Document:

Form of Registered Global Subordinated Note

 Exhibit 4.12 
 [FORM OF REGISTERED GLOBAL SUBORDINATED NOTE] 
 BANK OF AMERICA CORPORATION 
 Medium-Term Subordinated Note, Series L 
 REGISTERED GLOBAL SUBORDINATED NOTE 
 This Note is a global security within the meaning of the Indenture dated as of
January 1, 1995, as supplemented from time to time (the “Indenture”), between Bank of America Corporation and The Bank of New York Trust Company, N.A., as successor trustee (the “Trustee”) under the Indenture and is
registered in the name of [Cede & Co., as the nominee of The Depository Trust Company (the “Depository”)] [The Bank of New York Depository (Nominees) Limited, as the nominee of The Bank of New York, the common depository (the
“Common Depository”) for Euroclear Bank S.A./N.V., as operator of the Euroclear system, and/or Clearstream Banking, société anonyme, Luxembourg]. This Note is not exchangeable for definitive or other Notes registered in the
name of a person other than [the Depository or its nominee] [the Common Depository], except in the limited circumstances described in the Indenture or in this Note, and no transfer of this Note (other than a transfer as a whole by [the Depository to
a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor depository or a nominee of such successor depository] [the Common Depository
to a successor common depository]) may be registered except in the limited circumstances described in the Indenture. 
 [Unless this Note is
presented by an authorized representative of The Depository Trust Company (the “Depository”) (55 Water Street, New York, New York) to the Issuer or its agent for registration of transfer, exchange or payment, and this Note is registered in
the name of CEDE & CO., or such other name as requested by an authorized representative of The Depository Trust Company, and unless any payment is made to CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL, since the registered owner hereof, CEDE & CO., has an interest herein.] 1 
 THIS NOTE IS NOT A SAVINGS ACCOUNT OR A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 

 THE INDEBTEDNESS OF BANK OF AMERICA CORPORATION EVIDENCED BY THIS NOTES, INCLUDING THE PRINCIPAL HEREOF AND INTEREST HEREON, IS, TO THE
EXTENT AND IN THE MANNER SET FORTH IN THE INDENTURE, SUBORDINATE AND JUNIOR IN RIGHT OF PAYMENT TO BANK OF AMERICA CORPORATION’S OBLIGATIONS TO HOLDERS OF SENIOR INDEBTEDNESS, AS DEFINED IN THE INDENTURE, AND EACH HOLDER OF THIS 

 

	1	Modify in the case of all Registered Global Notes other than DTC Global Notes 

 
NOTE, BY THE ACCEPTANCE HEREOF, AGREES TO AND SHALL BE BOUND BY SUCH PROVISIONS OF THE INDENTURE. 
 THIS NOTE IS NOT AN OBLIGATION OF OR GUARANTEED BY BANK OF AMERICA, N.A. OR ANY OTHER BANKING OR NONBANKING AFFILIATE OF BANK OF AMERICA CORPORATION.

 THIS NOTE IS SOLD IN MINIMUM DENOMINATIONS AS NOTED HEREIN AND IN THE PRICING SUPPLEMENT ATTACHED HERETO AND CANNOT BE EXCHANGED
FOR NOTES IN SMALLER DENOMINATIONS. EACH OWNER OF A BENEFICIAL INTEREST IN THIS NOTE IS REQUIRED TO HOLD A BENEFICIAL INTEREST OF A PRINCIPAL AMOUNT OF THIS NOTE EQUAL TO THE MINIMUM AUTHORIZED DENOMINATION AT ALL TIMES. 
  

 2 

			
	No. R-	 	Registered
	CUSIP No.:	 	
	ISIN:	 	
	Common Code:	 	Principal Amount: [$]                        

 BANK OF AMERICA CORPORATION 
 Medium-Term Subordinated Note, Series L 
 [INSERT SPECIFIC NAME OR DESIGNATION
OF THE NOTES] 
 REGISTERED GLOBAL SUBORDINATED NOTE 
  

									
	ORIGINAL ISSUE DATE2:	 	 ̈	  	 This Note is an Extendible Note at the Holder’s Option. [See attached Rider]

	  
 STATED MATURITY DATE:
	 	  
  ̈
	  	  
 This Note is an Extendible Note at the Issuer’s Option.
[See attached Rider]

	CURRENCY:	 	  
  ̈
	  	  
 This Note is an Amortizing Note. [See payment schedule in
attached Pricing Supplement]

		 	 ̈	 	 U.S. Dollars
	 		  	
		 	 ̈	 	 Other (specify):
	 		  	
				
	 ̈    	 	FIXED RATE NOTE	 		  	
	 ̈	 	FLOATING RATE NOTE	 		  	
	 ̈	 	FLOATING RATE/FIXED RATE NOTE	 		  	
		
	RECORD DATES:	 	[CALCULATION AGENT:]

 BANK OF AMERICA CORPORATION, a Delaware
corporation (herein called the “Issuer,” which term includes any successor corporation), for value received, hereby promises to pay to [CEDE & CO., as nominee for The Depository Trust Company][THE BANK OF NEW YORK DEPOSITORY
(NOMINEES) LIMITED, as nominee of The Bank of New York, the common depository for Euroclear Bank S.A./N.V., as operator of the Euroclear system, and/or Clearstream Banking, société anonyme, Luxembourg], or its registered assigns, the
principal amount specified above or as set forth in the Pricing Supplement (the “Pricing Supplement”) attached hereto, as adjusted in accordance with Schedule 1 hereto, on the Stated Maturity Date3 specified above (except to the extent redeemed or repaid prior to the Stated Maturity Date), and to pay interest thereon (i) in accordance with the provisions set forth on the
reverse hereof in Section 2(a), if this Note is designated as a “Fixed Rate Note” above, (ii) in accordance with the 
  

	 2
	 The form provides that interest, if any, will accrue from the Original Issue Date. In the event a series of Notes is
reopened, interest will accrue from the Original Issue Date for all tranches of Notes of that series. However, in the event a series of Notes is reopened, the authentication date for each tranche of Notes will be the date that tranche of Notes is
settled, which may be different from the Original Issue Date. 

	 3
	 This form provides for Notes that will mature only on a specified date. If the Maturity of Notes of a series may be
extended at the option of the holder, or if the Issuer may elect the extension of Maturity of the Notes of a series, the form, as used, will be modified by the applicable Rider attached to this Note to provide for additional terms relating to such
renewal or extension, as the case may be, including the period or periods for which the Maturity may be extended, changes in the interest rate, if any, and requirements for notice. 

  

 3 

 provisions set forth on the reverse hereof under the Section 2(b), if this Note is designated as a “Floating
Rate Note” above, or (iii) in accordance with the provisions set forth on the reverse hereof in Section 2(c), if this Note is designated as a “Floating Rate/Fixed Rate Note” above, in each case as such provisions may be
modified or supplemented by the terms and provisions set forth in the Pricing Supplement, and (to the extent that the payment of such interest shall be legally enforceable) to pay interest at the Default Rate per annum specified in the Pricing
Supplement on any overdue principal and premium, if any, and on any overdue installment of interest. If no Default Rate is specified in the Pricing Supplement, the Default Rate shall be the fixed or floating Interest Rate or Interest Rates on this
Note specified in the Pricing Supplement. “Maturity,” when used herein, means the date on which the principal of this Note or an installment of principal becomes due and payable in full in accordance with the terms of this Note and of the
Indenture, whether at the Stated Maturity Date or by declaration of acceleration, call for redemption, prepayment at the holder’s option or otherwise. 
 The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the person in whose name this Note (or one or more predecessor Notes evidencing all or a portion of the
same debt as this Note) is registered, unless otherwise specified on the face hereof or in the Pricing Supplement (i) for book-entry only Notes denominated in U.S. dollars, at the close of business on the date that is one business day (in
Charlotte, North Carolina and New York City) prior to such Interest Payment Date or (ii) for book-entry only Notes denominated in a currency other than U.S. dollars and for any Notes in definitive form, at the close of business on the fifteenth
calendar day immediately preceding such Interest Payment Date (each, referred to herein as the “Regular Record Date”); provided, however, that the first payment of interest on any Note with an Original Issue Date between a
Regular Record Date and an Interest Payment Date or on an Interest Payment Date will be made on the Interest Payment Date following the next Regular Record Date to the person in whose name this Note is registered at the close of business on such
next Regular Record Date; and provided, further, that interest payable at Maturity (the “Maturity Date”) will be payable to the person to whom the principal hereof shall be payable. The principal so payable, and punctually
paid or duly provided for, at Maturity will be paid to the person in whose name this Note (or one or more predecessor Notes evidencing all or a portion of the same debt as this Note) is registered at the close of business on the Maturity Date. Any
such interest or principal not punctually paid or duly provided for shall be payable as provided in this Note and in the Indenture. 
 Payment of principal of, and premium, if any, and interest on, this Note due at Maturity will be made in immediately available funds upon presentation and surrender of this Note at the office of the applicable Paying Agent (as described on
the reverse hereof) maintained for that purpose, and in accordance with the procedures of the depository or clearing system noted hereon; provided, that this Note is presented to the Paying Agent in time for the Paying Agent to make such
payment in accordance with its normal procedures. Payments of interest on this Note (other than at Maturity) will be made by wire transfer to such account as has been appropriately designated to the Paying Agent by the person entitled to such
payments. 
 The Issuer will pay any administrative costs imposed by any bank in making payments in immediately available funds, but any tax,
assessment or governmental charge imposed upon 

  

 4 

 
payments hereunder, including, without limitation, any withholding tax, will be borne by the holder hereof. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof and in the Pricing Supplement attached hereto, which shall have
the same effect as though fully set forth at this place. In the event of any conflict between the provisions contained herein or on the reverse hereof and the provisions contained in the Pricing Supplement attached hereto, the latter shall control.
References herein to “this Note,” “hereof,” “herein” and comparable terms shall include the Pricing Supplement attached hereto. 
 Unless the certificate of authentication hereon has been executed by the Trustee (or other authentication agent duly appointed in accordance with the Indenture), by manual signature of an authorized signatory, this
Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 5 

 IN WITNESS WHEREOF, Bank of America Corporation has caused this instrument to be duly executed on its
behalf, by manual or facsimile signature. 
  

									
	Dated:	 	                         	 		 	BANK OF AMERICA CORPORATION
				
	[CORPORATE SEAL]	 		 		 	
		 		 		 	By:	 	  

	ATTEST:	 		 	Name:	 	
		 		 		 	Title:	 	
	By:	 	  
	 		 		 	
	Title:	 	[Assistant] Secretary	 		 		 	

  

 6 

 CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

					
	Dated:                    	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.,
		 	as Trustee
			
		 	By:	 	  

		 		 	Authorized Signatory

  

 7 

 [ATTACH PRICING SUPPLEMENT] 
  

 8 

 [Reverse of Note] 
 BANK OF AMERICA CORPORATION 
 Medium-Term Subordinated Note, Series L 
 REGISTERED GLOBAL SUBORDINATED NOTE 
 SECTION 1. General. This Note is one of a duly authorized issue of subordinated notes of the Issuer to be issued in one or more series under the Indenture dated January 1, 1995, as supplemented from time to time (the
“Indenture”), between Bank of America Corporation (the “Issuer”) and The Bank of New York Trust Company, N.A., as successor trustee (the “Trustee”), and to which Indenture reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Issuer and the Trustee and the London Paying Agent (as described below) thereunder and the holders of the Notes and of the terms upon which the Notes are, and are to
be, authenticated and delivered. The terms Trustee and London Paying Agent shall include any additional or successor trustee or agents appointed in such capacities by the Issuer in accordance with the terms of the Indenture. 
 This Note is also one of the Notes issued pursuant to the Prospectus Supplement dated April 10, 2008 to the Prospectus dated May 5, 2006
(referred to collectively herein as the “Prospectus”) for the offer and sale of the Issuer’s senior and subordinated medium-term notes, Series L (the “Notes”). The Notes may have different issue and maturity dates, bear
interest at different rates and vary in such other ways as provided in the Indenture and described in the Prospectus. The specific terms of each issuance of Notes will be described in a Pricing Supplement. 
 The Issuer has initially appointed the Trustee to act as the U.S. Issuing and Paying Agent, Security Registrar and Transfer Agent for the Notes and The
Bank of New York to act as the London Paying Agent for certain of the Notes through its London branch (the “London Paying Agent” and, with the Trustee, each, a “Paying Agent”). This Note may be presented or surrendered for
payment, and notices, designations or requests in respect of payments with respect to this Note may be served, at the corporate trust office of the Trustee, located at 101 Barclay Street, New York, New York, 10286, and/or at the office of the London
Paying Agent located at One Canada Square, London, E14 5AL, as applicable, or such other locations as may be specified by the applicable Paying Agent and notified to the Issuer and the registered holder of this Note. 
 Unless specified otherwise in the Pricing Supplement, this Note will not be subject to a sinking fund. 
 SECTION 2. Interest Provisions. 
 (a)
Fixed Rate Notes. If this Note is designated as a “Fixed Rate Note” on the face hereof, the Issuer will pay interest on the principal amount specified on the face of this Note (as adjusted in accordance with Schedule 1
hereto) on each Interest Payment Date specified in the Pricing Supplement and at Maturity, commencing on the first Interest Payment Date succeeding the 

  

 9 

 
Original Issue Date specified above, except as provided on the face hereof, until payment of such principal sum has been made or duly provided for. Unless
otherwise specified in the Pricing Supplement, if this Note has a Maturity Date of less than one year from the Original Issue Date, interest on this Note will be paid only at Maturity. 
 Payments of interest hereon will include interest accrued from, and including, the most recent Interest Payment Date to which interest on this Note (or
any predecessor Note) has been paid or duly provided for (or, unless otherwise specified in the Pricing Supplement, if no interest has been paid or duly provided for, from, and including, the Original Issue Date) to, but excluding, the relevant
Interest Payment Date or Maturity Date, as the case may be. 
 Unless otherwise specified in the Pricing Supplement, if this Note has an
original maturity less than one year and is payable in U.S. dollars, interest (including payments for partial periods) will be computed and paid on the basis of the actual number of days elapsed divided by 360. Unless otherwise specified in the
Pricing Supplement, if this Note has an original maturity of one year or more and is payable in U.S. dollars, interest (including payments for partial periods) will be computed on the basis of a 360-day year of twelve 30-day months. Unless otherwise
specified in the Pricing Supplement, if this Note is denominated in a currency other than U.S. dollars or Canadian dollars, interest will be computed on the basis of the Actual/Actual (ISMA) Fixed Day Count Convention. Unless otherwise specified in
the Pricing Supplement, if this Note is denominated in Canadian dollars, interest will be calculated using Actual/Actual (Canadian Compound Method). 
 “Actual/Actual (ISMA) Fixed Day Count Convention” means: 
  

	 	(a)	in the case of fixed-rate notes where the number of days in the relevant period from and including the most recent Interest Payment Date (or, if none, from, and including, the
interest commencement date, which unless specified otherwise in the Pricing Supplement shall be the Original Issue Date) to, but excluding, the relevant payment date (referred to as the “accrual period”) is equal to or shorter than
the determination period (as defined below) during which the accrual period ends, the number of days in the accrual period divided by the product of (1) the number of days in that determination period and (2) the number of determination
periods that would occur in one calendar year, assuming interest was to be payable in respect of the whole of that year; or 

  

	 	(b)	in the case of fixed-rate notes where the accrual period is longer than the determination period during which the accrual period ends, the sum of: 

 (1) the number of days in that accrual period falling in the determination period in which the accrual period begins divided by the product of
(x) the number of days in such determination period and (y) the number of determination periods that would occur in one calendar year, assuming interest was to be payable in respect of the whole of that year; and 
 (2) the number of days in that accrual period falling in the next determination period divided by the product of (x) the number of days in such
determination period and (y)

  

 10 

 
the number of determination periods that would occur in one calendar year, assuming interest was to be payable in respect of the whole of that year.

 “Determination period” means the period from, and including, a determination date to, but excluding, the next
determination date (including, where either the interest commencement date or the final Interest Payment Date is not a determination date, the period commencing on the first determination date prior to, and ending on the first determination date
falling after, such date). 
 “Determination date” means each date specified in the Pricing Supplement or, if none is
specified, each Interest Payment Date. 
 “Actual/Actual (Canadian Compound Method)” means, when calculating interest due on
any Interest Payment Date for a full semi-annual interest period, the day count fraction will be 30/360, and, when calculating interest for any interest period that is shorter than a full semi-annual interest period, the day count fraction will be
Actual/365 (Fixed). 
 Unless otherwise specified in the Pricing Supplement, if any Interest Payment Date or the Maturity Date of this Note
falls on a day that is not a Business Day, the related payment of principal, premium, if any, or interest on this Note will be made on the next succeeding Business Day with the same force and effect as if made on the date such payments were due, and
no additional interest will accrue in respect of the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be. 
 (b) Floating Rate Notes. If this Note is designated as a “Floating Rate Note” on face hereof, the Issuer will pay interest on the principal amount specified on the face of this Note (as
adjusted in accordance with Schedule 1 hereto) on each Interest Payment Date specified in the Pricing Supplement and at Maturity, commencing on the first Interest Payment Date succeeding the Original Issue Date specified on the face hereof, unless
the Original Issue Date occurs between a Regular Record Date and the next Interest Payment Date, in which case interest shall be payable commencing on the Interest Payment Date following the next Regular Record Date, at a rate per annum determined
in accordance with the provisions hereof and the Pricing Supplement, until payment of such principal sum has been made or duly provided for. Unless otherwise specified in the Pricing Supplement, if this Note has a Maturity Date of less than one year
from the Original Issue Date, interest on this Note will be paid only at Maturity. 
 Payments of interest hereon will include interest
accrued from, and including, the most recent Interest Payment Date to which interest on this Note (or any predecessor Note) has been paid or duly provided for (or, unless otherwise provided in the Pricing Supplement, if no interest has been paid or
duly provided for, from and including the Original Issue Date) to, but excluding, the relevant Interest Payment Date or Maturity Date, as the case may be (each such period, an “Interest Period”). 
 As set forth in the Pricing Supplement, this Note may have either or both of the following: (i) a maximum numerical interest rate limitation, or
ceiling, on the rate at which interest may accrue during any Interest Period (“Maximum Interest Rate”); or (ii) a minimum numerical interest rate limitation, or floor, on the rate at which interest may accrue during any 

  

 11 

 
interest period (“Minimum Interest Rate”); provided, however, that the interest rate on this Note will in no event be higher than the
maximum rate permitted by applicable law. 
 The Base Rate (as defined herein) with respect to this Note may be (i) the federal funds
rate, (ii) the London interbank offered rate, or “LIBOR,” (iii) the Euro-zone interbank offered rate, or “EURIBOR,” (iv) the prime rate, (v) the treasury rate or (v) such other rate as is described in the
Pricing Supplement. 
 Except as described below, this Note will bear interest at the rate determined by reference to the appropriate
interest rate basis (the “Base Rate”) and Index Maturity, each as specified in the Pricing Supplement, (i) plus or minus the Spread, if any, specified in the Pricing Supplement and/or (ii) multiplied by the Spread Multiplier, if
any, specified in the Pricing Supplement. The interest rate in effect during an Interest Period will be the rate determined by the Calculation Agent specified in the Pricing Supplement on the “calculation date” by reference to the Interest
Determination Date (as described below). 
 The “calculation date” pertaining to any Interest Determination Date will be the date
by which the Calculation Agent specified in the Pricing Supplement computes the amount of interest owed on this Note for the related Interest Period. Unless otherwise specified in the Pricing Supplement, the “calculation date” will be the
earlier of (a) the tenth calendar day after the related Interest Determination Date or, if that date is not a Business Day, the next succeeding Business Day; or (b) the Business Day immediately preceding the applicable Interest Payment
Date or the Stated Maturity Date or the date of redemption or the date of prepayment, as the case may be. 
 The interest rate in effect on
each day shall be (a) if such day is an Interest Reset Date, the interest rate determined as of the Interest Determination Date pertaining to such Interest Reset Date or (b) if such day is not an Interest Reset Date, the interest rate
determined as of the Interest Determination Date pertaining to the immediately preceding Interest Reset Date. Unless otherwise specified herein or in the Pricing Supplement, if any Interest Reset Date specified in the Pricing Supplement (including
the Initial Interest Reset Date, as specified in the Pricing Supplement) falls on a day that is not a Business Day, the Interest Reset Date will be postponed to the next day that is a Business Day, except that, unless otherwise specified in the
Pricing Supplement, in the case of a LIBOR note or a EURIBOR note, if the next Business Day is in the next succeeding calendar month, the Interest Reset Date will be the immediately preceding Business Day. The Interest Reset Dates are subject to
adjustment as described below. 
 Unless otherwise specified in the Pricing Supplement: (i) the “Interest Determination Date”
with respect to any Note that has as its Base Rate the federal funds rate or the prime rate will be the Business Day immediately preceding the related Interest Reset Date; (ii) the “Interest Determination Date” with respect to any
Note that has LIBOR as its Base Rate will be the second London Banking Day preceding the related Interest Reset Date, unless the Index Currency specified in the Pricing Supplement is pounds sterling, in which case the Interest Determination Date
will be the Interest Reset Date; (iii) the “Interest Determination Date” with respect to any Note that has EURIBOR as its Base Rate will be the second TARGET Settlement Date (as defined below) preceding the related Interest Reset
Date; and (iv) the “Interest Determination Date” with respect to any Note that has as its Base Rate the treasury rate will be 

  

 12 

 
the day of the week in which the related Interest Reset Date falls on which Treasury bills of the Index Maturity specified in the Pricing Supplement normally
would be auctioned; provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the related “Interest Determination Date” shall be such preceding Friday; and
provided, further, that if an auction is held on any Interest Reset Date then the Interest Reset Date shall instead be the first Business Day following such auction. 
 For a Note whose interest rate is determined by reference to two or more Base Rates, unless otherwise specified in the Pricing Supplement, the
“Interest Determination Date” shall be the most recent Business Day that is at least two Business Days prior to the applicable Interest Reset Date for the Note on which each Base Rate is determinable. 
 Unless otherwise specified in the Pricing Supplement, if any Interest Payment Date falls on a day that is not a Business Day, the related payment of
interest will be made on the next succeeding Business Day. However, unless otherwise specified in the Pricing Supplement, if this Note has as its Base Rate LIBOR or EURIBOR, as described below, if an Interest Payment Date falls on a date that is not
a Business Day, and the next Business Day is in the next calendar month, the Interest Payment Date will be the immediately preceding Business Day. In each such case, except for the Interest Payment Date falling on the Maturity Date, the Interest
Periods and the Interest Reset Dates will be adjusted accordingly to calculate the amount of interest payable on this Note. Unless otherwise specified in the Pricing Supplement, if the Maturity Date of this Note falls on a day that is not a Business
Day, the related payment of principal of, or premium, if any, or interest on, this Note will be made on the next succeeding Business Day with the same force and effect as if made on the date such payments were due, and no additional interest will
accrue in respect of the amount so payable for the period from and after the Maturity Date. 
 Accrued interest on this Note is calculated by
multiplying the principal amount of the Note by an accrued interest factor. The accrued interest factor is the sum of the interest factors calculated for each day in the period for which accrued interest is being calculated. Unless otherwise
indicated in the Pricing Supplement, the daily interest factor will be computed on the basis of a 360-day year of twelve 30-day months if the Day Count Convention specified in the Pricing Supplement is “30/360” for the period specified
thereunder, or on the basis of the actual number of days in the Interest Period divided by 360 if the Day Count Convention specified in the Pricing Supplement is “Actual/360” for the period specified thereunder, or on the basis of the
actual number of days in the Interest Period divided by 365, or in the case of an Interest Payment Date falling in a leap year, 366, if the Day Count Convention specified in the Pricing Supplement is “Actual/Actual” for the period
specified thereunder. If no Day Count Convention is specified in the Pricing Supplement, the daily interest factor will be computed and interest will be paid (including payments for partial periods) as follows: (i) for Notes that have as a Base
Rate the federal funds rate, LIBOR, EURIBOR, the prime rate, or any other rate other than the treasury rate, as if “Actual/360” had been specified in the Pricing Supplement; (ii) for Notes that have the treasury rate as a Base Rate,
as if “Actual/Actual” had been specified in the Pricing Supplement; and (iii) for Notes that are denominated in Canadian dollars, unless otherwise specified in the Pricing Supplement, as if “Actual/365” had been specified in
the Pricing Supplement. 
 All amounts used in or resulting from any calculation on this Note will be rounded to the nearest cent, if the
currency specified on the face hereof (referred to herein as the “Specified 

  

 13 

 
Currency”) is U.S. dollars, or to the nearest corresponding hundredth of a unit, if the Specified Currency is other than U.S. dollars, with one-half
cent or one-half of a corresponding hundredth of a unit or more being rounded upward. Unless otherwise specified in the Pricing Supplement, all percentages resulting from any calculation are rounded to the nearest one hundred-thousandth of a
percent, with five one-millionths of a percentage point rounded upward. For example, 9.876545% (or .09876545) will be rounded to 9.87655% (or .0987655). 
 Notwithstanding the calculations determined as specified below, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified in the
Pricing Supplement. 
 The Calculation Agent shall calculate the interest rate hereon in accordance with the procedures described below on or
before each calculation date. At the request of the registered holder hereof, the Calculation Agent will provide to such holder the interest rate hereon then in effect and, if determined, the interest rate which will become effective as of the next
Interest Reset Date. 
 Determination of LIBOR. LIBOR for any Interest Determination Date will be the arithmetic mean of the offered
rates for deposits in the relevant Index Currency having the Index Maturity described in the Pricing Supplement, commencing on the related Interest Reset Date, as the rates appear on the LIBOR Reuters page designated in the Pricing Supplement as of
11:00 A.M., London time, on that Interest Determination Date, if at least two offered rates appear on the designated LIBOR page, except that, if the designated LIBOR Reuters page only provides for a single rate, that single rate will be used.

 If fewer than two of the rates described above appears on that page or no rate appears on any page on which only one rate normally
appears, then the Calculation Agent will determine LIBOR as follows: 
  

	 	•	 	 The Calculation Agent will select four major banks in the London interbank market, after consultation with the Issuer. On the Interest Determination Date, those
four banks will be requested to provide their offered quotations for deposits in the relevant Index Currency having an Index Maturity specified in the Pricing Supplement commencing on the Interest Reset Date to prime banks in the London interbank
market at approximately 11:00 A.M., London time. 

  

	 	•	 	 If at least two quotations are provided, the Calculation Agent will determine LIBOR as the arithmetic mean of those quotations. 

  

	 	•	 	 If fewer than two quotations are provided, the Calculation Agent will select, after consultation with the Issuer, three major banks in New York City. On the
Interest Determination Date, those three banks will be requested to provide their offered quotations for loans in the relevant Index Currency having an Index Maturity specified in the Pricing Supplement commencing on the Interest Reset Date to
leading European banks at approximately 11:00 A.M., New York time. The Calculation Agent will determine LIBOR as the average of those quotations. 

  

 14 

	 	•	 	 If fewer than three New York City banks selected by the Calculation Agent are quoting rates, LIBOR for that interest period will remain LIBOR then in effect on the
Interest Determination Date. 

 Determination of EURIBOR. EURIBOR means, for any Interest Determination Date, the
rate for deposits in euro as sponsored, calculated, and published jointly by the European Banking Federation and ACI—The Financial Market Association, or any company established by the joint sponsors for purposes of compiling and publishing
those rates, having the Index Maturity specified in the Pricing Supplement, as that rate appears on the display on Reuters, or any successor service, on page EURIBOR01 or any other page as may replace such page (“Reuters Page
EURIBOR01”), as of 11:00 A.M., Brussels time. 
 The following procedures will be followed if EURIBOR cannot be determined as
described above: 
  

	 	•	 	 If no offered rate appears on Reuters Page EURIBOR01 on an Interest Determination Date at approximately 11:00 A.M., Brussels time, then the Calculation Agent, after
consultation with the Issuer, will select four major banks in the Euro-zone interbank market to provide a quotation of the rate at which deposits in euro having the Index Maturity specified in the Pricing Supplement are offered to prime banks in the
Euro-zone interbank market, and in a principal amount not less than the equivalent of €1,000,000, that is representative of a single transaction in euro in that market at that time. If at least two quotations are provided, EURIBOR will be the
average of those quotations. 

  

	 	•	 	 If fewer than two quotations are provided, then the Calculation Agent, after consultation with the Issuer, will select four major banks in the Euro-zone interbank
market to provide a quotation of the rate offered by them, at approximately 11:00 A.M., Brussels time, on the Interest Determination Date, for loans in euro to prime banks in the Euro-zone interbank market for a period of time equivalent to the
Index Maturity specified in the Pricing Supplement commencing on that Interest Reset Date and in a principal amount not less than the equivalent of €1,000,000, that is representative of a single transaction in euro in that market at that time.
If at least three quotations are provided, EURIBOR will be the average of those quotations. 

  

	 	•	 	 If three quotations are not provided, EURIBOR for that Interest Determination Date will be equal to EURIBOR for the immediately preceding interest period.

 “Euro-zone” means the region comprising Member States of the European Union that have adopted the euro
as their single currency in accordance with the Treaty establishing European Community, as amended. 
 Determination of Treasury Rate.
The “treasury rate” for any Interest Determination Date is the rate set at the auction of direct obligations of the United States (“Treasury bills”) having the Index Maturity described in the Pricing Supplement, as
specified under the caption “Investment Rate” on the display on Reuters, or any successor service, on page USAUCTION 10/11 or any other page as may replace such page. 
 The following procedures will be followed if the treasury rate cannot be determined as described above: 
  

 15 

	 	•	 	 If the rate is not displayed on Reuters on page USAUCTION 10/11 or any other page as may replace such page by 3:00 P.M., New York City time, on the related
calculation date, the treasury rate will be the rate of Treasury bills as published in H.15 Daily Update, or another recognized electronic source for the purpose of displaying the applicable rate, under the caption “U.S. Government
Securities/Treasury Bills/Auction High.” 

  

	 	•	 	 If the alternative rate described in the paragraph immediately above is not published by 3:00 P.M., New York City time, on the related calculation date, the
treasury rate will be the bond equivalent yield, as defined below, of the auction rate of the applicable Treasury bills as announced by the U.S. Department of the Treasury. 

  

	 	•	 	 If the alternative rate described in the paragraph immediately above is not announced by the U.S. Department of the Treasury, or if the auction is not held, the
treasury rate will be the bond equivalent yield of the rate on the particular Interest Determination Date of the applicable Treasury bills as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary
Market.” 

  

	 	•	 	 If the alternative rate described in the paragraph immediately above is not published by 3:00 P.M., New York City time, on the related calculation date, the
treasury rate will be the rate on the particular Interest Determination Date of the applicable Treasury bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying the applicable rate, under
the caption “U.S. Government Securities/Treasury Bills/Secondary Market.” 

  

	 	•	 	 If the alternative rate described in the paragraph immediately above is not published by 3:00 P.M., New York City time, on the related calculation date, the
treasury rate will be the rate on the particular Interest Determination Date calculated by the Calculation Agent as the bond equivalent yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City
time, on that Interest Determination Date, of three primary U.S. government securities dealers, selected by the Calculation Agent, after consultation with the Issuer, for the issue of Treasury bills with a remaining maturity closest to the
particular Index Maturity. 

  

	 	•	 	 If the dealers selected by the Calculation Agent are not quoting as described in the paragraph immediately above, the treasury rate will be the treasury rate in
effect on the particular Interest Determination Date. 

 The bond equivalent will be calculated using the following
formula: 
  

									
		 	Bond Equivalent Yield =	  	 D × N
	  	× 100	  	
	 	  	360 – (D × M)	  	  

 where “D” refers to the applicable annual rate for Treasury bills quoted on a bank discount basis and
expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable interest period. 
 “H.15(519)” means the weekly statistical release designated as H.15(519), or any successor publication, published by the Federal Reserve Board. 
  

 16 

 “H.15 Daily Update” means the daily update of H.15(519), available through the website
of the Federal Reserve Board at www.federalreserve.gov/releases/h15/update, or any successor site or publication. 
 Determination of
Federal Funds Rate. The “federal funds rate” for any Interest Determination Date will be as follows: 
  

	 	•	 	 if “Federal Funds (Effective) Rate” is specified in the Pricing Supplement, the federal funds rate will be the rate on that Interest Determination
Date for U.S. dollar federal funds, as published in H.15(519) under the heading “Federal Funds (Effective)” and displayed on Reuters, or any successor service, on page FEDFUNDS1 or any other page as may replace the specified page on that
service (“Reuters Page FEDFUNDS1”), or if such rate is not published in H.15(519) by 3:00 P.M., New York City time, on the related calculation date or does not appear on Reuters Page FEDFUNDS1, the federal funds rate will be the
rate on that Interest Determination Date, as published in H.15 Daily Update, or any other recognized electronic source for the purposes of displaying the applicable rate, under the caption “Federal Funds (Effective).” If the alternate rate
described in the preceding sentence is not published in H.15 Daily Update, or other recognized electronic source for the purpose of displaying the applicable rate, by 3:00 P.M., New York City time, on the related calculation date, then the
Calculation Agent will determine the federal funds rate to be the average of the rates for the last transaction in overnight U.S. dollar federal funds, quoted prior to 9:00 A.M., New York City time, on the business day following that Interest
Determination Date, by each of three leading brokers of U.S. dollar federal funds transactions in New York City, selected by the Calculation Agent, after consultation with the Issuer; provided, however, if fewer than three brokers
selected by the Calculation Agent are quoting as described above, the federal funds rate will be the federal funds rate then in effect on that Interest Determination Date. 

  

	 	•	 	 if “Federal Funds Open Rate” is specified in the Pricing Supplement, the federal funds rate will be the rate on that Interest Determination Date
for U.S. dollar federal funds transactions among member of the U.S. Federal Reserve System arranged by federal funds brokers on such day, under the heading “Federal Funds” for the applicable Index Maturity and opposite the caption
“Open” and displayed on Reuters, or any successor service, on page 5 or any other page as may replace the specified page on that service (“Reuters Page 5”), or if such rate does not appear on Reuters Page 5 by 3:00 P.M.,
New York City time, on the related calculation date, the federal funds rate will be the rate on that Interest Determination Date displayed on FFPREBON Index page on Bloomberg L.P. (“Bloomberg”), which is the Fed Funds Opening Rate
as reported by Prebon Yamane (or a successor) on Bloomberg. If the alternate rate described in the preceding sentence is not displayed on FFPREBON Index page on Bloomberg, or any other recognized electronic source for the purpose of displaying the
applicable rate, by 3:00 P.M., New York City time, on the related calculation date, then the Calculation Agent will determine the federal funds rate to be the average of the rates for the last transaction in overnight U.S. dollar federal funds,
quoted prior to 9:00 A.M., New York City time, on that Interest Determination Date, by each of three leading brokers of U.S. dollar federal funds transactions in 

  

 17 

	 	 
New York City, selected by the Calculation Agent, after consultation with the Issuer; provided, however, if fewer than three brokers selected
by the Calculation Agent are quoting as described above, the federal funds rate will be the federal funds rate then in effect on that Interest Determination Date. 

  

	 	•	 	 if “Federal Funds Target Rate” is specified in the Pricing Supplement, the federal funds rate will be the rate on that Interest Determination Date
for U.S. dollar federal funds displayed on the FDTR Index page on Bloomberg. If such rate does not appear on the FDTR Index page on Bloomberg by 3:00 P.M., New York City time, on the calculation date, the federal funds rate for such Interest
Determination Date will be the rate for that day appearing on Reuters, or any successor service, on page USFFTARGET= or any other page as may replace the specified page on that service (“Reuters Page USFFTARGET=”). If such rate does
not appear on the FDTR Index page on Bloomberg or is not displayed on Reuters Page USFFTARGET= by 3:00 P.M., New York City time, on the related calculation date, then the Calculation Agent will determine the federal funds rate to be the average of
the rates for the last transaction in overnight U.S. dollar federal funds, quoted prior to 9:00 A.M., New York City time, on that Interest Determination Date, by each of three leading brokers of U.S. dollar federal funds transactions in New York
City, selected by the Calculation Agent, after consultation with the Issuer; provided, however, if fewer than three brokers selected by the Calculation Agent are quoting as described above, the federal funds rate will be the federal
funds rate then in effect on that Interest Determination Date. 

 Determination of Prime Rate. The “prime
rate” for any Interest Determination Date is the prime rate or base lending rate on that date, as published in H.15(519) prior to 3:00 P.M., New York City time, on the related calculation date, under the caption “Bank Prime Loan.”

 The following procedures will be followed if the prime rate cannot be determined as described above: 
  

	 	•	 	 If the rate is not published in H.15(519) by 3:00 P.M., New York City time, on the related calculation date, then the prime rate will be the rate as published in
H.15 Daily Update, or any other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Bank Prime Loan.” 

  

	 	•	 	 If the alternative rate described above is not published in H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the
related calculation date, then the Calculation Agent will determine the prime rate to be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters screen US PRIME 1, as defined below, as that
bank’s prime rate or base lending rate as in effect as of 11:00 A.M., New York City time, on that Interest Determination Date. 

  

	 	•	 	 If fewer than four rates appear on the Reuters screen US PRIME 1 for that Interest Determination Date, by 3:00 P.M., New York City time, then the Calculation Agent
will determine the prime rate to be the average of the prime rates or base lending rates furnished in New York City by three substitute banks or trust companies (all organized under the laws of the United States or any of its states and having total

  

 18 

	 	 
equity capital of at least U.S.$500,000,000) selected by the Calculation Agent, after consultation with the Issuer. 

  

	 	•	 	 If the banks selected by the Calculation Agent are not quoting as described above, the prime rate will remain the prime rate then in effect on the Interest
Determination Date. 

 “Reuters screen US PRIME 1” means the display designated as page “US PRIME
1” on the Reuters Monitor Money Rates Service (or any other page as may replace the US PRIME 1 page on that service for the purpose of displaying prime rates or base lending rates of major U.S. banks). 
 (c) Floating Rate/Fixed Rate Notes. If this Note is designated as a “Floating Rate/Fixed Rate Note” on the face hereof, this Note may
bear interest at a fixed rate for a specified period and at a floating rate for a specified period, in each case calculated as set forth in (a) and (b) above, as applicable, and in the Pricing Supplement. 
 SECTION 3. Amortizing Notes. If this Note is designated as an “Amortizing Note” on the face hereof, the Issuer will make payments
combining principal and interest on the dates and in the amounts set forth in the table included in the Pricing Supplement. If this Note is an Amortizing Note, payments made hereon will be applied first to interest due and payable on each such
payment date and then to the reduction of the Outstanding Face Amount. The term “Outstanding Face Amount” means, at any time, the amount of unpaid principal hereof at such time. 
 SECTION 4. Optional Redemption. If so specified in the Pricing Supplement, this Note may be redeemed at the option of the Issuer on any Interest
Payment Date (unless otherwise specified in the Pricing Supplement) on and after the Initial Redemption Date, if any, specified in the Pricing Supplement (each, a “Redemption Date”). IF NO INITIAL REDEMPTION DATE IS SET FORTH IN THE
PRICING SUPPLEMENT, THIS NOTE MAY NOT BE REDEEMED AT THE OPTION OF THE ISSUER PRIOR TO THE STATED MATURITY DATE, EXCEPT AS PROVIDED BELOW IN THE EVENT THAT ANY ADDITIONAL AMOUNTS (AS DEFINED BELOW) ARE REQUIRED TO BE PAID BY THE ISSUER WITH RESPECT
TO THIS NOTE. If so specified in the Pricing Supplement, on and after the Initial Redemption Date, if any, this Note may be redeemed at any time in whole or from time to time in part at the option of the Issuer at the Redemption Price (as
defined below), together with accrued and unpaid interest hereon payable at the applicable rate or rates borne by this Note to, but excluding, the Redemption Date, on notice given in accordance with the Indenture not less than 30 nor more than 60
calendar days (unless otherwise specified in the Pricing Supplement) prior to the Redemption Date. The notice will take the form of a certificate signed by the Issuer specifying: 
  

	 	•	 	 the date fixed for redemption; 

  

	 	•	 	 the redemption price; 

  

	 	•	 	 the securities identification number(s) of the Notes to be redeemed; 

  

	 	•	 	 the amount to be redeemed, if less than all of the series of Notes is to be redeemed; 

  

	 	•	 	 the place of payment for the Notes to be redeemed; and 

  

 19 

	 	•	 	 that on and after the date fixed for redemption, interest will cease to accrue on the Notes to be redeemed. 

 So long as a depository is the record holder of this Note, the Issuer will deliver any redemption notice only to that depository. 
 In the event of redemption of this Note in part only, the unredeemed portion hereof shall be at least the minimum authorized denomination (the
“Authorized Denomination”) specified in the Pricing Supplement, or if no such Authorized Denomination is so specified, U.S. $1,000 or its equivalent in the Specified Currency. In the event of redemption of this Note in part only, a new
Note for the unredeemed portion hereof shall be issued in the name of the registered holder hereof upon the surrender of this Note or, where applicable, an appropriate notation will be made on Schedule 1 attached hereto. Unless otherwise specified
above, if less than all of the Notes with like tenor and terms are to be redeemed, the Trustee shall select, pro rata or by lot or in such other manner as the Trustee shall deem fair and appropriate, the Notes to be redeemed. If this Note is
redeemable at the option of the Issuer, then if so specified in the Pricing Supplement, the “Redemption Price” initially shall be the Initial Redemption Percentage specified in the Pricing Supplement of the principal amount of this Note to
be redeemed, which shall be 100% of the principal amount of the Note to be redeemed, unless otherwise specified in the Pricing Supplement. 
 From and after any Redemption Date, if monies for the redemption of this Note (or portion hereof) shall have been made available for redemption on such Redemption Date, this Note (or such portion hereof) shall cease to bear interest and the
holder’s only right with respect to this Note (or such portion hereof) shall be to receive payment of the principal amount of the Note being redeemed (or, if this is an Original Issue Discount Note as specified in the Pricing Supplement, the
amortized face amount hereof) and, if appropriate, all unpaid interest accrued to such redemption date. 
 SECTION 5. Optional
Repayment. If so specified in the Pricing Supplement, this Note will be repayable prior to the Stated Maturity Date at the option of the registered holder on the Optional Repayment Date(s), if any, specified in the Pricing Supplement. IF NO
OPTIONAL REPAYMENT DATES ARE SET FORTH IN THE PRICING SUPPLEMENT, THIS NOTE MAY NOT BE SO REPAID AT THE OPTION OF THE HOLDER HEREOF PRIOR TO THE STATED MATURITY DATE. Unless otherwise specified in the Pricing Supplement, on any Optional
Repayment Date, this Note shall be repayable in whole or in part at the option of the holder hereof at a repayment price equal to 100% of the principal amount to be repaid, together with accrued and unpaid interest hereon payable at the applicable
rate or rates borne by this Note to, but excluding, the date of repayment; provided, however, that, in the event of repayment of this Note in part only, the unrepaid portion hereof shall be at least the minimum Authorized Denomination
specified in the Pricing Supplement, or if no such Authorized Denomination is so specified, U.S. $1,000 or its equivalent in the Specified Currency. For this Note to be repaid in whole or in part at the option of the holder hereof on any Optional
Repayment Date, this Note must be received, with the form attached hereto entitled “Option to Elect Repayment” duly completed, by the applicable Paying Agent (as appropriate in accordance with such attached form), at the applicable address
set forth on such form or at such other 

  

 20 

 
address which the Issuer shall from time to time notify the holders of the Notes not less than 30 nor more than 60 calendar days prior to such holder’s
Optional Repayment Date. In the event of repayment of this Note in part only, a new Note for the unrepaid portion hereof shall be issued in the name of the registered holder hereof upon the surrender hereof or, where applicable, an appropriate
notation will be made on Schedule 1 attached hereto. Exercise of such repayment option by the holder hereof shall be irrevocable. 
 From and
after any Optional Repayment Date, if monies for the repayment of this Note (or portion hereof) shall have been made available for repayment on such Optional Repayment Date, this Note (or such portion hereof) shall cease to bear interest and the
holder’s only right with respect to this Note (or such portion hereof) shall be to receive payment of the principal amount of the Note being repaid (or, if this is an Original Issue Discount Note as specified in the Pricing Supplement, the
amortized face amount hereof) and, if appropriate, all unpaid interest accrued to such Optional Repayment Date. 
 SECTION 6. Additional
Amounts. All payments of principal, premium, if any, and interest with respect to this Note will be made without withholding or deduction at source for, or on account of, any present or future taxes, fees, duties, assessments, or governmental
charges of whatever nature imposed or levied by the United States or any political subdivision or taxing authority thereof or therein, except to the extent such withholding or deduction is required by (i) the laws (or any regulations or rulings
promulgated thereunder) of the United States or any political subdivision or taxing authority thereof or therein or (ii) an official position regarding the application, administration, interpretation, or enforcement of any such laws,
regulations, or rulings (including, without limitation, a holding by a court of competent jurisdiction or by a taxing authority in the United States or any political subdivision thereof). If so specified in the Pricing Supplement, if a withholding
or deduction at source is required, the Issuer will, subject to the exceptions and limitations set forth below, pay to the beneficial owner of this Note that is a “non-U.S. person” (as defined below) additional amounts (“Additional
Amounts”) to ensure that every net payment on this Note will not be less, due to the payment of U.S. withholding tax, than the amount then otherwise due and payable. For this purpose, a “net payment” on this Note means a
payment by the Issuer or any Paying Agent, including payment of principal and interest, after deduction for any present or future tax, assessment, or other governmental charge of the United States (other than a territory or possession). These
Additional Amounts will constitute additional interest on this Note. For this purpose, “U.S. withholding tax” means a withholding tax of the United States, other than a territory or possession. 
 However, notwithstanding the Issuer’s obligation, if so specified in the Pricing Supplement, to pay Additional Amounts, the Issuer will not be
required to pay Additional Amounts in any of the circumstances described in items (1) through (13) below, unless otherwise specified in the Pricing Supplement. 
 (1) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is imposed or withheld solely by reason of the beneficial owner of
this Note: 
  

	 	•	 	 having a relationship with the United States as a citizen, resident, or otherwise; 

  

	 	•	 	 having had such a relationship in the past; or 

  

 21 

	 	•	 	 being considered as having had such a relationship. 

 (2) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is imposed or withheld solely by reason of the beneficial owner of
this Note: 
  

	 	•	 	 being treated as present in or engaged in a trade or business in the United States; 

  

	 	•	 	 being treated as having been present in or engaged in a trade or business in the United States in the past; 

  

	 	•	 	 having or having had a permanent establishment in the United States; or 

  

	 	•	 	 having or having had a qualified business unit which has the U.S. dollar as its functional currency. 

 (3) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is
imposed or withheld solely by reason of the beneficial owner of this Note being or having been a: 
  

	 	•	 	 personal holding company; 

  

	 	•	 	 foreign personal holding company; 

  

	 	•	 	 private foundation or other tax-exempt organization; 

  

	 	•	 	 passive foreign investment company; 

  

	 	•	 	 controlled foreign corporation; or 

  

	 	•	 	 corporation which has accumulated earnings to avoid U.S. federal income tax. 

 (4) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is
imposed or withheld solely by reason of the beneficial owner of this Note owning or having owned, actually or constructively, 10% or more of the total combined voting power of all classes of the Issuer’s stock entitled to vote. 
 (5) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is
imposed or withheld solely by reason of the beneficial owner of this Note being a bank extending credit under a loan agreement entered into in the ordinary course of business. 
 For purposes of items (1) through (5) above, “beneficial owner” includes, without limitation, a holder and a
fiduciary, settlor, partner, member, shareholder, or beneficiary of the holder if the holder is an estate, trust, partnership, limited liability company, corporation, or other entity, or a person holding a power over an estate or trust administered
by a fiduciary holder. 
  

 22 

 (6) Additional Amounts will not be payable to any beneficial owner of this Note that is: 
  

	 	•	 	 a fiduciary; 

  

	 	•	 	 a partnership; 

  

	 	•	 	 a limited liability company; 

  

	 	•	 	 another fiscally transparent entity; or 

  

	 	•	 	 not the sole beneficial owner of this Note or any portion of this Note. 

 However, this exception to the obligation to pay Additional Amounts will apply only to the extent that a beneficiary or settlor in
relation to the fiduciary, or a beneficial owner, partner, or member of the partnership, limited liability company, or other fiscally transparent entity, would not have been entitled to the payment of an additional amount had the beneficiary,
settlor, beneficial owner, partner, or member received directly its beneficial or distributive share of the payment. 
 (7) Additional Amounts
will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is imposed or withheld solely by reason of the failure of the beneficial owner of this Note or any other person to comply
with applicable certification, identification, documentation, or other information reporting requirements. This exception to the obligation to pay Additional Amounts will apply only if compliance with such requirements is required as a precondition
to exemption from such tax, assessment, or other governmental charge by statute or regulation of the United States or by an applicable income tax treaty to which the United States is a party. 
 (8) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is
collected or imposed by any method other than by withholding from a payment on this Note by the Issuer or any Paying Agent. 
 (9) Additional
Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is imposed or withheld by reason of a change in law, regulation, or administrative or judicial interpretation that
becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later. 
 (10) Additional Amounts
will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge that is imposed or withheld by reason of the presentation by the beneficial owner of this Note for payment more than 30 days
after the date on which such payment becomes due or is duly provided for, whichever occurs later. 
 (11) Additional Amounts will not be
payable if a payment on this Note is reduced as a result of any: 
  

 23 

	 	•	 	 estate tax; 

  

	 	•	 	 inheritance tax; 

  

	 	•	 	 gift tax; 

  

	 	•	 	 sales tax; 

  

	 	•	 	 excise tax; 

  

	 	•	 	 transfer tax; 

  

	 	•	 	 wealth tax; 

  

	 	•	 	 personal property tax; or 

  

	 	•	 	 any similar tax, assessment, or other governmental charge. 

 (12) Additional Amounts will not be payable if a payment on this Note is reduced as a result of any tax, assessment, or other governmental charge required to be withheld by any Paying Agent from a payment of principal
or interest on the this Note if such payment can be made without such withholding by any other Paying Agent. 
 (13) Additional Amounts will
not be payable if a payment on this Note is reduced as a result of any combination of items (1) through (12) above. 
 Except as specifically
provided in this section or in the Pricing Supplement, the Issuer will not be required to make any payment of any tax, assessment, or other governmental charge with respect to this Note imposed by any government, political subdivision, or taxing
authority of that government. 
 For purposes of determining whether the payment of Additional Amounts is required, the term “U.S.
person” means any individual who is a citizen or resident of the United States; any corporation, partnership, or other entity created or organized in or under the laws of the United States; any estate if the income of such estate falls
within the federal income tax jurisdiction of the United States regardless of the source of that income; and any trust if a U.S. court is able to exercise primary supervision over its administration and one or more U.S. persons have the authority to
control all of the substantial decisions of the trust. Additionally, for this purpose, “non-U.S. person” means a person who is not a U.S. person, and “United States” means the United States of America, including
each state of the United States and the District of Columbia, its territories, its possessions, and other areas within its jurisdiction. 
 SECTION 7. Redemption for Tax Reasons. If so specified in the Pricing Supplement, the Issuer may redeem this Note in whole, but not in part, at any time (in the case of Notes other than Floating Rate Notes) or on any Interest Payment
Date (in the case of Floating Rate Notes), after giving not less than 30 nor more than 60 calendar days’ notice to the applicable Paying Agent and to the registered holder of this Note, if the Issuer has or will become obligated to pay
Additional Amounts, as described above, as a result of any change in, or amendment to, the laws or regulations of the United States or any political subdivision or any authority of the United 

  

 24 

 
States having power to tax, or any change in the application or official interpretation of such laws or regulations, which change or amendment becomes
effective on or after the date of the Pricing Supplement, and the Issuer cannot avoid such obligation by taking reasonable measures available to it. 
 Before the Issuer delivers or publishes any notice of redemption for tax reasons, it will deliver to the Trustee and any other applicable Paying Agent an officers’ certificate complying with the applicable
provisions of the Indenture. 
 Unless otherwise specified in the Pricing Supplement, any Note redeemed for tax reasons will be redeemed at
100% of its principal amount (or, in the case of an Original Issue Discount Note, the amortized face amount hereof determined as of the date of redemption), together with any interest accrued up to, but excluding, the redemption date. 
 From and after any redemption date, if monies for the redemption of this Note shall have been made available for redemption on such redemption date, this
Note shall cease to bear interest and the holder’s only right with respect to this Note shall be to receive payment of the principal amount of the Note (or, if this is an Original Issue Discount Note as specified in the Pricing Supplement, the
amortized face amount hereof) and, if appropriate, all unpaid interest accrued to such redemption date. 
 SECTION 8. Modification and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment of the Indenture and the modification of the rights and obligations of the Issuer and the
rights of the holders of the Notes under the Indenture at any time by the Issuer with the consent of the holders of not less than 66 2/3% in aggregate principal amount of the series of Notes of which this Note is a part then outstanding and all other Securities (as defined in the Indenture) then outstanding under the Indenture and affected by such amendment and
modification. The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the series of Notes of which this Note is a part then outstanding and all other Securities then outstanding under the
Indenture and affected thereby, on behalf of the holders of all such Securities, to waive compliance by the Issuer with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or
waiver by the holder of this Note shall be conclusive and binding upon such holder and upon all future holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent or waiver is made upon this Note. The determination of whether particular Securities are “outstanding” will be made in accordance with the Indenture. 
 Any action by the holder of this Note shall bind all future holders of this Note, and of any Note issued in exchange or substitution hereof or in place
hereof, in respect of anything done or permitted by the Issuer or by the Trustee in pursuance of such action. 
 New Notes authenticated and
delivered after the execution of any agreement modifying, amending or supplementing this Note may bear a notation in a form approved by the Issuer as to any matter provided for in such modification, amendment or supplement to the Indenture or the
Notes. New Notes so modified as to conform, in the opinion of the Issuer, to any provisions contained in any such modification, amendment or supplement may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for this
Note. 
  

 25 

 SECTION 9. Obligations Unconditional. No reference herein to the Indenture and no provision of
this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal, premium, if any, and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed. 
 SECTION 10. Successor to Issuer. The Issuer may not consolidate or merge with or into any other person, or convey,
transfer or lease its properties and assets substantially as an entirety to any person, unless (i) the resulting or acquiring entity, if other than the Issuer, is organized and validly existing under the laws of the United States, any state
thereof or the District of Columbia, and shall expressly assume all the Issuer’s obligations under the Indenture; and (ii) immediately after giving effect to such transaction, the Issuer (or any resulting or acquiring entity, if other than
the Issuer) is not in default in the performance of any covenant or condition under the Indenture. 
 Upon consolidation, merger, sale or
transfer as described above, the resulting or acquiring entity shall be substituted for the Issuer in the Indenture with the same effect as if it had been an original party to the Indenture, and the successor entity may exercise the Issuer’s
right and powers under the Indenture. 
 SECTION 11. Authorized Denominations. This Note, and any Note issued in exchange or
substitution herefor or in place hereof, or upon registration of transfer, exchange or partial redemption or repayment of this Note, may be issued only in an Authorized Denomination as specified in the Pricing Supplement, or if no Authorized
Denomination is so specified, in minimum denominations of U.S.$1,000 and any integral multiple of U.S.$1,000 in excess thereof (or equivalent denominations in other currencies, subject to any other statutory or regulatory minimums). 
 SECTION 12. Registration of Transfer. As provided in the Indenture and subject to certain limitations as therein set forth, the transfer of this
Note is registrable in the register maintained by the Security Registrar, upon surrender of this Note for registration of transfer at the office or agency of the Issuer designated by it pursuant to the Indenture, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Issuer and the Trustee or the Security Registrar requiring such written instrument of transfer duly executed by, the registered holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Notes of this series, of Authorized Denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 This Note may be exchanged in whole, but not in part, for security-printed definitive Notes, only under the circumstances described in the Indenture and
(a) if this Note is a global note clearing initially through The Depository Trust Company (“DTC”), DTC notifies the Issuer that it is unwilling or unable to continue as depository for the DTC global note or DTC ceases to be a clearing
agency registered under the United States Securities Exchange Act of 1934, as amended, if so required by applicable law or regulation, and, in either case, a successor depository is not appointed by the Issuer within 90 days after receiving such
notice or becoming aware that DTC is no longer so registered; or (b) in the case of any other registered global note, 

  

 26 

 
if the Issuer is notified that any clearing system through which this Note is cleared and settled has been closed for business for a continuous period of 14
days (other than by reason of holidays, whether statutory or otherwise) after the original issuance of the relevant notes or has announced an intention to cease business permanently or has in fact done so and no alternative clearance system approved
by the applicable noteholders is available; or (c) the Issuer, in its sole discretion, elects to issue definitive registered notes; or (d) after the occurrence of an Event of Default with respect to this Note, beneficial owners
representing a majority in principal amount of the Notes represented by this Note advise the relevant clearing system through its participants to cease acting as a depository for this Note. 
 In any such instance, an owner of a beneficial interest in this Note will be entitled to physical delivery in definitive form of Notes equal in principal
amount to such beneficial interest and to have such Notes registered in its name. Unless otherwise set forth above, Notes so issued in definitive form will be issued in Authorized Denominations only and will be issued in registered form only,
without coupons. 
 Subject to the terms of the Indenture, if the Notes are held in definitive form, a holder may exchange its Notes for
other Notes of the same series in an equal aggregate principal amount and in Authorized Denominations. 
 Notes in definitive form may be
presented for registration of transfer at the office of the Security Registrar or at the office of any transfer agent that the Issuer may designate and maintain. The Security Registrar or the transfer agent will make the transfer or registration
only if it is satisfied with the documents of title and identity of the person making the request. The Issuer may change the Security Registrar or the transfer agent or approve a change in the location through which the Security Registrar or
transfer agent acts at any time, except that the Issuer will be required to maintain a security registrar and transfer agent in each place of payment for the Notes of this series. At any time, the Issuer may designate additional transfer agents for
the Notes of this series. 
 The Issuer will not be required to (a) issue, exchange, or register the transfer of this Note if it has
exercised its right to redeem the Notes of the series of which this Note is a part for a period of 15 calendar days before the redemption date, or (b) exchange or register the transfer of any Notes of the series of which this Note is a part
that were selected, called, or are being called for redemption, except the unredeemed portion of the Notes of the series of which this Note is a part, if being redeemed in part. 
 No service charge shall be made for any such registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Note for registration of transfer, the
Issuer, the Trustee, and any agent of the Issuer or the Trustee may treat the person in whose name this Note is registered as the owner hereof for all purposes, whether not this Note be overdue, and neither the Issuer, the Trustee, nor any such
agent shall be affected by notice to the contrary, except as required by applicable law. 
  

 27 

 [The Notes represented by this global certificate are being issued by means of a book-entry system with
no physical distribution of certificates to be made except as provided in the Indenture. The book-entry system maintained by Euroclear Bank S.A./N.V., as operator of the Euroclear system (“Euroclear”), and/or Clearstream Banking,
société anonyme, Luxembourg (“Clearstream, Luxembourg”), will evidence ownership of the Notes represented by this global certificate, with transfers of ownership effected on the records of Euroclear and Clearstream,
Luxembourg and their participants pursuant to rules and procedures established by Euroclear and Clearstream, Luxembourg and their participants. So long as this Note is registered in the name of the Common Depository or its nominee, the Issuer will
recognize Euroclear and Clearstream, Luxembourg, as the depositories of the Notes represented hereby, as the owner of the Notes represented by this global certificate for all purposes, including payment of principal, premium (if any) and interest,
notices, and voting. 
 Transfers of the Notes represented by this global certificate will be effected through the facilities of Euroclear
and Clearstream, Luxembourg, in accordance with the rules and procedures established by those depositories. The Issuer has no responsibility for any aspect of the records kept by Euroclear and Clearstream, Luxembourg or any of their direct or
indirect participants. The Issuer does not supervise these systems in any way.]4 
 SECTION 13. Events of Default. If an Event of Default (defined in the Indenture as certain events involving the bankruptcy of the Issuer) shall
occur with respect to this Note, the principal of this Note may be declared due and payable in the manner and with the effect provided in the Indenture. THERE IS NO RIGHT OF ACCELERATION PROVIDED IN THE INDENTURE IN CASE OF A DEFAULT IN THE PAYMENT
OF INTEREST ON THIS NOTE OR THE PERFORMANCE OF ANY OTHER COVENANT BY THE CORPORATION. 
 SECTION 14. Defeasance. Unless otherwise
specified in the Pricing Supplement, the provisions of Article Fourteen of the Indenture do not apply to this Note. 
 SECTION 15.
Subordination. The indebtedness of the Issuer evidenced by this Note, including the principal, premium (if any), interest, or other amounts payable (if any), shall be, to the extent set forth in the Indenture, subordinate and junior in right
of payment to its obligation to holders of Senior Indebtedness (as defined in the Indenture), and each holder of this Note, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture. 
 SECTION 16. Specified Currency. Unless otherwise provided herein or in the Pricing Supplement, the principal, premium, if any, and interest on
this Note are payable in the Specified Currency indicated on the face hereof (or, if such Specified Currency is not at the time of such payment legal tender for the payment of public and private debts, in (a) such other coin or currency of the
country that issued such Specified Currency or (b) (if such Specified Currency is the euro) the successor currency under applicable law, in each case as at the time of such payment is legal tender for the payment of debts). 
  

	4	These two paragraphs should be deleted if the Note is a DTC Note. 

  

 28 

 In the event the Specified Currency indicated on the face hereof has been replaced by another currency (a
“Replacement Currency”), any amount due pursuant to this Note may be repaid, at the option of the Issuer, in the Replacement Currency or in U.S. dollars, at a rate of exchange which takes into account the conversion, at the rate prevailing
on the most recent date on which official conversion rates were quoted or set by the national government or other authority responsible for issuing the Replacement Currency, from the Specified Currency to the Replacement Currency and, if necessary,
the conversion of the Replacement Currency into U.S. dollars at the rate prevailing on the date of such conversion. Notwithstanding the foregoing, if this Note originally was issued in a domestic currency of a state that is or subsequently becomes a
Member State of the European Union, then this Note may be redenominated in euro, if subsequent to the issuance of this Note, such state participates in the European monetary union. This Note may be redenominated as a matter of law whether or not the
Pricing Supplement provides for redenomination. 
 If the Specified Currency indicated on the face hereof is other than U.S. dollars
(referred to in this Section 16 as a “Foreign Currency”), the Issuer generally will pay principal, premium (if any), interest and other amounts payable (if any) in the Foreign Currency. Holders of beneficial interests in this Note
through a participant in DTC (other than Euroclear or Clearstream, Luxembourg) will receive payments in U.S. dollars, regardless of the Foreign Currency, unless those holders elect to receive payments on this Note in the Foreign Currency, which
election shall be made pursuant to procedures and arrangements in place between DTC and its participants. DTC shall notify the Trustee of any such election in accordance with arrangements in place between DTC and the Trustee. 
 If holders of beneficial interests in this Note do not elect to receive payments in the Foreign Currency, the Trustee or an affiliate or other agent of
the Trustee performing currency exchange transactions and procedures on its behalf (collectively referred to herein as the “Exchange Agent”) will convert any payments due to those holders of beneficial interests in this Note into U.S.
dollars. The U.S. dollar amount of any such payment shall be the amount of the Foreign Currency otherwise payable converted into U.S. dollars at the applicable exchange rate, determined as described below. All costs of those conversions will be
shared pro rata among the holders of beneficial interests not electing to receive payments in the Foreign Currency in proportion to their respective holdings by deduction from the applicable payments. 
 The conversion described above will be made by the Exchange Agent using the exchange rate for the Foreign Currency into U.S. dollars prevailing as of
11:00 a.m. (New York City time) on the second Business Day (in Charlotte, North Carolina and New York City) prior to the relevant payment date. If the applicable exchange rate quotation is unavailable from the entity or source ordinarily used by the
Exchange Agent in the normal course of business, the Exchange Agent will obtain a quotation from a leading foreign exchange bank in New York City, which may be an affiliate of the Trustee or another entity selected by the Trustee for that purpose
after consultation with the Issuer. If no quotation is available from a leading foreign exchange bank, payment will be made in the applicable Foreign Currency to the account or accounts specified by DTC to the Trustee, unless the applicable Foreign
Currency is unavailable as described below. 
  

 29 

 If the Issuer determines that a payment hereon cannot be made in the Foreign Currency, due to the
imposition of exchange controls or other circumstances beyond the Issuer’s control, or the Foreign Currency is unavailable because that currency is no longer used by the government of the relevant country or for the settlement of transactions
by public institutions of or within the international banking community, such payment will be made in U.S. dollars. The Trustee and/or the London Paying Agent, on receipt of the Issuer’s written instructions and at the Issuer’s expense,
will give prompt notice to the beneficial holders of this Note if such determination is made. The U.S. dollar amount of any payment described in this paragraph shall be the amount of the Foreign Currency otherwise payable converted into U.S. dollars
using the most recently available market exchange rate for the applicable Foreign Currency. 
 Any payment made under such circumstances in
U.S. dollars, where the payment is required to be made in the Foreign Currency, will not constitute an “Event of Default” with respect to this Note. 
 SECTION 17. Original Issue Discount Note. If this Note is identified as an Original Issue Discount Note in the Pricing Supplement, then unless otherwise specified therein, the amount payable to the holder of
this Note in the event of redemption, repayment or acceleration of Maturity will be the Amortized Face Amount of this Note (as defined below) as of the date of such event. The “Amortized Face Amount” shall be the amount equal to
(a) the Issue Price (as set forth in the Pricing Supplement) plus (b) the original issue discount amortized from the Original Issue Date to the date as of which the Amortized Face Amount is calculated, as specified in the Pricing
Supplement. 
 SECTION 18. Dual Currency Note. If this Note is identified as a Dual Currency Note in the Pricing Supplement, the
Issuer has the option of making each scheduled payment of principal and interest, if any, due on this Note either in the Specified Currency designated on the face hereof or in the optional payment currency specified in the Pricing Supplement. If the
Issuer elects to make a payment in the optional payment currency, the amount payable in such optional payment currency shall be determined using the exchange rate specified in the Pricing Supplement, on the terms specified in the Pricing Supplement.

 SECTION 19. Mutilated, Defaced, Destroyed, Lost or Stolen Notes. In case this Note shall at any time become mutilated, defaced,
destroyed, lost or stolen, and this Note or evidence of the loss, theft or destruction hereof satisfactory to the Issuer and the Security Registrar and such other documents or proof as may be required by the Issuer and the Security Registrar shall
be delivered to the Security Registrar, the Security Registrar shall issue a new Note of like tenor and principal amount, having a serial number not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced Note or in
lieu of the Note destroyed, lost or stolen but, in the case of any destroyed, lost or stolen Note, only upon receipt of evidence satisfactory to the Issuer and the Security Registrar that this Note was destroyed, stolen or lost, and, if required,
upon receipt of indemnity satisfactory to the Issuer and the Security Registrar. Upon the issuance of any substituted Note, the Issuer may require the payment of a sum sufficient to cover all expenses and reasonable charges connected with the
preparation and delivery of a new Note. If any Note which has matured or has been redeemed or repaid or is about to mature or to be redeemed or repaid shall become mutilated, defaced, destroyed, lost or stolen, the Issuer may, instead of issuing a
substitute Note, pay or authorize the payment of the same (without surrender 

  

 30 

 
thereof except in the case of a mutilated or defaced Note) upon compliance by the holder with the provisions of this paragraph. 
 SECTION 20. Miscellaneous. No recourse shall be had for the payment of principal of (and premium, if any) or interest on, this Note for any claim
based hereon, or otherwise in respect hereof, against any shareholder, employee, agent, officer or director, as such, past, present or future, of the Issuer or of any successor organization, either directly or through the Issuer or any successor
organization, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released. 
 SECTION 21. Defined Terms. All terms used in this Note which are defined in the Indenture or the
Prospectus and are not otherwise defined in this Note shall have the meanings assigned to them in the Indenture or the Prospectus, as applicable. 
 Unless specified otherwise in the Pricing Supplement, “Business Day” means, a day that meets all the following requirements: 
 (a) for all Notes, is any weekday that is not a legal holiday in New York City or Charlotte, North Carolina, or any other place of payment of the applicable Note, and is not a date on which banking institutions in
those cities are authorized or required by law or regulation to be closed; 
 (b) for any Note where the base rate is LIBOR,
also is a day on which commercial banks are open for business (including dealings in the Index Currency specified in the Pricing Supplement) in London, England; 
 (c) for any Note denominated in euro or any Note where the base rate is EURIBOR, also is a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System or any successor is operating (a “Target Settlement Date”); and 
 (d) for any Note that has a Specified Currency other than U.S. dollars or euro, also is not a day on which banking institutions generally are authorized or obligated by law, regulation, or executive order to close in the Principal Financial
Center of the country of the Specified Currency. 
 Unless specified otherwise in the Pricing Supplement, “Principal Financial
Center” means (i) the capital city of the country issuing the Specified Currency, except that with respect to U.S. Dollars, Australian dollars, Canadian dollars, South African rand and Swiss francs, the “Principal Financial
Center” shall be New York City, Sydney and Melbourne, Toronto, Johannesburg, and Zurich, respectively; and (ii) the capital city of the country to which the Index Currency relates, except that with respect to U.S. Dollars, Australian
dollars, Canadian dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be New York City, Sydney, Toronto, Johannesburg and Zurich, respectively. 
  

 31 

 SECTION 22. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, NOTWITHSTANDING ANY OTHERWISE APPLICABLE CONFLICTS OF LAWS PROVISIONS AND ALL APPLICABLE UNITED STATES FEDERAL LAWS AND REGULATIONS. 
  

 32 

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

					
	TEN COM	  	—	  	as tenants in common
	TEN ENT	  	—	  	as tenants by the entireties
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common

  

					
	UNIF GIFT MIN ACT	 	—	  	                                     
       as Custodian
for                                       
     
	 	 	 	  	 (Cust)                                      
                  (Minor)

			
	 	 	 	  	 Under Uniform Gifts to Minors Act

			
	 	 	 	  	 
                                        
                                        
        

		 		  	                                    
 (State)

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

			
		 		  	 
                                        
    

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

 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	        /         /        	  	  

	 	  	Please print or type name and address, including zip code of assignee

					
	
	  

	the within Note of BANK OF AMERICA CORPORATION and all rights thereunder and does hereby irrevocably constitute and appoint
	

							
	
	  

		 		 	  
	 	Attorney

 to transfer the said Note on the books of the within-named Issuer, with full power of substitution in the premises

  

			
	Dated:                          
		
	SIGNATURE GUARANTEED:	  	  

		  	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of this Note

  

 33 

 Schedule 1 
 SCHEDULE OF TRANSFERS, EXCHANGES AND EXTENSIONS 
 The following increases and decreases in the principal amount of
this Note have been made: 
  

							
	 Date of Transfer,
 Redemption,
 Repayment
or
 Extension, as
 Applicable
	 	 Increase (Decrease) in
 Principal Amount of
 this Note Due
to
 Transfer Among
 Global Notes or
 Redemption,
 Repayment or Non-
 Election of Extension
 of Maturity Date of a
 Portion of Global
 Note, as Applicable
	 	 Principal
 Amount of this Note
 After
Transfer,
 Redemption,
 Repayment or
 Extension, as
 Applicable
	 	 Notation made
 by or on
 behalf of the Issuer

				
	  
	 	  
	 	  
	 	  

				
	  
	 	  
	 	  
	 	  

				
	  
	 	  
	 	  
	 	  

  

 34 

 [EXTENDIBLE NOTE RIDER FOR 
 EXTENSION OF MATURITY AT HOLDER’S OPTION] 
 This Note is an Extendible
Note, whereby the registered holder has the option to extend the Maturity Date of the principal amount of this Note held by such registered holder (whether in whole or in part) for one or more periods, as specified in the Pricing Supplement, up to
but not beyond the Final Maturity Date specified in the Pricing Supplement, under the terms of this Note as supplemented by this Extendible Note Rider. 
 Unless otherwise specified in the Pricing Supplement, the following provisions will apply to this Note: 
 This Note will mature on                     , or if that day is not a Business Day, the immediately preceding Business Day, unless
the Maturity Date of all or any portion of the principal amount of this Note is extended in accordance with the procedures described below. In no event will the Maturity Date of this Note be extended beyond the Final Maturity Date. 
 During the Election Notice Period (as defined below) for each Election Date (as defined below), the registered holder of this Note may elect to extend
the Maturity Date of all or any portion of the principal amount of this Note. If the holder so elects to extend the Maturity Date of all or any portion of the principal amount of this Note, the Maturity Date of the principal amount for which the
election has been made will be extended [to the          day of the              calendar month]5 following the applicable Election Date (each, an “Additional Maturity Date”), up to but not beyond the Final Maturity Date. [If that day is not a Business Day, the Maturity
Date of the applicable principal amount will be extended to the immediately preceding Business Day.]6 The holder may elect to extend the Maturity
Date of all or the applicable portion of the principal amount of this Note having a principal amount of at least [$1,000] or any integral multiple of [$1,000] in excess of [$1,000], provided that the principal amount of any portion of this Note not
so extended shall be at least [$1,000]. 
 [The “Election Dates” will be the
         of each month from, and including,                      to, and including,
                    , whether or not such day is a Business Day.] To make an election effective on any Election Date, the registered holder of
this Note must deliver (a) a notice of election during the Election Notice Period for that Election Date and, in the event of an election to extend the Maturity Date of only a portion of the principal amount of this Note, this Note, or
(b) a facsimile transmission or a letter from a member of a national securities exchange or the Financial Industry Regulatory Authority, Inc. or a commercial bank or a trust company in the United States setting forth the name of the holder of
this Note, the principal amount hereof, the certificate number of this Note or a description of this Note’s tenor or terms, a statement that the option to elect extension of Maturity Date is being exercised thereby, the principal amount hereof
with respect to which such option is being exercised and a guarantee that the notice of 
  

	5	This form of rider contemplates the option to extend maturity of the notes on a monthly basis. If the applicable notes are not extendible monthly, this language will be modified to
reflect semi-annual, quarterly or other periods for extension. 

	6	Modify as necessary for applicable business day convention. 

  

 35 

 
election form included below duly completed and, in the event of an election to extend the Maturity Date of only a portion of the principal amount of this
Note, this Note, will be delivered to the [Trustee] [London Paying Agent] as required hereby. A form of notice of election to extend the Maturity Date is set forth below. 
 The “Election Notice Period” for each Election Date will begin on the                      Business
Day prior to the applicable Election Date, and will end at [12:00 noon, New York City time,] on that Election Date. However, if that Election Date is not a Business Day, the Election Notice Period will be extended to [12:00 noon, New York City
time,] on the next following day that is a Business Day. The election notice must be delivered to the [Trustee] [London Paying Agent] no later than 12:00 noon, New York City time, on the last Business Day in the Election Notice Period. Upon delivery
to the [Trustee] [London Paying Agent] of a notice of election to extend the Maturity Date of the Notes or any portion thereof during any Election Notice Period, that election will be revocable during each day of that Election Notice Period, until
[12:00 noon, New York City time,] on the last Business Day in the applicable Election Notice Period, at which time the notice will become irrevocable. 
 If on any Election Date, the registered holder of this Note does not make a timely or proper election to extend the Maturity Date of all or any portion of the principal amount of this Note, the principal amount of
this Note for which an election has not been made will become due and payable on the Initial Maturity Date, or the applicable Additional Maturity Date to which the Maturity of this Note has previously been extended, as applicable. The principal
amount of this Note for which an election is not exercised will be represented by a non-extendible substitute note, [substantially in the form attached hereto as Annex A,]7 which will be completed by the [Trustee] [London Paying Agent] in consultation with the Issuer, and issued by the [Trustee] [London Paying Agent] in the name of the holder hereof on that Election Date in accordance
with the terms of the Indenture, subject to the delivery of this Note to the [Trustee] [London Paying Agent]. In such a case, Schedule 1 hereto will be annotated as of that Election Date to reflect the corresponding decrease in the principal amount
of this Note. The non-extendible substitute note so issued will have the same terms as this Note, except that such note: 
  

	 	•	 	 will not be extendible; 

  

	 	•	 	 will have a new CUSIP number [and ISIN and Common Code]; and 

  

	 	•	 	 will retain the then-current Maturity Date of this Note. 

 Interest on a non-extendible substitute note will accrue from, and including, the last Interest Payment Date on this Note as to which interest was duly paid or provided by the Issuer. 
 The failure to elect to extend the Maturity Date of all or any portion of this Note will be irrevocable, and will be binding upon any subsequent holder
of this Note or any applicable replacement note. The holder of a non-extendible substitute note received as a consequence of the failure to make such an election may not elect to exchange that non-extendible substitute note for an interest in this
Note. The Issuer and the [Trustee] [London Paying Agent] will deem this 
  

	7	The form of non-extendible substitute note will be annexed to the global note at the time of issuance of notes extendible at the holder’s option. 

  

 36 

 
Note cancelled as to any portion of the principal amount hereof for which a duly completed form of notice of election to extend the Maturity Date and, if
applicable, this Note are not delivered to the [Trustee] [London Paying Agent] within the applicable Election Notice Period in accordance with the terms of this Note. 
 Form of Notice of Election to Extend Maturity Date 
 The undersigned hereby elects to extend the
Maturity Date of the Bank of America Corporation [insert name of specific notes] (CUSIP Number                      [ISIN
                     and Common Code
                    ]) (or the portion thereof specified below) with the effect provided in the Note by surrendering such Note to the [the
Trustee at 101 Barclay Street, New York, New York, 10286] [the London Paying Agent at One Canada Square, London, E14 5AL,], or such other address of which the Issuer shall from time to time notify the registered holders of the Note, in the event of
an election to extend the Maturity Date of only a portion of the principal amount of the Note, together with this form of “Notice of Election to Extend Maturity Date” duly completed by the holder. 
 If the option to extend the Maturity Date of less than the entire principal amount of the Note is elected, specify the portion of the Note (which shall
be [U.S.$1,000] or an integral multiple of [U.S.$1,000] in excess thereof) as to which the holder elects to extend the Maturity Date: [U.S.$]
                    ; and specify the principal amount or amounts (which shall be [$1,000] or an integral multiple of [U.S.$1,000] in excess
thereof) of the non-extendible substitute note or notes, [substantially in the form attached to the Note as Annex A,] to be issued to the holder for the portion of the principal amount of the Note for which the option to extend the Maturity Date is
not being elected (in the absence of any such specification, one non-extendible substitute note, [substantially in the form of Annex A,] will be issued for the portion of the principal amount of the Note as to which the option to extend Maturity
Date is not being made): [U.S.$]                     . 
  

			
	Dated:                     	  	  

		  	[NOTICE: The signature on this Notice of Election to Extend Maturity Date must correspond with the name as written upon the face of the Note in every particular, without alteration or
enlargement or any change whatever.]

  

 37 

 [EXTENDIBLE NOTE RIDER 
 FOR EXTENSION OF MATURITY AT ISSUER’S OPTION] 
 This Note is an Extendible Note, whereby the
Issuer has the option to extend the maturity of this Note for one or more periods, as specified in the Pricing Supplement (each, an “Extension Period”), up to but not beyond the Final Maturity Date specified in the Pricing Supplement,
under the terms of this Note as supplemented by this Extendible Note Rider. 
 Unless otherwise specified in the Pricing Supplement, the
following provisions will apply to this Note: 
 The Issuer may exercise its option with respect hereto by delivery to the [Trustee] [London
Paying Agent] a notice of such exercise at least 45, but not more than 60, calendar days prior to the Stated Maturity Date originally in effect with respect hereto or, if the Stated Maturity Date has already been extended, prior to the maturity date
then in effect (each, an “Extended Maturity Date”). After such receipt and not later than 40 calendar days prior to the Stated Maturity Date or an Extended Maturity Date, as the case may be (each, an “Existing Maturity Date”),
the [Trustee] [London Paying Agent] (or any duly appointed paying agent) will mail by first class mail, postage prepaid, to the registered holder hereof a notice (the “Extension Notice”) relating to such extension period (the
“Extension Period”) setting forth (i) the election of the Issuer to extend the Maturity hereof, (ii) the new Extended Maturity Date, (iii) the interest rate applicable to the Extension Period (which interest rate may be
higher during the Extension Period), and (iv) the provisions, if any, for redemption during the Extension Period, including the date or dates on which, the period or periods during which and the price or prices at which such redemption may
occur during the Extension Period. Upon the mailing by the [Trustee] [London Paying Agent] (or any duly appointed paying agent) of an Extension Notice to the registered holder hereof, the maturity shall be extended automatically as set forth in the
Extension Notice, and, except as modified by the Extension Notice and as described in the next paragraph, this Note will have the same terms as prior to the mailing of such Extension Notice. 
 Notwithstanding the foregoing, not later than 20 calendar days prior to the Existing Maturity Date hereof (or, if such date is not a Business Day, on the
immediately succeeding Business Day), the Issuer, at its option, may revoke the interest rate provided for in the Extension Notice and establish a higher interest rate for the Extension Period by mailing or causing the applicable Paying Agent to
mail notice of such higher interest rate, by first class mail, postage prepaid, to the registered holder hereof. Such notice shall be irrevocable. Thereafter, this Note will bear such higher interest rate for the Extension Period. 
 [If the Issuer elects to extend the maturity hereof, the registered holder hereof will have the option to elect repayment hereof in whole or in part by
the Issuer on the Existing Maturity Date then in effect at a price equal to the principal amount hereof plus any accrued and unpaid interest to such date. In order for this Note to be so repaid on the Existing Maturity Date, the Issuer must receive,
at least 15 days but not more than 30 calendar days prior to the Existing Maturity Date then in effect with respect hereto: (i) this Note with the form “Option to Elect Repayment” below duly completed, or (ii) ) a facsimile
transmission or a letter from a member of a national securities exchange or the Financial Industry Regulatory Authority, Inc. or a commercial bank or a trust company in the United States setting forth the name of the registered 

  

 38 

 
holder hereof, the principal amount hereof to be repaid, the certificate number, or a description of the tenor and terms hereof, a statement that the option
to elect repayment is being exercised thereby, and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” attached hereto, will be received by the [Trustee] [London Paying Agent] not later
than the fifth Business Day after the date of such facsimile transmission or letter; provided, however, that such facsimile transmission or letter shall only be effective if this Note and duly completed form are received by the
[Trustee] [London Paying Agent] by such fifth Business Day. Such option may be exercised by the registered holder hereof for less than the aggregate principal amount hereof then outstanding, provided that the principal amount hereof remaining
outstanding after repayment is at least an Authorized Denomination as specified in the Pricing Supplement, or if no such Authorized Denomination is so specified, [U.S.$1,000] or its equivalent in the applicable Specified Currency, unless otherwise
specified in the Pricing Supplement. 
  

 39 

 [OPTION TO ELECT REPAYMENT] 
 The undersigned hereby irrevocably request(s) and instruct(s) the Issuer to repay this Note (or portion hereof specified below) pursuant to its terms at
a price equal to the principal amount hereof together with interest to the repayment date, to the undersigned, at 

	
	  

	 .

	(Please print or typewrite name and address of the undersigned)

 For this Note to be repaid, [the Trustee must receive at 101 Barclay Street, New York, New York,
10286] [the London Paying Agent must receive at One Canada Square, London, E14 5AL,] or at such other place or places of which the Issuer from time to time shall notify the registered holder of this Note, not less than 30 nor more than 60 calendar
days prior to an Optional Repayment Date, if any, shown in the Pricing Supplement, this Note with this “Option to Elect Repayment” form duly completed. 
 If less than the entire principal amount of this Note is to be repaid, (a) specify the portion hereof which the registered holder elects to have repaid and (b) specify the portion hereof (which shall be a
minimum amount equal to the minimum Authorized Denomination) which is not being repaid (in the absence of any such specification to the contrary, one such Note will be issued for the portion not being repaid). 
  

					
	Date:                                     
    	 	  

		 		 	NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any
change whatever.
		
	Principal amount to be repaid, if amount to be repaid is less than the principal amount of this Note (principal amount remaining must be in the minimum authorized denomination or any
authorized integral multiple in excess thereof):	 	
	[U.S.$]	 	  
	 	
		
	Amount to be Reissued (principal amount remaining must be in the minimum authorized denomination or any authorized integral multiples in excess thereof):	 	
	[U.S.$]	 	  
	 	
			
	[U.S.$]	 	  
	 	

  

 40 

									
	 ̈	 	[Option To Use DTC Tender Procedures]	 		 	Fill in registration of Notes if to be issued otherwise than to the registered holder:
				
	DTC Participant	 		 	Name	 	  

	Number:	 	  
	 		 		 	
	DTC Participant	 		 	Address:	 	  

	Name:	 	  
	 		 		 	
	DTC Participant Telephone	 		 		 	  

	Number:	 	  
	 		 	(Please print name and address including zip code)
				
		 		 		 	SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER
		 		 		 	  

  

 41Indenture

 Exhibit 4.1 
 EXECUTION VERSION 
  
  
  
 ENDO PHARMACEUTICALS HOLDINGS INC.

 1.75% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE APRIL 15, 2015 
  
  
 INDENTURE 
 DATED AS OF APRIL 15, 2008 
  
  
 THE BANK OF NEW YORK, 
 AS TRUSTEE 
  
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE 1
	DEFINITIONS AND INCORPORATION BY REFERENCE
			
	Section 1.01.	  	Definitions	  	1
	Section 1.02.	  	Other Definitions	  	11
	Section 1.03.	  	Trust Indenture Act Provisions	  	12
	Section 1.04.	  	Rules of Construction	  	12
	
	ARTICLE 2
	THE SECURITIES
			
	Section 2.01.	  	Form and Dating	  	13
	Section 2.02.	  	Execution and Authentication	  	14
	Section 2.03.	  	Registrar, Paying Agent and Conversion Agent	  	15
	Section 2.04.	  	Paying Agent to Hold Money in Trust	  	15
	Section 2.05.	  	Securityholder Lists	  	16
	Section 2.06.	  	Transfer and Exchange	  	16
	Section 2.07.	  	Replacement Securities	  	17
	Section 2.08.	  	Outstanding Securities	  	18
	Section 2.09.	  	Treasury Securities	  	18
	Section 2.10.	  	Temporary Securities	  	19
	Section 2.11.	  	Cancellation	  	19
	Section 2.12.	  	Legends; Additional Transfer Requirements	  	19
	Section 2.13.	  	Cusip or ISIN Numbers	  	24
	Section 2.14.	  	[Reserved]	  	25
	Section 2.15.	  	Issuance, Transfer and Exchange of Common Stock Issuable Upon Conversion of the Securities	  	25
	Section 2.16.	  	Additional Securities	  	25
	Section 2.17.	  	Additional Interest	  	26
	
	ARTICLE 3
	PURCHASES OF SECURITIES UPON FUNDAMENTAL CHANGE
			
	Section 3.01.	  	Purchase of Securities at Option of the Holder Upon Fundamental Change	  	26
	Section 3.02.	  	Effect of Fundamental Change Purchase Notice	  	29
	Section 3.03.	  	Deposit of Fundamental Change Purchase Price	  	30
	Section 3.04.	  	Securities Purchased in Part	  	30
	Section 3.05.	  	Compliance with Securities Laws Upon Purchase of Securities	  	31
	Section 3.06.	  	No Fundamental Change Repurchase Following Acceleration	  	31
	Section 3.07.	  	Trustee’s Fundamental Change Purchase Disclaimer	  	31

  

 -i- 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE 4
	PAYMENT OF INTEREST AND ADDITIONAL SHARES
			
	Section 4.01.	  	Interest Payments	  	31
	Section 4.02.	  	Additional Shares	  	32
	
	ARTICLE 5
	CONVERSION
			
	Section 5.01.	  	Conversion Privilege	  	33
	Section 5.02.	  	Conversion Procedure	  	36
	Section 5.03.	  	Fractional Shares	  	38
	Section 5.04.	  	Taxes on Conversion	  	38
	Section 5.05.	  	Payment Upon Conversion	  	38
	Section 5.06.	  	Adjustment of Conversion Price	  	41
	Section 5.07.	  	No Adjustment	  	46
	Section 5.08.	  	Adjustment for Tax Purposes	  	46
	Section 5.09.	  	Temporary Reduction of Conversion Price	  	47
	Section 5.10.	  	Notice of Certain Transactions	  	47
	Section 5.11.	  	Effect of Reclassification, Consolidation, Merger, Binding Share Exchange or Sale on Conversion Privilege	  	47
	Section 5.12.	  	Disclaimer	  	49
	Section 5.13.	  	Limitation on Adjustments	  	49
	Section 5.14.	  	Exchange in Lieu of Conversion	  	49
	
	ARTICLE 6
	SUBORDINATION
			
	Section 6.01.	  	Agreement to Subordinate	  	50
	Section 6.02.	  	Liquidation, Dissolution, Bankruptcy	  	50
	Section 6.03.	  	Default on Senior Indebtedness	  	51
	Section 6.04.	  	Acceleration of Payment of Securities	  	52
	Section 6.05.	  	When Distribution Must Be Paid Over	  	52
	Section 6.06.	  	Subrogation	  	52
	Section 6.07.	  	Relative Rights	  	52
	Section 6.08.	  	Subordination May Not Be Impaired by Company	  	53
	Section 6.09.	  	Rights of Trustee and Paying Agent	  	53
	Section 6.10.	  	Distribution or Notice to Representative	  	53
	Section 6.11.	  	Article 6 Not to Prevent Events of Default or Limit Right to Accelerate	  	53
	Section 6.12.	  	Trust Monies Not Subordinated	  	53
	Section 6.13.	  	Trustee Entitled to Rely	  	54
	Section 6.14.	  	Trustee to Effectuate Subordination	  	54
	Section 6.15.	  	Trustee Not Fiduciary for Holders of Senior Indebtedness	  	54

  

 -ii- 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	Section 6.16.	  	Reliance by Holders of Senior Indebtedness on Subordination Provisions	  	54
	
	ARTICLE 7
	COVENANTS
			
	Section 7.01.	  	Payment of Securities	  	55
	Section 7.02.	  	SEC Reports	  	55
	Section 7.03.	  	[Reserved]	  	56
	Section 7.04.	  	Compliance Certificates	  	56
	Section 7.05.	  	Additional Interest Notice	  	56
	Section 7.06.	  	Rule 144A Information Requirements	  	56
	Section 7.07.	  	Further Instruments and Acts	  	57
	Section 7.08.	  	Maintenance of Corporate Existence	  	57
	Section 7.09.	  	Stay, Extension and Usury Laws	  	57
	Section 7.10.	  	Additional Interest Payable Upon Failure to Report or to Delegend	  	57
	Section 7.11.	  	No Layering of Indebtedness	  	58
	
	ARTICLE 8
	 CONSOLIDATION, MERGER, BINDING SHARE EXCHANGE, CONVEYANCE,
 TRANSFER OR LEASE

			
	Section 8.01.	  	Company May Consolidate, etc., only on Certain Terms	  	58
	Section 8.02.	  	Successor Substituted	  	59
	
	ARTICLE 9
	DEFAULT AND REMEDIES
			
	Section 9.01.	  	Events of Default	  	59
	Section 9.02.	  	Acceleration	  	61
	Section 9.03.	  	Other Remedies	  	62
	Section 9.04.	  	Waiver of Defaults and Events of Default	  	62
	Section 9.05.	  	Control by Majority	  	63
	Section 9.06.	  	Limitations on Suits	  	63
	Section 9.07.	  	Rights of Holders to Receive Payment and to Convert	  	63
	Section 9.08.	  	Collection Suit by Trustee	  	64
	Section 9.09.	  	Trustee May File Proofs of Claim	  	64
	Section 9.10.	  	Priorities	  	64
	Section 9.11.	  	Undertaking for Costs	  	65

  

 -iii- 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE 10
	TRUSTEE
			
	Section 10.01.	  	Duties of Trustee	  	65
	Section 10.02.	  	Rights of Trustee	  	66
	Section 10.03.	  	Individual Rights of Trustee	  	67
	Section 10.04.	  	Trustee’s Disclaimer	  	68
	Section 10.05.	  	Notice of Default or Events of Default	  	68
	Section 10.06.	  	Reports by Trustee to Holders	  	68
	Section 10.07.	  	Compensation and Indemnity	  	68
	Section 10.08.	  	Replacement of Trustee	  	69
	Section 10.09.	  	Successor Trustee by Merger, etc	  	70
	Section 10.10.	  	Eligibility; Disqualification	  	70
	Section 10.11.	  	Preferential Collection of Claims Against Company	  	70
	Section 10.12.	  	Trustee or Agents May Hold Securities	  	70
	
	ARTICLE 11
	SATISFACTION AND DISCHARGE
			
	Section 11.01.	  	Satisfaction and Discharge	  	71
	Section 11.02.	  	Application of Trust Money	  	71
	Section 11.03.	  	Repayment to Company	  	72
	Section 11.04.	  	Reinstatement	  	72
	
	ARTICLE 12
	AMENDMENTS, SUPPLEMENTS AND WAIVERS
			
	Section 12.01.	  	Without Consent of Holders	  	72
	Section 12.02.	  	With Consent of Holders	  	73
	Section 12.03.	  	Compliance with Trust Indenture Act	  	74
	Section 12.04.	  	Revocation and Effect of Consents	  	74
	Section 12.05.	  	Notation on or Exchange of Securities	  	74
	Section 12.06.	  	Trustee to Sign Amendments, etc	  	75
	Section 12.07.	  	Effect of Supplemental Indentures	  	75
	
	ARTICLE 13
	MISCELLANEOUS
			
	Section 13.01.	  	Trust Indenture Act Controls	  	75
	Section 13.02.	  	Notices	  	75
	Section 13.03.	  	Communications by Holders with Other Holders	  	76
	Section 13.04.	  	Certificate and Opinion as to Conditions Precedent	  	76

  

 -iv- 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	Section 13.05.	  	Record Date for Vote or Consent of Securityholders	  	77
	Section 13.06.	  	Rules by Trustee, Paying Agent, Registrar and Conversion Agent	  	77
	Section 13.07.	  	Legal Holidays	  	77
	Section 13.08.	  	Governing Law	  	77
	Section 13.09.	  	No Adverse Interpretation of Other Agreements	  	78
	Section 13.10.	  	No Recourse against Others	  	78
	Section 13.11.	  	Successors	  	78
	Section 13.12.	  	Multiple Counterparts	  	78
	Section 13.13.	  	Severability	  	78
	Section 13.14.	  	Table of Contents, Headings, etc	  	78
	Section 13.15.	  	Force Majeure	  	78
	Section 13.16.	  	Waiver of Jury Trial	  	78
	Schedule 4.02.	  	Additional Shares Table	  	S-1
			
	Exhibit A	  	Form of Security	  	A-1
	Exhibit B	  	Form of Transfer Certificate for Transfer of Restricted Common Stock	  	B-1

  

 -v- 

 THIS INDENTURE, dated as of April 15, 2008, is between Endo Pharmaceuticals Holdings Inc., a
corporation duly organized under the laws of Delaware (the “Company”), and The Bank of New York, a New York banking corporation having its principal office at 101 Barclay Street, Floor 8W, New York, New York 10286, as Trustee (the
“Trustee”). 
 In consideration of the premises and the acquisition of the Securities by the Holders thereof, both parties
agree as follows for the benefit of the other and for the equal and ratable benefit of the registered Holders of the Securities. 
 ARTICLE
1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01. Definitions. 
 “Additional Interest” means any additional interest
payable pursuant to Section 7.10 or Section 9.02(b) hereof. 
 “Affiliate” means, with respect to any specified
person, 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 person means
the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative to the foregoing. 
 “Agent” means any Registrar, Paying Agent or Conversion Agent. 
 “Applicable Procedures” means, with respect to any transfer or exchange of beneficial ownership interests in a Global Security, or to
the delegending of Global Securities or shares of Common Stock, the rules and procedures of the Depositary, in each case to the extent applicable to such transfer, exchange or delegending. 
 “Attributable Debt” in respect of a Sale/Leaseback Transaction means, as at the time of determination, the present value (discounted at
the interest rate implicit in such transaction, determined in accordance with GAAP) of the total obligations of the lessee for net rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction (including any
period for which such lease has been extended or may be, at the option of the lessor, extended). 
 “Board of Directors”
means either the board of directors of the Company or any committee of the Board of Directors specifically authorized to act for it with respect to this Indenture. 
 “Business Day” means each day that is not a Legal Holiday. 
 “Capital
Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, but excluding any debt securities
convertible into such equity. 
  

 -1- 

 “Capitalized Lease Obligations” means an obligation that is required to be classified
and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with GAAP.

 “Cash” or “cash” means such coin or currency of the United States as at any time of payment is legal
tender for the payment of public and private debts. 
 “Certificated Security” means a Security that is in substantially the
form attached hereto as Exhibit A and that does not include the information or the schedule called for by footnotes 1, 3 and 4 thereof. 
 “Closing Sale Price” of the Common Stock means, as of any date of determination, the closing sale price per share (or, if no such closing sale price is reported on such day, the average of the bid and
asked prices or, if more than one in either case, the average of the average bid and the average asked prices) at 4:00 p.m. (New York City time) on such date as reported in composite transactions for the principal U.S. securities exchange on
which the Common Stock is traded or, if the Common Stock is not listed on a U.S. national or regional securities exchange, as reported by Pink Sheets LLC. 
 “Common Stock” means the common stock of the Company, $0.01 par value, as it exists on the date of this Indenture and any shares of any class or classes of Capital Stock of the Company resulting from
any reclassification or reclassifications thereof and which have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which are not subject
to redemption by the Company; provided, however, that, if at any time there shall be more than one such resulting class, the shares of each such class then so issuable on conversion of the Securities shall be substantially in the
proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 
 “Company” means the party named as such in the first paragraph of this Indenture until a successor replaces it pursuant to the
applicable provisions of this Indenture, and thereafter “Company” shall mean such successor. 
 “Continuing
Directors” means, as of any date of determination, any member of the Board of Directors who (a) was a member of the Board of Directors as of the date hereof or (b) was nominated for election or elected to the Board of Directors
with the approval of a majority of the Continuing Directors who were members of the Board of Directors at the time of such nomination or election. 
 “Conversion Period” means, with respect to any Security surrendered for conversion, the forty consecutive Trading Day period beginning on and including the third Trading Day after the related Conversion Date for such
Security; provided that with respect to any Conversion Date occurring during the period beginning on the forty-fifth scheduled Trading Day prior to the Maturity Date and ending at 5:00 p.m. (New York City time), on the second Business Day
immediately prior to the Final Maturity Date, the “Conversion Period” means the first forty Trading Days beginning on and including the forty-second scheduled Trading Day prior to the Maturity Date. 
  

 -2- 

 “Conversion Rate” means, as of any date of determination, an amount equal to $1,000
divided by the then applicable Conversion Price on such date, rounded to the nearest 1/10,000th of a share, for each $1,000 principal amount of the Securities. As of the date hereof and subject to adjustment pursuant to Section 5.06, the
Conversion Rate with respect to the Securities is approximately 34.2466 shares of Common Stock. 
 “Conversion Value” of a
Security means, as of any date of determination, the product of the Closing Sale Price of the Common Stock on such date multiplied by the then current Conversion Rate of such Security on such date. 
 “Corporate Trust Office” means the office of the Trustee at which at any time the trust created by this Indenture shall be administered,
which office at the date of the execution of this Indenture is located at 101 Barclay Street, Floor 8W, New York, New York 10286, Attention: Corporate Trust Administration, or at any other time at such other address as the Trustee may designate
from time to time by notice to the Holders and the Company or the principal 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 Company). 
 “Daily Conversion Value” means, for each of the forty consecutive Trading Days during the Conversion Period, one-fortieth
(1/40th) of the product of (a) the applicable Conversion Rate and (b) the Daily VWAP of the Common Stock on such Trading Day. 
 “Daily Measurement Value” is equal to the Specified Dollar Amount, divided by 40. 
 “Daily Settlement
Amount,” for each $1,000 aggregate principal amount of Securities validly surrendered for conversion, on each of the forty consecutive Trading Days during the Conversion Period, shall consist of: 
 (a) Cash equal to the lesser of the Daily Measurement Value and the Daily Conversion Value for such Trading Day; and 
 (b) to the extent such Daily Conversion Value for such Trading Day exceeds the Daily Measurement Value, a number of shares of Common Stock
equal to the Daily Net Share Settlement Amount. 
 “Daily Net Share Settlement Value” means, to the extent the Daily
Conversion Value exceeds the Daily Measurement Value, (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP of the Common Stock for such Trading Day. 
 “Daily VWAP” for the Common Stock (or any security that is part of the Reference Property into which the Common Stock has been
converted, if applicable) means, for each of the 40 consecutive Trading Days during the Conversion Period, the per share volume-weighted average price on the principal exchange or over-the-counter market on which the Common Stock 

  

 -3- 

 
(or other security) is then listed or traded, as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ENDP.Q <Equity>
AQR” (or its equivalent successor if any such page is not available or the Bloomberg Page for any security that is part of the Reference Property into which the Common Stock has been converted, if applicable) in respect of the period from 9:30
a.m. to 4:00 p.m. (New York City time) on such Trading Day (or if such volume-weighted average price is unavailable (or the Reference Property in question is not a security), the estimated volume-weighted average price of the shares of Common Stock
(or the other Reference Property) on such Trading Day as determined in a reasonable, good faith manner by the Board of Directors using a volume-weighted method) and will be determined without regard to after hours trading or any other trading
outside of the regular trading session. 
 “Default” or “default” means any event which is or, after notice
or passage of time or both, would be an Event of Default. 
 “Designated Senior Indebtedness” of the Company means any
Senior Indebtedness of the Company that, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $25 million and is
specifically designated by the Company in the instrument evidencing or governing such Senior Indebtedness as “Designated Senior Indebtedness” for purposes of this Indenture. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as in
effect from time to time. 
 “Fair Market Value” means with respect to any asset or property, the price which could be
negotiated in an arm’s length, free market transaction, for Cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. For all purposes of this Indenture, Fair
Market Value shall be determined in good faith by the Board of Directors, whose determination will be conclusive and evidenced by a resolution of the Board of Directors. 
 “Final Maturity Date” means April 15, 2015. 
 “GAAP” means generally
accepted accounting principles in the United States of America as in effect as of the date of this Indenture, including those set forth in (1) the opinions and pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants, (2) the statements and pronouncements of the Financial Accounting Standards Board, (3) such other statements by such other entity as approved by a significant segment of the accounting profession and
(4) the rules and regulations of the SEC governing the inclusion of financial statements (including pro forma financial statements) in periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including
opinions and pronouncements in staff accounting bulletins and other official written statements from the accounting staff of the SEC expressing the views of the SEC therein. 
 “Global Security” means a permanent Global Security that is in substantially the form attached hereto as Exhibit A and that
includes the information and schedule called for by footnotes 1, 3 and 4 thereof and which is deposited with the Depositary or its custodian and registered in the name of the Depositary or its nominee. 
  

 -4- 

 “Guarantee” means any obligation, contingent or otherwise, of any Person directly or
indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of
such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise) or
(b) entered into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the
term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. The term “Guarantor” shall mean any Person
Guaranteeing any Indebtedness. 
 “Holder” or “Securityholder” means the person in whose name a Security is
registered on the Primary Registrar’s books. 
 “Incur” means, with respect to any Indebtedness or other obligation of
any Person, to issue, assume, Guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing immediately after the time such Person becomes a Subsidiary (whether by
merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary. The term “Incurrence” when used as a noun shall have a correlative meaning. The accretion of
principal of a non-interest bearing or other discount security shall not be deemed the Incurrence of Indebtedness. 
 “Indebtedness” means, with respect to any Person on any date of determination, without duplication, the following items if and to the extent that any of them (other than items specified under clauses (c), (g), (h) and
(i) below) would appear as a liability or, in the case of clause (f) only, Preferred Stock on the balance sheet of such Person, prepared in accordance with GAAP, on such date: 
 (a) the principal amount of and premium (if any) in respect of indebtedness of such Person for borrowed money; 
 (b) the principal amount of and premium (if any) in respect of obligations of such Person evidenced by bonds, debentures, notes or other similar
instruments; 
 (c) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement
obligations with respect thereto but excluding obligations in respect of letters of credit issued in respect of Trade Payables); 
 (d) all
obligations of such Person to pay the deferred and unpaid purchase price of property or services (except Trade Payables), which purchase price is due more than twelve months after the date of placing such property in service or taking delivery and
title thereto or the completion of such services; 
  

 -5- 

 (e) all Capitalized Lease Obligations and all Attributable Debt of such Person; 
 (f) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person;
provided, however, that the amount of Indebtedness of such Person shall be the lesser of (i) the Fair Market Value of such asset at such date of determination and (ii) the amount of such Indebtedness of such other Persons;

 (g) all obligations of such Person with respect to interest rates, swaps, caps, collar agreements, foreign currency hedges, exchanges and
other similar agreements; 
 (h) all obligations of such Person in respect of a Receivables Facility; and 
 (i) all obligations of the type referred to in clauses (a) through (h) of other Persons and all dividends of other Persons for the payment of
which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guarantee. 
 “Indenture” means this Indenture as amended or supplemented from time to time pursuant to the terms of this Indenture. 
 “Initial Issue Date” means April 15, 2008. 
 “Initial Purchasers”
shall mean Deutsche Bank Securities Inc. and Lazard Capital Markets LLC. 
 “Instrument” means any bond, debenture, note or
other evidence of Indebtedness for money borrowed by the Company or any Significant Subsidiary (all or substantially all of the outstanding voting securities of which are owned, directly or indirectly, by the Company) or any mortgage, indenture or
instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any Significant Subsidiary (all or substantially all of the outstanding voting securities of which are
owned, directly or indirectly, by the Company). 
 “interest”, in respect of the Securities, unless the context otherwise
requires, refers to interest payable on the Securities, including Additional Interest, if any. 
 “Lien” means any mortgage,
pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof). 
 “Market Disruption Event” means the occurrence or existence for more than one half hour period in the aggregate on any scheduled Trading Day for the Common Stock of any suspension or limitation
imposed on trading, by reason of movements in price exceeding limits permitted by NASDAQ or otherwise, in the Common Stock or in any options, contracts or future contracts relating to the Common Stock, and such suspension or limitation occurs or
exists at any time before 1:00 p.m. (New York City time) on such day. 
  

 -6- 

 “NASDAQ” means The NASDAQ Global Select Market. 
 “Officer” means the Chairman or any Co-Chairman of the Board of Directors, any Vice Chairman of the Board of Directors, the Chief
Executive Officer, the President, any Vice President, the Chief Financial Officer, the Controller, the Secretary or any Assistant Controller or Assistant Secretary of the Company. 
 “Officers’ Certificate” means a certificate signed on behalf of the Company by two or more Officers of the Company, one of whom
must be either the principal executive officer, the principal financial officer or the principal accounting officer of the Company, delivered to the Trustee, that meets the requirements of Section 13.04. 
 “Opinion of Counsel” means a written opinion that meets the requirements of Section 13.04 from legal counsel. The counsel may be an
employee of or counsel to the Company. 
 “Person” or “person” means any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Principal” or “principal” of a debt security, including the Securities, means the principal of the security plus, when
appropriate, the premium, if any, on the security. 
 “QIB” means any “qualified institutional buyer” (as defined
in Rule 144A). 
 “Qualifying Fundamental Change” means the occurrence of any of the following: (a) any Change in
Control included in clause (i) or (ii) of the definition of Change in Control or (b) any Termination of Trading, provided that an acquisition, consolidation, merger, binding share exchange or sale, assignment, conveyance,
transfer, lease or other disposition otherwise constituting a Change in Control will not constitute a Qualifying Fundamental Change if at least 90% of the consideration paid for the Common Stock in that transaction, excluding Cash payments for
fractional shares and Cash payments made pursuant to dissenters’ appraisal rights, consists of shares of common stock traded on a U.S. national securities exchange, or will be so traded immediately following the merger, binding share exchange
or consolidation, and, as a result of the merger, binding share exchange or consolidation, the Securities become convertible into such shares of such common stock. 
 “Receivables Facility” means any future receivables financing facilities pursuant to which the Company and/or any of its Significant Subsidiaries sell accounts receivable to a Person that is not a
Significant Subsidiary pursuant to arrangements customary in the industry. 
 “Representative” means the trustee, agent or
representative (if any) for an issue of Senior Indebtedness as identified by the Company to the Trustee pursuant to a written notice from the Company. 
  

 -7- 

 “Restricted Common Stock” means Common Stock issued upon conversion of a Security that
is Transfer Restricted Common Stock. 
 “Restricted Global Security” means a Global Security that is a Transfer Restricted
Security. 
 “Restricted Security Legend” means the legend set forth in Section 2.12(a). 
 “Restricted Stock Legend” means the legend required by Section 2.12(b). 
 “Rule 144A” means Rule 144A under the Securities Act (or any successor provision), as it may be amended from time to time. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired by the Company or any of its
Subsidiaries whereby the Company or any of its Significant Subsidiaries transfers such property to a Person and the Company or such Significant Subsidiary leases it from such Person, other than leases between the Company and a Wholly Owned
Subsidiary or between Wholly Owned Subsidiaries. 
 “SEC” means the United States Securities and Exchange Commission.

 “Securities” means the 1.75% Convertible Senior Subordinated Notes due 2015, or any of them (each, a
“Security”). 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder, as in effect from time to time. 
 “Securities Custodian” means the Trustee, as
custodian with respect to the Securities in global form, or any successor thereto. 
 “Senior Indebtedness” of the Company
means the principal of, premium (if any) and accrued and unpaid interest on (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization of the Company regardless of whether or not a claim for post-filing
interest is allowed in such proceedings) and fees and other amounts owing in respect of all Indebtedness of the Company whether outstanding on the date of this Indenture or thereafter Incurred, unless in the instrument creating or evidencing the
same or pursuant to which the same is outstanding it is provided that such obligations are not superior in right of payment to the Securities; provided, however, that Senior Indebtedness shall not include (a) any obligation of the
Company to any Subsidiary of the Company, (b) any liability for Federal, state, local or other taxes owed or owing by the Company, (c) any accounts payable or other liability to trade creditors arising in the ordinary course of business
(including Guarantees thereof or instruments evidencing such liabilities), (d) any Indebtedness or obligation of the Company (and any accrued and unpaid interest in respect thereof) that by its terms is subordinated or junior in right of
payment to any other Indebtedness or obligation of the Company, including any Senior Subordinated Indebtedness and any Subordinated Obligations or (e) any obligations with respect to any Capital Stock. 
  

 -8- 

 “Senior Subordinated Indebtedness” means the Securities and any other Indebtedness of
the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which
is not Senior Indebtedness. 
 “Settlement Method” means, with respect to a conversion of Securities, the relative
proportions of Cash and/or shares of Common Stock with which such conversion is settled under this Indenture, as elected (or deemed to be elected) by the Company. 
 “Significant Subsidiary” means, in respect of any Person, a Subsidiary of such Person that would constitute a “significant subsidiary” as such term is defined under Rule 1-02(w) of
Regulation S-X under the Securities Act. 
 “Specified Dollar Amount” means the amount of Cash per $1,000 principal amount
of converted Securities specified in the Settlement Notice related to such converted Securities. 
 “Stated Maturity” means,
with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision
providing for the repurchase of such security at the option of the holder thereof upon the happening of any contingency beyond the control of the issuer unless such contingency has occurred). 
 “Subordinated Obligation” means any Indebtedness of the Company (whether outstanding on the Closing Date or thereafter Incurred) that is
subordinate or junior in right of payment to the Securities pursuant to a written agreement. 
 “Subsidiary” means, in
respect of any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to
the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more
Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person. 
 “TIA” means the Trust Indenture Act
of 1939, as amended, and the rules and regulations thereunder as in effect on the date of this Indenture, except to the extent any amendment to the Trust Indenture Act expressly provides for application of the Trust Indenture Act as in effect
on another date. 
 “Trade Payables” means, with respect to any Person, any accounts payable or any indebtedness or monetary
obligation to trade creditors created, assumed or Guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services. 
 “Trading Day” means a day on which (i) there is no Market Disruption Event and (ii) NASDAQ or, if the Common Stock is not
listed on NASDAQ, the principal other U.S. national 

  

 -9- 

 
or regional securities exchange on which the Common Stock is then listed is open for trading or, if the Common Stock is not so listed, any Business Day. A
“Trading Day” only includes those days that have a scheduled closing time of 4:00 p.m. (New York City time) or the then standard closing time for regular trading on the relevant exchange or trading system. 
 “Trading Price” means, on any date of determination with respect to any Security, the average of the secondary bid quotations per
Security obtained by the Conversion Agent for $5,000,000 principal amount of Securities at approximately 3:30 p.m. (New York City time) on such determination date from three independent nationally recognized securities dealers selected by the
Company; provided that, if at least three such bids cannot reasonably be obtained, but two such bids can reasonably be obtained, then the average of these two bids shall be used; provided, further, that, if at least two such
bids cannot reasonably be obtained, but one such bid can reasonably be obtained, this one bid shall be used. If, on any date of determination, the Conversion Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of the
Securities from an independent nationally recognized securities dealer, then the Trading Price of such Securities on such date of determination will be deemed to be less than 98% of the Conversion Value. 
 “Trustee” means the party named as such in the first paragraph of this Indenture until a successor replaces it in accordance with the
provisions of this Indenture and, thereafter, means the successor. 
 “Trust Officer” shall mean, 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, assistant treasurer, 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 is referred because of such person’s knowledge of and familiarity with the particular
subject and who shall have direct responsibility for the administration of this Indenture. 
 “Vice President”, when used
with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 
 “Voting Stock” of a Person means any class or classes of Capital Stock or other interests (including partnership interests) of such
Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof. 
 “Wholly Owned Subsidiary” means a Significant Subsidiary of the Company all the Capital Stock of which (other than directors’ qualifying shares) is owned by the Company or another Wholly Owned
Subsidiary. 
  

 -10- 

 Section 1.02. Other Definitions. 
  

			
	 Term
	  	Defined in Section
	 “Additional Securities”
	  	          2.16(a)
	 “Additional Shares”
	  	          4.02(a)
	 “Agent Members”
	  	          2.01(b)
	 “Bankruptcy Law”
	  	          9.01
	 “Blockage Notice”
	  	          6.03
	 “Change in Control”
	  	          3.01(a)
	 “Company Order”
	  	          2.02
	 “Conversion Agent”
	  	          2.03
	 “Conversion Consideration”
	  	          5.05(a)(iv)
	 “Conversion Date”
	  	          5.02(b)
	 “Conversion Obligation”
	  	          5.05(a)
	 “Conversion Price”
	  	          5.06
	 “Custodian”
	  	          9.01
	 “Daily Conversion Value”
	  	          5.05(a)
	 “Designated Financial Institution”
	  	          5.14
	 “Depositary”
	  	          2.01(a)
	 “DTC”
	  	          2.01(a)
	 “Effective Date”
	  	          4.02(b)
	 “Event of Default”
	  	          9.01
	 “Exchange Election”
	  	          5.14
	 “Expiration Date”
	  	          5.06(d)
	 “Expiration Time”
	  	          5.06(d)
	 “Fundamental Change”
	  	          3.01(a)
	 “Fundamental Change Purchase Date”
	  	          3.01(a)
	 “Fundamental Change Purchase Notice”
	  	          3.01(c)
	 “Fundamental Change Purchase Price”
	  	          3.01(a)
	 “Interest Payment Date”
	  	          4.01(a)
	 “Legal Holiday”
	  	        13.07
	 “Additional Interest Notice”
	  	          7.05
	 “Maximum Conversion Rate”
	  	          4.02(g)
	 “Notice of Conversion”
	  	          5.02(a)
	 “pay the Securities”
	  	          6.03
	 “Paying Agent”
	  	          2.03
	 “Payment Blockage Period”
	  	          6.03
	 “Primary Registrar”
	  	          2.03
	 “Purchased Shares”
	  	          5.06(d)
	 “Quarter”
	  	          5.01(a)
	 “Record Date”
	  	          4.01(a)
	 “Reference Property”
	  	          5.11
	 “Registrar”
	  	          2.03
	 “Resale Restriction Termination Date”
	  	          2.12(a)
	 “Rights Plan”
	  	          5.06(c)
	 “Settlement Notice”
	  	          5.05(a)(iii)
	 “Spin-Off”
	  	          5.06(d)(iii)

  

 -11- 

				
	 Term
	  	Defined in Section	 
	 “Stock Price”
	  	4.02	(a)
	 “Termination of Trading”
	  	3.01	(a)
	 “Transfer Restricted Common Stock”
	  	2.12	(b)
	 “Transfer Restricted Securities”
	  	2.12	(a)
	 “Transforming Transaction”
	  	5.01	(e)
	 “Trigger Event”
	  	5.06	(c)
	 “Triggering Distribution”
	  	5.06	(d)
	 “Unissued Shares”
	  	3.01	(a)
	 “Volume Weighted Average Price”
	  	5.05	(a)

 Section 1.03. Trust Indenture Act Provisions. 
 Whenever this Indenture refers to a provision of the TIA, that provision is incorporated by reference in and made a part of this Indenture. This Indenture
shall also include those provisions of the TIA that would be required to be included herein by the provisions of the Trust Indenture Reform Act of 1990 if this Indenture had been qualified pursuant to the TIA. The following TIA terms used in this
Indenture have the following meanings: 
 “indenture securities” means the Securities; 
 “indenture trustee” means the Trustee; and 
 “obligor” on the Securities means the Company or any other obligor on the Securities. 
 All
other terms used in this Indenture that are defined in the TIA, defined by TIA reference to another statute or defined by any SEC rule and not otherwise defined herein have the meanings assigned to them therein. 
 Section 1.04. Rules of Construction. 
 Unless the context otherwise requires: 
 (A) a term has the meaning assigned to it herein; 
 (B) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (C) words in the singular include the plural, and words in the plural include the singular; 
 (D) provisions apply to successive events and transactions; 
 (E) the term “merger” includes a statutory share exchange, and the term “merged” has a correlative meaning; 
 (F) the masculine gender includes the feminine and the neuter; 
  

 -12- 

 (G) references to agreements and other instruments include subsequent amendments thereto;

 (H) “herein”, “hereof” and other words of similar import refer to this Indenture as a whole and not to any
particular Article, Section or other subdivision; and 
 (I) references to the payments on the Securities shall include Additional
Interest payable hereunder, if any. 
 ARTICLE 2 
 THE SECURITIES 
 Section 2.01. Form and Dating. 
 The Securities and the corresponding Trustee’s certificate of authentication shall be substantially in the respective forms set forth in
Exhibit A, which Exhibit is incorporated in and made part of this Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage. The Company shall provide any such
notations, legends or endorsements to the Trustee in writing. The Securities shall be dated the date of their authentication. 
 (a)
Restricted Global Securities. Securities offered and sold to QIBs in reliance on Rule 144A shall be issued in the form of one or more Restricted Global Securities, substantially in the form of Exhibit A, which shall be deposited
on behalf of the acquirers of the Securities represented thereby with the Trustee, at its Corporate Trust Office, as custodian for the depositary, The Depository Trust Company (“DTC”) (such depositary, or any successor thereto,
being hereinafter referred to as the “Depositary”), and registered in the name of its nominee, Cede & Co., duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal
amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records of the Securities Custodian as hereinafter provided, subject in each case to compliance with the Applicable Procedures. 
 (b) Global Securities in General. Each Global Security shall represent such of the outstanding Securities as shall be specified therein, and
each shall provide that it shall represent the aggregate principal amount of outstanding Securities from time to time endorsed thereon and that the aggregate principal amount of outstanding Securities represented thereby may from time to time be
reduced or increased, as appropriate, to reflect exchanges, redemptions, purchases or conversions of such Securities. Any adjustment of the aggregate principal amount of a Global Security to reflect the amount of any increase or decrease in the
amount of outstanding Securities represented thereby shall be made by the Trustee in accordance with instructions given by the Holder thereof as required by Section 2.12 hereof and shall be made on the records of the Trustee and the Depositary.

 Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect
to any Global Security held on their behalf by the Depositary or under the Global Security, and the Depositary (including, for this purpose, its nominee) may be 

  

 -13- 

 
treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and Holder of such Global Security for all purposes
whatsoever. Notwithstanding the foregoing, nothing herein shall (A) prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the
Depositary or (B) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. 
 (c) Book Entry Provisions. The Company shall execute and the Trustee shall, in accordance with this Section 2.01(c) and
Section 2.02, authenticate and deliver initially one or more Global Securities that (i) shall be registered in the name of Cede & Co. or as otherwise instructed by the Depositary, (ii) shall be delivered by the Trustee to the
Depositary or pursuant to the Depositary’s instructions and (iii) shall bear legends substantially to the following effect: 
 “UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ENDO PHARMACEUTICALS HOLDINGS INC. (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.” 
 Section 2.02. Execution and Authentication. 
 An Officer shall sign the Securities for the Company by manual or facsimile signature. Typographic and other minor errors or defects in any such
facsimile signature shall not affect the validity or enforceability of any Security which has been authenticated and delivered by the Trustee. 
 If an Officer whose signature is on a Security no longer holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless. 
 A Security shall not be valid until an authorized signatory of the Trustee manually or by facsimile signs the certificate of authentication on the
Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall
authenticate and make available for delivery Securities for original issue in the aggregate principal amount of up to $379,500,000 upon receipt of (i) a written order or orders of the Company signed by two Officers of the Company (a
“Company Order”) and delivered to the Trustee, and (ii) an Officers’ Certificate and Opinion of Counsel pursuant to Section 13.04 hereof, if required. Additional Securities may thereafter be issued pursuant to
Section 2.16 hereof. Each Company Order shall specify the amount of Securities to be authenticated, shall provide that all Securities will be represented by a Global Security and the 

  

 -14- 

 
date on which each original issue of Securities is to be authenticated. The Trustee shall have the right to decline to authenticate and deliver any
Securities under this Section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to existing
Holders. 
 The Trustee shall act as the initial authenticating agent. Thereafter, the Trustee may appoint an authenticating agent
acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent shall have the same rights as an Agent to deal with the Company or an Affiliate of the Company. 
 The
Securities shall be issuable only in registered form without coupons and only in denominations of $1,000 principal amount and any integral multiple thereof. 
 Section 2.03. Registrar, Paying Agent and Conversion Agent. 
 The Company shall maintain one or
more offices or agencies in The City of New York where Securities may be presented for registration of transfer or for exchange (each, a “Registrar”) or for conversion (each, a “Conversion Agent”), one or more
offices or agencies where Securities may be presented for payment (each, a “Paying Agent”) and one or more offices or agencies where notices and demands to or upon the Company in respect of the Securities and this Indenture may be
served. One of the Registrars (the “Primary Registrar”) shall keep a register of the Securities and of their transfer and exchange. 
 The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The
Company shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to maintain a Registrar, Paying Agent, or Conversion Agent, or fails to give the foregoing notice, the Trustee
shall act as such. The Company or any Affiliate of the Company may act as Paying Agent (except for the purposes of Article 11). 
 The Company hereby initially designates the Trustee as Paying Agent, Registrar, Securities Custodian and Conversion Agent, and the Corporate Trust Office of the Trustee to be such office or agency of the Company for each of the aforesaid
purposes. 
 Section 2.04. Paying Agent to Hold Money in Trust. 
 Prior to 11:00 a.m. (New York City time) on each due date of the principal of or interest on any Securities, the Company shall deposit with a Paying
Agent a sum sufficient to pay such principal and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the
Trustee all money held by the Paying Agent for the payment of principal of or interest on the Securities and shall notify the Trustee in writing of any default by the Company (or any other obligor on the Securities) in making any such
payment. If the Company or an 

  

 -15- 

 
Affiliate of the Company acts as Paying Agent, it shall, before 11:00 a.m. (New York City time) on each due date of the principal of or interest on any
Securities, segregate the money and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee, and the Trustee may at any time during the continuance of any default, upon
written request to a Paying Agent, require such Paying Agent to pay forthwith to the Trustee all sums so held in trust by such Paying Agent. Upon doing so, the Paying Agent (other than the Company) shall have no further liability for the money.

 Section 2.05. Securityholder Lists. 
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Primary Registrar, the Company shall
furnish to the Trustee at least five Business Days before each semiannual interest payment date, and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the
names and addresses of Holders. 
 Section 2.06. Transfer and Exchange. 
 (a) Subject to compliance with any applicable additional requirements contained in Section 2.12, when a Security is presented to a Registrar with a
request to register a transfer thereof or to exchange such Security for an equal principal amount of Securities of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested; provided,
however, that every Security presented or surrendered for registration of transfer or exchange shall be duly endorsed or accompanied by, if applicable, any legal opinions, certifications or other evidence required by the Company pursuant to
Section 2.12 and, if it is a Certificated Security, an assignment form in the form included in Exhibit A, all in form satisfactory to the Registrar duly executed by the Holder thereof or its attorney duly authorized in writing. To
permit registration of transfers and exchanges, upon surrender of any Security for transfer or exchange at an office or agency maintained pursuant to Section 2.03, the Company shall execute and the Trustee shall authenticate Securities of a
like aggregate principal amount at the Registrar’s request. Any exchange or transfer shall be without charge, except that the Company or the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto; provided that this sentence shall not apply to any exchange pursuant to Section 2.10, 3.04, 5.02(f) or 12.05. 
 None of the Company, any Registrar or the Trustee shall be required to exchange or register a transfer of any Securities or portions thereof in respect of which a Fundamental Change Purchase Notice has been delivered
and not withdrawn by the Holder thereof (except, in the case of the purchase of a Security in part, the portion thereof not to be purchased). 
 All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer
or exchange. 
  

 -16- 

 (b) Any Registrar appointed pursuant to Section 2.03 hereof shall provide to the Trustee such
information as the Trustee may reasonably require in connection with the delivery by such Registrar of Securities upon transfer or exchange of Securities. 
 (c) Each Holder of a Security agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or assignment of such Holder’s Security in violation of any
provision of this Indenture and/or applicable U.S. federal or state securities law. Prior to the due presentment of a registration of a transfer of any Security, the Trustee, any Agent and the Company may deem and treat the Person in whose name any
Security is registered as the absolute owner of such Security for the purpose of all payments with respect to such Securities, and neither the Trustee, any Agent nor the Company shall be affected by notice to the contrary. Neither the Trustee nor
any Agent shall have any responsibility for any actions taken or not taken by the Depositary. 
 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 Security (including any transfers between or among Agent
Members or other beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms
of, this Indenture and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 Section 2.07. Replacement Securities. 
 If any mutilated Security is surrendered to the Company, a Registrar or the
Trustee, or the Company, a Registrar and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company, the applicable Registrar and the Trustee such security or indemnity
as will be required by them to save each of them from any loss they may suffer if a Security is replaced, then, in the absence of written notice to the Company, such Registrar or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute, and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen Security, a new Security of like tenor and
principal amount, bearing a number not contemporaneously outstanding. The Trustee and the Company each may charge such Holder for their expenses in replacing such Security. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, or is about to be redeemed or purchased
by the Company pursuant to Article 3, or converted pursuant to Article 5, the Company in its discretion may, instead of issuing a new Security, pay, redeem, purchase or convert such Security, as the case may be. 
 Upon the issuance of any new Securities under this Section 2.07, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the reasonable fees and expenses of the Trustee or the Registrar) in connection therewith. 
  

 -17- 

 Every new Security issued pursuant to this Section 2.07 in lieu of any mutilated, destroyed, lost or
stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all benefits of this
Indenture equally and proportionately with any and all other Securities duly issued hereunder. 
 The provisions of this Section 2.07
are (to the extent lawful) exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 2.08. Outstanding Securities. 
 Securities outstanding at any time are all Securities authenticated by the Trustee, except for those canceled by it, those purchased pursuant to Article 3, those converted pursuant to Article 5, those delivered to it for cancellation
or surrendered for transfer or exchange and those described in this Section 2.08 as not outstanding. 
 If a Security is replaced
pursuant to Section 2.07, it ceases to be outstanding unless the Company receives, subsequent to the new Security’s authentication, proof satisfactory to the Company that the replaced Security is held by a bona fide purchaser unaware that
such Security has been replaced. 
 If a Paying Agent (other than the Company or an Affiliate of the Company) holds in respect of Securities
on a Fundamental Change Purchase Date or the Final Maturity Date money sufficient to pay the principal of (including premium, if any), and any accrued interest on Securities (or portions thereof) payable on that date, then on and after such
Fundamental Change Purchase Date or the Final Maturity Date, as the case may be, such Securities (or portions thereof, as the case may be) shall cease to be outstanding and any interest on them shall cease to accrue. 
 Subject to the restrictions contained in Section 2.09, a Security does not cease to be outstanding because the Company or an Affiliate of the
Company holds the Security. 
 Section 2.09. Treasury Securities. 
 In determining whether the Holders of the required principal amount of Securities have concurred in any notice, direction, waiver or consent, Securities
owned by the Company or any other obligor on the Securities or by any Affiliate of the Company or of such other obligor shall be disregarded, except that, for purposes of determining whether the Trustee shall be protected in relying on any such
notice, direction, waiver or consent, only Securities which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith shall not be disregarded if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to the Securities and that the pledgee is not the Company or any other obligor on the Securities or any Affiliate of the Company or of such other obligor.

  

 -18- 

 Section 2.10. Temporary Securities. 
 Until definitive Securities are ready for delivery, the Company may prepare and execute, and, upon receipt of a Company Order, the Trustee shall
authenticate and deliver, temporary Securities. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities and as shall be reasonably
acceptable to the Trustee. Every temporary Security shall be executed and registered by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive
Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate and deliver definitive Securities in exchange for temporary Securities. 
 Section 2.11. Cancellation. 
 The
Company at any time may deliver Securities to the Trustee for cancellation. The Registrar, the Paying Agent and the Conversion Agent shall forward to the Trustee or its agent any Securities surrendered to them for transfer, exchange,
redemption, payment or conversion. The Trustee and no one else shall cancel, in accordance with its standard procedures, all Securities surrendered for transfer, exchange, redemption, payment, conversion or cancellation and shall deliver the
canceled Securities to the Company. All Securities which are redeemed, purchased or otherwise acquired by the Company or any of its Subsidiaries prior to the Final Maturity Date shall be delivered to the Trustee for cancellation, and the
Company may not hold or resell such Securities or issue any new Securities to replace any such Securities or any Securities that any Holder has converted pursuant to Article 5. 
 Section 2.12. Legends; Additional Transfer Requirements. 
 (a) Every Security that bears or is required under this Section 2.12(a) to bear the Restricted Security Legend set forth in this Section 2.12(a) (the “Transfer Restricted Securities”) shall
be subject to the restrictions on transfer set forth in Section 2.06 and this Section 2.12(a) (including those set forth in the Restricted Security Legend set forth below), and the Holder of each such Transfer Restricted Security, by such
Holder’s acceptance thereof, agrees to be bound by all such restrictions on transfer. As used in Sections 2.12(a) and 2.12(b), the term “transfer” includes any sale, pledge, transfer or other disposition whatsoever of any Transfer
Restricted Security. The Registrar shall not register any transfer of a Transfer Restricted Security not made in accordance with the restrictions on transfer set forth in this Section 2.12. 
 Subject to the last two paragraphs of this Section 2.12(a), prior to the date upon which the Trustee removes the Restricted Security Legend from any
Security (the “Resale Restriction Termination Date”, which shall have a correlative meaning in respect of any Restricted Common Stock) any certificate evidencing such Security (and all securities issued in exchange therefor or
substitution thereof, including Common Stock, if any, issued upon conversion thereof, which shall bear the legend set forth in Section 2.12(b), if applicable) shall bear a legend in substantially the following form: 
  

 -19- 

 “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 ENDO PHARMACEUTICALS HOLDINGS 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 THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A)
TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, OR 
 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE
SECURITIES ACT, OR 
 (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 CLAUSE
(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 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.” 
 So long as the Securities are represented by Global Securities that are held by or on behalf of the Depositary only, the Company may accomplish any
delegending of such Securities by: 
 (i) instructing the Trustee to remove the Restricted Security Legend from the Securities
and instructing the transfer agent for the Common Stock to remove the Restricted Stock Legend from the Common Stock issued upon conversion of the Securities; 
  

 -20- 

 (ii) notifying Holders of the Securities and Common Stock issued upon conversion of the
Securities that the Restricted Security Legend and Restricted Stock Legend have been removed or deemed removed; 
 (iii)
notifying the Trustee, the transfer agent for the Common Stock and DTC to change the CUSIP number for the Securities and the Common Stock issued upon conversion of the Securities to the applicable unrestricted CUSIP number; and 
 (iv) complying with any Applicable Procedures for delegending; 
 whereupon the Restricted Security Legend shall be deemed removed from any Global Securities without further action on the part of Holders. 
 Any Security (or security issued in exchange or substitution therefor) as to which the restrictions on transfer shall have expired in accordance with their terms or that has been transferred, replaced or exchanged on
or after the Resale Restriction Termination Date or that has been transferred pursuant to a registration statement that has been declared effective under the Securities Act may, upon surrender of such Security to the Registrar for exchange in
accordance with the provisions of this Section 2.12, be exchanged for a new Security or Securities, of like tenor and aggregate principal amount, which shall not bear the Restricted Security Legend required by this Section 2.12(a).

 (b) Every stock certificate representing Common Stock issued upon conversion of a Transfer Restricted Security that bears or is required
under this Section 2.12(b) to bear the Restricted Stock Legend set forth in this Section 2.12(b) (the “Transfer Restricted Common Stock”) shall be subject to the restrictions on transfer set forth in Section 2.06 and
this Section 2.12(b) (including those set forth in the Restricted Stock Legend set forth below), and the Holder of such Common Stock issued upon conversion of a Transfer Restricted Security, by such Holder’s acceptance thereof, agrees to
be bound by all such restrictions on transfer and the further restrictions set forth in Section 2.15. The Company shall not register any transfer of Common Stock issued upon conversion of such a Transfer Restricted Security not made in
accordance with the restrictions on transfer set forth in this Section 2.12. 
 Subject to the last paragraph of this
Section 2.12(b) and Section 2.15 with respect to Common Stock, prior to the Resale Restriction Termination Date, any stock certificate representing Common Stock issued upon conversion of a Transfer Restricted Security shall bear a legend
in substantially the following form, unless such Common Stock has been sold pursuant to a registration statement that has been declared effective under the Securities Act (and which continues to be effective at the time of such issuance) or such
Common Stock has been issued upon conversion of Securities that have been transferred pursuant to a registration statement that has been declared effective under the Securities Act: 
  

 -21- 

 “THIS SECURITY (OR ITS PREDECESSOR) 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 ENDO PHARMACEUTICALS HOLDINGS 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 SECURITY IN RESPECT OF THE CONVERSION OF WHICH THIS SECURITY WAS ISSUED OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND
(Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A) TO THE COMPANY OR ANY OF ITS
SUBSIDIARIES, OR 
 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR

 (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 CLAUSE (2)(D) ABOVE, THE
COMPANY AND THE TRANSFER AGENT 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.” 
  

 -22- 

 Any stock certificate (or security issued in exchange or substitution therefor) as to which such
restrictions on transfer shall have expired in accordance with their terms or that has been transferred, replaced or exchanged on or after the Resale Restriction Termination Date or that has been transferred pursuant to a registration statement that
has been declared effective under the Securities Act may, upon surrender of such stock certificate to the Registrar for exchange in accordance with the provisions of this Section 2.12 and Section 2.15, be exchanged for a new stock
certificate, of like tenor and aggregate number of shares, which shall not bear the Restricted Stock Legend required by this Section 2.12(b). 
 (c) Any Security or Common Stock issued upon the conversion or exchange of a Security that, prior to the date upon which the Company instructs the Trustee to remove the Restricted Security Legend, is purchased or owned by the Company or any
Affiliate thereof may not be resold by the Company or such Affiliate unless registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction that results in such
Security or Common Stock, as the case may be, no longer being “restricted securities” (as defined under Rule 144). 
 (d)
Notwithstanding any provision of Section 2.06 and Section 2.12 to the contrary, in the event Rule 144(d) as promulgated under the Securities Act (or any successor rule) is amended to change the one-year period under Rule 144(d) (or the
corresponding period under any successor rule), from and after receipt by the Trustee of the Officers’ Certificate and Opinion of Counsel provided for in this Section 2.12(d), (i) each reference in Section 2.12(a) to “one
year” and in the Restricted Security Legend set forth in such paragraph to “ONE YEAR” shall be deemed for all purposes hereof to be references to such changed period, (ii) each reference in Section 2.12(b) to “one
year” and in the Restricted Stock Legend set forth in such paragraph to “ONE YEAR” shall be deemed for all purposes hereof to be references to such changed period and (iii) all corresponding references in the Security (including
the definition of Resale Restriction Termination Date) and the Restricted Security Legend thereon shall be deemed for all purposes hereof to be references to such changed period, provided that such changes shall not become effective if they
are otherwise prohibited by, or would otherwise cause a violation of, the then-applicable federal securities laws. The provisions of this Section 2.12(d) shall not be effective until such time as the Opinion of Counsel and Officers’
Certificate have been received by the Trustee hereunder. This Section 2.12(d) shall apply to successive amendments to Rule 144(d) (or any successor rule) changing the holding period thereunder. 
 (e) A Global Security may not be transferred, in whole or in part, to any Person other than the Depositary or a nominee or any successor thereof, and no
such transfer to any such other Person may be registered; provided that the foregoing shall not prohibit any transfer of a Security that is issued in exchange for a Global Security but is not itself a Global Security. No transfer of a
Security to any Person shall be effective under this Indenture or the Securities unless and until such Security has been registered in the name of such Person. Notwithstanding any other provisions of this Indenture or the Securities, transfers
of a Global Security, in whole or in part, shall be made only in accordance with this Section 2.12. 
 (f) The provisions of clauses (i),
(ii), (iii) and (iv) below shall apply only to Global Securities: 
 (i) Notwithstanding any other provisions of
this Indenture or the Securities, a Global Security shall not be exchanged in whole or in part for a Security registered in the name of any Person other than the Depositary or one or more nominees thereof; provided that a Global Security may
be exchanged for Securities registered in the names of any person designated by the Depositary in the event that (A) the Depositary has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or
such Depositary has ceased to be a “clearing agency” registered under the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days or (B) an Event of Default has occurred and is continuing with respect
to the Securities. Any Global Security exchanged pursuant to clause (A) shall be so exchanged in whole and not in part, and any Global Security exchanged pursuant to clause (B) above may be exchanged in whole or from time to time in part
as directed by the Depositary. Any Security issued in exchange for a Global Security or any portion thereof shall be a Global Security; provided that any such Security so issued that is registered in the name of a Person other than the
Depositary or a nominee thereof shall not be a Global Security. 
  

 -23- 

 (ii) Securities issued in exchange for a Global Security or any portion thereof shall be
issued in definitive, fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such authorized
denominations as the Depositary shall designate and shall bear the applicable legends provided for herein. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to any
Global Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount thereof
shall be reduced by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate and deliver the
Security issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof. 
 (iii)
The registered Holder may grant proxies and otherwise authorize any Person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the
Securities. 
 (iv) In the event of the occurrence of any of the events specified in clause (i) above, the Company shall
promptly make available to the Trustee a reasonable supply of Certificated Securities in definitive, fully registered form, without interest coupons. 
 Section 2.13. Cusip or ISIN Numbers. 
 The Company in issuing the Securities may use one or more
“CUSIP” and/or ISIN numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” and/or ISIN numbers in notices of purchase as a convenience to 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 Securities or as contained in any notice of a purchase and that reliance may be placed only on the 

  

 -24- 

 
other identification numbers printed on the Securities, and any such purchase shall not be affected by any defect in or omission of such numbers. The
Company shall promptly notify the Trustee in writing of any change in the “CUSIP” and/or ISIN numbers. 
 Section 2.14.
[Reserved]. 
 Section 2.15. Issuance, Transfer and Exchange of Common Stock Issuable Upon Conversion of the Securities.

 If (i) shares of Common Stock to be issued upon conversion of Securities bearing the Restricted Security Legend are to be registered
in a name other than that of the Holder of such Securities or (ii) shares of Common Stock represented by a certificate bearing the Restricted Stock Legend are transferred subsequently by such Holder, then the Holder must deliver to the transfer
agent for the Common Stock and to the Company a certificate in substantially the form of Exhibit B as to compliance with the restrictions on transfer applicable to such shares of Common Stock and neither the transfer agent nor the registrar
for the Common Stock shall be required to register any transfer of such Common Stock not so accompanied by a properly completed certificate. 
 Section 2.16. Additional Securities. 
 (a) The Company may, from time to time without the consent of the Holders of
outstanding Securities, increase the aggregate principal amount of the Securities by issuing additional Securities in the future pursuant to this Indenture (“Additional Securities”) having terms and conditions identical to those of
the other outstanding Securities, except that Additional Securities may have a different initial date from which interest begins to accrue thereon so that the Additional Securities are fungible with outstanding Securities; provided that no
differences pursuant to this Section 2.16(a) shall cause such Additional Securities to constitute a different class of securities than the Securities issued on the Initial Issue Date for U.S. federal income tax purposes; and provided,
further, that the Additional Securities shall have the same CUSIP number as the Securities issued on the Initial Issue Date. The Securities issued on the Initial Issue Date and any Additional Securities shall be treated as a single class for
all purposes under this Indenture, including waivers, amendments, offers to purchase and U.S. federal income tax purposes. No Additional Securities may be issued if on the issue date therefor any Event of Default has occurred and is continuing.

 (b) With respect to any Additional Securities, the Company shall set forth in an Officers’ Certificate pursuant to a resolution of
the Board of Directors of the Company, copies of which shall be delivered to the Trustee, the following information: 
 (i)
the aggregate principal amount of such Additional Securities to be authenticated and delivered pursuant to this Indenture; 
 (ii) the issue date and the issue price of such Additional Securities; and 
 (iii) whether such Additional
Securities will be subject to transfer restrictions under the Securities Act (or other applicable securities laws). 
  

 -25- 

 In addition, the Company shall deliver to the Trustee an Opinion of Counsel in accordance with Section 13.04 hereof
certifying as to the satisfaction of all conditions precedent to the authentication by the Trustee of such Additional Securities. 
 Section 2.17. Additional Interest. 
 Under certain circumstances, the Company may be obligated to pay Additional
Interest to Holders, as and to the extent set forth in accordance with Section 7.10 and Section 9.02(b) hereof. Any Additional Interest is deemed to be interest for purposes of this Indenture. The Trustee has no duty to determine when
Additional Interest under Section 7.10 or Section 9.02(b) hereof should be paid. 
 ARTICLE 3 
 PURCHASES OF SECURITIES UPON FUNDAMENTAL CHANGE 
 Section 3.01. Purchase of Securities at Option of the Holder Upon Fundamental Change. 
 (a) If at
any time that Securities remain outstanding there shall occur a Fundamental Change, Securities shall be purchased by the Company at the option of the Holders, as of the date of the Company’s choosing that is not less than 20 or more than 35
Business Days after the date on which the Company notifies the Holders of the Securities of the occurrence of the effective time of the Fundamental Change (the “Fundamental Change Purchase Date”) at a purchase price equal to 100% of
the principal amount of the Securities, together with any accrued and unpaid interest to, but excluding, the Fundamental Change Purchase Date (the “Fundamental Change Purchase Price”), payable in Cash, subject to satisfaction by or
on behalf of any Holder of the requirements set forth in subsection (c) of this Section 3.01. Notwithstanding the foregoing, the Company may not purchase the Securities upon the occurrence of a Fundamental Change if the principal
amount of the Securities has been accelerated and such acceleration has not been rescinded on or prior to the Fundamental Change Purchase Date. 
 A “Fundamental Change” shall mean the occurrence of a Change in Control or a Termination of Trading. 
 A
“Change in Control” shall be deemed to have occurred if any of the following occurs after the date hereof: 
 (i) any “person” or “group” (as such terms are defined below) is or becomes the “beneficial owner” (as defined below), directly or indirectly, of shares of Voting Stock of the Company representing 50% or more
of the total voting power of all outstanding classes of Voting Stock of the Company or has the power, directly or indirectly, to elect a majority of the members of the Board of Directors; or 
 (ii) the Company consolidates or enters into a binding share exchange with, or merges with or into, another Person or the Company sells,
assigns, conveys, transfers, 

  

 -26- 

 
leases or otherwise disposes of all or substantially all of the assets of the Company, or any Person consolidates or enters into a binding share exchange
with, or merges with or into, the Company, in any such event other than pursuant to a transaction in which the Persons that “beneficially owned” (as defined below), directly or indirectly, shares of Voting Stock of the Company immediately
prior to such transaction “beneficially own” (as defined below), directly or indirectly, shares of Voting Stock of the Company representing at least a majority of the total voting power of all outstanding classes of Voting Stock of the
surviving or transferee Person; or 
 (iii) a majority of the members of the Board of Directors are not Continuing Directors;
or 
 (iv) the holders of the Capital Stock of the Company approve any plan or proposal for the liquidation or dissolution of
the Company (whether or not otherwise in compliance with the terms hereof). 
 For the purpose of the definition of “Change in
Control”, (i) “person” and “group” have the meanings given such terms under Section 13(d) and 14(d) of the Exchange Act or any successor provision to either of the foregoing, and the term
“group” includes any group acting for the purpose of acquiring, holding, voting or disposing of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act (or any successor provision thereto), (ii) a
“beneficial owner” shall be determined in accordance with Rule 13d-3 under the Exchange Act, as in effect on the date of this Indenture, except that the number of shares of Voting Stock of the Company shall be deemed to include, in
addition to all outstanding shares of Voting Stock of the Company and Unissued Shares deemed to be held by the “person” or “group” (as such terms are defined above) or other Person with respect to which the Change in Control
determination is being made, all Unissued Shares deemed to be held by all other Persons, and (iii) the terms “beneficially owned” and “beneficially own” shall have meanings correlative to that of “beneficial
owner”. The term “Unissued Shares” means shares of Voting Stock not outstanding that are subject to options, warrants, rights to purchase or conversion privileges exercisable within 60 days of the date of determination of
a Change in Control. 
 Notwithstanding anything to the contrary set forth in this Section 3.01, Holders shall not have the right to
require the Company to purchase any Securities under clause (i) or clause (ii) of the definition of “Change in Control” above, and the Company shall not be required to deliver a written notice of a Fundamental Change as a result
of any acquisition, consolidation, merger or binding share exchange or a sale, assignment, conveyance, transfer, lease or other disposition, if at least 90% of the consideration paid for the Common Stock in that transaction, excluding Cash payments
for fractional shares and Cash payments made pursuant to dissenters’ appraisal rights, consists of shares of common stock traded on a U.S. national securities exchange, or that will be so traded immediately following the merger, binding share
exchange or consolidation, and, as a result of the merger, binding share exchange or consolidation, the Securities become convertible into such shares of such common stock. 
 A “Termination of Trading” means that the Common Stock or other securities into which the Securities are convertible are not approved
for listing on a U.S. national securities exchange. 
  

 -27- 

 (b) Within 10 Business Days after the occurrence of a Fundamental Change, the Company shall mail a
written notice of the Fundamental Change to the Trustee and to each Holder (and to beneficial owners as required by applicable law). The notice shall include the form of a Fundamental Change Purchase Notice to be completed by the Holder and
shall state: 
 (i) the date of such Fundamental Change and, briefly, the events causing such Fundamental Change; 

(ii) the date by which the Fundamental Change Purchase Notice pursuant to this Section 3.01 must be given; 
 (iii) the Fundamental Change Purchase Date; 
 (iv) the Fundamental Change Purchase Price; 
 (v) the Holder’s right to require the
Company to purchase the Securities; 
 (vi) briefly, the conversion rights of the Securities; 
 (vii) the name and address of each Paying Agent and Conversion Agent; 
 (viii) the Conversion Price (giving effect to any applicable Additional Shares) and any adjustments thereto; 
 (ix) that Securities as to which a Fundamental Change Purchase Notice has been given may be converted into Cash and Common Stock (if any)
pursuant to Article 5 of this Indenture only to the extent that the Fundamental Change Purchase Notice has been withdrawn in accordance with the terms of this Indenture; 
 (x) the procedures that the Holder must follow to exercise rights under this Section 3.01; 
 (xi) the procedures for withdrawing a Fundamental Change Purchase Notice, including a form of notice of withdrawal; and 
 (xii) that the Holder must satisfy the requirements set forth in the Indenture and the Securities in order to convert the Securities.

 If any of the Securities is in the form of a Global Security, then the Company shall modify such notice to the extent necessary to accord
with the procedures of the Depositary applicable to the repurchase of Global Securities. 
 (c) A Holder may exercise its rights specified in
subsection (a) of this Section 3.01 upon delivery of a written notice (which shall be in substantially the form included in Exhibit A hereto and which may be delivered by letter, overnight courier, hand delivery, facsimile
transmission or in any other manner reasonably acceptable to the Paying Agent and, in the case of Global Securities, may be delivered electronically or by other means in accordance with the Depositary’s customary procedures) of the exercise of
such rights (a “Fundamental Change  

  

 -28- 

 
Purchase Notice”) to any Paying Agent during the period between the mailing of the Fundamental Change Purchase Notice and the close of business
on the second scheduled Trading Day next preceding the Fundamental Change Purchase Date. 
 The delivery of such Security to any Paying Agent
(together with all necessary endorsements) at the office of such Paying Agent shall be a condition to the receipt by the Holder of the Fundamental Change Purchase Price therefor. 
 The Company shall purchase from the Holder thereof, pursuant to this Section 3.01, a portion of a Security if the principal amount of such portion
is $1,000 or an integral multiple of $1,000. Provisions of the Indenture that apply to the purchase of all of a Security pursuant to Section 3.01 through Section 3.04 also apply to the purchase of such portion of such Security.

 Notwithstanding anything herein to the contrary, any Holder delivering to a Paying Agent the Fundamental Change Purchase Notice
contemplated by this subsection (c) shall have the right to withdraw such Fundamental Change Purchase Notice in whole or in a portion thereof that is a principal amount of $1,000 or in an integral multiple thereof at any time prior to
5:00 p.m. (New York City time) on the second scheduled Trading Day next preceding the Fundamental Change Purchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.02. 
 A Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Purchase Notice or written withdrawal thereof.

 Anything herein to the contrary notwithstanding, in the case of Global Securities, any Fundamental Change Purchase Notice may be delivered
or withdrawn and such Securities may be surrendered or delivered for purchase in accordance with the Applicable Procedures as in effect from time to time. 
 Section 3.02. Effect of Fundamental Change Purchase Notice. 
 Upon receipt by any Paying Agent of
the Fundamental Change Purchase Notice specified in Section 3.01(c), the Holder of the Security in respect of which such Fundamental Change Purchase Notice was given shall (unless such Fundamental Change Purchase Notice is withdrawn as
specified below) thereafter be entitled to receive the Fundamental Change Purchase Price with respect to such Security. Such Fundamental Change Purchase Price shall be paid to such Holder promptly following the later of (a) the Fundamental
Change Purchase Date with respect to such Security (provided the conditions in Section 3.01(c) have been satisfied) and (b) the time of delivery of such Security to a Paying Agent by the Holder thereof in the manner required by
Section 3.01(c). Securities in respect of which a Fundamental Change Purchase Notice has been given by the Holder thereof may not be converted into shares of Common Stock pursuant to Article 5 on or after the date of the delivery of
such Fundamental Change Purchase Notice unless such Fundamental Change Purchase Notice has first been validly withdrawn. 
 A Fundamental
Change Purchase Notice may be withdrawn by means of a written notice (which may be delivered by mail, overnight courier, hand delivery, facsimile transmission or in any other manner reasonably acceptable to the Paying Agent and, in the case of
Global 

  

 -29- 

 
Securities, may be delivered electronically or by other means in accordance with the Depositary’s customary procedures) of withdrawal delivered by the
Holder to a Paying Agent at any time prior to 5:00 p.m. (New York City time) on the second scheduled Trading Day immediately preceding the Fundamental Change Purchase Date, specifying the principal amount of the Security or portion thereof
(which must be a principal amount of $1,000 or an integral multiple of $1,000 in excess thereof) with respect to which such notice of withdrawal is being submitted. 
 Section 3.03. Deposit of Fundamental Change Purchase Price. 
 On or before 11:00 a.m. (New
York City time) on the Fundamental Change Purchase Date, the Company shall deposit with the Trustee or with a Paying Agent (other than the Company or an Affiliate of the Company) an amount of money (in immediately available funds if deposited on
such Fundamental Change Purchase Date) sufficient to pay the aggregate Fundamental Change Purchase Price of all the Securities or portions thereof that are to be purchased as of such Fundamental Change Purchase Date. The manner in which the
deposit required by this Section 3.03 is made by the Company shall be at the option of the Company; provided that such deposit shall be made in a manner reasonably acceptable to the Trustee and the Paying Agent such that the Trustee or a
Paying Agent shall have immediately available funds on the Fundamental Change Purchase Date. 
 If a Paying Agent holds, in accordance with
the terms hereof, money sufficient to pay the Fundamental Change Purchase Price of any Security for which a Fundamental Change Purchase Notice has been tendered and not withdrawn in accordance with this Indenture, then, on the Fundamental Change
Purchase Date, such Security shall cease to be outstanding and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Fundamental Change Purchase Price as aforesaid). The Company shall publicly announce
the principal amount of Securities purchased as a result of such Fundamental Change on or as soon as practicable after the Fundamental Change Purchase Date. 
 To the extent that the aggregate amount of Cash deposited by the Company pursuant to this Section 3.03 exceeds the aggregate Fundamental Change Purchase Price of the Securities or portions thereof that the
Company is obligated to purchase, then promptly after the Fundamental Change Purchase Date the Trustee or a Paying Agent, as the case may be, shall return any such excess Cash to the Company. 
 Section 3.04. Securities Purchased in Part. 
 Any Security that is to be purchased only in part shall be surrendered at the office of a Paying Agent, and promptly after the Fundamental Change Purchase Date the Company shall execute and the Trustee shall
authenticate and deliver to the Holder of such Security, without service charge, a new Security or Securities, of such authorized denomination or denominations as may be requested by such Holder, in aggregate principal amount equal to, and in
exchange for, the portion of the principal amount of the Security so surrendered that is not purchased. 
  

 -30- 

 Section 3.05. Compliance with Securities Laws Upon Purchase of Securities. 
 In connection with any offer to purchase Securities under Section 3.01, the Company shall (a) comply with the applicable provisions of
Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act, (b) file the related Schedule TO (or any successor or similar schedule, form or report), if required, under the Exchange Act and
(c) otherwise comply with all federal and state securities laws in connection with such offer to purchase or repurchase Securities, all so as to permit the rights of the Holders and obligations of the Company under Section 3.01 through
Section 3.04 to be exercised in the time and in the manner specified therein. 
 Section 3.06. No Fundamental Change Repurchase
Following Acceleration. 
 No Securities shall be purchased by the Company under Section 3.01 if the principal amount of the
Securities has been accelerated under Section 9.02, and such acceleration has not been rescinded, on or prior to the Fundamental Change Purchase Date. 
 Section 3.07. Trustee’s Fundamental Change Purchase Disclaimer. 
 The Trustee has no duty to
determine when a Fundamental Change has occurred, or when purchases of Securities upon a Fundamental Change under Article 3 should be made. The Trustee shall not be accountable for and makes no representation as to the Fundamental Change Purchase
Price payable in respect of any Fundamental Change. The Trustee shall not be responsible for the Company’s failure to comply with this Article 3. 
 ARTICLE 4 
 PAYMENT OF INTEREST AND ADDITIONAL SHARES 
 Section 4.01. Interest Payments. 
 (a) The Company shall pay interest on the Securities at a rate of 1.75% per annum, payable semi-annually in arrears on April 15 and October 15 of each year (each, an “Interest Payment Date”), or if any such
day is not a Business Day, the immediately following Business Day, commencing October 15, 2008. Interest on a Security shall be paid to the Holder of such Security at the close of business on April 1 or October 1 (each, a
“Record Date”), as the case may be, next preceding the related Interest Payment Date, and shall be computed on the basis of a 360-day year comprised of twelve 30-day months. In the event of the maturity, conversion, or purchase
of a Security by the Company at the option of the Holder, interest shall cease to accrue on such Security. Notwithstanding any other provision of this Indenture, however, the Company shall pay interest on the Final Maturity Date to Holders on the
Record Date immediately preceding the Final Maturity Date in respect of the period ending with the Final Maturity Date regardless of whether such Holders convert their Securities. 
 (b) Upon conversion of a Security, (i) a Holder shall not receive any Cash payment of interest (unless such Holder is the Holder on a Record Date and
such conversion occurs between such Record Date and the Interest Payment Date to which it relates, in which case a Holder on the Record Date shall receive on the Interest Payment Date accrued and unpaid interest) and the 

  

 -31- 

 
Conversion Rate shall not be adjusted to account for accrued and unpaid interest and (ii) except as set forth in clause (c) below, the
Company’s delivery to a Holder of Cash and shares, if any, of Common Stock into which the Security is convertible shall be deemed to satisfy its obligation with respect to such Security, and any accrued but unpaid interest shall be deemed to be
paid in full upon conversion, rather than cancelled, extinguished or forfeited. 
 (c) Securities surrendered for conversion by a
Holder after the close of business on any Record Date but prior to the next Interest Payment Date must be accompanied by payment of an amount equal to the interest that shall be payable on the Securities; provided,
however, that no such payment need be made (1) if the Company has specified a Fundamental Change Purchase Date that is after a Record Date and on or prior to the next Interest Payment Date, (2) with respect to any
Securities surrendered for conversion following the Record Date for the payment of interest immediately preceding the Final Maturity Date or (3) only to the extent of overdue interest, if any overdue interest exists at the time of conversion
with respect to such Securities. 
 Section 4.02. Additional Shares. 
 (a) If a Holder elects to convert its Securities pursuant to Section 5.01(d) hereof in connection with a Qualifying Fundamental Change that occurs
prior to the Final Maturity Date, the Conversion Rate of the Securities being converted by such Holder at that time shall be increased by an additional number of shares of Common Stock (the “Additional Shares”) determined by
reference to the table attached as Schedule 4.02 hereto. For avoidance of doubt, the adjustment provided for in this Section 4.02 shall be made only with respect to the Securities converted in connection with such Qualifying Fundamental Change
and shall not be effective as to any Securities not so converted. 
 (b) For purposes of determining the applicable number of Additional
Shares pursuant to Schedule 4.02: 
 (i) “Effective Date” shall mean the date the Qualifying Fundamental
Change occurs or becomes effective; and 
 (ii) “Stock Price” shall mean: 
 (x) in the case of a Qualifying Fundamental Change described in clause (ii) of the definition of Change in Control in which the
holders of Common Stock receive only Cash in such Qualifying Fundamental Change, the Cash amount paid per share; or 
 (y) in
the case of any other Qualifying Fundamental Change, the average of the last reported Closing Sale Prices of Common Stock over the five consecutive Trading Day period ending on the Trading Day preceding the Effective Date of such Qualifying
Fundamental Change. 
 (c) If the Stock Price is between two Stock Price amounts in the table attached as Schedule 4.02 hereto, the number of
Additional Shares shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Stock Price amounts, based on a 365-day year. 
  

 -32- 

 (d) If the Effective Date falls between two Effective Dates in the table attached as Schedule 4.02
hereto, the number of Additional Shares shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the two dates, based on a 365-day year. 
 (e) No increase in the Conversion Rate shall be made pursuant to this Section 4.02 if the Stock Price (i) exceeds $100.00 per share (subject to
adjustment) or (ii) is less than $24.85 per share (subject to adjustment). 
 (f) The Stock Price figures set forth in the first row of
the table (i.e., column headers) in Schedule 4.02 hereto shall be adjusted as of any date on which the Conversion Price of the Securities is adjusted pursuant to Section 5.06. The Stock Price figures set forth in the table shall be adjusted by
the same adjustment factor applied to the Conversion Price pursuant to Section 5.06. The number of Additional Shares indicated in the table shall be adjusted by the inverse of the adjustment factor applied to the Conversion Price pursuant to
Section 5.06. 
 (g) In no event shall the Conversion Rate be increased to more than 40.2366 shares per $1,000 principal amount of
Securities (the “Maximum Conversion Rate”) pursuant to the events described in this Section 4.02. The Maximum Conversion Rate shall be adjusted as of any date on which the Conversion Price of the Securities is adjusted pursuant
to Section 5.06, by the inverse of the adjustment factor applied to the Conversion Price pursuant to such section. 
 (h) The Company
shall notify Holders of the anticipated Effective Date of a Qualifying Fundamental Change and issue a press release as soon as practicable after the Company first determines the anticipated Effective Date of such Qualifying Fundamental Change.

 ARTICLE 5 
 CONVERSION 
 Section 5.01. Conversion Privilege. 
 (a) Subject to the further provisions of this Article 5 and paragraph 6 of the Securities, a Holder may surrender a Security for conversion at any
time prior to the close of business on October 15, 2014, at the Conversion Price then in effect, if, during any calendar quarter (the “Quarter”) (and only during such Quarter) commencing after June 30, 2008, the Closing
Sale Price of the Common Stock for at least 20 Trading Days in the period of 30 consecutive Trading Days ending on the last Trading Day of the Quarter preceding the Quarter in which the conversion occurs is more than 130% of the Conversion Price of
the Securities in effect on that last Trading Day. 
 (b) Subject to the further provisions of this Article 5 and paragraph 6 of the
Securities, if the Trading Price for the Securities on each Trading Day during any five 

  

 -33- 

 
consecutive Trading Day period was less than 98% of the Closing Sale Price of Common Stock on such date multiplied by the then current Conversion Rate, a
Holder may surrender a Security for conversion, prior to the close of business on October 15, 2014, at the Conversion Price then in effect, at any time during the following five Trading Days; 
 (c) Subject to the further provisions of this Article 5 and paragraph 6 of the Securities, in the event that the Company declares 
 (i) a dividend or distribution of any rights, options or warrants to all or substantially all holders of Common Stock entitling them, for
a period of not more than 60 days, to subscribe for or purchase shares of Common Stock at a price per share less than the Closing Sale Price per share on the record date for such dividend or distribution, or 
 (ii) a dividend or distribution of Cash, debt securities (or other evidences of Indebtedness) or other assets (excluding dividends or
distributions for which a Conversion Price adjustment is required to be made under Section 5.06(a)(i) or (ii) or 5.06(b) hereof) where the Fair Market Value of such dividend or distribution per share of Common Stock, as determined in
this Indenture, together with all other such dividends and distributions within the preceding twelve months, exceeds 10% of the Closing Sale Price of the Common Stock as of the Trading Day immediately prior to the date of declaration for such
dividend or distribution, 
 a Holder may surrender a Security for conversion, prior to the close of business on October 15, 2014, at the Conversion
Price then in effect beginning on the date the Company gives notice to the Holders of such right, which, to the extent practicable, shall not be less than 40 days prior to the ex-dividend time for such dividend or distribution, until the earlier of
the close of business on the Business Day prior to the ex-dividend time or until the Company announces that such distribution shall not take place, provided that Holders may not exercise such right, and the Company shall not be required to
deliver such notice, if such Holders may participate (as a result of holding the Securities, and at the same time as holders of Common Stock participate) in any of the transactions described in either of clauses (i) or (ii) above as if
such Holders held a number of shares of Common Stock equal to the then applicable Conversion Rate, multiplied by the principal amount of Securities held by such Holders, divided by 1,000, without conversion of their Securities; 
 (d) Subject to the further provisions of this Article 5 and paragraph 6 of the Securities, upon the occurrence of a Fundamental Change with respect
to the Company, a Holder may surrender a Security for conversion, prior to the close of business on October 15, 2014, at the Conversion Price then in effect, at any time from or after the date that is 30 days prior to the anticipated effective
time of the Fundamental Change as announced by the Company, which announcement must occur, to the extent practicable, not earlier than 70 days nor later than 30 days prior to such anticipated effective time, until the close of business on the second
scheduled Trading Day immediately preceding the Fundamental Change Purchase Date; 
 (e) Subject to the further provisions of this
Article 5 and paragraph 6 of the Securities, if the Company consolidates or enters into a binding share exchange with, or merges 

  

 -34- 

 
with or into, another Person or sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its properties and assets, in
each case pursuant to which the Common Stock would be converted into Cash, securities and/or other property, a Holder may surrender a Security for conversion, prior to the close of business on October 15, 2014, at the Conversion Price then in
effect, at any time from or after the date that is 30 days prior to the date announced by the Company as the anticipated effective date of the transaction and until and including the date that is 15 days after the date that is the effective date of
such transaction; provided such transaction does not otherwise constitute a Fundamental Change (to which the provisions of Section 5.01(d) shall instead apply) (any such transaction to which this Section 5.01(e) applies, a
“Transforming Transaction”); the Company shall notify Holders of Securities at least 30 days prior to the anticipated effective date of such Transforming Transaction; and 
 (f) Subject to the further provisions of this Article 5 and paragraph 6 of the Securities, at any time after October 15, 2014 and prior to the
close of business on the second Business Day immediately preceding the Final Maturity Date, a Holder may surrender a Security for conversion, at the Conversion Price then in effect, regardless of whether any of the foregoing conditions set forth in
clauses (a) through (e) has been satisfied. 
 (g) Upon request, the Conversion Agent, on behalf of the Company, shall determine
whether the Securities are convertible, and, if the determination is affirmative, shall notify the Trustee and the Company in writing. 
 (h)
The Conversion Agent shall have no obligation to determine the Trading Price of the Securities unless the Company has requested such determination in writing, and the Company shall have no obligation to make such request unless one or more Holders
holding, in the aggregate, at least $1,000,000 in principal amount of Securities, provides the Company with reasonable evidence that the Trading Price of the Securities on any Trading Day would be less than 98% of the product of the then current
Conversion Rate multiplied by the Closing Sale Price of the Common Stock on that date. At such time, the Company shall instruct the Conversion Agent to determine the Trading Price of the Securities beginning on such Trading Day and on each
successive Trading Day until the Trading Price for the Securities is greater than or equal to 98% of the Closing Sale Price of the Common Stock and the then current Conversion Rate. 
 (i) Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security. 
 (j) A Security in respect of which a Holder has delivered a Fundamental Change Purchase Notice pursuant to Section 3.01(c) exercising the
option of such Holder to require the Company to purchase such Security may be converted only if such Fundamental Change Purchase Notice is withdrawn by a written notice of withdrawal delivered to a Paying Agent prior to 5:00 p.m. (New York City
time) on the second scheduled Trading Day immediately preceding the Fundamental Change Purchase Date in accordance with Section 3.02. 
 (k) Securities may be surrendered for conversion only in principal amounts that are integral multiples of $1,000. 
  

 -35- 

 Section 5.02. Conversion Procedure. 
 (a) The right to convert any Security may be exercised only if such holder shall (i) in the case of a Global Security, comply with the Applicable
Procedures of the Depositary in effect at that time and, if required, pay funds equal to interest payable on the next Interest Payment Date to which such holder is not entitled as set forth in Section 4.01(c) and, if required, all transfer or
similar taxes, if any, and (ii) in the case of a Certificated Security, (1) complete and manually sign and deliver an irrevocable notice to the Conversion Agent in the form on the reverse of such Certificated Security (or a facsimile
thereof) (included in Exhibit A hereto) (a “Notice of Conversion”) at the office of the Conversion Agent and state in writing therein the principal amount of Securities to be converted and the name or names (with addresses)
in which such holder wishes the certificate or certificates for any shares of Common Stock, if any, to be delivered upon settlement of the Conversion Obligation to be registered, (2) surrender such Securities, duly endorsed to the Company or in
blank (and accompanied by appropriate endorsement and transfer documents), at the office of the Conversion Agent, (3) if required, pay funds equal to interest payable on the next Interest Payment Date to which such holder is not entitled as set
forth in Section 4.01(c), (4) if required, furnish appropriate endorsements and transfer documents, and (5) if required, pay all transfer or similar taxes, if any, as set forth in Section 5.04. The Trustee (and if different, the
relevant Conversion Agent) shall notify the Company of any conversion pursuant to this Article 5 on the date of such conversion. No Notice of Conversion with respect to any Securities may be surrendered by a holder thereof if such holder has also
delivered a Fundamental Change Repurchase Notice to the Company in respect of such Securities and has not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 3. 
 If more than one Security shall be surrendered for conversion at one time by the same holder, the Conversion Obligation with respect to such Securities,
if any, that shall be payable upon conversion shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted thereby) so surrendered. 
 (b) A Security shall be deemed to have been converted (the “Conversion Date”) immediately prior to the close of business on the date
that the holder has complied with the requirements set forth in Section 5.02(a), if such requirements are satisfied by 11:00 a.m. (New York City time) on that date, or immediately prior to the close of business on the next succeeding business
day if such requirements are satisfied after 11:00 a.m. (New York City time) on that date; provided that if such requirements are satisfied during the period beginning on the forty-fifth scheduled Trading Day prior to the Maturity Date and
ending at 5:00 p.m. (New York City time), on the second Business Day immediately prior to the Final Maturity Date, the “Conversion Date” means the forty-fifth scheduled Trading Day prior to the Maturity Date. 
 (c) If the Company elects to satisfy the Conversion Obligation in respect of the conversion of any Securities solely in shares of Common Stock, the
Company shall cause the Holder of such Securities on the Conversion Date to become the holder of record of the deliverable number of shares of Common Stock constituting the Conversion Consideration on the Conversion Date. If the Company elects to
satisfy the Conversion Obligation in respect of the conversion of any Securities through delivery of a combination of Cash and shares of Common Stock, on each day within the Conversion Period the Company shall cause the Holder 

  

 -36- 

 
of such Securities to become the holder of record of the number of shares of Common Stock deliverable to such Holder in settlement of the Daily Net Share
Settlement Value for such Trading Day. The Company shall pay and deliver, as the case may be, the Cash and/or shares of Common Stock by the third Business Day immediately following the last Trading Day of the Conversion Period, subject to the
provisions of Sections 5.02(h) and 5.02(i), if applicable. If any shares of Common Stock are due to converting Holders of the Securities, the Company shall issue or cause to be issued, and deliver to the Conversion Agent or to such Holder, or such
Holder’s nominee or nominees, certificates or a book-entry transfer through the Depositary for the number of full shares of Common Stock to which such Holder shall be entitled in satisfaction of such Conversion Obligation. 
 (d) In case any Security shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon
the written order of the Holder of the Security so surrendered, without charge to such Holder, a new Security or Securities in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Security.

 (e) Except as provided in Section 5.06, no adjustment shall be made for dividends on any shares issued upon the conversion of any
Security as provided in this Article. 
 (f) Upon the conversion of an interest in a Global Security, the Trustee, or the Custodian at the
direction of the Trustee, shall make a notation on such Global Security as to the reduction in the principal amount represented thereby. The Company shall notify the Trustee in writing of any conversion of Securities effected through any Conversion
Agent other than the Trustee. Upon the surrender of a Certificated Security that is converted in part, the Company shall execute, and the Trustee, upon receipt of an Officers’ Certificate and Opinion of Counsel delivered in accordance with
Section 13.04 hereof shall authenticate and deliver to the Holder, a new Certificated Security equal in principal amount to the unconverted portion of the Certificated Security surrendered. 
 (g) The Person in whose name the certificate for any shares of Common Stock delivered upon conversion is registered shall be treated as a stockholder of
record as of the close of business on the relevant Conversion Date (if the Company elects to satisfy the related Conversion Obligation solely in shares of Common Stock) or the last Trading Day of the related Conversion Period (in the case of any
other Settlement Method), as the case may be. 
 (h) The Company shall not be required to pay or deliver, as the case may be, any Cash or
shares of Common Stock added to the Conversion Obligation as a result of an increase to the Conversion Rate pursuant to Section 4.02 hereof until the Effective Date of the Qualifying Fundamental Change causing such increase has occurred;
provided, however, that, if a Holder surrenders a Security for conversion in connection with an announced Qualifying Fundamental Change and such Qualifying Fundamental Change does not become effective, the Holder shall not receive the
Cash or shares of Common Stock that would have been added to the Conversion Obligation had such Qualifying Fundamental Change become effective. The Company shall deliver the portion of the Conversion Obligation that is payable as a result of any
such increase as soon as practicable, but in no event after the third business day after the later of: 
  

	 	(i)	the Conversion Date; 

  

 -37- 

	 	(ii)	the last Trading Day in the applicable Conversion Period; and 

  

	 	(iii)	the Effective Date of the Qualifying Fundamental Change. 

 (i) Notwithstanding any other provision of this Section 4.02, if at any time the Securities become convertible solely into Cash as the result of a transaction in which the Common Stock is replaced by Reference Property that consists
solely of Cash, the Company shall settle any conversion of Securities subsequent to the effective time of such transaction by delivering, on the seventh Trading Day immediately following the relevant Conversion Date and for each $1,000 aggregate
principal amount of Securities converted, Cash in an amount equal to the Conversion Rate multiplied by the amount of Cash received per share of Common Stock by holders of such Common Stock. 
 Section 5.03. Fractional Shares. 
 The Company shall not issue fractional shares of Common Stock upon conversion of Securities. In lieu thereof, the Company shall deliver a number of shares of Common Stock equal to the aggregate of the fractional shares otherwise
deliverable for each Trading Day during the Conversion Period (rounding down to the nearest whole number) and Cash equal to the remainder multiplied by the Daily VWAP on the last Trading Day of the relevant Conversion Period. 
 Section 5.04. Taxes on Conversion. 
 If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon such conversion. However, the Holder shall pay any such tax which is due
because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificate representing the Common Stock being issued in a name other than the Holder’s name
until the Conversion Agent receives a sum sufficient to pay any tax which shall be due because the shares are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or
regulation. 
 Section 5.05. Payment Upon Conversion. 
 (a) Subject to Section 5.02, upon any conversion of any Security, the Company shall deliver to converting Holders, in respect of each $1,000
principal amount of Securities being converted, solely Cash, solely shares of Common Stock or a combination of Cash and Common Stock, at its election, as set forth in this Section 5.05 (the “Conversion Obligation”). 

(i) All conversions after October 15, 2014 shall be settled using the same Settlement Method. 
 (ii) On or prior to October 15, 2014, the Company shall elect (or be deemed to have elected) the same Settlement Method for all
conversions occurring on any given Conversion Date. Except for any conversions that occur on or after October 15, 2014, the Company need not elect the same Settlement Method with respect to conversions that occur on different Conversion Dates.

  

 -38- 

 (iii) If, in respect of any Conversion Date (or the period beginning on, but excluding,
October 15, 2014 and ending on, and including, the second Business Day immediately preceding the Maturity Date, as the case may be), the Company elects to deliver a notice (the “Settlement Notice”) of the relevant Settlement
Method in respect of such Conversion Date (or such period, as the case may be), the Company, through the Trustee, shall deliver such Settlement Notice to converting Holders no later than the Trading Day immediately following the relevant Conversion
Date. Such Settlement Notice shall specify whether the Company shall satisfy its Conversion Obligation by (A) delivering solely shares of Common Stock, (B) paying solely Cash or (C) paying and delivering, as the case may be, a
combination of Cash and shares of Common Stock. In the case of an election to pay and deliver, as the case may be, a combination of Cash and shares of Common Stock, the relevant Settlement Notice shall indicate the Specified Dollar Amount. With
respect to any Conversion Date on or prior to October 15, 2014, if the Company does not deliver a Settlement Notice by the close of business on the Trading Day immediately following the relevant Conversion Date, the Company shall be deemed to
have elected to deliver a combination of Cash and shares of Common Stock in respect of its Conversion Obligation, and the Specified Dollar Amount shall be deemed to be equal to $1,000. With respect to any Conversion Date after October 15, 2014,
if the Company does not deliver a Settlement Notice on or prior to October 15, 2014, the Company shall be deemed to have elected to deliver a combination of Cash and shares of Common Stock in respect of its Conversion Obligation, and the
Specified Dollar Amount shall be deemed to be equal to $1,000. If, with respect to any Conversion Date, the Company delivers a Settlement Notice electing to pay and deliver, as the case may be, a combination of Cash and shares of Common Stock in
respect of its Conversion Obligation but does not indicate a Specified Dollar Amount in such Settlement Notice, the Specified Dollar Amount shall be deemed to be equal to $1,000. 
 (iv) The consideration in respect of any conversion of Securities shall be computed as follows: 
 (A) if the Company elects to satisfy its Conversion Obligation in respect of such conversion by delivering solely Common Stock, the
Company shall deliver to the converting Holders a number of shares of Common Stock equal to (1) the aggregate principal amount of Securities to be converted, divided by $1,000, multiplied by (2) the then applicable Conversion Rate;

 (B) if the Company elects to satisfy its Conversion Obligation in respect of such conversion by paying solely Cash, the
Company shall pay to the converting Securityholders Cash in an amount per $1,000 principal amount of Securities being converted equal to the sum of the Daily Conversion Values for each of the forty consecutive Trading Days during the related
Conversion Period; and 
 (C) if the Company elects to satisfy its Conversion Obligation in respect of such conversion by
paying and delivering, as the case may be, a combination of Cash and 

  

 -39- 

 
shares of Common Stock, if any, the Company shall pay and deliver, as the case may be, in respect of each $1,000 principal amount of Securities being
converted, a Conversion Obligation equal to the sum of the Daily Settlement Amounts for each of the forty consecutive Trading Days during the related Conversion Period. 
 (v) The Company shall also deliver to each converting Holder of the Securities Cash in lieu of fractional shares of Common Stock as set
forth pursuant to Section 5.03. 
 (vi) The Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if
applicable) shall be determined by the Company promptly following the last day of the Conversion Period. Promptly after such determination of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of Cash
deliverable in lieu of fractional shares (if any), the Company shall notify the Trustee and the Conversion Agent of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of Cash deliverable in lieu of
fractional shares of Common Stock. The Trustee and the Conversion Agents shall have no responsibility for any such determination. 
 (b) The
Company shall, prior to the issuance of any Securities hereunder, and from time to time as may be necessary, reserve at all times and keep available, free from preemptive rights, out of its authorized but unissued Common Stock, a sufficient number
of shares of Common Stock deliverable upon conversion of all of the Securities. 
 (c) All shares of Common Stock that may be issued upon
conversion of the Securities shall be duly authorized, validly issued, fully paid and nonassessable and shall be free of any preemptive rights and free of any lien or adverse claim. 
 (d) The Company shall endeavor to comply with all applicable securities laws regulating the offer and delivery of any Common Stock upon conversion of
Securities and shall list or cause to have quoted such shares of Common Stock on each national or regional securities exchange or other over-the-counter market or such other market on which the Common Stock is then listed or quoted; provided,
however, that, if the rules of such automated quotation system or exchange permit the Company to defer the listing of such Common Stock until the first conversion of the Securities into Common Stock in accordance with the provisions of
this Indenture, the Company covenants to list such Common Stock issuable upon conversion of the Securities in accordance with the requirements of such automated quotation system or exchange at such time. Any Common Stock issued upon conversion of a
Security hereunder which at the time of conversion was a Transfer Restricted Security shall also be a Transfer Restricted Security. 
 (e)
Notwithstanding anything herein to the contrary, nothing herein shall give to any Holder any rights as a creditor in respect of its right to conversion. 
  

 -40- 

 Section 5.06. Adjustment of Conversion Price. 
 The conversion price as stated in paragraph 6 of the Securities (the “Conversion Price”) shall be adjusted from time to time by the
Company as follows: 
 (a) In case the Company shall (i) pay a dividend on its Common Stock in shares of Common Stock, (ii) make a
distribution on its Common Stock in shares of Common Stock, (iii) subdivide its outstanding Common Stock into a greater number of shares, or (iv) combine its outstanding Common Stock into a smaller number of shares, the Conversion Price in
effect immediately prior thereto shall be adjusted so that the Holder of any Security thereafter surrendered for conversion shall be entitled to receive that number of shares of Common Stock which it would have owned had such Security been converted
immediately prior to the record date of such event or the happening of such event (assuming such Security were convertible solely into shares of Common Stock, based on the relevant Conversion Price, rather than Cash or Cash and Common Stock as set
forth in Section 5.05). An adjustment made pursuant to this subsection (a) shall become effective immediately after the record date in the case of a dividend or distribution and shall become effective immediately after the
effective date in the case of subdivision or combination. 
 (b) In case the Company shall issue rights or warrants to all or substantially
all holders of its Common Stock entitling them for a period of not more than 60 days to subscribe for or purchase shares of Common Stock (or securities convertible into Common Stock) at a price per share (or having a conversion price per share) less
than the Closing Sale Price per share of the Common Stock on the Trading Day immediately preceding the “ex” date for the issuance, the Conversion Price in effect immediately prior thereto shall be adjusted so that the same shall equal the
price determined by multiplying the Conversion Price in effect immediately prior to such Trading Day immediately preceding the “ex” date by a fraction of which the numerator shall be the number of shares of Common Stock outstanding on such
Trading Day immediately preceding the “ex” date plus the number of shares which the aggregate offering price of the total number of shares of Common Stock so offered (or the aggregate conversion price of the convertible securities so
offered, which shall be determined by multiplying the number of shares of Common Stock issuable upon conversion of such convertible securities by the conversion price per share of Common Stock pursuant to the terms of such convertible securities)
would purchase at the Closing Sale Price per share of the Common Stock on such Trading Day immediately preceding the “ex” date, and of which the denominator shall be the number of shares of Common Stock outstanding on such Trading Day
immediately preceding the “ex” date plus the number of additional shares of Common Stock offered (or into which the convertible securities so offered are convertible). Such adjustment shall be made successively whenever any such
rights or warrants are issued and shall become effective immediately after such Trading Day immediately preceding the “ex” date. If at the end of the period during which such rights or warrants are exercisable not all rights or
warrants shall have been exercised or distributed, the adjusted Conversion Price shall be immediately readjusted to what it would have been based upon the number of additional shares of Common Stock actually issued (or the number of shares of Common
Stock issuable upon conversion of convertible securities actually issued). 
 (c) In case the Company shall distribute to all or
substantially all holders of its Common Stock any shares of capital stock of the Company (other than Common Stock), 

  

 -41- 

 
evidences of Indebtedness or other non-Cash assets (including securities of any person other than the Company but excluding (1) dividends or
distributions paid exclusively in Cash referred to in subsection (d)(1) of this Section 5.06, (2) dividends or distributions referred to in subsection (a)(i) or (ii) of this Section 5.06 or (3) distributions of shares
of the capital stock of any the Company’s subsidiaries referred to in subsection (d)(3) of this Section 5.06, or shall distribute to all or substantially all holders of its Common Stock rights or warrants to subscribe for or purchase any
of its securities (excluding those rights and warrants referred to in subsection (b) of this Section 5.06 and also excluding the distribution of rights to all holders of Common Stock pursuant to the adoption of a stockholder rights
plan or the detachment of such rights under the terms of such stockholder rights plan), then in each such case the Conversion Price shall be adjusted so that the same shall equal the price determined by multiplying the current Conversion Price by a
fraction of which the numerator shall be the Closing Sale Price per share of the Common Stock on the record date mentioned below less the Fair Market Value on such record date of the portion of the capital stock, evidences of indebtedness or other
non-Cash assets so distributed or of such rights or warrants applicable to one share of Common Stock (determined on the basis of the number of shares of Common Stock outstanding on the record date), and of which the denominator shall be the Closing
Sale Price of the Common Stock on such record date. Such adjustment shall be made successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of shareholders entitled to
receive such distribution. 
 In the event the then Fair Market Value (as so determined) of the portion of the capital stock, evidences of
Indebtedness or other non-Cash assets so distributed or of such rights or warrants applicable to one share of Common Stock is equal to or greater than the Closing Sale Price of the Common Stock on such record date, in lieu of the foregoing
adjustment, adequate provision shall be made so that each holder of a Security shall have the right to receive upon conversion the amount of capital stock, evidences of indebtedness or other non-Cash assets so distributed or of such rights or
warrants such holder would have received had such holder converted each Security on such record date. In the event that such dividend or distribution is not so paid or made, the Conversion Price shall again be adjusted to be the Conversion
Price which would then be in effect if such dividend or distribution had not been declared. If the Board of Directors determines the Fair Market Value of any distribution for purposes of this Section 5.06(c) by reference to the actual
or when issued trading market for any securities, it must in doing so consider the prices in such market over the same period used in computing the Closing Sale Price of the Common Stock. 
 In the event that the Company implements a preferred shares rights plan (“Rights Plan”), upon conversion of the Securities into Common
Stock, to the extent that the Rights Plan has been implemented and is still in effect upon such conversion, the Holders of Securities shall receive, in addition to the Common Stock, the rights described therein (whether or not the rights have
separated from the Common Stock at the time of conversion), subject to the limitations set forth in the Rights Plan. Any distribution of rights or warrants pursuant to a Rights Plan complying with the requirements set forth in the immediately
preceding sentence of this paragraph shall not constitute a distribution of rights or warrants pursuant to this Section 5.06(c). 
 Rights or warrants distributed by the Company to all or substantially all holders of Common Stock entitling the holders thereof to subscribe for or purchase shares of the 

  

 -42- 

 
Company’s Capital Stock (either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events
(“Trigger Event”): (i) are deemed to be transferred with such shares of Common Stock; (ii) are not exercisable; and (iii) are also issued in respect of future issuances of Common Stock, shall be deemed not to
have been distributed for purposes of this Section 5.06 (and no adjustment to the Conversion Price under this Section 5.06 will be required) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be
deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Price shall be made under this Section 5.06(c). If any such right or warrant, including any such existing rights or warrants distributed
prior to the date of this Indenture, are subject to events, upon the occurrence of which such rights 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 record date with respect to new rights or warrants with such rights (and a termination or expiration of the existing rights or warrants without exercise by any of the holders
thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted for purposes of
calculating a distribution amount for which an adjustment to the Conversion Price under this Section 5.06 was made, (1) in the case of any such rights or warrants which shall all have been redeemed or repurchased without exercise by any
holders thereof, the Conversion Price shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a Cash distribution, equal to the per share redemption or
repurchase price received by a holder or holders of Common Stock with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders of Common Stock as of the date of such redemption or
repurchase, and (2) in the case of such rights or warrants which shall have expired or been terminated without exercise by any holders thereof, the Conversion Price shall be readjusted as if such rights and warrants had not been issued.

 (d)(1) In case the Company shall, by dividend or otherwise, at any time distribute (a “Triggering Distribution”) to all
or substantially all holders of its Common Stock Cash dividends and other Cash distributions (other than (x) distributions described in Section 5.06(d)(2) below or (y) any dividend or distribution in connection with liquidation,
dissolution or winding up), the Conversion Price shall be reduced so that the same shall equal the price determined by multiplying such Conversion Price in effect on the Trading Day immediately preceding the “ex” date with respect to such
Cash dividend or distribution by a fraction of which the numerator shall be the Closing Sales Price of the Common Stock as of the Trading Day immediately preceding the “ex” date with respect to the dividend or distribution less the amount
of Cash dividend or other Cash distribution applicable to one share of the Common Stock, and the denominator shall be such Closing Sale Price of the Common Stock as of the Trading Day immediately preceding the “ex” date with respect to the
dividend or distribution, such decrease to become effective immediately prior to the opening of business on the day following the date on which the Triggering Distribution is paid; provided, however, that, in the event the portion of
the Triggering Distribution applicable to one share of Common Stock is equal to or greater than the Closing Sale Price on such record date, in lieu of the foregoing adjustment, adequate provision shall be made so that each Holder shall have the
right to receive upon conversion the amount of Cash such Holder would have received had such Holder converted each Security on 

  

 -43- 

 
such record date. In the event that such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the
Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 (2) In case any tender
offer made by the Company or any of its Subsidiaries for Common Stock shall expire and such tender offer (as amended upon the expiration thereof) shall involve the payment of aggregate consideration in an amount (determined as the sum of the
aggregate amount of Cash consideration and the aggregate Fair Market Value of any other consideration) that exceeds an amount equal to the Closing Sale Price of Common Stock as of the last date (the “Expiration Date”) tenders could
have been made pursuant to such tender offer (as it may be amended) (the last time at which such tenders could have been made on the Expiration Date is hereinafter sometimes called the “Expiration Time”), then, immediately prior to
the opening of business on the day after the Expiration Date, the Conversion Price shall be reduced so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately prior to the close of business on the
Expiration Date by a fraction of which the numerator shall be the product of the number of shares of Common Stock outstanding (including tendered shares but excluding any shares held in the treasury of the Company) immediately before the Expiration
Time multiplied by the Closing Sale Price of the Common Stock on the Trading Day next succeeding the Expiration Date and the denominator shall be the sum of (x) the aggregate consideration (determined as aforesaid) payable to stockholders based
on the acceptance (up to any maximum specified in the terms of the tender offer) of all shares validly tendered and not withdrawn as of the Expiration Time (the shares deemed so accepted, up to any such maximum, being referred to as the
“Purchased Shares”) and (y) the product of the number of shares of Common Stock outstanding (less any Purchased Shares and excluding any shares held in the treasury of the Company) immediately before the Expiration Time and the
Closing Sale Price of Common Stock on the Trading Day next succeeding the Expiration Date, such reduction to become effective immediately prior to the opening of business on the day following the Expiration Date. In the event that the Company
is obligated to purchase shares pursuant to any such tender offer, but the Company is permanently prevented by applicable law from effecting any or all such purchases or any or all such purchases are rescinded, the Conversion Price shall again be
adjusted to be the Conversion Price which would have been in effect based upon the number of shares actually purchased. If the application of this Section 5.06(d)(2) to any tender offer would result in an increase in the Conversion
Price, no adjustment shall be made for such tender offer under this Section 5.06(d)(2). 
 (3) For purposes of
Section 5.06(d)(2), the term “tender offer” shall mean and include both tender offers and exchange offers, all references to “purchases” of shares in tender offers (and all similar references) shall mean and include both the
purchase of shares in tender offers and the acquisition of shares pursuant to exchange offers, and all references to “tendered shares” (and all similar references) shall mean and include shares tendered in both tender offers and exchange
offers. 
  

 -44- 

 (4) In case the Company shall at any time distribute shares of Capital Stock of any of
its Subsidiaries (a “Spin-Off”), the Conversion Price shall be reduced so that the same shall equal the price determined by multiplying such Conversion Price in effect on the Trading Day immediately preceding the “ex” date
with respect to such Cash dividend or distribution by a fraction of which the numerator shall be the average of the Closing Sale Prices of the Common Stock on each of the ten consecutive Trading Days beginning on the “ex” date with respect
to the Spin-Off, and the denominator shall be the average of such Closing Sale Prices of the Common Stock on each of the ten consecutive Trading Days beginning on the “ex” date with respect to the Spin-Off plus the average of the Closing
Sale Prices of the portion of those shares of Capital Stock or similar equity interests so distributed applicable to one share of Common Stock on each of those ten consecutive days, such decrease to become effective immediately prior to the opening
of business on the day following the date on which the Spin-Off is effective. In the event that such Spin-Off is not so executed, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such
Spin-Off had not been announced. 
 (e) For purposes hereof, the term “ex” date, when used with respect to any dividend or
distribution, means the first date on which the Common Stock trades, regular way, on the relevant exchange or in the relevant market from which the Closing Sale Price was obtained without the right to receive such dividend or distribution. If the
“ex” date for an event described in Section 5.06(d)(4) occurs less than 12 Trading Days prior to the settlement date in respect of any conversion, references within Section 5.06(d)(4) to ten trading days shall be deemed replaced,
for purposes of calculating the affected Daily Conversion Values in respect of that conversion, with such lesser number of trading days as elapse between such “ex” date and the trading day immediately preceding such settlement date. Any
adjustment to the applicable Conversion Rate under Section 5.06(d)(4) shall be given effect at the close of business on the “ex” date for the related distribution. 
 (f) If: 
 (i) shares are
deliverable to settle the Daily Net Share Settlement Value for a given Trading Day within the Conversion Period applicable to the Securities that a Holder has converted, 
 (ii) any distribution or transaction described in subsections (a) to (d) above has not yet resulted in an adjustment to the then
applicable conversion rate on the Trading Day in question, and 
 (iii) the shares the Holder will receive in respect of such
Trading Day are not entitled to participate in the relevant distribution or transaction (because they were not held on a related record date or otherwise), 
 then the number of shares delivered shall be adjusted in respect of the relevant Trading Day to reflect the relevant distribution or transaction. 
  

 -45- 

 (g) If: 
 (i) the Company elects to satisfy its Conversion Obligation solely in shares of Common Stock, 
 (ii) any distribution or transaction described in subsections (a) to (d) above has not yet resulted in an adjustment to the then applicable Conversion Rate on the Conversion Date, and 
 (iii) the shares that a Holder will receive on settlement are not entitled to participate in the relevant distribution or transaction
(because they were not held on a related record date or otherwise), 
 then the number of shares delivered shall be adjusted in respect of the relevant
Trading Day to reflect the relevant distribution or transaction. 
 Section 5.07. No Adjustment. 
 (a) Notwithstanding the provisions of Section 5.06, no adjustment in the Conversion Rate shall be required unless the adjustment would result in a
change of at least 1% in the Conversion Price as last adjusted; provided, however, that any adjustments which by reason of this Section 5.07 are not required to be made shall be carried forward and taken into account in any
subsequent adjustment, regardless of whether the aggregate adjustment is less than 1% within one year of the first such adjustment carried forward upon required purchases of the Securities in connection with a Fundamental Change and five Business
Days prior to the Final Maturity Date. All calculations under this Article 5 shall be made to the nearest cent or to the nearest one-hundredth of a share, as the case may be. 
 (b) To the extent that the Securities become convertible into the right to receive Cash, no adjustment need be made thereafter as to the Cash. Interest
shall not accrue on the Cash. 
 (c) No adjustment to the Conversion Rate shall be required in respect of any transaction in which Holders
participate (as a result of holding the Securities, at the same time as holders of the Common Stock participate) as if such Holders held the number of shares of Common Stock equal to the applicable Conversion Rate, multiplied by the principal amount
of Securities held by such Holder, divided by 1,000, without conversion of the Securities. 
 Section 5.08. Adjustment for Tax
Purposes. 
 The Company shall be entitled to make such reductions in the Conversion Price, for the remaining term of the Securities or
any shorter term, in addition to those required by Section 5.06, as the Board of Directors shall determine to be advisable in order to avoid or diminish any tax to any holders of shares of Common Stock or rights to purchase Common Stock
resulting from any stock dividends, subdivisions of shares, distributions of rights or warrants to purchase or subscribe for stock or securities, distributions of securities convertible into or exchangeable for stock hereafter made by the Company to
its stockholders or from any event treated as such for income tax purposes. 
  

 -46- 

 Section 5.09. Temporary Reduction of Conversion Price. 
 To the extent permitted by applicable law, the Company from time to time may reduce the Conversion Price by any amount for any period of time if the
period is at least 20 Business Days, the reduction is irrevocable during such period, and the Board of Directors shall have made a determination that such reduction would be in the best interest of the Company. Whenever the Conversion Price is
reduced pursuant to the preceding sentence, the Company shall provide notice of any reduction in the Conversion Price to the Holders in the manner provided in Section 13.02, with a copy to the Trustee and Conversion Agent, at least 15 days
prior to the date such reduced Conversion Price takes effect, and such notice shall state the reduced Conversion Price and the period during which it will be in effect. 
 Section 5.10. Notice of Certain Transactions. 
 In the event that: 
 (1) the Company takes any action which would require an adjustment in the Conversion Price; 
 (2) the Company consolidates or enters into a binding share exchange with, merges with or into, or transfers all or substantially all of its
property and assets to, another corporation and shareholders of the Company must approve the transaction; or 
 (3) there is a
dissolution or liquidation of the Company, 
 the Company shall mail to Holders and file with the Trustee a notice stating the proposed record or effective
date, as the case may be, and mail the notice at least 10 days before such date; provided, further, that upon occurrence of an event referred to in clause (1) of this Section 5.10, the Company shall file with the Trustee (and
deliver a copy to the Conversion Agent) an Officers’ Certificate briefly stating the facts requiring the adjustment and the manner of computing it and promptly mail to Holders a notice of the adjustment. Failure to mail such notice or any
defect therein shall not affect the validity of any transaction referred to in clause (1), (2) or (3) of this Section 5.10; provided, however, that unless and until the Trustee and the Conversion Agent shall have received an
Officers’ Certificate setting forth an adjustment of the Conversion Price in connection with the event referred to in clause (1), the Trustee may assume without inquiry that the Conversion Price has not been adjusted and that the last
Conversion Price of which it has knowledge remains in effect. 
 Section 5.11. Effect of Reclassification, Consolidation, Merger,
Binding Share Exchange or Sale on Conversion Privilege. 
 If any of the following shall occur, namely: (a) any reclassification
or change of shares of Common Stock issuable upon conversion of the Securities (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a 

  

 -47- 

 
subdivision or combination, or any other change for which an adjustment is provided in Section 5.06); (b) any consolidation, merger, binding share
exchange or combination to which the Company is a party other than a merger or binding share exchange in which the Company is the continuing corporation and which does not result in any reclassification of, or change (other than in par value, or
from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination) in, outstanding shares of Common Stock; or (c) any sale, assignment, conveyance, transfer, lease or other disposition as an
entirety or substantially as an entirety of the property and assets of the Company, directly or indirectly, to any person, then the Company, or such successor, purchasing or transferee corporation, as the case may be, shall, as a condition precedent
to such reclassification, change, combination, consolidation, merger, binding share exchange, sale, assignment, conveyance, transfer, lease or other disposition, execute and deliver to the Trustee a supplemental indenture providing that the Holder
of each Security then outstanding shall have the right to convert such Security into the kind and amount of shares of stock and other securities and property (including Cash) receivable upon such reclassification, change, combination, consolidation,
merger, binding share exchange, sale, assignment, conveyance, transfer, lease or other disposition by a holder of the number of shares of Common Stock deliverable upon conversion of such Security immediately prior to such reclassification, change,
combination, consolidation, merger, binding share exchange, sale, assignment, conveyance, transfer, lease or other disposition, subject to the Company’s right to elect to deliver a Specified Dollar Amount in Cash (the “Reference
Property”). For purposes of the foregoing, if holders of the Common Stock receive or have the right to receive more than one form of consideration in connection with such reclassification, change, combination, consolidation, merger,
binding share exchange, sale, assignment, conveyance, transfer, lease or other disposition, then the Reference Property shall be based on the blended, weighted average of elections made by holders of the Common Stock (such as pro rata reductions
made to any portion of consideration payable). If the Common Stock is replaced by Reference Property, thereafter all references to Common Stock in this Indenture shall be references to such Reference Property, except as the context otherwise
requires. The determination of the Reference Property shall apply to all of the Securities and the Company shall notify the Trustee of the composition of the Reference Property promptly after it is determined. Such supplemental indenture shall
provide for adjustments of the Conversion Price which shall be as nearly equivalent as may be practicable to the adjustments of the Conversion Price provided for in this Article 5. If, in the case of any such consolidation, merger, binding
share exchange, combination, sale, assignment, conveyance, transfer, lease or other disposition, the stock or other securities and property (including Cash) receivable thereupon by a holder of Common Stock include shares of stock or other securities
and property of a person other than the successor, purchasing or transferee corporation, as the case may be, in such consolidation, merger, binding share exchange, combination, sale, assignment, conveyance, transfer, lease or other disposition, then
such supplemental indenture shall also be executed by such other person and shall contain such additional provisions to protect the interests of the Holders of the Securities as the Board of Directors shall reasonably consider necessary by reason of
the foregoing. The provisions of this Section 5.11 shall similarly apply to successive reclassifications, changes, combinations, consolidations, mergers, binding share exchanges, sales, assignments, conveyances, transfers, leases and other
dispositions. The Trustee has no duty to determine whether a supplemental indenture under this Section 5.11 need be entered into. 
  

 -48- 

 In the event the Company shall execute a supplemental indenture pursuant to this Section 5.11, the
Company shall promptly file with the Trustee (x) an Officers’ Certificate briefly stating the reasons therefor, the kind or amount of Reference Property receivable by Holders of the Securities upon the conversion of their Securities after
any such reclassification, change, combination, consolidation, merger, binding share exchange, sale, assignment, conveyance, transfer, lease or other disposition, any adjustment to be made with respect thereto and that all conditions precedent have
been complied with and (y) an Opinion of Counsel that all conditions precedent have been complied with, and shall promptly mail notice thereof to all Holders. 
 Section 5.12. Disclaimer. 
 Nether the Trustee nor any Conversion Agent (other than the Company
or an Affiliate of the Company) shall have any duty to determine when an adjustment under this Article 5 should be made, how it should be made or what such adjustment should be, but may accept as conclusive evidence of that fact or the
correctness of any such adjustment, and shall be protected in relying upon, an Officers’ Certificate, including the Officers’ Certificate with respect thereto, which the Company is obligated to file with the Trustee (and to deliver a copy
thereof to the Conversion Agent) pursuant to Section 5.10. Neither the Trustee nor any Conversion Agent (other than the Company or an Affiliate of the Company) makes any representation as to the validity or value of any securities or
assets issued upon conversion of Securities, and neither shall be responsible for the Company’s failure to comply with any provisions of this Article 5. 
 The Trustee shall not be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture executed pursuant to Section 5.11, but may accept as conclusive evidence of
the correctness thereof, and shall be fully protected in relying upon, the Officers’ Certificate with respect thereto which the Company is obligated to file with the Trustee pursuant to Section 5.11. 
 Section 5.13. Limitation on Adjustments. 
 (a) The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article 5 without complying with the NASDAQ’s shareholder approval rules. 
 (b) The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article 5 if that adjustment
would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the Securities. 
 Section 5.14. Exchange in Lieu of Conversion. 
 When a Holder surrenders Securities for conversion, the Company may, at
its election (an “Exchange Election”), direct the Conversion Agent to surrender, on or prior to the second Business Day following the relevant Conversion Date, such Securities to a financial institution designated by the Company
(the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Securities surrendered for conversion for exchange in lieu of 

  

 -49- 

 
conversion, the Designated Financial Institution must agree to timely deliver, in exchange for such Securities, the Conversion Obligation that would
otherwise be due upon conversion as described in Section 5.05 hereof and in respect of which the Company has notified the converting Securityholders. If the Company makes an Exchange Election, the Company shall, by the close of business on the
second Business Day following the relevant Conversion Date as part of its Settlement Notice, notify the Holder surrendering its Securities for conversion that it has made the Exchange Election. In addition, the Company shall notify the Designated
Financial Institution of the Settlement Method (and, if applicable, the Specified Dollar Amount) that the Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Obligation. Any Securities
exchanged by the Designated Financial Institution shall remain outstanding. 
 If the designated institution agrees to accept any Securities
for exchange but does not timely deliver the related Conversion Consideration to the Conversion Agent on or prior to the settlement date, or if such Designated Financial Institution does not accept such Securities for exchange, the Company shall
deliver its Conversion Obligation as if it had not made an Exchange Election within the time period specified in Section 5.02 hereof. 
 The Company’s designation of a Designated Financial Institution to which the Securities may be submitted for exchange does not require such Designated Financial Institution to accept any Securities. 
 ARTICLE 6 
 SUBORDINATION

 Section 6.01. Agreement to Subordinate. 
 The Company agrees, and each Holder, by accepting a Security, agrees, that the Indebtedness evidenced by the Securities is subordinated in right of payment, to the extent and in the manner provided in this Article 6,
to the prior payment in full of all Senior Indebtedness of the Company and that the subordination is for the benefit of and enforceable by the holders of such Senior Indebtedness. The Securities shall in all respects rank pari passu in right
of payment with all other Senior Subordinated Indebtedness of the Company and shall rank senior to all existing and future Subordinated Obligations of the Company; and only Indebtedness of the Company that is Senior Indebtedness of the Company shall
rank senior to the Securities in accordance with the provisions set forth herein. All provisions of this Article 6 shall be subject to Section 6.12. 
 Section 6.02. Liquidation, Dissolution, Bankruptcy. 
 Upon any payment or distribution of the
assets of the Company to its respective creditors upon a total or partial liquidation or a total or partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its
property: 
 (a) holders of Senior Indebtedness of the Company shall be entitled to receive payment in full of such Senior Indebtedness before
Holders of the Securities shall be entitled to receive any payment of principal of or interest, if any, on the Securities; and 
  

 -50- 

 (b) until the Senior Indebtedness of the Company is paid in full, any payment or distribution to which
Holders of the Securities would be entitled but for this Article 6 shall be made to holders of such Senior Indebtedness as their interests may appear, except that Holders of the Securities may receive shares of stock and any debt securities that are
subordinated to such Senior Indebtedness to at least the same extent as the Securities. 
 Section 6.03. Default on Senior
Indebtedness. 
 The Company may not pay the principal, interest (including Additional Interest) on the Securities, make any deposit
pursuant to Section 11.01 or otherwise purchase, redeem or otherwise retire any Securities (collectively, “pay the Securities”) if (a) any Designated Senior Indebtedness of the Company is not paid when due or (b) any
other default on such Designated Senior Indebtedness occurs and the maturity of such Designated Senior Indebtedness is accelerated in accordance with its terms unless, in either case, (i) the default has been cured or waived and any such
acceleration has been rescinded or (ii) such Designated Senior Indebtedness has been paid in full; provided, however, that the Company may pay the Securities without regard to the foregoing if the Company and the Trustee receive
written notice approving such payment from the Representative of such Designated Senior Indebtedness with respect to which either of the events set forth in clause (a) or (b) of this sentence has occurred and is continuing. 
 During the continuance of any default (other than a default described in clause (a) or (b) of the preceding sentence) with respect to any
Designated Senior Indebtedness of the Company pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace
periods, the Company may not pay the Securities for a period (a “Payment Blockage Period”) commencing upon the receipt by the Trustee (with a copy to the Company) of written notice (a “Blockage Notice”) of such
default from the Representative of such Designated Senior Indebtedness specifying an election to effect a Payment Blockage Period and ending 179 days thereafter (or earlier if such Payment Blockage Period is terminated (a) by written notice to
the Trustee and the Company from the Person or Persons who gave such Blockage Notice, (b) by repayment in full of such Designated Senior Indebtedness or (c) because no default with respect to any Designated Senior Indebtedness is
continuing). Notwithstanding the provisions described in the immediately preceding sentence (but subject to the provisions contained in the first sentence of this Section 6.03), the Company may resume payments on the Securities after the end of
such Payment Blockage Period, unless the holders of such Designated Senior Indebtedness or the Representative of such holders shall have accelerated the maturity of such Designated Senior Indebtedness, and such Designated Senior Indebtedness has not
been repaid in full. 
 Not more than one Blockage Notice may be given in any period of 360 consecutive days, irrespective of the number of
defaults with respect to Designated Senior Indebtedness during such period; provided, however, that if any Blockage Notice within such 360-day period is given by or on behalf of any holders of Designated Senior Indebtedness other than
the Bank 

  

 -51- 

 
Indebtedness, the Representative of the Bank Indebtedness may give another Blockage Notice within such period; provided, further, however, that in no
event may the total number of days during which any Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any period of 360 consecutive days. For purposes of this Section 6.03, no default or event of default
that existed or was continuing on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Indebtedness initiating such Payment Blockage Period shall be, or be made, the basis of the commencement of a
subsequent Payment Blockage Period by the Representative of such Designated Senior Indebtedness, whether or not within a period of 360 consecutive days, unless such default or event of default shall have been cured or waived for a period of not less
than 90 consecutive days. 
 Section 6.04. Acceleration of Payment of Securities. 
 If payment of the Securities is accelerated because of an Event of Default, the Trustee (provided, that the Trustee shall have received written
notice from the Company or a Representative identifying the Designated Senior Indebtedness for which such Representative is so designated, on which notice the Trustee shall be entitled to rely conclusively) shall promptly notify the holders of each
Company’s Designated Senior Indebtedness (or their Representative) of the acceleration. If any such Designated Senior Indebtedness of the Company is outstanding, the Company may not pay the Securities until five Business Days after such holders
or the Representative of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Securities only if this Article 6 otherwise permits payment at that time. 
 Section 6.05. When Distribution Must Be Paid Over. 
 If a payment or distribution is made to Holders of the Securities that because of this Article 6 should not have been made to them, the Holders of the Securities who receive the payment or distribution shall hold it
in trust for holders of Senior Indebtedness of the Company and pay it over to them as their interests may appear. 
 Section 6.06.
Subrogation. 
 After all Senior Indebtedness of the Company is paid in full and until the Securities are paid in full, Holders of the
Securities shall be subrogated to the rights of holders of such Senior Indebtedness to receive distributions applicable to Senior Indebtedness. A distribution made under this Article 6 to holders of such Senior Indebtedness which otherwise would
have been made to Holders of the Securities is not, as between the Company and Holders of the Securities, a payment by the Company on such Senior Indebtedness. 
 Section 6.07. Relative Rights. 
 This Article 6 defines the relative rights of Holders of the
Securities and holders of Senior Indebtedness of the Company. Nothing in this Indenture shall: 
 (a) impair, as between the Company and
Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest, if any, on the Securities in accordance with their terms; or 
  

 -52- 

 (b) prevent the Trustee or any Holder of the Securities from exercising its available remedies upon a
Default, subject to the rights of holders of Senior Indebtedness of the Company to receive distributions otherwise payable to Holder of the Securities. 
 Section 6.08. Subordination May Not Be Impaired by Company. 
 No right of any holder of Senior
Indebtedness of the Company to enforce the subordination of the Indebtedness evidenced by the Securities shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture. 
 Section 6.09. Rights of Trustee and Paying Agent. 
 Notwithstanding Section 6.03 hereof, the Trustee or Paying Agent may continue to make payments on the Securities and shall not be charged with knowledge of the existence of facts that would prohibit the making of
any such payments unless, not less than two Business Days prior to the date of such payment, a Trust Officer of the Trustee receives written notice satisfactory to it that payments may not be made under this Article 6. The Company, the Primary
Registrar, the Paying Agent, a Representative or a holder of Senior Indebtedness of the Company (as identified by the Company) may give the notice; provided, however, that, if an issue of Senior Indebtedness of the Company has a
Representative, only the Representative may give the notice. 
 The Trustee in its individual or any other capacity may hold Senior
Indebtedness of the Company with the same rights it would have if it were not Trustee. The Primary Registrar and the Paying Agent may do the same with like rights. The Trustee shall be entitled to all the rights set forth in this Article 6 with
respect to any Senior Indebtedness of the Company which may at any time be held by it, to the same extent as any other holder of such Senior Indebtedness; and nothing in Article 10 shall deprive the Trustee of any of its rights as such holder.
Nothing in this Article 6 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 10.07 or any other Section of this Indenture. 
 Section 6.10. Distribution or Notice to Representative. 
 Whenever a distribution is to be made
or a notice given to holders of Senior Indebtedness of the Company, the distribution may be made and the notice given to their Representative (if any). 
 Section 6.11. Article 6 Not to Prevent Events of Default or Limit Right to Accelerate. 
 The
failure to make a payment pursuant to the Securities by reason of any provision in this Article 6 shall not be construed as preventing the occurrence of a Default. Nothing in this Article 6 shall have any effect on the right of the Holders of the
Securities or the Trustee to accelerate the maturity of the Securities. 
 Section 6.12. Trust Monies Not Subordinated.

 Notwithstanding anything contained herein to the contrary, payments from Cash held in trust under Article 11 by the Trustee for the payment
of principal of the Securities shall not be subordinated to the prior payment of any Senior Indebtedness of the Company or subject to the 

  

 -53- 

 
restrictions set forth in this Article 6, and none of the Holders of the Securities shall be obligated to pay over any such amount to the Company or any
holder of Senior Indebtedness of the Company or any other creditor of the Company. 
 Section 6.13. Trustee Entitled to Rely.

 Upon any payment or distribution pursuant to this Article 6, the Trustee and the Holders of the Securities shall be entitled to rely
(a) upon any order or decree of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 6.02 hereof are pending, (b) upon a certificate of the liquidating trustee or agent or other Person making
such payment or distribution to the Trustee or to the Holders of the Securities or (c) upon the Representatives for the holders of Senior Indebtedness of the Company for the purpose of ascertaining the Persons entitled to participate in such
payment or distribution, the holders of such Senior Indebtedness and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article
6. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Indebtedness of the Company to participate in any payment or distribution pursuant to this Article 6,
the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or
distribution and other facts pertinent to the rights of such Person under this Article 6, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to
receive such payment. The provisions of Sections 10.01 and 10.02 shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article 6. 
 Section 6.14. Trustee to Effectuate Subordination. 
 Each Holder of the Securities, by accepting
a Security, authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of the Securities and the holders of Senior Indebtedness of the
Company as provided in this Article 6 and appoints the Trustee as attorney-in-fact for any and all such purposes. 
 Section 6.15.
Trustee Not Fiduciary for Holders of Senior Indebtedness. 
 The Trustee shall not be deemed to owe any fiduciary duty to the holders
of Senior Indebtedness of the Company and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders of Senior Indebtedness or the Company or any other Person, money or assets to which any holders of Senior
Indebtedness of the Company shall be entitled by virtue of this Article 6 or otherwise. 
 Section 6.16. Reliance by Holders of
Senior Indebtedness on Subordination Provisions. 
 Each Holder of the Securities, by accepting a Security, acknowledges and agrees that
the foregoing subordination provisions are, and are intended to be, an inducement and a 

  

 -54- 

 
consideration to each holder of any Senior Indebtedness of the Company, whether such Senior Indebtedness was created or acquired before or after the issuance
of the Securities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness and such holder of such Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing
to hold, or in continuing to hold, such Senior Indebtedness. 
 ARTICLE 7 
 COVENANTS 
 Section 7.01. Payment of Securities. 
 The Company shall promptly make all payments in respect of the Securities on the dates and in the manner provided in the Securities and this
Indenture. An installment of principal or interest shall be considered paid on the date it is due if the Paying Agent (other than the Company) holds by 11:00 a.m. (New York City time) on that date money, deposited by the Company or an
Affiliate thereof, sufficient to pay such installment. The Company shall (in immediately available funds), to the fullest extent permitted by law, pay interest on overdue principal and overdue installments of interest at the rate borne by the
Securities per annum. 
 Payment of the principal of and interest on the Securities shall be made at the office or agency of the Company
maintained for that purpose in New York, New York (which shall initially be The Bank of New York), or at the Corporate Trust Office of the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the Register;
provided, further, that a Holder holding an aggregate principal amount of the Securities in excess of $2,000,000 shall be paid by wire transfer in immediately available funds at the election of such Holder if such Holder has provided
wire transfer instructions to the Trustee and the Paying Agent at least 10 Business Days prior to the payment date; provided, further, that all payments made to the Depositary or its nominee shall be made by wire transfer in
immediately available funds. 
 Section 7.02. SEC Reports. 
 The Company shall file with the SEC such information, documents or reports required to be filed by it with the SEC pursuant to Section 13 or 15(d) of
the Exchange Act at the times specified by the Exchange Act and regulations thereunder (after giving effect to any extension obtained under Rule 12b-25 of the Exchange Act). 
 Any delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall
not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officers’ Certificates). 
  

 -55- 

 Section 7.03. [Reserved]. 
 Section 7.04. Compliance Certificates. 
 The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year of the Company (beginning with the fiscal year ending December 31, 2008), an Officers’ Certificate as to the signer’s knowledge of the
Company’s compliance with all conditions and covenants on its part contained in this Indenture and stating whether or not the signer knows of any default or Event of Default. If such signer knows of such a default or Event of Default, the
Officers’ Certificate shall describe the default or Event of Default and the efforts to remedy the same. For the purposes of this Section 7.04, compliance shall be determined without regard to any grace period or requirement of notice
provided pursuant to the terms of this Indenture. 
 The Company shall deliver to the Trustee, as soon as possible and in any event within
thirty days after the Company becomes aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such
Event of Default or default and the action which the Company proposes to take with respect thereto. 
 Section 7.05. Additional
Interest Notice. 
 In the event that the Company is required to pay Additional Interest to Holders of Securities pursuant to Sections
7.10 or 9.02(b) hereof, the Company shall provide a direction or order in the form of a written notice (“Additional Interest Notice”) to the Trustee (and if the Trustee is not the Paying Agent, the Paying Agent) of the
Company’s obligation to pay Additional Interest no later than ten Business Days prior to the proposed payment date set for the payment of Additional Interest, and the Additional Interest Notice shall set forth the amount of Additional Interest
to be paid by the Company on such payment date and direct the Trustee (or, if the Trustee is not the Paying Agent, the Paying Agent) to make payment to the extent it receives funds from the Company to do so. The Trustee shall not at any time be
under any duty or responsibility to any holder of Securities to determine whether Additional Interest is payable, or with respect to the nature, extent, or calculation of the amount of Additional Interest owed, or with respect to the method employed
in such calculation of Additional Interest. 
 Section 7.06. Rule 144A Information Requirements. 
 For so long as any of the Securities or the Common Stock issuable upon the conversion thereof are “restricted securities” within the meaning of
Rule 144(a)(3) under the Securities Act (or any successor provision), the Company covenants and agrees that it shall, during any period in which it is not subject to and in compliance with Section 13 or 15(d) under the Exchange Act, upon the
request of any Holder or beneficial holder of the Securities or any Common Stock issued upon conversion thereof bearing a Restricted Security Legend or Restricted Stock Legend, as the case may be, make available to such Holder or beneficial holder
of such Securities or any Common Stock issued upon conversion thereof in connection with any sale thereof and any prospective purchaser of Securities or such Common Stock designated by such Holder or beneficial holder, the information required
pursuant to Rule 144A(c)(2) under the Securities Act and it shall take such further action as any Holder or beneficial holder of such Securities or such 

  

 -56- 

 
Common Stock may reasonably request, all to the extent required from time to time to enable such Holder or beneficial holder to sell its Securities or Common
Stock without registration under the Securities Act within the limitation of the exemption provided by Rule 144A, as such Rule may be amended from time to time. Upon the request of any Holder or any beneficial holder of the Securities or such
Common Stock, the Company shall deliver to such Holder a written statement as to whether such Holder and prospective purchaser have complied with such requirements. 
 Section 7.07. Further Instruments and Acts. 
 Upon request of the Trustee, the Company shall
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 7.08. Maintenance of Corporate Existence. 
 Subject to Article 8, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
 Section 7.09. 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 or other law which would prohibit or forgive the Company from paying all or any portion of the principal of, or premium, if any, or interest on, the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, or
which may affect the covenants or the performance of this Indenture, and the Company (to the extent 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 had been enacted. 
 Section 7.10. Additional Interest Payable Upon Failure to Report or to Delegend. 
 (a) If at any time during the six months to one year period following the last original issuance date of the Securities, the Company fails to timely file
any document or report that it is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (other than any Current Report on Form 8-K) or the Securities are not otherwise freely tradable by the Holders, other than
Holders who are Affiliates of the Company, the Company shall make a one time payment in respect of the Securities in the amount of 0.50% of their principal amount. 
 (b) Unless: 
 (i) the Restricted Security Legend on the Securities has been removed, and

 (ii) the Securities are freely tradable pursuant to Rule 144 under the Securities Act without volume restrictions by
Holders other than Affiliates of the Company (without restrictions pursuant to U.S. securities law or the terms of this Indenture or the Securities), 
  

 -57- 

 as of the 365th day after the last date of original issuance of the Securities, the Company shall pay Additional Interest
on the Securities at an annual rate equal to 0.50% of the aggregate principal amount of the Securities. So long as a condition described in either (i) or (ii) of this Section 7.10(b) continues, the Company shall pay such Additional
Interest in Cash on April 15 and October 15 of each year to the Person who is the Holder of record of the Securities on the immediately preceding April 1 and October 1. When such registration default ceases to continue, accrued
and unpaid Additional Interest through the date of cessation shall be paid in Cash on the subsequent Interest Payment Date to the record Holder. In no event shall Additional Interest accrue at an annual rate in excess of 0.50%, in the aggregate,
pursuant to this Section 7.10 and Section 9.02(b). 
 Section 7.11. No Layering of Indebtedness. 
 The Company shall not Incur, create, issue, assume, Guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of
payment to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is expressly subordinated in right of payment to Senior Subordinated Indebtedness. For purposes of the foregoing, for the avoidance of doubt, no
Indebtedness shall be deemed to be subordinated in right of payment to any other Indebtedness solely by virtue of being unsecured or secured by a junior priority lien or by virtue of the fact that the holders of such Indebtedness have entered into
intercreditor agreements or other arrangements giving one or more of such holders priority over the other holders in the collateral held by them or by virtue of structural subordination. 
 ARTICLE 8 
 CONSOLIDATION, MERGER, BINDING SHARE EXCHANGE, CONVEYANCE,
TRANSFER OR LEASE 
 Section 8.01. Company May Consolidate, etc., only on Certain Terms. 
 The Company shall not consolidate with, enter into a binding share exchange or merge with or into another Person or sell, assign, convey, transfer, lease
or otherwise dispose of its properties and assets substantially as an entirety to any Person, unless: 
 (1) in case the Company shall
consolidate or enter into a binding share exchange with, or merge with or into, another Person or sell, assign, convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to any Person, the Person formed
by such consolidation or binding share exchange or with or into which the Company is merged or the Person which acquires by sale, assignment, conveyance, transfer, lease, or which otherwise acquires, the properties and assets of the Company
substantially as an entirety shall be a corporation organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and interest on all the Securities and the 

  

 -58- 

 
performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed, and the conversion rights shall be
provided for in accordance with Article 5, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to the Trustee, by the Person (if other than the Company) formed by such consolidation, binding share exchange or
into which or with whom the Company shall have been merged or by the Person which shall have acquired the Company’s assets; 
 (2) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each in a form reasonably satisfactory to the
Trustee and stating that such consolidation, merger with or into another person, binding share exchange, sale, assignment, conveyance, transfer, lease or other disposal and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture complies with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
 Section 8.02. Successor Substituted. 
 Upon any consolidation of the Company or binding share exchange with, or merger of the Company into or with, any other Person or any sale, assignment, conveyance, transfer, lease or other disposal of the properties and assets of the Company
substantially as an entirety in accordance with Section 8.01, the successor Person formed by such consolidation or binding share exchange or into which or with whom the Company is merged or to which such assignment, sale, conveyance, transfer,
lease or other disposal is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and
thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE 9 
 DEFAULT AND REMEDIES 
 Section 9.01. Events of Default. 
 An “Event of Default” with respect to Securities shall occur if: 
 (a) the Company defaults in the payment of any
principal of any Security when the same becomes due and payable (whether at maturity, on a Fundamental Change Purchase Date or otherwise) (whether or not such payment is prohibited by Section 6 hereof); 
 (b) the Company defaults in the payment of Cash or shares of Common Stock (if any) owing upon conversion of any Security (including any Additional
Shares), when the same becomes due and payable (whether or not such payment is prohibited by Section 6 hereof); 
  

 -59- 

 (c) the Company defaults in the payment of interest (including any Additional Interest) when the same
becomes due and payable and the default continues for a period of 30 days (whether or not such payment is prohibited by Section 6 hereof); 
 (d) the Company fails to comply with any of its other agreements contained in the Securities or in this Indenture and the default continues for 60 days after the notice specified below; 
 (e) the Company defaults in the payment of the purchase price of any Security when the same becomes due and payable; 
 (f) the Company fails to provide on a timely basis written notice of a Fundamental Change as required by Section 3.01(b); 
 (g) the Company or any Significant Subsidiary of the Company fails to pay any Indebtedness at final maturity at its stated maturity or such Indebtedness
is accelerated, in either case if such Indebtedness has a principal amount then outstanding in excess of $37.5 million, whether such Indebtedness now exists or shall hereafter be created, and such Indebtedness is not discharged, or such default in
payment or acceleration is not cured or rescinded within the applicable grace period, if any, specified in the agreement or Instrument relating to such Indebtedness; 
 (h) the Company or any Significant Subsidiary of the Company fails to pay one or more final and non-appealable judgments entered by a court or courts of competent jurisdiction, the aggregate uninsured or unbonded
portion of which is in excess of $37.5 million, if the judgments are not paid, discharged or stayed within 30 days; 
 (i) the Company or any
Significant Subsidiary of the Company, pursuant to or within the meaning of any Bankruptcy Law: 
 (i) commences a voluntary
case or proceeding; 
 (ii) consents to the entry of an order for relief against it in an involuntary case or proceeding;

 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property; or 
 (iv) makes a general assignment for the benefit of its creditors; or 
 (j) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief against the Company or any Significant Subsidiary of the Company in an involuntary case or proceeding; 
  

 -60- 

 (ii) appoints a custodian of the Company or any Significant Subsidiary of the Company for
all or substantially all of the property of the Company or any such Significant Subsidiary; or 
 (iii) orders the liquidation
of the Company or any Significant Subsidiary of the Company; 
 and in each case the order or decree remains unstayed and in effect for 60 consecutive days.

 The term “Bankruptcy Law” means Title 11 of the United States Code (or any successor thereto) or any similar federal or
state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law. 
 (k) A default under clause (d) above is not an Event of Default until the Trustee notifies the Company, or the Holders of at least 25% in aggregate
principal amount of the Securities then outstanding notify the Company and the Trustee, in writing of the default, and the Company does not cure the default within 60 days after receipt of such notice. The notice given pursuant to this
Section 9.01 must specify the default, demand that it be remedied and state that the notice is a “Notice of Default”. When any default under this Section 9.01 is cured, it ceases. 
 (l) The Trustee shall not be charged with knowledge of any Event of Default unless written notice thereof shall have been given to a Trust Officer at the
Corporate Trust Office of the Trustee by the Company, a Paying Agent, any Holder or any agent of any Holder. 
 Section 9.02.
Acceleration. 
 (a) If an Event of Default (other than an Event of Default specified in clause (i) or (j) of
Section 9.01) occurs and is continuing with respect to any Securities, the Trustee may, by notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding may, by notice to the Company
and the Trustee, declare all unpaid principal to the date of acceleration on the Securities then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the same shall become and be immediately due and
payable. If an Event of Default specified in clause (i) or (j) of Section 9.01 occurs, all unpaid principal of the Securities then outstanding shall ipso facto become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may rescind an acceleration of Securities and its consequences if
(a) all existing Events of Default, other than the nonpayment of the principal of the Securities which has become due solely by such declaration of acceleration, have been cured or waived; (b) interest which has become due otherwise
than by such declaration of acceleration, has been paid; (c) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under
Section 10.07 have been made. No such rescission shall affect any subsequent default or impair any right consequent thereto. 
  

 -61- 

 (b) Notwithstanding anything in the Indenture to the contrary, the sole remedy for any failure comply
with Section 7.02 hereof or other failure to comply with the requirements of Section 314(a)(1) of the TIA shall be limited to Additional Interest as provided in the following sentence for 180 days following the occurrence of such an Event
of Default. If the Company fails to comply with Section 7.02 hereof to file periodic or other reports or otherwise fails to comply with the requirements of Section 314(a)(1) of the TIA, the Company shall pay Additional Interest to all
Holders at a rate per annum equal to 0.50% of the principal amount of the Securities to, but not including, the 180th day thereafter (or, if applicable, the earlier date on which the Event of Default is waived). In no event shall Additional Interest
accrue at an annual rate in excess of 0.50%, in the aggregate, pursuant to Section 7.10 hereof and this Section 9.02(b). If the Event of Default is continuing on the 181st day after an Event of Default relating to a failure to comply with
the reporting obligations described above first occurs, the Securities shall be subject to acceleration as provided in Section 9.02(a) hereof. All accrued and unpaid Additional Interest arising under this paragraph, if any, shall be paid in
arrears in Cash to Holders of the Securities by the Company on the Interest Payment Date on which interest in respect of the Securities for the same accrual period is paid, to the Holders receiving such interest. The provisions of this Indenture
described in this paragraph shall not affect the rights of the Holders in the event of the occurrence of any other Events of Default. 
 Section 9.03. Other Remedies. 
 If an Event of Default with respect to Securities occurs and is continuing, the Trustee
may, but shall not be obligated to, pursue any available remedy by proceeding at law or in equity to collect the payment of the principal of or any interest on, the Securities or to enforce the performance of any provision of the Securities or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No
remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 
 Section 9.04.
Waiver of Defaults and Events of Default. 
 Subject to Section 9.02, 9.07 and 12.02, the Holders of a majority in aggregate
principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of or interest on, any
Security, a failure by the Company to pay the Cash and deliver the shares of common stock owing upon conversion of any Security (including Additional Shares, if any) within the time period required by this Indenture or any default or Event of
Default in respect of any provision of this Indenture or the Securities which, under Section 12.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it
is cured and ceases. 
  

 -62- 

 Section 9.05. Control by Majority. 
 The Holders of a majority in aggregate principal amount of the Securities then outstanding may 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 it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly
prejudicial to the rights of another Holder or the Trustee or that may involve the Trustee in personal liability unless the Trustee is offered indemnity satisfactory to it; provided, however, that the Trustee may take any other action
deemed proper by the Trustee which is not inconsistent with such direction. 
 Section 9.06. Limitations on Suits. 
 A Holder of a Security may not pursue any remedy with respect to this Indenture or the Securities (except actions for payment of overdue principal,
premium, if any, or interest or for the conversion of the Securities pursuant to Article 5) unless: 
 (a) the Holder gives to the
Trustee written notice of a continuing Event of Default; 
 (b) the Holders of at least 25% in aggregate principal amount of the then
outstanding Securities make a written request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders offer to the Trustee
indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply with the request within 60
days after receipt of the request and the offer of indemnity; and 
 (e) no direction inconsistent with such written request has been given
to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities then outstanding. 
 A
Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over such other Holder, it being understood that the Trustee does not have an affirmative duty to ascertain whether or not a
Holder’s actions or forbearances constitute such prejudicial use. 
 Section 9.07. Rights of Holders to Receive Payment and to
Convert. 
 Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of the
principal of and interest on the Security, on or after the respective due dates expressed in the Security and this Indenture, to convert such Security in accordance with Article 5 and to bring suit for the enforcement of any such payment on or
after such respective dates or the right to convert, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder. 
  

 -63- 

 Section 9.08. Collection Suit by Trustee. 
 If an Event of Default in the payment of principal, premium, if any, or interest specified in clause (a) or (b) of Section 9.01 occurs and
is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or another obligor on the Securities for the whole amount of principal and accrued interest remaining unpaid, and such
further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 Section 9.09. Trustee May File Proofs of Claim. 
 The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor on the Securities), its creditors or its property and shall be entitled and
empowered to collect and receive any money or other property payable or deliverable on any such claims and to distribute the same, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the
Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel and any other amounts due the Trustee under Section 10.07, and to the extent that such payment of the reasonable compensation, expenses, disbursements and advances 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, money, securities and other property which the Holders 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, on behalf of any Holder, to authorize, accept or adopt, any plan of reorganization,
arrangement, adjustment or composition affecting the Securities 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. 
 Section 9.10. Priorities. 
 If
the Trustee collects any money pursuant to this Article 9, it shall pay out the money in the following order: 
 First, to the Trustee
for amounts due under Section 10.07; 
 Second, to Holders for amounts due and unpaid on the Securities for principal and interest
ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities for principal and interest, respectively; and 
 Third, the balance, if any, to the Company. 
  

 -64- 

 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 9.10. 
 Section 9.11. Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 9.11 does not apply to a suit made by the Trustee, a suit by a Holder
pursuant to Section 9.07 or a suit by Holders of more than 10% in aggregate principal amount of the Securities then outstanding. 
 ARTICLE 10 
 TRUSTEE 
 Section 10.01. Duties of Trustee. 
 (a) If 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 care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own
affairs. 
 (b) Except during the continuance of an Event of Default: 
 (i) the Trustee need perform only those duties as are specifically set forth in this Indenture and no others and no implied covenants or
obligations shall be read into this Indenture or the TIA against the Trustee; and 
 (ii) in the absence of bad faith on its
part, the Trustee may conclusively rely, without investigation as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture but need not verify the content thereof. The Trustee, however, shall examine any certificates and opinions which by any provision hereof are specifically required to be delivered to the Trustee to determine whether or not they conform to
the requirements of this Indenture, but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i) this paragraph does not limit the effect of subsection (b) of this Section 10.01; 
  

 -65- 

 (ii) the Trustee shall not be liable for any error of judgment made in good faith by a
Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 9.02, 9.04 or 9.05. 
 (d) 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 unless the Trustee shall have received adequate indemnity in its opinion against potential costs and liabilities incurred by it relating thereto.

 (e) Every provision of this Indenture that in any way relates to the Trustee is subject to subsections (a), (b), (c) and (d) of
this Section 10.01. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in
writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 Section 10.02. Rights of Trustee. 
 Subject to Section 10.01: 
 (a) The Trustee may rely conclusively on any document believed by it to be genuine and to have been signed or presented by the proper person. The
Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may
require an Officers’ Certificate or an Opinion of Counsel or both, which shall conform to Section 13.04(b). The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’
Certificate or Opinion of Counsel. 
 (c) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents, attorneys, or independent contractors and shall not be responsible for any misconduct or negligence on the part of any agent, attorney or independent contractor appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or
powers. 
 (e) The Trustee may consult with counsel of its selection, and the advice or opinion of such counsel as to matters of law shall be
full and complete authorization and protection in respect of any such action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (f) 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 

  

 -66- 

 
Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and
liabilities which might be incurred by it in compliance with such request or direction. 
 (g) 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, note, other evidence of Indebtedness 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 to examine the
books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company, and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 
 (h) The Trustee shall not be deemed to have knowledge of any Default or Event of Default unless a Trust Officer of the Trustee has actual knowledge
thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office, and such notice references the Securities and this Indenture. The Trustee shall not be charged with the knowledge
of the Company’s obligation to pay Additional Interest, or the cessation of such obligation, unless the Trustee receives written notice thereof from the Company or any Holder. 
 (i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder (including, but not limited to, the Paying Agent or Conversion Agent). 
 (j) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficiently evidenced
by a written order signed by one Officer of the Company. 
 (k) In no event shall the Trustee be responsible or liable for special, indirect,
or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 (l) 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. 
 Section 10.03. Individual Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate
of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Section 10.10 and 10.11. 
  

 -67- 

 Section 10.04. Trustee’s Disclaimer. 
 The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s
use of the proceeds from the Securities, and it shall not be responsible for any statement herein or in the Securities or any other document in connection with the sale of the Securities or pursuant to this Indenture other than its certificate of
authentication. 
 Section 10.05. Notice of Default or Events of Default. 
 If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Holder notice of the
default or Event of Default within 90 days after it becomes known to the Trustee. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests
of Holders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security, including the failure to make Cash payments due upon conversion. 
 Section 10.06. Reports by Trustee to Holders. 
 If such report is required by TIA Section 313, within 60 days after each May 15, beginning with the May 15 following the date of this Indenture, the Trustee shall mail to each Holder a brief report
dated as of such May 15 that complies with TIA Section 313(a). The Trustee also shall comply with TIA Section 313(b)(2) and (c). 
 A copy of each report at the time of its mailing to Holders shall be mailed to the Company and filed with the SEC and each stock exchange, if any, on which the Securities are listed. The Company shall notify the
Trustee whenever the Securities become listed on any stock exchange or listed or admitted to trading on any quotation system and any changes in the stock exchanges or quotation systems on which the Securities are listed or admitted to trading and of
any delisting thereof. 
 Section 10.07. Compensation and Indemnity. 
 The Company shall pay to the Trustee from time to time such compensation (as agreed to from time to time by the Company and the Trustee in writing) for
its services (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and
advances incurred or made by it. Such expenses may include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 The Company shall indemnify the Trustee or any predecessor Trustee (which for purposes of this Section 10.07 shall include its officers, directors, employees and agents) for, and hold it harmless against, any and
all loss, claim, damage, liability or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), including reasonable legal fees and expenses, incurred by it in connection with the acceptance or

  

 -68- 

 
administration of its duties under this Indenture or any action or failure to act as authorized or within the discretion or rights or powers conferred upon
the Trustee hereunder, including the reasonable costs and expenses of the Trustee and its counsel in defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The
Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. The Company need not pay for any settlement without its written consent, which shall not be unreasonably withheld. 

The Company need not reimburse the Trustee for any expense or indemnify it against any loss or liability incurred by it resulting from its gross
negligence or bad faith. 
 To secure the Company’s payment obligations in this Section 10.07, the Trustee shall have a lien prior
to the Securities as to all money or property held or collected by the Trustee for any amount owing it or any predecessor Trustee pursuant to this Section 10.07, except such money or property held in trust for the benefit of holders of
particular Securities. The obligations of the Company under this Section 10.07 shall survive the satisfaction and discharge of this Indenture or the resignation or removal of the Trustee. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in clause (i) or (j) of Section 9.01 occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. The provisions of this Section shall survive the termination of this Indenture. 
 Section 10.08. Replacement of Trustee. 
 The Trustee may resign by so notifying the Company. The Holders of a majority in aggregate principal amount of the Securities then outstanding may remove the Trustee by so notifying the Trustee and may, with the Company’s written
consent, appoint a successor Trustee. The Company may remove the Trustee if: 
 (a) the Trustee fails to comply with Section 10.10;

 (b) the Trustee is adjudged a bankrupt or an insolvent; 
 (c) a receiver or other public officer takes charge of the Trustee or its property; or 
 (d) the Trustee
becomes incapable of acting. 
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the
Company shall promptly appoint a successor Trustee. The resignation or removal of a Trustee shall not be effective until a successor Trustee shall have delivered the written acceptance of its appointment as described below. 
 If a successor Trustee does not take office within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the
Holders of 10% in principal amount of the Securities then outstanding may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Company. 
  

 -69- 

 If the Trustee fails to comply with Section 10.10, any Holder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written
acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall, upon payment of any fees and expenses due and owing to it hereunder, transfer all property held by it as Trustee to
the successor Trustee and be released from its obligations (exclusive of any liabilities that the retiring Trustee may have incurred while acting as Trustee) hereunder, the resignation or removal of the retiring Trustee shall become effective, and
the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee shall mail notice of its succession to each Holder. 
 A retiring Trustee shall not be liable for the acts or omissions of any successor Trustee after its succession. 
 Notwithstanding replacement of the Trustee pursuant to this Section 10.08, the Company’s obligations under Section 10.07 shall continue
for the benefit of the retiring Trustee. 
 Section 10.09. Successor Trustee by Merger, etc. 
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets (including the
administration of this Indenture) to, another corporation, the resulting, surviving or transferee corporation, without any further act, shall be the successor Trustee, provided such transferee corporation shall qualify and be eligible under
Section 10.10. Such successor Trustee shall promptly mail notice of its succession to the Company and each Holder. 
 Section 10.10. Eligibility; Disqualification. 
 The Trustee shall always satisfy the requirements of paragraphs (1),
(2) and (5) of TIA Section 310(a). The Trustee (or its parent holding company) shall have a combined capital and surplus of at least $50,000,000. If at any time the Trustee shall cease to satisfy any such requirements, it
shall resign immediately in the manner and with the effect specified in this Article 10. The Trustee shall be subject to the provisions of TIA Section 310(b). Nothing herein shall prevent the Trustee from filing with the SEC the
application referred to in the penultimate paragraph of TIA Section 310(b). 
 Section 10.11. Preferential Collection of Claims
Against Company. 
 The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA
Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 
 Section 10.12. Trustee or Agents May Hold Securities. 
 The Trustee, any Paying Agent, any
Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Section 10.11, may otherwise deal with the Company with the same rights it would have if it were
not Trustee, Paying Agent, Registrar or such other agent. 
  

 -70- 

 ARTICLE 11 
 SATISFACTION AND DISCHARGE 
 Section 11.01. Satisfaction and Discharge. 
 (a) This Indenture shall cease to be of further effect, and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when 
 (i) all Securities theretofore authenticated and
delivered (other than (i) Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.07 and (ii) Securities for whose payment money has theretofore been deposited in
trust and thereafter repaid to the Company as provided in Section 11.03) have been delivered to the Trustee for cancellation; 
 (ii) the Company has paid or caused to be paid all other sums payable hereunder by the Company, including all Conversion Consideration, if any; and 
 (iii) 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 10.07 shall survive. 
 (b)
The Company may discharge its obligations to pay principal of and interest on the Securities when all Securities not theretofore delivered to the Trustee for cancellation have become due and payable and the Company has irrevocably, subject
to the limitations set forth in the following sentence, deposited or caused to be irrevocably, subject to the limitations set forth in the following sentence, deposited with the Trustee or a Paying Agent (other than the Company or any of its
Affiliates) as trust funds in trust for the purpose Cash in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation for principal and interest, to the date of
such deposit; provided, however, that the foregoing shall not affect the obligations of the Company to the Trustee under Section 10.07 hereof; provided, further, for the avoidance of doubt, that the foregoing shall
not affect the Company’s obligations under Article 5 hereof. 
 Section 11.02. Application of Trust Money. 
 Subject to the provisions of Section 11.03, the Trustee or a Paying Agent shall hold in trust, for the benefit of the Holders of Securities, all
money deposited with it pursuant to Section 11.01(b) with respect to Securities and shall apply the deposited money in accordance with this Indenture and the Securities to the payment of the principal of and any interest on the Securities.

  

 -71- 

 Section 11.03. Repayment to Company. 
 The Trustee and each Paying Agent shall promptly pay to the Company upon request any excess money (i) deposited with them pursuant to
Section 11.01(b) and (ii) held by them at any time. 
 The Trustee and each Paying Agent shall pay to the Company upon request
any money held by them for the payment of principal or interest that remains unclaimed for two years after a right to such money has matured; provided, however, that the Trustee or such Paying Agent, before being required to make any
such payment, may at the expense of the Company cause to be mailed to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein, which shall be at least 30 days from the date of such mailing,
any unclaimed balance of such money then remaining shall be repaid to the Company. After payment to the Company, Holders entitled to money must look to the Company for payment as general creditors unless an applicable abandoned property law
designates another person. 
 Section 11.04. Reinstatement. 
 If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 11.02 by reason of any legal proceeding or by reason of
any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to Section 11.01(b) until such time as the Trustee or such Paying Agent is permitted to apply all such money in accordance with Section 11.02; provided, however, that, if the Company has
made any payment of the principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive any such payment from the money held by
the Trustee or such Paying Agent. 
 ARTICLE 12 
 AMENDMENTS, SUPPLEMENTS AND WAIVERS 
 Section 12.01. Without Consent of Holders.

 The Company, when authorized by a resolution of the Board of Directors, and the Trustee may amend or supplement the Indenture or the
Securities without notice to or consent of any Holder: 
 (a) to comply with Section 5.11 and 8.01; 
 (b) to cure any ambiguity, or correct any defect or inconsistency; provided that any amendment or supplement to cure any ambiguity or correct any
defect or inconsistency in the Indenture or the Securities that is made solely to conform the provisions of the Indenture and the Securities to the descriptions thereof contained in the offering memorandum relating to the Securities dated
April 9, 2008, shall be deemed not to adversely affect the rights of any Holder; 
  

 -72- 

 (c) to make any other change that does not adversely affect the rights of any Holder; 
 (d) to comply with the provisions of the TIA; 
 (e) to add to the covenants of the Company for the equal and ratable benefit of the Holders or to surrender any right, power or option conferred upon the Company; 
 (f) to appoint a successor Trustee; or 
 (g)
to provide for the issuance of Additional Securities as permitted by Section 2.16, which will have terms substantially identical to the other outstanding Securities except as specified in Section 2.16, and which will be treated, together
with any other outstanding Securities, as a single issue of securities. 
 Section 12.02. With Consent of Holders. 
 The Company and the Trustee may amend or supplement the Securities or this Indenture with the written consent of the Holders of at least a majority in
aggregate principal amount of the Securities then outstanding. The Holders of at least a majority in aggregate principal amount of the Securities then outstanding may waive compliance in a particular instance by the Company with any provision of the
Securities or this Indenture without notice to any Holder. However, notwithstanding the foregoing but subject to Section 12.04, without the written consent of each Holder affected, an amendment, supplement or waiver, including a waiver pursuant
to Section 9.04, may not: 
 (a) change the stated maturity of the principal of, or the date any installment of interest (including any
Additional Interest) is due on, any Security; 
 (b) reduce the principal amount of or interest (including any Additional Interest) on, any
Security; 
 (c) reduce the amount of principal payable upon acceleration of the maturity of any Security; 
 (d) change the place or currency of payment of principal of or interest (including any Additional Interest) on, any Security; 
 (e) impair the right to institute suit for the enforcement of any payment on, or with respect to, any Security; 
 (f) modify the provisions with respect to the purchase right of Holders pursuant to Article 3 upon a Fundamental Change in a manner adverse to the
Holders of Securities; 
 (g) modify the provisions of this Indenture with respect to conversion of the Securities in a manner adverse to the
Holders of Securities; 
  

 -73- 

 (h) modify the subordination provisions in Section 6 of this Indenture in a manner adverse to the
Holders of Securities; 
 (i) reduce the percentage of the aggregate principal amount of the outstanding Securities whose Holders must
consent to a modification or amendment; and 
 (j) modify any of the provisions of this Section or Section 9.04, except to increase
any such percentage or to provide that certain provisions of this Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security affected thereby. 
 It shall not be necessary for the consent of the Holders under this Section 12.02 to approve the particular form of any proposed amendment,
supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment, supplement or waiver
under this Section 12.02 becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver.
 Section 12.03. Compliance
with Trust Indenture Act. 
 Every amendment to or supplement of this Indenture or the Securities shall comply with the TIA as applicable
to indentures qualified thereunder at the date of such amendment or supplement. 
 Section 12.04. Revocation and Effect of
Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder
and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder
may revoke the consent as to its Security or portion of a Security if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. 
 After an amendment, supplement or waiver becomes effective, it shall bind every applicable Holder, unless it makes a change described in any of clauses
(a) through (j) of Section 12.02. In that case the amendment, supplement or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder’s Security. 
 Section 12.05. Notation on or Exchange of Securities. 
 If an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue
and the Trustee shall authenticate a new Security that reflects the changed terms. 
  

 -74- 

 Section 12.06. Trustee to Sign Amendments, etc. 
 The Trustee shall sign any amendment or supplemental indenture authorized pursuant to this Article 12 if the amendment or supplemental indenture does
not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, in its sole discretion, but need not sign it. In signing or refusing to sign such amendment or supplemental indenture, the
Trustee shall be provided with, and, subject to Section 10.01, shall be fully protected in relying upon, an Officers’ Certificate (accompanied by a resolution of the Board of Directors of the Company) and an Opinion of Counsel in
accordance with Section 13.04 hereof, each stating that such amendment or supplemental indenture is authorized or permitted by this Indenture. The Company may not sign an amendment or supplement indenture until the Board of Directors
approves it. 
 Section 12.07. Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 ARTICLE 13 
 MISCELLANEOUS 
 Section 13.01. Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by any of Sections 310 to 317, inclusive, of the TIA through operation of Section 318(c) thereof, such imposed duties
shall control. 
 Section 13.02. Notices. 
 Any demand, authorization, notice, request, consent or communication shall be given in writing and delivered in person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile
transmission (confirmed by delivery in person or mail by first-class mail, postage prepaid, or by guaranteed overnight courier) to the following facsimile numbers: 
 If to the Company, to: 
 Endo Pharmaceuticals Holdings Inc. 
 100 Endo Boulevard 
 Chadds Ford, Pennsylvania
19317 
 Attention: Chief Legal Officer 
 Facsimile No.: (610) 558-9684 
  

 -75- 

 if to the Trustee, to: 
 The Bank of New York 
 101 Barclay Street, 8 West 
 New York, New York 10286 
 Attention:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5707 
 Such notices or communications shall be effective when received. 
 The Company or the Trustee by notice to
the other may designate additional or different addresses for subsequent notices or communications. 
 Any notice or communication mailed to
a Holder shall be mailed by first-class mail or delivered by an overnight delivery service to it at its address shown on the register kept by the Primary Registrar. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication to a Holder is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it. 
 Section 13.03. Communications by Holders with Other
Holders. 
 Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to their rights under this
Indenture or the Securities. The Company, the Trustee, the Registrar and any other person shall have the protection of TIA Section 312(c). 
 Section 13.04. Certificate and Opinion as to Conditions Precedent. 
 (a) Upon any request or application by the Company
to the Trustee to take any action under this Indenture, if required, the Company shall furnish to the Trustee: 
 (i) an
Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent (including any covenants, compliance with which constitutes a condition precedent), if any, provided for in this Indenture relating to the proposed
action have been complied with; and 
 (ii) an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent (including any covenants, compliance with which constitutes a condition precedent) have been complied with. 
 (b) Each
Officers’ Certificate and Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (i) a statement that the person making such certificate or opinion has read such covenant or condition; 
  

 -76- 

 (ii) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (iii) a statement that, in the
opinion of such person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (iv) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with; 
 provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public
officials. 
 Section 13.05. Record Date for Vote or Consent of Securityholders. 
 The Company (or, in the event deposits have been made pursuant to Section 11.01, the Trustee) may set a record date for purposes of determining the
identity of Holders entitled to vote or consent to any action by vote or consent authorized or permitted under this Indenture, which record date shall not be more than 30 days prior to the date of the commencement of solicitation of such
action. Notwithstanding the provisions of Section 12.04, if a record date is fixed, those persons who were Holders of Securities at the close of business on such record date (or their duly designated proxies), and only those persons, shall
be entitled to take such action by vote or consent or to revoke any vote or consent previously given, whether or not such persons continue to be Holders after such record date. 
 Section 13.06. Rules by Trustee, Paying Agent, Registrar and Conversion Agent. 
 The Trustee may make reasonable rules (not inconsistent with the terms of this Indenture) for action by or at a meeting of Holders. Any
Registrar, Paying Agent or Conversion Agent may make reasonable rules for its functions. 
 Section 13.07. Legal Holidays.

 A “Legal Holiday” is a Saturday, Sunday or a day on which state or federally chartered banking institutions in New York,
New York are not required to be open. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is
a Legal Holiday, the record date shall not be affected. 
 Section 13.08. Governing Law. 
 This Indenture and the Securities shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts made
and to be performed in such state. 
  

 -77- 

 Section 13.09. No Adverse Interpretation of Other Agreements. 
 This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.10. No Recourse against Others.

 All liability described in paragraph 15 of the Securities of any director, officer, employee or shareholder, as such, of the Company is
waived and released. 
 Section 13.11. Successors. 
 All agreements of the Company in this Indenture and the Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 Section 13.12. Multiple Counterparts. 
 The parties may sign multiple counterparts of this Indenture. Each signed counterpart shall be deemed an original, but all of them together represent the same agreement. 
 Section 13.13. Severability. 
 In
case any provisions in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 13.14. Table of Contents, Headings, etc. 
 The table of contents, cross-reference sheet 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 13.15. 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 which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances. 
 Section 13.16. Waiver of Jury Trial. 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND 

  

 -78- 

 
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 [SIGNATURE PAGE FOLLOWS] 
  

 -79- 

 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands as of the date and year first above
written. 
  

			
	ENDO PHARMACEUTICALS HOLDINGS INC.
		
	By:	 	 /s/ Charles A. Rowland, Jr.

	Name:	 	Charles A. Rowland, Jr.
	Title:	 	EVP, CFO and Treasurer
	
	 THE BANK OF NEW YORK,
 as
Trustee

		
	By:	 	 /s/ Mary Lagumina

	Name:	 	Mary Lagumina
	Title:	 	Vice President

  

 -80- 

 SCHEDULE 4.02 
 The following table sets forth the increase in the Conversion Rate, expressed as a number of Additional Shares to be received per $1,000 principal amount of Securities: 
 Stock price 
  

																													
	 Effective date
	  	$24.85	  	$25.00	  	$26.00	  	$28.00	  	$30.00	  	$35.00	  	$40.00	  	$45.00	  	$50.00	  	$60.00	  	$70.00	  	$80.00	  	$90.00	  	$100.00
															
	 April 15, 2008
	  	5.99	  	5.91	  	5.41	  	4.57	  	3.90	  	2.70	  	1.95	  	1.44	  	1.09	  	0.65	  	0.39	  	0.24	  	0.14	  	0.07
	 April 15, 2009
	  	5.99	  	5.99	  	5.56	  	4.65	  	3.93	  	2.66	  	1.88	  	1.38	  	1.03	  	0.60	  	0.36	  	0.21	  	0.12	  	0.06
	 April 15, 2010
	  	5.99	  	5.99	  	5.69	  	4.70	  	3.92	  	2.59	  	1.78	  	1.28	  	0.94	  	0.53	  	0.31	  	0.18	  	0.10	  	0.05
	 April 15, 2011
	  	5.99	  	5.99	  	5.78	  	4.70	  	3.85	  	2.44	  	1.63	  	1.13	  	0.81	  	0.45	  	0.26	  	0.15	  	0.08	  	0.04
	 April 15, 2012
	  	5.99	  	5.99	  	5.80	  	4.60	  	3.68	  	2.19	  	1.38	  	0.92	  	0.64	  	0.35	  	0.20	  	0.11	  	0.06	  	0.03
	 April 15, 2013
	  	5.99	  	5.99	  	5.63	  	4.29	  	3.29	  	1.76	  	1.01	  	0.63	  	0.42	  	0.22	  	0.13	  	0.07	  	0.04	  	0.01
	 April 15, 2014
	  	5.99	  	5.99	  	5.07	  	3.55	  	2.47	  	1.03	  	0.48	  	0.27	  	0.18	  	0.11	  	0.07	  	0.04	  	0.02	  	0.00
	 April 15, 2015
	  	5.99	  	5.75	  	4.21	  	1.46	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00	  	0.00

  

 -S-1- 

 EXHIBIT A 
 [FORM OF FACE OF SECURITY] 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO ENDO PHARMACEUTICALS HOLDINGS INC. (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.] (1) 
 [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 ENDO PHARMACEUTICALS HOLDINGS 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 THEREUNDER, AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 
 (A) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, OR 
 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR 
 (C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR 
  

	(1)	This paragraph should be included only if the Security is a Global Security. 

  

 A-F-1 

 (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.] (2) 
 [PRIOR TO THE REGISTRATION OF ANY TRANSFER IN
ACCORDANCE WITH CLAUSE (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 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.] (2) 
  

	(2)	These paragraphs should be included only if the Security is a Transfer Restricted Security. 

  

 A-F-2 

 ENDO PHARMACEUTICALS HOLDINGS INC. 
  

					
	CUSIP:	  	No.	  	

 1.75% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2015 
 Endo Pharmaceuticals Holdings Inc., a Delaware corporation (the “Company”, which term shall include any successor corporation under the
Indenture referred to on the reverse hereof), promises to pay to Cede & Co., or registered assigns, the principal sum of dollars ($             ) on April 15, 2015 [or such
greater or lesser amount as is indicated on the Schedule of Exchanges of Securities on the reverse of this Security]. (3) 
 The Company
shall pay interest at a rate of 1.75% per annum, on the principal amount of this Security payable as provided in the Indenture. The Company further agrees to pay Additional Interest as provided for, and under the circumstances specified in,
Sections 7.10 and 9.02(b) of the Indenture. 
 This Security is convertible as specified on the reverse of this Security. Additional
provisions of this Security are set forth on the reverse of this Security. 
 [SIGNATURE PAGE FOLLOWS] 
  

	(3)	This phrase should be included only if the Security is a Global Security. 

  

 A-F-3 

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

			
	ENDO PHARMACEUTICALS HOLDINGS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 Trustee’s Certificate of Authentication: This is one of the Securities referred to in the
within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK,
as Trustee

		
	By:	 	  

		 	Authorized Signatory

  

 A-F-4 

 [FORM OF REVERSE OF SECURITY] 
 ENDO PHARMACEUTICALS HOLDINGS INC. 
 1.75% CONVERTIBLE SENIOR SUBORDINATED NOTES
DUE 2015 
  

	1.	INTEREST AMOUNTS 

 Endo Pharmaceuticals Holdings Inc., a
Delaware corporation (the “Company”, which term shall include any successor corporation under the Indenture hereinafter referred to), shall pay interest at a rate of 1.75% per annum, on the principal amount of this Security payable as
provided in the Indenture. The Company further agrees to pay Additional Interest as provided for, and under the circumstances specified in, Sections 7.10 and 9.02(b) of the Indenture. 
  

	2.	METHOD OF PAYMENT 

 The Company shall pay any interest on
this Security to the person who is the Holder of this Security at the close of business on April 1 or October 1, as the case may be, next preceding the related interest payment date. The Holder must surrender this Security to a Paying
Agent to collect payment of principal. Interest on the Security will be paid at a rate of 1.75% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, or if any such day is not a Business Day, the
immediately following Business Day, commencing October 15, 2008. Interest is computed on the basis of a 360-day year comprised of twelve 30-day months. In the event of the maturity, conversion or purchase of the Security by the Company at the
option of the Holder, interest shall cease to accrue on the Security. Notwithstanding any other provision hereof, however, the Company shall pay interest on the Final Maturity Date to the Holder of this Security on the Record Date immediately
preceding the Final Maturity Date in respect of the period ending with the Final Maturity Date regardless of whether such Holder converts this Security. 
  

	3.	PAYING AGENT, REGISTRAR AND CONVERSION AGENT 

 Initially,
The Bank of New York (the “Trustee”, which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar
or Conversion Agent without notice to the Holder. 
  

	4.	INDENTURE, LIMITATIONS 

 This Security is one of a duly
authorized issue of Securities of the Company designated as its 1.75% Convertible Senior Subordinated Notes due 2015 (the “Securities”), issued under an Indenture, dated as of April 15, 2008 (together with any supplemental indentures
thereto, the “Indenture”), between the Company and the Trustee. The terms of this Security include those stated in the Indenture and those required by or made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended, as in effect on the date of the Indenture. This Security is subject to all such terms, and the Holder of this Security is referred to the Indenture and said Act for a statement of them. 
  

 A-R-1 

	5.	PURCHASE OF SECURITIES AT OPTION OF THE HOLDER UPON A FUNDAMENTAL CHANGE 

 At the option of the Holder and subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase all or any part specified by the Holder (so long as the principal amount of such
part is $1,000 or an integral multiple of $1,000 in excess thereof) of the Securities held by such Holder on the date of the Company’s choosing that is not less than 20 or more than 35 Business Days after the date on which the Company notifies
the Holders of the Securities of the occurrence of the effective time of a Fundamental Change, at a purchase price equal to 100% of the principal amount thereof, together with any accrued and unpaid interest up to, but excluding, the Fundamental
Change Purchase Date, payable in Cash. The Holder shall have the right to withdraw any Fundamental Change Purchase Notice (in whole or in a portion thereof that is $1,000 or an integral multiple of $1,000 in excess thereof) at any time prior to 5:00
p.m. (New York City time) on the second scheduled Trading Day next preceding the Fundamental Change Purchase Date by delivering a written notice of withdrawal to the Paying Agent in accordance with the terms of the Indenture. 
  

	6.	CONVERSION 

 A Holder of a Security may convert the
principal amount of such Security (or any portion thereof equal to $1,000 or any integral multiple of $1,000 in excess thereof) into Cash and Common Stock at any time prior to the close of business on the second Business Day immediately preceding
the maturity date, subject to the conditions set forth in Section 5.01 of the Indenture. 
 The initial Conversion Price is $29.20 per
share, and the initial Conversion Rate is approximately 34.2466 shares of Common Stock, in each case subject to adjustment under certain circumstances as provided in the Indenture. No fractional shares will be issued upon conversion; in lieu
thereof, the Company shall deliver a number of shares of Common Stock equal to the aggregate of the fractional shares otherwise deliverable for each Trading Day during the Conversion Period (rounding down to the nearest whole number) and Cash equal
to the remainder multiplied by the Daily VWAP on the last Trading Day of the relevant Conversion Period. 
 A Security in respect of which a
Holder had delivered a Fundamental Change Purchase Notice exercising the option of such Holder to require the Company to purchase such Security may be converted only if the Fundamental Change Purchase Notice is withdrawn in accordance with the terms
of the Indenture. 
  

	7.	SUBORDINATION 

 The Securities are subordinated in right of
payment to Senior Indebtedness, as defined in the Indenture, on the terms set forth in Article 6 of the Indenture. To the extent provided in the Article 6 of the Indenture, Senior Indebtedness must be paid before the Securities may be paid. The
Company agrees, and each Securityholder by accepting a Security agrees, to the subordination provisions contained in the Indenture, authorizes the Trustee to give such provisions effect and appoints the Trustee as attorney-in-fact for such purpose.

  

 A-R-2 

	8.	DENOMINATIONS, TRANSFER, EXCHANGE 

 The Securities are in
registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000. A Holder may transfer or exchange Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes or other governmental charges that may be imposed in relation thereto by law or permitted by the Indenture. 
  

	9.	PERSONS DEEMED OWNERS 

 The Holder of a Security may be
treated as the owner of it for all purposes. 
  

	10.	UNCLAIMED MONEY 

 If money for the payment of principal or
interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its written request, subject to applicable unclaimed property law. After any such payment, Holders entitled to money must look to the
Company for payment as general creditors unless an applicable abandoned property law designates another person. 
  

	11.	AMENDMENT, SUPPLEMENT AND WAIVER 

 Subject to the
exceptions set forth in the Indenture, the Securities and the Indenture may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Securities then outstanding, and an existing
default or Event of Default with respect to the Securities and its consequence or compliance with any provision of the Securities or the Indenture may be waived in a particular instance with the consent of the Holders of a majority in aggregate
principal amount of the Securities then outstanding. Without notice to or the consent of any Holder, the Company and the Trustee may amend or supplement the Indenture or the Securities to, among other things, cure any ambiguity, correct any defect
or inconsistency or make any other change that does not adversely affect the rights of any Holder. 
  

	12.	SUCCESSOR ENTITY 

 When a successor corporation assumes all
the obligations of its predecessor under the Securities and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation (except in the circumstances specified in the Indenture) shall be released from those
obligations. 
  

	13.	DEFAULTS AND REMEDIES 

 Under the Indenture, an Event of
Default with respect to the Securities includes: (i) default in the payment of any principal of any Security when the same becomes due and payable; (ii) defaults in the payment of Cash and shares of Common Stock (if any) owing upon
conversion of any Security (including any Additional Shares), when the same becomes due and payable; (iii) default for 30 days in the payment of interest (including any Additional Interest) when the same becomes due and payable;
(iv) failure by the Company for 60 days after notice to it to comply with any of its other agreements contained in the Securities or in the Indenture with 

  

 A-R-3 

 
respect to the Securities; (v) default in payment of the purchase price of any Security when the same becomes due and payable; (vi) failure to
provide a Fundamental Change Purchase Notice when required; (vii) any Indebtedness for money borrowed of the Company or a Significant Subsidiary in an outstanding principal amount in excess of $37.5 million is not paid at stated maturity or is
accelerated and such Indebtedness is not discharged, or such default in payment or acceleration is not cured or rescinded within the applicable grace period, if any, specified in the agreement or Instrument relating to such Indebtedness;
(viii) the Company or a Significant Subsidiary fails to pay one or more final and non-appealable judgments entered by a court of competent jurisdiction, the aggregate uninsured or unbonded portion of which is in excess of $37.5 million, if the
judgments are not paid, discharged or stayed within 30 days; and (xi) certain events of bankruptcy, insolvency or reorganization of the Company or any Significant Subsidiary. If an Event of Default with respect to the Securities (other than as
a result of certain events of bankruptcy, insolvency or reorganization specified in the Indenture) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding may declare all
unpaid principal to the date of acceleration on the Securities then outstanding to be due and payable immediately, all as and to the extent, and subject to the exceptions, provided in the Indenture. If an Event of Default occurs as a result of
certain events of bankruptcy, insolvency or reorganization specified in the Indenture, all unpaid principal of the Securities then outstanding shall become due and payable immediately without any declaration or other act on the part of the Trustee
or any Holder, all as and to the extent provided in the Indenture. Holders may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or
the Securities. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then outstanding may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any
continuing default (except a default in payment of principal or interest, including the failure to make Cash payments due upon conversion) if it determines that withholding notice is in their interests. 
  

	14.	TRUSTEE DEALINGS WITH THE COMPANY 

 The Bank of New York,
the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or an Affiliate of the Company and may otherwise deal with the Company or an Affiliate of the
Company, as if it were not the Trustee. 
  

	15.	NO RECOURSE AGAINST OTHERS 

 A director, officer, employee
or shareholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. The Holder of
this Security by accepting this Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Security. 
  

	16.	AUTHENTICATION 

 This Security shall not be valid until the
Trustee or an authenticating agent manually or by facsimile signs the certificate of authentication on the face of this Security. 
  

 A-R-4 

	17.	ABBREVIATIONS AND DEFINITIONS 

 Customary abbreviations may
be used in the name of the Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and UGMA (= Uniform
Gifts to Minors Act). 
 All terms defined in the Indenture and used in this Security but not specifically defined herein are used herein as
so defined. 
  

	18.	INDENTURE TO CONTROL; GOVERNING LAW 

 In the case of any
conflict between the provisions of this Security and the Indenture, the provisions of the Indenture shall control. This Security shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts made
and to be performed in such state. 
 The Company will furnish to any Holder, upon written request and without charge, a copy of the
Indenture. Requests may be made to: Endo Pharmaceuticals Holdings Inc., 100 Endo Boulevard, Chadds Ford, Pennsylvania 19317, Attention: Chief Financial Officer. 
  

 A-R-5 

 ASSIGNMENT FORM (4) 
 To assign this Security, fill in the form below: 
 I or we assign and transfer this Security to 
  

	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	
	  

	
	  

	
	  

	
	  

 (Print or type assignee’s name, address and zip code) 
 and irrevocably appoint 
  

	
	
	  

	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him or her.

  

							
		 		 		 	Your Signature:
				
	Date:	 	                    	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Security)
				
		 	*Signature guaranteed by:	 		 	
				
	By:	 	  
	 		 	

  

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion
Program (STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

	(4)	This form should be included only if the Security is a Certificated Security. 

  

 A-R-6 

 CONVERSION NOTICE (4) 
 To convert this Security into Common Stock of the Company, check the box:  ̈ 
 To convert
only part of this Security, state the principal amount to be converted (must be $1,000 or a integral multiple of $1,000): $             . 
 If you want the stock certificate made out in another person’s name, fill in the form below: 
  

	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	
	  

	
	  

	
	  

	
	  

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

							
		 		 		 	Your Signature:
				
	Date:	 	                    	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Security)
				
		 	*Signature guaranteed by:	 		 	
				
	By:	 	  
	 		 	

  

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion
Program (STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

	(4)	This form should be included only if the Security is a Certificated Security. 

  

 A-R-7 

 OPTION TO ELECT REPURCHASE 
 UPON A FUNDAMENTAL CHANGE (4) 
 To: Endo Pharmaceuticals Holdings Inc. 
 The undersigned registered owner of this Security hereby irrevocably acknowledges receipt of a notice from Endo Pharmaceuticals Holdings Inc. (the
“Company”) as to the occurrence of a Fundamental Change with respect to the Company and requests and instructs the Company to redeem the entire principal amount of this Security, or the portion thereof (which is $1,000 or an integral
multiple thereof) below designated, in accordance with the terms of the Indenture referred to in this Security at a purchase price equal to the Fundamental Change Purchase Price, payable in Cash. 
  

							
	Dated:	 	                    	 		 	  

				
		 		 		 	  

		 		 		 	Signature(s) must be guaranteed by a qualified guarantor institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities Exchange Act of
1934.
				
		 		 		 	  

		 		 		 	Signature Guaranty

 Principal amount to be redeemed (in an 
 integral multiple of $1,000, if less than 
 all): 
 NOTICE: The signature to the foregoing Election must correspond to the Name as written upon the face of this Security in every particular, without alteration or any change whatsoever. 
  

	(4)	This form should be included only if the Security is a Certificated Security. 

  

 A-R-8 

 SCHEDULE OF EXCHANGES OF SECURITIES (5) 
 The following exchanges, redemptions, repurchases or conversions of a part of this Global Security have been made: 
  

							
	 Principal Amount
 of this Global Security
 Following
Such Decrease
 Date of Exchange
 (or Increase)
	  	 Authorized
 Signatory of
 Securities
 Custodian
	  	 Amount of
 Decrease in
 Principal
Amount
 of this Global Security
	  	 Amount of
 Increase in
 Principal
Amount
 of this Global Security 

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  

	(5)	This schedule should be included only if the Security is a Global Security. 

  

 A-R-9 

 EXHIBIT B 
 FORM OF TRANSFER CERTIFICATE FOR TRANSFER 
 OF RESTRICTED COMMON STOCK 
 [NAME AND ADDRESS OF COMMON STOCK TRANSFER AGENT] 
  

	 	Re:	Endo Pharmaceuticals Holdings Inc. 1.75% Convertible Senior Subordinated Notes Due 2015 (the “Securities”) 

 Reference is hereby made to the Indenture dated as of April 15, 2008 between the Company and the Trustee (the “Indenture”). Capitalized terms used but not
defined herein shall have the meanings given them in the Indenture. 
 This letter relates to
                     shares of Common Stock [that are to be] [represented by the accompanying certificate(s) that were] issued upon conversion
of Securities and which are held in the name of [name of transferor] (the “Transferor”) to effect the transfer of such Common Stock. 
 In
connection with the transfer of such shares of Common Stock, the undersigned confirms that such shares of Common Stock are being transferred: 
 CHECK ONE BOX
BELOW: 
  ̈ To the Company or any Subsidiary thereof. 
  ̈ To a person the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”)), in accordance with Rule 144A under the Securities Act. 
  ̈ Pursuant to another available
exemption from the registration requirements of the Securities Act. 
  

 B-1 

 Unless one of the boxes is checked, the transfer agent will refuse to register any of the Common Stock evidenced by this
certificate in the name of any person other than the registered holder thereof; provided, however, that if the third box is checked, the transfer agent may require, prior to registering any such transfer of the Common Stock such
certifications and other information, including opinions of counsel, as the Company has reasonably requested in writing, by delivery to the transfer agent of a standing letter of instruction, to confirm that such transfer is being made pursuant to
an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 
  

			
	 [Name of Transferor],

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 Dated:

  

 B-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]