Document:

exv4w1

Exhibit 4.1

TTM TECHNOLOGIES, INC.

and

AMERICAN
STOCK TRANSFER & TRUST COMPANY

as Trustee

Guaranteed to the extent set forth therein by the Guarantors named herein.

INDENTURE

dated as of

May 14,
2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	 	 	1	 
	Section 1.01 Certain Definitions.
	 	 	1	 
	Section 1.02 Other Definitions.
	 	 	4	 
	Section 1.03 Incorporation by Reference of Trust Indenture Act.
	 	 	4	 
	Section 1.04 Rules of Construction.
	 	 	4	 
	 
	 	 	 	 
	ARTICLE 2 THE SECURITIES
	 	 	5	 
	 
	 	 	 	 
	Section 2.01 Unlimited In Amount, Issuable In Series,
Form and Dating.
	 	 	5	 
	Section 2.02 Execution and Authentication.
	 	 	7	 
	Section 2.03 Registrar and Paying Agent.
	 	 	7	 
	Section 2.04 Paying Agent to Hold Money in Trust.
	 	 	7	 
	Section 2.05 Securityholder Lists.
	 	 	8	 
	Section 2.06 Transfer and Exchange.
	 	 	8	 
	Section 2.07 Replacement Securities.
	 	 	8	 
	Section 2.08 Outstanding Securities.
	 	 	9	 
	Section 2.09 Temporary Securities.
	 	 	9	 
	Section 2.10 Cancellation.
	 	 	9	 
	Section 2.11 Defaulted Interest.
	 	 	9	 
	Section 2.12 Special Record Dates.
	 	 	10	 
	Section 2.13 Global Securities.
	 	 	10	 
	Section 2.14 CUSIP Numbers.
	 	 	11	 
	 
	 	 	 	 
	ARTICLE 3 REDEMPTION
	 	 	11	 
	 
	 	 	 	 
	Section 3.01 Notices to Trustee.
	 	 	11	 
	Section 3.02 Selection of Securities to Be Redeemed.
	 	 	12	 
	Section 3.03 Notice of Redemption.
	 	 	12	 
	Section 3.04 Effect of Notice of Redemption.
	 	 	13	 
	Section 3.05 Deposit of Redemption Price.
	 	 	13	 
	Section 3.06 Securities Redeemed or Purchased in Part.
	 	 	13	 
	 
	 	 	 	 
	ARTICLE 4 COVENANTS
	 	 	14	 
	 
	 	 	 	 
	Section 4.01 Payment of Securities.
	 	 	14	 
	Section 4.02 Maintenance of Office or Agency.
	 	 	14	 
	Section 4.03 Reports.
	 	 	14	 
	Section 4.04 Compliance Certificate.
	 	 	15	 
	Section 4.05 Taxes.
	 	 	15	 
	Section 4.06 Stay, Extension and Usury Laws.
	 	 	15	 
	Section 4.07 Calculation of Original Issue Discount.
	 	 	15	 
	 
	 	 	 	 
	ARTICLE 5 SUCCESSORS
	 	 	16	 
	 
	 	 	 	 
	Section 5.01 When Company May Merge, etc.
	 	 	16	 
	Section 5.02 Successor Person Substituted.
	 	 	16	 
	 
	 	 	 	 
	ARTICLE 6 DEFAULTS AND REMEDIES
	 	 	16	 
	 
	 	 	 	 
	Section 6.01 Events of Default.
	 	 	16	 
	Section 6.02 Acceleration.
	 	 	17	 
	Section 6.03 Other Remedies.
	 	 	18	 

i

 

	 	 	 	 	 
	 	 	Page	 
	 
	Section 6.04 Waiver of Past Defaults.
	 	 	18	 
	Section 6.05 Control by Majority.
	 	 	18	 
	Section 6.06 Limitation on Suits.
	 	 	18	 
	Section 6.07 Rights of Holders to Receive Payment.
	 	 	19	 
	Section 6.08 Collection Suit by Trustee.
	 	 	19	 
	Section 6.09 Trustee May File Proofs of Claim.
	 	 	19	 
	Section 6.10 Priorities.
	 	 	20	 
	Section 6.11 Undertaking for Costs.
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 7 TRUSTEE
	 	 	20	 
	 
	 	 	 	 
	Section 7.01 Duties of Trustee.
	 	 	20	 
	Section 7.02 Rights of Trustee.
	 	 	21	 
	Section 7.03 Individual Rights of Trustee.
	 	 	22	 
	Section 7.04 Trustee’s Disclaimer.
	 	 	22	 
	Section 7.05 Notice of Defaults.
	 	 	22	 
	Section 7.06 Reports by Trustee to Holders.
	 	 	22	 
	Section 7.07 Compensation and Indemnity.
	 	 	22	 
	Section 7.08 Replacement of Trustee.
	 	 	23	 
	Section 7.09 Successor Trustee by Merger, etc.
	 	 	24	 
	Section 7.10 Eligibility; Disqualification.
	 	 	24	 
	Section 7.11 Preferential Collection of Claims Against Company.
	 	 	25	 
	 
	 	 	 	 
	ARTICLE 8 SATISFACTION AND DISCHARGE; DEFEASANCE
	 	 	25	 
	 
	 	 	 	 
	Section 8.01 Satisfaction and Discharge.
	 	 	25	 
	Section 8.02 Option to Effect Legal Defeasance or Covenant
Defeasance.
	 	 	25	 
	Section 8.03 Legal Defeasance and Discharge.
	 	 	26	 
	Section 8.04 Covenant Defeasance.
	 	 	26	 
	Section 8.05 Conditions to Legal or Covenant Defeasance.
	 	 	27	 
	Section 8.06 Deposited Money and Government Securities to be Held
in Trust; Other Miscellaneous Provisions.
	 	 	27	 
	Section 8.07 Repayment to Company.
	 	 	28	 
	Section 8.08 Reinstatement.
	 	 	28	 
	 
	 	 	 	 
	ARTICLE 9 SUPPLEMENTS, AMENDMENTS AND WAIVERS
	 	 	29	 
	 
	 	 	 	 
	Section 9.01 Without Consent of Holders.
	 	 	29	 
	Section 9.02 With Consent of Holders.
	 	 	29	 
	Section 9.03 Revocation and Effect of Consents.
	 	 	30	 
	Section 9.04 Notation on or Exchange of Securities.
	 	 	30	 
	Section 9.05 Trustee to Sign Amendments, etc.
	 	 	31	 
	 
	 	 	 	 
	ARTICLE 10 GUARANTEES
	 	 	31	 
	 
	 	 	 	 
	Section 10.01Guarantee.
	 	 	31	 
	 
	 	 	 	 
	ARTICLE 11 MISCELLANEOUS
	 	 	31	 
	 
	 	 	 	 
	Section 11.01 Indenture Subject to Trust Indenture Act.
	 	 	31	 
	Section 11.02 Notices.
	 	 	31	 
	Section 11.03 Communication By Holders With Other Holders.
	 	 	32	 
	Section 11.04 Certificate and Opinion as to Conditions Precedent.
	 	 	32	 
	Section 11.05 Statements Required in Certificate or Opinion.
	 	 	32	 
	Section 11.06 Rules by Trustee and Agents.
	 	 	33	 
	Section 11.07 Legal Holidays.
	 	 	33	 
	Section 11.08 No Recourse Against Others.
	 	 	33	 
	Section 11.09 Counterparts.
	 	 	33	 
	Section 11.10 Governing Law.
	 	 	33	 
	Section 11.11 Submission to Jurisdiction; Service of Process;
Waiver of Jury Trial
	 	 	33	 
	Section 11.12 Severability.
	 	 	34	 
	Section 11.13 Effect of Headings, Table of Contents, etc.
	 	 	34	 
	Section 11.14 Successors and Assigns.
	 	 	34	 
	Section 11.15 No Interpretation of Other Agreements.
	 	 	34	 

ii

 

CROSS-REFERENCE TABLE*

	 	 	 	 	 
	Trust Indenture	 	 	 
	Act Section	 	Indenture Section	 
	310(a)(1)

	 	 	7.10	 
	(a)(2)

	 	 	7.10	 
	(a)(3)

	 	 	N.A.	 
	(a)(4)

	 	 	N.A.	 
	(a)(5)

	 	 	7.10	 
	(b)

	 	 	7.03, 7.08; 7.10	 
	(c)

	 	 	N.A.	 
	311(a)

	 	 	7.11	 
	(b)

	 	 	7.11	 
	(c)

	 	 	N.A.	 
	312(a)

	 	 	2.05	 
	(b)

	 	 	11.03	 
	(c)

	 	 	11.03	 
	313(a)

	 	 	7.06	 
	(b)(1)

	 	 	N.A.	 
	(b)(2)

	 	 	7.06	 
	(c)

	 	 	7.06; 11.02	 
	(d)

	 	 	7.06	 
	314(a)

	 	 	4.03; 10.02; 11.05	 
	(b)

	 	 	N.A.	 
	(c)(1)

	 	 	11.04	 
	(c)(2)

	 	 	11.04	 
	(c)(3)

	 	 	N.A.	 
	(d)

	 	 	N.A.	 
	(e)

	 	 	11.05	 
	(f)

	 	 	N.A.	 
	315(a)

	 	7.01(b)(ii), 7.02

	(b)

	 	 	7.02, 7.05; 10.02	 
	(c)

	 	 	7.01(a), 7.02	 
	(d)

	 	 	7.01(d), 7.02	 
	(e)

	 	 	6.11	 
	316(a)(last sentence)

	 	 	2.13	(f)
	(a)(1)(A)

	 	 	6.05	 
	(a)(1)(B)

	 	 	6.04	 
	(a)(2)

	 	 	N.A.	 
	(b)

	 	 	6.07	 
	(c)

	 	 	2.12; 9.03	 
	317(a)(1)

	 	 	6.08	 
	(a)(2)

	 	 	6.09	 
	(b)

	 	 	2.04	 
	318(a)

	 	 	11.01	 
	(b)

	 	 	N.A.	 
	(c)

	 	 	11.01	 

 

			
	 	 	N.A. means not applicable

	*	 	This Cross-Reference Table is not part of the Indenture.

iii

 

          INDENTURE
dated as of May 14, 2008 by and among TTM Technologies, Inc., a
Delaware corporation (the “Company”), the guarantors listed on Schedule 1 hereto (herein called the
“Guarantors”) and American Stock Transfer & Trust
Company, as Trustee (the “Trustee”).

          The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its debentures, notes or other evidences of indebtedness to be
issued in one or more series (the “Securities”), as herein provided, up to such principal amount as
may from time to time be authorized in or pursuant to one or more resolutions of the Board of
Directors or by supplemental indenture.

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of each series of the Securities:

ARTICLE 1

DEFINITIONS AND INCORPORATION

BY REFERENCE

Section 1.01 Certain Definitions.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of such Person, whether through the ownership of voting securities, by agreement or
otherwise; provided, however, that beneficial ownership of 10% or more of the Voting Securities of
a Person shall be deemed to be a controlling interest in such Person. For purposes of this
definition, the terms “controlling,” “controlled by” and “under common control with” have
correlative meanings.

          “Agent” means any Registrar, Paying Agent, authenticating agent or co-Registrar.

          “Board of Directors” means, with respect to any Person, the board of directors of such Person
(or, if such Person is a limited liability company, the board of managers of such Person) or
similar governing body or any authorized committee thereof.

          “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors or pursuant to
authorization by the Board of Directors and to be in full force and effect on the date of such
certification (and delivered to the Trustee, if appropriate).

          “Business Day” means any day other than a Legal Holiday.

          “Closing Date” means the date on which the Securities of a particular series were originally
issued under this Indenture.

          “Commission” means the Securities and Exchange Commission.

          “Company” means the party named as such above until a successor replaces it pursuant to this
Indenture and thereafter means the successor.

          “Company Order” means a written order signed in the name of the Company by two Officers, one
of whom must be the Company’s principal executive officer, principal financial officer or principal
accounting officer and delivered to the Trustee.

          “Company Request” means a written request signed in the name of the Company by its Chairman of
the Board, a President or a Vice President, and by
its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to
the Trustee.

1

 

          “Corporate Trust Office” shall mean the corporate trust office of the Trustee.

          “Default” means any event that is, or with the passage of time or the giving of notice 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.

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

          “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 have been approved by a significant segment of the
accounting profession, which are applicable to the circumstances as of the Closing Date.

          “Global Security” shall mean a Security issued to evidence all or a part of any series of
Securities that is executed by the Company and authenticated and delivered by the Trustee to a
Depositary or pursuant to such Depositary’s instructions, all in accordance with this Indenture and
pursuant to Section 2.01, which shall be registered as to principal and interest in the name of
such Depositary or its nominee.

          “Guarantee” means a guarantee by any Guarantor of an obligation under this Indenture.

          “Holder” or “Securityholder” means a Person in whose name a Security is registered in the
register of Securities kept by the Registrar.

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

          “Interest” when used with respect to an Original Issue Discount Security that by its terms
bears interest only after Maturity, means interest payable after Maturity.

          “Maturity” when used with respect to any Security, means the date on which the principal of
such Security or an installment of principal becomes due and payable as therein or herein provided,
whether at Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

          “Officer” means, with respect to any Person, the Chairman of the Board, a Chief Executive
Officer, the President, the Chief Operating Officer, the Chief Financial Officer, any
Vice-President, the Treasurer, the Controller, the Secretary, any Assistant Treasurer or any
Assistant Secretary of such Person.

          “Officers’ Certificate” means a certificate signed by two or more Officers, one of whom must
be the principal executive officer, principal financial officer or principal accounting officer of
the Company that meets the requirements of Section 11.05 hereof.

          “Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the
Trustee that meets the requirements of Section 11.05 hereof. The counsel may be an employee of or
counsel to the Company or the Trustee.

          “Original Issue Discount Security” means any Security which provides that an amount less than
its principal amount is due and payable upon acceleration after an Event of Default.

          “Person” means any individual, corporation, partnership, joint venture, association, limited
liability company, joint stock company, trust, unincorporated organization or government or other
entity.

2

 

          “principal” of a Security means the principal amount due on the Stated Maturity of the
Security plus the premium, if any, on the Security.

          “Securities” means the Securities authenticated and delivered under this Indenture.

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

          “Stated Maturity” when used with respect to any Security or any installment of interest
thereon, means the date specified in such Security as the fixed date on which the principal of such
Security or such installment of interest is due and payable.

          “Subsidiary” means, with respect to any specified Person: (i) any corporation, association or
other business entity of which more than 50% of the total voting power of shares of Capital Stock
entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees of the corporation, association or other business entity is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person (or a combination thereof); and (ii) 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 that Person or one or more Subsidiaries of
that Person (or any combination thereof).

          “TIA”
means the Trust Indenture Act of 1939 (15 U.S.C. §§77aaa-77bbbb) as in effect on the
date on which this Indenture is qualified under the TIA provided, however, that in the event the
TIA is amended after such date, “TIA” means, to the extent required by such amendment, the Trust
Indenture Act, as amended.

          “Trust Officer” when used with respect to the Trustee, means any officer with direct
responsibility for the administration of this Indenture and also means, with respect to a
particular corporate trust matter, any other officer to whom such matter is referred because of his
knowledge of and familiarity with the particular subject.

          “Trustee” means the party named as such above until a successor becomes such pursuant to this
Indenture and thereafter means or includes each party who is then a trustee hereunder, and if at
any time there is more than one such party, “Trustee” as used with respect to the Securities of any
series means the Trustee with respect to Securities of that series. If Trustees with respect to
different series of Securities are trustees under this Indenture, nothing herein shall constitute
the Trustees co-trustees of the same trust, and each Trustee shall be the trustee of a trust
separate and apart from any trust administered by any other Trustee with respect to a different
series of Securities.

          “U.S. Government Obligations” means securities that are (i) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (ii) obligations
of a person controlled or supervised by and acting as an agency or instrumentality of the United
States of America, the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America that is not callable or redeemable at the option of the
issuer thereof, and shall also include a depository receipt issued by a bank or trust company as
custodian with respect to any such U.S. Government Obligation or a specific payment of interest on
or principal of any such U.S. Government Obligation held by such custodian for the account of the
holder of a depository receipt, provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt
from any amount received by the custodian in respect of the U.S. Government Obligation
evidenced by such depository receipt.

3

 

Section 1.02 Other Definitions.

	 	 	 	 	 
	Term	 	Defined in Section
	 
	“Bankruptcy Law” 
	 	 	6.01	 
	“Custodian”
	 	 	6.01	 
	“Event of Default”
	 	 	6.01	 
	“Legal Holiday”
	 	 	11.07	 
	“Paying Agent”
	 	 	2.03	 
	“Place of Payment”
	 	 	2.01	 
	“redemption price”
	 	 	3.03	 
	“Registrar”
	 	 	2.03	 

Section 1.03 Incorporation by Reference of Trust Indenture Act.

          Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by
reference in and made a part of this Indenture. The following TIA terms used in this Indenture have
the following meanings:

          (a) “indenture
securities” means the Securities;

          (b) “indenture
securityholder” means a Securityholder;

          (c) “indenture
to be qualified” means this Indenture;

          (d) “indenture
trustee” or “institutional trustee” means the Trustee;
and

          (e) “obligor” on the Securities means the Company and any Guarantor and any successor obligor on
the Securities.

          All other terms used in this Indenture that are defined by the TIA, defined by TIA reference
to another statute or defined by Commission rule under the TIA have the meanings so assigned to
them.

Section 1.04 Rules of Construction.

          Unless the context otherwise requires:

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

          (b) an accounting term not otherwise defined has the meaning
assigned to it in accordance with GAAP;

          (c) “or” is not exclusive;

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

          (e) provisions apply to successive events and transactions; and

          (f) references to sections of or rules under the Securities Act
shall be deemed to include substitute, replacement of successor sections or
rules adopted by the SEC from time to time.

4

 

ARTICLE 2

THE SECURITIES

Section 2.01 Unlimited In Amount, Issuable In Series, Form and Dating.

          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. There shall be
established in or pursuant to a Board Resolution or an Officers’ Certificate pursuant to authority
granted under a Board Resolution or established in one or more indentures supplemental hereto,
prior to the issuance of Securities of any series:

          (a) the title of the Securities of the series (which shall
distinguish the Securities of the series from all other Securities);

          (b) any limit upon the aggregate principal amount of Securities of
the series that 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 this Article 2);

          (c) the price or prices (expressed as a percentage of the
aggregate principal amount thereof) at which the Securities of the series
will be issued;

          (d) the date or dates on which the principal of the Securities of
the series is payable;

          (e) the rate or rates that may be fixed or variable at which the
Securities of the series shall bear interest, if any, or the manner in which
such rate or rates shall be determined, the date or dates from which such
interest shall accrue, the interest payment dates on which such interest
shall be payable and the record dates for the determination of Holders to
whom interest is payable;

          (f) the place or places where the principal of, premium, if any,
and any interest, if any, on Securities of the series shall be payable or
the method of such payment, if by wire transfer, mail or by other means, if
other than as provided herein;

          (g) the price or prices at which (if any), the period or periods
within which (if any) and the terms and conditions upon which (if other than
as provided herein) Securities of the series may be redeemed, in whole or in
part, at the option, or as an obligation, of the Company;

          (h) the obligation, if any, of the Company to redeem, purchase or
repay Securities of the series, in whole or in part, pursuant to any sinking
fund or analogous provisions or at the option of a Holder thereof and the
price or prices at which and the period and periods within which and the
terms and conditions upon which Securities of the series shall be redeemed,
purchased or repaid pursuant to such obligation;

          (i) the dates, if any, on which, and the price or prices at
which, the Securities of the series will be repurchased by the Company at
the option of the Holders thereof and other detailed terms and provisions of
such repurchase obligations;

          (j) if other than denominations of $1,000 and any multiple
thereof, the denominations in which Securities of the series shall be
issuable;

          (k) if other than the principal amount thereof, the portion of the
principal amount of Securities of the series which shall be payable upon
declaration of acceleration of the Maturity thereof pursuant to Section 6.02
hereof;

          (l) any addition to, change in or deletion from the covenants set
forth in Articles 4 or 5 that applies to Securities of the series;

5

 

          (m) any addition to, changes in or deletion from the Events of
Default with respect to the Securities of a particular 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 hereof;

          (n) the Trustee for the series of Securities;

          (o) 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, in whole or in part, as Global Securities);

          (p) whether the Securities of the series shall be issued in whole
or in part in the form of a Global Security or Securities; the terms and
conditions, if any, upon which such Global Security or Securities may be
exchanged in whole or in part for other individual Securities, and the
Depositary for such Global Security and Securities;

          (q) the provisions, if any, relating to any security provided for
the Securities of the series;

          (r) any other terms of the series (which terms may modify,
supplement or delete any provision of this Indenture with respect to such
series; provided, however, that no such term may modify or delete any
provision hereof if imposed by the TIA; and provided, further, that any
modification or deletion of the rights, duties or immunities of the Trustee
hereunder shall have been consented to in writing by the Trustee);

          (s) the terms and conditions, if any, upon which the Securities of
the series shall be exchanged for or converted into other securities of the
Company or securities of another person;

          (t) any depositories, interest rate calculation agents or other
agents with respect to Securities of such series if other than those
appointed herein;

          (u) whether the Securities rank as senior subordinated Securities
or subordinated Securities or any combination thereof and the terms of any
such subordination;

          (v) the form and terms of any guarantee of any Securities of the
series;

          (w) the currency of denomination of the debt securities;

          (x) the designation of the currency, currencies or currency units
in which payment of principal of, premium and interest on the debt
securities will be made;

          (y) if payments of principal of, premium or interest on the debt
securities will be made in one or more currencies or currency units other
than that or those in which the debt securities are denominated, the manner
in which the exchange rate with respect to these payments will be
determined; and

          (z) the manner in which the amounts of payment of principal of,
premium or interest on the debt securities will be determined, if these
amounts may be determined by reference to an index based on a currency or
currencies other than that in which the debt securities are denominated or
designated to be payable or by reference to a commodity, commodity index,
stock exchange index or financial index.

          All Securities of any series shall be substantially identical except as to denomination and
except as may otherwise be provided in or pursuant to such Board Resolution or Officers’
Certificate or in any such indenture supplemental hereto.

          The principal of and any interest on the Securities shall be payable at the office or agency
of the Company designated in the form of Security for the series (each such place herein called the
“Place of Payment”); provided, however, that payment of interest may be made at the option of the
Company by

6

 

check mailed to the address of the Person entitled thereto as such address shall appear in the
register of Securities referred to in Section 2.03 hereof.

          Each Security shall be in one of the forms approved from time to time by or pursuant to a
Board Resolution or Officers’ Certificate, or established in one or more indentures supplemental
hereto. Prior to the delivery of a Security to the Trustee for authentication in any form approved
by or pursuant to a Board Resolution or Officers’ Certificate, the Company shall deliver to the
Trustee the Board Resolution or Officers’ Certificate by or pursuant to which such form of Security
has been approved, which Board Resolution or Officers’ Certificate shall have attached thereto a
true and correct copy of the form of Security that has been approved by or pursuant thereto.

          The Securities may have notations, legends or endorsements required by law, stock exchange
rule or usage. Each Security shall be dated the date of its authentication.

Section 2.02 Execution and Authentication.

          One or more Officers shall sign the Securities for the Company by manual or facsimile
signature.

          If an Officer whose signature is on a Security no longer holds that office at the time the
Security is authenticated, the Security shall nevertheless be valid.

          A Security shall not be valid until authenticated by the manual signature of the Trustee. The
signature shall be conclusive evidence that the Security has been authenticated under this
Indenture.

          The Trustee shall authenticate Securities for original issue upon receipt of a Company Order.

          The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so.
Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as an Agent to deal with the Company or an
Affiliate of the Company.

Section 2.03 Registrar and Paying Agent.

          The Company shall maintain an office or agency where Securities of a particular series may be
presented for registration of transfer or for exchange (the “Registrar”) and an office or agency
where Securities of that series may be presented for payment (a “Paying Agent”). The Registrar for
a particular series of Securities shall keep a register of the Securities of that series and of
their registration of transfer and exchange. The Company may appoint one or more co-Registrars and
one or more additional paying agents for each series of Securities. The term “Paying Agent”
includes any additional paying agent. The Company may change any Paying Agent, Registrar or
co-Registrar without prior notice to any Securityholder. The Company shall notify the Trustee in
writing of the name and address of any Agent not a party to this Indenture.

          If the Company fails to maintain a Registrar or Paying Agent for any series of Securities, the
Trustee shall act as such. The Company or any of its Affiliates may act as Paying Agent, Registrar
or co-Registrar.

          The Company hereby appoints the Trustee the initial Registrar and Paying Agent for each series
of Securities unless another Registrar or Paying Agent, as the case may be, is appointed prior to
the time Securities of that series are first issued.

Section 2.04 Paying Agent to Hold Money in Trust.

          Whenever the Company has one or more Paying Agents it will, prior to each due date of the
principal of or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay
the

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principal or interest so becoming due, such sum to be held in trust for the benefit of the Persons
entitled to such principal or interest, and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of its action or failure so to act.

          The Company shall require each Paying Agent other than the Trustee to agree in writing that
such Paying Agent will hold in trust for the benefit of the Securityholders of the particular
series for which it is acting, or the Trustee, all money held by the Paying Agent for the payment
of principal or interest on the Securities of such series, and that such Paying Agent will notify
the Trustee of any Default by the Company or any other obligor of the series of Securities in
making any such payment and at any time during the continuance of any such Default, upon the
written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such
Paying Agent. If the Company or an Affiliate acts as Paying Agent, it shall segregate and hold in a
separate trust fund for the benefit of the Securityholders of the particular series for which it is
acting all money held by it as Paying Agent. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon so doing, the Paying Agent (if other than the Company
or an Affiliate of the Company) shall have no further liability for such money. Upon any bankruptcy
or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for
the Securities.

Section 2.05 Securityholder Lists.

          The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Securityholders, separately by series, and shall
otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall
furnish to the Trustee at least seven Business Days before each interest payment date and at such
other times as the Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of Securityholders, separately by series,
relating to such interest payment date or request, as the case may be.

Section 2.06 Transfer and Exchange.

          Where Securities of a series are presented to the Registrar or a co-Registrar with a request
to register a transfer or to exchange them for an equal principal amount of Securities of the same
series of other authorized denominations, the Registrar shall register the transfer or make the
exchange if its requirements for such transactions are met. To permit registrations of transfers
and exchanges, the Company shall issue and the Trustee shall authenticate Securities at the
Registrar’s request.

          No service charge shall be made 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 tax or similar governmental charge
payable upon exchanges pursuant to Sections 2.09, 2.13, 3.06 or 9.04).

          The Company need not issue, and the Registrar or co-Registrar need not register the transfer
or exchange of, (i) any Security of a particular series during a period beginning at the opening of
business 15 days before the day of any selection of Securities of that series for redemption under
Section 3.02 and ending at the close of business on the day of selection, or (ii) any Security so
selected for redemption in whole or in part, except the unredeemed portion of any Security of that
series being redeemed in part.

Section 2.07 Replacement Securities.

          If a mutilated Security is surrendered to the Trustee or if the Holder of a Security claims
that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the
Trustee shall authenticate a replacement Security of same series if the Company’s and the Trustee’s
requirements are met. The Trustee or the Company may require an indemnity bond to be furnished
which is sufficient in

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the judgment of both to protect the Company, the Trustee, and any Agent from any loss which any of
them may suffer if a Security is replaced. The Company or the Trustee may charge such Holder for
its expenses in replacing a Security.

          Every replacement Security is an obligation of the Company and shall be entitled to all the
benefit of the Indenture equally and proportionately with any and all other Securities of the same
series.

Section 2.08 Outstanding Securities.

          The Securities of any series outstanding at any time are all the Securities of that series
authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, and those described in this Section as not outstanding.

          If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Security is held by a protected
purchaser.

          If Securities are considered paid under Section 4.01, they cease to be outstanding and
interest on them ceases to accrue.

          Except as set forth in Section 2.09 hereof, a Security does not cease to be outstanding
because the Company or an Affiliate holds the Security.

          For each series of Original Issue Discount Securities, the principal amount of such Securities
that shall be deemed to be outstanding and used to determine whether the necessary Holders have
given any request, demand, authorization, direction, notice, consent or waiver shall be the
principal amount of such Securities that could be declared to be due and payable upon acceleration
upon an Event of Default as of the date of such determination. When requested by the Trustee, the
Company shall advise the Trustee of such amount, showing its computations in reasonable detail.

Section 2.09 Temporary Securities.

          Until definitive Securities are ready for delivery, the Company may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be
substantially in the form of definitive Securities but may have variations that the Company
considers appropriate for temporary Securities. Without unreasonable delay, the Company shall
prepare and the Trustee shall authenticate definitive Securities in exchange for temporary
Securities.

          Holders of temporary securities shall be entitled to all of the benefits of this Indenture.

Section 2.10 Cancellation.

          The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar
and Paying Agent shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for
registration of transfer, exchange, payment, replacement or cancellation and shall return such
canceled Securities to the Company at the Company’s written request. The Company may not issue new
Securities to replace Securities that it has paid or that have been delivered to the Trustee for
cancellation.

Section 2.11 Defaulted Interest.

          If the Company fails to make a payment of interest on any series of Securities, the Company
shall pay such defaulted interest plus (to the extent lawful) any interest payable on the defaulted
interest, in any lawful manner. It may elect to pay such defaulted interest, plus any such interest
payable on it, to the Persons who are Holders of such Securities on which the interest is due on a
subsequent special record date. The Company shall notify the Trustee in writing of the amount of
defaulted interest proposed to be paid on each such Security and the date of the proposed payment.
The Company shall

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fix or cause to be fixed any such record date and payment date for such payment, provided that no
such special record date shall be less than 10 days prior to the related payment date for such
defaulted interest. At least 15 days before any such record date, the Company shall mail to
Securityholders affected thereby a notice that states the record date, payment date, and amount of
such interest to be paid.

Section 2.12 Special Record Dates.

          (a) The Company may, but shall not be obligated to, set a record date for the purpose of
determining the identity of Holders entitled to consent to any supplement, amendment or waiver
permitted by this Indenture. If a record date is fixed, the Holders of Securities of that series
outstanding on such record date, and no other Holders, shall be entitled to consent to such
supplement, amendment or waiver or revoke any consent previously given, whether or not such Holders
remain Holders after such record date. No consent shall be valid or effective for more than 90 days
after such record date unless consents from Holders of the principal amount of Securities of that
series required hereunder for such amendment or waiver to be effective shall have also been given
and not revoked within such 90-day period.

          (b) The Company may, but shall not be obligated to, fix any day as a record date for the
purpose of determining the Holders of any series of Securities entitled to join in the giving or
making of any notice of Default, any declaration of acceleration, any request to institute
proceedings or any other similar direction. If a record date is fixed, the Holders of Securities of
that series outstanding on such record date, and no other Holders, shall be entitled to join in
such notice, declaration, request or direction, whether or not such Holders remain Holders after
such record date; provided, however, that no such action shall be effective hereunder unless taken
on or prior to the date 90 days after such record date.

Section 2.13 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 2.06 of this Indenture and in addition thereto, any Global Security shall be exchangeable
pursuant to Section 2.06 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 within 90 days of such event or
(ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that
such Global Security shall be so exchangeable. 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 principal amount equal to the principal amount
of the Global Security with like tenor and terms.

          Except as provided in this paragraph (b) of this Section, 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.

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          (c) Legend. Any Global Security issued hereunder shall bear a legend in substantially
the following form:

     “Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation
(“DTC”), New York, New York, to the issuer or its agent for registration
of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or such other name as may be
requested by an authorized representative of DTC (and any payment is
made to Cede & Co. or such other entity as may be 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.”

     “Transfer of this Global Security 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 limited to transfers made in accordance
with the restrictions set forth in the Indenture referred to herein.”

          (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 2.01 hereof, payment of the principal of and interest, if any,
on any Global Security shall be made to the Person specified therein.

          (f) Consents, Declaration and Directions. Except as provided in paragraph (e) of this
Section, 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 or directions required to be given by the Holders
pursuant to this Indenture.

Section 2.14 CUSIP Numbers.

          The Company in issuing any series of Securities may use “CUSIP” numbers (if then generally in
use), and, if so, the Trustee shall use “CUSIP” numbers in notices as a convenience to Holders;
provided that any such notice may state that no representation is made as to the correctness of
such numbers either as printed on such Securities or as contained in any notice and that reliance
may be placed only on the other identification numbers printed on such Securities, and any such
action relating to such notice shall not be affected by any defect in or omission of such numbers
in such notice. The Company shall promptly notify the Trustee of any change in the “CUSIP” numbers.

ARTICLE 3

REDEMPTION

Section 3.01 Notices to Trustee.

          If the Company elects to redeem Securities of any series pursuant to any optional redemption
provisions thereof, it shall furnish to the Trustee at least 30 days, but not more than 60 days
before a redemption date, an Officer’s Certificate which shall specify (i) the provisions of such
Security or this Indenture pursuant to which the redemption shall occur, (ii) the redemption date,
(iii) the principal amount of Securities of that series to be redeemed and (iv) the redemption
price.

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          If the Company elects to reduce the principal amount of Securities of any series to be
redeemed pursuant to mandatory redemption provisions thereof, it shall notify the Trustee of the
amount of, and the basis for, any such reduction. If the Company elects to credit against any such
mandatory redemption Securities it has not previously delivered to the Trustee for cancellation, it
shall deliver such Securities with such notice.

Section 3.02 Selection of Securities to Be Redeemed.

          If less than all the Securities of any series are to be redeemed, or purchased in an offer to
purchase at any time, the Trustee shall select the Securities of that series to be redeemed or
purchased as follows: (1) if the Securities of such series are listed on any national securities
exchange, in compliance with the requirements of the principal national securities exchange on
which the Securities of that series are listed, or, (2) if the Securities of that series are not
listed on a national securities exchange, on a pro rata basis, by lot or by such other method as
the Trustee deems fair and appropriate. In the event of a partial redemption or purchase by lot,
the particular Securities to be redeemed or purchased will be selected not less than 30 nor more
than 60 days prior to the redemption or purchase date by the Trustee from Securities of that series
outstanding and not previously called for redemption.

          The Trustee shall notify the Company promptly in writing of the Securities or portions of
Securities to be called for redemption or purchase and, in the case of any Securities selected for
partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Except as
otherwise provided as to any particular series of Securities, Securities and portions thereof that
the Trustee selects shall be in amounts equal to the minimum authorized denomination for Securities
of the series to be redeemed or purchased or any integral multiple thereof, except that if all of
the Securities of the series are to be redeemed or purchased, the entire outstanding amount of the
Securities of the series held by such Holder, even if not equal to the minimum authorized
denomination for the Securities of that series, shall be redeemed or purchased. Provisions of this
Indenture that apply to Securities called for redemption also apply to portions of Securities
called for redemption.

Section 3.03 Notice of Redemption.

          Except as otherwise provided as to any particular series of Securities, at least 30 days but
not more than 60 days before a redemption date, the Company shall mail a notice of redemption to
each Holder whose Securities are to be redeemed.

          The notice shall identify the Securities of the series to be redeemed and shall state:

          (1) the redemption date;

          (2) the redemption price fixed in accordance with the terms of the
Securities of the series to be redeemed, plus accrued interest, if any, to
the date fixed for redemption (the “redemption price”);

          (3) if any Security is being redeemed in part, the portion of the
principal amount of such Security to be redeemed and that, after the
redemption date, upon surrender of such Security, a new Security or
Securities in principal amount equal to the unredeemed portion will be
issued upon cancellation of the original Securities;

          (4) the name and address of the Paying Agent;

          (5) that Securities called for redemption must be surrendered to
the Paying Agent to collect the redemption price;

          (6) that, unless the Company defaults in payment of the redemption
price, interest on Securities called for redemption ceases to accrue on and
after the redemption date;

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          (7) the CUSIP number, if any, of the Securities to be redeemed;

          (8) the paragraph of the Securities and/or the section of the
Indenture pursuant to which the Securities called for redemption are being
redeemed; and

          (9) that no representation is made as to the correctness or
accuracy of the CUSIP number, if any, listed in such notice or printed on
the Securities.

          At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at its expense, provided, however, that the Company shall have delivered to the Trustee,
at least 45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee
give such notice and setting forth the information to be stated in such notice as provided in the
preceding paragraph. The notice mailed in the manner herein provided shall be conclusively presumed
to have been duly given whether or not the Holder receives such notice. In any case, failure to
give such notice by mail or any defect in the notice of the Holder of any Security shall not affect
the validity of the proceeding for the redemption of any other Security.

Section 3.04 Effect of Notice of Redemption.

          Except if the giving of a notice of redemption would violate the terms of the Company’s credit
agreement, and subject to the subordination provisions of any series of Securities, once notice of
redemption is mailed in accordance with Section 3.03 hereof, Securities called for redemption
become due and payable on the redemption date for the redemption price. Upon surrender to the
Paying Agent, such Securities will be paid at the Redemption Price.

Section 3.05 Deposit of Redemption Price.

          On or before 10:00 a.m., New York City time, on the redemption or purchase date, the Company
shall deposit with the Trustee or Paying Agent (or, if the Company or any Affiliate is the Paying
Agent, shall segregate and hold in trust) money sufficient to pay the redemption or purchase price
of all Securities called for redemption on that date other than Securities that have previously
been delivered by the Company to the Trustee for cancellation. The Paying Agent shall return to the
Company any money not required for that purpose.

          If the Company complies with the provisions of the preceding paragraph, on and after the
redemption or purchase date, interest shall cease to accrue on the Securities (or the portions
thereof) called for redemption or purchase. If a Security is redeemed or purchased on or after an
interest record date but on or prior to the related interest payment date, then any accrued and
unpaid interest shall be paid to the Person in whose name such Securities were registered at the
close of business on such record date. If any Securities called for redemption or purchase shall
not be so paid upon surrender for redemption because of the failure of the Company to comply with
the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or
purchase date until such principal is paid, and to the extent lawful on any interest not paid on
such unpaid principal, in each case at the rate provided in accordance with the terms of the
Securities of the series to be redeemed.

Section 3.06 Securities Redeemed or Purchased in Part.

          Upon surrender of a Security that is redeemed or purchased in part, the Company shall issue
and the Trustee shall authenticate for the Holder at the expense of the Company a new Security of
same series equal in principal amount to the unredeemed or unpurchased portion of the Security
surrendered.

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ARTICLE 4

COVENANTS

Section 4.01 Payment of Securities.

          The Company shall pay or cause to be paid the principal of, premium, if any, and interest on
the Securities on the dates and in the manner provided in this Indenture and the Securities.
Principal, premium, if any, and interest shall be considered paid on the date due if the Paying
Agent, if other than the Company or an Affiliate, holds as of 10:00 a.m., New York City time, on
that date immediately available funds designated for and sufficient to pay all principal, premium,
if any, and interest then due.

          To the extent lawful, the Company shall pay interest on overdue principal and overdue
installments of interest at the rate per annum borne by the applicable series of Securities.

Section 4.02 Maintenance of Office or Agency.

          The Company shall maintain in the Borough of Manhattan, The City of New York, an office or
agency (which may be an office of the Trustee or an affiliate of the Trustee or Registrar) where
Securities may be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities and this Indenture may be served. The
Company shall give prompt written notice to the Trustee 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 the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office
of the Trustee.

          The Company may also from time to time designate one or more other offices or agencies where
the Securities may be presented or surrendered for any or all such purposes 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 obligation to maintain an office or agency in the Borough of
Manhattan, The City of New York for such purposes. The Company shall give prompt written notice to
the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency.

          The Company hereby designates the Corporate Trust Office of the Trustee as one such office or
agency of the Company in accordance with Section 2.03.

Section 4.03 Reports.

          The Company shall deliver to the Trustee within 15 days after it files them with the
Commission copies of the annual reports and of the information, documents, and other reports (or
copies of such portions of any of the foregoing as the Commission may by rules and regulations
prescribe) that the Company is required to file with the Commission pursuant to Section 13 or 15(d)
of the Exchange Act; provided, however the Company shall not be required to deliver to the Trustee
any materials for which the Company has sought and received confidential treatment by the
Commission. The Company also shall comply with the other provisions of TIA Section 314(a).

          Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

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Section 4.04 Compliance Certificate.

          (a) The Company or any Guarantors shall deliver to the Trustee, within 90 days after the end
of each fiscal year of the Company, an Officers’ Certificate stating that a review of the
activities of the Company and its Subsidiaries during the preceding fiscal year has been made under
the supervision of the signing Officers (one of whom shall be the principal executive officer,
principal financial officer or principal accounting officer of the Company) with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under
this Indenture, and further stating, as to each such Officer signing such certificate, that to the
best of his or her knowledge the Company has kept, observed, performed and fulfilled each and every
covenant contained in this Indenture and is not in default in the performance or observance of any
of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default
shall have occurred, describing all such Defaults or Events of Default of which he or she may have
knowledge and what action the Company is taking or proposes to take with respect thereto) and that
to the best of his or her knowledge no event has occurred and remains in existence by reason of
which payments on account of the principal of or interest, if any, on the Notes is prohibited or if
such event has occurred, a description of the event and what action the Company is taking or
proposes to take with respect thereto.

          (b) The Company shall, so long as any of the Securities are outstanding, deliver to the
Trustee, forthwith upon becoming aware of any Default or Event of Default, an Officers’ Certificate
specifying such Default or Event of Default and what action the Company is taking or proposes to
take with respect thereto.

Section 4.05 Taxes.

          The Company shall pay prior to delinquency, all material taxes, assessments, and governmental
levies except such as are contested in good faith by appropriate proceedings or where the failure
to effect such payment is not adverse in any material respect to the Holders of any Securities.

Section 4.06 Stay, Extension and Usury Laws.

          The Company and any Guarantors covenant (to the extent that it may lawfully do so) that they
shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or
advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in
force, that may affect the covenants or the performance of this Indenture; and the Company and each
Guarantor (to the extent that they may lawfully do so) hereby expressly waive all benefits or
advantages of any such law, and covenant that they shall not, by resort to any such law, hinder,
delay or impede the execution of any power herein granted to the Trustee, but shall suffer and
permit the execution of every such power as though no such law has been enacted.

Section 4.07 Calculation of Original Issue Discount.

          If, as of the end of any fiscal year of the Company, the Company has any outstanding Original
Issue Discount Securities under the Indenture, the Company shall file with the Trustee promptly
following the end of such fiscal year (i) a written notice specifying the amount of original issue
discount (including daily rates and accrual periods) accrued on such Original Issue Discount
Securities as of the end of such year and (ii) such other specific information relating to such
original issue discount as may then be required under the Internal Revenue Code of 1986, as amended
from time to time.

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ARTICLE 5

SUCCESSORS

Section 5.01 When Company May Merge, etc.

          In addition to provisions applicable to a particular series of Securities, the Company shall
not directly or indirectly: (i) consolidate or merge with or into another Person (whether or not
the Company is the surviving Person), or (ii) sell, assign, transfer, lease, convey or otherwise
dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries
in one or more related transactions to any Person unless:

          (1) either (x) the Company is the surviving Person; or (y) the
Person formed by or surviving any such consolidation or merger (if other
than the Company) or to which such sale, assignment, transfer, lease,
conveyance or other disposition shall have been made is a Person organized
or existing under the laws of the United States, any state thereof or the
District of Columbia;

          (2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such sale,
assignment, transfer, lease, conveyance or other disposition shall have been
made assumes (by supplemental indenture reasonably satisfactory to the
Trustee) all the obligations of the Company under the Securities and this
Indenture; and

          (3) immediately after the transaction no Default or Event of Default exists.

          The Company shall deliver to the Trustee on or prior to the consummation of the proposed
transaction an Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating that
the proposed transaction and such supplemental indenture comply with this Indenture.

Section 5.02 Successor Person Substituted.

          Upon any consolidation or merger, or any sale, assignment, transfer, conveyance or other
disposition (other than by lease) of all or substantially all of the assets of the Company in
accordance with Section 5.01 hereof, the successor Person formed by such consolidation or into
which the Company is merged or to which such sale, assignment, transfer, conveyance or other
disposition is made shall succeed to, and be substituted for (so that from and after the date of
such consolidation, merger, sale, conveyance or other disposition, the provisions of this Indenture
referring to the “Company” shall refer instead to the successor Person and not to the Company), and
may exercise every right and power of, the Company under this Indenture with the same effect as if
such successor Person had been named as the Company herein; provided, however, that the predecessor
Company shall not be relieved from the obligation to pay principal of, and interest on, any
Securities except in the case of a sale, assignment, transfer, conveyance or other disposition of
all or substantially all of the Company’s assets that meets the requirements of Section 5.01
hereof.

ARTICLE 6

DEFAULTS AND REMEDIES

Section 6.01 Events of Default.

          An “Event of Default” occurs with respect to Securities of any particular series if, unless as
otherwise provided in the establishing Board Resolution, Officers’ Certificate or supplemental
indenture hereto:

          (1) the Company defaults in the payment of interest on any
Security of that series when the same becomes due and payable and the
Default continues for a period of 30 days;

          (2) the Company defaults in the payment, when due, of the
principal of, or premium, if any, on any Security of that series when the
same becomes due and payable at Maturity, upon

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redemption (including in connection with any offer to purchase under the
terms of such Securities) or otherwise;

          (3) an Event of Default, as defined in the Securities of that series, occurs and is continuing, or the Company fails to comply with any of
its other agreements in the Securities of that series or in this Indenture
with respect to that series and the Default continues for the period and
after the notice specified below;

          (4) the Company pursuant to or within the meaning of any Bankruptcy Law:

          (A) commences a voluntary case;

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

          (C) consents to the appointment of a Custodian of it or for all
or substantially all of its property;

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

          (E) admits in writing its inability generally to pay its debts
as the same become due.

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

          (A) is for relief against the Company in an involuntary case;

          (B) appoints a Custodian of the Company or for all or
substantially all of its property; or

          (C) orders the liquidation of the Company;
and the order or decree remains unstayed and in effect for 60 days.

          (6) any other Event of Default provided with respect to Securities
of that series which is specified in a Board Resolution, Officers’
Certificate or supplemental indenture establishing that series of
Securities.

          The term “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for
the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or
similar official under any Bankruptcy Law.

          A Default under clause (3) above is not an Event of Default with respect to a particular
series of Securities until the Trustee or the Holders of at least 50% in principal amount of the
then outstanding Securities of that series notify the Company of the Default and the Company does
not cure the Default within 60 days after receipt of the notice. The notice must specify the
Default, demand that it be remedied and state that the notice is a “Notice of Default.” Such notice
shall be given by the Trustee if so requested in writing by the Holders of 50% of the principal
amount of the then outstanding Securities of that series.

Section 6.02 Acceleration.

          If an Event of Default with respect to Securities of any series (other than an Event of
Default specified in clauses (4) and (5) of Section 6.01) occurs and is continuing, the Trustee by
notice to the Company, or the Holders of at least 50% in principal amount of the then outstanding
Securities of that series by notice to the Company and the Trustee, may, subject to any prior
notice requirements set forth in any supplemental indenture, declare the unpaid principal (or, in
the case of Original Issue Discount Securities, such lesser amount as may be provided for in such
Securities) of and any accrued interest on all the Securities of that series to be due and payable
on the Securities of that series. Upon such declaration the principal (or such lesser amount) and
interest shall be due and payable immediately. If an Event of Default specified in clause (4) or
(5) of Section 6.01 occurs, all of such

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amount shall become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder. The Holders of a majority in principal amount of the then
outstanding Securities of that series by notice to the Trustee may rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree and if all existing
Events of Default with respect to that series have been cured or waived except nonpayment of
principal (or such lesser amount) or interest that has become due solely because of the
acceleration.

Section 6.03 Other Remedies.

          If an Event of Default with respect to Securities of any series occurs and is continuing, the
Trustee may pursue any available remedy to collect the payment of principal or interest on the
Securities of that series or to enforce the performance of any provision of the Securities of that
series or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Securities or
does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies
are cumulative to the extent permitted by law.

Section 6.04 Waiver of Past Defaults.

          Subject to Section 6.02, the Holders of not less than a majority in aggregate principal amount
of the then outstanding Securities of any series, by notice to the Trustee, may on behalf of the
Holders of the Securities of that series, waive an existing Default or Event of Default with
respect to that series and its consequences except a continuing Default or Event of Default in the
payment of the principal (including any mandatory sinking fund or like payment) of, premium, if
any, or interest on any Security of that series (including in connection with an offer to
purchase); provided, however, that the Holders of a majority in aggregate principal amount of the
outstanding Securities of any series may rescind an acceleration and its consequences, including
any related payment default that resulted from such acceleration and its consequences, including
any related payment default that resulted from any such acceleration. Upon any such waiver, such
Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent
or other Default or impair any right consequent thereon.

Section 6.05 Control by Majority.

          The Holders of a majority in principal amount of the then outstanding Securities of any series
may direct the time, method and place of conducting any proceeding for exercising any remedy with
respect to that series available to the Trustee or exercising any trust or power conferred on it.
However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture,
that the Trustee determines may be unduly prejudicial to the rights of other Holders of Securities
of that series, or that may involve the Trustee in personal liability. The Trustee may take any
other action which it deems proper that is not inconsistent with any such direction.
Notwithstanding any provision to the contrary in this Indenture, the Trustee shall not be obligated
to take any action with respect to the provisions of Section 6.02 unless directed to do so pursuant
to this Section 6.05.

Section 6.06 Limitation on Suits.

          A Holder of Securities of any series may not pursue a remedy with respect to this Indenture or
the Securities unless:

          (1) the Holder gives to the Trustee written notice of a continuing
Event of Default with respect to that series;

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          (2) the Holders of at least 25% in principal amount of the then
outstanding Securities of that series make a written request to the Trustee
to pursue the remedy;

          (3) such Holder or Holders offer, and, if requested, provide to
the Trustee indemnity satisfactory to the Trustee against any loss,
liability or expense;

          (4) the Trustee does not comply with the request within 60 days
after receipt of the request and the offer and, if requested, the provision
of indemnity; and

          (5) during such 60-day period the Holders of a majority in
principal amount of the then outstanding Securities of that series do not
give the Trustee a direction inconsistent with the request.

          No Holder of any series of Securities may use this Indenture to prejudice the rights of
another Holder of Securities of that series or to obtain a preference or priority over another
Holder of Securities of that series.

Section 6.07 Rights of Holders to Receive Payment.

          Notwithstanding any other provision of this Indenture, the right of any Holder of a Security
to receive payment of principal, premium, if any, and interest on the Security, on or after the
respective due dates expressed in the Security (including in connection with any offer to
purchase), or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not, except as provided in the subordination provisions, if any, applicable to such
Security, be impaired or affected without the consent of the Holder.

Section 6.08 Collection Suit by Trustee.

          If an Event of Default specified in Section 6.01(1) or (2) hereof occurs and is continuing
with respect to Securities of any series, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount of principal (or such portion
of the principal as may be specified as due upon acceleration at that time in the terms of that
series of Securities), premium, if any, and interest, remaining unpaid on the Securities of that
series then outstanding, together with (to the extent lawful) interest on overdue principal and
interest, and such further amount as shall be sufficient to cover the costs and, to the extent
lawful, expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section
7.07 hereof.

Section 6.09 Trustee May File Proofs of Claim.

          The Trustee may file such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any
other amounts due to the Trustee under Section 7.07 hereof) and the Securityholders allowed in any
judicial proceedings relative to the Company (or any other obligor on the Securities), its
creditors or its property and shall be entitled to and empowered to collect, receive and distribute
any money or other property payable or deliverable on any such claims, and any custodian in any
such judicial proceedings is hereby authorized by each Holder to make such payments to the Trustee
and, in the event that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agent and counsel, and any other amounts due the
Trustee under Section 7.07 hereof. Nothing contained herein shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities or the rights of
any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any
Securityholder in any such proceeding.

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Section 6.10 Priorities.

          If the Trustee collects any money with respect to Securities of any series pursuant to this
Article, it shall pay out the money in the following order:

			
	First:	 	to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and
expenses of collection;
	 
			
	Second:	 	in accordance with the subordination provisions, if any, of the Securities of such series;
	 
			
	Third:	 	to Securityholders for amounts due and unpaid on the Securities of such series for
principal, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable
on the Securities of such series for principal, premium, if any, and interest, respectively; and
	 
			
	Fourth:	 	to the Company or to such party as a court of competent jurisdiction shall direct.

          The Trustee may fix a record date and payment date for any payment to Holders of Securities of
any series pursuant to this Section. The Trustee shall notify the Company in writing reasonably in
advance of any such record date and payment date.

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 the 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 defense made by the party litigant. This Section does not apply to a suit by
the Trustee, a suit by a Holder pursuant to Section 6.07 hereof or a suit by Holders of more than
10% in principal amount of the then outstanding Securities of any series.

ARTICLE 7

TRUSTEE

Section 7.01 Duties of Trustee.

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

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

(i)

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

(ii)

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 or opinions furnished to
the Trustee and conforming to the requirements of this Indenture.
However, in the case of any certificates or opinions which by any
provision hereof are specifically required to be furnished to the
Trustee, the Trustee shall examine

20

 

the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture (but need not confirm
or investigate the accuracy of mathematical calculations or other
facts stated therein).

          (c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

(i)
this paragraph does not limit the effect of paragraph (b) of this
Section;

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

(iii)
the Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with a direction received by
it pursuant to Section 6.05 hereof.

          (d) Whether or not therein expressly so provided, every provision of this Indenture that in
any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section.

          (e) No provision of
this Indenture shall require the Trustee to expend or risk its own funds
or incur any liability. The Trustee may refuse to perform any duty or exercise any right or power,
including without limitation, the provisions of Section 6.05 hereof, unless it receives security
and indemnity satisfactory to it against any loss, liability or expense.

          (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. Absent written instruction from the Company, the
Trustee shall not be required to invest any such money. Money held in trust by the Trustee need not
be segregated from other funds except to the extent required by law.

Section 7.02 Rights of Trustee.

          Subject to TIA Section 315(a) through (d):

          (a) The Trustee may conclusively rely on any document believed by
it to be genuine and to have been signed or presented by the proper person.
The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond,
debenture, note, other evidence of indebtedness or other paper or document,
but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit.

          (b) Before the Trustee acts or refrains from acting, it may
require an Officers’ Certificate or an Opinion of Counsel, or both. 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 agents and shall not be
responsible for the misconduct or negligence of any agent appointed with due
care.

          (d) The Trustee shall not be liable for any action it takes or
omits to take in good faith which it believes to be authorized or within its
rights or powers under the Indenture, unless the Trustee’s conduct
constitutes negligence.

          (e) Unless otherwise specifically provided in this Indenture, any
demand, request, direction or notice from the Company shall be sufficient if
signed by an Officer of the Company.

          (f) The Trustee may consult with counsel of its selection and may
rely upon the advice of such counsel or any Opinion of Counsel.

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          (g) The Trustee shall not be deemed to have notice of any Default
or Event of Default unless a Trust Officer of the Trustee has actual
knowledge thereof or unless written notice of any event that is in fact such
a default is received by the Trustee at the Corporate Trust Office of the
Trustee, and such notice references the Securities generally or the
Securities of a particular series, as the case may be, and this Indenture.

          (h) The permissive rights of the Trustee to do things enumerated
in this Indenture shall not be construed as duties.

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 with the same rights it would
have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is
subject to TIA Sections 310(b) and 311.

Section 7.04 Trustee’s Disclaimer.

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

Section 7.05 Notice of Defaults.

          If a Default or Event of Default with respect to the Securities of any series occurs and is
continuing and if it is known to the Trustee, the Trustee shall mail to all Holders of Securities
of that series a notice of the Default or Event of Default within 90 days after it occurs. Except
in the case of a Default or Event of Default in payment on any such Security, the Trustee may
withhold the notice if and so long as a committee of its Trust Officers in good faith determines
that withholding the notice is in the interests of such Securityholders.

Section 7.06 Reports by Trustee to Holders.

          Within 60 days after May 15 in each year, the Trustee with respect to any series of Securities
shall mail to Holders of Securities of that series as provided in TIA Section 313(c) a brief report
dated as of such May 15 that complies with TIA Section 313(a) (if such report is required by TIA
Section 313(a)). The Trustee shall also comply with TIA Section 313(b)(2).

          A copy of each report at the time of its mailing to Securityholders shall be mailed to the
Company and filed with the Commission and each stock exchange on which any of the Securities are
listed, as required by TIA Section 313(d). The Company shall notify the Trustee when the Securities
are listed on any stock exchange, and of any delisting thereof.

Section 7.07 Compensation and Indemnity.

          The Company shall pay to the Trustee from time to time such compensation as shall be agreed
upon in writing for its services hereunder. The Company shall reimburse the Trustee upon written
request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the
reasonable compensation and out-of-pocket expenses of the Trustee’s agents and counsel.

          The Company shall indemnify each of the Trustee or any predecessor Trustee for any loss,
liability, damage, claims or expenses, including taxes (other than taxes based upon, measured by or
determined by the income of the Trustee) incurred by it, without negligence or bad faith on its
part, in connection with the acceptance or administration of this Indenture and its duties
hereunder. The Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. The Company shall defend

22

 

the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and
the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay
for any settlement made without its consent.

          To secure the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the Trustee in its capacity
as Trustee, except money or property held in trust to pay principal and interest on particular
Securities. Such lien will survive the satisfaction and discharge of this Indenture.

          If the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(4) or (5) hereof occurs, the expenses and the compensation for the services will be
intended to constitute expenses of administration under any applicable Bankruptcy Law.

          This Section 7.07 shall survive the resignation or removal of the Trustee and the termination
of this Indenture.

Section 7.08 Replacement of Trustee.

          A resignation or removal of the Trustee with respect to one or more or all series of
Securities and appointment of a successor Trustee shall become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section.

          The Trustee may resign with respect to one or more or all series of Securities by so notifying
the Company in writing. The Holders of a majority in principal amount of the then outstanding
Securities of any series may remove the Trustee as to that series by so notifying the Trustee in
writing and may appoint a successor Trustee with the Company’s consent. The Company may remove the
Trustee with respect to one or more or all series of Securities if:

          (1) the Trustee fails to comply with Section 7.10 hereof;

          (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, as to any series of Securities, the Trustee resigns or is removed or if a vacancy exists
in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee for
that series. Within one year after the successor Trustee with respect to any series takes office,
the Holders of a majority in principal amount of the then outstanding Securities of that series may
appoint a successor Trustee to replace the successor Trustee appointed by the Company. If a
successor Trustee as to a particular series does not take office within 60 days after the retiring
Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in
principal amount of the then outstanding Securities of that series may petition any court of
competent jurisdiction for the appointment of a successor Trustee.

          If the Trustee fails to comply with Section 7.10 hereof with respect to any series, any Holder
of Securities of that series who satisfies the requirements of TIA Section 310(b) may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee for that series.

          A successor Trustee as to any series of Securities shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Immediately after that, the retiring
Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee
(subject to the lien provided for in Section 7.07 hereof), the resignation or removal of the
retiring Trustee shall become effective, and the successor Trustee shall have all the rights,
powers and duties of the Trustee under this

23

 

Indenture as to that series. The successor Trustee shall mail a notice of its succession to the
Holders of Securities of that series.

          Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s
obligations under Section 7.07 hereof shall continue for the benefit of the retiring trustee.

          In case of the appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with
respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto wherein each successor Trustee shall accept such appointment and that (1) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates,
(2) shall contain such provisions as shall be necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series as to which the retiring Trustee is not retiring shall continue to be vested in the
retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall
be necessary or desirable to provide for or facilitate the administration of the trusts hereunder
by more than one Trustee; provided, however, that nothing herein or in such supplemental Indenture
shall constitute such Trustee co-trustees of the same trust and that each such Trustee shall be
trustee of a trust hereunder separate and apart from any trust hereunder administered by any other
such Trustee.

          Upon the execution and delivery of such supplemental Indenture the resignation or removal of
the retiring Trustee shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates.

Section 7.09 Successor Trustee by Merger, etc.

          If the Trustee as to any series of Securities consolidates, merges or converts into, or
transfers all or substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act shall be the successor Trustee as to that series.

Section 7.10 Eligibility; Disqualification.

          Each series of Securities shall always have a Trustee who satisfies the requirements of TIA
Section 310(a)(1), (2) and (5). The Trustee as to any series of Securities shall always have a
combined capital and surplus of at least $25,000,000 as set forth in its most recent published
annual report of condition. The Trustee is subject to TIA Section 310(b).

24

 

Section 7.11 Preferential Collection of Claims Against Company.

          The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in
TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section
311(a) to the extent indicated therein.

ARTICLE 8

SATISFACTION AND DISCHARGE; DEFEASANCE

Section 8.01 Satisfaction and Discharge.

          This Indenture will be discharged and will cease to be of further effect with respect to any
series of Securities issued hereunder, when:

          (1) either:

          (a) all Securities of such series that have been authenticated (except lost, stolen or destroyed
Securities that have been replaced or paid and Notes for whose payment money has theretofore been
deposited in trust and thereafter repaid to the Company) have been delivered to the Trustee for
cancellation; or

          (b) all Securities of such series that have not been delivered to the Trustee for cancellation have
become due and payable by reason of the making of a notice of redemption or otherwise or will
become due and payable within one year and the Company or any Guarantor has irrevocably deposited
or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the
Holders, cash in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof,
in such amounts as will be sufficient without consideration of any reinvestment of interest, to pay
and discharge the entire indebtedness on the Notes not delivered to the Trustee for cancellation
for principal, premium and accrued interest to the date of Maturity or redemption:

          (2) no Default or Event of Default with respect to such series of Securities shall have occurred and be
continuing on the date of such deposit or shall occur as a result of such deposit and such deposit
will not result in a breach or violation of, or constitute a default under, any other material
instrument to which the Company or any Guarantor is a party to or by which the Company or any
Guarantor is bound;

          (3) the Company or any Guarantor has paid or caused to be paid all sums payable by it under this
Indenture with respect to such series of Securities; and

          (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the
deposited money toward the payment of the Securities of such series at Maturity or the redemption
date, as the case may be.
In addition, the Company must deliver an Officers’ Certificate and an Opinion of Counsel to the
Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied.

          Notwithstanding, the satisfaction and discharge of this Indenture with respect to a series of
Securities, if money shall have been deposited with the Trustee pursuant to subclause (b) of clause
(1) of this Section, the provisions of Section 8.06 shall survive.

Section 8.02 Option to Effect Legal Defeasance or Covenant Defeasance.

          Unless Section 8.03 or 8.04 is otherwise specified to be inapplicable to Securities of a
series, the Company may, at the option of its Board of Directors evidenced by a resolution set
forth in an Officers’ Certificate, at any time, elect to have either Section 8.03 or 8.04 hereof be
applied to all

25

 

outstanding Securities of any such series upon compliance with the conditions set forth below in
this Article Eight.

Section 8.03 Legal Defeasance and Discharge.

          Upon the Company’s exercise under Section 8.02 hereof of the option applicable to this Section
8.03, the Company and any Guarantor shall, subject to the satisfaction of the conditions set forth
in Section 8.05 hereof, be deemed to have been discharged from their respective obligations with
respect to all outstanding Securities of any series on the date the conditions set forth below are
satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the
Company and any Guarantor shall be deemed to have paid and discharged the entire Indebtedness
represented by the outstanding Securities of a series, which shall thereafter be deemed to be
“outstanding” only for the purposes of Section 8.06 hereof and the other Sections of this Indenture
referred to in (a) and (b) below, and to have satisfied all its other obligations under such
Securities and this Indenture (and the Trustee, 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: (a) the rights of Holders of
outstanding Securities to receive solely from the trust fund described in Section 8.05 hereof, and
as more fully set forth in such Section, payments in respect of the principal of, premium and
interest on such Securities when such payments are due, (b) the Company’s obligations with respect
to such Notes under Article 2 and Section 4.02 hereof, (c) the rights, powers, trusts, duties and
immunities of the Trustee hereunder and the Company’s or any Guarantors’ obligations in connection
therewith and (d) this Article Eight. Subject to compliance with this Article Eight, the Company
may exercise its option under this Section 8.03 notwithstanding the prior exercise of its option
under Section 8.04 hereof.

Section 8.04 Covenant Defeasance.

          Upon the Company’s exercise under Section 8.02 hereof of the option applicable to this Section
8.04, the Company or any Guarantors shall, subject to the satisfaction of the conditions set forth
in Section 8.05 hereof, be released from their respective obligations under the covenants contained
in Sections 4.03, 4.04, 4.05, 4.06, and 4.07, and Section 5.01 hereof with respect to the
outstanding Securities of any series on and after the date the conditions set forth in Section 8.05
are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such series shall
thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders (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 shall not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Securities of any series,
the Company or any Guarantors may omit to comply with and shall have no 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 or an Event of Default under Section 6.01 hereof, but, except as
specified above, the remainder of this Indenture and such Securities shall be unaffected thereby.
In addition, upon the Company’s exercise under Section 8.02 hereof of the option applicable to this
Section 8.04 hereof, subject to the satisfaction of the conditions set forth in Section 8.05
hereof, Sections 6.01(3) through 6.01(6) hereof shall not constitute Events of Default.

26

 

Section 8.05 Conditions to Legal or Covenant Defeasance.

          The following shall be the conditions to the application of either Section 8.03 or 8.04 hereof
to the outstanding Securities of any series. In order to exercise either Legal Defeasance or
Covenant Defeasance:

          (a) the Company must irrevocably deposit with the Trustee, in
trust, for the benefit of the Holders, cash in United States dollars,
non-callable U.S. Government Obligations, or a combination thereof, in such
amounts as will be sufficient, in the opinion of a nationally recognized
firm of independent public accountants, to pay the principal of, premium and
interest on the outstanding Securities on the stated date for payment
thereof or on the applicable redemption date, as the case may be;

          (b) in the case of an election under Section 8.03 hereof, the
Company shall have delivered to the Trustee an Opinion of Counsel in the
United States reasonably acceptable to the Trustee confirming that (A) the
Company has received from, or there has been published by, the Internal
Revenue Service a ruling or (B) since the date hereof, there has been a
change in the applicable federal income tax law, in either case to the
effect that, and based thereon such Opinion of Counsel shall confirm that,
the Holders of the outstanding Securities will not recognize income, gain or
loss for federal income tax purposes as a result of such Legal Defeasance
and will be subject to 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;

          (c) in the case of an election under Section 8.04 hereof, the
Company shall have delivered to the Trustee an Opinion of Counsel in the
United States reasonably acceptable to the Trustee confirming that the
Holders of the outstanding Securities will not recognize income, gain or
loss for federal income tax purposes as a result of such Covenant Defeasance
and will be subject to 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;

          (d) no Default or Event of Default shall have occurred and be
continuing on the date of such deposit (other than a Default or Event of
Default resulting from the incurrence of Indebtedness all or a portion of
the proceeds of which will be used to defease the Securities pursuant to
this Article Eight concurrently with such incurrence) or insofar as Sections
6.01(4) or 6.01(5) hereof is concerned, at any time in the period ending on
the 91st day after the date of deposit;

          (e) such Legal Defeasance or Covenant Defeasance shall not result
in a breach or violation of, or constitute a default under, any material
agreement or instrument (other than this Indenture) to which the Company or
any of its Subsidiaries is a party or by which the Company or any of its
Subsidiaries is bound;

          (f) the Company shall have delivered to the Trustee an Officers’
Certificate stating that the deposit was not made by the Company with the
intent of preferring the Holders over any other creditors of the Company or
with the intent of defeating, hindering, delaying or defrauding any other
creditors of the Company; and

          (g) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for or relating to the Legal Defeasance or the Covenant
Defeasance have been complied with.

Section 8.06 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions.

          Subject to Section 8.07 hereof, all money and non-callable U.S. Government Obligations
(including the proceeds thereof) deposited with the Trustee (or other qualifying trustee,
collectively for purposes

27

 

of this Section 8.06, the “Trustee”) pursuant to Section 8.01 or Section 8.05 hereof in respect of
the outstanding Securities shall be held in trust and applied by the Trustee, in accordance with
the provisions of such Securities and this Indenture, to the payment, either directly or through
any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to
the Holders of such Securities of all sums due and to become due thereon in respect of principal,
premium, if any, and interest, but such money need not be segregated from other funds except to the
extent required by law.

          The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or non-callable U.S. Government Obligations deposited pursuant to
Section 8.05 hereof 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.

          Anything in this Article Eight to the contrary notwithstanding, the Trustee shall deliver or
pay to the Company from time to time upon the request of the Company any money or non-callable U.S.
Government Obligations held by it as provided in Section 8.05 hereof which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee (which may be the opinion delivered under Section 8.05(a) hereof),
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 8.07 Repayment to 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 Securities and
remaining unclaimed for two years after such principal, and 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) shall
be discharged from such trust; and the Holder of such Securities shall thereafter 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, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in the New York Times and
The Wall Street Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 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 8.08 Reinstatement.

          If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable
U.S. Government Securities in accordance with Section 8.03 or 8.04 hereof, as the case may be, by
reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, then the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section
8.03 or 8.04 hereof until such time as the Trustee or Paying Agent is permitted to apply all such
money in accordance with Section 8.03 or 8.04 hereof, as the case may be; provided, however, that,
if the Company makes any payment of principal of, premium, if any, or interest on any 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 held by the Trustee or Paying
Agent.

28

 

ARTICLE 9

SUPPLEMENTS, AMENDMENTS AND WAIVERS

Section 9.01 Without Consent of Holders.

          The Company and the Trustee as to any series of Securities may supplement or amend this
Indenture or the Securities without notice to or the consent of any Securityholder:

     (1) to cure any ambiguity, defect or inconsistency;

     (2) to comply with Article 5;

     (3) to comply with any requirements of the Commission in
connection with the qualification of this Indenture under the TIA;

     (4) to provide for uncertificated Securities in addition to or in
place of certificated Securities;

     (5) to add to, change or eliminate any of the provisions of this
Indenture in respect of one or more series of Securities, provided, however,
that any such addition, change or elimination (A) shall neither (i) apply to
any Security of any series created prior to the execution of such
supplemental indenture and entitled to the benefit of such provision nor
(ii) modify the rights of the Holder of any such Security with respect to
such provision or (B) shall become effective only when there is no
outstanding Security of any series created prior to the execution of such
supplemental indenture and entitled to the benefit of such provision;

     (6) to make any change that does not adversely affect in any
material respect the interests of the Securityholders of any series; or

     (7) to establish additional series of Securities as permitted by
Section 2.01 hereof.

Section 9.02 With Consent of Holders.

          Subject to Section 6.07, the Company and the Trustee as to any series of Securities may amend
this Indenture or the Securities of that series with the written consent of the Holders of a
majority in principal amount of the then outstanding Securities of each series affected by the
amendment, with each such series voting as a separate class. The Holders of a majority in principal
amount of the then outstanding Securities of any series may also waive compliance in a particular
instance by the Company with any provision of this Indenture with respect to that series or the
Securities of that series; provided, however, that without the consent of each Securityholder
affected, an amendment or waiver may not:

     (1) reduce
the percentage of the principal amount of Securities
whose Holders must consent to an amendment or waiver;

     (2) reduce the amount of, or postpone the date fixed for, the
payment of any sinking fund or analogous provision;

     (3) reduce the rate of, or change the time for payment of interest
on, any Security;

     (4) reduce the principal of or change the fixed Maturity of any
Security or waive a redemption payment or alter the redemption provisions
with respect thereto;

     (5) make any Security payable in money other than that stated in
the Security (including defaulted interest);

     (6) reduce the principal amount of Original Issue Discount
Securities payable upon acceleration of the Maturity thereof;

     (7) make any change in Section 6.04, 6.07 or this Section 9.02; or

29

 

     (8) waive a default in the payment of the principal of, or
interest on, any Security, except to the extent otherwise provided for in

Section 6.02 hereof.

          An amendment or waiver under this Section that waives, changes or eliminates any covenant or
other provision of this Indenture that has expressly been included solely for the benefit of one or
more particular series of Securities, or that modifies the rights of the Holders of Securities of
such series with respect to such covenant or other provision, shall be deemed not to affect the
rights under this Indenture of the Holders of Securities of any other series.

          It shall not be necessary for the consent of the Holders under this Section to approve the
particular form of any proposed amendment or waiver, but it shall be sufficient if such consent
approves the substance thereof.

          The Company shall mail supplemental indentures to Holders upon request. Any failure of the
Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect
the validity of any such supplemental indenture or waiver.

Section 9.03 Revocation and Effect of Consents.

          Until an amendment 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; provided, however, any such Holder or subsequent Holder may revoke the
consent as to his Security or portion of a Security if the Trustee receives the written notice of
revocation before the date on which the amendment, supplement or waiver becomes effective. An
amendment, supplement or waiver shall become effective in accordance with its terms and thereafter
shall bind every Holder of Securities of that series.

Section 9.04 Notation on or Exchange of Securities.

          If an amendment, supplement or waiver changes the terms of a Security: (a) the Trustee may
require the Holder of the Security to deliver it to the Trustee, the Trustee may, at the written
direction of the Company and at the Company’s expense, place an appropriate notation on the
Security about the changed terms and return it to the Holder and the Trustee may place an
appropriate notation on any Security thereafter authenticated; or (b) 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.

30

 

Section 9.05 Trustee to Sign Amendments, etc.

          Subject to the preceding sentence, the Trustee shall sign any amendment or supplemental
Indenture if the same does not adversely affect the rights, duties, liabilities or immunities of
the Trustee. The Trustee may, but shall not be obligated to, execute any such amendment, supplement
or waiver that affects the Trustee’s own rights, duties, liabilities or immunities under this
Indenture or otherwise. The Company may not sign an amendment or supplemental Indenture until the
Board of Directors approves it. In executing any amended or supplemental Indenture, the Trustee
shall be entitled to receive and (subject to Section 7.01) shall be fully protected in relying
upon, in addition to the documents required by Section 11.04 hereof, an Officer’s Certificate and
an Opinion of Counsel stating that the execution of such amended or supplemental Indenture is
authorized or permitted by this Indenture.

ARTICLE 10

GUARANTEES

Section 10.01 Guarantee.

          Any series of Securities may be guaranteed by one or more of the Guarantors. The terms and the
form of any such Guarantee will be established in the manner contemplated by Section 2.01 for that
particular series of Securities.

ARTICLE 11

MISCELLANEOUS

Section 11.01 Indenture Subject to Trust Indenture Act.

          This Indenture is subject to the provisions of the TIA that are required to be part of this
Indenture, and shall, to the extent applicable, be governed by such provisions.

Section 11.02 Notices.

          Any notice or communication is duly given if in writing and delivered in person or sent by
first-class mail (registered or certified, return receipt requested), telecopier or overnight air
courier guaranteeing next-day delivery, addressed as follows:

          If to the Company and/or any Guarantor:

TTM Technologies, Inc.

2630 South Harbor Blvd.

Santa Ana, California 92704 

Attention: Steve Richards

Telephone: (714) 327-3000

Facsimile: (714) 241-9723

          with a copy to:

Greenberg Traurig, LLP

2375 E. Camelback Rd, Suite 700

Phoenix, Arizona 85016

Attention: Michael L. Kaplan, Esq.

Telephone: (602) 445-8313

Facsimile: (602) 445-8615

31

 

          If to the Trustee:

American
Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attention: Herbert J. Lemmer

Telephone: (718) 921-8209

Facsimile: (718) 331-1852

          The Company or the Trustee by notice to the other may designate additional or different
addresses for subsequent notices or communications.

          All notices and communications (other than those sent to Holders) shall be deemed to have been
duly given: at the time delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and
the next business day after timely delivery to the courier, if sent by overnight air courier
guaranteeing next-day delivery.

          Any notice or communication to a Securityholder shall be mailed by first-class mail, certified
or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery
to his address shown on the register kept by the Registrar. Failure to mail a notice or
communication to a Security holder or any defect in it shall not affect its sufficiency with
respect to other Securityholders. If the Company mails a notice or communication to
Securityholders, it shall mail a copy to the Trustee at the same time. Any notice or communication
shall also be mailed to any Person described in TIA §313(c), to the extent required by the TIA.

          If a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it.

Section 11.03 Communication By Holders With Other Holders.

          Holders may communicate pursuant to TIA Section 312(b) with other Holders with respect to
their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and
anyone else shall have the protection of TIA Section 312(c).

Section 11.04 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:

          (a) an Officers’ Certificate, in form and substance reasonably
satisfactory to the Trustee (which shall include the statements set forth in
Section 11.05 hereof) stating that, in the opinion of the signers, all
conditions precedent and covenants, if any, provided for in this Indenture
relating to the proposed action have been complied with; and

          (b) an Opinion of Counsel, in form and substance reasonably
satisfactory to the Trustee (which shall include the statements set forth in
Section 11.05 hereof) stating that, in the opinion of such counsel, such
action is authorized or permitted by this Indenture and that all such
conditions precedent have been complied with.

Section 11.05 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 certificate provided pursuant
to TIA §314(a)(4) shall
include:

          (a) a statement that the Person making such certificate or opinion
has read such covenant or condition;

32

 

          (b) 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;

          (c) a statement that, in the opinion of such Person, he or she has
made such examination or investigation as is necessary to enable him or her
to express an informed opinion as to whether or not such covenant or
condition has been complied with; and

          (d) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with; provided,
however, that with respect to matters of fact an Opinion of Counsel may rely
on an officer’s certificate or certificates of public officials.

Section 11.06 Rules by Trustee and Agents.

          The Trustee as to Securities of any series may make reasonable rules for action by or at a
meeting of Holders of Securities of that series. The Registrar and any Paying Agent or
Authenticating Agent may make reasonable rules and set reasonable requirements for their functions.

Section 11.07 Legal Holidays.

          A “Legal Holiday” is a Saturday, a Sunday or a day on which banking institutions in the City
of New York, New York or at a place of payment are authorized by law, regulation or executive order
to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made
at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue
for the intervening period.

Section 11.08 No Recourse Against Others.

          No past, present or future director, officer, employee, manager, securityholder or
incorporator, as such, of the Company or any successor Person shall have any liability for any
obligations of the Company or any Guarantor under any series of Securities, any guarantees thereof,
or the Indenture or for any claim based on, in respect of, or by reason of such obligations or
their creation. Each Securityholder by accepting a Security waives and releases all such liability.
The waiver and release are part of the consideration of issuance of the Securities.

Section 11.09 Counterparts.

          This Indenture may be executed by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute
one and the same agreement.

Section 11.10 Governing Law.

          The internal laws of the State of New York shall govern and be used to construe this Indenture
and the Securities (including any guarantees thereof), without giving effect to the applicable
principles of conflicts of laws to the extent that the application of the laws of another
jurisdiction would be required thereby.

Section 11.11 Submission to Jurisdiction; Service of Process; Waiver of Jury Trial

          Each party hereto hereby submits to the nonexclusive jurisdiction of the United States
District Court for the Southern District of New York and of any New York State Court sitting in New
York City for purposes of all legal proceedings arising out of or relating to this Indenture, the
Securities (including any guarantee thereof) or the transactions contemplated hereby and thereby.
Each party hereto irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the laying of the venue of any such proceeding brought in such a
court and any claim

33

 

that any such proceeding brought in such a court has been brought in an inconvenient forum. Process
in any such suit, action or proceeding may be served on any party anywhere in the world, whether
within or without the State of New York. Without limiting the foregoing, the parties agree that
service of process upon such party at the address referred to in Section 11.02, together with
written notice of such service to such party, shall be deemed effective service of process upon
such party. Each of the parties hereto irrevocably waives any and all rights to trial by jury in
any legal proceeding arising out of or relating to this Indenture, the Securities (including any
guarantee thereof) or the transactions contemplated hereby and thereby.

Section 11.12 Severability.

          In case any provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

Section 11.13 Effect of Headings, Table of Contents, etc.

          The Article and Section headings herein and the table of contents are for convenience only and
shall not affect the construction hereof.

Section 11.14 Successors and Assigns.

          All covenants and agreements of the Company in this Indenture and the Securities shall bind
its successors and assigns. All agreements of the Trustee in this Indenture shall bind its
successor. All agreements of any Guarantor in this Indenture shall bind its successors, except as
otherwise provided by the terms hereof.

Section 11.15 No Interpretation of Other Agreements.

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

[Signature Page Follows]

34

 

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

ISSUER:

TTM TECHNOLOGIES, INC.

	 	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Steve Richards 	 
	 	 	Name:  	Steve Richards 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

TRUSTEE:

AMERICAN
STOCK TRANSFER & TRUST COMPANY

	 	 	 	 	 	 
	 	 	 
	 	By:  	/s/
Herbert J. Lemmer 	 
	 	 	Name:  	Herbert J. Lemmer 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

Schedule 1

GUARANTORS:

 

 

QuickLinks

TABLE OF CONTENTS

CROSS-REFERENCE TABLE

ARTICLE  1  DEFINITIONS AND INCORPORATION BY REFERENCE

ARTICLE  2  THE SECURITIES

ARTICLE  3  REDEMPTION

ARTICLE  4  COVENANTS

ARTICLE  5  SUCCESSORS

ARTICLE  6  DEFAULTS AND REMEDIES

ARTICLE  7  TRUSTEE

ARTICLE  8  SATISFACTION AND DISCHARGE; DEFEASANCE

ARTICLE  9  SUPPLEMENTS, AMENDMENTS AND WAIVERS

ARTICLE  10  GUARANTEES

ARTICLE  11  MISCELLANEOUS

Schedule  1  GUARANTORS

TRUSTEEexv4w2

Exhibit 4.2

 

TTM TECHNOLOGIES, INC.

as Issuer

and

AMERICAN STOCK TRANSFER & TRUST COMPANY,

as Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of May 14, 2008

3.25% Convertible Senior Notes Due 2015

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE
1
	 	 	 	 
	Definitions and Other Provisions of General Application
	 	 	 	 
	 
	 	 	 	 
	Section 1.01. Definitions

	 	 	2	 
	Section 1.02. Relationship to Base Indenture

	 	 	12	 
	Section 1.03. Notices

	 	 	12	 
	Section 1.04. When Notes Are Disregarded

	 	 	13	 
	Section 1.05. Legal Holidays

	 	 	13	 
	Section 1.06. Calculations in Respect of Notes

	 	 	14	 
	Section 1.07. Governing Law

	 	 	14	 
	 
	 	 	 	 
	ARTICLE
2
	 	 	 	 
	Form of the Notes
	 	 	 	 
	 
	 	 	 	 
	Section 2.01. Forms Generally

	 	 	14	 
	Section 2.02. Form of Face of Note

	 	 	14	 
	Section 2.03. Form of Trustee’s Certificate of Authentication

	 	 	27	 
	 
	 	 	 	 
	ARTICLE
3
	 	 	 	 
	The Notes
	 	 	 	 
	 
	 	 	 	 
	Section 3.01. Title and Terms; Payments

	 	 	27	 
	Section 3.02. Ranking

	 	 	27	 
	Section 3.03. Denominations

	 	 	28	 
	Section 3.04. Execution, Authentication, Delivery and Dating

	 	 	28	 
	Section 3.05. Temporary Notes

	 	 	28	 
	Section 3.06. Registration; Registration of Transfer and Exchange; Restrictions on Transfer
	 	 	29	 
	Section 3.07. Mutilated, Destroyed, Lost and Stolen Notes

	 	 	30	 
	Section 3.08. Persons Deemed Owners

	 	 	31	 
	Section 3.09. Book-Entry Provisions for Global Notes

	 	 	31	 
	Section 3.10. Cancellation and Transfer Provisions

	 	 	32	 
	Section 3.11. CUSIP Numbers

	 	 	32	 
	 
	 	 	 	 
	ARTICLE 4
	 	 	 	 
	Particular Covenants of the Company
	 	 	 	 
	 
	 	 	 	 
	Section 4.01. Payment of Principal and Interest

	 	 	33	 
	Section 4.02. Maintenance of Office or Agency

	 	 	33	 
	Section 4.03. Appointments to Fill Vacancies in Trustee’s Office

	 	 	33	 

i 

 

	 	 	 	 	 
	 	 	Page
	Section 4.04. Provisions as to Paying Agent

	 	 	33	 
	Section 4.05. Commission Filings and Reports

	 	 	35	 
	Section 4.06. Book-Entry System

	 	 	35	 
	Section 4.07. Additional Interest

	 	 	35	 
	Section 4.08. Stay; Extension and Usury Laws

	 	 	35	 
	Section 4.09. Compliance Certificate; Notice of Default to Trustee

	 	 	35	 
	 
	
ARTICLE 5
	 	 	 	 
	
Fundamental Changes and Repurchases Thereupon
	 	 	 	 
	 
	Section 5.01. Repurchase at Option of Holders Upon a Fundamental Change

	 	 	36	 
	Section 5.02. Effect of Fundamental Change Repurchase Notice

	 	 	38	 
	Section 5.03. Withdrawal of Fundamental Change Repurchase Notice

	 	 	39	 
	Section 5.04. Deposit of Fundamental Change Repurchase Price

	 	 	39	 
	Section 5.05. Notes Repurchased in Whole or in Part

	 	 	40	 
	Section 5.06. Covenant to Comply With Securities Laws Upon Repurchase of Notes

	 	 	40	 
	Section 5.07. Repayment to the Company

	 	 	40	 
	 
	 	 	 	 
	
ARTICLE 6
	 	 	 	 
	Conversion
	 	 	 	 
	 
	 	 	 	 
	Section 6.01. Right to Convert

	 	 	40	 
	Section 6.02. Conversion Procedure

	 	 	42	 
	Section 6.03. Settlement Upon Conversion

	 	 	44	 
	Section 6.04. Adjustment of Conversion Rate

	 	 	45	 
	Section 6.05. Effect of Reclassification, Consolidation, Merger or Sale

	 	 	53	 
	Section 6.06. Adjustments of Average Prices

	 	 	55	 
	Section 6.07. Adjustments
Upon Certain Fundamental Changes
	 	 	55	 
	Section 6.08. Taxes on Shares Issued

	 	 	56	 
	Section 6.09. Reservation of Shares; Shares to be Fully Paid; Compliance With

	 	 	56	 
	Governmental Requirements; Listing of Common Stock
Section 6.10. Responsibility of Trustee

	 	 	57	 
	Section 6.11. Notice to Holders Prior to Certain Actions

	 	 	57	 
	Section 6.12. Stockholder Rights Plan

	 	 	58	 
	Section 6.13. Company Determination Final

	 	 	58	 
	 
	 	 	 	 
	
ARTICLE 7
	 	 	 	 
	Events of Default; Remedies
	 	 	 	 
	 
	 	 	 	 
	Section 7.01. Events of Default

	 	 	59	 
	Section 7.02. Acceleration of Maturity; Rescission and Annulment

	 	 	60	 
	Section 7.03. Collection of Indebtedness and Suits for Enforcement by Trustee

	 	 	61	 
	Section 7.04. Trustee May File Proofs of Claim

	 	 	61	 
	Section 7.05. Application of Money Collected

	 	 	62	 

ii 

 

	 	 	 	 	 
	 	 	Page
	Section 7.06. Limitation on Suits

	 	 	62	 
	Section 7.07. Unconditional Right of Holders to Receive Payment

	 	 	63	 
	Section 7.08. Restoration of Rights and Remedies

	 	 	63	 
	Section 7.09. Rights and Remedies Cumulative

	 	 	63	 
	Section 7.10. Delay or Omission Not Waiver

	 	 	64	 
	Section 7.11. Control by Holders

	 	 	64	 
	Section 7.12. Undertaking for Costs

	 	 	64	 
	Section 7.13. Waiver of Stay or Extension Laws

	 	 	64	 
	Section 7.14. Notice of Default to Holders

	 	 	64	 
	Section 7.15. Default Interest

	 	 	65	 
	Section 7.16. Sole Remedy for Failure to Report

	 	 	65	 
	 
	 	 	 	 
	
ARTICLE 8
	 	 	 	 
	Consolidation, Merger, Sale, Conveyance and Lease
	 	 	 	 
	 
	 	 	 	 
	Section 8.01. Company May Consolidate, Etc. on Certain Terms
	 	 	66	 
	 
	 	 	 	 
	
ARTICLE 9
	 	 	 	 
	Supplemental Provisions Regarding the Trustee
	 	 	 	 
	 
	 	 	 	 
	Section 9.01. Duties and Responsibilities in Respect of Events of Default
	 	 	66	 
	 
	 	 	 	 
	
ARTICLE 10
	 	 	 	 
	Satisfaction And Discharge
	 	 	 	 
	 
	 	 	 	 
	Section 10.01. Discharge of Indenture

	 	 	66	 
	Section 10.02. Deposited Monies to be Held in Trust by Trustee

	 	 	67	 
	Section 10.03. Paying Agent to Repay Monies Held

	 	 	67	 
	Section 10.04. Return of Unclaimed Monies

	 	 	67	 
	Section 10.05. Reinstatement

	 	 	67	 
	 
	 	 	 	 
	
ARTICLE 11
	 	 	 	 
	Modification and Amendment
	 	 	 	 
	 
	 	 	 	 
	Section 11.01. Supplemental Indentures With Consent of Holders

	 	 	68	 
	Section 11.02. Supplemental Indentures Without Consent of Holders

	 	 	69	 
	Section 11.03. Execution of Supplemental Indentures

	 	 	69	 
	Section 11.04. Effect of Supplemental Indentures

	 	 	69	 
	Section 11.05. Conformity With Trust Indenture Act

	 	 	70	 
	Section 11.06. Reference in Notes to Supplemental Indentures

	 	 	70	 
	Section 11.07. Notice to Holders of Supplemental Indentures

	 	 	70	 

iii 

 

     FIRST SUPPLEMENTAL INDENTURE dated as of May 14, 2008 (the “First Supplemental Indenture”)
between TTM Technologies, Inc., a Delaware corporation, as issuer (the “Company”), and American
Stock Transfer & Trust Company, a New York state chartered trust company, as trustee (the
“Trustee”).

WITNESSETH:

     WHEREAS, the Company has heretofore delivered to the Trustee an Indenture dated as of May 14,
2008 (the “Base Indenture”), providing for the issuance by the Company from time to time of its
debt securities evidencing its indebtedness (the “Securities”).

     WHEREAS, Article 9 of the Base Indenture provides for the Company and the Trustee to enter
into an indenture supplemental to the Base Indenture to establish the form or terms of Securities
of any series as provided by the Base Indenture.

     WHEREAS, the Company has duly authorized the issue of a series of Securities to be known as
its 3.25% Convertible Senior Notes Due 2015 (hereinafter referred to as the “Notes”), initially in
an aggregate principal amount not to exceed $155,000,000 (or $175,000,000 if the Underwriters
exercise their option to purchase additional Notes in full as set forth in the Underwriting
Agreement), and in order to provide the terms and conditions upon which the Notes are to be
authenticated, issued and delivered, the Company and the Board of Directors have duly authorized
the execution and delivery of this First Supplemental Indenture; and

     WHEREAS, the Notes, the certificate of authentication to be borne by the Notes, the form of
conversion notice, the Fundamental Change Repurchase Notice and the form of assignment and transfer
to be borne by the Notes are to be substantially in the forms hereinafter provided for; and

     WHEREAS, all acts and things necessary to make the Notes, when executed by the Company and
authenticated and delivered by the Trustee or a duly authorized authenticating agent, as in this
First Supplemental Indenture provided, the valid, binding and legal obligations of the Company, and
to constitute these presents a valid agreement according to its terms, have been done and
performed, and the execution of this First Supplemental Indenture and the issue hereunder of the
Notes have in all respects been duly authorized.

     NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH:

     That in order to declare the terms and conditions upon which the Notes are, and are to be,
authenticated, issued and delivered, and in consideration of the premises and of the purchase and
acceptance of the Notes by the holders thereof, the Company covenants and agrees with the Trustee
for the equal and proportionate benefit of the respective holders from time to time of the Notes
(except as otherwise provided below), as follows:

 

 

ARTICLE 1

Definitions and Other Provisions of General Application

     Section 1.01. Definitions. For all purposes of 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 in this
Article and include the plural as well as the singular;

     (ii) 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;

     (iii) all accounting terms not otherwise defined herein have the meanings assigned to
them in accordance with GAAP; and

     (iv) 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.

     “Additional Interest” has the meaning specified in Section 7.16.

     “Additional Shares” has the meaning specified in Section 6.07(a).

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

     “Agent Members” has the meaning specified in Section 3.09(a).

     “Bid Solicitation Agent” means American Stock Transfer & Trust Company or, at the Company’s
election, an independent nationally recognized securities dealer selected by the Company to solicit
market bid quotations for the Notes, which shall in no event be an Affiliate of the Company.

     “Business Day” means any day other than a Saturday, a Sunday or a day on which the Corporate
Trust Office or the Federal Reserve Bank in The City of New York is closed.

     “Capital Stock” means any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock and, with respect to partnerships, partnership
interests (whether general or limited) and any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or distributions of assets of,
such partnership.

2

 

     “Certificated Notes” means permanent certificated Notes in registered form issued in
denominations of $1,000 Principal Amount and integral multiples thereof.

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, or, if at any time after the execution of this instrument such
Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time.

     “Common Stock” means the shares of common stock, par value $0.001 per share, of the Company as
they exist on the date of this First Supplemental Indenture or any other shares of Capital Stock of
the Company into which the Common Stock shall be reclassified or changed or, in the event of a
merger, consolidation or other similar transaction involving the Company that is otherwise
permitted hereunder in which the Company is not the surviving corporation, the common stock, common
equity interests, ordinary shares or depositary shares or other certificates representing common
equity interests of such surviving corporation or its direct or indirect parent corporation.

     “Company” means the Person named as the “Company” in the first paragraph of this instrument
until a successor Person shall have become such pursuant to the applicable provisions of this First
Supplemental Indenture, and thereafter “Company” shall mean such successor Person.

     “Company Request” or “Company Order” means a written request or order signed in the name of
the Company by its Chief Executive Officer, its President or its Chief Financial Officer, and by
its Treasurer or its Secretary, and delivered to the Trustee.

     “Conversion Agent” means the Trustee or such other office or agency designated by the Company
where Notes may be presented for conversion.

     “Conversion Date” has the meaning specified in Section 6.02(b).

     “Conversion Notice” shall have the meaning specified in Section 6.02(b).

     “Conversion Price” means as of any date $1,000 divided by the Conversion Rate as of such date.

     “Conversion Rate” has the meaning specified in Section 2.02.

     “Corporate Trust Office” means the office of the Trustee at which the corporate trust business
of the Trustee shall, at any particular time, be principally administered, which office is, at the
date as of which this First Supplemental Indenture is dated, located at 59 Maiden Lane, New York,
New York 10038, Attention: Corporate Trust Department, American Stock Transfer & Trust Company (TTM
Technologies, Inc., 3.25% Convertible Senior Notes due 2015).

3

 

     “Corporation” means a corporation, association, company, joint-stock company or business
trust.

     “Custodian” means American Stock Transfer & Trust Company, as custodian with respect to the
Notes in global form, or any successor entity.

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

     “Daily Measurement Value” has the meaning specified in Section 6.03(a)(i).

     “Daily Settlement Amount” has the meaning specified in Section 6.03(a).

     “Daily VWAP” means, for each of the 60 consecutive Trading Days during the Observation Period,
the per share volume-weighted average price of the Common Stock as displayed under the heading
“Bloomberg VWAP” on Bloomberg page “TTMI.UQ <equity> AQR” (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 Trading Day (or if such
volume-weighted average price is unavailable, the market value of one share of Common Stock on such
Trading Day determined, using a volume-weighted average method, by a nationally recognized
independent investment banking firm retained for such purpose by the Company); provided, that after
the consummation of a Fundamental Change in which the consideration payable to holders of Common
Stock is comprised entirely of cash, the Daily VWAP shall be deemed to be the cash price per share
of Common Stock received by the holders of Common Stock in such Fundamental Change; and provided
further, that the Daily VWAP shall in all events be determined without regard to after-hours
trading or any other trading outside of the regular trading session for the Common Stock.

     “Default” means any event that is or with the passage of time or the giving of notice or both
would become an Event of Default.

     “Depositary” means The Depository Trust Company until a successor Depositary shall have become
such pursuant to the applicable provisions of this First Supplemental Indenture, and thereafter
“Depositary” shall mean such successor Depositary.

     “Effective Date” has the meaning specified in Section 6.07(b).

     “Event of Default” has the meaning specified in Section 7.01.

     “Ex-Dividend Date” has the meaning specified in Section 6.01(a)(iii).

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

4

 

     “Exchange Rate Contract” means, with respect to any Person, any currency swap agreement,
forward exchange rate agreement, foreign currency future or option, exchange rate collar agreement,
exchange rate insurance or other agreement or arrangement, or combination thereof, the principal
purpose of which is to provide protection against fluctuations in currency exchange rates. An
Exchange Rate Contract may also include an Interest Rate Agreement.

     “Fair Market Value” means the amount which a willing buyer would pay a willing seller in an
arm’s length transaction.

     “Fundamental Change” means the occurrence of any of the following events at any time after the
Notes are originally issued:

     (1) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act other than
the Company, its Subsidiaries or its or their employee benefit plans becomes the direct or indirect
“beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of the Company’s common equity
representing more than 50% of the voting power of the Company’s common equity;

     (2) consummation of (A) any recapitalization, reclassification or change of the Common Stock
(other than changes resulting from a subdivision or combination) as a result of which the Common
Stock will be converted into, or exchanged for, stock, other securities, other property or assets
or (B) any share exchange, consolidation or merger of the Company pursuant to which the Common
Stock will be converted into cash, securities or other property or any sale, lease or other
transfer in one transaction or a series of transactions of all or substantially all of the
consolidated assets of the Company and its Subsidiaries, taken as a whole, to any person other than
one of the Company’s Subsidiaries; provided, however, that a share exchange, consolidation or
merger transaction where the holders of more than 50% of all classes of the Company’s common equity
immediately prior to such transaction own, directly or indirectly, more than 50% of all classes of
common equity of the continuing or surviving corporation or transferee or the parent thereof
immediately after such event shall not constitute a Fundamental Change;

     (3) the Company’s stockholders approve any plan or proposal for the liquidation or dissolution
of the Company; or

     (4) the Common Stock, or other common stock into which the Notes are then convertible, ceases
to be listed for trading or quoted on a United States national securities exchange or an
established automated over-the-counter trading market in the United States.

     Notwithstanding the foregoing, a Fundamental Change as a result of clause (2) above shall not
be deemed to have occurred if 90% of the consideration received or to be received by the holders of
Common Stock, excluding cash payments for fractional shares and cash payments in respect of
dissenters’ or appraisal rights, in the transaction or transactions otherwise constituting the
Fundamental Change consists of Publicly Traded

5

 

Securities and, as a result of such transaction or
transactions, the Notes become convertible into such Publicly Traded Securities, excluding cash
payments for fractional shares and cash payments in respect of dissenters’ or appraisal rights.

     “Fundamental Change Company Notice” has the meaning specified in Section 5.01(b).

     “Fundamental Change Repurchase Date” has the meaning specified in Section 5.01(a).

     “Fundamental Change Repurchase Notice” has the meaning specified in Section 5.01(a).

     “Fundamental Change Repurchase Price” has the meaning specified in Section 5.01(a).

     “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 have been approved by a significant segment of the
accounting profession, in each case, as in effect in the United States on the date hereof.

     “Global Note” means a Note in global form registered in the Security Register in the name of a
Depositary or a nominee thereof.

     “Holder” or “Noteholder” means a Person in whose name a Note is registered in the Security
Register.

     “Indebtedness” means, with respect to any Person, without duplication, (i) any indebtedness or
obligation, whether contingent or not, (1) evidenced by a credit or loan agreement, note, bond,
debenture or similar written obligation or instrument (whether or not the recourse of the lender is
to the whole of the assets of such Person or to only a portion thereof) or (2) for money borrowed,
(ii) all obligations (1) as lessee under leases required to be capitalized on such Person’s balance
sheet under GAAP or (2) as lessee under other leases for facilities, capital equipment or related
assets, whether or not capitalized, entered into or leased for financing purposes, (iii) all net
obligations under Interest Rate Agreements, Exchange Rate Contracts, treasury management agreements
or similar agreements or arrangements, (iv) all obligations and liabilities (contingent or
otherwise) of such Person with respect to letters of credit, bankers’ acceptances and similar
facilities (including reimbursement obligations with respect to the foregoing), (v) all obligations
and liabilities (contingent or otherwise) of such Person issued or assumed as the deferred purchase
price of any property or services (but excluding trade accounts payable and accrued liabilities
arising in the ordinary course of business), (vi) obligations of the type described in clauses (i)
through (v) above of any third party and all dividends of any third party payment of which, in
either case, such Person has assumed or guaranteed, or for which the Person first referenced above
is responsible or liable, directly or indirectly, jointly or severally, as obligor, guarantor or
otherwise, or that are secured by a lien on such Person’s property and (vii) any and all renewals,
extensions, modifications, replacements, restatements and refundings of, or any indebtedness or
obligation issued in exchange for, any

6

 

indebtedness, obligation or liability of the kinds described
in clauses (i) through (vi). The amount of any Indebtedness outstanding as of any date shall be
the accreted value thereof, in the case of any Indebtedness issued with original issue discount.
The amount of any Indebtedness outstanding as of any date with respect to any Exchange Rate
Contract or Interest Rate Agreement shall be the termination value thereof. Indebtedness shall not
include liabilities for taxes of any kind.

     “Indenture” means the Base Indenture as supplemented and amended by this First Supplemental
Indenture and as it may from time to time be further supplemented or amended by one or more
indentures supplemental thereto entered into pursuant to the applicable provisions thereof and
hereof, including the provisions of the Trust Indenture Act that are deemed to be a part of and
govern this instrument and any such supplemental indenture, respectively.

     “Interest Payment Date” means each May 15 and November 15 of each year.

     “Interest Rate Agreement” means, with respect to any Person, any interest rate swap agreement,
interest rate cap agreement, interest rate collar agreement or other similar agreement the
principal purpose of which is to protect the party indicated therein against fluctuations in
interest rates.

     “Issue Date” means the date the Notes are originally issued as set forth on the face of the
Note under this First Supplemental Indenture.

     “Last Reported Sale Price” means, on any date, the closing sale price per share of the Common
Stock (or, if no closing sale price is reported, the average of the bid and ask prices or, if more
than one in either case, the average of the average bid and the average ask prices) on such date as
reported in composite transactions for the principal U.S. national or regional securities exchange
on which the Common Stock is listed for trading. If the Common Stock is not listed for trading on
a U.S. national or regional securities exchange, “Last Reported Sale Price” shall mean the last
quoted bid price for the Common Stock in the over-the-counter market on such date as reported by
the National Quotation Bureau Incorporated or any similar organization. If the Common Stock is not
so quoted, “Last Reported Sale Price” shall mean the average of the mid-point of the last bid and
ask prices for the Common Stock on such date from each of at least three nationally recognized
independent investment banking firms selected by the Company for such purpose.

     “Legal Holiday” has the meaning specified in Section 1.05.

     “Majority Owner” means, with respect to an entity, another entity that has “beneficial
ownership” (as defined in Rule 13(d)(3) under the Exchange Act) of more than 50% of the total
voting power of all shares of the first entity’s Capital Stock that are entitled to vote generally
in the election of directors.

     “Market Disruption Event” means (i) a failure by the primary U.S. national or regional
securities exchange or market on which the Common Stock is listed or admitted to trading to

7

 

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 Trading Day for the Common Stock for an aggregate one half hour
period of any suspension or limitation imposed on trading (by reason of movements in price
exceeding limits permitted by such exchange or otherwise) in the Common Stock or in any options,
contracts or future contracts relating to the Common Stock.

     “Maturity,” when used with respect to any Note, means the date on which the principal or
Fundamental Change Repurchase Price of such Note becomes due and payable as therein or herein
provided, whether at the Stated Maturity or Fundamental Change Repurchase Date, by declaration of
acceleration or otherwise.

     “Measurement Period” has the meaning specified in Section 6.01(a).

     “Note” or “Notes” has the meaning specified in the third paragraph of the Recitals of the
Company.

     “Note Register” and “Note Registrar” have the respective meanings specified in Section 3.06.

     “Notice of Default” has the meaning specified in Section 7.01(f).

     “Observation Period” with respect to any Note means (i) prior to the 65th Scheduled
Trading Day immediately preceding May 15, 2015, the 60 consecutive Trading Day period beginning on
and including the second Trading Day after the related Conversion Date and (ii) on or after the
65th Scheduled Trading Day immediately preceding May 15, 2015, the 60 consecutive
Trading Day period beginning on and including the 62nd Scheduled Trading Day immediately preceding
May 15, 2015.

     “Outstanding,” when used with respect to Notes, means, as of the date of determination, all
Notes theretofore authenticated and delivered under this First Supplemental Indenture, except:

     (i) Notes theretofore cancelled by the Trustee or accepted by the Trustee for
cancellation;

     (ii) Notes, or portions thereof, for whose payment or repurchase money in the necessary
amount has been theretofore deposited with the Trustee or any Paying Agent (other than the
Company) in trust or set aside and segregated in trust by the Company (if the Company shall
act as its own Paying Agent) for the Holders of such Notes; provided that if such Notes are
to be repurchased prior to the maturity thereof, notice of such repurchase shall have been
given to the Holders as herein provided, or provision satisfactory to a Responsible Officer
of the Trustee shall have been made for giving such notice;

8

 

     (iii) Notes that have been paid or in exchange for or in lieu of which other Notes have
been authenticated and delivered pursuant to this First Supplemental Indenture; and

     (iv) Notes converted into Common Stock pursuant to Article 6;

provided, however, that, in determining whether the Holders of the requisite Principal Amount of
the Outstanding Notes have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, Notes owned by the Company or any other obligor upon the Notes or any Affiliate
of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver, only Notes which a
Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Notes so
owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Notes and that the pledgee is not the Company or any other obligor upon the Notes or any Affiliate
of the Company or of such other obligor.

     “Paying Agent” means any Person (including the Company) authorized by the Company to pay the
Principal Amount of, interest on, including Additional Interest, or the Fundamental Change
Repurchase Price of, any Notes on behalf of the Company. American Stock Transfer & Trust Company
shall initially be the Paying Agent.

     “Person” means any individual, corporation, partnership, limited liability company, joint
venture, trust, unincorporated organization or government or any agency or political subdivision
thereof.

     “Principal Amount” of a Note means the Principal Amount as set forth on the face of the Note.

     “Prospectus” shall mean the Company’s Prospectus dated April 7, 2008, and Prospectus
Supplement dated May 8, 2008, taken together.

     “Publicly Traded Securities” means shares of common stock that are traded or quoted on a U.S.
national securities exchange or, with respect to a transaction described in any of clauses (1)
through (4) of the definition of “Fundamental Change”, that will be so traded or quoted when issued
or exchanged in connection with such event.

     “Record Date” means, with respect to the payment of interest on the Notes, including
Additional Interest, if any, the May 1 (whether or not a Business Day) next preceding an Interest
Payment Date on May 15 and November 1 (whether or not a Business Day) next preceding an Interest
Payment Date on November 15.

     “Reference Property” has the meaning specified in Section 6.05.

9

 

     “Responsible Officer” means any officer of the Trustee within the Corporate Trust Office of
the Trustee with direct responsibility for the administration of the Indenture and also, with
respect to a particular matter, any other officer of the Trustee to whom such matter is referred
because of such officer’s knowledge and familiarity with the particular subject.

     “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the primary U.S.
national or regional securities exchange or market on which the Common Stock is listed or admitted
for trading; provided, however, that for purposes of Section 6.02(d) and the definition of
“Observation Period”, “Scheduled Trading Day” shall be determined by reference to the definition of
“Trading Day” contained in Section 6.03(e). If the Common Stock is not so listed or admitted for
trading, “Scheduled Trading Day” means a Business Day.

     “Securities” has the meaning specified in the first paragraph of the Recitals of the Company.

     “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

     “Settlement Amount” has the meaning specified in Section 6.03(a).

     “Significant Subsidiary” has the meaning specified in Regulation S-X under the Exchange Act.

     “Spin-Off” has the meaning specified in Section 6.04(c).

     “Stated Maturity” means May 15, 2015.

     “Stock Price” has the meaning specified in Section 6.07(b).

     “Stock Transfer Agent” means American Stock Transfer & Trust Company, or such other Person as
may be designated by the Company as the transfer agent for the Common Stock.

     “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is
owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the
Company and one or more other Subsidiaries. For the purposes of this definition, “voting stock”
means stock which ordinarily has voting power for the election of directors, whether at all times
or only so long as no senior class of stock has such voting power by reason of any contingency.

     “Successor Company” has the meaning specified in Section 8.01.

     “Trading Day” means, except as provided in Section 6.03(e) hereof, a day on which (i) trading
in securities generally occurs on The Nasdaq Stock Market or, if the Common Stock is not then
listed on The Nasdaq Stock Market, on the principal U.S. national or regional securities exchange
or market on which the Common Stock is then listed or, if the Common Stock is not

10

 

then listed on a
U.S. national or regional securities exchange, in the principal other market on which the Common
Stock is then traded and (ii) a Last Reported Sale Price for the Common Stock is available on such
securities exchange or market; provided, that if the Common Stock is not so listed or traded,
“Trading Day” means a Business Day.

     “Trading Price” of the Notes on any date of determination means the average of the secondary
market bid quotations obtained by the Bid Solicitation Agent for $5,000,000 Principal Amount of the
Notes at approximately 3:30 p.m., New York City time, on such determination date from three
independent nationally recognized securities dealers selected by the Company; provided that, if
three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are
obtained, then the average of the two bids shall be used, and if only one such bid can reasonably
be obtained by the Bid Solicitation Agent, that one bid shall be used. If the Bid Solicitation
Agent cannot reasonably obtain at least one bid for $5,000,000 Principal Amount of the Notes from a
nationally recognized securities dealer, then the Trading Price per $1,000 Principal Amount of
Notes shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the
Common Stock and the applicable Conversion Rate. In addition, if the Company shall fail to
instruct the Bid Solicitation Agent to obtain secondary market bid quotations for the Notes as
required by this First Supplemental Indenture, then the Trading Price per $1,000 Principal Amount
of Notes shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the
Common Stock and the applicable Conversion Rate on each day on which the Company so fails to
instruct the Bid Solicitation Agent.

     “Trigger Event” has the meaning specified in Section 6.04(b).

     “Trust Indenture Act” means the Trust Indenture Act of 1939 as in effect on the date as of
which this First Supplemental Indenture was executed; provided, however, that in the event the
Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent
required by any such amendment, the Trust Indenture Act of 1939 as so amended.

     “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument
until a successor Trustee shall have become such pursuant to the applicable provisions of the
Indenture, and thereafter “Trustee” shall mean such successor Trustee.

     “Underwriters” means J.P. Morgan Securities Inc. and UBS Securities LLC.

     “Underwriting Agreement” means the Underwriting Agreement, dated May 8, 2008, entered into by
the Company and the Underwriters in connection with the sale of the Notes.

     “U.S.” means the United States of America.

     “Vice President,” when used with respect to the Company or the Trustee, means any vice
president, whether or not designated by a number or a word or words added before or after the title
“vice president.”

11

 

     Section 1.02. Relationship to Base Indenture. For all purposes of this First Supplemental
Indenture, except as otherwise expressly provided for or unless the context otherwise requires.

     (a) Capitalized terms used but not defined herein shall have the respective meanings assigned
to them in the Base Indenture;

     (b) Terms defined both herein and in the Base Indenture shall have the meanings assigned to
them herein;

     (c) Provisions of this First Supplemental Indenture that conflict with or are otherwise
inconsistent with provisions of the Base Indenture shall be deemed to supersede and amend the Base
Indenture for all purposes with respect to the Notes; and

     (d) All references herein to Articles and Sections, unless otherwise specified, refer to the
corresponding Articles and Sections of this First Supplemental Indenture.

     Section 1.03. Notices. Any notice or communication relating to the Notes shall be in
writing (including telecopy promptly confirmed in writing) and delivered in person or mailed by
first-class mail addressed as follows:

if to the Company:

TTM Technologies, Inc.

2630 South Harbor Boulevard

Santa Ana, California 92704

Attention: Chief Financial Officer

Fax: (714) 241-9723

with a copy to:

Greenberg Traurig, LLP

2375 E. Camelback Road

Suite 700

Phoenix, Arizona 85016

Attention: Michael L. Kaplan, Esq.

Fax: (602) 445-8615

if to the Trustee:

American Stock Transfer & Trust Company

12

 

59 Maiden Lane

New York, New York 10038

Attention: Corporate Trust Department

(TTM Technologies, Inc. 3.25% Convertible Senior Notes due 2015)

Fax: (718) 331-1852

     The Company or the Trustee by notice to the other may designate additional or different
addresses for subsequent notices or communications.

     Any notice or communication mailed to a registered Holder shall be mailed to the Holder at the
Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently
given if so mailed within the time prescribed.

     Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner
provided above, it is duly given, whether or not the addressee receives it, except that notices to
the Trustee shall be effective only upon receipt.

     The Trustee agrees to accept and act upon facsimile transmission of written instructions
and/or directions pursuant to this Indenture given by the Company, provided, however, that (1) the
Company, subsequent to such facsimile transmission of written instructions and/or directions, shall
provide the originally executed instructions and/or directions to the Trustee in a timely manner
and (2) such originally executed instructions and/or directions shall be signed by an authorized
officer of the Company.

     Section 1.04. When Notes Are Disregarded. In determining whether the Holders of the
required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned
by the Company or by any Person directly or indirectly controlling or controlled by or under direct
or indirect common control with the Company shall be disregarded and deemed not to be outstanding,
except that, for the purpose of determining whether the Trustee shall be protected in relying on
any such direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually
knows are so owned shall be so disregarded. Also, subject to the foregoing, only Notes outstanding
at the time shall be considered in any such determination.

     Section 1.05. Legal Holidays. With respect to the Notes, a “Legal Holiday” is a Saturday, a
Sunday or other day on which commercial banking institutions are authorized or
required to be closed in New York, New York. If an Interest Payment Date is a Legal Holiday,
payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest or
Additional Interest, if any, shall accrue for the intervening period. If a Record Date is a Legal
Holiday, the Record Date shall not be affected. In any case where the Stated Maturity of any Note
is a Legal Holiday, then (notwithstanding any other provision of this Indenture or of the Notes)
payment of principal need not be made on such date, but may be made on the next succeeding day that
is not a Legal Holiday, with the same force and effect as if made on at the Stated Maturity.

13

 

     Section 1.06. Calculations in Respect of Notes. Except as otherwise provided in this First
Supplemental Indenture, the Company shall be responsible for making all calculations called for
under the Notes. The Company shall make all such calculations in good faith and, absent manifest
error, its calculations shall 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.

     Section 1.07. 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.

ARTICLE 2

Form of the Notes

     Section 2.01. Forms Generally. The Notes and the Trustee’s certificates of authentication
shall be in substantially the forms set forth in this Article, with such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this First
Supplemental Indenture, and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may be required to comply with the rules of any
securities exchange or Depositary therefor, the Code and regulations thereunder, or as may,
consistently herewith, be determined by the officers executing such Notes, as evidenced by their
execution thereof.

     The Notes shall initially be issued in the form of one or more permanent Global Notes in
registered form in substantially the form set forth in this Article. 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 custodian for the Depositary, as hereinafter provided.

     Section 2.02. Form of Face of Note. THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER
OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH
DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (“DTC”), A NEW YORK CORPORATION, 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

14

 

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 IN AS
MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

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TTM TECHNOLOGIES, INC.

3.25% Convertible Senior Notes Due 2015

      

			
	No. 1                                     CUSIP NO.	 	U.S. $155,000,000

     TTM Technologies, Inc., a corporation duly organized and validly existing under the laws of
the State of Delaware (herein called the “Company”), which term includes any successor corporation
under the Indenture referred to on the reverse hereof), for value received hereby promises to pay
to Cede & Co., or registered assigns, the principal sum of One Hundred Fifty-Five Million Dollars
($155,000,000) (which amount may from time to time be increased or decreased by adjustments made on
the records of the Trustee, as custodian for the Depositary, in accordance with the rules and
procedures of the Depositary) on May 15, 2015. Payment of the principal of this Note shall be made
by check mailed to the address of the Holder of this Note specified in the register of Notes, or,
at the option of the Company, by wire transfer in immediately available funds, in such lawful money
of the United States of America as at the time of payment shall be legal tender for the payment of
public and private debts.

     The issue date of this Note is May 14, 2008.

     Reference is made to the further provisions of this Note set forth on the reverse hereof,
including, without limitation, provisions giving the Holder the right to convert this Note into
Common Stock of the Company and to require the Company to repurchase this Note upon certain events,
in each case, on the terms and subject to the limitations referred to on the reverse hereof and as
more fully specified in the Indenture. Such further provisions shall for all purposes have the
same effect as though fully set forth at this place. Capitalized terms used but not defined herein
shall have such meanings as are ascribed to such terms in the Indenture.

     This Note shall be deemed to be a contract made under the laws of the State of New York, and
for all purposes shall be construed in accordance with and governed by the laws of said State.

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

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

	 	 	 	 	 	 	 
	 	 	TTM TECHNOLOGIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Authorized Signatory	 	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

AMERICAN STOCK TRANSFER & TRUST COMPANY

as Trustee, certifies that this is one of the Notes described

in the within-named Indenture.

	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Authorized Signatory	 	 	 	 

Date:

17

 

[FORM OF REVERSE OF NOTE]

TTM TECHNOLOGIES, INC.

3.25% Convertible Senior Notes Due 2015

     This Note is one of a duly authorized issue of Notes of the Company, designated as its 3.25%
Convertible Senior Notes due 2015 (the “Notes”), all issued or to be issued under and pursuant to
an Indenture dated as of May 14, 2008, as supplemented and modified by a First Supplemental
Indenture dated as of May 14, 2008 (together, the “Indenture”), each between the Company and
American Stock Transfer & Trust Company (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.

     Interest. The Notes will bear interest at a rate of 3.25% per year. Interest on the
Notes will accrue from May 14, 2008. Interest will be payable semiannually in arrears on May 15 and
November 15, beginning November 15, 2008, and at maturity.

     Interest will be paid to the person in whose name a Note is registered at the close of
business on the May 1 or November 1, as the case may be, immediately preceding the relevant
Interest Payment Date. Interest on the Notes will be computed on the basis of a 360-day year
composed of twelve 30-day months.

     Ranking. The Notes constitute a senior unsecured general obligation of the Company,
ranking equally in right of payment with all of the existing and future senior unsecured and
unsubordinated debt of the Company and ranking senior in right of payment to any future debt of the
Company that is expressly made subordinate in right of payment to the Notes by the terms of such
debt, and effectively ranking junior to any existing and future secured debt of the Company to the
extent of the value of the assets securing such debt.

     Redemption at the Option of the Company. The Company may not redeem any of the Notes
at its option prior to maturity.

     Repurchase by the Company at the Option of the Holder Upon a Fundamental Change.
Subject to the terms and conditions of the Indenture, the Company shall become obligated, at the
option of the Holder, to repurchase the Notes if a Fundamental Change occurs at any time prior to
the Stated Maturity at 100% of the Principal Amount plus accrued and unpaid interest, including
Additional Interest, if any, to, but excluding, the Fundamental Change Repurchase Date, which
amount will be paid in cash.

     Withdrawal of Fundamental Change Repurchase Notice. Holders have the right to
withdraw, in whole or in part, any Fundamental Change Repurchase Notice, as the case may be, by
delivering to the Paying Agent a written notice of withdrawal in accordance with the provisions of
the Indenture.

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     Payment of Fundamental Change Repurchase Price. If cash sufficient to pay the
Fundamental Change Repurchase Price of all Notes or portions thereof to be repurchased on a
Fundamental Change Repurchase Date is deposited with the Paying Agent on the Fundamental
Change Repurchase Date, such Notes will cease to be outstanding and interest will cease to
accrue on such Notes (or portions thereof) immediately after such Fundamental Change Repurchase
Date, and the Holder thereof shall have no other rights as such (other than the right to receive
the Fundamental Change Repurchase Price upon surrender of such Note).

     Conversion. Subject to and in compliance with the provisions of the Indenture
(including without limitation the conditions of conversion of this Note set forth in Article 6
thereof), the Holder hereof has the right, at its option, to convert the Principal Amount hereof or
any portion of such principal which is $1,000 or an integral multiple thereof, into cash and shares
of Common Stock, if any, in each case at the Conversion Rate. The initial Conversion Rate is
62.6449 shares of Common Stock per $1,000 Principal Amount of Notes (equivalent to a conversion
price of approximately $15.96), subject to adjustment in certain events described in the Indenture.
Upon conversion, the Company will pay cash and shares of Common Stock, if any, based on a
Settlement Amount calculated on a proportionate basis for each day of the Observation Period, as
set forth in the Indenture. No fractional shares will be issued upon any conversion, but an
adjustment and payment in cash will be made, as provided in the Indenture, in respect of any
fraction of a share which would otherwise be issuable upon the surrender of any Notes for
conversion. Notes in respect of which a Holder is exercising its right to require repurchase on a
Fundamental Change Repurchase Date may be converted only if such Holder withdraws its election to
exercise such right in accordance with the terms of the Indenture.

     In the event of a deposit or withdrawal of an interest in this Note, including an exchange,
transfer, repurchase or conversion of this Note in part only, the Trustee, as custodian of the
Depositary, shall make an adjustment on its records to reflect such deposit or withdrawal in
accordance with the rules and procedures of the Depositary.

     If an Event of Default shall occur and be continuing, the Principal Amount plus interest,
including Additional Interest, if any, through such date on all the Notes may be declared due and
payable in the manner and with the effect provided in the Indenture.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Notes under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of not less than a majority in aggregate Principal Amount of the Outstanding Notes. The
Indenture also contains provisions permitting the Holders of specified percentages in aggregate
Principal Amount of the Outstanding Notes, on behalf of the Holders of all the Notes, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of any provision of
or applicable to this Note shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the

19

 

registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Note.

     As provided in and subject to the provisions of the Indenture, the Holder of this Note shall
not have the right to institute any proceeding with respect to the Indenture or for the appointment
of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default with respect to the
Notes, the Holders of not less than 25% in aggregate Principal Amount of the Outstanding
Notes shall have made written request to the Trustee to institute proceedings in respect of
such Event of Default as Trustee and offered the Trustee reasonable indemnity satisfactory to it,
the Trustee shall not have received from the Holders of a majority in Principal Amount of
Outstanding Notes a direction inconsistent with such request, and the Trustee shall have failed to
institute any such proceeding, for 60 days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the
enforcement of any payment of the Principal Amount or Fundamental Change Repurchase Price hereof on
or after the respective due dates expressed herein.

     No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
Principal Amount or Fundamental Change Repurchase Price of, and interest, including Additional
Interest, if any, on, this Note at the times, place and rate, and in the coin or currency, herein
prescribed.

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Note is registrable in the Note Register, upon surrender of this Note for
registration of transfer at the office or agency of the Company in The City of New York, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the Note Registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Notes, of authorized denominations and for the same
aggregate Principal Amount, will be issued to the designated transferee or transferees.

     The Notes are issuable only in registered form in denominations of $1,000 and any integral
multiple of $1,000 above that amount, as provided in the Indenture and subject to certain
limitations therein set forth. Notes are exchangeable for a like aggregate Principal Amount of
Notes of a different authorized denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company and the Note Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

     Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
and the Note Registrar and any agent of the Company or the Trustee may treat the Person in whose
name this Note is registered as the owner hereof for all purposes, whether or not

20

 

this Note be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

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

     All terms used in this Note that are defined in the Indenture shall have the meanings assigned
to them in the Indenture.

21

 

[FORM OF CONVERSION NOTICE]

     To: TTM TECHNOLOGIES, INC.

     The undersigned registered owner of this Note hereby exercises the option to convert this
Note, or the portion hereof (which is $1,000 principal amount or an integral multiple thereof)
below designated, into cash and shares of Common Stock, if any, in accordance with the terms of the
Indenture referred to in this Note, and directs that the check in payment of the cash deliverable
upon such conversion, together with any shares issuable in respect of the remaining Settlement
Amount (as defined in the Indenture), if any, and for fractional shares 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 shares or any portion of this Note not
converted are to be issued in the name of a person other than the undersigned, the undersigned will
pay all transfer taxes payable with respect thereto. Any amount required to be paid to the
undersigned on account of interest accompanies this Note.

     Dated:                     

                                                                                                    

Signature(s)

                                                                                

Signature Guarantee

Signature(s) must be guaranteed by an eligible Guarantor

Institution (banks, stock brokers, savings and loan

associations and credit unions) with membership in an

approved signature guarantee medallion program pursuant

to Rule 17Ad-15 under the Securities Exchange Act of 1934,

as amended, if shares of Common Stock are to be issued, or

Notes to be delivered, other than to and in the name of the

registered holder.

22

 

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

	 	 	 
	 

	 	Principal amount to be converted (if less than all): $___,000
	 
	 	 
	 

	 	 
	 

	 	Social Security or other Taxpayer Identification Number

23

 

[FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]

To: TTM TECHNOLOGIES, INC.

     The undersigned registered owner of this Note hereby acknowledges receipt of a notice from TTM
Technologies, Inc. (the “Company”) as to the occurrence of a Fundamental Change with respect to the
Company and requests and instructs the Company to repay the entire principal amount of this Note,
or the portion thereof (which is $1,000 principal amount or an integral multiple thereof) below
designated, in accordance with the terms of the Indenture referred to in this Note, to the
registered holder hereof.

     Dated:                     

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	Signature(s)	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	Social Security or Other Taxpayer Identification Number:	 	 
	 
	 	 	 	 
	 

	 	Principal amount to be repaid (if less than all): $___,000	 	 
	 
	 	 	 	 
	 

	 	NOTICE: The above signatures of the holder(s) hereof must correspond with the
name as written upon the face of the Note in every particular without
alteration or enlargement or any change whatever.	 	 

24

 

[FORM OF ASSIGNMENT AND TRANSFER]

     For value received                      hereby sell(s), assign(s) and transfer(s) unto                     
(Please insert social security or Taxpayer Identification Number of assignee) the within Note, and
hereby irrevocably constitutes and appoints                      attorney to transfer the said Note on the
books of the Company, with full power of substitution in the premises.

     Dated:                     

                                                                                

Signature(s)

                                                                                

Signature Guarantee

Signature(s) must be guaranteed by an eligible

Guarantor Institution (banks, stock brokers,

savings and loan associations and credit unions)

with membership in an approved signature

guarantee medallion program pursuant to

Rule 17Ad-15 under the Securities Exchange

Act of 1934, as amended, if shares of Common

Stock are to be issued, or Notes to be delivered,

other than to and in the name of the registered

holder.

25

 

NOTICE: The signature on the conversion notice,

the option to elect repurchase upon a Fundamental

Change, or the assignment must correspond with

the name as
written upon the face of the Note in
every particular without alteration or enlargement

or any change
whatever.

26

 

     Section 2.03.
Form of Trustee’s Certificate of Authentication. This is one of the Notes
referred to in the within-mentioned Indenture.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:	 	 	 	 	 	American Stock Transfer & Trust Company, as Trustee
	 

	 	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Authorized Signatory	 	 

ARTICLE 3

The Notes

     Section 3.01.
Title and Terms; Payments. The aggregate Principal Amount of Notes that may
be authenticated and delivered under this First Supplemental Indenture is initially limited to
$155,000,000 (or up to $175,000,000 to the extent the Underwriters exercise their over-allotment
option granted pursuant to the Underwriting Agreement), except for Notes authenticated and
delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant
to Sections 3.05, 3.06, 3.07, 5.05.

     The Notes shall be known and designated as the “3.25% Convertible Senior Notes due 2015” of
the Company. The Principal Amount shall be payable at the Stated Maturity.

     The Principal Amount of and interest on Global Notes registered in the name of The Depository
Trust Company or its nominee shall be paid by wire transfer in immediately available funds to The
Depository Trust Company or its nominee, as applicable.

     The Principal Amount of Certificated Notes shall be payable at the Corporate Trust Office and
at any other office or agency maintained by the Company for such purpose. Interest, including
Additional Interest, if any, on Certificated Notes will be payable (i) to Holders having an
aggregate Principal Amount of $5,000,000 or less of Notes, by check mailed to such Holders at the
address set forth in the Note Register and (ii) to Holders having an aggregate Principal Amount of
more than $5,000,000 of Notes, either by check mailed to such Holders or, upon application by a
Holder to the Note Registrar not later than the relevant Record Date for such interest payment, by
wire transfer in immediately available funds to such Holder’s account within the United States,
which application shall remain in effect until the Holder notifies the Note Registrar to the
contrary in writing.

     Section 3.02. Ranking. The Notes constitute a senior unsecured general obligation of the
Company, ranking equally in right of payment with all of the existing and future senior

27

 

unsecured
and unsubordinated Indebtedness of the Company and ranking senior in right of payment to any future
Indebtedness of the Company that is expressly made subordinate in right
of payment to the Notes by the terms of such Indebtedness, and effectively ranking junior to
any existing and future secured Indebtedness of the Company to the extent of the value of the
assets securing such Indebtedness.

     Section 3.03. Denominations. The Notes shall be issuable only in registered form without
coupons and in denominations of $1,000 and any integral multiple of $1,000 above that amount.

     Section 3.04. Execution, Authentication, Delivery and Dating. The Notes shall be executed
on behalf of the Company by its Chief Executive Officer, its President, its Chief Financial Officer
or its Treasurer.

     Notes bearing the manual or facsimile signatures of individuals who were at any time the
proper officers of the Company shall bind the Company, notwithstanding that such individuals or any
of them have ceased to hold such offices prior to the authentication and delivery of such Notes or
did not hold such offices at the date of such Notes.

     At any time and from time to time after the execution and delivery of this First Supplemental
Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication,
together with a Company Order for the authentication and delivery of such Notes. The Company Order
shall specify the amount of Notes to be authenticated, and shall further specify the amount of such
Notes to be issued as a Global Note or as Certificated Notes. The Trustee in accordance with such
Company Order shall authenticate and deliver such Notes as in this First Supplemental Indenture
provided and not otherwise.

     Each Note shall be dated the date of its authentication.

     No Note shall be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose unless there appears on such Note a certificate of authentication substantially in the form
provided for herein executed by the Trustee by manual signature, and such certificate upon any Note
shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and
delivered hereunder.

     Section 3.05. Temporary Notes. Pending the preparation of definitive Notes, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Notes that
are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued
and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Notes may determine, as evidenced by their execution of such Notes; provided, that
any such temporary Notes shall bear legends on the face of such Notes as set forth in Section 2.02.

28

 

     If temporary Notes are issued, the Company will cause definitive Notes to be prepared without
unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be
exchangeable for definitive Notes upon surrender of the temporary Notes at any office or agency of
the Company designated pursuant to Section 4.02, without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Notes, the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a like Principal Amount of
Certificated Notes of authorized denominations. Until so exchanged, the temporary Notes shall in
all respects be entitled to the same benefits under the Indenture as Certificated Notes.

     Section 3.06. Registration; Registration of Transfer and Exchange; Restrictions on Transfer.

     (a) The Company shall cause to be kept at the applicable Corporate Trust Office of the Trustee
a register (the register maintained in such office and in any other office or agency designated
pursuant to Section 4.02 being herein sometimes collectively referred to as the “Note Register”) in
which, subject to such reasonable regulations as it may prescribe, the Company shall provide for
the registration of Notes and of transfers of Notes. The Trustee is hereby appointed “Note
Registrar” (the “Note Registrar”) for the purpose of registering Notes and transfers of Notes as
herein provided.

     Upon surrender for registration of transfer of any Note at an office or agency of the Company
designated pursuant to Section 4.02 for such purpose, the Company shall execute, and the Trustee
shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Notes of any authorized denominations and of a like aggregate Principal Amount and tenor,
each such Note bearing such restrictive legends as may be required by this First Supplemental
Indenture (including Sections 2.02).

     At the option of the Holder and subject to the other provisions of this Section 3.06 and to
Section 3.10, Notes may be exchanged for other Notes of any authorized denominations and of a like
aggregate Principal Amount and tenor, upon surrender of the Notes to be exchanged at such office or
agency. Whenever any Notes are so surrendered for exchange, the Company shall execute, and the
Trustee shall authenticate and deliver, the Notes which the Holder making the exchange is entitled
to receive.

     All Notes issued upon any registration of transfer or exchange of Notes shall be the valid
obligations of the Company, evidencing the same debt, and entitled to the same benefits under the
Indenture, as the Notes surrendered upon such registration of transfer or exchange.

     Every Note presented or surrendered for registration of transfer or for exchange shall (if so
required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Company and the Note Registrar duly executed, by the Holder
thereof or his attorney duly authorized in writing.

29

 

     No service charge shall be made for any registration of transfer or exchange of Notes, but the
Company and the Note Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any registration of transfer or exchange
of Notes, other than exchanges pursuant to Section 3.05 not involving any transfer.

     Neither the Company nor the Note Registrar shall be required to exchange or register a
transfer of any Note (i) that has been surrendered for conversion or (ii) as to which a
Fundamental Change Repurchase Notice has been delivered and not withdrawn, except that where
such Fundamental Change Repurchase Notice provides that such Note is to be purchased only in part,
the Company and the Note Registrar shall be required to exchange or register a transfer of the
portion thereof not to be purchased.

     (b) Neither the Trustee, the Note Registrar nor any of their respective agents shall (i) have
any duty to monitor compliance with or with respect to any federal or state or other securities or
tax laws or (ii) have any duty to obtain documentation relating to any transfers or exchanges other
than as specifically required hereunder.

     Section 3.07. Mutilated, Destroyed, Lost and Stolen Notes. If any mutilated Note is
surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a new Note of like tenor and Principal Amount and bearing a number not
contemporaneously outstanding.

     If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Note and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the
absence of notice to the Company or the Trustee that such Note has been acquired by a bona fide
purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any
such destroyed, lost or stolen Note, a new Note of like tenor and Principal Amount and bearing a
number not contemporaneously outstanding.

     In case any such mutilated, destroyed, lost or stolen Note has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note.

     Upon the issuance of any new Note under this Section 3.07, the Company may require payment by
the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

     Every new Note issued pursuant to this Section 3.07 in lieu of any destroyed, lost or stolen
Note shall constitute an original additional contractual obligation of the Company, whether or not
the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be
entitled to all the benefits of the Indenture equally and proportionately with any and all other
Notes duly issued hereunder.

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     The provisions of this Section are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost
or stolen Notes.

     Section 3.08. Persons Deemed Owners. Prior to due presentment of a Note for registration of
transfer, the Company, the Trustee, the Note Registrar and any agent of the Company, the Trustee or
the Note Registrar may treat the Person in whose name such Note is registered as the owner of such
Note for the purpose of receiving payment of the principal of
such Note and for all other purposes whatsoever, whether or not such Note be overdue, and
neither the Company, the Trustee, the Note Registrar nor any agent of the Company, the Trustee or
the Note Registrar shall be affected by notice to the contrary.

     Section 3.09. Book-Entry Provisions for Global Notes.

     (a) The Global Notes initially shall (i) be registered in the name of the Depositary or the
nominee of such Depositary, (ii) be delivered to the Trustee as custodian for the Depositary and
(iii) bear legends as set forth on the face of the form of Note in Section 2.02.

     Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under
the Indenture with respect to any Global Note held on their behalf by the Depositary, or the
Trustee as its custodian, or under the Global Note, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to
any written certification, proxy or other authorization furnished by the Depositary or impair, as
between the Depositary and its Agent Members, the operation of customary practices governing the
exercise of the rights of any Holder.

     (b) Transfers of the Global Notes shall be limited to transfers in whole, but not in part, to
the Depositary, its successors or their respective nominees. Interests of beneficial owners in a
Global Note may be transferred or exchanged, in whole or in part, for Certificated Notes in
accordance with the rules and procedures of the Depositary and the provisions of Section 3.10. In
addition, Certificated Notes shall be transferred to all beneficial owners in exchange for their
beneficial interests in the Global Notes if (i) such Depositary has notified the Company that the
Depositary (A) is unwilling or unable to continue as Depositary for such Global Note or (B) has
ceased to be a clearing agency registered under the Exchange Act when the Depositary is required to
be so registered to act as such Depositary and, in either such case, no successor Depositary shall
have been appointed within 90 days of such notification, (ii) there shall have occurred and be
continuing an Event of Default with respect to such Global Note and the Outstanding Notes shall
have become due and payable pursuant to Section 7.02 and the Trustee requests that Certificated
Notes be issued or (iii) the Company, at its option, notifies the Trustee that it elects to cause
the issuance of Certificated Notes, subject to applicable procedures of the Depositary.

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     (c) In connection with any transfer or exchange of a portion of the beneficial interest in the
Global Note to beneficial owners pursuant to paragraph (b) above, the Note Registrar shall (if one
or more Certificated Notes are to be issued) reflect on its books and records the date and a
decrease in the Principal Amount of the Global Note in an amount equal to the Principal Amount of
the beneficial interest in the Global Note to be transferred, and the Company shall execute, and
the Trustee shall authenticate and deliver, one or more Certificated Notes of like tenor and
amount.

     (d) In connection with the transfer of the entire Global Note to beneficial owners pursuant to
paragraph (b) above, the Global Note shall be deemed to be surrendered to the
Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate
and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial
interest in the Global Note, an equal aggregate Principal Amount of Certificated Notes of
authorized denominations and the same tenor.

     (e) The Holder of the Global Notes may grant proxies and otherwise authorize any Person,
including Agent Members and Persons that may hold interests through Agent Members, to take any
action that a Holder is entitled to take under the Indenture or the Notes.

     Section 3.10. Cancellation and Transfer Provisions. The Company at any time may deliver to
the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the
Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation
any Notes previously authenticated hereunder which the Company has not issued and sold. The
Trustee shall cancel and dispose of all Notes surrendered for registration of transfer, exchange,
payment, purchase, repurchase, conversion (pursuant to Article 6 hereof) or cancellation in
accordance with its customary practices. If the Company shall acquire any of the Notes, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by
such Notes unless and until the same are delivered to the Trustee for cancellation. The Company
may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for
cancellation.

     Section 3.11. CUSIP Numbers. In issuing the Notes, the Company may use “CUSIP” numbers (if
then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption
as a convenience to Holders; provided that any such notice may state that no representation is made
as to the correctness of such numbers either as printed on the Notes or as contained in any notice
of a 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
numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers.

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ARTICLE 4

Particular Covenants of the Company

     Section 4.01. Payment of Principal and Interest. The Company covenants and agrees that it
shall duly and punctually pay or cause to be paid the principal of and interest on each of the
Notes, including Additional Interest, if any, at the places, at the respective times and in the
manner provided herein and in the Notes.

     Section 4.02. Maintenance of Office or Agency. The Company shall maintain an office or
agency where the Notes may be surrendered for registration of transfer or exchange or for
presentation for payment or for conversion and where notices and demands to or upon the Company in
respect of the Notes and the Indenture may be served. The Company shall give prompt written notice
to the Trustee of the location, and any change in the location, of such office or agency not
designated or appointed by the Trustee. If at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office, 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 co-registrars and one or more offices or
agencies where the Notes may be presented or surrendered for any or all such purposes and may from
time to time rescind such designations.

     The Company will give prompt written notice of any such designation or rescission and of any
change in the location of any such other office or agency.

     The Company hereby initially designates the Trustee as paying agent, Note Registrar, Custodian
and Conversion Agent and the Corporate Trust Office.

     So long as the Trustee is the Note Registrar, the Trustee agrees to mail, or cause to be
mailed, the notices and reports referenced in Article 7 of the Base Indenture and Section 7.14
hereunder. If co-registrars have been appointed in accordance with this Section, the Trustee shall
mail such notices and reports only to the Company and the holders of Notes it can identify from its
records.

     Section 4.03. Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever
necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided
in Section 7.08 of the Base Indenture, a Trustee, so that there shall at all times be a Trustee
hereunder.

     Section 4.04. Provisions as to Paying Agent.

     (a) If the Company shall appoint a Paying Agent other than the Trustee, or if the Trustee
shall appoint such a Paying Agent, the Company will cause such Paying Agent to

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execute and deliver
to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the
provisions of this Section 4.04:

     (i) that it will hold all sums held by it as such agent for the payment of the
principal of or interest, including Additional Interest, if any, on the Notes (whether such
sums have been paid to it by the Company or by any other obligor on the Notes) in trust for
the benefit of the holders of the Notes;

     (ii) that it will give the Trustee notice of any failure by the Company (or by any
other obligor on the Notes) to make any payment of the principal of or interest, including
Additional Interest, if any, on the Notes when the same shall be due and payable; and

     (iii) that at any time during the continuance of an Event of Default, upon request of
the Trustee, it will forthwith pay to the Trustee all sums so held in trust.

     The Company shall, on or before each due date of the principal of or interest, including
Additional Interest, if any, on the Notes, deposit with the paying agent a sum (in funds which are
immediately available on the due date for such payment) sufficient to pay such principal or
interest, and (unless such paying agent is the Trustee) the Company will promptly notify the
Trustee of any failure to take such action; provided, however, that if such deposit is made on the
due date, such deposit shall be received by the paying agent by 10:00 a.m. New York City time, on
such date.

     (b) If the Company shall act as its own Paying Agent, it will, on or before each due date of
the principal of or interest on the Notes, set aside, segregate and hold in trust for the benefit
of the holders of the Notes a sum sufficient to pay such principal or interest, including
Additional Interest, if any, so becoming due and will promptly notify the Trustee of any failure to
take such action and of any failure by the Company (or any other obligor under the Notes) to make
any payment of the principal of or interest, including Additional Interest, if any, on the Notes
when the same shall become due and payable.

     (c) Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any
time, for the purpose of obtaining a satisfaction and discharge of this First Supplemental
Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust
by the Company or any paying agent hereunder as required by this Section 4.04, such sums to be held
by the Trustee upon the trusts herein contained and upon such payment by the Company or any paying
agent to the Trustee, the Company or such paying agent shall be released from all further liability
with respect to such sums.

     The Trustee shall not be responsible for the actions of any other paying agents (including the
Company if acting as its own paying agent) and shall have no control of any funds held by such
other paying agents.

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     Section 4.05. Commission Filings and Reports. The Company covenants to comply with
Section 314(a) of the Trust Indenture Act as it relates to reports, information and documents that
the Company may be required to file with the Trustee pursuant to such Section 314(a) and with the
Commission pursuant to Section 13 or 15(d) of the Exchange Act or otherwise by the Exchange Act,
the Trust Indenture Act or other rules and regulations of the Commission and to file such reports,
information and documents with the Trustee within 30 calendar days after the same is required to be
filed with the Commission; provided that in each case the delivery of materials to the Trustee by
electronic means or filing of documents pursuant to the Commission’s “EDGAR” system (or any
successor electronic filing system) shall be deemed to constitute “filing” with the Trustee for
purposes of this Section 4.05. Delivery of such reports, information and documents to the Trustee
is for informational purposes only and the Trustee’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates).

     Section 4.06. Book-Entry System. If the Notes cease to trade in the Depositary’s book-entry
settlement system, the Company covenants and agrees that it shall use reasonable efforts to make
such other book-entry arrangements that it determines are reasonable for the Notes.

     Section 4.07. Additional Interest. If at any time Additional Interest become payable by the
Company pursuant to Section 7.16, the Company shall promptly deliver to the Trustee a certificate
to that effect and stating (i) the amount of such Additional Interest that is payable and (ii) the
date on which such Additional Interest is payable pursuant to the terms of the Indenture. Unless
and until a Responsible Officer of the Trustee receives such a certificate, the Trustee may assume
without inquiry that no Additional Interest is payable. If the Company has paid Additional
Interest directly to the Persons entitled to such Additional Interest, the Company shall deliver to
the Trustee a certificate setting forth the particulars of such payment.

     Section 4.08. Stay; Extension and Usury Laws. The Company covenants (to the extent that it
may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, extension or usury law or other law which
would prohibit or forgive the Company from paying all or any portion of the principal of or
interest, including Additional Interest, if any, on the Notes as contemplated herein, wherever
enacted, now or at any time hereafter in force, or which may affect the covenants or the
performance of the Indenture and the Company (to the extent it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants that it will not, by resort to any
such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but
will suffer and permit the execution of every such power as though no such law had been enacted.

     Section 4.09. Compliance Certificate; Notice of Default to Trustee. The Company shall
deliver to the Trustee, within one hundred twenty (120) days after the end of each fiscal year of
the Company, an Officers’ Certificate, stating whether or not to the knowledge of the signer

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thereof the Company is in default in the performance and observance of any of the terms, provisions
and conditions of the Indenture (without regard to any period of grace or requirement of notice
provided hereunder) and, if the Company shall be in default, specifying all such defaults and the
nature and the status thereof of which the signer may have knowledge.

     The Company shall deliver to the Trustee, as soon as possible and in any event within 30 days
after the Company becomes aware of the occurrence of any Event of Default or an event which, with
notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate
setting forth the details of such Event of Default or Default, its status and the action which the
Company proposes to take with respect thereto.

     Any notice required to be given under this Section 4.09 shall be delivered to a Responsible
Officer of the Trustee at its Corporate Trust Office.

ARTICLE 5

Fundamental Changes and Repurchases Thereupon

     Section 5.01. Repurchase at Option of Holders Upon a Fundamental Change.

     (a) Generally. If a Fundamental Change occurs at any time prior to the Maturity of the Notes,
then each Noteholder shall have the right, at such Holder’s option, to require the
Company to repurchase all of such Holder’s Notes or any portion thereof that is a multiple of
$1,000 Principal Amount, on a Business Day specified by the Company that is no later than the 35th
calendar day after the date of the Fundamental Change Company Notice (as defined below), subject to
extension to comply with applicable law (the “Fundamental Change Repurchase Date”), at a repurchase
price equal to 100% of the Principal Amount thereof, together with accrued and unpaid interest
thereon, including Additional Interest, if any, to, but excluding, the Fundamental Change
Repurchase Date (the “Fundamental Change Repurchase Price”); provided, however, that if Notes are
repurchased pursuant to this Section 5.01 between a regular Record Date and any Interest Payment
Date, the interest, including Additional Interest, if any, payable in respect of such Interest
Payment Date to which such Record Date relates, shall be payable to the Holders of record as of the
corresponding Record Date.

     Repurchases of Notes under this Section 5.01 shall be made, at the option of the Holder
thereof, upon:

     (i) delivery to the Trustee (or other Paying Agent appointed by the Company) by a
Holder, prior to the close of business on the Business Day immediately preceding the
Fundamental Change Repurchase Date, subject to extension to comply with applicable law, of a
duly completed notice (the “Fundamental Change Repurchase Notice”) in the form set forth on
the reverse side of the Notes or otherwise specifying:

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     (A) if certificated, the certificate numbers of Notes to be delivered for
repurchase (or if not certificated, information in compliance with appropriate
procedures of the Depositary);

     (B) the portion of the Principal Amount of Notes to be repurchased, which must
be $1,000 or an integral multiple thereof; and

     (C) that the Notes are to be repurchased by the Company pursuant to the
applicable provisions of the Notes and the Indenture; and

     (ii) delivery or book-entry transfer of the Notes to the Trustee (or other Paying Agent
appointed by the Company) at any time after delivery of the Fundamental Change Repurchase
Notice (together with all necessary endorsements) at the applicable Corporate Trust Office
of the Trustee (or other Paying Agent appointed by the Company), such delivery being a
condition to receipt by the Holder of the Fundamental Change Repurchase Price therefor;
provided that such Fundamental Change Repurchase Price shall be so paid pursuant to this
Section 5.01 only if the Notes so delivered to the Trustee (or other Paying Agent appointed
by the Company) shall conform in all respects to the description thereof in the related
Fundamental Change Repurchase Notice.

     Notwithstanding anything herein to the contrary, any Holder delivering to the Trustee (or
other Paying Agent appointed by the Company) the Fundamental Change Repurchase Notice contemplated
by this Section 5.01 shall have the right to withdraw such Fundamental Change Repurchase Notice at
any time prior to the close of business on the Business Day immediately preceding the Fundamental
Change Repurchase Date by delivery of a written notice of
withdrawal to the Trustee (or other Paying Agent appointed by the Company) in accordance with
Section 5.03 below.

     The Trustee (or other Paying Agent appointed by the Company) shall promptly notify the Company
of the receipt by it of any Fundamental Change Repurchase Notice or written notice of withdrawal
thereof.

     (b) Fundamental Change Company Notice. On or before the 20th day after the occurrence of a
Fundamental Change, the Company shall provide to all Holders of record of the Notes and the Trustee
and Paying Agent a notice (the “Fundamental Change Company Notice”) of the occurrence of such
Fundamental Change and of the repurchase right at the option of the Holders arising as a result
thereof. Such mailing shall be by first class mail. Simultaneously with providing such
Fundamental Change Company Notice, the Company shall publish a notice containing the information
included therein once in a newspaper of general circulation in The City of New York or publish such
information on the Company’s website or through such other public medium as the Company may use at
such time.

     Each Fundamental Change Company Notice shall specify:

     (i) the events causing the Fundamental Change;

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     (ii) the date of the Fundamental Change;

     (iii) the last date on which a Holder may exercise the repurchase right;

     (iv) the Fundamental Change Repurchase Price;

     (v) the Fundamental Change Repurchase Date;

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

     (vii) if applicable, the applicable Conversion Rate and any adjustments to the
applicable Conversion Rate;

     (viii) if applicable, that the Notes with respect to which a Fundamental Change
Repurchase Notice has been delivered by a Holder may be converted only if the Holder
withdraws the Fundamental Change Repurchase Notice in accordance with Section 5.03; and

     (ix) the procedures that Holders must follow to require the Company to repurchase their
Notes.

     No failure of the Company to give the foregoing notices and no defect therein shall limit any
Holder’s repurchase rights or affect the validity of the proceedings for the repurchase of the
Notes pursuant to this Section 5.01.

     (c) No Payment During Events of Default. There shall be no repurchase of any Notes pursuant
to this Section 5.01 if there has occurred (prior to, on or after, as the case may be, the giving,
by the Holders of such Notes, of the required Fundamental Change Repurchase Notice) and is
continuing an Event of Default (other than a default that is cured by the payment of the
Fundamental Change Repurchase Price with respect to such Notes). The Paying Agent will promptly
return to the respective Holders thereof any Notes (i) with respect to which a Fundamental Change
Repurchase Notice has been withdrawn in compliance with this First Supplemental Indenture, or (ii)
held by it during the continuance of an Event of Default (other than a default that is cured by the
payment of the Fundamental Change Repurchase Price with respect to such Notes) in which case, upon
such return, the Fundamental Change Repurchase Notice with respect thereto shall be deemed to have
been withdrawn.

     (d) Payment of Fundamental Change Repurchase Price. The Notes to be repurchased pursuant to
this Section 5.01 shall be paid for in cash.

     Section 5.02. Effect of Fundamental Change Repurchase Notice. Upon receipt by the Paying
Agent of the Fundamental Change Repurchase Notice specified in Section 5.01(a), the Holder of the
Note in respect of which such Fundamental Change Repurchase Notice was given shall (unless such
Fundamental Change Repurchase Notice is withdrawn as specified in

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accordance with Section 5.03)
thereafter be entitled to receive solely the Fundamental Change Repurchase Price with respect to
such Note. Such Fundamental Change Repurchase Price shall be paid to such Holder, subject to
receipt of funds by the Paying Agent, promptly following the later of (x) the Fundamental Change
Repurchase Date with respect to such Note (provided the conditions in Section 5.01(a) have been
satisfied) and (y) the time of delivery of such Note to the Paying Agent by the Holder thereof in
the manner required by Section 5.01(b).

     Section 5.03. Withdrawal of Fundamental Change Repurchase Notice.

     (a) A Fundamental Change Repurchase Notice may be withdrawn by means of a written notice of
withdrawal delivered to the Paying Agent in accordance with the Fundamental Change Company Notice
at any time prior to the close of business on the Business Day immediately preceding the
Fundamental Change Repurchase Date, specifying:

     (i) the Principal Amount of the Notes with respect to which such notice of withdrawal
is being submitted;

     (ii) if Certificated Notes have been issued, the certificate numbers of the withdrawn
Notes (or if Certificated Notes have not been issued, information in compliance with
appropriate procedures of the Depositary); and

     (iii) the Principal Amount of such Notes that remains subject to the original
Fundamental Change Repurchase Notice, which portion must be in Principal Amounts of $1,000
or an integral multiple of $1,000;

     provided, however, that if the Notes are not in certificated form, the notice must comply with
appropriate procedures of the Depositary.

     Section 5.04. Deposit of Fundamental Change Repurchase Price. Prior to 10:00 a.m. (local
time in The City of New York) on the Fundamental Change Repurchase Date, the Company shall 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, shall segregate and hold in trust as provided herein)
an amount of money (in immediately available funds if deposited on such Business Day) sufficient to
pay the Fundamental Change Repurchase Price, of all the Notes or portions thereof that are to be
repurchased as of the Fundamental Change Repurchase Date. The Company shall promptly notify the
Trustee in writing of the amount of any deposits of cash made pursuant to this Section 5.04. If
the Paying Agent holds cash sufficient to pay the Fundamental Change Repurchase Price of any Note
for which a Fundamental Change Repurchase Notice has been tendered and not withdrawn in accordance
with this First Supplemental Indenture as of the close of business on the Fundamental Change
Repurchase Date, then immediately following the Fundamental Change Repurchase Date, (a) such Note
will cease to be outstanding and interest (including Additional Interest, if any) will cease to
accrue thereon and (b) all other rights of the Holder in respect thereof will terminate (other than
the right to receive the Fundamental Change Repurchase Price and previously

39

 

accrued and unpaid
interest, including Additional Interest, if any, upon delivery or transfer of such Note).

     Section 5.05. Notes Repurchased in Whole or in Part. Any Note that is to be repurchased,
whether in whole or 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 shall
authenticate and deliver to the Holder of such Note, without service charge, a new Note or Notes,
of any authorized denomination as requested by such Holder in aggregate Principal Amount equal to,
and in exchange for, the portion of the Principal Amount of the Note so surrendered which is not
repurchased.

     Section 5.06. Covenant to Comply With Securities Laws Upon Repurchase of Notes. In
connection with any offer to repurchase Notes under Section 5.01 (provided that such offer or
repurchase constitutes an “issuer tender offer” for purposes of Rule 13e-4 (which term, as used
herein, includes any successor provision thereto) under the Exchange Act at the time of such offer
or repurchase), the Company shall (i) comply with Rule 13e-4 and Rule 14e-1 under the Exchange Act,
(ii) file the related Schedule TO (or any successor schedule, form or report) under the Exchange
Act, and (iii) otherwise comply with all Federal and state securities laws so as to permit the
rights and obligations under Section 5.01 to be exercised in the time and in the manner specified
in Section 5.01.

     Section 5.07. Repayment to the Company. The Trustee and the Paying Agent shall return to
the Company any cash that remains unclaimed, together with interest, including Additional Interest,
if any, or dividends, if any, thereon, held by them for the payment of the Fundamental Change
Repurchase Price; provided that to the extent that the aggregate amount of cash deposited by the
Company pursuant to Section 5.04 exceeds the aggregate Fundamental Change Repurchase Price of the
Notes or portions thereof which the Company is obligated to repurchase as of the Fundamental Change
Repurchase Date, then as soon as practicable following the
Fundamental Change Repurchase Date, the Trustee or the Paying Agent, as the case may be, shall
return any such excess to the Company.

ARTICLE 6

Conversion

     Section 6.01. Right to Convert.

     (a) Subject to and upon compliance with the provisions of the Indenture, each Holder shall
have the right, at such Holder’s option, at any time following the Issue Date of the Notes
hereunder through the close of business on the third Scheduled Trading Day immediately prior to the
Stated Maturity to convert the Principal Amount of any such Notes, or any portion of such Principal
Amount which is $1,000 or an integral multiple thereof at the Conversion Rate then in

40

 

effect, (x)
on or after November 15, 2014, without regard to the conditions described in clauses (i) through
(iv) below and (y) prior to November 15, 2014, only upon the satisfaction of any of the following
conditions:

     (i) A Holder may surrender all or a portion of its Notes for conversion during any
calendar quarter (and only during such calendar quarter) commencing after June 30, 2008 if
the Last Reported Sale Price for the Common Stock for at least 20 Trading Days during the
period of 30 consecutive Trading Days ending on the last Trading Day of the immediately
preceding calendar quarter is greater than or equal to 130% of the applicable Conversion
Price in effect on each such Trading Day.

     (ii) A Holder may surrender its Notes for conversion during the five Business Day
period after any 10 consecutive Trading Day period (the “Measurement Period”) in which the
Trading Price per $1,000 principal amount of Notes, as determined following a request by a
Holder in accordance with the procedures set forth in this Section 6.01(a)(ii), for each day
of such period was less than 98% of the product of the Last Reported Sale Price of the
Common Stock and the applicable Conversion Rate. In connection with any conversion in
accordance with this Section 6.01(a)(ii), the Bid Solicitation Agent shall have no
obligation to determine the Trading Price of the Notes unless requested by the Company; and
the Company shall have no obligation to make such request unless a Holder provides the
Company with reasonable evidence that the Trading Price per $1,000 principal amount of Notes
would be less than 98% of the product of the Last Reported Sale Price of the Common Stock
and the applicable Conversion Rate. Promptly after receiving such evidence, the Company
shall instruct the Bid Solicitation Agent to determine the Trading Price of the Notes
beginning on the next Trading Day and on each successive Trading Day until the Trading Price
per $1,000 principal amount of Notes is greater than or equal to 98% of the product of the
Last Reported Sale Price of the Common Stock and the applicable Conversion Rate.

The Company shall notify the Trustee and the Holders, in the manner provided in Section
11.02 of the Base Indenture, promptly upon determining (i) that the condition to
convertibility of the Notes set forth in this Section 6.01(a)(ii) has been met and (ii) at
any
time after the condition to convertibility of the Notes set forth in this Section
6.01(a)(ii) has been met, that the Trading Price per $1,000 principal amount of Notes is
greater than or equal to 98% of the product of the Last Reported Sale Price of the Common
Stock and the applicable Conversion Rate.

     (iii) In the event that the Company elects to:

     (A) issue to all or substantially all holders of Common Stock rights entitling
them to purchase, for a period expiring within 60 days after the date of the
distribution, shares of Common Stock at less than the average of the Last Reported
Sale Prices of a share of Common Stock for the 10 consecutive Trading

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Day period
ending on the Trading Day preceding the announcement of such issuance; or

     (B) distribute to all or substantially all holders of Common Stock assets,
debt securities or rights to purchase securities of the Company, which distribution
has a per share Fair Market Value, as reasonably determined by the Company’s Board
of Directors, exceeding 10% of the Last Reported Sale Price of the Common Stock on
the Trading Day preceding the declaration date for such distribution,

then, in each case, the Company shall notify the Holders, in the manner provided in Section
11.02 of the Base Indenture, at least 65 Scheduled Trading Days prior to the first date upon
which a sale of Common Stock does not automatically transfer the right to receive the
relevant dividend or distribution from the seller of Common Stock to its buyer (the
“Ex-Dividend Date”) or, if later, the Company shall notify the Holders on which the Company
sets the Ex-Dividend Date for such distribution; provided, that in the event that the
Ex-Dividend Date for such distribution is less than 65 Scheduled Trading Days from the date
of the Company’s notice, the Company will set the Ex-Dividend Date for such distribution in
a manner that, subject to applicable law, provides as much notice as possible to Holders of
the Notes. Once the Company has given such notice, Holders may surrender Notes for
conversion at any time until the earlier of 5:00 p.m., New York City time, on the Business
Day immediately prior to such Ex-Dividend Date or the Company’s announcement that such
distribution will not take place, even if the Notes are not otherwise convertible at such
time.

     (iv) (A) If the Company is party to a Fundamental Change, the Company shall notify
Holders, in the manner provided in Section 11.02 of the Base Indenture, at least 65
Scheduled Trading Days prior to the anticipated effective date for such transaction. Once
the Company has given such notice, Holders may surrender Notes for conversion at any time
until 35 calendar days after the actual effective date of such transaction or, if later,
until the related Fundamental Change Repurchase Date.

     (b) Notwithstanding the foregoing, a Note in respect of which a Holder has delivered a
Fundamental Change Repurchase Notice exercising such Holder’s option to require the Company to
repurchase such Note may be converted only if such notice of exercise is withdrawn
in accordance with Article 5 hereof prior to the close of business on the Business Day
immediately preceding the Fundamental Change Repurchase Date.

     Section 6.02. Conversion Procedure.

     (a) Each Note shall be convertible at the office of the Conversion Agent.

     (b) In order to exercise the conversion right with respect to any interest in Global Notes,
the Holder must complete the appropriate instruction form for conversion pursuant to the

42

 

Depositary’s book-entry conversion program, furnish appropriate endorsements and transfer documents
if required by the Company or the Trustee or Conversion Agent, and pay the funds, if any, required
by this Section 6.02 or Section 6.03(c) and any transfer taxes if required pursuant to Section
6.08. In order to exercise the conversion right with respect to any Notes in certificated form,
the Holder of any such Notes to be converted, in whole or in part, shall:

     (i) complete and manually sign the conversion notice provided on the back of the Note
(the “Conversion Notice”) or a facsimile of the conversion notice and deliver such notice
and the Note to a Conversion Agent;

     (ii) if required, furnish appropriate endorsements and transfer documents;

     (iii) if required, pay all taxes and duties that may be applicable to such conversion;
and

     (iv) make any payment required under this Section 6.02, Section 6.03(c) or Section
6.08.

     The date on which the Holder satisfies all of the applicable requirements set forth above is
the “Conversion Date.”

     (c) Each Conversion Notice shall state the name or names (with address or addresses) in which
any certificate or certificates for shares of Common Stock which shall be issuable on such
conversion shall be issued. All such Notes surrendered for conversion shall, unless the shares
issuable on conversion are to be issued in the same name as the registration of such Notes, be duly
endorsed by, or be accompanied by instruments of transfer in form satisfactory to the Company duly
executed by, the Holder or his duly authorized attorney.

     (d) On the third Scheduled Trading Day immediately following the last day of the Observation
Period, subject to compliance with any restrictions on transfer if shares issuable on conversion
are to be issued in a name other than that of the Holder (as if such transfer were a transfer of
the Notes (or portion thereof) so converted), the Company shall deliver and shall issue to such
Holder at the office of the Conversion Agent, the cash amounts payable in respect of such
conversion and a certificate or certificates for the number of full shares of Common Stock issuable
in respect of such conversion, if any, in accordance with the provisions of this Article 6.
Notwithstanding the immediately preceding sentence, with respect to any conversion of Notes for
which the Conversion Date occurs on or after the Effective Date of a Fundamental Change in which
the Reference Property into which the Common Stock is converted consists entirely of
cash, the delivery of cash and issuance of shares of Common Stock referred to in the
immediately preceding sentence shall take place on the third Scheduled Trading Day after the
relevant Conversion Date. In case any Notes of a denomination greater than $1,000 shall be
surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate
and deliver to the Holder of the Notes so surrendered, without charge to such Holder, new Notes

43

 

in
authorized denominations in an aggregate Principal Amount equal to the unconverted portion of the
surrendered Notes.

     Each conversion shall be deemed to have been effected as to any such Notes (or portion
thereof) on the date on which the requirements set forth above in this Section 6.02 have been
satisfied as to such Notes (or portion thereof), and the person in whose name any certificate or
certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to
have become on said date the Holder of record of the shares represented thereby; provided, however,
that in case of any such surrender on any date when the stock transfer books of the Company shall
be closed, the person or persons in whose name the certificate or certificates for such shares are
to be issued shall be deemed to have become the record Holder thereof for all purposes on the next
day on which such stock transfer books are open, but such conversion shall be at the Conversion
Rate in effect on the date upon which such Notes shall be surrendered.

     (e) Upon the conversion of an interest in Global Notes, the Trustee (or other Conversion Agent
appointed by the Company) shall make a notation on such Global Notes as to the reduction in the
Principal Amount represented thereby. The Company shall notify the Trustee in writing of any
conversions of Notes effected through any Conversion Agent other than the Trustee.

     Section 6.03. Settlement Upon Conversion.

     (a) Upon conversion of any Notes, the Company shall deliver to converting Holders, in respect
of each $1,000 Principal Amount of Notes being converted, a “Settlement Amount” equal to the sum of
the Daily Settlement Amounts for each of the 60 Trading Days during the Observation Period for such
Notes. The “Daily Settlement Amount” for each of the 60 Trading Days during the Observation Period
shall consist of:

     (i) cash equal to the lesser of (x) $1,000 divided by 60 (such quotient being referred
to as the “Daily Measurement Value”) and (y) the Daily Conversion Value, and

     (ii) to the extent the Daily Conversion Value exceeds the Daily Measurement Value, a
number of shares of Common Stock equal to (x) the difference between the Daily Conversion
Value and the Daily Measurement Value, divided by (y) the Daily VWAP for such day.

     (b) Upon conversion, Holders shall not receive any separate cash payment for accrued and
unpaid interest, including Additional Interest, if any, unless such conversion occurs between a
Record Date and the Interest Payment Date to which it relates, in which case such payment shall be
payable to the Holder of converted Notes as of the Record Date.

     (c) If Notes are converted after 5:00 p.m., New York City time, on a Record Date for the
payment of interest, Holders of such Notes at 5:00 p.m., New York City time, on such Record Date
will receive the interest and Additional Interest, if any, payable on such Notes on the
corresponding Interest Payment Date notwithstanding the conversion. Notes surrendered for

44

 

conversion during the period from 5:00 p.m., New York City time, on any 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 and Additional Interest, if any, payable on the Notes so
converted; provided that no such payment need be made (i) in respect of any conversion which occurs
after the Record Date for the interest payment due on May 15, 2015; (ii) if the Company has
specified a Fundamental Change Repurchase date that is after a Record Date and on or prior to the
third Trading Day after the corresponding Interest Payment Date or (iii) to the extent of any
overdue interest, if any overdue interest exists at the time of conversion with respect to such
Notes.

     (d) The Company shall not issue fractional shares of Common Stock upon conversion of Notes.
If multiple Notes shall be surrendered for conversion at one time by the same Holder, the number of
full shares which shall be issuable upon conversion shall be computed on the basis of the aggregate
Principal Amount of the Notes (or specified portions thereof to the extent permitted hereby) so
surrendered. If any fractional share of stock would be issuable upon the conversion of any Notes,
the Company shall make payment therefor to the Holder of such Notes in cash equal to the fraction
of a share of Common Stock otherwise issuable multiplied by the Daily VWAP for the final Trading
Day of the applicable Observation Period.

     (e) For purposes of this Section 6.03, and notwithstanding the definitions contained in
Section 1.01, the term “Trading Day” shall mean a day during which (A) there is no Market
Disruption Event and (B) trading in securities generally occurs on The Nasdaq Stock Market or, if
the Common Stock is not then listed on The Nasdaq Stock Market, on the principal other US national
on regional securities exchange on which the Common Stock is then listed or, if the Common Stock is
not then listed on a U.S. national or regional securities exchange, in the principal other market
on which the Common Stock is then traded. If the Common Stock (or other security for which a Daily
VWAP must be determined for purposes of this Section 6.03) is not so listed or quoted, then, for
purposes of this Section 6.03, “Trading Day” shall mean a Business Day.

     Section 6.04. Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from
time to time by the Company if any of the following events occurs, except that the Company will not
make any adjustment if holders of Notes may participate, as a result of holding the Notes, in the
transactions described without having to convert their Notes.

     (a) If the Company, at any time or from time to time while any of the Notes are outstanding,
issues shares of its Common Stock as a dividend or distribution on shares of Common Stock, or if
the Company effects a share split or share combination with respect to its Common Stock, then the
Conversion Rate will be adjusted based on the following formula:

45

 

  where

	 	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to the Ex-Dividend Date of
such dividend or distribution, or the effective date of such share split or share
combination, as applicable;
	 
	 	 
	CR’ =

	 	the Conversion Rate in effect immediately after the opening of business on
such Ex-Dividend Date or effective date;
	 
	 	 
	OS0 =

	 	the number of shares of Common Stock outstanding immediately prior to such
Ex-Dividend Date or effective date; and
	 
	 	 
	OS’ =

	 	the number of shares of Common Stock outstanding immediately after the
opening of business on such Ex-Dividend Date or effective date after giving effect to
such dividend, distribution, share split or share combination.

Such adjustment shall become effective immediately after the opening of business on the day
following the record date for such dividend or distribution, or the date fixed for determination
for such share split or share combination.

     (b) If the Company, at any time or from time to time while any of the Notes are outstanding,
issues to all or substantially all holders of its outstanding shares of Common Stock any rights or
warrants entitling them for a period of not more than 60 calendar days to subscribe for or purchase
shares of Common Stock (or securities convertible into or exchangeable or exercisable for Common
Stock) at a price per share (or having a conversion, exchange or exercise price per share) less
than the average of the Last Reported Sale Prices of Common Stock for the 10 consecutive Trading
Day period ending on the Trading Day immediately preceding the date of announcement of such
issuance, the Conversion Rate shall be adjusted based on the following formula:

  where

	 	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to the Ex-Dividend Date for
such issuance;
	 
	 	 
	CR’ =

	 	the Conversion Rate in effect immediately after the opening of business on
such Ex-Dividend Date for such issuance;
	 
	 	 
	OS0 =

	 	the number of shares of Common Stock outstanding immediately prior to the
Ex-Dividend Date for such issuance;

46

 

	 	 	 
	X =

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

	 	the number of shares of Common Stock equal to the aggregate price payable to
exercise such rights or warrants divided by the average of the Last Reported Sale
Prices of Common Stock for the 10 consecutive Trading Day period ending on the Trading
Day immediately preceding the date of announcement of the issuance of such rights or
warrants.

     To the extent that shares of Common Stock (or securities convertible into or exchangeable or
exercisable for shares of Common Stock) are not delivered pursuant to such rights or warrants, upon
the expiration or termination of such rights or warrants, the Conversion Rate shall be readjusted
to the Conversion Rate which would then be in effect had the adjustments made upon the issuance of
such rights or warrants been made on the basis of the delivery of only the number of shares of
Common Stock (or securities convertible into or exchangeable or exercisable for shares of Common
Stock) actually delivered. In determining whether any rights or warrants entitle the holders to
subscribe for or purchase shares of Common Stock at less than the average of the Last Reported Sale
Prices of Common Stock for the 10 consecutive Trading Day period ending on the Trading Day
immediately preceding the date of announcement of such issuance, and in determining the aggregate
offering price of such shares of Common Stock, there shall be taken into account any consideration
received for such rights or warrants and the value of such consideration, if other than cash, to be
determined in good faith by the Board of Directors of the Company.

For the purposes of this Section 6.04(b), rights or warrants distributed by the Company to all
holders of its Common Stock entitling them to subscribe for or purchase shares of the Company’s
capital stock (either initially or under certain circumstances), which rights or warrants, until
the occurrence of a specified event or events (a “Trigger Event”): (1) are deemed to be transferred
with such shares of Common Stock; (2) are not exercisable; and (3) are also issued in respect of
future issuances of Common Stock, shall be deemed not to have been distributed for purposes of this
Section 6.04(b) (and no adjustment to the Conversion Rate under this Section 6.04(b) 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 6.04(b). If any such right or warrant, including
any such existing rights or warrants distributed prior to the date of this First Supplemental
Indenture, are subject to events, upon the occurrence of which such rights or warrants become
exercisable to purchase different securities, evidences of Indebtedness or other assets, then the
date of the occurrence of any and each such event shall be deemed to be the date of distribution
and record date with respect to new rights or warrants with such rights (and a termination or
expiration of the existing rights or warrants without exercise by any of the holders thereof). In
addition, in the event of any distribution (or deemed distribution) of rights or warrants, or any
Trigger Event or other event (of the type described in the preceding sentence) with respect thereto
that was counted for purposes of calculating a distribution amount
for which an adjustment to the Conversion Rate under this Section 6.04(b) was made, (1) in the

47

 

case
of any such rights or warrants which shall all have been redeemed or repurchased without exercise
by any Holders thereof, the Conversion Rate shall be readjusted upon such final 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 of Common
Stock with respect to such rights or warrants (assuming such holder had retained such rights or
warrants), made to all applicable holders of Common Stock as of the date of such redemption or
repurchase, and (2) in the case of such rights or warrants which shall have expired or been
terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if
such rights and warrants had not been issued.

     (c) If the Company, at any time or from time to time while the Notes are outstanding,
distributes shares of any class of Capital Stock of the Company, evidences of its Indebtedness or
other assets or property of the Company to all or substantially all holders of its Common Stock,
excluding:

     (i) dividends or distributions referred to in Section 6.04(a);

     (ii)
rights or warrants referred to in Section 6.04(b);

     (iii) dividends or distributions referred to in Section 6.04(d); and

     (iv) spin-offs to which the provisions of this Section 6.04(c) apply,

     then the conversion rate will be adjusted based on the following formula:

  where

	 	 	 
	CR0 =

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

	 	the Conversion Rate in effect immediately after the opening of business on
Ex-Dividend Date for such distribution;
	 
	 	 
	SP0 =

	 	the average of the Last Reported Sale Prices of the Common Stock 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) of the shares of Capital Stock, evidences of Indebtedness, assets or property
distributed with respect to each outstanding share of the Common Stock on the
Ex-Dividend Date for such distribution.

48

 

     Such adjustment shall become effective immediately prior to the opening of business on the day
following the record date for such distribution. If the Board of Directors of the Company
determines the Fair Market Value of any distribution for purposes of this Section 6.04(c) by
reference to the actual or when issued trading market for any securities, it must in doing so
consider the prices in such market over the same period used in computing the average of the Last
Reported Sale Prices of the Common Stock.

     With respect to an adjustment pursuant to this Section 6.04(c) where there has been a payment
of a dividend or other distribution on the Common Stock or shares of Capital Stock of any class or
series, or similar equity interest, of or relating to a Subsidiary or other business unit (a
“Spin-Off”), the Conversion Rate in effect immediately before 5:00 p.m., New York City time, on the
effective date of such Spin-Off shall be increased based on the following formula:

   where

	 	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to the end of the Valuation
Period (as defined below);
	 
	 	 
	CR’ =

	 	the Conversion Rate in effect immediately after the end of the Valuation
Period;
	 
	 	 
	FMV0 =

	 	the average of the Last Reported Sale Prices of the Capital Stock or
similar equity interest distributed to holders of Common Stock applicable to one share
of Common Stock over the first 10 consecutive Trading Day period after, and including,
the effective date of the Spin-Off (the “Valuation Period”); and
	 
	 	 
	MP0 =

	 	the average of the Last Reported Sale Prices of Common Stock over the
Valuation Period.

     The adjustment to the Conversion Rate under the preceding paragraph will occur on the last day
of the Valuation Period; provided, that in respect of any conversion during the Valuation Period,
references within this Section 6.04(c) to 10 Trading Days shall be deemed replaced with such lesser
number of Trading Days as have elapsed between the effective date of such spin-off and the
Conversion Date in determining the applicable adjustment to the Conversion Rate.

     For the purposes of this Section 6.04(c), any shares of any class of Capital Stock of the
Company, evidences of its Indebtedness or other assets or property of the Company (the “Company
Interests”), which, until the occurrence of a Trigger Event: (1) are deemed to be transferred with
such shares of Common Stock; (2) are not exercisable; and (3) are also issued in respect of future
issuances of Common Stock, shall be deemed not to have been distributed for

49

 

purposes of this
Section 6.04(c) (and no adjustment to the Conversion Rate under this Section 6.04(c) will be
required) until the occurrence of the earliest Trigger Event, whereupon such
Company Interests 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 6.04(c). If any such
Company Interests, including any distributed prior to the date of this First Supplemental
Indenture, are subject to events, upon the occurrence of which such Company Interests become
exercisable to purchase different securities, evidences of Indebtedness or other assets or
property, then the date of the occurrence of any and each such event shall be deemed to be the date
of distribution and record date with respect to new Company Interests (and a termination or
expiration of the existing Company Interests without exercise by any of the holders thereof). In
addition, in the event of any distribution (or deemed distribution) of Company Interests, 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 6.04(c) was made, (1) in the case of any such Company Interests
which shall all have been redeemed or repurchased without exercise by any Holders thereof, the
Conversion Rate shall be readjusted upon such final 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 of Common Stock with respect to such Company
Interests (assuming such holder had retained such Company Interests), made to all applicable
holders of Common Stock as of the date of such redemption or repurchase, and (2) in the case of
such Company Interests which shall have expired or been terminated without exercise by any holders
thereof, the Conversion Rate shall be readjusted as if such Company Interests had not been issued.

     (d) If any cash dividend or other distribution is made to all or substantially all holders of
Common Stock, the Conversion Rate shall be adjusted based on the following formula:

  where

	 	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to the Ex-Dividend Date For such dividend or distribution;
	 
	 	 
	CR’ =

	 	the Conversion Rate in effect immediately after the opening of business on
the Ex-Dividend Date for such dividend or distribution;
	 
	 	 
	SP0 =

	 	the Last Reported Sale Price of a share of Common Stock on the Trading Day
immediately preceding the Ex-Dividend Date for such dividend or distribution; and
	 
	 	 
	C     =
	 	the amount in cash per share the Company distributes to holders of Common
Stock.

50

 

     (e) If the Company or any of its Subsidiaries makes a payment in respect of a tender offer or
exchange offer for Common Stock, to the extent that the cash and value of any other consideration
included in the payment per share of Common Stock exceeds the Last Reported
Sale Price per share of Common Stock on the Trading Day next succeeding the last date on which
tenders or exchanges may be made pursuant to such tender or exchange offer, the Conversion Rate
shall be increased based on the following formula:

  where

	 	 	 
	CR0 =

	 	the Conversion Rate in effect immediately prior to the effective date of
the adjustment;
	 
	 	 
	CR’ =

	 	the Conversion Rate in effect immediately after the effective date of the
adjustment;
	 
	 	 
	AC =

	 	the aggregate value of all cash and any other consideration (as determined
by the Company’s Board of Directors) paid or payable for shares purchased in such
tender or exchange offer;
	 
	 	 
	OS0 =

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

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

	 	the average of the Last Reported Sale Prices of Common Stock over the 10
consecutive Trading Day period commencing on the Trading Day next succeeding the date
such tender or exchange offer expires.

The adjustment to the Conversion Rate under this Section 6.04(e) shall occur at the close of
business on the tenth Trading Day from, and including the Trading Day next succeeding the date such
tender or exchange offer expires; provided, that in respect of any conversion within 10 Trading
Days immediately following, and including, the expiration date of any tender or exchange offer,
references within this Section 6.04(e) to 10 Trading Days shall be deemed replaced with such lesser
number of Trading Days as have elapsed between the expiration date of such tender or exchange offer
and the Conversion Date in determining the applicable adjustment to the Conversion Rate.

     (f) For purposes of this Section 6.04, “record date” shall mean, with respect to any dividend,
distribution or other transaction or event in which the holders of Common Stock have the right to
receive any cash, securities or other property or in which the Common Stock (or

51

 

other applicable
security) is exchanged for or converted into any combination of cash, securities or other property,
the date fixed for determination of stockholders entitled to receive such cash, securities or other
property (whether such date is fixed by the Company’s Board of Directors or by statute, contract or
otherwise).

     (g) If application of the formulas provided in Sections 6.04(a), 6.04(b), 6.04(c), 6.04(d) or
6.04(e) would result in a decrease in the Conversion Rate, no adjustment to the Conversion Rate
shall be made except in the case of a share split or share combination with respect to the
Company’s Common Stock.

     (h) To the extent permitted by applicable law and subject to subsection (i) below, 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 20 Business Days, the increase is irrevocable during the period and the Board of
Directors 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 this Section 6.04(h), the Company shall mail to Holders of record of the Notes a notice
of the increase at least 15 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.

     (i) The Company may make such increases in the Conversion Rate, in addition to any adjustments
required by Section 6.04(a), 6.04(b), 6.04(c), 6.04(d) or 6.04(e), as the Board of Directors
considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights
to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire
stock) or from any event treated as such for income tax purposes.

     (j) All calculations under this Article 6 shall be made by the Company and shall be made to
the nearest cent or to the nearest one-ten-thousandth of a share, as the case may be. No
adjustment shall be made for the Company’s issuance of Common Stock or convertible or exchangeable
securities or rights to purchase Common Stock or convertible or exchangeable securities, other than
as provided in this Section 6.04.

     (k) Whenever the Conversion Rate is adjusted as herein provided, the Company shall promptly
file with the Trustee and any Conversion Agent 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 Responsible 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 without inquiry that the last Conversion Rate of which it has
knowledge is still in effect. Promptly after delivery of such certificate to the Trustee, the
Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted
Conversion Rate and the date on which each adjustment becomes effective and shall cause such notice
of such adjustment of the Conversion Rate to be mailed to each Noteholder at such Holder’s last
address appearing on the list of Noteholders provided for in

52

 

Section 3.06, within 20 days after
execution thereof. Failure to deliver such notice shall not affect the legality or validity of any
such adjustment.

     (l) In any case in which this Section 6.04 provides that an adjustment shall become effective
immediately after a record date for an event, the Company may defer until the occurrence of such
event (i) issuing to the Holder of any Notes converted after such record date and before the
occurrence of such event the additional shares of Common Stock issuable upon such conversion by
reason of the adjustment required by such event over and above the Common
Stock issuable upon such conversion before giving effect to such adjustment and (ii) paying to
such Holder any amount in cash in lieu of any fraction pursuant to Section 6.03.

     (m) For purposes of this Section 6.04, the number of shares of Common Stock at any time
outstanding shall not include shares held in the treasury of the Company so long as the Company
does not pay any dividend or make any distribution on shares of Common Stock held in the treasury
of the Company, but shall include shares issuable in respect of scrip certificates issued in lieu
of fractions of shares of Common Stock.

     (n) No adjustment to the Conversion Rate shall be made pursuant to this Section 6.04 if the
Holders of the Notes may participate in the transaction that would otherwise give rise to an
adjustment pursuant to this Section 6.04. In addition, notwithstanding any other provision of this
Section 6.04, the Conversion Rate shall not be adjusted: (i) upon the issuance of any shares of
Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or
interest payable on the securities of the Company and the investment of additional optional amounts
in shares of Common Stock under any plan; (ii) upon the issuance of any shares of Common Stock or
restricted stock units or options or rights to purchase those shares pursuant to any present or
future employee, director or consultant benefit plan or program of or assumed by the Company or any
Subsidiary; (iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant,
right or exercisable, exchangeable or convertible security not described in clause (ii) and
outstanding as of the date the Notes were first issued; (iv) for a change in the par value of the
Common Stock; or (v) for accrued and unpaid interest (including Additional Interest, if any).

     (o) In no event will the total number of shares of Common Stock issuable upon conversion
exceed 79.8722 shares of Common Stock per $1,000 Principal Amount of Notes, whether as a result of
an increase in the Conversion Rate in connection with a Fundamental Change or otherwise, subject in
each case to adjustments in the same manner as the Conversion Rate as set forth in this Section
6.04.

     Section 6.05. Effect of Reclassification, Consolidation, Merger or Sale. If any of the
following events occur:

     (i) any reclassification or change of shares of Common Stock issuable upon conversion
of the Notes (other than a change in par value, or from par value to no par value, or from
no par

53

 

value to par value, or as a result of a subdivision or combination, or any other
change for which an adjustment is provided in Section 6.04(c));

     (ii) any consolidation, merger or combination to which the Company is a party other
than a merger in which the Company is the continuing corporation and which does not result
in any reclassification of, or change (other than in par value, or from par value to no par
value, or from no par value to par value, or as a result of a subdivision or combination) in
outstanding shares of Common Stock; or

     (iii) any sale, lease or other transfer of all or substantially all of the properties
and assets of the Company and its Subsidiaries to any other Person as a result of which
holders of Common Stock shall be entitled to receive stock, securities or other
property or assets (including cash or any combination of the foregoing) with respect to or
in exchange for such Common Stock,

then the Company or the successor or purchasing person, as the case may be, shall execute with the
Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at
the date of execution of such supplemental indenture) providing that the Notes shall be convertible
into the kind and amount of shares of stock, securities or other property or assets (including
cash) receivable upon such reclassification, change, consolidation, merger, combination, sale or
conveyance by a holder of a number of shares of Common Stock issuable upon conversion of such Notes
(assuming, for such purposes, a sufficient number of authorized shares of Common Stock available to
convert all such Notes) immediately prior to such reclassification, change, consolidation, merger,
combination, sale or conveyance (the “Reference Property”). However, any amount otherwise payable
in cash upon settlement of conversion of Notes immediately prior to the effective time of such
transaction shall continue to be payable in cash, and each Noteholder shall be entitled thereafter
to convert its Notes into cash (up to the aggregate Principal Amount thereof) and Reference
Property in the same proportions provided under Section 6.03(a) with respect to settlement of
conversions in cash and shares of Common Stock. If the transaction causes Common Stock to be
converted into the right to receive more than a single type of consideration (determined based in
part upon any from of stockholder election), the Reference Property into which the Notes will be
convertible shall be deemed to be the weighted average of the types and amounts of consideration
received by the holders of Common Stock that affirmatively make such election. Such supplemental
indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable
to the adjustments provided for in this Article 6. If, in the case of any such reclassification,
change, consolidation, merger, combination, sale or conveyance, the stock, the Reference Property
receivable thereupon by a holder of Common Stock includes shares of stock, securities or other
property or assets (including cash) of a corporation other than the successor or purchasing
corporation, as the case may be, in such reclassification, change, consolidation, merger,
combination, sale or conveyance, then such supplemental indenture shall also be executed by such
other corporation and shall contain such additional provisions to protect the interests of the
Holders of the Notes as the Board of Directors shall reasonably consider necessary by reason of the
foregoing.

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     The Company shall cause notice of the execution of such supplemental indenture to be mailed to
each Holder, at the address of such Holder as it appears on the register of the Notes maintained by
the Registrar, within 20 days after execution thereof. Failure to deliver such notice shall not
affect the legality or validity of such supplemental indenture. The above provisions of this
Section shall similarly apply to successive reclassifications, changes, consolidations, mergers,
combinations, sales and conveyances. If this Section 6.05 applies to any event or occurrence,
Section 6.04 shall not apply.

     Section 6.06. Adjustments of Average Prices. Whenever a provision of the Indenture requires
the calculation of an average of Last Reported Sale Prices or Daily VWAP over a span of multiple
days, 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
becomes effective, or any event requiring an adjustment to the Conversion
Rate where the Ex-Dividend Date of the event occurs, at any time during the period from which
the average is to be calculated.

     Section 6.07. Adjustments Upon Certain Fundamental Changes.

     (a) If a Holder elects to convert Notes in connection with a Fundamental Change, the
Conversion Rate for such Notes shall be increased by an additional number of shares of Common Stock
(the “Additional Shares”) as described below. Any conversion occurring at a time when the Notes
would be convertible in light of the expected or actual occurrence of a Fundamental Change shall be
deemed to have occurred in connection with such Fundamental Change notwithstanding the fact that a
Note may then also be convertible because another condition to conversion under Section 6.01 has
been satisfied.

     (b) The number of Additional Shares shall be determined by reference to the table attached as
Schedule A hereto, based on the date on which the Fundamental Change occurs or becomes
effective (the “Effective Date”) and the price (the “Stock Price”) paid per share of Common Stock
in the Fundamental Change. If the Fundamental Change is a transaction described in clause (1) or
(2) of the definition thereof, and holders of Common Stock receive only cash in such Fundamental
Change, the Stock Price shall be the cash amount paid per share. In all other cases, the Stock
Price shall be the average of the Last Reported Sale Prices of Common Stock over the five Trading
Day period ending on the Trading Day preceding the Effective Date of the Fundamental Change.

     (c) The Stock Prices set forth in the first row of the table in Schedule A hereto
shall be adjusted as of any date on which the Conversion Rate of the Notes is otherwise adjusted.
The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such
adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate immediately
prior to such adjustment and the denominator of which is the Conversion Rate as so adjusted. The
number of Additional Shares set forth in such table shall be adjusted in the same manner as the
Conversion Rate as set forth in Section 6.04.

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     (d) In the event that the exact Stock Prices and Effective Dates relating to a Fundamental
Change are not set forth in the table in Schedule A, then:

     (i) If the Stock Price is between two Stock Price amounts in the table or the Effective
Date is between two Effective Dates in the table, the number of Additional Shares shall be
determined by a straight-line interpolation between the number of Additional Shares set
forth for the higher and lower Stock Price amounts and the two dates, as applicable, based
on a 365-day year.

     (ii) If the Stock Price is greater than $50.00 per share (subject to adjustment in the
same manner as the Conversion Rate as set forth in Section 6.04), no Additional Shares will
be issued upon conversion.

     (iii) If the Stock Price is less than $12.52 per share (subject to adjustment in the
same manner as the Conversion Rate as set forth in Section 6.04), no Additional Shares will
be issued upon conversion.

     Section 6.08. Taxes on Shares Issued. Any issue of stock certificates on conversions of Notes
shall be made without charge to the converting Holder for any documentary, transfer, stamp or any
similar tax in respect of the issue thereof, and the Company shall pay any and all documentary,
stamp or similar issue or transfer taxes that may be payable in respect of the issue or delivery of
shares of Common Stock on conversion of Notes pursuant hereto. The Company shall not, however, be
required to pay any such tax which may be payable in respect of any transfer involved in the issue
and delivery of stock in any name other than that of the Holder of any Notes converted, and the
Company shall not be required to issue or deliver any such stock certificate unless and until the
person or persons requesting the issue thereof shall have paid to the Company the amount of such
tax or shall have established to the satisfaction of the Company that such tax has been paid.

     Section 6.09. Reservation of Shares; Shares to be Fully Paid; Compliance With Governmental
Requirements; Listing of Common Stock. The Company shall provide, free from preemptive rights, out
of its authorized but unissued shares or shares held in treasury, sufficient shares of Common Stock
to provide for the conversion of the Notes from time to time as such Notes are presented for
conversion (assuming that, at the time of the computation of such number of shares or securities,
all such Notes would be held by a single Holder).

     Before taking any action that 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, if any, of the
shares of Common Stock issuable upon conversion of the Notes, the Company will take all corporate
action which may, in the opinion of its counsel, be necessary in order that the Company may validly
and legally issue shares of such Common Stock at such adjusted Conversion Price.

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     The Company covenants that all shares of Common Stock that may be issued upon conversion of
Notes shall be newly issued shares or treasury shares, shall be duly authorized,
validly issued, fully paid and non-assessable and shall be free from preemptive rights and
free from any lien or adverse claim.

     The Company shall use its reasonable efforts to list or cause to have quoted any shares of
Common Stock to be issued upon conversion of Notes on each national securities exchange or
over-the-counter or other domestic market on which the Common Stock is then listed or quoted.

     Section 6.10. Responsibility of Trustee. The Trustee and any other Conversion Agent shall
not at any time be under any duty or responsibility to any Noteholder to determine the Conversion
Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with
respect to the nature or extent or calculation of any such adjustment when made, or with respect to
the method employed, or herein or in any supplemental indenture provided to be employed, in making
the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the
validity or value (or the kind or amount) of any shares of Common Stock, or of any securities or
property, which may at any time be issued or delivered upon the conversion of any Notes; and the
Trustee and any other Conversion Agent make no representations with respect thereto. Neither the
Trustee nor any Conversion Agent shall be responsible for any failure of the Company to issue,
transfer or deliver any shares of Common Stock or stock certificates or other securities or
property or cash upon the surrender of any Notes for the purpose of conversion or to comply with
any of the duties, responsibilities or covenants of the Company contained in this Article 6.
Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent
shall be under any responsibility to determine the correctness of any provisions contained in any
supplemental indenture entered into pursuant to Section 6.05 relating either to the kind or amount
of shares of stock or securities or property (including cash) receivable by Holders upon the
conversion of their Notes after any event referred to in such Section 6.05 or to any adjustment to
be made with respect thereto, but, subject to the provisions of Section 9.01 and Article 7 of the
Base Indenture, may accept as conclusive evidence of the correctness of any such provisions, and
shall be protected in relying upon, the Officers’ Certificate (which the Company shall be obligated
to file with the Trustee prior to the execution of any such supplemental indenture) with respect
thereto.

     Section 6.11. Notice to Holders Prior to Certain Actions. In case:

     (a) the Company shall declare a dividend (or any other distribution) on its Common Stock that
would require an adjustment in the Conversion Rate pursuant to Section 6.04; or

     (b) the Company shall authorize the granting to the holders of all or substantially all of its
Common Stock of rights or warrants to subscribe for or purchase any share of any class or any other
rights or warrants; or

     (c) of any reclassification or reorganization of the Common Stock of the Company (other than a
subdivision or combination of its outstanding Common Stock, or a change in par

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value, or from par
value to no par value, or from no par value to par value), or of any consolidation or merger to
which the Company is a party and for which approval of any stockholders of the Company is required,
or of the sale, lease or transfer of all or substantially all of the assets of the Company or any
of its Significant Subsidiaries; or

     (d) of the voluntary or involuntary dissolution, liquidation or winding up of the Company or
any of its Significant Subsidiaries;

then, in each case, the Company shall cause to be filed with the Trustee and the Conversion Agent
and to be mailed to each Noteholder at such Holder’s address appearing on the list of Noteholders
provided for in Section 3.06 of this First Supplemental Indenture, as promptly as practicable but
in any event at least 15 days prior to the applicable date hereinafter specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such dividend, distribution or
rights or warrants, or, if a record is not to be taken, the date as of which the holders of Common
Stock of record to be entitled to such dividend, distribution or rights are to be determined, or
(y) the date on which such reclassification, consolidation, merger, sale, lease, transfer,
dissolution, liquidation or winding up is expected to become effective or occur, and the date as of
which it is expected that holders of Common Stock of record shall be entitled to exchange their
Common Stock for securities or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer, dissolution, liquidation or winding up. Failure to give such
notice, or any defect therein, shall not affect the legality or validity of such dividend,
distribution, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or
winding up.

     Section 6.12. Stockholder Rights Plan. Each share of Common Stock issued upon conversion of
Notes pursuant to this Article 6 shall be entitled to receive the appropriate number of rights, if
any, and the certificates representing the Common Stock issued upon such conversion shall bear such
legends, if any, in each case as may be provided by the terms of any stockholder rights plan of the
Company that may be in effect at such time. If at the time of conversion, however, the rights
pursuant to an effective stockholder rights plan have separated from the shares of Common Stock in
accordance with the provisions of the applicable stockholder rights agreement so that the Holders
of the Notes would not be entitled to receive any rights in respect of Common Stock issuable upon
conversion of the Notes, the Conversion Rate will be adjusted at the time of separation as if the
Company has distributed to all holders of Common Stock, rights or warrants as provided in Section
6.04(b) or, as appropriate and without duplication of Section 6.04(b), Company Interests as
provided in Section 6.04(c), each subject to readjustment in the event of the expiration,
termination or redemption of such rights or warrants.

     Section 6.13. Company Determination Final. Any determination that the Company or its Board
of Directors must make pursuant to this Article 6 shall be conclusive if made in good faith and in
accordance with the provisions of this Article 6, absent manifest error, and set forth in a Board
Resolution.

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ARTICLE 7

Events of Default; Remedies

     Section 7.01. Events of Default. “Event of Default,” wherever used herein, means any one of
the following events (whatever the reason for such Event of Default and whether it shall be
voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body):

     (a) default in the payment of interest, including Additional Interest, if any, on any Notes
when due and payable and such default continues for a period of 30 days;

     (b) default in the payment of the Principal Amount or Fundamental Change Repurchase Price of
any Note when due and payable at its Stated Maturity, at its Fundamental Change Repurchase Date,
upon acceleration, or otherwise;

     (c) default in the Company’s obligation to convert the Notes into cash and shares of Common
Stock, if any, upon exercise of a Holder’s conversion rights in accordance with Article 6 hereof,
if such failure continues for a period of five trading days or more;

     (d) failure by the Company to provide the Fundamental Change Company Notice or notice to
Holders required pursuant to Section 6.01(a)(iii) or Section 6.01(a)(iv), in each case when due;

     (e) failure by the Company to comply with its obligations under Section 8.01 hereof;

     (f) default in the observance or performance of any covenant of the Company in the Notes or
the Indenture, and such default continues for a period of 60 days after there has been given, by
registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by
the Holders of at least 25% in aggregate Principal Amount of the Outstanding Notes a written notice
specifying such default and stating that such notice is a “Notice of Default” hereunder;

     (g) default by the Company or any Subsidiary with respect to 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 $15,000,000 in the aggregate of the Company and/or any
Subsidiary of the Company, whether such Indebtedness exists as of the date of this First
Supplemental Indenture or is hereafter created (i) resulting in such Indebtedness becoming or being
declared due and payable prior to the scheduled maturity thereof or (ii) constituting a failure to
pay the principal or interest of any such Indebtedness when due and payable at its stated maturity,
upon required repurchase, upon declaration or otherwise;

     (h) the entry by a court having jurisdiction in the premises of (i) a decree or order for
relief in respect of the Company of a voluntary case or proceeding under any applicable federal or
state bankruptcy, insolvency, reorganization or other similar law, (ii) a decree or order

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adjudging
the Company or a Significant Subsidiary of the Company as bankrupt or insolvent, or approving as
properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in
respect of the Company under any applicable federal or state law or (iii) appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or
of a Significant Subsidiary of the Company of any substantial part of its property, or ordering the
winding up or liquidation of its affairs, and the continuance of any such decree or order for
relief or any such other decree or order unstayed and in effect for a period of 60 consecutive
days;

     (i) the commencement by the Company or by a Significant Subsidiary of the Company of a
voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt
or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the
Company or of a Significant Subsidiary of the Company in an involuntary case or proceeding under
any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or to
the commencement of any bankruptcy or insolvency case or proceeding against it, or the
filing by it of a petition or answer or consent seeking reorganization or relief under any
applicable federal or state law, or the consent by it to the filing of such petition or to the
appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of a Significant Subsidiary of the Company
or of any substantial part of its property, or the making by it of an assignment for the benefit of
creditors, or the admission by it in writing of its inability to pay its debts generally as they
become due, or the taking of corporate action by the Company or by a Significant Subsidiary of the
Company in furtherance of any such action; or

     (j) the rendering against the Company or any of its Subsidiaries of a final judgment for the
payment of $15,000,000 or more, excluding any amounts covered by insurance, which judgment is not
discharged or stayed within 60 days after (i) the date on which the right to appeal such judgment
has expired if no such appeal has commenced or (ii) the date of which all rights to appeal such
judgment have been extinguished.

     Section 7.02. Acceleration of Maturity; Rescission and Annulment.

     (a) If an Event of Default (other than those specified in Section 7.01(h) and 7.01(i)) occurs
and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in
aggregate Principal Amount of the Outstanding Notes may declare the Principal Amount plus accrued
and unpaid interest, including Additional Interest, on all the Outstanding Notes to be due and
payable immediately, by a notice in writing to the Company (and to the Trustee if given by
Holders), and upon any such declaration such Principal Amount plus accrued and unpaid interest,
including Additional Interest, shall become immediately due and payable.

     Notwithstanding the foregoing, in the case of an Event of Default specified in Section 7.01(h)
or Section 7.01(i)), the Principal Amount plus accrued and unpaid interest, including

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Additional
Interest, on all Outstanding Notes will ipso facto become due and payable without any declaration
or other act on the part of the Trustee or any Holder.

     (b) The Holders of not less than a majority in Principal Amount of the Outstanding Notes may
on behalf of the Holders of all the Notes waive any past Default hereunder and rescind any
acceleration with respect to the Notes and its consequences, if (1) such recission would not
conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing
Events of Default, other than Events of Default pursuant to Section 7.01(a) or Section 7.01(b),
have been cured or waived; provided, however, that notwithstanding the foregoing, such Holders may
not waive or rescind a Default:

     (i) described in Section 7.01(a) or Section 7.01(b); or

     (ii) in respect of a covenant or provision hereof which under Article 11 cannot be
modified or amended without the consent of the Holder of each Outstanding Note affected.

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

     Section 7.03. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company
covenants that if a Default is made in the payment of the Principal Amount plus accrued and unpaid
interest, including Additional Interest, at the Maturity thereof or in the payment of the
Fundamental Change Repurchase Price in respect of any Note, the Company will, upon demand of the
Trustee, pay to it, for the benefit of the Holders of such Notes, the whole amount then due and
payable on such Notes, and, in addition thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel.

     If an Event of Default occurs and is continuing, the Trustee may, but shall not be obligated
to, pursue any available remedy to collect the payment of the Principal Amount plus accrued but
unpaid interest, including Additional Interest, on the Notes or to enforce the performance of any
provision of the Notes or the Indenture. The Trustee may maintain a proceeding even if the Trustee
does not possess any of the Notes or does not produce any of the Notes in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event
of Default shall not impair the right or remedy or constitute a waiver of, or acquiescence in, the
Event of Default. No remedy is exclusive of any other remedy. All available remedies are
cumulative.

     Section 7.04. Trustee May File Proofs of Claim. In case of any judicial proceeding relative
to the Company (or any other obligor upon the Notes), its property or its creditors, the Trustee
shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and
all actions authorized under the Trust Indenture Act in order to have claims of the

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Holders and the
Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect
and receive any moneys or other property payable or deliverable on any such claims and to
distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by each Holder to make
such payments to the Trustee and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any
other amounts due the Trustee under Section 7.07 of the Base Indenture.

     No provision of the Indenture shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment
or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee
to vote in respect of the claim of any Holder in any such proceeding.

     Section 7.05. Application of Money Collected. Any money collected by the Trustee pursuant to
this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money to Holders, upon presentation of the Notes and the
notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

     FIRST: To the payment of all amounts due the Trustee under Section 7.07 of the Base
Indenture;

     SECOND: To the payment of the amounts then due and unpaid on the Notes for the
Principal Amount, Fundamental Change Repurchase Price or interest, including Additional
Interest, as the case may be, in respect of which or for the benefit of which
such money has been collected, ratably, without preference or priority of any kind,
according to the amounts due and payable on such Notes; and

     THIRD: To the payment of the remainder, if any, to the Company or any other Person
lawfully entitled thereto.

     Section 7.06. Limitation on Suits. No Holder of any Note shall have any right to institute
any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder (other than in the case of an Event of
Default specified in Section 7.01(a) or Section 7.01(b), unless:

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

     (ii) the Holders of not less than 25% in aggregate Principal Amount of the Outstanding
Notes shall have made written request to the Trustee to institute proceedings in respect of
such Event of Default in its own name as Trustee hereunder;

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     (iii) such Holder or Holders have offered to the Trustee security or indemnity
reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in
compliance with such request;

     (iv) the Trustee for 60 days after its receipt of such notice, request and offer of
security or indemnity has failed to institute any such proceeding; and

     (v) no direction, in the opinion of the Trustee, inconsistent with such written request
has been given to the Trustee during such 60-day period by the Holders of a majority in
aggregate Principal Amount of the Outstanding Notes;

it being understood and intended that no one or more Holders shall have any right in any manner
whatever by virtue of, or by availing itself of, any provision of the Indenture to affect, disturb
or prejudice the rights of any other Holders, or to obtain or to seek to obtain priority or
preference over any other Holders or to enforce any right under the Indenture, except in the manner
herein provided and for the equal and ratable benefit of all the Holders.

     Section 7.07. Unconditional Right of Holders to Receive Payment. Notwithstanding any other
provision of the Indenture, the right of any Holder to receive payment of the Principal Amount,
Fundamental Change Repurchase Price or interest in respect of the Notes held by such Holder, on or
after the respective due dates expressed in the Notes or any Fundamental Change Repurchase Date, as
applicable, and to convert the Notes in accordance with Article 6, or to bring suit for the
enforcement of any such payment on or after such respective dates or the right to convert, shall
not be impaired or affected adversely without the consent of such Holder.

     Section 7.08. Restoration of Rights and Remedies. If the Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under the Indenture and such proceeding
has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee
or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Company, the Trustee and the Holders shall be restored severally and respectively to their
former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted.

     Section 7.09. Rights and Remedies Cumulative. Except as otherwise provided with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 3.07, no right
or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

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     Section 7.10. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any
Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall impair
any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders
may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by
the Holders, as the case may be.

     Section 7.11. Control by Holders. The Holders of a majority in Principal Amount of the
Outstanding Notes shall have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee or exercising any trust or power conferred on
the Trustee, provided that:

     (i) such direction shall not be in conflict with any rule of law or with the Indenture;
and

     (ii) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction.

     Section 7.12. Undertaking for Costs. In any suit for the enforcement of any right or remedy
under the Indenture or in any suit against the Trustee for any action taken or omitted by it as
Trustee, in either case in respect of the Notes, a court may require any party litigant in such
suit to file an undertaking to pay the costs of the suit, and the court may assess reasonable
costs, including reasonable attorney’s 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; but the provisions of this Section 7.12 shall not apply to any suit instituted by the
Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 10% in Principal Amount of the Outstanding Notes, or to
any suit instituted by any Holder for the enforcement of the payment of the Principal Amount on any
Note on or after Maturity of such Note or the Fundamental Change Repurchase Price.

     Section 7.13. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it
may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, or extension law wherever enacted, now or at
any time hereafter in force, which may affect the covenants or the performance of the Indenture;
and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law and 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 7.14. Notice of Default to Holders. If an Event of Default occurs and is continuing
and is known to the Trustee, the Trustee must mail to each Holder notice of the Event of Default
within 90 days after it occurs. The Trustee may withhold notice to the Holders of the Notes of any
Event of Default, except defaults in payment of Principal Amount or interest, including Additional
Interest, if any, on the Notes, if and so long as a committee of the trust

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officers of the Trustee
in good faith determines that the withholding of such notice is in the interest of the Holders of
the Notes.

     Section 7.15. Default Interest. Payments of the Fundamental Change Repurchase Price,
principal or interest, including Additional Interest, if any, that are not made when due will
accrue interest at the annual rate of 1% per annum above the then-applicable interest rate from the
required payment date.

     Section 7.16. Sole Remedy for Failure to Report. Notwithstanding any other provision of the
Indenture, the Company may elect by written notice to the Trustee that the sole remedy for an Event
of Default relating to the failure of the Company to comply with its agreements under Section 4.05
of this First Supplemental Indenture or the requirements of Section 314(a)(1) of the Trust
Indenture Act will for the 365 calendar days after the occurrence of such an Event of Default
consist exclusively of the right to receive additional interest (“Additional Interest”) on the
principal amount of the Notes at a rate equal to 0.25% per annum for the first 180 calendar days
after the occurrence of such an Event of Default and 0.50% per annum from the 181st calendar day
until the 365th day after the occurrence of such an Event of Default. Such Additional Interest
shall be payable in the same manner and on the same Interest Payment Dates and subject to the same
terms as other interest payable under this First Supplemental Indenture. Additional Interest shall
accrue on all outstanding Notes from and including the date on which such Event of Default relating
to a failure to comply with Section 4.05 first occurs to but not including the 365th calendar day
thereafter (or such earlier date on which the Event of Default relating to a failure to comply with
Section 4.05 shall have been cured or waived). On such 365th calendar day (or such earlier date on
which the Event of Default relating to a failure to comply with Section 4.05 shall have been cured
or waived), such Additional Interest shall cease to accrue and on such 365th calendar day the Notes
shall be subject to acceleration and other remedies as provided in this Section 7.16 if the Event
of Default is continuing. For the avoidance of doubt, the provisions of this Section 7.16 shall not
affect the rights of Holders of Notes in the event of the occurrence of any other Event of Default.
In the event the Company does not elect to pay Additional Interest upon an Event of Default
relating to failure to comply with Section 4.05, the Notes shall be subject to acceleration as
provided in Section 7.02. For the further avoidance of doubt, the Additional Interest will accrue
from the date on which the Event of Default relating to a failure to comply with Section 4.05
occurs. In order to elect to pay the Additional Interest as the sole remedy during the first 365
days after the occurrence of an Event of Default relating to a failure to comply with Section 4.05,
the Company must notify all Holders of Notes, the Trustee and the Paying Agent of such election
prior to the tenth Business Day following the date on which the Event of Default relating to a
failure to comply with Section 4.05 occurs.

65

 

ARTICLE 8

Consolidation, Merger, Sale, Conveyance and Lease 

     Section 8.01. Company May Consolidate, Etc. on Certain Terms. Article 5 of the Base
Indenture shall govern the terms upon which the Company may merge or consolidate or sell, assign,
transfer, lease, convey or otherwise dispose of its or its Subsidiaries assets.

ARTICLE 9

Supplemental Provisions Regarding the Trustee

     Section 9.01. Duties and Responsibilities in Respect of Events of Default. In addition to
the duties and responsibilities of the Trustee provided in the Base Indenture, in case an Event of
Default has occurred (which has not been cured or waived), the Trustee shall exercise such of the
rights and powers vested in it by the 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
own affairs.

ARTICLE 10

Satisfaction And Discharge

     Section 10.01. Discharge of Indenture. When (a) the Company shall deliver to the Trustee for
cancellation all Notes theretofore authenticated (other than any Notes that have been destroyed,
lost or stolen and in lieu of or in substitution for which other Notes shall have been
authenticated and delivered) and not theretofore canceled, or (b) all the Notes not theretofore
canceled or delivered to the Trustee for cancellation shall have become due and payable, or are by
their terms to become due and payable within one year or are to be called for redemption within one
year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the
Company shall deposit with the Trustee, in trust, funds sufficient to pay at maturity or upon
redemption of all of the Notes (other than any Notes that shall have been mutilated, destroyed,
lost or stolen and in lieu of or in substitution for which other Notes shall have been
authenticated and delivered) not theretofore canceled or delivered to the Trustee for cancellation,
including principal and interest, including Additional Interest, if any, due or to become due to
such date of maturity or redemption date, as the case may be, accompanied by a verification report,
as to the sufficiency of the deposited amount, from an independent certified accountant or other
financial professional satisfactory to the Trustee, and if the Company shall also pay or cause to
be paid all other sums payable hereunder by the Company, then this First Supplemental Indenture
shall cease to be of further effect (except as to (i) remaining rights of registration of transfer,
substitution and exchange and conversion of Notes, (ii) rights hereunder of Noteholders to receive
payments of principal of and interest, including Additional Interest, if any, on, the Notes and the
other rights, duties and obligations of Noteholders, as beneficiaries hereof with respect to the
amounts, if any, so deposited with the Trustee and (iii) the rights, obligations and immunities of
the Trustee hereunder), and the Trustee, on written demand of the

66

 

Company accompanied by an
Officers’ Certificate and an Opinion of Counsel as required by Section 11.04 of the Base Indenture
and at the cost and expense of the Company, shall execute proper instruments acknowledging
satisfaction of and discharging this First Supplemental Indenture; the Company, however, hereby
agrees to reimburse the Trustee for any costs or
expenses thereafter reasonably and properly incurred by the Trustee and to compensate the
Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection
with this First Supplemental Indenture or the Notes.

     Section 10.02. Deposited Monies to be Held in Trust by Trustee. Subject to Section 10.04,
all monies deposited with the Trustee pursuant to Section 10.01 shall be held in trust for the sole
benefit of the Noteholders, and such monies shall be applied by the Trustee to the payment, either
directly or through any paying agent (including the Company if acting as its own paying agent), to
the holders of the particular Notes for the payment or redemption of which such monies have been
deposited with the Trustee, of all sums due and to become due thereon for principal and interest,
including Additional Interest, if any.

     Section 10.03. Paying Agent to Repay Monies Held. Upon the satisfaction and discharge of
this First Supplemental Indenture, all monies then held by any paying agent of the Notes (other
than the Trustee) shall, upon written request of the Company, be repaid to it or paid to the
Trustee, and thereupon such paying agent shall be released from all further liability with respect
to such monies.

     Section 10.04. Return of Unclaimed Monies. Subject to the requirements of applicable law,
any monies deposited with or paid to the Trustee for payment of the principal of or interest,
including Additional Interest, if any, on Notes and not applied but remaining unclaimed by the
holders of Notes for two years after the date upon which the principal of or interest, including
Additional Interest, if any, on such Notes, as the case may be, shall have become due and payable,
shall be repaid to the Company by the Trustee on demand and all liability of the Trustee shall
thereupon cease with respect to such monies; and the holder of any of the Notes shall thereafter
look only to the Company for any payment that such holder may be entitled to collect unless an
applicable abandoned property law designates another Person.

     Section 10.05. Reinstatement. If the Trustee or the paying agent is unable to apply any
money in accordance with Section 10.02 by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, the
Company’s obligations under this First Supplemental Indenture and the Notes shall be revived and
reinstated as though no deposit had occurred pursuant to Section 10.01 until such time as the
Trustee or the paying agent is permitted to apply all such money in accordance with Section 10.02;
provided, however, that if the Company makes any payment of interest on or principal of any Note
following the reinstatement of its obligations, the Company shall be subrogated to the rights of
the holders of such Notes to receive such payment from the money held by the Trustee or paying
agent.

67

 

ARTICLE 11

Modification and Amendment

     Section 11.01. Supplemental Indentures With Consent of Holders. With the consent of the
Holders of not less than a majority in Principal Amount of the Outstanding Notes, by Act of said
Holders delivered to the Company and the Trustee, the Company, when authorized by a Board
Resolution, and the Trustee may enter into an indenture or indentures supplemental to the Base
Indenture or this First Supplemental Indenture for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of the Indenture or of modifying
in any manner the rights of the Holders under the Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each Outstanding Note affected
thereby,

     (i) reduce the Principal Amount of Notes whose Holders must consent to a supplemental
indenture or an amendment to the Indenture;

     (ii) reduce the rate or extend the time of payment of Interest, including Additional
Interest, if any, on any Note;

     (iii) reduce the Principal Amount of, or extend the Stated Maturity of, any Note;

     (iv) make any change that impairs or adversely affects the conversion rights or
Conversion Rate of any Notes;

     (v) reduce the Fundamental Change Repurchase 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,
whether through an amendment or waiver of provisions (including the definition) in this
First Supplemental Indenture or the Base Indenture or otherwise;

     (vi) make any Note payable in currency other than that stated in such Note;

     (vii) change the ranking of the Notes in any manner that adversely affects the rights
of Holders of Notes under the Indenture;

     (viii) impair the right of a Holder to receive payment of principal and interest,
including Additional Interest, if any, on such Holder’s Notes, or alter the due dates
therefore or to institute a suit for the enforcement of any payment on or with respect to
such Holder’s Notes;

     (ix) modify any of the provisions of this Section 11.01;

     It shall not be necessary for any Act of Holders under this Section 11.01 to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such Act
shall approve the substance thereof.

68

 

     Section 11.02. Supplemental Indentures Without Consent of Holders. Without the consent of
any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and
from time to time, may enter into one or more indentures supplemental to the Base Indenture or this
First Supplemental Indenture, in form satisfactory to the Trustee, for any of the following
purposes:

     (i) to cure any ambiguity or correct any omission, defect or inconsistency contained
herein, so long as such action will not adversely affect the interest of the Holders;
provided that any such amendment made solely to conform the provisions of the Indenture to
the description thereof contained in the Prospectus shall be deemed not to adversely affect
the interests of the Holders;

     (ii) to provide for the assumption by a successor corporation, partnership, trust or
limited liability company of the obligations of the Company contained in this First
Supplemental Indenture or in the Base Indenture;

     (iii) to add guarantees with respect to the Notes;

     (iv) to secure the Notes;

     (v) to add to the covenants of the Company for the benefit of the Holders, or to
surrender any right or power herein conferred upon the Company; or

     (vi) to add or modify any other provision herein with respect to matters or questions
arising hereunder which the Company and the Trustee may deem necessary or desirable and
which does not materially and adversely affect the rights of any Holder;

     (vii) to modify, eliminate or add to the provisions of the Indenture to such extent as
shall be necessary to effect the qualification of the Indenture under the Trust Indenture
Act, or under any similar federal statute hereafter enacted.

     Section 11.03. Execution of Supplemental Indentures. In executing, or accepting the
additional trusts created by, any supplemental indenture permitted by this Article 11 or the
modifications thereby of the trusts created by the Indenture, the Trustee shall be provided with,
and (subject to Section 9.01) shall be fully protected in relying upon, in addition to the
documents required by Section 11.04 of the Base Indenture, an Opinion of Counsel stating that the
execution of such supplemental indenture is authorized or permitted by the Indenture. Subject to
the preceding sentence, the Trustee shall sign such supplemental indenture if the same does not
adversely affect the Trustee’s own rights, duties or immunities under the Indenture or otherwise.
The Trustee may, but shall not be obligated to, enter into any such supplemental indenture that
adversely affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise.

     Section 11.04. Effect of Supplemental Indentures. Upon the execution of any supplemental
indenture under this Article 11, the Indenture shall be modified in accordance

69

 

therewith, and such
supplemental indenture shall form a part of the Indenture for all purposes; and every Noteholder
theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

     Section 11.05. Conformity With Trust Indenture Act. Every supplemental indenture executed
pursuant to this Article shall conform to the requirements of the Trust Indenture Act.

     Section 11.06. Reference in Notes to Supplemental Indentures. Notes authenticated and
delivered after the execution of any supplemental indenture pursuant to this Article 11 shall bear
a notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by
the Company and authenticated and delivered by the Trustee in exchange for Outstanding Notes.

     Section 11.07. Notice to Holders of Supplemental Indentures. The Company shall cause notice
of the execution of any supplemental indenture to be mailed to each Noteholder, at his address
appearing on the Note Register provided for in this First Supplemental Indenture, within 20 days
after execution thereof. Failure to deliver such notice shall not affect the legality or validity
of such supplemental indenture.

[Remainder of the page intentionally left blank]

70

 

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

	 	 	 	 	 
	 	TTM TECHNOLOGIES, INC.

 	 
	 	By:  	/s/ Steven W. Richards 	 
	 	 	Name:  	Steven W. Richards 	 
	 	 	Title:  	EVP, CFO & Secretary 	 
	 
	 	AMERICAN STOCK TRANSFER & TRUST COMPANY,

as Trustee

 	 
	 	By:  	/s/ Herbert J. Lemmer 	 
	 	 	Name:  	Herbert J. Lemmer 	 
	 	 	Title:  	Vice President 	 
	 

 

 

SCHEDULE A

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Effective	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date	 	$12.52	 	 	$13.00	 	 	$14.00	 	 	$15.00	 	 	$16.00	 	 	$17.00	 	 	$18.00	 	 	$19.00	 	 	$20.00	 	 	$25.00	 	 	$30.00	 	 	$35.00	 	 	$40.00	 	 	$45.00	 	 	$50.00	 
	5/14/2008
	 	 	17.2273	 	 	 	18.6614	 	 	 	16.5674	 	 	 	14.8247	 	 	 	13.3578	 	 	 	12.1106	 	 	 	11.0409	 	 	 	10.1158	 	 	 	9.3098	 	 	 	6.4885	 	 	 	4.8300	 	 	 	3.7580	 	 	 	3.0161	 	 	 	2.4756	 	 	 	2.0662	 
	5/15/2009
	 	 	17.2273	 	 	 	18.5514	 	 	 	16.3488	 	 	 	14.5273	 	 	 	13.0038	 	 	 	11.7171	 	 	 	10.6204	 	 	 	9.6780	 	 	 	8.8622	 	 	 	6.0535	 	 	 	4.4467	 	 	 	3.4305	 	 	 	2.7388	 	 	 	2.2410	 	 	 	1.8671	 
	5/15/2010
	 	 	17.2273	 	 	 	18.3936	 	 	 	16.0546	 	 	 	14.1343	 	 	 	12.5407	 	 	 	11.2054	 	 	 	10.0764	 	 	 	9.1141	 	 	 	8.2879	 	 	 	5.5043	 	 	 	3.9689	 	 	 	3.0267	 	 	 	2.3999	 	 	 	1.9564	 	 	 	1.6271	 
	5/15/2011
	 	 	17.2273	 	 	 	18.1098	 	 	 	15.6023	 	 	 	13.5623	 	 	 	11.8857	 	 	 	10.4949	 	 	 	9.3314	 	 	 	8.3503	 	 	 	7.5170	 	 	 	4.7919	 	 	 	3.3648	 	 	 	2.5260	 	 	 	1.9865	 	 	 	1.6135	 	 	 	1.3409	 
	5/15/2012
	 	 	17.2273	 	 	 	17.6530	 	 	 	14.9251	 	 	 	12.7311	 	 	 	10.9510	 	 	 	9.4948	 	 	 	8.2946	 	 	 	7.2981	 	 	 	6.4651	 	 	 	3.8595	 	 	 	2.6007	 	 	 	1.9103	 	 	 	1.4884	 	 	 	1.2066	 	 	 	1.0045	 
	5/15/2013
	 	 	17.2273	 	 	 	16.8694	 	 	 	13.8406	 	 	 	11.4434	 	 	 	9.5350	 	 	 	8.0072	 	 	 	6.7773	 	 	 	5.7819	 	 	 	4.9721	 	 	 	2.6264	 	 	 	1.6487	 	 	 	1.1762	 	 	 	0.9118	 	 	 	0.7433	 	 	 	0.6244	 
	5/15/2014
	 	 	17.2273	 	 	 	15.4621	 	 	 	11.9401	 	 	 	9.2260	 	 	 	7.1416	 	 	 	5.5458	 	 	 	4.3265	 	 	 	3.3968	 	 	 	2.6884	 	 	 	0.9970	 	 	 	0.5320	 	 	 	0.3740	 	 	 	0.2990	 	 	 	0.2512	 	 	 	0.2156	 
	5/15/2015
	 	 	17.2273	 	 	 	14.2660	 	 	 	8.7723	 	 	 	4.0112	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000

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