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Exhibit 10.1

Execution Version

 

LIMITED WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT AND
BORROWING BASE REDETERMINATION

 

THIS
LIMITED WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT AND
BORROWING BASE REDETERMINATION (this “Amendment”)
dated as of May 8, 2018, but effective as of March 31, 2018, among
YUMA ENERGY, INC., a
Delaware corporation (“Yuma Energy”),
YUMA EXPLORATION AND PRODUCTION
COMPANY, INC., a Delaware corporation, PYRAMID OIL LLC, a California limited
liability company, and DAVIS
PETROLEUM CORP., a Delaware corporation (“Davis”, and
together with Yuma Energy, Yuma Exploration and Production Company,
Inc., and Pyramid Oil LLC, the “Borrowers”,
and each a “Borrower”),
the Guarantors existing on the date hereof, the undersigned Lenders
party to the Credit Agreement (the “Lenders”) and
SOCIÉTÉ
GÉNÉRALE, in its capacity as Administrative Agent
(the “Administrative
Agent”).

 

RECITALS

 

A. The Borrowers, the
Lenders and the Administrative Agent are parties to that certain
Credit Agreement dated as of October 26, 2016, as amended by that
certain First Amendment to Credit Agreement and Borrowing Base
Redetermination dated as of May 19, 2017 (as so amended, and
as otherwise amended, restated, amended and restated, supplemented
or otherwise modified prior to the date hereof, the
“Credit
Agreement”).

 

B. Yuma Energy, in its
capacity as the Borrowing Agent, has notified the Administrative Agent and the Lenders
under the Credit Agreement that for the four fiscal quarter period
ended March 31, 2018 (the “Subject
Period”), the occurrence of several events beyond the
reasonable control of the Borrowers (including hurricanes and other
extraordinary weather, unforeseeable governmental mandates and
equipment maintenance), resulted in the Borrowers shutting-in
several of their wells and suspending production from their
reserves for a period of time (the “2017 Shut-In
Events”). As a result of the 2017 Shut-In Events, the
Borrowers’ Consolidated Net Income for the Subject Period was
lower than projected.

 

C. The Borrowers have
requested certain amendments and waivers to the Credit Agreement
and, subject to the conditions precedent set forth herein, the
parties hereto have agreed to so amend and waive certain provisions
of the Credit Agreement as set forth herein.

 

NOW,
THEREFORE, in consideration of these premises and for other good
and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as
follows:

 

1. Same Terms. All terms used
herein that are defined in the Credit Agreement shall have the same
meanings when used herein, unless the context hereof otherwise
requires or provides. In addition, (i) all references in the Loan
Documents to the “Agreement” shall mean the Credit
Agreement, as amended by this Amendment, and (ii) all references in
the Loan Documents to the “Loan Documents” shall mean
the Loan Documents, as amended by this Amendment.

 

2. Limited Waivers.  At the
request of the Borrowers, the Administrative Agent and the Lenders,
hereby agree to waive any non-compliance (if any) by the
Borrowers’ with Section 6.1(a) of the Credit Agreement
for the four fiscal quarter period ended March 31, 2018
to the extent such non-compliance (if any) would not have occurred
but for the 2017 Shut-In Events (and any breach of any
representation or warranty under the Credit Agreement or any other
Loan Document as a result of the existence of such failure (if any)
to comply is hereby similarly waived), provided that, the Ratio of
Total Debt to EBITDAX for the four fiscal quarter period ended
March 31, 2018 (as reflected in the Borrowers’
Compliance Certificate for the four fiscal quarter period ended
March 31, 2018) does not exceed 3.75 to 1.00 (in which case, the
Borrowers’ non-compliance (if any) shall not be
waived).

 

The
waivers in this Section 2 are effective
only in respect of the matters and for the time periods expressly
set forth in this Section 2 and not for any
other period and, except as expressly set forth in this Amendment,
no other waivers are intended or made by this Amendment. No failure
or delay on the part of the Administrative Agent, any Lender, the
Issuing Bank or the holder of any Note in exercising any power or
right under the Credit Agreement or any other Loan Document shall
operate as a waiver thereof, nor shall any single or partial
exercise of any such power or right preclude any other or further
exercise thereof or the exercise of any other power or right. No
waiver or approval by the Administrative Agent, any Lender, the
Issuing Bank or the holder of any Note under this Amendment, the
Credit Agreement or any other Loan Document shall, except as may be
otherwise stated in such waiver or approval, be applicable to any
subsequent transaction or any Default or Event of Default under any
Loan Document.

 

Page 1

 

 

3. Amendments to Credit Agreement.
Subject to the conditions precedent set forth in Section 5 hereof,
the Credit Agreement is amended as follows:

 

A. Section 5.10(a) of
the Credit Agreement is hereby amended and restated in its entirety
to read as follows:

 

“(a)            Unless
otherwise agreed to by the Administrative Agent and the Lenders,
the Borrowing Agent shall provide to the Administrative Agent on or
before May 18, 2018 evidence satisfactory to the
Administrative Agent that the Borrowers have entered into (and
thereafter, the Borrower shall maintain in effect) Hedge
Transactions with Approved Counterparties with respect to at least
the monthly notional volumes of natural gas and crude oil, as
applicable, set forth in on Schedule 5.10 for each such month
and having the floor price levels indicated therein (it being
acknowledged and agreed that the intention of the parties is that
the Borrowers shall have entered into (and shall thereafter
maintain) Hedge Transactions with Approved Counterparties
(including the Hedge Transactions described above) such that
(x) the notional volumes of all natural gas related Hedge
Transactions of the Borrowers and their respective Subsidiaries, in
the aggregate, equal or exceed 70% of the Borrowers’ and
their respective Subsidiaries’ reasonably anticipated
projected production of proved developed producing reserves from
natural gas for each month during the period from June 1, 2018
through December 31, 2019, (y) the notional volumes
of all natural gas related Hedge Transactions of the Borrowers and
their respective Subsidiaries, in the aggregate, equal or exceed
50% of the Borrowers’ and their respective
Subsidiaries’ reasonably anticipated projected production of
proved developed producing reserves from natural gas for the 2020
calendar year, and (z) the notional volumes of all crude oil
related Hedge Transactions of the Borrowers and their respective
Subsidiaries, in the aggregate, equal or exceed 80% of the
Borrowers’ and their respective Subsidiaries’
reasonably anticipated projected production of crude oil for each
month during the period from ten (10) Business Days after the
Effective Date through
December 31, 2019).”

 

B. Section 5 of the
Credit Agreement is hereby amended by adding a new Section 5.19
therein to read as follows:

 

“SECTION
5.19  Production
Reports and Lease Operating Statements. Commencing with the
calendar month ending April 30, 2018, within 45 days after the end
of each calendar month, a report setting forth, for such calendar
month (i) the volume of production and sales attributable to
production (and the prices at which such sales were made and the
revenues derived from such sales) for each such calendar month from
the Oil and Gas Properties, in the aggregate, and (ii) the related
ad valorem, severance and production taxes and lease operating
expenses attributable thereto and incurred for each such calendar
month.”

 

C. Section 6.1(b) of
the Credit Agreement is hereby amended and restated to read as
follows:

 

“(b)           Current
Ratio. Yuma Energy will not permit, as of the last day of
any fiscal quarter, commencing with the fiscal quarter ending
December 31, 2016, its ratio of (i) consolidated current
assets of such Borrower and its Subsidiaries (including the unused
amount of the total Commitments (but only to the extent that no
Event of Default then exists or that such Event of Default has been
waived by the requisite Lenders), but excluding non-cash assets
under ASC Topic 815 (formerly FAS 133) to (ii) consolidated current
liabilities of such Borrower and its Subsidiaries (excluding
(x) non-cash obligations under ASC Topic 815 (formerly FAS
133) that may be classified as current liabilities and (y) the
current portion of long-term Indebtedness outstanding under this
Agreement) to be less than 1.00 to 1.00.”

 

4. Borrowing Base Redetermination.
Upon May 8, 2018, until the next redetermination of the Borrowing
Base in accordance with the provisions of Section 2.4 of the
Credit Agreement, the amount of the Borrowing Base in effect
immediately prior to May 8, 2018 shall be decreased from
$40,500,000 to $35,000,000. Both the Borrower, on the one hand, and
the Administrative Agent and the Lenders, on the other hand, agree
that the reduction of the Borrowing Base pursuant to Section 4
shall constitute the spring 2018 Scheduled Redetermination
(and, in any event, shall not constitute an Interim
Redetermination).

 

 

Page 2

 

 

5. Conditions Precedent. This
Amendment shall become effective as of March 31, 2018
(the “Amendment Effective
Date”) upon each of the following conditions being
satisfied:

 

A. Amendment to Credit Agreement.
The Administrative Agent shall have received multiple original
counterparts, as requested by the Administrative Agent, of this
Amendment duly and validly executed and delivered by duly
authorized officers of the Borrowers, the Guarantors, the
Administrative Agent and the Majority Lenders.

 

B. Representations
and Warranties; No Defaults. Each Borrower shall have confirmed and
acknowledged to the Administrative Agent and the Lenders, and by
its execution and delivery of this Amendment, each Borrower does
hereby confirm and acknowledge to the Administrative Agent and the
Lenders, that (i) all representations and warranties contained
herein or in the other Loan Documents or otherwise made in writing
in connection herewith or therewith shall be true and correct with
the same force and effect as though such representations and
warranties have been made on and as of the Amendment Effective Date
and (ii) no Default or Event of Default exists under the Credit
Agreement or any of the other Loan Documents.

 

6. Amendment Fee.  Upon the
effectiveness of this Amendment pursuant to Section 5, the Borrowing
Agent shall pay to the Administrative Agent for the account of each
Lender that has delivered an executed counterpart signature page to
this Amendment to the Administrative Agent or its counsel on or
before 5 p.m. central time on May 8, 2018, a fee equal to ten
(10) basis points on the amount of each Lender’s allocated
commitment amount of the Maximum Credit Amount after giving effect
to the Borrowing Base redetermination in Section 4 of this
Amendment.

 

7. Post Closing
Covenant. Not later than thirty
(30) days after May 8, 2018 (or such longer period as the
Administrative Agent may agree in its reasonable discretion), the
Borrower shall furnish to the Administrative Agent appropriate
evidence confirming that Mortgages have been filed that are
effective to create in favor of the Administrative Agent for the
benefit of the holders of Secured Obligations, a legal, valid and
enforceable Lien on the Borrowers’ Oil and Gas properties
located in Yoakum County, Texas (including but not limited to the
State 320 1H well).

 

8. Certain Representations. Each
Borrower represents and warrants that, as of the Amendment
Effective Date: (A) each Borrower has full power and authority
to execute this Amendment and the other documents executed in
connection herewith and this Amendment and such other documents
constitute the legal, valid and binding obligation of each Borrower
enforceable in accordance with their terms, except as
enforceability may be limited by general principles of equity and
applicable bankruptcy, insolvency, reorganization, moratorium, and
other similar laws affecting the enforcement of creditors’
rights generally; and (B) no authorization, approval, consent
or other action by, notice to, or filing with, any governmental
authority or other person is required for the execution, delivery
and performance by each Borrower thereof. In addition, each
Borrower represents that after giving effect to this Amendment all
representations and warranties contained in the Credit Agreement
and the other Loan Documents are true and correct in all material
respects on and as of the Amendment Effective Date as if made on
and as of such date except to the extent that any such
representation or warranty expressly relates solely to an earlier
date, in which case such representation or warranty is true and
correct in all material respects as of such earlier
date.

 

9. No Further Amendments or
Waivers. Except as amended or waived hereby, the Credit
Agreement and the Loan Documents shall remain unchanged and all
provisions shall remain fully effective between the
parties.

 

10. Acknowledgments and Agreements.
Each Borrower acknowledges that on the date hereof all outstanding
Obligations are payable in accordance with their respective terms,
and each Borrower waives any defense, offset, counterclaim or
recoupment with respect thereto. Each Borrower, the Administrative
Agent and each Lender do hereby adopt, ratify and confirm the
Credit Agreement, as amended hereby, and the Loan Documents and
acknowledge and agree that the Credit Agreement, as amended hereby,
and the Loan Documents are and remain in full force and effect.
Each Borrower acknowledges and agrees that its liabilities and
obligations under the Credit Agreement, as amended hereby, and
under the Loan Documents, are not impaired in any respect by this
Amendment. Any breach of any representations, warranties and
covenants under this Amendment shall be an Event of Default under
the Credit Agreement.

 

Page 3

 

 

11. Limitation on Agreements. The
modifications set forth herein are limited precisely as written and
shall not be deemed (A) to be a consent under or a waiver of
or an amendment to any other term or condition in the Credit
Agreement or any of the Loan Documents (other than the waiver
provided for in Section
2 of this Amendment), or (B) to prejudice any right or
rights that the Administrative Agent now has or may have in the
future under or in connection with the Credit Agreement and the
Loan Documents, each as amended hereby, or any of the other
documents referred to herein or therein. This Amendment shall
constitute a Loan Document for all purposes.

 

12. Confirmation of Security. Each
Borrower hereby confirms and agrees that all of the Security
Documents, as may be amended in accordance herewith, that presently
secure the Obligations shall continue to secure, in the same manner
and to the same extent provided therein, the payment and
performance of the Obligations as described in the Credit Agreement
as modified by this Amendment.

 

13. Counterparts. This Amendment
may be executed in any number of counterparts, each of which when
executed and delivered shall be deemed an original, but all of
which constitute one instrument. In making proof of this Amendment,
it shall not be necessary to produce or account for more than one
counterpart thereof signed by each of the parties
hereto.

 

14. Incorporation of Certain Provisions by
Reference. The provisions of Section 9.9 of the Credit
Agreement captioned “Governing Law; Jurisdiction; Waiver of
Venue; Service of Process” are incorporated herein by
reference for all purposes.

 

15. Entirety, Etc. This Amendment
and all of the other Loan Documents embody the entire agreement
between the parties. THIS AMENDMENT AND ALL OF THE OTHER LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.

 

[The
rest of this page is intentionally left blank; the signature pages
follow.]

 

Page 4

 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment to
be effective as of the date and year first above
written.

 

	
 

	

BORROWERS

 

YUMA
ENERGY, INC.

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

 

YUMA
EXPLORATION AND PRODUCTION COMPANY, INC.

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

 

PYRAMID
OIL LLC

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

 

DAVIS
PETROLEUM CORP.

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

 

 

Signature
Page to Limited Waiver and Second Amendment

 

 

ADMINISTRATIVE
AGENT

AND
LENDER:

 

SOCIÉTÉ
GÉNÉRALE

 

 

By:
/s/ Max
Sonnonstine

Name:
Max Sonnonstine

Title:
Director

 

 

 

LENDER:

 

CIT
BANK, N.A.

 

 

By:
/s/ John
Feeley

Name:
John Feeley

Title:
Director

 

 

LENDER:

 

LEGACYTEXAS
BANK

 

 

By:
/s/ Whitney
Randolph

Name:
Whitney Randolph

Title:
Senior Vice President

 

 

 

 

Signature
Page to Limited Waiver and Second Amendment

 

 

	
 

	

THE
GUARANTORS HEREBY CONSENT TO THE EXECUTION, DELIVERY AND
PERFORMANCE OF THE TERMS OF THIS AMENDMENT BY THE
BORROWERS.

 

 

THE
YUMA COMPANIES, INC.

 

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

DAVIS
PETROLEUM ACQUISITION CORP.

 

 

 

By:
/s/ Sam L.
Banks

Name:
Sam L. Banks

Title:
CEO

 

 

 

Signature
Page to Limited Waiver and Second Amendmenthope8kindentureex41

  Execution Version                                                                          HOPE BANCORP, INC.                                     as Issuer                                                                                                                        AND                                                                                                         U.S. BANK NATIONAL ASSOCIATION                                    as Trustee                                                                                                                     INDENTURE                                                                                                                Dated as of May 11, 2018                         2.00% Convertible Senior Notes due 2038                                              064310-0812-15924-Active.25775846.6                                             

 

                               TABLE OF CONTENTS                                                                            Page                                     ARTICLE 1                                    Definitions    Section 1.01  Definitions......................................................................................................... 1   Section 1.02  References to Interest ...................................................................................... 13                                     ARTICLE 2              Issue, Description, Execution, Registration and Exchange of Notes    Section 2.01  Designation and Amount ................................................................................ 13   Section 2.02  Form of Notes ................................................................................................. 14   Section 2.03  Date and Denomination of Notes; Payments of Interest and Defaulted                 Amounts .......................................................................................................... 14   Section 2.04  Execution, Authentication and Delivery of Notes .......................................... 16   Section 2.05  Exchange and Registration of Transfer of Notes; Restrictions on Transfer;                 Depositary ....................................................................................................... 17   Section 2.06  Mutilated, Destroyed, Lost or Stolen Notes.................................................... 23   Section 2.07  Temporary Notes ............................................................................................ 24   Section 2.08  Cancellation of Notes Paid, Converted, Etc .................................................... 24   Section 2.09  CUSIP Numbers.............................................................................................. 25   Section 2.10  Additional Notes; Purchases ........................................................................... 25   Section 2.11  Ranking ........................................................................................................... 25                                     ARTICLE 3                              Satisfaction and Discharge    Section 3.01  Satisfaction and Discharge .............................................................................. 26                                     ARTICLE 4                         Particular Covenants of the Company    Section 4.01  Payment of Principal, Settlement Amounts and Interest ................................ 27   Section 4.02  Maintenance of Office or Agency ................................................................... 27   Section 4.03  Appointments to Fill Vacancies in Trustee’s Office ....................................... 28   Section 4.04  Provisions as to Paying Agent ........................................................................ 28   Section 4.05  [Reserved] ....................................................................................................... 29   Section 4.06  Rule 144A Information Requirement; Reporting; and Additional Interest .... 29   Section 4.07  Stay, Extension and Usury Laws .................................................................... 31   Section 4.08  Compliance Certificate; Statements as to Defaults ......................................... 31   Section 4.09  Further Instruments and Acts .......................................................................... 32   Section 4.10  No Rights as Stockholders .............................................................................. 32                                     ARTICLE 5                                    [Reserved]   064310-0812-15924-Active.25775846.6                                                                                   i  

 

                                     ARTICLE 6                               Defaults and Remedies    Section 6.01  Events of Default ............................................................................................ 32   Section 6.02  Acceleration .................................................................................................... 33   Section 6.03  Additional Interest .......................................................................................... 34   Section 6.04  Payments of Notes on Default; Suit Therefor ................................................. 35   Section 6.05  Application of Monies Collected by Trustee .................................................. 37   Section 6.06  Proceedings by Holders .................................................................................. 37   Section 6.07  Proceedings by Trustee ................................................................................... 38   Section 6.08  Remedies Cumulative and Continuing ........................................................... 38   Section 6.09  Direction of Proceedings and Waiver of Defaults by Majority of Holders .... 39   Section 6.10  Notice of Defaults ........................................................................................... 39   Section 6.11  Undertaking to Pay Costs................................................................................ 40                                     ARTICLE 7                               Concerning the Trustee    Section 7.01  Duties and Responsibilities of Trustee ........................................................... 40   Section 7.02  Certain Rights of the Trustee .......................................................................... 42   Section 7.03  No Responsibility for Recitals, Etc. ................................................................ 43   Section 7.04  Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or                Note Registrar May Own Notes ...................................................................... 44   Section 7.05  Monies and Shares of Common Stock to Be Held in Trust ............................ 44   Section 7.06  Compensation and Expenses of Trustee ......................................................... 44   Section 7.07  [Reserved] ....................................................................................................... 45   Section 7.08  Eligibility of Trustee ....................................................................................... 45   Section 7.09  Resignation or Removal of Trustee ................................................................ 45   Section 7.10  Acceptance by Successor Trustee ................................................................... 46   Section 7.11  Succession by Merger, Etc. ............................................................................. 47   Section 7.12  Trustee’s Application for Instructions from the Company ............................. 47   Section 7.13  Conflicting Interests of Trustee ...................................................................... 47                                     ARTICLE 8                               Concerning the Holders    Section 8.01  Action by Holders ........................................................................................... 48   Section 8.02  Proof of Execution by Holders ....................................................................... 48   Section 8.03  Who Are Deemed Absolute Owners ............................................................... 48   Section 8.04  Company-Owned Notes Disregarded ............................................................. 48   Section 8.05  Revocation of Consents; Future Holders Bound ............................................ 49                                     ARTICLE 9                                Optional Redemption    Section 9.01  Optional Redemption ...................................................................................... 49   Section 9.02  Notice of Optional Redemption; Selection of Notes ...................................... 49    064310-0812-15924-Active.25775846.6                                              ii  

 

    Section 9.03  Payment of Notes Called for Redemption ...................................................... 51   Section 9.04  Restrictions on Redemption ............................................................................ 51                                    ARTICLE 10                               Supplemental Indentures    Section 10.01  Supplemental Indentures Without Consent of Holders .................................. 51   Section 10.02  Supplemental Indentures with Consent of Holders ........................................ 52   Section 10.03  Effect of Amendment, Supplement and Waiver ............................................. 53   Section 10.04  Notation on Notes ........................................................................................... 54   Section 10.05  Evidence of Compliance of Amendment, Supplement or Waiver to Be                 Furnished to Trustee ....................................................................................... 54                                    ARTICLE 11                            Consolidation, Merger and Sale    Section 11.01  Company May Consolidate, Etc. on Certain Terms ....................................... 54   Section 11.02  Opinion of Counsel and Officers’ Certificate to be Given to Trustee ............ 55                                    ARTICLE 12               Immunity of Incorporators, Stockholders, Officers and Directors    Section 12.01  Indenture and Notes Solely Corporate Obligations ........................................ 55                                    ARTICLE 13                          Limitation on Beneficial Ownership    Section 13.01  Limitation on Beneficial Ownership ............................................................... 56                                    ARTICLE 14                                Conversion of Notes    Section 14.01  Conversion Privilege ....................................................................................... 56   Section 14.02  Conversion Procedure; Settlement Upon Conversion .................................... 60   Section 14.03  Increase in Conversion Rate Upon Conversion in Connection with a                 Make-Whole Fundamental Change ................................................................ 65   Section 14.04  Adjustment of Conversion Rate ...................................................................... 67   Section 14.05  Adjustments of Prices ..................................................................................... 77   Section 14.06  Shares to Be Fully Reserved ........................................................................... 77   Section 14.07  Effect of Recapitalizations, Reclassifications and Changes of the                 Common Stock................................................................................................ 78   Section 14.08  Certain Covenants ........................................................................................... 80   Section 14.09  Responsibility of Trustee ................................................................................ 80   Section 14.10  Notice to Holders Prior to Certain Actions ..................................................... 81   Section 14.11  Stockholder Rights Plans ................................................................................ 82                                    ARTICLE 15                    Repurchase of Notes Upon a Fundamental Change   064310-0812-15924-Active.25775846.6                                              iii  

 

    Section 15.01  Repurchase at Option of Holders Upon a Fundamental Change .................... 82   Section 15.02  Withdrawal of Fundamental Change Repurchase Notice ............................... 85   Section 15.03  Deposit of Fundamental Change Repurchase Price ........................................ 85   Section 15.04  Covenant to Comply with Applicable Laws Upon Repurchase of Notes ....... 86                                    ARTICLE 16                            Optional Put Rights of Holders    Section 16.01  Optional Put Rights ......................................................................................... 87   Section 16.02  Withdrawal of Optional Put Notice ................................................................ 89   Section 16.03  Deposit of Repurchase Price ........................................................................... 90   Section 16.04  Covenant to Comply with Applicable Laws Upon Repurchase of Notes ....... 90                                    ARTICLE 17                              Miscellaneous Provisions    Section 17.01  Provisions Binding on Company’s Successors ............................................... 91   Section 17.02  Official Acts by Successor Entity ................................................................... 91   Section 17.03  Addresses for Notices, Etc. ............................................................................. 91   Section 17.04  Governing Law ............................................................................................... 92   Section 17.05  Intentionally Omitted ...................................................................................... 92   Section 17.06  Evidence of Compliance with Conditions Precedent; Certificates and                 Opinions of Counsel to Trustee ...................................................................... 92   Section 17.07  Legal Holidays ................................................................................................ 93   Section 17.08  No Security Interest Created ........................................................................... 93   Section 17.09  Benefits of Indenture....................................................................................... 93   Section 17.10  Table of Contents, Headings, Etc. .................................................................. 93   Section 17.11  Authenticating Agent ...................................................................................... 93   Section 17.12  Execution in Counterparts ............................................................................... 94   Section 17.13  Severability ..................................................................................................... 94   Section 17.14  Waiver of Jury Trial; Submission of Jurisdiction ........................................... 94   Section 17.15  Force Majeure ................................................................................................. 95   Section 17.16  Calculations..................................................................................................... 95   Section 17.17  U.S.A. Patriot Act ........................................................................................... 95                                       EXHIBITS    Exhibit A    Form of Note ................................................................................................. A-1   Exhibit B    Form of Free Transferability Certificate ....................................................... B-1   Exhibit C    Form of Repurchase Notice .......................................................................... C-1    064310-0812-15924-Active.25775846.6                                              iv  

 

           INDENTURE dated as of May 11, 2018 between Hope Bancorp, Inc., a Delaware   corporation, as issuer (the “Company”, as more fully set forth in Section 1.01), and U.S. Bank   National Association, a national banking association organized under the laws of the United   States of America, as trustee (the “Trustee”, as more fully set forth in Section 1.01).                                  W I T N E S S E T H:         WHEREAS, for its lawful corporate purposes, the Company has duly authorized the  issuance of its 2.00% Convertible Senior Notes due 2038 (the “Notes”), initially in an aggregate  principal amount of $200,000,000 and in an additional principal amount of up to $30,000,000  upon exercise of the option granted to the initial purchasers of the Notes in the Purchase  Agreement, and in order to provide the terms and conditions upon which the Notes are to be  authenticated, issued and delivered, the Company has duly authorized the execution and delivery  of this Indenture; and         WHEREAS, the Form of Note, the certificate of authentication to be borne by each Note,  the Form of Notice of Conversion, the Form of Fundamental Change Repurchase Notice, the  Form of Repurchase Notice and the Form of Assignment and Transfer to be borne by the Notes  are to be substantially in the forms hereinafter provided; and         WHEREAS, all acts and things necessary to make the Notes, when executed by the  Company and authenticated and delivered by the Trustee or a duly authorized authenticating  agent, as provided in this Indenture, the valid, binding and legal obligations of the Company, and  this Indenture the valid, binding and legal obligations of the Company, have been done and  performed, and the execution of this Indenture and the issuance hereunder of the Notes have in  all respects been duly authorized.         NOW, THEREFORE, THIS INDENTURE WITNESSETH:         That in order to declare the terms and conditions upon which the Notes are, and are to be,  authenticated, issued and delivered, and in consideration of the premises and of the purchase and  acceptance of the Notes by the Holders thereof, the Company covenants and agrees with the  Trustee for the equal and proportionate benefit of the respective Holders from time to time of the  Notes (except as otherwise provided below), as follows:                                      ARTICLE 1                                    DEFINITIONS          Section 1.01 Definitions.  The terms defined in this Section 1.01 (except as herein  otherwise expressly provided or unless the context otherwise requires) for all purposes of this  Indenture and of any indenture supplemental hereto shall have the respective meanings specified  in this Section 1.01.  The words “herein,” “hereof,” “hereunder,” and words of similar import  refer to this Indenture as a whole and not to any particular Article, Section or other subdivision.    The terms defined in this Article include the plural as well as the singular.          “Additional Interest” means all amounts, if any, payable pursuant to Section 4.06(d),   Section 4.06(e) and Section 6.03, as applicable.     064310-0812-15924-Active.25775846.6                                             

 

           “Additional Shares” shall have the meaning specified in Section 14.03(a).          “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. Notwithstanding anything to the contrary herein, the determination of whether one  Person is an “Affiliate” of another Person for purposes of this Indenture shall be made based on  the facts at the time such determination is made or required to be made, as the case may be,  hereunder.         “Applicable Procedures” means, with respect to a Depositary, as to any matter at any  time, the policies and procedures of such Depositary, if any, that are applicable to such matter at  such time.         “Bankruptcy Law” means Title 11, U.S. Code, as amended, or any similar federal, state  or foreign law for the relief of debtors.         “Bid Solicitation Agent” means the Person appointed by the Company to solicit bids for  the Trading Price of the Notes in accordance with Section 14.01(b)(i).  The Company shall  initially act as the Bid Solicitation Agent.         “Board of Directors” means the board of directors of the Company or a committee of  such board duly authorized to act for it hereunder.         “Board Resolution” means a copy of a resolution certified by the Secretary or an  Assistant Secretary of the Company to have been duly adopted by the Board of Directors, and to  be in full force and effect on the date of such certification, and delivered to the Trustee.         “Business Day” means any day other than a Saturday, a Sunday or a day on which the  Federal Reserve Bank of New York or banking institutions in New York are authorized or  required by law or executive order to close or be closed.         “Capital Stock” means, for any entity, any and all shares, interests, rights to purchase,  warrants, options, participations or other equivalents of or interests in (however designated)  stock issued by that entity; provided that debt securities that are convertible into or exchangeable  for Capital Stock shall not constitute Capital Stock prior to their conversion or exchange, as the  case may be.         “Cash Settlement” shall have the meaning provided in Section 14.02(a).         “Certificated Notes” means permanent certificated Notes in registered form issued in  minimum denominations of $1,000 principal amount and integral multiples thereof.         “Clause A Distribution” shall have the meaning specified in Section 14.04(c).     064310-0812-15924-Active.25775846.6                                               2  

 

           “Clause B Distribution” shall have the meaning specified in Section 14.04(c).          “Clause C Distribution” shall have the meaning specified in Section 14.04(c).          “close of business” means 5:00 p.m. (New York City time).          “Combination Settlement” shall have the meaning provided in Section 14.02(a).          “Commission” means the U.S. Securities and Exchange Commission.          “Common Equity” of any Person means Capital Stock of such Person that is generally   entitled (a) to vote in the election of directors of such Person or (b) if such Person is not a   corporation, to vote or otherwise participate in the selection of the governing body, partners,   managers or others that will control the management or policies of such Person.          “Common Stock” means the common stock of the Company, par value $0.001 per share,   subject to Section 14.07.          “Company” shall have the meaning specified in the first paragraph of this Indenture, and   subject to the provisions of Article 11, shall include its successors and assigns.          “Company Order” means a written order of the Company, signed by an Officer of the   Company and delivered to the Trustee.          “Company Repurchase Notice” shall have the meaning specified in Section 16.01(c).          “Conversion Agent” shall have the meaning specified in Section 4.02.          “Conversion Date” shall have the meaning specified in Section 14.02(c).          “Conversion Obligation” shall have the meaning specified in Section 14.01(a).          “Conversion Price” means as of any date, $1,000, divided by the Conversion Rate as of   such date.          “Conversion Rate” shall have the meaning specified in Section 14.01(a).          “Corporate Trust Office” means the principal designated office of the Trustee at which   at any time this Indenture shall be administered, which office at the date hereof is located at 633   West Fifth Street, 24th Floor, Los Angeles, CA 90071, Attention: P. Oswald (Hope Bancorp,  Inc.), or such other address as the Trustee may designate from time to time by notice to the   Holders and the Company, or the principal designated corporate trust office of any successor   Trustee (or such other address as such successor Trustee may designate from time to time by   notice to the Holders and the Company).          “Custodian” means the Trustee, as custodian for The Depository Trust Company, with   respect to the Global Notes, or any successor entity thereto.     064310-0812-15924-Active.25775846.6                                               3  

 

           “Daily Conversion Value” means, for each of the 25 consecutive VWAP Trading Days   during the Observation Period, 1/25th of the product of (i) the Conversion Rate on such VWAP   Trading Day and (ii) the Daily VWAP for such VWAP Trading Day.          “Daily Measurement Value” shall have the meaning specified in the definition of “Daily   Settlement Amount.”          “Daily Settlement Amount,” for each of the 25 consecutive VWAP Trading Days   during the Observation Period, shall consist of:                (a)   cash in an amount equal to the lesser of (i) the Specified Dollar Amount, if         any, divided by 25 (such quotient, the “Daily Measurement Value”) and (ii) the Daily         Conversion Value for such VWAP Trading Day; and                (b)   if the Daily Conversion Value on such VWAP Trading Day exceeds the        Daily Measurement Value, a number of shares of Common Stock equal to (i) the        difference between the Daily Conversion Value and the Daily Measurement Value,         divided by (ii) the Daily VWAP for such VWAP Trading Day.          “Daily VWAP” means, for each of the 25 consecutive VWAP Trading Days during the   Observation Period, the per share volume-weighted average price as displayed under the heading   “Bloomberg VWAP” on Bloomberg page “HOPE<equity> AQR” (or its equivalent successor if   such page is not available) in respect of the period from the scheduled open of trading until the   scheduled close of trading of the primary trading session on such VWAP Trading Day (or if such   volume-weighted average price is unavailable, the market value of one share of Common Stock   on such VWAP Trading Day determined, using a volume-weighted average method, by a   nationally recognized independent investment banking firm retained for this purpose by the  Company).  The “Daily VWAP” shall be determined without regard to after-hours trading or any  other trading outside of the regular trading session trading hours.         “Default” means any event that is, or after notice or passage of time, or both, would be,  an Event of Default.         “Defaulted Amounts” means any amounts on any Note (including, without limitation,   the Redemption Price, Repurchase Price and Fundamental Change Repurchase Price, principal   and interest) that are payable but are not punctually paid or duly provided for.          “Depositary” means, with respect to each Global Note, the Person specified in Section   2.05(b) as the Depositary with respect to such Notes, until a successor shall have been appointed   and become such pursuant to the applicable provisions of this Indenture, and thereafter,   “Depositary” shall mean or include such successor.          “Distributed Property” shall have the meaning specified in Section 14.04(c).          “effective date” means, for purposes of Section 14.04(a), the first date on which shares   of the Common Stock trade on the Relevant Stock Exchange, regular way, reflecting the relevant   share split or share combination, as applicable.     064310-0812-15924-Active.25775846.6                                               4  

 

         “Effective Date” means, for purposes of Section 14.03, the meaning specified in Section  14.03(c).         “Event of Default” shall have the meaning specified in Section 6.01.         “Ex-Dividend Date” means the first date on which shares of Common Stock trade on the  applicable exchange or in the applicable market, regular way, without the right to receive the  issuance, dividend or distribution in question, from the Company or, if applicable, from the seller  of Common Stock on such exchange or market (in the form of due bills or otherwise) as  determined by such exchange or market.         “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules  and regulations promulgated thereunder.         “Expiration Date” shall have the meaning specified in Section 14.04(e).         “Expiration Time” shall have the meaning specified in Section 14.04(e).         “Form of Assignment and Transfer” shall mean the “Form of Assignment and  Transfer” attached as Attachment 4 to the Form of Note attached hereto as Exhibit A.         “Form of Fundamental Change Repurchase Notice” shall mean the “Form of  Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached  hereto as Exhibit A.         “Form of Notice of Conversion” shall mean the “Form of Notice of Conversion”  attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.         “Form of Repurchase Notice” shall mean the “Form of Fundamental Change  Repurchase Notice” attached as Attachment 3 to the Form of Note attached hereto as Exhibit A.         “Fundamental Change” shall be deemed to have occurred at the time after the Notes are  originally issued if any of the following occurs:               (a)   a “person” or “group” within the meaning of Section 13(d) of the        Exchange Act, other than the Company, its Wholly-Owned Subsidiaries and their        respective employee benefit plans, files a Schedule TO or any schedule, form or report        under the Exchange Act disclosing that such person has become the direct or indirect        “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of shares of the        Company’s Common Equity representing more than 50% of the total voting power of all        shares of the Company’s Common Equity entitled to vote generally in elections of        directors;               (b)   the consummation of (i) any recapitalization, reclassification or change of        the Common Stock (other than changes resulting from a subdivision or combination) as a        result of which the Common Stock would be converted into, or exchanged for, stock,        other securities, or other property or assets; (ii) any share exchange, consolidation or        merger of the Company pursuant to which the Common Stock will be converted into    064310-0812-15924-Active.25775846.6                                              5  

 

           cash, securities or other property or assets (including any combination thereof); or (iii)         any sale, lease or other transfer in one transaction or a series of transactions of all or         substantially all of the Company’s and its Subsidiaries’ consolidated assets, taken as a         whole, to any Person other than one or more of the Company’s Wholly-Owned        Subsidiaries; provided, however, that a transaction described in clause (i) or (ii) in which        the holders of all classes of the Company’s Common Equity immediately prior to such        transaction own, directly or indirectly, more than 50% of all classes of the Common        Equity of the continuing or surviving corporation or transferee or the parent thereof        immediately after such transaction in substantially the same proportions as such        ownership immediately prior to such transaction shall not be a Fundamental Change        pursuant to this clause (b);               (c)   the stockholders of the Company approve any plan or proposal for the        liquidation or dissolution of the Company; or               (d)   the Common Stock (or other common stock underlying the Notes) ceases        to be listed or quoted on any of The NASDAQ Global Select Market, The NASDAQ        Global Market or The New York Stock Exchange, (or any of their respective successors);   provided, however, that a transaction or transactions described in clauses (a) or (b) above shall  not constitute a Fundamental Change, if at least 90% of the consideration received or to be  received by the holders of the Company’s Common Stock, excluding cash payments for  fractional shares and cash payments made in respect of dissenters’ appraisal rights, in connection   with such transaction or transactions consists of shares of common stock that are listed or quoted   on any of The NASDAQ Global Select Market, The NASDAQ Global Market or The New York  Stock Exchange (or any of their respective successors) or will be so listed or quoted when issued   or exchanged in connection with such transaction or transactions, and as a result of such   transaction or transactions such consideration becomes the Reference Property for the Notes   (subject to the provisions set forth in Section 14.02).    Any event, transaction or series of related transactions that constitute a Fundamental Change   under both clause (a) and clause (b) above will be deemed to be a fundamental change solely   under clause (b) above.          “Fundamental Change Company Notice” shall have the meaning specified in Section   15.01(c).          “Fundamental Change Repurchase Date” shall have the meaning specified in Section   15.01(a).          “Fundamental Change Repurchase Notice” shall have the meaning specified in Section   15.01(b)(i).          “Fundamental Change Repurchase Price” shall have the meaning specified in Section   15.01(a).          “Global Note” shall have the meaning specified in Section 2.05(a).     064310-0812-15924-Active.25775846.6                                               6  

 

         “Holder,” as applied to any Note, or other similar terms (but excluding the term  “beneficial holder”), shall mean any Person in whose name at the time a particular Note is  registered on the Note Register. The registered Holder of a Note shall be treated as its owner for  all purposes.         “Indenture” means this instrument as originally executed or, if amended or  supplemented as herein provided, as so amended or supplemented.         “Initial Dividend Threshold” shall have the meaning specified in Section 14.04(d).         “Interest Payment Date” means May 15 and November 15 of each year, beginning on  November 15, 2018.         “Issue Date” means May 11, 2018.         “Last Reported Sale Price” of the Common Stock on any date means:               (a)   the closing sale price per share (or if no closing sale price is reported, the        average of the bid and ask prices or, if more than one in either case, the average of the        average bid and the average ask prices) on such date as reported in composite        transactions for the Relevant Stock Exchange;               (b)   if the Common Stock is not listed for trading on a Relevant Stock        Exchange on such date, the last quoted bid price per share for the Common Stock in the        over-the-counter market on such date as reported by OTC Markets Group Inc. or a        similar organization; and               (c)   if the Common Stock is not so quoted, the average of the mid-point of the        last bid and ask prices per share for the Common Stock on such date from each of at least        three nationally recognized independent investment banking firms selected by the        Company for this purpose.         “Make-Whole Fundamental Change” means any transaction or event that constitutes a  Fundamental Change, after giving effect to any exceptions to or exclusions from the definition of  Fundamental Change, but without regard to the proviso in clause (b) of such definition.         “Make-Whole Fundamental Change Company Notice” shall have the meaning  specified in Section 14.03(b).         “Market Disruption Event” means:               (a)   a failure by the Relevant Stock Exchange to open for trading during its        regular trading session; or               (b)   the occurrence or existence prior to 1:00 p.m., New York City time, on        any Scheduled Trading Day for the Common Stock for more than one half-hour period in        the aggregate during regular trading hours of any suspension or limitation imposed on        trading (by reason of movements in price exceeding limits permitted by the Relevant    064310-0812-15924-Active.25775846.6                                              7  

 

         Stock Exchange or otherwise) in the Common Stock or in any option contracts or futures        contracts relating to the Common Stock.         “Maturity Date” means May 15, 2038.         “Measurement Period” shall have the meaning specified in Section 14.01(b)(i).         “Note” or “Notes” shall have the meaning specified in the first paragraph of the recitals  of this Indenture.         “Note Register” shall have the meaning specified in Section 2.05.         “Note Registrar” shall have the meaning specified in Section 2.05.         “Notice of Conversion” shall have the meaning specified in Section 14.02(b)(ii).         “Observation Period” with respect to any Note surrendered for conversion means:               (a)   subject to clause (b) below, if the relevant Conversion Date occurs prior to        February 15, 2023, the 25 consecutive VWAP Trading Day period beginning on, and        including, the second VWAP Trading Day immediately succeeding such Conversion        Date;               (b)   if the relevant Conversion Date occurs on or after the date of the        Company’s issuance of a Redemption Notice with respect to the Notes pursuant to        Section 9.02 and prior to the close of business on the second Scheduled Trading Day        immediately preceding the relevant Redemption Date, the 25 consecutive VWAP trading        days beginning on, and including, the 27th Scheduled Trading Day immediately        preceding such Redemption Date; and               (c)   subject to clause (b) above, if the relevant Conversion Date occurs on or        after February 15, 2023, the 25 consecutive VWAP Trading Day period beginning on,        and including, the 27th Scheduled Trading Day immediately preceding the Maturity        Date.          “Offering Memorandum” means the preliminary offering memorandum dated May 7,  2018, relating to the offering and sale of the Notes, as supplemented by the related pricing term  sheet dated May 8, 2018.         “Officer” means, with respect to any Person, the Chairman of the Board of Directors, the  Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer,  the Treasurer, any Assistant Treasurer, any Vice President, any Executive Vice President, the  Controller, the Secretary, any Assistant Secretary or any Vice President of such Person (whether  or not designated by numbers or words added before or after the title).         “Officers’ Certificate” means a certificate signed on behalf of the Company by two  Officers of the Company, one of whom must be the principal executive officer, the principal    064310-0812-15924-Active.25775846.6                                              8  

 

     financial officer, the treasurer or the principal accounting officer of the Company, that meets the   requirements of Section 17.06.          “open of business” means 9:00 a.m. (New York City time).          “Opinion of Counsel” means an opinion from legal counsel, which is reasonably   acceptable to the Trustee, that meets the requirements of Section 17.06, which opinion may   contain customary exemptions and qualifications as to the matters set forth herein.  The counsel  may be an employee of or counsel to the Company or any Subsidiary of the Company.         “Optional Put” shall have the meaning specified in Section 16.01(a).         “Optional Put Notice” shall have the meaning specified in Section 16.01(b).         “Optional Redemption” shall have the meaning specified in Section 9.01.         “outstanding,” when used with reference to Notes, shall, subject to the provisions of   Section 8.04, mean, as of any particular time, all Notes authenticated and delivered by the   Trustee under this Indenture, except:                (a)   Notes theretofore canceled by the Trustee or accepted by the Trustee for         cancellation;                (b)   Notes, or portions thereof, that have become due and payable and in         respect of which monies in the necessary amount shall have been deposited in trust with         the Trustee or with any Paying Agent (other than the Company) or shall have been set         aside and segregated in trust by the Company (if the Company shall act as its own Paying         Agent);                (c)   Notes that have been paid pursuant to Section 2.06 or Notes in lieu of         which, or in substitution for which, other Notes shall have been authenticated and         delivered pursuant to the terms of Section 2.06 unless proof satisfactory to the Trustee is         presented that any such Notes are held by protected purchasers in due course;                (d)   Notes surrendered for purchase in accordance with Article 15 or Article 16         for which the Paying Agent holds money sufficient to pay the Repurchase Price or        Fundamental Change Repurchase Price, as applicable, in accordance with Section 15.03        or 16.03, as applicable;               (e)   Notes converted pursuant to Article 14 and required to be cancelled         pursuant to Section 2.08;                (f)   Notes redeemed pursuant to Article 9; and                (g)   Notes repurchased by the Company and delivered to the Company for         cancellation.          “Paying Agent” shall have the meaning specified in Section 4.02.     064310-0812-15924-Active.25775846.6                                               9  

 

         “Person” means any individual, corporation, partnership, joint venture, association, joint- stock company, trust, unincorporated organization, limited liability company or government or  other entity.         “Physical Settlement” shall have the meaning provided in Section 14.02(a).         “Predecessor Note” of any particular Note means every previous Note evidencing all or  a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this  definition, any Note authenticated and delivered under Section 2.06 in lieu of or in exchange for  a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the  mutilated, lost, destroyed or stolen Note that it replaces.         “Purchase Agreement” means the Purchase Agreement relating to the Notes, dated May  8, 2018, between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, for  itself and as representative of the other initial purchasers named therein, if any.          “Record Date” means, with respect to any dividend, distribution or other transaction or  event in which the holders of Common Stock have the right to receive any cash, securities or  other property or in which the Common Stock is exchanged for or converted into any  combination of cash, securities or other property, the date fixed for determination of holders of  Common Stock entitled to receive such cash, securities or other property (whether such date is  fixed by the Board of Directors, statute, contract or otherwise).         “Redemption Date” shall have the meaning specified in Section 9.02(a).         “Redemption Notice” shall have the meaning specified in Section 9.02(a).         “Redemption Price” means, for any Notes to be redeemed pursuant to Section 9.01,  100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, to, but not  including, the Redemption Date (unless the Redemption Date falls after a Regular Record Date  but on or prior to the immediately succeeding Interest Payment Date, in which case the Company  shall pay on the immediately succeeding Interest Payment Date the full amount of accrued and  unpaid interest to the Holders of record as of the close of business on such Regular Record Date,  and the Redemption Price will be equal to 100% of the principal amount of such Notes).         “Reference Property” shall have the meaning specified in Section 14.07(a).         “Regular Record Date,” with respect to any Interest Payment Date, shall mean the May  1 and November 1 (whether or not such day is a Business Day), as the case may be, immediately  preceding such Interest Payment Date.         “Relevant Stock Exchange” means The NASDAQ Global Select Market or, if the  Common Stock is not then listed on The NASDAQ Global Select Market, the principal other  U.S. national or regional securities exchange on which the Common Stock (or any other security)  is then listed.         “Repurchase Price” shall have the meaning specified in Section 16.01.    064310-0812-15924-Active.25775846.6                                              10  

 

           “Repurchase Date” shall have the meaning specified in Section 16.01.          “Resale Restriction Termination Date” shall have the meaning specified in Section   2.05(b).          “Responsible Officer” means, when used with respect to the Trustee, any officer within   the corporate trust department of the Trustee, including any vice president, assistant vice   president, assistant secretary, senior associate, associate, trust officer or any other officer of the   Trustee who customarily performs functions similar to those performed by the Persons who at   the time shall be such officers, respectively, or to whom any corporate trust matter relating to this   Indenture is referred because of such person’s knowledge of and familiarity with the particular   subject and who, in each case, shall have direct responsibility for the administration of this   Indenture.          “Restricted Securities” shall have the meaning specified in Section 2.05(b).          “Rule 144” means Rule 144 as promulgated under the Securities Act (or any successor  provision), as it may be amended from time to time.         “Rule 144A” means Rule 144A as promulgated under the Securities Act (or any  successor provision), as it may be amended from time to time.          “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the  Relevant Stock Exchange.  If the Common Stock is not so listed or admitted for trading on a  Relevant Stock Exchange, “Scheduled Trading Day” means a “Business Day.”         “Securities Act” means the Securities Act of 1933, as amended, and the rules and  regulations promulgated thereunder.         “Settlement Amount” has the meaning specified in Section 14.02(a)(iii).         “Settlement Method” means, with respect to any conversion of Notes, Physical  Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been  elected) by the Company.         “Specified Corporate Event” shall have the meaning specified in Section 14.07(a).         “Specified Dollar Amount” means, with respect to any conversion of Notes, the  maximum cash amount per $1,000 principal amount of Notes to be received upon conversion as  specified by the Company (or deemed specified) in the notice specifying the Company’s chosen  Settlement Method.         “Spin-Off” shall have the meaning specified in Section 14.04(c).         “Stock Price” shall have the meaning specified in  Section 14.03(c).         “Subsidiary” means, with respect to any specified Person:     064310-0812-15924-Active.25775846.6                                               11  

 

                 (a)   any corporation, association or other business entity (other than a         partnership) of which more than 50% of the total voting power of Capital Stock of such         Person that is at the time entitled (without regard to the occurrence of any contingency) to        vote in the election of the Board of Directors or comparable governing body of such        Person (in the case of a limited liability company, the voting power to elect managers or        otherwise control the actions of such limited liability company), is at the time owned or        controlled, directly or through another Subsidiary, by that Person or one or more of the        other Subsidiaries of that Person (or a combination thereof); and               (b)   any partnership (1) the sole general partner or the managing general        partner of which is such Person or a Subsidiary of such Person or (2) the only general        partners of which are that Person or one or more Subsidiaries of that Person.         “Successor Company” shall have the meaning specified in Section 11.01(a)(i).         “Trading Day” means a day on which:               (a)   trading in the Common Stock (or other security for which a Last Reported         Sale Price must be determined) generally occurs on the Relevant Stock Exchange or, if        the Common Stock (or such other security) is not then listed on a Relevant Stock        Exchange, on the principal other market on which the Common Stock (or such other        security) is then traded; and               (b)   a Last Reported Sale Price for the Common Stock (or Last Reported Sale        Price for such other security) is available on the Relevant Stock Exchange or such other        market;   provided, that, if the Common Stock (or such other security) is not so listed or traded, “Trading  Day” means a “Business Day.”         “Trading Price” per $1,000 principal amount of the Notes on any date of determination  means the average of the secondary market bid quotations obtained in writing by the Bid  Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m. (New  York City time) on such determination date from three independent nationally recognized  securities dealers the Company selects for this purpose; provided that if three such bids cannot  reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the  average of such two bids shall be used, and if only one such bid can reasonably be obtained by  the Bid Solicitation Agent, that one bid shall be used. If the Bid Solicitation Agent cannot  reasonably obtain at least one bid for $5,000,000 principal amount of Notes from a nationally  recognized securities dealer, then the Trading Price per $1,000 principal amount of Notes shall  be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common  Stock and the Conversion Rate on such day.         “transfer” shall have the meaning specified in Section 2.05(b).         “Trigger Event” shall have the meaning specified in Section 14.04(c).     064310-0812-15924-Active.25775846.6                                               12  

 

           “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in   force at the date of execution of this Indenture; provided, however, that in the event the Trust  Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act” shall  mean, to the extent required by such amendment, the Trust Indenture Act of 1939, as so  amended.         “Trustee” means the Person named as the “Trustee” in the first paragraph of this  Indenture until a successor trustee shall have become such pursuant to the applicable provisions  of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a  Trustee hereunder.         “Unit of Reference Property” shall have the meaning specified in Section 14.07(a).         “Valuation Period” shall have the meaning specified in Section 14.04(c).         “VWAP Trading Day” means a day on which:               (a)   there is no Market Disruption Event; and               (b)   trading in the Common Stock generally occurs on the Relevant Stock        Exchange.         If the Common Stock is not so listed or admitted for trading on any Relevant Stock  Exchange, “VWAP Trading Day” means a “Business Day.”         “Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100%  of the outstanding Capital Stock or other ownership interests of which (other than directors’  qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned  Subsidiaries of such Person.         Section 1.02 References to Interest.  Unless the context otherwise requires, any  reference to interest on, or in respect of, any Note in this Indenture shall be deemed to include  Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant  to any of Section 4.06(d), Section 4.06(e) and Section 6.03. Unless the context otherwise  requires, any express mention of Additional Interest in any provision hereof shall not be  construed as excluding Additional Interest in those provisions hereof where such express  mention is not made.                                      ARTICLE 2           ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES          Section 2.01 Designation and Amount.  The Notes shall be designated as the “2.00%   Convertible Senior Notes due 2038.” The aggregate principal amount of Notes that may be   authenticated and delivered under this Indenture is initially limited to $200,000,000 and in an  additional principal amount of up to $30,000,000 upon exercise of the option granted to the   initial purchasers of the Notes in the Purchase Agreement, subject to Section 2.10 and except for   Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu   of other Notes to the extent expressly permitted hereunder.    064310-0812-15924-Active.25775846.6                                               13  

 

           Section 2.02 Form of Notes.  The Notes and the Trustee’s certificate of authentication   to be borne by such Notes shall be substantially in the respective forms set forth in Exhibit A, the   terms and provisions of which shall constitute, and are hereby expressly incorporated in and   made a part of this Indenture.  To the extent applicable, the Company and the Trustee, by their  execution and delivery of this Indenture, expressly agree to such terms and provisions and to be  bound thereby.  In the case of any conflict between this Indenture and a Note, the provisions of   this Indenture shall control and govern to the extent of such conflict.          Any Global Note may be endorsed with or have incorporated in the text thereof such   legends or recitals or changes not inconsistent with the provisions of this Indenture as may be   required by the Custodian or the Depositary, or as may be required to comply with any   applicable law or any regulation thereunder or with the rules and regulations of any securities   exchange or automated quotation system upon which the Notes may be listed or traded or  designated for issuance or to conform with any usage with respect thereto, or to indicate any  special limitations or restrictions to which any particular Notes are subject.         Any of the Notes may have such letters, numbers or other marks of identification and  such notations, legends or endorsements as any Officer executing the same may approve  (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with   the provisions of this Indenture, or as may be required to comply with any law or with any rule   or regulation made pursuant thereto or with any rule or regulation of any securities exchange or   automated quotation system on which the Notes may be listed or designated for issuance, or to   conform to usage or to indicate any special limitations or restrictions to which any particular   Notes are subject.          Each Global Note shall represent such principal amount of the outstanding Notes as shall   be specified therein and shall provide that it shall represent the aggregate principal amount of   outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of   outstanding Notes represented thereby may from time to time be increased or reduced to reflect   purchases, cancellations, conversions, transfers or exchanges permitted hereby.  Any   endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of   outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the   direction of the Trustee, in such manner and upon instructions given by the Holder of such Notes   in accordance with this Indenture.  Payment of principal (including the Redemption Price,   Repurchase Price and Fundamental Change Repurchase Price, if applicable) of, and accrued and   unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of   payment, unless a record date or other means of determining Holders eligible to receive payment   is provided for herein.          Section 2.03 Date and Denomination of Notes; Payments of Interest and Defaulted   Amounts.          (a)   The Notes shall be issuable in registered form without coupons in minimum   denominations of $1,000 principal amount and integral multiples thereof.  Each Note shall be   dated the date of its authentication and shall bear interest from the date specified on the face of   the form of Note attached as Exhibit A hereto.  Accrued interest on the Notes shall be computed     064310-0812-15924-Active.25775846.6                                               14  

 

     on the basis of a 360-day year composed of twelve 30-day months and, for a partial month, on   the basis of the number of days actually elapsed in a 30-day month.          (b)   The Person in whose name any Note (or its Predecessor Note) is registered on the   Note Register at the close of business on the Regular Record Date immediately preceding the   relevant Interest Payment Date shall be entitled to receive the interest payable on such Interest   Payment Date.  Interest shall be payable at the office or agency of the Company maintained by   the Company for such purposes, which shall initially be the Corporate Trust Office.  The  Company shall pay interest:               (i)   on any Certificated Notes (A) to Holders of Certificated Notes having an        aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of these        Notes at their address as it appears in the Note Register and (B) to Holders of Certificated        Notes having an aggregate principal amount of more than $5,000,000, either by check        mailed to such Holders or, upon application by such a Holder to the Paying Agent not        later than the relevant Regular Record Date, by wire transfer in immediately available        funds to that Holder’s account within the United States, which application shall remain in        effect until the Holder notifies the Note Registrar to the contrary in writing; and               (ii)  on any Global Note by wire transfer of immediately available funds to the        account of the Depositary or its nominee.         (c)   Any Defaulted Amounts shall forthwith cease to be payable to the Holder on the  relevant payment date but shall accrue interest per annum at the rate borne by the Notes from,  and including, such relevant payment date, and such Defaulted Amounts together with such  interest thereon shall be paid by the Company, at its election in each case, as provided in clause   (i) or (ii) below:                (i)   The Company may elect to make payment of any Defaulted Amounts to         the Persons in whose names the Notes (or their respective Predecessor Notes) are         registered at the close of business on a special record date for the payment of such         Defaulted Amounts, which shall be fixed in the following manner.  The Company shall         notify the Trustee in writing of the amount of the Defaulted Amounts proposed to be paid         on each Note and the date of the proposed payment (which shall be not less than 25 days         after the receipt by the Trustee of such notice, unless the Trustee shall consent to an         earlier date), and at the same time the Company shall deposit with the Trustee an amount         of money equal to the aggregate amount to be paid in respect of such Defaulted Amounts         or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the         date of the proposed payment, such money when deposited to be held in trust for the         benefit of the Persons entitled to such Defaulted Amounts as in this clause provided.          Thereupon the Company shall fix a special record date for the payment of such Defaulted         Amounts which shall be not more than 15 days and not less than 10 days prior to the date        of the proposed payment, and not less than 10 days after the receipt by the Trustee of the        notice of the proposed payment.  The Company shall promptly notify the Trustee in        writing of such special record date and the Trustee, in the name and at the expense of the        Company, shall cause notice of the proposed payment of such Defaulted Amounts and        the special record date therefor to be sent to each Holder at its address as it appears in the     064310-0812-15924-Active.25775846.6                                               15  

 

         Note Register or electronically in accordance with the Applicable Procedures, not less        than 10 days prior to such special record date.  Notice of the proposed payment of such        Defaulted Amounts and the special record date therefor having been sent, such Defaulted        Amounts shall be paid to the Persons in whose names the Notes (or their respective        Predecessor Notes) are registered at the close of business on such special record date and        shall no longer be payable pursuant to the following clause (ii) of this Section 2.03(c).        The Trustee shall have no responsibility whatsoever for the calculation of the Defaulted       Amounts.              (ii)  The Company may make payment of any Defaulted Amounts in any other       lawful manner not inconsistent with the requirements of any securities exchange or       automated quotation system on which the Notes may be listed or designated for issuance,       and upon such notice as may be required by such exchange or automated quotation       system and the Depositary, if, after written notice given by the Company to the Trustee of        the proposed payment pursuant to this clause, such manner of payment shall be deemed        reasonably satisfactory to the Trustee.         Section 2.04 Execution, Authentication and Delivery of Notes.  The Notes shall be  signed in the name and on behalf of the Company by the manual or facsimile signature of at least  one of its Officers. If an Officer whose signature is on a Note no longer holds that office at the  time the Trustee authenticates the Note, the Note shall be valid nevertheless.         At any time and from time to time after the execution and delivery of this Indenture, the  Company may deliver Notes executed by the Company to the Trustee for authentication, together  with a Company Order for the authentication and delivery of such Notes and the documents  required under Section 17.06 hereto, and the Trustee in accordance with such Company Order  shall authenticate and deliver such Notes, without any further action by the Company hereunder;  provided that the Trustee shall be entitled to receive an Officers’ Certificate and an Opinion of  Counsel of the Company with respect to the issuance, authentication and delivery of such Notes.         Only such Notes as shall bear thereon a certificate of authentication substantially in the  form set forth on the form of Note attached as Exhibit A hereto, executed manually by an  authorized signatory of the Trustee (or an authenticating agent appointed by the Trustee as  provided by Section 17.11), shall be entitled to the benefits of this Indenture or be valid or  obligatory for any purpose.  Such certificate by the Trustee (or such an authenticating agent)  upon any Note executed by the Company shall be conclusive evidence that the Note so  authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled  to the benefits of this Indenture.         In case any Officer of the Company who shall have signed any of the Notes shall cease to  be such Officer before the Notes so signed shall have been authenticated and delivered by the  Trustee, or disposed of by the Company, such Notes nevertheless may be authenticated and  delivered or disposed of as though the Person who signed such Notes had not ceased to be such  Officer of the Company; and any Note may be signed on behalf of the Company by such persons  as, at the actual date of the execution of such Note, shall be an Officer of the Company, although  at the date of the execution of this Indenture any such Person was not such an Officer.    064310-0812-15924-Active.25775846.6                                              16  

 

           Section 2.05 Exchange and Registration of Transfer of Notes; Restrictions on Transfer;   Depositary.  The Company shall cause to be kept at the Corporate Trust Office a register (the   register maintained in such office or in any other office or agency of the Company designated   pursuant to Section 4.02, the “Note Register”) in which, subject to such reasonable regulations   or procedures as it may prescribe, the Company shall provide for the registration of Notes and   transfers of Notes.  Such register shall be in written form or in any form capable of being   converted into written form within a reasonable period of time.  The Trustee is hereby initially   appointed the “Note Registrar” for the purpose of registering Notes and transfers of Notes as   herein provided.  The Company may appoint one or more co-Note Registrars in accordance with   Section 4.02.          Upon surrender for registration of transfer of any Note to the Note Registrar or any co-  registrar, and satisfaction of the requirements for such transfer set forth in this Section 2.05, the   Company shall execute, and the Trustee shall authenticate and deliver, in the name of the   designated transferee or transferees, one or more new Notes of any authorized denominations   and of a like aggregate principal amount and bearing such restrictive legends as may be required   by this Indenture.          Notes may be exchanged for other Notes of any authorized denominations and of a like   aggregate principal amount, upon surrender of the Notes to be exchanged at any such office or   agency maintained by the Company pursuant to Section 4.02.  Whenever any Notes are so   surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and   deliver, the Notes that the Holder making the exchange is entitled to receive, bearing registration   numbers not contemporaneously outstanding.          All Notes presented or surrendered for registration of transfer or for exchange, repurchase   or conversion shall (if so required by the Company, the Trustee, the Note Registrar or any co- Note Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of  transfer in form satisfactory to the Company and duly executed, by the Holder thereof or its  attorney-in-fact duly authorized in writing.         No service charge shall be imposed by the Company, the Trustee, the Note Registrar or  any co-Note Registrar for any registration of transfer of Notes or exchange of Notes, but the  Company or the Trustee may require a Holder to pay a sum sufficient to cover any transfer tax or  other similar governmental charge required by law or permitted pursuant to this Indenture.         None of the Company, the Trustee, the Note Registrar or any co-Note Registrar shall be  required to exchange, register a transfer or transfer (i) any Notes selected for redemption, or if a  portion of any Note is selected for redemption, such portion thereof selected for redemption in  accordance with Article 9; (ii) any Notes surrendered for conversion or, if a portion of any Note  is surrendered for conversion, such portion thereof surrendered for conversion; or (iii) any Notes,  or a portion of any Note, surrendered for repurchase (and not withdrawn) in accordance with  Article 15.         All Notes issued upon any registration of transfer of Notes or exchange of Notes in  accordance with this Indenture shall be the valid obligations of the Company, evidencing the     064310-0812-15924-Active.25775846.6                                               17  

 

   same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon  such registration of transfer or exchange.         (a)   So long as the Notes are eligible for book-entry settlement with the Depositary,  unless otherwise required by law, subject to the fourth paragraph from the end of Section 2.05(b)  all Notes shall be represented by one or more Notes in global form (each, a “Global Note”)  registered in the name of the Depositary or the nominee of the Depositary.  The transfer and  exchange of beneficial interests in a Global Note that does not involve the issuance of a  Certificated Note, shall be effected through the Depositary (but not the Trustee or the Custodian)  in accordance with this Indenture (including the restrictions on transfer set forth herein) and the  Applicable Procedures.         (b)   Every Note that bears or is required under this Section 2.05(b) to bear the legend  set forth in this Section 2.05(b) (together with any Common Stock issued upon conversion of the  Notes and required to bear the legend set forth in Section 2.05(c), collectively, the “Restricted  Securities”) shall be subject to the restrictions on transfer set forth in this Section 2.05(b)  (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 2.05(b) and Section 2.05(c), the term “transfer” encompasses  any sale, pledge, transfer or other disposition whatsoever of any Restricted Security.         Until the date (the “Resale Restriction Termination Date”) that is the later of (1) the  date that is one year after the later of (x) the Issue Date and (y) the date upon which additional  Notes are issued following exercise of the option granted to the initial purchasers of the Notes in  the Purchase Agreement, or such shorter period of time as permitted by Rule 144 under the  Securities Act, and (2) such later date, if any, as may be required by applicable law, any  certificate evidencing such Note (and all securities issued in exchange therefor or substitution  thereof, other than Common Stock, if any, issued upon conversion thereof which shall bear the  legend set forth in Section 2.05(c), if applicable) shall bear a legend in substantially the  following form (unless such Notes have been transferred pursuant to a registration statement that  has become or been declared effective under the Securities Act and that continues to be effective  at the time of such transfer, or sold pursuant to the exemption from registration provided by Rule  144 or any similar provision then in force under the Securities Act, or unless otherwise agreed by  the Company in writing, with notice thereof to the Trustee):               THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON        CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER        THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND        MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED        EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS        ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE        ACQUIRER:               (1)   REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS        ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING    064310-0812-15924-Active.25775846.6                                              18  

 

         OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE        INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND               (2)   AGREES FOR THE BENEFIT OF HOPE BANCORP, INC. (THE        “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE        TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR        TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST        ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS        PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR        PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE        REQUIRED BY APPLICABLE LAW EXCEPT:                     (A)   TO THE COMPANY OR ANY SUBSIDIARY THEREOF;                     (B)   PURSUANT TO AN EFFECTIVE REGISTRATION              STATEMENT OF THE COMPANY THAT COVERS THE RESALE OF THIS              SECURITY OR SUCH COMMON STOCK;                     (C)   TO A QUALIFIED INSTITUTIONAL BUYER IN              COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR                     (D)   PURSUANT TO AN EXEMPTION FROM REGISTRATION              PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER              AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS              OF THE SECURITIES ACT.               PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE        WITH (2)(D) ABOVE, THE COMPANY AND THE TRUSTEE RESERVE THE        RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS,        CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE        REQUIRED IN ORDER FOR THE COMPANY TO DETERMINE THAT THE        PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE        SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO        REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION        FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.         No transfer of any Note prior to the Resale Restriction Termination Date will be  registered by the Note Registrar unless the applicable box on the Form of Assignment and  Transfer has been checked.         On any Resale Restriction Termination Date, the Company shall, at its option, deliver to  the Trustee a certificate in the form of Exhibit B hereto executed by an Officer of the Company,  and upon the Trustee’s receipt of such certificate the restrictive legend required by this Section  2.05(b) and compliance with the Applicable Procedures shall be deemed removed from any  Global Notes representing such Notes without further action on the part of Holders. If the  Company delivers such a certificate to Trustee, the Company shall: (i) notify Holders of the  Notes that the restrictive legend required by this Section 2.05(b) has been removed or deemed  removed; and (ii) instruct the Depositary to change the CUSIP number for the Notes to the   064310-0812-15924-Active.25775846.6                                              19  

 

   unrestricted CUSIP number for the Notes. It is understood that the Depositary of any Global  Note may require a mandatory exchange or other process to cause such Global Note to be  identified by an unrestricted CUSIP number in the facilities of such Depositary. For the  avoidance of doubt, for Notes that are not in certificated form, the Notes shall continue to bear  Additional Interest pursuant to this paragraph until such time as they are identified by an  unrestricted CUSIP number in the facilities of the Depositary or any successor depositary for the  Notes, as a result of completion of the Depositary’s mandatory exchange process or otherwise.         Any Note (or security issued in exchange or substitution therefor) (i) as to which such  restrictions on transfer shall have expired in accordance with their terms, (ii) that has been  transferred pursuant to a registration statement that has become effective or been declared  effective under the Securities Act and that continues to be effective at the time of such transfer or  (iii) that has been sold pursuant to the exemption from registration provided by Rule 144 or any  similar provision then in force under the Securities Act, may, upon surrender of such Note for  exchange to the Note Registrar in accordance with the provisions of this Section 2.05, be  exchanged for a new Note or Notes, of like tenor and aggregate principal amount, which shall  not bear the restrictive legend required by this Section 2.05(b) and shall not be assigned a  restricted CUSIP number.         The Company shall be entitled to instruct the Custodian in writing to so surrender any  Global Note as to which such restrictions on transfer shall have expired in accordance with their  terms for exchange, and, upon such instruction, the Custodian shall so surrender such Global  Note for exchange; and any new Global Note so exchanged therefor shall not bear the restrictive  legend specified in this Section 2.05(b) and shall not be assigned a restricted CUSIP number.   The Company shall promptly notify the Trustee upon the occurrence of the Resale Restriction  Termination Date and promptly after a registration statement, if any, with respect to the Notes or  any Common Stock issued upon conversion of the Notes has been declared effective under the  Securities Act. Any exchange pursuant to the foregoing paragraph shall be in accordance with  the Applicable Procedures.         Notwithstanding any other provisions of this Indenture (other than the provisions set forth  in this Section 2.05(b)), a Global Note may not be transferred as a whole or in part except (i) by  the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the  Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a  successor Depositary or a nominee of such successor Depositary and (ii) for transfers of portions  of a Global Note in certificated form made upon request of a member of, or a participant in, the  Depositary (for itself or on behalf of a beneficial owner) by written notice given to the Trustee  by or on behalf of the Depositary in accordance with Applicable Procedures and in compliance  with this Section 2.05(b).         The Depositary shall be a clearing agency registered under the Exchange Act.  The  Company initially appoints The Depository Trust Company to act as the “Depositary” with  respect to each Global Note.  Initially, each Global Note shall be issued to the Depositary,  registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the  Trustee as custodian for Cede & Co.         If:    064310-0812-15924-Active.25775846.6                                              20  

 

           (a)   the Depositary (i) notifies the Company at any time that the Depositary is   unwilling or unable to continue as depositary for the Global Notes and a successor depositary is  not appointed within 90 days or (ii) ceases to be a clearing agency registered under the Exchange   Act and a successor depositary is not appointed within 90 days; or          (b)   there has occurred and is continuing an Event of Default and a beneficial owner of   any Note requests through the Depositary that its beneficial interest therein be issued in a  Certificated Note,   the Company shall execute, and the Trustee, upon receipt of an Officers’ Certificate, an Opinion  of Counsel and a Company Order for the authentication and delivery of Notes, shall authenticate  and deliver Certificated Notes to each beneficial owner of the related Global Notes (or a portion  thereof) in an aggregate principal amount equal to the aggregate principal amount of such Global  Notes in exchange for such Global Notes, and upon delivery of the Global Notes to the Trustee  such Global Notes shall be canceled.         Certificated Notes issued in exchange for all or a part of the Global Note pursuant to this  Section 2.05(b) shall be registered in such names and in such authorized denominations as the   Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall   instruct the Trustee.  Upon execution and authentication, the Trustee shall deliver such   Certificated Notes to the Persons in whose names such Certificated Notes are so registered.          At such time as all interests in a Global Note have been converted, canceled, redeemed,  purchased or transferred, such Global Note shall be, upon receipt thereof, canceled by the   Trustee in accordance with Applicable Procedures and existing instructions between the   Depositary and the Custodian.  At any time prior to such cancellation, if any interest in a Global   Note is exchanged for Certificated Notes, converted, canceled, redeemed, purchased or   transferred to a transferee who receives Certificated Notes therefor or any Certificated Note is   exchanged or transferred for part of such Global Note, the principal amount of such Global Note   shall, in accordance with the Applicable Procedures and instructions existing between the   Depositary and the Custodian, be appropriately reduced or increased, as the case may be, and an   endorsement shall be made on such Global Note, by the Trustee or the Custodian, at the direction   of the Trustee, to reflect such reduction or increase.          None of the Company, the Trustee or any agent of the Company or the Trustee shall have   any responsibility or liability for any aspect of the records relating to or payments made on   account of beneficial ownership interests of a Global Note or maintaining, supervising or   reviewing any records relating to such beneficial ownership interests. Neither the Company nor   the Trustee shall have any responsibility or liability for any act or omission of the Depositary.          (c)   Until the Resale Restriction Termination Date, any stock certificate representing   Common Stock issued upon conversion of a Note shall bear a legend in substantially the   following form (unless the Note or such Common Stock has been transferred pursuant to a   registration statement that has become or been declared effective under the Securities Act and   that continues to be effective at the time of such transfer, or pursuant to the exemption from   registration provided by Rule 144 or any similar provision then in force under the Securities Act,     064310-0812-15924-Active.25775846.6                                               21  

 

   or unless otherwise agreed by the Company in writing, with notice thereof to the Trustee and any  transfer agent for the Common Stock):               THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES       ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE       OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN       ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION        HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:               (1)   REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS        ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING        OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE        INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND               (2)   AGREES FOR THE BENEFIT OF HOPE BANCORP, INC. (THE        “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE        TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR        TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST        ORIGINAL ISSUE DATE OF THE NOTE UPON THE CONVERSION OF WHICH        SECURITY WAS ISSUED OR SUCH SHORTER PERIOD OF TIME AS PERMITTED        BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION        THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY        APPLICABLE LAW EXCEPT:                     (A)   TO THE COMPANY OR ANY SUBSIDIARY THEREOF;                     (B)   PURSUANT TO AN EFFECTIVE REGISTRATION              STATEMENT OF THE COMPANY THAT COVERS THE RESALE OF THIS              SECURITY OR SUCH COMMON STOCK;                     (C)   TO A QUALIFIED INSTITUTIONAL BUYER IN              COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR                     (D)   PURSUANT TO AN EXEMPTION FROM REGISTRATION              PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER              AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS              OF THE SECURITIES ACT.               PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE        WITH (2)(D) ABOVE, THE COMPANY AND THE TRANSFER AGENT FOR THE        COMMON STOCK RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF        SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY        REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE        PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE        SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO        REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION        FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.    064310-0812-15924-Active.25775846.6                                              22  

 

           (d)   Any such Common Stock (i) as to which such restrictions on transfer shall have  expired in accordance with their terms, (ii) that has been transferred pursuant to a registration  statement that has become or been declared effective under the Securities Act and that continues  to be effective at the time of such transfer or (iii) that has been sold pursuant to the exemption  from registration provided by Rule 144 or any similar provision then in force under the  Securities Act, 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 restrictive legend required by Section 2.05(c).         (e)   Any Note that is repurchased or owned by an Affiliate of the Company (or any  Person who was an Affiliate of the Company at any time during the three months preceding) may  not be resold by 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 Note no longer being a “restricted security” (as defined under Rule 144 under the Securities   Act). The Trustee shall have no obligation or duty to monitor, determine or inquire as to   compliance with any restrictions on transfer imposed under this Indenture or under applicable   law with respect to any transfer of any interest in any Note (including any transfers between or   among members of, or participants in, the Depositary or beneficial owners of interests in any   Global Note) other than to require delivery of such certificates and other documentation or   evidence as are expressly required by, and to do so if and when expressly required by the terms  of, this Indenture, and to examine the same to determine substantial compliance as to form with  the express requirements hereof.         (f)   Neither the Trustee nor any agent of the Trustee shall have any responsibility for  any actions taken or not taken by the Depositary.         Section 2.06 Mutilated, Destroyed, Lost or Stolen Notes.  In case any Note shall  become mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and  upon its written request the Trustee or an authenticating agent appointed by the Trustee shall  authenticate and deliver, a new Note, bearing a registration number not contemporaneously  outstanding, in exchange and substitution for the mutilated Note, or in lieu of and in substitution  for the Note so destroyed, lost or stolen.  In every case the applicant for a substituted Note shall  furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such   security or indemnity as may be reasonably required by them to save each of them harmless from   any loss, liability, cost or expense caused by or connected with such substitution, and, in every   case of destruction, loss or theft, the applicant shall also furnish to the Company, to the Trustee   and, if applicable, to such authenticating agent evidence to their satisfaction of the destruction,   loss or theft of such Note and of the ownership thereof.          The Trustee or such authenticating agent may authenticate any such substituted Note and   deliver the same upon the receipt of such security or indemnity as the Trustee, the Company and,   if applicable, such authenticating agent may reasonably require.  Upon the issuance of any   substitute Note, the Company or the Trustee may require the payment by the Holder of a sum   sufficient to cover any tax or other governmental charge that may be imposed in relation thereto   and any other expenses connected therewith.  In case any Note that has matured or is about to  mature or has been surrendered for required repurchase or is about to be converted in accordance     064310-0812-15924-Active.25775846.6                                               23  

 

     with Article 14 or redeemed in accordance with Article 9 shall become mutilated or be  destroyed, lost or stolen, the Company may, in its sole discretion, instead of issuing a substitute  Note, pay or authorize the payment of or convert or authorize the conversion of the same  (without surrender thereof except in the case of a mutilated Note), as the case may be, if the  applicant for such payment or conversion shall furnish to the Company, to the Trustee and, if  applicable, to such authenticating agent such security or indemnity as may be required by them  to save each of them harmless from any loss, liability, cost or expense caused by or connected  with such substitution, and, in every case of destruction, loss or theft, evidence satisfactory to the  Company, the Trustee and, if applicable, any Paying Agent or Conversion Agent evidence to  their satisfaction of the destruction, loss or theft of such Note and of the ownership thereof.         Every substitute Note issued pursuant to the provisions of this Section 2.06 by virtue of  the fact that any Note is destroyed, lost or stolen shall constitute an additional contractual   obligation of the Company, whether or not the destroyed, lost or stolen Note shall be found at   any time, and shall be entitled to all the benefits of (but shall be subject to all the limitations set   forth in) this Indenture equally and proportionately with any and all other Notes duly issued   hereunder.  To the extent permitted by law, all Notes shall be held and owned upon the express   condition that the foregoing provisions are exclusive with respect to the replacement or payment   or conversion or repurchase of mutilated, destroyed, lost or stolen Notes and shall preclude any   and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted   to the contrary with respect to the replacement or payment or conversion of negotiable   instruments or other securities without their surrender.          Section 2.07 Temporary Notes.  Pending the preparation of Certificated Notes, the   Company may execute and the Trustee or an authenticating agent appointed by the Trustee shall,   upon written request of the Company, authenticate and deliver temporary Notes (printed or   lithographed).  Temporary Notes shall be issuable in any authorized denomination, and  substantially in the form of the Certificated Notes but with such omissions, insertions and  variations as may be appropriate for temporary Notes, all as may be determined by the Company.   Every such temporary Note shall be executed by the Company and authenticated by the Trustee  or such authenticating agent upon the same conditions and in substantially the same manner, and  with the same effect, as the Certificated Notes.  Without unreasonable delay, the Company shall   execute and deliver to the Trustee or such authenticating agent Certificated Notes (other than any   Global Note) and thereupon any or all temporary Notes (other than any Global Note) may be   surrendered in exchange therefor, at each office or agency maintained by the Company pursuant   to Section 4.02 and the Trustee or such authenticating agent shall authenticate and deliver in   exchange for such temporary Notes an equal aggregate principal amount of Certificated Notes.   Such exchange shall be made by the Company at its own expense and without any charge  therefor.  Until so exchanged, the temporary Notes shall in all respects be entitled to the same  benefits and subject to the same limitations under this Indenture as Certificated Notes  authenticated and delivered hereunder.         Section 2.08 Cancellation of Notes Paid, Converted, Etc.  The Company shall cause all  Notes surrendered for the purpose of payment, repurchase (but excluding Notes repurchased   pursuant to cash-settled swaps or other derivatives), redemption, registration of transfer or  exchange or conversion, if surrendered to any Person other than the Trustee (including any of the  Company’s agents, Subsidiaries or Affiliates), to be delivered to the Trustee for cancellation, and    064310-0812-15924-Active.25775846.6                                               24  

 

     such Notes shall no longer be considered outstanding for purposes of this Indenture upon their   cancellation.  All Notes delivered to the Trustee for cancellation shall be canceled promptly by it.   No Notes shall be authenticated in exchange for any Notes cancelled, except as expressly  permitted by any of the provisions of this Indenture.  The Trustee shall dispose of canceled Notes  in accordance with its customary procedures and, after such disposition, shall deliver a certificate   of such disposition to the Company, at the Company’s written request in a Company Order.  If   the Company or any of its Subsidiaries shall acquire any of the Notes, such acquisition shall not   operate as a purchase or satisfaction of the indebtedness represented by such Notes unless and   until the same are delivered to the Trustee for cancellation.          Section 2.09 CUSIP Numbers.  The Company in issuing the Notes may use “CUSIP”   numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in all   notices issued to Holders as a convenience to such Holders; provided that any such notice may   state that no representation is made as to the correctness of such numbers either as printed on the   Notes or on such notice and that reliance may be placed only on the other identification numbers   printed on the Notes.  The Company shall promptly notify the Trustee in writing of any change   in the “CUSIP” numbers.          Section 2.10 Additional Notes; Purchases.  (a) The Company may, from time to time,   without the consent of, or notice to, the Holders, issue additional Notes under this Indenture with   the same terms as the Notes issued on the Issue Date (other than differences in the issue date, the   issue price and interest accrued prior to the issue date of such additional Notes and, if applicable,   the initial Interest Payment Date and restrictions on transfer in respect of such additional Notes)   in an unlimited aggregate principal amount; provided that if any such additional Notes are not   fungible with the Notes issued on the Issue Date for U.S. federal income tax or securities law   purposes, such additional Notes shall have one or more separate CUSIP numbers.  Such Notes   issued on the Issue Date and any additional Notes shall rank equally and ratably and shall be   treated as a single series for all purposes under this Indenture.  Prior to the issuance of any such   additional Notes, the Company shall deliver to the Trustee a Company Order, an Officers’   Certificate and an Opinion of Counsel, such Officers’ Certificate and Opinion of Counsel to   cover such matters, in addition to those required by Section 17.06, as the Trustee shall   reasonably request.          (b)   The Company may, to the extent permitted by law and without the consent of   Holders, directly or indirectly (regardless of whether such Notes are surrendered to the   Company), repurchase Notes in the open market or otherwise, whether by the Company or its   Subsidiaries or through a tender or exchange offer or through counterparties to private   agreements, including by cash-settled swaps or other derivatives.  The Company shall cause any   Notes so purchased (but excluding Notes repurchased pursuant to cash-settled swaps or other   derivatives that are not physically settled) to be surrendered to the Trustee for cancellation in   accordance with Section 2.08, and they will no longer be considered outstanding under this   Indenture upon their cancellation.          Section 2.11 Ranking.  The Notes constitute a senior general unsecured obligation of   the Company, (i) ranking senior in right of payment to all existing and future indebtedness of the   Company that is expressly made subordinate to the Notes by the terms of such indebtedness; (ii)   ranking equally in right of payment with all existing and future indebtedness of the Company     064310-0812-15924-Active.25775846.6                                               25  

 

   that is not so subordinated; (iii) shall be effectively subordinated to any of the Company’s  existing and future secured indebtedness to the extent of the value of the assets securing such  indebtedness; and (iv) shall be structurally subordinated to all indebtedness and other liabilities  and obligations of any Subsidiary of the Company, including any borrowings outstanding and  deposits.                                     ARTICLE 3                            SATISFACTION AND DISCHARGE         Section 3.01 Satisfaction and Discharge.  This Indenture and the Notes shall upon  request of the Company contained in an Officers’ Certificate cease to be of further effect (except  as set forth in the last paragraph of this Section 3.01), and the Trustee, at the expense of the  Company, shall execute such instruments reasonably requested by the Company acknowledging  satisfaction and discharge of this Indenture, when:               (i)   either:                     (A)   all Notes theretofore authenticated and delivered (other than (x)              Notes which have been destroyed, lost or stolen and which have been replaced or              paid as provided in Section 2.06 and (y) Notes for whose payment money has              theretofore been deposited in trust with the Trustee or segregated and held in trust              by the Company and thereafter repaid to the Company or discharged from such              trust, as provided in Section 4.04(d)) have been delivered to the Trustee for              cancellation; or                     (B)   the Company has deposited with the Trustee or delivered to              Holders, as applicable, after all of the outstanding Notes have (i) become due and              payable, whether at the Maturity Date or any Redemption Date, Repurchase Date              or Fundamental Change Repurchase Date, and/or (ii) have been converted (and              the related Settlement Amounts have been determined), cash or cash and/or shares              of Common Stock (solely to satisfy the Company’s Conversion Obligations), as              applicable, sufficient to pay all of the outstanding Notes and/or satisfy all              conversions, as the case may be, and pay all other sums due and payable under              this Indenture by the Company; and               (ii)  the Company has delivered to the Trustee an Officers’ Certificate and an        Opinion of Counsel, each stating that all conditions precedent herein provided for relating        to the satisfaction and discharge of this Indenture have been complied with.   Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company  to the Trustee under Section 7.06 and, if cash or shares of Common Stock shall have been  deposited with the Trustee pursuant to Section 3.01(i)(B), Section 4.04 shall survive such  satisfaction and discharge.    064310-0812-15924-Active.25775846.6                                              26  

 

                                       ARTICLE 4                        PARTICULAR COVENANTS OF THE COMPANY          Section 4.01 Payment of Principal, Settlement Amounts and Interest.  The Company   shall pay or cause to be paid the principal (including the Redemption Price, Repurchase Price   and Fundamental Change Repurchase Price, if applicable) of, the Settlement Amounts owed on   conversion of, and interest on the Notes on the dates and in the manner provided in the Notes.    Principal (including the Redemption Price, Repurchase Price and Fundamental Change   Repurchase Price, if applicable), Settlement Amounts and interest shall be considered paid on the   date due if the Paying Agent, if other than the Company, holds as of 10:00 a.m., New York City   time, on the due date money deposited by the Company in immediately available funds and   designated for and sufficient to pay all principal (including the Redemption Price, Repurchase   Price and Fundamental Change Repurchase Price, if applicable), Settlement Amounts and  interest then due. Unless such Paying Agent is the Trustee, the Company will promptly notify the  Trustee in writing of any failure to take such action.         The Company shall pay interest (including post-petition interest in any proceeding under   any Bankruptcy Law) on overdue principal (including the Redemption Price, Repurchase Price  and Fundamental Change Repurchase Price, if applicable) and overdue Settlement Amounts   owed on conversion to the extent they include cash, at the rate equal to the interest rate on the   Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding   under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable  grace period), at the same rate to the extent lawful.         Section 4.02 Maintenance of Office or Agency.  The Company shall maintain an office   or agency (which may be an office of the Trustee or an Affiliate of the Trustee) where Notes may   be presented or surrendered for registration of transfer or exchange or for payment, redemption   or repurchase (“Paying Agent”) or for conversion (“Conversion Agent”) and where notices and   demands to or upon the Company in respect of the Notes and this Indenture may be served.  The   Company shall give prompt written notice to the Trustee of the location, and any change in the  location, of such office or agency.  If at any time the Company shall fail to maintain any such  required office or agency or shall fail to furnish the Trustee with the address thereof, such  presentations, surrenders, notices and demands may be made or served at the Corporate Trust  Office of the Trustee.         The Company may also from time to time designate one or more other offices or agencies  where the Notes may be presented or surrendered for any or all such purposes and may from  time to time rescind such designations.  The Company shall give prompt written notice to the  Trustee of any such designation or rescission and of any change in the location of any such other  office or agency. The terms “Paying Agent” and “Conversion Agent” include any such  additional or other offices or agencies, as applicable.         The Company hereby appoints the Trustee as Paying Agent, Note Registrar, Custodian  and Conversion Agent and designates the Corporate Trust Office of the Trustee as one such  office or agency of the Company; provided that the Corporate Trust Office shall not be a place  for service of legal process on the Company.     064310-0812-15924-Active.25775846.6                                               27  

 

           The Company reserves the right to vary or terminate the appointment of any Note   Registrar, Paying Agent or Conversion Agent, and Bid Solicitation Agent; act as the Paying  Agent or Bid Solicitation Agent; appoint additional Paying Agents or Conversion Agents; or  approve any change in the office through which any Note Registrar or Paying Agent or  Conversion Agent acts.         Section 4.03 Appointments to Fill Vacancies in Trustee’s Office.  The Company,   whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner   provided in Section 7.09, a Trustee, so that there shall at all times be a Trustee hereunder.          Section 4.04 Provisions as to Paying Agent.  (a) If the Company shall appoint a Paying   Agent other than the Trustee, the Company will cause such Paying Agent to execute and deliver   to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the   provisions of this Section 4.04:                (i)   that it will hold all sums held by it as such agent for the payment of the        principal (including the Redemption Price, Repurchase Price and Fundamental Change        Repurchase Price, if applicable) of, the Settlement Amounts owed on conversion to the        extent they include cash, and accrued and unpaid interest on, the Notes in trust for the        benefit of the Holders of the Notes;               (ii)  that it will give the Trustee prompt written notice of any failure by the        Company to make any payment of the principal (including the Redemption Price,        Repurchase Price and Fundamental Change Repurchase Price, if applicable) of, the        Settlement Amounts owed on conversion to the extent they include cash, and accrued and         unpaid interest on, the Notes when the same shall be due and payable; and                (iii) that at any time during the continuance of an Event of Default, upon         request of the Trustee, it will forthwith pay to the Trustee all sums so held in trust.          (b)   If the Company shall act as its own Paying Agent, it will, on or before each due   date of the principal (including the Redemption Price, Repurchase Price and Fundamental   Change Repurchase Price, if applicable) of, the Settlement Amounts owed on conversion to the   extent they include cash, and accrued and unpaid interest on, the Notes, set aside, segregate and   hold in trust for the benefit of the Holders of the Notes a sum sufficient to pay such principal  (including the Redemption Price, Repurchase Price and Fundamental Change Repurchase Price,   if applicable), the Settlement Amounts owed on conversion to the extent they include cash and   accrued and unpaid interest so becoming due and will promptly notify the Trustee in writing of   any failure to take such action and of any failure by the Company to make any payment of the   principal (including the Redemption Price, Repurchase Price and Fundamental Change  Repurchase Price, if applicable) of, the Settlement Amounts owed on conversion to the extent  they include cash, or accrued and unpaid interest on, the Notes when the same shall become due  and payable.         (c)   Anything in this Section 4.04 to the contrary notwithstanding, the Company may,  at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any  other reason, pay, cause to be paid or deliver to the Trustee all sums or amounts held in trust by     064310-0812-15924-Active.25775846.6                                               28  

 

   the Company or any Paying Agent hereunder as required by this Section 4.04, such sums or  amounts to be held by the Trustee upon the trusts herein contained and upon such payment or  delivery by the Company or any Paying Agent to the Trustee, the Company or such Paying  Agent shall be released from all further liability but only with respect to such sums or amounts.   Upon the occurrence of any events specified in Section 6.01(h) or Section 6.01(i), the Trustee  shall automatically become the Paying Agent.         (d)   Subject to any applicable escheat laws, any money deposited with the Trustee or  any Paying Agent, or then held by the Company, in trust for the payment of the principal  (including the Redemption Price, Repurchase Price and Fundamental Change Repurchase Price,  if applicable) of, the Settlement Amounts owed on conversion to the extent they include cash,  and accrued and unpaid interest on, any Note and remaining unclaimed for two years after such  principal (including the Redemption Price, Repurchase Price and Fundamental Change  Repurchase Price, if applicable), the Settlement Amounts owed on conversion to the extent they  include cash, or interest has become due and payable shall be paid to the Company on request of  the Company contained in an Officers’ Certificate, or (if then held by the Company) shall be  discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general  creditor, look only to the Company for payment thereof, and all liability of the Trustee or such  Paying Agent with respect to such trust money, and all liability of the Company as trustee  thereof, shall thereupon cease.         Section 4.05 [Reserved].         Section 4.06 Rule 144A Information Requirement; Reporting; and Additional Interest.   (a) For as long as any Notes are outstanding hereunder, at any time the Company is not subject to  Sections 13 and 15(d) of the Exchange Act, the Company shall, so long as any of the Notes or  any shares of Common Stock issued upon conversion of the Notes shall, at such time, constitute  “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, promptly  provide to the Trustee and shall, upon written request, provide to any Holder, beneficial owner or  prospective purchaser of such Notes or any shares of Common Stock issued upon conversion of  the Notes, the information required to be delivered pursuant to Rule 144A(d)(4) under the  Securities Act to facilitate the resale of such Notes or such Common Stock, as the case may be,  pursuant to Rule 144A under the Securities Act.  The Company will take such further action as  any Holder or beneficial owner of such Notes or shares of Common Stock may reasonably  request to the extent from time to time required to enable such Holder or beneficial owner to sell  such Notes or shares of our Common Stock in accordance with Rule 144A under the Securities  Act.         (b)   The Company shall file with the Trustee within 15 days after the same are  required to be filed with the Commission (after giving effect to any grace period provided by  Rule 12b-25 under the Exchange Act or any successor rule under the Exchange Act), copies of  any documents or reports that the Company is required to file with the Commission pursuant to  Section 13 or 15(d) of the Exchange Act (excluding any such information, documents or reports,  or portions thereof, subject to confidential treatment and any correspondence with the  Commission).  Any such document or report that the Company files with the Commission via the  Commission’s EDGAR system (or any successor thereto) shall be deemed to be filed with the    064310-0812-15924-Active.25775846.6                                              29  

 

     Trustee for purposes of this Section 4.06(b) as of the time such documents are filed via the   EDGAR system (or such successor).          (c)   Delivery of the reports, information and documents described in Section 4.06(b)   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 conclusively rely on an Officers’ Certificate).  The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the   Company’s compliance with the covenants or with respect to any reports or other documents   filed with the Commission or the Commission’s EDGAR system or any website under this   Indenture or participate in any conference calls.          (d)   Subject to Section 6.03(b), if, at any time during the six-month period beginning   on, and including, the date that is six months after the later of (x) the Issue Date and (y) the date   upon which additional Notes are issued following exercise of the option granted to the initial   purchasers of the Notes in the Purchase Agreement, (i) the Company fails to timely file any   document or report that it is required to file with the Commission pursuant to Section 13 or 15(d)   of the Exchange Act, as applicable (after giving effect to all applicable grace period thereunder  and other than reports on Form 8-K), or (ii) the Notes are not otherwise freely tradable pursuant  to Rule 144 by Holders other than the Company’s Affiliates or Holders that were the Company’s   Affiliates at any time during the three months immediately preceding (as a result of restrictions   pursuant to U.S. federal securities laws or the terms of this Indenture or the Notes), the Company   shall pay Additional Interest on the Notes.  Additional Interest shall accrue on the Notes at a rate   equal to, and in no event in excess than, 0.50% per annum of the principal amount of the Notes   outstanding from, and including, the due date of the first missed filing that gives rise to such   obligation or the Notes are not otherwise freely tradable by Holders other than the Company’s   Affiliates or Holders that have been the Company’s Affiliates at any time during the three   months immediately preceding without restrictions pursuant to U.S. federal securities laws or the   terms of this Indenture or the Notes until the earlier of (i) the date that is one year after the later   of (x) the Issue Date and (y) the date upon which additional Notes are issued following exercise   of the option granted to the initial purchasers of the Notes in the Purchase Agreement and (ii) the   date all such filings have been made and the Notes are otherwise freely tradable by Holders other   than the Company’s Affiliates or Holders that have been the Company’s Affiliates at any time   during the three months immediately preceding without restrictions pursuant to U.S. federal   securities laws or the terms of this Indenture or the Notes. For the avoidance of doubt, as used in   this Section 4.06(d), documents or reports that the Company is required to “file” with the   Commission pursuant to Section 13 or 15(d) of the Exchange Act does not include documents or   reports that the Company furnishes to the Commission pursuant to Section 13 or 15(d) of the   Exchange Act.          (e)   Subject to Section 4.06(f) and Section 6.03(b), if, and for so long as, the   restrictive legend on the Notes specified in Section 2.05(b) has not been removed (or deemed   removed), the Notes are assigned a restricted CUSIP number or the Notes are not otherwise   freely tradable as described in Section 4.06(d) by Holders other than the Company’s Affiliates or   Holders that were the Company’s Affiliates at any time during the three months immediately   preceding without restrictions pursuant to U.S. federal securities law or the terms of this    064310-0812-15924-Active.25775846.6                                               30  

 

     Indenture or the Notes as of the 365th day after the later of (x) the Issue Date and (y) the date   upon which additional Notes are issued following exercise of the option granted to the initial   purchasers of the Notes in the Purchase Agreement, the Company shall pay Additional Interest   on the Notes at a rate equal to 0.50% per annum of the principal amount of Notes outstanding   until the restrictive legend on the Notes has been removed (or deemed removed), the Notes are   assigned an unrestricted CUSIP number and the Notes are freely tradable by Holders other than  the Company’s Affiliates (or Holders that were the Company’s Affiliates at any time during the  three months preceding) without restrictions pursuant to U.S. federal securities laws or the terms  of this Indenture or the Notes.         (f)   Additional Interest will be payable in arrears on each Interest Payment Date  following accrual in the same manner as regular interest on the Notes and shall be in addition to  any Additional Interest that may accrue, at the Company’s election, pursuant to Section 6.03.   Notwithstanding anything to the contrary set forth in this Indenture or the Notes, in no event,  however, will Additional Interest accrue hereunder on any day (taking into consideration any  Additional Interest payable as described in Section 4.06(d), Section 4.06(e) or Section 6.03(a)) at  a rate in excess of 0.50% per annum, regardless of the number of events or circumstances giving  rise to the requirement to pay such Additional Interest.         (g)   If Additional Interest is payable by the Company pursuant to Section 4.06(d),  Section 4.06(e) or Section 6.03(a), the Company shall deliver to the Trustee an Officers’  Certificate to that effect stating (i) the amount of such Additional Interest that is payable and (ii)  the date on which such Additional Interest is payable.  Unless and until a Responsible Officer of  the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume  without inquiry that no such Additional Interest is payable.  If the Company has paid Additional  Interest directly to the Persons entitled to it, the Company shall deliver to the Trustee an  Officers’ Certificate setting forth the particulars of such payment.         Section 4.07 Stay, Extension and Usury Laws.  The Company covenants (to the extent  that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner  whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever  enacted, now or at any time hereafter in force, that may affect the covenants or the performance  of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly  waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any  such law, 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 has been  enacted.         Section 4.08 Compliance Certificate; Statements as to Defaults.         (a)   The Company shall deliver to the Trustee, within 120 days after the end of each  fiscal year (beginning with the year ended December 31, 2018), an Officers’ Certificate stating  whether the signers thereof have knowledge of any Default that occurred during the previous  year, if so, specifying each such failure and the nature thereof.         (b)   The Company shall, so long as any of the Notes are outstanding, deliver to the  Trustee an Officers’ Certificate within 30 days after the occurrence of any event that would     064310-0812-15924-Active.25775846.6                                               31  

 

     constitute a Default or Event of Default, specifying each such event, the status thereof and what  action the Company is taking or proposes to take with respect thereto.         Section 4.09 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 4.10 No Rights as Stockholders.  Holders of Notes, as such, will not have any  rights as stockholders of the Company (including, without limitation, voting rights and rights to   receive any dividends or other distributions on Common Stock).                                      ARTICLE 5                                     [RESERVED]                                      ARTICLE 6                               DEFAULTS AND REMEDIES          Section 6.01 Events of Default.  The following events shall be “Events of Default”   with respect to the Notes:          (a)   the Company defaults in any payment of interest on any Note when due and   payable, and the default continues for a period of 30 days;          (b)   the Company defaults in the payment of principal of any Note when due and   payable on the Maturity Date, upon any redemption or required repurchase, upon declaration of   acceleration or otherwise;          (c)   failure by the Company to deliver the consideration due upon the conversion of   any Notes made in accordance with this Indenture upon exercise of a Holder’s conversion right,   and such failure continues for a period of five Business Days following the due date hereunder   for the delivery of such consideration;          (d)   failure by the Company to issue a Fundamental Change Company Notice in   accordance with Section 15.01(c) or notice of a specified corporate transaction in accordance   with Section 14.01(b)(ii) or (iii) or a Make-Whole Fundamental Change Company Notice in   accordance with Section 14.03(b), in each case, when due;          (e)   failure by the Company to comply with its obligations under Article 11;          (f)   failure by the Company for 60 consecutive days after written notice from the   Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then   outstanding has been received by the Company and the Trustee to comply with any of the other   agreements of the Company contained in the Notes or this Indenture;          (g)   default by the Company or any Subsidiary of the Company with respect to any   mortgage, agreement or other instrument under which there may be outstanding, or by which   there may be secured or evidenced, any indebtedness for money borrowed (other than non-  recourse debt of a Subsidiary of the Company) in excess of $25,000,000 (or its foreign currency     064310-0812-15924-Active.25775846.6                                               32  

 

   equivalent) in the aggregate of the Company and/or any such Subsidiary, whether such  indebtedness exists on the Issue Date or shall hereafter be created (i) resulting in such  indebtedness becoming or being declared due and payable or (ii) constituting a failure to pay the  principal or interest of any such indebtedness when due and payable at its stated maturity, upon  required repurchase, upon declaration of acceleration or otherwise;         (h)   the Company or any Subsidiary of the Company pursuant to or within the  meaning of Bankruptcy Law:               (i)   commences a voluntary case;               (ii)  consents in writing to the entry of an order for relief against it in an        involuntary case;               (iii) consents in writing to the appointment of a custodian of it or for all or        substantially all of its property;               (iv)  makes a general assignment for the benefit of its creditors; or               (v)   admits in writing it generally is not paying its debts as they become due;        or         (i)   a court of competent jurisdiction enters an order or decree under any Bankruptcy  Law that:               (i)   is for relief against the Company or any Subsidiary of the Company in an        involuntary case;               (ii)  appoints a custodian of the Company or any Subsidiary of the Company or        for all or substantially all of the property of the Company or any Subsidiary of the        Company; or               (iii) orders the liquidation of the Company or any Subsidiary of the Company;   and, in each case, the order or decree remains unstayed and in effect for 60 consecutive days; or         (j)   a final judgment or judgments for the payment of $25,000,000 (or its foreign  currency equivalent) or more (excluding any amounts covered by insurance) in the aggregate  rendered against the Company or any Subsidiary of the Company, which judgments are not paid,  discharged or stayed within 30 days after (i) the date on which the right to appeal thereof has  expired if no such appeal has commenced, or (ii) the date on which all rights to appeal have been  extinguished.         Section 6.02 Acceleration.  In case one or more Events of Default shall have occurred  and be continuing (whatever the reason for such Event of Default and whether it shall be  voluntary or involuntary or be 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), then, and in each and every such case (other than an Event of Default specified in Section    064310-0812-15924-Active.25775846.6                                              33  

 

     6.01(h) or Section 6.01(i) with respect to the Company or any of its Subsidiaries), either the   Trustee by notice in writing to the Company, or the Holders of at least 25% in aggregate   principal amount of the Notes then outstanding, by notice in writing to the Company and the   Trustee, may declare 100% of the principal of, and accrued and unpaid interest, if any, on, all the   Notes to be due and payable immediately, and upon any such declaration the same shall become   and shall be immediately due and payable.  If an Event of Default specified in Section 6.01(h) or   Section 6.01(i) with respect to the Company or any of its Subsidiaries occurs and is continuing,   100% of the principal of, and accrued and unpaid interest, if any, on, all Notes shall become and   shall automatically be immediately due and payable.          The immediately preceding paragraph, however, is subject to the conditions that if, at any   time after the principal of the Notes shall have been so declared due and payable, and before any   judgment or decree for the payment of the monies due shall have been obtained or entered as   hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to   pay installments of accrued and unpaid interest upon all Notes and the principal of any and all  Notes that shall have become due otherwise than by acceleration (with interest on overdue  installments of accrued and unpaid interest and on such principal at the rate borne by the Notes at  such time) and amounts due to the Trustee pursuant to Section 7.06, and if (1) rescission would  not conflict with any judgment or decree of a court of competent jurisdiction and (2) any and all  existing Events of Default under this Indenture, other than the nonpayment of the principal of  and accrued and unpaid interest, if any, on Notes that shall have become due solely by such  acceleration, shall have been cured or waived pursuant to Section 6.09, then and in every such  case (except as provided in the immediately succeeding sentence) the Holders of a majority in  aggregate principal amount of the Notes then outstanding, by written notice to the Company and  to the Trustee, may waive all Defaults or Events of Default with respect to the Notes and rescind  and annul such declaration and its consequences and such Default shall cease to exist, and any  Event of Default arising therefrom shall be deemed to have been cured for every purpose of this  Indenture; but no such waiver or rescission and annulment shall extend to or shall affect any  subsequent Default or Event of Default, or shall impair any right consequent thereon.  Notwithstanding anything to the contrary herein, no such waiver or rescission and annulment   shall extend to or shall affect any Default or Event of Default resulting from (i) the nonpayment   of the principal (including the Redemption Price, Repurchase Price and Fundamental Change   Repurchase Price, if applicable) of, or accrued and unpaid interest on, any Notes, (ii) a failure to   repurchase any Notes when required or (iii) a failure to pay or deliver, as the case may be, the   consideration due upon conversion of the Notes.          Section 6.03 Additional Interest.          (a)   Notwithstanding anything in this Indenture or in the Notes to the contrary, to the   extent the Company elects, the sole remedy for an Event of Default relating to the Company’s   failure to comply with its obligations as set forth in Section 4.06(b) shall, after the occurrence of   such an Event of Default (which, for the avoidance of doubt, shall not commence until expiration  of the 60-day period referenced in Section 6.01(f)), consist exclusively of the Holders’ right to  receive Additional Interest on the Notes at a rate equal to (i) 0.25% per annum of the principal  amount of the Notes outstanding for each day during the first 180 days after the occurrence of  such Event of Default and (ii) 0.50% per annum of the principal amount of the Notes outstanding   for each day from the 181st day through, and including, the 365th day following the occurrence of    064310-0812-15924-Active.25775846.6                                               34  

 

     such an Event of Default, in each case, during which such Event of Default is continuing (in   addition to any Additional Interest that may accrue as a result of a registration default pursuant to   Sections 4.06(d) and 4.06(e)).           (b)   Any Additional Interest payable pursuant to Section 6.03(a) above shall be in   addition to any Additional Interest that may accrue pursuant to Sections 4.06(d) and 4.06(e).   Notwithstanding anything in this Indenture to the contrary, in no event, however, shall   Additional Interest accrue (taking into consideration any Additional Interest payable pursuant to   Section 6.03(a) above, together with Additional Interest payable pursuant to Sections 4.06(d) and   4.06(e)) at a rate in excess of 0.50% per annum, regardless of the number of events or   circumstances giving rise to the requirement to pay such Additional Interest.          (c)   If the Company elects to pay Additional Interest pursuant to Section 6.03(a), such   Additional Interest shall be payable in the same manner and on the same dates as the stated   interest payable on the Notes and will accrue on all Notes then outstanding from, and including,   the date on which the Event of Default relating to the Company’s failure to comply with its   obligations as set forth in Section 4.06(b) first occurs to, and including, the 365th day thereafter   (or such earlier date on which such Event of Default is cured or waived by the Holders of a   majority in principal amount of the Notes then outstanding).  On the 366th day after such Event   of Default (if the Event of Default relating to the Company’s failure to comply with its   obligations as set forth in Section 4.06(b) is not cured or waived prior to such 366th day), such   Additional Interest will cease to accrue and the Notes will be subject to acceleration as provided   in Section 6.02.  In the event the Company does not elect to pay Additional Interest following an   Event of Default relating to the Company’s failure to comply with its obligations as set forth in   Section 4.06(b) in accordance with this Section 6.03, or the Company elects to make such   payment but does not pay the Additional Interest when due, the Notes shall immediately be   subject to acceleration as provided in Section 6.02. For the avoidance of doubt, the provisions of   this Section 6.03 shall not affect the rights of Holders in the event of the occurrence of any other   Event of Default.          (d)   In order to elect to pay Additional Interest as the sole remedy during the first 365   days after the occurrence of an Event of Default relating to the Company’s failure to comply  with its obligations as set forth in Section 4.06(b), the Company must notify, in writing, all  Holders of the Notes, the Trustee and the Paying Agent (if other than the Trustee) of such  election on or before the close of business on the date on which such Event of Default first  occurs.  Upon the Company’s failure to timely give such notice or pay Additional Interest, the  Notes shall be immediately subject to acceleration as provided in Section 6.02.  The Company  may elect to pay Additional Interest with respect to multiple Events of Default in a single written  notification.         Section 6.04 Payments of Notes on Default; Suit Therefor.  If an Event of Default   described in Section 6.01 (a), (b) or (c) shall have occurred and the Notes have become due and  payable pursuant to Section 6.02, the Company shall, upon demand of the Trustee, pay to the  Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on  the Notes for principal (including the Redemption Price, Repurchase Price and Fundamental  Change Repurchase Price, if applicable), satisfaction of the Conversion Obligation with respect  to all Notes that have been converted, and interest, if any, with (to the extent that payment of     064310-0812-15924-Active.25775846.6                                               35  

 

     such interest shall be legally enforceable) interest on any such overdue amounts, at the rate borne   by the Notes at such time, and, in addition thereto, such further amount as shall be sufficient to   cover any amounts due to the Trustee under Section 7.06.  If the Company shall fail to pay such  amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express  trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may  prosecute such proceeding to judgment or final decree and may enforce the same against the   Company or any other obligor upon the Notes and collect the monies adjudged or decreed to be  payable in the manner provided by law out of the property of the Company or any other obligor  upon the Notes, wherever situated.         In the event there shall be pending proceedings for the bankruptcy or for the  reorganization of the Company under Bankruptcy Law, or any other applicable law, or in case a  receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar  official shall have been appointed for or taken possession of the Company, the property of the  Company, or in the event of any other judicial proceedings relative to the Company, or to the  creditors or property of the Company, the Trustee, irrespective of whether the Trustee shall have  made any demand pursuant to the provisions of this Section 6.04, shall be entitled and   empowered, by intervention in such proceedings or otherwise, to file and prove a claim or claims   for the whole amount of principal and accrued and unpaid interest, if any, in respect of the Notes,   and, in case of any judicial proceedings, to file such proofs of claim and other papers or   documents and to take such other actions as it may deem necessary or advisable in order to have   the claims of the Trustee (including any claim for the reasonable compensation, expenses,   disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in   such judicial proceedings relative to the Company, its creditors, or its property, and to collect and   receive any monies or other property payable or deliverable on any such claims, and to distribute   the same after the deduction of any amounts due to the Trustee under Section 7.06; and any   receiver, assignee or trustee in bankruptcy or reorganization, liquidator, custodian or similar   official is hereby authorized by each of the Holders to make such payments to the Trustee, as   administrative expenses, 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 reasonable  compensation, expenses, advances and disbursements, including agents and counsel fees, and  including any other amounts due to the Trustee under Section 7.06, incurred by it up to the date  of such distribution.  To the extent that such payment of reasonable compensation, expenses,  advances and disbursements out of the estate in any such proceedings shall be denied for any  reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all  distributions, dividends, monies, securities and other property that the Holders of the Notes may  be entitled to receive in such proceedings, whether in liquidation or under any plan of  reorganization or arrangement or otherwise.         Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent  to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,  adjustment or composition affecting such Holder or the rights of any Holder thereof, or to  authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.         All rights of action and of asserting claims under this Indenture, or under any of the  Notes, may be enforced by the Trustee without the possession of any of the Notes, or the  production thereof at any trial or other proceeding relative thereto, and any such suit or    064310-0812-15924-Active.25775846.6                                               36  

 

     proceeding instituted by the Trustee shall be brought in its own name as trustee of an express   trust, and any recovery of judgment shall, after provision for the payment of the reasonable   compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be   for the ratable benefit of the Holders of the Notes.          In any proceedings brought by the Trustee (and in any proceedings involving the  interpretation of any provision of this Indenture to which the Trustee shall be a party) the Trustee  shall be held to represent all the Holders of the Notes, and it shall not be necessary to make any  Holders of the Notes parties to any such proceedings.         In case the Trustee shall have proceeded to enforce any right under this Indenture and  such proceedings shall have been discontinued or abandoned because of any waiver, rescission  or annulment pursuant to Section 6.09 or for any other reason or shall have been determined  adversely to the Trustee, then and in every such case the Company, the Holders, and the Trustee  shall, subject to any determination in such proceeding, be restored respectively to their several  positions and rights hereunder, and all rights, remedies and powers of the Company, the Holders,  and the Trustee shall continue as though no such proceeding had been instituted.         Section 6.05 Application of Monies Collected by Trustee.  Any monies or property  collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the  following order, at the date or dates fixed by the Trustee for the distribution of such monies,   upon presentation of the several Notes, and stamping thereon the payment, if only partially paid,   and upon surrender thereof, if fully paid:          FIRST:      to the payment of all amounts due the Trustee, including its agents and   counsel, under Section 7.06;          SECOND:     to the payment of the amounts then due and unpaid for principal of, the   Redemption Price, Repurchase Price and Fundamental Change Repurchase Price (if applicable)   of, and/or satisfaction of the Conversion Obligation with respect to all Notes that have been   converted, and interest on the Notes in respect of which or for the benefit of which such money   has been collected, ratably, without preference or priority of any kind, according to the amounts   due and payable on such Notes; and          THIRD:      to the Company.          Section 6.06 Proceedings by Holders.  Except to enforce the right to receive payment   of principal (including, if applicable, the Redemption Price, Repurchase Price and Fundamental   Change Repurchase Price) or interest when due, or the right to receive payment and/or delivery   of the consideration due upon conversion, no Holder of any Note shall have any right by virtue   of or by availing of any provision of this Indenture to institute any suit, action or proceeding in   equity or at law upon or under or with respect to this Indenture, or for the appointment of a   receiver, trustee, liquidator, custodian or other similar official, or for any other remedy   hereunder, unless:                (a)   such Holder has previously given the Trustee written notice that an Event         of Default has occurred and is continuing;     064310-0812-15924-Active.25775846.6                                               37  

 

                 (b)   the Holders of at least 25% in aggregate principal amount of the then         outstanding Notes have made a written request to the Trustee to pursue the remedy;               (c)   such Holders have offered the Trustee security or indemnity satisfactory to        the Trustee against any loss, liability or expense;               (d)   the Trustee has not complied with such request within 60 days after the        receipt thereof and the offer of such security or indemnity; and               (e)   the Holders of a majority in aggregate principal amount of the then        outstanding Notes have not given the Trustee a direction that, in the opinion of the        Trustee, is inconsistent with such written request within such 60-day period.         A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain  a preference or priority over another Holder, it being understood that the Trustee does not have  an affirmative duty to ascertain whether or not any actions or forbearances by a Holder are  unduly prejudicial to other Holders.         Notwithstanding any other provision of this Indenture and any provision of any Note, the  contractual right of any Holder to receive payment or delivery, as the case may be, of (x) the  principal (including, if applicable, the Redemption Price, the Repurchase Price and the  Fundamental Change Repurchase Price) of; (y) accrued and unpaid interest, if any, on; and (z)  the consideration due upon the conversion of, such Note, on or after the respective due dates  expressed or provided for in such Note or in this Indenture, and the contractual right to bring suit  for the enforcement of any such payment or delivery, as the case may be, on or after such  respective dates shall not be amended without the consent of such Holder.         Section 6.07 Proceedings by Trustee.  In case of an Event of Default, the Trustee may  in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such  appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either  by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the  specific enforcement of any covenant or agreement contained in this Indenture or in aid of the  exercise of any power granted in this Indenture, or to enforce any other legal or equitable right  vested in the Trustee by this Indenture or by law.         Section 6.08 Remedies Cumulative and Continuing.  Except as provided in the last  paragraph of Section 2.06, all powers and remedies given by this Article 6 to the Trustee or to  the Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any  thereof or of any other powers and remedies available to the Trustee or the Holders of the Notes,  by judicial proceedings or otherwise, to enforce the performance or observance of the covenants  and agreements contained in this Indenture, and no delay or omission of the Trustee or of any  Holder of any of the Notes to exercise any right or power accruing upon any Default or Event of  Default shall impair any such right or power, or shall be construed to be a waiver of any such  Default or Event of Default or any acquiescence therein; and, subject to the provisions of Section   6.06, every power and remedy given by this Article 6 or by law to the Trustee or to the Holders   may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or   by the Holders.     064310-0812-15924-Active.25775846.6                                               38  

 

           Section 6.09 Direction of Proceedings and Waiver of Defaults by Majority of Holders.          (a)   The Holders of a majority of the aggregate principal amount of the Notes at the   time outstanding shall have the right to direct the time, method and place of conducting any   proceeding for any remedy available to the Trustee or exercising any trust or power conferred on   the Trustee with respect to Notes; provided, however, that (i) such direction shall not be in   conflict with any rule of law or with this Indenture, and (ii) the Trustee may take any other action   deemed proper by the Trustee that is not inconsistent with such direction.  The Trustee may   refuse to follow any direction that conflicts with any rule of law or with this Indenture, it   determines is unduly prejudicial to the rights of any other Holder (it being understood that the   Trustee does not have an affirmative duty to ascertain whether or not any such directions are  unduly prejudicial to such Holders) or that would involve the Trustee in personal liability.         (b)   The Holders of a majority in aggregate principal amount of the Notes at the time   outstanding may on behalf of the Holders of all of the Notes waive any past Default or Event of   Default hereunder and rescind any acceleration with respect to the Notes and its consequences   hereunder except:                (i)   a default in the payment of the principal (including any Redemption Price,        Repurchase Price and Fundamental Change Repurchase Price, if applicable) of, or        accrued and unpaid interest, if any, on the Notes;               (ii)  a failure by the Company to deliver the consideration due upon conversion        of the Notes; or               (iii) with respect to any other provision of this Indenture that cannot be        modified or amended without the consent of each affected Holder pursuant to Section        10.02;   provided that, in the case of the rescission of any acceleration with respect to the Notes, (1) the   rescission would not conflict with any judgment or decree of a court of competent jurisdiction   and (2) all existing Events of Default (other than the nonpayment of the principal (including the  Redemption Price, Repurchase Price and Fundamental Change Repurchase Price, if applicable)  of, and accrued and unpaid interest on the Notes that have become due solely by such declaration  of acceleration) have been cured or waived and all amounts owing to the Trustee have been paid.   Whenever any Default or Event of Default hereunder shall have been waived as permitted by this  Section 6.09, said Default or Event of Default shall for all purposes of the Notes and this  Indenture be deemed to have been cured and to be not continuing; but no such waiver shall  extend to any subsequent or other Default or Event of Default or impair any right consequent  thereon.         Section 6.10 Notice of Defaults.  If a Default occurs and is continuing and a  Responsible Officer of the Trustee is notified in writing of such Default, the Trustee shall deliver  to all Holders as the names and addresses of such Holders appear upon the Note Register notice  of such Default within 90 days after it is notified. Except in the case of a Default in the payment   of principal of (including the Redemption Price, the Repurchase Price and the Fundamental   Change Repurchase Price, if applicable) or accrued and unpaid interest, if any, on any Note or a     064310-0812-15924-Active.25775846.6                                               39  

 

     Default in the payment or delivery of the consideration due upon conversion, the Trustee shall be   protected in withholding such notice if and so long as the Trustee in good faith determines that  the withholding of such notice is in the interests of the Holders.         Section 6.11 Undertaking to Pay Costs.  All parties to this Indenture agree, and each  Holder of any Note by its acceptance thereof shall be deemed to have agreed, that any court may,  in its discretion, require, in any suit for the enforcement of any right or remedy under this  Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the  filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that  such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and  expenses, against any party litigant in such suit, having due regard to the merits and good faith of   the claims or defenses made by such party litigant; provided that the provisions of this Section   6.11 (to the extent permitted by law) shall not apply to any suit instituted by the Trustee, to any   suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in   principal amount of the Notes at the time outstanding, or to any suit instituted by any Holder for   the enforcement of the payment of the principal of (including, but not limited to, the Redemption   Price, Repurchase Price and Fundamental Change Repurchase Price with respect to the Notes   being purchased or redeemed as provided in this Indenture) or accrued and unpaid interest, if   any, on any Note on or after the due date expressed or provided for in such Note or to any suit   for the enforcement of the payment or delivery of consideration due upon conversion.                                      ARTICLE 7                               CONCERNING THE TRUSTEE          Section 7.01 Duties and Responsibilities of Trustee.          (a)   Prior to the occurrence of an Event of Default and after the curing or waiving of   all Events of Default that may have occurred:                (i)   the duties and obligations of the Trustee shall be determined solely by the         express provisions of this Indenture, and the Trustee shall not be liable except for the         performance of such duties and obligations 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 or willful misconduct on the part of the Trustee,         the Trustee may conclusively rely, as to the truth of the statements and the correctness of         the opinions expressed therein, upon any certificates or opinions furnished to the Trustee         and conforming to the requirements of this Indenture; but, in the case of any such         certificates or opinions that by any provisions hereof are specifically required to be         furnished to the Trustee, the Trustee shall be under a duty to examine the same to         determine whether or not they conform to the requirements of this Indenture (but need         not confirm or investigate the accuracy of any mathematical calculations or other facts         stated therein).          (b)   In the event an Event of Default has occurred and is continuing, the Trustee shall   exercise such of the rights and powers vested in it by this Indenture, and use the same degree of     064310-0812-15924-Active.25775846.6                                               40  

 

     care and skill in their exercise, as a prudent person would exercise or use under the   circumstances in the conduct of such person’s own affairs.          (c)   No provision of this Indenture shall be construed to relieve the Trustee from  liability for its own negligent action, its own negligent failure to act or its own willful  misconduct, except that:               (i)   this subsection shall not be construed to limit the effect of subsection (a)        of this Section;               (ii)  the Trustee shall not be liable for any error of judgment made in good faith        by a Responsible Officer or Officers of the Trustee, unless it shall be proved that the        Trustee was negligent in ascertaining the pertinent facts;               (iii) the Trustee shall not be liable with respect to any action taken or omitted        to be taken by it in good faith in accordance with the written direction of the Holders of        not less than a majority of the aggregate principal amount of the Notes at the time        outstanding determined as provided in Article 8 relating to the time, method and place of        conducting any proceeding for any remedy available to the Trustee, or exercising any        trust or power conferred upon the Trustee, under this Indenture; and               (iv)  no provision of this Indenture shall require the Trustee to expend or risk        its own funds or otherwise incur any financial liability in the performance of any of its        duties hereunder, or in the exercise of any of its rights or powers, if it shall have        reasonable grounds for believing that repayment of such funds or adequate indemnity        against such risk or liability is not reasonably assured to it.         (d)   Whether or not therein provided, 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 Section 7.01.         (e)   The Trustee shall not be liable in respect of any payment (as to the correctness of  amount, entitlement to receive or any other matters relating to payment) or notice effected by the  Company or any Paying Agent or any records maintained by any co-Note Registrar with respect  to the Notes.         (f)   In the absence of written investment direction from the Company, all cash  received by the Trustee shall be placed in a non-interest bearing trust account, and in no event  shall the Trustee be liable for the selection of investments or for investment losses incurred  thereon or for losses incurred as a result of the liquidation of any such investment prior to its  maturity date or the failure of the party directing such investments prior to its maturity date or   the failure of the party directing such investment to provide timely written investment direction,   and the Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the   absence of such written investment direction from the Company.          (g)   In the event that the Trustee is also acting as Custodian, Note Registrar, Paying   Agent, Conversion Agent, Bid Solicitation Agent or transfer agent hereunder, the rights and   protections afforded to the Trustee pursuant to this Error! Reference source not found. shall    064310-0812-15924-Active.25775846.6                                               41  

 

     also be afforded to such Custodian, Note Registrar, Paying Agent, Conversion Agent, Bid   Solicitation Agent or transfer agent.          (h)   Under no circumstances shall the Trustee be liable in its individual capacity for   the obligations evidenced by the Notes.          Section 7.02 Certain Rights of the Trustee.          (a)   The Trustee may conclusively rely and shall be fully protected in acting upon any   resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order,   bond, note, coupon or other paper or document (whether in its original or facsimile form)   believed by it in good faith to be genuine and to have been signed or presented by the proper   party or parties;          (b)   any request, direction, order or demand of the Company mentioned herein shall be   sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be   herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a   copy thereof certified by the Secretary or an Assistant Secretary of the Company;         (c)   the Trustee may consult with counsel of its selection and require an Opinion of   Counsel and any advice of such counsel or Opinion of Counsel shall be full and complete  authorization and protection in respect of any action taken or omitted by it hereunder in good  faith and in accordance with such advice or Opinion of Counsel;         (d)   the Trustee shall not be bound to make any investigation into the facts or matters  stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,  direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its  discretion, may make such further inquiry or investigation into such facts or matters as it may see  fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be  entitled, at a reasonable time on any Business Day, 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;          (e)   the Trustee may execute any of the trusts or powers hereunder or perform any   duties hereunder either directly or by or through duly authorized agents, custodians, nominees or   attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of   any agent, custodian, nominee or attorney appointed by it with due care hereunder;          (f)   the permissive rights of the Trustee enumerated herein shall not be construed as   duties;          (g)   the Trustee shall not be required to give any bond or surety in respect of the   performance of its powers and duties hereunder;         (h)   the Trustee may request that the Company deliver a certificate setting forth the  names of individuals and/or titles of Officers authorized at such time to take specified actions  pursuant to this Indenture;     064310-0812-15924-Active.25775846.6                                               42  

 

           (i)   in no event shall the Trustee be liable for any special, indirect, punitive or   consequential loss or damage of any kind whatsoever (including but not limited to lost profits),   even if the Trustee has been advised of the likelihood of such loss or damage and regardless of   the form of action;          (j)   the Trustee shall not be charged with knowledge of any Default or Event of   Default with respect to the Notes, unless either (1) a Default or Event of Default under Section   6.01(a) or (b) of this Indenture has occurred or (2) written notice of such Default or Event of  Default shall have been given to a Responsible Officer of the Trustee by the Company or by any  Holder of the Notes at the Corporate Trust Office of the Trustee and such notice references the  Notes and this Indenture;         (k)   the Trustee shall not be liable in respect of any payment (as to the correctness of  amount, entitlement to receive or any other matters relating to payment) or notice effected by the  Company or any Paying Agent (if other than the Trustee) or any records maintained by any co- Note Registrar with respect to the Notes;         (l)   whenever in the administration of this Indenture the Trustee shall deem it  desirable that a matter be proved or established prior to taking, suffering or omitting any action  hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the  absence of bad faith on its part, conclusively rely upon an Officers’ Certificate;         (m)   if any party fails to deliver a notice relating to an event the fact of which, pursuant  to this Indenture, requires notice to be sent to the Trustee, the Trustee may conclusively rely on   its failure to receive such notice as reason to act as if no such event occurred;          (n)   the rights and protections afforded to the Trustee under this Indenture, including,   without limitation, its right to be indemnified, shall also be afforded to the Trustee in each of its   capacities hereunder, and each agent, custodian and other Person employed to act hereunder;          (o)   subject to this Article 7, if an Event of Default occurs and is continuing, 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 satisfactory to the Trustee against   any loss, liability and expense which might be incurred by it in compliance with such request or   direction; and          (p)   the Trustee shall not be liable for any action taken, suffered, or omitted to be   taken by it in good faith and reasonably believed by it to be authorized or within the discretion or   rights or powers conferred upon it by this Indenture.          Section 7.03 No Responsibility for Recitals, Etc.  The recitals contained herein and in   the Notes (except in the Trustee’s certificate of authentication) shall be taken as the statements of   the Company, and the Trustee assumes no responsibility for the correctness of the same.  The   Trustee makes no representations as to the validity or sufficiency of this Indenture or of the   Notes.  The Trustee shall not be accountable for the use or application by the Company of any   Notes or the proceeds of any Notes authenticated and delivered by the Trustee in conformity   with the provisions of this Indenture.    064310-0812-15924-Active.25775846.6                                               43  

 

           Section 7.04 Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or Note   Registrar May Own Notes.  The Trustee, any Paying Agent, any Conversion Agent, the   Custodian, Bid Solicitation Agent or Note Registrar, in its individual or any other capacity, may   become the owner or pledgee of Notes with the same rights it would have if it were not the   Trustee, Paying Agent, Conversion Agent, Custodian, Bid Solicitation Agent or Note Registrar.          Section 7.05 Monies and Shares of Common Stock to Be Held in Trust.  All monies and   shares of Common Stock received by the Trustee shall, until used or applied as herein provided,   be held in trust for the purposes for which they were received.  Money and shares of Common   Stock held by the Trustee in trust hereunder need not be segregated from other funds or property   except to the extent required by law or as expressly provided herein.  The Trustee shall be under   no liability for interest on any money or shares of Common Stock received by it hereunder   except as may be agreed from time to time by the Company and the Trustee.          Section 7.06 Compensation and Expenses of Trustee.  The Company covenants and   agrees to pay to the Trustee, in any capacity under this Indenture, from time to time, and the   Trustee shall be entitled to, such compensation for all services rendered by it hereunder in any   capacity (which shall not be limited by any provision of law in regard to the compensation of a  trustee of an express trust) as mutually agreed to in writing between the Trustee and the  Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable  expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance  with any of the provisions of this Indenture in any capacity hereunder (including the reasonable   compensation and the expenses and disbursements of its agents and counsel and of all Persons   not regularly in its employ) except any such expense, disbursement or advance as shall have been   caused by its gross negligence, willful misconduct or bad faith, as determined by a final,   nonappealable order of a court of competent jurisdiction.  The Company also covenants and   agrees to indemnify the Trustee in any capacity under this Indenture and any other document or   transaction entered into in connection herewith and its officers, director, employees, agents and   any authenticating agent for, and to hold them harmless against, any loss, claim, damage,   liability or expense, including taxes (other than taxes based upon, measured by or determined by   the income of the Trustee) incurred without gross negligence, willful misconduct or bad faith on   the part of the Trustee, its officers, directors, agents or employees, or such agent or   authenticating agent, as the case may be, as determined by a final, nonappealable order of a court   of competent jurisdiction and arising out of or in connection with the acceptance or   administration of this Indenture or in any other capacity hereunder, including the costs and   expenses of defending themselves against any claim (whether asserted by the Company, a Holder   or any other Person) of liability in the premises.  The obligations of the Company under this   Section 7.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for   expenses, disbursements and advances shall be secured by a senior lien to which the Notes are   hereby made subordinate on all money or property held or collected by the Trustee, except,   subject to the effect of Section 6.05, funds held in trust herewith for the benefit of the Holders of   particular Notes.  The Trustee’s right to receive payment of any amounts due under this Section   7.06 shall not be made expressly subordinate to any other liability or indebtedness of the   Company.  The obligation of the Company under this Section 7.06 shall survive the satisfaction  and discharge of this Indenture, final payment of the Notes and the earlier resignation or removal  of the Trustee.  The Company need not pay for any settlement made without its consent, which     064310-0812-15924-Active.25775846.6                                               44  

 

   consent shall not be unreasonably withheld.  The indemnification provided in this Section 7.06  shall extend to the officers, directors, agents and employees of the Trustee.         Without prejudice to any other rights available to the Trustee under applicable law, when  the Trustee and its agents and any authenticating agent incur expenses or render services after an  Event of Default specified in Section 6.01(h) or Section 6.01(i) occurs with respect to the  Company, the expenses and the compensation for the services are intended to constitute expenses  of administration under any bankruptcy, insolvency or similar laws.         Section 7.07 [Reserved].         Section 7.08 Eligibility of Trustee.  There shall at all times be a Trustee hereunder  which shall be a Person that is eligible pursuant to the Trust Indenture Act (as if the Trust  Indenture Act were applicable hereto) to act as such and has a combined capital and surplus of at  least $50,000,000.  If such Person publishes reports of condition at least annually, pursuant to  law or to the requirements of any supervising or examining authority, then for the purposes of  this Section 7.08, the combined capital and surplus of such Person shall be deemed to be its  combined capital and surplus as set forth in its most recent report of condition so published.  If at  any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it  shall resign immediately in the manner and with the effect hereinafter specified in this Article 7.         Section 7.09 Resignation or Removal of Trustee.  The Trustee may at any time resign  by giving 30 days prior written notice of such resignation to the Company and by mailing notice  thereof to the Holders at their addresses as they shall appear on the Note Register.  Upon  receiving such notice of resignation, the Company shall promptly appoint a successor trustee by  written instrument, in duplicate, executed by order of the Board of Directors, one copy of which  instrument shall be delivered to the resigning Trustee and one copy to the successor trustee.  If  no successor trustee shall have been so appointed and have accepted appointment within 30 days  after the mailing of such notice of resignation to the Holders, the resigning Trustee may, upon  ten Business Days’ notice to the Company and the Holders and at the expense of the Company,  petition any court of competent jurisdiction for the appointment of a successor trustee, or any  Holder who has been a bona fide holder of a Note or Notes for at least six months may, subject  to the provisions of Section 6.11, on behalf of himself and all others similarly situated, petition  any such court for the appointment of a successor trustee.  Such court may thereupon, after such  notice, if any, as it may deem proper and prescribe, appoint a successor trustee.        (a)   In case at any time any of the following shall occur:              (i)   the Trustee shall fail to comply with Section 7.13 within a reasonable time        after written request therefor by the Company or by any Holder who has been a bona fide       Holder of a Note or Notes for at least six (6) months;              (ii)  the Trustee shall cease to be eligible in accordance with the provisions of       Section 7.08 and shall fail to resign after written request therefor by the Company or by       any such Holder, or              (iii)  the Trustee shall become incapable of acting, or shall be adjudged        bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or   064310-0812-15924-Active.25775846.6                                              45  

 

         any public officer shall take charge or control of the Trustee or of its property or affairs        for the purpose of rehabilitation, conservation or liquidation,   then, in any such case, the Company may by a Board Resolution remove the Trustee and appoint  a successor trustee by written instrument, in duplicate, executed by order of the Board of  Directors, one copy of which instrument shall be delivered to the Trustee so removed and one  copy to the successor trustee, or, subject to the provisions of Section 6.11, any Holder who has  been a bona fide holder of a Note or Notes for at least six months may, on behalf of himself and  all others similarly situated, petition any court of competent jurisdiction for the removal of the  Trustee and the appointment of a successor trustee.  Such court may thereupon, after such notice,  if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.         (b)   The Holders of a majority in aggregate principal amount of the Notes at the time  outstanding may at any time, with 30 days prior written notice to the Trustee and the Company,  remove the Trustee and nominate a successor trustee that shall be deemed appointed as successor  trustee unless within ten days after notice to the Company of such nomination the Company  objects thereto.  If no successor trustee shall have been so appointed and have accepted  appointment within 30 days after removal of the Trustee by the Holders, the Trustee may, at the  expense of the Company, upon ten Business Days’ notice to the Company and the Holders,  petition any court of competent jurisdiction for the appointment of a successor trustee.         (c)   Any resignation or removal of the Trustee and appointment of a successor trustee  pursuant to any of the provisions of this Section 7.09 shall become effective upon (i) payment of  all fees and expenses owing to the Trustee and (ii) acceptance of appointment by the successor  trustee as provided in Section 7.10.         Section 7.10 Acceptance by Successor Trustee.  Any successor trustee appointed as  provided in Section 7.09 shall execute, acknowledge and deliver to the Company and to its  predecessor trustee an instrument accepting such appointment hereunder, and thereupon the  resignation or removal of the predecessor trustee shall become effective and such successor  trustee, without any further act, deed or conveyance, shall become vested with all the rights,  powers, duties and obligations of its predecessor hereunder, with like effect as if originally  named as Trustee herein; but, nevertheless, on the written request of the Company or of the  successor trustee, the predecessor trustee shall, upon payment of any amounts then due it  pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such  successor trustee all the rights and powers of the trustee so ceasing to act.  Upon request of any  such successor trustee, the Company shall execute any and all instruments in writing for more  fully and certainly vesting in and confirming to such successor trustee all such rights and powers.   Any trustee ceasing to act shall, nevertheless, retain a senior lien to which the Notes are hereby  made subordinate on all money or property held or collected by such trustee as such pursuant to  this Indenture, except for funds held in trust for the benefit of Holders of particular Notes, to  secure any amounts then due it pursuant to the provisions of Section 7.06.         No successor trustee shall accept appointment as provided in this Section 7.10 unless at  the time of such acceptance such successor trustee shall be eligible under the provisions of  Section 7.08.    064310-0812-15924-Active.25775846.6                                              46  

 

         Upon acceptance of appointment by a successor trustee as provided in this Section 7.10,  each of the Company and the successor trustee, at the written direction and at the expense of the  Company shall send or cause to be sent notice of the succession of such trustee hereunder to the  Holders at their addresses as they shall appear on the Note Register.  If the Company fails to mail  such notice within ten days after acceptance of appointment by the successor trustee, the  successor trustee shall cause such notice to be mailed at the expense of the Company.         Section 7.11 Succession by Merger, Etc.  Any corporation or other entity into which the  Trustee may be merged or converted or with which it may be consolidated, or any corporation or  other entity resulting from any merger, conversion or consolidation to which the Trustee shall be  a party, or any corporation or other entity succeeding to all or substantially all of the corporate  trust business of the Trustee (including the administration of this Indenture), shall be the  successor to the Trustee hereunder without the execution or filing of any paper or any further act  on the part of any of the parties hereto; provided that in the case of any corporation or other  entity succeeding to all or substantially all of the corporate trust business of the Trustee such  corporation or other entity shall be eligible under the provisions of Section 7.08.         In case at the time such successor to the Trustee shall succeed to the trusts created by this  Indenture, any of the Notes shall have been authenticated but not delivered, any such successor  to the Trustee may adopt the certificate of authentication of any predecessor trustee or  authenticating agent appointed by such predecessor trustee, and deliver such Notes so  authenticated; and in case at that time any of the Notes shall not have been authenticated, any  successor to the Trustee or an authenticating agent appointed by such successor trustee may  authenticate such Notes either in the name of any predecessor trustee hereunder or in the name of  the successor trustee; and in all such cases such certificates of authentication shall have the full  force which it is anywhere in the Notes or in this Indenture provided that the certificate of  authentication of the Trustee shall have; provided, however, that the right to adopt the certificate  of authentication of any predecessor trustee or to authenticate Notes in the name of any  predecessor trustee shall apply only to its successor or successors by merger, conversion or  consolidation.         Section 7.12 Trustee’s Application for Instructions from the Company.  Any application  by the Trustee for written instructions from the Company (other than with regard to any action  proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders  of the Notes under this Indenture) 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 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 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 date of effectiveness in the case of any omission), the Trustee shall  have received written instructions in accordance with this Indenture in response to such  application specifying the action to be taken or omitted.         Section 7.13 Conflicting Interests of Trustee.  If the Trustee has or shall acquire a  conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either    064310-0812-15924-Active.25775846.6                                              47  

 

     eliminate such interest or resign, to the extent and in the manner provided by, and subject to the   provisions of this Indenture.                                      ARTICLE 8                              CONCERNING THE HOLDERS          Section 8.01 Action by Holders.  Whenever in this Indenture it is provided that the   Holders of a specified percentage of the aggregate principal amount of the Notes may take any   action (including the making of any demand or request, the giving of any notice, consent or   waiver or the taking of any other action), the fact that at the time of taking any such action, the   Holders of such specified percentage have joined therein may be evidenced (i) by any instrument   or any number of instruments of similar tenor executed by Holders in person or by agent or   proxy appointed in writing, or (ii) by the record of the Holders voting in favor thereof at any   meeting of Holders duly called and held, or (iii) by a combination of such instrument or   instruments and any such record of such a meeting of Holders.  Whenever the Company or the  Trustee solicits the taking of any action by the Holders of the Notes, the Company or the Trustee   may, but shall not be required to, fix in advance of such solicitation, a date as the record date for   determining Holders entitled to take such action.  The record date if one is selected shall be not  more than fifteen days prior to the date of commencement of solicitation of such action.         Section 8.02 Proof of Execution by Holders.  Subject to the provisions of Section 7.01  and Section 7.02, proof of the execution of any instrument by a Holder or its agent or proxy shall  be sufficient if made in accordance with such reasonable rules and regulations as may be  prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.  The holding  of Notes shall be proved by the Note Register or by a certificate of the Note Registrar.         Section 8.03 Who Are Deemed Absolute Owners.  The Company, the Trustee, any  authenticating agent, any Paying Agent, any Conversion Agent and any Note Registrar may  deem the Person in whose name a Note shall be registered upon the Note Register to be, and may  treat it as, the absolute owner of such Note (whether or not such Note shall be overdue and  notwithstanding any notation of ownership or other writing thereon made by any Person other  than the Company or any Note Registrar) for the purpose of receiving payment of or on account  of the principal of and (subject to Section 2.03) accrued and unpaid interest on such Note, for  conversion of such Note and for all other purposes; and neither the Company nor the Trustee nor  any Paying Agent nor any Conversion Agent nor any Note Registrar shall be affected by any  notice to the contrary.  The sole registered holder of a Global Note shall be the Depositary or its  nominee. All such payments or deliveries so made to any Holder, or upon its order, shall be  valid, and, to the extent of the sums or shares of Common Stock so paid or delivered, effectual to  satisfy and discharge the liability for monies payable or shares deliverable upon any such Note.   Notwithstanding anything to the contrary in this Indenture or the Notes following an Event of  Default, any holder of a beneficial interest in a Global Note may directly enforce against the  Company, without the consent, solicitation, proxy, authorization or any other action of the  Depositary or any other Person, such holder’s right to exchange such beneficial interest for a  Note in certificated form in accordance with the provisions of this Indenture.         Section 8.04 Company-Owned Notes Disregarded.  In determining whether the Holders  of the requisite aggregate principal amount of Notes have concurred in any direction, consent,     064310-0812-15924-Active.25775846.6                                               48  

 

   waiver or other action under this Indenture, Notes that are owned by the Company, by any  Subsidiary thereof or by any Affiliate of the Company or any Subsidiary thereof shall be  disregarded (from both the numerator and the denominator) and deemed not to be outstanding for  the purpose of any such determination; provided that for the purposes of determining whether the  Trustee shall be protected in relying on any such direction, consent, waiver or other action only  Notes that a Responsible Officer actually knows are so owned shall be so disregarded.  Notes so  owned that have been pledged in good faith may be regarded as outstanding for the purposes of  this Section 8.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s  right to so act with respect to such Notes and that the pledgee is not the Company, a Subsidiary  thereof or any Affiliate of the Company or a Subsidiary thereof.  In the case of a dispute as to  such right, any decision by the Trustee taken upon the advice of counsel shall be full protection  to the Trustee.  Upon request of the Trustee, the Company shall furnish to the Trustee promptly  an Officers’ Certificate listing and identifying all Notes, if any, known by the Company to be  owned or held by or for the account of any of the above described Persons; and, subject to  Section 7.01, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive  evidence of the facts therein set forth and of the fact that all Notes not listed therein are  outstanding for the purpose of any such determination.         Section 8.05 Revocation of Consents; Future Holders Bound.  At any time prior to (but  not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action  by the Holders of the percentage of the aggregate principal amount of the Notes specified in this  Indenture in connection with such action, any Holder of a Note that is shown by the evidence to  be included in the Notes the Holders of which have consented to such action may, by filing  written notice with the Trustee at its Corporate Trust Office and upon proof of holding as  provided in Section 8.02, revoke such action so far as concerns such Note.  Except as aforesaid,  any such action taken by the Holder of any Note shall be conclusive and binding upon such  Holder and upon all future Holders and owners of such Note and of any Notes issued in  exchange or substitution therefor or upon registration of transfer thereof, irrespective of whether  any notation in regard thereto is made upon such Note or any Note issued in exchange or  substitution therefor or upon registration of transfer thereof.                                     ARTICLE 9                               OPTIONAL REDEMPTION         Section 9.01 Optional Redemption.  No sinking fund is provided for the Notes.  The  Notes shall not be redeemable by the Company prior to May 20, 2023.  At any time on or after  May 20, 2023, the Company may redeem at its option(an “Optional Redemption”) for cash all  or any portion of the Notes, at the Redemption Price.         Section 9.02 Notice of Optional Redemption; Selection of Notes.  (a) In case the  Company exercises its Optional Redemption right to redeem all or any portion of the Notes  pursuant to Section 9.01, it shall fix a date for redemption (each, a “Redemption Date”) and the  Company or, at its written request received by the Trustee not less than three Business Days  prior to the date the Redemption Notice is to be sent (unless a shorter notice period shall be  agreed to by the Trustee), the Trustee, in the name of and at the expense of the Company, shall  deliver or cause to be delivered a notice of such Optional Redemption (a “Redemption Notice”)  not less than 35 nor more than 50 Scheduled Trading Days prior to the Redemption Date to the    064310-0812-15924-Active.25775846.6                                              49  

 

   Trustee, the Paying Agent (if other than the Trustee) and each Holder of Notes so to be redeemed  as a whole or in part.         (b)   The Redemption Notice, if delivered in the manner herein provided, shall be  conclusively presumed to have been duly given, whether or not the Holder receives such notice.   In any case, failure to give such Redemption Notice by mail or any defect in the Redemption  Notice to the Holder of any Note designated for redemption as a whole or in part shall not affect  the validity of the proceedings for the redemption of any other Note.         (c)   Each Redemption Notice shall be irrevocable and may not be conditional and  shall specify:               (i)   the Redemption Date;               (ii)  the Redemption Price;               (iii) that on the Redemption Date, the Redemption Price will become due and        payable upon each Note to be redeemed, and that interest thereon, if any, shall cease to        accrue on and after the Redemption Date;               (iv)  the place or places where such Notes are to be surrendered for payment of        the Redemption Price;               (v)   that Holders may surrender their Notes for conversion at any time prior to        the close of business on the second Scheduled Trading Day immediately preceding the        Redemption Date (unless the Company fails to pay the Redemption Price, in which case a        Holder may convert such Notes until the close of business on the Business Day        immediately preceding the date on which the Redemption Price has been paid or duly        provided for);               (vi)  the Conversion Rate and any adjustments to the Conversion Rate;               (vii) the CUSIP numbers and the statement required in Section 2.09 hereto;               (viii) in case any Note is to be redeemed in part only, the portion of the principal        amount thereof to be redeemed and on and after the Redemption Date, upon surrender of        such Note, a new Note in principal amount equal to the unredeemed portion thereof shall        be issued; and               (ix)  the date on which the Observation Period will begin.         (d)   If the Company elects to redeem fewer than all of the outstanding Notes, the  Trustee shall select the Notes or portions thereof of a Global Note or the Notes in certificated  form to be redeemed (in principal amounts of $1,000 or integral multiples of $1,000 in excess  thereof) by lot, on a pro rata basis or by another method the Trustee considers to be fair and  appropriate or as required by the rules and procedures of the applicable Depositary.  If any Note  selected for partial redemption is submitted for conversion in part after such selection, the    064310-0812-15924-Active.25775846.6                                              50  

 

     portion of the Note submitted for conversion shall be deemed (so far as may be possible) to be   the portion selected for redemption.          Section 9.03 Payment of Notes Called for Redemption.  (a) If any Redemption Notice   has been given in respect of the Notes in accordance with Section 9.02, the Notes shall become  due and payable on the Redemption Date at the place or places stated in the Redemption Notice  and at the applicable Redemption Price.  On presentation and surrender of the Notes at the place  or places stated in the Redemption Notice, the Notes shall be paid and redeemed by the  Company at the applicable Redemption Price.         (b)   Prior to 10:00 a.m., New York City time, on the Redemption Date, the Company  shall deposit with the Paying Agent or, if the Company or a Subsidiary of the Company is acting  as the Paying Agent, shall segregate and hold in trust as provided in Section 4.04 an amount of  cash (in immediately available funds if deposited on the Redemption Date), sufficient to pay the  Redemption Price of all of the Notes to be redeemed on such Redemption Date; provided,  however, that to the extent any such deposit is received by the Trustee (or applicable Paying  Agent) after 10:00 a.m., New York City time on any such due date, such deposit will be deemed  deposited on the next Business Day.  Subject to receipt of funds by the Paying Agent, payment  for the Notes to be redeemed shall be made on the Redemption Date for such Notes.         The Paying Agent shall, promptly after such payment and upon written demand by the  Company, return to the Company any funds in excess of the Redemption Price and any amounts  due and owing to the Trustee or Paying Agent.         (c)   Upon surrender of a Note that is to be redeemed in part pursuant to this Article 9,  the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate  and deliver to the Holder a new Note in an authorized denomination equal in principal amount to  the unredeemed portion of the Note surrendered, without payment of any service charge.         Section 9.04 Restrictions on Redemption.  The Company may not redeem any Notes on  any date if the principal amount of the Notes has been accelerated in accordance with the terms  of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption  Date (except in the case of an acceleration resulting from a Default by the Company in the  payment of the Redemption Price with respect to such Notes).                                     ARTICLE 10                              SUPPLEMENTAL INDENTURES          Section 10.01 Supplemental Indentures Without Consent of Holders.  Notwithstanding   Section 10.02, without the consent of any Holder, the Company and the Trustee may amend or   supplement this Indenture and the Notes to:          (a)   cure any ambiguity, omission, defect or inconsistency in this Indenture or in the   Notes in a manner that does not adversely affect any Holder in any material respect;          (b)   provide for the assumption by a Successor Company of the obligations of the   Company under this Indenture or the Notes in accordance with Article 11;     064310-0812-15924-Active.25775846.6                                               51  

 

           (c)   add guarantees with respect to the Notes;          (d)   secure the Notes;          (e)   increase the Conversion Rate of the Notes;          (f)   irrevocably select a Settlement Method or Specified Dollar Amount, or eliminate   the Company’s right to choose a particular settlement method, on conversion of Notes;         (g)   add to the covenants or Events of Default for the benefit of the Holders or make   changes that would provide additional rights to Holders or surrender any right or power   conferred upon the Company;          (h)   make any change that does not adversely affect the rights of any Holder in any   material respect;          (i)   in connection with any Specified Corporate Event, provide that the Notes are   convertible into Reference Property, subject to Section 14.02, and make certain related changes   to the terms of this Indenture and the Notes to the extent expressly required by this Indenture;          (j)   evidence and provide for the acceptance of an appointment under this Indenture of   a successor Trustee; provided that the successor Trustee is otherwise qualified and eligible to act   as such under the terms of this Indenture as set forth in an Officers’ Certificate;          (k)   conform the provisions of this Indenture or the Notes to the “Description of  notes” section of the Offering Memorandum; and         (l)   provide for the issuance of additional Notes in accordance with Section 2.10(a).         The Trustee is hereby authorized to join with the Company in the execution of any such  amendment, supplement or waiver, to make any further appropriate agreements and stipulations  that may be therein contained, but the Trustee shall not be obligated to, but may in its discretion,   enter into any amendment, supplement or waiver that adversely affects the Trustee’s own rights,   duties, liabilities or immunities under this Indenture or otherwise.         Section 10.02 Supplemental Indentures with Consent of Holders.  Except as provided   above in Section 10.01 and below in this Section 10.02, the Company and the Trustee may from   time to time and at any time amend or supplement this Indenture and the Notes with the consent   (evidenced as provided in Article 8) of the Holders of at least a majority of the aggregate   principal amount of the Notes then outstanding (determined in accordance with Article 8 and   including, without limitation, consents obtained in connection with a repurchase of, or tender   offer or exchange offer for, Notes); provided, however, that, without the consent of each Holder   of an outstanding Note affected, no such amendment shall:          (a)   reduce the percentage in aggregate principal amount of Notes whose Holders   must consent to an amendment of this Indenture;          (b)   reduce the rate of or extend the stated time for payment of interest on any Note;     064310-0812-15924-Active.25775846.6                                               52  

 

           (c)   reduce the principal of or extend the Maturity Date of any Note;          (d)   make any change that adversely affects the conversion rights of any Notes;          (e)   reduce the Redemption Price, the Repurchase Price or the Fundamental Change   Repurchase Price of any Note or amend or modify in any manner adverse to the Holders the   Company’s obligation to make such payments, whether through an amendment or waiver of   provisions in the covenants, definitions or otherwise;          (f)   make any Note payable in a currency, or at a place of payment, other than that   stated in the Note;          (g)   change the ranking of the Notes;          (h)   impair the right of any Holder to receive payment of principal and interest on such   Holder’s Notes on or after due dates therefor or amend the contractual right expressly set forth in   this Indenture or the Notes of any Holder to institute suit for the enforcement of any payment of   principal (including the Redemption Price, the Repurchase Price and the Fundamental Change  Repurchase Price, if applicable) of, accrued and unpaid interest, if any, on, or the consideration  due upon conversion of, such Holder’s Notes, on or after the respective due dates expressed or  provided for in such Holder’s Notes or in this Indenture; or         (i)   make any change in this Article 10 that requires each Holder’s consent or in the  waiver provisions (including in Section 6.09).         Upon the written request of the Company, and upon the filing with the Trustee of  evidence of the consent of Holders as aforesaid and subject to Section 10.05, the Trustee shall  join with the Company in the execution of such amendment, supplement or waiver unless such  amendment, supplement or waiver adversely affects the Trustee’s own rights, duties or  immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but  shall not be obligated to, enter into such amendment, supplement or waiver.         Holders do not need under this Section 10.02 to approve the particular form of any  proposed amendment, supplement or waiver of this Indenture.  It shall be sufficient if such  Holders approve the substance thereof.  After any such amendment, supplement or waiver  becomes effective, the Company shall send to the Holders (with a copy to the Trustee) a notice  briefly describing such amendment, supplement or waiver. However, the failure to give such  notice to all the Holders (with a copy to the Trustee), or any defect in the notice, will not impair  or affect the validity of the amendment, supplement or waiver.         Section 10.03 Effect of Amendment, Supplement and Waiver.  Upon the execution of any  amendment, supplement or waiver of this Indenture pursuant to the provisions of this Article 10,  this Indenture shall be and be deemed to be modified and amended in accordance therewith and  the respective rights, limitation of rights, obligations, duties and immunities under this Indenture  of the Trustee, the Company and the Holders shall thereafter be determined, exercised and  enforced hereunder subject in all respects to such modifications and amendments and all the  terms and conditions of any such amendment or supplement shall be and be deemed to be part of  the terms and conditions of this Indenture for any and all purposes.    064310-0812-15924-Active.25775846.6                                               53  

 

           Section 10.04 Notation on Notes.  Notes authenticated and delivered after the execution   of any amendment, supplement or waiver to this Indenture pursuant to the provisions of this   Article 10 may, at the Company’s expense, bear a notation in form approved by the Trustee as to   any matter provided for in such amendment, supplement or waiver.  If the Company or the   Trustee shall so determine, new Notes so modified as to conform, in the opinion of the Trustee  and the Board of Directors, to any modification of this Indenture contained in any such  amendment, supplement or waiver may, at the Company’s expense, be prepared and executed by  the Company, authenticated by the Trustee (or an authenticating agent duly appointed by the  Trustee pursuant to Section 17.11) and delivered in exchange for the Notes then outstanding,  upon surrender of such Notes then outstanding. Failure to make the appropriate notation or issue  a new Note shall not affect the validity and effect of such amendment, supplement or waiver.         Section 10.05 Evidence of Compliance of Amendment, Supplement or Waiver to Be  Furnished to Trustee.  In addition to the documents required by Section 17.06, the Trustee shall  receive and may rely on an Officers’ Certificate and an Opinion of Counsel as conclusive  evidence that any amendment, supplement or waiver to this Indenture executed pursuant hereto  complies with the requirements of this Article 10 and is permitted or authorized by this  Indenture.                                     ARTICLE 11                           CONSOLIDATION, MERGER AND SALE          Section 11.01 Company May Consolidate, Etc. on Certain Terms.          (a)   The Company shall not consolidate with or merge with or into or otherwise   combine with another Person, or sell, lease or otherwise transfer or dispose of all or substantially  all of the Company’s and its Subsidiaries’ consolidated assets, taken as a whole, to another   Person, unless:                (i)   the Company is the surviving corporation or the resulting, surviving or        transferee Person (if not the Company) (the “Successor Company”) is a corporation        organized and existing under the laws of the United States of America, any State thereof        or the District of Columbia, and such corporation (if not the Company) expressly assumes        by supplemental indenture all of the Company’s obligations under the Notes and this        Indenture; and               (ii)  immediately after giving effect to such transaction, no Default or Event of        Default shall have occurred and be continuing under this Indenture.         For purposes of this Section 11.01, any sale, lease or other transfer or disposition of the  assets of one or more Subsidiaries of the Company to a third party that would, if such assets were  held directly by the Company instead of such Subsidiaries, have constituted the sale, lease or  other transfer or disposition of all or substantially all of the Company’s and its Subsidiaries’  consolidated assets, taken as a whole, shall be deemed to be the sale, lease or other transfer or  disposition of the assets of all or substantially all the Company’s and its Subsidiaries’  consolidated assets, taken as a whole, to another Person.     064310-0812-15924-Active.25775846.6                                               54  

 

           (b)   Upon any such consolidation, merger, combination or sale, lease or other transfer   or disposition and upon the assumption by the Successor Company, by supplemental indenture,   executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and   punctual payment of the principal (including the Redemption Price, the Repurchase Price and the   Fundamental Change Repurchase Price, if applicable) of and accrued and unpaid interest on all   of the Notes, the due and punctual delivery and/or payment, as the case may be, of any   consideration due upon conversion of the Notes and the due and punctual performance of all of   the covenants and conditions of this Indenture and the Notes to be performed by the Company,   such Successor Company (if not the Company) shall succeed to, and may exercise every right   and power of and be substituted for, the Company, with the same effect as if it had been named   herein as the party of the first part, and the Company shall be discharged from its obligations   under the Notes and this Indenture, except in the case of a lease of all or substantially all assets.    Such Successor Company thereupon may cause to be signed, and may issue either in its own   name or in the name of the Company any or all of the Notes issuable hereunder which   theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon   the order of such Successor Company instead of the Company and subject to all the terms,   conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall   deliver, or cause to be authenticated and delivered, any Notes that previously shall have been   signed and delivered by an Officer of the Company to the Trustee for authentication, and any   Notes that such Successor Company thereafter shall cause to be signed and delivered to the   Trustee for that purpose.  All the Notes so issued shall in all respects have the same legal rank   and benefit under this Indenture as the Notes theretofore or thereafter issued in accordance with   the terms of this Indenture as though all of such Notes had been issued at the date of the   execution hereof.  In the event of any such consolidation, merger, combination or sale, transfer   or disposition (but not in the case of a lease), upon compliance with this Article 11, the Person   named as the “Company” in the first paragraph of this Indenture shall be released from its   liabilities as obligor and maker of the Notes and from its obligations under this Indenture and the   Notes.          Section 11.02 Opinion of Counsel and Officers’ Certificate to be Given to Trustee.  The   Company shall deliver, or cause to be delivered, to the Trustee an Officers’ Certificate and an   Opinion of Counsel, each to the effect that each of such consolidation, merger, combination,   sale, lease or other transfer or disposition and such supplemental indenture complies with the   requirements of this Indenture.                                     ARTICLE 12           IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS          Section 12.01 Indenture and Notes Solely Corporate Obligations.  No recourse for the   payment of the principal (including the Redemption Price, the Repurchase Price and the   Fundamental Change Repurchase Price, if applicable) of or accrued and unpaid interest on, or the   payment or delivery of consideration due upon conversion of, any Note, nor for any claim based   thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant   or agreement of the Company in this Indenture or in any supplemental indenture or in any Note,   nor because of the creation of any indebtedness represented thereby, shall be had against any   incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past,  present or future, of the Company or of any of its successor corporations or other entities, either    064310-0812-15924-Active.25775846.6                                               55  

 

   directly or through the Company or any of its successor corporations or other entities, whether by  virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or  penalty or otherwise; it being expressly understood that all such liability is hereby expressly  waived and released as a condition of, and as a consideration for, the execution of this Indenture  and the issue of the Notes. By accepting a Note, each Holder waives and releases all such  liability. This waiver and release is part of the consideration for the Notes.                                    ARTICLE 13                        LIMITATION ON BENEFICIAL OWNERSHIP         Section 13.01 Limitation on Beneficial Ownership.  Notwithstanding anything to the  contrary in this Indenture, no Holder of Notes shall be entitled to receive shares of Common  Stock upon conversion pursuant to Article 14 to the extent (but only to the extent) that such  receipt would cause such converting Holder to become, directly or indirectly, a “beneficial  owner” (within the meaning of Section 13(d) of the Exchange Act and the rules and regulations  promulgated thereunder) of more than 9.9% of the shares of Common Stock outstanding at such  time.  Any purported delivery of shares of Common Stock upon conversion of Notes shall be  void and have no effect to the extent (but only to the extent) that such delivery would result in  the converting Holder becoming the beneficial owner of more than 9.9% of the shares of  Common Stock outstanding at such time.  If any delivery of shares of Common Stock owed to a  Holder upon conversion of Notes is not made, in whole or in part, as a result of the limitation in  this Section 13.01, the Company’s obligation to make such delivery shall not be extinguished  and the Company shall deliver such shares of Common Stock as promptly as practicable after  any such converting Holder gives notice to the Company that such delivery would not result in it  being the beneficial owner of more than 9.9% of the shares of Common Stock outstanding at  such time.  For the avoidance of doubt, the limitations on beneficial ownership in this Article 13  shall not limit the number of Notes the Company may cause to be redeemed, or otherwise  constrain in any way the Company’s ability to exercise its right to cause Notes to be redeemed,  pursuant to Article 9. The Trustee and the Conversion Agent shall have no obligation to monitor  the Company’s or the Holders’ compliance with this Section 13.01                                    ARTICLE 14                               CONVERSION OF NOTES         Section 14.01 Conversion Privilege.  (a) Subject to Article 13 and this Article 14 and  upon compliance with the provisions of this Article 14, each Holder of a Note shall have the  right, at such Holder’s option, to convert all or any portion (if the portion to be converted is  $1,000 principal amount or an integral multiple thereof) of such Note:               (i)   subject to satisfaction of the conditions described in Section 14.01(b), at        any time prior to the close of business on the Business Day immediately preceding        February 15, 2023 under the circumstances and during the periods set forth in Section        14.01(b); and               (ii)  on or after February 15, 2023, at any time prior to the close of business on        the second Scheduled Trading Day immediately preceding the Maturity Date;    064310-0812-15924-Active.25775846.6                                              56  

 

     in each case, at an initial conversion rate of 45.0760 shares of Common Stock (subject to   adjustment as provided in Section 14.04 and, if applicable, Section 14.03, the “Conversion   Rate”) per $1,000 principal amount of Notes (subject to the settlement provisions of Section   14.02, the “Conversion Obligation”).          (b)   (i) Prior to the close of business on the Business Day immediately preceding  February 15, 2023, a Holder may surrender all or any portion of its Notes (that is $1,000   principal amount or an integral multiple thereof) for conversion at any time during the five   consecutive Business Day period immediately after any ten consecutive Trading Day period (the   “Measurement Period”) in which the Trading Price per $1,000 principal amount of Notes, as   determined following a request by a Holder in accordance with the procedures and conditions   described below in this subclause (b)(i), for each Trading Day of the Measurement Period was   less than 98% of the product of the Last Reported Sale Price of the Common Stock and the   Conversion Rate on each such Trading Day, subject to compliance with the following procedures   and conditions concerning the Bid Solicitation Agent’s obligation to make a Trading Price   determination.                      (A)   The Bid Solicitation Agent (if other than the Company) shall have               no obligation to determine the Trading Price per $1,000 principal amount of the               Notes unless the Company has requested such determination, and the Company               shall have no obligation to make such request (or, if the Company is acting as Bid               Solicitation Agent, the Company shall have no obligation to determine the               Trading Price) unless a Holder of at least $2,000,000 in aggregate principal               amount of Notes requests in writing that the Company makes such a               determination and provides the Company with reasonable evidence that the               Trading Price per $1,000 principal amount of Notes would be less than 98% of               the product of the Last Reported Sale Price of the Common Stock and the              Conversion Rate on such Trading Day. At such time, the Company shall instruct              the Bid Solicitation Agent (if other than the Company) to determine, or if the              Company is acting as Bid Solicitation Agent, the Company shall determine, the              Trading Price per $1,000 principal amount of the Notes beginning on the Trading              Day immediately following the receipt of such evidence and on each successive              Trading Day until the Trading Price per $1,000 principal amount of Notes is              greater than or equal to 98% of the product of the Last Reported Sale Price of the              Common Stock and the Conversion Rate on such Trading Day, and the Company              shall instruct the three independent nationally recognized securities dealers              referenced in the definition of “Trading Price” to deliver bids to the Bid              Solicitation Agent.                     (B)   If the Trading Price condition pursuant to this Section 14.01(b)(i)              has been met, the Company shall promptly so notify the Holders, the Trustee and              the Conversion Agent (if other than the Trustee) in writing. If, at any time after              the Trading Price condition has been met, the Trading Price per $1,000 principal              amount of Notes is greater than or equal to 98% of the product of the Last              Reported Sale Price of the Common Stock and the Conversion Rate on such              Trading Day, the Company shall promptly so notify the Holders, the Trustee and              the Conversion Agent (if other than the Trustee) in writing.    064310-0812-15924-Active.25775846.6                                               57  

 

                     (C)   If the Company does not, when it is required to, instruct the Bid              Solicitation Agent to (or, if the Company is acting as Bid Solicitation Agent, it              does not) obtain bids, or if the Company gives such instruction to the Bid              Solicitation Agent and the Bid Solicitation Agent fails to make such              determination (or, if the Company is acting as Bid Solicitation Agent, it fails to              make such determination), then, in either case, the Trading Price per $1,000              principal amount of the Notes shall be deemed to be less than 98% of the product              of the Last Reported Sale Price of the Common Stock and the Conversion Rate on              each Trading Day of such failure.               (ii)  If, prior to the close of business on the Business Day immediately        preceding February 15, 2023, the Company elects to:                     (A)   issue to all or substantially all holders of the Common Stock any              rights, options or warrants (other than pursuant to a stockholder rights plan in              connection with the initial adoption by the Company, so long as such rights have              not separated from the shares of Common Stock and are not exercisable until the              occurrence of a triggering event) entitling them, for a period of not more than 45              calendar days after the announcement date of such issuance, to subscribe for or              purchase shares of the Common Stock, at a price per share that is less than the              average of the Last Reported Sale Prices of the Common Stock for the 10              consecutive Trading Day period ending on, and including, the Trading Day              immediately preceding the date of announcement of such issuance; or                     (B)   distribute to all or substantially all holders of the Common Stock              the Company’s assets, securities or rights, options or warrants to purchase              securities of the Company, which distribution has a per share value, as reasonably              determined by the Board of Directors, exceeding 10% of the Last Reported Sale              Price of the Common Stock on the Trading Day immediately preceding the date              of announcement of such distribution,   then, in either case, the Company shall notify all Holders of the Notes, the Trustee and the  Conversion Agent (if other than the Trustee) at least 35 Scheduled Trading Days prior to the Ex- Dividend Date for such issuance or distribution.  Once the Company has given such notice, the  Holders may surrender all or any portion of their Notes (that is $1,000 in principal amount or an  integral multiple thereof) for conversion at any time until the earlier of (1) the close of business  on the Business Day immediately preceding the Ex-Dividend Date for such issuance or  distribution and (2) the Company’s announcement that such issuance or distribution will not take  place.         No Holder may convert any of its Notes pursuant to this Section 14.01(b)(ii) if such  Holder otherwise participates in such issuance or distribution, at the same time and upon the  same terms as holders of the Common Stock and as a result of holding the Notes, without having  to convert their Notes, as if they held a number of shares of Common Stock equal to the  applicable Conversion Rate, multiplied by the principal amount (expressed in thousands) of  Notes held by such Holder.    064310-0812-15924-Active.25775846.6                                              58  

 

                 (iii) If, prior to the close of business on the Business Day immediately         preceding February 15, 2023:                      (A)   a Fundamental Change occurs (or is anticipated to occur, as               described below);                      (B)   a Make-Whole Fundamental Change occurs (or is anticipated to               occur, as described below); or                      (C)   the Company is a party to a consolidation, merger, or other               combination, statutory share exchange or sale, lease or other transfer or               disposition of all or substantially all of the Company’s and its Subsidiaries’               consolidated assets, taken as a whole, in each case, pursuant to which the               Common Stock would be converted into stock, other securities, other property or               assets (including cash or any combination thereof),    then, in each case, the Holders may surrender all or any portion of their Notes (that is $1,000 in   principal amount or an integral multiple thereof) for conversion at any time from or after the   open of business on the date that is 35 Scheduled Trading Days prior to the anticipated effective   date of the transaction (or if later, the open of business on the Business Day immediately   following the day the Company gives notice of such transaction) until the close of business on   the 35th Trading Day after the actual effective date of such transaction or, if such transaction   also constitutes a Fundamental Change, until the close of business on the Business Day   immediately preceding the related Fundamental Change Repurchase Date.          The Company shall notify Holders, the Trustee and the Conversion Agent (if other than   the Trustee):                  as promptly as practicable following the date the Company publicly                  announces such transaction (but in no event less than 35 Scheduled Trading                  Days prior to the anticipated effective date of such transaction); or                  if the Company does not have knowledge of such transaction at least 35                  Scheduled Trading Days prior to the anticipated effective date of such                  transaction, within three Business Days of the date upon which the Company                 receives notice, or otherwise becomes aware, of such transaction, but in no                  event later than the actual effective date of such transaction.          If a Holder has already delivered a Fundamental Change Repurchase Notice with respect   to a Note, such Holder may not surrender such Note for conversion until such Holder has validly  withdrawn such Fundamental Change Repurchase Notice (or, in the case of a Global Note, has  complied with the Applicable Procedures with respect to such a withdrawal) in accordance with  the terms of Section 15.02. If a Holder has already delivered a Fundamental Change Repurchase  Notice, such Holder’s right to withdraw such notice and convert the Notes that are subject to  repurchase will terminate at the close of business on the Business Day immediately preceding the  relevant Fundamental Change Repurchase Date.     064310-0812-15924-Active.25775846.6                                               59  

 

               (iv)  Prior to the close of business on the Business Day immediately preceding        February 15, 2023, a Holder may surrender all or any portion of its Notes (that is $1,000        in principal amount or an integral multiple thereof) for conversion during any calendar        quarter commencing after the calendar quarter ending on September 30, 2018 (and only        during such calendar quarter), if the Last Reported Sale Price of the Common Stock for at        least 20 Trading Days (whether or not consecutive) during the period of 30 consecutive        Trading Days ending on the last Trading Day of the immediately preceding calendar        quarter is greater than or equal to 130% of the Conversion Price on each applicable        Trading Day. The Company shall determine whether the Notes are convertible because        the Last Reported Sale Price condition in the immediately preceding sentence has been        met and provide written notice of satisfaction of such condition to the Holders, the        Trustee and the Conversion Agent (if other than the Trustee).         Section 14.02 Conversion Procedure; Settlement Upon Conversion.         (a)   Subject to Article 13, this Section 14.02, Section 14.03(b) and Section 14.07(a),  upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may  be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash  Settlement”), shares of the Common Stock, together with cash, if applicable, in lieu of  delivering any fractional share of Common Stock in accordance with subsection (i) of this  Section 14.02 (“Physical Settlement”) or a combination of cash and shares of the Common  Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common  Stock in accordance with subsection (i) of this Section 14.02 (“Combination Settlement”), as  set forth in this Section 14.02.               (i)   All conversions for which the relevant Conversion Date occurs on or after        February 15, 2038, and all conversions for which the relevant Conversion Date occurs        after the Company’s issuance of a Redemption Notice pursuant to Section 16.01 and prior        to the second Scheduled Trading Day immediately preceding the related Redemption        Date shall be settled using the same Settlement Method (including the same relative        proportion of cash and/or shares of the Common Stock). Except for any conversions for        which the relevant Conversion Date occurs after the Company’s issuance of a        Redemption Notice but prior to the second Scheduled Trading Day immediately        preceding the related Redemption Date, and any conversions for which the relevant        Conversion Date occurs on or after February 15, 2038, the Company shall use the same        Settlement Method (including the same relative proportion of cash and/or shares of the        Common Stock) for all conversions with the same Conversion Date, but the Company        shall not have any obligation to use the same Settlement Method with respect to        conversions with different Conversion Dates.               (ii)  If the Company elects a Settlement Method, the Company shall deliver        notice to Holders, the Trustee and the Conversion Agent (if other than the Trustee) of        such Settlement Method the Company has selected no later than the close of business on        the Trading Day immediately following the related Conversion Date (or in the case of        any conversions for which the relevant Conversion Date occurs (x) after the date of        issuance of a Redemption Notice and prior to the second Scheduled Trading Day        immediately preceding the related Redemption Date, in such Redemption Notice or (y)    064310-0812-15924-Active.25775846.6                                              60  

 

         on or after February 15, 2038, no later than February 15, 2038).  If the Company issues a        Redemption Notice after February 15, 2038, it will use the Settlement Method specified       in the notice pursuant to clause (y).  If the Company does not timely elect a Settlement        Method, the Company shall no longer have the right to elect Cash Settlement or Physical       Settlement with respect to that Conversion Date and the Company shall be deemed to        have elected Combination Settlement in respect of its Conversion Obligation, and the       Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000.       If the Company has timely elected Combination Settlement in respect of any conversion       but does not timely notify converting Holders, the Trustee and the Conversion Agent (if       other than the Trustee) of the Specified Dollar Amount per $1,000 principal amount of       Notes, or the Company is deemed to have elected Combination Settlement, the Specified       Dollar Amount shall be deemed to be $1,000.              (iii) The cash, shares of Common Stock or combination of cash and shares of       Common Stock payable or deliverable by the Company in respect of any conversion of       Notes (the “Settlement Amount”) shall be computed by the Company as follows:                    (A)   if the Company elects to satisfy its Conversion Obligation in             respect of such conversion by Physical Settlement, the Company shall deliver to             the converting Holder in respect of each $1,000 principal amount of Notes being             converted a number of shares of Common Stock equal to the Conversion Rate on             the Conversion Date (plus cash in lieu of any fractional share of Common Stock             issuable upon conversion);                    (B)   if the Company elects to satisfy its Conversion Obligation in             respect of such conversion by Cash Settlement, the Company shall pay to the             converting Holder in respect of each $1,000 principal amount of Notes being             converted cash in an amount equal to the sum of the Daily Conversion Values for             each of the 25 consecutive VWAP Trading Days during the related Observation             Period; and                    (C)   if the Company elects (or is deemed to have elected) to satisfy its             Conversion Obligation in respect of such conversion by Combination Settlement,             the Company shall pay or deliver, as the case may be, to the converting Holder in             respect of each $1,000 principal amount of Notes being converted a Settlement             Amount equal to the sum of the Daily Settlement Amounts for each of the 25             consecutive VWAP Trading Days during the related Observation Period (plus             cash in lieu of any fractional share of Common Stock issuable upon conversion).              If more than one Note shall be surrendered for conversion at any one time by the       same Holder, the Conversion Obligation with respect to such Notes shall be computed on       the basis of the aggregate principal amount of the Notes (or specified portions thereof to       the extent permitted hereby) so surrendered.              (iv)  The Daily Settlement Amounts (if applicable) and the Daily Conversion       Values (if applicable) shall be determined by the Company promptly following the last       VWAP Trading Day of the related Observation Period. Promptly after such determination    064310-0812-15924-Active.25775846.6                                              61  

 

           of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be,         and, if applicable, the amount of cash payable in lieu of any fractional share of Common         Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the         Trustee) of the Daily Settlement Amounts or the Daily Conversion Values, as the case         may be, and, if applicable, the amount of cash payable in lieu of fractional shares of         Common Stock. The Trustee and the Conversion Agent (if other than the Trustee) shall         have no responsibility for any such determination.          (b)   (i) To convert a beneficial interest in a Global Note (which conversion is   irrevocable), the holder of such beneficial interest must:                      (A)   comply with the Applicable Procedures;                      (B)   if required, pay funds equal to all documentary, stamp or similar               issue or transfer tax owed as set forth in Section 14.02(d) and Section 14.02(e);               and                      (C)   if required, pay funds equal to any interest payable on the next               Interest Payment Date to which such Holder is not entitled as set forth in Section               14.02(g); and                (ii)  To convert a Certificated Note, the Holder must:                      (A)   complete, manually sign and deliver an irrevocable notice to the               Conversion Agent as set forth in the Form of Notice of Conversion (or a facsimile               thereof) (a “Notice of Conversion”) and such Note to the Conversion Agent;                      (B)   if required, furnish appropriate endorsements and transfer               documents;                      (C)   if required, pay funds equal to all documentary, stamp or similar               issue or transfer tax owed as set forth in Section 14.02(d) and Section 14.02(e);               and                      (D)   if required, pay funds equal to any interest payable on the Note on               the next Interest Payment Date to which such Holder is not entitled as set forth in               Section 14.02(g).          The Trustee (and if different, the Conversion Agent) shall notify the Company of any   conversion pursuant to this Article 14 on the Conversion Date for such conversion or, if notice   on such date is not feasible given the nature of the conversion, promptly thereafter.          If a Holder has already delivered a Fundamental Change Repurchase Notice with respect   to a Note, such Holder may not surrender such Note for conversion until such Holder has validly  withdrawn such Fundamental Change Repurchase Notice (or, in the case of a Global Note, has  complied with the Applicable Procedures with respect to such a withdrawal) in accordance with  the terms of Section 15.02. If a Holder has already delivered a Fundamental Change Repurchase  Notice, such Holder’s right to withdraw such notice and convert the Notes that are subject to    064310-0812-15924-Active.25775846.6                                               62  

 

   repurchase will terminate at the close of business on the Business Day immediately preceding the  relevant Fundamental Change Repurchase Date.         (c)   A Note shall be deemed to have been converted immediately prior to the close of  business on the date (the “Conversion Date”) that the Holder has complied with the  requirements set forth in Section 14.02(b) above.         Subject to the next paragraph and the provisions of Section 14.03(b) and Section  14.07(a), the Company shall pay or deliver, as the case may be, the Settlement Amount due in  respect of the Conversion Obligation on:               (i)   the third Business Day immediately following the relevant Conversion        Date, if the Company elects Physical Settlement; or               (ii)  the third Business Day immediately following the last VWAP Trading        Day of the Observation Period, if the Company elects Cash Settlement or if the Company        elects or is deemed to elect Combination Settlement.         If any shares of Common Stock are due to converting Holders, the Company shall issue  or cause to be issued, and deliver to such Holder, or such Holder’s nominee or nominees,  certificates or a book-entry transfer through the Depositary, as the case may be, for the full  number of shares of Common Stock to which such Holder shall be entitled in satisfaction of the  Company’s Conversion Obligation.         (d)   In case any Certificated Note shall be surrendered for partial conversion, in  $1,000 principal amount or an integral multiple thereof, the Company shall execute and the  Trustee shall authenticate and deliver to or upon the written order of the Holder so surrendered a  new Note or Notes in authorized denominations in an aggregate principal amount equal to the  unconverted portion of the surrendered Note, without payment of any service charge by the  converting Holder but, if required by the Company or Trustee, with payment of a sum sufficient  to cover any transfer tax or similar governmental charge required by law or that may be imposed  in connection therewith as a result of the name of the Holder of the new Notes issued upon such  conversion being different from the name of the Holder of the old Notes surrendered for such  conversion.         (e)   If a Holder submits a Note for conversion, the Company shall pay any  documentary, stamp or similar issue or transfer tax due on the issuance of any shares of Common  Stock upon conversion of such Note, unless the tax is due because the Holder requests such  shares to be issued in a name other than the Holder’s name, in which case the Holder shall pay  that tax.  The Conversion Agent may refuse to deliver the certificates representing the shares of  Common Stock being issued in a name other than the Holder’s name until the Trustee receives a  sum sufficient to pay any tax that is due by such Holder in accordance with the immediately  preceding sentence.         (f)   Upon the conversion of an interest in a Global Note, the Trustee, or the Custodian  of the Global Note at the direction of the Trustee, shall make a notation in the books and records  of the Trustee and Depositary as to the reduction in the principal amount represented thereby.    064310-0812-15924-Active.25775846.6                                              63  

 

     The Company shall notify the Trustee in writing of any conversion of Notes effected through any   Conversion Agent other than the Trustee.          (g)   Upon conversion of a Note, the converting Holder shall not receive any separate   cash payment representing accrued and unpaid interest, if any, except as set forth in the   paragraph immediately below. The Company’s payment or delivery, as the case may be, of the   Settlement Amount upon conversion of any Note shall be deemed to satisfy in full its obligation  to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but not  including, the relevant Conversion Date. As a result, accrued and unpaid interest, if any, to, but  not including, the relevant Conversion Date shall be deemed to be paid in full rather than   canceled, extinguished or forfeited. Upon a conversion of Notes into a combination of cash and   shares of Common Stock, accrued and unpaid interest shall be deemed to be paid first out of the   cash paid upon such conversion.          Notwithstanding the immediately preceding paragraph, if Notes are converted after the   close of business on a Regular Record Date for the payment of interest, but prior to the open of   business on the immediately following Interest Payment Date, Holders of such Notes shall   receive on the earlier of the corresponding Interest Payment Date and the date the Company   delivers the consideration due in respect of such conversion, the full amount of interest payable   on such Notes on the corresponding Interest Payment Date notwithstanding the conversion.   Notes surrendered for conversion during the period from the close of business on any Regular   Record Date to the open of business on the immediately following Interest Payment Date must   be accompanied by funds equal to the amount of interest payable on the Notes so converted on   the corresponding Interest Payment Date (regardless of whether the converting Holder was the   Holder of record on the corresponding Regular Record Date); provided that no such payment   need be made:                (i)   if the Notes are surrendered for conversion following the Regular Record         Date immediately preceding the Maturity Date;                (ii)  if the Company has specified a Redemption Date that is after a Regular         Record Date and on or prior to the second Scheduled Trading Day immediately following         the corresponding Interest Payment Date;                (iii) if the Company has a Fundamental Change Repurchase Date that is after a         Regular Record Date and on or prior to the second Scheduled Trading Day immediately         following the corresponding Interest Payment Date; or                (iv)  to the extent of any overdue interest, if any overdue interest exists at the         time of conversion with respect to such Note.          Therefore, for the avoidance of doubt, all Holders of record on the Regular Record Date   immediately preceding the Maturity Date, any Redemption Date and any Fundamental Change   Repurchase Date as described in clause (ii) above shall receive and retain the full interest   payment due on the Maturity Date or other applicable Interest Payment Date regardless of   whether their Notes have been converted following such Regular Record Date.     064310-0812-15924-Active.25775846.6                                               64  

 

         (h)   The Person in whose name any shares of Common Stock delivered upon  conversion is registered shall become the holder of record of such shares as of the close of  business on (i) the relevant Conversion Date if the Company elects Physical Settlement or (ii) the  last VWAP Trading Day of the Observation Period if the Company elects or is deemed to elect  Combination Settlement. Upon a conversion of Notes, such Person shall no longer be a Holder of  such Notes surrendered for conversion; provided that (a) the converting Holder shall have the  right to receive the Settlement Amount due upon conversion and (b) in the case of a conversion  between a Regular Record Date and the corresponding Interest Payment Date, the Holder of  record as of the close of business on such Regular Record Date shall have the right to receive the  interest payable on such Interest Payment Date, in accordance with Section 14.02(g).         (i)   The Company shall not issue any fractional share of Common Stock upon  conversion of the Notes and shall instead pay cash in lieu of any fractional share of Common  Stock issuable upon conversion in an amount based on (i) the Daily VWAP on the relevant  Conversion Date if the Company elects Physical Settlement or (ii) the Daily VWAP on the last  VWAP Trading Day of the Observation Period if the Company elects or is deemed to elect  Combination Settlement. For each Note surrendered for conversion, if the Company has elected  (or is deemed to elect) Combination Settlement, the full number of shares that shall be issued  upon conversion thereof shall be computed on the basis of the aggregate Daily Settlement  Amounts for the Observation Period and, if applicable, any fractional share remaining after such  computation shall be paid in cash.         Section 14.03 Increase in Conversion Rate Upon Conversion in Connection with a  Make-Whole Fundamental Change.  (a) If a Holder elects to convert its Notes in connection with  a Make-Whole Fundamental Change and the Effective Date of such Make-Whole Fundamental  Change occurs prior to May 20, 2023, the Company shall, under the circumstances described in  this Section 14.03, increase the Conversion Rate for the Notes so surrendered for conversion by a  number of additional shares of Common Stock (the “Additional Shares”), as described in this  Section 14.03.  A conversion of Notes shall be deemed for these purposes to be “in connection  with” such Make-Whole Fundamental Change if the relevant Notice of Conversion (or, in the  case of a Global Note, the relevant notice of conversion in accordance with the Applicable  Procedures) is received by the Conversion Agent during the period from the open of business on  the Effective Date of the Make-Whole Fundamental Change to the close of business on the  Business Day immediately preceding the related Fundamental Change Repurchase Date (or, in  the case of a Make-Whole Fundamental Change that would have been a Fundamental Change  but for the proviso in clause (b) of the definition thereof, the 35th Trading Day immediately  following the Effective Date of such Make-Whole Fundamental Change).         (b)   Upon surrender of Notes for conversion in connection with a Make-Whole  Fundamental Change, the Company shall, at its option, satisfy its Conversion Obligation by  Physical Settlement, Cash Settlement or Combination Settlement in accordance with Section  14.02; provided, however, that, if the consideration for the Common Stock in any Make-Whole  Fundamental Change described in clause (b) of the definition of Fundamental Change is  composed entirely of cash, for any conversion of Notes following the Effective Date of such  Make-Whole Fundamental Change, the Conversion Obligation shall be calculated based solely  on the Stock Price for the transaction and shall be deemed to be an amount of cash per $1,000  principal amount of converted Notes equal to (i) the Conversion Rate (including any increase to   064310-0812-15924-Active.25775846.6                                              65  

 

       reflect the Additional Shares as described in this Section 14.03), multiplied by (ii) such Stock    Price.  In such event, the Conversion Obligation shall be determined and paid to Holders in cash    on the third Business Day following the Conversion Date. The Company shall notify Holders,    the Trustee and the Conversion Agent (if other than the Trustee) of the Effective Date of any    Make-Whole Fundamental Change and issue a press release announcing such Effective Date and    publish the information on the Company’s website or through such other public medium as the    Company use at that time no later than five Business Days after such Effective Date (the “Make-   Whole Fundamental Change Company Notice”).           (c)   The number of Additional Shares, if any, by which the Conversion Rate shall be    increased shall be determined by reference to the table in clause 14.03(e) below, based on the    date on which the Make-Whole Fundamental Change occurs or becomes effective (the    “Effective Date”) and the price (the “Stock Price”) paid (or deemed to be paid) per share of the    Common Stock in the Make-Whole Fundamental Change.  If the holders of the Common Stock    receive in exchange for their Common Stock only cash in a Make-Whole Fundamental Change    described in clause (b) of the definition of Fundamental Change, the Stock Price shall be the cash    amount paid per share.  Otherwise, the Stock Price shall be the average of the Last Reported Sale    Prices of the Common Stock over the five Trading Day period ending on, and including, the    Trading Day immediately preceding the Effective Date of the Make-Whole Fundamental    Change.  The Board of Directors shall make appropriate adjustments to the Stock Price, in its    good faith determination, to account for any adjustment to the Conversion Rate that becomes    effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend    Date of the event occurs, during such five Trading Day period.           (d)   The Stock Prices set forth in the column headings of the table in clause 14.03(b)    below shall be adjusted as of any date on which the Conversion Rate is otherwise adjusted.  The    adjusted Stock Prices shall equal (i) the Stock Prices in effect immediately prior to such    adjustment, multiplied by (ii) a fraction, the numerator of which is the Conversion Rate in effect    immediately prior to such adjustment giving rise to the Stock Price adjustment and the    denominator of which is the Conversion Rate as so adjusted.  The number of Additional Shares    set forth in the table below shall be adjusted in the same manner and at the same time as the    Conversion Rate as set forth in Section 14.04.           (e)   The following table sets forth the number of Additional Shares by which the    Conversion Rate shall be increased per $1,000 principal amount of Notes pursuant to this Section    14.03 for each Stock Price and Effective Date set forth below:    Stock price  Effective date $18.11 $20.00 $22.18 $25.00 $27.50 $30.00 $32.50 $35.00 $37.50 $40.00 $42.50 $45.00  May 11, 2018  10.1421   7.1500   4.7592   2.7856   1.7102   1.0287   0.5988   0.3291   0.1632   0.0660   0.0165   0.0002   May 15, 2019  10.1421   6.9140   4.4590   2.4860   1.4509   0.8227   0.4449   0.2206   0.0917   0.0248   0.0014   0.0000   May 15, 2020  10.1421   6.6785   4.1235   2.1448   1.1633   0.6043   0.2926   0.1237   0.0389   0.0048   0.0000   0.0000   May 15, 2021  10.1421   6.3345   3.6353   1.6744   0.7964   0.3517   0.1354   0.0374   0.0029   0.0000   0.0000   0.0000   May 15, 2022  10.1421   5.7445   2.7976   0.9660   0.3364   0.0957   0.0145   0.0000   0.0000   0.0000   0.0000   0.0000   May 20, 2023  10.1421   4.9240   0.0000   0.0004   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000               The exact Stock Price and/or Effective Date may not be set forth in the table above, in    which case:      064310-0812-15924-Active.25775846.6                                                66  

 

                 (i)   if the Stock Price is between two Stock Prices in the table or the Effective         Date is between two Effective Dates in the table, the number of Additional Shares by         which the Conversion Rate shall be increased shall be determined by a straight-line         interpolation between the number of Additional Shares set forth for the higher and lower         Stock Prices and the earlier and later Effective Dates based on a 365-day year (or a 370-        day year in the case of the period between May 15, 2022 and May 20, 2023), as         applicable;                (ii)  if the Stock Price is greater than $45.00 per share (subject to adjustment in         the same manner as the Stock Prices set forth in the column headings of the table above),         no Additional Shares shall be added to the Conversion Rate; and               (iii) if the Stock Price is less than $18.11 per share (subject to adjustment in        the same manner as the Stock Prices set forth in the column headings of the table above),        no Additional Shares shall be added to the Conversion Rate.         Notwithstanding the foregoing, in no event shall the Conversion Rate per $1,000  principal amount of Notes exceed 55.2181 shares of Common Stock, subject to adjustment in the  same manner as the Conversion Rate pursuant to Section 14.04.         (f)   Nothing in this Section 14.03 shall prevent an adjustment to the Conversion Rate  pursuant to Section 14.04 in respect of a Make-Whole Fundamental Change.         Section 14.04 Adjustment of Conversion Rate.  The Conversion Rate shall be adjusted  from time to time by the Company if any of the following events occurs, except that the  Company shall not make any adjustments to the Conversion Rate if Holders of the Notes  participate (other than in the case of a share split or share combination), at the same time and  upon the same terms as holders of the Common Stock and solely as a result of holding the Notes,  in any of the transactions described in this Section 14.04, without having to convert their Notes,  as if they held a number of shares of Common Stock equal to (i) the Conversion Rate, multiplied  by (ii) the principal amount (expressed in thousands) of Notes held by such Holder.         (a)   If the Company exclusively issues shares of Common Stock as a dividend or  distribution on all, or substantially all, shares of the Common Stock, or if the Company effects a  share split or share combination of the Common Stock, the Conversion Rate shall be adjusted  based on the following formula:                                               OS&#0;                                CR&#0; &#0; CR&#0;  &#0;                                                   OS&#0;  where,    CR0   =    the Conversion Rate in effect immediately prior to the open of business on the Ex-              Dividend Date of such dividend or distribution, or immediately prior to the open               of business on the effective date of such share split or share combination, as               applicable;     064310-0812-15924-Active.25775846.6                                               67  

 

      CR1   =    the Conversion Rate in effect immediately after the open of business on such Ex-              Dividend Date or effective date, as applicable;    OS0   =    the number of shares of the Common Stock outstanding immediately prior to the              open of business on such Ex-Dividend Date or effective date, as applicable,              before giving effect to such dividend, distribution, share split or share               combination; and    OS1   =    the number of shares of the Common Stock outstanding immediately after giving               effect to such dividend, distribution, share split or share combination.          Any adjustment made under this Section 14.04(a) shall become effective 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 for such share split or share   combination, as applicable.  If any dividend or distribution of the type described in this Section   14.04(a) is declared but not so paid or made, the Conversion Rate shall be immediately   readjusted, effective as of the date the Board of Directors determines not to pay such dividend or   distribution, to the Conversion Rate that would then be in effect if such dividend or distribution   had not been declared.          (b)   If the Company issues to all or substantially all holders of the Common Stock any   rights, options or warrants (other than pursuant to any rights plan in effect from time to time)   entitling them, for a period of not more than 45 calendar days after the announcement date of   such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that   is less than the average of the Last Reported Sale Prices of the Common Stock for the 10   consecutive Trading Day period ending on, and including, the Trading Day immediately   preceding the date of announcement of such issuance, the Conversion Rate shall be increased   based on the following formula:                                             &#0;OS&#0; &#0;X&#0;                              CR&#0; &#0; CR&#0;  &#0;                                                     &#0;OS&#0; &#0;Y&#0;  where,   CR0    =    the Conversion Rate in effect immediately prior to the open of business on the Ex-              Dividend Date for such issuance;    CR1   =    the Conversion Rate in effect immediately after the open of business on such Ex-              Dividend Date;    OS0   =    the number of shares of Common Stock outstanding immediately prior to the open              of business on such Ex-Dividend Date;   X      =     the total number of shares of Common Stock issuable pursuant to such rights,              options or warrants; and   Y      =     the number of shares of Common Stock equal to (i) the aggregate price payable to               exercise such rights, options or warrants, divided by (ii) the average of the Last    064310-0812-15924-Active.25775846.6                                               68  

 

                 Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day              period ending on, and including, the Trading Day immediately preceding the date               of announcement of the issuance of such rights, options or warrants.          Any increase made under this Section 14.04(b) shall be made successively whenever any   such rights, options or warrants are issued and shall become effective immediately after the open   of business on the Ex-Dividend Date for such issuance.  To the extent that such rights, options or   warrants are not exercised prior to their expiration or shares of Common Stock are not delivered   after the exercise or expiration of such rights, options or warrants, the Conversion Rate shall be   decreased to the Conversion Rate that would then be in effect had the increase with respect to the   issuance of such rights, options or warrants been made on the basis of delivery of only the  number of shares of Common Stock actually delivered.  If such rights, options or warrants are  not so issued, the Conversion Rate shall immediately be decreased to the Conversion Rate that   would then be in effect if such Ex-Dividend Date for such issuance had not occurred.          For purposes of this Section 14.04(b) and Section 14.01(b)(ii)(A), in determining whether  any rights, options or warrants entitle the holders of the Common Stock to subscribe for or  purchase shares of the Common Stock at less than such average of the Last Reported Sale Prices  of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the  Trading Day immediately preceding the date of announcement of such issuance, and in  determining the aggregate offering price of such shares of the Common Stock, 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, and the value of such  consideration, if other than cash, shall be determined by the Board of Directors.         (c)   If the Company distributes shares of its Capital Stock, evidences of its  indebtedness, other assets or property of the Company or rights, options or warrants to acquire its   Capital Stock or other securities, to all or substantially all holders of the Common Stock,   excluding:                (i)   dividends, distributions or issuances of rights, options or warrants as to        which an adjustment was effected pursuant to Section 14.04(a) or Section 14.04(b);               (ii)  rights issued under a stockholder rights plan (except as set forth in this        Section 14.04(c) below);               (iii) dividends or distributions paid exclusively in cash as to which an        adjustment was effected pursuant to Section 14.04(d);               (iv)  any dividends and distributions in connection with a Specified Corporate        Event described below under Section 14.07; and               (v)   Spin-Offs as to which the provisions set forth below in this Section        14.04(c) shall apply;         (any of such shares of Capital Stock, evidences of indebtedness, other assets or property        or rights, options or warrants to acquire Capital Stock or other securities of the Company,     064310-0812-15924-Active.25775846.6                                               69  

 

           the “Distributed Property”), then the Conversion Rate shall be increased based on the         following formula:                                                SP&#0;                            CR&#0; &#0; CR&#0;  &#0;                                                       &#0;SP&#0; &#0; FMV&#0;   where,    CR0   =    the Conversion Rate in effect immediately prior to the open of business on the Ex-              Dividend Date for such distribution;    CR1   =    the Conversion Rate in effect immediately after the open of business on such Ex-              Dividend Date;    SP0   =    the average of the Last Reported Sale Prices of the Common Stock over the 10               consecutive Trading Day period ending on, and including, the Trading Day               immediately preceding the Ex-Dividend Date for such distribution; and    FMV  =      the fair market value (as determined by the Board of Directors) of the Distributed               Property so distributed with respect to each outstanding share of the Common               Stock as of the open of business on the Ex-Dividend Date for such distribution.          Any increase made under the portion of this Section 14.04(c) above shall become effective   immediately after the open of business on the Ex-Dividend Date for such distribution.  If such   distribution is not so paid or made, the Conversion Rate shall be decreased to be the Conversion   Rate that would then be in effect if such distribution had not been declared.          Notwithstanding the foregoing, if “FMV” (as defined in this Section 14.04(c) above) is   equal to or greater than “SP0” (as defined in this Section 14.04(c) above), in lieu of the foregoing   increase, each Holder of a Note shall receive, in respect of each $1,000 principal amount thereof,   at the same time and upon the same terms as holders of the Common Stock receive the   Distributed Property, the amount and kind of Distributed Property that such Holder would have  received if such Holder owned a number of shares of Common Stock equal to the Conversion  Rate in effect on the Ex-Dividend Date for the distribution.         With respect to an adjustment pursuant to this Section 14.04(c) where there has been a  payment of a dividend or other distribution on the Common Stock of shares of Capital Stock of  any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit  of the Company, that are, or, when issued, will be, listed or admitted for trading on a U.S.  national securities exchange (a “Spin-Off”), the Conversion Rate shall be increased based on the  following formula:                                           &#0;FMV&#0; &#0; MP&#0;&#0;                            CR&#0; &#0; CR&#0;  &#0;                                                           MP&#0;  where,     064310-0812-15924-Active.25775846.6                                               70  

 

      CR0   =    the Conversion Rate in effect immediately prior to the open of business on the Ex-              Dividend Date for such distribution;    CR1   =    the Conversion Rate in effect immediately after the open of business on the Ex-              Dividend Date for such distribution;    FMV0  =    the average of the Last Reported Sale Prices of the Capital Stock or similar equity               interest distributed to holders of the Common Stock applicable to one share of the               Common Stock (determined by reference to the definition of Last Reported Sale               Price as set forth in Section 1.01 as if references therein to the Common Stock               were to such Capital Stock or similar equity interest) over the first 10 consecutive               Trading Day period immediately after, and including, the Ex-Dividend Date of               the Spin-Off (the “Valuation Period”); and    MP0   =    the average of the Last Reported Sale Prices of the Common Stock over the               Valuation Period.          The increase to the Conversion Rate under the preceding paragraph shall occur at the   close of business on the last Trading Day of the Valuation Period; provided that (x) in respect of   any conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion   Date occurs during the Valuation Period, the references to “10” in the preceding paragraph shall   be deemed replaced with such lesser number of Trading Days as have elapsed between the Ex- Dividend Date of such Spin-Off and the Conversion Date in determining the Conversion Rate  and (y) in respect of any conversion of Notes for which Cash Settlement or Combination  Settlement is applicable, subject to the immediately succeeding sentence, for any Trading Day  that falls within the Observation Period for such conversion and within the Valuation Period, the  references to “10” in the preceding paragraph shall be deemed replaced with such lesser number  of Trading Days as have elapsed between the Ex-Dividend Date of such Spin-Off and such  Trading Day in determining the Conversion Rate as of such Trading Day. In addition, if the Ex- Dividend Date for such Spin-Off is after the 10th Trading Day immediately preceding, and  including, the end of any Observation Period in respect of a conversion of Notes, references to  “10” or “10th” in the preceding paragraph and this paragraph shall be deemed replaced, solely in  respect of that conversion, with such lesser number of Trading Days as have elapsed from, and  including, the Ex-Dividend Date for the Spin-Off to, and including, the last Trading Day of such  Observation Period. If such Spin-Off does not occur, the Conversion Rate shall be decreased to  be the Conversion Rate that would then be in effect if such distribution had not been declared,  effective as of the date on which the Board of Directors (or its designee) determines not to  consummate such Spin-Off.         For purposes of this Section 14.04(c) (and subject in all respect to Section 14.11), rights,  options or warrants issued or distributed by the Company to all holders of the Common Stock  entitling them to subscribe for or purchase shares of the Company’s Capital Stock, including  Common Stock (either initially or under certain circumstances), which rights, options or  warrants, until the occurrence of a specified event or events (“Trigger Event”):               (i)   are deemed to be transferred with such shares of the Common Stock;     064310-0812-15924-Active.25775846.6                                               71  

 

               (ii)  are not exercisable; and               (iii) are also issued in respect of future issuances of the Common Stock,   shall be deemed not to have been distributed for purposes of this Section 14.04(c) (and no  adjustment to the Conversion Rate under this Section 14.04(c) will be required) until the  occurrence of the earliest Trigger Event, whereupon such rights, options or warrants shall be  deemed to have been distributed and an appropriate adjustment (if any is required) to the  Conversion Rate shall be made under this Section 14.04(c).  If any such right, option or warrant,  including any such existing rights, options or warrants distributed prior to the date of this  Indenture, are subject to events, upon the occurrence of which such rights, options or warrants  become exercisable to purchase different securities, evidences of indebtedness or other assets,  then the date of the occurrence of any and each such event shall be deemed to be the date of  distribution and Ex-Dividend Date with respect to new rights, options or warrants with such  rights (in which case the existing rights, options or warrants shall be deemed to terminate and  expire on such date without exercise by any of the holders thereof).  In addition, in the event of  any distribution (or deemed distribution) of rights, options or warrants, or any Trigger Event or  other event (of the type described in the immediately preceding sentence) with respect thereto  that was counted for purposes of calculating a distribution amount for which an adjustment to the  Conversion Rate under this Section 14.04(c) was made:                     (A)   in the case of any such rights, options or warrants that shall all              have been redeemed or purchased without exercise by any holders thereof, upon              such final redemption or purchase (x) the Conversion Rate shall be readjusted as              if such rights, options or warrants had not been issued and (y) the Conversion              Rate shall then again be readjusted to give effect to such distribution, deemed              distribution or Trigger Event, as the case may be, as though it were a cash              distribution, equal to the per share redemption or purchase price received by a              holder or holders of the Common Stock with respect to such rights, options or              warrants (assuming such holder had retained such rights, options or warrants),              made to all holders of the Common Stock as of the date of such redemption or              purchase, and                     (B)   in the case of such rights, options or warrants that shall have              expired or been terminated without exercise by any holders thereof, the              Conversion Rate shall be readjusted as if such rights, options and warrants had not              been issued.         For purposes of Section 14.04(a), Section 14.04(b) and this Section 14.04(c), any  dividend or distribution to which this Section 14.04(c) is applicable that also includes one or both  of:               (i)     a dividend or distribution of shares of the Common Stock to which        Section 14.04(a) is applicable (the “Clause A Distribution”); or               (ii)  a dividend or distribution of rights, options or warrants to which Section        14.04(b) is applicable (the “Clause B Distribution”),    064310-0812-15924-Active.25775846.6                                              72  

 

     then:                      (A)   such dividend or distribution, other than the Clause A Distribution               and the Clause B Distribution, shall be deemed to be a dividend or distribution to               which this Section 14.04(c) is applicable (the “Clause C Distribution”) and any               Conversion Rate adjustment required by this Section 14.04(c) with respect to such               Clause C Distribution shall then be made; and                      (B)   the Clause A Distribution and Clause B Distribution shall be               deemed to immediately follow the Clause C Distribution and any Conversion               Rate adjustment required by Section 14.04(a) and Section 14.04(b) with respect               thereto shall then be made, except that, if determined by the Company (I) the “Ex-              Dividend Date” of the Clause A Distribution and the Clause B Distribution shall               be deemed to be the Ex-Dividend Date of the Clause C Distribution and (II) any               shares of Common Stock included in the Clause A Distribution or Clause B               Distribution shall be deemed not to be “outstanding immediately prior to the open               of business on such Ex-Dividend Date or effective date” within the meaning of               Section 14.04(a) or “outstanding immediately prior to the open of business on               such Ex-Dividend Date” within the meaning of Section 14.04(b).          (d)   If any cash dividend or distribution is made or paid by the Company to all or   substantially all holders of the Common Stock (other than a regular, quarterly cash dividend that   does not exceed $0.14 per share (the “Initial Dividend Threshold”)), the Conversion Rate shall   be adjusted based on the following formula:                                              SP&#0; &#0;T                               CR&#0; &#0; CR&#0;  &#0;                                                    SP&#0; &#0;C  where,    CR0   =    the Conversion Rate in effect immediately prior to the open of business on the Ex-              Dividend Date for such dividend or distribution;    CR1   =    the Conversion Rate in effect immediately after the open of business on the Ex-              Dividend Date for such dividend or distribution;    SP0   =    the Last Reported Sale Price of the Common Stock on the Trading Day               immediately preceding the Ex-Dividend Date for such dividend or distribution;    T     =     the Initial Dividend Threshold; provided that if the dividend or distribution is not               a regular quarterly cash dividend, the Initial Dividend Threshold shall be deemed              to be zero; and   C      =     the amount in cash per share the Company distributes to all or substantially all              holders of the Common Stock.         The Initial Dividend Threshold is subject to adjustment in a manner inversely  proportional to adjustments to the Conversion Rate; provided that no adjustment will be made to    064310-0812-15924-Active.25775846.6                                               73  

 

   the Initial Dividend Threshold for any adjustment to the Conversion Rate under this Section  14.04(d).         Any increase made pursuant to this Section 14.04(d) shall become effective immediately  after the open of business on the Ex-Dividend Date for such dividend or distribution.  If such  dividend or distribution is not so paid, the Conversion Rate shall be decreased, effective as of the  date the Board of Directors determines not to make or pay such dividend or distribution, to the  Conversion Rate that would then be in effect if such dividend or distribution had not been  declared.         Notwithstanding the foregoing, if “C” (as defined in this Section 14.04(d) above) is equal  to or greater than “SP0” (as defined in this Section 14.04(d) above), in lieu of the foregoing  increase, each Holder of a Note shall receive, for each $1,000 principal amount of Notes, at the  same time and upon the same terms as holders of shares of the Common Stock, the amount of  cash that such Holder would have received if such Holder owned a number of shares of Common  Stock equal to the Conversion Rate in effect immediately prior to the open of business on the Ex- Dividend Date for such cash dividend or distribution.         (e)   If the Company or any of its Subsidiaries makes a payment in respect of a tender  offer or exchange offer for the Common Stock, to the extent that the cash and value of any other  consideration included in the payment per share of the Common Stock exceeds the average of  the Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period  commencing on, and including, the Trading Day next succeeding the last date on which tenders  or exchanges may be made pursuant to such tender or exchange offer (such date, the  “Expiration Date”), the Conversion Rate shall be increased based on the following formula:                                        &#0;AC &#0; &#0;SP&#0; x OS&#0;&#0;&#0;                          CR&#0; &#0; CR&#0; x                                                          &#0;OS&#0; x SP&#0;&#0;  where,   CR0   =    the Conversion Rate in effect immediately prior to the close of business on the              10th Trading Day immediately following, and including, the Trading Day next              succeeding the Expiration Date;   CR1   =    the Conversion Rate in effect immediately after the close of business on the 10th              Trading Day immediately following, and including, the Trading Day next              succeeding the Expiration Date;   AC   =     the aggregate value of all cash and any other consideration (as determined by the              Board of Directors) paid or payable for shares of the Common Stock purchased in              such tender or exchange offer;   OS0   =    the number of shares of the Common Stock outstanding immediately prior to the             time (the “Expiration Time”) such tender or exchange offer expires (prior to              giving effect to the purchase of all shares of the Common Stock accepted for              purchase or exchange in such tender or exchange offer);    064310-0812-15924-Active.25775846.6                                              74  

 

    OS1   =    the number of shares of the Common Stock outstanding immediately after the              Expiration Time (after giving effect to the purchase of all shares of the Common              Stock accepted for purchase or exchange in such tender or exchange offer); and   SP1   =    the average of the Last Reported Sale Prices of the Common Stock over the 10              consecutive Trading Day period commencing on, and including, the Trading Day              next succeeding the Expiration Date.         The increase to the Conversion Rate under this Section 14.04(e) shall occur at the close  of business on the 10th Trading Day immediately following, and including, the Trading Day next  succeeding the date such tender or exchange offer expires; provided that (x) in respect of any  conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion Date  occurs during the 10 Trading Days immediately following, and including, the Trading Day next  succeeding the Expiration Date, references to “10” or “10th” in the preceding paragraph shall be  deemed replaced with such lesser number of Trading Days as have elapsed between such  Expiration Date and the Conversion Date in determining the Conversion Rate and (y) in respect  of any conversion of Notes for which Cash Settlement or Combination Settlement is applicable,  subject to the immediately succeeding sentence, for any Trading Day that falls within the  Observation Period for such conversion and within the 10 Trading Days immediately following,  and including, the Trading Day next succeeding the Expiration Date, references to “10” or  “10th” in the preceding paragraph shall be deemed replaced with such lesser number of Trading  Days as have elapsed between the Expiration Date of such tender or exchange offer and such  Trading Day in determining the Conversion Rate as of such Trading Day. In addition, if the  Trading Day next succeeding the Expiration Date is after the 10th Trading Day immediately  preceding, and including, the end of any Observation Period in respect of a conversion of Notes,  references to “10” or “10th” in the preceding paragraph and this paragraph shall be deemed to be  replaced, solely in respect of that conversion, with such lesser number of Trading Days as have  elapsed from, and including, the Trading Day next succeeding the Expiration Date to, and  including, last Trading Day of such Observation Period.         In the event that the Company or one of its Subsidiaries is obligated to purchase shares of  the Common Stock pursuant to any such tender or exchange offer, but the Company or such  Subsidiary is permanently prevented by applicable law from effecting any such purchases, or all  such purchases are rescinded, then the Conversion Rate shall again be adjusted to be the  Conversion Rate that would then be in effect if such tender or exchange offer had not been made  or had been made only in respect of the purchases that have been effected.         (f)   Notwithstanding anything to the contrary in this Section 14.04 or any other  provision of this Indenture or the Notes, if a Conversion Rate adjustment becomes effective on  any Ex-Dividend Date and a Holder that has converted its Notes on or after such Ex-Dividend  Date and on or prior to the related Record Date would be treated as the record holder of the  shares of Common Stock as of the related Conversion Date as described under Section 14.02(h)  based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the  Conversion Rate adjustment provisions in this Section 14.04, the Conversion Rate adjustment  relating to such Ex-Dividend Date shall not be made for such converting Holder. Instead, such  Holder shall be treated as if such Holder were the record owner of the shares of Common Stock    064310-0812-15924-Active.25775846.6                                              75  

 

     on an unadjusted basis and participate in the related dividend, distribution or other event giving   rise to such adjustment.          (g)   All calculations and other determinations under this Article 14 shall be made by   the Company and all adjustments to the Conversion Rate shall be made to the nearest one-ten   thousandth (1/10,000th) of a share. Notwithstanding anything in this Article 14 to the contrary,   the Company shall not be required to adjust the Conversion Rate unless such adjustment would   require a change of at least 1.0% in the applicable Conversion Rate; provided, however, that any   such minor adjustments that are not required to be made shall be carried forward and taken into   account in any subsequent adjustment; provided, further, that any such adjustment of less than   1.0% percent that has not been made shall be made, regardless of whether the aggregate amount   of such adjustment is less than 1.0%, (a) annually on the anniversary of the Issue Date, (b) on the   Conversion Date for any Notes (in the case of Physical Settlement), (c) on each VWAP Trading   Day of any Observation Period (in the case of Cash Settlement or Combination Settlement), (d)   on the effective date of any Fundamental Change or the Effective Date of a Make-Whole   Fundamental Change and (e) prior to a Redemption Date or Repurchase Date. In no event will   the Conversion Rate be adjusted such that the Conversion Price shall be less than the par value   per share of Common Stock.          (h)   In addition to those adjustments required by clauses (a), (b), (c), (d) and (e) of this   Section 14.04, and to the extent permitted by applicable law and subject to the applicable stock   exchange rules, the Company from time to time may increase the Conversion Rate by any   amount for a period of at least 20 Business Days if the Board of Directors determines that such   increase would be in the Company’s best interest.  In addition, to the extent permitted by   applicable law and subject to the applicable stock exchange rules, 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 shares of Common Stock in connection with a dividend or   distribution of shares of Common Stock (or rights to acquire shares of Common Stock) or similar   event.  Whenever the Conversion Rate is increased pursuant to either of the preceding two   sentences, the Company shall send to the Holder of each Note at its last address appearing on the   Note Register (or electronically in accordance with the Applicable Procedures), the Trustee and   the Conversion Agent (if other than the Trustee) a notice of the increase at least 15 days prior to   the date the increased Conversion Rate takes effect, and such notice shall state the increased   Conversion Rate and the period during which it will be in effect.          (i)   Whenever the Conversion Rate is adjusted as herein provided, the Company shall   promptly furnish to the Trustee (and the Conversion Agent if not the Trustee) an Officers’   Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief   statement of the facts requiring such adjustment.  Unless and until a Responsible Officer of the   Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have   knowledge of any adjustment of the Conversion Rate and may assume without inquiry that the   last Conversion Rate of which it has knowledge is still in effect.  Promptly after delivery of such   certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting  forth the adjusted Conversion Rate and the date on which each adjustment becomes effective and  shall send such notice of such adjustment of the Conversion Rate to each Holder at its last  address appearing on the Note Register of this Indenture.  Failure to deliver such notice shall not   affect the legality or validity of any such adjustment.    064310-0812-15924-Active.25775846.6                                               76  

 

           (j)   For purposes of this Section 14.04, the number of shares of Common Stock at any   time outstanding shall not include shares held in the treasury of the Company so long as the   Company does not pay any dividend or make any distribution on shares of Common Stock held   in the treasury of the Company, but shall include shares issuable in respect of scrip certificates   issued in lieu of fractions of shares of Common Stock.          (k)   The Company shall not adjust the Conversion Rate except as stated in this   Indenture, including, for the avoidance of doubt, for the issuance of shares of Common Stock or   any securities convertible into or exchangeable for shares of Common Stock or the right to   purchase shares of Common Stock or such convertible or exchangeable securities. In addition,   notwithstanding anything to the contrary in this Article 14 and for the avoidance of doubt, the   Conversion Rate shall not be adjusted:                (i)   upon the issuance of any shares of the Common Stock pursuant to any         present or future plan providing for the reinvestment of dividends or interest payable on         the Company’s securities and the investment of additional optional amounts in shares of         Common Stock under any plan;                (ii)  upon the issuance of any shares of the 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 the         Company’s Subsidiaries;                (iii) upon the issuance of any shares of the Common Stock pursuant to any         option, warrant, right or exercisable, exchangeable or convertible security not described         in clause (iii) of this subsection and outstanding as of the Issue Date;                (iv)  for ordinary course of business stock repurchases that are not tender offers         referred to in Section 14.04(e), including structured or derivative transactions or pursuant        to a stock repurchase program approved by the Company’s Board of Directors;               (v)   solely for a change in the par value of the Common Stock; or               (vi)  for accrued and unpaid interest, if any.         Section 14.05 Adjustments of Prices.  Whenever any provision of this Indenture requires   the Company to calculate the Last Reported Sale Prices, the Daily VWAPs, the Daily  Conversion Values or the Daily Settlement Amounts over a span of multiple days (including,  without limitation, an Observation Period and the period for determining the Stock Price for  purposes of a Make-Whole Fundamental Change), the Board of Directors shall make appropriate  adjustments, in good faith, to each to account for any adjustment to the Conversion Rate that  becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex- Dividend Date, Effective Date or expiration date of the event occurs, at any time during the  period when the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or  the Daily Settlement Amounts are to be calculated.         Section 14.06 Shares to Be Fully Reserved.  The Company shall reserve, on or prior to   the date of this Indenture, and from time to time as may be necessary, out of its authorized but    064310-0812-15924-Active.25775846.6                                               77  

 

     unissued shares, and, as needed, any treasury shares of the Company, sufficient shares of   Common Stock to provide for conversion of the Notes from time to time as such Notes are   presented for conversion (assuming that at the time of computation of such number of shares, all  such Notes would be converted by a single Holder and that Physical Settlement is applicable, and  including the maximum number of Additional Shares that could be included in the Conversion  Rate for a conversion in connection with a Make-Whole Fundamental Change).         Section 14.07 Effect of Recapitalizations, Reclassifications and Changes of the Common   Stock.         (a)    In the case of:                (i)   any recapitalization, reclassification or change of the Common Stock         (other than a change to par value, or from par value to no par value, or changes resulting         from a subdivision or combination);                (ii)  any consolidation, merger or other combination involving the Company;         or                (iii) any sale, lease or other transfer or disposition to a third party of all or         substantially all of the Company’s and its Subsidiaries’ consolidated assets, taken as a         whole; or                (iv)  any statutory share exchange,    in each case, as a result of which the Common Stock would be converted into, or exchanged for   stock, other securities, other property or assets (including cash or any combination thereof) (any   such event, a “Specified Corporate Event” and any such stock, other securities, other property   or assets (including cash or any combination thereof), “Reference Property” and the amount of   Reference Property that a holder of one share of the Common Stock immediately prior to such   Specified Corporate Event would have been entitled to receive upon the occurrence of such   Specified Corporate Event, a “Unit of Reference Property”), then the Company, or the   successor or purchasing corporation, as the case may be, will execute with the Trustee, without   the consent of the Holders, a supplemental indenture providing that, at and after the effective   time of the Specified Corporate Event, the right to convert each $1,000 principal amount of   Notes will be changed into a right to convert such principal amount of Notes into the kind and   amount of Reference Property that a holder of a number of shares of the Common Stock equal to   the Conversion Rate immediately prior to such Specified Corporate Event would have been   entitled to receive upon such Specified Corporate Event; provided, however, that at and after the   effective time of such Specified Corporate Event:                      (A)   the Company shall continue to have the right to determine the form               of consideration to be paid or delivered, as the case may be, upon conversion of               Notes in accordance with Section 14.02; and                      (B)   (I) any amount payable in cash upon conversion of the Notes in               accordance with Section 14.02 shall continue to be payable in cash, (II) any               shares of Common Stock that the Company would have been required to deliver    064310-0812-15924-Active.25775846.6                                               78  

 

                 upon conversion of the Notes in accordance with Section 14.02 shall instead be               deliverable in the Units of Reference Property that a holder of that number of               shares of the Common Stock would have received in such Specified Corporate               Event and (III) the Daily VWAP shall be calculated based on the value of a Unit               of Reference Property; provided, however, that if the holders of Common Stock               receive only cash in such Specified Corporate Event, then for all conversions that               occur after the effective date of such Specified Corporate Event (x) the               consideration due upon conversion of each $1,000 principal aggregate amount of               Notes shall be solely cash in an amount equal to the Conversion Rate in effect on               the Conversion Date (as may be increased by any Additional Shares pursuant to               Section 14.03), multiplied by the price paid per share of Common Stock in such               Specified Corporate Event and (y) the Company shall satisfy the Conversion               Obligation by paying such cash to the converting Holder on the third Business               Day immediately following the Conversion Date.          If the Specified Corporate Event causes the Common Stock to be converted into, or   exchanged for, the right to receive more than a single type of consideration (determined based in   part upon any form of holder election), then the Reference Property used to calculate the Daily   VWAP shall be deemed to be based on: (A) the weighted average of the types and amounts of   consideration received by the holders of Common Stock that affirmatively make such an   election; and (B) if no holder of Common Stock affirmatively make such an election, the types   and amounts of consideration actually received by the holder of Common Stock.  The Company   shall notify, in writing, the Holders, the Trustee and the Conversion Agent (if other than the   Trustee) of the weighted average of the types and amounts of consideration received by the   holders of Common Stock that affirmatively make such an election as soon as practicable after   such determination is made.          Such supplemental indenture described in the second immediately preceding paragraph   shall provide for anti-dilution and other adjustments that shall be as nearly equivalent as is   possible to the adjustments provided for in this Article 14.  If the Reference Property in respect   of any such Specified Corporate Event includes shares of stock, other securities or other property   or assets (including any combination thereof) of an entity other than the Company or the   successor or purchasing corporation, as the case may be, in such Specified Corporate Event, then   such other entity, if it is a party to such Specified Corporate Event, shall also execute such   supplemental indenture, and such supplemental indenture shall contain such additional   provisions to protect the interests of the Holders, including the right of Holders to require the   Company to repurchase their Notes upon a Fundamental Change in accordance with Article 15,   as the Board of Directors shall reasonably consider necessary by reason of the foregoing.          (b)   In the event the Company shall execute a supplemental indenture pursuant to   Section 14.07(a), the Company shall furnish to the Trustee an Officers’ Certificate briefly stating   the reasons therefor, the kind or amount of cash, securities or other assets (including any   combination thereof) that will comprise the Reference Property after any such Specified   Corporate Event, any adjustment to be made with respect thereto and that all conditions   precedent have been complied with, and shall promptly send notice thereof to all Holders.  The   Company shall cause notice of the execution of such supplemental indenture to be sent to each  Holder, at its address appearing on the Note Register provided for in this Indenture, within 20    064310-0812-15924-Active.25775846.6                                               79  

 

   days after execution thereof.  Failure to deliver such notice shall not affect the legality or validity  of such supplemental indenture.         (c)   If the Notes become convertible into Reference Property, the Company shall  notify the Trustee and issue a press release containing the relevant information and publish the  information its website or through such other public medium as the Company may use at that  time.         (d)   The Company shall not become a party to any Specified Corporate Event unless  its terms are consistent with this Section 14.07.  None of the foregoing provisions shall affect the  right of a Holder to convert its Notes into cash, shares of Common Stock or a combination of  cash and shares of Common Stock, as applicable, as set forth in Section 14.01 and Section 14.02  prior to the effective date of such Specified Corporate Event.         (e)   In connection with any adjustment to the Conversion Rate described this Section  14.07, the Company shall also adjust the Initial Dividend Threshold based on the number of  shares of Common Stock comprising the Reference Property and (if applicable) the value of any  non-stock consideration comprising the Reference Property. If the Reference Property is  composed solely of non-stock consideration, the Initial Dividend Threshold shall be zero.         (f)   The above provisions of this Section shall similarly apply to successive Specified  Corporate Events.         Section 14.08 Certain Covenants.         (a)   The Company covenants that all shares of the Common Stock issued upon  conversion of Notes shall be duly authorized, fully paid and non-assessable and free from all  preemptive or similar rights of any securityholder of the Company and, except for any transfer  taxes payable by the Company or a Holder, as the case may be, pursuant to Sections 14.02(d) and  14.02(e), free from all documentary, stamp or similar issue or transfer taxes, liens and charges as  the result of any action by the Company.         (b)   The Company covenants that if any shares of the Common Stock to be provided  for the purpose of conversion of Notes hereunder require registration with or approval of any  governmental authority under any federal or state law before such shares may be validly issued  upon conversion, the Company shall, to the extent then permitted by the rules and interpretations  of the Commission, secure such registration or approval, as the case may be.         (c)   The Company further covenants that if at any time the Common Stock shall be  listed on any national securities exchange or automated quotation system, the Company shall list  and keep listed, so long as the Common Stock shall be so listed on such exchange or automated  quotation system, any Common Stock issuable upon conversion of the Notes.         Section 14.09 Responsibility of Trustee.  The Trustee and any other Conversion Agent  shall not at any time be under any duty or responsibility to any Holder to determine the  Conversion Rate (or any adjustment thereto) or whether any facts exist that may require any  adjustment (including any increase) of the Conversion Rate, or with respect to the nature or  extent or calculation of any such adjustment when made, or with respect to the method   064310-0812-15924-Active.25775846.6                                              80  

 

     employed, or herein or in any supplemental indenture provided to be employed, in making the   same.  The Trustee and any other Conversion Agent shall not be accountable with respect to the   validity or value (or the kind or amount) of any shares of Common Stock, or of any securities,   property or cash that may at any time be issued or delivered upon the conversion of any Note;  and the Trustee and any other Conversion Agent make no representations with respect thereto.   Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the  Company to issue, transfer or deliver any shares of Common Stock or stock certificates or other   securities or property or cash upon the surrender of any Note for the purpose of conversion or to   comply with any of the duties, responsibilities or covenants of the Company contained in this   Article.  Without limiting the generality of the foregoing, neither the Trustee nor any Conversion   Agent shall be under any responsibility to determine the correctness of any provisions contained   in any supplemental indenture entered into pursuant to Section 14.07 relating either to the kind or   amount of shares of stock or securities or property (including cash) receivable by Holders upon  the conversion of their Notes after any event referred to in such Section 14.07 or to any   adjustment to be made with respect thereto, but, subject to the provisions of Section 7.01, may   accept (without any independent investigation) as conclusive evidence of the correctness of any   such provisions, and shall be protected in relying upon, the Officers’ Certificate (which the   Company shall be obligated to file with the Trustee prior to the execution of any such   supplemental indenture) with respect thereto.  Neither the Trustee nor the Conversion Agent   shall be responsible for determining whether any event contemplated by Section 14.01(b) has   occurred that makes the Notes eligible for conversion or no longer eligible therefor until the   Company has delivered to the Trustee and the Conversion Agent (if other than the Trustee) the   notices referred to in Section 14.01(b) with respect to the commencement or termination of such   conversion rights, on which notices the Trustee and the Conversion Agent (if other than the   Trustee) may conclusively rely, and the Company agrees to deliver such notices to the Trustee   and the Conversion Agent (if other than the Trustee) immediately after the occurrence of any   such event or at such other times as shall be provided for in Section 14.01(b). The parties hereto   agree that all notices to the Trustee or the Conversion Agent under this Article 14 shall be in   writing or as otherwise provided herein.          Section 14.10 Notice to Holders Prior to Certain Actions.  In case of any:          (a)   action by the Company or one of its Subsidiaries that would require an adjustment   in the Conversion Rate pursuant to Section 14.04 or Section 14.11;          (b)   Specified Corporate Event; or          (c)   voluntary or involuntary dissolution, liquidation or winding-up of the Company or   any of its Subsidiaries;    then, in each case (unless notice of such event is otherwise required pursuant to another   provision of this Indenture), the Company shall cause to be filed with the Trustee and the   Conversion Agent (if other than the Trustee) and to be sent to each Holder at its address   appearing on the Note Register or electronically in accordance with the Applicable Procedures,   as promptly as possible but in any event at least 20 days prior to the applicable date hereinafter   specified, a notice stating (i) the date on which a record is to be taken for the purpose of such   action by the Company or one of its Subsidiaries or, if a record is not to be taken, the date as of     064310-0812-15924-Active.25775846.6                                               81  

 

     which the holders of Common Stock of record are to be determined for the purposes of such   action by the Company or one of its Subsidiaries, or (ii) the date on which such Specified   Corporate Event, or any dissolution, liquidation or winding-up is expected to become effective or  occur, and the date as of which it is expected that holders of Common Stock of record shall be  entitled to exchange their Common Stock for securities or other property deliverable upon such  Specified Corporate Event, dissolution, liquidation or winding-up; provided, however, that if on  such date, the Company does not have knowledge of such event or the adjusted Conversion Rate  cannot be calculated, the Company shall deliver such notice as promptly as practicable upon  obtaining knowledge of such event or information sufficient to make such calculation, as the  case may be, and in no event later than the effective date of such adjustment.  Failure to give  such notice, or any defect therein, shall not affect the legality or validity of such action by the  Company or one of its Subsidiaries, Specified Corporate Event, dissolution, liquidation or  winding-up.         Section 14.11 Stockholder Rights Plans.  If the Company has a rights plan in effect upon  conversion of the Notes into Common Stock, Holders that convert their Notes shall receive, in  addition to any shares of Common Stock received in connection with such conversion, the  appropriate number of rights under the rights plan, if any, and any certificate representing the   share of Common Stock issued upon such conversion shall bear such legends, if any, in each   case as may be provided by the terms of any such rights plan, as the same may be amended from   time to time. However, if prior to any conversion, the rights have separated from the shares of   Common Stock in accordance with the provisions of the applicable rights plan, the Conversion   Rate shall be adjusted at the time of separation as if the Company distributed to all or   substantially all holders of shares of Common Stock, Distributed Property pursuant to Section   14.04(c), subject to readjustment in the event of the expiration, termination or redemption of   such rights.                                     ARTICLE 15                   REPURCHASE OF NOTES UPON A FUNDAMENTAL CHANGE         Section 15.01 Repurchase at Option of Holders Upon a Fundamental Change.  (a) If a  Fundamental Change occurs at any time prior to the Maturity Date, each Holder shall have the  right, at such Holder’s option, to require the Company to repurchase for cash all of such Holder’s  Notes, or any portion of the principal thereof that is equal to $1,000 or an integral multiple of  $1,000 thereof, on the date (the “Fundamental Change Repurchase Date”) specified by the   Company that is not less than 20 nor more than 35 calendar days following the date of the   Fundamental Change Company Notice (subject to extension to comply with applicable law), at a   repurchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest   thereon to, but not including, the Fundamental Change Repurchase Date (the “Fundamental   Change Repurchase Price”), unless the Fundamental Change Repurchase Date falls after a   Regular Record Date but on or prior to the Interest Payment Date to which such Regular Record   Date relates, in which case the Company shall instead pay the full amount of accrued and unpaid   interest to Holders of record as of such Regular Record Date, and the Fundamental Change   Repurchase Price shall be equal to 100% of the principal amount of Notes to be purchased   pursuant to this Article 15.     064310-0812-15924-Active.25775846.6                                               82  

 

         (b)   Repurchases of Notes under this Section 15.01 shall be made, at the option of the  Holder thereof, upon:               (i)   delivery to the Paying Agent by a Holder of a duly completed notice (the        “Fundamental Change Repurchase Notice”) in the form set forth in Attachment 2 to        the Form of Note attached hereto as Exhibit A, if the Notes are Certificated Notes, or in        compliance with the Applicable Procedures for surrendering interests in Global Notes, if        the Notes are Global Notes, in each case on or before the close of business on the        Business Day immediately preceding the Fundamental Change Repurchase Date; and               (ii)  delivery of the Notes, if the Notes are Certificated Notes, to the Paying        Agent on or before the close of business on the Business Day immediately preceding the        Fundamental Change Repurchase Date (together with all necessary endorsements for        transfer) at the Corporate Trust Office of the Paying Agent, or book-entry transfer of the        Notes, if the Notes are Global Notes, in compliance with the Applicable Procedures, in        each case such delivery being a condition to receipt by the Holder of the Fundamental        Change Repurchase Price therefor.         The Fundamental Change Repurchase Notice in respect of any Notes to be repurchased  shall state:                     (A)   in the case of Certificated Notes, the certificate numbers of the              Notes to be delivered for repurchase;                     (B)   the portion of the principal amount of Notes to be repurchased,              which must be $1,000 or an integral multiple of $1,000; and                     (C)   that the Notes are to be purchased by the Company pursuant to the              applicable provisions of the Notes and this Indenture;   provided, however, that if the Notes are Global Notes, the Fundamental Change Repurchase  Notice must comply with the Applicable Procedures.         Notwithstanding anything herein to the contrary, any Holder delivering to the Paying  Agent the Fundamental Change Repurchase Notice contemplated by this Section 15.01 shall  have the right to withdraw, in whole or in part, such Fundamental Change Repurchase Notice at  any time prior to the close of business on the Business Day immediately preceding the  Fundamental Change Repurchase Date by delivery of a written notice of withdrawal to the  Paying Agent in accordance with Section 15.02.         If a Holder has already delivered a Fundamental Change Repurchase Notice or an  Optional Put Notice (pursuant to Section 16.01), in either case, with respect to a Note, such  Holder may not surrender such Note for conversion until such Holder has validly withdrawn  such Fundamental Change Repurchase Notice and/or Optional Put Notice, as applicable (or, in  the case of a Global Note, has complied with the Applicable Procedures with respect to such a  withdrawal) in accordance with the terms of Section 15.02 or Section 16.02, as applicable.    064310-0812-15924-Active.25775846.6                                              83  

 

           The Paying Agent shall promptly notify the Company of the receipt by it of any   Fundamental Change Repurchase Notice or written notice of withdrawal thereof.          (c)   On or before the 20th calendar day after the occurrence of a Fundamental Change,   the Company shall provide to all Holders of Notes and the Trustee and the Paying Agent (if other  than the Trustee) a written notice (the “Fundamental Change Company Notice”) of the  occurrence of the Fundamental Change and of the repurchase right at the option of the Holders  arising as a result thereof.  Each Fundamental Change Company Notice shall specify:               (i)   the events causing the Fundamental Change;               (ii)  the effective date of the Fundamental Change;               (iii) the last date on which a Holder may exercise the repurchase right pursuant        to this Article 15;               (iv)  the Fundamental Change Repurchase Price;               (v)   the Fundamental Change Repurchase Date;               (vi)  the name and address of the Paying Agent and the Conversion Agent;               (vii) the Conversion Rate and any adjustments to the Conversion Rate;               (viii) that the Notes with respect to which a Fundamental Change Repurchase        Notice has been delivered by a Holder may be converted only if the Holder withdraws the        Fundamental Change Repurchase Notice in accordance with the terms of this Indenture        (or, in the case of a Global Note, complies with the Applicable Procedures with respect to        such a withdrawal);               (ix)  the procedures that Holders must follow to require the Company to        repurchase their Notes; and               (x)   the CUSIP numbers and the statement required in Section 2.09 hereto.         Simultaneously with providing such Fundamental Change Company Notice, the  Company shall issue a press release and publish the information on the Company’s website or  through such other public medium as the Company may use at that time.         At the Company’s written request, the Trustee shall give such notice in the Company’s  name and at the Company’s expense; provided, however, that, in all cases, the text of such  Fundamental Change Company Notice shall be prepared by the Company. In such a case, the  Company shall deliver such notice to the Trustee at least three Business Days prior to the date  that the notice is required to be given to the Holders (unless a shorter notice period shall be  agreed to by the Trustee), together with Officers’ Certificate requesting that the Trustee give  such notice.     064310-0812-15924-Active.25775846.6                                               84  

 

           Such notice shall be delivered to the Trustee, to the Paying Agent (if other than the   Trustee) and to each Holder at its address shown in the Note Register (and to the beneficial   owner as required by applicable law) or, in the case of Global Notes, in accordance with the   Applicable Procedures.          No failure of the Company to give the foregoing notices and no defect therein shall limit  the Holders’ repurchase rights or affect the validity of the proceedings for the repurchase of the   Notes pursuant to this Section 15.01.          (d)   Notwithstanding the foregoing, no Notes may be repurchased by the Company on   any date at the option of the Holders upon a Fundamental Change if the principal amount of the   Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such   date (except in the case of an acceleration resulting from a Default by the Company in the   payment of the Fundamental Change Repurchase Price with respect to such Notes). The Paying   Agent will promptly return to the respective Holders thereof any Certificated Notes held by it   during the acceleration of the Notes (except in the case of an acceleration resulting from a  Default by the Company in the payment of the Fundamental Change Repurchase Price with  respect to such Notes), or any instructions for book-entry transfer of the Notes in compliance  with the Applicable Procedures shall be deemed to have been cancelled, and, upon such return or   cancellation, as the case may be, the Fundamental Change Repurchase Notice with respect  thereto shall be deemed to have been withdrawn.         Section 15.02 Withdrawal of Fundamental Change Repurchase Notice.  A Fundamental   Change Repurchase Notice may be withdrawn (in whole or in part) by means of a written notice   of withdrawal received by the Paying Agent in accordance with this Section 15.02 at any time   prior to the close of business on the Business Day immediately preceding the Fundamental   Change Repurchase Date, specifying:                (a)   the principal amount of the Notes with respect to which such notice of         withdrawal is being submitted, which portion must be in principal amounts of $1,000 or         an integral multiple of $1,000,                (b)   if Certificated Notes have been issued, the certificate number of the Note         in respect of which such notice of withdrawal is being submitted, and                (c)   the principal amount, if any, of such Note that remains subject to the         original Fundamental Change Repurchase Notice, which portion must be in principal         amounts of $1,000 or an integral multiple of $1,000;    provided, however, that if the Notes are Global Notes, the withdrawal notice must comply with   the Applicable Procedures.          Section 15.03 Deposit of Fundamental Change Repurchase Price.  (a) The Company   shall deposit with the Trustee (or other Paying Agent appointed by the Company, or if the   Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in   Section 4.04) on or prior to 10:00 a.m., New York City time, on the Fundamental Change   Repurchase Date an amount of money sufficient to repurchase all of the Notes to be purchased at   the appropriate Fundamental Change Repurchase Price.  Subject to receipt of funds by the    064310-0812-15924-Active.25775846.6                                               85  

 

     Trustee (or other Paying Agent appointed by the Company), payment for Notes surrendered for   repurchase (and not validly withdrawn prior to the close of business on the Business Day   immediately preceding the Fundamental Change Repurchase Date) will be made on the later of   (i) the Fundamental Change Repurchase Date with respect to such Note (provided the Holder has   satisfied the conditions in Section 15.01) and (ii) the time of book-entry transfer or the delivery   of such Note to the Trustee (or other Paying Agent appointed by the Company) by the Holder   thereof in the manner required by Section 15.01, by mailing checks for the amount payable to the   Holders of such Notes entitled thereto as they shall appear in the Note Register; provided,   however, that payments to the Depositary shall be made by wire transfer of immediately   available funds to the account of the Depositary or its nominee.  The Trustee shall, promptly   after such payment and upon written demand by the Company, return to the Company any funds   in excess of the Fundamental Change Repurchase Price.          (b)   If by 10:00 a.m. New York City time, on the Fundamental Change Repurchase   Date, the Trustee (or other Paying Agent appointed by the Company) holds money sufficient to   make payment on all the Notes or portions thereof that are to be purchased on such Fundamental   Change Repurchase Date or any applicable extension thereof, then, with respect to Notes that   have been properly surrendered for repurchase and have not been validly withdrawn:                (i)   such Notes shall cease to be outstanding and interest shall cease to accrue         on such Notes on such Fundamental Change Repurchase Date or any applicable         extension thereof (whether or not book-entry transfer of the Notes has been made or the         Notes have been delivered to the Trustee or Paying Agent); and                (ii)  all other rights of the Holders of such Notes will terminate on the         Fundamental Change Repurchase Date (other than (x) the right to receive the         Fundamental Change Repurchase Price and (y) if the Fundamental Change Repurchase         Date falls after a Regular Record Date but on or prior to the related Interest Payment         Date, the right of the Holder on such Regular Record Date to receive the accrued and         unpaid interest to, but not including, the Fundamental Change Repurchase Date).          (c)   Upon surrender of a Note that is to be purchased in part pursuant to Section 15.01,   the Company shall execute and the Trustee shall authenticate and deliver to the Holder a new   Note in an authorized denomination equal in principal amount to the unpurchased portion of the   Note surrendered, without payment of any service charge.          Section 15.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes.  In  connection with any repurchase offer pursuant to this Article 15, the Company will, if required:         (a)   comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer  rules under the Exchange Act that may then be applicable;         (b)   file a Schedule TO or any other required schedule under the Exchange Act; and         (c)   otherwise comply with all federal and state securities laws in connection with any  offer by the Company to repurchase the Notes;     064310-0812-15924-Active.25775846.6                                               86  

 

   in each case, so as to permit the rights and obligations under this Article 15 to be exercised in the  time and in the manner specified in this Article 15.                                    ARTICLE 16                          OPTIONAL PUT RIGHTS OF HOLDERS         Section 16.01 Optional Put Rights.  (a) Each Holder of the Notes shall have the right, at  such Holder’s option (the “Optional Put”), to require the Company to repurchase all of such  Holder’s Notes, or any portion thereof that is a multiple of $1,000 principal amount, on May 15,  2023, May 15, 2028 and May 15, 2033 (each, a “Repurchase Date”), at a cash repurchase price  (the “Repurchase Price”) of 100% of the principal amount of the Notes being repurchased, plus  accrued and unpaid interest to, but not including, the Repurchase Date (unless the Repurchase  Date falls after a Regular Record Date but on or prior to the immediately succeeding Interest  Payment Date, in which case the Company shall pay on the immediately succeeding Interest  Payment Date the full amount of accrued and unpaid interest to the Holder of record as of the  close of business on such Regular Record Date, and the Repurchase Price shall be equal to 100%  of the principal amount of the Notes to be repurchased).         (b)   Repurchases of Notes under this Section 16.01 shall be made, at the option of the  Holder thereof, upon:               (i)   delivery to the Paying Agent by a Holder of a duly completed notice (the        “Optional Put Notice”) in the form set forth in Attachment 3 to the Form of Note        attached hereto as Exhibit A, if the Notes are Certificated Notes, or in compliance with        the Applicable Procedures for surrendering interests in Global Notes, if the Notes are        Global Notes, in each case at any time from the open of business on the date that is 20        Business Days prior to the applicable Repurchase Date to the close of business on the        second Business Day immediately preceding the applicable Repurchase Date; and               (ii)  delivery of the Notes, if the Notes are Certificated Notes, to the Paying        Agent at any time from the open of business on the date that is 20 Business Days prior to        the applicable Repurchase Date to the close of business on the second Business Day        immediately preceding the applicable Repurchase Date (together with all necessary        endorsements for transfer) at the Corporate Trust Office of the Paying Agent, or book-       entry transfer of the Notes, if the Notes are Global Notes, in compliance with the        Applicable Procedures, in each case such delivery being a condition to receipt by the        Holder of the Repurchase Price therefor.         The Optional Put Notice in respect of any Notes to be repurchased shall state:                     (A)   in the case of Certificated Notes, the certificate numbers of the              Notes to be delivered for repurchase;                     (B)   the portion of the principal amount of Notes to be repurchased,              which must be $1,000 or an integral multiple of $1,000; and                     (C)   that the Notes are to be purchased by the Company pursuant to the              applicable provisions of the Notes and this Indenture;   064310-0812-15924-Active.25775846.6                                              87  

 

   provided, however, that if the Notes are Global Notes, the Optional Put Notice must comply with  the Applicable Procedures.         Notwithstanding anything herein to the contrary, any Holder delivering to the Paying  Agent an Optional Put Notice contemplated by this Section 16.01 shall have the right to  withdraw, in whole or in part, such Optional Put Notice at any time prior to the close of business  on the Business Day immediately preceding the applicable Repurchase Date by delivery of a  written notice of withdrawal to the Paying Agent in accordance with Section 16.02.         If a Holder has already delivered a Fundamental Change Repurchase Notice (pursuant to  Section 15.01) or an Optional Put Notice, in either case, with respect to a Note, such Holder may  not surrender such Note for conversion until such Holder has validly withdrawn such  Fundamental Change Repurchase Notice and/or Optional Put Notice, as applicable (or, in the  case of a Global Note, has complied with the Applicable Procedures with respect to such a  withdrawal) in accordance with the terms of Section 15.02 or Section 16.02, as applicable.         The Paying Agent shall promptly notify the Company of the receipt by it of any Optional  Put Notice or written notice of withdrawal thereof.         (c)   At least 20 Business Days prior to each Repurchase Date, the Company shall  provide to all Holders of Notes, the Trustee and the Paying Agent (if other than the Trustee) a  written notice (the “Company Repurchase Notice”) of the repurchase right at the option of the  Holders.  Each Company Repurchase Notice shall specify:               (i)   the Repurchase Price and the Repurchase Date to which the Company        Repurchase Notice relates;               (ii)  that the Repurchase Price, as applicable, will be paid in cash;               (iii) that Holders must exercise their right to elect repurchase prior to the close        of business on the second Business Day immediately preceding the Repurchase Date;               (iv)  the name and address of the Paying Agent;               (v)   the Conversion Rate and any adjustments to the Conversion Rate;               (vi)  that the Notes with respect to which an Optional Put Notice has been        delivered by a Holder may be converted only if the Holder withdraws the Optional Put        Notice in accordance with the terms of this Indenture (or, in the case of a Global Note,        complies with the Applicable Procedures with respect to such a withdrawal);               (vii) the procedures that Holders must follow to require the Company to        repurchase their Notes; and               (viii) the CUSIP numbers and the statement required in Section 2.09 hereto.    064310-0812-15924-Active.25775846.6                                              88  

 

         Simultaneously with providing such Company Repurchase Notice, the Company shall  issue a press release containing the relevant information and publish the information on the  Company’s website or through such other public medium as the Company may use at that time.         At the Company’s written request, the Trustee shall give such notice in the Company’s  name and at the Company’s expense; provided, however, that, in all cases, the text of such  Company Repurchase Notice shall be prepared by the Company. In such a case, the Company  shall deliver such notice to the Trustee at least three Business Days prior to the date that the  notice is required to be given to the Holders (unless a shorter notice period shall be agreed to by  the Trustee), together with Officers’ Certificate requesting that the Trustee give such notice.         Such notice shall be delivered to the Trustee, to the Paying Agent (if other than the  Trustee) and to each Holder at its address shown in the Note Register (and to the beneficial  owner as required by applicable law) or, in the case of Global Notes, in accordance with the  Applicable Procedures.         No failure of the Company to give the foregoing notices and no defect therein shall limit  the Holders’ repurchase rights or affect the validity of the proceedings for the repurchase of the  Notes pursuant to this Section 16.01.         (d)   Notwithstanding the foregoing, no Notes may be repurchased by the Company at  the option of the Holders pursuant to this Section 16.01 if there has occurred and is continuing an  Event of Default other than an Event of Default that is cured by the payment of the Repurchase  Price of the Notes. The Paying Agent will promptly return to the respective Holders thereof any  Certificated Notes held by it during such Event of Default (except in the case of an Event of  Default that is cured by the payment of the Repurchase Price with respect to such Notes), or any  instructions for book-entry transfer of the Notes in compliance with the Applicable Procedures  shall be deemed to have been cancelled, and, upon such return or cancellation, as the case may  be, the Company Repurchase Notice with respect thereto shall be deemed to have been  withdrawn.         Section 16.02 Withdrawal of Optional Put Notice.  An Optional Put Notice may be  withdrawn (in whole or in part) by means of a written notice of withdrawal delivered to the  Paying Agent in accordance with this Section 16.02 at any time prior to the close of business on  the Business Day immediately preceding the Repurchase Date, specifying:               (a)   the principal amount of the Notes with respect to which such notice of        withdrawal is being submitted, which portion must be in principal amounts of $1,000 or        an integral multiple of $1,000,               (b)   if Certificated Notes have been issued, the certificate number of the Note        in respect of which such notice of withdrawal is being submitted, and               (c)   the principal amount, if any, of such Note that remains subject to the        original Optional Put Notice, which portion must be in principal amounts of $1,000 or an        integral multiple of $1,000;    064310-0812-15924-Active.25775846.6                                              89  

 

   provided, however, that if the Notes are Global Notes, the withdrawal notice must comply with  the Applicable Procedures.         Section 16.03 Deposit of Repurchase Price.  (a) The Company shall deposit with the  Trustee (or other Paying Agent appointed by the Company, or if the Company is acting as its  own Paying Agent, set aside, segregate and hold in trust as provided in Section 4.04) on or prior  to 10:00 a.m., New York City time, on the Repurchase Date an amount of money sufficient to  repurchase all of the Notes to be purchased at the appropriate Repurchase Price.  Subject to  receipt of funds by the Trustee (or other Paying Agent appointed by the Company), payment for  Notes surrendered for repurchase (and not validly withdrawn prior to the close of business on the  Business Day immediately preceding the Repurchase Date) will be made on the later of (i) the  Repurchase Date with respect to such Note (provided the Holder has satisfied the conditions in  Section 16.02) and (ii) the time of book-entry transfer or the delivery of such Note to the Trustee  (or other Paying Agent appointed by the Company) by the Holder thereof in the manner required  by Section 16.02, by mailing checks for the amount payable to the Holders of such Notes entitled  thereto as they shall appear in the Note Register; provided, however, that payments to the  Depositary shall be made by wire transfer of immediately available funds to the account of the  Depositary or its nominee.  The Trustee shall, promptly after such payment and upon written  demand by the Company, return to the Company any funds in excess of the Repurchase Price.         (b)   If by 10:00 a.m. New York City time, on the Repurchase Date, the Trustee (or  other Paying Agent appointed by the Company) holds money sufficient to make payment on all  the Notes or portions thereof that are to be purchased on such Repurchase Date, then, with  respect to Notes that have been properly surrendered for repurchase and have not been validly  withdrawn:               (i)   such Notes shall cease to be outstanding and interest shall cease to accrue        on such Notes on such Repurchase Date (whether or not book-entry transfer of the Notes        has been made or the Notes have been delivered to the Trustee or Paying Agent); and               (ii)  all other rights of the Holders of such Notes will terminate on the        Repurchase Date (other than (x) the right to receive the Repurchase Price and (y) if the        Repurchase Date falls after a Regular Record Date but on or prior to the related Interest        Payment Date, the right of the Holder on such Regular Record Date to receive the        accrued and unpaid interest to, but not including, the Repurchase Date).         (c)   Upon surrender of a Note that is to be purchased in part pursuant to Section 16.02,  the Company shall execute and the Trustee shall authenticate and deliver to the Holder a new  Note in an authorized denomination equal in principal amount to the unpurchased portion of the  Note surrendered, without payment of any service charge.         Section 16.04 Covenant to Comply with Applicable Laws Upon Repurchase of Notes.  In  connection with any repurchase offer pursuant to this Article 16, the Company will, if required:         (a)   comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer  rules under the Exchange Act that may then be applicable;         (b)   file a Schedule TO or any other required schedule under the Exchange Act; and   064310-0812-15924-Active.25775846.6                                              90  

 

           (c)   otherwise comply with all federal and state securities laws in connection with any   offer by the Company to repurchase the Notes;    in each case, so as to permit the rights and obligations under this Article 16 to be exercised in the   time and in the manner specified in this Article 16.                                     ARTICLE 17                              MISCELLANEOUS PROVISIONS          Section 17.01 Provisions Binding on Company’s Successors.  All the covenants,   stipulations, promises and agreements of the Company contained in this Indenture shall bind its   successors and assigns whether so expressed or not.          Section 17.02 Official Acts by Successor Entity.  Any act or proceeding by any provision   of this Indenture authorized or required to be done or performed by any board, committee or  Officer of the Company shall and may be done and performed with like force and effect by the  like board, committee or officer of any corporation or other entity that shall at the time be the  lawful sole successor of the Company.         Section 17.03 Addresses for Notices, Etc.  Any notice or demand that by any provision  of this Indenture is required or permitted to be given or served by the Trustee or by the Holders   on the Company shall be in writing (including facsimile and electronic mail in PDF format) and   shall be deemed to have been sufficiently given or made, for all purposes if given or served by   being deposited postage prepaid by registered or certified mail in a post office letter box   addressed (until another address is filed by the Company with the Trustee) to 3200 Wilshire   Boulevard, Suite 1400, Los Angeles, California 90010; Attention:  Alex Ko, Chief Financial   Officer, or sent electronically in PDF format to the following e-mail address:   alex.ko@bankofhope.com.  Any notice, direction, request or demand hereunder to or upon the   Trustee shall be in writing (including facsimile and electronic mail in PDF format) and shall be   deemed to have been sufficiently given or made, for all purposes, if given or served by being  deposited postage prepaid by registered or certified mail in a post office letter box addressed to  the Corporate Trust Office or sent electronically in PDF format.         The Trustee, by notice to the Company, may designate additional or different addresses  for subsequent notices or communications.         Any notice or communication delivered or to be delivered to a Holder of Certificated  Notes shall be mailed to it by first class mail, postage prepaid, at its address as it appears on the   Note Register (or sent electronically in PDF format to the e-mail address of such Holder, if any,   specified on the Note Register) and shall be sufficiently given to it if so mailed (or sent, in the   case of an electronic transmission) within the time prescribed. Any notice or communication   delivered or to be delivered to a Holder of Global Notes shall be delivered in accordance with the   Applicable Procedures of the Depositary and shall be sufficiently given to it if so delivered   within the time prescribed.          Failure to send 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 sent in the manner   provided above, it is duly given, whether or not the addressee receives it.    064310-0812-15924-Active.25775846.6                                               91  

 

           In case by reason of the suspension of regular mail service or by reason of any other  cause it shall be impracticable to give such notice to Holders by mail (or electronically in PDF   format), then such notification as shall be made with the approval of the Trustee shall constitute   a sufficient notification for every purpose hereunder.          In addition to the foregoing, the Trustee agrees to accept and act upon notice, instructions   or directions pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile transmission or   other similar unsecured electronic methods.  If the party elects to give the Trustee e-mail or   facsimile instructions (or instructions by a similar electronic method) and the Trustee in its   discretion elects to act upon such instructions, the Trustee’s understanding of such instructions   shall be deemed controlling.  The Trustee shall not be liable for any losses, costs or expenses   arising directly or indirectly from the Trustee’s reliance upon and compliance with such   instructions notwithstanding such instructions conflict or are inconsistent with a subsequent   written instruction.  The party providing electronic instructions agrees to assume all risks arising   out of the use of such electronic methods to submit instructions and directions to the Trustee,   including without limitation the risk of the Trustee acting on unauthorized instructions, and the   risk or interception and misuse by third parties.          Section 17.04 Governing Law.  THIS INDENTURE AND EACH NOTE, AND ANY   CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS   INDENTURE AND EACH NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN   ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.          Section 17.05 Intentionally Omitted.          Section 17.06 Evidence of Compliance with Conditions Precedent; Certificates and   Opinions of Counsel to Trustee.  Upon any application or demand by the Company to the Trustee   to take any action under any of the provisions of this Indenture, the Company shall furnish to the   Trustee an Officers’ Certificate and Opinion of Counsel stating that in the opinion of the signors,   all conditions precedent and covenants, if any, provided for in this Indenture relating to the   proposed action have been satisfied.          Each Officers’ Certificate and Opinion of Counsel provided for, by or on behalf of the   Company in this Indenture and delivered to the Trustee with respect to compliance with this   Indenture (other than the Officers’ Certificates provided for in Section 4.08) shall include (i) a   statement that the Person making such certificate has read such covenant or condition; (ii) a brief   statement as to the nature and scope of the examination or investigation upon which the   statement contained in such certificate is based; (iii) a statement that, in the judgment of such   person, he or she has made such examination or investigation as is necessary to enable him or her   to express an informed judgment as to whether or not such covenant or condition has been   complied with; and (iv) a statement as to whether or not, in the judgment of such Person, such   covenant or condition has been complied with.          Notwithstanding anything to the contrary in this Section 17.06, if any provision in this   Indenture specifically provides that the Trustee shall or may receive an Opinion of Counsel in   connection with any action to be taken by the Trustee or the Company hereunder, the Trustee   shall be entitled to such Opinion of Counsel.     064310-0812-15924-Active.25775846.6                                               92  

 

           Section 17.07 Legal Holidays.  If any Interest Payment Date, Redemption Date,   Repurchase Date, Fundamental Change Repurchase Date, Conversion Date or Maturity Date is   not a Business Day, then any action to be taken on such date need not be taken on such date, but   may be taken on the next succeeding Business Day with the same force and effect as if taken on   such date, and no interest shall accrue in respect of the delay.         Section 17.08 No Security Interest Created.  Nothing in this Indenture or in the Notes,  expressed or implied, shall be construed to constitute a security interest under the Uniform  Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any   jurisdiction.          Section 17.09 Benefits of Indenture.  Nothing in this Indenture or in the Notes, expressed   or implied, shall give to any Person, other than the parties hereto, any Paying Agent, any  Conversion Agent, any authenticating agent, any Note Registrar and their successors hereunder  or the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture.          Section 17.10 Table of Contents, Headings, Etc.  The table of contents and the titles and   headings of the articles and sections of this Indenture have been inserted for convenience of   reference only, are not to be considered a part hereof, and shall in no way modify or restrict any   of the terms or provisions hereof.          Section 17.11 Authenticating Agent.  The Trustee may appoint an authenticating agent   that shall be authorized to act on its behalf and subject to its direction in the authentication and   delivery of Notes in connection with the original issuance thereof and transfers and exchanges of   Notes hereunder, including under Section 2.04, Section 2.05, Section 2.06, Section 2.07, Section   10.04 and Section 15.03 as fully to all intents and purposes as though the authenticating agent   had been expressly authorized by this Indenture and those Sections to authenticate and deliver   Notes.  For all purposes of this Indenture, the authentication and delivery of Notes by the   authenticating agent shall be deemed to be authentication and delivery of such Notes “by the   Trustee” and a certificate of authentication executed on behalf of the Trustee by an   authenticating agent shall be deemed to satisfy any requirement hereunder or in the Notes for the   Trustee’s certificate of authentication.  Such authenticating agent shall at all times be a Person   eligible to serve as trustee hereunder pursuant to Section 7.08.          Any corporation or other entity into which any authenticating agent may be merged or   converted or with which it may be consolidated, or any corporation or other entity resulting from   any merger, consolidation or conversion to which any authenticating agent shall be a party, or   any corporation or other entity succeeding to the corporate trust business of any authenticating   agent, shall be the successor of the authenticating agent hereunder, if such successor corporation   or other entity is otherwise eligible under this Section 17.11, without the execution or filing of   any paper or any further act on the part of the parties hereto or the authenticating agent or such   successor corporation or other entity.          Any authenticating agent may at any time resign by giving written notice of resignation   to the Trustee and to the Company.  The Trustee may at any time terminate the agency of any   authenticating agent by giving written notice of termination to such authenticating agent and to   the Company.  Upon receiving such a notice of resignation or upon such a termination, or in case     064310-0812-15924-Active.25775846.6                                               93  

 

     at any time any authenticating agent shall cease to be eligible under this Section, the Trustee may   appoint a successor authenticating agent (which may be the Trustee), shall give written notice of   such appointment to the Company and shall mail notice of such appointment to all Holders as the   names and addresses of such Holders appear on the Note Register or deliver electronically in   accordance with the Applicable Procedures.          The Company agrees to pay to the authenticating agent from time to time reasonable   compensation for its services although the Company may terminate the authenticating agent, if it   determines such agent’s fees to be unreasonable.          The provisions of Section 7.02, Section 7.03, Section 7.04, Section 7.06, Section 8.03 and   this Section 17.11 shall be applicable to any authenticating agent.          If an authenticating agent is appointed pursuant to this Section 17.11, the Notes  may   have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative   certificate of authentication in the following form:    __________________________,   as Authenticating Agent, certifies that this is one of the Notes described   in the within-named Indenture.    By: ____________________   Authorized Signatory          Section 17.12 Execution in Counterparts.  This Indenture may be executed in any   number of counterparts, each of which shall be an original, but such counterparts shall together   constitute but one and the same instrument. The exchange of copies of this Indenture and of   signature pages by facsimile or PDF transmission shall constitute effective execution and   delivery of this Indenture as to the parties hereto and may be used in lieu of the original   Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall   be deemed to be their original signatures for all purposes.          Section 17.13 Severability.  In the event any provision of this Indenture or in the Notes   shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity,  legality or enforceability of the remaining provisions shall not in any way be affected or  impaired.         Section 17.14 Waiver of Jury Trial; Submission of Jurisdiction.  EACH OF THE  COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST  EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY  JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS  INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.   EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY SUBMITS TO  THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH  OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING  IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF  ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS  INDENTURE AND THE NOTES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN    064310-0812-15924-Active.25775846.6                                               94  

 

     RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY,   JURISDICTION OF THE AFORESAID COURTS.          Section 17.15 Force Majeure.  In no event shall the Trustee be responsible or liable for   any failure or delay in the performance of its obligations hereunder arising out of or caused by,   directly or indirectly, forces beyond its control, including, without limitation, strikes, work  stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural  catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications   or computer (software and hardware) services; it being understood that the Trustee shall use   reasonable efforts that are consistent with accepted practices in the banking industry to resume   performance as soon as practicable under the circumstances.          Section 17.16 Calculations.  Except as otherwise provided herein, the Company shall be   responsible for making all calculations called for under the Notes or this Indenture.  These   calculations include, but are not limited to, determinations of the Stock Price or Trading Price,   the Last Reported Sale Prices of the Common Stock, the Daily VWAPs, the Daily Conversion   Values, the Daily Settlement Amounts, accrued interest payable on the Notes and the Conversion   Rate of the Notes.  The Company shall make all these calculations in good faith and, absent   manifest error, such calculations shall be final and binding on Holders of Notes, the Trustee and   the Conversion Agent.  The Company shall provide a schedule of its calculations to each of the   Trustee and the Conversion Agent (if other than the Trustee), and each of the Trustee and   Conversion Agent is entitled to rely conclusively upon the accuracy of such calculations without   independent verification.  The Company will forward its calculations to any Holder of Notes   upon the written request of that Holder at its sole cost and expense.  In no event shall the Trustee   or the Conversion Agent be charged with knowledge of or have any duty to monitor Stock Price   or Measurement Period. Neither the Trustee nor the Conversion Agent shall have any   responsibility for calculations or determinations of amounts, determining whether events   requiring or permitting conversion have occurred, determining whether any adjustment is   required to be made with respect to conversion rights and, if so, how much, or for the delivery of   shares of Common Stock.          Section 17.17 U.S.A. Patriot Act.  The parties hereto acknowledge that in accordance   with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order   to help fight the funding of terrorism and money laundering, is required to obtain, verify, and   record information that identifies each person or legal entity that establishes a relationship or   opens an account with the Trustee.  The parties to this Indenture agree that they will provide the   Trustee with such information as is required to satisfy the requirements of the U.S.A. Patriot Act.     064310-0812-15924-Active.25775846.6                                               95  

 

         IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly  executed as of the date first written above.                                       ISSUER:                                       HOPE BANCORP, INC.                                       By:  /s/ Alex Ko                                           Name: Alex Ko                                          Title: Executive Vice President and Chief                                          Financial Officer       064310-0812-15924-Active.25775846.6                                                                        [Signature Page to Indenture]  

 

                                       U.S. BANK NATIONAL ASSOCIATION,                                       as Trustee                                       By:  /s/ Paula Oswald                                           Name: Paula Oswald                                          Title: Vice President                                           064310-0812-15924-Active.25775846.6                                                                        [Signature Page to Indenture]  

 

                                                                        EXHIBIT A                              [FORM OF FACE OF NOTE]                  [INCLUDE FOLLOWING LEGEND IF A GLOBAL NOTE]   [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED   REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK   CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF   TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS   REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS   REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT   IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN   AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER   USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL   INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST   HEREIN.]              [INCLUDE FOLLOWING LEGEND IF A RESTRICTED SECURITY:    THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON   CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE   SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT   BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN   ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF  OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:                (1)   REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS         ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING         OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE         INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, AND                (2)   AGREES FOR THE BENEFIT OF HOPE BANCORP, INC. (THE         “COMPANY”) THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE         TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR         TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST         ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS         PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR         PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE         REQUIRED BY APPLICABLE LAW, EXCEPT:                      (A)   TO THE COMPANY OR ANY SUBSIDIARY THEREOF;                      (B)   PURSUANT TO AN EFFECTIVE REGISTRATION               STATEMENT OF THE COMPANY THAT COVERS THE RESALE OF THIS               SECURITY OR SUCH COMMON STOCK;     064310-0812-15924-Active.25775846.6                                                                                Exhibit A-1  

 

                     (C)   TO A QUALIFIED INSTITUTIONAL BUYER IN              COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR                     (D)   PURSUANT TO AN EXEMPTION FROM REGISTRATION              PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER              AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS              OF THE SECURITIES ACT.   PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(D)  ABOVE, THE COMPANY AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE  DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS  MAY REASONABLY BE REQUIRED IN ORDER FOR THE COMPANY TO DETERMINE  THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE  SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO  REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM  THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]    064310-0812-15924-Active.25775846.6                                              Exhibit A-2  

 

                               HOPE BANCORP, INC.                        2.00% Convertible Senior Note due 2038   No. [    ]                                                    [Initially]1 $[        ]   CUSIP No. [          ]2   ISIN No.: [       ]         Hope Bancorp, Inc., a corporation duly organized and validly existing under the laws of  the State of Delaware (the “Company,” which term includes any successor corporation or other  entity under the Indenture referred to on the reverse hereof), for value received hereby promises  to pay to [CEDE & CO.]3 [            ]4, or registered assigns, the principal amount [as set forth in  the “Schedule of Conversions of Notes” attached hereto]5 [of $[   ]]6 or such other amount as  reflected on the books and records of the Trustee and the Depositary, on May 15, 2038 and  interest thereon as set forth below.         This Note shall bear interest at the rate of 2.00% per year from May 11, 2018 or from the  most recent date to which interest had been paid or provided for to, but excluding, the next  scheduled Interest Payment Date until May 15, 2038, unless earlier converted, redeemed or  repurchased.  Accrued interest on this Note shall be computed on the basis of a 360-day year  composed of twelve 30-day months and, for a partial month, on the basis of the number of days  actually elapsed in a 30-day month.  Interest is payable semi-annually in arrears on each May 15  and November 15, commencing November 15, 2018, to Holders of record at the close of  business on the preceding May 1 or November 1 (whether or not such day is a Business Day),  respectively.  Additional Interest will be payable as set forth in Section 4.06(d), Section 4.06(e)  and Section 6.03 of the within-mentioned Indenture, and any reference to interest on, or in  respect of, any Note therein shall be deemed to include Additional Interest if, in such context,  Additional Interest is, was or would be payable pursuant to any of such Section 4.06(d), Section  4.06(e) or Section 6.03 and any express mention of the payment of Additional Interest in any                                                    1    Include if a global note.   2     At such time as the Company delivers to the Trustee the certificate included in Exhibit B        to the Indenture and otherwise complies with the Applicable Procedures, the legend set        forth on the immediately preceding page [Insert if a Global Note: (other than the first        paragraph thereof)] pursuant to Section 2.05(b) of the Indenture shall be deemed removed        and the CUSIP and ISIN numbers for this Note shall be deemed to be 43940T AB5 and        US43940TAB52, respectively.   3    Include if a global note.   4    Include if a certificated note.   5    Include if a global note.   6    Include if a certificated note.    064310-0812-15924-Active.25775846.6                                              Exhibit A-3  

 

     provision therein and herein shall not be construed as excluding Additional Interest in those  provisions thereof and hereof where such express mention is not made.         Any Defaulted Amounts shall accrue interest per annum at the rate borne by the Notes  from, and including, the relevant payment date to, but excluding, the date on which such  Defaulted Amounts shall have been paid by the Company, at its election in accordance with  Section 2.03(c) of the Indenture.         The Company shall pay the principal of and interest on this Note, so long as such Note is  a Global Note, in immediately available funds to the Depositary or its nominee, as the case may  be, as the registered Holder of such Note.  As provided in and subject to the provisions of the  Indenture, the Company shall pay the principal of any Notes (other than Notes that are Global  Notes) upon presentation thereof at the office or agency designated by the Company for that   purpose.  The Company has initially designated the Trustee as its Paying Agent and Note   Registrar in respect of the Notes and its Corporate Trust Office as a place where Notes may be   presented for payment or for registration of transfer.          Upon conversion of a Note, the Company shall, at its election, pay or issue, as the case   may be, cash shares of common stock of the Company or a combination of cash and shares of   common stock of the Company.          Reference is made to the further provisions of this Note set forth on the reverse hereof.   Such further provisions shall for all purposes have the same effect as though fully set forth at this   place.          This Note, and any claim, controversy or dispute arising under or related to this   Note, shall be construed in accordance with and governed by the laws of the State of New   York.          In the case of any conflict between this Note and the Indenture, the provisions of the   Indenture shall control and govern.          This Note shall not be valid or become obligatory for any purpose until the certificate of  authentication hereon shall have been manually signed by the Trustee or a duly authorized  authenticating agent under the Indenture.                         [Remainder of page intentionally left blank]     064310-0812-15924-Active.25775846.6                                               Exhibit A-4  

 

         IN WITNESS WHEREOF, the Company has caused this Note to be duly executed.                                       HOPE BANCORP, INC.                                       By:                                            Name:                                          Title:     Dated:   TRUSTEE’S CERTIFICATE OF AUTHENTICATION   U.S. BANK NATIONAL ASSOCIATION, as Trustee,   certifies that this is one of the Notes described  in the within-named Indenture.   By: _______________________________   Authorized Signatory    064310-0812-15924-Active.25775846.6                                              Exhibit A-5  

 

                           [FORM OF REVERSE OF NOTE]                               HOPE BANCORP, INC.                        2.00% Convertible Senior Note due 2038         This Note is one of a duly authorized issue of Notes of the Company, designated as its  2.00% Convertible Senior Notes due 2038 (the “Notes”), limited to the aggregate principal  amount of $[          ] all issued under and pursuant to an Indenture dated as of May 11, 2018 (the  “Indenture”), between the Company and U.S. Bank National Association, as trustee (the  “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made  for a description of the rights, limitations of rights, obligations, duties and immunities thereunder  of the Trustee, the Company and the Holders of the Notes.  Additional Notes may be issued in an  unlimited aggregate principal amount, subject to certain conditions specified in the Indenture.  Capitalized terms used in this Note and not defined in this Note shall have the respective  meanings set forth in the Indenture.  The Notes represent the aggregate principal amount of  outstanding Notes from time to time endorsed hereon and the aggregate principal amount of  outstanding Notes represented hereby may from time to time be increased or reduced to reflect  purchases, cancellations, conversions or transfers permitted by the Indenture.         In case certain Events of Default, as defined in the Indenture, relating to a bankruptcy (or  similar proceeding) with respect to the Company or any of its Subsidiaries shall have occurred,  the principal of, and interest on, all Notes shall automatically become immediately due and  payable, as set forth in the Indenture. In case any other Event of Default shall have occurred and  be continuing, the principal of, and interest on, all Notes may be declared, by either the Trustee  or Holders of at least 25% in aggregate principal amount of Notes then outstanding, and upon  said declaration shall become, due and payable, in the manner, with the effect and subject to the  conditions and certain exceptions set forth in the Indenture.         Subject to the terms and conditions of the Indenture, the Company will make all  payments and deliveries in respect of the Redemption Price, the Repurchase Price, the  Fundamental Change Repurchase Price and the principal amount on the Maturity Date, as the  case may be, to the Holder who surrenders a Note to a Paying Agent to collect such payments in  respect of the Note.  The Company will pay cash amounts in money of the United States that at  the time of payment is legal tender for payment of public and private debts.  Upon conversion of  any Note, the Company shall, at its election, pay or deliver, as the case may be, cash, shares of  Common Stock or a combination of cash and shares of Common Stock.         The Indenture contains provisions permitting the Company and the Trustee in certain  circumstances, without the consent of the Holders of the Notes, and in certain other  circumstances, with the consent of the Holders of not less than a majority in aggregate principal  amount of the Notes at the time outstanding, evidenced as in the Indenture provided, to execute  supplemental indentures modifying the terms of the Indenture and the Notes as described therein.   It is also provided in the Indenture that, subject to certain exceptions, the Holders of a majority in  aggregate principal amount of the Notes at the time outstanding may on behalf of the Holders of  all of the Notes waive any past Default or Event of Default under the Indenture and its  consequences.    064310-0812-15924-Active.25775846.6                                              Exhibit A-6  

 

         No reference herein to the Indenture and no provision of this Note or of the Indenture  shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay  or deliver, as the case may be, the principal (including the Redemption Price, Repurchase Price  or Fundamental Change Repurchase Price, if applicable) of, accrued and unpaid interest on, and  the consideration due upon conversion of, this Note at the place, at the respective times, at the  rate and in the lawful money, herein prescribed.         The Notes are issuable in registered form without coupons in minimum denominations of  $1,000 principal amount and integral multiples thereof.  At the office or agency of the Company  referred to on the face hereof, and in the manner and subject to the limitations provided in the  Indenture, Notes may be exchanged for a like aggregate principal amount of Notes of other  authorized denominations, without payment of any service charge but, if required by the  Company or Trustee, with payment of a sum sufficient to cover any transfer or similar tax that  may be imposed in connection therewith as a result of the name of the Holder of the new Notes  issued upon such exchange of Notes being different from the name of the Holder of the old  Notes surrendered for such exchange.         The Notes shall not be redeemable at the Company’s option prior to May 20, 2023.  At  any time on or after May 20, 2023, the Notes may be redeemed by the Company, at its option,  subject to the satisfaction of certain conditions and in accordance with the terms specified in the  Indenture. In addition, subject to the terms and conditions specified in the Indenture, each Holder  shall have the right, at such Holder’s option, to require the Company to repurchase all or any  portion of the Notes held by such Holder, on May 15, 2023, May 15, 2028 and May 15, 2033, at  a Repurchase Price specified in the Indenture.         Upon the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s  option exercised in the manner specified in the Indenture, to require the Company to repurchase  for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 or  integral multiples thereof) on the Fundamental Change Repurchase Date at a price equal to the  Fundamental Change Repurchase Price.         Subject to the provisions of the Indenture, the Holder hereof has the right, at its option,  during certain periods and upon the occurrence of certain conditions specified in the Indenture,  prior to the close of business on the second Scheduled Trading Day immediately preceding the  Maturity Date, to convert any Notes or portion thereof that is $1,000 or an integral multiple  thereof, into cash, shares of Common Stock or a combination of each and shares of Common  Stock, at the Company’s election, at the Conversion Rate specified in the Indenture, as adjusted  from time to time as provided in the Indenture.         Terms used in this Note and defined in the Indenture are used herein as therein defined.    064310-0812-15924-Active.25775846.6                                              Exhibit A-7  

 

                                   ABBREVIATIONS         The following abbreviations, when used in the inscription of the face of this Note, shall  be construed as though they were written out in full according to applicable laws or regulations:    TEN COM = as tenants in common    UNIF GIFT MIN ACT = Uniform Gifts to Minors Act    CUST = Custodian    TEN ENT = as tenants by the entireties    JT TEN  = joint tenants with right of survivorship and not as tenants in common          Additional abbreviations may also be used though not in the above list.     064310-0812-15924-Active.25775846.6                                               Exhibit A-8  

 

                                                                          SCHEDULE A6                         SCHEDULE OF CONVERSIONS OF NOTES                                   HOPE BANCORP, INC.                          2.00% Convertible Senior Notes due 2038         The initial principal amount of this Global Note is _______________ ($[             ]). The  following increases or decreases in this Global Note have been made:                                                          Principal Amount of  Signature of                     Amount of decrease Amount of increase this Global Note authorized signatory                     in Principal Amount in Principal Amount following such   of Trustee or     Date of Exchange of this Global Note of this Global Note decrease or increase Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      6     Include if a global note.   064310-0812-15924-Active.25775846.6                                                       Exhibit A-9  

 

                                                                  ATTACHMENT 1                         [FORM OF NOTICE OF CONVERSION]    To:  Hope Bancorp, Inc.          The undersigned registered owner of this Note hereby exercises the option to convert this   Note, or the portion hereof (that is $1,000 principal amount or an integral multiple thereof)  below designated, into cash, shares of Common Stock or a combination of cash and shares of   Common Stock, at the Company’s election, in accordance with the terms of the Indenture   referred to in this Note, and directs that any cash payable and any shares of Common Stock   issuable and deliverable upon such conversion, together with any cash for any fractional share,   and any Notes representing any unconverted principal amount hereof, be issued and delivered to   the registered Holder hereof unless a different name has been indicated below.  If any shares of   Common Stock or any portion of this Note not converted are to be issued in the name of a Person   other than the undersigned, the undersigned will pay all documentary, stamp or similar issue or   transfer taxes, if any in accordance with Section 14.02(d) and Section 14.02(e) of the Indenture.    Any amount required to be paid to the undersigned on account of interest accompanies this Note.   Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in   the Indenture.          In the case of Certificated Notes, the certificate numbers of the Notes to be converted are   as set forth below: __________________________    Dated: _____________________        ________________________________                                        ________________________________                                       Signature(s)    ___________________________   Signature Guarantee    Signature(s) must be guaranteed   by an eligible Guarantor Institution   (banks, stock brokers, savings and   loan associations and credit unions)   with membership in an approved   signature guarantee medallion program   pursuant to Securities and Exchange   Commission Rule 17Ad-15 if shares   of Common Stock are to be issued, or   Notes are to be delivered, other than   to and in the name of the registered holder.    Fill in for registration of shares if   to be issued, and Notes if to     064310-0812-15924-Active.25775846.6                                   5/10/18 1:55 PM                                   Attachment 1-1  

 

   be delivered, other than to and in the  name of the registered holder:   _________________________  (Name)   _________________________  (Street Address)   _________________________  (City, State and Zip Code)  Please print name and address                                       Principal amount to be converted (if less than all):                                       $______,000                                       NOTICE:  The above signature(s) of the Holder(s)                                      hereof must correspond with the name as written                                      upon the face of the Note in every particular                                      without alteration or enlargement or any change                                      whatever.                                                                                  Social Security or Other Taxpayer                                      Identification Number    064310-0812-15924-Active.25775846.6                                              Attachment 1-2  

 

                                                                ATTACHMENT 2              [FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]   To:  Hope Bancorp, Inc.         The undersigned registered owner of this Note hereby acknowledges receipt of a notice  from Hope Bancorp, Inc. (the “Company”) as to the occurrence of a Fundamental Change with  respect to the Company and specifying the Fundamental Change Repurchase Date and requests  and instructs the Company to pay to the registered holder hereof in accordance with Section  15.01 of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the  portion thereof (that is $1,000 principal amount or an integral multiple thereof) below  designated, and (2) if such Fundamental Change Repurchase Date does not fall during the period  after a Regular Record Date and on or prior to the corresponding Interest Payment Date, accrued  and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase  Date.         In the case of Certificated Notes, the certificate numbers of the Notes to be repurchased  are as set forth below: __________________________   Dated:  _____________________                                                                                  Signature(s)                                                                                  Social Security or Other Taxpayer                                      Identification Number                                       Principal amount to be repaid (if less than all):                                       $______,000                                       NOTICE:  The above signature(s) of the Holder(s)                                      hereof must correspond with the name as written                                      upon the face of the Note in every particular                                      without alteration or enlargement or any change                                      whatever.       064310-0812-15924-Active.25775846.6                                                                             Attachment 2-1  

 

                                                                  ATTACHMENT 3                      [FORM OF COMPANY REPURCHASE NOTICE]   To:  Hope Bancorp, Inc.         The undersigned registered owner of this Note hereby acknowledges receipt of a notice  from Hope Bancorp, Inc. (the “Company”) specifying a Repurchase Date and requests and  instructs the Company to pay to the registered holder hereof in accordance with Section 16.02 of  the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion  thereof (that is $1,000 principal amount or an integral multiple thereof) below designated, and  (2) if such Repurchase Date does not fall during the period after a Regular Record Date and on or  prior to the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to,  but excluding, such Repurchase Date.         In the case of Certificated Notes, the certificate numbers of the Notes to be repurchased  are as set forth below: __________________________   Dated:  _____________________                                                                                   Signature(s)                                                                                    Social Security or Other Taxpayer                                       Identification Number                                        Principal amount to be repaid (if less than all):                                        $______,000                                        NOTICE:  The above signature(s) of the Holder(s)                                       hereof must correspond with the name as written                                       upon the face of the Note in every particular                                       without alteration or enlargement or any change                                       whatever.         064310-0812-15924-Active.25775846.6                                                                              Attachment 3-1  

 

                                                                  ATTACHMENT 4                       [FORM OF ASSIGNMENT AND TRANSFER]    For value received ____________________________ hereby sell(s), assign(s) and transfer(s)   unto _________________ (Please insert social security or Taxpayer Identification Number of   assignee) the within Note, and hereby irrevocably constitutes and appoints   _____________________ attorney to transfer the said Note on the books of the Company, with   full power of substitution in the premises.    In connection with any transfer of the within Note occurring prior to the Resale Restriction   Termination Date, as defined in the Indenture governing such Note, the undersigned confirms   that such Note is being transferred:    ☐     To Hope Bancorp, Inc. or a Subsidiary thereof; or    ☐     Pursuant to a registration statement that has become or been declared effective under the   Securities Act of 1933, as amended; or    ☐    Pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as  amended; or   ☐     Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as  amended, or any other available exemption from the registration requirements of the Securities  Act of 1933, as amended.   Dated: ________________________   _____________________________________   _____________________________________  Signature(s)   _____________________________________  Signature Guarantee   Signature(s) must be guaranteed by an  eligible Guarantor Institution (banks, stock  brokers, savings and loan associations and  credit unions) with membership in an approved  signature guarantee medallion program pursuant  to Securities and Exchange Commission  Rule 17Ad-15 if Notes are to be delivered, other  than to and in the name of the registered holder.   NOTICE:  The signature on the assignment must correspond with the name as written upon the   face of the Note in every particular without alteration or enlargement or any change whatever.     064310-0812-15924-Active.25775846.6                                                                              Attachment 4-1  

 

                                                                        EXHIBIT B                   FORM OF FREE TRANSFERABILITY CERTIFICATE                                        [Date]    Hope Bancorp, Inc.   3200 Wilshire Blvd., Suite 1400   Los Angeles, CA 90010    U.S. Bank National Association, as Trustee    633 West Fifth Street, 24th Floor  Los Angeles, CA 90071                 Re:  2.00% Convertible Senior Notes due 2038          ARTICLE 1.  Reference is hereby made to the Indenture, dated as of May 11, 2018 (the   “Indenture”), between Hope Bancorp, Inc. and the Trustee.  Capitalized terms used but not   defined herein shall have the meanings given to them in the Indenture.          ARTICLE 2.  Whereas the Resale Restriction Termination Date with respect to the   2.00% Convertible Senior Notes due 2038 represented by Global Note CUSIP number 43940T   AA7 and ISIN number US43940TAA79 (the “Notes”) has occurred, the Company hereby   instructs you that:                (i)     the restrictive legend required by  Section 2.05(b) of the Indenture and         set forth on the Notes shall be deemed removed from the Notes, in accordance with the         terms and conditions of the Notes and as provided in the Indenture upon compliance with         the Applicable Procedures, without further action on the part of Holders; and                (ii)  the Company shall instruct DTC to change the CUSIP number and ISIN         number for the Notes to the unrestricted CUSIP number (43940T AB5) and unrestricted         ISIN number (US43940TAB52), respectively, without further action on the part of         Holders.                                 [signature pages follow]          064310-0812-15924-Active.25775846.6                                                                                Exhibit B-1  

 

                                       Hope Bancorp, Inc.                                       By:                                            Name:                                          Title:      064310-0812-15924-Active.25775846.6                                              Exhibit B-2

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