Registrar, Paying Agent and Conversion Agent does not remain, the Trustee will immediately be deemed to serve such empty office or agency
    in accordance with Section 2.06(d) hereof.

   

  (d)       Failure to Maintain an Office or Agency. If the Company fails to maintain in the continental United States, a Registrar, Paying Agent, Conversion
    Agent or place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, the Trustee will act as the Registrar, Paying Agent, Conversion Agent, or place, as the case may be, and the office where the
    Notes may be presented for registration of transfer or for exchange, presented for payment, repurchase or redemption or surrendered for conversion, or place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture
    may be served, as the case may be, will be the Corporate Trust Office. In each such case, the Trustee will be entitled to compensation for such action pursuant to Section 7.06 hereof.

   

  (e)       Notices. Promptly upon the effectiveness of any removal or appointment of a Registrar, Paying Agent or Conversion Agent, or upon any change in the
    location of the office of any Registrar, Paying Agent or Conversion Agent, or of the place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, the Company will deliver to each Holder notice of
    such removal, appointment or change in location, as the case may be, which notice will include a brief description of the removal, appointment or change in location, as the case may be, and list the name and address of each continuing (and newly
    appointed, if applicable) Registrar, Paying Agent and Conversion Agent and place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served.

   

  Section 2.07        Money and Securities Held in Trust. Except as otherwise provided herein, by no later than 10:00 a.m., New York City time, on each due date
    for a payment on any Note, the Company will deposit with the Paying Agent an amount of money in immediately available funds, if deposited on the due date sufficient to make such payment when due.

   

  The Company will require that each Paying Agent (other than the Trustee, if the Trustee is a Paying Agent) agree in writing that it will (i) segregate all money and
    securities it holds for making payments with respect to the Notes; (ii) hold such money and securities in trust for the benefit of Holders; and (iii) notify the Trustee, in writing, as promptly as practicable, if the Company defaults in making any
    payment on the Notes.

   

  If any such default has occurred and is continuing, the Paying Agent will, upon receiving a written request from the Trustee, forthwith pay to the Trustee all of the
    money and securities it holds in trust. In addition, at any time, the Company may require a Paying Agent to pay all money and securities that it holds for making payments with respect to the Notes to the Trustee and to account for any money and
    securities it has disbursed. After delivering all of such money and securities to the Trustee pursuant to this Section 2.07, the Paying Agent (in its capacity as such) will have no further liability for such money and securities.

   

  Section 2.08        Holder Lists. The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names
    and addresses of Holders. If the Trustee is not the Registrar, the Company will furnish to the Trustee, (i) within five Business Days after each Regular Record Date, a list of the names and addresses of Holders as of such Regular Record Date, and (ii)
    at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of such request, a list of the names and addresses of Holders as of no more than 15 days immediately prior to the date such list is furnished, in
    each case, in such form as the Trustee may reasonably require.

   

  Section 2.09        Transfer and Exchange.

   

  (a)       Provisions Applicable to All Transfers and Exchanges.

   

  
    17

    
      
 

  

  (i)       Subject to the restrictions set forth in this Section 2.09, Definitive Notes and beneficial interests in Global Notes may be transferred or
    exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register.

   

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

   

  (iii)       No service charge will be imposed on any Holder of a Definitive Note or any owner of a beneficial interest in a Global Note for any exchange or
    registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge imposed in connection
    with such registration of transfer or exchange.

   

  (iv)       Unless the Company specifies otherwise, none of the Company, the Trustee, the Registrar or any co-registrar will be required to exchange or
    register a transfer of any Note (i) surrendered for conversion, except to the extent that any portion of such Note has not been surrendered for conversion, (ii) subject to a Fundamental Change Repurchase Notice validly delivered pursuant to Section
    3.03 hereof, except to the extent any portion of such Note is not subject to a Fundamental Change Repurchase Notice or the Company fails to pay the applicable Fundamental Change Repurchase Price when due, or (iii) after the Company has delivered a
    Redemption Notice pursuant to Section 11.03 hereof, except to the extent the Company fails to pay the applicable Redemption Price when due.

   

  (v)       The Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on Transfer imposed under this
    Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Agent Members or beneficial owners of interests in any Global Note) other than to require delivery of such certificates
    and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

   

  (b)       In General; Transfer and Exchange of Beneficial Interests in Global Notes. So long as the Notes are eligible for book-entry settlement with the
    Depositary (unless otherwise required by law and except to the extent required by Section 2.09(c) hereof):

   

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

   

  (ii)       every transfer and exchange of a beneficial interest in a Global Note will be effected through the Depositary in accordance with the Applicable
    Procedures and the provisions of this Indenture (including the restrictions on Transfer set forth in Section 2.10 hereof); and

   

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

   

  The Company will not, nor will the Trustee, Registrar, Paying Agent or Conversion Agent, have any responsibility or liability for any actions taken or not taken by
    the Depositary.

   

  
    18

    
      
 

  

  (c)       Transfer and Exchange of Global Notes.

   

  (i)       Notwithstanding any other provision of this Indenture, each Global Note will be exchanged for Definitive Notes if the Depositary delivers notice to
    the Company that:

   

  (1)       the Depositary is unwilling or unable to continue to act as Depositary; or

   

  (2)       the Depositary is no longer registered as a clearing agency under the Exchange Act,

   

  and, in each case, the Company promptly delivers a copy of such notice to the Trustee and the Company fails to appoint a successor Depositary within 90 days after receiving notice from
    the Depositary.

   

  In each such case, (1) each Global Note will be deemed surrendered to the Trustee for cancellation, (2) the Trustee will promptly cancel each such Global Note in
    accordance with the Applicable Procedures, (3) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute, for each beneficial interest in each Global Note so cancelled, an aggregate principal amount of Definitive Notes equal to the
    aggregate principal amount of such beneficial interest, registered in such name and authorized denominations as the Depositary specifies, and bearing such legends as such Definitive Notes are required to bear under Section 2.02 and Section 2.10 hereof,
    and, (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Notes and a Company Order including the information specified in Section 2.05(c) hereof with respect to such Definitive Notes, and (4) the Trustee,
    upon receipt of such Definitive Notes and such Company Order, in accordance with Section 2.05 hereof, will promptly authenticate, and deliver to the Holder specified in such Company Order, such Definitive Notes.

   

  (ii)       In addition:

   

  (1)       if an Event of Default has occurred and is continuing, any owner of a beneficial interest in a Global Note may exchange such beneficial interest
    for Definitive Notes by delivering a written request to the Company, the Registrar and the Trustee; or

   

  (2)       at any time, the Company may, in its sole discretion, at the request of the owner of a beneficial interest in a Global Note, permit the exchange
    of such owner’s beneficial interest, by delivering a written request to the Registrar, the Trustee and the owner of such beneficial interest.

   

  In each case, (1) upon receipt of such request, the Registrar will promptly deliver written notice of such request to the Company and the Trustee, which notice must
    identify the owner of the beneficial interest to be exchanged, the aggregate principal amount of such beneficial interest and the CUSIP number of the relevant Global Note; (2) the Trustee, upon receipt of such notice, will promptly cause the aggregate
    principal amount of such Global Note to be reduced by the aggregate principal amount of the beneficial interest to be so exchanged in accordance with the Applicable Procedures, (3) the Company (x) in accordance with Section 2.05 hereof, will promptly
    execute, for such beneficial interest, a Definitive Note having aggregate principal amount equal to the aggregate principal amount of such beneficial interest, registered in the name of the owner specified in the notice delivered by the Registrar, and
    bearing such legends as such Definitive Note is required to bear under Sections 2.02 and 2.10 hereof, and, (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Note and a Company Order including the
    information specified in Section 2.05(c) hereof with respect to such Definitive Note, and (4) the Trustee, upon receipt of such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to
    the Holder specified in such Company Order, such Definitive Note. If, after such exchange, all of the beneficial interests in a

   

  
    19

    
      
 

  

  Global Note have been exchanged for Definitive Notes, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such
    Global Note to be cancelled in accordance with the Applicable Procedures.

   

  (d)       Transfer and Exchange of Definitive Notes. If Definitive Notes are issued, a Holder may:

   

  (i)       transfer a Definitive Note by: (A) surrendering such Definitive Note for registration of transfer to the Registrar, together with any endorsements
    or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar; (B) if such Definitive Note is a Restricted Note, delivering any documentation that any of the Company, the Trustee and the Registrar require to ensure
    that such transfer complies with Section 2.10 hereof and any applicable securities laws; and (C) satisfying any other requirements for such transfer set forth in this Section 2.09 and Section 2.10 hereof. Upon the satisfaction of conditions (A), (B)
    and (C), (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute a new Definitive Note, in the name of the designated transferee, having an aggregate principal amount equal to that of the transferred Definitive Note and
    bearing such legends as such Definitive Note is required to bear under Sections 2.02 and 2.10 hereof, and (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Definitive Note and a Company Order including the information
    specified in Section 2.05(c) with respect to such Definitive Note, and (2) the Trustee, upon receipt of such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder
    specified in such Company Order, such Definitive Note.

   

  (ii)       exchange one or more Definitive Notes for one or more other Definitive Notes of any authorized denominations, and in aggregate principal amount
    equal to the aggregate principal amount of the one or more Definitive Notes to be exchanged, by surrendering such one or more Definitive Notes, together with any endorsements or instruments of transfer reasonably required by any of the Company, the
    Trustee and the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06 hereof. Whenever a Holder so surrenders one or more Definitive Notes for exchange, (1) the Company, (x) in accordance with Section
    2.05 hereof, will promptly execute one or more new Definitive Notes, each in the name of such Holder, in the authorized denomination or denominations that such Holder requested (which authorized denomination or authorized denominations, as the case may
    be, must, in aggregate, equal the aggregate principal amount of the one or more Definitive Notes to be exchanged), and bearing a unique registration number not contemporaneously outstanding and such legends as such Definitive Note is required to bear
    under Sections 2.02 and 2.10 hereof, and (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee each such Definitive Note and a Company Order including the information specified in Section 2.05(c) with respect to each such
    Definitive Note, and (2) the Trustee, upon receipt of each such Definitive Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, each such Definitive
    Note.

   

  (iii)       transfer or exchange a Definitive Note for a beneficial interest in a Global Note by (A) surrendering such Definitive Note for registration of
    transfer or exchange, together with any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06
    hereof; (B) if such Definitive Note is a Restricted Note, delivering any documentation that any of the Company, the Trustee and the Registrar require to ensure that such transfer complies with Section 2.10 hereof and any applicable securities laws; (C)
    satisfying any other requirements for such transfer set forth in this Section 2.09 and Section 

   

  
    20

    
      
 

  

  2.10 hereof; and (D) providing written instructions to the Trustee to make an adjustment in its books and records with respect
    to the applicable Global Note to reflect an increase in the aggregate principal amount of the Notes represented by such Global Note, which instructions will contain information regarding the Depositary account to be credited with such increase. Upon
    the satisfaction of conditions (A), (B), (C) and (D), the Trustee (1) will promptly cancel such Definitive Note and, (2) will promptly cause the aggregate principal amount of Notes represented by such Global Note to be increased by the aggregate
    principal amount of such Definitive Note, and credit, or cause to be credited, the account of the Person specified in the instructions provided by the exchanging Holder in an amount equal to the aggregate principal amount of such Definitive Note, in
    each case, in accordance with the Applicable Procedures. If at the time of such exchange, no Global Notes are then outstanding, the Company, (x) in accordance with Section 2.05 hereof, will promptly execute and deliver to the Trustee, a new Global Note
    registered in the name of the Depositary or a nominee of the Depositary, as the case may be, having the appropriate aggregate principal amount, and bearing such legends as such Global Note is required to bear under Sections 2.02 and 2.10 hereof, and
    (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Global Note and a Company Order including the information specified in Section 2.05(c) with respect to such Global Note, and (2) the Trustee, upon receipt of such
    Global Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the depositary, its nominee, or a custodian of the depositary or its nominee, as the case may be, such Global Note.

   

  Section 2.10         Transfer Restrictions.

   

  (a)       Restricted Notes.

   

  (i)       General. Each Note (and every security issued in exchange therefor or substitution thereof, except any shares of Common Stock issued upon
    conversion thereof, which may bear the Restricted Stock Legend) that bears, or that is required under this Section 2.10 to bear, the Restricted Notes Legend will be deemed a “Restricted Note,” and will be subject to the restrictions on Transfer set
    forth in this Indenture (including in the Restricted Notes Legend) unless such restrictions on Transfer are eliminated or otherwise waived by written consent of the Company, and each Holder of a Restricted Note, by such Holder’s acceptance of such
    Restricted Note, will be deemed to be bound by the restrictions on Transfer applicable to such Note.

   

  (ii)       When Restrictions Apply. Except as provided elsewhere in this Indenture (including Section 2.10(a)(iii)), until the Free Trade Date of a
    Note, every certificate evidencing such Note (and every security issued in exchange therefor or substitution thereof, except any shares of Common Stock issued upon the conversion thereof, which may be required to bear the Restricted Stock Legend) will
    bear the Restricted Notes Legend unless:

   

  (1)       such Note is being Transferred to a person (other than (x) the Company or (y) an affiliate (as defined in Rule 144) of the Company) pursuant to a
    registration statement that was effective under the Securities Act at the time of such Transfer; or

   

  (2)       such Note is being Transferred to a person (other than (x) the Company or (y) an affiliate (as defined in Rule 144) of the Company) pursuant to
    an available exemption from the registration requirements of the Securities Act (including Rule 144) and, after such Transfer, such Note will no longer constitute “a restricted security” (within the meaning of Rule 144),

   

  and, in case (B), the Holder effecting such Transfer delivers to the Trustee, the Company and the Registrar any documents or evidence required pursuant to the Restricted Notes Legend or
    this Indenture (including, in the case of Definitive Notes, Section 2.10(a)(iii)).

   

  
    21

    
      
 

  

  (iii)       Termination of Transfer Restrictions.

   

  (1)       Except as otherwise provided in this Indenture (including Section 2.10(a)(iii)(2)) or as permitted under the terms of the Restricted Notes
    Legend, if a Holder requests that the Company remove the Restricted Notes Legend from a Definitive Note that is a Restricted Note, the Restricted Notes Legend will not be removed from such Restricted Note unless such Holder delivers, (1) to each of the
    Company and the Registrar a transfer certificate in the form attached as Exhibit B hereto and, (2) to each of the Company, the Registrar and the Trustee, any evidence that each of the Company, the Registrar and the Trustee, as the case may be,
    reasonably require, that (x) neither the Restricted Notes Legend nor the Transfer restrictions set forth therein are required to ensure that Transfers of such Restricted Note will comply with applicable law and (y) after such Transfer, such Restricted
    Note will not be a “restricted security” (within the meaning of Rule 144); provided, however, that, upon provision of such required transfer certificate and evidence, the Company, the Trustee and the Registrar will permit such
    Restricted Note to be exchanged in accordance with Section 2.09(d)(ii) hereof for one or more new Definitive Notes that do not bear the Restricted Notes Legend. In addition, upon receipt by the Trustee and the Registrar of a Company Order specifying
    that a Note need not bear the Restricted Notes Legend to comply with applicable law, each of the Trustee and the Registrar will permit such Note to be exchanged in accordance with Section 2.09(d)(ii) hereof for one or more new Definitive Notes that do
    not bear the Restricted Notes Legend.

   

  (2)       At any time on or after the Free Trade Date with respect to a Note, if such Note is represented by one or more Global Notes that are Restricted
    Notes, the Company shall delegend such Note by:

   

  (A)       providing written notice to the Trustee and the Registrar that the Free Trade Date has occurred and instructing the Trustee to remove the
    Restricted Notes Legend from such Global Notes or to deem the Restricted Notes Legend removed;

   

  (B)       providing written notice to each owner of a beneficial interest in any of such Global Notes, which notice will state that the Restricted Notes
    Legend has been removed or has been deemed removed from the applicable Global Note and include the unrestricted CUSIP that will thereafter apply to such applicable Global Note;

   

  (C)       providing written notice to the Trustee and the Depositary that the CUSIP number for each such Global Note will be changed to an unrestricted CUSIP
    number, which unrestricted CUSIP number will be listed in such notice;

   

  (D)       complying with any Applicable Procedures for delegending;

   

  (E)        providing written notice to the Transfer Agent that the Free Trade Date has occurred, whereupon the Restricted Notes Legend will be deemed removed
    from such Global Notes; and

   

  (F)        if required by the Trustee or Depositary, exchanging such Global Notes for Global Notes that do not bear the Restricted Notes Legend.

   

  (iv)       Reinstatement of Restricted Notes Legend. If the Restricted Notes Legend is removed from the face of a Note and the Note is subsequently
    held by the Company or 

   

  
    22

    
      
 

  

  an affiliate (as defined in Rule 144) of the Company, the Restricted Notes Legend will be reinstated.

   

  (b)       Restricted Stock. If any shares of Common Stock are issued upon conversion of any Notes, and such shares of Common Stock are issued prior to the
    relevant Free Trade Date, then any certificate representing such shares of Common Stock will, upon such issuance, bear the Restricted Stock Legend unless:

   

  (i)       such shares of Common Stock are being issued to a person (other than (x) the Company or (y) an affiliate (as defined in Rule 144) of the Company)
    pursuant to a registration statement that is effective under the Securities Act at the time of such issuance;

   

  (ii)       such shares of Common Stock are being issued to a person (other than (x) the Company or (y) an affiliate (as defined in Rule 144) of the Company)
    pursuant to an available exemption from the registration requirements of the Securities Act such that, upon issuance, such shares of Common Stock will not constitute “restricted securities” (within the meaning of Rule 144); or

   

  (iii)       the Company delivers written notice to the Transfer Agent and the Registrar stating that the certificate representing such shares of Common Stock
    need not bear the Restricted Stock Legend to comply with applicable law.

   

  Section 2.11          Replacement Notes. If (a)(i) a mutilated Note is surrendered to the Registrar or (ii) the Holder of a Note claims that such Note has been
    lost, destroyed or stolen and provides the Company and the Trustee with (A) evidence of such loss, theft or destruction that is reasonably satisfactory to the Company and the Trustee and (B) any amount or kind of security or indemnity that either of
    the Company or the Trustee reasonably request to protect itself from any loss that it may suffer upon replacement of such Note, and, in either case, (b) such Holder satisfies any other reasonable requirements of the Trustee, including the payment of
    any tax or other governmental charge that may be imposed in connection with the replacement of such Note, then, unless the Company or the Trustee receives notice that such Note has been acquired by a bona fide purchaser, the Company will, in accordance
    with Section 2.05 hereof, promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, in accordance with Section 2.05 hereof, and the documents required by Sections 12.03 and 12.04 hereof, will promptly authenticate
    and deliver, in the name of such Holder, a replacement Note having the same aggregate principal amount as the Note that was mutilated or claimed to be lost, destroyed or stolen, bearing any restrictive legends required by Section 2.02 or 2.10 hereof
    and with a certificate number not contemporaneously outstanding.

   

  Every new Note issued pursuant to this Section 2.11 in exchange for any mutilated Note, or in lieu of any destroyed, lost or stolen Note, will constitute an original
    contractual obligation of the Company and any other obligor upon the Notes, regardless of whether the mutilated, destroyed, lost or stolen Note will be at any time enforceable by anyone, and will be entitled to all benefits of (and will be subject to
    all the limitations set forth in) this Indenture equally and proportionately with any and all other Notes duly issued hereunder.

   

  Section 2.12          Temporary Notes. Until Definitive Notes are ready for delivery, the Company may execute and the Trustee or an authenticating agent
    appointed by the Trustee will, upon written request of the Company, authenticate and deliver temporary Notes (printed or lithographed) (“Temporary Notes”). Temporary Notes will be issuable in any authorized denomination, and substantially in the form
    of Definitive Notes, but with such omissions, insertions and variations as may be appropriate for Temporary Notes, all as may be determined by the Company. Every such Temporary Note will be executed by the Company and authenticated by the Trustee or
    such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Notes. Without unreasonable 

   

  
    23

    
      
 

  

  delay the Company will prepare, execute and deliver to the Trustee or such authenticating agent Definitive Notes (other than any Global Note) and thereupon any or all
    Temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or agency maintained by the Company pursuant to Section 2.06 hereof and the Trustee or such authenticating agent will authenticate and deliver in
    exchange for such Temporary Notes Definitive Notes having an aggregate principal amount equal to such Temporary Notes. Such exchange will be made by the Company at its own expense and without any charge therefor. Until so exchanged, the Temporary Notes
    will, in all respects, be entitled to the same benefits and subject to the same limitations under this Indenture as Definitive Notes authenticated and delivered hereunder.

   

  Section 2.13        Cancellation. The Company shall cause all Notes surrendered for the purpose of payment, repurchase, redemption, registration of transfer or
    exchange or conversion, if surrendered to any Person other than the Trustee (including any of the Company’s agents, Subsidiaries or Affiliates), to be surrendered to the Trustee for cancellation. The Company shall cause any Notes acquired by it in any
    manner whatsoever to be delivered to the Trustee for cancellation. All Notes delivered to the Trustee shall be canceled by it, and no Notes shall be authenticated in exchange thereof except as expressly permitted by any of the provisions of this
    Indenture. The Trustee shall dispose of canceled Notes in accordance with its customary procedures and, after such disposition, shall deliver a certificate of such disposition to the Company, at the Company’s written request in a Company Order. If the
    Company shall acquire any of the Notes, such acquisition shall not operate as a redemption, repurchase or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation.

   

  Section 2.14        Outstanding Notes. At any time, Notes outstanding are limited to all Notes authenticated by the Trustee except (i) those cancelled by it,
    (ii) those delivered to it for cancellation and (iii) those deemed not outstanding under Section 3.05(c), Section 10.02 and Section 11.06 hereof and clauses (a) and (b) of this Section 2.14.

   

  (a)       If a Note is replaced pursuant to Section 2.11 hereof, such Note will cease to be outstanding at the time of its replacement unless the Trustee and the
    Company receive proof satisfactory to them that such Note is held by a bona fide purchaser.

   

  (b)       In addition, if the Company, any other obligor or an Affiliate of the Company or an Affiliate of such other obligor holds a Note, such Note will be
    disregarded and deemed not to be outstanding for purposes of determining whether the Holders of the requisite aggregate principal amount of Notes have given or concurred in any request, demand, authorization, direction, notice, consent, waiver or other
    action hereunder. Subject to the foregoing, only Notes outstanding at the time of any such determination will be considered in such determination (including determinations pursuant to Article VI and Article IX hereof).

   

  Section 2.15        Persons Deemed Owners. Prior to due presentment of a Note for registration of transfer, the Company, the Trustee and any agent of the
    Company or the Trustee may treat the Person in whose name such Note is registered in the Register as the owner of such Note for the purpose of receiving the payment of the principal, Fundamental Change Repurchase Price or Redemption Price of, and
    interest, if any, on, such Note, for the purpose of conversion of such Note and for all other purposes whatsoever with respect to such Note, and none of the Company, the Trustee or any agent of the Company or the Trustee will be affected by any notice
    to the contrary.

   

  Section 2.16        Additional Notes; Repurchases. The Company may, without the consent of the Holders and notwithstanding Section 2.01, reopen this Indenture
    and issue additional Notes hereunder with the same terms as the Notes initially issued hereunder (other than differences in the issue price and interest accrued prior to the issue date of such additional Notes) in an unlimited aggregate principal
    amount; provided, however, that if any such additional Notes are not fungible with the Notes initially issued

   

  
    24

    
      
 

  

  hereunder for U.S. federal income tax purposes or securities law purposes, such additional Notes shall have one or more separate CUSIP numbers. Prior to the issuance
    of any such additional Notes, the Company shall deliver to the Trustee a Company Order, an Officers’ Certificate setting forth the terms of the additional Notes and the form thereof and an Opinion of Counsel, such Officers’ Certificate and Opinion of
    Counsel covering, in addition to those statements required by Sections 12.03 and 12.04, the issuance, authentication and delivery of the additional Notes and the execution and authentication of the Notes are authorized or permitted by this Indenture
    and an Opinion of Counsel to the effect that the additional Notes are valid, binding and enforceable against the Company in accordance with their terms, subject to then customary exceptions.

   

  In addition, the Company may, to the extent permitted by law, and directly or indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes in the open
    market or otherwise, whether by the Company or its Subsidiaries or through a private or public tender or exchange offer or through counterparties to private agreements, including by cash-settled swaps or other derivatives. The Company shall cause any
    Notes so repurchased (other than Notes repurchased pursuant to cash-settled swaps or other derivatives) to be surrendered to the Trustee for cancellation in accordance with Section 2.13 and such Notes shall no longer be considered outstanding under
    this Indenture upon their repurchase.

   

  Section 2.17        CUSIPs.

   

  (a)       Whenever “CUSIP” and “ISIN” numbers are generally in use, the Company will use CUSIP and ISIN numbers with respect to the Notes, which CUSIP and ISIN numbers
    (i) for Restricted Notes, will be restricted numbers, and (ii) for Notes that are not Restricted Notes, will be unrestricted numbers. Whenever the Company uses CUSIP and ISIN numbers, the Trustee will also use CUSIP and ISIN numbers in each notice it
    delivers to the Holders; provided, that neither the Company nor the Trustee will be responsible for any defect in any CUSIP or ISIN number that appears on any Note, check, advice of payment or notice, including any notice delivered pursuant to
    Section 11.03. The Company will promptly notify the Trustee in writing in the event of any change in the CUSIP or ISIN numbers.

   

  (b)       In addition, if, when any shares of Common Stock are issued upon conversion of a Note, CUSIP and ISIN numbers are generally in use, the Company will use
    CUSIP and ISIN numbers with respect to such shares of Common Stock, which CUSIP and ISIN numbers (i) for shares of Common Stock to which the restrictions on Transfer set forth in the Restricted Stock Legend apply, will be restricted numbers, and (ii)
    for shares of Common Stock to which the restrictions on Transfer set forth in the Restricted Stock Legend do not apply, will be unrestricted numbers.

   

  (c)       Whenever any of the CUSIP or ISIN numbers with respect to the Notes or the shares of Common Stock issuable upon conversion of the Notes change, cease to be
    used, or begin to be used, the Company will deliver prompt written notice of such change, cessation, or beginning to each of the Trustee and the Holders.

   

  Article III

    

    REPURCHASE AT THE OPTION OF THE HOLDER

   

  Section 3.01        Fundamental Change Permits Holders to Require the Company to Repurchase the Notes.

   

  (a)       General. If a Fundamental Change occurs at any time prior to the Maturity Date, each Holder will have the right to require the Company to repurchase
    all of its Notes or any portion of its Notes in principal amount equal to $1,000 or an integral multiple thereof on the Fundamental Change Repurchase Date for such Fundamental Change for an amount of cash equal to the Fundamental Change Repurchase
    Price for such Fundamental Change Repurchase Date and such Notes.

   

  
    25

    
      
 

  

  (b)       Fundamental Change Repurchase Price. The “Fundamental Change Repurchase Price” means, for any Notes to be repurchased on any Fundamental Change
    Repurchase Date, a price equal to 100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such Fundamental Change Repurchase Date; provided, however, that if a Fundamental
    Change Repurchase Date occurs after a Regular Record Date, but on or prior to the Interest Payment Date corresponding to such Regular Record Date, the Company will pay the accrued and unpaid interest on such Notes, on such Interest Payment Date, to the
    Holder of such Notes as of the Close of Business on such Regular Record Date, and the Fundamental Change Repurchase Price shall not include such accrued and unpaid interest.

   

  (c)       Fundamental Change Repurchase Date. The “Fundamental Change Repurchase Date” means, for any Fundamental Change, the date specified by the Company in
    the Fundamental Change Notice for such Fundamental Change, which date will be not less than 20 Business Days, nor more than 35 Business Days, immediately following the Fundamental Change Notice Date for such Fundamental Change.

   

  Section 3.02        Fundamental Change Notice.

   

  (a)       General. On or before the 20th business day immediately following the effective date of a Fundamental Change, the Company will deliver to each Holder
    (and to any beneficial owners of a Global Note, as required by applicable law), the Trustee and the Paying Agent written notice of such Fundamental Change and the resulting repurchase right (the “Fundamental Change Notice,” and the date of such
    mailing, the “Fundamental Change Notice Date”). Simultaneously with mailing any Fundamental Change Notice to the Holders, the Trustee and the Paying Agent, the Company will publish a notice containing the same information as the Fundamental Change
    Notice on its website or through such other public medium as the Company may use at such time, and will either issue a press release or file a Form 8-K indicating that such notice has been published.

   

  For any Fundamental Change, the Fundamental Change Notice corresponding to such Fundamental Change will specify:

   

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

   

  (ii)      the effective date of such Fundamental Change;

   

  (iii)     the last date on which a Holder may exercise its right to require the Company to repurchase its Notes as a result of such Fundamental Change under
    this Article III;

   

  (iv)     the procedures that a Holder must follow to require the Company to repurchase a Note;

   

  (v)      the Fundamental Change Repurchase Price for each $1,000 principal amount of Notes for such Fundamental Change;

   

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

   

  (vii)    that the Fundamental Change Repurchase Price for any Note for which a Fundamental Change Repurchase Notice has been duly tendered and not validly
    withdrawn will be paid promptly following the later of the Fundamental Change Repurchase Date and the time such Note is surrendered for repurchase;

   

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

   

  
    26

    
      
 

  

  (ix)     the Conversion Rate in effect on the Fundamental Change Notice Date for such Fundamental Change and the Last Reported Sale Price of the Common Stock
    on the Trading Day immediately preceding the Fundamental Change Notice Date;

   

  (x)      any adjustments that will be made to the Conversion Rate as a result of such Fundamental Change, including any Additional Shares by which the
    Conversion Rate will be increased pursuant to Section 10.07 hereof for a Holder that converts a Note “in connection with” such Fundamental Change;

   

  (xi)     that any Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a Holder may be converted only if such Holder
    withdraws such Fundamental Change Repurchase Notice in accordance with the terms of this Indenture or to the extent any portion of such Notes are not subject to such Fundamental Change Repurchase Notice;

   

  (xii)    the procedures for withdrawing a Fundamental Change Repurchase Notice;

   

  (xiii)   that if a Note or portion of a Note is subject to a validly delivered Fundamental Change Repurchase Notice, unless the Company defaults in paying
    the Fundamental Change Repurchase Price for such Note or portion of a Note, interest, if any, on such Note or portion of a Note will cease to accrue on and after the Fundamental Change Repurchase Date; and

   

  (xiv)   the CUSIP and ISIN number(s) of the Notes.

   

  (b)       Failure or Defect. Notwithstanding anything provided elsewhere in this Indenture, neither the failure of the Company to deliver a Fundamental Change
    Notice nor a defect in a Fundamental Change Notice delivered by the Company will limit the repurchase rights of any Holder under this Article III or impair or otherwise affect the validity of any proceedings relating to the repurchase of any Note
    pursuant to this Article III.

   

  Section 3.03          Fundamental Change Repurchase Notice.

   

  (a)       General. To exercise its repurchase rights under Section 3.01(a) hereof with respect to any Notes pursuant to a Fundamental Change, the Holder thereof
    must deliver to the Paying Agent, by the Close of Business on the Business Day immediately preceding the Fundamental Change Repurchase Date, subject to extension to comply with applicable law:

   

  (i)       a duly completed “Fundamental Change Repurchase Notice,” substantially in the form set forth in Exhibit A hereto (a “Fundamental Change
    Repurchase Notice”) setting forth that such Holder is tendering such Notes for repurchase; and

   

  (ii)      such Notes (A) by book-entry transfer if such Notes are Global Notes, or (B) by physical delivery, if such Notes are Definitive Notes, in each
    case, together with any endorsements or other documents reasonably requested by the Paying Agent, the Trustee or the Company.

   

  (b)       Contents of Fundamental Change Repurchase Notice. The Fundamental Change Repurchase Notice for any Note must state:

   

  (i)       if such Note is to be repurchased in part, the principal amount of such Note to be repurchased, which principal amount must equal $1,000 or an
    integral multiple thereof;

   

  
    27

    
      
 

  

  (ii)       that such Note will be repurchased by the Company pursuant to the provisions of this Article III; and

   

  (iii)       if such Note is a Definitive Note, the certificate number of such Note.

   

  (c)       If the Notes to be repurchased are Global Notes, the Fundamental Change Repurchase Notice for such Notes must comply with the Applicable Procedures.

   

  (d)       Notice to Company. If any Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice with respect to a Note or any portion of
    a Note, the Paying Agent will promptly deliver to the Company a copy of such Fundamental Change Repurchase Notice.

   

  (e)       Effect of Improper Notice. Unless and until the Paying Agent receives a validly endorsed and delivered Fundamental Change Repurchase Notice with
    respect to a Note, together with such Note, in a form that conforms in all material aspects with the description contained in such Fundamental Change Repurchase Notice, the Holder submitting the Notes will not be entitled to receive the Fundamental
    Change Repurchase Price for such Note.

   

  Section 3.04          Withdrawal of Fundamental Change Repurchase Notice.

   

  (a)       General. After a Holder delivers a Fundamental Change Repurchase Notice with respect to a Note, such Holder may withdraw such Fundamental Change
    Repurchase Notice with respect to such Note or any portion of such Note in principal amount equal to $1,000 or an integral multiple thereof by delivering to the Paying Agent a written notice of withdrawal prior to the Close of Business on the Business
    Day immediately preceding the Fundamental Change Repurchase Date to the Paying Agent. Any such withdrawal notice must state:

   

  (i)       the principal amount of the Notes with respect to which such notice of withdrawal pertains, which must equal $1,000 or an integral multiple
    thereof;

   

  (ii)      the principal amount of the Notes that remains subject to the original Fundamental Change Repurchase Notice, which portion must have a principal
    amount equal to $1,000 or an integral multiple of thereof; and

   

  (iii)     if the Notes subject to such Fundamental Change Repurchase Notice were Definitive Notes, the certificate numbers of the Notes to be withdrawn and
    the Notes that will remain subject to the Fundamental Change Repurchase Notice.

   

  If the Notes to be withdrawn are Global Notes, a Holder must deliver its notice of withdrawal in compliance with the Applicable Procedures.

   

  (b)       Return of Note. Upon receipt of a validly delivered withdrawal notice, the Paying Agent will promptly (i) if such notice pertains to a Definitive Note
    or a portion of a Definitive Note, return such Note or portion of a Note to such Holder, in the amount specified in such withdrawal notice; and, (ii) if such notice pertains to a beneficial interest in a Global Note, in compliance with the Applicable
    Procedures, deem to be cancelled any instructions for book-entry transfer of such beneficial interest, in the amount specified in such withdrawal notice.

   

  (c)       Notice to Company. If any Holder validly delivers to the Paying Agent a notice of withdrawal with respect to a Note or any portion of a Note, the
    Paying Agent will promptly deliver to the Company a copy of such notice of withdrawal.

   

  
    28

    
      
 

  

  Section 3.05        Effect of Fundamental Change Repurchase Notice.

   

  (a)       General. If a Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice (together with all necessary endorsements) with
    respect to a Note, such Holder may no longer convert such Note unless and until such Holder validly withdraws such Fundamental Change Repurchase Notice in accordance with Section 3.04 hereof.

   

  (b)       Timing of Payment. Upon the Paying Agent’s receipt of (i) a valid Fundamental Change Repurchase Notice (together with all necessary endorsements) and
    (ii) the Notes to which such Fundamental Change Repurchase Notice pertains, the Holder of the Notes to which such Fundamental Change Repurchase Notice pertains will be entitled, except to the extent such Holder has validly withdrawn such Fundamental
    Change Repurchase Notice in accordance with hereof to receive the Fundamental Change Repurchase Price with respect to such Notes on the later of the following (subject to extension to comply with applicable law) (i) the Fundamental Change Repurchase
    Date and (ii)(A) if such Notes are Definitive Notes, the date of delivery of such Notes to the Paying Agent, duly endorsed, or (B) if such Notes are Global Notes, the date of book-entry transfer of such Notes to the Paying Agent, or, if such later date
    is not a Business Day, the Business Day immediately following such later date.

   

  (c)       Effect of Deposit. If, as of 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Company, in
    accordance with Section 3.08 hereof, has deposited with the Paying Agent money sufficient to pay the Fundamental Change Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice validly delivered in accordance with Section 3.03
    hereof and not validly withdrawn in accordance with Section 3.04 hereof, at the Close of Business on the Fundamental Change Repurchase Date:

   

  (i)       the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of
    such Notes is made or whether or not such Notes are delivered to the Paying Agent), except to the extent provided in the proviso to Section 3.01(b); and

   

  (ii)       all other rights of the Holders of such Notes with respect to such Notes (other than the right to receive payment of the Fundamental Change
    Repurchase Price upon delivery or transfer of such Notes and any Defaulted Amounts or Default Interest with respect to the Notes, and other than as provided in the proviso to Section 3.01(b)) will terminate.

   

  Section 3.06        Notes Repurchased in Part. If any Definitive Note is to be repurchased only in part, the Holder must surrender such Note at the office of
    the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder of such Note or such Holder’s attorney-in-fact,
    duly authorized in writing), whereupon the Company, in accordance with Section 2.05 hereof, will promptly execute, and, upon receipt of a Company Order and the documents required by Sections 12.03 and 12.04 hereof, the Trustee, in accordance with
    Section 2.05 hereof, will promptly authenticate and deliver, to the surrendering Holder, a new Note or Notes of any authorized denomination or denominations requested by such Holder in aggregate principal amount equal to the portion of the principal
    amount of the Note so surrendered which is not repurchased. If any Global Note is repurchased in part, the Company will instruct the Trustee to decrease the principal amount of such Global Note by the principal amount repurchased. Any Notes that are
    repurchased or owned by the Company, whether or not in connection with a Fundamental Change, will be submitted to the Trustee for cancellation and will be duly retired by the Company.

   

  Section 3.07        Covenant to Comply With Securities Laws Upon Repurchase of Notes. In connection with any repurchase offer pursuant to a Fundamental Change
    Repurchase Notice under this Article III, the Company will, to the extent applicable, (i) comply with Rule 13e-4 and any other tender offer rules under 

   

  
    29

    
      
 

  

  the Exchange Act that may be applicable at the time of the offer to repurchase the Notes, (ii) file the related Schedule TO (or any successor schedule, form or report)
    under the Exchange Act, and (iii) otherwise comply with any applicable United States federal and state securities laws so as to permit Holders to exercise their rights and obligations under Section 3.01 hereof in the time and in the manner specified in
    Sections 3.01 and 3.03 hereof.

   

  Section 3.08        Deposit of Fundamental Change Repurchase Price. Prior to 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date, the
    Company will deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an amount of
    immediately available funds sufficient to pay the Fundamental Change Repurchase Price of all the Notes or portions thereof that the Company is required to repurchase on such Fundamental Change Repurchase Date.

   

  Section 3.09        Covenant Not to Repurchase Notes Upon Certain Events of Default.

   

  (a)       General. Notwithstanding anything to the contrary in this Article III, the Company will not purchase any Notes under this Article III if, as of the
    Fundamental Change Repurchase Date, the principal amount of the Notes has been accelerated, such acceleration has not been rescinded and such acceleration did not result from a Default that would be cured by the Company’s payment of the Fundamental
    Change Repurchase Price.

   

  (b)       Deemed Withdrawals. If, on any Fundamental Change Repurchase Date, (i) a Fundamental Change Repurchase Notice for a Note has been validly tendered in
    accordance with Section 3.03 hereof and has not been validly withdrawn in accordance with Section 3.04 hereof, and (ii) pursuant to this Section 3.09, the Company is not permitted to purchase Notes, the Paying Agent, upon receipt of written notice from
    the Company stating that the Company, pursuant to this Section 3.09, is not permitted to purchase Notes, will deem such Fundamental Change Repurchase Notice withdrawn.

   

  (c)       Return of Notes. If a Holder tenders a Note for purchase pursuant to this Article III and, on the Fundamental Change Repurchase Date, pursuant to this
    Section 3.09, the Company is not permitted to purchase such Note, the Paying Agent will (i) if such Note is a Definitive Note, return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable
    Procedures, deem to be cancelled any instructions for book-entry transfer of such Note.

   

  Article IV

    

    COVENANTS

   

  Section 4.01        Payment of Notes. The Company will pay or cause to be paid the principal of, Fundamental Change Repurchase Price or Redemption Price for,
    and any accrued and unpaid interest on, the Notes on the dates and in the manner required under this Indenture. Any principal of, Fundamental Change Repurchase Price or Redemption Price for, or interest on, a Note will be considered paid on the date
    due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds, as of 10:00 a.m. New York City time on the due date, money deposited by the Company in immediately available funds and designated for, and sufficient to pay, such
    principal, Fundamental Change Repurchase Price, Redemption Price or interest then due. To the extent lawful, the Company will also pay Default Interest on any Defaulted Amounts in accordance with Section 2.04(d) hereof.

   

  Section 4.02        144A Information. At any time the Company is not subject to Section 13 or 15(d) of the Exchange Act, the Company shall, so long as any of
    the Notes or any shares of Common Stock issuable upon conversion thereof shall, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, promptly provide to the Trustee and, upon written request,
    any Holder, 

   

  
    30

    
      
 

  

  beneficial owner or prospective purchaser of such Notes or any shares of Common Stock
      issuable upon conversion of such Notes, 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 of Common Stock pursuant to Rule 144A. The Company shall take such
      further action as any Holder or beneficial owner of the Notes may reasonably request to the extent from time to time required to enable such Holder or beneficial owner to sell such Notes or shares of Common Stock in accordance with Rule 144A, as such
      rule may be amended from time to time.    

   

  Section 4.03        Reports. The Company will deliver to Holders, with a copy to the Trustee, copies of all annual reports, and of the information, documents
    and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that the Company is required to file with the SEC under Sections 13 or 15(d) of the Exchange Act no later than the time that the
    Company files such annual reports, information, documents and other reports with the SEC (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act). Any document filed by the Company with the SEC via the EDGAR system (or any
    successor thereto) will be deemed to be delivered to Holders and filed with the Trustee at the time such document is filed via the EDGAR system (or such successor); provided, however, that the Trustee will have no obligation whatsoever
    to determine whether or not such information, documents or reports have been filed pursuant to the EDGAR System (or such successor). Notwithstanding anything to the contrary in the foregoing, nothing in this paragraph shall require the Company to
    deliver to any Holder or the Trustee any material for which the Company has sought and received, or is seeking and has not been denied, confidential treatment by the SEC.

   

  Delivery of such reports, information and documents to the Trustee will be for informational purposes only, and the Trustee’s receipt of such will not constitute
    actual or constructive notice or knowledge of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely
    conclusively on Officers’ Certificates).

   

  Section 4.04        Additional Interest.

   

  (a)       General. If, at any time during the period beginning on, and including, the date that is six months after the Last Original Issue Date and ending on,
    but not including, the Free Trade Date, the Company fails to timely file (after giving effect to any grace period provided by Rule 12b-25 under the Exchange Act) any document or report that it is required to file with the SEC pursuant to Sections 13 or
    15(d) of the Exchange Act, as applicable (other than current reports on Form 8-K), the Company will pay additional interest (the “Additional Interest”) on the principal amount of then outstanding Notes. The Additional Interest will accrue from the due
    date of each such missed filing until the earlier of (i) the Free Trade Date and (ii) the date such failure to file is corrected.

   

  In addition, if the Notes are not Freely Tradable at all times on and after the Free Trade Date (or the next succeeding Business Day if the Free Trade Date is not a
    Business Day), the Company will pay Additional Interest on the Notes. Such Additional Interest will accrue on each day during such period on which the Notes are not Freely Tradable. The accrual of Additional Interest will be the exclusive remedy
    available to Holders for the failure of the Notes or the Common Stock, if any, issued upon the conversion of the Notes to become Freely Tradable.

   

  In each case, the Additional Interest will be payable on the same dates and in the same manner as the stated interest on the Notes and will initially accrue at the
    rate of 0.25% per annum on the principal amount of then outstanding Notes. If the Additional Interest accrues for more than 90 consecutive days, the rate at which the Additional Interest accrues will increase to 0.50% per annum on the principal amount
    of then outstanding Notes beginning on the 91st consecutive day on which it accrues and ending on the last consecutive day on which it continues to accrue. Notwithstanding
    the foregoing, in no event will any Additional Interest that may accrue as a result of the Company’s failure to timely file (after 

   

  
    31

    
      
 

  

  giving effect to any grace period provided by Rule 12b-25) any document or report that it is required to file with the SEC pursuant to Sections 13 or 15(d) of the
    Exchange Act, as applicable (other than current reports on Form 8-K), together with any Special Interest, accrue, in the aggregate, at a rate in excess of 0.50% per annum pursuant to this Indenture, regardless of the number of events or circumstances
    giving rise to the requirement to pay such Additional Interest and/or Special Interest.

   

  (b)       Notice to Trustee. If the Company is required to pay Additional Interest on any Note, no later than five Business Days prior to the date on which such
    Additional Interest is scheduled to be paid, the Company will provide to the Trustee (and if the Trustee is not the Paying Agent, to the Paying Agent) an Officers’ Certificate, which Officers’ Certificate will state (i) that the Company is obligated to
    pay Additional Interest pursuant to this Section 4.04, (ii) the amount of such Additional Interest that the Company is required to pay under this Section 4.04, (iii) the amount of such Additional Interest that the Company will pay, (iv) the scheduled
    date on which such Additional Interest will be paid to Holders and (v) a direction that the Trustee (or, if the Trustee is not the Paying Agent, the Paying Agent) pay such Additional Interest to the extent it receives funds from the Company to do so,
    on the scheduled payment date for such Additional Interest. The Trustee will not have any duty or responsibility to any Holder to determine whether any Additional Interest is payable, or, if any Additional Interest is payable, the amount of such
    Additional Interest that is payable.

   

  Section 4.05        Compliance Certificate.

   

  (a)       Annual Compliance Certificate. Within 90 days after the end of each fiscal year of the Company, beginning with the fiscal year ending on December 31,
    2020, the Company will deliver to the Trustee an Officers’ Certificate, which Officers’ Certificate will state (i) that the Officers signing such Officers’ Certificate have supervised a review of the activities of the Company and its Subsidiaries with
    a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture during the preceding fiscal year, and (ii) to the best knowledge of each of the Officers signing such Officers’ Certificate, (A)
    whether the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (without regard
    to any period of grace or requirement of notice provided under this Indenture) or, if one or more Defaults or Events of Default have occurred, what events triggered such Defaults or Events of Default and what actions the Company is taking or proposes
    to take with respect to such Defaults or Events of Default, and (B) whether any event has occurred and remains in existence by reason of which any payment of the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, or
    interest on, or any delivery of any of the consideration due upon conversion of, a Note is prohibited, and, if any such event has occurred and remains in existence, a description, in reasonable detail, of such event or events and what actions the
    Company is taking or proposes to take with respect to such event or events.

   

  (b)       Certificate of Default or Event of Default. Within 30 days after a Default occurs, the Company will deliver to the Trustee an Officers’ Certificate
    describing such Default, its status and a description, in reasonable detail, of what action the Company is taking or proposes to take with respect to such Default. The Trustee shall not be deemed to have notice of any Default unless a Trust Officer has
    received written notice of any event which is in fact such a Default at its Corporate Trust Office, and such notice references the Notes and this Indenture.

   

  Section 4.06        Restriction on Purchases by the Company and by Affiliates of the Company. Neither the Company nor any of its Subsidiaries will purchase or
    otherwise acquire any Notes without canceling such Notes.

   

  Section 4.07        Taxes. The Company will pay, and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments and
    governmental levies except such as are contested in good 

   

  
    32

    
      
 

  

  faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders.

   

  Section 4.08        Corporate Existence. Subject to Article V hereof, the Company will do or cause to be done all things necessary to preserve and keep in full
    force and effect.

   

  Section 4.09        Par Value Limitation. The Company will not take any action that, after giving effect to any adjustment pursuant to Section 10.05 or 10.07,
    would result in the Conversion Price becoming less than the par value of one share of Common Stock. In addition, the Company will not adjust the Conversion Rate pursuant to Section 10.06 such that the Conversion Price would be less than the par value
    of one share of Common Stock.

   

  Section 4.10        Stay, Extension and Usury Laws. The Company covenants that, to the extent that it may lawfully do so, it will not at any time insist upon,
    plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company,
    to the extent that it may lawfully do so, hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but
    will instead suffer and permit the execution of every such power as though no such law has been enacted.

   

  Section 4.11        Further Instruments and Acts. Upon request of the Trustee, the Company will execute and deliver such further instruments and do such
    further acts as may be reasonably necessary or proper to carry out more effectively the terms of this Indenture.

   

  Article V

    

    CONSOLIDATION, MERGER AND SALE OF ASSETS

   

  Section 5.01        Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms. The Company will not, directly or indirectly, (1) consolidate with
    or merge with or into, or (2) sell, convey, transfer or lease all or substantially all of its properties and assets to, any other Person (any such transaction, a “Reorganization Event”), unless:

   

  (a)       either:

   

  (i)       the Company is the surviving corporation; or

   

  (ii)       the resulting, surviving or transferee Person (if other than the Company) of such Reorganization Event (the “Reorganization Successor
    Corporation”):

   

  (1)       is a corporation organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia;
    and

   

  (2)       expressly assumes, by executing and delivering a supplemental indenture to the Trustee, all of the obligations of the Company under the Notes and
    this Indenture;

   

  (b)       immediately after giving effect to such Reorganization Event, no Default will have occurred and be continuing; and

   

  
    33

    
      
 

  

  (c)       the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that:

   

  (i)       such Reorganization Event and such supplemental indenture (if any) comply with this Article V;

   

  (ii)      all conditions precedent to such Reorganization Event provided in this Indenture have been complied with; and

   

  (iii)     such supplemental indenture (if any) is valid, binding and enforceable against the Reorganization Successor Corporation.

   

  Section 5.02        Successor Substituted. If any Reorganization Event occurs that complies with Sections 5.01(a)(ii) and 5.01(b) hereof, and the Company has
    complied with Section 5.01(c) hereof:

   

  (a)       from and after the date of such Reorganization Event, the Reorganization Successor Corporation for such Reorganization Event will succeed to, and be
    substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Reorganization Successor Corporation had been named as the Company herein; and

   

  (b)       except in the case of a Reorganization Event that is a lease of all or substantially all of the Company’s assets, the Person named as the “Company” in the
    first paragraph of this Indenture or any successor (other than such Reorganization Successor Corporation) that will thereafter have become such in the manner prescribed in this Article V will be released from its obligations under this Indenture and
    may be dissolved, wound up and liquidated at any time.

   

  Article VI

    

    DEFAULTS AND REMEDIES

   

  Section 6.01        Events of Default.

   

  (a)       General. Each of the following events will be an “Event of Default”:

   

  (i)       the Company fails to pay the principal of the Notes (including any Fundamental Change Repurchase Price or Redemption Price) when due at maturity,
    upon Redemption, repurchase upon a Fundamental Change, declaration of acceleration or otherwise;

   

  (ii)      the Company fails to pay any interest when due and such failure continues for a period of 30 days after the applicable due date;

   

  (iii)     the Company fails to give any Fundamental Change Notice, Redemption Notice or notice of a Make-Whole Fundamental Change, in each case, when due;

   

  (iv)     the Company fails to comply with its obligation to convert a Note in accordance with Article X hereof upon a Holder’s exercise of its conversion
    rights with respect to such Note, and such failure continues for a period of three Business Days;

   

  (v)      the Company fails to comply with its obligations under Article V hereof;

   

  (vi)     the Company fails to perform or observe any of its covenants or warranties in this Indenture or in the Notes (other than a covenant or agreement
    specifically addressed in clauses (i) through (iv) above) and such failure continues for a period of 60 days after (A) the Company receives notice of such failure from the Trustee or (B) the Company and 

   

  
    34

    
      
 

  

  the Trustee receive notice of such failure from Holders of at least 25% of the aggregate principal amount of then outstanding Notes;

   

  (vii)       the default by the Company or any Significant Subsidiary with respect to any mortgage, agreement or other instrument under which there may be
    outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed by the Company and/or any Significant Subsidiary in excess of $15,000,000 in the aggregate, whether such indebtedness exists as of the Issue Date or is
    later created, if that default:

   

  (1)       results in such indebtedness becoming or being declared due and payable (prior to its express maturity); or

   

  (2)       constitutes a failure to pay the principal of, or interest on, such indebtedness when due and payable at its stated maturity, upon required
    repurchase, upon declaration or otherwise;

   

  (viii)       a final judgment for the payment of $15,000,000 or more (excluding any amounts covered by insurance) is rendered against the Company or any
    Significant Subsidiary, and such judgment is not discharged or stayed within 60 days after (i) the date on which all rights to appeal such judgment have expired if no appeal has commenced, or (ii) the date on which all rights to appeal have been
    extinguished;

   

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

   

  (1)       commences a voluntary case;

   

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

   

  (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 laws relating to insolvency; or

   

  (6)       generally is not paying its debts as they become due; or

   

  (x)       a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

   

  (1)       is for relief against Company or any Significant Subsidiary in an involuntary case or proceeding;

   

  (2)       appoints a Custodian of the Company or any Significant Subsidiary, or for any substantial part of the property of the Company or any Significant
    Subsidiary;

   

  (3)       orders the winding up or liquidation of the Company or any Significant Subsidiary; or

   

  (4)       grants any similar relief under any foreign laws; and, in each such case, the order or decree remains unstayed and in effect for 60 days.

   

  
    35

    
      
 

  

  (b)       Cause Irrelevant. Each of the events enumerated in Section 6.01(a) hereof will constitute an Event of Default whatever the cause and regardless of
    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 6.02        Acceleration.

   

  (a)       Automatic Acceleration in Certain Circumstances. If an Event of Default specified in Sections 6.01(a)(ix) or 6.01(a)(x) hereof occurs with respect to
    the Company, the principal amount of, and all accrued and unpaid interest, if any, on, all of the then outstanding Notes will immediately become due and payable without any further action or notice by any party.

   

  (b)       Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, by delivering a written notice to the Company, or the
    Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, on all then
    outstanding Notes immediately due and payable, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes will immediately become due and payable.

   

  (c)       Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture, the Holders of a majority of the aggregate principal amount of
    the then outstanding Notes may, on behalf of the Holders of all of the then outstanding Notes, rescind any acceleration of the Notes and its consequences hereunder by delivering notice to the Trustee 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 (other than the nonpayment of the principal of, interest, if any, on, or the Fundamental Change Repurchase Price or the Redemption Price for, the Notes that
    has become due solely as a result of acceleration) have been cured or waived. No such rescission will affect any subsequent Default or impair any right consequent thereto.

   

  Section 6.03        Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
    principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Repurchase Price or Redemption Price for, the Notes or to enforce the performance of any provision of the Notes or this Indenture regarding any other matter.

   

  The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of the Notes in the proceeding. A delay or omission by the
    Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default will not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available
    remedies are cumulative.

   

  Section 6.04        Sole Remedy for Failure to Report.

   

  (a)       General. Notwithstanding anything to the contrary in the Notes or in this Indenture, the Company may elect that the sole remedy for any Event of
    Default specified in Section 6.01(a)(vi) hereof relating to the Company’s failure to comply with Section 4.03 hereof (a “Reporting Event of Default”) will, for the period beginning on the date on which such Reporting Event of Default first occurred and
    ending on the earlier of (A) the date on which such Reporting Event of Default is cured or validly waived in accordance with Section 6.05 hereof and (B) the 180th calendar
    day immediately following the date on which such Reporting Event of Default first occurred, consist of the right to receive additional interest (the “Special Interest”) on the Notes at a rate equal to (i) 0.25% per annum of the principal amount of the
    then-outstanding Notes for the first 90 days after the occurrence of the Reporting Event of Default and (ii) for the 90 calendar days after the expiration of such 90-day period, consist 

   

  
    36

    
      
 

  

  exclusively of the right to receive an Special Interest on the Notes at a rate equal to 0.50% per annum on the principal amount of the then-outstanding Notes. Any
    Special Interest will be payable in the same manner and on the same dates as the stated interest payable on the Notes and will accrue in addition to any Additional Interest that the Company is obligated to pay under Section 4.04 hereof.

   

  (b)       Limitation on Remedy. If (i) a Reporting Event of Default occurs and the Company elects that the sole remedy with respect to such Reporting Event of
    Default will be the Special Interest and (ii) on the 181st day immediately following, and including, the date on which such Reporting Event of Default first occurred, such
    Reporting Event of Default has not been cured or validly waived in accordance with Section 6.05 hereof, then the Notes will become subject to acceleration under Section 6.02(a) hereof on account of such Reporting Event of Default.

   

  (c)       Company Election Notice. To elect to pay the Special Interest as the sole remedy for a Reporting Event of Default during the first 180 days after a
    Reporting Event of Default, the Company must deliver notice in writing of such election to the Holders, the Paying Agent and the Trustee prior to the date on which such Reporting Event of Default first occurs. Any such notice must include a brief
    description of the report that the Company failed, or will fail, to file, a statement that the Company is electing to pay the Special Interest and the date on which such Reporting Event of Default will occur.

   

  If a Reporting Event of Default occurs and the Company fails to timely deliver such notice for such Reporting Event of Default, the Notes will be subject to
    acceleration under Section 6.02(a) hereof on account of such Reporting Event of Default.

   

  (d)       Other Events of Default. Notwithstanding anything to the contrary herein, if the Company elects to pay the Special Interest with respect to any
    Reporting Event of Default, the Company’s election will not affect the rights of any Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default; provided, that, for the avoidance of doubt,
    in no event will the Company be obligated to pay the Special Interest, together with Additional Interest, at a rate greater than 0.50% per annum on the principal amount of then outstanding Notes.

   

  Section 6.05        Waiver of Past Defaults. If an Event of Default described in Sections 6.01(a)(i), 6.01(a)(ii), 6.01(a)(iii), 6.01(a)(iv) or 6.01(a)(vi)
    (which, in the case of Section 6.01(a)(vi) only, relates to a covenant that cannot be amended without the consent of each affected Holder) or a Default that would lead to such an Event of Default occurs and is continuing, such Event of Default or
    Default may be waived only with the consent of each affected Holder. Every other Event of Default or Default may be waived by the Holders of a majority of the aggregate principal amount of then outstanding Notes. Whenever any Event of Default is so
    waived, it will cease to exist, and whenever any Default is so waived, it will be deemed 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 consequent right.

   

  Section 6.06        Control by Majority. At any time, the Holders of a majority of the aggregate principal amount of then outstanding Notes may direct the
    time, method and place of conducting any proceeding for any remedy available to the Trustee or for exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture
    or, subject to Section 7.01 hereof, that the Trustee determines to be unduly prejudicial to the rights of a Holder or to the Trustee, or that would potentially involve the Trustee in personal liability unless the Trustee is offered indemnity and/or
    security satisfactory to the Trustee in its sole discretion against any loss, liability or expense to the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee. Prior to taking any action hereunder, the Trustee will be
    entitled to security and/or indemnity satisfactory to the Trustee in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action.

   

  
    37

    
      
 

  

  

   

  Section 6.07         Limitation on Suits. Except to enforce (i) its rights to receive the principal of, the Fundamental Change Repurchase Price or the
    Redemption Price for, interest, if any, on, a Note, or (ii) the failure of the Company to comply with its obligations under Article X to convert any Note, no Holder may pursue a remedy with respect to this Indenture or the Notes unless:

   

  (a)            such Holder has previously delivered to the Trustee written notice that an Event of Default has occurred and is continuing;

   

  (b)            the Holders of at least 25% of the aggregate principal amount of then-outstanding Notes deliver to the Trustee a written request that the Trustee pursue
    a remedy with respect to such Event of Default;

   

  (c)            such Holder or Holders have offered and, if requested, provided, to the Trustee security and/or indemnity satisfactory to the Trustee in its sole
    discretion against any loss, liability or other expense of compliance with such written request;

   

  (d)            the Trustee has not complied with such written request within 60 days after receipt of such written request and offer of security and/or indemnity in
    its sole discretion; and

   

  (e)            during such 60-day period, the Holders of a majority of the aggregate principal amount of then outstanding Notes did not deliver to the Trustee a
    direction inconsistent with such written request.

   

  A Holder may not use this Indenture to prejudice the rights of any other Holder or to obtain a preference or priority over any other Holder, it being understood that
    the Trustee does not have any affirmative duty to ascertain whether any usage of this Indenture by a Holder is unduly prejudicial to such other Holders.

   

  Section 6.08         Rights of Holders To Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of
    the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, accrued and unpaid interest, if any, on, and any consideration due under Article X upon conversion of, its Note, on or after the respective due date, or to bring
    suit for the enforcement of any such payment and/or delivery on or after the respective due date, will not be impaired or affected without the consent of such Holder and will not be subject to the requirements of Section 6.07 hereof.

   

  Section 6.09         Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a)(i), 6.01(a)(ii), 6.01(a)(iii) or 6.01(a)(iv) hereof occurs
    and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, the Fundamental Change Repurchase Price or the Redemption Price for, interest,
    if any, on, and the Conversion Consideration, if any, due upon conversion of, the Notes, and, to the extent lawful, any Default Interest on any Defaulted Amounts, and such further amount as is sufficient to cover the costs and expenses of collection
    provided for under Section 7.06 hereof.

   

  Section 6.10          Trustee May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary
    or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its property and, unless prohibited by law or applicable regulations, will be entitled to collect, receive and
    distribute any money or other property payable or deliverable on any such claims, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee consents to
    the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
    Section 7.06 hereof. To

  
    38

    
      
 

  

  the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
    Trustee under Section 7.06 hereof out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured by a lien on, and 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 herein contained will be deemed to authorize the Trustee to authorize or consent
    to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any
    such proceeding.

   

  Section 6.11          Priorities. If the Trustee collects any money or property pursuant to this Article VI, after an Event of Default, any money or other
    property distributable in respect of the Company’s obligations under this Indenture, such money or property shall be applied in the following order:

   

  FIRST: to the Trustee (including any predecessor trustee), its agents and attorneys for amounts due under Section 7.06 hereof, including payment of all compensation,
    expenses, fees and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;

   

  SECOND: to the Holders, for any amounts due and unpaid on the principal of, the Fundamental Change Repurchase Price or the Redemption Price for, accrued and unpaid
    interest on, and any Conversion Consideration due upon the conversion of, any Note, without preference or priority of any kind, according to such amounts due and payable on all of the Notes; and

   

  THIRD: the balance, if any, to the Company or to such other party as a court of competent jurisdiction directs.

   

  The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section 6.11. If the Trustee so fixes a record date and a payment
    date, at least 15 days prior to such record date, the Company will deliver to each Holder and the Trustee a written notice, which notice will state such record date, such payment date and the amount of such payment.

   

  Section 6.12          Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for
    any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including
    reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.12 does not apply to a suit by the Trustee, a suit by a
    Holder pursuant to Section 6.08 hereof or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes.

   

  Article VII

    

    TRUSTEE

   

  Section 7.01         Duties of Trustee.

   

  (a)          In case 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 their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

  
    39

    
      
 

  

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

   

  (i)                the Trustee undertakes to perform such duties, and only such duties, as are specifically set forth in this Indenture, and no implied
    covenants or obligations will be read into this Indenture against the Trustee; and

   

  (ii)               in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the
    opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be
    furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other
    facts, statements, opinions or conclusions stated therein).

   

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

   

  (i)                this Section 7.01(c) does not limit the effect of Sections 7.01(b) or 7.01(g) hereof;

   

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

   

  (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 6.06 hereof.

   

  (d)          Whether herein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this Section 7.01, and the
    provisions of this Section 7.01 will apply to the Trustee, Registrar, Paying Agent and Conversion Agent.

   

  (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.

   

  (f)           Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

   

  (g)          No provision of this Indenture will require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any
    of its duties hereunder or in the exercise of any of its rights or powers.

   

  (h)          The Trustee will not be deemed to have notice of a Default or an Event of Default unless a Trust Officer of the Trustee has received written notice at its
    Corporate Trust Office thereof from the Company or any Holder, and such notice references the Notes and this Indenture.

   

  Section 7.02         Rights of Trustee.

   

  (a)          The Trustee may conclusively rely, and shall be fully protected in acting (or refraining from acting) in good faith, upon any resolution, certificate,
    statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper person.
    The Trustee need not investigate any fact or matter stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other

  
    40

    
      
 

  

  evidence of indebtedness or other paper or document. The Trustee may, however, in its discretion 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 and at the sole cost and expense 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 Officers’ Certificate or an Opinion of Counsel or both. The Trustee will not be liable
    for any action it takes, suffers or omits to take in the absence of bad faith in reliance on the Officers’ Certificate or Opinion of Counsel.

   

  (c)           The Trustee may act through agents, attorneys or custodians and will not be responsible for the misconduct or negligence of any agent, attorney or
    custodian appointed with due care.

   

  (d)           So long as the Trustee’s conduct does not constitute willful misconduct or negligence, the Trustee will not be liable for any action it takes, suffers or
    omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture.

   

  (e)           The Trustee may consult with counsel of its own selection, and the advice or Opinion of Counsel with respect to legal matters relating to this Indenture
    and the Notes will be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel.

   

  (f)            The permissive rights of the Trustee to do things enumerated in this Indenture will not be construed as a duty unless so specified herein.

   

  (g)           The Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the
    Holders pursuant to this Indenture, unless such Holders have offered to the Trustee security and/or indemnity satisfactory to the Trustee in its sole discretion against the costs, expenses and liabilities that might be incurred by it in compliance with
    such request or direction.

   

  (h)           The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and will be
    enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder, including the Registrar, Paying Agent and Conversion Agent.

   

  (i)            The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time
    to take specified actions pursuant to this Indenture, which certificate may be signed by any Person authorized to sign an Officers’ Certificate, including any Person specified as so authorized in any such certificate previously delivered and not
    superseded.

   

  (j)            In no event will the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including,
    but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.

   

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

   

  (l)            Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Order and any resolution of the Board of Directors
    may be sufficiently evidenced by a Board Resolution.

  
    41

    
      
 

  

  (m)          Notwithstanding any other provision of this Indenture, the Trustee shall be entitled to make a deduction or withholding from any payment which it makes
    under this Indenture for or on account of any present or future taxes, duties or charges if and to the extent so required by any applicable law and any current or future regulations or agreements thereunder or official interpretations thereof or any
    law implementing an intergovernmental approach thereto or by virtue of the relevant holder failing to satisfy any certification or other requirements in respect of the Notes, in which event the Trustee shall make such payment after such withholding or
    deduction has been made and shall account to the relevant authorities for the amount so withheld or deducted and shall have no obligation to gross up any payment hereunder or pay any additional amount as a result of such withholding tax.

   

  The Company hereby covenants with the Trustee that it will provide the Trustee with sufficient information so as to enable the Trustee to determine whether or not
    the Trustee is obliged, in respect of any payments to be made by it pursuant to the Indenture, to make any withholding or deduction pursuant to an agreement described in Section 1471(b) of the US Internal Revenue Code of 1986, as amended (the “Code”)
    or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official interpretations thereof or any intergovernmental agreement between the United States and another jurisdiction facilitating
    the implementation thereof (or any law implementing such an intergovernmental agreement).

   

  Section 7.03          Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may
    otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, Conversion Agent or co-registrar may do the same with like rights. However, the Trustee must comply with Section
    7.09 hereof.

   

  Section 7.04          Trustee’s Disclaimer. The Trustee will not be responsible for and makes no representation as to the validity, sufficiency, priority or
    adequacy of this Indenture or the Notes, it will not be accountable for the Company’s use of the proceeds from the Notes, and it will not be responsible for any statement of the Company in this Indenture or in any document issued in connection with the
    sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. The Trustee shall not be responsible to make any calculation with respect to any matter under this Indenture. The Trustee shall have no duty to monitor or
    investigate the Issuers’ compliance with or the breach of, or cause to be performed or observed, any representation, warranty, or covenant, or agreement of any Person, other than the Trustee, made in this Indenture.

   

  Section 7.05         Notice of Defaults. If a Default occurs and a Trust Officer receives written notice of such defaults at its Corporate Trust Office, the
    Trustee will send to each Holder notice of the Default within 90 days after such Default first occurs, or, if it is not known to the Trustee at such time, as soon as practicable after it is known to the Trustee; provided, however, that
    except in the case of a Default that is, or would lead to, an Event of Default described in Section 6.01(a)(i), 6.01(a)(ii), 6.01(a)(iii) or 6.01(a)(iv) hereof, the Trustee may withhold the notice if and so long as it in good faith determines that
    withholding the notice is in the interests of Holders.

   

  Section 7.06         Compensation and Indemnity.

   

  (a)            The Company will pay to the Trustee, from time to time, such compensation as will be agreed upon, from time to time, in writing for its services. The
    Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee upon request for all reasonable out-of-pocket fees, disbursements, advances and expenses incurred or made by
    it, including costs of collection, in addition to the compensation for its services. Such expenses will include the reasonable compensation, fees and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The
    Company will indemnify the Trustee for

  
    42

    
      
 

  

  and hold it harmless against any and all loss, liability, claim, damage or expense (including reasonable attorneys’ fees and expenses), including taxes (other than
    taxes based upon, measured by or determined by the income of the Trustee) incurred by it and arising out of in connection with this Indenture, the Notes, acceptance or administration of the trust or trusts hereunder or liability in connection with the
    exercise or the performance of its duties or powers hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company, any Holder or any other Person). The Trustee will notify the Company promptly of any
    claim for which it may seek indemnity. Failure by the Trustee to so notify the Company of any claim for which it may seek indemnity of which a Trust Officer has actually received written notice will not relieve the Company of its obligations hereunder.
    The Company will defend the claim and the Trustee will cooperate in the defense. If the Trustee is advised by counsel that it may have available to it defenses that are in conflict with the defenses available to the Company, then the Trustee may have
    separate counsel, and the Company will pay the reasonable fees and expenses of such counsel. The Company will pay the reasonable fees and expenses of counsel to the Trustee incurred in evaluating whether such defense and/or conflict exists. The Company
    need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence. The Company need not pay for any settlement made by the Trustee without the
    Company’s consent, such consent not to be unreasonably withheld. All indemnifications and releases from liability granted hereunder to the Trustee will extend to its officers, directors, employees, agents, attorneys, custodians, successors and assigns.

   

  (b)          To secure the Company’s payment obligations under this Section 7.06, the Trustee will have a lien prior to the Notes on all money or property held or
    collected by the Trustee, other than money or property held in trust to pay the principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Repurchase Price or Redemption Price on particular Notes.

   

  (c)          The Company’s payment obligations pursuant to this Section 7.06 will survive the resignation or removal of the Trustee, the termination for any reason of
    this Indenture and the satisfaction and discharge of this Indenture. In addition to, but without prejudice to its other rights under this Indenture, when the Trustee incurs expenses or renders services after the occurrence of a Default specified in
    Sections 6.01(a)(ix) or 6.01(a)(x) hereof with respect to the Company, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under the
    Bankruptcy Law.

   

  (d)          “Trustee” for purposes of this Section shall include any predecessor Trustee; provided, however, that the negligence, willful misconduct or bad faith of
    any Trustee hereunder shall not affect the rights of any other Trustee hereunder.

   

  Section 7.07         Replacement of Trustee.

   

  (a)          The Trustee may resign at any time by notifying the Company, in writing, at least 30 days prior to the proposed resignation. The Holders of a majority in
    aggregate principal amount of then outstanding Notes may remove the Trustee by notifying the Trustee, in writing. The Company may remove the Trustee if:

   

  (i)               the Trustee fails to comply with Section 7.09 hereof;

   

  (ii)              the Trustee is adjudged bankrupt or insolvent;

   

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

   

  (iv)             the Trustee otherwise becomes incapable of acting.

  
    43

    
      
 

  

  (b)           If the Trustee resigns, is removed by the Company or by the Holders of a majority in aggregate principal amount of the Notes then outstanding, or if a
    vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company will promptly appoint a successor Trustee.

   

  (c)           A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, 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 a notice of its succession to Holders. The retiring
    Trustee will, upon payment of all of its costs, charges and all other amounts payable to it hereunder and the costs and expenses of its agents and counsel, promptly transfer all property held by it as Trustee to the successor Trustee, subject to the
    lien provided for in Section 7.06(b) hereof.

   

  (d)           If a successor Trustee does not take office within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee may petition, at the
    expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee.

   

  (e)           If the Trustee fails to comply with Section 7.09 hereof, any Holder may petition any court of competent jurisdiction for the removal of the Trustee and
    the appointment of a successor Trustee.

   

  (f)            Notwithstanding the replacement of the Trustee pursuant to this Section 7.07, the Company’s obligations under Section 7.06 hereof will continue for the
    benefit of the retiring Trustee.

   

  (g)           The retiring Trustee shall have no responsibility or liability for any action or inaction of a successor Trustee.

   

  Section 7.08         Successor Trustee by Merger.

   

  (a)          If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another
    corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act will be the successor Trustee.

   

  (b)          In case at the time such successor or successors by merger, conversion or consolidation to the Trustee succeeds to the trusts created by this Indenture,
    any of the Notes have been authenticated, but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and, in case at that time any of the Notes
    have not been authenticated, any such successor to the Trustee may authenticate such Notes, either in the name of any predecessor Trustee hereunder or in the name of the successor to the Trustee.

   

  Section 7.09         Eligibility; Disqualification. The Trustee will have (or, in the case of a Person included in a bank holding company system, the related
    bank holding company will have) a combined capital and surplus of at least $50,000,000, as set forth in its (or its related bank holding company’s) most recent published annual report of condition. If the Trustee acquires any conflicting interest, as
    defined in TIA Section 310(b), it must eliminate the conflict within 90 days or resign.

   

  Section 7.10         Trustee’s Application for Instructions from the Company. Any application by the Trustee for written instructions from the Company may, at
    the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action will be taken or such omission will be effective. The Trustee will not be
    liable to the Company for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date will not be less than three

  
    44

    
      
 

  

  Business Days after the date any Officer actually receives such application, unless any such Officer has consented in writing to any earlier date), unless prior to
    taking any such action (or the effective date in the case of any omission), the Trustee has received written instructions in response to such application specifying the action to be taken or omitted.

   

  Article VIII

    

    SATISFACTION AND DISCHARGE

   

  Section 8.01          Discharge of Liability on Notes. When (a) (i) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced
    pursuant to Section 2.11 hereof) for cancellation or (ii) all outstanding Notes have become due and payable, and the Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash and/or shares of Common Stock (or, if
    applicable, Reference Property) and cash (in lieu of fractional shares of Common Stock or, if applicable, Reference Property Units) (solely to satisfy amounts due and owing as a result of conversions of the Notes), sufficient to pay all amounts due and
    owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.11 hereof), (b) the Company pays all other sums payable by it under this Indenture with respect to the then outstanding Notes and (c) the Company delivers to the Trustee an
    Officers’ Certificate and an Opinion of Counsel, each stating that all of the conditions precedent to the discharge of this Indenture described in this Section 8.01 have been complied with, then, subject to Section 7.06 hereof, this Indenture will
    cease to be of further effect with respect to the Notes and the Holders and the Trustee will acknowledge the satisfaction and discharge of this Indenture with respect to the Notes. Notwithstanding the foregoing, if any shares of Common Stock are used
    in payment, the sufficiency of such shares of Common Stock shall be confirmed in writing by a nationally recognized firm of independent public accountants.

   

  Notwithstanding the satisfaction and discharge of this Indenture, (i) any obligation of the Company to any Holder under Article X hereof with respect to the
    conversion of any Note or to the Trustee under Article VII hereof with respect to compensation or indemnity, and (ii) any obligation of the Trustee with respect to money deposited with the Trustee under this Article VIII and Section 11.08 hereof will
    survive.

   

  Section 8.02          Repayment to the Company. Subject to any applicable unclaimed property law, the Trustee and the Paying Agent, upon receiving a written
    request from the Company, will promptly turn over to the Company any cash, securities, including shares of Common Stock, or other property held for payment on the Notes that remains unclaimed two years after the date on which such payment was due.
    After the Trustee and the Paying Agent return such cash and securities, including shares of the Common Stock, to the Company, the Trustee and the Paying Agent will have no further liability to any Holder with respect to such cash, securities, including
    shares of Common Stock, or other property, and any Holder entitled to the payment of such cash, securities, including shares of Common Stock, or other property under the Notes or this Indenture must look to the Company for payment as a general creditor
    of the Company.

   

  Article IX

    

    AMENDMENTS, SUPPLEMENTS AND WAIVERS

   

  Section 9.01          Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Notes without the consent of any
    Holder:

   

  (a)            to add guarantees with respect to the Company’s obligations under this Indenture or the Notes;

  
    45

    
      
 

  

  (b)            to secure the Notes;

   

  (c)             to provide for the assumption of the Company’s obligations under this Indenture and under the Notes by a Reorganization Successor Corporation as
    described in Article V hereof;

   

  (d)            to provide for the assumption of the Company’s obligations under this Indenture and under the Notes by a Merger Successor Corporation as described in
    Section 10.08 or to modify the conversion rights of the Holders in accordance with Section 10.08 hereof upon the occurrence of a Merger Event;

   

  (e)            to surrender any right or power conferred upon the Company under this Indenture;

   

  (f)             to add to the Company’s covenants or Events of Default for the benefit of the Holders;

   

  (g)            to cure any ambiguity or correct any inconsistency or defect in this Indenture or in the Notes;

   

  (h)            to comply with any requirement of the SEC in connection with any qualification of this Indenture or a supplement hereto under the TIA;

   

  (i)             to 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 10.03(a)(i) hereof;

   

  (j)             to evidence the acceptance of appointment by a successor Trustee with respect to this Indenture;

   

  (k)            to comply with the rules of any applicable depositary;

   

  (l)             to conform the provisions of this Indenture to the “Description of Notes” section of the Preliminary Offering Memorandum, as supplemented by the
    Pricing Term Sheet with the provision being conformed to be set forth in an Officers’ Certificate; or

   

  (m)           to make any other change to the Indenture or the forms or terms of the Notes; provided that no such change individually, or in the aggregate with
    all other such changes, has, or will have, an adverse effect on the interests of the Holders.

   

  Section 9.02         With Consent of Holders. With the written consent of the Holders of at least a majority of the aggregate principal amount of the Notes
    then outstanding (including consents obtained in connection with a repurchase of, or tender offer or exchange offer for, Notes), by Act of such Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, may
    amend or supplement this Indenture or the Notes or waive compliance with any provision of this Indenture or the Notes; provided, however, that, 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:

   

  (a)            reduce the principal amount of, or change the Maturity Date of, any Note;

   

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

  
    46

    
      
 

  

  (c)            reduce the Fundamental Change Repurchase Price or the Redemption Price of any Note or change the time at which, or the circumstances under which, the
    Notes may, or will be, redeemed or repurchased;

   

  (d)            impair the right of any Holder to institute suit for any payment on any Note, including with respect to any consideration due upon conversion of a Note;

   

  (e)            make any Note payable in a currency other than that stated in the Note;

   

  (f)             make any change that impairs the conversion rights of any Holder under Article X hereof or otherwise reduces the number of shares of Common Stock,
    amount of cash or any other property receivable by a Holder upon conversion;

   

  (g)            change the ranking of the Notes;

   

  (h)            reduce any voting requirements included in this Indenture;

   

  (i)             make any change to any amendment, modification or waiver provision of this Indenture that requires the consent of each affected Holder; or

   

  (j)             reduce the percentage of the aggregate principal amount of then outstanding Notes whose Holders must consent to an amendment of this Indenture or a
    waiver of a past default.

   

  It will not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, but it will be sufficient
    if such consent approves the substance of such proposed amendment.

   

  Section 9.03         Execution of Supplemental Indentures. Upon the receipt of a Company Order, the Trustee will sign any supplemental indenture authorized
    pursuant to this Article IX if the amendment contained therein does not affect the rights, duties, liabilities or immunities of the Trustee under this Indenture. If the supplemental indenture adversely affects the Trustee’s rights, duties, liabilities
    or immunities under this Indenture, then the Trustee may, but need not, sign such supplemental indenture. In executing any such supplemental indenture, the Trustee will be provided with, and, subject to the provisions of Section 7.01 hereof, will be
    fully protected in conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such supplemental indenture is authorized and permitted under this Indenture and that such supplemental indenture is valid, binding and
    enforceable against the Company and guarantors (if any).

   

  Section 9.04        Notices of Supplemental Indentures. After an amendment or supplement to this Indenture or the Notes pursuant to Section 9.01 or Section 9.02
    hereof becomes effective, the Company will promptly deliver notice to the Trustee, which notice will briefly describe the substance of such amendment or supplement to this Indenture in reasonable detail and state the effective date of such amendment or
    supplement. The Company, or the Trustee, at the written direction of the Company, will then promptly deliver a copy of such notice to each Holder. The failure to deliver such notice to each Holder, or any defect in such notice, will not impair or
    affect the validity of such amendment or supplement to this Indenture.

   

  Section 9.05         Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article IX:

   

  (a)            this Indenture will be modified in accordance therewith;

   

  (b)            such supplemental indenture will form a part of this Indenture for all purposes; and

  
    47

    
      
 

  

  (c)            every Holder of Notes theretofore, or thereafter, authenticated and delivered hereunder will be bound thereby.

   

  Section 9.06         Revocation and Effect of Consents, Waivers and Actions.

   

  (a)            Revocation. Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder, and
    every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder, or subsequent Holder, may revoke the consent as to
    its Note or portion of a Note if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective.

   

  (b)            Special Record Dates. The Company may, but is not obligated to, fix a record date for the purpose of determining the Holders entitled to give
    their consent or take any other action described above or required, or permitted, to be taken pursuant to this Indenture. If a record date is fixed, then those Persons who were Holders at such record date (or their duly designated proxies), and only
    those Persons, 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. No such consent will be valid or effective for
    more than 120 days after such record date.

   

  (c)            Binding Effect. After an amendment, supplement or waiver becomes effective, it will bind every applicable Holder. Any amendment or supplement
    will become effective in accordance with the terms of the supplemental indenture relating thereto, which will become effective upon the execution thereof by the Trustee.

   

  Section 9.07         Notation on, or Exchange of, Notes. If any amendment, supplement or waiver changes the terms of a Note, the Trustee may require the Holder
    of such Note to deliver such Note to the Trustee. The Trustee may place an appropriate notation on such Note about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company, in exchange for
    the Note, will issue and the Trustee will authenticate a new Note that reflects the changed terms.

   

  Article X

    

    CONVERSIONS

   

  Section 10.01       Right To Convert.

   

  (a)           In General. Subject to, and upon compliance with, the provisions of this Article X, a Holder may, at its option, convert all of its Notes, or any
    portion of its Notes having a principal amount equal to $1,000 or an integral multiple thereof, (i) subject to satisfaction of the conditions set forth in Section 10.01(b), at any time prior to the Close of Business on the Business Day immediately
    preceding October 15, 2025, under the circumstances and during the periods set forth in Section 10.01(b), and (ii) irrespective of the conditions set forth in Section 10.01(b), on or after October 15, 2025, and prior to the Close of Business on the
    second Business Day immediately preceding the Maturity Date, in each case, into Conversion Consideration, as provided in this Article X, based on the Conversion Rate. Notes may not be converted after the Close of Business on the second Business Day
    immediately preceding the Maturity Date.

  
    48

    
      
 

  

  (b)         Conditions to Conversions Prior to the Close of Business on the Business Day Immediately Preceding October 15, 2025. Prior to the Close of Business
    on the Business Day immediately preceding October 15, 2025, no Notes may be converted except under the circumstances and during the periods set forth below in this Section 10.01(b).

   

  (i)               Conversion Upon Satisfaction of Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding
    October 15, 2025, a Holder may present its Notes for conversion during any calendar quarter commencing after the calendar quarter ending on March 31, 2020 (and only during such calendar quarter), if the Last Reported Sale Price per share of the Common
    Stock for each of at least 20 Trading Days (whether or not consecutive) during the 30 consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter is greater than one hundred and thirty percent
    (130%) of the Conversion Price on such Trading Day. The Company shall determine at the beginning of each calendar quarter commencing March 31, 2020 whether the Notes may be surrendered for conversion in accordance with this Section 10.01(b)(i) and
    shall notify the Holders, the Trustee and the Conversion Agent in writing if the Notes become convertible in accordance with this Section 10.01(b)(i).

   

  (ii)              Conversion Upon Satisfaction of Trading Price Condition. Prior to the Close of Business on the Business Day immediately preceding
    October 15, 2025, a Holder may convert its Notes during the five consecutive Business Day period immediately after any five consecutive Trading Day period (such five consecutive Trading Day period, the “Measurement Period”) in which the Trading Price
    per $1,000 principal amount of the 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 of the Common Stock and the Conversion Rate on such Trading Day. The condition set forth in the preceding sentence is herein referred to as the “Trading Price Condition.”

   

  The Trading Price shall be determined by the Bid Solicitation Agent pursuant to this Section 10.01(b) and the definition of Trading Price set forth herein. The Bid
    Solicitation Agent (if other than the Company) shall have no obligation to determine the Trading Price per $1,000 principal amount 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 of at least $2,000,000 aggregate principal amount of Notes provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of the Notes would be less than ninety
    eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate. At such time, the Company shall, or shall instruct the Bid Solicitation Agent to, determine the Trading Price per $1,000 principal amount of
    the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of the Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price of the
    Common Stock and the Conversion Rate. If the Trading Price condition has been met, the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing. If, on any Trading Day after the Trading Price
    Condition has been met, 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 of the Common Stock and the Conversion Rate for such Trading Day, the
    Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing.

  
    49

    
      
 

  

  (iii)         Conversion Upon Specified Corporate Events.

   

  (1)          Certain Distributions. If, prior to the Close of Business on the Business Day immediately preceding October 15, 2025, the Company
    elects to:

   

  (A)              issue, to all or substantially all holders of the Common Stock, any rights, options or warrants entitling them, for a period of not more
    than 60 calendar days after the record date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share less than the average of the Last Reported Sale Prices of the Common Stock for the 10 consecutive Trading Day
    period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or

   

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

   

  then, in either case, (x) the Company must notify Holders at least 55 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution; and (y)
    once the Company has given such notice, Holders may convert their Notes at any time until the earlier of 5:00 p.m., New York City time, on the Business Day immediately preceding such Ex-Dividend Date and the Company’s announcement, if any, that such
    issuance or distribution will not take place.

   

  (2)          Certain Corporate Events. If, prior to the Close of Business on the Business Day immediately preceding October 15, 2025, either (i) a
    transaction or event that constitutes a Fundamental Change occurs; (ii) a transaction or event that constitutes a Make-Whole Fundamental Change occurs pursuant to clause (i) of the definition of “Make-Whole Fundamental Change”; or (iii) the Company is
    a party to a consolidation, merger, binding share exchange, or a transfer or lease of all or substantially all of the Company’s assets, or any other transaction, in each case pursuant to which the Common Stock would be converted into or exchanged for,
    or would constitute solely the right to receive, cash, securities or other property, then the Notes may be converted at any time from and after the effective date of the transaction or event until the earlier of (x) 35 Trading Days after the actual
    effective date of such transaction or event (or, if later, the date on which the Company provides notice of such transaction or event) or, if such transaction or event also constitutes a Fundamental Change, the related Fundamental Change Repurchase
    Date; and (y) the Close of Business on the second Business Day immediately preceding the Maturity Date. No later than the Business Day after the date the Company publicly announces such transaction or event, the Company shall notify the Holders, the
    Trustee and the Conversion Agent (if other than the Trustee) in writing of such transaction, its effective date and the related right to convert Notes.

   

  (A)              Conversion Based on Redemption. If the Company calls a Note for Redemption prior to October 15, 2025, then the Holder of such Note
    may surrender the Note for conversion at any time before the Close of Business on the second Business Day immediately preceding the Redemption Date.

   

  (c)            Closed Periods. Notwithstanding anything to the contrary in this Indenture, (i) if the Company calls the Notes for Redemption in accordance with
    Article XI hereof, a Holder may not convert its Notes after the Close of Business on the Business Day immediately preceding the applicable Redemption Date except to the extent the Company fails to pay the Redemption Price for such Notes in

  
    50

    
      
 

  

  accordance with Section 11.05 hereof, and (ii) if a Holder tenders a Fundamental Change Repurchase Notice with respect to its Notes in accordance with Article III
    hereof, such Notes may not be converted except to the extent (A) such Notes are not subject to such Fundamental Change Repurchase Notice; (B) such Fundamental Change Repurchase Notice is withdrawn in accordance with Article III hereof; or (C) the
    Company fails to pay the Fundamental Change Repurchase Price for such Notes in accordance with Section 3.08 hereof.

   

  Section 10.02        Conversion Procedures.

   

  (a)            General. To exercise its conversion right with respect to a beneficial interest in a Global Note, the owner of such beneficial interest must (i)
    comply with the Applicable Procedures for converting such beneficial interest; (ii) pay any funds equal to interest payable on the next Interest Payment Date that such Holder is required to pay under Section 10.02(d); and (iii) pay any taxes or duties
    that such Holder is required to pay under the proviso to Section 10.02(e).

   

  To exercise its conversion right with respect to a Definitive Note, the Holder of such Note must (i) complete and manually sign the conversion notice on the back of
    the Note, or a facsimile of such conversion notice (such notice, or such facsimile, the “Conversion Notice”); (ii) deliver such signed and completed Conversion Notice and such Note to the Conversion Agent at its office; (iii) furnish any endorsements
    and transfer documents that the Company, Conversion Agent, Trustee or Transfer Agent may require; (iv) pay any funds equal to interest payable on the next Interest Payment Date that such Holder is required to pay under Section 10.02(d); and (v) pay any
    taxes or duties that such Holder is required to pay under the proviso to Section 10.02(e).

   

  The first Business Day on which a Holder satisfies the foregoing requirements with respect to a Note and on which conversion of such Note is not otherwise prohibited
    under this Indenture will be the “Conversion Date” for such Note.

   

  The conversion of any Note will be deemed to occur at the Close of Business on the Conversion Date for such Note, and any converted Note or portion thereof will
    cease to be outstanding upon conversion.

   

  (b)            Holder of Record. If a Holder surrenders the entire principal amount of a Note for conversion, such Person will no longer be the Holder of such
    Note as of the Close of Business on the Conversion Date for such Note.

   

  The person in whose name any shares of Common Stock shall be issuable upon conversion of any Note will become the holder of record of such shares as of the Close of
    Business on the Conversion Date for such conversion, in the case of Physical Settlement, or the last Trading Day of the relevant Observation Period, in the case of Combination Settlement.

   

  (c)            Conversions in Part. If a Holder surrenders only a portion of the principal amount of a Definitive Note for conversion, promptly after the
    Conversion Date for such portion, the Company will, in accordance with Section 2.05 hereof, execute and deliver to the Trustee, and the Trustee will, upon receipt of a Company Order and the documents required by Sections 12.03 and 12.04 hereof, in
    accordance with Section 2.05 hereof, authenticate and deliver to such Holder a new Definitive Note in an authorized denomination, having a principal amount equal to the aggregate principal amount of the unconverted portion of the Definitive Note
    surrendered for conversion and bearing registration numbers not contemporaneously outstanding and any restrictive legends that such Definitive Note must bear under Section 2.10 hereof.

   

  Upon the conversion of any beneficial interest in a Global Note, the Conversion Agent will promptly request that the Trustee make a notation on the “Schedule of
    Increases and Decreases of Global

  
    51

    
      
 

  

  Note” of such Global Note to reduce the principal amount represented by such Global Note by the principal amount of the converted beneficial interest. If all of the
    beneficial interests in a Global Note are so converted, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures.

   

  (d)            Reimbursement of Interest upon Conversion. If a Holder converts a Note after the Close of Business on a Regular Record Date, but prior to the
    Open of Business on the Interest Payment Date corresponding to such Regular Record Date, then (x) the Holder of such Note at the Close of Business on such Regular Record Date shall be entitled, notwithstanding such conversion, to receive, on such
    Interest Payment Date, the unpaid interest that has accrued on such Note to, but excluding, such Interest Payment Date; and (y) the Holder of such Note must, upon surrender of such Note for conversion, accompany such Note with an amount of cash equal
    to the amount of interest that will be payable on such Note on such Interest Payment Date; provided, however, that a Holder need not make such payment (A) for conversions following the Regular Record Date immediately preceding the
    Maturity Date; (B) if the Company has specified a Fundamental Change Repurchase Date that is after a Regular Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date and the Holder converts its Note
    after the Close of Business on such Regular Record Date and on or prior to the Open of Business on such Interest Payment Date; (C) if the Company has specified a Redemption Date that is after a Regular Record Date and on or prior to the Business Day
    immediately following the Interest Payment Date corresponding to such Regular Record Date and such Holder surrenders such Note for conversion after such Regular Record Date and prior to the Open of Business on such Interest Payment Date; or (D) to the
    extent of any overdue interest, if any overdue interest exists at the time of conversion with respect to such Note. Therefore, for the avoidance of doubt, all Holders of record on the Regular Record Date immediately preceding the Maturity Date, any
    Fundamental Change Repurchase Date described in clause (B) above and any Redemption Date described in clause (C) above shall receive the full interest payment due on the Maturity Date or other applicable Interest Payment Date in cash regardless of
    whether their Notes have been converted following such Regular Record Date.

   

  (e)            Taxes and Duties. If a Holder converts a Note, the Company will pay any documentary, stamp or similar issue or transfer tax due on the issue of
    any shares of the Common Stock upon the conversion; provided, however, that if any tax is due because the converting Holder requested that shares of Common Stock be issued in a name other than its own, such Holder will pay such tax and
    the Conversion Agent, until having received a sum sufficient to pay such tax, may refuse to deliver any certificates representing the shares of Common Stock being issued in a name other than that of such Holder.

   

  (f)             Notices. Whenever a Conversion Date occurs with respect to a Note, the Conversion Agent will, as promptly as possible upon receipt of a notice
    from the Depositary, in the case of a Global Note, or a Holder, in the case of a Definitive Note, and in no event later than 12:00 p.m., New York City time on the Business Day immediately following such receipt, deliver to the Company and the Trustee
    notice that a Conversion Date has occurred, which notice will state such Conversion Date, the principal amount of Notes converted on such Conversion Date and the names of the Holders that converted Notes on such Conversion Date.

   

  Section 10.03       Settlement Upon Conversion.

   

  (a)          Conversion Obligation.

   

  (i)               Settlement Method. Upon the conversion of any Note, the Company shall settle such conversion by paying or delivering, as applicable
    and as provided in this Article X, either (A) solely cash (a “Cash Settlement”); (B) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 10.03(a)(ii)(1) (a

  
    52

    
      
 

  

  “Physical Settlement”); or (C) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided
    in Section 10.03(a)(ii)(3) (a “Combination Settlement”). The Company shall have the right to elect the Settlement Method applicable to any conversion of a Note; provided, however, that:

   

  (1)             all conversions of Notes whose Conversion Date occurs on or after October 15, 2025 will be settled using the same Settlement Method, and
    the Company shall, so long as the Conversion Date does not occur during the Redemption Period, send written notice of such Settlement Method to Holders, through the Trustee, no later than the Close of Business on the Scheduled Trading Day immediately
    preceding October 15, 2025;

   

  (2)             all conversions of Notes whose Conversion Date occurs during the Redemption Period will be settled using the same Settlement Method, and
    the Company shall send written notice of such Settlement Method to Holders, through the Trustee, concurrently with delivery of the relevant Redemption Notice;

   

  (3)             the Company shall use the same Settlement Method for all conversions of Notes whose Conversion Dates occur on the same day (and, for the
    avoidance of doubt, the Company shall 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 Section 10.03(a)(i)(1) and Section 10.03(a)(i)(2)
    above);

   

  (4)             if the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date occurs before October 15, 2025,
    the Company shall send written notice of such Settlement Method to the Holder of such Note, through the Trustee, no later no later than the Close of Business on the Scheduled Trading Day immediately following such Conversion Date;

   

  (5)             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 Combination Settlement with a Specified Dollar Amount per $1,000 principal amount of such Note equal to $1,000;

   

  (6)             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 Specified Dollar Amount, then the Specified Dollar Amount for such conversion will be deemed to be $1,000 per $1,000 principal amount of such Note; and

   

  (7)             the Settlement Method shall be subject to clause (II) of Section 10.08(a);

   

  (ii)          Conversion Consideration. The type and amount of consideration (the “Conversion Consideration”) due in respect of each $1,000 principal
    amount of a Note to be converted shall be as follows:

   

  (1)             if Physical Settlement applies to such conversion, (I) a whole number of shares of Common Stock equal to the Conversion Rate in effect on
    the Conversion Date for such conversion (which, if not a whole number, shall be rounded down to the nearest whole number); and (II) if such Conversion Rate is not a whole number, cash in lieu of the related fractional share in an amount equal to the
    product of (x) the Daily VWAP on such Conversion Date (or if such Conversion Date is not a Trading Day, the immediately preceding Trading Day) and (y) the fractional portion of such Conversion Rate;

  
    53

    
      
 

  

  (2)             if Cash Settlement applies to such conversion, cash in an amount equal to the sum of the Daily Conversion Values for each of the 50
    consecutive Trading Days in the Observation Period for such conversion; or

   

  (3)             if Combination Settlement applies to such conversion, a settlement amount equal to (I) the sum of the Daily Settlement Amounts for each of
    the 50 consecutive Trading Days in the Observation Period for such conversion (which, for the avoidance of doubt, shall consist of a number of whole shares of Common Stock equal to the sum of the Daily Share Amounts for each of the Trading Days in such
    Observation Period (which, if such sum is not a whole number, shall be rounded down to the nearest whole number) and cash in an amount equal to the sum of the Daily Cash Amounts for each of the Trading Days in such Observation Period); and (II) if the
    sum of the Daily Share Amounts for each of the Trading Days in such Observation Period is not a whole number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Daily VWAP on the last Trading Day of such
    Observation Period and (y) the fractional portion of such sum.

   

  With respect to any conversion of Notes to which Cash Settlement or Combination Settlement applies, the Company shall determine the Conversion
    Consideration due thereupon promptly following the last day of the applicable Observation Period and shall promptly thereafter notify the Trustee and the Conversion Agent (if other than the Trustee) in writing of the same and the calculation thereof in
    reasonable detail. Neither the Trustee nor the Conversion Agent (if other than the Trustee) shall have any responsibility for any such determination.

   

  (iii)          Delivery of Conversion Consideration. Except as set forth in Sections 10.05, 10.07 and 10.08 hereof, the Company shall pay or deliver,
    as the case may be, the Conversion Consideration due upon the conversion of any Note to the Holder thereof as follows: (i) if Cash Settlement or Combination Settlement applies to such conversion, on the second (2nd) Business Day immediately following the last Trading Day of the Observation Period for such conversion; and (ii) if Physical Settlement applies to such conversion, on the second (2nd) Business Day immediately following the Conversion Date for such conversion.

   

  (b)           Conversion of Multiple Notes by a Single Holder. If a Holder converts more than one Note on a single Conversion Date, the Conversion Consideration
    due in respect of such conversion will be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder.

   

  (c)            Settlement of Accrued Interest and Deemed Payment of Principal. If a Holder converts a Note, the Company will not adjust the Conversion Rate to
    account for any accrued and unpaid interest on the Note, and the Company’s delivery of the Conversion Consideration due upon such conversion will be deemed to satisfy and discharge in full the Company’s obligation to pay the principal of such Note and
    accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date; provided, however, that if a Holder converts a Note after a Regular Record Date and prior to the Open of Business on the corresponding Interest
    Payment Date, the Company will still be obligated to pay the interest due on such Interest Payment Date to the Holder of such Note as of the Close of Business on such Regular Record Date. As a result, except as otherwise provided in the proviso to the
    immediately preceding sentence, any accrued and unpaid interest with respect to a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, if both cash and shares of the Common Stock are delivered
    upon the conversion of a Note, accrued and unpaid interest will be deemed to be paid first out of the amount of cash so delivered.

  
    54

    
      
 

  

  Section 10.04       Common Stock Issued Upon Conversion.

   

  (a)            Prior to issuing of any shares of Common Stock under this Article X, and from time to time thereafter as may be necessary, the Company will reserve out
    of its authorized but unissued shares of Common Stock a number of shares of Common Stock sufficient to permit the conversion of all then-outstanding Notes under Physical Settlement.

   

  (b)            Any shares of Common Stock delivered upon the conversion of the Notes will be newly issued shares or treasury shares, duly and validly issued, fully
    paid, nonassessable, 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 or other Person to whom such shares of Common Stock will be
    delivered). In addition, the Company will endeavor to comply promptly with all federal and state securities laws regulating the offer and delivery of any shares of Common Stock issuable upon conversion of the Notes; provided that the Company
    will not be obligated to register the offer and sale of such Common Stock under the Securities Act or any other applicable securities laws. The Company will also use commercially reasonable efforts to cause any shares of Common Stock issuable upon
    conversion of a Note to be listed on whatever stock exchange(s) the Common Stock is listed on the date the converting Holder becomes a record holder of such Common Stock.

   

  (c)            If any shares of the Common Stock issued upon conversion will, upon delivery as part of the conversion obligation, be “restricted securities” (within
    the meaning of Rule 144 or any successor provision in effect at such time), such shares of Common Stock (i) will be issued in physical, certificated form; (ii) will not be held in book-entry form through the facilities of the Depositary; and (iii) will
    bear any restrictive legends the Company or the Transfer Agent deem necessary to comply with applicable law.

   

  Section 10.05        Adjustment of Conversion Rate. The Company will adjust the Conversion Rate from time to time as described in this Section 10.05, except
    that the Company will not make an adjustment to the Conversion Rate if each Holder participates (other than in a share split or share combination), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of
    holding the Notes, in the relevant transaction described in this Section 10.05 without having to convert its Notes and as if it held number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record
    date, Effective Date or expiration date, and (ii) the aggregate principal amount of Notes held by such Holder (express in thousands) on such date, rounded up to the nearest whole number.

   

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

   

   

   

  	where		

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the
          Open of Business on the Effective Date of such share split or share combination, as applicable;

  
    55

    
      
 

  

  		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;

   

  		OS0 =	the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date or Effective Date, as applicable, prior to
          giving effect to such dividend, distribution, share split or share combination; and

   

  		OS1 =	the number of shares of Common Stock outstanding immediately after the Open of Business on such Ex-Dividend Date or Effective Date, as applicable, after, and
          solely as a result of, giving effect to such dividend, distribution, share split or share combination.

   

  If any dividend, distribution, share split or share combination of the type described in this Section 10.05(a) is declared, but not so paid or made, the Conversion Rate will be
    immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution or to effect such share split or share combination, to the Conversion Rate that would then be in effect if such dividend,
    distribution, share split or share combination had not been declared or announced.

   

  (b)            Rights, Options and Warrants. If the Company issues, to all or substantially all holders of its outstanding Common Stock, rights, options or
    warrants entitling such holders, for a period of not more than 60 calendar days after the record date of such issuance, to subscribe for, or purchase, shares of Common Stock, at a price per share less than the average of the Last Reported Sale Prices
    of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance, the Conversion Rate will be increased based on the following formula:

   

   

   

  where

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such issuance;

   

  		CR1 =	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;

   

  		OS0 =	the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date;

   

  		X =	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and

   

  		Y =	the number of shares of Common Stock equal to the quotient of (i) the aggregate price payable to exercise such rights, options or warrants, over (ii) the average of the Last Reported Sale Prices
          of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options or warrants.

   

  To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants, including because the issued rights, options or
    warrants were not exercised, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of delivery of only the
    number of shares of Common Stock actually delivered. If such rights, options or warrants are not so

  
    56

    
      
 

  

  
  issued, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect if the Ex-Dividend Date for such issuance had not occurred.

   

  For purposes of this Section 10.05(b), in determining whether any rights, options or warrants entitle holders of the Common Stock to subscribe for, or purchase,
    shares of Common Stock at a price per share less than the average of the Last Reported Sale Prices of Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement for an
    issuance, and in determining the aggregate price payable to exercise such rights, options or warrants, there will be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise
    thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors.

   

  (c)            Spin-Offs and Other Distributed Property.

   

  (i)             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:

   

  (1)            dividends, distributions or issuances for which an adjustment was effected pursuant to Section 10.05(a) hereof or Section 10.05(b) hereof,
    as applicable;

   

  (2)             dividends or distributions paid exclusively in cash for which an adjustment was effected pursuant to Section 10.05(d) hereof; and

   

  (3)             Spin-Offs for which the provisions set forth in Section 10.05(c)(ii) hereof will apply,

   

  then the Conversion Rate will be increased based on the following formula:

   

   

   

  where

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such distribution;

   

  		CR1 =	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;

   

  		SP0 =	the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day
          immediately preceding the Ex-Dividend Date for such distribution; and

   

  		FMV =	the fair market value (as determined by the Company’s Board of Directors) of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or
          warrants distributed with respect to each outstanding share of Common Stock on the Ex-Dividend Date for such distribution.

   

  Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than the “SP0” (as defined above), in lieu of the foregoing increase, each Holder will receive, for each $1,000 principal amount of Notes held on the record date for the distribution, at the same time and upon the same terms as

  
    57

    
      
 

  

  holders of the Common Stock, the amount and kind of shares of Capital Stock, evidences of indebtedness, assets or property, rights, options or warrants or other
    securities that such Holder would have received if such Holder had owned a number of shares of Common Stock equal to the Conversion Rate in effect on the record date for such distribution.

   

  If such distribution is not so paid or made, or if any rights, options or warrants are not exercised before their expiration date, the Conversion Rate will be
    readjusted to be the Conversion Rate that would then be in effect if such distribution had not been declared.

   

  (ii)            With respect to an adjustment pursuant to this Section 10.05(c) where there has been a payment of a dividend or other distribution on the
    Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to an Affiliate, a Subsidiary or other business unit of the Company, and such Capital Stock or similar equity interest is listed or quoted (or
    will be listed or quoted upon the consummation of the transaction) on a national securities exchange or a reasonably comparable non-U.S. equivalent (as determined by the Company’s Board of Directors (or, for the avoidance of doubt, any committee
    thereof)) (a “Spin-Off”), the Conversion Rate will be increased based on the following formula:

   

   

   

  where

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such Spin-Off;

   

  		CR1 =	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;

   

  		FMV0 =	the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of the Common Stock applicable to one
          share of Common Stock (determined for purposes of the definition of Last Reported Sale Price as if such Capital Stock or similar equity interest were the Common Stock) over the first 10 consecutive Trading Day period after, and including, the
          Ex-Dividend Date of the Spin-Off (the “Valuation Period”); and

   

  		MP0 =	the average of the Last Reported Sale Prices of the Common Stock over the Valuation Period.

   

  The adjustment to the Conversion Rate under this Section 10.05(c)(ii) will be calculated as of the Close of Business on the last Trading Day of the Valuation Period
    but will be given effect as of immediately after the Open of Business on the Ex-Dividend Date of the Spin-Off, with retroactive effect. The Company shall delay the settlement of any conversion of Notes where the Conversion Date (in the case of Physical
    Settlement) or any Trading Day of the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Valuation Period until the second Business Day after the last day of the Valuation Period. If any
    distribution of the type described in this Section 10.05(c)(ii) is declared but not so made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to make such distribution, to the
    Conversion Rate that would then be in effect if such distribution had not been declared.

  
    58

    
      
 

  

  For the purposes of this Section 10.05(c) and subsections (a) and (b) of this Section 10.05, any dividend or distribution to which this Section 10.05(c) applies and
    which dividend or distribution also includes one or both of:

   

  (1)             a dividend or distribution of shares of Common Stock to which Section 10.05(a) hereof applies (a “Clause A Distribution”); or

   

  (2)             a dividend or distribution of rights, options or warrants to which Section 10.05(b) hereof applies (a “Clause B Distribution”)

   

  (any such distribution, a “Multi-Clause Distribution”), then (i) the portion of such Multi-Clause Distribution that is not a Clause A Distribution or a Clause B Distribution will be
    deemed to be a dividend or distribution to which this Section 10.05(c) applies (a “Clause C Distribution”), and any Conversion Rate adjustment required by this Section 10.05(c) with respect to such Clause C Distribution will be made without considering
    any shares of Common Stock, if any, issuable as part of the portion of such Multi-Clause Distribution that is a Clause A Distribution or a Clause B Distribution, as applicable, (ii) the portion of such Multi-Clause Distribution that is a Clause B
    Distribution, if any, will be deemed to be distributed immediately following the Clause C Distribution, and any Conversion Rate adjustment required by Section 10.05(b) hereof with respect to such Clause B Distribution will be made, with any shares of
    Common Stock issuable as part of the portion of such Multi-Clause Distribution that is a Clause C Distribution deemed to be “outstanding immediately prior to the Open of Business on such Ex-Dividend Date” for the purposes of making such adjustment and
    (iii) the portion of such Multi-Clause Distribution that is a Clause A Distribution, if any, will be deemed to be distributed immediately following the Clause B Distribution or Clause C Distribution, as the case may be, and any Conversion Rate
    adjustment required by Section 10.05(a) hereof with respect to such Clause A Distribution will be made, with any shares of Common Stock issuable as part of the portion of such Multi-Clause Distribution that is either a Clause C Distribution or a Clause
    B Distribution deemed to be “outstanding immediately prior to the Open of Business on such Ex-Dividend Date or Effective Date” for the purposes of making such adjustment.

   

  (d)            Cash Dividends or Distributions. If any cash dividend or distribution is made to all or substantially all holders of the Common Stock, the
    Conversion Rate will be increased based on the following formula:

   

   

   

  where

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution;

   

  		CR1 =	the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution;

   

  		SP0 =	the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and

   

  		C =	the amount in cash per share the Company distributes to holders of Common Stock.

   

  Notwithstanding the foregoing, if “C” (as defined above) is equal to or greater than “SP0”
    (as defined above), in lieu of the foregoing increase, each Holder will receive, for each $1,000 principal amount of Notes held on the record date for such cash dividend or distribution, at the same time and upon the same terms as holders of the Common
    Stock, the amount of cash that such Holder would have

  
    59

    
      
 

  

  received if such Holder had owned a number of shares of Common Stock equal to the Conversion Rate in effect on such record date for such cash dividend or distribution.
    If any such dividend or distribution is declared but not so paid or made, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

   

  (e)                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 the Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of Common Stock exceeds the Last Reported Sale Price of the Common Stock on the Trading Day next succeeding the last date on which
    tenders or exchanges may be made pursuant to such tender offer or exchange offer (as it may be amended), the Conversion Rate will be increased based on the following formula:

   

   

   

  where

   

  		CR0 =	the Conversion Rate in effect immediately prior to the Expiration Time;

   

  		CR1 =	the Conversion Rate in effect immediately after the Expiration Time;

   

  		AC =	the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares purchased in such tender or exchange offer;

   

  		OS0 =	the number of shares of Common Stock outstanding immediately prior to the time (the “Expiration Time”) on the date such tender or exchange offer expires
          (prior to giving effect to the purchase of all shares accepted for purchase or exchange in such tender or exchange offer);

   

  		OS1 =	the number of shares of Common Stock outstanding immediately after the Expiration Time (after giving effect to the purchase of all shares accepted for
          purchase or exchange in such tender or exchange offer); and

   

  		SP1 =	the average of the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period (the “Averaging Period”) commencing on, and
          including, the Trading Day next succeeding the date such tender or exchange offer expires.

   

  The adjustment to the Conversion Rate pursuant to this Section 10.05(e) will be calculated as of the Close of Business on the last Trading Day of the Averaging
    Period but will be given effect as of immediately after the Expiration Time, with retroactive effect. The Company shall delay the settlement of any conversion of Notes where the Conversion Date (in the case of Physical Settlement) or any Trading Day of
    the applicable Observation Period (in the case of Cash Settlement or Combination Settlement) occurs during the Averaging Period until the second (2nd) Business Day after
    the last day of the Averaging Period.

   

  (f)             Special Settlement Provisions. Notwithstanding anything to the contrary herein, if a Holder converts a Note and:

   

  (i)             Combination Settlement is applicable to such Note and shares of Common Stock are deliverable to settle the Daily Share Amount for a given
    Trading Day within the Observation Period applicable to such Note;

  
    60

    
      
 

  

  (ii)            any distribution, transaction or event described in Sections 10.05(a) through (e) hereof has not yet resulted in an adjustment to the
    applicable Conversion Rate on such Trading Day; and

   

  (iii)           the shares of Common Stock deliverable in respect of such Trading Day are not entitled to participate in the relevant distribution or
    transaction (because such shares of Common Stock were not held on a related Record Date or otherwise),

   

  then the Company will adjust the number of shares of Common Stock delivered in respect of the relevant Trading Day to reflect the relevant distribution or transaction.

   

  If a Holder converts a Note and:

   

  (i)             Physical Settlement is applicable to such Note;

   

  (ii)            any distribution or transaction described in Sections 10.05(a) through (e) hereof has not yet resulted in an adjustment to the applicable
    Conversion Rate on a given Conversion Date; and

   

  (iii)           the shares of Common Stock deliverable on settlement of the related conversion are not entitled to participate in the relevant distribution
    or transaction (because such shares of Common Stock were not held on a related Record Date or otherwise),

   

  then the Company will adjust the number of shares of Common Stock delivered in respect of the relevant Trading Day to reflect the relevant distribution or transaction.
    Notwithstanding the foregoing, if a Conversion Rate adjustment becomes effective on any Ex-Dividend Date as described above, and a Holder that has converted its Notes on or after such Ex-Dividend Date and on or prior to the related Record Date would be
    treated as the record holder of shares of Common Stock as of the related Conversion Date pursuant to Section 10.03 based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the foregoing Conversion Rate adjustment
    provisions, the Conversion Rate adjustment relating to such Ex-Dividend Date will not be made for such converting Holder. Instead, such Holder will be treated as if such Holder were the record owner of the shares of Common Stock on an unadjusted basis
    and participate in the related dividend, distribution or other event giving rise to such adjustment.

   

  (g)          Successive Adjustments. After an adjustment to the Conversion Rate under this Article X, any subsequent event requiring an adjustment under this
    Article X will cause an adjustment to the Conversion Rate as so adjusted, without duplication.

   

  (h)          Adjustments Not Yet Effective. If a Holder converts a Note and, as of the Conversion Date for such Note, any distribution or transaction that
    requires an adjustment to the Conversion Rate pursuant to Sections 10.05(a) through (e) hereof has occurred but has not yet resulted in an adjustment to the Conversion Rate and the shares of Common Stock, if any, that such Holder will receive upon
    settlement of its converted Note are not entitled to participate in the relevant distribution or transaction (because they were not held on a related record date or otherwise), then the Company will adjust the number of shares of Common Stock that it
    delivers to such Holder to reflect the relevant distribution or transaction.

   

  (i)           Conversion Rate Adjustments where Converting Holders Participate in the Relevant Dividend, Distribution or other Transaction. Notwithstanding
    anything to the contrary herein or in the Notes, if a Conversion Rate adjustment becomes effective on any Ex-Dividend Date pursuant to Section 10.05, and a Holder that has converted its Notes on or after such Ex-Dividend Date and on or prior to the
    related record date would be treated, on such record date, as the record holder of the shares of Common Stock, if any, issuable upon such conversion based on an adjusted Conversion Rate for such Ex-

  
    61

    
      
 

  

  Dividend Date, then the Conversion Rate adjustment relating to such Ex-Dividend Date will not be made for such converting holder. Instead, such Holder will be treated
    as if such Holder were, as of such record date, the record owner of such shares of Common Stock on an unadjusted basis and will participate in the related dividend, distribution or other event giving rise to such adjustment.

   

  (j)           Stockholder Rights Plans. If the Company adopts a rights plan and such rights plan is in effect when a Holder converts a Note, the Company will
    deliver to such Holder, in addition to any shares of Common Stock otherwise issuable to such Holder upon conversion of such Note, any rights that, under the rights plan, would be applicable to a share of Common Stock, unless prior to the Conversion
    Date for such Note, the rights have separated from the Common Stock, in which case, and only in such case, the Conversion Rate will be adjusted pursuant to Section 10.05(c)(i) as if, at the time of such separation, the Company had distributed to all
    holders of the Common Stock shares of its Capital Stock, evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock, subject to readjustment in the event of the expiration,
    termination or redemption of such rights.

   

  (k)          Other Adjustments. Whenever any provision of this Indenture requires the calculation of the Last Reported Sale Price, Daily VWAP or a function
    thereof over a period of multiple days (including any Observation Period and the Stock Price for purposes of a Make-Whole Fundamental Change), the Company will make appropriate adjustments to the Last Reported Sale Price or such function thereof to
    account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend date, Effective Date or expiration date of the event occurs, at any time during such period.

   

  (l)           Restrictions on Adjustments. Except as a result of a reverse share split, share combination subject to Section 10.05(a), and except for
    readjustments pursuant to the last paragraph of Section 10.05(a), readjustments pursuant to the penultimate paragraph of Section 10.05(b), readjustments pursuant to the last paragraph of Section 10.05(c)(i), readjustments pursuant to the penultimate
    paragraph of Section 10.05(c)(ii) and readjustments pursuant to the last paragraph of Section 10.05(d), in no event will the Conversion Rate be adjusted downward pursuant to Sections 10.05(a), (b), (c), (d) or (e) hereof.

   

  In addition, notwithstanding anything to the contrary elsewhere in this Indenture, the Conversion Rate will not be adjusted:

   

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

   

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

   

  (iii)           upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security
    not described in the preceding clause and outstanding as of the date of the Issue Date;

   

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

   

  (v)            for accrued and unpaid interest.

   

  (m)         Deferral of Adjustments. The Company may defer any adjustment to the Conversion Rate unless such adjustment would increase or decrease the
    Conversion Rate by at least 1% of the Conversion Rate in effect at the time the Company would otherwise be required to make such

  
    62

    
      
 

  

  adjustment; provided, however, that if the Company defers an adjustment pursuant to this Section 10.05(m), then the Company must carry forward such
    adjustment and take it into account in any future adjustment. Notwithstanding the foregoing, (i) on each Conversion Date (in the case of Physical Settlement) or on each Trading Day of any Observation Period (in the case of Cash Settlement or
    Combination Settlement), (ii) on the occurrence of any Fundamental Change or Make-Whole Fundamental Change and (iii) on every one-year anniversary of the Issue Date, the Company will give effect to all Conversion Rate adjustments that have otherwise
    been deferred pursuant to this Section 10.05(m), and such adjustments will no longer be carried forward and taken into account in any future adjustment.

   

  (n)          Miscellaneous.

   

  (i)           Certain Definitions.

   

  (1)             For purposes of this Section 10.05, (1) the number of shares outstanding at any time will include shares issuable in respect of scrip
    certificates issued in lieu of fractions of shares of Common Stock, but, (2) so long as the Company does not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company, will not include shares of Common
    Stock held in the treasury of the Company.

   

  (2)             For purposes of this Section 10.05, the term “Effective Date” will mean the first date on which the Common Stock trades on the applicable
    exchange or in the applicable market, regular way, reflecting the relevant share split or share combination, as applicable.

   

  (3)             For purposes of this Section 10.05, the term “Ex-Dividend Date” will mean the first date on which the shares of the Common Stock trade on
    the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question.

   

  (ii)          Notices. Upon the public announcement of any event that will require the Company to make an adjustment to the Conversion Rate pursuant
    to this Section 10.05, the Company will deliver to each Holder a written notice, which notice will include (i) a brief description of such event, (ii) the date on which the Company anticipates that such event will occur, (iii) the date on which the
    Company anticipates that the adjustment to the Conversion Rate will become effective, and (iv) if any record date, expiration date, Ex-Dividend Date or Effective Date is applicable to such event, such record date, expiration date, Ex-Dividend Date or
    Effective Date. Neither the failure to give such notice, nor any defect therein, will affect the legality or validity of such action by the Company.

   

  Whenever the Company adjusts the Conversion Rate pursuant to this Section 10.05, the Company will promptly deliver to each Holder a written notice, which notice will
    include (i) a brief description of the event requiring adjustment to the Conversion Rate pursuant to this Section 10.05, (ii) the effective time of such adjustment, (iii) the Conversion Rate in effect immediately after such adjustment is made and (iv)
    a schedule explaining, in reasonable detail, how the Company calculated such adjustment. On the same day the Company delivers such notice to each Holder, the Company will deliver to the Trustee, the Paying Agent and the Conversion Agent an Officers’
    Certificate that includes all of the information contained in such notice, which Officers’ Certificate each of the Trustee, the Paying Agent and the Conversion Agent may treat as conclusive evidence that the adjustment specified in such Officers’
    Certificate is correct and will be in effect as of the effective time specified in such Officers’ Certificate. The failure to deliver such notice will not affect the legality or validity of any such adjustment.

  
    63

    
      
 

  

  Section 10.06        Voluntary Adjustments.

   

  (a)            Best Interest Increases. Subject to the limitations of Section 10.10 hereof, the Company may, from time to time, to the extent permitted by law,
    increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is in the best interest of the Company, (ii) such increase is in effect for a period of at least 20 Business Days, and (iii) during such period, such
    increase is irrevocable.

   

  (b)            Tax-Related Increases. Subject to the limitations of Section 10.10 hereof, the Company may (but is not required to) increase the Conversion Rate
    if the Board of Directors determines that such increase is advisable to avoid, or diminish, any U.S. federal income tax imposed on holders of the Common Stock or rights to purchase the Common Stock as a result of any dividend or distribution of shares
    (or rights to acquire shares) or similar event treated as such for U.S. federal income tax purposes.

   

  (c)             Notices. Whenever the Board of Directors determines that the Company will increase the Conversion Rate pursuant to this Section 10.06, the
    Company will mail to each Holder notice of such increase at least 15 Business Days before such increase will take effect, which notice will state the increase to be made and the period during which such increase will be in effect.

   

  Section 10.07       Adjustments Upon Certain Fundamental Changes.

   

  (a)          General. If (i) a Fundamental Change (determined after giving effect to the paragraph immediately following clause (d) of the definition thereof,
    but without regard to the exclusion in clause (b)(ii) of the definition thereof) occurs or (ii) the Company calls the Notes for redemption pursuant to Article XI (either such event, a “Make-Whole Fundamental Change”), and a Holder converts its Notes in
    connection with such Make-Whole Fundamental Change, the Company will, in the circumstances described in this Section 10.07, increase the Conversion Rate for such Notes by the number of additional shares of Common Stock (the “Additional Shares”) set
    forth in this Section 10.07. For purposes of this Section 10.07, a conversion of Notes will be deemed to be “in connection with”:

   

  (i)             a Make-Whole Fundamental Change described in clause (i) of the definition of “Make-Whole Fundamental Change” if (A) for Conversion Dates
    prior to October 15, 2025, the applicable Conversion Date occurs during the period when the Notes are convertible on account of such Make-Whole Fundamental Change pursuant to Section 10.01(b)(iii)(2) and (B) for Conversion Dates on or after October 15,
    2025 if the applicable Conversion Date occurs during the period from, and including, the effective date of the Make-Whole Fundamental Change up to, and including, the Business Day immediately prior to the related Fundamental Change Repurchase Date (or,
    in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the exclusion in clause (b)(ii) of the definition thereof, the 35th Trading Day immediately following the effective date of such Make-Whole Fundamental
    Change).

   

  (ii)            a Make-Whole Fundamental Change described in clause (ii) of the definition of “Make-Whole Fundamental Change” if the Conversion Notice for
    such Notes is received by the Conversion Agent during the period beginning on, and including, the Redemption Notice Date and ending on the Close of Business on the second Business Day immediately preceding the Redemption Date.

   

  No later than two Business Days immediately after the effective date of a Make-Whole Fundamental Change described in clause (i) of the definition of “Make-Whole
    Fundamental Change” contained in this Section 10.07, the Company will notify the Holders of such effective date and issue a press release announcing such effective date.

  
    64

    
      
 

  

  (b)          Determination of Additional Shares. The number of Additional Shares by which the Conversion Rate will be increased if a Holder converts a Note in
    connection with a Make-Whole Fundamental Change will be determined by reference to the table below, and will be based on the Make-Whole Fundamental Change Effective Date and the Stock Price for such Make-Whole Fundamental Change. For any Make-Whole
    Fundamental Change, the “Make-Whole Fundamental Change Effective Date” will mean, (i) if such Make-Whole Fundamental Change is of the type described in clause (i) of the definition of Make-Whole Fundamental Change contained in Section 10.07(a) hereof,
    the date on which such Make-Whole Fundamental Change occurs or becomes effective, and (ii) if such Make-Whole Fundamental Change is of the type described in clause (ii) of the definition of Make-Whole Fundamental Change contained in Section 10.07(a)
    hereof, the applicable Redemption Notice Date.

   

  (c)          Adjustment of Stock Prices and Additional Shares. The Stock Prices set forth in the first row (i.e., the column headers) of the table below
    will be adjusted on each date on which the Conversion Rate must be adjusted pursuant to Section 10.05. The adjusted Stock Prices will equal the Stock Prices in effect immediately prior to such adjustment, multiplied by a fraction, (i) the numerator of
    which is the Conversion Rate in effect immediately prior to the adjustment giving rise to the share price adjustment, and (ii) the denominator of which is the Conversion Rate in effect immediately after the adjustment. The numbers of Additional Shares
    set forth in the table below will be adjusted in the same manner, at the same time and for the same events for which the Conversion Rate is adjusted pursuant to Section 10.05 hereof.

   

  (d)          Additional Shares Table. The following table sets forth hypothetical Make-Whole Fundamental Change Effective Dates, Stock Prices and the number of
    Additional Shares by which the Conversion Rate will be increased per $1,000 principal amount of Notes for a Holder that converts a Note in connection with a Make-Whole Fundamental Change having such Make-Whole Fundamental Change Effective Date and
    Stock Price.

   

  	EFFECTIVE DATE / DATE OF	 
	NOTICE  OF REDEMPTION	$32.43	$38.00	$42.97	$50.00	$55.86	$65.00	$80.00	$100.00	$125.00	$150.00
	February 10, 2020	7.5634	6.4989	5.1081	3.7398	2.9415	2.0755	1.2303	0.6378	0.2758	0.1045
	April 15, 2021	7.5634	6.3831	4.9452	3.5518	2.7518	1.9001	1.0891	0.5408	0.2182	0.0725
	April 15, 2022	7.5634	6.2015	4.7217	3.3098	2.5173	1.6909	0.9303	0.4378	0.1614	0.0438
	April 15, 2023	7.5634	5.9015	4.3750	2.9538	2.1807	1.4016	0.7241	0.3138	0.0998	0.0171
	April 15, 2024	7.5634	5.4199	3.8374	2.4258	1.6974	1.0093	0.4678	0.1778	0.0414	0.0100
	April 15, 2025	7.5634	4.6120	2.9391	1.5818	0.9705	0.4801	0.1815	0.0578	0.0050	0.0030
	April 15, 2026	7.5634	3.0435	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

   

  (e)          Use of Additional Shares Table. If the Stock Price and/or Make-Whole Fundamental Change Effective Date for a Make-Whole Fundamental Change are not
    set forth in the table above, then:

   

  (i)             if the Stock Price is between two Stock Prices in the table or the Make-Whole Fundamental Change Effective Date is between two Make-Whole
    Fundamental Change Effective Dates in the table, the number of Additional Shares by which the Conversion Rate will be increased for a Holder that converts a Note in connection with such Make-Whole Fundamental Change will be determined by a
    straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock Prices listed in the table and the earlier and later Make-Whole Fundamental Change Effective Dates listed in the table, as applicable, based
    on a 365- or 366-day year, as applicable;

  
    65

    
      
 

  

  (ii)            if the Stock Price is greater than $150.00, subject to adjustment in the same manner as the Stock Prices set forth in the column headings of
    the table, no Additional Shares will be added to the Conversion Rate; and

   

  (iii)           if the Stock Price is less than $32.43 per share, subject to adjustment in the same manner as the Stock Prices set forth in the column
    headings of the table, no Additional Shares will be added to the Conversion Rate.

   

  Notwithstanding the foregoing, in no event will the Conversion Rate be increased as a result of this Section 10.07 to exceed 30.8356 shares of Common Stock per
    $1,000 principal amount of Notes, subject to adjustment in the same manner, at the same time and for the same events for which the Conversion Rate must be adjusted as set forth in Section 10.05 hereof.

   

  (f)           Settlement on Conversion. If a Holder converts a Note in connection with a Make-Whole Fundamental Change, the Company will settle such conversion
    by delivering Conversion Consideration in accordance with Section 10.03 hereof; provided, however, that notwithstanding anything to the contrary in Section 10.03 hereof, if a Holder converts a Note in connection with a Make-Whole
    Fundamental Change described in clause (ii) of the definition of Fundamental Change in which the holders of the Common Stock receive only cash in consideration for their shares of Common Stock, the Company will settle such conversion by delivering to
    such Holder, on the second Business Day immediately following the Conversion Date for such Note, an amount of cash, for each $1,000 principal amount of such Note converted, equal to the product of (i) the Conversion Rate on the Conversion Date
    applicable to such Note (including any Additional Shares added to such Conversion Rate pursuant to this Section 10.07) and (ii) the Stock Price for such Make-Whole Fundamental Change.

   

  Section 10.08       Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale.

   

  (a)          General. If any of the following events occur:

   

  (i)             any recapitalization, reclassification or change of the Common Stock (other than changes resulting from a subdivision or combination or
    change only in par value or from par value to no par value or no par value to par value);

   

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

   

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

   

  (iv)          any statutory share exchange,

   

  and, in each case, as a result of which the Common Stock would be converted into, or exchanged for, or represent solely the right to receive, stock, other securities, other property or
    assets (including cash or any combination thereof) (such stock, other securities, other property or assets, the “Reference Property,” and the amount and kind of Reference Property that a holder of one share of Common Stock would be entitled to receive
    on account of such transaction, a “Reference Property Unit”), then, notwithstanding anything to the contrary herein or in the Notes, (I) at the effective time of such transaction, the Conversion Consideration due upon conversion of any Notes, 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 X were instead a reference to the same number of Reference Property Units; and (II) if such Reference
    Property Unit consists entirely of cash, then the Company will be deemed to elect Cash Settlement in respect of all conversions whose Conversion Date occurs on or after the effective date of the Merger Event and shall pay the cash due upon such
    conversions no later than the second (2nd) Business Day after the relevant Conversion Date. 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

  
    66

    
      
 

  

  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 amount thereof). Following such transaction or event, the Company shall continue to have the right to settle conversions of the Notes by paying cash, delivering Reference Property or paying and delivering, as the case may be, a combination of cash
    and Reference Property, at the Company’s election, subject to certain limitations set forth in Section 10.03 hereof. An event requiring a change to the Conversion Consideration as provided in the immediately preceding sentence is herein referred to as
    a “Merger Event,” and the resulting, surviving or transferee Person (if other than the Company) of such Merger Event is herein referred to as the “Merger Successor Corporation.” At or before the effective date of such Merger Event, the Company and such
    Merger Successor Corporation will execute and deliver to the Trustee a supplemental indenture pursuant to Section 9.03 hereof, which supplemental indenture will (i) comply with the TIA as in force on the date such supplemental indenture is executed (if
    this Indenture is then qualified under the TIA and such supplemental indenture is required by law to so comply); (ii) provide for subsequent conversions of Notes in the manner set forth in the first sentence of this Section 10.08(a); and (iii) provide
    for subsequent adjustments to the Conversion Rate pursuant to Section 10.05 in a manner that would have an economic effect on the Holders as nearly equivalent as practicable to the economic effect the adjustments provided by Section 10.05 hereof would
    have had on the Holders but for such Merger Event.

   

  If the Reference Property consists of more than a single type of consideration (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, per share of Common Stock, of the types and amounts of consideration received by the holders of Common Stock that affirmatively make such an election (or, if no holders of Common
    Stock affirmatively make such an election, the types and amounts of consideration actually received by the holders of Common Stock). The Company shall notify Holders of the weighted average as soon as practicable after such determination is made.

   

  If the Reference Property Unit for a Merger Event includes shares of stock or other securities or assets of a Person other than the Merger Successor Corporation for
    such Merger Event, then such other company will also execute such supplemental indenture and such supplemental indenture will contain whatever additional provisions the Board of Directors considers to be reasonably necessary to protect the Holders and
    to calculate the value of a Reference Property Unit.

   

  (b)          Notices.

   

  (i)            As soon as practicable upon learning the anticipated or actual effective date of any Merger Event, the Company will deliver written notice of
    such Merger Event to each Holder and the Trustee. Such notice will include:

   

  (1)            a brief description of such Merger Event;

   

  (2)            the Conversion Rate in effect on the date the Company delivers such notice;

   

  (3)            the anticipated effective date for the Merger Event;

   

  (4)            that, on and after the effective date for the Merger Event, the Notes will be convertible into Reference Property Units and cash in lieu of
    fractional Reference Property Units; and

   

  (5)            the composition of the Reference Property Unit for such Merger Event.

  
    67

    
      
 

  

  (ii)           As promptly as practicable after executing a supplemental indenture in accordance with Section 10.08(a) hereof, the Company will:

   

  (1)             file with the Trustee an Officers’ Certificate briefly describing the reasons therefor, the composition of the Reference Property Unit for
    such Merger Event, any adjustment to be made with respect thereto and that all conditions precedent under this Indenture to such Merger Event have been complied with; and

   

  (2)             cause to be sent to each Holder a notice of the execution of such supplemental indenture and the composition of the Reference Property Unit
    for such Merger Event; provided, that the failure to deliver such notice to any Holder will not affect the validity or legality of such supplemental indenture.

   

  (c)           Successive Merger Events. If more than one Merger Event occurs, this Section 10.08 will apply successively to each Merger Event.

   

  (d)           Compliance Covenant. The Company will not become a party to any Merger Event unless its terms are consistent with this Section 10.08.

   

  Section 10.09     No Responsibility of Trustee or Conversion Agent. The Trustee and the Conversion Agent will not have any duty or responsibility to or any
    Holder to either calculate the Conversion Price or determine whether any facts exist that require an adjustment of the Conversion Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the
    method employed in making the same. Neither the Trustee nor the Conversion Agent will be responsible for any failure of the Company to deliver the Conversion Consideration due upon the surrender of any Notes for the purpose of conversion or to comply
    with any of the duties, responsibilities or covenants of the Company contained in this Article X. Without limiting the generality of the foregoing, neither the Trustee nor the Conversion Agent will be under any responsibility to determine the
    correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 10.08 hereof, including with respect to the calculation of the amount of Conversion Consideration receivable by Holders upon the conversion of their
    Notes after any Merger Event, and each, subject to the provisions of Article VII, may accept as conclusive evidence of the correctness of any such provisions, and will be protected in relying upon, the Officers’ Certificate (which the Company will be
    obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto.

   

  Neither the Trustee nor the Conversion Agent shall be responsible for determining whether any event contemplated by Section 10.1 has occurred which makes the Notes
    eligible for conversion until the Company has delivered to the Trustee and Conversion Agent an Officers’ Certificate stating that such event has occurred, on which Officers’ Certificate the Trustee and Conversion Agent may conclusively rely, and the
    Company agrees to deliver such Officers’ Certificate to the Trustee and the Conversion Agent immediately after the occurrence of any such event. Neither the Trustee nor any Security Agent shall be accountable with respect to the validity or value (of
    the kind or amount) of any shares of Common Stock, or of any other securities or property, which may at any time be issued or delivered upon the conversion of any Note; and neither the Trustee nor the Conversion Agent makes any representation with
    respect thereto.

   

  Section 10.10     NYSE Compliance. Notwithstanding anything to the contrary herein or in the Notes, in the event of an increase in the Conversion Rate above
    that which would result in the Notes, in the aggregate, becoming convertible into shares in excess of the limitations imposed by the listing standards of The New York Stock Exchange, the Company will, at its option, either obtain stockholder approval
    of such issuances or deliver cash in lieu of any shares otherwise deliverable upon conversions in excess of such limitations based on the Last Reported Sale Price of its Common Stock on the relevant Conversion Date, in the case of Physical Settlement,
    or on the Daily VWAP of its Common Stock on each Trading

  
    68

    
      
 

  

  Day of the relevant Observation Period in respect of which, in lieu of delivering shares of its Common Stock, the Company delivers cash pursuant to this Section 10.10,
    in the case of Combination Settlement.

   

  Article XI

    

    REDEMPTION AT THE OPTION OF THE COMPANY

   

  Section 11.01        No Sinking Fund. No sinking fund is provided for the Notes.

   

  Section 11.02        Right To Redeem the Notes.

   

  (a)            General. Prior to April 15, 2023, the Company may not redeem the Notes. On or after April 15, 2023, and prior to the Maturity Date, the Company
    may redeem (a “Redemption”) all, but not less than all, of the Notes on the Redemption Date for an amount of cash equal to the Redemption Price for such Redemption Date if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the
    Conversion Price in effect on each of at least 20 Trading Days, whether or not consecutive, during the 30 consecutive Trading Day period (including the last Trading Day of such period) ending on the Trading Day immediately preceding the date on which
    the Company delivers the Redemption Notice for such redemption pursuant to Section 11.03 hereof.

   

  (b)            The “Redemption Price” means, for any Notes to be redeemed on a Redemption Date, a price equal to 100% of the principal amount of the Notes to be
    redeemed, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such Redemption Date; provided, however, that if a Redemption Date occurs after a Regular Record Date, but on or prior to the Interest Payment Date
    corresponding to such Regular Record Date, the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on such Notes to, but excluding, such Interest Payment Date
    will be payable, on such Interest Payment Date, to the Holder of such Notes at the Close of Business on such Regular Record Date.

   

  (c)            The “Redemption Date” means, for any redemption, the date specified as such on the Redemption Notice for such redemption, which date must be a Business
    Day and must be not less than 55 Scheduled Trading Days, nor more than 70 Scheduled Trading Days, immediately following the date on which the Company delivers such Redemption Notice.

   

  Section 11.03        Redemption Notice. At least 55 Scheduled Trading Days but not more than 70 Scheduled Trading Days prior to any Redemption Date, the Company
    will send to each Holder (and to any beneficial owner of a Global Note, as required by applicable law) a written notice of redemption (the “Redemption Notice,” and the date of such sending, the “Redemption Notice Date”) and, substantially
    contemporaneously therewith, the Company will issue a press release announcing such redemption.

   

  For any redemption, the Redemption Notice corresponding to such redemption will specify:

   

  (a)            briefly, a description of the Company’s redemption right under this Indenture;

   

  (b)            the Redemption Price for such Redemption Date (for each $1,000 principal amount of Notes);

   

  (c)            the Redemption Date for such redemption;

   

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

   

  (e)            that Notes called for redemption may be converted at any time before the Close of Business on the Business Day immediately preceding the Redemption
    Date;

  
    69

    
      
 

  

  (f)             the Conversion Rate in effect on the Redemption Notice Date for such redemption and the Last Reported Sale Price of the Common Stock on the Trading Day
    immediately preceding the Redemption Notice Date;

   

  (g)            any Additional Shares by which the Conversion Rate will be increased pursuant to Section 10.07 hereof for a Holder that converts a Note “in connection
    with” the Company’s election to redeem the Notes;

   

  (h)            that Notes must be surrendered to the Paying Agent on or before the Redemption Date to collect the Redemption Price;

   

  (i)             that, unless the Company defaults in paying the Redemption Price on the Redemption Date, interest, if any, on a Note will cease to accrue on and after
    the Redemption Date; and

   

  (j)             the CUSIP and ISIN number(s) of the Notes.

   

  On any Redemption Notice Date, the Company will also furnish to the Trustee an Officers’ Certificate, which Officers’ Certificate will set forth the aggregate
    principal amount of Notes then outstanding and include a copy of the Redemption Notice delivered by the Company on such Redemption Notice Date.

   

  Section 11.04       Effect of Redemption Notice. After the Company has delivered a Redemption Notice, each Holder will have the right to receive payment of the
    Redemption Price for its Notes on the later of (i) the Redemption Date and (ii)(a) if the Notes are Definitive Notes, delivery of its Notes to the Paying Agent or (b) if the Notes are Global Notes, compliance with the Applicable Procedures relating to
    the redemption and delivery of the beneficial interests to be redeemed to the Paying Agent; provided, however, that, until the Close of Business on the Business Day immediately preceding such Redemption Date, Holders may convert their
    Notes, regardless of whether they have been delivered to the Paying Agent for redemption, by complying with the requirements for conversion set forth in Article X.

   

  Section 11.05       Deposit of Redemption Price. Prior to 10:00 a.m., New York City time, on the Redemption Date, the Company will deposit with the Paying Agent
    (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an amount of immediately available funds sufficient to pay the Redemption Price of
    all of the then outstanding Notes.

   

  Section 11.06       Effect of Deposit. If, as of 10:00 a.m., New York City time, on any Redemption Date, the Company, in accordance with Section 11.05 hereof,
    has deposited with the Paying Agent money sufficient to pay the Redemption Price for every Note validly delivered in accordance with Section 11.04 hereof (and not converted before such Redemption Date), then, at the Close of Business on such Redemption
    Date:

   

  (a)            every Note outstanding immediately prior to the Close of Business on such Redemption Date will cease to be outstanding and interest, if any, on such
    Notes will cease to accrue (regardless of whether such Notes were delivered to the Paying Agent or book-entry transfer has been made, as applicable), except to the extent provided in the proviso to Section 11.02(b); and

   

  (b)            all other rights of the Holders of such Notes with respect to such Notes (other than the right to receive payment of the Redemption Price or, in the
    case of Notes surrendered for conversion in accordance with Article X hereof, the right to receive the Conversion Consideration due upon conversion of such Notes, and other than as provided in the proviso to Section 11.02(b)) will terminate.

  
    70

    
      
 

  

  Section 11.07        Covenant Not to Redeem Notes Upon Certain Events of Default.

   

  (a)            General. Notwithstanding anything to the contrary in this Article XI, the Company will not redeem any Notes under this Article XI if the
    principal amount of the Notes has been accelerated and such acceleration has not been rescinded on, or prior to, the Redemption Date (except in the case of an acceleration resulting from a default by the Company that would be cured by the Company’s
    payment of the Redemption Price for such Notes).

   

  (b)            Return of Notes. If a Holder delivers a Note for redemption pursuant to Section 11.04 and, on the Redemption Date, pursuant to this Section
    11.07, the Company is not permitted to redeem such Note, the Paying Agent will (i) if such Note is a Definitive Note, return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable Procedures, deem
    to be cancelled any instructions for book-entry transfer of such Note.

   

  Section 11.08       Repayment to the Company. Subject to any applicable property laws, if, six months after the Redemption Date, any cash held by the Paying
    Agent remains unclaimed, the Paying Agent will promptly return such cash to the Company; provided, however, that, to the extent that the aggregate amount of cash deposited by the Company pursuant to Section 11.05 exceeds the aggregate
    Redemption Price of every Note outstanding, then as soon as practicable following the Redemption Date, the Trustee will return such excess to the Company.

   

  Article XII

    

    MISCELLANEOUS

   

  Section 12.01       Trust Indenture Act Controls. The TIA shall not initially apply to this Indenture. If subsequent to the date hereof this Indenture becomes
    qualified under the TIA or is otherwise required to comply with the TIA, then any provision of this Indenture that limits, qualifies, or conflicts with a provision that is required to be included in this Indenture by the TIA, the provision required by
    the TIA will control.

   

  Section 12.02       Notices. Any request, demand, authorization, notice, waiver, consent or communication will be in writing and delivered in Person or mailed
    by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile transmission or other similar means of unsecured electronic methods to the following:

   

  if to the Company:

   

  PAR Technology Corporation 

  8383 Seneca Turnpike

    New Hartford, NY 13413 

  Attn: Chief Financial Officer

   

  if to the Trustee, Registrar, Paying Agent or Conversion Agent:

   

  The Bank of New York Mellon Trust Company, N.A. 

  500 Ross Street 12th Floor 

  Pittsburgh, PA 15262 

  Attn: Global Corporate Trust – PAR Technology Corporation

   

  The Company or the Trustee, by notice given to the other in the manner provided above, may designate additional or different addresses for subsequent notices or
    communications.

  
    71

    
      
 

  

  Any notice or communication given to a Holder will be mailed to the Holder, by first class mail, postage prepaid, at the Holder’s address as it appears on the
    registration books of the Registrar and will be deemed given on the date of such mailing; provided, however, that with respect to any Global Note, such notice or communication will be sent to the Holder thereof pursuant to the
    Applicable Procedures.

   

  Failure to mail or send a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. If a notice or
    communication is mailed or sent in the manner provided above, it is duly given, whether or not received by the addressee.

   

  If the Company mails or sends a notice or communication to the Holders, it will, at the same time, mail a copy to the Trustee and each of the Registrar, Paying Agent
    and Conversion Agent.

   

  If the Company is required under this Indenture to give a notice to the Holders, in lieu of delivering such notice to the Holders, the Company may deliver such
    notice to the Trustee and request that the Trustee, at the Company’s expense, to deliver such notice to the Holders on or prior to the date on which the Company would otherwise have been required to deliver such notice to the Holders. In such a case,
    the Company will also cause the Trustee to deliver a copy of the notice to each of the Registrar, Paying Agent and Conversion Agent at the same time it sends the notice to the Holders.

   

  If a notice or communication is mailed or delivered in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives
    it, except in the case of notices or communications given to the Trustee, which shall be effective only upon actual receipt by the Trustee at its Corporate Trust Office.

   

  The Trustee shall have the right, but shall not be required, to rely upon and comply with notices, instructions, directions or other communications sent by e-mail,
    facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give instructions and directions on behalf of the Company. The Trustee shall have no duty or obligation to verify or confirm that the person
    who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of the Company; and the Trustee shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the
    Company as a result of such reliance upon or compliance with such notices, instructions, directions or other communications. The Company agrees to assume all risks arising out of the use of such electronic methods to submit notices, instructions,
    directions or other communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. The Company shall use all reasonable endeavors to
    ensure that any such notices, instructions, directions or other communications transmitted to the Trustee pursuant to this Indenture are complete and correct. Any such notices, instructions, directions or other communications shall be conclusively
    deemed to be valid instructions from the Company to the Trustee for the purposes of this Indenture.

   

  Section 12.03        Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under
    this Indenture, the Company will furnish to the Trustee:

   

  (a)            an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the
    proposed action have been complied with; and

   

  (b)            other than for the authentication of the initial Global Note on the Issue Date, an Opinion of Counsel stating that, in the opinion of such counsel, all
    such conditions precedent relating to the proposed action (subject to reasonable assumptions and exclusions) have been complied with.

  
    72

    
      
 

  

  Section 12.04       Statements Required in Certificate or Opinion. Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a covenant
    or condition (except for such Officers’ Certificate required to be delivered pursuant to Section 4.05 hereof) provided for in this Indenture will include:

   

  (a)            a statement that each Person making such Officers’ Certificate or Opinion of Counsel 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 in such Officers’
    Certificate or Opinion of Counsel are based;

   

  (c)            a statement that, in the opinion of each such Person, he has made such examination or investigation as is necessary to enable such Person to express an
    informed opinion to whether or not such covenant or condition has been complied with; and

   

  (d)            a statement that, in the opinion of such Person, such covenant or condition has been complied with.

   

  Section 12.05       Separability Clause. In case any provision in this Indenture or in the Notes will be invalid, illegal or unenforceable, the validity,
    legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

   

  Section 12.06       Rules by Trustee. The Trustee may make reasonable rules for action by, or a meeting of, Holders.

   

  Section 12.07       Governing Law and Waiver of Jury Trial. THE INDENTURE AND EACH NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
    STATE OF NEW YORK. EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER OF A NOTE BY ITS ACCEPTANCE THEREOF HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT
    OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

   

  Section 12.08       No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company will not have any liability for any
    obligations of the Company under the Notes or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder will waive and release all such liability. The waiver and release
    will be part of the consideration for the issuance of the Notes.

   

  Section 12.09       Calculations. Except as otherwise provided in this Indenture, the Company will be responsible for making all calculations called for under
    the Notes and this Indenture. These calculations include, but are not limited to, determinations of the Last Reported Sale Price of the Common Stock or any other security, the Daily Settlement Amounts, the Daily Conversion Values, accrued interest
    payable on the Notes and the Conversion Rate in effect on any Conversion Date.

   

  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 each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of the Company’s calculations without independent verification and shall
    have no responsibility for making any calculations or any liability for such calculations. If any Holder requests from the Trustee a copy of such schedule, the Trustee will promptly forward a copy of such schedule to such Holder at the sole cost and
    expense of the Company.

  
    73

    
      
 

  

  All calculations will be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be, with 5/100,000ths rounded upward.

   

  Section 12.10         Successors. All agreements of the Company, the Trustee, the Registrar, the Paying Agent and the Conversion Agent in this Indenture and the
    Notes will bind their respective successors.

   

  Section 12.11         Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them
    together represent the same agreement. One signed copy is enough to prove this Indenture. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission will constitute effective execution and delivery of this
    Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF will be deemed to be their original signatures for all purposes.

   

  Section 12.12         Table of Contents; Headings. The table of contents and headings of the articles and sections of this Indenture have been inserted for
    convenience of reference only, are not intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof.

   

  Section 12.13         Force Majeure. In no event shall the Trustee, Registrar, Paying Agent or Conversion Agent be responsible or liable for any failure or
    delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military
    disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are
    consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

   

  Section 12.14         Submission to Jurisdiction. The Company: (a) agrees that any suit, action or proceeding against it arising out of or relating to this
    Indenture or the Notes, as the case may be, may be instituted in any U.S. state or federal court with applicable subject matter jurisdiction sitting in The City of New York, New York; (b) waives, to the fullest extent permitted by applicable law, any
    objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, and any claim that any suit, action or proceeding in such a court has been brought in an inconvenient forum; and (c) submits to the nonexclusive
    jurisdiction of such courts in any suit, action or proceeding.

   

  Section 12.15         Legal Holidays. If the Maturity Date or any Interest Payment Date, Fundamental Change Repurchase Date, Redemption Date or Conversion Date
    is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the immediately following Business Day with the same force and effect as if taken on such date, and no interest will accrue for the
    period from and after such date.

   

  Section 12.16         No Security Interest Created. Except as provided in Section 7.06 or 9.01(b) hereof, nothing in this Indenture or in the Notes, expressed
    or implied, will be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction.

   

  Section 12.17         Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, will give to any Person, other than the parties
    hereto, any Paying Agent, Conversion Agent, Registrar, and their successors hereunder, and the Holders any benefit or any legal or equitable right, remedy or claim under this Indenture.

   

  Section 12.18         U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all
    financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies

  
    74

    
      
 

  

  each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the
    Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.

   

  Section 12.19        Copies of Transaction Documents. Upon written request from a Holder, the Company shall provide copies of this Indenture to such Holder.

   

  [Signature Pages Follow]

  
    75

    
      
 

  

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

   

  	 	PAR TECHNOLOGY CORPORATION
	 	 	 
	 	By:	/s/ Bryan Menar
	 	Name:	Bryan Menar
	 	Title:	Chief Financial Officer

    

  	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 
	 	By:	/s/ Julie Hoffman-Ramos
	 	Name:	Julie Hoffman-Ramos
	 	Title:	Vice President

   

  [Signature Page – Par Technology Corporation Convertible Senior Notes Indenture]

  
    
      
 

  

  
  Exhibit A    

      

      FORM OF NOTE

   

  [FORM OF FACE OF NOTE]

   

  NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE COMPANY MAY PURCHASE OR OTHERWISE ACQUIRE THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN.

   

  [Include the following legend for Global Notes only (the “Global Notes 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 OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES.

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
    SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
    AN INTEREST HEREIN.

   

  TRANSFERS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, 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 II OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  [Include the following legend on all Notes that are Restricted Notes (the “Restricted Notes Legend”):]

   

  THE SALE OF THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, PRIOR TO THE RESALE
    RESTRICTION TERMINATION DATE (AS DEFINED BELOW), THIS NOTE (AND ANY BENEFICIAL INTEREST HEREIN) MAY NOT BE OFFERED, RESOLD OR OTHERWISE TRANSFERRED, EXCEPT:

   

  		(A)	TO THE COMPANY OR ANY SUBSIDIARY THEREOF;

   

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

  
    A-1

    
      
 

  

  		(C)	TO A PERSON THAT YOU REASONABLY BELIEVE TO BE A QUALIFIED INSTITUTIONAL BUYER AND IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR

   

  		(D)	UNDER 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).

   

  THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE DATE: (A) THAT IS AT LEAST ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE OF THE COMPANY’S 2.875% CONVERTIBLE SENIOR NOTES DUE 2026; AND
    (B) ON WHICH THE COMPANY HAS INSTRUCTED THE TRUSTEE THAT THIS LEGEND WILL NO LONGER APPLY, IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE FOR THE NOTES.

   

  PRIOR TO ANY TRANSFER PURSUANT TO THE FOREGOING CLAUSE (D), THE COMPANY AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE D ELIVERY OF SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER
    INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

  
    A-2

    
      
 

  

  
  	No.:	R-1

   

  	CUSIP:	698884 AB9

   

  	ISIN:	US698884AB90

   

  Principal Amount $120,000,000

  [as revised by the Schedule of Increases

  and Decreases of Global Note attached hereto]1

   

  PAR Technology Corporation

  2.875% Convertible Senior Notes due 2026

   

  PAR Technology Corporation, a Delaware corporation, promises to pay to [ ],2 or
    registered assigns, the principal amount of $[ ] [(as revised by the Schedule of Increases and Decreases of Global Note attached hereto)]3 on April 15, 2026.

   

  Interest Payment Dates: April 15 and October 15 of each year, beginning October 15, 2020.

   

  Regular Record Dates: April 1 and October 1 of each year, beginning October 1, 2020.

   

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

   

  

  

  
  

  	1	Include for Global Notes only.

  	2	Insert Cede & Co. for Global Notes.

  	3	Include for Global Notes only.

  
    A-1

    
      
 

  

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

   

  	 	PAR TECHNOLOGY CORPORATION, as Issuer
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	Dated:

  
    A-2

    
      
 

  

  CERTIFICATE OF AUTHENTICATION

   

  This is one of the Notes referred to in the within-mentioned Indenture.

   

  

  	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 
	 	By:	
	 		Authorized Signatory

    

  Dated: February 10, 2020

  
    A-3

    
      
 

  

  [FORM OF REVERSE OF NOTE]

   

  PAR TECHNOLOGY CORPORATION

   

  2.875% Convertible Senior Notes due 2026

   

  This Note is one of a duly authorized issue of notes of PAR Technology Corporation (the “Company”), designated as its 2.875% Convertible Senior Notes due 2026 (the
    “Notes”), all issued or to be issued under and pursuant to an indenture dated as of the Issue Date (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), to which Indenture and all indentures
    supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. Capitalized terms used herein and not defined herein have
    the meanings ascribed to them in the Indenture, and the terms of the Notes include those stated in the Indenture and those incorporated into the Indenture. Notwithstanding anything herein to the contrary, to the extent that any provision of this Note
    conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and control.

   

  	1.	Interest.

   

  This Note will bear interest at a rate equal to 2.875% per annum. Interest on this Note will accrue from the most recent date to which interest has been paid or
    provided for, or, if no interest has been paid or provided for, the Issue Date. Interest will be payable semiannually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020. Each payment of cash interest on this Note will
    include interest accrued for the period commencing on and including the immediately preceding Interest Payment Date (or, if none, the Issue Date) through, and including, the day before the applicable Interest Payment Date.

   

  Pursuant to Section 4.04 of the Indenture, in certain circumstances, the Company will pay Additional Interest on this Note.

   

  Pursuant to Section 6.04 of the Indenture, in certain circumstances, the Company will pay Special Interest on this Note.

   

  Pursuant to Section 2.04 of the Indenture, in certain circumstances, the Company will pay Default Interest on Defaulted Amounts with respect to this Note.

   

  	2.	Method of Payment.

   

  The Company will promptly make all payments on this Note on the dates and in the manner provided herein and in the Indenture. Payments on Notes represented by a
    Global Note (including principal and interest) will be made by wire transfer of immediately available funds to the accounts specified by Depositary. The Company will pay principal of, and any Fundamental Change Repurchase Price or Redemption Price for,
    Definitive Notes at the office or agency designated by the Company for such purpose. Interest on Definitive Notes will be made by check or by wire transfer, as described in Section 2.04 of the Indenture, except that any payment of Interest due on the
    Maturity Date will be made at the office or agency designated by the Company for such purpose.

   

  All payments on this Note will be made in money of the United States that at the time of payment is legal tender for payment of public and private debts.

  
    A-4

    
      
 

  

  	3.	Paying Agent, Conversion Agent and Registrar.

   

  Initially, The Bank of New York Mellon Trust Company, N.A. will act as the Trustee, Paying Agent, Conversion Agent and Registrar. The Company may appoint and change
    any Paying Agent, Conversion Agent or Registrar; provided, that the Company will maintain at least one Paying Agent, Conversion Agent and Registrar in the continental United States. The Company or any of its Subsidiaries or any of their
    Affiliates may act as Paying Agent, Conversion Agent or Registrar.

   

  	4.	Repurchase By the Company at the Option of the Holder upon a Fundamental Change.

   

  At the option of the Holder, and subject to the terms and conditions of the Indenture, upon the occurrence of a Fundamental Change, each Holder will have the right,
    at its option, to require the Company to repurchase for cash all of its Notes, or any portion of its Notes having a principal amount equal to $1,000 or an integral multiple thereof, at a Fundamental Change Repurchase Price equal to 100% of the
    principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Fundamental Change Repurchase Date, unless the Fundamental Change Repurchase Date occurs after a Regular Record Date and on or prior to the
    Interest Payment Date corresponding to such Regular Record Date, in which case the Company will pay the accrued and unpaid interest on such Notes, on such Interest Payment Date, to the Holder of such Notes as of the Close of Business on such Regular
    Record Date, and the Fundamental Change Repurchase Price shall not include such accrued and unpaid interest. To exercise its purchase right, a Holder must comply with the procedures set forth in Article III of the Indenture.

   

  	5.	Redemption at the Option of the Company.

   

  Prior to April 15, 2023, the Company may not redeem the Notes. Subject to the terms of the Indenture, on or after April 15, 2023, and prior to the Maturity Date, the
    Company may redeem all, but not less than all, of the Notes if the Last Reported Sale Price of the Common Stock equals or exceeds 130% of the Conversion Price in effect on each of at least 20 Trading Days (whether or not consecutive) during the 30
    consecutive Trading Day period (including the last Trading Day of such period) ending on the Trading Day immediately prior to the date the Company delivers the Redemption Notice for such redemption. Any Redemption Date must be at least 55, but not more
    than 70, Scheduled Trading Days after the date on which the Company delivers the applicable Redemption Notice. The Redemption Price that the Company will pay for any Notes that it redeems will equal to 100% of the principal amount of Notes to be
    purchased plus accrued and unpaid interest, if any, to but excluding, the Redemption Date, unless the Redemption Date occurs after a Regular Record Date and on or before the Interest Payment Date corresponding to such Regular Record Date, in which case
    the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on such Notes to, but excluding, such Interest Payment Date will be payable, on such Interest Payment
    Date, to the Holder of such Notes at the Close of Business on such Regular Record Date.

   

  	6.	Conversion.

   

  Subject to, and upon compliance with, the provisions of Article X of the Indenture, a Holder may, at its option, convert all of its Notes, or any portion of its
    Notes having a principal amount equal to $1,000 or an integral multiple thereof, (i) subject to satisfaction of the conditions set forth in Section 10.01(b) of the Indenture, at any time prior to the Close of Business on the Business Day immediately
    preceding October 15, 2025, under the circumstances and during the periods set forth in Section 10.01(b) of the Indenture, and (ii) irrespective of the conditions set forth in Section 10.01(b) of the Indenture, on or after October 15, 2025, and prior
    to the Close of Business on the second Business Day immediately preceding the Maturity Date, in each case, into Conversion Consideration, as provided in Article X of the Indenture, based on the Conversion Rate. Notes may not be converted after the
    Close of Business on the second Business Day immediately preceding the Maturity Date.

  
    A-5

    
      
 

  

  	7.	Denominations; Transfer; Exchange.

   

  The Notes are in fully registered form, without coupons, in minimum denominations of $1,000 of principal amount and in integral multiples thereof. A Holder may
    transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture.
    The Registrar need not transfer or exchange any Notes in respect of which a Fundamental Change Repurchase Notice has been given and not withdrawn (except, in the case of a Note to be repurchased in part, the portion of the Note not to be repurchased),
    after the Company has delivered a Notice of Redemption (except to the extent that Notes are converted or the Company fails to pay the Redemption Price in accordance with Article XI of the Indenture) or in respect of which a Conversion Notice has been
    given (except, in the case of a Note to be converted in part, the portion of the Note not to be converted).

   

  	8.	Amendment, Supplement and Waiver.

   

  Subject to certain exceptions, the Indenture permits the Indenture and the Notes to be amended or supplemented with the written consent of the Holders of at least a
    majority in aggregate principal amount of the then outstanding Notes. In certain circumstances, the Company and the Trustee may also amend or supplement the Indenture or the Notes without the consent of any Holder. Subject to certain exceptions, the
    Indenture permits the waiver of certain Events of Default or the noncompliance with certain provisions of the Indenture and of the Notes with the written consent of the Holders of at least a majority in aggregate principal amount of the then
    outstanding Notes.

   

  	9.	Defaults and Remedies.

   

  Subject to the immediately following paragraph, if an Event of Default specified in the Indenture occurs and is continuing, the Trustee, by delivering a written
    notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company and the Trustee, may declare all the Notes to be due and payable immediately by delivering
    notice to the Company. In addition, certain specified Events of Default will cause the Notes to become immediately due and payable without the Trustee or Holders taking any action.

   

  If the Company so elects, the sole remedy for an Event of Default relating to the Company’s failure to comply with the reporting obligations under Section 4.03 of
    the Indenture will consist exclusively of the right to receive an Special Interest on the principal amount of the Notes as specified in Section 6.04 (a) of the Indenture.

   

  Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it
    receives indemnity or security satisfactory to it. Holders of a majority of the principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power, subject to certain limitations set forth in the Indenture.
    Subject to certain exceptions, the Trustee may withhold from Holders notice of any continuing Event of Default or Default if it determines that withholding notice is in their interest.

   

  	10.	Persons Deemed Owners.

   

  The Registrar will keep a register for the recordation of, and will record, the name and address of the Holders of this Note. Absent manifest error, the entries in
    the Register will be conclusive and the Person whose name is recorded in the Register pursuant to the terms of the Indenture may be treated as the Holder hereof for all purposes.

  
    A-6

    
      
 

  

  	11.	Unclaimed Money or Notes.

   

  The Trustee and the Paying Agent will return to the Company upon written request any money or securities held by them for the payment of any amount with respect to
    the Notes that remain unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors, unless an applicable
    abandoned property law designates another Person.

   

  	12.	Trustee Dealings with the Company.

   

  The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
    Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not the Trustee.

   

  	13.	Calculations in Respect of Notes.

   

  Except as otherwise provided in the Indenture, the Company will be responsible for making all calculations called for under the Notes and the Indenture. These
    calculations include, but are not limited to, determinations of the Last Reported Sale Price of the Common Stock or any other security, the Daily Settlement Amounts, the Daily Conversion Values, accrued interest payable on the Notes and the Conversion
    Rate in effect on any Conversion Date.

   

  The Company will make all these calculations in good faith and, absent manifest error, its calculations will be final and binding on all Holders.

   

  	14.	No Recourse Against Others.

   

  A director, officer, employee or stockholder, as such, of the Company will not have any liability for any obligations of the Company under the Notes or the Indenture
    or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes.

   

  	15.	Authentication.

   

  This Note will not be valid until an authorized signatory of the Trustee manually signs the Trustee’s certificate of authentication on the other side of this Note.

   

  	16.	Abbreviations.

   

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

   

  	17.	GOVERNING LAW.

   

  THE INDENTURE AND THE NOTES WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY, THE TRUSTEE AND EACH
    HOLDER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

  
    A-7

    
      
 

  

  		18.	CUSIP Numbers.

   

  Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes
    and the Trustee may use CUSIP numbers in any notices as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice, and reliance may be placed only on the other
    identification numbers placed thereon.

   

  The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture which has in it the text of this Note. Requests may be made
    to:

   

  PAR Technology Corporation

  8383 Seneca Turnpike

    New Hartford, NY 13413

    Attn: Chief Financial Officer

  
    A-8

    
      
 

  

  CONVERSION NOTICE

   

  PAR TECHNOLOGY CORPORATION

  2.875% CONVERTIBLE SENIOR NOTES DUE 2026

   

  To convert this Note, check the box ☐

   

  To convert the entire principal amount of this Note, check the box ☐

   

  To convert only a portion of the principal amount of this Note, check the box ☐ and here specify the principal amount to be converted, which principal amount must equal $1,000 or an
    integral multiple thereof: 

   

  

  	$	   	 

   

  Signature Guaranteed

  

   

  	  	 

  

  Participant in a Recognized Signature

  Guarantee Medallion Program

   

  	By:	    	 
	 	Authorized Signatory	 

  
    A-9

    
      
 

  

  FUNDAMENTAL CHANGE REPURCHASE NOTICE

   

  The Bank of New York Mellon Trust Company, N.A.,

  as Trustee and Registrar

  500 Ross Street 12th Floor

  Pittsburgh, PA 15262

   

  The undersigned registered owner of this Note hereby acknowledges receipt of a notice from PAR Technology Corporation (the “Company”) as to the occurrence of a
    Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date and requests and instructs the Company to pay to the Holder hereof in accordance with the applicable provisions of the Indenture referred to in this
    Note (1) the entire principal amount of this Note, or the portion thereof (that is equal to $1,000 principal amount or an integral multiple thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not occur during the period
    after a Regular Record Date and on or prior to the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date.

   

  Principal amount to be repaid (if less than all):

   

  Signature Guaranteed

   

  

  	   	 

  

  Participant in a Recognized Signature

  Guarantee Medallion Program

   

  Guarantee Medallion Program

   

  

  	By:	   	 
	 	Authorized Signatory	 

  
    A-10

    
      
 

  

  [Include for Global Note]

   

  SCHEDULE OF INCREASES AND DECREASES OF GLOBAL NOTE

   

  Initial Principal Amount of Global Note: $[ ]

   

  	
          Date

        	
          Amount of Increase

            in Principal Amount of Global Note

        	
          Amount of Decrease in Principal Amount of Global Note

        	
          Principal Amount of Global Note After Increase or Decrease

        	
          Notation by Registrar or Note Custodian

        

  
    A-11

    
      
 

  

  
  

  

  
   

  Exhibit B     

      

      FORM OF TRANSFER CERTIFICATE

   

  PAR TECHNOLOGY CORPORATION

  2.875% CONVERTIBLE SENIOR NOTES DUE 2026

   

  Transfer Certificate

   

  In connection with any transfer of any of this Note, the undersigned registered owner of this Note hereby certifies, with respect to $ principal amount of the
    above-captioned Notes presented or surrendered on the date hereof (the “Surrendered Note”) for registration of transfer, or for exchange or conversion where the securities issuable upon such exchange or conversion are to be registered in a name other
    than that of the undersigned registered owner (each such transaction being a “Transfer”), that such Transfer complies with the restrictive legend set forth on the face of the Surrendered Note for the reason checked below:

   

  		☐	The Transfer of the Surrendered Note is being made to the Company or a Subsidiary thereof; or

   

  		☐	The Transfer of the Surrendered Note complies with Rule 144A under the Securities Act; or

   

  		☐	The Transfer of the Surrendered Note is being made pursuant to an effective registration statement under the Securities Act; or

   

  		☐	The Transfer of the Surrendered Note is being made pursuant to another available exemption from the registration requirement of the Securities Act.

   

  

  	Date:	     	 
	 	 	 
	By:	     	 

   

  (If the registered owner is a corporation, partnership or fiduciary, the title of the Person signing on behalf of such registered owner must be stated.)

   

  Signature Guaranteed

   

  	     	 

  

  Participant in a Recognized Signature

   

  Guarantee Medallion Program

   

  

  	By:	     	 
	 	Authorized Signatory	 

  
    B-1

    
      
 

  

  
  

  

  
   

  Exhibit C    

      

      FORM OF RESTRICTED STOCK LEGEND

   

  THE SALE OF THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS, AND,
    ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), THIS SECURITY (AND ANY BENEFICIAL INTEREST HEREIN) MAY NOT BE OFFERED, RESOLD OR OTHERWISE TRANSFERRED, EXCEPT:

   

  (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 PERSON THAT YOU REASONABLY BELIEVE TO BE A QUALIFIED INSTITUTIONAL BUYER AND IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR

   

  (D)       UNDER 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).

   

  THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE DATE: (A) THAT IS AT LEAST ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE OF THE COMPANY’S 2.875% CONVERTIBLE SENIOR
    NOTES DUE 2026; AND (B) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW.

   

  PRIOR TO ANY TRANSFER PURSUANT TO THE FOREGOING CLAUSE (D), THE COMPANY AND THE TRANSFER AGENT RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATIONS,
    LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.Exhibit 10.1

  

  

  	

        	Execution Version

   

  $105,000,000

   

  PAR TECHNOLOGY CORPORATION

   

  2.875% Convertible Senior Notes due 2026

  

    PURCHASE AGREEMENT

   

  February 5, 2020

   

  JEFFERIES LLC

    520 Madison Avenue

    New York, New York 10022

   

  Ladies and Gentlemen:

   

  PAR Technology Corporation, a Delaware corporation (the “Company”), hereby agrees with you as follows:

   

  1.               Issuance of Securities. Subject to the terms and conditions herein contained, the Company proposes to issue and sell to Jefferies LLC
    (the “Initial Purchaser”) $105,000,000 in aggregate principal amount of 2.875% Convertible Senior Notes due 2026 (the “Initial Securities”). The Initial Securities will be issued pursuant to an indenture (the “Indenture”), to be
    dated as of February 10, 2020, by and among the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). In addition, the Company has granted to the Initial Purchaser an option to purchase up to an additional
    $15,000,000 aggregate principal amount of its 2.875% Convertible Senior Notes due 2026 on the terms and conditions and for the purposes set forth in Section 2 (the “Option Securities” and, together with the Initial Securities, the “Securities”).

    The Securities will be convertible into cash and duly and validly issued, fully paid and non-assessable shares of the Company’s common stock, par value $0.02 per share (the “Common Stock”), or a combination thereof including any such shares
    issuable upon conversion in connection with a “make-whole fundamental change” (as defined in the Final Offering Memorandum) (such shares, the “Conversion Shares”), on the terms, and subject to the conditions, set forth in the Indenture.
    Capitalized terms used but not defined herein shall have the meanings set forth in the “Description of the Notes” section of the Final Offering Memorandum (as hereinafter defined).

   

  The Securities will be offered and sold to the Initial Purchaser pursuant to an exemption from the registration requirements of the Securities Act of 1933, as
    amended, and the rules and regulations of the Securities and Exchange Commission (the “SEC”) thereunder (collectively, the “Securities Act”). Upon original issuance thereof, and until such time as the same is no longer required under the
    applicable requirements of the Securities Act, the Securities shall bear the legends set forth in the final offering memorandum, dated the date hereof (the “Final Offering

  

  

  
    
      
 

  

  Page 2

   

  Memorandum”). The Company has prepared a preliminary offering memorandum, dated February 4, 2020 (the “Preliminary Offering Memorandum”), (ii) a pricing
    term sheet, dated the date hereof, attached hereto as Schedule I, which includes pricing terms and other information with respect to the Securities and the Conversion Shares (the “Pricing Supplement”), and (iii) the Final Offering
    Memorandum, in each case, relating to the offer and sale of the Securities (the “Offering”). All references in this Agreement to the Preliminary Offering Memorandum, the Time of Sale Document (as defined herein) or the Final Offering Memorandum
    include, unless expressly stated otherwise, (i) all amendments or supplements thereto, (ii) all documents, financial statements and schedules and other information contained, incorporated by reference or deemed incorporated by reference therein (and
    references in this Agreement to such information being “contained,” “included” or “stated” (and other references of like import) in the Preliminary Offering Memorandum, the Time of Sale Document or the Final Offering Memorandum shall be deemed to mean
    all such information contained, incorporated by reference or deemed incorporated by reference therein) and (iii) any offering memorandum “wrapper” to be used in connection with offers to sell, solicitations of offers to buy or sales of the Securities
    in non-U.S. jurisdictions. The Preliminary Offering Memorandum and the Pricing Supplement are collectively referred to herein as the “Time of Sale Document.”

   

  Concurrently with the Offering, the Company is entering into separate privately negotiated transactions with certain holders of the Company’s 4.500% Convertible
    Notes due 2024 (the “2024 Notes”) to exchange $66,250,000 million in aggregate principal amount of the 2024 Notes for a combination of cash and shares of Common Stock (the “Repurchase Shares”) pursuant to repurchase agreements (each, a “Repurchase

      Agreement,” and, collectively, the “Repurchase Agreements”) between such holder and the Company (such transaction, the “Notes Repurchase”).

   

  2.               Terms of Offering. The Initial Purchaser has advised the Company, and the Company understands, that the Initial Purchaser will make
    offers to sell (the “Exempt Resales”) some or all of the Securities purchased by the Initial Purchaser hereunder on the terms set forth in the Time of Sale Document to persons (the “Subsequent Purchasers”) whom the Initial Purchaser
    reasonably believes are “qualified institutional buyers” (“QIBs”) (as defined in Rule 144A under the Securities Act). As used herein, “Time of Sale” means 5:00 p.m. (New York City time) on the date of this Agreement.

   

  This Agreement, the Indenture and the Securities are collectively referred to herein as the “Documents,” and the transactions contemplated hereby and thereby
    are collectively referred to herein as the “Transactions.”

   

  3.               Purchase, Sale and Delivery.

   

  (a)             On the basis of the representations, warranties, agreements and covenants herein contained and subject to the terms and conditions herein set forth,
    the Company agrees to issue and sell to the Initial Purchaser, and the Initial Purchaser agrees to purchase from the Company, the aggregate principal amount of Initial Securities at a purchase price of 97% of the aggregate principal amount thereof.

  

  

  
    
      
 

  

  Page 3

   

  (b)            The Company hereby grants to the Initial Purchaser an option to purchase up to $15,000,000 in aggregate principal amount of Option Securities at the
    same purchase price as set forth above in Section 3(a) for the Initial Securities. The option will expire 30 days after the date of the Final Offering Memorandum and may be exercised in whole or in part from time to time by written notice being given
    to the Company by the Initial Purchaser; provided that such option may be exercised only once and provided further that such option cannot be exercised unless the Option Securities will be fungible with the Initial Securities for purposes of U.S.
    federal income tax laws. Such notice shall set forth the aggregate principal amount of Option Securities as to which the option is being exercised, the names in which the principal amount of Option Securities are to be registered, the denominations in
    which the Option Securities are to be issued and the date and time, as determined by the Initial Purchaser, when the Option Securities are to be delivered; provided, however, that this date and time shall not be earlier than the Initial Closing Date,
    and if later than the Initial Closing Date, shall not be earlier than the second business day after the date on which the option shall have been exercised nor later than the fifth business day after the date on which the option shall have been
    exercised.

   

  (c)             Delivery to the Initial Purchaser of and payment for the Initial Securities shall be made at a closing (the “Initial Closing”) to be held at
    10:00 a.m., New York City time, on February 10, 2020 (the “Initial Closing Date”) and delivery to the Initial Purchaser of and payment for the Option Securities shall be made at a closing (the “Option Closing” and, together with the
    Initial Closing, a “Closing”) to be held at a date and time specified by the Initial Purchaser in the written notice of the Initial Purchaser’s election to purchase the Option Securities (the “Option Closing Date” and, together with the
    Initial Closing Date, a “Closing Date”), in each case, at the New York City offices of White & Case LLP (or such other place as shall be reasonably acceptable to the Initial Purchaser).

   

  (d)            The Company shall deliver to the Initial Purchaser one or more certificates representing the Initial Securities and the Option Securities, as the case
    may be, in definitive form, registered in such names and denominations as the Initial Purchaser may request, against payment by the Initial Purchaser of the purchase price therefor by immediately available federal funds bank wire transfer to such bank
    account or accounts as the Company shall designate to the Initial Purchaser at least two business days prior to the Closing. The certificates representing the Initial Securities and the Option Securities, as the case may be, in definitive form shall be
    made available to the Initial Purchaser for inspection at the New York City offices of White & Case LLP (or such other place as shall be reasonably acceptable to the Initial Purchaser) not later than 10:00 a.m. New York City time one business day
    immediately preceding the applicable Closing Date. Securities to be represented by one or more definitive global securities in book-entry form will be deposited on the Closing Date, by or on behalf of the Company, with The Depository Trust Company (“DTC”)

    or its designated custodian, and registered in the name of Cede & Co.

   

  (e)             The Company shall deliver to the Initial Purchaser, on the date of this Agreement, a properly completed and executed Certification Regarding
    Beneficial Owners of Legal Entity Customers, together with copies of additional documentation necessary to comply with 31 CFR § 1010.230, and the Company undertakes to provide such additional supporting documentation as the Initial Purchaser may
    reasonably request in connection with the verification of the foregoing certification.

  

  

  
    
      
 

  

  Page 4

   

  4.               Representations and Warranties of the Company. The Company hereby represents and warrants to, and agrees with, the Initial Purchaser
    that, as of the date hereof and as of the applicable Closing Date:

   

  (a)             Limitation on Offering Materials. The Company has not prepared, made, used, authorized, approved or distributed and will not, and will not
    cause or allow its agents or representatives to, prepare, make, use, authorize, approve or distribute any written communication that constitutes an offer to sell or a solicitation of an offer to buy the Securities, or otherwise is prepared to market
    the Securities, other than (i) the Time of Sale Document, (ii) the Final Offering Memorandum and (iii) any marketing materials (including any roadshow or investor presentation materials) or other written communications, in each case used in accordance
    with Section 5(c) hereof (each such communication by the Company or its agents or representatives described in this clause (iii), a “Company Additional Written Communication”).

   

  (b)            No Material Misstatement or Omission. (i) The Time of Sale Document, as of the Time of Sale, did not include any untrue statement of a
    material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, (ii) the Final Offering Memorandum, as of the date thereof, did not, and, at the
    Closing Date, will not include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and (iii) each such Company
    Additional Written Communication does not conflict with the information contained in the Time of Sale Document or the Final Offering Memorandum, and when taken together with the Time of Sale Document, did not, and, at the Closing Date, will not contain
    any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, except in each case that the representations and warranties
    set forth in this paragraph do not apply to statements or omissions made in reliance upon and in conformity with information relating to the Initial Purchaser and furnished to the Company in writing by the Initial Purchaser expressly for use in the
    Time of Sale Document or the Final Offering Memorandum as set forth in Section 12. No injunction or order has been issued that either (i) asserts that any of the Transactions is subject to the registration requirements of the Securities Act or (ii)
    would prevent or suspend the issuance or sale of any of the Securities or the use of the Time of Sale Document or the Final Offering Memorandum in any jurisdiction, and no proceeding for either such purpose has commenced or is pending or, to the
    knowledge of the Company, is contemplated.

   

  (c)             Documents Incorporated by Reference. The documents incorporated or deemed to be incorporated by reference in the Time of Sale Document or
    the Final Offering Memorandum, at the time they were filed with the SEC, complied and will comply, in all material respects with the requirements of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC thereunder
    (collectively, the “Exchange Act”) and did not or will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.

  

  

  
    
      
 

  

  Page 5

   

  (d)            Reporting Compliance. The Company is subject to, and is in compliance in all material respects with, the reporting requirements of Section 13
    and Section 15(d), as applicable, of the Exchange Act.

   

  (e)             Preparation of the Financial Statements. The audited consolidated financial statements and related notes of the Company and the Subsidiaries
    contained or incorporated by reference in the Time of Sale Document and the Final Offering Memorandum (the “Financial Statements”) present fairly in all material respects the financial position, results of operations and cash flows of the
    Company and its consolidated Subsidiaries, as of the respective dates and for the respective periods to which they apply and have been prepared in accordance with GAAP applied on a consistent basis throughout the periods involved (except as such
    inconsistency may be expressly stated in the related notes thereto) and the requirements of Regulation S-X. The unaudited pro forma financial information and related notes of the Company and the Subsidiaries contained in the Time of Sale Document and
    the Final Offering Memorandum have been prepared in accordance with applicable SEC requirements and the assumptions underlying such pro forma financial information included in the Time of Sale Document and the Final Offering Memorandum are
    reasonable and the adjustments used therein are appropriate to give effect to the transactions or circumstances referred to therein. All financial, statistical and market and industry data and forward-looking statements (within the meaning of Section
    27A of the Securities Act and Section 21E of the Exchange Act) contained in or incorporated by reference into the Time of Sale Document and the Final Offering Memorandum are fairly and accurately presented in all material respects, are based on or
    derived from sources that the Company believes to be reliable and accurate and are presented on a reasonable basis. No other financial statements and no supporting financial statement schedules are required to be included in the Time of Sale Document
    or the Final Offering Memorandum.

   

  (f)             Disclosure Controls and Procedures. The Company maintains an effective system of “disclosure controls and procedures” (as defined in Rule
    13a-15(e) of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods
    specified in the SEC’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions regarding required disclosure. The
    Company has carried out evaluations of the effectiveness of its disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act. The statements relating to disclosure controls and procedures made by the principal executive officers
    (or their equivalents) and principal financial officers (or their equivalents) of the Company in the certifications required by the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith are complete and correct.

   

  (g)            Independent Accountants. BDO USA, LLP, who have certified and expressed their opinion with respect to the financial statements including the
    related notes thereto contained in the Time of Sale Document and the Final Offering Memorandum, are (i) an independent registered public accounting firm with respect to the Company and the Subsidiaries within the applicable rules and regulations
    adopted by the SEC and as required by the Securities Act, (ii) to the knowledge of the Company, in compliance with the applicable requirements relating to the

  

  

  
    
      
 

  

  Page 6

   

  qualification of accountants Regulation S-X and (iii) a registered public accounting firm as defined by the Public Company Accounting Oversight Board (United States)
    whose registration has not been suspended or revoked and who has not requested such registration to be withdrawn.

   

  (h)            No Material Adverse Change. Subsequent to the respective dates as of which information is contained in the Time of Sale Document and the Final
    Offering Memorandum, except as disclosed in the Time of Sale Document and the Final Offering Memorandum, (i) neither the Company nor any of the Subsidiaries has incurred any liabilities, direct or contingent, including without limitation any losses or
    interference with its business from fire, explosion, flood, earthquakes, accident or other calamity, whether or not covered by insurance, or from any strike, labor dispute or court or governmental action, order or decree, that are material,
    individually or in the aggregate, to the Company and the Subsidiaries, taken as a whole, or has entered into any transactions that are material, individually or in the aggregate, to the Company and the Subsidiaries, taken as a whole, not in the
    ordinary course of business, (ii) there has not been any material decrease in the capital stock or any material increase in any short-term or long-term indebtedness of the Company or the Subsidiaries, or any payment of or declaration to pay any
    dividends or any other distribution with respect to the Company, and (iii) there has not been any material adverse change, or any development that could reasonably be expected to result in a material adverse change, in the properties, business,
    prospects, operations, earnings, assets, liabilities or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole (each of clauses (i), (ii) and (iii), a “Material Adverse Change”).

   

  (i)             Rating Agencies. No “nationally recognized statistical rating organization” (as that term is used in Rule 15c3-1(c)(2)(vi)(F) under the
    Exchange Act) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) to retain any rating assigned to the Company or to any securities of the Company or (ii) has indicated to the Company
    that it is considering (A) the downgrading, suspension, or withdrawal of, or any review (or of any potential or intended review) for a possible change in, any rating so assigned (including, without limitation, the placing of any of the foregoing
    ratings on credit watch with negative or developing implications or under review with an uncertain direction) or (B) any change in the outlook for any rating of the Company or any securities of the Company.

   

  (j)             Subsidiaries. Each corporation, partnership or other entity in which the Company, directly or indirectly through any of the Subsidiaries,
    owns more than fifty percent (50%) of any class of equity securities or interests is listed on Schedule II attached hereto (the “Subsidiaries”).

   

  (k)            Incorporation and Good Standing of the Company and the Subsidiaries. The Company and each of the Subsidiaries (i) has been duly organized or
    formed, as the case may be, is validly existing and is in good standing under the laws of its jurisdiction of organization, (ii) has all requisite power and authority to carry on its business and to own, lease and operate its properties and assets as
    described in the Time of Sale Document and in the Final Offering Memorandum and (iii) is duly qualified or licensed to do business and is in good standing as a foreign corporation, partnership or other entity as the case may be, authorized to do
    business in each jurisdiction in which the nature of such businesses or the ownership or leasing of such properties requires such qualification, except, in each case, where the failure to be so qualified

  

  

  
    
      
 

  

  Page 7

   

  would not, individually or in the aggregate, have a material adverse effect on (A) the properties, business, prospects, operations, earnings, assets, liabilities or
    condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, (B) the ability of the Company to perform its obligations in all material respects under any Document, (C) the validity or enforceability of any of the Documents,
    or (D) the consummation of any of the Transactions (each, a “Material Adverse Effect”).

   

  (l)              Capitalization and Other Capital Stock Matters. All of the issued and outstanding shares of capital stock or other equity interests of the
    Company and each of the Subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and were not issued in violation of, and are not subject to, any preemptive or similar rights. The Securities, the Conversion Shares and
    all other outstanding shares of capital stock or other equity interests of the Company conform in all material respects to the descriptions thereof set forth in the Time of Sale Document and the Final Offering Memorandum. The Conversion Shares have
    been duly authorized and reserved for issuance upon such conversion by all necessary corporate action and such shares, when issued upon such conversion in accordance with the terms of the Securities, will be validly issued, fully paid and
    non-assessable; no holder of the Conversion Shares will be subject to personal liability by reason of being such a holder; and the issuance of the Conversion Shares upon such conversion will not be subject to the preemptive or other similar rights of
    any securityholder of the Company. None of the outstanding shares of Common Stock was issued in violation of any preemptive rights or other similar rights granted by the Company to any securityholder of the Company. All of the outstanding shares of
    capital stock or other equity interests of each of the Subsidiaries are owned, directly or indirectly, by the Company, free and clear of all liens, security interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or
    encumbrances of any kind (collectively, “Liens”), other than those imposed by the Securities Act and the securities or “Blue Sky” laws of certain U.S. state or non-U.S. jurisdictions. Except as disclosed in the Time of Sale Document and the
    Final Offering Memorandum, there are no outstanding (A) options, warrants, preemptive rights, rights of first refusal or other rights to purchase from the Company or any of the Subsidiaries, (B) agreements, contracts, arrangements or other obligations
    of the Company or any of the Subsidiaries to issue or (C) other rights to convert any obligation into or exchange any securities for, in the case of each of clauses (A) through (C), shares of capital stock of or other ownership or equity interests in
    the Company or any of the Subsidiaries.

   

  (m)            Legal Power and Authority. The Company has all necessary power and authority to execute, deliver and perform its obligations under the
    Documents and to consummate the Transactions.

   

  (n)             This Agreement and the Indenture. This Agreement has been duly and validly authorized, executed and delivered by the Company. The Indenture
    has been duly and validly authorized by the Company and, at the Initial Closing Date, will have been duly executed and delivered by the Company and will constitute a legal, valid and binding obligation of the Company, enforceable against the Company in
    accordance with its terms, except that the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or other similar laws now or hereafter in effect relating
    to creditors’ rights generally and (ii) general principles of equity (whether applied

  

  

  
    
      
 

  

  Page 8

   

  by a court of law or equity) and the discretion of the court before which any proceeding therefor may be brought. When executed and delivered, this Agreement and the
    Indenture will conform in all material respects to the descriptions thereof in the Time of Sale Document and the Final Offering Memorandum set out under the caption “Description of Notes.”

   

  (o)            The Securities. The Securities have been duly and validly authorized by the Company and, when issued and delivered to and paid for by the
    Initial Purchaser in accordance with the terms of this Agreement and the Indenture, will have been duly executed, authenticated, issued and delivered and will constitute legal, valid and binding obligations of the Company, entitled to the benefit of
    the Indenture, and enforceable against the Company in accordance with its terms, except that the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or
    other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii) general principles of equity (whether applied by a court of law or equity) and the discretion of the court before which any proceeding therefor may be
    brought. When executed and delivered, the Securities will conform in all material respects to the descriptions thereof in the Time of Sale Document and the Final Offering Memorandum set out under the caption “Description of Notes” and will be in the
    form contemplated by the Indenture.

   

  (p)            Compliance with Existing Instruments. Neither the Company nor any of the Subsidiaries is (i) in violation of its certificate of incorporation,
    by-laws or other organizational documents (the “Charter Documents”); (ii) in violation of any U.S. or non-U.S. federal, state or local statute, law or ordinance, or any judgment, decree, rule, regulation, order or injunction (collectively, “Applicable

      Law”) of any U.S. or non-U.S. federal, state, local or other governmental or regulatory authority, governmental or regulatory agency or body, court, arbitrator or self-regulatory organization (each, a “Governmental Authority”), applicable
    to any of them or any of their respective properties; or (iii) in breach of or default under any bond, debenture, note, loan or other evidence of indebtedness, indenture, mortgage, deed of trust, lease or any other agreement or instrument to which any
    of them is a party or by which any of them or their respective property is bound (collectively, the “Applicable Agreements”), except, in the case of clauses (ii) and (iii) for such violations, breaches or defaults that would not, individually or
    in the aggregate, reasonably be expected to have a Material Adverse Effect, and, in the case of clause (ii), other than as disclosed in the Time of Sale Document and the Final Offering Memorandum. All Applicable Agreements that are material to the
    Company and the Subsidiaries taken as a whole, are in full force and effect and are legal, valid and binding obligations, other than as disclosed in the Time of Sale Document and the Final Offering Memorandum. There exists no condition that, with the
    passage of time or otherwise, would constitute (a) a violation of such Charter Documents, (b) a violation of Applicable Laws, or (b) a breach of or default or a “Debt Repayment Triggering Event” (as defined below) under any Applicable Agreement,
    except, in the case of clauses (b) and (c), for any such violations, breaches, defaults or Debt Repayment Triggering Events as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or except as disclosed
    in the Time of Sale Document and the Final Offering Memorandum. As used herein, a “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note,
    debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase,

  

  

  
    
      
 

  

  Page 9

   

  redemption or repayment of all or a portion of such indebtedness by the Company or any of the Subsidiaries or any of their respective properties.

   

  (q)            No Conflicts. Neither the execution, delivery or performance of the Documents nor the consummation of any of the Transactions (including the
    use of proceeds from the sale of the Securities as described in the Time of Sale Document and the Final Offering Memorandum under the caption “Use of Proceeds”) will conflict with, violate, constitute a breach of or a default (with the passage of time
    or otherwise) or a Debt Repayment Triggering Event under, or result in the imposition of a Lien on any assets of the Company or any of the Subsidiaries, the imposition of any penalty or a Debt Repayment Triggering Event under or pursuant to (i) the
    Charter Documents, (ii) any Applicable Agreement, (iii) any Applicable Law or (iv) any order, writ, judgment, injunction, decree, determination or award binding upon or affecting the Company, except in the case of clauses (ii) and (iii) for such
    conflicts, violations, breaches, defaults or events that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  (r)             No Consents. Assuming (i) that the purchasers in any Exempt Resales are QIBs and (ii) the accuracy of the Initial Purchaser’s
    representations and warranties in Section 6 herein, no consent, approval, authorization, order, filing or registration of or with any Governmental Authority or third party is required for execution, delivery or performance of the Documents or the
    consummation of the Transactions, except such (i) that have been made and are in full force and effect and (ii) as may be required under the securities or “Blue Sky” laws of U.S. state or non-U.S. jurisdictions or other non-U.S. laws applicable to the
    purchase of the Securities outside the U.S. in connection with the Transactions.

   

  (s)             No Material Proceedings. (i) No stop order suspending the qualification or exemption from qualification of any of the Securities in any
    jurisdiction shall have been issued and no proceeding for that purpose shall have been commenced or, to the Company’s knowledge, be pending or contemplated as of the applicable Closing Date and (ii) there is no action, claim, suit, demand, hearing,
    notice of violation or deficiency, or proceeding pending or, to the knowledge of the Company or any of the Subsidiaries, threatened or contemplated by Governmental Authorities or threatened by others (collectively, “Proceedings”) that, with
    respect to clauses (i) and (ii) of this paragraph (A) would restrain, enjoin, prevent or interfere with the consummation of the Offering or any of the Transactions or (B) would, individually or in the aggregate, have a Material Adverse Effect.

   

  (t)              All Necessary Permits. Each of the Company and the Subsidiaries possess all licenses, permits, certificates, consents, orders, approvals and
    other authorizations from, and has made all declarations and filings with, all Governmental Authorities, presently required or necessary to own or lease, as the case may be, and to operate its properties and to carry on its businesses as now or
    proposed to be conducted as described in the Time of Sale Document and the Final Offering Memorandum (“Permits”), except where the failure to possess such Permits would not, individually or in the aggregate, have a Material Adverse Effect; each
    of the Company and the Subsidiaries has fulfilled and performed all of its obligations with respect to such Permit except where the failure to perform such obligations would not, individually or in the aggregate, have a Material Adverse Effect; no
    event has occurred which allows, or after

  

  

  
    
      
 

  

  Page 10

   

  notice or lapse of time would allow, revocation or termination of any such Permit or has resulted, or after notice or lapse of time would result, in any other material
    impairment of the rights of the holder of any such Permit; and none of the Company or the Subsidiaries has received or has any reason to believe it will receive any notice of any proceeding relating to revocation or modification of any such Permit,
    except as described in the Time of Sale Document and the Final Offering Memorandum or except where such revocation or modification would not, individually or in the aggregate, have a Material Adverse Effect.

   

  (u)            Title to Properties. Each of the Company and the Subsidiaries has good, marketable and valid title to all material real property owned by it
    and good title to all material personal property owned by it and good and valid title to all material leasehold estates in real and personal property being leased by it and, as of the applicable Closing Date, will be free and clear of all Liens other
    than those that do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries. All Applicable Agreements to which the Company or any of the Subsidiaries is a party or by which any of them is
    bound are valid and enforceable against each of the Company or such Subsidiary, as applicable, and are valid and enforceable against the other party or parties thereto and are in full force and effect with only such exceptions as would not,
    individually or in the aggregate, have a Material Adverse Effect.

   

  (v)            Tax Law Compliance. All material Tax (as hereinafter defined) returns required to be filed by the Company and each of the Subsidiaries have
    been filed and all such returns are true, complete and correct in all material respects. All material Taxes that are due from the Company and the Subsidiaries have been paid other than those (i) currently payable without penalty or interest or (ii)
    being contested in good faith and by appropriate proceedings and for which adequate accruals have been established in accordance with generally accepted accounting principles of the United States, applied on a consistent basis throughout the periods
    involved (“GAAP”). To the knowledge of the Company, there are no actual or proposed Tax assessments against the Company or any of the Subsidiaries that would, individually or in the aggregate, have a Material Adverse Effect. The accruals on the
    books and records of the Company and the Subsidiaries in respect of any material Tax liability for any period not finally determined are adequate to meet any assessments of Tax for any such period. For purposes of this Agreement, the term “Tax” and
    “Taxes” shall mean all U.S. and non-U.S. federal, state, and local taxes, and other assessments of a similar nature (whether imposed directly or through withholding), including any interest, additions to tax or penalties applicable thereto.

   

  (w)           Intellectual Property Rights. Each of the Company and the Subsidiaries owns, or is licensed under, and has the right to use, all patents,
    patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, domain names and trade names
    (collectively, “Intellectual Property”) necessary for the conduct of its businesses and, as of the applicable Closing Date, the Intellectual Property will be free and clear of all Liens, other than those that do not materially interfere with the
    use made and proposed to be made of such property by the Company and the Subsidiaries. The Company is not a party to, or bound by, any options, licenses or agreements with respect to the intellectual property rights of any other person or entity that
    are necessary to be described in the Time of

  

  

  
    
      
 

  

  Page 11

   

  Sale Document or the Final Offering Memorandum to avoid a material misstatement or omission and are not described therein. No claims or notices of any potential claim
    have been asserted by any person challenging the use of any such Intellectual Property by the Company or any of the Subsidiaries or questioning the validity or effectiveness of any Intellectual Property or any license or agreement related thereto,
    other than any claims that, if successful, would not, individually or in the aggregate, have a Material Adverse Effect. None of the intellectual property used by the Company or any of the Subsidiaries has been obtained or is hereby used by the Company
    or any of the Subsidiaries in violation of any contractual obligation binding on the Company or any of the Subsidiaries or, to the Company or any of the Subsidiaries’ knowledge, its officers, directors or employees or otherwise in violation of the
    rights of any person, except as would not, individually or in the aggregate, have a Material Adverse Effect.

   

  (x)            Compliance with Data Privacy Laws. The Company has implemented, and requires that its third party vendors implement, commercially reasonable
    policies and commercially reasonable security (a) regarding the collection, use, disclosure, retention, processing, transfer, confidentiality, integrity, and availability of personal data, and business proprietary or sensitive information, in its
    possession, custody, or control, or held or processed on its behalf, and (b) regarding the integrity and availability of the information technology and software applications the Company owns, operates, or outsources; the Company has not experienced any
    information security incident that has compromised the integrity or availability of the information technology and software applications the Company owns, operates, or outsources, that would, individually or in the aggregate, reasonably be expected to
    have a Material Adverse Effect. The Company and the Subsidiaries have complied in all material respects with their respective privacy policies and other legal obligations regarding the collection, use, transfer, storage, protection, disposal and
    disclosure by the Company and the Subsidiaries of personal and user information gathered or accessed in the course of their respective operations, and, to the knowledge of the Company, there has been no unauthorized access to or other misuse of such
    information that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as disclosed in the Time of Sale Document and the Final Offering Memorandum or as would not, individually or in the aggregate,
    reasonably be expected to have a Material Adverse Effect, the Company has not received any notice of any claims, investigations, or alleged violations of law, regulation, or contract with respect to personal data or information security-related
    incidents, nor has the Company notified in writing, or been required by applicable law, regulation, or contract to notify in writing, any person or entity of any personal data or information security-related incident.

   

  (y)            ERISA Matters. Each of the Company, the Subsidiaries and each ERISA Affiliate (as hereinafter defined) has fulfilled its obligations, if any,
    under the minimum funding standards of Section 302 of the United States Employee Retirement Income Security Act of 1974, as amended (“ERISA”) with respect to each “pension plan” (as defined in Section 3(2) of ERISA), subject to Section 302 of
    ERISA, which the Company, the Subsidiaries or any ERISA Affiliate sponsors or maintains, or with respect to which it has (or within the last three years had) any obligation to make contributions, and each such plan is in compliance in all material
    respects with the presently applicable provisions of ERISA and the Internal Revenue Code of 1986, as amended (the “Code”). None of the Company, the Subsidiaries or any ERISA Affiliate has incurred any unpaid liability to the Pension Benefit
    Guaranty Corporation (other than for the

  

  

  
    
      
 

  

  Page 12

   

  payment of premiums in the ordinary course) or to any such plan under Title IV of ERISA. “ERISA Affiliate” means a corporation, trade or business that is, along
    with the Company or any subsidiary, a member of a controlled group of corporations or a controlled group of trades or businesses, as described in Section 414 of the Code or Section 4001 of ERISA.

   

  (z)             Labor Matters. Except as disclosed in the Time of Sale Document and the Final Offering Memorandum with respect to subclauses (i) and (ii),
    (i) the Company is not party to or bound by any collective bargaining agreement with any labor organization; (ii) there is no union representation question existing with respect to the employees of the Company, and, to the knowledge of the Company, no
    union organizing activities are taking place that, could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (iii) to the knowledge of the Company, no new union organizing or decertification efforts are underway
    or threatened against the Company; (iv) no labor strike, work stoppage, slowdown or other material labor dispute is pending against the Company, or, to the Company’s knowledge, threatened against the Company; (iv) there is no worker’s compensation
    liability, experience or matter that could be reasonably expected to have a Material Adverse Effect; (v) to the knowledge of the Company, there is no threatened or pending liability against the Company pursuant to the Worker Adjustment Retraining and
    Notification Act of 1988, as amended (“WARN”), or any similar state or local law; (vi) there is no employment-related charge, complaint, grievance, investigation, unfair labor practice claim or inquiry of any kind, pending against the Company
    that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (vii) to the knowledge of the Company, no employee or agent of the Company has committed any act or omission giving rise to liability for any
    violation identified in subsection (v) and (vi) above, other than such acts or omissions that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and (viii) no term or condition of employment exists
    through arbitration awards, settlement agreements or side agreement that is contrary to the express terms of any applicable collective bargaining agreement.

   

  (aa)           Compliance with Environmental Laws. Each of the Company and the Subsidiaries is (i) in compliance with any and all applicable U.S. or non-U.S.
    federal, state and local laws and regulations relating to health and safety, or the pollution or the protection of the environment or hazardous or toxic substances of wastes, pollutants or contaminants (“Environmental Laws”), (ii) has received
    and is in compliance with all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct its respective businesses and (iii) has not received notice of, and is not aware of, any actual or potential liability
    for damages to natural resources or the investigation or remediation of any disposal, release or existence of hazardous or toxic substances or wastes, pollutants or contaminants, in each case except where such non-compliance with Environmental Laws,
    failure to receive and comply with required permits, licenses or other approvals, or liability would not, individually or in the aggregate, have a Material Adverse Effect. Neither the Company nor any of the Subsidiaries has been named as a “potentially
    responsible party” under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, or any similar U.S. or non-U.S. state or local Environmental Laws or regulation requiring the Company or any of the Subsidiaries to
    investigate or remediate any pollutants or contaminants, except where such

  

  

  
    
      
 

  

  Page 13

   

  requirements would not, individually or in the aggregate, have a Material Adverse Effect, whether or not arising from transactions in the ordinary course of business.

   

  (bb)         Use of Proceeds; Solvency; Going Concern. On the applicable Closing Date, after giving pro forma effect to the Offering and the use of proceeds
    therefrom described under the caption “Use of Proceeds” in the Time of Sale Document and Final Offering Memorandum, the Company (i) will be Solvent (as hereinafter defined), (ii) will have sufficient capital for carrying on its business and (iii) will
    be able to pay its debts as they mature. As used in this paragraph, the term “Solvent” means, with respect to a particular date, that on such date (i) the present fair market value (or present fair saleable value) of the assets of the Company is
    not less than the total amount required to pay the liabilities of the Company on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured; (ii) the Company is able to pay its debts and other
    liabilities, contingent obligations and commitments as they mature and become due in the normal course of business; (iii) assuming consummation of the issuance of the Securities as contemplated by this Agreement and the Time of Sale Document and Final
    Offering Memorandum, the Company is not incurring debts or liabilities beyond its ability to pay as such debts and liabilities mature; (iv) the Company is not engaged in any business or transaction, and is not about to engage in any business or
    transaction, for which its property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which the Company is engaged; and (v)  the Company is not otherwise insolvent under the
    standards set forth in Applicable Laws.

   

  (cc)          Insurance. The Company and its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in
    such amounts as are prudent and customary in the businesses in which they are engaged. All material policies of insurance insuring the Company or any of the Subsidiaries or their respective businesses, assets, employees, officers and directors are in
    full force and effect. The Company and the Subsidiaries are in compliance with the terms of such policies and instruments in all material respects, and there are no claims by the Company or any of the Subsidiaries under any such policy or instrument as
    to which any insurance company is denying liability or defending under a reservation of rights clause, except as disclosed in the Time of Sale Document or the Final Offering Memorandum or except for any such denial which would reasonably be expected to
    have a Material Adverse Effect. Except as would not, individually or in the aggregate, have a Material Adverse Effect or as disclosed in the Time of Sale Document and the Final Offering Memorandum, neither the Company nor any such Subsidiary has been
    refused any insurance coverage sought or applied for. Neither the Company nor any such Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar
    coverage from similar insurers as may be necessary to continue its business at a cost that would not, individually or in the aggregate, have a Material Adverse Effect.

   

  (dd)         Accounting System. The Company and its Subsidiaries make and keep accurate books and records and maintain a system of internal accounting
    controls and procedures sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorization, (ii) transactions are recorded as necessary to permit preparation of financial
    statements in conformity with GAAP, and to maintain asset

  

  

  
    
      
 

  

  Page 14

   

  accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization and (iv) the recorded accountability for
    assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any material differences. The Company’s independent auditors and board of directors have been advised of: (i) all “material weaknesses”
    and “significant deficiencies” (each, as defined in Rule 12b-2 of the Exchange Act), if any, in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize and report financial data and
    (ii) all fraud, if any, whether or not material, that involves management or other employees who have a role in the Company’s internal controls (whether or not remediated); any such existing material weaknesses, if any, have been disclosed in the Time
    of Sale Document and the Final Offering Memorandum in all material respects; and since the date of the most recent evaluation of such disclosure controls and procedures and internal controls, there have been no significant changes in internal controls
    or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses.

   

  (ee)          No Price Stabilization or Manipulation. Neither the Company nor any of its Affiliates has and, to the Company’s knowledge, no one acting on
    its behalf has, (i) taken, directly or indirectly, any action designed to cause or to result in, or that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company,
    whether to facilitate the sale or resale of any of the Securities or otherwise, (ii) sold, bid for, purchased, or paid anyone any compensation for soliciting purchases of, any of the Securities, or (iii) except as disclosed in the Time of Sale Document
    and the Final Offering Memorandum, paid or agreed to pay to any person any compensation for soliciting another to purchase any other securities of the Company.

   

  (ff)           No Registration of the Securities Required Under the Securities Act or Qualification Under the TIA. Without limiting any provision herein, no
    registration under the Securities Act and no qualification of the Indenture under the Trust Indenture Act of 1939, as amended (the “TIA”), is required for the offer or sale of the Securities to the Initial Purchaser as contemplated hereby or for
    the Exempt Resales, assuming (i) that the purchasers in the Exempt Resales are QIBs and (ii) the accuracy of the Initial Purchaser’s representations and warranties in Section 6 herein.

   

  (gg)         Rule 144A; No Integration or General Solicitation. The Securities will be, upon issuance, eligible for resale pursuant to Rule 144A under the
    Securities Act and no other securities of the Company are of the same class (within the meaning of Rule 144A under the Securities Act) as the Securities and listed on a national securities exchange registered under Section 6 of the Exchange Act, or
    quoted in a U.S. automated inter-dealer quotation system. No securities of the Company have been offered, issued or sold by the Company or any of its Affiliates within the six-month period immediately prior to the date hereof that would be integrated
    with the offering of the Securities contemplated by this Agreement; and the Company does not have any intention of making, and will not make, an offer or sale of such securities of the Company, for a period of six months after the date of this
    Agreement. As used in this paragraph, the terms “offer” and “sale” have the meanings specified in Section 2(a)(3) of the Securities Act. None of the Company, any of its Affiliates or other person acting on behalf of the Company has engaged or will
    engage, in connection with the offering of the Securities, in

  

  

  
    
      
 

  

  Page 15

   

  any form of general solicitation or general advertising within the meaning of Rule 502 under the Securities Act (each, a “General Solicitation”), other than any
    General Solicitation with the consent of the Initial Purchaser and set forth on Schedule III.

   

  (hh)          No Applicable Registration or Other Similar Rights. There are no persons with registration or other similar rights to have any equity or debt
    securities of the Company or any “Affiliate” registered for sale under a registration statement as a result of the Offering.

   

  (ii)            Margin Requirements. None of the Transactions or the application of the proceeds of the Securities will violate or result in a violation of
    Section 7 of the Exchange Act (including, without limitation, Regulation T (12 C.F.R. Part 220), Regulation U (12 C.F.R. Part 221) or Regulation X (12 C.F.R. Part 224) of the Board of Governors of the Federal Reserve System).

   

  (jj)            Investment Company Act. As of the date hereof and, after giving effect to the Offering and the use of proceeds of the Offering, the Company
    is not and will not be, individually or on a consolidated basis, an “investment company” that is required to be registered under the Investment Company Act; and following the Closing, the Company and the Subsidiaries intend to conduct their businesses
    in a manner so as not to be required to register under the Investment Company Act.

   

  (kk)          No Brokers. Neither the Company nor any of its Affiliates has engaged any broker, finder, commission agent or other person (other than the
    Initial Purchaser) in connection with the Offering or any of the Transactions, and neither the Company nor any of its Affiliates is under any obligation to pay any broker’s fee or commission in connection with such Transactions (other than commissions
    or fees to the Initial Purchaser).

   

  (ll)            No Restrictions on Payments of Dividends. Except as otherwise disclosed in the Time of Sale Document and the Final Offering Memorandum, there
    is no encumbrance or restriction on the ability of any subsidiary of the Company (x) to pay dividends or make other distributions on such subsidiary’s capital stock or to pay any indebtedness to the Company or any other subsidiary of the Company, (y)
    to make loans or advances or pay any indebtedness to, or investments in, the Company or any other subsidiary or (z) to transfer any of its property or assets to the Company or any other subsidiary of the Company, except any encumbrances or restrictions
    that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  (mm)        Sarbanes-Oxley. Except as otherwise disclosed in the Time of Sale Document and the Final Offering Memorandum, there is and has been no failure on
    the part of the Company and the Subsidiaries or any of the officers and directors of the Company or any of the Subsidiaries, in their capacities as such, to comply with the applicable provisions of the Sarbanes-Oxley Act of 2002 and the rules and
    regulations promulgated in connection therewith, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  (nn)          Anti-Corruption and Anti-Bribery Laws. Except as disclosed in the Time of Sale Document or the Final Offering Memorandum, neither of the
    Company nor any of its

  

  

  
    
      
 

  

  Page 16

   

  Subsidiaries nor any director, officer, or employee of the Company or any of its Subsidiaries, nor to the knowledge of the Company, any agent, affiliate or other
    person acting on behalf of the Company or any of its Subsidiaries has, in the course of its actions for, or on behalf of, the Company or any of its Subsidiaries (i) used any corporate funds for any unlawful contribution, gift, entertainment or other
    unlawful expenses relating to political activity; (ii) made or taken any act in furtherance of an offer, promise, or authorization of any direct or indirect unlawful payment or benefit to any foreign or domestic government official or employee,
    including of any government-owned or controlled entity or public international organization, or any political party, party official, or candidate for political office; (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt
    Practices Act of 1977, as amended (the “FCPA”), the UK Bribery Act 2010, or any other applicable anti-bribery or anti-corruption law; or (iv) made, offered, authorized, requested, or taken an act in furtherance of any unlawful bribe, rebate,
    payoff, influence payment, kickback or other unlawful payment or benefit. Except as disclosed in the Time of Sale Document or the Final Offering Memorandum, the Company and its subsidiaries and, to the knowledge of the Company, the Company’s affiliates
    have conducted their respective businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

   

  (oo)         Money Laundering. The operations of the Company and its Subsidiaries are, and have been conducted at all times, in compliance with applicable
    financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or
    similar applicable rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency,
    authority or body or any arbitrator involving the Company or any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

   

  (pp)         Sanctions. Neither the Company nor any of its subsidiaries, directors, officers, or employees, nor, to the knowledge of the Company, any agent,
    affiliate or other person acting on behalf of the Company or any of its Subsidiaries is currently the subject or the target of any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”)

    or the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom, or other relevant sanctions authority (collectively, “Sanctions”); nor is the Company or any of its
    Subsidiaries located, organized or resident in a country or territory that is the subject or the target of Sanctions, including, without limitation, Crimea, Cuba, Iran, North Korea, and Syria; and the Company will not directly or indirectly use the
    proceeds of this offering, or lend, contribute or otherwise make available such proceeds to any Subsidiary, or any joint venture partner or other person or entity, for the purpose of financing the activities of or business with any person, or in any
    country or territory, that at the time of such financing, is the subject or the target of Sanctions or in any other manner that will result in a violation by any person (including any person participating in the transaction whether as underwriter,
    advisor, investor or otherwise) of applicable Sanctions. For the past five years, the Company and its Subsidiaries have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with any person that at the time of

  

  

  
    
      
 

  

  Page 17

   

  the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country.

   

  (qq)           Related Party Transactions. No relationship, direct or indirect, exists between or among any of the Company or any affiliate of the Company,
    on the one hand, and any director, officer, member, stockholder, customer or supplier of the Company or any affiliate of the Company, on the other hand, which is required by the Exchange Act to be disclosed in reports filed by the Company with the SEC
    and incorporated by reference pursuant thereto, which is not so disclosed in or incorporated into the Time of Sale Document and the Final Offering Memorandum as required. Except as otherwise disclosed in the Time of Sale Document and the Final Offering
    Memorandum, there are no outstanding loans, advances (except advances for business expenses in the ordinary course of business) or guarantees of indebtedness by the Company or any affiliate of the Company to or for the benefit of any of the officers or
    directors of the Company or any affiliate of the Company or any of their respective family members.

   

  (rr)            Stamp Taxes. There are no stamp or other issuance or transfer taxes or duties or other similar fees or charges required to be paid in
    connection with the execution and delivery of this Agreement, the issuance or sale of the Securities to the Initial Purchaser or the initial sale and delivery by the Initial Purchaser of the Securities to the Subsequent Purchasers thereof.

   

  (ss)           Cybersecurity. The Company and its subsidiaries’ information technology assets and equipment, computers, systems, networks, hardware,
    software, websites, applications, and databases (collectively, “IT Systems”) are adequate for, and operate and perform in all material respects as required in connection with the operation of the business of the Company and its subsidiaries as
    currently conducted, free and clear of all material bugs, errors, defects, Trojan horses, time bombs, malware and other corruptants. The Company and its subsidiaries have implemented and maintained commercially reasonable physical, technical and
    administrative controls, policies, procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation, redundancy and security of all IT Systems and data, including “Personal Data,” used
    in connection with their businesses. “Personal Data” means (i) a natural person’s name, street address, telephone number, e-mail address, photograph, social security number or tax identification number, driver’s license number, passport number,
    credit card number, bank information, or customer or account number; (ii) any information which would qualify as “personally identifying information” under the Federal Trade Commission Act, as amended; (iii) “personal data” as defined by General Data
    Protection Regulation (EU) 2016/679 (GDPR); (iv) any information which would qualify as “protected health information” under the Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic
    and Clinical Health Act (HIPAA); and (v) any other piece of information that allows the identification of such natural person, or his or her family, or permits the collection or analysis of any data related to an identified person’s health or sexual
    orientation. There have been no breaches, violations, outages or unauthorized uses of or accesses to same, except as disclosed in the Time of Sale Document or as would not, individually or in the aggregate, be reasonably expected to have a Material
    Adverse Effect. The Company and its subsidiaries are presently in compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and
    contractual obligations relating to the privacy and

  

  

  
    
      
 

  

  Page 18

   

  security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification,
    except as would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

   

  (tt)            Recognition of the U.S. Special Resolution Regimes.

   

  (i)             In the event that any Initial Purchaser that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer
    from such Initial Purchaser of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such
    interest and obligation, were governed by the laws of the United States or a state of the United States.

   

  (ii)            In the event that any Initial Purchaser that is a Covered Entity or a BHC Act Affiliate of such Initial Purchaser becomes subject to a proceeding
    under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Initial Purchaser are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special
    Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.

   

  For purposes of this Agreement, (A) “BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12
    U.S.C. § 1841(k); (B) “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in
    accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b); (C) “Default Right” has the meaning assigned to that term in, and shall be interpreted in
    accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable; and (D) “U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall
    Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

   

  (uu)         Listing. The shares of Common Stock are registered pursuant to Section 12b of the Exchange Act and are listed on the New York Stock Exchange (“NYSE”),

    and the Company has taken no action designed to, or likely to have the effect of, terminating the registration of the shares of Common Stock under the Exchange Act or delisting the shares of Common Stock from NYSE. Except as described in the Company’s
    periodic filings under the Exchange Act incorporated by reference in the Time of Sale Document or Final Offering Memorandum, the Company has not received any notification that the SEC or NYSE is contemplating terminating such registration or listing.

   

  (vv)         Lock-Ups. Each of the Company’s directors, executive officers and the shareholders listed in Exhibit B has executed and delivered to
    the Initial Purchaser a lock-up agreement in the form of Exhibit A hereto (a “Lock-up Agreement”). All directors, executive officers and shareholders who are required pursuant to this Agreement to execute and deliver a Lock-up Agreement
    are collectively hereinafter referred to as the “Locked-up Persons.”

  

  

  
    
      
 

  

  Page 19

   

  (ww)         Certificates. Each certificate signed by any officer of the Company, delivered to the Initial Purchaser shall be deemed a representation and
    warranty by the Company (and not individually by such officer) to the Initial Purchaser with respect to the matters covered thereby.

   

  5.               Covenants of the Company. The Company agrees:

   

  (a)             Securities Law Compliance. To (i) advise the Initial Purchaser promptly after obtaining knowledge (and, if requested by the Initial
    Purchaser, confirm such advice in writing) of (A) the issuance by any U.S. or non-U.S. federal or state securities commission of any stop order suspending the qualification or exemption from qualification of any of the Securities for offer or sale in
    any jurisdiction, or the initiation of any proceeding for such purpose by any U.S. or non-U.S. federal or state securities commission or other regulatory authority, or (B) the happening of any event that makes any statement of a material fact made in
    the Time of Sale Document, any Company Additional Written Communication or the Final Offering Memorandum, untrue or that requires the making of any additions to or changes in the Time of Sale Document, any Company Additional Written Communication, or
    the Final Offering Memorandum, to make the statements therein, in the light of the circumstances under which they were made, not misleading, (ii) use its reasonable best efforts to prevent the issuance of any stop order or order suspending the
    qualification or exemption from qualification of any of the Securities under any securities or “Blue Sky” laws of U.S. state or non-U.S. jurisdictions and (iii) if, at any time, any U.S. or non-U.S. federal or state securities commission or other
    regulatory authority shall issue an order suspending the qualification or exemption from qualification of any of the Securities under any such laws, use its reasonable best efforts to obtain the withdrawal or lifting of such order at the earliest
    possible time.

   

  (b)             Offering Documents. To (i) furnish the Initial Purchaser, without charge, as many copies of the Time of Sale Document and the Final Offering
    Memorandum, and any amendments or supplements thereto, as the Initial Purchaser may reasonably request, and (ii) promptly prepare, upon the Initial Purchaser’s reasonable request, any amendment or supplement to the Time of Sale Document or Final
    Offering Memorandum that the Initial Purchaser, upon advice of legal counsel, determines may be necessary in connection with Exempt Resales (and the Company hereby consents to the use of the Time of Sale Document and the Final Offering Memorandum, and
    any amendments and supplements thereto, by the Initial Purchaser in connection with Exempt Resales).

   

  (c)             Consent to Amendments and Supplements. Not to amend or supplement the Time of Sale Document or the Final Offering Memorandum prior to the
    applicable Closing Date, or at any later time prior to the completion of the resale by the Initial Purchaser of all the Securities purchased by the Initial Purchaser, unless the Initial Purchaser (to the extent the Initial Purchaser advises the Company
    in writing of such later occurrence, which advice may be transmitted by email) shall previously have been advised thereof and shall have provided its written consent thereto (which written consent shall not be required for ordinary course filings under
    the Exchange Act that are incorporated into the Time of Sale Document or the Final Offering Memorandum) and which are provided to the Initial Purchaser in advance for reasonable comment. Prior to applicable Closing Date, or at any later time prior to
    the completion of the resale by the Initial Purchaser of all the Securities purchased by the Initial Purchaser, before

  

  

  
    
      
 

  

  Page 20

   

  using, authorizing, approving or referring to any Company Additional Written Communications, the Company will furnish to the Initial Purchaser and counsel for the
    Initial Purchaser a copy of such written communication for review and will not make, prepare, use, authorize, approve or refer to any such written communication to which the Initial Purchaser reasonably objects. The Company consents to the use by the
    Initial Purchaser of a Company Additional Written Communication that contains (i) information describing the preliminary terms of the Securities or their offering or (ii) information that describes the final terms of the Securities or their offering
    and that is included in or is subsequently included in the Final Offering Memorandum, including by means of the Pricing Supplement. The Company will give the Initial Purchaser notice of its intention to make any such communication from and after the
    date hereof through the Closing Date (or, if later, through the completion of the distribution of the Securities by the Initial Purchaser to Subsequent Purchasers (to the extent the Initial Purchaser advises the Company in writing of such later
    occurrence, which advice may be transmitted by email)) and will furnish the Initial Purchaser with copies of any such documents a reasonable amount of time prior to such proposed filing, as the case may be, and will not file or use any such document to
    which the Initial Purchaser or its counsel reasonably shall object.

   

  (d)             Preparation of Amendments and Supplements to Offering Documents. So long as the Initial Purchaser shall hold any of the Securities (to the
    extent the Initial Purchaser advises the Company in writing of such later occurrence, which advice may be transmitted by email), (i) if any event shall occur as a result of which, in the reasonable judgment of the Company or the Initial Purchaser (or
    counsel for the Initial Purchaser), it becomes necessary or advisable to amend or supplement the Time of Sale Document or the Final Offering Memorandum to correct any untrue statement of a material fact or omission to state any material fact necessary
    to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary to amend or supplement the Time of Sale Document or the Final Offering Memorandum to comply with any Applicable Law, to
    prepare, at the expense of the Company, an appropriate amendment or supplement to the Time of Sale Document and the Final Offering Memorandum (in form and substance reasonably satisfactory to the Initial Purchaser) so that (A) as so amended or
    supplemented, the Time of Sale Document and the Final Offering Memorandum will not include an untrue statement of material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which
    they were made, not misleading, and (B) the Time of Sale Document and the Final Offering Memorandum will comply with Applicable Law and (ii) if in the reasonable judgment of the Company it becomes necessary or advisable to amend or supplement the Time
    of Sale Document or the Final Offering Memorandum so that the Time of Sale Document and the Final Offering Memorandum will contain all of the information specified in, and meet the requirements of, Rule 144A(d)(4) of the Securities Act, to prepare an
    appropriate amendment or supplement to the Time of Sale Document or the Final Offering Memorandum (in form and substance reasonably satisfactory to the Initial Purchaser) so that the Time of Sale Document or the Final Offering Memorandum, as so amended
    or supplemented, will contain the information specified in, and meet the requirements of, such Rule.

   

  (e)             “Blue Sky” Law Compliance. To cooperate with the Initial Purchaser and the Initial Purchaser’s counsel in connection with the qualification
    of the Securities under the securities or “Blue Sky” laws of U.S. state or non-U.S. jurisdictions as the Initial Purchaser may

  

  

  
    
      
 

  

  Page 21

   

  reasonably request and continue such qualification in effect so long as reasonably required for Exempt Resales; provided that in connection therewith the Company shall
    not be required to (i) qualify as a foreign corporation in any jurisdiction in which it would not otherwise be required to so qualify, (ii) file a general consent to service of process in any such jurisdiction, or (iii) subject itself to taxation in
    any jurisdiction in which it would not otherwise be subject. The Company will advise the Initial Purchaser promptly of the suspension of any such exemption relating to the Securities for offering, sale or trading in any jurisdiction or any initiation
    or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such exemption, the Company shall use its best efforts to obtain the withdrawal thereof at the earliest possible moment.

   

  (f)             Payment of Expenses. Whether or not any of the Offering or the Transactions are consummated or this Agreement is terminated, to pay (i) all
    costs, expenses, fees and transfer taxes incident to and in connection with: (A) the preparation, printing and distribution of the Time of Sale Document and the Final Offering Memorandum and any Canadian “wrapper” and all amendments and supplements
    thereto (including, without limitation, financial statements and exhibits), and all other agreements, memoranda, correspondence and other documents prepared and delivered in connection herewith, (B) the negotiation, printing, processing and
    distribution (including, without limitation, word processing and duplication costs) and delivery of, each of the Documents, (C) the preparation, issuance and delivery of the Securities, (D) the qualification of the Securities for offer and sale under
    the securities or “Blue Sky” laws of U.S. state or non-U.S. jurisdictions (including, without limitation, the fees and disbursements of the Initial Purchaser’s counsel relating to such registration or qualification; provided such fees and disbursements
    shall not exceed $15,000), (E) the listing of the Conversion Shares on the NYSE and/or any other exchange and (F) furnishing such copies of the Time of Sale Document and the Final Offering Memorandum, and all amendments and supplements thereto, as may
    reasonably be requested for use by the Initial Purchaser, (ii) all fees and expenses of the counsel, accountants and any other experts or advisors retained by the Company, (iii) all fees and expenses (including fees and expenses of counsel) of the
    Company in connection with approval of the Securities by DTC for “book-entry” transfer, (iv) all fees charged by rating agencies in connection with the rating of the Securities, and (v) all fees and expenses (including fees and expenses of counsel) of
    the Trustee and the Company’s transfer agent. Except as provided in Sections 8 and 9 of this Agreement, the Initial Purchaser will pay its own expenses in connection with the Offering, including, without limitation, the fees and expenses of its
    counsel, accountants and any other experts or advisors retained by the Initial Purchaser.

   

  (g)            Use of Proceeds. To use the proceeds of the Offering in the manner described in the Time of Sale Document and the Final Offering Memorandum
    under the caption “Use of Proceeds.”

   

  (h)            Transaction Documents. To do and perform all things required to be done and performed under the Documents prior to and after the applicable
    Closing Date, and to satisfy all conditions precedent to the Initial Purchaser’s obligations hereunder to purchase the Securities.

   

  (i)              Integration. Not to, and to ensure that no Affiliate of the Company will, sell, offer for sale or solicit offers to buy or otherwise
    negotiate in respect of any “security” (as

  

  

  
    
      
 

  

  Page 22

   

  defined in the Securities Act) that would be integrated with the sale of the Securities in a manner that would require the registration under the Securities Act of the
    sale to the Initial Purchaser or to the Subsequent Purchasers of the Securities.

   

  (j)              Stabilization or Manipulation. Not to take, and to ensure that no Affiliate of the Company will take, directly or indirectly, any action
    designed to or that could be reasonably expected to cause or result in stabilization or manipulation of the price of the Securities or any other reference security, whether to facilitate the sale or resale of the Securities or otherwise.

   

  (k)             DTC. To use its reasonable best efforts to permit the Securities to be eligible for clearance and settlement through DTC.

   

  (l)              Rule 144A Information. For so long as any of the Securities remain outstanding, during any period in which the Company is not subject to
    Section 13 or 15(d) of the Exchange Act, to make available, upon request, to any owner of the Securities in connection with any sale thereof and any prospective Subsequent Purchasers of such Securities from such owner, the information required by Rule
    144A(d)(4) under the Securities Act.

   

  (m)            Furnish Trustee and Noteholder Reports. For so long as any of the Securities remain outstanding, to furnish to the Initial Purchaser copies of
    all reports and other communications (financial or otherwise) furnished by the Company to the Trustee or to the holders of the Securities and, as soon as available, copies of any reports or financial statements furnished to or filed by the Company with
    the SEC or any national securities exchange on which any class of securities of the Company may be listed, provided that the reports or financial statements required to be delivered pursuant to this clause (m) which are made available via EDGAR, or any
    successor system of the SEC, shall be deemed delivered to the Trustee and Initial Purchaser on the date such documents are made so available.

   

  (n)             No General Solicitation. Not to, and not to authorize or permit any person acting on its behalf to, solicit any offer to buy or offer to sell
    the Securities (i) by means of any form of general solicitation or general advertising (including, without limitation, as such terms are used in Regulation D under the Securities Act), other than any General Solicitation with the consent of the Initial
    Purchaser and set forth on Schedule III or (ii in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. Before making, preparing, using, authorizing or distributing any General Solicitation, the Company
    will furnish to the Initial Purchaser a copy of such communication for review and will not make, prepare, use, authorize, approve or distribute any such communication to which the Initial Purchaser reasonably objects.

   

  (o)             Sale of Restricted Securities. During the one year period after the applicable Closing Date (or such shorter period as may be provided for in
    Rule 144 under the Securities Act, as the same may be in effect from time to time), to not, and to not permit any current or future Subsidiaries of either the Company or any other Affiliates controlled by the Company to, resell any of the Securities
    which constitute “restricted securities” under Rule 144 that have been reacquired by the Company, any current or future Subsidiaries or any other Affiliates controlled by the Company, except pursuant to an effective registration statement under the
    Securities Act.

  

  

  
    
      
 

  

  Page 23

   

  (p)            Stamp Taxes. To pay all stamp or other issuance or transfer taxes or duties other similar fees or charges which may be imposed by any
    governmental or regulatory authority, as applicable, in connection with the execution and delivery of this Agreement or the issuance or sale of the Securities to the Initial Purchaser.

   

  (q)            Transfer Agent. To engage and maintain, at its expense, a registrar and transfer agent for the Common Stock, including the Conversion Shares.

   

  (r)             Conversion Shares. To reserve and keep available at all times, free of pre-emptive rights, the full number of Conversion Shares issuable upon
    conversion of the Securities.

   

  (s)             Company Lock-Up. During the period commencing on and including the date hereof and continuing through and including the 90th day following
    the date of the Final Offering Memorandum (such period, extended as described below, being referred to herein as the “Lock-up Period”), the Company will not, without the prior written consent of the Initial Purchaser (which consent may be
    withheld in its sole discretion), directly or indirectly: (i) sell, offer to sell, contract to sell or lend any Common Stock or Related Securities (as defined below); (ii) effect any short sale, or establish or increase any “put equivalent position”
    (as defined in Rule 16a-1(h) under the Exchange Act) or liquidate or decrease any “call equivalent position” (as defined in Rule 16a-1(b) under the Exchange Act) of any Common Stock or Related Securities; (iii) pledge, hypothecate or grant any security
    interest in any Common Stock or Related Securities; (iv) in any other way transfer or dispose of any Common Stock or Related Securities; (v) enter into any swap, hedge or similar arrangement or agreement that transfers, in whole or in part, the
    economic risk of ownership of any Common Stock or Related Securities, regardless of whether any such transaction is to be settled in securities, in cash or otherwise; (vi) announce the offering of any Common Stock or Related Securities; (vii) file any
    registration statement under the Securities Act in respect of any Common Stock or Related Securities (other than a Registration Statement on Form S-8 or as otherwise contemplated by this Agreement); or (viii) publicly announce the intention to do any
    of the foregoing; provided, however, that the Company may (A) affect the transactions contemplated hereby, including the Notes Repurchase, (B) issue shares of Common Stock or Related Securities or other equity awards in connection with entry into a
    new, or amendment of the existing, employment agreement between the Company and Savneet Singh, (C) file a resale shelf registration statement on form S-3 in respect of the share consideration provided for in the interest purchase agreement dated
    November 7, 2019 by and among the Company and the other parties thereto, (D) issue shares of Common Stock or Related Securities or other equity awards pursuant to any stock option, stock bonus or other equity plan or arrangement described in the Time
    of Sale Document and the Final Offering Memorandum and (E) issue shares of Common Stock in an aggregate number of up to 5% of the aggregate number of shares of Common Stock outstanding immediately following the Offering in connection with the
    acquisition by the Company or any of the Subsidiaries of the securities, business, property or other assets of another person or business entity or pursuant to any employee benefit plan assumed by the Company in connection with any such acquisition,
    provided further that in the case of any issuance under clause (B), (D) or (E) above, it shall be a condition of such issuance that any recipient of Common Stock or Related Securities shall agree not to transfer such Common Stock or Related Securities
    for the duration of the Lock-up Period. For purposes of the foregoing, “Related Securities” shall mean any options or warrants or other

  

  

  
    
      
 

  

  Page 24

   

  rights to acquire Common Stock or any securities exchangeable or exercisable for or convertible into Common Stock, or to acquire other securities or rights ultimately
    exchangeable or exercisable for, or convertible into, Common Stock.

   

  6.            Representations and Warranties of the Initial Purchaser. The Initial Purchaser represents and warrants that:

   

  (a)           Initial Purchaser Status, Resale Terms. It is a QIB and it will offer the Securities for resale only upon the terms and conditions set forth in
    this Agreement and in the Time of Sale Document and the Final Offering Memorandum.

   

  (b)          Sale of Restricted Securities. It will offer and sell the Securities only to persons reasonably believed by the Initial Purchaser to be QIBs; provided,
    however, that in purchasing such Securities, such persons are deemed to have represented and agreed as provided under the caption “Transfer Restrictions” contained in the Time of Sale Document and the Final Offering Memorandum.

   

  7.            Conditions. The obligations of the Initial Purchaser hereunder are subject to the accuracy, when made and on and as of the Closing Date,
    of the representations and warranties of the Company contained herein, to the performance by the Company of its obligations hereunder, and to each of the following additional terms and conditions:

   

  (a)          Closing Deliverables. The Initial Purchaser shall have received on the applicable Closing Date:

   

  		(i)	Officers’ Certificate. A certificate dated the applicable Closing Date, signed by (1) the Chief Executive Officer and (2) the principal financial or accounting officer of the Company, on
          behalf of the Company, to the effect that (a) the representations and warranties set forth in Section 4 hereof are true and correct with the same force and effect as though expressly made at and as of the applicable Closing Date, (b) the Company
          has performed and complied with all agreements and satisfied all conditions on its part to be performed or satisfied at or prior to the applicable Closing Date, (c) at the applicable Closing Date, since the date hereof or since the date of the
          most recent financial statements in the Time of Sale Document and the Final Offering Memorandum (exclusive of any amendment or supplement thereto after the date hereof), no event or events have occurred, no information has become known nor does
          any condition exist that, individually or in the aggregate, would have a Material Adverse Effect, (d) since the date of the most recent financial statements in the Time of Sale Document and the Final Offering Memorandum (exclusive of any
          amendment or supplement thereto after the date hereof), other than as described in the Time of Sale Document and the Final Offering Memorandum or contemplated hereby, neither the Company nor any Subsidiary has incurred any liabilities or
          obligations, direct or contingent, not in the ordinary course of business, that are material to the Company and the Subsidiaries, taken as a whole, or entered into any transactions not in the ordinary course of business that are material to the
          business, condition (financial or otherwise) or results of operations or prospects of the Company and 

  

  

  
    
      
 

  

  
    Page 25

  

   

  	 	 	the Subsidiaries, taken as a whole, and there has not been any change in the capital stock or long-term indebtedness of the Company or any Subsidiary of the Company that is material to the
          business, condition (financial or otherwise) or results of operations or prospects of the Company and the Subsidiaries, taken as a whole, and (e) the sale of the Securities has not been enjoined (temporarily or permanently).

   

  		(ii)	Secretary’s Certificate. A certificate, dated the applicable Closing Date, executed by the Secretary of the Company, certifying such matters as the Initial Purchaser may reasonably
          request.

   

  		(iii)	Good Standing Certificates. A certificate evidencing qualification in good standing of the Company issued by the Secretary of State of Delaware as of a date within five days prior to the
          applicable Closing Date.

   

  		(iv)	Company Counsel Opinion. An opinion and letter of Gibson, Dunn & Crutcher LLP, counsel to the Company, dated the applicable Closing Date, in substantially the forms previously agreed
          to with you.

   

  		(v)	Initial Purchaser’s Counsel Opinion. An opinion, dated the applicable Closing Date, of White & Case LLP, counsel to the Initial Purchaser, in form satisfactory to the Initial Purchaser
          covering such matters as are customarily covered in such opinions.

   

  		(vi)	Comfort Letters. The Initial Purchaser shall have received from BDO USA, LLP, the registered public or certified public accountants of the Company, (A) a customary initial comfort letter
          delivered according to Statement of Auditing Standards No. 72 (or any successor bulletin), dated the date hereof, in form and substance reasonably satisfactory to the Initial Purchaser and its counsel, with respect to the financial statements and
          certain financial information contained in the Time of Sale Document and the Final Offering Memorandum, and (B) a customary “bring-down” comfort letter, dated the applicable Closing Date, in form and substance reasonably satisfactory to the
          Initial Purchaser and its counsel, which includes, among other things, a reaffirmation of the statements made in its initial letter furnished pursuant to clause (A) with respect to such financial statements and financial information contained in
          the Time of Sale Document and the Final Offering Memorandum.

   

  		(vii)	Chief Financial Officer’s Back-Up Certificate. A Chief Financial Officers’ Back-Up Certificate, dated as of the date hereof and as of the Closing Date, executed by the Chief Financial
          Officer of the Company providing back-up disclosure support as specified therein, in form and substance reasonably satisfactory to the Initial Purchaser and its counsel.

   

  (b)          Executed Documents. The Initial Purchaser shall have received fully executed originals of each Document (each of which shall be in full force
    and effect on terms reasonably

  

  

  
    
      
 

  

  Page 26

   

  satisfactory to the Initial Purchaser), and each opinion, certificate, letter and other document to be delivered in connection with the Offering or any other
    Transaction.

   

  (c)             No Material Adverse Change. Subsequent to the respective dates as of which information is given in the Time of Sale Document (exclusive of
    any amendment or supplement thereto), there shall not have been any Material Adverse Change that could, in the sole judgment of the Initial Purchaser be expected to (i) make it impracticable or inadvisable to proceed with the offering, sale or delivery
    of the Securities on the terms and in the manner contemplated by this Agreement, the Time of Sale Document and the Final Offering Memorandum, or (ii) materially impair the investment quality of any of the Securities.

   

  (d)            No Hostilities. No outbreak or escalation of hostilities or other national or international calamity or crisis, including acts of terrorism,
    or material adverse change or disruption in economic conditions in, or in the financial markets of, the United States (it being understood that any such change or disruption shall be relative to such conditions and markets as in effect on the date
    hereof) has occurred, if the effect of such outbreak, escalation, calamity, crisis, act or material adverse change in the economic conditions in, or in the financial markets of, the United States could be reasonably expected to make it, in the Initial
    Purchaser’s sole judgment, impracticable or inadvisable to market or proceed with the offering or delivery of the Securities on the terms and in the manner contemplated in the Time of Sale Document and the Final Offering Memorandum or to enforce
    contracts for the sale of any of the Securities.

   

  (e)             No Suspension in Trading; Banking Moratorium. (i) Trading in the Company’s Common Stock shall not have been suspended by the SEC or NYSE,
    (ii) a suspension or material limitation of trading generally in securities on the New York Stock Exchange or any setting of limitations on prices for securities shall not have occurred on any such exchange or market, (iii) there has been no
    declaration of a banking moratorium by any Governmental Authority or the taking of any action by any Governmental Authority after the date hereof in respect of its monetary or fiscal affairs, (iv) there has been no suspension or limitation of trading
    in securities of the Company or (v) there has been no a material disruption in settlement or clearing services that, in the case of clause (ii) or (iii) of this paragraph, in the Initial Purchaser’s sole judgment could reasonably be expected to have a
    material adverse effect on the financial markets in the United States or elsewhere.

   

  (f)             Listing of Conversion Shares. At the Closing Date, the Company shall have submitted a supplemental listing notice to NYSE with respect to the
    Conversion Shares.

   

  (g)            Lock-Up. The Initial Purchaser shall have received an executed Lock-Up Agreement from each Locked-up Person.

   

  (h)            Additional Documents. On or prior to the Closing Date, the Company shall have furnished to the Initial Purchaser such further certificates and
    documents as the Initial Purchaser may reasonably request.

   

  All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only
    if they are in form and substance reasonably satisfactory to counsel for the Initial Purchaser.

  

  

  
    
      
 

  

  Page 27

   

  8.            Indemnification and Contribution.

   

  (a)           Indemnification by the Company. The Company agrees to indemnify and hold harmless the Initial Purchaser, its affiliates, directors, officers,
    employees and agents, and each person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages or liabilities of any kind to which the
    Initial Purchaser, affiliate, director, officer, employee, agent or such controlling person may become subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or otherwise (including in
    settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as any such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon:

   

  		(i)	any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Time of Sale Document, any Company Additional Written Communication or
          the Final Offering Memorandum, or any amendment or supplement thereto; or

   

  		(ii)	the omission or alleged omission to state, in the Preliminary Offering Memorandum, the Time of Sale Document, any Company Additional Written Communication or the Final Offering Memorandum, or any
          amendment or supplement thereto, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading;

   

  and, subject to the provisions hereof, will reimburse, as incurred, the Initial Purchaser and its affiliates, directors, officers, employees, agents and each such controlling persons
    for any legal or other expenses reasonably incurred by such person in connection with investigating, defending against, settling, compromising, paying or appearing as a third-party witness in connection with any such loss, claim, damage, liability,
    expense or action in respect thereof; provided, however, the Company will not be liable in any such case to the extent (but only to the extent) that a court of competent jurisdiction shall have determined by a final, unappealable
    judgment that such loss, claim, damage, liability or expense resulted solely from any untrue statement or alleged untrue statement or omission or alleged omission made in the Preliminary Offering Memorandum, the Time of Sale Document, any Company
    Additional Written Communication or the Final Offering Memorandum or any amendment or supplement thereto in reliance upon and in conformity with written information concerning the Initial Purchaser furnished to the Company by the Initial Purchaser
    specifically for use therein, it being understood and agreed that the only such information furnished by the Initial Purchaser to the Company consists of the information set forth in Section 12. The indemnity agreement set forth in this Section shall
    be in addition to any liability that the Company may otherwise have to the indemnified parties.

   

  (b)          Indemnification by the Initial Purchaser. The Initial Purchaser agrees to indemnify and hold harmless each of the Company and its directors,
    officers and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any losses, claims, damages, liabilities or expenses to which the Company or any such director,
    officer, employee or agent or controlling person may

  

  

  
    
      
 

  

  Page 28

   

  become subject under the Securities Act, the Exchange Act or otherwise, insofar as a court of competent jurisdiction shall have determined by a final, unappealable
    judgment that such losses, claims, damages, liabilities or expenses (or actions in respect thereof) have resulted solely from (i) any untrue statement or alleged untrue statement of any material fact contained in the Preliminary Offering Memorandum,
    the Time of Sale Document or the Final Offering Memorandum or any amendment or supplement thereto or (ii) the omission or the alleged omission to state in the Documents a material fact necessary to make the statements therein, in light of the
    circumstances under which they were made, not misleading, and, subject to the provisions hereof, will reimburse, as incurred, the Company and its affiliates, directors, officers, employees, agents and each such controlling persons for any legal or
    other expenses reasonably incurred by such person in connection with investigating, defending against, settling, compromising, paying or appearing as a third-party witness in connection with any such loss, claim, damage, liability, expense or action in
    respect thereof; provided, however, the Initial Purchaser will not be liable in any such case to the extent (but only to the extent) that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in
    conformity with written information concerning the Initial Purchaser furnished to the Company by the Initial Purchaser specifically for use therein as set forth in Section 12; and, subject to the limitation set forth immediately preceding this clause,
    will reimburse, as incurred, any legal or other expenses reasonably incurred by the Company or any such director, officer or controlling person in connection with any such loss, claim, damage, liability, expense or action in respect thereof. The
    indemnity agreement set forth in this Section shall be in addition to any liability that the Initial Purchaser may otherwise have to the indemnified parties.

   

  (c)             Notifications and Other Indemnification Procedures. As promptly as reasonably practicable after receipt by an indemnified party under this
    Section of notice of the commencement of any action for which such indemnified party is entitled to indemnification under this Section, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this
    Section, notify the indemnifying party of the commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not relieve such indemnifying party from any liability under Section 8(a) or (b) above unless and only to the
    extent it is materially prejudiced as a proximate result thereof and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in Section 8(a) and (b)
    above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may elect, jointly
    with any other indemnifying party similarly notified by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof, with counsel reasonably satisfactory to
    such indemnified party; provided, however, that if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the defendants in any such action
    include both the indemnified party and the indemnifying party, and the indemnified party shall have concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the defense of any such
    action or that there may be one or more legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, or (iii) the indemnifying party shall not have employed counsel
    reasonably satisfactory to

  

  

  
    
      
 

  

  Page 29

   

  the indemnified party to represent the indemnified party within a reasonable time after receipt by the indemnifying party of notice of the institution of such action,
    then, in each such case, the indemnifying party shall not have the right to direct the defense of such action on behalf of such indemnified party or parties and such indemnified party or parties shall have the right to select separate counsel to defend
    such action on behalf of such indemnified party or parties at the expense of the indemnifying party. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof and approval by such indemnified
    party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under this Section for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such
    indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood, however, that in connection with
    such action the indemnifying party shall not be liable for the fees and expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but substantially similar actions in the same jurisdiction arising out of
    the same general allegations or circumstances, designated by the Initial Purchaser in the case of Section 8(a) or the Company in the case of Section 8(b), representing the indemnified parties under such Section 8(a) or (b), as the case may be, who are
    parties to such action or actions), (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party or (iii) the indemnifying party shall not have employed counsel
    reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying
    party and shall be paid as they are incurred. After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be liable for the costs and expenses of any settlement of such action effected by such indemnified
    party without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld), unless such indemnifying party waived in writing its rights under this Section, in which case the indemnified party may effect such a
    settlement without such consent.

   

  (d)            Settlements. No indemnifying party shall be liable under this Section for any settlement of any claim or action (or threatened claim or
    action) effected without its written consent, which shall not be unreasonably withheld, but if a claim or action settled with its written consent, or if there be a final judgment for the plaintiff with respect to any such claim or action, each
    indemnifying party jointly and severally agrees, subject to the exceptions and limitations set forth above, to indemnify and hold harmless each indemnified party from and against any and all losses, claims, damages or liabilities (and legal and other
    expenses as set forth above) incurred by reason of such settlement or judgment. No indemnifying party shall, without the prior written consent of the indemnified party (which consent shall not be unreasonably withheld), effect any settlement or
    compromise of any pending or threatened proceeding in respect of which the indemnified party is or could have been a party, or indemnity could have been sought hereunder by the indemnified party, unless such settlement (A) includes an unconditional
    written release of the indemnified party, in form and substance satisfactory to the indemnified party, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to an admission of fault,
    culpability or failure to act by or on behalf of the indemnified party. Notwithstanding the foregoing, if at any time an indemnified party shall have

  

  

  
    
      
 

  

  Page 30

   

  requested an indemnifying party to reimburse the indemnified party for legal or other expenses as contemplated by Section 8(c) hereof, the indemnifying party agrees
    that it shall be liable for any settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim effected without its written consent if (i) such settlement is entered into more than 60
    days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement or compromise of, or consent to
    the entry of such judgment.

   

  (e)            Contribution. In circumstances in which the indemnity agreements provided for in this Section is unavailable to, or insufficient to hold
    harmless, an indemnified party in respect of any losses, claims, damages, liabilities or expenses (or actions in respect thereof), each indemnifying party, in order to provide for just and equitable contributions, shall contribute to the amount paid or
    payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses (or actions in respect thereof) in such proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or
    parties, on the one hand, and the indemnified party, on the other hand, from the Offering or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of
    the indemnifying party or parties, on the one hand, and the indemnified party, on the other hand, in connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions
    in respect thereof). The relative benefits received by the Company, on the one hand, and the Initial Purchaser, on the other hand, shall be deemed to be in the same proportion as the total proceeds from the Offering (before deducting expenses) received
    by the Company bear to the total discounts and commissions received by the Initial Purchaser. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact
    or the omission or alleged omission to state a material fact relates to information supplied by the Company, on the one hand, or the Initial Purchaser pursuant to Section 8(b) above, on the other hand, the parties’ relative intent, knowledge, access to
    information and opportunity to correct or prevent such statement or omission or alleged statement or omissions, and any other equitable considerations appropriate in the circumstances.

   

  (f)             Equitable Consideration. Each of the Company and the Initial Purchaser agree that it would not be equitable if the amount of such
    contribution determined pursuant to Section 8(e) were determined by pro rata or per capita allocation or by any other method of allocation that does not take into account the equitable considerations referred to in Section 8(e). Notwithstanding any
    other provision of this Section, the Initial Purchaser shall not be obligated to make contributions hereunder that in the aggregate exceed the total discounts, commissions and other compensation received by such Initial Purchaser under this Agreement,
    less the aggregate amount of any damages that such Initial Purchaser has otherwise been required to pay by reason of the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact. No person guilty of fraudulent
    misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of Section 8(e), each director, officer, employee and
    affiliate of the Initial Purchaser, and each person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange

  

  

  
    
      
 

  

  Page 31

   

  Act, shall have the same rights to contribution as the Initial Purchaser, and each director, officer, and employee of the Company and each person, if any, who controls
    the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Company.

   

  9.              Termination. The Initial Purchaser may terminate this Agreement (i) at any time prior to the applicable Closing Date by written notice
    to the Company if any of the events described in Sections 7(c) (No Material Adverse Change), 7(d) (No Hostilities) or 7(e) (No Suspension in Trading; Banking Moratorium) shall have occurred or if the Initial Purchaser shall decline to purchase the
    Securities for any reason permitted by this Agreement or (ii) on the applicable Closing Date if any condition described in Section 7 is not fulfilled or waived in writing by the Initial Purchaser on or prior to the applicable Closing Date Any
    termination pursuant to this Section shall be without liability on the part of (a) the Company to the Initial Purchaser, except that the Company shall be obligated to reimburse the Initial Purchaser for all documented out-of-pocket expenses reasonably
    incurred, unless the termination results from any of the events described in Section 7(d) or Sections 7(e)(ii), (iii) or (v), and upon demand the Company shall pay the full amount thereof to the Initial Purchaser, or (b) the Initial Purchaser to the
    Company, except, in the case of each of clauses (a) and (b), that the provisions of Sections 9 and 10 hereof shall at all times be effective and shall survive such termination.

   

  10.            Survival. The representations and warranties, covenants, indemnities and contribution and expense reimbursement provisions and other
    agreements of the Company set forth in or made pursuant to this Agreement shall remain operative and in full force and effect, and will survive, regardless of (i) any investigation, or statement as to the results thereof, made by or on behalf of the
    Initial Purchaser, (ii) the acceptance of the Securities, and payment for them hereunder, and (iii) any termination of this Agreement.

   

  11.            No Fiduciary Relationship. The Company hereby acknowledges that the Initial Purchaser is acting solely as initial purchaser in
    connection with the purchase and sale of the Securities. The Company further acknowledges that the Initial Purchaser is acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm’s length basis, and in no
    event do the parties intend that the Initial Purchaser act or be responsible as a fiduciary to the Company or their management, stockholders or creditors or any other person in connection with any activity that the Initial Purchaser may undertake or
    have undertaken in furtherance of the purchase and sale of the Securities, either before or after the date hereof. The Initial Purchaser hereby expressly disclaims any fiduciary or similar obligations to the Company, either in connection with the
    transactions contemplated by this Agreement or any matters leading up to such transactions, and the Company hereby confirms its understanding and agreement to that effect. The Company and the Initial Purchaser agree that they are each responsible for
    making their own independent judgments with respect to any such transactions and that any opinions or views expressed by the Initial Purchaser to the Company regarding such transactions, including, but not limited to, any opinions or views with respect
    to the price or market for the Securities, do not constitute advice or recommendations to the Company. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that either of the Company may have against the Initial
    Purchaser with respect to any breach or alleged breach of any fiduciary or

  

  

  
    
      
 

  

  Page 32

   

  similar duty to the Company in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions.

   

  12.            Information Supplied by Initial Purchaser. The Company hereby acknowledges that, for purposes of Section 4(b) and Section 8, the only
    information that the Initial Purchaser has furnished to the Company specifically for use in the Preliminary Offering Memorandum or the Final Offering Memorandum are the statements set forth in (a) the third paragraph and (b) the third sentence of the
    sixth paragraph under the caption “Plan of Distribution” in the Preliminary Offering Memorandum and the Final Offering Memorandum.

   

  13.            Miscellaneous.

   

  (a)             Notices. Notices given pursuant to any provision of this Agreement shall be addressed as follows: (i) if to the Company, to: 8383 Seneca
    Turnpike, New Hartford, NY 13413, Attention: Bryan Menar, with a copy to: Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166, Attention: Glenn Pollner, and (ii) if to the Initial Purchaser, to: Jefferies LLC, 520 Madison Avenue, New
    York, NY 10022, with a copy to: White & Case LLP, 1221 Avenue of the Americas, New York, NY 10020, Attention: Colin Diamond (or in any case to such other address as the person to be notified may have requested in writing).

   

  (b)            Beneficiaries. This Agreement has been and is made solely for the benefit of and shall be binding upon the Company, the Initial Purchaser and
    to the extent provided in Section 8 hereof, the controlling persons, affiliates, officers, directors, partners, employees, representatives and agents referred to in Section 8 hereof and their respective heirs, executors, administrators, successors and
    assigns, all as and to the extent provided in this Agreement, and no other person shall acquire or have any right under or by virtue of this Agreement. The term “successors and assigns” shall not include a purchaser of any of the Securities from the
    Initial Purchaser merely because of such purchase.

   

  (c)            Governing Law; Jurisdiction; Waiver of Jury Trial; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of
    the State of New York. The Initial Purchaser and the Company hereby expressly and irrevocably (i) submit to the exclusive jurisdiction of the federal and state courts sitting in the Borough of Manhattan in the City of New York in any suit or proceeding
    arising out of or relating to this Agreement or the Transactions, and (ii) waive (a) their right to a trial by jury in any legal action or proceeding relating to this Agreement, the Transactions or any course of conduct, course of dealing, statements
    (whether verbal or written) or actions of the Initial Purchaser and for any counterclaim related to any of the foregoing and (b) any obligation which they may have or hereafter may have to the laying of venue of any such litigation brought in any such
    court referred to above and any claim that any such litigation has been brought in an inconvenient forum.

   

  (d)            Entire Agreement; Counterparts. This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior
    written or oral and all contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. This Agreement may be executed in two or more counterparts, each one of which shall be an original, with the same effect
    as if the signatures thereto and hereto were upon the same instrument.

  

  

  
    
      
 

  

  Page 33

   

  (e)            Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

   

  (f)             Separability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
    illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their
    reasonable best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the
    parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

   

  (g)             Amendment. This Agreement may be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may be
    given, provided that the same are in writing and signed by all of the signatories hereto.

   

  (h)            USA Patriot Act. The parties acknowledge that in accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed
    into law October 26, 2001)), the Initial Purchaser is required to obtain, verify and record information that identifies its clients, including the Company, which information may include the name and address of its clients, as well as other information
    that will allow the Initial Purchaser to properly identify their clients.

  

  

  
    
      
 

  

  Please confirm that the foregoing correctly sets forth the agreement between the Company and the Initial Purchaser.

   

  	 	Very truly yours,
	 	 	 
	 	PAR TECHNOLOGY CORPORATION
	 	 	 
	 	By:	/s/ Savneet Singh
	 	Name:	Savneet Singh
	 	Title:	Chief Executive Officer

   

  Accepted and Agreed to:

   

  JEFFERIES LLC

   

  	By:	/s/ Tina Pappas                                        	 
	Name:	Tina Pappas	 
	Title:	Managing Director	 

   

  [Signature Page to Purchase Agreement]

  

  
    
      
 

  

  SCHEDULE I

   

  Pricing Supplement

   

  Strictly Confidential

   

  Pricing Term Sheet, dated February 5, 2020

   

  PAR TECHNOLOGY CORPORATION

   

  $105,000,000 PRINCIPAL AMOUNT OF

    2.875% CONVERTIBLE SENIOR NOTES DUE 2026

   

  The information in this pricing term sheet supplements the preliminary offering memorandum, dated February 4, 2020, of PAR Technology Corporation (the
    “Preliminary Offering Memorandum”), and supersedes the information in the Preliminary Offering Memorandum to the extent inconsistent therewith. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary
    Offering Memorandum, including all documents incorporated by reference therein. Terms used herein but not defined herein shall have the respective meanings set forth in the Preliminary Offering Memorandum. All references to dollar amounts are
    references to U.S. dollars.

   

  	Issuer:	PAR Technology Corporation, a Delaware corporation.
	 	 
	Ticker/Exchange for Common Stock:	PAR / New York Stock Exchange.
	 	 
	Securities Offered:	2.875% Convertible Senior Notes due 2026 (the “notes”).
	 	 
	Aggregate Principal Amount of Notes Offered:	$105.0 million aggregate principal amount of notes ($120.0 million if the initial purchaser exercises its option
          to purchase additional notes in full).
	 	 
	Maturity Date:	April 15, 2026 unless earlier converted, redeemed or purchased.
	 	 
	Interest:	2.875% per year. Interest will accrue from February 10, 2020. Interest will be payable semiannually in arrears on
          April 15 and October 15 of each year, beginning on October 15, 2020.
	 	 
	Regular Record Dates:	April 1 and October 1 of each year.
	 	 
	Offering Price:	100% of principal, plus accrued interest, if any, from February 10, 2020.
	 	 
	Last Reported Sale Price of our Common Stock on February 5, 2020:	$32.43 per share.

  

  

  
    
      
 

  

  	Initial Conversion Rate:	23.2722 shares of our common stock per $1,000 principal amount of notes.
	 	 
	Initial Conversion Price:	Approximately $42.97 per share of our common stock.
	 	 
	Conversion Premium:	Approximately 32.5% above the last reported sale price of our common stock on February 5, 2020.
	 	 
	Sole Book-Running Manager:	Jefferies LLC
	 	 
	Pricing Date:	February 5, 2020
	 	 
	Trade Date:	February 6, 2020
	 	 
	Expected Settlement Date:	February 10, 2020
	 	 
	CUSIP Number:	698884 AB9
	 	 
	ISIN:	US698884AB90
	 	 
	Use of Proceeds:	We estimate that the net proceeds to us from this offering, after deducting the initial purchaser's discounts and
          commissions and estimated offering expenses payable by us, will equal approximately $101.4 million (or approximately $115.9 million if the initial purchaser exercises its option to purchase additional notes in full). We intend to use
          approximately $66.25 million (excluding cash payments relating to accrued interest and fractional shares) of the net proceeds from the offering and 722,423 shares of our common stock as consideration to repurchase a portion of our outstanding
          2024 notes. We intend to use the remaining proceeds from the offering (including any net proceeds from the sale of any additional notes that may be sold should the initial purchaser exercise its option to purchase additional notes) for general
          corporate purposes, including continued funding investment in our Brink business and for other working capital needs. We may also use a portion of the proceeds to acquire or invest in other assets complementary to our business. See “Use of
          Proceeds” in the Preliminary Offering Memorandum.
	 	 
	Adjustments to Shares Delivered upon Conversion upon a Make-Whole
            Fundamental Change:	The following table sets forth the number of additional shares that will be added to the conversion rate per
          $1,000 principal amount of notes for each stock price and effective date set forth below:

   

  
    
      
 

  

   

  	EFFECTIVE DATE / DATE OF	STOCK PRICE
	NOTICE  OF REDEMPTION	$32.43	$38.00	$42.97	$50.00	$55.86	$65.00	$80.00	$100.00	$125.00	$150.00
	February 10, 2020	7.5634	6.4989	5.1081	3.7398	2.9415	2.0755	1.2303	0.6378	0.2758	0.1045

  	April 15, 2021	7.5634	6.3831	4.9452	3.5518	2.7518	1.9001	1.0891	0.5408	0.2182	0.0725
	April 15, 2022	7.5634	6.2015	4.7217	3.3098	2.5173	1.6909	0.9303	0.4378	0.1614	0.0438
	April 15, 2023	7.5634	5.9015	4.3750	2.9538	2.1807	1.4016	0.7241	0.3138	0.0998	0.0171
	April 15, 2024	7.5634	5.4199	3.8374	2.4258	1.6974	1.0093	0.4678	0.1778	0.0414	0.0100
	April 15, 2025	7.5634	4.6120	2.9391	1.5818	0.9705	0.4801	0.1815	0.0578	0.0050	0.0030
	April 15, 2026	7.5634	3.0435	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

   

  The exact stock price and effective date may not be set forth in the table above, in which case:

   

  		(1)	If the stock price is between two stock prices in the table or the effective date is between two effective dates in the table, the number of additional shares will be
          determined by a straight-line interpolation between the number of additional shares set forth for the higher and lower stock prices and the earlier and the later effective dates, as applicable, based on a 365- or 366-day year, as applicable.

   

  		(2)	If the stock price is greater than $150.00 (subject to adjustment in the same manner as the stock prices set forth in the column headings of the table above), no additional
          shares will be added to the conversion rate.

   

  		(3)	If the stock price is less than $32.43 (subject to adjustment in the same manner as the stock prices set forth in the column headings of the table above), no additional
          shares will be added to the conversion rate.

   

  Notwithstanding the foregoing, in no event will the conversion rate be increased as a result of this section to exceed 30.8356 shares of common stock per $1,000
    principal amount of notes, subject to adjustment in the same manner, at the same time and for the same events for which we must adjust the conversion rate as set forth under “Description of Notes—Conversion Rights—Conversion Rate Adjustments” in the
    Preliminary Offering Memorandum.

   

  * * *

   

  Before you invest, you should read the Preliminary Offering Memorandum and the documents incorporated therein that the issuer has filed with the SEC for more
    complete information about the issuer and the offering. You may get the incorporated documents the issuer has filed with the SEC for free by visiting EDGAR on the SEC website at www.sec.gov. A copy of the Company’s Preliminary Offering Memorandum in
    connection with the sale of the notes may be obtained from Jefferies LLC (Attn: Equity Syndicate Prospectus Department), 520 Madison Avenue, 2nd Floor, New York, New York 10022, Phone: 1-877-821-7388, Email: Prospectus_Department@Jefferies.com.

   

  ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE
    AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

  

  

  
    
      
 

  

   

  SCHEDULE II

   

  LIST OF SUBSIDIARIES

   

  	Entity Name	Jurisdiction of Formation
	 	 
	AccSys, LLC	Delaware
	Ausable Solutions, Inc.	Delaware
	Brink Software Inc.	California
	PAR Canada ULC	Alberta, Canada
	PAR Government Systems Corporation	New York
	PAR Technology Australia Pty Ltd	Australia
	ParTech (Shanghai) Co., Ltd.	China
	ParTech, Inc.	New York
	Rome Research Corporation	New York
	PAR Logistics Management Systems	New York
	PAR Microsystems Domestic International Sales Corporation	New York
	Par Microsystems, S.A. (Proprietary) Limited	South Africa
	PAR Payment Services, LLC	Delaware
	PAR Siva Corporation	New York
	PAR Springer-Miller Systems Private Ltd	India
	PAR Springer-Miller Systems, Inc.	Delaware
	PAR U.K. Corp.	New York
	Springer-Miller Canada, ULC	Nova Scotia, Canada
	Springer-Miller International, LLC	Delaware

  

  

  
    
      
 

  

  SCHEDULE III

   

  Press release of the Company dated February 4, 2020 relating to the announcement of the Offering.

   

  Press release of the Company dated February 5, 2020 relating to the announcement of the pricing of the Offering.

  

  

  
    
      
 

  

  EXHIBIT A

   

  FORM OF LOCK-UP AGREEMENT 

   

  [●], 2020

   

  JEFFERIES LLC

  

  520 Madison Avenue

  

  New York, New York 10022

   

  RE:      PAR Technology Corporation (the “Company”) 

   

  Ladies and Gentlemen:

   

  The undersigned is an owner of record or a beneficial owner of certain shares of common stock, par value $0.02 per share, of the Company (“Shares”) or
    securities convertible into or exchangeable or exercisable for Shares. The Company proposes to carry out an offering (the “Offering”) pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), of
    Convertible Senior Notes (the “Notes”) for which you will act as the Initial Purchaser (as defined in the Purchase Agreement (as defined below) relating to the Offering to which the Company is a party). The undersigned recognizes that the
    Offering will be of benefit to the undersigned and will benefit the Company. The undersigned acknowledges that you are relying on the representations and agreements of the undersigned contained in this letter agreement (the “Lock-up Agreement”)
    in carrying out the Offering and, at a subsequent date, entering into a Purchase Agreement (the “Purchase Agreement”) with the Company with respect to the Offering.

   

  In consideration of the foregoing, and for other good and valuable consideration, the receipt of and sufficiency of which are hereby acknowledged, the
    undersigned hereby agrees that the undersigned will not, and will cause any spouse or immediate family member (as such term is defined in Rule 16a-1(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), “Immediate
      Family Member”) of the spouse or the undersigned living in the undersigned’s household not to, without the prior written consent of Jefferies LLC (the “Initial Purchaser”) (which consent may be withheld in the Initial Purchaser’s sole
    discretion), directly or indirectly, (1) sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, assign, transfer, establish an open “put equivalent position” within the meaning of Rule 16a-1(h) under
    the Exchange Act, or otherwise dispose of any Shares, options or warrants to acquire Shares, or securities exchangeable or exercisable for or convertible into Shares currently or hereafter owned either of record or beneficially (as defined in Rule
    13d-3 under the Exchange Act) by the undersigned, the undersigned’s spouse or the Immediate Family Members of each of the foregoing living in the undersigned’s household, (2) enter into any swap, hedge or similar arrangement or agreement that
    transfers, in whole or in part, the economic risk of ownership of all or any part of

  

  

  
    
      
 

  

  the Shares, or securities exchangeable or exercisable for or convertible into Shares currently or hereafter owned either of record or beneficially (as
    defined in Rule 13d-3 under the Exchange Act) by the undersigned regardless of whether any such transaction is to be settled in securities, in cash or otherwise, (3) make any demand for or exercise any right to cause to be filed a registration
    statement, including any amendments thereto, with respect to the registration of any Shares or securities exchangeable or exercisable for or convertible into Shares or any other securities of the Company or (4) or publicly announce an intention to do
    any of the foregoing, for a period commencing on the date hereof and continuing through the close of trading on the date 90 days after the date of the Purchase Agreement (the “Lock-up Period”); provided, that the foregoing restrictions shall not
    apply to:

   

  		(i)	the transfer of any or all of the Shares owned by the undersigned by gift to Immediate Family Members of the undersigned;

   

  		(ii)	dispositions to any trust for the direct or indirect benefit of the undersigned and/or Immediate Family Members of the undersigned;

   

  		(iii)	dispositions of Shares to any corporation, partnership, limited liability company or other entity all of the beneficial ownership interests of which are held by the
          undersigned and/or Immediate Family Members of the undersigned;

   

  		(iv)	distributions of Shares to partners, members or stockholders of the undersigned or to the undersigned’s affiliates or to any investment fund or other entity controlled or
          managed by the undersigned;

   

  		(v)	dispositions by will or intestate succession; provided that in the case of any transfer pursuant this clause, any filing under Section 16(a) of the Exchange Act, reporting
          a reduction in beneficial ownership of Shares, shall state that such transfer is a disposition by will or intestate succession;

   

  		(vi)	transfers pursuant to an order of a court or regulatory agency; provided that in the case of any transfer pursuant this clause, any filing under Section 16(a) of the
          Exchange Act, reporting a reduction in beneficial ownership of Shares, shall state that such transfer is pursuant to an order of a court or regulatory agency, unless such a statement would be prohibited by any applicable law, regulation or order
          of a court or regulatory authority;

   

  		(vii)	to transfers to a nominee or custodian of a person or entity to whom a disposition or transfer would be permissible under clauses (i) through (vi);

   

  		(viii)	in the case of vesting of restricted stock or a similar security granted pursuant to the Company’s equity incentive plans or granted as an inducement award, the
          disposition of shares to the Company limited to that number of Shares as may be necessary to meet tax obligations related to such vesting (or related delivery) of such securities, provided, that any public report or filing under Section 16 of the
          Exchange Act shall state in the footnotes thereto that the filing relates to the vesting of restricted stock or similar

  

  

  
    
      
 

  

  
     

    			security and a related sale to meet tax obligations;

  

   

  	
           

           

        	(ix)	
          the entry into any trading plan established pursuant to Rule 10b5-1 under the Exchange Act, provided that such plan does not provide for any sales or other dispositions of Shares during the Lock-Up Period and no public announcement or public
            disclosure of entry into such plan is made or required to be made;

        

   

  		(x)	transactions relating to Shares acquired by the undersigned in open market transactions after the completion of the Offering;

   

  		(xi)	the repurchase of Shares by the Company in connection with termination of the undersigned’s employment with the Company; and

   

  		(xii)	in response to a bona fide third-party takeover bid made to all holders of Shares or any other, merger, consolidation, stock exchange or other similar transaction whereby
          all or substantially all of the Shares are acquired by a third party;

   

  provided, however, that (A) in the case of the transactions in clauses (i) through (iv) above, and in the case of clause (vii) in respect of a transaction
    in clause (i) through (iv) above, it shall be a condition to such transfer that the transferee executes and delivers to Jefferies LLC an agreement stating that the transferee is receiving and holding the Shares subject to the provisions of this letter
    agreement, and there shall be no further transfer of such Shares, except in accordance with this letter agreement and (B) in the case of the transactions in clauses (i) through (iv) and (x) above, and in the case of clause (vii) in respect of a
    transaction in clause (i) through (iv) and (x) above, it shall be a condition to such transfer that no public disclosure and no filing by any party to the transfer (donor, donee, transferor or transferee) under the Exchange Act shall be required nor
    shall be voluntarily made reporting a reduction in beneficial ownership of the Shares in connection with such transfer or distribution prior to the expiration of the Lock-up Period (as the same may be extended pursuant to the terms hereof).

   

  The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer
    of Shares or securities convertible into or exchangeable or exercisable for Shares held by the undersigned except in compliance with the foregoing restrictions.

   

  This letter agreement is irrevocable and will be binding on the undersigned and the respective successors, heirs, personal representatives, and assigns of
    the undersigned.

   

  The undersigned hereby represents and warrants that the undersigned has full power, capacity and authority to enter into this letter agreement. All
    authority herein conferred or agreed to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs or personal representatives of the undersigned.

  

  

  
    
      
 

  

  If (i) the Company notifies the Initial Purchaser in writing that it does not intend to proceed with the Offering, (ii) the Purchase Agreement is not
    executed before February 29, 2020 or (iii) the Purchase Agreement (other than the provisions thereof that survive termination) terminates or is terminated prior to payment for and delivery of the Notes, then in each case, this Lock-up Agreement shall
    automatically, and without any action on the part of any other party, terminate and be of no further force and effect, and the undersigned shall automatically be released from the obligations under this Lock-up Agreement.

   

  This letter agreement shall be governed by, and construed in accordance with, the laws of the State of New York.

  

  

  
    
      
 

  

   

  	Printed Name of Holder	 
	 	 	 
	By:	 	 
	 	Signature	 
	 	 	 
	Printed Name of Person Signing	 
	 	 	 
	(and indicate capacity of person signing if signing as custodian, trustee, or on behalf of an entity)	 

   

  [Signature Page to Lock-Up Agreement]

  
    
      
 

  

  
   

  EXHIBIT B

   

  Dr. John W. Sammon

   

  Douglas G. Rauch

   

  Cynthia A. Russo

   

  Savneet Singh

   

  Dr. James C. Stoffel

   

  Bryan A. Menar

   

  Matthew R. Cicchinelli

   

  Deanna D. Sammon

   

  J.W. Sammon Corp.

   

  Sammon Family Limited Partnership

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]