Document:

Indenture - Convertible Senior Subordinated Notes due 2014

 Exhibit 4.2 
  
  
  
 ALLIANCE ONE INTERNATIONAL, INC. 
 5 1/2% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2014 
  
  
 INDENTURE 
 DATED AS OF
JULY 2, 2009 
  
  

LAW DEBENTURE TRUST COMPANY OF NEW YORK 
 AS TRUSTEE 
 AND 
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 AS REGISTRAR, PAYING AGENT AND
CONVERSION AGENT 
  
  
  
  
  

 TIA CROSS-REFERENCE TABLE 
  

					
	 TIA SECTIONS
	 	 	  	INDENTURE
SECTIONS
	Section 310	 	(a)	  	7.10
		 	(b)	  	7.10
	Section 311	 	(a)	  	7.11
		 	(b)	  	7.11
	Section 312	 	(b)	  	13.03
		 	(c)	  	13.03
	Section 313	 	(a)	  	7.06
		 	(b)	  	7.06
	Section 314	 	(a)	  	4.02; 6.01
	Section 315	 	(b)	  	7.05

  

	Note:  	The TIA Cross-Reference Table shall not for any purpose be deemed to be a part of the Indenture. 

  

 i 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE	  	1
			
	 Section 1.01
	  	Definitions.	  	1
	 Section 1.02
	  	Other Definitions	  	6
	 Section 1.03
	  	Incorporation by Reference of Trust Indenture Act	  	7
	 Section 1.04
	  	Rules of Construction	  	8
	 Section 1.05
	  	Acts of Holders	  	8
		
	ARTICLE 2 THE SECURITIES	  	9
			
	 Section 2.01
	  	Form and Dating	  	9
	 Section 2.02
	  	Execution and Authentication	  	11
	 Section 2.03
	  	Registrar, Paying Agent and Conversion Agent	  	11
	 Section 2.04
	  	Paying Agent to Hold Money and Securities in Trust	  	12
	 Section 2.05
	  	Holder Lists	  	12
	 Section 2.06
	  	Transfer and Exchange	  	13
	 Section 2.07
	  	Replacement Securities	  	16
	 Section 2.08
	  	Outstanding Securities	  	16
	 Section 2.09
	  	Temporary Securities	  	17
	 Section 2.10
	  	Cancellation	  	17
	 Section 2.11
	  	Persons Deemed Owners	  	17
	 Section 2.12
	  	Transfer of Securities	  	18
	 Section 2.13
	  	CUSIP and ISIN Numbers	  	22
	 Section 2.14
	  	Additional Payment	  	23
	 Section 2.15
	  	Additional Interest	  	23
		
	ARTICLE 3 REDEMPTION AND REPURCHASES	  	23
			
	 Section 3.01
	  	No Company Right to Redeem	  	23
	 Section 3.02
	  	Repurchase of Securities at Option of the Holder Upon a Fundamental Change	  	23
	 Section 3.03
	  	Effect of Fundamental Change Repurchase Notice	  	26
	 Section 3.04
	  	Deposit of Fundamental Change Repurchase Price	  	27
	 Section 3.05
	  	Securities Repurchased in Part	  	27
	 Section 3.06
	  	Covenant to Comply with Securities Laws Upon Repurchase of Securities	  	27
	 Section 3.07
	  	Repayment to the Company	  	27
		
	ARTICLE 4 COVENANTS	  	28
			
	 Section 4.01
	  	Payment of Securities	  	28
	 Section 4.02
	  	SEC and Other Reports	  	28
	 Section 4.03
	  	Compliance Certificate	  	29

  

 ii 

					
	 Section 4.04
	  	Further Instruments and Acts	  	30
	 Section 4.05
	  	Maintenance of Office or Agency	  	30
	 Section 4.06
	  	Delivery of Certain Information	  	30
		
	 ARTICLE 5 SUCCESSOR CORPORATION
	  	30
			
	 Section 5.01
	  	When Company May Merge or Transfer Assets	  	30
		
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	31
			
	 Section 6.01
	  	Events of Default	  	31
	 Section 6.02
	  	Acceleration	  	34
	 Section 6.03
	  	Other Remedies	  	34
	 Section 6.04
	  	Waiver of Past Defaults	  	35
	 Section 6.05
	  	Control by Majority	  	35
	 Section 6.06
	  	Limitation on Suits	  	35
	 Section 6.07
	  	Rights of Holders to Receive Payment	  	35
	 Section 6.08
	  	Collection Suit by Trustee	  	36
	 Section 6.09
	  	Trustee May File Proofs of Claim	  	36
	 Section 6.10
	  	Priorities	  	36
	 Section 6.11
	  	Undertaking for Costs	  	36
	 Section 6.12
	  	Waiver of Stay, Extension or Usury Laws	  	36
		
	 ARTICLE 7 TRUSTEE
	  	37
			
	 Section 7.01
	  	Duties of Trustee	  	37
	 Section 7.02
	  	Rights of Trustee	  	38
	 Section 7.03
	  	Individual Rights of Trustee	  	39
	 Section 7.04
	  	Trustee’s Disclaimer	  	39
	 Section 7.05
	  	Notice of Defaults	  	39
	 Section 7.06
	  	Reports by Trustee to Holders	  	39
	 Section 7.07
	  	Compensation and Indemnity	  	40
	 Section 7.08
	  	Replacement of Trustee	  	40
	 Section 7.09
	  	Successor Trustee by Merger	  	41
	 Section 7.10
	  	Eligibility; Disqualification	  	42
	 Section 7.11
	  	Preferential Collection of Claims Against Company	  	42
	 Section 7.12
	  	Trustee’s Application for Instructions from the Company	  	42
		
	 ARTICLE 8 DISCHARGE OF INDENTURE
	  	42
			
	 Section 8.01
	  	Discharge of Liability on Securities	  	42
	 Section 8.02
	  	Repayment to the Company	  	42
		
	 ARTICLE 9 AMENDMENTS
	  	43
			
	 Section 9.01
	  	Without Consent of Holders	  	43
	 Section 9.02
	  	With Consent of Holders	  	43
	 Section 9.03
	  	Compliance with Trust Indenture Act	  	44

  

 iii 

					
	 Section 9.04
	  	Revocation and Effect of Consents, Waivers and Actions	  	44
	 Section 9.05
	  	Notation on or Exchange of Securities	  	45
	 Section 9.06
	  	Trustee to Sign Supplemental Indentures	  	45
	 Section 9.07
	  	Effect of Supplemental Indentures	  	45
		
	ARTICLE 10 CONVERSIONS	  	45
			
	 Section 10.01
	  	Conversion Privilege and Consideration	  	45
	 Section 10.02
	  	Conversion Procedure	  	46
	 Section 10.03
	  	Fractional Shares	  	47
	 Section 10.04
	  	Taxes on Conversion	  	47
	 Section 10.05
	  	Company to Provide Stock	  	47
	 Section 10.06
	  	Adjustment for Change in Capital Stock	  	48
	 Section 10.07
	  	Adjustment for Rights Issue	  	48
	 Section 10.08
	  	Adjustment for Other Distributions	  	50
	 Section 10.09
	  	Adjustment for Cash Distributions	  	52
	 Section 10.10
	  	Adjustment for Company Tender Offer	  	52
	 Section 10.11
	  	When Adjustment May be Deferred	  	53
	 Section 10.12
	  	When No Adjustment Required	  	53
	 Section 10.13
	  	Notice of Adjustment	  	54
	 Section 10.14
	  	Voluntary Increase	  	55
	 Section 10.15
	  	Notice of Certain Transactions	  	55
	 Section 10.16
	  	Effect of Reclassification, Consolidation, Merger or Sale	  	55
	 Section 10.17
	  	Company Determination Final	  	57
	 Section 10.18
	  	Trustee’s Adjustment Disclaimer	  	57
	 Section 10.19
	  	Simultaneous Adjustments	  	57
	 Section 10.20
	  	Successive Adjustments	  	57
	 Section 10.21
	  	Limitation on Adjustments	  	57
	 Section 10.22
	  	Adjustment to Conversion Rate Upon Certain Transactions	  	57
		
	ARTICLE 11 PAYMENT OF INTEREST	  	59
			
	 Section 11.01
	  	Payment of Interest	  	59
	 Section 11.02
	  	Defaulted Interest	  	60
	 Section 11.03
	  	Interest Rights Preserved	  	60
		
	ARTICLE 12 SUBORDINATION	  	61
			
	 Section 12.01
	  	Agreement to Subordinate	  	61
	 Section 12.02
	  	Liquidation; Dissolution; Bankruptcy	  	61
	 Section 12.03
	  	Default on Designated Senior Debt	  	61
	 Section 12.04
	  	When Distributions Must be Paid Over	  	62
	 Section 12.05
	  	Acceleration of the Securities	  	62
	 Section 12.06
	  	Certain Definitions	  	62
		
	ARTICLE 13 MISCELLANEOUS	  	63
			
	 Section 13.01
	  	Trust Indenture Act Controls	  	63

  

 iv 

					
	 Section 13.02
	  	Notices	  	63
	 Section 13.03
	  	Communication by Holders with Other Holders	  	64
	 Section 13.04
	  	Certificate and Opinion as to Conditions Precedent	  	64
	 Section 13.05
	  	Statements Required in Certificate or Opinion	  	65
	 Section 13.06
	  	Separability Clause	  	65
	 Section 13.07
	  	Rules by Trustee, Paying Agent, Conversion Agent, and Registrar	  	65
	 Section 13.08
	  	Legal Holidays	  	65
	 Section 13.09
	  	Governing Law	  	65
	 Section 13.10
	  	No Recourse Against Others	  	65
	 Section 13.11
	  	Successors	  	66
	 Section 13.12
	  	Multiple Originals	  	66
	 Section 13.13
	  	Table of Contents; Headings	  	66
	 Section 13.14
	  	USA Patriot Act	  	66
	 Section 13.15
	  	Force Majeure	  	66
	 Section 13.16
	  	Submission to Jurisdiction	  	66
		
	Form of Security	  	A-1
	Form of Transfer Certificate	  	B-1
	Restricted Stock Legend	  	C-1

  

 v 

 INDENTURE dated as of July 2, 2009 between ALLIANCE ONE INTERNATIONAL, INC., a Virginia corporation
(“Company”), LAW DEBENTURE TRUST COMPANY OF NEW YORK, as trustee (“Trustee”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as the initial registrar, paying agent and conversion agent. 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the
Company’s 5 1/2% Senior Subordinated Convertible Notes due 2014: 
 ARTICLE 1 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 Section 1.01 Definitions. 
 “Additional Interest” means all amounts, if any, payable pursuant to Section 4.02(c) hereof. 
 “Additional Payment” means the amount, if any, payable pursuant to Section 4.02(b) hereof. 
 “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 Security or any beneficial interest
therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transfer or transaction and as in effect from time to time. 
 “Attributable Debt” in respect of a sale and leaseback transaction means, at the time of determination, the present value of the
obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended.
Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP; provided, however, that if such sale and leaseback transaction results in a
Capital Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capital Lease Obligation.” 
 “Board of Directors” means the board of directors of the Company. 

 “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, or such committee of the Board of Directors or officers of the Company to which authority to act on behalf of the Board of Directors has been delegated, and
to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day” means any
calendar day that is not a Saturday, Sunday or a day on which banking institutions in the City of New York are authorized or obligated to close. 
 “Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet prepared in
accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty.

 “Capital Stock” for any entity means any and all shares, interests, rights to purchase, warrants, options, participations
or other equivalents of or interests in (however designated) stock issued by that corporation. 
 “Certificated Securities”
means securities that are in registered definitive form. 
 “Close of Business” means 5:00 p.m. (New York City time).

 “Closing Sale Price” of the Common Stock on any date means the closing per-share sale price (or if no closing per-share
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 that date as reported on the NYSE or, if the Common Stock is not listed
on the NYSE, then as reported by the NASDAQ Stock Market or the principal other national or regional securities exchange on which the shares of the Common Stock are then traded or, if the Common Stock is not listed or approved for trading on the
NASDAQ Stock Market or another national or regional securities exchange, on the principal market on which shares of the Common Stock are then traded. If the Common Stock is not so traded, the “Closing Sale Price” of the Common Stock will
be the average of the midpoint of the last bid and ask prices for shares of the Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose.

 “Common Stock” shall mean the shares of common stock, without par value, of the Company existing on the date of this
Indenture or any other shares of Capital Stock of the Company into which such shares of common stock shall be reclassified or changed. 
 “Company” means the party named as such in this Indenture until a successor replaces it pursuant to the applicable provisions hereof and, thereafter, means the successor. 
 “Company Order” means a written request or order signed in the name of the Company by any two Officers. 
  

 2 

 “Corporate Trust Office” means the corporate trust office of the Trustee at which at any
time the trust created by this Indenture shall be administered, which office at the date hereof is located at 400 Madison Avenue, New York, New York 10017, Attention: James Heaney or such other address as the Trustee may designate from time to time
by notice to the Holders and the Company, or the corporate trust office of any successor Trustee at which such trust shall be administered (or such other address as a successor Trustee may designate from time to time by notice to the Holders and the
Company). 
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Ex-Dividend Date” means the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable
market, regular way, without the right to receive the issuance, dividend or distribution in question. 
 “Free Trade Date”
means the date that is one year after the last Issue Date of the Securities (including of the Option Securities). 
 “Freely
Tradable” means, with respect to the Securities and the Common Stock issuable upon conversion of the Securities, securities that are eligible to be sold by a Person who has not been the Company’s Affiliate during the preceding three
months without any volume or manner of sale restrictions under the Securities Act and that have been assigned an unrestricted CUSIP number. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect and, to the extent optional, adopted by the Company, on the date of this Indenture, consistently applied. 
 “Global Security” means a permanent Global Security that is in the form of the Security attached hereto as Exhibit A, and that is
deposited with and registered in the name of the Depositary. 
 “Holder” or “Holders” means a Person or
Persons in whose name a Security is registered in the Register. 
 “Indebtedness” means, with respect to any specified
Person, any indebtedness of such Person (excluding accrued expenses and trade payables), whether or not contingent: (1) in respect of borrowed money; (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or
reimbursement agreements in respect thereof); (3) in respect of banker’s acceptances; (4) representing Capital Lease Obligations or Attributable Debt in respect of sale and leaseback transactions; or (5) representing the balance
deferred and unpaid of the purchase price of any property or services due more than six months after such property is acquired or such services are completed, if and to the extent any of the preceding items (other than letters of credit and
Attributable Debt) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a lien on any asset of the
specified Person (whether or not such Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the guarantee by the specified Person of any Indebtedness of any other Person. Indebtedness shall be calculated without
giving effect to the effects of Statement of Financial 

  

 3 

 
Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for
any purpose under the indenture as a result of accounting for any embedded derivatives created by the terms of such Indebtedness. 
 “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof, including the provisions of the TIA that are deemed to be a part hereof. 
 “Issue Date” of any Security means the date on which the Security was originally issued or deemed issued as set forth on the face of the
Security. 
 “Market Disruption Event” means the occurrence or existence on any Scheduled Trading Day for the Common Stock
of any 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
such suspension or limitation occurs or exists at any time within the 30 minutes prior to the closing time of the relevant exchange on such Scheduled Trading Day. 
 “Maturity Date,” when used with respect to any Security, means July 15, 2014. 
 “NYSE” means The New York Stock Exchange. 
 “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 or any Assistant Treasurer or Assistant Secretary of
the Company. 
 “Officers’ Certificate” means a written certificate (i) containing the information specified in
Sections 13.04 and 13.05, signed in the name of the Company by any two Officers, and delivered to the Trustee; and (ii) given pursuant to Section 4.03, signed by the principal financial or accounting Officer of the Company, which
certificate need not contain the information specified in Sections 13.04 and 13.05. 
 “Open of Business” means 8:00 a.m.
(New York City time). 
 “Opinion of Counsel” means a written opinion containing the information specified in Sections
13.04 and 13.05, from legal counsel. The counsel may be an employee of, or counsel to, the Company who is reasonably acceptable to the Trustee. 
 “Offering Circular” means the final offering circular for the offering and sale of the Securities dated June 30, 2009. 
 “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. 
 “Restricted Securities Legend” means a legend in the form set forth in Exhibit A.

  

 4 

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

“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 any day that is scheduled by the applicable exchange to be a Trading Day. 
 “SEC” means the Securities and Exchange Commission. 
 “Securities” means any of the Company’s 5 1/2% Convertible Senior Subordinated Notes due 2014, as amended or supplemented from time to time, issued under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Significant Subsidiary” means any Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of
Rule 1-02(w) of Regulation S-X promulgated by the SEC. 
 “Stated Maturity” means, with respect to any installment of
interest or principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of the indenture, and will not include any
contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 
 “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. 
 “Termination of Trading” means the Common Stock (or other
common stock into which the Securities are then convertible) is neither listed nor approved for trading on the NYSE, the NASDAQ Global Select Market or the NASDAQ Global Market (or any of their respective successors). 
 “TIA” means the Trust Indenture Act of 1939 as in effect on the date of this Indenture, provided, however, that in the
event 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) there is no Market Disruption Event and (ii) trading in the Company’s securities generally occurs on the NYSE, or if shares of Common Stock are not listed on the NYSE, then as reported by the
NASDAQ Stock Market or the principal other national or regional securities exchange on which the shares of Common Stock are then traded, or if the Common Stock is not listed or approved for trading on the NASDAQ Stock Market or another national or
regional securities exchange, on the principal market on which shares of the Common Stock are then traded, provided that if the Common Stock is not so listed or traded, then a “Trading Day” shall have the same meaning as Business
Day. 
  

 5 

 “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, shall mean such successor. The foregoing sentence shall likewise apply to any such subsequent successor or successors. 

“Trust Officer” means any officer within the corporate trust department of the Trustee (or any successor group of the Trustee) with
direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter hereunder, any other officer of the Trustee to whom such matter is referred because of his or her knowledge of and
familiarity with the particular subject. 
 “Uniform Commercial Code” means the New York Uniform Commercial Code as in
effect from time to time. 
 “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 shall have or might have voting power by reason of the happening of any contingency). 
 “Wholly Owned
Subsidiary” means, at any time, a Subsidiary all the Voting Stock of which (except directors’ qualifying shares which shall be deemed to include investments by foreign nationals mandated by applicable law) is at such time owned,
directly or indirectly, by the Company and its other Wholly Owned Subsidiaries. 
 Section 1.02 Other Definitions. 
  

			
	 Term Section:
	  	 Defined in:

	“Act”	  	1.05
	“Additional Shares”	  	10.23
	“Agent Members”	  	2.12(e)
	“Bankruptcy Law”	  	6.01
	“Beneficial Owner”	  	3.02(a)
	“Company’s Filing Obligations”	  	6.01
	“Conversion Agent”	  	2.03
	“Conversion Date”	  	10.02
	“Conversion Rate”	  	10.01(a)
	“Credit Agreement”	  	12.06(b)
	“Custodian”	  	6.01
	“Defaulted Interest”	  	11.02
	“Depositary”	  	2.01(a)
	“Designated Senior Debt”	  	12.06(a)
	“Distributed Property”	  	10.08
	“DTC”	  	2.01(a)

  

 6 

			
	 Term Section:
	  	 Defined in:

	 “Event of Default”
	  	6.01
	 “Expiration Date”
	  	10.10
	 “Expiration Time”
	  	10.10
	 “Extension Fee”
	  	6.01
	 “Fundamental Change”
	  	3.02(a)
	 “Fundamental Change Notice”
	  	3.02(b)
	 “Fundamental Change Notice Date”
	  	3.02(b)
	 “Fundamental Change Repurchase Date”
	  	3.02(a)
	 “Fundamental Change Repurchase Notice”
	  	3.02(c)
	 “Fundamental Change Repurchase Price”
	  	3.02(a)
	 “Global Securities Legend”
	  	Exhibit A
	 “Interest Payment Date”
	  	11.01(a)
	 “Legal Holiday”
	  	13.08
	 “Make Whole Adjustment Event”
	  	10.23
	 “Make Whole Adjustment Event Effective Date”
	  	10.23
	 “Merger Event”
	  	10.16
	 “Option Securities”
	  	2.02
	 “Paying Agent”
	  	2.03
	 “Payment Blockage Notice”
	  	12.03(a)
	 “Payment Default”
	  	6.01(v)
	 “QIB”
	  	2.01(a)
	 “Record Date”
	  	11.01(a)
	 “Reference Property”
	  	10.16
	 “Register”
	  	2.03
	 “Registrar”
	  	2.03
	 “Restricted Securities”
	  	2.06(f)
	 “Senior Debt”
	  	12.06(c)
	 “Share Price”
	  	10.23
	 “Special Record Date”
	  	11.02(a)
	 “Spin-off”
	  	10.08
	 “Stockholder Rights Plan”
	  	10.12(a)
	 “Surrendered Securities”
	  	Exhibit B
	 “transfer”
	  	2.06(f)
	 “Valuation Period”
	  	10.08
	 “Weighted Average Consideration”
	  	10.16(c)

 Section 1.03 Incorporation by Reference of Trust Indenture Act. Whenever this
Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 
 “indenture securities” means the Securities. 
  

 7 

 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Company and any other obligor on the indenture securities. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the
meanings assigned to them by such definitions. 
 Section 1.04 Rules of Construction. 
 (1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise defined has the meaning assigned to it and shall be construed in accordance with GAAP; 
 (3)
“or” is not exclusive; 
 (4) “including” means including, without limitation; 
 (5) words in the singular include the plural, and words in the plural include the singular; 
 (6) all references to $, dollars, cash payments or money refer to United States currency; and 
 (7) all references to payments of interest on the Securities shall include Additional Interest, if any, payable in accordance with the terms of Sections
4.02(c) hereof. 
 Section 1.05 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 agent duly appointed in writing; and, except as
herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and 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 shall 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. 
 (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 shall 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. 
  

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 (b) The ownership of Securities shall be proved by the register for the Securities. 
 (c) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of
the same Security and the holder of every Security 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 or the Conversion
Agent in reliance thereon, whether or not notation of such action is made upon such Security. 
 (d) If the Company shall 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 shall 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 shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding
Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding Securities shall be computed as of such record date; provided that
no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 
 ARTICLE 2 
 THE SECURITIES

 Section 2.01 Form and Dating. The Securities and the Trustee’s certificate of authentication shall be
substantially in the form of Exhibit A, which is a part of this Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage (provided that any such notation, legend or endorsement
required by usage is in a form acceptable to the Company). The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each Security shall be dated the date of its authentication. Except as otherwise expressly
permitted in this Indenture, all Securities shall be identical in all respects. Notwithstanding any differences among them, all Securities issued under this Indenture shall vote and consent together on all matters as one class. 
 (a) Initial Securities. The initial Securities offered and sold to qualified institutional buyers as defined in Rule 144A
(“QIBs”) in reliance on Rule 144A shall be issued initially in the form of a Global Security, which shall be deposited with the Trustee at its Corporate Trust Office, as custodian for the Depositary (as defined below) and registered
in the name of The Depository Trust Company (“DTC”) or the nominee thereof (DTC, or any successor thereto, and any such nominee being hereinafter referred to as 

  

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the “Depositary”), duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of
the Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary as hereinafter provided. 
 (b) Global Securities in General. Each Global Security shall represent such of the outstanding Securities as shall be specified therein and each shall provide that it shall represent the aggregate principal
amount of outstanding Securities from time to time endorsed thereon and that the aggregate principal amount of outstanding Securities represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges,
redemptions, repurchases and conversions. 
 (c) Any adjustment of the aggregate principal amount of a Global Security to reflect the amount
of any increase or decrease in the amount of outstanding Securities represented thereby shall be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.12 hereof and shall be made on the records
of the Trustee and the Depositary. Payment of the principal, accrued and unpaid interest (including any Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium on the
Global Security shall be made to the Holder of such Security on the date of payment, unless a Record Date or other means of determining Holders eligible to receive payment is provided for herein. 
 (d) Book-Entry Provisions. This Section 2.01(c) shall apply only to Global Securities deposited with or on behalf of the Depositary.

 The Company shall execute and the Trustee shall, in accordance with this Section 2.01(c), authenticate and deliver initially one or
more Global Securities that (a) shall be registered in the name of the Depositary, (b) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instructions and (c) shall bear the legends substantially
to the effect of those required by Section 2.01(d). 
 (e) Legends. 
 (i) Each Global Security shall bear the Global Securities Legend set forth in Exhibit A. 
 (ii) Each Restricted Security shall bear the Restricted Securities Legend set forth in Exhibit A. Each Security that bears or is required
to bear the Restricted Securities Legend shall be subject to the restrictions on transfer set forth therein, and each Holder of such Security, by such Holder’s acceptance thereof, agrees to be bound by all such restrictions on transfer.

 (iii) Every stock certificate representing Common Stock issued in the circumstances described in Section 2.06(g)
hereof shall bear the Restricted Stock Legend set forth in Exhibit C unless removed in accordance with the provisions of
 Section 2.06(i).
 
  

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 Section 2.02 Execution and Authentication. The Securities shall be executed on behalf of the
Company by any Officer. The signature of the Officer on the Securities may be manual or facsimile. 
 If an Officer whose signature is on a
Security no longer holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless. 
 At any
time after the execution and delivery of this Indenture, the Company may deliver Securities executed by the Company to the Trustee for authentication, together with a written order of the Company in the form of an Officers’ Certificate for the
authentication and delivery of such Securities, and the Trustee, in accordance with such written order of the Company, shall authenticate and deliver such Securities. 
 A Security shall not be valid until an authorized signatory of the Trustee manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been
authenticated under this Indenture. 
 The Securities shall originally be issued only in registered form without coupons and only in
denominations of $1,000 of principal amount and any integral multiple thereof. 
 The Trustee shall initially authenticate and deliver
Securities for original issuance in an aggregate principal amount of $100,000,000, upon receipt of one or more Company Orders. The Trustee shall authenticate and deliver Securities for original issuance in an additional aggregate principal amount of
up to $15,000,000, upon receipt of one or more Company Orders upon exercise of the option granted to the initial purchasers of the Securities described in the Offering Circular (the “Option Securities”). The aggregate principal
amount of the Securities due at the Maturity Date thereof outstanding at any time may not exceed $115,000,000. 
 The Trustee may appoint
authenticating agents. The Trustee may at any time after the execution of this Indenture appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee
may do so, except any Securities issued pursuant to Section 2.07 hereof. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent shall have the same right to deal with the
Company as the Trustee with respect to such matters for which it has been appointed. 
 Section 2.03 Registrar, Paying Agent and
Conversion Agent. The Company shall maintain an office or agency where Securities may be presented for registration of transfer or for exchange (“Registrar”), an office or agency in the Borough of Manhattan, City of New York,
where Securities may be presented for payment (“Paying Agent”), an office or agency where Securities may be presented for conversion (“Conversion Agent”) and an office or agency where notices to or upon the Company
in respect of the Securities and this Indenture may be served. The Registrar shall keep a register for the recordation of, and shall record, the names and addresses of Holders of the Securities, the Securities held by each Holder and the transfer,
exchange and conversion of Securities (the “Register”). The entries in the Register shall 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 Company may have one or more co-registrars, one or 

  

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more additional paying agents and one or more additional conversion agents. The term Paying Agent includes any additional paying agent, including any named
pursuant to Section 4.05. The term Conversion Agent includes any additional conversion agent, including any named pursuant to Section 4.05. 
 The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent or co-registrar not a party to this Indenture, which shall incorporate the terms of the TIA. The
agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of any such agent. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, the
Trustee may agree to act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. The Company or any of its domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar, Conversion
Agent or co-registrar. 
 The Company initially appoints the Deutsche Bank Trust Company Americas as the Paying Agent, the Conversion Agent,
and the Registrar, in connection with the Securities, and the office of Deutsche Bank Trust Company Americas at 60 Wall Street, New York, New York 10005, Attention: Trust & Securities Services, to be such office or agency of the Company for
the aforesaid purposes. The Company may at any time rescind the designation of the Paying Agent, Conversion Agent or the Registrar or approve a change in the location through which any of them acts. 
 Section 2.04 Paying Agent to Hold Money and Securities in Trust. Except as otherwise provided herein, on or prior to each due date of payment
in respect of any Security, the Company shall deposit with the Paying Agent a sum of money (in immediately available funds if deposited on the due date) or Common Stock or, as permitted by this Indenture, a combination thereof, sufficient to make
such payments when so becoming due. The Paying Agent shall (or, if the Paying Agent is not a party hereto, the Company shall require each Paying Agent to agree in writing that such Paying Agent shall) hold in trust for the benefit of Holders or the
Trustee all money and Common Stock held by the Paying Agent for the making of payments in respect of the Securities and shall notify the Trustee of any default by the Company in making any such payment. At any time during the continuance of any such
default, the Paying Agent (if not the Trustee) shall, upon the written request of the Trustee, forthwith pay to the Trustee all money and Common Stock so held in trust. If the Company or a Wholly Owned Subsidiary acts as Paying Agent, it shall
segregate the money and Common Stock held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money and Common Stock held by it to the Trustee and to account for any funds and
Common Stock disbursed by the Paying Agent. Upon complying with this Section, the Paying Agent shall have no further liability for the money delivered to the Trustee. 
 Section 2.05 Holder Lists. The Trustee shall 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 shall furnish to the Trustee, in writing at least five Business Days before each Interest Payment Date, and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may
reasonably require of the names and addresses of Holders. 
  

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 Section 2.06 Transfer and Exchange. 
 (a) Subject to Section 2.12 hereof, upon surrender for registration of transfer of any Security, together with a written instrument of transfer
satisfactory to the Registrar duly executed by the Holder or such Holder’s attorney duly authorized in writing, at the office or agency of the Company designated as the Registrar or co-Registrar pursuant to Section 2.03, (i) the
Company shall execute, and the Trustee (or any authenticating agent) shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of any authorized denomination or denominations, of a like
aggregate principal amount and bearing such restrictive legends as may be required by this Indenture and (ii) the Registrar shall record the information required pursuant to Section 2.03 regarding the designated transferee or transferees
in the Register. The Company shall not charge a service charge for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to pay all taxes, assessments or other governmental charges that may be imposed in
connection with the registration of, transfer or exchange of the Securities from the Holder requesting such transfer or exchange. 
 At the
option of the Holder, Securities may be exchanged for other Securities of any authorized denomination or denominations, of a like aggregate principal amount, upon surrender of the Securities to be exchanged, together with a written instrument of
transfer satisfactory to the Registrar duly executed by the Holder or such Holder’s attorney-in-fact duly authorized in writing, at such office or agency and documents of identity and title satisfactory to Registrar. Whenever any Securities are
so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive, bearing registration numbers not contemporaneously outstanding.

 The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of Securities in respect of which a
Fundamental Change Repurchase Notice has been given and not withdrawn by the Holder thereof in accordance with the terms of this Indenture (except, in the case of Securities to be repurchased in part, the portion thereof not to be repurchased).

 (b) Notwithstanding any provision to the contrary herein, so long as a Global Security remains outstanding and is held by or on behalf of
the Depositary, transfers of a Global Security, in whole or in part, shall be made only in accordance with Section 2.12 and this Section 2.06(b). Transfers of a Global Security shall be limited to transfers of such Global Security, to the
Depositary, to nominees of the Depositary or to a successor of the Depositary or such successor’s nominee. 
 (c) Successive
registrations and registrations of transfers and exchanges as aforesaid may be made from time to time as desired, and each such registration shall be noted on the Register. 
 (d) Any Registrar appointed pursuant to Section 2.03 hereof shall provide to the Trustee such information as the Trustee may reasonably require in
connection with the delivery by such Registrar of Securities upon transfer or exchange of Securities. 
  

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 (e) No Registrar shall be required to make registrations of transfer or exchange of Securities during any
periods designated in the text of the Securities or in this Indenture as periods during which such registration of transfers and exchanges need not be made. 
 (f) 
 (i) Every Security that bears or is required under this Section 2.06(f) to bear
the Restricted Securities Legend required by Section 2.01(d) (the “Restricted Securities”) shall be subject to the restrictions on transfer set forth in this Section 2.06(f) (including the legend set forth below), unless
such restrictions on transfer shall be eliminated or otherwise waived by written consent of the Company, and the Holder of each such Restricted Security, by such Holder’s acceptance thereof, agrees to be bound by all such restrictions on
transfer. As used in this Section 2.06(f), Section 2.06(g) and Sections 2.12(b) and (c), the term “transfer” encompasses any sale, pledge, transfer, loan, hypothecation or other disposition whatsoever of any Restricted
Security. Except as otherwise provided in this Indenture with respect to any Restricted Securities (including, without limitation, Section 2.06 (i) below) or as permitted under the terms of such Restricted Securities Legend, if a request
is made to remove the legend on any Restricted Security, the legend shall not be removed unless there is delivered to the Company and the Registrar such satisfactory evidence, which shall include an opinion of counsel, as may be reasonably required
by the Company and the Registrar, that neither the Restricted Securities Legend nor the restrictions on transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A or Rule 144 or that such
Securities are not “restricted” within the meaning of Rule 144. In such a case, upon (i) provision of such satisfactory evidence, or (ii) notification by the Company to the Trustee and Registrar of the sale of such Security
pursuant to a registration statement that is effective at the time of such sale, the Trustee, pursuant to a Company Order, shall authenticate and deliver a Security that does not bear the Restricted Securities Legend. If the Restricted Securities
Legend is removed from the face of a Security and the Security is subsequently held by the Company or an Affiliate of the Company, the Restricted Securities Legend shall be reinstated. 
 (ii) Except as provided elsewhere in this Indenture (including, without limitation, Section 2.06(i) below), until the later of
(x) the date that is one year after the last Issue Date of the Securities (including of the Option Securities) and (y) the date that is 90 days after the Holder ceases to be an Affiliate of the Company, any certificate evidencing such
Security (and all securities issued in exchange therefor or substitution thereof, other than Common Stock, if any, issued upon conversion thereof, which shall bear the Restricted Stock Legend, if applicable) shall bear the Restricted Securities
Legend unless such Securities have been transferred (A) to the Company, (B) under a registration statement that has been declared effective under the Securities Act, (C) to a Person the seller reasonably believes is a QIB that is
purchasing for its own account or for the account of another QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, all in compliance with Rule 144A, or (D) under any other available exemption from the
registration requirements of the Securities Act. 
  

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 (iii) No transfer of any Security prior to the Free Trade Date will be registered by the
Registrar unless the applicable box on the Form of Assignment and Transfer has been checked. 
 (g) 
 (i) Except as provided elsewhere in this Indenture (including, without limitation, Section 2.06(i) below), until the later of
(x) the date that is one year after the last Issue Date of the Securities (including of the Option Securities) and (y) the date that is 90 days after the holder of such Common Stock ceases to be an Affiliate of the Company, any stock
certificate representing Common Stock issued upon conversion of such Security shall bear the Restricted Stock Legend unless the Security or such Common Stock has been transferred (a) to the Company; (b) under a registration statement that
has been declared effective under the Securities Act; (c) to a Person the Holder reasonably believes is a QIB that is purchasing for its own account or for the account of another QIB pursuant to a valid private placement exemption under the
Securities Act and to whom notice is given that the transfer is being made in reliance on such an exemption; or (d) under any other available exemption from the registration requirements of the Securities Act. 
 (ii) Any such Common Stock as to which such restrictions on transfer shall have expired in accordance with their terms may, upon surrender
of the certificates representing such shares of Common Stock for exchange in accordance with the procedures of the transfer agent for the Common Stock, be exchanged for a new certificate or certificates for a like aggregate number of shares of
Common Stock, which shall not bear the Restricted Stock Legend. 
 (h) The Company shall not permit any Security or Common Stock issued upon
the conversion or exchange of a Security that is purchased or owned by the Company or any Affiliate thereof to be resold by the Company or such Affiliate unless registered under the Securities Act or resold pursuant to an exemption from the
registration requirements of the Securities Act in a transaction that results in such Securities or Common Stock, as the case may be, no longer being “restricted securities” (as defined under Rule 144). If the legend is removed from the
face of a Security and the Security is subsequently held by the Company or an Affiliate of the Company, the legend shall be reinstated. 
 (i) So long as and to the extent that the Securities are represented by one or more Global Securities held by or on behalf of the Depositary only, the Company may accomplish any delegending of such Securities represented by such Global
Securities at any time on or after the Free Trade Date by: 
 (i) providing written notice to the Trustee that the Free Trade
Date has occurred and instructing the Trustee to remove the Restricted Securities Legend from the Securities; 
 (ii)
providing written notice to Holders of the Securities that the Restricted Securities Legend has been removed or deemed removed; 
  

 15 

 (iii) providing written notice to the Trustee and the Depositary to change the CUSIP
number for the Securities to the applicable unrestricted CUSIP number; and 
 (iv) complying with any Applicable Procedures
for delegending; whereupon the Restricted Securities Legend shall be deemed removed from any Global Securities without further action on the part of Holders. 
 (j) On and after the Free Trade Date, the Company shall also (i) instruct the transfer agent for the Common Stock to remove the Restricted Stock Legend from any Common Stock issued upon conversion of the
Securities that bears the Restricted Stock Legend; (ii) notify the holders of any Common Stock issued upon conversion of the Securities (to the extent any Common Stock has been issued upon conversion of the Securities) that such Restricted
Stock Legend has been removed; (iii) if relevant, notify the transfer agent for the Common Stock to change the CUSIP number for the Common Stock issued upon conversion of the Securities to the applicable unrestricted CUSIP number; and
(iv) comply with any Applicable Procedures for delegending any Common Stock issued upon conversion of a Security including the Restricted Stock Legend. 
 Section 2.07 Replacement Securities. If a mutilated Security is surrendered to the Registrar or if the Holder of a Security claims that such Security has been lost, destroyed or stolen and the Holder
provides evidence of the loss, theft or destruction satisfactory to the Company and the Trustee, the Company shall issue and the Trustee shall authenticate a replacement Security if the requirements of Section 8–405 of the Uniform
Commercial Code are met and the Holder satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish an indemnity bond sufficient in the judgment of the Company and the Trustee to
protect the Company, the Trustee, the Paying Agent, the Registrar and any co-registrar from any loss that any of them may suffer if a Security is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a Security.

 Upon the issuance of any new Securities under this Section 2.07, the Company may require the payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security issued pursuant to this Section 2.07 in exchange for any mutilated Security, or in lieu of any destroyed, lost or stolen Security, shall constitute an original additional contractual obligation
of the Company and any other obligor upon the Securities, whether or not the mutilated, destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and
proportionately with any and all other Securities duly issued hereunder. 
 Section 2.08 Outstanding Securities. Securities
outstanding at any time are all Securities authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Security does not cease to be
outstanding because the Company or an Affiliate of the Company holds the Security; provided, however, that in determining whether the Holders of the requisite principal amount of Securities have given or concurred in any request,
demand, authorization, direction, notice, consent, waiver or other action hereunder, Securities owned by the Company or any obligor upon the 

  

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Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be outstanding, except that, in determining whether
the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only Securities which a Trust Officer of the Trustee actually knows to be so owned shall be so disregarded.
Subject to the foregoing, only Securities outstanding at the time of such determination shall be considered in any such determination (including, without limitation, determinations pursuant to Articles 6 and 9). 
 If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to
them that the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent holds, in accordance with this Indenture, on a
Fundamental Change Repurchase Date or on the Maturity Date, money sufficient to pay Securities payable on that date, then immediately after such Fundamental Change Repurchase Date or Maturity Date, as the case may be, such Securities shall cease to
be outstanding and interest (including Additional Interest), if any, on such Securities shall cease to accrue and such Securities shall cease to be convertible. 
 If a Security is converted in accordance with Article 10, then from and after the time of conversion on the Conversion Date, such Security shall cease to be outstanding and interest (including Additional Interest), if
any, shall cease to accrue on such Security. 
 Section 2.09 Temporary Securities. Until definitive Securities are ready for
delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary
Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities and deliver them in exchange for Temporary Securities. 
 Section 2.10 Cancellation. The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment or cancellation
and shall dispose of such cancelled Securities in its customary manner. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to the Trustee for cancellation or that any Holder has converted pursuant to
Article 10. 
 Section 2.11 Persons Deemed Owners. Prior to due presentment of a Security for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered in the Register as the owner of such Security for the purpose of receiving payment of principal, interest (including any
Additional Interest), and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium thereon, for the purpose of conversion and for all other purposes whatsoever, whether or not such Security be overdue, and
neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
  

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 Section 2.12 Transfer of Securities. 
 (a) Notwithstanding any other provisions of this Indenture or the Securities, (A) transfers of a Global Security, in whole or in part, shall be made
only in accordance with Section 2.06 and Section 2.12(a)(i), (B) transfers of a beneficial interest in a Global Security for a Certificated Security shall comply with Section 2.06 and Section 2.12(a) (ii) below, and
(C) transfers of a Certificated Security shall comply with Section 2.06 and 2.12(a)(iii) and (iv) below. Any such transfer shall comply with the Applicable Procedures to the extent so required. 
 (i) Transfer of Global Security. A Global Security may not be transferred, in whole or in part, to any Person other than the
Depositary or a nominee or any successor thereof, and no such transfer to any such other Person may be registered; provided that this clause (i) shall not prohibit any transfer of a Security that is issued in exchange for a Global
Security but is not itself a Global Security. No transfer of a Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Nothing in this
Section 2.12(a)(i) shall prohibit or render ineffective any transfer of a beneficial interest in a Global Security effected in accordance with the other provisions of this Section 2.12(a). 
 (ii) Restrictions on Transfer of a Beneficial Interest in a Global Security for a Certificated Security. A beneficial interest in a
Global Security may not be exchanged for a Certificated Security except: 
 (A) Certificated Securities shall be issued to all
owners of beneficial interests in a Global Security in exchange for such interests if: 
 (1) DTC notifies the Company that
it is unwilling or unable to continue as Depositary for such Global Security and a successor Depositary is not appointed by the Company within 90 days of such notice; or 
 (2) the Company, at any time, in its sole discretion, executes and delivers to the Trustee and the Registrar an Officers’
Certificate stating that the entire Global Security shall be so exchangeable. 
 In connection with the exchange of an entire Global Security
for Certificated Securities pursuant to this Subsection (ii), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and upon Company Order the Trustee shall authenticate and deliver,
to each beneficial owner identified by DTC in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount of Certificated Securities of authorized denominations. 
 (B) The owner of a beneficial interest in a Global Security will be entitled to receive a Certificated Security in exchange for such
interest if an Event of Default has occurred and is continuing. 
  

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 Upon receipt by the Registrar of instructions from the Holder of a Global Security directing the
Registrar to (x) issue one or more Certificated Securities in the amounts specified to the owner of a beneficial interest in such Global Security and (y) debit or cause to be debited an equivalent amount of beneficial interest in such
Global Security, subject to the Applicable Procedures: 
 1) the Registrar shall notify the Company and the Trustee of such instructions,
identifying the owner and amount of such beneficial interest in such Global Security; 
 2) the Company shall promptly execute, and upon
Company Order the Trustee shall authenticate and deliver, to such beneficial owner Certificated Security(ies) in an equivalent amount to such beneficial interest in such Global Security; and 
 3) the Registrar shall decrease such Global Security by such amount in accordance with the foregoing. 
 (iii) Transfer and Exchange of Certificated Securities. When Certificated Securities are presented to the Registrar with a request:
(x) to register the transfer of such Certificated Securities; or (y) to exchange such Certificated Securities for an equal principal amount of Certificated Securities of other authorized denominations, the Registrar shall register the
transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided, however, that the Certificated Securities surrendered for transfer or exchange: 
 (1) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, duly
executed by the Holder thereof or his attorney duly authorized in writing; and 
 (2) so long as such Securities are “restricted
securities” (as defined under Rule 144), such Securities are being transferred or exchanged pursuant to an effective registration statement under the Securities Act or pursuant to clause (A), (B) or (C) below, and are accompanied by
the following additional information and documents, as applicable: 
 (A) if such Certificated Securities are being delivered
to the Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or 
 (B) if such Certificated Securities are being transferred to the Company, a certification to that effect; or 
 (C) if such Certificated Securities are being transferred pursuant to an exemption from registration, (i) a certification to that effect (in the form set forth in Exhibit B, if applicable) and (ii) if the
Company so requests, an opinion of counsel in form and substance reasonably satisfactory to it or other evidence in form and substance reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend thereon.

 (iv) Restrictions on Transfer of a Certificated Security for a Beneficial Interest in a Global Security. A
Certificated Security may not be exchanged for a beneficial interest in a Global Security except upon satisfaction of the requirements set forth below. 
  

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 Upon receipt by the Trustee of a Certificated Security, duly endorsed or accompanied by appropriate
instruments of transfer, in form satisfactory to the Trustee, together with: 
 (A) so long as the Securities are Restricted
Securities, certification, in the form set forth in Exhibit B, that such Certificated Security is being transferred to a QIB in accordance with Rule 144A; and 
 (B) written instructions directing the Trustee to make, or to direct the Registrar to make, an adjustment on its books and records with
respect to such Global Security to reflect an increase in the aggregate principal amount of the Securities represented by the Global Security, such instructions to contain information regarding the Depositary account to be credited with such
increase, then the Trustee shall cancel such Certificated Security and cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Registrar, the aggregate principal
amount of Securities represented by the Global Security to be increased by the aggregate principal amount of the Certificated Security to be exchanged, and shall credit or cause to be credited to the account of the Person specified in such
instructions a beneficial interest in the Global Security equal to the principal amount of the Certificated Security so cancelled. If no Global Securities are then outstanding, the Company shall issue and the Trustee shall authenticate, upon written
order of the Company in the form of an Officers’ Certificate, a new Global Security in the appropriate principal amount. 
 (b) Subject
to the succeeding Section 2.12(c), every Security shall be subject to the restrictions on transfer provided in Section 2.06(f), including the delivery of an opinion of counsel, if so required. Whenever any Restricted Security is presented
or surrendered for registration of transfer or for exchange for a Security registered in a name other than that of the Holder, such Security must be accompanied by a certificate in substantially the form set forth in Exhibit B, dated the date of
such surrender and signed by the Holder of such Security, as to compliance with such restrictions on transfer. The Registrar shall not be required to accept for such registration of transfer or exchange any Security not so accompanied by a properly
completed certificate. 
 (c) The restrictions imposed by Sections 2.06(f) upon the transferability of any Security shall cease and terminate
when such Security has been sold pursuant to an effective registration statement under the Securities Act or transferred in compliance with Rule 144 or, if earlier, upon the expiration of the holding period applicable to sales thereof under Rule 144
by a Person other than an Affiliate or a former Affiliate. Any Security as to which such restrictions on transfer shall have expired in accordance with their terms or shall have terminated may, upon a surrender of such Security for exchange to the
Registrar in accordance with the provisions of this Section 2.12 (accompanied, in the event that such restrictions on transfer have terminated by reason of a transfer in compliance with Rule 144 or any successor provision, by an opinion of
counsel having substantial experience in practice under the Securities Act and otherwise reasonably acceptable in form and substance to the Company, addressed to the Company, to the effect that the transfer of such Security has been made in
compliance with Rule 144), be exchanged for a new Security, of like tenor and aggregate principal amount, which shall not bear the legends required by Section 2.01(d). The Company shall inform the Trustee upon the occurrence of 

  

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the Free Trade Date and promptly after a registration statement with respect to the Securities or any Common Stock issued upon conversion of the Securities
has been declared effective under the Securities Act. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the aforementioned opinion of counsel or registration statement. 
 (d) The provisions of clauses (i), (ii), (iii) and (iv) below shall apply only to Global Securities: 
 (i) Notwithstanding any other provisions of this Indenture or the Securities, a Global Security shall not be exchanged in whole or in part
for a Security registered in the name of any Person other than the Depositary or one or more nominees thereof, provided that a Global Security may be exchanged for Securities registered in the name of any Person designated by the Depositary
in the event that (A) the Depositary has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or such Depositary has ceased to be a “clearing agency” registered under the Exchange Act,
and a successor Depositary is not appointed by the Company within 90 days or (B) an Event of Default has occurred and is continuing with respect to the Securities. Any Global Security exchanged pursuant to clause (A) above shall be so
exchanged in whole and not in part, and any Global Security exchanged pursuant to clause (B) above may be exchanged in whole or from time to time in part as directed by the Depositary. Any Security issued in exchange for a Global Security or
any portion thereof shall be a Global Security; provided that any such Security so issued that is registered in the name of a Person other than the Depositary or a nominee thereof shall not be a Global Security. 
 (ii) Securities issued in exchange for a Global Security or any portion thereof shall be issued in definitive, fully registered form,
without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall
designate and shall bear the applicable legends provided for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to any Global Security to be exchanged in part, either
such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount thereof shall be reduced, by an amount equal to the
portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate and deliver the Security issuable on such exchange to or upon the
order of the Depositary or an authorized representative thereof. 
 (iii) Subject to the provisions of Subsection
(f) below, the registered Holder may grant proxies and otherwise authorize any Person, including Agent Members (as defined below) and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take
under this Indenture or the Securities. 
  

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 (iv) In the event of the occurrence of any of the events specified in clause
(i) above, the Company will promptly make available to the Trustee a reasonable supply of Certificated Securities in definitive, fully registered form, without interest coupons. 
 (e) Neither any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf
Agent Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee, as the case
may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the
Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its
Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security. The registered Holder of a Global Security may grant
proxies and otherwise authorize any Person, including Agent Members and persons that may hold interests through Agent Members, to take any action that a Holder is entitled to take under this Indenture or the Securities. 
 Section 2.13 CUSIP and ISIN Numbers. 
 (a) The Company, in issuing the Securities, will use restricted CUSIP and ISIN numbers for such Securities (if then generally in use) until such time as the Restricted Securities Legend is removed pursuant to Section 2.06(i). At such
time as the legend is removed from such Securities pursuant to Section 2.06(i), the Company will use an unrestricted CUSIP number for such Security, but only with respect to the Securities where so removed. The Trustee shall use CUSIP and ISIN
numbers in notices of redemption as a convenience to Holders; provided, however, that neither the Company nor the Trustee shall have any responsibility for any defect in the CUSIP or ISIN number that appears on any Security, check,
advice of payment or redemption notice, and any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be
placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee in the event of any change in the
CUSIP or ISIN numbers. 
 (b) The Company, upon issuing shares of Common Stock upon conversion of Securities, will use a restricted CUSIP
number for such shares of Common Stock. With respect to such share of Common Stock, until such time as the Restricted Stock Legend is removed pursuant to Section 2.06(i) from such share of Common Stock such restricted CUSIP will be the
CUSIP number for such share of Common Stock. At such time as the Restrictive Stock Legend is removed from such share of Common Stock pursuant to Section 2.06(i) or otherwise, an unrestricted CUSIP number for such share of Common Stock will
be deemed to be the CUSIP number therefor, but only with respect to the shares where so removed. 
  

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 Section 2.14 Additional Payment. As set forth in Section 4.02(b) hereof, the Company may
be obligated to pay an Additional Payment to Holders. 
 Section 2.15 Additional Interest. As set forth in Section 4.02(c)
hereof, the Company may be obligated to pay Additional Interest to Holders. Additional Interest, if required to be paid, is deemed to be interest for purposes of this Indenture. 
 ARTICLE 3 
 REDEMPTION AND REPURCHASES 
 Section 3.01 No Company Right to Redeem. The Company shall have no right to redeem the Securities before the Maturity Date. 
 Section 3.02 Repurchase of Securities at Option of the Holder Upon a Fundamental Change. 
 (a) If a Fundamental Change occurs, the Securities shall be repurchased by the Company, at the option of the Holder thereof, in cash, at 100% of the
principal amount plus accrued and unpaid interest (including Additional Interest), if any, to (but excluding) such Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”), as of the date that is no fewer than
20 Business Days and no more than 45 Business Days after the date of the Fundamental Change Notice delivered by the Company (the “Fundamental Change Repurchase Date”), subject to satisfaction by or on behalf of the Holder of the
requirements set forth in Section 3.02(c). 
 A “Fundamental Change” shall be deemed to have occurred at such time
after the Securities are originally issued that any of the following events shall occur: 
 (i) any person becomes a Beneficial Owner,
directly or indirectly, through a purchase, merger or other acquisition transaction or series of transactions, of shares of the Company’s Capital Stock entitling the person to exercise 50% or more of the total voting power of all shares of the
Company’s Capital Stock that are entitled to vote generally in elections of directors, other than an acquisition by the Company or any of its Subsidiaries; 
 (ii) the Company merges or consolidates with or into any other person (other than a Subsidiary), any merger of another person into the Company, or the Company conveys, sells, transfers or leases all or substantially
all of its assets to another person (other than a Subsidiary), other than any transaction: (A) involving a merger or consolidation that does not result in any reclassification, conversion, exchange or cancellation of the Company’s
outstanding shares of Common Stock, or (B) pursuant to which the holders of the Company’s shares of Common Stock immediately prior to the transaction have the entitlement to exercise, directly or indirectly, 50% or more of the total voting
power of all shares of Capital Stock entitled to vote generally in the election of directors of the continuing or surviving corporation immediately after the transaction, with such Holders’ proportional voting power immediately after the
transaction vis-à-vis each other with respect to the securities they receive in such transaction being in substantially the same proportions as their respective voting power vis-à-vis each other with respect to the Common Stock that
they held immediately before such transaction, or (C) which is effected solely to change the Company’s jurisdiction of incorporation and results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely
into shares of common stock of the surviving entity; 
  

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 (iii) the Company’s stockholders approve any plan or proposal for the Company’s liquidation or
dissolution; or 
 (iv) a Termination of Trading. 
 Notwithstanding the foregoing provisions of this Section 3.02, a Fundamental Change shall not be deemed to have occurred if at least 90% of the consideration (excluding cash payments for fractional shares and
cash payments made pursuant to dissenters’ appraisal rights) in a merger or consolidation otherwise constituting a Fundamental Change under clause (i) and/or clause (ii) above consists of shares of common stock or American Depositary
Receipts in respect of the Company’s common stock traded, in each case, on the NYSE, the NASDAQ Global Select Market or the NASDAQ Global Market (or any of their respective successors), or will be so traded immediately following the merger or
consolidation, and as a result of the merger or consolidation the Securities become convertible into such consideration. For purposes of this Section 3.02, (x) whether a Person is a “Beneficial Owner” shall be determined
in accordance with Rule 13d–3 under the Exchange Act and (y) “person” includes any syndicate or group that would be deemed to be a “person” under Section 13(d)(3) of the Exchange Act. 
 At least three Business Days before the Fundamental Change Notice Date (as defined below), the Company shall deliver an Officers’ Certificate to the
Trustee specifying: 
 (i) the information required by Section 3.02(b); and 
 (ii) whether the Company desires the Trustee to give the Fundamental Change Notice required by Section 3.02(b). 
 (b) No later than 10 calendar days after the Company knows or reasonably should know of the occurrence of a Fundamental Change, the Company shall mail a
written notice of the Fundamental Change (the “Fundamental Change Notice,” the date of such mailing, the “Fundamental Change Notice Date”) by first-class mail to the Trustee and to each Holder (and to Beneficial
Owners as required by applicable law). The notice shall include a form of Fundamental Change Repurchase Notice to be completed by the Holder and shall state: 
 (i) briefly, the nature of the Fundamental Change and the date of such Fundamental Change; 
 (ii) the date
by which the Fundamental Change Repurchase Notice pursuant to Section 3.02(c) must be given; 
 (iii) the Fundamental Change Repurchase
Date; 
 (iv) the Fundamental Change Repurchase Price; 
 (v) the name and address of the Paying Agent and the Conversion Agent; 
  

 24 

 (vi) the Conversion Rate applicable on such Conversion Date and any adjustments thereto; 
 (vii) that the Securities as to which a Fundamental Change Repurchase Notice has been given may be converted if they are otherwise convertible pursuant
to Article 10 hereof only if the Fundamental Change Repurchase Notice has been withdrawn in accordance with the terms of this Indenture; 
 (viii) that the Securities must be surrendered to the Paying Agent to collect payment; 
 (ix) that the Fundamental Change
Repurchase Price for any Security as to which a Fundamental Change Repurchase Notice has been duly given and not withdrawn will be paid promptly following the later of the Fundamental Change Repurchase Date and the time of surrender of such Security
as described in (viii); 
 (x) briefly, the procedures the Holder must follow to exercise rights under this Section 3.02; 
 (xi) briefly, the conversion rights, if any, of the Securities; 
 (xii) the procedures for withdrawing a Fundamental Change Repurchase Notice; 
 (xiii) that, unless the
Company defaults in making payment of such Fundamental Change Repurchase Price on the Securities surrendered for repurchase by the Company will cease to accrue on and after the Fundamental Change Repurchase Date; and 
 (xiv) the CUSIP and ISIN number(s) of the Securities. 
 Simultaneously with the provision of the Fundamental Change Notice, the Company shall publish in a newspaper of general circulation in New York, New York or publish on the Company’s website or through another
public medium the Company may use at that time a notice containing the information in above clauses (i) through (xiv). 
 (c) A Holder
may exercise its rights specified in Section 3.02(a) upon delivery of a written notice of repurchase (a “Fundamental Change Repurchase Notice”) and any Securities to which the right is being exercised to the Trustee (for Global
Securities pursuant to the Applicable Procedures) at any time on or prior to the Close of Business on the Scheduled Trading Day immediately preceding the Fundamental Change Repurchase Date, stating: 
 (i) the portion of the principal amount of the Securities which the Holder will deliver to be purchased, which portion must be $1,000 or an integral
multiple thereof; 
 (ii) that such Securities shall be repurchased pursuant to the terms and conditions specified in Paragraph 5 of the
Securities; and 
 (iii) if Certificated Securities have been issued, the certificate numbers of the Securities which the Holder will deliver
to be repurchased. 
  

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 The delivery of such Security to the Trustee with the Fundamental Change Repurchase Notice (together with
all necessary endorsements) at the offices of the Trustee shall be a condition to the receipt by the Holder of the Fundamental Change Repurchase Price therefor; provided, however, that such Fundamental Change Repurchase Price shall be
so paid pursuant to this Section 3.02 only if the Security so delivered to the Trustee, if any, shall conform in all material respects to the description thereof set forth in the related Fundamental Change Repurchase Notice. 
 The Company shall repurchase from the Holder thereof, pursuant to this Section 3.02, a portion of a Security if the principal amount of such portion
is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the repurchase of all of a Security also apply to the repurchase of such portion of such Security. 
 Any repurchase by the Company contemplated pursuant to the provisions of this Section 3.02 shall be consummated by the delivery of the consideration
to be received by the Holder on the Fundamental Change Repurchase Date. 
 (d) Procedure upon Repurchase. The Company shall deposit
cash, at the time and in the manner as provided in Section 3.04, sufficient to pay the aggregate Fundamental Change Repurchase Price of all Securities to be repurchased pursuant to this Section 3.02. 
 Section 3.03 Effect of Fundamental Change Repurchase Notice. Upon receipt by the Paying Agent of the Fundamental Change Repurchase Notice
specified in Section 3.02(c), the Holder of the Security in respect of which such Fundamental Change Repurchase Notice was given shall (unless such Fundamental Change Repurchase Notice is withdrawn as specified in the following paragraph)
thereafter be entitled to receive solely the Fundamental Change Repurchase Price with respect to such Security. Such Fundamental Change Repurchase Price shall be paid to such Holder, subject to receipt of funds by the Paying Agent, promptly
following the later of (i) the Fundamental Change Repurchase Date with respect to such Security (provided the conditions in Section 3.02(c) have been satisfied) and (ii) the time of delivery of such Security to the Paying Agent
by the Holder thereof in the manner required by Section 3.02(c). Securities in respect of which a Fundamental Change Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article 10 hereof on or after the date
of the delivery of such Fundamental Change Repurchase Notice unless such Fundamental Change Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. 
 A Fundamental Change Repurchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in
accordance with the Fundamental Change Repurchase Notice at any time prior to the Close of Business on the last day prior to the Fundamental Change Repurchase Date, specifying: 
 (a) the principal amount of the Security with respect to which such notice of withdrawal is being submitted, in multiples of $1,000; 
 (b) if Certificated Securities have been issued, the certificate number of the Security in respect of which such notice of withdrawal is being submitted;
and 
  

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 (c) the principal amount, if any, of such Security which remains subject to the original Fundamental
Change Repurchase Notice. 
 If the Securities are held in book entry form, the notices must also comply with the appropriate procedures of DTC. 

Section 3.04 Deposit of Fundamental Change Repurchase Price. Prior to 10:00 a.m. (New York City time) on the Fundamental Change
Repurchase Date, as the case may be, the Company shall 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, shall segregate and hold in trust as
provided in Section 2.04) an amount of cash (in immediately available funds if deposited on such Business Day), sufficient to pay the aggregate Fundamental Change Repurchase Price of all the Securities or portions thereof which are to be
repurchased as of the Fundamental Change Repurchase Date. 
 Section 3.05 Securities Repurchased in Part. Any Certificated
Security that is to be repurchased only in part shall be surrendered 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 thereof or such Holder’s attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, a new
Security or Securities, of any authorized denomination as requested by such Holder in aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the Security so surrendered which is not repurchased, or in the
case of a Global Security, the Company shall instruct the Registrar to decrease such Global Security by the principal amount of the repurchased portion of the Security surrendered. 
 Section 3.06 Covenant to Comply with Securities Laws Upon Repurchase of Securities. When complying with the provisions of Section 3.02
hereof (provided that such offer or repurchase constitutes an “issuer tender offer” for purposes of Rule 13e–4 (which term, as used herein, includes any successor provision thereto) under the Exchange Act at the time of
such offer or repurchase), the Company shall, to the extent applicable, (a) comply with Rule 13e–4 and Rule 14e–1 (or any successor provision) under the Exchange Act, (b) file the related Schedule TO (or any successor schedule,
form or report) under the Exchange Act, and (c) otherwise comply with any applicable federal and state securities laws so as to permit the rights and obligations under Section 3.02 to be exercised in the time and in the manner specified in
Section 3.02. 
 Section 3.07 Repayment to the Company. The Trustee and the Paying Agent shall return to the Company any
cash that remains unclaimed as provided in Paragraph 10 of the Securities, held by them for the payment of the Fundamental Change Repurchase Price; provided, however, that to the extent that the aggregate amount of cash deposited by
the Company pursuant to Section 3.04 exceeds the aggregate Fundamental Change Repurchase Price of the Securities or portions thereof which the Company is obligated to repurchase as of the Fundamental Change Repurchase Date, then, unless
otherwise agreed in writing with the Company, promptly after the Business Day following the Fundamental Change Repurchase Date, the Trustee shall return any such excess to the Company. 
  

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 ARTICLE 4 
 COVENANTS 
 Section 4.01 Payment of Securities. The Company shall promptly make all
payments in respect of the Securities on the dates and in the manner provided in the Securities or pursuant to this Indenture. Any amounts of cash or shares of Common Stock to be given to the Trustee or Paying Agent shall be deposited with the
Trustee or Paying Agent by 10:00 a.m. (New York City time) by the Company on the required date. The Company may, at its option, make payments in respect of the Securities by check mailed to a Holder’s registered address (or, if requested
by a Holder of more than $1,000,000 principal amount of the Securities, by wire transfer to the account designated in writing by such Holder) or, with respect to Global Securities, by wire transfer. The Company shall make any required interest
(including any Additional Interest) payments to the Person in whose name each Security is registered at the Close of Business on the Record Date for such interest payment. The principal, accrued and unpaid interest (including Additional Interest),
if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium shall be considered paid on the applicable date due if on such date (or, in the case of a Fundamental Change Repurchase Price, on the
Business Day following the applicable Fundamental Change Repurchase Date) the Trustee or the Paying Agent holds, in accordance with this Indenture, cash sufficient to pay all such amounts then due. 
 Section 4.02 SEC and Other Reports. 
 (a) For so long as the Securities are outstanding, the Company shall file with the SEC, the Company’s annual and quarterly reports, information, documents and other reports (or copies of such portions of any of the foregoing as the SEC
may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act and will file such annual and quarterly reports, information, documents and other reports (or copies
of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) with the Trustee within 15 days of the date on which it would be required to file the same with the SEC. In the event the Company is at any time no longer
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, it shall continue to provide the Trustee and the Holders with annual and quarterly reports containing substantially the same information as would have been
required to be filed with the SEC had the Company continued to have been subject to such reporting requirements. In such event, such annual and quarterly reports shall be provided at the times the Company would have been required to provide reports
had it continued to have been subject to such reporting requirements. The Company also shall comply with the other provisions of TIA Section 314(a). Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely conclusively on Officers’ Certificates). 
  

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 (b) If, at any time during the six-month period beginning on, and including, the date which is six months
after the last Issue Date of the Securities (including of the Option Securities) (such date, the “Start Date”) and ending on the date which is the one year from such last Issue Date of such Securities, the Company fails to timely
file any periodic report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable (other than current reports on Form 8–K), or the Securities otherwise fail to become
Freely Tradable within one year of the Start Date, the Company shall pay a one-time Additional Payment in respect of the Securities in the amount of 0.50% of the principal amount of Securities outstanding. The Company shall pay any such Additional
Payment pursuant to this Section 4.02(b) to the record holder on the Interest Payment Date following the failure of the Company that gives rise to an Additional Payment, or, in the case of a converting Holder, upon the conversion of such
Holder’s Securities. 
 (c) Additionally, the Company will pay Additional Interest on the Securities if the Company fails to cause the
Securities to become Freely Tradable on or prior to one year from the last Issue Date of the Securities (including of the Option Securities) at an annual rate equal to 0.50% of the aggregate principal amount of the Securities. So long as such
condition described in this Section 4.02(c) continues, the Company shall pay such Additional Interest on January 15 and July 15 of each year to the Person who is the holder of record of the Securities on the immediately preceding
January 1 and July 1. When such condition ceases to continue, accrued and unpaid Additional Interest through the date of cessation shall be paid in cash on the subsequent Interest Payment Date to the record holder. 
 (d) In the event that the Company is required to pay an Additional Payment or Additional Interest to Holders of Securities pursuant to this
Section 4.02 or any Extension Fee pursuant to Section 6.01, the Company shall provide a direction or order in the form of a written notice to the Trustee (and if the Trustee is not the Paying Agent, to the Paying Agent) of the
Company’s obligation to pay such Additional Interest, Additional Payment or Extension Fee no later than three Business Days prior to date on which any such Additional Interest, Additional Payment or Extension Fee is scheduled to be paid. Such
notice shall set forth the amount of Additional Interest, Additional Payment or Extension Fee to be paid by the Company on such payment date and direct the Trustee (or, if the Trustee is not the Paying Agent, to the Paying Agent) to make payment to
the extent it receives funds from the Company to do so. The Trustee shall not at any time be under any duty or responsibility to any Holder to determine whether Additional Interest, Additional Payment or Extension Fee is payable, or with respect to
the nature, extent, or calculation of the amount of Additional Interest, Additional Payment or Extension Fee owed, or with respect to the method employed in such calculation of Additional Interest, Additional Payment or Extension Fee. 
 Section 4.03 Compliance Certificate. The Company shall deliver to the Trustee within 120 days after the end of each fiscal year (beginning
with the fiscal year ending March 31, 2009) of the Company an Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof, the Company is in default in the performance and observance of any of the terms,
provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may
have knowledge. 
  

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 Section 4.04 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 purposes of this Indenture. 
 Section 4.05 Maintenance of Office or Agency. The Company will maintain in New York, New York, an office or agency of the Trustee, Registrar,
Paying Agent and Conversion Agent where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer, exchange, repurchase, redemption or conversion and where notices and demands to or upon
the Company in respect of the Securities and this Indenture may be served. The office of Law Debenture Trust Company of New York, at 400 Madison Avenue, New York, New York 10017 (Attention: James Heaney), shall initially be such office or agency for
all of the aforesaid purposes. The Company shall give prompt written notice to the Trustee of the location, and of any change in the location, of any such office or agency (other than a change in the location of the Corporate Trust Office of the
Trustee). If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the address of
the Trustee set forth in Section 13.02. 
 The Company may also from time to time designate one or more other offices or agencies where
the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in New York, New York for such purposes. 
 Section 4.06 Delivery of Certain
Information. At any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, upon the request of a Holder or any beneficial owner of Securities or holder or beneficial owner of shares of Common Stock issued upon
conversion thereof, the Company will promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such Holder or any beneficial owner of Securities or holder or beneficial owner of shares of Common Stock, or to a prospective
purchaser of any such Security designated by any such Holder, as the case may be, to the extent required to permit compliance by such Holder or holder with Rule 144A in connection with the resale of any such Security. “Rule 144A
Information” shall be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act. Whether a Person is a beneficial owner shall be determined by the Company to the Company’s reasonable satisfaction.

 ARTICLE 5 
 SUCCESSOR
CORPORATION 
 Section 5.01 When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge into
any other Person or sell, convey, lease or transfer all or substantially all of its assets to any other Person in any one transaction or series of related transactions, or permit any Person to consolidate with or merge into the Company, unless:

 (a) either (i) the Company shall be the surviving Person or, if the Company is not the surviving Person, (ii) either the
surviving Person formed by such consolidation or into which the Company is merged or the Person to which the Company’s assets are so transferred shall be a corporation organized and validly existing under the laws of the United States of
America, any state thereof or 

  

 30 

 
the District of Columbia; provided, however, that the surviving Person shall expressly assume, by an indenture supplemental hereto, executed
and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event that, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and

 (c) the Company shall have delivered to the Trustee an Officers’ Certificate stating that such consolidation, merger, conveyance,
transfer, sale or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply with this Article 5 and that all conditions precedent herein provided for relating to such transaction have
been satisfied. 
 The successor Person formed by such consolidation or into which the Company is merged or the successor Person to which
such conveyance, transfer, sale or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein;
and thereafter, the Company shall be discharged from all obligations and covenants under this Indenture and the Securities. Subject to Section 9.06, the Company, the Trustee and the successor Person shall enter into a supplemental indenture to
evidence the succession and substitution of such successor Person and such discharge and release of the Company. 
 ARTICLE 6

 DEFAULTS AND REMEDIES 
 Section 6.01 Events of Default. Each of the following events shall be an “Event of Default”: 
 (i) the Company defaults in any payment of interest (including Additional Interest) due and payable on the Securities, and such default continues for a period of 30 days; 
 (ii) the Company defaults in the payment of the Additional Payment when due and payable on the Securities or in the payment of any
Extension Fee when due and payable on the Securities, and such default continues for a period of 30 days; 
 (iii) the Company
defaults in the payment of all or any part of the principal on the Securities and accrued and unpaid interest when the same becomes due and payable at its Maturity Date or upon required repurchase following a Fundamental Change; 
 (iv) the Company fails to provide a Fundamental Change Notice or a notice of a Make Whole Adjustment Event; 
  

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 (v) the Company defaults in its obligation to deliver the shares of Common Stock required
to be delivered upon conversion of the Securities, together with cash in lieu thereof in respect of any fractional shares, upon conversion of any Securities; 
 (vi) the Company or any of its Significant Subsidiaries defaults under any mortgage, indenture or instrument under which there may be
issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Significant Subsidiaries, whether such Indebtedness exists before the Company’s entrance into this Indenture or is created
after such date, if the default: 
 (A) is caused by a failure to pay at Stated Maturity the principal of such Indebtedness
prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment Default”), or 
 (B) results in the acceleration of such Indebtedness prior to its express maturity 
 and, in each case, the
principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $30.0 million or more unless such
Payment Default is cured or waived or such acceleration is rescinded, stayed or annulled within 30 days after the date of such Payment Default or acceleration; 
 (vii) the Company defaults in its performance of any covenant or agreement in respect of the Securities or this Indenture for 60 days
after receipt by the Company of a notice of Default from the Trustee or after receipt by the Company and the Trustee of a notice of Default from the Holders of at least 25% in aggregate principal amount of the Securities then outstanding;

 (viii) the Company pursuant to or within the meaning of any Bankruptcy Law: 
 (A) commences a voluntary case; 
 (B) consents to the entry of an order for relief against it in an involuntary case; 
 (C)
consents to the appointment of a Custodian of it or for any substantial part of its property; or 
 (D) makes a general
assignment for the benefit of its creditors; or 
 (E) takes any comparable action under any foreign laws relating to
insolvency; or 
 (ix) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company in an involuntary case; 
  

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 (B) appoints a Custodian of the Company or for any substantial part of its property;

 (C) orders the winding up or liquidation of the Company; or 
 (D) 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. 
 The foregoing will
constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is 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. 
 The term “Bankruptcy Law” means Title 11, United States Code, or any similar
federal, state or non-U.S. law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 A Default under clause (vii) is not an Event of Default until the Trustee or the Holders of at least 25% in aggregate principal amount of the
Securities then outstanding notify the Company (and in the case of such notice by Holders, the Trustee) of the Default and the Company does not cure such Default within the time specified after receipt of such notice. Such notice must specify the
Default, demand that it be remedied and state that such notice is a “Notice of Default”. 
 The Company shall deliver to the
Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any Default and any event of which it becomes aware that with the giving of notice or the lapse of time would become an Event of
Default, its status and what action the Company is taking or proposes to take with respect thereto. 
 Notwithstanding anything in this
Indenture or in the Securities to the contrary (including Section 4.02), at the election of the Company, the sole remedy for an Event of Default specified in Section 6.01(vii) relating to the failure by the Company to comply with
Section 4.02 (the “Company’s Filing Obligations”) and for any failure by the Company to comply with the requirements of Section 314(a)(1) of the Trust Indenture Act, shall for the first 90 days after the
occurrence of such an Event of Default consist exclusively of the right to receive an extension fee (the “Extension Fee”) on the Securities at an annual rate equal to 0.25% of the principal amount of the Securities. The Extension
Fee will be in addition to any Additional Interest or the payment of any Additional Payment required under Section 4.02 and will be payable in the same manner as Additional Interest. This Extension Fee will accrue on the Securities from and
including the date on which an Event of Default relating to a failure to comply with the Company’s Filing Obligations or the failure to comply with the requirements of Section 314(a)(1) of the Trust Indenture Act first occurs to but
not including the 90th day thereafter (or such earlier date on which the Event of Default relating to such obligations shall have been cured or waived pursuant to Section 6.04). On such 90th day (or earlier, if such Event of Default is cured or
waived pursuant to Section 6.04 prior to such 90th day), such Extension Fee will cease to accrue and, if such Event of Default has not been cured or waived pursuant to Section 6.04 prior to such 90th day, then the Trustee or the Holders of
not less than 25% in principal amount of the Securities may 

  

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declare the principal of and accrued and unpaid interest on all such Securities to be due and payable immediately. This provision shall not affect the rights
of Holders in the event of the occurrence of any other Event of Default. If the Company elects to pay the Extension Fee as the sole remedy for an Event of Default specified in Section 6.01(vii) relating to the failure by the Company to
comply with the Company’s Filing Obligations and for any failure by the Company to comply with the requirements of Section 314(a)(1) of the Trust Indenture Act, the Company shall notify, in the manner provided for in
Section 13.02, the Holders and the Trustee of such election at any time on or before the Close of Business on the date on which such Event of Default first occurs. If the Extension Fee is payable under this Section 6.01, the Company shall
deliver to the Trustee a certificate to that effect stating the date on which such Extension Fee is payable. Unless and until a Trust Officer receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no
Extension Fee is payable. If the Extension Fee has been paid by the Company directly to the Persons entitled to them, the Company shall deliver to the Trustee a certificate setting forth the particulars of such payment. To make such election, the
Company must deliver notice to the Trustee for Holders prior to the day any such Event of Default occurs. 
 Section 6.02
Acceleration. If an Event of Default (other than an Event of Default specified in Sections 6.01(vii) or 6.01(viii) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in
aggregate principal amount of the Securities then outstanding by notice to the Company and the Trustee, may declare the principal amount of Securities outstanding plus accrued and unpaid interest (including Additional Interest), if any, on all the
Securities to be immediately due and payable. Upon such a declaration, such accelerated amount shall be due and payable immediately. If an Event of Default specified in Sections 6.01(vii) or 6.01(viii) with respect to the Company occurs and is
continuing, the principal amount of Securities outstanding plus accrued and unpaid interest on all the Securities shall, automatically and without any action by the Trustee or any Holder, become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the Securities at the time outstanding by notice to the Trustee and the Company and without notice to any other Holder may
rescind any declaration of acceleration if the rescission is before any judgment or decree has been obtained and if all existing Events of Default have been cured except nonpayment of the principal amount or accrued but unpaid interest (including
Additional Interest), if any, that have become due solely as a result of acceleration. No such rescission shall 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 (including Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium on the Securities or to enforce the performance of
any provision of the Securities or this Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Securities
or does not produce any of the Securities 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 shall 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. 
  

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 Section 6.04 Waiver of Past Defaults. The Holders of a majority in aggregate principal amount
of the Securities at the time outstanding by notice to the Trustee and without notice to any other Holder may waive an existing default and its consequences except (a) an Event of Default described in Section 6.01(i), (b) a default in
respect of a provision that under Section 9.02 cannot be amended without the consent of each Holder or (c) a default which constitutes a failure to convert any Security in accordance with the terms of Article 10. When a Default is waived,
it is deemed cured, but no such waiver shall extend to any subsequent or other default or impair any consequent right. 
 Section 6.05
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities at the time outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising
any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is prejudicial to the rights of other
Holders or would potentially involve the Trustee in personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any action
hereunder, the Trustee shall be entitled to reasonable indemnification against all losses and expenses caused by taking or not taking such action. 
 Section 6.06 Limitation on Suits. A Holder may pursue any remedy with respect to this Indenture or the Securities only if: 
 (a) such Holder shall have previously given to the Trustee written notice of a continuing Event of Default; 
 (b) the Holders of at
least 25% in aggregate principal amount of the Securities at the time outstanding make a written request; 
 (c) such Holder shall have
offered indemnity reasonably satisfactory to the Trustee to pursue such proceeding as trustee; and 
 (d) the Trustee has failed to institute
such proceeding within 60 days after such notice, request and offer of indemnity and, during such 60-day period, has not received from the Holders of at least a majority in aggregate principal amount of the Securities outstanding at the time a
direction inconsistent with such 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. 
 Section 6.07 Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to bring suit for the enforcement of payment of principal, accrued and unpaid interest (including Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the
Fundamental Change Repurchase Price or premium on or after the respective due dates expressed in such Holder’s Securities, and to convert the Securities in accordance with Article 10, shall not be impaired or affected without the consent of
such Holder. 
  

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 Section 6.08 Collection Suit by Trustee. If an Event of Default specified in
Section 6.01(i) or 6.01(ii) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any
unpaid interest (including Additional Interest) to the extent lawful) and the amounts provided for in Section 7.07. 
 Section 6.09
Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative
to the Company, its creditors or its property and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in
any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.07. 
 Section 6.10 Priorities. If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.07; 
 SECOND: to Holders for amounts due and unpaid on the Securities for principal, accrued and unpaid interest (including Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase
Price or premium, as the case may be, ratably, without preference or priority of any kind, according to such amounts due and payable on the Securities; and 
 THIRD: the balance, if any, to the Company. 
 The Trustee may fix a record date and payment date for any
payment to Holders pursuant to this Section 6.10. At least 15 days before such record date, the Company shall mail to each Holder and the Trustee a notice that states the record date, the payment date and the amount to be paid. 
 Section 6.11 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 6.11 does not apply to a suit by
the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in aggregate principal amount of the Securities at the time outstanding. 
 Section 6.12 Waiver of Stay, Extension or Usury Laws. The Company (to the extent it may lawfully do so) shall not at any time insist upon, or
plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company

  

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(to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the
execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 7 
 TRUSTEE 
 Section 7.01 Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent Person would exercise or use
under the circumstances in the conduct of such Person’s own affairs. 
 (b) Except during the continuance of an Event of Default:

 (i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and
no implied covenants or obligations shall be read into this Indenture against the Trustee; 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. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own
willful misconduct, except that: 
 (i) this paragraph does not limit the effect of Section 7.01(b); 
 (ii) the Trustee shall 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 shall 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 6.05. 
 (d) Every provision of
this Indenture that in any way relates to the Trustee is subject to Sections 7.01(a), (b) and (c). 
 (e) The Trustee shall not be
liable for interest on any money received by it. 
 (f) Money or Common Stock held in trust by the Trustee need not be segregated from other
funds except to the extent required by law. 
  

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 (g) No provision of this Indenture shall 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) Every
provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Article 7 and to the provisions of the TIA, and the provisions of this Article 7
shall apply to the Trustee, Registrar, Paying Agent and Conversion Agent. 
 (i) The Trustee shall not be deemed to have notice of a Default
or an Event of Default unless (i) a Trust Officer of the Trustee has received written notice thereof from the Company or any Holder or (ii) a Trust Officer shall have actual knowledge thereof. 
 Section 7.02 Rights of Trustee. 
 (a) The Trustee may conclusively rely on any 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 the 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 shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records
and premises of the Company, personally or by agent or attorney at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or investigation. 
 (b) Before the Trustee acts or refrains from acting (except in connection with an application for authorization of Securities pursuant to
Section 2.02), it may require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

 (c) The Trustee may act through agents, attorneys or custodians and shall not be responsible for the misconduct or negligence of any
agent, attorney or custodian appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good
faith that it believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 
 (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 Securities shall 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 shall not be construed as a duty unless so specified
herein. 
 (g) The Trustee shall 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 shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by
it in compliance with such request or direction. 
  

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 (h) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder, including, without limitation, the
Registrar, Paying Agents and Conversion Agent. 
 (i) The Trustee may request that the Company deliver an Officers’ 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 Officers’ 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. 
 Section 7.03
Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Securities 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 Sections 7.10 and 7.11. 
 Section 7.04 Trustee’s Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity, priority or adequacy of this Indenture or the Securities, it shall not be
accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement of the Company in this Indenture or in any document issued in connection with the sale of the Securities or in the
Securities other than the Trustee’s certificate of authentication. 
 Section 7.05 Notice of Defaults. If a Default or Event
of Default occurs and is continuing, the Trustee shall mail to each Holder notice of the Default or Event of Default within 90 days after it is known to a Trust Officer or written notice of it is received by the Trustee. Except in the case of a
Default described in Section 6.01(i) or 6.01(ii), the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of Holders. The second
sentence of this Section 7.05 shall be in lieu of the proviso to TIA Section 315(b) and such proviso is hereby expressly excluded from this Indenture, as permitted by the TIA. The Trustee shall not be deemed to have knowledge of a Default
unless a Trust Officer of the Trustee has received written notice of such Default. 
 Section 7.06 Reports by Trustee to Holders.
As promptly as practicable after each December 31 beginning with December 31, 2009, and in any event prior to March 31 in each year thereafter, the Trustee shall mail to each Holder a brief report dated as of December 31 each
year that complies with TIA Section 313(a), if and to the extent required by such subsection. The Trustee shall also comply with TIA Section 313(b). 
 A copy of each report at the time of its mailing to Holders shall be filed with the SEC and each stock exchange (if any) on which the Securities are listed. The Company agrees to notify promptly the Trustee whenever
the Securities become listed on any stock exchange and of any delisting thereof. 
  

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 Section 7.07 Compensation and Indemnity. The Company shall pay to the Trustee from time to
time such compensation as shall be agreed upon from time to time in writing for its services. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee
upon request for all reasonable out-of-pocket fees and expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation, fees and expenses,
disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company shall fully indemnify the Trustee against any and all loss, liability, claim, damage or expense (including reasonable attorneys’ fees and
expenses) incurred by it in connection with the acceptance and administration of this trust and the performance of its duties 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 shall 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 shall not relieve the Company of its obligations hereunder except to the extent such failure shall have materially prejudiced the Company. The Company shall defend the claim and the Trustee shall cooperate in the
defense. If the Trustee is advised by counsel in writing that it may have available to it defenses which are in conflict with the defenses available to the Company, then the Trustee may have separate counsel and the Company shall pay the reasonable
fees and expenses of such counsel. 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 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 shall extend to its officers, directors,
employees, agents, attorneys, custodians, successors and assigns. 
 To secure the Company’s payment obligations in this
Section 7.07, the Trustee shall have a lien prior to the Securities 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 (including Additional
Interest), if any, and any Additional Payment, Extension Fee or payment of the Fundamental Change Repurchase Price or premium on particular Securities. 
 The Company’s payment obligations pursuant to this Section shall survive the resignation or removal of the Trustee and the discharge of this Indenture. In the event that the Trustee incurs expenses after the
occurrence of a Default specified in Section 6.01(vii) or 6.01(viii) with respect to the Company, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 Section 7.08 Replacement of Trustee. The Trustee may resign at any time by so notifying the Company at least 30 days prior to the proposed
resignation. The Holders of a majority in aggregate principal amount of the Securities then outstanding may remove the Trustee by so notifying the Trustee. The Company shall remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10; 
  

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 (b) the Trustee is adjudged bankrupt or insolvent; 
 (c) a receiver or other public officer takes charge of the Trustee or its property; or 
 (d) the Trustee otherwise becomes incapable of acting. 
 If the Trustee resigns, is removed by the Company or by the Holders of a majority in aggregate principal amount of the Securities 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 shall promptly appoint a successor Trustee. 
 A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the
rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders. The retiring Trustee shall upon payment of all of its costs and the costs 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 7.07. 
 If a
successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the Holders of 10% in aggregate principal amount of the Securities then outstanding may petition at the expense of the
Company any court of competent jurisdiction for the appointment of a successor Trustee. 
 If the Trustee fails to comply with
Section 7.10, any Holder who has been a bona fide Holder of a Security for at least six months may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s obligations under Section 7.07 shall continue for the
benefit of the retiring Trustee. 
 Section 7.09 Successor Trustee by Merger. 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 shall be
the successor Trustee. 
 In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall
succeed to the trusts created by this Indenture, any of the Securities shall 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
Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any such successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor to the Trustee. 
  

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 Section 7.10 Eligibility; Disqualification. The Trustee shall at all times satisfy the
requirements of TIA Section 310(a). The Trustee shall have (or, in the case of a corporation included in a bank holding company system, the related bank holding company shall 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. The Trustee shall comply with TIA Section 310(b), subject to the penultimate paragraph thereof; provided, however, that
there shall be excluded from the operation of TIA Section 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the
requirements for such exclusion set forth in TIA Section 310(b)(1) are met. 
 Section 7.11 Preferential Collection of
Claims Against Company. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the
extent indicated therein. 
 Section 7.12 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 shall be taken or
such omission shall be effective. The Trustee shall 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 shall not be less than three Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action
(or the effective date in the case of any omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 
 ARTICLE 8 
 DISCHARGE OF INDENTURE 
 Section 8.01 Discharge of Liability on Securities. When (a) the Company delivers to the Registrar all outstanding Securities (other than
Securities replaced pursuant to Section 2.07) for cancellation or (b) all outstanding Securities have become due and payable, and the Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash and shares
of Common Stock (solely to satisfy outstanding conversions, if applicable) sufficient to pay all amounts due and owing on all outstanding Securities (other than Securities replaced pursuant to Section 2.07), and if in either case the Company
pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 7.07, cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Securities
on demand of the Company accompanied by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company. 
 Section 8.02 Repayment to the Company. The Trustee and the Paying Agent shall promptly turn over to the Company upon request any excess money or securities held by them at any time. 
  

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 Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the
Company upon request any money held by them for payments on the Securities that remains unclaimed for two years after the date on which such payments became due, and, thereafter, Holders entitled to the money must look to the Company for payment as
general creditors and all liability of the Trustee or Paying Agent with respect to such money will cease. 
 ARTICLE 9 
 AMENDMENTS 
 Section 9.01
Without Consent of Holders. The Company, the Trustee and the Paying Agent may amend or supplement this Indenture or the Securities without the consent of any Holder so long as such changes, other than those in clause (b), do not materially
and adversely affect the interests of the Holders: 
 (a) to cure any ambiguity, omission, defect or inconsistency; 
 (b) to comply with Article 5; 
 (c) to
provide for uncertificated Securities in addition to or in place of Certificated Securities; 
 (d) to provide any security for or guarantee
of the Securities; 
 (e) to comply with any requirement to effect or maintain the qualification of this Indenture under the TIA; 

(f) to add to the Company’s covenants for the benefit of the Holders or to surrender any right or power conferred upon the Company by this
Indenture; 
 (g) to add Events of Default with respect to the Securities; 
 (h) to add circumstances under which the Company will pay additional interest on the Securities; 
 (i) to make any change that does not adversely affect any outstanding Securities in any material respect; and 
 (j) to conform the Securities and this Indenture with the descriptions set forth in the “Description of Notes” section of the Offering
Circular. 
 After an amendment under this Section 9.01 becomes effective, the Company shall mail to Holders a notice briefly describing
such amendment. The failure to give such notice to all such Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section. 
 Section 9.02 With Consent of Holders. With the written consent of the Holders of at least a majority in aggregate principal amount of the Securities at the time outstanding, the Company, the Trustee and
the Paying Agent may amend or supplement this Indenture or the Securities. However, without the consent of each Holder affected, an amendment to this Indenture or the Securities may not: 
 (a) reduce the amount of Securities whose Holders must consent to an amendment, supplement or waiver; 
  

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 (b) reduce any interest rate referred to in Paragraph 1 of the Securities or change the time for payment
of interest (including any Additional Interest) thereon; 
 (c) reduce the principal amount of or change the Maturity Date of any Security;

 (d) reduce the amount of any Additional Payment or change the time for payment of any Additional Payment; 
 (e) reduce the Fundamental Change Repurchase Price of any Security or change the time at which the Securities may be redeemed or repurchased; 

(f) make any payments on the Securities payable in currency other than as stated in the Security; 
 (g) impair a Holder’s right to institute suit for the enforcement of any payment on the Securities; 
 (h) make any change in the percentage of principal amount of Securities necessary to waive compliance with the provisions of Section 6.04 or this
Section 9.02; 
 (i) waive a continuing default or Event of Default regarding any payment on the Securities; 
 (j) make any change that adversely affects a Holder’s rights under Sections 3.02 to 3.04 hereof, under Article 10 hereof or under Paragraph 5 or 6
of Exhibit A hereto; or 
 (k) reduce the Extension Fee or increase the time during which the Company may elect to pay the Extension Fee.

 It shall 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 shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this Section 9.02
becomes effective, the Company shall mail to each Holder a notice briefly describing the amendment. The failure to give such notice to all such Holders, or any defect therein, shall not impair or affect the validity of an amendment under this
Section. 
 Section 9.03 Compliance with Trust Indenture Act. Every supplemental indenture executed pursuant to this Article
shall comply with the TIA. 
 Section 9.04 Revocation and Effect of Consents, Waivers and Actions. A consent to an amendment or a
waiver by a Holder of a Security shall bind the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent or waiver is not
made on the Security. 
  

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 However, any such Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Security or
portion of the Security if the Trustee receives the notice of revocation before the date the supplemental indenture setting forth the amendment or waiver becomes effective. After an amendment or waiver becomes effective, it shall bind
every Holder. An amendment or waiver becomes effective in accordance with the terms of the supplemental indenture, which shall become effective upon the execution thereof by the Trustee. 
 The Company may, but shall not be 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 notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly
designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date. 
 Section 9.05 Notation on or Exchange of Securities.
Securities authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and
authenticated and delivered by the Trustee in exchange for outstanding Securities. 
 Section 9.06 Trustee to Sign Supplemental
Indentures. Upon the request of the Company, the Trustee shall sign any supplemental indenture authorized pursuant to this Article 9 if the amendment contained therein does not affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may, but need not, sign such supplemental indenture. In signing such supplemental indenture the Trustee shall be provided with, and (subject to the provisions of Section 7.01) shall be fully protected in relying upon, an
Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture. 
 Section 9.07 Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of
this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 ARTICLE 10 
 CONVERSIONS 
 Section 10.01 Conversion Privilege and Consideration. 
 (a) A Holder may convert such Security at any time until the Close of Business on the second Scheduled Trading Day immediately preceding the Maturity Date. The “Conversion Rate” shall be that
identified as such in Paragraph 6 of the Securities, subject to adjustment as herein set forth. A Holder may, during any applicable time referred to herein, convert a portion of the principal amount of a Security if the portion converted is in a
$1,000 principal amount or an integral multiple of $1,000. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security. 
  

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 Except as specifically described in this Article 10, the Conversion Rate will not be subject to
adjustment in the case of the issuance of any shares of Common Stock, or any securities convertible into or exchangeable for shares of Common Stock, or the right, option or warrant to purchase shares of Common Stock, or such convertible or
exchangeable securities. 
 (b) Subject to Section 10.01(a), upon conversion, a Holder will receive, for each $1,000 principal amount of
Securities surrendered, a number of shares of Common Stock equal to (i) $1,000 multiplied by (ii) the applicable Conversion Rate on such Conversion Date. 
 (c) The Company shall deliver such shares of Common Stock to the Holder on the third Trading Day following the Conversion Date; provided, however, that for any conversion that occurs on or after the
Record Date for the payment of interest on the Securities on the Maturity Date, the Company will deliver such shares on the Maturity Date. 
 Section 10.02 Conversion Procedure. To convert a Security, a Holder must satisfy the requirements set forth in Paragraph 6 of the Securities. The first Business Day on which the Holder satisfies all those requirements and
delivers an irrevocable conversion notice together with such Holder’s Securities for conversion is the conversion date (the “Conversion Date”). 
 The Person in whose name the certificate is registered shall be treated as a shareholder of record as of the Close of Business on the Conversion Date. Upon conversion of a Security in its entirety, such Person shall
no longer be a Holder of such Security. 
 No payment or adjustment will be made for dividends on, or other distributions with respect to,
any shares of Common Stock except as provided in this Article 10. 
 Upon conversion of a Security, that portion of accrued and unpaid
interest (including Additional Interest), if any, through the Conversion Date with respect to the converted Security shall not be cancelled, extinguished or forfeited, but rather, subject to Section 11.01(b), shall be deemed to be paid in full
to the Holder thereof through delivery shares of Common Stock (together with the cash payment, if any, in lieu of fractional shares) for the Security being converted pursuant to the provisions hereof. The Company will not adjust the Conversion Rate
to account for accrued interest, if any. 
 If the last day on which a Security may be converted is a Legal Holiday, the Security may be
surrendered on the next succeeding day that is not a Legal Holiday. 
 If the Holder converts more than one Security at the same time, the
number of shares of Common Stock issuable upon the conversion and the amount of any cash paid in lieu of fractional shares shall be based on the total principal amount of the Securities converted. Upon surrender of a Security that is converted in
part, the Company shall execute, and the Trustee shall authenticate and deliver to the Holder, a new Security in an authorized denomination equal in principal amount to the unconverted portion of the Security surrendered, or in the case of a Global
Security, the Company shall instruct the Registrar to decrease such Global Security by the principal amount of the converted portion of the Security surrendered. 
  

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 Section 10.03 Fractional Shares. The Company will not issue fractional shares of Common Stock
upon conversion of a Security. Instead, the Company will pay cash in lieu of fractional shares by multiplying the Closing Sale Price of a full share of Common Stock on the Conversion Date (or if the Conversion Date is not a Trading Day, the next
following Trading Day) by the fractional amount and rounding the product to the nearest whole cent. Whether fractional shares are issuable upon a conversion will be determined on the basis of the total number of Securities that the Holder is then
converting into Common Stock and the aggregate number of fractional shares, if any, of Common Stock issuable upon such conversion. 
 All
calculations under this Article 10 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be. 
 Section 10.04 Taxes on Conversion. If a Holder submits a Security for conversion, the Company shall pay all stamp and all other duties, if any, which may be imposed by the United States or any political subdivision thereof or
taxing authority thereof or therein with respect to the issuance of shares, if any, of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than
the Holder’s name. The Conversion Agent may refuse to deliver the certificates representing the shares, if any, of Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay
any tax which will be due because the shares are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulations. 
 Section 10.05 Company to Provide Stock. The Company shall, prior to issuance of any Securities under this Article 10, and from time to time
as may be necessary, reserve out of its authorized but unissued shares of Common Stock a sufficient number of shares of Common Stock to permit the conversion of the Securities. 
 Any shares of Common Stock delivered upon conversion of the Securities shall be newly issued shares or treasury shares, shall be duly and validly issued
and fully paid and nonassessable, and shall be free from preemptive rights and shall be free of any lien or adverse claim. The Company will endeavor promptly to comply with all federal and state securities laws regulating the offer and delivery of
Common Stock, if any, upon conversion of Securities, if any, and will list or cause to have quoted such shares of Common Stock on each national securities exchange or in the over-the-counter market or such other market on which the shares of Common
Stock are then listed or quoted. 
 With respect to any Common Stock required to bear a Restricted Stock Legend, the shares of Common Stock
distributed upon conversion will be issued in physical certificated form, will not be held in book-entry form through the facilities of the Depositary and shall be treated as “restricted securities” (as defined under Rule 144), and the
Company will affix, or will direct its transfer agent to affix the Restricted Stock Legend that is set forth in Exhibit C upon such shares of Common Stock. 
  

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 Section 10.06 Adjustment for Change in Capital Stock. If, after the Issue Date of the
Securities, the Company: 
 (a) pays a dividend or makes a distribution payable exclusively in shares of Common Stock on all or substantially
all shares of the Company’s Common Stock; 
 (b) subdivides the outstanding shares of Common Stock into a greater number of shares; or

 (c) combines the outstanding shares of Common Stock into a smaller number of shares; 
 then the Conversion Rate will be adjusted based on the following formula: 
 

 
 where, 
  

	R’ =	the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the
effective date of such subdivision or combination, as the case may be; 

  

	R =	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately prior to the Open of Business on
the effective date of such subdivision or combination, as the case may be; 

  

	OS’ =	the number of shares of Common Stock outstanding immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately prior to the
Open of Business on the effective date of such subdivision or combination, as the case may be; and 

  

	OS =	the number of shares of Common Stock outstanding immediately after such dividend or distribution, or immediately after the effective date of such subdivision or combination, as the
case may be. 

 Such adjustment shall become effective immediately after the opening of business on the Ex-Dividend Date for
such dividend or distribution, or the effective date for such subdivision or combination. If any dividend or distribution of the type described in this Section 10.06 is declared but not so paid or made, or the outstanding shares of Common Stock
are not split or combined, as the case may be, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution, or split or combine the outstanding shares of
Common Stock, as the case may be, 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. 
 Section 10.07 Adjustment for Rights Issue. If, after the Issue Date of the Securities, the Company distributes any rights, options or
warrants to all holders of the Company’s Common Stock entitling them to purchase (for a period expiring within 60 days after the date of issuance) shares of Common Stock at a price per share less (or securities convertible into Common Stock
having a conversion 

  

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price per share of Common Stock less) than the average of the Closing Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on,
and including the Trading Day immediately preceding the Ex-Dividend Date for such distribution, the Conversion Rate shall be adjusted in accordance with the formula; provided, however, that the Conversion Rate will be readjusted to the
extent that such rights, options or warrants are not exercised prior to their expiration or are not distributed: 
 

 
 where: 
  

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

  

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

  

	O =	the number of shares of Common Stock outstanding at the Close of Business on the Trading Day immediately preceding the Ex-Dividend Date for such distribution;

  

	N =	the number of additional shares of Common Stock issuable pursuant to such rights, options or warrants; 

  

	P =	the per-share offering price payable to exercise such rights, options or warrants for the additional shares plus the per-share consideration (if any) the Company receives for such
rights, options or warrants; and 

  

	M =	the average of the Closing Sale Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend
Date with respect to the distribution. 

 Such adjustment shall be successively made whenever any such rights, options or
warrants are distributed and shall become effective immediately after the opening of business on the Ex-Dividend Date for such distribution. To the extent that shares of the Common Stock are not delivered after the expiration of such rights, options
or warrants, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights, options or warrants been made on the basis of delivery of only the number of shares
of Common Stock actually delivered. If such rights, options or warrants are not so issued, the Conversion Rate shall again be adjusted promptly to be the Conversion Rate that would then be in effect if such Ex-Dividend Date for such distribution had
not been fixed. 
 For purposes of this Section 10.07, in determining whether any rights, options or warrants entitle the holders to
subscribe for or purchase Common Stock at less than the average of the Closing Sale Prices of Common Stock for each Trading Day in the applicable 10 consecutive Trading Day period, there shall be taken into account any consideration received by the
Company for such rights, options or warrants and any amount payable on exercise thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors. 
  

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 Section 10.08 Adjustment for Other Distributions. If, after the Issue Date of the Securities,
the Company distributes to all or substantially all holders of its Common Stock any of its debt, securities, assets or any rights, warrants or options to purchase securities of the Company (including securities or cash, but excluding
(a) dividends or distributions (including subdivisions) referred to in Section 10.06 and distributions of rights, warrants or options referred to in Section 10.07, (b) dividends or other distributions paid exclusively in cash (to
which this Section 10.08 shall apply) and (c) any Spin-off to which the provisions set forth below in this Section 10.08 shall apply) (“Distributed Property”), the Conversion Rate shall be adjusted, subject to the
provisions of the last paragraph of this Section 10.08, in accordance with the formula: 
 

 
 where: 
  

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

  

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

  

	M =	the average of the Closing Sale Prices of Common Stock for the 10 consecutive Trading Day period ending on, and including, the Ex-Dividend Date for such distribution; and

  

	F =	the fair market value, as determined by the Board of Directors, of the portion of those assets, securities, rights, warrants or options to be distributed in respect of each share of
Common Stock immediately prior to the Open of Business on the Ex-Dividend Date for such distribution. 

 Such adjustment shall
become effective immediately prior to the Opening of Business on the Ex-Dividend Date for such distribution. Notwithstanding the foregoing, if “F” as set forth above is equal to or greater than “M” as set forth above, in lieu of
the foregoing adjustment, adequate provisions shall be made so that each Holder shall have the right to receive on conversion in respect of each $1,000 principal amount of the Securities held by such Holder, in addition to the number of shares of
Common Stock equal to the Conversion Rate, the amount and kind of Distributed Property such Holder would have received had such Holder owned a number of shares of Common Stock equal to the Conversion Rate immediately prior to the record date for
such distribution. If such distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. If the Board of Directors or a
committee thereof determines “F” for purposes of this Section 10.08 by reference to the actual or when issued trading market for any Securities, it must in doing so consider the prices in such market over the same period used in
computing the Closing Sale Prices of the Common Stock over the 10 consecutive Trading Day period ending on, and including, the Ex-Dividend Date for such distribution. 
 With respect to an adjustment pursuant to this Section 10.08 where there has been a payment of a dividend or other distribution on the Common Stock in shares of capital stock of any class or series, or similar
equity interest, of or relating to a Subsidiary or other business unit, where such capital stock or similar equity interest is listed or quoted (or will be listed or quoted upon consummation 

  

 50 

 
of the Spin-off) on a national securities exchange or reasonably comparable non-U.S. equivalent, which is referred to herein as a
“Spin-off,” the Conversion Rate will be increased based on the following formula: 
 

 
  

	R’ =	the Conversion Rate in effect immediately after the Open of Business on the effective date for the Spin-off; 

  

	R =	the Conversion Rate in effect immediately prior to the Open of Business on the effective date for the Spin-off; 

  

	F =	the average of the Closing Sale Prices of the capital stock or similar equity interest distributed to holders of the Common Stock applicable to one share of the Common Stock over
the first 10 consecutive Trading Day period immediately following, and including, the effective date for the Spin-off (such period, the “Valuation Period”); and 

  

	MP =	the average of the Closing Sale Prices of the Common Stock over the Valuation Period. 

 The adjustment to the Conversion Rate under the preceding paragraph of this Section 10.08 will be made immediately after the Open of Business on the day after the last day of the Valuation Period, but will be
given effect as of the Open of Business on the effective date for the Spin-off. For purposes of determining the Conversion Rate in respect of any conversion during the 10 Trading Days commencing on the effective date for any Spin-off, references
within the portion of this Section 10.08 related to “Spin-offs” to 10 consecutive Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the effective date for such Spin-off
to, but excluding, the relevant Conversion Date. 
 For purposes of this Section 10.08, in determining whether any rights, options or
warrants entitle the holders to subscribe for or purchase shares of the Common Stock at less than the average of the Closing Sale Prices of the Common Stock for each Trading Day in the applicable 10 consecutive Trading Day period, there shall be
taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the Board of
Directors. 
 If, prior to a Conversion Date, a record date for a Spin-off has been set but the relevant dividend or distribution has not yet
resulted in an adjustment to the Conversion Rate and a converting Holder is not entitled to participate in the dividend or distribution with respect to the shares of Common Stock such Holder receives upon conversion (whether because such Holder was
not a holder of such shares of Common Stock on the effective date for such dividend or distribution or otherwise), then as promptly as practicable following the Conversion Date, the Company will deliver to such Holder a number of additional shares
of Common Stock that reflects the increase to the Conversion Rate that resulted from the Spin-off. 
  

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 Section 10.09 Adjustment for Cash Distributions. If, after the Issue Date of the Securities,
the Company distributes to all or substantially all holders of its Common Stock any cash, the Conversion Rate shall be adjusted in accordance with the formula: 
 

 
  

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

  

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

  

	SP =	the average of the Closing Sale Prices of 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 

  

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

 The adjustment shall become effective immediately after the Open of Business on the Ex-Dividend Date with respect to the distribution. 
 Notwithstanding the foregoing, if “C” as set forth above is equal to or greater than “SP” as set forth above, in lieu of the foregoing adjustment, adequate provision shall be made so that each
Holder shall have the right to receive on the date on which the relevant cash dividend or distribution is distributed to Holders of Common Stock, for each $1,000 principal amount of Securities, the amount of cash such Holder would have received had
such Holder owned a number of shares equal to the Conversion Rate on the record date for such distribution. If such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion Rate that would
then be in effect if such dividend or distribution had not been declared. 
 Section 10.10 Adjustment for Company Tender Offer.
If, after the Issue Date of the Securities, the Company or any Subsidiary of the Company makes a payment to holders of the shares of Common Stock in respect of a tender or exchange offer, other than an odd-lot offer, by the Company or any of its
Subsidiaries for shares of 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 average of the Closing Sale Prices over the 10 consecutive Trading Day period
commencing on, and including the Trading Day following the last date on which tenders or exchanges may be made pursuant to such tender or exchange offer (the “Expiration Date”), the Conversion Rate shall be increased based on the
following formula: 
 

 
  

	R’ =	the Conversion Rate in effect immediately after the Open of Business on the Trading Day following the Expiration Date; 

  

	R =	the Conversion Rate in effect immediately prior to the Open of Business on the Trading Day following the Expiration Date; 

  

	F =	the fair market value, as determined by the Board of Directors (or a committee thereof), of the aggregate consideration payable in such tender or exchange offer (up to any maximum
amount specified in the terms of the tender or exchange offer) for all shares of Common Stock the Company or any Subsidiary of the Company purchases in such tender or exchange offer, such fair market value to be measured as of the expiration time of
the tender or exchange offer (the “Expiration Time”); 

  

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	OS =	the number of shares of Common Stock outstanding immediately prior to the Expiration Time (prior to giving effect to such tender offer or exchange offer); 

 

	OS’ =	the number of shares of Common Stock outstanding immediately after the Expiration Time (after giving effect to such tender offer or exchange offer); and 

  

	SP =	the average of the Closing Sale Prices of Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day following the Expiration Date.

 The adjustment to the Conversion Rate under the preceding paragraph of this Section 10.10 will be
made immediately after the Open of Business on the 11th Trading Day following the
Expiration Date but will be given effect at the Open of Business on the Trading Day following the Expiration Date. For purposes of determining the Conversion Rate, in respect of any conversion during the 10 Trading Days commencing on the Trading Day
following the Expiration Date, references within this Section 10.10 to 10 Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the Trading Day following the Expiration Time to, but
excluding, the relevant Conversion Date. 
 Section 10.11 When Adjustment May be Deferred. No adjustment in the Conversion Rate
need be made unless the adjustment would require an increase or decrease of at least 1% in the applicable Conversion Rate. Any adjustments that are not made because the adjustment does not change the applicable Conversion Rate by more than 1% (after
giving effect to an adjustment not previously made but carried forward pursuant to this sentence) shall be carried forward and taken into account in any subsequent adjustment. Notwithstanding the foregoing, all such carried forward adjustments shall
be made with respect to the affected Securities on any Conversion Date with respect to the Securities. 
 Section 10.12 When No
Adjustment Required. No adjustment need be made as a result of: 
 (a) the issuance of the rights pursuant to the Company’s adoption
of a stockholders rights plan that provides that each share of Common Stock issued upon conversion of the Securities at any time prior to the distribution of separate certificates representing rights will be entitled to receive the right (a
“Stockholder Rights Plan”); 
 (b) the distribution of separate certificates representing the rights under a Stockholder
Rights Plan; 
 (c) the exercise or redemption of the rights in accordance with any rights agreement under a Stockholder Rights Plan;

 (d) the termination or invalidation of the rights under a Stockholder Rights Plan; 
  

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 (e) 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 securities of the Company and the investment of additional optional amounts in Common Stock under any plan; 
 (f) 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; 
 (g) ordinary course of business stock repurchases, including structured or derivative transactions pursuant to
a stock repurchase program approved by the Board of Directors (but, for the avoidance of doubt, excluding transactions described in Section 10.10); 
 (h) any accrued and unpaid interest (including Additional Interest), Additional Payment or any Extension Fee; or 
 (i) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right, or exercisable, exchangeable or convertible security outstanding as of the date the Securities were first issued. 
 If any event described in Section 10.12(a) through (d) occurs, Holders will receive the rights upon conversion, unless, prior to any
conversion, the rights have separated from the Common Stock. If the rights have separated, the Conversion Rate will be adjusted at the time of separation as provided by this Indenture (subject to readjustment in the event of the expiration
termination or redemption of such rights). 
 Notwithstanding the foregoing, no adjustment need be made to the Conversion Rate pursuant to
Section 10.06, 10.07, 10.08, 10.09 or 10.10 if Holders participate (as a result of holding Securities, and at the same time as Common Stock holders participate), subject to notice of such participation to Holders, in the transaction that would
otherwise trigger the applicable adjustment, as if such Holders held a number of shares of Common Stock equal to the then applicable Conversion Rate, multiplied by the principal amount (expressed in thousands) of Securities held by such Holders,
without having to convert. No adjustment need be made if the Common Stock to be issued upon conversion will actually receive the consideration provided in, or be subject to, the transaction that would otherwise trigger the adjustment. 
 No adjustment need be made for a change in the par value or no par value of the shares of Common Stock. 
 Section 10.13 Notice of Adjustment. Whenever the Conversion Rate is adjusted, the Company shall promptly or within three Business Days mail
to Holders a notice of the adjustment. The Company shall file with the Trustee and the Conversion Agent such notice briefly stating the facts requiring the adjustment and the manner of computing it. The notice of adjustment shall be conclusive
evidence that the adjustment is correct. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such notice of adjustment except to exhibit the same to any Holder desiring inspection thereof.

  

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 Section 10.14 Voluntary Increase. From time to time, the Company may (but is not required to)
increase the Conversion Rate by any amount at any time for at least 20 Business Days, so long as the increase is irrevocable during such period. In addition, the Company may also (but is not required to) increase the Conversion Rate to avoid or
diminish any income tax to holders of Common Stock or rights to purchase Common Stock in connection with any dividend or distribution of shares (or rights to acquire shares) or similar event. Whenever the Conversion Rate is increased, the Company
shall mail to Holders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased
Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 10.06, 10.07, 10.08 or 10.09. 
 Section 10.15 Notice of Certain Transactions. If: 
 (a) the Company takes any action that would require an adjustment in the Conversion Rate pursuant to Section 10.06, 10.07, 10.08, 10.09 or 10.10 (unless no adjustment is to occur pursuant to Section 10.12);
or 
 (b) the Company takes any action that would require a supplemental indenture pursuant to Section 10.16; or 
 (c) there is a liquidation or dissolution of the Company, 
 then the Company shall mail to Holders and file with the Trustee and the Conversion Agent a notice stating the proposed record date for a dividend, distribution or subdivision or the proposed effective date of a combination,
reclassification, consolidation, merger, binding share exchange, transfer, liquidation or dissolution. The Company shall file and mail the notice at least 15 Scheduled Trading Days before such date. Failure to file or mail the notice or any defect
in it shall not affect the validity of the transaction. 
 Section 10.16 Effect of Reclassification, Consolidation, Merger or
Sale. Upon the occurrence of (i) any reclassification of the outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision
or combination covered by Section 10.06), (ii) any transaction involving the Company subject to Section 5.01 (other than a sale of all or substantially all of the assets of the Company in a transaction in which the holders of Common
Stock immediately prior to such transaction do not receive securities, cash or other assets of the Company or any other Person), (iii) a binding share exchange which reclassifies or changes the outstanding shares of Common Stock, or
(iv) any sale or conveyance of all or substantially all of the property and assets of the Company to any other Person, in each case as a result of which the holders of Common Stock shall be entitled to receive cash, securities or other property
or assets with respect to or in exchange for such Common Stock (any such event, a “Merger Event”), then: 
 (a) the Company
or the successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture if such
supplemental indenture is then required to so comply) and which shall provide that Holders shall be entitled thereafter to convert their Securities into the type and amount of shares of stock, other securities or other property or assets (including
cash or any combination thereof) that a holder of a number of shares of our Common Stock equal to the Conversion Rate immediately prior to such Merger Event would have owned or been entitled to receive (the “Reference Property”)
upon such Merger Event. 
  

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 (b) In the event the Company shall execute a supplemental indenture pursuant to this Section 10.16,
the Company shall promptly file with the Trustee an Officers’ Certificate briefly describing the Merger Event and stating the type or amount of cash, securities, property or other assets that will comprise the Reference Property after any such
Merger Event, any adjustment to be made with respect thereto and that all conditions precedent to such Merger Event under this Indenture have been complied with. Promptly, following the effective time of any such Merger Event, the Company shall
issue a press release describing the type or amount of cash, securities, property or other assets that will comprise the Reference Property after any such Merger Event (and shall make the press release available on its website). Any failure to
deliver such Officers’ Certificate or issue such press release shall not affect the legality or validity of such supplemental indenture. 
 (c) With respect to each $1,000 principal amount of Securities surrendered for conversion after the effective date of any such Merger Event in lieu of shares of Common Stock otherwise provided for hereunder, the Company shall deliver to the
converting Holder a number of units of Reference Property (each such unit comprising the kind and amount of shares of stock, securities or other property or assets (including cash or any combination thereof) that a holder of one share of Common
Stock immediately prior to such Merger Event would have owned or been entitled to receive based on the Weighted Average Consideration) equal to (1) the aggregate principal amount of Securities to be converted, divided by $1,000, multiplied by
(2) the then-applicable Conversion Rate; 
 (A) The Company will deliver the cash in lieu of fractional units of Reference Property as
set forth pursuant to Section 10.03 (provided that the amount of such cash shall be determined as if references in such Section to “the Closing Sale Price of a full share of Common Stock” were instead a reference to “the
fair market value of a unit of Reference Property” composed of the type and amount of shares of stock, securities or other property or assets (including cash or any combination thereof) that a holder of one share of Common Stock immediately
prior to such Merger Event would have owned or been entitled to receive based on the Weighted Average Consideration). 
 (B) For purposes of
this Section 10.16 , the “Weighted Average Consideration” means the weighted average of the types and amounts of consideration received by the holder of the Common Stock entitled to receive cash, securities or other property or
assets with respect to or in exchange for such Common Stock in any Merger Event who affirmatively make such an election. 
 (C) The Company
shall notify the Holders and the Trustee of the Weighted Average Consideration as soon as practicable after the Weighted Average Consideration is determined. 
 (d) The above provisions of this Section shall similarly apply to successive Merger Events. In the event that Securities become convertible into Reference Property pursuant to this Section 10.16, the Company
shall notify the Trustee and issue a press release containing the relevant information and make such press release available on the Company’s website. 
  

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 Section 10.17 Company Determination Final. Any determination and/or calculation that the
Company or the Board of Directors must make pursuant to Sections 4.02, 10.03, 10.06, 10.07, 10.08, 10.09, 10.10, 10.11, 10.12 or 10.16 is conclusive, absent manifest error. 
 Section 10.18 Trustee’s Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article 10 should be
made, how it should be made or what it should be. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of Securities. The Trustee shall not be responsible
for the Company’s failure to comply with this Article 10. Each Conversion Agent shall have the same protection under this Section 10.18 as the Trustee. 
 Section 10.19 Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Rate under more than one of Sections 10.06, 10.07, 10.08 or 10.09, and the Ex-Dividend Dates
(or, in the case of a Spin-off, the effective date of such a Spin-off) for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06,
second, the provisions of Section 10.08, third, the provisions of Section 10.09 and, fourth, the provisions of Section 10.07. 
 Section 10.20 Successive Adjustments. After an adjustment to the Conversion Rate under this Article 10, any subsequent event requiring an adjustment under this Article 10 shall cause an adjustment to the Conversion Rate as so
adjusted. 
 Section 10.21 Limitation on Adjustments. The Company shall not take any action that would result in an adjustment
pursuant to the foregoing provisions in this Article 10 if that adjustment would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the Securities. In no event will the Conversion Rate be
decreased other than as a result of a transaction described in Section 10.06(b). 
 Section 10.22 Adjustment
to Conversion Rate Upon Certain Transactions. If, after the Issue Date, a Fundamental Change pursuant to Paragraphs (i), (ii), (iii) or (iv) of the definition of Fundamental Change set forth in Section 3.02, which, with respect to
any event described in Paragraph (ii) of the definition of Fundamental Change, shall be determined without regard to the exception provided by the Section 3.02(a)(ii)(B) (any such event, a “Make Whole Adjustment Event”)
occurs, and if a Holder elects to convert its Securities in connection with such Make Whole Adjustment Event (any conversion during the period begging with, and including, the Make Whole Adjustment Event Effective Date to, and including, the second
Scheduled Trading Day immediately preceding the Fundamental Change Repurchase Date or, if there is no Fundamental Change Repurchase Date, the 35th Scheduled Trading Day immediately following the Effective Date, as the same may be, will be deemed to be “in connection
with” such Make Whole Adjustment Event, regardless of any other condition to conversion), the Company will increase the Applicable Conversion Rate for the Securities surrendered for conversion by a number of additional shares of Common Stock
(the “Additional Shares”), as described in this Section 10.23. 
  

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 The Company shall mail Holders and the Trustee, not later than the Make Whole Adjustment Event Effective
Date (as defined below) of such Make Whole Adjustment Event, a notice describing the Make Whole Adjustment Event and the Holders’ rights to Additional Shares. The Company shall also issue a press release and make the press release available on
its website as soon as practicable after it first determines the anticipated Make Whole Adjustment Event Effective Date. 
 The number of
Additional Shares will be determined by reference to the table below and is based on the date on which such Make Whole Adjustment Event transaction occurs or becomes effective (the “Make Whole Adjustment Event Effective Date”) and
the price (the “Share Price”) paid per share of Common Stock in such Make Whole Adjustment Event. If the holders of Common Stock receive only cash in the Make Whole Adjustment Event described in Section 3.02(a)(ii), the Share
Price shall be the cash amount paid per share of Common Stock. Otherwise, the Share Price shall be the average of the Closing Sale Prices of the Common Stock on the ten consecutive Trading Days up to but excluding the Make Whole Adjustment Event
Effective Date. 
 The table below sets forth the Share Price paid per share for Common Stock in the Make Whole Adjustment Event and the
number of Additional Shares per $1,000 principal amount of the Securities by which the Conversion Rate will be increased. The Share Prices set forth in the Share Price column of the table will be adjusted as of any date on which the Conversion Rate
is adjusted. The adjusted Share Prices will equal the Share Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the applicable Conversion Rate immediately prior to the adjustment giving rise to
the Share Price adjustment and the denominator of which is the applicable Conversion Rate as so adjusted. 
 Stock Price 
  

																											
	 Effective Date
	  	$4.19	  	$4.50	  	$4.75	  	$5.00	  	$5.50	  	$6.00	  	$7.00	  	$8.50	  	$10.00	  	$15.00	  	$20.00	  	$25.00	  	$50.00
	 July 2, 2009
	  	39.7772	  	39.7772	  	39.4411	  	36.8905	  	32.7241	  	29.4209	  	24.4108	  	19.2132	  	15.5941	  	8.7658	  	5.3628	  	3.3546	  	0.1271
	 July 15, 2010
	  	39.7772	  	36.0328	  	33.2329	  	30.9121	  	27.2523	  	24.4421	  	20.2681	  	15.9782	  	12.9946	  	7.3639	  	4.5512	  	2.8761	  	0.0987
	 July 15, 2011
	  	39.7772	  	29.9845	  	27.1789	  	24.9725	  	21.7156	  	19.3717	  	16.0359	  	12.6655	  	10.3250	  	5.9071	  	3.6984	  	2.3755	  	0.0757
	 July 15, 2012
	  	39.7772	  	24.3522	  	21.1073	  	18.7617	  	15.7151	  	13.8241	  	11.3929	  	9.0188	  	7.3719	  	4.2622	  	2.7073	  	1.7745	  	0.0545
	 July 15, 2013
	  	39.7772	  	23.8500	  	15.1643	  	12.0475	  	8.8474	  	7.4791	  	6.1289	  	4.8692	  	3.9917	  	2.3343	  	1.5056	  	1.0084	  	0.0370
	 July 15, 2014
	  	39.7772	  	23.3360	  	11.6401	  	1.1138	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000

 If the exact Share Prices and Make Whole Adjustment Event Effective Dates are not set forth in the
table, then: (i) if the Share Price is between two Share Price amounts in the table or the Make Whole Adjustment Event Effective Date is between two dates in the table, the Additional Shares issued upon conversion of the Securities will be
determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Share Price amounts and the two Make Whole Adjustment Event Effective Dates in the table, based on a 365-day year; (ii) if
the Share Price exceeds $50.00 per share, subject to adjustment as set forth herein, no Additional Shares will be issued upon conversion of the Securities; and (iii) if the Share Price is less than $4.19 per share, subject to adjustment as set
forth herein, no Additional Shares will be issued upon conversion of the Securities. 
  

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 Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable upon
conversion exceed 238.6634 shares for each $1,000 principal amount of Securities, subject to adjustments in the same manner as the Conversion Rate pursuant to Article 10. 
 The Company will settle conversions of Securities converted in connection with a Make Whole Adjustment Event as provided in Section 4.01;
provided, however that in connection with a Make Whole Adjustment Event in which holders of Common Stock receive only cash consideration for their shares of Common Stock (in a single per-share amount, other than with respect to
appraisal and similar rights), the Company shall settle conversions by delivering, on the tenth Business Day after the Conversion Date, for each $1,000 principal amount of Securities, an amount of cash equal to (i) the applicable Conversion
Rate on the Conversion Date, increased by Additional Shares, if any, calculated as set forth in this Section 10.23, multiplied by (ii) the per-share amount of cash consideration paid in such Make Whole Adjustment Event. 
 ARTICLE 11 
 PAYMENT OF INTEREST

 Section 11.01 Payment of Interest. 
 (a) The Company shall pay interest on the Securities at a rate of 5 1/2% per annum, payable semi-annually in arrears on January 15 and July 15 of each year (each, an “Interest Payment Date”) or, if any such day
is not a Business Day, the immediately following Business Day, commencing January 15, 2010. Interest on a Security shall be paid to the Holder of such Security at the Close of Business on January 1 or July 1 (each, a “Record
Date”), as the case may be, next preceding the related Interest Payment Date, and shall be computed on the basis of a 360-day year comprised of twelve 30-day months. In the event of the maturity, conversion, or purchase of a Security by the
Company at the option of the Holder, interest shall cease to accrue on such Security. 
 (b) Upon conversion of a Security, (i) a
Holder shall not receive any cash payment of interest (unless such conversion occurs between a Record Date and the Interest Payment Date to which it relates, in which case a Holder on the Record Date will receive on the Interest Payment Date accrued
and unpaid interest) and the Conversion Rate shall not be adjusted to account for accrued and unpaid interest and (ii) except as set forth in clause (c) below, the Company’s delivery to a holder of shares of Common Stock into which
the Security is convertible shall be deemed to satisfy its obligation with respect to such Security, and any accrued but unpaid interest shall be deemed to be paid in full upon conversion, rather than cancelled, extinguished or forfeited.

 (c) Securities surrendered for conversion by a Holder after the Close of Business on any Record Date but prior to the next Interest
Payment Date, must be accompanied by payment of an amount equal to the interest that the Holder is to receive on the next Interest Payment Date for the Securities; provided, however, that no such payment need be made (1) if the
Company has specified a 

  

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Fundamental Change Repurchase Date that is after a Record Date and on or prior to the next Interest Payment Date; (2) to the extent of overdue interest,
if any overdue interest exists at the time of conversion with respect to such Securities; or (3) if the Securities are surrendered for conversion after the Close of Business on the Record Date for the payment of interest on the Securities at
Maturity. 
 Section 11.02 Defaulted Interest. Any installment of interest that is payable, but is not punctually paid or duly
provided for on any Interest Payment Date (“Defaulted Interest”), shall forthwith cease to be payable to the Holders in whose names the Securities were registered on the Record Date applicable to such installment of interest.
Defaulted Interest (including any interest on such Defaulted Interest) may be paid by the Company, at its election, as provided in this Section 11.02 (a) or (b). 
 (a) The Company may elect to make payment of any Defaulted Interest (including any interest on such Defaulted Interest) to the Holders in whose names the
Securities are registered at the Close of Business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which shall be fixed in the following manner. The Company shall notify the
Trustee in writing of the amount of Defaulted Interest proposed to be paid and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in
respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Holders entitled to such
Defaulted Interest as provided in this Section 11.02(a). Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than 15 calendar days and not less than ten calendar days prior
to the date of the proposed payment and not less than ten calendar days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the
expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be sent, first-class mail, postage prepaid, to each Holder at such Holder’s address as it appears in the
registration books of the Registrar, not less than ten calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Holders in whose names the Securities are registered at the Close of Business on such Special Record Date and shall no longer be payable pursuant to Section 11.02(b). 
 (b) Alternatively, the Company may make payment of any Defaulted Interest (including any interest on such Defaulted Interest) in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange if, after notice given by the Company to the Trustee of the proposed payment pursuant
to this Section 11.02(b), such manner of payment shall be deemed practicable by the Trustee. 
 Section 11.03 Interest Rights
Preserved. Subject to the foregoing provisions of this Article 11 and Section 2.06, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to
interest accrued and unpaid, and to accrue, which were carried by such other Security. 
  

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 ARTICLE 12 
 SUBORDINATION 
 Section 12.01 Agreement to Subordinate. The Company agrees, and each
Holder of a Security agrees that payment of principal, accrued and unpaid interest (including Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium on the Securities
will be subordinated to the extent and manner provided in this Article 12 to the prior payment in full of all Senior Debt of the Company, including Senior Debt incurred after the date of this Indenture. 
 Section 12.02 Liquidation; Dissolution; Bankruptcy. Upon any distribution to creditors of the Company in a liquidation or dissolution of the
Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property, in an assignment for the benefit of creditors or any marshaling of the Company’s assets and liabilities, holders
of Senior Debt will be entitled to receive payment in full of all obligations due in respect of such Senior Debt (including interest after the commencement of any bankruptcy proceeding at the rate specified in the applicable Senior Debt) before the
Holders will be entitled to receive any payment with respect to the Securities. 
 Section 12.03 Default on Designated Senior
Debt. 
 (a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of the Securities if:

 (i) payment default on Designated Senior Debt occurs and is continuing beyond any applicable grace period in the agreement,
indenture or other document governing such Designated Senior Debt; or 
 (ii) any other default occurs and is continuing on
any series of Designated Senior Debt that permits holders of that series of Designated Senior Debt to accelerate its maturity and the Trustee receives a notice of such default (a “Payment Blockage Notice”) from the Company or the
holders of any Designated Senior Debt. 
 (b) The Company may and will resume payments on the Securities upon the earlier of: 
 (i) in the case of a payment default, upon the date on which such default is cured or waived; or 
 (ii) in the case of a default other than a payment default, upon the earlier of the date on which such default other than a payment
default is cured or waived or 179 days after the date on which the applicable Payment Blockage Notice is received, unless the maturity of any Designated Senior Debt has been accelerated if this Article 12 otherwise permits the payment or
distribution at the time of such payment or distribution. 
  

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 (c) No new Payment Blockage Notice may be delivered unless and until: 
 (i) 360 days have elapsed since the delivery of the immediately prior Payment Blockage Notice; and 
 (ii) all scheduled payments of principal, accrued and unpaid interest (including Additional Interest), if any, and any Additional Payment,
Extension Fee, payment of the Fundamental Change Repurchase Price or premium that have come due have been paid in full in cash. 
 (d) No
default other than a payment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee will be, or be made, the basis for a subsequent Payment Blockage Notice. 
 Section 12.04 When Distributions Must be Paid Over. If the Trustee or any Holder receives a payment in respect of the Securities when:

 (1) the payment is prohibited by these subordination provisions; and 
 (2) the Trustee or the Holder has actual knowledge that the payment is prohibited, 
 the Trustee or the Holder, as the case may be, will hold the payment in trust for the benefit of the holder of Senior Debt. Upon the proper written request of the holder of Senior Debt, the Trustee or the Holder, as
the case may be, will deliver the amounts in trust to the holder of Senior Debt or their proper representative. 
 Section 12.05
Acceleration of the Securities. The Company must promptly notify holder of Senior Debt if payment on the Securities is accelerated because of an Event of Default. 
 Section 12.06 Certain Definitions. For the purposes of this Article 12: 
 (a)
“Designated Senior Debt” means: 
 (i) any Indebtedness outstanding under the Credit Agreement; and

 (ii) after payment in full of all obligations under the Credit Agreement, any other Senior Debt the principal amount of
which is $25.0 million or more and that has been designated by the Company as “Designated Senior Debt.” 
 (b) “Credit
Agreement” means that certain Credit Agreement, dated as of the date of this Indenture, by and among Alliance One, as borrower, Intabex Netherlands B.V., as the Dutch borrower, the guarantors party thereto, Deutsche Bank Trust Company
Americas, as administrative agent, and the other lenders party thereto, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith and, in each case, as amended, restated, modified,
renewed, refunded, replaced in any manner (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time. 
  

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 (c) “Senior Debt” means all Indebtedness of the Company unless the instrument under
which such Indebtedness is incurred expressly provides that it is on a parity with or subordinated in right of payment to the Securities and all obligations with respect to such Indebtedness. 
 Notwithstanding anything to the contrary in the preceding, Senior Debt will not include: 
 (i) any liability for federal, state, local or other taxes owed or owing by the Company; 
 (ii) any intercompany Indebtedness of the Company or any of its Subsidiaries to the Company or any of its affiliates; 
 (iii) any trade payables; or 
 (iv) Indebtedness which is classified as non-recourse in accordance with GAAP or any unsecured claim arising in respect thereof by reason of the application of Section 1111(b)(1) of the Bankruptcy Code.

 ARTICLE 13 
 MISCELLANEOUS 
 Section 13.01 Trust Indenture Act Controls. If any provision of this Indenture limits,
qualifies, or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control. 
 Section 13.02 Notices. Any request, demand, authorization, notice, waiver, consent or communication shall be in writing and delivered in Person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted
by facsimile transmission (confirmed by guaranteed overnight courier) to the following facsimile numbers: 
 if to the Company: 

Alliance One International 
 8001 Aerial
Center Parkway 
 Morrisville, North Carolina 27560-8417 
 Facsimile: (919) 379-4131 
 Attention of: Joel Thomas, Vice President - Treasurer 
 if to the Trustee: 
 Law Debenture Trust
Company of New York 
 400 Madison Avenue 
 New York, New York 
 Facsimile: (212) 750-1361 
 Attention: James Heaney 
  

 63 

 if to Registrar, Paying Agent or Conversion Agent: 
 Deutsche Bank Trust Company Americas 
 60
Wall Street - 27th Floor 
 MS: NYC60-2710 
 New York, NY 10005 
 Facsimile: (732) 578-4635 
 Attention: Trust and Securities Services 
 with a copy to: 
 Deutsche Bank National Trust Company 
 25 DeForest Avenue 
 Mail Stop: SUM01-0105

 Summit, New Jersey 07901 
 Facsimile: (732) 578-4635 
 Attention: Trust & Securities Services 
 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. 
 Any notice or communication given to a Holder shall 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 shall be deemed given on the date of such mailing. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly
given, whether or not received by the addressee. 
 If the Company mails a notice or communication to the Holders, it shall mail a copy to
the Trustee and each Registrar, Paying Agent, Conversion Agent or co-registrar. 
 Section 13.03 Communication by Holders with Other
Holders. Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar, the Paying Agent, the Conversion Agent and
anyone else shall have the protection of TIA Section 312(c). 
 Section 13.04 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 (except for application for the authentication of Securities pursuant to Section 2.02), the Company shall 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 
  

 64 

 (b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
relating to the proposed action (to the extent of legal conclusions) have been complied with. 
 Section 13.05 Statements Required in
Certificate or Opinion. Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a covenant or condition provided for in this Indenture shall 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 as 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 13.06 Separability Clause. In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 13.07 Rules by Trustee, Paying Agent, Conversion Agent, and Registrar. The Trustee may make reasonable rules for action by or a meeting of Holders. The Registrar, the Conversion Agent and the Paying Agent may make
reasonable rules for their functions. 
 Section 13.08 Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday
or a day on which banking institutions are not required to be open in the State of New York. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest (including
Additional Interest) shall accrue for the intervening period. If a Record Date is a Legal Holiday, the Record Date shall not be affected. 
 Section 13.09 Governing Law. THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW
TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 Section 13.10 No Recourse
Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. By accepting a Security, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities. 
  

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 Section 13.11 Successors. All agreements of the Company, the Trustee, the Registrar, the
Paying Agent and the Conversion Agent in this Indenture and the Securities shall bind their respective successors. 
 Section 13.12
Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 
 Section 13.13 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 shall not modify or restrict any of the terms or provisions hereof. 
 Section 13.14 USA Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Paying Agent, like all financial institutions and in order to help fight
the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with Deutsche Bank Trust Company Americas. The
parties to this Agreement agree that they will provide the Paying Agent with such information as it may request in order for the Agent to satisfy the requirements of the USA Patriot Act. 
 Section 13.15 Force Majeure. The Paying Agent shall not incur any liability for not performing any act or fulfilling any duty, obligation or
responsibility hereunder by reason of any occurrence beyond the control of the Paying Agent (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest,
local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 
 Section 13.16 Submission to Jurisdiction. The Company (i) agrees that any suit, action or proceeding against it arising out of or
relating to this Indenture or the Securities, as the case may be, may be instituted in any federal court sitting in The City of New York; (ii) 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 (iii) submits to the non-exclusive jurisdiction of
such courts in any suit, action or proceeding. 
  

 66 

 IN WITNESS WHEREOF, the undersigned, being duly authorized, has executed this Indenture as of the date
first above written. 
  

			
	ALLIANCE ONE INTERNATIONAL, INC.
		
	By:	 	 /s/    Robert A. Sheets

	Name:	 	Robert A. Sheets
	Title:	 	Executive Vice President – Chief Financial Officer
	
	LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee
		
	By:	 	 /s/    James D. Heaney

	Name:	 	James D. Heaney
	Title:	 	Managing Director
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent, Registrar and Conversion Agent
		
	By:	 	 /s/    Wanda Camacho

	Name:	 	Wanda Camacho
	Title:	 	Vice President
		
	By:	 	 /s/    Annie Jaghatspanyan

	Name:	 	Annie Jaghatspanyan
	Title:	 	

  

 67 

 FORM OF SECURITY 
 [FORM OF FACE OF SECURITY] 
 [Include the following legend for Global Securities only (the
“Global Securities Legend”):] 
 THIS IS A GLOBAL SECURITY 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 CONVERTIBLE NOTE FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER 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 SECURITY SHALL BE LIMITED TO TRANSFERS TO NOMINEES OF THE
DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE TWO OF THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF. 
 [Include the following legend on all Securities that are Restricted Securities (the “Restricted
Securities Legend”):] 
 THE SALE OF THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, THIS SECURITY MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER AGREES (1) THAT IT WILL NOT OFFER, RESELL, PLEDGE OR
OTHERWISE TRANSFER THE NOTES EVIDENCED HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH NOTES, EXCEPT (A) TO THE COMPANY; (B) UNDER A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO
A PERSON THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER 

  

 A-1 

 
(AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO
WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, ALL IN COMPLIANCE WITH RULE 144A (IF AVAILABLE); OR (D) UNDER AY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND
(2) THAT IT WILL, PRIOR TO ANY TRANSFER OF THIS NOTE PURSUANT TO THE FOREGOING CLAUSE (D), FURNISH TO THE TRUSTEE AND THE COMPANY SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY 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. IN ANY EVENT, NO AFFILIATE OF THE COMPANY MAY RESELL THIS NOTE OTHER THAN IN CONFORMITY WITH RULE 144
BEFORE ONE YEAR AFTER THE LAST DATE OF ORIGINAL ISSUANCE OF NOTES (INCLUDING ADDITIONAL NOTES ISSUED PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’ OPTION TO PURCHASE ADDITIONAL NOTES). THE RESTRICTIONS SET FORTH IN THIS LEGEND SHALL CEASE
TO HAVE EFFECT ONE YEAR AFTER THE LAST DATE OF ORIGINAL ISSUANCE OF NOTES (INCLUDING ADDITIONAL NOTES ISSUED PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’ OPTION TO PURCHASE ADDITIONAL NOTES). 
 THIS SECURITY, ANY SHARES OF COMMON STOCK ISSUABLE UPON ITS CONVERSION AND ANY RELATED DOCUMENTATION MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO
MODIFY THE RESTRICTIONS ON RESALES AND OTHER TRANSFERS OF THIS SECURITY AND ANY SUCH SHARES TO REFLECT ANY CHANGE IN APPLICABLE LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO THE RESALE OR TRANSFER OF RESTRICTED
SECURITIES GENERALLY. THE HOLDER OF THIS SECURITY AND SUCH SHARES SHALL BE DEEMED BY THE ACCEPTANCE OF THIS SECURITY AND ANY SUCH SHARES TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT. 
  

 A-2 

 No. [            ] 
 CUSIP: 018772AK9 
 ISIN: US018772AK95 
 Principal Amount $[            ] 
 as revised by the Schedule of Increases 
 and Decreases in the Global Security attached
hereto 
 Alliance One International 
 5 1/2% Convertible Senior Subordinated Notes due 2014 
 Alliance One International, a Virginia corporation, promises to pay to [            ]
[include “Cede & Co.” for Global Security] or registered assigns, the principal amount of $100,000,000 on July 15, 2014 (the “Maturity Date”). 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates: January 1 and July 1. 
 Additional provisions of this Security are set forth on the
other side of this Security. 
  

							
	Dated:	 		 	ALLIANCE ONE INTERNATIONAL
				
		 		 	By:	 	  

		 		 	Name:	 	Robert A. Sheets
		 		 	Title:	 	Executive Vice President – Chief Financial Officer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

  

			
	By	 	  

	Authorized Signatory
	
	Dated:

  

 A-3 

 [FORM OF REVERSE OF SECURITY] 
 5 1/2 % Convertible Senior Subordinated Notes due 2014

 1. Interest 
 This
Security shall bear cash interest at the rate of 5 1/2% per annum. Interest on this Security shall accrue from July 2,
2009 (the “Issue Date”) or from the most recent date to which interest has been paid or provided for. Interest shall be payable semiannually in arrears on January 15 and July 15 of each year, beginning on January 15,
2010, to the holder of record of Securities at the Close of Business on the January 1 or July 1 immediately preceding such Interest Payment Date (or repurchase, redemption or Maturity Date, as applicable). Each payment of cash interest on
this Security shall include interest accrued for the period commencing on and including the immediately preceding Interest Payment Date (or, if none, the Issue Date) through the day before the applicable Interest Payment Date, Fundamental Change
Repurchase Date or Maturity Date, as applicable. Any payment required to be made on any day that is not a Business Day shall be made on the next succeeding Business Day and no interest or other amount will be paid as a result of any such
postponement. Interest shall be calculated using a 360-day year composed of twelve 30-day months. Interest shall cease to accrue on this Security upon its Maturity Date, conversion or repurchase by the Company, including a repurchase at the option
of the Holder upon a Fundamental Change in accordance with Paragraph 5 hereof. 
 Interest on Securities converted after a Record
Date, but prior to the corresponding Interest Payment Date, will be paid to the Holder of the Securities on the Record Date, but upon such conversion, the Holder must pay the Company the interest which has accrued and will be paid by the Company on
such Interest Payment Date. No such payment need be made (1) if the Company has specified a Fundamental Change Repurchase Date that is after a Record Date and on or prior to the next Interest Payment Date or (2) to the extent of overdue
interest, if any overdue interest exists at the time of conversion with respect to such Securities; and (3) if such Securities are surrendered for conversion after the Close of Business on the Record Date for the payment of interest on the
Securities at Maturity. 
 2. Method of Payment. 
 The Company
shall promptly make all payments in respect of the Securities on the dates and in the manner provided herein and in the Indenture. The Company will pay interest (except Defaulted Interest) on the principal amount of the Securities on each
January 15 and July 15 to the Persons who are registered Holders of Securities at the Close of Business on the January 1 and July 1 next preceding the Interest Payment Date even if Securities are canceled or repurchased after
such Record Date and on or before the Interest Payment Date. Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will pay principal, accrued and unpaid interest (including Additional Interest), if any, and
any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium in money of the United States that at the time of payment is legal tender for payment of public and private debts. The Company will make all
payments in respect of a Global Security registered in the name of the Depositary or its nominee to the Depositary or its nominee, as the case may be, by wire transfer of immediately available funds 

  

 A-4 

 
to the account specified by such Holder. The Company will make all payments in respect of a Certificated Security (including principal and interest) in U.S.
dollars at the office of the Trustee. At the Company’s option, the Company may make such payments by mailing a check to the registered address of each Holder thereof as such address shall appear on the register or, if requested by a Holder of
more than $1,000,000 in aggregate principal amount of Securities, by wire transfer of immediately available funds to the account specified by such Holder. If an Interest Payment Date is a date other than a Business Day, payment may be made at that
place on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period. 
 3. Paying Agent, Conversion Agent and
Registrar. 
 Initially, Law Debenture Trust Company of New York will act as Trustee and Deutsche Bank Trust Company Americas will act as
Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent or Registrar without notice, other than notice to the Trustee; provided that the Company will maintain at least one Paying
Agent in the United States of America, which shall initially be an office or agency of the Trustee. The Company or any of its Subsidiaries or any of their affiliates may act as Paying Agent, Conversion Agent or Registrar. 
 4. Indenture. 
 The Company issued the Securities under an
Indenture dated as of July 2, 2009 (the “Indenture”), between the Company and the Trustee and Deutsche Bank Trust Company Americas. The terms of the Securities include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as in effect from time to time (the “TIA”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Securities are
subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of those terms. 
 The Securities are
general unsecured and unsubordinated obligations of the Company limited to an aggregate principal amount of not more than $115,000,000. The Indenture does not limit other indebtedness of the Company, secured or unsecured. 
 5. Purchase By the Company at the Option of the Holder upon a Fundamental Change. 
 (a) At the option of the Holder, and subject to the terms and conditions of the Indenture, if a Fundamental Change occurs, each Holder of Securities will have the right, at its option, to require the Company to
repurchase for cash all of its Securities, or any portion of the principal amount thereof that is equal to $1,000 or an integral multiple of $1,000, at a Fundamental Change Repurchase Price equal to 100% of the principal amount of Securities to be
repurchased plus accrued and unpaid interest (including Additional Interest), if any, to (but excluding) the Fundamental Change Repurchase Date. To exercise the repurchase right, the Holder must deliver, on or before the Close of Business on the
Scheduled Trading Day immediately preceding the Fundamental Change Repurchase Date, written notice to the Trustee of such Holder’s exercise of its repurchase right, together with the Securities with respect to which the right is being
exercised. Subject to such Holder’s satisfaction of certain requirements in the Indenture, the Company is required to repurchase the Securities on the date that is no fewer than 20 Business Days and no more than 45 Business Days after the date
of the Fundamental Change Notice delivered by the Company. 
  

 A-5 

 (b) Holders have the right to withdraw any Fundamental Change Repurchase Notice delivered pursuant to
Paragraph 5(a) above by delivering to the Paying Agent a written notice of withdrawal in accordance with the provisions of the Indenture at any time prior to the Close of Business on the last day prior to the Fundamental Change Repurchase Date. If
cash sufficient to pay the Fundamental Change Repurchase Price of all Securities or portions thereof to be repurchased as of the Fundamental Change Repurchase Date is deposited with the Paying Agent on the Fundamental Change Repurchase Date,
interest will cease to accrue on such Securities (or portions thereof) immediately after such Fundamental Change Repurchase Date, and the Holder thereof shall have no other rights as such other than the right to receive the Fundamental Change
Repurchase Price upon surrender of such Security. 
 6. Conversion. 
 (a) Holders may surrender Securities, in integral multiples of $1,000 principal amount, for conversion into shares of Common Stock until the second Scheduled Trading Day immediately preceding the Maturity Date.

 (b) The initial Conversion Rate is 198.8862 shares of Common Stock per $1,000 principal amount, subject to adjustment in certain events
described in the Indenture. Upon conversion, a Holder will receive, for each $1,000 principal amount of Securities surrendered, a number of shares of Common Stock equal to (i) $1,000 multiplied by (ii) the applicable Conversion Rate in
effect on the relevant Conversion Date; provided, however, that for any conversion that occurs on or after the record date for the payment of interest on the Securities at maturity, the Company will deliver such shares on the Maturity
Date. Notwithstanding the foregoing, the Company will not deliver any fractional shares upon conversion; instead, Holders will receive cash in lieu of fractional shares based on the Closing Sale Price of the Common Stock on the Conversion Date (or,
if the Conversion Date is not a Trading Day, the next following Trading Day). 
 (c) To surrender a Security for conversion, a Holder must
(1) complete and manually sign the irrevocable conversion notice below (or complete and manually sign a facsimile of such notice) and deliver such notice to the Conversion Agent; (2) surrender the Security to the Conversion Agent;
(3) furnish appropriate endorsements and transfer documents; and (4) pay any transfer or similar tax, if required. 
 (d) A Holder
may convert a portion of a Security if the principal amount of such portion is $1,000 or an integral multiple of $1,000. No payment or adjustment will be made for dividends on the shares of Common Stock, except as provided in the Indenture. Except
as provided in Paragraph 1 hereof, on conversion of a Security, the Holder will not receive any cash payment representing accrued and unpaid interest with respect to the converted Securities. Instead, upon conversion the Company will deliver to the
Holder shares of Common Stock and any cash payment to account for fractional shares. Accrued and unpaid interest will be deemed paid in full rather than cancelled, extinguished or forfeited. The Company will not adjust the Conversion Rate to account
for accrued and unpaid interest. 
  

 A-6 

 7. Subordination. 
 The payment of principal, accrued and unpaid interest (including Additional Interest), if any, and any Additional Payment, Extension Fee, payment of the Fundamental Change Repurchase Price or premium on the Securities will be subordinated
to the prior payment in full of all Senior Debt of the Company, including Senior Debt incurred after the date of the Indenture, as set forth in Article 12 of the Indenture. 
 8. Denominations; Transfer; Exchange. 
 The Securities are in fully registered form, without coupons, in
denominations of $1,000 of principal amount and integral multiples of $1,000. A Holder may transfer or exchange Securities 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 Securities in respect of which a Fundamental Change Repurchase Notice has been given and not
withdrawn (except, in the case of a Security to be repurchased in part, the portion of the Security not to be repurchased). 
 9. Persons Deemed Owners.

 The registered Holder of this Security may be treated as the owner of this Security for all purposes. 
 10. Unclaimed Money or Securities. 
 The Trustee and the
Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains 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. 
 11. Trustee Dealings with the Company. 
 Subject to certain
limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities 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 Trustee. 
  

 A-7 

 12. Calculations in Respect of Securities. 
 The Company will be responsible for making all calculations called for under the Securities. These calculations include, but are not limited to, determinations of the market prices of the Securities and the Common
Stock and any accrued interest payable on the Securities. 
 The Company will make these calculations in good faith and, absent manifest
error, the calculations will be final and binding on Holders of the Securities. The Company will provide to the Trustee a schedule of its calculations, and the Trustee is entitled to rely upon the accuracy of such calculations without independent
verification. The Trustee will forward the Company’s calculations to any Holder of the Securities upon the request of such Holder. 
 13. No Recourse
Against Others. 
 A director, officer, employee or shareholder, as such, of the Company shall not have any liability for any obligations of
the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities. 
 14. Authentication. 
 This Security shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s certificate of authentication on the other
side of this Security. 
 15. 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). 
 16. GOVERNING LAW. 
 THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 17. Additional Interest; Extension Fee. 
 Holders of Securities shall be entitled to payments of Additional Interest or Extension Fees to the extent set forth in the Indenture. 
  

 A-8 

 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 Security in larger type. Requests may be made to: 
 Alliance One International 
 8001 Aerial Center Parkway 
 Morrisville, North Carolina 27560-8417

 Attention: Joel Thomas, Vice President – Treasurer 
  

 A-9 

 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: 
 I or we assign and transfer this Security 
  
  
  
  
  
  
 (Insert assignee’s soc. sec. or tax ID no.) 
  
  
  
  
 (Print or type assignee’s name, address and zip code)

 and irrevocably appoint
                             agent to transfer this Security on the books of the Company. The agent may
substitute another to act for him. 
 CONVERSION NOTICE 
 To convert this Security into shares of Common Stock of the Company, check the box   ̈ 
 To convert
only part of this Security, state the principal amount to be converted 
 (which must be $1,000 or an integral multiple of $1,000): 
 If you want the stock certificate made out in another Person’s name fill in the form below: 
  
  
  
  
 (Insert the other Person’s soc. sec. or tax ID no.)

  
  
  
  
 (Print or type other Person’s name, address and zip code) 
  

							
	Date:                             	 		  	Your Signature:	  	  

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

			
	Signature Guaranteed
	
	  

	Participant in a Recognized Signature
	Guarantee Medallion Program
		
	By:	 	  

		 	Authorized Signatory

  

 A-10 

 [Include for Global Security] 
 SCHEDULE OF INCREASES AND DECREASES OF GLOBAL SECURITY 
 Initial Principal amount of Global Security:
$100,000,000. 
  

									
	 Date
	 	 Amount of Increase in
Principal Amount of
Global
Security
	 	 Amount of
 Decrease in Principal Amount
of Global Security
	 	 Principal Amount
of Global Security
After
Increase or Decrease
	 	 Notation by Registrar or
Security Custodian

		 		 		 		 	
		 		 		 		 	

  

 A-11 

 FORM OF TRANSFER CERTIFICATE 
 5 1/2%
Convertible Senior Subordinated Notes due 2014 
 Transfer Certificate 
 In connection with any transfer of any of the Securities within the period prior to the expiration of the holding period applicable to the sales thereof
under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”) (or any successor provision), the undersigned registered owner of this Security hereby certifies with respect to
$         principal amount of the above-captioned Securities presented or surrendered on the date hereof (the “Surrendered Securities”) 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 Securities for the reason checked below: 
  ̈ A transfer of the Surrendered Securities is made to the Company or any of its subsidiaries; or 
  ̈ The transfer of the Surrendered Securities complies with Rule 144A under the Securities Act; or 
  ̈ The transfer of the Surrendered Securities is pursuant to an effective registration statement under the Securities Act; or 
  ̈ The transfer of the Surrendered Securities is pursuant to another available exemption from the registration requirement of the Securities Act. 
 Unless the box below is checked, the undersigned confirms that, to the undersigned’s knowledge, such Securities are not being transferred to an
“affiliate” of the Company as defined in Rule 144 under the Securities Act (an “Affiliate”). 
  ̈ The transferee is an Affiliate of the Company. 
 DATE:
                     
 Signature(s) 
  

 B-1 

 (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-2 

 RESTRICTED STOCK LEGEND 
 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”), AND ACCORDINGLY, THIS SECURITY MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER AGREES (1) THAT IT WILL
NOT OFFER, RESELL, PLEDGE OR OTHERWISE TRANSFER THE SECURITY EVIDENCED HEREBY, EXCEPT (A) TO THE COMPANY; (B) UNDER A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO A PERSON THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER PURSUANT TO A VALID PRIVATE PLACEMENT
EXEMPTION UNDER THE SECURITIES ACT AND TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON SUCH AN EXEMPTION; OR (D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND
(2) AGREES THAT IT WILL, PRIOR TO ANY TRANSFER OF THIS SECURITY PURSUANT TO THE FOREGOING CLAUSE (D), FURNISH TO THE TRANSFER AGENT AND THE COMPANY SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY 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. IN ANY EVENT, NO AFFILIATE OF THE COMPANY MAY RESELL THIS SECURITY OTHER THAN IN
CONFORMITY WITH RULE 144 BEFORE ONE YEAR AFTER THE LAST DATE OF ORIGINAL ISSUANCE OF NOTES (INCLUDING ADDITIONAL NOTES ISSUED PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’ OPTION TO PURCHASE ADDITIONAL NOTES) UPON THE CONVERSION OF WHICH
THIS SECURITY WAS ISSUED. THE RESTRICTIONS SET FORTH IN THIS LEGEND SHALL CEASE TO HAVE EFFECT ONE YEAR AFTER THE LAST DATE OF ORIGINAL ISSUANCE OF NOTES (INCLUDING ADDITIONAL NOTES ISSUED PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’
OPTION TO PURCHASE ADDITIONAL NOTES).” 
  

 C-1First Supplemental Indenture - relating to 11% Senior Notes due 2012

 Exhibit 4.3 
 

 
 ALLIANCE ONE INTERNATIONAL, INC. 
 AND 
 LAW DEBENTURE TRUST COMPANY OF NEW YORK, 
 as TRUSTEE 
 11% SENIOR NOTES DUE
2012 
 FIRST SUPPLEMENTAL INDENTURE 
 Dated as of June 22, 2009 
 Supplementing the Indenture 
 dated May 13, 2005 

 FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 22,
2009, between Alliance One International, Inc., a Virginia corporation (the “Company”), and Law Debenture Trust Company of New York, as Trustee (the “Trustee”). 
 RECITALS 
 WHEREAS, the Company, the Trustee and Deutsche Bank Trust Company
Americas, as Paying Agent and Registrar, have heretofore executed and delivered an Indenture, dated as of May 13, 2005 (the “Indenture”), providing for the issuance of 11% Senior Notes due 2012 (the “Notes”); 
 WHEREAS, Section 9.2 of the Indenture provides, among other things, that the Company and the Trustee may amend the Indenture without notice to any
Holder but with the written consent of the Holders of at least a majority in principal amount of the outstanding Notes, subject to certain limitations therein set forth; 
 WHEREAS, pursuant to the Company’s Offer to Purchase and Consent Solicitation Statement dated June 9, 2009 (the “Offer to Purchase”) and the related Letter of Transmittal and Consent (together with
the Offer to Purchase, the “Solicitation Materials”), the Company has commenced a tender offer to purchase any and all Notes outstanding under the Indenture (the “Tender Offer”) and a solicitation of consents (the “Consent
Solicitation”) to amend the Indenture as set forth in Schedule II (the “Proposed Amendments”) to the Offer to Purchase; 
 WHEREAS, the Company has received consents (“Consents”) to the Proposed Amendments from Holders of at least a majority in principal amount of the outstanding Notes; 
 WHEREAS, the Company desires to and has requested the Trustee to execute this Supplemental Indenture; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid and legally binding agreement have been done. 
 NOW, THEREFORE, the Company and the Trustee agree as follows: 
 ARTICLE I 
 AMENDMENTS TO THE INDENTURE 
 1.1 Sections 3.4, 3.7, 3.9, 3.10, 3.11, 3.12, 3.13, 3.14, 3.15, 3.16, 3.17, 3.19, 4.1, 10.1, 10.2, 10.3 and 10.4 of the Indenture are amended to be
deleted in their entirety. 
 1.2. Clause (b) of Section 3.5 of the Indenture is amended to be deleted in its entirety. 

1.3. Clauses (iii), (iv), (v), (vi), (viii) and (ix) of Section 6.1(a) of the Indenture are amended to be deleted in their entirety.

 1.4. Clauses (ii), (iii) and (v) of Section 8.2 of the Indenture are amended to be deleted in their entirety. 

 1.5 Section 5.3(a) is amended and restated to read as follows: 
 “Section 5.3 Notice of Redemption. 
 “(a) The Company shall give or cause the Trustee to give notice of redemption, which shall be mailed by first class mail at least three Business Days but not more than 60 days prior to the Redemption Date, to
each Holder of Notes to be redeemed at its registered address. If the Company itself gives the notice, it shall also deliver a copy to the Trustee.” 
 1.6. All definitions in the Indenture defining terms that are used only in the sections and provisions of the Indenture that are deleted by the foregoing amendments are amended to be deleted in their entirety.

 1.7 Any and all references in the Indenture to the sections or provisions that are deleted by the foregoing amendments are amended to be
deleted in their entirety. 
 1.8 Any provision contained in the Notes that relates to any provision of the Indentures as amended is amended
so that any such provision contained in the Notes will conform to and be consistent with any provision of the Indentures as amended hereby. 
 1.9 The amendments to the Indenture set forth in this Article I shall be effective and operative, without further action by the Company or the Trustee, upon the later of (i) the time that, Pursuant to the Tender Offer and Consent
Solicitation, the Company accepts for payment validly tendered Notes representing a majority in aggregate principal amount of the outstanding Notes issued under the Indenture or (ii) the time that the Company pays, by delivery to the Depositary
or the DTC, the Early Consent Payment to all Holders that have validly tendered (and not validly revoked) Consents on or prior to the Early Tender Time (as such terms are defined in the Offer to Purchase). 
 ARTICLE II 
 OTHER TERMS

 2.1 Except as modified herein, the Indenture, as heretofore supplemented and amended, is ratified and confirmed in all respects.

 2.2 Capitalized terms used herein but not defined herein shall have the respective meanings assigned to them in the Indenture. 

2.3 If after the execution of this Supplemental Indenture, the Tender Offer is terminated or withdrawn without the Company accepting for payment
validly tendered Notes representing a majority in aggregate principal amount of the outstanding Notes issued under the Indenture, this Supplemental Indenture shall be treated as if it had never been executed and delivered. 
  

 2 

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

			
	ALLIANCE ONE INTERNATIONAL, INC.
		
	By:	 	 /s/    Robert A. Sheets

		 	Robert A. Sheets
		 	Executive Vice President – Chief Financial Officer
		
	By:	 	 /s/    Joel L. Thomas

		 	Joel L. Thomas
		 	Vice President – Treasurer
	
	LAW DEBENTURE TRUST COMPANY OF NEW YORK, as Trustee
		
	By:	 	 /s/    James D. Heaney

	Name:	 	James D. Heaney
	Title:	 	Managing Director

  

 3

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