Document:

Document

Exhibit 10.1

EIGHTH AMENDMENT TO CREDIT AGREEMENT
Dated as of April 24, 2020
among
FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC,
as the Company,
FLEETCOR TECHNOLOGIES, INC.,
as the Parent,
THE DESIGNATED BORROWERS PARTY HERETO,
CAMBRIDGE MERCANTILE CORP. (U.S.A.),
as the Additional Borrower,
THE OTHER GUARANTORS PARTY HERETO,
BANK OF AMERICA, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer,
PNC CAPITAL MARKETS, LLC,
TD BANK, N.A.
and
WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as CoSyndication Agents,
BMO Harris Bank, N.A.,
THE BANK OF NOVA SCOTIA,
Capital One, National Association,
REGIONS BANK
and
Fifth Third Bank, National Association,
as CoDocumentation Agents,
Citibank, N.A.,
BARCLAYS BANK PLC,
JPMORGAN CHASE BANK, N.A.,
ROYAL BANK OF CANADA
and
Santander Bank, N.A.,
as Co-Managing Agents 
and
THE OTHER LENDERS PARTY HERETO
BOFA SECURITIES, INC.,
PNC CAPITAL MARKETS, LLC
and

WELLS FARGO SECURITIES, LLC,
as Joint Lead Arrangers and Joint Bookrunners

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EIGHTH AMENDMENT TO CREDIT AGREEMENT

THIS EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of April 24, 2020 (the “Eighth Amendment Effective Date”) is entered into among FleetCor Technologies Operating Company, LLC, a Louisiana limited liability company (the “Company”), FleetCor Technologies, Inc., a Delaware corporation (the “Parent”), the Designated Borrowers party hereto (including FleetCor Luxembourg Holding2, a société à responsabilité limitée incorporated under the laws of the Grand-Duchy of Luxembourg, having its registered office at 5, rue Guillaume Kroll, L-1882 Luxembourg and registered with the Registre de Commerce et des Sociétés, Luxembourg under number B 121.980), Cambridge Mercantile Corp. (U.S.A.), a Delaware corporation (the “Additional Borrower”), the other Guarantors party hereto, the Lenders party hereto (including each New Lender (as defined below)), and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), L/C Issuer and Swing Line Lender.  Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Existing Credit Agreement (as defined below) or the Amended Credit Agreement (as defined below), as applicable.

RECITALS

WHEREAS, the Company, the Parent, the Designated Borrowers from time to time party thereto, the Additional Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender, are parties that that certain Credit Agreement dated as of October 24, 2014 (as amended, modified, supplemented, increased or extended from time to time prior to the Eighth Amendment Effective Date, the “Existing Credit Agreement”);

WHEREAS, the Company has requested that (a) each Revolving D Lender provide a Revolving D Commitment in the amount set forth opposite such Revolving D Lender’s name on Schedule 2.01 attached hereto, subject to the terms and conditions specified in this Amendment and the Amended Credit Agreement, and (b) the Existing Credit Agreement be amended as set forth below, subject to the terms and conditions specified in this Amendment; and
WHEREAS, (a) each Revolving D Lender is willing to provide a Revolving D Commitment in the amount set forth opposite such Revolving D Lender’s name on Schedule 2.01 attached hereto, subject to the terms and conditions specified in this Amendment and the Amended Credit Agreement, and (b) each party hereto is willing to amend the Existing Credit Agreement as set forth below, subject to the terms and conditions specified in this Amendment.

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

1. Establishment of Aggregate Revolving D Commitments.  Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, the Aggregate Revolving D Commitments are hereby established in an aggregate principal amount of $250,000,000.  Each Revolving D Lender severally agrees to make Revolving D Loans in Dollars to the Company as set forth in, and subject to the terms and conditions set forth in, the Amended Credit Agreement.

2. Amendments to Existing Credit Agreement.  The Existing Credit Agreement is hereby amended as follows:

(a) The Existing Credit Agreement is hereby amended in its entirety to read in the form attached hereto as Annex A (the Existing Credit Agreement, as so amended, the “Amended Credit Agreement”).  

(b) Schedule 2.01 to the Existing Credit Agreement is hereby amended to add the columns set forth on Schedule 2.01 attached hereto.

(c) Exhibits A and O to the Existing Credit Agreement are hereby amended in their entireties to read in the forms attached hereto as Exhibits A and O, respectively.  

(d) Except as set forth in Sections 2(b) and (c), all schedules and exhibits to the Existing Credit Agreement (as amended prior to the Eighth Amendment Effective Date) shall not be modified or otherwise affected hereby.

3. Conditions Precedent.  This Amendment, and the obligation of each Revolving D Lender to make Revolving D Loans under the Amended Credit Agreement, shall be effective upon satisfaction of the following conditions precedent:

(a) Receipt by the Administrative Agent of counterparts of this Amendment duly executed by (i) a Responsible Officer of the Company, the Parent, the Designated Borrowers, the Additional Borrower, and the other Guarantors, (ii) the Required Lenders, and (iii) each Revolving D Lender.
(b) Receipt by the Administrative Agent of Revolving Notes dated the Eighth Amendment Effective Date, executed by a Responsible Officer of the Company in favor of each New Lender requesting a Revolving Note from the Company.
(c) Receipt by the Administrative Agent of favorable opinions of legal counsel to the U.S. Loan Parties, addressed to the Administrative Agent and each Lender (including each New Lender), and dated as of the Eighth Amendment Effective Date, in form and substance satisfactory to the Administrative Agent.
(d) Receipt by the Administrative Agent of a certificate of each U.S. Loan Party, in each case, duly executed by a Responsible Officer of each such Loan Party, dated as of the Eighth Amendment Effective Date, (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to the this Amendment and the transactions contemplated hereby (including the establishment of the Aggregate Revolving D Commitments), (ii) certifying and attaching copies of the Organization Documents of such Loan Party, certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable (or, as to any such Organization Documents that have not been amended, modified or terminated since previously certified to the Administrative Agent, certifying that such Organization Documents have not been amended, modified or terminated since such date and remain in full force and effect, and true and complete, in the form previously delivered to the Administrative Agent on such date), and (iii) certifying as to the incumbency, identity, authority and capacity of each Responsible Officer of such Loan Party authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents to which such Loan Party is a party.
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(e) Receipt by the Administrative Agent of such documents and certifications as the Administrative Agent may require to evidence that each U.S. Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its jurisdiction of organization or formation.
(f) Receipt by the Administrative Agent of the following: (i) searches of Uniform Commercial Code filings and tax and judgment liens in the jurisdiction of formation of each U.S. Loan Party and each other jurisdiction reasonably required by the Administrative Agent, disclosing no Liens other than Permitted Liens; (ii) searches of ownership of, and Liens on, United States registered intellectual property of each U.S. Loan Party in the appropriate governmental offices, disclosing no Liens other than Permitted Liens; and (iii) duly executed notices of grant of security interest in substantially the form required by the Security Agreement as are necessary, in the Administrative Agent’s discretion, to perfect the Administrative Agent’s security interest in the United States registered intellectual property of the U.S. Loan Parties. 
(g) To the extent required by the Administrative Agent, receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including naming the Administrative Agent and its successors and assigns as additional insured (in the case of liability insurance) or lenders’ loss payee (in the case of property insurance) on behalf of the Lenders (including the New Lenders).
(h) All boards of directors, governmental, shareholder and material third party consents and approvals necessary in connection with this Amendment and the transactions contemplated hereby (including the establishment of the Aggregate Revolving D Commitments) shall have been obtained.
(i) There has not occurred since December 31, 2019 any event or circumstance that has had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.
(j) Receipt by the Administrative Agent of a certificate, dated as of the Eighth Amendment Effective Date, signed by a Responsible Officer of the Company certifying as to the satisfaction of the conditions set forth in Sections 3(h) and (i) and Section 4(c)(iv).
(k) Receipt by the Administrative Agent of a certificate, dated as of the Eighth Amendment Effective Date, signed by the Parent’s chief financial officer certifying that, after giving effect to this Amendment and any borrowings and other transactions to occur on the Eighth Amendment Effective Date, the Parent and its Subsidiaries on a consolidated basis are Solvent.
(l) Receipt by the Administrative Agent of projections for the Parent and its Subsidiaries, in form and substance satisfactory to the Administrative Agent.
(m) Receipt by the Administrative Agent and each Lender (including any New Lender) of all documentation and other information that it has reasonably requested in writing that it has reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act.
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(n) To the extent any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, receipt by the Administrative Agent and each Lender (including each New Lender), to the extent requested by the Administrative Agent or such Lender (including any such New Lender), of a Beneficial Ownership Certification in relation to such Borrower.
(o) Receipt by BofA Securities (or any of its designated Affiliates) of any fees owing to BofA Securities (or any of its designated Affiliates), the Administrative Agent and the Lenders (including the New Lenders) that are required to be paid on or before the Eighth Amendment Effective Date.
(p) Unless waived by the Administrative Agent, the Company shall have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel, if so requested by the Administrative Agent) to the extent invoiced prior to or on the Eighth Amendment Effective Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided, that, such estimate shall not thereafter preclude a final settling of accounts between the Company and the Administrative Agent).

For purposes of determining compliance with the conditions specified in this Section 3, each Lender (including each New Lender) that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the Eighth Amendment Effective Date specifying its objections.

4. Miscellaneous.

(a) The Loan Documents and the obligations of the Loan Parties thereunder are hereby ratified and confirmed and shall remain in full force and effect according to their terms, as amended hereby.
(b) Each Loan Party (i) acknowledges and consents to all of the terms and conditions of this Amendment and the transactions contemplated hereby (including the establishment of the Aggregate Revolving D Commitments), (ii) affirms all of its obligations under the Loan Documents to which it is a party, and (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Loan Documents to which it is a party.  Each Loan Party hereby acknowledges that, as of the Eighth Amendment Effective Date, the security interests and Liens granted to the Administrative Agent for the benefit of the holders of the Obligations under the Collateral Documents to secure the Obligations are in full force and effect, are properly perfected, and are enforceable in accordance with the terms of the Security Agreement and the other Loan Documents.
(c) Each Loan Party hereby represents and warrants to the Administrative Agent and the Lenders (including the New Lenders) as follows:
(i) The execution, delivery and performance by such Loan Party of this Amendment has been duly authorized by all necessary corporate or other organizational action, and do not (A) contravene the terms of any of such Loan Party’s Organization 
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Documents; (B) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (1) any material Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries or (2) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (C) violate any Law.
(ii) This Amendment has been duly executed and delivered by such Loan Party and constitutes such Loan Party’s legal, valid and binding obligation, enforceable in accordance with its terms, subject to laws generally affecting creditors’ rights, to statutes of limitations and to principles of equity.
(iii) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, such Loan Party of this Amendment or the Amended Credit Agreement.
(iv) After giving effect to this Amendment: (A) the representations and warranties of such Loan Party set forth in Article VI of the Amended Credit Agreement and in each other Loan Document are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) on and as of the Eighth Amendment Effective Date with the same effect as if made on and as of the Eighth Amendment Effective Date, except to the extent such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) as of such earlier date, and except that for purposes of this Section 4(c)(iv)(A), the representations and warranties contained in subsections (a) and (b) of Section 6.05 of the Amended Credit Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to subsections (a) and (b), respectively, of Section 7.01 of the Amended Credit Agreement; and (B) no Default has occurred and is continuing or would result from the transactions contemplated by this Amendment. 
(v) The Persons signing this Amendment as Guarantors include all of the Subsidiaries existing as of the Eighth Amendment Effective Date that are required to become Guarantors pursuant to the Existing Credit Agreement on or prior to the Eighth Amendment Effective Date.
(d) Each Revolving D Lender that signs this Amendment as a Lender and that was not a Lender party to the Existing Credit Agreement prior to the effectiveness of this Amendment (each a “New Lender”) (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Amended Credit Agreement, (B) it meets all requirements of an Eligible Assignee under the Amended Credit Agreement (subject to receipt of such consents as may be required under the Amended Credit Agreement), (C) from and after the Eighth Amendment Effective Date, it shall be bound by the provisions of the Amended Credit Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder, (D) it has received a copy of the Existing Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 7.01 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and 
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decision to enter into this Amendment and become a Lender under the Amended Credit Agreement, on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (E) if it is a Foreign Lender, it has delivered any documentation required to be delivered by it pursuant to the terms of the Amended Credit Agreement; and (ii) agrees that (A) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
(e) Each of the Administrative Agent and each Loan Party agree that, as of the Eighth Amendment Effective Date, each New Lender shall (i) be a party to the Amended Credit Agreement (and, as applicable, the other Loan Documents), (ii) be a “Lender” and a “Revolving D Lender” for all purposes of the Amended Credit Agreement and the other Loan Documents, and (iii) have the rights and obligations of a Lender and a Revolving D Lender under the Amended Credit Agreement and the other Loan Documents.
(f) The address of each New Lender for purposes of all notices and other communications is as set forth on the Administrative Questionnaire delivered by such New Lender to the Administrative Agent.
(g) Each Lender (including each New Lender) party hereto and the L/C Issuer represents and warrants that, after giving effect to this Amendment, the representations and warranties of such Lender and the L/C Issuer set forth in the Amended Credit Agreement are true and correct as of the Eighth Amendment Effective Date.  Each party hereto acknowledges and agrees to the provisions set forth in Section 11.20 of the Amended Credit Agreement.
(h) This Amendment may be executed in any number of counterparts and by the various parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of an executed counterpart of this Amendment by telecopy or in any other electronic format (such as .pdf format) shall be effective as delivery of a manually executed original counterpart of this Amendment.  Subject to Section 11.16 of the Amended Credit Agreement, execution of this Amendment shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be.
(i) This Amendment is a Loan Document.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents.  Upon the effectiveness hereof, all references to the “Credit Agreement” set forth in any other agreement or instrument shall, unless otherwise specifically provided, be references to the Amended Credit Agreement.
(j) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW 
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YORK.  This Amendment shall be further subject to the terms and conditions of Sections 11.14 and 11.15 of the AMENDED credit agreement, the terms of which are incorporated herein by reference as if fully set forth herein. 
[remainder of page intentionally left blank]

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered by a duly authorized officer as of the date first above written.
COMPANY:   FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC,
a Louisiana limited liability company
By: /s/ Steve Pisciotta   
Name: Steve Pisciotta
Title: Treasurer
PARENT:   FLEETCOR TECHNOLOGIES, INC.,
a Delaware corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
DESIGNATED 
BORROWERS:   FLEETCOR UK ACQUISITION LIMITED,
a private limited company registered in England and Wales
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Director
ALLSTAR BUSINESS SOLUTIONS LIMITED,
a private limited company registered in England and Wales
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title:  Director
BUSINESS FUEL CARDS PTY LTD (formerly FleetCor Technologies Australia Pty Ltd),
a proprietary limited company registered in Australia, in accordance with section 127 of the Corporations Act 2001 (Cth)
ACN 161 721 106
By: /s/ Eric Dey    
Name: Eric Dey
Title: Director
By: /s/ Steve Pisciotta   
Name: Steve Pisciotta
Title: Director

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

FLEETCOR TECHNOLOGIES NEW ZEALAND LIMITED,
a company registered in New Zealand
By: /s/ Steven Joseph Pisciotta    
Name: Steven Joseph Pisciotta
Title:  Director
FLEETCOR LUXEMBOURG HOLDING2,
a société à responsabilité limitée incorporated under the laws of Luxembourg
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Type A Manager
ADDITIONAL 
BORROWER:   CAMBRIDGE MERCANTILE CORP. (U.S.A.),
a Delaware corporation
By: /s/ Gary McDonald    
Name: Gary McDonald
Title: President
GUARANTORS:  CFN HOLDING CO.,
a Delaware corporation
By: /s/ Steve Pisciotta   
Name: Steve Pisciotta
Title: Treasurer
CLC GROUP, INC.,
a Delaware corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
CORPORATE LODGING CONSULTANTS, INC.,
a Kansas corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

CREW TRANSPORTATION SPECIALISTS, INC.,
a Kansas corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
MANNATEC, INC.,
a Georgia corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
FLEETCOR FUEL CARDS LLC,
a Delaware limited liability company
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
Pacific Pride Services, LLC,
a Delaware limited liability company
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
NVOICEPAY, INC.,
an Oregon corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
GEHL COMPANIES, INC.,
a Minnesota corporation
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
LJK COMPANIES, LLC,
a Minnesota limited liability company
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

Title: Treasurer

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

nhi-2, llc,
an Illinois limited liability company
By: /s/ Steve Pisciotta    
Name: Steve Pisciotta
Title: Treasurer
FCHC Holding Company, LLC,
a Delaware limited liability company
By: /s/ John Coughlin    
Name: John Coughlin
Title: President
Comdata Inc.,
a Delaware corporation
By: /s/ Robert E. Kribbs    
Name: Robert E. Kribbs
Title: Vice President
Comdata TN, Inc.,
a Tennessee corporation
By: /s/ Robert E. Kribbs    
Name: Robert E. Kribbs
Title: Vice President
Comdata Network, Inc. of California,
a California corporation
By: /s/ Robert E. Kribbs    
Name: Robert E. Kribbs
Title: Vice President
CAMBRIDGE MERCANTILE CORP. (NEVADA),
a Delaware corporation
By: /s/ Michael Rockouski    
Name: Michael Rockouski
Title: President

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

COMDATA LA, LLC,
a Louisiana limited liability company
By: Comdata Inc., a Delaware corporation, its sole member
By: /s/ Robert E. Kribbs    
Name: Robert E. Kribbs
Title: Vice President

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

ADMINISTRATIVE
AGENT:   bank of america, n.a.,
as Administrative Agent
By: /s/ Felicia Brinson    
Name:  Felicia Brinson
Title:  Assistant Vice President

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

LENDERS:   bank of america, n.a.,
as a Lender, Swing Line Lender and L/C Issuer
By: /s/ Ryan Maples    
Name:  Ryan Maples
Title:   Senior Vice President

FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC
EIGHTH AMENDMENT TO CREDIT AGREEMENT

PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Andrew Fraser    
Name:  Andrew Fraser
Title:   Vice President

TD BANK, N.A.,
as a Lender
By: /s/ Craig Welch    
Name:  Craig Welch
Title:   Senior Vice President

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Lex Mayers    
Name:  Lex Mayers
Title:  SVP

BMO HARRIS BANK, N.A.,
as a Lender
By: /s/ Christina Boyle     
Name:  Christina Boyle
Title:   Managing Director

THE BANK OF NOVA SCOTIA,
as a Lender
By: /s/ David Vishny    
Name:  David Vishny
Title:   Managing Director

REGIONS BANK,
as a Lender
By: /s/ Jason Douglas    
Name:   Jason Douglas
Title:   Director
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FIFTH THIRD BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Dan Komitor    
Name:  Dan Komitor
Title:   Managing Director

CITIBANK, N.A.,
as a Lender
By: /s/ Marina Donskaya    
Name:  Marina Donskaya
Title:   Managing Director

BARCLAYS BANK PLC,
as a Lender
By: /s/ Martin Corrigan    
Name:  Martin Corrigan
Title: Vice President

CAPITAL ONE, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Jonathan Malden     
Name:  Jonathan Malden
Title:    Duly Authorized Signatory

JPMORGAN CHASE BANK, N.A.,
as a Lender
By: /s/ Peter B. Thauer    
Name:  Peter B. Thauer
Title:   Managing Director

ROYAL BANK OF CANADA,
as a Lender
By: /s/ Jennifer Flann    
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Name:   Jennifer Flann
Title:   Director

SANTANDER BANK, N.A.,
as a Lender
By: /s/ Donna Cleary    
Name:   Donna Cleary
Title:   Senior Vice President

FIRST COMMONWEALTH BANK,
as a Lender
By: /s/ Jason R. Borgoyne    
Name:   Jason R. Borgoyne
Title:   Officer

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MIZUHO BANK LTD.,
as a Lender
By: /s/ Donna DeMagistris    
Name:   Donna DeMagistris
Title:   Authorized Signatory

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sYNOVUS bANK,
as a Lender
By: /s/ Chandra Cockrell    
Name:   Chandra Cockrell
Title:      

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PEOPLE’S UNITED BANK, NATIONAL ASSOCIATION, 
as a Lender
By: /s/ Kathryn Williams    
Name:   Kathryn Williams
Title:   SVP

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THE HUNTINGTON NATIONAL BANK,
as a Lender
By: /s/ Ryan Benefiel    
Name:   Ryan Benefiel
Title:   Assistant Vice President

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MUFG BANK, LTD.,
as a Lender
By: /s/ George Stoecklein    
Name:   George Stoecklein
Title:   Managing Director

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55 Loan Strategy Fund Series 2 A Series Trust of
Multi Manager Global Investment Trust
As a Lender
By: BlackRock Financial Management Inc., Its
Investment manager

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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55 Loan Strategy Fund Series 3 A Series Trust of
Multi Manager Global Investment Trust
As a Lender
By: BlackRock Financial Management Inc., Its
Investment manager

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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55 Loan Strategy Fund Series 4 a Series Trust of
Multi Manager Global Investment Trust
As a Lender
By: BlackRock Financial Management Inc., Its
Investment manager

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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BR US Leveraged Loans Fund a Series Trust of
MYL Global Investment Trust
As a Lender
By: BlackRock Financial Management Inc., Its
Investment manager

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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Delaware Life Insurance Company
As a Lender

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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Employers Assurance Company
As a Lender
By: BlackRock Financial Management Inc., Its
Investment Advisor

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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Employers Compensation Insurance Company
As a Lender
By: BlackRock Financial Management Inc., Its
Investment Advisor

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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Employers Reassurance Corporation
As a Lender
By: BlackRock Financial Management Inc., Its
Investment Advisor

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

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ZURICH AMERICAN LIFE INSURANCE COMPANY
As a Lender
By: BlackRock Financial Management Inc., Its
Investment Advisor

By: /s/ Rob Jacobi    
Name:   Rob Jacobi
Title: Authorized Signatory 

CHAR1\1721076v4

CHAR1\1721076v4

Annex A

Amended Credit Agreement

[see attached]

CHAR1\1721076v4

Schedule 2.01 

Revolving D Commitments and Applicable Percentages of Aggregate Revolving D Commitments
									
	Revolving D Lender	Revolving D Commitment	Applicable Percentage of Aggregate Revolving D Commitments
	Bank of America, N.A.	$22,500,000.00	9.000000000%
	PNC Bank, National Association	$22,500,000.00	9.000000000%
	TD Bank, N.A.	$22,500,000.00	9.000000000%
	Wells Fargo Bank, National Association	$22,500,000.00	9.000000000%
	BMO Harris Bank, N.A.	$22,500,000.00	9.000000000%
	The Bank of Nova Scotia	$17,500,000.00	7.000000000%
	Regions Bank	$15,000,000.00	6.000000000%
	Fifth Third Bank, National Association	$10,000,000.00	4.000000000%
	Citibank, N.A.	$25,000,000.00	10.000000000%
	Barclays Bank PLC	$15,000,000.00	6.000000000%
	Capital One, National Association	$15,000,000.00	6.000000000%
	JPMorgan Chase Bank, N.A.	$15,000,000.00	6.000000000%
	Royal Bank of Canada	$15,000,000.00	6.000000000%
	Santander Bank, N.A.	$10,000,000.00	4.000000000%
	TOTAL	$250,000,000.00	100.000000000%

CHAR1\1721076v4

EXHIBIT A

FORM OF LOAN NOTICE

Date:  __________, 20__

To: Bank of America, N.A., as Administrative Agent

Re: Credit Agreement dated as of October 24, 2014 (as amended, modified, supplemented or extended from time to time, the “Credit Agreement”) among FleetCor Technologies Operating Company, LLC (the “Company”), FleetCor Technologies, Inc., a Delaware corporation (the “Parent”), the Designated Borrowers from time to time party thereto, the Additional Borrower, to the extent the Additional Borrower has become a Borrower under the Credit Agreement, the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.  Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Ladies and Gentlemen:

The undersigned hereby requests (select one):

  A Borrowing of Revolving A Loans 

  A Borrowing of Revolving B Loans

  A Borrowing of Revolving C Loans

  A Borrowing of Revolving D Loans

  A Borrowing of the Term A Loan

  A Borrowing of the Term B-3 Loan 

  A conversion or continuation of Revolving A Loans

  A conversion or continuation of Revolving B Loans

  A conversion or continuation of Revolving C Loans

  A conversion or continuation of Revolving D Loans

  A conversion or continuation of the Term A Loan

  A conversion or continuation of the Term B-3 Loan

1. On _______________, 20__ (which is a Business Day).
CHAR1\1721076v4

2. In the amount of [$]__________.

3. Comprised of ______________ (Type of Loan requested).

4. In the following currency: ________________________

5. For Eurocurrency Rate Loans: with an Interest Period of __________ months.

6. On behalf of ____________________________ [insert name of applicable Borrower].

The Company hereby represents and warrants that (a) after giving effect to any Borrowing of Revolving Loans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the Total Revolving A Outstandings shall not exceed the Aggregate Revolving A Commitments, (iii) the Total Revolving B Outstandings shall not exceed the Aggregate Revolving B Commitments, (iv) the Total Revolving C Outstandings shall not exceed the Aggregate Revolving C Commitments, (v) the Total Revolving D Outstandings shall not exceed the Aggregate Revolving D Commitments, (vi) the aggregate Outstanding Amount of the Revolving A Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage of the Outstanding Amount of all Domestic Swing Line Loans shall not exceed such Lender’s Revolving A Commitment, (vii) the aggregate Outstanding Amount of the Revolving B Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Foreign Swing Line Loans shall not exceed such Lender’s Revolving B Commitment, (viii) the aggregate Outstanding Amount of the Revolving C Loans of any Lender shall not exceed such Lender’s Revolving C Commitment, and (ix) the aggregate Outstanding Amount of the Revolving D Loans of any Lender shall not exceed such Lender’s Revolving D Commitment; and (b) each of the conditions set forth in Sections 5.03(a) and (b) of the Credit Agreement has been satisfied on and as of the date of such Borrowing.

[Insert Borrower Name]

By:     
Name:
Title:

CHAR1\1721076v4

EXHIBIT O
FORM OF NOTICE OF LOAN PREPAYMENT
TO:  Bank of America, N.A., as [Administrative Agent][Swing Line Lender]
RE: Credit Agreement dated as of October 24, 2014 (as amended, modified, supplemented or extended from time to time, the “Credit Agreement”) among FleetCor Technologies Operating Company, LLC (the “Company”), FleetCor Technologies, Inc., a Delaware corporation (the “Parent”), the Designated Borrowers from time to time party thereto, the Additional Borrower, to the extent the Additional Borrower has become a Borrower under the Credit Agreement, the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.  Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.
DATE:  [Date]
The [insert name of Borrower] (the “Borrower”) hereby notifies the [Administrative Agent][Swing Line Lender] that on _____________ pursuant to the terms of Section 2.05 of the Credit Agreement, the Borrower intends to prepay/repay the following Loans as more specifically set forth below:

 Optional prepayment of [Revolving A] [Revolving B] [Revolving C] [Revolving D] [Term A] [Term B-3] [Incremental Term] Loans in the following amount(s):
        
 Eurocurrency Rate Loans: $   
         [In the following Alternative Currency:    ]
         Applicable Interest Period:   

 Base Rate Loans:  $   

 Optional prepayment of Domestic Swing Line Loans in the following amount: $  

 Optional prepayment of Foreign Swing Line Loans in the following amount: $   and in the following currency: _______________.
Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

CHAR1\1721076v3

CHAR1\1721076v3

[BORROWER NAME],
a [Jurisdiction and Type of Organization]
By:      
Name:      
Title:      
CHAR1\1721076v4EX-4.1

 Exhibit 4.1 
  

 
  

BLOOMIN’ BRANDS, INC. 

and 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION 
 as Trustee 
  

 
 INDENTURE 

Dated as of May 8, 2020 
  

 
 5.00%
Convertible Senior Notes due 2025 
  
  

 
  

 TABLE OF CONTENTS 

 

									
	 	  	Page	 
		
	 Article 1. Definitions; Rules of Construction
	  	 	1	 
				
	         
	 	 Section 1.01.
	  	Definitions.	  	 	1	 
		 	 Section 1.02.
	  	Other Definitions.	  	 	12	 
		 	 Section 1.03.
	  	Rules of Construction.	  	 	13	 
		
	 Article 2. The Notes
	  	 	13	 
				
		 	 Section 2.01.
	  	Form, Dating and Denominations.	  	 	13	 
		 	 Section 2.02.
	  	Execution, Authentication and Delivery.	  	 	14	 
		 	 Section 2.03.
	  	Initial Notes and Additional Notes.	  	 	15	 
		 	 Section 2.04.
	  	Method of Payment.	  	 	15	 
		 	 Section 2.05.
	  	Accrual of Interest; Defaulted Amounts; When Payment Date is Not a Business Day.	  	 	16	 
		 	 Section 2.06.
	  	Registrar, Paying Agent and Conversion Agent.	  	 	16	 
		 	 Section 2.07.
	  	Paying Agent and Conversion Agent to Hold Property in Trust.	  	 	17	 
		 	 Section 2.08.
	  	Holder Lists.	  	 	18	 
		 	 Section 2.09.
	  	Legends.	  	 	18	 
		 	 Section 2.10.
	  	Transfers and Exchanges; Certain Transfer Restrictions.	  	 	19	 
		 	 Section 2.11.
	  	Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption.	  	 	23	 
		 	 Section 2.12.
	  	Removal of Transfer Restrictions.	  	 	24	 
		 	 Section 2.13.
	  	Replacement Notes.	  	 	25	 
		 	 Section 2.14.
	  	Registered Holders; Certain Rights with Respect to Global Notes.	  	 	25	 
		 	 Section 2.15.
	  	Cancellation.	  	 	25	 
		 	 Section 2.16.
	  	Notes Held by the Company or its Affiliates.	  	 	25	 
		 	 Section 2.17.
	  	Temporary Notes.	  	 	26	 
		 	 Section 2.18.
	  	Outstanding Notes.	  	 	26	 
		 	 Section 2.19.
	  	Repurchases by the Company.	  	 	26	 
		 	 Section 2.20.
	  	CUSIP and ISIN Numbers.	  	 	27	 
		
	 Article 3. Covenants
	  	 	27	 
				
		 	 Section 3.01.
	  	Payment on Notes.	  	 	27	 
		 	 Section 3.02.
	  	Exchange Act Reports.	  	 	27	 
		 	 Section 3.03.
	  	Rule 144A Information.	  	 	28	 
		 	 Section 3.04.
	  	Additional Interest.	  	 	28	 
		 	 Section 3.05.
	  	Compliance and Default Certificates.	  	 	29	 
		 	 Section 3.06.
	  	Stay, Extension and Usury Laws.	  	 	29	 
		 	 Section 3.07.
	  	Corporate Existence.	  	 	29	 
		 	 Section 3.08.
	  	Restriction on Acquisition of Notes by the Company and its Affiliates.	  	 	29	 
		 	 Section 3.09.
	  	Further Instruments and Acts.	  	 	30	 
		
	 Article 4. Repurchase and Redemption
	  	 	30	 

  
 - i - 

									
		 	 Section 4.01.
	  	No Sinking Fund	  	 	30	 
		 	 Section 4.02.
	  	Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change.	  	 	30	 
	         
	 	 Section 4.03.
	  	Right of the Company to Redeem the Notes.	  	 	34	 
		
	 Article 5. Conversion
	  	 	36	 
				
		 	 Section 5.01.
	  	Right to Convert.	  	 	36	 
		 	 Section 5.02.
	  	Conversion Procedures.	  	 	39	 
		 	 Section 5.03.
	  	Settlement upon Conversion.	  	 	41	 
		 	 Section 5.04.
	  	Reserve and Status of Common Stock Issued upon Conversion.	  	 	44	 
		 	 Section 5.05.
	  	Adjustments to the Conversion Rate.	  	 	44	 
		 	 Section 5.06.
	  	Voluntary Adjustments.	  	 	55	 
		 	 Section 5.07.
	  	Adjustments to the Conversion Rate in Connection with a Make-Whole Fundamental Change.	  	 	55	 
		 	 Section 5.08.
	  	Exchange in Lieu of Conversion.	  	 	56	 
		 	 Section 5.09.
	  	Effect of Common Stock Change Event.	  	 	57	 
		 	 Section 5.10.
	  	Responsibility of Trustee and Conversion Agent.	  	 	58	 
		
	 Article 6. Successors
	  	 	59	 
				
		 	 Section 6.01.
	  	When the Company May Merge, Etc.	  	 	59	 
		 	 Section 6.02.
	  	Successor Corporation Substituted.	  	 	60	 
		
	 Article 7. Defaults and Remedies
	  	 	60	 
				
		 	 Section 7.01.
	  	Events of Default.	  	 	60	 
		 	 Section 7.02.
	  	Acceleration.	  	 	62	 
		 	 Section 7.03.
	  	Sole Remedy for a Failure to Report.	  	 	62	 
		 	 Section 7.04.
	  	Other Remedies.	  	 	63	 
		 	 Section 7.05.
	  	Waiver of Past Defaults.	  	 	64	 
		 	 Section 7.06.
	  	Control by Majority.	  	 	64	 
		 	 Section 7.07.
	  	Limitation on Suits.	  	 	64	 
		 	 Section 7.08.
	  	Absolute Right of Holders to Institute Suit for the Enforcement of the Right to Receive Payment and Conversion Consideration.	  	 	65	 
		 	 Section 7.09.
	  	Collection Suit by Trustee.	  	 	65	 
		 	 Section 7.10.
	  	Trustee May File Proofs of Claim.	  	 	65	 
		 	 Section 7.11.
	  	Priorities.	  	 	66	 
		 	 Section 7.12.
	  	Undertaking for Costs.	  	 	66	 
		
	 Article 8. Amendments, Supplements and Waivers
	  	 	66	 
				
		 	 Section 8.01.
	  	Without the Consent of Holders.	  	 	66	 
		 	 Section 8.02.
	  	With the Consent of Holders.	  	 	67	 
		 	 Section 8.03.
	  	Notice of Amendments, Supplements and Waivers.	  	 	68	 
		 	 Section 8.04.
	  	Revocation, Effect and Solicitation of Consents; Special Record Dates; Etc.	  	 	69	 
		 	 Section 8.05.
	  	Notations and Exchanges.	  	 	69	 
		 	 Section 8.06.
	  	Trustee to Execute Supplemental Indentures.	  	 	69	 
		
	 Article 9. Satisfaction and Discharge
	  	 	70	 

  
 - ii - 

									
		 	 Section 9.01.
	  	Termination of Company’s Obligations.	  	 	70	 
		 	 Section 9.02.
	  	Repayment to Company.	  	 	70	 
	         
	 	 Section 9.03.
	  	Reinstatement.	  	 	71	 
		
	 Article 10. Trustee
	  	 	71	 
				
		 	 Section 10.01.
	  	Duties of the Trustee.	  	 	71	 
		 	 Section 10.02.
	  	Rights of the Trustee.	  	 	72	 
		 	 Section 10.03.
	  	Individual Rights of the Trustee.	  	 	73	 
		 	 Section 10.04.
	  	Trustee’s Disclaimer.	  	 	73	 
		 	 Section 10.05.
	  	Notice of Defaults.	  	 	73	 
		 	 Section 10.06.
	  	Compensation and Indemnity.	  	 	74	 
		 	 Section 10.07.
	  	Replacement of the Trustee.	  	 	75	 
		 	 Section 10.08.
	  	Successor Trustee by Merger, Etc.	  	 	76	 
		 	 Section 10.09.
	  	Eligibility; Disqualification.	  	 	76	 
		
	 Article 11. Miscellaneous
	  	 	76	 
				
		 	 Section 11.01.
	  	Notices.	  	 	76	 
		 	 Section 11.02.
	  	Delivery of Officer’s Certificate and Opinion of Counsel as to Conditions Precedent.	  	 	78	 
		 	 Section 11.03.
	  	Statements Required in Officer’s Certificate and Opinion of Counsel.	  	 	78	 
		 	 Section 11.04.
	  	Rules by the Trustee, the Registrar and the Paying Agent.	  	 	78	 
		 	 Section 11.05.
	  	No Personal Liability of Directors, Officers, Employees and Stockholders.	  	 	78	 
		 	 Section 11.06.
	  	Governing Law; Waiver of Jury Trial.	  	 	79	 
		 	 Section 11.07.
	  	Submission to Jurisdiction.	  	 	79	 
		 	 Section 11.08.
	  	No Adverse Interpretation of Other Agreements.	  	 	79	 
		 	 Section 11.09.
	  	Successors.	  	 	79	 
		 	 Section 11.10.
	  	Force Majeure.	  	 	79	 
		 	 Section 11.11.
	  	U.S.A. PATRIOT Act.	  	 	80	 
		 	 Section 11.12.
	  	Calculations.	  	 	80	 
		 	 Section 11.13.
	  	Severability.	  	 	80	 
		 	 Section 11.14.
	  	Counterparts.	  	 	80	 
		 	 Section 11.15.
	  	Table of Contents, Headings, Etc.	  	 	80	 
		 	 Section 11.16.
	  	Withholding Taxes.	  	 	80	 
		 	 Section 11.17.
	  	Benefits of Indenture.	  	 	81	 
		 	 Section 11.18.
	  	No Security Interest Created.	  	 	81	 
		
	 Exhibits
	  			
		
	 Exhibit A: Form of Note
	  	 	A-1	 
		
	 Exhibit B-1: Form of Restricted Note
Legend
	  	 	B1-1	 
		
	 Exhibit B-2: Form of Global Note
Legend
	  	 	B2-1	 
		
	 Exhibit B-3: Form of Non-Affiliate Legend
	  	 	B3-1	 

  

  
 - iii - 

 INDENTURE, dated as of May 8, 2020, between Bloomin’
Brands, Inc., a Delaware corporation, as issuer (the “Company”), and Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States, as trustee (the
“Trustee”). 
 Each party to this Indenture (as defined below) agrees as follows for the benefit of the
other party and for the equal and ratable benefit of the Holders (as defined below) of the Company’s 5.00% Convertible Senior Notes due 2025 (the “Notes”). 

Article 1. DEFINITIONS; RULES OF CONSTRUCTION 

Section 1.01. DEFINITIONS. 

“Additional Interest” means any interest that accrues on any Note pursuant to
Section 3.04. 
 “Affiliate” has the meaning set forth in Rule 144 as in effect
on the Issue Date. 
 “Authorized Denomination” means, with respect to a Note, a principal amount thereof
equal to $1,000 or any integral multiple of $1,000 in excess thereof. 
 “Bankruptcy Law” means Title 11,
United States Code, or any similar U.S. federal or state or non-U.S. law for the relief of debtors. 

“Bid Solicitation Agent” means the Person who is required to obtain bids for the Trading Price in accordance
with Section 5.01(C)(i)(2) and the definition of “Trading Price.” The initial Bid Solicitation Agent on the Issue Date will be the Company; provided, however, that the Company may appoint any other
Person (including any of the Company’s Subsidiaries) to be the Bid Solicitation Agent at any time after the Issue Date without prior notice. 

“Board of Directors” means the board of directors of the Company or a committee of such board duly authorized
to act on behalf of such board. 
 “Business Day” means any day other than a Saturday, a Sunday or any day
on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed. 

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

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

“Common Stock” means the common stock, $0.01 par value per share, of the Company, subject to
Section 5.09. 
 “Company” means the Person named as such in the first paragraph of this Indenture
and, subject to Article 6, its successors and assigns. 

  
 - 1 - 

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

“Conversion Price” means, as of any time, an amount equal to (A) one thousand dollars ($1,000)
divided by (B) the Conversion Rate in effect at such time. 
 “Conversion Rate” initially means
84.1220 shares of Common Stock per $1,000 principal amount of Notes; provided, however, that the Conversion Rate is subject to adjustment pursuant to Article 5; provided, further, that whenever this Indenture
refers to the Conversion Rate as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Conversion Rate immediately after the Close of Business on such date. 

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

“Daily Cash Amount” means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily
Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day. 
 “Daily Conversion
Value” means, with respect to any VWAP Trading Day, one-fortieth (1/40th) of the product of (A) the Conversion Rate on such VWAP Trading Day; and (B) the Daily VWAP per share of Common Stock
on such VWAP Trading Day. 
 “Daily Maximum Cash Amount” means, with respect to the conversion of any Note,
the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40). 

“Daily Share Amount” means, with respect to any VWAP Trading Day, the quotient obtained by dividing
(A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading Day. For the avoidance of doubt, the Daily Share Amount will be zero
for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount. 
 “Daily
VWAP” means, for any VWAP Trading Day, the per share volume-weighted average price of the Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg page “BLMN <EQUITY> AQR” (or, if such page is not
available, its equivalent successor page) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such VWAP Trading Day (or, if such volume-weighted average price is
unavailable, the market value of one share of Common Stock on such VWAP Trading Day, determined, using a volume-weighted average price method, by a nationally recognized independent investment banking firm selected by the Company, which may include
any of the Initial Purchasers). The Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session. 

  
 - 2 - 

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

“Depositary” means The Depository Trust Company or its successor. 

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

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

“Ex-Dividend Date” means, with respect to an issuance, dividend or
distribution on the Common Stock, the first date on which shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to
due bills or similar arrangements required by the relevant stock exchange). For the avoidance of doubt, any alternative trading convention on the applicable exchange or market in respect of the Common Stock under a separate ticker symbol or CUSIP
number will not be considered “regular way” for this purpose. 
 “Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended. 
 “Free Convertibility Date” means November 1, 2024.

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

  
 - 3 - 

 “Fundamental Change” means any of the following events:

 (A) a “person” or “group” (within the meaning of Section 13(d)(3) of the Exchange Act), other
than the Company or its Wholly Owned Subsidiaries, files any report with the SEC indicating that such person or group has become the direct or indirect “beneficial owner” (as defined below) of shares of the Company’s common equity
representing more than fifty percent (50%) of the voting power of all of the Company’s then-outstanding common equity; 

(B) the consummation of (i) any sale, lease or other transfer, in one transaction or a series of transactions, of all or
substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person; or (ii) any transaction or series of related transactions in connection with which (whether by means of merger, consolidation, share exchange,
combination, reclassification, recapitalization, acquisition, liquidation or otherwise) all of the Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, cash or other property;
provided, however, that any merger, consolidation, share exchange or combination of the Company pursuant to which the Persons that directly or indirectly “beneficially owned” (as defined below) all classes of the
Company’s common equity immediately before such transaction directly or indirectly “beneficially own,” immediately after such transaction, more than fifty percent (50%) of all classes of common equity of the surviving, continuing or
acquiring company or other transferee, as applicable, or the parent thereof, in substantially the same proportions vis-à-vis each other as immediately before such
transaction will be deemed not to be a Fundamental Change pursuant to this clause (B); 
 (C) the Company’s
stockholders approve any plan or proposal for the liquidation or dissolution of the Company; or 
 (D) the Common Stock
ceases to be listed on any of The New York Stock Exchange, The NASDAQ Global Market or The NASDAQ Global Select Market (or any of their respective successors); 

provided, however, that a transaction or event described in clause (A) or (B) above will not constitute a
Fundamental Change if at least ninety percent (90%) of the consideration received or to be received by the holders of Common Stock (excluding cash payments for fractional shares or pursuant to dissenters rights), in connection with such transaction
or event, consists of shares of common stock listed on any of The New York Stock Exchange, The NASDAQ Global Market or The NASDAQ Global Select Market (or any of their respective successors), or that will be so listed when issued or exchanged in
connection with such transaction or event, and such transaction or event constitutes a Common Stock Change Event whose Reference Property consists of such consideration. 

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

  
 - 4 - 

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

“Fundamental Change Repurchase Price” means the cash price payable by the Company to repurchase any Note upon
its Repurchase Upon Fundamental Change, calculated pursuant to Section 4.02(D). 
 “Global
Note” means a Note that is represented by a certificate substantially in the form set forth in Exhibit A, registered in the name of the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee,
and deposited with the Trustee, as custodian for the Depositary. 
 “Global Note Legend” means a legend
substantially in the form set forth in Exhibit B-2. 

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

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

“Initial Purchasers” means BofA Securities, Inc. and each of the other initial purchasers named in Schedule A
of the Purchase Agreement. 
 “Interest Payment Date” means, with respect to a Note, each May 1 and
November 1 of each year, commencing on November 1, 2020 (or commencing on such other date specified in the certificate representing such Note). For the avoidance of doubt the Maturity Date is an Interest Payment Date. 

“Issue Date” means May 8, 2020. 

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

  
 - 5 - 

 “Last Reported Sale Price” of the Common Stock for any
Trading Day means the closing sale price per share (or, if no closing sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the
average last ask prices per share) of Common Stock on such Trading Day as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is not listed
on a U.S. national or regional securities exchange on such Trading Day, then the Last Reported Sale Price will be the last quoted bid price per share of Common Stock on such Trading Day in the over-the-counter market as reported by OTC Markets Group Inc. or a similar organization. If the Common Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the average of the mid-point of the last bid price and the last ask price per share of Common Stock on such Trading Day from each of at least three (3) nationally recognized independent investment banking firms selected by the
Company, which may include the Initial Purchasers. Neither the Trustee nor the Conversion Agent will have any duty to determine the Last Reported Sale Price. 

“Make-Whole Fundamental Change” means (A) a Fundamental Change (determined after giving effect to the
proviso immediately after clause (D) of the definition thereof, but without regard to the proviso to clause (B)(ii) of such definition); or (B) the sending of a Redemption Notice pursuant to
Section 4.03(F); provided, however, that, subject to Section 4.03(I), the sending of a Redemption Notice will constitute a Make-Whole Fundamental Change only with respect to the Notes
called for Redemption pursuant to such Redemption Notice and not with respect to any other Notes. 
 “Make-Whole
Fundamental Change Conversion Period” has the following meaning: 
 (A) in the case of a Make-Whole Fundamental
Change pursuant to clause (A) of the definition thereof, the period from, and including, the Make-Whole Fundamental Change Effective Date of such Make-Whole Fundamental Change to, and including, the thirty-fifth (35th) Trading Day after
such Make-Whole Fundamental Change Effective Date (or, if such Make-Whole Fundamental Change also constitutes a Fundamental Change, to, but excluding, the related Fundamental Change Repurchase Date); and 

(B) in the case of a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the period
from, and including, the Redemption Notice Date for the related Redemption to, and including, the Business Day immediately before the related Redemption Date; 

provided, however, that if the Conversion Date for the conversion of a Note that has been called (or deemed, pursuant to
Section 4.03(I), to be called) for Redemption occurs during the Make-Whole Fundamental Change Conversion Period for both a Make-Whole Fundamental Change occurring pursuant to clause (A) of the definition of
“Make-Whole Fundamental Change” and a Make-Whole Fundamental Change resulting from such Redemption pursuant to clause (B) of such definition, then, notwithstanding anything to the contrary in
Section 5.07, solely for purposes of such conversion, (x) such Conversion Date will be deemed to occur solely during the Make-Whole Fundamental Change Conversion Period for the Make-Whole Fundamental Change with the
earlier Make-Whole Fundamental Change Effective Date; and (y) the Make-Whole Fundamental Change with the later Make-Whole Fundamental Change Effective Date will be deemed not to have occurred. 

  
 - 6 - 

 “Make-Whole Fundamental Change Effective Date” means
(i) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (ii) with respect to a Make-Whole
Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date. 

“Market Disruption Event” means, with respect to any date, the occurrence or existence, during the one-half hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange or other market on which the Common Stock is listed for trading or trades, of
any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common
Stock. 
 “Maturity Date” means May 1, 2025. 

“Non-Affiliate Legend” means a legend substantially in the form set
forth in Exhibit B-3. 
 “Note Agent” means any Registrar,
Paying Agent or Conversion Agent. 
 “Notes” means the 5.00% Convertible Senior Notes due 2025 issued by
the Company pursuant to this Indenture. 
 “Observation Period” means, with respect to any Note to be
converted, (A) subject to clause (B) below, if the Conversion Date for such Note occurs before the Free Convertibility Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the third (3rd) VWAP Trading
Day immediately after such Conversion Date; (B) if such Conversion Date occurs on or after the date the Company has sent a Redemption Notice calling all or any Notes for Redemption pursuant to Section 4.03(F) and
before the related Redemption Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the forty-first (41st) Scheduled Trading Day immediately before such Redemption Date; and (C) subject to clause
(B) above, if such Conversion Date occurs on or after the Free Convertibility Date, the forty (40) consecutive VWAP Trading Days beginning on, and including, the forty-first (41st) Scheduled Trading Day immediately before the Maturity
Date. 
 “Officer” means the Chairman of the Board of Directors, the Chief Executive Officer, the
President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of the Company. 

“Officer’s Certificate” means a certificate that is signed on behalf of the Company by one (1) of
its Officers and that meets the requirements of Section 11.03. 

  
 - 7 - 

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

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

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

“Purchase Agreement” means that certain Purchase Agreement, dated May 5, 2020, between the Company and
the Initial Purchasers. 
 “Redemption” means the repurchase of any Note by the Company pursuant to
Section 4.03. 
 “Redemption Date” means the date fixed, pursuant to
Section 4.03(D), for the settlement of the repurchase of any Notes by the Company pursuant to a Redemption. 

“Redemption Notice Date” means, with respect to a Redemption, the date on which the Company sends the
Redemption Notice for such Redemption pursuant to Section 4.03(F). 
 “Redemption
Price” means the cash price payable by the Company to redeem any Note upon its Redemption, calculated pursuant to Section 4.03(E). 

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

“Repurchase Upon Fundamental Change” means the repurchase of any Note by the Company pursuant to
Section 4.02. 
 “Responsible Officer” means (A) any officer within the
Corporate Trust Administration of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of such officers; and (B) with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of, and familiarity with, the particular subject and who has direct responsibility for the administration of this Indenture. 

  
 - 8 - 

 “Restricted Note Legend” means a legend substantially in
the form set forth in Exhibit B-1. 
 “Restricted Stock
Legend” means, with respect to any Conversion Share, a legend substantially to the effect that the offer and sale of such Conversion Share have not been registered under the Securities Act and that such Conversion Share cannot be sold or
otherwise transferred except pursuant to a transaction that is registered under the Securities Act or that is exempt from, or not subject to, the registration requirements of the Securities Act. 

“Rule 144” means Rule 144 under the Securities Act (or any successor rule thereto), as the same may be
amended from time to time. 
 “Rule 144A” means Rule 144A under the Securities Act (or any successor rule
thereto), as the same may be amended from time to time. 
 “Scheduled Trading Day” means any day that is
scheduled to be a Trading Day on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal
other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “Scheduled Trading day” means a Business Day. 

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

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

“Security” means any Note or Conversion Share. 

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

“Shoe Option” means the Initial Purchasers’ option to purchase up to $30,000,000 aggregate principal
amount of additional Notes as provided for in the Purchase Agreement. 
 “Significant Subsidiary” means,
with respect to any Person, any Subsidiary of such Person that constitutes, or any group of Subsidiaries of that Person that, in the aggregate, would constitute, a “significant subsidiary” (as defined in Rule
1-02(w) of Regulation S-X under the Exchange Act) of such Person. 

“Special Interest” means any interest that accrues on any Note pursuant to
Section 7.03. 
 “Specified Dollar Amount” means, with respect to the conversion
of a Note to which Combination Settlement applies, the maximum cash amount per $1,000 principal amount of such Note deliverable upon such conversion (excluding cash in lieu of any fractional share of Common Stock). 

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

  
 - 9 - 

 “Subsidiary” means, with respect to any Person,
(A) any corporation, association or other business entity (other than a partnership or limited liability company) of which more than fifty percent (50%) of the total voting power of the Capital Stock entitled (without regard to the occurrence
of any contingency, but after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association
or other business entity is owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person; and (B) any partnership or limited liability company where (i) more than fifty percent (50%)
of the capital accounts, distribution rights, equity and voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such
Person or one or more of the other Subsidiaries of such Person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (ii) such Person or any one or more of the other
Subsidiaries of such Person is a controlling general partner of, or otherwise controls, such partnership or limited liability company. 

“Trading Day” means any day on which (A) trading in the Common Stock generally occurs on the principal
U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then
traded; and (B) there is no Market Disruption Event. If the Common Stock is not so listed or traded, then “Trading Day” means a Business Day. 

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

  
 - 10 - 

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

(A) such Security is sold or otherwise transferred to a Person (other than the Company or an Affiliate of the Company)
pursuant to a registration statement that was effective under the Securities Act at the time of such sale or transfer; 

(B) such Security is sold or otherwise transferred to a Person (other than the Company or an Affiliate of the Company)
pursuant to an available exemption (including Rule 144) from the registration and prospectus-delivery requirements of, or in a transaction not subject to, the Securities Act and, immediately after such sale or transfer, such Security ceases to
constitute a “restricted security” (as defined in Rule 144); and 
 (C) such Security is eligible for resale, by a
Person that is not an Affiliate of the Company and that has not been an Affiliate of the Company during the immediately preceding three (3) months, pursuant to Rule 144 without any limitations thereunder as to volume, manner of sale,
availability of current public information or notice. 
 The Trustee is under no obligation to determine whether any
Security is a Transfer-Restricted Security and may conclusively rely on an Officer’s Certificate with respect thereto. 

“Trust Indenture Act” means the U.S. Trust Indenture Act of 1939, as amended. 

“Trustee” means the Person named as such in the first paragraph of this Indenture until a successor replaces
it in accordance with the provisions of this Indenture and, thereafter, means such successor. 
 “VWAP Market
Disruption Event” means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national
or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in
the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the
Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date. 

“VWAP Trading Day” means a day on which (A) there is no VWAP Market Disruption Event; and
(B) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities
exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day. 

  
 - 11 - 

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

Section 1.02. OTHER DEFINITIONS. 
  

					
	 Term
	  	Defined in Section	 
	 “Acceleration”
	  	 	7.01(A)(vii)(2)	 
	 “Additional Shares”
	  	 	5.07(A)	 
	 “Business Combination Event”
	  	 	6.01(A)	 
	 “Cash Settlement”
	  	 	5.03(A)	 
	 “Combination Settlement”
	  	 	5.03(A)	 
	 “Common Stock Change Event”
	  	 	5.09(A)	 
	 “Conversion Agent”
	  	 	2.06(A)	 
	 “Conversion Consideration”
	  	 	5.03(B)	 
	 “Dividend Threshold”
	  	 	5.05(A)(iv)	 
	 “Default Interest”
	  	 	2.05(B)	 
	 “Defaulted Amount”
	  	 	2.05(B)	 
	 “Event of Default”
	  	 	7.01(A)	 
	 “Expiration Date”
	  	 	5.05(A)(v)	 
	 “Expiration Time”
	  	 	5.05(A)(v)	 
	 “Fundamental Change Notice”
	  	 	4.02(E)	 
	 “Fundamental Change Repurchase Right”
	  	 	4.02(A)	 
	 “Initial Notes”
	  	 	2.03(A)	 
	 “Measurement Period”
	  	 	5.01(C)(i)(2)	 
	 “Paying Agent”
	  	 	2.06(A)	 
	 “Physical Settlement”
	  	 	5.03(A)	 
	 “Redemption Notice”
	  	 	4.03(F)	 
	 “Reference Property”
	  	 	5.09(A)	 
	 “Reference Property Unit”
	  	 	5.09(A)	 
	 “Register”
	  	 	2.06(B)	 
	 “Registrar”
	  	 	2.06(A)	 
	 “Reporting Event of Default”
	  	 	7.03(A)	 
	 “Specified Courts”
	  	 	11.07	 
	 “Spin-Off”
	  	 	5.05(A)(iii)(2)	 
	 “Spin-Off Valuation Period”
	  	 	5.05(A)(iii)(2)	 
	 “Stated Interest”
	  	 	2.05(A)	 
	 “Successor Corporation”
	  	 	6.01(A)	 
	 “Successor Person”
	  	 	5.09(A)	 
	 “Tender/Exchange Offer Reference Price”
	  	 	5.05(A)(v)	 
	 “Tender/Exchange Offer Valuation Period”
	  	 	5.05(A)(v)	 
	 “Trading Price Condition”
	  	 	5.01(C)(i)(2)	 

  
 - 12 - 

 Section 1.03. RULES OF CONSTRUCTION. 

For purposes of this Indenture: 

(A) “or” is not exclusive; 

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

(C) “will” expresses a command; 

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

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

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

 (G) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not
to any particular Article, Section or other subdivision of this Indenture, unless the context requires otherwise; 
 (H)
references to currency mean the lawful currency of the United States of America, unless the context requires otherwise; 

(I) the exhibits, schedules and other attachments to this Indenture are deemed to form part of this Indenture; and 

(J) the term “interest,” when used with respect to a Note, includes any applicable Additional Interest and
Special Interest, unless the context requires otherwise. 
 Article 2. THE NOTES 

Section 2.01. FORM, DATING AND DENOMINATIONS. 

The Notes and the Trustee’s certificate of authentication will be substantially in the form set forth in Exhibit A.
The Notes will bear the legends required by Section 2.09 and may bear notations, legends or endorsements required by law, stock exchange rule or usage or the Depositary. Each Note will be dated as of the date of its
authentication. 
 Except to the extent otherwise provided in a Company Order delivered to the Trustee in connection with
the issuance and authentication thereof, the Notes will be issued initially in the form of one or more Global Notes. Global Notes may be exchanged for Physical Notes, and Physical Notes may be exchanged for Global Notes, only as provided in
Section 2.10. 

  
 - 13 - 

 The Notes will be issuable only in registered form without interest coupons
and only in Authorized Denominations. 
 Each certificate representing a Note will bear a unique registration number that is
not affixed to any other certificate representing another outstanding Note. 
 The terms contained in the Notes constitute
part of this Indenture, and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, agree to such terms and to be bound thereby; provided, however, that, to the extent that any
provision of any Note conflicts with the provisions of this Indenture, the provisions of this Indenture will control for purposes of this Indenture and such Note. 

Section 2.02. EXECUTION, AUTHENTICATION AND DELIVERY. 

(A) Due Execution by the Company. At least one (1) duly authorized Officer will sign the Notes on behalf of the
Company by manual, facsimile or other electronic signature. A Note’s validity will not be affected by the failure of any Officer whose signature is on any Note to hold, at the time such Note is authenticated, the same or any other office at the
Company. 
 (B) Authentication by the Trustee and Delivery. 

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

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

(iii) The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. A duly
appointed authenticating agent may authenticate Notes whenever the Trustee may do so under this Indenture, and a Note authenticated as provided in this Indenture by such an agent will be deemed, for purposes of this Indenture, to be authenticated by
the Trustee. Each duly appointed authenticating agent will have the same rights to deal with the Company as the Trustee would have if it were performing the duties that the authentication agent was validly appointed to undertake. 

  
 - 14 - 

 Section 2.03. INITIAL NOTES AND
ADDITIONAL NOTES. 
 (A) Initial Notes. On the Issue Date, there will be originally
issued two hundred million dollars ($200,000,000) aggregate principal amount of Notes, subject to the provisions of this Indenture (including Section 2.02). If the Initial Purchasers exercise the Shoe Option, then there
will be originally issued up to an additional thirty million dollars ($30,000,000) principal amount of Notes pursuant to such exercise, subject to the provisions of this Indenture (including Section 2.02). Notes issued
pursuant to this Section 2.03(A), and any Notes issued in exchange therefor or in substitution thereof, are referred to in this Indenture as the “Initial Notes.” 

(B) Additional Notes. The Company may, subject to the provisions of this Indenture (including
Section 2.02), originally issue additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the date as of which interest begins to accrue on such additional Notes and the
first Interest Payment Date and the Last Original Issue Date of such additional Notes), which additional Notes will, subject to the foregoing, be considered to be part of the same series of, and rank equally and ratably with all other, Notes issued
under this Indenture; provided, however, that if any such additional Notes are not fungible with other Notes issued under this Indenture for federal income tax or federal securities laws purposes, then such additional Notes will be
identified by a separate CUSIP number or by no CUSIP number. 
 Section 2.04. METHOD OF PAYMENT.

 (A) Global Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon
maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on, and any cash Conversion Consideration for, any Global Note to the Depositary by wire transfer of
immediately available funds no later than the time the same is due as provided in this Indenture. 
 (B) Physical
Notes. The Company will pay, or cause the Paying Agent to pay, the principal (whether due upon maturity on the Maturity Date, Redemption on a Redemption Date or repurchase on a Fundamental Change Repurchase Date or otherwise) of, interest on,
and any cash Conversion Consideration for, any Physical Note no later than the time the same is due as provided in this Indenture as follows: (i) if the principal amount of such Physical Note is at least five million dollars ($5,000,000) (or
such lower amount as the Company may choose in its sole and absolute discretion) and the Holder of such Physical Note entitled to such payment has delivered to the Paying Agent or the Trustee, no later than the time set forth in the immediately
following sentence, a written request that the Company make such payment by wire transfer to an account of such Holder within the United States, by wire transfer of immediately available funds to such account; and (ii) in all other cases, by
check mailed to the address of the Holder of such Physical Note entitled to such payment as set forth in the Register. To be timely, such written request must be so delivered no later than the Close of Business on the following date: (x) with
respect to the payment of any interest due on an Interest Payment Date, the immediately preceding Regular Record Date; (y) with respect to any cash Conversion Consideration, the relevant Conversion Date; and (z) with respect to any other
payment, the date that is fifteen (15) calendar days immediately before the date such payment is due. 

  
 - 15 - 

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

(A) Accrual of Interest. Each Note will bear interest at a rate per annum equal to 5.00% (the “Stated
Interest”), plus any Additional Interest and Special Interest that may accrue pursuant to Sections 3.04 and 7.03, respectively. Stated Interest on each Note will (i) accrue from, and including, the most recent date
to which Stated Interest has been paid or duly provided for (or, if no Stated Interest has theretofore been paid or duly provided for, the date set forth in the certificate representing such Note as the date from, and including, which Stated
Interest will begin to accrue in such circumstance) to, but excluding, the date of payment of such Stated Interest; and (ii) be, subject to Sections 4.02(D), 4.03(E) and 5.02(D) (but without duplication of any payment of
interest), payable semi-annually in arrears on each Interest Payment Date, beginning on the first Interest Payment Date set forth in the certificate representing such Note, to the Holder of such Note as of the Close of Business on the immediately
preceding Regular Record Date. Stated Interest, and, if applicable, Additional Interest and Special Interest, on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 (B) Defaulted Amounts. If the Company fails to pay any amount (a
“Defaulted Amount”) payable on a Note on or before the due date therefor as provided in this Indenture, then, regardless of whether such failure constitutes an Event of Default, (i) such Defaulted Amount will forthwith cease to
be payable to the Holder of such Note otherwise entitled to such payment; (ii) to the extent lawful, interest (“Default Interest”) will accrue on such Defaulted Amount at a rate per annum equal to the rate per annum at which
Stated Interest accrues, from, and including, such due date to, but excluding, the date of payment of such Defaulted Amount and Default Interest; (iii) such Defaulted Amount and Default Interest will be paid on a payment date selected by the
Company to the Holder of such Note as of the Close of Business on a special record date selected by the Company, provided that such special record date must be no more than fifteen (15), nor less than ten (10), calendar days before such
payment date; and (iv) at least fifteen (15) calendar days before such special record date, the Company will send notice to the Trustee and the Holders that states such special record date, such payment date and the amount of such
Defaulted Amount and Default Interest to be paid on such payment date. 
 (C) Delay of Payment when Payment Date is Not a
Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following
Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order
to close or be closed will be deemed not to be a “Business Day.” 
 Section 2.06. REGISTRAR, PAYING
AGENT AND CONVERSION AGENT. 
 (A) Generally. The
Company will maintain (i) an office or agency in the continental United States where Notes may be presented for registration of transfer or for exchange (the “Registrar”); (ii) an office or agency in the continental United
States where Notes may be presented for payment (the “Paying Agent”); and (iii) an office or agency in the continental United States where Notes may be presented for conversion (the “Conversion Agent”). If the
Company fails to maintain a Registrar, Paying Agent or Conversion Agent, then the Trustee will act as such. For the avoidance of doubt, the Company or any of its Subsidiaries may act as Registrar, Paying Agent or Conversion Agent. 

  
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 (B) Duties of the Registrar. The Registrar will keep a record (the
“Register”) of the names and addresses of the Holders, the Notes held by each Holder and the transfer, exchange, repurchase, Redemption and conversion of Notes. Absent manifest error, the entries in the Register will be conclusive
and the Company and the Trustee may treat each Person whose name is recorded as a Holder in the Register as a Holder for all purposes. The Register will be in written form or in any form capable of being converted into written form reasonably
promptly. 
 (C) Co-Agents; Company’s Right to Appoint Successor Registrars,
Paying Agents and Conversion Agents. The Company may appoint one or more co-Registrars, co-Paying Agents and co-Conversion
Agents, each of whom will be deemed to be a Registrar, Paying Agent or Conversion Agent, as applicable, under this Indenture. Subject to Section 2.06(A), the Company may change any Registrar, Paying Agent or Conversion
Agent (including appointing itself or any of its Subsidiaries to act in such capacity) without notice to any Holder. The Company will notify the Trustee (and, upon request, any Holder) of the name and address of each Note Agent, if any, not a party
to this Indenture and will enter into an appropriate agency agreement with each such Note Agent, which agreement will implement the provisions of this Indenture that relate to such Note Agent. 

(D) Initial Appointments. The Company appoints the Trustee as the initial Paying Agent, the initial Registrar and the
initial Conversion Agent. 
 Section 2.07. PAYING AGENT AND CONVERSION
AGENT TO HOLD PROPERTY IN TRUST. 

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

  
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 Section 2.08. HOLDER LISTS. 

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

Section 2.09. LEGENDS. 

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

(C) Restricted Note Legend. Subject to Section 2.12, 

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

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

(D) Other Legends. A Note may bear any other legend or text, not inconsistent with this Indenture, as may be required
by applicable law or by any securities exchange or automated quotation system on which such Note is traded or quoted. 
 (E)
Acknowledgement and Agreement by the Holders. A Holder’s acceptance of any Note bearing any legend required by this Section 2.09 will constitute such Holder’s acknowledgement of, and agreement to comply
with, the restrictions set forth in such legend. 
 (F) Restricted Stock Legend. 

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

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

Section 2.10. TRANSFERS AND EXCHANGES; CERTAIN TRANSFER
RESTRICTIONS. 
 (A) Provisions Applicable to All Transfers and Exchanges. 

(i) Subject to this Section 2.10, Physical Notes and beneficial interests in Global
Notes may be transferred or exchanged from time to time and the Registrar will record each such transfer or exchange of Physical Notes in the Register. 

(ii) Each Note issued upon transfer or exchange of any other Note (such other Note being referred to as the
“old Note” for purposes of this Section 2.10(A)(ii)) or portion thereof in accordance with this Indenture will be the valid obligation of the Company, evidencing the same indebtedness, and entitled to the same
benefits under this Indenture, as such old Note or portion thereof, as applicable. 
 (iii) Notwithstanding
anything to the contrary in this Indenture or the Notes, a Note may not be transferred or exchanged in part unless the portion to be so transferred or exchanged is in an Authorized Denomination. 

(iv) The Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any
transfer restrictions imposed under this Indenture or applicable law with respect to any Security, other than to require the delivery of such certificates or other documentation or evidence as expressly required by this Indenture and to examine the
same to determine substantial compliance as to form with the requirements of this Indenture. 
 (v) Each Note
issued upon transfer of, or in exchange for, another Note will bear each legend, if any, required by Section 2.09. 

(vi) Upon satisfaction of the requirements of this Indenture to effect a transfer or exchange of any Note, the
Company will cause such transfer or exchange to be effected as soon as reasonably practicable but in no event later than the second (2nd) Business Day after the date of such satisfaction. 

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

  
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 (B) Transfers and Exchanges of Global Notes. 

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

In connection with any proposed transfer outside the Book Entry Only system, the Company or the Depositary
shall, as required by law, provide to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Internal Revenue Code
Section 6045. The Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(ii) Upon satisfaction of the requirements of this Indenture to effect a transfer or exchange of any Global
Note (or any portion thereof): 
 (1) the Trustee will reflect any resulting decrease of the principal amount
of such Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if such notation results in such Global Note having a principal amount of zero, the Company may (but is
not required to) instruct the Trustee to cancel such Global Note pursuant to Section 2.15); 

(2) if required to effect such transfer or exchange, then the Trustee will reflect any resulting increase of
the principal amount of any other Global Note by notation on the “Schedule of Exchanges of Interests in the Global Note” forming part of such other Global Note; 

(3) if required to effect such transfer or exchange, then the Company will issue, execute and deliver, and the
Trustee will authenticate, in each case in accordance with Section 2.02, a new Global Note bearing each legend, if any, required by Section 2.09; and 

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

(iii) Each transfer or exchange of a beneficial interest in any Global Note will be made in accordance with the
Depositary Procedures. 
 (C) Transfers and Exchanges of Physical Notes. 

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

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

(2) deliver such certificates, documentation or evidence as may be required pursuant to
Section 2.10(D). 
 In connection with such transfer or exchange, the Company or
the Depositary shall, as required by law, provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting
obligations under Internal Revenue Code Section 6045. The Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information 

(ii) Upon the satisfaction of the requirements of this Indenture to effect a transfer or exchange of any
Physical Note (such Physical Note being referred to as the “old Physical Note” for purposes of this Section 2.10(C)(ii)) of a Holder (or any portion of such old Physical Note in an Authorized Denomination): 

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

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

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

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

  
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 (D) Requirement to Deliver Documentation and Other Evidence. If a
Holder of any Note that is identified by a “restricted” CUSIP number or that bears a Restricted Note Legend or is a Transfer-Restricted Security requests to: 

(i) cause such Note to be identified by an “unrestricted” CUSIP number; 

(ii) remove such Restricted Note Legend; or 

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

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

Section 2.11. EXCHANGE AND CANCELLATION OF NOTES TO
BE CONVERTED OR TO BE REPURCHASED PURSUANT TO A REPURCHASE UPON
FUNDAMENTAL CHANGE OR REDEMPTION. 
 (A) Partial
Conversions of Physical Notes and Partial Repurchases of Physical Notes Pursuant to a Repurchase Upon Fundamental Change or Redemption. If only a portion of a Physical Note of a Holder is to be converted pursuant to Article 5 or
repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, as soon as reasonably practicable after such Physical Note is surrendered for such conversion or repurchase, as applicable, the Company will cause such Physical Note
to be exchanged, pursuant and subject to Section 2.10(C), for (i) one or more Physical Notes that are in Authorized Denominations and have an aggregate principal amount equal to the principal amount of such Physical
Note that is not to be so converted or repurchased, as applicable, and deliver such Physical Note(s) to such Holder; and (ii) a Physical Note having a principal amount equal to the principal amount to be so converted or repurchased, as
applicable, which Physical Note will be converted or repurchased, as applicable, pursuant to the terms of this Indenture; provided, however, that the Physical Note referred to in this clause (ii) need not be issued at any time after which such
principal amount subject to such conversion or repurchase, as applicable, is deemed to cease to be outstanding pursuant to Section 2.18. 

  
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 (B) Cancellation of Notes that Are Converted and Notes that Are
Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption. 
 (i) Physical Notes.
If a Physical Note (or any portion thereof that has not theretofore been exchanged pursuant to Section 2.11(A)) of a Holder is to be converted pursuant to Article 5 or repurchased pursuant to a Repurchase Upon
Fundamental Change or Redemption, then, promptly after the later of the time such Physical Note (or such portion) is deemed to cease to be outstanding pursuant to Section 2.18 and the time such Physical Note is surrendered
for such conversion or repurchase, as applicable, (1) such Physical Note will be cancelled pursuant to Section 2.15; and (2) in the case of a partial conversion or repurchase, as applicable, the Company will
issue, execute and deliver to such Holder, and the Trustee will authenticate, in each case in accordance with Section 2.02, one or more Physical Notes that (x) are in Authorized Denominations and have an aggregate
principal amount equal to the principal amount of such Physical Note that is not to be so converted or repurchased, as applicable; (y) are registered in the name of such Holder; and (z) bear each legend, if any, required by
Section 2.09. 
 (ii) Global Notes. If a Global Note (or any portion
thereof) is to be converted pursuant to Article 5 or repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the time such Note (or such portion) is deemed to cease to be outstanding pursuant to
Section 2.18, the Trustee will reflect a decrease of the principal amount of such Global Note in an amount equal to the principal amount of such Global Note to be so converted or repurchased, as applicable, by notation on
the “Schedule of Exchanges of Interests in the Global Note” forming part of such Global Note (and, if the principal amount of such Global Note is zero following such notation, cancel such Global Note pursuant to
Section 2.15). 
 Section 2.12. REMOVAL OF TRANSFER
RESTRICTIONS. 
 Without limiting the generality of any other provision of this Indenture (including
Section 3.04), the Restricted Note Legend affixed to any Note will be deemed, pursuant to this Section 2.12 and the footnote to such Restricted Note Legend, to be removed therefrom upon the
Company’s delivery to the Trustee of notice, signed on behalf of the Company by one (1) of its Officers, to such effect (and, for the avoidance of doubt, such notice need not be accompanied by an Officer’s Certificate or an Opinion of
Counsel in order to be effective to cause such Restricted Note Legend to be deemed to be removed from such Note). If such Note bears a “restricted” CUSIP or ISIN number at the time of such delivery, then, upon such delivery, such Note will
be deemed, pursuant to this Section 2.12 and the footnotes to the CUSIP and ISIN numbers set forth on the face of the certificate representing such Note, to thereafter bear the “unrestricted” CUSIP and ISIN
numbers identified in such footnotes; provided, however, that if such Note is a Global Note and the Depositary thereof requires a mandatory exchange or other procedure to cause such Global Note to be identified by
“unrestricted” CUSIP and ISIN numbers in the facilities of such Depositary, then (i) the Company will effect such exchange or procedure as soon as reasonably practicable; and (ii) for purposes of
Section 3.04 and the definition of Freely Tradable, such Global Note will not be deemed to be identified by “unrestricted” CUSIP and ISIN numbers until such time as such exchange or procedure is effected. 

  
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 Section 2.13. REPLACEMENT NOTES. 

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

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

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

Without limiting the generality of Section 3.08, the Company may at any time deliver Notes to the
Trustee for cancellation. The Registrar, the Paying Agent and the Conversion Agent will forward to the Trustee each Note duly surrendered to them for transfer, exchange, payment or conversion. The Trustee will promptly cancel all Notes so
surrendered to it in accordance with its customary procedures. Without limiting the generality of Section 2.03(B), the Company may not originally issue or authenticate new Notes to replace Notes that it has paid or that
have been cancelled upon transfer, exchange, payment or conversion. 
 Section 2.16. NOTES HELD BY
THE COMPANY OR ITS AFFILIATES. 
 Without
limiting the generality of Section 3.08, in determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or any of its
Affiliates will be deemed not to be outstanding; provided, however, that, for purposes of determining whether the Trustee is protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the
Trustee knows are so owned will be so disregarded. 

  
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 Section 2.17. TEMPORARY NOTES. 

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

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

(C) Notes to Be Converted. At the Close of Business on the Conversion Date for any Note (or any portion thereof) to be
converted, such Note (or such portion) will (unless there occurs a Default in the delivery of the Conversion Consideration or interest due, pursuant to Section 5.03(B) or Section 5.02(D), upon such
conversion) be deemed to cease to be outstanding, except to the extent provided in Section 5.02(D) or Section 5.08. 

(D) Cessation of Accrual of Interest. Except as provided in Sections 4.02(D), 4.03(E) or 5.02(D),
interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this Section 2.18, to cease to be outstanding, unless there occurs a default in the payment or delivery of any
cash or other property due on such Note. 
 (E) 

Section 2.19. REPURCHASES BY THE COMPANY. 

Without limiting the generality of Section 2.15, the Company may, from time to time, repurchase Notes
in open market purchases or in negotiated transactions without delivering prior notice to Holders. 

  
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 Section 2.20. CUSIP AND ISIN NUMBERS. 

Subject to Section 2.12, the Company may use one or more CUSIP or ISIN numbers to identify any of the
Notes, and, if so, the Company and the Trustee will use such CUSIP or ISIN number(s) in notices to Holders; provided, however, that (i) the Trustee makes no representation as to the correctness or accuracy of any such CUSIP or
ISIN number; and (ii) the effectiveness of any such notice will not be affected by any defect in, or omission of, any such CUSIP or ISIN number. The Company will promptly notify the Trustee of any change in the CUSIP or ISIN number(s)
identifying any Notes. 
 Article 3. COVENANTS 

Section 3.01. PAYMENT ON NOTES. 

(A) Generally. The Company will pay or cause to be paid all the principal of, the Fundamental Change Repurchase Price
and Redemption Price for, interest on, cash consideration due upon conversion of, and other amounts due with respect to, the Notes on the dates and in the manner set forth in this Indenture. 

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

Section 3.02. EXCHANGE ACT REPORTS. 

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

  
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 Section 3.03. RULE 144A INFORMATION. 

If the Company is not subject to Section 13 or 15(d) of the Exchange Act at any time when any Notes or shares of Common
Stock issuable upon conversion of the Notes are outstanding and constitute “restricted securities” (as defined in Rule 144), then the Company (or its successor) will promptly provide, to the Trustee and, upon written request, to any
Holder, beneficial owner or prospective purchaser of such Notes or shares, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes or shares pursuant to Rule 144A. The
Company (or its successor) will use reasonable best efforts to take such further action as any Holder or beneficial owner of such Notes or shares may reasonably request to enable such Holder or beneficial owner to sell such Notes or shares pursuant
to Rule 144A. 
 Section 3.04. ADDITIONAL INTEREST. 

(A) Accrual of Additional Interest. 

(i) If, at any time during the six (6) month period beginning on, and including, the date that is six
(6) months after the Last Original Issue Date of any Note, 
 (1) the Company fails to timely file any
report (other than Form 8-K reports) that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (after giving effect to all applicable grace periods thereunder);
or 
 (2) such Note is not otherwise Freely Tradable, 

then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such
Note is not Freely Tradable. 
 (ii) In addition, Additional Interest will accrue on a Note on each day on
which such Note is not Freely Tradable on or after the fifteenth (15th) day after the Free Trade Date of such Note. 
 (B)
Amount and Payment of Additional Interest. Any Additional Interest that accrues on a Note pursuant to Section 3.04(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and
will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Additional Interest accrues and, thereafter, at a rate per annum equal to one half of one
percent (0.50%) of the principal amount thereof; provided, however, that in no event will Additional Interest, together with any Special Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one
percent (0.50%). For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any
Special Interest that accrues on such Note. 

  
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 (C) Notice of Accrual of Additional Interest; Trustee’s
Disclaimer. The Company will send notice to the Holder of each Note, and to the Trustee, of the commencement and termination of any period in which Additional Interest accrues on such Note. In addition, if Additional Interest accrues on any
Note, then, no later than five (5) Business Days before each date on which such Additional Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is
obligated to pay Additional Interest on such Note on such date of payment; and (ii) the amount of such Additional Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Additional Interest is
payable or the amount thereof. 
 (D) Exclusive Remedy. The accrual of Additional Interest will be the exclusive
remedy available to Holders for the failure of their Notes to become Freely Tradable. 
 Section 3.05. COMPLIANCE AND
DEFAULT CERTIFICATES. 
 (A) Annual Compliance Certificate. Within one hundred and
twenty (120) days after December 31, 2020 and each calendar year ending thereafter, the Company will deliver an Officer’s Certificate to the Trustee stating (i) that, in the judgment of such signatory, he, she or it has made such
examination or investigation as is necessary to enable him, her or it to express an informed judgment as to whether or not a Default or Event of Default has occurred or is continuing; and (ii) whether, to such signatory’s knowledge, a
Default or Event of Default has occurred or is continuing (and, if so, describing all such Defaults or Events of Default and what action the Company is taking or proposes to take with respect thereto). 

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

Section 3.06. STAY, EXTENSION AND USURY LAWS. 

To the extent that it may lawfully do so, the Company (A) agrees that it will not at any time insist upon, plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law (wherever or whenever enacted or in force) that may affect the covenants or the performance of this Indenture; and (B) expressly waives all
benefits or advantages of any such law and agrees that it will not, by resort to any such law, hinder, delay or impede the execution of any power granted to the Trustee by this Indenture, but will suffer and permit the execution of every such power
as though no such law has been enacted. 
 Section 3.07. CORPORATE EXISTENCE. 

Subject to Article 6, the Company will do or cause to be done all things necessary to preserve and keep in full force
and effect its corporate existence. 
 Section 3.08. RESTRICTION ON ACQUISITION OF
NOTES BY THE COMPANY AND ITS AFFILIATES. 

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

  
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 Section 3.09. FURTHER INSTRUMENTS AND
ACTS. 
 At the Trustee’s request, the Company will execute and deliver such further instruments and
do such further acts as may be reasonably necessary or proper to more effectively carry out the purposes of this Indenture. 
 Article 4.
REPURCHASE AND REDEMPTION 
 Section 4.01. NO SINKING FUND. 

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

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

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

(B) Repurchase Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated and such
acceleration has not been rescinded on or before the Fundamental Change Repurchase Date for a Repurchase Upon Fundamental Change (including as a result of the payment of the related Fundamental Change Repurchase Price, and any related interest
pursuant to the proviso to Section 4.02(D), on such Fundamental Change Repurchase Date), then (i) the Company may not repurchase any Notes pursuant to this Section 4.02; and (ii) the
Company will cause any Notes theretofore surrendered for such Repurchase upon Fundamental Change to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any instructions for book-entry transfer to the Company,
the Trustee or the Paying Agent of the applicable beneficial interest in such Notes in accordance with the Depositary Procedures). 

(C) Fundamental Change Repurchase Date. The Fundamental Change Repurchase Date for any Fundamental Change will be a
Business Day of the Company’s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the related Fundamental Change Notice pursuant to Section 4.02(E).

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

  
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 (E) Fundamental Change Notice. On or before the twentieth (20th)
calendar day after the occurrence of a Fundamental Change, the Company will send to each Holder, the Trustee, the Conversion Agent (if other than the Trustee) and the Paying Agent a written notice of such Fundamental Change (a “Fundamental
Change Notice”). Substantially contemporaneously, the Company will issue a press release through such national newswire service as the Company then uses (or publish the same through such other widely disseminated public medium as the
Company then uses, including its website) containing the information set forth in the Fundamental Change Notice. 
 Such
Fundamental Change Notice must state: 
 (i) briefly, the events causing such Fundamental Change; 

(ii) the effective date of such Fundamental Change; 

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

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

(v) the Fundamental Change Repurchase Price per $1,000 principal amount of Notes for such Fundamental Change
(and, if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to
Section 4.02(D)); 
 (vi) the name and address of the Paying Agent and the
Conversion Agent; 
 (vii) the Conversion Rate in effect on the date of such Fundamental Change Notice and a
description and quantification of any adjustments to the Conversion Rate that may result from such Fundamental Change (including pursuant to Section 5.07); 

  
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 (viii) that Notes for which a Fundamental Change Repurchase
Notice has been duly tendered and not duly withdrawn must be delivered to the Paying Agent for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; 

(ix) that Notes (or any portion thereof) that are subject to a Fundamental Change Repurchase Notice that has
been duly tendered may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with this Indenture; and 

(x) the CUSIP and ISIN numbers, if any, of the Notes. 

Neither the failure to deliver a Fundamental Change Notice nor any defect in a Fundamental Change Notice will limit the
Fundamental Change Repurchase Right of any Holder or otherwise affect the validity of any proceedings relating to any Repurchase Upon Fundamental Change. 

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

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

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

(2) such Note, duly endorsed for transfer (if such Note is a Physical Note) or by book-entry transfer (if such
Note is a Global Note). 
 The Paying Agent will promptly deliver to the Company a copy of each Fundamental Change Repurchase
Notice that it receives. 
 (ii) Contents of Fundamental Change Repurchase Notices. Each Fundamental
Change Repurchase Notice with respect to a Note must state: 
 (1) if such Note is a Physical Note, the
certificate number of such Note; 
 (2) the principal amount of such Note to be repurchased, which must be an
Authorized Denomination; and 
 (3) that such Holder is exercising its Fundamental Change Repurchase Right
with respect to such principal amount of such Note; 
 provided, however, that if such Note is a Global Note,
then such Fundamental Change Repurchase Notice must comply with the Depositary Procedures (and any such Fundamental Change Repurchase Notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
Section 4.02(F)). 

  
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 (iii) Withdrawal of Fundamental Change Repurchase
Notice. A Holder that has delivered a Fundamental Change Repurchase Notice with respect to a Note may withdraw such Fundamental Change Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time before the
Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date. Such withdrawal notice must state: 

(1) if such Note is a Physical Note, the certificate number of such Note; 

(2) the principal amount of such Note to be withdrawn, which must be an Authorized Denomination; and 

(3) the principal amount of such Note, if any, that remains subject to such Fundamental Change Repurchase
Notice, which must be an Authorized Denomination; 
 provided, however, that if such Note is a Global Note,
then such withdrawal notice must comply with the Depositary Procedures (and any such withdrawal notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
Section 4.02(F)). 
 Upon receipt of any such withdrawal notice with respect to a Note (or any
portion thereof), the Paying Agent will (x) promptly deliver a copy of such withdrawal notice to the Company; and (y) if such Note is surrendered to the Paying Agent, cause such Note (or such portion thereof in accordance with
Section 2.11, treating such Note as having been then surrendered for partial repurchase in the amount set forth in such withdrawal notice as remaining subject to repurchase) to be returned to the Holder thereof (or, if
applicable with respect to any Global Note, cancel any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Note in accordance with the Depositary Procedures). 

(G) Payment of the Fundamental Change Repurchase Price. Without limiting the Company’s obligation to deposit the
Fundamental Change Repurchase Price within the time proscribed by Section 3.01(B), the Company will cause the Fundamental Change Repurchase Price for a Note (or portion thereof) to be repurchased pursuant to a Repurchase
Upon Fundamental Change to be paid to the Holder thereof on or before the later of (i) the applicable Fundamental Change Repurchase Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a Physical
Note) or (y) the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent, of such Holder’s beneficial interest in such Note to be repurchased are complied with (in the case of a Global Note). For the
avoidance of doubt, interest payable pursuant to the proviso to Section 4.02(D) on any Note to be repurchased pursuant to a Repurchase Upon Fundamental Change must be paid pursuant to such proviso regardless of whether such
Note is delivered or such Depositary Procedures are complied with pursuant to the first sentence of this Section 4.02(G). 

  
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 (H) Compliance with Applicable Securities Laws. To the extent
applicable, the Company will comply with all federal and state securities laws in connection with a Repurchase Upon Fundamental Change (including complying with Rules 13e-4 and
14e-1 under the Exchange Act and filing any required Schedule TO, to the extent applicable) so as to permit effecting such Repurchase Upon Fundamental Change in the manner set forth in this Indenture;
provided, however, that, to the extent that the Company’s obligations pursuant to this Section 4.02 conflict with any law or regulation that is applicable to the Company, the Company’s compliance with such law or
regulation will not be considered to be a default of such obligations. 
 (I) Repurchase in Part. Subject to the
terms of this Section 4.02, Notes may be repurchased pursuant to a Repurchase Upon Fundamental Change in part, but only in Authorized Denominations. Provisions of this Section 4.02 applying to the
repurchase of a Note in whole will equally apply to the repurchase of a permitted portion of a Note. 
 Section 4.03. RIGHT
OF THE COMPANY TO REDEEM THE NOTES. 

(A) No Right to Redeem Before May 1, 2023. The Company may not redeem the Notes at its option at any
time before May 1, 2023. 
 (B) Right to Redeem the Notes on or After May 1, 2023.
Subject to the terms of this Section 4.03, the Company has the right, at its election, to redeem all, or any portion in an Authorized Denomination, of the Notes, at any time and from time to time, on a Redemption Date on or
after May 1, 2023 and on or before the fortieth (40th) Scheduled Trading Day immediately before the Maturity Date, for a cash purchase price equal to the Redemption Price, but only if the Last Reported Sale Price per share of Common Stock
exceeds one hundred and thirty percent (130%) of the Conversion Price on (i) each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the Trading
Day immediately before the Redemption Notice Date for such Redemption; and (ii) the Trading Day immediately before such Redemption Notice Date. For the avoidance of doubt, the calling of any Notes for Redemption will constitute a Make-Whole
Fundamental Change with respect to such Notes pursuant to clause (B) of the definition thereof. 
 (C)
Redemption Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated in accordance with this Indenture and such acceleration has not been rescinded on or before the Redemption Date (except in the case of
an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), then the Company may not redeem any Notes pursuant to this Section 4.03. 

(D) Redemption Date. The Redemption Date for any Redemption will be a Business Day of the Company’s choosing that
is no more than sixty-five (65), nor less than forty-five (45), Scheduled Trading Days after the Redemption Notice Date for such Redemption. 

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

  
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 (F) Redemption Notice. To call any Notes for Redemption, the Company
must (x) send to each Holder of such Notes, the Trustee, the Conversion Agent (if other than the Trustee) and the Paying Agent a written notice of such Redemption (a “Redemption Notice”); and (y) substantially
contemporaneously the Company will publish the information set forth in the Redemption Notice on its website or through such other widely disseminated public medium as the Company then uses. 

Such Redemption Notice must state: 

(i) that such Notes have been called for Redemption; 

(ii) the Redemption Date for such Redemption; 

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

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

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

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

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

  
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 (G) Selection and Conversion of Notes to Be Redeemed in Part. If less
than all Notes then outstanding are called for Redemption, then: 
 (i) the Notes to be redeemed will be
selected as follows: (1) in the case of Global Notes, in accordance with the Depositary Procedures; and (2) in the case of Physical Notes, pro rata, by lot or by such other method the Company considers fair and appropriate and in
accordance with the applicable procedures of the Depositary; and 
 (ii) if only a portion of a Note is
subject to Redemption and such Note is converted in part, then the converted portion of such Note will be deemed to be from the portion of such Note that was subject to Redemption. 

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

(I) If the Company elects to redeem less than all of the outstanding Notes pursuant to this
Section 4.03, and the Holder of any Note, or any owner of a beneficial interest in any Global Note, is reasonably not able to determine, before the Close of Business on the forty-second (42nd) Scheduled Trading Day
immediately before the Redemption Date for such Redemption, whether such Note or beneficial interest, as applicable, is to be redeemed pursuant to such Redemption, then such Holder or owner, as applicable, will be entitled to convert such Note or
beneficial interest, as applicable, at any time before the Close of Business on the Business Day immediately before such Redemption Date, and each such conversion will be deemed to be of a Note called for Redemption for purposes of this
Section 4.03 and Sections 5.01(C)(i)(4) and 5.07. 
 Article 5. CONVERSION 

Section 5.01. RIGHT TO CONVERT. 

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

  
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 (C) When Notes May Be Converted. 

(i) Generally. Subject to Section 5.01(C)(ii), a Note may be converted only in
the following circumstances: 
 (1) Conversion upon Satisfaction of Common Stock Sale Price Condition.
A Holder may convert its Notes during any calendar quarter commencing after the calendar quarter ending on June 30, 2020 (and only during such calendar quarter), if the Last Reported Sale Price per share of Common Stock exceeds one hundred and
thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately
preceding calendar quarter. The Company will determine at the beginning of each calendar quarter commencing after June 30, 2020 whether the Notes may be surrendered for conversion upon satisfaction of a Common Stock sale price condition and
shall notify in writing the Holders, the Trustee and the Conversion Agent (if other than the Trustee) if the Notes become convertible. 

(2) Conversion upon Satisfaction of Note Trading Price Condition. A Holder may convert its Notes during
the five (5) consecutive Business Days immediately after any five (5) consecutive Trading Day period (such five (5) consecutive Trading Day period, the “Measurement Period”) if the Trading Price per $1,000 principal
amount of Notes, as determined following a request by a Holder in accordance with the procedures set forth below, for each Trading Day of the Measurement Period was less than ninety eight percent (98%) of the product of the Last Reported Sale Price
per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day. The condition set forth in the preceding sentence is referred to in this Indenture as the “Trading Price Condition.” 

The Trading Price will be determined by the Bid Solicitation Agent pursuant to this
Section 5.01(C)(i)(2) and the definition of “Trading Price.” The Bid Solicitation Agent (if not the Company) will have no obligation to determine the Trading Price of the Notes unless the Company has requested
such determination in writing, and the Company will have no obligation to make such request (or seek bids itself) unless a Holder provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes would be less
than ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock and the Conversion Rate. If a Holder provides such evidence, then the Company will (if acting as Bid Solicitation Agent), or will instruct the
Bid Solicitation Agent to, determine the Trading Price of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent
(98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day. If the Trading Price Condition has been met as set forth above, then the Company will, in writing, notify
the Holders, the Trustee and the Conversion Agent (if other than the Trustee) of the same. If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater
than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company will notify the Holders, the Trustee and the
Conversion Agent (if other than the Trustee) of the same. 

  
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 (3) Conversion upon Specified Corporate Events. 

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

(I) distribute, to all or substantially all holders of Common Stock, any rights, options or warrants (other
than rights issued pursuant to a stockholder rights plan, so long as such rights have not separated from the Common Stock and are not exercisable until the occurrence of a triggering event, except that such rights will be deemed to be distributed
under this clause (I) upon their separation from the Common Stock or upon the occurrence of such triggering event) entitling them, for a period of not more than sixty (60) calendar days after the record date of such distribution, to
subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day
immediately before the date such distribution is announced (determined in the manner set forth in the third paragraph of Section 5.05(A)(ii)); or 

(II) distribute, to all or substantially all holders of Common Stock, assets or securities of the Company or
rights to purchase the Company’s securities, which distribution per share of Common Stock has a value, as reasonably determined by the Board of Directors, exceeding ten percent (10%) of the Last Reported Sale Price per share of Common Stock on
the Trading Day immediately before the date such distribution is announced, 
 then, in either case, (x) the Company
will send notice of such distribution, and of the related right to convert Notes, to Holders, the Trustee and the Conversion Agent (if other than the Trustee) at least forty-five (45) Scheduled Trading Days before the Ex-Dividend Date for such distribution; and (y) once the Company has sent such notice, Holders may convert their Notes at any time until the earlier of the Close of Business on the Business Day immediately
before such Ex-Dividend Date and the Company’s announcement that such issuance or distribution will not take place. 

(b) Certain Corporate Events. If a Fundamental Change, Make-Whole Fundamental Change or Common Stock
Change Event occurs (other than a merger or other business combination transaction that is effected solely to change the Company’s jurisdiction of incorporation and that does not constitute a Fundamental Change or a Make-Whole Fundamental
Change), then, in each case, Holders may convert their Notes at any time from, and including, the effective date of such transaction or event to, and including, the thirty fifth (35th) Trading Day after such effective date (or, if such transaction
or event also constitutes a Fundamental Change, to, but excluding, the related Fundamental Change Repurchase Date); provided, however, that if the Company fails to provide the notice referred to in the immediately following sentence by
such effective date, then the last day on which the Notes are convertible pursuant to this sentence will be extended by the number of Business Days from, and including, such effective date to, but excluding, the date the Company provides such
notice. No later than such effective date, the Company will send notice to the Holders, the Trustee and the Conversion Agent (if other than the Trustee) of such transaction or event, such effective date and the related right to convert Notes. 

  
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 (4) Conversion upon Redemption. If the Company calls
all or any Notes for Redemption, then the Holder of any Note may convert such Note at any time before the Close of Business on the Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due
on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full). 

(5) Conversions During Free Convertibility Period. A Holder may convert its Notes at any time from, and
including, the Free Convertibility Date until the Close of Business on the second (2nd) Scheduled Trading Day immediately before the Maturity Date. 

For the avoidance of doubt, the Notes may become convertible pursuant to any one or more of the preceding sub-paragraphs of this Section 5.01(C)(i) and the Notes ceasing to be convertible pursuant to a particular sub-paragraph of this
Section 5.01(C)(i) will not preclude the Notes from being convertible pursuant to any other sub-paragraph of this Section 5.01(C)(i). 

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

Section 5.02. CONVERSION PROCEDURES. 

(A) Generally. 

(i) Global Notes. To convert a beneficial interest in a Global Note that is convertible pursuant to
Section 5.01(C), the owner of such beneficial interest must (1) comply with the Depositary Procedures for converting such beneficial interest (at which time such conversion will become irrevocable); and (2) pay
any amounts due pursuant to Section 5.02(D) or Section 5.02(E). 

  
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 (ii) Physical Notes. To convert all or a portion of a
Physical Note that is convertible pursuant to Section 5.01(C), the Holder of such Note must (1) complete, manually sign and deliver to the Conversion Agent the conversion notice attached to such Physical Note or a
facsimile of such conversion notice; (2) deliver such Physical Note to the Conversion Agent (at which time such conversion will become irrevocable); (3) furnish any endorsements and transfer documents that the Company or the Conversion Agent
may require; and (4) pay any amounts due pursuant to Section 5.02(D) or Section 5.02(E). 

(B) Effect of Converting a Note. At the Close of Business on the Conversion Date for a Note (or any portion thereof),
such Note (or such portion thereof) will be deemed to cease to be outstanding (and, for the avoidance of doubt, no Person will be deemed to be a Holder of such Note (or such portion thereof) as of the Close of Business on such Conversion Date),
except to the extent provided in Section 5.02(D). 
 (C) Holder of Record of Conversion
Shares. The Person in whose name any share of Common Stock is issuable upon conversion of any Note will be deemed to become the holder of record of such share as of the Close of Business on (i) the Conversion Date for such conversion, in
the case of Physical Settlement; or (ii) the last VWAP Trading Day of the Observation Period for such conversion, in the case of Combination Settlement. 

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

  
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 (E) Taxes and Duties. If a Holder converts a Note, the Company will
pay any documentary, stamp or similar issue or transfer tax or duty due on the issue or delivery of any shares of Common Stock upon such conversion; provided, however, that the Company is not required to pay any tax or duty due because
such Holder requested such shares to be registered in a name other than such Holder’s name. 
 (F) Conversion Agent
to Notify Company of Conversions. If any Note is submitted for conversion to the Conversion Agent or the Conversion Agent receives any written notice of conversion with respect to a Note, then the Conversion Agent will promptly notify the
Company and the Trustee (if other than the Conversion Agent) of such occurrence. For these purposes, conversion instructions with respect to any Global Note, which instructions are delivered to the Conversion Agent by means of a “Voluntary
Offering Instruction” pursuant to the Depositary Procedures, will be deemed to be in writing. 
 Section 5.03. SETTLEMENT
UPON CONVERSION. 
 (A) Settlement Method. Upon the conversion of any Note, the
Company will settle such conversion by paying or delivering, as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in
Section 5.03(B)(i)(1) (a “Physical Settlement”); (y) solely cash as provided in Section 5.03(B)(i)(2) (a “Cash Settlement”); or (z) a combination of cash and
shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(3) (a “Combination Settlement”). 

The Company will have the right to elect the Settlement Method applicable to any conversion of a Note; provided,
however, that: 
 (i) all conversions of Notes with a Conversion Date that occurs on or after the Free
Convertibility Date will be settled using the same Settlement Method, and the Company will send written notice of such Settlement Method to Holders and the Conversion Agent no later than the Open of Business on the Free Convertibility Date; 

(ii) if the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date
occurs before the Free Convertibility Date, then the Company will send written notice of such Settlement Method to the Holder of such Note and the Conversion Agent no later than the Close of Business on the Business Day immediately after such
Conversion Date; 
 (iii) if any Notes are called for Redemption, then (1) the Company will specify, in
the related Redemption Notice (and, in the case of a Redemption of less than all outstanding Notes, in a notice simultaneously sent to all Holders of Notes not called for Redemption) sent pursuant to Section 4.03(F), the
Settlement Method (and, if it chooses Combination Settlement, the Specified Dollar Amount) that will apply to all conversions of Notes with a Conversion Date that occurs on or after the related Redemption Notice Date and before the related
Redemption Date; and (2) if such Redemption Date occurs on or after the Free Convertibility Date, then such Settlement Method must be the same Settlement Method that applies to all conversions of Notes with a Conversion Date that occurs on or
after the Free Convertibility Date; 

  
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 (iv) the Company will use the same Settlement Method for all
conversions of Notes with the same Conversion Date (and, for the avoidance of doubt, the Company will not be obligated to use the same Settlement Method with respect to conversions of Notes whose Conversion Dates occur on different days, except as
provided in clause (i) above); 
 (v) if the Company does not timely elect a Settlement Method
with respect to the conversion of a Note as provided in (ii) and (iii) above, then the Company will be deemed to have elected the Default Settlement Method (and, for the avoidance of doubt, the failure to timely make such election will not
constitute a Default or Event of Default); 
 (vi) if the Company timely elects Combination Settlement with
respect to the conversion of a Note but does not timely notify the Holder of such Note, the Trustee or the Conversion Agent (if other than the Trustee) of the applicable Specified Dollar Amount, then the Specified Dollar Amount for such conversion
will be deemed to be $1,000 per $1,000 principal amount of Notes (and, for the avoidance of doubt, the failure to timely send such notification will not constitute a Default or Event of Default); and 

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

In addition, the Company will have the right, exercisable at its election by sending written notice of such exercise to the
Holders (with a copy to the Trustee and the Conversion Agent), to irrevocably fix the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the date such written notice is sent to Holders, the
Trustee and the Conversion Agent (if other than the Trustee). Such written notice, if sent, must set forth the applicable Settlement Method and expressly state that the election is irrevocable and applicable to all conversions of Notes with a
Conversion Date that occurs on or after the date such notice is sent. For the avoidance of doubt, such an irrevocable election, if made, will be effective without the need to amend this Indenture or the Notes, including pursuant to
Section 8.01(G) (it being understood, however, that the Company may nonetheless choose to execute such an amendment at its option). 

(B) Conversion Consideration. 

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

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

  
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 (3) if Combination Settlement applies to such conversion,
consideration consisting of (a) a number of shares of Common Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the Observation Period for such conversion; and (b) an amount of cash equal to the sum of the Daily
Cash Amounts for each VWAP Trading Day in such Observation Period. 
 (ii) Cash in Lieu of Fractional
Shares. If Physical Settlement or Combination Settlement applies to the conversion of any Note and the number of shares of Common Stock deliverable pursuant to Section 5.03(B)(i) upon such conversion is not a whole
number, then such number will be rounded down to the nearest whole number and the Company will deliver, in addition to the other consideration due upon such conversion, cash in lieu of the related fractional share in an amount equal to the product
of (1) such fraction and (2) (x) the Daily VWAP on the Conversion Date for such conversion (or, if such Conversion Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), in the case of Physical Settlement; or (y) the
Daily VWAP on the last VWAP Trading Day of the Observation Period for such conversion, in the case of Combination Settlement. 

(iii) Conversion of Multiple Notes by a Single Holder. If a Holder converts more than one (1) Note
on a single Conversion Date, then the Conversion Consideration due in respect of such conversion will (in the case of any Global Note, to the extent permitted by, and practicable under, the Depositary Procedures) be computed based on the total
principal amount of Notes converted on such Conversion Date by such Holder. 
 (iv) Notice of Calculation
of Conversion Consideration. If Cash Settlement or Combination Settlement applies to the conversion of any Note, then the Company will determine the Conversion Consideration due thereupon promptly following the last VWAP Trading Day of the
applicable Observation Period and will promptly thereafter, and in any event within one Business Day following the last day of the Observation Period, send notice to the Trustee and the Conversion Agent of the same and the calculation thereof in
reasonable detail or in such detail as requested by the Depositary. Neither the Trustee nor the Conversion Agent will have any duty to make any such determination. 

(C) Delivery of the Conversion Consideration. Except as set forth in Sections 5.05(A) and
Section 5.09, the Company will pay or deliver, as applicable, the Conversion Consideration due upon the conversion of any Note to the Holder as follows: (i) if Cash Settlement or Combination Settlement applies to such
conversion, on the second (2nd) Business Day immediately after the last VWAP Trading Day of the Observation Period for such conversion; and (ii) if Physical Settlement applies to such conversion, on the second (2nd) Business Day immediately
after the Conversion Date for such conversion; provided, however, that if Physical Settlement applies to the conversion of any Note with a Conversion Date that is after the Regular Record Date immediately before the Maturity Date,
then, solely for purposes of such conversion, (x) the Company will pay or deliver, as applicable, the Conversion Consideration due upon such conversion no later than the Maturity Date (or, if the Maturity Date is not a Business Day, the next
Business Day); and (y) the Conversion Date will instead be deemed to be the second (2nd) Business Day immediately before the Maturity Date. 

  
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 (D) Deemed Payment of Principal and Interest; Settlement of Accrued
Interest Notwithstanding Conversion. If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as provided in
Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and accrued
and unpaid interest, if any, on, such Note to, but excluding the Conversion Date. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full
rather than cancelled, extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of the Common Stock, then accrued and unpaid interest
that is deemed to be paid therewith will be deemed to be paid first out of such cash. 
 Section 5.04. RESERVE AND
STATUS OF COMMON STOCK ISSUED UPON CONVERSION. 

(A) Stock Reserve. At all times when any Notes are outstanding, the Company will reserve, out of its authorized but not
outstanding and unreserved shares of Common Stock, a number of shares of Common Stock sufficient to permit the conversion of all then-outstanding Notes, assuming (x) Physical Settlement will apply to such conversion; and (y) the Conversion
Rate is increased by the maximum amount pursuant to which the Conversion Rate may be increased pursuant to Section 5.07. 

(B) Status of Conversion Shares; Listing. Each Conversion Share, if any, delivered upon conversion of any Note will be
a newly issued or treasury share (except that any Conversion Share delivered by a designated financial institution pursuant to Section 5.08 need not be a newly issued or treasury share) and will be duly and validly issued,
fully paid, non-assessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of the Holder of such Note or
the Person to whom such Conversion Share will be delivered). If the Common Stock is then listed on any securities exchange, or quoted on any inter-dealer quotation system, then the Company will use best efforts to cause each Conversion Share, when
delivered upon conversion of any Note, to be admitted for listing on such exchange or quotation on such system. 
 Section 5.05.
ADJUSTMENTS TO THE CONVERSION RATE. 
 (A)
Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows: 

(i) Stock Dividends, Splits and Combinations. If the Company issues solely shares of Common Stock as a
dividend or distribution on all or substantially all shares of the Common Stock, or if the Company effects a stock split or a stock combination of the Common Stock (in each case excluding an issuance solely pursuant to a Common Stock Change Event,
as to which Section 5.09 will apply), then the Conversion Rate will be adjusted based on the following formula: 
  

									
		  	 	CR1 = CR0 x	 	  	OS1   	  	
	  	OS0   	  	

  
 - 44 - 

 where: 

 

					
	 CR0
	 	=	  	 the Conversion Rate in effect immediately before the Open of Business on the
Ex-Dividend Date for such dividend or distribution, or immediately before the Open of Business on the effective date of such stock split or stock combination, as applicable;

			
	 CR1
	 	=	  	 the Conversion Rate in effect immediately after the Open of Business on such
Ex-Dividend Date or the Open of Business on such effective date, as applicable;

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

			
	 OS1
	 	=	  	 the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, stock
split or stock combination.

 For the avoidance of doubt, each adjustment to the Conversion Rate made pursuant to the
preceding sentence will become effective at the time set forth in the definition of CR1 above. 

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

(ii) Rights, Options and Warrants. If the Company distributes, to all or substantially all holders of
Common Stock, rights, options or warrants (other than rights issued or otherwise distributed pursuant to a stockholder rights plan, as to which the provisions set forth in Sections 5.05(A)(iii)(1) and 5.05(E) will apply) entitling such
holders, for a period of not more than sixty (60) calendar days after the record date of such distribution, to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices
per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is announced, then the Conversion Rate will be increased based on the following formula:

  

							
		 	CR1 = CR0 x 	 	OS + X   	  	
	 	OS + Y   	  	

 where: 
  

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

  
 - 45 - 

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

			
	OS	 	=	  	 the number of shares of Common Stock outstanding immediately before the Open of Business on such Ex-Dividend Date;

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

			
	Y	 	=	  	 a number of shares of Common Stock obtained by dividing (x) the aggregate price payable to exercise such rights,
options or warrants by (y) the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date such distribution is
announced.

 For the avoidance of doubt, each adjustment to the Conversion Rate made pursuant to the
preceding sentence will become effective at the time set forth in the definition of CR1 above. 

To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants (including
as a result of such rights, options or warrants not being exercised), the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the increase to the Conversion Rate for such distribution been made on the basis of
delivery of only the number of shares of Common Stock actually delivered upon exercise of such rights, option or warrants. To the extent such rights, options or warrants are not so distributed, the Conversion Rate will be readjusted to the
Conversion Rate that would then be in effect had the Ex-Dividend Date for the distribution of such rights, options or warrants not occurred. 

For purposes of this Section 5.05(A)(ii) and Section 5.01(C)(i)(3)(a)(I),
in determining whether any rights, options or warrants entitle holders of Common Stock to subscribe for or purchase shares of Common Stock at a price per share that is less than the average of the Last Reported Sale Prices per share of Common Stock
for the ten (10) consecutive Trading Days ending on, and including, the Trading Day immediately before the date the distribution of such rights, options or warrants is announced, and in determining the aggregate price payable to exercise such
rights, options or warrants, there will be taken into account any consideration the Company receives for such rights, options or warrants and any amount payable on exercise thereof, with the value of such consideration, if not cash, to be determined
by the Board of Directors. 

  
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 (iii) Spin-Offs and Other Distributed Property. 

(1) Distributions Other than Spin-Offs. If the Company distributes shares of its Capital Stock,
evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all holders of the Common Stock, excluding: 

(v) dividends, distributions, rights, options or warrants for which an adjustment to the Conversion Rate is
required pursuant to Section 5.05(A)(i) or 5.05(A)(ii); 
 (w) dividends or
distributions paid exclusively in cash for which an adjustment to the Conversion Rate is required pursuant to Section 5.05(A)(iv); 

(x) rights issued or otherwise distributed pursuant to a stockholder rights plan, except to the extent
provided in Section 5.05(E); 
 (y) Spin-Offs for which an adjustment to the
Conversion Rate is required pursuant to Section 5.05(A)(iii)(2); and 
 (z) a
distribution solely pursuant to a Common Stock Change Event, as to which Section 5.09 will apply, 

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

 

							
		 	CR1 = CR0 x	 	SP	  	
	 	SP – FMV   	  	

 where: 
  

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

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

			
	SP	 	=	  	 the average of the Last Reported Sale Prices per share of Common Stock for the ten (10) consecutive Trading
Days ending on, and including, the Trading Day immediately before such Ex-Dividend Date; and

			
	FMV	 	=	  	 the fair market value (as determined by the Board of Directors), as of such
Ex-Dividend Date, of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants distributed per share of Common Stock pursuant to such distribution.

 However, if FMV is equal to or greater than SP, then, in lieu of the foregoing
adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such distribution, at the same time and on the same terms as holders of Common Stock, the amount and
kind of shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock equal to the Conversion
Rate in effect on such record date. 

  
 - 47 - 

 To the extent such distribution is not so paid or made, the Conversion Rate
will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the distribution, if any, actually made or paid. For the avoidance of doubt, each adjustment to the conversion rate made
pursuant to the provision described in the preceding sentence will become effective at the time set forth in the definition of CR1 above. 

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

							
		 	CR1 = CR0 x 	 	FMV + SP  	  	
	 	SP	  	

 where: 
  

					
	CR0	 	=	  	 the Conversion Rate in effect immediately before the Close of Business on the last Trading Day of the Spin-Off Valuation Period for such Spin-Off;

			
	CR1	 	=	  	 the Conversion Rate in effect immediately after the Close of Business on the last Trading Day of the Spin-Off Valuation Period;

			
	FMV	 	=	  	 the product of (x) the average of the Last Reported Sale Prices per share or unit of the Capital Stock or
equity interests distributed in such Spin-Off over the ten (10) consecutive Trading Day period (the “Spin-Off Valuation Period”) beginning on, and
including, the Ex-Dividend Date for such Spin-Off (such average to be determined as if references to Common Stock in the definitions of Last Reported Sale Price, Trading
Day and Market Disruption Event were instead references to such Capital Stock or equity interests); and (y) the number of shares or units of such Capital Stock or equity interests distributed per share of Common Stock in such Spin-Off; and

			
	SP	 	=	  	 the average of the Last Reported Sale Prices per share of Common Stock for each Trading Day in the Spin-Off Valuation Period.

  
 - 48 - 

 For the avoidance of doubt, each adjustment to the Conversion Rate made
pursuant to the preceding sentence will become effective at the time set forth in the definition of CR1 above. 

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

 

							
		 	CR1 = CR0 x 	 	SP	  	
	 	SP – D  	  	

 where: 
  

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

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

			
	SP	 	=	  	 the Last Reported Sale Price per share of Common Stock on the Trading Day immediately before such Ex-Dividend Date; and

			
	D 	 	=	  	 the cash amount distributed per share of Common Stock in such dividend or distribution.

  
 - 49 - 

 However, if D is equal to or greater than SP, then, in lieu of
the foregoing adjustment to the Conversion Rate, each Holder will receive, for each $1,000 principal amount of Notes held by such Holder on the record date for such dividend or distribution, at the same time and on the same terms as holders of
Common Stock, the amount of cash that such Holder would have received if such Holder had owned, on such record date, a number of shares of Common Stock equal to the Conversion Rate in effect on such record date. For the avoidance of doubt, each
adjustment to the Conversion Rate made pursuant to the provision described in the preceding sentence will become effective at the time set forth in the definition of CR1 above. To
the extent such dividend or distribution is declared but not made or paid, the Conversion Rate will be readjusted to the Conversion Rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution, if
any, actually made or paid. 
 (v) Tender Offers or Exchange Offers. If the Company or any of its
Subsidiaries makes a payment in respect of a tender offer or exchange offer for shares of Common Stock, and the value (determined as of the Expiration Time by the Board of Directors) of the cash and other consideration paid per share of Common Stock
in such tender or exchange offer exceeds the Last Reported Sale Price per share of Common Stock on the Trading Day immediately after the last date (the “Expiration Date”) on which tenders or exchanges may be made pursuant to such
tender or exchange offer (as it may be amended), then the Conversion Rate will be increased based on the following formula: 
  

							
		 	CR1 = CR0 x 	 	AC + (SP x OS1)  	  	
	 	SP x OS0	  	

 where: 
  

					
	 CR0
	 	=	  	 the Conversion Rate in effect immediately before the Close of Business on the last Trading Day of the Tender/Exchange Offer
Valuation Period for such tender or exchange offer;

			
	 CR1
	 	=	  	 the Conversion Rate in effect immediately after the Close of Business on the last Trading Day of the Tender/Exchange Offer
Valuation Period;

			
	 AC
	 	=	  	 the aggregate value (determined as of the time (the “Expiration Time”) such tender or exchange
offer expires by the Board of Directors) of all cash and other consideration paid for shares of Common Stock purchased in such tender or exchange offer;

			
	 OS0 
	 	=	  	 the number of shares of Common Stock outstanding immediately before the Expiration Time (before giving effect to the
purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);

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

  
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	 SP 
	 	=	  	 the average of the Last Reported Sale Prices per share of Common Stock over the ten (10) consecutive Trading
Day period (the “Tender/Exchange Offer Valuation Period”) beginning on, and including, the Trading Day immediately after the Expiration Date;

 provided, however, that the Conversion Rate will in no event be adjusted down
pursuant to this Section 5.05(A)(v), except to the extent provided in the immediately following paragraph. 

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

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

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

(1) except as otherwise provided in Section 5.05, the sale of shares of Common Stock
for a purchase price that is less than the market price per share of Common Stock or less than the Conversion Price; 

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

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

(4) the issuance of any shares of Common Stock pursuant to any option, warrant, right or convertible or
exchangeable security of the Company outstanding as of the Issue Date; 
 (5) upon the repurchase of shares
of Common Stock pursuant to an open-market share repurchase program or other buy-back transaction that is not a tender offer or exchange offer of the kind described in
Section 5.05(A)(v); 
 (6) solely a change in the par value of the Common Stock; or

 (7) accrued and unpaid interest on the Notes. 

(C) Adjustments Not Yet Effective. Notwithstanding anything to the contrary in this Indenture or the Notes, if: 

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

(ii) the record date, effective date or Expiration Time for any event that requires an adjustment to the
Conversion Rate pursuant to Section 5.05(A) has occurred on or before the Conversion Date for such conversion (in the case of Physical Settlement) or on or before any VWAP Trading Day in the Observation Period for such
conversion (in the case of Combination Settlement), but an adjustment to the Conversion Rate for such event has not yet become effective as of such Conversion Date or VWAP Trading Day, as applicable; 

(iii) the Conversion Consideration due upon such conversion (in the case of Physical Settlement) or due in
respect of such VWAP Trading Day (in the case of Combination Settlement) includes any whole shares of Common Stock; and 

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

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

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

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

(v) such shares would be entitled to participate in such dividend or distribution (including pursuant to
Section 5.02(C)), 
 then (x) in the case of Physical Settlement, such Conversion Rate adjustment will not be
given effect for such conversion, and the shares of Common Stock issuable upon such conversion based on such unadjusted Conversion Rate will be entitled to participate in such dividend or distribution; and (y) in the case of Combination
Settlement, the Conversion Rate adjustment relating to such Ex-Dividend Date will be made for such conversion in respect of such VWAP Trading Day, but the shares of Common Stock issuable with respect to such
VWAP Trading Day based on such adjusted Conversion Rate will not be entitled to participate in such dividend or distribution. 

(E) Stockholder Rights Plans. If any shares of Common Stock are to be issued upon conversion of any Note and, at the
time of such conversion, the Company has in effect any stockholder rights plan, then the Holder of such Note will be entitled to receive, in addition to, and concurrently with the delivery of, the Conversion Consideration otherwise payable under
this Indenture upon such conversion, the rights set forth in such stockholder rights plan, unless such rights have separated from the Common Stock at such time, in which case, and only in such case, the Conversion Rate will be adjusted pursuant to
Section 5.05(A)(iii)(1) on account of such separation as if, at the time of such separation, the Company had made a distribution of the type referred to in such Section to all holders of the Common Stock, subject to
readjustment in accordance with such Section if such rights expire, terminate or are redeemed. 

  
 - 53 - 

 (F) Limitation on Effecting Transactions Resulting in Certain
Adjustments. The Company will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an
amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock. 

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

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

(I) Notice of Conversion Rate Adjustments. Upon the effectiveness of any adjustment to the Conversion Rate pursuant to
Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Conversion Agent (if other than the Trustee) containing (i) a brief description of the transaction or other event on account of
which such adjustment was made; (ii) the Conversion Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment. 

(J) Calculations. All calculations with respect to the Conversion Rate and adjustments thereto will be made to the
nearest 1/10,000th of a share of Common Stock (with 5/100,000ths rounded upward), as applicable. 
 Whenever the Conversion Rate is adjusted
as herein provided, the Company will promptly file with the Trustee and the Conversion Agent (if other than the Trustee) an Officer’s Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief statement of the
facts requiring such adjustment. Unless and until a Responsible Officer of the Trustee or Conversion Agent (if other than the Trustee) shall have received such Officer’s Certificate, the Trustee or Conversion Agent shall not be deemed to have
knowledge of any adjustment of the Conversion Rate and may assume without inquiry that the last Conversion Rate of which it has knowledge is still in effect. 

  
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 Section 5.06. VOLUNTARY ADJUSTMENTS. 

To the extent permitted by law and applicable stock exchange rules, the Company, from time to time, may (but is not required
to) increase the Conversion Rate by any amount if (i) the Board of Directors determines that such increase is either (x) in the best interest of the Company; or (y) advisable to avoid or diminish any income tax imposed on holders of
Common Stock or rights to purchase Common Stock as a result of any dividend or distribution of shares (or rights to acquire shares) of Common Stock or any similar event; (ii) such increase is in effect for a period of at least twenty
(20) Business Days; and (iii) such increase is irrevocable during such period. 
 Section 5.07. ADJUSTMENTS
TO THE CONVERSION RATE IN CONNECTION WITH A MAKE-WHOLE FUNDAMENTAL
CHANGE. 
 (A) Generally. If a Make-Whole Fundamental Change occurs and the Conversion Date for the
conversion of a Note occurs during the related Make-Whole Fundamental Change Conversion Period, then, subject to this Section 5.07, the Conversion Rate applicable to such conversion will be increased by a number of shares
(the “Additional Shares”) set forth in the table below corresponding (after interpolation as provided in, and subject to, the provisions below) to the effective date and the Stock Price of such Make-Whole Fundamental Change: 

 

																																																																					
	 	 	Stock Price	 
	 Effective Date
	 	$9.51	 	 	$10.00	 	 	$11.00	 	 	$11.89	 	 	$13.00	 	 	$14.00	 	 	$15.45	 	 	$16.00	 	 	$18.00	 	 	$20.00	 	 	$25.00	 	 	$30.00	 	 	$40.00	 	 	$50.00	 	 	$70.00	 	 	$90.00	 	 	$120.00	 
	 May 8, 2020
	 	 	21.0304	 	 	 	20.3080	 	 	 	17.3609	 	 	 	15.3112	 	 	 	13.2923	 	 	 	11.8464	 	 	 	10.1942	 	 	 	9.6719	 	 	 	8.1183	 	 	 	6.9530	 	 	 	5.0008	 	 	 	3.7817	 	 	 	2.3298	 	 	 	1.5004	 	 	 	0.6263	 	 	 	0.2204	 	 	 	0.0000	 
	 May 1, 2021
	 	 	21.0304	 	 	 	19.2720	 	 	 	16.1718	 	 	 	14.0622	 	 	 	12.0331	 	 	 	10.6129	 	 	 	9.0311	 	 	 	8.5400	 	 	 	7.1089	 	 	 	6.0625	 	 	 	4.3536	 	 	 	3.3040	 	 	 	2.0565	 	 	 	1.3380	 	 	 	0.5679	 	 	 	0.2026	 	 	 	0.0000	 
	 May 1, 2022
	 	 	21.0304	 	 	 	18.0780	 	 	 	14.7227	 	 	 	12.5063	 	 	 	10.4415	 	 	 	9.0486	 	 	 	7.5547	 	 	 	7.1056	 	 	 	5.8361	 	 	 	4.9445	 	 	 	3.5440	 	 	 	2.7030	 	 	 	1.7035	 	 	 	1.1218	 	 	 	0.4864	 	 	 	0.1762	 	 	 	0.0000	 
	 May 1, 2023
	 	 	21.0304	 	 	 	16.7760	 	 	 	12.9536	 	 	 	10.5315	 	 	 	8.3900	 	 	 	7.0279	 	 	 	5.6647	 	 	 	5.2769	 	 	 	4.2400	 	 	 	3.5625	 	 	 	2.5564	 	 	 	1.9650	 	 	 	1.2568	 	 	 	0.8394	 	 	 	0.3744	 	 	 	0.1390	 	 	 	0.0000	 
	 May 1, 2024
	 	 	21.0304	 	 	 	15.8780	 	 	 	10.6182	 	 	 	7.7670	 	 	 	5.4962	 	 	 	4.2350	 	 	 	3.1605	 	 	 	2.8938	 	 	 	2.2589	 	 	 	1.8950	 	 	 	1.3820	 	 	 	1.0753	 	 	 	0.6993	 	 	 	0.4748	 	 	 	0.2204	 	 	 	0.0862	 	 	 	0.0000	 
	 May 1, 2025
	 	 	21.0304	 	 	 	15.8780	 	 	 	6.7873	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 

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

(i) if such Stock Price is between two Stock Prices in the table above or the effective date is between two
dates in the table above, then the number of Additional Shares will be determined by a straight-line interpolation between the numbers of Additional Shares set forth for the higher and lower Stock Prices in the table and the earlier and later dates
in the table above, as applicable, based on a 365- or 366-day year, as applicable; and 

(ii) if the Stock Price is greater than $120.00 (subject to adjustment in the same manner as the Stock Prices
set forth in the column headings of the table above are adjusted pursuant to Section 5.07(B)), or less than $9.51 (subject to adjustment in the same manner), per share, then no Additional Shares will be added to the
Conversion Rate. 
 Notwithstanding anything to the contrary in this Indenture or the Notes, in no event will the Conversion
Rate be increased to an amount that exceeds 105.1524 shares of Common Stock per $1,000 principal amount of Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same events for which, the Conversion
Rate is required to be adjusted pursuant to Section 5.05(A). 

  
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 For the avoidance of doubt, but subject to
Section 4.03(I), (x) the sending of a Redemption Notice will constitute a Make-Whole Fundamental Change only with respect to the Notes called for Redemption pursuant to such Redemption Notice, and not with respect to any
other Notes; and (y) the Conversion Rate applicable to the Notes not so called for Redemption will not be subject to increase pursuant to this Section 5.07 on account of such Redemption Notice. 

(B) Adjustment of Stock Prices and Additional Shares. The Stock Prices in the first row (i.e., the column
headers) of the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the Conversion Price is adjusted as a result of the operation of
Section 5.05(A). The numbers of Additional Shares in the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the
Conversion Rate is adjusted pursuant to Section 5.07(A). 
 (C) Notice of the Occurrence of a
Make-Whole Fundamental Change. The Company will notify Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing of each Make-Whole Fundamental Change in accordance with the provisions of
Section 4.03. 
 Section 5.08. EXCHANGE IN LIEU OF
CONVERSION. 
 Notwithstanding anything to the contrary in this Article 5, and subject to the terms of this
Section 5.08, if a Note is submitted for conversion, the Company may elect to arrange to have such Note exchanged in lieu of conversion by a financial institution designated by the Company (a “Designated
Institution”). To make such election, the Company must send notice of such election to the Holder of such Note, the Trustee and the Conversion Agent before the Close of Business on the Business Day immediately following the Conversion Date
for such Note (an “Exchange Election”) and shall notify the Designated Institution and the Trustee and the Conversion Agent (if other than the Trustee) of the relevant Settlement Method and the relevant deadline for payment and/or
delivery of the Conversion Consideration. If the Company has made such election, then: 
 (A) no later than the second
Business Day immediately following such Conversion Date, the Company must deliver (or direct the Conversion Agent to deliver) such Notes surrendered for exchange, to the Designated Institution in lieu of conversion. In order to accept any Notes
surrendered for exchange, the Designated Institution must agree in writing to timely pay and/or deliver such Conversion Consideration in the manner and at the time the Company would have had to deliver the same pursuant to this Article 5; and

 (B) such Note will not cease to be outstanding by reason of such exchange in lieu of conversion and such exchange shall
be subject to the applicable procedures of the Depositary; 
 provided, however, that if such Designated Institution does not
accept such Notes or fails to timely deliver such Conversion Consideration, then the Company will be responsible for delivering such Conversion Consideration in the manner and at the time provided in this Article 5 as if the Company had not
elected to make an exchange in lieu of conversion. The Conversion Agent will be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and will have no liability in respect of such
Exchange Election. 
 The Company’s designation of any Designated Institution to which the Notes may be submitted for exchange does not
require such Designated Institution to accept any Notes. The Company shall promptly notify in writing the Trustee and the Conversion Agent (if other than the Trustee) if any Notes for which an Exchange Election has been made are not accepted by the
Designated Institution for such Exchange Election. 

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

(i) recapitalization, reclassification or change of the Common Stock (other than (x) changes solely
resulting from a subdivision or combination of the Common Stock, (y) a change only in par value or from par value to no par value or no par value to par value or (z) stock splits and stock combinations that do not involve the issuance of
any other series or class of securities); 
 (ii) consolidation, merger, combination or binding or statutory
share exchange involving the Company; 
 (iii) sale, lease or other transfer of all or substantially all of
the assets of the Company and its Subsidiaries, taken as a whole, to any Person; or 
 (iv) similar event,

 and, as a result of which, the Common Stock is converted into, or is exchanged for, or represents solely the right to receive, other
securities, cash or other property, or any combination of the foregoing (such an event, a “Common Stock Change Event,” and such other securities, cash or property, the “Reference Property,” and the amount and kind
of Reference Property that a holder of one (1) share of Common Stock would be entitled to receive on account of such Common Stock Change Event (without giving effect to any arrangement not to issue or deliver a fractional portion of any
security or other property), a “Reference Property Unit”), then, notwithstanding anything to the contrary in this Indenture or the Notes, 

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

(2) if such Reference Property Unit consists entirely of cash, then the Company will be deemed to elect
Physical Settlement in respect of all conversions whose Conversion Date occurs on or after the effective date of such Common Stock Change Event and will pay the cash due upon such conversions no later than the second (2nd) Business Day after the
relevant Conversion Date; and 

  
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 (3) for these purposes, the Daily VWAP or Last Reported Sale
Price of any Reference Property Unit or portion thereof that does not consist of a class of securities will be the fair value of such Reference Property Unit or portion thereof, as applicable, determined in good faith by the Company (or, in the case
of cash denominated in U.S. dollars, the face amount thereof). 
 If the Reference Property consists of more than a single
type of consideration to be determined based in part upon any form of stockholder election, then the composition of the Reference Property Unit will be deemed to be the weighted average of the types and amounts of consideration actually received,
per share of Common Stock, by the holders of Common Stock. The Company will notify Holders of such weighted average as soon as practicable after such determination is made. 

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

(B) Notice of Common Stock Change Events. The Company will provide notice of each Common Stock Change Event in the
manner provided in Section 5.01(C)(i)(3)(b). 
 (C) Compliance Covenant. The Company will
not become a party to any Common Stock Change Event unless its terms are consistent with this Section 5.09. 

Section 5.10. RESPONSIBILITY OF TRUSTEE AND CONVERSION
AGENT. 
 The Trustee and the Conversion Agent shall not at any time be under any duty or responsibility
to any Holder to determine the Conversion Rate (or any adjustment thereto) or whether any facts exist that may require any adjustment (including any increase) of the Conversion Rate, or with respect to the nature or extent or calculation of any such
adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same. The Trustee and the Conversion Agent (if other than the Trustee) shall not be accountable with
respect to the validity or value (or the kind or amount) of any shares of Common Stock, or of any securities, property or cash that may at any time be issued or delivered upon the conversion of any Note; and the Trustee and the Conversion Agent make
no representations with respect thereto. Neither the Trustee nor the Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock or stock certificates or other securities or property
or cash upon the surrender of any Note for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article. Without limiting the generality of the foregoing, neither the Trustee
nor the Conversion Agent shall be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 5.09 relating either to the kind or amount
of shares of stock or securities or property (including cash) receivable by Holders upon the conversion of their Notes after any event referred to in such Section 5.09 or to any adjustment to be made with respect thereto,
but, subject to the provisions of Article 10, may accept (without any independent investigation) as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, the Officer’s Certificate (which
the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto. Neither the Trustee, nor the Conversion Agent shall be responsible for determining whether any event
contemplated by Section 5.01 has occurred that makes the Notes eligible for conversion or no longer eligible therefor until the Company has delivered to the Trustee and the Conversion Agent the notices referred to in
Section 5.01 with respect to the commencement or termination of such conversion rights, on which notices the Trustee and the Conversion Agent may conclusively rely, and the Company agrees to deliver such notices to the
Trustee and the Conversion Agent as provided for in Section 5.01. Neither the Trustee, nor the Conversion Agent shall have any obligation to independently determine or verify if any Fundamental Change, Make Whole
Fundamental Change, Common Stock Change Event, or any other event has occurred or notify the Holders of any such event. Neither the Trustee, nor the Conversion Agent shall have the responsibility for any act or omission of any Designated
Institution. 

  
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 Article 6. SUCCESSORS 

Section 6.01. WHEN THE COMPANY MAY MERGE, ETC. 

(A) Generally. The Company will not consolidate with or merge with or into, or (directly, or indirectly through one or
more of its Subsidiaries) sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to another Person (a “Business
Combination Event”), unless: 
 (i) the resulting, surviving or transferee Person either (x) is
the Company or (y) if not the Company, is a corporation (the “Successor Corporation”) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that expressly
assumes (by executing and delivering to the Trustee, at or before the effective time of such Business Combination Event, a supplemental indenture pursuant to Section 8.01(E)) all of the Company’s obligations under this
Indenture and the Notes; and 
 (ii) immediately after giving effect to such Business Combination Event, no
Default or Event of Default will have occurred and be continuing. 
 (B) Delivery of Officer’s Certificate and
Opinion of Counsel to the Trustee. Before the effective time of any Business Combination Event, the Company will deliver to the Trustee an Officer’s Certificate and Opinion of Counsel, each stating that (i) such Business Combination
Event (and, if applicable, the related supplemental indenture) complies with Section 6.01(A); and (ii) all conditions precedent to such Business Combination Event provided in this Indenture have been satisfied. 

  
 - 59 - 

 Section 6.02. SUCCESSOR CORPORATION SUBSTITUTED.

 At the effective time of any Business Combination Event that complies with Section 6.01, the
Successor Corporation (if not the Company) will succeed to, and may exercise every right and power of, the Company under this Indenture and the Notes with the same effect as if such Successor Corporation had been named as the Company in this
Indenture and the Notes, and, except in the case of a lease, the predecessor Company will be discharged from its obligations under this Indenture and the Notes. 

Article 7. DEFAULTS AND REMEDIES 

Section 7.01. EVENTS OF DEFAULT. 

(A) Definition of Events of Default. “Event of Default” means the occurrence of any of the following:

 (i) a default in the payment when due (whether at maturity, upon Redemption or Repurchase Upon Fundamental
Change or otherwise) of the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, any Note; 

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

(iii) the Company’s failure to deliver, when required by this Indenture, a Fundamental Change Notice, or a
notice pursuant to Section 5.01(C)(i)(3); 
 (iv) a default in the Company’s obligation to convert
a Note in accordance with Article 5 upon the exercise of the conversion right with respect thereto, if such default is not cured within five (5) days after its occurrence; 

(v) a default in the Company’s obligations under Article 6; 

(vi) a default in any of the Company’s obligations or agreements under this Indenture or the Notes (other
than a default set forth in clause (i), (ii), (iii), (iv) or (v) of this Section 7.01(A)) where such default is not cured or waived within sixty (60) days after notice to
the Company by the Trustee, or to the Company and the Trustee by Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, which notice must specify such default, demand that it be remedied and state
that such notice is a “Notice of Default”; 
 (vii) a default by the Company or any of its
Subsidiaries with respect to any one or more mortgages, agreements or other instruments under which there is outstanding, or by which there is secured or evidenced, any indebtedness for money borrowed of at least fifty million dollars ($50,000,000)
(or its foreign currency equivalent) in the aggregate of the Company or any of its Subsidiaries, whether such indebtedness exists as of the Issue Date or is thereafter created, where such default: 

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

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

(viii) one or more final judgments being rendered against the Company or any of its Subsidiaries for the
payment of at least fifty million dollars ($50,000,000) (or its foreign currency equivalent) in the aggregate (excluding any amounts covered by insurance), where such judgment is not discharged or stayed within sixty (60) days after
(i) the date on which the right to appeal the same has expired, if no such appeal has commenced; or (ii) the date on which all rights to appeal have been extinguished; 

(ix) the Company or any of its Significant Subsidiaries, pursuant to or within the meaning of any Bankruptcy
Law, either: 
 (1) commences a voluntary case or proceeding; 

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

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

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

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

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

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

 (2) appoints a custodian of the Company or any of its Significant Subsidiaries, or for any substantial
part of the property of the Company or any of its Significant Subsidiaries; 
 (3) orders the winding up or
liquidation of the Company or any of its Significant Subsidiaries; or 
 (4) grants any similar relief under
any foreign Bankruptcy Law, and, in each case under this Section 7.01(A)(x), such order or decree remains unstayed and in effect for at least sixty (60) days. 

  
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 (B) Cause Irrelevant. Each of the events set forth in
Section 7.01(A) will constitute an Event of Default regardless of the cause thereof or whether voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body. 
 Section 7.02. ACCELERATION. 

(A) Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in
Section 7.01(A)(ix) or 7.01(A)(x) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the principal amount of, and all accrued and unpaid interest on, all
of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person. 

(B) Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an
Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by
notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest
on, all of the Notes then outstanding to become due and payable immediately. 
 (C) Rescission of Acceleration.
Notwithstanding anything to the contrary in this Indenture or the Notes, the Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Company and the Trustee, may, on behalf of all Holders, rescind any
acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (ii) all existing Events of Default (except the
non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived. No such rescission will affect any subsequent Default or impair any
right consequent thereto. 
 Section 7.03. SOLE REMEDY FOR A FAILURE
TO REPORT. 
 (A) Generally. Notwithstanding anything to the contrary in this
Indenture or the Notes, the Company may elect that the sole remedy for any Event of Default (a “Reporting Event of Default”) pursuant to Section 7.01(A)(vi) arising from the Company’s failure to comply
with Section 3.02 will, for each of the first one hundred and eighty (180) calendar days on which a Reporting Event of Default has occurred and is continuing, consist exclusively of the accrual of Special Interest on
the Notes. If the Company has made such an election, then (i) the Notes will be subject to acceleration pursuant to Section 7.02 on account of the relevant Reporting Event of Default from, and including, the one
hundred and eighty first (181st) calendar day on which a Reporting Event of Default has occurred and is continuing or if the Company fails to pay any accrued and unpaid Special Interest when due; and (ii) Special Interest will cease to accrue
on any Notes from, and including, such one hundred and eighty first (181st) calendar day (it being understood that interest on any defaulted Special Interest will nonetheless accrue pursuant to Section 2.05(B)). 

  
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 (B) Amount and Payment of Special Interest. Any Special Interest that
accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of
the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that
in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note
will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note. 

(C) Notice of Election. To make the election set forth in Section 7.03(A), the Company must
send to the Holders, the Trustee and the Paying Agent, before the date on which the applicable Reporting Event of Default first occurs, a notice that (i) briefly describes the report(s) that the Company failed to file with the SEC;
(ii) states that the Company is electing that the sole remedy for such Reporting Event of Default consist of the accrual of Special Interest; and (iii) briefly describes the periods during which and rate at which Special Interest will
accrue and the circumstances under which the Notes will be subject to acceleration on account of such Reporting Event of Default. 

(D) Notice to Trustee and Paying Agent; Trustee’s Disclaimer. If Special Interest accrues on any Note, then, no
later than five (5) Business Days before each date on which such Special Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay
Special Interest on such Note on such date of payment; and (ii) the amount of such Special Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Special Interest is payable or the amount
thereof. 
 (E) No Effect on Other Events of Default. No election pursuant to this
Section 7.03 with respect to a Reporting Event of Default will affect the rights of any Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default. 

Section 7.04. OTHER REMEDIES. 

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

(B) Procedural Matters. The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in such proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy following an Event of Default will not impair the right or remedy or constitute a waiver of, or acquiescence in, such Event of
Default. All remedies will be cumulative to the extent permitted by law. 

  
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 Section 7.05. WAIVER OF PAST DEFAULTS.

 An Event of Default pursuant to clause (i), (ii), (iv) or (vi) of
Section 7.01(A) (that, in the case of clause (vi) only, results from a Default under any covenant that cannot be amended without the consent of each affected Holder), and a Default that could lead to such an
Event of Default, can be waived only with the consent of each affected Holder. Each other Default or Event of Default may be waived, on behalf of all Holders, by the Holders of a majority in aggregate principal amount of the Notes then outstanding.
If an Event of Default is so waived, then it will cease to exist. If a Default is so waived, then it will be deemed to be cured and any Event of Default arising therefrom will be deemed not to occur. However, no such waiver will extend to any
subsequent or other Default or Event of Default or impair any right arising therefrom. 
 Section 7.06. CONTROL BY
MAJORITY. 
 Holders of a majority in aggregate principal amount of the Notes then outstanding may direct
the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law, this
Indenture or the Notes, or that the Trustee determines may be unduly prejudicial to the rights of other Holders or may involve the Trustee in liability, unless the Trustee is offered security and indemnity satisfactory to the Trustee against any
loss, liability or expense to the Trustee that may result from the Trustee’s following such direction. 
 Section 7.07.
LIMITATION ON SUITS. 
 No Holder may pursue any remedy with respect to this
Indenture or the Notes (except to enforce (x) its rights to receive the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or interest on, any Notes; or (y) the Company’s obligations to convert any Notes
pursuant to Article 5), unless: 
 (A) such Holder has previously delivered to the Trustee notice that an Event of
Default is continuing; 
 (B) Holders of at least twenty five percent (25%) in aggregate principal amount of the Notes then
outstanding deliver a request to the Trustee to pursue such remedy; 
 (C) such Holder or Holders offer and, if requested,
provide to the Trustee security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such request; 

(D) the Trustee does not comply with such request within sixty (60) calendar days after its receipt of such request and
such offer of security or indemnity; and 
 (E) during such sixty (60) calendar day period, Holders of a majority in
aggregate principal amount of the Notes then outstanding do not deliver to the Trustee a direction that is inconsistent with such request. 

A Holder of a Note may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority
over another Holder. The Trustee will have no duty to determine whether any Holder’s use of this Indenture complies with the preceding sentence. 

  
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 Section 7.08. ABSOLUTE RIGHT OF HOLDERS
TO INSTITUTE SUIT FOR THE ENFORCEMENT OF THE RIGHT TO RECEIVE PAYMENT
AND CONVERSION CONSIDERATION. 
 Notwithstanding anything to the contrary in
this Indenture or the Notes (but without limiting Section 8.01), the right of each Holder of a Note to bring suit for the enforcement of any payment or delivery, as applicable, of the principal of, or the Redemption Price
or Fundamental Change Repurchase Price for, or any interest on, or the Conversion Consideration due pursuant to Article 5 upon conversion of, such Note on or after the respective due dates therefor provided in this Indenture and the Notes,
will not be impaired or affected without the consent of such Holder. 
 Section 7.09. COLLECTION SUIT
BY TRUSTEE. 
 The Trustee will have the right, upon the occurrence and continuance of an
Event of Default pursuant to clause (i), (ii) or (iv) of Section 7.01(A), to recover judgment in its own name and as trustee of an express trust against the Company for the total unpaid or
undelivered principal of, or Redemption Price or Fundamental Change Repurchase Price for, or interest on, or Conversion Consideration due pursuant to Article 5 upon conversion of, the Notes, as applicable, and, to the extent lawful, any
Default Interest on any Defaulted Amounts, and such further amounts sufficient to cover the costs and expenses of collection, including compensation provided for in Section 10.06. 

Section 7.10. TRUSTEE MAY FILE PROOFS OF CLAIM. 

The Trustee has the right to (A) file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes) or its creditors or property and (B) collect, receive and distribute any money or other
property payable or deliverable on any such claims. Each Holder authorizes any custodian in such proceeding to make such payments to the Trustee, and, if the Trustee consents to the making of such payments directly to the Holders, to pay to the
Trustee any amount due to the Trustee for the reasonable compensation, expenses, disbursements and advances of the Trustee, and its agents and counsel, and any other amounts payable to the Trustee pursuant to Section 10.06.
To the extent that the payment of any such compensation, expenses, disbursements, advances and other amounts out of the estate in such proceeding, is denied for any reason, payment of the same will be secured by a lien on, and will be paid out of,
any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding (whether in liquidation or under any plan of reorganization or arrangement or otherwise). Nothing in this
Indenture will be deemed to authorize the Trustee to authorize, consent to, accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize
the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

  
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 Section 7.11. PRIORITIES. 

The Trustee will pay or deliver in the following order any money or other property that it collects pursuant to this Article
7: 
 First: to the Trustee (in each of its capacities hereunder) and the Conversion Agent and
each of its agents and attorneys for amounts due under Section 10.06, including payment of all fees, compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the Conversion Agent and the
costs and expenses of collection; 
 Second: to Holders for unpaid amounts or other property due on
the Notes, including the principal of, or the Redemption Price or Fundamental Change Repurchase Price for, or any interest on, or any Conversion Consideration due upon conversion of, the Notes, ratably, and without preference or priority of any
kind, according to such amounts or other property due and payable on all of the Notes; and 
 Third:
to the Company or such other Person as a court of competent jurisdiction directs. 
 The Trustee may fix a record date and
payment date for any payment or delivery to the Holders pursuant to this Section 7.11, in which case the Trustee will instruct the Company to, and the Company will, deliver, at least fifteen (15) calendar days before
such record date, to each Holder and the Trustee a notice stating such record date, such payment date and the amount of such payment or nature of such delivery, as applicable. 

Section 7.12. UNDERTAKING FOR COSTS. 

In any suit for the enforcement of any right or remedy under this Indenture or the Notes or in any suit against the Trustee for
any action taken or omitted by it as Trustee, a court, in its discretion, may (A) require the filing by any litigant party in such suit of an undertaking to pay the costs of such suit, and (B) assess reasonable costs (including reasonable
attorneys’ fees) against any litigant party in such suit, having due regard to the merits and good faith of the claims or defenses made by such litigant party; provided, however, that this Section 7.12
does not apply to any suit by the Trustee, any suit by a Holder pursuant to Section 7.08 or any suit by one or more Holders of more than ten percent (10%) in aggregate principal amount of the Notes then outstanding. 

Article 8. AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 8.01. WITHOUT THE CONSENT OF HOLDERS. 

Notwithstanding anything to the contrary in Section 8.02, the Company and the Trustee may amend or
supplement this Indenture or the Notes without the consent of any Holder to: 
 (A) cure any ambiguity or correct any
omission, defect or inconsistency in this Indenture or the Notes; 

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

(D) add to the Company’s covenants or Events of Default for the benefit of the Holders or surrender any right or power
conferred on the Company; 
 (E) provide for the assumption of the Company’s obligations under this Indenture and the
Notes pursuant to, and in compliance with, Article 6; 
 (F) enter into supplemental indentures pursuant to, and in
accordance with, Section 5.09 in connection with a Common Stock Change Event; 
 (G) irrevocably
elect or eliminate any Settlement Method or Specified Dollar Amount; provided, however, that no such election or elimination will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note
pursuant to Section 5.03(A); 
 (H) evidence or provide for the acceptance of the appointment,
under this Indenture, of a successor Trustee; 
 (I) conform the provisions of this Indenture and the Notes to the
“Description of Notes” section of the Company’s preliminary offering memorandum, dated May 5, 2020, as supplemented by the related pricing term sheet, dated May 5, 2020; 

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

(K) comply with any requirement of the SEC in connection with any qualification of this Indenture or any supplemental
indenture under the Trust Indenture Act, as then in effect; or 
 (L) make any other change to this Indenture or the Notes
that does not, individually or in the aggregate with all other related changes, adversely affect the rights of the Holders, as such, in any material respect. 

At the written request of any Holder of a Note or owner of a beneficial interest in a Global Note, the Company will provide a
copy of the “Description of Notes” section and pricing term sheet referred to in (I). 
 Section 8.02. WITH
THE CONSENT OF HOLDERS. 
 (A) Generally. Subject to
Sections 8.01, 7.05 and 7.08 and the immediately following sentence, the Company and the Trustee may, with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding, amend or supplement this Indenture or
the Notes or waive compliance with any provision of this Indenture or the Notes. Notwithstanding anything to the contrary in the foregoing sentence, but subject to subject to Section 8.01, without the consent of each affected Holder, no
amendment or supplement to this Indenture or the Notes, or waiver of any provision of this Indenture or the Notes, may: 

  
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 (i) reduce the principal, or extend the stated maturity, of
any Note; 
 (ii) reduce the Redemption Price or Fundamental Change Repurchase Price for any Note or change
the times at which, or the circumstances under which, the Notes will be redeemed or repurchased by the Company; 

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

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

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

(vii) make any Note payable in money, or at a place of payment, other than that stated in this Indenture or the
Note; 
 (viii) reduce the amount of Notes whose Holders must consent to any amendment, supplement, waiver or
other modification; or 
 (ix) make any direct or indirect change to any amendment, supplement, waiver or
modification provision of this Indenture or the Notes that requires the consent of each affected Holder. 
 For the
avoidance of doubt, pursuant to clauses (i), (ii), (iii) and (iv) of this Section 8.02(A), no amendment or supplement to this Indenture or the Notes, or waiver of any provision of
this Indenture or the Notes, may change the amount or type of consideration due on any Note (whether on an Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or the Maturity Date or upon conversion, or otherwise), or the
date(s) or time(s) such consideration is payable or deliverable, as applicable, without the consent of each affected Holder. 

(B) Holders Need Not Approve the Particular Form of any Amendment. A consent of any Holder pursuant to this
Section 8.02 need approve only the substance, and not necessarily the particular form, of the proposed amendment, supplement or waiver. 

Section 8.03. NOTICE OF AMENDMENTS, SUPPLEMENTS AND WAIVERS.

 Promptly after any amendment, supplement or waiver pursuant to Section 8.01 or 8.02 becomes
effective, the Company will (or, in the case of an amendment or supplement pursuant to Section 8.01(I), the Company may, at its election) send to the Holders and the Trustee notice that (A) describes the substance of
such amendment, supplement or waiver in reasonable detail and (B) states the effective date thereof. The failure to send, or the existence of any defect in, such notice will not impair or affect the validity of such amendment, supplement or
waiver. 

  
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 Section 8.04. REVOCATION, EFFECT AND
SOLICITATION OF CONSENTS; SPECIAL RECORD DATES; ETC. 

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

(B) Special Record Dates. The Company may, but is not required to, fix a record date for the purpose of determining the
Holders entitled to consent or take any other action in connection with any amendment, supplement or waiver pursuant to this Article 8. If a record date is fixed, then, notwithstanding anything to the contrary in
Section 8.04(A), only Persons who are Holders as of such record date (or their duly designated proxies) will be entitled to give such consent, to revoke any consent previously given or to take any such action, regardless of
whether such Persons continue to be Holders after such record date; provided, however, that no such consent will be valid or effective for more than one hundred and twenty (120) calendar days after such record date. 

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

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

Section 8.05. NOTATIONS AND EXCHANGES. 

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

Section 8.06. TRUSTEE TO EXECUTE SUPPLEMENTAL INDENTURES. 

The Trustee will execute and deliver any amendment or supplemental indenture authorized pursuant to this Article 8;
provided, however, that the Trustee need not (but may, in its sole and absolute discretion) execute or deliver any such amendment or supplemental indenture that adversely affects the Trustee’s rights, duties, liabilities or
immunities. In executing any amendment or supplemental indenture, the Trustee will be entitled to receive, and (subject to Sections 10.01 and 10.02) will be fully protected in relying on, an Officer’s Certificate and an
Opinion of Counsel stating that (A) the execution and delivery of such amendment or supplemental indenture is authorized or permitted by this Indenture; and (B) in the case of the Opinion of Counsel, such amendment or supplemental
indenture is valid, binding and enforceable against the Company in accordance with its terms. 

  
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 Article 9. SATISFACTION AND DISCHARGE 

Section 9.01. TERMINATION OF COMPANY’S OBLIGATIONS. 

This Indenture will be discharged, and will cease to be of further effect as to all Notes issued under this Indenture, when:

 (A) all Notes then outstanding (other than Notes replaced pursuant to Section 2.13) have
(i) been delivered to the Trustee for cancellation; or (ii) become due and payable (whether on a Redemption Date, a Fundamental Change Repurchase Date, the Maturity Date, upon conversion or otherwise) for an amount of cash or Conversion
Consideration, as applicable, that has been fixed; 
 (B) the Company has caused there to be irrevocably deposited with the
Trustee, or with the Paying Agent (or, with respect to Conversion Consideration, the Conversion Agent), in each case for the benefit of the Holders, or has otherwise caused there to be delivered to the Holders, cash (or, with respect to Notes to be
converted, Conversion Consideration) sufficient to satisfy all amounts or other property due on all Notes then outstanding (other than Notes replaced pursuant to Section 2.13); 

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

(D) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that the
conditions precedent to the discharge of this Indenture have been satisfied; 
 provided, however, that Article 10 and
Section 11.01 will survive such discharge and, until no Notes remain outstanding, Section 2.15 and the obligations of the Trustee, the Paying Agent and the Conversion Agent with respect to money or
other property deposited with them will survive such discharge. 
 At the Company’s request, the Trustee will
acknowledge the satisfaction and discharge of this Indenture. 
 Section 9.02. REPAYMENT TO COMPANY.

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

  
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 Section 9.03. REINSTATEMENT. 

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

Article 10. TRUSTEE 

Section 10.01. DUTIES OF THE TRUSTEE. 

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

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

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

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

(i) this paragraph will not limit the effect of Section 10.01(B); 

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

  
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 (iii) the Trustee will not be liable with respect to any
action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 7.06. 

(D) Each provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (A), (B)
and (C) of this Section 10.01, regardless of whether such provision so expressly provides. 

(E) No provision of this Indenture will require the Trustee to expend or risk its own funds or incur any liability. 

(F) The Trustee will not be liable for interest on any money received by it, except as the Trustee may agree in writing with
the Company. Money held in trust by the Trustee need not be segregated from other funds, except to the extent required by law. 
 Section 10.02.
RIGHTS OF THE TRUSTEE. 
 (A) The Trustee may conclusively
rely on any document that it believes to be genuine and signed or presented by the proper Person, and the Trustee need not investigate any fact or matter stated in such document. 

(B) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate, an Opinion of Counsel or
both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel; and the written advice of such counsel, or any
Opinion of Counsel, will constitute full and complete authorization of the Trustee to take or omit to take any action in good faith in reliance thereon without liability. 

(C) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any
such agent appointed with due care. 
 (D) The Trustee will not be liable for any action it takes or omits to take in good
faith and that it believes to be authorized or within the rights or powers vested in it by this Indenture. 
 (E) Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 

(F) The Trustee need not exercise any rights or powers vested in it by this Indenture at the request or direction of any
Holder unless such Holder has offered the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense that it may incur in complying with such request or direction. 

(G) The Trustee will not be responsible or liable for any punitive, special, indirect or consequential loss or damage
(including lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(H) Any request or direction of the Company shall be sufficiently evidenced by a Company Order (in each case, other than
delivery of any Note, to the Trustee for authentication and delivery pursuant to Section 2.02 which shall be sufficiently evidenced as provided therein). The Trustee agrees to accept and act upon instructions or directions
pursuant to this Indenture sent by unsecured e-mail (PDF only), facsimile transmission or other similar unsecured electronic methods, provided, however, that the Company shall provide to the Trustee an
incumbency certificate listing designated persons with the authority to provide such instructions, which incumbency certificate shall be amended whenever a person is to be added or deleted from the listing. Subject to
Section 10.01, the Trustee shall not be liable for any losses, damages, costs, fees or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such
instructions conflict or inconsistency with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including, without
limitation, the risk of the Trustee acting on unauthorized instructions, and the risk of interception by third parties. 

  
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 (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. 

(J) The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals
and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as
so authorized in any such certificate previously delivered and not superseded. 
 (K) Under no circumstances shall the
Trustee be liable in its individual capacity for the obligations evidenced by the Notes. 
 Section 10.03. INDIVIDUAL
RIGHTS OF THE TRUSTEE. 
 The Trustee, in its individual or
any other capacity, may become the owner or pledgee of any Note and may otherwise deal with the Company or any of its Affiliates with the same rights that it would have if it were not Trustee; provided, however, that if the Trustee
acquires a “conflicting interest” (within the meaning of Section 310(b) of the Trust Indenture Act), then it must eliminate such conflict within ninety (90) days or resign as Trustee. Each Note Agent will have the same rights and
duties as the trustee under this Section 10.03. 
 Section 10.04. TRUSTEE’S
DISCLAIMER. 
 The Trustee will not be (A) responsible for, and makes no representation as to, the
validity or adequacy of this Indenture or the Notes; (B) accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture;
(C) responsible for the use or application of any money received by any Paying Agent other than the Trustee; and (D) responsible for any statement or recital in this Indenture, the Notes or any other document relating to the sale of the
Notes or this Indenture, other than the Trustee’s certificate of authentication. 
 Section 10.05. NOTICE OF
DEFAULTS. 
 If a Default or Event of Default occurs and is continuing and is known to a Responsible
Officer of the Trustee, then the Trustee will send Holders a notice of such Default or Event of Default within ninety (90) days after it occurs or, if it is not known to the Trustee at such time, promptly (and in any event within ten
(10) Business Days) after it becomes known to a Responsible Officer; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of, or interest on, any Note, the Trustee may
withhold such notice if and for so long as it in good faith determines that withholding such notice is in the interests of the Holders. 

  
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 The Trustee shall not be charged with knowledge of any default or Event of
Default under this Indenture or related documents unless (i) a Responsible Officer of the Trustee shall have actual knowledge of such Default or Event of Default or (ii) the Trustee shall have received notice in writing of such default or
Event of Default by the Company or by the Holders of at least 25% in aggregate principal amount of the Notes then outstanding of the affected series, and such notice is received by the Trustee at the corporate trust office of the Trustee, and such
notice references the Notes and this Indenture. 
 Section 10.06. COMPENSATION AND INDEMNITY. 

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

  
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 (D) To secure the Company’s payment obligations in this
Section 10.06, the Trustee will have a lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, or interest on, particular Notes, which lien will
survive the discharge of this Indenture. 
 (E) If the Trustee incurs expenses or renders services after an Event of Default
pursuant to clause Section 7.01(A)(ix) or (x) of Section 7.01(A) occurs, then such expenses and the compensation for such services (including the fees and expenses of its agents
and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 
 Section 10.07. REPLACEMENT
OF THE TRUSTEE. 
 (A) Notwithstanding anything to the contrary in this
Section 10.07, a resignation or removal of the Trustee, and the appointment of a successor Trustee, will become effective only upon such successor Trustee’s acceptance of appointment as provided in this
Section 10.07. 
 (B) The Trustee may resign at any time and be discharged from the trust created
by this Indenture by so notifying the Company. The Holders of a majority in aggregate principal amount of the Notes then outstanding may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee
if: 
 (i) the Trustee fails to comply with Section 10.09; 

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

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

(F) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company, upon
which notice the resignation or removal of the retiring Trustee will become effective and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will send notice of its succession
to Holders. The retiring Trustee will, upon payment of all amounts due to it under this Indenture, promptly transfer all property held by it as Trustee to the successor Trustee, which property will, for the avoidance of doubt, be subject to the lien
provided for in Section 10.06(D). 

  
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 Section 10.08. SUCCESSOR TRUSTEE BY
MERGER, ETC. 
 If the Trustee consolidates, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation, then such corporation will become the successor Trustee without any further act. 

Section 10.09. ELIGIBILITY; DISQUALIFICATION. 

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

Section 11.01. NOTICES. 

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

Bloomin’ Brands, Inc. 

2202 North West Shore Boulevard, Suite 500 

Tampa, FL 33607 

Attention: Kelly Lefferts, Chief Legal Officer 

kellylefferts@bloominbrands.com 

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

Baker & Hostetler LLP 

127 Public Square, Suite 2000 

Cleveland, OH 44117 

Attention: John Gherlein and Janet Spreen 

  
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 If to the Trustee: 

Wells Fargo Bank, National Association 

Attention: Corporate Trust Administrator – Bloomin’ Brands 

MAC N9303-110 

600 South 4th Street, 6th Floor 

Minneapolis, MN 55415 

lynn.m.steiner@wellsfargo.com 

The Company or the Trustee, by notice to the other, may designate additional or different addresses (including facsimile
numbers and electronic addresses) for subsequent notices or communications. 
 All notices and communications (other than
those sent to Holders) will be deemed to have been duly given: (A) at the time delivered by hand, if personally delivered; (B) five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; (C) when receipt
acknowledged, if transmitted by facsimile, electronic transmission or other similar means of unsecured electronic communication; and (D) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing
next day delivery. 
 All notices or communications required to be made to a Holder pursuant to this Indenture must be made
in writing and will be deemed to be duly sent or given in writing if mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to its address shown on the Register;
provided, however, that a notice or communication to a Holder of a Global Note may, but need not, instead be sent pursuant to the Depositary Procedures (in which case, such notice will be deemed to be duly sent or given in writing).
The failure to send a notice or communication to a Holder, or any defect in such notice or communication, will not affect its sufficiency with respect to any other Holder. 

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

If a notice or communication is mailed or sent in the manner provided above within the time prescribed, it will be deemed to
have been duly given, whether or not the addressee receives it. 
 Notwithstanding anything to the contrary in this
Indenture or the Notes, whenever any provision of this Indenture requires a party to send notice to another party, no such notice need be sent if the sending party and the recipient are the same Person acting in different capacities. 

  
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 Section 11.02. DELIVERY OF
OFFICER’S CERTIFICATE AND OPINION OF COUNSEL AS TO CONDITIONS PRECEDENT.

 Upon any request or application by the Company to the Trustee to take any action under this Indenture (other than the
initial authentication of Notes under this Indenture), the Company will furnish to the Trustee: 
 (A) an Officer’s
Certificate in form and substance reasonably satisfactory to the Trustee that complies with Section 11.03 and states that, in the judgment of the signatory thereto, all conditions precedent and covenants, if any, provided
for in this Indenture relating to such action have been satisfied; and 
 (B) an Opinion of Counsel in form and substance
reasonably satisfactory to the Trustee that complies with Section 11.03 and states that, in the judgment of such counsel, all such conditions precedent and covenants, if any, have been satisfied. 

Section 11.03. STATEMENTS REQUIRED IN OFFICER’S
CERTIFICATE AND OPINION OF COUNSEL. 
 Each
Officer’s Certificate (other than an Officer’s Certificate pursuant to Section 3.05) or Opinion of Counsel with respect to compliance with a covenant or condition provided for in this Indenture will include: 

(A) a statement that the signatory thereto has read such covenant or condition; 

(B) a brief statement as to the nature and scope of the examination or investigation upon which the statements or judgments
contained therein are based; 
 (C) a statement that, in the judgment of such signatory, he, she or it has made such
examination or investigation as is necessary to enable him, her or it to express an informed judgment as to whether or not such covenant or condition has been satisfied; and 

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

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

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

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

Section 11.07. SUBMISSION TO JURISDICTION. 

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

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

Section 11.09. SUCCESSORS. 

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

The Trustee and each Note Agent will not incur any liability for not performing any act or fulfilling any duty, obligation or
responsibility under this Indenture or the Notes by reason of any occurrence beyond its control (including any act or provision of any present or future law or regulation or governmental authority, act of God or war, civil unrest, local or national
disturbance or disaster, act of terrorism or unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

  
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 Section 11.11. U.S.A. PATRIOT ACT. 

The Company acknowledges that, in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial
institutions, in order to help fight the funding of terrorism and money laundering, is required to obtain, verify and record information that identifies each person or legal entity that establishes a relationship or opens an account with the
Trustee. The Company agrees to provide the Trustee with such information as it may request to enable the Trustee to comply with the U.S.A. PATRIOT Act. 

Section 11.12. CALCULATIONS. 

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

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

Section 11.13. SEVERABILITY. 

If any provision of this Indenture or the Notes is invalid, illegal or unenforceable, then the validity, legality and
enforceability of the remaining provisions of this Indenture or the Notes will not in any way be affected or impaired thereby. 
 Section 11.14.
COUNTERPARTS. 
 The parties may sign any number of copies of this Indenture. Each signed copy will be an
original, and all of them together represent the same agreement. Delivery of an executed counterpart of this Indenture by facsimile, electronically in portable document format or in any other format will be effective as delivery of a manually
executed counterpart. 
 Section 11.15. TABLE OF CONTENTS, HEADINGS, ETC.

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

Section 11.16. WITHHOLDING TAXES. 

Each Holder of a Note agrees, and each beneficial owner of an interest in a Global Note, by its acquisition of such interest,
is deemed to agree, that if the Company or other applicable withholding agent pays withholding taxes or backup withholding on behalf of such Holder or beneficial owner as a result of an adjustment to or the failure to adjust (or to adjust
adequately) the Conversion Rate, then the Company or such withholding agent, as applicable, may, at its option, set off such payments against payments of cash or the delivery of other Conversion Consideration on such Note, any payments on the Common
Stock or sales proceeds received by, or other funds or assets of, such Holder or the beneficial owner of such Note. 

  
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 Section 11.17. BENEFITS OF INDENTURE. 

Nothing in this Indenture or in the Notes, expressed or implied, shall give to any Person, other than the Holders, the parties
hereto, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 11.18. NO SECURITY INTEREST CREATED. 

Nothing in this Indenture or in the Notes, expressed or implied, shall be construed to constitute a security interest under the
Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction, except as set forth in Sections 7.10 and 10.06(D), and solely to the extent Sections 7.10 and 10.06(D) provide the Trustee
with security for the payment of compensation, expenses, disbursements, advances or indemnity due to it. 
 [The Remainder of This Page
Intentionally Left Blank; Signature Page Follows] 

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

			
	 BLOOMIN’ BRANDS, INC.

		
	 By:
	 	 /s/ David J. Deno

		 	 Name: David J. Deno

		 	 Title: Chief Executive Officer

	
	 WELLS FARGO BANK, NATIONAL
ASSOCIATION, AS TRUSTEE

		
	 By:
	 	 /s/ Stefon Victory

		 	 Name: Stefon Victory

		 	 Title: Vice President

 [Signature Page to Indenture] 

 EXHIBIT A 

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

[Insert Non-Affiliate Legend] 

BLOOMIN’ BRANDS, INC. 

5.00% Convertible Senior Note due 2025 

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

ISIN No.:        [        ][Insert for a
“restricted” ISIN number: *] 
 Bloomin’ Brands, Inc., a Delaware corporation, for value received,
promises to pay to [Cede & Co.], or its registered assigns, the principal sum of [        ] dollars ($[        ]) [(as revised by the attached
Schedule of Exchanges of Interests in the Global Note)]† on May 1, 2025 and to pay interest thereon, as provided in the Indenture referred to below, until the principal and all accrued and unpaid interest are paid or duly provided for.

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

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

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

 
  

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

	†	 Insert bracketed language for Global Notes only. 

  
 A-1 

 IN WITNESS WHEREOF, Bloomin’ Brands, Inc. has caused this
instrument to be duly executed as of the date set forth below. 
  

									
		 		 		 	 BLOOMIN’ BRANDS, INC.

					
	 Date:
	 	  
	 		 	 By:
	 	  

		 		 		 		 	 Name:

		 		 		 		 	 Title:

  
 A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

  

									
	 Date:
	 	  
	 		 	 By:
	 	  

	 	 	 	 	 	 	 	 	Authorized Signatory

  
 A-3 

 BLOOMIN’ BRANDS, INC. 

5.00% Convertible Senior Note due 2025 

This Note is one of a duly authorized issue of notes of Bloomin’ Brands, Inc., a Delaware corporation (the
“Company”), designated as its 5.00% Convertible Senior Notes due 2025 (the “Notes”), all issued or to be issued pursuant to an indenture, dated as of May 8, 2020 (as the same may be amended from time to time,
the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee. Capitalized terms used in this Note without definition have the respective meanings ascribed to them in the Indenture. 

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

1. Interest. This Note will accrue interest at a rate and in the manner set forth in Section 2.05 of the
Indenture. Stated Interest on this Note will begin to accrue from, and including, [date]. 
 2. Maturity. This
Note will mature on May 1, 2025, unless earlier repurchased, redeemed or converted. 
 3. Method of Payment.
Cash amounts due on this Note will be paid in the manner set forth in Section 2.04 of the Indenture. 
 4. Persons
Deemed Owners. The Holder of this Note will be treated as the owner of this Note for all purposes. 
 5.
Denominations; Transfers and Exchanges. All Notes will be in registered form, without coupons, in principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange
this Note by presenting it to the Registrar and delivering any required documentation or other materials. 
 6. Right of
Holders to Require the Company to Repurchase Notes upon a Fundamental Change. If a Fundamental Change occurs, then each Holder will have the right to require the Company to repurchase such Holder’s Notes (or any portion thereof in an
Authorized Denomination) for cash in the manner, and subject to the terms, set forth in Section 4.02 of the Indenture. 

7. Right of the Company to Redeem the Notes. The Company will have the right to redeem the Notes for cash in the
manner, and subject to the terms, set forth in Section 4.03 of the Indenture. 
 8. Conversion. The Holder of
this Note may convert this Note into Conversion Consideration in the manner, and subject to the terms, set forth in Article 5 of the Indenture. 

  
 A-4 

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

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

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

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

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

To request a copy of the Indenture, which the Company will provide to any Holder at no charge, please send a written request
to the following address: 
 Bloomin’ Brands, Inc. 

2202 North West Shore Boulevard, Suite 500 

Tampa, FL 33607 
 Attention: Chief
Legal Officer 

  
 A-5 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

BLOOMIN’ BRANDS, INC. 
 5.00%
Convertible Senior Notes due 2025 
 The initial principal amount of this Global Note is
$[        ]. The following increases or decreases of this Global Note have been made: 
  

													
	Date	 	 	 	Amount of Increase (Decrease) in
Principal Amount of this Global Note	 	 	 	Principal Amount of this Global
Note After Such Increase (Decrease)	 	 	  	Signature of Authorized
Signatory of Trustee
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 
							
	 	 		 	 	 		 	 	 		  	 

  
  

	*	 Insert for Global Notes only. 

  
 A-6 

 CONVERSION NOTICE 

5.00% Convertible Senior Notes due 2025 

To: BLOOMIN’ BRANDS, INC. 
 To: Wells Fargo
Bank, National Association 
 Attention: Corporate Trust Administrator – Bloomin’ Brands 

MAC N9303-110 
 600 South
4th Street, 6th Floor 
 Minneapolis, MN 55415 

lynn.m.steiner@wellsfargo.com 
 Subject to the
terms of the Indenture, by executing and delivering this Conversion Notice, the undersigned Holder of the Note identified below hereby exercises its option and directs the Company to convert (check one): 

 

	☐	 the entire principal amount of 

 

	☐	 $
                * aggregate principal amount of 

the Note identified by CUSIP No.
                 and Certificate No.
                 into, at the Company’s election, cash, shares of Common Stock, or a combination of cash and shares of Common Stock, as
applicable, in accordance with the terms of the Indenture referred to in this Note, and directs that any cash payable and any shares of Common Stock issuable and deliverable upon such conversion, together with any cash for any fractional share, and
any Notes representing any unconverted principal amount hereof, be issued and delivered to the registered Holder hereof unless a different name has been indicated below. If any shares of Common Stock or any portion of this Note not converted are to
be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary, stamp or similar issue or transfer taxes, if any in accordance with Section 5.02(E) of the Indenture. 

The undersigned acknowledges that if the Conversion Date of a Note to be converted is after a Regular Record Date and before the next Interest
Payment Date, then such Note, when surrendered for conversion, must, in certain circumstances, be accompanied with an amount of cash equal to the interest that would have accrued on such Note to, but excluding, such Interest Payment Date. 

 

									
	 Date:
	 	  
	 		 	  

		 		 		 	(Legal Name of Holder)
					
		 		 		 	By:	 	  

		 		 		 		 	Name:

  
  

	*	 Must be an Authorized Denomination. 

  
 A-7 

					
		 		 	Title:
		
		 	  

		 	Social Security or Other Taxpayer Identification Number
		
		 	 NOTICE: The above signature of Holder hereof must correspond with the name as written upon the face of the
Note in every particular without alteration or enlargement or any change whatever.

		
		 	Signature Guaranteed:
		
		 	  

		 	Participant in a Recognized Signature
Guarantee Medallion Program
			
		 	By:	 	  

		 	Authorized Signatory
		
	 Fill in for registration of shares if to be issued, and Notes if to be delivered, other than to and in the name of the
registered Holder:
	 	
		
	 	 	
	 (Name)
	 	
		
	 	 	
	 (Street Address)
	 	
		
	 	 	
	 (City, State, and Zip Code)

Please print name and address
	 	

  
 A-8 

 FUNDAMENTAL CHANGE REPURCHASE NOTICE 

5.00% Convertible Senior Notes due 2025 

To: BLOOMIN’ BRANDS, INC. 
 To: Wells Fargo
Bank, National Association 
 Attention: Corporate Trust Administrator – Bloomin’ Brands 

MAC N9303-110 
 600 South
4th Street, 6th Floor 
 Minneapolis, MN 55415 

lynn.m.steiner@wellsfargo.com 
 Subject to the
terms of the Indenture, by executing and delivering this Fundamental Change Repurchase Notice, the undersigned Holder of the Note identified below (i) hereby acknowledges receipt of a notice from Bloomin’ Brands, Inc. (the
“Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Repurchase Date, and (ii) is exercising its Fundamental Change Repurchase Right with respect to (check one):

  

	☐	 the entire principal amount of 

 

	☐	 $
                * aggregate principal amount of 

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

									
	 Date:
	 	  
	 		 	 
		 		 		 	 (Legal Name of Holder)

					
		 		 		 	 By:
	 	  

		 		 		 		 	 Name:

		 		 		 		 	 Title:

				
		 		 		 	 
		 		 		 	 Social Security or Other Taxpayer Identification Number

				
		 		 		 	 NOTICE: The above signature of Holder hereof must correspond with the name as written upon the face of the Note
in every particular without alteration or enlargement or any change whatever.

  
  

	*	 Must be an Authorized Denomination. 

  
 A-9 

 
			
	
	 Signature Guaranteed:

	
	  

	 Participant in a Recognized Signature

Guarantee Medallion Program

		
	By:	 	 
		 	 Authorized Signatory

  
 A-10 

 ASSIGNMENT FORM 

BLOOMIN’ BRANDS, INC. 
 5.00%
Convertible Senior Notes due 2025 
 For value received and subject to the terms of the Indenture, the undersigned Holder of the within Note
assigns to: 
  

					
	 Name:
	 	 	 	
			
	 Address:
	 	 	 	
			
	 Social security or

tax identification

number:
	 	 	 	

 the within Note and all rights thereunder and irrevocably constitutes and appoints: 

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

 

									
	 Date:
	 	  
	 		 	  

		 		 		 	(Legal Name of Holder)
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
				
		 		 		 	 NOTICE: The signature on this assignment must correspond with the name as written upon the face of the Note
in every particular without alternation or enlargement or any change whatever.

				
		 		 		 	Signature Guaranteed:
				
		 		 		 	  

		 		 		 		 	 Participant in a Recognized Signature

Guarantee Medallion Program

					
		 		 		 	By:	 	  

		 		 		 	Authorized Signatory

  
 A-11 

 TRANSFEROR ACKNOWLEDGEMENT 

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

 

					
	 1.
	 	 ☐
	 	 Such  Transfer is being made to the Company or a Subsidiary of the
Company.

			
	 2.
	 	 ☐
	 	 Such Transfer is being made pursuant to, and in accordance with, a registration statement that is effective under the
Securities Act at the time of the Transfer.

			
	 3.
	 	 ☐
	 	 Such Transfer is being made pursuant to, and in accordance with, Rule 144A under the Securities Act, and, accordingly, the
undersigned further certifies that the within Note is being transferred to a Person that the undersigned reasonably believes is purchasing the within Note for its own account, or for one or more accounts with respect to which such Person exercises
sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act in a transaction meeting the requirements of Rule 144A. If this item is
checked, then the transferee must complete and execute the acknowledgment contained on the next page.

			
	 4.
	 	 ☐
	 	 Such Transfer is being made pursuant to, and in accordance with, any other available exemption from the registration
requirements of the Securities Act (including, if available, the exemption provided by Rule 144 under the Securities Act).

 The undersigned confirms that, to the undersigned’s knowledge, such Notes are not being transferred to an
Affiliate (as defined in the Indenture) of the Company. 
  

			
	 Dated:
	 	  

		 	
	
	  

			
		 	(Legal Name of Holder)
		
	 By:
	 	  

		 	 Name:

		 	 Title:

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

  

			
	 Signature Guaranteed:

	
	  

	(Participant in a Recognized Signature
 Guarantee Medallion Program)

		
	 By:
	 	  

	Authorized Signatory

  
 A-12 

 TRANSFEREE ACKNOWLEDGEMENT 

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

			
	 Dated:
	 	  

	
	  

		 	(Name of Transferee)
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 A-13 

 EXHIBIT B-1 

FORM OF RESTRICTED NOTE LEGEND 

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

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

  

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

  

	 	(A)	 TO BLOOMIN’ BRANDS, INC. (THE “COMPANY”) OR ANY SUBSIDIARY THEREOF; 

 

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

  

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

  

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

 

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

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

 

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

  
 B-1-1 

 EXHIBIT B-2 

FORM OF GLOBAL NOTE LEGEND 

THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE
OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS THE OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 

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

  
 B-2-1 

 EXHIBIT B-3 

FORM OF NON-AFFILIATE LEGEND 

NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF BLOOMIN’ BRANDS, INC. OR PERSON THAT HAS BEEN AN AFFILIATE (AS DEFINED
IN RULE 144 UNDER THE SECURITIES ACT) OF BLOOMIN’ BRANDS, INC. DURING THE PRECEDING THREE MONTHS MAY PURCHASE, OTHERWISE ACQUIRE OR HOLD THIS SECURITY OR A BENEFICIAL INTEREST HEREIN. 

  
 B-3-1

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