Document:

Indenture, dated April 27, 2007, between AMD and Wells Fargo Bank

 Exhibit 4.1 
  

 ADVANCED MICRO DEVICES, INC. 
 as Issuer 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Trustee 
 INDENTURE 
 Dated as of April 27,
2007 
 6.00% Convertible Senior Notes due 2015 
  

 ADVANCED MICRO DEVICES, INC. 
 Reconciliation and tie between Trust Indenture Act of 1939 and 
 Indenture,
dated as of April 27, 2007 
  

			
	 Trust Indenture Act Section
	  	Indenture Section
	§310(a)(1)	  	6.09
	(a)(2)	  	6.09
	(a)(3)	  	Not Applicable
	(a)(4)	  	Not Applicable
	(a)(5)	  	6.09
	(b)	  	6.08; 6.10; 6.11
	(c)	  	Not Applicable
	§311(a)	  	6.13
	(b)	  	6.13
	§312(a)	  	4.01; 4.02(a)
	(b)	  	4.02(b)
	(c)	  	4.02(c)
	§313(a)	  	4.03(a)
	(b)	  	4.03(a)
	(c)	  	4.03(a)
	(d)	  	4.03(b)
	§314(a)	  	4.04
	(b)	  	Not Applicable
	(c)(1)	  	15.05
	(c)(2)	  	15.05
	(c)(3)	  	Not Applicable
	(d)	  	Not Applicable
	(e)	  	15.05
	§315(a)	  	6.01
	(b)	  	5.08
	(c)	  	6.01
	(d)	  	6.01
	(e)	  	5.09
	§316(a)	  	7.01
	(a)(1)(A)	  	7.01; 5.01
	(a)(1)(B)	  	5.07
	(a)(2)	  	Not Applicable
	(b)	  	5.04
	(c)	  	7.01
	§317(a)(1)	  	5.03; 5.02; 5.05
	(a)(2)	  	5.02
	(b)	  	6.05; 11.01
	§318(a)	  	1.02
	(c)	  	1.02

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	ARTICLE 1	  	
	DEFINITIONS	  	
	 Section 1.01.
	 	 Definitions.
	  	1
	 Section 1.02.
	 	 Incorporation by Reference of Trust Indenture Act.
	  	13
		
	ARTICLE 2	  	
	ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF
NOTES	  	
			
	 Section 2.01.
	 	 Designation and Amount
	  	13
	 Section 2.02.
	 	 Form of Notes
	  	14
	 Section 2.03.
	 	 Legends
	  	14
	 Section 2.04.
	 	 Date and Denomination of Notes; Payments of Interest
	  	19
	 Section 2.05.
	 	 Date and Denomination of Notes
	  	20
	 Section 2.06.
	 	 Execution, Authentication and Delivery of Notes
	  	20
	 Section 2.07.
	 	 Exchange and Registration of Transfer of Notes; Transfer Generally; Depositary.
	  	21
	 Section 2.08.
	 	 Special Transfer Provisions
	  	24
	 Section 2.09.
	 	 Mutilated, Destroyed, Lost or Stolen Notes
	  	26
	 Section 2.10.
	 	 Temporary Notes
	  	27
	 Section 2.11.
	 	 Cancellation of Notes Paid, Etc
	  	27
	 Section 2.12.
	 	 CUSIP Numbers
	  	27
	 Section 2.13.
	 	 Additional Notes, Purchases
	  	28
		
	ARTICLE 3	  	
	PARTICULAR COVENANTS OF THE COMPANY	  	
			
	 Section 3.01.
	 	 Payment of Principal, Interest and Extension Fee
	  	28
	 Section 3.02.
	 	 Additional Interest
	  	28
	 Section 3.03.
	 	 Maintenance of Office or Agency
	  	28
	 Section 3.04.
	 	 Appointments to Fill Vacancies in Trustee’s Office
	  	29
	 Section 3.05.
	 	 Provisions as to Paying Agent.
	  	29
	 Section 3.06.
	 	 Existence
	  	30
	 Section 3.07.
	 	 Stay, Extension and Usury Laws
	  	31
	 Section 3.08.
	 	 Compliance Certificate; Statements as to Defaults
	  	31
	 Section 3.09.
	 	 Further Instruments and Acts
	  	31
		
	ARTICLE 4	  	
	LISTS OF NOTEHOLDERS AND REPORTS BY THE COMPANY
AND THE TRUSTEE	  	
			
	 Section 4.01.
	 	 Lists of Noteholders
	  	31

  

 i 

					
	Section 4.02.	  	Preservation and Disclosure of Lists.	  	32
	Section 4.03.	  	Reports by Trustee.	  	32
	Section 4.04.	  	SEC Reports; Financial Statements.	  	32
		
	ARTICLE 5	  	
	DEFAULTS AND REMEDIES	  	
			
	Section 5.01.	  	Events of Default	  	33
	Section 5.02.	  	Payments of Notes on Default; Suit Therefor	  	37
	Section 5.03.	  	Application of Monies Collected by Trustee	  	39
	Section 5.04.	  	Proceedings by Noteholders	  	39
	Section 5.05.	  	Proceedings by Trustee	  	40
	Section 5.06.	  	Remedies Cumulative and Continuing	  	40
	Section 5.07.	  	Direction of Proceedings and Waiver of Defaults by Majority of Noteholders	  	41
	Section 5.08.	  	Notice of Defaults	  	41
	Section 5.09.	  	Undertaking to Pay Costs	  	42
		
	ARTICLE 6	  	
	CONCERNING THE TRUSTEE	  	
			
	Section 6.01.	  	Duties and Responsibilities of Trustee	  	42
	Section 6.02.	  	Reliance on Documents, Opinions, Etc	  	44
	Section 6.03.	  	No Responsibility for Recitals, Etc	  	46
	Section 6.04.	  	Trustee, Paying Agents, Conversion Agents or Note Registrar May Own Notes	  	46
	Section 6.05.	  	Monies to be Held in Trust	  	46
	Section 6.06.	  	Compensation and Expenses of Trustee	  	47
	Section 6.07.	  	Officer’s Certificate as Evidence	  	48
	Section 6.08.	  	Conflicting Interests of Trustee	  	48
	Section 6.09.	  	Eligibility of Trustee	  	48
	Section 6.10.	  	Resignation or Removal of Trustee.	  	48
	Section 6.11.	  	Acceptance by Successor Trustee	  	50
	Section 6.12.	  	Succession by Merger, Etc	  	50
	Section 6.13.	  	Limitation on Rights of Trustee as Creditor	  	51
	Section 6.14.	  	Trustee’s Application for Instructions from the Company	  	51
		
	ARTICLE 7	  	
	CONCERNING THE NOTEHOLDERS	  	
			
	Section 7.01.	  	Action by Noteholders	  	51
	Section 7.02.	  	Proof of Execution by Noteholders	  	52
	Section 7.03.	  	Who are Deemed Absolute Owners	  	53
	Section 7.04.	  	Company-Owned Notes Disregarded	  	53
	Section 7.05.	  	Revocation of Consents; Future Holders Bound	  	54

  

 ii 

					
	ARTICLE 8	  	
	NOTEHOLDERS’ MEETINGS	  	
			
	 Section 8.01.
	  	 Purpose of Meetings
	  	54
	 Section 8.02.
	  	 Call of Meetings by Trustee
	  	54
	 Section 8.03.
	  	 Call of Meetings by Company or Noteholders
	  	55
	 Section 8.04.
	  	 Qualifications for Voting
	  	55
	 Section 8.05.
	  	 Regulations
	  	55
	 Section 8.06.
	  	 Voting
	  	56
	 Section 8.07.
	  	 No Delay of Rights by Meeting
	  	56
		
	ARTICLE 9	  	
	SUPPLEMENTAL INDENTURES	  	
			
	 Section 9.01.
	  	 Supplemental Indentures without Consent of Noteholders
	  	57
	 Section 9.02.
	  	 Supplemental Indentures with Consent of Noteholders
	  	58
	 Section 9.03.
	  	 Effect of Supplemental Indentures
	  	59
	 Section 9.04.
	  	 Notation on Notes
	  	59
	 Section 9.05.
	  	 Evidence of Compliance of Supplemental Indenture to be Furnished Trustee
	  	60
		
	ARTICLE 10	  	
	CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE	  	
			
	 Section 10.01.
	  	 Company May Consolidate, etc. on Certain Terms
	  	60
	 Section 10.02.
	  	 Successor Corporation to be Substituted
	  	60
	 Section 10.03.
	  	 Officer’s Certificate and Opinion of Counsel to be Given Trustee
	  	61
		
	ARTICLE 11	  	
	SATISFACTION AND DISCHARGE OF INDENTURE	  	
			
	 Section 11.01.
	  	 Discharge of Indenture
	  	61
	 Section 11.02.
	  	 Deposited Monies to be Held in Trust by Trustee
	  	62
	 Section 11.03.
	  	 Paying Agent to Repay Monies Held
	  	62
	 Section 11.04.
	  	 Return of Unclaimed Monies
	  	62
	 Section 11.05.
	  	 Reinstatement
	  	63
		
	ARTICLE 12	  	
	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
DIRECTORS	  	
			
	 Section 12.01.
	  	 Indenture and Notes Solely Corporate Obligations
	  	63

  

 iii 

					
	ARTICLE 13	  	
	CONVERSION OF NOTES	  	
			
	Section 13.01.	  	Conversion Privilege.	  	64
	Section 13.02.	  	Conversion Procedure.	  	67
	Section 13.03.	  	Exchange in Lieu of Conversion.	  	71
	Section 13.04.	  	Adjustment of Conversion Rate	  	72
	Section 13.05.	  	Shares to Be Fully Paid	  	81
	Section 13.06.	  	Effect of Reclassification, Consolidation, Merger or Sale.	  	81
	Section 13.07.	  	Certain Covenants	  	83
	Section 13.08.	  	Responsibility of Trustee	  	83
	Section 13.09.	  	Notice to Holders Prior to Certain Actions.	  	84
	Section 13.10.	  	Shareholder Rights Plans	  	84
		
	ARTICLE 14	  	
	PURCHASE OF NOTES AT OPTION OF HOLDERS	  	
			
	Section 14.01.	  	Purchase at Option of Holders Upon a Designated Event.	  	85
		
	ARTICLE 15	  	
	MISCELLANEOUS PROVISIONS	  	
			
	Section 15.01.	  	Provisions Binding on Company’s Successors	  	89
	Section 15.02.	  	Official Acts by Successor Corporation	  	89
	Section 15.03.	  	Addresses for Notices, Etc	  	89
	Section 15.04.	  	Governing Law	  	89
	Section 15.05.	  	Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee	  	90
	Section 15.06.	  	Legal Holidays	  	90
	Section 15.07.	  	No Security Interest Created	  	90
	Section 15.08.	  	Benefits of Indenture	  	90
	Section 15.09.	  	Table of Contents, Headings, Etc	  	90
	Section 15.10.	  	Authenticating Agent	  	91
	Section 15.11.	  	Execution in Counterparts	  	92
	Section 15.12.	  	Qualification of Indenture	  	92
	Section 15.13.	  	Calculations	  	92

  

 iv 

 INDENTURE dated as of April 27, 2007 between Advanced Micro Devices, Inc., a Delaware corporation,
as issuer (hereinafter sometimes called the “Company”, as more fully set forth in Section 1.01), and Wells Fargo Bank, National Association, as trustee (hereinafter sometimes called the “Trustee”, as more fully
set forth in Section 1.01). 
 WITNESSETH: 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the issue of its 6.00% Convertible Senior Notes due 2015 (the “Notes”) initially in an aggregate principal amount not to
exceed $2,200,000,000, and in order to provide the terms and conditions upon which the Notes are to be authenticated, issued and delivered, the Company has duly authorized the execution and delivery of this Indenture; 
 WHEREAS, the Notes, the certificate of authentication to be borne by the Notes, a form of assignment, a form of the Designated Event Purchase Notice, a
form of conversion notice are to be substantially in the forms hereinafter provided for; 
 WHEREAS, all acts and things necessary to make
the Notes, when executed by the Company and authenticated and delivered by the Trustee or a duly authorized authenticating agent, as in this Indenture provided, the valid, binding and legal obligations of the Company, and to constitute these
presents a valid agreement according to its terms, have been done and performed, and the execution of this Indenture and the issue hereunder of the Notes have in all respects been duly authorized. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 That in order to declare the terms and conditions upon which the Notes are, and are to be, authenticated, issued and delivered, and in consideration of the premises and of the purchase and acceptance of the Notes by the holders thereof, the
Company covenants and agrees with the Trustee for the equal and proportionate benefit of the respective holders from time to time of the Notes (except as otherwise provided below), as follows: 
 ARTICLE 1 
 DEFINITIONS 
 Section 1.01. Definitions.  
 (a)
The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of 

 
this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01. All other terms used in this
Indenture, which are defined in the Trust Indenture Act or which are by reference therein defined in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires) shall have the meanings assigned to such
terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this Indenture. If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this
Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. The words “herein,” “hereof,” “hereunder,” and words of similar import refer to this Indenture as a whole and not to
any particular Article, Section or other Subdivision. The terms defined in this Article include the plural as well as the singular. 
 “Additional Interest” means all amounts, if any, payable pursuant to Section 2 of the Registration Rights Agreement. 
 “Additional Shares” shall have the meaning specified in Section 13.01(e). 
 “Adjustment Determination
Date” shall have the meaning specified in Section 13.04(j). 
 “Adjustment Event” shall have the meaning
specified in Section 13.04(j). 
 “Affiliate” of any specified person means any other person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified person. For the purposes of this definition, “control,” when used with respect to any specified person means the power to direct or cause
the direction of the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have
meanings correlative to the foregoing. 
 “Beneficial Owner” and “Beneficial Ownership” means as determined
in accordance with Rule 13d-3 under the Exchange Act. 
 “Board of Directors” means the Board of Directors of the Company or
a committee of such Board duly authorized to act for it hereunder. 
 “Board Resolution” means a copy of a resolution
certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors, or duly authorized committee thereof (to the extent permitted by applicable law), and to be in full force and effect on the date
of such certification, and delivered to the Trustee. 
  

 2 

 “Business Day” means, with respect to any Note, any day, except a Saturday, Sunday or
day on which the Federal Reserve Bank of New York is closed. 
 “Capital Lease” means a lease that, in accordance with
accounting principles generally accepted in the United States of America, would be recorded as a capital lease on the balance sheet of the lessee. 
 “Capital Stock” means, for any entity, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) stock issued by that entity.

 “close of business” means 5:00 p.m. (New York City time). 
 “Code” means the Internal Revenue Code of 1983, as amended. 
 “Commission” means the Securities and Exchange Commission. 
 “Common Stock” means, subject to Section 13.06, shares of common stock of the Company, par value $0.01 per share, at the date of
this Indenture or shares of any class or classes resulting from any reclassification or reclassifications thereof and that have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation,
dissolution or winding up of the Company and that are not subject to redemption by the Company; provided that if at any time there shall be more than one such resulting class, the shares of each such class then so issuable shall be
substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 
 “Company” means Advanced Micro Devices, Inc., a Delaware corporation, and subject to the provisions of Article 10, shall include its
successors and assigns and, to the extent the obligations hereunder shall be to more than one entity pursuant to Section 13.06, shall include each of such entities. 
 “Company Order” means a written order of the Company, signed by the Company’s Chief Executive Officer, President, Vice President, Treasurer or Assistant Treasurer or Secretary or any Assistant
Secretary, and delivered to the Trustee. 
 “Conversion Agent” shall have the meaning specified in Section 3.03.

 “Conversion Date” shall have the meaning specified in Section 13.02(c). 
 “Conversion Obligation” shall have the meaning specified in Section 13.01(a). 
  

 3 

 “Conversion Price” means in respect of each $1,000 principal amount of Notes, $1,000
divided by the Conversion Rate, as may be adjusted from time to time as set forth herein. 
 “Conversion Rate” shall have
the meaning specified in Section 13.01(a). 
 “Corporate Trust
Office” or other similar term means the principal corporate trust office of the Trustee at which at any particular time its corporate trust business shall be principally administered, which office is, at the date as of which this Indenture
is dated, located at Wells Fargo Bank, National Association, 608 2nd Avenue South, 12th Floor, Minneapolis, MN 55479. 
 “Custodian” means Wells Fargo Bank, National Association, as custodian for The Depository Trust Company, with respect to the Notes in global form, or any successor entity thereto. 
 “Daily Conversion Value” means, for each of the thirty (30) consecutive
Trading Days during the Observation Period, one-thirtieth (1/30th) of the product of (a) the applicable
Conversion Rate and (b) the Daily VWAP of the Common Stock (or the Reference Property pursuant to Section 13.06) on such day. 
 “Daily Settlement Amount,” for each of the thirty (30) Trading Days during the Observation Period, shall consist of: 
 (i) cash equal to the lesser of one-thirtieth (1/30th) of $1,000 and the Daily Conversion Value relating to such day; and 
 (ii) to the extent such Daily Conversion Value exceeds one-thirtieth (1/30th) of $1,000, a number of shares of Common Stock equal to (A) the difference between such Daily Conversion Value and
one-thirtieth (1/30th) of $1,000, divided by (B) the Daily VWAP of the Common Stock for such day.

 “Daily VWAP” for the Common Stock means, for each of the thirty (30) consecutive Trading Days during the Observation
Period, the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page AMD <equity> [AQR] (or its equivalent successor if such page is unavailable) in respect of the period from 9:30
a.m. to 4:00 p.m. (New York City time) on such Trading Day (or if such volume-weighted average price is unavailable, the market value of one share of Common Stock on such Trading Day as the Board of Directors determines in good faith using a
volume-weighted method). 
 “Default” means any event that is, or after notice or passage of time, or both, would be, an
Event of Default. 
 “Defaulted Interest” shall have the meaning specified in Section 2.04. 
  

 4 

 “Definitive Notes” shall have the meaning specified in Section 2.07(d). 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the person specified in
Section 2.07(d) as the Depositary with respect to such Notes, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and thereafter, “Depositary” shall mean or
include such successor. 
 “Designated Event” means the occurrence of either a Fundamental Change or a Termination of
Trading. 
 “Designated Event Company Notice” shall have the meaning specified in Section 14.01(b). 
 “Designated Event Expiration Time” shall have the meaning specified in Section 14.01(b)(viii). 
 “Designated Event Purchase Date” shall have the meaning specified in Section 14.01(a). 
 “Designated Event Purchase Notice” shall have the meaning specified in Section 14.01(a)(i). 
 “Designated Event Purchase Price” shall have the meaning specified in Section 14.01(a). 
 “Designated Institution” shall have he meaning specified in Section 13.03(a)(i). 
 “Distributed Property” shall have the meaning specified in Section 13.04(c). 
 “Effective Date” shall have the meaning specified in Section 13.01(e)(ii). 
 “Event of Default” means, with respect to the Notes, any event specified in Section 5.01, continued for the period of time, if any,
and after the giving of notice, if any, therein designated. 
 “Ex-Date” means, (a) with respect to
Section 13.01(b), the first date upon which a sale of the Common Stock does not automatically transfer the right to receive the relevant dividend from the seller of the Common Stock to its buyer, and (b) in all other cases, with respect to
any issuance or distribution on the Common Stock or any other equity security, the first date on which the shares of Common Stock or such other equity security trade on the applicable exchange or in the applicable market, regular way, without the
right to receive such issuance or distribution. 
  

 5 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. 
 “Extension Fee” shall have the meaning specified in Section 5.01. 
 “Fundamental Change” will be deemed to have occurred at the time after the Notes are originally issued that any of the following occurs:

  

	 	(1)	any Person acquires Beneficial Ownership, directly or indirectly, through a purchase, merger or other acquisition transaction or series of transactions, of shares of the
Company’s Capital Stock entitling the person to exercise fifty percent (50%) or more of the total voting power of all shares of the Company’s Capital Stock entitled to vote generally in elections of directors, other than an
acquisition by the Company, any of the Company’s Subsidiaries or any of the Company’s employee benefit plans; 

  

	 	(2)	the Company merges, or consolidates with or into any other Person (other than a Subsidiary), another Person merges with or into the Company, or the Company conveys, sells, transfers
or leases all or substantially all of the Company’s assets to another Person, other than any transaction: 

  

	 	(A)	that does not result in a reclassification, conversion, exchange or cancellation of Company’s outstanding Common Stock; 

  

	 	(B)	pursuant to which the holders of the Company’s Common Stock immediately prior to the transaction have the entitlement to exercise, directly or indirectly, fifty percent
(50%) or more of the voting power of all shares of Capital Stock entitled to vote generally in the election of directors of the continuing or surviving corporation immediately after the transaction; or 

  

	 	(C)	which is effected solely to change the Company’s jurisdiction of incorporation and results in a reclassification, conversion or exchange of outstanding shares of the
Company’s Common Stock solely into shares of common stock of the surviving entity. 

 However, notwithstanding the foregoing, Noteholders
will not have the right to require the Company to purchase any Notes under clauses (1) or (2) above (and the Company will not be required to deliver the Designated Event Purchase Notice incidental thereto) if at least ninety percent
(90%) of the consideration paid 

  

 6 

 
for the Company’s Common Stock (excluding cash payments for fractional shares and cash payments made pursuant to dissenters’ appraisal rights) in a
merger or consolidation or a conveyance, sale, transfer or lease otherwise constituting a Fundamental Change under clause (2) above consists of shares of common stock that are (x) listed on, or immediately after the transaction or event
will be listed on, a United States national securities exchange or (y) approved, or immediately after the transaction or event will be approved, for quotation on a United States system of automated dissemination of quotations of securities
prices similar to the NASDAQ National Market prior to its designation as a national securities exchange and, as a result of the merger or consolidation, the Notes become convertible into such shares of such common stock. 
 “Global Note” shall have the meaning specified in Section 2.07(b). 
 “Global Note Legend” shall have the meaning specified in Section 2.03(d). 
 “Indebtedness” as applied to any Person, means (i) obligations, contingent or otherwise, for money borrowed (other than unamortized
debt discount or premium); (ii) reimbursement and other obligations pertaining to letters of credit issued for the account of such Person; (iii) obligations under any swap, cap, collar, forward purchase contract, derivatives contract or
other similar agreement pursuant to which such Person hedges risks related to interest rates, currency exchange rates, commodity prices, financial market conditions or other risks incurred by such Person in the operation of its business;
(iv) obligations evidenced by bonds, debentures, promissory notes or other instruments or arrangements; (v) obligations as lessee under a Capital Lease; and (vi) obligations of such Person under any amendments, renewals, extensions,
modifications and refundings of any such Indebtedness or obligations listed in clause (i), (ii), (iii), (iv) or (v) above. All indebtedness of any type described in the immediately preceding sentence which is secured by a lien upon
property owned by such Person, although such Person has not assumed or become liable for the payment of such Indebtedness, shall for all purposes be deemed to be Indebtedness of such Person. All indebtedness for borrowed money incurred by any other
Persons which is directly guaranteed as to payment of principal by such Person shall for all purposes be deemed to be Indebtedness of such Person, but no other contingent obligation of such Person in respect of indebtedness incurred by any other
Persons shall for any purpose be deemed to be indebtedness of such Person. 
 “Indenture” means this instrument as
originally executed or, if amended or supplemented as herein provided, as so amended or supplemented. 
 “Initial
Purchasers” has the meaning set forth in the Purchase Agreement. 
  

 7 

 “Interest Payment Date” means May 1 and November 1 of each year, beginning on
November 1, 2007. 
 “Last Reported Sale Price” means, with respect to the Common Stock or any other security for which
a Last Reported Sale Price must be determined, on any date, the closing sale price per share of the Common Stock or unit of such other security (or, if no closing sale price is reported, the average of the last bid and last ask prices or, if more
than one in either case, the average of the average last bid and the average last ask prices) on such date as reported in composite transactions for the principal U.S. securities exchange on which it is traded. If the Common Stock or such other
security is not listed for trading on a U.S. national or regional securities exchange, on the relevant date, the Last Reported Sale Price shall be the last quoted bid price per share of Common Stock or such other security in the over-the-counter
market on the relevant date, as reported by the National Quotation Bureau or similar organization. In absence of such quotation, the Last Reported Sale Price shall be the average of the mid-point of the last bid and asked prices for the Common Stock
or such other security on the relevant date from each of at least three nationally recognized independent investment banking firms, which may include any or all of the Initial Purchasers selected from time to time by the Board of Directors of the
Company for that purpose. The Last Reported Sale Price shall be determined without reference to extended or after hours trading. 
 “Market Disruption Event” means the occurrence or existence for more than a one-half hour period in the aggregate on any Scheduled Trading Day for the Common Stock of any suspension or limitation imposed on trading (by
reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Common Stock or in any options, contracts or future contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any
time before 1:00 p.m. (New York City time) on such day. 
 “Maturity Date” means May 1, 2015. 
 “Measurement Period” shall have the meaning specified in Section 13.01(a)(i). 
 “Merger Event” shall have the meaning specified in Section 13.06. 
 “Note” or “Notes” means any note or notes, as the case may be, authenticated and delivered under this Indenture.

 “Noteholder” or “holder,” as applied to any Note, or other similar terms (but excluding the term
“beneficial holder”), means any person in whose name at the time a particular Note is registered on the Note register. 
  

 8 

 “Note register” shall have the meaning specified in Section 2.07(a). 
 “Note Registrar” shall have the meaning specified in Section 2.07(a). 
 “Notice of Conversion” shall have the meaning specified in Section 13.02(c). 
 “Observation Period” means, with respect to any Note, , the thirty
(30) consecutive Trading Day period beginning on and including the third Trading Day following the related Conversion Date in respect of such Note except that, with respect to any Conversion Date with respect to the Notes occurring during the
period beginning on the 32nd Scheduled Trading Day prior to the applicable Maturity Date and ending at the close of
business on the Scheduled Trading Day immediately preceding such Maturity Date, “Observation Period” means the first thirty (30) Trading Days, beginning on and including the thirty-second (32nd) Scheduled Trading Day prior to such Maturity Date. 
 “Officer’s Certificate,” when used with respect to the Company, means a certificate signed by one of the President, the Chief Executive Officer, any Vice President, the Treasurer or any Assistant
Treasurer, Secretary or any Assistant Secretary of the Company, which is delivered to the Trustee. Each such certificate shall include the statements provided for in Section 15.05 if and to the extent required by the provisions of such Section.
The officer giving an Officer’s Certificate pursuant to Section 5.08 shall be the principal executive, financial or accounting officer of the Company. 
 “Offering Memorandum” means the offering memorandum dated April 24, 2007 relating to the offering by the Company of the Notes. 
 “Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or counsel to the Company, or other
counsel acceptable to the Trustee, which is delivered to the Trustee. Each such opinion shall include the statements provided for in Section 15.05 if and to the extent required by the provisions of such Section. 
 “Outstanding,” when used with reference to the Notes, shall, subject to the provisions of Section 7.04, mean, as of any particular
time, all Notes authenticated and delivered by the Trustee under this Indenture, except: 
 (i) Notes theretofore canceled by
the Trustee or accepted by the Trustee for cancellation, 
 (ii) Notes, or portions thereof, for the payment or purchase of
which monies in the necessary amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the Company) or 

  

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shall have been set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent); 
 (iii) Notes in lieu of which, or in substitution for which, other Notes shall have been authenticated and delivered pursuant to the terms
of Section 2.09 unless proof satisfactory to the Trustee is presented that any such Notes are held by protected purchasers in due course; and 
 (iv) Notes converted pursuant to Article 13. 
 “Paying Agent” shall have the meaning
specified in Section 3.03. 
 “Person” means an individual, a corporation, a limited liability company, an association,
a partnership, a joint venture, a joint stock company, a trust, an unincorporated organization or a government or an agency or a political subdivision thereof, including any syndicate or group that would be deemed to be a “person” under
Section 13(d)(3) of the Exchange Act. 
 “Predecessor Note” of any particular Note means every previous Note evidencing
all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.09 in lieu of a lost, destroyed or stolen Note shall be deemed to
evidence the same debt as the lost, destroyed or stolen Note that it replaces. 
 “Purchase Agreement” means that certain
Purchase Agreement, dated April 24, 2007 among the Company and the Initial Purchasers. 
 “QIB” means any
“qualified institutional buyer” (as such term is defined in Rule 144A). 
 “Record Date” or “record
date,” (i) with respect to the payment of interest on the Notes on any Interest Payment Date, shall have the meaning specified in Section 2.04 and (ii) for purposes of Section 13.04 shall mean, with respect to any
dividend, distribution or other transaction or event in which the holders of Common Stock have the right to receive any cash, securities or other property or in which the Common Stock (or other applicable security) is exchanged for or converted into
any combination of cash, securities or other property, the date fixed for determination of stockholders entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors or by statute, contract or
otherwise). 
 “Reference Property” shall have the meaning specified in Section 13.06(b). 
  

 10 

 “Registration Rights Agreement” means the Registration Rights Agreement dated as of the
date hereof among the Company and the Initial Purchasers. 
 “Responsible Officer,” when used with respect to the Trustee,
shall mean an officer of the Trustee in the Corporate Trust Office, having direct responsibility for the administration of this Indenture, and also, with respect to a particular matter, any other officer to whom such matter is referred because of
such officer’s knowledge of and familiarity with the particular subject. 
 “Restricted Securities” shall have the
meaning specified in Section 2.03. 
 “Restricted Securities Legend” shall have the meaning specified in
Section 2.03. 
 “Rule 144” means Rule 144 under the Securities Act. 
 “Rule 144A” means Rule 144A under the Securities Act. 
 “Scheduled Trading Day” means a day that is scheduled to be a trading day on the U.S. national securities exchange market on which Common Stock is listed or admitted for trading. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 
 “Spin-Off” shall have the meaning specified in Section 13.04(c). 
 “Significant Subsidiary” means such Subsidiary of the Company as meets the definition of “significant subsidiary” in Rule 1-02
of Regulation S-X promulgated by the Commission as in effect on the original date of issuance of the Notes. 
 “Stock Price”
means the price paid per share of Common Stock in connection with a Fundamental Change pursuant to which Additional Shares shall be added to the Conversion Rate as set forth in Section 13.01(d) hereof, which shall be equal to (i) if
holders of Common Stock receive only cash in such Fundamental Change, the cash amount paid per share of Common Stock and (ii) in all other cases, the average of the Last Reported Sale Prices of the Common Stock over the five consecutive Trading
Day period ending on the Trading Day preceding the Effective Date of the Fundamental Change. 
 “Subsidiary” of the Company
means (i) a corporation a majority of whose Capital Stock with voting power, under ordinary circumstances, to elect directors is at the time, directly or indirectly, owned by the Company, by the Company and one or more Subsidiaries of the
Company or by one or more Subsidiaries of the 

  

 11 

 
Company or (ii) any other Person (other than a corporation) in which the Company, one or more Subsidiaries of the Company or the Company and one or more
Subsidiaries of the Company, directly or indirectly, at the date of determination thereof, has greater than a fifty percent (50%) ownership interest. 
 “Successor Company” shall have the meaning specified in Section 10.01(a). 
 “Termination of Trading” means the occurrence if the Common Stock is neither listed for trading on a U.S. national securities exchange nor approved for quotation on a U.S. system of automated dissemination of quotation of
securities prices similar to the NASDAQ National Market (prior to its designation as a national securities exchange). 
 “Trading
Day” means a day during which (a) trading in Common Stock generally occurs and (b) there is no Market Disruption Event; provided that if the Common Stock (or other security for which a closing sale price must be determined)
is not admitted for trading or quotation on or by any exchange, bureau or other organization referred to in the definition of Last Reported Sale Price (excluding the last sentence of that definition), Trading Date shall mean any Business Day.

 “Trading Price” with respect to the Notes, on any date of determination, means the average of the secondary market bid
quotations obtained by the Trustee for $2.0 million principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Company, which
may include any or all of the Initial Purchasers; provided that if three such bids cannot reasonably be obtained by the Trustee, but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can
reasonably be obtained by the Trustee, that one bid shall be used. If the Trustee cannot reasonably obtain at least one bid for $2.0 million principal amount of Notes from a nationally recognized securities dealer, then the Trading Price per $1,000
principal amount of such Notes will be deemed to be less than ninety-eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock (as provided to the Trustee by the Company) and the Conversion Rate. If the Company does
not, when obligated to do so, make a request to the Trustee to determine the Trading Price of the Notes, or if the Company makes such request to the Trustee and the Trustee does not make such determination, then the Trading Price per $1,000
principal amount of the Notes will be deemed to be less than ninety-eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock (as provided to the Trustee by the Company) and the Conversion Rate. 
 “transfer” shall have the meaning specified in Section 2.03. 
  

 12 

 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in
force at the date of execution of this Indenture; provided however, that in the event the Trust Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act” shall mean, to the extent required by such
amendment, the Trust Indenture Act of 1939, as so amended. 
 “Trustee” means Wells Fargo Bank, National Association, and
its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee at the time serving as successor trustee hereunder. 
 Section 1.02. Incorporation by Reference of Trust Indenture Act.  
 This Indenture is subject to the mandatory provisions of the Trust Indenture Act, which are incorporated by reference in and made a part of this
Indenture. The following Trust Indenture Act terms have the following meanings: 
 “indenture securities” means the Notes.

 “indenture security holder” means a holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Company and any other obligor on the indenture securities. 
 All
other terms in this Indenture that are defined by the Trust Indenture Act, defined by it by reference to another statute or defined by Commission rule have the meanings assigned to them by such definitions. If any provision hereof limits, qualifies
or conflicts with another provision hereof which is required to be included in this Indenture by the Trust Indenture Act, such required provision shall control. 
 ARTICLE 2 
 ISSUE, DESCRIPTION, EXECUTION,
REGISTRATION AND EXCHANGE OF NOTES 
 Section 2.01.
Designation and Amount. The Notes shall be designated as the “6.00% Convertible Senior Notes due 2015.” The aggregate principal amount of the Notes that may be authenticated and delivered under this Indenture is initially limited to
$2,200,000,000, subject to Section 2.13 and except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or 

  

 13 

 
in lieu of other Notes pursuant to Section 2.07, Section 2.09, Section 9.04 and Section 13.02. 
 Section 2.02. Form of Notes. The Notes and the Trustee’s certificate of authentication to be borne by such Notes shall be substantially
in the form set forth in Exhibit A, with such applicable legends as are provided for in Section 2.03. 
 Any of the Notes may
have such letters, numbers or other marks of identification and such notations, legends or endorsements as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with
the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be
listed or designated for issuance, or to conform to usage. 
 The Notes shall be issued initially in the form of one or more permanent Global
Notes with the applicable legends as provided in Section 2.03. Each Global Note shall represent such principal amount of the outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate principal
amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be increased or reduced to reflect purchases, conversions, transfers or exchanges
permitted hereby. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee, in such
manner and upon instructions given by the holder of such Notes in accordance with this Indenture. Payment of principal and accrued and unpaid interest on the Global Note shall be made to the holder of such Note on the date of payment, unless a
record date or other means of determining holders eligible to receive payment is provided for herein. 
 The terms and provisions contained
in the forms of Note attached as Exhibit A hereto are incorporated herein and shall constitute, and are hereby expressly made, a part of this Indenture and to the extent applicable, the Company and the Trustee, by their execution and delivery
of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 Section 2.03. Legends. Each Note
issued hereunder and each Common Stock certificate representing shares of Common Stock issued upon conversion of such Note (collectively, the “Restricted Securities”) shall, upon issuance, bear the legend set forth in
Section 2.03(a) or 2.03(b), as applicable (each a “Restricted Securities Legend”), and such legend shall not be removed except as provided in Section 2.03(c). Each such Restricted Security that bears or is 

  

 14 

 
required to bear the applicable Restricted Securities Legend shall be subject to the restrictions on transfer set forth in this Section 2.03 (including
the Restricted Securities Legend set forth below), and the holder of each such Restricted Security, by such holder’s acceptance thereof, shall be deemed to have agreed to be bound by all such restrictions on transfer. 
 As used in Section 2.03, the term “transfer” encompasses any sale, pledge, transfer or other disposition whatsoever of any
Restricted Security. 
 (a) Restricted Securities Legend for the Notes. Except as provided in Section 2.03(c), any certificate
evidencing such Note (and all Notes issued in exchange therefor or substitution thereof, shall bear a Restricted Securities Legend in substantially the following form: 
 THIS SECURITY AND THE SHARES OF ADVANCED MICRO DEVICES, INC. (THE “COMPANY”) COMMON STOCK (“COMMON STOCK”) ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY, THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF,
(1) AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS TWO YEARS AFTER THE LAST ORIGINAL ISSUE DATE HEREOF ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY
THEREOF, (B) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS
OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE RIGHTS OF THE COMPANY AND THE TRUSTEE PRIOR TO ANY SUCH OFFER, SALE OR 

  

 15 

 
TRANSFER PURSUANT TO CLAUSE (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM,
AND IN EACH OF THE FOREGOING CASES WHERE REGISTRATION OR TRANSFER OF THIS SECURITY IS REQUIRED, A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE AND
(2) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED AFTER THE RESALE RESTRICTION TERMINATION DATE. THE INDENTURE CONTAINS A PROVISION
REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING RESTRICTION. IN ANY CASE, THE HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY ENGAGE IN ANY HEDGING TRANSACTIONS WITH REGARD TO THIS SECURITY OR THE
COMMON STOCK EXCEPT AS PERMITTED UNDER THE SECURITIES ACT. 
 (b) Restricted Securities Legend for the Common Stock Issued Upon Conversion
of the Notes. Each stock certificate representing Common Stock issued upon conversion of Notes bearing a Restricted Securities Legend will, subject to the availability of a Shelf Registration Statement (as defined in the Registration Rights
Agreement) and registration thereunder as set forth in the Registration Rights Agreement, bear the following legend: 
 THIS SECURITY HAS NOT
BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER AGREES
(1) THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THE SECURITY EVIDENCED HEREBY, EXCEPT (A) TO THE ISSUER; (B) UNDER A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO A PERSON THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A ADOPTED UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO WHOM NOTICE IS GIVEN THAT THE
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, ALL IN COMPLIANCE WITH RULE 144A (IF AVAILABLE); OR (D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 

  

 16 

 
SECURITIES ACT; AND (2) IT WILL, PRIOR TO ANY TRANSFER OF THIS SECURITY FURNISH TO THE TRANSFER AGENT AND THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS
OR OTHER INFORMATION AS MAY BE REQUIRED TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 (c) Removal of the Restricted Securities Legends. The Restricted Securities Legend may be removed from any Note or any Common Stock certificate
representing shares of the Common Stock issued upon conversion of any Note if there is delivered to the Company such satisfactory evidence, which may include an opinion of independent counsel, as may be reasonably required by the Company, that
neither such legend nor the restrictions on transfer set forth therein are required to ensure that transfers of such Note or shares of the Common Stock issued upon conversion of Notes, as the case may be, will not violate the registration
requirements of the Securities Act or the qualification requirements under any state securities laws. Upon provision of such satisfactory evidence, at the written direction of the Company, (x) in the case of a Note, the Trustee shall
authenticate and deliver in exchange for such Note another Note or Notes having an equal aggregate principal amount that does not bear such legend or (y) in the case of a Common Stock certificate representing shares of the Common Stock, the
transfer agent for the Common Stock shall authenticate and deliver in exchange for the Common Stock certificate or certificates representing such shares of Common Stock bearing such legend, one or more new Common Stock certificates representing a
like aggregate number of shares of Common Stock that do not bear such legend. If the Restricted Securities Legend has been removed from a Note or Common Stock certificates representing shares of the Common Stock issued upon conversion of any Note as
provided above, no other Note issued in exchange for all or any part of such Note, or no other Common Stock certificates issued in exchange for such Common Stock, shall bear such legend, unless the Company has reasonable cause to believe that such
other Note is a “restricted security” (or such shares of Common Stock are “restricted securities”) within the meaning of Rule 144 and instructs the Trustee in writing to cause a Restricted Securities Legend to appear thereon.

 Any Note (or Note issued in exchange or substitution therefor) as to which the conditions for removal of the Restricted Securities Legend
set forth in Section 2.03(a) as set forth therein have been satisfied may, upon surrender of such Note for exchange to the Note Registrar in accordance with the provisions of Section 2.07, be exchanged for a new Note or Notes, of like
tenor and aggregate principal amount, which shall not bear the Restricted Securities Legend required by Section 2.03(a). 
  

 17 

 Any Common Stock certificate representing shares of Common Stock issued upon conversion of any Note as to
which the conditions for removal of the Restricted Securities Legend set forth in Section 2.03(b) have been satisfied may, upon surrender of the Common Stock certificates representing such shares of Common Stock for exchange in accordance with
the procedures of the transfer agent for the Common Stock, be exchanged for a new Common Stock certificate or certificates representing a like aggregate number of shares of Common Stock, which shall not bear the Restricted Securities Legend.

 (d) Global Note Legend. Each Global Note shall also bear the following legend (the “Global Note Legend”) on the
face thereof: 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL 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 SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO IN THE TERMS OF THE NOTE ATTACHED HERETO. 
 (e) Legend for Definitive Notes. Definitive Notes, in addition to
the legend set forth in Section 2.03(a), will also bear a legend substantially in the following form: 
 THIS SECURITY WILL NOT BE
ACCEPTED IN EXCHANGE FOR A BENEFICIAL INTEREST IN A GLOBAL NOTE UNLESS THE HOLDER OF THIS SECURITY, SUBSEQUENT TO SUCH EXCHANGE, WILL HOLD NO NOTES. 
  

 18 

 Section 2.04. Date and Denomination of Notes; Payments of Interest. The Notes shall be
issuable initially in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of
the form of Note attached as Exhibit A hereto, as applicable. Interest on the Notes (including any Additional Interest) shall be computed on the basis of a 360-day year comprising of twelve (12) 30-day months. 
 If any Interest Payment Date (other than an Interest Payment Date coinciding with the Maturity Date or required Designated Event Purchase Date) of a Note
falls on a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day. If the Maturity Date or required Designated Event Purchase Date would fall on a day that is not a Business Day, the required
payment of interest (including any Additional Interest), if any, and principal, will be made on the next succeeding Business Day and no interest on such payment will accrue for the period from and after the Maturity Date or required Designated Event
Purchase Date to such next succeeding Business Day. 
 The Person in whose name any Note (or its Predecessor Note) is registered on the Note
register at the close of business on any record date with respect to any Interest Payment Date shall be entitled to receive the interest (including any Additional Interest) payable on such Interest Payment Date. Interest shall be payable at the
office of the Company maintained by the Company for such purposes in Minneapolis, Minnesota. The Company shall pay interest (including Additional Interest, if any) (i) on any Global Note in immediately available funds to the account of the
Depositary or its nominee or (ii) on Notes in certificated form (x) to holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the holders of these Notes or (y) to holders having an aggregate principal
amount of more than $5,000,000, either by check mailed to each holder or, upon application by a holder to the Note Registrar not later than the relevant record date, by wire transfer in immediately available funds to that holder’s account
within the United States, which application shall remain in effect until the holder notifies, in writing, the Note Registrar to the contrary. The term “record date” with respect to any Interest Payment Date shall mean the
April 15 or October 15 preceding the applicable May 1 or November 1 Interest Payment Date, respectively. 
 Any interest
on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Noteholder on the relevant record date by
virtue of his having been such Noteholder, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 
  

 19 

 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Notes (or their respective Predecessor Notes) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing
of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five (25) days after the receipt by the Trustee of such notice, unless the Trustee shall consent to
an earlier date), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such
deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record
date for the payment of such Defaulted Interest which shall be not more than fifteen (15) days and not less than ten (10) days prior to the date of the proposed payment, and not less than ten (10) days after the receipt by the Trustee
of the notice of the proposed payment. The Company shall promptly notify the Trustee in writing of such special record date and the Trustee, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the special record date therefor to be mailed, first-class postage prepaid, to each holder at his address as it appears in the Note register, not less than ten (10) days prior to such special record date. Notice of the proposed
payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of
business on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 2.04. 
 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for
issuance, and upon such notice as may be required by such exchange or automated quotation system, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed
practicable by the Trustee. 
 Section 2.05. Date and Denomination of Notes. The Notes shall be issuable initially in fully
registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Every Note shall be dated the date of its authentication. 
 Section 2.06. Execution, Authentication and Delivery of Notes. The Notes shall be signed in the name and on behalf of the Company by the manual or 

  

 20 

 
facsimile signature of its Chairman or Vice-Chairman of the Board of Directors, Chief Executive Officer, President or any of its Vice Presidents. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the
Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with such Company Order shall authenticate and deliver such Notes, without any further action by the Company
hereunder. 
 Only such Notes as shall bear thereon a certificate of authentication substantially in the form set forth on the form of Note
attached as Exhibit A hereto, manually executed by the Trustee (or an authenticating agent appointed by the Trustee as provided by Section 15.10), shall be entitled to the benefits of this Indenture or be valid or obligatory for any
purpose. Such certificate by the Trustee (or such an authenticating agent) upon any Note executed by the Company shall be conclusive evidence that the Note so authenticated has been duly authenticated and delivered hereunder and that the holder is
entitled to the benefits of this Indenture. 
 In case any officer of the Company who shall have signed any of the Notes shall cease to be
such officer before the Notes so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Notes nevertheless may be authenticated and delivered or disposed of as though the person who signed such Notes
had not ceased to be such officer of the Company and any Note may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Note, shall be the proper officers of the Company, although at the date of the
execution of this Indenture any such person was not such an officer. 
 The Trustee shall have the right to decline to authenticate and
deliver any Notes under this Section if the Trustee, being advised by counsel of national reputation, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to
personal liability to existing Noteholders. 
 Section 2.07. Exchange and Registration of Transfer of Notes; Transfer Generally;
Depositary.  
 (a) The Company shall cause to be kept at the Corporate Trust Office a register for the Notes (the register maintained in
such office and in any other office or agency of the Company designated pursuant to Section 3.03 being herein sometimes collectively referred to as the “Note register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Notes and of transfers of Notes. Such register shall be in 

  

 21 

 
written form or in any form capable of being converted into written form within a reasonable period of time. The Trustee is hereby appointed “Note
Registrar” for the purpose of registering Notes and transfers of Notes as herein provided. The Company may appoint one or more co-registrars in accordance with Section 3.03. 
 Upon surrender for registration of transfer of any Note to the Note Registrar or any co-registrar, and satisfaction of the requirements for such transfer
set forth in this Section 2.07, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denominations and of a like aggregate
principal amount and bearing such restrictive legends as may be required by this Indenture. 
 Notes may be exchanged for other Notes of any
authorized denominations and of a like aggregate principal amount, upon surrender of such Notes to be exchanged at any such office or agency maintained by the Company pursuant to Section 3.03. Whenever any Notes are so surrendered for exchange,
the Company shall execute, and the Trustee shall authenticate and deliver, the Notes which the Noteholder making the exchange is entitled to receive, bearing registration numbers not contemporaneously outstanding. 
 All Notes presented or surrendered for registration of transfer or for exchange, purchase or conversion shall (if so required by the Company, the
Trustee, the Note Registrar or any co-registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and duly executed, by the Noteholder thereof or his attorney-in-fact duly
authorized in writing. 
 No service charge shall be charged to the Noteholder for any exchange or registration of transfer of Notes, but the
Company or the Trustee may require payment of a sum sufficient to cover any tax, assessments or other governmental charges that may be imposed in connection therewith. 
 None of the Company, the Trustee, the Note Registrar or any co-registrar shall be required to exchange or register a transfer of (a) any Notes surrendered for conversion or, if a portion of any Note is
surrendered for conversion, such portion thereof surrendered for conversion or (b) any Notes, or a portion of any Note, surrendered for purchase (and not withdrawn) except in accordance with Article 13 for conversion and Article 14 for purchase
hereof, respectively. 
 All Notes issued upon any registration of transfer or exchange of Notes in accordance with this Indenture shall be
the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. 
  

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 (b) So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise
required by law, all Notes shall be represented by one or more Notes in global form (each, a “Global Note”) registered in the name of the Depositary or the nominee of the Depositary. The transfer and exchange of beneficial interests
in a Global Note, which does not involve the issuance of a Definitive Note, shall be effected through the Depositary (but not the Trustee or the Custodian) in accordance with this Indenture (including the restrictions on transfer set forth herein)
and the procedures of the Depositary therefor. 
 (c) Any Global Note shall initially bear (i) the Restricted Securities Legend set
forth in Section 2.03(a) and (ii) the Global Note Legend set forth in Section 2.03(d), and may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this
Indenture as may be required by the Custodian, the Depositary or by the National Association of Securities Dealers, Inc. to comply with any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange or
automated quotation system upon which the Notes may be listed or traded or designated for issuance or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Notes are subject.

 Notwithstanding any other provisions of this Indenture, a Global Note may not be transferred as a whole or in part except by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.

 (d) The Depositary shall be a clearing agency registered under the Exchange Act. The Company initially appoints The Depository Trust
Company to act as Depositary with respect to each Global Note. Initially, each Global Note shall be issued to the Depositary, registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee as
custodian for Cede & Co. 
 If at any time the Depositary for a Global Note (i) notifies the Company that it is unwilling or
unable to continue as Depositary for such Note or (ii) ceases to be registered as a clearing agency under the Exchange Act, the Company may appoint a successor Depositary with respect to such Note. If (1) a successor Depositary for such
Global Note is not appointed by the Company within ninety (90) days after the Company receives such notice or the Depositary ceasing to be a registered clearing agency, (2) the Company, at its option, notifies the Trustee that it elects to
cause the issuance of Notes in definitive form (“Definitive Notes”) in exchange for all or any part of the Notes represented by a Global Note, subject to the procedures of the Depositary, or (3) an Event of Default has occurred
and is continuing and the Note Registrar has received a request from the Depositary for 

  

 23 

 
the issuance of Definitive Notes in exchange for a Global Note, the Company will execute, and the Trustee, upon receipt of an Officer’s Certificate for
the authentication and delivery of Definitive Notes, will authenticate and deliver Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, and upon delivery of the Global
Note to the Trustee such Global Note shall be canceled. 
 Definitive Notes issued in exchange for all or a part of the Global Note pursuant
to this Section 2.07(d) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Upon execution and
authentication, the Trustee shall deliver such Definitive Notes to the persons in whose names such Definitive Notes are so registered. 
 At
such time as all interests in a Global Note have been converted, canceled, purchased or transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee in accordance with standing procedures and instructions existing between
the Depositary and the Custodian. At any time prior to such cancellation, if any interest in a Global Note is exchanged for Definitive Notes, converted, canceled, purchased or transferred to a transferee who receives Definitive Notes therefor or any
Definitive Note is exchanged or transferred for part of such Global Note, the principal amount of such Global Note shall, in accordance with the standing procedures and instructions existing between the Depositary and the Custodian, be appropriately
reduced or increased, as the case may be, and an endorsement shall be made on such Global Note, by the Trustee or the Custodian, at the direction of the Trustee, to reflect such reduction or increase. 
 Section 2.08. Special Transfer Provisions. Unless a Note is no longer a Restricted Security, the following provisions shall apply to any
sale, pledge or other transfer of such Notes: 
 (a) Transfer of Notes to a QIB. The following provisions shall apply with respect to
the registration of any proposed transfer of Notes to a QIB: 
 (i) If the Notes to be transferred consist of a beneficial
interest in the Global Notes, the transfer of such interest may be effected only through the book-entry systems maintained by The Depositary Trust Company. 
 (ii) If the Notes to be transferred consist of Definitive Notes, the Note Registrar shall register the transfer if such transfer is being made by a proposed transferor who has checked the box provided for on the form
of Note stating (or has otherwise advised the Company and the Registrar in writing) that the sale has been made in compliance with the provisions of Rule 144A to a transferee who has signed a certification 

  

 24 

 
stating or has otherwise advised the Company and the Note Registrar in writing that: 
 (A) it is purchasing the Notes for its own account or an account with respect to which it exercises sole investment discretion;

 (B) it and any such account is a QIB within the meaning of Rule 144A; 
 (C) it is aware that the sale to it is being made in reliance on Rule 144A; 
 (D) it acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A or has
determined not to request such information; and 
 (E) it is aware that the transferor is relying upon its foregoing
representations in order to claim the exemption from registration provided by Rule 144A. 
 (b) General. By its acceptance of any Note
bearing the Restricted Securities Legend, each holder of such Note acknowledges the restrictions on transfer of such Note set forth in this Indenture and agrees that it will transfer such Note only as provided in this Indenture. The Note Registrar
shall not register a transfer of any Note unless such transfer complies with the restrictions on transfer of such Note set forth in this Indenture. The Note Registrar shall be entitled to receive and rely on written instructions from the Company
verifying that such transfer complies with such restrictions on transfer. In connection with any transfer of Notes, each holder agrees by its acceptance of the Notes to furnish the Note Registrar or the Company such certifications, legal opinions or
other information as either of them may reasonably require to confirm that such transfer is being made pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act; provided that the Note
Registrar shall not be required to determine (but may rely on a determination made by the Company with respect to) the sufficiency of any such certifications, legal opinions or other information. 
 The Note Registrar shall retain copies of all certifications, letters, notices and other written communications received pursuant to Section 2.06
hereof or this Section 2.08. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Note Registrar.

  

 25 

 Section 2.09. Mutilated, Destroyed, Lost or Stolen Notes. In case any Note shall become
mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and upon its written request the Trustee or an authenticating agent appointed by the Trustee shall authenticate and deliver, a new Note, bearing a number not
contemporaneously outstanding, in exchange and substitution for the mutilated Note, or in lieu of and in substitution for the Note so destroyed, lost or stolen. In every case the applicant for a substituted Note shall furnish to the Company, to the
Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by them to save each of them harmless from any loss, liability, cost or expense caused by or connected with such substitution, and, in every case
of destruction, loss or theft, the applicant shall also furnish to the Company, to the Trustee and, if applicable, to such authenticating agent evidence to their satisfaction of the destruction, loss or theft of such Note and of the ownership
thereof. 
 The Trustee or such authenticating agent may authenticate any such substituted Note and deliver the same upon the receipt of such
security or indemnity as the Trustee, the Company and, if applicable, such authenticating agent may require. Upon the issuance of any substituted Note, the Company or the Trustee may require the payment by the holder of a sum sufficient to cover any
tax, assessment or other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Note which has matured or is about to mature or has been tendered for purchase upon a Designated Event or is
about to be converted into Common Stock shall become mutilated or be destroyed, lost or stolen, the Company may, in its sole discretion, instead of issuing a substitute Note, pay or authorize the payment of or convert or authorize the conversion of
the same (without surrender thereof except in the case of a mutilated Note), as the case may be, if the applicant for such payment or conversion shall furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such
security or indemnity as may be required by them to save each of them harmless for any loss, liability, cost or expense caused by or connected with such substitution, and, in every case of destruction, loss or theft, evidence satisfactory to the
Company, the Trustee and, if applicable, any Paying Agent or Conversion Agent evidence of their satisfaction of the destruction, loss or theft of such Note and of the ownership thereof. 
 Every substitute Note issued pursuant to the provisions of this Section 2.09 by virtue of the fact that any Note is destroyed, lost or stolen shall
constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Note shall be found at any time, and shall be entitled to all the benefits of (but shall be subject to all the limitations set forth in)
this Indenture equally and proportionately with any and all other Notes duly issued hereunder. To the extent permitted by law, all Notes shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to
the replacement or payment or conversion or purchase of mutilated, destroyed, lost or 

  

 26 

 
stolen Notes and shall preclude any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with
respect to the replacement or payment or conversion of negotiable instruments or other securities without their surrender. 
 Section 2.10. Temporary Notes. Pending the preparation of Notes in certificated form, the Company may execute and the Trustee or an authenticating agent appointed by the Trustee shall, upon written request of the Company,
authenticate and deliver temporary Notes (printed or lithographed). Temporary Notes shall be issuable in any authorized denomination, and substantially in the form of the Notes in certificated form but with such omissions, insertions and variations
as may be appropriate for temporary Notes, all as may be determined by the Company. Every such temporary Note shall be executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in
substantially the same manner, and with the same effect, as the Notes in certificated form. Without unreasonable delay the Company will execute and deliver to the Trustee or such authenticating agent Notes in certificated form (other than in the
case of Notes in global form) and thereupon any or all temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or agency maintained by the Company pursuant to Section 3.03 and the Trustee or such
authenticating agent shall authenticate and deliver in exchange for such temporary Notes an equal aggregate principal amount of Notes in certificated form. Such exchange shall be made by the Company at its own expense and without any charge
therefor. Until so exchanged, such temporary Notes shall in all respects be entitled to the same benefits and subject to the same limitations under this Indenture as Notes in certificated form authenticated and delivered hereunder. 
 Section 2.11. Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, purchase, conversion, exchange or
registration of transfer, shall, if surrendered to the Company or any Paying Agent or any Note Registrar or any Conversion Agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee, shall be promptly
canceled by it, and no Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall destroy canceled Notes in accordance with its customary procedures and, after such destruction,
shall deliver a certificate of such destruction to the Company, at the Company’s written request. If the Company shall acquire any of the Notes, such acquisition shall not operate as satisfaction of the Indebtedness represented by such Notes
unless and until the same are delivered to the Trustee for cancellation. 
 Section 2.12. CUSIP Numbers. The Company in issuing
the Notes may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in Company Notices as a convenience to holders of the Notes; provided, that any such notice may state that no
representation is made as to the 

  

 27 

 
correctness of such numbers either as printed on the Notes or Company Notice and that reliance may be placed only on the other identification numbers printed
on the Notes. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 Section 2.13. Additional Notes, Purchases. The Company may, without the consent of the Noteholders and notwithstanding Section 2.01, reopen the Notes and issue additional Notes hereunder with the same terms and with the
same CUSIP number as such Notes initially issued hereunder in an unlimited aggregate principal amount, which will form the same series with the Notes initially issued hereunder so long as such additional Notes are fungible with such Notes initially
issued hereunder for U.S. federal income tax purposes. The Company may also from time to time purchase Notes in tender offers, open market purchases or negotiated transactions without prior notice to Noteholders. 
 ARTICLE 3 
 PARTICULAR
COVENANTS OF THE COMPANY 
 Section 3.01. Payment of Principal, Interest
and Extension Fee. The Company covenants and agrees that it will cause to be paid the principal of, accrued and unpaid interest (including any Additional Interest) on, each of the Notes and if applicable, payment of the Extension Fee, Conversion
Obligation and Additional Shares, at the places, at the respective times and in the manner provided herein and in the Notes. 
 Section 3.02. Additional Interest. If Additional Interest is payable by the Company pursuant to the Registration Rights Agreement, the Company shall deliver to the Trustee an Officer’s Certificate to that effect stating
(i) the amount of such Additional Interest that is payable and (ii) the date on which such Additional Interest is payable. Unless and until a Responsible Officer receives such a certificate, the Trustee may assume without inquiry that no
Additional Interest is payable. If the Company has paid Additional Interest directly to the persons entitled to it, the Company shall deliver to the Trustee an Officer’s Certificate setting forth the particulars of such payment. 
 Section 3.03. Maintenance of Office or Agency. The Company will maintain an office or agency where the Notes may be surrendered for
registration of transfer or exchange or for presentation for payment, redemptions or purchase (“Paying Agent”) or for conversion (“Conversion Agent”) and where notices and demands to or upon the Company in respect
of the Notes and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency not designated or appointed by the Trustee. If at any time the
Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee 

  

 28 

 
with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office or the office or agency of
the Trustee. 
 The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency for such
purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. The terms Paying Agent and Conversion Agent include any such additional
or other offices or agencies, as applicable. 
 The Company hereby initially designates the Trustee as the Paying Agent, Note Registrar,
Custodian and Conversion Agent and the Corporate Trust Office and the office or agency of the Trustee in Minneapolis, Minnesota shall be considered as one such office or agency of the Company for each of the aforesaid purposes. 
 So long as the Trustee is the Note Registrar, the Trustee agrees to mail, or cause to be mailed, the notices set forth in Section 6.10(a) and the
third paragraph of Section 6.11. 
 Section 3.04. Appointments to Fill Vacancies in Trustee’s Office. The Company,
whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee hereunder. 
 Section 3.05. Provisions as to Paying Agent.  
 (a) If the Company shall appoint a Paying Agent other than the Trustee or if the Trustee shall appoint such a Paying Agent, the Company will cause such Paying Agent to execute and deliver to the Trustee an instrument
in which such agent shall agree with the Trustee, subject to the provisions of this Section 3.05: 
 (i) that it will
hold all sums held by it as such agent for the payment of the principal of, accrued and unpaid interest (including any Additional Interest) on, and any Extension Fee with respect to the Notes (whether such sums have been paid to it by the Company or
by any other obligor on the Notes) in trust for the benefit of the holders of the Notes; 
 (ii) that it will give the Trustee
notice of any failure by the Company (or by any other obligor on the Notes) to make any payment of the principal of, accrued and unpaid interest (including any Additional 

  

 29 

 
Interest) on, or any Extension Fee with respect to the Notes when the same shall be due and payable; and 
 (iii) that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay to the Trustee
all sums so held in trust. 
 The Company shall, on or before each due date of the principal of, accrued and unpaid interest (including any
Additional Interest) on, or any Extension Fee with respect to the Notes, deposit with the Paying Agent a sum sufficient to pay such principal, accrued and unpaid interest or Extension Fee and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee in writing of any failure to take such action, provided that if such deposit is made on the due date, such deposit must be received by the Paying Agent by 11:00 a.m., New York City time, on such date.

 (b) If the Company shall act as its own Paying Agent, it will, on or before each due date of the principal of, accrued and unpaid interest
(including any Additional Interest) on, or any Extension Fee with respect to the Notes, set aside, segregate and hold in trust for the benefit of the holders of the Notes a sum sufficient to pay such principal, accrued and unpaid interest or
Extension Fee so becoming due and will notify the Trustee in writing of any failure to take such action and of any failure by the Company (or any other obligor under the Notes) to make any payment of the principal of, accrued and unpaid interest on
or any Extension Fee with respect to the Notes, when the same shall become due and payable. 
 (c) Anything in this Section 3.05 to the
contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or any Paying
Agent hereunder as required by this Section 3.05, such sums to be held by the Trustee upon the trusts herein contained and upon such payment by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released
from all further liability with respect to such sums. 
 (d) Anything in this Section 3.05 to the contrary notwithstanding, the
agreement to hold sums in trust as provided in this Section 3.05 is subject to Section 11.03 and Section 11.04. 
 Section 3.06. Existence. Subject to Article 12, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
  

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 Section 3.07. Stay, Extension and Usury Laws. The Company covenants (to the extent that it
may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Company from paying all or
any portion of the principal of, accrued and unpaid interest (including any Additional Interest) on, or any Extension Fee with respect to the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect
the covenants or the performance of this Indenture; and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 Section 3.08. Compliance Certificate; Statements as to Defaults. The Company shall deliver to the Trustee within one hundred-twenty (120) calendar days after the end of each fiscal year of the Company
(beginning with the fiscal year ending on December 30, 2007) an Officer’s Certificate stating whether or not the signer thereof has knowledge of any failure by the Company to comply with all conditions and covenants then required to be
performed under this Indenture and, if so, specifying each such failure and the nature thereof. 
 In addition, the Company shall deliver to
the Trustee, as soon as possible and in any event within thirty (30) days after the Company becomes aware of the occurrence of any Event of Default or Default, an Officer’s Certificate setting forth the details of such Event of Default or
Default, its status and the action which the Company proposes to take with respect thereto. 
 Section 3.09. Further Instruments and
Acts. Upon request of the Trustee, the Company will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture. 
 ARTICLE 4 
 LISTS
OF NOTEHOLDERS AND REPORTS BY THE COMPANY AND THE TRUSTEE 
 Section 4.01. Lists of Noteholders. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee,
semi-annually, not more than fifteen (15) days after each April 15 and October 15 in each year beginning with October 15, 2007, and at such other times as the Trustee may request in writing, within thirty (30) days after
receipt by the Company of any such request (or such lesser time as the Trustee may reasonably request in order to enable it to timely provide any notice to be provided by it hereunder), a list in such form as the Trustee may reasonably require of
the names and addresses of the Noteholders 

  

 31 

 
as of a date not more than fifteen (15) days (or such other date as the Trustee may reasonably request in order to so provide any such notices) prior to
the time such information is furnished, except that no such list need be furnished so long as the Trustee is acting as Note Registrar. 
 Section 4.02. Preservation and Disclosure of Lists.  
 (a) The Trustee shall preserve, in as current a form as is
reasonably practicable, all information as to the names and addresses of the Noteholders contained in the most recent list furnished to it as provided in Section 4.01 or maintained by the Trustee in its capacity as Note Registrar, if so acting.
The Trustee may destroy any list furnished to it as provided in Section 4.01 upon receipt of a new list so furnished. 
 (b) The rights
of Noteholders to communicate with other Noteholders with respect to their rights under this Indenture or under such Notes and the corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture Act. 
 (c) Every Noteholder, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent
of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Noteholders made pursuant to the Trust Indenture Act. 
 Section 4.03. Reports by Trustee.  
 (a) The Trustee shall transmit to Noteholders such reports
concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. Reports so required to be transmitted at stated intervals of not more than
12 months shall be transmitted no later than November 1 in each calendar year, beginning with the year 2007. Each such report shall be dated as of a date not more than sixty (60) days prior to the date of transmission. 
 (b) A copy of such report shall, at the time of such transmission to Noteholders, be filed by the Trustee with each stock exchange and automated
quotation system upon which the Notes are listed and with the Company. The Company will notify the Trustee in writing within a reasonable time when the Notes are listed on any stock exchange or automated quotation system and when any such listing is
discontinued. 
 Section 4.04. SEC Reports; Financial Statements.  
  

 32 

 (a) The Company shall file with the Trustee and the Commission, and transmit to Noteholders, such
information, documents and other reports and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports
required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be delivered to the Trustee within thirty (30 days) after the same is filed with the Commission; provided, however, that the
Company shall not be required to deliver to the Trustee any material for which the Company has sought and received confidential treatment by the Commission; provided further, each such report will be deemed to be so delivered to the Trustee
if the Company files such report with the Commission through the Commission’s EDGAR system no later than the time such report is required to be filed with the Commission pursuant to the Exchange Act. 
 (b) In the event and for so long as the Company is not subject to Section 13 or 15(d) of the Exchange Act, it shall file with the Trustee and cause
to be mailed to each holder at such holder’s registered address, upon the request of any holder or beneficial holder of the Notes or the Common Stock issued upon conversion thereof, and make available to such holder or beneficial holder of such
Notes or Common Stock in connection with any sale thereof and any prospective purchaser of Notes or Common Stock designated by such holder or beneficial holder, the information required pursuant to Rule 144A(d)(4) under the Securities Act and it
will take such further action as any holder or beneficial holder of such Notes or Common Stock may reasonably request, all to the extent required from time to time to enable such holder or beneficial holder to sell its Notes or Common Stock without
registration under the Securities Act within the limitation of the exemption provided by Rule 144A, as such Rule may be amended from time to time. 
 (c) Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable
from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to conclusively rely exclusively on an Officer’s Certificate). 
 ARTICLE 5 
 DEFAULTS
AND REMEDIES 
 Section 5.01. Events of Default. The following events shall be Events of Default
with respect to the Notes: 
  

 33 

 (a) default in any payment of interest or Additional Interest, on any Note when due and payable and the
default continues for a period of thirty (30) days; 
 (b) default in the payment of principal of any Note when due and payable on the
Maturity Date, upon required purchase, upon declaration or otherwise; 
 (c) failure by the Company to comply with its Conversion Obligations
in accordance herewith, upon exercise of a holder’s conversion right; 
 (d) failure by the Company to comply with its obligations under
Article 10; 
 (e) failure by the Company to issue a Designated Event Company Notice in accordance with Section 14.01(b) when due;

 (f) failure by the Company for sixty (60) days to comply with any of its other agreements (other than a covenant or warranty or
default in whose performance or whose breach is elsewhere in this Section specifically provided for) contained in the Notes or the Indenture after written notice of such default from the Trustee or the holders of at least twenty-five percent
(25%) in principal amount of the Notes then outstanding has been received by the Company; 
 (g) default by the Company or any
Subsidiary of the Company in the payment of the principal or interest on any mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any debt for money borrowed in excess of
$50,000,000 in the aggregate of the Company and/or any such Subsidiary, whether such debt now exists or shall hereafter be created, which default results in such debt becoming or being declared due and payable, and such acceleration shall not have
been rescinded or annulled within sixty (60) days after written notice of such acceleration has been received by the Company or such Subsidiary; 
 (h) there has been entered in a court of competent jurisdiction a final judgment or judgments for the payment of money in an aggregate amount exceeding $50,000,000 (or its equivalent in foreign currency) entered
against the Company or any Subsidiary and that shall not be waived, satisfied or discharged for any period of sixty (60) days during which a stay of enforcement shall not be in effect; 
 (i) the Company shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to the Company or
any of its Significant Subsidiaries or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a 

  

 34 

 
trustee, receiver, liquidator, custodian or other similar official of the Company or any of its Significant Subsidiaries or any substantial part of its
property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or
shall fail generally to pay its debts as they become due; or 
 (j) an involuntary case or other proceeding shall be commenced against the
Company or any of its Significant Subsidiaries seeking liquidation, reorganization or other relief with respect to the Company or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment
of a trustee, receiver, liquidator, custodian or other similar official of the Company or any of its Significant Subsidiaries or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and
unstayed for a period of ninety (90) consecutive days. 
 In case one or more Events of Default shall have occurred and be continuing
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body), then, and in each and every such case (other than an Event of Default specified in Section 5.01(i) or Section 5.01(j) with respect to the Company), unless the principal of all of the Notes shall have already become due
and payable, either the Trustee or the holders of at least twenty-five percent (25%) in aggregate principal amount of the Notes then outstanding determined in accordance with Section 7.04, by notice in writing to the Company (and to the
Trustee if given by Noteholders), may declare one hundred percent (100%) of the principal of, and accrued and unpaid interest, Additional Interest, if any, on, all the Notes to be due and payable immediately, and upon any such declaration the
same shall become and shall be immediately due and payable, anything in this Indenture or in the Notes contained to the contrary notwithstanding. If an Event of Default specified in Section 5.01(i) or Section 5.01(j) occurs and is
continuing with respect to the Company, the principal of all the Notes and accrued and unpaid interest, Additional Interest, if any, shall be immediately due and payable. This provision, however, is subject to the conditions that if, at any time
after the principal of the Notes shall have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been obtained or entered as hereinafter provided, the Company shall pay or shall deposit
with the Trustee a sum sufficient to pay installments of accrued and unpaid interest, Additional Interest, if any, upon all Notes and the principal of any and all Notes that shall have become due otherwise than by acceleration (with interest on
overdue installments of accrued and unpaid interest, Additional Interest, if any, (to the extent that payment of such interest is enforceable under applicable law) and on such principal at the rate borne by the Notes during the period of such
Default) and amounts due to the Trustee pursuant 

  

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to Section 6.06, and if (1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (2) any and all
Events of Defaults under this Indenture, other than the nonpayment of principal of and accrued and unpaid interest, Additional Interest, if any, on Notes that shall have become due solely by such acceleration, shall have been cured or waived
pursuant to Section 5.07, then and in every such case the holders of a majority in aggregate principal amount of the Notes then outstanding, by written notice to the Company and to the Trustee, may waive all defaults or Events of Default with
respect to the Notes and rescind and annul such declaration and its consequences and such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such
waiver or rescission and annulment shall extend to or shall affect any subsequent default or Event of Default, or shall impair any right consequent thereon. The Company shall notify the Responsible Officer of the Trustee in writing, promptly upon
becoming aware thereof, of any Event of Default by delivering to the Trustee a statement specifying such Event of Default and any action the Company has taken, is taking or proposes to take with respect thereto. 
 Notwithstanding the foregoing, if so elected by the Company, the sole remedy for an Event of
Default relating to the failure to comply with Section 4.04(a) hereof or Section 314(a)(1) of the Trust Indenture Act, will for the first sixty (60) days after the occurrence of such an Event of Default consist exclusively of the
right to receive a one-time additional payment (the “Extension Fee”) on the Notes in an amount equal to 0.25% of the principal amount of the Notes. The Extension Fee will be in addition to any Additional Interest that may accrue
pursuant to Section 3.08. On the sixty-first (61st) day after such Event of Default (if the Event of
Default relating to the reporting obligations is not cured or waived prior to such sixty-first (61st) day), the
Notes will be subject to acceleration as provided above. The foregoing provisions in this Section 5.01 will not affect the rights of Noteholders in the event of the occurrence of any other Event of Default. In the event the Company does not
elect to pay the Extension Fee upon an Event of Default in accordance with this paragraph, the Notes will be subject to acceleration as provided above. 
 In order to elect to pay the Extension Fee as the sole remedy during the first sixty (60) days after the occurrence of an Event of Default relating to the failure to comply with the reporting obligations in
accordance with the immediately preceding paragraph, the Company must (i) notify all Noteholders and the Trustee and Paying Agent of such election and pay such Extension Fee on or before the close of business on the date on which such Event of
Default occurs and (ii) pay such Extension Fee on or before the close of business on the date on which such Event of Default occurs. The Extension Fee shall be payable to Noteholders of record on the date of such notice. Upon the failure to
timely give such holders such notice or pay such Extension Fee, the Notes will be subject to acceleration as provided above. 
  

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 In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings
shall have been discontinued or abandoned because of such waiver or rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the Noteholders, and the Trustee
shall, subject to any determination in such proceeding, be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the Noteholders, and the Trustee shall continue as though no such
proceeding had been instituted. 
 Section 5.02. Payments of Notes on Default; Suit Therefor. In the event that the Trustee or
the holders of not less than twenty-five percent (25%) in aggregate principal amount of the Notes then outstanding hereunder have declared the principal of and accrued and unpaid interest (including any Additional Interest) on, the Notes, to be
due and payable immediately in accordance with Section 5.01, and the Company shall have failed forthwith to pay such amounts, the Trustee, in its own name and as trustee of an express trust, after being furnished suitable indemnity pursuant to
Section 6.01, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid (including such further amounts as shall be sufficient to cover the reasonable costs and
expenses of collection, including reasonable compensation to the Trustee, its agents, attorneys and counsel, and any expenses or liabilities incurred by the Trustee hereunder other than through its negligence or bad faith), and may prosecute any
such action or proceeding to judgment or final degree, and may enforce any such judgment or final decree against the Company or any other obligor on the Notes and collect in the manner provided by law out of the property of the Company or any other
obligor on the Notes wherever situated the monies adjudged or decreed to be payable. 
 In case there shall be pending proceedings for the
bankruptcy or for the reorganization of the Company or any other obligor on the Notes under Title 11 of the United States Code, or any other applicable law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator,
sequestrator or similar official shall have been appointed for or taken possession of the Company or such other obligor, the property of the Company or such other obligor, or in the case of any other judicial proceedings relative to the Company or
such other obligor upon the Notes, or to the creditors or property of the Company or such other obligor, the Trustee, irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section 5.02, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim or claims
for the whole amount of principal and accrued and unpaid interest (including any Additional Interest) in respect of the Notes, and, in case of any judicial proceedings, to file such proofs of claim and other papers or documents and to take such
other actions as it may deem necessary or advisable in order to have the claims of the Trustee 

  

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(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Noteholders
allowed in such judicial proceedings relative to the Company or any other obligor on the Notes, its or their creditors, or its or their property, and to collect and receive any monies or other property payable or deliverable on any such claims, and
to distribute the same after the deduction of any amounts due the Trustee under Section 6.06; and any receiver, assignee or trustee in bankruptcy or reorganization, liquidator, custodian or similar official is hereby authorized by each of the
Noteholders to make such payments to the Trustee, as administrative expenses, and, in the event that the Trustee shall consent to the making of such payments directly to the Noteholders, to pay to the Trustee any amount due it for reasonable
compensation, expenses, advances and disbursements, including agents and counsel fees, and including any other amounts due to the Trustee under Section 6.06 hereof, incurred by it up to the date of such distribution. To the extent that such
payment of reasonable compensation, expenses, advances and disbursements out of the estate in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all
distributions, dividends, monies, securities and other property which the holders of the Notes may be entitled to receive in such proceedings, whether in liquidation or under any plan of reorganization or arrangement or otherwise. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Noteholder any plan of
reorganization, arrangement, adjustment or composition affecting the Noteholder or the rights of any Noteholder thereof, or to authorize the Trustee to vote in respect of the claim of any Noteholder in any such proceeding. 
 All rights of action and of asserting claims under this Indenture, or under any of the Notes, may be enforced by the Trustee without the possession of
any of the Notes, or the production thereof at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment
shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the holders of the Notes. 
 In any proceedings brought by the Trustee (and in any proceedings involving the interpretation of any provision of this Indenture to which the Trustee
shall be a party) the Trustee shall be held to represent all the holders of the Notes, and it shall not be necessary to make any holders of the Notes parties to any such proceedings. 
 Section 5.03. Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 5 with respect to the
Notes shall be applied in the order following, at the date or dates fixed by the Trustee for the 

  

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distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if
fully paid: 
 First, to the payment of all amounts due the Trustee under Section 6.06; 
 Second, in case the principal of the outstanding Notes shall not have become due and be unpaid, to the payment of interest (including any Additional
Interest) on the Notes in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by
the Notes, such payments to be made ratably to the Persons entitled thereto; 
 Third, in case the principal of the outstanding Notes shall
have become due, by declaration or otherwise, and be unpaid to the payment of the whole amount (including, if applicable, payments in respect of the Conversion Obligation and Additional Shares) then owing and unpaid upon the Notes for principal and
interest (including any Additional Interest), with interest on the overdue principal (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest at the rate borne by the Notes, and in case such monies
shall be insufficient to pay in full the whole amounts so due and unpaid upon the Notes, then to the payment of such principal and interest (including any Additional Interest) without preference or priority of principal over interest, or of interest
over principal or of any installment of interest over any other installment of interest, or of any Note over any other Note, ratably to the aggregate of such principal and accrued and unpaid interest; and 
 Fourth, to the payment of the remainder, if any, to the Company or any other Person lawfully entitled thereto. 
 Section 5.04. Proceedings by Noteholders. No holder of any Note shall have any right by virtue of or by availing of any provision of this
Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture, or for the appointment of a receiver, trustee, liquidator, custodian or other similar official, or for any other remedy
hereunder, unless such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof, as hereinbefore provided, and unless also the holders of not less than twenty-five percent (25%) in
aggregate principal amount of the Notes then outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such security or
indemnity reasonably satisfactory to it against any loss, liability or expense to be incurred therein or thereby, and the Trustee for sixty (60) days after its receipt of such notice, request and offer of indemnity, shall have neglected or
refused to institute any such action, suit or proceeding and no direction that, in the opinion of the 

  

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Trustee, is inconsistent with such written request shall have been given to the Trustee by the holders of a majority in principal amount of the Notes
outstanding pursuant to Section 5.07; it being understood and intended, and being expressly covenanted by the holder of every Note with every other holder and the Trustee, that no one or more Noteholders shall have any right in any manner
whatever by virtue of or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other Noteholder, or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right
under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Noteholders (except as otherwise provided herein). For the protection and enforcement of this Section 5.04, each and every
Noteholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 
 Notwithstanding any other
provision of this Indenture and any provision of any Note, the right of any Noteholder to receive payment of the principal of and accrued and unpaid interest (including any Additional Interest) on such Note, on or after the respective due dates
expressed in such Note, or to institute suit for the enforcement of any such payment on or after such respective dates against the Company shall not be impaired or affected without the consent of such Noteholder. 
 Anything in this Indenture or the Notes to the contrary notwithstanding, the holder of any Note, without the consent of either the Trustee or the holder
of any other Note, in his own behalf and for his own benefit, may enforce, and may institute and maintain any proceeding suitable to enforce, his rights of conversion as provided herein. 
 Section 5.05. Proceedings by Trustee. In case of an Event of Default the Trustee may in its discretion proceed to protect and enforce the
rights vested in it by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the
specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

 Section 5.06. Remedies Cumulative and Continuing. Except as provided in the last paragraph of Section 2.09, all powers
and remedies given by this Article 5 to the Trustee or to the Noteholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the holders of the
Notes, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any holder of any of the Notes to exercise any right or
power accruing upon any default or Event of Default shall impair any such right or 

  

 40 

 
power, or shall be construed to be a waiver of any such default or any acquiescence therein; and, subject to the provisions of Section 5.04, every power
and remedy given by this Article 5 or by law to the Trustee or to the Noteholders may be exercised from time to time, and as often as shall be deemed expedient by the Trustee or by the Noteholders. 
 Section 5.07. Direction of Proceedings and Waiver of Defaults by Majority of Noteholders. The holders of a majority in aggregate principal
amount of the Notes at the time outstanding determined in accordance with Section 7.04 shall have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or
power conferred on the Trustee with respect to Notes; provided, however, that (a) such direction shall not be in conflict with any rule of law or with this Indenture, and (b) the Trustee may take any other action deemed
proper by the Trustee that is not inconsistent with such direction. The Trustee may refuse to follow any direction that it determines is unduly prejudicial to the rights of any other holder or that would involve the Trustee in personal liability.
The holders of a majority in aggregate principal amount of the Notes at the time outstanding determined in accordance with Section 7.04 may, on behalf of the holders of all of the Notes waive any past default or Event of Default hereunder and
its consequences except (i) a default in the payment of and accrued and unpaid interest on, or the principal of, the Notes when due which has not been cured pursuant to the provisions of Section 5.01, (ii) a failure by the Company to
deliver cash and, if applicable, shares of Common Stock (and cash in lieu of fractional shares) upon conversion of the Notes, or (iii) a default in respect of a covenant or provisions hereof which under Article 9 cannot be modified or amended
without the consent of each holder of an outstanding Note affected thereby. Upon any such waiver the Company, the Trustee and the holders of the Notes shall be restored to their former positions and rights hereunder, but no such waiver shall extend
to any subsequent or other default or Event of Default or impair any right consequent thereon. Whenever any default or Event of Default hereunder shall have been waived as permitted by this Section 5.07, said default or Event of Default shall
for all purposes of the Notes and this Indenture be deemed to have been cured and to be not continuing; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 
 Section 5.08. Notice of Defaults. The Trustee shall, within ninety (90) days after the occurrence and continuance of a Default of which
a Responsible Officer has actual knowledge, mail to all Noteholders as the names and addresses of such holders appear upon the Note register, notice of all Defaults known to a Responsible Officer, unless such Defaults shall have been cured or waived
before the giving of such notice; and provided that, except in the case of a Default in the payment of the principal of and accrued and unpaid interest on any of the Notes, then in any such event the Trustee shall be protected in withholding
such notice if 

  

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and so long as a committee of trust officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the
Noteholders. 
 Section 5.09. Undertaking to Pay Costs. All parties to this Indenture agree, and each holder of any Note by his
acceptance thereof shall be deemed to have agreed, that any court may, in its discretion, require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it
as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions of this Section 5.09 (to the extent permitted by law) shall not apply to any suit instituted by
the Trustee, to any suit instituted by any Noteholder, or group of Noteholders, holding in the aggregate more than ten percent (10%) in principal amount of the Notes at the time outstanding determined in accordance with Section 7.04, or to
any suit instituted by any Noteholder for the enforcement of the payment of the principal of and accrued and unpaid interest on any Note on or after the due date expressed in such Note or to any suit for the enforcement of the right to convert any
Note in accordance with the provisions of Article 13. 
 ARTICLE 6 
 CONCERNING THE TRUSTEE 
 Section 6.01. Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default which may have occurred, undertakes to perform such duties
and only such duties as are specifically set forth in this Indenture. In case an Event of Default has occurred (which has not been cured or waived) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the
same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee
will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the holders unless such holders have offered to the Trustee reasonable indemnity or security against loss, liability or
expense. 
 No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its
own grossly negligent failure to act or its own willful misconduct, except that 
 (a) prior to the occurrence of an Event of Default and
after the curing or waiving of all Events of Default which may have occurred: 
  

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 (i) the duties and obligations of the Trustee shall be determined solely by the express
provisions of this Indenture and, after it has been qualified thereunder, the Trust Indenture Act, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture and no
implied covenants or obligations shall be read into this Indenture and the Trust Indenture Act against the Trustee; and 
 (ii) in the absence of bad faith and willful misconduct on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or
opinions furnished to the Trustee and conforming to the requirements of this Indenture; but, in the case of any such certificates or opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall
be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture; 
 (b) the Trustee shall
not be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee, unless it shall be established by a court of competent jurisdiction that the Trustee was grossly negligent in ascertaining the pertinent
facts; 
 (c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith and either
(i) believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture or (ii) in accordance with the direction of the holders of not less than a majority in principal amount of the Notes at
the time outstanding determined as provided in Section 7.04 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this
Indenture; 
 (d) whether or not therein provided, every provision of this Indenture relating to the conduct or affecting the liability of,
or affording protection to, the Trustee shall be subject to the provisions of this Section; 
 (e) the Trustee shall not be liable in respect
of any payment (as to the correctness of amount, entitlement to receive or any other matters relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co-registrar with respect to the Notes;

 (f) if any party fails to deliver a notice relating to an event the fact of which, pursuant to this Indenture, requires notice to be sent
to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act 

  

 43 

 
as if no such event occurred, unless such Responsible Officer of the Trustee had actual knowledge of such event; 
 (g) in the absence of written investment direction from the Company, all cash received by the Trustee shall be placed in a non-interest bearing trust
account. In no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon or for losses incurred as a result of the liquidation of any such investments prior to its stated maturity or the failure of
the party directing such investments prior to its stated maturity or the failure of the party directing such investment to provide timely written investment direction, and the Trustee shall have no obligation to invest or reinvest any amounts held
hereunder in the absence of such written investment direction from the Company; and 
 (h) in the event that the Trustee is also acting as
Custodian, Note Registrar, Paying Agent, Conversion Agent or transfer agent hereunder, the rights and protections afforded to the Trustee pursuant to this Article 6 shall also be afforded to it in its capacity as such. 
 None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers. 
 Section 6.02. Reliance on
Documents, Opinions, Etc. Except as otherwise provided in Section 6.01: 
 (a) the Trustee may conclusively rely and shall be fully
protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, note, coupon or other paper or document believed by it in good faith to be genuine and to have been signed or
presented by the proper party or parties; 
 (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officer’s Certificate (unless other evidence in respect thereof be herein specifically prescribed), and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the
Secretary or an Assistant Secretary of the Company; 
 (c) the Trustee may consult with counsel and require an Opinion of Counsel and any
advice of such counsel or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 
  

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 (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this
Indenture at the request, order or direction of any of the Noteholders pursuant to the provisions of this Indenture, unless such Noteholders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and
liabilities which may be incurred therein or thereby; 
 (e) the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or
attorney; provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require indemnity satisfactory to the Trustee from the Noteholders against such expenses or liability as a condition to so proceeding;
the reasonable expenses of every such examination shall be paid by the Company or, if paid by the Trustee or any predecessor Trustee, shall be repaid by the Company upon demand; 
 (f) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, custodians,
nominees or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent, custodian, nominee or attorney appointed by it with due care hereunder; 
 (g) the permissive rights of the Trustee enumerated herein shall not be construed as duties; 
 (h) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such Certificates or Opinions which by any provisions hereof are
specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein); and 
 (i) the Trustee may request that the Company deliver an Officer’s
Certificate setting forth the names of individuals and/or titles of officers 

  

 45 

 
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
Officer’s Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 
 In no event shall the Trustee be liable for any consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of
the form of action other than through the Trustee’s willful misconduct or gross negligence. The Trustee shall not be charged with knowledge of any default or Event of Default with respect to the Notes, unless either (1) a Responsible
Officer shall have actual knowledge of such default or Event of Default or (2) written notice of such default or Event of Default shall have been given to the Trustee by the Company or by any holder of the Notes at the Corporate Trust Office of
the Trustee, and such notice references the Notes and this Indenture; and the permissive rights of the Trustee enumerated herein shall not be construed as duties. 
 Section 6.03. No Responsibility for Recitals, Etc. The recitals contained herein and in the Notes (except in the Trustee’s certificate of authentication) shall be taken as the statements of the
Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes. The Trustee shall not be accountable for the use or
application by the Company of any Notes or the proceeds of any Notes authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. The Trustee shall not be responsible or liable for any loss suffered in connection
with any investment of funds made by it in accordance with this Indenture or at the direction of the Company. Except for information provided by the Trustee concerning the Trustee, the Trustee shall have no responsibility for any information in any
offering memorandum, prospectus or other disclosure material distributed with respect to the Notes. 
 Section 6.04. Trustee, Paying
Agents, Conversion Agents or Note Registrar May Own Notes. The Trustee, any Paying Agent, any Conversion Agent or Note Registrar, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would
have if it were not Trustee, Paying Agent, Conversion Agent or Note Registrar. 
 Section 6.05. Monies to be Held in Trust.
Subject to the provisions of Section 11.04, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder
need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability 

  

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for interest on any money received by it hereunder except as may be agreed from time to time by the Company and the Trustee. 
 Section 6.06. Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee
shall be entitled to, reasonable compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to in
writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with any of the
provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its
gross negligence, willful misconduct or bad faith. The Company also covenants to indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered into in connection herewith and its agents and any
authenticating agent for, and to hold them harmless against, any loss, liability or expense incurred without gross negligence, willful misconduct or bad faith on the part of the Trustee, its officers, directors, agents or employees, or such agent or
authenticating agent, as the case may be, and arising out of or in connection with the acceptance or administration of this trust or in any other capacity hereunder, including the costs and expenses of defending themselves against any claim of
liability in the premises. The obligations of the Company under this Section 6.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a lien prior to that of
the Notes upon all property and funds held or collected by the Trustee as such, except, subject to the effect of Section 5.03, funds held in trust herewith for the benefit of the holders of particular Notes prior to the date of the accrual of
such unpaid compensation or identifiable claim. The Trustee’s right to receive payment of any amounts due under this Section 6.06 shall not be subordinate to any other liability or Indebtedness of the Company. The obligation of the Company
under this Section 6.06 shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal or the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. The indemnification provided in this Section 6.06 shall extend to the officers, directors, agents and employees of the Trustee. 
 When the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in Section 5.01(i) or Section 5.01(j) occurs, the expenses and the
compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws. 
  

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 Section 6.07. Officer’s Certificate as Evidence. Except as otherwise provided in
Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other
evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence, willful misconduct, recklessness and bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
Officer’s Certificate delivered to the Trustee, and such Officer’s Certificate, in the absence of gross negligence, willful misconduct, recklessness and bad faith on the part of the Trustee, shall be full warrant to the Trustee for any
action taken or omitted by it under the provisions of this Indenture upon the faith thereof. 
 Section 6.08. Conflicting Interests
of Trustee. If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the
provisions of, the Trust Indenture Act and this Indenture. 
 Section 6.09. Eligibility of Trustee. There shall at all times be a
Trustee hereunder which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $50,000,000. If such Person publishes reports of condition at least annually, pursuant
to law or to the requirements of any supervising or examining authority, then for the purposes of this Section 6.09, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

 Section 6.10. Resignation or Removal of Trustee.  
 (a) The Trustee may at any time resign by giving written notice of such resignation to the Company and by mailing notice thereof to the Noteholders at
their addresses as they shall appear on the Note register. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy
of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment sixty (60) days after the mailing of such notice of
resignation to the Noteholders, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Noteholder who has been a bona fide holder of a Note or Notes for at least six months may,
subject to the provisions of Section 5.09, on behalf of himself and all others similarly situated, petition any such court for the appointment of a 

  

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successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In case at any time any of the following shall occur: 
 (i) the Trustee shall fail to comply with Section 6.08 within a reasonable time after written request therefor by the Company or by any Noteholder who has been a bona fide holder of a Note or Notes for at least
six (6) months; or 
 (ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 6.09
and shall fail to resign after written request therefor by the Company or by any such Noteholder; or 
 (iii) the Trustee
shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for
the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, the Company may by a Board Resolution remove the Trustee and appoint a
successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of
Section 5.09, any Noteholder who has been a bona fide holder of a Note or Notes for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The holders of a majority in aggregate principal amount of the Notes at the time outstanding, as determined in accordance with Section 7.04, may
at any time remove the Trustee and nominate a successor trustee which shall be deemed appointed as successor trustee unless within ten (10) days after notice to the Company of such nomination the Company objects thereto, in which case the
Trustee so removed or any Noteholder, upon the terms and conditions and otherwise as in Section 6.10(a) provided, may petition any court of competent jurisdiction for an appointment of a successor trustee. 
 (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section 6.10 shall
become effective upon acceptance of appointment by the successor trustee as provided in Section 6.11. 
  

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 Section 6.11. Acceptance by Successor Trustee. Any successor trustee appointed as provided in
Section 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and
such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless,
on the written request of the Company or of the successor trustee, the trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 6.06, execute and deliver an instrument transferring to such
successor trustee all the rights and powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such
successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property and funds held or collected by such trustee as such, except for funds held in trust for the benefit of holders of
particular Notes, to secure any amounts then due it pursuant to the provisions of Section 6.06. 
 No successor trustee shall accept
appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and be eligible under the provisions of Section 6.09. 
 Upon acceptance of appointment by a successor trustee as provided in this Section 6.11, each of the Company and the successor trustee, at the
written direction and at the expense of the Company shall mail or cause to be mailed notice of the succession of such trustee hereunder to the Noteholders at their addresses as they shall appear on the Note register. If the Company fails to mail
such notice within ten (10) days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company. 
 Section 6.12. Succession by Merger, Etc. Any corporation or other entity into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or other entity succeeding to all or substantially all of the corporate trust business of the
Trustee (including the administration of this Indenture), shall be the successor to the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that in the case of
any corporation succeeding to all or substantially all of the corporate trust business of the Trustee such corporation shall be qualified under the provisions of Section 6.08 and eligible under the provisions of Section 6.09. 

 

 50 

 In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture,
any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee or authenticating agent appointed by such predecessor trustee, and deliver
such Notes so authenticated, and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee or an authenticating agent appointed by such successor trustee may authenticate such Notes either in the name of
any predecessor trustee hereunder or in the name of the successor trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall
have; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger,
conversion or consolidation. 
 Section 6.13. Limitation on Rights of Trustee as Creditor. If and when the Trustee shall be or
become a creditor of the Company (or any other obligor upon the Notes), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of the claims against the Company (or any such other obligor). 
 Section 6.14. Trustee’s Application for Instructions from the Company. Any application by the Trustee for written instructions from the
Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any action
proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of, the
Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three (3) Business Days after the date any officer of the Company actually receives such
application, unless any such officer shall have consented in writing to any earlier date), unless, prior to taking any such action (or the effective date in the case of any omission), the Trustee shall have received written instructions in response
to such proposal specifying the action to be taken or omitted. 
 ARTICLE 7 
 CONCERNING THE NOTEHOLDERS 
 Section 7.01. Action by Noteholders. Notwithstanding anything to the contrary contained in this Indenture, all Notes issued under this Indenture shall vote and consent on all matters as one class; provided,
however, that (i) for purposes of determining which Notes are outstanding for consent or voting 

  

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purposes hereunder, the provisions of Section 7.04 shall apply and (ii) in determining whether the Trustee shall be protected in making a
determination whether the holders of the requisite principal amount of outstanding Notes are present at a meeting of holders of Notes for quorum purposes or have consented to or voted in favor of any request, demand, authorization, direction,
notice, consent, waiver, amendment or modification hereunder, or relying upon any such quorum, consent or vote, only Notes which a Responsible Officer actually knows to be held by the Company or an Affiliate of the Company shall not be considered
outstanding. Whenever in this Indenture it is provided that the holders of a specified percentage in aggregate principal amount of the Notes may take any action (including the making of any demand or request, the giving of any notice, consent or
waiver or the taking of any other action), the fact that at the time of taking any such action, the holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor
executed by Noteholders in person or by agent or proxy appointed in writing, or (b) by the record of the Noteholders voting in favor thereof at any meeting of Noteholders duly called and held in accordance with the provisions of Article 8, or
(c) by a combination of such instrument or instruments and any such record of such a meeting of Noteholders and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered
to the Trustee and, where it is hereby expressly required, to the Company. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the
Trustee and the Company, if made in the manner provided in this Section 7.01. Whenever the Company or the Trustee solicits the taking of any action by the holders of the Notes, the Company or the Trustee may fix, but shall not be required to,
in advance of such solicitation, a date as the record date for determining Noteholders entitled to take such action. The record date if one is selected shall be not more than fifteen (15) days prior to the date of commencement of solicitation
of such action. Any request, demand, authorization, direction, notice consent, waiver or other action by a holder of any Note shall bind every future holder of the same Note, and the holder of every Note issued upon the registration of transfer
thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted, or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note. 
 Section 7.02. Proof of Execution by Noteholders. Subject to the provisions of Section 6.01, Section 6.02 and Section 8.05,
proof of the execution of any instrument by a Noteholder or his agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the
Trustee. The holding of Notes shall be proved by the Note register or by a certificate of the Note 

  

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Registrar. The record of any Noteholders’ meeting shall be proved in the manner provided in Section 8.06. 
 Section 7.03. Who are Deemed Absolute Owners. The Company, the Trustee, any authenticating agent, any Paying Agent, any Conversion Agent and
any Note Registrar may deem the person in whose name such Note shall be registered upon the Note register to be, and may treat him as, the absolute owner of such Note (whether or not such Note shall be overdue and notwithstanding any notation of
ownership or other writing thereon made by any Person other than the Company or any Note Registrar) for the purpose of receiving payment of or on account of the principal of and accrued and unpaid interest on such Note, for conversion of such Note
and for all other purposes, and neither the Company nor the Trustee nor any Paying Agent nor any Conversion Agent nor any Note Registrar shall be affected by any notice to the contrary. All such payments so made to any holder for the time being, or
upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for monies payable upon any such Note. Notwithstanding anything to the contrary in this Indenture or the Notes following
an Event of Default, any holder of a beneficial interest in a Global Note may directly enforce against the Company, without the consent, solicitation, proxy, authorization or any other action of the Depositary or any other person, such holder’s
right to exchange such beneficial interest for a Note in certificated form in accordance with the provisions of this Indenture. 
 Section 7.04. Company-Owned Notes Disregarded. In determining whether the holders of the requisite aggregate principal amount of Notes have concurred in any direction, consent, waiver or other action under this Indenture, Notes
that are owned by the Company or any other obligor on the Notes or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor on such Notes shall be disregarded
and deemed not to be outstanding for the purpose of any such determination; provided that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, consent, waiver or other action only Notes that
a Responsible Officer knows are so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as outstanding for the purposes of this Section 7.04 if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right to vote such Notes and that the pledgee is not the Company, any other obligor on the Notes or a person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company
or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee
promptly an Officer’s Certificate listing and identifying all Notes, if any, known by the Company to be owned or held by or for the account of any of the above described persons; and, subject to Section 6.01, the Trustee shall be 

  

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entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Notes not listed therein
are outstanding for the purpose of any such determination. 
 Section 7.05. Revocation of Consents; Future Holders Bound. At any
time prior to (but not after) the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the holders of the percentage in aggregate principal amount of the Notes specified in this Indenture in connection with
such action, any holder of a Note that is shown by the evidence to be included in the Notes the holders of which have consented to such action may, by filing written notice with the Trustee at its Corporate Trust Office and upon proof of holding as
provided in Section 7.02, revoke such action so far as concerns such Note. Except as aforesaid, any such action taken by the holder of any Note shall be conclusive and binding upon such holder and upon all future holders and owners of such Note
and of any Notes issued in exchange or substitution therefor, irrespective of whether any notation in regard thereto is made upon such Note or any Note issued in exchange or substitution therefor. 
 ARTICLE 8 
 NOTEHOLDERS’
MEETINGS 
 Section 8.01. Purpose of Meetings. A meeting of Noteholders may be called at any time and from time to
time pursuant to the provisions of this Article 8 for any of the following purposes: 
 (a) to give any notice to the Company or to the
Trustee or to give any directions to the Trustee permitted under this Indenture, or to consent to the waiving of any Default or Event of Default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders
pursuant to any of the provisions of Article 5; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of
Article 6; 
 (c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of
Section 9.02; or 
 (d) to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate
principal amount of the Notes under any other provision of this Indenture or under applicable law. 
 Section 8.02. Call of Meetings
by Trustee. The Trustee may at any time call a meeting of Noteholders to take any action specified in Section 8.01, to be held at such time and at such place as the Trustee shall determine. Notice of 

  

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every meeting of the Noteholders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting
and the establishment of any record date pursuant to Section 7.01, shall be mailed to holders of such Notes at their addresses as they shall appear on the Note register. Such notice shall also be mailed to the Company. Such notices shall be
mailed not less than twenty (20) nor more than ninety (90) days prior to the date fixed for the meeting. 
 Any meeting of
Noteholders shall be valid without notice if the holders of all Notes then outstanding are present in person or by proxy or if notice is waived before or after the meeting by the holders of all Notes outstanding, and if the Company and the Trustee
are either present by duly authorized representatives or have, before or after the meeting, waived notice. 
 Section 8.03. Call of
Meetings by Company or Noteholders. In case at any time the Company, pursuant to a resolution of its Board of Directors, or the holders of at least ten percent (10%) in aggregate principal amount of the Notes then outstanding, shall have
requested the Trustee to call a meeting of Noteholders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within twenty
(20) days after receipt of such request, then the Company or such Noteholders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 8.01, by mailing notice thereof as
provided in Section 8.02. 
 Section 8.04. Qualifications for Voting. To be entitled to vote at any meeting of Noteholders a
person shall (a) be a holder of one or more Notes on the record date pertaining to such meeting or (b) be a person appointed by an instrument in writing as proxy by a holder of one or more Notes. The only persons who shall be entitled to
be present or to speak at any meeting of Noteholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

Section 8.05. Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it
may deem advisable for any meeting of Noteholders, in regard to proof of the holding of Notes and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 
 The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Noteholders as provided in Section 8.03, in which case the 

  

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Company or the Noteholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by vote of the holders of a majority in principal amount of the Notes represented at the meeting and entitled to vote at the meeting. 
 Subject to the provisions of Section 7.04, at any meeting of Noteholders each Noteholder or proxyholder shall be entitled to one vote for each
$1,000 principal amount of Notes held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not outstanding and ruled by the chairman of the meeting to be
not outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Notes held by him or instruments in writing as aforesaid duly designating him as the proxy to vote on behalf of other Noteholders. Any meeting of
Noteholders duly called pursuant to the provisions of Section 8.02 or Section 8.03 may be adjourned from time to time by the holders of a majority of the aggregate principal amount of Notes represented at the meeting, whether or not
constituting a quorum, and the meeting may be held as so adjourned without further notice. 
 Section 8.06. Voting. The vote upon
any resolution submitted to any meeting of Noteholders shall be by written ballot on which shall be subscribed the signatures of the Noteholders or of their representatives by proxy and the principal amount of the Notes held or represented by them.
The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Noteholders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors
of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was mailed as provided in Section 8.02. The record
shall show the principal amount of the Notes voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered
to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 
 Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
 Section 8.07. No Delay of
Rights by Meeting. Nothing contained in this Article 8 shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Noteholders or any rights expressly or impliedly conferred hereunder to make such call, any
hindrance or delay in the exercise of any right or 

  

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rights conferred upon or reserved to the Trustee or to the Noteholders under any of the provisions of this Indenture or of the Notes. 
 ARTICLE 9 
 SUPPLEMENTAL
INDENTURES 
 Section 9.01. Supplemental Indentures without Consent of Noteholders. The Company, when authorized
by a Board Resolution, and the Trustee, at the Company’s expense, may from time to time and at any time enter into an indenture or indentures supplemental hereto for one or more of the following purposes: 
 (a) to cure any ambiguity, omission, defect or inconsistency or conform this Indenture to the description of notes contained in the Offering Memorandum;

 (b) to provide for the assumption by a Successor Company of the obligations of the Company under the Indenture pursuant to Article 10;

 (c) to provide for uncertificated Notes in addition to or in place of certificated Notes (provided that the uncertificated Notes
are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated Notes are described in Section 163(f)(2)(B) of the Code); 
 (d) to add guarantees with respect to the Notes; 
 (e) to secure the Notes; 
 (f) to add to the covenants of the Company for the benefit of the holders or surrender any right or
power conferred upon the Company; 
 (g) to make any change that does not materially adversely affect the rights of any holder; or

 (h) to comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust Indenture Act.

 Upon the written request of the Company, accompanied by a Board Resolution authorizing the execution of such supplemental indenture, the
Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer and
assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental indenture 

  

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which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this Section 9.01 may be executed by the Company and the Trustee without the consent of
the holders of any of the Notes at the time outstanding. 
 Section 9.02. Supplemental Indentures with Consent of Noteholders.
With the consent (evidenced as provided in Article 7) of the holders of at least a majority in aggregate principal amount of the Notes at the time outstanding (determined in accordance with Article 7 and including, without limitation, consents
obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), the Company, when authorized by the resolutions of the Board of Directors, and the Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture or of modifying in any manner the rights of the holders of the
Notes; provided, however, that no such supplemental indenture shall: 
 (a) reduce the percentage in aggregate principal amount
of Notes the holders of which must consent to an amendment; 
 (b) reduce the rate or extend the stated time for payment of interest
(including Additional Interest) on, or any Extension Fee with respect to any Note; 
 (c) reduce the principal, or extend the Maturity Date,
of any Note; 
 (d) make any change that adversely affects the conversion rights of any Notes; 
 (e) reduce the Designated Event Purchase Price of any Note or amend or modify in any manner adverse to the holders of the Notes the Company’s
obligation to make such payments, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise; 
 (f)
change the place or currency of payment of principal or interest in respect of any Note; 
 (g) impair the right of any holder to receive
payment of principal of, and interest (including Additional Interest), on, such holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such holder’s Note; or

 (h) make any change in the provisions of this Article 9 that require each holder’s consent or in the waiver provisions in
Section 5.01 and Section 5.07, 

  

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in each case without the consent of each holder of an outstanding Note affected. 
 Upon the written request of the Company, accompanied by a copy of the Board Resolutions authorizing the execution of any such supplemental indenture, and
upon the filing with the Trustee of evidence of the consent of Noteholders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own
rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 
 It shall not be necessary for the consent of the Noteholders under this Section 9.02 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the substance thereof. After an amendment under the Indenture becomes effective, the Company shall mail to the holders a notice briefly describing such amendment. However, the
failure to give such notice to all the holders, or any defect in the notice, will not impair or affect the validity of the amendment. 
 Section 9.03. Effect of Supplemental Indentures. Any supplemental indenture executed pursuant to the provisions of this Article 9 shall comply with the Trust Indenture Act, as then in effect, provided that this Section 9.03
shall not require such supplemental indenture or the Trustee to be qualified under the Trust Indenture Act prior to the time such qualification is in fact required under the terms of the Trust Indenture Act, nor shall it constitute any admission or
acknowledgment by any party to such supplemental indenture that any such qualification is required prior to the time such qualification is in fact required under the terms of the Trust Indenture Act. Upon the execution of any supplemental indenture
pursuant to the provisions of this Article 9, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitation of rights, obligations, duties and immunities under this Indenture of the
Trustee, the Company and the Noteholders shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments and all the terms and conditions of any such supplemental indenture shall be and
be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 Section 9.04. Notation on Notes.
Notes authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article 9 may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If
the Company or the Trustee shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may, at the
Company’s expense, be prepared and executed by the Company, authenticated by the Trustee (or an authenticating 

  

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agent duly appointed by the Trustee pursuant to Section 15.10) and delivered in exchange for the Notes then outstanding, upon surrender of such Notes
then outstanding. 
 Section 9.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. In addition to the
documents required by Section 15.05, the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this
Article 9. 
 ARTICLE 10 
 CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE 
 Section 10.01. Company May Consolidate, etc. on Certain Terms. Subject to the provisions of Section 10.02, the Company shall not consolidate with, merge with or into, or convey, transfer or lease all
or substantially all of its assets and properties to another Person, unless: 
 (a) the resulting, surviving or transferee Person (the
“Successor Company”) if not the Company shall be a Person organized and existing under the laws of the United States of America, any state thereof or the District of Columbia and the Successor Company (if not the Company) shall
expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the obligations of the Company under the Notes, this Indenture and, to the extent that it is otherwise still operative,
shall expressly assume all the obligations of the Company under the Registration Rights Agreement; and 
 (b) immediately after giving effect
to such transaction, no Default or Event of Default shall have occurred and be continuing. 
 For purposes of this Section 10.01, the
sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such
Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company. 
 Section 10.02. Successor Corporation to be Substituted. In case of any such consolidation, merger, conveyance, transfer or lease and upon the
assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest on all of the 

  

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Notes, the due and punctual conversion of the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be
performed by the Company, such Successor Company shall succeed to and be substituted for the Company and the Company shall be released from those obligations, with the same effect as if it had been named herein as the party of the first part. Such
Successor Company thereupon may cause to be signed, and may issue either in its own name or in the name of the Company any or all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the
Trustee; and, upon the order of such Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be authenticated and
delivered, any Notes which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Notes which such Successor Company thereafter shall cause to be signed and delivered to the Trustee
for that purpose. All the Notes so issued shall in all respects have the same legal rank and benefit under this Indenture as the Notes theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Notes had
been issued at the date of the execution hereof. In the event of any such consolidation, merger, conveyance, transfer or lease, the person named as the “Company” in the first paragraph of this Indenture or any successor which shall
thereafter have become such in the manner prescribed in this Article 10 may be dissolved, wound up and liquidated at any time thereafter and such person shall be released from its liabilities as obligor and maker of the Notes and from its
obligations under this Indenture. 
 In case of any such consolidation, merger, conveyance, transfer or lease, such changes in phraseology
and form (but not in substance) may be made in the Notes thereafter to be issued as may be appropriate. 
 Section 10.03.
Officer’s Certificate and Opinion of Counsel to be Given Trustee. No merger, consolidation, sale transfer or lease shall be effective unless the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel as conclusive
evidence that any such consolidation, merger, conveyance, transfer or lease and any such assumption complies with the provisions of this Article 10. 
 ARTICLE 11 
 SATISFACTION AND DISCHARGE OF INDENTURE

 Section 11.01. Discharge of Indenture. When (a) the Company shall deliver to the Note Registrar for cancellation all
Notes theretofore authenticated (other than any Notes that have been destroyed, lost or stolen and in lieu of or in substitution for which other Notes shall have been authenticated and delivered) and not theretofore canceled, or (b) all the
Notes not theretofore canceled or delivered to the Note Registrar for cancellation shall have become due and 

  

 61 

 
payable, whether on the Maturity Date or on any earlier Designated Event Purchase Date or otherwise, and the Company shall deposit with the Trustee, in
trust, cash or shares of Common Stock, as applicable, sufficient to pay at maturity all of the Notes (other than any Notes that shall have been mutilated, destroyed, lost or stolen and in lieu of or in substitution for which other Notes shall have
been authenticated and delivered) not theretofore canceled or delivered to the Trustee for cancellation, including principal and accrued and unpaid interest (including any Additional Interest) due thereon, and if the Company shall also pay or cause
to be paid all other sums payable hereunder by the Company, then this Indenture shall cease to be of further effect except as to (i) the right of holders to receive payments of principal of and accrued and unpaid interest (including any
Additional Interest), and any unpaid Conversion Obligation and Additional Shares, if any, on, the Notes and the other rights, duties and obligations of Noteholders, as beneficiaries hereof with respect to the amounts, if any, so deposited with the
Trustee, (ii) the rights, obligations and immunities of the Trustee hereunder and (iii) the obligations of the Company under Section 6.06, and the Trustee, on written demand of the Company accompanied by an Officer’s Certificate
and an Opinion of Counsel as required by Section 15.05 and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture; the Company, however, hereby agrees to reimburse
the Trustee for any costs or expenses thereafter reasonably and properly incurred by the Trustee and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture or the
Notes. 
 Section 11.02. Deposited Monies to be Held in Trust by Trustee. Subject to Section 11.04, all monies deposited
with the Trustee pursuant to Section 11.01 shall be held in trust and applied by it to the payment, either directly or through any Paying Agent (including the Company if acting as its own Paying Agent), to the holders of the particular Notes
for the payment of which such monies have been deposited with the Trustee, of all sums due thereon for principal and accrued and unpaid interest. 
 Section 11.03. Paying Agent to Repay Monies Held. Upon the satisfaction and discharge of this Indenture, all monies then held by any Paying Agent of the Notes (other than the Trustee) shall, upon written request of the Company,
be repaid to it or paid to the Trustee, and thereupon such Paying Agent shall be released from all further liability with respect to such monies. 
 Section 11.04. Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of or accrued and unpaid interest on, Notes and not applied
but remaining unclaimed by the Noteholders for two years after the date upon which the principal of or accrued and unpaid interest on such Notes, as the case may be, shall have become due and payable, shall be repaid to the Company by the 

  

 62 

 
Trustee on written request and all liability of the Trustee shall thereupon cease with respect to such monies; and the holder of any of the Notes shall
thereafter look only to the Company for any payment which such holder may be entitled to collect unless an applicable abandoned property law designates another person. The Trustee shall, promptly after such payment of the principal of, and any
accrued and unpaid interest, on Notes, as described in this Section 11.04 and upon written request of the Company, return to the Company any funds in excess of the amount required for such payment. 
 Section 11.05. Reinstatement. If (i) the Trustee or the Paying Agent is unable to apply any money in accordance with Section 11.02
by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application and (ii) the holders of at least a majority in principal amount of the then outstanding Notes so request
by written notice to the Trustee, the Company’s obligations under this Indenture shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 11.02; provided, however, that if the Company makes any payment of interest (including any Additional Interest) on or principal of any Note following the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Noteholders to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE 12 
 IMMUNITY OF INCORPORATORS,
STOCKHOLDERS, OFFICERS AND DIRECTORS 
 Section 12.01. Indenture and
Notes Solely Corporate Obligations. No recourse for the payment of the principal of, or accrued and unpaid interest on, any Note, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in this Indenture or in any supplemental indenture or in any Note, or because of the creation of any Indebtedness represented thereby, shall be had against any past, present or future incorporator, stockholder,
employee, agent, officer or director or Subsidiary of the Company as such or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the
Notes. 
  

 63 

 ARTICLE 13 
 CONVERSION OF NOTES 
 Section 13.01. Conversion
Privilege.  
 (a) Subject to the provisions of this Article 13, and upon the occurrence of any of the conditions described in clauses
(i), (ii) and (iii) below, a Noteholder shall have the right, at such holder’s option, to convert all or any portion (if the portion to be converted is $1,000 principal amount or an integral multiple thereof) of such Note at any time
prior to the close of business on the Scheduled Trading Day immediately preceding February 1, 2015, at a rate (the “Conversion Rate”) of 35.6125 shares of Common Stock (subject to adjustment by the Company as provided in
Section 13.04) per $1,000 principal amount Note (the “Conversion Obligation”). On and after February 1, 2015, regardless of the conditions described in clauses (i), (ii) and (iii) below, and subject to the
provisions of this Article 13, a Noteholder shall have the right, at such holder’s option, to convert all or any portion (if the portion to be converted is $1,000 principal amount or an integral multiple thereof) of such Note at any time prior
to the close of business on the Scheduled Trading Day immediately preceding the Maturity Date of such Note. 
 (i) Prior to
February 1, 2015, the Notes shall be convertible during the five Business Day period immediately after any five consecutive Trading Day period (the “Measurement Period”) in which the Trading Price per $1,000 principal amount of
Notes for each day of such Measurement Period was less than ninety-eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock on such date and the applicable Conversion Rate on such date. The Trustee shall have no
obligation to determine the Trading Price of Notes unless requested by the Company to do so in writing, and the Company shall have no obligation to make such request unless a Noteholder provides the Company with reasonable evidence that the Trading
Price of the Notes would be less than ninety-eight percent (98%) of the product of (a) the then-applicable Conversion Rate of the Notes and (b) the Last Reported Sale Price at such time, at which time the Company shall instruct the
Trustee 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 Note is greater than or equal to ninety-eight percent (98%) of the product of (a) the
then-applicable Conversion Rate of the Notes and (b) the Last Reported Sale Price on such date. If the Trading Price condition set forth above has been met, the Company shall so notify the Noteholders. If, at any time after the Trading Price
condition set forth above has been met, the Trading Price per $1,000 principal amount of Notes is greater than ninety-eight percent (98%) of the product of (a) the then-applicable 

  

 64 

 
Conversion Rate of the Notes and (b) the Last Reported Sale Price on such date, the Company shall so notify the Noteholders. 
 (ii) Prior to February 1, 2015, the Notes shall be convertible during any calendar quarter after the calendar quarter ending
June 30, 2007, if the Last Reported Sale Price of the Common Stock for twenty (20) or more Trading Days in a period of thirty (30) consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter
exceeds one hundred-thirty percent (130%) of the applicable Conversion Price in effect on the last Trading Day of the immediately preceding calendar quarter. 
 (iii) Prior to February 1, 2015, the Notes shall be convertible as provided in Section 13.01(b), Section 13.01(c) and
Section 13.01(d). 
 (b) If the Company elects to: 
 (i) distribute to all or substantially all holders of Common Stock rights entitling them to purchase, for a period expiring within sixty
(60) days after the date for such distribution, Common Stock at a price less than the Last Reported Sale Price of the Common Stock for the Trading Day immediately preceding the declaration date of such distribution; or 
 (ii) distribute to all or substantially all holders of Common Stock, assets or debt securities of the Company or rights to purchase the
Company’s securities, which distribution has a per share value (as reasonably determined by the Board of Directors) exceeding ten percent (10%) of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding
the date of declaration of such distribution, 
 then, in either case, holders may surrender the Notes
for conversion at any time on and after the date that the Company provides notice to holders referred to in the next sentence until the earlier of the close of business on the Business Day immediately preceding the Ex-Date for such distribution or
the date the Company announces that such distribution will not take place. The Company shall notify holders of any distribution referred to in either clause (i) or clause (ii) above and of the resulting conversion right no later than the
thirty-fifth (35th) Scheduled Trading Day prior to the Ex-Date for such distribution. Holders may not exercise
this right if such holder participates in the distribution without conversion. 
 (c) If the Company consolidates with or merges with or into
another Person or is a party to a binding share exchange or conveys, transfers, sells, leases or otherwise disposes of all or substantially all of its properties and assets in each case pursuant to which the Common Stock would be converted into
cash, 

  

 65 

 
securities and/or other property, then the holders shall have the right to convert Notes at any time beginning fifteen (15) calendar days prior to the
date announced by the Company as the anticipated effective date of the transaction and until and including the date that is fifteen (15) calendar days after the date that is the effective date of such transaction; provided such
transaction does not otherwise constitute a Designated Event to which the provisions of Section 13.01(d) shall apply. The Company will notify holders of Notes at least twenty (20) calendar days prior to the anticipated effective date of
such transaction. The Board of Directors shall determine the anticipated effective date of the transaction, and such determination shall be conclusive and binding on the holders and shall be publicly announced by the Company and posted on its web
site not later than two Business Day prior to such fifteenth (15th) day. 
 (d) If the Company is a party to any transaction or event that constitutes a Designated Event, a
holder may surrender Notes for conversion at any time on or after the thirtieth (30th) Scheduled Trading Day
prior to the anticipated effective date of such transaction or event until the related Designated Event Purchase Date and, upon such surrender, if such Designated Event also constitutes a Fundamental Change, the holder shall be entitled to the
increase in the Conversion Rate, if any, specified in Section 13.01(e). The Company shall give notice in writing to all record Noteholders and the Trustee of the Designated Event no later than thirty (30) Scheduled Trading Days prior to
the anticipated effective date of the Designated Event. 
 In the case of clause (c) or (d) above, if the transaction is not
consummated or the event does not occur, from and after the time of the Company’s announcement that the transaction or event will not be consummated or occur, as the case may be, the Notes which have not theretofore been tendered for conversion
shall cease to be convertible by virtue of such transaction or event. 
 (e)(i) If a Noteholder elects to convert Notes in connection with a
Fundamental Change, the Conversion Rate applicable to each $1,000 principal amount of Notes so converted shall be increased by an additional number of shares of Common Stock (the “Additional Shares”) as described below. Settlement
of Notes tendered for conversion to which Additional Shares shall be added to the Conversion Rate as provided in this Section 13.01(e) shall be settled pursuant to Section 13.02(d) below. For purposes of this Section 13.01(e), a
conversion shall be deemed to be “in connection” with a Fundamental Change to the extent that such conversion is effected during the time period specified in Section 13.01(d) (regardless of whether the provisions of clause (a)(i),
(a)(ii), (b) or (c) of this Section 13.01 shall apply to such conversion). 
 (ii) The number of Additional
Shares by which the Conversion Rate will be increased shall be determined by reference to the table attached as Schedule A hereto, based on the date on which the 

  

 66 

 
Fundamental Change occurs or becomes effective (the “Effective Date”), and the Stock Price; provided that if the actual Stock Price
is between two Stock Price amounts in the applicable table or the Effective Date is between two Effective Dates in the applicable table, the number of Additional Shares shall be determined by a straight-line interpolation between the number of
Additional Shares set forth for the next higher and next lower Stock Price amounts and the two nearest Effective Dates set forth in such table, as applicable, based on a 365-day year; provided further that if (1) the Stock Price is
greater than $150.00, per share of Common Stock (subject to adjustment in the same manner as set forth in Section 13.04), no Additional Shares will be added to the Conversion Rate and (2) the Stock Price is less than $14.04 per share,
(subject to adjustment in the same manner as set forth in Section 13.04), no Additional Shares will be added to the Conversion Rate. Notwithstanding the foregoing, in no event will the additional number of shares of Common Stock issuable upon
conversion exceed 35.6125 per $1,000 principal amount of Notes (subject to adjustment in the same manner as set forth in Section 13.04). 
 (iii) The Stock Prices set forth in the first row of each table in Schedule A hereto shall be adjusted by the Company as of any date on which the Conversion Rate of the Notes is adjusted. The adjusted Stock
Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate in effect immediately prior to the adjustment giving rise to the Stock Price adjustment and
the denominator of which is the Conversion Rate as so adjusted. The number of Additional Shares within the table shall be adjusted in the same manner as the Conversion Rate as set forth in Section 13.04 (other than by operation of an adjustment
to the Conversion Rate by adding Additional Shares). 
 Section 13.02. Conversion Procedure.  
 (a) Subject to Section 13.02(b), the Company will satisfy the Conversion Obligation with
respect to each $1,000 principal amount of Notes tendered for conversion in cash and shares of fully paid Common Stock, if applicable, by delivering, on the third (3rd) Trading Day immediately following the last day of the related Observation Period, cash and shares of Common Stock, if any, equal to the sum of the Daily
Settlement Amounts for each of the thirty (30) Trading Days during the related Observation Period; provided that the Company will deliver cash in lieu of fractional shares of Common Stock as set forth pursuant to clause (k) below.
The Daily Settlement Amounts shall be determined by the Company promptly following the last day of the Observation Period. 
  

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 (b) Notwithstanding Section 13.02(a), the Company shall satisfy the Conversion Obligation with
respect to each $1,000 principal amount of Notes tendered for conversion to which Additional Shares shall be added to the Conversion Rate as set forth in Section 13.01(e) pursuant to this clause (b). 
 (i)(A) If the last day of the applicable Observation Period related to Notes
surrendered for conversion is prior to the third (3rd) Scheduled Trading Day preceding the Effective Date of
the Fundamental Change, the Company will satisfy the related Conversion Obligation with respect to each $1,000 principal amount of Notes tendered for conversion as described in Section 13.02(b) by delivering the cash and shares of Common Stock,
if any (based on the Conversion Rate, but without regard to the number of Additional Shares to be added to the Conversion Rate pursuant to Section 13.01(e)), on the third (3rd) Trading Day immediately following the last day of the applicable Observation Period. As soon as practicable following the Effective Date of the
Fundamental Change, the Company will deliver the increase in such amount of cash and Reference Property in lieu of shares of Common Stock, if any, as if the Conversion Rate had been increased by such number of Additional Shares during the related
Observation Period (and based upon the related Daily VWAP prices during such Observation Period). If such increased amount of cash and shares, if any, results in an increase to the amount of cash to be paid to holders, the Company will pay such
increase in cash, and if such increased amount results in an increase to the number of shares of Common Stock, the Company will deliver such increase by delivering Reference Property based on such increased number of shares. 
 (B) If the last day of the applicable Observation Period related to Notes
surrendered for conversion is on or following the third (3rd) Scheduled Trading Day preceding the Effective
Date of such Fundamental Change, the Company will satisfy the Conversion Obligation with respect to each $1,000 principal amount of Notes tendered for conversion as described in Section 13.01(b) (based on the Conversion Rate as increased by the
Additional Shares pursuant to Section 13.01(e) above) on the later to occur of (1) the Effective Date of the Fundamental Change and (2) the third (3rd) Trading Day immediately following the last day of the applicable Observation Period. 
 (c) Before any holder of a Note shall be entitled to convert the same as set forth above, such holder shall (1) in the case of a Global Note, comply with the procedures of the Depositary in effect at that time and, if required, pay
funds equal to interest payable on the next Interest Payment Date to which such holder is not entitled as set forth in Section 13.02(i) and, if required, pay all taxes or duties, if any, and (2) in the case of a Note issued in certificated
form, (A) 

  

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complete and manually sign and deliver an irrevocable written notice to the Conversion Agent in the form on the reverse of such certificated Note (or a
facsimile thereof) (a “Notice of Conversion”) at the office of the Conversion Agent and shall state in writing therein the principal amount of Notes to be converted and the name or names (with addresses) in which such holder wishes
the certificate or certificates for any shares of Common Stock, if any, to be delivered upon settlement of the Conversion Obligation to be registered, (B) surrender such Notes, duly endorsed to the Company or in blank (and accompanied by
appropriate endorsement and transfer documents), at the office of the Conversion Agent, (C) if required, pay funds equal to interest payable on the next Interest Payment Date to which such holder is not entitled as set forth in
Section 13.02(i), and (D) if required, pay all taxes or duties, if any. A Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that the holder has
complied with the requirements set forth in this Section 13.02(c). 
 No Notice of Conversion with respect to any Notes may be tendered
by a holder thereof if such holder has also tendered a Designated Event Purchase Notice and not validly withdrawn such Designated Event Purchase Notice in accordance with the applicable provisions of Section 14.01, as the case may be.

 If more than one Note shall be surrendered for conversion at one time by the same holder, the Conversion Obligation with respect to such
Notes, if any, that shall be payable upon conversion shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered. 
 (d) Delivery of the amounts owing in satisfaction of the Conversion Obligation shall be made by the Company in no event later than the date specified in
Section 13.02(a), except to the extent specified in Section 13.02(b). The Company shall make such delivery by paying the cash amount owed to the Conversion Agent or to the holder of the Note surrendered for conversion, or such
holder’s nominee or nominees, and by issuing, or causing to be issued, and delivering to the Conversion Agent or to such holder, or such holder’s nominee or nominees, certificates or a book-entry transfer through the Depositary for the
number of full shares of Common Stock, if any, to which such holder shall be entitled as part of such Conversion Obligation (together with any cash in lieu of fractional shares). 
 (e) In case any Note shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon the
written order of the holder of the Note so surrendered, without charge to such holder, a new Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Notes. 
  

 69 

 (f) If a holder submits a Note for conversion, the Company shall pay all stamp and other duties, if any,
which may be imposed by the United States or any political subdivision thereof or taxing authority thereof or therein with respect to the issuance of shares of Common Stock, if any, upon the conversion. However, the holder shall pay any such tax
which is due because the holder requests any shares of Common Stock to be issued in a name other than the holder’s name. The Conversion Agent may refuse to deliver the certificates representing the shares of Common Stock being issued in a name
other than the holder’s name until the Trustee receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the holder’s name. Nothing herein shall preclude any tax withholding
required by law or regulations. 
 (g) Except as provided in Section 13.04, no adjustment shall be made for dividends on any shares
issued upon the conversion of any Note as provided in this Article 13. 
 (h) Upon the conversion of an interest in a Global Note, the
Trustee, or the Custodian at the direction of the Trustee, shall make a notation on such Global Note as to the reduction in the principal amount represented thereby. The Company shall notify the Trustee in writing of any conversion of Notes effected
through any Conversion Agent other than the Trustee. 
 (i) Upon conversion, a Noteholder will not receive any separate cash payment for
accrued and unpaid interest except as set forth below. The Company’s settlement of the Conversion Obligations as described above shall be deemed to satisfy its obligation to pay the principal amount of the Note and accrued and unpaid interest
and Additional Interest, if any, to, but not including, the Conversion Date. As a result, accrued and unpaid interest and Additional Interest, if any, to, but not including, the Conversion Date shall be deemed to be paid in full rather than
cancelled, extinguished or forfeited. Notwithstanding the preceding sentence, if Notes are converted after the close of business on a record date and prior to the next succeeding Interest Payment Date, holders of such Notes as of the close of
business on the record date will receive the interest (including any Additional Interest) payable on such Notes on the corresponding Interest Payment Date notwithstanding the conversion. Notes surrendered for conversion during the period from the
close of business on any regular record date to the opening of business on the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest (including any Additional Interest) payable on the Notes so
converted; provided, however, that no such payment need be made (i) if the Company has specified a Designated Event Purchase Date that is after a Record Date and on or prior to the corresponding Interest Payment Date; (ii) in
respect of any conversion that occurs after the record date immediately preceding the applicable Maturity Date; or (iii) to the extent of any overdue interest (including any Additional Interest) existing at 

  

 70 

 
the time of conversion with respect to such Note. Except as described above, no payment or adjustment will be made for accrued interest on converted Notes.

 (j) The Person in whose name the certificate for any shares of Common Stock issued upon conversion is registered shall be treated as a
stockholder of record on and after the Conversion Date; provided, however, that no surrender of Notes on any date when the stock transfer books of the Company shall be closed shall be effective to constitute the Person or Persons
entitled to receive the shares of Common Stock upon such conversion as the record holder or holders of such shares of Common Stock on such date, but such surrender shall be effective to constitute the Person or Persons entitled to receive such
shares of Common Stock as the record holder or holders thereof for all purposes at the close of business on the next succeeding day on which such stock transfer books are open; such conversion shall be at the Conversion Rate in effect on the date
that such Notes shall have been surrendered for conversion, as if the stock transfer books of the Company had not been closed. Upon conversion of Notes, such Person shall no longer be a Noteholder. 
 (k) No fractional shares of Common Stock shall be issued upon conversion of any Note or Notes. If more than one Note shall be surrendered for conversion
at one time by the same holder, the number of full shares that shall be issued upon conversion thereof shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof) so surrendered. Instead of any
fractional share of Common Stock that would otherwise be issued upon conversion of any Note or Notes (or specified portions thereof), the Company shall pay a cash adjustment in respect of such fraction (calculated to the nearest one-100th of a
share) in an amount equal to the same fraction of the Last Reported Sale Price of the Common Stock on the last day of the applicable Observation Period. 
 Section 13.03. Exchange in Lieu of Conversion.  
 (a) If at any time when a holder surrenders
Notes for conversion prior to their Maturity Date and the Company: 
 (i) has designated a financial institution (a
“Designated Institution”) to accept such Notes in exchange for cash and shares of Common Stock, if any, equal to the consideration due upon conversion as provided in Section 13.02; and 
 (ii) notifies the holder surrendering such Notes for conversion by the close of business on the Trading Day immediately preceding the
start of the Observation Period, that it has directed the Designated Institution to exchange such Notes, 

  

 71 

 
then, notwithstanding anything in this Indenture to the contrary, the Company may direct the Conversion Agent to surrender such Notes, on or prior to the
commencement of the Observation Period to the Designated Institution for exchange. 
 (b) If the Designated Institution accepts Notes
surrendered for conversion, it shall notify the Conversion Agent whether it shall deliver, upon exchange, cash and, if applicable, the appropriate number of shares of Common Stock, as specified in Section 13.02 to the Conversion Agent and the
Conversion Agent shall deliver the cash and shares of Common Stock, if any, to the holder, within the time period specified in Section 13.02, which delivery shall be deemed to satisfy the Company’s Conversion Obligation under this Article
13 with respect to such holder. Any Notes so exchanged by such Designated Institution shall remain outstanding for all purposes under this Indenture. 
 (c) If the Designated Institution agrees to accept any Notes for exchange but does not timely deliver the related consideration to the Conversion Agent, or if the Designated Institution does not accept such Notes for
exchange, the Company shall, within the time period specified in Section 13.02, convert such Notes into cash and shares of Common Stock, if any, in accordance with the provisions of Section 13.02. 
 (d) For the avoidance of doubt, in no event will the Company’s designation of a financial institution pursuant to this Section 13.03 require
such financial institution to accept any Notes for exchange. The Company hereby agrees not to pay any consideration to, or otherwise enter into any agreement with, any Designated Institution with respect to its designation pursuant to this
Section 13.03. 
 Section 13.04. Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from time to time by
the Company as follows: 
 (a) If the Company issues shares of Common Stock as a dividend or distribution to holders of all or substantially
all of the outstanding Common Stock, or effects a share split or share combination, the Conversion Rate shall be adjusted based on the following formula: 
 

 
 where 
  

			
	CR0	  	 =  the Conversion Rate in effect immediately prior to the Ex-Date for such dividend or distribution or the effective date of such
share split or combination, as the case may be;

  

 72 

			
	CR1	  	 =  the Conversion Rate in effect immediately after the Ex-Date for such dividend or distribution or the effective date of such
share split or combination, as the case may be;

  

			
	OS0	  	 =  the number of shares of Common Stock outstanding immediately prior to the Ex-Date for such dividend or distribution or the
effective date of such share split or combination, as the case may be;

  

			
	OS1	  	 =  the number of shares of Common Stock outstanding immediately after the Ex-Date for such dividend or distribution or the effective date of such share split or combination, as the case may be.

 Such adjustment shall become effective immediately after 9:00 a.m., New York City time, on the Business Day
following the Record Date fixed for such dividend or distribution or the date fixed for such share split or share combination. To the extent any dividend or distribution of the type described in this Section 13.04(a) is declared but not so paid
or made, or the outstanding shares of Common Stock are not split or combined, as the case may be, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors determines not to pay such dividend or
distribution, or split or combine the outstanding shares of Common Stock, as the case may be, to the Conversion Rate that would then be in effect if such dividend, distribution, split or share combination had not been declared. 
 (b) If the Company distributes to all or substantially all holders of its outstanding shares of Common Stock rights or warrants entitling them for a
period of not more than sixty (60) calendar days to subscribe for or purchase shares of Common Stock at a price per share less than the Last Reported Sale Price of the Common Stock on the Business Day immediately preceding the date of
announcement of such distribution, the Conversion Rate shall be adjusted based on the following formula: 
 

 
 where 
  

			
	CR0	  	 =  the Conversion Rate in effect immediately prior to the Ex-Date for such distribution;

  

			
	CR1	  	 =  the Conversion Rate in effect immediately after the Ex-Date for such distribution;

  

 73 

			
	OS0	  	 =  the number of shares of Common Stock outstanding immediately prior to the Ex-Date for such distribution;

  

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

  

			
	Y	  	 =  the number of shares of Common Stock equal to the aggregate price payable to exercise or convert such rights or warrants
divided by the average of the Last Reported Sale Prices of Common Stock over the ten (10) consecutive Trading Day period ending on the Business Day immediately preceding the Ex-Date relating to such distribution.

 Such adjustment shall be successively made whenever any such rights or warrants are distributed and shall become
effective immediately after 9:00 a.m., New York City time, on the Business Day following the date fixed for such determination of Noteholders entitled to receive such rights or warrants. If such rights or warrants are not so distributed, the
Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such Record Date for such distribution had not been fixed. To the extent that shares of Common Stock are not delivered after the expiration of such
rights, warrants or convertible securities, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights or warrants been made on the basis of delivery of only
the number of shares of Common Stock actually delivered. 
 In determining whether any rights or warrants entitle the holders to subscribe
for or purchase shares of Common Stock at less than such Last Reported Sale Price, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration received by the Company for such
rights or warrants and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors. 
 (c) If the Company distributes to all or substantially all holders of its Common Stock shares of any class of Capital Stock of the Company evidences of
its Indebtedness or other assets or property of the Company excluding (i) dividend or distribution rights or warrants referred to in Section 13.04(a) or 13.04(b), (ii) dividends or distributions paid exclusively in cash, and
(iii) Spin-Offs described below in this Section 13.04 (any of such shares of Capital Stock, Indebtedness, or other asset or property hereinafter in this Section 13.04(c) called the “Distributed Property”), then, in
each such case the Conversion Rate shall be adjusted based on the following formula: 
  

 74 

 

 
 where 

			
	 CR0
	 	= the Conversion Rate in effect immediately prior to the Ex-Date for such distribution;
	 CR1
	 	= the Conversion Rate in effect immediately after the Ex-Date for such distribution;
	 SP0
	 	 =  the average of the Last Reported Sale Prices of the Common Stock over the ten (10) consecutive Trading Day period ending
on the Business Day immediately preceding the Ex-Date relating to such distribution; and

	 FMV
	 	 =  the fair market value (as determined by the Board of Directors) of the shares of Capital Stock, evidences of Indebtedness,
assets or property distributed with respect to each outstanding share of Common Stock on the Ex-Date relating to such distribution.

 Such adjustment shall become effective immediately prior to
9:00 a.m., New York City time, on the Business Day following the date fixed for the determination of stockholders entitled to receive such distribution; provided that if the then fair market value (as so determined) of the portion of the
Distributed Property so distributed applicable to one share of Common Stock is equal to or greater than SP0 as set
forth above, in lieu of the foregoing adjustment, adequate provision shall be made so that each Noteholder shall have the right to receive, for each $1,000 principal amount of Notes upon conversion, the amount of Distributed Property such holder
would have received had such holder owned a number of shares of Common Stock equal to the Conversion Rate on the Record Date. If such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion
Rate that would then be in effect if such dividend or distribution had not been declared. If the Board of Directors determines the fair market value of any distribution for purposes of this Section 13.04(c) by reference to the actual or when
issued trading market for any securities, it must in doing so consider the prices in such market over the same period used in determining SP0 above. 
 With respect to an adjustment pursuant to this Section 13.04(c) where there has been a payment of a
dividend or other distribution on the Common Stock or shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit (a “Spin-Off”), the Conversion Rate in effect
immediately before close of business after the tenth 

  

 75 

 
(10th) Trading Day
immediately following, and including the effective date of the Spin-Off will be increased based on the following formula: 
 

 
 where 
  

			
	CR0	 	 =  the Conversion Rate in effect immediately after the tenth (10th) Trading Day immediately following, and including the effective date of the Spin-Off;

		
	CR1	 	 =  the Conversion Rate in effect immediately after the tenth (10th) Trading Day immediately following, and including the effective date of the Spin-Off;

		
	FMV0	 	 =  the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of Common
Stock applicable to one share of Common Stock over the first ten (10) consecutive Trading Day period after the effective date of the Spin-Off; and

		
	MP0	 	 =  the average of the Last Reported Sale Prices of Common Stock over the first ten (10) consecutive Trading Day period after
the effective date of the Spin-Off.

  
  
 Such adjustment shall occur on the tenth (10th) Trading Day from, and including, the effective date of the Spin-Off; provided that in respect of any conversion within the ten (10) Trading
Days following the effective date of any Spin-Off, references within this paragraph (c) to ten (10) Trading Days shall be deemed replaced with such lesser number of Trading Days as have elapsed between such Spin-Off and the Conversion Date
in determining the applicable Conversion Rate. 
 (d) If the Company pays a dividend or makes a distribution consisting exclusively of cash
to all or substantially all holders of its Common Stock, the Conversion Rate shall be adjusted based on the following formula: 
 

 
 where, 
  

	 	 CR0
	 = the Conversion Rate in effect immediately prior to the Ex-Date for such distribution;

  

 76 

			
	CR1	 	 =  the Conversion Rate in effect immediately after the Ex-Date for such distribution;

		
	SP0	 	 =  the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the Ex-Date relating to such
distribution; and

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

 Such adjustment shall become effective immediately after
the close of business, on the Record Date for such dividend or distribution; provided that if the portion of the cash so distributed applicable to one share of Common Stock is equal to or greater than SP0 as above, in lieu of the foregoing adjustment, adequate provision shall be made so that each Noteholder shall have the right to receive upon
conversion of a Note (or any portion thereof) the amount of cash such holder would have received had such holder owned a number of shares equal to the Conversion Rate on the Record Date. If such dividend or distribution is not so paid or made, the
Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 For the avoidance of doubt, for purposes of this Section 13.04(d), in the event of any reclassification of the Common Stock, as a result of which the Notes become convertible into more than one class of Common
Stock, if an adjustment to the Conversion Rate is required pursuant to this Section 13.04(d), references in this Section to one share of Common Stock or Last Reported Sale Price of one share of Common Stock shall be deemed to refer to a unit or
to the price of a unit consisting of the number of shares of each class of Common Stock into which the Notes are then convertible equal to the numbers of shares of such class issued in respect of one share of Common Stock in such reclassification.
The above provisions of this paragraph shall similarly apply to successive reclassifications. 
 (e) If the Company or any of its
Subsidiaries makes a payment in respect of a tender offer or exchange offer for all or any portion of the Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of Common Stock exceeds the
Last Reported Sale Price of the Common Stock on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended), the Conversion Rate shall be increased based on
the following formula: 
 

 
  

 77 

 where 
  

			
	CR0	 	 =  the Conversion Rate in effect on the date such tender or exchange offer expires;

		
	CR1	 	 =  the Conversion Rate in effect on the day next succeeding the date such tender or exchange offer expires;

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

		
	OS0	 	 =  the number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer
expires;

		
	OS1	 	 =  the number of shares of Common Stock outstanding immediately after the date such tender or exchange offer expires;
and

		
	SP1	 	 =  the Last Reported Sale Price of Common Stock on the Trading Day next succeeding the date such tender or exchange offer
expires.

 such adjustment to become effective immediately prior to 9:00 a.m., New York City time, on the day following the
last date on which tenders or exchanges may be made pursuant to such tender or exchange offer. If the Company is obligated to purchase shares pursuant to any such tender or exchange offer, but the Company is permanently prevented by applicable law
from effecting all or any such purchases or all or any portion of such purchases are rescinded, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made or
had only been made in respect of the purchases that had been effected. 
 (f) In the event of an increase in the Conversion Rate pursuant to
clauses (c) through (e) of this Section 13.04 or Section 13.01(e), that would result in the Notes, in the aggregate, becoming convertible into shares of Common Stock in excess of the limitation set forth in Section 312.03(c)
of the Listed Company Manual of the New York Stock Exchange, or a successor to such rule, as may then be in effect and interpreted by the New York Stock Exchange, the Company shall, at its option, either obtain stockholder approval of such issuances
or deliver cash in lieu of any shares otherwise deliverable upon conversions in excess of such limitations (based on the Last Reported Sale Price of the Common Stock on the Trading Day immediately prior to the date when such shares would otherwise
be required to be distributed). 
  

 78 

 (g) Notwithstanding any provision herein to the contrary, no adjustment to the Conversion Rate need be
made: 
 (i) upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the
reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in shares of Common Stock under any plan; 
 (ii) upon the issuance of any shares of Common Stock or options or rights to purchase 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; 
 (iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right, or exercisable, exchangeable or convertible security not described in clause (ii) above and outstanding as of the date the Notes were first
issued; 
 (iv) for a change in the par value of the Common Stock; or 
 (v) for accrued and unpaid interest (including any Additional Interest). 
 To the extent the Notes become convertible into cash, assets or property (other than Capital Stock of the Company or securities to which Section 13.01(e) applies), no adjustment shall be made thereafter as to the
cash, assets or property. Interest shall not accrue on such cash, assets or property. 
 (h) All calculations and other determinations under
this Article 13 shall be made by the Company and shall be made to the nearest cent or to the nearest one-ten thousandth (1/10,000) of a share, as the case may be. No adjustment shall be made for the Company’s issuance of Common Stock or
convertible or exchangeable securities or rights to purchase Common Stock or convertible or exchangeable securities, other than as provided in this Section 13.04. No adjustment shall be made to the Conversion Rate unless such adjustment would
require a change of at least one percent (1%) in the Conversion Rate then in effect at such time. The Company shall carry forward any adjustments that are less than one percent (1%) of the Conversion Rate and make such carried forward
adjustments, regardless of whether the aggregate adjustment is less than one percent (1%), upon conversion, a Designated Event, a Fundamental Change, or upon maturity. If the application of the foregoing formulae in Section 13.04(a) through
(e) (other than as a result of a share split or share combination) would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate will be made. 
  

 79 

 (i) Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly file with the
Trustee and any Conversion Agent 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. The Trustee and Conversion
Agent may conclusively rely on the accuracy of the Conversion Rate adjustment provided by the Company. Unless and until a Responsible Officer of the Trustee shall have received such Officer’s Certificate, the Trustee shall not be deemed to have
knowledge of any adjustment of the Conversion Rate and may assume without inquiry that the last Conversion Rate of which it has knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such
adjustment of the Conversion Rate setting forth the adjusted Conversion Rate and the date on which each adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the holder of each Note at his last address
appearing on the Note register provided for in Section 2.07 of this Indenture, within twenty (20) days of the effective date of such adjustment. Failure to deliver such notice shall not affect the legality or validity of any such
adjustment. 
 (j) Any case in which this Section 13.04 provides that an adjustment shall become effective immediately after (1) a
Record Date for a dividend or distribution described in Section 13.04(a), Section 13.04(c), or Section 13.04(d), (2) the date fixed for the determination of stockholders entitled to receive a dividend or distribution, or
effective date of a share split or combination pursuant to Section 13.04(a), (3) a date fixed for the determination of stockholders entitled to receive rights or warrants pursuant to Section 13.04(b), or (4) the last date on
which tenders or exchanges may be made pursuant to any tender or exchange offer pursuant to Section 13.04(e) (each an “Adjustment Determination Date”), the Company may elect to defer until the occurrence of the applicable
Adjustment Event (as hereinafter defined) (x) issuing to the holder of any Note converted after such Adjustment Determination Date and before the occurrence of such Adjustment Event, the additional cash and, if applicable, shares of Common
Stock or other securities issuable upon such conversion by reason of the adjustment required by such Adjustment Event over and above the amounts deliverable upon such conversion before giving effect to such adjustment and (y) paying to such
holder any amount in cash in lieu of any fraction pursuant to Section 13.02(k). For purposes of this Section 13.04(j), the term “Adjustment Event” shall mean: 
 (i) in any case referred to in clause (1) and (2) hereof, the occurrence of such event, 
 (ii) in any case referred to in clause (3) hereof, the date of expiration of such rights or warrants, and 
  

 80 

 (iii) in any case referred to in clause (4) hereof, the date a sale or exchange of
Common Stock pursuant to such tender or exchange offer is consummated and becomes irrevocable. 
 (k) For purposes of this
Section 13.04, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of
Common Stock. 
 (l) For the avoidance of doubt, if a holder converts Notes prior to the effective date of a Fundamental Change, and the
Fundamental Change does not occur, the holder will not be entitled to an increased Conversion Rate in connection with such conversion. 
 Section 13.05. Shares to Be Fully Paid. The Company shall provide, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock to provide for conversion of
the Notes from time to time as such Notes are presented for conversion. 
 Section 13.06. Effect of Reclassification, Consolidation,
Merger or Sale.  
 In the event of (i) any reclassification or change of the outstanding shares of Common Stock (other than a change
in par value, or from par value to no par value, or from no par value to par value, or as a result of a split or combination), (ii) any consolidation, merger or combination involving the Company, or (iii) any sale or conveyance of all or
substantially all of the property and assets of the Company to another Person, in each case as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property or assets with respect to or in exchange for
such Common Stock (any such event a “Merger Event”), then: 
 (a) the Company or the successor or purchasing Person, as the
case may be, shall execute with the Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture if such supplemental indenture is then required to so comply)
permitted under Section 9.01(b) providing for the conversion and settlement of the Notes as set forth in this Indenture. Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article 13 and the Trustee may conclusively rely on the determination by the Company of the equivalency of such adjustments. If, in the case of any Merger Event, the Reference Property includes shares of stock or
other securities and assets of a corporation other than the successor or purchasing corporation, as the case may be, in such reclassification, change, consolidation, merger, combination, sale or conveyance, then such supplemental indenture shall
also be executed by such other corporation 

  

 81 

 
and shall contain such additional provisions to protect the interests of the holders of the Notes as the Board of Directors shall reasonably consider
necessary by reason of the foregoing, including to the extent required by the Board of Directors and practicable the provisions providing for the purchase rights set forth in Article 14 herein. 
 In the event the Company shall execute a supplemental indenture pursuant to this Section 13.06, the Company shall promptly file with the Trustee an
Officer’s Certificate briefly stating the reasons therefore, the kind or amount of cash, securities or property or asset that will constitute the Reference Property after any such Merger Event, any adjustment to be made with respect thereto and
that all conditions precedent have been complied with, and shall promptly mail notice thereof to all Noteholders. 
 (b) Notwithstanding the
provisions of Section 13.02(a) and Section 13.02(b), and subject to the provisions of Section 13.01, at the effective time of such Merger Event, the right to convert each $1,000 principal amount of Notes will be changed to a right to
convert such Note by reference to the kind and amount of cash, securities or other property or assets that a holder of a number of shares of Common Stock equal to the Conversion Rate immediately prior to such transaction would have owned or been
entitled to receive (the “Reference Property”) such that from and after the effective time of such transaction, a Noteholder will be entitled thereafter to convert its Notes into cash (up to the aggregate principal amount thereof)
and the same type (and in the same proportion) of Reference Property, based on the Daily Settlement Amounts of Reference Property in an amount equal to the applicable Conversion Rate, as described under Section 13.02(b). For purposes of
determining the constitution of Reference Property, the type and amount of consideration that a holder of Common Stock would have been entitled to in the case of reclassifications, consolidations, mergers, sales or conveyance of assets or other
transactions that cause the Common Stock to be converted into the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election) will be deemed to be the weighted average of the types and
amounts of consideration received by the holders of Common Stock that affirmatively make such an election. The Company shall not become a party to any such transaction unless its terms are consistent with the preceding. None of the foregoing
provisions shall affect the right of a holder of Notes to convert its Notes in accordance with the provisions of Article 13 hereof prior to the effective date. 
 (c) The Company shall cause notice of the execution of such supplemental indenture to be mailed to each Noteholder, at his address appearing on the Note register provided for in this Indenture, within twenty
(20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 
  

 82 

 (d) The above provisions of this Section 13.06 shall similarly apply to successive Merger Events.

 Section 13.07. Certain Covenants. Before taking any action which would cause an adjustment reducing the Conversion Rate below
the then par value, if any, of the shares of Common Stock issuable upon conversion of the Notes, the Company will take all corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally
issue shares of such Common Stock at such adjusted Conversion Rate. The Company covenants that all shares of Common Stock issued upon conversion of Notes will be fully paid and non-assessable by the Company and free from all taxes, liens and changes
with respect to the issue thereof. 
 Section 13.08. Responsibility of Trustee. Notwithstanding any provision of this Indenture
to the contrary, the Trustee and any other Conversion Agent shall not at any time be under any duty or responsibility to any Noteholder to determine the Conversion Rate or whether any facts exist which may require any adjustment of the Conversion
Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same. The Trustee and any other
Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock, or of any securities or property, which may at any time be issued or delivered upon the conversion of any Note;
and the Trustee and any other Conversion Agent make no representations with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock or
stock certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article. 
 Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be under any responsibility to determine the
correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 13.06 relating either to the kind or amount of shares of stock or securities or property (including cash) receivable by Noteholders upon the
conversion of their Notes after any event referred to in such Section 13.06 or to any adjustment to be made with respect thereto, but, subject to the provisions of Section 6.01, may accept 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. 
  

 83 

 Section 13.09. Notice to Holders Prior to Certain Actions.  
 In case: 
 (a) the Company shall declare a
dividend (or any other distribution) on its Common Stock that would require an adjustment in the Conversion Rate pursuant to Section 13.04; 
 (b) the Company shall authorize the granting to all or substantially all of the holders of its Common Stock of rights or warrants to subscribe for or purchase any share of any class or any other rights or warrants that would require an
adjustment in the Conversion Rate pursuant to Section 13.04; 
 (c) of any reclassification of the Common Stock of the Company (other
than a subdivision or combination of its outstanding Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value), or of any consolidation or merger to which the Company is a party and for which
approval of any shareholders of the Company is required, or of the sale or transfer of all or substantially all of the assets of the Company; or 
 (d) of the voluntary or involuntary dissolution, liquidation or winding-up of the Company, 
 the Company shall cause to be filed with the Trustee
and to be mailed to each Noteholder at his address appearing on the Note register, provided for in Section 2.07 of this Indenture, as promptly as possible but in any event at least twenty (20) days prior to the applicable date specified in
clause (x) or (y) below, as the case may be, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution or rights or warrants, or, if a record is not to be taken, the date as of which
the holders of Common Stock of record to be entitled to such dividend, distribution or rights are to be determined, or (y) the date on which such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding-up is
expected to become effective or occur, and the date as of which it is expected that holders of Common Stock of record shall be entitled to exchange their Common Stock for securities or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer, dissolution, liquidation or winding-up. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation, merger,
sale, transfer, dissolution, liquidation or winding-up. 
 Section 13.10. Shareholder Rights Plans. To the extent the Company has
a rights plan in effect upon conversion of the Notes, the holders shall receive, in addition to any shares of Common Stock issuable upon such conversion, the associated rights issued under such rights plan unless, prior to conversion, the 

  

 84 

 
rights have separated from the Common Stock, in which case, the Conversion Rate will be adjusted at the time of separation as if the Company distributed to
all holders of Common Stock shares of the Company’s Capital Stock, evidences of Indebtedness or assets as described in Section 13.04(c) above, subject to readjustment in the event of the expiration, termination or redemption of such
rights. In lieu of any such adjustment, the Company may amend such applicable rights plan to provide that upon conversion of the Notes the holders will receive, in addition to the Common Stock issuable upon such conversion, the rights which would
have attached to such Common Stock if the rights had not become separated from the Common Stock under such applicable rights plan. 
 ARTICLE
14 
 PURCHASE OF NOTES AT OPTION OF
HOLDERS 
 Section 14.01. Purchase at Option of Holders Upon a Designated Event.  
 (a) If a Designated Event occurs at any time, then each Noteholder shall have the right, at such holder’s option, to require the Company to purchase
all of such holder’s Notes or any portion thereof that is a multiple of $1,000 principal amount, for cash on the date (the “Designated Event Purchase Date”) specified by the Company that is not less than twenty (20) days
and not more than thirty five (35) calendar days after the date of the Designated Event Purchase Notice at a purchase price equal to one hundred percent (100%) of the principal amount thereof, together with accrued and unpaid interest,
including any Additional Interest to, but excluding, the Designated Event Purchase Date (unless the Designated Event Purchase Date is between a regular Record Date and the corresponding Interest Payment Date) (the “Designated Event Purchase
Price”). Purchases of Notes under this Section 14.01 shall be made, at the option of the holder thereof, upon: 
 (i) delivery to the Trustee (or other Paying Agent appointed by the Company) by a holder of a duly completed notice (the “Designated Event Purchase Notice”) in the form set forth on the reverse of the Note prior to the
Designated Event Purchase Date; and 
 (ii) delivery or book-entry transfer of the Notes to the Trustee (or other Paying Agent
appointed by the Company) at any time after delivery of the Designated Event Purchase Notice (together with all necessary endorsements) at the Corporate Trust Office of the Trustee (or other Paying Agent appointed by the Company), such delivery
being a condition to receipt by the holder of the Designated Event Purchase Price therefor; provided that such Designated Event Purchase Price shall be so paid pursuant to this Section 14.01 only if the Note so delivered to the Trustee
(or other Paying Agent appointed by the Company) shall conform 

  

 85 

 
in all respects to the description thereof in the related Designated Event Purchase Notice. 
 The Designated Event Purchase Notice shall state: 
 (A) if certificated, the certificate numbers of Notes to be delivered for purchase; 
 (B) the
portion of the principal amount of Notes to be purchased, which must be $1,000 or an integral multiple thereof; and 
 (C)
that the Notes are to be purchased by the Company pursuant to the applicable provisions of the Notes and the Indenture. 
 Any purchase by
the Company contemplated pursuant to the provisions of this Section 14.01 shall be consummated by the delivery of the consideration to be received by the holder promptly following the later of the Designated Event Purchase Date and the time of
the book-entry transfer or delivery of the Note. 
 The Trustee (or other Paying Agent appointed by the Company) shall promptly notify the
Company of the receipt by it of any Designated Event Purchase Notice or written notice of withdrawal thereof in accordance with the provisions of Section 14.01(c). 
 Any Note that is to be purchased only in part shall be surrendered to the Trustee (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed by the holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and make available for delivery to the holder of such Note without service
charge, a new Note or Notes, containing identical terms and conditions, each in an authorized denomination in aggregate principal amount equal to and in exchange for the unpurchased portion of the principal of the Note so surrendered. 
 (b) On or before the tenth (10th) day after the Effective Date of any Designated Event, the Company shall provide to all holders of record of the Notes and the Trustee and Paying Agent a
notice (the “Designated Event Company Notice”) of the occurrence of such Designated Event and of the purchase right at the option of the holders arising as a result thereof. Such mailing shall be by first class mail. Simultaneously
with providing such Designated Event Company Notice, the Company shall publish a notice containing the information included therein in a newspaper of general circulation in The City of New York or publish 

  

 86 

 
the information on the Company’s website or through such other public medium as the Company may use at such time. 
 Each Designated Event Company Notice shall specify: 
 (i) the events causing the Designated Event and whether such Designated Event also constituted a Fundamental Change; 
 (ii) the date of the Designated Event; 
 (iii) the Designated Event Purchase Date and the
last date on which a holder may exercise the purchase right; 
 (iv) the Designated Event Purchase Price; 
 (v) the name and address of the Paying Agent and the Conversion Agent; 
 (vi) the applicable Conversion Rate and any adjustments to the applicable Conversion Rate (including the number of Additional Shares, if
any, in the case of a Fundamental Change); 
 (vii) that the Notes with respect to which a Designated Event Purchase Notice
has been delivered by a holder may be converted only if the holder withdraws the Designated Event Purchase Notice in accordance with the terms of the indenture; 
 (viii) that the holder must exercise the purchase right on or prior to the close of business on the Designated Event Purchase Date (the
“Designated Event Expiration Time”); 
 (ix) that the holder shall have the right to withdraw any Notes
surrendered prior to the Designated Event Expiration Time; and 
 (x) the procedures that holders must follow to require the
Company to purchase their Notes. 
 No failure of the Company to give the foregoing notices and no defect therein shall limit the
Noteholders’ purchase rights or affect the validity of the proceedings for the purchase of the Notes pursuant to this Section 14.01. 
 (c) A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the Paying Agent in accordance with the Designated Event Company Notice at any time prior to the close of business on the
Business Day prior to the Designated Event Purchase Date, specifying: 
  

 87 

 (i) if certificated Notes have been issued, the certificate numbers of the withdrawn
Notes; 
 (ii) the principal amount of the Note with respect to which such notice of withdrawal is being submitted; and

 (iii) the principal amount, if any, of such Note that remains subject to the original Designated Event Purchase Notice,
which portion must be in principal amounts of $1,000 or an integral multiple of $1,000; 
 provided, however, that if the Notes are not in
certificated form, the notice must comply with appropriate procedures of the Depositary. 
 (d) On or prior to 11:00 a.m., New York City time
on the Designated Event Purchase Date, the Company will deposit with the Trustee (or other Paying Agent appointed by the Company or if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in
Section 5.04) an amount of cash sufficient to purchase on the Designated Event Purchase Date all of the Notes to be purchased on such date at the Designated Event Purchase Price. Subject to receipt of funds and/or Notes by the Trustee (or other
Paying Agent appointed by the Company), payment for Notes surrendered for purchase (and not withdrawn) prior to the Designated Event Expiration Time will be made promptly after the later of (x) the Designated Event Purchase Date with respect to
such Note (provided the holder has satisfied the conditions to the payment of the Designated Event Purchase Price in Section 14.01), and (y) the time of book-entry transfer or the delivery of such Note to the Trustee (or other
Paying Agent appointed by the Company) by the holder thereof in the manner required by Section 14.01 by mailing checks for the amount payable to the holders of such Notes entitled thereto as they shall appear in the Note register,
provided, however, that payments to the Depositary shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee. The Trustee shall, promptly after such payment and upon written demand by
the Company, return to the Company any funds in excess of the Designated Event Purchase Price. 
 (e) If the Trustee (or other Paying Agent
appointed by the Company) holds money or securities sufficient to purchase on the Designated Event Purchase Date all the Notes or portions thereof that are to be purchased as of the Business Day following the Designated Event Purchase Date, then on
and after the Designated Event Purchase Date (i) such Notes will cease to be outstanding, (ii) interest (including any Additional Interest) will cease to accrue on such Notes, and (iii) all other rights of the holders of such Notes
will terminate, whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Trustee or Paying Agent, other than the right to receive the Designated Event Purchase Price and previously accrued and unpaid
interest (including any Additional Interest) upon delivery of the Notes. 
  

 88 

 ARTICLE 15 
 MISCELLANEOUS PROVISIONS 
 Section 15.01. Provisions Binding on
Company’s Successors. All the covenants, stipulations, promises and agreements of the Company contained in this Indenture shall bind its successors and assigns whether so expressed or not. 
 Section 15.02. Official Acts by Successor Corporation. Any act or proceeding by any provision of this Indenture authorized or required to be
done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the like board, committee or officer of any corporation that shall at the time be the lawful sole successor of the
Company. 
 Section 15.03. Addresses for Notices, Etc. Any notice or demand which by any provision of this Indenture is required
or permitted to be given or served by the Trustee or by the Noteholders on the Company shall be deemed to have been sufficiently given or made, for all purposes if given or served by being deposited postage prepaid by registered or certified mail in
a post office letter box addressed (until another address is filed by the Company with the Trustee) to Advanced Micro Devices, Inc., One AMD Place, P.O. Box 3453, Sunnyvale, California 94088–3453, Attention: Assistant General Counsel. Any
notice, direction, request or demand hereunder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or served by being deposited postage prepaid by registered or certified mail in a post office
letter box addressed to the Corporate Trust Office. 
 The Trustee, by notice to the Company, may designate additional or different addresses
for subsequent notices or communications. 
 Any notice or communication mailed to a Noteholder shall be mailed to him by first class mail,
postage prepaid, at his address as it appears on the Note register and shall be sufficiently given to him if so mailed within the time prescribed. 
 Failure to mail a notice or communication to a Noteholder or any defect in it shall not affect its sufficiency with respect to other Noteholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether
or not the addressee receives it. 
 Section 15.04. Governing Law. THIS INDENTURE AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF 

  

 89 

 
NEW YORK APPLICABLE TO CONTRACTS ENTERED INTO AND TO BE PERFORMED THEREIN. 
 Section 15.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee. Upon any application or demand by the Company to the Trustee to take any action under any
of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with, and an
Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 Each certificate
or opinion provided for by or on behalf of the Company in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall include (1) a statement that the person making
such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statement or opinion contained in such certificate or opinion is based;
(3) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and
(4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 
 Section 15.06. Legal Holidays. In any case where any Interest Payment Date, Designated Event Purchase Date, Conversion Date or Maturity Date will not be a Business Day, then any action to be taken on such date need not be taken
on such date, but may be taken on the next succeeding Business Day with the same force and effect as if taken on such date, and no interest (or Additional Interest, if any) shall accrue for the period from and after such date to the next succeeding
Business Day. 
 Section 15.07. No Security Interest Created. Nothing in this Indenture or in the Notes, expressed or implied,
shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction. 
 Section 15.08. Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, shall give to any person, other than
the parties hereto, any Paying Agent, any authenticating agent, any Note Registrar and their successors hereunder, the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 15.09. Table of Contents, Headings, Etc. The table of contents and the titles and headings of the articles and sections of this
Indenture have been 

  

 90 

 
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions
hereof. 
 Section 15.10. Authenticating Agent. The Trustee may appoint an authenticating agent which shall be authorized to act
on its behalf and subject to its direction in the authentication and delivery of Notes in connection with the original issuance thereof and transfers and exchanges of Notes hereunder, including under Section 2.06, Section 2.07,
Section 2.09 and Section 2.10, as fully to all intents and purposes as though the authenticating agent had been expressly authorized by this Indenture and those Sections to authenticate and deliver Notes. For all purposes of this
Indenture, the authentication and delivery of Notes by the authenticating agent shall be deemed to be authentication and delivery of such Notes “by the Trustee” and a certificate of authentication executed on behalf of the Trustee by an
authenticating agent shall be deemed to satisfy any requirement hereunder or in the Notes for the Trustee’s certificate of authentication. Such authenticating agent shall at all times be a person eligible to serve as trustee hereunder pursuant
to Section 6.09. 
 Any corporation into which any authenticating agent may be merged or converted or with which it may be consolidated,
or any corporation resulting from any merger, consolidation or conversion to which any authenticating agent shall be a party, or any corporation succeeding to the corporate trust business of any authenticating agent, shall be the successor of the
authenticating agent hereunder, if such successor corporation is otherwise eligible under this Section 15.10, without the execution or filing of any paper or any further act on the part of the parties hereto or the authenticating agent or such
successor corporation. 
 Any authenticating agent may at any time resign by giving written notice of resignation to the Trustee and to the
Company. The Trustee may at any time terminate the agency of any authenticating agent by giving written notice of termination to such authenticating agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or
in case at any time any authenticating agent shall cease to be eligible under this Section, the Trustee shall promptly appoint a successor authenticating agent (which may be the Trustee), shall give written notice of such appointment to the Company
and shall mail notice of such appointment to all Noteholders as the names and addresses of such holders appear on the Note register. 
 The
Company agrees to pay to the authenticating agent from time to time reasonable compensation for its services although the Company may terminate the authenticating agent, if it determines such agent’s fees to be unreasonable. 
 The provisions of Section 6.02, Section 6.03, Section 6.04, Section 7.03 and this Section 15.10 shall be applicable to any
authenticating agent. 
  

 91 

 Section 15.11. Execution in Counterparts. This Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 Section 15.12. Qualification of Indenture. The Company shall qualify this Indenture under the Trust Indenture Act in accordance with the terms and conditions of the Registration Rights Agreement and shall pay all reasonable
costs and expenses (including attorneys’ fees and expenses for the Company, the Trustee and the holders) incurred in connection therewith, including, but not limited to, costs and expenses of qualification of this Indenture and the Notes and
the printing of this Indenture and the Notes. 
 Section 15.13. Calculations. Except as otherwise provided herein, the Company
will be responsible for making all calculations called for under the Indenture and the Notes. The Company will make all such calculations in good faith and, absent manifest error, its calculations will be final and binding on holders. The Company
upon request will provide a schedule of its calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of the Company’s calculations without
independent verification. The Trustee will deliver a copy of such schedule to any holder upon the request of such holder. 
  

 92 

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

			
	ADVANCED MICRO DEVICES, INC.
		
	By:	 	 /s/ Robert J. Rivet

	Name:	 	Robert J. Rivet
	Title:	 	Executive Vice President, Chief Financial Officer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee
		
	By:	 	 /s/ Maddy Hall

	Name:	 	Maddy Hall
	Title:	 	Assistant Vice President

 SCHEDULE A 
  

																											
	 	  	Stock Price
	 Effective Date
	  	$14.04	  	$15.00	  	$20.00	  	$25.00	  	$30.00	  	$35.00	  	$45.00	  	$55.00	  	$65.00	  	$75.00	  	$100.00	  	$125.00	  	$150.00
	 4/27/2007
	  	35.6125	  	33.0347	  	22.4578	  	16.6494	  	13.0615	  	10.6593	  	7.6879	  	5.9435	  	4.8044	  	4.0041	  	2.7642	  	2.0542	  	1.5945
	 5/1/2008
	  	35.6125	  	32.4075	  	21.6740	  	15.8588	  	12.3157	  	9.9737	  	7.1219	  	5.4763	  	4.4146	  	3.6747	  	2.5368	  	1.8880	  	1.4681
	 5/1/2009
	  	35.6125	  	31.5487	  	20.6681	  	14.8669	  	11.3923	  	9.1331	  	6.4373	  	4.9165	  	3.9504	  	3.2840	  	2.2677	  	1.6909	  	1.3173
	 5/1/2010
	  	35.6125	  	31.0542	  	19.5789	  	13.7616	  	10.3524	  	8.1833	  	5.6660	  	4.2894	  	3.4333	  	2.8505	  	1.9707	  	1.4734	  	1.1508
	 5/1/2011
	  	35.6125	  	31.0542	  	18.4242	  	12.5332	  	9.1776	  	7.1062	  	4.7959	  	3.5887	  	2.8602	  	2.3728	  	1.6454	  	1.2351	  	0.9679
	 5/1/2012
	  	35.6125	  	31.0542	  	17.1853	  	11.1315	  	7.8135	  	5.8547	  	3.8002	  	2.8009	  	2.2240	  	1.8467	  	1.2887	  	0.9725	  	0.7652
	 5/1/2013
	  	35.6125	  	31.0542	  	15.8621	  	9.4754	  	6.1663	  	4.3526	  	2.6472	  	1.9178	  	1.5248	  	1.2732	  	0.8987	  	0.6823	  	0.5390
	 5/1/2014
	  	35.6125	  	31.0542	  	14.5336	  	7.3825	  	4.0129	  	2.4463	  	1.3176	  	0.9588	  	0.7790	  	0.6598	  	0.4720	  	0.3598	  	0.2851
	 5/1/2015
	  	35.6125	  	31.0542	  	14.3875	  	4.3875	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000	  	0.0000

 EXHIBIT A 
 [FORM OF FACE OF NOTE] 
 [Include only for Global Notes] 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 TRANSFERS OF THIS GLOBAL NOTE SHALL 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 SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO IN THE TERMS OF SECURITIES ATTACHED HERETO.] 
 [Include only for Notes in certificated form] 
 [UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
  

 A-1 

 [Include only for Notes that are Restricted Securities] 
 [THIS SECURITY AND THE SHARES OF ADVANCED MICRO DEVICES, INC. (THE “COMPANY”) COMMON STOCK (“COMMON STOCK”) ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY, THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF,
(1) AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS TWO YEARS AFTER THE LAST ORIGINAL ISSUE DATE HEREOF ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY
THEREOF, (B) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS
OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE RIGHTS OF THE COMPANY AND THE TRUSTEE PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D) TO REQUIRE
THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND IN EACH OF THE FOREGOING CASES WHERE REGISTRATION OR TRANSFER OF THIS SECURITY IS REQUIRED, A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS SECURITY COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE AND (2) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS
LEGEND WILL BE REMOVED AFTER THE RESALE RESTRICTION TERMINATION DATE. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION 

  

 A-2 

 
OF THE FOREGOING RESTRICTION. IN ANY CASE, THE HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY ENGAGE IN ANY HEDGING TRANSACTIONS WITH REGARD TO THIS SECURITY
OR THE COMMON STOCK EXCEPT AS PERMITTED UNDER THE SECURITIES ACT.] 
 [Include only for shares of Common Stock that are Restricted Securities] 
 [THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER AGREES (1) THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THE SECURITY EVIDENCED HEREBY, EXCEPT (A) TO THE ISSUER; (B) UNDER A REGISTRATION
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO A PERSON THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A ADOPTED UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, ALL IN COMPLIANCE WITH RULE 144A (IF AVAILABLE); OR (D) UNDER ANY OTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND (2) IT WILL, PRIOR TO ANY TRANSFER OF THIS SECURITY FURNISH TO THE TRANSFER AGENT AND THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS MAY BE REQUIRED
TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 
  

 A-3 

 ADVANCED MICRO DEVICES, INC. 
 6.00% Convertible Senior Notes due 2015 
  

				
	 No.
	  	$	            

 CUSIP No. [ ] 
 Advanced Micro Devices, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (herein called the “Company,” which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of
[                    ] Dollars or such other principal amount as shall be set forth on the Schedule I hereto on May 1, 2015.

 This Note shall bear interest at the rate of 6.00% per year from April 27, 2007, or from the most recent date to which interest
had been paid or provided. Interest is payable semi-annually in arrears on each May 1 and November 1, commencing November 1, 2007, to holders of record at the close of business on the preceding April 15 and October 15,
respectively. Interest payable on each Interest Payment Date shall equal the amount of interest accrued from and including the immediately preceding Interest Payment Date (or from and including April 27, 2007 if no interest has been paid
hereon) to but excluding such Interest Payment Date. 
 Principal of, and interest (including Additional Interest, if any) on, Global Notes
shall be paid in immediately available funds to the account of the Depositary or its nominee. Payment of principal of Notes in certificated form shall be made at the office or agency designated by the Company for such purpose. Interest (including
Additional Interest, if any) on Notes in certificated form shall be paid (x) to holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the holders of these Notes or (y) to holders having an aggregate
principal amount of more than $5,000,000, either by check mailed to each holder or, upon application by a holder to the Note Registrar not later than the relevant record date, by wire transfer in immediately available funds to that holder’s
account within the United States, which application shall remain in effect until the holder notifies, in writing, the Note Registrar to the contrary. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving the holder of this Note the right to convert this Note into cash and Common
Stock, if any, of the Company on the terms and subject to the limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth
at this place. 
  

 A-4 

 This Note shall be deemed to be a contract made under the laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of the State of New York applicable to contracts entered into and to be performed therein. 
 This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually signed by the Trustee or a duly authorized authenticating agent under the Indenture. 
 [Remainder of page intentionally left blank] 
  

 A-5 

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

			
	 ADVANCED MICRO DEVICES, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

 A-6 

			
	
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee, certifies that this is one of the Notes described in the within-named Indenture.

		
	By:	 	  

	Name:	 	
	Authorized Officer:

  

 A-7 

 [FORM OF REVERSE OF NOTE] 
 ADVANCED MICRO DEVICES, INC. 
 6.00% Convertible Senior Notes due 2015 
 This Note is one of a duly authorized issue of Notes of the Company, designated as its 6.00% Convertible Senior Notes due 2015 (herein called the
“Notes”), issued under and pursuant to an Indenture dated as of April 27, 2007 (herein called the “Indenture”), between the Company and Wells Fargo Bank, National Association (herein called the “Trustee”), to which
Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the holders of the Notes. Additional
Notes may be issued in an unlimited aggregate principal amount, subject to certain conditions specified in the Indenture. 
 In case an Event
of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of, and accrued and unpaid interest on, all Notes, may be declared, and upon said declaration shall become, due and payable, in the manner, with the effect
and subject to the conditions provided in the Indenture. 
 Subject to the terms and conditions of the Indenture, the Company will make all
payments and deliveries in respect of the Designated Event Purchase Price and the principal amount on the Maturity Date, as the case may be, to the holder who surrenders a Note to a Paying Agent to collect such payments in respect of the Note. The
Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts. 
 The Indenture contains provisions permitting the Company and the Trustee in certain circumstances, without the consent of the holders of the Notes, and in other circumstances, with the consent of the holders of not less than a majority in
aggregate principal amount of the Notes at the time outstanding, evidenced as provided in the Indenture, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or
of any supplemental indenture or modifying in any manner the rights of the holders of the Notes; provided, however, that no such supplemental indenture shall make any of the changes set forth in Section 9.02 of the Indenture,
without the consent of each holder of an outstanding Note affected thereby. It is also provided in the Indenture that, prior to any declaration accelerating the maturity of the Notes, the holders of a majority in aggregate principal amount of the
Notes at the time outstanding may on behalf of the holders of all of the Notes waive any past Default or Event of Default under the Indenture and its consequences except as provided in the Indenture. Any such 

  

 A-8 

 
consent or waiver by the holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such holder and upon all
future holders and owners of this Note and any Notes which may be issued in exchange or substitution hereof, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 
 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, and accrued and unpaid interest on, this Note, at the place, at the respective times, at the rate and in the lawful money herein prescribed. 
 The Notes are issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. At the office or
agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration or exchange of Notes, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations. 
 The Notes are not subject to redemption through the operation of any sinking fund. 
 Upon the occurrence of a Designated Event, the holder has the right, at such holder’s option,
to require the Company to purchase all of such holder’s Notes or any portion thereof (in principal amounts of $1,000 or integral multiples thereof) on the Designated Event Purchase Date at a price equal to one hundred (100%) of the
principal amount of the Notes such holder elects to require the Company to purchase, together with accrued and unpaid interest to but excluding the Designated Event Purchase Date. The Company or, at the written request of the Company, the Trustee
shall mail to all holders of record of the Notes a notice of the occurrence of a Designated Event and of the purchase right arising as a result thereof on or before the tenth (10th) day after the occurrence of any Designated Event. 
 Subject to the provisions of the Indenture, the holder hereof has the right, at its option, on and after February 1, 2015, or earlier upon the occurrence of certain conditions specified in the Indenture and prior to the close of
business on the Trading Day immediately preceding the Maturity Date, to convert any Notes or portion thereof which is $1,000 or an integral multiple thereof, into cash and, if applicable, shares of Common Stock, in each case at the Conversion Rate
specified in the Indenture, as adjusted from time to time as provided in the Indenture, upon surrender of this Note, together with a Notice of Conversion, a form of which is attached to the Note, as provided in the Indenture and this Note, 

  

 A-9 

 
to the Company at the office or agency of the Company maintained for that purpose in Minneapolis, Minnesota, or at the option of such holder, the Corporate
Trust Office, and, unless the shares issuable on conversion are to be issued in the same name as this Note, duly endorsed by, or accompanied by instruments of transfer in form satisfactory to the Company duly executed by, the holder or by his duly
authorized attorney. The initial Conversion Rate shall be 35.6125 shares for each $1,000 principal amount of Notes. No fractional shares of Common Stock will be issued upon any conversion, but an adjustment in cash will be paid to the holder, as
provided in the Indenture, in respect of any fraction of a share which would otherwise be issuable upon the surrender of any Note or Notes for conversion. No adjustment shall be made for dividends or any shares issued upon conversion of such Note
except as provided in the Indenture. 
 Upon due presentment for registration of transfer of this Note at the office or agency of the Company
in Minneapolis, Minnesota, a new Note or Notes of authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange thereof, subject to the limitations provided in the Indenture, without charge except for
any tax, assessments or other governmental charge imposed in connection therewith. 
 The Company, the Trustee, any authenticating agent, any
Paying Agent, any Conversion Agent and any Note Registrar may deem and treat the registered holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing
hereon), for the purpose of receiving payment hereof, or on account hereof, for the conversion hereof and for all other purposes, and neither the Company nor the Trustee nor any other authenticating agent nor any Paying Agent nor any other
Conversion Agent nor any Note Registrar shall be affected by any notice to the contrary. All payments made to or upon the order of such registered holder shall, to the extent of the sum or sums paid, satisfy and discharge liability for monies
payable on this Note. 
 No recourse for the payment of the principal of, or accrued and unpaid interest on, this Note, or for any claim
based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Note, or because of the creation of any Indebtedness
represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer, director or subsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or
any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the
issue hereof, expressly waived and released. 
  

 A-10 

 Terms used in this Note and defined in the Indenture are used herein as therein defined. 
 Customary abbreviations may be used in the name of a holder or an assignee, such as TEN COM (=tenants in common), TENANT (=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). 
  

 A-11 

 [FORM OF CONVERSION NOTICE] 
 To: ADVANCED MICRO DEVICES, INC. 
 The undersigned registered owner of this Note hereby exercises the option
to convert this Note, or the portion hereof (which is $1,000 principal amount or an integral multiple thereof) below designated, into cash and shares of Common Stock, if any, in accordance with the terms of the Indenture referred to in this Note,
and directs that the cash and shares, if any, issuable and deliverable upon such conversion, together with 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 shares 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 transfer taxes payable with respect thereto. Any amount required to
be paid to the undersigned on account of interest accompanies this Note. 
  

									
	Dated:	 	  
	 		 		 	  

		 		 		 		 	Signature(s)
					
		 		 		 		 	  

		 		 		 		 	Signature Guarantee

  

			
	Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee
medallion program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, if shares of Common Stock are to be issued, or Notes to be delivered, other than to and in the name of the registered holder.	  	

					
	Fill in for registration of shares if to be issued, and Notes if to be delivered, other than to and in the name of the registered holder:	 		 	
			
	  
	 		 	 
	 (Name)
	 		 	
			
	  
	 		 	
	(Street Address)	 		 	
			
	  
	 		 	
	 (City, State and Zip Code)
 Please print name and address
	 		 	
		 		 	Principal amount to be converted (if less than all): $         ,000
			
		 		 	  

		 		 	 Social Security or Other
 Taxpayer Identification
Number:

  

 A-2 

 [TO BE ATTACHED TO GLOBAL NOTES] 
 ASSIGNMENT FORM 
  

							
		  	To assign this Note, fill in the form below:	  	
		  	I or we assign and transfer this Note to	  	
		  	  
	  	
		  	(Print or type assignee’s name, address and zip code)	  	

  

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

 and irrevocably appoint
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

									
	  

					
	Date:	 	  
	 		 	Your Signature:	 	  

  

													
	Signature Guarantee:	 	  

													
		  		  	(Signature must be guaranteed)	  		  	

													
	  

													
	Sign exactly as your name appears on the other side of this Note.

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan
associations and credit unions) with membership in an approved signature guarantee medallion program, pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended. 
 In connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior to the date that is two years after the later of the date of original issuance of such Notes and the last
date, if any, on which such Notes were owned by the Company or any Affiliate of the Company, the undersigned confirms that such Notes are being: 

 CHECK ONE BOX BELOW: 
  

							
	  ̈
	 	1	 		  	acquired for the undersigned’s own account, or an account with respect to which the undersigned exercises sole investment discretion, without transfer; or
				
	  ̈
	 	2	 		  	transferred to the Company; or
				
	  ̈
	 	3	 		  	transferred pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or
				
	  ̈
	 	4	 		  	transferred pursuant to and in compliance with Rule 144A under the Securities Act; or
				
	  ̈
	 	5	 		  	transferred pursuant to another available exemption from the registration requirements of the Securities Act.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any Person other than the registered holder thereof; provided, however, that if box (5) is checked, the Trustee or the Company may require, prior to registering any such transfer of the Notes, in their sole
discretion, such legal opinions, certifications and other information as the Trustee or the Company may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933, as amended, such as the exemption provided by Rule 144 under such Act. 
  

			
	 	  	  

	 	  	Signature:

 Signature Guarantee: 
  

			
	  
	  	  

	(Signature must be guaranteed)	  	Signature:

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan
associations and credit unions) with membership in an approved signature guarantee medallion program, pursuant to Rule 17Ad-15 under the Exchange Act. 
 TO
BE COMPLETED BY PURCHASER IF (1) OR (4) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its own
account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the 

 
meaning of Rule 144A under the Securities Act, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received
such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations
in order to claim the exemption from registration provided by Rule 144A. 
  

	
	  

	Dated:

 [FORM OF DESIGNATED EVENT PURCHASE NOTICE] 
  

	To:	Advanced Micro Devices, Inc. 

 The undersigned registered
holder of this Note hereby acknowledges receipt of a notice from Advanced Micro Devices, Inc. (the “Company”) as to the occurrence of a Designated Event with respect to the Company and requests and instructs the Company to purchase this
Note, or the portion thereof (which is $1,000 principal amount or a multiple thereof) designated below, in accordance with the terms of the Indenture referred to in this Note and directs that the check or Common Stock of the Company, as applicable,
in payment for this Note or the portion thereof and any Notes representing any unpurchased principal amount hereof, be issued and delivered to the registered holder hereof unless a different name has been indicated below. If any portion of this Note
not purchased is to be issued in the name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto. 
  

			
	Dated:	  	  

		
		  	  

		  	Signature(s)
		  	The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions) with membership in an approved signature
guarantee medallion program, pursuant to S.E.C. Rule 17Ad-15 under the Exchange Act.
		
		  	  

		  	Signature Guarantee
	
	Fill in if a check is to be issued, or Notes are to be issued, other than to and in the name of registered holder:
		
	  
	  	
	(Name)	  	Principal amount to be purchased
(if less than all): $            ,000
		
	  
	  	
	(Street Address)	  	
		
	  
	  	  

	(City state and zip code)	  	Social Security or Other Taxpayer Number
	Please print name and address	  	

 [TO BE ATTACHED TO GLOBAL NOTES] 
 SCHEDULE OF INCREASES AND DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this
Global Note have been made: 
  

									
	 Date
	  	Amount of decrease
in Principal Amount
of this Global Note	  	Amount of increase
in Principal Amount
of this Global Note	  	Principal Amount of
this Global Note
following such
decrease or increase	  	Signature of
authorized signatory
of Trustee or
CustodianConfirmation Letter of Capped Call

 Exhibit 10.1 
 EXECUTION COPY 
 Opening Transaction – Call 
  

			
	 To:
	 	Advanced Micro Devices, Inc.
		 	One AMD Place
		 	Sunnyvale, California 94088
	Attention:	 	Caye Hursey
	Telephone No.:	 	(408) 749-2489
	Facsimile No.:	 	(408) 774-7010

			
		
	Re:	 	Capped Call Transaction

			
		
	Global ID:	 	3016179

 Dear Sir/Madam: 
 The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the transaction entered into between Lehman Brothers OTC Derivatives Inc.
(“Dealer”), represented by Lehman Brothers Inc. as its agent (“Agent”) and Advanced Micro Devices, Inc., a Delaware corporation (“Counterparty”), on the Trade Date specified below (the
“Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous letter and serve as the final documentation for this
Transaction. The Transaction is subject to early unwind if the closing of the Convertible Notes referred to below issued by Counterparty is not consummated for any reason, as set forth in this Confirmation. Lehman Brothers OTC Derivatives Inc. is
not a member of the Securities Investor Protection Corporation. 
 This Confirmation is subject to, and incorporates, the definitions and
provisions of the 2000 ISDA Definitions (including the Annex thereto) (the “2000 Definitions”) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions,” and
together with the 2000 Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). In the event of any inconsistency between the 2000 Definitions
and the Equity Definitions, the Equity Definitions will govern. Certain defined terms used herein have the meanings assigned to them in the Offering Memorandum dated April 24, 2007 (the “Offering Memorandum”) relating to the
USD 2,000,000,000 principal amount of 6.00% Convertible Senior Notes due 2015 (the “Convertible Notes” and each USD 1,000 principal amount of Convertible Notes, a “Convertible Note”) issued by Counterparty pursuant
to an Indenture to be dated as of April 27, 2007 between Counterparty and Wells Fargo Association, as trustee (as in effect on the date of its execution, the “Indenture”). In the event of any inconsistency between the terms
defined in the Offering Memorandum, the Indenture and this Confirmation, this Confirmation shall govern. The parties acknowledge that this Confirmation is entered into on the date hereof with the understanding that (i) definitions set forth in
the Indenture which are also defined herein by reference to the Indenture and (ii) sections of the Indenture that are referred to herein will conform to the descriptions thereof in the Offering Memorandum. If any such definitions in the
Indenture or any such sections of the Indenture differ from the descriptions thereof in the Offering Memorandum, the descriptions thereof in the Offering Memorandum will govern for purposes of this Confirmation. The parties further acknowledge that
the Indenture section numbers used herein are based on the draft of the Indenture last reviewed by Dealer as of the date of this Confirmation, and if any such section numbers are changed in the Indenture as executed, the parties will amend this
Confirmation in good faith to preserve the intent of the parties. For the avoidance of doubt, references to the Indenture herein are references to the Indenture as in effect on the date of its execution and if the Indenture is amended following its
execution, any such amendment will be disregarded for purposes of this Confirmation unless the parties agree otherwise in writing. 

 Each party is hereby advised, and each such party acknowledges, that the other party has engaged in, or
refrained from engaging in, substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the Transaction to which this Confirmation relates on the terms and conditions set forth below.

 1. This Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to
which this Confirmation relates. This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Dealer and Counterparty had executed an
agreement in such form (without any Schedule but with the elections set forth in this Confirmation). For the avoidance of doubt, the Transaction shall be the only transaction under the Agreement. 
 All provisions contained in, or incorporated by reference to, the Agreement will govern this Confirmation except as expressly modified herein. In the
event of any inconsistency between this Confirmation and either the Definitions or the Agreement, this Confirmation shall govern. 
 2. The
Transaction constitutes a Share Option Transaction for purposes of the Equity Definitions. The terms of the particular Transaction to which this Confirmation relates are as follows: 
 General Terms: 
  

			
		
	 Trade Date:
	 	April 24, 2007
		
	 Option Style:
	 	“Modified American,” as set forth under “Procedures for Exercise” below.
		
	 Option Type:
	 	Call
		
	 Buyer:
	 	Counterparty
		
	 Seller:
	 	Dealer
		
	 Shares:
	 	The common stock of Counterparty, par value USD 0.01 per share (Exchange symbol “AMD”).
		
	 Number of Options:
	 	2,000,000; provided that if Morgan Stanley & Co. Incorporated, as representative of the Initial Purchasers (as defined in the Purchase Agreement referred to below), exercises the
option to purchase additional Convertible Notes pursuant to Section 2 of the Purchase Agreement, the Number of Options hereunder shall be automatically increased, effective upon payment by Counterparty of the Additional Premium on the Additional
Premium Payment Date, by the Applicable Percentage times the number of Convertible Notes in denominations of USD 1,000 principal amount issued pursuant to such exercise (such Convertible Notes, the “Additional Convertible
Notes”). The Number of Options shall be reduced by the Applicable Percentage times the number of Convertible Notes converted by Counterparty. In no event will the Number of Options be less than zero.
		
	 Option Entitlement:
	 	As of any date, a number equal to the Conversion Rate as of such date (as defined in the Indenture), for each Convertible Note.
		
	 Number of Shares:
	 	The product of the Number of Options and the Option Entitlement.

  

 2 

			
		
	Applicable Percentage:	 	100%
		
	Strike Price:	 	USD 28.08 per Option
		
	Cap Price:	 	USD 42.12 per Option
		
	Premium:	 	USD 165,400,000; provided that if the Number of Options is increased pursuant to the proviso to the definition of “Number of Options” above, Counterparty shall pay on the
Additional Premium Payment Date an additional Premium (the “Additional Premium”) equal to the product of the number of Options by which the Number of Options is so increased and USD 82.70.
		
	Premium Payment Date:	 	April 27, 2007
		
	Additional Premium Payment Date:	 	The closing date for the purchase and sale of the Additional Convertible Notes.
		
	Exchange:	 	New York Stock Exchange
		
	Related Exchange:	 	All Exchanges

			
	
	Procedures for Exercise:

			
		
	Exercise Period(s):	 	Notwithstanding anything to the contrary in the Equity Definitions, an Exercise Period shall occur with respect to an Option hereunder only if such Option is an Exercisable Option (as defined
below) and the Exercise Period shall be, in respect of such Exercisable Option, the period commencing on, and including, the relevant Conversion Date and ending on, and including, the Final Expiration Date.
		
	Conversion Date:	 	As defined in the Indenture.
		
	Exercisable Options:	 	Upon the occurrence of a Conversion Date, a number of Options equal to the Applicable Percentage times the number of Convertible Notes converted on such Conversion Date shall become
Exercisable Options hereunder; provided that Convertible Notes surrendered for conversion prior to the 32nd Scheduled Trading Day prior to May 1, 2015 shall not cause any Options hereunder to become Exercisable Options and, in lieu thereof,
Section 9(n) shall apply.
		
	Expiration Time:	 	The Valuation Time
		
	Final Conversion Date:	 	April 30, 2015
		
	Final Expiration Date:	 	The earlier of (x) the last day on which any Convertible Notes remain outstanding and (y) 5:00 p.m., New York City time, on the Final Conversion Date, subject to earlier
exercise.
		
	Multiple Exercise:	 	Applicable, as described under Exercisable Options above.
		
	Automatic Exercise:	 	Applicable. For the avoidance of doubt, Exercisable Options for which the related Conversion Date occurs on

  

 3 

			
		
		 	or after the 32nd Scheduled Trading Day prior to May 1, 2015 shall be subject to Automatic Exercise.
		
	Observation Period:	 	The first 30 Trading Days beginning on and including the 32nd Scheduled Trading Day prior to May 1, 2015.
		
	Trading Day:	 	As defined in the Indenture.
		
	Business Day:	 	As defined in the Indenture.
		
	Valuation Time:	 	At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation
Time in a commercially reasonable manner.
		
	Market Disruption Event:	 	Notwithstanding anything to the contrary in the Equity Definitions, as defined in the Indenture.

			
	
	Settlement Terms:

			
		
	Settlement Method:	 	Net Share Settlement
		
	Net Share Settlement:	 	Dealer will deliver to Counterparty, on the relevant Settlement Date, a number of Shares (the “Net Share Settlement Obligation”) equal to the Net Shares in respect of any
Exercisable Option exercised or deemed exercised hereunder. In no event will the Net Shares be less than zero.
		
	Net Shares:	 	In respect of any Exercisable Option exercised or deemed exercised, a number of Shares equal to the product of (i) the Option Entitlement multiplied by (ii) 1/30th of the sum of the quotients, for each Trading Day during the Observation Period, of (A) (1) the amount by which the Cap Price
exceeds the Strike Price, if the Relevant Price on such Trading Day is equal to or greater than the Cap Price; (2) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less
than the Cap Price or (3) zero, if such Relevant Price is less than or equal to the Strike Price; divided by (B) such Relevant Price.
		
		 	Dealer will deliver cash in lieu of any fractional Shares to be delivered with respect to any Net Shares, calculated as set forth in Section 13.02(k) of the Indenture.
		
	Settlement Date:	 	For any Exercisable Option, the date Shares will be delivered with respect to the Convertible Notes related to such Exercisable Options, under the terms of the Indenture.

  

 4 

			
	 Other Applicable Provisions
 in Respect of Net Share Settlement:
	 	The provisions of Sections 9.1(c), 9.8, 9.9, 9.11, 9.12 and 10.5 of the Equity Definitions will be applicable, except that all references in such provisions to “Physically-settled”
shall be read as references to “Net Share Settled.” “Net Share Settled” in relation to any Option means that Net Share Settlement is applicable to that Option.
		
	Scheduled Trading Day:	 	As defined in the Indenture.
		
	Relevant Price:	 	On any Trading Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “AMD <equity> AQR” (or its
equivalent successor if such page is unavailable) in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time of the Exchange on such Trading Day (or if such volume-weighted average price is unavailable,
the market value of one Share on such Trading Day, as determined in a commercially reasonable manner using a volume-weighted average method, by the Calculation Agent).
		
	Settlement Currency:	 	USD

 3. Additional Terms Applicable to the Transaction: 
 Adjustments Applicable to the Transaction: 
  

			
		
	Potential Adjustment Events:	 	Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means an occurrence of any event or condition, as set forth in Section 13.04 of the
Indenture, that would result in an adjustment to the Conversion Rate of the Convertible Notes.
		
	Method of Adjustment:	 	Calculation Agent Adjustment, which means, notwithstanding anything to the contrary in the Equity Definitions, upon any adjustment to the Conversion Rate of the Convertible Notes pursuant to
the Indenture (i) the Calculation Agent shall make a corresponding adjustment to any of the Strike Price, Number of Options and the Option Entitlement and (ii) the Calculation Agent may, in its sole discretion, make any adjustment consistent with
the Calculation Agent Adjustment set forth in Section 11.2(c) of the Equity Definitions to the Cap Price or any other variable relevant to the exercise, settlement or payment for the Transaction (other than the Strike Price) to preserve the fair
value of the Options to Dealer after taking into account such Potential Adjustment Event; provided further that in no event shall the Cap Price be less than the Strike Price.

  

 5 

 Extraordinary Events: 
  

			
		
	Merger Events:	 	Notwithstanding Section 12.1(b) of the Equity Definitions, a “Merger Event” means the occurrence of any event or condition described in Section 13.06 of the Indenture.
		
	Tender Offers:	 	Applicable; provided that notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer” means the occurrence of any event or condition set forth in clause (1) of
the definition of “Fundamental Change” under Section 1.01 of the Indenture.
		
	Consequence of Merger Events/	 	
		
	Tender Offers:	 	Notwithstanding Sections 12.2 and 12.3 of the Equity Definitions, upon the occurrence of a Merger Event or a Tender Offer:
		
		 	(i) the Calculation Agent shall make a corresponding adjustment in respect of any adjustment under the Indenture to any one or more of the nature of the Shares, Strike Price, Number of Options
and the Option Entitlement; and
		
		 	(ii) the Calculation Agent may, in its sole discretion, make any adjustment consistent with the Modified Calculation Agent Adjustment set forth in Section 12.2(e) or 12.3(d) of the Equity
Definitions, as applicable, to the Cap Price or any other variable relevant to the exercise, settlement or payment for the Transaction (other than the Strike Price); provided that in no event shall the Cap Price be less than the Strike
Price;
		
		 	provided that, with respect to a Merger Event, if the consideration for the Shares includes (or, at the option of a holder of Shares, may include) shares of an entity or person not
organized under the laws of the United States, any State thereof or the District of Columbia, Cancellation and Payment (Calculation Agent Determination) shall apply.
		
	Nationalization, Insolvency or Delisting:	 	Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a
Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the American Stock Exchange, the NASDAQ Global Select Market or the NASDAQ Global
Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the American Stock Exchange, the NASDAQ Global Select Market or the NASDAQ Global Market

  

 6 

			
		
		 	(or their respective successors), such exchange or quotation system shall thereafter be deemed to be the Exchange.
		
	Additional Disruption Events:	 	
		
	Change in Law:	 	Applicable
		
	Failure to Deliver	 	Applicable
		
	Determining Party:	 	For all applicable Additional Disruption Events, Dealer.
		
	Non-Reliance:	 	Applicable
		
	 Agreements and Acknowledgements
 Regarding
Hedging Activities:
	 	Applicable
		
	Additional Acknowledgments:	 	Applicable
		
	Additional Termination Events:	 	If any event of default resulting in acceleration under the terms of the Convertible Notes, as set forth in Section 5.01 of the Indenture, shall occur with respect to Counterparty, then such
event shall constitute an Additional Termination Event applicable to the Transaction with respect to which Counterparty shall be deemed to be the sole Affected Party and the Transaction shall be the sole Affected Transaction.
		
		 	If any provision of the Indenture or the Convertible Notes is amended, modified, supplemented or waived without the written consent of Dealer, Counterparty shall provide Dealer and the
Calculation Agent with notice thereof on or prior to the effective date thereof and, if the Calculation Agent determines that such amendment, modification, supplement or waiver has a material effect on the Transaction or Dealer’s ability to
hedge all or a portion (“Affected Portion”) of the Transaction, in each case determined in its reasonable judgment, then such event (an “Amendment Event”) shall constitute an Additional Termination Event, in which
case (x) the sole Affected Transaction shall consist of a transaction identical to the Transaction except that Number of Options for such Affected Transaction shall equal the Affected Portion and Counterparty shall be deemed the sole Affected Party
and (y) the Transaction shall remain in full force and effect, except that the Number of Options subject to the Transaction immediately prior to such amendment, modification, supplement or waiver shall be reduced by the Affected
Portion.
		
		 	If any Convertible Notes are repurchased (whether in connection with a put of Convertible Notes by holders thereof pursuant to the terms of the Indenture as a result of a fundamental change,
howsoever defined, or for any other reason) by Counterparty or any of its subsidiaries or if Counterparty gives notice to Dealer that it intends to repurchase any Convertible Notes, then Counterparty may notify Dealer that it wishes to designate an
Early Termination Date with respect to the portion of the Transaction relating to the number of Convertible Notes

  

 7 

			
		
		 	that cease to be outstanding in connection with or as a result of such repurchase and the parties shall negotiate in good faith and in a commercially reasonable manner the timing, pricing and
other terms of such designation. For the avoidance of doubt, no such designation shall be made if, after such negotiation, the parties cannot agree on the terms of such designation.
		
		 	With respect to any Additional Termination Event described above, in determining the amount payable in respect of such Affected Transaction pursuant to Section 6 of the Agreement, the
Calculation Agent shall assume that (x) the relevant event of default, amendment, modification, supplement, waiver or repurchase, as applicable, had not occurred, (y) the corresponding Convertible Notes remain outstanding and
(z) notwithstanding anything to the contrary in this Confirmation or the Indenture, the Conversion Rate was not adjusted pursuant to Section 13.01(e) of the Indenture.

 4. Calculation Agent: Dealer 
 5. Account Details: 
  

			
	(a) Account for payments to Counterparty:	 	To be provided by Counterparty
		
	(b) Account for payments to Dealer:	 	To be provided by Dealer.

 6. Offices: 
  

	
	The Office of Counterparty for the Transaction is: Inapplicable
	
	The Office of Dealer for the Transaction is:

  

			
	 Lehman Brothers OTC Derivatives Inc.
	 	
	 745 Seventh Avenue
	 	
	 New York, NY 10019
	 	

 7. Notices: For purposes of this Confirmation: 
  

					
	(a)	  		  	Address for notices or communications to Counterparty:
			
		  	To:	  	Advanced Micro Devices, Inc.
		  		  	One AMD Place M/S 68
		  		  	P.O Box 3453
		  		  	Sunnyvale, CA 94088
		  		  	Attention: General Counsel
		  		  	T: (408) 749-4000
		  		  	Fax (408) 773-7002

  

					
	(b)	  		  	Address for notices or communications to Dealer:
			
		  	To:	  	Lehman Brothers Inc., acting as Agent
		  		  	Lehman Brothers OTC Derivatives Inc., acting as Principal
		  		  	745 Seventh Avenue
		  		  	New York, NY 10019

  

 8 

					
		  		  	Attention: Andrew Yare – Transaction Management Group
		  		  	Telephone: (212) 526-9986
		  		  	Facsimile: (646) 885-9546
		
		  	With a copy to:
		  		  	Lehman Brothers Inc., acting as Agent
		  		  	Lehman Brothers OTC Derivatives Inc., acting as Principal
		  		  	745 Seventh Avenue
		  		  	New York, NY 10019
		  		  	Attention: Steve Roti – US Equity Linked
		  		  	Telephone: (212) 526-0055
		  		  	Facsimile: (917) 552-0561

 8. Representations, Warranties and Agreements of Counterparty: 
 The representations and warranties of Counterparty set forth in Section 3 of the Agreement and Section 1 of the Purchase Agreement dated as of
April 24, 2007 between Counterparty and Morgan Stanley & Co. Incorporated, as representative of the initial purchasers party thereto (the “Purchase Agreement”) are true and correct as of the dates made therein and as
of any Additional Premium Payment Date, and are hereby deemed to be repeated on such dates to Dealer as if set forth herein. In addition to the representations and warranties in the Purchase Agreement, the Agreement and those contained elsewhere
herein, Counterparty represents and warrants to and for the benefit of, and agrees with, Dealer as follows: 
  

	 	(a)	Counterparty is not, and after giving effect to the transactions contemplated hereby will not be, an “investment company” as such term is defined in the Investment Company
Act of 1940, as amended. 

  

	 	(b)	Counterparty is an “eligible contract participant” (as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended (the “CEA”)
because one or more of the following is true: 

 It is a corporation, partnership, proprietorship, organization, trust or other
entity and: 
  

	 	(A)	it has total assets in excess of USD 10,000,000; 

  

	 	(B)	its obligations hereunder are guaranteed, or otherwise supported by a letter of credit or keepwell, support or other agreement, by an entity of the type described in
Section 1a(12)(A)(i) through (iv), 1a(12)(A)(v)(I), 1a(12)(A)(vii) or 1a(12)(C) of the CEA; or 

  

	 	(C)	it has a net worth in excess of USD 1,000,000 and has entered into this Agreement in connection with the conduct of its business or to manage the risk associated with an asset or
liability owned or incurred or reasonably likely to be owned or incurred by it in the conduct of its business. 

  

	 	(c)	 On the Trade Date and on any Additional Premium Payment Date, (A) Counterparty is not aware of any material nonpublic information regarding Counterparty or the
Shares and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the Exchange Act when considered as a whole (with the more recent such reports and documents deemed to amend
inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or 

  

 9 

	 	 
necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading. 

  

	 	(d)	Without limiting the generality of Section 3(a)(iii) of the Agreement, the Transaction will not violate Rule 13e-1 or Rule 13e-4 under the Exchange Act.

  

	 	(e)	Counterparty is an “accredited investor” (as such term is defined in Section 2(a)(15)(ii) of the Securities Act). 

  

	 	(f)	On the Trade Date and on any Additional Premium Payment Date (A) the assets of Counterparty at their fair valuation exceed the liabilities of Counterparty, including contingent
liabilities, (B) the capital of Counterparty is adequate to conduct the business of Counterparty and (C) Counterparty has the ability to pay its debts and obligations as such debts mature and does not intend to, or does not believe that it
will, incur debt beyond its ability to pay as such debts mature. 

  

	 	(g)	Counterparty hereby agrees and acknowledges that the Transaction has not been registered with the Securities and Exchange Commission or any state securities commission and that the
Options are being written by Dealer to Counterparty in reliance upon exemptions from any such registration requirements. Counterparty acknowledges that all Options acquired from Dealer will be acquired for investment purposes only and not for the
purpose of resale or other transfer except in compliance with the requirements of the Securities Act. Counterparty will not sell or otherwise transfer any Option or any interest therein except in compliance with the requirements of the Securities
Act and any subsequent offer or sale of the Options will be solely for Counterparty’s account and not as part of a distribution that would be in violation of the Securities Act. 

  

	 	(h)	Counterparty understands no obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that such obligations will not be guaranteed by any
affiliate of Dealer or any governmental agency. 

  

	 	(i)	Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer is not making any representations or warranties with respect to
the treatment of the Transaction under FASB Statements 133, as amended, or 150, EITF Issue No. 00-19 (or any successor issue statements) or under FASB’s Liabilities & Equity Project. 

  

	 	(j)	 Each party makes to the other the representations and warranties set forth in Sections 3(a) through 3(f) of the Agreement with respect to the Agreement as
supplemented by this Confirmation; provided that Dealer makes the representation and warranty set forth in Section 3(e) and Counterparty makes the representation and warranty set forth in Section 3(f). In addition, each of Dealer
and Counterparty acknowledges that the offer and sale of the Transaction is intended to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(2) thereof.
Accordingly, Counterparty represents and warrants to Dealer that (i) it has the financial ability to bear the economic risk of its investment in the Transaction and is able to bear a total loss of its investment and its investments in and
liabilities in respect of the Transaction, which it understands are not readily marketable, are not disproportionate to its net worth, and it is able to bear any loss in connection with the Transaction, including the loss of its entire investment in
the Transaction, (ii) it is an “accredited investor” as that term is defined in Regulation D as promulgated under the Securities Act, (iii) it is entering into the Transaction for its own account and without a view to the
distribution or resale thereof, (iv) the assignment, transfer or other disposition of the Transaction has not been and will not be registered under the Securities Act and is restricted under this Confirmation, the Securities Act and state
securities laws, and (v) its financial condition is such that it has no need for liquidity with respect to its investment in the Transaction and no need to 

  

 10 

	 	 
dispose of any portion thereof to satisfy any existing or contemplated undertaking or indebtedness and is capable of assessing the merits of and
understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of the Transaction. 

  

	 	9.	Other Provisions: 

  

	 	(a)	Opinions. Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Trade Date and reasonably acceptable to Dealer in form and substance, with respect to
the matters set forth in Section 3(a) of the Agreement and Section 8(a) of this Confirmation. 

  

	 	(b)	Repurchase Notices. Counterparty shall, at least 5 Scheduled Trading Days prior to any day on which it effects any repurchase of Shares, give Dealer a written notice of such
repurchase (a “Repurchase Notice”) if, following such repurchase, the Notice Percentage as determined on such day is (i) greater than 8% and (ii) greater by 0.5% than the Notice Percentage included in the immediately
preceding Repurchase Notice (or, in the case of the first such Repurchase Notice, greater than the Notice Percentage as of the date hereof). The “Notice Percentage” as of any day is the fraction, expressed as a percentage, the
numerator of which is the Number of Shares and the denominator of which is the number of Shares outstanding on such day. In the event that Counterparty fails to provide Dealer with a Repurchase Notice on the day and in the manner specified in this
Section 9(b) then Counterparty agrees to indemnify and hold harmless Dealer, its affiliates and their respective directors, officers, employees, agents and controlling persons (Dealer and each such person being an “Indemnified
Person”) from and against any and all losses (including losses relating to Dealer’s hedging activities as a consequence of becoming, or of the risk of becoming, a Section 16 “insider,” including without limitation any
forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith with respect to this Transaction), claims, damages and liabilities (or actions in respect thereof), joint or several, to which such
Indemnified Person may become subject, including without limitation, Section 16 of the Exchange Act), relating to or arising out of such failure. If for any reason the foregoing indemnification is unavailable to any Indemnified Person or
insufficient to hold harmless any Indemnified Person, then Counterparty shall contribute, to the maximum extent permitted by law, to the amount paid or payable by the Indemnified Person as a result of such loss, claim, damage or liability. In
addition, Counterparty will reimburse any Indemnified Person for all expenses (including reasonable counsel fees and expenses) as they are incurred (after notice to Counterparty) in connection with the investigation of, preparation for or defense or
settlement of any pending or threatened claim or any action, suit or proceeding (including any governmental or regulatory investigation) arising therefrom, whether or not such Indemnified Person is a party thereto and whether or not such claim,
action, suit or proceeding is initiated or brought by or on behalf of Counterparty. This indemnity shall survive the completion of the Transaction contemplated by this Confirmation and any assignment and delegation of the Transaction made pursuant
to this Confirmation or the Agreement shall inure to the benefit of any permitted assignee of Dealer. 

  

	 	(c)	 Conversion Rate Adjustments. Counterparty shall provide to Dealer written notice (such notice, a “Conversion Rate Adjustment Event Notice”)
at least ten Scheduled Trading Days prior to consummating or otherwise executing or engaging in any transaction or event (a “Conversion Rate Adjustment Event”) that would lead to a change in the Conversion Rate (as such term is
defined in the Indenture). Upon such Conversion Rate Adjustment Event becoming effective, Counterparty shall, on the day such Conversion Rate Adjustment Event becomes effective or as soon as practicable thereafter, provide to Dealer written notice
(such notice, a “Conversion Rate Adjustment Notice”) setting forth the new, adjusted Conversion Rate (the “New Conversion Rate”). In connection with the delivery of any Conversion Rate Adjustment Event Notice to
Dealer, Counterparty shall, (x) concurrently with or prior to such delivery, publicly announce and disclose the Conversion Rate Adjustment Event or (y) concurrently with such delivery, represent and warrant that the information set forth
in such 

  

 11 

	 	 
Conversion Rate Adjustment Event Notice does not constitute material non-public information with respect to Counterparty or the Shares. In connection with
the delivery of any Conversion Rate Adjustment Notice to Dealer, Counterparty shall, concurrently with or prior to such delivery, publicly announce and disclose the New Conversion Rate. 

  

	 	(d)	Regulation M. Counterparty was not on the Trade Date engaged in a distribution, as such term is used in Regulation M under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), of any securities of Counterparty, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10) and 102(b)(7) of Regulation M. Counterparty shall not, until the second
Scheduled Trading Day immediately following the Trade Date, and on any Additional Premium Payment Date engage in any such distribution. 

  

	 	(e)	No Manipulation. Counterparty is not entering into the Transaction to create actual or apparent trading activity in the Shares (or any security convertible into or
exchangeable for the Shares) or to raise or depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise in violation of the Exchange Act. 

  

	 	(f)	Rule 10b-18. During the period beginning on the Trade Date and ending on any Additional Premium Payment Date, or if no such Additional Premium Payment Date has occurred, on
the last date on which Morgan Stanley & Co. Incorporated, as representative of the Initial Purchasers, may exercise the over-allotment option set forth in the Purchase Agreement, neither Counterparty nor any “affiliate” or
“affiliated purchaser” (each as defined in Rule 10b-18 of the Exchange Act (“Rule 10b-18”)) shall directly or indirectly (including, without limitation, by means of any cash-settled or other derivative instrument)
purchase, offer to purchase, place any bid or limit order that would effect a purchase of, or commence any tender offer relating to, any Shares (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or
a depository share) or any security convertible into or exchangeable or exercisable for Shares, unless Dealer, in its sole discretion, consents to any such transaction or activity. 

  

	 	(g)	Number of Repurchased Shares. Counterparty represents that it could have purchased a number of Shares equal to (i) the product of the Number of Options, Option
Entitlement and the amount by which the Cap Price exceeds the Strike Price, divided by (ii) the Cap Price, on the Exchange or otherwise, in compliance with applicable law, its organizational documents and any orders, decrees and contractual
agreements binding upon Counterparty, on the Trade Date. 

  

	 	(h)	Board Authorization. Each of this Transaction and the issuance of the Convertible Notes was approved by Counterparty’s board of directors and publicly announced, solely
for the purposes stated in such board resolution and public disclosure and, prior to any exercise of Options hereunder, Counterparty’s board of directors will have duly authorized any repurchase of Shares pursuant to this Transaction.
Counterparty further represents that there is no internal policy, whether written or oral, of Counterparty that would prohibit Counterparty from entering into any aspect of this Transaction, including, but not limited to, the purchases of Shares to
be made pursuant hereto. 

  

	 	(i)	 Transfer or Assignment. Dealer may transfer or assign its rights and obligations hereunder and under the Agreement, in whole or in part, to any of its
affiliates without the consent of Counterparty. If at any time at which the Equity Percentage exceeds 8%, Dealer, in its discretion, (i) shall have the right to transfer or assign its rights and obligations hereunder and under the Agreement, in
whole or in part, to any third party and (ii), if Dealer is unable to effect a transfer or assignment to a third party after its commercially reasonable efforts on pricing terms reasonably acceptable to Dealer such that the Equity Percentage is
reduced to 8% or less, Dealer may designate any Scheduled Trading Day as an Early Termination Date with respect to a portion (the “Terminated Portion”) of the Transaction, such that the Equity 

  

 12 

	 	 
Percentage following such partial termination will be equal to or less than 8%. In the event that Dealer so designates an Early Termination Date with respect
to a portion of the Transaction, a payment or delivery shall be made pursuant to Section 6 of the Agreement as if (i) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Terminated
Portion of the Transaction, (ii) Counterparty shall be the sole Affected Party with respect to such partial termination and (iii) such portion of the Transaction shall be the only Terminated Transaction. The “Equity
Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the sum of the number of Shares that Dealer and its affiliates beneficially own (within the meaning of Section 13 of the Exchange
Act) on such day, other than Shares owned as a hedge of the Transaction, and the Number of Shares and (B) the denominator of which is the number of Shares outstanding on such day. Counterparty may not transfer or assign its rights and
obligations hereunder and under the Agreement, in whole or in part, without the consent of Dealer. 

  

	 	(j)	Staggered Settlement. If, due to operational requirements or upon advice of counsel with respect to applicable legal and regulatory requirements, including any requirements
relating to Dealer’s hedging activities hereunder, Dealer reasonably determines that it would not be practicable or advisable to deliver, or to acquire Shares to deliver, any or all of the Shares to be delivered by Dealer on the Settlement Date
for the Transaction, Dealer may by notice to Counterparty prior to the Settlement Date (the “Nominal Settlement Date”), elect to deliver the Shares on two or more dates (each, a “Staggered Settlement Date”) or at
two or more times on or prior to the Nominal Settlement Date as follows: 

 (i) in such notice, Dealer will
specify to Counterparty the related Staggered Settlement Dates (each of which will be on or prior to such Nominal Settlement Date) or delivery times and how it will allocate the Shares it is otherwise required to deliver on such Settlement Date
among the Staggered Settlement Dates or delivery times; and 
 (ii) the aggregate number of Shares that Dealer will deliver
to Counterparty hereunder on all such Staggered Settlement Dates and delivery times will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date. 
  

	 	(k)	Early Unwind. In the event the sale by Counterparty of the Convertible Notes is not consummated with the initial purchasers pursuant to the Purchase Agreement for any reason
by the close of business in New York on April 27, 2007 (or such later date as agreed upon by the parties) (April 27, 2007, or such later date being the “Early Unwind Date”), the Transaction shall automatically terminate (the
“Early Unwind”), on the Early Unwind Date and (i) the Transaction and all of the respective rights and obligations of Dealer and Counterparty thereunder shall be cancelled and terminated and (ii) if the sale of Convertible
Notes is not consummated with the initial purchasers for any reason other than as a result of breach of the Purchase Agreement by any initial purchaser, Counterparty shall pay to Dealer an amount in cash equal to the aggregate amount of costs and
expenses relating to the unwinding of Dealer’s hedging activities in respect of the Transaction (including market losses incurred in reselling any Shares purchased by Dealer or its affiliates in connection with such hedging activities).
Following such termination, cancellation and payment, each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any obligations or liabilities of either party arising
out of and to be performed in connection with the Transaction either prior to or after the Early Unwind Date. Dealer and Counterparty represent and acknowledge to the other that upon an Early Unwind and following the payment referred to above, all
obligations with respect to the Transaction shall be deemed fully and finally discharged. For the avoidance of doubt, this Section 9(k) shall become effective as of the Trade Date and shall remain in effect whether or not the Effective Date of
the Transaction occurs. 

  

	 	(l)	 Role of Agent. Each party agrees and acknowledges that Agent is acting as agent for both parties but does not guarantee the performance of either party and
neither Dealer nor 

  

 13 

	 	 
Counterparty shall contact the other with respect to any matter relating to the Transaction without the direct involvement of Agent; (ii) Agent is not a
member of the Securities Investor Protection Corporation; (iii) Agent, Dealer and Counterparty each hereby acknowledges that any transactions by Dealer or Agent in the Shares will be undertaken by Dealer or Agent, as the case may, as principal
for its own account; and (iv) all of the actions to be taken by Dealer and Agent in connection with the Transaction, including but not limited to any exercise of any rights with respect to the Options, shall be taken by Dealer or Agent
independently and without any advance or subsequent consultation with Counterparty; and (iv) Agent is hereby authorized to act as agent for Counterparty only to the extent required to satisfy the requirements of Rule 15a-6 under the Exchange
Act in respect of the Options described hereunder. 

  

	 	(m)	Additional Provisions. The following amendment shall be made to the Equity Definitions and to the Agreement: Section 12.6(a)(ii) of the Equity Definitions is hereby
amended by (1) inserting “(x)” after the word “means” in the first line thereof and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (y), if
Dealer so elects, the occurrence of any of the events specified in Section 5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that Issuer.” 

  

	 	(n)	Additional Termination Events. Notwithstanding anything to the contrary in this Confirmation, upon the occurrence of a Conversion Date for any Convertible Notes prior to the
32nd Scheduled Trading Day prior to May 1, 2015 (an “Early Conversion”): 

  

	 	(i)	Counterparty shall within two Scheduled Trading Days of the relevant Conversion Date provide written notice (an “Unwind Conversion Notice”) to Dealer specifying the
number of Convertible Notes converted on such Conversion Date and identifying the related conversions as Early Conversions; 

  

	 	(ii)	such Early Conversion shall constitute an Additional Termination Event hereunder with respect to a number of Options equal to the Applicable Percentage times the number of
Convertible Notes surrendered for conversion in connection with such Early Conversion (the “Affected Number of Options”), in which case (x) the sole Affected Transaction shall consist of a transaction identical to the
Transaction except that Number of Options for such Affected Transaction shall equal the Affected Number of Options and Counterparty shall be deemed the sole Affected Party and (y) the Transaction shall remain in full force and effect, except
that the Number of Options subject to the Transaction immediately prior to the Conversion Date for such Early Conversion shall as of such Conversion Date be reduced by the Affected Number of Options; 

  

	 	(iii)	notwithstanding anything to the contrary in the Agreement, Dealer shall designate an Early Termination Date in respect of such Affected Transaction, which shall be no earlier than
one Scheduled Trading Day following the Conversion Date for the related Early Conversion; and 

  

	 	(iv)	in determining the amount payable in respect of such Affected Transaction pursuant to Section 6 of the Agreement, the Calculation Agent shall assume that (x) the relevant
Early Conversion had not occurred, (y) the corresponding Convertible Notes remain outstanding and (z) notwithstanding anything to the contrary in this Confirmation or the Indenture, the Conversion Rate was not adjusted pursuant to
Section 13.01(e) of the Indenture. 

  

	 	(o)	 Disclosure. Effective from the date of commencement of discussions concerning the Transaction, Counterparty and each of its employees, representatives, or
other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax 

  

 14 

	 	 
structure of the Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty relating to such tax
treatment and tax structure. 

  

	 	(p)	Securities Contract; Swap Agreement. Each of Dealer and Counterparty agrees and acknowledges that Dealer is a “swap participant” and “financial
participant” within the meaning of Sections 101(22), 101(53C) and 101(22A) of Title 11 of the United States Code (the “Bankruptcy Code”). The parties hereto further agree and acknowledge (A) that this Confirmation is
(i) a “securities contract,” as such term is defined in Section 741(7) of the Bankruptcy Code, with respect to which each payment and delivery hereunder is a “settlement payment,” as such term is defined in
Section 741(8) of the Bankruptcy Code, and (ii) a “swap agreement,” as such term is defined in Section 101(53B) of the Bankruptcy Code, with respect to which each payment and delivery hereunder is a “transfer,” as
such term is defined in Section 101(54) of the Bankruptcy Code, and (B) that Dealer is entitled to the protections afforded by, among other sections, Section 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code.

  

	 	(q)	Governing Law. New York law. 

  

	 	(r)	Waiver of Jury Trial. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any suit, action or
proceeding relating to this Transaction. Each party (i) certifies that no representative, agent or attorney of either party has represented, expressly or otherwise, that such other party would not, in the event of such a suit, action or
proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into this Transaction, as applicable, by, among other things, the mutual waivers and certifications provided herein.

  

	 	(s)	Right to Extend. Dealer may postpone any Exercise Date or any other date of valuation or delivery by Dealer, with respect to some or all of the relevant Options (in which
event the Calculation Agent shall make appropriate adjustments to the number of Net Shares to be Delivered), if Dealer determines, based upon advice of counsel, that such extension is reasonably necessary or appropriate to preserve Dealer’s
hedging or hedge unwind activity hereunder in light of existing liquidity conditions or to enable Dealer to effect purchases of Shares in connection with its hedging, hedge unwind or settlement activity hereunder in each case in a manner that would,
if Dealer were Counterparty or an affiliated purchaser of Counterparty, be in compliance with applicable legal, regulatory or self-regulatory requirements, or with related policies and procedures applicable to Dealer. 

  

	 	(t)	 Registration. Counterparty hereby agrees that if, in the good faith reasonable judgment of Dealer, the Shares (the “Hedge Shares”) acquired
by Dealer for the purpose of hedging its obligations pursuant to the Transaction cannot be sold in the U.S. public market by Dealer without registration under the Securities Act, Counterparty shall, at its election: (i) in order to allow Dealer
to sell the Hedge Shares in a registered offering, make available to Dealer an effective registration statement under the Securities Act to cover the resale of such Hedge Shares and (A) enter into an agreement, in form and substance
satisfactory to Dealer, substantially in the form of an underwriting agreement for a registered offering, (B) provide accountant’s “comfort” letters in customary form for registered offerings of equity securities,
(C) provide disclosure opinions of nationally recognized outside counsel to Counterparty customary in form for registered offerings of equity securities, (D) provide other customary opinions, certificates and closing documents customary in
form for registered offerings of equity securities and (E) afford Dealer a reasonable opportunity to conduct a “due diligence” investigation with respect to Counterparty customary in scope for underwritten offerings of equity
securities; provided, however, that if Dealer, in its sole reasonable discretion, is not satisfied with access to due diligence materials, the results of its due diligence investigation, or the procedures and documentation for the registered
offering referred to above, then clause (ii) or clause (iii) of this Section 9(t) shall apply at the election of Counterparty; (ii) in order to allow Dealer to sell the Hedge Shares in a private placement, enter into a private
placement 

  

 15 

	 	 
agreement substantially similar to private placement purchase agreements customary for private placements of equity securities, in form and substance
satisfactory to Dealer, including customary representations, covenants, blue sky and other governmental filings and/or registrations, indemnities to Dealer, due diligence rights (for Dealer or any designated buyer of the Hedge Shares from Dealer),
opinions and certificates and such other documentation as is customary for private placements agreements, all reasonably acceptable to Dealer (in which case, the Calculation Agent shall make any adjustments to the terms of the Transaction that are
necessary, in its reasonable judgment, to compensate Dealer for any discount from the public market price of the Shares incurred on the sale of Hedge Shares in a private placement); or (iii) purchase the Hedge Shares from Dealer at the VWAP
Price on such Exchange Business Days, and in the amounts, as requested by Dealer. “VWAP Price” means, on any Exchange Business Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg
VWAP” on Bloomberg page AMD <equity> VAP (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Exchange Business Day (or if such volume-weighted average price is unavailable, the
market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume-weighted method). 

  

	 	(u)	Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If in respect of the Transaction, an amount is payable by Dealer to
Counterparty (i) pursuant to Section 12.7 or Section 12.9 of the Equity Definitions or (ii) pursuant to Section 6(d)(ii) of the Agreement (a “Payment Obligation”), Counterparty may request Dealer to satisfy
any such Payment Obligation by the Share Termination Alternative (as defined below) (except that Counterparty shall not make such an election in the event of a Nationalization, Insolvency or Merger Event, in each case, in which the consideration to
be paid to holders of Shares consists solely of cash, or an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party, other than an Event of Default of the type described in
Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b)(i), (ii), (iii), (iv), (v) or (vi) of the Agreement or an Additional Termination Event as a
result of an Early Conversion, in each case that resulted from an event or events outside Counterparty’s control) and shall give irrevocable telephonic notice to Dealer, confirmed in writing within one Currency Business Day, no later than 12:00
p.m. New York local time on the Merger Date, the Announcement Date (in the case of Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation, as applicable. 

  

			
	Share Termination Alternative:	 	Applicable and means that Dealer shall deliver to Counterparty the Share Termination Delivery Property on the date when the Payment Obligation would otherwise be due pursuant to Section 12.7
or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable (the “Share Termination Payment Date”), in satisfaction of the Payment Obligation in the manner reasonably requested by Counterparty free
of payment.
		
	Share Termination Delivery Property:	 	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall
adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit
Price.

  

 16 

			
	Share Termination Unit Price:	 	The value to Dealer of property contained in one Share Termination Delivery Unit on the date such Share Termination Delivery Units are to be delivered as Share Termination Delivery Property,
as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to Dealer at the time of notification of the Payment Obligation.
		
	Share Termination Delivery Unit:	 	One Share or, if a Merger Event has occurred and a corresponding adjustment to the Transaction has been made, a unit consisting of the number or amount of each type of property received by a
holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Merger Event, as determined by the Calculation Agent.
		
	Failure to Deliver:	 	Applicable
		
	Other applicable provisions:	 	If the Transaction is to be Share Termination Settled, the provisions of Sections 9.9, 9.11, 9.12 and 10.5 (as modified above) of the Equity Definitions will be applicable, except that all
references in such provisions to “Physically-Settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as references to “Share Termination Delivery
Units.” “Share Termination Settled” in relation to the Transaction means that Share Termination Settlement is applicable to the Transaction.

  

	 	(v)	ISDA Master Agreement Elections. For the purpose of Section 13(c) of the Agreement, 

 Counterparty appoints as its Process Agent: Not applicable 
 Dealer appoints as its Process Agent: Agent 
  

	 	(w)	Regulatory Provisions. Counterparty represents and warrants that it has received and read and understands the Notice of Regulatory Treatment and the OTC Option Risk
Disclosure Statement. Agent will furnish Counterparty upon written request a statement as to the source and amount of any remuneration received or to be received by Agent in connection with the Transaction evidenced hereby. 

 

 17 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this
Confirmation and returning it by facsimile to the address provided in the Notices section of this Confirmation. 
  

			
	Very truly yours,
	
	LEHMAN BROTHERS OTC DERIVATIVES INC.
		
	By:	 	 /s/ Anatoly Kozlov

	Name:	 	Anatoly Kozlov
	Title:	 	Authorized Signatory

  

			
	 Accepted and confirmed
 as of the Trade
Date:

	
	Advanced Micro Devices, Inc.
		
	By:	 	 /s/ Robert J. Rivet

	Authorized Signatory
	Name:	 	Robert Rivet
		 	

  

 18

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