Document:

exv10w2

Exhibit 10.2

Fiscal Year 2010 BioMeasurement Division Management Bonus Plan

of Hutchinson Technology Incorporated

     We have a fiscal year 2010 management bonus plan that covers executive officers and certain
other management-level employees of our BioMeasurement Division. The plan is designed to create an
incentive for management of our BioMeasurement Division to achieve goals that our board of
directors believes align with the interests of our long-term shareholders. The plan design includes
an annual corporate financial goal as well as additional division strategic goals. Individual bonus
targets, expressed as a percentage of base salary, are approved for all executive officers by our
board of directors upon the recommendation of the board’s compensation committee.

     Forty percent of the bonus target is dependent on our achievement of an annual corporate
financial goal, which is set giving consideration to both near- and long-term financial
performance. For fiscal year 2010, sixty percent of the corporate financial goal is based on our
earnings before taxes (“EBT”), and the remaining forty percent of the corporate financial goal is
based on our cash and liquid investments balance. The award amounts to be paid based on our EBT and
our cash and liquid investments balance are determined based on whether our actual EBT and our
actual cash and liquid investments balance for the fiscal year are above (subject to a ceiling,
above which no further amounts are awarded) or below (subject to a floor, below which no amounts
are awarded) the pre-established goal for our EBT and our cash and liquid investments balance.

     The remainder of the bonus target is dependent on achievement of certain division strategic
goals in the areas of revenue, market penetration and product innovation. As with the corporate
financial goal, the award amount to be paid based on these strategic goals is subject to a ceiling
(above which no further amounts are awarded) and a floor (below which no amounts are awarded) in
relation to achievement of pre-established thresholds. Fifty percent of the annual cash incentive
opportunity for executive officers who provide corporate support to both of our business divisions
is based on the achievement of division strategic goals, divided equally between the strategic
goals established by this plan and by our Fiscal Year 2010 Disk Drive Components Division
Management Bonus Plan.

     The decision to pay bonuses is made annually by our board of directors upon the recommendation
of the compensation committee of our board. Bonuses are paid in cash in the first quarter of the
following fiscal year. The actual total bonus amount paid to any participant may not exceed 200% of
the participant’s bonus target, and the actual total bonus amounts paid to all participants under
this plan and under our Fiscal Year 2010 Disk Drive Components Division Management Bonus Plan may
not exceed the sum of 50% of the portion of our actual EBT that is less than or equal to the pre-established
goal for our EBT and 25% of any portion of our actual EBT that exceeds that goal.exv4w5

Exhibit 4.5

 

 

FINISAR CORPORATION

And

WELLS FARGO BANK, N.A.,

as Trustee

 

INDENTURE

Dated as of

October 15, 2009

 

5.0% Convertible Senior Notes due 2029

 

 

 

 

CROSS REFERENCE TABLE*

*NOTE: This Cross Reference Table shall not, for any purpose, be deemed to be part of the
Indenture.

	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	§310(a)(1)
	 	6.09
	(a)(2)
	 	6.09
	(a)(3)
	 	Not Applicable
	(a)(4)
	 	Not Applicable
	(a)(5)
	 	6.09
	(b)
	 	6.08; 6.10; 6.11
	(c)
	 	Not Applicable
	§311(a)
	 	6.13
	(b)
	 	6.13
	§312(a)
	 	4.01; 4.02
	(b)
	 	4.02(a)
	(c)
	 	4.02(b)
	§313(a)
	 	4.03
	(b)
	 	4.03
	(c)
	 	4.03
	(d)
	 	4.03(a)
	§314(a)
	 	4.04
	(b)
	 	Not Applicable
	(c)(1)
	 	13.05
	(c)(2)
	 	13.05
	(c)(3)
	 	Not Applicable
	(d)
	 	Not Applicable
	(e)
	 	13.05
	§315(a)
	 	6.01
	(b)
	 	5.08
	(c)
	 	6.01
	(d)
	 	6.01
	(e)
	 	5.09
	§316(a)
	 	7.01
	(a)(1)(A)
	 	7.01; 5.01
	(a)(1)(B)
	 	5.07
	(a)(2)
	 	Not Applicable
	(b)
	 	5.04
	(c)
	 	7.01
	§317(a)(1)
	 	5.03; 5.02; 5.05
	(a)(2)
	 	5.02
	(b)
	 	6.05; 11.01
	§318(a)
	 	13.07
	(c)
	 	13.07

 

 

TABLE OF CONTENTS

 

	 	 	 	 	 	 	 
	ARTICLE 1 Definitions	 	 	1	 
	Section 1.01
	 	Definitions	 	 	1	 
	 
	 	 	 	 	 	 
	ARTICLE 2 Issue, Description, Execution, Registration and Exchange of Securities 	 	 	9	 
	Section 2.01
	 	Designation Amount and Issue of Securities	 	 	9	 
	Section 2.02
	 	Form of Securities	 	 	9	 
	Section 2.03
	 	Date and Denomination of Securities; Payments of Interest	 	 	10	 
	Section 2.04
	 	Execution of Securities	 	 	12	 
	Section 2.05
	 	Exchange and Registration of Transfer of Securities; Restrictions on Transfer	 	 	13	 
	Section 2.06
	 	Mutilated, Destroyed, Lost or Stolen Securities	 	 	17	 
	Section 2.07
	 	Temporary Securities	 	 	18	 
	Section 2.08
	 	Cancellation of Securities	 	 	18	 
	Section 2.09
	 	CUSIP Numbers	 	 	18	 
	 
	 	 	 	 	 	 
	ARTICLE 3 Particular Covenants of the Company	 	 	19	 
	Section 3.01
	 	Payment of Principal, Premium and Interest	 	 	19	 
	Section 3.02
	 	Maintenance of Office or Agency	 	 	19	 
	Section 3.03
	 	Appointments to Fill Vacancies in Trustee’s Office	 	 	19	 
	Section 3.04
	 	Provisions as to Paying Agent	 	 	19	 
	Section 3.05
	 	Existence	 	 	20	 
	Section 3.06
	 	Payment of Taxes and Other Claims	 	 	21	 
	Section 3.07
	 	Rule 144A Information Requirement	 	 	21	 
	Section 3.08
	 	Stay, Extension and Usury Laws	 	 	21	 
	Section 3.09
	 	Compliance Certificate	 	 	21	 
	Section 3.10
	 	Additional Interest Notice	 	 	22	 
	Section 3.11
	 	Reports	 	 	22	 
	 
	 	 	 	 	 	 
	ARTICLE 4 Securityholders’ Lists and Reports by the Company and the Trustee	 	 	23	 
	Section 4.01
	 	Securityholders’ Lists	 	 	23	 
	Section 4.02
	 	Preservation and Disclosure of Lists	 	 	23	 
	Section 4.03
	 	Reports by Trustee	 	 	23	 
	Section 4.04
	 	Reports by Company	 	 	24	 
	 
	 	 	 	 	 	 
	ARTICLE 5 Remedies of the Trustee and Securityholders on an Event of Default 	 	 	24	 

 

 

	 	 	 	 	 	 	 
	Section 5.01
	 	Events of Default	 	 	24	 
	Section 5.02
	 	Payments of Securities on Default; Suit Therefor	 	 	26	 
	Section 5.03
	 	Application of Monies Collected By Trustee	 	 	28	 
	Section 5.04
	 	Proceedings by Securityholders	 	 	28	 
	Section 5.05
	 	Proceedings by Trustee	 	 	29	 
	Section 5.06
	 	Remedies Cumulative and Continuing	 	 	29	 
	Section 5.07
	 	Direction of Proceedings and Waiver of Defaults by Majority of Securityholders	 	 	29	 
	Section 5.08
	 	Notice of Defaults	 	 	30	 
	Section 5.09
	 	Undertaking to Pay Costs	 	 	30	 
	 
	 	 	 	 	 	 
	ARTICLE 6 The Trustee	 	 	31	 
	Section 6.01
	 	Duties and Responsibilities of Trustee	 	 	31	 
	Section 6.02
	 	Reliance on Documents, Opinions, Etc	 	 	32	 
	Section 6.03
	 	No Responsibility for Recitals, Etc	 	 	34	 
	Section 6.04
	 	Trustee, Paying Agents, Conversion Agents or Registrar May Own Securities	 	 	34	 
	Section 6.05
	 	Monies to Be Held in Trust	 	 	34	 
	Section 6.06
	 	Compensation and Expenses of Trustee; Indemnity for Trustee	 	 	34	 
	Section 6.07
	 	Officers’ Certificate as Evidence	 	 	35	 
	Section 6.08
	 	Conflicting Interests of Trustee	 	 	35	 
	Section 6.09
	 	Eligibility of Trustee	 	 	35	 
	Section 6.10
	 	Resignation or Removal of Trustee	 	 	35	 
	Section 6.11
	 	Acceptance by Successor Trustee	 	 	37	 
	Section 6.12
	 	Succession by Merger	 	 	37	 
	Section 6.13
	 	Preferential Collection of Claims	 	 	38	 
	Section 6.14
	 	Trustee’s Application for Instructions from the Company	 	 	38	 
	Section 6.15
	 	Force Majeure	 	 	38	 
	 
	 	 	 	 	 	 
	ARTICLE 7 The Securityholders	 	 	38	 
	Section 7.01
	 	Action by Securityholders	 	 	38	 
	Section 7.02
	 	Proof of Execution by Securityholders	 	 	39	 
	Section 7.03
	 	Who are Deemed Absolute Owners	 	 	39	 
	Section 7.04
	 	Company-owned Securities Disregarded	 	 	39	 
	Section 7.05
	 	Revocation of Consents; Future Holders Bound	 	 	40	 

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 8 Meetings of Securityholders	 	 	40	 
	Section 8.01
	 	Purpose of Meetings	 	 	40	 
	Section 8.02
	 	Call of Meetings by Trustee	 	 	40	 
	Section 8.03
	 	Call of Meetings by Company or Securityholders	 	 	41	 
	Section 8.04
	 	Qualifications for Voting	 	 	41	 
	Section 8.05
	 	Regulations	 	 	41	 
	Section 8.06
	 	Voting	 	 	42	 
	Section 8.07
	 	No Delay of Rights by Meeting	 	 	42	 
	 
	 	 	 	 	 	 
	ARTICLE 9 Supplemental Indentures	 	 	42	 
	Section 9.01
	 	Supplemental Indentures Without Consent of Securityholders	 	 	42	 
	Section 9.02
	 	Supplemental Indenture with Consent of Securityholders	 	 	44	 
	Section 9.03
	 	Effect of Supplemental Indenture	 	 	45	 
	Section 9.04
	 	Notation on Securities	 	 	45	 
	Section 9.05
	 	Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee	 	 	45	 
	 
	 	 	 	 	 	 
	ARTICLE 10 Consolidation, Merger, Sale, Conveyance and Lease	 	 	46	 
	Section 10.01
	 	Company May Consolidate on Certain Terms	 	 	46	 
	Section 10.02
	 	Successor to be Substituted	 	 	46	 
	Section 10.03
	 	Officers’ Certificate and Opinion of Counsel to be Given to Trustee	 	 	47	 
	 
	 	 	 	 	 	 
	ARTICLE 11 Satisfaction and Discharge of Indenture	 	 	47	 
	Section 11.01
	 	Discharge of Indenture	 	 	47	 
	Section 11.02
	 	Deposited Monies to be Held in Trust by Trustee	 	 	47	 
	Section 11.03
	 	Paying Agent to Repay Monies Held	 	 	48	 
	Section 11.04
	 	Return of Unclaimed Monies	 	 	48	 
	Section 11.05
	 	Reinstatement	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE 12 Immunity of Incorporators, Stockholders, Officers and Directors	 	 	48	 
	Section 12.01
	 	Indenture and Securities Solely Corporate Obligations	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE 13 General Provisions	 	 	49	 
	Section 13.01
	 	Provisions Binding on Company’s Successors	 	 	49	 
	Section 13.02
	 	Official Acts by Successor Corporation	 	 	49	 
	Section 13.03
	 	Addresses for Notices, Etc	 	 	49	 
	Section 13.04
	 	Governing Law	 	 	49	 

 

 

	 	 	 	 	 	 	 
	Section 13.05
	 	Evidence of Compliance with Conditions Precedent, Certificates to Trustee	 	 	49	 
	Section 13.06
	 	Legal Holidays	 	 	50	 
	Section 13.07
	 	Trust Indenture Act	 	 	50	 
	Section 13.08
	 	No Security Interest Created	 	 	50	 
	Section 13.09
	 	Benefits of Indenture	 	 	51	 
	Section 13.10
	 	Table of Contents, Headings, Etc	 	 	51	 
	Section 13.11
	 	Authenticating Agent	 	 	51	 
	Section 13.12
	 	Execution In Counterparts	 	 	52	 
	Section 13.13
	 	Severability	 	 	52	 
	Section 13.14
	 	U.S.A. Patriot Act	 	 	52	 
	Section 13.15
	 	Waiver of Right to Trial by Jury	 	 	52	 
	 
	 	 	 	 	 	 
	ARTICLE 14 Redemption Of Securities	 	 	52	 
	Section 14.01
	 	Redemption of Securities	 	 	52	 
	Section 14.02
	 	Notice of Optional Redemption; Selection of Securities	 	 	52	 
	Section 14.03
	 	Payment of Securities Called For Redemption by the Company	 	 	54	 
	Section 14.04
	 	Conversion Arrangement on Call for Redemption	 	 	55	 
	Section 14.05
	 	Redemption at Option of Securityholders upon a Fundamental Change	 	 	55	 
	Section 14.06
	 	Securities Repurchased in Part	 	 	58	 
	Section 14.07
	 	Repayment to the Company	 	 	58	 
	Section 14.08
	 	Redemption of Securities at Option of the Holder on Specified Dates	 	 	59	 
	 
	 	 	 	 	 	 
	ARTICLE 15 Conversion of Securities	 	 	62	 
	Section 15.01
	 	Right To Convert	 	 	62	 
	Section 15.02
	 	Exercise of Conversion Privilege; Issuance of Common Stock On Conversion; No Adjustment for Interest or Dividends	 	 	62	 
	Section 15.03
	 	Settlement Election	 	 	64	 
	Section 15.04
	 	Settlement Notices	 	 	65	 
	Section 15.05
	 	Cash Payments in Lieu of Fractional Shares	 	 	65	 
	Section 15.06
	 	Adjustment of Conversion Rate	 	 	66	 
	Section 15.07
	 	Effect of Reclassification, Consolidation, Merger or Sale	 	 	74	 
	Section 15.08
	 	Taxes on Shares Issued	 	 	75	 

 

 

	 	 	 	 	 	 	 
	Section 15.09
	 	Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Common Stock	 	 	75	 
	Section 15.10
	 	Notice to Holders Prior to Certain Actions	 	 	76	 
	Section 15.11
	 	Adjustment to Conversion Rate upon Occurrence of a Fundamental Change	 	 	77	 
	Section 15.12
	 	Transfer Restrictions	 	 	78	 

Exhibit A — Form of Global Note

 

 

INDENTURE

     INDENTURE dated as of October 15, 2009 between Finisar Corporation, a Delaware corporation
(hereinafter called the “Company”), having its principal office at 1389 Moffett Park Drive,
Sunnyvale, CA 94089-1134, and Wells Fargo Bank, N.A., a national banking association, as trustee
hereunder (hereinafter called the “Trustee”).

RECITALS OF THE COMPANY

     WHEREAS, for its lawful corporate purposes, the Company has duly authorized the creation and
issue of its 5.0% Convertible Senior Notes due 2029 (the “Securities”) of the tenor and amount
hereinafter set forth and, to provide the terms and conditions upon which the Securities are to be
authenticated, issued and delivered, the Company has duly authorized the execution and delivery of
this Indenture; and

     WHEREAS, all acts and things necessary to make the Securities, when executed by the Company
and authenticated and delivered by the Trustee or a duly authorized authenticating agent, as in
this Indenture provided, the valid, binding and legal obligations of the Company, and to make this
Indenture a valid and legally binding agreement in accordance with its terms, have been done and
performed, and the execution of this Indenture and the issue hereunder of the Securities have in
all respects been duly authorized,

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     That in order to declare the terms and conditions upon which the Securities are, and are to
be, authenticated, issued and delivered, and in consideration of the premises and of the purchase
and acceptance of the Securities 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
Securities (except as otherwise provided below), as follows:

ARTICLE 1

Definitions

     Section 1.01 Definitions. The terms defined in this Section 1.01 (except as herein otherwise
expressly provided or unless the context otherwise requires) for all purposes of this Indenture and
of any indenture supplemental hereto shall have the respective meanings specified in this Section
1.01. All other terms used in this Indenture that are defined in the Trust Indenture Act (as
defined herein) or which are by reference therein defined in the Securities Act (as defined herein)
(except as herein otherwise expressly provided or unless the context otherwise requires) shall have
the meanings assigned to such terms in the Trust Indenture Act and in the Securities Act as in
force at the date of the execution of this Indenture. The words “herein”, “hereof”, “hereunder”
and words of similar import refer to this Indenture as a whole and not to any particular Article,
Section or other Subdivision. The terms defined in this Article include the plural as well as the
singular.

     “Additional Interest” has the meaning given the term “Additional Interest Amount” in Section
2(e) of the Registration Rights Agreement.

 

 

     “Additional Shares” has the meaning specified in Section 15.11.

     “Agent Members” has the meaning specified in Section 2.05(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 or cause the direction of the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise, and the
terms “controlling” and “controlled” have meanings correlative to the foregoing.

     “Board of Directors” means the Board of Directors of the Company or a committee of such Board
duly authorized to act for it hereunder.

     “Business Day” means any day except a Saturday, Sunday or legal holiday on which The Federal
Reserve Bank of New York is authorized or obligated by law, regulation or executive order to close.

     “Cash” or “cash” means such coin or currency of the United States as at any time of payment is
legal tender for the payment of public and private debts.

     “Cash Settlement Averaging Period” means (a) with respect to any Conversion Date occurring on
or after the 12th Scheduled Trading Day immediately preceding the Maturity Date, Redemption Date or
Fundamental Change Redemption Date, the ten (10) consecutive Trading Day period beginning on, and
including, the 12th Scheduled Trading Day immediately preceding such date, subject to any extension
due to a Market Disruption Event and (b) in all other cases, the ten (10) consecutive Trading Day
period beginning on, and including, the third Trading Day immediately following the relevant
Conversion Date.

     “Change in Control” means the occurrence of any of the following transactions:

          (i) a “person” or “group” within the meaning of Section l3(d)(3) and 14(d) of the Exchange Act
(including any group acting for the purpose of acquiring, holding or disposing of securities within
the meaning or Rule 13-d-5(b)(1) under the Exchange Act) files a Schedule TO or any schedule, form
or report under the Exchange Act disclosing that such person or group has become the direct or
indirect “beneficial owner,” as defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act, of
Common Stock representing more than fifty percent (50%) of the voting power of the Common Stock
entitled to vote generally in the election of the Board of Directors; or

          (ii) the first day on which a majority of the members of the Board of Directors does not
consist of Continuing Directors; or

          (iii) a consolidation, merger or binding share exchange (other than any such transaction (a)
that does not result in any reclassification, conversion, exchange or cancellation of outstanding
Common Stock, and (b) pursuant to which holders of the Common Stock immediately before the
transaction have the entitlement to exercise, directly or indirectly, fifty

2

 

percent (50%) or more of the total voting power of all series of capital stock entitled to
vote generally in elections of the Board of Directors of the continuing or surviving or successor
Person immediately after giving effect to such issuance), or any conveyance, transfer, sale, lease
or other disposition of all or substantially all of our properties and assets to another Person; or

          (iv) the Company’s stockholders approve any plan or proposal for the Company’s liquidation.

     Notwithstanding the foregoing, in the case of a consolidation or merger, it will not
constitute a Change in Control if at least ninety percent (90%) of the consideration for the Common
Stock (excluding cash payments for fractional shares and cash payments made in respect of
dissenters’ appraisal rights and cash payment of the required cash payment, if any) in the
consolidation or merger constituting the Change in Control consists of securities traded on a
United States national securities exchange, or which will be so traded when issued or exchanged in
connection with the Change in Control, and as a result of such consolidation or merger the
securities become convertible solely into such securities.

     “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 Indenture 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 any shares of any class of the Company which has no preference in respect
of dividends or of amounts payable in the event of any voluntary or involuntary liquidation,
dissolution or winding up of the Company and that is not subject to redemption by the Company.
Subject to the provisions of Section 15.07, however, shares issuable on conversion of Securities
shall include only shares of the class designated as Common Stock at the date of this Indenture
(namely, the common stock of the Company, $0.001 par value) or shares of any class or classes
resulting from any reclassification or reclassifications thereof and that have no preference in
respect of dividends or of amounts payable in the event of any voluntary or involuntary
liquidation, dissolution or winding up of the Company and that are not subject to redemption by the
Company; provided that if at any time there shall be more than one such resulting class, the shares
of each such class then so issuable on conversion shall be substantially in the proportion that the
total number of shares of such class resulting from all such reclassifications bears to the total
number of shares of all such classes resulting from all such reclassifications.

     “Company” means the corporation named as the “Company” in the preamble to this Indenture, and,
subject to the provisions of Article 10 and Section 15.07, shall include its successors and
assigns.

     “Company Order” has the meaning specified in Section 2.01.

     “Continuing Directors” means as of any date of determination, any individual who on the date
of this Indenture was a member of the Board of Directors, together with any directors whose
election, or, solely to fill the vacancy of a Continuing Director, appointment by the Board of
Directors or whose nomination for election by the Company’s stockholders is duly approved

3

 

by the vote of a majority of the directors on the Board of Directors (or such lesser number
comprising a majority of a nominating committee if authority for such nominations or elections has
been delegated to a nominating committee whose authority and composition have been approved by at
least a majority of the directors who were Continuing Directors at the time such committee was
formed) then still in office who were either directors on the date of this Indenture or whose
election, appointment (in the case of a vacancy of a Continuing Director), or nomination for
election was previously approved by a majority of the Continuing Directors, either by specific vote
or by approval of the proxy statement issued by the Company in which such individual is named as a
nominee for director.

     “Conversion Date” means the Business Day on which the holder satisfies all of the requirements
set forth in Section 15.02.

     “Conversion Notice” has the meaning specified in Section 15.02.

     “Conversion Price” per share of Common Stock as of any date shall mean the result obtained by
dividing (a) $1,000 by (b) the Conversion Rate as of such date, rounded to the nearest cent.

     “Conversion Rate” means the rate at which shares of Common Stock shall be delivered upon
Conversion, which rate shall be initially 93.6768 shares of Common Stock for each $1,000 principal
amount of Securities, subject to adjustment pursuant to the provisions of this Indenture.

     “Conversion Value” means the product of (a) the Conversion Rate multiplied by (b) the average
of the Volume Weighted Average Price per share of Common Stock on each of the Trading Days during
the applicable Cash Settlement Averaging Period. The “Conversion Rate,” as such term is used in
the immediately preceding sentence, shall be appropriately adjusted to take into account the
occurrence on or before the relevant Trading Day in the applicable Cash Settlement Averaging Period
of any event that would require an adjustment to the applicable Conversion Rate pursuant to Section
15.06.

     “Corporate Trust Office” or other similar term, means the designated office of the Trustee at
which at any particular time its corporate trust business as it relates to this Indenture shall be
administered, which office is, at the date as of which this Indenture is dated, located at Wells
Fargo Bank, N.A., 45 Broadway,
14th
Floor, New York, NY 10006, Fax No. (212) 515-1589,
Attn: Corporate Trust Administration (Finisar).

     “Custodian” means Wells Fargo Bank, N.A., as custodian with respect to the Securities in
global form, or any successor entity thereto.

     “Daily Share Amount” means, for each Trading Day of the Cash Settlement Averaging Period and
each $1,000 principal amount of Securities surrendered for conversion, a number of shares of Common
Stock (but in no event less than zero) determined pursuant to the following formula:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	
	( 	volume weighted average price

per share of Common Stock on

such trading day
	 	x
	 	conversion rate

in effect on the

conversion date
	 	)
	 	-
	 	specified

cash

amount
	 
	 	 	volume weighted average price per share of Common Stock 
on such
trading day	 	x	 	10

4

 

The “Conversion Rate in effect on the Conversion Date,” as such term is used in the formula set
forth above, shall be appropriately adjusted to take into account the occurrence on or before the
relevant Trading Day of any event that would require an adjustment to the applicable Conversion
Rate pursuant to Section 15.06.

     “Defaulted Interest” has the meaning specified in Section 2.03.

     “Depositary” means, the clearing agency registered under the Exchange Act that is designated
to act as the Depositary for the Global Securities. The Depository Trust Company shall be the
initial Depositary, until a successor shall have been appointed and become such pursuant to the
applicable provisions of this Indenture, and thereafter, “Depositary” shall mean or include such
successor.

     “Effective Date” has the meaning specified in Section 15.11.

     “Event of Default” means any event specified in Section 5.01 as an Event of Default.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder, as in effect from time to time.

     “Ex-Dividend Date” means, with respect to any distribution on Common Stock, the first day on
which the Common Stock trade on the applicable exchange, or in the applicable market, regular way,
without the right to receive such distribution.

     “Fundamental Change” shall mean the occurrence of a Change in Control or a Termination of
Trading.

     “Fundamental Change Expiration Time” has the meaning specified in Section 14.05(b).

     “Fundamental Change Notice” has the meaning specified in Section 14.05(b).

     “Fundamental Change Redemption Date” has the meaning specified in Section 14.05(a).

     “Fundamental Change Redemption Right Notice” has the meaning specified in Section 14.05(b).

     “Global Security” has the meaning specified in Section 2.02.

     “Indenture” means this instrument as originally executed or, if amended or supplemented as
herein provided, as so amended or supplemented.

     “Initial Purchaser” means Piper Jaffray & Co.

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     “Interest” means, when used with reference to the Securities, any interest payable under the
terms of the Securities, including Additional Interest, if any, payable under the terms of the
Registration Rights Agreement.

     “Last Reported Sale Price” of the Common Stock on any date means the closing sale price per
share (or, if no closing sale price is reported, the average of the bid and ask prices or, if more
than one in either case, the average of the average bid and the average ask prices) on such date as
reported on the Nasdaq Global Select Market or other principal United States securities exchange on
which Common Stock are traded or, if the Common Stock are not listed for trading on a United States
national or regional securities exchange on the relevant date, the “Last Reported Sale Price” of
the Common Stock will be the last quoted bid price for the Common Stock in the over-the-counter
market on the relevant date as reported by the National Quotation Bureau or similar organization.
If the Common Stock is not so quoted, the “Last Reported Sale Price” of the Common Stock will be
the average of the mid-point of the last bid and ask prices for the Common Stock on the relevant
date from each of at least three U.S. nationally recognized independent investment banking firms
selected by us for this purpose. The Last Reported Sale Price shall be determined without
reference to extended or after hours trading.

     “Market Disruption Event” means the occurrence or existence for more than one-half hour period
in the aggregate on any Trading Day for the Company’s Common Stock of any suspension or limitation
imposed on trading (by reason of movements in price exceeding limits permitted by the stock
exchange or otherwise) in the Company’s Common Stock or in any options, contracts or future
contracts relating solely to the Company’s Common Stock, and such suspension or limitation occurs
or exists at any time before 1:00 p.m. (New York City time) on such day.

     “Material Subsidiary” means a subsidiary of the Company that is a “significant subsidiary” as
defined under Rule 1-02(w) of Regulation S-X under the Exchange Act.

     “Maturity Date” means October 15, 2029.

     “Officers’ Certificate”, when used with respect to the Company, means a certificate signed by
the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer or any Vice
President (whether or not designated by a number or numbers or word or words added before or after
the title “Vice President”) and the Treasurer or any Assistant Treasurer or the Secretary or any
Assistant Secretary of the Company.

     “Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be an
employee of or counsel to the Company, which opinion shall be reasonably acceptable to the Trustee.

     “Outstanding”, when used with reference to Securities and subject to the provisions of Section
7.04, means, as of any particular time, all Securities authenticated and delivered by the Trustee
under this Indenture, except:

     (a) Securities theretofore canceled by the Trustee or delivered to the Trustee for
cancellation;

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     (b) Securities, or portions thereof, (i) for the redemption of which monies in the necessary
amount shall have been deposited in trust with the Trustee or with any paying agent (other than the
Company) or (ii) that shall have been otherwise defeased in accordance with Article 11;

     (c) Securities in lieu of which, or in substitution for which, other Securities shall have
been authenticated and delivered pursuant to the terms of Section 2.06; and

     (d) Securities converted into either Common Stock, cash, or a combination of cash and Common
Stock pursuant to Article 15 and Securities deemed not outstanding pursuant to Article 14.

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

     “Predecessor Security” of any particular Security means every previous Security evidencing all
or a portion of the same debt as that evidenced by such particular Security, and, for the purposes
of this definition, any Security authenticated and delivered under Section 2.06 in lieu of a lost,
destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or
stolen Security that it replaces.

     “Prescribed Securities” has the meaning specified in Section 15.07.

     “QIB” means a “qualified institutional buyer” as defined in Rule 144A.

     “Registration Rights Agreement” means the Registration Rights Agreement dated as of October
15, 2009 between the Company and the Initial Purchaser, as amended from time to time in accordance
with its terms.

     “Redemption Date” has the meaning specified in Section 14.08(a).

     “Redemption Date Notice” has the meaning specified in Section 14.08(b).

     “Redemption Price” has the meaning specified in Section 14.08(a).

     “Responsible Officer” shall mean, when used with respect to the Trustee, any officer in the
Corporate Trust Office of the Trustee 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 such person’s knowledge of and familiarity with the
particular subject.

     “Restricted Securities” has the meaning specified in Section 2.05(a).

     “Restricted Securities Legend” means the legend labeled as such and that is set forth in
Exhibit A hereto.

     “Rights” has the meaning specified in Section 15.06(b).

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     “Rights Plan” has the meaning specified in Section 15.06(b).

     “Rule 144” means Rule 144 as promulgated under the Securities Act.

     “Rule 144A” means Rule 144A as promulgated under the Securities Act.

     “Scheduled Trading Day” means a day that is scheduled to be a Trading Day.

     “Securities” means securities in an aggregate principal amount of $100,000,000 issued under
this Indenture.

     “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder, as in effect from time to time.

     “Security Register” has the meaning specified in Section 2.05.

     “Security Registrar” has the meaning specified in Section 2.05.

     “Securityholder” or “holder” as applied to any Security, or other similar terms, means any
Person in whose name at the time a particular Security is registered on the Security Registrar’s
books.

     “Spin-Off” has the meaning specified in Section 15.06(c).

     “Stock Price” has the meaning specified in Section 15.11.

     “Subsidiary” means, with respect to any Person, (i) any corporation, association or other
business entity of which more than fifty-percent (50%) of the total voting power of shares of
capital stock or other equity interest entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by such Person or one or more of the other
subsidiaries of that Person (or a combination thereof) and (ii) any partnership (a) the sole
general partner or managing general partner of which is such Person or a subsidiary of such Person
or (b) the only general partners of which are such Person or of one or more subsidiaries of such
Person (or any combination thereof).

     “Termination of Trading” shall be deemed to have occurred if the Common Stock, or other
securities into which the Securities are then convertible, are not listed for trading on a U.S.
national securities exchange with electronically disseminated quotes, except as a result of a
merger involving the Company or a tender offer or exchange offer for the Common Stock, or other
securities into which the Securities are then convertible.

     “Trading Day” means a day during which (i) trading in the Common Stock generally occurs, (ii)
there is no Market Disruption Event and (iii) a Last Reported Sale Price for the Common Stock
(other than a Last Reported Sale Price referred to in the second sentence of the definition
thereof) is available for such day; provided that if the Common Stock is not not admitted for
trading or quotation on or by any exchange, bureau or other organization referred to

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in the definition of Last Reported Sale Price (excluding the second sentence of that
definition), “Trading Day” will mean any Business Day.

     “Trigger Event” has the meaning specified in Section 15.06(c).

     “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in force at
the date of this Indenture, except as provided in Section 9.03 and Section 15.07; provided that if
the Trust Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act”
shall mean, to the extent required by such amendment, the Trust Indenture Act of 1939 as so
amended.

     “Trustee” means Wells Fargo Bank, N.A. and its successors and any corporation resulting from
or surviving any consolidation or merger to which it or its successors may be a party and any
successor trustee at the time serving as successor trustee hereunder.

     “Volume Weighted Average Price” per share of Common Stock on any Trading Day means such price
as displayed on Bloomberg (or any successor service) page FNSRD <equity> VWAP (or, on and
after the Trading Day on which the Company’s ticker symbol is restored to “FNSR”, page FNSR
<equity> VWAP) in respect of the period from 9:30 a.m. to 4:00 p.m., New York City time, on
such Trading Day. If such price is not available, the Volume Weighted Average Price means the
market value per share of Common Stock on such day as determined by a nationally recognized
independent investment banking firm retained for this purpose by the Company.

ARTICLE 2

Issue, Description, Execution, Registration 

and Exchange of Securities

     Section 2.01 Designation Amount and Issue of Securities. The Securities shall be designated
as “5.0% Convertible Senior Notes due 2029.”

     The Trustee shall authenticate and make available for delivery the Securities for original
issue upon receipt of a written order or orders of the Company signed by two Officers of the
Company (a “Company Order”). The Company Order shall specify the amount of Securities to be
authenticated, shall provide that all such Securities will be represented by a Restricted Global
Security and the date on which each original issue of Securities is to be authenticated. The
aggregate principal amount of Securities outstanding at any time may not exceed $100,000,000 except
as provided in Section 2.06.

     Section 2.02 Form of Securities. The Securities and the Trustee’s certificate of
authentication to be borne by such Securities shall be substantially in the form set forth in
Exhibit A. The terms and provisions contained in the form of Security attached as Exhibit A hereto
shall constitute, and are hereby expressly made, a part of this Indenture and, to the extent
applicable, the Company and the Trustee, by their execution and delivery of this Indenture,
expressly agree to such terms and provisions and to be bound thereby.

9

 

     Any of the Securities may have such letters, numbers or other marks of identification and such
notations, legends, endorsements or changes as the officers executing the same may
approve (execution thereof to be conclusive evidence of such approval) and as are not
inconsistent with the provisions of this Indenture, or as may be required by the Custodian, the
Depositary or as may be required for the Securities to be tradable on any other market developed
for trading of securities pursuant to Rule 144A or as may be required to comply with any applicable
law or with any rule or regulation made pursuant thereto or with any rule or regulation of any
securities exchange or automated quotation system on which the Securities may be listed, or to
conform to usage, or to indicate any special limitations or restrictions to which any particular
Securities are subject.

     So long as the Securities are eligible for book-entry settlement with the Depositary, or
unless otherwise required by law, or otherwise contemplated by Section 1.1(1), all of the
Securities will be represented by one or more Securities in global form registered in the name of
the Depositary or the nominee of the Depositary (a “Global Security“). The transfer and exchange
of beneficial interests in any such Global Security shall be effected through the Depositary in
accordance with this Indenture and the applicable procedures of the Depositary. Except as provided
in Section 1.1(1), beneficial owners of a Global Security shall not be entitled to have
certificates registered in their names, will not receive or be entitled to receive physical
delivery of certificates in definitive form and will not be considered holders of such Global
Security (other than in an enforcement by such owner of a beneficial interest to exchange such
beneficial interest for Securities in certificated form).

     Any Global Security shall represent such of the outstanding Securities as shall be specified
therein and shall provide that it shall represent the aggregate amount of outstanding Securities
from time to time endorsed thereon and that the aggregate amount of outstanding Securities
represented thereby may from time to time be increased or reduced to reflect redemptions,
repurchases, conversions, transfers or exchanges permitted hereby or to reflect the increase in the
principal amount of the Securities permitted by Section 2.01. Any endorsement of a Global Security
to reflect the amount of any increase or decrease in the amount of outstanding Securities
represented thereby shall be made by the Trustee or the Custodian, at the direction of the Trustee,
in such manner and upon instructions given by the holder of such Global Securities in accordance
with this Indenture. Payment of principal of and Interest and premium, if any, on any Global
Security shall be made to the holder of such Security.

     Section 2.03 Date and Denomination of Securities; Payments of Interest. The Securities shall
be issuable in registered form without coupons in denominations of $1,000 principal amount and
integral multiples thereof. Each Security shall be dated the date of its authentication and shall
bear Interest from the date specified on the face of the form of Security attached as Exhibit A
hereto. Interest on the Securities shall be computed on the basis of a 360-day year comprised of
twelve 30-day months.

     The Person in whose name any Security (or its Predecessor Security) is registered on the
Security Register at the close of business on any record date with respect to any interest payment
date shall be entitled to receive the Interest payable on such interest payment date, except that
the Interest payable upon redemption or repurchase will be payable to the Person to whom principal
is payable pursuant to such redemption or repurchase (unless the redemption date or the

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repurchase
date, as the case may be, falls after a record date and on or prior to the corresponding interest
payment date, in which case the semi-annual payment of Interest becoming due on such
interest payment date shall be payable to the holders of such Securities registered as such on
the applicable record date).

     Notwithstanding the foregoing, if any Security (or portion thereof) is converted into Common
Stock during the period after a record date for the payment of Interest to, but excluding, the
opening of business on the next succeeding interest payment date, holders of such Security at the
close of business on the record date shall receive Interest payable on such Security (or portion
thereof) on the corresponding interest payment date notwithstanding the conversion. Such Security
(or portion thereof), upon surrender for conversion, shall be accompanied by funds equal to the
amount of Interest payable on such Security so converted; provided that no such payment shall be
made (i) if the Company has specified a redemption date that is after a record date but on or prior
to the next succeeding interest payment date, (ii) if the Company has specified a Fundamental
Change Redemption Date that is after a record date but on or prior to the next succeeding interest
payment date or (iii) to the extent of any overdue Interest at the time of conversion with respect
to such Security. Interest shall be payable at the office or agency of the Company maintained by
the Company for such purposes in the Borough of Manhattan, City of New York, which shall initially
be an office or agency of Wells Fargo Bank, N.A., having an office as of the date of this Indenture
at 45 Broadway, 14th Floor, New York, NY 10006, attention: Corporate Trust
Administration (Finisar). The Company shall pay Interest (i) on any Securities in certificated
form by check mailed to the address of the Person entitled thereto as it appears in the Security
Register (provided that the holder of Securities with an aggregate principal amount in excess of
$5,000,000 shall, at the written election of such holder, be paid by wire transfer of immediately
available funds, which written notice shall remain in effect until such Person notifies, in
writing, the Registrar to the contrary) or (ii) on any Global Security by wire transfer of
immediately available funds to the account of the Depositary or its nominee. The term “record
date” with respect to any interest payment date shall mean the April 1 and October 1 preceding the
applicable April 15 or October 15 interest payment date, respectively.

     Notwithstanding the foregoing, any Interest on any Security which is payable, but is not
punctually paid or duly provided for, on any April 15 or October 15 (herein called “Defaulted
Interest”) shall forthwith cease to be payable to the Securityholder on the relevant record date by
virtue of his having been such Securityholder, and such Defaulted Interest shall be paid by the
Company, at its election in each case, as provided in clause (1) or (2) below:

     (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the Securities (or their respective Predecessor Securities) are registered at the close of
business on a special record date for the payment of such Defaulted Interest, which shall be fixed
in the following manner. The Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each Security and the date of the proposed payment (which
shall be not less than twenty-five (25) days after the receipt by the Trustee of such notice,
unless the Trustee shall consent to an earlier date), and at the same time the Company shall
deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on
or prior to the date of the proposed payment, such money when

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deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon
the Trustee shall fix a special record date for the payment of
such Defaulted Interest which shall be not more than fifteen (15) days and not less than ten
(10) days prior to the date of the proposed payment, and not less than ten (10) days after the
receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify
the Company of such special record date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the special record date
therefor to be mailed, first-class postage prepaid, to each holder at his address as it appears in
the Security Register, not less than ten (10) days prior to such special record date. Notice of
the proposed payment of such Defaulted Interest and the special record date therefor having been so
mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities (or
their respective Predecessor Securities) are registered at the close of business on such special
record date and shall no longer be payable pursuant to the following clause (2) of this Section
2.03.

     (2) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange or automated quotation system on
which the Securities may be listed or designated for issuance, and upon such notice as may be
required by such exchange or automated quotation system, if, after notice given by the Company to
the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed
practicable by the Trustee.

     Section 2.04 Execution of Securities. The Securities shall be signed in the name and on
behalf of the Company by the manual or facsimile signature of its Chairman of the Board, Chief
Executive Officer or Chief Financial Officer and attested by the manual or facsimile signature of
its Secretary or any of its Assistant Secretaries or any Vice President (whether or not designated
by a number or numbers or word or words added before or after the title “Vice President”) or its
Treasurer or any of its Assistant Treasurers (which may be printed, engraved or otherwise
reproduced thereon, by facsimile or otherwise). Only such Securities as shall bear thereon a
certificate of authentication substantially in the form set forth on the form of Security attached
as Exhibit A hereto, manually executed by the Trustee (or an authenticating agent appointed by the
Trustee as provided by Section 13.11), shall be entitled to the benefits of this Indenture or be
valid or obligatory for any purpose. Such certificate by the Trustee (or such an authenticating
agent) upon any Security executed by the Company shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the holder is entitled
to the benefits of this Indenture.

     In case any officer of the Company who shall have signed any of the Securities shall cease to
be such officer before the Securities so signed shall have been authenticated and delivered by the
Trustee, or disposed of by the Company, such Securities nevertheless may be authenticated and
delivered or disposed of as though the person who signed such Securities had not ceased to be such
officer of the Company, and any Security may be signed on behalf of the Company by such persons as,
at the actual date of the execution of such Security, shall be the proper officers of the Company,
although at the date of the execution of this Indenture any such person was not such an officer.

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     Section 2.05 Exchange and Registration of Transfer of Securities; Restrictions on Transfer.
(1) The Company shall cause to be kept at the Corporate Trust Office a register (the register
maintained in such office and in any other office or agency of the Company designated
pursuant to Section 3.02 being herein sometimes collectively referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall
provide for the registration of Securities and of transfers of Securities. The Security Register
shall be in written form or in any form capable of being converted into written form within a
reasonably prompt period of time. The Trustee is hereby appointed “Security Registrar” for the
purpose of registering Securities and transfers of Securities as herein provided. The Company may
appoint one or more co-registrars in accordance with Section 3.02.

     Upon surrender for registration of transfer of any Security to the Security Registrar or any
co-registrar, and satisfaction of the requirements for such transfer set forth in this Section
2.05, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Securities of any authorized denominations
and of a like aggregate principal amount and bearing such restrictive legends as may be required by
this Indenture.

     Securities may be exchanged for other Securities of any authorized denominations and of a like
aggregate principal amount, upon surrender of the Securities to be exchanged at any such office or
agency maintained by the Company pursuant to Section 3.02. Whenever any Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and
deliver, the Securities which the Securityholder making the exchange is entitled to receive bearing
registration numbers not contemporaneously outstanding.

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

     All Securities presented or surrendered for registration of transfer or for exchange,
redemption, repurchase or conversion shall (if so required by the Company or the Security
Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer
in form satisfactory to the Company, and the Securities shall be duly executed by the
Securityholder thereof or his attorney duly authorized in writing.

     No service charge shall be made to any holder for any registration of transfer or exchange of
Securities, but the Company may require payment by the holder of a sum sufficient to cover any tax,
assessment or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities.

     Neither the Company nor the Trustee nor any Security Registrar shall be required to exchange
or register a transfer of (a) any Securities or portions thereof for a period of fifteen (15) days
next preceding any selection of Securities to be redeemed, (b) any Securities or portions thereof
surrendered for conversion pursuant to Article 15 or (c) any Securities or portions thereof
tendered for repurchase (and not withdrawn) pursuant to Article 14.

     (a) The following provisions shall apply only to Global Securities:

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     (i) Each Global Security authenticated under this Indenture shall be registered in
the name of the Depositary or a nominee thereof and delivered to such Depositary or
a nominee thereof or Custodian therefor, and each such Global Security shall
constitute a single Security for all purposes of this Indenture.

     (ii) Notwithstanding any other provision in this Indenture, no Global Security may be
exchanged in whole or in part for Securities registered, and no transfer of a Global
Security in whole or in part may be registered, in the name of any Person other than the
Depositary or a nominee thereof unless (A) the Depositary (i) has notified the Company
that it is unwilling or unable to continue as Depositary for such Global Security and a
successor depositary has not been appointed by the Company within ninety (90) days or (ii)
has ceased to be a clearing agency registered under the Exchange Act and no successor
clearing agency has been appointed by the Company within 90 days, (B) an Event of Default
has occurred and is continuing or (C) the Company, in its sole discretion, notifies the
Trustee in writing that it no longer wishes to have all the Securities represented by
Global Securities; provided that beneficial interests in a Global Security may be
exchanged for definitive certificated Securities upon request by or on behalf of the
Depositary in accordance with customary procedures. Any Global Security exchanged
pursuant to clause (A) or (B) above shall be so exchanged in whole and not in part and any
Global Security exchanged pursuant to clause (C) above may be exchanged in whole or from
time to time in part as directed by the Company. Any Security issued in exchange for a
Global Security or any portion thereof shall be a Global Security; provided that any such
Security so issued that is registered in the name of a Person other than the Depositary or
a nominee thereof shall not be a Global Security.

     (iii) Securities issued in exchange for a Global Security or any portion thereof
pursuant to clause (ii) above shall be issued in definitive, fully registered form,
without interest coupons, shall have an aggregate principal amount equal to that of such
Global Security or portion thereof to be so exchanged, shall be registered in such names
and be in such authorized denominations as the Depositary shall designate and shall bear
any legends required hereunder. Any Global Security to be exchanged in whole shall be
surrendered by the Depositary to the Trustee, as Security Registrar. With regard to any
Global Security to be exchanged in part, either such Global Security shall be so
surrendered for exchange or, if the Trustee is acting as Custodian for the Depositary or
its nominee with respect to such Global Security, the principal amount thereof shall be
reduced, by an amount equal to the portion thereof to be so exchanged, by means of an
appropriate adjustment made on the records of the Trustee. Upon any such surrender or
adjustment, the Trustee shall authenticate and make available for delivery the Security
issuable on such exchange to or upon the written order of the Depositary or an authorized
representative thereof.

     (iv) In the event of the occurrence of any of the events specified in clause (ii)
above, the Company will promptly make available to the Trustee a reasonable supply of
certificated Securities in definitive, fully registered form, without interest coupons.

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     (v) Neither any members of, or participants in, the Depositary (“Agent Members”) nor
any other Persons on whose behalf Agent Members may act shall have
any rights under this Indenture with respect to any Global Security registered in the
name of the Depositary or any nominee thereof, and the Depositary or such nominee, as the
case may be, may be treated by the Company, the Trustee and any agent of the Company or
the Trustee as the absolute owner and holder of such Global Security 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 such nominee,
as the case may be, or impair, as between the Depositary, its Agent Members and any other
Person on whose behalf an Agent Member may act, the operation of customary practices of
such Persons governing the exercise of the rights of a holder of any Security.

     (vi) At such time as all interests in a Global Security have been redeemed,
repurchased, converted, canceled or exchanged for Securities in certificated form, such
Global Security shall, upon receipt thereof, be canceled by the Trustee in accordance with
standing procedures and instructions existing between the Depositary and the Custodian.
At any time prior to such cancellation, if any interest in a Global Security is redeemed,
repurchased, converted, canceled or exchanged for Securities in certificated form, the
principal amount of such Global Security shall, in accordance with the standing procedures
and instructions existing between the Depositary and the Custodian, be appropriately
reduced, and an endorsement shall be made on such Global Security, by the Trustee or the
Custodian, at the direction of the Trustee, to reflect such reduction.

     (b) The transfer restrictions set forth below shall apply to the Securities, whether in the
form of a Global Security or a Certificated Security.

     Until the date that is one year after the last original issue date of the Securities, any
certificate evidencing such Security (and all securities issued in exchange therefor or in
substitution thereof) and any share certificate representing Common Stock issued upon conversion of
any Security shall bear the Restricted Securities Legend, unless (1) such Security or such Common
Stock have been sold pursuant to a registration statement that has been declared effective under
the Securities Act (and which continues to be effective at the time of such transfer) or pursuant
to Rule 144 under the Securities Act or any similar provision then in force, or such Common Stock
have been issued upon conversion of Securities that have been transferred pursuant to a
registration statement that has been declared effective under the Securities Act or pursuant to
Rule 144 under the Securities Act or any similar provision then in force, (2) such Security or such
Common Stock are eligible for resale pursuant to Rule 144 under the Securities Act (or any
successor provision) as is in effect on the date of transfer of such Security or (3) otherwise
agreed by the Company in writing, with written notice thereof to the Trustee.

     Every Security that bears or is required under this Section 2.05(b) to bear the Restricted
Securities Legend (the “Restricted Securities”) shall be subject to the restrictions on transfer
set forth in this Section 2.05(b) (including those set forth in the Restricted Securities Legend)

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unless such restrictions on transfer shall be waived by written consent of the Company, and the
holder of each such Restricted Security, by such Securityholder’s acceptance thereof, agrees to be
bound by all such restrictions on transfer. As used in this Section 2.05(b), the term
“transfer” encompasses any sale, pledge, loan, transfer or other disposition whatsoever of any
Restricted Security or any interest therein.

     Any Security (or security issued in exchange or substitution therefor) as to which such
restrictions on transfer shall have expired in accordance with their terms or as to conditions for
removal of the Restricted Securities Legend have been satisfied may, upon surrender of such
Security for exchange to the Security Registrar in accordance with the provisions of this Section
2.05, be exchanged for a new Security or Securities, of like tenor and aggregate principal amount,
which shall not bear the Restricted Securities Legend. If the Restricted Security surrendered for
exchange is represented by a Global Security bearing a Restricted Securities Legend, the principal
amount of the Global Security so legended shall be reduced by the appropriate principal amount and
the principal amount of a Global Security without the Restricted Securities Legend shall be
increased by an equal principal amount. If a Global Security without the Restricted Securities
Legend is not then outstanding, the Company shall execute and the Trustee shall authenticate and
deliver a Global Security without the Restricted Securities Legend to the Depositary.

     Any such Common Stock as to which such restrictions on transfer shall have expired in
accordance with their terms or as to which the conditions for removal of the foregoing legend set
forth therein have been satisfied may, upon surrender of the certificates representing such Common
Stock for exchange in accordance with the procedures of the transfer agent for the Common Stock, be
exchanged for a new certificate or certificates for a like number of shares of Common Stock, which
shall not bear the Restricted Securities Legend.

     (c) Any Security or Common Stock issued upon the conversion of a Security that is purchased or
owned by the Company or any Subsidiary thereof may not be resold by the Company or such Subsidiary
unless registered under the Securities Act or resold pursuant to an exemption from the registration
requirements of the Securities Act in a transaction which results in such Securities or Common
Stock, as the case may be, no longer being “restricted securities” (as defined under Rule 144).

     (d) The Company shall use its best efforts to prevent any Affiliate who is not a Subsidiary
from reselling any Security or Common Stock issued upon the conversion of a Security, except for
the resale of such Securities or Common Stock pursuant to an effective registration statement or
resales of such Securities or Common Stock to the Company or a Subsidiary.

     (e) The Trustee shall have no responsibility or obligation to any Agent Members or any other
Person with respect to the accuracy of the books or records, or the acts or omissions, of the
Depositary or its nominee or of any participant or member thereof, with respect to any ownership
interest in the Securities or with respect to the delivery to any Agent Member or other Person
(other than the Depositary) of any notice (including any notice of redemption or repurchase) or the
payment of any amount, under or with respect to such Securities. All notices and communications to
be given to the Securityholders and all payments to be made to

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Securityholders under the Securities
shall be given or made only to or upon the order of the registered Securityholders (which shall be
the Depository or its nominee in the case of a Global
Security). The rights of beneficial owners in any Global Security shall be exercised only
through the Depositary subject to the customary procedures of the Depositary. The Trustee may
conclusively rely and shall be fully protected in relying conclusively upon information furnished
by the Depositary with respect to its Agent Members.

     The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance
with any restrictions on transfer imposed under this Indenture or under applicable law with respect
to any transfer of any interest in any Security (including any transfers between or among Agent
Members in any Global Security) other than to require delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when expressly required
by, the terms of this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof.

     Section 2.06 Mutilated, Destroyed, Lost or Stolen Securities. In case any Security shall
become mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and
upon its written request the Trustee or an authenticating agent appointed by the Trustee shall
authenticate and make available for delivery, a new Security, bearing a number not
contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu
of and in substitution for the Security so destroyed, lost or stolen. In every case, the applicant
for a substituted Security shall furnish to the Company, to the Trustee and, if applicable, to such
authenticating agent such security or indemnity as may be required by them to save each of them
harmless for any loss, liability, cost or expense caused by or connected with such substitution,
and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company,
to the Trustee and, if applicable, to such authenticating agent evidence to their satisfaction of
the destruction, loss or theft of such Security and of the ownership thereof.

     Following receipt by the Trustee or such authenticating agent, as the case may be, of
satisfactory security or indemnity and evidence, as described in the preceding paragraph, the
Trustee or such authenticating agent may authenticate any such substituted Security and make
available for delivery such Security. Upon the issuance of any substituted Security, the Company
may require the payment by the holder of a sum sufficient to cover any tax, assessment or other
governmental charge that may be imposed in relation thereto and any other expenses connected
therewith. In case any Security which has matured or is about to mature or has been called for
redemption or has been tendered for purchase upon a Fundamental Change or on a Redemption Date (and
not withdrawn) or is to be converted into Common Stock shall become mutilated or be destroyed, lost
or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment
of or convert or authorize the conversion of the same (without surrender thereof except in the case
of a mutilated Security), as the case may be, if the applicant for such payment or conversion shall
furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such
security or indemnity as may be required by them to save each of them harmless for any loss,
liability, cost or expense caused by or in connection with such substitution, and, in every case of
destruction, loss or theft, the applicant shall also furnish to the Company, the Trustee and, if
applicable, any paying agent or conversion agent evidence to their satisfaction of the destruction,
loss or theft of such Security and of the ownership thereof.

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     Every substitute Security issued pursuant to the provisions of this Section 2.06 by virtue of
the fact that any Security is destroyed, lost or stolen shall constitute an additional contractual
obligation of the Company, whether or not the destroyed, lost or stolen Security shall be
found at any time, and shall be entitled to all the benefits of (but shall be subject to all the
limitations set forth in) this Indenture equally and proportionately with any and all other
Securities duly issued hereunder. To the extent permitted by law, all Securities shall be held and
owned upon the express condition that the foregoing provisions are exclusive with respect to the
replacement or payment or conversion or redemption or repurchase of mutilated, destroyed, lost or
stolen Securities and shall preclude any and all other rights or remedies notwithstanding any law
or statute existing or hereafter enacted to the contrary with respect to the replacement or payment
or conversion or redemption or repurchase of negotiable instruments or other securities without
their surrender.

     Section 2.07 Temporary Securities. Pending the preparation of Securities in certificated
form, the Company may execute and the Trustee or an authenticating agent appointed by the Trustee
shall, upon the written request of the Company, authenticate and deliver temporary Securities
(printed or lithographed). Temporary Securities shall be issuable in any authorized denomination,
and substantially in the form of the Securities in certificated form, but with such omissions,
insertions and variations as may be appropriate for temporary Securities, all as may be determined
by the Company. Every such temporary Security shall be executed by the Company and authenticated
by the Trustee or such authenticating agent upon the same conditions and in substantially the same
manner, and with the same effect, as the Securities in certificated form. Without unreasonable
delay, the Company will execute and deliver to the Trustee or such authenticating agent Securities
in certificated form and thereupon any or all temporary Securities may be surrendered in exchange
therefor, at each office or agency maintained by the Company pursuant to Section 3.02 and the
Trustee or such authenticating agent shall authenticate and make available for delivery in exchange
for such temporary Securities an equal aggregate principal amount of Securities in certificated
form. Such exchange shall be made by the Company at its own expense and without any charge
therefor. Until so exchanged, the temporary Securities shall in all respects be entitled to the
same benefits and subject to the same limitations under this Indenture as Securities in
certificated form authenticated and delivered hereunder.

     Section 2.08 Cancellation of Securities. All Securities surrendered for the purpose of
payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if
surrendered to the Company or any paying agent or any Security Registrar or any conversion agent,
be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee, shall
be promptly canceled by it, and no Securities shall be issued in lieu thereof except as expressly
permitted by any of the provisions of this Indenture. The Trustee shall dispose of such canceled
Securities in accordance with its customary procedures. If the Company shall acquire any of the
Securities, such acquisition shall not operate as a redemption, repurchase or satisfaction of the
indebtedness represented by such Securities unless and until the same are delivered to the Trustee
for cancellation.

     Section 2.09 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if
then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption
or repurchases as a convenience to Securityholders; provided that any

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such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or
as contained in any notice of a redemption or a repurchase and that
reliance may be placed only on the other identification numbers printed on the Securities, and
any such redemption or repurchase shall not be affected by any defect in or omission of such
numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP”
numbers.

ARTICLE 3

Particular Covenants of the Company

     Section 3.01 Payment of Principal, Premium and Interest. The Company will duly and punctually
pay or cause to be paid the principal of and premium, if any (including the redemption price upon
redemption or the repurchase price upon repurchase, in each case pursuant to Article 14), and
Interest, on each of the Securities at the places, at the respective times and in the manner
provided herein and in the Securities.

     Section 3.02 Maintenance of Office or Agency. The Company will maintain an office or agency
in the Borough of Manhattan, the City of New York, where the Securities may be surrendered for
registration of transfer or exchange or for presentation for payment or for conversion, redemption
or repurchase and where notices and demands to or upon the Company in respect of the Securities and
this Indenture may be served. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency not designated or appointed by
the Trustee. If at any time the Company shall fail to maintain any such required office or agency
or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office.

     The Company may also from time to time designate co-registrars and one or more 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. 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, Security Registrar,
Custodian and conversion agent and the Corporate Trust Office shall be considered as an office or
agency of the Company for each of the aforesaid purposes.

     Section 3.03 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 6.10, a Trustee, so that there shall at all times be a Trustee hereunder.

     Section 3.04 Provisions as to Paying Agent. If the Company shall appoint a paying agent other
than the Trustee, or if the Trustee shall appoint such a paying agent, the Company will cause such
paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree
with the Trustee, subject to the provisions of this Section 3.04:

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

     (2) that it will give the Trustee notice in writing of any failure by the Company (or
by any other obligor on the Securities) to make any payment of the principal of and premium,
if any, or Interest on the Securities when the same shall be due and payable; and

     (3) 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, at least one Business Day prior to each due date of the principal of,
premium, if any, or Interest on the Securities, 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,
premium, if any, or Interest, and (unless such paying agent is the Trustee) the Company will
promptly notify the Trustee in writing of any failure to take such action; provided that such
deposit shall be received by the paying agent no later than 10:00 a.m. New York City time, one
Business Day prior to such payment due date.

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

     (b) Anything in this Section 3.04 to the contrary notwithstanding, the Company may, at any
time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other
reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or any paying
agent hereunder as required by this Section 3.04, 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.

     (c) Anything in this Section 3.04 to the contrary notwithstanding, the agreement to hold sums
in trust as provided in this Section 3.04 is subject to Sections 11.03 and 11.04.

     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.

     Section 3.05 Existence. Subject to Article 10, the Company will do or cause to be done all
things necessary to preserve and keep in full force and effect its existence and rights (charter
and statutory); provided that the Company shall not be required to preserve any such right if the
Company shall determine that the preservation thereof is no longer desirable in the conduct of

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the
business of the Company and that the loss thereof is not disadvantageous in any material respect to
the Securityholders.

     Section 3.06 Payment of Taxes and Other Claims. The Company will pay or discharge, or cause
to be paid or discharged, before the same may become delinquent, (i) all taxes, assessments and
governmental charges levied or imposed upon the Company or any Material Subsidiary or upon the
income, profits or property of the Company or any Material Subsidiary, (ii) all claims for labor,
materials and supplies which, if unpaid, might by law become a lien or charge upon the property of
the Company or any Material Subsidiary and (iii) all stamp taxes and other duties, if any, which
may be imposed by the United States or any political subdivision thereof or therein in connection
with the issuance, transfer, exchange, conversion, redemption or repurchase of any Securities or
with respect to this Indenture other than pursuant to Section 2.06; provided that, in the case of
clauses (i) and (ii), the Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim (A) if the failure to do so will not, in the
aggregate, have a material adverse impact on the Company and its Subsidiaries, taken as a whole, or
(B) if the amount, applicability or validity is being contested in good faith by appropriate
proceedings.

     Section 3.07 Rule 144A Information Requirement. Within the period prior to the date that is
one year after the last original issue date of the Securities, the Company shall, during any period
in which it is not subject to Section 13 or 15(d) under the Exchange Act, make available to any
holder or beneficial holder of Securities or any Common Stock issued upon conversion thereof which
continue to be Restricted Securities in connection with any sale thereof and any prospective
purchaser of Securities or such Common Stock designated by such holder or beneficial holder, the
information required pursuant to Rule 144A(d)(4) under the Securities Act upon the request of any
holder or beneficial holder of the Securities or such Common Stock and it will take such further
action as any holder or beneficial holder of such Securities or such Common Stock may reasonably
request, all to the extent required from time to time to enable such holder or beneficial holder to
sell its Securities or Common Stock without registration under the Securities Act within the
limitation of the exemption provided by Rule 144A, as such Rule may be amended from time to time.
Upon the request of any holder or any beneficial holder of the Securities or such Common Stock, the
Company will deliver to such holder a written statement as to whether it has complied with such
requirements.

     Section 3.08 Stay, Extension and Usury Laws. The Company (to the extent that it may lawfully
do so) 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, premium, if any, or
Interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter
in force, or which may affect the covenants or the performance of this Indenture and the Company
(to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such
law, and covenants that it will not, by resort to any such law, hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted.

     Section 3.09 Compliance Certificate. 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’

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Certificate, stating whether or not to the best knowledge of the signer thereof the Company is in
default in the performance and observance of any of the terms, provisions and conditions of this
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 will deliver to the Trustee, forthwith upon becoming aware of (i) any default in
the performance or observance of any covenant, agreement or condition contained in this Indenture,
or (ii) any Event of Default, an Officers’ Certificate specifying with particularity such default
or Event of Default and further stating what action the Company has taken, is taking or proposes to
take with respect thereto.

     Any notice required to be given under this Section 3.09 shall be delivered to a Responsible
Officer of the Trustee at its Corporate Trust Office.

     Section 3.10 Additional Interest Notice. If the Company is required to pay Additional
Interest to holders of Securities pursuant to the Registration Rights Agreement, the Company shall
deliver to the Trustee an Officers’ Certificate to that effect stating (i) the amount of such
Additional Interest that is payable, (ii) the reason why such Additional Interest is payable and
(iii) the date on which such Additional Interest is payable. Unless and until a Responsible
Officer of the Trustee receives such an Officers’ Certificate, the Trustee may assume without
inquiry that no Additional Interest is payable. If the Company has paid Additional Interest to the
persons entitled to such amounts, the Company shall deliver to the Trustee an Officers’ Certificate
setting forth the particulars of such payment.

     Section 3.11 Reports

     (a) The Company covenants that any information, documents and reports that the Company may be
required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, shall be
filed with the Trustee within five (5) days after the same is filed with the Commission; provided
that the Company shall be deemed to have filed such reports with the Trustee and the
Securityholders if the Company has filed such reports with the Commission via the EDGAR filing
system (or any successor thereto) and such reports are publicly available and it has notified the
Trustee in writing (which notice may be in the form of an email) of such filing and provided the
Trustee with either a hard copy or electronic link to such filing within five (5) days of the date
of such filing. The Company also shall comply with the provisions of the Trust Indenture Act
Section 314(a).

     (b) 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 and Agents are to
rely exclusively on Officers’ Certificates).

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ARTICLE 4

Securityholders’ Lists and Reports 

by the Company and the Trustee

     Section 4.01 Securityholders’ Lists. The Company will furnish or cause to be furnished to the
Trustee, semiannually, not more than fifteen (15) days after each April 1 or October 1 in each year
beginning with April 1, 2010, and at such other times as the Trustee may request in writing, within
thirty (30) days after receipt by the Company of any such request (or such lesser time as the
Trustee may reasonably request in order to enable it to timely provide any notice to be provided by
it hereunder), a list in such form as the Trustee may reasonably require of the names and addresses
of the holders of Securities as of a date not more than fifteen (15) days (or such other date as
the Trustee may reasonably request in order to so provide any such notices) prior to the time such
information is furnished, except that no such list need be furnished by the Company to the Trustee
so long as the Trustee is acting as the sole Security Registrar.

     Section 4.02 Preservation and Disclosure of Lists. The Trustee shall preserve, in as current
a form as is reasonably practicable, all information as to the names and addresses of the holders
of Securities contained in the most recent list furnished to it as provided in Section 4.01 or
maintained by the Trustee in its capacity as Security Registrar or co-registrar in respect of the
Securities, if so acting. The Trustee may destroy any list furnished to it as provided in Section
4.01 upon receipt of a new list so furnished.

     (a) The rights of Securityholders to communicate with other holders of Securities with respect
to their rights under this Indenture or under the Securities, and the corresponding rights and
duties of the Trustee, shall be as provided by the Trust Indenture Act.

     (b) Every Securityholder, by receiving and holding the same, agrees with the Company and the
Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held
accountable by reason of any disclosure of information as to names and addresses of holders of
Securities made pursuant to the Trust Indenture Act.

     Section 4.03 Reports by Trustee. Within sixty (60) days after May 15 of each year commencing
with the May 15 following the date of this Indenture and for so long as any Securities remain
outstanding, the Trustee shall transmit to holders of Securities such reports dated as of May 15 of
the year in which such reports are made concerning the Trustee and its actions under this Indenture
as may be required pursuant to the Trust Indenture Act at the times and in the manner provided
pursuant thereto. In the event that no events have occurred under the applicable sections of the
Trust Indenture Act the Trustee shall be under no duty or obligation to provide such reports. If
required by Trust Indenture Act Section 313, the Trustee also shall comply with Trust Indenture Act
Sections 313(b)(2) and (c).

     A copy of such report shall, at the time of such transmission to holders of Securities, be
filed by the Trustee with each stock exchange and automated quotation system upon which the
Securities are listed and with the Commission. The Company will promptly notify the Trustee in
writing when the Securities are listed on any stock exchange or automated quotation system or
delisted therefrom.

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     Section 4.04 Reports by Company. The Company shall file with the Trustee (and the Commission
if at any time after the Indenture becomes qualified under the Trust Indenture Act), and transmit
to holders of Securities, such information, documents and other reports and such summaries thereof,
as may be required pursuant to the Trust Indenture Act at the times and in the manner provided
pursuant thereto, whether or not the Securities are governed by the Trust Indenture Act; provided
that any such information, documents or reports required to be filed with the Commission pursuant
to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within five (5) days
after the same is so filed with the Commission; provided, further, that the Company shall be deemed
to have filed such reports for purposes of this Section 4.04 with the Trustee and the
Securityholders if the Company has filed such reports with the Commission via the EDGAR filing
system (or any successor thereto) and such reports are publicly available and it has notified the
Trustee in writing (which writing may be in the form of an email) of such filing and provided the
trustee with either a hard copy or electronic link to such filing within five (5) days of the date
of such filing. 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
shall rely exclusively on an Officers’ Certificate).

ARTICLE 5

Remedies of the Trustee and Securityholders 

on an Event of Default

     Section 5.01 Events of Default. If one or more of the following Events of Default (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) shall have occurred and be
continuing:

     (a) default in the payment of any installment of Interest, including any Additional Interest,
upon any of the Securities as and when the same shall become due and payable, and continuance of
such default for a period of thirty (30) days; or

     (b) default in the payment of the principal of or premium, if any, on any of the Securities as
and when the same shall become due and payable either at maturity or in connection with any
redemption or repurchase, by acceleration or otherwise, upon declaration or otherwise; or

     (c) default in the Company’s obligation to provide a Fundamental Change Notice upon a
Fundamental Change as provided in Section 14.05(a); or

     (d) failure on the part of the Company duly to observe or perform any other of the covenants
or agreements on the part of the Company in the Securities or in this Indenture (other than a
covenant or agreement a default in whose performance or whose breach is elsewhere in this Section
5.01 specifically dealt with) continued for a period of sixty (60) days after the date on which
written notice of such failure, requiring the Company to remedy the same, shall have been given to
the Company by the Trustee, or the Company and a Responsible Officer of the

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Trustee by the holders of at least twenty-five percent (25%) in aggregate principal amount of
the Securities at the time outstanding determined in accordance with Section 7.04; or

     (e) failure by the Company or any of its Material Subsidiaries to make any payment of the
principal or interest on any mortgage, agreement or other instrument under which there may be
outstanding, or by which there may be secured or evidenced, any debt for money borrowed in excess
of $10,000,000 (or its equivalent in any other currency or currencies) in the aggregate of the
Company and/or any such Material Subsidiary, whether such debt now exists or shall hereafter be
created, resulting in such debt becoming or being declared due and payable, and such acceleration
shall not have been rescinded or annulled within thirty (30) days after written notice of such
acceleration has been received by the Company or such Material Subsidiary or such debt shall not
have been annulled by being discharged within such thirty (30) day period; or

     (f) failure by the Company to comply with its obligations to deliver Common Stock, cash or a
combination of cash and Common Stock upon conversion of the Securities within the time period
specified in Section 15.02; or

     (g) the Company or any of its Material Subsidiaries shall commence a voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to the Company or such
Material Subsidiary or its or their debts under any bankruptcy, insolvency or other similar law now
or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or
other similar official of the Company or such Material Subsidiary or any substantial part of the
property of the Company or such Material Subsidiary, or shall consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case or other proceeding
commenced against the Company or such Material Subsidiary, or shall make a general assignment for
the benefit of creditors, or shall fail generally to pay its or their debts as they become due; or

     (h) an involuntary case or other proceeding shall be commenced against the Company or any of
its Material Subsidiaries seeking liquidation, reorganization or other relief with respect to the
Company or such Material Subsidiary or its or their debts under any bankruptcy, insolvency or other
similar law now or hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of the Company or such Material Subsidiary or any
substantial part of the property of the Company or such Material Subsidiary, and such involuntary
case or other proceeding shall remain undismissed and unstayed for a period of sixty (60)
consecutive days;

then, and in each and every such case (other than an Event of Default specified in Section 5.01(g)
or 5.01(h) with respect to the Company), unless the principal of all of the Securities shall have
already become due and payable, either the Trustee or the holders of not less than twenty-five
percent (25%) in aggregate principal amount of the Securities then outstanding hereunder determined
in accordance with Section 7.04, by notice in writing to the Company (and to the Trustee if given
by Securityholders), may declare the principal of and premium, if any, on all the Securities and
the Interest accrued thereon to be due and payable immediately, and upon any such declaration the
same shall become and shall be immediately due and payable, anything in this Indenture or in the
Securities contained to the contrary

25

 

notwithstanding. If an Event of Default specified in Section 5.01(g) or 5.01(h) occurs with respect to the Company, the principal
of all the Securities and the Interest accrued thereon shall be immediately and automatically due
and payable without necessity of further action. This provision, however, is subject to the
conditions that if, at any time after the principal of the Securities shall have been so declared
due and payable, and before any judgment or decree for the payment of the monies due shall have
been obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the
Trustee a sum sufficient to pay all matured installments of Interest upon all Securities and the
principal of and premium, if any, on any and all Securities which shall have become due otherwise
than by acceleration (with interest on overdue installments of Interest (to the extent that payment
of such interest is enforceable under applicable law) and on such principal and premium, if any, at
the rate borne by the Securities, to the date of such payment or deposit) and amounts due to the
Trustee pursuant to Section 6.06, and if any and all defaults under this Indenture, other than the
nonpayment of principal of and premium, if any, and accrued Interest on Securities which shall have
become due by acceleration, shall have been cured or waived pursuant to Section 5.07, then and in
every such case the holders of a majority in aggregate principal amount of the Securities then
outstanding, by written notice to the Company and to the Trustee, may waive all defaults or Events
of Default and rescind and annul such declaration and its consequences; but no such waiver or
rescission and annulment shall extend to or shall affect any subsequent default or Event of
Default, or shall impair any right consequent thereon.

     In case the Trustee shall have proceeded to enforce any right under this Indenture and such
proceedings shall have been discontinued or abandoned because of such waiver or rescission and
annulment or for any other reason or shall have been determined adversely to the Trustee, then and
in every such case the Company, the holders of Securities, and the Trustee shall be restored
respectively to their several positions and rights hereunder, and all rights, remedies and powers
of the Company, the holders of Securities, and the Trustee shall continue as though no such
proceeding had been taken.

     Section 5.02 Payments of Securities on Default; Suit Therefor. The Company covenants that in
case default shall be made in the payment of (a) any installment of Interest upon any of the
Securities as and when the same shall become due and payable, and such default shall have continued
for a period of thirty (30) days, or (b) the payment of the principal of or premium, if any, on any
of the Securities as and when the same shall have become due and payable, whether at maturity of
the Securities or in connection with any redemption or repurchase, by or under this Indenture, by
declaration (subject to Section 5.01) or otherwise, then, upon demand of the Trustee, the Company
will pay to the Trustee, for the benefit of the holders of the Securities, the whole amount that
then shall have become due and payable on all such Securities for principal and premium, if any, or
Interest, as the case may be, with interest upon the overdue principal and premium, if any, and (to
the extent that payment of such interest is enforceable under applicable law) upon the overdue
installments of Interest at the rate set forth in the Securities for overdue payments of principal
and Interest and, in addition thereto, such further amount as shall be sufficient to cover the
costs and expenses of collection, including reasonable compensation to the Trustee, its agents,
attorneys and counsel, and all other amounts due the Trustee under Section 6.06. Until such demand
by the Trustee, the Company may pay the principal of and premium, if any, and Interest on the
Securities to the registered holders, whether or not the Securities are overdue.

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     If the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its
own name and as trustee of an express trust, shall be entitled and empowered to institute any
actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and
may prosecute any such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor on the Securities and collect in
the manner provided by law out of the property of the Company or any other obligor on the
Securities wherever situated the monies adjudged or decreed to be payable.

     If there shall be pending proceedings for the bankruptcy or for the reorganization of the
Company or any other obligor on the Securities under Title 11 of the United States Code, or any
other applicable law, or in case a receiver, assignee or trustee in bankruptcy or reorganization,
liquidator, sequestrator or similar official shall have been appointed for or taken possession of
the Company or such other obligor, the property of the Company or such other obligor, or in the
case of any other judicial proceedings relative to the Company or such other obligor upon the
Securities, or to the creditors or property of the Company or such other obligor, the Trustee,
irrespective of whether the principal of the Securities shall then be due and payable as therein
expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made
any demand pursuant to the provisions of this Section 5.02, shall be entitled and empowered, by
intervention in such proceedings or otherwise, to file and prove a claim or claims for the whole
amount of principal, premium, if any, and Interest owing and unpaid in respect of the Securities,
and, in case of any judicial proceedings, to file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the Trustee and of the
Securityholders allowed in such judicial proceedings relative to the Company or any other obligor
on the Securities, its or their creditors, or its or their property, and to collect and receive any
monies or other property payable or deliverable on any such claims, and to distribute the same
after the deduction of any amounts due the Trustee under Section 6.06, and to take any other action
with respect to such claims, including participating as a member of any official committee of
creditors, as it reasonably deems necessary or advisable, and, unless prohibited by law or
applicable regulations, any receiver, assignee or trustee in bankruptcy or reorganization,
liquidator, custodian or similar official is hereby authorized by each of the Securityholders to
make such payments to the Trustee, and, if the Trustee shall consent to the making of such payments
directly to the Securityholders, to first pay to the Trustee any amount due it for reasonable
compensation, expenses, advances and disbursements, including counsel fees and expenses incurred by
it up to the date of such distribution. To the extent that such payment of reasonable
compensation, expenses, advances and disbursements out of the estate in any such proceedings shall
be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out
of, any and all distributions, dividends, monies, securities and other property which the holders
of the Securities may be entitled to receive in such proceedings, whether in liquidation or under
any plan of reorganization or arrangement or otherwise.

     All rights of action and of asserting claims under this Indenture, or under any of the
Securities, may be enforced by the Trustee without the possession of any of the Securities, or the
production thereof at any trial or other proceeding relative thereto, and any such suit or
proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for
the ratable benefit of the holders of the Securities.

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     In any proceedings brought by the Trustee (and in any proceedings involving the interpretation
of any provision of this Indenture to which the Trustee shall be a party) the Trustee shall be held
to represent all the holders of the Securities, and it shall not be necessary to make any holders
of the Securities parties to any such proceedings.

     Section 5.03 Application of Monies Collected By Trustee. Any monies collected by the Trustee
pursuant to this Article 5 shall be applied in the order following, at the date or dates fixed by
the Trustee for the distribution of such monies, upon presentation of the several Securities, and
stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid:

     FIRST: To the payment of all amounts due the Trustee under Section 6.06;

     SECOND: In case the principal of the outstanding Securities shall not have become due and be
unpaid, to the payment of Interest on the Securities in default in the order of the maturity of the
installments of such Interest, with interest (to the extent that such interest has been collected
by the Trustee) upon the overdue installments of Interest at the rate borne by the Securities, such
payments to be made ratably to the Persons entitled thereto;

     THIRD: In case the principal of the outstanding Securities shall have become due, by
declaration or otherwise, and be unpaid to the payment of the whole amount then owing and unpaid
upon the Securities for principal and premium, if any, and Interest, with interest on the overdue
principal and premium, if any, and (to the extent that such interest has been collected by the
Trustee) upon overdue installments of interest at the rate borne by the Securities, and in case
such monies shall be insufficient to pay in full the whole amounts so due and unpaid upon the
Securities, then to the payment of such principal and premium, if any, and interest without
preference or priority of principal and premium, if any, over interest, or of interest over
principal and premium, if any, or of any installment of interest over any other installment of
Interest, or of any Security over any other Security, ratably to the aggregate of such principal
and premium, if any, and accrued and unpaid Interest; and

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

     Section 5.04 Proceedings by Securityholders. No holder of any Security shall have any right
by virtue of or by reference to any provision of this Indenture to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Indenture, or for the
appointment of a receiver, trustee, liquidator, custodian or other similar official, or for any
other remedy hereunder, unless such holder previously shall have given to the Trustee written
notice of an Event of Default and of the continuance thereof, as hereinbefore provided, and unless
also the holders of not less than twenty-five percent (25%) in aggregate principal amount of the
Securities then outstanding shall have made written request upon the Trustee to institute such
action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the
Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee for sixty (60) days after its
receipt of such notice, request and offer of indemnity, shall have neglected or refused to
institute any such action, suit or proceeding and no direction inconsistent with such written
request shall have been

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given to the Trustee pursuant to Section 5.07; it being understood and intended, and being
expressly covenanted by the taker and holder of every Security with every other taker and holder
and the Trustee, that no one or more holders of Securities shall have any right in any manner
whatever by virtue of or by reference to any provision of this Indenture to affect, disturb or
prejudice the rights of any other holder of Securities, or to obtain or seek to obtain priority
over or preference to any other such holder, or to enforce any right under this Indenture, except
in the manner herein provided and for the equal, ratable and common benefit of all holders of
Securities (except as otherwise provided herein). For the protection and enforcement of this
Section 5.04, each and every Securityholder and the Trustee shall be entitled to such relief as can
be given either at law or in equity.

     Notwithstanding any other provision of this Indenture and any provision of any Security, the
right of any holder of any Security to receive payment of the principal of and premium, if any
(including the redemption price upon redemption pursuant to Article 14), and accrued Interest on
such Security, on or after the respective due dates expressed in such Security or in the event of
redemption, or to institute suit for the enforcement of any such payment on or after such
respective dates against the Company shall not be impaired or affected without the consent of such
holder.

     Anything in this Indenture or the Securities to the contrary notwithstanding, the holder of
any Security, without the consent of either the Trustee or the holder of any other Security, in its
own behalf and for its own benefit, may enforce, and may institute and maintain any proceeding
suitable to enforce, its rights of conversion as provided herein.

     Section 5.05 Proceedings by Trustee. If an Event of Default has occurred and is continuing,
the Trustee may, in its discretion, proceed to protect and enforce the rights vested in it by this
Indenture by such appropriate judicial or other proceedings as are necessary to protect and enforce
any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or
otherwise, whether for the specific enforcement of any covenant or agreement contained in this
Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other
legal or equitable right vested in the Trustee by this Indenture or by law.

     Section 5.06 Remedies Cumulative and Continuing. Except as provided in Section 2.06, all
powers and remedies given by this Article 5 to the Trustee or to the Securityholders shall, to the
extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other
powers and remedies available to the Trustee or the holders of the Securities, by judicial
proceedings or otherwise, to enforce the performance or observance of the covenants and agreements
contained in this Indenture, and no delay or omission of the Trustee or of any holder of any of the
Securities to exercise any right or power accruing upon any default or Event of Default occurring
and continuing as aforesaid shall impair any such right or power, or shall be construed to be a
waiver of any such default or any acquiescence therein, and, subject to the provisions of Section
5.04, every power and remedy given by this Article 5 or by law to the Trustee or to the
Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by
the Trustee or by the Securityholders.

     Section 5.07 Direction of Proceedings and Waiver of Defaults by Majority of Securityholders.
The holders of a majority in aggregate principal amount of the Securities at the

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time outstanding determined in accordance with Section 7.04 shall have the right to direct in
writing 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 (a) such written
direction shall not be in conflict with any rule of law or with this Indenture, (b) the Trustee may
take any other action which is not inconsistent with such written direction, (c) the Trustee may
decline to take any action that (i) would benefit some Securityholder to the detriment of other
Securityholders; or (ii) for which the Trustee has not received indemnity satisfactory to it, and
(d) the Trustee may decline to take any action that would involve the Trustee in personal
liability. The holders of a majority in aggregate principal amount of the Securities at the time
outstanding determined in accordance with Section 7.04 may, on behalf of the holders of all of the
Securities, waive any past default or Event of Default hereunder and its consequences except (i) a
default in the payment of Interest or premium, if any, on, or the principal of, the Securities,
(ii) a failure by the Company to convert any Securities into Common Stock, cash or a combination of
cash and Common Stock, (iii) a default in the payment of the redemption price pursuant to Article
14, (iv) a default in the payment of any repurchase price pursuant to Article 14 or (v) a default
in respect of a covenant or provisions hereof which under Article 9 cannot be modified or amended
without the consent of the holders of each or all Securities then outstanding or affected thereby.
Upon any such waiver, the Company, the Trustee and the holders of the Securities shall be restored
to their former positions and rights hereunder; but no such waiver shall extend to any subsequent
or other default or Event of Default or impair any right consequent thereon. Whenever any default
or Event of Default hereunder shall have been waived as permitted by this Section 5.07, said
default or Event of Default shall for all purposes of the Securities and this Indenture be deemed
to have been cured and to be not continuing; but no such waiver shall extend to any subsequent or
other default or Event of Default or impair any right consequent thereon.

     Section 5.08 Notice of Defaults. The Trustee shall, within ninety (90) days after a default
occurs and is known to a Responsible Officer of the Trustee, mail to all Securityholders, as the
names and addresses of such holders appear upon the Security Register, notice of all defaults known
to a Responsible Officer, unless such defaults shall have been cured or waived before the giving of
such notice; provided that except in the case of default in the payment of the principal of, or
premium, if any, or Interest on any of the Securities, the Trustee shall be protected in
withholding such notice if and so long as a committee of Responsible Officers of the Trustee in
good faith determines that the withholding of such notice is in the interests of the
Securityholders.

     Section 5.09 Undertaking to Pay Costs. All parties to this Indenture agree, and each holder
of any Security by his acceptance thereof shall be deemed to have agreed, that any court may, in
its discretion, require, in any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the
filing by any party litigant in such suit of an undertaking to pay the costs of such suit and that
such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in such suit, having due regard to the merits and good faith
of the claims or defenses made by such party litigant; provided that the provisions of this Section
5.09 (to the extent permitted by law) shall not apply to any suit instituted by the Trustee, to any
suit instituted by any Securityholder, or group of Securityholders, holding in the aggregate more
than ten percent (10%) in principal amount of the Securities at the time outstanding determined

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in accordance with Section 7.04, or to any suit instituted by any Securityholder for the
enforcement of the payment of the principal of or premium, if any, or Interest on any Security on
or after the due date expressed in such Security or to any suit for the enforcement of the right to
convert any Security in accordance with the provisions of Article 15.

ARTICLE 6

The Trustee

     Section 6.01 Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of
an Event of Default and after the curing of all Events of Default which may have occurred,
undertakes to perform such duties and only such duties as are specifically set forth in this
Indenture. In case an Event of Default has occurred (which has not been cured or waived), the
Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the
same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his own affairs.

     No provision of this Indenture shall be construed to relieve the Trustee from liability for
its own negligent action, its own negligent failure to act or its own willful misconduct, except
that:

     (a) prior to the occurrence of an Event of Default and after the curing or waiving of all
Events of Default which may have occurred:

     (i) the duties and obligations of the Trustee shall be determined solely by the
express provisions of this Indenture and the Trust Indenture Act, and the Trustee shall
not be liable except for the performance of such duties and obligations as are
specifically set forth in this Indenture and no implied covenants or obligations shall be
read into this Indenture and the Trust Indenture Act against the Trustee; and

     (ii) in the absence of bad faith and willful misconduct on the part of the Trustee,
the Trustee may conclusively rely as to the truth of the statements and the correctness of
the opinions expressed therein, upon any certificates or opinions furnished to the Trustee
and conforming to the requirements of this Indenture; but, in the case of any such
certificates or opinions which by any provisions hereof are specifically required to be
furnished to the Trustee, the Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirements of this Indenture;

     (b) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer or Officers of the Trustee, unless the Trustee was negligent in ascertaining
the pertinent facts;

     (c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by
it in good faith in accordance with the written direction of the holders of not less than a
majority in principal amount of the Securities at the time outstanding determined as provided in
Section 7.04 relating to the time, method and place of conducting any proceeding for any remedy

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available to the Trustee, or exercising any trust or power conferred upon the Trustee, under
this Indenture;

     (d) whether or not therein provided, every provision of this Indenture relating to the conduct
or affecting the liability of, or affording protection to, the Trustee shall be subject to the
provisions of this Section 6.01;

     (e) the Trustee shall not be liable in respect of any payment (as to the correctness of
amount, entitlement to receive or any other matters relating to payment) or notice effected by the
Company or any paying agent or any records maintained by any co-registrar with respect to the
Securities;

     (f) if any party fails to deliver a notice relating to an event the fact of which, pursuant to
this Indenture, requires notice to be sent to the Trustee, the Trustee may conclusively rely on its
failure to receive such notice as reason to act as if no such event occurred;

     (g) the Trustee shall not be deemed to have knowledge of any Event of Default hereunder unless
it shall have been notified in writing, which shall include a reference to this Indenture, of such
Event of Default by the Company or the holders of at least ten percent (10%) in aggregate principal
amount of the Securities;

     (h) the Trustee shall not be liable if prevented or delayed in performing any of its duties by
reason of any present or future law applicable to it, by any governmental or regulatory authority
or by any circumstances beyond its control; and

     (i) under no circumstances will the Trustee be liable to the Company or any other party to
this Indenture for any consequential loss (being loss of business, goodwill, opportunity or profit)
or any special or punitive damages of any kind whatsoever; in each case however caused or arising
and whether or not foreseeable, even if advised of the possibility of such loss or damage.

     None of the provisions contained in this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur personal financial liability in the performance of any of its
duties or in the exercise of any of its rights or powers, if there is reasonable ground for
believing that the repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it.

     Section 6.02 Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section
6.01:

     (a) the Trustee may conclusively rely and shall be protected in acting or refraining from
acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, order, bond, Security, note, coupon or other paper or document (whether in its original or
facsimile form) believed by it in good faith to be genuine and to have been signed or presented by
the proper party or parties;

     (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be

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herein specifically prescribed); and any resolution of the Board of Directors may be evidenced
to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the
Company;

     (c) the Trustee may consult with counsel of its own selection and any advice or Opinion of
Counsel shall be full and complete authorization and protection in respect of any action taken or
omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel;

     (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request, order or direction of any of the Securityholders pursuant to
the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee
security or indemnity reasonably satisfactory to the Trustee against the costs, expenses and
liabilities which may be incurred therein or thereby;

     (e) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, Security or other paper or document, but the Trustee may make such further
inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee in its
discretion shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney at the
sole reasonable cost of the Company and shall incur no liability or additional liability of any
kind by reason of such inquiry or investigation;

     (f) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed by it
with due care hereunder;

     (g) the Trustee shall not be liable for any action taken, suffered or omitted to be taken by
it in good faith and reasonably believed by it to be authorized or within the discretion or rights
or powers conferred upon it by this Indenture;

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

     (i) the Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and their titles and specimen signatures of officers authorized at such
time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be
signed by any person authorized to sign an Officers’ Certificate, including any person specified as
so authorized in any such certificate previously delivered and not superseded;

     (j) any permissive right or authority granted to the Trustee shall not be construed as a
mandatory duty; and

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     (k) the Trustee shall not be required to give any bond or surety in respect of the performance
of its powers and duties hereunder.

     Section 6.03 No Responsibility for Recitals, Etc. The recitals contained herein and in the
Securities (except in the Trustee’s certificate of authentication) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the correctness of the same. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the
Securities. The Trustee shall not be accountable for the use or application by the Company of any
Securities or the proceeds of any Securities authenticated and delivered by the Trustee in
conformity with the provisions of this Indenture.

     Section 6.04 Trustee, Paying Agents, Conversion Agents or Registrar May Own Securities. The
Trustee, any paying agent, any conversion agent or Security Registrar, in its individual or any
other capacity, may become the owner or pledgee of Securities with the same rights it would have if
it were not Trustee, paying agent, conversion agent or Security Registrar.

     Section 6.05 Monies to Be Held in Trust. Subject to the provisions of Section 11.04, all
monies and properties received by the Trustee shall, until used or applied as herein provided, be
held in trust for the purposes for which they were received. Money held by the Trustee in trust
hereunder need not be segregated from other funds except to the extent required by law. The
Trustee shall be under no liability for interest on any money received by it hereunder except as
may be agreed in writing from time to time by the Company and the Trustee.

     Section 6.06 Compensation and Expenses of Trustee; Indemnity for Trustee. The Company
covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to,
such compensation for all services rendered by it hereunder in any capacity (which shall not be
limited by any provision of law in regard to the compensation of a trustee of an express trust) as
mutually agreed to from time to time in writing between the Company and the Trustee in writing, and
the Company will pay or reimburse the Trustee upon its request for all expenses, disbursements and
advances properly incurred or made by the Trustee in accordance with any of the provisions of this
Indenture (including the compensation and the expenses and disbursements of its counsel and of all
Persons not regularly in its employ) except any such expense, disbursement or advance as may arise
from its negligence, willful misconduct or bad faith. The Company also covenants to indemnify the
Trustee and any predecessor Trustee (or any officer, director or employee of the Trustee), in any
capacity under this Indenture and its agents and any authenticating agent or by anyone appointed by
it or to whom any of its functions may be delegated by it in the carrying out of its functions in
the fulfillment of its obligations under this Indenture, for, and to hold them harmless against,
any and all loss, liability, damage, claim or expense including taxes (other than taxes based on
the income of the Trustee) incurred without negligence, willful misconduct or bad faith on the part
of the Trustee or such officers, directors, employees and agent or authenticating agent, as the
case may be, and arising out of or in connection with the acceptance or administration of this
trust or in any other capacity hereunder, including the costs and expenses of defending themselves
against any claim (whether asserted by the Company, any holder or any other Person) of liability in
connection with the exercise or performance of any of its or their powers or duties. The
obligations of the Company under this Section 6.06 to compensate or indemnify the Trustee and to
pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a lien
prior to that of the

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Securities upon all property and funds held or collected by the Trustee as such, except funds
held in trust for the benefit of the holders of particular Securities. The obligation of the
Company under this Section shall survive the satisfaction and discharge of this Indenture and the
resignation and/or removal of the Trustee in any capacity hereunder.

     When the Trustee and its agents and any authenticating agent incur expenses or render services
after an Event of Default specified in Section 5.01(g) or (h) with respect to the Company occurs,
the expenses and the compensation for the services are intended to constitute expenses of
administration under any bankruptcy, insolvency or similar laws.

     Section 6.07 Officers’ Certificate as Evidence. Except as otherwise provided in Section 6.01,
whenever in the administration of the provisions of this Indenture the Trustee shall deem it
necessary or desirable that a matter be proved or established prior to taking, suffering or
omitting any action hereunder, such matter (unless other evidence in respect thereof be herein
specifically prescribed) may, in the absence of bad faith or willful misconduct on the part of the
Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered
to the Trustee.

     Section 6.08 Conflicting Interests of Trustee. If the Trustee has or shall acquire a
conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall (i) eliminate
such interest within 90 days after ascertaining that it has such conflicting interest, (ii) apply
to the Commission for permission to continue as trustee or (iii) resign, in each case to the extent
and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this
Indenture.

     Section 6.09 Eligibility of Trustee. There shall at all times be a Trustee hereunder which
shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a
combined capital and surplus of at least $50,000,000 (or if such Person is a member of a bank
holding company system, its bank holding company shall have a combined capital and surplus of at
least $50,000,000). If such Person publishes reports of condition at least annually, pursuant to
law or to the requirements of any supervising or examining authority, then for the purposes of this
Section the combined capital and surplus of such Person shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section 6.09, it shall
resign immediately in the manner and with the effect hereinafter specified in this Article 6.

     Section 6.10 Resignation or Removal of Trustee.

     (a) The Trustee may at any time resign by giving written notice of such resignation to the
Company and to the holders of Securities. Upon receiving such notice of resignation, the Company
shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order
of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee
and one copy to the successor trustee. If no successor trustee shall have been so appointed and
have accepted appointment sixty (60) days after the mailing of such notice of resignation to the
Securityholders, the resigning Trustee may, upon ten (10) Business Days’ notice to the Company and
the Securityholders, appoint a successor identified in such notice or may petition, at the expense
of the Company, any court of competent jurisdiction for the

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appointment of a successor trustee, or, if any Securityholder who has been a bona fide holder
of a Security or Securities for at least six (6) months may, subject to the provisions of Section
5.09, on behalf of himself and all others similarly situated, petition any such court for the
appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may
deem proper and prescribe, appoint a successor trustee.

     (b) In case at any time any of the following shall occur:

     (i) the Trustee shall fail to comply with Section 6.08 after written request therefor
by the Company or by any Securityholder who has been a bona fide holder of a Security or
Securities for at least six (6) months; or

     (ii) the Trustee shall cease to be eligible in accordance with the provisions of
Section 6.09 and shall fail to resign after written request therefor by the Company or by
any such Securityholder; or

     (iii) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any
public officer shall take charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation;

then, in any such case, the Company may remove the Trustee and appoint a successor trustee by
written instrument, in duplicate, executed by order of the Board of Directors, one copy of which
instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or,
subject to the provisions of Section 5.09, any Securityholder who has been a bona fide holder of a
Security or Securities for at least six (6) months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and
the appointment of a successor trustee; provided that if no successor Trustee shall have been
appointed and have accepted appointment sixty (60) days after either the Company or the
Securityholders has removed the Trustee, or the Trustee resigns, the Trustee so removed may
petition, at the expense of the Company, any court of competent jurisdiction for an appointment of
a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper
and prescribe, remove the Trustee and appoint a successor trustee.

     (c) The holders of a majority in aggregate principal amount of the Securities at the time
outstanding may at any time remove the Trustee and nominate a successor trustee which shall be
deemed appointed as successor trustee unless, within ten (10) days after notice to the Company of
such nomination, the Company objects thereto, in which case the Trustee so removed or any
Securityholder, or if such Trustee so removed or any Securityholder fails to act, the Company, upon
the terms and conditions and otherwise as provided in Section 6.10(a), may petition any court of
competent jurisdiction for an appointment of a successor trustee.

     (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant
to any of the provisions of this Section 6.10 shall become effective upon acceptance of appointment
by the successor trustee as provided in Section 6.11.

     (e) Notwithstanding the replacement of the Trustee pursuant to this Section 6.10, the
Company’s obligations under Section 6.06 shall continue for the benefit of the retiring Trustee.

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     Section 6.11 Acceptance by Successor Trustee. Any successor trustee appointed as provided in
Section 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee
an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the
predecessor trustee shall become effective and such successor trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its
predecessor hereunder, with like effect as if originally named as trustee herein; but,
nevertheless, on the written request of the Company or of the successor trustee, the trustee
ceasing to act shall, upon payment of any amount then due it pursuant to the provisions of Section
6.06, execute and deliver an instrument transferring to such successor trustee all the rights and
powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Company
shall execute any and all instruments in writing for more fully and certainly vesting in and
confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall,
nevertheless, retain a lien upon all property and funds held or collected by such trustee as such,
except for funds held in trust for the benefit of holders of particular Securities, to secure any
amounts then due it pursuant to the provisions of Section 6.06.

     No successor trustee shall accept appointment as provided in this Section 6.11 unless, at the
time of such acceptance, such successor trustee shall be qualified under the provisions of Section
6.08 and be eligible under the provisions of Section 6.09.

     Upon acceptance of appointment by a successor trustee as provided in this Section 6.11, the
Company shall mail or cause to be mailed notice of the succession of such trustee hereunder to the
holders of Securities at their addresses as they shall appear on the Security Register. If the
Company fails to mail such notice within ten (10) days after acceptance of appointment by the
successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the
Company.

     Section 6.12 Succession by Merger. Any corporation into which the Trustee may be merged or
converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to
all or substantially all of the corporate trust business of the Trustee (including any trust
created by this Indenture), shall be the successor to the Trustee hereunder without the execution
or filing of any paper or any further act on the part of any of the parties hereto, provided that
in the case of any corporation succeeding to all or substantially all of the corporate trust
business of the Trustee, such corporation shall be qualified under the provisions of Section 6.08
and eligible under the provisions of Section 6.09.

     In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture, any of the Securities shall have been authenticated but not delivered, any such
successor to the Trustee may adopt the certificate of authentication of any predecessor trustee or
authenticating agent appointed by such predecessor trustee, and deliver such Securities so
authenticated; and in case at that time any of the Securities shall not have been authenticated,
any successor to the Trustee or any authenticating agent appointed by such successor trustee may
authenticate such Securities in the name of the successor trustee; and in all such cases such
certificates shall have the full force that is provided in the Securities or in this Indenture;
provided that the right to adopt the certificate of authentication of any predecessor Trustee or

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authenticate Securities in the name of any predecessor Trustee shall apply only to its
successor or successors by merger, conversion or consolidation.

     Section 6.13 Preferential Collection of Claims. If and when the Trustee shall be or become a
creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to
the provisions of the Trust Indenture Act regarding the collection of the claims against the
Company (or any such other obligor).

     Section 6.14 Trustee’s Application for Instructions from the Company. Any application by the
Trustee for written instructions from the Company (other than with regard to any action proposed to
be taken or omitted to be taken by the Trustee that affects the rights of the holders of the
Securities under this Indenture) may, at the option of the Trustee, set forth in writing any action
proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after
which such action shall be taken or such omission shall be effective. The Trustee shall not be
liable for any action taken by, or omission of, the Trustee in accordance with a proposal included
in such application on or after the date specified in such application (which date shall not be
less than three (3) Business Days after the date any officer of the Company actually receives such
application, unless any such officer shall have consented in writing to any earlier date) unless
prior to taking any such action (or the effective date in the case of an omission), the Trustee
shall have received written instructions in response to such application specifying the action to
be taken or omitted.

     Section 6.15 Force Majeure. In no event shall the Trustee be responsible or liable for any failure
or delay in the performance of its obligations hereunder arising out of or caused by, directly or
indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

ARTICLE 7

The Securityholders

     Section 7.01 Action by Securityholders. Whenever in this Indenture it is provided that the
holders of a specified percentage in aggregate principal amount of the Securities may take any
action (including the making of any demand or request, the giving of any notice, consent or waiver
or the taking of any other action), the fact that at the time of taking any such action, the
holders of such specified percentage have joined therein may be evidenced (a) by any instrument or
any number of instruments of similar tenor executed by Securityholders in person or by agent or
proxy appointed in writing, or (b) by the record of the holders of Securities voting in favor
thereof at any meeting of Securityholders duly called and held in accordance with the provisions of
Article 8, or (c) by a combination of such instrument or instruments and any such record of such a
meeting of Securityholders. Whenever the Company or the Trustee solicits the taking of any action
by the holders of the Securities, the Company or the Trustee may fix in advance of such
solicitation, a date as the record date for determining holders entitled to take such action.

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The record date shall be not more than fifteen (15) days prior to the date of commencement of
solicitation of such action.

     Section 7.02 Proof of Execution by Securityholders. Subject to the provisions of Sections
6.01, 6.02 and 8.05, proof of the execution of any instrument by a Securityholder or its agent or
proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may
be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The
holding of Securities shall be proved by the registry of such Securities or by a certificate of the
Security Registrar.

     The record of any Securityholders’ meeting shall be proved in the manner provided in Section
8.06.

     Section 7.03 Who are Deemed Absolute Owners. The Company, the Trustee, any paying agent, any
conversion agent and any Security Registrar may deem the Person in whose name such Security shall
be registered upon the Security Register to be, and may treat it as, the absolute owner of such
Security (whether or not such Security shall be overdue and notwithstanding any notation of
ownership or other writing thereon made by any Person other than the Company or any Security
Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if
any, and Interest on such Security, for conversion of such Security and for all other purposes; and
neither the Company nor the Trustee nor any paying agent nor any conversion agent nor any Security
Registrar shall be affected by any notice to the contrary. All such payments so made to any holder
for the time being, or upon his order, shall be valid, and, to the extent of the sum or sums so
paid, effectual to satisfy and discharge the liability for monies payable upon any such Security.

     Section 7.04 Company-owned Securities Disregarded. In determining whether the holders of the
requisite aggregate principal amount of Securities have concurred in any direction, consent, waiver
or other action under this Indenture, Securities which are owned by the Company or any other
obligor on the Securities or any Affiliate of the Company or any other obligor on the Securities
shall be disregarded and deemed not to be outstanding for the purpose of any such determination;
provided that for the purposes of determining whether the Trustee shall be protected in relying on
any such direction, consent, waiver or other action, only Securities which a Responsible Officer
knows are so owned shall be so disregarded. Securities so owned which have been pledged in good
faith may be regarded as outstanding for the purposes of this Section 7.04 if the pledgee shall
establish to the satisfaction of the Trustee the pledgee’s right to vote such Securities and that
the pledgee is not the Company, any other obligor on the Securities or any Affiliate of the Company
or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee
taken upon the advice of counsel shall be full protection to the Trustee. Upon request of the
Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and
identifying all Securities, if any, known by the Company to be owned or held by or for the account
of any of the above described Persons, and, subject to Section 6.01, the Trustee shall accept such
Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that
all Securities not listed therein are outstanding for the purpose of any such determination.

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     Section 7.05 Revocation of Consents; Future Holders Bound. At any time prior to (but not
after) the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by
the holders of the percentage in aggregate principal amount of the Securities specified in this
Indenture in connection with such action, any holder of a Security which is shown by the evidence
to be included in the Securities the holders of which have consented to such action may, by filing
written notice with the Trustee at its Corporate Trust Office and upon proof of holding as provided
in Section 7.02, revoke such action so far as concerns such Security. Except as aforesaid, any
such action taken by the holder of any Security shall be conclusive and binding upon such holder
and upon all future holders and owners of such Security and of any Securities issued in exchange or
substitution therefor, irrespective of whether any notation in regard thereto is made upon such
Security or any Security issued in exchange or substitution therefor.

ARTICLE 8

Meetings of Securityholders

     Section 8.01 Purpose of Meetings. A meeting of Securityholders may be called at any time and
from time to time pursuant to the provisions of this Article 8 for any of the following purposes:

     (1) to give any notice to the Company or to the Trustee or to give any directions to the
Trustee permitted under this Indenture, or to consent to the waiving of any default or Event of
Default hereunder and its consequences, or to take any other action authorized to be taken by
Securityholders pursuant to any of the provisions of Article 5;

     (2) to remove the Trustee and nominate a successor trustee pursuant to the provisions of
Article 6;

     (3) to consent to the execution of an indenture or indentures supplemental hereto pursuant to
the provisions of Section 9.02; or

     (4) to take any other action authorized to be taken by or on behalf of the holders of any
specified aggregate principal amount of the Securities under any other provision of this Indenture
or under applicable law.

     Section 8.02 Call of Meetings by Trustee. The Trustee may at any time call a meeting of
Securityholders at the expense of the Company to take any action specified in Section 8.01, to be
held at such time and at such place as the Trustee shall determine. Notice of every meeting of the
Securityholders, setting forth the time and the place of such meeting and in general terms the
action proposed to be taken at such meeting and the establishment of any record date pursuant to
Section 7.01, shall be mailed to holders of Securities at their addresses as they shall appear on
the Security Register. Such notice shall also be mailed to the Company. Such notices shall be
mailed not less than twenty (20) nor more than ninety (90) days prior to the date fixed for the
meeting.

     Any meeting of Securityholders shall be valid without notice if the holders of all Securities
then outstanding are present in person or by proxy or if notice is waived before or after the
meeting by the holders of all Securities outstanding, and if the Company and the Trustee are

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either present by duly authorized representatives or have, before or after the meeting, waived
notice.

     Section 8.03 Call of Meetings by Company or Securityholders. In case at any time the Company,
pursuant to a resolution of its Board of Directors, or the holders of at least ten percent (10%) in
aggregate principal amount of the Securities then outstanding, shall have requested the Trustee to
call a meeting of Securityholders, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such
meeting within twenty (20) days after receipt of such request, then the Company or such
Securityholders may determine the time and the place for such meeting and may call such meeting to
take any action authorized in Section 8.01, by mailing notice thereof as provided in Section 8.02.

     Section 8.04 Qualifications for Voting. To be entitled to vote at any meeting of
Securityholders a Person shall (a) be a holder of one or more Securities on the record date
pertaining to such meeting or (b) be a Person appointed by an instrument in writing as proxy by a
holder of one or more Securities on the record date pertaining to such meeting. The only Persons
who shall be entitled to be present or to speak at any meeting of Securityholders shall be the
Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee
and its counsel and any representatives of the Company and its counsel.

     Section 8.05 Regulations. Notwithstanding any other provisions of this Indenture, the Trustee
may make such reasonable regulations as it may deem advisable for any meeting of Securityholders,
in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to
the appointment and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters concerning the conduct
of the meeting as it shall think fit.

     The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting,
unless the meeting shall have been called by the Company or by Securityholders as provided in
Section 8.03, in which case the Company or the Securityholders calling the meeting, as the case may
be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by vote of the holders of a majority in principal amount
of the Securities represented at the meeting and entitled to vote at the meeting.

     Subject to the provisions of Section 7.04, at any meeting each Securityholder or proxyholder
shall be entitled to one vote for each $1,000 principal amount of Securities held or represented by
him; provided that no vote shall be cast or counted at any meeting in respect of any Security
challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding. The
chairman of the meeting shall have no right to vote other than by virtue of Securities held by him
or instruments in writing as aforesaid duly designating him as the proxy to vote on behalf of other
Securityholders. Any meeting of Securityholders duly called pursuant to the provisions of Section
8.02 or 8.03 may be adjourned from time to time by the holders of a majority of the aggregate
principal amount of Securities represented at the meeting, whether or not constituting a quorum,
and the meeting may be held as so adjourned without further notice. For purposes of this
Indenture, “quorum” shall mean at a meeting of Securityholders, one or

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more Persons present in person holding or representing in the aggregate not less than fifty
percent (50%) in aggregate principal amount of the Securities then outstanding.

     Section 8.06 Voting. The vote upon any resolution submitted to any meeting of Securityholders
shall be by written ballot on which shall be subscribed the signatures of the holders of Securities
or of their representatives by proxy and the outstanding principal amount of the Securities held or
represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes
who shall count all votes cast at the meeting for or against any resolution and who shall make and
file with the secretary of the meeting their verified written reports in duplicate of all votes
cast at the meeting. A record in duplicate of the proceedings of each meeting of Securityholders
shall be prepared by the secretary of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by
one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting
and showing that said notice was mailed as provided in Section 8.02. The record shall show the
principal amount of the Securities voting in favor of or against any resolution. The record shall
be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and
one of the duplicates shall be delivered to the Company and the other to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.

     Any record so signed and verified shall be conclusive evidence of the matters therein stated.

     Section 8.07 No Delay of Rights by Meeting. Nothing contained in this Article 8 shall be
deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders
or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay
in the exercise of any right or rights conferred upon or reserved to the Trustee or to the
Securityholders under any of the provisions of this Indenture or of the Securities.

ARTICLE 9

Supplemental Indentures

     Section 9.01 Supplemental Indentures Without Consent of Securityholders. The Company, when
authorized by the resolutions of the Board of Directors, and the Trustee may, from time to time,
and at any time enter into an indenture or indentures supplemental hereto for one or more of the
following purposes:

     (a) make provision with respect to the conversion rights of the holders of Securities pursuant
to the requirements of Section 15.07 and the repurchase obligations of the Company pursuant to the
requirements of Section 14.05;

     (b) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the
Securities, any property or assets or to add any guarantees with respect to the Securities;

     (c) to evidence the succession of another Person to the Company, or successive successions,
and the assumption by the successor Person of the covenants, agreements and obligations of the
Company pursuant to Article 10;

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     (d) to add to the covenants of the Company such further covenants, restrictions or conditions
as the Board of Directors and the Trustee shall consider to be for the benefit of the holders of
Securities, and to make the occurrence, or the occurrence and continuance, of a default in any such
additional covenants, restrictions or conditions a default or an Event of Default permitting the
enforcement of all or any of the several remedies provided in this Indenture as herein set forth;
provided that in respect of any such additional covenant, restriction or condition, such
supplemental indenture may provide for a particular period of grace after default (which period may
be shorter or longer than that allowed in the case of other defaults) or may provide for an
immediate enforcement upon such default or may limit the remedies available to the Trustee upon
such default;

     (e) to surrender any right or power conferred upon the Company by this Indenture;

     (f) to provide for the issuance under this Indenture of Securities in coupon form (including
Securities registrable as to principal only) and to provide for exchangeability of such Securities
with the Securities issued hereunder in fully registered form and to make all appropriate changes
for such purpose;

     (g) to cure any ambiguity or omission or to correct or supplement any provision contained
herein or in any supplemental indenture that may be defective or inconsistent with any other
provision contained herein or in any supplemental indenture, or to make such other provisions in
regard to matters or questions arising under this Indenture, in each case that shall not materially
adversely affect the interests of the holders of the Securities;

     (h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities;

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

     (j) make any change that does not materially adversely affect the rights of any holder of the
Securities, provided that any amendment made solely to conform the provisions of this Indenture or
the Securities to the description of the notes in the related offering memorandum will not be
deemed to materially adversely affect the rights of any holder.

     Upon the written request of the Company, accompanied by a copy of the resolutions of the Board
of Directors certified by its Secretary or any Assistant Secretary authorizing the execution of any
supplemental indenture, the Trustee is hereby authorized to join with the Company in the execution
of any such supplemental indenture, to make any further appropriate agreements and stipulations
that may be therein contained and to accept the conveyance, transfer and assignment of any property
thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any
supplemental indenture that affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise.

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     Any supplemental indenture authorized by the provisions of this Section 9.01 may be executed
by the Company and the Trustee without the consent of the holders of any of the Securities at the
time outstanding, notwithstanding any of the provisions of Section 9.02.

     Notwithstanding any other provision of this Indenture or the Securities, the Registration
Rights Agreement and the obligation to pay Additional Interest thereunder may be amended, modified
or waived only in accordance with the provisions of the Registration Rights Agreement.

     Section 9.02 Supplemental Indenture with Consent of Securityholders. With the consent
(evidenced as provided in Article 7) of the holders of at least a majority in aggregate principal
amount of the Securities at the time outstanding, the Company, when authorized by the resolutions
of the Board of Directors, and the Trustee may, from time to time and at any time, enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture
or of modifying in any manner the rights of the holders of the Securities; provided that no such
supplemental indenture shall (i) extend the fixed maturity of any Security; or reduce the rate or
extend the time of payment of Interest thereon, or reduce the principal amount thereof or premium,
if any, thereon, or reduce any amount payable on redemption or repurchase thereof, or change the
obligation of the Company to make an offer to purchase any Security upon the happening of a
Fundamental Change or upon a Redemption Date in a manner adverse to the holders of Securities, or
impair the right of any Securityholder to receive payment of principal of and Interest on such
Holder’s Securities on or after the due dates therefor or to institute suit for the enforcement of
any payment thereof, or make the principal thereof or Interest or premium, if any, thereon payable
in any coin or currency other than that provided in the Securities, or impair the right to convert
the Securities into Common Stock, cash or a combination of cash and Common Stock or reduce the
number of shares of Common Stock or amount of cash or any other property receivable by a
Securityholder upon conversion subject to the terms set forth herein, including Section 15.06 and
Section 15.07, in each case, without the consent of the holder of each Security so affected, or
(ii) modify any of the provisions of this Section 9.02 or Section 5.07, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or
waived without the consent of the holder of each Security so affected, or change any obligation of
the Company to maintain an office or agency in the places and for the purposes set forth in Section
3.02, or reduce the quorum or voting requirements set forth in Article 8 or reduce the aforesaid
percentage of Securities, the holders of which are required to consent to any such supplemental
indenture, without the consent of the holders of all Securities then outstanding.

     Notwithstanding the foregoing, with the consent of holders of at least 50.1% in aggregate
principal amount of the Securities then outstanding, the Company and the Trustee may amend this
Indenture to permit settlement upon conversion of the Securities in cash or a combination of cash
and Common Stock as described in Section 15.03. The Trustee shall be held harmless and shall have
no liability with respect to the foregoing.

     Upon the written request of the Company, accompanied by a copy of the resolutions of the Board
of Directors certified by its Secretary or any Assistant Secretary authorizing the execution of any
such supplemental indenture, and upon the filing with the Trustee of evidence

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of the consent of Securityholders as aforesaid, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may
in its discretion, but shall not be obligated to, enter into such supplemental indenture.

     It shall not be necessary for the consent of the Securityholders under this Section 9.02 to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if
such consent shall approve the substance thereof.

     Section 9.03 Effect of Supplemental Indenture. Any supplemental indenture executed pursuant
to the provisions of this Article 9 shall comply with the Trust Indenture Act, as then in effect,
provided that this Section 9.03 shall not require such supplemental indenture or the Trustee to be
qualified under the Trust Indenture Act prior to the time such qualification is in fact required
under the terms of the Trust Indenture Act or this Indenture has been qualified under the Trust
Indenture Act, nor shall it constitute any admission or acknowledgment by any party to such
supplemental indenture that any such qualification is required prior to the time such qualification
is in fact required under the terms of the Trust Indenture Act or this Indenture has been qualified
under the Trust Indenture Act. Upon the execution of any supplemental indenture pursuant to the
provisions of this Article 9, this Indenture shall be and be deemed to be modified and amended in
accordance therewith and the respective rights, limitation of rights, obligations, duties and
immunities under this Indenture of the Trustee, the Company and the holders of Securities shall
thereafter be determined, exercised and enforced hereunder, subject in all respects to such
modifications and amendments and all the terms and conditions of any such supplemental indenture
shall be and be deemed to be part of the terms and conditions of this Indenture for any and all
purposes.

     Section 9.04 Notation on Securities. Securities authenticated and delivered after the
execution of any supplemental indenture pursuant to the provisions of this Article 9 may bear a
notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company or the Trustee shall so determine, new Securities so modified as to
conform, in the opinion of the Trustee and the Board of Directors, to any modification of this
Indenture contained in any such supplemental indenture may, at the Company’s expense, be prepared
and executed by the Company, authenticated by the Trustee (or an authenticating agent duly
appointed by the Trustee pursuant to Section 13.11) and delivered in exchange for the Securities
then outstanding, upon surrender of such Securities then outstanding.

     Section 9.05 Evidence of Compliance of Supplemental Indenture to be Furnished to Trustee.
Prior to entering into any supplemental indenture, the Trustee shall be provided with an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture
executed pursuant hereto complies with the requirements of this Article 9 and is otherwise
authorized or permitted by this Indenture.

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ARTICLE 10

Consolidation, Merger, Sale, Conveyance and Lease

     Section 10.01 Company May Consolidate on Certain Terms. Subject to the provisions of Section
10.02, the Company shall not consolidate with or merge with or into any other Person or Persons
(whether or not affiliated with the Company), nor shall the Company or its successor or successors
be a party or parties to successive consolidations or mergers, nor shall the Company sell, convey,
transfer or lease all or substantially all of the property and assets of the Company to any other
Person (whether or not affiliated with the Company), unless: (i) the resulting, surviving or
transferee Person is a Person organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia or the laws of Canada or any province or
territory thereof; (ii) upon any such consolidation, merger, sale, conveyance, transfer or lease,
the due and punctual payment of the principal of and premium, if any, and Interest on all of the
Securities, according to their tenor and the due and punctual performance and observance of all of
the covenants and conditions of this Indenture to be performed by the Company, shall be expressly
assumed, by supplemental indenture satisfactory in form and substance to the Trustee, executed and
delivered to the Trustee by the Person (if other than the Company) formed by such consolidation, or
into which the Company shall have been merged, or by the Person that shall have acquired or leased
such property, and such supplemental indenture shall provide for the applicable conversion rights
set forth in Section 15.07; and (iii) immediately after giving effect to the transaction described
above, no Event of Default, and no event which, after notice or lapse of time or both, would become
an Event of Default, shall have happened and be continuing.

     Section 10.02 Successor to be Substituted. In case of any such consolidation, merger, sale,
conveyance, transfer or lease and upon the assumption by the successor Person, by supplemental
indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the
due and punctual payment of the principal of and premium, if any, and Interest on all of the
Securities and the due and punctual performance of all of the covenants and conditions of this
Indenture to be performed by the Company, such successor Person shall succeed to and be substituted
for the Company, with the same effect as if it had been named herein as the party of this first
part. Such successor Person thereupon may cause to be signed, and may issue either in its own name
or in the name of the Company any or all of the Securities, issuable hereunder that theretofore
shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such
successor Person instead of the Company and subject to all the terms, conditions and limitations in
this Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be
authenticated and delivered, any Securities that previously shall have been signed and delivered by
the officers of the Company to the Trustee for authentication, and any Securities that such
successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose.
All the Securities so issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this
Indenture as though all of such Securities had been issued at the date of the execution hereof. In
the event of any such consolidation, merger, sale, conveyance, transfer or lease, the Person named
as the “Company” in the first paragraph of this Indenture or any successor that shall thereafter
have become such in the manner prescribed in this Article 10 may be dissolved, wound up and
liquidated at any time thereafter and such Person shall be released from its liabilities as obligor
and maker of the Securities and from its obligations under this Indenture.

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     In case of any such consolidation, merger, sale, conveyance, transfer or lease, such changes
in phraseology and form (but not in substance) may be made in the Securities thereafter to be
issued as may be appropriate.

     Section 10.03 Officers’ Certificate and Opinion of Counsel to be Given to Trustee. The
Trustee shall receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence
that any such consolidation, merger, sale, conveyance, transfer or lease and any such assumption
complies with the provisions of this Article 10.

ARTICLE 11

Satisfaction and Discharge of Indenture

     Section 11.01 Discharge of Indenture. When (a) the Company shall deliver to the Trustee for
cancellation all Securities theretofore authenticated (other than any Securities that have been
destroyed, lost or stolen and in lieu of or in substitution for which other Securities shall have
been authenticated and delivered in each case pursuant to Section 2.06) and not theretofore
canceled, or (b) all the Securities 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, cash sufficient to pay at maturity or upon redemption of all of the Securities
(other than any Securities that shall have been mutilated, destroyed, lost or stolen and in lieu of
or in substitution for which other Securities shall have been authenticated and delivered) not
theretofore canceled or delivered to the Trustee for cancellation, including principal and premium,
if any, and Interest 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 a
nationally recognized firm of independent certified accountants 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 Indenture shall cease to be of further effect (except
as to (i) remaining rights of registration of transfer, substitution and exchange and conversion of
Securities, (ii) rights hereunder of Securityholders to receive payments of principal of and
premium, if any, and Interest on, the Securities and the other rights, duties and obligations of
Securityholders, 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 Company accompanied by an Officers’ Certificate and an Opinion of
Counsel as required by Section 13.05 and at the cost and expense of the Company, shall execute
proper instruments acknowledging satisfaction of and discharging this Indenture; the Company,
however, hereby agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and
properly incurred by the Trustee and to compensate the Trustee for any services thereafter
reasonably and properly rendered by the Trustee in connection with this Indenture or the
Securities.

     Section 11.02 Deposited Monies to be Held in Trust by Trustee. Subject to Section 11.04, all
monies deposited with the Trustee pursuant to Section 11.01, shall be held in trust for the sole
benefit of the Securityholders, 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 Securities for the payment or redemption of which

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such monies have been deposited with the Trustee, of all sums due and to become due thereon
for principal and Interest and premium, if any.

     Section 11.03 Paying Agent to Repay Monies Held. Upon the satisfaction and discharge of this
Indenture, all monies then held by any paying agent of the Securities (other than the Trustee)
shall, upon written request of the Company, be repaid to it or paid to the Trustee, and thereupon
such paying agent shall be released from all further liability with respect to such monies.

     Section 11.04 Return of Unclaimed Monies. Subject to the requirements of applicable law, any
monies deposited with or paid to the Trustee for payment of the principal of, premium, if any, or
Interest on Securities and not applied but remaining unclaimed by the holders of Securities for two
years after the date upon which the principal of, premium, if any, or Interest on such Securities,
as the case may be, shall have become due and payable, shall be repaid to the Company by the
Trustee on written demand and all liability of the Trustee shall thereupon cease with respect to
such monies; and the holder of any of the Securities 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 11.05 Reinstatement. If the Trustee or the paying agent is unable to apply any money
in accordance with Section 11.02 by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, the Company’s
obligations under this Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to Section 11.01 until such time as the Trustee or the paying agent
is permitted to apply all such money in accordance with Section 11.02; provided that if the Company
makes any payment of Interest on or principal of any Security 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.

ARTICLE 12

Immunity of Incorporators, Stockholders, 

Officers and Directors

     Section 12.01 Indenture and Securities Solely Corporate Obligations. No recourse for the
payment of the principal of or premium, if any, or Interest on any Security, or for any claim based
thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or
agreement of the Company in this Indenture or in any supplemental indenture or in any Security, or
because of the creation of any indebtedness represented thereby, shall be had against any
incorporator, stockholder, employee, agent, officer, director or subsidiary, as such, past, present
or future, of the Company or of any successor corporation, either directly or through the Company
or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by
the enforcement of any assessment or penalty or otherwise; it being expressly understood that all
such liability is hereby expressly waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issue of the Securities.

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ARTICLE 13

General Provisions

     Section 13.01 Provisions Binding on Company’s Successors. All the covenants, stipulations,
promises and agreements by the Company contained in this Indenture shall bind its successors and
assigns whether so expressed or not.

     Section 13.02 Official Acts by Successor Corporation. Any act or proceeding by any provision
of this Indenture authorized or required to be done or performed by any board, committee or officer
of the Company shall and may be done and performed with like force and effect by the like board,
committee or officer of any Person that shall at the time be the lawful sole successor of the
Company.

     Section 13.03 Addresses for Notices, Etc. Any notice or demand which by any provision of this
Indenture is required or permitted to be given or served by the Trustee or by the holders of
Securities on the Company shall be deemed to have been sufficiently given or made, for all
purposes, if given or served by being deposited postage prepaid by registered or certified mail in
a post office letter box, or sent by express overnight air courier for next day delivery or sent by
telecopier transmission addressed as follows: to Finisar Corporation, 1389 Moffett Park Drive,
Sunnyvale, CA 94089-1134, Fax No.: (408) 541-4154, Attention: Chief Financial Officer. Any notice,
direction, request or demand hereunder to or upon the Trustee shall be deemed to have been
sufficiently given or made, for all purposes, if given or served by being deposited, postage
prepaid, by registered or certified mail in a post office letter box or sent by telecopier
transmission addressed as follows: Wells Fargo Bank, N.A., 45 Broadway, 14th Floor, New
York, NY 10006, Fax No.: (212) 515-1589, Attention: Corporate Trust Administration.

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

     Any notice or communication mailed to a Securityholder shall be mailed to him by first class
mail, postage prepaid, or sent by express overnight air courier for next day delivery at his
address as it appears on the Security Register and shall be sufficiently given to him if so mailed
within the time prescribed.

     Failure to mail a notice or communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Securityholders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not the addressee receives it.

     Section 13.04 Governing Law. This Indenture and each Security shall be deemed to be a
contract made under the laws of the State of New York, and for all purposes shall be construed in
accordance with the laws of the State of New York without regard to principles of conflicts of
laws.

     Section 13.05 Evidence of Compliance with Conditions Precedent, Certificates to Trustee. Upon
any application or demand by the Company to the Trustee to take any action under any of the
provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate
stating that all conditions precedent, if any, provided for in this Indenture

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relating to the proposed action have been complied with, and an Opinion of Counsel stating
that, in the opinion of such counsel, all such conditions precedent have been complied with.

     Each certificate or opinion provided for in this Indenture and delivered to the Trustee with
respect to compliance with a condition or covenant provided for in this Indenture shall comply with
the provisions of Section 314(e) of the Trust Indenture Act and shall include: (1) a statement that
the person making such certificate or opinion has read such covenant or condition; (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements
or opinions contained in such certificate or opinion are based; (3) a statement that, in the
opinion of such person, he has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such covenant or condition has been complied
with; and (4) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with.

     Section 13.06 Legal Holidays. In any case in which the date of maturity of Interest on or
principal of the Securities or the redemption date of any Security will not be a Business Day, then
payment of such Interest on or principal of the Securities need not be made on such date, but may
be made on the next succeeding Business Day with the same force and effect as if made on the date
of maturity or the redemption date, and no Interest shall accrue for the period from and after such
date.

     Section 13.07 Trust Indenture Act. This Indenture is hereby made subject to, and shall be
governed by, the provisions of the Trust Indenture Act required to be part of and to govern
indentures qualified under the Trust Indenture Act; provided that this Section 13.07 shall not
require this Indenture or the Trustee to be qualified under the Trust Indenture Act prior to the
time such qualification is in fact required under the terms of the Trust Indenture Act, nor shall
it constitute any admission or acknowledgment by any party to this Indenture that any such
qualification is required prior to the time such qualification is in fact required under the terms
of the Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with another
provision hereof which is required to be included in an indenture qualified under the Trust
Indenture Act, such required provision shall control. The following Trust Indenture Act terms have
the following meanings:

     “indenture securities” means the Securities.

     “indenture security holder” means a Securityholder or a holder.

     “indenture to be qualified” means this Indenture.

     “indenture trustee” or “institutional trustee” means the Trustee.

     “obligor” on the indenture securities means the Company and any other obligor on the indenture
securities.

     Section 13.08 No Security Interest Created. Nothing in this Indenture or in the Securities,
expressed or implied, shall be construed to constitute a security interest under the Uniform
Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any
jurisdiction in which property of the Company or its subsidiaries is located.

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     Section 13.09 Benefits of Indenture. Nothing in this Indenture or in the Securities, express
or implied, shall give to any Person, other than the parties hereto, any paying agent, any
authenticating agent, any Security Registrar and their successors hereunder and the holders of
Securities any benefit or any legal or equitable right, remedy or claim under this Indenture.

     Section 13.10 Table of Contents, Headings, Etc. The table of contents and the titles and
headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part hereof, and shall in no way modify or restrict any
of the terms or provisions hereof.

     Section 13.11 Authenticating Agent. The Trustee may appoint an authenticating agent that
shall be authorized to act on its behalf, and subject to its direction, in the authentication and
delivery of Securities in connection with the original issuance thereof and transfers and exchanges
of Securities hereunder, including under Sections 2.04, 2.05, 2.06, 2.07, 14.03 and Section 14.08,
as fully to all intents and purposes as though the authenticating agent had been expressly
authorized by this Indenture and those Sections to authenticate and deliver Securities. For all
purposes of this Indenture, the authentication and delivery of Securities by the authenticating
agent shall be deemed to be authentication and delivery of such Securities “by the Trustee” and a
certificate of authentication executed on behalf of the Trustee by an authenticating agent shall be
deemed to satisfy any requirement hereunder or in the Securities for the Trustee’s certificate of
authentication. Such authenticating agent shall at all times be a Person eligible to serve as
trustee hereunder pursuant to Section 6.09.

     Any corporation into which any authenticating agent may be merged or converted or with which
it may be consolidated, or any corporation resulting from any merger, consolidation or conversion
to which any authenticating agent shall be a party, or any corporation succeeding to the corporate
trust business of any authenticating agent, shall be the successor of the authenticating agent
hereunder, if such successor corporation is otherwise eligible under this Section 13.11, without
the execution or filing of any paper or any further act on the part of the parties hereto or the
authenticating agent or such successor corporation.

     Any authenticating agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time terminate the agency of any authenticating
agent by giving written notice of termination to such authenticating agent and to the Company.
Upon receiving such a notice of resignation or upon such a termination, or in case at any time any
authenticating agent shall cease to be eligible under this Section, the Trustee shall either
promptly appoint a successor authenticating agent or itself assume the duties and obligations of
the former authenticating agent under this Indenture and, upon such appointment of a successor
authenticating agent, if made, shall give written notice of such appointment of a successor
authenticating agent to the Company and shall mail notice of such appointment of a successor
authenticating agent to all holders of Securities as the names and addresses of such holders appear
on the Security Register.

     The Company agrees to pay to the authenticating agent from time to time such reasonable
compensation for its services as shall be agreed upon in writing between the Company and the
authenticating agent.

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     The provisions of Sections 6.02, 6.03, 6.04 and 7.03 and this Section 13.11 shall be
applicable to any authenticating agent.

     Section 13.12 Execution In Counterparts. This Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute
but one and the same instrument.

     Section 13.13 Severability. In case any provision in this Indenture or in the Securities
shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

     Section 13.14 U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with
Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in
order to help fight the funding of terrorism and money laundering, is required to obtain,
verify, and record information that identifies each person or legal entity that establishes
a relationship or opens an account with the Trustee. The parties to this Indenture agree
that they will provide the Trustee with such information as it may request in order for the
Trustee to satisfy the requirements of the U.S.A. Patriot Act.

     Section 13.15 Waiver of Right to Trial by Jury. EACH OF THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

ARTICLE 14

Redemption Of Securities

     Section 14.01 Redemption of Securities. At any time on or after October 22, 2014 and prior to
maturity, and subject to the proviso below, the Securities, in whole or in part, may be redeemed in
cash at the option of the Company, at any time and from time to time, upon notice as set forth in
Section 14.02, at a redemption price per security equal to one hundred percent (100%) of the
principal amount of the Security, together with accrued and unpaid Interest, if any, to, but
excluding, the date fixed for redemption if the Last Reported Sale Price of the Common Stock for at
least 20 Trading Days in a period of 30 consecutive Trading Days ending within five (5) Trading
Days immediately preceding the notice to holders is at least one hundred thirty percent (130%) of
the applicable Conversion Price in effect on such Trading Day; and provided that if the redemption
date falls after a record date and on or prior the corresponding interest payment date, then the
full amount of Interest payable on such interest payment date shall be paid to the holders of
record of such Securities on the applicable record date instead of the holders surrendering such
Securities for redemption on such date.

     Section 14.02 Notice of Optional Redemption; Selection of Securities. In case the Company
shall desire to exercise the right to redeem all or, as the case may be, any part of the Securities
pursuant to Section 14.01, it shall fix a date for redemption and it or, at its written request
received by the Trustee not fewer than forty-five (45) days prior (or such shorter period

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of time as may be acceptable to the Trustee) to the date fixed for redemption, the Trustee in
the name of and at the expense of the Company, shall mail or cause to be mailed a notice of such
redemption not fewer than twenty (20) nor more than sixty (60) days prior to the redemption date to
each holder of Securities so to be redeemed as a whole or in part at its last address as the same
appears on the Security Register; provided that if the Company shall give such notice, it shall
also give written notice of the redemption date to the Trustee. Such mailing shall be by first
class mail. The notice, if 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 to the holder of any Security designated for
redemption as a whole or in part shall not affect the validity of the proceedings for the
redemption of any other Security. Concurrently with the mailing of any such notice of redemption,
the Company shall issue a press release announcing such redemption, the form and content of which
press release shall be determined by the Company in its sole discretion. The failure to issue any
such press release or any defect therein shall not affect the validity of the redemption notice or
any of the proceedings for the redemption of any Security called for redemption.

     Each such notice of redemption shall specify the aggregate principal amount of Securities to
be redeemed, the CUSIP number or numbers of the Securities being redeemed, the date fixed for
redemption (which shall be a Business Day), the redemption price at which Securities are to be
redeemed, the place or places of payment, that payment will be made upon presentation and surrender
of such Securities, that Interest accrued to the date fixed for redemption will be paid as
specified in said notice, and that on and after said date Interest thereon or on the portion
thereof to be redeemed will cease to accrue. Such notice shall also state the current Conversion
Rate and Conversion Price and the date on which the right to convert such Securities or portions
thereof into Common Stock will expire. If fewer than all the Securities are to be redeemed, the
notice of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if
any). In case any Security is to be redeemed in part only, the notice of redemption shall state
the portion of the principal amount thereof to be redeemed and shall state that, on and after the
redemption date, upon surrender of such Security, a new Security or Securities in principal amount
equal to the unredeemed portion thereof will be issued.

     On or prior to the redemption date specified in the notice of redemption given as provided in
this Section 14.02, the Company will deposit with the Trustee or with one or more paying agents
(or, if the Company is acting as its own paying agent, set aside, segregate and hold in trust as
provided in Section 3.04) an amount of money in immediately available funds sufficient to redeem on
the redemption date all the Securities (or portions thereof) so called for redemption (other than
those theretofore surrendered for conversion into Common Stock) at the appropriate redemption
price, together with accrued Interest to, but excluding, the redemption date; provided that if such
payment is made on the redemption date it must be received by the Trustee or paying agent, as the
case may be, by 10:00 a.m. New York City time on such date. The Company shall be entitled to
retain any interest, yield or gain on amounts deposited with the Trustee or any paying agent
pursuant to this Section 14.02 in excess of amounts required hereunder to pay the redemption price
and accrued interest to, but excluding, the redemption date. If any Security called for redemption
is converted pursuant hereto prior to such redemption date, any money deposited with the Trustee or
any paying agent or so segregated and held in trust for the redemption of such Security shall be
paid to the Company upon its written request,

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or, if then held by the Company, shall be discharged from such trust. Whenever any Securities
are to be redeemed, the Company will give the Trustee written notice in the form of an Officers’
Certificate not fewer than forty-five (45) days (or such shorter period of time as may be
acceptable to the Trustee) prior to the redemption date as to the aggregate principal amount of
Securities to be redeemed.

     If less than all of the outstanding Securities are to be redeemed, the Trustee shall select
the Securities or portions thereof of the Global Security or the Securities in certificated form to
be redeemed (in principal amounts of $1,000 or integral multiples thereof) among the holders of the
Securities in compliance with the requirements of the principal national securities exchange, if
any, on which the Securities are listed or, if the Securities are not so listed, on a pro rata
basis, by lot or in accordance with any other method the Trustee deems fair and appropriate (and in
compliance with this Indenture and applicable legal requirements). If any Security selected for
partial redemption is submitted for conversion in part after such selection, the portion of such
Security submitted for conversion shall be deemed (so far as may be possible) to be the portion to
be selected for redemption. The Securities (or portions thereof) so selected shall be deemed duly
selected for redemption for all purposes hereof, notwithstanding that any such Security is
submitted for conversion in part before the mailing of the notice of redemption.

     Upon any redemption of less than all of the outstanding Securities, the Company and the
Trustee may (but need not), solely for purposes of determining the pro rata allocation among such
Securities as are unconverted and outstanding at the time of redemption, treat as outstanding any
Securities surrendered for conversion during the period of fifteen (15) days next preceding the
mailing of a notice of redemption and may (but need not) treat as outstanding any Security
authenticated and delivered during such period in exchange for the unconverted portion of any
Security converted in part during such period.

     Section 14.03 Payment of Securities Called For Redemption by the Company. If notice of
redemption has been given as provided in Section 14.02, the Securities or portion of Securities
with respect to which such notice has been given shall, unless converted into Common Stock pursuant
to the terms hereof, become due and payable on the date fixed for redemption and at the place or
places stated in such notice at the applicable redemption price, together with Interest accrued to
(but excluding) the redemption date, and on and after said date (unless the Company shall default
in the payment of such Securities at the redemption price, together with Interest accrued to said
date) Interest on the Securities or portion of Securities so called for redemption shall cease to
accrue and, after the close of business on the Business Day immediately preceding the redemption
date (unless the Company shall default in the payment of such Securities at the redemption price,
together with Interest accrued to said date) such Securities shall cease to be convertible into
Common Stock and, except as provided in Section 6.05 and Section 11.04, to be entitled to any
benefit or security under this Indenture, and the holders thereof shall have no right in respect of
such Securities except the right to receive the redemption price thereof and unpaid Interest to
(but excluding) the redemption date. On presentation and surrender of such Securities at a place of
payment in said notice specified, the said Securities or the specified portions thereof shall be
paid and redeemed by the Company at the applicable redemption price, together with Interest accrued
thereon to, but excluding, the redemption date; provided that if the redemption date falls after a
record date and on or prior the corresponding interest payment date, then the Interest payable on
such interest payment date shall be paid to the holders of record of such

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Securities on the applicable record date instead of the holders surrendering such Securities
for redemption on such date.

     Upon presentation of any Security redeemed in part only, the Company shall execute and the
Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of
the Company, a new Security or Securities, of authorized denominations, in principal amount equal
to the unredeemed portion of the Securities so presented.

     Notwithstanding the foregoing, the Trustee shall not redeem any Securities or mail any notice
of redemption (i) during the continuance of a default in payment of Interest or premium, if any, on
the Securities and (ii) if the principal amount of the Securities has been accelerated.

     Section 14.04 Conversion Arrangement on Call for Redemption. In connection with any
redemption of Securities, the Company may arrange for the purchase and conversion of any Securities
by an agreement with one or more investment banks or other purchasers to purchase such Securities
by paying to the Trustee in trust for the Securityholders, on or before the date fixed for
redemption, an amount not less than the applicable redemption price, together with Interest accrued
to, but excluding, the date fixed for redemption, of such Securities. Notwithstanding anything to
the contrary contained in this Article 14, the obligation of the Company to pay the redemption
price of such Securities, together with Interest accrued to, but excluding, the date fixed for
redemption, shall be deemed to be satisfied and discharged to the extent such amount is so paid by
such purchasers. If such an agreement is entered into, a copy of which will be filed with the
Trustee prior to the date fixed for redemption, any Securities not duly surrendered for conversion
by the holders thereof may, at the option of the Company, be deemed, to the fullest extent
permitted by law, acquired by such purchasers from such holders and (notwithstanding anything to
the contrary contained in Article 15) surrendered by such purchasers for conversion, all as of
immediately prior to the close of business on the date fixed for redemption (and the right to
convert any such Securities shall be extended through such time), subject to payment of the above
amount as aforesaid. At the written direction of the Company, the Trustee shall hold and dispose
of any such amount paid to it in the same manner as it would monies deposited with it by the
Company for the redemption of Securities. Without the Trustee’s prior written consent, no
arrangement between the Company and such purchasers for the purchase and conversion of any
Securities shall increase or otherwise affect any of the powers, duties, responsibilities or
obligations of the Trustee as set forth in this Indenture.

     Section 14.05 Redemption at Option of Securityholders upon a Fundamental Change.

     (a) If there shall occur a Fundamental Change at any time prior to maturity of the Securities,
then each Securityholder shall have the right, at such Securityholder’s option, to require the
Company to redeem any or all of such Securityholder’s Securities or any portion thereof that is an
integral multiple of $1,000 principal amount, on the date (the “Fundamental Change Redemption
Date”) specified by the Company that is not less than twenty (20) Business Days and not more than
thirty-five (35) Business Days after the date of the Fundamental Change Notice (as defined in
Section 14.05(b)) of such Fundamental Change at a redemption price equal to one hundred percent
(100%) of the principal amount thereof, together with accrued Interest to, but excluding, the
Fundamental Change Redemption Date; provided that
if such Fundamental Change Redemption Date falls after a record date and on or prior to the

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corresponding interest payment date, then the full amount of Interest payable on such interest
payment date shall be paid to the holders of record of the Securities on the applicable record date
instead of the holders surrendering the Securities for purchase on such Fundamental Change
Redemption Date. Redemptions of Securities under this Section 14.05 shall be made, at the option
of the holder thereof, upon:

     (i) delivery to the Trustee (or other paying agent appointed by the Company) by a
holder of a duly completed notice (the “Fundamental Change Redemption Right Notice”) in
the form set forth on the reverse of the Security prior to the close of business on the
Fundamental Change Redemption Date; and

     (ii) delivery or book-entry transfer of the Securities to the Trustee (or other
paying agent appointed by the Company) at any time after delivery of the Fundamental
Change Redemption Right Notice (together with all necessary endorsements) at the Corporate
Trust Office of the Trustee (or other paying agent appointed by the Company) in the
Borough of Manhattan as provided in Section 3.02 or at any other office of the paying
agent, such delivery being a condition to receipt by the holder of the purchase price
therefor; provided that such purchase price shall be so paid pursuant to this Section
14.05 only if the Security 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 Redemption Right Notice.

     The Company shall redeem from each holder thereof that exercises the right to redemption,
pursuant to this Section 14.05, a portion of a Security, if the principal amount of such portion is
$1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the
redemption of all of a Security also apply to the redemption of such portion of such Security.

     Any redemption by the Company contemplated pursuant to the provisions of this Section 14.05
shall be consummated by the delivery of the consideration to be received by the holder promptly
following the later of the Fundamental Change Redemption Date and the time of the book-entry
transfer or delivery of the Security.

     Notwithstanding anything herein to the contrary, any holder delivering to the Trustee (or
other paying agent appointed by the Company) the Fundamental Change Redemption Right Notice
contemplated by this Section 14.05 shall have the right to withdraw such Fundamental Change
Redemption Right Notice at any time prior to the close of business on the Fundamental Change
Redemption Date by delivery of a written notice of withdrawal to the Trustee (or other paying agent
appointed by the Company) in accordance with Section 14.05(c) 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 Redemption Right Notice or written notice of
withdrawal thereof.

     (b) On or before the 20th Business Day after the occurrence of a Fundamental
Change, the Company or at its written request (which must be received by the Trustee at least
five (5) Business Days prior to the date the Trustee is requested to give notice as described

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below, unless the Trustee shall agree in writing to a shorter period), the Trustee, in the name of
and at the expense of the Company, shall mail or cause to be mailed to all holders of record on the
date of the Fundamental Change a notice (the “Fundamental Change Notice”) of the occurrence of such
Fundamental Change and of the right at the option of the holders to require the Company to redeem
arising as a result thereof. Such mailing shall be by first class mail. If the Company shall give
such notice, the Company shall also deliver a copy of the Fundamental Change Notice to the Trustee
at such time as it is mailed to Securityholders. Concurrently with the mailing of any Fundamental
Change Notice, the Company shall publish a notice in a newspaper of general circulation in The City
of New York or on the Company’s website or through such other public medium as the Company may use
at such time announcing such Fundamental Change referred to in the Fundamental Change Notice, the
form and content of which notice shall contain substantially the same information as is required to
be included in the Fundamental Change Notice, as set forth in the following paragraph. The failure
to issue any such notice or any defect therein shall not affect the validity of the Fundamental
Change Notice or any proceedings for the redemption of any Security which any Securityholder may
elect to require the Company to redeem as provided in this Section 14.05.

     Each Fundamental Change Notice shall specify the circumstances constituting the Fundamental
Change, the Fundamental Change Redemption Date, the price at which the Company is offering to
redeem Securities, that the holder must elect to exercise the redemption right on or prior to the
close of business on the fifth Business Day prior to the Fundamental Change Redemption Date (the
“Fundamental Change Expiration Time”), that the holder shall have the right to withdraw any
Securities surrendered prior to the close of business on the Business Day prior to the Fundamental
Change Redemption Date, a description of the procedure which a Securityholder must follow to
exercise the redemption right and to withdraw any surrendered Securities, the place or places where
the holder is to surrender such holder’s Securities, the amount of Interest accrued on each
Security to the Fundamental Change Redemption Date and the CUSIP number or numbers of the
Securities (if then generally in use) and include a form of Fundamental Change Redemption Right
Notice.

     No failure of the Company to give the foregoing notices and no defect therein shall limit the
Securityholders’ rights to require the Company to redeem the Securities or affect the validity of
the proceedings for the redemption of the Securities pursuant to this Section 14.05.

     (c) A Fundamental Change Redemption Right Notice may be withdrawn by means of a written notice
of withdrawal delivered to the office of the Trustee (or other paying agent appointed by the
Company) in accordance with the Fundamental Change Redemption Right Notice at any time prior to the
close of business on the Business Day prior to the Fundamental Change Redemption Date, specifying:

     (i) the certificate number, if any, of the Security in respect of which such notice
of withdrawal is being submitted, or the appropriate Depositary information if the
Security in respect of which such notice of withdrawal is being submitted is represented
by a Global Security,

     (ii) the principal amount of the Security with respect to which such notice of
withdrawal is being submitted, and

57

 

     (iii) the principal amount, if any, of such Security that remains subject to the
original Fundamental Change Redemption Right Notice and that has been or will be delivered
for purchase by the Company.

     A written notice of withdrawal of a Fundamental Change Redemption Right Notice may be in the
form set forth in the preceding paragraph or may be in the form of a conditional withdrawal
contained in a Fundamental Change Redemption Right Notice pursuant to the terms of Section 14.05.

     (d) No later than 10:00 a.m. New York City time at least one Business Day prior to the
Fundamental Change Redemption Date, the Company will deposit with the Trustee (or other paying
agent appointed by the Company or if the Company is acting as its own paying agent, set aside,
segregate and hold in trust as provided in Section 3.04) an amount of money sufficient to purchase
on the Fundamental Change Redemption Date all the Securities to be purchased on such date at the
appropriate purchase price, together with accrued Interest to, but excluding, the Fundamental
Change Redemption Date. Subject to receipt of funds and/or Securities by the Trustee (or other
paying agent appointed by the Company), payment for Securities surrendered for purchase (and not
withdrawn) prior to the Fundamental Change Expiration Time will be made promptly (but in no event
more than five (5) Business Days) following the later of (x) the Fundamental Change Redemption Date
with respect to such Security (provided the holder has satisfied the conditions in this Section
14.05) and (y) the time of delivery of such Security to the Trustee (or other paying agent
appointed by the Company) by the holder thereof in the manner required by this Section 14.05) by
mailing checks for the amount payable to the holders of such Securities entitled thereto as they
shall appear in the Security Register.

     If the Trustee (or other paying agent appointed by the Company) holds money sufficient to
repurchase on the Fundamental Change Redemption Date all the Securities or portions thereof that
are to be purchased as of the Fundamental Change Redemption Date, then on or after the Fundamental
Change Redemption Date (i) the Securities will cease to be outstanding, (ii) Interest on the
Securities will cease to accrue, and (iii) all other rights of the holders of such Securities will
terminate, whether or not book-entry transfer of the Securities has been made or the Securities
have been delivered to the Trustee or paying agent, other than the right to receive the repurchase
price upon delivery of the Securities.

     Section 14.06 Securities Repurchased in Part. Upon presentation of any Security redeemed
pursuant to Section 14.05 or redeemed pursuant to Section 14.08, only in part, the Company shall
execute and the Trustee shall authenticate and make available for delivery to the holder thereof,
at the expense of the Company, a new Security or Securities, of any authorized denomination, in
aggregate principal amount equal to the unredeemed portion of the Securities presented.

     Section 14.07 Repayment to the Company. To the extent that the aggregate amount of cash or
money deposited by the Company pursuant to Section 14.05(d) or 14.08(e) exceeds the aggregate
redemption price of the Securities or portions thereof which the Company is obligated
to redeem as of the Fundamental Change Redemption Date or redeem as of the Redemption Date,
as applicable, then, unless otherwise agreed in writing with the Company, promptly after the Business
Day following the Fundamental Change Redemption Date or the Redemption Date,

58

 

as applicable, the
Trustee shall return any such excess to the Company together with interest, if any, thereon.

     Section 14.08 Redemption of Securities at Option of the Holder on Specified Dates.

     (a) Any holder may require the Company to redeem any outstanding Securities for cash on
October 15, 2014, October 15, 2016, October 15, 2019 and October 15, 2024 (each a “Redemption
Date”) at a redemption price per Security equal to one hundred percent (100%) of the aggregate
principal amount of the Security, together with any accrued and unpaid Interest, to but not
including the applicable Redemption Date (the “Redemption Price”); provided that if such Redemption
Date falls after a record date and on or prior to the corresponding interest payment date, then the
full amount of Interest payable on such interest payment date shall be paid to the holders of
record of such Securities on the applicable record date instead of the holders surrendering such
Securities for repurchase on such date.

     (b) The Company shall give written notice (the “Redemption Date Notice”) of the applicable
Redemption Date by notice sent by first-class mail to the Trustee and to each holder (at its
address shown in the register of the Registrar) and to beneficial owners as required by applicable
law, not less than 25 Business Days prior to each Redemption Date. Each Redemption Date Notice
shall include a redemption notice (a “Redemption Notice”) and shall state:

     (1) the Redemption Price, the Redemption Date, and the current Conversion Rate and Conversion
Price in effect;

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

     (3) that Securities as to which a Redemption Date Notice has been given may be converted only
to the extent that the Redemption Notice has been withdrawn in accordance with the terms of this
Indenture;

     (4) that Securities must be surrendered to the Paying Agent to collect payment;

     (5) that the Redemption Price for any Security as to which a Redemption Date Notice has been
given and not withdrawn will be paid promptly following the later of the Redemption Date and the
time of surrender of such Security as described in subclause (4) above;

     (6) the procedures the holder must follow to exercise rights under this Section 14.08 and a
brief description of those rights;

     (7) briefly, the conversion rights of the Securities;

     (8) the procedures for withdrawing a Redemption Notice;

     (9) that, unless the Company defaults in making payment on Securities for which a Redemption
Notice has been submitted, interest, if any, on such Securities will cease to accrue on and after
the Redemption Date; and

59

 

     (10) the CUSIP number of the Securities.

     If any of the Securities are to be redeemed in the form of a Global Security, the Company
shall modify such notice to the extent necessary to accord with the procedures of the Depositary
applicable to redemptions.

     At the Company’s request, the Trustee shall give such Redemption Date Notice on behalf of the
Company and at the Company’s expense; provided, however, that, in all cases, the text of such
Redemption Date Notice shall be prepared by the Company.

     (c) Redemptions of Securities by the Company pursuant to this Section 14.08 shall be made, at
the option of the holder thereof, upon:

     (1) delivery to the Paying Agent by the holder of the Redemption Notice at any time from the
opening of business on the date that is 25 Business Days prior to the applicable Redemption Date
until the close of business on such Redemption Date stating:

     (i) if certificated Securities have been issued, the certificate number of the Security which
the holder will deliver to be purchased (or, if a holder’s Securities are not certificated, the
Repurchase Election Notice must comply with applicable procedures of the Depositary),

     (ii) the portion (which may be 100%) of the principal amount of the Securities which the
holder will deliver to be redeemed, which portion must be in a principal amount of $1,000 or an
integral multiple thereof, and

     (iii) that such Securities shall be redeemed as of the applicable Redemption Date pursuant to
the terms and conditions specified in the Securities and in this Section 14.08.

     (2) delivery of such Security to the Trustee (or other paying agent appointed by the Company)
at any time after delivery of the Redemption Date Notice (together with all necessary endorsements)
at the offices of the Trustee (or other paying agent appointed by the Company). Delivery of such
Security shall be a condition to receipt by the holder of the Redemption Price therefor. The
Redemption Price shall be paid pursuant to this Section 14.08 only if the Security delivered to the
Trustee (or other paying agent appointed by the Company) shall conform in all respects to the
description thereof in the related Redemption Notice, as determined by the Company.

     (d) Notwithstanding anything herein to the contrary, any holder delivering to the Trustee or
paying agent the Redemption Notice contemplated by this Section 14.08 shall have the right to
withdraw such Redemption Notice at any time prior to the close of business on the Business Day
immediately preceding the Redemption Date by delivery of a written notice of withdrawal to the
Trustee or paying agent specifying:

     (1) if certificated Securities have been issued, the certificate number of the Security in
respect of which such notice of withdrawal is being submitted (or, if a holder’s Securities are not
certificated, the withdrawal notice must comply with the applicable procedures of the Depositary),

60

 

     (2) the aggregate principal amount of the Security with respect to which such notice of
withdrawal is being submitted, and

     (3) the aggregate principal amount, if any, of such Security which remains subject to the
original Redemption Notice and which has been or will be delivered for purchase by the Company.

     The Paying Agent shall promptly notify the Company of the receipt by it of any Redemption
Notice or written notice of withdrawal thereof.

     (e) On or before 10:00 a.m., New York City time on the applicable Redemption Date, the Company
shall deposit with the Trustee or with the paying agent (or if the Company or an Affiliate of the
Company is acting as the paying agent, shall segregate and hold in trust) an amount of money (in
immediately available funds if deposited on such Redemption Date) sufficient to pay the aggregate
Redemption Price of all the Securities or portions thereof which are to be purchased as of the
applicable Redemption Date. The manner in which the deposit required by this Section 14.08 is made
by the Company shall be at the option of the Company; provided that such deposit shall be made in a
manner such that the Trustee or a paying agent shall have immediately available funds on the
applicable Redemption Date.

     If the Trustee or a paying agent holds, in accordance with the terms hereof, money sufficient
to pay the Redemption Price of any Security for which a Redemption Notice has been tendered and not
withdrawn on the applicable Redemption Date, then, on the applicable Redemption Date, such Security
will cease to be outstanding, whether or not the Security is delivered to the Paying Agent, and the
rights of the holder in respect thereof shall terminate (other than the right to receive the
Redemption Price as aforesaid) and interest will cease to accrue on such Security.

     The Redemption Price shall be paid promptly to such holder with respect to Securities for
which a Redemption Notice has been tendered and not withdrawn, subject to receipt of funds by the
Trustee or paying agent, promptly following the later of (x) the Redemption Date with respect to
such Security (provided the conditions in this Section 14.08 have been satisfied) and (y) the time
of delivery of such Security to the Trustee or paying agent by the holder thereof in the manner
required by this Section 14.08. Securities in respect of which a Redemption Notice has been given
by the holder thereof may not be converted pursuant to Article 15 hereof on or after the date of
the delivery of such Redemption Notice, unless such Redemption Notice has first been validly
withdrawn as specified in this Section 14.08.

     The Company shall purchase from the holder thereof, pursuant to this Section 14.08, a portion
of a Security if the principal amount of such portion is $1,000 or an integral multiple of $1,000.
Provisions of this Indenture that apply to the purchase of all of a Security also apply to the
purchase of such portion of such Security.

     (f) There shall be no redemption of any Securities pursuant to this Section 14.08 if there has
occurred (prior to, on or after as the case may be, the giving, by the holders of such Securities,
of the required Redemption Notice) and is continuing an Event of Default (other than a default in
the payment of the Redemption Price) and the principal amount of the Securities has

61

 

been
accelerated in accordance with this Indenture and such acceleration has not been rescinded. The
Trustee or paying agent will promptly return to the respective holders thereof any Securities (x)
with respect to which a Redemption Notice has been withdrawn in compliance with this Indenture, or
(y) held by it during the continuance of an Event of Default (other than a default in the payment
of the Redemption Price) in which case, upon such return, the Redemption Notice with respect
thereto shall be deemed to have been withdrawn.

ARTICLE 15

Conversion of Securities

     Section 15.01 Right To Convert. (a) Subject to and upon compliance with the provisions of
this Indenture, prior to the close of business on the Business Day immediately preceding the
Maturity Date, subject to prior redemption or repurchase, the holder of any Security shall have the
right, at such holder’s option, to convert the principal amount of the Security, or any portion of
such principal amount which is an integral multiple of $1,000, into fully paid and non-assessable
Common Stock (as such shares shall then be constituted) at the Conversion Rate in effect at such
time, by surrender of the Security to be so converted in whole or in part, together with any
required funds, in the manner provided in Section 15.02. With the consent of holders of at least
50.1% of the aggregate principal amount of Securities then outstanding and as described in Section
15.03, the Securities may, at the Company’s option, be convertible into cash or a combination of
cash and Common Stock.

     (b) If any Securities have been called for redemption pursuant to Section 14.02, such
Securities may be converted, at any time until the close of business on the Business Day
immediately preceding the redemption date, unless the Company fails to pay the redemption price of
such Securities.

     (c) A Security in respect of which a holder has exercised the redemption right upon a
Fundamental Change pursuant to Section 14.05 or on a Redemption Date pursuant to Section 14.08 may
be converted only if such holder withdraws its election in accordance with Section 14.05 or Section
14.08, as applicable.

     (d) Provisions of this Indenture that apply to conversion of all of a Security also apply to
conversion of a portion of a Security.

     (e) A holder of Securities is not entitled to any rights of a holder of Common Stock until
such holder has converted its Securities into Common Stock, and only to the extent such Securities
are deemed to have been converted into Common Stock under this Article 15.

     Section 15.02 Exercise of Conversion Privilege; Issuance of Common Stock On Conversion; No
Adjustment for Interest or Dividends. In order to exercise the conversion privilege with respect
to any Security in certificated form, the Company must receive at the office or agency of the
Company maintained for that purpose or, at the option of such holder, the
Corporate Trust Office, such Security with the original or facsimile of the form entitled
“Conversion Notice” on the reverse thereof, duly completed and manually signed, together with such
Securities duly endorsed for transfer, accompanied by the funds, if any, required by this Section
15.02. Such notice shall also state the name or names (with address or addresses) in

62

 

which the
certificate or certificates for Common Stock which shall be issuable on such conversion shall be
issued. The Conversion Agent shall be entitled to assume, without duty to inquire, each converting
Securityholder has, as a condition precedent to exercising its conversion right, paid all stamp,
issue, registration, and similar taxes or duties or transfer costs which it is required to pay.
Once deposited, a Conversion Notice may not be withdrawn without the written consent of the Company
(with a copy of such consent together with the relevant Conversion Notice sent to the relevant
Conversion Agent at the same time.

     In order to exercise the conversion privilege with respect to any interest in a Global
Security, the beneficial holder must complete, or cause to be completed, the appropriate
instruction form for conversion pursuant to the Depositary’s book-entry conversion program,
deliver, or cause to be delivered, by book-entry delivery an interest in such Global Security,
furnish appropriate endorsements and transfer documents if required by the Company or the Trustee
or conversion agent.

     As promptly as practicable after satisfaction of the requirements for conversion set forth
above, subject to compliance with any restrictions on transfer if Common Stock issuable on
conversion is to be issued in a name other than that of the Securityholder (as if such transfer
were a transfer of the Security or Securities (or portion thereof) so converted), the Company shall
issue and shall deliver to such Securityholder at the office or agency maintained by the Company
for such purpose pursuant to Section 3.02, a certificate or certificates for the number of full
Common Stock issuable upon the conversion of such Security or portion thereof as determined by the
Company in accordance with the provisions of this Article 15 and a check or cash in respect of any
fractional interest in respect of a share of Common Stock arising upon such conversion, calculated
by the Company as provided in Section 15.05. In case any Security of a denomination greater than
$1,000 shall be surrendered for partial conversion, and subject to Section 2.03, the Company shall
execute and the Trustee shall authenticate and deliver to the holder of the Security so
surrendered, without charge to him, a new Security or Securities in authorized denominations in an
aggregate principal amount equal to the unconverted portion of the surrendered Security.

     Each conversion shall be deemed to have been effected as to any such Security (or portion
thereof) on the date on which the requirements set forth above in this Section 15.02 have been
satisfied as to such Security (or portion thereof), and the Person in whose name any certificate or
certificates for 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 that any such
surrender on any date when the stock transfer books of the Company shall be closed shall constitute
the Person in whose name the certificates are to be issued as the record holder thereof for all
purposes on the next succeeding 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 Security shall be
surrendered.

     Any Security or portion thereof surrendered for conversion during the period from the close of
business on the record date for any interest payment date to the close of business on the Business
Day preceding such interest payment date shall be accompanied by payment, in immediately available
funds or other funds acceptable to the Company, of an amount equal to the Interest otherwise
payable on such interest payment date on the principal amount being

63

 

converted; provided that no
such payment need be made (1) if the Company has specified a redemption date that is after a record
date and on or prior to the next interest payment date, (2) if the Company has specified a
Fundamental Change Redemption Date following a Fundamental Change or in connection with a
Redemption Date, in each case that is after a record date and on or prior to the next interest
payment date or (3) to the extent of any overdue Interest, if any overdue Interest exists at the
time of conversion with respect to such Security. Except as provided above in this Section 15.02,
no payment or other adjustment shall be made for Interest accrued on any Security converted or for
dividends on any shares issued upon the conversion of such Security as provided in this Article 15.

     Upon the conversion of an interest in a Global Security, the Trustee (or other conversion
agent appointed by the Company), or the Custodian at the direction of the Trustee (or other
conversion agent appointed by the Company), shall make a notation on such Global Security as to the
reduction in the principal amount represented thereby. The Company shall notify the Trustee in
writing of any conversions of Securities effected through any conversion agent other than the
Trustee.

     Upon the conversion of a Security, any accrued but unpaid Interest to the conversion date with
respect to the converted Security shall not be cancelled, extinguished or forfeited, but rather
shall be deemed to be paid in full to the holder thereof through delivery of the Common Stock, cash
or combination of cash and Common Stock, as applicable, in exchange for the Security being
converted pursuant to the provisions hereof; and the fair market value of such Common Stock, cash
or combination of cash and Common Stock, as applicable, shall be treated as issued, to the extent
thereof, first in exchange for and in satisfaction of the Company’s obligation to pay the principal
amount of the converted Security, the accrued but unpaid Interest through the conversion date, and
the balance, if any, of such fair market value of such Common Stock, cash or combination of cash
and Common Stock, as applicable, (any such cash payment) shall be treated as issued in exchange for
and in satisfaction of the right to convert the Security being converted pursuant to the provisions
hereof.

     Section 15.03 Settlement Election. With the consent of holders of at least 50.1% of the aggregate principal amount of
Securities then outstanding, the Company and Trustee may enter into a supplemental indenture so as
to permit, at the Company’s option, settlement upon conversion in cash or any combination of cash
and Common Stock in lieu of delivery of shares of Common Stock in satisfaction of the conversion
obligation upon conversion of the Securities. If such consent has been given, at any time on or
prior to the 2nd Scheduled Trading Day following the applicable conversion date (except,
in respect of Securities to be converted during the period beginning twelve (12) Scheduled Trading
Days immediately preceding a redemption date, repurchase date, Fundamental Change Redemption Date
or the Maturity Date for such Securities, no later than the date we deliver our notice of
redemption, the Redemption Date Notice, the Fundamental Change
Redemption Date Notice or the 13th Scheduled Trading Day preceding the Maturity
Date, as applicable), the Company may elect to satisfy the obligation upon conversion of the
Securities with respect to any Securities converted after the date of such election by delivering
cash up to the aggregate principal amount of Securities to be converted, Common Stock, or a
combination thereof in respect of the remainder, if any, of the obligation upon conversion of the
Securities. Such election (a “Settlement Election”) shall be in the Company’s sole discretion and
shall not require the consent of Securityholders after the

64

 

supplemental indenture permitting such
Settlement Election has been properly entered into pursuant to the terms of this Section 15.03.

     The Company shall treat all holders with the same Cash Settlement Averaging Period in the same
manner. The Company shall not, however, have any obligation to settle any obligations to convert
the Securities arising with respect to different Cash Settlement Averaging Periods in the same
manner.

     The amount of Cash and/or number of shares of Common Stock, as the case may be, due upon
conversion of Securities shall be determined as follows:

     (a) If the Company elects to satisfy the entire obligation to convert the Securities by
delivering Common Stock, the Company shall deliver to the converting holder a number of shares of
Common Stock equal to (i) (A) the aggregate principal amount of Securities to be converted divided
by (B) 1,000 multiplied by (ii) the Conversion Rate in effect on the relevant Conversion Date
(provided that the Company shall deliver cash in lieu of fractional shares as described in Section
15.05).

     (b) If the Company elects to satisfy the entire obligation to convert the Securities by paying
cash, the Company shall pay to the converting holder, for each $1,000 principal amount of
Securities so converted, cash in an amount equal to the Conversion Value.

     (c) If the Company elects to satisfy the obligation to convert the Securities by delivering or
paying, as the case may be, a combination of cash and Common Stock, the Company shall deliver to
the converting holder, for each $1,000 principal amount of Securities so converted (x) cash in an
amount equal to the lesser of (A) the Specified Cash Amount and (B) the Conversion Value; and (y)
if the Conversion Value is greater than the Specified Cash Amount, a number of shares of Common
Stock equal to the sum of the Daily Share Amounts for each of the twenty Trading Days in the Cash
Settlement Averaging Period (provided that the Company shall deliver Cash in lieu of fractional
shares as described in Section 15.05).

     Any settlement of an obligation to convert the Securities made entirely or partially in cash
(other than cash in lieu of fractional shares) shall occur on the third Business Day immediately
following the final Trading Day of the Cash Settlement Averaging Period.

     Section 15.04 Settlement Notices. If the Company has elected to make a Settlement Election as described in Section 15.03, the
Company shall promptly (i) issue a press release and post such information on its website or
otherwise publicly disclose this information or (ii) provide written notice to holders by mailing
such notice to holders at their address in the Register (in the case of a certificated Security),
or through the facilities of the Depositary (in the case of a Global Security). This
notice to holders shall include the amount to be satisfied in cash as a fixed dollar amount
per $1,000 principal amount of Securities (the “Specified Cash Amount”). If, subsequent to the
Company making a Settlement Election, the Company fails to timely notify converting holders of the
Specified Cash Amount, the Specified Cash Amount shall be deemed to be $1,000.

     Section 15.05 Cash Payments in Lieu of Fractional Shares. No fractional Common Stock or scrip
certificates representing fractional shares shall be issued upon conversion of

65

 

Securities. If more
than one Security shall be surrendered for conversion at one time by the same holder, the number of
full shares that shall be issuable upon conversion shall be computed on the basis of the aggregate
principal amount of the Securities (or specified portions thereof to the extent permitted hereby)
so surrendered. If any fractional share would be issuable upon the conversion of any Security or
Securities, the Company shall make an adjustment and payment therefor in cash at the current market
price thereof to the holder of Securities. For purposes of this Section 15.05 only, the current
market price of a share of Common Stock shall be the Last Reported Sale Price on the last Trading
Day immediately preceding the day on which the Securities (or specified portions thereof) are
deemed to have been converted.

     Section 15.06 Adjustment of Conversion Rate. The Conversion Rate shall be adjusted, without
duplication, from time to time by the Company in accordance with this Section 15.06, except that
the Company will not make any adjustment if holders of Securities are entitled to participate on
the relevant distribution or payment date, as a result of holding the Securities, in the
transactions described in Sections Section 15.06(b), Section 15.06(c) and Section 15.06(d)below
without having to convert their Securities (based on the Conversion Rate in effect immediately
before the relevant Ex-Dividend Date) or holders of Common Stock are not eligible to participate in
the relevant transaction described below in this Section 15.06:

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

	 	 	 	 	 
	
CR’ = CR0 x 

	(	OS’
	)	 
	 	 
	OS0	 

     where:

     CR0 = the Conversion Rate in effect immediately prior to the Ex-Dividend Date for
such dividend or distribution, or the effective date of such Common Stock split or Common Stock
combination, as applicable;

     CR’ = the Conversion Rate in effect immediately after the opening of business on such
Ex-Dividend Date for such dividend or distribution or effective date of such Common Stock split or
Common Stock combination, as applicable;

     OS0 = the number of shares of Common Stock outstanding immediately prior to such
Ex-Dividend Date for such dividend or distribution or effective date of such Common Stock split or
Common Stock combination; and

     OS’ = the number of shares of Common Stock outstanding immediately after the opening of
business on such Ex-Dividend Date for such dividend or distribution or effective date of such
Common Stock split or Common Stock combination, but after giving effect to such dividend,
distribution, Common Stock split or Common Stock combination, as applicable.

66

 

     Such adjustment shall become effective immediately after the Ex-Dividend Date for such
dividend or distribution, or the effective date for such share split or share combination. If any
dividend or distribution of the type described in this Section 15.06(a) is declared but not so paid
or made, the Conversion Rate shall again be adjusted, as of the date that is the earlier of (i) the
public announcement of the non-payment of the dividend or distribution and (ii) the date that the
dividend or distribution was to be paid, to the Conversion Rate which would then be in effect if
such dividend or distribution had not been declared.

     (b) If the Company, at any time or from time to time while any of the Securities are
outstanding, distributes to all or substantially all holders of Common Stock any rights (including
subscription bonuses) or warrants entitling them for a period of not more than 45 calendar days
from the record date for such rights or warrants to subscribe for or purchase shares of Common
Stock at an exercise price per share of Common Stock less than the Last Reported Sales Price of
Common Stock on the Trading Day immediately preceding the date of announcement of such
distribution, the Conversion Rate shall be adjusted based on the following formula:

	 	 	 	 	 
	
CR’ = CR0 x 

	(	OS0 + X
	)	 
	 	 
	OS0 + Y
	 

     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 the
Ex-Dividend Date for such distribution;

     OS0 = the number of shares of Common Stock outstanding immediately before such
Ex-Dividend Date for such issuance;

     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 quotient of (A) the aggregate price
payable to exercise such rights or warrants divided by (B) 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 Ex-Dividend Date for such distribution.

     To the extent such rights or warrants are not exercised or converted prior to the expiration
of the exercisability or convertibility thereof, the Conversion Rate shall be readjusted, as of
such expiration date, 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 actually delivered. In the event that such rights or warrants are
not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate which
would then be in effect if such rights or warrants had not been issued. In determining
whether any rights or warrants entitle the holders to subscribe for or purchase Common Stock at
less than the Last Reported Price of Common Stock immediately preceding the date of announcement of
such distribution, and in determining the aggregate offering price of such Common Stock, there
shall be taken into account any consideration received for such rights or warrants and the value

67

 

of
such consideration, if other than cash, as shall be determined in good faith by the Board of
Directors.

     With respect to any rights or warrants (the “Rights”) that may be issued or distributed
pursuant to the Company’s Rights Agreement dated September 25, 2002 between the Company and
American Stock Transfer & Trust Company or any rights plans implemented by the Company after the
date of this Indenture (a “Rights Plan”), the holders of Securities will receive, with respect to
any Common Stock issued upon conversion, the Rights described therein (whether or not the Rights
have separated from the Common Stock at the time of conversion), subject to the limitations set
forth in and in accordance with any such Rights Plan; provided that if at the time of conversion
the Rights have separated from the Common Stock in accordance with the provisions of the Rights
Plan so that holders would not be entitled to receive any rights in respect of the Common Stock, if
any, issuable upon conversion of the Securities as a result of the timing of the Conversion Date,
the Conversion Rate will be adjusted as if the Company distributed to all holders of Common Stock
securities constituting such rights as provided in the first paragraph of this clause (b) of this
Section 15.07, subject to a corresponding readjustment to the Conversion Rate on an equitable basis
in the event that such Rights are later redeemed, repurchased, invalidated or terminated. A
further adjustment will occur as described in above in this clause (b) of this Section 15.06 if
such Rights become exercisable to purchase different securities, evidences of indebtedness or
assets, subject to a corresponding readjustment to the Conversion Rate on an equitable basis in the
event that such Rights are later redeemed, repurchased, invalidated or terminated. Other than as
specified in this paragraph of this clause (b) of this Section 15.06, there will not be any
adjustment to the Conversion Rate as the result of the issuance of any Rights, the distribution of
separate certificates representing such Rights, the exercise or redemption of such Rights in
accordance with any Rights Plan or the termination or invalidation of any Rights.

     (c) If the Company, at any time or from time to time while the Securities are outstanding,
distributes any share capital of the Company, evidences of the Company’s indebtedness or other
assets or property of the Company or rights to acquire the Company’s share capital or other
securities to all, or substantially all, holders of its Common Stock, excluding:

     (i) dividends or distributions referred to in Section 15.06(a);

     (ii) rights or warrants referred to in Section 15.06(b);

     (iii) dividends or distributions paid exclusively in cash; and

     (iv) Spin-Offs (as defined below) to which the provisions set forth below in this Section
15.06(c) shall apply;

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

	 	 	 	 	 
	
CR’ = CR0 x 

	(	SP0
	)	 
	 	 
	SP0 – FMV
	 

68

 

     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 the
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 in good faith by the Board of Directors) of the
shares of capital stock, evidences of indebtedness, assets, property or rights distributed with
respect to each outstanding share of Common Stock on the Ex-Dividend Date for such distribution.

     Such adjustment shall become effective immediately prior to the opening of business on the day
following the Ex-Dividend Date for such distribution.

     Where there has been a payment of a dividend or other distribution on the Common Stock in the
Company’s share capital 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 15th Trading Day immediately following the effective date of
the Spin-Off shall be increased based on the following formula:

	 	 	 	 	 
	
CR’ = CR0 x 

	(	FMV0 + MP0
	)	 
	 	 
	MP0
	 

     where

     CR0 = the Conversion Rate in effect on the 15th Trading Day immediately following,
and including, the effective date of the Spin-Off;

     CR’ = the Conversion Rate in effect immediately after the 15th Trading Day immediately
following, and including, the effective date of the Spin-Off;

     FMV0 = the average of the Last Reported Sale Prices of the Company’s 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 beginning on, and including, the 5th Trading
Day after the effective date of the Spin-Off; and

     MP0 = the average of the Last Reported Sale Prices of Common Stock over the first
10 consecutive Trading Day period beginning on, and including, the 5th Trading Day the effective
date of the Spin-Off.

69

 

     The adjustment to the Conversion Rate under the preceding paragraph will occur on the 15th
Trading Day from, and including, the effective date of the Spin-Off. As a result, any conversion
within the 15 Trading Days following the effective date of any Spin-Off shall be deemed not to have
occurred until the end of such 15 Trading Day period.

     If any dividend or distribution described in this Section 15.06(c) is declared but not paid or
made, the Conversion Rate shall be readjusted, as of the date that is the earlier of (i) the public
announcement of the non-payment of the dividend or distribution and (ii) the date that the dividend
or distribution was to have been paid, in which case, the Conversion Rate will be the Conversion
Rate that would then be in effect if such dividend or distribution had not been declared.

     For the purposes of this Section 15.06(c), rights, warrants or options distributed by the
Company to all holders of Common Stock entitling them to subscribe for or purchase shares of the
Company’s capital stock (either initially or under certain circumstances), which rights, warrants
or options until the occurrence of a specified event or events (a “Trigger Event”): (1) are deemed
to be transferred with such 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 15.06(c), (and no adjustment to the Conversion Rate under this Section
15.06(c) 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 15.06(c). If any such right,
warrant or option, including any such existing rights, warrants or options distributed prior to the
date of this Indenture, are subject to events, upon the occurrence of which such rights, warrants
or options 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, warrants or options with such rights
(and a termination or expiration of the existing rights, warrants or options without exercise by
any of the holders thereof). In addition, in the event of any distribution (or deemed
distribution) of rights, warrants or options 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
15.06(c) was made, (1) in the case of any such rights, warrants or options which shall all have
been redeemed or purchased without exercise by any Holders thereof, the Conversion Rate shall be
readjusted upon such final purchase 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 purchase
price received by a holder of Common Stock with respect to such rights, warrants or options
(assuming such holder had retained such rights, warrants or options), made to all applicable
holders of Common Stock as of the date of such redemption or purchase, and (2) in the case of such
rights, warrants or options which shall have expired or been terminated without exercise by any
holders thereof, the Conversion Rate shall be readjusted as if such rights, warrants or options had
not been issued.

     (d) If the Company pays any cash dividend or other distribution to all, or substantially all,
holders of Common Stock (including as a result of capital reductions and Common Stock redemptions
or amortizations), the Conversion Rate shall be adjusted based on the following formula:

70

 

	 	 	 	 	 
	
CR’ = CR0 x 

	(	SP0
	)	 
	 	 
	SP0 – C
	 

     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 average of the Last Reported Sale Prices of a share of Common Stock over
the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the
Ex-Dividend Date for such dividend or distribution; and

     C = the full amount of such dividend or distribution per share the Company distributes to
holders of Common Stock.

     If any dividend or distribution described in this Section 15.06(d) is declared but not so paid
or made, the new Conversion Rate shall be adjusted, as of the date that is the earlier of (i) the
public announcement of the non-payment of the dividend or distribution and (ii) the date that the
dividend or distribution was to be paid, to the Conversion Rate that would then be in effect if
such dividend or distribution had not been declared.

     (e) If the Company or any Subsidiary makes a payment in respect of a tender offer or exchange
offer for Common Stock, to the extent that the cash and value (which will be, except for the value
of traded securities, determined by the Board of Directors) 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 immediately following the last date on which tenders or exchanges may be
made pursuant to such tender or exchange offer, the Conversion Rate shall be adjusted as of the
close of business on the 10th Trading Day from and including the Trading Day immediately following
the date the tender or exchange offer expires based on the following formula:

	 	 	 	 	 
	
CR’ = CR0 x 

	(	AC + (SP’ x OS’)
	)	 
	 	 
	OS0 x  SP’
	 

     where

     CR0 = the Conversion Rate in effect on the day immediately prior to the effective
date of the adjustment;

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

71

 

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

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

     OS’ = the number of shares of Common Stock outstanding on the Trading Day immediately after
the date such tender or exchange offer expires (after giving effect to the purchase or exchange of
Common Stock pursuant to such tender or exchange offer); 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 immediately following the date such tender or
exchange offer expires.

     The adjustment to the Applicable Conversion Rate under this Section 15.06(e) shall occur on
the 10th Trading Day from, and including, the Trading Day next succeeding the date such tender or
exchange offer expires. As a result, any conversion within the 10 Trading Days immediately
following, and including, the expiration date of any tender or exchange offer, shall be deemed not
to have occurred until the end of such 10 Trading Day period.

     If the Company is obligated to purchase shares pursuant to any such tender or exchange offer,
but the Company is permanently prevented by applicable law from effecting any such purchases or all
such purchases are rescinded, the Conversion Rate shall again be adjusted to be the Conversion Rate
that would then be in effect if such tender or exchange had not been made.

     (f) No adjustment to the Conversion Rate will be required unless the adjustment would require
an increase or decrease of at least one percent (1%) of the Conversion Rate. If the adjustment is
not made because the adjustment does not change the Conversion Rate by at least one percent (1%),
then the adjustment that is not made will be carried forward and taken into account in any future
adjustments. In addition, the Company will make any carry forward adjustments not otherwise
effected upon an offer by the Company to purchase the Securities in connection with a Fundamental
Change or with respect to a repurchase at the option of holders, upon any Redemption Date, upon any
conversion of the Securities, within one year of the first such adjustment carried forward and on
the record date immediately prior to the Maturity of the Securities. Adjustments to the Conversion
Rate will be rounded to the nearest ten-thousandth, with five one-hundred-thousandths rounded
upward (e.g., 0.76545 would be rounded up to 0.7655).

     (g) The Company from time to time may, to the extent permitted by applicable law and subject
to the applicable rules of the Nasdaq Global Select Market, increase the Conversion Rate by any
amount for a period of at least 20 days if 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 Applicable Conversion Rate is increased pursuant to this Section 15.06(g)
or Section 15.07(h) below, the Company shall mail to Holders
of record of the Securities a notice of the increase at least 15 days prior to the date the
increased

72

 

Conversion Rate takes effect, and such notice shall state the increased Conversion Rate
and the period during which it will be in effect.

     (h) The Company may (but is not required to) make such increases in the Conversion Rate, in
addition to any adjustments required by Section 15.06(a), Section 15.06(b), Section 15.06(c),
Section 15.06(d), Section 15.06(e) or Section 15.06(g), as the Board of Directors considers to be
advisable to avoid or diminish income tax to holders resulting from any dividend or distribution of
Capital Stock issuable on conversion of the Securities (or rights to acquire shares) or from any
event treated as such for income tax purposes.

     (i) Except as otherwise provided in this Indenture, all calculations under this Article 15
shall be made by the Company. No adjustment shall be made for the Company’s issuance of Common
Stock or securities convertible into or exchangeable for Common Stock or rights to purchase Common
Stock or convertible or exchangeable securities, other than as provided in this Section 15.06. The
Company shall make such calculations in good faith and, absent manifest error, such calculations
shall be binding on the holders, the Trustee and the Conversion Agent.

     (j) 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, the Company shall
prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted Conversion
Rate, a brief statement of the facts requiring such adjustment and the date on which each
adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate
to each Securityholder at such holder’s last address appearing on the list of Securityholders
provided for in Section 2.05, within 20 days after execution thereof. Failure to deliver such
notice shall not affect the legality or validity of any such adjustment.

     (k) For purposes of this Section 15.06, 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 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 Common Stock.

     (l) Notwithstanding anything to the contrary in this Article 15, no adjustment to the
Conversion Rate shall be made:

     (i) upon the issuance of any Common Stock pursuant to any present or future plan providing for
the reinvestment of dividends or Interest payable on the Company’s Securities and the investment of
additional optional amounts in Common Stock under any plan;

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

73

 

     (iii) upon the issuance of any Common Stock pursuant to any option, warrant, right or
exercisable, exchangeable or convertible security not described in (ii) above outstanding as of the
date the Securities were first issued;

     (iv) for a change in the par value of the Common Stock if the Common Stock then have a par
value, or from par value to no par value or from no par value to par value;

     (v) for accrued and unpaid Interest, including any Additional Interest; or

     (vi) for the avoidance of doubt, for the issuance of Common Stock by the Company (other than
to all or substantially all holders of Common Stock) or the payment of cash by the Company upon
conversion or repurchase of Securities.

     (m) In the event of an adjustment to the Conversion Rate pursuant to Section 15.06(d) or (e),
in no event will the Conversion Rate exceed 117.0960 shares of Common Stock per $1,000 principal
amount of notes, in each case otherwise subject to adjustments as set forth in Section 15.06(a),
(b) and (c).

     (n) The Company shall not take any voluntary action to increase the Conversion Rate of the
Securities pursuant to this Section 15.06 without complying, if applicable, with the shareholder
approval rules of the Nasdaq Global Select Market (including Market Rule 5635) or any stock
exchange on which the Company’s Common Stock is listed at the relevant time.

     Section 15.07 Effect of Reclassification, Consolidation, Merger or Sale. If any of the
following events occur, namely (i) any reclassification or change of the outstanding Common Stock,
(ii) any consolidation, merger or combination of the Company with another Person as a result of
which holders of Common Stock shall be entitled to receive cash, securities or other property with
respect to or in exchange for such Common Stock, or (iii) any sale, conveyance or lease of all or
substantially all of the properties and assets of the Company to any other Person as a result of
which holders of Common Stock shall be entitled to receive cash, securities or other property 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 each Security shall be convertible into either (a) cash or (b) the kind
and amount of shares of cash, securities or other property 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 Securities (assuming, for such purposes, a sufficient
number of authorized Common Stock are available to convert all such Securities) immediately prior
to such reclassification, change, consolidation, merger, combination, sale, conveyance or lease
assuming such holder of Common Stock did not exercise his rights of election, if any, as to the
kind or amount of stock, other securities or other property or assets (including cash) receivable
upon such reclassification, change, consolidation, merger, combination, sale, conveyance or lease
(provided that, if the kind
or amount of stock, other securities or other property or assets (including cash) receivable
upon such reclassification, change, consolidation, merger, combination, sale, conveyance or lease
is not the same for each share of Common Stock in respect of which such rights of election shall
not have been exercised (“non-electing share”), then for the purposes of this Section 15.07 the

74

 

kind and amount of stock, other securities or other property or assets (including cash) receivable
upon such reclassification, change, consolidation, merger, combination, sale or conveyance for each
non-electing share shall be deemed to be the weighted average of the types and amounts of
consideration received by the holders of the Common Stock that affirmatively make such an 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 15.

     The Company shall cause notice of the execution of such supplemental indenture to be mailed to
each holder of Securities, at its address appearing on the Security Register provided for in
Section 2.05, within twenty (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 15.07 shall similarly apply to successive
reclassifications, changes, consolidations, mergers, combinations, sales and conveyances.

     If this Section 15.07 applies to any event or occurrence, Section 15.06 shall not apply.

     Section 15.08 Taxes on Shares Issued. The issuance of stock certificates on conversions of
Securities shall be made without charge to the converting Securityholder for any documentary, stamp
or similar issue or transfer tax in respect of the issue thereof. 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 Security 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 15.09 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 Common Stock to
provide for the conversion of the Securities from time to time as such Securities are presented for
conversion.

     Before taking any action which would cause an adjustment increasing the Conversion Rate to an
amount that would cause the Conversion Price to be reduced below the then par value, if any, of the
Common Stock issuable upon conversion of the Securities, the Company will take all corporate action
which may, in the opinion of its counsel, be necessary in order that the Company may validly and
legally issue shares of such Common Stock at such adjusted Conversion Rate.

     The Company covenants that all Common Stock which may be issued upon conversion of Securities
will upon issue be fully paid and non-assessable by the Company and free from all taxes, liens and
charges with respect to the issue thereof.

     The Company covenants that, if any Common Stock to be provided for the purpose of conversion
of Securities hereunder require registration with or approval of any governmental authority under
any federal or state law before such shares may be validly issued upon conversion, the Company will
in good faith and as expeditiously as possible, to the extent then

75

 

permitted by the rules and
interpretations of the Commission (or any successor thereto), endeavor to secure such registration
or approval, as the case may be.

     The Company covenants that, if at any time the Common Stock shall be listed on the Nasdaq
Global Select Market or any other national securities exchange or automated quotation system, the
Company will, if permitted by the rules of such exchange or automated quotation system, list and
keep listed, so long as the Common Stock shall be so listed on such exchange or automated quotation
system, all Common Stock issuable upon conversion of the Security; provided that if the rules of
such exchange or automated quotation system permit the Company to defer the listing of such Common
Stock until the first conversion of the Securities into Common Stock in accordance with the
provisions of this Indenture, the Company covenants to list such Common Stock issuable upon
conversion of the Securities in accordance with the requirements of such exchange or automated
quotation system at such time.

     Section 15.10 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 15.06; 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 (other than a subdivision or
combination of its outstanding Common Stock, or a change in par value, or from par value to no par
value, or from no par value to par value), or of any consolidation or merger to which the Company
is a party and for which approval of any stockholders of the Company is required, or of the sale or
transfer of all or substantially all of the assets of the Company; or

     (d) of the voluntary or involuntary dissolution, liquidation or winding up of the Company;

the Company shall cause to be filed with the Trustee and to be mailed to each holder of Securities
at his address appearing on the Security Register provided for in Section 2.05, as promptly as
possible but in any event at least ten (10) 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,
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.

76

 

     Section 15.11 Adjustment to Conversion Rate upon Occurrence of a Fundamental Change.

     If a Fundamental Change occurs on or before October 15, 2014, and a holder elects to convert
its Securities in connection with such transaction, the Company shall, under certain circumstances,
increase the Conversion Rate for the Securities so surrendered for conversion as described in this
Section 15.11. A conversion of Securities will be deemed for these purposes to be “in connection
with” such Fundamental Change if the notice of conversion of the Securities is received by the
conversion agent from, and including, the Effective Date of the Fundamental Change up to, and
including, the Business Day immediately prior to the Fundamental Change Redemption Date. Upon
surrender of Securities for conversion in connection with a Fundamental Change, the Company will
deliver Common Stock unless it has previously obtained consent from holders as specified in Section
9.02 and Section 15.03, in which case the Company shall have the option to deliver, in lieu of
Common Stock, including the Additional Shares, cash or a combination of cash and Common Stock.

     Notwithstanding the foregoing, holders shall not be entitled to an adjustment to the
Conversion Rate pursuant to this Section 15.11 if at least ninety percent (90%) of the
consideration for the Common Stock (excluding cash payments for fractional shares and cash payments
made in respect of dissenters’ appraisal rights and cash payment of the required cash payment, if
any) in the transaction or transactions constituting the Fundamental Change consists of securities
traded on a United States national securities exchange, or which will be so traded when issued or
exchanged in connection with the Fundamental Change, and as a result of such transaction or
transactions the Securities become convertible solely into such securities.

     In connection with an applicable Fundamental Change, we will increase the Conversion Rate by
the number of additional shares of Common Stock (the “Additional Shares”) as determined by
reference to the table below, based on the date on which the Fundamental Change occurs or becomes
effective (the “Effective Date”), and the price paid per share of Common Stock, translated, if
necessary, into U.S. dollars at the exchange rate in effect on such date, in the Fundamental Change
(the “Stock Price”). If holders of our Common Stock receive only cash in the Fundamental Change,
the Stock Price shall be the cash amount paid per share of Common Stock, translated, if necessary,
into U.S. dollars at the exchange rate in effect on the Effective Date of the Fundamental Change.
Otherwise, the Stock Price shall be the average of the Last Reported Sale Prices of our Common
Stock over the five Trading Day period ending on the Trading Day preceding the Effective Date of
the Fundamental Change.

     The Stock Prices set forth in the first row of the table below (i.e., column headers) will be
adjusted as of any date on which the Conversion Rate of the Securities is otherwise adjusted. The
adjusted Stock Prices will 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 the
adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion
Rate as so adjusted. The number of Additional Shares will be adjusted in the
same manner as the Conversion Rate as set forth in Section 15.06.

77

 

Stock Price ($)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Effective date	 	$8.54	 	$12.00	 	$14.00	 	$16.00	 	$18.00	 	$20.00	 	$22.00	 	$24.00	 	$25.00	 	$30.00	 	$35.00	 	$40.00	 	$45.00	 	$50.00
	10/15/2009
	 	 	23.4192	 	 	 	22.1808	 	 	 	17.6364	 	 	 	14.4218	 	 	 	12.0458	 	 	 	10.2337	 	 	 	8.8140	 	 	 	7.6759	 	 	 	7.5018	 	 	 	5.6030	 	 	 	4.4185	 	 	 	3.5732	 	 	 	2.9445	 	 	 	2.4616	 
	10/15/2010
	 	 	23.4192	 	 	 	21.3957	 	 	 	16.7324	 	 	 	13.4907	 	 	 	11.1236	 	 	 	9.3366	 	 	 	7.9585	 	 	 	6.8680	 	 	 	6.6744	 	 	 	4.9076	 	 	 	3.8438	 	 	 	3.0937	 	 	 	2.5399	 	 	 	2.1172	 
	10/15/2011
	 	 	23.4192	 	 	 	19.9572	 	 	 	15.2447	 	 	 	12.0337	 	 	 	9.7345	 	 	 	8.0318	 	 	 	6.7363	 	 	 	5.7355	 	 	 	5.5472	 	 	 	3.9887	 	 	 	3.1020	 	 	 	2.4844	 	 	 	2.0331	 	 	 	1.6912	 
	10/15/2012
	 	 	23.4192	 	 	 	17.6503	 	 	 	13.0125	 	 	 	9.9196	 	 	 	7.7693	 	 	 	6.2229	 	 	 	5.0821	 	 	 	4.2247	 	 	 	4.0713	 	 	 	2.8286	 	 	 	2.1825	 	 	 	1.6914	 	 	 	1.3914	 	 	 	1.1648	 
	10/15/2013
	 	 	23.4192	 	 	 	13.8724	 	 	 	9.5082	 	 	 	6.7457	 	 	 	4.2827	 	 	 	3.6628	 	 	 	2.8111	 	 	 	2.2241	 	 	 	1.9405	 	 	 	1.4132	 	 	 	1.0541	 	 	 	0.8588	 	 	 	0.7167	 	 	 	0.6078	 
	10/15/2014
	 	 	23.4192	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 

     The exact Stock Prices and Effective Dates may not be set forth in the table above, in which
case:

     • 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 will 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.

     • If the Stock Price is greater than $50.00 (subject to adjustment), the Conversion Rate will
not be adjusted.

     • If the Stock Price is less than $8.54 (subject to adjustment), the Conversion Rate will not
be adjusted.

     Notwithstanding the foregoing, in no event will the total number of shares of Common Stock
issuable upon conversion exceed 117.0960 per $1,000 principal amount of Securities, subject to
adjustment in the same manner as the Conversion Rate as set forth in Section 15.06.

     Section 15.12 Transfer Restrictions. (a) Common Stock issued upon conversion of Restricted
Securities (all Common Stock issued in exchange therefor or substitution thereof) shall be
represented by certificates bearing the Restricted Securities Legend and shall be subject to the
restrictions or transfer set forth in the Restricted Securities Legend.

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

78

 

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

	 	 	 	 	 
	 	FINISAR CORPORATION

 	 
	 	By:  	/s/ Jerry S. Rawls
 	 
	 	 	Name:  	Jerry S. Rawls 	 
	 	 	Title:  	Chairman of the Board 	 
	 
	 	 	 
	 	By:  	                     /s/ Stephen K. Workman
 	 
	 	 	Name:  	Stephen K. Workman 	 
	 	 	Title:  	Senior Vice President, Finance and

Chief Financial Officer 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Raymond Delli Colli
 	 
	 	 	Name:  	Raymond Delli Colli 	 
	 	 	Title:  	Vice President 	 

 

	 	 	 	 	 

EXHIBIT A

[FORM OF FACE OF SECURITY]

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (THE “DEPOSITARY”, WHICH TERM INCLUDES ANY SUCCESSOR
DEPOSITARY) 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 REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREIN IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), 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.1

THE SECURITIES AND THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THIS SECURITY HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS. NEITHER THIS SECURITY, NOR THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF
THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES
ACT.2

BY ITS ACQUISITION HEREOF, THE HOLDER (1) AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY
PRIOR TO THE END OF THE PERIOD WHILE SUCH SECURITY IS NOT ELIGIBLE TO BE RESOLD PURSUANT TO RULE
144 UNDER THE SECURITIES ACT AS IN EFFECT ON THE DATE OF TRANSFER OF THIS SECURITY (THE “RESALE
RESTRICTION TERMINATION DATE”) ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A
REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG
AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES
IS A QUALIFIED INSTITUTIONAL BUYER AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING RULE 144, IF AVAILABLE, SUBJECT TO THE
COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D)
TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR

 

			
	1	 	This paragraph should be included only if the Security is a Global Security.
	 
	2	 	This paragraph should be included only if the Security is a Restricted Security.

A-1

 

OTHER INFORMATION SATISFACTORY TO EACH OF THEM, AND IN EACH OF THE FOREGOING CASES, TO REQUIRE THAT
A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND
DELIVERED BY THE TRANSFEROR TO THE TRUSTEE. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.3

 

			
	3	 	This paragraph should be included only if the Security is a Restricted Security.

A-2

 

FINISAR CORPORATION

5.0% CONVERTIBLE SENIOR NOTES DUE 2029

			
	 	 	 
	$                    
	 	CUSIP:                    
	 	 	 
	No.               	 	 

     Finisar Corporation, a Delaware corporation (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                      or its registered assigns, [the principal sum of
                     Dollars] [the principal sum of $[                    ] (which principal amount may from time
to time be increased or decreased to such other principal amounts (which shall not exceed
$[                    ]) as then set forth on Schedule I hereto)]4 on October 15, 2029 at the
office or agency of the Company maintained for that purpose in accordance with the terms of the
Indenture, in such coin or currency of the United States of America as at the time of payment shall
be legal tender for the payment of public and private debts, and to pay Interest, semiannually on
April 15 or October 15 of each year, commencing April 15, 2010, on said principal sum at said
office or agency, in like coin or currency, at the rate per annum of 5.0%, from the April 15 or
October 15, as the case may be, next preceding the date of this Security to which Interest has been
paid or duly provided for, or unless no Interest has been paid or duly provided for on the
Securities, in which case from October 15, 2009 until payment of said principal sum has been made
or duly provided for. Except as otherwise provided in the Indenture, the Interest payable on the
Security pursuant to the Indenture on any April 15 or October 15 will be paid to the Person
entitled thereto as it appears in the Security Register at the close of business on the record
date, which shall be the April 1 or October 1 (whether or not a Business Day) next preceding such
April 15 or October 15, as provided in the Indenture; provided that any such Interest not
punctually paid or duly provided for shall be payable as provided in the Indenture. The Company
shall pay Interest (i) on any Securities in certificated form by check mailed to the address of the
Person entitled thereto as it appears in the Security Register (provided that the holder of
Securities with an aggregate principal amount in excess of $5,000,000 shall, at the written
election of such holder, be paid by wire transfer of immediately available funds, which written
notice shall remain in effect until such Person notifies, in writing, the Registrar to the
contrary) or (ii) on any Global Security by wire transfer of immediately available funds to the
account of the Depositary or its nominee.

     The Company promises to pay Interest on overdue principal, premium, if any, and (to the extent
that payment of such Interest is enforceable under applicable law) interest at the rate of 5.0% per
annum.

     Reference is made to the further provisions of this Security set forth on the reverse hereof,
including, without limitation, provisions giving the holder of this Security the right to convert
this Security into Common Stock or cash or a combination of cash and Common Stock on the terms and
subject to the limitations referred to on the reverse hereof and as more fully

 

			
	4	 	This section should be included only if the Security is a Global Security.

A-3

 

specified in the Indenture. Such further provisions shall for all purposes have the same effect as
though fully set forth at this place.

     This Security 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 the State of
New York without regard to principles of conflicts of laws.

     This Security 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.

A-4

 

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

	 	 	 	 	 
	 	FINISAR CORPORATION

 	 
	 	By:  	 
 	 
	 	 	Name:  	Jerry S. Rawls 	 
	 	 	Title:  	Chairman of the Board 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	Stephen K. Workman 	 
	 	 	Title:  	Senior Vice President, Finance and

Chief Financial Officer 	 
	 

	 	 	 	 	 
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION

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

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 
	By:  	 	 	 
	 	Authorized Signatory 	 	 
	 	 	 	 

A-5

 

	 	 	 	 	 

FORM OF REVERSE OF SECURITY

FINISAR CORPORATION

5.0% CONVERTIBLE SENIOR NOTES DUE 2029

     This Security is one of a duly authorized issue of Securities of the Company, designated as
its “5.0% Convertible Senior Notes due 2029” (herein called the “Securities”), issued and to be
issued under and pursuant to an Indenture dated as of October 15, 2009 (herein called the
“Indenture”), between the Company and Wells Fargo Bank, N.A., as trustee (herein called the
“Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for
a description of the rights, limitations of rights, obligations, duties and immunities thereunder
of the Trustee, the Company and the holders of the Securities.

     The Securities are unsecured obligations of the Company. The aggregate principal amount of
Securities outstanding at any time may not exceed $100,000,000 in aggregate principal amount,
except as provided in Section 2.06 of the Indenture. The Indenture does not limit other debt of
the Company, whether secured or unsecured.

     In case an Event of Default shall have occurred and be continuing, the principal of, premium,
if any, and accrued and unpaid Interest on all Securities may be declared by either the Trustee or
the holders of not less than 25% in aggregate principal amount of the Securities then outstanding,
and upon said declaration shall become, due and payable, in the manner, with the effect and subject
to the conditions provided in the Indenture.

     The Indenture contains provisions permitting the Company and the Trustee, with the consent of
the holders of at least a majority in aggregate principal amount of the Securities at the time
outstanding, to execute supplemental indentures adding any provisions to or changing in any manner
or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying
in any manner the rights of the holders of the Securities; provided that no such supplemental
indenture may be entered without the consent of the holders of all Securities then outstanding
except in the events described in Section 9.02 of the Indenture.

     Subject to the provisions of the Indenture, the holders of a majority in aggregate principal
amount of the Securities at the time outstanding may on behalf of the holders of all of the
Securities waive any past default or Event of Default under the Indenture and its consequences
except (A) a default in the payment of Interest, or any premium on, or the principal of, any of the
Securities, (B) a failure by the Company to convert any Securities into Common Stock, cash or a
combination of cash and Common Stock, (C) a default in the payment of the redemption price pursuant
to Article 14 of the Indenture, (D) a default in failing to provide notice of a Fundamental Change
pursuant to Article 14 of the Indenture, or (E) a default in respect of a covenant or provisions of
the Indenture which under Article 9 of the Indenture cannot be modified or amended without the
consent of the holders of each or all Securities then outstanding or affected thereby. Upon any
such waiver, the Company, the Trustee and the holders of the Securities shall be restored to their
former positions and rights hereunder; but no such waiver shall extend to any subsequent or other
default or Event of Default or impair any right consequent thereon. Whenever any default or Event
of Default hereunder shall have been

A-6

 

waived as permitted by Section 5.07 of the Indenture, said default or Event of Default shall
for all purposes of the Securities and the Indenture be deemed to have been cured and to be not
continuing; but no such waiver shall extend to any subsequent or other default or Event of Default
or impair any right consequent thereon.

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

     Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day
months.

     The Securities are issuable in fully registered form, without coupons, in denominations of
$1,000 principal amount and any integral multiple of $1,000. At the office or agency of the
Company referred to on the face hereof, and in the manner and subject to the limitations provided
in the Indenture, without payment of any service charge but may be with payment of a sum sufficient
to cover any tax, assessment or other governmental charge that may be imposed in connection with
any registration or exchange of Securities, Securities may be exchanged for a like aggregate
principal amount of Securities of any other authorized denominations.

     At any time on or after October 22, 2014 and prior to maturity, and subject to the proviso
below, the Securities, in whole or in part, may be redeemed in cash at the option of the Company,
at any time and from time to time, upon notice as set forth in Section 14.02, at a redemption price
per security equal to 100% of the principal amount of the Security, together with accrued and
unpaid Interest, if any, to, but excluding, the date fixed for redemption if the Last Reported Sale
Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days
ending within five (5) Trading Days immediately preceding the notice to holders is at least 130% of
the applicable Conversion Price in effect on such Trading Day; provided that if the redemption date
falls after a record date and on or prior the corresponding interest payment date, then the full
amount of Interest payable on such interest payment date shall be paid to the holders of record of
such Securities on the applicable record date instead of the holders surrendering such Securities
for redemption on such date. We are required to give notice of redemption by mail to holders not
more than 60 but not less than 20 days prior to the redemption date.

     The Company may not give notice of any redemption of the Securities if a default in the
payment of Interest, or premium, if any, on the Securities has occurred and is continuing or if the
principal amount of the Securities has been accelerated.

     The Securities are not subject to redemption through the operation of any sinking fund.

     All payments made by the Company or any successor to the Company under or with respect to the
Securities will be made without withholding or deduction for taxes.

     The holders may require the Company to redeem any outstanding Securities for cash, on October
15, 2014, October 15, 2016, October 15, 2019 and October 15, 2024 (each a “Redemption Date”) at a
purchase price per Security equal to 100% of the aggregate principal

A-7

 

amount of the Security, together with any accrued and unpaid interest, to but not including
the applicable Redemption Date; provided that if such Redemption Date is an interest payment date,
interest on the Securities will be payable to the Holders in whose names the Securities are
registered at the close of business on the relevant Regular Record Date. The Company shall give
written notice of the applicable Redemption Date by delivery of the Redemption Date Notice as
provided in the Indenture, to each Holder (at its address shown in the register of the Registrar)
and to beneficial owners as required by applicable law, not less than 20 Business Days prior to
each Redemption Date.

     If a Fundamental Change occurs at any time prior to maturity of the Securities, holders may
require the Company redeem for cash all or any portion of the Securities held by such holder, on a
date specified by the Company not less than twenty (20) and not more than thirty-five (35) Business
Days after notice thereof at a purchase price of 100% of the principal amount, plus any accrued and
unpaid Interest, on such Security up to, but excluding, the Fundamental Change Redemption Date;
provided that if the redemption date falls after a record date and on or prior the corresponding
interest payment date, then the full amount of Interest payable on such interest payment date shall
be paid to the holders of record of such Securities on the applicable record date instead of the
holders surrendering such Securities for redemption on such date. The Securities will be redeemable
in integral multiples of $1,000 principal amount. The Company shall mail to all holders of record
of the Securities a notice of the occurrence of a Fundamental Change and the holder’s right to
exercise the redemption right arising as a result thereof on or before the 20th day after the
occurrence of such Fundamental Change. To accept such offer, a holder shall deliver to the Company
such Security with the form entitled “Fundamental Change Redemption Right Notice” on the reverse
thereof duly completed, together with the Security, duly endorsed for transfer, at any time prior
to the close of business on the Fundamental Change Redemption Date, and shall deliver the
Securities to the Trustee (or other paying agent appointed by the Company) as set forth in the
Indenture.

     Holders have the right to withdraw any Fundamental Change Redemption Right Notice by
delivering to the Trustee (or other paying agent appointed by the Company) a written notice of
withdrawal up to the close of business on the Fundamental Change Redemption Date all as provided in
the Indenture.

     If sufficient money to pay the purchase price of all Securities or portions thereof to be
purchased as of the Fundamental Change Redemption Date is deposited with the Trustee (or other
paying agent appointed by the Company), on the Business Day following the Fundamental Change
Redemption Date, the Securities will cease to be outstanding, Interest will cease to accrue on such
Securities (or portions thereof) immediately after the Fundamental Change Redemption Date, and the
holder thereof shall have no other rights as such other than the right to receive the repurchase
price upon surrender of such Security.

     Subject to the provisions of the Indenture, at any time prior to the final maturity date of
the Securities, the holder hereof has the right, at its option, to convert the Securities into
shares of the Company’s Common Stock initially at a rate of 93.6768 shares of Common Stock for each
$1,000 principal amount of the Securities (equivalent to an initial Conversion Price of
approximately $10.68 per share), as such shares shall be constituted at the date of conversion and
subject to adjustment from time to time as provided in the Indenture, upon surrender of this

A-8

 

Security with the form entitled “Conversion Notice” on the reverse thereof duly completed, to the
Company at the office or agency of the Company maintained for that purpose in accordance with the
terms of the Indenture, or at the option of such holder, the Corporate Trust Office, and, unless
the shares issuable on conversion are to be issued in the same name as this Security, duly endorsed
by, or accompanied by instruments of transfer in form satisfactory to the Company duly executed by,
the holder or by his duly authorized attorney.

     The Conversion Rate on any Securities surrendered for conversion in connection with a
Fundamental Change may be increased by an amount, if any, determined in accordance with Section
15.11 of the Indenture.

     With the consent of holders of at least 50.1% aggregate principal amount of the Securities
then outstanding, the Company and the Trustee may amend the Indenture to permit, at the Company’s
option, settlement upon conversion in cash or a combination of cash and Common Stock as described
in the Indenture.

     No adjustment in respect of Interest on any Security converted or dividends on any shares
issued upon conversion of such Security will be made upon any conversion except as set forth in the
next sentence. If this Security (or portion hereof) is surrendered for conversion during the
period from the close of business on any record date for the payment of Interest to the close of
business on the Business Day preceding the following interest payment date, this Security (or
portion hereof being converted) must be accompanied by payment, in immediately available funds or
other funds acceptable to the Company, of an amount equal to the Interest otherwise payable on such
interest payment date on the principal amount being converted; provided that no such payment shall
be required (1) if the Company has specified a redemption date that is after a record date and on
or prior to the next interest payment date, (2) if the Company has specified a Fundamental Change
Redemption Date following a Fundamental Change or a Redemption Date that is during such period or
(3) to the extent of any overdue Interest, if any overdue Interest exists at the time of conversion
with respect to such Security.

     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 Security or Securities for conversion.

     A Security in respect of which a holder accepts an offer by the Company to purchase its
Securities upon a Fundamental Change may be converted only if such holder withdraws its election to
exercise either such right in accordance with the terms of the Indenture.

     Any Securities called for redemption, unless surrendered for conversion by the holders thereof
on or before the close of business on the Business Day preceding the redemption date, may be deemed
to be redeemed from the holders of such Securities for an amount equal to the applicable redemption
price, together with accrued but unpaid Interest to, but excluding, the date fixed for redemption,
by one or more investment banks or other purchasers who may agree with the Company (i) to purchase
such Securities from the holders thereof and convert them into shares of the Company’s Common Stock
and (ii) to make payment for such Securities as aforesaid to the Trustee in trust for the holders.

A-9

 

     Upon due presentment for registration of transfer of this Security at the office or agency of
the Company maintained for that purpose in accordance with the terms of the Indenture, a new
Security or Securities of authorized denominations for an equal aggregate principal amount will be
issued to the transferee in exchange thereof, subject to the limitations provided in the Indenture,
without charge except for any tax, assessment or other governmental charge may be imposed in
connection therewith.

     The Company, the Trustee, any authenticating agent, any paying agent, any conversion agent and
any Security Registrar may deem and treat the registered holder hereof as the absolute owner of
this Security (whether or not this Security shall be overdue and notwithstanding any notation of
ownership or other writing hereon made by anyone other than the Company or any Security Registrar)
for the purpose of receiving payment hereof, or on account hereof, for the conversion hereof and
for all other purposes, and neither the Company nor the Trustee nor any other authenticating agent
nor any paying agent nor other conversion agent nor any Security Registrar shall be affected by any
notice to the contrary. All payments made to or upon the order of such registered holder shall be
valid, and, to the extent of the sum or sums paid, satisfy and discharge liability for monies
payable on this Security.

     No recourse for the payment of the principal of or any premium or Interest on this Security,
or for any claim based hereon or otherwise in respect hereof, and no recourse under or upon any
obligation, covenant or agreement of the Company in the Indenture or any supplemental indenture or
in any Security, or because of the creation of any indebtedness represented thereby, shall be had
against any incorporator, stockholder, employee, agent, officer or director or subsidiary, as such,
past, present or future, of the Company or of any successor corporation, either directly or through
the Company or any successor corporation, whether by virtue of any constitution, statute or rule of
law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by
acceptance hereof and as part of the consideration for the issue hereof, expressly waived and
released.

     This Security shall be deemed to be a contract made under the laws of New York, and for all
purposes shall be construed in accordance with the laws of New York, without regard to principles
of conflicts of laws.

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

A-10

 

ABBREVIATIONS

          The following abbreviations, when used in the inscription of the face of this Security, shall
be construed as though they were written out in full according to applicable laws or regulations.

	 	 	 
	TEN COM -

	 	as tenants in common
	TEN ENT -

	 	as tenant by the entireties
	JT TEN -

	 	as joint tenants with right of survivorship
and not as tenants in common
	CUST -

	 	Custodian
	UNIF GIFT MIN ACT -

	 	Uniform Gifts to Minors Act Custodian

          Additional abbreviations may also be used though not in the above list.

 

CONVERSION NOTICE

	TO:  	 	FINISAR CORPORATION

1389 Moffett Park Drive

Sunnyvale, CA 94089-1134
	 
	 	 	WELLS FARGO BANK, N.A.

45 Broadway

14th Floor

New York, NY 10006

Facsimile No.: (212) 515-1589

Attention: Corporate Trust Administration (Finisar)
	 
	 	 	WELLS FARGO BANK — DAPS Reorg.

MAC N9303-121

608 2nd Avenue South

Minneapolis, MN 55479

Facsimile No.: (866) 969-1290

Email: DAPSReorg@wellsfargo.com

     The undersigned registered owner of this Security hereby irrevocably exercises the option to
convert this Security, or the portion thereof (which is $1,000 or an integral multiple thereof)
below designated, into Common Stock of Finisar Corporation, cash or a combination of cash and
Common Stock in accordance with the terms of the Indenture referred to in this Security, and
directs that the shares and/or cash issuable and deliverable upon such conversion, together with
any check in payment for fractional shares and any Securities representing any unconverted
principal amount hereof, be issued and delivered to the registered holder hereof unless a different
name has been indicated below. Capitalized terms used herein but not defined shall have the
meanings ascribed to such terms in the Indenture. If shares or any portion of this Security not
converted are to be issued in the name of a person other than the undersigned, the undersigned will
provide the appropriate information below and pay all transfer taxes payable with respect thereto.
Any amount required to be paid by the undersigned on account of Interest accompanies this Security.

Dated: ____________________

	 	 	 
	 

	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature(s)
	 
	 	 
	 

	 	Signature(s) must be guaranteed by an “eligible
guarantor institution” meeting the requirements of
the Security Registrar, which requirements include
membership or participation in the Security Transfer
Agent Medallion Program (“STAMP”) or such other
“signature guarantee program” as

 

 

	 	 	 
	 

	 	may be determined by the Security Registrar in addition
to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature Guarantee

	1.	 	Total principal amount and serial or identification numbers of Securities to be converted:
	 
	 	 	Total principal amount of Securities: ____________________
	 
	 	 	Serial or identifying number of Securities:________________________________________________

                                                         
            (not required for Securities represented by a Global Security)
	 
	 	 	CUSIP/ISIN number of Securities: ____________________________
	 
	 	 	N.B. If necessary, the serial or identifying numbers of Securities can be attached
separately.
	 
	2.	 	Name and address of the person in whose name Common Stock required to be delivered on
conversion are to be registered:
	 
	 	 	Name: _____________________
	 
	 	 	Address: ___________________
	 
	3.	 	I/We hereby request that the certificate for the Common Stock (together with any cash)
required to be delivered upon conversion be dispatched (at my/our own risk and expense) to the
local agent whose name and address is given below and in the manner specified below, or if the
conditions specify that delivery of the Common Stock is to be made in book-entry form, the
Common Stock be credited to the securities account specified below:
	 
	 	 	Name: _____________________
	 
	 	 	Address: ___________________
	 
	 	 	                 ___________________
	 
	 	 	Contact Person: ______________________
	 
	 	 	Telephone No.: ______________________
	 
	 	 	Fax No.: ____________________________
	 
	 	 	Manner of Dispatch: ________________________

 

 

	 	 	Securities House: ________________________
	 
	 	 	Securities Account Number: ________________________
	 
	4.	 	I/We hereby declare that any applicable condition to conversion of the Securities, if any,
has been complied with by me/us.
	 
	5.	 	I/We hereby declare that all stamp, issue, registration or similar taxes and duties payable
on conversion, issue or delivery of Common Stock of any other property or cash have been paid.
	 
	6.	 	I/We hereby declare that all stamp, issue, registration or similar taxes and duties payable
on conversion, issue or delivery of Common Stock or any other property or cash have been paid.

 

 

FUNDAMENTAL CHANGE REDEMPTION RIGHT NOTICE

	TO:  	 	FINISAR CORPORATION

1389 Moffett Park Drive

Sunnyvale, CA 94089-1134
	 
	 	 	WELLS FARGO BANK, N.A.

45 Broadway

14th Floor

New York, NY 10006

Facsimile No.: (212) 515-1589

Attention: Corporate Trust Administration (Finisar)
	 
	 	 	WELLS FARGO BANK — DAPS Reorg.

MAC N9303-121

608 2nd Avenue South

Minneapolis, MN 55479

Facsimile No.: (866) 969-1290

Email: DAPSReorg@wellsfargo.com

     The undersigned registered owner of this Security hereby irrevocably acknowledges receipt of a
notice from Finisar Corporation (the “Company”) regarding the right of holders to accept the
Company’s offer to purchase the Securities upon the occurrence of a Fundamental Change with respect
to the Company and accepts such offer and requests and instructs the Company to repay the entire
principal amount of this Security, or the portion thereof (which is $1,000 or an integral multiple
thereof) below designated, in accordance with the terms of the Indenture at the price of 100% of
such entire principal amount or portion thereof, together with accrued Interest to, but excluding,
the Fundamental Change Redemption Date, to the registered holder hereof, provided that if such
Fundamental Change Redemption Date falls after a record date and on or prior to the corresponding
interest payment date, then the full amount of Interest payable on such interest payment date shall
be paid to the holders of record of the Securities on the applicable record date instead of the
holders surrendering the Securities for repurchase on such Fundamental Change Redemption Date.
Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the
Indenture. The Securities shall be purchased by the Company as of the portion thereof, together
with accrued Interest to, but excluding, the Fundamental Change Redemption Date pursuant to the
terms and conditions specified in the Indenture, provided that if such Fundamental Change
Redemption Date falls after a record date and on or prior to the corresponding interest payment
date, then the full amount of Interest payable on such interest payment date shall be paid to the
holders of record of the Securities on the applicable record date instead of the holders
surrendering the Securities for repurchase on such Fundamental Change Redemption Date. The
undersigned registered owner elects:

[   ] to withdraw this Fundamental Change Redemption Right Notice as to $[    ] principal amount of
the Securities to which this Fundamental Change Redemption Right Notice relates (Certificate
Numbers:          ), or

 

 

[   ] to accept the offer receive cash in respect of $[    ] principal amount of the Securities to
which this Fundamental Change Redemption Right Notice relates.

Dated: ____________________

	 	 	 
	 

	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature(s):
	 
	 	 
	 

	 	Signatures(s) must be guaranteed by an
“eligible guarantor institution” meeting
the requirements of the Security
Registrar, which requirements include
membership or participation in the
Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature
guarantee program” as may be determined by
the Security Registrar in addition to, or
in substitution for, STAMP, all in
accordance with the Securities Exchange
Act of 1934, as amended.
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature Guarantee

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

Security Certificate Number (if applicable): _______________________

Principal amount to be repurchased (if less than all): _______________________

Social Security or Other Taxpayer Identification Number: _______________________

 

 

REDEMPTION DATE NOTICE

	TO:  	 	FINISAR CORPORATION

1389 Moffett Park Drive

Sunnyvale, CA 94089-1134
	 
	 	 	WELLS FARGO BANK, N.A.

45 Broadway

14th Floor

New York, NY 10006

Facsimile No.: (212) 515-1589

Attention: Corporate Trust Administration (Finisar)
	 
	 	 	WELLS FARGO BANK — DAPS Reorg.

MAC N9303-121

608 2nd Avenue South

Minneapolis, MN 55479

Facsimile No.: (866) 969-1290

Email: DAPSReorg@wellsfargo.com

     The undersigned registered owner of this Security hereby irrevocably acknowledges receipt of a
notice from Finisar Corporation (the “Company”) regarding the right of holders to elect to require
the Company to repurchase the Securities on [October 15, 2014/ October 15, 2016/ October 15, 2019/
October 15, 2024] and requests and instructs the Company to repay the entire principal amount of
this Security, or the portion thereof (which is $1,000 or an integral multiple thereof) below
designated, in accordance with the terms of the Indenture at the price of 100% of such entire
principal amount or portion thereof, together with accrued Interest to, but excluding, the
Redemption Date, to the registered holder hereof, provided that if such Redemption Date falls after
a record date and on or prior to the corresponding interest payment date, then the full amount of
Interest payable on such interest payment date shall be paid to the holders of record of the
Securities on the applicable record date instead of the holders surrendering the Securities for
repurchase on such Redemption Date. Capitalized terms used herein but not defined shall have the
meanings ascribed to such terms in the Indenture. The Securities shall be repurchased by the
Company as of the portion thereof, together with accrued Interest to, by excluding, the Redemption
Date pursuant to the terms and conditions specified in the Indenture, provided that if such
Redemption Date falls after a record date and on or prior to the corresponding interest payment
date, then the full amount of Interest payable on such interest payment date shall be paid to the
holders of record of the Securities on the applicable record date instead of the holders
surrendering the Securities for repurchase on such Redemption Date. The undersigned registered
owner elects:

[   ] to withdraw this Redemption Date Notice as to $[    ] principal amount of the Securities to
which this Redemption Date Notice relates (Certificate Numbers:          ), or

[   ] to receive cash in respect of $[    ] principal amount of the Securities to which this
Redemption Date Notice relates.

 

 

Dated: ____________________

	 	 	 
	 

	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature(s):
	 
	 	 
	 

	 	Signatures(s) must be guaranteed by an
“eligible guarantor institution” meeting
the requirements of the Security
Registrar, which requirements include
membership or participation in the
Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature
guarantee program” as may be determined by
the Security Registrar in addition to, or
in substitution for, STAMP, all in
accordance with the Securities Exchange
Act of 1934, as amended.
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature Guarantee

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

Security Certificate Number (if applicable): _______________________

Principal amount to be repurchased (if less than all): _______________________

Social Security or Other Taxpayer Identification Number: _______________________

 

 

ASSIGNMENT

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

     In connection with any transfer of the Security prior to the date that is two years after the
last original issue date of the Securities (other than any transfer pursuant to a registration
statement that has been declared effective under the Securities Act), the undersigned confirms that
such Security is being transferred:

	 	o	 	To Finisar Corporation or a subsidiary thereof; or
	 
	 	o	 	To a “qualified institutional buyer” in compliance with Rule 144A under the
Securities Act of 1933, as amended; or
	 
	 	o	 	Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as
amended; or
	 
	 	o	 	Pursuant to a Registration Statement which has been declared effective under the
Securities Act of 1933, as amended, and which continues to be effective at the time of
transfer;

and unless the Security has been transferred to Finisar Corporation or a subsidiary thereof, the
undersigned confirms that such Security is not being transferred to an “affiliate” of the Company
as defined in Rule 144 under the Securities Act of 1933, as amended.

     Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities
evidenced by this certificate in the name of any person other than the registered holder thereof.

Dated: ____________________

	 	 	 
	 

	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature(s)
	 
	 	 
	 

	 	Signature(s) must be guaranteed by an “eligible
guarantor institution” meeting the requirements of
the Security Registrar, which requirements include
membership or participation in the Security Transfer
Agent Medallion Program (“STAMP”) or such other
“signature guarantee program” as may be determined by
the Security Registrar in

 

 

	 	 	 
	 

	 	addition to, or in substitution for, STAMP, all in accordance
with the Securities Exchange Act of 1934, as amended.
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature Guarantee

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

 

 

Schedule Ị*

FINISAR CORPORATION

5.0% CONVERTIBLE SENIOR NOTES DUE 2029

SCHEDULE OF EXCHANGES OF SECURITIES

	 	 	 	 	 	 	 	 	 
	 	 	Principal Amount of	 	 	 	 	 	 
	 	 	this Global Security	 	 	 	 	 	 
	 	 	Following Such	 	Amount of Decrease in	 	Amount of Increase in	 	 
	 	 	Decrease Date of	 	Principal Amount of	 	Principal Amount of	 	Authorized Signature of
	Date	 	Exchange (or Increase)	 	this Global Security	 	this Global Security	 	Trustee or Custodian
	 

	 	 	 	 	 	 	 	 

 

			
	*	 	This schedule should be included only if the Security is a Global Security.

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