Document:

EX-4.1

 Exhibit 4.1 
 EXECUTION VERSION 
 VANTAGE DRILLING COMPANY 

and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
 INDENTURE 

Dated as of July 16, 2013 

 TABLE OF CONTENTS 

 

							
	ARTICLE ONE	  
	 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 SECTION 1.01
	 	 Definitions.
	  	 	1	  
	 SECTION 1.02
	 	 Other Definitions.
	  	 	7	  
	 SECTION 1.03
	 	 Incorporation by Reference of Trust Indenture Act.
	  	 	7	  
	 SECTION 1.04
	 	 Rules of Construction.
	  	 	7	  
	
	ARTICLE TWO	  
	 THE SECURITIES
	  	 	8	  
			
	 SECTION 2.01
	 	 Issuable in Series.
	  	 	8	  
	 SECTION 2.02
	 	 Establishment of Terms of Series of Securities.
	  	 	9	  
	 SECTION 2.03
	 	 Execution and Authentication.
	  	 	12	  
	 SECTION 2.04
	 	 Registrar and Paying Agent.
	  	 	13	  
	 SECTION 2.05
	 	 Paying Agent to Hold Assets in Trust.
	  	 	14	  
	 SECTION 2.06
	 	 Holder Lists.
	  	 	14	  
	 SECTION 2.07
	 	 Transfer and Exchange.
	  	 	15	  
	 SECTION 2.08
	 	 Replacement Securities.
	  	 	15	  
	 SECTION 2.09
	 	 Outstanding Securities.
	  	 	16	  
	 SECTION 2.10
	 	 Treasury Securities.
	  	 	17	  
	 SECTION 2.11
	 	 Temporary Securities.
	  	 	17	  
	 SECTION 2.12
	 	 Cancellation.
	  	 	17	  
	 SECTION 2.13
	 	 Defaulted Interest.
	  	 	17	  
	 SECTION 2.14
	 	 Global Securities.
	  	 	18	  
	 SECTION 2.15
	 	 CUSIP and ISIN Numbers.
	  	 	19	  
	
	ARTICLE THREE	  
	 REDEMPTION
	  	 	19	  
			
	 SECTION 3.01
	 	 Notices to Trustee.
	  	 	19	  
	 SECTION 3.02
	 	 Selection of Securities to be Redeemed.
	  	 	20	  
	 SECTION 3.03
	 	 Notice of Redemption.
	  	 	20	  
	 SECTION 3.04
	 	 Effect of Notice of Redemption.
	  	 	22	  
	 SECTION 3.05
	 	 Deposit of Redemption Price.
	  	 	22	  
	 SECTION 3.06
	 	 Securities Redeemed in Part.
	  	 	22	  
	
	ARTICLE FOUR	  
	 COVENANTS
	  	 	22	  
			
	 SECTION 4.01
	 	 Payment of Principal and Interest.
	  	 	22	  
	 SECTION 4.02
	 	 Maintenance of Office or Agency.
	  	 	23	  
	 SECTION 4.03
	 	 Corporate Existence.
	  	 	23	  
	 SECTION 4.04
	 	 Compliance Certificate.
	  	 	23	  
	 SECTION 4.05
	 	 Waiver of Stay, Extension or Usury Laws.
	  	 	24	  
	 SECTION 4.06
	 	 SEC Reports.
	  	 	24	  
	 SECTION 4.07
	 	 Additional Amounts.
	  	 	25	  
	 SECTION 4.08
	 	 Calculation of Original Issue Discount.
	  	 	25	  

  
 i 

							
	ARTICLE FIVE	  
	 SUCCESSOR CORPORATION
	  	 	25	  
			
	 SECTION 5.01
	 	 Merger, Consolidation, or Sale of Assets.
	  	 	25	  
	
	ARTICLE SIX	  
	 DEFAULT AND REMEDIES
	  	 	26	  
			
	 SECTION 6.01
	 	 Events of Default.
	  	 	26	  
	 SECTION 6.02
	 	 Acceleration.
	  	 	28	  
	 SECTION 6.03
	 	 Other Remedies.
	  	 	28	  
	 SECTION 6.04
	 	 Waiver of Past Defaults.
	  	 	29	  
	 SECTION 6.05
	 	 Control by Majority.
	  	 	29	  
	 SECTION 6.06
	 	 Limitation on Suits.
	  	 	29	  
	 SECTION 6.07
	 	 Rights of Holders to Receive Payment.
	  	 	30	  
	 SECTION 6.08
	 	 Collection Suit by Trustee.
	  	 	30	  
	 SECTION 6.09
	 	 Trustee May File Proofs of Claim.
	  	 	30	  
	 SECTION 6.10
	 	 Priorities.
	  	 	31	  
	 SECTION 6.11
	 	 Undertaking for Costs.
	  	 	31	  
	
	ARTICLE SEVEN	  
	 TRUSTEE
	  	 	31	  
			
	 SECTION 7.01
	 	 Duties of Trustee.
	  	 	31	  
	 SECTION 7.02
	 	 Rights of Trustee.
	  	 	33	  
	 SECTION 7.03
	 	 Individual Rights of Trustee.
	  	 	34	  
	 SECTION 7.04
	 	 Trustee’s Disclaimer.
	  	 	34	  
	 SECTION 7.05
	 	 Notice of Default.
	  	 	34	  
	 SECTION 7.06
	 	 Reports by Trustee to Holders.
	  	 	34	  
	 SECTION 7.07
	 	 Compensation and Indemnity.
	  	 	35	  
	 SECTION 7.08
	 	 Replacement of Trustee.
	  	 	35	  
	 SECTION 7.09
	 	 Successor Trustee by Merger, Etc.
	  	 	36	  
	 SECTION 7.10
	 	 Eligibility; Disqualification.
	  	 	37	  
	 SECTION 7.11
	 	 Preferential Collection of Claims Against the Company.
	  	 	37	  
	
	ARTICLE EIGHT	  
	 DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	37	  
			
	 SECTION 8.01
	 	 Termination of the Company’s Obligations.
	  	 	37	  
	 SECTION 8.02
	 	 Legal Defeasance and Covenant Defeasance.
	  	 	38	  
	 SECTION 8.03
	 	 Conditions to Legal Defeasance or Covenant Defeasance.
	  	 	39	  
	 SECTION 8.04
	 	 Application of Trust Money.
	  	 	41	  
	 SECTION 8.05
	 	 Repayment to the Company.
	  	 	41	  
	 SECTION 8.06
	 	 Reinstatement.
	  	 	42	  

  
 ii 

							
	ARTICLE NINE	  
	 AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  	 	42	  
			
	 SECTION 9.01
	 	 Without Consent of Holders.
	  	 	42	  
	 SECTION 9.02
	 	 With Consent of Holders.
	  	 	43	  
	 SECTION 9.03
	 	 Compliance with the Trust Indenture Act.
	  	 	44	  
	 SECTION 9.04
	 	 Revocation and Effect of Consents.
	  	 	44	  
	 SECTION 9.05
	 	 Notation on or Exchange of Securities.
	  	 	45	  
	 SECTION 9.06
	 	 Trustee To Sign Amendments, Etc.
	  	 	45	  
	 SECTION 9.07
	 	 Trustee Protected.
	  	 	46	  
	
	ARTICLE TEN	  
	 MISCELLANEOUS
	  	 	46	  
			
	 SECTION 10.01
	 	 Trust Indenture Act Controls.
	  	 	46	  
	 SECTION 10.02
	 	 Notices.
	  	 	46	  
	 SECTION 10.03
	 	 Communications by Holders with Other Holders.
	  	 	47	  
	 SECTION 10.04
	 	 Certificate and Opinion as to Conditions Precedent.
	  	 	48	  
	 SECTION 10.05
	 	 Statements Required in Certificate or Opinion.
	  	 	48	  
	 SECTION 10.06
	 	 Rules by Trustee and Agents.
	  	 	48	  
	 SECTION 10.07
	 	 Legal Holidays.
	  	 	48	  
	 SECTION 10.08
	 	 Governing Laws.
	  	 	49	  
	 SECTION 10.09
	 	 No Adverse Interpretation of Other Agreements.
	  	 	50	  
	 SECTION 10.10
	 	 No Recourse Against Others.
	  	 	50	  
	 SECTION 10.11
	 	 Successors.
	  	 	50	  
	 SECTION 10.12
	 	 Duplicate Originals.
	  	 	50	  
	 SECTION 10.13
	 	 Severability.
	  	 	50	  
	 SECTION 10.14
	 	 Securities in a Foreign Currency.
	  	 	50	  
	 SECTION 10.15
	 	 Judgment Currency.
	  	 	51	  
	
	ARTICLE ELEVEN	  
	 SINKING FUNDS
	  	 	52	  
			
	 SECTION 11.01
	 	 Applicability of Article.
	  	 	52	  
	 SECTION 11.02
	 	 Satisfaction of Sinking Fund Payments with Securities.
	  	 	52	  
	 SECTION 11.03
	 	 Redemption of Securities for Sinking Fund.
	  	 	53	  

  
 iii

 CROSS-REFERENCE TABLE 

 

					
	 Trust Indenture Act Section
	 	  	  	 Indenture Section

			
	§ 310(a)(1)	 		  	7.10
	(a)(2)	 		  	7.10
	(a)(3)	 		  	Not Applicable
	(a)(4)	 		  	Not Applicable
	(a)(5)	 		  	7.10
	(b)	 		  	7.10
	(c)	 		  	Not Applicable
	§ 311(a)	 		  	7.11
	(b)	 		  	7.11
	(c)	 		  	Not Applicable
	§ 312(a)	 		  	2.06
	(b)	 		  	10.03
	(c)	 		  	10.03
	§ 313(a)	 		  	7.06
	(b)	 		  	7.06
	(c)	 		  	7.06
	(d)	 		  	7.06
	§ 314(a)	 		  	4.04, 4.06; 10.05
	(b)	 		  	Not Applicable
	(c)(1)	 		  	10.04
	(c)(2)	 		  	10.04
	(c)(3)	 		  	Not Applicable
	(d)	 		  	Not Applicable
	(e)	 		  	10.05
	(f)	 		  	Not Applicable
	§ 315(a)	 		  	7.01
	(b)	 		  	7.05
	(c)	 		  	7.01
	(d)	 		  	7.01
	(e)	 		  	6.11
	§316(a)(1)(A)	 		  	6.05
	(a)(1)(B)	 		  	6.04
	(a)(2)	 		  	Not Applicable
	(a)(last sentence)	 		  	2.10
	(b)	 		  	6.07
	(c)	 		  	9.04
	§317(a)(1)	 		  	6.08
	(a)(2)	 		  	6.09
	(b)	 		  	2.05
	§318(a)	 		  	10.01

 Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of this Indenture. 

  
 iv 

 INDENTURE dated as of July 16, 2013 between Vantage Drilling Company, a Cayman Islands
exempted company (the “Company”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 
 THIS INDENTURE WITNESSETH 
 Each party agrees as follows for the benefit of the other party and
for the equal and ratable benefit of the Holders of the Securities issued under this Indenture: 
 ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 
  

	 	SECTION 1.01	Definitions. 

 Set forth
below are certain defined terms used in this Indenture. 
 “Additional Amounts” means any additional amounts
which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

“Affiliate” of any Person means any other Person which directly or indirectly controls or is controlled by, or is under
direct or indirect common control with, the referenced Person. For purposes of this definition, “control” of a Person shall mean the power to direct the management and policies of such Person, directly or indirectly, whether through the
ownership of voting securities, by contract or otherwise, and “controlling,” “controlled by,” and “under common control” shall have correlative meanings. 

“Agent” means any Registrar, Paying Agent or Service Agent. 

“amend” means to amend, supplement, restate, amend and restate or otherwise modify; and “amendment” shall have
a correlative meaning. 
 “asset” means any asset or property. 

“Authorized Newspaper” means a newspaper in an official language of the country of publication customarily published at
least once a day for at least five (5) days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice
required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any similar federal or state law for the
relief of debtors. 
 “Bearer Security” means any Security, including any interest coupon appertaining thereto,
that does not provide for the identification of the Holder thereof. 

  
 1 

 “Board of Directors” shall mean, with respect to any Person, (i) in
the case of any corporation, the board of directors of such Person, (ii) in the case of any limited liability company, the board of managers of such Person, (iii) in the case of any partnership, the Board of Directors of the general
partner of such Person, and (iv) in any other case, the functional equivalent of the foregoing. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board of Directors of the Company or pursuant to authorization by the Board of Directors of the Company
and to be in full force and effect on the date of the certificate and delivered to the Trustee. 
 “Business
Day” means, unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate for a particular Series of Securities, any day other than a Saturday, Sunday or other day on which commercial
banks in The City of New York, New York are authorized or required by law to close or be closed. 
 “Company”
means the party named as such above until a successor replaces it and thereafter means the successor. 
 “Company
Order” means a written order signed in the name of the Company by an Officer, who must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Corporate Trust Office” means the corporate trust office of the Trustee specified in Section 10.02
(“Notices”) hereof, or such other office, designated by the Trustee by written notice to the Company, at which at any particular time its corporate trust business shall be administered. 

“coupon” means any interest coupon appertaining to a Bearer Security. 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Default” means (1) any Event of Default or (2) any event, act or condition that, after notice or the passage
of time or both, would be an Event of Default. 
 “Depositary” means, with respect to the Securities of any
Series issuable or issued in whole or in part in the form of one or more Global Securities, the Person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act, and if at
any time there is more than one such Person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be
due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

“Dollars” and “$” means the currency of The United States of America. 

  
 2 

 “Equity Interests” of any Person means (1) any and all shares or other
equity interests (including common stock, preferred stock, limited liability company interests and partnership interests) in such Person and (2) all rights to purchase, warrants or options (whether or not currently exercisable), participations
or other equivalents of or interests in (however designated) such shares or other interests in such Person. 
 “Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” means, with
respect to any asset, the price (after taking into account any liabilities relating to such assets) that would be negotiated in an arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of which is
under any compulsion to complete the transaction, as such price is determined in good faith by the Board of Directors of the Company or a duly authorized committee thereof, as evidenced by a resolution of such Board of Directors or committee.

 “Foreign Currency” means any currency or currency unit or composite currency, issued by a government other
than the government of The United States of America. 
 “GAAP” means generally accepted accounting principles
set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by
such other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect from time to time. 
 “Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.02 evidencing all or part
of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 
 “guarantee” means a direct or indirect guarantee by any Person of any Indebtedness of any other Person and includes any obligation, direct or indirect, contingent or otherwise, of such
Person: (1) to purchase or pay (or advance or supply funds for the purchase or payment of) Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods,
securities or services (unless such purchase arrangements are on arm’s-length terms and are entered into in the ordinary course of business), to take-or-pay, or to maintain financial statement conditions or otherwise); or (2) entered into
for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part), and “guarantee,” when used as a verb, and
“guaranteed” have correlative meanings. 
 “Holder” means a Person in whose name a Security is
registered or the holder of a Bearer Security (including a coupon). 
 “incur” means, with respect to any
Indebtedness or Obligation, incur, create, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to such Indebtedness or Obligation. 

“Indebtedness” of any Person at any date means, without duplication: 

(1) all liabilities, contingent or otherwise, of such Person for borrowed money (whether or not the recourse of the lender is to the
whole of the assets of such Person or only to a portion thereof); 

  
 3 

 (2) all obligations of such Person evidenced by bonds, debentures, notes or other similar
instruments; 
 (3) all reimbursement obligations of such Person in respect of letters of credit, letters of guaranty,
bankers’ acceptances and similar credit transactions; 
 (4) all obligations of such Person to pay the deferred and unpaid
purchase price of property or services, except (i) trade payables and accrued expenses incurred by such Person in the ordinary course of business in connection with obtaining goods, materials or services and (ii) customary adjustments of
purchase price, contingent payments, earnout payments or similar obligations of such Person arising under any of the documents pertaining to any acquisition of any Person or assets or Equity Interests of any Person or any sale, transfer or other
disposition of assets to any Person; 
 (5) all Indebtedness of others secured by a Lien on any asset of such Person, whether or
not such Indebtedness is assumed by such Person; 
 (6) all Indebtedness of others guaranteed by such Person to the extent of
such guarantee; provided, however, that Indebtedness of the Company or its Subsidiaries that is guaranteed by the Company or the Company’s Subsidiaries shall only be counted once in the calculation of the amount of Indebtedness of the
Company and its Subsidiaries on a consolidated basis; and 
 (7) all obligations of such Person under conditional sale or other
title retention agreements relating to assets purchased by such Person. 
 The amount of any Indebtedness which is incurred at a
discount to the principal amount at maturity thereof as of any date shall be deemed to have been incurred at the accreted value thereof as of such date. The amount of Indebtedness of any Person at any date shall be the outstanding balance at such
date of all unconditional obligations as described above, the maximum liability of such Person for any such contingent obligations at such date and, in the case of clause (6), the lesser of (a) the Fair Market Value of any asset subject to a
Lien securing the Indebtedness of others on the date that the Lien attaches and (b) the amount of the Indebtedness secured. 
 “Indenture” means this Indenture, as amended, supplemented or otherwise modified from time to time in accordance with the terms hereof, and shall include the form and terms of particular
Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security
which by its terms bears interest only after a Maturity Date, means interest payable after such Maturity Date, and, when used with respect to a Security that provides for the payment of Additional Amounts, includes such Additional Amounts.

  
 4 

 “Lien” means, with respect to any asset, any mortgage, deed of trust, lien
(statutory or other), pledge, lease, easement, restriction, charge, security interest or other encumbrance of any kind or nature in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, and any lease in the nature thereof. 
 “Maturity Date,”
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity
or by declaration of acceleration, call for redemption, notice of option to elect repayment or otherwise. 

“Obligation” means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses, damages
and other liabilities payable under the documentation governing any Indebtedness. 
 “Officer” means any of the
following of the Company: the chairman of the board of directors, the chief executive officer, the president, any vice president, the chief financial officer, the treasurer, any assistant treasurer, the secretary or any assistant secretary.

 “Officers’ Certificate” means a certificate signed by two Officers (on behalf of the Company in their
representative capacities, and not in their individual capacities). 
 “Opinion of Counsel” means a written
opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may (but need not) be an employee of, or counsel to, the Company or the Trustee. 
 “Person” means any individual, corporation, partnership, limited liability company, joint venture, incorporated or unincorporated association, joint-stock company, trust, unincorporated
organization or government or other agency or political subdivision thereof or other entity of any kind. 
 “Plan of
Liquidation,” with respect to any Person, means a plan that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously, in phases or otherwise): (1) the sale,
lease, conveyance or other disposition of all or substantially all of the assets of such Person otherwise than as an entirety or substantially as an entirety; and (2) the distribution of all or substantially all of the proceeds of such sale,
lease, conveyance or other disposition of all or substantially all of the remaining assets of such Person to holders of Equity Interests of such Person. 
 “principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on the Security. 

“redeem” means to redeem, repurchase, purchase, defease, retire, discharge or otherwise acquire or retire for value, and
“redemption” has a correlative meaning. 
 “Register” has the meaning set forth in Section 2.04.

 “Registered Security” means a Security that is registered on the Register. 

  
 5 

 “Responsible Officer” means, when used with respect to the Trustee, any
officer in the Corporate Trust Office or equivalent office, group or department of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject and shall also mean
any officer of the Trustee who shall have direct responsibility for the administration of this Indenture. 

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

“Securities” means the debentures, notes or other debt instruments of the Company of any Series (including coupons, if
any, appurtenant thereto) authenticated and delivered under this Indenture. 
 “Securities Act” means the U.S.
Securities Act of 1933, as amended. 
 “Series” or “Series of Securities” means each series of
debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof. 
 “Stated
Maturity” means, with respect to any installment of interest or principal on any Indebtedness, the date specified in such Security or a coupon representing such installment on which such payment of interest or principal is scheduled to be
paid in the documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary” means, with respect to any Person: 

(1) any corporation, limited liability company, association or other business entity of which more than 50% of the total voting power of
the Equity Interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Board of Directors thereof are at the time owned or controlled, directly or indirectly, by such Person or one or more of the other
Subsidiaries of that Person (or a combination thereof); and 
 (2) any partnership (a) the sole general partner or the
managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or of one or more Subsidiaries of such Person (or any combination thereof). 

Unless otherwise specified, “Subsidiary” refers to a Subsidiary of the Company. 

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

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor
Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

  
 6 

 “U.S. Government Obligations” means direct, non-callable obligations of, or
obligations guaranteed by, the United States of America, and the payment for which the United States pledges its full faith and credit. 
  

	 	SECTION 1.02	Other Definitions. 

  

			
	 TERM
	  	 DEFINED IN SECTION

		
	“Covenant Defeasance”	  	8.02
	“Event of Default”	  	6.01
	“Journal”	  	10.14
	“Judgment Currency”	  	10.15
	“Legal Defeasance”	  	8.02
	“mandatory sinking fund payment”	  	11.01
	“Market Exchange Rate”	  	10.14
	“New York Banking Day”	  	10.15
	“optional sinking fund payment”	  	11.01
	“Paying Agent”	  	2.04
	“Registrar”	  	2.04
	“Required Currency”	  	10.15
	“Service Agent”	  	2.04
	“Successor”	  	5.01

  

	 	SECTION 1.03	Incorporation by Reference of Trust Indenture Act. 

 Whenever this Indenture refers to a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part of, this Indenture. The following Trust Indenture Act terms used
in this Indenture have the following meanings: 
 “indenture securities” means the Securities. 

“indenture security holder” means a Holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture
trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means
the Company and any other obligor on the Securities. 
 All other Trust Indenture Act terms used in this Indenture that are
defined by the Trust Indenture Act, defined by Trust Indenture Act reference to another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 

 

	 	SECTION 1.04	Rules of Construction. 

Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it; 

  
 7 

 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (3) references to “generally accepted accounting principles” and “GAAP” shall mean generally
accepted accounting principles or GAAP in effect as of the time and for the period as to which such accounting principles are to be applied; 
 (4) “or” is not exclusive; 
 (5) words in the singular include the
plural, and words in the plural include the singular; 
 (6) all references in this Indenture to “Articles,”
“Sections” and other subdivisions are to the designated Articles, Sections and provisions of this Indenture, unless otherwise indicated; 
 (7) provisions apply to successive events and transactions; 
 (8)
“herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 

(9) the words “including,” “includes” and similar words shall not be limiting and shall be deemed to be followed by
“without limitation.” 
 ARTICLE TWO 
 THE SECURITIES 
  

	 	SECTION 2.01	Issuable in Series. 

 The
aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series and the coupons appertaining to any Bearer Securities
of such Series shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the authority granted under a Board Resolution. In
the case of Securities of a Series to be issued from time to time, the Board Resolution, supplemental indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may
provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all
Series of Securities shall be equally and ratably entitled to the benefits of this Indenture. 
 Unless otherwise provided in
the Board Resolution, supplemental indenture or Officers’ Certificate creating a Series of Bearer Securities, Bearer securities shall have coupons attached. 

  
 8 

	 	SECTION 2.02	Establishment of Terms of Series of Securities. 

 At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Section 2.02(a), and either as to such Securities within
the Series or as to the Series generally in the case of Section 2.02(a) through 2.02(dd)) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution, a supplemental indenture hereto or an
Officers’ Certificate pursuant to authority granted under a Board Resolution: 
 (a) the title of the Series (which shall
distinguish the Securities of that particular Series from the Securities of any other Series); 
 (b) the price or prices
(expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued; 
 (c) any
limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in
lieu of, other Securities of the Series pursuant to Section 2.07, 2.08, 2.11, 3.06 or 9.05); 
 (d) the date or dates on
which the principal of the Securities of the Series is payable; 
 (e) the Person to whom any interest on any Registered
Security of the Series shall be payable, if other than the Person in whose name that Security is registered at the close of business on the regular record date for such interest, the manner in which, or the Person to whom, any interest on any Bearer
Security of the Series shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary Global
Security on an interest payment date will be paid; 
 (f) the rate or rates (which may be fixed or variable) per annum or, if
applicable, the method used to determine such rate or rates (including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates
from which such interest, if any, shall accrue, the date or dates on which such interest, if any, shall commence and be payable, any regular record date for the interest payable on any interest payment date, and the right, if any, of the Company to
extend the interest payment periods and the duration of any such extension; 
 (g) the place or places where the principal of
and interest, if any, on the Securities of the Series shall be payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities
of such Series and this Indenture may be served, and the method of such payment, if by wire transfer, mail or other means; 

(h) if applicable, the period or periods within which, the price or prices at which and the other detailed terms and conditions upon
which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  
 9 

 (i) the obligations, if any, of the Company to redeem or purchase the Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the date or dates on which or period or periods within which, the price or prices at which and the other detailed terms and provisions upon which
Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligations; 
 (j) if other than
denominations of $2,000 and integral multiples of $1,000 in excess thereof, the denominations in which the Securities of the Series shall be issuable; 
 (k) the forms of the Securities of the Series in bearer or fully registered form (and, if in fully registered form, whether the Securities will be issuable as Global Securities); 

(l) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon acceleration or declaration of acceleration of the maturity thereof pursuant to Section 6.02; 
 (m) the currency of
denomination of the Securities of the Series, which may be in Dollars or any Foreign Currency; 
 (n) the designation of the
currency, currencies or currency units in which payment of the principal (and premium, if any) or interest or Additional Amounts, if any, on the Securities of the Series will be made; 

(o) if payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency
units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 
 (p) the terms, if any, of subordination of the Securities of the Series; 
 (q) the
terms, if any, of any guarantee of the Securities of the Series by any of the Company’s Subsidiaries, whether any such guarantee shall be made on a senior or subordinated basis and, if applicable, the terms of subordination of any such
guarantee; 
 (r) any provisions relating to any security provided for the Securities of the Series or any guarantees by any of
the Company’s Subsidiaries (including any security to be provided by any such Subsidiary guarantor); 
 (s) any addition to
or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to
Section 6.02; 
 (t) any addition to or change in the covenants set forth in Articles Four or Five that applies to
Securities of the Series; 
 (u) whether Securities of the Series are to be issuable as Registered Securities, Bearer Securities
(with or without coupons) or both; any restrictions applicable to the offer, sale or delivery of Bearer Securities and the terms upon which Bearer Securities of the Series may be 

  
 10 

 
exchanged for Registered Securities of the Series and vice versa (if permitted by applicable laws and regulations); whether any Securities of the Series are to be issuable initially in temporary
global form and whether any Securities of the Series are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent Global Security may exchange such interests for
Securities of such Series and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur; and, if Registered Securities of the Series are to be issuable as a Global Security, the identity of
the depositary for such series; 
 (v) the date as of which any Bearer Securities of the Series and any temporary Global
Security representing outstanding Securities of the Series shall be dated if other than the date of original issuance of the first Security of the Series to be issued; 
 (w) the provisions, if any, relating to conversion of any Securities of such Series into Equity Interests, including if applicable, the conversion price, the conversion period, provisions as to whether
conversion will be mandatory, at the option of the Holders thereof or at the option of the Company, the events requiring an adjustment of the conversion price and provisions affecting conversion if such Series of Securities are redeemed; 

(x) any conversion or exchange features of the Securities of such Series; 

(y) any addition to or change in the provisions relating to satisfaction and discharge of Obligations under this Indenture with respect
to the Securities of such Series, or in the provisions relating to legal defeasance or covenant defeasance under this Indenture with respect to the Securities of such Series; 
 (z) any addition to or change in the provisions relating to modification of this Indenture both with and without the consent of Holders of the Securities of such Series; 

(aa) any other terms or provisions of the Securities of the Series (which may amend, supplement, modify or delete any provision of this
Indenture insofar as it applies to such Series); 
 (bb) any registrars, paying agents, service agents, depositories, interest
rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein; 
 (cc) whether and under what circumstances the Company will pay Additional Amounts to any Holder who is not a United States person (including any modification to the definition of such term) in respect of
any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); and 

(dd) any other terms of the Series. 
 All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board
Resolution, supplemental indenture or Officers’ Certificate referred to above. The authorized principal amount of any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in
such Board Resolution, supplemental indenture or Officers’ Certificate. 

  
 11 

 If any of the terms of the Securities of any Series are established by action taken pursuant
to one or more Board Resolutions, a copy of an appropriate record of such action(s) shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or before the delivery of the Officers’ Certificate
setting forth the terms of the Securities of such Series. 
 SECTION 2.03 Execution and Authentication. 

The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by an Officer (other than the secretary or
an assistant secretary), whose signatures thereon may be manual or facsimile signatures. 
 If an Officer whose signature is on
a Security or coupon was an Officer at the time of such execution but no longer holds that office at the time the Security or coupon is authenticated, the Security or coupon shall nevertheless be valid. 

A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall
be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any time, and from
time to time, authenticate Securities for original issue in the principal amount provided in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may
authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its
authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. 
 In connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States. If any Security shall be represented by a permanent Global Bearer
Security, then, for purposes of this Section and Section 2.11, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary Global Security shall be deemed to be
delivery in connection with its original issuance of such beneficial owner’s interest in such permanent Global Security. Except as permitted by Section 2.08, the Trustee shall not authenticate and deliver any Bearer Security unless all
appurtenant coupons for interest then matured have been detached and cancelled. 
 The aggregate principal amount of Securities
of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture or Officers’ Certificate delivered pursuant to Section 2.02, except
as provided in Section 2.08. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.02) shall be fully protected in relying on: (i) the Board Resolution, 

  
 12 

 
supplemental indenture or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or
of Securities within that Series, (ii) an Officers’ Certificate complying with Section 10.05, and (iii) an Opinion of Counsel complying with Section 10.05. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Securities. Unless otherwise
provided in the appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such authenticating agent. An
authenticating agent has the same rights as an Agent to deal with the Company and Affiliates of the Company. The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability. 
 SECTION 2.04 Registrar and Paying Agent. 
 The Company shall maintain,
with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to Section 2.02, an office or agency in the United States where (a) Securities of such Series may be surrendered for
registration of transfer or exchange (“Registrar”), (b) Securities of such Series may be presented or surrendered for payment (“Paying Agent”) and (c) notices and demands to or upon the Company in respect
of the Securities of such Series and this Indenture may be served (“Service Agent”). The Company may act as Registrar or Paying Agent. The Registrar shall keep a register (the “Register” ) with respect to each
Series of Securities and to their transfer and exchange. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes
any additional service agent. The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the
time Securities of that Series are first issued. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company
shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more co-registrars, additional paying agents or additional service agents and may from time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant to Section 2.02 for Securities of any
Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar, additional paying agent or additional service agent.

  
 13 

 If Securities of a Series are issuable as Bearer Securities, the Company also will subject
to any laws or regulations applicable thereto, maintain a Paying Agent and Service Agent located outside the United States. Unless otherwise specified with respect to any Securities pursuant to Section 2.02, no payment of principal, premium or
interest on or Additional Amounts in respect of Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank
located in the United States; provided, however, that, if the Securities of a Series are payable in Dollars, payment of principal of and any premium and interest on any Bearer Security (including any Additional Amounts payable on Securities
of such Series pursuant to Section 4.07) shall be made at the office of the Paying Agent in the Borough of Manhattan, the City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium, interest or
Additional Amounts, as the case may be, at all offices or agencies outside the United States maintained for the purpose by the Company in accordance with this Indenture, is illegal or effectively precluded by exchange controls or other similar
restrictions. 
 The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture,
which agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee, in advance, of the name and address, and any change in the name of address, of any such Agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such. 
 SECTION 2.05 Paying Agent to Hold Assets in
Trust. 
 The Company shall require each Paying Agent other than the Trustee or the Company or any Subsidiary to agree in
writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Securities (whether such assets have been distributed to it by the
Company or any other obligor on the Securities), and shall notify the Trustee of any Default by the Company (or any other obligor on the Securities) in making any such payment. The Company at any time may require a Paying Agent to distribute all
assets held by it to the Trustee and account for any assets disbursed, and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by
it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets. If the
Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Securities all money held by it as Paying Agent. 

SECTION 2.06 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 the Holders of each Series of Securities and shall otherwise
comply with Trust Indenture Act § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten (10) days before each interest payment date with respect to any Series of Securities 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 the Holders of such Series of Securities, which list may be conclusively relied upon by the
Trustee. 

  
 14 

 SECTION 2.07 Transfer and Exchange. 

Subject to Section 2.14, where Securities of a Series are presented to the Registrar with a request to register a transfer or to
exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange as requested if its requirements for such transaction are met; provided, however, that the Securities
surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his or her attorney duly authorized in
writing. To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange
(except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar
governmental charge payable upon exchanges pursuant to Sections 2.11, 3.06 or 9.05). 
 If (but only if) permitted by the
applicable Board Resolution set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 2.02, at the option of the Holder, Bearer Securities of any Series may be
exchanged for Registered Securities of the same Series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured
coupons and all matured coupons in default thereto appertaining. 
 Without the prior written consent of the Company, the
Registrar shall not be required to register the transfer of or exchange Securities of any Series (i) during the period beginning at the opening of business fifteen (15) days before the mailing of a notice of redemption of Securities of
that Series selected for redemption and ending at the close of business on the day of such mailing, or (ii) selected, called or being called for redemption in whole or in part pursuant to Article Three, except the unredeemed portion of such
Securities, if any. 
 SECTION 2.08 Replacement Securities. 

If a mutilated Security or any Security with a mutilated coupon appertaining to it is surrendered to the Trustee or if the Holder of a
Security claims that the Security or any coupon has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate and deliver a replacement Security of the same Series 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 sufficient in the judgment of the Company and
the Trustee to protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Security or coupon is replaced. The Company and the Trustee may each charge such Holder for its reasonable out-of-pocket expenses in
replacing a Security pursuant to this Section 2.08, including reasonable fees and expenses of counsel and of the Trustee. 

  
 15 

 Every replacement Security of any Series with its coupons, if any, issued pursuant to this
Section in lieu of any lost, destroyed or wrongfully taken Security shall constitute an original additional contractual obligation of the Company, whether or not the lost, destroyed or wrongfully taken Security or coupon shall be at any time
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that Series and its coupons, if any, duly issued hereunder. 

In case any such mutilated, destroyed, lost or wrongfully taken Security or coupon has become or is about to become due and payable, the
Company in its discretion may, instead of issuing a new Security or coupon, pay such Security or coupon; provided, however, that payment of principal of (and premium, if any), any interest on and any Additional Amounts with respect to Bearer
Securities shall, except as otherwise provided in Section 2.04, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 2.02, any interest on Bearer Securities
shall be payable only upon presentation and surrender of the coupons appertaining thereto. 
 The provisions of this
Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of lost, destroyed or wrongfully taken Securities. 

SECTION 2.09 Outstanding Securities. 
 Subject to Section 2.10, the Securities outstanding at any time are all the Securities authenticated by the Trustee except those cancelled by it, those delivered to it for cancellation, those
reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. Subject to Section 2.10, a Security does not cease to be outstanding
because the Company or any of its Affiliates holds the Security. 
 If a Security is replaced pursuant to Section 2.08
(other than a mutilated Security surrendered for replacement), it ceases to be outstanding unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 

If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity Date of
Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue. 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the
date of such determination upon a declaration of acceleration of the Maturity Date thereof pursuant to Section 6.02. 
 If
the principal amount of any Security is considered paid under Section 4.01, it ceases to be outstanding and interest ceases to accrue. If on any redemption date or the Maturity Date the 

  
 16 

 
Trustee or Paying Agent (other than the Company or an Affiliate thereof) holds cash in Dollars or U.S. Government Obligations, or a combination thereof, in amounts sufficient to pay all of the
principal and interest due on the Securities payable on that date, then on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 
 SECTION 2.10 Treasury Securities. 
 In determining whether the Holders
of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver Securities of a Series owned by the Company or an Affiliate of the Company shall be disregarded,
except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that the Trustee knows are so owned shall be
so disregarded. 
 SECTION 2.11 Temporary Securities. 

Until definitive Securities of a Series are ready for delivery, the Company may prepare and the Trustee shall, upon receipt of a Company
Order, authenticate temporary Securities, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such
variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities of the same Series and Maturity Date in exchange for temporary
Securities; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer
Security only in compliance with the conditions set forth in Section 2.03. Until such exchange, temporary Securities shall be entitled to the same rights, benefits and privileges as definitive Securities of the same Series. 

SECTION 2.12 Cancellation. 
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or
payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent (other than the Company or a Subsidiary), and no one else, shall cancel and, at the written direction of the Company, shall dispose of all Securities
surrendered for transfer, exchange, payment or cancellation in accordance with its customary procedures. Certification of the destruction of all cancelled Securities shall be delivered to the Company upon request by the Company. Subject to
Section 2.08, the Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. If the Company or any of its Subsidiaries shall acquire any of the Securities, such acquisition shall
not operate as a redemption or satisfaction of the Indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.12. 

SECTION 2.13 Defaulted Interest. 
 If the Company defaults in a payment of interest on the Securities of any Series, it shall pay the defaulted interest, plus (to the extent lawful) any interest payable on the defaulted

  
 17 

 
interest, in any lawful manner. The Company may pay the defaulted interest to the Persons who are the Holders of the Securities of such Series on a subsequent special record date, which date
shall be the fifteenth (15th) day next preceding the date fixed by the Company for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least fifteen (15) days before any such
subsequent special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) shall send to each Holder, with a copy to the Trustee, a notice that states the subsequent special
record date, the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. 
 SECTION 2.14 Global Securities. 
 (a) Terms of Securities. A
Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global
Security or Securities. 
 (b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained in
Section 2.07 of this Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.07 of this Indenture for Securities registered in the names of Holders other than the Depositary for such Security or
its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act,
and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within ninety (90) days of such event, (ii) the Company executes and delivers to the Trustee an Officers’
Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is
exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate amount equal to the principal amount of the Global Security with like tenor and
terms. Except as provided in this Section 2.14(b), a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such
Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 
 (c) Legend. Any Global Security issued hereunder shall bear a legend in substantially the following form: 
 “This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary or a nominee of the Depositary. This Security is
exchangeable for Securities registered in the name of a Person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a whole by the Depositary to a nominee of the
Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.” 

  
 18 

 (d) Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise
authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture. 

(e) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.02, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 (f) Consents, Declaration and Directions. Except as provided in Section 2.09 (last sentence), the Company, the Trustee and any Agent shall treat a Person as the Holder of such principal amount
of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or
directions required to be given by the Holders pursuant to this Indenture. 
 SECTION 2.15 CUSIP and ISIN Numbers.

 The Company in issuing the Securities may use “CUSIP” or “ISIN” numbers, and if so, the Trustee shall use
the “CUSIP” or “ISIN” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness or accuracy of the
“CUSIP” or “ISIN” numbers printed in the notice or on the Securities, and that reliance may be placed only on the other identification numbers printed on the Securities. The Company will promptly notify the Trustee of any change
in the “CUSIP” or “ISIN” numbers. 
 ARTICLE THREE 

REDEMPTION 

SECTION 3.01 Notices to Trustee. 
 The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior
to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series
of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice of redemption to the Trustee at least
forty-five (45) days before the redemption date (unless a shorter notice shall be agreed to by the Trustee in writing), together with such documentation and records as shall enable the Trustee to select the Securities to be redeemed.

  
 19 

 SECTION 3.02 Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate, if less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed as follows: 
 (1) if such Securities are listed on a national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Securities are listed; or 

(2) if such Securities are not so listed, on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and
appropriate. 
 In the event of partial redemption, the Trustee shall make the selection from Securities of the Series
outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $2,000. Securities of the Series and portions of them it selects shall
be in amounts of $2,000 or integral multiples of $1,000 in excess thereof or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.02(i), the minimum principal denomination for each Series and integral
multiples thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption. 

SECTION 3.03 Notice of Redemption. 
 Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least thirty (30) days but not more than sixty
(60) days before a redemption date, the Company shall send, or cause to be sent, a notice of redemption by first-class mail, postage prepaid, to each Holder whose Securities are to be redeemed and if any Bearer Securities are outstanding,
publish on one occasion a notice in an Authorized Newspaper (except that a redemption referred to in Article Eight may be more than sixty (60) days before the applicable redemption date). At the Company’s request, the Trustee shall forward
the notice of redemption in the Company’s name and at the Company’s expense. Each notice for redemption shall identify the Securities of the Series to be redeemed (including the CUSIP or ISIN number, if any) and shall state: 

(1) the date fixed for the redemption of such Securities; 
 (2) the price fixed for the redemption of such securities, including accrued interest to the redemption date and Additional Amounts, if any; 

(3) if less than all outstanding Securities of any Series are to be redeemed, the identification (and, in the case of partial redemption,
the principal amount) of the particular Security or Securities to be redeemed; 
 (4) in case any Security is to be redeemed in
part only, that on and after the redemption date, upon surrender of such Security, the holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed; 

  
 20 

 (5) that on the redemption date the redemption price and accrued interest to the redemption
date, if any, will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date; 

(6) the place or places of payment where such Securities, together in the case of Bearer Securities with all coupons appertaining
thereto, if any, maturing after the redemption date, are to be surrendered for payment of the redemption price and accrued interest, if any, or for conversion; 
 (7) that, unless otherwise specified in such notice, Bearer Securities of any Series, if any, surrendered for redemption must be accompanied by all coupons maturing after the date fixed for redemption or
the amount of any such missing coupon or coupons will be deducted from the redemption price, unless security or indemnity satisfactory to the Company, the Trustee for such Series and any Paying Agent is furnished; 

(8) If Bearer Securities of any Series are to be redeemed and any Registered Securities of such Series are not to be redeemed, and if
such Bearer Securities may be exchanged for Registered Securities not subject to redemption on the redemption date or otherwise, the last date, as determined by the Company, on which such exchanges may be made; 

(9) the CUSIP number of such Security, if any; 
 (10) if applicable, that a Holder of Securities who desires to convert Securities for redemption must satisfy the requirements of conversion contained in such Securities, the then existing conversion
price or rate and the date and time when the option to convert shall expire; 
 (11) the name and address of the Paying Agent;

 (12) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption
price therefor; 
 (13) that interest on Securities of the Series called for redemption shall cease to accrue on and after the
redemption date thereof, and the only remaining right of the Holders of such Securities shall be to receive payment of the redemption price therefor upon surrender to the Trustee or Paying Agent of the Securities to be redeemed; and 

(14) any other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed and such
other matters as the Company shall deem desirable or appropriate. 
 At the Company’s request, the Trustee shall give the
notice of redemption in the Company’s name and at its expense. 

  
 21 

 Any notice that is mailed to the Holders of Registered Securities in the manner herein
provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice. 

SECTION 3.04 Effect of Notice of Redemption. 
 Once notice of redemption is mailed or published as provided in accordance with Section 3.03, Securities of a Series called for redemption shall become due and payable on the redemption date and at
the redemption price therefor. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date; provided that installments of
interest whose Stated Maturity is on or prior to the redemption date shall be payable to the Holders of such Securities (or one or more predecessor Securities) registered at the close of business on the relevant record date therefor according to
their terms and the terms of this Indenture. 
 SECTION 3.05 Deposit of Redemption Price. 

On or before 10:00 a.m. New York time on the redemption date, the Company shall deposit with the Paying Agent funds sufficient to pay the
redemption price of and accrued and unpaid interest, if any, on all Securities to be redeemed on that date. 
 SECTION 3.06
Securities Redeemed in Part. 
 Upon surrender of a Security that is to be redeemed in part, the notice of redemption that
relates to such Security shall state the portion of the principal amount thereof to be redeemed. A new Security or Securities of the same Series and the same Maturity Date equal in principal amount to the unredeemed portion of the original Security
shall be issued in the name of the Holder thereof upon surrender and cancellation of the original Security surrendered. 

ARTICLE FOUR 

COVENANTS 

SECTION 4.01 Payment of Principal and Interest. 
 The Company shall pay or cause to be paid the principal of (and premium, or any) and interest on and Additional Amounts payable on the Securities of each Series in accordance with the terms of such
Securities, any coupons appertaining thereto, and this Indenture. Unless otherwise specified as contemplated by Section 2.02 with respect to any Series of Securities, any interest due on and any Additional Amounts payable in respect of Bearer
Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 4.07 in respect of principal of (or premium, if any, on) such a Security, shall be payable only upon presentation and surrender of the
several coupons for such interest installments as are evidenced thereby as they severally mature. An installment of principal of (and premium, if any), or interest on and Additional Amounts payable on, Securities shall be considered paid on the date
it is due if the Trustee or the Paying Agent (other than the Company or an Affiliate thereof) holds on that date funds designated for and sufficient to pay the installment. The Paying Agent shall return to the Company promptly, and in any event, no
later than five (5) Business Days following the date of payment, any money (including accrued interest) that exceeds such amount of principal and 

  
 22 

 
interest paid on the Securities. If a payment date is not a Business Day, at a place of payment, payment may be made at that place on the next succeeding day that is a Business Day, and no
interest shall accrue on such payment for the intervening period. 
 SECTION 4.02 Maintenance of Office or Agency.

 The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will maintain an office
or agency in the United States where such Securities may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of such Securities and this Indenture may be served. Unless
otherwise indicated for a particular series by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, the Company shall maintain such offices or agencies in connection with each Series of Securities in the Borough of
Manhattan, The City of New York, New York (which may be an office or drop facility of the Trustee, the Registrar or the Service Agent, as applicable, for such Securities or an Affiliate of such Trustee, the Registrar or the Service Agent, as
applicable, for such Securities). The Company will give prompt written notice to the Trustee for such Securities of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish such Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of such Trustee. 

The Company may also from time to time designate one or more other offices or agencies where Holders of a Series of Securities may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee for such Series of Securities of any such designation or rescission and of any
change in the location of any such other office or agency. 
 With respect to each Series of Securities, the Company hereby
designates the Corporate Trust Office of the Trustee for such Securities as one such office or agency of the Company in accordance with Section 2.05 hereof. 
 SECTION 4.03 Corporate Existence. 
 Except as otherwise permitted by
Article Five and the other provisions of this Indenture, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect corporate or equivalent existence and material rights (charter and statutory) and
material franchises of it and its Subsidiaries; provided, however, that the Company shall not be required to preserve any such right or franchise of a Subsidiary if the Board of Directors of the Company shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, or if the failure so to preserve would not reasonably be expected to have a material adverse effect on the Company and its
Subsidiaries, taken as a whole. 
 SECTION 4.04 Compliance Certificate. 

The Company and each guarantor of any Series of Securities (to the extent that such guarantor is so required under the Trust Indenture
Act) shall deliver to the Trustee with respect to such Series, within one hundred twenty (120) days after the end of each fiscal year of the 

  
 23 

 
Company, an Officers’ Certificate stating that, in the course of the performance by the signers of their duties as Officers of the Company, they would normally have knowledge of any Default
and whether or not the signers know of any Default that occurred during such fiscal year. If they do know of such a Default, the certificate shall describe the Default, its status and what action, if any, the Company is taking or proposes to take
with respect thereto. The Company also shall comply with Trust Indenture Act § 314(a)(4). 
 SECTION 4.05
Waiver of Stay, Extension or Usury Laws. 
 The Company and each guarantor, if any, of any Series of Securities covenants
(to the extent permitted by applicable law) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or
forgive such Company or such guarantor from paying all or any portion of the principal of (and premium, if any) and/or interest on and Additional Amounts payable on such Securities or the guarantee, if any, of any such guarantor as contemplated
herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture, and (to the extent permitted by applicable law) each hereby expressly waives all benefit or advantage of any
such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

SECTION 4.06 SEC Reports. 
 (a) Whether or not required by the SEC’s rules and regulations, so long as any Securities of any Series are outstanding, the Company will furnish to the Holders of such Securities, cause the Trustee
with respect to such Securities to furnish to the Holders of such Securities, or file electronically with the SEC through the SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any successor system), within the time periods
(including any extensions thereof) specified in the SEC’s rules and regulations: 
 (1) all quarterly and annual financial
information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K (or any successor forms) if the Company were required to file these Forms, including a “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Company’s independent accountants; and 

(2) all current reports that would be required to be filed with the SEC on Form 8-K (or any successor form) if the Company were required
to file these reports. 
 (b) In addition, whether or not required by the SEC’s rules and regulations, the Company will
file a copy of all of the information and reports referred to in clauses (a)(1) and (a)(2) above with the SEC for public availability within the time periods applicable to the Company under Section 13(a) or 15(d) of the Exchange Act (unless the
SEC will not accept the filing, in which case the Company shall make the information available to securities analysts and prospective investors upon request). The Company also shall comply with the other provisions of Trust Indenture
Act § 314(a). 

  
 24 

 (c) The Company shall be deemed to have furnished such reports to the Trustee and the
Holders of the Notes if it has filed such reports with the Commission using the EDGAR filing system and such reports are publicly available. 
 (d) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information
contained therein or determinable from information contained therein, including the Company’s and the Guarantor’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely on Officers’
Certificates). The Trustee shall have no responsibility to review such reports, information or documents. 
 SECTION 4.07
Additional Amounts. 
 If any Securities of a Series provide for the payment of Additional Amounts, the Company will pay
to the Holder of any Security of such Series or any coupon appertaining thereto Additional Amounts as may be specified as contemplated by Section 2.02. 
 The obligations of the Company under this Section shall survive any termination, defeasance or discharge of the Indenture or applicable Security. 

SECTION 4.08 Calculation of Original Issue Discount. 
 The Company shall provide to the Trustee on a timely basis such information as the Trustee requires to enable the Trustee to prepare and file any form required to be submitted by the Company with the
Internal Revenue Service and the Holders of Securities of any Series relating to original issue discount, including, without limitation, Form 1099-OID or any successor form. 
 ARTICLE FIVE 
 SUCCESSOR CORPORATION 

SECTION 5.01 Merger, Consolidation, or Sale of Assets. 

(a) The Company will not, directly or indirectly, in a single transaction or a series of related transactions, (1) consolidate or
merge with or into any other Person (other than a merger with an Affiliate of the Company solely for the purpose of changing the Company’s jurisdiction of incorporation to another State of the United States or forming a direct holding company
of the Company) or sell, lease, transfer, convey or otherwise dispose of or assign all or substantially all of the assets of the Company or the Company and its Subsidiaries (taken as a whole) to any other Person or (2) effect a Plan of
Liquidation, unless, in either case: 
 (1) either: 

(i) the Company will be the surviving or continuing corporation; or 

  
 25 

 (ii) the Person formed by or surviving such consolidation or merger (if not
the Company) or to which such sale, lease, conveyance or other disposition shall be made (or, in the case of a Plan of Liquidation, any Person to which assets are transferred) (collectively, the “Successor”) is a corporation organized and
existing under the laws of the Cayman Islands and any State of the United States of America or the District of Columbia, and the Successor expressly assumes, by a supplemental indenture hereto in form and substance satisfactory to the Trustee, all
of the Obligations of the Company under the Securities and this Indenture; and 
 (2) immediately after giving effect to such
transaction and the assumption of the obligations as set forth in clause (a)(1) above, if applicable, and the incurrence of any Indebtedness to be incurred in connection therewith, no Default shall have occurred and be continuing. 

(b) For purposes of the foregoing, the sale, lease, transfer, conveyance or other disposition or assignment of all or substantially all
of the assets of one or more of the Company’s Subsidiaries, the Equity Interests of which constitute all or substantially all of the assets of the Company, will be deemed to be the transfer of all or substantially all of the assets of the
Company. 
 (c) Upon any consolidation, combination or merger of the Company, or any sale, lease, transfer, conveyance or other
disposition or assignment of all or substantially all of the assets of the Company in accordance with the foregoing, in which the Company is not the continuing obligor under the Securities and this Indenture, the surviving entity formed by such
consolidation or into which the Company is merged or the entity to which the sale, lease, transfer, conveyance, or other disposition or assignment is made will succeed to, and be substituted for, and may exercise every right and power of, the
Company under the Securities and this Indenture with the same effect as if such surviving entity had been named therein as the Company, and, except in the case of such a lease, the Company will be released from its Obligations under the Securities
and this Indenture. 
 (d) This Section 5.01 shall not apply to (i) any sale, lease, transfer, conveyance or other
disposition or assignment of assets between or among (A) the Company and any of its Subsidiaries or (B) two or more Subsidiaries of the Company, or (ii) any merger or consolidation between the Company and any of its Subsidiaries or
between any two Subsidiaries of the Company. 
 ARTICLE SIX 

DEFAULT AND REMEDIES 
  

	 	SECTION 6.01	Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(1) failure by the Company to pay interest on or any Additional Amounts payable in respect of any of Security of that Series or any
coupon appertaining thereto when such interest, Additional Amounts or coupon become due and payable and the continuance of any such failure for thirty (30) consecutive days; 

  
 26 

 (2) failure by the Company to pay the principal of (or premium, if any, on) any Security of
that Series when it becomes due and payable, whether at Stated Maturity, upon redemption, upon purchase, upon acceleration or otherwise; 
 (3) failure to deposit any sinking fund payment, when and as due in respect of any Security of that Series; 
 (4) failure by the Company to comply with any other agreement or covenant in this Indenture that are applicable to the Securities of a Series and the continuance of any such failure for sixty
(60) consecutive days after the Company’s receipt of written notice of such failure to the Company by the Trustee or the Company’s receipt of written notice of such failure to the Company and the Trustee by the Holders of not less
than twenty-five percent (25%) of the aggregate principal amount of the Securities of that Series then outstanding; 
 (5)
the Company pursuant to or within the meaning of any Bankruptcy Law: 
 (i) commences a voluntary case,

 (ii) consents to the entry of an order for relief against it in an involuntary case, 

(iii) consents to the appointment of a Custodian of it or for all or substantially all of its assets, 

(iv) makes a general assignment for the benefit of its creditors, or 

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

(i) is for relief against the Company as debtor in an involuntary case, 

(ii) appoints a Custodian of the Company or for all or substantially all of its assets, or 

(iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for ninety
(90) days; or 
 (7) any other Event of Default provided with respect to Securities of that Series, which is specified in a
Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. 

  
 27 

	 	SECTION 6.02	Acceleration. 

 If an
Event of Default specified in Section 6.01(5) or Section 6.01(6) with respect to the Company occurs, all outstanding Securities shall become immediately due and payable without any further action or notice. If an Event of Default (other
than an Event of Default specified in Section 6.01(5) or Section 6.01(6) with respect to the Company) shall have occurred and be continuing under this Indenture and the Securities of any Series, the Trustee, by notice to the Company, or
the Holders of not less than twenty-five percent (25%) in aggregate principal amount of the Securities of such Series then outstanding by notice to the Company and the Trustee, may declare all amounts owing under such Securities of such Series
to be due and payable immediately. Upon such acceleration or declaration of acceleration, the aggregate principal (or, if any Securities of that Series are Discount Securities, such portion of the principal as may be specified in the terms of such
Securities) of and accrued and unpaid interest on the outstanding Securities of such Series shall immediately become due and payable; provided, however, that after such acceleration or declaration of acceleration, but before a judgment or
decree based on acceleration or declaration of acceleration, the Holders of a majority in aggregate principal amount of such outstanding Securities of such Series may rescind and annul such acceleration or declaration of acceleration: 

(1) if the rescission would not conflict with any judgment or decree; 

(2) if all existing Defaults have been cured or waived (except nonpayment of principal and interest that has become due solely because of
this acceleration); 
 (3) to the extent the payment of such interest is lawful, interest on overdue installments of interest on
and any Additional Amounts with respect to all outstanding Securities of that Series and any related coupons has been paid, and all and overdue principal (and premium, if any), which has become due (otherwise than by such declaration of
acceleration), has been paid; 
 (4) if the Company has paid to the Trustee its reasonable compensation and reimbursed the
Trustee of its expenses, disbursements and advances; and 
 (5) in the event of a cure or waiver of a Default of the type set
forth in Section 6.01(5) or Section 6.01(6), the Trustee shall have received an Officers’ Certificate and an Opinion of Counsel that such Default has been cured or waived. 

No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

 

	 	SECTION 6.03	Other Remedies. 

 If a
Default with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or interest on, such Securities
or to enforce the performance of any provision of such Securities or this Indenture. 

  
 28 

 The Trustee for such Securities may maintain a proceeding even if it does not possess any of
such Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of Securities in exercising any right or remedy accruing upon a Default shall not impair the right or remedy or constitute a waiver
of or acquiescence in the Default. No remedy is exclusive of any other remedy. All remedies are cumulative to the extent permitted by law. 
  

	 	SECTION 6.04	Waiver of Past Defaults. 

Holders of at least a majority in aggregate principal amount of the then outstanding Securities of any Series (which may include consents
obtained in connection with a tender offer or exchange offer of such Securities), by notice to the Trustee for such Securities, may, on behalf of all of the Holders of such Securities, waive an existing Default with respect to such Securities and
its consequences, except a Default in the payment of principal or interest on such Securities; provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Securities of any Series may, on behalf of
all of the Holders of such Securities, rescind an acceleration of such Securities and its consequences, including any related payment Default that resulted from such acceleration. When a Default is waived, it is cured and ceases. 

 

	 	SECTION 6.05	Control by Majority. 

 (a)
The Holders of a majority in aggregate principal amount of the outstanding Securities of any Series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee of such Series or exercising any trust or
power conferred on it with respect to such Series. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines may be unduly prejudicial to the
rights of another Holder, or that may involve the Trustee in personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 

(b) In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to
indemnification by the Holders satisfactory to the Trustee in its sole discretion against all losses and expenses caused by taking such action or following such direction. 

 

	 	SECTION 6.06	Limitation on Suits. 

 (a)
Subject to Section 6.07, no Holder of any Securities of any Series will have any right to institute any proceeding with respect to this Indenture or such Securities for any remedy thereunder, unless the Trustee for such Securities: 

(1) has failed to act for a period of sixty (60) consecutive days after receiving notice of a continuing Event of Default from such
Holder and a request to act by Holders of at least twenty-five percent (25%) in aggregate principal amount of the outstanding Securities of such Series; 
 (2) has been offered indemnity satisfactory to it in its reasonable judgment; and 

(3) has not received from the Holders of a majority in aggregate principal amount of the outstanding Securities of such Series a
direction inconsistent with such request. 

  
 29 

 (b) A Holder of any Securities of any Series may not use this Indenture to prejudice the
rights of another Holder of such Securities of such Series or to obtain a preference or priority over another Holder of Securities of such Series. 
  

	 	SECTION 6.07	Rights of Holders to Receive Payment. 

 Notwithstanding any other provision of this Indenture, the right of any Holder of any Securities of any Series to receive payment of principal of (and premium, if any), and interest on, and any Additional
Amounts in respect of, such Securities, on or after the respective due dates expressed in such Securities (including, if applicable, in connection with an offer to purchase or redeem), or to bring suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected without the consent of such Holder. 
  

	 	SECTION 6.08	Collection Suit by Trustee. 

 If a Default specified in Section 6.01(1), 6.01(2) or 6.01(3) with respect to Securities of any Series occurs and is continuing, the Trustee for such Securities may recover judgment in its own name
and as trustee of an express trust against the Company or any other obligor on such Securities for the whole amount of principal (and premium, if any) and accrued interest and any Additional Amounts, and fees remaining unpaid, together with interest
on overdue principal (and premium, if any) and, to the extent that payment of such interest is lawful, interest on overdue installments of interest and any Additional Amounts, in each case at the rate per annum borne by such Securities and such
further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of such Trustee, its agents and counsel. 

 

	 	SECTION 6.09	Trustee May File Proofs of Claim. 

 The Trustee for each Series of Securities may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of such Trustee (including any claim for
the compensation, expenses, disbursements and advances of such Trustee, its agents and counsel) and the Holders of the Securities for which it acts as trustee allowed in any judicial proceedings relating to the Company (or any other obligor upon
such Securities), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any monies or other property payable or deliverable on any such claims, and any Custodian in any such judicial proceeding is
hereby authorized by each Holder of such Securities to make such payments to such Trustee and, in the event that such Trustee shall consent to the making of such payments directly to such Holders, to pay to such Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of such Trustee, its agents and counsel, and any other amounts due such Trustee under this Indenture. Nothing herein contained shall be deemed to authorize such Trustee to authorize or
consent to or accept or adopt on behalf of any Holder for which it acts as trustee any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of such Holder, or to authorize such Trustee to vote in
respect of the claim of any such Holder in any such proceeding. The Trustee shall be entitled to participate as a member of any official committee of creditors in the matters as it deems necessary or advisable. 

  
 30 

	 	SECTION 6.10	Priorities. 

 If the
Trustee for any Series of Securities collects any money or property pursuant to this Article Six, it shall pay out the money or property in the following order: 
 First: to the Trustee, its agents and attorneys for amounts due under this Indenture, including payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the
Trustee and the costs and expenses of collection; 
 Second: to Holders of such Securities and coupons for interest accrued and
any Additional Amounts payable on such Securities, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for interest and Additional Amounts; and 

Third: to Holders of such Securities for principal amounts (and premium, if any) due and unpaid on such Securities, ratably, without
preference or priority of any kind, according to the amounts due and payable on such Securities for principal; and 
 Fourth: to
the Company or, if applicable, any guarantors with respect to such Securities, as their interests may appear, or to such other Person or Persons as a court of competent jurisdiction shall direct. 

The Trustee, upon prior notice to the Company, may fix a record date and payment date for any payment to Holders of Securities pursuant
to this Section 6.10. 
  

	 	SECTION 6.11	Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against any Trustee for any action taken or
omitted by it as a 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 6.11 does not apply to a suit by the Trustee, a suit by
a Holder of a Security pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Securities of any Series. 

ARTICLE SEVEN 

TRUSTEE 
  

	 	SECTION 7.01	Duties of Trustee. 

 (a)
If a 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 under the
circumstances in the conduct of his or her own affairs. 

  
 31 

 (b) Except during the continuance of a Default: 

(1) The Trustee need perform only those duties as are specifically set forth herein or in the Trust Indenture Act, and no duties,
covenants, responsibilities or obligations shall be implied in this Indenture against the Trustee. 
 (2) In the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates (including Officers’ Certificates) or opinions (including Opinions of Counsel)
furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall
examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
 (c)
Notwithstanding anything to the contrary herein, the Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1) This paragraph does not limit the effect of Section 7.01(b). 

(2) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts. 
 (3) 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 6.05. 
 (d) No
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or to take or omit to take any action under this Indenture or take any
action at the request or direction of Holders if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 
 (e) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this Section 7.01. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.
Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (g) The
Trustee shall not be responsible for the use or application by the Company of Securities or proceeds thereof. 

  
 32 

	 	SECTION 7.02	Rights of Trustee. 

Subject to Section 7.01: 
 (a) The Trustee may rely conclusively on any resolution, certificate (including any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request,
direction, consent, order, bond, debenture, 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 such document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate and an Opinion of Counsel, which shall
conform to the provisions of Section 10.05. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. 

(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent
(other than an agent who is an employee of the Trustee) appointed with due care. 
 (d) The Trustee shall not be liable for any
action it takes or omits to take in good faith which it believes in good faith to be authorized or within its rights or powers under this Indenture. 
 (e) The Trustee may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect
of 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 Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of
this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby. 

(g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate (including
any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture, or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled, upon reasonable notice to the Company, to examine the books, records, and
premises of the Company, personally or by agent or attorney at the sole cost of the Company. 
 (h) The Trustee shall not be
required to give any bond or surety in respect of the performance of its powers and duties hereunder. 
 (i) The permissive
rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties. 

  
 33 

 (j) Except with respect to Section 4.01 and Section 4.04, the Trustee shall have
no duty to inquire as to the performance of the Company with respect to the covenants contained in Article Four. In addition, the Trustee shall not be deemed to have knowledge of any Default except (i) any Default occurring pursuant to
Section 4.01, Section 4.04, Section 6.01(1), Section 6.01(2) or Section 6.01(3) or (ii) any Default of which a Responsible Officer shall have received written notification. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act for it hereunder. 

 

	 	SECTION 7.03	Individual Rights of Trustee. 

 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have
if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 
  

	 	SECTION 7.04	Trustee’s Disclaimer. 

The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities,
it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 

 

	 	SECTION 7.05	Notice of Default. 

 If a
Default occurs and is continuing with respect to the Securities of any Series and the Trustee receives written notice of such Default, the Trustee shall send to each Holder of the Securities of that Series and, if any Bearer Securities are
outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default within thirty (30) days after it occurs. Except in the case of a Default in payment of principal of or interest on any Security of any Series, the Trustee may
withhold the notice if and so long as the Board of Directors, the executive committee, or a trust committee of directors and/or Responsible Officers, of the Trustee in good faith determines that withholding the notice is in the interests of Holders
of that Series. 
  

	 	SECTION 7.06	Reports by Trustee to Holders. 

 The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto. 
 A copy of each report at the time of its mailing to Holders of any Series shall be filed with the
SEC and each stock exchange on which the Securities of that Series are listed. 
 The Company shall notify the Trustee if the
Securities of any Series become listed on any securities exchange or of any delisting thereof. 

  
 34 

	 	SECTION 7.07	Compensation and Indemnity. 

 The Company shall pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in writing for its services hereunder. 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 disbursements, expenses and advances (including reasonable fees and expenses of counsel)
incurred or made by it in addition to the compensation for its services, except any such disbursements, expenses and advances as may be attributable to the Trustee’s negligence, bad faith or willful misconduct. Such expenses shall include the
reasonable fees and expenses of the Trustee’s agents and counsel. 
 The Company shall indemnify each of the Trustee or any
predecessor Trustee and its agents for, and hold them harmless against, any and all loss, damage, claims (including taxes (other than taxes based upon, measured by or determined by the income of the Trustee)), liability or expense incurred by them
arising out of or in connection with the acceptance or administration of this trust (including the reasonable costs and expenses of defending themselves against or investigating any claim or liability in connection with the exercise or performance
of any of the Trustee’s rights, powers or duties hereunder), except in each of the foregoing cases to the extent caused by any negligence, bad faith or willful misconduct on their part. The Trustee shall notify the Company promptly of any claim
asserted against the Trustee or any of its agents for which it may seek indemnity. The Company may, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), defend the claim and the Trustee shall cooperate in the
defense. The Trustee and its agents subject to the claim may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel; provided, however, that the Company will not be required to pay such fees and
expenses if, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), it assumes the Trustee’s defense and there is no conflict of interest between the Company and the Trustee and its agents subject to the
claim in connection with such defense as reasonably determined by the Trustee. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense or indemnify against any loss or liability to the
extent incurred by the Trustee through its negligence, bad faith or willful misconduct. 
 When the Trustee incurs expenses or
renders services after a Default specified in Section 6.01(5) or Section 6.01(6) occurs, such expenses and the compensation for such services shall be paid to the extent allowed under any Bankruptcy Law. 

Notwithstanding any other provision in this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction
and discharge of this Indenture or the appointment of a successor Trustee. 
  

	 	SECTION 7.08	Replacement of Trustee. 

The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least thirty (30) days
prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Company and the Trustee and may appoint a successor
Trustee. The Company may remove the Trustee with respect to Securities of one or more Series if: 
 (1) the Trustee fails to
comply with Section 7.10; 

  
 35 

 (2) the Trustee is adjudged a bankrupt or an insolvent; 

(3) a receiver or other public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 
 If the Trustee retires, whether by resignation or removal, or if a vacancy exists in the office of Trustee for any reason, the Company shall notify each Holder of such event and shall promptly appoint a
successor Trustee. Within one (1) year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the
Company. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Immediately after that, after payment of all sums then owing to the Trustee pursuant to Section 7.07, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, the resignation or removal of the
retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee
shall send notice of its succession to each Holder of each such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. 

If a successor Trustee with respect to the Securities of any one or more Series does not take office within sixty (60) days after
the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least ten percent (10%) in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the
appointment of a successor Trustee at the expense of the Company. 
 If the Trustee fails to comply with Section 7.10, any
Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding the appointment of a successor Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee.

  

	 	SECTION 7.09	Successor Trustee by Merger, Etc. 

 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the resulting, surviving or transferee corporation
without any further act shall, if such resulting, surviving or transferee corporation is otherwise eligible hereunder, be the successor Trustee; provided, however, that such corporation shall be otherwise qualified and eligible under this
Article Seven. 

  
 36 

	 	SECTION 7.10	Eligibility; Disqualification. 

 The Trustee shall at all times satisfy the requirements of Trust Indenture Act §§ 310(a)(1), 310(a)(2) and 310(a)(5). The Trustee shall have a combined capital and surplus of at least
$50,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with Trust Indenture Act § 310(b); provided, however, that there shall be excluded from the operation of Trust Indenture Act
§ 310(b)(1) any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for such exclusion set forth in Trust Indenture Act
§ 310(b)(1) are met. The provisions of Trust Indenture Act § 310 shall apply to the Company and any other obligor of the Securities. 
  

	 	SECTION 7.11	Preferential Collection of Claims Against the Company. 

 The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has
resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. 
 ARTICLE EIGHT

 DISCHARGE OF INDENTURE; DEFEASANCE 
  

	 	SECTION 8.01	Termination of the Company’s Obligations. 

 Except as otherwise provided in the last paragraph of this Section 8.01, this Indenture will be discharged and will cease to be of further effect as to a Series of Securities issued hereunder, when
either: 
 (a) all such Securities and coupons that have been authenticated (except lost, stolen or destroyed Securities or
coupons that have been replaced or paid and Securities and coupons for whose payment money has been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from this trust), have been
delivered to the Trustee for cancellation, or 
 (b) (1) all such Securities and coupons that have not been delivered to
the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited or caused to be deposited with the
Trustee as trust funds in trust solely for the benefit of the Holders of such Securities cash in Dollars or U.S. Government Obligations, or a combination thereof, in amounts sufficient (without reinvestment) to pay and discharge the entire
Indebtedness (including all principal (and premium, if any) and accrued interest and Additional Amounts) on such Securities not theretofore delivered to the Trustee for cancellation to the date of maturity or redemption; 

(2) the Company or any guarantor of such Securities and coupons has paid or caused to be paid all other sums payable by the Company under
this Indenture; and 
 (3) the Company has delivered irrevocable instructions to the Trustee for such Securities under this
Indenture to apply the deposited money toward the payment of such Securities at maturity or on the date of redemption, as the case may be. 

  
 37 

 In addition, the Company must deliver an Officers’ Certificate and an Opinion of
Counsel to the Trustee for such Securities stating that all conditions precedent to satisfaction and discharge have been complied with. 
 In the case of clause (b) of this Section 8.01, and subject to the next sentence and notwithstanding the foregoing paragraph, the Company’s obligations in Sections 2.06, 2.07, 2.08, 2.09,
4.01, 4.02, 4.03 (as to legal existence of the Company only), 7.07, 8.05 and 8.06 shall survive until such Securities are no longer outstanding pursuant to the last paragraph of Section 2.09. In addition, nothing in this Section 8.01 shall
be deemed to discharge the obligations in Section 7.07, 8.04(a), 8.05 or 8.06, all of which shall survive the satisfaction and discharge of this Indenture. 
 After such delivery or irrevocable deposit, the Trustee upon request by the Company shall acknowledge in writing the discharge of the Company’s obligations under such Securities and coupons and this
Indenture except for the surviving obligations specified above. 
  

	 	SECTION 8.02	Legal Defeasance and Covenant Defeasance. 

 (a) The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Section 8.02(b) or 8.02(c) applied
to all outstanding Securities and any coupons appertaining thereto of any Series upon compliance with the conditions set forth below in this Article Eight. 
 (b) Upon the Company’s exercise under Section 8.02(a) of the option applicable to this Section 8.02(b), the Company and each guarantor, if any, of such Securities and any coupons
appertaining thereto will, subject to the satisfaction of the conditions set forth in Section 8.03, be deemed to have been discharged from its or their obligations with respect to all outstanding Securities of such Series and any coupons
appertaining thereto (including the related guarantees, if any) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and such
guarantors, if any, will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Securities of such Series and any coupons appertaining thereto (including the related guarantees, if any), which will thereafter be
deemed to be “outstanding” only for the purposes of Section 8.04 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all its or their other obligations under such
Securities and any coupons appertaining thereto, such guarantees, if any, and this Indenture (and the Trustee for such Securities, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for
the following provisions which shall survive until otherwise terminated or discharged hereunder: 
 (1) the rights of Holders of
outstanding Securities of such Series and any coupons appertaining thereto to receive, solely from the trust fund described in Section 8.04, and as more fully set forth in Section 8.04, payments in respect of the principal of (and premium,
if any) or interest, if any, on, such Securities and any coupons appertaining thereto when such payments are due; 

  
 38 

 (2) the Company’s obligations with respect to such Securities under Article Two and
Section 4.02 hereof; and with respect to the payment of Additional Amounts, if any, on such Securities; 
 (3) the rights,
powers, trusts, duties and immunities of the Trustee for such Securities hereunder and the Company’s and the guarantors’, if any, obligations in connection therewith; and 

(4) the provisions of this Article Eight applicable to Legal Defeasance (including Sections 8.04, 8.05 and 8.06). 

Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.02(b) notwithstanding the
prior exercise of its option under Section 8.02(c) hereof. 
 (c) Upon the Company’s exercise under
Section 8.02(a) hereof of the option applicable to this Section 8.02(c), the Company and each of the guarantors, if any, will, subject to the satisfaction of the conditions set forth in Section 8.03 hereof, be released from each of
their or its obligations under the covenants specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.02(v), with respect to the outstanding Securities of the applicable
Series and any coupons appertaining thereto on and after the date the conditions set forth in Section 8.03 hereof are satisfied (hereinafter, “ Covenant Defeasance ”), and such Securities and any coupons appertaining thereto shall
thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders of such Securities and any coupons appertaining thereto (and the consequences of any thereof) in connection with
such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities and any coupons appertaining thereto shall not be deemed outstanding for accounting purposes). For
this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of such Series and any coupons appertaining thereto, the Company may omit to comply with and shall have no obligation or liability in respect of any term,
condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other
document and such omission to comply shall not constitute a Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Securities and any coupons appertaining thereto will be unaffected thereby. In
addition, upon the Company’s exercise under Section 8.02(a) of the option applicable to this Section 8.02(c), subject to the satisfaction of the conditions set forth in Section 8.03, clause (4) of Section 6.01 shall not
constitute an Event of Default. 
  

	 	SECTION 8.03	Conditions to Legal Defeasance or Covenant Defeasance. 

 In order to exercise either Legal Defeasance under Section 8.02(b) or Covenant Defeasance under Section 8.02(c) with respect to Securities of any Series: 

(1) the Company must irrevocably deposit with the Trustee for such Securities, in trust, for the benefit of the Holders of such
Securities and any coupons appertaining thereto, money or U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient (without reinvestment), in the opinion of a nationally recognized firm of independent public
accountants selected by the Company, to pay the principal of (and premium, if any) and interest, if any, on, and any mandatory sinking fund payments in respect of, the outstanding Securities of such Series and any coupons appertaining thereto on the
stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether such Securities and any coupons appertaining thereto are being defeased to such stated date for payment or to a particular
redemption date; 

  
 39 

 (2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee for
such Securities an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that: 

(i) the Company has received from, or there has been published by, the Internal Revenue Service, a ruling, or 

(ii) since the date of this Indenture, there has been a change in the applicable U.S. federal income tax law, 

in either case to the effect that, and based thereon, the Holders of the outstanding Securities of such Series and any coupons appertaining thereto will
not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if
such Legal Defeasance had not occurred; 
 (3) in the case of Covenant Defeasance, the Company shall have delivered to the
Trustee for such Securities and any coupons appertaining thereto an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that the Holders of such Securities and any coupons appertaining thereto will not recognize
income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
Covenant Defeasance had not occurred; 
 (4) such deposit shall not result in a breach or violation of, or constitute a default
under this Indenture (other than a Default resulting from the borrowing of funds to be applied to such deposit); 
 (5) the
Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of
its Subsidiaries is bound (other than any such default resulting solely from the borrowing of funds to be applied to such deposit and the grant of any Lien on such deposit in favor of the Trustee and/or the Holders); 

(6) the Company shall have delivered to the Trustee for such Securities an Officers’ Certificate stating that the deposit was not
made by the Company with the intent of 

  
 40 

 
preferring the Holders of such Securities and any coupons appertaining thereto over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other
of its creditors; and 
 (7) the Company shall have delivered to the Trustee for such Securities an Officers’ Certificate
and an Opinion of Counsel, stating, in the case of the Officers’ Certificate, clauses (1) through (6) of this Section 8.03, as applicable, have been complied with and stating, in the case of the Opinion of Counsel, that the
conditions provided for in clause (2) or (3), as applicable, and clause (5) of this Section 8.03 have been complied with. 
  

	 	SECTION 8.04	Application of Trust Money. 

 (a) The Trustee or Paying Agent shall hold in trust all money and U.S. Government Obligations (including the proceeds thereof) deposited with it pursuant to this Article Eight in respect of the
outstanding Securities of any Series and any coupons appertaining thereto, and shall apply the deposited money and U.S. Government Obligations (including any proceeds thereof) in accordance with this Indenture to the payment of the principal of and
the interest on such Securities and any coupons appertaining thereto. The Trustee shall be under no obligation to invest said money and U.S. Government Obligations (including any proceeds thereof), except as it may agree with the Company.

 (b) The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
money or U.S. Government Obligations (including any proceeds thereof) deposited pursuant to Section 8.03, or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of
the Holders of the outstanding Securities of the applicable Series and any coupons appertaining thereto. 
 (c) Anything in this
Article Eight to the contrary notwithstanding, the Trustee shall promptly deliver or pay to the Company from time to time upon the request of the Company any money or U.S. Government Obligations held by it as provided in Section 8.03 which, in
the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance. 
  

	 	SECTION 8.05	Repayment to the Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of,
premium, if any, or interest on, any Series of Securities and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the
Company) will be discharged from such trust; and the Holders of such Securities and any coupons appertaining thereto will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent
with respect to such trust money, and all liability of the Company as trustee thereof, will 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 the New York 

  
 41 

 
Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than thirty (30) days from the
date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  

	 	SECTION 8.06	Reinstatement. 

 If the
Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with this Article Eight or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, then the Company’s and any applicable guarantors’ Obligations under this Indenture and the applicable Securities and the guarantees shall be revived and reinstated as though no deposit had occurred pursuant to this
Article Eight until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with this Article Eight; provided, however, that if the Company has made any payment of principal of, premium, if any, or interest
on any such Securities following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or
Paying Agent. 
 ARTICLE NINE 
 AMENDMENTS, SUPPLEMENTS AND WAIVERS 
  

	 	SECTION 9.01	Without Consent of Holders. 

 Subject to Section 9.02 of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Holder: 

(1) to cure any ambiguity, defect or inconsistency; 
 (2) to provide for uncertificated Securities in addition to or in place of certificated Securities; 
 (3) to provide for the assumption of the Company’s or a guarantor’s obligations to the Holders of the Securities in the case of a merger, consolidation or sale of all or substantially all of the
assets, in accordance with Article Five; 
 (4) to add guarantees with respect to the Securities of any Series; 

(5) to release any guarantor from its guarantee or any of its other obligations under this Indenture (to the extent permitted by this
Indenture); 
 (6) to make any change that would provide any additional rights or benefits to the Holders of Securities or that
does not adversely affect the legal rights hereunder of any Holder; 
 (7) to comply with requirements of the SEC in order to
effect or maintain the qualification of this Indenture under the Trust Indenture Act; 

  
 42 

 (8) to provide for the issuance of and establish the form and terms and conditions of
Securities of any Series as permitted by this Indenture; or 
 (9) to evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the
execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02(b), the Trustee will join with the Company in the execution of any amended or supplemental indenture authorized
or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or supplemental indenture that affects its
own rights, duties or immunities under this Indenture or otherwise. 
  

	 	SECTION 9.02	With Consent of Holders. 

(a) The Company and the Trustee may enter into a supplemental indenture hereto with the written consent of the Holders of not less than a
majority in aggregate principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture hereto or of modifying in any manner the rights of the Holders of each such Series. Subject to
Section 6.07, the Holders of a majority in aggregate principal amount of the outstanding Securities of each Series by notice to the Trustee (including waivers obtained in connection with a tender offer or exchange offer for the Securities of
such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series without notice to any other Holders. 
 (b) Notwithstanding Section 9.02(a), without the consent of each Holder affected, no amendment or waiver may (with respect to any Securities held by a non-consenting Holder): 

(1) reduce the principal (or premium, if any) or change the Stated Maturity of any Security or reduce the amount of, or postpone the date
fixed for, the payment of any sinking fund or analogous obligation; 
 (2) reduce the rate of or amount or interest on any
Security or any Additional Amounts in respect thereof, or extend the time for payment of any of the foregoing; 
 (3) reduce the
principal amount of Discount Securities payable upon acceleration of the maturity thereof; 
 (4) waive a redemption payment
with respect to any Security or change any of the provisions with respect to the redemption of any Securities, except as specifically set forth in the Board Resolution, supplemental indenture or Officers’ Certificate delivered pursuant to
Section 2.02; 

  
 43 

 (5) make the principal of or interest, if any, on any Security payable in money or currency
other than that stated in the Security; 
 (6) if the Securities of such Holder are entitled to the benefit of any guarantee,
release any guarantor of such Securities other than as provided in this Indenture or modify the guarantee in any manner adverse to such Holder; 
 (7) waive a Default in the payment of principal of or interest on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal
amount of the outstanding Securities of such Series and a waiver of the payment Default that resulted from such acceleration); 

(8) change the amount of Securities whose Holders must consent to an amendment, supplement or waiver; or 

(9) make any change in Section 6.07, this Section 9.02(b), Section 10.14 or Section 10.15. 

(c) It shall not be necessary for the consent of the Holders of Securities under this Section 9.02 to approve the particular form of
any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 (d)
A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with an exchange (in the case of an exchange offer) or a tender (in the case of a tender offer) of such Holder’s Securities will not be
rendered invalid by such tender or exchange. 
 (e) After an amendment, supplement or waiver under this Section 9.02
becomes effective, the Company shall send, or cause to be sent, to the Holders of Securities affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in an Authorized Newspaper, a notice briefly
describing the amendment, supplement or waiver. Any failure of the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver. 

 

	 	SECTION 9.03	Compliance with the Trust Indenture Act. 

 Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the Trust Indenture Act as then in effect. 

 

	 	SECTION 9.04	Revocation and Effect of Consents. 

 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a
Security before the date on which the Trustee receives an Officers’ Certificate certifying that the Holders of the requisite Securities have consented (and not theretofore revoked such consent) to the amendment, supplement or waiver.

  
 44 

 The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment, supplement or waiver, which record date shall be at least thirty (30) days prior to the first solicitation of such consent. If a record date is fixed, then notwithstanding the last
sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to revoke any consent previously given, whether or not such Persons
continue to be Holders after such record date. No such consent shall be valid or effective for more than ninety (90) days after such record date. The Company shall inform the Trustee in writing of the fixed record date if applicable.

 After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in
Section 9.02(b), in which case, the amendment, supplement or waiver shall bind only each Holder of Securities who has consented to it and every subsequent Holder of a Securities or portion of Securities that evidences the same debt as the
consenting Holder’s Securities; provided, however, that no such amendment, supplement or waiver shall impair or affect the right of any Holder to receive payment of principal of (or premium, if any), and interest on and any Additional
Amounts in respect thereto, with respect to a Security and any coupons appertaining thereto, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the
consent of such Holder. 
  

	 	SECTION 9.05	Notation on or Exchange of Securities. 

 If an amendment, supplement or waiver changes the terms of a Security, the Company may require the Holder of the Security to deliver it to the Trustee. The Company shall provide the Trustee with an
appropriate notation on the Security about the changed terms and cause the Trustee to return it to the Holder at the Company’s expense. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall
issue, and the Trustee shall authenticate, a new Security that reflects the changed terms. Failure to make the appropriate notation or issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver. 

 

	 	SECTION 9.06	Trustee To Sign Amendments, Etc. 

 The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article Nine; provided, however, that the Trustee may, but shall not be obligated to, execute any such
amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel and an
Officers’ Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized or permitted by this Indenture and constitutes legal, valid and binding obligations of the
Company enforceable in accordance with its terms, subject to customary exceptions. Such Opinion of Counsel shall be at the expense of the Company. 

  
 45 

	 	SECTION 9.07	Trustee Protected. 

 In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to
Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures hereto,
except that the Trustee need not sign any supplemental indenture that adversely affects its rights. 
 ARTICLE TEN 

MISCELLANEOUS 
  

	 	SECTION 10.01	Trust Indenture Act Controls. 

 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this Indenture by the Trust Indenture Act, such required or deemed
provision shall control. 
  

	 	SECTION 10.02	Notices. 

 Any notices or
other communications to the Company, any Subsidiary of the Company, or the Trustee required or permitted hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, by nationally recognized overnight courier service, by
facsimile transmission or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 
 if
to the Company or any of its Subsidiaries: 
  

	
	Vantage Drilling Company
	777 Post Oak Boulevard, ST 800
	Houston, Texas 77056
	Telephone: (281) 404-4700
	Facsimile: (281) 404-4749

 With a copy to (which copy alone shall not constitute notice): 

 

	
	Vantage Drilling Company
	777 Post Oak Boulevard, ST 800
	Houston, Texas 77056
	Telephone: (281) 404-4700
	Facsimile: (281) 404-4749

 And with a copy to (which copy alone shall not constitute notice): 

 

	
	Fulbright & Jaworski LLP
	1301 McKinney Street, Suite 5100
	Houston, Texas 77010

  
 46 

	
	Attention: Josh Agrons
	Telephone: (713) 651-5529
	Facsimile: (713) 651-5246

 if to the Trustee: 
  

	
	Wells Fargo Bank, National Association
	750 N. St. Paul Place, Suite 1750
	MAC 9263-170
	Dallas, Texas 75201
	Attention: Corporate Trust Municipal and Escrow Services
	Telephone: (214) 756-7430
	Facsimile: (214) 756-7401

 Each of the Company (both for itself and any of its Subsidiaries) and the Trustee by written notice to
each other such Person may designate additional or different addresses for notices to such Person. Any notice or communication to the Company, any Subsidiary of the Company, and the Trustee shall be deemed to have been given or made as of the date
so delivered if personally delivered; when replied to; when receipt is acknowledged, if sent by facsimile transmission during normal business hours of the recipient, or, if not sent during normal business hours of the recipient, on the Business Day
after the day receipt is acknowledged; five (5) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by
the addressee); one (1) Business Day after deposit with a nationally recognized overnight courier service guaranteeing overnight delivery of such notice or communication. 
 Any notice or communication to a Holder required or permitted hereunder shall be mailed to the Holder at the Holder’s address as it appears on the registration books of the Registrar and, if any
Bearer Securities are outstanding, published in an Authorized Newspaper. 
 Failure to mail a notice or communication to a
Holder of Securities of any Series or any defect in it shall not affect its sufficiency with respect to other Holders of that or any other Series. If a notice or communication is mailed or published in the manner provided above, within the time
prescribed, it is duly given, whether or not the addressee receives it. 
 If the Company sends a notice or communication to
Holders, it shall send a copy to the Trustee and each Agent at the same time. 
  

	 	SECTION 10.03	Communications by Holders with Other Holders. 

 Holders of any Series may communicate pursuant to Trust Indenture Act § 312(b) with other Holders of that Series or any other Series with respect to their rights under this Indenture or the
Securities of that Series or any other Series. The Company, the Trustee, the Registrar and any other Person shall have the protection of Trust Indenture Act § 312(c). 

  
 47 

	 	SECTION 10.04	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, at the request of the Trustee: 

(1) an Officers’ Certificate, in form and substance reasonably satisfactory to the Trustee, stating that all conditions precedent,
if any, to be performed or effected by the Company, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel, in form and substance reasonably satisfactory to the Trustee, stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with.

  

	 	SECTION 10.05	Statements Required in Certificate or Opinion. 

 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than the Officers’ Certificate required by Section 4.04 or a certificate
provided pursuant to Trust Indenture Act § 314(a)(4)) shall comply with the provisions of Trust Indenture Act § 314(e) and shall include: 
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of such Person, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with or satisfied; and 
 (4) a
statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with; provided, however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate or
certificates of public officials. 
  

	 	SECTION 10.06	Rules by Trustee and Agents. 

 The Trustee may make reasonable rules for action by or a meeting of Holders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 

 

	 	SECTION 10.07	Legal Holidays. 

 If a
payment date is not a Business Day, payment may be made on the next succeeding day that is a Business Day. 

  
 48 

	 	SECTION 10.08	Governing Laws; Submission to Jurisdiction. 

 a) THIS INDENTURE, THE SECURITIES, AND ANY GUARANTEES HEREUNDER, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

b) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO AGREE THAT ANY LITIGATION BASED HEREON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS INDENTURE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF THE TRUSTEE MAY BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF
MANHATTAN OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH LITIGATION.
EACH PARTY HEREBY IRREVOCABLY DESIGNATES CT CORPORATION SYSTEM, 111 8TH AVENUE, NEW YORK, NEW YORK 10011, AS THE DESIGNEE, APPOINTEE AND AGENT OF SUCH PARTY TO RECEIVE, FOR AND ON BEHALF OF SUCH PERSON, SERVICE OF PROCESS IN SUCH JURISDICTION IN ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT HERETO. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS, BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE
STATE OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT
REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY PARTY HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH
SERVICE OF NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH PARTY HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SUCH IMMUNITY IN RESPECT OF
ITS OBLIGATIONS UNDER THIS INDENTURE, THE SECURITIES, AND ANY GUARANTEES HEREUNDER. 
 (c) EACH PARTY TO THIS AGREEMENT
IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS INDENTURE WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

  
 49 

	 	SECTION 10.09	No Adverse Interpretation of Other Agreements. 

 This Indenture may not be used to interpret another indenture, loan or debt agreement of any of the Company or any of its Subsidiaries. Any such indenture, loan or debt agreement may not be used to
interpret this Indenture. 
  

	 	SECTION 10.10	No Recourse Against Others. 

 No director, officer, employee, incorporator, stockholder, member or manager of the Company or any Subsidiary shall have any liability for any obligations of the Company or any Subsidiary under the
Securities of any Series or this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation, and no Officer shall have any personal liability for any Officers’ Certificate signed by such Officer or
any inaccuracy therein. Each Holder of Securities of any Series by accepting such Securities waives and releases all such liability. Such waiver and release shall be part of the consideration for issuance of such Securities. 

 

	 	SECTION 10.11	Successors. 

 All
agreements of the Company or any Subsidiary in this Indenture and the Securities shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successor. 

 

	 	SECTION 10.12	Duplicate Originals. 

 All
parties may sign any number of copies of this Indenture. Each signed copy or counterpart shall be an original, but all of them together shall represent the same agreement. Delivery of an executed counterpart by facsimile or other electronic means
shall be as effective as delivery of a manually executed counterpart thereof. 
  

	 	SECTION 10.13	Severability. 

 To the
extent permitted by applicable law, in case any one or more of the provisions in this Indenture or in the Securities shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any
such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 

 

	 	SECTION 10.14	Securities in a Foreign Currency. 

 Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular
Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series 

  
 50 

 
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than
Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such
time. For purposes of this Section 10.14, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City, New York for cable transfers of that currency as published by the Federal Reserve Bank of New York. If
such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent
available date. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities
pursuant to the terms of this Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate
or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the
Company and all Holders. 
  

	 	SECTION 10.15	Judgment Currency. 

 The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other
amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance
with normal banking procedures the Trustee could purchase in The City of New York, New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day,
then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York, New York the Required Currency with the Judgment Currency on the New York Banking Day
preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any
judgment (whether or not entered in accordance with the preceding clause (a) of this Section 10.15), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by
the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the
amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For
purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York, New York on which banking institutions are authorized or required by law, regulation or executive
order to close. 

  
 51 

 ARTICLE ELEVEN 
 SINKING FUNDS 
  

	 	SECTION 11.01	Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as
otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 
 The minimum amount
of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein
referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.02. Each sinking
fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series. 
  

	 	SECTION 11.02	Satisfaction of Sinking Fund Payments with Securities. 

 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (1) deliver
outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) together, in the case of any Bearer Securities of such Series, with
all unmatured coupons appertaining thereto and (2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company
pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities,
provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later than fifteen (15) days prior to the date on which
the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such
sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.02, the principal amount of Securities of such Series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee
or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment
so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company.

  
 52 

	 	SECTION 11.03	Redemption of Securities for Sinking Fund. 

 Not less than forty-five (45) days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities) prior to
each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of that
Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 11.02, and the optional
amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. 
 Not less than thirty (30) days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities) before each
such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 3.03. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.04, 3.05 and 3.06. 

  
 53 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed.

  

					
	VANTAGE DRILLING COMPANY
		
	By:	 	 /s/ Douglas G. Smith

		 	Name:	 	Douglas G. Smith
		 	Title:	 	Chief Financial Officer and Treasurer

  

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

		 	Name:	 	Patrick T. Giordano
		 	Title:	 	Vice President

  
 54EX-4.2

 Exhibit 4.2 
 EXECUTION VERSION 
 VANTAGE DRILLING COMPANY, 

as Issuer 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
  

 
 First
Supplemental Indenture 
 Dated as of July 16, 2013 

 
  

Supplemental to Indenture 
 Dated as of July 16, 2013 
  

 
 5.50%
Convertible Senior Notes due 2043 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
		
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY
REFERENCE
	  	 	1	  
			
	 Section 1.01.
	  	 Definitions
	  	 	1	  
			
	 Section 1.02.
	  	 Other Definitions
	  	 	10	  
			
	 Section 1.03.
	  	 Rules of Construction
	  	 	10	  
		
	 ARTICLE 2 AMENDMENTS TO THE BASE
INDENTURE
	  	 	11	  
			
	 Section 2.01.
	  	 Provisions Applicable Only to Notes
	  	 	11	  
			
	 Section 2.02.
	  	 Transfer and Exchange
	  	 	11	  
			
	 Section 2.03.
	  	 Redemption
	  	 	11	  
			
	 Section 2.04.
	  	 Reports and Covenants
	  	 	11	  
			
	 Section 2.05.
	  	 Consolidation, Merger, Sale or Lease of Assets by the Company
	  	 	11	  
			
	 Section 2.06.
	  	 Events Of Default
	  	 	11	  
			
	 Section 2.07.
	  	 Satisfaction And Discharge; Defeasance
	  	 	12	  
			
	 Section 2.08.
	  	 Supplemental Indentures
	  	 	12	  
			
	 Section 2.09.
	  	 Sinking Funds
	  	 	12	  
		
	 ARTICLE 3 THE NOTES
	  	 	12	  
			
	 Section 3.01.
	  	 Designation of Notes
	  	 	12	  
			
	 Section 3.02.
	  	 Ranking; Senior Securities
	  	 	12	  
			
	 Section 3.03.
	  	 Amount
	  	 	12	  
			
	 Section 3.04.
	  	 Stated Maturity
	  	 	12	  
			
	 Section 3.05.
	  	 Interest
	  	 	12	  
			
	 Section 3.06.
	  	 Denomination; Currency; Payment
	  	 	13	  
			
	 Section 3.07.
	  	 Form of Notes
	  	 	13	  
			
	 Section 3.08.
	  	 Transfer and Exchange
	  	 	14	  
			
	 Section 3.09.
	  	 CUSIP and ISIN Numbers
	  	 	26	  
		
	 ARTICLE 4 CONSOLIDATION, MERGER, SALE OR
LEASE OF ASSETS
	  	 	27	  
			
	 Section 4.01.
	  	 Consolidation, Merger, Sale or Lease of Assets by the Company
	  	 	27	  
		
	 ARTICLE 5 REPORTING OBLIGATIONS
	  	 	28	  
			
	 Section 5.01.
	  	 Reporting Obligations
	  	 	28	  
			
	 Section 5.02.
	  	 144A Information
	  	 	28	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	PAGE	 
			
	 Section 5.03.
	  	Additional Interest	  	 	28	  
			
	 Section 5.04.
	  	Compliance with Trust Indenture Act	  	 	29	  
			
	 Section 5.05.
	  	Reports to Trustee	  	 	30	  
		
	 ARTICLE 6 REDEMPTION OF NOTES
	  	 	30	  
			
	 Section 6.01.
	  	Optional Redemption	  	 	30	  
			
	 Section 6.02.
	  	Election to Redeem; Notice to Trustee	  	 	30	  
			
	 Section 6.03.
	  	Selection by Trustee of Notes to Be Redeemed	  	 	30	  
			
	 Section 6.04.
	  	Notice of Redemption	  	 	31	  
			
	 Section 6.05.
	  	Deposit of Redemption Price	  	 	32	  
			
	 Section 6.06.
	  	Notes Payable on Redemption Date	  	 	32	  
			
	 Section 6.07.
	  	Notes Redeemed in Part	  	 	33	  
		
	 ARTICLE 7 DEFAULTS AND REMEDIES
	  	 	33	  
			
	 Section 7.01.
	  	Events of Default	  	 	33	  
			
	 Section 7.02.
	  	Waiver of Past Defaults	  	 	34	  
			
	 Section 7.03.
	  	Limitation on Suits	  	 	35	  
			
	 Section 7.04.
	  	Rights of Holders to Receive Payment	  	 	35	  
			
	 Section 7.05.
	  	Sole Remedy for Failure to Report	  	 	36	  
		
	 ARTICLE 8 DISCHARGE OF INDENTURE
	  	 	37	  
			
	 Section 8.01.
	  	Satisfaction and Discharge of this Indenture	  	 	37	  
			
	 Section 8.02.
	  	Application of Trust Money	  	 	37	  
			
	 Section 8.03.
	  	Repayment to Company	  	 	37	  
			
	 Section 8.04.
	  	Reinstatement	  	 	38	  
			
	 Section 8.05.
	  	Officers’ Certificate; Opinion of Counsel	  	 	38	  
		
	 ARTICLE 9 AMENDMENTS
	  	 	38	  
			
	 Section 9.01.
	  	Without Consent of Holders	  	 	38	  
			
	 Section 9.02.
	  	With Consent of Holders	  	 	39	  
			
	 Section 9.03.
	  	Payments for Consents	  	 	40	  
		
	 ARTICLE 10 PURCHASE AT THE OPTION OF
HOLDERS
	  	 	41	  
			
	 Section 10.01.
	  	Purchase of Notes at the Option of the Holder	  	 	41	  
			
	 Section 10.02.
	  	Further Conditions and Procedures for Purchase of Notes at the Option of the Holder	  	 	42	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	PAGE	 
		
	ARTICLE 11 FUNDAMENTAL CHANGE PURCHASE RIGHT	  	 	45	  
			
	 Section 11.01.
	  	Fundamental Change Permits Holders To Require The Company To Repurchase the Notes	  	 	45	  
			
	 Section 11.02.
	  	Fundamental Change Notice	  	 	46	  
			
	 Section 11.03.
	  	Fundamental Change Repurchase Notice	  	 	47	  
			
	 Section 11.04.
	  	Withdrawal of Fundamental Change Repurchase Notice	  	 	48	  
			
	 Section 11.05.
	  	Effect of Fundamental Change Repurchase Notice	  	 	49	  
			
	 Section 11.06.
	  	Notes Repurchased in Part	  	 	49	  
			
	 Section 11.07.
	  	Covenant to Comply with Securities Laws upon Repurchase of Notes	  	 	50	  
			
	 Section 11.08.
	  	Deposit of Fundamental Change Repurchase Price	  	 	50	  
			
	 Section 11.09.
	  	Covenant Not to Repurchase Notes upon Certain Events of Default	  	 	50	  
		
	ARTICLE 12 CONVERSION	  	 	51	  
			
	 Section 12.01.
	  	Conversion of Notes	  	 	51	  
			
	 Section 12.02.
	  	Conversion Procedure; Settlement Upon Conversion	  	 	53	  
			
	 Section 12.03.
	  	Adjustments to Conversion Rate	  	 	57	  
			
	 Section 12.04.
	  	Make-Whole Payment in Connection with a Voluntary Conversion	  	 	66	  
			
	 Section 12.05.
	  	Adjustment to Shares Delivered upon Conversion upon a Fundamental Change	  	 	66	  
			
	 Section 12.06.
	  	Effect of Recapitalizations, Reclassifications, and Changes of Ordinary Shares	  	 	68	  
			
	 Section 12.07.
	  	Responsibility of Trustee	  	 	69	  
			
	 Section 12.08.
	  	Shareholder Rights Plan	  	 	70	  
			
	 Section 12.09.
	  	No Stockholder Rights	  	 	70	  
			
	 Section 12.10.
	  	Certain Events that Will Not Result in Adjustment	  	 	70	  
			
	 Section 12.11.
	  	Voluntary Increases	  	 	71	  
			
	 Section 12.12.
	  	Withholding Taxes for Adjustments in Conversion Rate	  	 	71	  

  
 -iii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	PAGE	 
		
	ARTICLE 13 MISCELLANEOUS	  	 	71	  
			
	 Section 13.01.
	  	Integral Part	  	 	71	  
			
	 Section 13.02.
	  	Adoption, Ratification And Confirmation	  	 	71	  
			
	 Section 13.03.
	  	Incorporation Of Trust Indenture Act	  	 	71	  
			
	 Section 13.04.
	  	Trust Indenture Act Controls	  	 	71	  
			
	 Section 13.05.
	  	Communication by Holders With Other Holders	  	 	71	  
			
	 Section 13.06.
	  	Rules by Trustee, Paying Agent, Conversion Agent and Registrar	  	 	72	  
			
	 Section 13.07.
	  	Governing Law	  	 	72	  
			
	 Section 13.08.
	  	No Recourse Against Others	  	 	72	  
			
	 Section 13.09.
	  	Acceptance by Trustee	  	 	72	  
			
	 Section 13.10.
	  	Table of Contents; Headings	  	 	72	  
			
	 Section 13.11.
	  	Severability Clause	  	 	72	  
			
	 Section 13.12.
	  	Multiple Originals	  	 	72	  
			
	 Section 13.13.
	  	Calculations	  	 	72	  

  

			
	EXHIBIT A	  	FORM OF NOTE
	EXHIBIT B	  	FORM OF CERTIFICATE OF TRANSFER
	EXHIBIT C	  	FORM OF CERTIFICATE OF EXCHANGE
	EXHIBIT D	  	FORM OF CERTIFICATE FROM ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
	EXHIBIT E	  	SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE
	EXHIBIT F	  	FORM OF CONVERSION NOTICE
	EXHIBIT G	  	FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE
	EXHIBIT H	  	FORM OF PURCHASE NOTICE

  
 -iv-

 FIRST SUPPLEMENTAL INDENTURE dated as of July 16, 2013, between Vantage Drilling
Company, a Cayman Islands exempted company (the “Company”), and Wells Fargo Bank National Association, as Trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Company’s 5.50 % Convertible Senior Notes due 2043 (the
“Notes”) on the date hereof. 
 RECITALS OF THE COMPANY 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of July 16, 2013 (the “Base
Indenture”), providing for the issuance from time to time of its debt securities in one or more series; 
 WHEREAS,
Section 9.01 of the Base Indenture provides that the Company and the Trustee may from time to time enter into one or more indentures supplemental thereto to establish the form or terms of Securities of any series as permitted by
Section 2.02 thereof; 
 WHEREAS, for its lawful corporate purposes, the Company has duly authorized the issuance of its
5.50% Convertible Senior Notes due 2043, in an initial aggregate principal amount of $100,000,000; 
 WHEREAS, the Company
proposes by this First Supplemental Indenture to supplement and amend the Base Indenture to provide for the form, terms and other provisions of the Notes as a separate series of Securities to be issued under the Indenture, and to supplement and
amend the Base Indenture to provide for provisions that apply only to the Notes (and not to any other series of Securities); 

WHEREAS, all acts and things necessary to duly authorize and reserve for issuance Ordinary Shares issuable upon the conversion of the
Notes have been done and performed; and 
 WHEREAS, all acts and things necessary to make the Notes, when executed by the
Company and authenticated and delivered by the Trustee, the valid, binding and legal obligations of the Company, and to constitute this First Supplemental Indenture a valid and legally binding agreement of the Company, have been done and performed,
and the execution of this First Supplemental Indenture and the issuance of the Notes have in all respects been duly authorized; 

NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH: 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Notes: 
 ARTICLE 1 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 Section 1.01. Definitions. For all
purposes of the Base Indenture and this First Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (i) the terms defined in this Article 1 have the meanings assigned to them with respect to the Notes in this Article and include the plural as well as the singular; 

 (ii) any term that is defined in both the Base Indenture and this First
Supplemental Indenture shall have the meanings assigned to such term in this First Supplemental Indenture except that the term “Stated Maturity” shall have the meaning assigned to it in this Article 1 for purposes of this First
Supplemental Indenture, but for purposes of the Base Indenture shall have the meaning assigned to it therein, and any rule of construction specified in both the Base Indenture and this First Supplemental Indenture shall have the use assigned to such
rule in this First Supplemental Indenture; 
 (iii) any capitalized term that is used in this First Supplemental
Indenture but not defined herein shall have the meaning specified in the Base Indenture, and any rule of construction specified in the Base Indenture but not specified in this First Supplemental Indenture shall have the use herein as provided for in
the Base Indenture; 
 (iv) all other terms used herein that are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein; and 
 (v) as used in this First
Supplemental Indenture, the words “herein,” “hereof’ and “hereunder” and other words of similar import refer to this First Supplemental Indenture as a whole and not to any particular Article, Section or other
subdivision and references to Articles, Sections or other subdivisions refer to this First Supplemental Indenture unless otherwise specified. 
 “144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of,
and registered in the name of, DTC or a nominee of DTC that shall be issued in accordance with Sections 3.07 and 3.08 hereof in a denomination equal to the outstanding principal amount of the Notes sold for initial resale in reliance on Rule 144A.

 “Agent” means any Registrar, Paying Agent, Service Agent or Conversion Agent. 

“Applicable Procedures” means, with respect to any transfer, redemption or exchange of or for beneficial interests in
any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer, redemption or exchange. 
 “Beneficial Owner” shall mean any Person who is considered a beneficial owner of a security in accordance with Rule 13d-3 promulgated by the SEC under the Exchange Act. 

“Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in The City of New York
are authorized or required by law to close or be closed. 
 “Capital Stock” of any Person means any and all
shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock, but excluding any debt securities convertible into such
equity. 

  
 2 

 “Clearstream” means Clearstream Banking, S.A. 

“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 to (1) vote in the
election of directors of such Person or (2) if such Person is not a corporation, 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.

 “Conversion Agent” means the office or agency appointed by the Company where Notes may be presented for
conversion. The Conversion Agent appointed by the Company shall initially be the Trustee. 
 “Conversion Price”
means, at any time, a dollar amount (initially approximately $2.39) equal to $1,000 divided by the Conversion Rate at such time, rounded to the nearest cent. 
 “Conversion Rate” means, in respect of each $1,000 principal amount of Notes, 418.6289 Ordinary Shares, subject to adjustments as set forth herein. 

“Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

 “Daily Conversion Value” means, for each of the 20 consecutive Trading Days during the applicable
Observation Period, 5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day. 
 “Daily Measurement Value” means the Specified Dollar Amount (if any), divided by 20. 
 “Daily Settlement Amount” means, for each of the 20 consecutive Trading Days during the Observation Period: 
 (a) cash in an amount equal to the lesser of (i) the Daily Measurement Value and (ii) the Daily Conversion Value on such Trading Day; and 

(b) if the Daily Conversion Value on such Trading Day exceeds the applicable Daily Measurement Value, a number of Ordinary Shares equal
to (i) the difference between such Daily Conversion Value and such Daily Measurement Value, divided by (ii) the Daily VWAP for such Trading Day. 
 “Daily VWAP” means, for each of the 20 consecutive Trading Days during the applicable Observation Period, the per share volume-weighted average price as displayed under the heading
“Bloomberg VWAP” on Bloomberg page “VTG <EQUITY> VWAP” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the
primary trading session on such 

  
 3 

 
Trading Day (or if such volume-weighted average price is unavailable, the market value of one Ordinary Share on such Trading Day determined, using a volume-weighted average method, by a
nationally recognized independent investment banking firm retained for this purpose by the Company). The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading
session trading hours. 
 “Default” means any event which is, or after notice or passage of time or both would
be, an Event of Default. 
 “Defaulted Amounts” means any amounts on any Note (including, without limitation,
the Redemption Price, the Fundamental Change Repurchase Price, principal and interest) that are payable by the Company but have not been paid. 
 “Definitive Notes” mean certificated Notes substantially in the form of Exhibit A hereto registered in the names of the holders thereof, except that such Notes shall not bear the Global
Note Legend and shall not have the “Schedule of Increases or Decreases in Global Note” attached thereto, issued in accordance with Sections 3.07 and 3.08 hereof. 
 “Depositary” or “DTC” means The Depository Trust Company, its nominees and their respective successors and assigns, or such other Depository institution hereinafter
appointed by the Company pursuant to the terms of the Indenture. 
 “Euroclear” means Euroclear Bank,
S.A./N.V., as operator of the Euroclear system. 
 “Ex-Dividend Date” means, in respect of an issuance, a
dividend or distribution to holders of Ordinary Shares, the first date on which Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in
question. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder. 
 “Fair Market Value” means the amount that a willing buyer
would pay a willing seller in an arm’s length transaction. 
 “Free Trade Date” means the date that is one
year after the Issue Date. 
 “Freely Tradable” means, with respect to the Notes or any Ordinary Shares
issuable upon conversion of the Notes, that such Notes or Ordinary Shares, as the case may be, are eligible to be offered, sold or otherwise transferred pursuant to Rule 144 or otherwise pursuant to U.S. securities laws by a Person that is not an
affiliate (as defined in Rule 144) of the Company and that has not been an affiliate (as defined in Rule 144) of the Company during the three immediately preceding months without any volume or manner of sale restrictions. 

“Fundamental Change” means an event that will be deemed to occur if any of the following occurs: 

(i) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than the
Company, its Subsidiaries, and the Company and its Subsidiaries’ employee benefit plans files a Schedule TO or any schedule, form or report under the Exchange Act disclosing, or the Company otherwise become aware that, such person or group has
become the direct or indirect Beneficial Owner of shares of the Company’s Common Equity representing more than 50% of the voting power of the Company’s Common Equity; 

  
 4 

 (ii) the consummation of: 

(A) any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all
of the consolidated assets of the Company and its Subsidiaries, taken as a whole, to any person or persons (other than one of the Company’s Subsidiaries); or 

(B) any transaction or series of related transactions in connection with which (whether by means of exchange,
liquidation, consolidation, merger, combination, reclassification, recapitalization, acquisition or otherwise) all of the Ordinary Shares are exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities,
other property, assets or cash, but excluding any merger, consolidation, share exchange or acquisition of the Company with or by another person pursuant to which the Beneficial Owners, directly or indirectly, of the shares of the Company’s
Common Equity immediately prior to such transaction are the Beneficial Owners, directly or indirectly, immediately after such transaction, of the shares of the surviving, continuing or acquiring corporation’s Company Equity representing more
than 50% of the total outstanding voting power of all outstanding classes of Common Equity of the surviving, continuing or acquiring corporation in substantially the same proportions (relative to each other) as immediately prior to such transaction;

 (iii) the Company’s stockholders approve any plan or proposal for the liquidation or dissolution of the
Company; or 
 (iv) the Ordinary Shares (or other common stock or depositary shares or receipts in respect
thereof into which the Notes are then convertible) ceases to be listed or quoted on any of the NYSE MKT, the New York Stock Exchange, the NASDAQ Global Market or the NASDAQ Global Select Market (or any of their respective successors). 

An event, transaction or series of related transactions described in clause (ii) above will not constitute a Fundamental Change,
however, if at least 90% of the consideration received or to be received by the holders of the Ordinary Shares, excluding cash payments for fractional shares or dissenters rights in connection with the transaction or transactions, consists of
ordinary shares or common stock traded on any of the NYSE MKT, the New York Stock Exchange, the NASDAQ Global Market or the NASDAQ Global Select Market (or any of their respective successors) or which will be so traded or quoted when issued or
exchanged in connection with 

  
 5 

 
such event, transaction or series of related transactions and as a result of such event, transaction or series of related transactions, the Notes become convertible or exchangeable into such
consideration (excluding cash payments for fractional shares or dissenters rights) as described in Section 12.06 hereof. For the purposes of this definition of “Fundamental Change,” any event, transaction or series of related
transactions that constitutes a Fundamental Change under both clause (i) and clause (ii) above will be deemed to constitute a Fundamental Change solely under clause (ii) of this definition of “Fundamental Change.”

 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the
(i) Public Company Accounting Oversight Board, (ii) statements and pronouncements of the Financial Accounting Standards Board, (iii) in such other statements by such other entity as may be approved by a significant segment of the
accounting profession as in effect from time to time and (iv) the rules and regulations of the SEC governing to inclusion of financial statements in period reports required to be filed pursuant to Section 13 of the Exchange Act, including
opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC. 

“Global Note Legend” means the legend set forth in Section 3.08(f)(ii) hereof, which is required to be placed on
all Global Notes issued under this Indenture. 
 “Global Notes” means Notes in global form, substantially in
the form of Exhibit A hereto bearing the Global Note Legend and that has the “Schedule of Increases or Decreases in Global Note” attached thereto, deposited with or on behalf of, and registered in the name of, DTC or a nominee of DTC, and
issued in accordance with Sections 3.07 and 3.08 hereof. 
 “IAI” means an institution that is an
“accredited investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and is not a QIB. 
 “Indenture” means the Base Indenture, as amended and supplemented by this First Supplemental Indenture and, if further amended or supplemented as herein provided, as so amended and
supplemented. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through
a Participant. 
 “Initial Purchaser” means Jefferies LLC. 

“interest” means, when used with reference to the Notes, any interest payable under the terms of the Notes. 

“Interest Payment Date” has the meaning set forth in Exhibit A attached hereto. 

“Issue Date” means July 16, 2013. 
 “Last Reported Sale Price” of the Ordinary Shares on any Trading Day means the closing sale price per share (or if no closing sale price is reported, the average of the bid and ask prices
or, if more than one, the average of the average bid and the average ask prices) on that day as reported on the New York Stock Exchange or other principal U.S. securities exchange on 

  
 6 

 
which the Ordinary Shares are traded. If the Ordinary Shares are not listed for trading on a United States national or regional securities exchange on the Relevant Date, the “Last Reported
Sale Price” of the Ordinary Shares will be the last quoted bid price per share for the Ordinary Shares in the over-the-counter market on the Relevant Date as reported by the Pink OTC Markets Inc. or similar organization selected by the Company.
If the Ordinary Shares are not so quoted, the “Last Reported Sale Price” of the Ordinary Shares will be as determined by a U.S. nationally recognized securities dealer retained by the Company for that purpose. The “Last Reported
Sale Price” of the Ordinary Shares will be determined without reference to extended or after hours trading. 

“Market Disruption Event” means (i) a failure by the principal United States national or regional securities
exchange or market on which the Ordinary Shares are listed or admitted to trading to open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading
Day for the Ordinary Shares for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock
exchange or otherwise) in the Ordinary Shares or in any options contracts or future contracts relating to the Ordinary Shares. 

“Notes” has the meaning ascribed to it in the second introductory paragraph of this First Supplemental Indenture.

 “Observation Period” with respect to any Note surrendered for conversion means: (a) subject to the
immediately succeeding clause (b), if the relevant Conversion Date occurs prior to the 25th Scheduled Trading Day immediately preceding the Stated Maturity, the 20 consecutive Trading Day period beginning on, and including, the third Trading Day
after such Conversion Date; (b) if the relevant Conversion Date occurs on or after the date of the Company’s issuance of a Redemption Notice and prior to the relevant Redemption Date, the 20 consecutive Trading Days beginning on, and
including, the 22nd Scheduled Trading Day immediately preceding such Redemption Date; and (c) if the relevant Conversion Date occurs on or after the 25th Scheduled Trading Day immediately preceding the Stated Maturity, the 20 consecutive
Trading Days beginning on, and including, the 22nd Scheduled Trading Day immediately preceding the Stated Maturity. 

“Offering Memorandum” means the final offering memorandum, dated July 11, 2013, relating to the offering by the
Company of the Notes. 
 “Ordinary Shares” means the Company’s ordinary shares, par value $0.001 per
share. 
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an
account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 
 “Private Placement Legend” means the legend set forth in Section 3.08(f)(i) hereof to be placed on all Notes issued under this Indenture except as otherwise permitted by the
provisions of this Indenture. 
 “QIB” means a “qualified institutional buyer” as defined in Rule
144A. 

  
 7 

 “Redemption Date” means, with respect to any redemption of Notes, the date
of redemption with respect thereto. 
 “Regular Record Date” for the payment of interest on the Notes, means
the January 1 (whether or not a Business Day) immediately preceding an Interest Payment Date on January 15 and July 1 (whether or not a Business Day) immediately preceding an Interest Payment Date on July 15. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as
appropriate. 
 “Regulation S Permanent Global Note” means a permanent Global Note in the form of Exhibit A
hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, DTC or a nominee of DTC, issued in a denomination equal to the outstanding principal amount of the Regulation S
Temporary Global Note upon expiration of the Restricted Period. 
 “Regulation S Temporary Global Note” means a
temporary Global Note in the form of Exhibit A hereto and bearing the legend referred to in Section 3.08(f)(iii) hereof deposited with or on behalf of, and registered in the name of, DTC or a nominee of the DTC, issued in a denomination equal
to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S. 
 “Restricted
Definitive Note” means a Definitive Note bearing the Private Placement Legend. 
 “Restricted Global
Note” means a Global Note bearing the Private Placement Legend. 
 “Restricted Period” means the
six-month distribution compliance period as defined in Regulation S. 
 “Rule 144” means Rule 144 promulgated
under the Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the principal U.S. national or regional
securities exchange or market on which the Ordinary Shares are listed or admitted for trading. If the Ordinary Shares are not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day. 

“SEC” means the United States Securities and Exchange Commission. 

  
 8 

 “Securities Custodian” means the custodian with respect to the Global Note
(as appointed by DTC), or any successor Person thereto and shall initially be the Trustee. 
 “Settlement
Method” means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected pursuant to Section 12.02(a)(iii) hereof) by the Company. 

“Share Price” means, with respect to any Fundamental Change, (i) if the holders of Ordinary Shares receive only
cash in consideration for their Ordinary Shares in such Fundamental Change and such Fundamental Change is of the type described in clause (ii) of the definition of Fundamental Change, the amount of cash paid per Ordinary Share in such
Fundamental Change, and (ii) otherwise, the average of the Last Reported Sale Price of the Ordinary Shares over the ten consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Fundamental Change
Effective Date for such Fundamental Change. 
 “Significant Subsidiary” means any Subsidiary that would be a
“Significant Subsidiary” of the Company within the meaning of Rule 1-02(w) under Regulation S-X promulgated by the SEC, as in effect as of the Issue Date. 
 “Specified Dollar Amount” means, with respect to any Notes to be converted hereunder, the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion of such
Notes as specified by the Company in the applicable Settlement Notice. 
 “Stated Maturity” means July 15,
2043. 
 “Trading Day” means, with respect to Ordinary Shares or the relevant security, a day during which
(i) there is no Market Disruption Event and (ii) trading in the Ordinary Shares generally occurs on the NYSE MKT or, if the Ordinary Shares are not then listed on the NYSE MKT, on the principal other U.S. national or regional securities
exchange on which the Ordinary Shares are then listed or, if the Ordinary Shares are not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Ordinary Shares are then listed or admitted for
trading. If the Ordinary Shares are not so listed or admitted for trading, “Trading Day” means a Business Day. 

“Trust Officer” means, when used with respect to the Trustee, the officer within the corporate trust department of the
Trustee having direct responsibility for the administration of the Indenture. 
 “VWAP” of Ordinary Shares on
any Trading Day means such price as is displayed on Bloomberg page “VTG <EQUITY> VWAP” (or its equivalent successor service or page if such service or page is not available) in respect of the period from 9:30 a.m. to 4:00 p.m.,
New York City time, on such Trading Day; or, if such price is not available, the market value of one Ordinary Share on such Trading Day determined, using a volume-weighted average method, by a U.S. nationally recognized securities dealer
retained by the Company for that purpose. 

  
 9 

 Section 1.02. Other Definitions. 

 

			
	 Term
	  	Defined in
Section
	 “Additional Interest”
	  	  5.03(a)
	 “Additional Notes”
	  	  3.03
	 “Cash Settlement”
	  	12.02(a)
	 “Combination Settlement”
	  	12.02(a)
	 “Company Notice”
	  	10.02(a)
	 “Company Notice Date”
	  	10.02(a)
	 “Conversion Date”
	  	12.01(c)
	 “Conversion Obligation”
	  	12.02(a)
	 “EDGAR”
	  	  5.01
	 “Event of Default”
	  	  7.01
	 “Expiration Date”
	  	12.03(f)
	 “Expiration Time”
	  	12.03(f)
	 “Extension Fee”
	  	  7.05(a)
	 “Fundamental Change Effective Date”
	  	12.05(b)
	 “Fundamental Change Notice”
	  	11.02(a)
	 “Fundamental Change Notice Date”
	  	11.02(a)
	 “Fundamental Change Repurchase Date”
	  	11.01(c)
	 “Fundamental Change Repurchase Notice”
	  	11.03(a)(i)
	 “Fundamental Change Repurchase Price”
	  	11.01(b)
	 “Initial Notes”
	  	  3.03
	 “Notice of Conversion”
	  	12.02(b)
	 “Physical Settlement”
	  	12.02(a)
	 “Public Spin-Off”
	  	12.03(d)
	 “Purchase Date”
	  	10.01(a)
	 “Purchase Notice”
	  	10.01(a)(i)
	 “Purchase Price”
	  	10.01(a)
	 “Redemption Price”
	  	  6.01(b)
	 “Reference Property”
	  	12.06(a)
	 “Relevant Date”
	  	12.01(b)
	 “Reorganization Event”
	  	12.06(a)
	 “Reporting Event of Default”
	  	  7.05(a)
	 “Settlement Amount”
	  	12.02(a)(iv)
	 “Settlement Notice”
	  	12.02(a)(iii)
	 “Spin-Off”
	  	12.03(d)
	 “Successor”
	  	  4.01(a)(i)
	 “Trigger Event”
	  	12.03(d)
	 “unit”
	  	12.06(b)
	 “Voluntary Conversion Make-Whole Payment”
	  	12.04

 Section 1.03. Rules of Construction. Unless the context otherwise requires: 

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

  
 10 

 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (c) “or” is not exclusive; 
 (d) “including” means including without limitation; 
 (e) words in the
singular include the plural and words in the plural include the singular; 
 (f) the principal amount of any non-interest
bearing or other discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; and 

(g) unless the context otherwise requires, all references to payments of interest on the Notes will include any Additional Interest
payable pursuant to Section 5.03 hereof and any Extension Fee payable pursuant to Section 7.05 hereto. 
 ARTICLE 2

 AMENDMENTS TO THE BASE INDENTURE 

Section 2.01. Provisions Applicable Only to Notes. The provisions contained in this First Supplemental Indenture shall apply
to the Notes only and not to any other series of Securities issued under the Base Indenture and any covenants provided herein are expressly being included solely for the benefit of the Notes and not for the benefit of any other series of Securities
issued under the Base Indenture. These amendments shall be effective for so long as there remain any Notes outstanding. 

Section 2.02.Transfer and Exchange. Article 2.07 of the Base Indenture shall not apply to the Notes and shall be superseded
by Section 3.08 of this First Supplemental Indenture. 
 Section 2.03. Redemption. Article Three of the Base
Indenture shall not apply to the Notes, and shall be superseded by Article 6 of this First Supplemental Indenture. 

Section 2.04. Reports and Covenants. Sections 4.04 and 4.06 of the Base Indenture are superseded in their entirety by
Sections 5.01, 5.02 and 5.03 of this Supplemental Indenture. 
 Section 2.05. Consolidation, Merger, Sale or Lease of
Assets by the Company. Article Five of the Base Indenture shall be superseded in its entirety with Article 4 of this First Supplemental Indenture. 
 Section 2.06. Events Of Default. 
 (a) Article Six of the Base Indenture
shall be amended as set forth in Article 7 of this First Supplemental Indenture. 
 (b) Section 6.01(1) of the Base
Indenture shall be superseded in its entirety with Section 7.01(b) of this First Supplemental Indenture and Sections 6.01(2), (3) and (7) of the Base Indenture shall not apply to the Notes. 

  
 11 

 Section 2.07. Satisfaction And Discharge; Defeasance. Article Eight of the Base
Indenture shall be superseded in its entirety with Article 8 of this First Supplemental Indenture. 
 Section 2.08.
Supplemental Indentures. Article Nine of the Base Indenture shall be amended as set forth in Article 9 of this First Supplemental Indenture. 
 Section 2.09. Sinking Funds. Article Eleven of the Base Indenture shall not apply to the Notes. 
 ARTICLE 3 
 THE NOTES 

Section 3.01. Designation of Notes. This First Supplemental Indenture provides for a series of Securities titled
“5.50% Convertible Senior Notes due 2043” of the Company. 
 Section 3.02. Ranking; Senior Securities.
The Notes shall be the Company’s senior unsecured Securities. 
 Section 3.03. Amount. The Trustee shall
initially authenticate and deliver up to $100,000,000 aggregate principal amount of the Notes upon a Company Order for the authentication and delivery of Notes, without any further action by the Company. The Company may, without the consent of the
Holders of the Notes, upon a Company Order issue additional Notes (“Additional Notes”) under the Indenture with the same terms as the Notes initially issued as of the date of this First Supplemental Indenture (the “Initial
Notes”) in an unlimited principal amount, provided that if any such Additional Notes are not fungible with the Initial Notes issued under the Indenture for U.S. federal income tax purposes, such Additional Notes shall have a separate
CUSIP number, and such Additional Notes will have a different issue date and may have a different issue price. The Initial Notes and any Additional Notes will be treated as a single series of Securities for all purposes under the Indenture.

 Section 3.04. Stated Maturity. The Notes shall mature on July 15, 2043 unless earlier converted, redeemed or
repurchased in accordance with the provisions hereof. 
 Section 3.05. Interest. Interest on the Notes shall accrue
from the most recent date on which interest has been paid or if no interest has been paid, from July 16, 2013, until the principal thereof is paid or made available for payment. Interest shall be payable semiannually in arrears on
January 15 and July 15 in each year, commencing January 15, 2014. A Holder of any Note at 5:00 p.m., New York City time, on a Regular Record Date shall be entitled to receive interest, on such Note on the corresponding Interest
Payment Date, notwithstanding the conversion of such Notes at any time after 5:00 p.m., New York City time, on such Regular Record Date; provided, however, that at Stated Maturity, the Company will pay accrued interest to the Person to whom the
Company pays the principal amount, regardless of whether such Person is the Holder of record. Notes surrendered for conversion during the period after 5:00 

  
 12 

 
p.m., New York City time, on any Regular Record Date to 9:00 a.m., New York City time, on the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest
payable on such converted Notes. Notwithstanding the foregoing, no such payment of interest need be made by any converting Holder (a) if the Company has specified a Redemption Date or a Fundamental Change Repurchase Date that is after a Regular
Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date, (b) to the extent of any overdue interest existing at the time of conversion of such Note or (c) if the Notes are surrendered
for conversion after 5:00 p.m., New York City time, on the Regular Record Date immediately preceding a Purchase Date or the Stated Maturity and before 5:00 p.m., New York City time, on the Business Day immediately preceding a Purchase Date or the
Stated Maturity for the Notes. Except as described above, no interest on converted Notes will be payable by the Company on any Interest Payment Date subsequent to the date of conversion, and delivery of Ordinary Shares, cash or a combination of
Ordinary Shares and cash, if applicable, pursuant to Article 12 hereunder, together with any cash payment for any fractional share, upon conversion will be deemed to satisfy in full the Company’s obligation to pay the principal amount of (and
premium, if any, on) the Notes and accrued and unpaid interest to, but not including, the related Conversion Date. The Company shall pay interest upon any overdue principal and (to the extent that payment of such interest is enforceable under
applicable law) upon the overdue installments of accrued and unpaid interest at the rate borne by the Notes from the required payment date. 
 Section 3.06. Denomination; Currency; Payment. 
 (a) Each Note shall
be in the denomination of $2,000 and integral multiples of $1,000 in excess thereof. 
 (b) All obligations of the Company in
respect of principal, interest or any other amount owing shall be payable in United States dollars. 
 (c) Principal of, premium
(if any) and interest on, Global Notes shall be payable to DTC in immediately available funds. 
 (d) Principal of, and premium
(if any) and interest on, Definitive Notes shall be payable at the office or agency of the Company maintained for such purpose, which initially shall be the Corporate Trust Office of the Trustee. Interest on Definitive Notes will be payable
(i) to Holders having an aggregate principal amount of $5,000,000 or less, by check mailed to the Holders of such Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to such Holder
or, upon application by such Holder to the Registrar not later than the relevant Regular Record Date, by wire transfer in immediately available funds to such Holder’s account within the United States, which application shall remain in effect
until such Holder notifies, in writing, the Registrar to the contrary. 
 Section 3.07. Form of Notes. 

(a) Except as otherwise provided pursuant to this Section 3.07, the Notes are issuable without coupons in substantially the form of
Exhibit A hereto, with such applicable legends as are provided for in Section 3.08(f). The Notes are not issuable in bearer form. The 

  
 13 

 
terms and provisions contained in the form of Note shall constitute, and are hereby expressly made, a part of this First Supplemental Indenture and to the extent applicable, the Company and the
Trustee, by their execution and delivery of the Indenture, expressly agree to such terms and provisions and to be bound thereby. Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends and
endorsements as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of the Indenture, or as may be required to comply with any law or with any
rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, or to conform to usage. 

(b) The Notes shall be issued initially as Global Securities in the form of one or more permanent Global Notes, with the applicable
legends as provided in Section 3.08(f). Each Global Note shall be duly executed by the Company and authenticated and delivered by the Trustee, and shall be registered in the name of DTC, which shall act as Depositary for the Notes, or its
nominee and retained by the Trustee, as Securities Custodian, at its Corporate Trust Office, for credit to the accounts of the members of, or participants of, DTC holding the Notes evidenced thereby. The aggregate principal amount of the Global
Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as Securities Custodian, and of DTC or its nominee, as hereinafter provided. 

(c) Notes offered and sold in reliance on Regulation S will be issued initially in the form of the Regulation S Temporary Global Note,
which will be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depositary, and registered in the name of the Depositary or the nominee of the Depositary for the accounts of designated
agents holding on behalf of Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. 
 Following the termination of the Restricted Period, beneficial interests in the Regulation S Temporary Global Note will be exchanged for beneficial interests in the Regulation S Permanent Global Note
pursuant to the Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global Note, the Trustee will cancel the Regulation S Temporary Global Note. The aggregate principal amount of the Regulation S Temporary
Global Note and the Regulation S Permanent Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest
as hereinafter provided. 
 (d) The provisions of the “Operating Procedures of the Euroclear System” and “Terms
and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in the Regulation S
Temporary Global Note and the Regulation S Permanent Global Note that are held by Participants through Euroclear or Clearstream. 
 Section 3.08. Transfer and Exchange. 
 (a) Transfer and Exchange of
Global Notes. A Global Note may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of 

  
 14 

 
the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global
Notes will be exchanged by the Company for Definitive Notes if: 
 (i) the Company delivers to the Trustee notice
from the Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 90
days after the date of such notice from the Depositary; 
 (ii) the Company in its sole
discretion determines that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee; provided that in no event shall the Regulation S Temporary Global
Note be exchanged by the Company for Definitive Notes prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act; or 

(iii) there has occurred and is continuing a Default or Event of Default with respect to the Notes and the Registrar has
received a written request from the Depositary to issue Definitive Notes. 
 Upon the occurrence of either of the preceding events in
(i) or (ii) above, Definitive Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.08 and 2.11 of the Base
Indenture. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 3.08 or Section 2.08 or 2.11 of the Base Indenture, shall be authenticated and delivered in
the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this Section 3.08(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in
Section 3.08(b) or (c) hereof. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The
transfer and exchange of beneficial interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes will be
subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (i) or
(ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 
 (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial
interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in
the Regulation S Temporary Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this
Section 3.08(b)(i). 

  
 15 

 (ii) All Other Transfers and Exchanges of Beneficial Interests in Global
Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 3.08(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 
 (iii) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a
beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 
 (iv) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 

(B) both: 
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in
an amount equal to the beneficial interest to be transferred or exchanged; and 
 (ii) instructions given by the
Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in (i) above; 

provided that in no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Regulation
S Temporary Global Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903 under the Securities Act. 

Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes
or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 3.08(h) hereof. 

(iii) Transfer of Beneficial Interests in a Restricted Global Note to Another Restricted Global Note. A beneficial
interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 3.08(b)(ii) above
and the Registrar receives the following: 
 (A) if the transferee will take delivery in the form of a
beneficial interest in the 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

  
 16 

 (B) if the transferee will take delivery in the form of a beneficial
interest in the Regulation S Temporary Global Note or the Regulation S Permanent Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C) if the transferee will take delivery in the form of a beneficial interest in the IAI Global Note, then the transferor
must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 
 (i) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If in accordance with Section 3.08(a) a beneficial interest in a Restricted Global Note is to be exchanged
for a Restricted Definitive Note or transferred to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then, upon receipt by the Registrar of the following documentation: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest
for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item
(1) thereof; 
 (C) if such beneficial interest is being transferred to a Non-U.S. Person (as defined in
Rule 902(k) of Regulation S) in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption
from the registration requirements of the Securities Act other than those listed in subparagraphs (B) or (C) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and Opinion of
Counsel required by item (3) thereof, if applicable; 

  
 17 

 (F) if such beneficial interest is being transferred to the Company or any
of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 (G) if such beneficial interest is being transferred pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the
certifications in item (3)(c) thereof, 
 the Trustee shall cause the aggregate principal amount of the applicable Restricted Global Note
to be reduced accordingly pursuant to Section 3.08(h) hereof, and the Company shall execute and, upon receipt of an Company Order in accordance with Section 2.03 of the Base Indenture, the Trustee shall authenticate and deliver to the
Person designated in the instructions a Restricted Definitive Note in the appropriate principal amount. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 3.08(c)
shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect
Participant. The Trustee shall deliver such Restricted Definitive Notes to the Persons in whose names such Notes are so registered. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to
this Section 3.08(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
 (ii) Beneficial Interests in Regulation S Temporary Global Note to Definitive Notes. Notwithstanding Sections 3.08(c)(i)(A) and (C) hereof, a beneficial interest in the Regulation S Temporary
Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any
certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global
Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such
Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; 

  
 18 

 (B) if such Restricted Definitive Note is being transferred to a QIB a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person (as defined in Rule 902(k) of Regulation
S) in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements
of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such Restricted Definitive Note is being transferred to an Institutional Accredited Investor in reliance on an
exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) of this Section 3.08, a certificate to the effect set forth in Exhibit B hereto, including the certifications,
certificates and Opinion of Counsel required by item (3) thereof, if applicable; 
 (F) if such Restricted
Definitive Note is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the
Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
 the
Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A
Global Note, in the case of clause (C) above, the Regulation S Global Note, and in all other cases, the IAI Global Note. 

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such
Holder’s compliance with the provisions of this Section 3.08(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender
to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting
Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 3.08(e). 

(i) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be transferred
to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 
 (A) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

  
 19 

 (B) if the transfer will be made pursuant to Rule 903 or Rule 904, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
 (C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto,
including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 
 (f)
Legends. In lieu of the Global Security legend set forth in Section 2.14 of the Base Indenture, the following legends will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated
otherwise in the applicable provisions of this Indenture. 
 (i) Private Placement Legend. 

(A) Except as permitted by subparagraph (B) of this Section 3.08, each Global Note and each Definitive Note
(and all Notes issued in exchange therefor (together with any Ordinary Shares issued upon conversion of the Notes and required to bear the legend set forth in Section 3.08(f)) or substitution thereof) shall bear the legend in substantially the
following form: 
 “NEITHER THIS SECURITY NOR THE ORDINARY SHARES ISSUABLE UPON CONVERSION THEREOF HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR THE ORDINARY SHARES ISSUABLE UPON CONVERSION THEREOF (NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN) MAY BE
REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE
HEREOF (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A PROMULGATED UNDER THE SECURITIES ACT), (B) IT IS A NON-U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION
WITHIN THE MEANING OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH PURCHASE IS MADE, OR (C) IT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF
REGULATION D PROMULGATED UNDER THE SECURITIES ACT 

  
 20 

 
AND (2) AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF (INCLUDING THE LAST DATE OF ISSUANCE OF ADDITIONAL NOTES PURSUANT TO THE EXERCISE OF THE INITIAL PURCHASER’S OPTION TO PURCHASE ADDITIONAL NOTES) AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE
OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (I) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, (II) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A
“QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (III) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH
PURCHASE IS MADE, (IV) TO AN “INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE MEANING OF REGULATION D UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY AND THE ORDINARY SHARES ISSUABLE UPON CONVERSION THEREOF FOR ITS OWN ACCOUNT, OR
FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (V) PURSUANT TO A REGISTRATION STATEMENT
WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, OR (VI) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S, OR REGISTRAR’S, AS
APPLICABLE, RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (IV) OR (VI) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND IN EACH OF THE FOREGOING CASES, A
CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE OR REGISTRAR. IN ANY CASE, THE HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING
TRANSACTION WITH REGARD TO THE SECURITIES EXCEPT AS PERMITTED UNDER THE SECURITIES ACT. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.” 

(ii) Global Note Legend. Each Global Note will bear a legend in substantially the following form: 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.08 OF THE FIRST SUPPLEMENTAL INDENTURE,
(2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.08(a) OF THE FIRST SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION SECTION 3.08(g) OF
THE FIRST SUPPLEMENTAL INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

  
 21 

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

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO IN THE TERMS OF NOTES ATTACHED HERETO.” 

(iii) Regulation S Temporary Global Note Legend. The Regulation S Temporary Global Note will bear a Legend in
substantially the following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS
AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE NOTES, ARE AS SPECIFIED IN THIS INDENTURE (AS DEFINED HEREIN).” 
 (iv) Definitive Note Legend. Definitive Notes will bear a legend substantially in the following form: 
 “THIS NOTE WILL NOT BE ACCEPTED IN EXCHANGE FOR A BENEFICIAL INTEREST IN A GLOBAL NOTE UNLESS THE HOLDER OF THIS NOTE, SUBSEQUENT TO SUCH EXCHANGE, WILL HOLD NO NOTES.” 

  
 22 

 (g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial
interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the
Trustee in accordance with Section 2.12 of the Base Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a
beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at
the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global
Note will be increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(h) General Provisions Relating to Transfers and Exchanges. 

(i) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global
Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.03 of the Base Indenture or at the Registrar’s request. 

(ii) No service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive
Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar
governmental charge payable upon exchange or transfer pursuant to Sections 2.08, 2.11, 3.06 and 9.05 of the Base Indenture). 
 (iii) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part.

 (iv) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global
Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or
exchange. 
 (v) Neither the Registrar nor the Company will be required: 

(A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business
15 days before the day of any selection of Notes for redemption under this Indenture and ending at the Close of Business on the date of selection; 

  
 23 

 (B) to register the transfer of or to exchange any Note selected for
redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part; or 
 (C) to
register the transfer of or to exchange a Note between a record date (including an Interest Record Date) and the next succeeding Interest Payment Date. 
 (vi) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute
owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 

(vii) The Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of
Section 2.03 of the Base Indenture. 
 (viii) All certifications, certificates and Opinions of Counsel
required to be submitted to the Registrar pursuant to this Section 3.08 to effect a registration of transfer or exchange may be submitted by facsimile or portable document format (“pdf”). 

(i) Any Note or Ordinary Shares issued upon the conversion or exchange of a Note that is purchased or owned by the Company or any
Affiliate thereof may not be resold by the Company or such Affiliate unless registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction that results in such Notes
or Ordinary Shares, as the case may be, no longer being “restricted securities” (as defined under Rule 144). 
 (j)
Notwithstanding any provision of this Section 3.08 to the contrary, in the event Rule 144 as promulgated under the Securities Act (or any successor rule) is amended to change the one-year holding period thereunder (or the corresponding period
under any successor rule), from and after receipt by the Trustee of the Officers’ Certificate and Opinion of Counsel provided for in this Section 3.08(j), (i) each reference in the restrictive legend set forth in paragraph (f) to
“ONE YEAR” shall be deemed for all purposes hereof to be references to such changed period and (ii) all corresponding references in the Notes (including the definition of Resale Restriction Termination Date) and the restrictive
legends thereon shall be deemed for all purposes hereof to be references to such changed period, provided that such changes shall not become effective if they are otherwise prohibited by, or would otherwise cause a violation of, the then-applicable
Federal securities laws. The provisions of this Section 3.08(j) will not be effective until such time as the Opinion of Counsel and Officers’ Certificate have been received by the Trustee hereunder. This Section 3.08(j) shall apply to
successive amendments to Rule 144 (or any successor rule) changing the holding period thereunder. 

  
 24 

 (k) Until the Resale Restriction Termination Date, any stock certificate representing
Ordinary Shares issued upon conversion of such Note shall bear a legend in substantially the following form (unless the Note or such Ordinary Shares has been transferred pursuant to a registration statement that has become or been declared effective
under the Securities Act and that continues to be effective at the time of such transfer or pursuant to the exemption from registration provided by Rule 144 under the Securities Act or any similar provision then in force under the Securities Act, or
such Ordinary Shares have been issued upon conversion of Notes that have been transferred pursuant to a registration statement that has become or been declared effective under the Securities Act and that continues to be effective at the time of such
transfer or pursuant to the exemption from registration provided by Rule 144 under the Securities Act, or unless otherwise agreed by the Company with written notice thereof to the Trustee and any transfer agent for the Ordinary Shares): 

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION
IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A PROMULGATED UNDER THE SECURITIES ACT),
(B) IT IS A NON-U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH
PURCHASE IS MADE, OR (C) IT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF REGULATION D PROMULGATED UNDER THE SECURITIES ACT, AND (2) AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, ONLY (I) TO THE COMPANY OR
ANY OF ITS SUBSIDIARIES, (II) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (III) TO THE EXTENT THE COMMON STOCK IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A
“QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHICH NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (IV) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH THE LAWS APPLICABLE TO IT IN THE JURISDICTION IN WHICH SUCH
PURCHASE IS MADE, (V) TO AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF REGULATION D UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN ACCREDITED INVESTOR, FOR INVESTMENT
PURPOSES AND NOT WITH A VIEW TO, OR 

  
 25 

 
FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION THAT IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR
IN A TRANSACTION THAT IS NOT SUBJECT TO SUCH REGISTRATION REQUIREMENTS, OR (VI) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRANSFER AGENT’S RIGHT PRIOR
TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (III), (IV), (V), OR (VI) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND IN EACH OF THE FOREGOING CASES, A
CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRANSFER AGENT.” 
 Any such Ordinary Shares as to which such restrictions on transfer shall have expired in accordance with their terms may, upon surrender of the certificates representing such Ordinary Shares for exchange
in accordance with the procedures of the transfer agent for the Ordinary Shares, be exchanged for a new certificate or certificates for a like aggregate number of Ordinary Shares, which shall not bear the restrictive legend required by this
Section 3.08(k). 
 (l) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with
any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any
Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 
 (m) The Trustee shall have no responsibility for any
actions taken or not taken by the Depositary. 
 (n) Notwithstanding any reference herein to any “registration
statement” with respect to the Notes or any Ordinary Shares issued upon conversion of the Notes, any such reference shall not be deemed to obligate the Company to prepare, execute or file any registration statement for purposes of registering
the Notes or Ordinary Shares issued upon conversion of the Notes under the Securities Act. 
 Section 3.09. CUSIP and
ISIN Numbers. The Company in issuing the Notes may use “CUSIP” and “ISIN” numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP” and “ISIN” numbers in notices of redemption as a
convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption and that reliance may be
placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such CUSIP or ISIN numbers. The Company shall promptly notify the Trustee in writing of any change in
the CUSIP and ISIN numbers. 

  
 26 

 ARTICLE 4 
 CONSOLIDATION, MERGER, SALE OR LEASE OF ASSETS 

Section 4.01. Consolidation, Merger, Sale or Lease of Assets by the Company. 

(a) The Company will not, in a single transaction or a series of transactions, consolidate or merge or combine with or into any other
Person, or sell, assign, convey, transfer, lease or dispose of all or substantially all of the assets of the Company and its Subsidiaries (taken as a whole), in a single transaction or a series of related transactions, to any other Person,
unless: 
 (i) either (A) the Company will be the surviving or continuing corporation, or (B) the
Person formed by or surviving such consolidation or merger (if not the Company) or to which such sale, assignments, lease, conveyance, transfer or other disposition shall be made (collectively, the “Successor”) is a corporation
organized and validly existing under the laws of the Cayman Islands, the United States of America or any state thereof, or any other similar jurisdiction so long as neither the laws of any such jurisdiction nor any such transaction would adversely
affect the Holders, and the Successor expressly assumes, by a supplemental indenture hereto in form and substance reasonably satisfactory to the Trustee, all of the Obligations of the Company under the Securities and this Indenture; 

(ii) immediately after giving effect to such transaction and the assumption of the obligations as set forth in clause
(a)(i) above, if applicable, no Default shall have occurred and be continuing; and 
 (iii) the Company delivers
to the Trustee an Officers’ Certificate and an Opinion of Counsel (subject to customary exceptions and qualifications), each stating that such consolidation, merger, sale, assignment, conveyance, transfer, lease or other disposition and the
supplemental indenture (if any) comply with this Indenture and that all conditions precedent provided for in the Indenture to such transaction have been satisfied. 
 (b) For purposes of this Article 4, the sale, assignment, conveyance, transfer, lease or other disposition by one or more of the Company’s Subsidiaries of all or substantially all of the assets of
the Company and its Subsidiaries (taken as a whole) shall be subject to this Article 4. 
 (c) Upon any consolidation,
combination or merger of the Company, or any sale, lease, transfer, conveyance or other disposition or assignment of all or substantially all of the assets of the Company in accordance with the foregoing, in which the Company is not the continuing
obligor under the Securities and this Indenture, the Successor will succeed to, and be substituted for, and may exercise every right and power of, the Company under the Securities and this Indenture with the same effect as if such Successor had been
named therein as the Company, and, except in the case of such a lease, the Company will be released from its Obligations under the Securities and this Indenture. 

  
 27 

 ARTICLE 5 
 REPORTING OBLIGATIONS 
 Section 5.01.
Reporting Obligations. The Company shall deliver to the Trustee, within 15 days after it is required to file them with the SEC, copies of the information, documents and other reports which the Company is required to file with the SEC pursuant to
Section 13 or 15(d) of the Exchange Act; and information, documents and reports filed by the Company with the SEC by electronic means or filing of documents with the SEC’s Electronic Data Gathering, Analysis and Retrieval
(“EDGAR”) system (or any successor electronic filing system) will be deemed to constitute “filing” with, and delivery to, the Trustee and each other applicable Agent for purposes of this Section 5.01. Delivery of
these reports and information to the Trustee is for informational purposes only and the Trustee’s receipt of them will not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 Section 5.02. 144A Information. If at any time the Company is not required to filed with the SEC the reports required by Section 5.01 and the Notes or Ordinary Shares issuable upon the
conversion of the Notes constitute “restricted securities” within the meaning of Rule 144, the Company will, upon the request of any Holder or Beneficial Owner of the Notes, or a holder or Beneficial Owner of the Ordinary Shares issuable
upon the conversion of the Notes, promptly furnish or cause to be furnished to the applicable Holder, Beneficial Owner, or any prospective purchaser designated by the applicable Holder or Beneficial Owner, of the Notes, or any holder, Beneficial
Owner, or any prospective purchaser designated by the applicable holder or Beneficial Owner, of the Ordinary Shares, as the case may be, all of the information that a prospective purchaser of the Notes or the Ordinary Shares, as the case may be, is
required to receive under Rule 144A(d)(4) of the Securities Act for such Notes or Ordinary Shares, as the case may be, to be resold pursuant to the exemption from registration provided by Rule 144A. 

Section 5.03. Additional Interest. 
 (a) General. Subject to the last paragraph of this Section 5.03(a), if, at any time during the period beginning on, and including, the date that is six months after the Issue Date and ending
on, but not including, the Free Trade Date, the Company fails to timely file (after giving effect to any grace period provided by Rule 12b-25) one or more documents or reports that it is required to file with the SEC pursuant to Sections 13 or 15(d)
of the Exchange Act, as applicable (other than current reports on Form 8-K) or the Notes are not otherwise Freely Tradable, including pursuant to Rule 144 by Holders other than affiliates (as defined in Rule 144) of the Company or Holders that were
affiliates (as defined in Rule 144) of the Company during the three months preceding the date of the proposed transfer, the Company will pay additional interest (the “Additional Interest”) on the principal amount of then outstanding
Notes as hereinafter set forth. The Additional Interest will accrue from the due date of the first such missed filing (after giving effect to any grace period provided by Rule 12b-25) or the date that the Notes otherwise cease to be Freely Tradable,
until the date that the Notes become Freely 

  
 28 

 
Tradable. Such Additional Interest will initially accrue at the rate of 0.25% per annum on the principal amount of then outstanding Notes. If such Additional Interest accrues for more than
ninety (90) consecutive calendar days, the rate at which the Additional Interest accrues will increase to 0.50% per annum on the principal amount of then outstanding Notes beginning on the 91st consecutive day on which it accrues and
ending on the last consecutive day on which it continues to accrue; provided that such Additional Interest shall cease to accrue on the Free Trade Date. 
 In addition, if and for so long as, the Notes are not Freely Tradable at all times on and after the Free Trade Date, or the Restrictive Notes Legend has not been deemed to be removed and the Notes are
deemed to be assigned the Restricted Notes CUSIP after the 15th day immediately following the Free Trade Date, or the next succeeding Business Day if such day is not a Business Day, the Company will pay Additional Interest on the Notes at a rate of
0.50% per annum. Such Additional Interest will accrue on each day during such period on which the Notes are not Freely Tradable and until the Restrictive Notes Legend is deemed removed and the Notes are deemed to be assigned the Unrestricted
Notes CUSIP. In each case, the Additional Interest will be payable on the same dates and in the same manner as the stated interest on the Notes. 
 Notwithstanding the foregoing, the Company will not be required to pay Additional Interest as set forth above if the Notes are not eligible for resale under Rule 144 or if the Notes are not Freely
Tradable, in each case as required under this Section 5.03, on any date on which (i) the Company has filed a shelf registration statement for the resale of the Notes and any Ordinary Shares issuable upon conversion of the Notes,
(ii) such shelf registration statement is effective and usable by Holders identified therein as selling security holders for the resale of the Notes and any Ordinary Shares issued upon conversion of the Notes, (iii) the Holders may
register the resale of their Notes under such shelf registration statement on terms customary for the resale of convertible securities offered in reliance on Rule 144A and (iv) the Notes and/or Ordinary Shares to be sold pursuant to such shelf
registration statement would become Freely Tradable as a result of any such sale. 
 (b) Notice to Trustee. If the
Company is required to pay Additional Interest on any Note, on or prior to the date on which such Additional Interest is scheduled to be paid, the Company will provide to the Trustee (and if the Trustee is not the Paying Agent, to the Paying Agent)
an Officers’ Certificate, which Officers’ Certificate will state (i) that the Company is obligated to pay Additional Interest pursuant to this Section 5.03, (ii) the amount of such Additional Interest that the Company is
required to pay under this Section 5.03, (iii) the amount of such Additional Interest that the Company will pay, (iv) the scheduled date on which such Additional Interest will be paid to Holders and (v) a direction that the
Trustee (or, if the Trustee is not the Paying Agent, the Paying Agent) pay such Additional Interest to the extent it receives funds from the Company to do so, on the scheduled payment date for such Additional Interest. The Trustee will not have any
duty or responsibility to any Holder to determine whether any Additional Interest is payable, or, if any Additional Interest is payable, the amount of such Additional Interest that is payable. 

Section 5.04. Compliance with Trust Indenture Act. The Company also shall comply with the other provisions of
Section 314(a) of the Trust Indenture Act. 

  
 29 

 Section 5.05. Reports to Trustee. The Company will deliver to the Trustee:

 (a) within 120 days after the end of each fiscal year a certificate from the principal executive, financial or accounting
officer of the Company stating that the officer has conducted or supervised a review of the activities of the Company and its performance under this Indenture and that, based upon such review, no Default exists hereunder or, if there has been a
Default, specifying the Default, its nature, status and what action the Company is taking or proposes to take with respect thereto; and 
 (b) promptly and in any event within 10 days after the Company becomes aware of the occurrence of a Default, an Officers’ Certificate setting forth the details of the Default, and the action which
the Company is taking or proposes to take with respect thereto. 
 ARTICLE 6 

REDEMPTION OF NOTES 
 Section 6.01. Optional Redemption. 
 (a) Prior to July 15, 2016,
the Notes will not be redeemable at the Company’s option. 
 (b) At any time on or after July 15, 2016 and before
July 15, 2018, subject to the terms and conditions of this Article 6, the Company may, at its option, redeem the Notes for cash in whole or in part if the VWAP of Ordinary Shares is greater than or equal to 150% of the applicable Conversion
Price for at least 20 Trading Days during any 30 consecutive Trading Day period ending within five Trading Days prior to the Company’s notice of redemption. On or after July 15, 2018, subject to the terms and conditions of this Article 6,
the Company may, at its option, redeem the Notes for cash in whole or in part at any time or from time to time. In each case, the redemption price (the “Redemption Price”) will be equal to 100% of the principal amount of the Notes
to be redeemed, together with accrued and unpaid interest to, but excluding, the Redemption Date. However, if the Redemption Date falls after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the
full amount of accrued and unpaid interest due on such Interest Payment Date to the Holder of record at 5:00 p.m., New York City time, on the corresponding Regular Record Date, and not to the Holder submitting the Notes for redemption, if different.

 Section 6.02. Election to Redeem; Notice to Trustee. In case of any redemption at the election of the Company,
the Company shall, on or prior to the date that is 15 days prior to the date on which notice is given to the Holders (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal
amount of Notes to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Notes to be redeemed pursuant to Section 6.03. Any such notice may be cancelled at any time prior to notice
of such redemption being sent to any Holder and shall thereby be void and of no effect. 
 Section 6.03. Selection by
Trustee of Notes to Be Redeemed. If less than all the Notes are to be redeemed at any time pursuant to this Article 6, the particular Notes to be redeemed (in 

  
 30 

 
principal amounts of $2,000 or an integral multiple of $1,000 in excess thereof) shall be selected by the Trustee, from the outstanding Notes not previously called for redemption, by lot or on a
pro rata basis among the Notes or by such other method as the Trustee shall consider fair and appropriate, including any method required by DTC or any successor depositary (and in such manner as is not prohibited by applicable legal
requirements) and which may provide for the selection for redemption of portions of the principal of the Notes; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Note not redeemed to less
than $1,000. If any Note is to be redeemed in part only, a new Note in principal amount equal to the unredeemed principal portion will be issued. 
 The Trustee shall notify the Company in writing, within seven calendar days from the Trustee’s receipt of a notice of redemption from the Company, of the Notes selected for redemption and, in the
case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of the
Indenture, unless the context otherwise requires, all provisions relating to redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been or is
to be redeemed. 
 If any Notes selected for partial redemption are thereafter surrendered for conversion in part before
termination of the conversion right with respect to the portion of the Notes so selected, the converted portion of such Notes shall be deemed (so far as may be), solely for purposes of determining the aggregate principal amount of Notes to be
redeemed by the Company, to be the portion selected for redemption. Notes which have been converted during a selection of Notes to be redeemed may be treated by the Trustee as outstanding for the purpose of such selection. Nothing in this
Section 6.03 shall affect the right of any Holder to convert any Notes pursuant to Article 12 before the termination of the conversion right with respect thereto. 
 In the event of any redemption in part (pursuant to the provisions of this Article 6), the Company will not be required to issue, register the transfer of or exchange any Note during a period of 15 days
before the notice of redemption is sent, or register the transfer of or exchange any Note so selected for redemption, in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

Section 6.04. Notice of Redemption. Notice of redemption shall be given in the manner provided for in Section 10.02 of
the Base Indenture not less than 20 nor more than 60 calendar days (each such time period being subject to the rules and procedures, if any, of DTC, if then applicable) prior to the Redemption Date, to the Trustee, the Paying Agent, the Conversion
Agent and each Holder of Notes to be redeemed. The Trustee shall give notice of redemption in the Company’s name and at the Company’s expense; provided, however, that the Company shall deliver to the Trustee an Officers’
Certificate, at least 15 calendar days prior to the date on which notice is required to be given to the Holders (unless shorter notice shall be satisfactory to the Trustee), requesting that the Trustee give such notice at the Company’s expense
and setting forth the information to be stated in such notice as provided in the following items. All notices of redemption shall state: 
 (a) the Redemption Date; 

  
 31 

 (b) the Redemption Price; 

(c) the then current Conversion Rate and provide a statement that the Notes called for redemption may be converted at any time before
5:00 p.m., New York City time, on the Business Day prior to the Redemption Date, and that Holders who wish to convert Notes must comply with the relevant procedures; 
 (d) if less than all outstanding Notes are to be redeemed, the identification of the particular Notes (or portion thereof) to be redeemed, as well as the aggregate principal amount of Notes to be redeemed
and the aggregate principal amount of Notes to be outstanding after such partial redemption; 
 (e) in case any Note is to be
redeemed in part only, the notice which relates to such Note shall state that on and after the Redemption Date, upon surrender of such Note, the Holder will receive, without charge, a new Note or Notes of authorized denominations for the principal
amount thereof remaining unredeemed; 
 (f) that on the Redemption Date the Redemption Price will become due and payable upon
each such Note, or the portion thereof, to be redeemed, and, unless the Company defaults in making the redemption payment, that interest on Notes called for redemption (or the portion thereof) will cease to accrue on and after said date; 

(g) the place or places where such Notes are to be surrendered for payment of the Redemption Price; 

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

(i) that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price; and 

(j) the CUSIP or ISIN number, and that no representation is made as to the accuracy or correctness of the CUSIP or ISIN number, if any,
listed in such notice or printed on the Notes. 
 Section 6.05. Deposit of Redemption Price. Prior to 10:00 a.m.,
New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in 2.05 of the Base Indenture) an amount of
money sufficient to pay the Redemption Price of all the Notes which are to be redeemed on that date other than Notes or portions of Notes called for redemption that are beneficially owned by the Company and have been delivered by the Company to the
Trustee for cancellation. 
 Section 6.06. Notes Payable on Redemption Date. Notice of redemption having been given
as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, unless converted, become due and payable at the Redemption Price, and from and after such date (unless the Company shall default in the payment of the Redemption Price or
accrued and unpaid interest), 

  
 32 

 
such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price. If any Note
called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 

Section 6.07. Notes Redeemed in Part. Any Note which is to be redeemed only in part (pursuant to the provisions of this
Article 6) shall be surrendered at the office or agency of the Company maintained for such purpose pursuant to 4.02 of the Base Indenture (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 duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and make available for delivery to
the Holder of such Note at the expense of the Company, a new Note or Notes, of any authorized denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note
so surrendered; provided that each such new Note will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 
 ARTICLE 7 
 DEFAULTS AND REMEDIES

 Section 7.01. Events of Default. In addition to the Events of Default set forth in Section 6.01(4),
(5) and (6) of the Base Indenture, an “Event of Default” with respect to the Notes shall be any of the following: 
 (a) default in the payment of principal of any Note when due and payable at the Stated Maturity, upon declaration or otherwise, or in the payment of any Fundamental Change Repurchase Price, Redemption
Price or Purchase Price when due and payable; 
 (b) failure by the Company to pay interest (whether the interest rate borne by
the Notes, Additional Interest, the Extension Fee, or other interest in the event of default) on or any Additional Amounts payable in respect of any of Security of that Series or any coupon appertaining thereto when such interest, Additional Amounts
or coupon become due and payable and the continuance of any such failure for thirty (30) consecutive calendar days; 
 (c)
failure by the Company to comply with its obligation to convert the Notes in accordance with the Indenture, upon exercise of a Holder’s conversion right and such failure continues for a period of five calendar days; 

(d) default by the Company in the payment of Voluntary Conversion Make-Whole Payments pursuant to Section 12.04 when due and payable
upon conversion and the continuance of such default for a period of five calendar days; 
 (e) failure by the Company to
(i) give Fundamental Change Notice of the occurrence of a Fundamental Change to Holders pursuant to Section 11.02, or (ii) a Purchase Notice pursuant to Section 10.01, in each case when due; 

(f) failure by the Company to comply with its obligations under Section 4.01 of this First Supplemental Indenture; 

  
 33 

 (g) failure by the Company for ninety (90) days after notice from the Trustee or the
Holders of at least 25% in aggregate principal amount of the Notes to comply with the Company’s obligations under Article 5 of this First Supplemental Indenture; 
 (h) failure by the Company or any Significant Subsidiary to pay final judgments entered by a court or courts of competent jurisdiction aggregating in excess of $25,000,000, which judgments are not paid,
discharged or stayed for a period of sixty (60) days after the due date thereof; 
 (i) default by the Company or any
Significant Subsidiary in the payment of the principal or interest on any mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess of
$25,000,000 (or its equivalent in any other currency or currencies) in the aggregate of the Company and/or any such Significant Subsidiary, whether such indebtedness now exists or shall hereafter be created, or (ii) the acceleration of any
indebtedness for money borrowed in excess of $25,000,000 (or its equivalent in any other currency or currencies) in the aggregate of the Company and/or any such Significant Subsidiary because of a default with respect to such indebtedness, in each
case resulting in such indebtedness becoming or being declared due and payable, and such indebtedness shall not have been discharged or such acceleration shall not have been rescinded or annulled within 30 calendar days after written notice of such
acceleration has been received by the Company or such Significant Subsidiary from the Trustee (or to the Company and the Trustee from Holders of at least 25% in aggregate principal amount of outstanding Notes); or 

(j) with respect to Section 6.01(5), Section 6.01(6) and Section 6.02 of the Base Indenture, each shall be restated herein
with the modification that each reference to the phrase “the Company” in each such Sections shall be replaced with the phrase “the Company or any Significant Subsidiary”. 

Section 7.02. Waiver of Past Defaults. Notwithstanding Section 6.02 of the Base Indenture, Holders of a majority in
principal amount of the outstanding Notes by written notice to the Company and to the Trustee may waive any existing or future Default or Event of Default and its consequences and rescind and annul a declaration of acceleration with respect to such
Event of Default and its consequences (other than an Event of Default (a) with respect to the failure to make payment of the principal amount, accrued and unpaid interest, the Fundamental Change Repurchase Price or the Redemption Price, in each
case with respect to any Note, (b) with respect to the failure to pay or deliver Ordinary Shares, cash or the combination of Ordinary Shares and cash, due upon conversion of the Notes or (c) with respect to any provision that under this
Indenture cannot be modified or amended without the consent of the Holder of each outstanding Note affected) if: 

(i) all existing Events of Default, other than the nonpayment of the 

(ii) principal of and interest on the Notes that have become due solely by the declaration of acceleration, have been
cured or waived, and 
 (iii) the rescission would not conflict with any judgment or decree of a court of
competent jurisdiction. 

  
 34 

 Upon such waiver, the Default will cease to exist, and any Event of Default arising therefrom will be deemed
to have been cured, but no such waiver will extend to any subsequent or other Default or impair any right consequent thereon. 

Section 7.03. Limitation on Suits. Section 6.06 of the Base Indenture shall not apply to the Notes and references to
Section 6.06 of the Base Indenture shall become references to this Section 7.03. 
 (a) Subject to Section 7.04, a
Holder may not 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 under this Indenture or the Notes, unless: 

(i) such Holder has previously given to the Trustee written notice of a continuing Event of Default; 

(ii) Holders of at least 25% in aggregate principal amount of outstanding Notes have made written request to the Trustee
to institute proceedings in respect of the Event of Default or pursue such remedy in its own name as Trustee under this Indenture; 
 (iii) Holders have offered to the Trustee indemnity or security reasonably satisfactory to the Trustee against any costs, liabilities or expenses to be incurred in compliance with such request;

 (iv) the Trustee has not complied with such request for 60 days after the later of (A) receipt of the
request from Holders of not less than 25% in aggregate principal amount of the outstanding Notes and (B) the offer by such Holders of indemnity or security reasonably satisfactory to the Trustee against any loss, liability or expense; and

 (v) during such 60-day period, the Holders of a majority in aggregate principal amount of the outstanding
Notes have not given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such written request. 

Section 7.04. Rights of Holders to Receive Payment. Section 6.07 of the Base Indenture shall not apply to the Notes and
references to Section 6.07 of the Base Indenture shall become references to this Section 7.04. 
 (a) Notwithstanding
anything to the contrary, the right of a Holder of a Note to receive (i) payment of principal of or interest on its Note on the Stated Maturity or the relevant Interest Payment Date, as the case may be, (ii) payment of the Fundamental
Change Repurchase Price on the Fundamental Change Repurchase Date, (iii) payment of the Redemption Price on the Redemption Date and (iv) payment or delivery, as the case may be, of Ordinary Shares, cash or the combination of Ordinary
Shares and cash, upon conversion of such Note when due, or to bring suit for the enforcement of any such payment or delivery, as the case may be, on or after such respective due dates, may not be impaired or affected without the consent of that
Holder. 

  
 35 

 Section 7.05. Sole Remedy for Failure to Report. 

(a) General. Notwithstanding anything to the contrary in the Notes, the Indenture or in this First Supplemental Indenture, the
Company may elect that the sole remedy for any Event of Default relating to the Company’s failure to comply with the reporting obligations under Section 5.01 or Section 5.02 hereof (a “Reporting Event of Default”)
will, for the period beginning on the date on which such Reporting Event of Default first occurred and ending on the earlier of (i) the date on which such Reporting Event of Default is cured or validly waived in accordance with
Section 7.02 hereof and (ii) the 270th calendar day immediately following the date on which such Reporting Event of Default first occurred, consist exclusively of the right to receive additional interest (the “Extension
Fee”) on the Notes at a rate equal to 0.50% per annum on the principal amount of the then outstanding Notes. If the Company elects, the Extension Fee will be payable in the same manner and on the same dates as the stated interest
payable on the Notes. The Extension Fee will accrue in addition to any Additional Interest that the Company is obligated to pay under Section 5.03 hereof. 
 (b) Limitation on Remedy. If (i) a Reporting Event of Default occurs and the Company elects that the sole remedy with respect to such Reporting Event of Default will be the Extension Fee and
(ii) on the 271st day immediately following, and including, the date on which such Reporting Event of Default first occurred, such Reporting Event of Default has not been cured or validly waived in accordance with Section 7.02 hereof, then
the Notes will become subject to acceleration on account of such Reporting Event of Default. 
 (c) Company Election
Notice. To elect to pay the Extension Fee as the sole remedy for a Reporting Event of Default, the Company must deliver written notice of such election to the Paying Agent and the Trustee, for delivery to the Holders, prior to the date on which
such Reporting Event of Default first occurs. Any such notice must include a brief description of the report or reports that the Company failed to file that caused such Reporting Event of Default, a statement that the Company is electing to pay the
Extension Fee and the date on which such Reporting Event of Default will occur. 
 If a Reporting Event of Default occurs and
the Company fails to timely deliver such notice for such Reporting Event of Default, the Notes will be subject to acceleration on account of such Reporting Event of Default. 
 (d) Other Events of Default. Notwithstanding anything to the contrary herein, if the Company elects to pay the Extension Fee with respect to any Reporting Event of Default, the Company’s
election will not affect the rights of any Holder with respect to any other Event of Default. For the avoidance of doubt, in no event will the Company be obligated to pay the Extension Fee at a rate greater than 0.50% per annum on the principal
amount of then outstanding Notes, regardless of the number of events or circumstances giving rise to requirements to pay such Extension Fee. 

  
 36 

 ARTICLE 8 
 DISCHARGE OF INDENTURE 

Section 8.01. Satisfaction and Discharge of this Indenture. Article Eight of the Base Indenture shall not apply to the Notes
and references to “Article Eight” of the Base Indenture shall become references to this Article 8. 
 (a) This
Indenture shall cease to be of further effect if either: (i) all outstanding Notes have been delivered to the Trustee for cancellation, (ii) all outstanding Notes have become due and payable on the Stated Maturity or on the Fundamental
Change Repurchase Date in connection with any repurchase of all outstanding Notes or on any Redemption Date in connection with any redemption of all outstanding Notes or (iii) all outstanding Notes have been delivered for conversion pursuant to
Article 12 of this First Supplemental Indenture, and the Company irrevocably deposits or delivers, as the case may be, prior to the applicable date on which such payment is due and payable, or such conversion is to be settled, with the Trustee, the
Paying Agent (if the Paying Agent is not the Company or any of its Affiliates) or the Conversion Agent cash in respect of such payment or Ordinary Shares (and cash in lieu of fractional Ordinary Shares, if any) in respect of any such conversion on
the Stated Maturity, the Fundamental Change Repurchase Date, the Redemption Date or the date such conversion is to be settled, as the case may be; provided that, in the case of a deposit, there must not exist a Default or Event of Default on the
date the Company makes such deposit and the deposit must not result in a breach of, or constitute a default under, this Indenture; and provided, further that, in all cases, the Company shall pay to the Trustee all other sums payable hereunder by the
Company. 
 (b) Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee
under Section 7.07 of the Base Indenture shall survive. The Trustee shall join in the execution of a document prepared by the Company acknowledging satisfaction and discharge of this Indenture, at the cost and expense of the Company, on demand,
accompanied by an Officers’ Certificate and an Opinion of Counsel pursuant to Section 10.04 of the Base Indenture. 

Section 8.02. Application of Trust Money. Subject to the provisions of Section 8.03, the Trustee or a Paying Agent shall
hold in trust, for the benefit of the Holders, all money, Ordinary Shares or other consideration paid or delivered to it, as the case may be, pursuant to Section 8.01 and shall apply such money, Ordinary Shares or other consideration in
accordance with this Indenture and the Notes to the payment of the principal amount of (including the relevant Fundamental Change Repurchase Price or Redemption Price), and interest on, the Notes or delivery of the Ordinary Shares, cash in lieu of
fractional Ordinary Shares, if applicable, payable or issuable, as the case may be, upon conversion of the Notes. 

Section 8.03. Repayment to Company. The Trustee and each Paying Agent shall promptly pay or deliver, as the case may be, to
the Company upon request any excess money, Ordinary Shares or other consideration (x) paid or delivered to them pursuant to Section 8.01 and (y) held by them at any time. Subject to applicable abandoned property law, the Trustee and
each Paying Agent shall also pay or deliver, as the case may be, to the Company upon request any money, Ordinary Shares or other consideration held by them for the payment of the principal amount of (including the relevant Fundamental Change
Repurchase Price or Redemption Price) and interest on, or the amount due in connection with any conversion of, the Notes that remains unclaimed for two years after a right to such money, Ordinary Shares or other consideration has matured (which
maturity shall occur, for the avoidance of doubt, on the Stated Maturity, the Fundamental Change Repurchase Date or the Redemption Date, as the case may be); provided that the Trustee or such Paying Agent, before being required to make any such
payment or delivery, may at the expense of the Company cause to be mailed to each Holder entitled to such money, Ordinary Shares or other consideration or publish in a newspaper of general circulation

  
 37 

 
in the City of New York notice that such money, Ordinary Shares or other consideration remains unclaimed and that after a date specified therein, which shall be at least 30 days from the date of
such mailing or publication, any unclaimed balance or portion of such money, Ordinary Shares or other consideration then remaining will be repaid or re delivered to the Company. After payment or delivery, as the case may be, to the Company, Holders
entitled to such money, Ordinary Shares or other consideration must look to the Company for payment or delivery as general creditors unless an applicable abandoned property law designates another Person 

Section 8.04. Reinstatement. If the Trustee or any Paying Agent is unable to apply any money, Ordinary Shares or other
consideration in accordance with Section 8.02 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the
Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no payment or delivery, as the case may be, had occurred pursuant to Section 8.01 until such time as the Trustee or such Paying Agent is
permitted to apply all such money in accordance with Section 8.02; provided that if the Company has made any payment of the principal amount of (including the relevant Fundamental Change Repurchase Price or Redemption Price) or interest on, or
the amount due in connection with any conversion of, the Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive any such payment or delivery from the money,
Ordinary Shares or other consideration held by the Trustee or such Paying Agent. 
 Section 8.05. Officers’
Certificate; Opinion of Counsel. Upon any application or demand by the Company to the Trustee to take any action under Section 8.01, the Company shall furnish to the Trustee an Officers’ Certificate or Opinion of Counsel stating that
all conditions precedent, if any, provided for in the Indenture relating to the proposed action have been complied with. 

ARTICLE 9 

AMENDMENTS 
 Section 9.01. Without Consent of Holders. In lieu of the matters specified in clauses (1) – (9) of Section 9.01 of the Base Indenture (which clauses shall not apply with
respect to the Notes), with respect to the Notes, without prior notice to, or consent of, any Holder of Notes, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may, pursuant to
Section 9.01 of the Base Indenture as modified hereby, enter into one or more supplemental indentures, in form satisfactory to the Trustee, for any one of the following purposes: 

(a) to cure any ambiguity or omission or correct any defect or inconsistency in the Indenture and the Notes, so long as such action will
not adversely affect the interests of the Holders of Notes; 
 (b) to evidence and provide for the assumption by a Successor
Company of obligations of the Company under the Indenture, including its obligations to provide for the adjustments to conversion rights as set forth in Section 12.06 hereof; 

(c) provide for any guarantee of the Notes or secure the Notes; 

  
 38 

 (d) add to the covenants of the Company or its Subsidiaries for the benefit of the Holders
or surrender any right or power conferred upon Company or its Subsidiaries, by the Indenture; 
 (e) make any changes or
modifications to the Indenture necessary in connection with the registration of the public offer and sale of the Notes under the Securities Act or to effect or maintain the qualification of the Indenture under the Trust Indenture Act; 

(f) evidence and provide for the acceptance of the appointment of a successor Trustee; 

(g) comply with the rules of any applicable securities depositary, including DTC; 

(h) make any change that does not materially adversely affect the rights of any Holder of the Notes; provided that any amendment
made solely to conform the provisions of the Indenture or the Notes to the “Description of Notes” section of the Offering Memorandum will be deemed not to materially adversely affect the rights of any Holder; or 

(i) provide for the issuance of other series of Securities in accordance with the Indenture, and to change any provision of the Indenture
that is intended to be only for the benefit of Securities other than the Notes. 
 The consent of the Holders is not necessary
hereunder to approve the particular form of any proposed amendment; it is sufficient if such consent approves the substance of the proposed amendment. After an amendment under Section 9.01 of the Base Indenture or this Section 9.01 becomes
effective, the Company shall send to Holders a notice briefly detailing such amendment within 20 days after execution thereof; provided however, that any such notice filed by the Company pursuant to the SEC’s EDGAR system (or any successor
electronic filing system) shall be deemed to be delivered to Holders as of the time such notice is so filed for purposes of this Section 9.01. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the
validity of an amendment under this Section 9.01. 
 Section 9.02. With Consent of Holders.
Section 9.02(b) of the Base Indenture is amended and restated in its entirety, with respect to the Notes, as follows: 

Notwithstanding Section 9.02(a), without the consent of the Holders of each outstanding Note affected thereby, no amendment or
supplemental indenture shall: 
 (a) change the Stated Maturity of any Note; 

(b) reduce the principal amount of any Note; 
 (c) reduce the rate, or extend the stated time for payment of interest on any Note, or change the Company’s obligation to pay any Voluntary Conversion Make-Whole Payment pursuant to the Indenture;

  
 39 

 (d) reduce the percentage in aggregate principal amount of Notes whose Holders must consent
to an amendment of the Indenture or to waive any past Default; 
 (e) change the place or currency of payment of principal or
interest in respect of any Note; 
 (f) make any change that adversely affects the conversion rights of any Notes, including any
change to the provisions described under Article 12 of this First Supplemental Indenture or impair the right to institute suit for the enforcement of any payment with respect to, or conversion of, the Notes; 

(g) reduce the Fundamental Change Repurchase Price, Redemption Price or Purchase Price of any Note or amend or modify in any manner
adverse to the Holders of Notes the Company’s obligation to make such payments, including any extension of the related payment dates, the circumstances under which the Notes may be or shall be redeemed or repurchased or any change to Article 6,
Section 10.01 or Article 12, each of this First Supplemental Indenture; 
 (h) impair the right of any Holder to receive
payment of 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; 

(i) make any change to the provisions of Section 9.02 of the Base Indenture or this Section 9.02; or 

(j) change the ranking of the Notes 
 After an amendment under Section 9.02 of the Base Indenture or this Section 9.02 becomes effective, the Company shall send to Holders a notice briefly detailing such amendment within 20 days
after execution thereof; provided however, that any such notice filed by the Company pursuant to the SEC’s EDGAR system (or any successor electronic filing system) shall be deemed to be delivered to Holders as of the time such notice is so
filed for purposes of this Section 9.02. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 9.02. 

Section 9.03. Payments for Consents. The Company will not, and will not permit any of its Subsidiaries or Affiliates to,
directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the
Notes unless such consideration is offered to be paid or agreed to be paid to all Holders of the Notes that consent, waive or agree to amend such term or provision within the time period set forth in the solicitation documents relating to the
consent, waiver or amendment. 

  
 40 

 ARTICLE 10 
 PURCHASE AT THE OPTION OF HOLDERS 
 Section 10.01. Purchase of Notes at the Option of the Holder. 
 (a) A
Holder shall have the option to require the Company to purchase any outstanding Notes on each of July 15, 2016 and July 15, 2018 (each, a “Purchase Date”), at a price (the “Purchase Price”) which shall be
paid in cash, equal to 100% of the principal amount of the Notes to be repurchased plus any accrued and unpaid interest to but excluding the Purchase Date. If the Purchase Date is between a Regular Record Date and the Interest Payment Date to which
it relates, the Company will pay the full amount of accrued and unpaid interest due on such Interest Payment Date to the Holder on the Regular Record Date corresponding to such Interest Payment Date, and the Purchase Price will be payable to the
Holder who presents a Note for purchase. A Holder shall have the option describe in this clause (a) upon: 

(i) delivery to the Paying Agent and the Company by the Holder of a duly completed written notice of purchase (a
“Purchase Notice”), in the form entitled “Form of Purchase Notice,” of the Notes, at any time from 9:00 a.m., New York City time, on the date that is 20 Business Days prior to the relevant Purchase Date until 5:00 p.m.,
New York City time, on the Business Day prior to such Purchase Date, stating: 
 (A) if certificated, the
certificate numbers of the Notes which the Holder will deliver to be purchased, or, if not certificated, the Purchase Notice must comply with appropriate DTC procedures; 

(B) the portion of the principal amount of the Notes which the Holder will deliver to be purchased, which portion must be
$2,000 in principal amount or an integral multiple in excess of $1,000 thereof; 
 (C) that such Notes shall be
purchased by the Company as of the Purchase Date pursuant to the terms and conditions specified in paragraph 4 of the Notes and in this First Supplemental Indenture; and 

(ii) delivery or book-entry transfer of such Notes to the Paying Agent (together with all necessary endorsements) at the
offices of the Paying Agent, such delivery or transfer being a condition to receipt by the Holder of the Purchase Price therefor; provided, however, that such Purchase Price shall be so paid pursuant to this Section 10.01 only if the
Notes so delivered or transferred to the Paying Agent shall conform in all respects to the description thereof in the related Purchase Notice. 
 (b) The Company shall purchase from a Holder, pursuant to this Section 10.01, Notes if the principal amount of such Notes is $2,000 or an integral multiple of $1,000 in excess thereof if so requested
by such Holder. 
 (c) Any purchase by the Company contemplated pursuant to the provisions of this Section 10.01 shall be
consummated by the delivery of the Purchase Price to be received by the Holder promptly following the later of the Purchase Date or the time of book-entry transfer or delivery of the Notes. 

(d) Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Purchase Notice contemplated by this
Section 10.01 shall have the right at any time prior to 5:00 p.m., New York City time, on the Business Day immediately prior to the applicable Purchase Date to withdraw such Purchase Notice (in whole or in part) by delivery of a written notice
of withdrawal to the Paying Agent in accordance with Section 10.02(b). 

  
 41 

 (e) The Paying Agent shall promptly notify the Company of the receipt by it of any Purchase
Notice or written notice of withdrawal thereof. 
 (f) At or before 11:00 a.m. (New York City time) on the Purchase Date, the
Company shall deposit with the Paying Agent (or if the Company or an Affiliate of the Company is acting as the Paying Agent, shall segregate and hold in trust) cash sufficient to pay the aggregate Purchase Price of the Notes to be purchased pursuant
to this Section 10.01. Payment by the Paying Agent of the Purchase Price for such Notes shall be made promptly following the later of the Purchase Date or the time of book-entry transfer or delivery of such Notes. If the Paying Agent holds, in
accordance with the terms of this First Supplemental Indenture, cash sufficient to pay the Purchase Price of such Notes on the Purchase Date, then, on and after such date, such Notes shall cease to be outstanding and interest on such Notes shall
cease to accrue, whether or not book-entry transfer of such Notes is made or such Notes are delivered to the Paying Agent, and all other rights of the Holder shall terminate (other than the right to receive the Purchase Price and previously accrued
interest upon delivery or transfer of the Notes). 
 (g) The Company shall require each Paying Agent (other than the Trustee) to
agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all cash held by the Paying Agent for the payment of the Purchase Price and shall notify the Trustee of any default by the Company in making any
such payment. If the Company or an Affiliate of the Company acts as Paying Agent, it shall segregate the cash held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to deliver all cash
held by it to the Trustee and to account for any funds disbursed by the Paying Agent. Upon doing so, the Paying Agent shall have no further liability for the cash delivered to the Trustee. 

Section 10.02. Further Conditions and Procedures for Purchase of Notes at the Option of the Holder. 

(a) Notice of Purchase Date. The Company shall send notices (each, a “Company Notice”) to the Holders, the
Trustee, the Conversion Agent and the Paying Agent notice of the right to require the Company to repurchase on a date that is not less than 20 Business Days nor more than 60 Business Days before any Purchase Date, as the case may be (each such date
of delivery, a “Company Notice Date”). Each Company Notice shall include a form of Purchase Notice to be completed by a Holder and shall state: 
 (i) the applicable Purchase Price; 
 (ii) the Conversion Rate at
the time of such notice and any expected adjustments to the Conversion Rate; 
 (iii) the applicable Purchase
Date and the last date on which a Holder may exercise its repurchase rights under Section 10.01; 

  
 42 

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

 (v) that Notes must be surrendered to the Paying Agent to collect payment of the Purchase Price; 

(vi) that Notes as to which a Purchase Notice has been delivered may be surrendered for conversion only if the applicable
Purchase Notice has been withdrawn in accordance with the terms of this First Supplemental Indenture; 
 (vii)
that the Purchase Price for any Notes as to which a Purchase Notice has been given and not withdrawn shall be paid by the Paying Agent promptly following the later of the Purchase Date or the time of book-entry transfer or delivery of such Notes;

 (viii) the procedures the Holder must follow under Section 10.01 and Section 10.02; 

(ix) that, unless the Company defaults in making payment of such Purchase Price on Notes covered by any Purchase Notice,
interest will cease to accrue on and after the Purchase Date; 
 (x) the CUSIP or ISIN number of the Notes; and

 (xi) the procedures for withdrawing a Purchase Notice. 

Simultaneously with providing such Company Notice, the Company will promptly publicly announce through a reputable national newswire in
the United States the relevant information in such Company Notice and publish such information on its then existing website or through such other public medium as it may use at the time. 

At the Company’s request, made at least five Business Days (unless a shorter notice is satisfactory to the Paying Agent) prior to
the date upon which such notice is to be sent, and at the Company’s expense, the Paying Agent shall give the Company Notice in the Company’s name; provided, however, that, in all cases, the text of the Company Notice shall be
prepared by the Company. 
 (b) Effect of Purchase Notice Notice; Withdrawal; Effect of Event of Default. Upon receipt by
the Company of the Purchase Notice specified in Section 10.01(a) the Holder of the Notes in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter
be entitled to receive solely the Purchase Price with respect to such Notes. Such Purchase Price shall be paid by the Paying Agent to such Holder promptly following the later of (x) the Purchase Date with respect to such Notes (provided
the conditions in this Article 10 have been satisfied) and (y) the time of delivery or book-entry transfer of such Notes to the Paying Agent by the Holder thereof in the manner required by Section 10.01 Notes in respect of which a Purchase
Notice has been given by the Holder thereof may not be converted on or after the date of the delivery of such Purchase Notice, unless such Purchase Notice, as the case may be, has first been validly withdrawn as specified in the following two
paragraphs. 

  
 43 

 A Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to
the office of the Paying Agent at any time prior to 5:00 p.m., New York City time, on the Business Day prior to the Purchase Date to which it relates, specifying: 

(i) the principal amount of the Notes with respect to which such notice of withdrawal is being submitted, which must be
$1,000 or integral amounts thereof; provided, however, that no such withdrawal shall reduce the portion of the principal amount of a Note not purchased to less than $2,000; 

(ii) if certificated, the certificate number of the Notes in respect of which such notice of withdrawal is being
submitted, or, if not certificated, the written notice of withdrawal must comply with appropriate DTC procedures; and 
 (iii) the principal amount, if any, of such Notes which remains subject to the original Purchase Notice and which has been or shall be delivered for purchase by the Company, which amount must be $2,000 or
integral multiples of $1,000 in excess thereof. 
 The Paying Agent shall promptly return to the respective Holders thereof any
Notes (x) with respect to which a Purchase Notice has been withdrawn in compliance with this First Supplemental Indenture, or (y) held by it during the continuance of an Event of Default (other than a default that is cured by the payment
of the Purchase Price) in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn. 
 (c) Notes Purchased in Part. Any Notes that are 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 duly authorized in writing) and the Company shall execute and the Trustee or the
Authenticating Agent shall authenticate and deliver to the Holder of such Notes, 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 Notes so surrendered which is not purchased. 
 (d) Covenant to Comply with Securities
Laws Upon Purchase of Notes. In connection with any offer to purchase Notes under Section 10.01, the Company shall, to the extent applicable, (a) comply with Rules 13e-4 and 14e-1 (and any successor provisions thereto) under the
Exchange Act, if applicable; (b) file the related Schedule TO (or any successor schedule, form or report) under the Exchange Act, if applicable; and (c) otherwise comply with all applicable federal and state securities laws so as to permit
the rights and obligations under Section 10.01 to be exercised in the time and in the manner specified in or Section 10.01. To the extent any other provision of the Indenture conflicts with any of the foregoing, the foregoing shall govern.

  
 44 

 (e) Repayment to the Company. Subject to applicable abandoned property laws, the
Trustee and the Paying Agent shall return to the Company any cash or property that remains unclaimed, as provided in paragraph 8 of the Notes, together with interest that the Trustee or Paying Agent, as the case may be, has expressly agreed in
writing to pay, if any, that is held by them for the payment of a Purchase Price; provided, however, that to the extent that the aggregate amount of cash or property deposited by the Company pursuant to Section 10.01(f), as applicable,
exceeds the aggregate Purchase Price of the Notes or portions thereof which the Company is obligated to purchase as of the Purchase Date, then promptly on and after the Business Day following the Purchase Date the Trustee and the Paying Agent shall
return any such excess to the Company together with interest that the Trustee or Paying Agent, as the case may be, has expressly agreed in writing to pay, if any. 
 (f) Officers’ Certificate. At least five Business Days before the Company Notice Date (unless a shorter notice is satisfactory to the Trustee), the Company shall deliver an Officers’
Certificate to the Trustee specifying whether the Company desires the Trustee to give the Company Notice required by Section 10.02(a) herein. 
 ARTICLE 11 
 FUNDAMENTAL CHANGE
PURCHASE RIGHT 
 Section 11.01. Fundamental Change Permits Holders To Require The Company To
Repurchase the Notes. 
 (a) General. If a Fundamental Change occurs at any time prior to the Stated Maturity, each
Holder will have the right to require the Company to repurchase for cash all, or any portion, of its Notes in principal amount equal to $2,000 or an integral multiple of $1,000 in excess thereof on the Fundamental Change Repurchase Date for such
Fundamental Change for an amount of cash equal to the corresponding Fundamental Change Repurchase Price. 
 (b) Fundamental
Change Repurchase Price. The “Fundamental Change Repurchase Price” means, for any Notes to be repurchased on any Fundamental Change Repurchase Date, a price equal to 100% of the principal amount of such Notes, plus accrued and
unpaid interest, if any, on such Notes to, but excluding, such Fundamental Change Repurchase Date; provided, however, that if a Fundamental Change Repurchase Date occurs after a Regular Record Date, but on or prior to the corresponding Interest
Payment Date, the Company will pay the accrued and unpaid interest on such Notes on such Interest Payment Date to the Holder of such Notes as of the Close of Business on such Regular Record Date. 

(c) Fundamental Change Repurchase Date. The “Fundamental Change Repurchase Date” means, for any Fundamental
Change, the date specified by the Company in the Fundamental Change Notice for such Fundamental Change, which date will be not less than 20 Business Days, nor more than 35 Business Days, immediately following the Fundamental Change Notice Date for
such Fundamental Change. 

  
 45 

 Section 11.02. Fundamental Change Notice. 

(a) General. On or before the 10th calendar day immediately following the effective date of a Fundamental Change, the Company will
deliver, or cause to be delivered, to the Paying Agent and the Trustee, for delivery to the Holders, written notice of the occurrence of such Fundamental Change and the resulting fundamental change repurchase right (the “Fundamental Change
Notice,” and the date of such mailing or delivery, the “Fundamental Change Notice Date”). Simultaneously with sending any Fundamental Change Notice to the Holders, the Trustee and the Paying Agent, the Company will publish
a notice containing the information included in the Fundamental Change Notice on its website or through such other public medium as the Company may use at such time. 
 For any Fundamental Change, the Fundamental Change Notice corresponding to such Fundamental Change will specify: 
 (A) the events causing such 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 repurchase such Holder’s Notes as a result of such Fundamental Change under this Article 11, which will be the third Business Day immediately preceding the Fundamental Change Repurchase Date; 

(D) the procedures that a Holder must follow to require the Company to repurchase such Holder’s Notes, if other than
as set forth in Section 11.03 hereof; 
 (E) the Fundamental Change Repurchase Price for each $1,000
principal amount of Notes for such Fundamental Change; 
 (F) the Fundamental Change Repurchase Date for such
Fundamental Change; 
 (G) the name and address of the Paying Agent and the Conversion Agent, if applicable;

 (H) if applicable, the Conversion Rate in effect on the Fundamental Change Notice Date for such Fundamental
Change; 
 (I) if applicable, any adjustments that will be made to the Conversion Rate as a result of such
Fundamental Change, including any Additional Shares by which the Conversion Rate will be increased pursuant to Section 12.05 hereof for a Holder that converts a Note “in connection with” such Fundamental Change; 

(J) that any Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a Holder may be
converted only if such Holder withdraws such Fundamental Change Repurchase Notice in accordance with the terms of this Indenture; 

  
 46 

 (K) the procedures for withdrawing a Fundamental Change Repurchase Notice,
if other than as set forth in Section 11.04 hereof; 
 (L) that if a Note or portion of a Note is subject
to a validly delivered Fundamental Change Repurchase Notice, unless the Company defaults in paying the Fundamental Change Repurchase Price for such Note or portion of a Note, interest, if any, on such Note or portion of a Note will cease to accrue
on and after the Fundamental Change Repurchase Date; and 
 (M) the CUSIP and ISIN number(s) of the Notes.

 (b) Failure or Defect. Notwithstanding anything provided elsewhere in this Indenture, neither the failure of the
Company to deliver a Fundamental Change Notice nor a defect in a Fundamental Change Notice delivered by the Company will limit the repurchase rights of any Holder under this Article 11 or impair or otherwise affect the validity of any proceedings
relating to the repurchase of any Note pursuant to this Article 11. 
 Section 11.03. Fundamental Change Repurchase
Notice. 
 (a) General. To exercise its repurchase rights under Section 11.01(a) hereof with respect to any
Fundamental Change, a Holder must deliver to the Paying Agent, on or before the Close of Business on the third Business Day immediately preceding the Fundamental Change Repurchase Date, subject to extension to comply with applicable law: 

(i) a duly completed written notice of repurchase (a “Fundamental Change Repurchase Notice”), in the form
entitled “Form of Fundamental Change Repurchase Notice,” of the Notes that such Holder is tendering for repurchase; and 
 (ii) the Notes that such Holder is tendering for repurchase, (A) by book-entry transfer if such Notes are Global Notes, or (B) by physical delivery, if such Notes are Definitive Notes, in each
case, together with any endorsements or other documents reasonably requested by the Paying Agent, the Trustee or the Company. 

(b) Contents of Fundamental Change Repurchase Notice. The Fundamental Change Repurchase Notice for any Note must state:

 (i) if such Note is to be repurchased in part, the principal amount of such Note to be repurchased, which
principal amount must equal $2,000 or an integral multiple of $1,000 in excess thereof; 
 (ii) that such Note
will be repurchased by the Company pursuant to the provisions of the Notes and this Article 11 hereof; and 

(iii) if such Note is a Definitive Note, the certificate number of such Note. 

If the Notes to be repurchased are Global Notes, the Fundamental Change Repurchase Notice for such Notes must comply with the Applicable
Procedures. 

  
 47 

 (c) Notice to Company. If any Holder validly delivers to the Paying Agent a
Fundamental Change Repurchase Notice with respect to a Note or any portion of a Note, the Paying Agent will promptly deliver to the Company a copy of such Fundamental Change Repurchase Notice. 

(d) Effect of Improper Notice. Unless and until the Paying Agent receives a validly endorsed and delivered Fundamental Change
Repurchase Notice with respect to a Note, together with such Note, in a form that conforms in all material aspects with the description contained in such Fundamental Change Repurchase Notice, the Holder submitting the Notes will not be entitled to
receive the Fundamental Change Repurchase Price for such Note. 
 Section 11.04. Withdrawal of Fundamental Change
Repurchase Notice. 
 (a) General. After a Holder delivers a Fundamental Change Repurchase Notice with respect to a
Note, such Holder may withdraw such Fundamental Change Repurchase Notice with respect to such Note or any portion of such Note in principal amount equal to $2,000 or an integral multiple of $1,000 in excess thereof by delivering to the Paying Agent
a written notice of withdrawal prior to the Close of Business on the third Business Day immediately preceding the Fundamental Change Repurchase Date to the Paying Agent. Any such withdrawal notice must state: 

(i) the principal amount of the Notes with respect to which such notice of withdrawal pertains, which must equal $1,000 or
an integral multiple of $1,000 in excess thereof; provided, however, that no such withdrawal shall reduce the portion of the principal amount of a Note not purchased to less than $2,000; 

(ii) the principal amount of the Notes that remains subject to the original Fundamental Change Repurchase Notice, which
portion must have a principal amount equal to $2,000 or an integral multiple of $1,000 in excess thereof; and 

(iii) if the Notes subject to such Fundamental Change Repurchase Notice were Definitive Notes, the certificate numbers of
the Notes to be withdrawn and the certificate numbers of the Notes that will remain subject to the Fundamental Change Repurchase Notice. 
 If the Notes to be withdrawn are Global Notes, a Holder must deliver its notice of withdrawal in compliance with the Applicable Procedures. 

(b) Return of Note. Upon receipt of a validly delivered withdrawal notice, the Paying Agent will promptly (i) if such notice
pertains to a Definitive Note or a portion of a Definitive Note, return such Note or portion of a Note to such Holder, in the amount specified in such withdrawal notice; and, (ii) if such notice pertains to a beneficial interest in a Global
Note, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such beneficial interest, in the amount specified in such withdrawal notice. 

(c) Notice to Company. If any Holder validly delivers to the Paying Agent a notice of withdrawal with respect to a Note or any
portion of a Note, the Paying Agent will promptly deliver to the Company a copy of such notice of withdrawal. 

  
 48 

 Section 11.05. Effect of Fundamental Change Repurchase Notice. 

(a) General. If a Holder validly delivers to the Paying Agent a Fundamental Change Repurchase 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 Repurchase Notice in accordance with Section 11.04 hereof. 

(b) Timing of Payment. Upon the Paying Agent’s receipt of (i) a valid Fundamental Change Repurchase Notice (together
with all necessary endorsements) and (ii) the Notes to which such Fundamental Change Repurchase Notice pertains, the Holder of the Notes to which such Fundamental Change Repurchase Notice pertains will be entitled, except to the extent such
Holder has validly withdrawn such Fundamental Change Repurchase Notice in accordance with Section 11.04 hereof, to receive the Fundamental Change Repurchase Price with respect to such Notes on the later of (i) the Fundamental Change
Repurchase Date and (ii)(A) if such Notes are Definitive Notes, the date of delivery of such Notes to the Paying Agent, or (B) if such Notes are Global Notes, the date of book-entry transfer of such Notes to the Paying Agent, or, if such
later date is not a Business Day, the Business Day immediately following such later date. 
 (c) Effect of Deposit. If,
as of 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Company, in accordance with Section 11.08 hereof, has deposited with the Paying Agent money sufficient to pay the Fundamental Change
Repurchase Price for all Notes subject to a Fundamental Change Repurchase Notice validly delivered in accordance with Section 11.03 hereof and not validly withdrawn in accordance with Section 11.04 hereof, at the Close of Business on the
Fundamental Change Repurchase Date: 
  

	 	(1)	the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or
whether or not such Notes are delivered to the Paying Agent); and 

  

	 	(2)	all other rights of the Holders of such Notes with respect to such Notes (other than the right to receive payment of the Fundamental Change Repurchase Price upon
delivery or transfer of such Notes and any Defaulted Amounts with respect to the Notes) will terminate. 

Section 11.06. Notes Repurchased in Part. If any Definitive Note is to be repurchased only in part, the Holder must surrender
such Note 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 of such Note or
such Holder’s attorney-in-fact, duly authorized in writing), whereupon the Company, in accordance with Section 3.07(a) hereof, will promptly execute, and, upon receipt of a Company Order, the Trustee, in accordance with
Section 3.07(a) hereof, will promptly authenticate and deliver, to the surrendering Holder, a new Note or Notes of any authorized denomination or denominations requested by such Holder in aggregate principal amount equal to the portion of the
principal amount of the Note so surrendered which is not repurchased. If any Global Note is 

  
 49 

 
repurchased in part, the Company will instruct the Trustee to decrease the principal amount of such Global Note by the principal amount repurchased. Any Notes that are repurchased or
owned by the Company, whether or not in connection with a Fundamental Change, will be submitted to the Trustee for cancellation and will be duly retired by the Company. 
 Section 11.07. Covenant to Comply with Securities Laws upon Repurchase of Notes. In connection with any repurchase offer pursuant to a Fundamental Change Repurchase Notice under this Article
11, the Company will, to the extent applicable, (i) comply with Rule 13e-4 and any other tender offer rules under the Exchange Act that may be applicable at the time of the offer to repurchase the Notes, (ii) file the related Schedule TO
(or any successor schedule, form or report) under the Exchange Act, and (iii) otherwise comply with any applicable United States federal and state securities laws so as to permit Holders to exercise their rights and obligations under
Section 11.01 hereof in the time and in the manner specified in Sections 11.01 and 11.03 hereof. 
 Section 11.08.
Deposit of Fundamental Change Repurchase Price. Prior to 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date, the Company will deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary or an
Affiliate of either of them is acting as the Paying Agent, will segregate and hold in trust as provided in Section 8.02 hereof) an amount of immediately available funds sufficient to pay the Fundamental Change Repurchase Price of all the Notes
or portions thereof that the Company is required to repurchase on such Fundamental Change Repurchase Date. 

Section 11.09. Covenant Not to Repurchase Notes upon Certain Events of Default. 

(a) General. Notwithstanding anything to the contrary in this Article 11, the Company will not purchase any Notes under this
Article 11 if, as of the Fundamental Change Repurchase Date, the principal amount of the Notes has been accelerated, such acceleration has not been rescinded and such acceleration did not result from a Default that would be cured by the
Company’s payment of the Fundamental Change Repurchase Price. 
 (b) Deemed Withdrawals. If, on any Fundamental
Change Repurchase Date, (i) a Fundamental Change Repurchase Notice for a Note has been validly tendered in accordance with Section 11.03 hereof and has not been validly withdrawn in accordance with Section 11.04 hereof, and
(ii) pursuant to Section 11.09(a), the Company is not permitted to purchase Notes, the Paying Agent, upon receipt of written notice from the Company stating that the Company, pursuant to Section 11.09(a), is not permitted to purchase
Notes, will deem such Fundamental Change Repurchase Notice withdrawn. 
 (c) Return of Notes. If a Holder tenders a Note
for purchase pursuant to this Article 11 and, on the Fundamental Change Repurchase Date, pursuant to Section 11.09(a), the Company is not permitted to purchase such Note, the Paying Agent will (i) if such Note is a Definitive 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. 

  
 50 

 ARTICLE 12 
 CONVERSION 
 Section 12.01. Conversion of Notes.

 (a) Right to Convert. Subject to the procedures for conversion set forth in this Article 12, and subject to prior
maturity, redemption or repurchase, a Holder may convert its Notes prior to 5:00 p.m., New York City time, on the Business Day immediately preceding Stated Maturity. A Holder may convert a portion of the principal amount of Notes if the portion is
$2,000 or an integral multiple of $1,000 in excess thereof. The number of Ordinary Shares issuable or the combination of cash payable and the number of Ordinary Shares issuable, if any, upon conversion of a Note shall be determined as set forth in
Section 12.02. 
 (b) Conversion Procedures. The following procedures shall apply to the conversion of Notes under
this Section 12.01: 
 (i) In respect of a Definitive Note, a Holder must (A) complete and manually
sign the conversion notice on the back of the Note, or a facsimile of such conversion notice; (B) deliver such conversion notice, which is irrevocable, and the Note to the Conversion Agent, with a copy to the Company; (C) to the extent any
Ordinary Shares issuable upon conversion are to be issued in a name other than the Holder’s, furnish appropriate endorsements and transfer documents as may be required by the Conversion Agent; (D) if required pursuant to
Section 12.01(c) below, pay all transfer or similar taxes; and (E) if required pursuant to Section 3.05, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled. 

(ii) In respect of a beneficial interest in a Global Note, a Beneficial Owner must comply with DTC’s procedures for
converting a beneficial interest in a Global Note and, if required pursuant to Section 3.05, pay funds equal to interest payable on the next Interest Payment Date to which such Beneficial Owner is not entitled, and if required, taxes or duties,
if any. 
 With respect to a conversion of a Note pursuant hereto, if the Company elects to satisfy the applicable Conversion
Obligation solely in Ordinary Shares (plus cash in lieu of fractional shares), the Person in whose name any Ordinary Shares shall be issuable upon such conversion and upon delivery of Ordinary Shares pursuant to Section 12.04 shall be treated
as a shareholder of record of the Company, to the extent permitted by law, of such Ordinary Shares as of 5:00 p.m., New York City time, on the relevant Conversion Date. If the Company elects to satisfy the applicable Conversion Obligation in cash
and Ordinary Shares (plus cash in lieu of fractional shares), the Person in whose name any Ordinary Shares shall be issuable upon such conversion will become the holder of record of such Ordinary Shares as of 5:00 p.m., New York City time, on the
last Trading Day (the “Relevant Date”) of the related twenty (20) Trading Day period used to determine the Daily Settlement Amounts. On and after the Conversion Date with respect to a conversion of a Note pursuant hereto, all
rights of the Holder of such Note shall terminate, other than the right to receive the consideration deliverable upon conversion of such Note as provided herein. A Holder of a Note is not entitled, as such, to any rights of a holder of Ordinary
Shares until, if such Holder converts such Note and is entitled pursuant hereto to receive 

  
 51 

 
Ordinary Shares in respect of such conversion, 5:00 p.m., New York City time, on the Conversion Date or the Relevant Date or respective Conversion Dates or Relevant Dates, as the case may be,
with respect to such conversion. 
 Upon surrender of a Note that is converted in part, the Company shall execute, and the
Trustee or the Authenticating Agent shall authenticate and deliver to the Holder, a new Note in an authorized denomination equal in principal amount to the unconverted portion of the Note surrendered. 

Delivery of Ordinary Shares will be accomplished by delivery to the Conversion Agent of certificates for the relevant number of Ordinary
Shares, other than in the case of Holders of Global Notes in book-entry form with DTC, in which case Ordinary Shares shall be delivered in accordance with DTC customary practices. 

(c) Taxes on Conversion. If a Holder converts Notes, the Company shall pay any documentary, stamp or similar issue or transfer tax
due on the issuance and delivery of Ordinary Shares upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent
may refuse to deliver the certificates representing the Ordinary Shares being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which shall be due because the shares are to be
issued in a name other than the Holder’s name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law. 

(d) Certain Covenants of the Company. 
 (i) The Company shall, prior to issuance of any Notes hereunder, and from time to time as may be necessary, reserve out of its authorized but unissued Ordinary Shares or Ordinary Shares held in treasury,
a sufficient number of Ordinary Shares, free of preemptive rights, to permit the conversion of the Notes. 
 (ii)
All Ordinary Shares delivered upon conversion of the Notes shall be newly issued shares or treasury shares, shall be duly and validly issued and fully paid and nonassessable and shall be free from preemptive rights and free of any lien or adverse
claim. 
 (iii) The Company shall endeavor promptly to comply with all federal and state securities laws
regulating the issuance and delivery of Ordinary Shares upon the conversion of Notes, if any, and shall cause to have listed or quoted all such Ordinary Shares on each U.S. national securities exchange or over-the-counter or other domestic market on
which the Ordinary Shares is then listed or quoted. 
 (iv) Before taking any action which would cause an
adjustment increasing the Conversion Rate to an amount that would cause the Conversion Price to be reduced below the then par value per share of the Ordinary Shares, if any, of the Ordinary Shares issuable upon conversion of the Notes, the Company
should take all corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue shares of such Ordinary Shares at such adjusted Conversion Rate. 

  
 52 

 Section 12.02. Conversion Procedure; Settlement Upon Conversion. 

(a) Subject to this Section 12.02, Section 12.05(b) and Section 12.06, upon conversion of any Note, the Company shall pay
or deliver, as the case may be, to the converting Holder, in respect of each $1,000 principal amount of Notes being converted, Ordinary Shares, together with cash, if applicable, in lieu of any fractional Ordinary Share in accordance with subsection
(i) of this Section 12.02 (“Physical Settlement”), cash (“Cash Settlement”), or a combination of Ordinary Shares and cash, together with cash, if applicable, in lieu of any fractional Ordinary Share in
accordance with subsection (i) of this Section 12.02 (“Combination Settlement”) (subject to the settlement provisions of this Section 12.02, the “Conversion Obligation”), at the Company’s
election, as set forth in this Section 12.02. 
 (i) All conversions occurring on or after the 25th
Scheduled Trading Day immediately preceding the Stated Maturity, and all conversions occurring after the Company’s issuance of a notice of redemption with respect to the Notes and prior to 5:00 p.m., New York City time, on the Scheduled Trading
Day immediately preceding the related Redemption Date, shall be settled using the same Settlement Method. 
 (ii)
With respect to conversions occurring prior to the 25th Scheduled Trading Day immediately preceding the Stated Maturity (except conversions occurring after the Company’s issuance of a notice of redemption with respect to the Notes and prior to
5:00 p.m., New York City time, on the Scheduled Trading Day immediately preceding the related Redemption Date) 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. 
 (iii) If, in respect of any Conversion Date, the Company elects to deliver a notice (the “Settlement Notice”) of the relevant Settlement Method in respect of such Conversion Date (or such
period, as the case may be), the Company, through the Trustee, shall deliver such Settlement Notice to converting Holders no later than 5:00 p.m., New York City time, on the second Trading Day immediately following the relevant Conversion Date (or,
in the case of any conversions occurring (x) after the date of issuance of a notice of redemption with respect to the Notes and prior to the related Redemption Date, in such notice of redemption or (y) on or after the 25th Scheduled
Trading Day immediately preceding the Stated Maturity, no later than the 25th Scheduled Trading Day immediately preceding the Stated Maturity). If the Company does not elect a Settlement Method for a conversion prior to the deadline set forth in the
immediately preceding sentence, the Company shall be deemed to have elected Physical Settlement in respect of its Conversion Obligation. Such Settlement Notice shall specify the relevant Settlement Method and in the case of an election of
Combination Settlement, the relevant Settlement Notice shall indicate the Specified Dollar Amount. If the Company delivers a Settlement Notice electing Combination Settlement in respect of its Conversion Obligation prior to the deadline set forth
above but does not indicate a Specified Dollar Amount in such Settlement Notice, the Specified Dollar Amount shall be deemed to be $1,000. 

  
 53 

 (iv) The Ordinary Shares, cash, or combination of Ordinary Shares and cash
in respect of any conversion of 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 Ordinary Shares equal to the Conversion Rate in effect on the Conversion Date; 

(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 20 consecutive Trading Days during the related
Observation Period; and 
 (C) if the Company elects (or is deemed to have elected) to satisfy its Conversion
Obligation in respect of such conversion by Combination Settlement, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each $1,000 principal amount of Notes being converted, a Settlement Amount equal to the
sum of the Daily Settlement Amounts for each of the 20 consecutive 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 Trading Day of the applicable 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 Ordinary Shares. The Trustee and the Conversion Agent (if other than the
Trustee) shall have no responsibility for any such determination. 
 (b) Subject to Section 12.01(c), before any Holder of
a Note shall be entitled to convert a Note as set forth above, such Holder shall (i) in the case of a Global Note, comply with the Applicable Procedures and, if required, pay funds equal to interest payable on the next Interest Payment Date to
which such Holder is not entitled as set forth in Section 12.02(h) and (ii) in the case of a Definitive Note (1) complete, manually sign and deliver an irrevocable notice to the Conversion Agent as set forth in the Form of Notice of
Conversion (or a facsimile thereof) (a “Notice of Conversion”) at the office of the Conversion Agent and state in writing therein the principal amount of Notes to be converted and the name or names (with addresses) in which such
Holder wishes the certificate or certificates for any Ordinary Shares to be delivered upon 

  
 54 

 
settlement of the Conversion Obligation to be registered, (2) surrender such Notes, duly endorsed to the Company or in blank (and accompanied by appropriate endorsement and transfer
documents), at the office of the Conversion Agent, (3) if required, furnish appropriate endorsements and transfer documents and (4) if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is
not entitled as set forth in Section 12.02(h). The Trustee (and if different, the Conversion Agent) shall notify the Company of any conversion pursuant to this Article 12 on the Conversion Date for such conversion. No Notice of Conversion with
respect to any Notes may be surrendered by a Holder thereof if such Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of such Notes and not validly withdrawn such Fundamental Change Repurchase Notice in
accordance with Section 12.05(a). 
 If more than one Note shall be surrendered for conversion at one time by the same
Holder, the Conversion Obligation with respect to such Notes shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered. 

(c) A Note shall be deemed to have been converted (the “Conversion Date”) (i) if the Holder has complied with the
requirements set forth in subsection (b) above prior to the Close of Business on any Business Day, then immediately prior to Close of Business on such Business Day and (ii) if the Holder has complied with the requirements set forth in
subsection (b) above after the Close of Business on any Business Day, then immediately prior to Close of Business on the immediately succeeding Business Day. Except as provided in Section 10.02(d) and Section 12.05(a), the Company
shall pay or deliver, as the case may be, the consideration due in respect of the Conversion Obligation on the third Business Day immediately following the relevant Conversion Date, if the Company elects Physical Settlement, or on the third Business
Day immediately following the last Trading Day of the applicable Observation Period, in the case of any other Settlement Method. If any Ordinary Shares are due to converting Holders, the Company shall issue or cause to be issued, and deliver to the
Conversion Agent or to such Holder, or such Holder’s nominee or nominees, certificates or a book-entry transfer through the Depositary for the full number of Ordinary Shares to which such Holder shall be entitled in satisfaction of the
Company’s Conversion Obligation. 
 (d) In case any Note shall be surrendered for partial conversion, the Company shall
cause the principal balance of a Global Note to be adjusted in accordance with the Applicable Procedures, or shall execute and the Trustee shall authenticate and deliver to or upon the written order of the Holder of the Note so surrendered a new
Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Note, without payment of any service charge by the converting Holder but, if required by the Company or Trustee, with
payment of a sum sufficient to cover any transfer tax or similar governmental charge required by law or that may be imposed in connection therewith as a result of the name of the Holder of the new Notes issued upon such conversion being different
from the name of the Holder of the old Notes surrendered for such conversion. 
 (e) Except as provided in Section 12.03,
no adjustment shall be made for dividends on any shares issued upon the conversion of any Note as provided in this Article 12. 

  
 55 

 (f) Upon the conversion of an interest in a Global Note, the Trustee, or the Securities
Custodian at the direction of the Trustee, shall make a notation on the “Schedule of Increases or Decreases in Global Note” to such Global Note as to the reduction in the principal amount represented thereby. The Company shall notify the
Trustee in writing of any conversion of Notes effected through any Conversion Agent other than the Trustee. 
 (g) Upon
conversion, a Holder shall not receive any separate cash payment for accrued and unpaid interest, if any, except as set forth below. The Company’s settlement of the Conversion Obligation shall be deemed to satisfy in full its obligation to pay
the principal amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date. As a result, accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date shall be deemed to
be paid in full rather than cancelled, extinguished or forfeited. Upon a conversion of Notes into a combination of Ordinary Shares and cash, accrued and unpaid interest will be deemed to be paid first out of the cash paid upon such conversion.
Notwithstanding the foregoing, if Notes are converted after 5:00 p.m., New York City time, on a Regular Record Date, Holders of such Notes as of 5:00 p.m., New York City time, on such Regular Record Date will receive the full amount of interest
payable on such Notes on the corresponding Interest Payment Date notwithstanding the conversion. Notes surrendered for conversion during the period from 5:00 p.m., New York City time, on any Regular Record Date to 9:00 a.m., New York City time, on
the immediately following Interest Payment Date must be accompanied by funds equal to the amount of interest payable on the Notes so converted; provided that no such payment shall be required (1) for conversions following the
Regular Record Date immediately preceding the Stated Maturity; (2) if the Company has specified a Redemption Date that is after a Regular Record Date and on or prior to the corresponding Interest Payment Date; (3) if the Company has
specified a Fundamental Change Repurchase Date that is after a Regular Record Date and on or prior to the Business Day immediately following the corresponding Interest Payment Date; or (4) to the extent of any Defaulted Amounts, if any
Defaulted Amounts exist at the time of conversion with respect to such Note. 
 (h) Each conversion shall be deemed to have been
effected as to any Notes surrendered for conversion as of the Conversion Date; provided, however, that the Person in whose name the certificate for any Ordinary Shares shall be issuable upon such conversion is registered shall be
treated as a shareholder of record as of 5:00 p.m., New York City time, on the relevant Conversion Date (if the Company elects to satisfy the related Conversion Obligation by Physical Settlement) or the last Trading Day of the relevant Observation
Period (if the Company elects (or is deemed to have elected) to satisfy the related Conversion Obligation by Combination Settlement), as the case may be. Upon a conversion of Notes, such Person shall no longer be a Holder of such Notes surrendered
for conversion. 
 (i) The Company shall not issue any fractional Ordinary Share upon conversion of the Notes and shall instead
pay cash in lieu of any fractional Ordinary Share issuable upon conversion based on the Daily VWAP on the relevant Conversion Date (in the case of Physical Settlement) or based on the Daily VWAP on the last Trading Day of the relevant Observation
Period (in the case of Combination Settlement). For each Note surrendered for conversion, if the Company has elected (or is deemed to have 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 

  
 56 

 Section 12.03. Adjustments to Conversion Rate. The Conversion Rate shall be
adjusted by the Company as follows: 
 (a) If the Company issues Ordinary Shares to all or substantially all holders of Ordinary
Shares as a dividend or distribution, the Conversion Rate will be adjusted based on the following formula: 
  
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution;
			
	CR’	  	=	  	the Conversion Rate in effect on the Ex-Dividend Date for such dividend or distribution;
			
	OS0	  	=	  	the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution;
and
			
	OS’	  	=	  	the number of Ordinary Shares that would be outstanding immediately after, and solely as a result of, such dividend or distribution.

 Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Dividend Date
for such dividend or distribution. If any dividend or distribution of the type described in this Section 12.03(a) is declared but not so paid or made, the Conversion Rate shall again be adjusted, effective as of the date the Company publicly
announces not to make such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 (b) If the Company effects a subdivision or combination of Ordinary Shares, the Conversion Rate will be adjusted based on the following formula: 

 
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the effective date of such subdivision or
combination;

  
 57 

					
	CR’	  	=	  	the Conversion Rate in effect on the effective date of such subdivision or combination;
			
	OS0	  	=	  	the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the effective date of such subdivision or combination;
and
			
	OS’	  	=	  	the number of Ordinary Shares that would be outstanding immediately after, and solely as a result of, such subdivision or combination.

 Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on the date on which
such split or combination becomes effective. 
 (c) If the Company issues to all or substantially all the holders of Ordinary
Shares any rights or warrants (other than pursuant to any rights plan described in Section 12.03(d)(iii) below) entitling them to purchase, for a period of not more than 45 calendar days after the date of the announcement for such issuance,
Ordinary Shares at an aggregate price per share less than the average of the Last Reported Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the date such issuance was
first publicly announced, then the Conversion Rate will be adjusted based on the following formula: 
  
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such issuance;
			
	CR’	  	=	  	the Conversion Rate in effect on the Ex-Dividend Date for such issuance;
			
	OS0	  	=	  	the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such issuance;
			
	Y	  	=	  	the total number of Ordinary Shares issuable pursuant to such rights or warrants; and
			
	Z	  	=	  	the number of Ordinary Shares equal to the quotient of (x) the aggregate price payable to exercise such rights or warrants divided by (y) the average of the Last Reported Sale
Prices of Ordinary Shares during the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the date such issuance was first publicly announced.

  
 58 

 For purposes of this Section 12.03(c), in determining whether any rights or warrants entitle the
Holders to subscribe for or purchase Ordinary Shares at less than the average of the applicable Last Reported Sale Prices, and in determining the aggregate exercise or conversion price payable for such Ordinary Shares, there shall be taken into
account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, with the value of such consideration, if other than cash, to be determined by the Board of Directors of the
Company. If any rights or warrants of the type described in this Section 12.03(a) are not so issued, the Conversion Rate shall again be readjusted, effective as of the date the Company publicly announces not to issue such rights or warrants, to
the Conversion Rate that would then be in effect if such issuance had not been declared. If any right or warrant described in this Section 12.03(c) is not exercised or converted prior to the expiration of the exercisability or convertibility
thereof, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect if such right or warrant had not been so issued. Any adjustment made pursuant to this Section 12.03(c) shall become effective immediately prior
to 9:00 a.m., New York City time, on the Ex-Dividend Date for the applicable distribution. 
 (d) If the Company distributes
shares of Capital Stock, evidences of its indebtedness or other assets, including securities, of the Company to all or substantially all the holders of the Ordinary Shares, excluding: 

(i) any dividends or distributions referred to in Section 12.03(a) above; 

(ii) shares delivered in connection with subdivisions of Ordinary Shares referred to in Section 12.03(b) above;

 (iii) rights and warrants referred to in Section 12.03(c) above; 

(iv) Spin-Offs to which the provisions set forth below in this Section 12.03(d) shall apply; 

(v) the rights or warrants referred to in this Section 12.03(d) below (to the extent and as specified therein); and

 (vi) dividends or distributions referred to in Section 12.03(e) below. 

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

 
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such
distribution;

  
 59 

					
	CR’	  	=	  	the Conversion Rate in effect on the Ex-Dividend Date for such distribution;
			
	SP0	  	=	  	the average of the Last Reported Sale Prices of Ordinary Shares over the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the Ex-Dividend Date for
such distribution; and
			
	FMV	  	=	  	the Fair Market Value (as determined by the Board of Directors of the Company) on the Ex-Dividend Date for such distribution of the shares of Capital Stock, evidences of
indebtedness, or assets, including securities, so distributed, expressed as an amount per Ordinary Share.

 Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Dividend Date
for the applicable distribution. 
 If “FMV” (as defined above) is equal to or greater than “SP0” (as defined above), other than in respect to a Public Spin-Off, in
lieu of the adjustment described in this Section 12.03(d), each Holder of Notes shall be entitled to receive upon conversion, in addition to Ordinary Shares, and, if applicable, cash payable on conversion, the kind and amount of assets
(including cash), shares of Capital Stock, evidences of indebtedness, securities or rights, warrants or options to purchase the Company’s securities, as applicable, that such Holder would have received if such Holder had converted such Notes
immediately prior to the record date for determining the shareholders entitled to receive such distribution. 
 With respect to an adjustment
pursuant to this Section 12.03(d) where there has been a payment of a dividend or other distribution on the Ordinary Shares consists of shares of Capital Stock of any class or series, or similar Equity Interest, in a Subsidiary or other
business unit (a “Spin-Off”), that are, or, when issued, will be, traded or listed on the Nasdaq Stock Market, the New York Stock Exchange or any other U.S. national securities exchange or market (a “Public
Spin-Off”), then the Conversion Rate in effect immediately prior to 9:00 a.m., New York City time, on the Ex-Dividend Date of the distribution will be increased based on the following formula: 

 
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such distribution;
			
	CR’	  	=	  	the Conversion Rate in effect on the Ex-Dividend Date for such distribution;
			
	FMV0	  	=	  	the average of the Last Reported Sale Prices of the Capital Stock or similar Equity Interests distributed to holders of Ordinary Shares applicable to one share of Ordinary Shares
during the 10 consecutive Trading Day period commencing on, and including, the effective date of the Spin-Off; and

  
 60 

					
	MP0	  	=	  	the average of the Last Reported Sale Prices of Ordinary Shares during the 10 consecutive Trading Day period commencing on, and including, the effective date of the
Spin-Off.

 Such adjustment shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Dividend Date
for such distribution. 
 If any such dividend or distribution described in this Section 12.03(d) is declared but not paid or made, the
Conversion Rate shall be readjusted, effective as of the date the Company publicly announces not to make such dividend or distribution, to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

 Notwithstanding the delivery requirements set forth under Section 12.02, if an adjustment to the Conversion Rate is required pursuant to
this Section 12.03(d) during any settlement period in respect of Notes that have been tendered for conversion, delivery of the related conversion consideration will be delayed to the extent necessary in order to complete the calculations
provided for in this Section 12.03(d). 
 For purposes of Conversion Rate adjustments pursuant to this Section 12.03(d), rights or
warrants distributed by the Company to all or substantially all holders of Ordinary Shares entitling the holders thereof to subscribe for or purchase shares of Capital Stock (either initially or under certain circumstances), which rights or
warrants, until the occurrence of a specified event or events (a “Trigger Event”): (i) are deemed to be transferred with such Ordinary Shares; (ii) are not exercisable; and (iii) are also issued in respect of future
issuances of Ordinary Shares, shall be deemed not to have been distributed for purposes of Conversion Rate adjustments pursuant to this Section 12.03(d) and no adjustment to the Conversion Rate will be required until the occurrence of the
earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this Section 12.03(d), except as set forth under
Section 12.06. If any such rights or warrants are subject to events, upon the occurrence of which such rights or warrants become exercisable to purchase or exchangeable for additional or 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 Trigger Event with respect to new rights or warrants with such rights (and a termination or expiration of the existing rights or
warrants to the extent not exercised by any of the holders thereof), except as set forth in Sections 12.08 and 12.10. In addition, except as set forth in Section 12.06, in the event of any distribution (or deemed distribution) of rights or
warrants, or any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted for purposes of calculating a distribution amount for which an adjustment to the Conversion Rate under this
Section 12.03(d) or Section 12.08 was made, (a) in the case of any such rights or warrants that shall all have been redeemed or repurchased without exercise by any holders thereof, the Conversion Rate shall be readjusted upon such
final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or repurchase price received by a holder or holders of Ordinary

  
 61 

 
Shares with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders of Ordinary Shares as of the date of such redemption or repurchase,
and (b) in the case of such rights or warrant that shall have expired or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not been issued. 

(e) If any dividends or other distributions by the Company consisting exclusively of cash to all or substantially all holders of Ordinary
Shares (other than dividends or distributions made in connection with liquidation, dissolution or winding-up of the Company), the Conversion Rate will be adjusted based on the following formula: 

 
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution;
			
	CR’	  	=	  	the Conversion Rate in effect on the Ex-Dividend Date for such dividend or distribution;
			
	SP0	  	=	  	the average of the Last Reported Sale Prices of the Ordinary Shares during the 10 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 of Ordinary Shares that the Company pays as a dividend or otherwise distributes to holders of Ordinary Shares.

 An adjustment to the Conversion Rate made pursuant to this Section 12.03(e) shall become effective immediately
prior to 9:00 a.m., New York City time, on the Ex-Dividend Date for the applicable dividend or distribution. 
 If
“C” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the adjustment described in this Section 12.03(e), each Holder of Notes shall be entitled to receive upon conversion, in addition to Ordinary Shares, and, if
applicable, cash payable on conversion, the amount of cash that such Holder would have received if such Holder had converted such Notes immediately prior to the record date for determining the shareholders entitled to receive such dividend or
distribution. 
 If any such dividend or distribution described in this Section 12.03(d) is declared but not paid or made, the Conversion
Rate shall be readjusted, effective as of the date the Company publicly announces not to make such dividend or distribution, to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 

  
 62 

 (f) If the Company or any of its Subsidiaries purchases Ordinary Shares pursuant to a tender
offer or exchange offer made by the Company or any of its Subsidiaries for all or any portion of the Ordinary Shares, to the extent that the Fair Market Value (as determined below) of the cash and any other consideration included in the payment per
Ordinary Share, exceeds the Last reported Sale Price of Ordinary Shares on the Trading Day immediately after the last date on which tenders or exchanges may be made pursuant to such tender offer or exchange offer (the “Expiration
Date”), as it may be amended, the Conversion Rate will be adjusted based on the following formula: 
  
 

 
 where, 

 

					
	CR0	  	=	  	the Conversion Rate in effect at 5:00 p.m., New York City time, on the Expiration Date;
			
	CR’	  	=	  	the Conversion Rate in effect on the Trading Day immediately following the Expiration Date;
			
	AC	  	=	  	the Fair Market Value (as determined by the Board of Directors of the Company) on the Expiration Date, of the aggregate value of all cash and other consideration paid or payable for
the Ordinary Shares validly tendered or exchanged and not withdrawn as of the Expiration Date;
			
	OS0	  	=	  	the number of Ordinary Shares outstanding immediately before the last time tenders or exchanges may be made pursuant to such tender or exchange offer (the “Expiration
Time”) (prior to giving effect to such tender or exchange offer);
			
	OS’	  	=	  	the number of Ordinary Shares outstanding immediately after the Expiration Time (after giving effect solely to such tender or exchange offer); and
			
	SP’	  	=	  	the average of the Last Reported Sale Prices of Ordinary Shares during the 10 consecutive Trading Day period commencing on, and including, the Trading Day immediately after the
Expiration Date.

 The adjustment to the Conversion Rate under this Section 12.03(f) shall become effective immediately prior to
9:00 a.m., New York City time, on the tenth Trading Day from, and including, the Trading Day immediately after the Expiration Date. If the Company or one of its Subsidiaries is obligated to purchase Ordinary Shares pursuant to any such tender or
exchange offer but is prevented by applicable law from effecting any such purchase, or all such purchases are rescinded, the Conversion Rate shall be readjusted to be the Conversion Rate that would be in effect if such tender or exchange offer had
not been made. Except as set forth in the previous sentence, if the application of the foregoing formula in this clause (f) would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate will be made. 

  
 63 

 Notwithstanding the delivery requirements set forth under Section 12.02, if an adjustment to the
Conversion Rate is required pursuant to this Section 12.03(f) during any settlement period in respect of Notes that have been tendered for conversion, delivery of the related conversion consideration will be delayed to the extent necessary in
order to complete the calculations provided for in this Section 12.03(f). 
 (g) Notwithstanding the foregoing provisions
of this Section 12.03, no adjustment will be made thereunder, nor shall an adjustment be made to the ability of a Holder to convert, for any distribution described therein if the Holder will otherwise participate in the distribution without
conversion of such Holder’s Notes as if such Holder held a number of Ordinary Shares equal to (i) (A) the principal amount of Notes held by such Holder, divided by (B) 1,000, multiplied by (ii) the Conversion Rate in effect
immediately prior to the Ex-Dividend Date, Expiration Date or other effective date of the applicable transaction, without having to convert their Notes. 
 (h) No adjustment to the Conversion Rate will be made unless as specifically set forth in this Section 12.03, Section 12.08 or Section 12.10. 

(i) Without limiting the foregoing, no adjustment to the Conversion Rate need be made: 

(i) except as specifically provided herein, for the issuance of Ordinary Shares or any securities convertible into or
exchangeable for Ordinary Shares or carrying the right to purchase Ordinary Shares or any such security; 
 (ii)
for rights to purchase Ordinary Shares pursuant to a Company plan for reinvestment of dividends or interest; or 

(iii) for a change in the par value or no par value of Ordinary Shares. 

To the extent the Notes become convertible pursuant to this Article 12 into cash, no adjustment need be made thereafter as to the
cash. Interest will not accrue on the cash into which Notes are convertible. 
 If the Company publicly announces its intention
to enter into a transaction that would involve a sale, lease, transfer, conveyance or other disposition of all or substantially all of its property or assets to another Person which the Company reasonably believes will result in (i) a
Fundamental Change, (ii) another Person’s assumption of the Company’s obligations under the Indenture and the Notes, and (iii) a dividend or other distribution of consideration received in such transaction to holders of Ordinary
Shares, Holders of Notes will not have any rights to receive cash, Capital Stock, evidences of indebtedness, securities or rights, warrants or options to purchase securities, or any other property or assets (or any combination thereof) that are
distributed to holders of Ordinary Shares in connection with any such transaction and no adjustment to the Conversion Rate will be made unless such Holder of Notes shall have given its Notice of Conversion prior to 5:00 p.m., New York City time, on
the record date for any such distribution; provided that the Company shall have given notice to Holders of the Notes of and publicly announced by press release, in each case not less than 20 days prior to such record date, such record date and
specifying that Holders must convert prior to 5:00 p.m., New York City time, on such record date in order to participate in such distribution. 

  
 64 

 (j) All required calculations will be made to the nearest cent or 1/10,000th of a share, as
the case may be. If a Conversion Rate adjustment becomes effective on any Ex-Dividend Date in accordance with Section 12.03, and a Holder that has converted its Notes on or after such Ex-Dividend Date and on or prior to the related record date
would be treated as the record holder of Ordinary Shares as of the related Conversion Date as provided in Section 12.01(b) based on an adjusted Conversion Rate for such Ex-Dividend Date, then, notwithstanding the Conversion Rate adjustment
provisions in Section 12.03, the Conversion Rate adjustment relating to such Ex-Dividend Date shall not be made for such converting Holder. Instead, such Holder shall be treated as if such Holder were the record owner of Ordinary Shares on an
unadjusted basis on such Conversion Date and participate in the related dividend, distribution or other event giving rise to such adjustment. 
 (k) Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly deliver to the Trustee and any Conversion Agent, other than the Trustee, an Officers’ Certificate setting
forth the Conversion Rate after such adjustment and setting forth a brief statement of the facts requiring such adjustment. Unless and until a Trust Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be
deemed to have knowledge of any adjustment of the Conversion Rate and may assume that the last Conversion Rate of which it has knowledge is still in effect. 
 (l) For purposes of this Section 12.03, the number of Ordinary Shares at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect
of scrip certificates issued in lieu of fractions of Ordinary Shares. The Company shall not pay any dividend or makes any distribution on, or issues any rights, options or warrants in respect of, Ordinary Shares held in treasury by the Company.

 (m) Whenever any provision of this Article 12 requires the Company to calculate an average of Last Reported Sale Prices over
multiple days (including the “share price” (as defined below) for purposes of a Fundamental Change), the Company will make appropriate adjustments to account for any adjustment to the Conversion Rate that becomes effective, or any event
requiring an adjustment to the Conversion Rate that occurs, at any time during the period during which the average is to be calculated. In addition, if during a period applicable for calculating the VWAP or Last Reported Sale Price of Ordinary
Shares an event occurs that requires an adjustment to the Conversion Rate, the VWAP or Last Reported Sale Price of Ordinary Shares shall be calculated for such period in a manner determined in good faith by the Company to appropriately reflect the
impact of such event on the price of the Ordinary Shares during such period. 
 (n) The applicable Conversion Rate shall be
adjusted only once for a single event or occurrence that would require an adjustment under more than one of the adjustment events in this Section 12.03. 
 (o) The Company may make such increases in the Conversion Rate, in addition to those required by Section 12.03(a), (b), (c), (d), (e) and (f), as the Board of Directors

  
 65 

 
of the Company considers to be advisable to avoid or diminish any income tax to holders of Ordinary Stock or rights to purchase Ordinary resulting from any dividend or distribution of stock (or
rights to acquire stock) or from any event treated as such for income tax purposes. 
 (p) To the extent permitted by applicable
law and subject to the applicable rules of the New York Stock Exchange or the applicable rules of any stock exchange on which the Ordinary Shares are listed at the relevant time, the Company from time to time may increase the Conversion Rate by any
amount for any period of time if the period is at least twenty (20) Business Days, the increase is irrevocable during the period and the Board of Directors of the Company shall have made a determination that such increase would be in the best
interests of the Company, which determination shall be conclusive. Whenever the Conversion Rate is increased pursuant to the preceding sentence, the Company shall send to Holders of the Notes a notice of the increase at least fifteen
(15) calendar days prior to the date the increased Conversion Rate takes effect, and such notice shall state the increased Conversion Rate and the period during which it will be in effect. 

Section 12.04. Make-Whole Payment in Connection with a Voluntary Conversion. In addition to the consideration due upon
conversion under Section 12.01, each Holder who elects to convert any of its Notes at the Holder’s option after July 15, 2013 and prior to July 15, 2016 will receive a number of additional Ordinary Shares (the “Voluntary
Conversion Make-Whole Payment”) for the Notes being converted. The Voluntary Conversion Make-Whole Payment will equal a number of Ordinary Shares equal to 1.75 years’ worth of interest payments per $1,000 principal amount of Notes (or
$96.25), divided by the greater of (i) the VWAP of the Ordinary Shares on the Conversion Date, and (ii) $1.25 (subject to inversely proportionate adjustment in the event of any adjustment to the Conversion Rate pursuant to
Section 12.03). Delivery of any Ordinary Shares in satisfaction of any Voluntary Conversion Make-Whole Payment will be made within three Business Days of the Conversion Date, in the same manner as Ordinary Shares delivered in settlement of the
Conversion Obligation (including with respect to cash in lieu of fractional shares) described in Section 12.01. Notwithstanding the foregoing, if in connection with any conversion the Conversion Rate is adjusted pursuant to Section 12.05,
then such Holder will not be eligible to receive the Voluntary Conversion Make-Whole Payment with respect to such Note. 

Section 12.05. Adjustment to Shares Delivered upon Conversion upon a Fundamental Change. 

(a) General. If a Fundamental Change (determined after giving effect to the paragraph immediately following clause (iv) of
the definition thereof, but without regard to the exclusion in clause (ii) of the definition thereof) occurs and a Holder elects to convert its Notes in connection with such Fundamental Change, the Company will, in the circumstances described
in this Section 12.05, increase the Conversion Rate for such Notes by the number of additional Ordinary Shares (the “Additional Shares”) described in this Section 12.05. For purposes of this Section 12.05, a
conversion of Notes will be deemed to be “in connection with” a Fundamental Change if the Conversion Notice for such Notes is received by the Conversion Agent during the period beginning on, and including, the Fundamental Change Effective
Date for such Fundamental Change and ending on, and including, the later of (x) the Close of Business on the third Business Day immediately prior to the related Fundamental Change Repurchase Date and

  
 66 

 
(y) the Close of Business on the 30th Business Day immediately following the date the Company delivers notice to each Holder of such Fundamental Change pursuant to this Section 12.05. No
later than 5 Business Days after the effective date of any event described under clause (i) of the definition of Fundamental Change, the Company will notify the Holders of such effective date and issue a press release announcing such effective
date. 
 (b) Determination of Additional Shares. The number of Additional Shares, if any, by which the Conversion Rate
will be increased if a Holder converts a Note in connection with a Fundamental Change will be determined by reference to Sections 12.05(c), (d) and (e) hereof, and will be based on the Fundamental Change Effective Date and the Share Price
for such Fundamental Change. For any Fundamental Change, the “Fundamental Change Effective Date” will mean the effective date of such Fundamental Change. 
 (c) Adjustment of Share Prices and Additional Shares. The Share Prices set forth in the first row (i.e., the column headers) of the table below will be adjusted on each date on which the Conversion
Rate must be adjusted pursuant to Section 12.03. The adjusted Share Prices will equal the Share Prices in effect immediately prior to such adjustment, multiplied by a fraction, (i) the numerator of which is the Conversion Rate in effect
immediately prior to the adjustment giving rise to the Share Price adjustment, and (ii) the denominator of which is the Conversion Rate in effect immediately after the adjustment. The numbers of Additional Shares set forth in the table below
will be adjusted in the same manner, at the same time and for the same events for which the Conversion Rate is adjusted pursuant to Section 12.03 hereof. 
 (d) Additional Shares Table. The following table sets forth hypothetical Fundamental Change Effective Dates, Share Prices and the number of Additional Shares by which the Conversion Rate will be
increased per $1,000 principal amount of Notes for a Holder that converts a Note in connection with a Fundamental Change having such Fundamental Change Effective Date and Share Price. 

 

																																									
	 	  	Share Price	 
	 Effective Date
	  	$1.95	 	  	$2.10	 	  	$2.39	 	  	$2.75	 	  	$3.58	 	  	$4.50	 	  	$5.50	 	  	$6.75	 	  	$8.25	 	  	$10.00	 
	 July 16, 2013
	  	 	94.1910	  	  	 	82.5900	  	  	 	68.3640	  	  	 	56.5020	  	  	 	38.6230	  	  	 	26.5240	  	  	 	17.9650	  	  	 	10.8330	  	  	 	5.1260	  	  	 	1.1650	  
	 July 15, 2014
	  	 	94.1910	  	  	 	71.2430	  	  	 	57.4440	  	  	 	47.4250	  	  	 	32.5810	  	  	 	22.5380	  	  	 	15.4330	  	  	 	9.5110	  	  	 	4.7750	  	  	 	1.0440	  
	 July 15, 2015
	  	 	94.1910	  	  	 	60.4570	  	  	 	45.3810	  	  	 	37.3420	  	  	 	25.7770	  	  	 	17.9560	  	  	 	12.4200	  	  	 	7.8090	  	  	 	4.1200	  	  	 	0.8080	  
	 July 15, 2016
	  	 	94.1910	  	  	 	50.6810	  	  	 	32.2930	  	  	 	26.3240	  	  	 	18.2650	  	  	 	12.8200	  	  	 	8.9670	  	  	 	5.7560	  	  	 	3.1880	  	  	 	0.4060	  
	 July 15, 2017
	  	 	94.1910	  	  	 	39.9000	  	  	 	18.3470	  	  	 	14.0510	  	  	 	9.8070	  	  	 	6.9420	  	  	 	4.9150	  	  	 	3.2240	  	  	 	1.8730	  	  	 	0.0000	  
	 July 15, 2018
	  	 	94.1910	  	  	 	28.2440	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  

 (e) Use of Additional Shares Table. If the Share Price and/or Fundamental Change Effective Date
for a Fundamental Change are not set forth in the table above, then: 
  

	 	(1)	 if the Share Price is between two Share Prices in the table or the Fundamental Change Effective Date is between two Fundamental Change Effective Dates
in the table, the number of Additional Shares by which the 

  
 67 

	 	
Conversion Rate will be increased for a Holder that converts a Note in connection with such Fundamental Change will be determined by a straight-line interpolation between the number of Additional
Shares set forth for the higher and lower Share Prices listed in the table and the earlier and later Fundamental Change Effective Dates listed in the table, as applicable, based on a 365-day year; 

 

	 	(2)	if the Share Price is greater than $10.00, subject to adjustment in the same manner as the Share Prices set forth in the column headings of the table, no Additional
Shares will be added to the Conversion Rate; and 

  

	 	(3)	if the Share Price is less than $1.95, subject to adjustment in the same manner as the Share Prices set forth in the column headings of the table, no Additional Shares
will be added to the Conversion Rate. 

 Notwithstanding the foregoing, in no event will the Conversion Rate be increased as a
result of this Section 12.05 to exceed 512.8199 Ordinary Shares per $1,000 principal amount of Notes, subject to adjustment in the same manner, at the same time and for the same events for which the Conversion Rate must be adjusted as set forth
in Section 12.03 hereof. 
 (f) Settlement or Conversion. Except as provided in Section 12.06 hereof, if a
Holder converts a Note in connection with a Fundamental Change, the Company will settle such conversion by delivering a number of Ordinary Shares and an amount of cash in lieu of fractional Ordinary Shares in accordance with this Article 12 hereof;
provided, however, that notwithstanding anything to the contrary in this Article 12 hereof, if a Holder converts a Note in connection with a Fundamental Change described in clause (ii) of the definition of Fundamental Change in which the
holders of the Ordinary Shares receive only cash in consideration for their Ordinary Shares, the Company will settle such conversion by delivering to such 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 (i) the Conversion Rate on the Conversion Date applicable to such Note (including any Additional Shares added to such Conversion Rate pursuant to
this Section 12.05) and (ii) the Share Price for such Fundamental Change. 
 Section 12.06. Effect of
Recapitalizations, Recapitalizations, Reclassifications, and Changes of Ordinary Shares. 
 (a) If the Company
(i) recapitalizes, reclassifies or changes the Ordinary Shares (other than changes in par value or changes resulting from a subdivision or combination to which Section 12.02(b) applies), (ii) consolidates or merges with or into any
Person or sells, leases, transfers, conveys or otherwise disposes of all or substantially all of the property or assets of the Company and its Subsidiaries to another Person, or (iii) participates in any statutory share exchange, (any such
event or transaction described under (i), (ii) or (iii), a “Reorganization Event”), and, in either case, holders of Ordinary Shares receive stock, other securities or other property or assets (including cash or any combination
thereof), with respect to or in exchange for their Ordinary Shares, then from and after the effective date of such Reorganization Event, each outstanding Note will, without the consent of any Holders of the Notes become convertible into, in lieu of
Ordinary Shares otherwise deliverable, the same type (in the same proportions) of consideration received by holders of Ordinary Shares in such 

  
 68 

 
Reorganization Event (the “Reference Property”) that a Holder would have been entitled to receive upon such Reorganization Event in respect of Ordinary Shares, as provided below.
If the Reorganization Event causes Ordinary Shares to be converted into the right to receive more than a single type of consideration (determined based in part upon any form of shareholder election), the Reference Property will be deemed to be the
kind and amount of consideration elected to be received by a majority of Ordinary Shares voting for such election (if electing between two types of consideration) or a plurality of Ordinary Shares voting for such an election (if electing between
more than two types of consideration), as the case may be. Upon such Reorganization Event, the Company or any Successor Company will enter into a supplemental indenture consistent with the foregoing. Such supplemental indenture shall provide for
provisions and adjustments which shall be as nearly equivalent as may be practicable to the provisions and adjustments provided for in this Article 12 and the definition of Fundamental Change, as appropriate, as determined in good faith by the
Company (which determination shall be conclusive and binding), to make such provisions apply to such other Person if different from the original issuer of the Notes. Notwithstanding anything herein to the contrary, pursuant to Section 12.03(i),
the Notes will not become convertible into, in lieu of Ordinary Shares otherwise deliverable, the Reference Property as described in this Section 12.06 unless such Holder has exercised its conversion right as described in Section 12.03(i).

 (b) At and after the effective time of any such Reorganization Event, settlement of Notes converted, including any Ordinary
Shares that would be delivered pursuant to Section 12.04 shall be in units of Reference Property or cash and units of Reference Property, if applicable, determined in accordance with Section 12.02(a)(iv) above. The Conversion Rate will
relate to units of Reference Property (a “unit” of Reference Property being the kind and amount of Reference Property that a holder of one share of Ordinary Shares would have received in such transaction); and the VWAP for purposes
of Section 12.01 will be calculated based on the value of one unit of Reference Property in a manner reasonably consistent with such definition as determined in good faith by the Board of Directors of the Company. 

(c) The above provisions of this Section 12.06 shall similarly apply to successive Reorganization Events. 

(d) If this Section 12.06 applies to any event or occurrence, Section 12.03 shall not apply in respect of such event or
occurrence. 
 (e) The Company shall not become a party to any Reorganization Event unless its terms are consistent with the
foregoing. None of the foregoing provisions shall affect the right of a Holder of Notes to convert the Notes as set forth in and subject to Section 12.01 prior to the effective time of such Reorganization Event. 

Section 12.07. Responsibility of Trustee. The Trustee and any other Conversion Agent shall not be accountable with respect to
the validity or value (or the kind or amount) of any Ordinary Shares, or of any securities or property, which may at any time be issued or delivered upon the conversion of any Note; and the Trustee and any other Conversion Agent make no
representations with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any cash or Ordinary Shares or stock certificates or other securities or property
upon the surrender of any Note for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article 12. 

  
 69 

 Section 12.08. Shareholder Rights Plan. To the extent that the Company has a
rights plan in effect upon conversion of the Notes into Ordinary Shares, the Holder will receive upon conversion of the Notes in respect of which the Company has elected to deliver Ordinary Shares, if applicable, the rights under the rights plan,
unless prior to any conversion, the rights have separated from the Ordinary Shares, in which case, and only in such case, the Conversion Rate will be adjusted at the time of separation as if the Company distributed to all or substantially all
holders of Ordinary Shares, shares of the Company’s Capital Stock, evidences of indebtedness or assets as described in Section 12.03(d) (with such separation being deemed a Trigger Event for purposes of Section 12.03(d)), subject to
readjustment in the event of the expiration, termination or redemption of such rights. For purposes of calculating the per share Fair Market Value of the shares of the Company’s Capital Stock, evidences of indebtedness or assets, including
securities, distributed with respect to each outstanding Ordinary Share under Section 12.03(d), any Ordinary Shares held by any Person who is ineligible to receive such distribution under the terms of the rights plan shall not be deemed
outstanding. The Company agrees that any rights plan adopted by the Company shall provide for the foregoing rights upon conversion of the Notes. Any distribution of rights or warrants pursuant to a rights plan that would allow Holders to receive
upon conversion, in addition to Ordinary Shares, the rights described therein with respect to such Ordinary Shares (unless such rights or warrants have separated from the Ordinary Shares) shall not constitute a distribution of rights or warrants
that would entitle Holders to an adjustment to the Conversion Rate. 
 Section 12.09. No Stockholder Rights. For the
avoidance of doubt, Holders of Notes will not have any rights as holders of Ordinary Shares (including voting rights and rights to receive any dividends or other distributions on the Ordinary Shares) if and until the Notes are converted into
Ordinary Shares. 
 Section 12.10. Certain Events that Will Not Result in Adjustment. If the Company distributes to
holders of the Ordinary Shares assets (including cash), shares of the Company’s share capital, evidences of indebtedness, securities or rights, warrants or options to purchase the Company’s securities, other than with respect to a public
spin-off, as to which Sections 12.03(d) and (e) hereof apply, if the fair market value (as determined by the Company’s Board of Directors) of the assets (including cash), shares of the Company’s share capital, evidences of
indebtedness, securities or rights, warrants or options so distributed applicable to one Ordinary Share equals or exceeds the average of the Last Reported Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day period ending on the
Trading Day immediately preceding the Ex-Dividend Date for such distribution, rather than being entitled to an adjustment in the conversion rate, a Holder of Notes will be entitled to receive upon conversion, in addition to Ordinary Shares, and, if
applicable, cash payable on conversion, the kind and amount of assets (including cash), shares of the Company’s share capital, evidences of indebtedness, securities or rights, warrants or options to purchase the Company’s securities, as
applicable, that such Holder would have received if such Holder had converted such Notes immediately prior to the Record Date for determining the shareholders entitled to receive the distribution. 

  
 70 

 Section 12.11. Voluntary Increases. The Company may from time to time, to the
extent permitted by law and subject to the applicable rules of the New York Stock Exchange or the applicable rules of any stock exchange on which the Ordinary Shares are listed at the relevant time, increase the conversion rate of the notes by a
specified amount for a period of at least 20 Business Days, if the increase is irrevocable during the period and the Company’s Board of Directors has made a determination that such increase would be in the best interest of the Company. In that
case, the Company will give at least 15 calendar days’ prior notice of the effective date of such increase. The Company may also (but is not required to) make such increases in the conversion rate, in addition to those set forth above, as the
Company’s Board of Directors deems advisable to avoid or diminish any income tax to holders of Ordinary Shares resulting from any dividend or distribution of Ordinary Shares (or rights to acquire Ordinary Shares) or from any event treated as
such for income tax purposes. 
 Section 12.12. Withholding Taxes for Adjustments in Conversion Rate. If the Company
pays withholding taxes on behalf of a Holder as a result of an adjustment to the Conversion Rate, the Company may, at its option, set off such payments against payments of cash and Ordinary Shares on the Notes. 

ARTICLE 13 

MISCELLANEOUS 
 Section 13.01. Integral Part. This First Supplemental Indenture constitutes an integral part of the Base Indenture with respect to the Notes and not to any other series of Securities issued
under the Base Indenture. 
 Section 13.02. Adoption, Ratification And Confirmation. The Base Indenture, as
supplemented and amended by this First Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed, and this First Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and
therein provided. The provisions of this First Supplemental Indenture shall, subject to the terms hereof, supersede the provisions of the Base Indenture to the extent the Indenture is inconsistent herewith. 

Section 13.03. Incorporation Of Trust Indenture Act. The provisions of the Trust Indenture Act applicable to indentures
qualified under the Trust Indenture Act are hereby incorporated into the Indenture and shall be deemed applicable regardless of whether or not the Indenture is so qualified. 
 Section 13.04. Trust Indenture Act Controls. If any provision hereof limits, qualifies or conflicts with another provision which is required to be included in the Indenture by the Trust
Indenture Act, the provision required by the Trust Indenture Act shall control. 
 Section 13.05. Communication by
Holders With Other Holders. Holders may communicate pursuant to Trust Indenture Act § 312(b) with other Holders with respect to their rights under this First Supplemental Indenture or the Notes. The Company, the Trustee, the Registrar and
anyone else shall have the protection of Trust Indenture Act § 312(c). 

  
 71 

 Section 13.06. Rules by Trustee, Paying Agent, Conversion Agent and Registrar.
The Trustee may make reasonable rules for action by, or a meeting of, Holders. The Registrar, Conversion Agent and the Paying Agent may make reasonable rules for their functions. 

Section 13.07. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 13.08. No Recourse Against Others. No past, present
or future incorporator, director, officer, employee, Affiliate or shareholder of the Company, solely by reason of this status, shall not have any liability for any obligations of the Company under the Notes, this First Supplemental Indenture or the
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 waives and releases all such liability. The waiver and release are part of the consideration for the issuance of
the Notes. 
 Section 13.09. Acceptance by Trustee. The Trustee accepts the amendments to the Base Indenture
effected by this First Supplemental Indenture and agrees to execute the trusts created by the Base Indenture as hereby amended, but only upon the terms and conditions set forth in this First Supplemental Indenture and the Base Indenture. Without
limiting the generality of the foregoing, the Trustee assumes no responsibility for the correctness of the recitals contained herein, which shall be taken as the statements of the Company and except as provided in the Indenture the Trustee shall not
be responsible or accountable in any way whatsoever for or with respect to the validity or execution or sufficiency of this First Supplemental Indenture and the Trustee makes no representation with respect thereto.  

Section 13.10. Table of Contents; Headings. The table of contents and headings of the Articles and Sections of this First
Supplemental 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 13.11. Severability Clause. In case any provision in this First Supplemental Indenture shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

 Section 13.12. Multiple Originals. The parties may sign any number of copies of this First Supplemental
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 First Supplemental Indenture, and delivery of an executed counterpart by facsimile or other electronic
means shall be as effective as delivery of a manually executed counterpart thereof. 
 Section 13.13. Calculations.
Except as otherwise provided herein, the Company will be responsible for making all calculations called for under this First Supplemental Indenture and the Notes. The Company will make all such calculations in good faith and, absent manifest error,
its calculations will be final and binding on Holders. The Company upon request will provide a schedule of its calculations to each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is entitled to rely
conclusively upon the accuracy of the Company’s calculations without independent verification. The Trustee will deliver a copy of such schedule to any Holder upon the request of such Holder. 

  
 72 

 [Remainder of the page intentionally left blank] 

  
 73 

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

					
	VANTAGE DRILLING COMPANY
		
	By:	 	 /s/ Douglas G. Smith

		 	Name:	 	Douglas G. Smith
		 	Title:	 	Chief Financial Officer and Treasurer
	
	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 144A, IAI, REG S NOTE] 
 [Insert the Global Note Legend, if
applicable] 
 [Insert the Private Placement Legend, if applicable] 

[Insert the Regulation S Temporary Global Note Legend, if applicable] 

 

			
	No. [        ]	  	Principal Amount $[        ]
		  	CUSIP NO.: [            ]
		  	ISIN: [                 ]

 5.50% Convertible Senior Notes due 2043 

Vantage Drilling Company, a Cayman Islands exempted company, promises to pay to [CEDE & CO., or its registered assigns]1, the principal sum of
[        ] DOLLARS], [as revised by the Schedule of Increases and Decreases in Global Note attached hereto]2 on July 15, 2043. 
  

			
	Interest Payment Dates:	  	January 15 and July 15
		
	Regular Record Dates:	  	January 1 and July 1
	
	Additional provisions of this Note are set forth on the attached “Terms of Notes.”

  

	1 	Use bracketed language for a Global Note. 

	2 	Use bracketed language for a Global Note. 

  
 A-1

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

Dated: 
  

			
	VANTAGE DRILLING COMPANY
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee, certifies that this is one of the Notes referred to in the First Supplemental Indenture.
		
	By:	 	  

		 	Authorized Signatory

  
 A-2

 TERMS OF NOTES 

5.50% Convertible Senior Notes due 2043 
 This Note is one of a duly authorized issue of a series of Securities of the Company, titled as 5.50% Convertible Senior Notes due 2043 (herein called the “Notes”), issued and to be
issued under and pursuant to an Indenture dated as of July 16, 2013 (the “Base Indenture”), as amended and supplemented by a First Supplemental Indenture dated as of July 16, 2013 (the “First Supplemental
Indenture”); and the Base Indenture, as so amended and supplemented, herein called the “Indenture”), each between Vantage Drilling Company, a Cayman Islands exempted company (such corporation, and its successors and assigns
under the Indenture hereinafter referred to, being herein called the “Company”) and Wells Fargo Bank, National Association, as trustee (herein called the “Trustee”), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes. 

1. Interest 

The Company, promises to pay interest on the principal amount of this Note at the rate of 5.50% per annum. 

The Company will pay interest semiannually in arrears on January 15 and July 15 of each year (each, an “Interest
Payment Date”), commencing January 15, 2014, to Holders of record on the immediately preceding January 1 and July 1, respectively. Interest on the Notes will accrue from the most recent date to which interest has been paid on
the Notes or, if no interest has been paid, from July 16, 2013. Interest will be computed on the basis of a 360-day year of twelve 30-day months. Interest will cease to accrue on a Note, as provided in the Indenture, upon its maturity,
conversion, redemption or repurchase. 
 Pursuant to Section 5.03 of the Indenture, in certain circumstances, the Company
will pay Additional Interest on this Note. 
 Pursuant to Section 7.05 of the Indenture, in certain circumstances, the
Company will pay an Extension Fee on this Note. 
 2. Method of Payment 

By no later than 11:00 a.m. (New York City time) on the date on which any principal of or interest on any Note is due and payable, the
Company shall deposit with the Paying Agent (or if the Company or an Affiliate of the Company is acting as the Paying Agent, shall segregate and hold in trust) money sufficient to pay such amount. The Company will pay principal, premium and interest
in money of the United States that at the time of payment is legal tender for payment of public and private debts. Payments in respect of Notes represented by a Global Note (including principal and interest) will be made by wire transfer of
immediately available funds to the accounts specified by The Depository Trust Company. The Company will pay principal of Definitive Notes at the office or agency designated by the Company for such purpose. Interest on Definitive Notes will be
payable (i) to Holders having an aggregate principal amount of 

  
 A-3

 
$5,000,000 or less, by check mailed to the Holders of these Notes and (ii) to Holders having an aggregate principal amount of more than $5,000,000, either by check mailed to such Holder or,
upon application by a Holder to the Registrar not later than the relevant record date, by wire transfer in immediately available funds to such Holder’s account within the United States, which application shall remain in effect until such Holder
notifies, in writing, the Registrar to the contrary. 
 3. Redemption 

The Notes will not be redeemable by the Company prior to July 15, 2016. Subject to certain conditions specified in the First
Supplemental Indenture, the Notes will be redeemable, at the option of the Company, in whole at any time or in part from time to time, at any time on or after July 15, 2016 and before July 15, 2018 if the VWAP of the Ordinary Shares is
greater than or equal to 150% of the applicable Conversion Price for at least 20 Trading Days during any 30 consecutive Trading Day period ending within five Trading Days prior to the Company’s notice of redemption. In addition, the Company may
redeem the Notes at any time on or after July 15, 2018. In each case, the redemption purchase price will equal 100% of the principal amount of Notes to be redeemed, plus accrued and unpaid interest to but excluding the Redemption Date (unless
the Redemption Date is between a Regular Record Date and on or prior to the corresponding Interest Payment Date, in which case the Company will pay accrued and unpaid interest to the Holder of record at 5:00 p.m., New York City time, on such Regular
Record Date). 
 4. Purchase by the Company at the Option of the Holder 

Subject to the terms and conditions of the Indenture, a Holder shall have the option to require the Company to purchase all or a portion
of its Notes held by such Holder on each of July 15, 2016 and July 15, 2018 at a Purchase Price specified in the First Supplemental Indenture. 
 5. Repurchase by the Company at the Option of the Holder upon a Fundamental Change 

At the option of the Holder, and subject to the terms and conditions of the Indenture, upon the occurrence of a Fundamental Change, each
Holder will have the right, at its option, to require the Company to repurchase for cash all of its Notes, or any portion of its Notes having a principal amount equal to $2,000 or an integral multiple of $1,000 in excess thereof, at a Fundamental
Change Repurchase Price equal to 100% of the principal amount of Notes to be purchased plus accrued and unpaid interest, if any, to but excluding, the Fundamental Change Repurchase Date, unless the Fundamental Change Repurchase Date occurs after a
Regular Record Date and before the Interest Payment Date corresponding to such Regular Record Date, in which case accrued and unpaid interest, if any, on the Notes will be paid to the Holders of such Notes as of the Close of Business on such Regular
Record Date. To exercise its purchase right, a Holder must comply with the procedures set forth in Article 11 of the Indenture. 

6. Conversion 

Subject to the procedures for conversion set forth in the First Supplemental Indenture, a Holder may convert its Notes until 5:00 p.m.,
New York City time, on the Business Day immediately preceding July 15, 2043. 

  
 A-4

 (a) The initial Conversion Rate is 418.6289 Ordinary Shares per $1,000 principal amount of
Notes, subject to adjustment in certain events described in the First Supplemental Indenture. Upon conversion, the Company will pay or deliver, as the case may be, to the converting Holder, Ordinary Shares based on the Conversion Rate, cash, or a
combination of Ordinary Shares and cash, in each case as set forth in the First Supplemental Indenture. The Company shall deliver cash in lieu of any fractional Ordinary Shares as set forth in the First Supplemental Indenture. Each Holder who elects
to convert any of its Notes at the Holder’s option after July 15, 2013 and prior to July 15, 2016 will receive the Voluntary Conversion Make-Whole Payment as described in the First Supplemental Indenture. 

No payment or adjustment shall be made for dividends on the Ordinary Shares except as provided in the First Supplemental Indenture.

 7. Denominations; Transfer; Exchange 
 The Notes are in registered form without coupons in denominations of principal amount of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance
with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the
transfer of or exchange of Notes (i) so selected for redemption or, if a portion of any Note is selected for redemption, the portion thereof selected for redemption; (ii) surrendered for conversion or, if a portion of any Note is
surrendered for conversion, the portion thereof surrendered for conversion; or (iii) in certificated form for a period of 15 days prior to sending a notice of redemption under Article 6 of the First Supplemental Indenture. In addition, the
Registrar need not transfer or exchange any Notes in respect of which a Fundamental Change Repurchase Notice has been given and not withdrawn (except, in the case of a Note to be repurchased in part, the portion of the Note not to be repurchased),
after the Company has delivered a Notice of Redemption (except to the extent that Notes are converted or repurchased in part or the Company fails to pay the Redemption Price in accordance with Article 11 of the Indenture) or in respect of which a
Conversion Notice has been given (except, in the case of a Note to be converted in part, the portion of the Note not to be converted). 
 8. Persons Deemed Owners 
 The registered Holder of this Note may be treated as
the owner of it for all purposes. 
 9. Unclaimed Money 

If money, Ordinary Shares or other consideration for the payment of principal or interest remains unclaimed for two years, the Trustee or
Paying Agent shall pay the money back to the Company, subject to applicable abandoned property laws. After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment. 

10. Amendment, Waiver 
 Subject to certain exceptions, the Indenture contains provisions permitting an amendment of the Indenture or the Notes with the written consent of the Holders of at least a majority in

  
 A-5

 
principal amount of the then outstanding Notes and the waiver of any Event of Default (other than with respect to nonpayment or in respect of a provision that cannot be amended without the
written consent of each Holder affected) or noncompliance with any provision with the written consent of the Holders of a majority in principal amount of the then outstanding Notes. 

In addition, the Indenture permits an amendment of the Indenture or the Notes without the consent of any Holder under certain
circumstances specified in the Indenture. 
 11. Defaults and Remedies 

Subject to the following paragraph, if an Event of Default specified in the Indenture occurs and is continuing, the Trustee or the
Holders of at least 25% in aggregate principal amount of the Notes may declare all the Notes by notice to the Company to be due and payable immediately. In addition, certain specified Events of Default will cause the Notes to become immediately due
and payable without further action by the Holders. 
 If the Company so elects, the sole remedy for an Event of Default relating
to the Company’s failure to comply with the reporting obligations under Section 5.02 or 5.03 of the Indenture will, for the 270 days after the occurrence of such Event of Default, consist exclusively of the right to receive an Extension
Fee on the principal amount of the Notes, as described in the First Supplemental Indenture. 
 Holders may not enforce the
Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives reasonable indemnity or security. Subject to certain limitations, Holders of a majority in aggregate
principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of
Default in payment of principal or interest) if it determines that withholding notice is in their interest. 
 12. 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 Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not Trustee. 
 13. No Recourse Against Others 

No past, present or future incorporator, director, officer, employee, Affiliate or shareholder of the Company, solely by reason of this
status, shall not have any liability for any obligations of the Company under the Notes, the 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 waives and releases
all such liability. The waiver and release are part of the consideration for the issue of the Notes. 

  
 A-6

 14. Authentication 
 This Note shall not be valid until an authorized signatory of the Trustee manually authenticates this Note. 
 15. Abbreviations 
 Customary abbreviations may be used in the name of a Holder or
an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian) and U/G/M/A (=Uniform Gift to Minors Act). 

16. CUSIP Numbers 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use
CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other
identification numbers placed thereon. 
 17. Governing Law 

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

The Company will furnish to any Holder upon written request and without charge to the Holder a copy of the Base Indenture and the First
Supplemental Indenture which has in it the text of this Note. Requests may be made to: 
 Vantage Drilling Company 

777 Post Oak Boulevard, Suite 800 
 Houston, Texas 77056 
 Attention: Chief Financial Officer 

Facsimile: 281-404-4749 

  
 A-7

 EXHIBIT B 
 FORM OF CERTIFICATE OF TRANSFER 
 Vantage Drilling Company 

777 Post Oak Boulevard 
 Suite 800 

Houston, Texas 77056 
 Attention: Chief Financial
Officer 
 Wells Fargo Bank, National Association 
 750 N. St. Paul Place, Suite 1750 
 MAC T9263-170 

Dallas, Texas 75201 
 Attention: Corporate Trust,
Municipal and Escrow Services 
 Facsimile No.: (214) 756-7401 
 Re: 5.50% Convertible Senior Notes due 2043 
 Reference is hereby made to the
Indenture, dated as of July 16, 2013 (as amended or supplemented and in effect, the “Indenture”), between Vantage Drilling Company, as issuer (the “Company”), and Wells Fargo Bank, National Association, as
trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                    , (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $         in such Note[s] or interests (the
“Transfer”), to
                                        
(the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 
 1.  ̈
Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to an in accordance with Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably
believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Personal and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of
the proposed Transfer in accordance with the terms of the Indenture, the transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act.

 2.  ̈ Check if Transferee will take delivery of a beneficial
interest in the Regulation S Temporary Global Note, the Regulation S Permanent Global Note or a Restricted  

  
 B-1

 
Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the
Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person
acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor
nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S
under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period,
the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on the Regulation S Permanent Global Note, the Regulation S Temporary Global Note and/or the Restricted Definitive Note and in the Indenture and the
Securities Act. 
 3.  ̈ Check and complete if Transferee will take
delivery of a beneficial interest in the IAI Global Note or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer
restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and
accordingly the Transferor hereby further certifies that (check one): 
 (a)   ̈ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 
 or 

(b)   ̈ such Transfer is being effected to the Company or a
subsidiary thereof; 
 or 
 (c)   ̈ such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act; 
 or 

(d)   ̈ such Transfer is being effected to an Institutional
Accredited Investor and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general
solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Note or Restricted Definitive Notes and the requirements of
the exemption claimed, which certification is supported by (1) a certificate executed by the 

  
 B-2

 
Transferee in the form of Exhibit D to the Indenture and (2) an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this
certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or the Restricted Definitive Notes and in the Indenture and the Securities Act. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

  

									
	Dated:	 	  
	  		  		  	

  
 B-3

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	1.	The Transferor owns and proposes to transfer the following: 

 [CHECK ONE OF (a) OR (b)] 
  ̈ a beneficial interest in the: 
  

									
		 	(i)	  	 ̈	  	144A Global Note (CUSIP             ), or	  	
					
		 	(ii)	  	 ̈	  	Regulation S Global Note (CUSIP             ), or	  	
					
		 	(iii)	  	 ̈	  	IAI Global Note (CUSIP             ); or	  	

  

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE] 
  

	 	(a)   ̈	a beneficial interest in the: 

  

									
		 	(i)	  	 ̈	  	144A Global Note (CUSIP             ), or 	  	
					
		 	(ii)	  	 ̈	  	Regulation S Global Note (CUSIP             ), or	  	
					
		 	(iii)	  	 ̈	  	IAI Global Note (CUSIP             ); or	  	

 in accordance with the terms of the Indenture. 

  
 B-4

 EXHIBIT C 
 FORM OF CERTIFICATE OF EXCHANGE 
 Vantage Drilling Company 

777 Post Oak Boulevard 
 Suite 800 

Houston, Texas 77056 
 Attention: Chief Financial
Officer 
 Wells Fargo Bank, National Association 
 750 N. St. Paul Place, Suite 1750 
 MAC T9263-170 

Dallas, Texas 75201 
 Attention: Corporate Trust,
Municipal and Escrow Services 
 Facsimile No.: (214) 756-7401 
 Re:  5.50% Convertible Senior Notes due 2043 
 (CUSIP
            ) 
 Reference is hereby made to the Indenture,
dated as of July 16, 2013 (as amended or supplemented and in effect, the “Indenture”), between Vantage Drilling Company, as issuer (the “Company”), and Wells Fargo Bank, National Association, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                    , (the
“Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $         in such Note[s] or interests (the
“Exchange”). In connection with the Exchange, the Owner hereby certifies that: 
 1. Exchange of
Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes 
 (a)   ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the
Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own
account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 
 (b)   ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a
beneficial interest in the [CHECK ONE]   ̈ 144A Global Note,   ̈ 

  
 C-1

 
Regulation S Global Note,   ̈ IAI Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest
is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the
Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 
 This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 
  

									
		 		 		 		 	  

		 		 		 		 	[Insert Name of Transferor]
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  

											
		 	DATED:	 	  
	 		 		 	

  
 C-2

 EXHIBIT D 
 FORM OF CERTIFICATE FROM 
 ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 

Vantage Drilling Company 
 777 Post Oak
Boulevard 
 Suite 800 
 Houston, Texas
77056 
 Attention: Chief Financial Officer 
 Wells Fargo Bank, National Association 
 750 N. St. Paul Place, Suite 1750 

MAC T9263-170 
 Dallas, Texas 75201 

Attention: Corporate Trust, Municipal and Escrow Services 
 Facsimile No.: (214) 756-7401 
 Re:  5.50% Convertible Senior Notes
due 2043 
 Reference is hereby made to the Indenture, dated as of July 16, 2013 (as amended or supplemented and in effect,
the “Indenture”), between Vantage Drilling Company, as issuer (the “Company”), and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture. 
 In connection with our proposed purchase of $        
aggregate principal amount of: 
 (a)   ̈ a beneficial interest in a
Global Note, or 
 (b)   ̈ a Definitive Note, 

we confirm that: 
 1. We understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by,
and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 

2. We understand that neither this Note nor the Ordinary Shares issuable upon conversion thereof have been registered under the
Securities Act or any state securities laws, and that neither the Notes nor the Ordinary Shares issuable upon conversion thereof (nor any interest or participation therein) may be reoffered, sold, assigned, transferred, pledged, encumbered or
otherwise disposed of in the absence of such registration or unless such transaction is exempt from, or not, subject to, registration. By our acceptance of a Note, we represent and agree, on our own behalf and on behalf of any accounts for which we
are acting as hereinafter stated, that 

  
 D-1

 EXHIBIT D 

 
 
if we offer, sell or otherwise transfer the Notes prior to the Resale Restriction Termination Date, we will do so only (A) to the Company or any of its subsidiaries, (B) for so long as
the Notes are eligible for resale pursuant to Rule 144A, to a Person it reasonably believes is a “qualified institutional buyer” (as defined therein) that purchases for its own account or for the account of “qualified institutional
buyer” to which notice is given that the transfer is being made in reliance on Rule 144A, (C) pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act
and in accordance with the laws applicable to it in the jurisdiction in which such purchase is made, (D) to an “institutional accredited investor” (as defined below) that is acquiring the Note and the Ordinary Shares issuable upon
conversion thereof for its own account, or for the account of such an “institutional accredited investor,” for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the
Securities Act, (E) pursuant to a registration statement which has been declared effective under the Securities Act or (F) pursuant to another available exemption from the registration requirements of the Securities Act, subject to the
Company’s and the Trustee’s, or Registrar’s, as applicable, right prior to any such offer, sale or transfer pursuant to clauses (B), (C), (D) or (F) to require the delivery of an opinion of counsel, certification and/or
other information satisfactory to each of them, and in each of the foregoing cases, a certificate of transfer in the form appearing on Note is completed and delivered by the transferor to the Trustee or Registrar, and we further agree to provide to
any Person purchasing the Definitive Note or beneficial interest in a Global Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser that resales thereof are
restricted as stated herein. In any case, we agree that we will not, directly or indirectly, engage in any hedging transaction with regard to the Note except as permitted under the Securities Act. 

3. We understand that the Notes purchased by us will bear a legend to the foregoing effect. 

4. We are an “institutional accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under
the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any accounts for which we are acting are each able to bear
the economic risk of our or its investment. 
 5. We are acquiring the Notes or beneficial interest therein purchased by us for
our own account or for one or more accounts (each of which is an “institutional accredited investor”) as to each of which we exercise sole investment discretion. 
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or
official inquiry with respect to the matters covered hereby. 

  
 D-2

 EXHIBIT D 

 

			
	  

	[Insert Name of Accredited Investor]
		
	By:	 	  

		 	Name:
		 	Title:

  

									
	DATED:	 	  
	  		  		  	

  
 D-3

 EXHIBIT E 
 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 
  

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

 

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

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

 

									
	  

					
	Date:	 	  
	  		  	Your Signature:	 	  

			
		
	Signature Guarantee:	  	  

		  	 (Signature must be guaranteed)

	
	  

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

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

  
 E-1

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

 

									
	Date	  	 Amount of decrease
 in Principal Amount
 of this Global Note
	  	 Amount of increase
 in Principal Amount
 of this Global Note
	  	 Principal Amount of
 this Global Note
 following such

decrease or increase
	  	 Signature of
 authorized signatory
 of Trustee or

Securities Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 E-2

 EXHIBIT F 
 FORM OF CONVERSION NOTICE 
  

	To:	Vantage Drilling Company 

 The
undersigned registered Holder of this Note hereby exercises the option to convert this Note, or portion hereof (which is in principal amount of $2,000 or an integral multiple of $1,000 in excess thereof) designated below in accordance with the terms
of the Indenture referred to in this Note, and directs that cash, and the Ordinary Shares of Vantage Drilling Company, if any, issuable and deliverable upon such conversion, 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 cash, shares or any portion of this Note not converted are to be issued in the name of a Person other than the undersigned, the undersigned
shall pay all transfer taxes payable with respect thereto. 
 This notice shall be deemed to be an irrevocable exercise of the
option to convert this Note. 
  

					
	Dated:	 		 	  

		 		 	  

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

		 		 	Signature Guarantee
			
	Fill in for registration of shares if to be delivered, and Notes if to be issued other than to and in the name of registered holder:	 		 	
	  
	 		 	
	(Name)	 		 	Principal amount to be converted (if less than all): $            ,000
			
	  
	 		 	
	(Street Address)	 		 	
			
	  
	 		 	  

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

  
 F-1

 EXHIBIT G 
 FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE 
  

	To:	Vantage Drilling Company 

 The
undersigned registered Holder of this Note hereby acknowledges receipt of a notice from Vantage Drilling Company (the “Company”) as to the occurrence of a Fundamental Change with respect to the Company and specifying the Fundamental Change
Repurchase Date and requests and instructs the Company to pay to the Holder hereof in accordance with the applicable provisions of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that
is equal to $2,000 principal amount or an integral multiple of $1,000 in excess thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not occur during the period after a Regular Record Date and on or prior to the
corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date. Payment for this Note or the portion thereof and any Notes representing any unrepurchased principal amount
hereof, be issued and delivered pursuant to Section 3.06 of the First Supplemental Indenture to the registered Holder hereof unless a different name has been indicated below.] If any portion of this Note not repurchased is to be issued in the
name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto. 
  

					
	Dated:	 		 	  

		 		 	  

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

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

	  
	 		 	
	(Street Address)	 		 	
			
	  
	 		 	  

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

  
 G-1

 EXHIBIT H 
 FORM OF PURCHASE NOTICE 
  

	To:	Vantage Drilling Company 

 The
undersigned registered Holder of this Note hereby acknowledges receipt of a notice from Vantage Drilling Company (the “Company”) as to the Holder’s option to require the Company to repurchase this Note and requests and
instructs the Company to repurchase this Note, or the portion hereof (which is $2,000 principal amount or an integral multiple of $1,000 in excess thereof) designated below, in accordance with the terms of the Indenture referred to in this Note and
directs that payment for this Note or the portion thereof and any Notes representing any unrepurchased principal amount hereof, be issued and delivered pursuant to Section 3.06 of the First Supplemental Indenture to the registered Holder hereof
unless a different name has been indicated below. If any portion of this Security not repurchased is to be issued in the name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto.

  

					
	Dated:	 		 	  

		 		 	  

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

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

	  
	 		 	
	(Street Address)	 		 	
			
	  
	 		 	  

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

  
 H-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]