Document:

EX-4.1

 Exhibit 4.1 

CARDTRONICS, INC. 
 AS
ISSUER 
 1.00% CONVERTIBLE SENIOR NOTES DUE 2020 

 
  

INDENTURE 
 DATED AS OF
NOVEMBER 25, 2013 
  
  

WELLS FARGO BANK, NATIONAL ASSOCIATION 

AS TRUSTEE 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	Article 1. DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	1	  
			
	 Section 1.01
	 	 Definitions
	  	 	1	  
	 Section 1.02
	 	 Other Definitions
	  	 	9	  
	 Section 1.03
	 	 Rules of Construction
	  	 	10	  
	 Section 1.04
	 	 Acts of Holders
	  	 	10	  
		
	Article 2. THE NOTES	  	 	11	  
			
	 Section 2.01
	 	 Designation and Amount
	  	 	11	  
	 Section 2.02
	 	 Form and Dating
	  	 	12	  
	 Section 2.03
	 	 Execution and Authentication
	  	 	12	  
	 Section 2.04
	 	 Registrar, Paying Agent and Conversion Agent
	  	 	13	  
	 Section 2.05
	 	 Holder Lists
	  	 	14	  
	 Section 2.06
	 	 Transfer and Exchange
	  	 	14	  
	 Section 2.07
	 	 Replacement Notes
	  	 	17	  
	 Section 2.08
	 	 Outstanding Notes
	  	 	17	  
	 Section 2.09
	 	 Temporary Notes
	  	 	18	  
	 Section 2.10
	 	 Cancellation
	  	 	18	  
	 Section 2.11
	 	 Persons Deemed Owners
	  	 	19	  
	 Section 2.12
	 	 Transfer of the Notes
	  	 	19	  
	 Section 2.13
	 	 CUSIP and ISIN Numbers
	  	 	22	  
	 Section 2.14
	 	 Additional Notes; Repurchases
	  	 	22	  
		
	Article 3. FUNDAMENTAL CHANGE PURCHASE RIGHT	  	 	23	  
			
	 Section 3.01
	 	 Fundamental Change Permits Holders to Require Company to Purchase Notes
	  	 	23	  
	 Section 3.02
	 	 Fundamental Change Purchase Right Notice
	  	 	23	  
	 Section 3.03
	 	 Fundamental Change Purchase Notice
	  	 	24	  
	 Section 3.04
	 	 Effect of Fundamental Change Purchase Notice
	  	 	25	  
	 Section 3.05
	 	 Deposit of Fundamental Change Purchase Price
	  	 	26	  
	 Section 3.06
	 	 Notes Purchased in Part
	  	 	26	  
	 Section 3.07
	 	 Covenant to Comply with Securities Laws Upon Purchase of the Notes
	  	 	27	  
	 Section 3.08
	 	 Repayment to the Company
	  	 	27	  
	 Section 3.09
	 	 Covenant Not to Purchase Notes Upon Certain Events of Default
	  	 	27	  
	 Section 3.10
	 	 Exchange in Lieu of Conversion
	  	 	27	  
		
	Article 4. OPTIONAL REDEMPTION	  	 	28	  
			
	 Section 4.01
	 	 No Optional Redemption
	  	 	28	  

  
 i 

							
		
	Article 5. COVENANTS	  	 	28	  
			
	 Section 5.01
	 	 Payment of the Notes
	  	 	28	  
	 Section 5.02
	 	 SEC and Other Reports
	  	 	29	  
	 Section 5.03
	 	 Compliance Certificate
	  	 	30	  
	 Section 5.04
	 	 Further Instruments and Acts
	  	 	30	  
	 Section 5.05
	 	 Provisions as to Paying Agent
	  	 	30	  
	 Section 5.06
	 	 Delivery of Certain Information
	  	 	32	  
		
	Article 6. CONSOLIDATION, MERGER AND SALE OF ASSETS	  	 	32	  
			
	 Section 6.01
	 	 Company May Consolidate, Merge or Sell Its Assets on Certain Terms
	  	 	32	  
	 Section 6.02
	 	 Successor Corporation to be Substituted
	  	 	33	  
		
	Article 7. DEFAULTS AND REMEDIES	  	 	33	  
			
	 Section 7.01
	 	 Events of Default
	  	 	33	  
	 Section 7.02
	 	 Acceleration
	  	 	36	  
	 Section 7.03
	 	 Other Remedies
	  	 	37	  
	 Section 7.04
	 	 Waiver of Defaults
	  	 	37	  
	 Section 7.05
	 	 Control by Majority
	  	 	37	  
	 Section 7.06
	 	 Limitation on Suits
	  	 	37	  
	 Section 7.07
	 	 Rights of Holders to Receive Payment; Suit Therefor
	  	 	38	  
	 Section 7.08
	 	 Collection Suit by Trustee
	  	 	38	  
	 Section 7.09
	 	 Trustee May File Proofs of Claim
	  	 	38	  
	 Section 7.10
	 	 Priorities
	  	 	39	  
	 Section 7.11
	 	 Undertaking for Costs
	  	 	39	  
	 Section 7.12
	 	 Waiver of Stay or Extension Laws
	  	 	39	  
		
	Article 8. TRUSTEE	  	 	39	  
			
	 Section 8.01
	 	 Duties of Trustee
	  	 	39	  
	 Section 8.02
	 	 Rights of Trustee
	  	 	41	  
	 Section 8.03
	 	 Individual Rights of Trustee
	  	 	42	  
	 Section 8.04
	 	 Trustee’s Disclaimer
	  	 	42	  
	 Section 8.05
	 	 Notice of Defaults
	  	 	42	  
	 Section 8.06
	 	 Compensation and Indemnity
	  	 	43	  
	 Section 8.07
	 	 Replacement of Trustee
	  	 	44	  
	 Section 8.08
	 	 Acceptance by Successor Trustee
	  	 	44	  
	 Section 8.09
	 	 Successor Trustee by Merger
	  	 	45	  
	 Section 8.10
	 	 Eligibility; Disqualification
	  	 	45	  
		
	Article 9. DISCHARGE OF INDENTURE	  	 	46	  
			
	 Section 9.01
	 	 Discharge of Liability on Notes
	  	 	46	  

  
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	Article 10. AMENDMENTS	  	 	46	  
			
	 Section 10.01
	 	 Without Consent of Holders
	  	 	46	  
	 Section 10.02
	 	 With Consent of Holders
	  	 	47	  
	 Section 10.03
	 	 Execution of Supplemental Indentures
	  	 	48	  
	 Section 10.04
	 	 Notices of Supplemental Indentures
	  	 	48	  
	 Section 10.05
	 	 Effect of Supplemental Indentures
	  	 	48	  
	 Section 10.06
	 	 Notation on or Exchange of the Notes
	  	 	48	  
		
	Article 11. CONVERSIONS	  	 	48	  
			
	 Section 11.01
	 	 Conversion Privilege and Consideration
	  	 	48	  
	 Section 11.02
	 	 Conversion Procedure
	  	 	52	  
	 Section 11.03
	 	 Settlement Upon Conversion
	  	 	53	  
	 Section 11.04
	 	 Covenants Relating to Underlying Shares
	  	 	56	  
	 Section 11.05
	 	 Adjustments to the Conversion Rate
	  	 	57	  
	 Section 11.06
	 	 Effect of Reclassification, Consolidation, Merger or Sale
	  	 	69	  
	 Section 11.07
	 	 Adjustment to Conversion Rate Upon Certain Transactions
	  	 	70	  
	 Section 11.08
	 	 Trustee’s Disclaimer
	  	 	72	  
		
	Article 12. PAYMENT OF INTEREST	  	 	73	  
			
	 Section 12.01
	 	 Payment of Interest
	  	 	73	  
	 Section 12.02
	 	 Defaulted Interest
	  	 	74	  
	 Section 12.03
	 	 Interest Rights Preserved
	  	 	75	  
		
	Article 13. MEETINGS OF HOLDERS	  	 	75	  
			
	 Section 13.01
	 	 Purpose of Meetings
	  	 	75	  
	 Section 13.02
	 	 Call of Meetings by Trustee
	  	 	75	  
	 Section 13.03
	 	 Call of Meetings by Company or Holders
	  	 	75	  
	 Section 13.04
	 	 Qualifications for Voting
	  	 	76	  
	 Section 13.05
	 	 Regulations
	  	 	76	  
	 Section 13.06
	 	 Voting
	  	 	76	  
	 Section 13.07
	 	 No Delay of Rights by Meeting
	  	 	77	  
		
	Article 14. MISCELLANEOUS	  	 	77	  
			
	 Section 14.01
	 	 Notices
	  	 	77	  
	 Section 14.02
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	78	  
	 Section 14.03
	 	 Statements Required in Certificate or Opinion
	  	 	79	  
	 Section 14.04
	 	 Severability Clause
	  	 	79	  
	 Section 14.05
	 	 Rules by Trustee
	  	 	79	  
	 Section 14.06
	 	 Governing Law
	  	 	79	  
	 Section 14.07
	 	 No Recourse Against Others
	  	 	79	  
	 Section 14.08
	 	 Calculations
	  	 	80	  
	 Section 14.09
	 	 Successors
	  	 	80	  
	 Section 14.10
	 	 Multiple Originals
	  	 	80	  

  
 iii 

							
	 Section 14.11
	 	 Table of Contents; Headings
	  	 	80	  
	 Section 14.12
	 	 Force Majeure
	  	 	80	  
	 Section 14.13
	 	 Submission to Jurisdiction
	  	 	80	  
	 Section 14.14
	 	 Legal Holidays
	  	 	81	  
	 Section 14.15
	 	 No Security Interest Created
	  	 	81	  
	 Section 14.16
	 	 Benefits of Indenture
	  	 	81	  
	 Section 14.17
	 	 Tax Withholding
	  	 	81	  
		
	 Form of Note
	  	 	A-1	  
	 Restricted Stock Legend
	  	 	B-1	  

  
 iv 

 INDENTURE dated as of November 25, 2013 between Cardtronics, Inc., a Delaware corporation,
as issuer (“Company,” as more fully set forth in Section 1.01), and Wells Fargo Bank, National Association, as trustee (“Trustee,” as more fully set forth in Section 1.01). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s
1.00% Convertible Senior Notes due 2020: 
 ARTICLE 1. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Additional Interest” means all amounts that may be payable pursuant to Section 5.02(b), Section 5.02(c) and
Section 7.01(c), as applicable. 
 “Affiliate” of any specified Person means any Person, directly or indirectly,
controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct or cause the
direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative
to the foregoing. 
 “Applicable Procedures” means, with respect to any transfer, transaction or other action involving a
Global Note or any beneficial interest therein, the rules and procedures of the Depositary for such Note, in each case to the extent applicable to such transfer, transaction or other action as in effect from time to time. 

“Bid Solicitation Agent” means any Person as may be appointed from time to time by the Company, without prior notice to the
Holders, to solicit market bid quotations for the Notes in accordance with Section 11.01(b)(ii) and the definition of “Trading Price” below. The Trustee shall initially serve as the Bid Solicitation Agent; however, the Company may
appoint another Person, including the Company, to act as the Bid Solicitation Agent without prior notice to Holders. 
 “Board of
Directors” means the board of directors of the Company or a committee of such board duly authorized to act for it. 

“Board Resolution” means a copy of one or more resolutions certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is
authorized or obligated by law or executive order to close or be closed. 
 “Capital Stock” means, for any Person, any and
all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) the equity of such Person, but excluding any debt securities convertible into such equity. 

  
 1 

 “Certificated Note” means a Note that is in registered definitive form. 

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

“Common Equity” of any Person means Capital Stock of such Person that is generally entitled (a) to vote in the election
of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or policies of such Person. 

“Common Stock” means the shares of the common stock of the Company, par value $0.0001 per share, existing on the Issue Date,
subject to Section 11.06 hereof. 
 “Company” means the party named as such in the first paragraph of this Indenture
until a successor or assign replaces it pursuant to the applicable provisions hereof and, thereafter, means the successor or assign. 

“Company Order” means a written request or order signed in the name of the Company by any Officer. 

“Conversion Price” means, as of any time, an amount equal to $1,000 divided by the Conversion Rate in effect at the time.

 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business
shall be administered, which office as of the date of this instrument is located at 750 N. Saint Paul Place, Suite 1750, MAC T9263-170, Dallas, Texas 75201, except that with respect to presentation of the Notes for payment or for registration of
transfer, conversion or exchange, such term shall mean the office or agency of the Trustee at which at any particular time its corporate agency business shall be conducted, which office at the date of this instrument is located at 150 East 42nd
Street, New York, New York 10017, or, in the case of any of such offices or agency, such other address as the Trustee may designate from time to time by notice to the Company. 

“Daily Conversion Value” means, for each of the 60 consecutive VWAP Trading Days in the Observation Period for a Note,
one-sixtieth (1/60th) of the product of (i) the Conversion Rate on such VWAP Trading Day and (ii) the Daily VWAP on such VWAP Trading Day. 

“Daily Measurement Value” means, for each of the 60 consecutive VWAP Trading Days in the Observation Period for a Note, the
Specified Dollar Amount, if any, divided by 60. 
 “Daily Settlement Amount” means, for each of the 60 consecutive
VWAP Trading Days in the relevant Observation Period: 
 (a) cash equal to the lesser of (i) the Daily Measurement Value and
(ii) the Daily Conversion Value for such VWAP Trading Day; and 
 (b) if such Daily Conversion Value exceeds the Daily Measurement
Value, a number of shares of Common Stock equal to (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP for such VWAP Trading Day. 

  
 2 

 “Daily VWAP” means, for each of the 60 consecutive VWAP Trading Days in the
Observation Period for a Note, the per share volume-weighted average price of Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg page “CATM <equity> AQR” (or any successor thereto if such page is not
available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such VWAP Trading Day (or if such volume-weighted average price is unavailable, the market value of one
share of Common Stock on such VWAP Trading Day, determined, if practicable, using a volume-weighted average method, by an independent, nationally recognized investment banking firm retained by the Company for this purpose). The Daily VWAP shall be
determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours. 

“Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 

“DTC” means The Depository Trust Company. 

“Ex-Dividend Date” means the first date on which shares of Common Stock trade on the Relevant Stock Exchange, regular way,
without the right to receive the issuance, dividend or distribution in question, as determined by the Relevant Stock Exchange. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fundamental Change” shall be deemed to have occurred any time after the Issue Date when any of the following events occurs:

 (a) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company, its
Subsidiaries and its and the Subsidiaries’ employee benefit plans, files a Schedule TO or any schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect “beneficial owner,”
as defined in Rule 13d-3 under the Exchange Act, of the Company’s Common Equity representing more than 50% of the voting power of all classes of the Company’s Common Equity; 

(b) the consummation of (A) any recapitalization, reclassification or change of Common Stock (other than changes resulting from a
subdivision or combination) pursuant to which the Common Stock would be converted into, or exchanged for, stock, other securities or other property or assets; (B) any share exchange, consolidation, merger or similar event involving the Company
pursuant to which the Common Stock will be converted into, or exchanged for, cash, securities or other property; or (C) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the
consolidated assets of the Company and its Subsidiaries, taken as a whole, to any Person other than one or more of the Company’s wholly owned Subsidiaries (any such recapitalization, reclassification, change, share exchange, consolidation,
merger, similar event, transaction or series of transactions being referred to for purposes of this clause (b) as an “event”); provided that any such event described in clause (A) or (B) where the holders of
all classes of the Company’s Voting Stock immediately prior to such event own, directly or indirectly, more than 50% of the Voting Stock of the continuing or surviving Person or transferee or the parent thereof immediately after such event

  
 3 

 
and such holders’ proportional voting power immediately after such event vis-à-vis each other with respect to the securities they receive in such event will be in substantially the
same proportions as their respective voting power vis-à-vis each other immediately prior to such event shall not constitute a Fundamental Change under such clause (A) or (B), as the case may be; or 

(c) the Common Stock (or other Common Equity or depositary receipts representing Common Equity interests or similar certificates, in each case,
into which the Notes are then convertible) ceases to be listed or admitted for trading on any Permitted Exchange, unless the Common Stock (or such other Common Equity, depositary receipts representing Common Equity interests or similar certificates)
has been accepted for listing or admitted for trading on another Permitted Exchange. 
 Notwithstanding the foregoing, a transaction or a
series of transactions as set forth in clause (a) or (b) above shall not constitute a Fundamental Change if at least 90% of the consideration received or to be received by holders of Common Stock (excluding cash payments for fractional
shares and cash payments made pursuant to dissenters’ appraisal rights) in connection with such transaction or transactions consists of shares of common stock, depositary receipts representing Common Equity interests or similar certificates, in
each case, traded on any Permitted Exchange, and as a result of such transaction or transactions, such consideration will constitute Reference Property for the Notes pursuant to Section 11.06. In addition, a transaction or event that
constitutes a Fundamental Change under both clause (a) and (b) above will be deemed to constitute a Fundamental Change solely under clause (b). 

“Global Note” means a permanent Global Note that is in the form of Note attached hereto as Exhibit A and that is deposited
with and registered in the name of the Depositary or the nominee of the Depositary. 
 “Global Securities Legend” means a
legend in the form set forth in Exhibit A. 
 “Holder” means a Person in whose name a Note is registered in the Register.

 “Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms herein. 

“Initial Purchasers” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Wells
Fargo Securities LLC, Barclays Capital, Inc., BBVA Securities Inc. and Capital One Securities, Inc. 
 “Issue Date” means
November 25, 2013. 
 “Last Original Issuance Date” means the last date of original issuance of the Notes, including
the last date of issuance of any additional Notes that the Initial Purchasers purchase pursuant to the exercise of their over-allotment option as set forth in the Purchase Agreement, which date, for the avoidance of doubt, is November 25, 2013;
provided, however, that the Notes originally issued hereunder pursuant to the Purchase Agreement (or any Notes issued in exchange therefor or in substitution thereof) shall have a separate Last Original Issue Date (determined as
aforesaid) than any other Notes originally issued hereunder (or any Notes issued in exchange therefor or in substitution thereof). 

  
 4 

 “Last Reported Sale Price” of Common Stock, on any date, means the closing sale
price per share (or if no closing sale price is reported, the average of the last bid price and the last ask price or, if more than one in either case, the average of the average last bid prices and the average last ask prices) on such date as
reported in composite transactions for the Relevant Stock Exchange, without regard to after-hours or extended market trading; provided that if the Common Stock is not listed for trading on any securities exchange or market on the relevant
date, the “Last Reported Sale Price” of Common Stock shall equal the average of the last quoted bid prices and last quoted ask prices for the Common Stock in the over-the-counter market on such date as reported by OTC Markets Group
Inc. or a similar organization; provided further that if the Common Stock is not so quoted on such date, the “Last Reported Sale Price” will be the average of the mid-point of the last bid prices and the last ask prices for
the Common Stock on such date from a nationally recognized independent investment banking firm selected by the Company for this purpose. 

“Make-Whole Fundamental Change” means any Fundamental Change (as defined herein, but without regard to the proviso in
clause (b) of such definition but, for the avoidance of doubt, subject to the paragraph immediately following clause (c) of such definition). 

“Maturity Date” means December 1, 2020. 

“Notes” means any of the Company’s 1.00% Convertible Senior Notes due 2020 issued under this Indenture. 

“Observation Period” means, with respect to any converted Note: 

(a) if the Conversion Date for such Note occurs prior to June 4, 2020, the 60 consecutive VWAP Trading Day period beginning on, and
including, the third Scheduled Trading Day after such Conversion Date; and 
 (b) if the Conversion Date for such Note occurs on or after
June 4, 2020, the 60 consecutive VWAP Trading Day period beginning on, and including, the 62nd Scheduled Trading Day immediately preceding the Maturity Date. 

“Offering Memorandum” means the preliminary offering memorandum for the offering and sale of the Notes dated
November 18, 2013, as supplemented and/or amended by the related pricing term sheet. 
 “Officer” means the Chief
Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, the General Counsel or the Treasurer. 

“Officer’s Certificate,” when used with respect to the Company, means a written certificate (i) containing the
information specified in Sections 14.02 and 14.03, signed in the name of the Company by any Officer, and delivered to the Trustee; or (ii) if given pursuant to Section 5.03 or Section 7.01(b), signed by the principal financial or
accounting Officer of the Company, which certificate need not contain the information specified in Sections 14.02 and 14.03. 

  
 5 

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

“Opinion of Counsel” means a written opinion containing the information specified in Sections 14.02 and 14.03, from legal
counsel. The legal counsel may be an employee of, or counsel to, the Company who is reasonably satisfactory to the Trustee. 

“Permitted Exchange” means the New York Stock Exchange, the NASDAQ Global Select Market or the NASDAQ Global Market (or any
successor thereto). 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. 

“Purchase Agreement” means the purchase agreement, dated November 19, 2013, between the Company and the Initial
Purchasers. 
 “Relevant Stock Exchange” means the NASDAQ Global Select Market or, if the Common Stock is not then listed
on the NASDAQ Global Select Market, the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the
principal other market on which the Common Stock is then traded. 
 “Restricted Securities Legend” means a legend in the
form set forth in Exhibit A, or any other substantially similar legend indicating the restricted status of the Notes under Rule 144. 

“Restricted Stock Legend” means a legend in the form set forth in Exhibit B, or any other substantially similar legend
indicating the restricted status of any shares of Common Stock issued upon conversion of the Notes under Rule 144. 
 “Rule
144” means Rule 144 under the Securities Act (or any successor provision thereof), as it may be amended from time to time. 

“Rule 144A” means Rule 144A under the Securities Act (or any successor provision thereof), as it may be amended from time to
time. 
 “Scheduled Free Trade Date” means the date that is one year after the relevant Last Original Issuance Date. 

“Scheduled Trading Day” means (i) a day that is scheduled to be a Trading Day on the Relevant Stock Exchange, or
(ii) if the Common Stock is not listed or admitted for trading on any securities exchange or market, a Business Day. 

“SEC” means the Securities and Exchange Commission. 

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

  
 6 

 “Significant Subsidiary” means, with respect to any Person, a Subsidiary of such
Person that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X promulgated under the Exchange Act. 

“Specified Dollar Amount” means the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion
as specified (or deemed to be specified) in the Settlement Method Notice. 
 “Stock Price” means, with respect to the
Common Stock, in connection with a Fundamental Change, (i) in the case of a Fundamental Change described in clause (b) of the definition of Fundamental Change in which the holders of Common Stock receive only cash, the amount of cash paid
per share of Common Stock in such Fundamental Change, and (ii) otherwise, the average of the Last Reported Sales Prices of Common Stock over the five Trading Day period ending on, and including, the Trading Day immediately preceding the
applicable Make-Whole Fundamental Change Effective Date. 
 “Subsidiary” means, with respect to any Person, any
corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of such Person;
or (iii) one or more Subsidiaries of such Person. 
 “TIA” means the Trust Indenture Act of 1939, as amended on or
before the Last Original Issuance Date, provided, however, that if the TIA is amended after such date, TIA means, to the extent required by any such amendment, the TIA as so amended. 

“Trading Day” means (i) a day on which (a) trading in the Common Stock generally occurs on the Relevant Stock
Exchange and (b) a Last Reported Sale Price for the Common Stock is available, or (ii) if the Common Stock is not listed or traded on any securities exchange or other market, a Business Day. 

“Trading Price” per $1,000 principal amount of Notes on any date of determination, means the average (per $1,000 principal
amount of Notes) of the secondary market bid quotations obtained by the Bid Solicitation Agent for $2,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally
recognized securities dealers selected by the Company; provided that, if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only
one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used; provided further that (i) if the Bid Solicitation Agent cannot reasonably obtain at least one bid for $2,000,000 principal amount of Notes
from an independent nationally recognized securities dealer on any Trading Day, then the Trading Price per $1,000 principal amount of Notes for that Trading Day shall be deemed to be less than 98% of the Intrinsic Value of the Notes for such
determination date, and (ii) (1) the Company, when not acting as Bid Solicitation Agent, does not instruct the Bid Solicitation Agent to obtain bids when required under Section 11.01(b)(ii) or the Company

  
 7 

 
so instructs the Bid Solicitation Agent but the Bid Solicitation Agent fails to determine the Trading Price when required under Section 11.01(b)(ii), or (2) the Company, when acting as
Bid Solicitation Agent, fails to make such determination, then in either case, the Trading Price per $1,000 principal amount of Notes shall be deemed to be less than 98% of the Intrinsic Value of the Notes on each day of such failure. 

“Trust Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the
Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time
shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this
Indenture. 
 “Trustee” means the party named as the “Trustee” in the first paragraph of this Indenture until a
successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, means such successor. The foregoing sentence shall likewise apply to any such subsequent successor or successors. 

“Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 

“Voting Stock” of a Person means Capital Stock of such Person of the class or classes pursuant to which the holders thereof
have the general voting power under ordinary circumstances to elect the board of directors, managers or trustees of such Person (irrespective of whether or not at the time Capital Stock of any other class or classes shall have or might have voting
power by reason of the happening of any contingency). 
 “VWAP Market Disruption Event” means (i) the Relevant Stock
Exchange fails to open for trading or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than a one half-hour period in the aggregate during regular trading hours,
of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the Relevant Stock Exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common
Stock. 
 “VWAP Trading Day” means (i) a day on which (a) there is no VWAP Market Disruption Event and
(b) trading in the Common Stock generally occurs on the Relevant Stock Exchange or (ii) if the Common Stock (or any other security for which a Daily VWAP must be determined) is not listed or traded on any exchange or other market, a
Business Day. 

  
 8 

 Section 1.02 Other Definitions. 

 

			
	 Term
	  	 Defined in Section:

	 “Act”
	  	1.04
	 “Additional Shares”
	  	11.07(a)
	 “Averaging Period”
	  	11.05(e)
	 “Cash Merger”
	  	11.07(e)(i)
	 “Cash Settlement”
	  	11.03(a)
	 “Clause A Distribution”
	  	11.05(c)
	 “Clause B Distribution”
	  	11.05(c)
	 “Clause C Distribution”
	  	11.05(c)
	 “Combination Settlement”
	  	11.03(a)
	 “Company’s Filing Obligations”
	  	7.01(c)
	 “Conversion Agent”
	  	2.04
	 “Conversion Date”
	  	11.02(b)
	 “Conversion Obligation”
	  	11.01(a)
	 “Conversion Rate”
	  	11.01(a)
	 “Defaulted Interest”
	  	12.02
	 “Depositary”
	  	2.02(a)
	 “Distributed Property”
	  	11.05(c)(i)
	 “Event of Default”
	  	7.01(a)
	 “Expiration Date”
	  	11.05(e)
	 “Fundamental Change Notice”
	  	3.02
	 “Fundamental Change Notice Date”
	  	3.02
	 “Fundamental Change Purchase Date”
	  	3.01
	 “Fundamental Change Purchase Notice”
	  	3.03(a)
	 “Fundamental Change Purchase Price”
	  	3.01
	 “Interest Payment Date”
	  	12.01
	 “Intrinsic Value”
	  	11.01(b)(ii)
	 “Make-Whole Fundamental Change Effective Date”
	  	11.07(a)
	 “Maximum Conversion Rate”
	  	11.07(d)
	 “Measurement Period”
	  	11.01(b)(ii)
	 “Notice of Conversion”
	  	11.02(a)
	 “Paying Agent”
	  	2.04
	 “Physical Settlement”
	  	11.03(a)
	 “Record Date”
	  	12.01
	 “Reference Property”
	  	11.06(a)
	 “Reference Property Unit”
	  	11.06(a)
	 “Register”
	  	2.04
	 “Registrar”
	  	2.04
	 “Resale Restriction Termination Date”
	  	2.06(e)(ii)
	 “Restricted Note”
	  	2.06(e)(i)
	 “Sale Price Condition”
	  	11.01(b)(i)
	 “Settlement Amount”
	  	11.03(a)(iv)
	 “Settlement Method”
	  	11.03(a)
	 “Settlement Method Notice”
	  	11.03(a)(ii)
	 “Share Exchange Event”
	  	11.06(a)

  
 9 

			
	 Term
	  	 Defined in Section:

	 “Special Record Date”
	  	12.02(a)
	 “Specified Corporate Transaction Notice”
	  	11.01(b)(iv)
	 “Spin-Off”
	  	11.05(c)(ii)
	 “Stock Price”
	  	11.07(b)
	 “Successor Company”
	  	6.01(a)
	 “Temporary Notes”
	  	2.09
	 “Trading Price Condition”
	  	11.01(b)(ii)
	 “Trigger Event”
	  	11.05(c)
	 “Valuation Period”
	  	11.05(c)(ii)

 Section 1.03 Rules of Construction. 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it and shall be construed in accordance with generally accepted
accounting principles in the United States of America as in effect and, to the extent optional, adopted by the Company, on the Last Original Issuance Date, consistently applied; 

(c) “or” is not exclusive; 

(d) “including,” “includes” and “include” shall be deemed to be followed by the words “without
limitation”; 
 (e) the words “herein”, “hereof” and “hereunder” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (f) unless the context otherwise requires,
any reference to an “Article,” a “Section” or an “Exhibit” refers to an Article, a Section or an Exhibit, as the case may be, of this Indenture; 

(g) words in the singular include the plural, and words in the plural include the singular; 

(h) all references to $, dollars, cash payments or money refer to United States currency; and 

(i) unless the context requires otherwise, all references to payments of interest on the Notes shall include Additional Interest, if any,
payable in accordance with the terms of Sections 5.02 or 7.01, as applicable. 
 Section 1.04 Acts of Holders. Any request,
demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in
person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee or to the Company, as applicable. Such instrument
or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the 

  
 10 

 
“Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose
of this Indenture and conclusive in favor of the Trustee and the Company if made in the manner provided in this Section 1.04. 
 (a) The
fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds,
certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such signer’s individual capacity, such certificate or
affidavit shall also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that
the Trustee deems sufficient. 
 (b) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the 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,
the Company or the Conversion Agent in reliance thereon, whether or not notation of such action is made upon such Note. 
 (c) If the Company
shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the Close of Business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite
proportion of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding Notes shall be computed as of such record date;
provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record
date. 
 ARTICLE 2. 
 THE NOTES

 Section 2.01 Designation and Amount. The Notes shall be designated as the “1.00% Convertible Senior Notes due
2020.” The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is initially limited to $287,500,000, subject to Section 2.14 and except for Notes authenticated and delivered upon registration or
transfer of, or in exchange for, or in lieu of other Notes to the extent expressly permitted hereunder. 

  
 11 

 Section 2.02 Form and Dating. The Notes and the Trustee’s certificate of
authentication shall be substantially in the form of Exhibit A, which is a part of this Indenture. To the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions
and to be bound thereby. The Notes may have notations, legends or endorsements required by applicable law, securities exchange rules or usage (provided that any such notation, legend or endorsement required by usage is in a form acceptable to
the Company). The Company shall provide any such notations, legends or endorsements to the Trustee in writing. Each Note shall be dated the date of its authentication. Except as otherwise expressly permitted in this Indenture, all Notes shall be
identical in all respects. Notwithstanding any differences among them, all Notes issued under this Indenture shall vote and consent together on all matters as one class. 

(a) Initial Notes. The Notes initially shall be issued in the form of one Global Note that shall be deposited with the Trustee, at its
Corporate Trust Office or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, as custodian and registered in the name of DTC or the nominee thereof (DTC, or any successor thereto, being
hereinafter referred to as the “Depositary”), duly executed by the Company and authenticated by the Trustee as hereinafter provided. 

(b) Global Notes in General. Each Global Note shall represent the outstanding Notes as shall be specified therein and each Global Note
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 reduced or
increased, as appropriate, to reflect exchanges, purchases by the Company and conversions. 
 Any adjustment of the aggregate principal
amount 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 in accordance with instructions given by the Holder thereof as required by
Section 2.12 hereof and shall be made on the records of the Trustee and the Depositary. Payment of the principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Purchase Price on the Global Note shall be made to the
Holders of Notes represented by such Global Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein. 

(c) Book-Entry Provisions. This Section 2.02(c) shall apply only to Global Notes deposited with or on behalf of the Depositary. The
Company shall execute and the Trustee shall, in accordance with Section 2.03, authenticate and deliver Global Notes that (i) shall be registered in the name of the Depository or the nominee of the Depositary and (ii) shall be
delivered by the Trustee to the Depositary or pursuant to the Depositary’s instructions. 
 (d) Legends. Each Global Note shall
bear the Global Securities Legend unless otherwise directed by the Company. 
 Section 2.03 Execution and Authentication. The
Notes shall be executed on behalf of the Company by any Officer. The signature of such Officer on the Notes may be manual or facsimile. 

  
 12 

 If an Officer whose signature is on a Note no longer holds that office at the time the Trustee
authenticates the Note, the Note shall be valid nevertheless. 
 At any time after the Issue Date, 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. 

A Note shall not be valid until an authorized signatory of the Trustee manually signs the certificate of authentication on the Note. The
signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 
 The Notes shall originally be issued
only in registered form without coupons and only in denominations of $1,000 of principal amount and any integral multiple thereof. 
 The
Trustee may appoint authenticating agents. The Trustee may at any time after the Issue Date appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do
so, except any Notes issued pursuant to Section 2.07 hereof. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent shall have the same right to deal with the Company as
the Trustee with respect to such matters for which it has been appointed. 
 Section 2.04 Registrar, Paying Agent and Conversion
Agent. The Company shall maintain in the Borough of Manhattan, New York City an office or agency where Notes may be presented for registration of transfer or exchange (“Registrar”), an office or agency where Notes may be
presented for payment (“Paying Agent”), an office or agency where Notes may be presented for conversion (“Conversion Agent”) and an office or agency where notices to or upon the Company in respect of the Notes and
this Indenture may be served. The Registrar shall keep a register for the recordation of, and shall record, the names and addresses of Holders of Notes, the Notes held by each Holder and the transfer, exchange and conversion of the Notes (the
“Register”). The entries in the Register shall be conclusive, and the parties may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Holder hereunder for all purposes of this Indenture. The
Company may have one or more co-Registrars, one or more additional paying agents and one or more additional conversion agents. The term Paying Agent includes any such additional paying agents. The term Conversion Agent includes any such additional
conversion agents. 
 The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Conversion Agent or
co-Registrar not a party to this Indenture, which (i) shall implement the provisions of this Indenture relating to such agent and (ii) in the case of the Paying Agent, shall include the provisions set forth in Section 5.05. The
Company shall promptly notify the Trustee of the name and address of any such agent, and of any change therein. If the Company fails to maintain a Registrar, Paying Agent or Conversion Agent, any presentations, surrenders, notices and demands
required to be made by, or at the office of, any such agent may be made or served at the Corporate Trust Office or in accordance with Section 14.01; provided that the Trustee shall be entitled to appropriate compensation therefor
pursuant to Section 8.06. The Company may act as Paying Agent, Registrar, Conversion Agent or co-Registrar. 

  
 13 

 The Company initially appoints the Trustee as the Paying Agent, the Conversion Agent, and the
Registrar, in connection with the Notes, and the Corporate Trust Office to be such office or agency of the Company for the aforesaid purposes. The Company may at any time rescind the designation of the Paying Agent, Conversion Agent or the Registrar
or approve a change in the location through which any of them acts; provided that the Paying Agent, Conversion Agent and Registrar must be located within the Borough of Manhattan, New York City. 

Section 2.05 Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, promptly after each Record Date, and at such other times as the Trustee may request in writing, a list in such form
and as of such date as the Trustee may reasonably require of the names and addresses of Holders. 
 Section 2.06 Transfer and
Exchange. 
 (a) Subject to Section 2.12 hereof, upon surrender for registration of transfer of any Note, together with a written
instrument of transfer satisfactory to the Registrar duly executed by the Holder or such Holder’s attorney-in-fact duly authorized in writing, at the office or agency of the Company-designated Registrar or co-Registrar pursuant to
Section 2.04, (i) the Company shall execute, and the Trustee (or any authenticating agent) shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denomination or
denominations, of a like aggregate principal amount and bearing such restrictive legends as may be required by this Indenture and (ii) the Registrar shall record the information required pursuant to Section 2.04 regarding the designated
transferee or transferees in the Register. No service charge shall be imposed by the Company, the Trustee, the Registrar, any co-Registrar or the Paying Agent for any registration of transfer or exchange of the Notes, but the Company may require a
Holder to pay a sum sufficient to cover any transfer tax or other similar governmental charge required in connection therewith as a result of the name of the Holder of new Notes issued upon such exchange or registration of transfer being different
from the name of the Holder of the old Notes surrendered for registration of transfer or exchange. 
 At the option of the Holder, Notes may
be exchanged for other Notes of any authorized denomination or denominations, of a like aggregate principal amount, upon surrender of the Notes to be exchanged, at such office or agency, together with a written instrument of transfer satisfactory to
the Registrar duly executed by the Holder or such Holder’s attorney-in-fact duly authorized in writing, and documents of identity and title satisfactory to the Registrar. Whenever any Notes are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Notes that the Holder making the exchange is entitled to receive, bearing registration numbers not contemporaneously outstanding. 

The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of any Note surrendered for conversion
or any Note in respect of which a Fundamental Change Purchase Notice has been given and not validly withdrawn by the Holder thereof in accordance with the terms of this Indenture (except, in the case of a Note to be converted or purchased in part by
the Company, the portion of such Note not to be so converted or purchased). 

  
 14 

 (b) Notwithstanding any provision to the contrary herein, so long as a Global Note remains
outstanding and is held by or on behalf of the Depositary, transfers of a Global Note, in whole or in part, shall be made only in accordance with Section 2.12 and this Section 2.06(b). Transfers of a Global Note shall be limited to
transfers of such Global Note to the Depositary, to nominees of the Depositary or to a successor of the Depositary or such successor’s nominee. 

(c) Successive registrations and registrations of transfers and exchanges as aforesaid may be made from time to time as desired, and each such
registration shall be noted on the Register. 
 (d) Any Registrar appointed pursuant to Section 2.04 shall provide to the Trustee such
information as the Trustee may reasonably require in connection with the delivery by such Registrar of the Notes upon transfer or exchange of the Notes. 

(e) Transfer Restrictions. 

(i) Every Note that bears or is required under this Section 2.06(e) to bear the Restricted Securities Legend (a
“Restricted Note”) shall be subject to the restrictions on transfer set forth in this Section 2.06(e) and such legend unless such restrictions on transfer shall be eliminated or otherwise waived by written consent of the
Company, and the Holder of each such Restricted Note, by such Holder’s acceptance thereof, agrees to be bound by all such restrictions on transfer. If a request is made to remove the Restricted Securities Legend from any Restricted Note prior
to the Resale Restriction Termination Date, the legend shall not be removed unless there is delivered to the Company and the Registrar such certificates, legal opinions and other information as they may reasonably require confirming that such Notes,
upon such transfer, will not be “restricted” within the meaning of Rule 144. In such a case, upon (1) provision of such certificates, legal opinions and/or other information, or (2) notification by the Company to the Trustee and
Registrar of the sale of such Note pursuant to a registration statement that is effective at the time of such sale, the Trustee, pursuant to a Company Order, shall authenticate and deliver a Note that does not bear the Restricted Securities Legend.

 (ii) Except as provided elsewhere in this Indenture, until the later of (x) the Scheduled Free Trade Date or such
shorter period of time as permitted by Rule 144 or any successor provision thereto and (y) such other date as may be required by applicable law (such date, the “Resale Restriction Termination Date”), any certificate evidencing
such Notes (and all securities issued in exchange therefor or substitution thereof, other than Common Stock, if any, issued upon conversion thereof, which shall bear the Restricted Stock Legend, if applicable) shall bear the Restricted Securities
Legend unless (I) such Notes have been transferred (1) under a registration statement that has been declared effective under the Securities Act, or (2) in accordance with Rule 144, or (II) such requirement is waived by the Company.

  
 15 

 (iii) No transfer of any Restricted Note will be registered by the Registrar
unless the applicable box on the Form of Transfer Certificate attached to such Restricted Note has been checked and such certificates, legal opinions and other information as reasonably required by the Registrar or Company confirming that the
applicable condition to transfer has been satisfied have been provided. 
 (f) Legends on the Common Stock. Except as provided
elsewhere in this Indenture (including, without limitation, Section 2.06(i) below), until the later of (x) the Scheduled Free Trade Date and (y) the date that is three months after the holder of such shares of Common Stock ceases to
be an Affiliate of the Company (if applicable), any stock certificate representing shares of Common Stock issued upon conversion of any Notes shall bear the Restricted Stock Legend unless (I) such Notes or such Common Stock, as applicable, has
been transferred (i) under a registration statement that has been declared effective under the Securities Act or (ii) in accordance with Rule 144, or (II) such requirement is waived by the Company. 

(g) The Company will not, and will not permit any of its Subsidiaries to, resell any Notes that have been reacquired by the Company or any of
the Subsidiaries, other than in a transaction that results in any such Notes no longer being a “restricted security” (as defined in Rule 144). If the Restricted Securities Legend is removed from the face of a Note and such Note is
subsequently held by a Subsidiary of the Company, the Restricted Securities Legend shall be reinstated. 
 (h) Any Note (or security issued
in exchange or substitution therefor) as to which such restrictions on transfer shall have expired in accordance with their terms may, upon surrender of such Note for exchange to the Registrar in accordance with the provisions of this
Section 2.06, be exchanged for a new Note or Notes, of like tenor and aggregate principal amount, which shall not bear the Restricted Securities Legend and shall not be assigned a restricted CUSIP number. The Company shall be entitled to
instruct the custodian for the Depositary (or its nominee) in writing to so surrender any Global Note as to which such restrictions on transfer shall have expired in accordance with their terms for exchange, and, upon such instruction, such
custodian shall so surrender such Global Note for exchange; and any new Global Note so exchanged therefor shall not bear the Restricted Securities Legend and shall not be assigned a restricted CUSIP number. The Company shall promptly notify the
Trustee upon the occurrence of the Scheduled Free Trade Date and promptly after a registration statement, if any, with respect to the Notes or any Common Stock issued upon conversion of the Notes has been declared effective under the Securities Act.

 (i) Upon the removal of a Restricted Stock Legend, the Company shall (i) notify the holders of any such shares of Common Stock that
such Restricted Stock Legend has been removed; (ii) notify the transfer agent for the Common Stock to change the CUSIP number for any such shares to the applicable unrestricted CUSIP number, if such shares are in certificated form, and
(iii) if such shares are in global form, comply with Applicable Procedures regarding such de-legending and the change from a restricted to unrestricted CUSIP number. Any shares of Common Stock delivered upon the conversion of any Note to any
Person that is not, and for at least three months has not been, an Affiliate of the Company shall be issued without any Restricted Stock Legend if (x) such conversion occurs after the Scheduled Free Trade Date or (y) such Note otherwise
does not, or would not be required hereunder to, bear the Restricted Securities Legend. 

  
 16 

 Notwithstanding anything in this Indenture or the Notes to the contrary, any Person, other than
an Affiliate of the Company, who holds shares of Common Stock that were issued upon conversion shall have the right to enforce this Section 2.06(i) notwithstanding that such Person is not a Holder of Notes. 

Section 2.07 Replacement Notes. If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that such
Note has been lost, destroyed or stolen and the Holder provides evidence of the loss, theft or destruction reasonably satisfactory to the Company and the Trustee, the Company shall issue, and the Trustee shall authenticate, a replacement Note if the
requirements of Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish an indemnity bond reasonably
sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee, the Paying Agent, the Registrar and any co-Registrar from any loss that any of them may suffer if a Note is replaced. The Company and the Trustee may
charge the Holder for their expenses in replacing a Note. 
 Upon the issuance of any new Notes under this Section 2.07, the Company
may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Note issued pursuant to this Section 2.07 in exchange for any mutilated Note, or in lieu of any destroyed, lost or stolen Note,
shall constitute an original additional contractual obligation of the Company and any other obligor upon the Notes, whether or not the mutilated, destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all
benefits of (and shall be subject to all the limitations set forth in) this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

Section 2.08 Outstanding Notes. Notes outstanding at any time include and are limited to all Notes authenticated by the Trustee
except (i) Notes cancelled by the Trustee or required to be delivered to the Trustee for cancellation in accordance with Section 2.10, (ii) Notes, or portions thereof, the principal of which has become due and payable on the Maturity
Date, on a Fundamental Change Purchase Date or otherwise, and in respect of which monies in the necessary amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the Company) or shall have been set aside and
segregated in trust by the Company (if the Company shall act as its own Paying Agent), (iii) Notes, or portions thereof, that have been converted pursuant to Article 11 and that are required to be cancelled pursuant to Section 2.10 and
(iv) Notes repurchased by the Company, directly or indirectly, whether by the Company or its Subsidiaries, pursuant to Section 2.14 (other than Notes repurchased pursuant to cash-settled swaps or other derivatives). For the purpose of
determining whether the Holders of the requisite principal amount of Notes have given or concurred in any request, demand, authorization, direction, notice, consent, waiver or other action hereunder (including, without limitation, determinations
pursuant to Articles 7 and 10) only outstanding Notes shall be considered in any such determination. In addition, for the purpose of any such determination, Notes that are owned 

  
 17 

 
by the Company, by any Subsidiary thereof or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Subsidiary
thereof 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 Trust Officer actually knows are so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as outstanding for the purposes of this Section 2.08 if the pledgee shall
establish to the satisfaction of the Trustee the pledgee’s right to so act with respect to such Notes and that the pledgee is not the Company, a Subsidiary thereof or a Person directly or indirectly controlling or controlled by or under direct
or indirect common control with the Company or a Subsidiary thereof. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the
Company shall furnish to the Trustee promptly an 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 8.01, the Trustee shall be 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 2.09 Temporary Notes. Until Certificated Notes are ready for delivery, 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”). Temporary Notes shall be issuable in any
authorized denomination, and substantially in the form of Certificated Notes but with such omissions, insertions and variations as may be appropriate for temporary Notes, all as may be determined by the Company. Every such Temporary Note shall be
executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Certificated Notes. Without unreasonable delay the Company will
prepare, execute and deliver to the Trustee or such authenticating agent Certificated Notes (other than any Global Note) and thereupon any or all Temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or
agency maintained by the Company pursuant to Section 2.04 and the Trustee or such authenticating agent shall authenticate and deliver in exchange for such Temporary Notes an equal aggregate principal amount of Certificated Notes. Such exchange
shall be made by the Company at its own expense and without any charge therefor. Until so exchanged, the Temporary Notes shall in all respects be entitled to the same benefits and subject to the same limitations under this Indenture as Certificated
Notes authenticated and delivered hereunder. 
 Section 2.10 Cancellation. The Company shall cause all Notes surrendered for the
purpose of payment, repurchase (including pursuant to Section 3.01 or Section 2.14, other than Notes repurchased pursuant to cash-settled swaps or other derivatives that are not physically settled), registration of transfer or exchange, or
conversion, if surrendered to any Person other than the Trustee (including any of the Company’s agents, Subsidiaries or Affiliates), to be delivered to the Trustee for cancellation. All Notes delivered to the Trustee shall be canceled promptly
by it, and no Notes shall be authenticated in exchange therefor except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Notes in accordance with its customary procedures and, after such
disposition, shall deliver a certificate of such disposition to the Company, at the Company’s written request in a Company Order. 

  
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 Section 2.11 Persons Deemed Owners. Prior to due presentment of a Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Note is registered in the Register as the owner of such Note for the purpose of receiving payment of principal,
interest, if any, or payment of the Fundamental Change Purchase Price, for the purpose of conversion and for all other purposes whatsoever, subject to Section 2.06(i), Section 2.08 and Section 2.12(a)(ii), whether or not such Note be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

Section 2.12 Transfer of the Notes. 

(a) Notwithstanding any other provisions of this Indenture or the Notes, (A) any transfer of a Global Note, in whole or in part, shall be
made only in accordance with Sections 2.06 and 2.12(a)(i); and (B) any exchange of a beneficial interest in a Global Note for a Certificated Note shall comply with Sections 2.06 and 2.12(a)(ii). All such transfers and exchanges shall comply
with the Applicable Procedures to the extent so required. 
 (i) Transfer of Global Note. A Global Note may not be
transferred, in whole or in part, to any Person other than the Depositary or a nominee or any successor thereof, and no transfer of a Global Note to any other Person may be registered; provided that this clause (i) shall not prohibit any
transfer of a Note that is issued in exchange for a Global Note but is not itself a Global Note. No transfer of a Note to any Person shall be effective under this Indenture or the Notes unless and until such Note has been registered in the name of
such Person. Nothing in this Section 2.12(a)(i) shall prohibit or render ineffective any transfer of a beneficial interest in a Global Note effected in accordance with the other provisions of this Section 2.12(a). 

(ii) Restrictions on Exchange of a Beneficial Interest in a Global Note for a Certificated Note. 

(A) A Certificated Note will be issued and delivered: 

(1) to each person that DTC identifies as a beneficial owner of the related Notes only if (a) DTC notifies the Company
that it is unwilling or unable to continue as Depositary for the Global Notes and a successor Depositary is not appointed by the Company within 90 days of such notice; or (b) DTC ceases to be registered as a clearing agency under the Exchange
Act and a successor Depositary is not appointed by the Company within 90 days of such cessation; or 
 (2) if an Event of
Default has occurred and is continuing, to each beneficial owner who requests that its beneficial interests in the Notes be exchanged for Certificated Notes. 

  
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 Notwithstanding anything to the contrary in this Indenture or in the Notes, following the
occurrence and during the continuance of an Event of Default, any beneficial owner of 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 beneficial owner’s right to exchange its beneficial interest in such Global Note for a Certificated Note in accordance with this Section 2.12(a)(ii). 

In connection with the exchange of an entire Global Note for Certificated Notes pursuant to this Section 2.12(a)(ii), such Global Note
shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and upon Company Order, the Trustee shall authenticate and deliver to each beneficial owner identified by DTC in exchange for its beneficial interest
in such Global Note, an equal aggregate principal amount of Certificated Notes of authorized denominations. 
 (B) Upon
receipt by the Registrar of instructions from the Holder of a Global Note directing the Registrar to (x) issue one or more Certificated Notes in the amounts specified to the owner of a beneficial interest in such Global Note and (y) debit
or cause to be debited an equivalent amount of beneficial interest in such Global Note, subject to the Applicable Procedures: 

(1) the Registrar shall notify the Company and the Trustee of such instructions and identify the owner of and the amount of
such beneficial interest in such Global Note; 
 (2) the Company shall promptly execute, and upon Company Order, the Trustee
shall authenticate and deliver, to such beneficial owner of any Certificated Notes in an equivalent amount to such beneficial interest in such Global Note; and 

(3) the Registrar shall decrease such Global Note by such amount in accordance with the foregoing. 

(iii) Restrictions on Transfer of a Certificated Note for a Beneficial Interest in a Global Note. A Certificated Note
may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. 
 Upon
receipt by the Trustee of a Certificated Note, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with written instructions directing the Trustee to make, or to direct the Registrar to
make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of Notes represented by the Global Note, such instructions to contain information regarding the Depositary account
to be credited with such increase, then the Trustee shall cancel such Certificated Note and cause, or direct the Registrar to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Registrar, the
aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal amount of the Certificated Note to be exchanged, and shall credit or cause to be credited to the account of the Person specified in such
instructions a beneficial interest in the 

  
 20 

 
Global Note equal to the principal amount of the Certificated Note so cancelled. If no Global Notes are then outstanding, the Company shall issue and the Trustee shall authenticate, upon written
order of the Company in the form of an Officer’s Certificate, a new Global Note in the appropriate principal amount. 
 (b) None of the
Trustee, the Paying Agent, the Registrar or the Conversion Agent shall have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect
to any transfer of any interest in any Note (including any transfers between or among DTC participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are
expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

(c) None of the Trustee, the Paying Agent, the Registrar or the Conversion Agent shall have any responsibility or obligation to any beneficial
owner in a Global Note, a DTC participant or other Person with respect to the accuracy of the records of DTC or its nominee or of any DTC participant, with respect to any ownership interest in the Notes or with respect to the delivery to any DTC
participant, beneficial owner or other Person (other than DTC) of any notice or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under
the Notes and this Indenture shall be given or made only to or upon the order of the registered Holders (which shall be DTC or its nominee in the case of the Global Note). The rights of beneficial owners in the Global Note shall be exercised only
through DTC subject to the Applicable Procedures, other than (i) the right of a beneficial owner to exchange its beneficial interest in a Global Note for a Certificated Note during the continuance of an Event of Default pursuant to
Section 2.12(a)(ii) and (ii) the right of a holder of Common Stock issued upon conversion to enforce the provisions of Section 2.06(i). The Trustee, the Paying Agent, the Registrar and the Conversion Agent shall be entitled to rely
and shall be fully protected in relying upon information furnished by DTC with respect to its members, participants and any beneficial owners. Subject to the exceptions set forth in the second preceding sentence, the Trustee, the Paying Agent, the
Registrar and the Conversion Agent shall be entitled to deal with DTC, and any nominee thereof, that is the registered Holder of any Global Note for all purposes of this Indenture relating to such Global Note (including the payment of principal and
interest and the giving of instructions or directions by or to the owner or holder of a beneficial ownership interest in such Global Note) as the sole holder of such Global Note and shall have no obligations to the beneficial owners thereof. None of
the Trustee, the Paying Agent, the Registrar or the Conversion Agent shall have any responsibility or liability for any acts or omissions of DTC with respect to such Global Note, for the records of any such Depositary, including records in respect
of beneficial ownership interests in respect of any such Global Note, for any transactions between the DTC and any DTC participant or between or among DTC, any such DTC participant and/or any Holder or owner of a beneficial interest in such Global
Note, or for any transfers of beneficial interests in any such Global Note. 
 (d) Notwithstanding the foregoing, with respect to any Global
Note, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by DTC (or its

  
 21 

 
nominee), as a Holder, with respect to such Global Note or shall impair, as between DTC and owners of beneficial interests in such Global Note, the operation of customary practices governing the
exercise of the rights of DTC (or its nominee) as a Holder of such Global Note. 
 Section 2.13 CUSIP and ISIN Numbers. 

(a) The Company, in issuing the Notes, shall use restricted CUSIP, ISIN or other similar numbers for such Notes (if then generally in use)
until such time as the Restricted Securities Legend is removed therefrom. At such time as the legend is removed from such Notes, the Company will use an unrestricted CUSIP number for such Note, but only with respect to the Notes where so removed.
The Company and the Trustee may use CUSIP, ISIN or other similar numbers in notices as a convenience to Holders; provided, however, that neither the Company nor the Trustee shall have any responsibility for any defect in the CUSIP, ISIN or
other similar number that appears on any Note, check, advice of payment or notice, and any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice and
that reliance may be placed only on the other identification numbers printed on the Notes, and any action taken in connection with such a notice shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify
the Trustee in the event of any change in the CUSIP, ISIN or other similar numbers. 
 (b) Until such time as the Restricted Stock Legend is
no longer required to be borne by any shares of Common Stock issued upon the conversion of the Notes pursuant to Section 2.06(f) or otherwise, any shares of Common Stock issued upon conversion of the Notes shall bear a restricted CUSIP number.
At such time as the Restricted Stock Legend is no longer required to be borne by any shares of Common Stock issued upon the conversion of the Notes pursuant to Section 2.06(f) or otherwise, any shares of Common Stock issued upon conversion of
the Notes shall bear an unrestricted CUSIP number. 
 Section 2.14 Additional Notes; Repurchases. The Company may, without the
consent of the Holders and notwithstanding Section 2.01, reopen this Indenture and issue additional Notes with the same terms as the Notes initially issued hereunder (other than differences in the issue price and the date from which interest
will accrue on such additional Notes and as to the Last Original Issue Date with respect to such additional Notes as provided in the proviso in the definition thereof) in an unlimited aggregate principal amount, provided that if any such additional
Notes are not fungible with the Notes initially issued hereunder for U.S. federal income tax purposes or securities law purposes, such additional Notes shall have a separate CUSIP number. Prior to the issuance of any such additional Notes, the
Company shall deliver to the Trustee a Company Order and an Officer’s Certificate, which shall cover such matters, in addition to those required by Section 14.03, as the Trustee shall reasonably request. In addition, upon the reasonable
request of the Trustee, the Company shall furnish to the Trustee an Opinion of Counsel which shall cover such legal conclusions, in addition to the matters required by Section 14.03, as the Trustee shall reasonably request. The Company may, to
the extent permitted by law, and directly or indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes in the open market or otherwise, whether by the Company or its Subsidiaries or through a private or public
tender or exchange offer or through counterparties to private agreements, including by cash-settled swaps or other derivatives. 

  
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 ARTICLE 3. 

FUNDAMENTAL CHANGE PURCHASE RIGHT 

Section 3.01 Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time,
a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in principal amount to $1,000 or an integral multiple of $1,000 in excess thereof, on a date (the “Fundamental
Change Purchase Date”) that is specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 Business Days nor more than 35 Business Days immediately following the relevant
Fundamental Change Notice Date, at a price (the “Fundamental Change Purchase Price”) equal to 100% of the principal amount of the Note to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the Fundamental
Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Record Date for the payment of interest, and on or prior to the corresponding Interest Payment Date, the Company shall pay the full amount of
accrued and unpaid interest payable on such Interest Payment Date to the Holder of record of such Note on such Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. The
Fundamental Change Purchase Date shall be subject to postponement in order to allow the Company to comply with any change in applicable law after the date of this Indenture. 

Section 3.02 Fundamental Change Purchase Right Notice. Promptly following the occurrence of a Fundamental Change, the Company
shall deliver written notice of such Fundamental Change and the resulting purchase right (the “Fundamental Change Notice,” and the date of such mailing, the “Fundamental Change Notice Date”) to each Holder, the
Trustee and the Paying Agent. Such Fundamental Change Notice shall state: 
 (a) the transaction or event causing the relevant Fundamental
Change and whether it is a Make-Whole Fundamental Change; 
 (b) the effective date of such Fundamental Change; 

(c) the last date on which a Holder may exercise its right to require the Company to purchase such Holder’s Notes under this Article 3;

 (d) the Fundamental Change Purchase Price; 

(e) the Fundamental Change Purchase Date; 

(f) the name and address of the Paying Agent and the Conversion Agent, if applicable; 

(g) the Conversion Rate in effect on the Fundamental Change Notice Date and, if the relevant Fundamental Change constitutes a Make-Whole
Fundamental Change, any adjustment that will be made to the Conversion Rate for a Holder that converts its Note in connection with such Make-Whole Fundamental Change pursuant to Section 11.07; 

  
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 (h) that the Fundamental Change Purchase Price for any Notes as to which a Fundamental Change
Purchase Notice has been duly delivered and not withdrawn will be paid on the later of the Fundamental Change Purchase Date and the time of book-entry transfer or delivery of such Notes; 

(i) that payment may be collected only if the Notes to be purchased are surrendered to the Paying Agent; 

(j) the procedures the Holder must follow to exercise its right to require the Company to purchase such Holder’s Notes under this Article
3 and the procedures that a Holder must follow to convert its Note pursuant to Article 11; 
 (k) the conversion rights of the Notes,
including an explanation that a condition to conversion has been satisfied; 
 (l) that any Notes with respect to which a Fundamental Change
Purchase Notice has been given may be converted only if such Fundamental Change Purchase Notice is validly withdrawn in accordance with the terms of this Indenture; 

(m) the procedures for withdrawing a Fundamental Change Purchase Notice; 

(n) that unless the Company defaults in making payment of such Fundamental Change Purchase Price on the Notes surrendered for purchase by the
Company, interest, if any, on Notes for which a Fundamental Change Purchase Notice has been validly given and not withdrawn will cease to accrue on and after the Fundamental Change Purchase Date; 

(o) the CUSIP, ISIN or other similar numbers, if any, assigned to such Notes; and 

(p) such other information as the Company reasonably determines is appropriate to include therein. 

Section 3.03 Fundamental Change Purchase Notice. 

(a) To exercise its purchase right upon the occurrence of a Fundamental Change under Section 3.01, a Holder or beneficial owner of a Note,
as the case may be, must (i) deliver, by the Close of Business on the Business Day immediately preceding the Fundamental Change Purchase Date, the Notes to be purchased, duly endorsed for transfer, together with the duly completed Form of
Fundamental Change Purchase Notice on the reverse side of any Note that such Holder is tendering for purchase (such notice, a “Fundamental Change Purchase Notice”) to the Paying Agent if the Notes that such Holder is delivering for
purchase are Certificated Notes, or (ii) comply with the Applicable Procedures if the Notes (or portions thereof) being delivered for purchase are Global Notes. The Fundamental Change Purchase Notice must state: 

(i) if the Notes being delivered for purchase are Certificated Notes, the certificate numbers of such Notes; 

(ii) the portion of the principal amount of Notes to be purchased, which portion must be $1,000 or an integral multiple
thereof; and 

  
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 (iii) that such Notes shall be purchased by the Company pursuant to the terms and
conditions specified in this Article 3 and in the Notes. 
 (b) In the case of Certificated Notes, unless and until the Paying Agent receives
a validly endorsed and delivered Fundamental Change Purchase Notice, together with any Notes to which such Fundamental Change Purchase Notice pertains, in a form that conforms with the description contained in such Fundamental Change Purchase Notice
in all material aspects, the Holder submitting the Notes shall not be entitled to receive the Fundamental Change Purchase Price for such Notes. 

(c) After delivering a Fundamental Change Purchase Notice to the Paying Agent, a Holder may withdraw such Fundamental Change Purchase Notice
(in whole or in part) by delivering to the Paying Agent a written notice of withdrawal at any time prior to the Close of Business on the Business Day immediately preceding the Fundamental Change Purchase Date. Such notice of withdrawal shall state:

 (i) the principal amount of any Notes with respect to which the Fundamental Change Purchase Notice is to be withdrawn,
which must equal $1,000 or an integral multiple thereof; 
 (ii) if the Notes to be withdrawn are Certificated Notes, the
certificate numbers of the Notes to be withdrawn; and 
 (iii) the principal amount, if any, which amount must equal $1,000
or an integral multiple thereof, that remains subject to the original Fundamental Change Purchase Notice. 
 In the case of a Global Note, the beneficial
owner of an interest therein who has surrendered such interest for repurchase pursuant to this Article 3 must comply with Applicable Procedures to withdraw such repurchase request. 

Section 3.04 Effect of Fundamental Change Purchase Notice. 

(a) If a Holder validly delivers to the Paying Agent a Fundamental Change Purchase Notice (together with all necessary endorsements) with
respect to a Note, such Holder may no longer convert such Note unless and until such Holder validly withdraws such Fundamental Change Purchase Notice in accordance with Section 3.03(c) above. 

(b) Upon the Paying Agent’s receipt of (x) a valid Fundamental Change Purchase Notice (together with all necessary endorsements) and
(y) the Notes to which such Fundamental Change Purchase Notice pertains, the Holder of Notes to which such Fundamental Change Purchase Notice pertains shall be entitled, except to the extent such Holder has validly withdrawn such Fundamental
Change Purchase Notice in accordance with Section 3.03(c) above, to receive the Fundamental Change Purchase Price with respect to such Notes promptly on the later of (i) the Fundamental Change Purchase Date and (ii) if the Notes are
Certificated Notes, the date of delivery of such Notes to the Paying Agent, or, if the Notes are Global Notes, the date of book-entry transfer. 

  
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 (c) If, on the Fundamental Change Purchase Date, the Company, in accordance with
Section 3.05 below, has deposited with the Paying Agent money sufficient to pay the Fundamental Change Purchase Price of all of the Notes for which the Holders thereof have delivered and not validly withdrawn a Fundamental Change Purchase
Notice in accordance with Section 3.03 above: 
 (i) such Notes shall cease to be outstanding and interest shall cease
to accrue thereon (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent, as the case may be); and 

(ii) all other rights of the Holders with respect to the tendered Notes shall terminate (other than the right to receive
payment of the Fundamental Change Purchase Price upon delivery or transfer of the Notes, and previously accrued and unpaid interest, if any). 

Section 3.05 Deposit of Fundamental Change Purchase Price. Prior to 11:00 a.m., New York City time, on the Fundamental Change
Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent (or, if the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 5.05(b)) an amount of cash (in immediately available
funds if deposited on such Business Day), sufficient to pay the aggregate Fundamental Change Purchase Price of all the Notes or portions thereof which are to be purchased as of the Fundamental Change Purchase Date. 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 close of business on the Business Day immediately preceding the Fundamental Change Purchase Date) will
be made on the later of (i) the Fundamental Change Purchase Date (provided the Holder has satisfied the conditions in Section 3.03) and (ii) the time of book-entry transfer or the delivery of such Note to the Trustee (or other
Paying Agent appointed by the Company) by the Holder thereof in the manner required by Section 3.03 by mailing checks for the amount payable to the Holders of such Notes entitled thereto as they shall appear in the 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. 

Section 3.06 Notes Purchased in Part. Any Certificated Note that is to be purchased only in part shall be surrendered at the
office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or such Holder’s
attorney-in-fact duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Note, without service charge, a new Note or Notes, of any authorized denomination as requested by such
Holder in aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the Note so surrendered which is not purchased, or in the case of a Global Note, the Company shall instruct the Registrar to decrease such
Global Note by the principal amount of the purchased portion of the Note surrendered. 

  
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 Section 3.07 Covenant to Comply with Securities Laws Upon Purchase of the Notes. In
connection with any offer to purchase Notes under this Article 3, the Company shall, if required, (a) comply with the provisions of the tender offer rules under the Exchange Act that may then be applicable, (b) file a Schedule TO (or any
successor form thereto) and any other required schedule under the Exchange Act, and (c) otherwise comply with all applicable U.S. federal and state securities laws, in each case so as to permit the rights and obligations under this Article 3 to
be exercised in the time and in the manner specified herein. 
 Section 3.08 Repayment to the Company. To the extent that the
aggregate amount of cash deposited by the Company pursuant to Section 3.05 exceeds the aggregate Fundamental Change Purchase Price of the Notes or portions thereof which the Company is obligated to purchase as of the Fundamental Change Purchase
Date, then, unless otherwise agreed in writing with the Company, promptly after the Business Day following the Fundamental Change Purchase Date, the Paying Agent shall, subject to Section 8.06, return any such excess to the Company. 

Section 3.09 Covenant Not to Purchase Notes Upon Certain Events of Default. 

(a) Notwithstanding anything to the contrary in this Article 3, the Company shall not purchase any Notes under this Article 3 if there has
occurred and is continuing an Event of Default with respect to the Notes, unless the payment by the Company of the Fundamental Change Purchase Price will cure such Event of Default. 

(b) If a Fundamental Change Purchase Notice is delivered and, on the Fundamental Change Purchase Date, such Fundamental Change Purchase Notice
has not been validly withdrawn in accordance with Section 3.03(c) above, and, pursuant to this Section 3.09, the Company is not permitted to purchase Notes, the Paying Agent will deem withdrawn such Fundamental Change Purchase Notice. 

(c) If a Holder tenders a Note for purchase pursuant to this Article 3 and, on the Fundamental Change Purchase Date, pursuant to this
Section 3.09, the Company is not permitted to purchase such Note, the Paying Agent will (i) if such Note is a Certificated Note, return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the
Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note. 
 Section 3.10 Exchange in Lieu
of Conversion. 
 (a) Notwithstanding any other provision of this Section 3.10, when a Holder surrenders Notes for conversion and
the Conversion Date for such Note occurs prior to June 4, 2020, the Company may, at its election, direct the Conversion Agent to surrender, on or prior to the Scheduled Trading Day immediately preceding the first Trading Day of the applicable
Observation Period (or, if the Company has elected Physical Settlement, on or prior to the second Business Day immediately following the relevant Conversion Date), such Notes to a financial institution designated by the Company for exchange in lieu
of conversion. In order to accept any Notes surrendered for conversion, the designated financial institution must agree to pay and/or deliver, as the case may be, in exchange for such Notes, the Settlement Amount due upon conversion. By the Close of
Business on the Scheduled Trading Day immediately preceding the first Trading Day of the applicable Observation Period (or, if the Company has 

  
 27 

 
elected Physical Settlement, by the Close of Business on the second Business Day immediately following the relevant Conversion Date), the Company will notify the Holder surrendering Notes for
conversion that it has directed the designated financial institution to make an exchange in lieu of conversion. 
 (b) If the designated
financial institution accepts any such Notes, it will pay and/or deliver, as the case may be, the Settlement Amount due upon conversion to the Conversion Agent, and the Conversion Agent will pay and/or deliver such Settlement Amount to such Holder
on the third Business Day immediately following the last Trading Day of the applicable Observation Period (or, if the Company has elected Physical Settlement, on the third Business Day immediately following the relevant Conversion Date). Any Notes
exchanged by the designated institution will remain outstanding. If the designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver the related Settlement Amount, or if such designated financial
institution does not accept the Notes for exchange, the Company will convert the Notes and pay and/or deliver, as the case may be, the Settlement Amount due upon conversion on the third Business Day immediately following the last Trading Day of the
applicable Observation Period (or, if the Company has elected Physical Settlement, on the third Business Day immediately following the relevant Conversion Date). 

(c) The Company’s designation of a financial institution to which the Notes may be submitted for exchange does not require the financial
institution to accept any Notes (unless the financial institution has separately made an agreement with the Company to do so). The Company may, but is not obligated to, enter into a separate agreement with any designated financial institution that
would compensate it for any such transaction. 
 ARTICLE 4. 

OPTIONAL REDEMPTION 

Section 4.01 No Optional Redemption. No sinking fund is provided for the Notes. The Notes will not be redeemable at the
Company’s option prior to the Maturity Date. 
 ARTICLE 5. 

COVENANTS 
 Section 5.01
Payment of the Notes. 
 (a) The Company shall promptly make all payments on the Notes on the dates, in the manner and as otherwise
required under the Notes or this Indenture. If the Company is required to pay any amounts of cash to the Trustee, the Paying Agent or the Conversion Agent, such amounts of cash shall be deposited by the Company with the Trustee, the Paying Agent or
the Conversion Agent by 11:00 a.m., New York City time, on the required date. Interest on Certificated Notes shall be payable (i) to a Holder of a Certificated Note having an aggregate principal amount of $2,000,000 or less, by check mailed to
such Holder at its address as it appears in the Register and (ii) to a Holder of a Certificated Note having an aggregate principal amount of more than $2,000,000, either by check mailed to such Holder or, upon written application by such Holder
to the Registrar prior to the relevant Record Date, by wire transfer in immediately available funds to such Holder’s account within the United States, which 

  
 28 

 
application shall remain in effect until the Holder notifies, in writing, the Registrar to the contrary. The Company shall make all payments of principal and interest on Global Notes in
immediately available funds to the Depositary or its nominee, in accordance with Applicable Procedures. 
 (b) The Company shall make any
required interest payments, if any, to the Person in whose name each Note is registered at the Close of Business on the Record Date for such interest payment. The principal, accrued and unpaid interest, if any, or payment of the Fundamental Change
Purchase Price shall be considered paid on the applicable date due if on such date the Trustee or the Paying Agent holds, in accordance with this Indenture, cash sufficient to pay all such amounts then due. 

Section 5.02 SEC and Other Reports. 

(a) The Company shall file with the Trustee within 15 days after the same are required to be filed with the SEC, copies of any documents or
reports that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act). Any such document or report that the Company files
with the SEC via the SEC’s EDGAR system shall be deemed to be filed with the Trustee for purposes of this Section 5.02(a) at the time such documents are filed via the EDGAR system. 

(b) If, at any time during the period beginning on, and including, the date that is six months after the Last Original Issuance Date of the
Notes, the Company fails to timely file any report that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (after giving effect to all applicable grace periods thereunder and other than reports on
Form 8-K), or the Notes are not otherwise freely tradable, including pursuant to Rule 144, by Holders other than the Company’s Affiliates or Holders that were Affiliates of the Company during the 90 days immediately preceding the date of the
proposed transfer (as a result of restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes), the Company shall pay Additional Interest on the Notes, which shall accrue at a rate of 0.50% per annum, from
and including the later of the date six months after the Last Original Issuance Date and the first date on which such failure to file exists or the Notes are not freely tradable, as the case may be, until the earlier of (i) the Scheduled Free
Trade Date and (ii) the date on which such failure to file has been cured (if applicable) and the Notes are freely tradable. 
 (c) In
addition, the Company shall pay Additional Interest on the Notes, which shall accrue at a rate of 0.50% per annum, if, and for so long as, the Restricted Securities Legend on the Notes has not been removed, the Notes are assigned a
restricted CUSIP or the Notes are not otherwise freely tradable, including pursuant to Rule 144, by Holders other than the Company’s Affiliates or Holders that were Affiliates of the Company during the 90 days immediately preceding the date of
the proposed transfer (without restrictions pursuant to U.S. securities laws or the terms of this Indenture or the Notes), in each case, on or after the date five Business Days immediately following the Scheduled Free Trade Date. 

  
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 (d) Subject to Section 7.01(c), any Additional Interest payable in accordance with this
Section 5.02 shall be in addition to, and not in lieu of, any Additional Interest that may be payable as a result of the Company’s election pursuant to Section 7.01. 

(e) Additional Interest will be payable in arrears on each Interest Payment Date following accrual in the same manner as regular interest on
the Notes. 
 (f) If the Company is required to pay Additional Interest to Holders pursuant to clause (b) or (c) above, the Company
shall provide an Officer’s Certificate to the Trustee (and if the Trustee is not the Paying Agent, to the Paying Agent) to that effect, which shall be delivered in accordance with Section 14.02 no later than three Business Days prior to
the date on which any such Additional Interest is scheduled to be paid and shall make explicit reference to this Indenture, the Notes and the Company. Such Officer’s Certificate shall set forth the amount of Additional Interest to be paid by
the Company on such payment date and direct the Trustee (or, if the Trustee is not the Paying Agent, the Paying Agent) to make payment to the extent it receives funds from the Company to do so. Unless and until the Trustee receives such an
Officer’s Certificate, subject to Article 8, the Trustee may assume without inquiry that no such Additional Interest is payable. The Trustee shall not at any time be under any duty or responsibility to any Holder of Notes to determine the
Additional Interest, or with respect to the nature, extent, or calculation of the amount of Additional Interest owed, or with respect to the method employed in such calculation of the Additional Interest. 

(g) Delivery of any such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of
such shall not constitute actual or constructive knowledge or notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which
the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 5.03 Compliance Certificate. Within 120
days after the end of each fiscal year (beginning with the fiscal year ending December 31, 2013) of the Company, the Company shall deliver to the Trustee at its Corporate Trust Office in accordance with Section 14.01, making specific
reference to this Indenture, the Notes and the Company, an Officer’s Certificate indicating whether each signer thereof knows of any Default that occurred during the previous year and, if so, shall specify each such Default and the nature and
status thereof of which it may have knowledge and what action the Company is taking or proposes to take in respect thereof. 

Section 5.04 Further Instruments and Acts. Upon request of the Trustee, the Company will execute and deliver such further
instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture. 

Section 5.05 Provisions as to Paying Agent. 

(a) If the Company shall appoint a Paying Agent other than the Trustee, the Company will cause such Paying Agent to execute and deliver to the
Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 5.05: 

  
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 (i) that it will hold all sums held by it as such agent for the payment of the
principal (including the Fundamental Change Purchase Price, if applicable) of, and accrued and unpaid interest on, the Notes in trust for the benefit of the Holders of Notes; 

(ii) that it will give the Trustee prompt notice of any failure by the Company to make any payment of the principal (including
the Fundamental Change Purchase Price, if applicable) of, and accrued and unpaid interest on, the Notes when the same shall be due and payable; and 

(iii) that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay to the
Trustee all sums so held in trust. 
 The Company shall, on or before each due date of the principal (including the Fundamental Change
Purchase Price, if applicable) of, or accrued and unpaid interest on, the Notes, deposit with the Paying Agent a sum sufficient to pay such principal (including the Fundamental Change Purchase Price, if applicable) or accrued and unpaid interest,
and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee 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 due date. 
 (b) If the Company shall act as its own Paying Agent, it will, on or before each due date of
the principal (including the Fundamental Change Purchase Price, if applicable) of, and accrued and unpaid interest on, the Notes, set aside, segregate and hold in trust for the benefit of the Holders of Notes a sum sufficient to pay such principal
(including the Fundamental Change Purchase Price, if applicable) and accrued and unpaid interest so becoming due and will promptly notify the Trustee in writing of any failure to take such action and of any failure by the Company to make any payment
of the principal (including the Fundamental Change Purchase Price, if applicable) of, or accrued and unpaid interest on, the Notes when the same shall become due and payable. 

(c) Anything in this Section 5.05 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, cause to be paid or deliver to the Trustee all sums or amounts held in trust by the Company or any Paying Agent hereunder as required by this Section 5.05, such sums or
amounts to be held by the Trustee upon the trusts herein contained and upon such payment or delivery by the Company or any Paying Agent to the Trustee, the Company or such Paying Agent shall be released from all further liability but only with
respect to such sums or amounts. 
 Any money and shares of Common Stock deposited with the Trustee or any Paying Agent, or then held by the
Company, in trust for the payment of the principal (including the Fundamental Change Purchase Price, if applicable) of, accrued and unpaid interest on and the consideration due upon conversion of, any Note and remaining unclaimed for two years after
such principal (including the Fundamental Change Purchase Price, if applicable), interest or the consideration due upon conversion has become due and payable shall be paid to the Company on request of the Company contained in an Officer’s
Certificate, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or

  
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such Paying Agent with respect to such trust money and shares of Common Stock, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that
the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of
general circulation in the Borough of Manhattan, New York City, notice that such money and shares of Common Stock remain unclaimed and that, after a date specified therein, which shall not be less than 30 calendar days from the date of such
publication, any unclaimed balance of such money and shares of Common Stock then remaining will be repaid or delivered to the Company. 

Section 5.06 Delivery of Certain Information. If, at any time, the Company is not subject to the reporting requirements of the
Exchange Act, the Company shall, so long as any of the Notes or any shares of Common Stock issuable upon conversion thereof will, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities
Act, upon the request of any Holder, beneficial owner or prospective purchaser of the Notes or any shares of Common Stock issuable upon the conversion of the Notes, promptly furnish to such Holder, beneficial owner or prospective purchaser the
information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of the Notes or such shares of Common Stock pursuant to Rule 144A, as such rule may be amended from time to time. 

ARTICLE 6. 
 CONSOLIDATION, MERGER
AND SALE OF ASSETS 
 Section 6.01 Company May Consolidate, Merge or Sell Its Assets on Certain Terms. The Company shall not
consolidate with, merge with or into or enter into any similar transaction with, or convey, transfer or lease all or substantially all of its property and assets to, any Person unless: 

(a) the resulting, surviving or transferee Person, if not the Company, (the “Successor Company”) is (and, if the Company will
remain a party to the Notes and this Indenture after giving effect to such transaction and the requirements in respect thereof under this Indenture, the Company is) a corporation organized and validly existing under the laws of the United States of
America, any State thereof or the District of Columbia, and such Successor Company (if other than the Company) expressly assumes, by executing and delivering to the Trustee a supplemental indenture, all of the Company’s obligations under the
Notes and under this Indenture; 
 (b) immediately after giving effect to such transaction, no Default or Event of Default has occurred or is
continuing; and 
 (c) the Company and the Successor Company (if other than the Company) shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel stating that: 
 (i) each of (x) such consolidation, merger (or
similar transaction), conveyance, transfer or lease and (y) such supplemental indenture comply with this Article 6; and 

  
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 (ii) all conditions precedent provided herein relating to such transaction have
been complied with. 
 For purposes of this Section 6.01, any conveyance, transfer or lease of properties and assets of one or more
Subsidiaries of the Company that would, if the Company had held such properties and assets directly, have constituted the conveyance, transfer or lease of substantially all of the Company’s properties and assets shall be treated as such
hereunder. 
 Section 6.02 Successor Corporation to be Substituted. Upon any such consolidation, merger (or similar
transaction), conveyance, transfer or lease and 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,
accrued and unpaid interest, if any, on all of the Notes, the due and punctual delivery or payment, as the case may be, of any consideration due upon conversion of the Notes and the due and punctual performance of all of the covenants and conditions
of this Indenture to be performed by the Company, such Successor Company shall succeed to and, except in the case of a lease of all or substantially all of the Company’s property and assets, be substituted for the Company, 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 in its own name, any or all of the Notes issuable hereunder which theretofore shall not have been signed by the
Company and delivered to the Trustee; and, upon the order of such Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver, or
cause to be authenticated and delivered, any Notes that 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. Upon any such consolidation, merger (or similar
transaction), conveyance or transfer (but not upon a lease), the Person named as the “Company” in the first paragraph of this Indenture or any successor that shall thereafter have become such in the manner prescribed in this Article 6 may
be dissolved, wound up and liquidated at any time thereafter and, except in the case of a lease, 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 (or similar transaction), conveyance, transfer or lease, changes in phraseology and form (but not in
substance) may be made in the Notes thereafter to be issued as may be appropriate. 
 ARTICLE 7. 

DEFAULTS AND REMEDIES 

Section 7.01 Events of Default. 

(a) Each of the following events shall constitute an “Event of Default”: 

(i) the Company defaults in the payment of interest on any Note when the same becomes due and payable and such default
continues for a period of 30 days; 

  
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 (ii) the Company defaults in the payment of the principal of any Note when the
same becomes due and payable at the Maturity Date, upon declaration of acceleration, upon any Fundamental Change Purchase Date or otherwise; 

(iii) the failure by the Company to deliver the consideration due upon the conversion of any Notes and such failure continues
for a period of five Business Days; 
 (iv) the failure by the Company to give a Fundamental Change Notice in accordance with
Section 3.02, a notice of a Make-Whole Fundamental Change in accordance with Section 11.07 or a Specified Corporate Transaction Notice in accordance with Section 11.01(b)(iv), in each case when due; 

(v) the failure by the Company to comply with its obligations under Article 6 hereof; 

(vi) the default by the Company in the performance of, or the breach of any other covenant or agreement of the Company in, the
Notes or this Indenture (other than a covenant or agreement in respect of which a default or breach is specifically addressed in Sections 7.01(a)(i) through 7.01(a)(v) above) and such default or breach continues for a period of 60 consecutive days
after written notice of such default is delivered to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of Notes then outstanding; 

(vii) a default by the Company or any of its Subsidiaries under any mortgage, indenture or instrument under which there may be
issued, or by which there may be secured or evidenced, any indebtedness of the Company and/or any of its Subsidiaries for money borrowed in excess of $30,000,000 in the aggregate, whether such indebtedness exists as of the Issue Date or is
thereafter created, which default (1) results in such indebtedness becoming or being declared due and payable or (2) constitutes a failure to pay the principal or interest of any such indebtedness when due and payable at its stated
maturity, upon required repurchase, upon declaration of acceleration or otherwise, and such acceleration shall not have been rescinded or annulled or such failure to pay shall not have been cured, as the case may be, within 30 days after written
notice to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of Notes then outstanding has been received; 

(viii) a final judgment for the payment of $30,000,000 or more (excluding any amounts covered by insurance) rendered against
the Company or any Subsidiary of the Company, which judgment is not discharged or stayed within 60 days after (1) the date on which the right to appeal thereof has expired if no such appeal has commenced, or (2) the date on which all
rights to appeal have been extinguished; 
 (ix) the Company or any then-current Significant Subsidiary thereof shall
commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to the Company or any such Significant Subsidiary 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 

  
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official of the Company or any such Significant Subsidiary 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 

(x) an involuntary case or other proceeding shall be commenced against the Company or any then-current Significant Subsidiary
thereof seeking liquidation, reorganization or other relief with respect to the Company or such Significant Subsidiary 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 such Significant Subsidiary or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a
period of 60 consecutive days. 
 (b) Within the 30 days immediately following the occurrence of an Event of Default or any Default, the
Company shall deliver to the Trustee at its Corporate Trust Office, in accordance with Section 14.01, written notice thereof in the form of an Officer’s Certificate describing each Event of Default or Default that has occurred and is
continuing and its status and explaining what action the Company is taking or proposes to take in respect thereof, which notice shall make explicit reference to this Indenture, the Notes and the Company. 

(c) Notwithstanding anything to the contrary in the Notes or elsewhere in this Indenture, at the election of the Company, the sole remedy of
Holders for an Event of Default relating to the failure by the Company to comply with its obligation to file reports, information or documents with the Trustee pursuant to Section 5.02(a) (the “Company’s Filing
Obligations”) shall (i) for the first 90 days after the occurrence of such an Event of Default (beginning on, and including, the date on which such an Event of Default first occurs), consist exclusively of the right to receive
Additional Interest on the Notes equal to 0.25% per annum of the principal amount of such Notes outstanding for each day during such 90-day period on which such Event of Default is continuing and (ii) for the period from, and
including, the 91st day after the occurrence of such an Event of Default to, and including, the 180th day after the occurrence of such an Event of Default, consist exclusively of the right to receive Additional Interest on the Notes equal to
0.50% per annum of the principal amount of such Notes outstanding for each day during such additional 90-day period on which such Event of Default is continuing. If the Company makes such election to pay Additional Interest, such
Additional Interest shall be payable in arrears on each Interest Payment Date following the date on which such Event of Default first occurred in the same manner as stated interest payable on the Notes. On the 181st day following the date on which
such Event of Default first occurred (if the failure to comply with the Company’s Filing Obligations is not cured or waived prior to such 181st day), the Notes shall be subject to acceleration as provided in Section 7.02. The provisions
contained in this Section 7.01(c) shall not affect the rights of Holders in the event of the occurrence of any other Event of Default. In the event the Company does not elect to pay Additional Interest following an Event of Default in
accordance with this Section 7.01(c) or the Company elected to make such payment but does not pay the Additional Interest when due, the Notes will immediately be subject to acceleration as provided in Section 7.02. In order to elect to pay
Additional Interest as the sole remedy for the first 180 days after the occurrence of an Event of Default relating to the 

  
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failure by the Company to comply with the Company’s Filing Obligations, the Company must notify, in the manner provided for in Section 14.01, all Holders of Notes, the Paying Agent and
the Trustee of such election at any time on or before the date on which such Event of Default first occurs (which notice shall include a statement as to the date from which Additional Interest is payable and, in the case of the Trustee, shall be
delivered to its Corporate Trust Office and shall make explicit reference to this Indenture, the Notes and the Company). Unless and until a Trust Officer receives at the Corporate Trust Office such notice, the Trustee may assume without inquiry that
no Additional Interest is payable. The Trustee shall not at any time be under any duty or responsibility to any Holder of Notes to determine the Additional Interest, or with respect to the nature, extent, or calculation of the amount of Additional
Interest owed, or with respect to the method employed in such calculation of the Additional Interest. Upon failure by the Company to timely give such notice to pay such Additional Interest, or if the Company has provided such notice but has failed
to pay such Additional Interest, the Notes shall be immediately subject to acceleration as provided in Section 7.02. If Additional Interest has been paid by the Company directly to the Persons entitled to it, the Company shall deliver to the
Trustee a certificate setting forth the particulars of such payment. 
 In no event will the Additional Interest described in the
immediately preceding paragraph, together with any Additional Interest that may accrue as a result of the Company’s failure to timely file any document or report that the Company is required to file with the SEC pursuant to Section 13 or
15(d) of the Exchange Act, as applicable (after giving effect to all applicable grace periods thereunder and other than reports on Form 8-K), as described in Section 5.02, accrue at a rate in excess of 0.50% per annum pursuant to
this Indenture, regardless of the number of events or circumstances giving rise to the requirement to pay such Additional Interest. 

Section 7.02 Acceleration. If an Event of Default (other than an Event of Default specified in Section 7.01(a)(ix) or
7.01(a)(x) with respect to the Company) occurs and is continuing, and in each and every such case, except for any Notes the principal of which shall have already become due and payable, either the Trustee, by notice to the Company, or the Holders of
at least 25% in aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare 100% of the principal amount of, and accrued and unpaid interest on,
all of the Notes then outstanding, to be due and payable immediately, and upon such a declaration, the same shall be immediately due and payable. If an Event of Default specified in Section 7.01(a)(ix) or 7.01(a)(x) occurs with respect to the
Company, 100% of the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding shall, automatically and without any notice or other action by the Trustee or any Holder, be and become immediately due and payable,
to the fullest extent permitted by applicable law. The Holders of a majority in aggregate principal amount of Notes at the time outstanding, by written notice to the Trustee and the Company, and without notice to any other Holder, may rescind any
acceleration of the Notes if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all existing Events of Default, other than the nonpayment of the principal of and interest on the
Notes that has become due solely by such acceleration, have been cured or waived. Any such rescission shall not affect any subsequent Default or impair any right consequent thereon. 

  
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 Section 7.03 Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy to collect the payment of principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Purchase Price on the Notes or to enforce the performance of any provision of the Notes or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of the Notes in the
proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative. 
 Section 7.04 Waiver of Defaults. The Holders of a
majority in aggregate principal amount of Notes at the time outstanding, by written notice to the Trustee and the Company and without notice to any other Holder, may waive any current or past Default or Event of Default, except with respect to
(a) any failure by the Company to pay the principal of or accrued interest on the Notes (including the Fundamental Change Purchase Price, if applicable), (b) any failure by the Company to comply with its obligations to purchase Notes when
required to do so under Article 3, (c) any failure by the Company to pay or deliver, as the case may be, the consideration due upon conversion of the Notes or (d) any covenant or provision of this Indenture or the Notes that under
Section 10.02 cannot be modified or amended without the consent of all Holders. Any such waiver shall not affect any subsequent or other Default or impair any right consequent thereon. 

Section 7.05 Control by Majority. The Holders of a majority in aggregate principal amount of Notes at the time outstanding may
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee; provided that (i) the Trustee may refuse to follow any direction that
conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or would involve the Trustee in personal liability and (ii) for the avoidance of doubt, the Trustee may take any other
action deemed proper by the Trustee that is not inconsistent with such direction. Subject to Article 8, if an Event of Default has occurred and is continuing, the Trustee shall be under no obligation to exercise any of its rights or powers hereunder
at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense caused by taking such action. 

Section 7.06 Limitation on Suits. Except to enforce its rights as provided in Section 7.07, no Holder may institute any
proceeding, judicial or otherwise, with respect to this Indenture or the Notes, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(a) such Holder shall have previously given to the Trustee written notice that an Event of Default has occurred and is continuing; 

(b) the Holders of at least 25% in aggregate principal amount of Notes at the time outstanding shall have made a written request to the Trustee
to take such action; 

  
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 (c) such Holder or Holders shall have offered to the Trustee security or indemnity satisfactory
to the Trustee against the costs and other liabilities of compliance with such written request; 
 (d) the Trustee shall not have complied
with such written request during the first 60 days after receiving such notice, request and offer of security or indemnity; and 
 (e) during
such 60-day period, the Holders of a majority in aggregate principal amount of the outstanding Notes shall not have given the Trustee a direction inconsistent with such written request. 

A Holder may not use this Indenture to prejudice the rights of any other Holder or to obtain a preference or priority over any other Holder
(it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such use prejudices the rights of such other Holder or obtains a preference or priority over such Holder). 

Section 7.07 Rights of Holders to Receive Payment; Suit Therefor. Notwithstanding any other provision of this Indenture, each
Holder shall have the right to receive payment or delivery, as the case may be, of (i) the principal (including the Fundamental Change Purchase Price, if applicable) of, (ii) accrued and unpaid interest on, and (iii) the consideration
due upon conversion of, its Notes, on or after the respective due dates expressed or provided for in this Indenture, or to institute suit for the enforcement of any such payment or delivery, as the case may be, and such right to receive such payment
or delivery, as the case may be, on or after such respective dates shall not be impaired or affected without the consent of such Holder and shall not be subject to the requirements of Section 7.06. Payments of the Fundamental Change Purchase
Price, cash due upon conversion (if any), and principal and interest that are not made when due shall accrue interest per annum at the then-applicable interest rate from the applicable required payment date. 

Section 7.08 Collection Suit by Trustee. If an Event of Default specified in Section 7.01(a)(i) or 7.01(a)(ii) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest, if any, to the extent lawful) and the amounts
provided for in Section 8.06. 
 Section 7.09 Trustee May File Proofs of Claim. The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its property and, unless prohibited by law or
applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any custodian in any such judicial proceeding is hereby authorized by each Holder to make payments
to the Trustee and, if the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its
counsel, and any other amounts due the Trustee under Section 8.06. 

  
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 Section 7.10 Priorities. Any monies collected by the Trustee pursuant to this Article
7 with respect to the Notes and any other monies or property distributable in respect of the Company’s obligations under this Indenture following an Event of Default specified in Section 7.01(a)(ix) or Section 7.01(a)(x) with respect
to the Company shall be applied in the following order: 
 FIRST: to the Trustee (including any predecessor trustee) for amounts due under
Section 8.06; 
 SECOND: to Holders for amounts due and unpaid on the Notes for principal, accrued and unpaid interest, if any, payment
of the Fundamental Change Purchase Price and the cash deliverable upon conversion of the Notes then submitted for conversion, as the case may be, ratably, without preference or priority of any kind, according to such amounts due and payable on the
Notes; and 
 THIRD: the balance, if any, to the Company. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 7.10. 

Section 7.11 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 7.11 does not
apply to a suit by the Trustee, a suit by a Holder pursuant to Section 7.07 or a suit by Holders of more than 10% in aggregate principal amount of Notes at the time outstanding. 

Section 7.12 Waiver of Stay or Extension Laws. The Company (to the extent it may lawfully do so) shall not at any time insist
upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the
Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the
execution of every such power as though no such law had been enacted. 
 ARTICLE 8. 

TRUSTEE 
 Section 8.01
Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and
powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use in the conduct of such person’s own affairs. 

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

(i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no
implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad
faith or negligence on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of
this Indenture; provided, however, that the Trustee will examine the certificates and opinions to determine whether they conform to the requirements set forth in this Indenture (but need not confirm or investigate the accuracy of any
mathematical calculations or other facts, statements, opinions or conclusions stated therein). 
 (c) The Trustee may not be relieved from
liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) this sub-section (c) does not limit the effect of the remainder of this Section 8.01; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with respect to
any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 7.05 hereof, or exercising any trust or power conferred upon the Trustee under this Indenture absent negligence or willful
misconduct. 
 (d) All monies received by the Trustee shall, until delivered to the applicable Holders as herein provided, be held in trust
in a non-interest bearing account 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. 

(e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the
performance of any of its duties hereunder or in the exercise of any of its rights or powers. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. The
Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties hereunder. 
 (f) Whether
herein expressly so 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 Article 8, and the provisions of this Article 8
shall apply to the Trustee, Registrar, Paying Agent, Bid Solicitation Agent and Conversion Agent. 

  
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 (g) The Trustee shall not be deemed to have notice or be charged with knowledge of any Default or
Event of Default, other than a failure by the Company to make any payment hereunder when due, unless (i) written notice of such default or Event of Default from the Company or any Holder is received by a Trust Officer of the Trustee at the
Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture or (ii) a Trust Officer shall have actual knowledge thereof. 

Section 8.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in
any such resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document. The Trustee may, however, in its discretion make
such further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole expense of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting at the direction of the Company, it may require an Officer’s Certificate or an Opinion
of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officer’s Certificate or Opinion of Counsel and may conclusively rely upon such Officer’s Certificate or Opinion of
Counsel. 
 (c) The Trustee may act through agents, attorneys or custodians and shall not be responsible for the misconduct or negligence of
any agent, attorney or custodian appointed with due care hereunder. 
 (d) The Trustee shall not be liable for any action it takes or omits
to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel of its own selection, and the advice or opinion of counsel with respect to legal matters relating to
this Indenture and the Notes shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

(f) The permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so specified herein.

  
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 (g) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it
by this Indenture at the request or direction of any of the Holders, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction. 
 (h) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder, including, without
limitation, the Registrar, Paying Agents, Bid Solicitation Agent and Conversion Agent. 
 (i) The Trustee may request that the Company
deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign an Officer’s
Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 
 (j) Anything
in this Indenture notwithstanding, in no event shall the Trustee be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as
to the likelihood of such loss or damage and regardless of the form of action. 
 (k) Any request or direction of the Company mentioned
herein shall be sufficiently evidenced by a Company Order or any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution. 

Section 8.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
the Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, Bid Solicitation Agent (if other than the Company), Conversion Agent or co-Registrar may do
the same with like rights. However, the Trustee must comply with Section 8.10. 
 Section 8.04 Trustee’s Disclaimer.
The Trustee shall not be responsible for and makes no representation as to the validity, sufficiency, priority or adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes, and it
shall not be responsible for any statement of the Company in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. The Trustee shall have no
duty to monitor or investigate the Company’s compliance with or the breach of, or cause to be performed or observed, any representation, warranty, or covenant, or agreement of any Person, other than the Trustee, made in this Indenture. 

Section 8.05 Notice of Defaults. If a Default or Event of Default occurs and is continuing and is known to the Trustee, the
Trustee shall mail to each Holder notice of such Default or Event of Default within 90 days after it occurs, or if later, as soon as the Trustee learns of such Default; provided that except in the case of a Default described in
Section 7.01(a)(i), 7.01(a)(ii) or 7.01(a)(iii), the Trustee may withhold the notice if and so long as the board of directors, the executive committee or a trust committee of directors or Trust Officers of the Trustee in good faith determines
that withholding the notice is in the interests of the Holders. 

  
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 Section 8.06 Compensation and Indemnity. 

(a) The Company shall pay to the Trustee from time to time such compensation as shall be agreed upon from time to time in writing for all
services rendered by it hereunder in any capacity. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable
out-of-pocket fees and expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation, fees and expenses, disbursements and advances of the
Trustee’s agents, counsel, accountants and experts and of all Persons not regularly in its employ. The Company shall fully indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered into in
connection herewith against any and all loss, liability, claim, damage or expense (including reasonable attorneys’ fees and expenses) incurred by it in connection with the acceptance and administration of this trust and the performance of its
duties hereunder in any capacity, including the costs and expenses of defending itself against any claim (whether asserted by the Company, any Holder or any other Person). The Company need not reimburse any expense or indemnify against any loss,
liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence. All indemnifications and releases from liability granted hereunder to the Trustee shall extend to its officers, directors, employees,
agents, attorneys, custodians, successors and assigns. 
 (b) To secure the Company’s payment obligations under this Section 8.06,
the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay the principal, accrued and unpaid interest, if any, or payment of the Fundamental Change
Purchase Price on particular Notes. 
 (c) The Company’s payment obligations pursuant to this Section 8.06 shall survive the
resignation or removal of the Trustee and the discharge of this Indenture. If the Trustee incurs expenses (including the reasonable charges and expenses of its counsel) after the occurrence of a Default specified in Section 7.01(a)(ix) or
Section 7.01(a)(x) with respect to the Company, the expenses are intended to constitute expenses of administration under applicable bankruptcy laws. 

(d) “Trustee” for purposes of this Section shall include any predecessor Trustee; provided, however, that the
negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 
 (e) The
provisions of this Section shall survive the satisfaction and discharge of this Indenture, the termination for any reason of this Indenture, and the resignation or removal of the Trustee. 

  
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 Section 8.07 Replacement of Trustee. 

(a) The Trustee may resign at any time by notifying the Company in writing and by mailing notice thereof to the Holders at their addresses as
they shall appear on the Register. Upon receiving such notice of resignation, the Company shall promptly appoint a successor Trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall
be delivered to the resigning Trustee and one copy to the successor Trustee. If no successor Trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of resignation to the Holders, the
resigning Trustee may, at the expense of the Company, petition any court of competent jurisdiction for the appointment of a successor Trustee, or any Holder who has been a bona fide holder of a Note or Notes for at least six months may on behalf of
himself or herself and all others similarly situated, at the expense of the Company, petition any such court for the appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe,
appoint a successor Trustee. 
 (b) In case at any time any of the following shall occur: 

(i) the Trustee shall cease to be eligible in accordance with the provisions of Section 8.10 and shall fail to resign
after written request therefor by the Company or by any such Holder, or 
 (ii) 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 either 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 any Holder who has been a bona fide holder of a Note or Notes for at least six months may, on behalf of himself or herself and all others similarly
situated, at the expense of the Company, 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 Notes at the
time outstanding may at any time remove the Trustee and nominate a successor Trustee that shall be deemed appointed as successor Trustee, unless within ten days after notice to the Company of such nomination the Company objects thereto, in which
case the Trustee so removed or any Holder, upon the terms and conditions and otherwise as specified in clause (a) above, may at the expense of the Company, 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 8.07 shall become effective upon acceptance of appointment by the successor Trustee as provided in Section 8.08. 

Section 8.08 Acceptance by Successor Trustee. Any successor Trustee appointed as provided in Section 8.07 shall execute,
acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the 

  
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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 8.06, 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 prior to the
Notes on all money or property held or collected by the Trustee, other than money or property held in trust to pay the principal, accrued and unpaid interest, if any, or payment of the Fundamental Change Purchase Price on particular Notes, to secure
any amounts then due it pursuant to the provisions of Section 8.06. 
 No successor Trustee shall accept appointment as provided in
this Section 8.08 unless at the time of such acceptance such successor Trustee shall be eligible under the provisions of Section 8.10. 

Upon acceptance of appointment by a successor Trustee as provided in this Section 8.08, 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 Holders at their addresses as they shall appear on the Register. If the Company fails to mail such
notice within ten days after acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice to be mailed at the expense of the Company. 

Section 8.09 Successor Trustee by Merger. 

(a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets
(including administration of this Indenture) to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that if
such successor Trustee is not eligible to act as Trustee pursuant to Section 8.10, such successor Trustee shall promptly resign pursuant to Section 8.07. 

(b) In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created
by this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and in case at
that time any of the Notes shall not have been authenticated, any such successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee. 

Section 8.10 Eligibility; Disqualification. The Trustee must be a Person who is eligible to act as an indenture trustee under the
TIA and must have 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

  
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this Section, 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 specified in this Article. 

ARTICLE 9. 
 DISCHARGE OF INDENTURE

 Section 9.01 Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes
(other than Notes replaced pursuant to Section 2.07) for cancellation or (b) all outstanding Notes have become due and payable, whether at the Maturity Date, any Fundamental Change Purchase Date, upon conversion or otherwise, and the
Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash (and/or, if applicable, shares of Common Stock, solely to satisfy outstanding conversions) sufficient to pay, or, if applicable, satisfy the Company’s
Conversion Obligation with respect to, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.07), and, in either case, the Company pays all other sums payable hereunder by the Company with respect
to the outstanding Notes, then this Indenture shall, subject to Section 8.06, cease to be of further effect with respect to the Notes or any Holders. At the cost and expense of the Company, the Trustee shall acknowledge satisfaction and
discharge of this Indenture with respect to the Notes on demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel. 

ARTICLE 10. 
 AMENDMENTS 

Section 10.01 Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Notes without
the consent of any Holder to: 
 (a) cure any ambiguity, omission, defect or inconsistency in this Indenture or in the Notes; 

(b) conform the terms of this Indenture or the Notes to the “Description of Notes” section of the Offering Memorandum; 

(c) upon the occurrence of a Share Exchange Event, solely (i) provide that the Notes are convertible into Reference Property, subject to
Section 11.03, and (ii) effect the related changes to the terms of the Notes required by Section 11.06, in each case, in accordance with Section 11.06; 

(d) provide for the assumption by a Successor Company of the obligations of the Company under this Indenture pursuant to Article 6; 

(e) add guarantees with respect to the Notes; 

(f) secure the Notes; 
 (g) add to
the Company’s covenants or Events of Default for the benefit of the Holders or surrender any right or power conferred upon the Company; 

  
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 (h) irrevocably elect a Settlement Method or eliminate, in the aggregate, any one or two
Settlement Methods and/or irrevocably elect a Specified Dollar Amount; or 
 (i) make any change that does not adversely affect the rights of
any Holder. 
 Any amendment or supplement to this Indenture authorized by the provisions of this Section 10.01 may be executed by the
Company and the Trustee without the consent of the Holders of any of the Notes at the time outstanding, notwithstanding any of the provisions of Section 10.02. 

Section 10.02 With Consent of Holders. With the written consent of the Holders of at least a majority in aggregate principal
amount of Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Notes), by Act of such Holders delivered to the Company and the Trustee, the Company,
when authorized by a Board Resolution, may amend or supplement this Indenture or the Notes or may prospectively waive compliance with any provisions of the Notes or this Indenture; provided, however, that, without the consent of each
Holder of an outstanding Note affected thereby, no amendment or supplement to this Indenture or the Notes may: 
 (a) reduce the percentage
in aggregate principal amount of Notes whose Holders must consent to an amendment of this Indenture; 
 (b) reduce the rate of or extend the
stated time for payment of interest on any Note; 
 (c) reduce the principal amount or change the Maturity Date of any Note; 

(d) make any change that impairs or adversely affects the conversion rights of any Notes under Article 11 hereof or reduces the consideration
due upon conversion; 
 (e) reduce the Fundamental Change Purchase Price of any Note or amend or modify in any manner adverse to the Holders
the Company’s obligation to make such payments; 
 (f) make any Note payable in a currency other than that stated in the Note; 

(g) change the ranking of the Notes; 

(h) impair the right of any Holder to receive payment of the principal of, and 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 Notes; or 
 (i) make any change to
this Section 10.02 or to Section 7.04. 
 It shall not be necessary for the consent of the Holders under this Section 10.02
to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 

  
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 Section 10.03 Execution of Supplemental Indentures. Upon the request of the Company,
the Trustee shall sign any supplemental indenture authorized pursuant to this Article 10 if the amendment contained therein does not adversely affect the rights, duties, liabilities or immunities under this Indenture of the Trustee. If the
supplemental indenture adversely affects the Trustee’s rights, duties, liabilities or immunities under this Indenture, then the Trustee may, but need not, sign such supplemental indenture. In executing any supplemental indenture hereto, the
Trustee shall be provided with, and (subject to the provisions of Section 8.01) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that such supplemental indenture is authorized and
permitted under this Indenture and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, which requirements shall be non-waive-able by the Trustee. 

Section 10.04 Notices of Supplemental Indentures. After an amendment or supplement to this Indenture or the Notes pursuant to
Section 10.01 or 10.02 becomes effective, the Company shall promptly mail to each Holder a notice briefly describing such amendment or supplement to this Indenture. The failure to deliver such notice, or any defect in such notice, shall not
impair or affect the validity of such amendment or supplement to this Indenture. 
 Section 10.05 Effect of Supplemental
Indentures. Upon the execution of any supplemental indenture under this Article 10, (a) this Indenture shall be modified in accordance therewith, (b) such supplemental indenture shall form a part of this Indenture for all purposes, and
(c) every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 Section 10.06
Notation on or Exchange of the Notes. Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 10 may, and shall, if required by the Trustee, bear a notation in form approved by the Trustee
as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and
executed by the Company and authenticated and delivered by the Trustee in exchange for outstanding Notes. 
 ARTICLE 11. 

CONVERSIONS 
 Section 11.01
Conversion Privilege and Consideration. 
 (a) Subject to and upon compliance with the provisions of this Indenture, a Holder shall
have the right, at such Holder’s option, to convert the principal amount of its Notes, or any portion of such principal amount that is equal to $1,000 or an integral multiple thereof, (i) subject to satisfaction of one or more of the
conditions described in Section 11.01(b), at any time prior to the Close of Business on the Business Day immediately preceding September 1, 2020 during the periods set forth in Section 11.01(b), and (ii) irrespective of the
conditions described in Section 11.01(b), on or after September 1, 2020 and prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Maturity Date, in each case, at an initial conversion rate of 19.1022
shares of Common Stock (subject to adjustment as provided in this Article 11, the “Conversion Rate”) per $1,000 principal amount of Notes (subject to the settlement provisions of Section 11.03, the “Conversion
Obligation”). 

  
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 (b) 

(i) Prior to the Close of Business on the Business Day immediately preceding September 1, 2020, the Notes may be
surrendered, in principal amounts equal to $1,000 or an integral multiple thereof, for conversion during any calendar quarter (and only during such calendar quarter) commencing after March 31, 2014, if, for at least 20 Trading Days (whether or
not consecutive) during the 30 consecutive Trading Day period ending on, and including, the last Trading Day of the immediately preceding calendar quarter, the Last Reported Sale Price of Common Stock on such Trading Day is greater than or equal to
135% of the applicable Conversion Price on such Trading Day (such condition, the “Sale Price Condition”). If the Sale Price Condition has been met, the Company will promptly notify Holders that such condition has been met and of the
resulting right of Holders to convert their Notes. 
 (ii) Prior to the Close of Business on the Business Day immediately
preceding September 1, 2020, the Notes may be surrendered, in principal amounts equal to $1,000 or an integral multiple thereof, for conversion during the five consecutive Business Day period immediately following any ten consecutive Trading
Day period (that ten day consecutive Trading Day period, the “Measurement Period”) in which, for each Trading Day of such Measurement Period, the Trading Price per $1,000 principal amount of Notes (as determined following a request
by a Holder in accordance with the procedures set forth in this Section 11.01(b)(ii) and the definition of “Trading Price” in Section 1.01), was less than 98% of the product of (x) the Last Reported Sale Price of Common
Stock on such Trading Day and (y) the Conversion Rate on such Trading Day (such product, the “Intrinsic Value,” and such condition, the “Trading Price Condition”). The Trading Prices shall be determined by the
Bid Solicitation Agent pursuant to this Section 11.01(b)(ii) and the definition of Trading Price in Section 1.01. The Company shall provide written notice to the Bid Solicitation Agent (if other than the Company) of the three independent
nationally recognized securities dealers selected by the Company pursuant to the definition of “Trading Price” in Section 1.01, along with appropriate contact information for each. 

(A) The Bid Solicitation Agent (if other than the Company) shall have no obligation to determine the Trading Price of the Notes
unless the Company has requested that the Bid Solicitation Agent determine the Trading Price of the Notes. The Company shall have no obligation to make such a request (or, if the Company is acting as Bid Solicitation Agent, the Company shall have no
obligation to determine the Trading Price) unless a Holder of Notes (x) provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes for the immediately following Trading Day would be less than 98%
of the Intrinsic Value of the Notes for such Trading Day and (y) requests that the Company request the Bid Solicitation Agent to determine the Trading Price of the Notes (or requests that the Company determine the Trading Price of the Notes if
the Company is acting as Bid Solicitation Agent). 

  
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 (B) Upon receipt from a Holder of such evidence and such a request, the Company
shall instruct the Bid Solicitation Agent to determine (or, if the Company is acting as Bid Solicitation Agent, the Company shall determine) the Trading Price of the Notes beginning on the next Trading Day and on each successive Trading Day until a
Trading Day occurs on which the Trading Price per $1,000 principal amount of Notes for such Trading Day is greater than or equal to 98% of the Intrinsic Value of the Notes for such Trading Day. 

(C) If the Trading Price Condition has been met on any last Trading Day of the Measurement Period, the Company shall notify
Holders, on or prior to the Business Day immediately following such Trading Day, of its satisfaction and of the resulting right of Holders to convert their Notes. If, on any Trading Day after the Trading Price Condition has been met, the Bid
Solicitation Agent (or the Company, if the Company is acting as Bid Solicitation Agent) determines that the Trading Price per $1,000 principal amount of Notes for such Trading Day is greater than or equal to 98% of the Intrinsic Value of the Notes
for such Trading Day, the Company shall promptly so notify the Holders that the Trading Price Condition is no longer met. 

(iii) If the Company elects to: 

(A) issue to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period
of not more than 60 calendar days after the date of such issuance, to subscribe for or purchase shares of Common Stock at a price per share of Common Stock less than the average of the Last Reported Sale Prices of Common Stock for the ten
consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or 

(B) distribute to all or substantially all holders of Common Stock the Company’s assets, debt securities or rights to
purchase securities of the Company, which distribution has a per share value, as reasonably determined by the Company in good faith, exceeding 10% of the Last Reported Sale Price of Common Stock on the Trading Day immediately preceding the date of
announcement for such distribution, 
 then, in each case, at least 65 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance
or distribution, the Company shall mail notice to the Holders describing such issuance or distribution, the Holders’ rights to convert their Notes in accordance with this Section 11.01(b)(iii), the Conversion Rate in effect on the date the
Company mails such notice, and the effective date for any adjustments to the Conversion Rate that may be made as a result of such issuance or distribution. Once the Company has given such notice, a Holder may surrender all or a portion of its Notes,
in principal amounts equal to $1,000 or an integral multiple thereof, for conversion at any time until the earlier of (x) the Close of Business on the Business Day immediately preceding such Ex-Dividend Date and (y) the Company’s
announcement that such issuance or distribution will not take place. 

  
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 (iv) If the Company publicly announces a transaction or event that would, if
consummated, constitute a Fundamental Change, a Make-Whole Fundamental Change or Share Exchange Event, or if any such transaction or event occurs (regardless of whether the Holders would have the right to require the Company to purchase their Notes
pursuant to Article 3), the Company shall mail notice (a “Specified Corporate Transaction Notice”) of such specified corporate transaction or event to the Holders promptly following the first public announcement of such transaction
or event or, in the case that no public announcement is made, the occurrence of such transaction or event. Upon receiving notice or otherwise becoming aware of a transaction or event that would, if consummated, constitute a Fundamental Change,
Make-Whole Fundamental Change or Share Exchange Event, the Company will use commercially reasonable efforts to announce or cause the announcement of such transaction or event in time to deliver the related Specified Corporate Transaction Notice at
least 35 Scheduled Trading Days prior to the anticipated effective date for such transaction or event; provided that in no event will the Company be required to provide such notice to the Holders before the earlier of such time as the Company
or its Affiliates (a) have publicly disclosed or acknowledged the circumstances giving rise to such transaction or event and (b) are required to publicly disclose under applicable law or the rules of any stock exchange on which the Common
Stock is then listed the circumstances giving rise to such transaction or event. For any such potential Fundamental Change, Make-Whole Fundamental Change or Share Exchange Event, the Specified Corporate Transaction Notice shall describe: 

(A) the transaction or event; 

(B) the anticipated effective date of such transaction or event; 

(C) the Holders’ right to convert their Notes in accordance with Section 11.01(b)(iv); 

(D) the Conversion Rate in effect on the date the Company mails such notice; 

(E) that an adjustment to the Conversion Rate is expected to be made pursuant to Section 11.05 as a result of such
transaction or event and the formula for determining such adjustment; 
 (F) whether the relevant transaction or event is
expected to constitute a Share Exchange Event, and, if so, that the Notes will become convertible into Reference Property, subject to the settlement provisions of this Indenture; 

(G) whether the relevant transaction or event is expected to constitute a Fundamental Change, and, if so, that Holders will
have the right to require the Company to purchase their Notes pursuant to Article 3; and 
 (H) whether the relevant
transaction or event is expected to constitute a Make-Whole Fundamental Change, and, if so, that the Conversion Rate will be increased under Section 11.07 for Notes converted in connection with such Make-Whole Fundamental Change. 

  
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 Upon the Company’s delivery of a Specified Corporate Transaction Notice, a Holder may
surrender its Notes for conversion at any time until the 35th Trading Day immediately following the effective date of such transaction or event or, if such transaction or event constitutes a Fundamental Change, the Business Day immediately preceding
the related Fundamental Change Purchase Date. 
 Section 11.02 Conversion Procedure. 

(a) To convert a Note or portion thereof, a Holder or beneficial owner, as the case may be, must (i) in the case of a Global Note,
(a) comply with the procedures of the Depositary then in effect for converting a beneficial interest in a global note and (b) if applicable, pay all funds required under Section 11.02(g) and 11.02(h) below, and (ii) in the case
of a Certificated Note, (a) complete and manually sign the Form of Notice of Conversion attached to such Certificated Note (a “Notice of Conversion”) or a facsimile of the Notice of Conversion, (b) deliver the Notice of
Conversion, which is irrevocable, and the Certificated Note to the Conversion Agent, (c) if required, furnish appropriate endorsements and transfer documents, (d) if applicable, pay all funds required under Section 11.02(h) below, and
(e) if applicable, pay all funds required under Section 11.02(g) below. 
 (b) A Note shall be deemed to have been converted at the
Close of Business on the first Business Day (the “Conversion Date”) on which (i) the Holder thereof satisfies all of the requirements set forth in Section 11.02(a) with respect to such Note and (ii) the conversion of
such Note is not otherwise prohibited by Section 3.04(a) hereof. 
 (c) If the last day during any period on which a Note may be
converted is not a Business Day, the Note may be surrendered on the immediately following day that is a Business Day. Upon the conversion of a Note, the Conversion Agent, as promptly as possible, and in no event later than one Business Day
immediately following the Conversion Date for the Note, will provide the Company with notice of the conversion of the Note, and the Company, as promptly as possible, and in no event later than two Business Days after such Conversion Date, will
notify the Trustee, if other than the Conversion Agent, of the conversion of the Note. 
 (d) If a Holder converts the entire principal
amount of a Note, such Person will no longer be a Holder of such Note, except that (i) such Holder shall have the right hereunder to receive the consideration due upon conversion and (ii) if the relevant Conversion Date occurred between a
Record Date and on or prior to the corresponding Interest Payment Date, the Holder of record of such Note shall have the right to receive the related interest payment on such Interest Payment Date. 

(e) If a Holder surrenders only a portion of a Certificated Note for conversion, promptly after the Conversion Date for such portion, the
Company shall execute and the Trustee shall authenticate and deliver to such Holder, a new Certificated Note in an authorized denomination equal to the aggregate principal amount of the unconverted portion of the surrendered Note. Upon the
conversion of an interest in a Global Note, the Trustee shall promptly make a notation on the “Schedule of Exchanges of Notes” of such Global Note as to the reduction in the principal amount represented thereby. The Company shall notify
the Trustee in writing upon any conversion of a Note effected through any Conversion Agent other than the Trustee. 

  
 52 

 (f) If any shares of Common Stock are to be delivered upon conversion, a converting Holder (or
its designee) shall be treated as the holder of record of such shares as of the relevant Conversion Date (in the case of Physical Settlement) or the last VWAP Trading Day of the relevant Observation Period for such Note (in the case of Combination
Settlement). 
 (g) Notwithstanding Section 11.03(c), if a Holder converts its Note after the Close of Business on a Record Date but
prior to the Open of Business on the Interest Payment Date corresponding to such Record Date, the Holder of such Note at the Close of Business on such Record Date shall receive, on such Interest Payment Date, the interest payment payable on such
Note on such Interest Payment Date, notwithstanding the conversion. Any Note surrendered for conversion during the period after the Close of Business on any Record Date and before the Open of Business on the Interest Payment Date corresponding to
such Record Date must be accompanied by funds equal to the amount of interest payable on such Note on the corresponding Interest Payment Date; provided, however, that no such payment need be made: (i) if such a Note is surrendered
for conversion after the Close of Business on the Record Date immediately preceding the Maturity Date, (ii) if the Company has specified a Fundamental Change Purchase Date that is after such Record Date and on or prior to such corresponding
Interest Payment Date and such Note is surrendered for conversion after such Record Date and on or prior to such corresponding Interest Payment Date, or (iii) to the extent of any Defaulted Interest, if any Defaulted Interest exists at the time
of conversion with respect to such Note. As a result of the foregoing, the Company shall pay interest on the Maturity Date on all Notes converted after the Close of Business on the Record Date immediately preceding the Maturity Date, and converting
Holders shall not be required to pay to the Company equivalent interest amounts. Therefore, for the avoidance of doubt, all record Holders of Notes on the Record Date immediately preceding the Maturity Date and any Fundamental Change Purchase Date
as described in clauses (i) and (ii) above, respectively, will receive the full interest payment due on the Maturity Date or other applicable Interest Payment Date regardless of whether their Notes have been converted following such Record
Date. 
 (h) If a Holder converts a Note, the Company will pay any documentary, stamp or similar issue or transfer tax due on the issue of
any shares of Common Stock upon such conversion; provided that if such tax is due because such converting Holder requested that such shares of Common Stock be issued in a name other than such Holder’s name, such Holder shall pay such
tax. 
 Section 11.03 Settlement Upon Conversion. 

(a) Except as provided in Section 11.07(e), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the
converting Holder cash (“Cash Settlement”), shares of Common Stock, together with cash, if applicable, in lieu of any fractional share of Common Stock in accordance with Section 11.03(a)(vi) (“Physical
Settlement”) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of any fractional share of Common Stock in accordance with Section 11.03(a)(vi) (“Combination Settlement”),
at the Company’s election (each of these settlement methods a “Settlement Method”). 

  
 53 

 (i) All conversions whose Conversion Date occurs on or after June 4, 2020
shall be settled using the same Settlement Method. Subject to the foregoing, the Company shall use the same Settlement Method for all conversions occurring on the same Conversion Date, but the Company shall not have any obligation to use the same
Settlement Method with respect to conversions that occur on different Conversion Dates, and the Company may elect one Settlement Method with respect to one Conversion Date and another Settlement Method with respect to another Conversion Date. 

(ii) The Company shall deliver a notice (the “Settlement Method Notice”) of the Settlement Method elected by
the Company in respect of any Conversion Date or any of the periods described below, as the case may be: 
 (A) by written
notice to all Holders of Notes, the Trustee and the Conversion Agent (and, in addition, the Company will issue a press release setting forth its election of such Settlement Method and make the press release available on its website) on or prior to
June 4, 2020, in the case of any conversion whose Conversion Date occurs on or after June 4, 2020; and 
 (B) by
written notice to the converting Holder, the Trustee and the Conversion Agent, prior to the Close of Business on the second Scheduled Trading Day following the relevant Conversion Date, in the case of any other conversion. 

(iii) Any Settlement Method Notice shall specify the relevant Settlement Method and in the case of an election of Combination
Settlement, the relevant Settlement Method Notice shall indicate the Specified Dollar Amount. If the Company does not timely deliver a Settlement Method Notice prior to the deadline set forth in Section 11.03(a)(ii), the Company shall no longer
have the right to elect Cash Settlement or Physical Settlement and the Company shall be deemed to have elected Combination Settlement in respect of its Conversion Obligation for such conversion, and the Specified Dollar Amount per $1,000 principal
amount of Notes shall be equal to $1,000. If the Company elects Combination Settlement in respect of its Conversion Obligation in respect of a conversion but does not indicate a Specified Dollar Amount in the relevant Settlement Method Notice, the
Specified Dollar Amount shall be deemed to be $1,000 in respect of such conversion. 
 (iv) The cash, shares of Common Stock
or combination of cash and shares of Common Stock in respect of any conversion of the Notes (the “Settlement Amount”) shall be computed as follows: 

(A) if the Company elects to satisfy its Conversion Obligation in respect of such conversion by Physical Settlement, the
Company shall deliver to the converting Holder in respect of each $1,000 principal amount of Notes being converted a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date, together with cash in lieu of
fractional shares pursuant to Section 11.03(a)(vi); 

  
 54 

 (B) if the Company elects to satisfy its Conversion Obligation in respect of such
conversion by Cash Settlement, the Company shall pay to the converting Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount equal to the sum of the Daily Conversion Values for each of the 60 consecutive VWAP
Trading Days during the related Observation Period; and 
 (C) if the Company elects (or is deemed to have elected) to
satisfy its Conversion Obligation in respect of such conversion by Combination Settlement, the Company shall pay or deliver, as the case may be, in respect of each $1,000 principal amount of Notes being converted, a Settlement Amount equal to the
sum of the Daily Settlement Amounts for each of the 60 consecutive VWAP Trading Days during the related Observation Period. 

(v) The Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if applicable) shall be determined by the
Company promptly following the last day of the Observation Period. Promptly after such determination of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of any fractional share,
the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of fractional shares of Common
Stock. The Trustee and the Conversion Agent (if other than the Trustee) shall have no responsibility for any such determination. 

(vi) The Company shall not issue any fractional share of Common Stock upon conversion of the Notes and shall instead pay cash
in lieu of any fractional share of Common Stock issuable upon conversion based on the Daily VWAP on the relevant Conversion Date (or, if such date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day) in the case of Physical
Settlement, or based on the Daily VWAP on the last VWAP Trading Day of the relevant Observation Period in the case of Combination Settlement. For each Note surrendered for conversion, if the Company has elected Combination Settlement, the full
number of shares that shall be issued upon conversion thereof shall be computed on the basis of the aggregate Daily Settlement Amounts for the applicable Observation Period and any fractional shares remaining after such computation shall be paid in
cash. 
 (vii) Except as set forth in Section 11.06 and Section 11.07, the Company shall pay or deliver, as the
case may be, the consideration due in respect of the Conversion Obligation (y) on the third Business Day immediately following the relevant Conversion Date, if the Company elects Physical Settlement, provided that, in the case of
Physical Settlement, with respect to conversions that occur after the Record Date immediately preceding the Maturity Date, the Company will deliver the relevant number of shares of Common Stock, together with cash in lieu of any fractional shares,
on the Maturity Date, or (z) on the third Business Day immediately following the last VWAP Trading Day of the Observation Period, in the case of any other Settlement Method. 

  
 55 

 (b) If a Holder surrenders more than one Note for conversion on a single Conversion Date, the
number of shares of Common Stock, if any, that the Company will deliver, and the amount of cash that the Company will pay pursuant to Section 11.03(a)(vi) in lieu of fractional shares of Common Stock, if any, shall be determined based on the
total principal amount of Notes so surrendered by such Holder. 
 (c) If a Holder converts a Note, except as set forth in
Section 11.02(g), (i) such Holder shall not receive any separate cash payment (in addition to the Conversion Obligation) for accrued and unpaid interest, if any, on such Note and (ii) the Company’s delivery to such converting
Holder of the Conversion Obligation shall be deemed to satisfy in full the Company’s obligation to pay to such Holder (A) the principal amount of such converted Note and (B) accrued and unpaid interest, if any, to, but excluding, the
relevant Conversion Date. As a result, subject to Section 11.02(g), accrued and unpaid interest, if any, on a converted Note to but, excluding, the relevant Conversion Date shall be deemed to be paid in full rather than cancelled, extinguished
or forfeited. Upon a conversion of the Notes, subject to Section 11.02(g), accrued and unpaid interest, if any, shall be deemed to be paid first out of the cash paid upon such conversion, if any. 

(d) Notices. 
 (i)
On or prior to the second Business Day immediately following the Conversion Date for any Notes, the Company shall deliver written notice to the Trustee stating (1) the aggregate principal amount of Notes converted on such Conversion Date,
(2) whether the Company has made a Settlement Method election with respect to such Conversion Date, and (3) if the Company has made a Settlement Method election for such Conversion Date, the Specified Dollar Amount for such Conversion Date
(if applicable). 
 (ii) On the first Business Day immediately following the last VWAP Trading Day of the Observation Period
for each Conversion Date to which Cash Settlement or Combination Settlement applies, the Company shall deliver written notice to the Trustee stating (1) the aggregate principal amount of Notes that were converted on such Conversion Date,
(2) the aggregate amount of cash and the aggregate number of Shares that the Company is obligated to deliver to settle all of the Notes converted on such Conversion Date, and (3) the Daily Conversion Values or Daily Settlement Amounts, as
the case may be, for each VWAP Trading Day of the Observation Period for such Conversion Date. 
 Section 11.04 Covenants Relating
to Underlying Shares. 
 (a) The Company shall, until all Notes cease to be outstanding and any consideration due upon conversion has
been paid or delivered, as the case may be, reserve out of its authorized but unissued shares of Common Stock that have not been reserved for other purposes a number of shares of Common Stock, in the aggregate, equal to the product of the Maximum
Conversion Rate and the aggregate principal amount of Notes then outstanding (expressed in thousands of dollars), to permit the conversion of the Notes. 

  
 56 

 (b) The Company covenants that any shares of Common Stock delivered upon conversion of the Notes
shall be duly and validly issued and fully paid and nonassessable, and shall be free from preemptive rights and shall be free of any lien or adverse claim or from any taxes or charges with respect to the issue thereof. 

(c) The Company covenants that, if any shares of Common Stock to be provided for the purpose of conversion of the Notes hereunder require
registration with or approval of any governmental authority under any federal or state law before such shares may be validly issued upon conversion, the Company will, to the extent then permitted by the rules and interpretations of the SEC, secure
such registration or approval, as the case may be. 
 (d) In addition, the Company will cause any such shares of Common Stock to be listed on
any stock exchange on which the Common Stock is then listed (if any) and will comply with any securities exchange rules applicable to the Notes and/or the Common Stock issuable upon conversion of the Notes. 

Section 11.05 Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company as
described in this Section 11.05, except that the Company shall not make any adjustments to the Conversion Rate for any Holder that participates (as a result of holding the Notes, and at the same time as the holders of Common Stock participate)
in any of the transactions described below as if such Holder held, for each $1,000 principal amount of Notes held, a number of shares of Common Stock equal to the applicable Conversion Rate, without having to convert its Notes. 

(a) Dividends, Distributions, Splits and Combinations. If the Ex-Dividend Date occurs for any issuance by the Company of solely shares
of Common Stock as a dividend or distribution on all or substantially all of the shares of Common Stock, or if the Company effects a share split or a share combination of Common Stock, the Conversion Rate shall be adjusted based on the following
formula: 
  
 

 
 where: 
  

			
	CR0 =	 	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the effective date of such share split or combination,
as the case may be;
		
	CR1 =	 	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date or effective date, as the case may be;

  
 57 

			
		
	OS0 =	 	the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date or effective date, as the case may be; and
		
	OS1 =	 	the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, share split or share combination, as the case may be.

 Any adjustment made under this Section 11.05(a) shall become effective immediately after the Open
of Business on the Ex-Dividend Date for such dividend or distribution or the effective date for such share split or combination, as the case may be. If any dividend or distribution of the type described in this Section 11.05(a) is declared but
not so paid or made, then the Conversion Rate shall immediately be readjusted, effective as of the date the Board of Directors determines not to pay such dividend or distribution to the Conversion Rate that would then be in effect had such dividend
or distribution not been declared or announced. The “effective date,” with respect to a share split or combination, means the first date on which the shares of Common Stock trade in the applicable exchange or in the applicable market,
regular way, reflecting the relevant share split or share combination, as applicable. 
 (b) Adjustment for Rights Issue. If the
Ex-Dividend Date occurs for any issuance by the Company to all or substantially all holders of Common Stock of any rights, options or warrants entitling the holders of such rights, options or warrants for a period of not more than 60 calendar days
after the date of such issuance to subscribe for or purchase shares of Common Stock, at a price per share less than the average of the Last Reported Sale Prices of Common Stock for the ten consecutive Trading Day period ending on, and including, the
Trading Day immediately preceding the date of announcement of such issuance, the Conversion Rate shall be adjusted based on the following formula: 
  

 
 where: 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such issuance;
		
	CR1 =	  	the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such issuance;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the Open of Business on such Ex-Dividend Date;
		
	X     =	  	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants;
		
	Y     =	  	the number of shares of Common Stock equal to (i) the aggregate price payable to exercise such rights, options or warrants divided by (ii) the average of the Last Reported Sale Prices of Common Stock over the ten consecutive
Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options or warrants.

  
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 Any adjustment made under this Section 11.05(b) shall be made successively whenever any such
rights, options or warrants are issued and shall become effective immediately after the Open of Business on the Ex-Dividend Date for such issuance. To the extent that shares of Common Stock are not delivered after the expiration of such rights,
options or warrants, the Conversion Rate shall be readjusted, as of the date of such expiration, to the Conversion Rate that would then be in effect had the adjustment made upon the issuance of such rights, options or warrants been made on the basis
of delivery of only the number of shares of Common Stock actually delivered. If no such rights, options or warrants are so issued, or if no such rights, options or warrants are exercised prior to their expiration, the Conversion Rate shall
immediately be readjusted, as of the scheduled issuance date, to equal the Conversion Rate that would then be in effect had the relevant adjustment pursuant to this Section 11.05(b) not occurred. 

For purposes of this Section 11.05(b) and Section 11.01(b)(iii)(A), in determining whether any issued rights, options or warrants
entitle the holders of Common Stock to subscribe for or purchase shares of Common Stock at a price per share less than the average of the Last Reported Sale Prices of Common Stock for each Trading Day in the ten consecutive Trading Day period ending
on, and including, the Trading Day immediately preceding the date of announcement of such issuance, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration that the Company
receives for such rights, options or warrants and any amount payable on exercise thereof, with the value of such consideration, if other than cash, to be determined by the Company in good faith and in a commercially reasonable manner. 

(c) Other Distributions.  

(i) If the Ex-Dividend Date occurs for a distribution by the Company of shares of its Capital Stock, evidences of its
indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock or other securities to all or substantially all holders of Common Stock, excluding (A) dividends or distributions (including share
splits) described in Section 11.05(a); (B) dividends or distributions of rights, options or warrants described in Section 11.05(b); (C) dividends or distributions paid exclusively in cash described in Section 11.05(d); and
(D) Spin-Offs described in Section 11.05(c)(ii) (any of such shares of Capital Stock, evidences of indebtedness, other assets or property or rights, options or warrants to acquire Capital Stock or other securities, the “Distributed
Property”), then the Conversion Rate shall be adjusted based on the following formula: 
  
 

 
 where: 
  

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

  
 59 

			
		
	CR1 =	 	the Conversion Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
		
	SP0 =	 	the average of the Last Reported Sale Prices of Common Stock for the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
		
	FMV =	 	the fair market value, as determined by the Company in good faith and in a commercially reasonable manner, of the Distributed Property distributed with respect to each outstanding share of Common Stock as of the Open of Business on
the Ex-Dividend Date for such distribution.

 Notwithstanding the foregoing, if
“SP0” (as defined above) minus “FMV” (as defined above) is less than $1.00, in lieu of the foregoing adjustment, each Holder shall receive, for each $1,000 principal amount
of Notes held, at the same time and upon the same terms as holders of Common Stock, the amount and kind of Distributed Property that such Holder would have received as if such Holder had owned a number of shares of Common Stock equal to the
Conversion Rate in effect on the record date for such distribution. 
 Any adjustment made under this Section 11.05(c)(i) shall become
effective immediately after the Open of Business on the Ex-Dividend Date for such distribution. If such distribution is not so paid or made, or if any rights, options or warrants are not exercised before their expiration date, the Conversion Rate
shall be readjusted, as of the date the Board of Directors determines not to make or pay such distribution or as of such expiration date, as the case may be, to be the Conversion Rate that would then be in effect had such distribution not been
declared or to the extent such rights, options or warrants are not exercised, as applicable. 
 (ii) With respect to an
adjustment pursuant to this Section 11.05(c), if the relevant dividend or other distribution consists of shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit of the
Company that is listed for trading or quoted (or will be listed or quoted upon consummation of the spin-off) on a U.S. national or regional securities exchange or a reasonably comparable (as determined by the Company in good faith) non-U.S.
equivalent (a “Spin-Off”), the Conversion Rate shall be increased based on the following formula: 
  
 

 
 where: 
  

			
	CR0 =	 	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for the Spin-Off;
		
	CR1 =	 	the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for the Spin-Off;

  
 60 

			
		
	FMV0 =	  	the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to a holder of one share of Common Stock (determined by reference to the definition of Last Reported Sale Price as set forth in
Section 1.01 as if references therein to Common Stock were to such Capital Stock or similar equity interest) over the first ten consecutive Trading Day period immediately following, but excluding, the effective date for the Spin-Off (such period,
the “Valuation Period”); and
		
	MP0    =	  	the average of the Last Reported Sale Prices of Common Stock over the Valuation Period.

 Notwithstanding the foregoing, (i) if a Holder converts a Note, Cash Settlement or Combination
Settlement is applicable to such Note and the first VWAP Trading Day of the Observation Period occurs after the first Trading Day of the Valuation Period for a Spin-Off, but on or before the last Trading Day of the Valuation Period for such
Spin-Off, then, solely for purposes of determining the Settlement Amount due upon such conversion, the reference in the above definition of “FMV0” to ten Trading Days shall be deemed
replaced with such lesser number of Trading Days as have elapsed from, and including, the first Trading Day of the Valuation Period for such Spin-Off to, but excluding, the first VWAP Trading Day of the Observation Period; (ii) if a Holder
converts a Note, Cash Settlement or Combination Settlement is applicable to such Note and one or more VWAP Trading Days of the Observation Period for such Note occurs on or after the Ex-Dividend Date for a Spin-Off but on or prior to the first
Trading Day of the Valuation Period for such Spin-Off, then, solely for purposes of determining the Settlement Amount due upon such conversion, such Observation Period will be suspended from, and including, the first such VWAP Trading Day to, and
including, the first Trading Day of the Valuation Period for such Spin-Off and will resume immediately after the first Trading Day of the Valuation Period for such Spin-Off, with the reference in the above definition of “FMV0” to ten consecutive Trading Days deemed replaced with a reference to one (1) Trading Day; (iii) if a Holder converts a Note, Physical Settlement is applicable to such Note and the
Conversion Date occurs during the period from, but excluding, the first Trading Day of the Valuation Period for a Spin-Off to, and including, the last Trading Day of the Valuation Period for such Spin-Off, then, solely for purposes of determining
the consideration due upon such conversion, the reference in the above definition of “FMV0” to ten consecutive Trading Days shall be deemed replaced with such lesser number of Trading
Days as have elapsed from, and including, the first Trading Day of the Valuation Period for such Spin-Off to, but excluding, the applicable Conversion Date; and (iv) if a Holder converts a Note, Physical Settlement is applicable to such Note
and the Conversion Date occurs during the period from, and including, the Ex-Dividend Date for a Spin-Off to, and including, the first Trading Day of the Valuation Period for such Spin-Off, then, solely for purposes of determining the Settlement
Amount due upon such conversion, (a) the reference in the above definition of “FMV0” to ten consecutive Trading Days shall be deemed replaced with a reference to one
(1) Trading Day, (b) the Company will deliver the Settlement Amount due to such Holder in respect of the applicable conversion on the third Business Day after the first Trading Day of the Valuation Period for such Spin-Off, (c) the
relevant Conversion Rate applicable to such conversion will be the Conversion Rate in effect immediately prior to the Close of Business on the first Trading Day of the Valuation Period for such Spin-Off and (d) the Person in whose name any
shares of Common Stock shall be issuable in respect of the applicable conversion will be deemed to become the holder of record of such shares as of the Close of Business on the first Trading Day of the Valuation Period for such Spin-Off. 

  
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 Any adjustment made pursuant to this Section 11.05(c)(ii) shall become effective as of the
Open of Business on the Ex-Dividend Date for the Spin-Off. If such Spin-Off is subsequently cancelled and does not become effective, the Conversion Rate shall be readjusted, as of the date of such cancellation, to be the Conversion Rate that would
have been in effect if such Spin-Off had not been declared. 
 For purposes of this Section 11.05(c) (and subject in all respect to
Section 11.05(i)), rights, options or warrants distributed by the Company to all holders of the Common Stock entitling them to subscribe for or purchase shares of the Company’s Capital Stock, including Common Stock (either initially or
under certain circumstances), which rights, options or warrants, until the occurrence of a specified event or events (“Trigger Event”): (A) are deemed to be transferred with such shares of the Common Stock; (B) are not
exercisable; and (C) are also issued in respect of future issuances of the Common Stock, shall be deemed not to have been distributed for purposes of this Section 11.05(c) (and no adjustment to the Conversion Rate under this
Section 11.05(c) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights, options or warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate
shall be made under this Section 11.05(c). If any such right, option or warrant, including any such existing rights, options or warrants distributed prior to the date of this Indenture, are subject to events, upon the occurrence of which such
rights, options or warrants become exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and Ex-Dividend
Date with respect to new rights, options or warrants with such rights (in which case the existing rights, options or warrants shall be deemed to terminate and expire on such date without exercise by any of the holders thereof). In addition, in the
event of any distribution (or deemed distribution) of rights, options or warrants, or any Trigger Event or other event (of the type described in the immediately preceding sentence) with respect thereto that was counted for purposes of calculating a
distribution amount for which an adjustment to the Conversion Rate under this Section 11.05(c) was made, (1) in the case of any such rights, options or warrants that shall all have been redeemed or purchased without exercise by any holders
thereof, upon such final redemption or purchase (x) the Conversion Rate shall be readjusted as if such rights, options or warrants had not been issued and (y) the Conversion Rate shall then again be readjusted to give effect to such
distribution, deemed distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or purchase price received by a holder or holders of Common Stock with respect to such rights, options
or warrants (assuming such holder had retained such rights, options or warrants), made to all holders of Common Stock as of the date of such redemption or purchase, and (2) in the case of such rights, options or warrants that shall have expired
or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights, options and warrants had not been issued. 

  
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 For purposes of Section 11.05(a), Section 11.05(b) and this Section 11.05(c), if
any dividend or distribution to which this Section 11.05(c) is applicable also includes one or both of: 
 (A) a dividend or
distribution of shares of Common Stock to which Section 11.05(a) is applicable (the “Clause A Distribution”); or 
 (B)
a dividend or distribution of rights, options or warrants to which Section 11.05(b) is applicable (the “Clause B Distribution”), 

then, in either case, (1) such dividend or distribution, other than the Clause A Distribution and the Clause B Distribution, shall be deemed to be a
dividend or distribution to which this Section 11.05(c) is applicable (the “Clause C Distribution”) and any Conversion Rate adjustment required by this Section 11.05(c) with respect to such Clause C Distribution shall then
be made, and (2) the Clause A Distribution and Clause B Distribution shall be deemed to immediately follow the Clause C Distribution and any Conversion Rate adjustment required by Section 11.05(a) and Section 11.05(b) with respect
thereto shall then be made, except that, if determined by the Company (I) the “Ex-Dividend Date” of the Clause A Distribution and the Clause B Distribution shall be deemed to be the Ex-Dividend Date of the Clause C Distribution and
(II) any shares of Common Stock included in the Clause A Distribution or Clause B Distribution shall be deemed not to be “outstanding immediately prior to the Open of Business on such Ex-Dividend Date or effective date” within the meaning
of Section 11.05(a) or “outstanding immediately prior to the Open of Business on such Ex-Dividend Date” within the meaning of Section 11.05(b). 

(d) Adjustment for Cash Distributions. If the Ex-Dividend Date occurs for any cash dividend or distribution by the Company to all or
substantially all holders of the outstanding Common Stock, the Conversion Rate shall be adjusted based on the following formula: 
  

 
 where: 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		
	CR1 =	  	the Conversion Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution;
		
	SP0 =	  	the average of the Last Reported Sale Prices of Common Stock over the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution;
and
		
	C    =	  	the amount in cash per share that the Company pays or distributes to holders of Common Stock.

 If “SP0” (as defined above) minus
“C” (as defined above) is less than $1.00, in lieu of the foregoing adjustment, each Holder shall receive, for each $1,000 principal amount of Notes held, at the same time and upon the same terms as holders of Common Stock, the amount of
cash such Holder would have received if such Holder had owned a number of shares of Common Stock equal to the Conversion Rate in effect on the record date for such dividend or distribution. 

  
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 Any adjustment made under this Section 11.05(d) shall become effective immediately after the
Open of Business on the Ex-Dividend Date for such dividend or distribution. If such dividend or distribution is not so paid or made, the Conversion Rate shall be readjusted, as of the date the Board of Directors determines not to make or pay such
dividend or distribution, to be the Conversion Rate that would then be in effect had the related Ex-Dividend Date not occurred. 
 (e)
Adjustment for Tender Offers or Exchange Offers. If the Company or any of its Subsidiaries makes a payment to holders of Common Stock in respect of a tender offer or exchange offer for the Common Stock (other than (x) distributions paid
exclusively in cash for which an adjustment is made pursuant to Section 11.05(d) or (y) an odd-lot tender offer), 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 Common Stock on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender offer or exchange offer (the “Expiration Date”), the Conversion Rate
shall be increased based on the following formula: 
  
 

 
 where: 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to the Close of Business on the Expiration Date;
		
	CR1 =	  	the Conversion Rate in effect immediately after the Close of Business on the Expiration Date;
		
	AC =	  	the aggregate value of all cash and any other consideration (as determined by the Company in good faith and in a commercially reasonable manner) paid or payable for the shares purchased in such tender or exchange offer;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the expiration time of such tender or exchange offer (prior to giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in
such tender offer or exchange offer);
		
	OS1 =	  	the number of shares of Common Stock outstanding immediately after the expiration time of such tender or exchange offer (after giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such
tender offer or exchange offer); and
		
	SP1 =	  	the average of the Last Reported Sale Prices of Common Stock over the ten consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the Expiration Date (the “Averaging
Period”).

  
 64 

 The adjustment to the Conversion Rate under this Section 11.05(e) will be given effect
immediately after the Close of Business on the Expiration Date. 
 Notwithstanding the foregoing, (i) if a Holder converts a Note, Cash
Settlement or Combination Settlement is applicable to such Note, and the first VWAP Trading Day of the Observation Period for such Note occurs after the first Trading Day of the Averaging Period for a tender or exchange offer, but on or before the
last Trading Day of the Averaging Period for such tender or exchange offer, then, solely for purposes of determining the Settlement Amount due upon such conversion, the reference in the above definition of “SP1” to “ten” shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the first Trading Day of the Averaging Period for such tender or
exchange offer to, but excluding, the first VWAP Trading Day of such Observation Period; (ii) if a Holder converts a Note, Cash Settlement or Combination Settlement is applicable to such Note and one or more VWAP Trading Days of the Observation
Period for such Note occurs on or after the Expiration Date for a tender or exchange offer, but on or prior to the first Trading Day in the Averaging Period for such tender or exchange offer, then, solely for purposes of determining the Settlement
Amount due upon such conversion, such Observation Period will be suspended on the first such VWAP Trading Day and will resume immediately after the first Trading Day of the Averaging Period for such tender or exchange offer and the reference in the
above definition of “SP1” to “ten” shall be deemed replaced with a reference to “one (1)”; (iii) if a Holder converts a Note, Physical Settlement is
applicable to such Note and the Conversion Date occurs during the period from, but excluding, the first Trading Day of the Averaging Period for a tender or exchange offer to, and including, the last Trading Day of the Averaging Period for such
tender or exchange offer, then, solely for purposes of determining the Settlement Amount due upon such conversion, the reference in the above definition of “SP1” to “ten”
shall be deemed replaced with such lesser number of Trading Days as have elapsed from, and including, the first Trading Day of the Averaging Period for such tender or exchange offer to, but excluding, the applicable Conversion Date; and (iv) if
a Holder converts a Note, Physical Settlement is applicable to such Note and the Conversion Date occurs during the period from, but excluding, the Expiration Date for a tender offer or exchange offer to, and including, the first Trading Day of the
Averaging Period for such tender or exchange offer, then, solely for purposes of determining the Settlement Amount due upon such conversion, (a) the reference in the above definition of
“SP1” to “ten” shall be deemed replaced with a reference to “one (1)”, (b) the Company will deliver the consideration due to such Holder in respect of the
applicable conversion on the third Business Day after the first Trading Day of the Averaging Period for such tender or exchange offer, (c) the Conversion Rate applicable to such conversion will be the Conversion Rate in effect immediately prior
to the Close of Business on the first Trading Day of the Averaging Period for such tender or exchange offer and (d) the Person in whose name any shares of Common Stock shall be issuable in respect of the applicable conversion will be deemed to
become the Holder of record of such shares as of the Close of Business on the first Trading Day of the Averaging Period for such tender or exchange offer. 

(f) Holder Participation in Adjustment Events. Notwithstanding the provisions set forth in clauses (a) through (e) above, if a
Conversion Rate adjustment becomes effective on any Ex-Dividend Date as described above, and a Holder that has converted its Notes with a Conversion Date occurring on or after such Ex-Dividend Date and on or prior to the related record date would be
treated as the record holder of shares of Common Stock as of the related 

  
 65 

 
Conversion Date based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the foregoing Conversion Rate adjustment provisions, the Conversion Rate adjustment relating
to such Ex-Dividend Date will not be made for such converting Holder. Instead, such Holder will be treated as if such Holder were the record owner of the shares of Common Stock on an unadjusted basis and participate in the related dividend,
distribution or other event giving rise to such adjustment. 
 (g) Adjustments Not Yet Effective. If, in the case of any conversion of
a Note to which Combination Settlement applies, on any VWAP Trading Day during the Observation Period corresponding to the Conversion Date for such Note, shares of Common Stock are deliverable as part of the Daily Settlement Amount for such VWAP
Trading Day, and 
 (i) the record date for any issuance, dividend or distribution, the effective date for any share split or
combination or the Expiration Date for any tender or exchange offer by the Company or its Subsidiaries that, in each case, would require an adjustment to the Conversion Rate pursuant to any of Section 11.05(a), (b), (c), (d) or
(e) occurs prior to the Company’s delivery of such shares of Common Stock to the converting Holder; 
 (ii) the
applicable Conversion Rate for such VWAP Trading Day will not reflect such adjustment; and 
 (iii) the shares of Common
Stock that the Company shall deliver to the converting Holder with respect to such VWAP Trading Day are not entitled to participate in the relevant event (because such shares were not held by such Holder on the related record date, effective date,
Expiration Date or otherwise), 
 then the Company will (i) in the case of any such issuance, dividend or distribution, deliver to the Holder of such
Note, on the date on which such issuance, dividend or distribution is paid or made, the consideration that a Holder of a number of shares equal to the number of shares included in the Daily Settlement Amount for such VWAP Trading Day would be
entitled to receive in respect of such issuance, dividend or distribution or (ii) in the case of any such share split or combination, tender offer or exchange offer, adjust the number of shares that the Company delivers to such Holder as part
of the Daily Settlement Amount for such VWAP Trading Day in a manner that appropriately (as determined by the Company in consultation with a nationally recognized independent investment banking firm, which may be one of the Initial Purchasers,
retained for this purpose) reflects the relevant transaction or event. 
 (h) Other Adjustments. Whenever any provision of this
Indenture requires the Company to calculate the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts over a span of multiple days (including an Observation Period and, if applicable, the period for
determining the Stock Price for purposes of a Make-Whole Fundamental Change), the Company will make appropriate adjustments to each in good faith and in a commercially reasonable manner to account for any adjustment to the Conversion Rate that
becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date, the effective date or the Expiration Date, as the case may be, of the event occurs, at any time during the period when the Last Reported Sale
Prices, the Daily VWAPs, the Daily Conversion Values or the Daily Settlement Amounts are to be calculated. 

  
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 (i) Shareholder Rights Plans. To the extent that the Company has a shareholder rights plan
in effect at the time a Holder converts any Notes, if Physical Settlement applies to such Notes, on the Conversion Date for such Notes, and, if Combination Settlement applies to such Notes, in respect of any VWAP Trading Day in the Observation
Period applicable to such Notes, such Holder will be deemed to be the record holder of, and, in addition to any Common Stock the Company delivers in connection with such conversion for such Conversion Date or such VWAP Trading Day, as the case may
be, receive on the applicable conversion settlement date, the rights under the shareholder rights plan, unless the rights have separated from the Common Stock prior to such Conversion Date or such VWAP Trading Day, as the case may be, in which case,
the Conversion Rate will be adjusted at the time of separation as if the Company had distributed to all of the holders of Common Stock, shares of the Company’s Capital Stock, evidences of indebtedness, assets, property, rights, options or
warrants as described in Section 11.05(c); provided that such adjustment shall be subject to readjustment upon the expiration, termination or redemption of such separated rights in accordance with Section 11.05(c). 

(j) No Adjustments. Notwithstanding anything in clauses (a), (b), (c), (d) and (e) of this Section 11.05, the Conversion
Rate will not be adjusted (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 the Company’s securities and the investment of
additional optional amounts in shares of Common Stock under any plan; (ii) upon the issuance of any shares of Common Stock or options or rights to purchase those shares pursuant to any present or future employee, director or consultant benefit
plan or program of or assumed by the Company or any of its Subsidiaries; (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 the
preceding clause (ii) and outstanding as of the date the Notes were first issued; (iv) upon the repurchase of any shares of Common Stock pursuant to an open-market share repurchase program or other buy-back transaction that is not a tender
offer or exchange offer of the nature described under clause (e) of Section 11.05; (v) solely for a change in the par value of Common Stock; or (vi) for accrued and unpaid interest, if any. 

Notwithstanding anything to the contrary herein, the Company will not be required to adjust the Conversion Rate unless such adjustment would
require an increase or decrease of at least one percent; provided, however, that any such minor adjustments that are not required to be made will be carried forward and taken into account in any subsequent adjustment, and
provided, further, that any such adjustment of less than one percent that has not been made shall be made upon the occurrence of (i) the effective date for any Make-Whole Fundamental Change, (ii) in the case of any Note to
which Physical Settlement applies or to which Cash Settlement applies following a replacement of Common Stock by the Reference Property consisting solely of cash, prior to the Close of Business on the Conversion Date, (iii) in the case of any
Note to which Cash Settlement or Combination Settlement applies (other than as described in clause (ii) above), prior to the Open of Business on the first VWAP Trading Day of the applicable Observation Period and each subsequent VWAP Trading
Day of the Observation Period, and (iv) prior to the Close of Business on any other date on which the Conversion Rate is referred to for purposes of determining the consideration deliverable upon settlement of a Note. In addition, the Company
shall not account for such deferrals when determining whether any of the conditions to conversion have been satisfied or what number of shares of Common Stock a Holder would have held on a given day had it converted its Notes. 

  
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 (k) Voluntary Increases. In addition to those adjustments required by clauses (a), (b),
(c), (d) and (e) of this Section 11.05, and to the extent permitted by applicable law and any applicable securities exchange rules, from time to time, the Company may (but is not required to) increase the Conversion Rate of the Notes
by any amount for a period of at least 20 Business Days (i) if the Company determines that such increase would be in the best interest of the Company or (ii) to avoid or diminish income tax to holders of Common Stock or rights to purchase
shares of Common Stock in connection with a dividend or distribution of shares (or rights to acquire shares) or a similar event; provided that the Company shall not take any action that would result in adjustment of the Conversion Rate,
pursuant to this Section 11.05(k), that would result in a reduction of the Conversion Price to less than the par value per share of Common Stock. The Company will give the Trustee and the Holders at least 15 days’ notice of any such
increase. 
 (l) No Other Adjustments. Except as expressly stated herein, the Conversion Rate shall not be subject to adjustment as a
result of any issuance of shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock or the right to purchase shares of Common Stock or such convertible or exchangeable securities. If, however, the application
of the foregoing formulas in clauses (a), (b), (c), (d) and (e) of this Section 11.05 would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate will be made (other than as a result of a share combination
pursuant to clause (a) of this Section 11.05 or the reversal of an increase to the Conversion Rate where the relevant event did not occur, as expressly specified in this Indenture). 

(m) Notice of Certain Potential Events. In connection with any event that will require an adjustment to the Conversion Rate pursuant to
this Section 11.05 or any Share Exchange Event or any event or transaction described in Section 6.01 (unless prior notice of such event is otherwise required pursuant to another provision of this Indenture), the Company shall, promptly
following the first public announcement of such event or transaction, mail to the Holders a notice of such transaction or event describing the event, the anticipated occurrence or effective date, as the case may be, the methodology for determining
the relevant adjustment (if applicable) to the Conversion Rate or other terms of the Notes and such other information as the Company reasonably determines is appropriate to include. 

(n) Notice of Adjustments. Whenever the Conversion Rate is adjusted as herein provided, the Company will deliver to the Trustee (and the
Conversion Agent if not the Trustee) an Officer’s Certificate setting forth the Conversion Rate, detailing the calculation of the Conversion Rate and describing the facts upon which the adjustment is based upon which such Officer’s
Certificate the Trustee may conclusively rely. Unless and until a Trust Officer 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. The Trustee shall not be responsible for, and shall not make any representation as to the validity or value of, any Common Stock, securities or assets issued upon
settlement of the Notes or as to the accuracy of any calculation made hereunder. 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 such adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate to each Holder at its last address appearing on the Register. Failure to deliver such notice shall not affect the legality or
validity of any such adjustment. In addition, the Company will issue a press release containing the relevant information or make such information available on the Company’s website. 

  
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 Section 11.06 Effect of Reclassification, Consolidation, Merger or Sale. 

(a) In the case of: 

(i) any recapitalization, reclassification or change of Common Stock (other than a change resulting from a subdivision or
combination); 
 (ii) any consolidation, merger, combination or similar transaction involving the Company; 

(iii) any sale, lease or other transfer to a third party of substantially all of the consolidated assets of the Company and its
Subsidiaries; or 
 (iv) any statutory share exchange, 

in each case, as a result of which the Common Stock would be converted into, or exchanged for, or represent solely the right to receive, stock, other
securities or other property or assets (including cash or any combination thereof) (any such event, a “Share Exchange Event” and any such stock, other securities or other property or assets, “Reference Property,”
and the amount of Reference Property that a holder of one share of Common Stock immediately prior to such Share Exchange Event would have been entitled to receive upon the occurrence of such Share Exchange Event, a “Reference Property
Unit”), then the Company or the successor or purchasing company, as the case may be, shall execute with the Trustee a supplemental indenture providing that, at and after the effective time of such Share Exchange Event, the consideration due
upon conversion of any Notes, and the conditions to any such conversion, will be determined in the same manner as if each reference to any number of shares of Common Stock in Article 11 were instead a reference to the same number of Reference
Property Units. 
 If a Share Exchange Event causes the Common Stock to be converted into, or exchanged for, or represent solely the right
to receive, more than a single type of consideration (determined based in part upon any form of stockholder election), then (i) the Reference Property shall be deemed to be the weighted average, per share of Common Stock, of the types and
amounts of consideration received by the holders of Common Stock that affirmatively make such an election, and (ii) the Reference Property Unit for purposes of the immediately preceding paragraph shall refer to the consideration referred to in
clause (i) attributable to one share of Common Stock. The Company shall notify Holders, the Trustee and the Conversion Agent (if other than the Trustee) of such weighted average as soon as practicable after such determination is made.
Notwithstanding anything to the contrary herein, if the Reference Property Unit consists entirely of cash, then the Company will be deemed to elect Cash Settlement in respect of all conversions whose Conversion Date occurs after the effective date
of the Share Exchange Event described above, and the Company will pay the cash due upon such conversions no later than the third Business Day after the Conversion Date. For these purposes, the Daily VWAP or Last Reported Sale Price of any Reference
Property Unit or portion thereof that does not consist of a class of securities will be the fair value of such Reference Property unit or portion thereof, as applicable, determined in good faith by the Company (or, in the case of cash denominated in
U.S. dollars, the face amount thereof). 

  
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 Such supplemental indenture described in the second immediately preceding paragraph shall
provide, to the extent the Reference Property is comprised, in whole or in part, of Common Equity, for anti-dilution and other adjustments that are as nearly equivalent as possible to the adjustments provided for in this Article 11. If the Reference
Property in respect of any Share Exchange Event includes shares of stock, securities or other property or assets of a Person other than the Company or, in the case of a transaction described in Article 6, the Successor Company, then such
supplemental indenture shall also be executed by such other Person and shall contain such additional provisions to protect the interests of the Holders of Notes, including the right of Holders to require the Company to purchase their Notes upon a
Fundamental Change pursuant to Article 3, as the Board of Directors shall reasonably consider necessary by reason of the foregoing. 
 (b) If
the Company executes a supplemental indenture pursuant to this Section 11.06, as promptly as practicable, the Company shall file with the Trustee an Officer’s Certificate briefly describing such Share Exchange Event, the composition of a
Reference Property Unit for such Share Exchange Event, any adjustment to be made with respect thereto and that all conditions precedent to such Share Exchange Event under this Indenture have been complied with. Any failure to deliver such
Officer’s Certificate shall not affect the legality or validity of such supplemental indenture. The Company shall also issue a press release containing such information and shall make such press release available on its website. 

(c) The Company shall not become a party to any Share Exchange Event unless its terms are consistent with this Section 11.06. None of the
foregoing provisions shall affect the right of a Holder of Notes to convert its Notes as set forth in Section 11.02 and Section 11.01 prior to the effective date of such Share Exchange Event. 

(d) The provisions of this Section 11.06 shall apply successively to successive Share Exchange Events. 

Section 11.07 Adjustment to Conversion Rate Upon Certain Transactions. 

(a) If a Make-Whole Fundamental Change occurs and a Holder elects to convert its Note in connection with such Make-Whole Fundamental Change,
the Company shall, in the circumstances described in this Section 11.07, increase the Conversion Rate for such Note by the number of additional shares of Common Stock (the “Additional Shares”) determined under this
Section 11.07. For the purposes of this Section 11.07, a conversion of the Notes shall be deemed to be “in connection with” such Make-Whole Fundamental Change if the Notice of Conversion of such Notes is received by the
Conversion Agent from, and including, the date on which such Make-Whole Fundamental Change occurs or becomes effective (such date, the “Make-Whole Fundamental Change Effective Date”) and up to, and including, the Business Day
immediately prior to the related Fundamental Change Purchase Date (or, in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the proviso in clause (b) of the definition thereof, the 35th Trading
Day immediately following the Make-Whole Fundamental Change Effective Date). The Company shall notify Holders promptly after the first 

  
 70 

 
public announcement by the Company of an event or transaction that the Company reasonably determines would, if consummated, constitute a Make-Whole Fundamental Change. Upon receiving notice or
otherwise becoming aware of a transaction or event that would, if consummated, constitute a Make-Whole Fundamental Change, the Company shall use commercially reasonable efforts to announce or cause the announcement of such transaction or event in
time to deliver such notice at least 35 Scheduled Trading Days prior to the anticipated effective date for such transaction or event; provided that in no event will the Company be required to provide such notice to the Holders before the
earlier of such time as the Company or its Affiliates (a) have publicly disclosed or acknowledged the circumstances giving rise to such transaction and (b) are required to publicly disclose under applicable law or the rules of any stock
exchange on which the Common Stock is then listed the circumstances giving rise to such transaction or event. 
 (b) The number of Additional
Shares by which the Conversion Rate shall be increased for a Note converted in connection with a Make-Whole Fundamental Change shall be determined by reference to the table in clause (d) below, based on the relevant Make-Whole Fundamental
Change Effective Date and the stock price paid (or deemed paid) per share of Common Stock in the Fundamental Change, as determined pursuant to clause (e) below (such stock price, the “Stock Price”). 

(c) The Stock Prices set forth in the column headings of the table in clause (d) below shall be adjusted as of any date on which the
Conversion Rate is adjusted pursuant to Section 11.05. The adjusted Stock Prices shall equal the Stock Prices in effect 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 in effect immediately after such adjustment. The number of Additional Shares set forth in the table in clause
(d) below shall be adjusted at the same time and in the same manner as the Conversion Rate is adjusted pursuant to Section 11.05. 

(d) The following table sets forth the Stock Prices and Make-Whole Fundamental Change Effective Dates and the number of Additional Shares, if
any, by which the Conversion Rate will be increased for a Holder that converts its Note in connection with a Make-Whole Fundamental Change having such Make-Whole Fundamental Change Effective Date and Stock Price: 

 

																																																	
	 Make-Whole

Fundamental Change

Effective Date
	 	Stock Price	 
	 	 	$41.88	 	 	$45.00	 	 	$50.00	 	 	$52.35	 	 	$55.00	 	 	$60.00	 	 	$70.00	 	 	$80.00	 	 	$90.00	 	 	$100.00	 	 	$125.00	 	 	$150.00	 
	 November 25, 2013
	 	 	4.7755	  	 	 	4.0626	  	 	 	3.1835	  	 	 	2.8544	  	 	 	2.5358	  	 	 	2.0486	  	 	 	1.3860	  	 	 	0.9759	  	 	 	0.7082	  	 	 	0.5265	  	 	 	0.2673	  	 	 	0.1439	  
	 December 1, 2014
	 	 	4.7755	  	 	 	4.2278	  	 	 	3.2738	  	 	 	2.9179	  	 	 	2.5751	  	 	 	2.0543	  	 	 	1.3568	  	 	 	0.9344	  	 	 	0.6654	  	 	 	0.4860	  	 	 	0.2380	  	 	 	0.1265	  
	 December 1, 2015
	 	 	4.7755	  	 	 	4.3748	  	 	 	3.3353	  	 	 	2.9516	  	 	 	2.5820	  	 	 	2.0272	  	 	 	1.2977	  	 	 	0.8683	  	 	 	0.6027	  	 	 	0.4309	  	 	 	0.2026	  	 	 	0.1063	  
	 December 1, 2016
	 	 	4.7755	  	 	 	4.4593	  	 	 	3.3306	  	 	 	2.9181	  	 	 	2.5233	  	 	 	1.9376	  	 	 	1.1870	  	 	 	0.7624	  	 	 	0.5108	  	 	 	0.3546	  	 	 	0.1593	  	 	 	0.0820	  
	 December 1, 2017
	 	 	4.7755	  	 	 	4.4111	  	 	 	3.1974	  	 	 	2.7593	  	 	 	2.3447	  	 	 	1.7402	  	 	 	0.9965	  	 	 	0.6020	  	 	 	0.3837	  	 	 	0.2563	  	 	 	0.1118	  	 	 	0.0574	  
	 December 1, 2018
	 	 	4.7755	  	 	 	4.1711	  	 	 	2.8743	  	 	 	2.4169	  	 	 	1.9921	  	 	 	1.3924	  	 	 	0.7070	  	 	 	0.3846	  	 	 	0.2269	  	 	 	0.1440	  	 	 	0.0661	  	 	 	0.0352	  
	 December 1, 2019
	 	 	4.7755	  	 	 	3.6613	  	 	 	2.2602	  	 	 	1.7902	  	 	 	1.3720	  	 	 	0.8277	  	 	 	0.3132	  	 	 	0.1378	  	 	 	0.0783	  	 	 	0.0547	  	 	 	0.0303	  	 	 	0.0173	  
	 December 1, 2020
	 	 	4.7755	  	 	 	3.1200	  	 	 	0.8978	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  

 In the event that the exact Stock Price or Make-Whole Fundamental Change Effective Date for a Make-Whole Fundamental Change is
not set forth in the table above: 

  
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 (i) if the Stock Price is between two Stock Prices listed in the table or the
Make-Whole Fundamental Change Effective Date is between two Make-Whole Fundamental Change Effective Dates listed in the table, the applicable number of Additional Shares shall be determined by a straight-line interpolation between the number of
Additional Shares set forth for the higher and lower Stock Prices and the earlier and later Make-Whole Fundamental Change Effective Dates based on a 365- or 366-day year, as applicable; 

(ii) if the Stock Price is greater than $150.00 per share (subject to adjustment in the same manner and at the same time as the
Stock Prices listed in the table), no Additional Shares shall be added to the Conversion Rate; and 
 (iii) if the Stock
Price is less than $41.88 per share (subject to adjustment in the same manner and at the same time as the Stock Prices listed in the table), no Additional Shares shall be added to the Conversion Rate. 

Notwithstanding anything to the contrary in this Section 11.07, in no event will the Conversion Rate be increased as a result of this
Section 11.07 to exceed 23.8777 shares per $1,000 principal amount of Notes, subject to adjustment at the same time and in the same manner as the Conversion Rate pursuant to Section 11.05 (the “Maximum Conversion Rate”).

 (e) With respect to any Make-Whole Fundamental Change: 

(i) that is described in clause (b) of the definition of Fundamental Change and in which the holders of Common Stock
receive only cash in consideration for their shares of Common Stock (a “Cash Merger”), notwithstanding anything to the contrary in Section 11.03, the Company shall satisfy its Conversion Obligation with respect to any Note
converted in connection with such Make-Whole Fundamental Change by delivering to the converting Holder, on the third Business Day immediately following the Conversion Date for such Note, an amount of cash, for each $1,000 principal amount of such
Note converted, equal to the product of (A) the Conversion Rate in effect on such Conversion Date (as increased by any Additional Shares pursuant to this Section 11.07) and (B) the “Stock Price” with respect to such Cash
Merger, which shall be the cash amount per share paid to holders of Common Stock in such Cash Merger; or 
 (ii) that is not
a Cash Merger, (A) the “Stock Price” with respect to such Make-Whole Fundamental Change shall equal the average of the Last Reported Sale Prices of Common Stock over the five Trading Day period ending on, and including, the Trading
Day immediately preceding the related Make-Whole Fundamental Change Effective Date, and (B) for the avoidance of doubt, the Company shall satisfy its Conversion Obligation with respect to any Note converted in connection with such Make-Whole
Fundamental Change in accordance with Section 11.03, based on the Conversion Rate as increased by any Additional Shares pursuant to this Section 11.07. 

Section 11.08 Trustee’s Disclaimer. None of the Trustee, Registrar, Paying Agent, Conversion Agent or the Bid Solicitation
Agent shall have any duty to determine when an adjustment under this Article 11 should be made, how it should be made or what it should be. 

  
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 None of the Trustee, Registrar, Paying Agent, Conversion Agent or Bid Solicitation Agent shall be responsible for
determining whether any of a Fundamental Change, a Make-Whole Fundamental Change, a VWAP Market Disruption Event, a Trigger Event or a Share Exchange Event shall have occurred. None of the Trustee, the Registrar, the Paying Agent, Conversion Agent
or the Bid Solicitation Agent shall have any shall be accountable for and makes any representation as to the validity or value (of the kind or amount) of any shares of Common Stock, of any Reference Property or of any other securities, property or
assets issued upon conversion of the Notes. None of the Trustee, the Registrar, the Paying Agent, Conversion Agent or the Bid Solicitation Agent shall be responsible for (i) any failure of the Company to make any cash payment or to issue,
transfer or deliver any shares of Common Stock or stock or share certificates or other securities or property upon the surrender of any Note for the purpose of conversion and (ii) the Company’s failure to comply with this Article 11. 

None of the Trustee, Registrar, Paying Agent, Conversion Agent or Bid Solicitation Agent (except for the Bid Solicitation Agent in respect of
the calculation of the Trading Price as and to the extent provided in Section 11.01) shall be responsible for calculating the Trading Price, or determining whether any event contemplated by Section 11.01 has occurred which makes the Notes
eligible for conversion, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed herein, in making the same and shall be entitled to presume that no such event has occurred
until the Company has delivered to the Trustee an Officer’s Certificate stating that such event has occurred, on such Officer’s Certificate the Trustee may conclusively rely, and the Company agrees to deliver such Officer’s
Certificate to the Trustee and any such agent immediately after the occurrence of any such event. 
 Without limiting the generality of the
foregoing, none of the Trustee, Registrar, Paying Agent, Conversion Agent or Bid Solicitation Agent shall be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to
Section 10.01(c) relating either to the kind or amount of shares of stock or securities or other property or assets (including cash) receivable for Holders upon the conversion of their Notes after any Share Exchange Event or to any adjustment
to be made with respect thereto, but, subject to the provisions of Section 8.01, 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. 
 Each
Conversion Agent and Bid Solicitation Agent (if other than the Company) shall have the same protection under this Section 11.08 as the Trustee, the Registrar and the Paying Agent. 

ARTICLE 12. 
 PAYMENT OF INTEREST

 Section 12.01 Payment of Interest. The Company shall pay interest on the Notes at a rate of 1.00% per annum,
payable semi-annually in arrears on June 1 and December 1 of each year (each, an “Interest Payment Date”) or, if any such day is not a Business Day, the immediately following Business Day, commencing June 1, 2014.
Interest on the Notes shall 

  
 73 

 
accrue from the most recent date to which interest has been paid or duly provided for, or, if no interest has been paid, the Issue Date, to, but excluding, the applicable Interest Payment Date.
Interest on a Note shall be paid to the Holder of record of such Note at the Close of Business on the May 15 or November 15, whether or not a Business Day (each, a “Record Date”), immediately preceding the June 1 or
December 1 Interest Payment Date, respectively, and shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 

Section 12.02 Defaulted Interest. Any installment of interest that is payable, but is not punctually paid or duly provided for on
any Interest Payment Date (“Defaulted Interest”), shall forthwith cease to be payable to the Holders in whose names the Notes were registered on the Record Date applicable to such installment of interest. Defaulted Interest
(including any interest on such Defaulted Interest) may be paid by the Company, at its election, as provided in Sections 12.02(a) or 12.02(b). 

(a) The Company may elect to make payment of any Defaulted Interest (including any interest on such Defaulted Interest) to the Holders in whose
names the Notes are registered at the Close of Business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which shall be fixed in the following manner. The Company shall notify the
Trustee in writing of the amount of Defaulted Interest proposed to be paid and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in
respect of such Defaulted Interest (including any interest on such Defaulted Interest) or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust
for the benefit of the Holders entitled to such Defaulted Interest (including any interest on such Defaulted Interest) as provided in this Section 12.02(a). Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest (including any interest on such Defaulted Interest), which shall be not more than 15 calendar days and not less than ten calendar days prior to the date of the proposed payment and not less than ten calendar days after the receipt by the
Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest
(including any interest on such Defaulted Interest) and the Special Record Date therefor to be sent by first-class mail, postage prepaid, to each Holder at such Holder’s address as it appears in the registration books of the Registrar, not less
than ten calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest (including any interest on such Defaulted Interest) and the Special Record Date therefor having been mailed as aforesaid, such
Defaulted Interest (including any interest on such Defaulted Interest) shall be paid to the Holders in whose names the Notes are registered at the Close of Business on such Special Record Date and shall no longer be payable pursuant to
Section 12.02(b). 
 (b) Alternatively, the Company may make payment of any Defaulted Interest (including any interest on such Defaulted
Interest) in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange if, after notice given by the Company to the Trustee of
the proposed payment pursuant to this Section 12.02(b), such manner of payment shall be deemed practicable by the Trustee. 

  
 74 

 Section 12.03 Interest Rights Preserved. Subject to the foregoing provisions of this
Article 12 and, to the extent applicable, Sections 2.06 and 2.07, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to
accrue, which were carried by such other Note. 
 ARTICLE 13. 

MEETINGS OF HOLDERS 

Section 13.01 Purpose of Meetings. A meeting of Holders may be called at any time and from time to time pursuant to the provisions
of this Article 13 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 or rescind any acceleration, or to take any other action authorized to be taken by Holders pursuant to any of the provisions of
Article 7; 
 (b) to remove the Trustee and nominate a successor Trustee pursuant to the provisions of Article 8; 

(c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Article 10; 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 Notes under
any other provision of this Indenture or under applicable law. 
 Section 13.02 Call of Meetings by Trustee. The Trustee may at
any time call a meeting of Holders to take any action specified in Section 13.01, to be held at such time and at such place as the Trustee shall determine. Notice of every meeting of the Holders, 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 1.04, shall be mailed to Holders of such Notes at their addresses as they shall appear on the Register.
Such notice shall also be mailed to the Company. Such notices shall be mailed not less than twenty nor more than sixty days prior to the date fixed for the meeting. 

Any meeting of Holders 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 then outstanding, and if the Company and the Trustee are either present by duly authorized representatives or have, before or after the meeting, waived notice (in the case of
the Company, to the extent such notice was required hereunder). 
 Section 13.03 Call of Meetings by Company or Holders. In case
at any time the Company, pursuant to a Board Resolution, or the Holders of at least 10% of the aggregate principal amount of Notes then outstanding, shall have requested the Trustee to call a meeting of 

  
 75 

 
Holders, 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 20 days
after receipt of such request, then the Company or such Holders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 13.01, by mailing notice thereof as provided in
Section 13.02. 
 Section 13.04 Qualifications for Voting. To be entitled to vote at any meeting of Holders 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 on the record date pertaining to such meeting. The only
Persons who shall be entitled to be present or to speak at any meeting of Holders 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 13.05 Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Holders, in regard to proof of the holding of the 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 Holders as provided in Section 13.03, in which case the Company or the Holders 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 Notes represented at the meeting and entitled to vote at the meeting. 

Subject to the provisions of Section 2.08, at any meeting of Holders each Holder or proxyholder shall be entitled to one vote for each
$1,000 principal amount of Notes held or represented by him or her; 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 the Notes held by it or instruments in writing as aforesaid duly designating it as the proxy to vote on behalf of other Holders. Any meeting of
Holders duly called pursuant to the provisions of Section 13.02 or Section 13.03 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 13.06 Voting. The vote
upon any resolution submitted to any meeting of Holders shall be by written ballot on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the outstanding aggregate principal amount of 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 Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the 

  
 76 

 
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 13.02. The record shall show the aggregate principal amount of 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, if appropriate, 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 13.07 No Delay
of Rights by Meeting. Nothing contained in this Article 13 shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder to make such call, any
hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders under any of the provisions of this Indenture or of the Notes. 

ARTICLE 14. 
 MISCELLANEOUS 

Section 14.01 Notices. Any request, demand, authorization, notice, waiver, consent or communication shall be in writing and
delivered in person or by recognized overnight courier or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile transmission or other similar means of unsecured electronic methods to the following: 

if to the Company: 
 Cardtronics,
Inc. 
 3250 Briarpark Drive, Suite 400 

Houston, Texas 77042 
 Attention:
Chris Brewster, Todd Ruden and Mike Keller 
 Facsimile: (832) 308-4761 

if to the Trustee in any of its roles hereunder: 

Wells Fargo Bank, National Association 

750 N. Saint Paul Place, Suite 1750 

MAC T9263-170 
 Dallas, Texas
75201 
 Facsimile: (214) 756-7401 

The Company or the Trustee, by notice given to the other in the manner provided above, may designate additional or different addresses for
subsequent notices or communications. 
 Any notice or communication given to a Holder shall be mailed to the Holder, by first-class mail,
postage prepaid, at the Holder’s address as it appears on the registration books of the Registrar and shall be deemed given on the date of such mailing. 

  
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 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, upon actual receipt by the addressee. Any notice required to be delivered hereunder by the Company to the Trustee shall
be delivered in the manner set forth in this Section 14.01 and the Company shall promptly confirm actual receipt thereof by the Trustee. 

If the Company mails a notice or communication to the Holders, including any notice to Holders pursuant to Article 11, it shall, at the same
time, mail a copy to the Trustee and each of the Registrar, Paying Agent and Conversion Agent. 
 If the Company is required under this
Indenture to give a notice to the Holders, in lieu of delivering such notice to the Holders, the Company may deliver such notice to the Trustee and cause the Trustee, at the expense of the Company, to have delivered such notice to the Holders on or
prior to the date on which the Company would otherwise have been required to deliver such notice to the Holders. In such a case, the Company shall also cause the Trustee, at the expense of the Company, to mail a copy of the notice to each of the
Registrar, Paying Agent and Conversion Agent at the same time it mails the notice to the Holders. 
 The Trustee shall have the right
vis-a-vis the Company, but shall not be required, to rely upon and comply with notices, instructions, directions or other communications sent by e-mail, facsimile and other similar unsecured electronic methods by persons believed by the
Trustee to be authorized to give instructions and directions on behalf of the Company. The Trustee shall have no duty or obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to
give instructions or directions on behalf of the Company; and the Trustee shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance upon or compliance with such notices,
instructions, directions or other communications. The Company agrees to assume all risks arising out of the use of such electronic methods to submit notices, instructions, directions or other communications to the Trustee, including without
limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. The Company shall use all reasonable endeavors to ensure that any such notices, instructions, directions or other
communications transmitted to the Trustee pursuant to this Indenture are complete and correct. As between the Trustee and the Company, any such notices, instructions, directions or other communications shall be conclusively deemed to be valid
instructions from the Company to the Trustee for the purposes of this Indenture. 
 Section 14.02 Certificate and Opinion as to
Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 

(a) an Officer’s Certificate stating that, in the opinion of the signer, all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel stating that, in the opinion of such counsel, all
such conditions precedent relating to the proposed action (to the extent of legal conclusions) have been complied with; provided that no such Opinion of Counsel shall be required to be delivered in connection with the issuance of the Notes
that are issued on the Last Original Issuance Date. 

  
 78 

 Section 14.03 Statements Required in Certificate or Opinion. Each Officer’s
Certificate or Opinion of Counsel with respect to compliance with a covenant or condition (except for such Officer’s Certificate required to be delivered pursuant to Section 5.03 or Section 7.01(b)) provided for in this Indenture
shall include: 
 (a) a statement that each individual making such Officer’s Certificate or Opinion of Counsel has read such covenant or
condition; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or judgments
contained in such Officer’s Certificate or Opinion of Counsel are based; 
 (c) a statement that, in the opinion of each such
individual, he has made such examination or investigation as is necessary to enable such individual to express an informed judgment as to whether or not such covenant or condition has been complied with; and 

(d) a statement that, in the opinion of such individual, such covenant or condition has been complied with. 

Section 14.04 Severability Clause. In case any provision in this Indenture or in the Notes shall be invalid, illegal or
unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 14.05 Rules by Trustee. The Trustee may make reasonable rules for action by or a meeting of Holders. 

Section 14.06 Governing Law. THIS INDENTURE AND EACH NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT IT MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Section 14.07 No Recourse Against
Others. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Notes or this Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Notes. 

  
 79 

 Section 14.08 Calculations. Except as otherwise provided herein, the Company shall be
responsible for making all calculations called for under this Indenture and under the Notes. These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of Common Stock, Daily VWAPs, Daily Settlement Amounts,
Daily Conversion Values, Daily Measurement Values, Specified Dollar Amounts, Stock Prices, Trading Prices (if the Company is the Bid Solicitation Agent), accrued interest payable on the Notes and the Conversion Rate in effect on any Conversion Date.

 The Company shall make these calculations in good faith and, absent manifest error, such calculations will be final and binding on
Holders. The Company shall provide to each of the Trustee and the Conversion Agent a schedule of its calculations, and each of the Trustee and Conversion Agent is entitled to rely conclusively upon the accuracy of such calculations without
independent verification. The Trustee shall forward the Company’s calculations to any Holder upon the request of such Holder. 
 All
calculations shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be. 
 Section 14.09
Successors. All agreements of the Company, the Trustee, the Registrar, the Paying Agent and the Conversion Agent in this Indenture and the Notes shall bind their respective successors. 

Section 14.10 Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (i.e., “pdf” or
“tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (i.e., “pdf” or “tif”) shall be deemed to be their original signatures for all purposes. 

Section 14.11 Table of Contents; Headings. The table of contents and headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 14.12 Force Majeure. The Trustee, Registrar, Paying Agent, Bid Solicitation Agent and Conversion Agent shall not incur any
liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of such person (including but not limited to any act or provision of any present or future law or
regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility).

 Section 14.13 Submission to Jurisdiction. The Company (a) agrees that any suit, action or proceeding against it arising
out of or relating to this Indenture or the Notes, as the case may be, may be instituted in any U.S. federal court with applicable subject matter jurisdiction sitting in The City of New York; (b) waives, to the fullest extent permitted by
applicable law, any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, and any claim that any suit, action or proceeding in such a court has been brought in an inconvenient forum; and
(c) submits to the non-exclusive jurisdiction of such courts in any suit, action or proceeding. 

  
 80 

 Section 14.14 Legal Holidays. If any Interest Payment Date, the Maturity Date or any
Fundamental Change Purchase Date occurs on a day that is not a Business Day, the payment required to be made on such day shall be postponed until the immediately following Business Day, and no interest on such payment shall accrue in respect of such
delay. 
 Section 14.15 No Security Interest Created. Except as provided in Section 8.06, 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 14.16 Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or implied, shall give to any Person,
other than the parties hereto, any Paying Agent, any Conversion Agent, any Bid Solicitation Agent, any authenticating agent, any Registrar and their successors hereunder or the Holders, any benefit or any legal or equitable right, remedy or claim
under this Indenture, other than (i) the right of a beneficial owner to exchange its beneficial interest in a Global Note for a Certificated Note during the continuance of an Event of Default pursuant to Section 2.12(a)(ii) and
(ii) the right of a holder of Common Stock issued upon conversion to enforce the provisions of Section 2.06(i). 

Section 14.17 Tax Withholding. By purchasing a beneficial interest in the Notes each Holder, and any individual or entity that
acquires a direct or indirect interest in the Notes, will be deemed to have agreed that if the Company or other applicable withholding agent pays withholding taxes or backup withholding on behalf of a Holder or beneficial owner of a Note as a result
of an adjustment to the Conversion Rate, the Company or other applicable withholding agent may, at its option, set off such payments against payments of cash and shares of Common Stock on the Note. 

(Signature page follows) 

  
 81 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the
day and year first before written. 
  

			
	CARDTRONICS, INC.
		
	By:	 	/s/ Chris Brewster
		 	 Name: Chris Brewster
 Title: Chief Financial
Officer

	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	/s/ Patrick T. Giordano
		 	 Name: Patrick T. Giordano
 Title: Vice
President

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 NO
AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF CARDTRONICS, INC. OR PERSON THAT HAS BEEN AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF CARDTRONICS, INC. DURING THE IMMEDIATELY PRECEDING THREE MONTHS MAY PURCHASE,
OTHERWISE ACQUIRE OR HOLD THIS SECURITY OR A BENEFICIAL INTEREST HEREIN. 
 [Include the following legend for Global Notes only
(the “Global Securities Legend”):] 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

[Include the following legend on all Notes that are Restricted Notes (the “Restricted Securities
Legend”):] 
 THE SALE OF THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), THIS NOTE AND ANY COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE OFFERED, RESOLD OR OTHERWISE TRANSFERRED,
EXCEPT: 
 (A) TO CARDTRONICS, INC. (THE “COMPANY”) OR ANY SUBSIDIARY THEREOF; 

(B) PURSUANT TO, AND IN ACCORDANCE WITH, A REGISTRATION STATEMENT THAT IS EFFECTIVE UNDER THE SECURITIES ACT AT THE TIME OF SUCH TRANSFER; 

(C) TO A PERSON THAT YOU REASONABLY BELIEVE TO BE A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR

 (D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(INCLUDING, IF AVAILABLE, THE EXEMPTION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT). 

  
 A-1 

 THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE LATER OF: (1) THE DATE THAT IS
ONE YEAR AFTER THE DATE OF LAST ORIGINAL ISSUANCE OF THE COMPANY’S 1.00% CONVERTIBLE SENIOR NOTES DUE 2020 (INCLUDING THE LAST DATE OF ISSUANCE OF ADDITIONAL NOTES PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’ OVER-ALLOTMENT OPTION)
OR SUCH SHORTER PERIOD OF TIME PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO; AND (2) THE DATE ON WHICH WE HAVE INSTRUCTED THE TRUSTEE THAT THE FOREGOING RESTRICTIONS WILL NO LONGER APPLY IN ACCORDANCE WITH
THE PROCEDURES DESCRIBED IN THE INDENTURE. 
 WITH RESPECT TO ANY TRANSFER PURSUANT TO THE FOREGOING CLAUSE (D), PRIOR TO THE RESALE
RESTRICTION TERMINATION DATE, THE COMPANY AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO CONFIRM THAT SUCH TRANSFER IS BEING
MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 A-2 

 CARDTRONICS, INC. 

1.00% Convertible Senior Note due 2020 
  

					
	No. [                ]	  	 	[Initially]1    $[                ]	  
		
	CUSIP No. 14161H AF5	  			

 Cardtronics, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware
(the “Company,” which term includes any successor corporation or other entity under the Indenture referred to on the reverse hereof), for value received hereby promises to pay to [CEDE & CO.]2 [                    ]3, or registered
assigns, the principal sum [as set forth in the “Schedule of Exchanges of Notes” attached hereto]4 [of
$[                    ]]5, which amount, taken together with the principal amounts of all other
outstanding Notes, shall not, unless permitted by the Indenture, exceed $287,500,000 in aggregate at any time, on December 1, 2020, and interest thereon as set forth below. 

This Note shall bear interest at the rate of 1.00% per year from November 25, 2013, or from the most recent date to which interest
had been paid or provided for to, but excluding, the next scheduled Interest Payment Date until December 1, 2020. Interest is payable semi-annually in arrears on each June 1 and December 1, commencing on June 1, 2014, to Holders
of record at the close of business on the preceding May 15 and November 15 (whether or not such day is a Business Day), respectively. Additional Interest will be payable under the circumstances set forth in the within-mentioned Indenture,
and any reference to interest on, or in respect of, any Note therein shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to the Indenture and any express mention of the payment
of Additional Interest in any provision therein shall not be construed as excluding Additional Interest in those provisions thereof where such express mention is not made. 

Payments of the Fundamental Change Purchase Price, cash due upon conversion, principal and interest that are not made when due shall accrue
interest per annum at the then-applicable interest rate from the relevant payment date. 
 The Company shall pay the principal of and
interest on this Note, so long as such Note is a Global Note, in immediately available funds to the Depositary or its nominee, as the case may be, as the registered Holder of such Note. As provided in and subject to the provisions of the Indenture,
the Company shall pay the principal of any Notes (other than Notes that are Global Notes) at the office or agency designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent and Registrar in
respect of the Notes and its agency in the Borough of Manhattan, New York City, as a place where Notes may be presented for payment or for registration of transfer. 

 

	1 	Include if a global note. 

	2 	Include if a global note. 

	3 	Include if a physical note. 

	4 	Include if a global note. 

	5 	 Include if a physical note. 

  
 A-3 

 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, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, on the terms and subject to the limitations
set forth in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

This Note shall be construed in accordance with and governed by the laws of the State of New York. 

In the case of any conflict between this Note and the Indenture, the provisions of the Indenture shall control and govern. 

This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed
manually or by facsimile by the Trustee or a duly authorized authenticating agent under the Indenture. 
 [Remainder of page
intentionally left blank] 

  
 A-4 

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

 

			
	CARDTRONICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 Dated: 
 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:	 	 
		 	Authorized Signatory

  
 A-5 

 [FORM OF REVERSE OF NOTE] 

CARDTRONICS, INC. 
 This Note is
one of a duly authorized issue of the Notes of the Company, designated as its 1.00% Convertible Senior Notes due 2020 (the “Notes”), limited to the aggregate principal amount of $287,500,000, all issued or to be issued under and
pursuant to an Indenture dated as of November 25, 2013 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (the “Trustee”), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of 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 interest on, all Notes may be declared, by either the Trustee or Holders of at least 25% in aggregate principal amount of Notes then outstanding, and upon said declaration shall
become, due and payable, in the manner, with the effect and subject to the conditions and certain exceptions set forth in the Indenture. 

Subject to the terms and conditions of the Indenture, the Company will make all payments and deliveries in respect of the Fundamental Change
Purchase Price on the Fundamental Change Purchase Date 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 Notes, and in certain other circumstances, with the consent of the Holders of not less than a majority in aggregate
principal amount of Notes at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures modifying the terms of the Indenture and the Notes as described therein. It is also provided in the Indenture that, subject
to certain exceptions, the Holders of a majority in aggregate principal amount of Notes at the time outstanding may on behalf of the Holders of all of the Notes waive any current or past Default or Event of Default under the Indenture and its
consequences. 
 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay or deliver, as the case may be, the principal (including the Fundamental Change Purchase Price, if applicable) of, accrued and unpaid interest on, and the consideration due upon conversion
of, this Note at the place, at the respective times, at the rate and in the lawful money herein prescribed. 

  
 A-6 

 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, Notes may be exchanged for a like aggregate principal amount of
Notes of other authorized denominations, without payment of any service charge but, if required by the Company or Trustee, with payment of a sum sufficient to cover any documentary, stamp or similar issue or transfer tax that may be imposed in
connection therewith as a result of the name of the Holder of the new Notes issued upon such exchange of the Notes being different from the name of the Holder of the old Notes surrendered for such exchange. The Trustee (or, if applicable, such other
entity appointed as Registrar in accordance with the terms of the Indenture) need not transfer or exchange any Notes in respect of which a Fundamental Change Purchase Notice has been given and not withdrawn (except, in the case of a Note to be
purchased in part, the portion of the Note not to be purchased). 
 The Notes are not subject to redemption through the operation of any
sinking fund or otherwise. 
 Upon the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s option, to
require the Company to purchase for cash all of such Holder’s Notes or any portion thereof (in principal amounts of $1,000 or integral multiples thereof) on the Fundamental Change Purchase Date at a price equal to the Fundamental Change
Purchase Price. 
 Subject to the provisions of the Indenture, the Holder hereof has the right, at its option, during certain periods and
upon the occurrence of certain conditions specified in the Indenture, prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Maturity Date, to convert any Notes or portion thereof that is $1,000 or an integral
multiple thereof, into cash, shares of Common Stock or a combination thereof, based on the Conversion Rate specified in the Indenture, as adjusted from time to time as provided in the Indenture. 

Terms used in this Note and defined in the Indenture are used herein as therein defined. 

  
 A-7 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were written out in full
according to applicable laws or regulations: 
 TEN COM = as tenants in common 

UNIF GIFT MIN ACT = Uniform Gifts to Minors Act 
 CUST = Custodian

 TEN ENT = as tenants by the entireties 
 JT TEN = joint
tenants with right of survivorship and not as tenants in common 
 Additional abbreviations may also be used though not in the above list.

  
 A-8 

 SCHEDULE A6 

SCHEDULE OF EXCHANGES OF NOTES 

CARDTRONICS, INC. 
 1.00%
Convertible Senior Notes due 2020 
 The initial principal amount of this Global Note is
                    DOLLARS
($[                    ]). The following increases or decreases in this Global Note have been made: 

 

									
	 Date of Exchange
	  	 Amount of

decrease in
 principal
amount
 of this Global Note
	  	 Amount of increase

principal amount
 of this
Global Note
	  	 Principal amount

of this Global Note

following such
 decrease
or
 increase
	  	 Signature of

authorized
 signatory
of
 Trustee or

Custodian

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  

  

	6 	Include if a global note. 

  
 A-9 

 ATTACHMENT 1 

[FORM OF NOTICE OF CONVERSION] 
 To: Cardtronics,
Inc. 
 The undersigned registered owner of this Note hereby exercises the option to convert this Note, or the portion hereof (that is $1,000
principal amount or an integral multiple thereof) below designated, into cash, shares of Common Stock or a combination thereof, in accordance with the terms of the Indenture referred to in this Note, and directs that any cash payable and any shares
of Common Stock issuable and deliverable upon such conversion, together with any cash for any fractional share, and any Notes representing any unconverted principal amount hereof, be issued and delivered to the registered Holder hereof unless a
different name has been indicated below. If any shares of Common Stock or any portion of this Note not converted are to be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary, stamp or similar issue or
transfer taxes, if any in accordance with the Indenture. Any amount required to be paid to the undersigned on account of interest accompanies this Note. 
  

			
	Dated:                                     
                                         
                                      	 	  

		 	
		 	  

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

  
 A-10 

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

		  	Identification Number

  
 A-11 

 ATTACHMENT 2 

[FORM OF FUNDAMENTAL CHANGE PURCHASE NOTICE] 

To: Cardtronics, Inc. 
 The undersigned
registered owner of this Note hereby acknowledges receipt of a notice from Cardtronics, Inc. (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change Purchase
Date and requests and instructs the Company to pay to the registered holder hereof in accordance with Article 3 of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is $1,000
principal amount or an integral multiple thereof) below designated, and (2) if such Fundamental Change Purchase Date does not fall during the period after a Record Date and on or prior to the corresponding Interest Payment Date, accrued and
unpaid interest, if any, thereon to, but excluding, such Fundamental Change Purchase Date. 
 In the case of Certificated Notes, the
certificate numbers of the Notes to be repurchased are as set forth below: 
  

					
	Dated:                                     
                                         
                            	 		  	
		 		  	  
 Signature(s)

			
		 		  	  
 Social Security or Other
Taxpayer Identification Number

			
		 		  	Principal amount to be repaid (if less than all): $                    ,000
			
		 		  	NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever.

  
 A-12 

 ATTACHMENT 3 

[FORM OF TRANSFER CERTIFICATE] 

1.00% Convertible Senior Notes due 2020 

Transfer Certificate 
 For value received
                            hereby sell(s), assign(s) and transfer(s) unto
                            (Please insert social security or Taxpayer Identification Number of assignee) the
within Note, and hereby irrevocably constitutes and appoints                             attorney to transfer
the said Note on the books of the Company, with full power of substitution in the premises. 
 In connection with any transfer of the within Note occurring
prior to the Resale Restriction Termination Date, as defined in the Indenture governing such Note, the undersigned confirms that such Note is being transferred: 

 ̈ To Cardtronics, Inc. or a subsidiary thereof; or 

 ̈ Pursuant to, and in accordance with, a registration statement that is effective under the Securities Act of
1933, as amended at the time of such transfer; or 
  ̈ To a person that the undersigned reasonably believes
to be a qualified institutional buyer in compliance with Rule 144A under the Securities Act of 1933, as amended; or 

 ̈ Under any other available exemption from, or in a transaction not subject to, the registration requirements
of the Securities Act of 1933, as amended (including, if available, the exemption provided by Rule 144 under the Securities Act of 1933, as amended). 
 In
connection with a transfer pursuant to the fourth clause above, by its execution below, the undersigned hereby acknowledges and agrees that, prior to effecting the transfer requested hereby, the Company and/or the Trustee may reasonably require
additional certifications, legal opinions and other documents and information to confirm that such condition to transfer (as indicated in the preceding sentence) has been satisfied. 

  
 A-13 

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

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

  
 A-14 

 EXHIBIT B 

RESTRICTED STOCK LEGEND 

THE SALE OF THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND ACCORDINGLY, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), THIS SECURITY MAY NOT BE OFFERED, RESOLD, OR OTHERWISE TRANSFERRED, EXCEPT: 

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

(B) PURSUANT TO, AND IN ACCORDANCE WITH, A REGISTRATION STATEMENT THAT IS EFFECTIVE UNDER THE SECURITIES ACT AT THE TIME OF SUCH TRANSFER; 

(C) TO A PERSON THAT YOU REASONABLY BELIEVE TO BE A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT; OR

 (D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(INCLUDING, IF AVAILABLE, THE EXEMPTION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT). 
 THE “RESALE RESTRICTION TERMINATION
DATE” MEANS THE LATER OF: (1) THE DATE THAT IS ONE YEAR AFTER THE DATE OF LAST ORIGINAL ISSUANCE OF THE COMPANY’S 1.00% CONVERTIBLE SENIOR NOTES DUE 2020 (THE “NOTES”) (INCLUDING THE LAST DATE OF ISSUANCE OF
ADDITIONAL NOTES PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASERS’ OVER-ALLOTMENT OPTION) OR SUCH SHORTER PERIOD OF TIME PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO; AND (2) THE DATE ON WHICH THE
COMPANY HAS INSTRUCTED THE TRUSTEE FOR THE NOTES THAT THE SUBSTANTIALLY SIMILAR RESTRICTIONS APPLICABLE TO THE NOTES WILL NO LONGER APPLY IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE GOVERNING THE NOTES. 

WITH RESPECT TO ANY TRANSFER PURSUANT TO THE FOREGOING CLAUSE (D), PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, THE COMPANY AND THE
COMPANY’S TRANSFER AGENT RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 B-1EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
 DOMTAR
CORPORATION, 
 THE SUBSIDIARY GUARANTORS PARTY HERETO 

and 
 THE BANK OF NEW YORK
MELLON, 
 as Trustee 
  

 
 TENTH
SUPPLEMENTAL INDENTURE 
 Dated as of November 26, 2013 

 
  

6.75% Senior Notes due 2044 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
		 	ARTICLE 1	  			
		 	DEFINITIONS	  			
	 Section 1.01.
	 	Relation to Original Indenture	  	 	2	  
	 Section 1.02.
	 	Definition of Terms	  	 	2	  
			
		 	ARTICLE 2	  			
		 	THE NOTES	  			
			
	 Section 2.01.
	 	Designation	  	 	3	  
	 Section 2.02.
	 	Principal Amount	  	 	3	  
	 Section 2.03.
	 	Payment of Interest; Record Date	  	 	3	  
	 Section 2.04.
	 	Form of Notes; Global Form	  	 	3	  
	 Section 2.05.
	 	Restrictive Legends	  	 	4	  
	 Section 2.06.
	 	Registration, Registration of Transfer and Exchange	  	 	4	  
	 Section 2.07.
	 	Redemption by the Company	  	 	4	  
	 Section 2.08.
	 	Defeasance	  	 	4	  
	 Section 2.09.
	 	Amendments Without Consent of Holders	  	 	5	  
			
		 	ARTICLE 3	  			
		 	MISCELLANEOUS	  			
			
	 Section 3.01.
	 	Ratification of Indenture	  	 	5	  
	 Section 3.02.
	 	Trustee Not Responsible for Recitals	  	 	5	  
	 Section 3.03.
	 	Governing Law	  	 	5	  
	 Section 3.04.
	 	Separability	  	 	5	  
	 Section 3.05.
	 	Counterparts	  	 	5	  

 THIS TENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated
as of November 26, 2013 is among DOMTAR CORPORATION, a Delaware corporation (together with its successors and assigns, the “Company”), the subsidiary guarantors listed on the signature pages hereto (each a “Subsidiary
Guarantor,” and together, the “Subsidiary Guarantors”) under the Indenture referred to below and THE BANK OF NEW YORK MELLON (successor to The Bank of New York), a New York banking corporation, as Trustee (the
“Trustee”) under the Indenture referred to below. 
 R E C I T A L S 

WHEREAS, the Company has heretofore executed and delivered to the Trustee a Senior Indenture, dated as of November 19, 2007, among
the Company, Domtar Paper Company, LLC and the Trustee (the “Original Indenture”), as supplemented by the Supplemental Indenture, dated as of February 15, 2008, among the Company, the subsidiary guarantors party thereto and the
Trustee (the “First Supplemental Indenture”), the Second Supplemental Indenture, dated as of February 20, 2008, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Second Supplemental
Indenture”), the Third Supplemental Indenture, dated as of June 9, 2009, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Third Supplemental Indenture”), the Fourth Supplemental
Indenture, dated as of June 23, 2011, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Fourth Supplemental Indenture”), the Fifth Supplemental Indenture, dated as of September 7, 2011, among
the Company, the subsidiary guarantors party thereto and the Trustee (the “Fifth Supplemental Indenture”), the Sixth Supplemental Indenture, dated as of March 16, 2012, among the Company, the subsidiary guarantors party thereto
and the Trustee (the “Sixth Supplemental Indenture”), the Seventh Supplemental Indenture, dated as of May 21, 2012, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Seventh Supplemental
Indenture”), the Eighth Supplemental Indenture, dated as of August 23, 2012, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Eighth Supplemental Indenture”) and the Ninth Supplemental
Indenture, dated as of July 31, 2013, among the Company, the subsidiary guarantors party thereto and the Trustee (the “Ninth Supplemental Indenture” and, together with this Supplemental Indenture, the Original Indenture, the
First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture and the
Eighth Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of series of the Company’s Securities (as defined in the Original Indenture); 

WHEREAS, Section 901(5) of the Original Indenture provides for the Company, the Subsidiary Guarantors and the Trustee to enter into an
indenture supplemental to the Original Indenture to establish the form or terms of Securities of any series as permitted by Sections 201 or 301 of the Original Indenture; 

WHEREAS, pursuant to Section 301 of the Original Indenture, the Company wishes to provide for the issuance of a new series of
Securities to be known as its 6.75% Senior Notes due 2044, the form and terms of such Securities and the terms, provisions and conditions thereof to be set forth as provided in this Supplemental Indenture (the “Notes”); 

 WHEREAS, the Company deems it necessary and advisable to enter into this Tenth Supplemental
Indenture for the purpose of supplementing certain provisions of the Original Indenture with respect to Securities issued on or after the date hereof; 

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture and all requirements necessary to make
this Supplemental Indenture a valid, binding and enforceable instrument in accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid, binding and enforceable obligations
of the Company. 
 NOW, THEREFORE, in consideration of the covenants and agreements set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee hereby agree as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Relation to Original Indenture. This Supplemental Indenture constitutes an integral part of the Original
Indenture. 
 Section 1.02. Definition of Terms. For all purposes of this Supplemental Indenture: 

(a) capitalized terms used herein without definition shall have the meanings specified in the Original Indenture; 

(b) a term defined anywhere in this Supplemental Indenture has the same meaning throughout; 

(c) the singular includes the plural and vice versa; 

(d) headings are for convenience of reference only and do not affect interpretation; 

(e) the following terms have the meanings given to them in this Section 1.02(e): 

Each of the following terms is defined in the section set forth opposite such term: 

 

			
	 Term
	  	 Section

	 Company
	  	Preamble
	 Eighth Supplemental Indenture
	  	Recitals
	 Fifth Supplemental Indenture
	  	Recitals
	 First Supplemental Indenture
	  	Recitals
	 Fourth Supplemental Indenture
	  	Recitals
	 Global Note
	  	Section 2.04(b)
	 Indenture
	  	Recitals
	 Ninth Supplemental Indenture
	  	Recitals

  
 2 

			
	 Original Indenture
	  	Recitals
	 Second Supplemental Indenture
	  	Recitals
	 Seventh Supplemental Indenture
	  	Recitals
	 Sixth Supplemental Indenture
	  	Recitals
	 Subsidiary Guarantor(s)
	  	Preamble
	 Supplemental Indenture
	  	Preamble
	 Third Supplemental Indenture
	  	Recitals
	 Trustee
	  	Preamble

 ARTICLE 2 

THE NOTES 

Section 2.01. Designation. The Company hereby establishes a series of Securities for issuance under the Indenture
designated the “6.75% Senior Notes due 2044.” 
 Section 2.02. Principal Amount. (a) The Notes shall be
initially limited to an aggregate principal amount of $250,000,000. 
 (b) For all purposes of the Indenture, all Notes shall
constitute one series of Securities and shall Act together as one series of Securities. 
 Section 2.03. Payment of Interest;
Record Date. The Regular Record Date for the interest payable on any Interest Payment Date of the Securities shall be the fifteenth day of the month preceding the Interest Payment Date. 

Section 2.04. Form of Notes; Global Form. (a) The Notes shall be substantially in the form of Exhibit A hereto. The terms
and provisions contained in the form of Note set forth in Exhibit A shall constitute, and are hereby expressly made, a part of the Indenture. 

Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends, endorsements or changes 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 the Indenture, or as may be required by the Depositary or with any rule or regulation of any
securities exchange or automated quotation system on which the Notes may be listed, or to conform to usage, or to indicate any special limitations or restrictions to which any particular Notes are subject. 

(b) So long as the Notes are eligible for book-entry settlement with the Depositary, or unless otherwise required by law, or otherwise
contemplated by Section 305 of the Original Indenture, all of the Notes shall be represented by one or more Notes in global form registered in the name of the Depositary or the nominee of the Depositary (collectively, the “Global
Notes”) and shall be deposited with the Depositary or the Trustee as custodian therefor. The transfer and exchange of beneficial interests in any such Global Note shall be effected through the Depositary in accordance with the Indenture and
the applicable procedures of the Depositary. Except as provided in Section 305 of the Original Indenture, beneficial owners of a Global Note shall not be entitled to have certificates registered in their names, will not receive or be entitled
to receive physical delivery of certificates in definitive form and will not be considered Holders of such Global Note. 

  
 3 

 Any Global Note shall represent such of the Outstanding Notes as shall be specified therein and
shall represent the aggregate amount of Outstanding Notes from time to time endorsed thereon. 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 in such manner and upon instructions given by or through the Depositary in accordance with the Indenture. Payment of principal of and interest and premium, if any, on any Global Note shall be made to the Holder of such Note in accordance
with the procedures of the Depositary. 
 Section 2.05. Restrictive Legends. Each Global Note shall bear the following legend on the
face thereof: 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS 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. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF DTC OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR SUCH NOMINEE, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

Section 2.06. Registration, Registration of Transfer and Exchange. The Notes shall be subject to the provisions governing
registration, registration of transfer and exchange in accordance with the terms and conditions set forth in Section 305 of the Original Indenture. 

Section 2.07. Redemption by the Company. The Notes may be redeemed at the option of the Company and the Company may be
required to redeem the Notes on the terms and conditions set forth in the form of Note attached as Exhibit A hereto. 

Section 2.08. Defeasance. The Notes shall be subject to defeasance at the option of the Company in accordance with the
terms and conditions set forth in Section 1301 of the Original Indenture. 

  
 4 

 Section 2.09. Amendments Without Consent of Holders. In addition to the matters
specified in Section 901 as being proper subjects for indentures supplemental to the Indenture that may be entered into without the consent of Holders of the Notes, the Company, the Subsidiary Guarantors and the Trustee may enter into
indentures supplemental to the Indenture, in form satisfactory to the Trustee, for the purpose of conforming the text of the Indenture, the Notes or the Subsidiary Guarantees to any provision of the “Description of the notes” in the
Company’s Prospectus Supplement dated November 20, 2013 or the “Description of debt securities” in the Company’s Prospectus dated October 1, 2013 to the extent that such provision in either such section was intended to
be a verbatim recitation of a provision of the Indenture, the Notes or the Subsidiary Guarantees. 
 ARTICLE 3 

MISCELLANEOUS 

Section 3.01. Ratification of Indenture. The Original Indenture, as amended and supplemented prior to the date hereof and
as further amended and supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Original Indenture in the manner and to the extent herein and therein
provided. 
 Section 3.02. Trustee Not Responsible for Recitals. The recitals herein contained are made by the
Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

Section 3.03. Governing Law. THIS SUPPLEMENTAL INDENTURE AND EACH NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. 
 Section 3.04. Separability. In case any one or more of the provisions contained in this
Supplemental Indenture or in the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, then, to the extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provisions
of this Supplemental Indenture or of the Notes, but this Supplemental Indenture and the Notes shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein or therein. 

Section 3.05. Counterparts. This Supplemental 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. 

  
 5 

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

			
	DOMTAR CORPORATION
		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	 Title: Vice President, Corporate

 Law and Secretary

	
	 ARIVA DISTRIBUTION INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 ASSOCIATED HYGIENIC PRODUCTS LLC,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 ATTENDS HEALTHCARE PRODUCTS, INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 DOMTAR AI INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary

 Signature Page to Tenth Supplemental Indenture 

 
			
	 DOMTAR A.W. LLC,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 DOMTAR DELAWARE HOLDINGS, LLC,

as Subsidiary Guarantor

		
	By:	 	 /s/ Barry Crozier

		 	Name: Barry Crozier
		 	Title: Secretary
	
	 DOMTAR DELAWARE INVESTMENTS INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Barry Crozier

		 	Name: Barry Crozier
		 	Title: Secretary
	
	 DOMTAR INDUSTRIES LLC,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 DOMTAR PAPER COMPANY, LLC,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary

 Signature Page to Tenth Supplemental Indenture 

 
			
	 DOMTAR PERSONAL CARE ABSORBENT HYGIENE INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 DOMTAR WISCONSIN DAM CORP.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 EAM CORPORATION,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary
	
	 E.B. EDDY PAPER, INC.,

as Subsidiary Guarantor

		
	By:	 	 /s/ Razvan Theodoru

		 	Name: Razvan Theodoru
		 	Title: Secretary

 Signature Page to Tenth Supplemental Indenture 

 
			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	 /s/ Michelle Drinkard

		 	Name: Michelle Drinkard
		 	Title: Vice President

 Signature Page to Tenth Supplemental Indenture 

 EXHIBIT A 

[SPECIMEN BOND] 
 (FORM OF FACE OF
SECURITY) 
 [Insert Legends As Applicable, Including Legend Required by Section 202 of the Indenture] 

DOMTAR CORPORATION 
 6.75% Notes
due 2044 
 [Date of Issuance] 

CUSIP: 257559AK0 
 ISIN: US257559AK07

  

			
	No.                 	  	U.S.$
                                        

 DOMTAR CORPORATION, a Delaware corporation (hereinafter called the “Company”, which term includes
any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
$                            
(                                        
United States Dollars) on February 15, 2044, and to pay interest thereon from November 26, 2013 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on
February 15 and August 15 of each year, commencing February 15, 2014, at the rate of 6.75% per annum, on the basis of a 360-day year consisting of twelve 30-day months, until the principal hereof is paid or duly provided for or
made available for payment. 
 The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be February 1, in the case of
the February 15 Interest Payment Date, and August 1, in the case of the August 15 Interest Payment Date (whether or not a Business Day). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be 

  
 A-1 

 
paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and any interest on this Security will be made at the office or agency of the Company
maintained for that purpose in The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed as of the date
first set forth above. 
  

					
	DOMTAR CORPORATION
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  

	
	Attest:
	
	 
	 Name:
 Title:

 Certificate of Authentication 

This is one of the Securities referred to in the within-mentioned Indenture. 

 

			
	 The Bank of New York Mellon,
  

as Trustee

		
	By:	 	 
		 	Authorized Officer

  

  
 A-3 

 (FORM OF REVERSE OF SECURITY) 

 

	1.	INDENTURE 

 This Security is one of a duly authorized issue of securities of the
Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of November 19, 2007, as supplemented and amended from time to time (herein called the “Indenture”), among
the Company, the Subsidiary Guarantors and The Bank of New York Mellon (as successor to The Bank of New York), as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and
all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, any Subsidiary Guarantor and the Trustee and the Holders of the Securities
and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, limited in aggregate principal amount to U.S.$ 250,000,000; provided, however, that
the Company may create and issue further securities ranking pari passu with the Securities in all respects or in all respects except for the payment of interest accruing prior to the issue date of such further securities and except for the
first payment of interest following the issue date of such further securities. The Company may consolidate such further securities with the Securities to form a single series, having the same terms as to status, redemption or otherwise as the
Securities. 
 All terms used in this Security that are defined in the Indenture shall have the meaning assigned to them in the
Indenture. 
  

	2.	SPECIAL MANDATORY REDEMPTION 

 In the event that the Company does not consummate the
acquisition of the outstanding capital stock of Task Moraza, S.L., the parent of Laboratorios Indas, SAU, on or prior to July 31, 2014, or the related Quota Sale and Purchase Agreement (the “Purchase Agreement”), dated
November 19, 2013, by and among the Company and the Vendors named therein is terminated at any time prior thereto (July 31, 2014 or such earlier date of termination, the “Trigger Date”), then the Company will redeem in whole and not
in part the aggregate principal amount of the Securities of this series (a “Special Mandatory Redemption”) on the Special Mandatory Redemption Date (as defined below) at a redemption price equal to 101% of the aggregate principal amount of
the Securities, plus accrued and unpaid interest from November 26, 2013, if any, or from the most recent Interest Payment Date to which interest has been paid is duly provided for to, but excluding, the Special Mandatory Redemption Date (the
“Special Mandatory Redemption Price”) (subject to the right of Holders on any Regular Record Date for payment of interest that occurs prior to the date on which notice of special mandatory redemption is given to receive interest due on the
relevant Interest Payment Date). 
 The Company will cause a notice of special mandatory redemption to be delivered to the Trustee at its
Corporate Trust Office and the Holders at their registered addresses, or, if any Securities are held in individual certificated form, mailed to the Holders of such Securities at their registered addresses no later than the second Business Day
following the Trigger Date, which shall provide for the redemption of the Notes on the fifth Business Day (the “Special 

  
 A-4 

 
Mandatory Redemption Date”) following the date of such notice. If funds sufficient to pay the Special Mandatory Redemption Price of all the Securities to be redeemed on the Special Mandatory
Redemption Date are deposited with the Trustee or the Paying Agent on or before such Special Mandatory Redemption Date, and any other conditions set forth in Section 1003 of the Indenture are satisfied, on and after such Special Mandatory
Redemption Date, the Securities will cease to bear interest and all rights under the Securities shall terminate. 
 The Company shall not be
required to make any other mandatory redemption or any sinking fund payments with respect to the Securities. 
  

	3.	OPTIONAL REDEMPTION 

 The Securities of this series are redeemable at the option of the
Company only in accordance with the following provision: 
 (A) The Securities of this series are subject to redemption upon not less than 30
nor more than 60 days’ notice by mail, at any time, in whole or in part, at the election of the Company at a redemption price equal to: the greater of (a) 100% of the principal amount of the Securities and (b) as determined by the
Independent Investment Banker (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the Securities (not including any portion of the payment of interest accrued as of the date of
redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Adjusted Treasury Rate, plus 45 basis points; provided, that if the Company redeems any
Securities on or after August 15, 2043 (six months prior to the Stated Maturity of the Securities), the redemption price for those Securities will equal 100% of the principal amount of the Securities to be redeemed. 

“Adjusted Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having an actual or interpolated maturity comparable to the remaining term of the Securities that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt of comparable
maturity to the remaining term of such Securities. 
 “Comparable Treasury Price” means, with respect to any
redemption date, the average of the Reference Treasury Dealer Quotations for the redemption date. 
 “Independent Investment
Banker” means one of the Reference Treasury Dealers selected by the Company. 
 “Reference Treasury Dealer” means
(1) each of J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC (or their respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of
the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute for it another Primary Treasury Dealer, and (2) any other Primary Treasury Dealer
selected by the Trustee after consultation with the Company. 

  
 A-5 

 “Reference Treasury Dealer Quotation” means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted by the
Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding that redemption date. 
 In the event of redemption of this
Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

Installments of accrued and unpaid interest whose Stated Maturity is on or prior to the redemption date will be payable to the Holders of the
Securities of this series, or one or more Predecessor Securities, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provision of the Indenture. 

 

	4.	OFFER TO PURCHASE 

 If a Change of Control occurs, unless the Company has exercised its
right to redeem all of the Securities, then the Company shall offer to repurchase from each Holder all or any part (equal to U.S.$1,000 or an integral multiple thereof) of such Holder’s Securities at a purchase price in cash equal to 101% of
the principal amount thereof, plus accrued and unpaid interest, if any, to but excluding the date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment
Date) as provided in, and subject to the terms of, the Indenture. 
  

	5.	SATISFACTION, DISCHARGE AND DEFEASANCE 

 The Indenture contains provisions for
satisfaction, discharge and defeasance of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein. 

 

	6.	DEFAULTS AND REMEDIES 

 The Events of Default relating to the Securities of this series
are set forth in the Indenture. If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal, premium, if any, accrued but unpaid interest and any other monetary obligations of the Securities
of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 If any Event of Default
occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then Outstanding Securities of this series by written notice to the Company (and to the Trustee if given by Holders) may declare the principal of,
premium, if any, accrued but unpaid interest and any other monetary obligations on all the then Outstanding Securities of this series to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising from
certain events of bankruptcy or insolvency, all Outstanding Securities of this series will automatically become due and payable immediately without further action or notice on part of the Trustee or any Holder. 

  
 A-6 

 Upon payment of the amount of principal so declared due and payable, of premium, if any, and of
overdue interest (to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of, premium, if any, and interest, if any, on the Securities of this
series shall terminate. 
  

	7.	AMENDMENTS AND WAIVERS 

 The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the Company, any Subsidiary Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company,
any Subsidiary Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. In addition, without the consent of any Holders, the Company, when
authorized by a board resolution, the Subsidiary Guarantors and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture, in form satisfactory to the Trustee, to effect certain amendments to
the Indenture, the Securities or the Subsidiary Guarantees. Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of this series (including, without limitation, consents obtained in connection with a
purchase of, or tender offer or exchange offer for, such series of Securities) may, on behalf of the Holders of all the Securities of this series, waive compliance with any term, provision, covenant or condition of the Indenture, any Subsidiary
Guarantee or the Securities of this series. Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of this series (including, without limitation, by consent obtained in connection with a purchase of, or
tender offer or exchange offer for, such series of Securities) may, on behalf of the Holders of all the Securities of this series, waive past defaults under certain covenants of the Indenture which relate to this series. However, a default in the
payment of the principal of, premium, if any, or interest on, any of the Securities of this series or relating to a provision which under the Indenture cannot be modified or amended without the consent of the Holders of each Outstanding Security of
this series affected cannot be so waived. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 A-7 

	8.	DENOMINATIONS, TRANSFER AND EXCHANGE 

 As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of
(and premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$2,000 and any integral of
U.S.$1,000. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of any authorized denomination, as requested
by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company
or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  

	9.	TRUSTEE DEALINGS WITH THE COMPANY 

 Subject to certain limitations set forth in the
Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Company with the same rights it would have if it were not Trustee. 

 

	10.	AUTHENTICATION 

 This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Security. 
  

	11.	PERSONS DEEMED OWNERS 

 The Company, any Subsidiary Guarantor, the Trustee and any agent
of the Company, any Subsidiary Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes. 
  

	12.	CUSIP AND ISIN NUMBERS 

 The Company has caused CUSIP or ISIN numbers, if applicable, to
be printed on the Securities and has directed the Trustee to use CUSIP or ISIN numbers, if applicable, in notices of optional or special mandatory redemption as a convenience to Holders. No representation is made as to the correctness of such
numbers either as printed on the Securities or as contained in any notice and reliance may be placed only on the other identification numbers placed thereon and any such notice shall not be affected by any defect in or omission of such numbers. 

  
 A-8 

	13.	NO RECOURSE AGAINST OTHERS 

 No recourse under or upon any obligation, covenant or
agreement contained in this Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or future shareholder, officer or director, as such, of the Company, any Subsidiary
Guarantor or of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement or any assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and released by the acceptance of the Securities of this series by the Holders as part of the consideration for the issue of the Securities of this series. 

 

	14.	GOVERNING LAW 

 THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. THE COMPANY AND EACH SUBSIDIARY GUARANTOR AGREES TO SUBMIT TO THE NONEXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN ANY SUIT, ACTION OR PROCEEDING
ARISING OUT OF OR BASED UPON THE SECURITIES OF THIS SERIES. 
 The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture. Requests may be made to the Company at the following address: 
 Domtar Corporation 

395 de Maisonneuve Blvd. West 

Montreal, Quebec H3A 1L6 
 Fax No.:
(514) 848-6850 
 Attention: Corporate Secretary 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Security to:	  	 
		  	(Insert assignee’s legal name)
	 
	(Insert assignee’s soc. sec. or tax I.D. no.)
	 
	 
	 
	 
	(Print or type assignee’s name, address and zip code)
	and irrevocably appoint
                                         
                                         
                                         
                                         
            
	to transfer this Security on the books of the Company. The agent may substitute another to act for him.

 Date:
                         
  

			
	Your Signature:	 	 
		 	(Sign exactly as your name appears on the face of this Security)

 Signature Guarantee*:
                                         
                
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1201 of the Indenture, check the following box:
[    ] 
 If you want to elect to have only part of this Security purchased by the Company pursuant to Section 1201
of the Indenture, state the amount you elect to have purchased: 

U.S.$                     

Date:                      

Your Signature:
                                         
    
 (Sign exactly as your name appears on the face of this Security) 

Tax Identification No.:
                                         
        
 Signature Guarantee*:
                                         
                        
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-11 

 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF INCREASES AND DECREASES IN GLOBAL SECURITY 

The following increases and decreases in this Global Security have been made: 

 

									
	 Date of
 Decrease or

Increase
	  	Amount of decrease in Principal
Amount of this Global Security	  	Amount of increase in Principal
Amount of this Global Security	  	Principal Amount of this Global
Security following such
decrease or increase	  	Signature of authorized
signatory of Trustee or
Securities Custodian

  
 A-12

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